DesmondChua的个人主页 - 老虎社区

DesmondChua

DesmondChua

暂无个人介绍

IP属地：未知

10关注

4粉丝

0主题

0勋章

2021-04-01

Gotta study Tesla.

2021-06-14

Interesting

抱歉，原内容已删除

2021-06-16

Let’s do it

Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</blockquote>

2021-06-09

☺️

抱歉，原内容已删除

2021-06-09

Aiyo

AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote>

2021-04-14

$Tesla Motors(TSLA)$Only higher. Never highest

2021-06-13

$NIO Inc.(NIO)$Going back up go go

2021-04-20

Always check on the Value!

抱歉，原内容已删除

2021-06-12

$NIO Inc.(NIO)$Going back

2021-06-11

$NIO Inc.(NIO)$Go go you can do it

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3574859696763468","uuid":"3574859696763468","gmtCreate":1611766121694,"gmtModify":1617605791646,"name":"DesmondChua","pinyin":"desmondchua","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":4,"headSize":10,"tweetSize":18,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.07.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.01.02","exceedPercentage":"60.79%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":160164565,"gmtCreate":1623775398157,"gmtModify":1634028387105,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Let’s do it&nbsp;","listText":"Let’s do it&nbsp;","text":"Let’s do it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/160164565","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohunote.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论市场奇怪的夏季低迷将 VIX 推至新冠疫情爆发以来的最低水平时，我们表示，这段异常的市场平静时期可能会持续到本周五的四女巫，届时大量伽马和德尔塔到期并被消除风险，在消除天然下行股票缓冲的过程中（参见“市场低迷以下周五的 Op-Ex 结束的 4 个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基-菲什曼（Rocky Fishman）在谈到周五可能影响市场的运营支出时，对即将到期的 6 月份的运营支出进行了预览，他称之为 “规模庞大，堪比典型的季度”。具体而言，<b>周五有 1.8 万亿美元的 SPX 期权到期，此外还有 2400 亿美元的SPDR标普500指数ETF期权以及 2000 亿美元的 SPX 和 SPX E-mini 期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，在当前现货 10% 以内的到期期权数量比过去十年中任何一个季度都少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，组合账户<b>对于 15-20% 的 SPX 期权，</b>因此，调整后的未平仓合约总额将达到 1.5 万亿美元，仍远高于到期单只股票未平仓合约总额（7750 亿美元）。此外，由于股市处于历史高位，预计6月份的大部分未平仓合约将低于当前SPX现货价格。如下图所示，双峰位于3900和4150。这意味着周五之后，这些点周围可能会有一定的“反”引力，直到伽马射线被重新填充。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>高盛策略师随后解释了他认为已实现市场交易量异常低水平的情况，并指出——正如我们上周讨论的那样——这与长期定位是一致的。考虑一下SPX<b>过去 13 个交易日的实现波动率仅为 5.1%，为 2019 年以来最低的 13 天实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC 上周的合约量是单只股票中最高的（但名义成交量为 70 亿美元/天，远低于 AMZN 领先的 1200 亿美元/天），同期已实现成交量的近 400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的查理·麦切利戈特上周首次指出的那样，高盛的衍生品团队同意<b>SPX 极低的实现波动率与 6 月 18 日多头指数 gamma 离开 “街头 ”的可能性是一致的，在这种情况下，Fishman 呼应了我们上周所说的，即 “一旦头寸更加干净，实现波动率可能会上升”。</b>与此同时，SPX 的 VIX 期货贝塔系数上升表明，如果市场抛售，投资者预计短期伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录库存挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由零售驱动的所有单一股票期权活动中所占的比例很大，以及零售活动的预测价值，都提高了人们对单一股票期权市场的关注度。最近单一股票期权活动的增长集中在低股价股票，导致过去两周的合约交易量中的股价与名义交易量不符。在根据股票市场规模调整名义成交量时，高盛发现，过去两周单只股票成交量实际上一直处于 2021 年区间的低点，这意味着最新的涨幅几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是，高盛观察到，短期 SPX 期权（每周）和远离季度的趋势仍在继续，这与零售参与交易的不断增长是一致的。这也是为什么周五 SPX 到期日小于近期许多季度的原因之一，也是为什么随着到期日的临近，其交易量一直在下降。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛解释的那样，投资者越来越多地采用 SPX 到期日的完整日历，包括每周一和周三的到期日，因为他们会根据事件调整自己的观点。其实，<b>第三个星期五到期的 SPX 期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单只股票交易量： 高盛提出了一个观点--“如果做市商无法覆盖散户投资者购买看涨期权产生的单只股票空头范围，他们可能会积极交易一系列超短期 SPX 指数期权的多头头寸，以抵消这一范围”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称，“最卖空的名称”，散户投资者正在迎来整个市场的非正统平静期!</b></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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论市场奇怪的夏季低迷将 VIX 推至新冠疫情爆发以来的最低水平时，我们表示，这段异常的市场平静时期可能会持续到本周五的四女巫，届时大量伽马和德尔塔到期并被消除风险，在消除天然下行股票缓冲的过程中（参见“市场低迷以下周五的 Op-Ex 结束的 4 个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基-菲什曼（Rocky Fishman）在谈到周五可能影响市场的运营支出时，对即将到期的 6 月份的运营支出进行了预览，他称之为 “规模庞大，堪比典型的季度”。具体而言，<b>周五有 1.8 万亿美元的 SPX 期权到期，此外还有 2400 亿美元的SPDR标普500指数ETF期权以及 2000 亿美元的 SPX 和 SPX E-mini 期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，在当前现货 10% 以内的到期期权数量比过去十年中任何一个季度都少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，组合账户<b>对于 15-20% 的 SPX 期权，</b>因此，调整后的未平仓合约总额将达到 1.5 万亿美元，仍远高于到期单只股票未平仓合约总额（7750 亿美元）。此外，由于股市处于历史高位，预计6月份的大部分未平仓合约将低于当前SPX现货价格。如下图所示，双峰位于3900和4150。这意味着周五之后，这些点周围可能会有一定的“反”引力，直到伽马射线被重新填充。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>高盛策略师随后解释了他认为已实现市场交易量异常低水平的情况，并指出——正如我们上周讨论的那样——这与长期定位是一致的。考虑一下SPX<b>过去 13 个交易日的实现波动率仅为 5.1%，为 2019 年以来最低的 13 天实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC 上周的合约量是单只股票中最高的（但名义成交量为 70 亿美元/天，远低于 AMZN 领先的 1200 亿美元/天），同期已实现成交量的近 400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的查理·麦切利戈特上周首次指出的那样，高盛的衍生品团队同意<b>SPX 极低的实现波动率与 6 月 18 日多头指数 gamma 离开 “街头 ”的可能性是一致的，在这种情况下，Fishman 呼应了我们上周所说的，即 “一旦头寸更加干净，实现波动率可能会上升”。</b>与此同时，SPX 的 VIX 期货贝塔系数上升表明，如果市场抛售，投资者预计短期伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录库存挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由零售驱动的所有单一股票期权活动中所占的比例很大，以及零售活动的预测价值，都提高了人们对单一股票期权市场的关注度。最近单一股票期权活动的增长集中在低股价股票，导致过去两周的合约交易量中的股价与名义交易量不符。在根据股票市场规模调整名义成交量时，高盛发现，过去两周单只股票成交量实际上一直处于 2021 年区间的低点，这意味着最新的涨幅几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是，高盛观察到，短期 SPX 期权（每周）和远离季度的趋势仍在继续，这与零售参与交易的不断增长是一致的。这也是为什么周五 SPX 到期日小于近期许多季度的原因之一，也是为什么随着到期日的临近，其交易量一直在下降。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛解释的那样，投资者越来越多地采用 SPX 到期日的完整日历，包括每周一和周三的到期日，因为他们会根据事件调整自己的观点。其实，<b>第三个星期五到期的 SPX 期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单只股票交易量： 高盛提出了一个观点--“如果做市商无法覆盖散户投资者购买看涨期权产生的单只股票空头范围，他们可能会积极交易一系列超短期 SPX 指数期权的多头头寸，以抵消这一范围”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称，“最卖空的名称”，散户投资者正在迎来整个市场的非正统平静期!</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2017,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185215048,"gmtCreate":1623652744584,"gmtModify":1634030608011,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":2,"link":"https://laohu8.com/post/185215048","repostId":"1105297799","repostType":4,"isVote":1,"tweetType":1,"viewCount":2486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182180031,"gmtCreate":1623557588223,"gmtModify":1634031725232,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back up go go","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back up go go","text":"$NIO Inc.(NIO)$Going back up go go","images":[{"img":"https://static.tigerbbs.com/f34f9784003385cded3573fdf5a56be7","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/182180031","isVote":1,"tweetType":1,"viewCount":2088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":186369369,"gmtCreate":1623474086151,"gmtModify":1634032639179,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"🤯🤯","listText":"🤯🤯","text":"🤯🤯","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186369369","repostId":"2142823202","repostType":4,"isVote":1,"tweetType":1,"viewCount":2270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186360702,"gmtCreate":1623474068406,"gmtModify":1634032639539,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back","text":"$NIO Inc.(NIO)$Going back","images":[{"img":"https://static.tigerbbs.com/f34f9784003385cded3573fdf5a56be7","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186360702","isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":183441328,"gmtCreate":1623344119964,"gmtModify":1634034339899,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Go go you can do it","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Go go you can do it","text":"$NIO Inc.(NIO)$Go go you can do it","images":[{"img":"https://static.tigerbbs.com/ec5c4d89ba316284740b8ea6423db131","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183441328","isVote":1,"tweetType":1,"viewCount":2530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189110903,"gmtCreate":1623247612602,"gmtModify":1634035382488,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"☺️","listText":"☺️","text":"☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/189110903","repostId":"1109652850","repostType":4,"isVote":1,"tweetType":1,"viewCount":2002,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189195406,"gmtCreate":1623247319605,"gmtModify":1634035389640,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Aiyo","listText":"Aiyo","text":"Aiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/189195406","repostId":"1157991918","repostType":4,"repost":{"id":"1157991918","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623246947,"share":"https://www.laohunote.com/m/news/1157991918?lang=zh_CN&edition=full","pubTime":"2021-06-09 21:55","market":"us","language":"en","title":"AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157991918","media":"Tiger Newspress","summary":"AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, S","content":"<p>AMC dropped over 10% in morning trading.&nbsp;Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.</p><p><blockquote>AMC 早盘交易中下跌超过 10%。 AMC 股票现在是买入还是卖出？以下是基本面、股票图表走势、共同基金所有权指标所说的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c561ed81664985f5ab7c28caf5b1626\" tg-width=\"323\" tg-height=\"321\"></p><p><blockquote></blockquote></p><p> Going to the movies is exciting. But can it match the action by<b>AMC Entertainment</b>(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.</p><p><blockquote>去看电影很令人兴奋。但是它能通过以下方式匹配动作吗<b>AMC院线</b>（AMC）？今年年初，AMC 股价仅为每股 2 美元，上周飙升超过 36 倍，创下历史新高。</blockquote></p><p> Shares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.</p><p><blockquote>周四，有消息称该公司计划出售最多 1155 万股股票，约占已发行普通股总数的 2.6%，股价一度下跌超过 30%。AMC随后宣布完成发行，筹集5.87亿美元。但最近几天，该股坚挺，相对于过去一周的一些重大日常波动，该股表现出看涨的内部走势。</blockquote></p><p> Given extraordinary gains since late May, is it perhaps time to take some profits off the table?&nbsp;After all, the May rally carries theelements of a climax run. Or is it a buy now?</p><p><blockquote>鉴于自五月下旬以来的非凡收益，也许是时候将一些利润从桌面上移除了？毕竟，五月的集会带有高潮运行的元素。还是现在就买？</blockquote></p><p> This story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.</p><p><blockquote>这个故事考察了基本面、技术面和基金所有权因素，以确定堪萨斯州利伍德。，公司为股票交易者赚钱的概率很高。</blockquote></p><p> Consider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.</p><p><blockquote>考虑一下这个统计数据：在周三大幅上涨之前，在短短五个交易日（5 月 24 日至 28 日）内，AMC 上涨了 203%，达到周五盘中峰值 36.72，从而抹去了卖空者。AMC 股票几乎连续第二周上涨 100% 或以上。不可思议的。</blockquote></p><p> Following the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p><p><blockquote>在长阵亡将士纪念日假期周末之后，AMC 周二上涨近 23%，此前该公司宣布达成协议，以每股 27.15 美元的价格向 Mudrick Capital 出售 850 万股股票。AMC 表示，所得收益将用于“额外影院租赁的战略收购，以及增强 AMC 现有影院消费者吸引力的投资”。</blockquote></p><p> Some of that money could also go toward paying down debt.</p><p><blockquote>其中一些钱也可以用于偿还债务。</blockquote></p><p> AMC Stock: Do You Have An Exit Strategy?</p><p><blockquote>AMC 股票：您有退出策略吗？</blockquote></p><p> Some observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.</p><p><blockquote>一些观察人士对该公司巨额债务负担（截至 3 月 31 日，一年或更长时间内到期的借款为 54 亿美元）与资产负债表上的总资产（105 亿美元）相比表示担忧。</blockquote></p><p> On May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.</p><p><blockquote>5月24日，尽管有消息称其迄今为止最大的股东中国万达集团已出售其在AMC的大部分剩余股份，但该公司股价仍上涨了13%以上。</blockquote></p><p> Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or trading<b>GameStop</b>(GME), you likely were also keeping close tabs on AMC Entertainment.</p><p><blockquote>今年早些时候，Reddit 上的 WallStreetBets 聊天室交易员一致购买 AMC 股票并看涨看涨期权期权。他们在其他一些被严重卖空和陷入困境的公司中也做了同样的事情。如果您正在观看或交易<b>游戏驿站</b>（GME），你可能也在密切关注AMC院线。</blockquote></p><p> Are The Shorts Covering AMC Stock?</p><p><blockquote>空头涵盖 AMC 股票吗？</blockquote></p><p> When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p><p><blockquote>当一只股票显示出高水平的空头兴趣正在上涨时，你几乎可以指望会发生买入的连锁反应。为什么？卖空者押注股票下跌，往往不得不来个大转弯。他们通过回购股票来弥补空头头寸。</blockquote></p><p> According to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —&nbsp; is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.</p><p><blockquote>根据 MarketSmith 分析的最新数据，空头兴趣（即个人和专业投资者卖空的股票）目前是 AMC 股票日均成交量 1.32 亿股（约合 9200 万股）的 0.7 倍。这相当于该股总流通量的 20%——巨大。然而，每日股票成交量的急剧上升可能会扭曲这一数字。</blockquote></p><p> Still, short sellers had clearly been betting big on a future decline.</p><p><blockquote>尽管如此，卖空者显然一直在押注未来的下跌。</blockquote></p><p> TheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.</p><p><blockquote>《投资者商业日报》团队将密切关注最近空头兴趣下降的任何迹象。</blockquote></p><p> Since late January, AMC stock has followed an extreme zigzag path.&nbsp;Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p><p><blockquote>自1月下旬以来，AMC股票一直沿着一条极端的之字形路径。就在20.36的峰值后两周，AMC崩溃了。股价最低跌至5.26。随后出现了第二波巨大的买盘浪潮，使股价回到了低点。</blockquote></p><p> Week to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.</p><p><blockquote>该股（市值逐周回升至 250 亿美元，流通股数为 4.503 亿股，流通股数为 4.413 亿股）最近整体价格区间有所收窄。随着新基地的形成，这很好。</blockquote></p><p> Will AMC Stock Keep Rallying In The Long Term?</p><p><blockquote>AMC股票会长期持续上涨吗？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e13c3bc5de41e6ab81d88a5d9e269528\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">Without a doubt, investors long in AMC are betting on a turnaround in fortunes.</p><p><blockquote>毫无疑问，做多 AMC 的投资者押注于命运的好转。</blockquote></p><p> In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p><p><blockquote>2020年，AMC每股亏损16.15美元。过去五个季度，该公司的销售额与去年同期相比下降了 22% 至 99%。这样的结果通常会摧毁大多数公司。</blockquote></p><p> But as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.</p><p><blockquote>但随着全国各地的电影院开业并增加座位容量，华尔街寄希望于营收将大幅反弹。</blockquote></p><p> Analysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.</p><p><blockquote>FactSet 调查的分析师一致预计第二季度销售额为 3.75 亿美元，比去年同期的 1890 万美元增长 1,884%。然后，他们看到第三季度销售额又增长了561%，达到7.9亿美元，第四季度增长了575%，达到11亿美元。</blockquote></p><p></p><p> Wall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.</p><p><blockquote>华尔街预计 2021 年每股净亏损为 3.33 美元，与去年未经调整的 39.15 美元相去甚远。华尔街预计 2022 年净亏损将进一步收窄，至每股 96 美分。这两个估计都略有上调，这是一个看涨的迹象。</blockquote></p><p> With big sales expected to arrive, you can expect cash flows to greatly improve.</p><p><blockquote>随着大销售的到来，你可以期待现金流大大改善。</blockquote></p><p> Key IBD Ratings</p><p><blockquote>IBD 主要评级</blockquote></p><p> The last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.</p><p><blockquote>AMC 上一次支付股息是在 2020 年 3 月 23 日，每股普通股 3 美分。如果该公司恢复现金支付，股东可以按目前每股接近 14 美元的价格获得 0.9% 的年化收益率。</blockquote></p><p> For now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).</p><p><blockquote>目前，AMC 在 IBD 的许多专有评级中得分很低。在周一的交易中，它们包括 22 的每股收益评级，范围为 1 到 99；销售额+利润率+股本回报率（SMR）评级为E；以及 1（萎缩）到 99（神奇）范围内的 56 个综合评级。</blockquote></p><p> Meanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.</p><p><blockquote>与此同时，就六个月相对业绩而言，AMC 的电影产业集团在 IBD's197 产业集团中排名前半。体面，但不出众。截至 3 月底，持有 AMC 股份的共同基金增至 203 只，而 2020 年第四季度为 186 只。一些投资组合经理渴望积累股票。</blockquote></p><p> AMC Stock Forecast</p><p><blockquote>AMC 股票预测</blockquote></p><p> When choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p><p><blockquote>当根据 CAN SLIM 投资范式选择潜在收益最大的成长型股票时，当您关注综合评级为 90 或更高的股票时，您找到真正市场领导者的机会就会增加。瞄准 95 或更高，尤其是在新牛市开始时，甚至更好。</blockquote></p><p> However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p><p><blockquote>然而，鉴于 AMC 股票是一只扭亏为盈的股票，因此更加强调相对实力是有意义的。AMC 显然拥有这一点。</blockquote></p><p> A 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.</p><p><blockquote>在 1 到 99 的范围内，99 的相对强度评级意味着该公司的表现优于 IBD 数据库中 99% 的所有股票。长期表现强劲？确实。与此同时，积累/分配评级已跃升至 A 到 E 的最佳 A+ 等级。</blockquote></p><p> Plus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.</p><p><blockquote>另外，请注意周线图和 MarketSmith 上的相对强度线是如何波动的。</blockquote></p><p> The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&amp;P 500.</p><p><blockquote>用蓝色绘制的 RS 线将股票或 ETF 的走势与标普500进行比较。</blockquote></p><p> When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p><p><blockquote>当一只股票突破新的基础时，我更希望看到 RS 线也达到新的高点。这意味着一只股票现在的表现优于一般市场。</blockquote></p><p> In essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.</p><p><blockquote>从本质上讲，AMC 在过去两个月里创造了一个四四方方的杯状底座。这是足够的时间来形成固体杯图案。这种模式产生了比 3 月 18 日杯子左侧峰值 14.54 高出 10 美分的适当买入点。因此，就 AMC 股票而言，正确的条目是 14.64。您希望在突破时看到大量成交量。</blockquote></p><p> Conclusion: Is It A Buy Now? Or A Sell?</p><p><blockquote>结论：现在买入吗？还是出售？</blockquote></p><p> In effect,AMC stockhas staged astrong breakouttwice last week.</p><p><blockquote>事实上， AMC 股票上周两次出现强劲突破。</blockquote></p><p> First, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.</p><p><blockquote>首先，AMC 必须突破 14.64 才能成为新买入。5月18日的尝试是短暂的。然而，5 月 25 日 20% 的涨幅使股价突破了适当的买入点。</blockquote></p><p> The5% buy zonegoes up to 15.37, so the stock quickly got extended.</p><p><blockquote>5% 的买入区升至 15.37，因此该股很快就得到了延长。</blockquote></p><p> As always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p><p><blockquote>一如既往，控制你的风险。并非所有突破都有效，尤其是当股市上升趋势面临压力时。购买的最佳时机？当IBD注意到股市处于确认的上升趋势时，这意味着机构投资者的购买需求是健康的。</blockquote></p><p> In stock investing, you want the wind at your back, not in your face.</p><p><blockquote>在股票投资中，你希望风在你的背后，而不是在你的脸上。</blockquote></p><p> Last month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.</p><p><blockquote>上个月，这篇报道建议密切关注 AMC 股票如何应对 20 点附近的潜在上行阻力。事实上，自1月29日结束的那不可思议的一周以来的行动也可以被视为深度杯模式。从这个有利位置出发，AMC 实现了第二次突破，以 fury 的速度超过了新的 20.46 个买入点。</blockquote></p><p> To get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.</p><p><blockquote>要在没有手柄的acup中获得这个额外的条目，只需在杯子的左侧高度增加10美分——在这种情况下，是20.36。5月27日，股价突破了这一入口，并且没有回头。尽管如此，短短两周内涨幅高达 501%，锁定至少部分利润是有意义的。</blockquote></p><p> And after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.</p><p><blockquote>在您购买任何前景良好的股票后，不要忘记投资的黄金法则。保持小损失可以让你长期保持投资游戏。</blockquote></p><p> Yet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.</p><p><blockquote>然而，在这一点上，AMC从anIBD风格的切入点急剧扩展。继续观察是否会形成新的基地；这可能会创造一个新的突破机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-09 21:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC dropped over 10% in morning trading.&nbsp;Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.</p><p><blockquote>AMC 早盘交易中下跌超过 10%。 AMC 股票现在是买入还是卖出？以下是基本面、股票图表走势、共同基金所有权指标所说的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c561ed81664985f5ab7c28caf5b1626\" tg-width=\"323\" tg-height=\"321\"></p><p><blockquote></blockquote></p><p> Going to the movies is exciting. But can it match the action by<b>AMC Entertainment</b>(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.</p><p><blockquote>去看电影很令人兴奋。但是它能通过以下方式匹配动作吗<b>AMC院线</b>（AMC）？今年年初，AMC 股价仅为每股 2 美元，上周飙升超过 36 倍，创下历史新高。</blockquote></p><p> Shares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.</p><p><blockquote>周四，有消息称该公司计划出售最多 1155 万股股票，约占已发行普通股总数的 2.6%，股价一度下跌超过 30%。AMC随后宣布完成发行，筹集5.87亿美元。但最近几天，该股坚挺，相对于过去一周的一些重大日常波动，该股表现出看涨的内部走势。</blockquote></p><p> Given extraordinary gains since late May, is it perhaps time to take some profits off the table?&nbsp;After all, the May rally carries theelements of a climax run. Or is it a buy now?</p><p><blockquote>鉴于自五月下旬以来的非凡收益，也许是时候将一些利润从桌面上移除了？毕竟，五月的集会带有高潮运行的元素。还是现在就买？</blockquote></p><p> This story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.</p><p><blockquote>这个故事考察了基本面、技术面和基金所有权因素，以确定堪萨斯州利伍德。，公司为股票交易者赚钱的概率很高。</blockquote></p><p> Consider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.</p><p><blockquote>考虑一下这个统计数据：在周三大幅上涨之前，在短短五个交易日（5 月 24 日至 28 日）内，AMC 上涨了 203%，达到周五盘中峰值 36.72，从而抹去了卖空者。AMC 股票几乎连续第二周上涨 100% 或以上。不可思议的。</blockquote></p><p> Following the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p><p><blockquote>在长阵亡将士纪念日假期周末之后，AMC 周二上涨近 23%，此前该公司宣布达成协议，以每股 27.15 美元的价格向 Mudrick Capital 出售 850 万股股票。AMC 表示，所得收益将用于“额外影院租赁的战略收购，以及增强 AMC 现有影院消费者吸引力的投资”。</blockquote></p><p> Some of that money could also go toward paying down debt.</p><p><blockquote>其中一些钱也可以用于偿还债务。</blockquote></p><p> AMC Stock: Do You Have An Exit Strategy?</p><p><blockquote>AMC 股票：您有退出策略吗？</blockquote></p><p> Some observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.</p><p><blockquote>一些观察人士对该公司巨额债务负担（截至 3 月 31 日，一年或更长时间内到期的借款为 54 亿美元）与资产负债表上的总资产（105 亿美元）相比表示担忧。</blockquote></p><p> On May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.</p><p><blockquote>5月24日，尽管有消息称其迄今为止最大的股东中国万达集团已出售其在AMC的大部分剩余股份，但该公司股价仍上涨了13%以上。</blockquote></p><p> Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or trading<b>GameStop</b>(GME), you likely were also keeping close tabs on AMC Entertainment.</p><p><blockquote>今年早些时候，Reddit 上的 WallStreetBets 聊天室交易员一致购买 AMC 股票并看涨看涨期权期权。他们在其他一些被严重卖空和陷入困境的公司中也做了同样的事情。如果您正在观看或交易<b>游戏驿站</b>（GME），你可能也在密切关注AMC院线。</blockquote></p><p> Are The Shorts Covering AMC Stock?</p><p><blockquote>空头涵盖 AMC 股票吗？</blockquote></p><p> When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p><p><blockquote>当一只股票显示出高水平的空头兴趣正在上涨时，你几乎可以指望会发生买入的连锁反应。为什么？卖空者押注股票下跌，往往不得不来个大转弯。他们通过回购股票来弥补空头头寸。</blockquote></p><p> According to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —&nbsp; is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.</p><p><blockquote>根据 MarketSmith 分析的最新数据，空头兴趣（即个人和专业投资者卖空的股票）目前是 AMC 股票日均成交量 1.32 亿股（约合 9200 万股）的 0.7 倍。这相当于该股总流通量的 20%——巨大。然而，每日股票成交量的急剧上升可能会扭曲这一数字。</blockquote></p><p> Still, short sellers had clearly been betting big on a future decline.</p><p><blockquote>尽管如此，卖空者显然一直在押注未来的下跌。</blockquote></p><p> TheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.</p><p><blockquote>《投资者商业日报》团队将密切关注最近空头兴趣下降的任何迹象。</blockquote></p><p> Since late January, AMC stock has followed an extreme zigzag path.&nbsp;Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p><p><blockquote>自1月下旬以来，AMC股票一直沿着一条极端的之字形路径。就在20.36的峰值后两周，AMC崩溃了。股价最低跌至5.26。随后出现了第二波巨大的买盘浪潮，使股价回到了低点。</blockquote></p><p> Week to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.</p><p><blockquote>该股（市值逐周回升至 250 亿美元，流通股数为 4.503 亿股，流通股数为 4.413 亿股）最近整体价格区间有所收窄。随着新基地的形成，这很好。</blockquote></p><p> Will AMC Stock Keep Rallying In The Long Term?</p><p><blockquote>AMC股票会长期持续上涨吗？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e13c3bc5de41e6ab81d88a5d9e269528\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">Without a doubt, investors long in AMC are betting on a turnaround in fortunes.</p><p><blockquote>毫无疑问，做多 AMC 的投资者押注于命运的好转。</blockquote></p><p> In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p><p><blockquote>2020年，AMC每股亏损16.15美元。过去五个季度，该公司的销售额与去年同期相比下降了 22% 至 99%。这样的结果通常会摧毁大多数公司。</blockquote></p><p> But as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.</p><p><blockquote>但随着全国各地的电影院开业并增加座位容量，华尔街寄希望于营收将大幅反弹。</blockquote></p><p> Analysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.</p><p><blockquote>FactSet 调查的分析师一致预计第二季度销售额为 3.75 亿美元，比去年同期的 1890 万美元增长 1,884%。然后，他们看到第三季度销售额又增长了561%，达到7.9亿美元，第四季度增长了575%，达到11亿美元。</blockquote></p><p></p><p> Wall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.</p><p><blockquote>华尔街预计 2021 年每股净亏损为 3.33 美元，与去年未经调整的 39.15 美元相去甚远。华尔街预计 2022 年净亏损将进一步收窄，至每股 96 美分。这两个估计都略有上调，这是一个看涨的迹象。</blockquote></p><p> With big sales expected to arrive, you can expect cash flows to greatly improve.</p><p><blockquote>随着大销售的到来，你可以期待现金流大大改善。</blockquote></p><p> Key IBD Ratings</p><p><blockquote>IBD 主要评级</blockquote></p><p> The last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.</p><p><blockquote>AMC 上一次支付股息是在 2020 年 3 月 23 日，每股普通股 3 美分。如果该公司恢复现金支付，股东可以按目前每股接近 14 美元的价格获得 0.9% 的年化收益率。</blockquote></p><p> For now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).</p><p><blockquote>目前，AMC 在 IBD 的许多专有评级中得分很低。在周一的交易中，它们包括 22 的每股收益评级，范围为 1 到 99；销售额+利润率+股本回报率（SMR）评级为E；以及 1（萎缩）到 99（神奇）范围内的 56 个综合评级。</blockquote></p><p> Meanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.</p><p><blockquote>与此同时，就六个月相对业绩而言，AMC 的电影产业集团在 IBD's197 产业集团中排名前半。体面，但不出众。截至 3 月底，持有 AMC 股份的共同基金增至 203 只，而 2020 年第四季度为 186 只。一些投资组合经理渴望积累股票。</blockquote></p><p> AMC Stock Forecast</p><p><blockquote>AMC 股票预测</blockquote></p><p> When choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p><p><blockquote>当根据 CAN SLIM 投资范式选择潜在收益最大的成长型股票时，当您关注综合评级为 90 或更高的股票时，您找到真正市场领导者的机会就会增加。瞄准 95 或更高，尤其是在新牛市开始时，甚至更好。</blockquote></p><p> However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p><p><blockquote>然而，鉴于 AMC 股票是一只扭亏为盈的股票，因此更加强调相对实力是有意义的。AMC 显然拥有这一点。</blockquote></p><p> A 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.</p><p><blockquote>在 1 到 99 的范围内，99 的相对强度评级意味着该公司的表现优于 IBD 数据库中 99% 的所有股票。长期表现强劲？确实。与此同时，积累/分配评级已跃升至 A 到 E 的最佳 A+ 等级。</blockquote></p><p> Plus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.</p><p><blockquote>另外，请注意周线图和 MarketSmith 上的相对强度线是如何波动的。</blockquote></p><p> The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&amp;P 500.</p><p><blockquote>用蓝色绘制的 RS 线将股票或 ETF 的走势与标普500进行比较。</blockquote></p><p> When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p><p><blockquote>当一只股票突破新的基础时，我更希望看到 RS 线也达到新的高点。这意味着一只股票现在的表现优于一般市场。</blockquote></p><p> In essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.</p><p><blockquote>从本质上讲，AMC 在过去两个月里创造了一个四四方方的杯状底座。这是足够的时间来形成固体杯图案。这种模式产生了比 3 月 18 日杯子左侧峰值 14.54 高出 10 美分的适当买入点。因此，就 AMC 股票而言，正确的条目是 14.64。您希望在突破时看到大量成交量。</blockquote></p><p> Conclusion: Is It A Buy Now? Or A Sell?</p><p><blockquote>结论：现在买入吗？还是出售？</blockquote></p><p> In effect,AMC stockhas staged astrong breakouttwice last week.</p><p><blockquote>事实上， AMC 股票上周两次出现强劲突破。</blockquote></p><p> First, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.</p><p><blockquote>首先，AMC 必须突破 14.64 才能成为新买入。5月18日的尝试是短暂的。然而，5 月 25 日 20% 的涨幅使股价突破了适当的买入点。</blockquote></p><p> The5% buy zonegoes up to 15.37, so the stock quickly got extended.</p><p><blockquote>5% 的买入区升至 15.37，因此该股很快就得到了延长。</blockquote></p><p> As always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p><p><blockquote>一如既往，控制你的风险。并非所有突破都有效，尤其是当股市上升趋势面临压力时。购买的最佳时机？当IBD注意到股市处于确认的上升趋势时，这意味着机构投资者的购买需求是健康的。</blockquote></p><p> In stock investing, you want the wind at your back, not in your face.</p><p><blockquote>在股票投资中，你希望风在你的背后，而不是在你的脸上。</blockquote></p><p> Last month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.</p><p><blockquote>上个月，这篇报道建议密切关注 AMC 股票如何应对 20 点附近的潜在上行阻力。事实上，自1月29日结束的那不可思议的一周以来的行动也可以被视为深度杯模式。从这个有利位置出发，AMC 实现了第二次突破，以 fury 的速度超过了新的 20.46 个买入点。</blockquote></p><p> To get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.</p><p><blockquote>要在没有手柄的acup中获得这个额外的条目，只需在杯子的左侧高度增加10美分——在这种情况下，是20.36。5月27日，股价突破了这一入口，并且没有回头。尽管如此，短短两周内涨幅高达 501%，锁定至少部分利润是有意义的。</blockquote></p><p> And after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.</p><p><blockquote>在您购买任何前景良好的股票后，不要忘记投资的黄金法则。保持小损失可以让你长期保持投资游戏。</blockquote></p><p> Yet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.</p><p><blockquote>然而，在这一点上，AMC从anIBD风格的切入点急剧扩展。继续观察是否会形成新的基地；这可能会创造一个新的突破机会。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157991918","content_text":"AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.\n\nGoing to the movies is exciting. But can it match the action byAMC Entertainment(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.\nShares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.\nGiven extraordinary gains since late May, is it perhaps time to take some profits off the table? After all, the May rally carries theelements of a climax run. Or is it a buy now?\nThis story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.\nConsider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.\nFollowing the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"\nSome of that money could also go toward paying down debt.\nAMC Stock: Do You Have An Exit Strategy?\nSome observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.\nOn May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.\nEarlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or tradingGameStop(GME), you likely were also keeping close tabs on AMC Entertainment.\nAre The Shorts Covering AMC Stock?\nWhen a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.\nAccording to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —  is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.\nStill, short sellers had clearly been betting big on a future decline.\nTheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.\nSince late January, AMC stock has followed an extreme zigzag path. Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.\nWeek to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.\nWill AMC Stock Keep Rallying In The Long Term?\nWithout a doubt, investors long in AMC are betting on a turnaround in fortunes.\nIn 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.\nBut as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.\nAnalysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.\nWall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.\nWith big sales expected to arrive, you can expect cash flows to greatly improve.\nKey IBD Ratings\nThe last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.\nFor now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).\nMeanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.\nAMC Stock Forecast\nWhen choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.\nHowever, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.\nA 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.\nPlus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.\nThe RS line, drawn in blue, compares a stock or ETF's moves vs. the S&P 500.\nWhen a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.\nIn essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.\nConclusion: Is It A Buy Now? Or A Sell?\nIn effect,AMC stockhas staged astrong breakouttwice last week.\nFirst, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.\nThe5% buy zonegoes up to 15.37, so the stock quickly got extended.\nAs always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.\nIn stock investing, you want the wind at your back, not in your face.\nLast month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.\nTo get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.\nAnd after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.\nYet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189192692,"gmtCreate":1623247298316,"gmtModify":1634035390632,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Let’s see market today","listText":"Let’s see market today","text":"Let’s see market today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189192692","isVote":1,"tweetType":1,"viewCount":2164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100353399,"gmtCreate":1619583461111,"gmtModify":1634211560238,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Nice one. Good prospect for investing&nbsp;","listText":"Nice one. Good prospect for investing&nbsp;","text":"Nice one. Good prospect for investing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100353399","repostId":"1157971960","repostType":4,"isVote":1,"tweetType":1,"viewCount":1980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371999927,"gmtCreate":1618898655269,"gmtModify":1634290041913,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Always check on the Value!","listText":"Always check on the Value!","text":"Always check on the Value!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371999927","repostId":"1110962984","repostType":2,"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373311845,"gmtCreate":1618821174387,"gmtModify":1634290692274,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Step back for a while and position well for entry point&nbsp;","listText":"Step back for a while and position well for entry point&nbsp;","text":"Step back for a while and position well for entry point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373311845","repostId":"2128868471","repostType":4,"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373313467,"gmtCreate":1618821145359,"gmtModify":1631885489808,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Time to plan and strategize to enter while low&nbsp;","listText":"Time to plan and strategize to enter while low&nbsp;","text":"Time to plan and strategize to enter while low","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373313467","repostId":"1131815435","repostType":4,"isVote":1,"tweetType":1,"viewCount":1274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370079466,"gmtCreate":1618539155755,"gmtModify":1634292222381,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Chips production crunch&nbsp;is stopping the development of all high tech items. Who will be the market player in future? Raw material supplier? Or theproduction players?&nbsp;","listText":"Chips production crunch&nbsp;is stopping the development of all high tech items. Who will be the market player in future? Raw material supplier? Or theproduction players?&nbsp;","text":"Chips production crunch is stopping the development of all high tech items. Who will be the market player in future? Raw material supplier? Or theproduction players?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370079466","repostId":"1156256429","repostType":4,"repost":{"id":"1156256429","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618495767,"share":"https://www.laohunote.com/m/news/1156256429?lang=zh_CN&edition=full","pubTime":"2021-04-15 22:09","market":"us","language":"en","title":"Chinese electric vehicle stocks  fell sharply<blockquote>中国电动汽车股大幅下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156256429","media":"Tiger Newspress","summary":" Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.Here are highlights from Monday’s Analyst Blog:Chinese Auto","content":"<p>(April 15)&nbsp;Chinese&nbsp;electric vehicle stocks fell sharply.&nbsp;Xpeng Motors&nbsp;fell&nbsp;about&nbsp;6%,&nbsp;NIO&nbsp;fell&nbsp;about&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;more&nbsp;than&nbsp;7%.</p><p><blockquote>（4月15日）中国电动汽车股大幅下跌。小鹏汽车跌约6%，蔚来跌约5%，理想跌超7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/dbaf16ea0d1c0365c2cd923a7641e5c1\" tg-width=\"313\" tg-height=\"165\" referrerpolicy=\"no-referrer\">Days&nbsp;ago,&nbsp;Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.</p><p><blockquote>几天前，Zacks.com 公布了分析师博客中的股票列表。Zacks Equity Research 分析师每天都会讨论影响股票和金融市场的最新新闻和事件。最近在博客中介绍的股票包括：比亚迪有限公司BYDDY、蔚来蔚来、理想汽车LI和小鹏汽车XPEV。</blockquote></p><p>Here are highlights from Monday’s Analyst Blog:<i>Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?</i></p><p><blockquote>以下是周一分析师博客的要点：<i>中国汽车销售走上快车道——会遇到减速带吗？</i></blockquote></p><p>Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.</p><p><blockquote>根据中国汽车工业协会（“中国汽车工业协会”）的数据，3月份中国汽车销量连续第12个月飙升至253万辆。与 2020 年同期相比，销量飙升了 75%，当时该国的汽车需求受到了冠状病毒的严重打击。</blockquote></p><p>Digging Into Sales Numbers</p><p><blockquote>挖掘销售数字</blockquote></p><p>For the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.</p><p><blockquote>2021年第一季度，销量同比飙升76%，达到648万辆。这一大幅增长是由于 COVID-19 影响的严重程度较低，这限制了去年同期的展厅客流量。</blockquote></p><p>In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.</p><p><blockquote>事实上，中国汽车制造商在 2020 年 1 月至 3 月期间遭遇了有史以来最惨淡的季度。然而，由于政府的支持性政策、经济活动的逐步重新开放以及被压抑的汽车需求，中国现在处于全球汽车市场复苏的前沿。</blockquote></p><p>Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.</p><p><blockquote>2021年3月，包括运动型多用途车、轿车和多用途车在内的新型轻型汽车的交付量增长了77%，超过187万辆。包括皮卡和公共汽车在内的商用车交付量同比增长 68%，达到 651,000 辆。电动汽车销量同比增长 240%，达到 226,000 辆。</blockquote></p><p>New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.</p><p><blockquote>2021 年第一季度新轻型汽车交付量较去年同期增长 75%，达到 508 万辆。商用车和电动汽车销量同比分别增长77%和280%，达到141万辆和51.5万辆。</blockquote></p><p>China EV Market on Fire, Competition Revs Up</p><p><blockquote>中国电动汽车市场火热，竞争加剧</blockquote></p><p>Demand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.</p><p><blockquote>由于气候变化问题和有利的政府政策，对新能源汽车（NEV）的需求一直在上升。重要的是，该国预计到 2025 年电动汽车 (EV) 将占新车销量的 25%。</blockquote></p><p>Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.</p><p><blockquote>去年四月，中国政府宣布计划将电动或插电式混合动力汽车等新能源汽车的补贴和税收减免再延长两年，以刺激销售。在有利的政府政策以及消费者信心和经济改善的推动下，中国--全球最大的电动汽车市场--零排放汽车销售强劲。</blockquote></p><p>China-based EV makers including<b>BYD Co</b>,<b>NIO</b>,<b>Li Auto</b>and<b>XPeng</b>registered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.</p><p><blockquote>中国电动汽车制造商包括<b>比亚迪公司</b>,<b>蔚来</b>,<b>理想汽车</b>和<b>小鹏</b>上个月电动汽车销量强劲。沃伦·巴菲特支持的比亚迪3月份售出24,218辆电动汽车，同比增长97.6%。</blockquote></p><p>NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can see<b>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</b>.</p><p><blockquote>蔚来目前 Zacks 排名第三（持有），上个月交付了 7,257 辆电动汽车，同比飙升 373%。电动汽车制造商理想汽车和小鹏汽车交付了4,900辆和5,102辆汽车，同比分别增长238.6%和384%。你可以看到<b>点击此处查看今日 Zacks 排名第一（强力买入）股票的完整列表</b>.</blockquote></p><p>Foreign carmakers including<b>Tesla</b>,<b>GM</b>and<b>Ford</b>are also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.</p><p><blockquote>外国汽车制造商包括<b>特斯拉</b>,<b>通用汽车</b>和<b>福特</b>还录得强劲的销售，并积极扩大在该国的业务。根据中国乘用车协会的数据，电动汽车巨头特斯拉上个月售出了 35,478 辆中国制造的汽车。得益于上海超级工厂的强劲生产，该公司在中国电动汽车市场占据了巨大的市场份额。</blockquote></p><p>Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.</p><p><blockquote>2021年第一季度，福特和通用汽车在中国的整体汽车销量同比分别增长73%和69%。通用汽车正在加快在中国开发先进技术，以实现全电动的未来。</blockquote></p><p>The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.</p><p><blockquote>该公司在中国的下一代电动汽车（所有品牌）将由 Ultium Drive 提供动力。值得注意的是，凯迪拉克 LYRIQ SUV 将是本月晚些时候在 2021 年上海车展上在中国推出的首款搭载 Ultium 动力的汽车。</blockquote></p><p>Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.</p><p><blockquote>重要的是，通用汽车公司五菱品牌旗下的宏光迷你电动汽车在 2021 年第一季度的销量超过了 7.2 万辆，继续保持着全国最畅销绿色汽车的地位。与此同时，福特将与其合资企业长安福特在中国生产电动野马 Mach-E。</blockquote></p><p>Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.</p><p><blockquote>随着需求飙升，中国电动汽车市场的竞争正在白热化。即使补贴将于 2022 年结束，随着新的新贵、传统汽车制造商和科技巨头进军该领域，中国的电动汽车之战仍日益激烈。</blockquote></p><p></p><p>A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.</p><p><blockquote>几天前，中国领先的智能手机制造商小米宣布，将在未来 10 年内投资 100 亿美元开发电动汽车。该公司打算成立一家全资子公司，初始投资约为15亿美元。</blockquote></p><p>Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.</p><p><blockquote>打车平台滴滴出行也推出了电动汽车部门，并与比亚迪合作开发专为其服务设计的电动汽车。电信设备巨头华为科技也计划推出其品牌的电动汽车，并可能在今年推出几款车型。搜索引擎巨头百度也宣布计划在一月份推出电动汽车业务。</blockquote></p><p>Chip Deficit to Play Spoilsport</p><p><blockquote>筹码短缺将玩剧透运动</blockquote></p><p>While China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.</p><p><blockquote>虽然中国汽车销量已经强劲反弹，但在全球芯片紧缩的情况下，复苏能否持续？嗯，CAAM已经警告说，芯片短缺将在2021年第二季度对该国的汽车生产产生不利影响。该机构预计缺口要到今年第四季度才会缓解。</blockquote></p><p>Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.</p><p><blockquote>尽管中国是最大的汽车市场，但它严重依赖芯片进口，并且是半导体的最大买家。在芯片短缺的情况下，汽车制造商正在争先恐后地采购半导体，这迫使他们减产并闲置工厂。由于微芯片短缺，蔚来从 3 月 29 日开始关闭运营五天。吉利控股旗下的沃尔沃汽车上个月也停产。在无法快速解决这一芯片问题的情况下，中国汽车行业的复苏可能很快就会失去动力。</blockquote></p><p>These Stocks Are Poised to Soar Past the Pandemic</p><p><blockquote>这些股票有望在疫情过后飙升</blockquote></p><p>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p><blockquote>新冠肺炎 (COVID-19) 的爆发极大地改变了消费者的行为，一些高科技公司也挺身而出，以维持美国的运转。目前，这些公司的投资者有机会获得丰厚的利润。例如，Zoom 在不到 4 个月的时间里上涨了 108.5%，而大多数其他股票都在下跌。</blockquote></p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</p><p><blockquote>我们的研究表明，由于 “宅在家里 ”技术需求的指数级增长，5 只尖端股票可能会暴涨。这可能是这十年来最大的买入机会之一，尤其是对于那些提前入场的人来说。</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>Chinese electric vehicle stocks  fell sharply<blockquote>中国电动汽车股大幅下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese electric vehicle stocks  fell sharply<blockquote>中国电动汽车股大幅下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-15 22:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April 15)&nbsp;Chinese&nbsp;electric vehicle stocks fell sharply.&nbsp;Xpeng Motors&nbsp;fell&nbsp;about&nbsp;6%,&nbsp;NIO&nbsp;fell&nbsp;about&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;more&nbsp;than&nbsp;7%.</p><p><blockquote>（4月15日）中国电动汽车股大幅下跌。小鹏汽车跌约6%，蔚来跌约5%，理想跌超7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/dbaf16ea0d1c0365c2cd923a7641e5c1\" tg-width=\"313\" tg-height=\"165\" referrerpolicy=\"no-referrer\">Days&nbsp;ago,&nbsp;Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.</p><p><blockquote>几天前，Zacks.com 公布了分析师博客中的股票列表。Zacks Equity Research 分析师每天都会讨论影响股票和金融市场的最新新闻和事件。最近在博客中介绍的股票包括：比亚迪有限公司BYDDY、蔚来蔚来、理想汽车LI和小鹏汽车XPEV。</blockquote></p><p>Here are highlights from Monday’s Analyst Blog:<i>Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?</i></p><p><blockquote>以下是周一分析师博客的要点：<i>中国汽车销售走上快车道——会遇到减速带吗？</i></blockquote></p><p>Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.</p><p><blockquote>根据中国汽车工业协会（“中国汽车工业协会”）的数据，3月份中国汽车销量连续第12个月飙升至253万辆。与 2020 年同期相比，销量飙升了 75%，当时该国的汽车需求受到了冠状病毒的严重打击。</blockquote></p><p>Digging Into Sales Numbers</p><p><blockquote>挖掘销售数字</blockquote></p><p>For the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.</p><p><blockquote>2021年第一季度，销量同比飙升76%，达到648万辆。这一大幅增长是由于 COVID-19 影响的严重程度较低，这限制了去年同期的展厅客流量。</blockquote></p><p>In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.</p><p><blockquote>事实上，中国汽车制造商在 2020 年 1 月至 3 月期间遭遇了有史以来最惨淡的季度。然而，由于政府的支持性政策、经济活动的逐步重新开放以及被压抑的汽车需求，中国现在处于全球汽车市场复苏的前沿。</blockquote></p><p>Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.</p><p><blockquote>2021年3月，包括运动型多用途车、轿车和多用途车在内的新型轻型汽车的交付量增长了77%，超过187万辆。包括皮卡和公共汽车在内的商用车交付量同比增长 68%，达到 651,000 辆。电动汽车销量同比增长 240%，达到 226,000 辆。</blockquote></p><p>New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.</p><p><blockquote>2021 年第一季度新轻型汽车交付量较去年同期增长 75%，达到 508 万辆。商用车和电动汽车销量同比分别增长77%和280%，达到141万辆和51.5万辆。</blockquote></p><p>China EV Market on Fire, Competition Revs Up</p><p><blockquote>中国电动汽车市场火热，竞争加剧</blockquote></p><p>Demand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.</p><p><blockquote>由于气候变化问题和有利的政府政策，对新能源汽车（NEV）的需求一直在上升。重要的是，该国预计到 2025 年电动汽车 (EV) 将占新车销量的 25%。</blockquote></p><p>Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.</p><p><blockquote>去年四月，中国政府宣布计划将电动或插电式混合动力汽车等新能源汽车的补贴和税收减免再延长两年，以刺激销售。在有利的政府政策以及消费者信心和经济改善的推动下，中国--全球最大的电动汽车市场--零排放汽车销售强劲。</blockquote></p><p>China-based EV makers including<b>BYD Co</b>,<b>NIO</b>,<b>Li Auto</b>and<b>XPeng</b>registered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.</p><p><blockquote>中国电动汽车制造商包括<b>比亚迪公司</b>,<b>蔚来</b>,<b>理想汽车</b>和<b>小鹏</b>上个月电动汽车销量强劲。沃伦·巴菲特支持的比亚迪3月份售出24,218辆电动汽车，同比增长97.6%。</blockquote></p><p>NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can see<b>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</b>.</p><p><blockquote>蔚来目前 Zacks 排名第三（持有），上个月交付了 7,257 辆电动汽车，同比飙升 373%。电动汽车制造商理想汽车和小鹏汽车交付了4,900辆和5,102辆汽车，同比分别增长238.6%和384%。你可以看到<b>点击此处查看今日 Zacks 排名第一（强力买入）股票的完整列表</b>.</blockquote></p><p>Foreign carmakers including<b>Tesla</b>,<b>GM</b>and<b>Ford</b>are also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.</p><p><blockquote>外国汽车制造商包括<b>特斯拉</b>,<b>通用汽车</b>和<b>福特</b>还录得强劲的销售，并积极扩大在该国的业务。根据中国乘用车协会的数据，电动汽车巨头特斯拉上个月售出了 35,478 辆中国制造的汽车。得益于上海超级工厂的强劲生产，该公司在中国电动汽车市场占据了巨大的市场份额。</blockquote></p><p>Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.</p><p><blockquote>2021年第一季度，福特和通用汽车在中国的整体汽车销量同比分别增长73%和69%。通用汽车正在加快在中国开发先进技术，以实现全电动的未来。</blockquote></p><p>The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.</p><p><blockquote>该公司在中国的下一代电动汽车（所有品牌）将由 Ultium Drive 提供动力。值得注意的是，凯迪拉克 LYRIQ SUV 将是本月晚些时候在 2021 年上海车展上在中国推出的首款搭载 Ultium 动力的汽车。</blockquote></p><p>Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.</p><p><blockquote>重要的是，通用汽车公司五菱品牌旗下的宏光迷你电动汽车在 2021 年第一季度的销量超过了 7.2 万辆，继续保持着全国最畅销绿色汽车的地位。与此同时，福特将与其合资企业长安福特在中国生产电动野马 Mach-E。</blockquote></p><p>Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.</p><p><blockquote>随着需求飙升，中国电动汽车市场的竞争正在白热化。即使补贴将于 2022 年结束，随着新的新贵、传统汽车制造商和科技巨头进军该领域，中国的电动汽车之战仍日益激烈。</blockquote></p><p></p><p>A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.</p><p><blockquote>几天前，中国领先的智能手机制造商小米宣布，将在未来 10 年内投资 100 亿美元开发电动汽车。该公司打算成立一家全资子公司，初始投资约为15亿美元。</blockquote></p><p>Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.</p><p><blockquote>打车平台滴滴出行也推出了电动汽车部门，并与比亚迪合作开发专为其服务设计的电动汽车。电信设备巨头华为科技也计划推出其品牌的电动汽车，并可能在今年推出几款车型。搜索引擎巨头百度也宣布计划在一月份推出电动汽车业务。</blockquote></p><p>Chip Deficit to Play Spoilsport</p><p><blockquote>筹码短缺将玩剧透运动</blockquote></p><p>While China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.</p><p><blockquote>虽然中国汽车销量已经强劲反弹，但在全球芯片紧缩的情况下，复苏能否持续？嗯，CAAM已经警告说，芯片短缺将在2021年第二季度对该国的汽车生产产生不利影响。该机构预计缺口要到今年第四季度才会缓解。</blockquote></p><p>Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.</p><p><blockquote>尽管中国是最大的汽车市场，但它严重依赖芯片进口，并且是半导体的最大买家。在芯片短缺的情况下，汽车制造商正在争先恐后地采购半导体，这迫使他们减产并闲置工厂。由于微芯片短缺，蔚来从 3 月 29 日开始关闭运营五天。吉利控股旗下的沃尔沃汽车上个月也停产。在无法快速解决这一芯片问题的情况下，中国汽车行业的复苏可能很快就会失去动力。</blockquote></p><p>These Stocks Are Poised to Soar Past the Pandemic</p><p><blockquote>这些股票有望在疫情过后飙升</blockquote></p><p>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p><blockquote>新冠肺炎 (COVID-19) 的爆发极大地改变了消费者的行为，一些高科技公司也挺身而出，以维持美国的运转。目前，这些公司的投资者有机会获得丰厚的利润。例如，Zoom 在不到 4 个月的时间里上涨了 108.5%，而大多数其他股票都在下跌。</blockquote></p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</p><p><blockquote>我们的研究表明，由于 “宅在家里 ”技术需求的指数级增长，5 只尖端股票可能会暴涨。这可能是这十年来最大的买入机会之一，尤其是对于那些提前入场的人来说。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","XPEV":"小鹏集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156256429","content_text":"(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.Here are highlights from Monday’s Analyst Blog:Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.Digging Into Sales NumbersFor the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.China EV Market on Fire, Competition Revs UpDemand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.China-based EV makers includingBYD Co,NIO,Li AutoandXPengregistered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Foreign carmakers includingTesla,GMandFordare also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.Chip Deficit to Play SpoilsportWhile China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.","news_type":1,"symbols_score_info":{"NIO":0.9,"XPEV":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344036453,"gmtCreate":1618359415272,"gmtModify":1634293520339,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Only higher. Never highest&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Only higher. Never highest&nbsp;","text":"$Tesla Motors(TSLA)$Only higher. Never highest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/344036453","isVote":1,"tweetType":1,"viewCount":1011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349719916,"gmtCreate":1617637520535,"gmtModify":1634297380060,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Guess we will see the movement after May&nbsp;","listText":"Guess we will see the movement after May&nbsp;","text":"Guess we will see the movement after May","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349719916","repostId":"1167453696","repostType":4,"isVote":1,"tweetType":1,"viewCount":1178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349612394,"gmtCreate":1617602644918,"gmtModify":1634297644429,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Another good income stream for the company prospect !&nbsp;","listText":"Another good income stream for the company prospect !&nbsp;","text":"Another good income stream for the company prospect !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349612394","repostId":"2124602755","repostType":2,"repost":{"id":"2124602755","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617378951,"share":"https://www.laohunote.com/m/news/2124602755?lang=zh_CN&edition=full","pubTime":"2021-04-02 23:55","market":"sh","language":"en","title":"BRIEF-BYD Will Start Selling In-Vehicle Batteries To Other Companies As Early As Second Half Of This Year- Nikkei<blockquote>比亚迪最早将于今年下半年开始向其他公司销售车载电池 - 日经新闻</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2124602755","media":"Reuters","summary":"April 2 (Reuters) -    * BYD WILL START SELLING IN-VEHICLE BATTERIES TO OTHER COMPANIES AS EARLY AS ","content":"<p><html><body>April 2 (Reuters) - </p><p><blockquote><html><body>4月2日（路透社）-</body></html></blockquote></p><p>   * BYD WILL START SELLING IN-VEHICLE BATTERIES TO OTHER COMPANIES AS EARLY AS SECOND HALF OF THIS YEAR- NIKKEI</p><p><blockquote>*比亚迪最早将于今年下半年开始向其他公司销售车载电池 - 日经新闻</blockquote></p><p>Source text: </p><p><blockquote>源文本：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-BYD Will Start Selling In-Vehicle Batteries To Other Companies As Early As Second Half Of This Year- Nikkei<blockquote>比亚迪最早将于今年下半年开始向其他公司销售车载电池 - 日经新闻</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\">\nBRIEF-BYD Will Start Selling In-Vehicle Batteries To Other Companies As Early As Second Half Of This Year- Nikkei<blockquote>比亚迪最早将于今年下半年开始向其他公司销售车载电池 - 日经新闻</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-04-02 23:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>April 2 (Reuters) - </p><p><blockquote><html><body>4月2日（路透社）-</body></html></blockquote></p><p>   * BYD WILL START SELLING IN-VEHICLE BATTERIES TO OTHER COMPANIES AS EARLY AS SECOND HALF OF THIS YEAR- NIKKEI</p><p><blockquote>*比亚迪最早将于今年下半年开始向其他公司销售车载电池 - 日经新闻</blockquote></p><p>Source text: </p><p><blockquote>源文本：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01211":"比亚迪股份"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124602755","content_text":"April 2 (Reuters) -    * BYD WILL START SELLING IN-VEHICLE BATTERIES TO OTHER COMPANIES AS EARLY AS SECOND HALF OF THIS YEAR- NIKKEISource text:  ((Reuters.Briefs@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"01211":0.9}},"isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357029746,"gmtCreate":1617210556485,"gmtModify":1634522017869,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Gotta study Tesla.","listText":"Gotta study Tesla.","text":"Gotta study Tesla.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/357029746","isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":357029746,"gmtCreate":1617210556485,"gmtModify":1634522017869,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Gotta study Tesla.","listText":"Gotta study Tesla.","text":"Gotta study Tesla.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/357029746","isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185215048,"gmtCreate":1623652744584,"gmtModify":1634030608011,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":2,"link":"https://laohu8.com/post/185215048","repostId":"1105297799","repostType":4,"isVote":1,"tweetType":1,"viewCount":2486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160164565,"gmtCreate":1623775398157,"gmtModify":1634028387105,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Let’s do it&nbsp;","listText":"Let’s do it&nbsp;","text":"Let’s do it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/160164565","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohunote.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论市场奇怪的夏季低迷将 VIX 推至新冠疫情爆发以来的最低水平时，我们表示，这段异常的市场平静时期可能会持续到本周五的四女巫，届时大量伽马和德尔塔到期并被消除风险，在消除天然下行股票缓冲的过程中（参见“市场低迷以下周五的 Op-Ex 结束的 4 个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基-菲什曼（Rocky Fishman）在谈到周五可能影响市场的运营支出时，对即将到期的 6 月份的运营支出进行了预览，他称之为 “规模庞大，堪比典型的季度”。具体而言，<b>周五有 1.8 万亿美元的 SPX 期权到期，此外还有 2400 亿美元的SPDR标普500指数ETF期权以及 2000 亿美元的 SPX 和 SPX E-mini 期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，在当前现货 10% 以内的到期期权数量比过去十年中任何一个季度都少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，组合账户<b>对于 15-20% 的 SPX 期权，</b>因此，调整后的未平仓合约总额将达到 1.5 万亿美元，仍远高于到期单只股票未平仓合约总额（7750 亿美元）。此外，由于股市处于历史高位，预计6月份的大部分未平仓合约将低于当前SPX现货价格。如下图所示，双峰位于3900和4150。这意味着周五之后，这些点周围可能会有一定的“反”引力，直到伽马射线被重新填充。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>高盛策略师随后解释了他认为已实现市场交易量异常低水平的情况，并指出——正如我们上周讨论的那样——这与长期定位是一致的。考虑一下SPX<b>过去 13 个交易日的实现波动率仅为 5.1%，为 2019 年以来最低的 13 天实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC 上周的合约量是单只股票中最高的（但名义成交量为 70 亿美元/天，远低于 AMZN 领先的 1200 亿美元/天），同期已实现成交量的近 400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的查理·麦切利戈特上周首次指出的那样，高盛的衍生品团队同意<b>SPX 极低的实现波动率与 6 月 18 日多头指数 gamma 离开 “街头 ”的可能性是一致的，在这种情况下，Fishman 呼应了我们上周所说的，即 “一旦头寸更加干净，实现波动率可能会上升”。</b>与此同时，SPX 的 VIX 期货贝塔系数上升表明，如果市场抛售，投资者预计短期伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录库存挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由零售驱动的所有单一股票期权活动中所占的比例很大，以及零售活动的预测价值，都提高了人们对单一股票期权市场的关注度。最近单一股票期权活动的增长集中在低股价股票，导致过去两周的合约交易量中的股价与名义交易量不符。在根据股票市场规模调整名义成交量时，高盛发现，过去两周单只股票成交量实际上一直处于 2021 年区间的低点，这意味着最新的涨幅几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是，高盛观察到，短期 SPX 期权（每周）和远离季度的趋势仍在继续，这与零售参与交易的不断增长是一致的。这也是为什么周五 SPX 到期日小于近期许多季度的原因之一，也是为什么随着到期日的临近，其交易量一直在下降。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛解释的那样，投资者越来越多地采用 SPX 到期日的完整日历，包括每周一和周三的到期日，因为他们会根据事件调整自己的观点。其实，<b>第三个星期五到期的 SPX 期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单只股票交易量： 高盛提出了一个观点--“如果做市商无法覆盖散户投资者购买看涨期权产生的单只股票空头范围，他们可能会积极交易一系列超短期 SPX 指数期权的多头头寸，以抵消这一范围”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称，“最卖空的名称”，散户投资者正在迎来整个市场的非正统平静期!</b></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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五 2 万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论市场奇怪的夏季低迷将 VIX 推至新冠疫情爆发以来的最低水平时，我们表示，这段异常的市场平静时期可能会持续到本周五的四女巫，届时大量伽马和德尔塔到期并被消除风险，在消除天然下行股票缓冲的过程中（参见“市场低迷以下周五的 Op-Ex 结束的 4 个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基-菲什曼（Rocky Fishman）在谈到周五可能影响市场的运营支出时，对即将到期的 6 月份的运营支出进行了预览，他称之为 “规模庞大，堪比典型的季度”。具体而言，<b>周五有 1.8 万亿美元的 SPX 期权到期，此外还有 2400 亿美元的SPDR标普500指数ETF期权以及 2000 亿美元的 SPX 和 SPX E-mini 期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，在当前现货 10% 以内的到期期权数量比过去十年中任何一个季度都少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，组合账户<b>对于 15-20% 的 SPX 期权，</b>因此，调整后的未平仓合约总额将达到 1.5 万亿美元，仍远高于到期单只股票未平仓合约总额（7750 亿美元）。此外，由于股市处于历史高位，预计6月份的大部分未平仓合约将低于当前SPX现货价格。如下图所示，双峰位于3900和4150。这意味着周五之后，这些点周围可能会有一定的“反”引力，直到伽马射线被重新填充。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>高盛策略师随后解释了他认为已实现市场交易量异常低水平的情况，并指出——正如我们上周讨论的那样——这与长期定位是一致的。考虑一下SPX<b>过去 13 个交易日的实现波动率仅为 5.1%，为 2019 年以来最低的 13 天实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC 上周的合约量是单只股票中最高的（但名义成交量为 70 亿美元/天，远低于 AMZN 领先的 1200 亿美元/天），同期已实现成交量的近 400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的查理·麦切利戈特上周首次指出的那样，高盛的衍生品团队同意<b>SPX 极低的实现波动率与 6 月 18 日多头指数 gamma 离开 “街头 ”的可能性是一致的，在这种情况下，Fishman 呼应了我们上周所说的，即 “一旦头寸更加干净，实现波动率可能会上升”。</b>与此同时，SPX 的 VIX 期货贝塔系数上升表明，如果市场抛售，投资者预计短期伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录库存挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由零售驱动的所有单一股票期权活动中所占的比例很大，以及零售活动的预测价值，都提高了人们对单一股票期权市场的关注度。最近单一股票期权活动的增长集中在低股价股票，导致过去两周的合约交易量中的股价与名义交易量不符。在根据股票市场规模调整名义成交量时，高盛发现，过去两周单只股票成交量实际上一直处于 2021 年区间的低点，这意味着最新的涨幅几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是，高盛观察到，短期 SPX 期权（每周）和远离季度的趋势仍在继续，这与零售参与交易的不断增长是一致的。这也是为什么周五 SPX 到期日小于近期许多季度的原因之一，也是为什么随着到期日的临近，其交易量一直在下降。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛解释的那样，投资者越来越多地采用 SPX 到期日的完整日历，包括每周一和周三的到期日，因为他们会根据事件调整自己的观点。其实，<b>第三个星期五到期的 SPX 期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单只股票交易量： 高盛提出了一个观点--“如果做市商无法覆盖散户投资者购买看涨期权产生的单只股票空头范围，他们可能会积极交易一系列超短期 SPX 指数期权的多头头寸，以抵消这一范围”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称，“最卖空的名称”，散户投资者正在迎来整个市场的非正统平静期!</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2017,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189110903,"gmtCreate":1623247612602,"gmtModify":1634035382488,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"☺️","listText":"☺️","text":"☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/189110903","repostId":"1109652850","repostType":4,"isVote":1,"tweetType":1,"viewCount":2002,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189195406,"gmtCreate":1623247319605,"gmtModify":1634035389640,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Aiyo","listText":"Aiyo","text":"Aiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/189195406","repostId":"1157991918","repostType":4,"repost":{"id":"1157991918","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623246947,"share":"https://www.laohunote.com/m/news/1157991918?lang=zh_CN&edition=full","pubTime":"2021-06-09 21:55","market":"us","language":"en","title":"AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157991918","media":"Tiger Newspress","summary":"AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, S","content":"<p>AMC dropped over 10% in morning trading.&nbsp;Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.</p><p><blockquote>AMC 早盘交易中下跌超过 10%。 AMC 股票现在是买入还是卖出？以下是基本面、股票图表走势、共同基金所有权指标所说的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c561ed81664985f5ab7c28caf5b1626\" tg-width=\"323\" tg-height=\"321\"></p><p><blockquote></blockquote></p><p> Going to the movies is exciting. But can it match the action by<b>AMC Entertainment</b>(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.</p><p><blockquote>去看电影很令人兴奋。但是它能通过以下方式匹配动作吗<b>AMC院线</b>（AMC）？今年年初，AMC 股价仅为每股 2 美元，上周飙升超过 36 倍，创下历史新高。</blockquote></p><p> Shares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.</p><p><blockquote>周四，有消息称该公司计划出售最多 1155 万股股票，约占已发行普通股总数的 2.6%，股价一度下跌超过 30%。AMC随后宣布完成发行，筹集5.87亿美元。但最近几天，该股坚挺，相对于过去一周的一些重大日常波动，该股表现出看涨的内部走势。</blockquote></p><p> Given extraordinary gains since late May, is it perhaps time to take some profits off the table?&nbsp;After all, the May rally carries theelements of a climax run. Or is it a buy now?</p><p><blockquote>鉴于自五月下旬以来的非凡收益，也许是时候将一些利润从桌面上移除了？毕竟，五月的集会带有高潮运行的元素。还是现在就买？</blockquote></p><p> This story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.</p><p><blockquote>这个故事考察了基本面、技术面和基金所有权因素，以确定堪萨斯州利伍德。，公司为股票交易者赚钱的概率很高。</blockquote></p><p> Consider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.</p><p><blockquote>考虑一下这个统计数据：在周三大幅上涨之前，在短短五个交易日（5 月 24 日至 28 日）内，AMC 上涨了 203%，达到周五盘中峰值 36.72，从而抹去了卖空者。AMC 股票几乎连续第二周上涨 100% 或以上。不可思议的。</blockquote></p><p> Following the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p><p><blockquote>在长阵亡将士纪念日假期周末之后，AMC 周二上涨近 23%，此前该公司宣布达成协议，以每股 27.15 美元的价格向 Mudrick Capital 出售 850 万股股票。AMC 表示，所得收益将用于“额外影院租赁的战略收购，以及增强 AMC 现有影院消费者吸引力的投资”。</blockquote></p><p> Some of that money could also go toward paying down debt.</p><p><blockquote>其中一些钱也可以用于偿还债务。</blockquote></p><p> AMC Stock: Do You Have An Exit Strategy?</p><p><blockquote>AMC 股票：您有退出策略吗？</blockquote></p><p> Some observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.</p><p><blockquote>一些观察人士对该公司巨额债务负担（截至 3 月 31 日，一年或更长时间内到期的借款为 54 亿美元）与资产负债表上的总资产（105 亿美元）相比表示担忧。</blockquote></p><p> On May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.</p><p><blockquote>5月24日，尽管有消息称其迄今为止最大的股东中国万达集团已出售其在AMC的大部分剩余股份，但该公司股价仍上涨了13%以上。</blockquote></p><p> Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or trading<b>GameStop</b>(GME), you likely were also keeping close tabs on AMC Entertainment.</p><p><blockquote>今年早些时候，Reddit 上的 WallStreetBets 聊天室交易员一致购买 AMC 股票并看涨看涨期权期权。他们在其他一些被严重卖空和陷入困境的公司中也做了同样的事情。如果您正在观看或交易<b>游戏驿站</b>（GME），你可能也在密切关注AMC院线。</blockquote></p><p> Are The Shorts Covering AMC Stock?</p><p><blockquote>空头涵盖 AMC 股票吗？</blockquote></p><p> When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p><p><blockquote>当一只股票显示出高水平的空头兴趣正在上涨时，你几乎可以指望会发生买入的连锁反应。为什么？卖空者押注股票下跌，往往不得不来个大转弯。他们通过回购股票来弥补空头头寸。</blockquote></p><p> According to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —&nbsp; is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.</p><p><blockquote>根据 MarketSmith 分析的最新数据，空头兴趣（即个人和专业投资者卖空的股票）目前是 AMC 股票日均成交量 1.32 亿股（约合 9200 万股）的 0.7 倍。这相当于该股总流通量的 20%——巨大。然而，每日股票成交量的急剧上升可能会扭曲这一数字。</blockquote></p><p> Still, short sellers had clearly been betting big on a future decline.</p><p><blockquote>尽管如此，卖空者显然一直在押注未来的下跌。</blockquote></p><p> TheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.</p><p><blockquote>《投资者商业日报》团队将密切关注最近空头兴趣下降的任何迹象。</blockquote></p><p> Since late January, AMC stock has followed an extreme zigzag path.&nbsp;Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p><p><blockquote>自1月下旬以来，AMC股票一直沿着一条极端的之字形路径。就在20.36的峰值后两周，AMC崩溃了。股价最低跌至5.26。随后出现了第二波巨大的买盘浪潮，使股价回到了低点。</blockquote></p><p> Week to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.</p><p><blockquote>该股（市值逐周回升至 250 亿美元，流通股数为 4.503 亿股，流通股数为 4.413 亿股）最近整体价格区间有所收窄。随着新基地的形成，这很好。</blockquote></p><p> Will AMC Stock Keep Rallying In The Long Term?</p><p><blockquote>AMC股票会长期持续上涨吗？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e13c3bc5de41e6ab81d88a5d9e269528\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">Without a doubt, investors long in AMC are betting on a turnaround in fortunes.</p><p><blockquote>毫无疑问，做多 AMC 的投资者押注于命运的好转。</blockquote></p><p> In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p><p><blockquote>2020年，AMC每股亏损16.15美元。过去五个季度，该公司的销售额与去年同期相比下降了 22% 至 99%。这样的结果通常会摧毁大多数公司。</blockquote></p><p> But as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.</p><p><blockquote>但随着全国各地的电影院开业并增加座位容量，华尔街寄希望于营收将大幅反弹。</blockquote></p><p> Analysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.</p><p><blockquote>FactSet 调查的分析师一致预计第二季度销售额为 3.75 亿美元，比去年同期的 1890 万美元增长 1,884%。然后，他们看到第三季度销售额又增长了561%，达到7.9亿美元，第四季度增长了575%，达到11亿美元。</blockquote></p><p></p><p> Wall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.</p><p><blockquote>华尔街预计 2021 年每股净亏损为 3.33 美元，与去年未经调整的 39.15 美元相去甚远。华尔街预计 2022 年净亏损将进一步收窄，至每股 96 美分。这两个估计都略有上调，这是一个看涨的迹象。</blockquote></p><p> With big sales expected to arrive, you can expect cash flows to greatly improve.</p><p><blockquote>随着大销售的到来，你可以期待现金流大大改善。</blockquote></p><p> Key IBD Ratings</p><p><blockquote>IBD 主要评级</blockquote></p><p> The last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.</p><p><blockquote>AMC 上一次支付股息是在 2020 年 3 月 23 日，每股普通股 3 美分。如果该公司恢复现金支付，股东可以按目前每股接近 14 美元的价格获得 0.9% 的年化收益率。</blockquote></p><p> For now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).</p><p><blockquote>目前，AMC 在 IBD 的许多专有评级中得分很低。在周一的交易中，它们包括 22 的每股收益评级，范围为 1 到 99；销售额+利润率+股本回报率（SMR）评级为E；以及 1（萎缩）到 99（神奇）范围内的 56 个综合评级。</blockquote></p><p> Meanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.</p><p><blockquote>与此同时，就六个月相对业绩而言，AMC 的电影产业集团在 IBD's197 产业集团中排名前半。体面，但不出众。截至 3 月底，持有 AMC 股份的共同基金增至 203 只，而 2020 年第四季度为 186 只。一些投资组合经理渴望积累股票。</blockquote></p><p> AMC Stock Forecast</p><p><blockquote>AMC 股票预测</blockquote></p><p> When choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p><p><blockquote>当根据 CAN SLIM 投资范式选择潜在收益最大的成长型股票时，当您关注综合评级为 90 或更高的股票时，您找到真正市场领导者的机会就会增加。瞄准 95 或更高，尤其是在新牛市开始时，甚至更好。</blockquote></p><p> However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p><p><blockquote>然而，鉴于 AMC 股票是一只扭亏为盈的股票，因此更加强调相对实力是有意义的。AMC 显然拥有这一点。</blockquote></p><p> A 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.</p><p><blockquote>在 1 到 99 的范围内，99 的相对强度评级意味着该公司的表现优于 IBD 数据库中 99% 的所有股票。长期表现强劲？确实。与此同时，积累/分配评级已跃升至 A 到 E 的最佳 A+ 等级。</blockquote></p><p> Plus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.</p><p><blockquote>另外，请注意周线图和 MarketSmith 上的相对强度线是如何波动的。</blockquote></p><p> The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&amp;P 500.</p><p><blockquote>用蓝色绘制的 RS 线将股票或 ETF 的走势与标普500进行比较。</blockquote></p><p> When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p><p><blockquote>当一只股票突破新的基础时，我更希望看到 RS 线也达到新的高点。这意味着一只股票现在的表现优于一般市场。</blockquote></p><p> In essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.</p><p><blockquote>从本质上讲，AMC 在过去两个月里创造了一个四四方方的杯状底座。这是足够的时间来形成固体杯图案。这种模式产生了比 3 月 18 日杯子左侧峰值 14.54 高出 10 美分的适当买入点。因此，就 AMC 股票而言，正确的条目是 14.64。您希望在突破时看到大量成交量。</blockquote></p><p> Conclusion: Is It A Buy Now? Or A Sell?</p><p><blockquote>结论：现在买入吗？还是出售？</blockquote></p><p> In effect,AMC stockhas staged astrong breakouttwice last week.</p><p><blockquote>事实上， AMC 股票上周两次出现强劲突破。</blockquote></p><p> First, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.</p><p><blockquote>首先，AMC 必须突破 14.64 才能成为新买入。5月18日的尝试是短暂的。然而，5 月 25 日 20% 的涨幅使股价突破了适当的买入点。</blockquote></p><p> The5% buy zonegoes up to 15.37, so the stock quickly got extended.</p><p><blockquote>5% 的买入区升至 15.37，因此该股很快就得到了延长。</blockquote></p><p> As always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p><p><blockquote>一如既往，控制你的风险。并非所有突破都有效，尤其是当股市上升趋势面临压力时。购买的最佳时机？当IBD注意到股市处于确认的上升趋势时，这意味着机构投资者的购买需求是健康的。</blockquote></p><p> In stock investing, you want the wind at your back, not in your face.</p><p><blockquote>在股票投资中，你希望风在你的背后，而不是在你的脸上。</blockquote></p><p> Last month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.</p><p><blockquote>上个月，这篇报道建议密切关注 AMC 股票如何应对 20 点附近的潜在上行阻力。事实上，自1月29日结束的那不可思议的一周以来的行动也可以被视为深度杯模式。从这个有利位置出发，AMC 实现了第二次突破，以 fury 的速度超过了新的 20.46 个买入点。</blockquote></p><p> To get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.</p><p><blockquote>要在没有手柄的acup中获得这个额外的条目，只需在杯子的左侧高度增加10美分——在这种情况下，是20.36。5月27日，股价突破了这一入口，并且没有回头。尽管如此，短短两周内涨幅高达 501%，锁定至少部分利润是有意义的。</blockquote></p><p> And after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.</p><p><blockquote>在您购买任何前景良好的股票后，不要忘记投资的黄金法则。保持小损失可以让你长期保持投资游戏。</blockquote></p><p> Yet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.</p><p><blockquote>然而，在这一点上，AMC从anIBD风格的切入点急剧扩展。继续观察是否会形成新的基地；这可能会创造一个新的突破机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?<blockquote>AMC 早盘交易中下跌超过 10%，AMC 股票现在是买入还是卖出？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-09 21:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC dropped over 10% in morning trading.&nbsp;Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.</p><p><blockquote>AMC 早盘交易中下跌超过 10%。 AMC 股票现在是买入还是卖出？以下是基本面、股票图表走势、共同基金所有权指标所说的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c561ed81664985f5ab7c28caf5b1626\" tg-width=\"323\" tg-height=\"321\"></p><p><blockquote></blockquote></p><p> Going to the movies is exciting. But can it match the action by<b>AMC Entertainment</b>(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.</p><p><blockquote>去看电影很令人兴奋。但是它能通过以下方式匹配动作吗<b>AMC院线</b>（AMC）？今年年初，AMC 股价仅为每股 2 美元，上周飙升超过 36 倍，创下历史新高。</blockquote></p><p> Shares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.</p><p><blockquote>周四，有消息称该公司计划出售最多 1155 万股股票，约占已发行普通股总数的 2.6%，股价一度下跌超过 30%。AMC随后宣布完成发行，筹集5.87亿美元。但最近几天，该股坚挺，相对于过去一周的一些重大日常波动，该股表现出看涨的内部走势。</blockquote></p><p> Given extraordinary gains since late May, is it perhaps time to take some profits off the table?&nbsp;After all, the May rally carries theelements of a climax run. Or is it a buy now?</p><p><blockquote>鉴于自五月下旬以来的非凡收益，也许是时候将一些利润从桌面上移除了？毕竟，五月的集会带有高潮运行的元素。还是现在就买？</blockquote></p><p> This story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.</p><p><blockquote>这个故事考察了基本面、技术面和基金所有权因素，以确定堪萨斯州利伍德。，公司为股票交易者赚钱的概率很高。</blockquote></p><p> Consider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.</p><p><blockquote>考虑一下这个统计数据：在周三大幅上涨之前，在短短五个交易日（5 月 24 日至 28 日）内，AMC 上涨了 203%，达到周五盘中峰值 36.72，从而抹去了卖空者。AMC 股票几乎连续第二周上涨 100% 或以上。不可思议的。</blockquote></p><p> Following the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p><p><blockquote>在长阵亡将士纪念日假期周末之后，AMC 周二上涨近 23%，此前该公司宣布达成协议，以每股 27.15 美元的价格向 Mudrick Capital 出售 850 万股股票。AMC 表示，所得收益将用于“额外影院租赁的战略收购，以及增强 AMC 现有影院消费者吸引力的投资”。</blockquote></p><p> Some of that money could also go toward paying down debt.</p><p><blockquote>其中一些钱也可以用于偿还债务。</blockquote></p><p> AMC Stock: Do You Have An Exit Strategy?</p><p><blockquote>AMC 股票：您有退出策略吗？</blockquote></p><p> Some observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.</p><p><blockquote>一些观察人士对该公司巨额债务负担（截至 3 月 31 日，一年或更长时间内到期的借款为 54 亿美元）与资产负债表上的总资产（105 亿美元）相比表示担忧。</blockquote></p><p> On May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.</p><p><blockquote>5月24日，尽管有消息称其迄今为止最大的股东中国万达集团已出售其在AMC的大部分剩余股份，但该公司股价仍上涨了13%以上。</blockquote></p><p> Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or trading<b>GameStop</b>(GME), you likely were also keeping close tabs on AMC Entertainment.</p><p><blockquote>今年早些时候，Reddit 上的 WallStreetBets 聊天室交易员一致购买 AMC 股票并看涨看涨期权期权。他们在其他一些被严重卖空和陷入困境的公司中也做了同样的事情。如果您正在观看或交易<b>游戏驿站</b>（GME），你可能也在密切关注AMC院线。</blockquote></p><p> Are The Shorts Covering AMC Stock?</p><p><blockquote>空头涵盖 AMC 股票吗？</blockquote></p><p> When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p><p><blockquote>当一只股票显示出高水平的空头兴趣正在上涨时，你几乎可以指望会发生买入的连锁反应。为什么？卖空者押注股票下跌，往往不得不来个大转弯。他们通过回购股票来弥补空头头寸。</blockquote></p><p> According to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —&nbsp; is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.</p><p><blockquote>根据 MarketSmith 分析的最新数据，空头兴趣（即个人和专业投资者卖空的股票）目前是 AMC 股票日均成交量 1.32 亿股（约合 9200 万股）的 0.7 倍。这相当于该股总流通量的 20%——巨大。然而，每日股票成交量的急剧上升可能会扭曲这一数字。</blockquote></p><p> Still, short sellers had clearly been betting big on a future decline.</p><p><blockquote>尽管如此，卖空者显然一直在押注未来的下跌。</blockquote></p><p> TheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.</p><p><blockquote>《投资者商业日报》团队将密切关注最近空头兴趣下降的任何迹象。</blockquote></p><p> Since late January, AMC stock has followed an extreme zigzag path.&nbsp;Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p><p><blockquote>自1月下旬以来，AMC股票一直沿着一条极端的之字形路径。就在20.36的峰值后两周，AMC崩溃了。股价最低跌至5.26。随后出现了第二波巨大的买盘浪潮，使股价回到了低点。</blockquote></p><p> Week to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.</p><p><blockquote>该股（市值逐周回升至 250 亿美元，流通股数为 4.503 亿股，流通股数为 4.413 亿股）最近整体价格区间有所收窄。随着新基地的形成，这很好。</blockquote></p><p> Will AMC Stock Keep Rallying In The Long Term?</p><p><blockquote>AMC股票会长期持续上涨吗？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e13c3bc5de41e6ab81d88a5d9e269528\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">Without a doubt, investors long in AMC are betting on a turnaround in fortunes.</p><p><blockquote>毫无疑问，做多 AMC 的投资者押注于命运的好转。</blockquote></p><p> In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p><p><blockquote>2020年，AMC每股亏损16.15美元。过去五个季度，该公司的销售额与去年同期相比下降了 22% 至 99%。这样的结果通常会摧毁大多数公司。</blockquote></p><p> But as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.</p><p><blockquote>但随着全国各地的电影院开业并增加座位容量，华尔街寄希望于营收将大幅反弹。</blockquote></p><p> Analysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.</p><p><blockquote>FactSet 调查的分析师一致预计第二季度销售额为 3.75 亿美元，比去年同期的 1890 万美元增长 1,884%。然后，他们看到第三季度销售额又增长了561%，达到7.9亿美元，第四季度增长了575%，达到11亿美元。</blockquote></p><p></p><p> Wall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.</p><p><blockquote>华尔街预计 2021 年每股净亏损为 3.33 美元，与去年未经调整的 39.15 美元相去甚远。华尔街预计 2022 年净亏损将进一步收窄，至每股 96 美分。这两个估计都略有上调，这是一个看涨的迹象。</blockquote></p><p> With big sales expected to arrive, you can expect cash flows to greatly improve.</p><p><blockquote>随着大销售的到来，你可以期待现金流大大改善。</blockquote></p><p> Key IBD Ratings</p><p><blockquote>IBD 主要评级</blockquote></p><p> The last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.</p><p><blockquote>AMC 上一次支付股息是在 2020 年 3 月 23 日，每股普通股 3 美分。如果该公司恢复现金支付，股东可以按目前每股接近 14 美元的价格获得 0.9% 的年化收益率。</blockquote></p><p> For now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).</p><p><blockquote>目前，AMC 在 IBD 的许多专有评级中得分很低。在周一的交易中，它们包括 22 的每股收益评级，范围为 1 到 99；销售额+利润率+股本回报率（SMR）评级为E；以及 1（萎缩）到 99（神奇）范围内的 56 个综合评级。</blockquote></p><p> Meanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.</p><p><blockquote>与此同时，就六个月相对业绩而言，AMC 的电影产业集团在 IBD's197 产业集团中排名前半。体面，但不出众。截至 3 月底，持有 AMC 股份的共同基金增至 203 只，而 2020 年第四季度为 186 只。一些投资组合经理渴望积累股票。</blockquote></p><p> AMC Stock Forecast</p><p><blockquote>AMC 股票预测</blockquote></p><p> When choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p><p><blockquote>当根据 CAN SLIM 投资范式选择潜在收益最大的成长型股票时，当您关注综合评级为 90 或更高的股票时，您找到真正市场领导者的机会就会增加。瞄准 95 或更高，尤其是在新牛市开始时，甚至更好。</blockquote></p><p> However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p><p><blockquote>然而，鉴于 AMC 股票是一只扭亏为盈的股票，因此更加强调相对实力是有意义的。AMC 显然拥有这一点。</blockquote></p><p> A 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.</p><p><blockquote>在 1 到 99 的范围内，99 的相对强度评级意味着该公司的表现优于 IBD 数据库中 99% 的所有股票。长期表现强劲？确实。与此同时，积累/分配评级已跃升至 A 到 E 的最佳 A+ 等级。</blockquote></p><p> Plus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.</p><p><blockquote>另外，请注意周线图和 MarketSmith 上的相对强度线是如何波动的。</blockquote></p><p> The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&amp;P 500.</p><p><blockquote>用蓝色绘制的 RS 线将股票或 ETF 的走势与标普500进行比较。</blockquote></p><p> When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p><p><blockquote>当一只股票突破新的基础时，我更希望看到 RS 线也达到新的高点。这意味着一只股票现在的表现优于一般市场。</blockquote></p><p> In essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.</p><p><blockquote>从本质上讲，AMC 在过去两个月里创造了一个四四方方的杯状底座。这是足够的时间来形成固体杯图案。这种模式产生了比 3 月 18 日杯子左侧峰值 14.54 高出 10 美分的适当买入点。因此，就 AMC 股票而言，正确的条目是 14.64。您希望在突破时看到大量成交量。</blockquote></p><p> Conclusion: Is It A Buy Now? Or A Sell?</p><p><blockquote>结论：现在买入吗？还是出售？</blockquote></p><p> In effect,AMC stockhas staged astrong breakouttwice last week.</p><p><blockquote>事实上， AMC 股票上周两次出现强劲突破。</blockquote></p><p> First, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.</p><p><blockquote>首先，AMC 必须突破 14.64 才能成为新买入。5月18日的尝试是短暂的。然而，5 月 25 日 20% 的涨幅使股价突破了适当的买入点。</blockquote></p><p> The5% buy zonegoes up to 15.37, so the stock quickly got extended.</p><p><blockquote>5% 的买入区升至 15.37，因此该股很快就得到了延长。</blockquote></p><p> As always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p><p><blockquote>一如既往，控制你的风险。并非所有突破都有效，尤其是当股市上升趋势面临压力时。购买的最佳时机？当IBD注意到股市处于确认的上升趋势时，这意味着机构投资者的购买需求是健康的。</blockquote></p><p> In stock investing, you want the wind at your back, not in your face.</p><p><blockquote>在股票投资中，你希望风在你的背后，而不是在你的脸上。</blockquote></p><p> Last month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.</p><p><blockquote>上个月，这篇报道建议密切关注 AMC 股票如何应对 20 点附近的潜在上行阻力。事实上，自1月29日结束的那不可思议的一周以来的行动也可以被视为深度杯模式。从这个有利位置出发，AMC 实现了第二次突破，以 fury 的速度超过了新的 20.46 个买入点。</blockquote></p><p> To get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.</p><p><blockquote>要在没有手柄的acup中获得这个额外的条目，只需在杯子的左侧高度增加10美分——在这种情况下，是20.36。5月27日，股价突破了这一入口，并且没有回头。尽管如此，短短两周内涨幅高达 501%，锁定至少部分利润是有意义的。</blockquote></p><p> And after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.</p><p><blockquote>在您购买任何前景良好的股票后，不要忘记投资的黄金法则。保持小损失可以让你长期保持投资游戏。</blockquote></p><p> Yet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.</p><p><blockquote>然而，在这一点上，AMC从anIBD风格的切入点急剧扩展。继续观察是否会形成新的基地；这可能会创造一个新的突破机会。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157991918","content_text":"AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.\n\nGoing to the movies is exciting. But can it match the action byAMC Entertainment(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.\nShares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.\nGiven extraordinary gains since late May, is it perhaps time to take some profits off the table? After all, the May rally carries theelements of a climax run. Or is it a buy now?\nThis story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.\nConsider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.\nFollowing the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"\nSome of that money could also go toward paying down debt.\nAMC Stock: Do You Have An Exit Strategy?\nSome observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.\nOn May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.\nEarlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or tradingGameStop(GME), you likely were also keeping close tabs on AMC Entertainment.\nAre The Shorts Covering AMC Stock?\nWhen a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.\nAccording to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —  is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.\nStill, short sellers had clearly been betting big on a future decline.\nTheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.\nSince late January, AMC stock has followed an extreme zigzag path. Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.\nWeek to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.\nWill AMC Stock Keep Rallying In The Long Term?\nWithout a doubt, investors long in AMC are betting on a turnaround in fortunes.\nIn 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.\nBut as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.\nAnalysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.\nWall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.\nWith big sales expected to arrive, you can expect cash flows to greatly improve.\nKey IBD Ratings\nThe last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.\nFor now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).\nMeanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.\nAMC Stock Forecast\nWhen choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.\nHowever, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.\nA 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.\nPlus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.\nThe RS line, drawn in blue, compares a stock or ETF's moves vs. the S&P 500.\nWhen a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.\nIn essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.\nConclusion: Is It A Buy Now? Or A Sell?\nIn effect,AMC stockhas staged astrong breakouttwice last week.\nFirst, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.\nThe5% buy zonegoes up to 15.37, so the stock quickly got extended.\nAs always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.\nIn stock investing, you want the wind at your back, not in your face.\nLast month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.\nTo get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.\nAnd after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.\nYet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344036453,"gmtCreate":1618359415272,"gmtModify":1634293520339,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Only higher. Never highest&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Only higher. Never highest&nbsp;","text":"$Tesla Motors(TSLA)$Only higher. Never highest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/344036453","isVote":1,"tweetType":1,"viewCount":1011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182180031,"gmtCreate":1623557588223,"gmtModify":1634031725232,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back up go go","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back up go go","text":"$NIO Inc.(NIO)$Going back up go go","images":[{"img":"https://static.tigerbbs.com/f34f9784003385cded3573fdf5a56be7","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/182180031","isVote":1,"tweetType":1,"viewCount":2088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":371999927,"gmtCreate":1618898655269,"gmtModify":1634290041913,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"Always check on the Value!","listText":"Always check on the Value!","text":"Always check on the Value!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371999927","repostId":"1110962984","repostType":2,"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186360702,"gmtCreate":1623474068406,"gmtModify":1634032639539,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Going back","text":"$NIO Inc.(NIO)$Going back","images":[{"img":"https://static.tigerbbs.com/f34f9784003385cded3573fdf5a56be7","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186360702","isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":183441328,"gmtCreate":1623344119964,"gmtModify":1634034339899,"author":{"id":"3574859696763468","authorId":"3574859696763468","name":"DesmondChua","avatar":"https://static.tigerbbs.com/de6414192b960522a315fa0e688078bc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574859696763468","idStr":"3574859696763468"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Go go you can do it","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Go go you can do it","text":"$NIO Inc.(NIO)$Go go you can do it","images":[{"img":"https://static.tigerbbs.com/ec5c4d89ba316284740b8ea6423db131","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183441328","isVote":1,"tweetType":1,"viewCount":2530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}