Joseph91的个人主页 - 老虎社区

Joseph91

暂无个人介绍

IP属地：未知

1关注

3粉丝

0主题

0勋章

2021-03-26

Indeed

抱歉，原内容已删除

2021-02-25

Wow

抱歉，原内容已删除

2021-02-08

Wow

Despite huge losses, US airlines are rolling in cash<blockquote>尽管亏损巨大，美国航空公司仍在滚动现金</blockquote>

2021-02-13

Wow

抱歉，原内容已删除

2021-04-13

Wow

抱歉，原内容已删除

2021-03-22

Hmm

The Fed May Have Just Sealed The Stock Market's Fate<blockquote>美联储可能刚刚决定了股市的命运</blockquote>

2021-03-01

Cool

抱歉，原内容已删除

2021-02-20

Cool

抱歉，原内容已删除

2021-02-14

Yes

抱歉，原内容已删除

2021-04-08

Great

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3574914963531057","uuid":"3574914963531057","gmtCreate":1611825311950,"gmtModify":1611825311950,"name":"Joseph91","pinyin":"joseph91","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":3,"headSize":1,"tweetSize":53,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","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":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.26","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"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,"redirectLink":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},{"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,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.13%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":3,"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":611310949,"gmtCreate":1650295325604,"gmtModify":1650295325733,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Messy","listText":"Messy","text":"Messy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/611310949","repostId":"2228121955","repostType":4,"isVote":1,"tweetType":1,"viewCount":2322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":611064553,"gmtCreate":1650203898556,"gmtModify":1650203898688,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"No","listText":"No","text":"No","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/611064553","repostId":"2227986773","repostType":4,"isVote":1,"tweetType":1,"viewCount":2004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":613792161,"gmtCreate":1650037932271,"gmtModify":1650037932410,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613792161","repostId":"1125321064","repostType":4,"isVote":1,"tweetType":1,"viewCount":3307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":613550282,"gmtCreate":1649950719344,"gmtModify":1649950719440,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Crazy","listText":"Crazy","text":"Crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613550282","repostId":"1189220790","repostType":4,"isVote":1,"tweetType":1,"viewCount":2665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":613868507,"gmtCreate":1649816319715,"gmtModify":1649816319847,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Split!","listText":"Split!","text":"Split!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613868507","repostId":"2226866854","repostType":4,"isVote":1,"tweetType":1,"viewCount":3066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":613115321,"gmtCreate":1649755602639,"gmtModify":1649755602880,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613115321","repostId":"2226680538","repostType":4,"isVote":1,"tweetType":1,"viewCount":2820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693753481,"gmtCreate":1640086213598,"gmtModify":1640086213806,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693753481","repostId":"1107450954","repostType":4,"isVote":1,"tweetType":1,"viewCount":2976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":161844082,"gmtCreate":1623919709346,"gmtModify":1634025873485,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Fun!","listText":"Fun!","text":"Fun!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/161844082","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1631884627596,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"【老虎7周年】集卡瓜分百万奖金","htmlText":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> &#x1;如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。&#x1;如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 &#x1; &#x1;如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。&#x1; 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP &gt; 我的 &gt; 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","listText":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> &#x1;如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。&#x1;如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 &#x1; &#x1;如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。&#x1; 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP &gt; 我的 &gt; 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","text":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ 戳我即可参与活动 \u0001如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。\u0001如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 \u0001 \u0001如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。\u0001 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","images":[{"img":"https://static.tigerbbs.com/ab28db31a19b458d604a8bf02becddd3","width":"415","height":"125"},{"img":"https://static.tigerbbs.com/5227ebb594fe55b532c840acef147d7b","width":"415","height":"495"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345266068,"gmtCreate":1618319579554,"gmtModify":1634293753789,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/345266068","repostId":"1101547328","repostType":4,"isVote":1,"tweetType":1,"viewCount":2537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342286889,"gmtCreate":1618221970641,"gmtModify":1634294357345,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/342286889","repostId":"1178871314","repostType":4,"repost":{"id":"1178871314","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618219394,"share":"https://www.laohu8.com/m/news/1178871314?lang=zh_CN&edition=full","pubTime":"2021-04-12 17:23","market":"us","language":"en","title":"Why Bitcoin Is Crossing $60K Again<blockquote>为什么比特币再次突破6万美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178871314","media":"Benzinga","summary":"Bitcoin has crossed the $60,000 mark again, as experts point to a supply shortage.The world's top cr","content":"<p><b>Bitcoin</b> has crossed&nbsp;the $60,000 mark again, as experts point to a supply shortage.</p><p><blockquote><b>比特币</b>由于专家指出供应短缺，价格再次突破60,000美元大关。</blockquote></p><p><ul><li>The world's top cryptocurrency crossed the&nbsp;$60,000 mark today and on Saturday, according toCoinMarketCapdata, reaching a&nbsp;high of $60,741 on Saturday.</li><li>Bitcoin was recently left on the sidelines as investors concentrated their attention on the stock market, a sales manager at Hong Kong digital asset company Diginex Justin d’Anethan toldReuters.</li><li>\"That changed just yesterday when we pierced through 60K. With miners not selling recently minted coins, on-exchange reserves hitting multi-year lows and an incessant stream of corporates, funds, large and small investors piling into BTC, we punched through,\" d’Anethan said.</li><li>Bitcoin is up 116% from this year's low of $27,734 on Jan 4.</li><li>The coin reached its all-time high of over $60,000 on March 13 with a record price of $61,781, reported on crypto exchange Bitstamp, presumably connected to the United States president signing a $1.9 trillion fiscal stimulus package.</li><li>Bitcoin was trading above $59,700 at publication time.</li></ul></p><p><blockquote><ul><li>根据CoinMarketCapData的数据，世界顶级加密货币今天和周六突破了60,000美元大关，周六达到60,741美元的高点。</li><li>香港数字资产公司Diginex的销售经理Justin d’Anethan告诉路透社，由于投资者将注意力集中在股市上，比特币最近一直处于观望状态。</li><li>“就在昨天，当我们突破60K时，这种情况发生了变化。由于矿商不出售最近铸造的硬币，交易所储备触及多年低点，以及不断有企业、基金、大大小小的投资者涌入BTC，我们突破了，”达内森说。</li><li>比特币股价较1月4日27,734美元的今年低点上涨了116%。</li><li>据加密货币交易所Bitstamp报道，该硬币在3月13日达到了超过60,000美元的历史高点，创纪录的价格为61,781美元，这可能与美国总统签署1.9万亿美元的财政刺激计划有关。</li><li>截至发稿时，比特币的交易价格高于59,700美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Bitcoin Is Crossing $60K Again<blockquote>为什么比特币再次突破6万美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\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\">\nWhy Bitcoin Is Crossing $60K Again<blockquote>为什么比特币再次突破6万美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-12 17:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Bitcoin</b> has crossed&nbsp;the $60,000 mark again, as experts point to a supply shortage.</p><p><blockquote><b>比特币</b>由于专家指出供应短缺，价格再次突破60,000美元大关。</blockquote></p><p><ul><li>The world's top cryptocurrency crossed the&nbsp;$60,000 mark today and on Saturday, according toCoinMarketCapdata, reaching a&nbsp;high of $60,741 on Saturday.</li><li>Bitcoin was recently left on the sidelines as investors concentrated their attention on the stock market, a sales manager at Hong Kong digital asset company Diginex Justin d’Anethan toldReuters.</li><li>\"That changed just yesterday when we pierced through 60K. With miners not selling recently minted coins, on-exchange reserves hitting multi-year lows and an incessant stream of corporates, funds, large and small investors piling into BTC, we punched through,\" d’Anethan said.</li><li>Bitcoin is up 116% from this year's low of $27,734 on Jan 4.</li><li>The coin reached its all-time high of over $60,000 on March 13 with a record price of $61,781, reported on crypto exchange Bitstamp, presumably connected to the United States president signing a $1.9 trillion fiscal stimulus package.</li><li>Bitcoin was trading above $59,700 at publication time.</li></ul></p><p><blockquote><ul><li>根据CoinMarketCapData的数据，世界顶级加密货币今天和周六突破了60,000美元大关，周六达到60,741美元的高点。</li><li>香港数字资产公司Diginex的销售经理Justin d’Anethan告诉路透社，由于投资者将注意力集中在股市上，比特币最近一直处于观望状态。</li><li>“就在昨天，当我们突破60K时，这种情况发生了变化。由于矿商不出售最近铸造的硬币，交易所储备触及多年低点，以及不断有企业、基金、大大小小的投资者涌入BTC，我们突破了，”达内森说。</li><li>比特币股价较1月4日27,734美元的今年低点上涨了116%。</li><li>据加密货币交易所Bitstamp报道，该硬币在3月13日达到了超过60,000美元的历史高点，创纪录的价格为61,781美元，这可能与美国总统签署1.9万亿美元的财政刺激计划有关。</li><li>截至发稿时，比特币的交易价格高于59,700美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","GBTC":"比特币ETF-Grayscale"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178871314","content_text":"Bitcoin has crossed the $60,000 mark again, as experts point to a supply shortage.The world's top cryptocurrency crossed the $60,000 mark today and on Saturday, according toCoinMarketCapdata, reaching a high of $60,741 on Saturday.Bitcoin was recently left on the sidelines as investors concentrated their attention on the stock market, a sales manager at Hong Kong digital asset company Diginex Justin d’Anethan toldReuters.\"That changed just yesterday when we pierced through 60K. With miners not selling recently minted coins, on-exchange reserves hitting multi-year lows and an incessant stream of corporates, funds, large and small investors piling into BTC, we punched through,\" d’Anethan said.Bitcoin is up 116% from this year's low of $27,734 on Jan 4.The coin reached its all-time high of over $60,000 on March 13 with a record price of $61,781, reported on crypto exchange Bitstamp, presumably connected to the United States president signing a $1.9 trillion fiscal stimulus package.Bitcoin was trading above $59,700 at publication time.","news_type":1,"symbols_score_info":{"GBTC":0.9,"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341454509,"gmtCreate":1617849860801,"gmtModify":1634296156107,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/341454509","repostId":"2125726223","repostType":4,"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343391542,"gmtCreate":1617674195586,"gmtModify":1634297173866,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/343391542","repostId":"1153914073","repostType":4,"isVote":1,"tweetType":1,"viewCount":1308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349501794,"gmtCreate":1617621393818,"gmtModify":1634297521427,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/349501794","repostId":"1103962313","repostType":4,"repost":{"id":"1103962313","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":1617613431,"share":"https://www.laohu8.com/m/news/1103962313?lang=zh_CN&edition=full","pubTime":"2021-04-05 17:03","market":"us","language":"en","title":"Tesla shares surged 6.5% in premarket trading<blockquote>特斯拉股价在盘前交易中飙升6.5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103962313","media":"Tiger Newspress","summary":"Tesla shares surged 6.5% to $704.4 in premarket trading.Tesla delivered more than expected in the fi","content":"<p>Tesla shares surged 6.5%&nbsp;to&nbsp;$704.4 in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中飙升6.5%至704.4美元。</blockquote></p><p>Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.</p><p><blockquote>特斯拉一季度交付超预期多家投行上调目标价。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0177d428b3156542cecf3b3dabde867e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.</p><p><blockquote>特斯拉宣布，1Q电动汽车出货量为18.48万辆，超过了此前在2020年第四季度创下的18.057万辆的纪录。此外，第一季度汽车出货量远高于分析师预期的177,822辆。</blockquote></p><p>Following the quarterly production and delivery numbers, Wedbush analyst&nbsp;Daniel Ives&nbsp;upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.</p><p><blockquote>在公布季度生产和交付数据后，Wedbush分析师Daniel Ives将该股评级从持有上调至买入，并将目标价从950美元上调至1,000美元（上涨潜力为51.1%）。</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>Tesla shares surged 6.5% in premarket trading<blockquote>特斯拉股价在盘前交易中飙升6.5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares surged 6.5% in premarket trading<blockquote>特斯拉股价在盘前交易中飙升6.5%</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\">2021-04-05 17:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla shares surged 6.5%&nbsp;to&nbsp;$704.4 in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中飙升6.5%至704.4美元。</blockquote></p><p>Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.</p><p><blockquote>特斯拉一季度交付超预期多家投行上调目标价。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0177d428b3156542cecf3b3dabde867e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.</p><p><blockquote>特斯拉宣布，1Q电动汽车出货量为18.48万辆，超过了此前在2020年第四季度创下的18.057万辆的纪录。此外，第一季度汽车出货量远高于分析师预期的177,822辆。</blockquote></p><p>Following the quarterly production and delivery numbers, Wedbush analyst&nbsp;Daniel Ives&nbsp;upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.</p><p><blockquote>在公布季度生产和交付数据后，Wedbush分析师Daniel Ives将该股评级从持有上调至买入，并将目标价从950美元上调至1,000美元（上涨潜力为51.1%）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103962313","content_text":"Tesla shares surged 6.5% to $704.4 in premarket trading.Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.Following the quarterly production and delivery numbers, Wedbush analyst Daniel Ives upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340497867,"gmtCreate":1617446184559,"gmtModify":1634520917165,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/340497867","repostId":"2124875875","repostType":4,"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357665270,"gmtCreate":1617268453590,"gmtModify":1634521702489,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Hopeful","listText":"Hopeful","text":"Hopeful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/357665270","repostId":"1147807978","repostType":4,"repost":{"id":"1147807978","kind":"news","pubTimestamp":1617267580,"share":"https://www.laohu8.com/m/news/1147807978?lang=zh_CN&edition=full","pubTime":"2021-04-01 16:59","market":"us","language":"en","title":"Why Tesla Stock Jumped on Wednesday<blockquote>为什么特斯拉股价周三上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147807978","media":"Motley Fool","summary":"One analyst thinks the company's first-quarter deliveries will be higher than analysts' average fore","content":"<p>  One analyst thinks the company's first-quarter deliveries will be higher than analysts' average forecast.  <b>What happened</b></p><p><blockquote>一位分析师认为该公司第一季度的交付量将高于分析师的平均预期。<b>发生了什么</b></blockquote></p><p> Shares of electric-car maker and green-energy specialist<b>Tesla</b>(NASDAQ:TSLA)soared on Wednesday, jumping about 4.7% by 1:30 p.m. EDT.</p><p><blockquote>电动汽车制造商和绿色能源专家的股票<b>特斯拉</b>（纳斯达克：TSLA）周三飙升，截至美国东部时间下午1:30上涨约4.7%。</blockquote></p><p> The stock's gain is likely fueled by both an optimistic day in the overall market and an analyst note expressing a bullish view for the auto company's first-quarter deliveries.</p><p><blockquote>该股的上涨可能受到整体市场乐观的一天以及分析师对该汽车公司第一季度交付量持乐观态度的报告的推动。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> In an upbeat day on Wall Street, the<b>S&amp;P 500</b>was up about 0.8% as of this writing on Wednesday. The tech-heavy<b>Nasdaq Composite</b>&nbsp;had gained more than 1.8%. Manygrowth stockslike Tesla were up even more.</p><p><blockquote>在华尔街乐观的一天，<b>标普500</b>截至周三撰写本文时，该股上涨了约0.8%。科技含量高<b>纳斯达克复合材料</b>涨幅超过1.8%。特斯拉等许多成长型股票涨幅更大。</blockquote></p><p> For two trading days in a row, growth stocks generally seem to be rebounding from a brutal sell-off that occurred between mid-February and late March.</p><p><blockquote>连续两个交易日，成长股似乎普遍从2月中旬至3月下旬发生的残酷抛售中反弹。</blockquote></p><p> Relating to Tesla specifically, Wedbush analyst Daniel Ives said on Wednesday that he believes Tesla's first-quarter deliveries will exceed analyst expectations for the period.</p><p><blockquote>具体到特斯拉，Wedbush分析师Daniel Ives周三表示，他相信特斯拉第一季度的交付量将超过分析师对此期间的预期。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> There's a lot of uncertainty around Tesla's first-quarter deliveries due to semiconductor supply shortages that have weighed on broader auto production. But Ives thinks that strong deliveries in the U.S. and China will help the company report better-than-expected deliveries.</p><p><blockquote>由于半导体供应短缺给更广泛的汽车生产带来压力，特斯拉第一季度的交付量存在很多不确定性。但艾夫斯认为，美国和中国的强劲交付将有助于该公司报告好于预期的交付量。</blockquote></p><p> Though Tesla's quarterly deliveries are expected to be lower sequentially, analysts are generally modeling for extremely strong year-over-year growth of around 80% to 90%.</p><p><blockquote>尽管特斯拉的季度交付量预计将环比下降，但分析师普遍预计同比增长将达到80%至90%左右。</blockquote></p><p> Tesla will likely report its first-quarter vehicle deliveries on Friday or Saturday.</p><p><blockquote>特斯拉可能会在周五或周六公布第一季度汽车交付情况。</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>Why Tesla Stock Jumped on Wednesday<blockquote>为什么特斯拉股价周三上涨</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\">\nWhy Tesla Stock Jumped on Wednesday<blockquote>为什么特斯拉股价周三上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-01 16:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  One analyst thinks the company's first-quarter deliveries will be higher than analysts' average forecast.  <b>What happened</b></p><p><blockquote>一位分析师认为该公司第一季度的交付量将高于分析师的平均预期。<b>发生了什么</b></blockquote></p><p> Shares of electric-car maker and green-energy specialist<b>Tesla</b>(NASDAQ:TSLA)soared on Wednesday, jumping about 4.7% by 1:30 p.m. EDT.</p><p><blockquote>电动汽车制造商和绿色能源专家的股票<b>特斯拉</b>（纳斯达克：TSLA）周三飙升，截至美国东部时间下午1:30上涨约4.7%。</blockquote></p><p> The stock's gain is likely fueled by both an optimistic day in the overall market and an analyst note expressing a bullish view for the auto company's first-quarter deliveries.</p><p><blockquote>该股的上涨可能受到整体市场乐观的一天以及分析师对该汽车公司第一季度交付量持乐观态度的报告的推动。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> In an upbeat day on Wall Street, the<b>S&amp;P 500</b>was up about 0.8% as of this writing on Wednesday. The tech-heavy<b>Nasdaq Composite</b>&nbsp;had gained more than 1.8%. Manygrowth stockslike Tesla were up even more.</p><p><blockquote>在华尔街乐观的一天，<b>标普500</b>截至周三撰写本文时，该股上涨了约0.8%。科技含量高<b>纳斯达克复合材料</b>涨幅超过1.8%。特斯拉等许多成长型股票涨幅更大。</blockquote></p><p> For two trading days in a row, growth stocks generally seem to be rebounding from a brutal sell-off that occurred between mid-February and late March.</p><p><blockquote>连续两个交易日，成长股似乎普遍从2月中旬至3月下旬发生的残酷抛售中反弹。</blockquote></p><p> Relating to Tesla specifically, Wedbush analyst Daniel Ives said on Wednesday that he believes Tesla's first-quarter deliveries will exceed analyst expectations for the period.</p><p><blockquote>具体到特斯拉，Wedbush分析师Daniel Ives周三表示，他相信特斯拉第一季度的交付量将超过分析师对此期间的预期。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> There's a lot of uncertainty around Tesla's first-quarter deliveries due to semiconductor supply shortages that have weighed on broader auto production. But Ives thinks that strong deliveries in the U.S. and China will help the company report better-than-expected deliveries.</p><p><blockquote>由于半导体供应短缺给更广泛的汽车生产带来压力，特斯拉第一季度的交付量存在很多不确定性。但艾夫斯认为，美国和中国的强劲交付将有助于该公司报告好于预期的交付量。</blockquote></p><p> Though Tesla's quarterly deliveries are expected to be lower sequentially, analysts are generally modeling for extremely strong year-over-year growth of around 80% to 90%.</p><p><blockquote>尽管特斯拉的季度交付量预计将环比下降，但分析师普遍预计同比增长将达到80%至90%左右。</blockquote></p><p> Tesla will likely report its first-quarter vehicle deliveries on Friday or Saturday.</p><p><blockquote>特斯拉可能会在周五或周六公布第一季度汽车交付情况。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/31/why-tesla-stock-jumped-on-wednesday/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/03/31/why-tesla-stock-jumped-on-wednesday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147807978","content_text":"One analyst thinks the company's first-quarter deliveries will be higher than analysts' average forecast.\n\nWhat happened\nShares of electric-car maker and green-energy specialistTesla(NASDAQ:TSLA)soared on Wednesday, jumping about 4.7% by 1:30 p.m. EDT.\nThe stock's gain is likely fueled by both an optimistic day in the overall market and an analyst note expressing a bullish view for the auto company's first-quarter deliveries.\nSo what\nIn an upbeat day on Wall Street, theS&P 500was up about 0.8% as of this writing on Wednesday. The tech-heavyNasdaq Composite had gained more than 1.8%. Manygrowth stockslike Tesla were up even more.\nFor two trading days in a row, growth stocks generally seem to be rebounding from a brutal sell-off that occurred between mid-February and late March.\nRelating to Tesla specifically, Wedbush analyst Daniel Ives said on Wednesday that he believes Tesla's first-quarter deliveries will exceed analyst expectations for the period.\nNow what\nThere's a lot of uncertainty around Tesla's first-quarter deliveries due to semiconductor supply shortages that have weighed on broader auto production. But Ives thinks that strong deliveries in the U.S. and China will help the company report better-than-expected deliveries.\nThough Tesla's quarterly deliveries are expected to be lower sequentially, analysts are generally modeling for extremely strong year-over-year growth of around 80% to 90%.\nTesla will likely report its first-quarter vehicle deliveries on Friday or Saturday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354838716,"gmtCreate":1617156898535,"gmtModify":1634522355227,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/354838716","repostId":"1165607470","repostType":4,"isVote":1,"tweetType":1,"viewCount":1077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355281792,"gmtCreate":1617075614616,"gmtModify":1634522790950,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355281792","repostId":"1194072524","repostType":4,"repost":{"id":"1194072524","kind":"news","pubTimestamp":1617069490,"share":"https://www.laohu8.com/m/news/1194072524?lang=zh_CN&edition=full","pubTime":"2021-03-30 09:58","market":"us","language":"en","title":"Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank<blockquote>分析师下调特斯拉股票目标，因为老牌汽车制造商还有更多资金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194072524","media":"BARRON","summary":"Teslastock isdroppingin Monday trading after a former bull trimmed hisprice target. What’s more, he’sraised price targetson the legacyauto makerstocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.Jefferies analystPhilippe Houchoiscut his Tesla  stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead,","content":"<p>Teslastock isdroppingin Monday trading after a former bull trimmed hisprice target. What’s more, he’sraised price targetson the legacyauto makerstocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.</p><p><blockquote>在一位前多头下调目标价后，特斯拉股价周一下跌。更重要的是，他提高了传统汽车制造商股票的价格目标。周一的下跌和分析师的转变让看涨特斯拉的投资者想知道发生了什么。</blockquote></p><p>Jefferies analystPhilippe Houchoiscut his Tesla (ticker: TSLA) stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead, according to Houchois. That’s the good news. But Tesla is “no longer unique as an EV play with preferred access to capital.” The path forward is a little harder than before.</p><p><blockquote>Jefferies分析师Philippe Houchois将特斯拉（股票代码：TSLA）股价目标从775美元下调至700美元。这位分析师在周日的报告中写道：“自从我们下调特斯拉评级以来，波动性、比特币和推文带来了噪音，但几乎没有根本性变化。”Houchois表示，未来还有很大的潜力。这是个好消息。但特斯拉“作为一家优先获得资本的电动汽车公司，不再是独一无二的。”前进的道路比以前艰难了一些。</blockquote></p><p>Houchois wasBuy-ratedon Tesla stock up untilDecember, when he downgraded it to Hold with a $650 target price; shares were trading at roughly $550 at the time. It rose to $775 before getting cut Monday.</p><p><blockquote>Houchois一直对特斯拉股票给予买入评级，直到12月，他将其评级下调至持有，目标价为650美元；当时股价约为550美元。周一下调前升至775美元。</blockquote></p><p>Tesla stock is down 2.1% in midday trading. TheS&amp;P 500andDow Jones Industrial Averageare both down about 0.2%.</p><p><blockquote>特斯拉股价午盘下跌2.1%。标准普尔500指数和道琼斯工业平均指数均下跌约0.2%。</blockquote></p><p>In addition to the Tesla price cut, Houchois feels better about the legacy auto makers. He took his price target up on every single one he covers, includingFord Motor(F) andGeneral Motors(GM). His target price for Ford stock goes to $16 from $14. His target for GM stock goes to $62 from $50. Houchois rates GM stock Hold and Ford stock Buy.</p><p><blockquote>除了特斯拉降价之外，Houchois对传统汽车制造商的感觉也更好。他提高了所覆盖的每一家公司的目标价，包括福特汽车（F）和通用汽车（GM）。他对福特股票的目标价从14美元上调至16美元。他对通用汽车股票的目标从50美元上调至62美元。Houchois评级通用汽车股票持有，福特股票买入。</blockquote></p><p>He recognizes some near term challenges such as the global automotive-chip shortage, but also sees lower investment and working capital for the industry in the future. “We also keep in mind the EV transition is a marathon, still without obvious winners and, in our view no winner-take-all.” He sees space for legacy auto makers in an all electric future.</p><p><blockquote>他认识到一些近期挑战，例如全球汽车芯片短缺，但也认为未来该行业的投资和营运资本将会减少。“我们还记住，电动汽车转型是一场马拉松，仍然没有明显的赢家，而且在我们看来，没有赢家通吃。”他看到了传统汽车制造商在全电动未来的空间。</blockquote></p><p>The target-price bumps, however, aren’t helping either legacy auto-maker stock though. Both Ford and GM shares are down about 1% in Monday trading.</p><p><blockquote>然而，目标价的上涨并没有帮助传统汽车制造商的股票。福特和通用汽车股价在周一交易中均下跌约1%。</blockquote></p><p>Ford and GM stocks are still up more than 30% year to date. Tesla stock is down on the year and Monday’s loss for adds to recent investor pain. Shares are down almost 33% from its 52-week high. It’s tough to pin the drop on one issue. Several factors appears to be roiling the EV space right now.</p><p><blockquote>福特和通用汽车的股价今年迄今仍上涨了30%以上。特斯拉股价今年以来一直下跌，周一的下跌加剧了投资者近期的痛苦。股价较52周高点下跌近33%。很难将下降归咎于一个问题。目前，有几个因素似乎正在扰乱电动汽车领域。</blockquote></p><p>Friday, there was anannouncementbyNIO(NIO) that first-quarter sales and production would fall short of management’s original guidance, sending its U.S. listed ADRs down 4.8%. NIO cited the global automotive semiconductor shortage. The chip shortage has impacted everyone. GM and Ford have both called the issue abillion-dollar headwindto 2021 profits.</p><p><blockquote>周五，蔚来汽车（蔚来）宣布第一季度销量和产量将低于管理层最初的指引，导致其在美国上市的美国存托凭证下跌4.8%。蔚来列举了全球汽车半导体短缺的问题。芯片短缺影响了所有人。通用汽车和福特都称这一问题将给2021年的利润带来数十亿美元的阻力。</blockquote></p><p>Rising interest rates have been a problem, too.Higher ratesimpact high-growth companies two main ways. They make it more expensive to finance growth. Second, high-growth companies generate most of their free cash flow far in the future. That future cash, and potential dividends, are worth less, relatively speaking, when investors can earn higher yields on their capital today.</p><p><blockquote>利率上升也是一个问题。较高的利率主要通过两种方式影响高增长公司。它们使得增长融资成本更高。其次，高增长公司的大部分自由现金流是在遥远的未来产生的。相对而言，当投资者今天可以获得更高的资本收益率时，未来现金和潜在股息的价值就会降低。</blockquote></p><p>Tesla is a high-growth stock. Analysts expect sales to grow about 55% year over year in 2021.</p><p><blockquote>特斯拉是一只高增长股票。分析师预计2021年销售额将同比增长约55%。</blockquote></p><p>The next catalyst for Tesla stock might be first-quarter deliveries. There is no fixed date for a delivery update, but typically it comes out in the first few days of a new quarter. Delivery estimates have been coming down, from about 180,000 to 165,000 vehicles, because of the microchip shortage issue impacting the entire sector.</p><p><blockquote>特斯拉股票的下一个催化剂可能是第一季度的交付量。交付更新没有固定日期，但通常会在新季度的头几天发布。由于微芯片短缺问题影响了整个行业，交付量估计一直在下降，从约180,000辆降至165,000辆。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank<blockquote>分析师下调特斯拉股票目标，因为老牌汽车制造商还有更多资金</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank<blockquote>分析师下调特斯拉股票目标，因为老牌汽车制造商还有更多资金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">BARRON</strong><span class=\"h-time small\">2021-03-30 09:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Teslastock isdroppingin Monday trading after a former bull trimmed hisprice target. What’s more, he’sraised price targetson the legacyauto makerstocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.</p><p><blockquote>在一位前多头下调目标价后，特斯拉股价周一下跌。更重要的是，他提高了传统汽车制造商股票的价格目标。周一的下跌和分析师的转变让看涨特斯拉的投资者想知道发生了什么。</blockquote></p><p>Jefferies analystPhilippe Houchoiscut his Tesla (ticker: TSLA) stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead, according to Houchois. That’s the good news. But Tesla is “no longer unique as an EV play with preferred access to capital.” The path forward is a little harder than before.</p><p><blockquote>Jefferies分析师Philippe Houchois将特斯拉（股票代码：TSLA）股价目标从775美元下调至700美元。这位分析师在周日的报告中写道：“自从我们下调特斯拉评级以来，波动性、比特币和推文带来了噪音，但几乎没有根本性变化。”Houchois表示，未来还有很大的潜力。这是个好消息。但特斯拉“作为一家优先获得资本的电动汽车公司，不再是独一无二的。”前进的道路比以前艰难了一些。</blockquote></p><p>Houchois wasBuy-ratedon Tesla stock up untilDecember, when he downgraded it to Hold with a $650 target price; shares were trading at roughly $550 at the time. It rose to $775 before getting cut Monday.</p><p><blockquote>Houchois一直对特斯拉股票给予买入评级，直到12月，他将其评级下调至持有，目标价为650美元；当时股价约为550美元。周一下调前升至775美元。</blockquote></p><p>Tesla stock is down 2.1% in midday trading. TheS&amp;P 500andDow Jones Industrial Averageare both down about 0.2%.</p><p><blockquote>特斯拉股价午盘下跌2.1%。标准普尔500指数和道琼斯工业平均指数均下跌约0.2%。</blockquote></p><p>In addition to the Tesla price cut, Houchois feels better about the legacy auto makers. He took his price target up on every single one he covers, includingFord Motor(F) andGeneral Motors(GM). His target price for Ford stock goes to $16 from $14. His target for GM stock goes to $62 from $50. Houchois rates GM stock Hold and Ford stock Buy.</p><p><blockquote>除了特斯拉降价之外，Houchois对传统汽车制造商的感觉也更好。他提高了所覆盖的每一家公司的目标价，包括福特汽车（F）和通用汽车（GM）。他对福特股票的目标价从14美元上调至16美元。他对通用汽车股票的目标从50美元上调至62美元。Houchois评级通用汽车股票持有，福特股票买入。</blockquote></p><p>He recognizes some near term challenges such as the global automotive-chip shortage, but also sees lower investment and working capital for the industry in the future. “We also keep in mind the EV transition is a marathon, still without obvious winners and, in our view no winner-take-all.” He sees space for legacy auto makers in an all electric future.</p><p><blockquote>他认识到一些近期挑战，例如全球汽车芯片短缺，但也认为未来该行业的投资和营运资本将会减少。“我们还记住，电动汽车转型是一场马拉松，仍然没有明显的赢家，而且在我们看来，没有赢家通吃。”他看到了传统汽车制造商在全电动未来的空间。</blockquote></p><p>The target-price bumps, however, aren’t helping either legacy auto-maker stock though. Both Ford and GM shares are down about 1% in Monday trading.</p><p><blockquote>然而，目标价的上涨并没有帮助传统汽车制造商的股票。福特和通用汽车股价在周一交易中均下跌约1%。</blockquote></p><p>Ford and GM stocks are still up more than 30% year to date. Tesla stock is down on the year and Monday’s loss for adds to recent investor pain. Shares are down almost 33% from its 52-week high. It’s tough to pin the drop on one issue. Several factors appears to be roiling the EV space right now.</p><p><blockquote>福特和通用汽车的股价今年迄今仍上涨了30%以上。特斯拉股价今年以来一直下跌，周一的下跌加剧了投资者近期的痛苦。股价较52周高点下跌近33%。很难将下降归咎于一个问题。目前，有几个因素似乎正在扰乱电动汽车领域。</blockquote></p><p>Friday, there was anannouncementbyNIO(NIO) that first-quarter sales and production would fall short of management’s original guidance, sending its U.S. listed ADRs down 4.8%. NIO cited the global automotive semiconductor shortage. The chip shortage has impacted everyone. GM and Ford have both called the issue abillion-dollar headwindto 2021 profits.</p><p><blockquote>周五，蔚来汽车（蔚来）宣布第一季度销量和产量将低于管理层最初的指引，导致其在美国上市的美国存托凭证下跌4.8%。蔚来列举了全球汽车半导体短缺的问题。芯片短缺影响了所有人。通用汽车和福特都称这一问题将给2021年的利润带来数十亿美元的阻力。</blockquote></p><p>Rising interest rates have been a problem, too.Higher ratesimpact high-growth companies two main ways. They make it more expensive to finance growth. Second, high-growth companies generate most of their free cash flow far in the future. That future cash, and potential dividends, are worth less, relatively speaking, when investors can earn higher yields on their capital today.</p><p><blockquote>利率上升也是一个问题。较高的利率主要通过两种方式影响高增长公司。它们使得增长融资成本更高。其次，高增长公司的大部分自由现金流是在遥远的未来产生的。相对而言，当投资者今天可以获得更高的资本收益率时，未来现金和潜在股息的价值就会降低。</blockquote></p><p>Tesla is a high-growth stock. Analysts expect sales to grow about 55% year over year in 2021.</p><p><blockquote>特斯拉是一只高增长股票。分析师预计2021年销售额将同比增长约55%。</blockquote></p><p>The next catalyst for Tesla stock might be first-quarter deliveries. There is no fixed date for a delivery update, but typically it comes out in the first few days of a new quarter. Delivery estimates have been coming down, from about 180,000 to 165,000 vehicles, because of the microchip shortage issue impacting the entire sector.</p><p><blockquote>特斯拉股票的下一个催化剂可能是第一季度的交付量。交付更新没有固定日期，但通常会在新季度的头几天发布。由于微芯片短缺问题影响了整个行业，交付量估计一直在下降，从约180,000辆降至165,000辆。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-target-cut-by-analyst-because-old-auto-makers-have-more-in-the-tank-51617034466?siteid=yhoof2\">BARRON</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":"https://static.tigerbbs.com/f76b3cc53dd60ecb6eab407da188d689","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-target-cut-by-analyst-because-old-auto-makers-have-more-in-the-tank-51617034466?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194072524","content_text":"Teslastock isdroppingin Monday trading after a former bull trimmed hisprice target. What’s more, he’sraised price targetson the legacyauto makerstocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.Jefferies analystPhilippe Houchoiscut his Tesla (ticker: TSLA) stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead, according to Houchois. That’s the good news. But Tesla is “no longer unique as an EV play with preferred access to capital.” The path forward is a little harder than before.Houchois wasBuy-ratedon Tesla stock up untilDecember, when he downgraded it to Hold with a $650 target price; shares were trading at roughly $550 at the time. It rose to $775 before getting cut Monday.Tesla stock is down 2.1% in midday trading. TheS&P 500andDow Jones Industrial Averageare both down about 0.2%.In addition to the Tesla price cut, Houchois feels better about the legacy auto makers. He took his price target up on every single one he covers, includingFord Motor(F) andGeneral Motors(GM). His target price for Ford stock goes to $16 from $14. His target for GM stock goes to $62 from $50. Houchois rates GM stock Hold and Ford stock Buy.He recognizes some near term challenges such as the global automotive-chip shortage, but also sees lower investment and working capital for the industry in the future. “We also keep in mind the EV transition is a marathon, still without obvious winners and, in our view no winner-take-all.” He sees space for legacy auto makers in an all electric future.The target-price bumps, however, aren’t helping either legacy auto-maker stock though. Both Ford and GM shares are down about 1% in Monday trading.Ford and GM stocks are still up more than 30% year to date. Tesla stock is down on the year and Monday’s loss for adds to recent investor pain. Shares are down almost 33% from its 52-week high. It’s tough to pin the drop on one issue. Several factors appears to be roiling the EV space right now.Friday, there was anannouncementbyNIO(NIO) that first-quarter sales and production would fall short of management’s original guidance, sending its U.S. listed ADRs down 4.8%. NIO cited the global automotive semiconductor shortage. The chip shortage has impacted everyone. GM and Ford have both called the issue abillion-dollar headwindto 2021 profits.Rising interest rates have been a problem, too.Higher ratesimpact high-growth companies two main ways. They make it more expensive to finance growth. Second, high-growth companies generate most of their free cash flow far in the future. That future cash, and potential dividends, are worth less, relatively speaking, when investors can earn higher yields on their capital today.Tesla is a high-growth stock. Analysts expect sales to grow about 55% year over year in 2021.The next catalyst for Tesla stock might be first-quarter deliveries. There is no fixed date for a delivery update, but typically it comes out in the first few days of a new quarter. Delivery estimates have been coming down, from about 180,000 to 165,000 vehicles, because of the microchip shortage issue impacting the entire sector.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352481821,"gmtCreate":1616993450963,"gmtModify":1634523245360,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352481821","repostId":"1164511550","repostType":4,"repost":{"id":"1164511550","kind":"news","pubTimestamp":1616983121,"share":"https://www.laohu8.com/m/news/1164511550?lang=zh_CN&edition=full","pubTime":"2021-03-29 09:58","market":"us","language":"en","title":"How Microsoft Is Powering Digital Transformation From the Cloud<blockquote>微软如何从云中推动数字化转型</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164511550","media":"Nasdaq","summary":"Seven years ago, on March 24, 2014, Microsoft announced the upcoming name change for Windows Azure t","content":"<p>Seven years ago, on March 24, 2014, Microsoft&nbsp;announced&nbsp;the upcoming name change for Windows Azure to Microsoft Azure. This change, which came into effect on April 3, marked a symbolic shift in Microsoft Corporation’s (MSFT) overall business strategy. The move reflected its focus to tap the demand for cloud, against the backdrop of a renewed vision for a “mobile-first, cloud-first, data-powered world” of its then newly&nbsp;appointed&nbsp;CEO, Satya Nadella. Over these years, cloud computing has become an integral part of Microsoft.</p><p><blockquote>七年前，2014年3月24日，微软宣布即将将Windows Azure更名为微软Azure。这一变化于4月3日生效，标志着微软公司(MSFT)整体业务战略的象征性转变。此举反映了其专注于挖掘云需求，背景是当时新任命的首席执行官萨蒂亚·纳德拉(Satya Nadella)对“移动优先、云优先、数据驱动的世界”的新愿景。这些年来，云计算已经成为微软不可或缺的一部分。</blockquote></p><p> Here’s an overview of its journey so far, and how it’s working to boost Microsoft Azure.</p><p><blockquote>以下是它迄今为止的历程概述，以及它如何推动微软Azure的发展。</blockquote></p><p> In FY&nbsp;2014&nbsp;(July-June), Microsoft reported that its commercial cloud revenue hit a $4.4 billion annual run-rate. Within a year, it surpassed $8 billion annualized run-rate. It was around this time that Microsoft set an ambitious target of achieving $20&nbsp;billion in commercial cloud annualized revenue run-rate in FY 2018. By FY 2016, its annualized revenue run-rate had exceeded $12.1 billion, and FY 2017 witnessed the figure cross $18.9 billion. Microsoft’s commercial cloud business&nbsp;delivered&nbsp;more than $23 billion in revenue in FY 2018, topping the ambitious goal it had set, nine months ahead of schedule.&nbsp;During 2019, $38 billion in revenue was posted while FY 2020 witnessed its commercial cloud surpass $50 billion in revenue for the first time.&nbsp;During Q2 FY 2021 (October-December), Microsoft reported a 34% year over year increase in its commercial cloud revenue to $16.7 billion.</p><p><blockquote>2014财年（7月至6月），微软报告称其商业云收入达到44亿美元的年运行率。一年内，它的年化运行率超过了80亿美元。大约在这个时候，微软设定了一个雄心勃勃的目标，即在2018财年实现200亿美元的商业云年化收入运行率。到2016财年，其年化收入运行率已超过121亿美元，2017财年这一数字突破189亿美元。微软的商业云业务在2018财年实现了超过230亿美元的收入，超过了其设定的雄心勃勃的目标，提前了9个月。2019年，公布了380亿美元的收入，而2020财年，其商业云收入首次超过500亿美元。在Q2 2021财年（10月至12月），微软报告其商业云收入同比增长34%，达到167亿美元。</blockquote></p><p> Microsoft has been expanding its network of data centers to offer its cloud services to more customers. Currently, it has more than 170 global network &nbsp;Points of Presence (POPs). Microsoft is one of the four companies along with Amazon, Google and IBM with the broadest data center&nbsp;footprint. To deliver a great cloud experience,&nbsp;Microsoft's global network&nbsp;(WAN) spans more than 165,000 miles connecting its&nbsp;data centersacross 61 Azure, with edge-nodes strategically placed around the world. During the Q2 FY 2021earnings call, seven new data center regions in Asia, Europe and Latin America were announced along with adding support for top-secret classified workloads in the U.S.</p><p><blockquote>微软一直在扩大其数据中心网络，为更多客户提供云服务。目前，它拥有170多个全球网络接入点（POP）。微软是与Amazon、Google和IBM一起拥有最广泛数据中心足迹的四家公司之一。为了提供出色的云体验，微软的全球网络(WAN)跨越超过165,000英里，将其数据中心连接到61 Azure，边缘节点战略性地放置在世界各地。在2021财年第二季度收益看涨期权上，宣布了亚洲、欧洲和拉丁美洲的七个新数据中心区域，并增加了对美国绝密机密工作负载的支持。</blockquote></p><p> Microsoft has acquired around 210 companies since 1994; in recent years, MSFT has made key buys to help bolster its cloud services. In 2019, Microsoft&nbsp;acquired&nbsp;Movere, an innovative technology provider in the cloud migration space. During 2020, to enhance its capabilities for a 5G ecosystem, and support the telecommunications industry,&nbsp;Microsoft&nbsp;acquired&nbsp;Affirmed Networks and Metaswitch Networks. To ensure robust security capabilities, CyberX was&nbsp;acquired&nbsp;to complement the existing Azure IoT security systems.&nbsp;Aorato&nbsp;(2014),&nbsp;Adallom&nbsp;(2015),&nbsp;Secure Islands&nbsp;(2015), and&nbsp;Hexadite&nbsp;(2017) are some of its other acquisitions to strengthen the Azure security ecosystem.</p><p><blockquote>自1994年以来，微软已收购了约210家公司；近年来，MSFT进行了重大收购，以帮助加强其云服务。2019年，微软收购了云迁移领域的创新技术提供商Movere。2020年，为了增强其5G生态系统的能力并支持电信行业，微软收购了Affirmed Networks和Metaswitch Networks。为了确保强大的安全能力，收购CyberX是为了补充现有的Azure物联网安全系统。Aorato（2014年）、Adallom（2015年）、Secure Islands（2015年）和Hexadite（2017年）是其加强Azure安全生态系统的其他一些收购。</blockquote></p><p> More organizations are relying on cloud computing, from healthcare AI-assisted bots, to digital twins in manufacturing, to ecommerce in retail. The worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020,&nbsp;according&nbsp;to Gartner.</p><p><blockquote>越来越多的组织依赖云计算，从医疗保健人工智能辅助机器人，到制造业的数字双胞胎，再到零售业的电子商务。根据Gartner的数据，全球最终用户在公共云服务上的支出预计将在2021年增长18.4%，达到3049亿美元，高于2020年的2575亿美元。</blockquote></p><p> According to Microsoft’s annual&nbsp;report, “Today, leaders in every industry—including 95% of the Fortune 500—run on Azure.” Microsoft continues to expand its partnerships and deals. In July 2020, PepsiCo&nbsp;entered&nbsp;into a five-year partnership with Microsoft as its preferred cloud provider to accelerate PepsiCo’s infrastructure, ERP and data estate consolidation and modernization. Companies such as&nbsp;Bentley&nbsp;Systems (BSY),&nbsp;Honeywell&nbsp;(HON), and&nbsp;Johnson&nbsp;Controls (JCI) have collaborated with Microsoft to utilize technologies such as Azure Digital Twins to bridge the digital and physical worlds, creating simulations of factories to optimize their operations.</p><p><blockquote>根据微软的年度报告，“如今，每个行业的领导者——包括95%的财富500强企业——都在Azure上运行。”微软继续扩大其合作伙伴关系和交易。2020年7月，百事公司与微软作为其首选云提供商建立了为期五年的合作伙伴关系，以加速百事公司的基础设施、ERP和数据资产整合和现代化。Bentley Systems(BSY)、Honeywell(HON)和Johnson Controls(JCI)等公司已与微软合作，利用Azure Digital Twins等技术来连接数字世界和物理世界，创建工厂模拟以优化其运营。</blockquote></p><p> Read More</p><p><blockquote>阅读更多</blockquote></p><p> In January 2021, GM and Cruise&nbsp;partnered&nbsp;with Microsoft to leverage Azure to commercialize its unique autonomous vehicle solutions at scale.&nbsp;In addition, GM will explore opportunities with Microsoft to streamline operations across digital supply chains. In February 2021, Volkswagen&nbsp;teamed&nbsp;up with Microsoft for its software company Car.Software Organization to build a cloud-based Automated Driving Platform on Microsoft Azure and leverage its computing and data capabilities.</p><p><blockquote>2021年1月，通用汽车和Cruise与微软合作，利用Azure将其独特的自动驾驶汽车解决方案大规模商业化，此外，通用汽车还将与微软探索简化数字供应链运营的机会。2021年2月，大众汽车与微软合作开发其软件公司Car。软件组织，在微软Azure上构建基于云的自动驾驶平台，并利用其计算和数据能力。</blockquote></p><p> In other partnerships, SAP SE&nbsp;(SAP) and Microsoft joined hands to accelerate the adoption of SAP S/4HANA on Microsoft Azure. Together, both the companies are working to simplify and streamline customers’ journeys to the cloud. While&nbsp;Amadeus&nbsp;and Microsoft will harness cloud technology to create smoother travel experiences in the future.</p><p><blockquote>在其他合作伙伴关系中，SAP SE（SAP）和微软携手加速SAP S/4HANA在微软Azure上的采用。两家公司都在共同努力简化和精简客户的云之旅。而Amadeus和微软将利用云技术在未来创造更顺畅的旅行体验。</blockquote></p><p></p><p> Gaming is another area&nbsp;that has huge potential. In October 2018, Microsoft&nbsp;announced&nbsp;Project xCloud&nbsp;to build cloud gaming. During the Q2 FY2021, Microsoft surpassed $5 billion for the first time in gaming revenue.</p><p><blockquote>游戏是另一个潜力巨大的领域。2018年10月，微软宣布了Project xCloud来构建云游戏。2021财年第二季度，微软游戏收入首次突破50亿美元。</blockquote></p><p> With research and development efforts, initiatives, and partnerships, Azure has&nbsp;doubled&nbsp;its worldwide market share from 10% in&nbsp;2014&nbsp;to 20% in 2020. It is&nbsp;estimated&nbsp;that the “proportion of&nbsp;IT spending&nbsp;that is shifting to cloud will accelerate in the aftermath of the&nbsp;COVID-19&nbsp;crisis, with cloud projected to make up 14.2% of the total global enterprise IT spending market in 2024, up from 9.1% in 2020.” This shift will create an opportunity for companies such as Microsoft, which is already enabling companies across industries to build their digital capabilities.</p><p><blockquote>通过研发工作、计划和合作伙伴关系，Azure的全球市场份额翻了一番，从2014年的10%增加到2020年的20%。据估计，“在COVID-19危机之后，转向云的IT支出比例将加速，预计到2024年，云将占全球企业IT支出市场总额的14.2%，高于2020年的9.1%。”这一转变将为微软等公司创造机会，这些公司已经在帮助各行各业的公司建立数字能力。</blockquote></p><p> <i>* Commercial cloud annualized revenue run rate is calculated by multiplying revenue for the last month of the quarter by twelve for Office 365 commercial, Azure, Dynamics Online, and other cloud properties.</i></p><p><blockquote><i>*商业云年化收入运行率的计算方法是将Office 365商业版、Azure、Dynamics Online和其他云属性的季度最后一个月的收入乘以12。</i></blockquote></p><p> <i>Microsoft follows a July-June earnings calendar.</i></p><p><blockquote><i>微软遵循7月至6月的盈利日历。</i></blockquote></p><p> <i>The author has no position in any stocks mentioned. Investors should&nbsp;consider the above information not as a de facto recommendation, but as an idea for further consideration.</i></p><p><blockquote><i>作者没有持有任何提到的股票。投资者不应将上述信息视为事实上的建议，而应将其视为进一步考虑的想法。</i></blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Microsoft Is Powering Digital Transformation From the Cloud<blockquote>微软如何从云中推动数字化转型</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Microsoft Is Powering Digital Transformation From the Cloud<blockquote>微软如何从云中推动数字化转型</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-29 09:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Seven years ago, on March 24, 2014, Microsoft&nbsp;announced&nbsp;the upcoming name change for Windows Azure to Microsoft Azure. This change, which came into effect on April 3, marked a symbolic shift in Microsoft Corporation’s (MSFT) overall business strategy. The move reflected its focus to tap the demand for cloud, against the backdrop of a renewed vision for a “mobile-first, cloud-first, data-powered world” of its then newly&nbsp;appointed&nbsp;CEO, Satya Nadella. Over these years, cloud computing has become an integral part of Microsoft.</p><p><blockquote>七年前，2014年3月24日，微软宣布即将将Windows Azure更名为微软Azure。这一变化于4月3日生效，标志着微软公司(MSFT)整体业务战略的象征性转变。此举反映了其专注于挖掘云需求，背景是当时新任命的首席执行官萨蒂亚·纳德拉(Satya Nadella)对“移动优先、云优先、数据驱动的世界”的新愿景。这些年来，云计算已经成为微软不可或缺的一部分。</blockquote></p><p> Here’s an overview of its journey so far, and how it’s working to boost Microsoft Azure.</p><p><blockquote>以下是它迄今为止的历程概述，以及它如何推动微软Azure的发展。</blockquote></p><p> In FY&nbsp;2014&nbsp;(July-June), Microsoft reported that its commercial cloud revenue hit a $4.4 billion annual run-rate. Within a year, it surpassed $8 billion annualized run-rate. It was around this time that Microsoft set an ambitious target of achieving $20&nbsp;billion in commercial cloud annualized revenue run-rate in FY 2018. By FY 2016, its annualized revenue run-rate had exceeded $12.1 billion, and FY 2017 witnessed the figure cross $18.9 billion. Microsoft’s commercial cloud business&nbsp;delivered&nbsp;more than $23 billion in revenue in FY 2018, topping the ambitious goal it had set, nine months ahead of schedule.&nbsp;During 2019, $38 billion in revenue was posted while FY 2020 witnessed its commercial cloud surpass $50 billion in revenue for the first time.&nbsp;During Q2 FY 2021 (October-December), Microsoft reported a 34% year over year increase in its commercial cloud revenue to $16.7 billion.</p><p><blockquote>2014财年（7月至6月），微软报告称其商业云收入达到44亿美元的年运行率。一年内，它的年化运行率超过了80亿美元。大约在这个时候，微软设定了一个雄心勃勃的目标，即在2018财年实现200亿美元的商业云年化收入运行率。到2016财年，其年化收入运行率已超过121亿美元，2017财年这一数字突破189亿美元。微软的商业云业务在2018财年实现了超过230亿美元的收入，超过了其设定的雄心勃勃的目标，提前了9个月。2019年，公布了380亿美元的收入，而2020财年，其商业云收入首次超过500亿美元。在Q2 2021财年（10月至12月），微软报告其商业云收入同比增长34%，达到167亿美元。</blockquote></p><p> Microsoft has been expanding its network of data centers to offer its cloud services to more customers. Currently, it has more than 170 global network &nbsp;Points of Presence (POPs). Microsoft is one of the four companies along with Amazon, Google and IBM with the broadest data center&nbsp;footprint. To deliver a great cloud experience,&nbsp;Microsoft's global network&nbsp;(WAN) spans more than 165,000 miles connecting its&nbsp;data centersacross 61 Azure, with edge-nodes strategically placed around the world. During the Q2 FY 2021earnings call, seven new data center regions in Asia, Europe and Latin America were announced along with adding support for top-secret classified workloads in the U.S.</p><p><blockquote>微软一直在扩大其数据中心网络，为更多客户提供云服务。目前，它拥有170多个全球网络接入点（POP）。微软是与Amazon、Google和IBM一起拥有最广泛数据中心足迹的四家公司之一。为了提供出色的云体验，微软的全球网络(WAN)跨越超过165,000英里，将其数据中心连接到61 Azure，边缘节点战略性地放置在世界各地。在2021财年第二季度收益看涨期权上，宣布了亚洲、欧洲和拉丁美洲的七个新数据中心区域，并增加了对美国绝密机密工作负载的支持。</blockquote></p><p> Microsoft has acquired around 210 companies since 1994; in recent years, MSFT has made key buys to help bolster its cloud services. In 2019, Microsoft&nbsp;acquired&nbsp;Movere, an innovative technology provider in the cloud migration space. During 2020, to enhance its capabilities for a 5G ecosystem, and support the telecommunications industry,&nbsp;Microsoft&nbsp;acquired&nbsp;Affirmed Networks and Metaswitch Networks. To ensure robust security capabilities, CyberX was&nbsp;acquired&nbsp;to complement the existing Azure IoT security systems.&nbsp;Aorato&nbsp;(2014),&nbsp;Adallom&nbsp;(2015),&nbsp;Secure Islands&nbsp;(2015), and&nbsp;Hexadite&nbsp;(2017) are some of its other acquisitions to strengthen the Azure security ecosystem.</p><p><blockquote>自1994年以来，微软已收购了约210家公司；近年来，MSFT进行了重大收购，以帮助加强其云服务。2019年，微软收购了云迁移领域的创新技术提供商Movere。2020年，为了增强其5G生态系统的能力并支持电信行业，微软收购了Affirmed Networks和Metaswitch Networks。为了确保强大的安全能力，收购CyberX是为了补充现有的Azure物联网安全系统。Aorato（2014年）、Adallom（2015年）、Secure Islands（2015年）和Hexadite（2017年）是其加强Azure安全生态系统的其他一些收购。</blockquote></p><p> More organizations are relying on cloud computing, from healthcare AI-assisted bots, to digital twins in manufacturing, to ecommerce in retail. The worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020,&nbsp;according&nbsp;to Gartner.</p><p><blockquote>越来越多的组织依赖云计算，从医疗保健人工智能辅助机器人，到制造业的数字双胞胎，再到零售业的电子商务。根据Gartner的数据，全球最终用户在公共云服务上的支出预计将在2021年增长18.4%，达到3049亿美元，高于2020年的2575亿美元。</blockquote></p><p> According to Microsoft’s annual&nbsp;report, “Today, leaders in every industry—including 95% of the Fortune 500—run on Azure.” Microsoft continues to expand its partnerships and deals. In July 2020, PepsiCo&nbsp;entered&nbsp;into a five-year partnership with Microsoft as its preferred cloud provider to accelerate PepsiCo’s infrastructure, ERP and data estate consolidation and modernization. Companies such as&nbsp;Bentley&nbsp;Systems (BSY),&nbsp;Honeywell&nbsp;(HON), and&nbsp;Johnson&nbsp;Controls (JCI) have collaborated with Microsoft to utilize technologies such as Azure Digital Twins to bridge the digital and physical worlds, creating simulations of factories to optimize their operations.</p><p><blockquote>根据微软的年度报告，“如今，每个行业的领导者——包括95%的财富500强企业——都在Azure上运行。”微软继续扩大其合作伙伴关系和交易。2020年7月，百事公司与微软作为其首选云提供商建立了为期五年的合作伙伴关系，以加速百事公司的基础设施、ERP和数据资产整合和现代化。Bentley Systems(BSY)、Honeywell(HON)和Johnson Controls(JCI)等公司已与微软合作，利用Azure Digital Twins等技术来连接数字世界和物理世界，创建工厂模拟以优化其运营。</blockquote></p><p> Read More</p><p><blockquote>阅读更多</blockquote></p><p> In January 2021, GM and Cruise&nbsp;partnered&nbsp;with Microsoft to leverage Azure to commercialize its unique autonomous vehicle solutions at scale.&nbsp;In addition, GM will explore opportunities with Microsoft to streamline operations across digital supply chains. In February 2021, Volkswagen&nbsp;teamed&nbsp;up with Microsoft for its software company Car.Software Organization to build a cloud-based Automated Driving Platform on Microsoft Azure and leverage its computing and data capabilities.</p><p><blockquote>2021年1月，通用汽车和Cruise与微软合作，利用Azure将其独特的自动驾驶汽车解决方案大规模商业化，此外，通用汽车还将与微软探索简化数字供应链运营的机会。2021年2月，大众汽车与微软合作开发其软件公司Car。软件组织，在微软Azure上构建基于云的自动驾驶平台，并利用其计算和数据能力。</blockquote></p><p> In other partnerships, SAP SE&nbsp;(SAP) and Microsoft joined hands to accelerate the adoption of SAP S/4HANA on Microsoft Azure. Together, both the companies are working to simplify and streamline customers’ journeys to the cloud. While&nbsp;Amadeus&nbsp;and Microsoft will harness cloud technology to create smoother travel experiences in the future.</p><p><blockquote>在其他合作伙伴关系中，SAP SE（SAP）和微软携手加速SAP S/4HANA在微软Azure上的采用。两家公司都在共同努力简化和精简客户的云之旅。而Amadeus和微软将利用云技术在未来创造更顺畅的旅行体验。</blockquote></p><p></p><p> Gaming is another area&nbsp;that has huge potential. In October 2018, Microsoft&nbsp;announced&nbsp;Project xCloud&nbsp;to build cloud gaming. During the Q2 FY2021, Microsoft surpassed $5 billion for the first time in gaming revenue.</p><p><blockquote>游戏是另一个潜力巨大的领域。2018年10月，微软宣布了Project xCloud来构建云游戏。2021财年第二季度，微软游戏收入首次突破50亿美元。</blockquote></p><p> With research and development efforts, initiatives, and partnerships, Azure has&nbsp;doubled&nbsp;its worldwide market share from 10% in&nbsp;2014&nbsp;to 20% in 2020. It is&nbsp;estimated&nbsp;that the “proportion of&nbsp;IT spending&nbsp;that is shifting to cloud will accelerate in the aftermath of the&nbsp;COVID-19&nbsp;crisis, with cloud projected to make up 14.2% of the total global enterprise IT spending market in 2024, up from 9.1% in 2020.” This shift will create an opportunity for companies such as Microsoft, which is already enabling companies across industries to build their digital capabilities.</p><p><blockquote>通过研发工作、计划和合作伙伴关系，Azure的全球市场份额翻了一番，从2014年的10%增加到2020年的20%。据估计，“在COVID-19危机之后，转向云的IT支出比例将加速，预计到2024年，云将占全球企业IT支出市场总额的14.2%，高于2020年的9.1%。”这一转变将为微软等公司创造机会，这些公司已经在帮助各行各业的公司建立数字能力。</blockquote></p><p> <i>* Commercial cloud annualized revenue run rate is calculated by multiplying revenue for the last month of the quarter by twelve for Office 365 commercial, Azure, Dynamics Online, and other cloud properties.</i></p><p><blockquote><i>*商业云年化收入运行率的计算方法是将Office 365商业版、Azure、Dynamics Online和其他云属性的季度最后一个月的收入乘以12。</i></blockquote></p><p> <i>Microsoft follows a July-June earnings calendar.</i></p><p><blockquote><i>微软遵循7月至6月的盈利日历。</i></blockquote></p><p> <i>The author has no position in any stocks mentioned. Investors should&nbsp;consider the above information not as a de facto recommendation, but as an idea for further consideration.</i></p><p><blockquote><i>作者没有持有任何提到的股票。投资者不应将上述信息视为事实上的建议，而应将其视为进一步考虑的想法。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/how-microsoft-is-powering-digital-transformation-from-the-cloud-2021-03-26\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/how-microsoft-is-powering-digital-transformation-from-the-cloud-2021-03-26","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164511550","content_text":"Seven years ago, on March 24, 2014, Microsoft announced the upcoming name change for Windows Azure to Microsoft Azure. This change, which came into effect on April 3, marked a symbolic shift in Microsoft Corporation’s (MSFT) overall business strategy. The move reflected its focus to tap the demand for cloud, against the backdrop of a renewed vision for a “mobile-first, cloud-first, data-powered world” of its then newly appointed CEO, Satya Nadella. Over these years, cloud computing has become an integral part of Microsoft.\nHere’s an overview of its journey so far, and how it’s working to boost Microsoft Azure.\nIn FY 2014 (July-June), Microsoft reported that its commercial cloud revenue hit a $4.4 billion annual run-rate. Within a year, it surpassed $8 billion annualized run-rate. It was around this time that Microsoft set an ambitious target of achieving $20 billion in commercial cloud annualized revenue run-rate in FY 2018. By FY 2016, its annualized revenue run-rate had exceeded $12.1 billion, and FY 2017 witnessed the figure cross $18.9 billion. Microsoft’s commercial cloud business delivered more than $23 billion in revenue in FY 2018, topping the ambitious goal it had set, nine months ahead of schedule. During 2019, $38 billion in revenue was posted while FY 2020 witnessed its commercial cloud surpass $50 billion in revenue for the first time. During Q2 FY 2021 (October-December), Microsoft reported a 34% year over year increase in its commercial cloud revenue to $16.7 billion.\nMicrosoft has been expanding its network of data centers to offer its cloud services to more customers. Currently, it has more than 170 global network  Points of Presence (POPs). Microsoft is one of the four companies along with Amazon, Google and IBM with the broadest data center footprint. To deliver a great cloud experience, Microsoft's global network (WAN) spans more than 165,000 miles connecting its data centersacross 61 Azure, with edge-nodes strategically placed around the world. During the Q2 FY 2021earnings call, seven new data center regions in Asia, Europe and Latin America were announced along with adding support for top-secret classified workloads in the U.S.\nMicrosoft has acquired around 210 companies since 1994; in recent years, MSFT has made key buys to help bolster its cloud services. In 2019, Microsoft acquired Movere, an innovative technology provider in the cloud migration space. During 2020, to enhance its capabilities for a 5G ecosystem, and support the telecommunications industry, Microsoft acquired Affirmed Networks and Metaswitch Networks. To ensure robust security capabilities, CyberX was acquired to complement the existing Azure IoT security systems. Aorato (2014), Adallom (2015), Secure Islands (2015), and Hexadite (2017) are some of its other acquisitions to strengthen the Azure security ecosystem.\nMore organizations are relying on cloud computing, from healthcare AI-assisted bots, to digital twins in manufacturing, to ecommerce in retail. The worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020, according to Gartner.\nAccording to Microsoft’s annual report, “Today, leaders in every industry—including 95% of the Fortune 500—run on Azure.” Microsoft continues to expand its partnerships and deals. In July 2020, PepsiCo entered into a five-year partnership with Microsoft as its preferred cloud provider to accelerate PepsiCo’s infrastructure, ERP and data estate consolidation and modernization. Companies such as Bentley Systems (BSY), Honeywell (HON), and Johnson Controls (JCI) have collaborated with Microsoft to utilize technologies such as Azure Digital Twins to bridge the digital and physical worlds, creating simulations of factories to optimize their operations.\nRead More\nIn January 2021, GM and Cruise partnered with Microsoft to leverage Azure to commercialize its unique autonomous vehicle solutions at scale. In addition, GM will explore opportunities with Microsoft to streamline operations across digital supply chains. In February 2021, Volkswagen teamed up with Microsoft for its software company Car.Software Organization to build a cloud-based Automated Driving Platform on Microsoft Azure and leverage its computing and data capabilities.\nIn other partnerships, SAP SE (SAP) and Microsoft joined hands to accelerate the adoption of SAP S/4HANA on Microsoft Azure. Together, both the companies are working to simplify and streamline customers’ journeys to the cloud. While Amadeus and Microsoft will harness cloud technology to create smoother travel experiences in the future.\nGaming is another area that has huge potential. In October 2018, Microsoft announced Project xCloud to build cloud gaming. During the Q2 FY2021, Microsoft surpassed $5 billion for the first time in gaming revenue.\nWith research and development efforts, initiatives, and partnerships, Azure has doubled its worldwide market share from 10% in 2014 to 20% in 2020. It is estimated that the “proportion of IT spending that is shifting to cloud will accelerate in the aftermath of the COVID-19 crisis, with cloud projected to make up 14.2% of the total global enterprise IT spending market in 2024, up from 9.1% in 2020.” This shift will create an opportunity for companies such as Microsoft, which is already enabling companies across industries to build their digital capabilities.\n* Commercial cloud annualized revenue run rate is calculated by multiplying revenue for the last month of the quarter by twelve for Office 365 commercial, Azure, Dynamics Online, and other cloud properties.\nMicrosoft follows a July-June earnings calendar.\nThe author has no position in any stocks mentioned. Investors should consider the above information not as a de facto recommendation, but as an idea for further consideration.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352173032,"gmtCreate":1616914807126,"gmtModify":1634523537489,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352173032","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358442580,"gmtCreate":1616725485140,"gmtModify":1634524341030,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Indeed","listText":"Indeed","text":"Indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358442580","repostId":"1130786077","repostType":4,"isVote":1,"tweetType":1,"viewCount":1383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":358442580,"gmtCreate":1616725485140,"gmtModify":1634524341030,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Indeed","listText":"Indeed","text":"Indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358442580","repostId":"1130786077","repostType":4,"isVote":1,"tweetType":1,"viewCount":1383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361801577,"gmtCreate":1614217602499,"gmtModify":1634550663649,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/361801577","repostId":"1109259264","repostType":4,"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389625977,"gmtCreate":1612769791399,"gmtModify":1703764756249,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/389625977","repostId":"1142252368","repostType":4,"repost":{"id":"1142252368","kind":"news","pubTimestamp":1612768568,"share":"https://www.laohu8.com/m/news/1142252368?lang=zh_CN&edition=full","pubTime":"2021-02-08 15:16","market":"us","language":"en","title":"Despite huge losses, US airlines are rolling in cash<blockquote>尽管亏损巨大，美国航空公司仍在滚动现金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142252368","media":"CNN Business","summary":"New York (CNN Business) The US airline industry just closed the books on theworst year in its histor","content":"<p><b>New York (CNN Business)</b>&nbsp;The US airline industry just closed the books on theworst year in its history, losing a combined $32 billion excluding special items. Yet it still ended 2020 awash in an ocean of cash.</p><p><blockquote><b>纽约（CNN商业）</b>美国航空业刚刚结束了其历史上最糟糕的一年，不包括特殊项目，总共损失了320亿美元。然而，2020年结束时，它仍然充斥着大量现金。</blockquote></p><p> The nation's four largest airlines --American(AAL),Delta(DAL),United(UAL)andSouthwest(LUV)-- among themhad $31.5 billion in cash on their balance sheets at the end of 2020. That's up from $13 billion a year earlier, before the pandemic hit. \"Liquidity\" has become a favorite buzzword of airline executives discussing their financial condition. Including the cash and yet untapped credit lines, the airlines have access tonearly $65 billion.</p><p><blockquote>截至2020年底，美国四大航空公司——美国航空(AAL)、达美航空(DAL)、联合航空(UAL)和西南航空(LUV)——资产负债表上的现金为315亿美元。这高于一年前大流行爆发前的130亿美元。“流动性”已成为航空公司高管讨论其财务状况时最喜欢使用的流行语。包括现金和尚未开发的信贷额度在内，航空公司最多可以获得650亿美元。</blockquote></p><p> \"The liquidity is at record levels,\" said Philip Baggaley, chief credit analyst for the airline industry at Standard &amp; Poor's. \"That's good, and it's one of the few strong points they have at this point.\"</p><p><blockquote>标准普尔航空业首席信贷分析师菲利普·巴格利表示：“流动性处于创纪录水平。”“这很好，这是他们目前为数不多的优势之一。”</blockquote></p><p> The airlines received substantial&nbsp;financial help from the federal government, but most of that money was required to be spent keeping staff on payrolls temporarily.</p><p><blockquote>航空公司从联邦政府获得了大量的财政帮助，但大部分资金被要求用于暂时留住员工。</blockquote></p><p> The lion's shareof the borrowing and cash, then, comes from from banks and Wall Street. Like a struggling family flooded with credit card offers, the airlines have a lot of people eager to give them cash.</p><p><blockquote>因此，大部分借款和现金来自银行和华尔街。就像一个陷入困境的家庭被信用卡优惠淹没一样，航空公司有很多人渴望给他们现金。</blockquote></p><p> The airlines have&nbsp;sold bonds, borrowed money<b>,</b>mortgaged their planes,frequent flyer programsand other assets, and evensold additional shares of stock, a highly unusual move for an industry in this position.</p><p><blockquote>航空公司出售债券，借钱<b>,</b>抵押了他们的飞机、常旅客计划和其他资产，甚至出售了额外的股票，这对于处于这种地位的行业来说是非常不寻常的举动。</blockquote></p><p> The borrowing has added about $40 billion in long-term debt to the balance sheets of the nation's airlines.</p><p><blockquote>此次借款使美国航空公司的资产负债表增加了约400亿美元的长期债务。</blockquote></p><p> \"I think the general feeling is they're wounded but they're going to make it,\" said Baggaley. The low interest rate environment has helped the airlines, as investors and banks looking for yields have been willing to lend to the airlines, he added. All the carriers except Southwest have junk bond credit ratings.</p><p><blockquote>“我认为普遍的感觉是他们受伤了，但他们会挺过来的，”巴格利说。他补充说，低利率环境帮助了航空公司，因为寻求收益的投资者和银行愿意向航空公司提供贷款。除西南航空外，所有航空公司都拥有垃圾债券信用评级。</blockquote></p><p> They have also made deep cost cuts, even with government help that prevented them from making permanent, involuntary job cuts.</p><p><blockquote>他们还大幅削减了成本，即使政府帮助阻止了他们进行永久性的、非自愿的裁员。</blockquote></p><p> The airlines used buyouts and early retirement to cut about 16% of the staff they had at the start of 2021. In recent weeks, American and United sent out layoff notices to 27,000 employees between them, saying they could again be furloughed unless there is a third round of government assistance before April 1.</p><p><blockquote>2021年初，航空公司利用买断和提前退休的方式裁员约16%。最近几周，美国航空和联合航空向27,000名员工发出了裁员通知，称除非4月1日之前政府提供第三轮援助，否则他们可能会再次休假。</blockquote></p><p> Many of those employees had been&nbsp;laid off in Octoberwhen the first round of federal payroll support ran out, and were called back to work in December when thesecond Covid relief package&nbsp;provided an additional $17 billion to the industry. Last week, airline unions were back on Capitol Hill appealing for another round of help to keep their members employed.</p><p><blockquote>其中许多员工在10月份第一轮联邦工资支持用完时被解雇，并在12月份第二轮新冠救助计划为该行业额外提供了170亿美元时被召回工作。上周，航空公司工会回到国会山，呼吁提供新一轮帮助，以保持其成员的就业。</blockquote></p><p> The cost cuts slashed the rate at which the airlines burned through cash by about half between the second quarter to the fourth quarter last year, even as air travel and revenuesremained a fraction of what they were before the pandemic.</p><p><blockquote>去年第二季度至第四季度期间，成本削减将航空公司的现金消耗率削减了约一半，尽管航空旅行和收入仍仅为疫情爆发前的一小部分。</blockquote></p><p> But even as they trimmed the pace of cash burn, the four airlines combined blew through $115 million a day over the course of the final nine months of 2020. And they expect to continue burning through cash, albeit at a slower pace, in the first half of 2021. Building a substantial cash reserve is the only sure way to get through this unprecedented financial crisis, airline executives say.</p><p><blockquote>但即使他们降低了现金消耗的速度，这四家航空公司在2020年最后9个月内每天的支出总计达到1.15亿美元。他们预计2021年上半年将继续烧钱，尽管速度较慢。航空公司高管表示，建立大量现金储备是度过这场前所未有的金融危机的唯一可靠方法。</blockquote></p><p> \"Our industry still has a long path to recovery ahead,\" said American CEO Doug Parker on recent conference call with investors. He said the accumulation of cash, combined with cost cutting, built up \"gives us confidence that we are well positioned for the year ahead and the long term.\"</p><p><blockquote>“我们的行业还有很长的复苏之路，”美国首席执行官道格·帕克在最近与投资者的电话会议上表示。他表示，现金的积累，加上成本的削减，“让我们有信心为未来一年和长期做好准备。”</blockquote></p><p> Other than Southwest, which just posted its&nbsp;first annual losssince 1973, the nation's other major airlines all have at least one bankruptcy in their histories. The industry's current strong cash position raises hopes that they can avoid that fate this time. But that depends on when traffic returns, and even the airlines aren't sure when that will be.</p><p><blockquote>除了刚刚公布自1973年以来首次年度亏损的西南航空公司外，美国其他主要航空公司历史上都至少经历过一次破产。该行业目前强劲的现金状况让人们希望他们这次能够避免这种命运。但这取决于交通何时恢复，甚至航空公司也不确定何时恢复。</blockquote></p><p> \"I've got 10 straight months of data saying that people are ready to travel in six months. It keeps saying the same thing,\" American's Parker said in an interview on CNBC recently. \"What I do believe is that once people are comfortable, it will come back relatively quickly. There is huge pent-up demand to travel. We hear it everywhere we go. But no one is going to travel until there are things to do when you travel, and until the vaccine is distributed and the pandemic is largely eradicated.\"</p><p><blockquote>美国航空公司的帕克最近在接受CNBC采访时表示：“我已经连续10个月的数据表明，人们准备在六个月内旅行。它一直在说同样的话。”“我确实相信的是，一旦人们感到舒适，它就会相对较快地回来。人们对旅行有巨大的被压抑的需求。我们所到之处都能听到这种需求。但没有人会去旅行，直到你旅行时有事情可做，直到疫苗分发完毕，大流行基本被根除。”</blockquote></p><p> S&amp;P's Baggaley believes airlines \"are past the worst of it,\" he said. None of them have filed for bankruptcy, and he believes the odds are that they won't.</p><p><blockquote>标准普尔的巴格利认为航空公司“已经度过了最糟糕的时期”，他说。他们都没有申请破产，他相信他们很可能不会。</blockquote></p><p></p><p> But he cautions that unlike the string of&nbsp;retail bankruptcies&nbsp;early last year that took place weeks or months into the crisis, airline bankruptcies historically can occur years after a financial crisis. Delta and Northwestdidn't file until 2005, years after 9/11. Americandidn't file until 2011, well after the Great Recession.</p><p><blockquote>但他警告说，与去年初危机发生数周或数月后发生的一系列零售业破产不同，航空公司破产历史上可能发生在金融危机发生数年后。达美航空和西北航空直到2005年才提交申请，也就是9/11几年后。美国直到2011年才提交申请，那是在大衰退之后很久。</blockquote></p><p> \"It's a reasonable concern that they are going to emerge from this with a lot more debt,\" he said.</p><p><blockquote>他说：“人们有理由担心他们将背负更多债务。”</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>Despite huge losses, US airlines are rolling in cash<blockquote>尽管亏损巨大，美国航空公司仍在滚动现金</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\">\nDespite huge losses, US airlines are rolling in cash<blockquote>尽管亏损巨大，美国航空公司仍在滚动现金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-02-08 15:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)</b>&nbsp;The US airline industry just closed the books on theworst year in its history, losing a combined $32 billion excluding special items. Yet it still ended 2020 awash in an ocean of cash.</p><p><blockquote><b>纽约（CNN商业）</b>美国航空业刚刚结束了其历史上最糟糕的一年，不包括特殊项目，总共损失了320亿美元。然而，2020年结束时，它仍然充斥着大量现金。</blockquote></p><p> The nation's four largest airlines --American(AAL),Delta(DAL),United(UAL)andSouthwest(LUV)-- among themhad $31.5 billion in cash on their balance sheets at the end of 2020. That's up from $13 billion a year earlier, before the pandemic hit. \"Liquidity\" has become a favorite buzzword of airline executives discussing their financial condition. Including the cash and yet untapped credit lines, the airlines have access tonearly $65 billion.</p><p><blockquote>截至2020年底，美国四大航空公司——美国航空(AAL)、达美航空(DAL)、联合航空(UAL)和西南航空(LUV)——资产负债表上的现金为315亿美元。这高于一年前大流行爆发前的130亿美元。“流动性”已成为航空公司高管讨论其财务状况时最喜欢使用的流行语。包括现金和尚未开发的信贷额度在内，航空公司最多可以获得650亿美元。</blockquote></p><p> \"The liquidity is at record levels,\" said Philip Baggaley, chief credit analyst for the airline industry at Standard &amp; Poor's. \"That's good, and it's one of the few strong points they have at this point.\"</p><p><blockquote>标准普尔航空业首席信贷分析师菲利普·巴格利表示：“流动性处于创纪录水平。”“这很好，这是他们目前为数不多的优势之一。”</blockquote></p><p> The airlines received substantial&nbsp;financial help from the federal government, but most of that money was required to be spent keeping staff on payrolls temporarily.</p><p><blockquote>航空公司从联邦政府获得了大量的财政帮助，但大部分资金被要求用于暂时留住员工。</blockquote></p><p> The lion's shareof the borrowing and cash, then, comes from from banks and Wall Street. Like a struggling family flooded with credit card offers, the airlines have a lot of people eager to give them cash.</p><p><blockquote>因此，大部分借款和现金来自银行和华尔街。就像一个陷入困境的家庭被信用卡优惠淹没一样，航空公司有很多人渴望给他们现金。</blockquote></p><p> The airlines have&nbsp;sold bonds, borrowed money<b>,</b>mortgaged their planes,frequent flyer programsand other assets, and evensold additional shares of stock, a highly unusual move for an industry in this position.</p><p><blockquote>航空公司出售债券，借钱<b>,</b>抵押了他们的飞机、常旅客计划和其他资产，甚至出售了额外的股票，这对于处于这种地位的行业来说是非常不寻常的举动。</blockquote></p><p> The borrowing has added about $40 billion in long-term debt to the balance sheets of the nation's airlines.</p><p><blockquote>此次借款使美国航空公司的资产负债表增加了约400亿美元的长期债务。</blockquote></p><p> \"I think the general feeling is they're wounded but they're going to make it,\" said Baggaley. The low interest rate environment has helped the airlines, as investors and banks looking for yields have been willing to lend to the airlines, he added. All the carriers except Southwest have junk bond credit ratings.</p><p><blockquote>“我认为普遍的感觉是他们受伤了，但他们会挺过来的，”巴格利说。他补充说，低利率环境帮助了航空公司，因为寻求收益的投资者和银行愿意向航空公司提供贷款。除西南航空外，所有航空公司都拥有垃圾债券信用评级。</blockquote></p><p> They have also made deep cost cuts, even with government help that prevented them from making permanent, involuntary job cuts.</p><p><blockquote>他们还大幅削减了成本，即使政府帮助阻止了他们进行永久性的、非自愿的裁员。</blockquote></p><p> The airlines used buyouts and early retirement to cut about 16% of the staff they had at the start of 2021. In recent weeks, American and United sent out layoff notices to 27,000 employees between them, saying they could again be furloughed unless there is a third round of government assistance before April 1.</p><p><blockquote>2021年初，航空公司利用买断和提前退休的方式裁员约16%。最近几周，美国航空和联合航空向27,000名员工发出了裁员通知，称除非4月1日之前政府提供第三轮援助，否则他们可能会再次休假。</blockquote></p><p> Many of those employees had been&nbsp;laid off in Octoberwhen the first round of federal payroll support ran out, and were called back to work in December when thesecond Covid relief package&nbsp;provided an additional $17 billion to the industry. Last week, airline unions were back on Capitol Hill appealing for another round of help to keep their members employed.</p><p><blockquote>其中许多员工在10月份第一轮联邦工资支持用完时被解雇，并在12月份第二轮新冠救助计划为该行业额外提供了170亿美元时被召回工作。上周，航空公司工会回到国会山，呼吁提供新一轮帮助，以保持其成员的就业。</blockquote></p><p> The cost cuts slashed the rate at which the airlines burned through cash by about half between the second quarter to the fourth quarter last year, even as air travel and revenuesremained a fraction of what they were before the pandemic.</p><p><blockquote>去年第二季度至第四季度期间，成本削减将航空公司的现金消耗率削减了约一半，尽管航空旅行和收入仍仅为疫情爆发前的一小部分。</blockquote></p><p> But even as they trimmed the pace of cash burn, the four airlines combined blew through $115 million a day over the course of the final nine months of 2020. And they expect to continue burning through cash, albeit at a slower pace, in the first half of 2021. Building a substantial cash reserve is the only sure way to get through this unprecedented financial crisis, airline executives say.</p><p><blockquote>但即使他们降低了现金消耗的速度，这四家航空公司在2020年最后9个月内每天的支出总计达到1.15亿美元。他们预计2021年上半年将继续烧钱，尽管速度较慢。航空公司高管表示，建立大量现金储备是度过这场前所未有的金融危机的唯一可靠方法。</blockquote></p><p> \"Our industry still has a long path to recovery ahead,\" said American CEO Doug Parker on recent conference call with investors. He said the accumulation of cash, combined with cost cutting, built up \"gives us confidence that we are well positioned for the year ahead and the long term.\"</p><p><blockquote>“我们的行业还有很长的复苏之路，”美国首席执行官道格·帕克在最近与投资者的电话会议上表示。他表示，现金的积累，加上成本的削减，“让我们有信心为未来一年和长期做好准备。”</blockquote></p><p> Other than Southwest, which just posted its&nbsp;first annual losssince 1973, the nation's other major airlines all have at least one bankruptcy in their histories. The industry's current strong cash position raises hopes that they can avoid that fate this time. But that depends on when traffic returns, and even the airlines aren't sure when that will be.</p><p><blockquote>除了刚刚公布自1973年以来首次年度亏损的西南航空公司外，美国其他主要航空公司历史上都至少经历过一次破产。该行业目前强劲的现金状况让人们希望他们这次能够避免这种命运。但这取决于交通何时恢复，甚至航空公司也不确定何时恢复。</blockquote></p><p> \"I've got 10 straight months of data saying that people are ready to travel in six months. It keeps saying the same thing,\" American's Parker said in an interview on CNBC recently. \"What I do believe is that once people are comfortable, it will come back relatively quickly. There is huge pent-up demand to travel. We hear it everywhere we go. But no one is going to travel until there are things to do when you travel, and until the vaccine is distributed and the pandemic is largely eradicated.\"</p><p><blockquote>美国航空公司的帕克最近在接受CNBC采访时表示：“我已经连续10个月的数据表明，人们准备在六个月内旅行。它一直在说同样的话。”“我确实相信的是，一旦人们感到舒适，它就会相对较快地回来。人们对旅行有巨大的被压抑的需求。我们所到之处都能听到这种需求。但没有人会去旅行，直到你旅行时有事情可做，直到疫苗分发完毕，大流行基本被根除。”</blockquote></p><p> S&amp;P's Baggaley believes airlines \"are past the worst of it,\" he said. None of them have filed for bankruptcy, and he believes the odds are that they won't.</p><p><blockquote>标准普尔的巴格利认为航空公司“已经度过了最糟糕的时期”，他说。他们都没有申请破产，他相信他们很可能不会。</blockquote></p><p></p><p> But he cautions that unlike the string of&nbsp;retail bankruptcies&nbsp;early last year that took place weeks or months into the crisis, airline bankruptcies historically can occur years after a financial crisis. Delta and Northwestdidn't file until 2005, years after 9/11. Americandidn't file until 2011, well after the Great Recession.</p><p><blockquote>但他警告说，与去年初危机发生数周或数月后发生的一系列零售业破产不同，航空公司破产历史上可能发生在金融危机发生数年后。达美航空和西北航空直到2005年才提交申请，也就是9/11几年后。美国直到2011年才提交申请，那是在大衰退之后很久。</blockquote></p><p> \"It's a reasonable concern that they are going to emerge from this with a lot more debt,\" he said.</p><p><blockquote>他说：“人们有理由担心他们将背负更多债务。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/02/07/business/airlines-cash/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","LUV":"西南航空","DAL":"达美航空","AAL":"美国航空"},"source_url":"https://edition.cnn.com/2021/02/07/business/airlines-cash/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142252368","content_text":"New York (CNN Business) The US airline industry just closed the books on theworst year in its history, losing a combined $32 billion excluding special items. Yet it still ended 2020 awash in an ocean of cash.\nThe nation's four largest airlines --American(AAL),Delta(DAL),United(UAL)andSouthwest(LUV)-- among themhad $31.5 billion in cash on their balance sheets at the end of 2020. That's up from $13 billion a year earlier, before the pandemic hit. \"Liquidity\" has become a favorite buzzword of airline executives discussing their financial condition. Including the cash and yet untapped credit lines, the airlines have access tonearly $65 billion.\n\"The liquidity is at record levels,\" said Philip Baggaley, chief credit analyst for the airline industry at Standard & Poor's. \"That's good, and it's one of the few strong points they have at this point.\"\nThe airlines received substantial financial help from the federal government, but most of that money was required to be spent keeping staff on payrolls temporarily.\nThe lion's shareof the borrowing and cash, then, comes from from banks and Wall Street. Like a struggling family flooded with credit card offers, the airlines have a lot of people eager to give them cash.\nThe airlines have sold bonds, borrowed money,mortgaged their planes,frequent flyer programsand other assets, and evensold additional shares of stock, a highly unusual move for an industry in this position.\nThe borrowing has added about $40 billion in long-term debt to the balance sheets of the nation's airlines.\n\"I think the general feeling is they're wounded but they're going to make it,\" said Baggaley. The low interest rate environment has helped the airlines, as investors and banks looking for yields have been willing to lend to the airlines, he added. All the carriers except Southwest have junk bond credit ratings.\nThey have also made deep cost cuts, even with government help that prevented them from making permanent, involuntary job cuts.\nThe airlines used buyouts and early retirement to cut about 16% of the staff they had at the start of 2021. In recent weeks, American and United sent out layoff notices to 27,000 employees between them, saying they could again be furloughed unless there is a third round of government assistance before April 1.\nMany of those employees had been laid off in Octoberwhen the first round of federal payroll support ran out, and were called back to work in December when thesecond Covid relief package provided an additional $17 billion to the industry. Last week, airline unions were back on Capitol Hill appealing for another round of help to keep their members employed.\nThe cost cuts slashed the rate at which the airlines burned through cash by about half between the second quarter to the fourth quarter last year, even as air travel and revenuesremained a fraction of what they were before the pandemic.\nBut even as they trimmed the pace of cash burn, the four airlines combined blew through $115 million a day over the course of the final nine months of 2020. And they expect to continue burning through cash, albeit at a slower pace, in the first half of 2021. Building a substantial cash reserve is the only sure way to get through this unprecedented financial crisis, airline executives say.\n\"Our industry still has a long path to recovery ahead,\" said American CEO Doug Parker on recent conference call with investors. He said the accumulation of cash, combined with cost cutting, built up \"gives us confidence that we are well positioned for the year ahead and the long term.\"\nOther than Southwest, which just posted its first annual losssince 1973, the nation's other major airlines all have at least one bankruptcy in their histories. The industry's current strong cash position raises hopes that they can avoid that fate this time. But that depends on when traffic returns, and even the airlines aren't sure when that will be.\n\"I've got 10 straight months of data saying that people are ready to travel in six months. It keeps saying the same thing,\" American's Parker said in an interview on CNBC recently. \"What I do believe is that once people are comfortable, it will come back relatively quickly. There is huge pent-up demand to travel. We hear it everywhere we go. But no one is going to travel until there are things to do when you travel, and until the vaccine is distributed and the pandemic is largely eradicated.\"\nS&P's Baggaley believes airlines \"are past the worst of it,\" he said. None of them have filed for bankruptcy, and he believes the odds are that they won't.\nBut he cautions that unlike the string of retail bankruptcies early last year that took place weeks or months into the crisis, airline bankruptcies historically can occur years after a financial crisis. Delta and Northwestdidn't file until 2005, years after 9/11. Americandidn't file until 2011, well after the Great Recession.\n\"It's a reasonable concern that they are going to emerge from this with a lot more debt,\" he said.","news_type":1,"symbols_score_info":{"AAL":0.9,"LUV":0.9,"UAL":0.9,"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386528662,"gmtCreate":1613211986656,"gmtModify":1634554142833,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/386528662","repostId":"1179092967","repostType":4,"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345266068,"gmtCreate":1618319579554,"gmtModify":1634293753789,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/345266068","repostId":"1101547328","repostType":4,"isVote":1,"tweetType":1,"viewCount":2537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359175017,"gmtCreate":1616378066539,"gmtModify":1634526173315,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/359175017","repostId":"1160065206","repostType":4,"repost":{"id":"1160065206","kind":"news","pubTimestamp":1616374606,"share":"https://www.laohu8.com/m/news/1160065206?lang=zh_CN&edition=full","pubTime":"2021-03-22 08:56","market":"us","language":"en","title":"The Fed May Have Just Sealed The Stock Market's Fate<blockquote>美联储可能刚刚决定了股市的命运</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160065206","media":"seekingalpha","summary":"Summary\n\nThe Fed's outlook of lower for as long as possible was just what stocks wanted to hear.\nHow","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>The Fed's outlook of lower for as long as possible was just what stocks wanted to hear.</li>  <li>However, that has sent US yields soaring.</li>  <li>The higher yields will force a massive repricing of equity valuation.</li>  <li>Looking for a helping hand in the market? Members of Reading The Markets get exclusive ideas and guidance to navigate any climate.</li> </ul> The Fed gave the equity market exactly what it wanted, lower for as long as possible. Unfortunately, the bond market doesn't seem as pleased, which will be horrible news for the stock market. Rising rates are crushing growth and technology stocks, and soon the rest of the market will follow because there are very few if any \"cheap\" sectors left in the market.</p><p><blockquote><ul><li>美联储尽可能长时间走低的前景正是股市想听到的。</li><li>然而，这导致美国收益率飙升。</li><li>较高的收益率将迫使股票估值大幅重新定价。</li><li>在市场上寻找援助之手？阅读市场的成员可以获得应对任何气候的独家想法和指导。</li></ul>美联储给了股市它想要的东西，尽可能长时间地走低。不幸的是，债券市场似乎并不高兴，这对股市来说将是一个可怕的消息。利率上升正在压垮成长股和科技股，很快市场的其他部分也会效仿，因为市场上几乎没有“廉价”板块。</blockquote></p><p> In essence, the Fed will let the economy run hot, and the bond market does not seem the least bit comfortable with that. Rates are rising sharply on March 18, with the 10-Year now trading just under 1.75%. The curve continues to lift because the bond market fears that a hot economy could quickly overheat, causing prices to rise, and inflation becomes an issue.</p><p><blockquote>从本质上讲，美联储将让经济过热，而债券市场似乎对此一点也不满意。3月18日利率大幅上升，10年期国债收益率目前略低于1.75%。曲线继续抬升，因为债券市场担心火热的经济可能会迅速过热，导致价格上涨，通胀成为一个问题。</blockquote></p><p> It leaves the door open for the Fed to start having to taper its bond purchases and to raise rates much sooner than expected and potentially much faster than indicated. This is resulting in bond yields pushing higher. Additionally, there's a tremendous amount of debt coming to the market, with another round of fiscal stimulus passed, and more supply will need a lot more demand.</p><p><blockquote>这为美联储开始缩减债券购买规模并比预期更快加息敞开了大门，也可能比预期快得多。这导致债券收益率推高。此外，随着另一轮财政刺激计划的通过，大量债务进入市场，更多的供应将需要更多的需求。</blockquote></p><p> While the news at first seems to be everything the stock market wants to hear, it's not good news. In fact, there was very little the Fed could have on March 17 to please both the stock and bond market. The Fed chose to placate the stock market. But stock prices are derived from interest rates, and as interest rates rise, stock prices need to reprice. They have been repricing and shall continue to reprice at lower levels.</p><p><blockquote>虽然这个消息一开始似乎是股市想听到的一切，但这并不是好消息。事实上，美联储在3月17日几乎没有什么可以取悦股市和债市。美联储选择安抚股市。但股价是由利率衍生出来的，随着利率上升，股价需要重新定价。他们一直在重新定价，并将继续以较低的水平重新定价。</blockquote></p><p> The problem is that now, relative to the 10-year note, the S&amp;P 500 has a valuation on par with the periods in January 2018 and October 2018. At no other time in modern history has the index been this expensive on a relative basis in this low-interest rate world. Everything changed in 2008 when we flipped from a high rate to a low rate world, so the period of 1999 would not be a fair comparison.</p><p><blockquote>问题是，现在，相对于10年期国债，标普500的估值与2018年1月和2018年10月期间持平。在现代历史上，在这个低利率的世界里，该指数的相对价格从未如此昂贵。2008年，当我们从高利率转向低利率世界时，一切都发生了变化，所以1999年的时期不是一个公平的比较。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/06eb49f0f96fe3d05081b17e0de7ca77\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> From another angle, the S&amp;P 500 dividend yield is currently around 1.44%, and it has only been lower one other period in time, at the turn of the century. And now, the 10-Year once again has a higher yield than the S&amp;P 500. So will the 10-Year yield pull the S&amp;P 500 dividend yield over time? It seems possible. Since 2010 the 10-year has traded with a premium over the S&amp;P 500 dividend yield of 21 bps. It is currently 20 bps, which means that a movement high in the 10-year from this point is likely to result in the premium growing wider, or dragging the S&amp;P 500 yield higher along with the 10-year.</p><p><blockquote>从另一个角度来看，标普500的股息收益率目前在1.44%左右，而且只是在世纪之交的另一个时期较低。而现在，10年期国债的收益率再次高于标普500。那么随着时间的推移，10年期国债收益率会拉低标普500的股息收益率吗？似乎有可能。自2010年以来，10年期国债的交易价格比标普500股息收益率溢价21个基点。目前为20个基点，这意味着从此时开始升至10年期高点可能会导致溢价扩大，或拖累标普500收益率与10年期国债收益率一起走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6d0b5613b7b88e02f76e004aededbcaa\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The rising yields in the bond market have prompted investors to refocus from growth and technology stocks to value and reflation stocks. The problem is that there is no bargain sector left - there's no \"value\" trade. The cheap stocks are cheap for a reason and because they have weak fundamentals. Over the past six months, the top ten holdings in the S&amp;P 500 Value ETF have skyrocketed.</p><p><blockquote>债券市场收益率的上升促使投资者将注意力从成长型和科技股重新转向价值型和通货再膨胀型股票。问题是已经没有便宜货了——没有“价值”贸易。便宜的股票便宜是有原因的，因为它们的基本面很弱。半年来，标普500价值ETF的前十大重仓股暴涨。</blockquote></p><p></p><p> <table>  <tbody>   <tr>    <td>Name</td>    <td>Symbol</td>    <td>3/18/2021</td>    <td>10/31/2020</td>    <td>% Change</td>   </tr>   <tr>    <td>EXXON MOBIL ORD</td>    <td>XOM</td>    <td>58.25</td>    <td>$ 32.62</td>    <td>78.57%</td>   </tr>   <tr>    <td>BANK OF AMERICA ORD</td>    <td>BAC</td>    <td>39.9274</td>    <td>$ 23.70</td>    <td>68.47%</td>   </tr>   <tr>    <td>JPMORGAN CHASE ORD</td>    <td>JPM</td>    <td>161.48</td>    <td>$ 98.04</td>    <td>64.71%</td>   </tr>   <tr>    <td>WALT DISNEY ORD</td>    <td>DIS</td>    <td>193.735</td>    <td>$ 121.25</td>    <td>59.78%</td>   </tr>   <tr>    <td>CHEVRON ORD</td>    <td>CVX</td>    <td>106.65</td>    <td>$ 69.50</td>    <td>53.45%</td>   </tr>   <tr>    <td>INTEL ORD</td>    <td>INTC.O</td>    <td>64.98</td>    <td>$ 44.28</td>    <td>46.75%</td>   </tr>   <tr>    <td>BERKSHIRE HATHAWAY CL B ORD</td>    <td>BRKb</td>    <td>255.2</td>    <td>$ 201.90</td>    <td>26.40%</td>   </tr>   <tr>    <td>JOHNSON &amp; JOHNSON ORD</td>    <td>JNJ</td>    <td>161.1501</td>    <td>$ 137.11</td>    <td>17.53%</td>   </tr>   <tr>    <td>AT&amp;T ORD</td>    <td>T</td>    <td>30.245</td>    <td>$ 27.02</td>    <td>11.94%</td>   </tr>   <tr>    <td>VERIZON COMMUNICATIONS ORD</td>    <td>VZ</td>    <td>56.095</td>    <td>$ 56.99</td>    <td>-1.57%</td>   </tr>  </tbody> </table> The banks have risen sharply and for good reasons because yields have risen and spreads have widened. But even the banks are getting stretched with many trading at all-time highs, and the sector trading at valuations not witnessed since 2017, relative to the 10-year Treasury rate, making the banks one of the least overvalued sectors. The industrial sector has only been this expensive relative to the 10-year rate one time and that was in January of 2018, which was followed by nearly two years of going nowhere.</p><p><blockquote><table><tbody><tr><td>名字</td><td>象征</td><td>3/18/2021</td><td>10/31/2020</td><td>%变化</td></tr><tr><td>埃克森美孚订单</td><td>XOM</td><td>58.25</td><td>$32.62</td><td>78.57%</td></tr><tr><td>美国银行订单</td><td>BAC</td><td>39.9274</td><td>$23.70</td><td>68.47%</td></tr><tr><td>摩根大通订单</td><td>JPM</td><td>161.48</td><td>$98.04</td><td>64.71%</td></tr><tr><td>迪斯尼秩序</td><td>说</td><td>193.735</td><td>$121.25</td><td>59.78%</td></tr><tr><td>雪佛龙订单</td><td>CVX</td><td>106.65</td><td>$69.50</td><td>53.45%</td></tr><tr><td>英特尔订单</td><td>INTC.O</td><td>64.98</td><td>$44.28</td><td>46.75%</td></tr><tr><td>伯克希尔哈撒韦公司CL B ORD</td><td>BRKb</td><td>255.2</td><td>$201.90</td><td>26.40%</td></tr><tr><td>强生订单</td><td>JNJ</td><td>161.1501</td><td>$137.11</td><td>17.53%</td></tr><tr><td>AT&amp;T订单</td><td>T</td><td>30.245</td><td>$27.02</td><td>11.94%</td></tr><tr><td>威瑞森通信订单</td><td>VZ</td><td>56.095</td><td>$56.99</td><td>-1.57%</td></tr></tbody></table>银行股大幅上涨，这是有充分理由的，因为收益率上升，利差扩大。但即使是银行也变得捉襟见肘，许多银行的交易价格处于历史高位，而且相对于10年期国债利率，该行业的交易估值自2017年以来从未见过，这使得银行成为估值最低的行业之一。工业部门相对于10年期利率只有一次如此昂贵，那是在2018年1月，随后近两年毫无进展。</blockquote></p><p> Sure, there may be some value left out there in the materials and energy sector. But these two sectors are highly correlated to the commodities they represent. As the dollar begins to strengthen, those commodity prices are likely to begin falling rather sharply, dragging the sectors lower with them. That dollar seems poised to rise.</p><p><blockquote>当然，材料和能源行业可能还存在一些价值。但这两个板块与其所代表的大宗商品高度相关。随着美元开始走强，这些大宗商品价格可能会开始大幅下跌，从而拖累这些行业走低。美元似乎准备升值。</blockquote></p><p> The dollar initially began to fall following the fears of inflation, but that quickly reversed when US rates began to rise again. That allowed the spread between global rates to widen. The spread between the US and German 10-Year now stands at 2%, while US and Japanese 10-years are at 1.65%. The wider the spreads get, the more attractive US yields become. This will bring foreign investors to buy US bonds, sell local currency, and buy US dollars, supporting the dollar and boosting its value.</p><p><blockquote>由于担心通胀，美元最初开始下跌，但当美国利率再次开始上升时，这种情况很快逆转。这使得全球利率之间的利差扩大。美国和德国10年期国债之间的利差目前为2%，而美国和日本10年期国债为1.65%。利差越大，美国收益率就越有吸引力。这将带来外国投资者买入美国债券，卖出本币，买入美元，支撑美元，提振美元价值。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3b38756db2fb8fdb2e613fa9d05a36e7\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source: TradingView</p><p><blockquote>资料来源：TradingView</blockquote></p><p> The rising dollar already has helped to bring oil prices off their highs, and that's a trend that's likely to continue as the dollar strengthens further. Oil has already broken down from a technical standpoint after failing at a key level of resistance around $66.50. It has additionally broken a major uptrend, with a drop below $59.50, sending the commodity back to $54. This could easily reverse the very hot rotation into the energy sector.</p><p><blockquote>美元上涨已经帮助油价脱离高点，随着美元进一步走强，这一趋势可能会持续下去。从技术角度来看，油价在突破66.50美元左右的关键阻力位后已经突破。此外，它还打破了一个主要的上升趋势，跌破59.50美元，使该商品回到54美元。这很容易扭转能源行业的火爆局面。</blockquote></p><p> Source: TradingView</p><p><blockquote>资料来源：TradingView</blockquote></p><p> If the economy will continue to improve, and the Fed is more than happy to let it, then there's no reason yields shouldn't continue to rise. The more they raise, the more the dollar will strengthen, and the more overvalued equities will grow on a relative basis, forcing a massive repricing.</p><p><blockquote>如果经济将继续改善，并且美联储非常乐意让它继续改善，那么收益率没有理由不继续上升。他们筹集的资金越多，美元就会越走强，相对来说，估值越高的股票就会增长，从而迫使大规模重新定价。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed May Have Just Sealed The Stock Market's Fate<blockquote>美联储可能刚刚决定了股市的命运</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed May Have Just Sealed The Stock Market's Fate<blockquote>美联储可能刚刚决定了股市的命运</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-03-22 08:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>The Fed's outlook of lower for as long as possible was just what stocks wanted to hear.</li>  <li>However, that has sent US yields soaring.</li>  <li>The higher yields will force a massive repricing of equity valuation.</li>  <li>Looking for a helping hand in the market? Members of Reading The Markets get exclusive ideas and guidance to navigate any climate.</li> </ul> The Fed gave the equity market exactly what it wanted, lower for as long as possible. Unfortunately, the bond market doesn't seem as pleased, which will be horrible news for the stock market. Rising rates are crushing growth and technology stocks, and soon the rest of the market will follow because there are very few if any \"cheap\" sectors left in the market.</p><p><blockquote><ul><li>美联储尽可能长时间走低的前景正是股市想听到的。</li><li>然而，这导致美国收益率飙升。</li><li>较高的收益率将迫使股票估值大幅重新定价。</li><li>在市场上寻找援助之手？阅读市场的成员可以获得应对任何气候的独家想法和指导。</li></ul>美联储给了股市它想要的东西，尽可能长时间地走低。不幸的是，债券市场似乎并不高兴，这对股市来说将是一个可怕的消息。利率上升正在压垮成长股和科技股，很快市场的其他部分也会效仿，因为市场上几乎没有“廉价”板块。</blockquote></p><p> In essence, the Fed will let the economy run hot, and the bond market does not seem the least bit comfortable with that. Rates are rising sharply on March 18, with the 10-Year now trading just under 1.75%. The curve continues to lift because the bond market fears that a hot economy could quickly overheat, causing prices to rise, and inflation becomes an issue.</p><p><blockquote>从本质上讲，美联储将让经济过热，而债券市场似乎对此一点也不满意。3月18日利率大幅上升，10年期国债收益率目前略低于1.75%。曲线继续抬升，因为债券市场担心火热的经济可能会迅速过热，导致价格上涨，通胀成为一个问题。</blockquote></p><p> It leaves the door open for the Fed to start having to taper its bond purchases and to raise rates much sooner than expected and potentially much faster than indicated. This is resulting in bond yields pushing higher. Additionally, there's a tremendous amount of debt coming to the market, with another round of fiscal stimulus passed, and more supply will need a lot more demand.</p><p><blockquote>这为美联储开始缩减债券购买规模并比预期更快加息敞开了大门，也可能比预期快得多。这导致债券收益率推高。此外，随着另一轮财政刺激计划的通过，大量债务进入市场，更多的供应将需要更多的需求。</blockquote></p><p> While the news at first seems to be everything the stock market wants to hear, it's not good news. In fact, there was very little the Fed could have on March 17 to please both the stock and bond market. The Fed chose to placate the stock market. But stock prices are derived from interest rates, and as interest rates rise, stock prices need to reprice. They have been repricing and shall continue to reprice at lower levels.</p><p><blockquote>虽然这个消息一开始似乎是股市想听到的一切，但这并不是好消息。事实上，美联储在3月17日几乎没有什么可以取悦股市和债市。美联储选择安抚股市。但股价是由利率衍生出来的，随着利率上升，股价需要重新定价。他们一直在重新定价，并将继续以较低的水平重新定价。</blockquote></p><p> The problem is that now, relative to the 10-year note, the S&amp;P 500 has a valuation on par with the periods in January 2018 and October 2018. At no other time in modern history has the index been this expensive on a relative basis in this low-interest rate world. Everything changed in 2008 when we flipped from a high rate to a low rate world, so the period of 1999 would not be a fair comparison.</p><p><blockquote>问题是，现在，相对于10年期国债，标普500的估值与2018年1月和2018年10月期间持平。在现代历史上，在这个低利率的世界里，该指数的相对价格从未如此昂贵。2008年，当我们从高利率转向低利率世界时，一切都发生了变化，所以1999年的时期不是一个公平的比较。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/06eb49f0f96fe3d05081b17e0de7ca77\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> From another angle, the S&amp;P 500 dividend yield is currently around 1.44%, and it has only been lower one other period in time, at the turn of the century. And now, the 10-Year once again has a higher yield than the S&amp;P 500. So will the 10-Year yield pull the S&amp;P 500 dividend yield over time? It seems possible. Since 2010 the 10-year has traded with a premium over the S&amp;P 500 dividend yield of 21 bps. It is currently 20 bps, which means that a movement high in the 10-year from this point is likely to result in the premium growing wider, or dragging the S&amp;P 500 yield higher along with the 10-year.</p><p><blockquote>从另一个角度来看，标普500的股息收益率目前在1.44%左右，而且只是在世纪之交的另一个时期较低。而现在，10年期国债的收益率再次高于标普500。那么随着时间的推移，10年期国债收益率会拉低标普500的股息收益率吗？似乎有可能。自2010年以来，10年期国债的交易价格比标普500股息收益率溢价21个基点。目前为20个基点，这意味着从此时开始升至10年期高点可能会导致溢价扩大，或拖累标普500收益率与10年期国债收益率一起走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6d0b5613b7b88e02f76e004aededbcaa\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The rising yields in the bond market have prompted investors to refocus from growth and technology stocks to value and reflation stocks. The problem is that there is no bargain sector left - there's no \"value\" trade. The cheap stocks are cheap for a reason and because they have weak fundamentals. Over the past six months, the top ten holdings in the S&amp;P 500 Value ETF have skyrocketed.</p><p><blockquote>债券市场收益率的上升促使投资者将注意力从成长型和科技股重新转向价值型和通货再膨胀型股票。问题是已经没有便宜货了——没有“价值”贸易。便宜的股票便宜是有原因的，因为它们的基本面很弱。半年来，标普500价值ETF的前十大重仓股暴涨。</blockquote></p><p></p><p> <table>  <tbody>   <tr>    <td>Name</td>    <td>Symbol</td>    <td>3/18/2021</td>    <td>10/31/2020</td>    <td>% Change</td>   </tr>   <tr>    <td>EXXON MOBIL ORD</td>    <td>XOM</td>    <td>58.25</td>    <td>$ 32.62</td>    <td>78.57%</td>   </tr>   <tr>    <td>BANK OF AMERICA ORD</td>    <td>BAC</td>    <td>39.9274</td>    <td>$ 23.70</td>    <td>68.47%</td>   </tr>   <tr>    <td>JPMORGAN CHASE ORD</td>    <td>JPM</td>    <td>161.48</td>    <td>$ 98.04</td>    <td>64.71%</td>   </tr>   <tr>    <td>WALT DISNEY ORD</td>    <td>DIS</td>    <td>193.735</td>    <td>$ 121.25</td>    <td>59.78%</td>   </tr>   <tr>    <td>CHEVRON ORD</td>    <td>CVX</td>    <td>106.65</td>    <td>$ 69.50</td>    <td>53.45%</td>   </tr>   <tr>    <td>INTEL ORD</td>    <td>INTC.O</td>    <td>64.98</td>    <td>$ 44.28</td>    <td>46.75%</td>   </tr>   <tr>    <td>BERKSHIRE HATHAWAY CL B ORD</td>    <td>BRKb</td>    <td>255.2</td>    <td>$ 201.90</td>    <td>26.40%</td>   </tr>   <tr>    <td>JOHNSON &amp; JOHNSON ORD</td>    <td>JNJ</td>    <td>161.1501</td>    <td>$ 137.11</td>    <td>17.53%</td>   </tr>   <tr>    <td>AT&amp;T ORD</td>    <td>T</td>    <td>30.245</td>    <td>$ 27.02</td>    <td>11.94%</td>   </tr>   <tr>    <td>VERIZON COMMUNICATIONS ORD</td>    <td>VZ</td>    <td>56.095</td>    <td>$ 56.99</td>    <td>-1.57%</td>   </tr>  </tbody> </table> The banks have risen sharply and for good reasons because yields have risen and spreads have widened. But even the banks are getting stretched with many trading at all-time highs, and the sector trading at valuations not witnessed since 2017, relative to the 10-year Treasury rate, making the banks one of the least overvalued sectors. The industrial sector has only been this expensive relative to the 10-year rate one time and that was in January of 2018, which was followed by nearly two years of going nowhere.</p><p><blockquote><table><tbody><tr><td>名字</td><td>象征</td><td>3/18/2021</td><td>10/31/2020</td><td>%变化</td></tr><tr><td>埃克森美孚订单</td><td>XOM</td><td>58.25</td><td>$32.62</td><td>78.57%</td></tr><tr><td>美国银行订单</td><td>BAC</td><td>39.9274</td><td>$23.70</td><td>68.47%</td></tr><tr><td>摩根大通订单</td><td>JPM</td><td>161.48</td><td>$98.04</td><td>64.71%</td></tr><tr><td>迪斯尼秩序</td><td>说</td><td>193.735</td><td>$121.25</td><td>59.78%</td></tr><tr><td>雪佛龙订单</td><td>CVX</td><td>106.65</td><td>$69.50</td><td>53.45%</td></tr><tr><td>英特尔订单</td><td>INTC.O</td><td>64.98</td><td>$44.28</td><td>46.75%</td></tr><tr><td>伯克希尔哈撒韦公司CL B ORD</td><td>BRKb</td><td>255.2</td><td>$201.90</td><td>26.40%</td></tr><tr><td>强生订单</td><td>JNJ</td><td>161.1501</td><td>$137.11</td><td>17.53%</td></tr><tr><td>AT&amp;T订单</td><td>T</td><td>30.245</td><td>$27.02</td><td>11.94%</td></tr><tr><td>威瑞森通信订单</td><td>VZ</td><td>56.095</td><td>$56.99</td><td>-1.57%</td></tr></tbody></table>银行股大幅上涨，这是有充分理由的，因为收益率上升，利差扩大。但即使是银行也变得捉襟见肘，许多银行的交易价格处于历史高位，而且相对于10年期国债利率，该行业的交易估值自2017年以来从未见过，这使得银行成为估值最低的行业之一。工业部门相对于10年期利率只有一次如此昂贵，那是在2018年1月，随后近两年毫无进展。</blockquote></p><p> Sure, there may be some value left out there in the materials and energy sector. But these two sectors are highly correlated to the commodities they represent. As the dollar begins to strengthen, those commodity prices are likely to begin falling rather sharply, dragging the sectors lower with them. That dollar seems poised to rise.</p><p><blockquote>当然，材料和能源行业可能还存在一些价值。但这两个板块与其所代表的大宗商品高度相关。随着美元开始走强，这些大宗商品价格可能会开始大幅下跌，从而拖累这些行业走低。美元似乎准备升值。</blockquote></p><p> The dollar initially began to fall following the fears of inflation, but that quickly reversed when US rates began to rise again. That allowed the spread between global rates to widen. The spread between the US and German 10-Year now stands at 2%, while US and Japanese 10-years are at 1.65%. The wider the spreads get, the more attractive US yields become. This will bring foreign investors to buy US bonds, sell local currency, and buy US dollars, supporting the dollar and boosting its value.</p><p><blockquote>由于担心通胀，美元最初开始下跌，但当美国利率再次开始上升时，这种情况很快逆转。这使得全球利率之间的利差扩大。美国和德国10年期国债之间的利差目前为2%，而美国和日本10年期国债为1.65%。利差越大，美国收益率就越有吸引力。这将带来外国投资者买入美国债券，卖出本币，买入美元，支撑美元，提振美元价值。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3b38756db2fb8fdb2e613fa9d05a36e7\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source: TradingView</p><p><blockquote>资料来源：TradingView</blockquote></p><p> The rising dollar already has helped to bring oil prices off their highs, and that's a trend that's likely to continue as the dollar strengthens further. Oil has already broken down from a technical standpoint after failing at a key level of resistance around $66.50. It has additionally broken a major uptrend, with a drop below $59.50, sending the commodity back to $54. This could easily reverse the very hot rotation into the energy sector.</p><p><blockquote>美元上涨已经帮助油价脱离高点，随着美元进一步走强，这一趋势可能会持续下去。从技术角度来看，油价在突破66.50美元左右的关键阻力位后已经突破。此外，它还打破了一个主要的上升趋势，跌破59.50美元，使该商品回到54美元。这很容易扭转能源行业的火爆局面。</blockquote></p><p> Source: TradingView</p><p><blockquote>资料来源：TradingView</blockquote></p><p> If the economy will continue to improve, and the Fed is more than happy to let it, then there's no reason yields shouldn't continue to rise. The more they raise, the more the dollar will strengthen, and the more overvalued equities will grow on a relative basis, forcing a massive repricing.</p><p><blockquote>如果经济将继续改善，并且美联储非常乐意让它继续改善，那么收益率没有理由不继续上升。他们筹集的资金越多，美元就会越走强，相对来说，估值越高的股票就会增长，从而迫使大规模重新定价。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4414816-fed-may-just-sealed-stock-markets-fate\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4414816-fed-may-just-sealed-stock-markets-fate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160065206","content_text":"Summary\n\nThe Fed's outlook of lower for as long as possible was just what stocks wanted to hear.\nHowever, that has sent US yields soaring.\nThe higher yields will force a massive repricing of equity valuation.\nLooking for a helping hand in the market? Members of Reading The Markets get exclusive ideas and guidance to navigate any climate.\n\nThe Fed gave the equity market exactly what it wanted, lower for as long as possible. Unfortunately, the bond market doesn't seem as pleased, which will be horrible news for the stock market. Rising rates are crushing growth and technology stocks, and soon the rest of the market will follow because there are very few if any \"cheap\" sectors left in the market.\nIn essence, the Fed will let the economy run hot, and the bond market does not seem the least bit comfortable with that. Rates are rising sharply on March 18, with the 10-Year now trading just under 1.75%. The curve continues to lift because the bond market fears that a hot economy could quickly overheat, causing prices to rise, and inflation becomes an issue.\nIt leaves the door open for the Fed to start having to taper its bond purchases and to raise rates much sooner than expected and potentially much faster than indicated. This is resulting in bond yields pushing higher. Additionally, there's a tremendous amount of debt coming to the market, with another round of fiscal stimulus passed, and more supply will need a lot more demand.\nWhile the news at first seems to be everything the stock market wants to hear, it's not good news. In fact, there was very little the Fed could have on March 17 to please both the stock and bond market. The Fed chose to placate the stock market. But stock prices are derived from interest rates, and as interest rates rise, stock prices need to reprice. They have been repricing and shall continue to reprice at lower levels.\nThe problem is that now, relative to the 10-year note, the S&P 500 has a valuation on par with the periods in January 2018 and October 2018. At no other time in modern history has the index been this expensive on a relative basis in this low-interest rate world. Everything changed in 2008 when we flipped from a high rate to a low rate world, so the period of 1999 would not be a fair comparison.\n\nFrom another angle, the S&P 500 dividend yield is currently around 1.44%, and it has only been lower one other period in time, at the turn of the century. And now, the 10-Year once again has a higher yield than the S&P 500. So will the 10-Year yield pull the S&P 500 dividend yield over time? It seems possible. Since 2010 the 10-year has traded with a premium over the S&P 500 dividend yield of 21 bps. It is currently 20 bps, which means that a movement high in the 10-year from this point is likely to result in the premium growing wider, or dragging the S&P 500 yield higher along with the 10-year.\n\nThe rising yields in the bond market have prompted investors to refocus from growth and technology stocks to value and reflation stocks. The problem is that there is no bargain sector left - there's no \"value\" trade. The cheap stocks are cheap for a reason and because they have weak fundamentals. Over the past six months, the top ten holdings in the S&P 500 Value ETF have skyrocketed.\n\n\n\nName\nSymbol\n3/18/2021\n10/31/2020\n% Change\n\n\nEXXON MOBIL ORD\nXOM\n58.25\n$ 32.62\n78.57%\n\n\nBANK OF AMERICA ORD\nBAC\n39.9274\n$ 23.70\n68.47%\n\n\nJPMORGAN CHASE ORD\nJPM\n161.48\n$ 98.04\n64.71%\n\n\nWALT DISNEY ORD\nDIS\n193.735\n$ 121.25\n59.78%\n\n\nCHEVRON ORD\nCVX\n106.65\n$ 69.50\n53.45%\n\n\nINTEL ORD\nINTC.O\n64.98\n$ 44.28\n46.75%\n\n\nBERKSHIRE HATHAWAY CL B ORD\nBRKb\n255.2\n$ 201.90\n26.40%\n\n\nJOHNSON & JOHNSON ORD\nJNJ\n161.1501\n$ 137.11\n17.53%\n\n\nAT&T ORD\nT\n30.245\n$ 27.02\n11.94%\n\n\nVERIZON COMMUNICATIONS ORD\nVZ\n56.095\n$ 56.99\n-1.57%\n\n\n\nThe banks have risen sharply and for good reasons because yields have risen and spreads have widened. But even the banks are getting stretched with many trading at all-time highs, and the sector trading at valuations not witnessed since 2017, relative to the 10-year Treasury rate, making the banks one of the least overvalued sectors. The industrial sector has only been this expensive relative to the 10-year rate one time and that was in January of 2018, which was followed by nearly two years of going nowhere.\nSure, there may be some value left out there in the materials and energy sector. But these two sectors are highly correlated to the commodities they represent. As the dollar begins to strengthen, those commodity prices are likely to begin falling rather sharply, dragging the sectors lower with them. That dollar seems poised to rise.\nThe dollar initially began to fall following the fears of inflation, but that quickly reversed when US rates began to rise again. That allowed the spread between global rates to widen. The spread between the US and German 10-Year now stands at 2%, while US and Japanese 10-years are at 1.65%. The wider the spreads get, the more attractive US yields become. This will bring foreign investors to buy US bonds, sell local currency, and buy US dollars, supporting the dollar and boosting its value.\n\nSource: TradingView\nThe rising dollar already has helped to bring oil prices off their highs, and that's a trend that's likely to continue as the dollar strengthens further. Oil has already broken down from a technical standpoint after failing at a key level of resistance around $66.50. It has additionally broken a major uptrend, with a drop below $59.50, sending the commodity back to $54. This could easily reverse the very hot rotation into the energy sector.\nSource: TradingView\nIf the economy will continue to improve, and the Fed is more than happy to let it, then there's no reason yields shouldn't continue to rise. The more they raise, the more the dollar will strengthen, and the more overvalued equities will grow on a relative basis, forcing a massive repricing.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362802812,"gmtCreate":1614610702136,"gmtModify":1703478867932,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/362802812","repostId":"1186673716","repostType":4,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360330206,"gmtCreate":1613827486505,"gmtModify":1634552093540,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/360330206","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386745596,"gmtCreate":1613284814015,"gmtModify":1634554008759,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/386745596","repostId":"2110026963","repostType":4,"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341454509,"gmtCreate":1617849860801,"gmtModify":1634296156107,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574914963531057","idStr":"3574914963531057"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/341454509","repostId":"2125726223","repostType":4,"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}