Adelineeex的个人主页 - 老虎社区

Adelineeex

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2021-11-08

Sharonf dont work

@小虎活动:[Halloween Game] Trade or Treat!

2021-11-08

Great ariticle, would you like to share it?

@小虎活动:[Halloween Game] Trade or Treat!

2021-10-30

$ARK Innovation ETF(ARKK)$great

2021-05-31

Nice

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2021-04-25

Like and comment

Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</blockquote>

2021-04-21

Like and comment!Interested in this stock!!

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2021-04-14

Nice looking forward!!

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2021-04-13

Yes of course

Will Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</blockquote>

2021-04-08

$Palantir Technologies Inc.(PLTR)$looking good

2021-04-08

Like and comment pls! Thanks

GameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</blockquote>

2021-04-07

Like and comment!

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2021-04-01

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Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>

2021-03-12

$ARK Innovation ETF(ARKK)$waiting..

2021-03-12

Like and comment

The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>

2021-03-08

Great!!

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2021-03-05

Like and comment![开心]

A Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>

2021-03-02

More weakness ahead?

2021-03-02

Interesting

抱歉，原内容已删除

2021-03-02

Looking forward to crash soon

抱歉，原内容已删除

2021-03-01

Nice

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Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? 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All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. 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Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":840324454,"gmtCreate":1635594104428,"gmtModify":1635594104428,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>great","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>great","text":"$ARK Innovation ETF(ARKK)$great","images":[{"img":"https://static.tigerbbs.com/2c2a91600c678412e598555a7d24843f","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/840324454","isVote":1,"tweetType":1,"viewCount":2567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":110563622,"gmtCreate":1622469634666,"gmtModify":1634101255312,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/110563622","repostId":"2139430866","repostType":4,"isVote":1,"tweetType":1,"viewCount":1397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375929777,"gmtCreate":1619280066799,"gmtModify":1634287309056,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/375929777","repostId":"1180713929","repostType":4,"repost":{"id":"1180713929","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":1619191972,"share":"https://www.laohu8.com/m/news/1180713929?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:32","market":"us","language":"en","title":"Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180713929","media":"Tiger Newspress","summary":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDA","content":"<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克：INTC）竞争对手和半导体巨头<b>先进微设备公司</b>（纳斯达克：AMD）周五在纳斯达克早盘交易中上涨，这是英特尔发布令人失望的2021年第一季度收益报告的第一天。截至美国东部时间上午11:30，AMD股价上涨4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果您还没有听说过，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降1%，但该公司仍报告预计每股利润为1.39美元，超出分析师预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告称其毛利率大幅下降540个基点至55.2%，并且由于该公司斥巨资追赶先进计算机芯片领域的竞争对手，其营业利润率几乎减半。花旗集团分析师昨日评论称，英特尔股价似乎已接近其估值峰值，随着投资者适应英特尔正在失去而非获得市场份额的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对AMD来说是个好消息的原因是，至少根据花旗的说法，AMD正在从英特尔手中夺走市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的市盈率仅为13.6倍，与AMD股票的市盈率为38.4倍相比，英特尔股票看起来确实相对便宜。但AMD的资产负债表现金充裕，而英特尔的净债务为135亿美元。根据标准普尔全球市场情报数据，分析师预计英特尔未来五年的盈利年增长率仅为10%，而AMD的年化盈利增长率预计为29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像一只价值股，但拥有所有动力的是AMD。</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 AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</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 AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</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\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克：INTC）竞争对手和半导体巨头<b>先进微设备公司</b>（纳斯达克：AMD）周五在纳斯达克早盘交易中上涨，这是英特尔发布令人失望的2021年第一季度收益报告的第一天。截至美国东部时间上午11:30，AMD股价上涨4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果您还没有听说过，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降1%，但该公司仍报告预计每股利润为1.39美元，超出分析师预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告称其毛利率大幅下降540个基点至55.2%，并且由于该公司斥巨资追赶先进计算机芯片领域的竞争对手，其营业利润率几乎减半。花旗集团分析师昨日评论称，英特尔股价似乎已接近其估值峰值，随着投资者适应英特尔正在失去而非获得市场份额的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对AMD来说是个好消息的原因是，至少根据花旗的说法，AMD正在从英特尔手中夺走市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的市盈率仅为13.6倍，与AMD股票的市盈率为38.4倍相比，英特尔股票看起来确实相对便宜。但AMD的资产负债表现金充裕，而英特尔的净债务为135亿美元。根据标准普尔全球市场情报数据，分析师预计英特尔未来五年的盈利年增长率仅为10%，而AMD的年化盈利增长率预计为29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像一只价值股，但拥有所有动力的是AMD。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180713929","content_text":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDAQ:INTC) rival and fellow semiconductors giant Advanced Micro Devices (NASDAQ:AMD) popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.So whatIntel, if you haven't heard, actually beat on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.And the reason this is good news for AMD is that, according to Citi at least, it's AMD that's taking that market share away from Intel.Now whatSo what's an investor to do with all this information?At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&P Global Market Intelligencedata.Intel may look like a value stockright now, but it's AMD that's gotall the momentum.","news_type":1,"symbols_score_info":{"AMD":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378373636,"gmtCreate":1619006503825,"gmtModify":1634289286332,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment!Interested in this stock!!","listText":"Like and comment!Interested in this stock!!","text":"Like and comment!Interested in this stock!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/378373636","repostId":"2129829074","repostType":4,"isVote":1,"tweetType":1,"viewCount":1598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344180491,"gmtCreate":1618387685213,"gmtModify":1634293310270,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Nice looking forward!!","listText":"Nice looking forward!!","text":"Nice looking forward!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344180491","repostId":"1140319269","repostType":4,"isVote":1,"tweetType":1,"viewCount":1880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345523349,"gmtCreate":1618324621781,"gmtModify":1634293700200,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Yes of course","listText":"Yes of course","text":"Yes of course","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345523349","repostId":"1130111087","repostType":4,"repost":{"id":"1130111087","kind":"news","pubTimestamp":1618323084,"share":"https://www.laohu8.com/m/news/1130111087?lang=zh_CN&edition=full","pubTime":"2021-04-13 22:11","market":"us","language":"en","title":"Will Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130111087","media":"Barron's","summary":"Tesla’s stock may still have some juice left in it after all.Tesla stock (ticker: TSLA) has understa","content":"<p>Tesla’s&nbsp;stock may still have some juice left in it after all.</p><p><blockquote>毕竟，特斯拉的股票可能还有一些活力。</blockquote></p><p>Tesla stock (ticker: TSLA) has understandably struggled in 2021 after a meteoric 410% rise over the past year, but the shares jumped higher on Monday afteran analyst assertedthat Tesla could be the nextApple(AAPL).</p><p><blockquote>特斯拉股票（股票代码：TSLA）在过去一年大幅上涨410%后，在2021年陷入困境，这是可以理解的，但在一位分析师断言特斯拉可能成为下一个苹果(AAPL)后，该股周一大幅走高。</blockquote></p><p>When it comes to attracting attention from investors, it’s hard to beat an assertion that likens one of the market’s hottest, most controversial stocks to one of the world’s most admired, innovative companies.</p><p><blockquote>当谈到吸引投资者的注意力时，很难击败将市场上最热门、最具争议的股票之一比作世界上最受尊敬的创新公司之一的断言。</blockquote></p><p>But rather than dismissing the Cannacord note as the Wall Street-equivalent of clickbait, investors should instead focus on how the stock behaved in reaction to the assertion: Tesla rose 3.7%, to $701.98, on heavy volume, on Monday, while the broad market was moribund, with theS&amp;P 500 indexfalling slightly.</p><p><blockquote>但投资者不应该将Cannacord的票据视为华尔街的点击诱饵，而应该关注该股对这一说法的反应：特斯拉周一成交量大涨3.7%，至701.98美元，而大盘则陷入停滞，标准普尔500指数小幅下跌。</blockquote></p><p>That reinforces the notion that Tesla’s legions of passionate investors are just looking for a reason to love the stock even more. The Cannacord analyst,Jonathan Dorsheimer, backed up his bold assertion by noting that Tesla is involved in more than just cars, just like Apple does more than just make iPhones.</p><p><blockquote>这强化了这样一种观念：特斯拉大批热情的投资者只是在寻找一个更加热爱该股的理由。Cannacord分析师Jonathan Dorsheimer支持了他的大胆断言，他指出，特斯拉涉足的不仅仅是汽车，就像苹果不仅仅是制造iPhone一样。</blockquote></p><p>The Apple-like spin is admittedly aggressive, and maybe even a bit aspirational, but such is the nature of Tesla. Investors either believe in the vision of Tesla’s chief executive, Elon Musk, or they don’t. So far, it has paid to be a believer, and the stock’s Monday rally suggests that Tesla’s investors are looking for new reasons to be evangelical.</p><p><blockquote>苹果式的旋转不可否认是侵略性的，甚至可能有点渴望，但这就是特斯拉的本质。投资者要么相信特斯拉首席执行官Elon Musk的愿景，要么不相信。到目前为止，成为一名信徒是值得的，该股周一的上涨表明特斯拉的投资者正在寻找新的理由成为福音派。</blockquote></p><p>The reason to believe could come as early as April 26, when Tesla is scheduled to reports first-quarter earnings after the market closes. Should the stock surge, investors can shout hallelujah. Should the stock stumble, look for a baptism by fire.</p><p><blockquote>相信的理由最早可能出现在4月26日，届时特斯拉计划在收盘后公布第一季度收益。如果股价飙升，投资者可以大喊哈利路亚。如果股票下跌，就寻找火的洗礼。</blockquote></p><p>With Tesla’s stock around $725, aggressive investors could consider buying Tesla’s April $735call optionsthat expire April 30 for $37.50.</p><p><blockquote>由于特斯拉股价约为725美元，激进的投资者可以考虑以37.50美元的价格购买特斯拉4月份735美元的看涨期权，该期权将于4月30日到期。</blockquote></p><p>If the stock is at $800, the call is worth $65. Should the stock be below the strike price at expiration, the trade fails, though the call could be adjusted within the options market to keep it alive.</p><p><blockquote>如果股价为800美元，则看涨期权价值65美元。如果股票在到期时低于执行价格，交易就会失败，尽管可以在期权市场内调整看涨期权以保持其活力。</blockquote></p><p>During the past 52 weeks, Tesla stock has ranged from $134.76 to $900.40. So far this year, the stock is up about 3%, compared with a gain of 10% for the S&amp;P 500.</p><p><blockquote>在过去52周内，特斯拉股价从134.76美元到900.40美元不等。今年到目前为止，该股已上涨约3%，而标普500的涨幅为10%。</blockquote></p><p>The last time we mentioned Tesla was in early April, just before the company reported first-quarter vehicle deliveries.</p><p><blockquote>我们上次提到特斯拉是在四月初，就在该公司公布第一季度汽车交付量之前。</blockquote></p><p>We then suggested that investors sell Tesla’s May $500 or May $550 put options to trade delivery data when the stock was around $661.75. So far, the trade has worked well. The May $500 puts are trading at $3.50, down from $11, and the May $550 puts are trading at $6.85, down from $20.</p><p><blockquote>然后我们建议投资者卖出特斯拉5月500美元或5月550美元看跌期权，以在该股661.75美元左右时交易交割数据。到目前为止，这项交易运作良好。5月份500美元的看跌期权交易价格为3.50美元，低于11美元；5月份550美元的看跌期权交易价格为6.85美元，低于20美元。</blockquote></p><p>Securing profits is largely a matter of discipline. Some investors will secure profits with gains of 70% on the puts, others will go for 90%. Still others will hold the puts until expiration because they are content acquiring the stock at the put strike price.</p><p><blockquote>确保利润在很大程度上是一个纪律问题。一些投资者将获得70%的看跌期权收益，另一些投资者将获得90%的收益。还有一些人将持有看跌期权直至到期，因为他们满足于以看跌期权执行价格收购股票。</blockquote></p><p>Regardless of which side of the options market appeals to you, Tesla’s earnings should be a key event, and the sell-side analysts are likely to have more salacious comments to make.</p><p><blockquote>无论期权市场的哪一方对您有吸引力，特斯拉的盈利都应该是一个关键事件，而卖方分析师可能会发表更淫秽的评论。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b504372ddc29af9073294012532cc819\" tg-width=\"659\" tg-height=\"564\"></p><p><blockquote></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>Will Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</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\">\nWill Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-04-13 22:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla’s&nbsp;stock may still have some juice left in it after all.</p><p><blockquote>毕竟，特斯拉的股票可能还有一些活力。</blockquote></p><p>Tesla stock (ticker: TSLA) has understandably struggled in 2021 after a meteoric 410% rise over the past year, but the shares jumped higher on Monday afteran analyst assertedthat Tesla could be the nextApple(AAPL).</p><p><blockquote>特斯拉股票（股票代码：TSLA）在过去一年大幅上涨410%后，在2021年陷入困境，这是可以理解的，但在一位分析师断言特斯拉可能成为下一个苹果(AAPL)后，该股周一大幅走高。</blockquote></p><p>When it comes to attracting attention from investors, it’s hard to beat an assertion that likens one of the market’s hottest, most controversial stocks to one of the world’s most admired, innovative companies.</p><p><blockquote>当谈到吸引投资者的注意力时，很难击败将市场上最热门、最具争议的股票之一比作世界上最受尊敬的创新公司之一的断言。</blockquote></p><p>But rather than dismissing the Cannacord note as the Wall Street-equivalent of clickbait, investors should instead focus on how the stock behaved in reaction to the assertion: Tesla rose 3.7%, to $701.98, on heavy volume, on Monday, while the broad market was moribund, with theS&amp;P 500 indexfalling slightly.</p><p><blockquote>但投资者不应该将Cannacord的票据视为华尔街的点击诱饵，而应该关注该股对这一说法的反应：特斯拉周一成交量大涨3.7%，至701.98美元，而大盘则陷入停滞，标准普尔500指数小幅下跌。</blockquote></p><p>That reinforces the notion that Tesla’s legions of passionate investors are just looking for a reason to love the stock even more. The Cannacord analyst,Jonathan Dorsheimer, backed up his bold assertion by noting that Tesla is involved in more than just cars, just like Apple does more than just make iPhones.</p><p><blockquote>这强化了这样一种观念：特斯拉大批热情的投资者只是在寻找一个更加热爱该股的理由。Cannacord分析师Jonathan Dorsheimer支持了他的大胆断言，他指出，特斯拉涉足的不仅仅是汽车，就像苹果不仅仅是制造iPhone一样。</blockquote></p><p>The Apple-like spin is admittedly aggressive, and maybe even a bit aspirational, but such is the nature of Tesla. Investors either believe in the vision of Tesla’s chief executive, Elon Musk, or they don’t. So far, it has paid to be a believer, and the stock’s Monday rally suggests that Tesla’s investors are looking for new reasons to be evangelical.</p><p><blockquote>苹果式的旋转不可否认是侵略性的，甚至可能有点渴望，但这就是特斯拉的本质。投资者要么相信特斯拉首席执行官Elon Musk的愿景，要么不相信。到目前为止，成为一名信徒是值得的，该股周一的上涨表明特斯拉的投资者正在寻找新的理由成为福音派。</blockquote></p><p>The reason to believe could come as early as April 26, when Tesla is scheduled to reports first-quarter earnings after the market closes. Should the stock surge, investors can shout hallelujah. Should the stock stumble, look for a baptism by fire.</p><p><blockquote>相信的理由最早可能出现在4月26日，届时特斯拉计划在收盘后公布第一季度收益。如果股价飙升，投资者可以大喊哈利路亚。如果股票下跌，就寻找火的洗礼。</blockquote></p><p>With Tesla’s stock around $725, aggressive investors could consider buying Tesla’s April $735call optionsthat expire April 30 for $37.50.</p><p><blockquote>由于特斯拉股价约为725美元，激进的投资者可以考虑以37.50美元的价格购买特斯拉4月份735美元的看涨期权，该期权将于4月30日到期。</blockquote></p><p>If the stock is at $800, the call is worth $65. Should the stock be below the strike price at expiration, the trade fails, though the call could be adjusted within the options market to keep it alive.</p><p><blockquote>如果股价为800美元，则看涨期权价值65美元。如果股票在到期时低于执行价格，交易就会失败，尽管可以在期权市场内调整看涨期权以保持其活力。</blockquote></p><p>During the past 52 weeks, Tesla stock has ranged from $134.76 to $900.40. So far this year, the stock is up about 3%, compared with a gain of 10% for the S&amp;P 500.</p><p><blockquote>在过去52周内，特斯拉股价从134.76美元到900.40美元不等。今年到目前为止，该股已上涨约3%，而标普500的涨幅为10%。</blockquote></p><p>The last time we mentioned Tesla was in early April, just before the company reported first-quarter vehicle deliveries.</p><p><blockquote>我们上次提到特斯拉是在四月初，就在该公司公布第一季度汽车交付量之前。</blockquote></p><p>We then suggested that investors sell Tesla’s May $500 or May $550 put options to trade delivery data when the stock was around $661.75. So far, the trade has worked well. The May $500 puts are trading at $3.50, down from $11, and the May $550 puts are trading at $6.85, down from $20.</p><p><blockquote>然后我们建议投资者卖出特斯拉5月500美元或5月550美元看跌期权，以在该股661.75美元左右时交易交割数据。到目前为止，这项交易运作良好。5月份500美元的看跌期权交易价格为3.50美元，低于11美元；5月份550美元的看跌期权交易价格为6.85美元，低于20美元。</blockquote></p><p>Securing profits is largely a matter of discipline. Some investors will secure profits with gains of 70% on the puts, others will go for 90%. Still others will hold the puts until expiration because they are content acquiring the stock at the put strike price.</p><p><blockquote>确保利润在很大程度上是一个纪律问题。一些投资者将获得70%的看跌期权收益，另一些投资者将获得90%的收益。还有一些人将持有看跌期权直至到期，因为他们满足于以看跌期权执行价格收购股票。</blockquote></p><p>Regardless of which side of the options market appeals to you, Tesla’s earnings should be a key event, and the sell-side analysts are likely to have more salacious comments to make.</p><p><blockquote>无论期权市场的哪一方对您有吸引力，特斯拉的盈利都应该是一个关键事件，而卖方分析师可能会发表更淫秽的评论。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b504372ddc29af9073294012532cc819\" tg-width=\"659\" tg-height=\"564\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/will-tesla-be-the-next-apple-heres-how-investors-can-play-it-51618322770?mod=mw_latestnews\">Barron's</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.marketwatch.com/articles/will-tesla-be-the-next-apple-heres-how-investors-can-play-it-51618322770?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130111087","content_text":"Tesla’s stock may still have some juice left in it after all.Tesla stock (ticker: TSLA) has understandably struggled in 2021 after a meteoric 410% rise over the past year, but the shares jumped higher on Monday afteran analyst assertedthat Tesla could be the nextApple(AAPL).When it comes to attracting attention from investors, it’s hard to beat an assertion that likens one of the market’s hottest, most controversial stocks to one of the world’s most admired, innovative companies.But rather than dismissing the Cannacord note as the Wall Street-equivalent of clickbait, investors should instead focus on how the stock behaved in reaction to the assertion: Tesla rose 3.7%, to $701.98, on heavy volume, on Monday, while the broad market was moribund, with theS&P 500 indexfalling slightly.That reinforces the notion that Tesla’s legions of passionate investors are just looking for a reason to love the stock even more. The Cannacord analyst,Jonathan Dorsheimer, backed up his bold assertion by noting that Tesla is involved in more than just cars, just like Apple does more than just make iPhones.The Apple-like spin is admittedly aggressive, and maybe even a bit aspirational, but such is the nature of Tesla. Investors either believe in the vision of Tesla’s chief executive, Elon Musk, or they don’t. So far, it has paid to be a believer, and the stock’s Monday rally suggests that Tesla’s investors are looking for new reasons to be evangelical.The reason to believe could come as early as April 26, when Tesla is scheduled to reports first-quarter earnings after the market closes. Should the stock surge, investors can shout hallelujah. Should the stock stumble, look for a baptism by fire.With Tesla’s stock around $725, aggressive investors could consider buying Tesla’s April $735call optionsthat expire April 30 for $37.50.If the stock is at $800, the call is worth $65. Should the stock be below the strike price at expiration, the trade fails, though the call could be adjusted within the options market to keep it alive.During the past 52 weeks, Tesla stock has ranged from $134.76 to $900.40. So far this year, the stock is up about 3%, compared with a gain of 10% for the S&P 500.The last time we mentioned Tesla was in early April, just before the company reported first-quarter vehicle deliveries.We then suggested that investors sell Tesla’s May $500 or May $550 put options to trade delivery data when the stock was around $661.75. So far, the trade has worked well. The May $500 puts are trading at $3.50, down from $11, and the May $550 puts are trading at $6.85, down from $20.Securing profits is largely a matter of discipline. Some investors will secure profits with gains of 70% on the puts, others will go for 90%. Still others will hold the puts until expiration because they are content acquiring the stock at the put strike price.Regardless of which side of the options market appeals to you, Tesla’s earnings should be a key event, and the sell-side analysts are likely to have more salacious comments to make.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348924535,"gmtCreate":1617882469027,"gmtModify":1634295992292,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>looking good","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>looking good","text":"$Palantir Technologies Inc.(PLTR)$looking good","images":[{"img":"https://static.tigerbbs.com/a25f6d332497feaa60ba6cf3499e1843","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348924535","isVote":1,"tweetType":1,"viewCount":1789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":348924131,"gmtCreate":1617882424423,"gmtModify":1634295992414,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment pls! Thanks","listText":"Like and comment pls! Thanks","text":"Like and comment pls! Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348924131","repostId":"1159058316","repostType":4,"repost":{"id":"1159058316","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":1617880511,"share":"https://www.laohu8.com/m/news/1159058316?lang=zh_CN&edition=full","pubTime":"2021-04-08 19:15","market":"us","language":"en","title":"GameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159058316","media":"Tiger Newspress","summary":"GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.GRAPEVINE, Texas","content":"<p>GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.</p><p><blockquote>游戏驿站股价盘前上涨3%，该公司打算选举Ryan Cohen为董事长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e4c4cd515d841733bdf3d21567a9dd0d\" tg-width=\"913\" tg-height=\"516\" referrerpolicy=\"no-referrer\">GRAPEVINE, Texas, April 08, 2021, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.</p><p><blockquote>得克萨斯州格雷普韦恩，2021年4月8日，游戏驿站公司（纽约证券交易所代码：GME）（“游戏驿站”或“公司”）今天宣布，提名以下六名个人在2021年6月9日举行的公司年度股东大会（“年会”）上竞选其董事会成员（“董事会”）：Alan Attal、Larry Cheng、Ryan Cohen、Jim Grube、George Sherman和杨旭。</blockquote></p><p>The Company also shared updates that include:</p><p><blockquote>该公司还分享了更新，其中包括：</blockquote></p><p><ul><li>Following the Annual Meeting, the Board intends to elect Mr. Cohen as Chairman;</li><li>Following the Annual Meeting, all directors will be compensated 100% in equity;</li><li>Following the Annual Meeting, individual director compensation will be reduced approximately 28% from the prior year, and</li><li>Effective immediately, the Board has appointed Mr. Grube to serve on the Strategic Planning and Capital Allocation Committee.</li></ul><b>New Director Candidate Biographies</b></p><p><blockquote><ul><li>年会结束后，董事会打算选举科恩先生为主席；</li><li>年会结束后，所有董事将获得100%的股权报酬；</li><li>年会后，个别董事薪酬将较上年减少约28%，并</li><li>董事会已任命Grube先生为战略规划和资本分配委员会成员，立即生效。</li></ul><b>新任董事候选人履历</b></blockquote></p><p><b>Larry Cheng</b>is Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners. He presently leads the Internet and Consumer team at Volition, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. He received his bachelor's degree from Harvard College where he concentrated in Psychology.</p><p><blockquote><b>郑志刚</b>是Volition Capital的联合创始人和管理合伙人，Volition Capital是一家领先的成长型股权投资公司，总部位于马萨诸塞州波士顿，也是Chewy的第一位投资者。他在Volition Capital、Fidelity Ventures、Battery Ventures和Bessemer Venture Partners拥有二十多年的风险投资和成长型股权投资经验。他目前领导Volition的互联网和消费者团队，专注于电子商务、互联网服务、消费品牌、数字媒体和游戏领域的颠覆性公司。他在哈佛学院获得学士学位，主修心理学。</blockquote></p><p><b>Yang Xu</b>is Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare. She has a bachelor’s degree in Finance from Wuhan University, a master’s degree in management from the HEC School of Management and a master’s in business administration from the London Business School.</p><p><blockquote><b>杨旭</b>是卡夫亨氏公司全球财务和财务高级副总裁。她在美国、亚洲和欧洲的资本市场、金融、战略规划、交易和业务运营方面拥有20多年的丰富经验。在加入卡夫亨氏公司之前，她曾在惠而浦公司和通用电气医疗保健公司任职。彼持有武汉大学金融学学士学位、香港高等商学院管理学硕士学位及伦敦商学院工商管理硕士学位。</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>GameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</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\">2021-04-08 19:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.</p><p><blockquote>游戏驿站股价盘前上涨3%，该公司打算选举Ryan Cohen为董事长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e4c4cd515d841733bdf3d21567a9dd0d\" tg-width=\"913\" tg-height=\"516\" referrerpolicy=\"no-referrer\">GRAPEVINE, Texas, April 08, 2021, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.</p><p><blockquote>得克萨斯州格雷普韦恩，2021年4月8日，游戏驿站公司（纽约证券交易所代码：GME）（“游戏驿站”或“公司”）今天宣布，提名以下六名个人在2021年6月9日举行的公司年度股东大会（“年会”）上竞选其董事会成员（“董事会”）：Alan Attal、Larry Cheng、Ryan Cohen、Jim Grube、George Sherman和杨旭。</blockquote></p><p>The Company also shared updates that include:</p><p><blockquote>该公司还分享了更新，其中包括：</blockquote></p><p><ul><li>Following the Annual Meeting, the Board intends to elect Mr. Cohen as Chairman;</li><li>Following the Annual Meeting, all directors will be compensated 100% in equity;</li><li>Following the Annual Meeting, individual director compensation will be reduced approximately 28% from the prior year, and</li><li>Effective immediately, the Board has appointed Mr. Grube to serve on the Strategic Planning and Capital Allocation Committee.</li></ul><b>New Director Candidate Biographies</b></p><p><blockquote><ul><li>年会结束后，董事会打算选举科恩先生为主席；</li><li>年会结束后，所有董事将获得100%的股权报酬；</li><li>年会后，个别董事薪酬将较上年减少约28%，并</li><li>董事会已任命Grube先生为战略规划和资本分配委员会成员，立即生效。</li></ul><b>新任董事候选人履历</b></blockquote></p><p><b>Larry Cheng</b>is Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners. He presently leads the Internet and Consumer team at Volition, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. He received his bachelor's degree from Harvard College where he concentrated in Psychology.</p><p><blockquote><b>郑志刚</b>是Volition Capital的联合创始人和管理合伙人，Volition Capital是一家领先的成长型股权投资公司，总部位于马萨诸塞州波士顿，也是Chewy的第一位投资者。他在Volition Capital、Fidelity Ventures、Battery Ventures和Bessemer Venture Partners拥有二十多年的风险投资和成长型股权投资经验。他目前领导Volition的互联网和消费者团队，专注于电子商务、互联网服务、消费品牌、数字媒体和游戏领域的颠覆性公司。他在哈佛学院获得学士学位，主修心理学。</blockquote></p><p><b>Yang Xu</b>is Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare. She has a bachelor’s degree in Finance from Wuhan University, a master’s degree in management from the HEC School of Management and a master’s in business administration from the London Business School.</p><p><blockquote><b>杨旭</b>是卡夫亨氏公司全球财务和财务高级副总裁。她在美国、亚洲和欧洲的资本市场、金融、战略规划、交易和业务运营方面拥有20多年的丰富经验。在加入卡夫亨氏公司之前，她曾在惠而浦公司和通用电气医疗保健公司任职。彼持有武汉大学金融学学士学位、香港高等商学院管理学硕士学位及伦敦商学院工商管理硕士学位。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159058316","content_text":"GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.GRAPEVINE, Texas, April 08, 2021, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.The Company also shared updates that include:Following the Annual Meeting, the Board intends to elect Mr. Cohen as Chairman;Following the Annual Meeting, all directors will be compensated 100% in equity;Following the Annual Meeting, individual director compensation will be reduced approximately 28% from the prior year, andEffective immediately, the Board has appointed Mr. Grube to serve on the Strategic Planning and Capital Allocation Committee.New Director Candidate BiographiesLarry Chengis Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners. He presently leads the Internet and Consumer team at Volition, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. He received his bachelor's degree from Harvard College where he concentrated in Psychology.Yang Xuis Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare. She has a bachelor’s degree in Finance from Wuhan University, a master’s degree in management from the HEC School of Management and a master’s in business administration from the London Business School.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341995813,"gmtCreate":1617768669632,"gmtModify":1634296615354,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341995813","repostId":"1177263079","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357175505,"gmtCreate":1617252366307,"gmtModify":1634521791042,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/357175505","repostId":"1153467447","repostType":4,"repost":{"id":"1153467447","kind":"news","pubTimestamp":1617241636,"share":"https://www.laohu8.com/m/news/1153467447?lang=zh_CN&edition=full","pubTime":"2021-04-01 09:47","market":"us","language":"en","title":"Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153467447","media":"Market Wacth","summary":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, th","content":"<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch早在11月份就报道了几款基础设施专用ETF，它们可能仍然是投资者投入资金的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供出色的回报。MarketWatch采访了CFRA共同基金和ETF研究主管Todd Rosenbluth，了解了一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>在概述该计划的新闻稿中，拜登政府写道，“宽带互联网是新的电力。美国人有必要做好自己的工作，平等参与学校学习、医疗保健和保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth建议选择Defiance Next Gen Connectivity ETFFIVG，+0.74%，其简洁的股票代码为FIVG。它持有的是“汤到坚果”的公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金，等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元资产，收取30个基点的管理费，成立约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是Pacer基准数据和基础设施房地产SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。然而，值得注意的是，SRVR由房地产投资信托基金组成，这对投资者的影响与普通股票不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>该提案指出：“拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我们国家儿童和有色人种社区的健康。”</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>Rosenbluth表示：“我认为这是一个不为人知的投资主题，但我惊喜地看到这只ETF有15亿美元。”该基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>Rosenbluth评级PHO在水务公司、机械公司、工业和材料公司中“极其多元化”，这些公司生产改善水基础设施、生命科学工具等设备。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时表示，像这样的ETF的一个额外好处是，它们“本质上往往是跨行业的。你围绕着投资主题，并参与到与该主题相关的更广泛的生态系统中。设备和服务。”</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易适应现有的传统投资组合设计。Rosenbluth表示：“这并不是工业部门ETF或跟踪公用事业的ETF的简单替代品。”“这是一只多种形式的ETF。尽管如此，它仍然可以成为现有投资组合的良好补充，特别是对于具有长期视野的投资者来说。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO的收费也比许多ETF高一点：50个基点。然而，它从2005年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如MarketWatch 3月中旬报道的那样，尽管此类支出在美国就业计划中占据显着地位，而且尽管油价CL.1, 0.63%持续上涨，但清洁能源ETF最近几周仍大幅下跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉MarketWatch，“这些确实是可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受青睐的清洁能源ETF在2020年大幅上涨后仍大幅下跌。例如，最大的ishares全球清洁能源ETFICLN(+3.45%)下跌近14%，而Invesco Solar ETFTAN(+2.80%)则下跌11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划发布后，该组织周三上涨，表明随着立法的推进，可能会有上行空间。其他需要考虑的基金可能是第一信托纳斯达克清洁边缘绿色能源指数基金QCLN，+4.16%，和ALPS清洁能源ETF.ACES，+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>这不是一个基础设施支出计划会立即大幅增长的行业，但如果材料和工人通过飞机、火车和汽车在全国范围内运输，交通运输将获得间接提振——而且它将成为道路、桥梁、机场等设施改善的受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth建议投资者考虑iShares TransportationIYT，-0.49%平均ETF（市场加权）或SPDR S&amp;P Transportation ETFXTN，-0.83%（等权重）。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>罗森布鲁斯指出：“这些基金似乎是后一周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是明显的受益者，而且投资是长期的。”</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成非常不同，投资者应该仔细研究这两只ETF的投资组合。例如，IYT的前三大持股是联邦快递公司FDX，-0.66%，占12%；诺福克南方公司NSC，-0.65%，占11%；堪萨斯城南方KSU，+1.65%，占投资组合的11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是XTN最大的持股，但仅占投资组合的3.2%。Avis Budget Group Inc.CAR,-3.28%排名第二，为2.9%，物流公司Expeditors International of Washington Inc.EXPD,+0.42%排名第三，为2.8%。</blockquote></p><p></p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-04-01 09:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch早在11月份就报道了几款基础设施专用ETF，它们可能仍然是投资者投入资金的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供出色的回报。MarketWatch采访了CFRA共同基金和ETF研究主管Todd Rosenbluth，了解了一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>在概述该计划的新闻稿中，拜登政府写道，“宽带互联网是新的电力。美国人有必要做好自己的工作，平等参与学校学习、医疗保健和保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth建议选择Defiance Next Gen Connectivity ETFFIVG，+0.74%，其简洁的股票代码为FIVG。它持有的是“汤到坚果”的公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金，等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元资产，收取30个基点的管理费，成立约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是Pacer基准数据和基础设施房地产SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。然而，值得注意的是，SRVR由房地产投资信托基金组成，这对投资者的影响与普通股票不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>该提案指出：“拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我们国家儿童和有色人种社区的健康。”</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>Rosenbluth表示：“我认为这是一个不为人知的投资主题，但我惊喜地看到这只ETF有15亿美元。”该基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>Rosenbluth评级PHO在水务公司、机械公司、工业和材料公司中“极其多元化”，这些公司生产改善水基础设施、生命科学工具等设备。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时表示，像这样的ETF的一个额外好处是，它们“本质上往往是跨行业的。你围绕着投资主题，并参与到与该主题相关的更广泛的生态系统中。设备和服务。”</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易适应现有的传统投资组合设计。Rosenbluth表示：“这并不是工业部门ETF或跟踪公用事业的ETF的简单替代品。”“这是一只多种形式的ETF。尽管如此，它仍然可以成为现有投资组合的良好补充，特别是对于具有长期视野的投资者来说。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO的收费也比许多ETF高一点：50个基点。然而，它从2005年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如MarketWatch 3月中旬报道的那样，尽管此类支出在美国就业计划中占据显着地位，而且尽管油价CL.1, 0.63%持续上涨，但清洁能源ETF最近几周仍大幅下跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉MarketWatch，“这些确实是可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受青睐的清洁能源ETF在2020年大幅上涨后仍大幅下跌。例如，最大的ishares全球清洁能源ETFICLN(+3.45%)下跌近14%，而Invesco Solar ETFTAN(+2.80%)则下跌11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划发布后，该组织周三上涨，表明随着立法的推进，可能会有上行空间。其他需要考虑的基金可能是第一信托纳斯达克清洁边缘绿色能源指数基金QCLN，+4.16%，和ALPS清洁能源ETF.ACES，+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>这不是一个基础设施支出计划会立即大幅增长的行业，但如果材料和工人通过飞机、火车和汽车在全国范围内运输，交通运输将获得间接提振——而且它将成为道路、桥梁、机场等设施改善的受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth建议投资者考虑iShares TransportationIYT，-0.49%平均ETF（市场加权）或SPDR S&amp;P Transportation ETFXTN，-0.83%（等权重）。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>罗森布鲁斯指出：“这些基金似乎是后一周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是明显的受益者，而且投资是长期的。”</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成非常不同，投资者应该仔细研究这两只ETF的投资组合。例如，IYT的前三大持股是联邦快递公司FDX，-0.66%，占12%；诺福克南方公司NSC，-0.65%，占11%；堪萨斯城南方KSU，+1.65%，占投资组合的11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是XTN最大的持股，但仅占投资组合的3.2%。Avis Budget Group Inc.CAR,-3.28%排名第二，为2.9%，物流公司Expeditors International of Washington Inc.EXPD,+0.42%排名第三，为2.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page\">Market Wacth</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":{"IYT":"运输指数ETF-iShares","PHO":"水资源ETF-PowerShares","FIVG":"Defiance Next Gen Connectivity ETF","XTN":"SPDR S&P Transportation ETF","TAN":"太阳能ETF-Guggenheim","QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund","ICLN":"iShares S&P Global Clean Energy","SRVR":"PACER DATA & INFRASTRUCTURE REAL ESTATE ETF","ACES":"ALPS Clean Energy ETF"},"source_url":"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153467447","content_text":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.BroadbandIn a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.Another option, the Pacer Benchmark Data & Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.Water“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.Clean energyAs MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%TransportationIt’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&P Transportation ETFXTN,-0.83%,which is equal-weighted.“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.","news_type":1,"symbols_score_info":{"TAN":0.9,"FIVG":0.9,"PHO":0.9,"ACES":0.9,"QCLN":0.9,"IYT":0.9,"ICLN":0.9,"XTN":0.9,"SRVR":0.9}},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328642242,"gmtCreate":1615524424786,"gmtModify":1703490419253,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>waiting..","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>waiting..","text":"$ARK Innovation ETF(ARKK)$waiting..","images":[{"img":"https://static.tigerbbs.com/cbc082eaa418f20018b38fdf06bebbad","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328642242","isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":328646329,"gmtCreate":1615524369861,"gmtModify":1703490416838,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328646329","repostId":"1144029837","repostType":4,"repost":{"id":"1144029837","kind":"news","pubTimestamp":1615513990,"share":"https://www.laohu8.com/m/news/1144029837?lang=zh_CN&edition=full","pubTime":"2021-03-12 09:53","market":"sg","language":"en","title":"The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144029837","media":"Nasdaq","summary":"The stock market has been going through a lot of volatility lately, and theNasdaq Composite(NASDAQIN","content":"<p>The stock market has been going through a lot of volatility lately, and the<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.</p><p><blockquote>股市最近经历了很大的波动，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）发现自己处于劣势。然而周四，纳斯达克又坚持了下来。事实上，截至下午1:45美国东部时间今天，成长型股票基准涨幅超过2.5%，引领市场其他股票走高。</blockquote></p><p>A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of<b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>(NASDAQ: MELI),<b>Okta</b>(NASDAQ: OKTA), and<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.</p><p><blockquote>最近几周，许多知名成长型股票受到了很大的惩罚，因为投资者对许多有前途的公司的前景遭遇了信心危机。然而，周四，情况似乎有所好转。特别是，<b><a href=\"https://laohu8.com/S/MELI\">自由市场</a></b>（纳斯达克：MELI），<b>奥克塔</b>（纳斯达克：OKTA），以及<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>（纳斯达克：PYPL）的涨幅超过了纳斯达克，并计划从二月底和本月初的挫折中全面反弹。</blockquote></p><p><b>MercadoLibre's back in business</b></p><p><blockquote><b>MercadoLibre重新开业</b></blockquote></p><p>Less than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.</p><p><blockquote>不到一周前，MercadoLibre的股价较今年早些时候的高点下跌了30%。然而，它们已经大幅反弹，今天近10%的涨幅有助于收复失地。</blockquote></p><p>The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.</p><p><blockquote>周四，这位拉丁美洲电子商务专家获得了BTIG分析师的信任票。他们将该股评级从中性上调至买入，并将目标价定为每股1720美元。即使在今天下午较高的价格水平上，这也为MercadoLibre提供了10%的额外上涨空间。</blockquote></p><p>BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.</p><p><blockquote>BTIG喜欢MercadoLibre一直遵循的战略，特别是考虑到它能够在其核心电子商务市场中添加辅助服务的方式。Mercado Pago支付网络本身就大受欢迎，它从MercadoLibre生态系统之外产生了大量流量。该公司似乎也正在从巴西主要市场的其他参与者那里获得整体市场份额。</blockquote></p><p><b>Investors might like Okta's big buy after all</b></p><p><blockquote><b>毕竟投资者可能会喜欢Okta的大举买入</b></blockquote></p><p>Shares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.</p><p><blockquote>Okta股价上涨8%，继续上涨，使这家网络身份专家的股价较近期低点上涨约20%。该股下跌了30%，但从根本上说，Okta看起来做得很好。</blockquote></p><p>The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.</p><p><blockquote>该公司在上周公布第四季度财务业绩时最初下跌。尽管该期间收入同比增长40%且利润不大，但投资者不确定如何接受暗示收入增长放缓和可能亏损的指引。</blockquote></p><p>Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.</p><p><blockquote>Sokta以65亿美元收购专注于客户身份管理的私营Auth0也引发了一些问题。这是一个增长领域，有人说Auth0产品实际上比Okta的竞争产品有一些优势，这使得收购对Okta来说是双赢的。然而，当市场对成长型股票失去信心时，这似乎是一次不合时宜的尝试。</blockquote></p><p>It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.</p><p><blockquote>不过，很明显，Okta不会缺少寻求身份验证服务的客户。这种意识再次提振了该股，从长远来看，它可能有助于为Okta建立更多动力。</blockquote></p><p><b>Paying the piper</b></p><p><blockquote><b>付钱给风笛手</b></blockquote></p><p>Lastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.</p><p><blockquote>最后，PayPal控股股价上涨约5%。这家支付网络专家遭受了25%的打击，但通过一系列战略举措，其业绩正在上升。</blockquote></p><p>First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.</p><p><blockquote>首先，PayPal最近敲定了收购加密货币安全公司Curv的协议。自去年年底开始通过其应用程序提供精选代币以来，加密货币一直是PayPal的一项大业务。随着加密货币价格回到创纪录水平附近，投资者对PayPal在该领域保持有效竞争的潜力感到兴奋。</blockquote></p><p>Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.</p><p><blockquote>与此同时，PayPal还努力允许客户使用短期分期付款计划进行购买，将购买价格分为四次付款。PayPal在4service中的薪资并不是唯一的<a href=\"https://laohu8.com/S/AONE.U\">一</a>在业务中，但它代表了公司进入该领域的竞争力。所有这些因素加在一起，让人们再次对PayPal感到良好。</blockquote></p><p><b>Ride the wave</b></p><p><blockquote><b>乘风破浪</b></blockquote></p><p>Volatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.</p><p><blockquote>波动很难忍受，但在低点卖出很少奏效。PayPal、Okta和MercadoLibre最近的上涨表明，强大的企业可以从逆境中反弹，并奖励坚持到底的股东。</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>The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</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 Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-12 09:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market has been going through a lot of volatility lately, and the<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.</p><p><blockquote>股市最近经历了很大的波动，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）发现自己处于劣势。然而周四，纳斯达克又坚持了下来。事实上，截至下午1:45美国东部时间今天，成长型股票基准涨幅超过2.5%，引领市场其他股票走高。</blockquote></p><p>A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of<b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>(NASDAQ: MELI),<b>Okta</b>(NASDAQ: OKTA), and<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.</p><p><blockquote>最近几周，许多知名成长型股票受到了很大的惩罚，因为投资者对许多有前途的公司的前景遭遇了信心危机。然而，周四，情况似乎有所好转。特别是，<b><a href=\"https://laohu8.com/S/MELI\">自由市场</a></b>（纳斯达克：MELI），<b>奥克塔</b>（纳斯达克：OKTA），以及<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>（纳斯达克：PYPL）的涨幅超过了纳斯达克，并计划从二月底和本月初的挫折中全面反弹。</blockquote></p><p><b>MercadoLibre's back in business</b></p><p><blockquote><b>MercadoLibre重新开业</b></blockquote></p><p>Less than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.</p><p><blockquote>不到一周前，MercadoLibre的股价较今年早些时候的高点下跌了30%。然而，它们已经大幅反弹，今天近10%的涨幅有助于收复失地。</blockquote></p><p>The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.</p><p><blockquote>周四，这位拉丁美洲电子商务专家获得了BTIG分析师的信任票。他们将该股评级从中性上调至买入，并将目标价定为每股1720美元。即使在今天下午较高的价格水平上，这也为MercadoLibre提供了10%的额外上涨空间。</blockquote></p><p>BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.</p><p><blockquote>BTIG喜欢MercadoLibre一直遵循的战略，特别是考虑到它能够在其核心电子商务市场中添加辅助服务的方式。Mercado Pago支付网络本身就大受欢迎，它从MercadoLibre生态系统之外产生了大量流量。该公司似乎也正在从巴西主要市场的其他参与者那里获得整体市场份额。</blockquote></p><p><b>Investors might like Okta's big buy after all</b></p><p><blockquote><b>毕竟投资者可能会喜欢Okta的大举买入</b></blockquote></p><p>Shares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.</p><p><blockquote>Okta股价上涨8%，继续上涨，使这家网络身份专家的股价较近期低点上涨约20%。该股下跌了30%，但从根本上说，Okta看起来做得很好。</blockquote></p><p>The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.</p><p><blockquote>该公司在上周公布第四季度财务业绩时最初下跌。尽管该期间收入同比增长40%且利润不大，但投资者不确定如何接受暗示收入增长放缓和可能亏损的指引。</blockquote></p><p>Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.</p><p><blockquote>Sokta以65亿美元收购专注于客户身份管理的私营Auth0也引发了一些问题。这是一个增长领域，有人说Auth0产品实际上比Okta的竞争产品有一些优势，这使得收购对Okta来说是双赢的。然而，当市场对成长型股票失去信心时，这似乎是一次不合时宜的尝试。</blockquote></p><p>It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.</p><p><blockquote>不过，很明显，Okta不会缺少寻求身份验证服务的客户。这种意识再次提振了该股，从长远来看，它可能有助于为Okta建立更多动力。</blockquote></p><p><b>Paying the piper</b></p><p><blockquote><b>付钱给风笛手</b></blockquote></p><p>Lastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.</p><p><blockquote>最后，PayPal控股股价上涨约5%。这家支付网络专家遭受了25%的打击，但通过一系列战略举措，其业绩正在上升。</blockquote></p><p>First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.</p><p><blockquote>首先，PayPal最近敲定了收购加密货币安全公司Curv的协议。自去年年底开始通过其应用程序提供精选代币以来，加密货币一直是PayPal的一项大业务。随着加密货币价格回到创纪录水平附近，投资者对PayPal在该领域保持有效竞争的潜力感到兴奋。</blockquote></p><p>Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.</p><p><blockquote>与此同时，PayPal还努力允许客户使用短期分期付款计划进行购买，将购买价格分为四次付款。PayPal在4service中的薪资并不是唯一的<a href=\"https://laohu8.com/S/AONE.U\">一</a>在业务中，但它代表了公司进入该领域的竞争力。所有这些因素加在一起，让人们再次对PayPal感到良好。</blockquote></p><p><b>Ride the wave</b></p><p><blockquote><b>乘风破浪</b></blockquote></p><p>Volatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.</p><p><blockquote>波动很难忍受，但在低点卖出很少奏效。PayPal、Okta和MercadoLibre最近的上涨表明，强大的企业可以从逆境中反弹，并奖励坚持到底的股东。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/the-nasdaqs-back-and-these-3-stocks-are-flying-high-again-2021-03-11\">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":{"MELI":"MercadoLibre","PYPL":"PayPal","OKTA":"Okta Inc."},"source_url":"https://www.nasdaq.com/articles/the-nasdaqs-back-and-these-3-stocks-are-flying-high-again-2021-03-11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144029837","content_text":"The stock market has been going through a lot of volatility lately, and theNasdaq Composite(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares ofMercadoLibre(NASDAQ: MELI),Okta(NASDAQ: OKTA), andPayPal Holdings(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.MercadoLibre's back in businessLess than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.Investors might like Okta's big buy after allShares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.Paying the piperLastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only one in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.Ride the waveVolatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.","news_type":1,"symbols_score_info":{"PYPL":0.9,"OKTA":0.9,"MELI":0.9}},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329971305,"gmtCreate":1615203264807,"gmtModify":1703485599531,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Great!!","listText":"Great!!","text":"Great!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329971305","repostId":"1162079280","repostType":2,"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367135803,"gmtCreate":1614918737802,"gmtModify":1703482972266,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment![开心]&nbsp;","listText":"Like and comment![开心]&nbsp;","text":"Like and comment![开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367135803","repostId":"1112359794","repostType":4,"repost":{"id":"1112359794","kind":"news","pubTimestamp":1614911874,"share":"https://www.laohu8.com/m/news/1112359794?lang=zh_CN&edition=full","pubTime":"2021-03-05 10:37","market":"us","language":"en","title":"A Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112359794","media":"Nasdaq","summary":"The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — ","content":"<p>The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. </p><p><blockquote>伯克希尔哈撒韦公司的年度信函一如既往地由现年90岁的首席执行官沃伦·巴菲特撰写，于上周末发布。</blockquote></p><p>Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.</p><p><blockquote>阅读伯克希尔的信，寻找巴菲特的名言和见解的复活节彩蛋，已经成为金融界许多人的年度传统。分析师、基金经理、记者和各类投资者往往会在报告发布的周末阅读，即使他们不持有股票。</blockquote></p><p>Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available&nbsp;here.</p><p><blockquote>你的编辑就是这样一位读者：虽然从来不是股东，但我们已经仔细阅读巴菲特的信件近20年了。我们也有所有的旧信件存档，可以追溯到我们出生之前很久。在我们看来，最好的一封是涵盖1965年的巴菲特合伙信，可以在这里找到。</blockquote></p><p>The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.</p><p><blockquote>与过去几年相比，2021年的信感觉忧郁而克制。考虑到美国和世界在2020年不得不经历的事情，这是有道理的。</blockquote></p><p>Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:</p><p><blockquote>尽管如此，就悲观和黑暗警告而言——这与巴菲特的正常情况相去甚远——这段关于固定收益投资者“黯淡未来”的文章还是很突出：</blockquote></p><p><i>[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.</i></p><p><blockquote><i>现在不是去onds的地方。你能相信最近10年期美国国债的收益（年底收益率为0.93%）比1981年9月的15.8%下降了94%吗？在某些大国和重要国家，如德国和日本，投资者从数万亿美元的主权债务中获得了负回报。全球固定收益投资者——无论是养老基金、保险公司还是退休人员——都面临着黯淡的未来。</i></blockquote></p><p>Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.</p><p><blockquote>根据巴菲特的计算，从1981年9月到2020年底的近四十年时间里，10年期国债的收益率下降了94%。</blockquote></p><p>In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.</p><p><blockquote>关于收益率下降，Semper Augustus总裁兼首席投资官Chris Bloomstran提供了另一个引人注目的统计数据：截至2月27日，美国30年期国债价格在三个月内下跌了16%以上——这一跌幅抹去了整整10年的息票支付。同样根据Bloomstran的说法，10年期债券在此期间放弃了7年的息票。</blockquote></p><p>Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.</p><p><blockquote>想象一下，削减整整十年的政府债券息票，然后在短短12周的时间里，损失了相当于所有付款甚至更多的本金。现在想象一下，努力成为一名政府债券投资者。</blockquote></p><p>For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.</p><p><blockquote>对于长期美国国债持有者来说，痛苦正在增加，因为在疫苗乐观情绪、被压抑的需求和财政刺激海啸的推动下，美国经济正在通货再膨胀。疯狂的经济增长即将到来，随之而来的是通货膨胀。</blockquote></p><p>If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.</p><p><blockquote>如果你原谅这种廉价的押韵，利率“更长时间地降低”的口号现在看起来“越来越错误”。根据Bespoke Investment Group的数据，美林10年期以上国债指数2021年的抛售已经产生了自1988年有记录以来第三差的百分比——而且这一年还很年轻。</blockquote></p><p>Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.</p><p><blockquote>然后，巴菲特回顾1981年，近40年来收益率下降了94%，这也清醒地提醒人们钟摆已经摆了多远。下图来自FRED，显示了10年期国债收益率从1980年到今天的40年历程。</blockquote></p><p>It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”</p><p><blockquote>很难比10年期国债收益率更能生动地说明雷·达里奥·评级的“长期债务周期”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36263398704c16a502896748461035c5\" tg-width=\"808\" tg-height=\"566\" referrerpolicy=\"no-referrer\">The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.</p><p><blockquote>长期债务周期是一种周期性模式，即使债务和杠杆水平上升，利率和通胀压力也往往会下降，持续数十年。</blockquote></p><p>At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.</p><p><blockquote>在1981年开始的长期债务周期之初，通货膨胀率极高，而债务和杠杆水平却很低。</blockquote></p><p>Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.</p><p><blockquote>利率在1981年达到顶峰，因为那一年美联储主席保罗·沃尔克最终以投资者可以承认的方式“打破了通胀的后盾”。</blockquote></p><p>Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.</p><p><blockquote>沃尔克通过多年痛苦的高利率消除通货膨胀的努力是清理债务和杠杆的一部分。20世纪80年代初，美国经历了不止一次，而是两次衰退，相隔约14个月，因为借贷价格飙升。</blockquote></p><p>But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.</p><p><blockquote>但沃尔克成功的反通胀运动，加上低债务和杠杆水平，正是让新的长期债务周期开始的原因。</blockquote></p><p>The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.<img src=\"https://static.tigerbbs.com/078f1f48bf80854f84c01fc648e7b5f4\" tg-width=\"809\" tg-height=\"563\" referrerpolicy=\"no-referrer\">The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.</p><p><blockquote>如下图所示，1980年以来债务与GDP之比的增加是10年期国债收益率下降的倒影。这是因为，在标准的长期债务周期中，债务水平会随着通货膨胀和借贷成本的下降而上升。巴菲特警告固定收益投资者的“黯淡未来”与长期债务周期达到最远点时会发生什么有关。</blockquote></p><p></p><p>Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.</p><p><blockquote>想象一个巨大的、缓慢移动的钟摆，在40多年的时间里朝着同一个方向摆动。在整个时间窗口内，债券收益率和通胀压力都在下降，尽管债务和杠杆水平在上升。</blockquote></p><p>Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.</p><p><blockquote>一旦钟摆开始向另一个方向摆动，就会出现几十年相反方向的趋势。收益率不是连续几十年下降，而是连续几十年上升（这意味着债券价格下跌）；随着时间的推移，债务和杠杆率占产出的百分比并没有上升到越来越高的水平，而是有一个远不那么令人愉快的几十年时期，债务和杠杆水平在产出中的百分比随着时间的推移被削减（或膨胀），回落到之前的极端水平。</blockquote></p><p>Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.</p><p><blockquote>然后，一旦钟摆一直摆回来，它就会再次向前摆动，这是一种高利率与低利率、低债务水平与高债务水平之间的永久振荡。因为一个国家的经济是不朽的——假设这个国家继续存在——这些建立和倒退的代际模式可以无限重复。</blockquote></p><p>What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.</p><p><blockquote>大多数投资者尚未意识到的是，他们在市场上的整个个人经历——可以追溯到1981年——都是为了长期债务周期中令人愉快的一半。</blockquote></p><p>All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.</p><p><blockquote>他们凭直觉所知道的——除非他们是20世纪70年代的活跃市场参与者——就是利率从左到右的钟摆摆动，债务和杠杆不断上升。</blockquote></p><p>Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.</p><p><blockquote>巴菲特对固定收益投资者的警告提醒我们，我们正走向长期债务周期中不太愉快的一半——在这一时期，利率不断上升，然后进一步上升，因为政府、企业和消费者要么积极减少债务负担，要么看到这些债务的价值膨胀。</blockquote></p><p>Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).</p><p><blockquote>此外，通货膨胀也是这一过程的一部分，因为债务调整几乎总是更多地通过通货膨胀而不是严格的勒紧裤腰带进行：通过印刷机减轻债务负担更容易，印刷机降低了债务与债务的百分比-随着时间的推移产出。这种趋势也解释了为什么在未来一二十年（或三年或四年）内，通胀可能会再次飙升，利率也会随之上升。</blockquote></p><p>Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.<img src=\"https://static.tigerbbs.com/e31778f96af4d69be42e3fed9c5d32a1\" tg-width=\"809\" tg-height=\"564\" referrerpolicy=\"no-referrer\">The bottom line is that very few investors are ready for the world that is coming.</p><p><blockquote>只是为了好玩，我们拿了10年期收益率图表并水平翻转图像（下图），以创建一个视觉画面，如果长期债务周期完美回撤，未来40年可能会是什么样子。当然，事情从来没有那么简单，但作为一种心理练习，尝试想象利率遵循如下所示的路径是值得的。底线是，很少有投资者为即将到来的世界做好准备。</blockquote></p><p>With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.</p><p><blockquote>随着美国为未来一年类似新兴市场的增长水平做准备，“长期走低”变得“越来越错误”——美联储表示，至少就目前而言，长期收益率的上升是可以接受的——股市脆弱领域的混乱可能才刚刚开始。</blockquote></p><p><i>Originally by Beverly Becker for TradeSmith.com</i>.</p><p><blockquote><i>最初由Beverly Becker为TradeSmith.com撰写</i>.</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-05 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. </p><p><blockquote>伯克希尔哈撒韦公司的年度信函一如既往地由现年90岁的首席执行官沃伦·巴菲特撰写，于上周末发布。</blockquote></p><p>Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.</p><p><blockquote>阅读伯克希尔的信，寻找巴菲特的名言和见解的复活节彩蛋，已经成为金融界许多人的年度传统。分析师、基金经理、记者和各类投资者往往会在报告发布的周末阅读，即使他们不持有股票。</blockquote></p><p>Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available&nbsp;here.</p><p><blockquote>你的编辑就是这样一位读者：虽然从来不是股东，但我们已经仔细阅读巴菲特的信件近20年了。我们也有所有的旧信件存档，可以追溯到我们出生之前很久。在我们看来，最好的一封是涵盖1965年的巴菲特合伙信，可以在这里找到。</blockquote></p><p>The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.</p><p><blockquote>与过去几年相比，2021年的信感觉忧郁而克制。考虑到美国和世界在2020年不得不经历的事情，这是有道理的。</blockquote></p><p>Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:</p><p><blockquote>尽管如此，就悲观和黑暗警告而言——这与巴菲特的正常情况相去甚远——这段关于固定收益投资者“黯淡未来”的文章还是很突出：</blockquote></p><p><i>[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.</i></p><p><blockquote><i>现在不是去onds的地方。你能相信最近10年期美国国债的收益（年底收益率为0.93%）比1981年9月的15.8%下降了94%吗？在某些大国和重要国家，如德国和日本，投资者从数万亿美元的主权债务中获得了负回报。全球固定收益投资者——无论是养老基金、保险公司还是退休人员——都面临着黯淡的未来。</i></blockquote></p><p>Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.</p><p><blockquote>根据巴菲特的计算，从1981年9月到2020年底的近四十年时间里，10年期国债的收益率下降了94%。</blockquote></p><p>In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.</p><p><blockquote>关于收益率下降，Semper Augustus总裁兼首席投资官Chris Bloomstran提供了另一个引人注目的统计数据：截至2月27日，美国30年期国债价格在三个月内下跌了16%以上——这一跌幅抹去了整整10年的息票支付。同样根据Bloomstran的说法，10年期债券在此期间放弃了7年的息票。</blockquote></p><p>Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.</p><p><blockquote>想象一下，削减整整十年的政府债券息票，然后在短短12周的时间里，损失了相当于所有付款甚至更多的本金。现在想象一下，努力成为一名政府债券投资者。</blockquote></p><p>For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.</p><p><blockquote>对于长期美国国债持有者来说，痛苦正在增加，因为在疫苗乐观情绪、被压抑的需求和财政刺激海啸的推动下，美国经济正在通货再膨胀。疯狂的经济增长即将到来，随之而来的是通货膨胀。</blockquote></p><p>If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.</p><p><blockquote>如果你原谅这种廉价的押韵，利率“更长时间地降低”的口号现在看起来“越来越错误”。根据Bespoke Investment Group的数据，美林10年期以上国债指数2021年的抛售已经产生了自1988年有记录以来第三差的百分比——而且这一年还很年轻。</blockquote></p><p>Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.</p><p><blockquote>然后，巴菲特回顾1981年，近40年来收益率下降了94%，这也清醒地提醒人们钟摆已经摆了多远。下图来自FRED，显示了10年期国债收益率从1980年到今天的40年历程。</blockquote></p><p>It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”</p><p><blockquote>很难比10年期国债收益率更能生动地说明雷·达里奥·评级的“长期债务周期”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36263398704c16a502896748461035c5\" tg-width=\"808\" tg-height=\"566\" referrerpolicy=\"no-referrer\">The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.</p><p><blockquote>长期债务周期是一种周期性模式，即使债务和杠杆水平上升，利率和通胀压力也往往会下降，持续数十年。</blockquote></p><p>At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.</p><p><blockquote>在1981年开始的长期债务周期之初，通货膨胀率极高，而债务和杠杆水平却很低。</blockquote></p><p>Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.</p><p><blockquote>利率在1981年达到顶峰，因为那一年美联储主席保罗·沃尔克最终以投资者可以承认的方式“打破了通胀的后盾”。</blockquote></p><p>Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.</p><p><blockquote>沃尔克通过多年痛苦的高利率消除通货膨胀的努力是清理债务和杠杆的一部分。20世纪80年代初，美国经历了不止一次，而是两次衰退，相隔约14个月，因为借贷价格飙升。</blockquote></p><p>But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.</p><p><blockquote>但沃尔克成功的反通胀运动，加上低债务和杠杆水平，正是让新的长期债务周期开始的原因。</blockquote></p><p>The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.<img src=\"https://static.tigerbbs.com/078f1f48bf80854f84c01fc648e7b5f4\" tg-width=\"809\" tg-height=\"563\" referrerpolicy=\"no-referrer\">The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.</p><p><blockquote>如下图所示，1980年以来债务与GDP之比的增加是10年期国债收益率下降的倒影。这是因为，在标准的长期债务周期中，债务水平会随着通货膨胀和借贷成本的下降而上升。巴菲特警告固定收益投资者的“黯淡未来”与长期债务周期达到最远点时会发生什么有关。</blockquote></p><p></p><p>Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.</p><p><blockquote>想象一个巨大的、缓慢移动的钟摆，在40多年的时间里朝着同一个方向摆动。在整个时间窗口内，债券收益率和通胀压力都在下降，尽管债务和杠杆水平在上升。</blockquote></p><p>Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.</p><p><blockquote>一旦钟摆开始向另一个方向摆动，就会出现几十年相反方向的趋势。收益率不是连续几十年下降，而是连续几十年上升（这意味着债券价格下跌）；随着时间的推移，债务和杠杆率占产出的百分比并没有上升到越来越高的水平，而是有一个远不那么令人愉快的几十年时期，债务和杠杆水平在产出中的百分比随着时间的推移被削减（或膨胀），回落到之前的极端水平。</blockquote></p><p>Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.</p><p><blockquote>然后，一旦钟摆一直摆回来，它就会再次向前摆动，这是一种高利率与低利率、低债务水平与高债务水平之间的永久振荡。因为一个国家的经济是不朽的——假设这个国家继续存在——这些建立和倒退的代际模式可以无限重复。</blockquote></p><p>What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.</p><p><blockquote>大多数投资者尚未意识到的是，他们在市场上的整个个人经历——可以追溯到1981年——都是为了长期债务周期中令人愉快的一半。</blockquote></p><p>All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.</p><p><blockquote>他们凭直觉所知道的——除非他们是20世纪70年代的活跃市场参与者——就是利率从左到右的钟摆摆动，债务和杠杆不断上升。</blockquote></p><p>Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.</p><p><blockquote>巴菲特对固定收益投资者的警告提醒我们，我们正走向长期债务周期中不太愉快的一半——在这一时期，利率不断上升，然后进一步上升，因为政府、企业和消费者要么积极减少债务负担，要么看到这些债务的价值膨胀。</blockquote></p><p>Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).</p><p><blockquote>此外，通货膨胀也是这一过程的一部分，因为债务调整几乎总是更多地通过通货膨胀而不是严格的勒紧裤腰带进行：通过印刷机减轻债务负担更容易，印刷机降低了债务与债务的百分比-随着时间的推移产出。这种趋势也解释了为什么在未来一二十年（或三年或四年）内，通胀可能会再次飙升，利率也会随之上升。</blockquote></p><p>Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.<img src=\"https://static.tigerbbs.com/e31778f96af4d69be42e3fed9c5d32a1\" tg-width=\"809\" tg-height=\"564\" referrerpolicy=\"no-referrer\">The bottom line is that very few investors are ready for the world that is coming.</p><p><blockquote>只是为了好玩，我们拿了10年期收益率图表并水平翻转图像（下图），以创建一个视觉画面，如果长期债务周期完美回撤，未来40年可能会是什么样子。当然，事情从来没有那么简单，但作为一种心理练习，尝试想象利率遵循如下所示的路径是值得的。底线是，很少有投资者为即将到来的世界做好准备。</blockquote></p><p>With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.</p><p><blockquote>随着美国为未来一年类似新兴市场的增长水平做准备，“长期走低”变得“越来越错误”——美联储表示，至少就目前而言，长期收益率的上升是可以接受的——股市脆弱领域的混乱可能才刚刚开始。</blockquote></p><p><i>Originally by Beverly Becker for TradeSmith.com</i>.</p><p><blockquote><i>最初由Beverly Becker为TradeSmith.com撰写</i>.</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/a-warning-from-warren-buffett%3A-were-a-long-way-from-1981-2021-03-04\">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/a-warning-from-warren-buffett%3A-were-a-long-way-from-1981-2021-03-04","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112359794","content_text":"The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available here.The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.The bottom line is that very few investors are ready for the world that is coming.With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.Originally by Beverly Becker for TradeSmith.com.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":365973660,"gmtCreate":1614694261550,"gmtModify":1703479961671,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"More weakness ahead?","listText":"More weakness ahead?","text":"More weakness ahead?","images":[{"img":"https://static.tigerbbs.com/33ba500b1c0767b08847b5244402e6be","width":"1125","height":"3574"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365973660","isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":365979571,"gmtCreate":1614694201393,"gmtModify":1703479960806,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365979571","repostId":"1187424506","repostType":4,"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365970560,"gmtCreate":1614694143650,"gmtModify":1703479959099,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Looking forward to crash soon","listText":"Looking forward to crash soon","text":"Looking forward to crash soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/365970560","repostId":"1103406593","repostType":4,"isVote":1,"tweetType":1,"viewCount":642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362807692,"gmtCreate":1614610869716,"gmtModify":1703478872869,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362807692","repostId":"1139917940","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":375929777,"gmtCreate":1619280066799,"gmtModify":1634287309056,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/375929777","repostId":"1180713929","repostType":4,"repost":{"id":"1180713929","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":1619191972,"share":"https://www.laohu8.com/m/news/1180713929?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:32","market":"us","language":"en","title":"Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180713929","media":"Tiger Newspress","summary":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDA","content":"<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克：INTC）竞争对手和半导体巨头<b>先进微设备公司</b>（纳斯达克：AMD）周五在纳斯达克早盘交易中上涨，这是英特尔发布令人失望的2021年第一季度收益报告的第一天。截至美国东部时间上午11:30，AMD股价上涨4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果您还没有听说过，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降1%，但该公司仍报告预计每股利润为1.39美元，超出分析师预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告称其毛利率大幅下降540个基点至55.2%，并且由于该公司斥巨资追赶先进计算机芯片领域的竞争对手，其营业利润率几乎减半。花旗集团分析师昨日评论称，英特尔股价似乎已接近其估值峰值，随着投资者适应英特尔正在失去而非获得市场份额的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对AMD来说是个好消息的原因是，至少根据花旗的说法，AMD正在从英特尔手中夺走市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的市盈率仅为13.6倍，与AMD股票的市盈率为38.4倍相比，英特尔股票看起来确实相对便宜。但AMD的资产负债表现金充裕，而英特尔的净债务为135亿美元。根据标准普尔全球市场情报数据，分析师预计英特尔未来五年的盈利年增长率仅为10%，而AMD的年化盈利增长率预计为29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像一只价值股，但拥有所有动力的是AMD。</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 AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</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 AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</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\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克：INTC）竞争对手和半导体巨头<b>先进微设备公司</b>（纳斯达克：AMD）周五在纳斯达克早盘交易中上涨，这是英特尔发布令人失望的2021年第一季度收益报告的第一天。截至美国东部时间上午11:30，AMD股价上涨4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果您还没有听说过，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降1%，但该公司仍报告预计每股利润为1.39美元，超出分析师预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告称其毛利率大幅下降540个基点至55.2%，并且由于该公司斥巨资追赶先进计算机芯片领域的竞争对手，其营业利润率几乎减半。花旗集团分析师昨日评论称，英特尔股价似乎已接近其估值峰值，随着投资者适应英特尔正在失去而非获得市场份额的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对AMD来说是个好消息的原因是，至少根据花旗的说法，AMD正在从英特尔手中夺走市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的市盈率仅为13.6倍，与AMD股票的市盈率为38.4倍相比，英特尔股票看起来确实相对便宜。但AMD的资产负债表现金充裕，而英特尔的净债务为135亿美元。根据标准普尔全球市场情报数据，分析师预计英特尔未来五年的盈利年增长率仅为10%，而AMD的年化盈利增长率预计为29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像一只价值股，但拥有所有动力的是AMD。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180713929","content_text":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDAQ:INTC) rival and fellow semiconductors giant Advanced Micro Devices (NASDAQ:AMD) popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.So whatIntel, if you haven't heard, actually beat on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.And the reason this is good news for AMD is that, according to Citi at least, it's AMD that's taking that market share away from Intel.Now whatSo what's an investor to do with all this information?At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&P Global Market Intelligencedata.Intel may look like a value stockright now, but it's AMD that's gotall the momentum.","news_type":1,"symbols_score_info":{"AMD":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348924131,"gmtCreate":1617882424423,"gmtModify":1634295992414,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment pls! Thanks","listText":"Like and comment pls! Thanks","text":"Like and comment pls! Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348924131","repostId":"1159058316","repostType":4,"repost":{"id":"1159058316","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":1617880511,"share":"https://www.laohu8.com/m/news/1159058316?lang=zh_CN&edition=full","pubTime":"2021-04-08 19:15","market":"us","language":"en","title":"GameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159058316","media":"Tiger Newspress","summary":"GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.GRAPEVINE, Texas","content":"<p>GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.</p><p><blockquote>游戏驿站股价盘前上涨3%，该公司打算选举Ryan Cohen为董事长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e4c4cd515d841733bdf3d21567a9dd0d\" tg-width=\"913\" tg-height=\"516\" referrerpolicy=\"no-referrer\">GRAPEVINE, Texas, April 08, 2021, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.</p><p><blockquote>得克萨斯州格雷普韦恩，2021年4月8日，游戏驿站公司（纽约证券交易所代码：GME）（“游戏驿站”或“公司”）今天宣布，提名以下六名个人在2021年6月9日举行的公司年度股东大会（“年会”）上竞选其董事会成员（“董事会”）：Alan Attal、Larry Cheng、Ryan Cohen、Jim Grube、George Sherman和杨旭。</blockquote></p><p>The Company also shared updates that include:</p><p><blockquote>该公司还分享了更新，其中包括：</blockquote></p><p><ul><li>Following the Annual Meeting, the Board intends to elect Mr. Cohen as Chairman;</li><li>Following the Annual Meeting, all directors will be compensated 100% in equity;</li><li>Following the Annual Meeting, individual director compensation will be reduced approximately 28% from the prior year, and</li><li>Effective immediately, the Board has appointed Mr. Grube to serve on the Strategic Planning and Capital Allocation Committee.</li></ul><b>New Director Candidate Biographies</b></p><p><blockquote><ul><li>年会结束后，董事会打算选举科恩先生为主席；</li><li>年会结束后，所有董事将获得100%的股权报酬；</li><li>年会后，个别董事薪酬将较上年减少约28%，并</li><li>董事会已任命Grube先生为战略规划和资本分配委员会成员，立即生效。</li></ul><b>新任董事候选人履历</b></blockquote></p><p><b>Larry Cheng</b>is Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners. He presently leads the Internet and Consumer team at Volition, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. He received his bachelor's degree from Harvard College where he concentrated in Psychology.</p><p><blockquote><b>郑志刚</b>是Volition Capital的联合创始人和管理合伙人，Volition Capital是一家领先的成长型股权投资公司，总部位于马萨诸塞州波士顿，也是Chewy的第一位投资者。他在Volition Capital、Fidelity Ventures、Battery Ventures和Bessemer Venture Partners拥有二十多年的风险投资和成长型股权投资经验。他目前领导Volition的互联网和消费者团队，专注于电子商务、互联网服务、消费品牌、数字媒体和游戏领域的颠覆性公司。他在哈佛学院获得学士学位，主修心理学。</blockquote></p><p><b>Yang Xu</b>is Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare. She has a bachelor’s degree in Finance from Wuhan University, a master’s degree in management from the HEC School of Management and a master’s in business administration from the London Business School.</p><p><blockquote><b>杨旭</b>是卡夫亨氏公司全球财务和财务高级副总裁。她在美国、亚洲和欧洲的资本市场、金融、战略规划、交易和业务运营方面拥有20多年的丰富经验。在加入卡夫亨氏公司之前，她曾在惠而浦公司和通用电气医疗保健公司任职。彼持有武汉大学金融学学士学位、香港高等商学院管理学硕士学位及伦敦商学院工商管理硕士学位。</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>GameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop shares rose 3% in pre-market<blockquote>游戏驿站股价盘前上涨3%</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\">2021-04-08 19:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.</p><p><blockquote>游戏驿站股价盘前上涨3%，该公司打算选举Ryan Cohen为董事长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e4c4cd515d841733bdf3d21567a9dd0d\" tg-width=\"913\" tg-height=\"516\" referrerpolicy=\"no-referrer\">GRAPEVINE, Texas, April 08, 2021, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.</p><p><blockquote>得克萨斯州格雷普韦恩，2021年4月8日，游戏驿站公司（纽约证券交易所代码：GME）（“游戏驿站”或“公司”）今天宣布，提名以下六名个人在2021年6月9日举行的公司年度股东大会（“年会”）上竞选其董事会成员（“董事会”）：Alan Attal、Larry Cheng、Ryan Cohen、Jim Grube、George Sherman和杨旭。</blockquote></p><p>The Company also shared updates that include:</p><p><blockquote>该公司还分享了更新，其中包括：</blockquote></p><p><ul><li>Following the Annual Meeting, the Board intends to elect Mr. Cohen as Chairman;</li><li>Following the Annual Meeting, all directors will be compensated 100% in equity;</li><li>Following the Annual Meeting, individual director compensation will be reduced approximately 28% from the prior year, and</li><li>Effective immediately, the Board has appointed Mr. Grube to serve on the Strategic Planning and Capital Allocation Committee.</li></ul><b>New Director Candidate Biographies</b></p><p><blockquote><ul><li>年会结束后，董事会打算选举科恩先生为主席；</li><li>年会结束后，所有董事将获得100%的股权报酬；</li><li>年会后，个别董事薪酬将较上年减少约28%，并</li><li>董事会已任命Grube先生为战略规划和资本分配委员会成员，立即生效。</li></ul><b>新任董事候选人履历</b></blockquote></p><p><b>Larry Cheng</b>is Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners. He presently leads the Internet and Consumer team at Volition, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. He received his bachelor's degree from Harvard College where he concentrated in Psychology.</p><p><blockquote><b>郑志刚</b>是Volition Capital的联合创始人和管理合伙人，Volition Capital是一家领先的成长型股权投资公司，总部位于马萨诸塞州波士顿，也是Chewy的第一位投资者。他在Volition Capital、Fidelity Ventures、Battery Ventures和Bessemer Venture Partners拥有二十多年的风险投资和成长型股权投资经验。他目前领导Volition的互联网和消费者团队，专注于电子商务、互联网服务、消费品牌、数字媒体和游戏领域的颠覆性公司。他在哈佛学院获得学士学位，主修心理学。</blockquote></p><p><b>Yang Xu</b>is Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare. She has a bachelor’s degree in Finance from Wuhan University, a master’s degree in management from the HEC School of Management and a master’s in business administration from the London Business School.</p><p><blockquote><b>杨旭</b>是卡夫亨氏公司全球财务和财务高级副总裁。她在美国、亚洲和欧洲的资本市场、金融、战略规划、交易和业务运营方面拥有20多年的丰富经验。在加入卡夫亨氏公司之前，她曾在惠而浦公司和通用电气医疗保健公司任职。彼持有武汉大学金融学学士学位、香港高等商学院管理学硕士学位及伦敦商学院工商管理硕士学位。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159058316","content_text":"GameStop shares rose 3% in pre-market,which Intends To Elect Ryan Cohen As Chairman.GRAPEVINE, Texas, April 08, 2021, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.The Company also shared updates that include:Following the Annual Meeting, the Board intends to elect Mr. Cohen as Chairman;Following the Annual Meeting, all directors will be compensated 100% in equity;Following the Annual Meeting, individual director compensation will be reduced approximately 28% from the prior year, andEffective immediately, the Board has appointed Mr. Grube to serve on the Strategic Planning and Capital Allocation Committee.New Director Candidate BiographiesLarry Chengis Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners. He presently leads the Internet and Consumer team at Volition, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. He received his bachelor's degree from Harvard College where he concentrated in Psychology.Yang Xuis Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare. She has a bachelor’s degree in Finance from Wuhan University, a master’s degree in management from the HEC School of Management and a master’s in business administration from the London Business School.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365970560,"gmtCreate":1614694143650,"gmtModify":1703479959099,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Looking forward to crash soon","listText":"Looking forward to crash soon","text":"Looking forward to crash soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/365970560","repostId":"1103406593","repostType":4,"isVote":1,"tweetType":1,"viewCount":642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378373636,"gmtCreate":1619006503825,"gmtModify":1634289286332,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment!Interested in this stock!!","listText":"Like and comment!Interested in this stock!!","text":"Like and comment!Interested in this stock!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/378373636","repostId":"2129829074","repostType":4,"isVote":1,"tweetType":1,"viewCount":1598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348924535,"gmtCreate":1617882469027,"gmtModify":1634295992292,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>looking good","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>looking good","text":"$Palantir Technologies Inc.(PLTR)$looking good","images":[{"img":"https://static.tigerbbs.com/a25f6d332497feaa60ba6cf3499e1843","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348924535","isVote":1,"tweetType":1,"viewCount":1789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341995813,"gmtCreate":1617768669632,"gmtModify":1634296615354,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341995813","repostId":"1177263079","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357175505,"gmtCreate":1617252366307,"gmtModify":1634521791042,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/357175505","repostId":"1153467447","repostType":4,"repost":{"id":"1153467447","kind":"news","pubTimestamp":1617241636,"share":"https://www.laohu8.com/m/news/1153467447?lang=zh_CN&edition=full","pubTime":"2021-04-01 09:47","market":"us","language":"en","title":"Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153467447","media":"Market Wacth","summary":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, th","content":"<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch早在11月份就报道了几款基础设施专用ETF，它们可能仍然是投资者投入资金的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供出色的回报。MarketWatch采访了CFRA共同基金和ETF研究主管Todd Rosenbluth，了解了一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>在概述该计划的新闻稿中，拜登政府写道，“宽带互联网是新的电力。美国人有必要做好自己的工作，平等参与学校学习、医疗保健和保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth建议选择Defiance Next Gen Connectivity ETFFIVG，+0.74%，其简洁的股票代码为FIVG。它持有的是“汤到坚果”的公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金，等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元资产，收取30个基点的管理费，成立约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是Pacer基准数据和基础设施房地产SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。然而，值得注意的是，SRVR由房地产投资信托基金组成，这对投资者的影响与普通股票不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>该提案指出：“拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我们国家儿童和有色人种社区的健康。”</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>Rosenbluth表示：“我认为这是一个不为人知的投资主题，但我惊喜地看到这只ETF有15亿美元。”该基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>Rosenbluth评级PHO在水务公司、机械公司、工业和材料公司中“极其多元化”，这些公司生产改善水基础设施、生命科学工具等设备。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时表示，像这样的ETF的一个额外好处是，它们“本质上往往是跨行业的。你围绕着投资主题，并参与到与该主题相关的更广泛的生态系统中。设备和服务。”</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易适应现有的传统投资组合设计。Rosenbluth表示：“这并不是工业部门ETF或跟踪公用事业的ETF的简单替代品。”“这是一只多种形式的ETF。尽管如此，它仍然可以成为现有投资组合的良好补充，特别是对于具有长期视野的投资者来说。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO的收费也比许多ETF高一点：50个基点。然而，它从2005年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如MarketWatch 3月中旬报道的那样，尽管此类支出在美国就业计划中占据显着地位，而且尽管油价CL.1, 0.63%持续上涨，但清洁能源ETF最近几周仍大幅下跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉MarketWatch，“这些确实是可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受青睐的清洁能源ETF在2020年大幅上涨后仍大幅下跌。例如，最大的ishares全球清洁能源ETFICLN(+3.45%)下跌近14%，而Invesco Solar ETFTAN(+2.80%)则下跌11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划发布后，该组织周三上涨，表明随着立法的推进，可能会有上行空间。其他需要考虑的基金可能是第一信托纳斯达克清洁边缘绿色能源指数基金QCLN，+4.16%，和ALPS清洁能源ETF.ACES，+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>这不是一个基础设施支出计划会立即大幅增长的行业，但如果材料和工人通过飞机、火车和汽车在全国范围内运输，交通运输将获得间接提振——而且它将成为道路、桥梁、机场等设施改善的受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth建议投资者考虑iShares TransportationIYT，-0.49%平均ETF（市场加权）或SPDR S&amp;P Transportation ETFXTN，-0.83%（等权重）。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>罗森布鲁斯指出：“这些基金似乎是后一周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是明显的受益者，而且投资是长期的。”</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成非常不同，投资者应该仔细研究这两只ETF的投资组合。例如，IYT的前三大持股是联邦快递公司FDX，-0.66%，占12%；诺福克南方公司NSC，-0.65%，占11%；堪萨斯城南方KSU，+1.65%，占投资组合的11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是XTN最大的持股，但仅占投资组合的3.2%。Avis Budget Group Inc.CAR,-3.28%排名第二，为2.9%，物流公司Expeditors International of Washington Inc.EXPD,+0.42%排名第三，为2.8%。</blockquote></p><p></p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-04-01 09:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch早在11月份就报道了几款基础设施专用ETF，它们可能仍然是投资者投入资金的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供出色的回报。MarketWatch采访了CFRA共同基金和ETF研究主管Todd Rosenbluth，了解了一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>在概述该计划的新闻稿中，拜登政府写道，“宽带互联网是新的电力。美国人有必要做好自己的工作，平等参与学校学习、医疗保健和保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth建议选择Defiance Next Gen Connectivity ETFFIVG，+0.74%，其简洁的股票代码为FIVG。它持有的是“汤到坚果”的公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金，等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元资产，收取30个基点的管理费，成立约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是Pacer基准数据和基础设施房地产SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。然而，值得注意的是，SRVR由房地产投资信托基金组成，这对投资者的影响与普通股票不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>该提案指出：“拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我们国家儿童和有色人种社区的健康。”</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>Rosenbluth表示：“我认为这是一个不为人知的投资主题，但我惊喜地看到这只ETF有15亿美元。”该基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>Rosenbluth评级PHO在水务公司、机械公司、工业和材料公司中“极其多元化”，这些公司生产改善水基础设施、生命科学工具等设备。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时表示，像这样的ETF的一个额外好处是，它们“本质上往往是跨行业的。你围绕着投资主题，并参与到与该主题相关的更广泛的生态系统中。设备和服务。”</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易适应现有的传统投资组合设计。Rosenbluth表示：“这并不是工业部门ETF或跟踪公用事业的ETF的简单替代品。”“这是一只多种形式的ETF。尽管如此，它仍然可以成为现有投资组合的良好补充，特别是对于具有长期视野的投资者来说。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO的收费也比许多ETF高一点：50个基点。然而，它从2005年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如MarketWatch 3月中旬报道的那样，尽管此类支出在美国就业计划中占据显着地位，而且尽管油价CL.1, 0.63%持续上涨，但清洁能源ETF最近几周仍大幅下跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉MarketWatch，“这些确实是可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受青睐的清洁能源ETF在2020年大幅上涨后仍大幅下跌。例如，最大的ishares全球清洁能源ETFICLN(+3.45%)下跌近14%，而Invesco Solar ETFTAN(+2.80%)则下跌11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划发布后，该组织周三上涨，表明随着立法的推进，可能会有上行空间。其他需要考虑的基金可能是第一信托纳斯达克清洁边缘绿色能源指数基金QCLN，+4.16%，和ALPS清洁能源ETF.ACES，+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>这不是一个基础设施支出计划会立即大幅增长的行业，但如果材料和工人通过飞机、火车和汽车在全国范围内运输，交通运输将获得间接提振——而且它将成为道路、桥梁、机场等设施改善的受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth建议投资者考虑iShares TransportationIYT，-0.49%平均ETF（市场加权）或SPDR S&amp;P Transportation ETFXTN，-0.83%（等权重）。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>罗森布鲁斯指出：“这些基金似乎是后一周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是明显的受益者，而且投资是长期的。”</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成非常不同，投资者应该仔细研究这两只ETF的投资组合。例如，IYT的前三大持股是联邦快递公司FDX，-0.66%，占12%；诺福克南方公司NSC，-0.65%，占11%；堪萨斯城南方KSU，+1.65%，占投资组合的11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是XTN最大的持股，但仅占投资组合的3.2%。Avis Budget Group Inc.CAR,-3.28%排名第二，为2.9%，物流公司Expeditors International of Washington Inc.EXPD,+0.42%排名第三，为2.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page\">Market Wacth</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":{"IYT":"运输指数ETF-iShares","PHO":"水资源ETF-PowerShares","FIVG":"Defiance Next Gen Connectivity ETF","XTN":"SPDR S&P Transportation ETF","TAN":"太阳能ETF-Guggenheim","QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund","ICLN":"iShares S&P Global Clean Energy","SRVR":"PACER DATA & INFRASTRUCTURE REAL ESTATE ETF","ACES":"ALPS Clean Energy ETF"},"source_url":"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153467447","content_text":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.BroadbandIn a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.Another option, the Pacer Benchmark Data & Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.Water“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.Clean energyAs MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%TransportationIt’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&P Transportation ETFXTN,-0.83%,which is equal-weighted.“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.","news_type":1,"symbols_score_info":{"TAN":0.9,"FIVG":0.9,"PHO":0.9,"ACES":0.9,"QCLN":0.9,"IYT":0.9,"ICLN":0.9,"XTN":0.9,"SRVR":0.9}},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328646329,"gmtCreate":1615524369861,"gmtModify":1703490416838,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328646329","repostId":"1144029837","repostType":4,"repost":{"id":"1144029837","kind":"news","pubTimestamp":1615513990,"share":"https://www.laohu8.com/m/news/1144029837?lang=zh_CN&edition=full","pubTime":"2021-03-12 09:53","market":"sg","language":"en","title":"The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144029837","media":"Nasdaq","summary":"The stock market has been going through a lot of volatility lately, and theNasdaq Composite(NASDAQIN","content":"<p>The stock market has been going through a lot of volatility lately, and the<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.</p><p><blockquote>股市最近经历了很大的波动，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）发现自己处于劣势。然而周四，纳斯达克又坚持了下来。事实上，截至下午1:45美国东部时间今天，成长型股票基准涨幅超过2.5%，引领市场其他股票走高。</blockquote></p><p>A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of<b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>(NASDAQ: MELI),<b>Okta</b>(NASDAQ: OKTA), and<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.</p><p><blockquote>最近几周，许多知名成长型股票受到了很大的惩罚，因为投资者对许多有前途的公司的前景遭遇了信心危机。然而，周四，情况似乎有所好转。特别是，<b><a href=\"https://laohu8.com/S/MELI\">自由市场</a></b>（纳斯达克：MELI），<b>奥克塔</b>（纳斯达克：OKTA），以及<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>（纳斯达克：PYPL）的涨幅超过了纳斯达克，并计划从二月底和本月初的挫折中全面反弹。</blockquote></p><p><b>MercadoLibre's back in business</b></p><p><blockquote><b>MercadoLibre重新开业</b></blockquote></p><p>Less than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.</p><p><blockquote>不到一周前，MercadoLibre的股价较今年早些时候的高点下跌了30%。然而，它们已经大幅反弹，今天近10%的涨幅有助于收复失地。</blockquote></p><p>The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.</p><p><blockquote>周四，这位拉丁美洲电子商务专家获得了BTIG分析师的信任票。他们将该股评级从中性上调至买入，并将目标价定为每股1720美元。即使在今天下午较高的价格水平上，这也为MercadoLibre提供了10%的额外上涨空间。</blockquote></p><p>BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.</p><p><blockquote>BTIG喜欢MercadoLibre一直遵循的战略，特别是考虑到它能够在其核心电子商务市场中添加辅助服务的方式。Mercado Pago支付网络本身就大受欢迎，它从MercadoLibre生态系统之外产生了大量流量。该公司似乎也正在从巴西主要市场的其他参与者那里获得整体市场份额。</blockquote></p><p><b>Investors might like Okta's big buy after all</b></p><p><blockquote><b>毕竟投资者可能会喜欢Okta的大举买入</b></blockquote></p><p>Shares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.</p><p><blockquote>Okta股价上涨8%，继续上涨，使这家网络身份专家的股价较近期低点上涨约20%。该股下跌了30%，但从根本上说，Okta看起来做得很好。</blockquote></p><p>The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.</p><p><blockquote>该公司在上周公布第四季度财务业绩时最初下跌。尽管该期间收入同比增长40%且利润不大，但投资者不确定如何接受暗示收入增长放缓和可能亏损的指引。</blockquote></p><p>Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.</p><p><blockquote>Sokta以65亿美元收购专注于客户身份管理的私营Auth0也引发了一些问题。这是一个增长领域，有人说Auth0产品实际上比Okta的竞争产品有一些优势，这使得收购对Okta来说是双赢的。然而，当市场对成长型股票失去信心时，这似乎是一次不合时宜的尝试。</blockquote></p><p>It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.</p><p><blockquote>不过，很明显，Okta不会缺少寻求身份验证服务的客户。这种意识再次提振了该股，从长远来看，它可能有助于为Okta建立更多动力。</blockquote></p><p><b>Paying the piper</b></p><p><blockquote><b>付钱给风笛手</b></blockquote></p><p>Lastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.</p><p><blockquote>最后，PayPal控股股价上涨约5%。这家支付网络专家遭受了25%的打击，但通过一系列战略举措，其业绩正在上升。</blockquote></p><p>First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.</p><p><blockquote>首先，PayPal最近敲定了收购加密货币安全公司Curv的协议。自去年年底开始通过其应用程序提供精选代币以来，加密货币一直是PayPal的一项大业务。随着加密货币价格回到创纪录水平附近，投资者对PayPal在该领域保持有效竞争的潜力感到兴奋。</blockquote></p><p>Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.</p><p><blockquote>与此同时，PayPal还努力允许客户使用短期分期付款计划进行购买，将购买价格分为四次付款。PayPal在4service中的薪资并不是唯一的<a href=\"https://laohu8.com/S/AONE.U\">一</a>在业务中，但它代表了公司进入该领域的竞争力。所有这些因素加在一起，让人们再次对PayPal感到良好。</blockquote></p><p><b>Ride the wave</b></p><p><blockquote><b>乘风破浪</b></blockquote></p><p>Volatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.</p><p><blockquote>波动很难忍受，但在低点卖出很少奏效。PayPal、Okta和MercadoLibre最近的上涨表明，强大的企业可以从逆境中反弹，并奖励坚持到底的股东。</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>The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</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 Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-12 09:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market has been going through a lot of volatility lately, and the<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.</p><p><blockquote>股市最近经历了很大的波动，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）发现自己处于劣势。然而周四，纳斯达克又坚持了下来。事实上，截至下午1:45美国东部时间今天，成长型股票基准涨幅超过2.5%，引领市场其他股票走高。</blockquote></p><p>A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of<b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>(NASDAQ: MELI),<b>Okta</b>(NASDAQ: OKTA), and<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.</p><p><blockquote>最近几周，许多知名成长型股票受到了很大的惩罚，因为投资者对许多有前途的公司的前景遭遇了信心危机。然而，周四，情况似乎有所好转。特别是，<b><a href=\"https://laohu8.com/S/MELI\">自由市场</a></b>（纳斯达克：MELI），<b>奥克塔</b>（纳斯达克：OKTA），以及<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>（纳斯达克：PYPL）的涨幅超过了纳斯达克，并计划从二月底和本月初的挫折中全面反弹。</blockquote></p><p><b>MercadoLibre's back in business</b></p><p><blockquote><b>MercadoLibre重新开业</b></blockquote></p><p>Less than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.</p><p><blockquote>不到一周前，MercadoLibre的股价较今年早些时候的高点下跌了30%。然而，它们已经大幅反弹，今天近10%的涨幅有助于收复失地。</blockquote></p><p>The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.</p><p><blockquote>周四，这位拉丁美洲电子商务专家获得了BTIG分析师的信任票。他们将该股评级从中性上调至买入，并将目标价定为每股1720美元。即使在今天下午较高的价格水平上，这也为MercadoLibre提供了10%的额外上涨空间。</blockquote></p><p>BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.</p><p><blockquote>BTIG喜欢MercadoLibre一直遵循的战略，特别是考虑到它能够在其核心电子商务市场中添加辅助服务的方式。Mercado Pago支付网络本身就大受欢迎，它从MercadoLibre生态系统之外产生了大量流量。该公司似乎也正在从巴西主要市场的其他参与者那里获得整体市场份额。</blockquote></p><p><b>Investors might like Okta's big buy after all</b></p><p><blockquote><b>毕竟投资者可能会喜欢Okta的大举买入</b></blockquote></p><p>Shares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.</p><p><blockquote>Okta股价上涨8%，继续上涨，使这家网络身份专家的股价较近期低点上涨约20%。该股下跌了30%，但从根本上说，Okta看起来做得很好。</blockquote></p><p>The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.</p><p><blockquote>该公司在上周公布第四季度财务业绩时最初下跌。尽管该期间收入同比增长40%且利润不大，但投资者不确定如何接受暗示收入增长放缓和可能亏损的指引。</blockquote></p><p>Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.</p><p><blockquote>Sokta以65亿美元收购专注于客户身份管理的私营Auth0也引发了一些问题。这是一个增长领域，有人说Auth0产品实际上比Okta的竞争产品有一些优势，这使得收购对Okta来说是双赢的。然而，当市场对成长型股票失去信心时，这似乎是一次不合时宜的尝试。</blockquote></p><p>It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.</p><p><blockquote>不过，很明显，Okta不会缺少寻求身份验证服务的客户。这种意识再次提振了该股，从长远来看，它可能有助于为Okta建立更多动力。</blockquote></p><p><b>Paying the piper</b></p><p><blockquote><b>付钱给风笛手</b></blockquote></p><p>Lastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.</p><p><blockquote>最后，PayPal控股股价上涨约5%。这家支付网络专家遭受了25%的打击，但通过一系列战略举措，其业绩正在上升。</blockquote></p><p>First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.</p><p><blockquote>首先，PayPal最近敲定了收购加密货币安全公司Curv的协议。自去年年底开始通过其应用程序提供精选代币以来，加密货币一直是PayPal的一项大业务。随着加密货币价格回到创纪录水平附近，投资者对PayPal在该领域保持有效竞争的潜力感到兴奋。</blockquote></p><p>Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.</p><p><blockquote>与此同时，PayPal还努力允许客户使用短期分期付款计划进行购买，将购买价格分为四次付款。PayPal在4service中的薪资并不是唯一的<a href=\"https://laohu8.com/S/AONE.U\">一</a>在业务中，但它代表了公司进入该领域的竞争力。所有这些因素加在一起，让人们再次对PayPal感到良好。</blockquote></p><p><b>Ride the wave</b></p><p><blockquote><b>乘风破浪</b></blockquote></p><p>Volatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.</p><p><blockquote>波动很难忍受，但在低点卖出很少奏效。PayPal、Okta和MercadoLibre最近的上涨表明，强大的企业可以从逆境中反弹，并奖励坚持到底的股东。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/the-nasdaqs-back-and-these-3-stocks-are-flying-high-again-2021-03-11\">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":{"MELI":"MercadoLibre","PYPL":"PayPal","OKTA":"Okta Inc."},"source_url":"https://www.nasdaq.com/articles/the-nasdaqs-back-and-these-3-stocks-are-flying-high-again-2021-03-11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144029837","content_text":"The stock market has been going through a lot of volatility lately, and theNasdaq Composite(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares ofMercadoLibre(NASDAQ: MELI),Okta(NASDAQ: OKTA), andPayPal Holdings(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.MercadoLibre's back in businessLess than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.Investors might like Okta's big buy after allShares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.Paying the piperLastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only one in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.Ride the waveVolatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.","news_type":1,"symbols_score_info":{"PYPL":0.9,"OKTA":0.9,"MELI":0.9}},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110563622,"gmtCreate":1622469634666,"gmtModify":1634101255312,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/110563622","repostId":"2139430866","repostType":4,"isVote":1,"tweetType":1,"viewCount":1397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328642242,"gmtCreate":1615524424786,"gmtModify":1703490419253,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>waiting..","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>waiting..","text":"$ARK Innovation ETF(ARKK)$waiting..","images":[{"img":"https://static.tigerbbs.com/cbc082eaa418f20018b38fdf06bebbad","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328642242","isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":840324454,"gmtCreate":1635594104428,"gmtModify":1635594104428,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>great","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>great","text":"$ARK Innovation ETF(ARKK)$great","images":[{"img":"https://static.tigerbbs.com/2c2a91600c678412e598555a7d24843f","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/840324454","isVote":1,"tweetType":1,"viewCount":2567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":367135803,"gmtCreate":1614918737802,"gmtModify":1703482972266,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Like and comment![开心]&nbsp;","listText":"Like and comment![开心]&nbsp;","text":"Like and comment![开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367135803","repostId":"1112359794","repostType":4,"repost":{"id":"1112359794","kind":"news","pubTimestamp":1614911874,"share":"https://www.laohu8.com/m/news/1112359794?lang=zh_CN&edition=full","pubTime":"2021-03-05 10:37","market":"us","language":"en","title":"A Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112359794","media":"Nasdaq","summary":"The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — ","content":"<p>The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. </p><p><blockquote>伯克希尔哈撒韦公司的年度信函一如既往地由现年90岁的首席执行官沃伦·巴菲特撰写，于上周末发布。</blockquote></p><p>Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.</p><p><blockquote>阅读伯克希尔的信，寻找巴菲特的名言和见解的复活节彩蛋，已经成为金融界许多人的年度传统。分析师、基金经理、记者和各类投资者往往会在报告发布的周末阅读，即使他们不持有股票。</blockquote></p><p>Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available&nbsp;here.</p><p><blockquote>你的编辑就是这样一位读者：虽然从来不是股东，但我们已经仔细阅读巴菲特的信件近20年了。我们也有所有的旧信件存档，可以追溯到我们出生之前很久。在我们看来，最好的一封是涵盖1965年的巴菲特合伙信，可以在这里找到。</blockquote></p><p>The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.</p><p><blockquote>与过去几年相比，2021年的信感觉忧郁而克制。考虑到美国和世界在2020年不得不经历的事情，这是有道理的。</blockquote></p><p>Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:</p><p><blockquote>尽管如此，就悲观和黑暗警告而言——这与巴菲特的正常情况相去甚远——这段关于固定收益投资者“黯淡未来”的文章还是很突出：</blockquote></p><p><i>[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.</i></p><p><blockquote><i>现在不是去onds的地方。你能相信最近10年期美国国债的收益（年底收益率为0.93%）比1981年9月的15.8%下降了94%吗？在某些大国和重要国家，如德国和日本，投资者从数万亿美元的主权债务中获得了负回报。全球固定收益投资者——无论是养老基金、保险公司还是退休人员——都面临着黯淡的未来。</i></blockquote></p><p>Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.</p><p><blockquote>根据巴菲特的计算，从1981年9月到2020年底的近四十年时间里，10年期国债的收益率下降了94%。</blockquote></p><p>In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.</p><p><blockquote>关于收益率下降，Semper Augustus总裁兼首席投资官Chris Bloomstran提供了另一个引人注目的统计数据：截至2月27日，美国30年期国债价格在三个月内下跌了16%以上——这一跌幅抹去了整整10年的息票支付。同样根据Bloomstran的说法，10年期债券在此期间放弃了7年的息票。</blockquote></p><p>Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.</p><p><blockquote>想象一下，削减整整十年的政府债券息票，然后在短短12周的时间里，损失了相当于所有付款甚至更多的本金。现在想象一下，努力成为一名政府债券投资者。</blockquote></p><p>For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.</p><p><blockquote>对于长期美国国债持有者来说，痛苦正在增加，因为在疫苗乐观情绪、被压抑的需求和财政刺激海啸的推动下，美国经济正在通货再膨胀。疯狂的经济增长即将到来，随之而来的是通货膨胀。</blockquote></p><p>If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.</p><p><blockquote>如果你原谅这种廉价的押韵，利率“更长时间地降低”的口号现在看起来“越来越错误”。根据Bespoke Investment Group的数据，美林10年期以上国债指数2021年的抛售已经产生了自1988年有记录以来第三差的百分比——而且这一年还很年轻。</blockquote></p><p>Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.</p><p><blockquote>然后，巴菲特回顾1981年，近40年来收益率下降了94%，这也清醒地提醒人们钟摆已经摆了多远。下图来自FRED，显示了10年期国债收益率从1980年到今天的40年历程。</blockquote></p><p>It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”</p><p><blockquote>很难比10年期国债收益率更能生动地说明雷·达里奥·评级的“长期债务周期”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36263398704c16a502896748461035c5\" tg-width=\"808\" tg-height=\"566\" referrerpolicy=\"no-referrer\">The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.</p><p><blockquote>长期债务周期是一种周期性模式，即使债务和杠杆水平上升，利率和通胀压力也往往会下降，持续数十年。</blockquote></p><p>At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.</p><p><blockquote>在1981年开始的长期债务周期之初，通货膨胀率极高，而债务和杠杆水平却很低。</blockquote></p><p>Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.</p><p><blockquote>利率在1981年达到顶峰，因为那一年美联储主席保罗·沃尔克最终以投资者可以承认的方式“打破了通胀的后盾”。</blockquote></p><p>Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.</p><p><blockquote>沃尔克通过多年痛苦的高利率消除通货膨胀的努力是清理债务和杠杆的一部分。20世纪80年代初，美国经历了不止一次，而是两次衰退，相隔约14个月，因为借贷价格飙升。</blockquote></p><p>But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.</p><p><blockquote>但沃尔克成功的反通胀运动，加上低债务和杠杆水平，正是让新的长期债务周期开始的原因。</blockquote></p><p>The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.<img src=\"https://static.tigerbbs.com/078f1f48bf80854f84c01fc648e7b5f4\" tg-width=\"809\" tg-height=\"563\" referrerpolicy=\"no-referrer\">The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.</p><p><blockquote>如下图所示，1980年以来债务与GDP之比的增加是10年期国债收益率下降的倒影。这是因为，在标准的长期债务周期中，债务水平会随着通货膨胀和借贷成本的下降而上升。巴菲特警告固定收益投资者的“黯淡未来”与长期债务周期达到最远点时会发生什么有关。</blockquote></p><p></p><p>Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.</p><p><blockquote>想象一个巨大的、缓慢移动的钟摆，在40多年的时间里朝着同一个方向摆动。在整个时间窗口内，债券收益率和通胀压力都在下降，尽管债务和杠杆水平在上升。</blockquote></p><p>Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.</p><p><blockquote>一旦钟摆开始向另一个方向摆动，就会出现几十年相反方向的趋势。收益率不是连续几十年下降，而是连续几十年上升（这意味着债券价格下跌）；随着时间的推移，债务和杠杆率占产出的百分比并没有上升到越来越高的水平，而是有一个远不那么令人愉快的几十年时期，债务和杠杆水平在产出中的百分比随着时间的推移被削减（或膨胀），回落到之前的极端水平。</blockquote></p><p>Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.</p><p><blockquote>然后，一旦钟摆一直摆回来，它就会再次向前摆动，这是一种高利率与低利率、低债务水平与高债务水平之间的永久振荡。因为一个国家的经济是不朽的——假设这个国家继续存在——这些建立和倒退的代际模式可以无限重复。</blockquote></p><p>What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.</p><p><blockquote>大多数投资者尚未意识到的是，他们在市场上的整个个人经历——可以追溯到1981年——都是为了长期债务周期中令人愉快的一半。</blockquote></p><p>All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.</p><p><blockquote>他们凭直觉所知道的——除非他们是20世纪70年代的活跃市场参与者——就是利率从左到右的钟摆摆动，债务和杠杆不断上升。</blockquote></p><p>Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.</p><p><blockquote>巴菲特对固定收益投资者的警告提醒我们，我们正走向长期债务周期中不太愉快的一半——在这一时期，利率不断上升，然后进一步上升，因为政府、企业和消费者要么积极减少债务负担，要么看到这些债务的价值膨胀。</blockquote></p><p>Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).</p><p><blockquote>此外，通货膨胀也是这一过程的一部分，因为债务调整几乎总是更多地通过通货膨胀而不是严格的勒紧裤腰带进行：通过印刷机减轻债务负担更容易，印刷机降低了债务与债务的百分比-随着时间的推移产出。这种趋势也解释了为什么在未来一二十年（或三年或四年）内，通胀可能会再次飙升，利率也会随之上升。</blockquote></p><p>Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.<img src=\"https://static.tigerbbs.com/e31778f96af4d69be42e3fed9c5d32a1\" tg-width=\"809\" tg-height=\"564\" referrerpolicy=\"no-referrer\">The bottom line is that very few investors are ready for the world that is coming.</p><p><blockquote>只是为了好玩，我们拿了10年期收益率图表并水平翻转图像（下图），以创建一个视觉画面，如果长期债务周期完美回撤，未来40年可能会是什么样子。当然，事情从来没有那么简单，但作为一种心理练习，尝试想象利率遵循如下所示的路径是值得的。底线是，很少有投资者为即将到来的世界做好准备。</blockquote></p><p>With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.</p><p><blockquote>随着美国为未来一年类似新兴市场的增长水平做准备，“长期走低”变得“越来越错误”——美联储表示，至少就目前而言，长期收益率的上升是可以接受的——股市脆弱领域的混乱可能才刚刚开始。</blockquote></p><p><i>Originally by Beverly Becker for TradeSmith.com</i>.</p><p><blockquote><i>最初由Beverly Becker为TradeSmith.com撰写</i>.</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-05 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. </p><p><blockquote>伯克希尔哈撒韦公司的年度信函一如既往地由现年90岁的首席执行官沃伦·巴菲特撰写，于上周末发布。</blockquote></p><p>Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.</p><p><blockquote>阅读伯克希尔的信，寻找巴菲特的名言和见解的复活节彩蛋，已经成为金融界许多人的年度传统。分析师、基金经理、记者和各类投资者往往会在报告发布的周末阅读，即使他们不持有股票。</blockquote></p><p>Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available&nbsp;here.</p><p><blockquote>你的编辑就是这样一位读者：虽然从来不是股东，但我们已经仔细阅读巴菲特的信件近20年了。我们也有所有的旧信件存档，可以追溯到我们出生之前很久。在我们看来，最好的一封是涵盖1965年的巴菲特合伙信，可以在这里找到。</blockquote></p><p>The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.</p><p><blockquote>与过去几年相比，2021年的信感觉忧郁而克制。考虑到美国和世界在2020年不得不经历的事情，这是有道理的。</blockquote></p><p>Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:</p><p><blockquote>尽管如此，就悲观和黑暗警告而言——这与巴菲特的正常情况相去甚远——这段关于固定收益投资者“黯淡未来”的文章还是很突出：</blockquote></p><p><i>[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.</i></p><p><blockquote><i>现在不是去onds的地方。你能相信最近10年期美国国债的收益（年底收益率为0.93%）比1981年9月的15.8%下降了94%吗？在某些大国和重要国家，如德国和日本，投资者从数万亿美元的主权债务中获得了负回报。全球固定收益投资者——无论是养老基金、保险公司还是退休人员——都面临着黯淡的未来。</i></blockquote></p><p>Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.</p><p><blockquote>根据巴菲特的计算，从1981年9月到2020年底的近四十年时间里，10年期国债的收益率下降了94%。</blockquote></p><p>In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.</p><p><blockquote>关于收益率下降，Semper Augustus总裁兼首席投资官Chris Bloomstran提供了另一个引人注目的统计数据：截至2月27日，美国30年期国债价格在三个月内下跌了16%以上——这一跌幅抹去了整整10年的息票支付。同样根据Bloomstran的说法，10年期债券在此期间放弃了7年的息票。</blockquote></p><p>Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.</p><p><blockquote>想象一下，削减整整十年的政府债券息票，然后在短短12周的时间里，损失了相当于所有付款甚至更多的本金。现在想象一下，努力成为一名政府债券投资者。</blockquote></p><p>For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.</p><p><blockquote>对于长期美国国债持有者来说，痛苦正在增加，因为在疫苗乐观情绪、被压抑的需求和财政刺激海啸的推动下，美国经济正在通货再膨胀。疯狂的经济增长即将到来，随之而来的是通货膨胀。</blockquote></p><p>If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.</p><p><blockquote>如果你原谅这种廉价的押韵，利率“更长时间地降低”的口号现在看起来“越来越错误”。根据Bespoke Investment Group的数据，美林10年期以上国债指数2021年的抛售已经产生了自1988年有记录以来第三差的百分比——而且这一年还很年轻。</blockquote></p><p>Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.</p><p><blockquote>然后，巴菲特回顾1981年，近40年来收益率下降了94%，这也清醒地提醒人们钟摆已经摆了多远。下图来自FRED，显示了10年期国债收益率从1980年到今天的40年历程。</blockquote></p><p>It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”</p><p><blockquote>很难比10年期国债收益率更能生动地说明雷·达里奥·评级的“长期债务周期”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36263398704c16a502896748461035c5\" tg-width=\"808\" tg-height=\"566\" referrerpolicy=\"no-referrer\">The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.</p><p><blockquote>长期债务周期是一种周期性模式，即使债务和杠杆水平上升，利率和通胀压力也往往会下降，持续数十年。</blockquote></p><p>At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.</p><p><blockquote>在1981年开始的长期债务周期之初，通货膨胀率极高，而债务和杠杆水平却很低。</blockquote></p><p>Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.</p><p><blockquote>利率在1981年达到顶峰，因为那一年美联储主席保罗·沃尔克最终以投资者可以承认的方式“打破了通胀的后盾”。</blockquote></p><p>Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.</p><p><blockquote>沃尔克通过多年痛苦的高利率消除通货膨胀的努力是清理债务和杠杆的一部分。20世纪80年代初，美国经历了不止一次，而是两次衰退，相隔约14个月，因为借贷价格飙升。</blockquote></p><p>But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.</p><p><blockquote>但沃尔克成功的反通胀运动，加上低债务和杠杆水平，正是让新的长期债务周期开始的原因。</blockquote></p><p>The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.<img src=\"https://static.tigerbbs.com/078f1f48bf80854f84c01fc648e7b5f4\" tg-width=\"809\" tg-height=\"563\" referrerpolicy=\"no-referrer\">The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.</p><p><blockquote>如下图所示，1980年以来债务与GDP之比的增加是10年期国债收益率下降的倒影。这是因为，在标准的长期债务周期中，债务水平会随着通货膨胀和借贷成本的下降而上升。巴菲特警告固定收益投资者的“黯淡未来”与长期债务周期达到最远点时会发生什么有关。</blockquote></p><p></p><p>Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.</p><p><blockquote>想象一个巨大的、缓慢移动的钟摆，在40多年的时间里朝着同一个方向摆动。在整个时间窗口内，债券收益率和通胀压力都在下降，尽管债务和杠杆水平在上升。</blockquote></p><p>Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.</p><p><blockquote>一旦钟摆开始向另一个方向摆动，就会出现几十年相反方向的趋势。收益率不是连续几十年下降，而是连续几十年上升（这意味着债券价格下跌）；随着时间的推移，债务和杠杆率占产出的百分比并没有上升到越来越高的水平，而是有一个远不那么令人愉快的几十年时期，债务和杠杆水平在产出中的百分比随着时间的推移被削减（或膨胀），回落到之前的极端水平。</blockquote></p><p>Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.</p><p><blockquote>然后，一旦钟摆一直摆回来，它就会再次向前摆动，这是一种高利率与低利率、低债务水平与高债务水平之间的永久振荡。因为一个国家的经济是不朽的——假设这个国家继续存在——这些建立和倒退的代际模式可以无限重复。</blockquote></p><p>What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.</p><p><blockquote>大多数投资者尚未意识到的是，他们在市场上的整个个人经历——可以追溯到1981年——都是为了长期债务周期中令人愉快的一半。</blockquote></p><p>All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.</p><p><blockquote>他们凭直觉所知道的——除非他们是20世纪70年代的活跃市场参与者——就是利率从左到右的钟摆摆动，债务和杠杆不断上升。</blockquote></p><p>Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.</p><p><blockquote>巴菲特对固定收益投资者的警告提醒我们，我们正走向长期债务周期中不太愉快的一半——在这一时期，利率不断上升，然后进一步上升，因为政府、企业和消费者要么积极减少债务负担，要么看到这些债务的价值膨胀。</blockquote></p><p>Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).</p><p><blockquote>此外，通货膨胀也是这一过程的一部分，因为债务调整几乎总是更多地通过通货膨胀而不是严格的勒紧裤腰带进行：通过印刷机减轻债务负担更容易，印刷机降低了债务与债务的百分比-随着时间的推移产出。这种趋势也解释了为什么在未来一二十年（或三年或四年）内，通胀可能会再次飙升，利率也会随之上升。</blockquote></p><p>Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.<img src=\"https://static.tigerbbs.com/e31778f96af4d69be42e3fed9c5d32a1\" tg-width=\"809\" tg-height=\"564\" referrerpolicy=\"no-referrer\">The bottom line is that very few investors are ready for the world that is coming.</p><p><blockquote>只是为了好玩，我们拿了10年期收益率图表并水平翻转图像（下图），以创建一个视觉画面，如果长期债务周期完美回撤，未来40年可能会是什么样子。当然，事情从来没有那么简单，但作为一种心理练习，尝试想象利率遵循如下所示的路径是值得的。底线是，很少有投资者为即将到来的世界做好准备。</blockquote></p><p>With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.</p><p><blockquote>随着美国为未来一年类似新兴市场的增长水平做准备，“长期走低”变得“越来越错误”——美联储表示，至少就目前而言，长期收益率的上升是可以接受的——股市脆弱领域的混乱可能才刚刚开始。</blockquote></p><p><i>Originally by Beverly Becker for TradeSmith.com</i>.</p><p><blockquote><i>最初由Beverly Becker为TradeSmith.com撰写</i>.</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/a-warning-from-warren-buffett%3A-were-a-long-way-from-1981-2021-03-04\">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/a-warning-from-warren-buffett%3A-were-a-long-way-from-1981-2021-03-04","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112359794","content_text":"The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available here.The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.The bottom line is that very few investors are ready for the world that is coming.With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.Originally by Beverly Becker for TradeSmith.com.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":344180491,"gmtCreate":1618387685213,"gmtModify":1634293310270,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Nice looking forward!!","listText":"Nice looking forward!!","text":"Nice looking forward!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344180491","repostId":"1140319269","repostType":4,"isVote":1,"tweetType":1,"viewCount":1880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345523349,"gmtCreate":1618324621781,"gmtModify":1634293700200,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Yes of course","listText":"Yes of course","text":"Yes of course","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345523349","repostId":"1130111087","repostType":4,"repost":{"id":"1130111087","kind":"news","pubTimestamp":1618323084,"share":"https://www.laohu8.com/m/news/1130111087?lang=zh_CN&edition=full","pubTime":"2021-04-13 22:11","market":"us","language":"en","title":"Will Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130111087","media":"Barron's","summary":"Tesla’s stock may still have some juice left in it after all.Tesla stock (ticker: TSLA) has understa","content":"<p>Tesla’s&nbsp;stock may still have some juice left in it after all.</p><p><blockquote>毕竟，特斯拉的股票可能还有一些活力。</blockquote></p><p>Tesla stock (ticker: TSLA) has understandably struggled in 2021 after a meteoric 410% rise over the past year, but the shares jumped higher on Monday afteran analyst assertedthat Tesla could be the nextApple(AAPL).</p><p><blockquote>特斯拉股票（股票代码：TSLA）在过去一年大幅上涨410%后，在2021年陷入困境，这是可以理解的，但在一位分析师断言特斯拉可能成为下一个苹果(AAPL)后，该股周一大幅走高。</blockquote></p><p>When it comes to attracting attention from investors, it’s hard to beat an assertion that likens one of the market’s hottest, most controversial stocks to one of the world’s most admired, innovative companies.</p><p><blockquote>当谈到吸引投资者的注意力时，很难击败将市场上最热门、最具争议的股票之一比作世界上最受尊敬的创新公司之一的断言。</blockquote></p><p>But rather than dismissing the Cannacord note as the Wall Street-equivalent of clickbait, investors should instead focus on how the stock behaved in reaction to the assertion: Tesla rose 3.7%, to $701.98, on heavy volume, on Monday, while the broad market was moribund, with theS&amp;P 500 indexfalling slightly.</p><p><blockquote>但投资者不应该将Cannacord的票据视为华尔街的点击诱饵，而应该关注该股对这一说法的反应：特斯拉周一成交量大涨3.7%，至701.98美元，而大盘则陷入停滞，标准普尔500指数小幅下跌。</blockquote></p><p>That reinforces the notion that Tesla’s legions of passionate investors are just looking for a reason to love the stock even more. The Cannacord analyst,Jonathan Dorsheimer, backed up his bold assertion by noting that Tesla is involved in more than just cars, just like Apple does more than just make iPhones.</p><p><blockquote>这强化了这样一种观念：特斯拉大批热情的投资者只是在寻找一个更加热爱该股的理由。Cannacord分析师Jonathan Dorsheimer支持了他的大胆断言，他指出，特斯拉涉足的不仅仅是汽车，就像苹果不仅仅是制造iPhone一样。</blockquote></p><p>The Apple-like spin is admittedly aggressive, and maybe even a bit aspirational, but such is the nature of Tesla. Investors either believe in the vision of Tesla’s chief executive, Elon Musk, or they don’t. So far, it has paid to be a believer, and the stock’s Monday rally suggests that Tesla’s investors are looking for new reasons to be evangelical.</p><p><blockquote>苹果式的旋转不可否认是侵略性的，甚至可能有点渴望，但这就是特斯拉的本质。投资者要么相信特斯拉首席执行官Elon Musk的愿景，要么不相信。到目前为止，成为一名信徒是值得的，该股周一的上涨表明特斯拉的投资者正在寻找新的理由成为福音派。</blockquote></p><p>The reason to believe could come as early as April 26, when Tesla is scheduled to reports first-quarter earnings after the market closes. Should the stock surge, investors can shout hallelujah. Should the stock stumble, look for a baptism by fire.</p><p><blockquote>相信的理由最早可能出现在4月26日，届时特斯拉计划在收盘后公布第一季度收益。如果股价飙升，投资者可以大喊哈利路亚。如果股票下跌，就寻找火的洗礼。</blockquote></p><p>With Tesla’s stock around $725, aggressive investors could consider buying Tesla’s April $735call optionsthat expire April 30 for $37.50.</p><p><blockquote>由于特斯拉股价约为725美元，激进的投资者可以考虑以37.50美元的价格购买特斯拉4月份735美元的看涨期权，该期权将于4月30日到期。</blockquote></p><p>If the stock is at $800, the call is worth $65. Should the stock be below the strike price at expiration, the trade fails, though the call could be adjusted within the options market to keep it alive.</p><p><blockquote>如果股价为800美元，则看涨期权价值65美元。如果股票在到期时低于执行价格，交易就会失败，尽管可以在期权市场内调整看涨期权以保持其活力。</blockquote></p><p>During the past 52 weeks, Tesla stock has ranged from $134.76 to $900.40. So far this year, the stock is up about 3%, compared with a gain of 10% for the S&amp;P 500.</p><p><blockquote>在过去52周内，特斯拉股价从134.76美元到900.40美元不等。今年到目前为止，该股已上涨约3%，而标普500的涨幅为10%。</blockquote></p><p>The last time we mentioned Tesla was in early April, just before the company reported first-quarter vehicle deliveries.</p><p><blockquote>我们上次提到特斯拉是在四月初，就在该公司公布第一季度汽车交付量之前。</blockquote></p><p>We then suggested that investors sell Tesla’s May $500 or May $550 put options to trade delivery data when the stock was around $661.75. So far, the trade has worked well. The May $500 puts are trading at $3.50, down from $11, and the May $550 puts are trading at $6.85, down from $20.</p><p><blockquote>然后我们建议投资者卖出特斯拉5月500美元或5月550美元看跌期权，以在该股661.75美元左右时交易交割数据。到目前为止，这项交易运作良好。5月份500美元的看跌期权交易价格为3.50美元，低于11美元；5月份550美元的看跌期权交易价格为6.85美元，低于20美元。</blockquote></p><p>Securing profits is largely a matter of discipline. Some investors will secure profits with gains of 70% on the puts, others will go for 90%. Still others will hold the puts until expiration because they are content acquiring the stock at the put strike price.</p><p><blockquote>确保利润在很大程度上是一个纪律问题。一些投资者将获得70%的看跌期权收益，另一些投资者将获得90%的收益。还有一些人将持有看跌期权直至到期，因为他们满足于以看跌期权执行价格收购股票。</blockquote></p><p>Regardless of which side of the options market appeals to you, Tesla’s earnings should be a key event, and the sell-side analysts are likely to have more salacious comments to make.</p><p><blockquote>无论期权市场的哪一方对您有吸引力，特斯拉的盈利都应该是一个关键事件，而卖方分析师可能会发表更淫秽的评论。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b504372ddc29af9073294012532cc819\" tg-width=\"659\" tg-height=\"564\"></p><p><blockquote></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>Will Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</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\">\nWill Tesla Be the Next Apple? Here’s How Investors Can Play It<blockquote>特斯拉会成为下一个苹果吗？投资者可以这样玩</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-04-13 22:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla’s&nbsp;stock may still have some juice left in it after all.</p><p><blockquote>毕竟，特斯拉的股票可能还有一些活力。</blockquote></p><p>Tesla stock (ticker: TSLA) has understandably struggled in 2021 after a meteoric 410% rise over the past year, but the shares jumped higher on Monday afteran analyst assertedthat Tesla could be the nextApple(AAPL).</p><p><blockquote>特斯拉股票（股票代码：TSLA）在过去一年大幅上涨410%后，在2021年陷入困境，这是可以理解的，但在一位分析师断言特斯拉可能成为下一个苹果(AAPL)后，该股周一大幅走高。</blockquote></p><p>When it comes to attracting attention from investors, it’s hard to beat an assertion that likens one of the market’s hottest, most controversial stocks to one of the world’s most admired, innovative companies.</p><p><blockquote>当谈到吸引投资者的注意力时，很难击败将市场上最热门、最具争议的股票之一比作世界上最受尊敬的创新公司之一的断言。</blockquote></p><p>But rather than dismissing the Cannacord note as the Wall Street-equivalent of clickbait, investors should instead focus on how the stock behaved in reaction to the assertion: Tesla rose 3.7%, to $701.98, on heavy volume, on Monday, while the broad market was moribund, with theS&amp;P 500 indexfalling slightly.</p><p><blockquote>但投资者不应该将Cannacord的票据视为华尔街的点击诱饵，而应该关注该股对这一说法的反应：特斯拉周一成交量大涨3.7%，至701.98美元，而大盘则陷入停滞，标准普尔500指数小幅下跌。</blockquote></p><p>That reinforces the notion that Tesla’s legions of passionate investors are just looking for a reason to love the stock even more. The Cannacord analyst,Jonathan Dorsheimer, backed up his bold assertion by noting that Tesla is involved in more than just cars, just like Apple does more than just make iPhones.</p><p><blockquote>这强化了这样一种观念：特斯拉大批热情的投资者只是在寻找一个更加热爱该股的理由。Cannacord分析师Jonathan Dorsheimer支持了他的大胆断言，他指出，特斯拉涉足的不仅仅是汽车，就像苹果不仅仅是制造iPhone一样。</blockquote></p><p>The Apple-like spin is admittedly aggressive, and maybe even a bit aspirational, but such is the nature of Tesla. Investors either believe in the vision of Tesla’s chief executive, Elon Musk, or they don’t. So far, it has paid to be a believer, and the stock’s Monday rally suggests that Tesla’s investors are looking for new reasons to be evangelical.</p><p><blockquote>苹果式的旋转不可否认是侵略性的，甚至可能有点渴望，但这就是特斯拉的本质。投资者要么相信特斯拉首席执行官Elon Musk的愿景，要么不相信。到目前为止，成为一名信徒是值得的，该股周一的上涨表明特斯拉的投资者正在寻找新的理由成为福音派。</blockquote></p><p>The reason to believe could come as early as April 26, when Tesla is scheduled to reports first-quarter earnings after the market closes. Should the stock surge, investors can shout hallelujah. Should the stock stumble, look for a baptism by fire.</p><p><blockquote>相信的理由最早可能出现在4月26日，届时特斯拉计划在收盘后公布第一季度收益。如果股价飙升，投资者可以大喊哈利路亚。如果股票下跌，就寻找火的洗礼。</blockquote></p><p>With Tesla’s stock around $725, aggressive investors could consider buying Tesla’s April $735call optionsthat expire April 30 for $37.50.</p><p><blockquote>由于特斯拉股价约为725美元，激进的投资者可以考虑以37.50美元的价格购买特斯拉4月份735美元的看涨期权，该期权将于4月30日到期。</blockquote></p><p>If the stock is at $800, the call is worth $65. Should the stock be below the strike price at expiration, the trade fails, though the call could be adjusted within the options market to keep it alive.</p><p><blockquote>如果股价为800美元，则看涨期权价值65美元。如果股票在到期时低于执行价格，交易就会失败，尽管可以在期权市场内调整看涨期权以保持其活力。</blockquote></p><p>During the past 52 weeks, Tesla stock has ranged from $134.76 to $900.40. So far this year, the stock is up about 3%, compared with a gain of 10% for the S&amp;P 500.</p><p><blockquote>在过去52周内，特斯拉股价从134.76美元到900.40美元不等。今年到目前为止，该股已上涨约3%，而标普500的涨幅为10%。</blockquote></p><p>The last time we mentioned Tesla was in early April, just before the company reported first-quarter vehicle deliveries.</p><p><blockquote>我们上次提到特斯拉是在四月初，就在该公司公布第一季度汽车交付量之前。</blockquote></p><p>We then suggested that investors sell Tesla’s May $500 or May $550 put options to trade delivery data when the stock was around $661.75. So far, the trade has worked well. The May $500 puts are trading at $3.50, down from $11, and the May $550 puts are trading at $6.85, down from $20.</p><p><blockquote>然后我们建议投资者卖出特斯拉5月500美元或5月550美元看跌期权，以在该股661.75美元左右时交易交割数据。到目前为止，这项交易运作良好。5月份500美元的看跌期权交易价格为3.50美元，低于11美元；5月份550美元的看跌期权交易价格为6.85美元，低于20美元。</blockquote></p><p>Securing profits is largely a matter of discipline. Some investors will secure profits with gains of 70% on the puts, others will go for 90%. Still others will hold the puts until expiration because they are content acquiring the stock at the put strike price.</p><p><blockquote>确保利润在很大程度上是一个纪律问题。一些投资者将获得70%的看跌期权收益，另一些投资者将获得90%的收益。还有一些人将持有看跌期权直至到期，因为他们满足于以看跌期权执行价格收购股票。</blockquote></p><p>Regardless of which side of the options market appeals to you, Tesla’s earnings should be a key event, and the sell-side analysts are likely to have more salacious comments to make.</p><p><blockquote>无论期权市场的哪一方对您有吸引力，特斯拉的盈利都应该是一个关键事件，而卖方分析师可能会发表更淫秽的评论。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b504372ddc29af9073294012532cc819\" tg-width=\"659\" tg-height=\"564\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/will-tesla-be-the-next-apple-heres-how-investors-can-play-it-51618322770?mod=mw_latestnews\">Barron's</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.marketwatch.com/articles/will-tesla-be-the-next-apple-heres-how-investors-can-play-it-51618322770?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130111087","content_text":"Tesla’s stock may still have some juice left in it after all.Tesla stock (ticker: TSLA) has understandably struggled in 2021 after a meteoric 410% rise over the past year, but the shares jumped higher on Monday afteran analyst assertedthat Tesla could be the nextApple(AAPL).When it comes to attracting attention from investors, it’s hard to beat an assertion that likens one of the market’s hottest, most controversial stocks to one of the world’s most admired, innovative companies.But rather than dismissing the Cannacord note as the Wall Street-equivalent of clickbait, investors should instead focus on how the stock behaved in reaction to the assertion: Tesla rose 3.7%, to $701.98, on heavy volume, on Monday, while the broad market was moribund, with theS&P 500 indexfalling slightly.That reinforces the notion that Tesla’s legions of passionate investors are just looking for a reason to love the stock even more. The Cannacord analyst,Jonathan Dorsheimer, backed up his bold assertion by noting that Tesla is involved in more than just cars, just like Apple does more than just make iPhones.The Apple-like spin is admittedly aggressive, and maybe even a bit aspirational, but such is the nature of Tesla. Investors either believe in the vision of Tesla’s chief executive, Elon Musk, or they don’t. So far, it has paid to be a believer, and the stock’s Monday rally suggests that Tesla’s investors are looking for new reasons to be evangelical.The reason to believe could come as early as April 26, when Tesla is scheduled to reports first-quarter earnings after the market closes. Should the stock surge, investors can shout hallelujah. Should the stock stumble, look for a baptism by fire.With Tesla’s stock around $725, aggressive investors could consider buying Tesla’s April $735call optionsthat expire April 30 for $37.50.If the stock is at $800, the call is worth $65. Should the stock be below the strike price at expiration, the trade fails, though the call could be adjusted within the options market to keep it alive.During the past 52 weeks, Tesla stock has ranged from $134.76 to $900.40. So far this year, the stock is up about 3%, compared with a gain of 10% for the S&P 500.The last time we mentioned Tesla was in early April, just before the company reported first-quarter vehicle deliveries.We then suggested that investors sell Tesla’s May $500 or May $550 put options to trade delivery data when the stock was around $661.75. So far, the trade has worked well. The May $500 puts are trading at $3.50, down from $11, and the May $550 puts are trading at $6.85, down from $20.Securing profits is largely a matter of discipline. Some investors will secure profits with gains of 70% on the puts, others will go for 90%. Still others will hold the puts until expiration because they are content acquiring the stock at the put strike price.Regardless of which side of the options market appeals to you, Tesla’s earnings should be a key event, and the sell-side analysts are likely to have more salacious comments to make.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362807692,"gmtCreate":1614610869716,"gmtModify":1703478872869,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362807692","repostId":"1139917940","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":845404207,"gmtCreate":1636357620109,"gmtModify":1636357707362,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Sharonf dont work","listText":"Sharonf dont work","text":"Sharonf dont work","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845404207","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"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":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845402400,"gmtCreate":1636357448145,"gmtModify":1636357448276,"author":{"id":"3575267139195989","authorId":"3575267139195989","name":"Adelineeex","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575267139195989","idStr":"3575267139195989"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845402400","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"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":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? 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