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2021-05-11

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2021-04-27

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2021-06-05

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Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>

2021-05-30

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2021-05-15

To the moon🌚

Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>

2021-05-18

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JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</blockquote>

2021-05-07

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Dow closes at record high after upbeat jobless claims report<blockquote>乐观的初请失业金人数报告公布后，道琼斯指数收于历史新高</blockquote>

2021-05-04

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2021-04-29

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Amazon Earnings Will Be Fantastic. What That Means for the Stock.<blockquote>亚马逊的盈利将会非常出色。这对股票意味着什么。</blockquote>

2021-05-22

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2021-04-30

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2021-06-24

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The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>

2021-06-23

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2021-06-19

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2021-06-15

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Here’s what the market wants — and doesn’t want — to hear from Powell at this week’s Fed meeting<blockquote>以下是市场希望——和不希望——在本周的美联储会议上听到鲍威尔的话</blockquote>

2021-05-19

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2021-05-05

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2021-04-28

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2021-07-12

Extremely bullish for GME and AMC, BUY AND HOLD FELLOW APES🚀🚀

The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易还远未结束。投资者需要知道的。</blockquote>

2021-05-30

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To the moon🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691114863","repostId":"1196005381","repostType":4,"isVote":1,"tweetType":1,"viewCount":2455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693875869,"gmtCreate":1640009121661,"gmtModify":1640009121916,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Oh but its not over yet","listText":"Oh but its not over yet","text":"Oh but its not over yet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693875869","repostId":"1197053463","repostType":2,"repost":{"id":"1197053463","kind":"news","pubTimestamp":1639954936,"share":"https://www.laohu8.com/m/news/1197053463?lang=zh_CN&edition=full","pubTime":"2021-12-20 07:02","market":"us","language":"en","title":"The year Reddit changed Wall Street forever<blockquote>Reddit永远改变了华尔街的一年</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197053463","media":"CNN Business","summary":"New York (CNN Business) - Nearly a year ago, a bunch of day traders from the fringes of the internet","content":"<p><b>New York (CNN Business)&nbsp;-</b>&nbsp;Nearly a year ago, a bunch of day traders from the fringes of the internet figured out how to beat Wall Street at its own game. Or so they thought.</p><p><blockquote><b>纽约（CNN商业）——</b>大约一年前，一群来自互联网边缘的日内交易者想出了如何在华尔街自己的游戏中击败华尔街。至少他们是这么认为的。</blockquote></p><p> Around mid-January, shares of&nbsp;GameStop(GME)&nbsp;— a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting \"diamond hands,\" and \"to the moon,\" rally cries to hold onto their shares rather than cash out.&nbsp;The term \"meme stock\" sauntered into the mainstream.</p><p><blockquote>1月中旬左右，在Reddit上WallStreetBets论坛上大量日内交易者的推动下，游戏驿站(GME)（一家大多数分析师预计将重蹈百视达(Blockbuster)的覆辙）的股价开始飙升。他们的头寸每天都在增加一倍、三倍，高呼“钻石之手”和“奔向月球”，集会口号是持有自己的股票而不是套现。“模因股票”一词逐渐成为主流。</blockquote></p><p> Better still, these amateur traders, who winkingly referred to themselves as \"Apes,\" were sticking it to the fat cats on Wall Street who'd heavily shorted GameStop. The more people tried to dismiss the Reddit crowd — Citron Research called them \"the suckers at this poker game\" — the more they drove up the stock, squeezing the short sellers.</p><p><blockquote>更好的是，这些自称为“猿类”的业余交易员，把钱花在了那些严重做空游戏驿站的华尔街大佬身上。越多的人试图解雇Reddit人群——Citron Research称他们为“这场扑克游戏中的傻瓜”——他们就越会推高股价，挤压卖空者。</blockquote></p><p> In the end, the GameStop rally sent the stock up 1,600% before coming back down to Earth. Citron, meanwhile,&nbsp;shut down&nbsp;its short-selling business after the episode. Melvin Capital, one of Wall Street's elite hedge funds, was so&nbsp;financially gutted&nbsp;it had to be bailed out&nbsp;by&nbsp;two other firms. The Apes rejoiced. Who's the sucker now?</p><p><blockquote>最终，游戏驿站的反弹使该股上涨了1,600%，然后又回到了现实。与此同时，香橼在事件发生后关闭了其卖空业务。华尔街精英对冲基金之一梅尔文资本(Melvin Capital)的财务状况严重受损，不得不由另外两家公司进行救助。猿类欢欣鼓舞。现在谁是傻瓜？</blockquote></p><p> It looked, in the moment, like David had taken down Goliath. But the giant was merely caught off guard.</p><p><blockquote>在那一刻，看起来就像是大卫打倒了歌利亚。但巨人只是措手不及。</blockquote></p><p> The GameStop saga, brief though it was, marked a turning point for Wall Street. Did the Apes&nbsp;overthrow the establishment? No, far from it. But the spectacle of the uprising was every bit as important as the result. Once GameStop caught the public's imagination, Wall Street could no longer afford to dismiss social media or the investors who congregate on it.</p><p><blockquote>游戏驿站事件虽然短暂，但却标志着华尔街的一个转折点。猿类推翻了当权派吗？不，远非如此。但是起义的场面和结果一样重要。一旦游戏驿站抓住了公众的想象力，华尔街就再也不能忽视社交媒体或聚集在社交媒体上的投资者了。</blockquote></p><p> \"Most people saw it as this revolution,\" says Spencer Jakab, a Wall Street Journal columnist and author of a forthcoming book about the GameStop rally. \"And a lot of young people are still convinced that they're fighting some kind of virtuous fight against evil hedge funds... but, basically, the story is the same: If you think you've figured something out to beat Wall Street, you probably haven't.\"</p><p><blockquote>“大多数人认为这是一场革命，”Spencer Jakab说，他是《华尔街日报》的专栏作家，也是即将出版的一本关于游戏驿站集会的书的作者。“许多年轻人仍然相信，他们正在与邪恶的对冲基金进行某种良性斗争……但是，基本上，故事是一样的：如果你认为你已经找到了击败华尔街的方法，你可能还没有。”</blockquote></p><p> The Reddit army's moment fizzled in early February when GameStop cratered to around $45. Those who joined late, buying the stock at its peak of around $480, were left with huge losses. These days, GME trades around $145 — up nearly 700% for the year, but far from January's highs.</p><p><blockquote>Reddit军队的时刻在2月初失败了，当时游戏驿站跌至45美元左右。那些较晚加入的人，在该股480美元左右的峰值买入，却遭受了巨大损失。如今，GME的交易价格约为145美元，今年上涨了近700%，但远未达到1月份的高点。</blockquote></p><p> Jaime Rogozinski, the founder of WallStreetBets, acknowledges that what happened with GameStop wasn't a revolution per se, but that doesn't mean the community or the ethos that guided it — sniffing out market inefficiencies and exploiting them for profit — is dead.</p><p><blockquote>WallStreetBets创始人海梅·罗戈津斯基(Jaime Rogozinski)承认，游戏驿站发生的事情本身并不是一场革命，但这并不意味着社区或指导它的精神——嗅出市场效率低下并利用它们谋取利润——已经死亡。</blockquote></p><p> \"They're little accounts, but they've now figured out how to push a stock price, even with their insignificant size,\" Rogozinski told CNN Business.&nbsp; \"They're not going to stop looking for these things.\"</p><p><blockquote>罗戈津斯基告诉CNN商业频道：“他们是小账户，但他们现在已经想出了如何推高股价，即使他们的规模微不足道。他们不会停止寻找这些东西。”</blockquote></p><p> The original WallStreetBets page has more than doubled in size since the GME rally, going from about 5 million at the end of January to over 11 million now -- an explosion of popularity that's put off some early adherents who broke off to form new, more specialized investing groups on Reddit and elsewhere.</p><p><blockquote>自GME集会以来，最初的WallStreetBets页面的规模增加了一倍多，从1月底的约500万增加到现在的超过1100万——这种受欢迎程度的爆发让一些早期追随者望而却步，他们离开并组建了新的、更专业的Reddit和其他地方的投资团体。</blockquote></p><p> So who won, David or Goliath? Maybe both.</p><p><blockquote>那么谁赢了，大卫还是歌利亚？也许两者都有。</blockquote></p><p> The force of the January squeeze was powerful enough to make even the stodgiest of Wall Street elite sit up and take notice. US regulators are paying&nbsp;close attention, too.</p><p><blockquote>一月份挤压的力量强大到足以让华尔街最古板的精英们坐起来并注意到这一点。美国监管机构也在密切关注。</blockquote></p><p> \"You'll be hard-pressed to find a company that has over 100% short float now, right?\" Rogozinski says. In other words, no Wall Street firm with any sense wants to end up like Melvin, a titan that was squeezed so hard by the GameStop surge it lost 53% of its fund in under a month. If you massively short a stock and run up your exposure, you're putting a target on your back.</p><p><blockquote>“现在很难找到一家空头流通量超过100%的公司，对吧？”罗戈津斯基说。换句话说，没有一家有理智的华尔街公司愿意落得像Melvin那样的下场，Melvin是一家受到游戏驿站飙升挤压的巨头，在不到一个月的时间里损失了53%的基金。如果你大量做空一只股票并增加你的风险敞口，你就是在背上放了一个目标。</blockquote></p><p> WallStreetBets, with all its crude jargon and machismo, became a check on institutional investors who had perhaps gotten too cozy. Not wanting to be&nbsp;wrong twice, firms have hired social media managers and subscribed to services that monitor social chatter. JPMorgan, for one, is currently testing a new tool aimed at protecting clients from losses tied to meme stocks,Bloomberg reported&nbsp;earlier this month.</p><p><blockquote>WallStreetBets凭借其粗俗的行话和大男子主义，成为了对可能过于舒适的机构投资者的制衡。不想犯两次错误，公司聘请了社交媒体经理，并订阅了监控社交聊天的服务。据彭博社本月早些时候报道，摩根大通目前正在测试一种新工具，旨在保护客户免受与meme股票相关的损失。</blockquote></p><p> \"If you don't have a clear view of what retail is up to, it feels like you're driving partially blind,\" Chris Berthe, JPMorgan's global co-head of cash equities trading, told Bloomberg.</p><p><blockquote>摩根大通现金股票交易全球联席主管克里斯·贝尔特(Chris Berthe)告诉彭博社：“如果你不清楚零售业在做什么，就会感觉自己是部分盲目驾驶。”</blockquote></p><p> For better or worse, Jakab says, all of this has made Wall Street even better at making money.</p><p><blockquote>贾卡布说，无论好坏，所有这些都让华尔街更擅长赚钱。</blockquote></p><p> \"I think what's changed is that Wall Street is totally aware of what's going on,\" says Jakab. \"And they are not going to get caught out in the same way again. They monitor social media, they're going to be more judicious about getting exposed.\"</p><p><blockquote>“我认为改变的是华尔街完全意识到正在发生的事情，”贾卡布说。“他们不会再以同样的方式被抓到。他们监控社交媒体，他们会更加明智地暴露自己。”</blockquote></p><p></p><p> For all the so-called Apes accomplished, Jakab argues, in the end it was the little guy that got hosed in the GameStop saga. His book, \"The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors,\" Jakab makes the case that despite all the talk of sticking it to the Man, the rally only tipped the odds further in Wall Street's favor.</p><p><blockquote>贾卡布认为，对于所有所谓的类人猿来说，最终在《游戏驿站》传奇中被扫地出门的是小家伙。贾卡布在他的书《不是的革命：游戏驿站、Reddit和对小投资者的诈骗》中指出，尽管人们都在谈论坚持到底，但这次反弹只会进一步使华尔街的胜算对华尔街有利。</blockquote></p><p> \"Wall Street likes this,\" he told CNN Business. \"Wall Street likes millions of young people who hate Wall Street putting their money on Wall Street — they don't care if they're hated.\"</p><p><blockquote>“华尔街喜欢这样，”他告诉CNN商业频道。“华尔街喜欢数百万讨厌华尔街的年轻人把钱投入华尔街——他们不在乎自己是否被讨厌。”</blockquote></p><p> Perhaps the more significant legacy of WallStreetBets and the GME saga is cultural. Spend half a minute on the site and you quickly understand this isn't a convention of Boomers in suits but rather a bunch of young Millennials and Gen Zers (still mostly male) talking about complicated options trades via memes and emoji.</p><p><blockquote>也许WallStreetBets和GME传奇更重要的遗产是文化。在网站上花半分钟，你很快就会明白这不是西装革履的婴儿潮一代的惯例，而是一群年轻的千禧一代和Z世代（仍然以男性为主）通过模因和表情符号谈论复杂的期权交易。</blockquote></p><p> \"The best analogy that I can come up with is, you've had these seasoned professional poker players playing this game for decades, and now they've all had to scoot over to make room for this new player that doesn't use the same rules,\" Rogozinski says. \"You have somewhat of a reckless individual that has a different concept of risk and a different objective. And so these players now have to adjust their strategy.\"</p><p><blockquote>“我能想到的最好的类比是，这些经验丰富的职业扑克玩家已经玩了几十年了，现在他们都不得不快速移动，为这个不使用相同规则的新玩家腾出空间，”罗戈津斯基说。“你有一个有点鲁莽的人，他们有不同的风险概念和不同的目标。所以这些玩家现在必须调整他们的策略。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The year Reddit changed Wall Street forever<blockquote>Reddit永远改变了华尔街的一年</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 year Reddit changed Wall Street forever<blockquote>Reddit永远改变了华尔街的一年</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-12-20 07:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;-</b>&nbsp;Nearly a year ago, a bunch of day traders from the fringes of the internet figured out how to beat Wall Street at its own game. Or so they thought.</p><p><blockquote><b>纽约（CNN商业）——</b>大约一年前，一群来自互联网边缘的日内交易者想出了如何在华尔街自己的游戏中击败华尔街。至少他们是这么认为的。</blockquote></p><p> Around mid-January, shares of&nbsp;GameStop(GME)&nbsp;— a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting \"diamond hands,\" and \"to the moon,\" rally cries to hold onto their shares rather than cash out.&nbsp;The term \"meme stock\" sauntered into the mainstream.</p><p><blockquote>1月中旬左右，在Reddit上WallStreetBets论坛上大量日内交易者的推动下，游戏驿站(GME)（一家大多数分析师预计将重蹈百视达(Blockbuster)的覆辙）的股价开始飙升。他们的头寸每天都在增加一倍、三倍，高呼“钻石之手”和“奔向月球”，集会口号是持有自己的股票而不是套现。“模因股票”一词逐渐成为主流。</blockquote></p><p> Better still, these amateur traders, who winkingly referred to themselves as \"Apes,\" were sticking it to the fat cats on Wall Street who'd heavily shorted GameStop. The more people tried to dismiss the Reddit crowd — Citron Research called them \"the suckers at this poker game\" — the more they drove up the stock, squeezing the short sellers.</p><p><blockquote>更好的是，这些自称为“猿类”的业余交易员，把钱花在了那些严重做空游戏驿站的华尔街大佬身上。越多的人试图解雇Reddit人群——Citron Research称他们为“这场扑克游戏中的傻瓜”——他们就越会推高股价，挤压卖空者。</blockquote></p><p> In the end, the GameStop rally sent the stock up 1,600% before coming back down to Earth. Citron, meanwhile,&nbsp;shut down&nbsp;its short-selling business after the episode. Melvin Capital, one of Wall Street's elite hedge funds, was so&nbsp;financially gutted&nbsp;it had to be bailed out&nbsp;by&nbsp;two other firms. The Apes rejoiced. Who's the sucker now?</p><p><blockquote>最终，游戏驿站的反弹使该股上涨了1,600%，然后又回到了现实。与此同时，香橼在事件发生后关闭了其卖空业务。华尔街精英对冲基金之一梅尔文资本(Melvin Capital)的财务状况严重受损，不得不由另外两家公司进行救助。猿类欢欣鼓舞。现在谁是傻瓜？</blockquote></p><p> It looked, in the moment, like David had taken down Goliath. But the giant was merely caught off guard.</p><p><blockquote>在那一刻，看起来就像是大卫打倒了歌利亚。但巨人只是措手不及。</blockquote></p><p> The GameStop saga, brief though it was, marked a turning point for Wall Street. Did the Apes&nbsp;overthrow the establishment? No, far from it. But the spectacle of the uprising was every bit as important as the result. Once GameStop caught the public's imagination, Wall Street could no longer afford to dismiss social media or the investors who congregate on it.</p><p><blockquote>游戏驿站事件虽然短暂，但却标志着华尔街的一个转折点。猿类推翻了当权派吗？不，远非如此。但是起义的场面和结果一样重要。一旦游戏驿站抓住了公众的想象力，华尔街就再也不能忽视社交媒体或聚集在社交媒体上的投资者了。</blockquote></p><p> \"Most people saw it as this revolution,\" says Spencer Jakab, a Wall Street Journal columnist and author of a forthcoming book about the GameStop rally. \"And a lot of young people are still convinced that they're fighting some kind of virtuous fight against evil hedge funds... but, basically, the story is the same: If you think you've figured something out to beat Wall Street, you probably haven't.\"</p><p><blockquote>“大多数人认为这是一场革命，”Spencer Jakab说，他是《华尔街日报》的专栏作家，也是即将出版的一本关于游戏驿站集会的书的作者。“许多年轻人仍然相信，他们正在与邪恶的对冲基金进行某种良性斗争……但是，基本上，故事是一样的：如果你认为你已经找到了击败华尔街的方法，你可能还没有。”</blockquote></p><p> The Reddit army's moment fizzled in early February when GameStop cratered to around $45. Those who joined late, buying the stock at its peak of around $480, were left with huge losses. These days, GME trades around $145 — up nearly 700% for the year, but far from January's highs.</p><p><blockquote>Reddit军队的时刻在2月初失败了，当时游戏驿站跌至45美元左右。那些较晚加入的人，在该股480美元左右的峰值买入，却遭受了巨大损失。如今，GME的交易价格约为145美元，今年上涨了近700%，但远未达到1月份的高点。</blockquote></p><p> Jaime Rogozinski, the founder of WallStreetBets, acknowledges that what happened with GameStop wasn't a revolution per se, but that doesn't mean the community or the ethos that guided it — sniffing out market inefficiencies and exploiting them for profit — is dead.</p><p><blockquote>WallStreetBets创始人海梅·罗戈津斯基(Jaime Rogozinski)承认，游戏驿站发生的事情本身并不是一场革命，但这并不意味着社区或指导它的精神——嗅出市场效率低下并利用它们谋取利润——已经死亡。</blockquote></p><p> \"They're little accounts, but they've now figured out how to push a stock price, even with their insignificant size,\" Rogozinski told CNN Business.&nbsp; \"They're not going to stop looking for these things.\"</p><p><blockquote>罗戈津斯基告诉CNN商业频道：“他们是小账户，但他们现在已经想出了如何推高股价，即使他们的规模微不足道。他们不会停止寻找这些东西。”</blockquote></p><p> The original WallStreetBets page has more than doubled in size since the GME rally, going from about 5 million at the end of January to over 11 million now -- an explosion of popularity that's put off some early adherents who broke off to form new, more specialized investing groups on Reddit and elsewhere.</p><p><blockquote>自GME集会以来，最初的WallStreetBets页面的规模增加了一倍多，从1月底的约500万增加到现在的超过1100万——这种受欢迎程度的爆发让一些早期追随者望而却步，他们离开并组建了新的、更专业的Reddit和其他地方的投资团体。</blockquote></p><p> So who won, David or Goliath? Maybe both.</p><p><blockquote>那么谁赢了，大卫还是歌利亚？也许两者都有。</blockquote></p><p> The force of the January squeeze was powerful enough to make even the stodgiest of Wall Street elite sit up and take notice. US regulators are paying&nbsp;close attention, too.</p><p><blockquote>一月份挤压的力量强大到足以让华尔街最古板的精英们坐起来并注意到这一点。美国监管机构也在密切关注。</blockquote></p><p> \"You'll be hard-pressed to find a company that has over 100% short float now, right?\" Rogozinski says. In other words, no Wall Street firm with any sense wants to end up like Melvin, a titan that was squeezed so hard by the GameStop surge it lost 53% of its fund in under a month. If you massively short a stock and run up your exposure, you're putting a target on your back.</p><p><blockquote>“现在很难找到一家空头流通量超过100%的公司，对吧？”罗戈津斯基说。换句话说，没有一家有理智的华尔街公司愿意落得像Melvin那样的下场，Melvin是一家受到游戏驿站飙升挤压的巨头，在不到一个月的时间里损失了53%的基金。如果你大量做空一只股票并增加你的风险敞口，你就是在背上放了一个目标。</blockquote></p><p> WallStreetBets, with all its crude jargon and machismo, became a check on institutional investors who had perhaps gotten too cozy. Not wanting to be&nbsp;wrong twice, firms have hired social media managers and subscribed to services that monitor social chatter. JPMorgan, for one, is currently testing a new tool aimed at protecting clients from losses tied to meme stocks,Bloomberg reported&nbsp;earlier this month.</p><p><blockquote>WallStreetBets凭借其粗俗的行话和大男子主义，成为了对可能过于舒适的机构投资者的制衡。不想犯两次错误，公司聘请了社交媒体经理，并订阅了监控社交聊天的服务。据彭博社本月早些时候报道，摩根大通目前正在测试一种新工具，旨在保护客户免受与meme股票相关的损失。</blockquote></p><p> \"If you don't have a clear view of what retail is up to, it feels like you're driving partially blind,\" Chris Berthe, JPMorgan's global co-head of cash equities trading, told Bloomberg.</p><p><blockquote>摩根大通现金股票交易全球联席主管克里斯·贝尔特(Chris Berthe)告诉彭博社：“如果你不清楚零售业在做什么，就会感觉自己是部分盲目驾驶。”</blockquote></p><p> For better or worse, Jakab says, all of this has made Wall Street even better at making money.</p><p><blockquote>贾卡布说，无论好坏，所有这些都让华尔街更擅长赚钱。</blockquote></p><p> \"I think what's changed is that Wall Street is totally aware of what's going on,\" says Jakab. \"And they are not going to get caught out in the same way again. They monitor social media, they're going to be more judicious about getting exposed.\"</p><p><blockquote>“我认为改变的是华尔街完全意识到正在发生的事情，”贾卡布说。“他们不会再以同样的方式被抓到。他们监控社交媒体，他们会更加明智地暴露自己。”</blockquote></p><p></p><p> For all the so-called Apes accomplished, Jakab argues, in the end it was the little guy that got hosed in the GameStop saga. His book, \"The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors,\" Jakab makes the case that despite all the talk of sticking it to the Man, the rally only tipped the odds further in Wall Street's favor.</p><p><blockquote>贾卡布认为，对于所有所谓的类人猿来说，最终在《游戏驿站》传奇中被扫地出门的是小家伙。贾卡布在他的书《不是的革命：游戏驿站、Reddit和对小投资者的诈骗》中指出，尽管人们都在谈论坚持到底，但这次反弹只会进一步使华尔街的胜算对华尔街有利。</blockquote></p><p> \"Wall Street likes this,\" he told CNN Business. \"Wall Street likes millions of young people who hate Wall Street putting their money on Wall Street — they don't care if they're hated.\"</p><p><blockquote>“华尔街喜欢这样，”他告诉CNN商业频道。“华尔街喜欢数百万讨厌华尔街的年轻人把钱投入华尔街——他们不在乎自己是否被讨厌。”</blockquote></p><p> Perhaps the more significant legacy of WallStreetBets and the GME saga is cultural. Spend half a minute on the site and you quickly understand this isn't a convention of Boomers in suits but rather a bunch of young Millennials and Gen Zers (still mostly male) talking about complicated options trades via memes and emoji.</p><p><blockquote>也许WallStreetBets和GME传奇更重要的遗产是文化。在网站上花半分钟，你很快就会明白这不是西装革履的婴儿潮一代的惯例，而是一群年轻的千禧一代和Z世代（仍然以男性为主）通过模因和表情符号谈论复杂的期权交易。</blockquote></p><p> \"The best analogy that I can come up with is, you've had these seasoned professional poker players playing this game for decades, and now they've all had to scoot over to make room for this new player that doesn't use the same rules,\" Rogozinski says. \"You have somewhat of a reckless individual that has a different concept of risk and a different objective. And so these players now have to adjust their strategy.\"</p><p><blockquote>“我能想到的最好的类比是，这些经验丰富的职业扑克玩家已经玩了几十年了，现在他们都不得不快速移动，为这个不使用相同规则的新玩家腾出空间，”罗戈津斯基说。“你有一个有点鲁莽的人，他们有不同的风险概念和不同的目标。所以这些玩家现在必须调整他们的策略。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/12/19/investing/stocks-week-ahead-reddit-wallstreetbets-gamestop/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","AMC":"AMC院线",".SPX":"S&P 500 Index","GME":"游戏驿站"},"source_url":"https://edition.cnn.com/2021/12/19/investing/stocks-week-ahead-reddit-wallstreetbets-gamestop/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197053463","content_text":"New York (CNN Business) - Nearly a year ago, a bunch of day traders from the fringes of the internet figured out how to beat Wall Street at its own game. Or so they thought.\nAround mid-January, shares of GameStop(GME) — a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting \"diamond hands,\" and \"to the moon,\" rally cries to hold onto their shares rather than cash out. The term \"meme stock\" sauntered into the mainstream.\nBetter still, these amateur traders, who winkingly referred to themselves as \"Apes,\" were sticking it to the fat cats on Wall Street who'd heavily shorted GameStop. The more people tried to dismiss the Reddit crowd — Citron Research called them \"the suckers at this poker game\" — the more they drove up the stock, squeezing the short sellers.\nIn the end, the GameStop rally sent the stock up 1,600% before coming back down to Earth. Citron, meanwhile, shut down its short-selling business after the episode. Melvin Capital, one of Wall Street's elite hedge funds, was so financially gutted it had to be bailed out by two other firms. The Apes rejoiced. Who's the sucker now?\nIt looked, in the moment, like David had taken down Goliath. But the giant was merely caught off guard.\nThe GameStop saga, brief though it was, marked a turning point for Wall Street. Did the Apes overthrow the establishment? No, far from it. But the spectacle of the uprising was every bit as important as the result. Once GameStop caught the public's imagination, Wall Street could no longer afford to dismiss social media or the investors who congregate on it.\n\"Most people saw it as this revolution,\" says Spencer Jakab, a Wall Street Journal columnist and author of a forthcoming book about the GameStop rally. \"And a lot of young people are still convinced that they're fighting some kind of virtuous fight against evil hedge funds... but, basically, the story is the same: If you think you've figured something out to beat Wall Street, you probably haven't.\"\nThe Reddit army's moment fizzled in early February when GameStop cratered to around $45. Those who joined late, buying the stock at its peak of around $480, were left with huge losses. These days, GME trades around $145 — up nearly 700% for the year, but far from January's highs.\nJaime Rogozinski, the founder of WallStreetBets, acknowledges that what happened with GameStop wasn't a revolution per se, but that doesn't mean the community or the ethos that guided it — sniffing out market inefficiencies and exploiting them for profit — is dead.\n\"They're little accounts, but they've now figured out how to push a stock price, even with their insignificant size,\" Rogozinski told CNN Business.  \"They're not going to stop looking for these things.\"\nThe original WallStreetBets page has more than doubled in size since the GME rally, going from about 5 million at the end of January to over 11 million now -- an explosion of popularity that's put off some early adherents who broke off to form new, more specialized investing groups on Reddit and elsewhere.\nSo who won, David or Goliath? Maybe both.\nThe force of the January squeeze was powerful enough to make even the stodgiest of Wall Street elite sit up and take notice. US regulators are paying close attention, too.\n\"You'll be hard-pressed to find a company that has over 100% short float now, right?\" Rogozinski says. In other words, no Wall Street firm with any sense wants to end up like Melvin, a titan that was squeezed so hard by the GameStop surge it lost 53% of its fund in under a month. If you massively short a stock and run up your exposure, you're putting a target on your back.\nWallStreetBets, with all its crude jargon and machismo, became a check on institutional investors who had perhaps gotten too cozy. Not wanting to be wrong twice, firms have hired social media managers and subscribed to services that monitor social chatter. JPMorgan, for one, is currently testing a new tool aimed at protecting clients from losses tied to meme stocks,Bloomberg reported earlier this month.\n\"If you don't have a clear view of what retail is up to, it feels like you're driving partially blind,\" Chris Berthe, JPMorgan's global co-head of cash equities trading, told Bloomberg.\nFor better or worse, Jakab says, all of this has made Wall Street even better at making money.\n\"I think what's changed is that Wall Street is totally aware of what's going on,\" says Jakab. \"And they are not going to get caught out in the same way again. They monitor social media, they're going to be more judicious about getting exposed.\"\nFor all the so-called Apes accomplished, Jakab argues, in the end it was the little guy that got hosed in the GameStop saga. His book, \"The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors,\" Jakab makes the case that despite all the talk of sticking it to the Man, the rally only tipped the odds further in Wall Street's favor.\n\"Wall Street likes this,\" he told CNN Business. \"Wall Street likes millions of young people who hate Wall Street putting their money on Wall Street — they don't care if they're hated.\"\nPerhaps the more significant legacy of WallStreetBets and the GME saga is cultural. Spend half a minute on the site and you quickly understand this isn't a convention of Boomers in suits but rather a bunch of young Millennials and Gen Zers (still mostly male) talking about complicated options trades via memes and emoji.\n\"The best analogy that I can come up with is, you've had these seasoned professional poker players playing this game for decades, and now they've all had to scoot over to make room for this new player that doesn't use the same rules,\" Rogozinski says. \"You have somewhat of a reckless individual that has a different concept of risk and a different objective. And so these players now have to adjust their strategy.\"","news_type":1,"symbols_score_info":{".DJI":0.9,"GME":0.9,".SPX":0.9,".IXIC":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699065929,"gmtCreate":1639724593132,"gmtModify":1639724603459,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"GME to the moon, shorts havent covered 🚀","listText":"GME to the moon, shorts havent covered 🚀","text":"GME to the moon, shorts havent covered 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699065929","repostId":"1162808117","repostType":2,"repost":{"id":"1162808117","kind":"news","pubTimestamp":1639709791,"share":"https://www.laohu8.com/m/news/1162808117?lang=zh_CN&edition=full","pubTime":"2021-12-17 10:56","market":"us","language":"en","title":"Top 10 Meme Stocks of 2021 and How They’ll Fare in 2022<blockquote>2021年十大模因股票及其2022年表现如何</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162808117","media":"InvestorPlace","summary":"It's time to decide which of these meme stocks are good investments\nSource: Michael Vi / Shutterstoc","content":"<p><div> It's time to decide which of these meme stocks are good investments Source: Michael Vi / Shutterstock.com We’re past the point of denial about meme stocks. What looked unsustainable nine months ago is...</p><p><blockquote><div>是时候决定这些模因股票中哪些是良好的投资来源：Michael Vi/Shutterstock.com我们已经过了否认模因股票的阶段。九个月前看起来不可持续的是...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/top-10-meme-stocks-and-how-they-fare-in-2022/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/top-10-meme-stocks-and-how-they-fare-in-2022/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>Top 10 Meme Stocks of 2021 and How They’ll Fare in 2022<blockquote>2021年十大模因股票及其2022年表现如何</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\">\nTop 10 Meme Stocks of 2021 and How They’ll Fare in 2022<blockquote>2021年十大模因股票及其2022年表现如何</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-17 10:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> It's time to decide which of these meme stocks are good investments Source: Michael Vi / Shutterstock.com We’re past the point of denial about meme stocks. What looked unsustainable nine months ago is...</p><p><blockquote><div>是时候决定这些模因股票中哪些是良好的投资来源：Michael Vi/Shutterstock.com我们已经过了否认模因股票的阶段。九个月前看起来不可持续的是...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/top-10-meme-stocks-and-how-they-fare-in-2022/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/top-10-meme-stocks-and-how-they-fare-in-2022/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/top-10-meme-stocks-and-how-they-fare-in-2022/\">InvestorPlace</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":{"BB":"黑莓","SNDL":"SNDL Inc.","AMC":"AMC院线","BBBY":"Bed Bath & Beyond, Inc.","GME":"游戏驿站","CLOV":"Clover Health Corp","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/12/top-10-meme-stocks-and-how-they-fare-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162808117","content_text":"It's time to decide which of these meme stocks are good investments\nSource: Michael Vi / Shutterstock.com\nWe’re past the point of denial about meme stocks. What looked unsustainable nine months ago is proving to have staying power. Retail investors continue to identify their favorite stocks and drive up the price.\nThe bullish case for meme stocks says that retail investors, with more research available to them than ever before, are willing to take a risk on companies that may be the next Amazon(NASDAQ:AMZN). The bearish case is that they may be propping up companies that deserve to trade for much, much lower.\nWho’s to say which side is right? I tend to believe that some of the moral outrage being expressed by retail investors against hedge funds is a rationale to avoid admitting that they’re investment strategy is similar to gambling. But there are many things in life that are a gamble and it’s not my money.\nThat argument will continue to play out in 2022. So it may be interesting to look at 10 meme stocks that have been part of the this movement in 2021. And it’s also time to take a look at how these stocks may fare in 2022.\n\nGameStop(NYSE:GME)\nAMC Entertainment(NYSE:AMC)\nBlackBerry(NYSE:BB)\nClover Health(NASDAQ:CLOV)\nZomedica(NYSE:ZOM)\nSundial Growers(NASDAQ:SNDL)\nBed Bath & Beyond(NASDAQ:BBBY)\nTesla(NASDAQ:TSLA)\nContextLogic(NASDAQ:WISH)\nXPresSpa(NASDAQ:XSPA)\n\nGameStop (GME)\nGameStop is the company that made the terms “meme stocks” and “short squeeze” household names. The initial surge in GME stock was caused by retail investors who identified a high level of short interest in the stock. This led to the short squeeze to end all short squeezes. GameStop stock moved from $17.25 to a closing price of $347.51 in late January.\nHowever, a recent report from the Securities & Exchange Commission(SEC) confirms that the rise in the GME stock price was largely due to retail investors continuing to bid the stock higher, not as much short sellers covering their position.\nNeedless to say, the stock price wasn’t sustainable, but GME stock is still up over 600% in 2021. It’s unrealistic to expect that the company will deliver that kind of performance in 2022. The company’s ability to pivot from a brick-and-mortar to a digital model has yet to be determined. But at this point, loyal GameStop investors believe in the stock, and that may be enough to push the stock higher.\nAMC Entertainment (AMC)\nWhen it comes to meme stocks, AMC Entertainment is the Robin to GameStop’s Batman. However, the AMC apes may say the opposite is true. It really doesn’t matter. What matters is that the committed AMC army has seen the stock post a 1,000% gain in 2021.\nThe company is known for its chain of movie theatres. That was a troubled business model prior to the pandemic. However, as is the case with GameStop, the stock is not moving forward because investors are putting stock in the company’s current fundamentals; they have their eyes fixed on the future.\nBetween AMC’s move into the non-fungible token (NFT) space and its willingness to accept some forms of cryptocurrency, the retail crowd believes there’s an emerging growth story for AMC stock.\nI don’t share that belief. Revenue for 2021 is expected to be about a billion dollars shy of where it was in 2019. Yet at this point in 2019, AMC stock was trading at around $8. As for 2022, the loyalty of retail investors could prop up the stock for some time to come. However, like GameStop, conservative investors should stay far away.\nBlackBerry (BB)\nBlackBerry may be best known to some people as the manufacturer of the mobile phone of the same name. And while some people may long to have their BlackBerry, the larger story of the company had to do with the safety and security that was built into the product. That’s because BlackBerry is, at its core, a software company.\nAnd that’s why, if you’re looking to buy the stock in 2022, you’ll want to look at their cybersecurity offerings that currently accounts for approximately two-thirds of BlackBerry’s revenue.\nThere is some sentiment that BlackBerry is an acquisition target. However, the reason to buy BB stock is for its strategic partnerships with Microsoft(NASDAQ:MSFT) and Amazon. The latter is the most intriguing because it will allow BlackBerry’s Intelligent Vehicle Data Platform (IVY) to provide a consistent and secure common app that can be used for autonomous driving.\nAlthough the autonomous vehicle (AV) future may be years away, if you believe in that future, a small, speculative position in BB stock may pay off in the long run.\nClover Health (CLOV)\nLike many companies on this list, the risk/reward calculus for Clover Health in 2022 comes down to its ability to generate revenue with its Clover Assistant. The Clover Assistant uses AI and predictive analysis to give doctors actionable patient care information that will drive better health outcomes.\nThe bullish case says that by focusing on Medicare Advantage patients, Clover Health has a huge addressable market. The flipside to that argument is that many doctors the company is targeting don’t have that many Medicare Advantage patients.\nAnd, because of the regulatory environment that surrounds Medicate Advantage, it may not be as profitable as expected. One way that the company may look to address this is by opening up the Clover Assistant to fee-for-service Medicare patients.\nWith that said, CLOV stock does have a $9 price target from the analyst community, which suggests that risk-tolerant investors may be rewarded for their investment.\nZomedica (ZOM)\nI’ve followed Zomedica for most of 2021 and thought it was miscast as a meme stock. But the stock chart says it all. ZOM stock was literally a penny stock in December 2020. But in the first two months of 2021, it soared to over $2 a share. It’s since fallen back and is now back in penny stock territory.\nThe story of Zomedica will come down to the acceptance of its Truforma product. This allows veterinarians to run diagnostic tests in their offices that they currently would have to send to an outside lab at additional time and expense. The company has launched a Customer Appreciation Program that will seed the product in veterinarian offices at no cost. The catalyst is that the offices make an agreement to buy the assays that are required to run the diagnostic tests directly from Zomedica.\nThe company also recently acquired PulseVet, which gives the company another revenue-generation opportunity for the company that should start contributing to the company’s revenue in the next few quarters.\nSundial Growers (SNDL)\nThe cannabis sector continues to draw speculative interest, although profitability still seems to be years away. And Sundial Growers remains one of the most volatile stocks in the sector.\nIf you’re going to invest in SNDL stock in 2022, you have to be convinced that their business model will work. But before you answer that question, you have to buy into what that business model is. It appears that the most profitable path is if the company can benefit from its affiliate filing an application to be a Business Development Company (BDC).\nThis would seem like a better option than trying to forge a path ahead as a cannabis retailer. That continues to be a difficult path for any cannabis company, particularly as legalization in the United States is likely going to take longer than expected.\nBed Bath & Beyond (BBBY)\nBed Bath & Beyond is a curious case among the meme stocks. I can’t say the company is doing anything definitively wrong. But it’s also not doing anything that justifies a stock price that at one point was over $35 a share in 2021.\nThat’s why it’s part of this meme stock list, because retail investors have figured out a formula and they’re making it work. Still, you have to be careful with your expectations. The company’s revenue and earnings are still down from pre-pandemic levels and yet the stock price is above pre-pandemic levels.\nThe company recently announced a partnership with Kroger(NYSE:KR) that got some investors excited. However, it doesn’t appear to be a move that will be noticeable to the bottom line for several quarters, if ever.\nBed Bath & Beyond is making some moves to close underperforming stores and introduce private-label brands. But it’s unclear how much playing defense will be able to help, which makes BBBY stock a risky option in 2022.\nTesla (TSLA)\nBefore meme stocks were a thing, there was Tesla. And one thing you can say about owning TSLA is that there’s never a dull moment. After the stock climbed to over $1,200 a share this year, it’s down to around $930, and that still has rewarded investors to the tune of a 32% gain for the year.\nI’ve long felt that TSLA stock is valued the way it is because investors view it as a technology play more than an electric vehicle (EV) play. However, it would seem that the company’s immediate fortunes will depend on its EV business, which should be a catalyst in 2022.\nFaisal Humayun recently wrote, Tesla plans to launch a $25,000 fully autonomous electric vehicle. That would be a clear game changer in terms of market share. And with $16.1 billion of cash on hand, the company has the balance sheet to invest in future expansion and innovation.\nContextLogic (WISH)\nThe only words I can offer to those looking to invest in ContextLogic is let the buyer beware. I can’t say the company isn’t trying to improve its financial situation. But the long-term outlook for WISH stock is troubled. And it’s unclear what the sales outlook is.  Plus, the company’s founder and chief executive officer (CEO) announced he will be stepping aside as soon as a replacement is found.\nOn the other hand, if you’re a believer in the speculative nature of the meme stock movement, then there are few stocks that bear it out more than WISH stock. The stock continues to be propped up by retail investors. And the analyst community gives the company a share price of over $11. That’s a gain of over 250% from its current price.\nBut short interest remains high. And if you’re looking to open a position on WISH stock, you may want to wait until the outlook becomes clear.\nXPresSpa (XSPA)\nI have to admit, if someone had told me there was a business case for XpresSpa Group in 2022, I would have been skeptical. And while I won’t be buying XSPA stock anytime soon, I’ll let you decide for yourself.\nFor those who are unfamiliar, the company has two business units. Its namesake unit, XpresSpa, offers premium spa services and “exclusive travel products and accessories through partnership with some of the leading cosmetics brands in the world.”\nHowever, with the collapse of travel during the Covid-19 pandemic, the company made a strategic pivot to turn their existing facilities into Covid-19 testing facilities. The idea was to have a location for airline crews and passengers to get fast, convenient testing at the airport.\nAnd as the pandemic remains in the public consciousness, rapid testing will remain a viable option, particularly as a significant segment of the population remains unvaccinated. However, it’s fair to question how much revenue the company can generate from this model. The company was continuing to lose money so it’s certainly not enough to be profitable.\nAnd with the company losing money prior to the pandemic in its prior business model, this is still a speculative bet.","news_type":1,"symbols_score_info":{"BB":0.9,"SNDL":0.9,"ZOM":0.9,"WISH":0.9,"XSPA":0.9,"AMC":0.9,"GME":0.9,"CLOV":0.9,"TSLA":0.9,"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":2337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607101359,"gmtCreate":1639494397400,"gmtModify":1639494420744,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Sorry i think u dropped a digit in the short int percentage there, shld be at least &gt;200% for gamestop","listText":"Sorry i think u dropped a digit in the short int percentage there, shld be at least &gt;200% for gamestop","text":"Sorry i think u dropped a digit in the short int percentage there, shld be at least >200% for gamestop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607101359","repostId":"1199342811","repostType":2,"repost":{"id":"1199342811","kind":"news","pubTimestamp":1639494013,"share":"https://www.laohu8.com/m/news/1199342811?lang=zh_CN&edition=full","pubTime":"2021-12-14 23:00","market":"us","language":"en","title":"AMC, GameStop short sellers make a comeback as meme stocks buckle<blockquote>随着模因股票暴跌，AMC和游戏驿站卖空者卷土重来</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199342811","media":"Reuters","summary":"Shares of AMC Entertainment and GameStop dropped further in early trading on Tuesday, extending declines that have helped short sellers recover more than $1 billion in losses in December.Both companies were at the heart of the meme stocks phenomenon earlier this year, when individual investors coordinated on online message boards to fuel stunning rallies that cost short sellers billions of dollars.Theater chain AMC dropped 8% to a new 7-month low at $21.31 and were on track for a fourth day of l","content":"<p>Shares of AMC Entertainment and GameStop dropped further in early trading on Tuesday, extending declines that have helped short sellers recover more than $1 billion in losses in December.</p><p><blockquote>AMC院线和游戏驿站的股价在周二早盘交易中进一步下跌，延续了帮助卖空者挽回去年12月逾10亿美元损失的跌势。</blockquote></p><p> Both companies were at the heart of the meme stocks phenomenon earlier this year, when individual investors coordinated on online message boards to fuel stunning rallies that cost short sellers billions of dollars.</p><p><blockquote>今年早些时候，这两家公司都是模因股票现象的核心，当时个人投资者在在线留言板上进行协调，推动了惊人的反弹，导致卖空者损失了数十亿美元。</blockquote></p><p> Theater chain AMC dropped 8% to a new 7-month low at $21.31 and were on track for a fourth day of losses, while videogame retailer GameStop shed 4.3% to $131 - its lowest level since March.</p><p><blockquote>连锁影院AMC股价下跌8%，至21.31美元，创7个月新低，有望连续第四天下跌，而视频游戏零售商游戏驿站股价下跌4.3%，至131美元，为3月份以来的最低水平。</blockquote></p><p> Short-sellers have made $1.1 billion on their positions on AMC stock since the beginning of December, according to data from analytics firm Ortex. GameStop short-sellers have made $330 million since the start of the month. Both stocks have lost nearly a third of their value in December.</p><p><blockquote>根据分析公司Ortex的数据，自12月初以来，卖空者已从AMC股票头寸中获利11亿美元。自本月初以来，游戏驿站卖空者已获利3.3亿美元。这两只股票在12月份都损失了近三分之一的价值。</blockquote></p><p> Still, so far this year, bearish investors have lost $1.3 billion on their bets on AMC and $11.78 billion in GameStop as their shares have rallied about 1,000% and 600% year-to-date, respectively.</p><p><blockquote>尽管如此，今年到目前为止，看跌投资者对AMC的押注损失了13亿美元，对游戏驿站的押注损失了117.8亿美元，因为它们的股价今年迄今分别上涨了约1,000%和600%。</blockquote></p><p> The estimated short interest at AMC increased to 19% of its free float from 16% at the end of November, per Ortex data. GameStop short interest has shot up to 14% from 11% in the same period.</p><p><blockquote>根据Ortex数据，AMC的估计空头利息占其自由流通量的比例从11月底的16%增至19%。游戏驿站空头利息从同期的11%飙升至14%。</blockquote></p><p> Insider selling at AMC last week added to worries over the Omicron coronavirus variant denting a recovery in theater attendance.</p><p><blockquote>AMC上周的内幕抛售加剧了人们对奥密克戎冠状病毒变种削弱影院上座率复苏的担忧。</blockquote></p><p> Retail traders were net sellers of equities for the first time since March 2021 in the week leading up to Dec. 8 in the largest outflow since Sep 2020, J.P.Morgan data showed last week.</p><p><blockquote>摩根大通上周的数据显示，截至12月8日的一周，散户交易员自2021年3月以来首次成为股票净卖家，这是自2020年9月以来最大的资金流出。</blockquote></p><p> Sam Stovall, chief investment strategist at CFRA Research, said AMC investors are worried about the reopening trade, with comments from the UK that Omicron infections could become a tidal wave weighing on the sentiment.</p><p><blockquote>CFRA Research首席投资策略师Sam Stovall表示，AMC投资者对重新开放交易感到担忧，来自英国的评论称，奥密克戎感染可能会成为打压市场情绪的浪潮。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC, GameStop short sellers make a comeback as meme stocks buckle<blockquote>随着模因股票暴跌，AMC和游戏驿站卖空者卷土重来</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC, GameStop short sellers make a comeback as meme stocks buckle<blockquote>随着模因股票暴跌，AMC和游戏驿站卖空者卷土重来</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-14 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of AMC Entertainment and GameStop dropped further in early trading on Tuesday, extending declines that have helped short sellers recover more than $1 billion in losses in December.</p><p><blockquote>AMC院线和游戏驿站的股价在周二早盘交易中进一步下跌，延续了帮助卖空者挽回去年12月逾10亿美元损失的跌势。</blockquote></p><p> Both companies were at the heart of the meme stocks phenomenon earlier this year, when individual investors coordinated on online message boards to fuel stunning rallies that cost short sellers billions of dollars.</p><p><blockquote>今年早些时候，这两家公司都是模因股票现象的核心，当时个人投资者在在线留言板上进行协调，推动了惊人的反弹，导致卖空者损失了数十亿美元。</blockquote></p><p> Theater chain AMC dropped 8% to a new 7-month low at $21.31 and were on track for a fourth day of losses, while videogame retailer GameStop shed 4.3% to $131 - its lowest level since March.</p><p><blockquote>连锁影院AMC股价下跌8%，至21.31美元，创7个月新低，有望连续第四天下跌，而视频游戏零售商游戏驿站股价下跌4.3%，至131美元，为3月份以来的最低水平。</blockquote></p><p> Short-sellers have made $1.1 billion on their positions on AMC stock since the beginning of December, according to data from analytics firm Ortex. GameStop short-sellers have made $330 million since the start of the month. Both stocks have lost nearly a third of their value in December.</p><p><blockquote>根据分析公司Ortex的数据，自12月初以来，卖空者已从AMC股票头寸中获利11亿美元。自本月初以来，游戏驿站卖空者已获利3.3亿美元。这两只股票在12月份都损失了近三分之一的价值。</blockquote></p><p> Still, so far this year, bearish investors have lost $1.3 billion on their bets on AMC and $11.78 billion in GameStop as their shares have rallied about 1,000% and 600% year-to-date, respectively.</p><p><blockquote>尽管如此，今年到目前为止，看跌投资者对AMC的押注损失了13亿美元，对游戏驿站的押注损失了117.8亿美元，因为它们的股价今年迄今分别上涨了约1,000%和600%。</blockquote></p><p> The estimated short interest at AMC increased to 19% of its free float from 16% at the end of November, per Ortex data. GameStop short interest has shot up to 14% from 11% in the same period.</p><p><blockquote>根据Ortex数据，AMC的估计空头利息占其自由流通量的比例从11月底的16%增至19%。游戏驿站空头利息从同期的11%飙升至14%。</blockquote></p><p> Insider selling at AMC last week added to worries over the Omicron coronavirus variant denting a recovery in theater attendance.</p><p><blockquote>AMC上周的内幕抛售加剧了人们对奥密克戎冠状病毒变种削弱影院上座率复苏的担忧。</blockquote></p><p> Retail traders were net sellers of equities for the first time since March 2021 in the week leading up to Dec. 8 in the largest outflow since Sep 2020, J.P.Morgan data showed last week.</p><p><blockquote>摩根大通上周的数据显示，截至12月8日的一周，散户交易员自2021年3月以来首次成为股票净卖家，这是自2020年9月以来最大的资金流出。</blockquote></p><p> Sam Stovall, chief investment strategist at CFRA Research, said AMC investors are worried about the reopening trade, with comments from the UK that Omicron infections could become a tidal wave weighing on the sentiment.</p><p><blockquote>CFRA Research首席投资策略师Sam Stovall表示，AMC投资者对重新开放交易感到担忧，来自英国的评论称，奥密克戎感染可能会成为打压市场情绪的浪潮。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/amc-gamestop-short-sellers-comeback-144659441.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-gamestop-short-sellers-comeback-144659441.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199342811","content_text":"Shares of AMC Entertainment and GameStop dropped further in early trading on Tuesday, extending declines that have helped short sellers recover more than $1 billion in losses in December.\nBoth companies were at the heart of the meme stocks phenomenon earlier this year, when individual investors coordinated on online message boards to fuel stunning rallies that cost short sellers billions of dollars.\nTheater chain AMC dropped 8% to a new 7-month low at $21.31 and were on track for a fourth day of losses, while videogame retailer GameStop shed 4.3% to $131 - its lowest level since March.\nShort-sellers have made $1.1 billion on their positions on AMC stock since the beginning of December, according to data from analytics firm Ortex. GameStop short-sellers have made $330 million since the start of the month. Both stocks have lost nearly a third of their value in December.\nStill, so far this year, bearish investors have lost $1.3 billion on their bets on AMC and $11.78 billion in GameStop as their shares have rallied about 1,000% and 600% year-to-date, respectively.\nThe estimated short interest at AMC increased to 19% of its free float from 16% at the end of November, per Ortex data. GameStop short interest has shot up to 14% from 11% in the same period.\nInsider selling at AMC last week added to worries over the Omicron coronavirus variant denting a recovery in theater attendance.\nRetail traders were net sellers of equities for the first time since March 2021 in the week leading up to Dec. 8 in the largest outflow since Sep 2020, J.P.Morgan data showed last week.\nSam Stovall, chief investment strategist at CFRA Research, said AMC investors are worried about the reopening trade, with comments from the UK that Omicron infections could become a tidal wave weighing on the sentiment.","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602526498,"gmtCreate":1639044372518,"gmtModify":1639044743258,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"The classic earnings dip, even when the company is doing well. To the moon soon kenny is doomed 🚀","listText":"The classic earnings dip, even when the company is doing well. To the moon soon kenny is doomed 🚀","text":"The classic earnings dip, even when the company is doing well. To the moon soon kenny is doomed 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602526498","repostId":"1160707801","repostType":2,"repost":{"id":"1160707801","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":1639044108,"share":"https://www.laohu8.com/m/news/1160707801?lang=zh_CN&edition=full","pubTime":"2021-12-09 18:01","market":"us","language":"en","title":"GameStop shares dipped nearly 4% in premarket trading<blockquote>游戏驿站股价在盘前交易中下跌近4%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160707801","media":"Tiger Newspress","summary":"GameStop shares dipped nearly 4% in premarket trading after the videogame retailer disclosed SEC sub","content":"<p>GameStop shares dipped nearly&nbsp;4% in premarket trading&nbsp;after&nbsp;the videogame retailer&nbsp;disclosed SEC subpoena on trading activity, posted bigger-than-expected loss.</p><p><blockquote>游戏驿站股价在盘前交易中下跌近4%，此前这家视频游戏零售商披露了SEC对交易活动的传票，并公布了超出预期的亏损。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d51c3879b085d94d1e726745bc45953a\" tg-width=\"851\" tg-height=\"616\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Video game retailer GameStop Corp&nbsp;said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.</p><p><blockquote>视频游戏零售商游戏驿站公司表示，早在8月份就收到了美国证券监管机构的传票，要求其提供有关其股票交易活动调查的文件，同时报告季度亏损超出预期。</blockquote></p><p> GameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.</p><p><blockquote>游戏驿站是今年迷因股票狂潮中备受瞩目的公司之一，这场狂潮由日内交易者引领，并由Reddit等社交媒体平台上的聊天推动。</blockquote></p><p> \"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.</p><p><blockquote>游戏驿站在周三的一份监管文件中表示：“我们正在制作文件，并且已经并打算继续就此事与SEC工作人员充分合作。”他补充说，预计调查不会对公司产生不利影响。</blockquote></p><p> On an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.</p><p><blockquote>根据Refinitiv IBES的数据，在调整后的基础上，该公司在截至10月30日的第三季度每股亏损1.39美元，而预计每股亏损0.52美元。</blockquote></p><p> GameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.</p><p><blockquote>游戏驿站的商业模式甚至在大流行爆发之前就已经受到影响，并受到COVID-19封锁的进一步影响，该公司关闭了数百家实体店。</blockquote></p><p> The company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.</p><p><blockquote>此后，该公司试图利用疫情推动的在线购物需求，尝试在网上销售其游戏机和游戏。</blockquote></p><p> GameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.</p><p><blockquote>游戏驿站的整体营收升至13亿美元，超出预期的11.9亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop shares dipped nearly 4% in premarket trading<blockquote>游戏驿站股价在盘前交易中下跌近4%</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; 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#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 dipped nearly 4% in premarket trading<blockquote>游戏驿站股价在盘前交易中下跌近4%</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\">2021-12-09 18:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>GameStop shares dipped nearly&nbsp;4% in premarket trading&nbsp;after&nbsp;the videogame retailer&nbsp;disclosed SEC subpoena on trading activity, posted bigger-than-expected loss.</p><p><blockquote>游戏驿站股价在盘前交易中下跌近4%，此前这家视频游戏零售商披露了SEC对交易活动的传票，并公布了超出预期的亏损。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d51c3879b085d94d1e726745bc45953a\" tg-width=\"851\" tg-height=\"616\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Video game retailer GameStop Corp&nbsp;said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.</p><p><blockquote>视频游戏零售商游戏驿站公司表示，早在8月份就收到了美国证券监管机构的传票，要求其提供有关其股票交易活动调查的文件，同时报告季度亏损超出预期。</blockquote></p><p> GameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.</p><p><blockquote>游戏驿站是今年迷因股票狂潮中备受瞩目的公司之一，这场狂潮由日内交易者引领，并由Reddit等社交媒体平台上的聊天推动。</blockquote></p><p> \"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.</p><p><blockquote>游戏驿站在周三的一份监管文件中表示：“我们正在制作文件，并且已经并打算继续就此事与SEC工作人员充分合作。”他补充说，预计调查不会对公司产生不利影响。</blockquote></p><p> On an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.</p><p><blockquote>根据Refinitiv IBES的数据，在调整后的基础上，该公司在截至10月30日的第三季度每股亏损1.39美元，而预计每股亏损0.52美元。</blockquote></p><p> GameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.</p><p><blockquote>游戏驿站的商业模式甚至在大流行爆发之前就已经受到影响，并受到COVID-19封锁的进一步影响，该公司关闭了数百家实体店。</blockquote></p><p> The company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.</p><p><blockquote>此后，该公司试图利用疫情推动的在线购物需求，尝试在网上销售其游戏机和游戏。</blockquote></p><p> GameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.</p><p><blockquote>游戏驿站的整体营收升至13亿美元，超出预期的11.9亿美元。</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":"1160707801","content_text":"GameStop shares dipped nearly 4% in premarket trading after the videogame retailer disclosed SEC subpoena on trading activity, posted bigger-than-expected loss.\n\nVideo game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.\nGameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.\n\"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.\nOn an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.\nGameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.\nThe company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.\nGameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606552004,"gmtCreate":1638901824549,"gmtModify":1638901824802,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"GME to the moon, the one and only short squeeze 🚀","listText":"GME to the moon, the one and only short squeeze 🚀","text":"GME to the moon, the one and only short squeeze 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606552004","repostId":"1106769279","repostType":2,"repost":{"id":"1106769279","kind":"news","pubTimestamp":1638845029,"share":"https://www.laohu8.com/m/news/1106769279?lang=zh_CN&edition=full","pubTime":"2021-12-07 10:43","market":"us","language":"en","title":"'Meme Stock' Crash Teaches Speculators $47.3 Billion Lesson<blockquote>“模因股票”崩盘给投机者带来了473亿美元的教训</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106769279","media":"Investors","summary":"The meme stock rally was fun while it lasted. But it's handing out an expensive lesson now that it's","content":"<p>The meme stock rally was&nbsp;fun while it lasted. But it's handing out an expensive lesson now that it's falling apart more than the S&amp;P 500 for now.</p><p><blockquote>迷因股票的反弹在持续期间很有趣。但它现在正在给出一个代价高昂的教训，因为它目前比标普500更崩溃。</blockquote></p><p> A nearly monthlong slide in stocks is mercilessly pounding online Reddit traders' favorites, like&nbsp;<b>AMC Entertainment</b>(AMC),<b>GameStop</b>(GME),<b>Peloton Interactive</b>(PTON) and the Donald Trump affiliated&nbsp;<b>Digital World Acquisition</b>(DWAC). Those are among the hardest hit, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence and&nbsp;Market&nbsp;Smith. The analysis looks at the 25 most-popular stocks with meme traders plus those most highly shorted&nbsp;compiled by Solactivefor the upcoming Solactive Roundhill Meme Stock ETF.</p><p><blockquote>近一个月的股市下跌无情地打击了在线Reddit交易者的最爱，比如<b>AMC院线</b>（AMC），<b>游戏驿站</b>（GME），<b>Peloton互动</b>(PTON)和唐纳德·特朗普附属机构<b>数字世界收购</b>（DWAC）。《投资者商业日报》对标准普尔全球市场情报和Market Smith数据的分析称，这些是受打击最严重的国家之一。该分析着眼于Solactive为即将推出的Solactive Roundhill Meme Stock ETF编制的25只最受meme交易者欢迎的股票以及最严重做空的股票。</blockquote></p><p> Some of the pain is brutal. And it continued on Monday. EV maker&nbsp;<b>Lucid</b>(LCID), one of the only meme stocks still up in the past month,dropped more than 8% Monday&nbsp;on regulatory concerns.</p><p><blockquote>有些痛苦是残酷的。周一还在继续。电动汽车制造商<b>清醒的</b>(LCID)是过去一个月仅有的仍在上涨的meme股票之一，由于监管担忧，周一下跌超过8%。</blockquote></p><p> These 25 stocks, on average, are down 23% in just a month. And that adds up to a painful $47.3 billion loss on them in just four weeks. In comparison,the S&amp;P 500 is under pressure, too, but it's only down 2.3% in a month. It's the first time many of the speculators playing these risky stocks,many with no fundamentals, have seen losses.</p><p><blockquote>这25只股票在短短一个月内平均下跌了23%。这使得他们在短短四周内损失了473亿美元。相比之下，标普500也面临压力，但一个月内仅下跌2.3%。这是许多投资这些风险股票的投机者第一次出现亏损，其中许多人没有基本面。</blockquote></p><p> \"We have many investors who don't have real depth and experience in the markets right now and, using the analogy of going to a casino, the worst thing that can happen is that the first time you go, you win big,\" said Eben Burr, president of $2.2 billion in assets advisory Toews. \"Then you keep going back and may get reckless — you're not as skilled as you believe and the house eventually wins. Meme stocks have to be seen as a very speculative move.\"</p><p><blockquote>“我们现在有很多投资者在市场上没有真正的深度和经验，用去赌场的比喻来说，可能发生的最糟糕的事情就是你第一次去就赢了大钱，”埃本·伯尔(Eben Burr)说道，资产咨询公司Toews的总裁。“然后你继续回去，可能会变得鲁莽——你并不像你想象的那么熟练，最终众议院会获胜。模因股票必须被视为一种非常投机性的举动。”</blockquote></p><p> <h4>Assessing Brutal Meme Stock Damage</h4> Meme stock pain is reaching levels their fans haven't seen before.</p><p><blockquote><h4>评估残酷的模因库存损失</h4>迷因股票的痛苦正在达到他们的粉丝从未见过的水平。</blockquote></p><p> A custom market-cap weighted index of the 25 stocks topped out on Jan. 27. And since then it has collapsed more than 26%. Much of that pain has happened in just the last four weeks, with the index dropping more than 14% in that time.</p><p><blockquote>由25只股票组成的定制市值加权指数于1月27日见顶。自那以来，它已经下跌了26%以上。这种痛苦大部分发生在过去四周内，该指数在此期间下跌了14%以上。</blockquote></p><p> Some of the individual stocks have done much more poorly.Peloton is among the worst of them all,plunging 24% in just a month and falling 70% from the time meme stocks peaked. That loss alone cost investors nearly $3 billion in just a month.</p><p><blockquote>一些个股的表现要差得多。Peloton是其中表现最差的股票之一，短短一个月内暴跌24%，较meme股票见顶时下跌70%。仅这一损失一个月就让投资者损失了近30亿美元。</blockquote></p><p> GameStop, too, is gobbling up speculators' quarters fast.The original meme stock&nbsp;is down 21% in a month, sucking more than $3.4 billion out of investors' portfolios. And it lost more than half its value from the meme stock high.</p><p><blockquote>游戏驿站也在迅速吞噬投机者的季度。最初的meme股票在一个月内下跌了21%，从投资者的投资组合中吸走了超过34亿美元。它的价值从模因股票高点下跌了一半以上。</blockquote></p><p> And Digital World Acquisition wasn't trading yet in January when meme stocks peaked. But it's already lost roughly a quarter of its value in just a month.</p><p><blockquote>一月份meme股票见顶时，Digital World Acquisition尚未进行交易。但它在短短一个月内就已经损失了大约四分之一的价值。</blockquote></p><p> <h4>What's Next For Meme Stocks Vs. The S&amp;P 500?</h4> Fans of meme stocks might point out they're still up for the year. That's true. But they're lagging the S&amp;P 500 now.</p><p><blockquote><h4>迷因股票与迷因股票的下一步走势是什么？标普500？</h4>迷因股票的粉丝可能会指出，它们今年仍在上涨。那是真的。但他们现在落后于标普500。</blockquote></p><p> Take&nbsp;theater chain AMC Entertainment. It's still up huge for the year and it's even up 45% from the meme peak. But in just one month shares are down more than 28% to 29.01. That's much worse than the S&amp;P 500's 2.3% drop in that time.</p><p><blockquote>以连锁影院AMC院线为例。今年它仍然大幅上涨，甚至比meme峰值上涨了45%。但短短一个月内，股价下跌超过28%，至29.01点。这比标普500当时2.3%的跌幅要糟糕得多。</blockquote></p><p> And that's the point. Meme stocks are now lagging the market, even if you include gains from the start of the year. The index of the 25 meme stocks is now up just 6.7% for the year. Had you just bought the S&amp;P 500, you'd be up much more than that — 22%. And that doesn't even include the S&amp;P 500's 1.4% dividend yield. Investors generally do much better by&nbsp;following sound investing rules.</p><p><blockquote>这才是重点。即使算上年初以来的涨幅，模因股票现在也落后于市场。25只meme股票的指数今年仅上涨了6.7%。如果您刚刚购买了标普500，您的涨幅会远不止于此——22%。这还不包括标普500 1.4%的股息收益率。投资者通常通过遵循合理的投资规则会做得更好。</blockquote></p><p> Now that's a tough lesson to take.</p><p><blockquote>这是一个艰难的教训。</blockquote></p><p></p>","source":"lsy1610449120050","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>'Meme Stock' Crash Teaches Speculators $47.3 Billion Lesson<blockquote>“模因股票”崩盘给投机者带来了473亿美元的教训</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\">\n'Meme Stock' Crash Teaches Speculators $47.3 Billion Lesson<blockquote>“模因股票”崩盘给投机者带来了473亿美元的教训</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-12-07 10:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The meme stock rally was&nbsp;fun while it lasted. But it's handing out an expensive lesson now that it's falling apart more than the S&amp;P 500 for now.</p><p><blockquote>迷因股票的反弹在持续期间很有趣。但它现在正在给出一个代价高昂的教训，因为它目前比标普500更崩溃。</blockquote></p><p> A nearly monthlong slide in stocks is mercilessly pounding online Reddit traders' favorites, like&nbsp;<b>AMC Entertainment</b>(AMC),<b>GameStop</b>(GME),<b>Peloton Interactive</b>(PTON) and the Donald Trump affiliated&nbsp;<b>Digital World Acquisition</b>(DWAC). Those are among the hardest hit, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence and&nbsp;Market&nbsp;Smith. The analysis looks at the 25 most-popular stocks with meme traders plus those most highly shorted&nbsp;compiled by Solactivefor the upcoming Solactive Roundhill Meme Stock ETF.</p><p><blockquote>近一个月的股市下跌无情地打击了在线Reddit交易者的最爱，比如<b>AMC院线</b>（AMC），<b>游戏驿站</b>（GME），<b>Peloton互动</b>(PTON)和唐纳德·特朗普附属机构<b>数字世界收购</b>（DWAC）。《投资者商业日报》对标准普尔全球市场情报和Market Smith数据的分析称，这些是受打击最严重的国家之一。该分析着眼于Solactive为即将推出的Solactive Roundhill Meme Stock ETF编制的25只最受meme交易者欢迎的股票以及最严重做空的股票。</blockquote></p><p> Some of the pain is brutal. And it continued on Monday. EV maker&nbsp;<b>Lucid</b>(LCID), one of the only meme stocks still up in the past month,dropped more than 8% Monday&nbsp;on regulatory concerns.</p><p><blockquote>有些痛苦是残酷的。周一还在继续。电动汽车制造商<b>清醒的</b>(LCID)是过去一个月仅有的仍在上涨的meme股票之一，由于监管担忧，周一下跌超过8%。</blockquote></p><p> These 25 stocks, on average, are down 23% in just a month. And that adds up to a painful $47.3 billion loss on them in just four weeks. In comparison,the S&amp;P 500 is under pressure, too, but it's only down 2.3% in a month. It's the first time many of the speculators playing these risky stocks,many with no fundamentals, have seen losses.</p><p><blockquote>这25只股票在短短一个月内平均下跌了23%。这使得他们在短短四周内损失了473亿美元。相比之下，标普500也面临压力，但一个月内仅下跌2.3%。这是许多投资这些风险股票的投机者第一次出现亏损，其中许多人没有基本面。</blockquote></p><p> \"We have many investors who don't have real depth and experience in the markets right now and, using the analogy of going to a casino, the worst thing that can happen is that the first time you go, you win big,\" said Eben Burr, president of $2.2 billion in assets advisory Toews. \"Then you keep going back and may get reckless — you're not as skilled as you believe and the house eventually wins. Meme stocks have to be seen as a very speculative move.\"</p><p><blockquote>“我们现在有很多投资者在市场上没有真正的深度和经验，用去赌场的比喻来说，可能发生的最糟糕的事情就是你第一次去就赢了大钱，”埃本·伯尔(Eben Burr)说道，资产咨询公司Toews的总裁。“然后你继续回去，可能会变得鲁莽——你并不像你想象的那么熟练，最终众议院会获胜。模因股票必须被视为一种非常投机性的举动。”</blockquote></p><p> <h4>Assessing Brutal Meme Stock Damage</h4> Meme stock pain is reaching levels their fans haven't seen before.</p><p><blockquote><h4>评估残酷的模因库存损失</h4>迷因股票的痛苦正在达到他们的粉丝从未见过的水平。</blockquote></p><p> A custom market-cap weighted index of the 25 stocks topped out on Jan. 27. And since then it has collapsed more than 26%. Much of that pain has happened in just the last four weeks, with the index dropping more than 14% in that time.</p><p><blockquote>由25只股票组成的定制市值加权指数于1月27日见顶。自那以来，它已经下跌了26%以上。这种痛苦大部分发生在过去四周内，该指数在此期间下跌了14%以上。</blockquote></p><p> Some of the individual stocks have done much more poorly.Peloton is among the worst of them all,plunging 24% in just a month and falling 70% from the time meme stocks peaked. That loss alone cost investors nearly $3 billion in just a month.</p><p><blockquote>一些个股的表现要差得多。Peloton是其中表现最差的股票之一，短短一个月内暴跌24%，较meme股票见顶时下跌70%。仅这一损失一个月就让投资者损失了近30亿美元。</blockquote></p><p> GameStop, too, is gobbling up speculators' quarters fast.The original meme stock&nbsp;is down 21% in a month, sucking more than $3.4 billion out of investors' portfolios. And it lost more than half its value from the meme stock high.</p><p><blockquote>游戏驿站也在迅速吞噬投机者的季度。最初的meme股票在一个月内下跌了21%，从投资者的投资组合中吸走了超过34亿美元。它的价值从模因股票高点下跌了一半以上。</blockquote></p><p> And Digital World Acquisition wasn't trading yet in January when meme stocks peaked. But it's already lost roughly a quarter of its value in just a month.</p><p><blockquote>一月份meme股票见顶时，Digital World Acquisition尚未进行交易。但它在短短一个月内就已经损失了大约四分之一的价值。</blockquote></p><p> <h4>What's Next For Meme Stocks Vs. The S&amp;P 500?</h4> Fans of meme stocks might point out they're still up for the year. That's true. But they're lagging the S&amp;P 500 now.</p><p><blockquote><h4>迷因股票与迷因股票的下一步走势是什么？标普500？</h4>迷因股票的粉丝可能会指出，它们今年仍在上涨。那是真的。但他们现在落后于标普500。</blockquote></p><p> Take&nbsp;theater chain AMC Entertainment. It's still up huge for the year and it's even up 45% from the meme peak. But in just one month shares are down more than 28% to 29.01. That's much worse than the S&amp;P 500's 2.3% drop in that time.</p><p><blockquote>以连锁影院AMC院线为例。今年它仍然大幅上涨，甚至比meme峰值上涨了45%。但短短一个月内，股价下跌超过28%，至29.01点。这比标普500当时2.3%的跌幅要糟糕得多。</blockquote></p><p> And that's the point. Meme stocks are now lagging the market, even if you include gains from the start of the year. The index of the 25 meme stocks is now up just 6.7% for the year. Had you just bought the S&amp;P 500, you'd be up much more than that — 22%. And that doesn't even include the S&amp;P 500's 1.4% dividend yield. Investors generally do much better by&nbsp;following sound investing rules.</p><p><blockquote>这才是重点。即使算上年初以来的涨幅，模因股票现在也落后于市场。25只meme股票的指数今年仅上涨了6.7%。如果您刚刚购买了标普500，您的涨幅会远不止于此——22%。这还不包括标普500 1.4%的股息收益率。投资者通常通过遵循合理的投资规则会做得更好。</blockquote></p><p> Now that's a tough lesson to take.</p><p><blockquote>这是一个艰难的教训。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/etfs-and-funds/sectors/sp500-meme-stock-crash-costs-speculators-48-9-billion/?src=A00220\">Investors</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":{"AMC":"AMC院线","LCID":"Lucid Group Inc","PTON":"Peloton Interactive, Inc.","GME":"游戏驿站"},"source_url":"https://www.investors.com/etfs-and-funds/sectors/sp500-meme-stock-crash-costs-speculators-48-9-billion/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106769279","content_text":"The meme stock rally was fun while it lasted. But it's handing out an expensive lesson now that it's falling apart more than the S&P 500 for now.\nA nearly monthlong slide in stocks is mercilessly pounding online Reddit traders' favorites, like AMC Entertainment(AMC),GameStop(GME),Peloton Interactive(PTON) and the Donald Trump affiliated Digital World Acquisition(DWAC). Those are among the hardest hit, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and Market Smith. The analysis looks at the 25 most-popular stocks with meme traders plus those most highly shorted compiled by Solactivefor the upcoming Solactive Roundhill Meme Stock ETF.\nSome of the pain is brutal. And it continued on Monday. EV maker Lucid(LCID), one of the only meme stocks still up in the past month,dropped more than 8% Monday on regulatory concerns.\nThese 25 stocks, on average, are down 23% in just a month. And that adds up to a painful $47.3 billion loss on them in just four weeks. In comparison,the S&P 500 is under pressure, too, but it's only down 2.3% in a month. It's the first time many of the speculators playing these risky stocks,many with no fundamentals, have seen losses.\n\"We have many investors who don't have real depth and experience in the markets right now and, using the analogy of going to a casino, the worst thing that can happen is that the first time you go, you win big,\" said Eben Burr, president of $2.2 billion in assets advisory Toews. \"Then you keep going back and may get reckless — you're not as skilled as you believe and the house eventually wins. Meme stocks have to be seen as a very speculative move.\"\nAssessing Brutal Meme Stock Damage\nMeme stock pain is reaching levels their fans haven't seen before.\nA custom market-cap weighted index of the 25 stocks topped out on Jan. 27. And since then it has collapsed more than 26%. Much of that pain has happened in just the last four weeks, with the index dropping more than 14% in that time.\nSome of the individual stocks have done much more poorly.Peloton is among the worst of them all,plunging 24% in just a month and falling 70% from the time meme stocks peaked. That loss alone cost investors nearly $3 billion in just a month.\nGameStop, too, is gobbling up speculators' quarters fast.The original meme stock is down 21% in a month, sucking more than $3.4 billion out of investors' portfolios. And it lost more than half its value from the meme stock high.\nAnd Digital World Acquisition wasn't trading yet in January when meme stocks peaked. But it's already lost roughly a quarter of its value in just a month.\nWhat's Next For Meme Stocks Vs. The S&P 500?\nFans of meme stocks might point out they're still up for the year. That's true. But they're lagging the S&P 500 now.\nTake theater chain AMC Entertainment. It's still up huge for the year and it's even up 45% from the meme peak. But in just one month shares are down more than 28% to 29.01. That's much worse than the S&P 500's 2.3% drop in that time.\nAnd that's the point. Meme stocks are now lagging the market, even if you include gains from the start of the year. The index of the 25 meme stocks is now up just 6.7% for the year. Had you just bought the S&P 500, you'd be up much more than that — 22%. And that doesn't even include the S&P 500's 1.4% dividend yield. Investors generally do much better by following sound investing rules.\nNow that's a tough lesson to take.","news_type":1,"symbols_score_info":{"LCID":0.9,"GME":0.9,"DWAC":0.9,"PTON":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878786718,"gmtCreate":1637233550462,"gmtModify":1637233550619,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"GME to the moon🚀🌕","listText":"GME to the moon🚀🌕","text":"GME to the moon🚀🌕","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/878786718","repostId":"1120617526","repostType":2,"isVote":1,"tweetType":1,"viewCount":3102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870453721,"gmtCreate":1636643423250,"gmtModify":1636643538542,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Another great recession is coming soon","listText":"Another great recession is coming soon","text":"Another great recession is coming soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/870453721","repostId":"2182106301","repostType":2,"isVote":1,"tweetType":1,"viewCount":2058,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847234261,"gmtCreate":1636522307318,"gmtModify":1636522865511,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"If GME and AMC is enough with a few hundred thousand investors are enough to cause the economy to collapse, there was something wrong with the economy in the first place. 🚀","listText":"If GME and AMC is enough with a few hundred thousand investors are enough to cause the economy to collapse, there was something wrong with the economy in the first place. 🚀","text":"If GME and AMC is enough with a few hundred thousand investors are enough to cause the economy to collapse, there was something wrong with the economy in the first place. 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847234261","repostId":"1156695981","repostType":2,"repost":{"id":"1156695981","kind":"news","pubTimestamp":1636514367,"share":"https://www.laohu8.com/m/news/1156695981?lang=zh_CN&edition=full","pubTime":"2021-11-10 11:19","market":"us","language":"en","title":"The Fed thinks meme stocks threaten the financial structure<blockquote>美联储认为模因股票威胁金融结构</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156695981","media":"Marketwatch","summary":"After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat th","content":"<p>After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat the recent and unprecedented volatility in meme stocks like GameStop&nbsp;and AMC Entertainment&nbsp;are creating pockets of risk inside markets that could create real problems for the entire U.S. financial system.</p><p><blockquote>经过一些详细研究后，美联储周一表示，它开始担心游戏驿站和AMC院线等模因股票最近前所未有的波动正在市场内制造风险，可能会给整个美国金融体系带来真正的问题。</blockquote></p><p> On Tuesday, many of the self-professed “Apes” who created that volatility reacted to the Fed’s concern about meme stocks in a way best represented by, well, a meme:</p><p><blockquote>周二，许多自称制造波动的“猿类”对美联储对模因股票的担忧做出了反应，模因最能代表这一点：</blockquote></p><p> Based on actual textfrom the Fed’s most recent financial stability report, zero-commission trading apps and investors using social media to coordinate their trades have created a weaponized “echo chamber in which retail investors find themselves communicating most frequently with others with similar interests and views.”</p><p><blockquote>根据美联储最新金融稳定报告的实际文本，零佣金交易应用程序和使用社交媒体协调交易的投资者创造了一个武器化的“回音室”，散户投资者发现自己最频繁地与具有相似兴趣和观点的其他人进行交流。”</blockquote></p><p> In turn, the report found, those like-minded investors create huge waves of volatility and risk that could create real issues for the markets and the financial system in a downturn, especially with so many of these mostly younger retail investors exposing themselves to massive losses using leverage and options to execute their trades.</p><p><blockquote>报告发现，反过来，那些志同道合的投资者制造了巨大的波动和风险，可能会在经济低迷时期给市场和金融体系带来真正的问题，特别是在许多年轻散户投资者面临巨大损失的情况下。使用杠杆和期权执行交易。</blockquote></p><p> But that risk also can be felt elsewhere. Fed Gov. Lael Brainard wrote in a statement accompanying the report that it has already been seen inthe Archegos Capital Management meltdownsaga and could spread.</p><p><blockquote>但这种风险也可以在其他地方感受到。美联储理事莱尔·布雷纳德(Lael Brainard)在报告附带的一份声明中写道，这种情况已经在Archegos Capital Management的崩溃传奇中出现，并且可能会蔓延。</blockquote></p><p> “It highlights the potential for nonbank financial institutions such as hedge funds and other leveraged investors to generate large losses in the financial system,” Brainard wrote on Monday.</p><p><blockquote>布雷纳德周一写道：“这凸显了对冲基金和其他杠杆投资者等非银行金融机构在金融体系中造成巨额损失的可能性。”</blockquote></p><p> But while that warning — whichwasn’t Brainard’s first timeringing the alarm on the topic — might have been of concern for Wall Street, retail investors were unshaken.</p><p><blockquote>不过，尽管这一警告——这并不是布雷纳德第一次就这个话题发出警报——可能会引起华尔街的担忧，但散户投资者并没有动摇。</blockquote></p><p> Instead, many retail investors on social media spent Tuesday telling the Fed that using stocks to upend the existing structure of the financial system, by making hedge funds bleed, has been one of their goals all along, using the volatility to reveal what they see as widespread corruption.</p><p><blockquote>相反，社交媒体上的许多散户投资者周二告诉美联储，利用股票通过让对冲基金流血来颠覆金融体系的现有结构，一直是他们的目标之一，利用波动性来揭示他们所看到的普遍腐败。</blockquote></p><p> After all, it’s been no secret that Reddit’s Apes would like nothing more than to see hedge funds crippled by their own actions. Many individuals also expect the end result of that destruction to be a fairer system in which the little guy can thrive.</p><p><blockquote>毕竟，众所周知，Reddit的猿类最希望看到对冲基金因自己的行为而瘫痪。许多人还期望这种破坏的最终结果是一个更公平的系统，在这个系统中，小人物可以茁壮成长。</blockquote></p><p> “How is it that the ultra rich can basically GAMBLE in the stock market with over-leveraged positions, Dark Pools, insider information, etc. for YEARS and there is nothing to worry about,” read one very popular post on subreddit r/Superstonk.</p><p><blockquote>subreddit r/Superstonk上的一篇非常受欢迎的帖子写道：“为什么超级富豪基本上可以用过度杠杆头寸、暗池、内幕信息等在股市上赌博多年，没有什么可担心的。”</blockquote></p><p> “Yeah, these are pretty big words coming from an entity that printed 33% of money into existence in a year and then claimed that it wouldn’t lead to long term inflation,” opined user doned_mest_up. “They don’t quite yield the power over the economy that Reddit does, I suppose.”</p><p><blockquote>用户doned_mest_up表示：“是的，对于一个在一年内印刷了33%的货币，然后声称这不会导致长期通货膨胀的实体来说，这是相当大的言论。”“我想，它们并没有像Reddit那样对经济产生影响力。”</blockquote></p><p> But regardless of how Redditors or other retail investors feel, it is worth noting that Brainard’s involvement in the report should not be taken lightly. It has been recently reported thatshe has interviewed for the top job at the Fedand her chairmanship could include a much closer look at retail trading than Chairman Jerome Powell’s has so far.</p><p><blockquote>但无论Redditors或其他散户投资者的感受如何，值得注意的是，布雷纳德在报告中的参与不应掉以轻心。最近有报道称，她已经参加了美联储最高职位的面试，她的主席任期可能会比主席杰罗姆·鲍威尔迄今为止更密切地关注零售交易。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed thinks meme stocks threaten the financial structure<blockquote>美联储认为模因股票威胁金融结构</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed thinks meme stocks threaten the financial structure<blockquote>美联储认为模因股票威胁金融结构</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-10 11:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat the recent and unprecedented volatility in meme stocks like GameStop&nbsp;and AMC Entertainment&nbsp;are creating pockets of risk inside markets that could create real problems for the entire U.S. financial system.</p><p><blockquote>经过一些详细研究后，美联储周一表示，它开始担心游戏驿站和AMC院线等模因股票最近前所未有的波动正在市场内制造风险，可能会给整个美国金融体系带来真正的问题。</blockquote></p><p> On Tuesday, many of the self-professed “Apes” who created that volatility reacted to the Fed’s concern about meme stocks in a way best represented by, well, a meme:</p><p><blockquote>周二，许多自称制造波动的“猿类”对美联储对模因股票的担忧做出了反应，模因最能代表这一点：</blockquote></p><p> Based on actual textfrom the Fed’s most recent financial stability report, zero-commission trading apps and investors using social media to coordinate their trades have created a weaponized “echo chamber in which retail investors find themselves communicating most frequently with others with similar interests and views.”</p><p><blockquote>根据美联储最新金融稳定报告的实际文本，零佣金交易应用程序和使用社交媒体协调交易的投资者创造了一个武器化的“回音室”，散户投资者发现自己最频繁地与具有相似兴趣和观点的其他人进行交流。”</blockquote></p><p> In turn, the report found, those like-minded investors create huge waves of volatility and risk that could create real issues for the markets and the financial system in a downturn, especially with so many of these mostly younger retail investors exposing themselves to massive losses using leverage and options to execute their trades.</p><p><blockquote>报告发现，反过来，那些志同道合的投资者制造了巨大的波动和风险，可能会在经济低迷时期给市场和金融体系带来真正的问题，特别是在许多年轻散户投资者面临巨大损失的情况下。使用杠杆和期权执行交易。</blockquote></p><p> But that risk also can be felt elsewhere. Fed Gov. Lael Brainard wrote in a statement accompanying the report that it has already been seen inthe Archegos Capital Management meltdownsaga and could spread.</p><p><blockquote>但这种风险也可以在其他地方感受到。美联储理事莱尔·布雷纳德(Lael Brainard)在报告附带的一份声明中写道，这种情况已经在Archegos Capital Management的崩溃传奇中出现，并且可能会蔓延。</blockquote></p><p> “It highlights the potential for nonbank financial institutions such as hedge funds and other leveraged investors to generate large losses in the financial system,” Brainard wrote on Monday.</p><p><blockquote>布雷纳德周一写道：“这凸显了对冲基金和其他杠杆投资者等非银行金融机构在金融体系中造成巨额损失的可能性。”</blockquote></p><p> But while that warning — whichwasn’t Brainard’s first timeringing the alarm on the topic — might have been of concern for Wall Street, retail investors were unshaken.</p><p><blockquote>不过，尽管这一警告——这并不是布雷纳德第一次就这个话题发出警报——可能会引起华尔街的担忧，但散户投资者并没有动摇。</blockquote></p><p> Instead, many retail investors on social media spent Tuesday telling the Fed that using stocks to upend the existing structure of the financial system, by making hedge funds bleed, has been one of their goals all along, using the volatility to reveal what they see as widespread corruption.</p><p><blockquote>相反，社交媒体上的许多散户投资者周二告诉美联储，利用股票通过让对冲基金流血来颠覆金融体系的现有结构，一直是他们的目标之一，利用波动性来揭示他们所看到的普遍腐败。</blockquote></p><p> After all, it’s been no secret that Reddit’s Apes would like nothing more than to see hedge funds crippled by their own actions. Many individuals also expect the end result of that destruction to be a fairer system in which the little guy can thrive.</p><p><blockquote>毕竟，众所周知，Reddit的猿类最希望看到对冲基金因自己的行为而瘫痪。许多人还期望这种破坏的最终结果是一个更公平的系统，在这个系统中，小人物可以茁壮成长。</blockquote></p><p> “How is it that the ultra rich can basically GAMBLE in the stock market with over-leveraged positions, Dark Pools, insider information, etc. for YEARS and there is nothing to worry about,” read one very popular post on subreddit r/Superstonk.</p><p><blockquote>subreddit r/Superstonk上的一篇非常受欢迎的帖子写道：“为什么超级富豪基本上可以用过度杠杆头寸、暗池、内幕信息等在股市上赌博多年，没有什么可担心的。”</blockquote></p><p> “Yeah, these are pretty big words coming from an entity that printed 33% of money into existence in a year and then claimed that it wouldn’t lead to long term inflation,” opined user doned_mest_up. “They don’t quite yield the power over the economy that Reddit does, I suppose.”</p><p><blockquote>用户doned_mest_up表示：“是的，对于一个在一年内印刷了33%的货币，然后声称这不会导致长期通货膨胀的实体来说，这是相当大的言论。”“我想，它们并没有像Reddit那样对经济产生影响力。”</blockquote></p><p> But regardless of how Redditors or other retail investors feel, it is worth noting that Brainard’s involvement in the report should not be taken lightly. It has been recently reported thatshe has interviewed for the top job at the Fedand her chairmanship could include a much closer look at retail trading than Chairman Jerome Powell’s has so far.</p><p><blockquote>但无论Redditors或其他散户投资者的感受如何，值得注意的是，布雷纳德在报告中的参与不应掉以轻心。最近有报道称，她已经参加了美联储最高职位的面试，她的主席任期可能会比主席杰罗姆·鲍威尔迄今为止更密切地关注零售交易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-fed-thinks-meme-stocks-threaten-the-financial-structure-retail-investors-say-thats-kind-of-the-point-11636498740?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.marketwatch.com/story/the-fed-thinks-meme-stocks-threaten-the-financial-structure-retail-investors-say-thats-kind-of-the-point-11636498740?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156695981","content_text":"After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat the recent and unprecedented volatility in meme stocks like GameStop and AMC Entertainment are creating pockets of risk inside markets that could create real problems for the entire U.S. financial system.\nOn Tuesday, many of the self-professed “Apes” who created that volatility reacted to the Fed’s concern about meme stocks in a way best represented by, well, a meme:\nBased on actual textfrom the Fed’s most recent financial stability report, zero-commission trading apps and investors using social media to coordinate their trades have created a weaponized “echo chamber in which retail investors find themselves communicating most frequently with others with similar interests and views.”\nIn turn, the report found, those like-minded investors create huge waves of volatility and risk that could create real issues for the markets and the financial system in a downturn, especially with so many of these mostly younger retail investors exposing themselves to massive losses using leverage and options to execute their trades.\nBut that risk also can be felt elsewhere. Fed Gov. Lael Brainard wrote in a statement accompanying the report that it has already been seen inthe Archegos Capital Management meltdownsaga and could spread.\n“It highlights the potential for nonbank financial institutions such as hedge funds and other leveraged investors to generate large losses in the financial system,” Brainard wrote on Monday.\nBut while that warning — whichwasn’t Brainard’s first timeringing the alarm on the topic — might have been of concern for Wall Street, retail investors were unshaken.\nInstead, many retail investors on social media spent Tuesday telling the Fed that using stocks to upend the existing structure of the financial system, by making hedge funds bleed, has been one of their goals all along, using the volatility to reveal what they see as widespread corruption.\nAfter all, it’s been no secret that Reddit’s Apes would like nothing more than to see hedge funds crippled by their own actions. Many individuals also expect the end result of that destruction to be a fairer system in which the little guy can thrive.\n“How is it that the ultra rich can basically GAMBLE in the stock market with over-leveraged positions, Dark Pools, insider information, etc. for YEARS and there is nothing to worry about,” read one very popular post on subreddit r/Superstonk.\n“Yeah, these are pretty big words coming from an entity that printed 33% of money into existence in a year and then claimed that it wouldn’t lead to long term inflation,” opined user doned_mest_up. “They don’t quite yield the power over the economy that Reddit does, I suppose.”\nBut regardless of how Redditors or other retail investors feel, it is worth noting that Brainard’s involvement in the report should not be taken lightly. It has been recently reported thatshe has interviewed for the top job at the Fedand her chairmanship could include a much closer look at retail trading than Chairman Jerome Powell’s has so far.","news_type":1,"symbols_score_info":{"GME":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844267961,"gmtCreate":1636432329926,"gmtModify":1636432330330,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"GME to the moon🚀MOASS is coming to expose the faults in the US economy","listText":"GME to the moon🚀MOASS is coming to expose the faults in the US economy","text":"GME to the moon🚀MOASS is coming to expose the faults in the US economy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844267961","repostId":"1104683977","repostType":2,"repost":{"id":"1104683977","kind":"news","pubTimestamp":1636418694,"share":"https://www.laohu8.com/m/news/1104683977?lang=zh_CN&edition=full","pubTime":"2021-11-09 08:44","market":"sh","language":"en","title":"Short squeezes are pushing these stocks to the moon<blockquote>轧空正在将这些股票推向月球</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104683977","media":"CNN","summary":"New York (CNN Business)The individual investor army on Reddit that helped push GameStop and AMC to u","content":"<p><a href=\"https://laohu8.com/S/NWY\">New York</a> (CNN Business)The individual investor army on Reddit that helped push <a href=\"https://laohu8.com/S/GME\">GameStop</a> and AMC to unprecedented heights earlier this year has found some more companies to rally around.</p><p><blockquote><a href=\"https://laohu8.com/S/NWY\">纽约</a>（CNN商业）Reddit上的个人投资者大军帮助推动了<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>今年早些时候，AMC达到了前所未有的高度，并找到了更多公司的支持。</blockquote></p><p> Several stocks that have enjoyed extraordinary pops lately, such as <a href=\"https://laohu8.com/S/CAR\">Avis Budget</a> (<a href=\"https://laohu8.com/S/00699\">CAR</a>) and Bed Bath &amp; Beyond (BBBY), have become so-called meme stocks that many professional investors have bet against ... and have gotten burned for because of what's known as a short squeeze.</p><p><blockquote>最近表现出色的几只股票，例如<a href=\"https://laohu8.com/S/CAR\">预算意见</a>(<a href=\"https://laohu8.com/S/00699\">车</a>）和Bed Bath&amp;Beyond(BBBY)已成为许多专业投资者做空的所谓模因股票……并因为所谓的空头挤压而被烧伤。</blockquote></p><p> Avis Budget reported solid earnings last week. But the strength of the stock's 108% surge the day after reporting results surprised many. Shares were up as much as 218% at <a href=\"https://laohu8.com/S/AONE.U\">one</a> point.</p><p><blockquote>Avis Budget上周公布了稳健的收益。但该股在公布业绩后第二天飙升108%，令许多人感到惊讶。股价上涨218%<a href=\"https://laohu8.com/S/AONE.U\">一</a>点。</blockquote></p><p> Bed Bath and Beyond skyrocketed nearly 50% in a matter of a few days last week after announcing a partnership to sell some of its products at grocery store chain <a href=\"https://laohu8.com/S/KR\">Kroger</a> (KR).</p><p><blockquote>Bed Bath and Beyond上周宣布合作在杂货店连锁店销售其部分产品后，股价在几天内飙升了近50%<a href=\"https://laohu8.com/S/KR\">克罗格</a>（KR）。</blockquote></p><p> Both Avis Budget and Bed Bath &amp; Beyond have something in common with AMC (AMC) and GameStop (GME).</p><p><blockquote>Avis Budget和Bed Bath&amp;Beyond都与AMC(AMC)和游戏驿站(GME)有一些共同点。</blockquote></p><p> All of these stocks, along with other meme darlings such as <a href=\"https://laohu8.com/S/BBRY\">BlackBerry</a> (BB), electric van maker <a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> (WKHS) and cannabis company Sundial Growers (SNDL), have been targets of so-called short sellers.</p><p><blockquote>所有这些股票，以及其他迷因宠儿，例如<a href=\"https://laohu8.com/S/BBRY\">黑莓</a>(BB)，电动货车制造商<a href=\"https://laohu8.com/S/WKHS\">老黄牛</a>(WKHS)和大麻公司Sundial Growers(SNDL)一直是所谓卖空者的目标。</blockquote></p><p> More than 20% of the shares of Avis Budget and Bed Bath &amp; Beyond are being held by short sellers, aka shorts.</p><p><blockquote>Avis Budget和Bed Bath&amp;Beyond超过20%的股份由卖空者（又名空头）持有。</blockquote></p><p> Shorts, often big hedge funds and other large institutional firms, will borrow a stock and sell it with the hopes that the price will fall and they can buy it back for less. The short seller then pockets the difference between what they sold at and the repurchase price.</p><p><blockquote>空头，通常是大型对冲基金和其他大型机构公司，会借入股票并出售，希望价格会下跌，然后他们可以以更低的价格回购。然后，卖空者将出售价格与回购价格之间的差额收入囊中。</blockquote></p><p> So say a short sells a borrowed stock when it's trading at $20 and it falls to $10. If the short seller buys the stock back at $10 and returns it to the lender, they make a $10 profit. It's known as covering their short position.</p><p><blockquote>比方说，当一只借来的股票的交易价格为20美元，然后跌至10美元时，卖空者卖出了该股票。如果卖空者以10美元的价格回购股票并将其返还给贷方，他们将获得10美元的利润。这就是所谓的回补空头头寸。</blockquote></p><p> But here's where short sellers can run into trouble. If a stock that's being shorted starts to go up for some reason — such as a good earnings report or news of a strategic partnership — short sellers may be forced to buy back shares en masse or risk incurring massive losses.</p><p><blockquote>但这就是卖空者可能遇到麻烦的地方。如果被做空的股票由于某种原因（例如良好的收益报告或战略合作伙伴关系的消息）开始上涨，卖空者可能会被迫集体回购股票，否则可能会面临遭受巨大损失的风险。</blockquote></p><p> Back to the $20 short seller example, if the company reports good news and the stock goes up to $30, the short seller is looking at a potential $10 loss if they cover at the price. The losses increase as the stock heads higher. If it hits $40, that's a $20 loss, and so on — for every share they've shorted.</p><p><blockquote>回到20美元卖空者的例子，如果公司报告好消息并且股价上涨至30美元，那么卖空者如果按该价格回补，可能会损失10美元。随着股价走高，损失也会增加。如果价格达到40美元，他们每做空一股，就会损失20美元，依此类推。</blockquote></p><p> Plus, short sellers have to eventually return the shares they've borrowed. So if they wait too long to cover the short position, they could face major losses. The so-called apes on Reddit have figured this out.</p><p><blockquote>此外，卖空者最终必须归还他们借入的股票。因此，如果他们等待太久才回补空头头寸，他们可能会面临重大损失。Reddit上所谓的猿类已经明白了这一点。</blockquote></p><p> \"This is what a short squeeze looks like,\" wrote one Reddit user last week about Avis Budget. \"Good (nee, STELLAR) earnings caused sudden and hard upward price movement ... No recourse other than to cover.\"</p><p><blockquote>“这就是轧空的样子，”一位Reddit用户上周在谈到Avis Budget时写道。“良好的（nee，恒星）收益导致价格突然大幅上涨……除了弥补之外没有其他追索权。”</blockquote></p><p> That's why fans of stocks like GameStop, AMC and more recently Avis Budget and Bed Bath &amp; Beyond aggressively call for retail traders to start buying heavily shorted stocks to push them even higher.</p><p><blockquote>这就是为什么游戏驿站、AMC以及最近的Avis Budget和Bed Bath&amp;Beyond等股票的粉丝积极看涨期权，要求散户交易者开始购买严重做空的股票，以推高它们。</blockquote></p><p> They realize that they are inflicting damage on the short sellers by doing so. But that helps push the shares even higher since the short sellers have to start joining the buying frenzy too.</p><p><blockquote>他们意识到这样做是在给卖空者造成损害。但这有助于推高股价，因为卖空者也必须开始加入购买狂潮。</blockquote></p><p> \"Short Squeeze Stocks Season is Back!\" declared one poster on Reddit in a video last week, referring specifically to <a href=\"https://laohu8.com/S/BB\">BlackBerry</a>, Avis Budget, Bed Bath &amp; Beyond, AMC and GameStop.</p><p><blockquote>“逼空股票季节又回来了！”上周在Reddit上的一段视频中宣布了一张海报，特别是指<a href=\"https://laohu8.com/S/BB\">黑莓</a>、Avis Budget、Bed Bath&amp;Beyond、AMC和游戏驿站。</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>Short squeezes are pushing these stocks to the moon<blockquote>轧空正在将这些股票推向月球</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\">\nShort squeezes are pushing these stocks to the moon<blockquote>轧空正在将这些股票推向月球</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-11-09 08:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/NWY\">New York</a> (CNN Business)The individual investor army on Reddit that helped push <a href=\"https://laohu8.com/S/GME\">GameStop</a> and AMC to unprecedented heights earlier this year has found some more companies to rally around.</p><p><blockquote><a href=\"https://laohu8.com/S/NWY\">纽约</a>（CNN商业）Reddit上的个人投资者大军帮助推动了<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>今年早些时候，AMC达到了前所未有的高度，并找到了更多公司的支持。</blockquote></p><p> Several stocks that have enjoyed extraordinary pops lately, such as <a href=\"https://laohu8.com/S/CAR\">Avis Budget</a> (<a href=\"https://laohu8.com/S/00699\">CAR</a>) and Bed Bath &amp; Beyond (BBBY), have become so-called meme stocks that many professional investors have bet against ... and have gotten burned for because of what's known as a short squeeze.</p><p><blockquote>最近表现出色的几只股票，例如<a href=\"https://laohu8.com/S/CAR\">预算意见</a>(<a href=\"https://laohu8.com/S/00699\">车</a>）和Bed Bath&amp;Beyond(BBBY)已成为许多专业投资者做空的所谓模因股票……并因为所谓的空头挤压而被烧伤。</blockquote></p><p> Avis Budget reported solid earnings last week. But the strength of the stock's 108% surge the day after reporting results surprised many. Shares were up as much as 218% at <a href=\"https://laohu8.com/S/AONE.U\">one</a> point.</p><p><blockquote>Avis Budget上周公布了稳健的收益。但该股在公布业绩后第二天飙升108%，令许多人感到惊讶。股价上涨218%<a href=\"https://laohu8.com/S/AONE.U\">一</a>点。</blockquote></p><p> Bed Bath and Beyond skyrocketed nearly 50% in a matter of a few days last week after announcing a partnership to sell some of its products at grocery store chain <a href=\"https://laohu8.com/S/KR\">Kroger</a> (KR).</p><p><blockquote>Bed Bath and Beyond上周宣布合作在杂货店连锁店销售其部分产品后，股价在几天内飙升了近50%<a href=\"https://laohu8.com/S/KR\">克罗格</a>（KR）。</blockquote></p><p> Both Avis Budget and Bed Bath &amp; Beyond have something in common with AMC (AMC) and GameStop (GME).</p><p><blockquote>Avis Budget和Bed Bath&amp;Beyond都与AMC(AMC)和游戏驿站(GME)有一些共同点。</blockquote></p><p> All of these stocks, along with other meme darlings such as <a href=\"https://laohu8.com/S/BBRY\">BlackBerry</a> (BB), electric van maker <a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> (WKHS) and cannabis company Sundial Growers (SNDL), have been targets of so-called short sellers.</p><p><blockquote>所有这些股票，以及其他迷因宠儿，例如<a href=\"https://laohu8.com/S/BBRY\">黑莓</a>(BB)，电动货车制造商<a href=\"https://laohu8.com/S/WKHS\">老黄牛</a>(WKHS)和大麻公司Sundial Growers(SNDL)一直是所谓卖空者的目标。</blockquote></p><p> More than 20% of the shares of Avis Budget and Bed Bath &amp; Beyond are being held by short sellers, aka shorts.</p><p><blockquote>Avis Budget和Bed Bath&amp;Beyond超过20%的股份由卖空者（又名空头）持有。</blockquote></p><p> Shorts, often big hedge funds and other large institutional firms, will borrow a stock and sell it with the hopes that the price will fall and they can buy it back for less. The short seller then pockets the difference between what they sold at and the repurchase price.</p><p><blockquote>空头，通常是大型对冲基金和其他大型机构公司，会借入股票并出售，希望价格会下跌，然后他们可以以更低的价格回购。然后，卖空者将出售价格与回购价格之间的差额收入囊中。</blockquote></p><p> So say a short sells a borrowed stock when it's trading at $20 and it falls to $10. If the short seller buys the stock back at $10 and returns it to the lender, they make a $10 profit. It's known as covering their short position.</p><p><blockquote>比方说，当一只借来的股票的交易价格为20美元，然后跌至10美元时，卖空者卖出了该股票。如果卖空者以10美元的价格回购股票并将其返还给贷方，他们将获得10美元的利润。这就是所谓的回补空头头寸。</blockquote></p><p> But here's where short sellers can run into trouble. If a stock that's being shorted starts to go up for some reason — such as a good earnings report or news of a strategic partnership — short sellers may be forced to buy back shares en masse or risk incurring massive losses.</p><p><blockquote>但这就是卖空者可能遇到麻烦的地方。如果被做空的股票由于某种原因（例如良好的收益报告或战略合作伙伴关系的消息）开始上涨，卖空者可能会被迫集体回购股票，否则可能会面临遭受巨大损失的风险。</blockquote></p><p> Back to the $20 short seller example, if the company reports good news and the stock goes up to $30, the short seller is looking at a potential $10 loss if they cover at the price. The losses increase as the stock heads higher. If it hits $40, that's a $20 loss, and so on — for every share they've shorted.</p><p><blockquote>回到20美元卖空者的例子，如果公司报告好消息并且股价上涨至30美元，那么卖空者如果按该价格回补，可能会损失10美元。随着股价走高，损失也会增加。如果价格达到40美元，他们每做空一股，就会损失20美元，依此类推。</blockquote></p><p> Plus, short sellers have to eventually return the shares they've borrowed. So if they wait too long to cover the short position, they could face major losses. The so-called apes on Reddit have figured this out.</p><p><blockquote>此外，卖空者最终必须归还他们借入的股票。因此，如果他们等待太久才回补空头头寸，他们可能会面临重大损失。Reddit上所谓的猿类已经明白了这一点。</blockquote></p><p> \"This is what a short squeeze looks like,\" wrote one Reddit user last week about Avis Budget. \"Good (nee, STELLAR) earnings caused sudden and hard upward price movement ... No recourse other than to cover.\"</p><p><blockquote>“这就是轧空的样子，”一位Reddit用户上周在谈到Avis Budget时写道。“良好的（nee，恒星）收益导致价格突然大幅上涨……除了弥补之外没有其他追索权。”</blockquote></p><p> That's why fans of stocks like GameStop, AMC and more recently Avis Budget and Bed Bath &amp; Beyond aggressively call for retail traders to start buying heavily shorted stocks to push them even higher.</p><p><blockquote>这就是为什么游戏驿站、AMC以及最近的Avis Budget和Bed Bath&amp;Beyond等股票的粉丝积极看涨期权，要求散户交易者开始购买严重做空的股票，以推高它们。</blockquote></p><p> They realize that they are inflicting damage on the short sellers by doing so. But that helps push the shares even higher since the short sellers have to start joining the buying frenzy too.</p><p><blockquote>他们意识到这样做是在给卖空者造成损害。但这有助于推高股价，因为卖空者也必须开始加入购买狂潮。</blockquote></p><p> \"Short Squeeze Stocks Season is Back!\" declared one poster on Reddit in a video last week, referring specifically to <a href=\"https://laohu8.com/S/BB\">BlackBerry</a>, Avis Budget, Bed Bath &amp; Beyond, AMC and GameStop.</p><p><blockquote>“逼空股票季节又回来了！”上周在Reddit上的一段视频中宣布了一张海报，特别是指<a href=\"https://laohu8.com/S/BB\">黑莓</a>、Avis Budget、Bed Bath&amp;Beyond、AMC和游戏驿站。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/11/08/investing/short-squeeze-stocks/index.html\">CNN</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":{"CAR":"安飞士","KR":"克罗格","BBBY":"Bed Bath & Beyond, Inc.","GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://edition.cnn.com/2021/11/08/investing/short-squeeze-stocks/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104683977","content_text":"New York (CNN Business)The individual investor army on Reddit that helped push GameStop and AMC to unprecedented heights earlier this year has found some more companies to rally around.\nSeveral stocks that have enjoyed extraordinary pops lately, such as Avis Budget (CAR) and Bed Bath & Beyond (BBBY), have become so-called meme stocks that many professional investors have bet against ... and have gotten burned for because of what's known as a short squeeze.\nAvis Budget reported solid earnings last week. But the strength of the stock's 108% surge the day after reporting results surprised many. Shares were up as much as 218% at one point.\nBed Bath and Beyond skyrocketed nearly 50% in a matter of a few days last week after announcing a partnership to sell some of its products at grocery store chain Kroger (KR).\nBoth Avis Budget and Bed Bath & Beyond have something in common with AMC (AMC) and GameStop (GME).\nAll of these stocks, along with other meme darlings such as BlackBerry (BB), electric van maker Workhorse (WKHS) and cannabis company Sundial Growers (SNDL), have been targets of so-called short sellers.\nMore than 20% of the shares of Avis Budget and Bed Bath & Beyond are being held by short sellers, aka shorts.\nShorts, often big hedge funds and other large institutional firms, will borrow a stock and sell it with the hopes that the price will fall and they can buy it back for less. The short seller then pockets the difference between what they sold at and the repurchase price.\nSo say a short sells a borrowed stock when it's trading at $20 and it falls to $10. If the short seller buys the stock back at $10 and returns it to the lender, they make a $10 profit. It's known as covering their short position.\nBut here's where short sellers can run into trouble. If a stock that's being shorted starts to go up for some reason — such as a good earnings report or news of a strategic partnership — short sellers may be forced to buy back shares en masse or risk incurring massive losses.\nBack to the $20 short seller example, if the company reports good news and the stock goes up to $30, the short seller is looking at a potential $10 loss if they cover at the price. The losses increase as the stock heads higher. If it hits $40, that's a $20 loss, and so on — for every share they've shorted.\nPlus, short sellers have to eventually return the shares they've borrowed. So if they wait too long to cover the short position, they could face major losses. The so-called apes on Reddit have figured this out.\n\"This is what a short squeeze looks like,\" wrote one Reddit user last week about Avis Budget. \"Good (nee, STELLAR) earnings caused sudden and hard upward price movement ... No recourse other than to cover.\"\nThat's why fans of stocks like GameStop, AMC and more recently Avis Budget and Bed Bath & Beyond aggressively call for retail traders to start buying heavily shorted stocks to push them even higher.\nThey realize that they are inflicting damage on the short sellers by doing so. But that helps push the shares even higher since the short sellers have to start joining the buying frenzy too.\n\"Short Squeeze Stocks Season is Back!\" declared one poster on Reddit in a video last week, referring specifically to BlackBerry, Avis Budget, Bed Bath & Beyond, AMC and GameStop.","news_type":1,"symbols_score_info":{"GME":0.9,"BBBY":0.9,"KR":0.9,"AMC":0.9,"CAR":0.9}},"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846265932,"gmtCreate":1636087449718,"gmtModify":1636087449823,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"A new age of free market is coming. Gamestop to the moon🚀","listText":"A new age of free market is coming. Gamestop to the moon🚀","text":"A new age of free market is coming. Gamestop to the moon🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/846265932","repostId":"1105927429","repostType":2,"isVote":1,"tweetType":1,"viewCount":769,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848084132,"gmtCreate":1635948365807,"gmtModify":1635948372039,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"GME to the moon🚀🚀","listText":"GME to the moon🚀🚀","text":"GME to the moon🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/848084132","repostId":"1194203181","repostType":2,"repost":{"id":"1194203181","kind":"news","pubTimestamp":1635942663,"share":"https://www.laohu8.com/m/news/1194203181?lang=zh_CN&edition=full","pubTime":"2021-11-03 20:31","market":"us","language":"en","title":"2 Meme Stocks With Short Squeeze Potential In November<blockquote>11月2只具有逼空潜力的Meme股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194203181","media":"TheStreet","summary":"Wall Street Memes lists two meme stocks that might be on the verge of a short squeeze. Will OCGN and","content":"<p>Wall Street Memes lists two meme stocks that might be on the verge of a short squeeze. Will OCGN and PROG head to the moon in November?</p><p><blockquote>华尔街模因列出了两只可能处于轧空边缘的模因股票。OCGN和PROG会在11月前往月球吗？</blockquote></p><p> “Meme frenzy” may seem to be hibernating, but it is certainly still alive under the sheets. Retail investors continue to monitor and debate several key stocks on the main discussion boards across the web, and some have started to move in the past few days – think GameStop&nbsp;on November 1, for example.</p><p><blockquote>“迷因狂潮”可能看起来正在冬眠，但它肯定仍然在床单下活着。散户投资者继续在网络上的主要讨论板上监控和辩论几只关键股票，其中一些股票在过去几天已经开始波动——例如，想想11月1日的游戏驿站。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8a435559be38d10b7251aa72e23a665\" tg-width=\"1240\" tg-height=\"698\" width=\"100%\" height=\"auto\"><span>Figure 1: Ocugen and Progenity logo.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：Ocugen和Progenity标志。</span></p></blockquote></p><p> Driven by popularity, momentum and elevated short interest, Wall Street Memes lists two meme stocks that have “mooning” potential in November.</p><p><blockquote>在受欢迎程度、势头和空头兴趣上升的推动下，华尔街模因列出了两只在11月份具有“月亮”潜力的模因股票。</blockquote></p><p> <b>1. Ocugen, Inc.</b></p><p><blockquote><b>1.Ocugen公司。</b></blockquote></p><p> Biopharmaceutical company Ocugen, which focuses mainly on gene therapies to cure blindness diseases, had its ticker trending multiple times since the beginning of October.</p><p><blockquote>生物制药公司Ocugen主要专注于治疗失明疾病的基因疗法，自10月初以来，其股票价格已多次上涨。</blockquote></p><p> The company has become a meme focus and nearly doubled in price in the past few trading days.</p><p><blockquote>该公司已成为人们关注的焦点，在过去几个交易日内股价几乎翻了一番。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e281fc931d00e6aa06e33fd23394521\" tg-width=\"547\" tg-height=\"557\" width=\"100%\" height=\"auto\"><span>Figure 2: OCGN stock sentiment on WSB.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：OCGN股票对WSB的情绪。</span></p></blockquote></p><p> The most likely&nbsp;catalyst&nbsp;behind the price surge is the&nbsp;anticipated&nbsp;World Health Organization’s approval of COVID-19 vaccine Covaxin.</p><p><blockquote>价格飙升背后最有可能的催化剂是预期的世界卫生组织批准COVID-19疫苗科瓦克辛。</blockquote></p><p> Ocugen is a co-development partner with Bharat Biotech on the drug, and it holds the rights to commercialize Covaxin in North America. Recent&nbsp;stage 3 results&nbsp;showed the drug to be efficient even against the delta variant, which could help in the approval process in these countries.</p><p><blockquote>Ocugen是该药物与Bharat Biotech的共同开发合作伙伴，并拥有科瓦克辛在北美的商业化权利。最近的第三阶段结果显示，该药物甚至对德尔塔变异毒株病毒也有效，这可能有助于这些国家的审批过程。</blockquote></p><p> Meanwhile, the stock is a bear&nbsp;target. OCGN has 56 million shares shorted, representing a whopping 29% of the float. While heavy shorting signals skepticism and caution, it can also put shares on the edge of a short squeeze — if or once massive buying volume takes place.</p><p><blockquote>与此同时，该股是看跌目标。OCGN有5600万股被做空，占流通股的29%。虽然大量做空表明怀疑和谨慎，但如果或一旦出现大量买盘，它也可能使股票处于轧空的边缘。</blockquote></p><p> The eventual vaccine approval could be the catalyst that sparks bullish short-term activity. The binary nature of this trade, however, offers much complexity and risk to both longs and shorts.</p><p><blockquote>最终的疫苗批准可能是引发看涨短期活动的催化剂。然而，这种交易的二元性质给多头和空头都带来了很大的复杂性和风险。</blockquote></p><p> <b>2. Progenity</b></p><p><blockquote><b>2.生殖</b></blockquote></p><p> Progenity&nbsp;(<b>PROG</b>)&nbsp;is a biotechnology company that develops molecular testing products in the US. With a market cap of $284 million, the company went public last year at $14 per share. Since then, share price has plummeted to below $1, giving PROG the infamous label of “penny stock”.</p><p><blockquote>后代（<b>程序</b>）是一家在美国开发分子检测产品的生物技术公司。该公司去年以每股14美元的价格上市，市值为2.84亿美元。此后，股价暴跌至1美元以下，给PROG贴上了臭名昭著的“细价股”标签。</blockquote></p><p> In the past month, PROG has spiked around 130%. As short interest on the stock climbed, the volume of comments on major web forums increased as well. Currently, according to Yahoo Finance’s latest&nbsp;data, nearly 24% of the float its being shorted.</p><p><blockquote>过去一个月，PROG飙升了130%左右。随着对该股的空头兴趣攀升，主要网络论坛上的评论量也有所增加。目前，根据雅虎财经的最新数据，其近24%的流通量被做空。</blockquote></p><p> Based on the company’s fundamentals, H.C. Wainwright’s Joseph Pantginis recently issued a report on PROG. The analyst&nbsp;started&nbsp;his coverage with a buy rating and 27% upside potential. His bull case is based on the company’s differentiated portfolio and the opportunities that it offers.</p><p><blockquote>基于公司的基本面，H.C.Wainwright的Joseph Pantginis最近发布了一份关于PROG的报告。该分析师以买入评级和27%的上涨潜力开始了他的报道。他的牛市理由是基于该公司差异化的投资组合及其提供的机会。</blockquote></p><p>   <i>\"Progenity</i>’  <i>s differentiated R&amp;D pipeline primarily focuses on employing proprietary ingestible device technologies, in tandem with delivery of de-risked</i>&nbsp;  <i>FDA</i>&nbsp;  <i>approved therapies.”</i>  PROG’s popularity remains high, backed by Reddit forum discussions. Short interest is still elevated, despite the rally last month. This setup could lead the stock to a short squeeze.</p><p><blockquote><i>后代</i>’<i>差异化的研发管道主要专注于采用专有的可摄入设备技术，同时提供低风险的</i> <i>FDA</i> <i>批准的疗法。”</i>在Reddit论坛讨论的支持下，PROG的受欢迎程度仍然很高。尽管上个月有所反弹，但空头兴趣仍然很高。这种设置可能会导致该股出现空头挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0998a8e99f6ddce996a329ba5c7a179c\" tg-width=\"1076\" tg-height=\"405\" width=\"100%\" height=\"auto\"><span>Figure 3: Trending stocks on Reddit on November 2.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：11月2日Reddit上的趋势股票。</span></p></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>2 Meme Stocks With Short Squeeze Potential In November<blockquote>11月2只具有逼空潜力的Meme股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Meme Stocks With Short Squeeze Potential In November<blockquote>11月2只具有逼空潜力的Meme股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-03 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street Memes lists two meme stocks that might be on the verge of a short squeeze. Will OCGN and PROG head to the moon in November?</p><p><blockquote>华尔街模因列出了两只可能处于轧空边缘的模因股票。OCGN和PROG会在11月前往月球吗？</blockquote></p><p> “Meme frenzy” may seem to be hibernating, but it is certainly still alive under the sheets. Retail investors continue to monitor and debate several key stocks on the main discussion boards across the web, and some have started to move in the past few days – think GameStop&nbsp;on November 1, for example.</p><p><blockquote>“迷因狂潮”可能看起来正在冬眠，但它肯定仍然在床单下活着。散户投资者继续在网络上的主要讨论板上监控和辩论几只关键股票，其中一些股票在过去几天已经开始波动——例如，想想11月1日的游戏驿站。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8a435559be38d10b7251aa72e23a665\" tg-width=\"1240\" tg-height=\"698\" width=\"100%\" height=\"auto\"><span>Figure 1: Ocugen and Progenity logo.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：Ocugen和Progenity标志。</span></p></blockquote></p><p> Driven by popularity, momentum and elevated short interest, Wall Street Memes lists two meme stocks that have “mooning” potential in November.</p><p><blockquote>在受欢迎程度、势头和空头兴趣上升的推动下，华尔街模因列出了两只在11月份具有“月亮”潜力的模因股票。</blockquote></p><p> <b>1. Ocugen, Inc.</b></p><p><blockquote><b>1.Ocugen公司。</b></blockquote></p><p> Biopharmaceutical company Ocugen, which focuses mainly on gene therapies to cure blindness diseases, had its ticker trending multiple times since the beginning of October.</p><p><blockquote>生物制药公司Ocugen主要专注于治疗失明疾病的基因疗法，自10月初以来，其股票价格已多次上涨。</blockquote></p><p> The company has become a meme focus and nearly doubled in price in the past few trading days.</p><p><blockquote>该公司已成为人们关注的焦点，在过去几个交易日内股价几乎翻了一番。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e281fc931d00e6aa06e33fd23394521\" tg-width=\"547\" tg-height=\"557\" width=\"100%\" height=\"auto\"><span>Figure 2: OCGN stock sentiment on WSB.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：OCGN股票对WSB的情绪。</span></p></blockquote></p><p> The most likely&nbsp;catalyst&nbsp;behind the price surge is the&nbsp;anticipated&nbsp;World Health Organization’s approval of COVID-19 vaccine Covaxin.</p><p><blockquote>价格飙升背后最有可能的催化剂是预期的世界卫生组织批准COVID-19疫苗科瓦克辛。</blockquote></p><p> Ocugen is a co-development partner with Bharat Biotech on the drug, and it holds the rights to commercialize Covaxin in North America. Recent&nbsp;stage 3 results&nbsp;showed the drug to be efficient even against the delta variant, which could help in the approval process in these countries.</p><p><blockquote>Ocugen是该药物与Bharat Biotech的共同开发合作伙伴，并拥有科瓦克辛在北美的商业化权利。最近的第三阶段结果显示，该药物甚至对德尔塔变异毒株病毒也有效，这可能有助于这些国家的审批过程。</blockquote></p><p> Meanwhile, the stock is a bear&nbsp;target. OCGN has 56 million shares shorted, representing a whopping 29% of the float. While heavy shorting signals skepticism and caution, it can also put shares on the edge of a short squeeze — if or once massive buying volume takes place.</p><p><blockquote>与此同时，该股是看跌目标。OCGN有5600万股被做空，占流通股的29%。虽然大量做空表明怀疑和谨慎，但如果或一旦出现大量买盘，它也可能使股票处于轧空的边缘。</blockquote></p><p> The eventual vaccine approval could be the catalyst that sparks bullish short-term activity. The binary nature of this trade, however, offers much complexity and risk to both longs and shorts.</p><p><blockquote>最终的疫苗批准可能是引发看涨短期活动的催化剂。然而，这种交易的二元性质给多头和空头都带来了很大的复杂性和风险。</blockquote></p><p> <b>2. Progenity</b></p><p><blockquote><b>2.生殖</b></blockquote></p><p> Progenity&nbsp;(<b>PROG</b>)&nbsp;is a biotechnology company that develops molecular testing products in the US. With a market cap of $284 million, the company went public last year at $14 per share. Since then, share price has plummeted to below $1, giving PROG the infamous label of “penny stock”.</p><p><blockquote>后代（<b>程序</b>）是一家在美国开发分子检测产品的生物技术公司。该公司去年以每股14美元的价格上市，市值为2.84亿美元。此后，股价暴跌至1美元以下，给PROG贴上了臭名昭著的“细价股”标签。</blockquote></p><p> In the past month, PROG has spiked around 130%. As short interest on the stock climbed, the volume of comments on major web forums increased as well. Currently, according to Yahoo Finance’s latest&nbsp;data, nearly 24% of the float its being shorted.</p><p><blockquote>过去一个月，PROG飙升了130%左右。随着对该股的空头兴趣攀升，主要网络论坛上的评论量也有所增加。目前，根据雅虎财经的最新数据，其近24%的流通量被做空。</blockquote></p><p> Based on the company’s fundamentals, H.C. Wainwright’s Joseph Pantginis recently issued a report on PROG. The analyst&nbsp;started&nbsp;his coverage with a buy rating and 27% upside potential. His bull case is based on the company’s differentiated portfolio and the opportunities that it offers.</p><p><blockquote>基于公司的基本面，H.C.Wainwright的Joseph Pantginis最近发布了一份关于PROG的报告。该分析师以买入评级和27%的上涨潜力开始了他的报道。他的牛市理由是基于该公司差异化的投资组合及其提供的机会。</blockquote></p><p>   <i>\"Progenity</i>’  <i>s differentiated R&amp;D pipeline primarily focuses on employing proprietary ingestible device technologies, in tandem with delivery of de-risked</i>&nbsp;  <i>FDA</i>&nbsp;  <i>approved therapies.”</i>  PROG’s popularity remains high, backed by Reddit forum discussions. Short interest is still elevated, despite the rally last month. This setup could lead the stock to a short squeeze.</p><p><blockquote><i>后代</i>’<i>差异化的研发管道主要专注于采用专有的可摄入设备技术，同时提供低风险的</i> <i>FDA</i> <i>批准的疗法。”</i>在Reddit论坛讨论的支持下，PROG的受欢迎程度仍然很高。尽管上个月有所反弹，但空头兴趣仍然很高。这种设置可能会导致该股出现空头挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0998a8e99f6ddce996a329ba5c7a179c\" tg-width=\"1076\" tg-height=\"405\" width=\"100%\" height=\"auto\"><span>Figure 3: Trending stocks on Reddit on November 2.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：11月2日Reddit上的趋势股票。</span></p></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/2-meme-stocks-with-short-squeeze-potential-in-november\">TheStreet</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":{"OCGN":"Ocugen"},"source_url":"https://www.thestreet.com/memestocks/other-memes/2-meme-stocks-with-short-squeeze-potential-in-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194203181","content_text":"Wall Street Memes lists two meme stocks that might be on the verge of a short squeeze. Will OCGN and PROG head to the moon in November?\n“Meme frenzy” may seem to be hibernating, but it is certainly still alive under the sheets. Retail investors continue to monitor and debate several key stocks on the main discussion boards across the web, and some have started to move in the past few days – think GameStop on November 1, for example.\nFigure 1: Ocugen and Progenity logo.\nDriven by popularity, momentum and elevated short interest, Wall Street Memes lists two meme stocks that have “mooning” potential in November.\n1. Ocugen, Inc.\nBiopharmaceutical company Ocugen, which focuses mainly on gene therapies to cure blindness diseases, had its ticker trending multiple times since the beginning of October.\nThe company has become a meme focus and nearly doubled in price in the past few trading days.\nFigure 2: OCGN stock sentiment on WSB.\nThe most likely catalyst behind the price surge is the anticipated World Health Organization’s approval of COVID-19 vaccine Covaxin.\nOcugen is a co-development partner with Bharat Biotech on the drug, and it holds the rights to commercialize Covaxin in North America. Recent stage 3 results showed the drug to be efficient even against the delta variant, which could help in the approval process in these countries.\nMeanwhile, the stock is a bear target. OCGN has 56 million shares shorted, representing a whopping 29% of the float. While heavy shorting signals skepticism and caution, it can also put shares on the edge of a short squeeze — if or once massive buying volume takes place.\nThe eventual vaccine approval could be the catalyst that sparks bullish short-term activity. The binary nature of this trade, however, offers much complexity and risk to both longs and shorts.\n2. Progenity\nProgenity (PROG) is a biotechnology company that develops molecular testing products in the US. With a market cap of $284 million, the company went public last year at $14 per share. Since then, share price has plummeted to below $1, giving PROG the infamous label of “penny stock”.\nIn the past month, PROG has spiked around 130%. As short interest on the stock climbed, the volume of comments on major web forums increased as well. Currently, according to Yahoo Finance’s latest data, nearly 24% of the float its being shorted.\nBased on the company’s fundamentals, H.C. Wainwright’s Joseph Pantginis recently issued a report on PROG. The analyst started his coverage with a buy rating and 27% upside potential. His bull case is based on the company’s differentiated portfolio and the opportunities that it offers.\n\n\"Progenity’\n s differentiated R&D pipeline primarily focuses on employing proprietary ingestible device technologies, in tandem with delivery of de-risked \n FDA \n approved therapies.”\n\nPROG’s popularity remains high, backed by Reddit forum discussions. Short interest is still elevated, despite the rally last month. This setup could lead the stock to a short squeeze.\nFigure 3: Trending stocks on Reddit on November 2.","news_type":1,"symbols_score_info":{"PROG":0.9,"OCGN":0.9}},"isVote":1,"tweetType":1,"viewCount":968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855107426,"gmtCreate":1635341953916,"gmtModify":1635341954344,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Preparing for takeoff🚀","listText":"Preparing for takeoff🚀","text":"Preparing for takeoff🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/855107426","repostId":"2178400728","repostType":2,"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853001731,"gmtCreate":1634739383801,"gmtModify":1634739384208,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Simple, buy and hold gme🚀","listText":"Simple, buy and hold gme🚀","text":"Simple, buy and hold gme🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/853001731","repostId":"2176444482","repostType":4,"isVote":1,"tweetType":1,"viewCount":808,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822139180,"gmtCreate":1634099170572,"gmtModify":1634099315461,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Buy more gme? Got it 🚀","listText":"Buy more gme? Got it 🚀","text":"Buy more gme? Got it 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822139180","repostId":"1107758297","repostType":4,"repost":{"id":"1107758297","kind":"news","pubTimestamp":1634088266,"share":"https://www.laohu8.com/m/news/1107758297?lang=zh_CN&edition=full","pubTime":"2021-10-13 09:24","market":"us","language":"en","title":"What Is A Short Squeeze And What Is Going On In GameStop, AMC<blockquote>什么是轧空以及AMC游戏驿站正在发生什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107758297","media":"investors","summary":"What is it that can put a stock on a meteoric rise? This year, we have seen a number of stocks make ","content":"<p>What is it that can put a stock on a meteoric rise? This year, we have seen a number of stocks make truly staggering jumps, doubling in price on consecutive days. There are several factors that are contributing to these gargantuan moves, but one is surely the classic short squeeze.</p><p><blockquote>是什么能让一只股票迅速上涨？今年，我们看到许多股票实现了真正惊人的上涨，价格连续几天翻倍。有几个因素导致了这些巨大的波动，但其中之一肯定是经典的轧空。</blockquote></p><p> While there are some new factors at play in the markets today, the short squeeze has been around as long as shorting stock.</p><p><blockquote>尽管当今市场上有一些新因素在起作用，但空头挤压与做空股票一样长期存在。</blockquote></p><p> What Is A Short Squeeze</p><p><blockquote>什么是轧空</blockquote></p><p> Here is how the short squeeze works. If traders think a stock's price is going lower, they canshort the stock. They borrow shares and sell them, with the intent of buying them back at lower prices.</p><p><blockquote>以下是轧空的工作原理。如果交易者认为股票价格正在下跌，他们可以做空该股票。他们借入股票并出售，目的是以更低的价格回购。</blockquote></p><p> This is mostly done by institutional investors, like hedge funds, given the risks and the margin required.</p><p><blockquote>考虑到风险和所需保证金，这主要是由对冲基金等机构投资者完成的。</blockquote></p><p> And there are big risks. Stocks can theoretically go up infinitely. So a&nbsp;trader who is short&nbsp;can face theoretically infinite losses.</p><p><blockquote>而且存在很大的风险。股票理论上可以无限上涨。因此，做空的交易者理论上可能会面临无限的损失。</blockquote></p><p> Some stocks attract&nbsp;very high short interest, which can be viewed as the amount of shares sold short as a percentage of float, or how much stock has been issued that is available for trading.</p><p><blockquote>有些股票吸引了非常高的空头兴趣，这可以被视为卖空的股票数量占流通量的百分比，或者已发行的可供交易的股票数量。</blockquote></p><p> The problem comes if the stock prices starts to rise quickly. Those that are short the stock will likely receive a margin call. They either have to put more money up to secure their position or close their positions.</p><p><blockquote>如果股价开始快速上涨，问题就来了。那些做空该股票的人可能会获得保证金看涨期权。他们要么必须投入更多资金来确保自己的头寸，要么平仓。</blockquote></p><p> If they choose to — or are forced to — close their position, they are buying the stock to close out their position. This can push the price higher and force other short sellers to do the same. This creates a reinforcing loop of buying and pushing the price higher. This is the short squeeze, as those short the market get \"squeezed\" out.</p><p><blockquote>如果他们选择——或被迫——平仓，他们就是在购买股票来平仓。这可能会推高价格并迫使其他卖空者也这样做。这就形成了一个购买和推高价格的强化循环。这就是空头挤压，因为那些做空市场的人会被“挤出”出去。</blockquote></p><p> Short Squeeze Stocks: GME</p><p><blockquote>轧空股票：GME</blockquote></p><p> This is definitely part of what was happening in&nbsp;<b>GameStop</b>(GME) stock. In August of 2020, GME stock was trading for around 4.</p><p><blockquote>这绝对是发生在<b>游戏驿站</b>（GME）股票。2020年8月，GME股票交易价格约为4。</blockquote></p><p> Shares steadily climbed higher to close out 2020 just under 20 on the back of some big name investors taking stakes in the company. This attracted the short sellers, notably some big hedge funds. Then, on Jan. 13, the stock jumped to hit a high of almost 40 on huge volume.</p><p><blockquote>在一些知名投资者入股该公司的背景下，该公司股价稳步攀升，2020年收盘价略低于20点。这吸引了卖空者，尤其是一些大型对冲基金。然后，在1月13日，该股在成交量巨大的情况下跃升至近40点的高点。</blockquote></p><p> That was surely the start of the short squeeze. That 40 level held for about a week. On Jan. 22, the stock jumped again, trading above 70 on the biggest volume day up to that point.</p><p><blockquote>这无疑是空头挤压的开始。40的水平持续了大约一周。1月22日，该股再次上涨，在迄今为止成交量最大的一天交易价格突破70美元。</blockquote></p><p> The next day the stock hit a high of almost 160 with similar action the next day. Then on Jan. 27 the stock doubled again, trading up to 380. The Jan. 28 high was 483.</p><p><blockquote>第二天，该股触及近160点的高点，第二天也出现了类似的走势。随后在1月27日，该股再次翻倍，交易价格高达380点。1月28日的高点是483。</blockquote></p><p> While short squeezes are nothing new, this action is unprecedented. The action is certainly partly stock buying by the Reddit group wallstreetbets.</p><p><blockquote>虽然轧空并不是什么新鲜事，但这一行动却是前所未有的。这一行动肯定部分是Reddit组织wallstreetbets购买股票的结果。</blockquote></p><p> And while many are cheering that the little retail traders are beating up the big institutional shorts, it is pretty clear that other institutions are also in on this buying. Stories have popped up about Michael Burry's gains on GME stock and Elon Musk was tweeting about it.</p><p><blockquote>虽然许多人欢呼小型散户交易者击败大型机构空头，但很明显，其他机构也参与了这一购买。有关迈克尔·伯里(Michael Burry)增持GME股票的故事不断涌现，埃隆·马斯克(Elon Musk)也在推特上发布了相关消息。</blockquote></p><p> Hedge Fund Losses</p><p><blockquote>对冲基金损失</blockquote></p><p> There are some big losses in this squeeze.</p><p><blockquote>这次挤压有一些很大的损失。</blockquote></p><p> Two funds in particular have been hard hit. Citron Research and Melvin Capital have reportedly suffered huge losses.</p><p><blockquote>两只基金尤其受到重创。据报道，Citron Research和Melvin Capital遭受了巨大损失。</blockquote></p><p> Melvin is down 30% in 2021 on the back of a GME stock short position. It turned to Steven Cohen of Point72 Capital and Chicago-based Citadel to bail it out.</p><p><blockquote>由于GME股票空头头寸，梅尔文在2021年下跌了30%。它向Point72 Capital的史蒂文·科恩(Steven Cohen)和芝加哥Citadel寻求救助。</blockquote></p><p> The short squeeze is usually something inflicted by one hedge fund on another.</p><p><blockquote>轧空通常是一家对冲基金对另一家对冲基金造成的。</blockquote></p><p> This is really the first time we have seen such trading instigated by a band of retail traders.</p><p><blockquote>这确实是我们第一次看到由一群散户煽动的此类交易。</blockquote></p><p> Options Trading Is Also A Big Factor</p><p><blockquote>期权交易也是一大因素</blockquote></p><p> Another piece of this story's plot is the fact that much of the trading in GME and other names like&nbsp;<b>AMC Entertainment</b>(AMC) and&nbsp;<b>BlackBerry</b>(BB) is actually taking place in the&nbsp;options market.</p><p><blockquote>这个故事的另一个情节是，GME和其他名称的大部分交易，例如<b>AMC院线</b>（AMC）和<b>黑莓</b>（BB）实际上正在期权市场中发生。</blockquote></p><p> Bullish call buying instead of buying the stock is attractive here because of the leverage it provides and the fact that the positions are limited risk.</p><p><blockquote>看涨看涨期权买入而不是买入股票在这里很有吸引力，因为它提供了杠杆，而且头寸风险有限。</blockquote></p><p> Calls are contracts that give the right to buy the underlying stock for a given price (strike price) until the expiration date.</p><p><blockquote>评级是赋予在到期日之前以给定价格（执行价格）购买标的股票的权利的合约。</blockquote></p><p> The most that can be lost is the premium paid for the calls.</p><p><blockquote>最多损失的就是为评级支付的保费。</blockquote></p><p> Buying calls requires much less capital, so bigger positions can be taken by small traders.</p><p><blockquote>购买评级所需的资金要少得多，因此小交易者可以持有更大的头寸。</blockquote></p><p> This actually adds to the short squeeze effect.</p><p><blockquote>这实际上增加了空头挤压效应。</blockquote></p><p> When retail traders buy calls, it is market makers that sell them.</p><p><blockquote>当散户交易者买入评级时，卖出它们的是做市商。</blockquote></p><p> The market makers don't want the risk of being short calls, so they do something called delta hedging.</p><p><blockquote>做市商不想冒做空评级的风险，所以他们做了一种叫做delta对冲的事情。</blockquote></p><p> What Is Delta Hedging, And Why It Matters In A Short Squeeze</p><p><blockquote>什么是Delta对冲，以及为什么它在轧空中很重要</blockquote></p><p> Delta hedging calls requires the market makers to buy stock. And because of the nature of calls, when the price of the underlying stock goes up, the market makers have to buy more stock to stay hedged.</p><p><blockquote>Delta对冲评级要求做市商购买股票。由于评级的性质，当标的股票价格上涨时，做市商必须购买更多股票以保持对冲。</blockquote></p><p> We might call this the call option squeeze.</p><p><blockquote>我们可能会看涨期权这是看涨期权期权挤压。</blockquote></p><p> The problem is that these moves are not based on any fundamental changes in the stocks.</p><p><blockquote>问题是，这些举措并不是基于股票的任何根本性变化。</blockquote></p><p> Not much has changed for GME stock since it was a $4 stock, and certainly not since it was a $16 stock.</p><p><blockquote>自从GME股票是4美元的股票以来，它没有太大变化，当然自从它是16美元的股票以来也没有太大变化。</blockquote></p><p></p><p> Brokerage firms are very concerned about the volatility of these moves, as they know they may face losses if customers can't cover positions. They started limiting the positions that can be taken in some of these names.</p><p><blockquote>经纪公司非常担心这些走势的波动性，因为他们知道，如果客户无法补仓，他们可能会面临损失。他们开始限制其中一些名字的位置。</blockquote></p><p> That news came on Jan. 28, which saw GameStop stock price range from over 500 to below 115.</p><p><blockquote>这一消息是在1月28日发布的，当时游戏驿站股价从500多点波动到115点以下。</blockquote></p><p> This is a trade you wanted to watch out for. While some hedge funds were hurt and some retail traders made fortunes — at least on paper — this still may end badly.</p><p><blockquote>这是你想要小心的交易。尽管一些对冲基金受到了伤害，一些散户交易者赚了钱——至少在纸面上——但这仍然可能以糟糕的结局告终。</blockquote></p><p> The helium holding these stocks up would not last forever.</p><p><blockquote>支撑这些库存的氦气不会永远持续下去。</blockquote></p><p></p>","source":"lsy1610449120050","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>What Is A Short Squeeze And What Is Going On In GameStop, AMC<blockquote>什么是轧空以及AMC游戏驿站正在发生什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is A Short Squeeze And What Is Going On In GameStop, AMC<blockquote>什么是轧空以及AMC游戏驿站正在发生什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investors</strong><span class=\"h-time small\">2021-10-13 09:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What is it that can put a stock on a meteoric rise? This year, we have seen a number of stocks make truly staggering jumps, doubling in price on consecutive days. There are several factors that are contributing to these gargantuan moves, but one is surely the classic short squeeze.</p><p><blockquote>是什么能让一只股票迅速上涨？今年，我们看到许多股票实现了真正惊人的上涨，价格连续几天翻倍。有几个因素导致了这些巨大的波动，但其中之一肯定是经典的轧空。</blockquote></p><p> While there are some new factors at play in the markets today, the short squeeze has been around as long as shorting stock.</p><p><blockquote>尽管当今市场上有一些新因素在起作用，但空头挤压与做空股票一样长期存在。</blockquote></p><p> What Is A Short Squeeze</p><p><blockquote>什么是轧空</blockquote></p><p> Here is how the short squeeze works. If traders think a stock's price is going lower, they canshort the stock. They borrow shares and sell them, with the intent of buying them back at lower prices.</p><p><blockquote>以下是轧空的工作原理。如果交易者认为股票价格正在下跌，他们可以做空该股票。他们借入股票并出售，目的是以更低的价格回购。</blockquote></p><p> This is mostly done by institutional investors, like hedge funds, given the risks and the margin required.</p><p><blockquote>考虑到风险和所需保证金，这主要是由对冲基金等机构投资者完成的。</blockquote></p><p> And there are big risks. Stocks can theoretically go up infinitely. So a&nbsp;trader who is short&nbsp;can face theoretically infinite losses.</p><p><blockquote>而且存在很大的风险。股票理论上可以无限上涨。因此，做空的交易者理论上可能会面临无限的损失。</blockquote></p><p> Some stocks attract&nbsp;very high short interest, which can be viewed as the amount of shares sold short as a percentage of float, or how much stock has been issued that is available for trading.</p><p><blockquote>有些股票吸引了非常高的空头兴趣，这可以被视为卖空的股票数量占流通量的百分比，或者已发行的可供交易的股票数量。</blockquote></p><p> The problem comes if the stock prices starts to rise quickly. Those that are short the stock will likely receive a margin call. They either have to put more money up to secure their position or close their positions.</p><p><blockquote>如果股价开始快速上涨，问题就来了。那些做空该股票的人可能会获得保证金看涨期权。他们要么必须投入更多资金来确保自己的头寸，要么平仓。</blockquote></p><p> If they choose to — or are forced to — close their position, they are buying the stock to close out their position. This can push the price higher and force other short sellers to do the same. This creates a reinforcing loop of buying and pushing the price higher. This is the short squeeze, as those short the market get \"squeezed\" out.</p><p><blockquote>如果他们选择——或被迫——平仓，他们就是在购买股票来平仓。这可能会推高价格并迫使其他卖空者也这样做。这就形成了一个购买和推高价格的强化循环。这就是空头挤压，因为那些做空市场的人会被“挤出”出去。</blockquote></p><p> Short Squeeze Stocks: GME</p><p><blockquote>轧空股票：GME</blockquote></p><p> This is definitely part of what was happening in&nbsp;<b>GameStop</b>(GME) stock. In August of 2020, GME stock was trading for around 4.</p><p><blockquote>这绝对是发生在<b>游戏驿站</b>（GME）股票。2020年8月，GME股票交易价格约为4。</blockquote></p><p> Shares steadily climbed higher to close out 2020 just under 20 on the back of some big name investors taking stakes in the company. This attracted the short sellers, notably some big hedge funds. Then, on Jan. 13, the stock jumped to hit a high of almost 40 on huge volume.</p><p><blockquote>在一些知名投资者入股该公司的背景下，该公司股价稳步攀升，2020年收盘价略低于20点。这吸引了卖空者，尤其是一些大型对冲基金。然后，在1月13日，该股在成交量巨大的情况下跃升至近40点的高点。</blockquote></p><p> That was surely the start of the short squeeze. That 40 level held for about a week. On Jan. 22, the stock jumped again, trading above 70 on the biggest volume day up to that point.</p><p><blockquote>这无疑是空头挤压的开始。40的水平持续了大约一周。1月22日，该股再次上涨，在迄今为止成交量最大的一天交易价格突破70美元。</blockquote></p><p> The next day the stock hit a high of almost 160 with similar action the next day. Then on Jan. 27 the stock doubled again, trading up to 380. The Jan. 28 high was 483.</p><p><blockquote>第二天，该股触及近160点的高点，第二天也出现了类似的走势。随后在1月27日，该股再次翻倍，交易价格高达380点。1月28日的高点是483。</blockquote></p><p> While short squeezes are nothing new, this action is unprecedented. The action is certainly partly stock buying by the Reddit group wallstreetbets.</p><p><blockquote>虽然轧空并不是什么新鲜事，但这一行动却是前所未有的。这一行动肯定部分是Reddit组织wallstreetbets购买股票的结果。</blockquote></p><p> And while many are cheering that the little retail traders are beating up the big institutional shorts, it is pretty clear that other institutions are also in on this buying. Stories have popped up about Michael Burry's gains on GME stock and Elon Musk was tweeting about it.</p><p><blockquote>虽然许多人欢呼小型散户交易者击败大型机构空头，但很明显，其他机构也参与了这一购买。有关迈克尔·伯里(Michael Burry)增持GME股票的故事不断涌现，埃隆·马斯克(Elon Musk)也在推特上发布了相关消息。</blockquote></p><p> Hedge Fund Losses</p><p><blockquote>对冲基金损失</blockquote></p><p> There are some big losses in this squeeze.</p><p><blockquote>这次挤压有一些很大的损失。</blockquote></p><p> Two funds in particular have been hard hit. Citron Research and Melvin Capital have reportedly suffered huge losses.</p><p><blockquote>两只基金尤其受到重创。据报道，Citron Research和Melvin Capital遭受了巨大损失。</blockquote></p><p> Melvin is down 30% in 2021 on the back of a GME stock short position. It turned to Steven Cohen of Point72 Capital and Chicago-based Citadel to bail it out.</p><p><blockquote>由于GME股票空头头寸，梅尔文在2021年下跌了30%。它向Point72 Capital的史蒂文·科恩(Steven Cohen)和芝加哥Citadel寻求救助。</blockquote></p><p> The short squeeze is usually something inflicted by one hedge fund on another.</p><p><blockquote>轧空通常是一家对冲基金对另一家对冲基金造成的。</blockquote></p><p> This is really the first time we have seen such trading instigated by a band of retail traders.</p><p><blockquote>这确实是我们第一次看到由一群散户煽动的此类交易。</blockquote></p><p> Options Trading Is Also A Big Factor</p><p><blockquote>期权交易也是一大因素</blockquote></p><p> Another piece of this story's plot is the fact that much of the trading in GME and other names like&nbsp;<b>AMC Entertainment</b>(AMC) and&nbsp;<b>BlackBerry</b>(BB) is actually taking place in the&nbsp;options market.</p><p><blockquote>这个故事的另一个情节是，GME和其他名称的大部分交易，例如<b>AMC院线</b>（AMC）和<b>黑莓</b>（BB）实际上正在期权市场中发生。</blockquote></p><p> Bullish call buying instead of buying the stock is attractive here because of the leverage it provides and the fact that the positions are limited risk.</p><p><blockquote>看涨看涨期权买入而不是买入股票在这里很有吸引力，因为它提供了杠杆，而且头寸风险有限。</blockquote></p><p> Calls are contracts that give the right to buy the underlying stock for a given price (strike price) until the expiration date.</p><p><blockquote>评级是赋予在到期日之前以给定价格（执行价格）购买标的股票的权利的合约。</blockquote></p><p> The most that can be lost is the premium paid for the calls.</p><p><blockquote>最多损失的就是为评级支付的保费。</blockquote></p><p> Buying calls requires much less capital, so bigger positions can be taken by small traders.</p><p><blockquote>购买评级所需的资金要少得多，因此小交易者可以持有更大的头寸。</blockquote></p><p> This actually adds to the short squeeze effect.</p><p><blockquote>这实际上增加了空头挤压效应。</blockquote></p><p> When retail traders buy calls, it is market makers that sell them.</p><p><blockquote>当散户交易者买入评级时，卖出它们的是做市商。</blockquote></p><p> The market makers don't want the risk of being short calls, so they do something called delta hedging.</p><p><blockquote>做市商不想冒做空评级的风险，所以他们做了一种叫做delta对冲的事情。</blockquote></p><p> What Is Delta Hedging, And Why It Matters In A Short Squeeze</p><p><blockquote>什么是Delta对冲，以及为什么它在轧空中很重要</blockquote></p><p> Delta hedging calls requires the market makers to buy stock. And because of the nature of calls, when the price of the underlying stock goes up, the market makers have to buy more stock to stay hedged.</p><p><blockquote>Delta对冲评级要求做市商购买股票。由于评级的性质，当标的股票价格上涨时，做市商必须购买更多股票以保持对冲。</blockquote></p><p> We might call this the call option squeeze.</p><p><blockquote>我们可能会看涨期权这是看涨期权期权挤压。</blockquote></p><p> The problem is that these moves are not based on any fundamental changes in the stocks.</p><p><blockquote>问题是，这些举措并不是基于股票的任何根本性变化。</blockquote></p><p> Not much has changed for GME stock since it was a $4 stock, and certainly not since it was a $16 stock.</p><p><blockquote>自从GME股票是4美元的股票以来，它没有太大变化，当然自从它是16美元的股票以来也没有太大变化。</blockquote></p><p></p><p> Brokerage firms are very concerned about the volatility of these moves, as they know they may face losses if customers can't cover positions. They started limiting the positions that can be taken in some of these names.</p><p><blockquote>经纪公司非常担心这些走势的波动性，因为他们知道，如果客户无法补仓，他们可能会面临损失。他们开始限制其中一些名字的位置。</blockquote></p><p> That news came on Jan. 28, which saw GameStop stock price range from over 500 to below 115.</p><p><blockquote>这一消息是在1月28日发布的，当时游戏驿站股价从500多点波动到115点以下。</blockquote></p><p> This is a trade you wanted to watch out for. While some hedge funds were hurt and some retail traders made fortunes — at least on paper — this still may end badly.</p><p><blockquote>这是你想要小心的交易。尽管一些对冲基金受到了伤害，一些散户交易者赚了钱——至少在纸面上——但这仍然可能以糟糕的结局告终。</blockquote></p><p> The helium holding these stocks up would not last forever.</p><p><blockquote>支撑这些库存的氦气不会永远持续下去。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/how-to-invest/investors-corner/short-squeeze/?src=A00220\">investors</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":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.investors.com/how-to-invest/investors-corner/short-squeeze/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107758297","content_text":"What is it that can put a stock on a meteoric rise? This year, we have seen a number of stocks make truly staggering jumps, doubling in price on consecutive days. There are several factors that are contributing to these gargantuan moves, but one is surely the classic short squeeze.\nWhile there are some new factors at play in the markets today, the short squeeze has been around as long as shorting stock.\nWhat Is A Short Squeeze\nHere is how the short squeeze works. If traders think a stock's price is going lower, they canshort the stock. They borrow shares and sell them, with the intent of buying them back at lower prices.\nThis is mostly done by institutional investors, like hedge funds, given the risks and the margin required.\nAnd there are big risks. Stocks can theoretically go up infinitely. So a trader who is short can face theoretically infinite losses.\nSome stocks attract very high short interest, which can be viewed as the amount of shares sold short as a percentage of float, or how much stock has been issued that is available for trading.\nThe problem comes if the stock prices starts to rise quickly. Those that are short the stock will likely receive a margin call. They either have to put more money up to secure their position or close their positions.\nIf they choose to — or are forced to — close their position, they are buying the stock to close out their position. This can push the price higher and force other short sellers to do the same. This creates a reinforcing loop of buying and pushing the price higher. This is the short squeeze, as those short the market get \"squeezed\" out.\nShort Squeeze Stocks: GME\nThis is definitely part of what was happening in GameStop(GME) stock. In August of 2020, GME stock was trading for around 4.\nShares steadily climbed higher to close out 2020 just under 20 on the back of some big name investors taking stakes in the company. This attracted the short sellers, notably some big hedge funds. Then, on Jan. 13, the stock jumped to hit a high of almost 40 on huge volume.\nThat was surely the start of the short squeeze. That 40 level held for about a week. On Jan. 22, the stock jumped again, trading above 70 on the biggest volume day up to that point.\nThe next day the stock hit a high of almost 160 with similar action the next day. Then on Jan. 27 the stock doubled again, trading up to 380. The Jan. 28 high was 483.\nWhile short squeezes are nothing new, this action is unprecedented. The action is certainly partly stock buying by the Reddit group wallstreetbets.\nAnd while many are cheering that the little retail traders are beating up the big institutional shorts, it is pretty clear that other institutions are also in on this buying. Stories have popped up about Michael Burry's gains on GME stock and Elon Musk was tweeting about it.\nHedge Fund Losses\nThere are some big losses in this squeeze.\nTwo funds in particular have been hard hit. Citron Research and Melvin Capital have reportedly suffered huge losses.\nMelvin is down 30% in 2021 on the back of a GME stock short position. It turned to Steven Cohen of Point72 Capital and Chicago-based Citadel to bail it out.\nThe short squeeze is usually something inflicted by one hedge fund on another.\nThis is really the first time we have seen such trading instigated by a band of retail traders.\nOptions Trading Is Also A Big Factor\nAnother piece of this story's plot is the fact that much of the trading in GME and other names like AMC Entertainment(AMC) and BlackBerry(BB) is actually taking place in the options market.\nBullish call buying instead of buying the stock is attractive here because of the leverage it provides and the fact that the positions are limited risk.\nCalls are contracts that give the right to buy the underlying stock for a given price (strike price) until the expiration date.\nThe most that can be lost is the premium paid for the calls.\nBuying calls requires much less capital, so bigger positions can be taken by small traders.\nThis actually adds to the short squeeze effect.\nWhen retail traders buy calls, it is market makers that sell them.\nThe market makers don't want the risk of being short calls, so they do something called delta hedging.\nWhat Is Delta Hedging, And Why It Matters In A Short Squeeze\nDelta hedging calls requires the market makers to buy stock. And because of the nature of calls, when the price of the underlying stock goes up, the market makers have to buy more stock to stay hedged.\nWe might call this the call option squeeze.\nThe problem is that these moves are not based on any fundamental changes in the stocks.\nNot much has changed for GME stock since it was a $4 stock, and certainly not since it was a $16 stock.\nBrokerage firms are very concerned about the volatility of these moves, as they know they may face losses if customers can't cover positions. They started limiting the positions that can be taken in some of these names.\nThat news came on Jan. 28, which saw GameStop stock price range from over 500 to below 115.\nThis is a trade you wanted to watch out for. While some hedge funds were hurt and some retail traders made fortunes — at least on paper — this still may end badly.\nThe helium holding these stocks up would not last forever.","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826726118,"gmtCreate":1634057946104,"gmtModify":1634057946449,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Hold, DRS and buy!&nbsp;","listText":"Hold, DRS and buy!&nbsp;","text":"Hold, DRS and buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826726118","repostId":"1158847869","repostType":2,"isVote":1,"tweetType":1,"viewCount":909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826615273,"gmtCreate":1634012356106,"gmtModify":1634015644552,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Cleared all debt ✅Short squeeze potential ✅Future fundamentals ✅good buy regardless of the short ssqueeze but we all know its gonna happen sooner or later 🚀🚀","listText":"Cleared all debt ✅Short squeeze potential ✅Future fundamentals ✅good buy regardless of the short ssqueeze but we all know its gonna happen sooner or later 🚀🚀","text":"Cleared all debt ✅Short squeeze potential ✅Future fundamentals ✅good buy regardless of the short ssqueeze but we all know its gonna happen sooner or later 🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826615273","repostId":"1158847869","repostType":4,"isVote":1,"tweetType":1,"viewCount":789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":885517277,"gmtCreate":1631802990599,"gmtModify":1631889985232,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"MOASS of gamestop soon! 🚀","listText":"MOASS of gamestop soon! 🚀","text":"MOASS of gamestop soon! 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885517277","repostId":"2167599164","repostType":4,"repost":{"id":"2167599164","kind":"highlight","pubTimestamp":1631777665,"share":"https://www.laohu8.com/m/news/2167599164?lang=zh_CN&edition=full","pubTime":"2021-09-16 15:34","market":"us","language":"en","title":"Short-selling stocks -- and trying to play short squeezes -- can be very dangerous<blockquote>卖空股票——并试图进行空头挤压——可能非常危险</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2167599164","media":"MarketWatch","summary":"How this type of high-stakes trading can influence stock prices\nIt's easy to follow and online tradi","content":"<p>How this type of high-stakes trading can influence stock prices</p><p><blockquote>这种高风险交易如何影响股价</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2a0fe9f473bd854010152ae460a3ae3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>It's easy to follow and online trading fad using your phone - and just as easy to lose a lot of money.</span></p><p><blockquote><p class=\"t-img-caption\"><span>使用手机很容易跟随和在线交易时尚，也很容易损失很多钱。</span></p></blockquote></p><p> Investing and trading are two completely different activities. If you are new to either or haven't delved into the mechanics of short-selling, it's important to understand how this type of high-stakes trading can influence stock prices, even if you have no intention of doing it yourself.</p><p><blockquote>投资和交易是两种完全不同的活动。如果您是这两者的新手或尚未深入研究卖空机制，那么了解这种高风险交易如何影响股价非常重要，即使您自己无意这样做。</blockquote></p><p> Shorting a stock is one of the riskiest things you can do as an investor. But the meme-stock craze -- essentially playing the other side of short trades -- can be nearly as risky because of the wild swings in share prices.</p><p><blockquote>作为投资者，做空股票是风险最大的事情之一。但模因股票热潮——本质上是空头交易的另一面——由于股价的剧烈波动，风险几乎同样大。</blockquote></p><p> First, some definitions. In this article, investing means buying something and holding it, hoping that it goes up in value, that it provides income or both. Trading is buying and selling frequently to book gains.</p><p><blockquote>首先，一些定义。在本文中，投资意味着购买某样东西并持有它，希望它升值，希望它提供收入或两者兼而有之。交易就是频繁地买入和卖出以获得收益。</blockquote></p><p> If you buy a stock, you have only risked the amount you invested. The stock can go to zero and you can lose 100% of the money you invested.</p><p><blockquote>如果您购买股票，您只承担了投资金额的风险。股票可能会跌至零，您可能会损失100%的投资资金。</blockquote></p><p> If you short-sell a stock, you are betting that the price will go down and there is no limit on your potential losses if the share price rises unexpectedly. This is not to say your loss potential is unlimited -- your broker will limit your losses by demanding more collateral to ensure you can cover those losses.</p><p><blockquote>如果你卖空一只股票，你是在赌价格会下跌，如果股价意外上涨，你的潜在损失是无限的。这并不是说您的潜在损失是无限的——您的经纪人会通过要求更多抵押品来限制您的损失，以确保您能够弥补这些损失。</blockquote></p><p> <b>The mechanics of shorting a stock</b></p><p><blockquote><b>做空股票的机制</b></blockquote></p><p> Short-selling a stock is when you borrow shares of a company and sell them immediately because you expect the price to drop, after which you can repurchase the shares, return them to the lender and pocket the difference. It is a specialized strategy for some professional investors and traders but for individuals, it can be very risky and for more than one reason.</p><p><blockquote>卖空股票是指您借入一家公司的股票并立即出售，因为您预计价格会下跌，之后您可以回购股票，将其返还给贷方并将差价收入囊中。对于一些专业投资者和交易者来说，这是一种专门的策略，但对于个人来说，这可能非常危险，原因不止一个。</blockquote></p><p> Some professionals have profited from highly publicized bets against companies they felt were in poor financial condition. Some have even alleged that corporate management teams have misled investors through inflated claims about their products or services.</p><p><blockquote>一些专业人士从大肆宣传的押注中获利，押注他们认为财务状况不佳的公司。一些人甚至声称公司管理团队通过夸大其产品或服务来误导投资者。</blockquote></p><p> For example, shortseller Hindenburg Research's claims that Lordstown Motors&nbsp;had overstated the success of internal efforts to develop battery and fuel-cell capacity for electric trucks helped lead to a federal indictment against its founder, Trevor Milton, and the stock plunged.</p><p><blockquote>例如，卖空者兴登堡研究公司声称洛兹敦汽车公司夸大了内部开发电动卡车电池和燃料电池产能的努力的成功，导致其创始人特雷弗·米尔顿(Trevor Milton)受到联邦起诉，股价暴跌。</blockquote></p><p> The above definition of short-selling is simple, but the devil is in the details, which will follow after some more definitions:</p><p><blockquote>上面对卖空的定义很简单，但魔鬼在细节中，这将在更多的定义之后出现：</blockquote></p><p> Having a long position in a stock means you own the shares and expect (or hope) they go up in price.</p><p><blockquote>持有股票多头头寸意味着您拥有该股票并期望（或希望）其价格上涨。</blockquote></p><p> Covering is when someone with a short position buys back the shares, to end the short trade and return them to the seller. The short-seller hopes to cover after the share price declines and book a profit. But the short-seller may also cover to limit losses if the price has gone up.</p><p><blockquote>回补是指持有空头头寸的人回购股票，以结束空头交易并将其返还给卖方。卖空者希望在股价下跌后回补并获利。但如果价格上涨，卖空者也可能会补仓以限制损失。</blockquote></p><p> Margin is the amount of money an investor (or trader) has borrowed from their broker. You can set up a margin account with your broker to buy shares essentially on credit as well as to short a stock, in both cases with a limit set by the broker. If you are betting that the stock price will go down but it instead goes up, you may need to put up more collateral to maintain the agreed-upon margin. Otherwise the broker will begin selling your securities.</p><p><blockquote>保证金是投资者（或交易者）从经纪人那里借入的金额。你可以在你的经纪人那里设立一个保证金账户，基本上是赊购股票，也可以做空股票，这两种情况都有经纪人设定的限额。如果您押注股价会下跌但实际上会上涨，您可能需要提供更多抵押品来维持约定的保证金。否则经纪人将开始出售您的证券。</blockquote></p><p> This brings us to our final definition: A short squeeze takes place when many investors looking to cover short positions start buying a stock at the same time. The resulting feeding frenzy pushes the share price higher, compelling more traders with short positions to cover, and so on. This can happen to any trader, and if you have a large portion of your risk concentrated in one short position, you can lose your shirt.</p><p><blockquote>这就引出了我们的最终定义：当许多寻求回补空头头寸的投资者同时开始购买股票时，就会发生轧空。由此产生的疯狂喂食推动股价走高，迫使更多持有空头头寸的交易者回补，等等。这可能发生在任何交易者身上，如果你的大部分风险集中在一个空头头寸上，你可能会血本无归。</blockquote></p><p> <b>Shorting is best left to the professionals</b></p><p><blockquote><b>做空最好留给专业人士</b></blockquote></p><p> One reason why the deck is stacked against an individual short-seller is that they cannot mitigate their risk by offsetting a large number of short positions with a large number of long positions.</p><p><blockquote>对单个卖空者不利的一个原因是，他们无法通过用大量多头头寸抵消大量空头头寸来降低风险。</blockquote></p><p> A professional short-seller might have dozens of long positions offsetting a large number of short positions -- both based on their own extensive research. They expect to get some trades wrong, but with the risk spread out, as well as their own triggers for when to cover, the overall risk to the pro manager from any one short squeeze may be relatively small.</p><p><blockquote>一个专业的卖空者可能有几十个多头头寸来抵消大量的空头头寸——这两者都是基于他们自己的广泛研究。他们预计会犯一些错误，但随着风险的分散，以及他们自己何时回补的触发因素，任何一次轧空给职业经理人带来的总体风险可能相对较小。</blockquote></p><p> And if you short a stock, there is the risk of a slow (or fast) bleed as you wait for a stock to go down enough for you to make your desired profit. For example, at one point in August 2021, shares of electric vehicle manufacturer Workhorse Group&nbsp;were 35.81% sold-short according to FactSet.</p><p><blockquote>如果你做空一只股票，当你等待一只股票下跌到足以让你获得想要的利润时，就有缓慢（或快速）流血的风险。例如，根据FactSet的数据，2021年8月，电动汽车制造商Workhorse Group的股票一度被卖空35.81%。</blockquote></p><p></p><p> At that time, it cost 6% annually to borrow shares of Workhorse from a broker, according to one portfolio manager. That may not seem to be very much, but if that stock had gone up after you shorted it say, 14%, then you would be paying 20% a year for the privilege of making a risky trade.</p><p><blockquote>一位投资组合经理表示，当时从经纪人那里借入Workhorse股票的年成本为6%。这可能看起来不是很多，但如果该股票在您做空后上涨了14%，那么您每年将支付20%的费用来获得进行风险交易的特权。</blockquote></p><p> <b>Trying to time short-squeezes -- the meme-stock craze</b></p><p><blockquote><b>试图把握空头挤压的时机——模因股票热潮</b></blockquote></p><p> Let's turn to a real example of short-selling and short squeezes. Professional traders had been shorting shares of videogame retailer GameStop&nbsp;and cinema operator AMC Entertainment&nbsp;because they didn't think the businesses had much of a future. But shares of both shot up in early 2021 because of short squeezes, which some traders posting in Reddit's WallStreetBets channel portrayed as a class struggle against hedge funds that had shorted the stocks. These so-called meme stocks have remained well above their pre-short-squeeze levels.</p><p><blockquote>让我们转向卖空和轧空的真实例子。专业交易员一直在做空视频游戏零售商游戏驿站和影院运营商AMC院线的股票，因为他们认为这些企业没有太大的未来。但由于轧空，这两家公司的股价在2021年初飙升，一些交易员在Reddit的WallStreetBets频道上发帖称，这是针对做空股票的对冲基金的阶级斗争。这些所谓的模因股票仍远高于轧空前的水平。</blockquote></p><p> Short interest in GameStop was higher than 100% through most of January, according to data provided by FactSet. Short interest in AMC Entertainment reached 57.81%.</p><p><blockquote>FactSet提供的数据显示，1月份大部分时间，游戏驿站的空头兴趣均高于100%。AMC院线的空头兴趣达到57.81%。</blockquote></p><p> Pros consider short interest above 30% to 40% to be dangerously high. Not only do high short percentages make it very expensive to borrow the shares but they create hair triggers for short squeezes. And that's what happened, with shares of both GameStop and AMC Entertainment going on roller-coaster rides.</p><p><blockquote>专业人士认为空头利息高于30%至40%是危险的。高空头百分比不仅使借入股票变得非常昂贵，而且还为轧空创造了一触即发的触发器。事情就是这样，游戏驿站和AMC院线的股价都在坐过山车。</blockquote></p><p> To be sure, the squeezes worked for traders who got in and out at the right times. It wasn't so neat for others. This chart shows GameStop's stock price for the first eight months of 2021.</p><p><blockquote>可以肯定的是，挤压对在正确的时间进出的交易者有效。对其他人来说就没那么整洁了。这张图表显示了游戏驿站2021年前八个月的股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817e6cd2941b0510d18a938d2d34145e\" tg-width=\"700\" tg-height=\"600\" referrerpolicy=\"no-referrer\"><span>FACTSET</span></p><p><blockquote><p class=\"t-img-caption\"><span>FACTSET</span></p></blockquote></p><p> The share of short interest for both stocks has since fallen sharply, making another short squeeze far less likely. The business prospects for both continue to look poor, especially relative to the broader stock market. Then again, both companies have taken advantage of the new interest among traders by issuing more shares to raise cash that could enable them to transform their businesses into healthier models.</p><p><blockquote>此后，这两只股票的空头兴趣份额大幅下降，使得再次轧空的可能性大大降低。两者的商业前景仍然不佳，尤其是相对于更广泛的股市而言。话又说回来，两家公司都利用了交易员的新兴趣，发行更多股票来筹集现金，使他们能够将业务转变为更健康的模式。</blockquote></p><p> The bottom line is that shorting individual stocks can be very risky. If you cut this risk by shorting many stocks for particular reasons while offsetting those shorts with long positions and monitoring all positions continually, you won't have time for much else -- you will be a professional trader.</p><p><blockquote>底线是做空个股可能风险很大。如果你通过出于特定原因做空许多股票，同时用多头头寸抵消这些空头并持续监控所有头寸来降低这种风险，你将没有时间做太多其他事情——你将成为一名专业交易者。</blockquote></p><p></p>","source":"lsy1603348471595","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>Short-selling stocks -- and trying to play short squeezes -- can be very dangerous<blockquote>卖空股票——并试图进行空头挤压——可能非常危险</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\">\nShort-selling stocks -- and trying to play short squeezes -- can be very dangerous<blockquote>卖空股票——并试图进行空头挤压——可能非常危险</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-16 15:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>How this type of high-stakes trading can influence stock prices</p><p><blockquote>这种高风险交易如何影响股价</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2a0fe9f473bd854010152ae460a3ae3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>It's easy to follow and online trading fad using your phone - and just as easy to lose a lot of money.</span></p><p><blockquote><p class=\"t-img-caption\"><span>使用手机很容易跟随和在线交易时尚，也很容易损失很多钱。</span></p></blockquote></p><p> Investing and trading are two completely different activities. If you are new to either or haven't delved into the mechanics of short-selling, it's important to understand how this type of high-stakes trading can influence stock prices, even if you have no intention of doing it yourself.</p><p><blockquote>投资和交易是两种完全不同的活动。如果您是这两者的新手或尚未深入研究卖空机制，那么了解这种高风险交易如何影响股价非常重要，即使您自己无意这样做。</blockquote></p><p> Shorting a stock is one of the riskiest things you can do as an investor. But the meme-stock craze -- essentially playing the other side of short trades -- can be nearly as risky because of the wild swings in share prices.</p><p><blockquote>作为投资者，做空股票是风险最大的事情之一。但模因股票热潮——本质上是空头交易的另一面——由于股价的剧烈波动，风险几乎同样大。</blockquote></p><p> First, some definitions. In this article, investing means buying something and holding it, hoping that it goes up in value, that it provides income or both. Trading is buying and selling frequently to book gains.</p><p><blockquote>首先，一些定义。在本文中，投资意味着购买某样东西并持有它，希望它升值，希望它提供收入或两者兼而有之。交易就是频繁地买入和卖出以获得收益。</blockquote></p><p> If you buy a stock, you have only risked the amount you invested. The stock can go to zero and you can lose 100% of the money you invested.</p><p><blockquote>如果您购买股票，您只承担了投资金额的风险。股票可能会跌至零，您可能会损失100%的投资资金。</blockquote></p><p> If you short-sell a stock, you are betting that the price will go down and there is no limit on your potential losses if the share price rises unexpectedly. This is not to say your loss potential is unlimited -- your broker will limit your losses by demanding more collateral to ensure you can cover those losses.</p><p><blockquote>如果你卖空一只股票，你是在赌价格会下跌，如果股价意外上涨，你的潜在损失是无限的。这并不是说您的潜在损失是无限的——您的经纪人会通过要求更多抵押品来限制您的损失，以确保您能够弥补这些损失。</blockquote></p><p> <b>The mechanics of shorting a stock</b></p><p><blockquote><b>做空股票的机制</b></blockquote></p><p> Short-selling a stock is when you borrow shares of a company and sell them immediately because you expect the price to drop, after which you can repurchase the shares, return them to the lender and pocket the difference. It is a specialized strategy for some professional investors and traders but for individuals, it can be very risky and for more than one reason.</p><p><blockquote>卖空股票是指您借入一家公司的股票并立即出售，因为您预计价格会下跌，之后您可以回购股票，将其返还给贷方并将差价收入囊中。对于一些专业投资者和交易者来说，这是一种专门的策略，但对于个人来说，这可能非常危险，原因不止一个。</blockquote></p><p> Some professionals have profited from highly publicized bets against companies they felt were in poor financial condition. Some have even alleged that corporate management teams have misled investors through inflated claims about their products or services.</p><p><blockquote>一些专业人士从大肆宣传的押注中获利，押注他们认为财务状况不佳的公司。一些人甚至声称公司管理团队通过夸大其产品或服务来误导投资者。</blockquote></p><p> For example, shortseller Hindenburg Research's claims that Lordstown Motors&nbsp;had overstated the success of internal efforts to develop battery and fuel-cell capacity for electric trucks helped lead to a federal indictment against its founder, Trevor Milton, and the stock plunged.</p><p><blockquote>例如，卖空者兴登堡研究公司声称洛兹敦汽车公司夸大了内部开发电动卡车电池和燃料电池产能的努力的成功，导致其创始人特雷弗·米尔顿(Trevor Milton)受到联邦起诉，股价暴跌。</blockquote></p><p> The above definition of short-selling is simple, but the devil is in the details, which will follow after some more definitions:</p><p><blockquote>上面对卖空的定义很简单，但魔鬼在细节中，这将在更多的定义之后出现：</blockquote></p><p> Having a long position in a stock means you own the shares and expect (or hope) they go up in price.</p><p><blockquote>持有股票多头头寸意味着您拥有该股票并期望（或希望）其价格上涨。</blockquote></p><p> Covering is when someone with a short position buys back the shares, to end the short trade and return them to the seller. The short-seller hopes to cover after the share price declines and book a profit. But the short-seller may also cover to limit losses if the price has gone up.</p><p><blockquote>回补是指持有空头头寸的人回购股票，以结束空头交易并将其返还给卖方。卖空者希望在股价下跌后回补并获利。但如果价格上涨，卖空者也可能会补仓以限制损失。</blockquote></p><p> Margin is the amount of money an investor (or trader) has borrowed from their broker. You can set up a margin account with your broker to buy shares essentially on credit as well as to short a stock, in both cases with a limit set by the broker. If you are betting that the stock price will go down but it instead goes up, you may need to put up more collateral to maintain the agreed-upon margin. Otherwise the broker will begin selling your securities.</p><p><blockquote>保证金是投资者（或交易者）从经纪人那里借入的金额。你可以在你的经纪人那里设立一个保证金账户，基本上是赊购股票，也可以做空股票，这两种情况都有经纪人设定的限额。如果您押注股价会下跌但实际上会上涨，您可能需要提供更多抵押品来维持约定的保证金。否则经纪人将开始出售您的证券。</blockquote></p><p> This brings us to our final definition: A short squeeze takes place when many investors looking to cover short positions start buying a stock at the same time. The resulting feeding frenzy pushes the share price higher, compelling more traders with short positions to cover, and so on. This can happen to any trader, and if you have a large portion of your risk concentrated in one short position, you can lose your shirt.</p><p><blockquote>这就引出了我们的最终定义：当许多寻求回补空头头寸的投资者同时开始购买股票时，就会发生轧空。由此产生的疯狂喂食推动股价走高，迫使更多持有空头头寸的交易者回补，等等。这可能发生在任何交易者身上，如果你的大部分风险集中在一个空头头寸上，你可能会血本无归。</blockquote></p><p> <b>Shorting is best left to the professionals</b></p><p><blockquote><b>做空最好留给专业人士</b></blockquote></p><p> One reason why the deck is stacked against an individual short-seller is that they cannot mitigate their risk by offsetting a large number of short positions with a large number of long positions.</p><p><blockquote>对单个卖空者不利的一个原因是，他们无法通过用大量多头头寸抵消大量空头头寸来降低风险。</blockquote></p><p> A professional short-seller might have dozens of long positions offsetting a large number of short positions -- both based on their own extensive research. They expect to get some trades wrong, but with the risk spread out, as well as their own triggers for when to cover, the overall risk to the pro manager from any one short squeeze may be relatively small.</p><p><blockquote>一个专业的卖空者可能有几十个多头头寸来抵消大量的空头头寸——这两者都是基于他们自己的广泛研究。他们预计会犯一些错误，但随着风险的分散，以及他们自己何时回补的触发因素，任何一次轧空给职业经理人带来的总体风险可能相对较小。</blockquote></p><p> And if you short a stock, there is the risk of a slow (or fast) bleed as you wait for a stock to go down enough for you to make your desired profit. For example, at one point in August 2021, shares of electric vehicle manufacturer Workhorse Group&nbsp;were 35.81% sold-short according to FactSet.</p><p><blockquote>如果你做空一只股票，当你等待一只股票下跌到足以让你获得想要的利润时，就有缓慢（或快速）流血的风险。例如，根据FactSet的数据，2021年8月，电动汽车制造商Workhorse Group的股票一度被卖空35.81%。</blockquote></p><p></p><p> At that time, it cost 6% annually to borrow shares of Workhorse from a broker, according to one portfolio manager. That may not seem to be very much, but if that stock had gone up after you shorted it say, 14%, then you would be paying 20% a year for the privilege of making a risky trade.</p><p><blockquote>一位投资组合经理表示，当时从经纪人那里借入Workhorse股票的年成本为6%。这可能看起来不是很多，但如果该股票在您做空后上涨了14%，那么您每年将支付20%的费用来获得进行风险交易的特权。</blockquote></p><p> <b>Trying to time short-squeezes -- the meme-stock craze</b></p><p><blockquote><b>试图把握空头挤压的时机——模因股票热潮</b></blockquote></p><p> Let's turn to a real example of short-selling and short squeezes. Professional traders had been shorting shares of videogame retailer GameStop&nbsp;and cinema operator AMC Entertainment&nbsp;because they didn't think the businesses had much of a future. But shares of both shot up in early 2021 because of short squeezes, which some traders posting in Reddit's WallStreetBets channel portrayed as a class struggle against hedge funds that had shorted the stocks. These so-called meme stocks have remained well above their pre-short-squeeze levels.</p><p><blockquote>让我们转向卖空和轧空的真实例子。专业交易员一直在做空视频游戏零售商游戏驿站和影院运营商AMC院线的股票，因为他们认为这些企业没有太大的未来。但由于轧空，这两家公司的股价在2021年初飙升，一些交易员在Reddit的WallStreetBets频道上发帖称，这是针对做空股票的对冲基金的阶级斗争。这些所谓的模因股票仍远高于轧空前的水平。</blockquote></p><p> Short interest in GameStop was higher than 100% through most of January, according to data provided by FactSet. Short interest in AMC Entertainment reached 57.81%.</p><p><blockquote>FactSet提供的数据显示，1月份大部分时间，游戏驿站的空头兴趣均高于100%。AMC院线的空头兴趣达到57.81%。</blockquote></p><p> Pros consider short interest above 30% to 40% to be dangerously high. Not only do high short percentages make it very expensive to borrow the shares but they create hair triggers for short squeezes. And that's what happened, with shares of both GameStop and AMC Entertainment going on roller-coaster rides.</p><p><blockquote>专业人士认为空头利息高于30%至40%是危险的。高空头百分比不仅使借入股票变得非常昂贵，而且还为轧空创造了一触即发的触发器。事情就是这样，游戏驿站和AMC院线的股价都在坐过山车。</blockquote></p><p> To be sure, the squeezes worked for traders who got in and out at the right times. It wasn't so neat for others. This chart shows GameStop's stock price for the first eight months of 2021.</p><p><blockquote>可以肯定的是，挤压对在正确的时间进出的交易者有效。对其他人来说就没那么整洁了。这张图表显示了游戏驿站2021年前八个月的股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817e6cd2941b0510d18a938d2d34145e\" tg-width=\"700\" tg-height=\"600\" referrerpolicy=\"no-referrer\"><span>FACTSET</span></p><p><blockquote><p class=\"t-img-caption\"><span>FACTSET</span></p></blockquote></p><p> The share of short interest for both stocks has since fallen sharply, making another short squeeze far less likely. The business prospects for both continue to look poor, especially relative to the broader stock market. Then again, both companies have taken advantage of the new interest among traders by issuing more shares to raise cash that could enable them to transform their businesses into healthier models.</p><p><blockquote>此后，这两只股票的空头兴趣份额大幅下降，使得再次轧空的可能性大大降低。两者的商业前景仍然不佳，尤其是相对于更广泛的股市而言。话又说回来，两家公司都利用了交易员的新兴趣，发行更多股票来筹集现金，使他们能够将业务转变为更健康的模式。</blockquote></p><p> The bottom line is that shorting individual stocks can be very risky. If you cut this risk by shorting many stocks for particular reasons while offsetting those shorts with long positions and monitoring all positions continually, you won't have time for much else -- you will be a professional trader.</p><p><blockquote>底线是做空个股可能风险很大。如果你通过出于特定原因做空许多股票，同时用多头头寸抵消这些空头并持续监控所有头寸来降低这种风险，你将没有时间做太多其他事情——你将成为一名专业交易者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/short-selling-stocks-and-trying-to-play-short-squeezes-can-be-very-dangerous-11631716710?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","GME":"游戏驿站",".IXIC":"NASDAQ Composite","WKHS":"Workhorse Group, Inc.","AMC":"AMC院线",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/short-selling-stocks-and-trying-to-play-short-squeezes-can-be-very-dangerous-11631716710?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167599164","content_text":"How this type of high-stakes trading can influence stock prices\nIt's easy to follow and online trading fad using your phone - and just as easy to lose a lot of money.\nInvesting and trading are two completely different activities. If you are new to either or haven't delved into the mechanics of short-selling, it's important to understand how this type of high-stakes trading can influence stock prices, even if you have no intention of doing it yourself.\nShorting a stock is one of the riskiest things you can do as an investor. But the meme-stock craze -- essentially playing the other side of short trades -- can be nearly as risky because of the wild swings in share prices.\nFirst, some definitions. In this article, investing means buying something and holding it, hoping that it goes up in value, that it provides income or both. Trading is buying and selling frequently to book gains.\nIf you buy a stock, you have only risked the amount you invested. The stock can go to zero and you can lose 100% of the money you invested.\nIf you short-sell a stock, you are betting that the price will go down and there is no limit on your potential losses if the share price rises unexpectedly. This is not to say your loss potential is unlimited -- your broker will limit your losses by demanding more collateral to ensure you can cover those losses.\nThe mechanics of shorting a stock\nShort-selling a stock is when you borrow shares of a company and sell them immediately because you expect the price to drop, after which you can repurchase the shares, return them to the lender and pocket the difference. It is a specialized strategy for some professional investors and traders but for individuals, it can be very risky and for more than one reason.\nSome professionals have profited from highly publicized bets against companies they felt were in poor financial condition. Some have even alleged that corporate management teams have misled investors through inflated claims about their products or services.\nFor example, shortseller Hindenburg Research's claims that Lordstown Motors had overstated the success of internal efforts to develop battery and fuel-cell capacity for electric trucks helped lead to a federal indictment against its founder, Trevor Milton, and the stock plunged.\nThe above definition of short-selling is simple, but the devil is in the details, which will follow after some more definitions:\nHaving a long position in a stock means you own the shares and expect (or hope) they go up in price.\nCovering is when someone with a short position buys back the shares, to end the short trade and return them to the seller. The short-seller hopes to cover after the share price declines and book a profit. But the short-seller may also cover to limit losses if the price has gone up.\nMargin is the amount of money an investor (or trader) has borrowed from their broker. You can set up a margin account with your broker to buy shares essentially on credit as well as to short a stock, in both cases with a limit set by the broker. If you are betting that the stock price will go down but it instead goes up, you may need to put up more collateral to maintain the agreed-upon margin. Otherwise the broker will begin selling your securities.\nThis brings us to our final definition: A short squeeze takes place when many investors looking to cover short positions start buying a stock at the same time. The resulting feeding frenzy pushes the share price higher, compelling more traders with short positions to cover, and so on. This can happen to any trader, and if you have a large portion of your risk concentrated in one short position, you can lose your shirt.\nShorting is best left to the professionals\nOne reason why the deck is stacked against an individual short-seller is that they cannot mitigate their risk by offsetting a large number of short positions with a large number of long positions.\nA professional short-seller might have dozens of long positions offsetting a large number of short positions -- both based on their own extensive research. They expect to get some trades wrong, but with the risk spread out, as well as their own triggers for when to cover, the overall risk to the pro manager from any one short squeeze may be relatively small.\nAnd if you short a stock, there is the risk of a slow (or fast) bleed as you wait for a stock to go down enough for you to make your desired profit. For example, at one point in August 2021, shares of electric vehicle manufacturer Workhorse Group were 35.81% sold-short according to FactSet.\nAt that time, it cost 6% annually to borrow shares of Workhorse from a broker, according to one portfolio manager. That may not seem to be very much, but if that stock had gone up after you shorted it say, 14%, then you would be paying 20% a year for the privilege of making a risky trade.\nTrying to time short-squeezes -- the meme-stock craze\nLet's turn to a real example of short-selling and short squeezes. Professional traders had been shorting shares of videogame retailer GameStop and cinema operator AMC Entertainment because they didn't think the businesses had much of a future. But shares of both shot up in early 2021 because of short squeezes, which some traders posting in Reddit's WallStreetBets channel portrayed as a class struggle against hedge funds that had shorted the stocks. These so-called meme stocks have remained well above their pre-short-squeeze levels.\nShort interest in GameStop was higher than 100% through most of January, according to data provided by FactSet. Short interest in AMC Entertainment reached 57.81%.\nPros consider short interest above 30% to 40% to be dangerously high. Not only do high short percentages make it very expensive to borrow the shares but they create hair triggers for short squeezes. And that's what happened, with shares of both GameStop and AMC Entertainment going on roller-coaster rides.\nTo be sure, the squeezes worked for traders who got in and out at the right times. It wasn't so neat for others. This chart shows GameStop's stock price for the first eight months of 2021.\nFACTSET\nThe share of short interest for both stocks has since fallen sharply, making another short squeeze far less likely. The business prospects for both continue to look poor, especially relative to the broader stock market. Then again, both companies have taken advantage of the new interest among traders by issuing more shares to raise cash that could enable them to transform their businesses into healthier models.\nThe bottom line is that shorting individual stocks can be very risky. If you cut this risk by shorting many stocks for particular reasons while offsetting those shorts with long positions and monitoring all positions continually, you won't have time for much else -- you will be a professional trader.","news_type":1,"symbols_score_info":{".IXIC":0.9,"GME":0.9,"WKHS":0.9,"RIDE":0.9,".SPX":0.9,".DJI":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883924569,"gmtCreate":1631197641951,"gmtModify":1631889985232,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"themes":[],"htmlText":"Soon the castle of glass will come crashing down, hedge funds beware 🚀🚀","listText":"Soon the castle of glass will come crashing down, hedge funds beware 🚀🚀","text":"Soon the castle of glass will come crashing down, hedge funds beware 🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883924569","repostId":"1145747566","repostType":2,"repost":{"id":"1145747566","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":1631142938,"share":"https://www.laohu8.com/m/news/1145747566?lang=zh_CN&edition=full","pubTime":"2021-09-09 07:15","market":"us","language":"en","title":"GameStop Stock Slumps After Wider-Than-Expected Second Quarter Loss<blockquote>游戏驿站第二季度亏损超出预期后股价暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145747566","media":"Tiger Newspress","summary":"(Update: Sept 9, 2021 at 04:09 a.m. ET)\nGameStop Report posted a wider-than-expected second quarter ","content":"<p><i><b>(Update: Sept 9, 2021 at 04:09 a.m. ET)</b></i></p><p><blockquote><i><b>（更新：美国东部时间2021年9月9日凌晨04:09）</b></i></blockquote></p><p> GameStop&nbsp;Report&nbsp;posted a wider-than-expected second quarter loss Wednesday, but topped Street sales forecasts as brick-and-mortar stores saw increased traffic as pandemic restrictions around the country eased.</p><p><blockquote>游戏驿站报告周三公布的第二季度亏损超出预期，但超出了街头销售预期，因为随着全国各地疫情限制的放松，实体店的客流量增加。</blockquote></p><p> Shares of video game retailer&nbsp;GameStop&nbsp;fell about 7% in premarket trading Thursday.</p><p><blockquote>视频游戏零售商游戏驿站的股价在周四盘前交易中下跌约7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b39dbf39834fbbc4475da402e54b9356\" tg-width=\"1034\" tg-height=\"569\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> GameStop said its adjusted loss for the three months ending on July 31 was pegged at 76 per share, narrowing from a loss of $1.42 per share over the same period last year but wider than the Street consensus forecast of -66 cents per share. GameStop's reported loss was 85 cents per share. Group revenues, GameStop said, rose 25.6% from last year to $1.183 billion, topping analysts estimates of $1.12 billion.</p><p><blockquote>游戏驿站表示，截至7月31日的三个月调整后亏损为每股76美元，较去年同期每股亏损1.42美元有所收窄，但高于华尔街普遍预测的每股-66美分。游戏驿站报告每股亏损85美分。游戏驿站表示，集团收入较去年增长25.6%，达到11.83亿美元，超过分析师预期的11.2亿美元。</blockquote></p><p> During the second quarter of 2021, most of our stores in all jurisdictions returned to normal operations,\" GameStop said in a Securities &amp; Exchange Commission filing. \"However, with the resurgence of COVID-19 cases due to variants, we experienced some temporary closures in our Australian segment prior to the end of the second quarter of 2021.</p><p><blockquote>2021年第二季度，我们在所有司法管辖区的大多数商店都恢复了正常运营，”游戏驿站在向美国证券交易委员会提交的文件中表示。“然而，随着COVID-19病例因变异而死灰复燃，我们的澳大利亚业务在2021年第二季度末之前经历了一些临时关闭。</blockquote></p><p> The retailer did not provide an outlook for the coming quarters or take questions during its earnings conference call. It was the first call since CEO Matthew Furlong and CFO Mike Recupero joined GameStop’s leadership.</p><p><blockquote>该零售商没有提供未来几个季度的前景，也没有在财报电话会议上回答问题。这是自首席执行官Matthew Furlong和首席财务官Mike Recupero加入游戏驿站领导层以来的第一次看涨期权。</blockquote></p><p> The retailer also said the U.S. Securities and Exchange Commission has requested additional documents for&nbsp;a probe into GameStop and other companies’ trading activity, which the company had disclosed in May. GameStop said the inquiry is not expected to negatively impact the company.</p><p><blockquote>该零售商还表示，美国证券交易委员会已要求提供更多文件，以调查游戏驿站和其他公司的交易活动，该公司已于5月份披露了这些活动。游戏驿站表示，预计调查不会对公司产生负面影响。</blockquote></p><p> GameStop has been trying to&nbsp;shift its business more toward e-commerce. In an effort to improve the delivery of online orders, the company announced it signed a lease for a 530,000-square-foot fulfillment center in Reno, Nevada. The site will help it to expand its fulfillment network across both U.S. coasts.</p><p><blockquote>游戏驿站一直试图将其业务更多地转向电子商务。为了改善在线订单的交付，该公司宣布在内华达州里诺签署了一份530,000平方英尺的履行中心的租约。该网站将帮助其扩大其在美国两个海岸的履行网络。</blockquote></p><p> The retailer is also working to expand its customer care operations in the U.S. by leasing a center in Pembroke Pines, Florida.</p><p><blockquote>该零售商还致力于通过在佛罗里达州彭布罗克派恩斯租赁一个中心来扩大其在美国的客户服务业务。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Slumps After Wider-Than-Expected Second Quarter Loss<blockquote>游戏驿站第二季度亏损超出预期后股价暴跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Slumps After Wider-Than-Expected Second Quarter Loss<blockquote>游戏驿站第二季度亏损超出预期后股价暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-09 07:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><i><b>(Update: Sept 9, 2021 at 04:09 a.m. ET)</b></i></p><p><blockquote><i><b>（更新：美国东部时间2021年9月9日凌晨04:09）</b></i></blockquote></p><p> GameStop&nbsp;Report&nbsp;posted a wider-than-expected second quarter loss Wednesday, but topped Street sales forecasts as brick-and-mortar stores saw increased traffic as pandemic restrictions around the country eased.</p><p><blockquote>游戏驿站报告周三公布的第二季度亏损超出预期，但超出了街头销售预期，因为随着全国各地疫情限制的放松，实体店的客流量增加。</blockquote></p><p> Shares of video game retailer&nbsp;GameStop&nbsp;fell about 7% in premarket trading Thursday.</p><p><blockquote>视频游戏零售商游戏驿站的股价在周四盘前交易中下跌约7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b39dbf39834fbbc4475da402e54b9356\" tg-width=\"1034\" tg-height=\"569\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> GameStop said its adjusted loss for the three months ending on July 31 was pegged at 76 per share, narrowing from a loss of $1.42 per share over the same period last year but wider than the Street consensus forecast of -66 cents per share. GameStop's reported loss was 85 cents per share. Group revenues, GameStop said, rose 25.6% from last year to $1.183 billion, topping analysts estimates of $1.12 billion.</p><p><blockquote>游戏驿站表示，截至7月31日的三个月调整后亏损为每股76美元，较去年同期每股亏损1.42美元有所收窄，但高于华尔街普遍预测的每股-66美分。游戏驿站报告每股亏损85美分。游戏驿站表示，集团收入较去年增长25.6%，达到11.83亿美元，超过分析师预期的11.2亿美元。</blockquote></p><p> During the second quarter of 2021, most of our stores in all jurisdictions returned to normal operations,\" GameStop said in a Securities &amp; Exchange Commission filing. \"However, with the resurgence of COVID-19 cases due to variants, we experienced some temporary closures in our Australian segment prior to the end of the second quarter of 2021.</p><p><blockquote>2021年第二季度，我们在所有司法管辖区的大多数商店都恢复了正常运营，”游戏驿站在向美国证券交易委员会提交的文件中表示。“然而，随着COVID-19病例因变异而死灰复燃，我们的澳大利亚业务在2021年第二季度末之前经历了一些临时关闭。</blockquote></p><p> The retailer did not provide an outlook for the coming quarters or take questions during its earnings conference call. It was the first call since CEO Matthew Furlong and CFO Mike Recupero joined GameStop’s leadership.</p><p><blockquote>该零售商没有提供未来几个季度的前景，也没有在财报电话会议上回答问题。这是自首席执行官Matthew Furlong和首席财务官Mike Recupero加入游戏驿站领导层以来的第一次看涨期权。</blockquote></p><p> The retailer also said the U.S. Securities and Exchange Commission has requested additional documents for&nbsp;a probe into GameStop and other companies’ trading activity, which the company had disclosed in May. GameStop said the inquiry is not expected to negatively impact the company.</p><p><blockquote>该零售商还表示，美国证券交易委员会已要求提供更多文件，以调查游戏驿站和其他公司的交易活动，该公司已于5月份披露了这些活动。游戏驿站表示，预计调查不会对公司产生负面影响。</blockquote></p><p> GameStop has been trying to&nbsp;shift its business more toward e-commerce. In an effort to improve the delivery of online orders, the company announced it signed a lease for a 530,000-square-foot fulfillment center in Reno, Nevada. The site will help it to expand its fulfillment network across both U.S. coasts.</p><p><blockquote>游戏驿站一直试图将其业务更多地转向电子商务。为了改善在线订单的交付，该公司宣布在内华达州里诺签署了一份530,000平方英尺的履行中心的租约。该网站将帮助其扩大其在美国两个海岸的履行网络。</blockquote></p><p> The retailer is also working to expand its customer care operations in the U.S. by leasing a center in Pembroke Pines, Florida.</p><p><blockquote>该零售商还致力于通过在佛罗里达州彭布罗克派恩斯租赁一个中心来扩大其在美国的客户服务业务。</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":"1145747566","content_text":"(Update: Sept 9, 2021 at 04:09 a.m. ET)\nGameStop Report posted a wider-than-expected second quarter loss Wednesday, but topped Street sales forecasts as brick-and-mortar stores saw increased traffic as pandemic restrictions around the country eased.\nShares of video game retailer GameStop fell about 7% in premarket trading Thursday.\n\nGameStop said its adjusted loss for the three months ending on July 31 was pegged at 76 per share, narrowing from a loss of $1.42 per share over the same period last year but wider than the Street consensus forecast of -66 cents per share. GameStop's reported loss was 85 cents per share. Group revenues, GameStop said, rose 25.6% from last year to $1.183 billion, topping analysts estimates of $1.12 billion.\nDuring the second quarter of 2021, most of our stores in all jurisdictions returned to normal operations,\" GameStop said in a Securities & Exchange Commission filing. \"However, with the resurgence of COVID-19 cases due to variants, we experienced some temporary closures in our Australian segment prior to the end of the second quarter of 2021.\nThe retailer did not provide an outlook for the coming quarters or take questions during its earnings conference call. It was the first call since CEO Matthew Furlong and CFO Mike Recupero joined GameStop’s leadership.\nThe retailer also said the U.S. Securities and Exchange Commission has requested additional documents for a probe into GameStop and other companies’ trading activity, which the company had disclosed in May. GameStop said the inquiry is not expected to negatively impact the company.\nGameStop has been trying to shift its business more toward e-commerce. In an effort to improve the delivery of online orders, the company announced it signed a lease for a 530,000-square-foot fulfillment center in Reno, Nevada. The site will help it to expand its fulfillment network across both U.S. coasts.\nThe retailer is also working to expand its customer care operations in the U.S. by leasing a center in Pembroke Pines, Florida.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":199426999,"gmtCreate":1620728274111,"gmtModify":1634196800867,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/199426999","repostId":"2134551566","repostType":4,"isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377025040,"gmtCreate":1619485535180,"gmtModify":1634212394355,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/377025040","repostId":"1184404050","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112051096,"gmtCreate":1622828162415,"gmtModify":1634097582713,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/112051096","repostId":"1154529120","repostType":4,"repost":{"id":"1154529120","kind":"news","pubTimestamp":1622810459,"share":"https://www.laohu8.com/m/news/1154529120?lang=zh_CN&edition=full","pubTime":"2021-06-04 20:40","market":"hk","language":"en","title":"Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154529120","media":"seekingalpha","summary":"Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.I believe that there are both opportunities and risks, but would see the prior outweighing the latter.In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:. Alibaba Group'","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>  <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>  <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW是一只战场股票，有些人看到了很多机会，而另一些人则看到了很多风险。</li><li>我相信机遇和风险都存在，但我认为前者大于后者。</li><li>从长远来看，阿里巴巴有机会为那些以目前相当低的估值买入的人带来强劲收益。</li></ul><p class=\"t-img-caption\"><span>摄影：efetova/iStock，来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p><p><blockquote>阿里巴巴-SW集团（BABA）是一家全球领先的高科技公司，持续产生有吸引力的增长，并为投资者提供了接触高增长的中国消费市场的机会。与此同时，通过一系列合资企业，阿里巴巴-SW还活跃在云计算等其他行业。过去几个月股价大幅下跌，但我相信长期潜力巨大。如果股价上涨至500美元，我不会感到惊讶，尽管这不会在短期内发生。</blockquote></p><p> <b>BABA Stock Price</b></p><p><blockquote><b>阿里巴巴股价</b></blockquote></p><p> Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p><p><blockquote>自IPO以来，阿里巴巴-SW股价强劲上涨，但也应该提到的是，股价在2020年下半年确实出现了小幅上涨，此后大幅下跌：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p><p><blockquote>由于蚂蚁金服IPO计划被叫停后，2020年夏季的涨幅已被抹去，股价目前基本处于一年前的水平。不过，去年持平的股价表现有些令人惊讶，因为阿里巴巴-SW在此期间继续取得强劲业绩。例如，上一季度，阿里巴巴-SW的收入增长率为64%，而上一季度的收入增长也非常强劲，在50%左右。然而，这并不是阿里巴巴-SW财报中唯一的积极因素。仅在最近一个季度，该公司的用户数量就增加了3200万，相当于用户年化增长率约为20%。这对未来几个季度来说是个好兆头，因为阿里巴巴-SW平台上的更多用户应该会转化为更高的收入。最重要的是，强劲的用户增长表明，对阿里巴巴-SW平台提供的购物服务的需求仍在增长——市场根本没有饱和。阿里巴巴-SW的EBITDA也同比增长了25%，这也是一个有吸引力的增长速度，尽管管理层在评级关键增长领域的投资不断增加，但这一增长还是实现了。与此同时，由于一些运营杠杆，运营收入增长速度更快，经调整阿里巴巴-SW第一季度必须支付的罚款后，同比增长48%。我认为，为了更清楚地了解阿里巴巴-SW平均季度的基本“核心”盈利能力，放弃这一一次性项目是有意义的。</blockquote></p><p> Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p><p><blockquote>因此，相对于大盘和其他科技股，阿里巴巴-SW集团的股价表现疲软，并不是经营业绩疲软的结果，而是多重压缩的结果，原因是投资者情绪疲软以及对监管的担忧。</blockquote></p><p> At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p><p><blockquote>以目前220美元的价格计算，与目前分析师298美元的一致目标价相比，阿里巴巴的交易价格有相当大的折扣。如果阿里巴巴-SW达到这一目标，股价将上涨35%。分析师的价格目标通常以1年的时间框架发布，因此，如果分析师界是正确的，阿里巴巴-SW可能是一项伟大的投资。从估值的角度来看，这个目标价似乎一点也不离谱，因为298美元相当于今年预期净利润的29倍左右，或明年净利润的23倍。当我们谈论2022年夏季（即一年后）的价格目标时，后者可能更能说明问题。</blockquote></p><p> <b>Can Alibaba Stock Hit $500?</b></p><p><blockquote><b>阿里巴巴-SW股价能否触及500美元？</b></blockquote></p><p> The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p><p><blockquote>我认为，这个问题的答案取决于你的时间框架。如果你着眼于12个月的窗口期，那么阿里巴巴-SW很可能无法达到500美元。300美元左右的价格目标似乎是可以实现的，尽管这当然也不能保证。然而，如果我们从更长远的角度来看，那么500美元似乎是阿里巴巴最终可能触及的股价。让我们看几个例子。</blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW在某个时候每股收益为20美元，市盈率为25倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为25美元，市盈率为20倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为17美元，交易价格为净利润的29倍，那么股价将为（略低于）500美元。</i></blockquote></p><p></p><p> We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p><p><blockquote>我们看到，有很多情况可能会让阿里巴巴的股价达到500美元，其中一些情况比其他情况更有可能。当然，你的目标倍数越高，所需的收益就越低。这反过来意味着可以更快达到价格目标，因为所需的累计盈利增长较少。当我们看一下阿里巴巴-SW过去的估值时，我们会发现阿里巴巴的长期市盈率中位数如下所示：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p><p><blockquote>阿里巴巴-SW的净利润为30-40倍，相对于目前的股价估值（约为今年盈利的20倍），显然存在巨大溢价。我认为目前的估值太低，但另一方面，我预计阿里巴巴-SW未来几年的净利润不会达到30倍、35倍甚至40倍。由于阿里巴巴-SW的规模不断扩大，这使得其在未来几年保持出色的增长变得更加困难，与过去的估值相比，未来几年的股价可能会较低。</blockquote></p><p> I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p><p><blockquote>我仍然认为，从目前21倍左右的市盈率来看，该股确实有一定的估值扩张潜力，因此让我们假设该股未来的净利润为23倍。与历史估值相比，这仍然是一个巨大的折扣，与美国高科技大型股的估值相比也是一个巨大的折扣——例如，亚马逊(AMZN)的交易价格是今年市盈率的59倍。</blockquote></p><p> If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p><p><blockquote>如果我们想使用23倍的市盈率将阿里巴巴的股价达到500美元，那么阿里巴巴-SW必须产生的每股收益为21.70美元。什么时候会是这种情况？在下图中，我们看到了本年度、明年（2022财年）和2023财年的每股收益预测：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p><p><blockquote>如果分析师是对的，阿里巴巴-SW到2023年每股收益将无法达到22美元，我认为这是现实的。我也不认为今年到2023年间每股收益会增长100%以上。从2023年开始，阿里巴巴-SW的每股收益需要再增长43%才能达到21.70美元，这是我们500美元股价的“目标每股收益”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p><p><blockquote>分析师目前预测长期每股收益增长约为27%，这意味着阿里巴巴-SW需要大约1.5年的时间才能将每股收益从15.20美元（2023年估计）增长到我们21.70美元的目标。即使我们假设这过于乐观，2024年和2025年的增长率仅为20%，到2025年底每股收益也可能达到21.70美元。因此，换句话说，如果阿里巴巴-SW的增长略低于分析师目前的预测，那么到2025年底（即4.5年后），阿里巴巴-SW的交易价格可能会达到500美元。请注意，这种情况根本不需要很高的市盈率——我相信，阿里巴巴-SW的净利润为23倍，价格并不昂贵。</blockquote></p><p> We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p><p><blockquote>我们可以更加保守地假设2023年每股收益预期过高10%，并且2023年之后的几年每股收益每年仅增长17%（而分析师社区的长期预测为每年27%）。在这种情况下，阿里巴巴-SW的每股收益将在2026年达到21.70美元，股价将在未来5.5年内升至500美元。即使在这种情况下，阿里巴巴也根本不是一项糟糕的投资——未来5.5年内股价较当前水平上涨130%，相当于年化回报率为16%。</blockquote></p><p> So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p><p><blockquote>所以，总结一下这一部分，我想说<i>是的，阿里巴巴可以达到500美元</i>——但实际上需要几年时间。到2020年代中期，对我来说，这似乎是一个非常可以实现的目标，尽管当然没有任何保证。</blockquote></p><p> <b>Is Alibaba Stock A Buy Or Sell Now?</b></p><p><blockquote><b>阿里巴巴-SW股票现在是买入还是卖出？</b></blockquote></p><p> Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p><p><blockquote>我认为，阿里巴巴-SW集团是一项强有力的投资。该公司增长强劲，利润来自多个长期宏观趋势，例如中国消费者支出的增长、电子商务市场份额的增长和云计算。然而，也有一些风险需要考虑：阿里巴巴-SW高度依赖中国，如果中国的经济增长故事结束，阿里巴巴-SW将受到很大伤害。最重要的是，阿里巴巴-SW可能会再次成为监管机构的目标，尽管我个人认为伤害中国增长最快的科技公司之一不符合中国的最佳利益。</blockquote></p><p></p><p> For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p><p><blockquote>对于那些担心这些风险的人来说，阿里巴巴-SW可能不是正确的选择，但对于那些认为阿里巴巴-SW对中国消费者来说可能非常有益的投资的人来说，阿里巴巴可能是多元化投资组合中的一个强有力的选择。我属于后一类，因此按当前估值将该股评级为买入，预计未来几年将大幅上涨。然而，根据您的风险承受能力以及您如何权衡投资中国公司的机会和威胁，您可能会做出不同的决定。</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>Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-04 20:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>  <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>  <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW是一只战场股票，有些人看到了很多机会，而另一些人则看到了很多风险。</li><li>我相信机遇和风险都存在，但我认为前者大于后者。</li><li>从长远来看，阿里巴巴有机会为那些以目前相当低的估值买入的人带来强劲收益。</li></ul><p class=\"t-img-caption\"><span>摄影：efetova/iStock，来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p><p><blockquote>阿里巴巴-SW集团（BABA）是一家全球领先的高科技公司，持续产生有吸引力的增长，并为投资者提供了接触高增长的中国消费市场的机会。与此同时，通过一系列合资企业，阿里巴巴-SW还活跃在云计算等其他行业。过去几个月股价大幅下跌，但我相信长期潜力巨大。如果股价上涨至500美元，我不会感到惊讶，尽管这不会在短期内发生。</blockquote></p><p> <b>BABA Stock Price</b></p><p><blockquote><b>阿里巴巴股价</b></blockquote></p><p> Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p><p><blockquote>自IPO以来，阿里巴巴-SW股价强劲上涨，但也应该提到的是，股价在2020年下半年确实出现了小幅上涨，此后大幅下跌：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p><p><blockquote>由于蚂蚁金服IPO计划被叫停后，2020年夏季的涨幅已被抹去，股价目前基本处于一年前的水平。不过，去年持平的股价表现有些令人惊讶，因为阿里巴巴-SW在此期间继续取得强劲业绩。例如，上一季度，阿里巴巴-SW的收入增长率为64%，而上一季度的收入增长也非常强劲，在50%左右。然而，这并不是阿里巴巴-SW财报中唯一的积极因素。仅在最近一个季度，该公司的用户数量就增加了3200万，相当于用户年化增长率约为20%。这对未来几个季度来说是个好兆头，因为阿里巴巴-SW平台上的更多用户应该会转化为更高的收入。最重要的是，强劲的用户增长表明，对阿里巴巴-SW平台提供的购物服务的需求仍在增长——市场根本没有饱和。阿里巴巴-SW的EBITDA也同比增长了25%，这也是一个有吸引力的增长速度，尽管管理层在评级关键增长领域的投资不断增加，但这一增长还是实现了。与此同时，由于一些运营杠杆，运营收入增长速度更快，经调整阿里巴巴-SW第一季度必须支付的罚款后，同比增长48%。我认为，为了更清楚地了解阿里巴巴-SW平均季度的基本“核心”盈利能力，放弃这一一次性项目是有意义的。</blockquote></p><p> Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p><p><blockquote>因此，相对于大盘和其他科技股，阿里巴巴-SW集团的股价表现疲软，并不是经营业绩疲软的结果，而是多重压缩的结果，原因是投资者情绪疲软以及对监管的担忧。</blockquote></p><p> At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p><p><blockquote>以目前220美元的价格计算，与目前分析师298美元的一致目标价相比，阿里巴巴的交易价格有相当大的折扣。如果阿里巴巴-SW达到这一目标，股价将上涨35%。分析师的价格目标通常以1年的时间框架发布，因此，如果分析师界是正确的，阿里巴巴-SW可能是一项伟大的投资。从估值的角度来看，这个目标价似乎一点也不离谱，因为298美元相当于今年预期净利润的29倍左右，或明年净利润的23倍。当我们谈论2022年夏季（即一年后）的价格目标时，后者可能更能说明问题。</blockquote></p><p> <b>Can Alibaba Stock Hit $500?</b></p><p><blockquote><b>阿里巴巴-SW股价能否触及500美元？</b></blockquote></p><p> The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p><p><blockquote>我认为，这个问题的答案取决于你的时间框架。如果你着眼于12个月的窗口期，那么阿里巴巴-SW很可能无法达到500美元。300美元左右的价格目标似乎是可以实现的，尽管这当然也不能保证。然而，如果我们从更长远的角度来看，那么500美元似乎是阿里巴巴最终可能触及的股价。让我们看几个例子。</blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW在某个时候每股收益为20美元，市盈率为25倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为25美元，市盈率为20倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为17美元，交易价格为净利润的29倍，那么股价将为（略低于）500美元。</i></blockquote></p><p></p><p> We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p><p><blockquote>我们看到，有很多情况可能会让阿里巴巴的股价达到500美元，其中一些情况比其他情况更有可能。当然，你的目标倍数越高，所需的收益就越低。这反过来意味着可以更快达到价格目标，因为所需的累计盈利增长较少。当我们看一下阿里巴巴-SW过去的估值时，我们会发现阿里巴巴的长期市盈率中位数如下所示：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p><p><blockquote>阿里巴巴-SW的净利润为30-40倍，相对于目前的股价估值（约为今年盈利的20倍），显然存在巨大溢价。我认为目前的估值太低，但另一方面，我预计阿里巴巴-SW未来几年的净利润不会达到30倍、35倍甚至40倍。由于阿里巴巴-SW的规模不断扩大，这使得其在未来几年保持出色的增长变得更加困难，与过去的估值相比，未来几年的股价可能会较低。</blockquote></p><p> I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p><p><blockquote>我仍然认为，从目前21倍左右的市盈率来看，该股确实有一定的估值扩张潜力，因此让我们假设该股未来的净利润为23倍。与历史估值相比，这仍然是一个巨大的折扣，与美国高科技大型股的估值相比也是一个巨大的折扣——例如，亚马逊(AMZN)的交易价格是今年市盈率的59倍。</blockquote></p><p> If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p><p><blockquote>如果我们想使用23倍的市盈率将阿里巴巴的股价达到500美元，那么阿里巴巴-SW必须产生的每股收益为21.70美元。什么时候会是这种情况？在下图中，我们看到了本年度、明年（2022财年）和2023财年的每股收益预测：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p><p><blockquote>如果分析师是对的，阿里巴巴-SW到2023年每股收益将无法达到22美元，我认为这是现实的。我也不认为今年到2023年间每股收益会增长100%以上。从2023年开始，阿里巴巴-SW的每股收益需要再增长43%才能达到21.70美元，这是我们500美元股价的“目标每股收益”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p><p><blockquote>分析师目前预测长期每股收益增长约为27%，这意味着阿里巴巴-SW需要大约1.5年的时间才能将每股收益从15.20美元（2023年估计）增长到我们21.70美元的目标。即使我们假设这过于乐观，2024年和2025年的增长率仅为20%，到2025年底每股收益也可能达到21.70美元。因此，换句话说，如果阿里巴巴-SW的增长略低于分析师目前的预测，那么到2025年底（即4.5年后），阿里巴巴-SW的交易价格可能会达到500美元。请注意，这种情况根本不需要很高的市盈率——我相信，阿里巴巴-SW的净利润为23倍，价格并不昂贵。</blockquote></p><p> We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p><p><blockquote>我们可以更加保守地假设2023年每股收益预期过高10%，并且2023年之后的几年每股收益每年仅增长17%（而分析师社区的长期预测为每年27%）。在这种情况下，阿里巴巴-SW的每股收益将在2026年达到21.70美元，股价将在未来5.5年内升至500美元。即使在这种情况下，阿里巴巴也根本不是一项糟糕的投资——未来5.5年内股价较当前水平上涨130%，相当于年化回报率为16%。</blockquote></p><p> So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p><p><blockquote>所以，总结一下这一部分，我想说<i>是的，阿里巴巴可以达到500美元</i>——但实际上需要几年时间。到2020年代中期，对我来说，这似乎是一个非常可以实现的目标，尽管当然没有任何保证。</blockquote></p><p> <b>Is Alibaba Stock A Buy Or Sell Now?</b></p><p><blockquote><b>阿里巴巴-SW股票现在是买入还是卖出？</b></blockquote></p><p> Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p><p><blockquote>我认为，阿里巴巴-SW集团是一项强有力的投资。该公司增长强劲，利润来自多个长期宏观趋势，例如中国消费者支出的增长、电子商务市场份额的增长和云计算。然而，也有一些风险需要考虑：阿里巴巴-SW高度依赖中国，如果中国的经济增长故事结束，阿里巴巴-SW将受到很大伤害。最重要的是，阿里巴巴-SW可能会再次成为监管机构的目标，尽管我个人认为伤害中国增长最快的科技公司之一不符合中国的最佳利益。</blockquote></p><p></p><p> For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p><p><blockquote>对于那些担心这些风险的人来说，阿里巴巴-SW可能不是正确的选择，但对于那些认为阿里巴巴-SW对中国消费者来说可能非常有益的投资的人来说，阿里巴巴可能是多元化投资组合中的一个强有力的选择。我属于后一类，因此按当前估值将该股评级为买入，预计未来几年将大幅上涨。然而，根据您的风险承受能力以及您如何权衡投资中国公司的机会和威胁，您可能会做出不同的决定。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154529120","content_text":"Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing the latter.\nIn the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.\n\nPhoto by efetova/iStock via Getty Images\nArticle Thesis\nAlibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.\nBABA Stock Price\nSince its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:\nData byYCharts\nShares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.\nAlibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.\nAt its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.\nCan Alibaba Stock Hit $500?\nThe answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.\n- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.\nWe see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:\nData byYCharts\nAt 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.\nI still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.\nIf we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:\nData byYCharts\nIf analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.\nData byYCharts\nAnalysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.\nWe can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.\nSo, to sum this section up, I'd sayyes, BABA can hit $500-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.\nIs Alibaba Stock A Buy Or Sell Now?\nAlibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.\nFor those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137484587,"gmtCreate":1622378031749,"gmtModify":1634101937065,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like anf comment","listText":"Like anf comment","text":"Like anf comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/137484587","repostId":"2138948877","repostType":4,"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196513498,"gmtCreate":1621072768914,"gmtModify":1634194150178,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"To the moon🌚","listText":"To the moon🌚","text":"To the moon🌚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/196513498","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","kind":"news","pubTimestamp":1621004581,"share":"https://www.laohu8.com/m/news/1163454382?lang=zh_CN&edition=full","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>在再次融资后，AMC投资者有理由更加乐观。</b><b>发生了什么</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的股价上涨是在该公司宣布筹集4.28亿美元后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，美国疾病控制和预防中心（CDC）发布了一份关于当前健康和安全协议的新声明，称完全接种疫苗的人可以在不戴口罩或保持身体距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这将使电影院能够满负荷开放，并成为接种疫苗的电影顾客的理想目的地。同样在昨天，<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）宣布了季度收益报告，首席执行官鲍勃·查佩克指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是积极的，但迪士尼也报告称其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>流媒体订阅量的下降对影院业务来说可能是一个积极的信号。随着疫苗接种的继续推广，以及疾病预防控制中心现在正式批准在不戴口罩的情况下与人群聚集在室内，剧院的上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动。在一年多的时间里，电影院可能会成为人们最喜欢的目的地。在另一次融资之后，AMC投资者可能认为这家公司终于有了一条充满希望的未来之路。</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 AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</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 AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-05-14 23:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>在再次融资后，AMC投资者有理由更加乐观。</b><b>发生了什么</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的股价上涨是在该公司宣布筹集4.28亿美元后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，美国疾病控制和预防中心（CDC）发布了一份关于当前健康和安全协议的新声明，称完全接种疫苗的人可以在不戴口罩或保持身体距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这将使电影院能够满负荷开放，并成为接种疫苗的电影顾客的理想目的地。同样在昨天，<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）宣布了季度收益报告，首席执行官鲍勃·查佩克指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是积极的，但迪士尼也报告称其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>流媒体订阅量的下降对影院业务来说可能是一个积极的信号。随着疫苗接种的继续推广，以及疾病预防控制中心现在正式批准在不戴口罩的情况下与人群聚集在室内，剧院的上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动。在一年多的时间里，电影院可能会成为人们最喜欢的目的地。在另一次融资之后，AMC投资者可能认为这家公司终于有了一条充满希望的未来之路。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194071408,"gmtCreate":1621329930104,"gmtModify":1634192401700,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/194071408","repostId":"2136738931","repostType":4,"repost":{"id":"2136738931","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":1621318800,"share":"https://www.laohu8.com/m/news/2136738931?lang=zh_CN&edition=full","pubTime":"2021-05-18 14:20","market":"hk","language":"en","title":"JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2136738931","media":"Tiger Newspress","summary":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering  to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion  if the deal is priced at the top end.JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics' offering is expected to be the second multibilli","content":"<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p><blockquote>中国电子商务巨头京东的物流部门周一开始向散户投资者推销其在香港的首次公开募股（IPO），价格范围为每股39.36港元至43.36港元，如果交易定价在最高端，该公司可能会筹集高达264亿港元（34亿美元）。<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（点击此处申请京东物流股份）</b></a><b></b></blockquote></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p><blockquote>京东物流的公开发行将从周一持续到周五。其股票预计将于5月28日在香港交易所主板开始交易。</blockquote></p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><blockquote>京东物流计划出售6.092亿股股票，占其扩大后股本的10%。如果需求强劲，则有超额配股权可再出售最多9140万股。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p><blockquote></blockquote></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><blockquote>阁下的申请必须认购最少100股香港发售股份，并按下表所列其中一个数目认购。您需要支付您选择的号码旁边的金额。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p><blockquote></blockquote></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p><blockquote>京东物流的发行预计将是今年港交所第二笔数十亿美元的IPO，此前腾讯控股支持的短视频平台快手科技在1月份筹集了62亿美元。快手的发行是今年迄今为止全球最大的IPO。</blockquote></p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p><blockquote>八名基石投资者已承诺购买总价值15亿美元的京东物流股票，如果交易定价为最高端，这将占其全球发行的约39%。</blockquote></p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p><blockquote>投资者包括软银、新加坡主权财富基金淡马锡控股、中国结构性改革基金以及黑石、老虎环球管理等资产管理公司。</blockquote></p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p><blockquote>美银证券、高盛和海通国际担任此次交易的联席保荐人，瑞银则担任财务顾问。</blockquote></p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p><blockquote>假设该交易定价为最高端，京东物流的市值将为2641亿港元，估值高于中通快递。</blockquote></p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p><blockquote>总部位于上海的中通去年9月通过二次上市在港上市时，市值为1807亿港元，阿里巴巴-SW集团是其股东之一。阿里巴巴-SW拥有《南华早报》。</blockquote></p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p><blockquote>投资者将渴望了解更多有关京东物流盈利计划的信息。这家总部位于北京的公司在招股说明书中表示，预计今年的净亏损将更大，此前2018年亏损28亿元人民币（4.35亿美元），2019年亏损22亿元人民币，2020年亏损40亿元人民币。</blockquote></p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p><blockquote>该公司在招股说明书草案中表示：“由于我们目前将业务增长和市场份额扩大置于盈利能力之上，因此我们的盈利状况在中短期内可能会出现重大波动。”</blockquote></p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p><blockquote>京东物流正在寻求与中通和韵达控股等其他参与者区分开来，将自己标榜为一家技术驱动的物流服务提供商，使用自主移动机器人、分拣机器人和自动驾驶汽车来提高配送速度和准确性。</blockquote></p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p><blockquote>从技术角度推销股票销售可以帮助京东物流描绘更积极的前景。这是因为快递行业的竞争尤其激烈，有报道称一些新参与者以低于成本的价格提供服务来抢占业务。</blockquote></p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p><blockquote>华兴资本分析师查理·陈(Charlie Chen)表示，过去三年，由于市场竞争激烈，快递公司每个包裹的平均收入下降了50%至60%。</blockquote></p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p><blockquote>中国最大的快递服务提供商顺丰本月震惊市场，此前该公司预测第一季度亏损11亿元人民币，引发了对其股票的抛售。截至周五收盘，其在上海的股价较2月中旬的峰值几乎腰斩。</blockquote></p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p><blockquote>中通、圆通快递、申通快递、顺丰快递和韵达控股这五家公司占据了中国快递服务市场近80%的份额。</blockquote></p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</p><p><blockquote>就支出而言，中国是全球最大的物流市场，2020年物流总支出达到14.9万亿元。京东物流招股说明书中引用的研究公司灼识咨询的数据显示，预计到2025年，这一数字将增至19.3万亿元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</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\">2021-05-18 14:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p><blockquote>中国电子商务巨头京东的物流部门周一开始向散户投资者推销其在香港的首次公开募股（IPO），价格范围为每股39.36港元至43.36港元，如果交易定价在最高端，该公司可能会筹集高达264亿港元（34亿美元）。<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（点击此处申请京东物流股份）</b></a><b></b></blockquote></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p><blockquote>京东物流的公开发行将从周一持续到周五。其股票预计将于5月28日在香港交易所主板开始交易。</blockquote></p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><blockquote>京东物流计划出售6.092亿股股票，占其扩大后股本的10%。如果需求强劲，则有超额配股权可再出售最多9140万股。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p><blockquote></blockquote></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><blockquote>阁下的申请必须认购最少100股香港发售股份，并按下表所列其中一个数目认购。您需要支付您选择的号码旁边的金额。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p><blockquote></blockquote></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p><blockquote>京东物流的发行预计将是今年港交所第二笔数十亿美元的IPO，此前腾讯控股支持的短视频平台快手科技在1月份筹集了62亿美元。快手的发行是今年迄今为止全球最大的IPO。</blockquote></p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p><blockquote>八名基石投资者已承诺购买总价值15亿美元的京东物流股票，如果交易定价为最高端，这将占其全球发行的约39%。</blockquote></p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p><blockquote>投资者包括软银、新加坡主权财富基金淡马锡控股、中国结构性改革基金以及黑石、老虎环球管理等资产管理公司。</blockquote></p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p><blockquote>美银证券、高盛和海通国际担任此次交易的联席保荐人，瑞银则担任财务顾问。</blockquote></p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p><blockquote>假设该交易定价为最高端，京东物流的市值将为2641亿港元，估值高于中通快递。</blockquote></p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p><blockquote>总部位于上海的中通去年9月通过二次上市在港上市时，市值为1807亿港元，阿里巴巴-SW集团是其股东之一。阿里巴巴-SW拥有《南华早报》。</blockquote></p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p><blockquote>投资者将渴望了解更多有关京东物流盈利计划的信息。这家总部位于北京的公司在招股说明书中表示，预计今年的净亏损将更大，此前2018年亏损28亿元人民币（4.35亿美元），2019年亏损22亿元人民币，2020年亏损40亿元人民币。</blockquote></p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p><blockquote>该公司在招股说明书草案中表示：“由于我们目前将业务增长和市场份额扩大置于盈利能力之上，因此我们的盈利状况在中短期内可能会出现重大波动。”</blockquote></p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p><blockquote>京东物流正在寻求与中通和韵达控股等其他参与者区分开来，将自己标榜为一家技术驱动的物流服务提供商，使用自主移动机器人、分拣机器人和自动驾驶汽车来提高配送速度和准确性。</blockquote></p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p><blockquote>从技术角度推销股票销售可以帮助京东物流描绘更积极的前景。这是因为快递行业的竞争尤其激烈，有报道称一些新参与者以低于成本的价格提供服务来抢占业务。</blockquote></p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p><blockquote>华兴资本分析师查理·陈(Charlie Chen)表示，过去三年，由于市场竞争激烈，快递公司每个包裹的平均收入下降了50%至60%。</blockquote></p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p><blockquote>中国最大的快递服务提供商顺丰本月震惊市场，此前该公司预测第一季度亏损11亿元人民币，引发了对其股票的抛售。截至周五收盘，其在上海的股价较2月中旬的峰值几乎腰斩。</blockquote></p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p><blockquote>中通、圆通快递、申通快递、顺丰快递和韵达控股这五家公司占据了中国快递服务市场近80%的份额。</blockquote></p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</p><p><blockquote>就支出而言，中国是全球最大的物流市场，2020年物流总支出达到14.9万亿元。京东物流招股说明书中引用的研究公司灼识咨询的数据显示，预计到2025年，这一数字将增至19.3万亿元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136738931","content_text":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.（Click here To apply for the JD Logistics Shares）JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.","news_type":1,"symbols_score_info":{"02618":0.9}},"isVote":1,"tweetType":1,"viewCount":834,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104312028,"gmtCreate":1620355284764,"gmtModify":1634205809792,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/104312028","repostId":"1186778449","repostType":4,"repost":{"id":"1186778449","kind":"news","pubTimestamp":1620341777,"share":"https://www.laohu8.com/m/news/1186778449?lang=zh_CN&edition=full","pubTime":"2021-05-07 06:56","market":"us","language":"en","title":"Dow closes at record high after upbeat jobless claims report<blockquote>乐观的初请失业金人数报告公布后，道琼斯指数收于历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186778449","media":"Reuters","summary":"The Dow Jones Industrial Averageclosed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by $Apple$ Inc, the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.$Investors$ were awaiting a mor","content":"<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.</p><p><blockquote>道琼斯工业平均指数（。DJI）周四收于创纪录高位，受到乐观的每周初请失业金报告的支撑，而在美国总统乔·拜登支持放弃新冠肺炎疫苗专利的计划后，疫苗制造商的股价下跌。</blockquote></p><p>Lifted by <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), the S&amp;P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.</p><p><blockquote>提升者<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc(AAPL.O)，劳工部报告显示，截至5月1日当周，经季节调整后首次申请州失业救济人数为498,000人，而前一周为590,000人，标普500上涨。</blockquote></p><p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>我们正在等待周五更全面的非农就业报告，以寻找有关劳动力市场实力以及美联储可能的货币政策立场的线索。</blockquote></p><p>\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.</p><p><blockquote>CFRA Research首席投资策略师Sam Stovall表示：“投资者受到低利率和政府对经济的刺激措施的鼓舞。我们还看到经济预测和盈利预测大幅上升。”</blockquote></p><p>Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.</p><p><blockquote>在白宫表示拜登决定支持新冠肺炎疫苗知识产权豁免提案后，制药公司股价下跌。</blockquote></p><p>Shares in <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> Inc(PFE.N), Moderna Inc(MRNA.O)and <a href=\"https://laohu8.com/S/NVAX\">Novavax</a> Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. <a href=\"https://laohu8.com/S/00179\">Johnson</a> &amp; Johnson(JNJ.N)was near unchanged.</p><p><blockquote>于<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>Inc(PFE.N)、Moderna Inc(MRNA.O)和<a href=\"https://laohu8.com/S/NVAX\">Novavax</a>Inc（NVAX.O），所有参与新冠肺炎疫苗制造的公司都下跌了。<a href=\"https://laohu8.com/S/00179\">约翰逊</a>&amp;约翰逊(JNJ.N)几乎没有变化。</blockquote></p><p>The S&amp;P 500 healthcare sector index(.SPXHC)slipped, while the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> biotechnology index &lt;.NBI&gt; also dropped.</p><p><blockquote>标普500医疗保健行业指数(.SPXHC)下跌，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>生物技术指数&lt;.NBI&gt;也掉了。</blockquote></p><p>Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.</p><p><blockquote>Moderna表示，即使疫苗专利被放弃，全球各国仍将在数年内继续购买其COVID-19疫苗，该公司股价小幅下跌。</blockquote></p><p>The S&amp;P 500 financials index(.SPSY)was among the top performers.</p><p><blockquote>标普500金融指数(.SPSY)是表现最好的股票之一。</blockquote></p><p>\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as <a href=\"https://laohu8.com/S/AONE\">one</a> that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.</p><p><blockquote>“我们看到很多机会的一个行业是金融业。我们认为它是<a href=\"https://laohu8.com/S/AONE\">一</a>这应该会受益于更高的利率和更强劲的经济复苏，”总部位于芝加哥的人民币资本投资组合经理安·冈特利(Ann Guntli)表示。</blockquote></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp(MSFT.O), Apple(AAPL.O)and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Incwere up under 1% for most of the session.</p><p><blockquote><a href=\"https://laohu8.com/S/MSFT\">微软</a>公司(MSFT.O)、苹果(AAPL.O)和<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>该股大部分时间涨幅均低于1%。</blockquote></p><p>Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&amp;P 500(.SPX)gained 0.82% to 4,201.58.</p><p><blockquote>非官方数据显示，道琼斯工业平均指数(.DJI)上涨0.92%，收于34,545.11点，标普500(.SPX)上涨0.82%，收于4,201.58点。</blockquote></p><p>The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.</p><p><blockquote>纳斯达克综合指数(.IXIC)上涨0.37%，至13,632.84点。</blockquote></p><p><a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&amp;P 500 consumers staple index higher.</p><p><blockquote><a href=\"https://laohu8.com/S/COST\">Costco</a>批发(COST.O)周三晚间表示，其4月份销售额飙升33.5%，随后该零售商股价上涨。这一反弹帮助推高了标普500消费必需品指数。</blockquote></p><p><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.</p><p><blockquote><a href=\"https://laohu8.com/S/REGN\">再生元制药</a>Inc(REGN.O)上涨，此前该制药商公布了好于预期的季度利润，并表示预计对其COVID-19抗体疗法的需求将保持不变。</blockquote></p><p><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>科技公司（UBER.N）表示，随着疫情的消退，将向司机支付更多费用，让汽车重新上路，并披露了6亿美元的费用，为英国司机提供福利，股价暴跌。</blockquote></p><p><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">Square</a> gets a bitcoin boost with revenue up 266%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">平方</a>比特币增长，收入增长266%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">Beyond Meat swings to a loss as grocery sales growth slows</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">随着杂货销售增长放缓，Beyond Meat陷入亏损</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku Q1 Active Account Growth Slows, Revenue Booms 79%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku第一季度活跃账户增长放缓，收入猛增79%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton Crushes Forecasts But Cuts <a href=\"https://laohu8.com/S/GUID\">Guidance</a> Amid Treadmill Recall</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton超出预期但削减<a href=\"https://laohu8.com/S/GUID\">指导</a>跑步机召回</a></blockquote></p><p><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back</a></p><p><blockquote><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">随着影迷回流，AMC连锁店亏损5.672亿美元</a></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow closes at record high after upbeat jobless claims report<blockquote>乐观的初请失业金人数报告公布后，道琼斯指数收于历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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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\">\nDow closes at record high after upbeat jobless claims report<blockquote>乐观的初请失业金人数报告公布后，道琼斯指数收于历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-05-07 06:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.</p><p><blockquote>道琼斯工业平均指数（。DJI）周四收于创纪录高位，受到乐观的每周初请失业金报告的支撑，而在美国总统乔·拜登支持放弃新冠肺炎疫苗专利的计划后，疫苗制造商的股价下跌。</blockquote></p><p>Lifted by <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), the S&amp;P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.</p><p><blockquote>提升者<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc(AAPL.O)，劳工部报告显示，截至5月1日当周，经季节调整后首次申请州失业救济人数为498,000人，而前一周为590,000人，标普500上涨。</blockquote></p><p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>我们正在等待周五更全面的非农就业报告，以寻找有关劳动力市场实力以及美联储可能的货币政策立场的线索。</blockquote></p><p>\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.</p><p><blockquote>CFRA Research首席投资策略师Sam Stovall表示：“投资者受到低利率和政府对经济的刺激措施的鼓舞。我们还看到经济预测和盈利预测大幅上升。”</blockquote></p><p>Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.</p><p><blockquote>在白宫表示拜登决定支持新冠肺炎疫苗知识产权豁免提案后，制药公司股价下跌。</blockquote></p><p>Shares in <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> Inc(PFE.N), Moderna Inc(MRNA.O)and <a href=\"https://laohu8.com/S/NVAX\">Novavax</a> Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. <a href=\"https://laohu8.com/S/00179\">Johnson</a> &amp; Johnson(JNJ.N)was near unchanged.</p><p><blockquote>于<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>Inc(PFE.N)、Moderna Inc(MRNA.O)和<a href=\"https://laohu8.com/S/NVAX\">Novavax</a>Inc（NVAX.O），所有参与新冠肺炎疫苗制造的公司都下跌了。<a href=\"https://laohu8.com/S/00179\">约翰逊</a>&amp;约翰逊(JNJ.N)几乎没有变化。</blockquote></p><p>The S&amp;P 500 healthcare sector index(.SPXHC)slipped, while the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> biotechnology index &lt;.NBI&gt; also dropped.</p><p><blockquote>标普500医疗保健行业指数(.SPXHC)下跌，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>生物技术指数&lt;.NBI&gt;也掉了。</blockquote></p><p>Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.</p><p><blockquote>Moderna表示，即使疫苗专利被放弃，全球各国仍将在数年内继续购买其COVID-19疫苗，该公司股价小幅下跌。</blockquote></p><p>The S&amp;P 500 financials index(.SPSY)was among the top performers.</p><p><blockquote>标普500金融指数(.SPSY)是表现最好的股票之一。</blockquote></p><p>\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as <a href=\"https://laohu8.com/S/AONE\">one</a> that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.</p><p><blockquote>“我们看到很多机会的一个行业是金融业。我们认为它是<a href=\"https://laohu8.com/S/AONE\">一</a>这应该会受益于更高的利率和更强劲的经济复苏，”总部位于芝加哥的人民币资本投资组合经理安·冈特利(Ann Guntli)表示。</blockquote></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp(MSFT.O), Apple(AAPL.O)and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Incwere up under 1% for most of the session.</p><p><blockquote><a href=\"https://laohu8.com/S/MSFT\">微软</a>公司(MSFT.O)、苹果(AAPL.O)和<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>该股大部分时间涨幅均低于1%。</blockquote></p><p>Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&amp;P 500(.SPX)gained 0.82% to 4,201.58.</p><p><blockquote>非官方数据显示，道琼斯工业平均指数(.DJI)上涨0.92%，收于34,545.11点，标普500(.SPX)上涨0.82%，收于4,201.58点。</blockquote></p><p>The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.</p><p><blockquote>纳斯达克综合指数(.IXIC)上涨0.37%，至13,632.84点。</blockquote></p><p><a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&amp;P 500 consumers staple index higher.</p><p><blockquote><a href=\"https://laohu8.com/S/COST\">Costco</a>批发(COST.O)周三晚间表示，其4月份销售额飙升33.5%，随后该零售商股价上涨。这一反弹帮助推高了标普500消费必需品指数。</blockquote></p><p><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.</p><p><blockquote><a href=\"https://laohu8.com/S/REGN\">再生元制药</a>Inc(REGN.O)上涨，此前该制药商公布了好于预期的季度利润，并表示预计对其COVID-19抗体疗法的需求将保持不变。</blockquote></p><p><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>科技公司（UBER.N）表示，随着疫情的消退，将向司机支付更多费用，让汽车重新上路，并披露了6亿美元的费用，为英国司机提供福利，股价暴跌。</blockquote></p><p><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">Square</a> gets a bitcoin boost with revenue up 266%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">平方</a>比特币增长，收入增长266%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">Beyond Meat swings to a loss as grocery sales growth slows</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">随着杂货销售增长放缓，Beyond Meat陷入亏损</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku Q1 Active Account Growth Slows, Revenue Booms 79%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku第一季度活跃账户增长放缓，收入猛增79%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton Crushes Forecasts But Cuts <a href=\"https://laohu8.com/S/GUID\">Guidance</a> Amid Treadmill Recall</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton超出预期但削减<a href=\"https://laohu8.com/S/GUID\">指导</a>跑步机召回</a></blockquote></p><p><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back</a></p><p><blockquote><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">随着影迷回流，AMC连锁店亏损5.672亿美元</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果",".DJI":"道琼斯","PTON":"Peloton Interactive, Inc.","BYND":"Beyond Meat, Inc.","NVAX":"诺瓦瓦克斯医药","JNJ":"强生","COST":"好市多",".IXIC":"NASDAQ Composite","PFE":"辉瑞","MSFT":"微软","REGN":"再生元制药公司","ROKU":"Roku Inc","UBER":"优步","MRNA":"Moderna, Inc.",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186778449","content_text":"The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by Apple Inc(AAPL.O), the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.Investors were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.Shares in Pfizer Inc(PFE.N), Moderna Inc(MRNA.O)and Novavax Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. Johnson & Johnson(JNJ.N)was near unchanged.The S&P 500 healthcare sector index(.SPXHC)slipped, while the Nasdaq biotechnology index <.NBI> also dropped.Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.The S&P 500 financials index(.SPSY)was among the top performers.\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as one that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.Microsoft Corp(MSFT.O), Apple(AAPL.O)and Amazon.com Incwere up under 1% for most of the session.Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&P 500(.SPX)gained 0.82% to 4,201.58.The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.Costco Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&P 500 consumers staple index higher.Regeneron Pharmaceuticals Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.Uber Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.Square gets a bitcoin boost with revenue up 266%Beyond Meat swings to a loss as grocery sales growth slowsRoku Q1 Active Account Growth Slows, Revenue Booms 79%Peloton Crushes Forecasts But Cuts Guidance Amid Treadmill RecallAMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back","news_type":1,"symbols_score_info":{"COST":0.9,"PFE":0.9,"NVAX":0.9,".IXIC":0.9,"JNJ":0.9,"MSFT":0.9,"PTON":0.9,"REGN":0.9,"BYND":0.9,"MRNA":0.9,".SPX":0.9,"SQ":0.9,"ROKU":0.9,"UBER":0.9,"AAPL":0.9,"SPSY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106808042,"gmtCreate":1620098037986,"gmtModify":1634207827142,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and commemt","listText":"Like and commemt","text":"Like and commemt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/106808042","repostId":"1147234999","repostType":4,"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109214999,"gmtCreate":1619699595511,"gmtModify":1634210635531,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/109214999","repostId":"1169827391","repostType":4,"repost":{"id":"1169827391","kind":"news","pubTimestamp":1619664680,"share":"https://www.laohu8.com/m/news/1169827391?lang=zh_CN&edition=full","pubTime":"2021-04-29 10:51","market":"us","language":"en","title":"Amazon Earnings Will Be Fantastic. What That Means for the Stock.<blockquote>亚马逊的盈利将会非常出色。这对股票意味着什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169827391","media":"Barrons","summary":"Stock in Amazon.com has barely budged since the e-commerce and cloud- computing giant reported stell","content":"<p>Stock in Amazon.com has barely budged since the e-commerce and cloud- computing giant reported stellar fourth-quarter results that were overshadowed by the news that CEO Jeff Bezos will shift into the role of&nbsp; executive chairman, with Amazon Web Services chief Andy Jassy taking over the top slot.</p><p><blockquote>自从这家电子商务和云计算巨头公布了出色的第四季度业绩以来，亚马逊的股价几乎没有变化，但首席执行官杰夫·贝索斯(Jeff Bezos)将出任执行董事长、亚马逊网络服务(Amazon Web Services)首席执行官安迪·贾西(Andy Jassy)接任执行董事长的消息掩盖了这一消息。顶部插槽。</blockquote></p><p> The combination of that pending change, along with uncertainty over how the reopening of the economy will affect shopping behavior, has some investors a little uneasy about the stock’s near-term prospects.</p><p><blockquote>这种即将发生的变化，加上经济重新开放将如何影响购物行为的不确定性，让一些投资者对该股的近期前景感到有点不安。</blockquote></p><p> They will get a fresh look at the situation after the close of trading on Thursday, when Amazon (ticker: AMZN) posts its results for the March quarter. Amazon has told investors to expect revenue of $100 billion to $106 billion, with operating income of between $3 billion and $6.5 billion, and about $2 billion in costs related to Covid-19. The Wall Street consensus calls for revenue of $104.5 billion, with profits of $9.54 a share.</p><p><blockquote>周四收盘后，亚马逊（股票代码：AMZN）将公布三月份季度业绩，他们将重新审视形势。亚马逊曾告诉投资者，预计营收为1000亿至1060亿美元，营业收入在30亿至65亿美元之间，与Covid-19相关的成本约为20亿美元。华尔街一致认为评级营收为1045亿美元，每股利润为9.54美元。</blockquote></p><p> The Street also clearly expects the quarter’s results to show continued strength in e-commerce. According to FactSet, Wall Street analysts expect online-stores revenue of $51.5 billion, up 41% from a year ago, with third-party sales of $21.7 billion, up 50%. Subscription revenues are expected to be $7.3 billion, up 32%, while revenue from physical stores is expected to be $4.3 billion, down 8%. AWS revenues are projected at $13.2 billion, up 29%.</p><p><blockquote>华尔街还明确预计本季度业绩将显示电子商务的持续强劲。根据FactSet的数据，华尔街分析师预计在线商店收入为515亿美元，同比增长41%，第三方销售额为217亿美元，增长50%。订阅收入预计为73亿美元，增长32%，而实体店收入预计为43亿美元，下降8%。AWS收入预计为132亿美元，增长29%。</blockquote></p><p> One open question is what forecasts the company will make for the June quarter as parts of the country begin to return to more normal economic activity. The Street is projecting June quarter revenue of $108.7 billion and profits of $10.81 a share.</p><p><blockquote>一个悬而未决的问题是，随着该国部分地区开始恢复更正常的经济活动，该公司将对六月季度做出什么预测。华尔街预计6月份季度营收为1087亿美元，每股利润为10.81美元。</blockquote></p><p> In an earnings preview note, Truist analyst Youssef Squali&nbsp;reiterated a Buy rating on the stock and a target of $3,750 for the share price. The stock closed Tuesday at $3,417.43, up 4.9% year to date.</p><p><blockquote>在财报预览报告中，Truist分析师Youssef Squali重申了对该股的买入评级，并将股价目标定为3,750美元。该股周二收于3,417.43美元，今年迄今上涨4.9%。</blockquote></p><p> He expects revenue to come in at the high end of the range Amazon predicted, saying e-commerce demand has remained strong both in the U.S. and internationally, given that the pandemic has been slow to subside. Conversations with people in the industry and strong earning disclosed last week by Snap bode well for Amazon’s ad business, which is lumped into a category called “other,” he wrote. He also thinks the market continues to underestimate the long-term growth potential of the dominance of the company’s two key businesses—e-commerce and AWS—as well as the company’s “emerging leadership in online advertising.”</p><p><blockquote>他预计收入将达到亚马逊预测范围的高端，并表示鉴于疫情缓慢消退，美国和国际上的电子商务需求仍然强劲。他写道，与业内人士的对话以及Snap上周披露的强劲盈利对亚马逊的广告业务来说是个好兆头，亚马逊的广告业务被归入“其他”类别。他还认为，市场继续低估该公司两项关键业务——电子商务和AWS——的主导地位的长期增长潜力，以及该公司“在在线广告领域的新兴领导地位”。</blockquote></p><p> Stifel analyst Scott Devitt&nbsp;is similarly bullish, repeating a Buy rating and $4,000 target price. He sees 40% top-line growth, a little ahead of the Street consensus. “The focus on the report will largely center on the outlook as Amazon laps the difficult prior year compares from the onset of the pandemic,” he wrote in a research note.</p><p><blockquote>Stifel分析师Scott Devitt同样看好，重申买入评级和4,000美元的目标价。他预计营收将增长40%，略高于华尔街共识。他在一份研究报告中写道：“与大流行爆发以来的前一年相比，亚马逊经历了困难的一年，该报告的重点将主要集中在前景上。”</blockquote></p><p> “Growth in a post-Covid environment remains largely uncertain for Amazon and across the e-commerce landscape,” Devitt said. “Our [June quarter] revenue estimates are ahead of consensus as we see tailwinds stemming from strong growth in new Prime members and diversification across geographies and categories supporting the retail business as economies recover.” He also said AWS and the ad business are well positioned for a recovery.</p><p><blockquote>德维特表示：“对于亚马逊和整个电子商务领域来说，后疫情环境中的增长在很大程度上仍然存在不确定性。”“我们的[六月季度]收入预期领先于共识，因为我们看到随着经济复苏，新Prime会员的强劲增长以及跨地区和类别的多元化为零售业务提供了支持。”他还表示，AWS和广告业务已做好复苏的准备。</blockquote></p><p> Wedbush analyst Michael Pachter likewise maintained an Outperform rating and $4,000 target. He thinks the company will post more revenue and operating income than it had forecast, an outperformance resulting from market-share gains in e-commerce.&nbsp;</p><p><blockquote>Wedbush分析师Michael Pachter同样维持跑赢大盘评级和4,000美元的目标。他认为该公司的收入和营业收入将超出预期，这是电子商务市场份额增长带来的优异表现。</blockquote></p><p> “We believe that a more stable economy, continued imposition of shelter-in-place orders in many of Amazon’s markets, continued expansion into the very large grocery segment, and outstanding execution likely drove strong results in Q1,” he said. “In addition, Amazon Pharmacy (launched February 2) represents a U.S. [addressable market] of around $600 billion, so any market share gains could provide further upside.”</p><p><blockquote>他表示：“我们认为，经济更加稳定、亚马逊许多市场继续实施就地避难订单、向超大型杂货领域的持续扩张以及出色的执行力可能会推动第一季度的强劲业绩。”“此外，亚马逊药房（2月2日推出）代表了约6000亿美元的美国[潜在市场]，因此任何市场份额的增长都可能提供进一步的上涨空间。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Earnings Will Be Fantastic. What That Means for the Stock.<blockquote>亚马逊的盈利将会非常出色。这对股票意味着什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Earnings Will Be Fantastic. What That Means for the Stock.<blockquote>亚马逊的盈利将会非常出色。这对股票意味着什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-29 10:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock in Amazon.com has barely budged since the e-commerce and cloud- computing giant reported stellar fourth-quarter results that were overshadowed by the news that CEO Jeff Bezos will shift into the role of&nbsp; executive chairman, with Amazon Web Services chief Andy Jassy taking over the top slot.</p><p><blockquote>自从这家电子商务和云计算巨头公布了出色的第四季度业绩以来，亚马逊的股价几乎没有变化，但首席执行官杰夫·贝索斯(Jeff Bezos)将出任执行董事长、亚马逊网络服务(Amazon Web Services)首席执行官安迪·贾西(Andy Jassy)接任执行董事长的消息掩盖了这一消息。顶部插槽。</blockquote></p><p> The combination of that pending change, along with uncertainty over how the reopening of the economy will affect shopping behavior, has some investors a little uneasy about the stock’s near-term prospects.</p><p><blockquote>这种即将发生的变化，加上经济重新开放将如何影响购物行为的不确定性，让一些投资者对该股的近期前景感到有点不安。</blockquote></p><p> They will get a fresh look at the situation after the close of trading on Thursday, when Amazon (ticker: AMZN) posts its results for the March quarter. Amazon has told investors to expect revenue of $100 billion to $106 billion, with operating income of between $3 billion and $6.5 billion, and about $2 billion in costs related to Covid-19. The Wall Street consensus calls for revenue of $104.5 billion, with profits of $9.54 a share.</p><p><blockquote>周四收盘后，亚马逊（股票代码：AMZN）将公布三月份季度业绩，他们将重新审视形势。亚马逊曾告诉投资者，预计营收为1000亿至1060亿美元，营业收入在30亿至65亿美元之间，与Covid-19相关的成本约为20亿美元。华尔街一致认为评级营收为1045亿美元，每股利润为9.54美元。</blockquote></p><p> The Street also clearly expects the quarter’s results to show continued strength in e-commerce. According to FactSet, Wall Street analysts expect online-stores revenue of $51.5 billion, up 41% from a year ago, with third-party sales of $21.7 billion, up 50%. Subscription revenues are expected to be $7.3 billion, up 32%, while revenue from physical stores is expected to be $4.3 billion, down 8%. AWS revenues are projected at $13.2 billion, up 29%.</p><p><blockquote>华尔街还明确预计本季度业绩将显示电子商务的持续强劲。根据FactSet的数据，华尔街分析师预计在线商店收入为515亿美元，同比增长41%，第三方销售额为217亿美元，增长50%。订阅收入预计为73亿美元，增长32%，而实体店收入预计为43亿美元，下降8%。AWS收入预计为132亿美元，增长29%。</blockquote></p><p> One open question is what forecasts the company will make for the June quarter as parts of the country begin to return to more normal economic activity. The Street is projecting June quarter revenue of $108.7 billion and profits of $10.81 a share.</p><p><blockquote>一个悬而未决的问题是，随着该国部分地区开始恢复更正常的经济活动，该公司将对六月季度做出什么预测。华尔街预计6月份季度营收为1087亿美元，每股利润为10.81美元。</blockquote></p><p> In an earnings preview note, Truist analyst Youssef Squali&nbsp;reiterated a Buy rating on the stock and a target of $3,750 for the share price. The stock closed Tuesday at $3,417.43, up 4.9% year to date.</p><p><blockquote>在财报预览报告中，Truist分析师Youssef Squali重申了对该股的买入评级，并将股价目标定为3,750美元。该股周二收于3,417.43美元，今年迄今上涨4.9%。</blockquote></p><p> He expects revenue to come in at the high end of the range Amazon predicted, saying e-commerce demand has remained strong both in the U.S. and internationally, given that the pandemic has been slow to subside. Conversations with people in the industry and strong earning disclosed last week by Snap bode well for Amazon’s ad business, which is lumped into a category called “other,” he wrote. He also thinks the market continues to underestimate the long-term growth potential of the dominance of the company’s two key businesses—e-commerce and AWS—as well as the company’s “emerging leadership in online advertising.”</p><p><blockquote>他预计收入将达到亚马逊预测范围的高端，并表示鉴于疫情缓慢消退，美国和国际上的电子商务需求仍然强劲。他写道，与业内人士的对话以及Snap上周披露的强劲盈利对亚马逊的广告业务来说是个好兆头，亚马逊的广告业务被归入“其他”类别。他还认为，市场继续低估该公司两项关键业务——电子商务和AWS——的主导地位的长期增长潜力，以及该公司“在在线广告领域的新兴领导地位”。</blockquote></p><p> Stifel analyst Scott Devitt&nbsp;is similarly bullish, repeating a Buy rating and $4,000 target price. He sees 40% top-line growth, a little ahead of the Street consensus. “The focus on the report will largely center on the outlook as Amazon laps the difficult prior year compares from the onset of the pandemic,” he wrote in a research note.</p><p><blockquote>Stifel分析师Scott Devitt同样看好，重申买入评级和4,000美元的目标价。他预计营收将增长40%，略高于华尔街共识。他在一份研究报告中写道：“与大流行爆发以来的前一年相比，亚马逊经历了困难的一年，该报告的重点将主要集中在前景上。”</blockquote></p><p> “Growth in a post-Covid environment remains largely uncertain for Amazon and across the e-commerce landscape,” Devitt said. “Our [June quarter] revenue estimates are ahead of consensus as we see tailwinds stemming from strong growth in new Prime members and diversification across geographies and categories supporting the retail business as economies recover.” He also said AWS and the ad business are well positioned for a recovery.</p><p><blockquote>德维特表示：“对于亚马逊和整个电子商务领域来说，后疫情环境中的增长在很大程度上仍然存在不确定性。”“我们的[六月季度]收入预期领先于共识，因为我们看到随着经济复苏，新Prime会员的强劲增长以及跨地区和类别的多元化为零售业务提供了支持。”他还表示，AWS和广告业务已做好复苏的准备。</blockquote></p><p> Wedbush analyst Michael Pachter likewise maintained an Outperform rating and $4,000 target. He thinks the company will post more revenue and operating income than it had forecast, an outperformance resulting from market-share gains in e-commerce.&nbsp;</p><p><blockquote>Wedbush分析师Michael Pachter同样维持跑赢大盘评级和4,000美元的目标。他认为该公司的收入和营业收入将超出预期，这是电子商务市场份额增长带来的优异表现。</blockquote></p><p> “We believe that a more stable economy, continued imposition of shelter-in-place orders in many of Amazon’s markets, continued expansion into the very large grocery segment, and outstanding execution likely drove strong results in Q1,” he said. “In addition, Amazon Pharmacy (launched February 2) represents a U.S. [addressable market] of around $600 billion, so any market share gains could provide further upside.”</p><p><blockquote>他表示：“我们认为，经济更加稳定、亚马逊许多市场继续实施就地避难订单、向超大型杂货领域的持续扩张以及出色的执行力可能会推动第一季度的强劲业绩。”“此外，亚马逊药房（2月2日推出）代表了约6000亿美元的美国[潜在市场]，因此任何市场份额的增长都可能提供进一步的上涨空间。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/amazon-is-likely-to-post-blowout-profits-the-question-is-what-follows-51619556363?mod=hp_LEADSUPP_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-is-likely-to-post-blowout-profits-the-question-is-what-follows-51619556363?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169827391","content_text":"Stock in Amazon.com has barely budged since the e-commerce and cloud- computing giant reported stellar fourth-quarter results that were overshadowed by the news that CEO Jeff Bezos will shift into the role of  executive chairman, with Amazon Web Services chief Andy Jassy taking over the top slot.\nThe combination of that pending change, along with uncertainty over how the reopening of the economy will affect shopping behavior, has some investors a little uneasy about the stock’s near-term prospects.\nThey will get a fresh look at the situation after the close of trading on Thursday, when Amazon (ticker: AMZN) posts its results for the March quarter. Amazon has told investors to expect revenue of $100 billion to $106 billion, with operating income of between $3 billion and $6.5 billion, and about $2 billion in costs related to Covid-19. The Wall Street consensus calls for revenue of $104.5 billion, with profits of $9.54 a share.\nThe Street also clearly expects the quarter’s results to show continued strength in e-commerce. According to FactSet, Wall Street analysts expect online-stores revenue of $51.5 billion, up 41% from a year ago, with third-party sales of $21.7 billion, up 50%. Subscription revenues are expected to be $7.3 billion, up 32%, while revenue from physical stores is expected to be $4.3 billion, down 8%. AWS revenues are projected at $13.2 billion, up 29%.\nOne open question is what forecasts the company will make for the June quarter as parts of the country begin to return to more normal economic activity. The Street is projecting June quarter revenue of $108.7 billion and profits of $10.81 a share.\nIn an earnings preview note, Truist analyst Youssef Squali reiterated a Buy rating on the stock and a target of $3,750 for the share price. The stock closed Tuesday at $3,417.43, up 4.9% year to date.\nHe expects revenue to come in at the high end of the range Amazon predicted, saying e-commerce demand has remained strong both in the U.S. and internationally, given that the pandemic has been slow to subside. Conversations with people in the industry and strong earning disclosed last week by Snap bode well for Amazon’s ad business, which is lumped into a category called “other,” he wrote. He also thinks the market continues to underestimate the long-term growth potential of the dominance of the company’s two key businesses—e-commerce and AWS—as well as the company’s “emerging leadership in online advertising.”\nStifel analyst Scott Devitt is similarly bullish, repeating a Buy rating and $4,000 target price. He sees 40% top-line growth, a little ahead of the Street consensus. “The focus on the report will largely center on the outlook as Amazon laps the difficult prior year compares from the onset of the pandemic,” he wrote in a research note.\n“Growth in a post-Covid environment remains largely uncertain for Amazon and across the e-commerce landscape,” Devitt said. “Our [June quarter] revenue estimates are ahead of consensus as we see tailwinds stemming from strong growth in new Prime members and diversification across geographies and categories supporting the retail business as economies recover.” He also said AWS and the ad business are well positioned for a recovery.\nWedbush analyst Michael Pachter likewise maintained an Outperform rating and $4,000 target. He thinks the company will post more revenue and operating income than it had forecast, an outperformance resulting from market-share gains in e-commerce. \n“We believe that a more stable economy, continued imposition of shelter-in-place orders in many of Amazon’s markets, continued expansion into the very large grocery segment, and outstanding execution likely drove strong results in Q1,” he said. “In addition, Amazon Pharmacy (launched February 2) represents a U.S. [addressable market] of around $600 billion, so any market share gains could provide further upside.”","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133337359,"gmtCreate":1621696641471,"gmtModify":1634187096085,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"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/133337359","repostId":"2137906121","repostType":4,"isVote":1,"tweetType":1,"viewCount":669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103270986,"gmtCreate":1619790639845,"gmtModify":1634209913845,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"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":5,"repostSize":0,"link":"https://laohu8.com/post/103270986","repostId":"1197079056","repostType":4,"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128730462,"gmtCreate":1624530769456,"gmtModify":1634004819145,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/128730462","repostId":"1187819280","repostType":4,"repost":{"id":"1187819280","kind":"news","pubTimestamp":1624529642,"share":"https://www.laohu8.com/m/news/1187819280?lang=zh_CN&edition=full","pubTime":"2021-06-24 18:14","market":"us","language":"en","title":"The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187819280","media":"MarketWatch","summary":"5 reasons the pandemic megatrend is over.\n\nOne of the biggest investment stories of the COVID-19 pan","content":"<p>  <b>5 reasons the pandemic megatrend is over.</b>  One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.</p><p><blockquote><b>大流行大趋势结束的5个原因。</b>COVID-19大流行最大的投资故事之一是以“郊区避难所”为主题的非必需消费品股票的繁荣。从电商平台到家装店，再到家具和家居用品商家，许多表现最好的企业都符合这种口味。</blockquote></p><p> Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.</p><p><blockquote>以基础广泛的Vanguard非必需消费品指数基金ETF VCR为例，+0.66%，从2020年3月到2021年3月飙升了90%以上。这要归功于家装股Lowe's LOW(-0.30%)和Home Depot HD(-0.33%)以及TJX TJX(-0.08%)等零售商。</blockquote></p><p> Lately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&amp;P 500 SPX, -0.11% has tacked on about 6% in the same period.</p><p><blockquote>然而，最近，其中许多名称的性能开始滞后。事实上，自4月1日以来，我们看到这三只股票都小幅下跌，尽管标普500 SPX指数-0.11%同期上涨了约6%。</blockquote></p><p> And some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.</p><p><blockquote>有些人担心这可能只是开始。正如一位华尔街内部人士最近在接受彭博社采访时所说，包括五金店和家居用品商家在内的居家股票即将“大幅放松”。</blockquote></p><p> While some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.</p><p><blockquote>虽然一些知名的“郊区”交易仍然相对稳定，但麻烦的迹象已经在边缘出现。Century Communities CCS(-0.34%)和Dream Finders Homes DFH(-2.55%)这两家中型单户住宅建筑商的股价在上个月暴跌了两位数。家具方面，家电巨头惠而浦公司WHR(-0.51%)和百货公司Nordstrom JWN(+2.03%)均较春季高点大幅下跌。</blockquote></p><p> <b>Here are five big reasons why:</b></p><p><blockquote><b>以下是五大原因：</b></blockquote></p><p> <b>1.</b>&nbsp;<b>The upgrade cycle is over</b></p><p><blockquote><b>1.</b> <b>升级周期结束</b></blockquote></p><p> Last summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.</p><p><blockquote>去年夏天，被困在家里的白领们记下了逾期的项目，并利用了能够轻松与承包商见面的机会。但在许多方面，这种增长是不可持续的。</blockquote></p><p> Consider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.</p><p><blockquote>根据NPD集团的数据，考虑一下房主的购买类型。水龙头、厨柜甚至马桶都是2020年销售的最受欢迎的产品。不用说，即使是最挥霍的房主也不会遵循每年改造厨房和浴室的升级周期。</blockquote></p><p> The same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.</p><p><blockquote>家具和其他家居用品也是如此。互联网巨头Comscore在2020年5月记录了历史上相关网站的最高访问量，1.33亿网络冲浪者购买了某种家居用品。再说一次，新沙发或台灯不是每年都会购买的——所以这种趋势似乎无法持续很长时间。</blockquote></p><p> <b>2.&nbsp;Valuations are stretched</b></p><p><blockquote><b>2.估值捉襟见肘</b></blockquote></p><p> Speaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.</p><p><blockquote>谈到家居用品供应商的大流行后高峰，我们已经看到财务状况通过利润和销售额的增加证实了这些大幅增长。然而，我们也看到许多相关商家的股价飙升得更多——超出了历史标准的估值。</blockquote></p><p> Take TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.</p><p><blockquote>以TJX为例。目前，这家折扣零售商的远期市盈率超过26，而2020年春季的远期市盈率仅为21。其往绩市销率目前为2.1，而此前为1.4。</blockquote></p><p> What’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&amp;P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.</p><p><blockquote>更重要的是，TJX等之前宠儿的估值也与同行不符。考虑到目前整个标普500指数的远期市盈率为22，而其他类似的公司，如梅西百货M，+0.70%和Big Lot Big，-3.71%，实际上其远期市盈率远低于10。当然，你可以说TJX是独一无二的……但你可能也想知道目前流行的居家交易之外的许多其他股票的“公允价值”是什么样的。</blockquote></p><p> <b>3.&nbsp;Delays and shortages</b></p><p><blockquote><b>3.延误和短缺</b></blockquote></p><p> Future growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.</p><p><blockquote>当然，这些股票在大流行推动下达到峰值的未来增长并非不可能。但考虑到供应链中断，这似乎不太可能。造成这些延误的原因有很多，包括海外运输延误以及影响许多行业的产能和产量紧缩，但“呆在家里”的股票似乎受到的打击尤其严重。</blockquote></p><p> Home improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.</p><p><blockquote>根据全国住宅建筑商协会的数据，家装产品根本无处可寻，大约94%的建筑商报告“至少有一些严重的电器短缺”。另有93%的人缺乏框架木材，87%的人表示很难获得门窗。</blockquote></p><p> Even if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.</p><p><blockquote>即使你可以克服需求问题，如果没有原材料来发挥作用，也很难看到这一类别的未来增长。</blockquote></p><p> <b>4.&nbsp;Inflationary pressures</b></p><p><blockquote><b>4.通货膨胀压力</b></blockquote></p><p> For the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.</p><p><blockquote>对于那些还没有为承包商支付现金或忍受昂贵的新家具长时间延误的人来说，现在对新购物者来说有一个相当大的抑制因素：通货膨胀。</blockquote></p><p></p><p> The cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.</p><p><blockquote>5月份消费者价格指数衡量的生活成本上涨0.6%，年增长率为5%。这不仅高于预期，而且是自2008年夏季以来最快的速度。通胀风险如此明显，以至于美联储公开表示可能会提前预期加息的时间表，以掩盖风险。</blockquote></p><p> Inflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.</p><p><blockquote>当然，通货膨胀并不总是丧钟。但从历史上看，它削弱了购买力，并可能减少我们在去年左右看到的“呆在家里”股票的一些支出。</blockquote></p><p> <b>5.&nbsp;Home-equity hubris</b></p><p><blockquote><b>5.房屋净值傲慢</b></blockquote></p><p> Speaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.</p><p><blockquote>说到炙手可热的通货膨胀：5月份，美国房屋中值价格首次突破35万美元，比2020年上涨23.6%。此外，Realtor.com的一项调查显示，大约三分之一的待售房主希望得到高于要价的价格，大约相同数量的房主希望在上市一周内收到报价。</blockquote></p><p> Some of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.</p><p><blockquote>其中一些是合理的。近年来，有许多文章都是关于有吸引力的市场供应短缺的，重要的是要承认疫情的远程工作确实对人们为什么住在他们居住的地方产生了一些破坏性的反思。</blockquote></p><p> But here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.</p><p><blockquote>但事情变得危险的地方是：房主已经提前在房价上花费了预期的溢价。根据房地美的数据，去年美国房屋的股权贷款约为1527亿美元，比2019年大幅增长41.7%，是自2007年以来最高的再融资套现金额。</blockquote></p><p> Anyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.</p><p><blockquote>有人记得2007年房地产市场发生了什么吗？还是当年类似的卖家权利感？目前还没有明显的泡沫破裂迹象，但美国房主可能对自己房屋的价值过于乐观，而且这种免费的房屋净值贷款可能不会持续太久。</blockquote></p><p></p>","source":"lsy1603348471595","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 ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</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 ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-24 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>5 reasons the pandemic megatrend is over.</b>  One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.</p><p><blockquote><b>大流行大趋势结束的5个原因。</b>COVID-19大流行最大的投资故事之一是以“郊区避难所”为主题的非必需消费品股票的繁荣。从电商平台到家装店，再到家具和家居用品商家，许多表现最好的企业都符合这种口味。</blockquote></p><p> Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.</p><p><blockquote>以基础广泛的Vanguard非必需消费品指数基金ETF VCR为例，+0.66%，从2020年3月到2021年3月飙升了90%以上。这要归功于家装股Lowe's LOW(-0.30%)和Home Depot HD(-0.33%)以及TJX TJX(-0.08%)等零售商。</blockquote></p><p> Lately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&amp;P 500 SPX, -0.11% has tacked on about 6% in the same period.</p><p><blockquote>然而，最近，其中许多名称的性能开始滞后。事实上，自4月1日以来，我们看到这三只股票都小幅下跌，尽管标普500 SPX指数-0.11%同期上涨了约6%。</blockquote></p><p> And some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.</p><p><blockquote>有些人担心这可能只是开始。正如一位华尔街内部人士最近在接受彭博社采访时所说，包括五金店和家居用品商家在内的居家股票即将“大幅放松”。</blockquote></p><p> While some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.</p><p><blockquote>虽然一些知名的“郊区”交易仍然相对稳定，但麻烦的迹象已经在边缘出现。Century Communities CCS(-0.34%)和Dream Finders Homes DFH(-2.55%)这两家中型单户住宅建筑商的股价在上个月暴跌了两位数。家具方面，家电巨头惠而浦公司WHR(-0.51%)和百货公司Nordstrom JWN(+2.03%)均较春季高点大幅下跌。</blockquote></p><p> <b>Here are five big reasons why:</b></p><p><blockquote><b>以下是五大原因：</b></blockquote></p><p> <b>1.</b>&nbsp;<b>The upgrade cycle is over</b></p><p><blockquote><b>1.</b> <b>升级周期结束</b></blockquote></p><p> Last summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.</p><p><blockquote>去年夏天，被困在家里的白领们记下了逾期的项目，并利用了能够轻松与承包商见面的机会。但在许多方面，这种增长是不可持续的。</blockquote></p><p> Consider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.</p><p><blockquote>根据NPD集团的数据，考虑一下房主的购买类型。水龙头、厨柜甚至马桶都是2020年销售的最受欢迎的产品。不用说，即使是最挥霍的房主也不会遵循每年改造厨房和浴室的升级周期。</blockquote></p><p> The same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.</p><p><blockquote>家具和其他家居用品也是如此。互联网巨头Comscore在2020年5月记录了历史上相关网站的最高访问量，1.33亿网络冲浪者购买了某种家居用品。再说一次，新沙发或台灯不是每年都会购买的——所以这种趋势似乎无法持续很长时间。</blockquote></p><p> <b>2.&nbsp;Valuations are stretched</b></p><p><blockquote><b>2.估值捉襟见肘</b></blockquote></p><p> Speaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.</p><p><blockquote>谈到家居用品供应商的大流行后高峰，我们已经看到财务状况通过利润和销售额的增加证实了这些大幅增长。然而，我们也看到许多相关商家的股价飙升得更多——超出了历史标准的估值。</blockquote></p><p> Take TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.</p><p><blockquote>以TJX为例。目前，这家折扣零售商的远期市盈率超过26，而2020年春季的远期市盈率仅为21。其往绩市销率目前为2.1，而此前为1.4。</blockquote></p><p> What’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&amp;P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.</p><p><blockquote>更重要的是，TJX等之前宠儿的估值也与同行不符。考虑到目前整个标普500指数的远期市盈率为22，而其他类似的公司，如梅西百货M，+0.70%和Big Lot Big，-3.71%，实际上其远期市盈率远低于10。当然，你可以说TJX是独一无二的……但你可能也想知道目前流行的居家交易之外的许多其他股票的“公允价值”是什么样的。</blockquote></p><p> <b>3.&nbsp;Delays and shortages</b></p><p><blockquote><b>3.延误和短缺</b></blockquote></p><p> Future growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.</p><p><blockquote>当然，这些股票在大流行推动下达到峰值的未来增长并非不可能。但考虑到供应链中断，这似乎不太可能。造成这些延误的原因有很多，包括海外运输延误以及影响许多行业的产能和产量紧缩，但“呆在家里”的股票似乎受到的打击尤其严重。</blockquote></p><p> Home improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.</p><p><blockquote>根据全国住宅建筑商协会的数据，家装产品根本无处可寻，大约94%的建筑商报告“至少有一些严重的电器短缺”。另有93%的人缺乏框架木材，87%的人表示很难获得门窗。</blockquote></p><p> Even if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.</p><p><blockquote>即使你可以克服需求问题，如果没有原材料来发挥作用，也很难看到这一类别的未来增长。</blockquote></p><p> <b>4.&nbsp;Inflationary pressures</b></p><p><blockquote><b>4.通货膨胀压力</b></blockquote></p><p> For the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.</p><p><blockquote>对于那些还没有为承包商支付现金或忍受昂贵的新家具长时间延误的人来说，现在对新购物者来说有一个相当大的抑制因素：通货膨胀。</blockquote></p><p></p><p> The cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.</p><p><blockquote>5月份消费者价格指数衡量的生活成本上涨0.6%，年增长率为5%。这不仅高于预期，而且是自2008年夏季以来最快的速度。通胀风险如此明显，以至于美联储公开表示可能会提前预期加息的时间表，以掩盖风险。</blockquote></p><p> Inflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.</p><p><blockquote>当然，通货膨胀并不总是丧钟。但从历史上看，它削弱了购买力，并可能减少我们在去年左右看到的“呆在家里”股票的一些支出。</blockquote></p><p> <b>5.&nbsp;Home-equity hubris</b></p><p><blockquote><b>5.房屋净值傲慢</b></blockquote></p><p> Speaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.</p><p><blockquote>说到炙手可热的通货膨胀：5月份，美国房屋中值价格首次突破35万美元，比2020年上涨23.6%。此外，Realtor.com的一项调查显示，大约三分之一的待售房主希望得到高于要价的价格，大约相同数量的房主希望在上市一周内收到报价。</blockquote></p><p> Some of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.</p><p><blockquote>其中一些是合理的。近年来，有许多文章都是关于有吸引力的市场供应短缺的，重要的是要承认疫情的远程工作确实对人们为什么住在他们居住的地方产生了一些破坏性的反思。</blockquote></p><p> But here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.</p><p><blockquote>但事情变得危险的地方是：房主已经提前在房价上花费了预期的溢价。根据房地美的数据，去年美国房屋的股权贷款约为1527亿美元，比2019年大幅增长41.7%，是自2007年以来最高的再融资套现金额。</blockquote></p><p> Anyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.</p><p><blockquote>有人记得2007年房地产市场发生了什么吗？还是当年类似的卖家权利感？目前还没有明显的泡沫破裂迹象，但美国房主可能对自己房屋的价值过于乐观，而且这种免费的房屋净值贷款可能不会持续太久。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-shelter-in-suburbia-trade-is-about-to-reverse-and-these-stocks-will-suffer-11624457411?siteid=yhoof2\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/the-shelter-in-suburbia-trade-is-about-to-reverse-and-these-stocks-will-suffer-11624457411?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187819280","content_text":"5 reasons the pandemic megatrend is over.\n\nOne of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.\nTake the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.\nLately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&P 500 SPX, -0.11% has tacked on about 6% in the same period.\nAnd some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.\nWhile some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.\nHere are five big reasons why:\n1. The upgrade cycle is over\nLast summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.\nConsider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.\nThe same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.\n2. Valuations are stretched\nSpeaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.\nTake TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.\nWhat’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.\n3. Delays and shortages\nFuture growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.\nHome improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.\nEven if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.\n4. Inflationary pressures\nFor the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.\nThe cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.\nInflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.\n5. Home-equity hubris\nSpeaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.\nSome of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.\nBut here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.\nAnyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121033497,"gmtCreate":1624443151119,"gmtModify":1634006092799,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/121033497","repostId":"1135867851","repostType":4,"isVote":1,"tweetType":1,"viewCount":735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165801515,"gmtCreate":1624112409137,"gmtModify":1634010599500,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/165801515","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187237482,"gmtCreate":1623755052646,"gmtModify":1634028974557,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/187237482","repostId":"2142788371","repostType":4,"repost":{"id":"2142788371","kind":"highlight","pubTimestamp":1623627985,"share":"https://www.laohu8.com/m/news/2142788371?lang=zh_CN&edition=full","pubTime":"2021-06-14 07:46","market":"us","language":"en","title":"Here’s what the market wants — and doesn’t want — to hear from Powell at this week’s Fed meeting<blockquote>以下是市场希望——和不希望——在本周的美联储会议上听到鲍威尔的话</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2142788371","media":"MarketWatch","summary":"All eyes on the Fed!\n\"Alas, poor inflation! I knew him, Horatio.\" MARKETWATCH PHOTO ILLUSTRATION/GET","content":"<p>All eyes on the Fed!</p><p><blockquote>所有人都在关注美联储！</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4c83a98ead1e0406f6e21bde6e1f550\" tg-width=\"1260\" tg-height=\"876\"><span>\"Alas, poor inflation! I knew him, Horatio.\" MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES, EVERETT COLLECTION</span></p><p><blockquote><p class=\"t-img-caption\"><span>“唉，可怜的通货膨胀！我认识他，霍雷肖。”MARKETWATCH照片插图/盖蒂图片社，埃弗雷特收藏</span></p></blockquote></p><p> You couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week:</p><p><blockquote>你不能责怪华尔街在下周的联邦公开市场委员会六月政策会议上设想杰罗姆·鲍威尔有点像哈姆雷特：</blockquote></p><p> Transitory, or not transitory?</p><p><blockquote>短暂的，还是不短暂的？</blockquote></p><p> Therein lies the question that the interest rate-setting Fed committee needs to answer for financial markets on Wednesday, at the conclusion of the FOMC’s two-day gathering.</p><p><blockquote>这就是周三FOMC为期两天的会议结束时，制定利率的美联储委员会需要为金融市场回答的问题。</blockquote></p><p> Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous inflation or to take arms against a sea of troubles, as Hamlet might have said if he had been a central bank governor.</p><p><blockquote>如果哈姆雷特是央行行长，他可能会说，忍受令人愤慨的通货膨胀的弹弓和箭，还是拿起武器对抗麻烦的海洋，在思想上更高尚。</blockquote></p><p> Of course, no one is expecting fireworks at this coming meeting but it could still proof a pivotal point for stocks and bonds.</p><p><blockquote>当然，没有人预计即将到来的会议会有烟花，但它仍可能证明是股票和债券的关键点。</blockquote></p><p> That is especially true with the S&amp;P 500 index,the Dow Jones Industrial Average,and the Nasdaq Composite Index,hovering at, or near, record closing highs.</p><p><blockquote>标普500指数、道琼斯工业平均指数和纳斯达克综合指数尤其如此，它们徘徊在或接近历史收盘高点。</blockquote></p><p> The Fed meeting comes against the backdrop of growing evidence of pricing pressures building in the economy as it recovers from the COVID pandemic of the past year and vaccination rollouts allow businesses to return to some semblance of normality.</p><p><blockquote>美联储会议召开之际，越来越多的证据表明，随着经济从过去一年的新冠疫情中复苏，以及疫苗接种的推出使企业恢复了某种程度的正常状态，定价压力正在加大。</blockquote></p><p> Last Thursday’s&nbsp;consumer-price index report&nbsp;from the U.S. Labor Department showed that the cost of living surged in May and drove the&nbsp;pace of inflation&nbsp;to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans.</p><p><blockquote>美国劳工部上周四发布的消费者价格指数报告显示，5月份生活成本飙升，推动通胀率升至5%的13年高点，反映出美国人面临的物价普遍上涨。</blockquote></p><p> “The critical question now is whether this elevated rate of inflation is ‘transitory’ or whether higher prices risk becoming psychologically entrenched,” wrote Matt Weller, global head of market research at Forex.com in a Friday research note.</p><p><blockquote>Forex.com全球市场研究主管马特·韦勒(Matt Weller)在周五的一份研究报告中写道：“现在的关键问题是，通胀率上升是否是‘暂时的’，或者价格上涨是否有可能在心理上根深蒂固。”</blockquote></p><p> The fixed-income market may already have had its say on inflation, with the yields on the 10-year Treasury note&nbsp;and the 30-year Treasury bond&nbsp;hanging around their lowest levels since at least early March.</p><p><blockquote>固定收益市场可能已经对通胀有了发言权，10年期国债和30年期国债收益率徘徊在至少3月初以来的最低水平附近。</blockquote></p><p> Treasury and stock-market investors are viewing the surge in inflation as fostered by supply chain distortions as consumers splurge after the pandemic, along with statistical base effects as last year’s falling prices drop out of the annual calculations, and therefore likely to be fleeting.</p><p><blockquote>财政部和股市投资者认为，随着消费者在大流行后挥霍，供应链扭曲加剧了通胀飙升，以及去年价格下跌退出年度计算的统计基数效应，因此可能转瞬即逝。</blockquote></p><p> Is isn’t clear exactly however what transitory means — months, years ? How long are elevated levels of inflation to be tolerated before market participants and the Fed lose patience with inflation that undermines asset prices?</p><p><blockquote>然而，不清楚过渡到底是什么意思——几个月、几年？在市场参与者和美联储对破坏资产价格的通胀失去耐心之前，高通胀水平还要容忍多久？</blockquote></p><p> “Going forward to the end of 2021 and into 2022, policy makers continue to expect inflation to subside back down nearer their 2% objective, is a message the Committee is likely to reiterate at next week’s meeting,” wrote Lindsey Piegza, chief economist at Stifel in a Friday note.</p><p><blockquote>首席经济学家Lindsey Piegza写道：“展望2021年底和2022年，政策制定者继续预计通胀将回落至接近2%的目标，委员会可能会在下周的会议上重申这一信息。”Stifel在周五的一份报告中。</blockquote></p><p> “That being said, the U.S. economy is clearly gaining momentum, with the labor market adding more than 500,000 jobs a month. Therefore, while no policy adjustment is expected in June, nor an announcement of a timeline for an eventual adjustment to policy, at least some Fed members are expected to push for a discussion in the coming months regarding an eventual rollback of emergency measures,” she said.</p><p><blockquote>“话虽如此，美国经济显然正在获得动力，劳动力市场每月增加超过50万个工作岗位。因此，虽然预计6月份不会进行政策调整，也不会宣布最终调整政策的时间表，但至少一些美联储成员预计将在未来几个月推动讨论最终取消紧急措施，”她说。</blockquote></p><p> Some traders, analysts and economists are betting the Fed will aim to articulate the view that the tapering of its $120 billion a month purchase of assets, implemented during the worst of the pandemic, will begin by towards the end of 2021.</p><p><blockquote>一些交易员、分析师和经济学家押注，美联储将致力于阐明这样一种观点，即在疫情最严重时期实施的每月1200亿美元资产购买计划将于2021年底开始缩减。</blockquote></p><p> The Fed may talk about talking about tapering in June and by August or September begin the work toward a roll back.</p><p><blockquote>美联储可能会在6月份谈论缩减规模，并在8月或9月开始缩减规模。</blockquote></p><p> In the face of rising inflation, the timing of any tapering looks tricky for the U.S. central bank since the recovery in the labor market still looks shaky, relative to the the demand for workers, and is reflected in the&nbsp;weaker-than-expected May nonfarm payrolls report&nbsp;and the job openings data from last week&nbsp;which hit a record 9.3 million.</p><p><blockquote>面对通胀上升，任何缩减购债规模的时机对美联储来说都很棘手，因为相对于对工人的需求，劳动力市场的复苏看起来仍然不稳定，这反映在弱于预期的5月份非农就业报告和上周的职位空缺数据达到创纪录的930万个。</blockquote></p><p> Lawrence Gillum, fixed-income strategist for LPL Financial, said that the key thing the market wants to here is the timing of the Fed’s tapering. He also noted the tapering of the central bank’s $40 billion of mortgage-backed securities in particular will be important because the housing market is widely viewed as overheated.</p><p><blockquote>LPL Financial固定收益策略师Lawrence Gillum表示，市场想要的关键是美联储缩减购债规模的时机。他还指出，央行缩减400亿美元抵押贷款支持证券尤其重要，因为人们普遍认为房地产市场过热。</blockquote></p><p> “The main thing we’d like to hear next week is how and when the Fed plans to reduce its bond purchase programs,” Gillum said.</p><p><blockquote>吉勒姆表示：“下周我们最想听到的是美联储计划如何以及何时缩减债券购买计划。”</blockquote></p><p> “Additionally, why the Fed continues to buy $40 billion in mortgage securities every month when the housing market, by all accounts, doesn’t need that support. Will we get that clarity? Probably not,” he offered.</p><p><blockquote>“此外，为什么美联储继续每月购买400亿美元的抵押贷款证券，而从各方面来看，房地产市场都不需要这种支持。我们会弄清楚吗？可能不会，”他提出。</blockquote></p><p> Andrew Hunter, senior U.S. economist at Capital Economics, in a Friday report, said that in that context, he still expects policy makers to convey a go-slow approach to any scaling back of monetary accommodation.</p><p><blockquote>凯投宏观(Capital Economics)美国高级经济学家安德鲁·亨特(Andrew Hunter)在周五的一份报告中表示，在这种背景下，他仍然预计政策制定者将对任何缩减货币宽松政策采取缓慢态度。</blockquote></p><p></p><p> “While we suspect that Fed officials may finally begin ‘talking about talking about’ tapering their asset purchases at next week’s&nbsp;FOMC meeting, they are likely to emphasize that the economy is still some way from making ‘substantial further progress’ towards their goals,” he said.</p><p><blockquote>“虽然我们怀疑美联储官员可能最终会在下周的FOMC会议上开始‘谈论谈论’缩减资产购买，但他们很可能会强调，经济距离朝着他们的目标取得‘实质性的进一步进展’还有一段路要走，”他说。</blockquote></p><p> Indeed, Peter Essele, head of investment management for Commonwealth Financial Network&nbsp;said the market may need to hear more dovishness from Fed officials, even as they circumnavigate the notion of scaling back easy-money policies.</p><p><blockquote>事实上，联邦金融网络投资管理主管Peter Essele表示，市场可能需要听到美联储官员更多的鸽派言论，即使他们回避了缩减宽松货币政策的想法。</blockquote></p><p> “Market participants are clearly expecting a dovish tone from the Fed next week, as evidenced by the recent path of interest rates,” Essele told MarketWatch in emailed comments.</p><p><blockquote>埃塞尔在电子邮件评论中对MarketWatch表示：“市场参与者显然预计美联储下周将采取鸽派基调，最近的利率走势就证明了这一点。”</blockquote></p><p> “We expect the Fed will keep its foot on the accommodative pedal next week, which won’t change until inflation is no longer transitory and the economy is back to full employment,” Essele said.</p><p><blockquote>Essele表示：“我们预计美联储下周将继续踩下宽松踏板，在通胀不再是暂时的、经济恢复充分就业之前，这种情况不会改变。”</blockquote></p><p> “Until then, Treasury rates should remain range-bound on the long end and anchored on the short end, offering bond investors little to worry about in the near term,” he said.</p><p><blockquote>他表示：“在此之前，美国国债利率应保持长期区间波动，短期锚定，短期内债券投资者无需担心。”</blockquote></p><p> <b>What else is on investors’ radar?</b></p><p><blockquote><b>投资者还关注什么？</b></blockquote></p><p> Meanwhile, the only other main item on the docket for next week is U.S. May retail sales on Tuesday, while investors continue to watch negotiations between the Biden administration and Republicans on an infrastructure spending plan, given it has implications for economic growth and debt issuance.</p><p><blockquote>与此同时，下周议程上唯一的另一个主要项目是周二的美国5月零售销售，而投资者将继续关注拜登政府与共和党之间关于基础设施支出计划的谈判，因为该计划对经济增长和债务发行有影响。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s what the market wants — and doesn’t want — to hear from Powell at this week’s Fed meeting<blockquote>以下是市场希望——和不希望——在本周的美联储会议上听到鲍威尔的话</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s what the market wants — and doesn’t want — to hear from Powell at this week’s Fed meeting<blockquote>以下是市场希望——和不希望——在本周的美联储会议上听到鲍威尔的话</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-14 07:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>All eyes on the Fed!</p><p><blockquote>所有人都在关注美联储！</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4c83a98ead1e0406f6e21bde6e1f550\" tg-width=\"1260\" tg-height=\"876\"><span>\"Alas, poor inflation! I knew him, Horatio.\" MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES, EVERETT COLLECTION</span></p><p><blockquote><p class=\"t-img-caption\"><span>“唉，可怜的通货膨胀！我认识他，霍雷肖。”MARKETWATCH照片插图/盖蒂图片社，埃弗雷特收藏</span></p></blockquote></p><p> You couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week:</p><p><blockquote>你不能责怪华尔街在下周的联邦公开市场委员会六月政策会议上设想杰罗姆·鲍威尔有点像哈姆雷特：</blockquote></p><p> Transitory, or not transitory?</p><p><blockquote>短暂的，还是不短暂的？</blockquote></p><p> Therein lies the question that the interest rate-setting Fed committee needs to answer for financial markets on Wednesday, at the conclusion of the FOMC’s two-day gathering.</p><p><blockquote>这就是周三FOMC为期两天的会议结束时，制定利率的美联储委员会需要为金融市场回答的问题。</blockquote></p><p> Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous inflation or to take arms against a sea of troubles, as Hamlet might have said if he had been a central bank governor.</p><p><blockquote>如果哈姆雷特是央行行长，他可能会说，忍受令人愤慨的通货膨胀的弹弓和箭，还是拿起武器对抗麻烦的海洋，在思想上更高尚。</blockquote></p><p> Of course, no one is expecting fireworks at this coming meeting but it could still proof a pivotal point for stocks and bonds.</p><p><blockquote>当然，没有人预计即将到来的会议会有烟花，但它仍可能证明是股票和债券的关键点。</blockquote></p><p> That is especially true with the S&amp;P 500 index,the Dow Jones Industrial Average,and the Nasdaq Composite Index,hovering at, or near, record closing highs.</p><p><blockquote>标普500指数、道琼斯工业平均指数和纳斯达克综合指数尤其如此，它们徘徊在或接近历史收盘高点。</blockquote></p><p> The Fed meeting comes against the backdrop of growing evidence of pricing pressures building in the economy as it recovers from the COVID pandemic of the past year and vaccination rollouts allow businesses to return to some semblance of normality.</p><p><blockquote>美联储会议召开之际，越来越多的证据表明，随着经济从过去一年的新冠疫情中复苏，以及疫苗接种的推出使企业恢复了某种程度的正常状态，定价压力正在加大。</blockquote></p><p> Last Thursday’s&nbsp;consumer-price index report&nbsp;from the U.S. Labor Department showed that the cost of living surged in May and drove the&nbsp;pace of inflation&nbsp;to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans.</p><p><blockquote>美国劳工部上周四发布的消费者价格指数报告显示，5月份生活成本飙升，推动通胀率升至5%的13年高点，反映出美国人面临的物价普遍上涨。</blockquote></p><p> “The critical question now is whether this elevated rate of inflation is ‘transitory’ or whether higher prices risk becoming psychologically entrenched,” wrote Matt Weller, global head of market research at Forex.com in a Friday research note.</p><p><blockquote>Forex.com全球市场研究主管马特·韦勒(Matt Weller)在周五的一份研究报告中写道：“现在的关键问题是，通胀率上升是否是‘暂时的’，或者价格上涨是否有可能在心理上根深蒂固。”</blockquote></p><p> The fixed-income market may already have had its say on inflation, with the yields on the 10-year Treasury note&nbsp;and the 30-year Treasury bond&nbsp;hanging around their lowest levels since at least early March.</p><p><blockquote>固定收益市场可能已经对通胀有了发言权，10年期国债和30年期国债收益率徘徊在至少3月初以来的最低水平附近。</blockquote></p><p> Treasury and stock-market investors are viewing the surge in inflation as fostered by supply chain distortions as consumers splurge after the pandemic, along with statistical base effects as last year’s falling prices drop out of the annual calculations, and therefore likely to be fleeting.</p><p><blockquote>财政部和股市投资者认为，随着消费者在大流行后挥霍，供应链扭曲加剧了通胀飙升，以及去年价格下跌退出年度计算的统计基数效应，因此可能转瞬即逝。</blockquote></p><p> Is isn’t clear exactly however what transitory means — months, years ? How long are elevated levels of inflation to be tolerated before market participants and the Fed lose patience with inflation that undermines asset prices?</p><p><blockquote>然而，不清楚过渡到底是什么意思——几个月、几年？在市场参与者和美联储对破坏资产价格的通胀失去耐心之前，高通胀水平还要容忍多久？</blockquote></p><p> “Going forward to the end of 2021 and into 2022, policy makers continue to expect inflation to subside back down nearer their 2% objective, is a message the Committee is likely to reiterate at next week’s meeting,” wrote Lindsey Piegza, chief economist at Stifel in a Friday note.</p><p><blockquote>首席经济学家Lindsey Piegza写道：“展望2021年底和2022年，政策制定者继续预计通胀将回落至接近2%的目标，委员会可能会在下周的会议上重申这一信息。”Stifel在周五的一份报告中。</blockquote></p><p> “That being said, the U.S. economy is clearly gaining momentum, with the labor market adding more than 500,000 jobs a month. Therefore, while no policy adjustment is expected in June, nor an announcement of a timeline for an eventual adjustment to policy, at least some Fed members are expected to push for a discussion in the coming months regarding an eventual rollback of emergency measures,” she said.</p><p><blockquote>“话虽如此，美国经济显然正在获得动力，劳动力市场每月增加超过50万个工作岗位。因此，虽然预计6月份不会进行政策调整，也不会宣布最终调整政策的时间表，但至少一些美联储成员预计将在未来几个月推动讨论最终取消紧急措施，”她说。</blockquote></p><p> Some traders, analysts and economists are betting the Fed will aim to articulate the view that the tapering of its $120 billion a month purchase of assets, implemented during the worst of the pandemic, will begin by towards the end of 2021.</p><p><blockquote>一些交易员、分析师和经济学家押注，美联储将致力于阐明这样一种观点，即在疫情最严重时期实施的每月1200亿美元资产购买计划将于2021年底开始缩减。</blockquote></p><p> The Fed may talk about talking about tapering in June and by August or September begin the work toward a roll back.</p><p><blockquote>美联储可能会在6月份谈论缩减规模，并在8月或9月开始缩减规模。</blockquote></p><p> In the face of rising inflation, the timing of any tapering looks tricky for the U.S. central bank since the recovery in the labor market still looks shaky, relative to the the demand for workers, and is reflected in the&nbsp;weaker-than-expected May nonfarm payrolls report&nbsp;and the job openings data from last week&nbsp;which hit a record 9.3 million.</p><p><blockquote>面对通胀上升，任何缩减购债规模的时机对美联储来说都很棘手，因为相对于对工人的需求，劳动力市场的复苏看起来仍然不稳定，这反映在弱于预期的5月份非农就业报告和上周的职位空缺数据达到创纪录的930万个。</blockquote></p><p> Lawrence Gillum, fixed-income strategist for LPL Financial, said that the key thing the market wants to here is the timing of the Fed’s tapering. He also noted the tapering of the central bank’s $40 billion of mortgage-backed securities in particular will be important because the housing market is widely viewed as overheated.</p><p><blockquote>LPL Financial固定收益策略师Lawrence Gillum表示，市场想要的关键是美联储缩减购债规模的时机。他还指出，央行缩减400亿美元抵押贷款支持证券尤其重要，因为人们普遍认为房地产市场过热。</blockquote></p><p> “The main thing we’d like to hear next week is how and when the Fed plans to reduce its bond purchase programs,” Gillum said.</p><p><blockquote>吉勒姆表示：“下周我们最想听到的是美联储计划如何以及何时缩减债券购买计划。”</blockquote></p><p> “Additionally, why the Fed continues to buy $40 billion in mortgage securities every month when the housing market, by all accounts, doesn’t need that support. Will we get that clarity? Probably not,” he offered.</p><p><blockquote>“此外，为什么美联储继续每月购买400亿美元的抵押贷款证券，而从各方面来看，房地产市场都不需要这种支持。我们会弄清楚吗？可能不会，”他提出。</blockquote></p><p> Andrew Hunter, senior U.S. economist at Capital Economics, in a Friday report, said that in that context, he still expects policy makers to convey a go-slow approach to any scaling back of monetary accommodation.</p><p><blockquote>凯投宏观(Capital Economics)美国高级经济学家安德鲁·亨特(Andrew Hunter)在周五的一份报告中表示，在这种背景下，他仍然预计政策制定者将对任何缩减货币宽松政策采取缓慢态度。</blockquote></p><p></p><p> “While we suspect that Fed officials may finally begin ‘talking about talking about’ tapering their asset purchases at next week’s&nbsp;FOMC meeting, they are likely to emphasize that the economy is still some way from making ‘substantial further progress’ towards their goals,” he said.</p><p><blockquote>“虽然我们怀疑美联储官员可能最终会在下周的FOMC会议上开始‘谈论谈论’缩减资产购买，但他们很可能会强调，经济距离朝着他们的目标取得‘实质性的进一步进展’还有一段路要走，”他说。</blockquote></p><p> Indeed, Peter Essele, head of investment management for Commonwealth Financial Network&nbsp;said the market may need to hear more dovishness from Fed officials, even as they circumnavigate the notion of scaling back easy-money policies.</p><p><blockquote>事实上，联邦金融网络投资管理主管Peter Essele表示，市场可能需要听到美联储官员更多的鸽派言论，即使他们回避了缩减宽松货币政策的想法。</blockquote></p><p> “Market participants are clearly expecting a dovish tone from the Fed next week, as evidenced by the recent path of interest rates,” Essele told MarketWatch in emailed comments.</p><p><blockquote>埃塞尔在电子邮件评论中对MarketWatch表示：“市场参与者显然预计美联储下周将采取鸽派基调，最近的利率走势就证明了这一点。”</blockquote></p><p> “We expect the Fed will keep its foot on the accommodative pedal next week, which won’t change until inflation is no longer transitory and the economy is back to full employment,” Essele said.</p><p><blockquote>Essele表示：“我们预计美联储下周将继续踩下宽松踏板，在通胀不再是暂时的、经济恢复充分就业之前，这种情况不会改变。”</blockquote></p><p> “Until then, Treasury rates should remain range-bound on the long end and anchored on the short end, offering bond investors little to worry about in the near term,” he said.</p><p><blockquote>他表示：“在此之前，美国国债利率应保持长期区间波动，短期锚定，短期内债券投资者无需担心。”</blockquote></p><p> <b>What else is on investors’ radar?</b></p><p><blockquote><b>投资者还关注什么？</b></blockquote></p><p> Meanwhile, the only other main item on the docket for next week is U.S. May retail sales on Tuesday, while investors continue to watch negotiations between the Biden administration and Republicans on an infrastructure spending plan, given it has implications for economic growth and debt issuance.</p><p><blockquote>与此同时，下周议程上唯一的另一个主要项目是周二的美国5月零售销售，而投资者将继续关注拜登政府与共和党之间关于基础设施支出计划的谈判，因为该计划对经济增长和债务发行有影响。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-what-the-market-wants-and-doesnt-want-to-hear-from-powell-at-next-weeks-fed-meeting-11623452360?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/heres-what-the-market-wants-and-doesnt-want-to-hear-from-powell-at-next-weeks-fed-meeting-11623452360?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142788371","content_text":"All eyes on the Fed!\n\"Alas, poor inflation! I knew him, Horatio.\" MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES, EVERETT COLLECTION\nYou couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week:\nTransitory, or not transitory?\nTherein lies the question that the interest rate-setting Fed committee needs to answer for financial markets on Wednesday, at the conclusion of the FOMC’s two-day gathering.\nWhether ’tis nobler in the mind to suffer the slings and arrows of outrageous inflation or to take arms against a sea of troubles, as Hamlet might have said if he had been a central bank governor.\nOf course, no one is expecting fireworks at this coming meeting but it could still proof a pivotal point for stocks and bonds.\nThat is especially true with the S&P 500 index,the Dow Jones Industrial Average,and the Nasdaq Composite Index,hovering at, or near, record closing highs.\nThe Fed meeting comes against the backdrop of growing evidence of pricing pressures building in the economy as it recovers from the COVID pandemic of the past year and vaccination rollouts allow businesses to return to some semblance of normality.\nLast Thursday’s consumer-price index report from the U.S. Labor Department showed that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans.\n“The critical question now is whether this elevated rate of inflation is ‘transitory’ or whether higher prices risk becoming psychologically entrenched,” wrote Matt Weller, global head of market research at Forex.com in a Friday research note.\nThe fixed-income market may already have had its say on inflation, with the yields on the 10-year Treasury note and the 30-year Treasury bond hanging around their lowest levels since at least early March.\nTreasury and stock-market investors are viewing the surge in inflation as fostered by supply chain distortions as consumers splurge after the pandemic, along with statistical base effects as last year’s falling prices drop out of the annual calculations, and therefore likely to be fleeting.\nIs isn’t clear exactly however what transitory means — months, years ? How long are elevated levels of inflation to be tolerated before market participants and the Fed lose patience with inflation that undermines asset prices?\n“Going forward to the end of 2021 and into 2022, policy makers continue to expect inflation to subside back down nearer their 2% objective, is a message the Committee is likely to reiterate at next week’s meeting,” wrote Lindsey Piegza, chief economist at Stifel in a Friday note.\n“That being said, the U.S. economy is clearly gaining momentum, with the labor market adding more than 500,000 jobs a month. Therefore, while no policy adjustment is expected in June, nor an announcement of a timeline for an eventual adjustment to policy, at least some Fed members are expected to push for a discussion in the coming months regarding an eventual rollback of emergency measures,” she said.\nSome traders, analysts and economists are betting the Fed will aim to articulate the view that the tapering of its $120 billion a month purchase of assets, implemented during the worst of the pandemic, will begin by towards the end of 2021.\nThe Fed may talk about talking about tapering in June and by August or September begin the work toward a roll back.\nIn the face of rising inflation, the timing of any tapering looks tricky for the U.S. central bank since the recovery in the labor market still looks shaky, relative to the the demand for workers, and is reflected in the weaker-than-expected May nonfarm payrolls report and the job openings data from last week which hit a record 9.3 million.\nLawrence Gillum, fixed-income strategist for LPL Financial, said that the key thing the market wants to here is the timing of the Fed’s tapering. He also noted the tapering of the central bank’s $40 billion of mortgage-backed securities in particular will be important because the housing market is widely viewed as overheated.\n“The main thing we’d like to hear next week is how and when the Fed plans to reduce its bond purchase programs,” Gillum said.\n“Additionally, why the Fed continues to buy $40 billion in mortgage securities every month when the housing market, by all accounts, doesn’t need that support. Will we get that clarity? Probably not,” he offered.\nAndrew Hunter, senior U.S. economist at Capital Economics, in a Friday report, said that in that context, he still expects policy makers to convey a go-slow approach to any scaling back of monetary accommodation.\n“While we suspect that Fed officials may finally begin ‘talking about talking about’ tapering their asset purchases at next week’s FOMC meeting, they are likely to emphasize that the economy is still some way from making ‘substantial further progress’ towards their goals,” he said.\nIndeed, Peter Essele, head of investment management for Commonwealth Financial Network said the market may need to hear more dovishness from Fed officials, even as they circumnavigate the notion of scaling back easy-money policies.\n“Market participants are clearly expecting a dovish tone from the Fed next week, as evidenced by the recent path of interest rates,” Essele told MarketWatch in emailed comments.\n“We expect the Fed will keep its foot on the accommodative pedal next week, which won’t change until inflation is no longer transitory and the economy is back to full employment,” Essele said.\n“Until then, Treasury rates should remain range-bound on the long end and anchored on the short end, offering bond investors little to worry about in the near term,” he said.\nWhat else is on investors’ radar?\nMeanwhile, the only other main item on the docket for next week is U.S. May retail sales on Tuesday, while investors continue to watch negotiations between the Biden administration and Republicans on an infrastructure spending plan, given it has implications for economic growth and debt issuance.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197030931,"gmtCreate":1621408836323,"gmtModify":1634189387998,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/197030931","repostId":"2136999458","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102617821,"gmtCreate":1620205759663,"gmtModify":1634206998191,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/102617821","repostId":"2132510807","repostType":4,"isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100662924,"gmtCreate":1619610246168,"gmtModify":1634211373014,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"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":6,"repostSize":0,"link":"https://laohu8.com/post/100662924","repostId":"1157971960","repostType":4,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148741228,"gmtCreate":1626026014164,"gmtModify":1631891884195,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Extremely bullish for GME and AMC, BUY AND HOLD FELLOW APES🚀🚀","listText":"Extremely bullish for GME and AMC, BUY AND HOLD FELLOW APES🚀🚀","text":"Extremely bullish for GME and AMC, BUY AND HOLD FELLOW APES🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/148741228","repostId":"1112201050","repostType":4,"repost":{"id":"1112201050","kind":"news","pubTimestamp":1625966101,"share":"https://www.laohu8.com/m/news/1112201050?lang=zh_CN&edition=full","pubTime":"2021-07-11 09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易还远未结束。投资者需要知道的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站（股票代码：GME）、黑莓（BB），甚至百视达（Blockbuster）的干涸尸体在一月份突然复活时，他们再次崩溃的时间已经在滴答作响。是几个小时、几天还是几周？</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经半年了，核心“模因股”的交易水平仍然被研究它们多年的人认为令人发指。Clover Health Investments(CLOV)和Newegg Commerce(NEGG)等新名字最近出现在留言板上，它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易者——长期以来被嘲笑为“愚蠢的钱”——的集体努力成功地保持了股票的高位，并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型或扭亏为盈的迹象，但情况确实如此。黑莓在最近一个季度烧钱，并警告其关键的网络安全部门将触及收入指引的低端；消息传出后，该股下跌，但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>尽管大型经纪商的交易量较2月份的峰值略有下降，但仍是大流行前的两到三倍。散户交易者青睐的股票中发生了数量惊人的此类活动。例如，AMC院线控股公司(AMC)6月份股票日均交易价值达到131亿美元，超过苹果(AAPL)的95亿美元和亚马逊(AMZN)的103亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退，大多数新交易者表示，他们仍致力于他们在封锁期间学到的爱好——在一项Betterment调查中，58%的日内交易者表示，他们计划在未来进行更多交易，只有12%的人计划减少交易。业余疫情面包师已经停止揉酸面团面包；交易者只会越来越饥渴。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种胃口，就像互联网泡沫破裂时一样。就目前而言，下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p><p><blockquote>“我发现‘逢低买入’的情绪一刻也没有减弱，”与朋友在线交易的美国海军电子技术员布兰登·卢泽克(Brandon Luczek)在给《巴伦周刊》的电子邮件中写道。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>散户投资者交易量的增加推动了模因股票的飙升。2020年，在线经纪商以创纪录的速度签约客户，新开户人数超过1000万人。这一纪录几乎肯定会在2021年被打破。一些顶级公司透露，今年不到一半，经纪商就已经增加了超过1000万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这一现象的马车，也是马。它们的价格突然飙升是由新投资者推动的，然后这种行为会推动更多的新人投资。数百万人在一月底和二月初下载了投资应用程序，只是为了享受乐趣。嘉信理财(SCHW)最近的一项调查发现，15%的当前交易者在2020年之后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>这一激增中最突出的参与者是Robinhood，该公司表示仅在第一季度就增加了550万个受资助账户。但它并不孤单。例如，富达宣布第一季度吸引了160万35岁以下的新客户，比去年同期增长了223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在Robinhood零佣金模式的压力下，所有主要经纪商都在2019年将佣金降至零。这为新的客户群体打开了闸门——他们可能没有那么多闲钱可供交易，但比前辈更加活跃和多样化。经纪人正在兑现。富达希望在投资者拥有驾驶执照之前就吸引他们，允许年仅13岁的儿童开设交易账户。Robinhood正在乘势进行首次公开募股，分析师预计其估值将超过其收入的10倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与老客户不同。E*Trade（现归摩根士丹利(MS)所有）交易主管克里斯·拉金(Chris Larkin)表示，多年来，“ETF的吸引力很大”。但挑选个股显然是“2021年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是，股票交易所交易基金仍然表现良好，因为世界各地的投资者都押注于疫情复苏，并避免债券收益率疲软。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但ETF不像股票那样点亮留言板。对于顶级品牌来说，这并不是单程旅行。游戏驿站确实在二月份下跌，华尔街享受了一段幸灾乐祸的时刻。这并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>盈透证券(Interactive Brokers)首席策略师史蒂夫·索斯尼克(Steve Sosnick)写道：“就像蝉一样，模因交易者在看似地下几个月后，又以疯狂的活动回归。”索斯尼克认为，模因股票的交易往往与加密货币相反，因为随着势头的变化，它们的粉丝会从一种股票转向另一种股票。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>他写道：“我认为，在比特币和其他加密货币大幅调整后，模因股票重新焕发生机，这绝非巧合。”</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为模因股票是一个“独立的行业”，他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上，华尔街对模因股票革命的反应是孤立市场中专业人士认为非理性的部分。大多数卖空者不会碰这些股票，分析师也放弃了报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样将零售大军赶走，也不能指望它们在未来17年消失。股票交易已经永久转移。今年，零售活动占股本的24%，高于2019年的15%。新信条的追随者并不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>哥伦比亚法学院证券市场教授乔舒亚·米茨（Joshua Mits）说，“这真正反映了我们看到的与个别公司的接触越来越少的趋势的逆转。”“技术正在拉近普通投资者与他或她投资的公司的距离，而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>——Matt Kohrs，26岁，每天在YouTube上播放股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早期进入的人的生活，并且仍然名气更高。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p><p><blockquote>以马特·科尔斯（Matt Kohrs）为例，他很早就投资了AMC院线。今年2月，他辞去了在纽约的程序员工作，搬到了费城，并开始每天在YouTube上播放7个小时的股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>它在YouTube上拥有35万粉丝，正在支付账单。科尔斯表示，凭借广告和股票的收入，他可以降低与以前大致相同的工资。但他也知道，像这样依赖股票的收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“你得到的挥杆肯定会让你有某种感觉，”他说。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人，要么付钱给模因学家来理解新华尔街充满表情符号的语言，这样他们就可以避开他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC甚至在过去一周取消了拟议的股权融资，因为该公司显然不喜欢Reddit人群的氛围。过去一年，AMC的股票数量已经增加了五倍。首席执行官Adam Aron在推特上表示，他看到了对他增发2500万股股票的提议“许多是，许多不是”的反应，因此该提议将被取消，而不是在本月晚些时候的AMC年会上进行投票。该公司没有回应有关如何对股东进行民意调查的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室中确定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者花更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现，大约25%的机构已经在跟踪社交媒体情绪，但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里，美国银行、摩根士丹利和摩根大通都发布了关于如何围绕散户行为进行交易的报告，得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说，信号中可能存在“阿尔法”，但可能需要一些激烈的数字运算才能达到这一目标。当然，并非所有留言板上的喋喋不休都会导致价格持续上涨，而且在没有大量数据分析的情况下，零售订单流无法轻易与机构订单流分开。对于拥有工具来确定散户投资者正在买入和卖出哪些股票的投资者，摩根大通建议做多买入兴趣最高的20%的股票，做空卖出兴趣最高的20%的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示，目前，许多购买社交媒体情绪数据的机构似乎都在试图降低风险，而不是寻找新的机会。“他们认为这几乎就像一份保险单，以限制他们的下行风险，”他说。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于散户来说，这种方法并不总是科学的。这一行动得到了社区精神的支持。其背后的力量既是经济上的，也是情感上的和道德上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示，他们的动机是证明自己和惩罚保守派的愿望，就像利润一样。他们互相了解市场，有时会放大或揭穿有关华尔街的阴谋论。一些人将模因股票走势与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“华尔街让我们的经济陷入瘫痪，没有人因此惹上麻烦，”26岁的科尔斯说。“所以，我认为他们认为这不仅可以让我们赚钱，还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格(Claire Hirschberg)是一名28岁的工会组织者，她在从朋友那里听说此事后，于1月份在Robinhood上购买了价值约50美元的游戏驿站股票。她喜欢这个想法，但真正让她兴奋的是她父亲的反应，他父亲是一位长期的资金经理。“他对我买下游戏驿站并拒绝出售感到非常生气，”她笑着说。“这让我想永远拥有它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像旧华尔街有仪式和准则一样，新华尔街也有。一位新的投资银行员工很快就会知道，直到你成为合伙人后，你才会戴菲拉格慕领带。在总经理离开之前，你永远不会离开办公室，你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦，而不是这个顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万零售交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认经济损失是一种勇敢的行为，是内部坚韧和对集团信念的证明。你不把自己当回事，也不监管语言。你是“猿”或“弱智”大军的一员。你坚持住了崩溃，即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>群体行动不仅仅是为了道义上的支持。交易策略取决于人们保持购买压力以迫使空头挤压或购买看涨期权，从而触发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔(Keith Gill)二月份几乎出现在众议院金融服务委员会听证会上，成为Reddit零售交易员大军的代言人，推动游戏驿站股价走高。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示，他们不会再碰这些股票了。但显然，其他人并没有采纳这一建议，而是通过反复做空股票来为模因运动提供氧气。6月中旬，AMC的空头利息占该股流通量的17%，低于1月份的28%，但幅度不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格的上涨，空头们也身不由己。Wedbush Securities分析师Michael Pachter表示，他们开始“流口水，耳朵里冒出火焰”，多年来一直关注游戏驿站。“让我有点震惊的是精神错乱的定义，即一遍又一遍地做同样的事情，每次都希望有不同的结果，而空头不断回来，”他说。“[游戏驿站公牛]基思·吉尔和他的Reddit攻略不断挤压他们，而且它一直在发挥作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者，Reddit人群需要团结一致，但社区有时会出现裂痕。拥有最坚定粉丝群的两只模因股票——游戏驿站和AMC——仍然拥有庞大的核心信徒大军，他们似乎不容易动摇。但其他名字似乎有更多善变的支持者。几只陷入迷因疯狂的股票已经暴跌。Bed Bath&amp;Beyond(BBBY)在1月底和6月初两次飙升，但现在的交易价格仅略高于1月中旬的水平。在上涨期间买入的人亏损了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延，一些交易员担心wallstreetbets——最初引发游戏驿站狂热的Reddit留言板——发展如此之快，以至于失去了最初的精神，并可能变得容易受到操纵。一些人已经转移到其他留言板，如r/superstonk，希望恢复旧社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司Hype Equity的创始人特拉维斯·雷尔(Travis Rehl)表示，他试图将可能的操纵者与更有机的投资者情绪区分开来。他说，炒作股权通常是由代表网上谈论的公司的公关公司雇佣的。现在，他看到越来越多的股票突然出现在留言板上，收到积极的议论，然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p><p><blockquote>“这引发了人们对什么是真正的讨论与什么是某人只是想炒作的讨论的质疑，”他说。wallstreetbets的版主禁止在该平台上进行市场操纵，Rehl表示，他们似乎正在努力监管错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>索斯尼克表示：“如果你能制造足够的轰动效应，让股票在短时间内上涨10%、20%甚至50%，那么就有巨大的动力这样做。”</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>证券交易委员会正在留言板上关注有趣的事情。证交会主席盖瑞·根斯勒和一些国会议员讨论改变市场规则，意图增加透明度保护零售商——尽管如果改变交易速度减慢或让交易变得更贵，这些变化也可能激怒零售商群体。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一可能抑制这一趋势的因素。fintech Betterment行为金融和投资副总裁丹·伊根(Dan Egan)认为，这一势头可能会在9月份失去动力。即使是“猿”也有责任。“孩子们开始回到学校；父母可以再次自由地去工作，”他说。“那是下一次从房间里抽出一些氧气的时候。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金激发的暂时疯狂。但那将是一个错误。如果零佣金经纪公司和游戏驿站的乐趣打破了数百万新投资者开户的障碍，这几乎肯定是一件好事，只要大多数人用他们并不立即需要的钱下注。许多新零售交易员表示，他们正在自学如何交易，并已开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>以这样或那样的形式，这就是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授Hendrik Bessembinder在2018年发表了开创性的研究，发现“在随机选择的月份随机选择的股票更有可能亏损而不是赚钱。”简而言之，挑选单一股票并持有集中的投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此，他还是受到了新一波交易的鼓舞。“我欢迎零售交易的增加，以及股票市场是一个广泛参与的地方的想法，”贝森宾德说。“经济学家不能告诉人们他们不应该找点乐子。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易还远未结束。投资者需要知道的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易还远未结束。投资者需要知道的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-11 09:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站（股票代码：GME）、黑莓（BB），甚至百视达（Blockbuster）的干涸尸体在一月份突然复活时，他们再次崩溃的时间已经在滴答作响。是几个小时、几天还是几周？</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经半年了，核心“模因股”的交易水平仍然被研究它们多年的人认为令人发指。Clover Health Investments(CLOV)和Newegg Commerce(NEGG)等新名字最近出现在留言板上，它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易者——长期以来被嘲笑为“愚蠢的钱”——的集体努力成功地保持了股票的高位，并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型或扭亏为盈的迹象，但情况确实如此。黑莓在最近一个季度烧钱，并警告其关键的网络安全部门将触及收入指引的低端；消息传出后，该股下跌，但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>尽管大型经纪商的交易量较2月份的峰值略有下降，但仍是大流行前的两到三倍。散户交易者青睐的股票中发生了数量惊人的此类活动。例如，AMC院线控股公司(AMC)6月份股票日均交易价值达到131亿美元，超过苹果(AAPL)的95亿美元和亚马逊(AMZN)的103亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退，大多数新交易者表示，他们仍致力于他们在封锁期间学到的爱好——在一项Betterment调查中，58%的日内交易者表示，他们计划在未来进行更多交易，只有12%的人计划减少交易。业余疫情面包师已经停止揉酸面团面包；交易者只会越来越饥渴。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种胃口，就像互联网泡沫破裂时一样。就目前而言，下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p><p><blockquote>“我发现‘逢低买入’的情绪一刻也没有减弱，”与朋友在线交易的美国海军电子技术员布兰登·卢泽克(Brandon Luczek)在给《巴伦周刊》的电子邮件中写道。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>散户投资者交易量的增加推动了模因股票的飙升。2020年，在线经纪商以创纪录的速度签约客户，新开户人数超过1000万人。这一纪录几乎肯定会在2021年被打破。一些顶级公司透露，今年不到一半，经纪商就已经增加了超过1000万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这一现象的马车，也是马。它们的价格突然飙升是由新投资者推动的，然后这种行为会推动更多的新人投资。数百万人在一月底和二月初下载了投资应用程序，只是为了享受乐趣。嘉信理财(SCHW)最近的一项调查发现，15%的当前交易者在2020年之后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>这一激增中最突出的参与者是Robinhood，该公司表示仅在第一季度就增加了550万个受资助账户。但它并不孤单。例如，富达宣布第一季度吸引了160万35岁以下的新客户，比去年同期增长了223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在Robinhood零佣金模式的压力下，所有主要经纪商都在2019年将佣金降至零。这为新的客户群体打开了闸门——他们可能没有那么多闲钱可供交易，但比前辈更加活跃和多样化。经纪人正在兑现。富达希望在投资者拥有驾驶执照之前就吸引他们，允许年仅13岁的儿童开设交易账户。Robinhood正在乘势进行首次公开募股，分析师预计其估值将超过其收入的10倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与老客户不同。E*Trade（现归摩根士丹利(MS)所有）交易主管克里斯·拉金(Chris Larkin)表示，多年来，“ETF的吸引力很大”。但挑选个股显然是“2021年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是，股票交易所交易基金仍然表现良好，因为世界各地的投资者都押注于疫情复苏，并避免债券收益率疲软。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但ETF不像股票那样点亮留言板。对于顶级品牌来说，这并不是单程旅行。游戏驿站确实在二月份下跌，华尔街享受了一段幸灾乐祸的时刻。这并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>盈透证券(Interactive Brokers)首席策略师史蒂夫·索斯尼克(Steve Sosnick)写道：“就像蝉一样，模因交易者在看似地下几个月后，又以疯狂的活动回归。”索斯尼克认为，模因股票的交易往往与加密货币相反，因为随着势头的变化，它们的粉丝会从一种股票转向另一种股票。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>他写道：“我认为，在比特币和其他加密货币大幅调整后，模因股票重新焕发生机，这绝非巧合。”</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为模因股票是一个“独立的行业”，他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上，华尔街对模因股票革命的反应是孤立市场中专业人士认为非理性的部分。大多数卖空者不会碰这些股票，分析师也放弃了报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样将零售大军赶走，也不能指望它们在未来17年消失。股票交易已经永久转移。今年，零售活动占股本的24%，高于2019年的15%。新信条的追随者并不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>哥伦比亚法学院证券市场教授乔舒亚·米茨（Joshua Mits）说，“这真正反映了我们看到的与个别公司的接触越来越少的趋势的逆转。”“技术正在拉近普通投资者与他或她投资的公司的距离，而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>——Matt Kohrs，26岁，每天在YouTube上播放股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早期进入的人的生活，并且仍然名气更高。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p><p><blockquote>以马特·科尔斯（Matt Kohrs）为例，他很早就投资了AMC院线。今年2月，他辞去了在纽约的程序员工作，搬到了费城，并开始每天在YouTube上播放7个小时的股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>它在YouTube上拥有35万粉丝，正在支付账单。科尔斯表示，凭借广告和股票的收入，他可以降低与以前大致相同的工资。但他也知道，像这样依赖股票的收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“你得到的挥杆肯定会让你有某种感觉，”他说。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人，要么付钱给模因学家来理解新华尔街充满表情符号的语言，这样他们就可以避开他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC甚至在过去一周取消了拟议的股权融资，因为该公司显然不喜欢Reddit人群的氛围。过去一年，AMC的股票数量已经增加了五倍。首席执行官Adam Aron在推特上表示，他看到了对他增发2500万股股票的提议“许多是，许多不是”的反应，因此该提议将被取消，而不是在本月晚些时候的AMC年会上进行投票。该公司没有回应有关如何对股东进行民意调查的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室中确定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者花更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现，大约25%的机构已经在跟踪社交媒体情绪，但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里，美国银行、摩根士丹利和摩根大通都发布了关于如何围绕散户行为进行交易的报告，得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说，信号中可能存在“阿尔法”，但可能需要一些激烈的数字运算才能达到这一目标。当然，并非所有留言板上的喋喋不休都会导致价格持续上涨，而且在没有大量数据分析的情况下，零售订单流无法轻易与机构订单流分开。对于拥有工具来确定散户投资者正在买入和卖出哪些股票的投资者，摩根大通建议做多买入兴趣最高的20%的股票，做空卖出兴趣最高的20%的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示，目前，许多购买社交媒体情绪数据的机构似乎都在试图降低风险，而不是寻找新的机会。“他们认为这几乎就像一份保险单，以限制他们的下行风险，”他说。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于散户来说，这种方法并不总是科学的。这一行动得到了社区精神的支持。其背后的力量既是经济上的，也是情感上的和道德上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示，他们的动机是证明自己和惩罚保守派的愿望，就像利润一样。他们互相了解市场，有时会放大或揭穿有关华尔街的阴谋论。一些人将模因股票走势与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“华尔街让我们的经济陷入瘫痪，没有人因此惹上麻烦，”26岁的科尔斯说。“所以，我认为他们认为这不仅可以让我们赚钱，还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格(Claire Hirschberg)是一名28岁的工会组织者，她在从朋友那里听说此事后，于1月份在Robinhood上购买了价值约50美元的游戏驿站股票。她喜欢这个想法，但真正让她兴奋的是她父亲的反应，他父亲是一位长期的资金经理。“他对我买下游戏驿站并拒绝出售感到非常生气，”她笑着说。“这让我想永远拥有它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像旧华尔街有仪式和准则一样，新华尔街也有。一位新的投资银行员工很快就会知道，直到你成为合伙人后，你才会戴菲拉格慕领带。在总经理离开之前，你永远不会离开办公室，你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦，而不是这个顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万零售交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认经济损失是一种勇敢的行为，是内部坚韧和对集团信念的证明。你不把自己当回事，也不监管语言。你是“猿”或“弱智”大军的一员。你坚持住了崩溃，即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>群体行动不仅仅是为了道义上的支持。交易策略取决于人们保持购买压力以迫使空头挤压或购买看涨期权，从而触发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔(Keith Gill)二月份几乎出现在众议院金融服务委员会听证会上，成为Reddit零售交易员大军的代言人，推动游戏驿站股价走高。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示，他们不会再碰这些股票了。但显然，其他人并没有采纳这一建议，而是通过反复做空股票来为模因运动提供氧气。6月中旬，AMC的空头利息占该股流通量的17%，低于1月份的28%，但幅度不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格的上涨，空头们也身不由己。Wedbush Securities分析师Michael Pachter表示，他们开始“流口水，耳朵里冒出火焰”，多年来一直关注游戏驿站。“让我有点震惊的是精神错乱的定义，即一遍又一遍地做同样的事情，每次都希望有不同的结果，而空头不断回来，”他说。“[游戏驿站公牛]基思·吉尔和他的Reddit攻略不断挤压他们，而且它一直在发挥作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者，Reddit人群需要团结一致，但社区有时会出现裂痕。拥有最坚定粉丝群的两只模因股票——游戏驿站和AMC——仍然拥有庞大的核心信徒大军，他们似乎不容易动摇。但其他名字似乎有更多善变的支持者。几只陷入迷因疯狂的股票已经暴跌。Bed Bath&amp;Beyond(BBBY)在1月底和6月初两次飙升，但现在的交易价格仅略高于1月中旬的水平。在上涨期间买入的人亏损了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延，一些交易员担心wallstreetbets——最初引发游戏驿站狂热的Reddit留言板——发展如此之快，以至于失去了最初的精神，并可能变得容易受到操纵。一些人已经转移到其他留言板，如r/superstonk，希望恢复旧社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司Hype Equity的创始人特拉维斯·雷尔(Travis Rehl)表示，他试图将可能的操纵者与更有机的投资者情绪区分开来。他说，炒作股权通常是由代表网上谈论的公司的公关公司雇佣的。现在，他看到越来越多的股票突然出现在留言板上，收到积极的议论，然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p><p><blockquote>“这引发了人们对什么是真正的讨论与什么是某人只是想炒作的讨论的质疑，”他说。wallstreetbets的版主禁止在该平台上进行市场操纵，Rehl表示，他们似乎正在努力监管错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>索斯尼克表示：“如果你能制造足够的轰动效应，让股票在短时间内上涨10%、20%甚至50%，那么就有巨大的动力这样做。”</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>证券交易委员会正在留言板上关注有趣的事情。证交会主席盖瑞·根斯勒和一些国会议员讨论改变市场规则，意图增加透明度保护零售商——尽管如果改变交易速度减慢或让交易变得更贵，这些变化也可能激怒零售商群体。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一可能抑制这一趋势的因素。fintech Betterment行为金融和投资副总裁丹·伊根(Dan Egan)认为，这一势头可能会在9月份失去动力。即使是“猿”也有责任。“孩子们开始回到学校；父母可以再次自由地去工作，”他说。“那是下一次从房间里抽出一些氧气的时候。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金激发的暂时疯狂。但那将是一个错误。如果零佣金经纪公司和游戏驿站的乐趣打破了数百万新投资者开户的障碍，这几乎肯定是一件好事，只要大多数人用他们并不立即需要的钱下注。许多新零售交易员表示，他们正在自学如何交易，并已开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>以这样或那样的形式，这就是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授Hendrik Bessembinder在2018年发表了开创性的研究，发现“在随机选择的月份随机选择的股票更有可能亏损而不是赚钱。”简而言之，挑选单一股票并持有集中的投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此，他还是受到了新一波交易的鼓舞。“我欢迎零售交易的增加，以及股票市场是一个广泛参与的地方的想法，”贝森宾德说。“经济学家不能告诉人们他们不应该找点乐子。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEGG":"Newegg Comm Inc.","SCHW":"嘉信理财","CARV":"卡弗储蓄","CLOV":"Clover Health Corp","WKHS":"Workhorse Group, Inc.","AMC":"AMC院线","BB":"黑莓","GME":"游戏驿站","BBBY":"Bed Bath & Beyond, Inc."},"source_url":"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1,"symbols_score_info":{"MRIN":0.9,"SCHW":0.9,"NEGG":0.9,"BBBY":0.9,"CARV":0.9,"BB":0.9,"GME":0.9,"CLOV":0.9,"WKHS":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137484731,"gmtCreate":1622378054423,"gmtModify":1634101936824,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275375929012","idStr":"3575275375929012"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/137484731","repostId":"2138488778","repostType":4,"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}