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Cindypoonyw

Cindypoonyw

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2021-06-25

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2021-06-02

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2021-10-14

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2021-06-14

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2021-05-22

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2021-11-11

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Elon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</blockquote>

2021-08-05

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Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote>

2021-05-31

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2021-04-30

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Powell: Financial system not threatened by 'frothy' asset valuations<blockquote>鲍威尔：金融体系不会受到“泡沫”资产估值的威胁</blockquote>

2021-06-15

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14:48","market":"us","language":"en","title":"Elon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186918296","media":"Benzinga","summary":"Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the","content":"<p><div> Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the space agency NASA. What Happened:The mission was launched from NASA’s Kennedy Space Center in ...</p><p><blockquote><div>特斯拉公司首席执行官埃隆-马斯克（ElonMusk）的 SpaceX 公司周三与美国国家航空航天局（NASA）合作启动了 Crew-3 任务。事件经过：该任务于 年从美国国家航空航天局肯尼迪航天中心发射...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Elon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</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\">\nElon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-11 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the space agency NASA. What Happened:The mission was launched from NASA’s Kennedy Space Center in ...</p><p><blockquote><div>特斯拉公司首席执行官埃隆-马斯克（ElonMusk）的 SpaceX 公司周三与美国国家航空航天局（NASA）合作启动了 Crew-3 任务。事件经过：该任务于 年从美国国家航空航天局肯尼迪航天中心发射...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186918296","content_text":"Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the space agency NASA.\nWhat Happened:The mission was launched from NASA’s Kennedy Space Center in Florida at 9:03 p.m. ET for the nearly day-long journey to the International Space Station (ISS).\nThe Crew-3 mission is ferrying NASA astronauts Raja Chari, Tom Marshburn, Kayla Barron, and European Space Agency (ESA) astronaut Matthias Maurer to the ISS.\nSpaceX shared a short clip of the crew on orbit and said it expects autonomous docking at 7 p.m. ET on Thursday.\nCrew-3 is SpaceX’s third operational crewed flight for NASA and the fifth human spaceflight mission that SpaceX has launched since May 2020.\nWhy It Matters:The Crew-3 mission was first scheduled to take place on Oct. 31 but was delayed twice. SpaceX and NASA SpaceX then planned to return the Crew-2 astronauts before the Crew-3 is launched.\nSpaceX on Monday returned the four Crew-2 astronauts who spent about six months in space as part of the agency’s second long-duration crewed flight after launching in April atop a Falcon 9 rocket.\nSpaceX and NASA are working on multiple projects including a $2.9 billion lunar landing contract. Earlier this month,Amazon.com Inc founder Jeff Bezos’ Blue Origin lost the lucrative lawsuit against NASA for awarding the contract to SpaceX.\nMusk dreams of colonizing Mars and has in the past said he remains “highly confident” that SpaceX would land humans on Mars by 2026.\nSpaceX and Blue Origin also compete with each other in the recently launched space tourism flights.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825304040,"gmtCreate":1634197879030,"gmtModify":1634197879249,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/825304040","repostId":"1155791730","repostType":4,"isVote":1,"tweetType":1,"viewCount":3217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869237656,"gmtCreate":1632290580175,"gmtModify":1632801452597,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/869237656","repostId":"2169653385","repostType":4,"isVote":1,"tweetType":1,"viewCount":2027,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819323791,"gmtCreate":1630035853113,"gmtModify":1704954974768,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Niceeee","listText":"Niceeee","text":"Niceeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/819323791","repostId":"1177482103","repostType":4,"repost":{"id":"1177482103","kind":"news","pubTimestamp":1630032656,"share":"https://www.laohunote.com/m/news/1177482103?lang=zh_CN&edition=full","pubTime":"2021-08-27 10:50","market":"us","language":"en","title":"Snowflake: Why Jim Cramer Thinks Every Fortune 500 Company Will Be a Customer<blockquote>雪花：为什么吉姆·克莱默认为每家财富 500 强公司都会成为客户</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177482103","media":"Thestreet","summary":"Cloud software company Snowflake (SNOW) reported a second-quarter loss of 64 cents a share onrevenue","content":"<p>Cloud software company Snowflake&nbsp;(<b>SNOW</b>)&nbsp;reported a second-quarter loss of 64 cents a share onrevenue of $272.2 million, up 104% from a year earlier.</p><p><blockquote>云软件公司雪花（<b>雪</b>）报告第二季度每股亏损 64 美分，营收为 2.722 亿美元，同比增长 104%。</blockquote></p><p> Snowflake CEO Frank Slootman told Jim Cramer on \"Mad Money\" that Snowflake doesn't create demand for its products, it enables it. A lot more is possible with Snowflake when technology no longer holds companies back, Slootman said.</p><p><blockquote>Snowflake 首席执行官 Frank Slootman 在《Mad Money》节目中告诉 Jim Cramer，Snowflake 不会为其产品创造需求，而是促成了需求。斯洛特曼说，当技术不再阻碍公司发展时，雪花还有更多可能。</blockquote></p><p> Cramer told Action Alerts PLUS senior analyst Jeff Marks that Snowflake's 'pay as you go' use model will make it so every customer in the Fortune 500 is a customer.</p><p><blockquote>Cramer 告诉 Action Alerts PLUS 高级分析师 Jeff Marks，Snowflake 的“现收现付”使用模式将使财富 500 强中的每个客户都成为客户。</blockquote></p><p> \"[Snowflake] is the way of the future, right now,\" Cramer said.</p><p><blockquote>“[雪花]现在是未来的道路，”克莱默说。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake: Why Jim Cramer Thinks Every Fortune 500 Company Will Be a Customer<blockquote>雪花：为什么吉姆·克莱默认为每家财富 500 强公司都会成为客户</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\">\nSnowflake: Why Jim Cramer Thinks Every Fortune 500 Company Will Be a Customer<blockquote>雪花：为什么吉姆·克莱默认为每家财富 500 强公司都会成为客户</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-08-27 10:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cloud software company Snowflake&nbsp;(<b>SNOW</b>)&nbsp;reported a second-quarter loss of 64 cents a share onrevenue of $272.2 million, up 104% from a year earlier.</p><p><blockquote>云软件公司雪花（<b>雪</b>）报告第二季度每股亏损 64 美分，营收为 2.722 亿美元，同比增长 104%。</blockquote></p><p> Snowflake CEO Frank Slootman told Jim Cramer on \"Mad Money\" that Snowflake doesn't create demand for its products, it enables it. A lot more is possible with Snowflake when technology no longer holds companies back, Slootman said.</p><p><blockquote>Snowflake 首席执行官 Frank Slootman 在《Mad Money》节目中告诉 Jim Cramer，Snowflake 不会为其产品创造需求，而是促成了需求。斯洛特曼说，当技术不再阻碍公司发展时，雪花还有更多可能。</blockquote></p><p> Cramer told Action Alerts PLUS senior analyst Jeff Marks that Snowflake's 'pay as you go' use model will make it so every customer in the Fortune 500 is a customer.</p><p><blockquote>Cramer 告诉 Action Alerts PLUS 高级分析师 Jeff Marks，Snowflake 的“现收现付”使用模式将使财富 500 强中的每个客户都成为客户。</blockquote></p><p> \"[Snowflake] is the way of the future, right now,\" Cramer said.</p><p><blockquote>“[雪花]现在是未来的道路，”克莱默说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/jim-cramer/jim-cramer-snowflake-customers-every-fortune-500-company\">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":{"SNOW":"Snowflake"},"source_url":"https://www.thestreet.com/jim-cramer/jim-cramer-snowflake-customers-every-fortune-500-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177482103","content_text":"Cloud software company Snowflake (SNOW) reported a second-quarter loss of 64 cents a share onrevenue of $272.2 million, up 104% from a year earlier.\nSnowflake CEO Frank Slootman told Jim Cramer on \"Mad Money\" that Snowflake doesn't create demand for its products, it enables it. A lot more is possible with Snowflake when technology no longer holds companies back, Slootman said.\nCramer told Action Alerts PLUS senior analyst Jeff Marks that Snowflake's 'pay as you go' use model will make it so every customer in the Fortune 500 is a customer.\n\"[Snowflake] is the way of the future, right now,\" Cramer said.","news_type":1,"symbols_score_info":{"SNOW":0.9}},"isVote":1,"tweetType":1,"viewCount":2716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899040098,"gmtCreate":1628145916114,"gmtModify":1631887479395,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/899040098","repostId":"1160204013","repostType":4,"repost":{"id":"1160204013","kind":"news","pubTimestamp":1628145417,"share":"https://www.laohunote.com/m/news/1160204013?lang=zh_CN&edition=full","pubTime":"2021-08-05 14:36","market":"us","language":"en","title":"Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160204013","media":"The Motley Fool","summary":"With the BP PLC share price near 303p, the forward-looking dividend yield is around 5% for 2022. So,","content":"<p>With the&nbsp;<a href=\"https://laohu8.com/S/BP\">BP PLC</a> share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?</p><p><blockquote>与<a href=\"https://laohu8.com/S/BP\">BP PLC</a>股价接近303便士，2022年前瞻性股息收益率约为5%。那么，股息安全吗？</blockquote></p><p> In attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.</p><p><blockquote>在试图回答这个问题时，我首先要指出的是，英国石油公司的股息并不安全。例如，2019年的历史股息收益率约为9.7%，高于明年的预期收益率。原因是董事们削减了股东股息支付。</blockquote></p><p> <h3><b>BP’s shrinking dividends</b></h3> 2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And&nbsp;it’s the wrong way!</p><p><blockquote><h3><b>英国石油公司股息缩水</b></h3>2019 年的股息为每股 41 美分，2020 年为每股 32 美分，金融城分析师预计 2022 年的股息约为 21 美分。旅行的方向很明确。而且方式不对!</blockquote></p><p> In fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.</p><p><blockquote>公平地说，2020年油价暴跌。这反映在英国石油公司运营现金流的崩溃上。值得庆幸的是，今年油价有所回升，英国石油公司的现金流也有所回升。不过，在等待股息回升到以前的水平时，我并没有屏住呼吸。我认为英国石油公司面临的挑战远不止油价波动那么大。</blockquote></p><p> After all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.</p><p><blockquote>毕竟，世界正在努力摆脱使用石油。从长远来看，英国石油公司的传统石油业务似乎将走下坡路。我认为，董事们之前关于股东分红的决定表明，公司未来将面临不确定的时期。至少，这是我对形势的解读。</blockquote></p><p> But, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s&nbsp;second-quarter report&nbsp;was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.</p><p><blockquote>但是，当然，英国石油公司不会只是翻滚等待到期。上周二发布的第二季度报告对公司在拓展太阳能、海上风力发电机、便利店和电动汽车充电站等新业务方面取得的进展持乐观态度。</blockquote></p><p> <h3><b>Good progress with the integrated energy strategy</b></h3> Chief executive Bernard Looney said the company is making<i>“good progress”</i>with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance<i>“while investing for the future in a disciplined way.”</i></p><p><blockquote><h3><b>综合能源战略取得良好进展</b></h3>首席执行官伯纳德·鲁尼表示，公司正在<i>“进展顺利”</i>其战略是成为一家综合能源公司。强劲的油价帮助公司实现了强劲的财务业绩<i>“同时以有纪律的方式为未来投资”。</i></blockquote></p><p> BP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.</p><p><blockquote>英国石油公司实际上将季度股息提高了 4%，并承诺启动 14 亿美元的股票回购计划。鲁尼表示，上半年盈余现金流将为这些举措提供资金。但我认为使用 “盈余 ”一词是有问题的。毕竟，英国石油公司在第二季度末仍背负着约 330 亿美元的净债务，尽管在此期间设法大幅减少了借款。</blockquote></p><p> When it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.</p><p><blockquote>说到现金流，强劲的油价是英国石油公司的朋友。但油价完全有可能再次循环下跌。可能还需要几年时间，替代业务才能使石油收入的影响变得微不足道。</blockquote></p><p> BP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.</p><p><blockquote>在我看来，英国石油公司的未来将包括发展新的绿色能源业务和管理旧石油业务的衰落。英国石油公司的整体业务有可能在未来几年实现净增长。</blockquote></p><p> But, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.</p><p><blockquote>但对我来说，公司的未来看起来并不确定。因此，我不会选择这只股票作为我的股息主导投资之一。</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>Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-05 14:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the&nbsp;<a href=\"https://laohu8.com/S/BP\">BP PLC</a> share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?</p><p><blockquote>与<a href=\"https://laohu8.com/S/BP\">BP PLC</a>股价接近303便士，2022年前瞻性股息收益率约为5%。那么，股息安全吗？</blockquote></p><p> In attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.</p><p><blockquote>在试图回答这个问题时，我首先要指出的是，英国石油公司的股息并不安全。例如，2019年的历史股息收益率约为9.7%，高于明年的预期收益率。原因是董事们削减了股东股息支付。</blockquote></p><p> <h3><b>BP’s shrinking dividends</b></h3> 2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And&nbsp;it’s the wrong way!</p><p><blockquote><h3><b>英国石油公司股息缩水</b></h3>2019 年的股息为每股 41 美分，2020 年为每股 32 美分，金融城分析师预计 2022 年的股息约为 21 美分。旅行的方向很明确。而且方式不对!</blockquote></p><p> In fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.</p><p><blockquote>公平地说，2020年油价暴跌。这反映在英国石油公司运营现金流的崩溃上。值得庆幸的是，今年油价有所回升，英国石油公司的现金流也有所回升。不过，在等待股息回升到以前的水平时，我并没有屏住呼吸。我认为英国石油公司面临的挑战远不止油价波动那么大。</blockquote></p><p> After all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.</p><p><blockquote>毕竟，世界正在努力摆脱使用石油。从长远来看，英国石油公司的传统石油业务似乎将走下坡路。我认为，董事们之前关于股东分红的决定表明，公司未来将面临不确定的时期。至少，这是我对形势的解读。</blockquote></p><p> But, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s&nbsp;second-quarter report&nbsp;was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.</p><p><blockquote>但是，当然，英国石油公司不会只是翻滚等待到期。上周二发布的第二季度报告对公司在拓展太阳能、海上风力发电机、便利店和电动汽车充电站等新业务方面取得的进展持乐观态度。</blockquote></p><p> <h3><b>Good progress with the integrated energy strategy</b></h3> Chief executive Bernard Looney said the company is making<i>“good progress”</i>with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance<i>“while investing for the future in a disciplined way.”</i></p><p><blockquote><h3><b>综合能源战略取得良好进展</b></h3>首席执行官伯纳德·鲁尼表示，公司正在<i>“进展顺利”</i>其战略是成为一家综合能源公司。强劲的油价帮助公司实现了强劲的财务业绩<i>“同时以有纪律的方式为未来投资”。</i></blockquote></p><p> BP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.</p><p><blockquote>英国石油公司实际上将季度股息提高了 4%，并承诺启动 14 亿美元的股票回购计划。鲁尼表示，上半年盈余现金流将为这些举措提供资金。但我认为使用 “盈余 ”一词是有问题的。毕竟，英国石油公司在第二季度末仍背负着约 330 亿美元的净债务，尽管在此期间设法大幅减少了借款。</blockquote></p><p> When it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.</p><p><blockquote>说到现金流，强劲的油价是英国石油公司的朋友。但油价完全有可能再次循环下跌。可能还需要几年时间，替代业务才能使石油收入的影响变得微不足道。</blockquote></p><p> BP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.</p><p><blockquote>在我看来，英国石油公司的未来将包括发展新的绿色能源业务和管理旧石油业务的衰落。英国石油公司的整体业务有可能在未来几年实现净增长。</blockquote></p><p> But, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.</p><p><blockquote>但对我来说，公司的未来看起来并不确定。因此，我不会选择这只股票作为我的股息主导投资之一。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.co.uk/investing/2021/08/05/is-bps-shareholder-dividend-safe/\">The 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":{"BP..UK":"BP PLC","BP":"英国石油"},"source_url":"https://www.fool.co.uk/investing/2021/08/05/is-bps-shareholder-dividend-safe/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160204013","content_text":"With the BP PLC share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?\nIn attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.\nBP’s shrinking dividends\n2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And it’s the wrong way!\nIn fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.\nAfter all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.\nBut, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s second-quarter report was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.\nGood progress with the integrated energy strategy\nChief executive Bernard Looney said the company is making“good progress”with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance“while investing for the future in a disciplined way.”\nBP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.\nWhen it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.\nBP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.\nBut, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.","news_type":1,"symbols_score_info":{"BP..UK":0.9,"BP":0.9}},"isVote":1,"tweetType":1,"viewCount":2351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158955448,"gmtCreate":1625125847984,"gmtModify":1631887479404,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158955448","repostId":"1115261715","repostType":4,"repost":{"id":"1115261715","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":1625125255,"share":"https://www.laohunote.com/m/news/1115261715?lang=zh_CN&edition=full","pubTime":"2021-07-01 15:40","market":"us","language":"en","title":"Look back to the first half of the year: U.S. stock indexs hit record high, these stocks are winner<blockquote>回顾上半年：美国股指创历史新高，这些股票是赢家</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115261715","media":"Tiger Newspress","summary":"(July 1) The global market officially ended in the first half of the year. On the whole, the French ","content":"<p>(July&nbsp;1)&nbsp;The global market officially ended in the first half of the year. On the whole, the French CAC 40 index took the lead with an increase of 17.2%; the S&amp;P 500 index and the Eurozone Stoxx 50 index increased by 14.4% Tied for second place; followed by the Mexico Composite Index and the German DAX 30 Index, with gains of 14.1% and 13.2%, respectively.</p><p><blockquote>（7月1日）全球市场上半年正式收官。综合来看，法国CAC 40指数以17.2%的涨幅领涨；标普500指数和欧元区斯托克50指数上涨14.4%并列第二；其次是墨西哥综合指数和德国DAX 30指数，分别上涨14.1%和13.2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b0699623d049666a5b8b1af052f8e0d8\" tg-width=\"670\" tg-height=\"1408\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>U.S. stock indexes hit record high, energy stocks are winners</b></p><p><blockquote><b>美国股指创历史新高，能源股成为赢家</b></blockquote></p><p> U.S. stocks in the first half of the year generally showed a trend of volatility and upward movement. The three major indexes jointly set a new record high. The S&amp;P 500 index rose by 14.41% in the first half of the year, which has outperformed the index's average annual growth rate of 11% in the past two decades, and far outpaced the 4% increase in the first half of last year; the Nasdaq index rose by 12.54 % in the first half of the year, the Dow Jones index rose 12.73%.</p><p><blockquote>上半年美股总体呈现震荡上行态势。三大指数联手再创历史新高。标普500指数上半年上涨14.41%，已跑赢该指数近二十年来年均11%的增速，也远超去年上半年4%的涨幅；纳斯达克指数上半年上涨12.54%，道琼斯指数上涨12.73%。</blockquote></p><p> From the perspective of sectors and individual stocks, \"economic recovery\" and \"increasing inflation\" are the two main factors&nbsp;that dominated the U.S. stock market in the first half of the year. Under the influence of these two main factors, energy stocks, finance stocks and real estate stocks outperformed other sectors.</p><p><blockquote>从板块和个股来看，“经济复苏”和“通胀上升”是上半年主导美股市场的两大因素。在这两大因素的影响下，能源股、金融股和地产股跑赢其他板块。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4697acc988167e0c0adfe0713ce52b64\" tg-width=\"1924\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In the first half of this year, with the gradual promotion of the global vaccinations against the new crown, China took the lead in getting out of the shadow of the epidemic, and many European and American countries have gradually begun to loosen their blockades. With the recovery of global economy and the rebound in demand for commodities, especially the rapid rise in energy demand, Brent crude oil is the best performing asset in the first half of the year, with a yield of 44.32%.</p><p><blockquote>今年上半年，随着全球新冠疫苗接种逐步推进，中国率先走出疫情阴影，欧美多国也逐渐开始放松封锁。随着全球经济的复苏和大宗商品需求的反弹，尤其是能源需求的快速上升，布伦特原油是上半年表现最好的资产，收益率为44.32%。</blockquote></p><p> Benefiting from the explosion of demand, US energy stocks are also the top performers. Among the S&amp;P 500 constituent stocks, five of the top ten gainers are energy stocks. Among them, Marathon Petroleum ranked first with a half-year increase of 105.55%. The other four are Diamondback Energy, Devon Energy, Occidental Petroleum and EOG Energy, with increases of 96.07%, 91.64%, 80.77% and 69.30% respectively.</p><p><blockquote>受益于需求爆炸式增长，美国能源股也是表现最好的股票。标普500成分股中，涨幅前十的有五只是能源股。其中，马拉松石油以半年涨幅105.55%居首。其他四家分别是响尾蛇能源、德文能源、西方石油和EOG能源，涨幅分别为96.07%、91.64%、80.77%和69.30%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bf9454f083cdbfc0296a0d9c53d53fe6\" tg-width=\"1924\" tg-height=\"1082\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In addition, among the constituent stocks of the Dow, energy stocks are also among the top performers. Chevron ranked fourth with an increase of 27.32%, and Caterpillar ranked eighth with an increase of 20.74%. Among the constituent stocks of the Dow, the performance of bank stocks is also remarkable.</p><p><blockquote>此外，在道指成分股中，能源股也是表现最为突出的股票之一。雪佛龙以27.32%的涨幅排名第四，卡特彼勒以20.74%的涨幅排名第八。在道指成分股中，银行股的表现也可圈可点。</blockquote></p><p> Bank stocks performed very well during the epidemic, with the help of legislators and the Federal Reserve. Three of the top five companies in the Dow's gainers are bank stocks. Among them, Goldman Sachs ranked first with increaing 44.97%; American Express ranked second with a 37.55% increase, and JPMorgan Chase ranked fifth with a 24.01% increase.</p><p><blockquote>在立法者和美联储的帮助下，银行股在疫情期间表现非常出色。道琼斯指数涨幅最大的五家公司中有三家是银行股。其中，高盛以44.97%的涨幅居首；美国运通以37.55%的涨幅排名第二，摩根大通以24.01%的涨幅排名第五。</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>Look back to the first half of the year: U.S. stock indexs hit record high, these stocks are winner<blockquote>回顾上半年：美国股指创历史新高，这些股票是赢家</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\">\nLook back to the first half of the year: U.S. stock indexs hit record high, these stocks are winner<blockquote>回顾上半年：美国股指创历史新高，这些股票是赢家</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\">2021-07-01 15:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July&nbsp;1)&nbsp;The global market officially ended in the first half of the year. On the whole, the French CAC 40 index took the lead with an increase of 17.2%; the S&amp;P 500 index and the Eurozone Stoxx 50 index increased by 14.4% Tied for second place; followed by the Mexico Composite Index and the German DAX 30 Index, with gains of 14.1% and 13.2%, respectively.</p><p><blockquote>（7月1日）全球市场上半年正式收官。综合来看，法国CAC 40指数以17.2%的涨幅领涨；标普500指数和欧元区斯托克50指数上涨14.4%并列第二；其次是墨西哥综合指数和德国DAX 30指数，分别上涨14.1%和13.2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b0699623d049666a5b8b1af052f8e0d8\" tg-width=\"670\" tg-height=\"1408\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>U.S. stock indexes hit record high, energy stocks are winners</b></p><p><blockquote><b>美国股指创历史新高，能源股成为赢家</b></blockquote></p><p> U.S. stocks in the first half of the year generally showed a trend of volatility and upward movement. The three major indexes jointly set a new record high. The S&amp;P 500 index rose by 14.41% in the first half of the year, which has outperformed the index's average annual growth rate of 11% in the past two decades, and far outpaced the 4% increase in the first half of last year; the Nasdaq index rose by 12.54 % in the first half of the year, the Dow Jones index rose 12.73%.</p><p><blockquote>上半年美股总体呈现震荡上行态势。三大指数联手再创历史新高。标普500指数上半年上涨14.41%，已跑赢该指数近二十年来年均11%的增速，也远超去年上半年4%的涨幅；纳斯达克指数上半年上涨12.54%，道琼斯指数上涨12.73%。</blockquote></p><p> From the perspective of sectors and individual stocks, \"economic recovery\" and \"increasing inflation\" are the two main factors&nbsp;that dominated the U.S. stock market in the first half of the year. Under the influence of these two main factors, energy stocks, finance stocks and real estate stocks outperformed other sectors.</p><p><blockquote>从板块和个股来看，“经济复苏”和“通胀上升”是上半年主导美股市场的两大因素。在这两大因素的影响下，能源股、金融股和地产股跑赢其他板块。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4697acc988167e0c0adfe0713ce52b64\" tg-width=\"1924\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In the first half of this year, with the gradual promotion of the global vaccinations against the new crown, China took the lead in getting out of the shadow of the epidemic, and many European and American countries have gradually begun to loosen their blockades. With the recovery of global economy and the rebound in demand for commodities, especially the rapid rise in energy demand, Brent crude oil is the best performing asset in the first half of the year, with a yield of 44.32%.</p><p><blockquote>今年上半年，随着全球新冠疫苗接种逐步推进，中国率先走出疫情阴影，欧美多国也逐渐开始放松封锁。随着全球经济的复苏和大宗商品需求的反弹，尤其是能源需求的快速上升，布伦特原油是上半年表现最好的资产，收益率为44.32%。</blockquote></p><p> Benefiting from the explosion of demand, US energy stocks are also the top performers. Among the S&amp;P 500 constituent stocks, five of the top ten gainers are energy stocks. Among them, Marathon Petroleum ranked first with a half-year increase of 105.55%. The other four are Diamondback Energy, Devon Energy, Occidental Petroleum and EOG Energy, with increases of 96.07%, 91.64%, 80.77% and 69.30% respectively.</p><p><blockquote>受益于需求爆炸式增长，美国能源股也是表现最好的股票。标普500成分股中，涨幅前十的有五只是能源股。其中，马拉松石油以半年涨幅105.55%居首。其他四家分别是响尾蛇能源、德文能源、西方石油和EOG能源，涨幅分别为96.07%、91.64%、80.77%和69.30%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bf9454f083cdbfc0296a0d9c53d53fe6\" tg-width=\"1924\" tg-height=\"1082\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In addition, among the constituent stocks of the Dow, energy stocks are also among the top performers. Chevron ranked fourth with an increase of 27.32%, and Caterpillar ranked eighth with an increase of 20.74%. Among the constituent stocks of the Dow, the performance of bank stocks is also remarkable.</p><p><blockquote>此外，在道指成分股中，能源股也是表现最为突出的股票之一。雪佛龙以27.32%的涨幅排名第四，卡特彼勒以20.74%的涨幅排名第八。在道指成分股中，银行股的表现也可圈可点。</blockquote></p><p> Bank stocks performed very well during the epidemic, with the help of legislators and the Federal Reserve. Three of the top five companies in the Dow's gainers are bank stocks. Among them, Goldman Sachs ranked first with increaing 44.97%; American Express ranked second with a 37.55% increase, and JPMorgan Chase ranked fifth with a 24.01% increase.</p><p><blockquote>在立法者和美联储的帮助下，银行股在疫情期间表现非常出色。道琼斯指数涨幅最大的五家公司中有三家是银行股。其中，高盛以44.97%的涨幅居首；美国运通以37.55%的涨幅排名第二，摩根大通以24.01%的涨幅排名第五。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115261715","content_text":"(July 1) The global market officially ended in the first half of the year. On the whole, the French CAC 40 index took the lead with an increase of 17.2%; the S&P 500 index and the Eurozone Stoxx 50 index increased by 14.4% Tied for second place; followed by the Mexico Composite Index and the German DAX 30 Index, with gains of 14.1% and 13.2%, respectively.\n\nU.S. stock indexes hit record high, energy stocks are winners\nU.S. stocks in the first half of the year generally showed a trend of volatility and upward movement. The three major indexes jointly set a new record high. The S&P 500 index rose by 14.41% in the first half of the year, which has outperformed the index's average annual growth rate of 11% in the past two decades, and far outpaced the 4% increase in the first half of last year; the Nasdaq index rose by 12.54 % in the first half of the year, the Dow Jones index rose 12.73%.\nFrom the perspective of sectors and individual stocks, \"economic recovery\" and \"increasing inflation\" are the two main factors that dominated the U.S. stock market in the first half of the year. Under the influence of these two main factors, energy stocks, finance stocks and real estate stocks outperformed other sectors.\n\nIn the first half of this year, with the gradual promotion of the global vaccinations against the new crown, China took the lead in getting out of the shadow of the epidemic, and many European and American countries have gradually begun to loosen their blockades. With the recovery of global economy and the rebound in demand for commodities, especially the rapid rise in energy demand, Brent crude oil is the best performing asset in the first half of the year, with a yield of 44.32%.\nBenefiting from the explosion of demand, US energy stocks are also the top performers. Among the S&P 500 constituent stocks, five of the top ten gainers are energy stocks. Among them, Marathon Petroleum ranked first with a half-year increase of 105.55%. The other four are Diamondback Energy, Devon Energy, Occidental Petroleum and EOG Energy, with increases of 96.07%, 91.64%, 80.77% and 69.30% respectively.\n\nIn addition, among the constituent stocks of the Dow, energy stocks are also among the top performers. Chevron ranked fourth with an increase of 27.32%, and Caterpillar ranked eighth with an increase of 20.74%. Among the constituent stocks of the Dow, the performance of bank stocks is also remarkable.\nBank stocks performed very well during the epidemic, with the help of legislators and the Federal Reserve. Three of the top five companies in the Dow's gainers are bank stocks. Among them, Goldman Sachs ranked first with increaing 44.97%; American Express ranked second with a 37.55% increase, and JPMorgan Chase ranked fifth with a 24.01% increase.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153537197,"gmtCreate":1625033562619,"gmtModify":1631887479415,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153537197","repostId":"1174730802","repostType":4,"isVote":1,"tweetType":1,"viewCount":2825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159319429,"gmtCreate":1624940953561,"gmtModify":1631887479425,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159319429","repostId":"1113711731","repostType":4,"repost":{"id":"1113711731","kind":"news","pubTimestamp":1624937958,"share":"https://www.laohunote.com/m/news/1113711731?lang=zh_CN&edition=full","pubTime":"2021-06-29 11:39","market":"us","language":"en","title":"NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113711731","media":"Barrons","summary":"Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options tradi","content":"<p>Stock in Chinese electric vehicle maker&nbsp;NIO&nbsp;is&nbsp;on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.</p><p><blockquote>中国电动汽车制造商蔚来的股票着火了。虽然期权交易量的激增并不能完美解释股价上涨，但它确实帮助股市在周一飙升。</blockquote></p><p> NIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The&nbsp;S&amp;P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.</p><p><blockquote>蔚来（股票代码：蔚来）股价周一上涨近 10%，过去一个月股价上涨 28%。相比之下，标准普尔 500 指数周一上涨 0.2%，过去一个月上涨 2%。与周五相比，周一看涨期权期权交易量增长了近 200%，这可能是蔚来股票波动更大的最大原因。</blockquote></p><p> Call options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.</p><p><blockquote>看涨期权期权赋予持有人以固定价格购买股票的权利。（购买看涨期权是对标的股票的看涨。）经纪人会出售和交易期权合约，因为他们想从交易中赚取佣金。但经纪商不想做空看涨期权期权，这意味着如果股价上涨，他们将不得不承担损失。</blockquote></p><p> One way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.</p><p><blockquote>经纪商对冲期权头寸的一种方法是购买标的股票。如果经纪人出售看涨期权并购买股票，他们可以赚取期权佣金，如果股票上涨，他们可以将购买的股票交付给看涨期权持有人。在这种情况下，经纪人不必以更高的价格购买股票。这一过程是高于平均水平的看涨期权买入量推动标的股票买入量的一种方式。</blockquote></p><p> Other factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.</p><p><blockquote>其他因素似乎没有起作用。例如，华尔街的反弹功不可没。过去一个月，分析师对蔚来股票的平均目标价上涨了约 1%，自该公司 4 月底公布收益以来，这些目标并没有发生太大变化。回顾过去，分析师的平均目标价已上涨约 1 美元，至每股 59 美元多一点。</blockquote></p><p> News doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.</p><p><blockquote>新闻似乎也不是蔚来反弹的可信理由。蔚来网站上的最后一次发布是在 6 月 1 日，当时该公司报告称将于 5 月交付。这些数字让投资者松了一口气，因为尽管全球汽车半导体短缺扰乱了整个行业，但这家电动汽车公司仍维持了第二季度的交付指引。</blockquote></p><p> NIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.</p><p><blockquote>蔚来股价今年迄今已上涨 1%。2021 年到目前为止，这是一段疯狂的旅程。根据最近的交易情况，这一趋势将继续下去。</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>NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</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\">\nNIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-29 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock in Chinese electric vehicle maker&nbsp;NIO&nbsp;is&nbsp;on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.</p><p><blockquote>中国电动汽车制造商蔚来的股票着火了。虽然期权交易量的激增并不能完美解释股价上涨，但它确实帮助股市在周一飙升。</blockquote></p><p> NIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The&nbsp;S&amp;P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.</p><p><blockquote>蔚来（股票代码：蔚来）股价周一上涨近 10%，过去一个月股价上涨 28%。相比之下，标准普尔 500 指数周一上涨 0.2%，过去一个月上涨 2%。与周五相比，周一看涨期权期权交易量增长了近 200%，这可能是蔚来股票波动更大的最大原因。</blockquote></p><p> Call options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.</p><p><blockquote>看涨期权期权赋予持有人以固定价格购买股票的权利。（购买看涨期权是对标的股票的看涨。）经纪人会出售和交易期权合约，因为他们想从交易中赚取佣金。但经纪商不想做空看涨期权期权，这意味着如果股价上涨，他们将不得不承担损失。</blockquote></p><p> One way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.</p><p><blockquote>经纪商对冲期权头寸的一种方法是购买标的股票。如果经纪人出售看涨期权并购买股票，他们可以赚取期权佣金，如果股票上涨，他们可以将购买的股票交付给看涨期权持有人。在这种情况下，经纪人不必以更高的价格购买股票。这一过程是高于平均水平的看涨期权买入量推动标的股票买入量的一种方式。</blockquote></p><p> Other factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.</p><p><blockquote>其他因素似乎没有起作用。例如，华尔街的反弹功不可没。过去一个月，分析师对蔚来股票的平均目标价上涨了约 1%，自该公司 4 月底公布收益以来，这些目标并没有发生太大变化。回顾过去，分析师的平均目标价已上涨约 1 美元，至每股 59 美元多一点。</blockquote></p><p> News doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.</p><p><blockquote>新闻似乎也不是蔚来反弹的可信理由。蔚来网站上的最后一次发布是在 6 月 1 日，当时该公司报告称将于 5 月交付。这些数字让投资者松了一口气，因为尽管全球汽车半导体短缺扰乱了整个行业，但这家电动汽车公司仍维持了第二季度的交付指引。</blockquote></p><p> NIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.</p><p><blockquote>蔚来股价今年迄今已上涨 1%。2021 年到目前为止，这是一段疯狂的旅程。根据最近的交易情况，这一趋势将继续下去。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nio-stock-options-volume-51624921009?siteid=yhoof2\">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":{"NIO":"蔚来"},"source_url":"https://www.barrons.com/articles/nio-stock-options-volume-51624921009?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113711731","content_text":"Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.\nNIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The S&P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.\nCall options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.\nOne way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.\nOther factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.\nNews doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.\nNIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124406875,"gmtCreate":1624776496297,"gmtModify":1631887479442,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124406875","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":2596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125470738,"gmtCreate":1624689189624,"gmtModify":1631887479453,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125470738","repostId":"1112141657","repostType":4,"repost":{"id":"1112141657","kind":"news","pubTimestamp":1624674481,"share":"https://www.laohunote.com/m/news/1112141657?lang=zh_CN&edition=full","pubTime":"2021-06-26 10:28","market":"us","language":"en","title":"These Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112141657","media":"Barrons","summary":"Wall Street has been pricing in an infrastructure bill since the White House unveiled the American J","content":"<p>Wall Street has been pricing in an infrastructure bill&nbsp;since the White House unveiled the American Jobs Plan in April. When agreement came this past week, the rally continued.</p><p><blockquote>自白宫4月份公布美国就业计划以来，华尔街一直在为基础设施法案定价。当上周达成协议时，反弹仍在继续。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;climbed 1% on Thursday, and the&nbsp;S&amp;P 500 Industrial Sector&nbsp;added about 0.8%, both outpacing the broader market, as President Joe Biden announced that he had come to an agreement with a group of Republican and Democratic senators on an infrastructure package of roughly $600 billion. And the industrial outperformance continued on Friday.</p><p><blockquote>道琼斯工业平均指数周四上涨1%，标普500工业板块上涨约0.8%，均跑赢大盘，总统乔·拜登宣布他已与一群共和党和民主党参议员就约6000亿美元的基础设施一揽子计划达成协议。周五工业表现继续优异。</blockquote></p><p> The package includes some $300 billion for roads, bridges, and other major transportation projects. An additional $266 billion includes water infrastructure, broadband, and power infrastructure. The spending is part of a larger package of approved spending that totals about $1.2 trillion over an eight-year period. The infrastructure bill must still be approved by Congress before Biden can sign it.</p><p><blockquote>该计划包括约3000亿美元用于道路、桥梁和其他主要交通项目。另外2660亿美元包括水利基础设施、宽带和电力基础设施。这笔支出是一揽子批准支出的一部分，八年内总额约为 1.2 万亿美元。基础设施法案仍需获得国会批准，拜登才能签署。</blockquote></p><p> Other priorities that Biden had outlined, such as more spending on child-care initiatives, will have to be pursued in a separate package devoted to “human infrastructure,” probably by using the budget reconciliation process in the Senate, where Democrats hold a tie-breaker vote. The bipartisan agreement would probably be tied to the reconciliation bill, as Biden has said he wants both on his desk at the same time.</p><p><blockquote>拜登概述的其他优先事项，如在儿童保育计划上增加支出，将不得不在一个专门用于 “人类基础设施 ”的单独一揽子计划中实施，可能是通过参议院的预算调解程序来实现的，民主党人在参议院进行决胜投票。两党协议可能会与和解法案挂钩，因为拜登曾表示，他希望两者同时摆在他的办公桌上。</blockquote></p><p> Still, agreement on the physical infrastructure spending is a victory for political comity, the economy, and potentially a range of stocks and market sectors. “Roughly $600 billion in new spending for roads, bridges, public transit, and broadband as well as a host of other areas would likely be considered a ‘win’ for the White House,” Wells Fargo economist Michael Pugliese said in a note. “As in baseball, a win does not always have to be a home run. Sometimes it pays to just get on base.”</p><p><blockquote>尽管如此，就有形基础设施支出达成协议是政治礼貌、经济以及潜在的一系列股票和市场板块的胜利。“富国银行经济学家迈克尔-普列塞（Michael Pugliese）在一份报告中说：”用于道路、桥梁、公共交通和宽带以及其他一系列领域的约6000亿美元新支出很可能被视为白宫的'胜利'。“就像在棒球比赛中一样，胜利并不总是全垒打。有时候，上垒是值得的。”</blockquote></p><p> One way to play for further upside in the bipartisan deal is the package’s emphasis on expanding broadband, says Josh Duitz, who runs the $185 million Aberdeen Standard Global Infrastructure Income fund (ticker: ASGI). As of May 31, his portfolio’s holdings included&nbsp;American Tower(AMT). He added that&nbsp;Ferrovial(FER.Spain), a global infrastructure company that builds roads and other projects, would also benefit from the package. It’s another of his holdings. “This is just one more positive catalyst for infrastructure,” Duitz said.</p><p><blockquote>1.85 亿美元的阿伯丁标准全球基础设施收入基金（股票代码：ASGI）负责人乔希-杜伊茨（Josh Duitz）说，两党协议进一步提升空间的一个途径是该方案强调扩大宽带。截至 5 月 31 日，他的投资组合中包括美国铁塔（AMT）。他补充说，Ferrovial（FER.Spain）是一家建设道路和其他项目的全球基础设施公司，也将从该计划中受益。这是他的另一笔财产。“杜伊茨说：”这只是基础设施建设的又一个积极催化剂。</blockquote></p><p> Analysts at Stifel, meanwhile, believe the deal “generates significant upside” for machinery, construction materials, and rental companies.</p><p><blockquote>与此同时，Stifel 的分析师认为，这笔交易将为机械、建筑材料和租赁公司 “带来巨大的上涨空间”。</blockquote></p><p> Stifel said that the beneficiaries of the infrastructure bill include these five companies:Astec Industries(ASTE), whose products include asphalt and concrete;Martin Marietta Materials(MLM), which makes construction materials;Construction Partners(ROAD), which builds roadways;United Rentals(URI); and&nbsp;Vulcan Materials(VMC), which makes construction materials.</p><p><blockquote>斯蒂费尔表示，基础设施法案的受益者包括这五家公司：Astec Industries（ASTE），其产品包括沥青和混凝土；生产建筑材料的马丁玛丽埃塔材料公司（MLM）；Construction Partners（ROAD），修建道路；联合租赁公司（URI）；以及生产建筑材料的 Vulcan Materials (VMC)。</blockquote></p><p> Separately on Friday, Jefferies upgraded Martin Marietta Materials and Vulcan Materials to Buy from Hold. It also raised the price targets to $424 and $207, respectively.</p><p><blockquote>另外，周五，杰富瑞将 Martin Marietta Materials 和 Vulcan Materials 的评级上调至持有。它还将目标价分别上调至 424 美元和 207 美元。</blockquote></p><p> Stifel expects other companies to benefit, as well. Those include&nbsp;Caterpillar(CAT),Deere(DE),Manitowoc(MTW),Oshkosh(OSK), and&nbsp;Terex(TEX)—“each of which sells machinery into the infrastructure” market.</p><p><blockquote>Stifel 预计其他公司也将从中受益。其中包括卡特彼勒 (CAT)、Deere (DE)、马尼托瓦克 (MTW)、奥什科什 (OSK) 和特雷克斯 (TEX)——“每家公司都向基础设施市场销售机械”。</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>These Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</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\">\nThese Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-26 10:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street has been pricing in an infrastructure bill&nbsp;since the White House unveiled the American Jobs Plan in April. When agreement came this past week, the rally continued.</p><p><blockquote>自白宫4月份公布美国就业计划以来，华尔街一直在为基础设施法案定价。当上周达成协议时，反弹仍在继续。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;climbed 1% on Thursday, and the&nbsp;S&amp;P 500 Industrial Sector&nbsp;added about 0.8%, both outpacing the broader market, as President Joe Biden announced that he had come to an agreement with a group of Republican and Democratic senators on an infrastructure package of roughly $600 billion. And the industrial outperformance continued on Friday.</p><p><blockquote>道琼斯工业平均指数周四上涨1%，标普500工业板块上涨约0.8%，均跑赢大盘，总统乔·拜登宣布他已与一群共和党和民主党参议员就约6000亿美元的基础设施一揽子计划达成协议。周五工业表现继续优异。</blockquote></p><p> The package includes some $300 billion for roads, bridges, and other major transportation projects. An additional $266 billion includes water infrastructure, broadband, and power infrastructure. The spending is part of a larger package of approved spending that totals about $1.2 trillion over an eight-year period. The infrastructure bill must still be approved by Congress before Biden can sign it.</p><p><blockquote>该计划包括约3000亿美元用于道路、桥梁和其他主要交通项目。另外2660亿美元包括水利基础设施、宽带和电力基础设施。这笔支出是一揽子批准支出的一部分，八年内总额约为 1.2 万亿美元。基础设施法案仍需获得国会批准，拜登才能签署。</blockquote></p><p> Other priorities that Biden had outlined, such as more spending on child-care initiatives, will have to be pursued in a separate package devoted to “human infrastructure,” probably by using the budget reconciliation process in the Senate, where Democrats hold a tie-breaker vote. The bipartisan agreement would probably be tied to the reconciliation bill, as Biden has said he wants both on his desk at the same time.</p><p><blockquote>拜登概述的其他优先事项，如在儿童保育计划上增加支出，将不得不在一个专门用于 “人类基础设施 ”的单独一揽子计划中实施，可能是通过参议院的预算调解程序来实现的，民主党人在参议院进行决胜投票。两党协议可能会与和解法案挂钩，因为拜登曾表示，他希望两者同时摆在他的办公桌上。</blockquote></p><p> Still, agreement on the physical infrastructure spending is a victory for political comity, the economy, and potentially a range of stocks and market sectors. “Roughly $600 billion in new spending for roads, bridges, public transit, and broadband as well as a host of other areas would likely be considered a ‘win’ for the White House,” Wells Fargo economist Michael Pugliese said in a note. “As in baseball, a win does not always have to be a home run. Sometimes it pays to just get on base.”</p><p><blockquote>尽管如此，就有形基础设施支出达成协议是政治礼貌、经济以及潜在的一系列股票和市场板块的胜利。“富国银行经济学家迈克尔-普列塞（Michael Pugliese）在一份报告中说：”用于道路、桥梁、公共交通和宽带以及其他一系列领域的约6000亿美元新支出很可能被视为白宫的'胜利'。“就像在棒球比赛中一样，胜利并不总是全垒打。有时候，上垒是值得的。”</blockquote></p><p> One way to play for further upside in the bipartisan deal is the package’s emphasis on expanding broadband, says Josh Duitz, who runs the $185 million Aberdeen Standard Global Infrastructure Income fund (ticker: ASGI). As of May 31, his portfolio’s holdings included&nbsp;American Tower(AMT). He added that&nbsp;Ferrovial(FER.Spain), a global infrastructure company that builds roads and other projects, would also benefit from the package. It’s another of his holdings. “This is just one more positive catalyst for infrastructure,” Duitz said.</p><p><blockquote>1.85 亿美元的阿伯丁标准全球基础设施收入基金（股票代码：ASGI）负责人乔希-杜伊茨（Josh Duitz）说，两党协议进一步提升空间的一个途径是该方案强调扩大宽带。截至 5 月 31 日，他的投资组合中包括美国铁塔（AMT）。他补充说，Ferrovial（FER.Spain）是一家建设道路和其他项目的全球基础设施公司，也将从该计划中受益。这是他的另一笔财产。“杜伊茨说：”这只是基础设施建设的又一个积极催化剂。</blockquote></p><p> Analysts at Stifel, meanwhile, believe the deal “generates significant upside” for machinery, construction materials, and rental companies.</p><p><blockquote>与此同时，Stifel 的分析师认为，这笔交易将为机械、建筑材料和租赁公司 “带来巨大的上涨空间”。</blockquote></p><p> Stifel said that the beneficiaries of the infrastructure bill include these five companies:Astec Industries(ASTE), whose products include asphalt and concrete;Martin Marietta Materials(MLM), which makes construction materials;Construction Partners(ROAD), which builds roadways;United Rentals(URI); and&nbsp;Vulcan Materials(VMC), which makes construction materials.</p><p><blockquote>斯蒂费尔表示，基础设施法案的受益者包括这五家公司：Astec Industries（ASTE），其产品包括沥青和混凝土；生产建筑材料的马丁玛丽埃塔材料公司（MLM）；Construction Partners（ROAD），修建道路；联合租赁公司（URI）；以及生产建筑材料的 Vulcan Materials (VMC)。</blockquote></p><p> Separately on Friday, Jefferies upgraded Martin Marietta Materials and Vulcan Materials to Buy from Hold. It also raised the price targets to $424 and $207, respectively.</p><p><blockquote>另外，周五，杰富瑞将 Martin Marietta Materials 和 Vulcan Materials 的评级上调至持有。它还将目标价分别上调至 424 美元和 207 美元。</blockquote></p><p> Stifel expects other companies to benefit, as well. Those include&nbsp;Caterpillar(CAT),Deere(DE),Manitowoc(MTW),Oshkosh(OSK), and&nbsp;Terex(TEX)—“each of which sells machinery into the infrastructure” market.</p><p><blockquote>Stifel 预计其他公司也将从中受益。其中包括卡特彼勒 (CAT)、Deere (DE)、马尼托瓦克 (MTW)、奥什科什 (OSK) 和特雷克斯 (TEX)——“每家公司都向基础设施市场销售机械”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-infrastructure-spending-51624667261?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"URI":"联合租赁","MLM":"马丁-玛丽埃塔材料","ROAD":"Construction Partners","DE":"迪尔股份有限公司","VMC":"火神材料","MTW":"马尼托沃克","CAT":"卡特彼勒","TEX":"特雷克斯","ASTE":"Astec实业","OSK":"Oshkosh"},"source_url":"https://www.barrons.com/articles/stocks-infrastructure-spending-51624667261?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112141657","content_text":"Wall Street has been pricing in an infrastructure bill since the White House unveiled the American Jobs Plan in April. When agreement came this past week, the rally continued.\nThe Dow Jones Industrial Average climbed 1% on Thursday, and the S&P 500 Industrial Sector added about 0.8%, both outpacing the broader market, as President Joe Biden announced that he had come to an agreement with a group of Republican and Democratic senators on an infrastructure package of roughly $600 billion. And the industrial outperformance continued on Friday.\nThe package includes some $300 billion for roads, bridges, and other major transportation projects. An additional $266 billion includes water infrastructure, broadband, and power infrastructure. The spending is part of a larger package of approved spending that totals about $1.2 trillion over an eight-year period. The infrastructure bill must still be approved by Congress before Biden can sign it.\nOther priorities that Biden had outlined, such as more spending on child-care initiatives, will have to be pursued in a separate package devoted to “human infrastructure,” probably by using the budget reconciliation process in the Senate, where Democrats hold a tie-breaker vote. The bipartisan agreement would probably be tied to the reconciliation bill, as Biden has said he wants both on his desk at the same time.\nStill, agreement on the physical infrastructure spending is a victory for political comity, the economy, and potentially a range of stocks and market sectors. “Roughly $600 billion in new spending for roads, bridges, public transit, and broadband as well as a host of other areas would likely be considered a ‘win’ for the White House,” Wells Fargo economist Michael Pugliese said in a note. “As in baseball, a win does not always have to be a home run. Sometimes it pays to just get on base.”\nOne way to play for further upside in the bipartisan deal is the package’s emphasis on expanding broadband, says Josh Duitz, who runs the $185 million Aberdeen Standard Global Infrastructure Income fund (ticker: ASGI). As of May 31, his portfolio’s holdings included American Tower(AMT). He added that Ferrovial(FER.Spain), a global infrastructure company that builds roads and other projects, would also benefit from the package. It’s another of his holdings. “This is just one more positive catalyst for infrastructure,” Duitz said.\nAnalysts at Stifel, meanwhile, believe the deal “generates significant upside” for machinery, construction materials, and rental companies.\nStifel said that the beneficiaries of the infrastructure bill include these five companies:Astec Industries(ASTE), whose products include asphalt and concrete;Martin Marietta Materials(MLM), which makes construction materials;Construction Partners(ROAD), which builds roadways;United Rentals(URI); and Vulcan Materials(VMC), which makes construction materials.\nSeparately on Friday, Jefferies upgraded Martin Marietta Materials and Vulcan Materials to Buy from Hold. It also raised the price targets to $424 and $207, respectively.\nStifel expects other companies to benefit, as well. Those include Caterpillar(CAT),Deere(DE),Manitowoc(MTW),Oshkosh(OSK), and Terex(TEX)—“each of which sells machinery into the infrastructure” market.","news_type":1,"symbols_score_info":{"TEX":0.9,"DE":0.9,"MTW":0.9,"VMC":0.9,"ASTE":0.9,"CAT":0.9,"MLM":0.9,"OSK":0.9,"ROAD":0.9,"URI":0.9}},"isVote":1,"tweetType":1,"viewCount":2306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122314213,"gmtCreate":1624597433532,"gmtModify":1631887479467,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/122314213","repostId":"1137689091","repostType":4,"isVote":1,"tweetType":1,"viewCount":832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128527534,"gmtCreate":1624524741928,"gmtModify":1631887479478,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128527534","repostId":"1159732624","repostType":4,"repost":{"id":"1159732624","kind":"news","pubTimestamp":1624523072,"share":"https://www.laohunote.com/m/news/1159732624?lang=zh_CN&edition=full","pubTime":"2021-06-24 16:24","market":"us","language":"en","title":"The Fed's Inflation Gamble Continues<blockquote>美联储的通胀赌博仍在继续</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159732624","media":"zerohedge","summary":"The fed's inflation gamble continues...\nAre central banks trapped?\nLast week’s Fed statement and the","content":"<p>The fed's inflation gamble continues...</p><p><blockquote>美联储的通胀赌博仍在继续……</blockquote></p><p> Are central banks trapped?</p><p><blockquote>央行被困住了吗？</blockquote></p><p> Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.</p><p><blockquote>上周的美联储声明和随后的新闻发布会被证明是金价下跌 90 美元（4.8%）的开始。</blockquote></p><p> The fed's inflation gamble continues...</p><p><blockquote>美联储的通胀赌博仍在继续……</blockquote></p><p> Are central banks trapped?</p><p><blockquote>央行被困住了吗？</blockquote></p><p> Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.</p><p><blockquote>上周的美联储声明和随后的新闻发布会被证明是金价下跌 90 美元（4.8%）的开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b5f6f4d07713bdee7bee47adab746e65\" tg-width=\"1004\" tg-height=\"576\"><i>Gold Price Daily Chart</i></p><p><blockquote><i>黄金价格日线图</i></blockquote></p><p> Fed on Economic Recovery</p><p><blockquote>美联储谈经济复苏</blockquote></p><p> The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed their median projection for the Fed Funds rate from its current rate of 0.1% to 0.6% by 2023 year-end – an increase of 0.5% or two rate increases more than two years from now.</p><p><blockquote>声明中发布的经济预测摘要（称为点阵图）显示，委员会成员将联邦基金利率的预测中值从目前的 0.1% 改为到 2023 年底的 0.6%——加息 0.5% 或两年多后两次加息。</blockquote></p><p> And these forecasted rate increases will only happen if inflation is well anchored above the 2% target and the Fed feels it has met its maximum employment part of the mandate. In response to a question in the press conference Chair Powell said:</p><p><blockquote>只有当通胀稳定在 2% 的目标之上，并且美联储认为自己已经达到了任务中的最大就业部分时，这些预测的加息才会发生。鲍威尔主席在新闻发布会上回答提问时表示：</blockquote></p><p>   <i>… the main message I would take away from the SEP is that many [FOMC] participants are more comfortable that the economic conditions in the Committee's forward guidance will be met somewhat sooner than previously anticipated [i.e., labor market conditions consistent with maximum employment, inflation at 2 percent and on track to exceed 2 percent]. And that [is] a welcome development. If such outcomes materialize, it means the economy will have made faster progress toward our goals.</i>    <i> …… the other thing I'll say is</i>  <i><b>rate increases are really not at all the focus of the Committee.</b></i>  <i>The focus of the Committee is the current state of the economy. …</i>  <i><b>we're [still] very far from maximum employment,</b></i>  <i>for example. …</i>  <i><b>the near-term discussion that will begin is about the path of asset purchases</b></i>  <i>… we [discussed] that today, and expect to continue in future meetings to think about our progress … Lift-off [a hike in the FF-rate] is well into the future …</i>  The Fed has reason to be optimistic about the economy, as economic data, both anecdotal and official data releases have been stronger than expected.</p><p><blockquote><i>……我从 SEP 中得到的主要信息是，许多 [FOMC] 参与者更放心，委员会前瞻性指导中的经济条件将比之前预期的稍早满足（即劳动力市场条件与最大就业、通胀率为 2% 并有望超过 2%）。这是一个受欢迎的发展。如果这样的结果成为现实，这意味着经济将朝着我们的目标取得更快的进展。</i><i>……我要说的另一件事是</i><i><b>加息根本不是委员会的重点。</b></i><i>委员会的重点是当前的经济状况。 …</i><i><b>我们离最大限度的就业还很远，</b></i><i>举个例子。</i><i><b>即将开始的近期讨论是关于资产购买路径</b></i><i>……我们今天[讨论]了这个问题，并希望在未来的会议上继续思考我们的进展……解除[FF 利率上调]已经进入未来……</i>美联储有理由对经济持乐观态度，因为经济数据，无论是轶事数据还是官方数据发布都强于预期。</blockquote></p><p> The housing market in many parts of the country is red hot, employers are scrambling to find workers, retail sales have been strong, and inflation, even taking out the drop from last year has been somewhat elevated.</p><p><blockquote>该国许多地区的房地产市场火爆，雇主们争先恐后地寻找工人，零售销售一直强劲，通货膨胀，即使剔除了去年的下降，也有所上升。</blockquote></p><p> And remember the Fed is adding US$80 billion in US Treasuries, and US$40 billion in mortgage-backed securities to its balance sheet each month – that’s $120 billion in extra liquidity flowing straight into already drunk markets.</p><p><blockquote>请记住，美联储每月都会在资产负债表上增加 800 亿美元的美国国债和 400 亿美元的抵押贷款支持证券--这意味着 1200 亿美元的额外流动性直接流入已经醉醺醺的市场。</blockquote></p><p> Assets on the Fed’s balance sheet hit over US$8 trillion last week – that is 36% of US GDP.</p><p><blockquote>上周，美联储资产负债表上的资产超过 8 万亿美元，占美国 GDP 的 36%。</blockquote></p><p> So here is the trap – not only did gold prices decline by almost 5% last week, but interest rates shot up and the US dollar gained strength – all on the Fed<i>talking about tapering</i>and a forecast of a possible increase more than two years from now. Back to Powell’s press conference for his comments on tapering:</p><p><blockquote>因此，陷阱就在这里——不仅金价上周下跌了近 5%，而且利率飙升，美元走强——这一切都是由于美联储造成的<i>浅谈渐进式</i>并预测两年后可能会增加。回到鲍威尔的新闻发布会，了解他对缩减规模的评论：</blockquote></p><p>   <i>… [As to when we might consider starting to reduce our asset purchases] you can think of this meeting that we had as</i>  <i><b>the talking about [tapering] meeting</b></i>  <i>…</i>    <i>… We don't think that we're in a situation [where we need to raise rates to control inflation]. We think that</i>  <i><b>the economy is recovering from a deep hole</b></i>  <i>, an unusual hole actually, because it's to do with shutting down the economy. It turns out it's a heck of a lot easier to create demand than it is to bring supply back up to snuff …</i>  <img src=\"https://static.tigerbbs.com/ec4fa685f7c5899a9b342d3532c07720\" tg-width=\"1006\" tg-height=\"574\"><img src=\"https://static.tigerbbs.com/1e18dc5c6c4033c23e38c134098332cb\" tg-width=\"1010\" tg-height=\"578\"></p><p><blockquote><i>……[至于我们何时可能考虑开始减少资产购买]您可以将我们举行的这次会议视为</i><i><b>谈论[缩减]会议</b></i><i>…</i><i>……我们不认为我们处于[需要加息来控制通货膨胀]的境地。我们认为</i><i><b>经济正从深渊中复苏</b></i><i>实际上，这是一个不寻常的漏洞，因为它与关闭经济有关。事实证明，创造需求比让供应恢复到正常水平要容易得多……</i></blockquote></p><p> <i>US Dollar Index (DXY) Chart</i></p><p><blockquote><i>美元指数（DXY）图表</i></blockquote></p><p> <b>Threat of soaring debts</b></p><p><blockquote><b>债务飙升的威胁</b></blockquote></p><p> If the market reaction is this strong when the Fed only starts mentioning that it is talking about a plan to cut back on asset purchases. Moreover, that there might be an eventual interest rate increase more than two years from now. How do they actually get a plan implemented that doesn’t send the US economy into a downturn?</p><p><blockquote>如果当美联储刚刚开始提及它正在讨论削减资产购买的计划时，市场反应如此强烈。此外，两年多后可能会加息。他们实际上是如何实施一项不会让美国经济陷入衰退的计划的？</blockquote></p><p> The US government added more than US$5 trillion in debt since the onset of the Covid-19 Pandemic in March of 2020. Also, the baseline projection from the Congressional Budget Office is that the US federal budget deficit will average US$1.2 trillion per year over the next decade.</p><p><blockquote>自2020年3月新冠肺炎疫情爆发以来，美国政府增加了超过5万亿美元的债务。此外，国会预算办公室的基线预测是，未来十年美国联邦预算赤字平均每年将达到 1.2 万亿美元。</blockquote></p><p></p><p> That’s right this is the baseline projection! It does not include any extra spending that the Biden Administration and Congress may pass (such as the currently debated infrastructure bill). US debt is now more than 100% of GDP. For every 1 percent increase in interest rates, more of the US government revenues are sucked up servicing its debt, which leaves less for other programs, which no politicians want!</p><p><blockquote>没错，这是基线预测!它不包括拜登政府和国会可能通过的任何额外支出（如目前正在辩论的基础设施法案）。美国债务现在超过GDP的100%。利率每上升1%，美国政府就有更多的收入被用于偿还债务，这使得其他项目的收入减少，这是没有政客想要的!</blockquote></p><p> And if the US leads the way with interest rate increases this puts more upward pressure on the US dollar. Which is good for US consumers of imported goods, but not good for US exporting companies or their employees.</p><p><blockquote>如果美国率先加息，这将给美元带来更大的上行压力。这对我们进口商品的消费者有好处，但对我们出口公司或他们的员工不利。</blockquote></p><p> Bottom line is that the Fed is going to stay behind the inflation curve and lower for longer is still the motto of the day. Higher inflation, low real-rates, and a lower dollar are all good for gold in the long-run!</p><p><blockquote>底线是，美联储将保持在通胀曲线之后，并且在更长时间内保持较低水平仍然是当今的座右铭。从长远来看，较高的通胀、较低的实际利率和较低的美元都对黄金有利!</blockquote></p><p> We turn back to Chair Powell’s comments in the press conference for the last word:</p><p><blockquote>我们回到鲍威尔主席在新闻发布会上的最后一句话：</blockquote></p><p>   <i>… the last thing to say is, the</i>  <i><b>dots are not a great forecaster of future rate moves.</b></i>  <i>And that's because it's so highly uncertain …</i> </p><p><blockquote><i>最后要说的是，</i><i><b>点并不能很好地预测未来的利率变动。</b></i><i>这是因为它非常不确定……</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed's Inflation Gamble Continues<blockquote>美联储的通胀赌博仍在继续</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's Inflation Gamble Continues<blockquote>美联储的通胀赌博仍在继续</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-24 16:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The fed's inflation gamble continues...</p><p><blockquote>美联储的通胀赌博仍在继续……</blockquote></p><p> Are central banks trapped?</p><p><blockquote>央行被困住了吗？</blockquote></p><p> Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.</p><p><blockquote>上周的美联储声明和随后的新闻发布会被证明是金价下跌 90 美元（4.8%）的开始。</blockquote></p><p> The fed's inflation gamble continues...</p><p><blockquote>美联储的通胀赌博仍在继续……</blockquote></p><p> Are central banks trapped?</p><p><blockquote>央行被困住了吗？</blockquote></p><p> Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.</p><p><blockquote>上周的美联储声明和随后的新闻发布会被证明是金价下跌 90 美元（4.8%）的开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b5f6f4d07713bdee7bee47adab746e65\" tg-width=\"1004\" tg-height=\"576\"><i>Gold Price Daily Chart</i></p><p><blockquote><i>黄金价格日线图</i></blockquote></p><p> Fed on Economic Recovery</p><p><blockquote>美联储谈经济复苏</blockquote></p><p> The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed their median projection for the Fed Funds rate from its current rate of 0.1% to 0.6% by 2023 year-end – an increase of 0.5% or two rate increases more than two years from now.</p><p><blockquote>声明中发布的经济预测摘要（称为点阵图）显示，委员会成员将联邦基金利率的预测中值从目前的 0.1% 改为到 2023 年底的 0.6%——加息 0.5% 或两年多后两次加息。</blockquote></p><p> And these forecasted rate increases will only happen if inflation is well anchored above the 2% target and the Fed feels it has met its maximum employment part of the mandate. In response to a question in the press conference Chair Powell said:</p><p><blockquote>只有当通胀稳定在 2% 的目标之上，并且美联储认为自己已经达到了任务中的最大就业部分时，这些预测的加息才会发生。鲍威尔主席在新闻发布会上回答提问时表示：</blockquote></p><p>   <i>… the main message I would take away from the SEP is that many [FOMC] participants are more comfortable that the economic conditions in the Committee's forward guidance will be met somewhat sooner than previously anticipated [i.e., labor market conditions consistent with maximum employment, inflation at 2 percent and on track to exceed 2 percent]. And that [is] a welcome development. If such outcomes materialize, it means the economy will have made faster progress toward our goals.</i>    <i> …… the other thing I'll say is</i>  <i><b>rate increases are really not at all the focus of the Committee.</b></i>  <i>The focus of the Committee is the current state of the economy. …</i>  <i><b>we're [still] very far from maximum employment,</b></i>  <i>for example. …</i>  <i><b>the near-term discussion that will begin is about the path of asset purchases</b></i>  <i>… we [discussed] that today, and expect to continue in future meetings to think about our progress … Lift-off [a hike in the FF-rate] is well into the future …</i>  The Fed has reason to be optimistic about the economy, as economic data, both anecdotal and official data releases have been stronger than expected.</p><p><blockquote><i>……我从 SEP 中得到的主要信息是，许多 [FOMC] 参与者更放心，委员会前瞻性指导中的经济条件将比之前预期的稍早满足（即劳动力市场条件与最大就业、通胀率为 2% 并有望超过 2%）。这是一个受欢迎的发展。如果这样的结果成为现实，这意味着经济将朝着我们的目标取得更快的进展。</i><i>……我要说的另一件事是</i><i><b>加息根本不是委员会的重点。</b></i><i>委员会的重点是当前的经济状况。 …</i><i><b>我们离最大限度的就业还很远，</b></i><i>举个例子。</i><i><b>即将开始的近期讨论是关于资产购买路径</b></i><i>……我们今天[讨论]了这个问题，并希望在未来的会议上继续思考我们的进展……解除[FF 利率上调]已经进入未来……</i>美联储有理由对经济持乐观态度，因为经济数据，无论是轶事数据还是官方数据发布都强于预期。</blockquote></p><p> The housing market in many parts of the country is red hot, employers are scrambling to find workers, retail sales have been strong, and inflation, even taking out the drop from last year has been somewhat elevated.</p><p><blockquote>该国许多地区的房地产市场火爆，雇主们争先恐后地寻找工人，零售销售一直强劲，通货膨胀，即使剔除了去年的下降，也有所上升。</blockquote></p><p> And remember the Fed is adding US$80 billion in US Treasuries, and US$40 billion in mortgage-backed securities to its balance sheet each month – that’s $120 billion in extra liquidity flowing straight into already drunk markets.</p><p><blockquote>请记住，美联储每月都会在资产负债表上增加 800 亿美元的美国国债和 400 亿美元的抵押贷款支持证券--这意味着 1200 亿美元的额外流动性直接流入已经醉醺醺的市场。</blockquote></p><p> Assets on the Fed’s balance sheet hit over US$8 trillion last week – that is 36% of US GDP.</p><p><blockquote>上周，美联储资产负债表上的资产超过 8 万亿美元，占美国 GDP 的 36%。</blockquote></p><p> So here is the trap – not only did gold prices decline by almost 5% last week, but interest rates shot up and the US dollar gained strength – all on the Fed<i>talking about tapering</i>and a forecast of a possible increase more than two years from now. Back to Powell’s press conference for his comments on tapering:</p><p><blockquote>因此，陷阱就在这里——不仅金价上周下跌了近 5%，而且利率飙升，美元走强——这一切都是由于美联储造成的<i>浅谈渐进式</i>并预测两年后可能会增加。回到鲍威尔的新闻发布会，了解他对缩减规模的评论：</blockquote></p><p>   <i>… [As to when we might consider starting to reduce our asset purchases] you can think of this meeting that we had as</i>  <i><b>the talking about [tapering] meeting</b></i>  <i>…</i>    <i>… We don't think that we're in a situation [where we need to raise rates to control inflation]. We think that</i>  <i><b>the economy is recovering from a deep hole</b></i>  <i>, an unusual hole actually, because it's to do with shutting down the economy. It turns out it's a heck of a lot easier to create demand than it is to bring supply back up to snuff …</i>  <img src=\"https://static.tigerbbs.com/ec4fa685f7c5899a9b342d3532c07720\" tg-width=\"1006\" tg-height=\"574\"><img src=\"https://static.tigerbbs.com/1e18dc5c6c4033c23e38c134098332cb\" tg-width=\"1010\" tg-height=\"578\"></p><p><blockquote><i>……[至于我们何时可能考虑开始减少资产购买]您可以将我们举行的这次会议视为</i><i><b>谈论[缩减]会议</b></i><i>…</i><i>……我们不认为我们处于[需要加息来控制通货膨胀]的境地。我们认为</i><i><b>经济正从深渊中复苏</b></i><i>实际上，这是一个不寻常的漏洞，因为它与关闭经济有关。事实证明，创造需求比让供应恢复到正常水平要容易得多……</i></blockquote></p><p> <i>US Dollar Index (DXY) Chart</i></p><p><blockquote><i>美元指数（DXY）图表</i></blockquote></p><p> <b>Threat of soaring debts</b></p><p><blockquote><b>债务飙升的威胁</b></blockquote></p><p> If the market reaction is this strong when the Fed only starts mentioning that it is talking about a plan to cut back on asset purchases. Moreover, that there might be an eventual interest rate increase more than two years from now. How do they actually get a plan implemented that doesn’t send the US economy into a downturn?</p><p><blockquote>如果当美联储刚刚开始提及它正在讨论削减资产购买的计划时，市场反应如此强烈。此外，两年多后可能会加息。他们实际上是如何实施一项不会让美国经济陷入衰退的计划的？</blockquote></p><p> The US government added more than US$5 trillion in debt since the onset of the Covid-19 Pandemic in March of 2020. Also, the baseline projection from the Congressional Budget Office is that the US federal budget deficit will average US$1.2 trillion per year over the next decade.</p><p><blockquote>自2020年3月新冠肺炎疫情爆发以来，美国政府增加了超过5万亿美元的债务。此外，国会预算办公室的基线预测是，未来十年美国联邦预算赤字平均每年将达到 1.2 万亿美元。</blockquote></p><p></p><p> That’s right this is the baseline projection! It does not include any extra spending that the Biden Administration and Congress may pass (such as the currently debated infrastructure bill). US debt is now more than 100% of GDP. For every 1 percent increase in interest rates, more of the US government revenues are sucked up servicing its debt, which leaves less for other programs, which no politicians want!</p><p><blockquote>没错，这是基线预测!它不包括拜登政府和国会可能通过的任何额外支出（如目前正在辩论的基础设施法案）。美国债务现在超过GDP的100%。利率每上升1%，美国政府就有更多的收入被用于偿还债务，这使得其他项目的收入减少，这是没有政客想要的!</blockquote></p><p> And if the US leads the way with interest rate increases this puts more upward pressure on the US dollar. Which is good for US consumers of imported goods, but not good for US exporting companies or their employees.</p><p><blockquote>如果美国率先加息，这将给美元带来更大的上行压力。这对我们进口商品的消费者有好处，但对我们出口公司或他们的员工不利。</blockquote></p><p> Bottom line is that the Fed is going to stay behind the inflation curve and lower for longer is still the motto of the day. Higher inflation, low real-rates, and a lower dollar are all good for gold in the long-run!</p><p><blockquote>底线是，美联储将保持在通胀曲线之后，并且在更长时间内保持较低水平仍然是当今的座右铭。从长远来看，较高的通胀、较低的实际利率和较低的美元都对黄金有利!</blockquote></p><p> We turn back to Chair Powell’s comments in the press conference for the last word:</p><p><blockquote>我们回到鲍威尔主席在新闻发布会上的最后一句话：</blockquote></p><p>   <i>… the last thing to say is, the</i>  <i><b>dots are not a great forecaster of future rate moves.</b></i>  <i>And that's because it's so highly uncertain …</i> </p><p><blockquote><i>最后要说的是，</i><i><b>点并不能很好地预测未来的利率变动。</b></i><i>这是因为它非常不确定……</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/news/2021-06-23/feds-inflation-gamble-continues\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/news/2021-06-23/feds-inflation-gamble-continues","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159732624","content_text":"The fed's inflation gamble continues...\nAre central banks trapped?\nLast week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.\nThe fed's inflation gamble continues...\nAre central banks trapped?\nLast week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.\nGold Price Daily Chart\nFed on Economic Recovery\nThe Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed their median projection for the Fed Funds rate from its current rate of 0.1% to 0.6% by 2023 year-end – an increase of 0.5% or two rate increases more than two years from now.\nAnd these forecasted rate increases will only happen if inflation is well anchored above the 2% target and the Fed feels it has met its maximum employment part of the mandate. In response to a question in the press conference Chair Powell said:\n\n… the main message I would take away from the SEP is that many [FOMC] participants are more comfortable that the economic conditions in the Committee's forward guidance will be met somewhat sooner than previously anticipated [i.e., labor market conditions consistent with maximum employment, inflation at 2 percent and on track to exceed 2 percent]. And that [is] a welcome development. If such outcomes materialize, it means the economy will have made faster progress toward our goals.\n\n\n …… the other thing I'll say is\nrate increases are really not at all the focus of the Committee.\nThe focus of the Committee is the current state of the economy. …\nwe're [still] very far from maximum employment,\nfor example. …\nthe near-term discussion that will begin is about the path of asset purchases\n… we [discussed] that today, and expect to continue in future meetings to think about our progress … Lift-off [a hike in the FF-rate] is well into the future …\n\nThe Fed has reason to be optimistic about the economy, as economic data, both anecdotal and official data releases have been stronger than expected.\nThe housing market in many parts of the country is red hot, employers are scrambling to find workers, retail sales have been strong, and inflation, even taking out the drop from last year has been somewhat elevated.\nAnd remember the Fed is adding US$80 billion in US Treasuries, and US$40 billion in mortgage-backed securities to its balance sheet each month – that’s $120 billion in extra liquidity flowing straight into already drunk markets.\nAssets on the Fed’s balance sheet hit over US$8 trillion last week – that is 36% of US GDP.\nSo here is the trap – not only did gold prices decline by almost 5% last week, but interest rates shot up and the US dollar gained strength – all on the Fedtalking about taperingand a forecast of a possible increase more than two years from now. Back to Powell’s press conference for his comments on tapering:\n\n… [As to when we might consider starting to reduce our asset purchases] you can think of this meeting that we had as\nthe talking about [tapering] meeting\n…\n\n\n… We don't think that we're in a situation [where we need to raise rates to control inflation]. We think that\nthe economy is recovering from a deep hole\n, an unusual hole actually, because it's to do with shutting down the economy. It turns out it's a heck of a lot easier to create demand than it is to bring supply back up to snuff …\n\n\nUS Dollar Index (DXY) Chart\nThreat of soaring debts\nIf the market reaction is this strong when the Fed only starts mentioning that it is talking about a plan to cut back on asset purchases. Moreover, that there might be an eventual interest rate increase more than two years from now. How do they actually get a plan implemented that doesn’t send the US economy into a downturn?\nThe US government added more than US$5 trillion in debt since the onset of the Covid-19 Pandemic in March of 2020. Also, the baseline projection from the Congressional Budget Office is that the US federal budget deficit will average US$1.2 trillion per year over the next decade.\nThat’s right this is the baseline projection! It does not include any extra spending that the Biden Administration and Congress may pass (such as the currently debated infrastructure bill). US debt is now more than 100% of GDP. For every 1 percent increase in interest rates, more of the US government revenues are sucked up servicing its debt, which leaves less for other programs, which no politicians want!\nAnd if the US leads the way with interest rate increases this puts more upward pressure on the US dollar. Which is good for US consumers of imported goods, but not good for US exporting companies or their employees.\nBottom line is that the Fed is going to stay behind the inflation curve and lower for longer is still the motto of the day. Higher inflation, low real-rates, and a lower dollar are all good for gold in the long-run!\nWe turn back to Chair Powell’s comments in the press conference for the last word:\n\n… the last thing to say is, the\ndots are not a great forecaster of future rate moves.\nAnd that's because it's so highly uncertain …","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120751235,"gmtCreate":1624339082527,"gmtModify":1631887479489,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120751235","repostId":"2145757030","repostType":4,"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167193075,"gmtCreate":1624250694597,"gmtModify":1634008866575,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167193075","repostId":"1113916113","repostType":4,"isVote":1,"tweetType":1,"viewCount":890,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162785864,"gmtCreate":1624075853858,"gmtModify":1634010995994,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162785864","repostId":"1156696708","repostType":4,"isVote":1,"tweetType":1,"viewCount":889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166179462,"gmtCreate":1623999102456,"gmtModify":1634024334985,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166179462","repostId":"1149669763","repostType":4,"isVote":1,"tweetType":1,"viewCount":723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166147283,"gmtCreate":1623999006342,"gmtModify":1634024336951,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166147283","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohunote.com/m/news/1175693382?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:07","market":"us","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</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>Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</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\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:07</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 probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">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/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169151856,"gmtCreate":1623823254175,"gmtModify":1634027527421,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/169151856","repostId":"1182315358","repostType":4,"isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187332654,"gmtCreate":1623739814778,"gmtModify":1634029292050,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/187332654","repostId":"2143178756","repostType":4,"isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185299704,"gmtCreate":1623650404608,"gmtModify":1634030630102,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/185299704","repostId":"1105297799","repostType":4,"isVote":1,"tweetType":1,"viewCount":960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":122314213,"gmtCreate":1624597433532,"gmtModify":1631887479467,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/122314213","repostId":"1137689091","repostType":4,"isVote":1,"tweetType":1,"viewCount":832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113528377,"gmtCreate":1622627797399,"gmtModify":1634099803913,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/113528377","repostId":"1182886492","repostType":4,"isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":825304040,"gmtCreate":1634197879030,"gmtModify":1634197879249,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/825304040","repostId":"1155791730","repostType":4,"isVote":1,"tweetType":1,"viewCount":3217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":185299704,"gmtCreate":1623650404608,"gmtModify":1634030630102,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"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14:48","market":"us","language":"en","title":"Elon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186918296","media":"Benzinga","summary":"Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the","content":"<p><div> Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the space agency NASA. What Happened:The mission was launched from NASA’s Kennedy Space Center in ...</p><p><blockquote><div>特斯拉公司首席执行官埃隆-马斯克（ElonMusk）的 SpaceX 公司周三与美国国家航空航天局（NASA）合作启动了 Crew-3 任务。事件经过：该任务于 年从美国国家航空航天局肯尼迪航天中心发射...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Elon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</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\">\nElon Musk's SpaceX Launches 4 Crew-3 Astronauts To Space<blockquote>埃隆·马斯克的 SpaceX 将 4 名 Crew-3 宇航员送入太空</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-11 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the space agency NASA. What Happened:The mission was launched from NASA’s Kennedy Space Center in ...</p><p><blockquote><div>特斯拉公司首席执行官埃隆-马斯克（ElonMusk）的 SpaceX 公司周三与美国国家航空航天局（NASA）合作启动了 Crew-3 任务。事件经过：该任务于 年从美国国家航空航天局肯尼迪航天中心发射...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/21/11/24034587/elon-musks-spacex-launches-4-crew-3-astronauts-to-space","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186918296","content_text":"Tesla Inc CEO ElonMusk’s SpaceX on Wednesday kicked off the Crew-3 mission in collaboration with the space agency NASA.\nWhat Happened:The mission was launched from NASA’s Kennedy Space Center in Florida at 9:03 p.m. ET for the nearly day-long journey to the International Space Station (ISS).\nThe Crew-3 mission is ferrying NASA astronauts Raja Chari, Tom Marshburn, Kayla Barron, and European Space Agency (ESA) astronaut Matthias Maurer to the ISS.\nSpaceX shared a short clip of the crew on orbit and said it expects autonomous docking at 7 p.m. ET on Thursday.\nCrew-3 is SpaceX’s third operational crewed flight for NASA and the fifth human spaceflight mission that SpaceX has launched since May 2020.\nWhy It Matters:The Crew-3 mission was first scheduled to take place on Oct. 31 but was delayed twice. SpaceX and NASA SpaceX then planned to return the Crew-2 astronauts before the Crew-3 is launched.\nSpaceX on Monday returned the four Crew-2 astronauts who spent about six months in space as part of the agency’s second long-duration crewed flight after launching in April atop a Falcon 9 rocket.\nSpaceX and NASA are working on multiple projects including a $2.9 billion lunar landing contract. Earlier this month,Amazon.com Inc founder Jeff Bezos’ Blue Origin lost the lucrative lawsuit against NASA for awarding the contract to SpaceX.\nMusk dreams of colonizing Mars and has in the past said he remains “highly confident” that SpaceX would land humans on Mars by 2026.\nSpaceX and Blue Origin also compete with each other in the recently launched space tourism flights.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":899040098,"gmtCreate":1628145916114,"gmtModify":1631887479395,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/899040098","repostId":"1160204013","repostType":4,"repost":{"id":"1160204013","kind":"news","pubTimestamp":1628145417,"share":"https://www.laohunote.com/m/news/1160204013?lang=zh_CN&edition=full","pubTime":"2021-08-05 14:36","market":"us","language":"en","title":"Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160204013","media":"The Motley Fool","summary":"With the BP PLC share price near 303p, the forward-looking dividend yield is around 5% for 2022. So,","content":"<p>With the&nbsp;<a href=\"https://laohu8.com/S/BP\">BP PLC</a> share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?</p><p><blockquote>与<a href=\"https://laohu8.com/S/BP\">BP PLC</a>股价接近303便士，2022年前瞻性股息收益率约为5%。那么，股息安全吗？</blockquote></p><p> In attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.</p><p><blockquote>在试图回答这个问题时，我首先要指出的是，英国石油公司的股息并不安全。例如，2019年的历史股息收益率约为9.7%，高于明年的预期收益率。原因是董事们削减了股东股息支付。</blockquote></p><p> <h3><b>BP’s shrinking dividends</b></h3> 2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And&nbsp;it’s the wrong way!</p><p><blockquote><h3><b>英国石油公司股息缩水</b></h3>2019 年的股息为每股 41 美分，2020 年为每股 32 美分，金融城分析师预计 2022 年的股息约为 21 美分。旅行的方向很明确。而且方式不对!</blockquote></p><p> In fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.</p><p><blockquote>公平地说，2020年油价暴跌。这反映在英国石油公司运营现金流的崩溃上。值得庆幸的是，今年油价有所回升，英国石油公司的现金流也有所回升。不过，在等待股息回升到以前的水平时，我并没有屏住呼吸。我认为英国石油公司面临的挑战远不止油价波动那么大。</blockquote></p><p> After all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.</p><p><blockquote>毕竟，世界正在努力摆脱使用石油。从长远来看，英国石油公司的传统石油业务似乎将走下坡路。我认为，董事们之前关于股东分红的决定表明，公司未来将面临不确定的时期。至少，这是我对形势的解读。</blockquote></p><p> But, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s&nbsp;second-quarter report&nbsp;was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.</p><p><blockquote>但是，当然，英国石油公司不会只是翻滚等待到期。上周二发布的第二季度报告对公司在拓展太阳能、海上风力发电机、便利店和电动汽车充电站等新业务方面取得的进展持乐观态度。</blockquote></p><p> <h3><b>Good progress with the integrated energy strategy</b></h3> Chief executive Bernard Looney said the company is making<i>“good progress”</i>with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance<i>“while investing for the future in a disciplined way.”</i></p><p><blockquote><h3><b>综合能源战略取得良好进展</b></h3>首席执行官伯纳德·鲁尼表示，公司正在<i>“进展顺利”</i>其战略是成为一家综合能源公司。强劲的油价帮助公司实现了强劲的财务业绩<i>“同时以有纪律的方式为未来投资”。</i></blockquote></p><p> BP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.</p><p><blockquote>英国石油公司实际上将季度股息提高了 4%，并承诺启动 14 亿美元的股票回购计划。鲁尼表示，上半年盈余现金流将为这些举措提供资金。但我认为使用 “盈余 ”一词是有问题的。毕竟，英国石油公司在第二季度末仍背负着约 330 亿美元的净债务，尽管在此期间设法大幅减少了借款。</blockquote></p><p> When it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.</p><p><blockquote>说到现金流，强劲的油价是英国石油公司的朋友。但油价完全有可能再次循环下跌。可能还需要几年时间，替代业务才能使石油收入的影响变得微不足道。</blockquote></p><p> BP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.</p><p><blockquote>在我看来，英国石油公司的未来将包括发展新的绿色能源业务和管理旧石油业务的衰落。英国石油公司的整体业务有可能在未来几年实现净增长。</blockquote></p><p> But, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.</p><p><blockquote>但对我来说，公司的未来看起来并不确定。因此，我不会选择这只股票作为我的股息主导投资之一。</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>Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-05 14:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the&nbsp;<a href=\"https://laohu8.com/S/BP\">BP PLC</a> share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?</p><p><blockquote>与<a href=\"https://laohu8.com/S/BP\">BP PLC</a>股价接近303便士，2022年前瞻性股息收益率约为5%。那么，股息安全吗？</blockquote></p><p> In attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.</p><p><blockquote>在试图回答这个问题时，我首先要指出的是，英国石油公司的股息并不安全。例如，2019年的历史股息收益率约为9.7%，高于明年的预期收益率。原因是董事们削减了股东股息支付。</blockquote></p><p> <h3><b>BP’s shrinking dividends</b></h3> 2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And&nbsp;it’s the wrong way!</p><p><blockquote><h3><b>英国石油公司股息缩水</b></h3>2019 年的股息为每股 41 美分，2020 年为每股 32 美分，金融城分析师预计 2022 年的股息约为 21 美分。旅行的方向很明确。而且方式不对!</blockquote></p><p> In fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.</p><p><blockquote>公平地说，2020年油价暴跌。这反映在英国石油公司运营现金流的崩溃上。值得庆幸的是，今年油价有所回升，英国石油公司的现金流也有所回升。不过，在等待股息回升到以前的水平时，我并没有屏住呼吸。我认为英国石油公司面临的挑战远不止油价波动那么大。</blockquote></p><p> After all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.</p><p><blockquote>毕竟，世界正在努力摆脱使用石油。从长远来看，英国石油公司的传统石油业务似乎将走下坡路。我认为，董事们之前关于股东分红的决定表明，公司未来将面临不确定的时期。至少，这是我对形势的解读。</blockquote></p><p> But, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s&nbsp;second-quarter report&nbsp;was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.</p><p><blockquote>但是，当然，英国石油公司不会只是翻滚等待到期。上周二发布的第二季度报告对公司在拓展太阳能、海上风力发电机、便利店和电动汽车充电站等新业务方面取得的进展持乐观态度。</blockquote></p><p> <h3><b>Good progress with the integrated energy strategy</b></h3> Chief executive Bernard Looney said the company is making<i>“good progress”</i>with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance<i>“while investing for the future in a disciplined way.”</i></p><p><blockquote><h3><b>综合能源战略取得良好进展</b></h3>首席执行官伯纳德·鲁尼表示，公司正在<i>“进展顺利”</i>其战略是成为一家综合能源公司。强劲的油价帮助公司实现了强劲的财务业绩<i>“同时以有纪律的方式为未来投资”。</i></blockquote></p><p> BP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.</p><p><blockquote>英国石油公司实际上将季度股息提高了 4%，并承诺启动 14 亿美元的股票回购计划。鲁尼表示，上半年盈余现金流将为这些举措提供资金。但我认为使用 “盈余 ”一词是有问题的。毕竟，英国石油公司在第二季度末仍背负着约 330 亿美元的净债务，尽管在此期间设法大幅减少了借款。</blockquote></p><p> When it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.</p><p><blockquote>说到现金流，强劲的油价是英国石油公司的朋友。但油价完全有可能再次循环下跌。可能还需要几年时间，替代业务才能使石油收入的影响变得微不足道。</blockquote></p><p> BP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.</p><p><blockquote>在我看来，英国石油公司的未来将包括发展新的绿色能源业务和管理旧石油业务的衰落。英国石油公司的整体业务有可能在未来几年实现净增长。</blockquote></p><p> But, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.</p><p><blockquote>但对我来说，公司的未来看起来并不确定。因此，我不会选择这只股票作为我的股息主导投资之一。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.co.uk/investing/2021/08/05/is-bps-shareholder-dividend-safe/\">The 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":{"BP..UK":"BP PLC","BP":"英国石油"},"source_url":"https://www.fool.co.uk/investing/2021/08/05/is-bps-shareholder-dividend-safe/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160204013","content_text":"With the BP PLC share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?\nIn attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.\nBP’s shrinking dividends\n2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And it’s the wrong way!\nIn fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.\nAfter all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.\nBut, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s second-quarter report was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.\nGood progress with the integrated energy strategy\nChief executive Bernard Looney said the company is making“good progress”with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance“while investing for the future in a disciplined way.”\nBP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.\nWhen it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.\nBP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.\nBut, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.","news_type":1,"symbols_score_info":{"BP..UK":0.9,"BP":0.9}},"isVote":1,"tweetType":1,"viewCount":2351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110539372,"gmtCreate":1622467417296,"gmtModify":1634101280983,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/110539372","repostId":"2139859504","repostType":4,"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109798262,"gmtCreate":1619719325756,"gmtModify":1634210466357,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109798262","repostId":"1148135171","repostType":4,"repost":{"id":"1148135171","kind":"news","pubTimestamp":1619709572,"share":"https://www.laohunote.com/m/news/1148135171?lang=zh_CN&edition=full","pubTime":"2021-04-29 23:19","market":"us","language":"en","title":"Powell: Financial system not threatened by 'frothy' asset valuations<blockquote>鲍威尔：金融体系不会受到“泡沫”资产估值的威胁</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148135171","media":"Yahoo","summary":"Theretail-driven run-upinGamestopand thememeificationofcryptocurrency Dogecoinare not of concern to ","content":"<p>Theretail-driven run-upinGamestopand thememeificationofcryptocurrency Dogecoinare not of concern to the nation’s central bank, its chief said Wednesday.</p><p><blockquote>美国央行行长周三表示，美国央行并不关心零售驱动的游戏和加密货币狗狗币的主题化。</blockquote></p><p> Federal Reserve Chairman Jerome Powell told reporters some asset valuations appear “frothy,” but did not see any risks that may hurt the financial system.</p><p><blockquote>美联储主席杰罗姆-鲍威尔（Jerome Powell）告诉记者，一些资产估值似乎 “泡沫化”，但没有看到任何可能损害金融体系的风险。</blockquote></p><p> “The overall financial stability picture is mixed, but on balance it’s manageable,” Powell said Wednesday in response to a question from Yahoo Finance.</p><p><blockquote>“鲍威尔周三在回答雅虎财经提问时说：”总体金融稳定情况好坏参半，但总体而言是可控的。</blockquote></p><p> Powell added that the broad run-up in market prices may be linked in part to the central bank’s easy money policies, but said optimism over getting to a post-pandemic world is the main driver.</p><p><blockquote>鲍威尔补充说，市场价格的普遍上涨可能部分与央行的宽松货币政策有关，但他表示，对进入大流行后世界的乐观态度是主要驱动因素。</blockquote></p><p> “It has a tremendous amount to do with vaccination and re-opening of the economy — that's really what has been moving markets a lot in the last few months,” Powell said.</p><p><blockquote>“鲍威尔说：”这与疫苗接种和经济重新开放有很大关系--这确实是过去几个月来推动市场发展的因素。</blockquote></p><p> Asked about the meme stock phenomenon in late-January, Powell similarly declined to speak to specific markets but said that asset values were broadly being driven by rising economic optimism.</p><p><blockquote>当被问及一月底的模因股票现象时，鲍威尔同样拒绝就具体市场发表讲话，但表示资产价值普遍受到经济乐观情绪上升的推动。</blockquote></p><p> Year-to-date, the S&amp;P 500 and the Dow Jones Industrial Average have gained more than 10% each, repeatedly breaking through new all-time highs.</p><p><blockquote>今年迄今为止，标普500和道琼斯工业平均指数均上涨超过10%，多次突破历史新高。</blockquote></p><p> <b>Other risks</b></p><p><blockquote><b>其他风险</b></blockquote></p><p> Powell’s remarks make it clear that the central bank feels comfortable running with its aggressively accommodative monetary policy. In addition to near-zero short-term interest rates, the Fed has also been absorbing $120 billion a month in U.S. Treasuries and agency mortgage-backed securities.</p><p><blockquote>鲍威尔的讲话清楚地表明，央行对其积极宽松的货币政策感到满意。除了接近于零的短期利率外，美联储每月还吸收 1200 亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> The policy-setting Federal Open Market Committee on Wednesdaykept both of those policy measures unchanged. Powell told reporters in the afternoon that the Fed remains a “long way” from raising rates.</p><p><blockquote>制定政策的联邦公开市场委员会周三维持这两项政策措施不变。鲍威尔下午对记者说，美联储距离加息还有 “很长的路要走”。</blockquote></p><p> Powell said the central bank is still keeping an eye on some financial stability risks, adding that rising home prices are catching some attention.</p><p><blockquote>鲍威尔表示，央行仍在关注一些金融稳定风险，并补充说，房价上涨引起了一些关注。</blockquote></p><p> The S&amp;P CoreLogic Case-Shiller national home price indexreached a 15-year high in February, according to data released Tuesday.</p><p><blockquote>周二公布的数据显示，S&amp;P CoreLogic Case-Shiller 全国房价指数 2 月份创下 15 年来新高。</blockquote></p><p> Powell said the higher prices are due to constraints on supply, with homebuilders unable to keep up with demand. He added that he does not see financial stability concerns in those prices, despite their history with triggering previous crises in the U.S.</p><p><blockquote>鲍威尔表示，价格上涨是由于供应限制，房屋建筑商无法满足需求。他补充说，尽管这些价格曾引发美国之前的危机，但他并不认为这些价格存在金融稳定问题。</blockquote></p><p> “We really don’t see that here,” Powell said Wednesday. “We don’t see bad loans and unsustainable prices and that kind of thing.”</p><p><blockquote>“鲍威尔周三说：”我们在这里真的看不到这一点。“我们看不到不良贷款、不可持续的价格之类的事情”。</blockquote></p><p></p>","source":"lsy1584348713084","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>Powell: Financial system not threatened by 'frothy' asset valuations<blockquote>鲍威尔：金融体系不会受到“泡沫”资产估值的威胁</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\">\nPowell: Financial system not threatened by 'frothy' asset valuations<blockquote>鲍威尔：金融体系不会受到“泡沫”资产估值的威胁</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo</strong><span class=\"h-time small\">2021-04-29 23:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Theretail-driven run-upinGamestopand thememeificationofcryptocurrency Dogecoinare not of concern to the nation’s central bank, its chief said Wednesday.</p><p><blockquote>美国央行行长周三表示，美国央行并不关心零售驱动的游戏和加密货币狗狗币的主题化。</blockquote></p><p> Federal Reserve Chairman Jerome Powell told reporters some asset valuations appear “frothy,” but did not see any risks that may hurt the financial system.</p><p><blockquote>美联储主席杰罗姆-鲍威尔（Jerome Powell）告诉记者，一些资产估值似乎 “泡沫化”，但没有看到任何可能损害金融体系的风险。</blockquote></p><p> “The overall financial stability picture is mixed, but on balance it’s manageable,” Powell said Wednesday in response to a question from Yahoo Finance.</p><p><blockquote>“鲍威尔周三在回答雅虎财经提问时说：”总体金融稳定情况好坏参半，但总体而言是可控的。</blockquote></p><p> Powell added that the broad run-up in market prices may be linked in part to the central bank’s easy money policies, but said optimism over getting to a post-pandemic world is the main driver.</p><p><blockquote>鲍威尔补充说，市场价格的普遍上涨可能部分与央行的宽松货币政策有关，但他表示，对进入大流行后世界的乐观态度是主要驱动因素。</blockquote></p><p> “It has a tremendous amount to do with vaccination and re-opening of the economy — that's really what has been moving markets a lot in the last few months,” Powell said.</p><p><blockquote>“鲍威尔说：”这与疫苗接种和经济重新开放有很大关系--这确实是过去几个月来推动市场发展的因素。</blockquote></p><p> Asked about the meme stock phenomenon in late-January, Powell similarly declined to speak to specific markets but said that asset values were broadly being driven by rising economic optimism.</p><p><blockquote>当被问及一月底的模因股票现象时，鲍威尔同样拒绝就具体市场发表讲话，但表示资产价值普遍受到经济乐观情绪上升的推动。</blockquote></p><p> Year-to-date, the S&amp;P 500 and the Dow Jones Industrial Average have gained more than 10% each, repeatedly breaking through new all-time highs.</p><p><blockquote>今年迄今为止，标普500和道琼斯工业平均指数均上涨超过10%，多次突破历史新高。</blockquote></p><p> <b>Other risks</b></p><p><blockquote><b>其他风险</b></blockquote></p><p> Powell’s remarks make it clear that the central bank feels comfortable running with its aggressively accommodative monetary policy. In addition to near-zero short-term interest rates, the Fed has also been absorbing $120 billion a month in U.S. Treasuries and agency mortgage-backed securities.</p><p><blockquote>鲍威尔的讲话清楚地表明，央行对其积极宽松的货币政策感到满意。除了接近于零的短期利率外，美联储每月还吸收 1200 亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> The policy-setting Federal Open Market Committee on Wednesdaykept both of those policy measures unchanged. Powell told reporters in the afternoon that the Fed remains a “long way” from raising rates.</p><p><blockquote>制定政策的联邦公开市场委员会周三维持这两项政策措施不变。鲍威尔下午对记者说，美联储距离加息还有 “很长的路要走”。</blockquote></p><p> Powell said the central bank is still keeping an eye on some financial stability risks, adding that rising home prices are catching some attention.</p><p><blockquote>鲍威尔表示，央行仍在关注一些金融稳定风险，并补充说，房价上涨引起了一些关注。</blockquote></p><p> The S&amp;P CoreLogic Case-Shiller national home price indexreached a 15-year high in February, according to data released Tuesday.</p><p><blockquote>周二公布的数据显示，S&amp;P CoreLogic Case-Shiller 全国房价指数 2 月份创下 15 年来新高。</blockquote></p><p> Powell said the higher prices are due to constraints on supply, with homebuilders unable to keep up with demand. He added that he does not see financial stability concerns in those prices, despite their history with triggering previous crises in the U.S.</p><p><blockquote>鲍威尔表示，价格上涨是由于供应限制，房屋建筑商无法满足需求。他补充说，尽管这些价格曾引发美国之前的危机，但他并不认为这些价格存在金融稳定问题。</blockquote></p><p> “We really don’t see that here,” Powell said Wednesday. “We don’t see bad loans and unsustainable prices and that kind of thing.”</p><p><blockquote>“鲍威尔周三说：”我们在这里真的看不到这一点。“我们看不到不良贷款、不可持续的价格之类的事情”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/powell-financial-system-not-threatened-by-frothy-asset-valuations-205533333.html\">Yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/powell-financial-system-not-threatened-by-frothy-asset-valuations-205533333.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148135171","content_text":"Theretail-driven run-upinGamestopand thememeificationofcryptocurrency Dogecoinare not of concern to the nation’s central bank, its chief said Wednesday.\nFederal Reserve Chairman Jerome Powell told reporters some asset valuations appear “frothy,” but did not see any risks that may hurt the financial system.\n“The overall financial stability picture is mixed, but on balance it’s manageable,” Powell said Wednesday in response to a question from Yahoo Finance.\nPowell added that the broad run-up in market prices may be linked in part to the central bank’s easy money policies, but said optimism over getting to a post-pandemic world is the main driver.\n“It has a tremendous amount to do with vaccination and re-opening of the economy — that's really what has been moving markets a lot in the last few months,” Powell said.\nAsked about the meme stock phenomenon in late-January, Powell similarly declined to speak to specific markets but said that asset values were broadly being driven by rising economic optimism.\nYear-to-date, the S&P 500 and the Dow Jones Industrial Average have gained more than 10% each, repeatedly breaking through new all-time highs.\nOther risks\nPowell’s remarks make it clear that the central bank feels comfortable running with its aggressively accommodative monetary policy. In addition to near-zero short-term interest rates, the Fed has also been absorbing $120 billion a month in U.S. Treasuries and agency mortgage-backed securities.\nThe policy-setting Federal Open Market Committee on Wednesdaykept both of those policy measures unchanged. Powell told reporters in the afternoon that the Fed remains a “long way” from raising rates.\nPowell said the central bank is still keeping an eye on some financial stability risks, adding that rising home prices are catching some attention.\nThe S&P CoreLogic Case-Shiller national home price indexreached a 15-year high in February, according to data released Tuesday.\nPowell said the higher prices are due to constraints on supply, with homebuilders unable to keep up with demand. He added that he does not see financial stability concerns in those prices, despite their history with triggering previous crises in the U.S.\n“We really don’t see that here,” Powell said Wednesday. “We don’t see bad loans and unsustainable prices and that kind of thing.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187332654,"gmtCreate":1623739814778,"gmtModify":1634029292050,"author":{"id":"3575280267029660","authorId":"3575280267029660","name":"Cindypoonyw","avatar":"https://static.tigerbbs.com/b45818b9b1b80dfeb87d018927a22632","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575280267029660","authorIdStr":"3575280267029660"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/187332654","repostId":"2143178756","repostType":4,"isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}