AngelFang的个人主页 - 老虎社区

AngelFang

AngelFang

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16粉丝

1主题

0勋章

2021-08-16

Haha

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2021-08-08

Hi

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2021-08-04

Hi

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2021-08-03

Haha

American Express, Goldman Sachs share losses lead Dow's nearly 100-point fall<blockquote>美国运通、高盛股价下跌导致道指下跌近100点</blockquote>

2021-07-29

Haha

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2021-07-21

Finally

Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote>

2021-07-20

Sian

ARK Buys Another 310,000 Grayscale Bitcoin Trust Shares On Dip<blockquote>ARK逢低买入另外310,000股灰度比特币信托股票</blockquote>

2021-07-16

Sad

Bit Brother shares tumbles 44% on pricing $22.5M registered direct offering<blockquote>Bit Brother注册直接发行定价为2250万美元，股价暴跌44%</blockquote>

2021-07-14

Yes

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2021-07-13

Good night 💤

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2021-07-12

Good night

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2021-07-08

Hello

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2021-07-06

Good night

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2021-07-01

Hi

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2021-06-29

Hi

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2021-06-28

Morning ☀️

抱歉，原内容已删除

2021-06-27

Hello

抱歉，原内容已删除

2021-06-26

Yes

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2021-06-24

Good night 💤

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

2021-06-23

Hehe

Oil Climbs Above $73 With Report Pointing to Falling Stockpiles<blockquote>油价攀升至73美元以上，报告显示库存下降</blockquote>

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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Express, Goldman Sachs share losses lead Dow's nearly 100-point fall<blockquote>美国运通、高盛股价下跌导致道指下跌近100点</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\">2021-08-03 21:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug&nbsp;3)&nbsp;<a href=\"https://laohu8.com/S/AXP\">American Express</a>, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> share losses lead Dow's nearly 100-point fall.</p><p><blockquote>（8月3日）<a href=\"https://laohu8.com/S/AXP\">美国运通</a>,<a href=\"https://laohu8.com/S/GS\">高盛</a>股价下跌导致道琼斯指数下跌近100点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/64d05108ec2cbef2545b18f6047863a4\" tg-width=\"962\" tg-height=\"893\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFG":"美国金融集团有限公司","GS":"高盛","AXP":"美国运通","EXPR":"Express, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163742974","content_text":"(Aug 3) American Express, Goldman Sachs share losses lead Dow's nearly 100-point 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height=\"auto\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/21b102daa173644cf1279b33fee9c41a\" tg-width=\"1080\" tg-height=\"1868\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-21 21:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 21)&nbsp;Energy stocks gain in morning trading,&nbsp;Futures of Brent crude oil climbed over 2% to $68.98 a barrel.</p><p><blockquote>（7月21日）能源股早盘上涨，布伦特原油期货攀升逾2%，至每桶68.98美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34e146a311ad98f1b9fce2ecc76f97e9\" tg-width=\"303\" tg-height=\"205\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/21b102daa173644cf1279b33fee9c41a\" tg-width=\"1080\" tg-height=\"1868\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/80c13588f559343a96ce06d72d3cf4d5","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151816705","content_text":"(July 21) Energy stocks gain in morning trading, Futures of Brent crude oil climbed over 2% to $68.98 a barrel.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178155982,"gmtCreate":1626793470946,"gmtModify":1633770960731,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575957444191428","authorIdStr":"3575957444191428"},"themes":[],"htmlText":"Sian","listText":"Sian","text":"Sian","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178155982","repostId":"1131848465","repostType":4,"repost":{"id":"1131848465","kind":"news","pubTimestamp":1626792900,"share":"https://www.laohu8.com/m/news/1131848465?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:55","market":"us","language":"en","title":"ARK Buys Another 310,000 Grayscale Bitcoin Trust Shares On Dip<blockquote>ARK逢低买入另外310,000股灰度比特币信托股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131848465","media":"The Street","summary":"In addition to Grayscale Bitcoin Trust shares, ARK added another 71,877 shares of Coinbase across tw","content":"<p>  In addition to Grayscale Bitcoin Trust shares, ARK added another 71,877 shares of Coinbase across two ETFs.  According to asubscriptionto the firm's trade activity, Cathie Wood's ARK Invest purchased an additional 310,067 shares of the Grayscale Bitcoin Trust (GBTC) yesterday. The shares were worth approximately $7.8 million at the time of purchase.</p><p><blockquote>除了灰度比特币信托股票外，ARK还在两只ETF中另外增加了71,877股Coinbase股票。根据该公司交易活动的订阅，Cathie Wood的ARK Invest昨天额外购买了310,067股灰度比特币信托(GBTC)股票。购买时，这些股票价值约780万美元。</blockquote></p><p> ARK used its ARKW ETF to purchase the shares, adding 310,067 shares to its existing 8,845,921 holdings, bringing the weighting of GBTC in the ETF to just over 4.1%.</p><p><blockquote>ARK使用其ARKW ETF购买了这些股票，在其现有8,845,921股的基础上增加了310,067股，使GBTC在ETF中的权重略高于4.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/482fcf3d71c1895d7d08452179bcd8af\" tg-width=\"700\" tg-height=\"803\" width=\"100%\" height=\"auto\">ARK also added another&nbsp;71,877 Coinbase (COIN) shares across its ARKF and ARKW ETFs, showing a continued and ever-growing position in crypto-related assets. In the last few weeks, the company has beencontinuouslybuying more andmoreCoinbase shares as prices have fallen.</p><p><blockquote>ARK还在其ARKF和ARKW ETF中另外增加了71,877股Coinbase(COIN)股票，显示其在加密货币相关资产中的头寸持续且不断增长。过去几周，随着价格下跌，该公司不断购买越来越多的Coinbase股票。</blockquote></p><p> On Friday it wasrevealedthat the company had added $53.6 million worth of Square (SQ) shares across a couple of ETFs just after Jack Dorseyannouncedthat Square would make a division dedicated to developing DeFi on Bitcoin.</p><p><blockquote>周五，就在Jack Dorsee宣布Square将成立一个部门专门开发比特币DeFi后，该公司在几只ETF中增持了价值5360万美元的Square(SQ)股票。</blockquote></p><p> ARK has shown immense levels of confidence in the cryptocurrency industry's future by growing its positions as prices have dropped. Should prices begin to climb again, these holdings acquired at such low levels would have a tremendous payoff.</p><p><blockquote>随着价格下跌，ARK通过增持头寸，表现出了对加密货币行业未来的极大信心。如果价格再次开始攀升，这些在如此低的水平上收购的股票将会有巨大的回报。</blockquote></p><p> <i>This story is developing.</i></p><p><blockquote><i>这个故事正在发展。</i></blockquote></p><p></p>","source":"lsy1610613172068","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>ARK Buys Another 310,000 Grayscale Bitcoin Trust Shares On Dip<blockquote>ARK逢低买入另外310,000股灰度比特币信托股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Buys Another 310,000 Grayscale Bitcoin Trust Shares On Dip<blockquote>ARK逢低买入另外310,000股灰度比特币信托股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-20 22:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  In addition to Grayscale Bitcoin Trust shares, ARK added another 71,877 shares of Coinbase across two ETFs.  According to asubscriptionto the firm's trade activity, Cathie Wood's ARK Invest purchased an additional 310,067 shares of the Grayscale Bitcoin Trust (GBTC) yesterday. The shares were worth approximately $7.8 million at the time of purchase.</p><p><blockquote>除了灰度比特币信托股票外，ARK还在两只ETF中另外增加了71,877股Coinbase股票。根据该公司交易活动的订阅，Cathie Wood的ARK Invest昨天额外购买了310,067股灰度比特币信托(GBTC)股票。购买时，这些股票价值约780万美元。</blockquote></p><p> ARK used its ARKW ETF to purchase the shares, adding 310,067 shares to its existing 8,845,921 holdings, bringing the weighting of GBTC in the ETF to just over 4.1%.</p><p><blockquote>ARK使用其ARKW ETF购买了这些股票，在其现有8,845,921股的基础上增加了310,067股，使GBTC在ETF中的权重略高于4.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/482fcf3d71c1895d7d08452179bcd8af\" tg-width=\"700\" tg-height=\"803\" width=\"100%\" height=\"auto\">ARK also added another&nbsp;71,877 Coinbase (COIN) shares across its ARKF and ARKW ETFs, showing a continued and ever-growing position in crypto-related assets. In the last few weeks, the company has beencontinuouslybuying more andmoreCoinbase shares as prices have fallen.</p><p><blockquote>ARK还在其ARKF和ARKW ETF中另外增加了71,877股Coinbase(COIN)股票，显示其在加密货币相关资产中的头寸持续且不断增长。过去几周，随着价格下跌，该公司不断购买越来越多的Coinbase股票。</blockquote></p><p> On Friday it wasrevealedthat the company had added $53.6 million worth of Square (SQ) shares across a couple of ETFs just after Jack Dorseyannouncedthat Square would make a division dedicated to developing DeFi on Bitcoin.</p><p><blockquote>周五，就在Jack Dorsee宣布Square将成立一个部门专门开发比特币DeFi后，该公司在几只ETF中增持了价值5360万美元的Square(SQ)股票。</blockquote></p><p> ARK has shown immense levels of confidence in the cryptocurrency industry's future by growing its positions as prices have dropped. Should prices begin to climb again, these holdings acquired at such low levels would have a tremendous payoff.</p><p><blockquote>随着价格下跌，ARK通过增持头寸，表现出了对加密货币行业未来的极大信心。如果价格再次开始攀升，这些在如此低的水平上收购的股票将会有巨大的回报。</blockquote></p><p> <i>This story is developing.</i></p><p><blockquote><i>这个故事正在发展。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/crypto/bitcoin/ark-buys-huge-amount-of-grayscale-bitcoin-trust-shares-during-dip\">The Street</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":{"ARKK":"ARK Innovation ETF","GBTC":"比特币ETF-Grayscale","ARKW":"ARK Next Generation Internet ETF","ARKF":"ARK Fintech Innovation ETF","ARKX":"ARK Space Exploration & Innovation ETF","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://www.thestreet.com/crypto/bitcoin/ark-buys-huge-amount-of-grayscale-bitcoin-trust-shares-during-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131848465","content_text":"In addition to Grayscale Bitcoin Trust shares, ARK added another 71,877 shares of Coinbase across two ETFs.\n\nAccording to asubscriptionto the firm's trade activity, Cathie Wood's ARK Invest purchased an additional 310,067 shares of the Grayscale Bitcoin Trust (GBTC) yesterday. The shares were worth approximately $7.8 million at the time of purchase.\nARK used its ARKW ETF to purchase the shares, adding 310,067 shares to its existing 8,845,921 holdings, bringing the weighting of GBTC in the ETF to just over 4.1%.\nARK also added another 71,877 Coinbase (COIN) shares across its ARKF and ARKW ETFs, showing a continued and ever-growing position in crypto-related assets. In the last few weeks, the company has beencontinuouslybuying more andmoreCoinbase shares as prices have fallen.\nOn Friday it wasrevealedthat the company had added $53.6 million worth of Square (SQ) shares across a couple of ETFs just after Jack Dorseyannouncedthat Square would make a division dedicated to developing DeFi on Bitcoin.\nARK has shown immense levels of confidence in the cryptocurrency industry's future by growing its positions as prices have dropped. Should prices begin to climb again, these holdings acquired at such low levels would have a tremendous payoff.\nThis story is developing.","news_type":1,"symbols_score_info":{"ARKX":0.9,"ARKW":0.9,"GBTC":0.9,"ARKG":0.9,"ARKF":0.9,"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":1752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170415453,"gmtCreate":1626445600472,"gmtModify":1633926660844,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575957444191428","authorIdStr":"3575957444191428"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170415453","repostId":"1146338800","repostType":4,"repost":{"id":"1146338800","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":1626444143,"share":"https://www.laohu8.com/m/news/1146338800?lang=zh_CN&edition=full","pubTime":"2021-07-16 22:02","market":"us","language":"en","title":"Bit Brother shares tumbles 44% on pricing $22.5M registered direct offering<blockquote>Bit Brother注册直接发行定价为2250万美元，股价暴跌44%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146338800","media":"Tiger Newspress","summary":"Bit Brother Limited down 44% in earlytrading on selling 15M ordinary shares and warrants to purchase","content":"<p>Bit Brother Limited&nbsp;down&nbsp;44%&nbsp;in&nbsp;earlytrading on&nbsp;selling&nbsp;15M ordinary shares and warrants to purchase 15M ordinary shares&nbsp;in a registered direct&nbsp;offering for gross proceeds of $22.5M.</p><p><blockquote>Bit Brother Limited早盘下跌44%，出售1500万股普通股和认股权证，通过注册直接发行购买1500万股普通股，总收益为2250万美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/88386920b490db76cf64dd8aa93a11d8\" tg-width=\"1296\" tg-height=\"610\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The purchase price for one ordinary share and one corresponding five-years warrant will be $1.50.</p><p><blockquote>一股普通股和一份相应的五年期认股权证的购买价格为1.50美元。</blockquote></p><p> Offering is expected to close on July 20.</p><p><blockquote>发行预计将于7月20日结束。</blockquote></p><p> Earlier this week,the company acquired 51% stake in Angelo's Pizza for $12.5M.</p><p><blockquote>本周早些时候，该公司以1250万美元收购了Angelo's Pizza 51%的股份。</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>Bit Brother shares tumbles 44% on pricing $22.5M registered direct offering<blockquote>Bit Brother注册直接发行定价为2250万美元，股价暴跌44%</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\">\nBit Brother shares tumbles 44% on pricing $22.5M registered direct offering<blockquote>Bit Brother注册直接发行定价为2250万美元，股价暴跌44%</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\">2021-07-16 22:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bit Brother Limited&nbsp;down&nbsp;44%&nbsp;in&nbsp;earlytrading on&nbsp;selling&nbsp;15M ordinary shares and warrants to purchase 15M ordinary shares&nbsp;in a registered direct&nbsp;offering for gross proceeds of $22.5M.</p><p><blockquote>Bit Brother Limited早盘下跌44%，出售1500万股普通股和认股权证，通过注册直接发行购买1500万股普通股，总收益为2250万美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/88386920b490db76cf64dd8aa93a11d8\" tg-width=\"1296\" tg-height=\"610\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The purchase price for one ordinary share and one corresponding five-years warrant will be $1.50.</p><p><blockquote>一股普通股和一份相应的五年期认股权证的购买价格为1.50美元。</blockquote></p><p> Offering is expected to close on July 20.</p><p><blockquote>发行预计将于7月20日结束。</blockquote></p><p> Earlier this week,the company acquired 51% stake in Angelo's Pizza for $12.5M.</p><p><blockquote>本周早些时候，该公司以1250万美元收购了Angelo's Pizza 51%的股份。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146338800","content_text":"Bit Brother Limited down 44% in earlytrading on selling 15M ordinary shares and warrants to purchase 15M ordinary shares in a registered direct offering for gross proceeds of $22.5M.\n\nThe purchase price for one ordinary share and one corresponding five-years warrant will be $1.50.\nOffering is expected to close on July 20.\nEarlier this week,the company acquired 51% stake in Angelo's Pizza for 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☀️","listText":"Morning ☀️","text":"Morning ☀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127137581","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124566540,"gmtCreate":1624773429280,"gmtModify":1633948745072,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575957444191428","authorIdStr":"3575957444191428"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124566540","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125177295,"gmtCreate":1624666417117,"gmtModify":1633949959556,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575957444191428","authorIdStr":"3575957444191428"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125177295","repostId":"1108941456","repostType":4,"isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126167966,"gmtCreate":1624548067755,"gmtModify":1634004507669,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575957444191428","authorIdStr":"3575957444191428"},"themes":[],"htmlText":"Good night 💤","listText":"Good night 💤","text":"Good night 💤","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126167966","repostId":"1187819280","repostType":4,"repost":{"id":"1187819280","kind":"news","pubTimestamp":1624529642,"share":"https://www.laohu8.com/m/news/1187819280?lang=zh_CN&edition=full","pubTime":"2021-06-24 18:14","market":"us","language":"en","title":"The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187819280","media":"MarketWatch","summary":"5 reasons the pandemic megatrend is over.\n\nOne of the biggest investment stories of the COVID-19 pan","content":"<p>  <b>5 reasons the pandemic megatrend is over.</b>  One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.</p><p><blockquote><b>大流行大趋势结束的5个原因。</b>COVID-19大流行最大的投资故事之一是以“郊区避难所”为主题的非必需消费品股票的繁荣。从电商平台到家装店，再到家具和家居用品商家，许多表现最好的企业都符合这种口味。</blockquote></p><p> Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.</p><p><blockquote>以基础广泛的Vanguard非必需消费品指数基金ETF VCR为例，+0.66%，从2020年3月到2021年3月飙升了90%以上。这要归功于家装股Lowe's LOW(-0.30%)和Home Depot HD(-0.33%)以及TJX TJX(-0.08%)等零售商。</blockquote></p><p> Lately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&amp;P 500 SPX, -0.11% has tacked on about 6% in the same period.</p><p><blockquote>然而，最近，其中许多名称的性能开始滞后。事实上，自4月1日以来，我们看到这三只股票都小幅下跌，尽管标普500 SPX指数-0.11%同期上涨了约6%。</blockquote></p><p> And some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.</p><p><blockquote>有些人担心这可能只是开始。正如一位华尔街内部人士最近在接受彭博社采访时所说，包括五金店和家居用品商家在内的居家股票即将“大幅放松”。</blockquote></p><p> While some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.</p><p><blockquote>虽然一些知名的“郊区”交易仍然相对稳定，但麻烦的迹象已经在边缘出现。Century Communities CCS(-0.34%)和Dream Finders Homes DFH(-2.55%)这两家中型单户住宅建筑商的股价在上个月暴跌了两位数。家具方面，家电巨头惠而浦公司WHR(-0.51%)和百货公司Nordstrom JWN(+2.03%)均较春季高点大幅下跌。</blockquote></p><p> <b>Here are five big reasons why:</b></p><p><blockquote><b>以下是五大原因：</b></blockquote></p><p> <b>1.</b>&nbsp;<b>The upgrade cycle is over</b></p><p><blockquote><b>1.</b> <b>升级周期结束</b></blockquote></p><p> Last summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.</p><p><blockquote>去年夏天，被困在家里的白领们记下了逾期的项目，并利用了能够轻松与承包商见面的机会。但在许多方面，这种增长是不可持续的。</blockquote></p><p> Consider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.</p><p><blockquote>根据NPD集团的数据，考虑一下房主的购买类型。水龙头、厨柜甚至马桶都是2020年销售的最受欢迎的产品。不用说，即使是最挥霍的房主也不会遵循每年改造厨房和浴室的升级周期。</blockquote></p><p> The same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.</p><p><blockquote>家具和其他家居用品也是如此。互联网巨头Comscore在2020年5月记录了历史上相关网站的最高访问量，1.33亿网络冲浪者购买了某种家居用品。再说一次，新沙发或台灯不是每年都会购买的——所以这种趋势似乎无法持续很长时间。</blockquote></p><p> <b>2.&nbsp;Valuations are stretched</b></p><p><blockquote><b>2.估值捉襟见肘</b></blockquote></p><p> Speaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.</p><p><blockquote>谈到家居用品供应商的大流行后高峰，我们已经看到财务状况通过利润和销售额的增加证实了这些大幅增长。然而，我们也看到许多相关商家的股价飙升得更多——超出了历史标准的估值。</blockquote></p><p> Take TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.</p><p><blockquote>以TJX为例。目前，这家折扣零售商的远期市盈率超过26，而2020年春季的远期市盈率仅为21。其往绩市销率目前为2.1，而此前为1.4。</blockquote></p><p> What’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&amp;P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.</p><p><blockquote>更重要的是，TJX等之前宠儿的估值也与同行不符。考虑到目前整个标普500指数的远期市盈率为22，而其他类似的公司，如梅西百货M，+0.70%和Big Lot Big，-3.71%，实际上其远期市盈率远低于10。当然，你可以说TJX是独一无二的……但你可能也想知道目前流行的居家交易之外的许多其他股票的“公允价值”是什么样的。</blockquote></p><p> <b>3.&nbsp;Delays and shortages</b></p><p><blockquote><b>3.延误和短缺</b></blockquote></p><p> Future growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.</p><p><blockquote>当然，这些股票在大流行推动下达到峰值的未来增长并非不可能。但考虑到供应链中断，这似乎不太可能。造成这些延误的原因有很多，包括海外运输延误以及影响许多行业的产能和产量紧缩，但“呆在家里”的股票似乎受到的打击尤其严重。</blockquote></p><p> Home improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.</p><p><blockquote>根据全国住宅建筑商协会的数据，家装产品根本无处可寻，大约94%的建筑商报告“至少有一些严重的电器短缺”。另有93%的人缺乏框架木材，87%的人表示很难获得门窗。</blockquote></p><p> Even if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.</p><p><blockquote>即使你可以克服需求问题，如果没有原材料来发挥作用，也很难看到这一类别的未来增长。</blockquote></p><p> <b>4.&nbsp;Inflationary pressures</b></p><p><blockquote><b>4.通货膨胀压力</b></blockquote></p><p> For the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.</p><p><blockquote>对于那些还没有为承包商支付现金或忍受昂贵的新家具长时间延误的人来说，现在对新购物者来说有一个相当大的抑制因素：通货膨胀。</blockquote></p><p></p><p> The cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.</p><p><blockquote>5月份消费者价格指数衡量的生活成本上涨0.6%，年增长率为5%。这不仅高于预期，而且是自2008年夏季以来最快的速度。通胀风险如此明显，以至于美联储公开表示可能会提前预期加息的时间表，以掩盖风险。</blockquote></p><p> Inflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.</p><p><blockquote>当然，通货膨胀并不总是丧钟。但从历史上看，它削弱了购买力，并可能减少我们在去年左右看到的“呆在家里”股票的一些支出。</blockquote></p><p> <b>5.&nbsp;Home-equity hubris</b></p><p><blockquote><b>5.房屋净值傲慢</b></blockquote></p><p> Speaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.</p><p><blockquote>说到炙手可热的通货膨胀：5月份，美国房屋中值价格首次突破35万美元，比2020年上涨23.6%。此外，Realtor.com的一项调查显示，大约三分之一的待售房主希望得到高于要价的价格，大约相同数量的房主希望在上市一周内收到报价。</blockquote></p><p> Some of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.</p><p><blockquote>其中一些是合理的。近年来，有许多文章都是关于有吸引力的市场供应短缺的，重要的是要承认疫情的远程工作确实对人们为什么住在他们居住的地方产生了一些破坏性的反思。</blockquote></p><p> But here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.</p><p><blockquote>但事情变得危险的地方是：房主已经提前在房价上花费了预期的溢价。根据房地美的数据，去年美国房屋的股权贷款约为1527亿美元，比2019年大幅增长41.7%，是自2007年以来最高的再融资套现金额。</blockquote></p><p> Anyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.</p><p><blockquote>有人记得2007年房地产市场发生了什么吗？还是当年类似的卖家权利感？目前还没有明显的泡沫破裂迹象，但美国房主可能对自己房屋的价值过于乐观，而且这种免费的房屋净值贷款可能不会持续太久。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-24 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>5 reasons the pandemic megatrend is over.</b>  One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.</p><p><blockquote><b>大流行大趋势结束的5个原因。</b>COVID-19大流行最大的投资故事之一是以“郊区避难所”为主题的非必需消费品股票的繁荣。从电商平台到家装店，再到家具和家居用品商家，许多表现最好的企业都符合这种口味。</blockquote></p><p> Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.</p><p><blockquote>以基础广泛的Vanguard非必需消费品指数基金ETF VCR为例，+0.66%，从2020年3月到2021年3月飙升了90%以上。这要归功于家装股Lowe's LOW(-0.30%)和Home Depot HD(-0.33%)以及TJX TJX(-0.08%)等零售商。</blockquote></p><p> Lately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&amp;P 500 SPX, -0.11% has tacked on about 6% in the same period.</p><p><blockquote>然而，最近，其中许多名称的性能开始滞后。事实上，自4月1日以来，我们看到这三只股票都小幅下跌，尽管标普500 SPX指数-0.11%同期上涨了约6%。</blockquote></p><p> And some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.</p><p><blockquote>有些人担心这可能只是开始。正如一位华尔街内部人士最近在接受彭博社采访时所说，包括五金店和家居用品商家在内的居家股票即将“大幅放松”。</blockquote></p><p> While some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.</p><p><blockquote>虽然一些知名的“郊区”交易仍然相对稳定，但麻烦的迹象已经在边缘出现。Century Communities CCS(-0.34%)和Dream Finders Homes DFH(-2.55%)这两家中型单户住宅建筑商的股价在上个月暴跌了两位数。家具方面，家电巨头惠而浦公司WHR(-0.51%)和百货公司Nordstrom JWN(+2.03%)均较春季高点大幅下跌。</blockquote></p><p> <b>Here are five big reasons why:</b></p><p><blockquote><b>以下是五大原因：</b></blockquote></p><p> <b>1.</b>&nbsp;<b>The upgrade cycle is over</b></p><p><blockquote><b>1.</b> <b>升级周期结束</b></blockquote></p><p> Last summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.</p><p><blockquote>去年夏天，被困在家里的白领们记下了逾期的项目，并利用了能够轻松与承包商见面的机会。但在许多方面，这种增长是不可持续的。</blockquote></p><p> Consider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.</p><p><blockquote>根据NPD集团的数据，考虑一下房主的购买类型。水龙头、厨柜甚至马桶都是2020年销售的最受欢迎的产品。不用说，即使是最挥霍的房主也不会遵循每年改造厨房和浴室的升级周期。</blockquote></p><p> The same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.</p><p><blockquote>家具和其他家居用品也是如此。互联网巨头Comscore在2020年5月记录了历史上相关网站的最高访问量，1.33亿网络冲浪者购买了某种家居用品。再说一次，新沙发或台灯不是每年都会购买的——所以这种趋势似乎无法持续很长时间。</blockquote></p><p> <b>2.&nbsp;Valuations are stretched</b></p><p><blockquote><b>2.估值捉襟见肘</b></blockquote></p><p> Speaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.</p><p><blockquote>谈到家居用品供应商的大流行后高峰，我们已经看到财务状况通过利润和销售额的增加证实了这些大幅增长。然而，我们也看到许多相关商家的股价飙升得更多——超出了历史标准的估值。</blockquote></p><p> Take TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.</p><p><blockquote>以TJX为例。目前，这家折扣零售商的远期市盈率超过26，而2020年春季的远期市盈率仅为21。其往绩市销率目前为2.1，而此前为1.4。</blockquote></p><p> What’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&amp;P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.</p><p><blockquote>更重要的是，TJX等之前宠儿的估值也与同行不符。考虑到目前整个标普500指数的远期市盈率为22，而其他类似的公司，如梅西百货M，+0.70%和Big Lot Big，-3.71%，实际上其远期市盈率远低于10。当然，你可以说TJX是独一无二的……但你可能也想知道目前流行的居家交易之外的许多其他股票的“公允价值”是什么样的。</blockquote></p><p> <b>3.&nbsp;Delays and shortages</b></p><p><blockquote><b>3.延误和短缺</b></blockquote></p><p> Future growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.</p><p><blockquote>当然，这些股票在大流行推动下达到峰值的未来增长并非不可能。但考虑到供应链中断，这似乎不太可能。造成这些延误的原因有很多，包括海外运输延误以及影响许多行业的产能和产量紧缩，但“呆在家里”的股票似乎受到的打击尤其严重。</blockquote></p><p> Home improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.</p><p><blockquote>根据全国住宅建筑商协会的数据，家装产品根本无处可寻，大约94%的建筑商报告“至少有一些严重的电器短缺”。另有93%的人缺乏框架木材，87%的人表示很难获得门窗。</blockquote></p><p> Even if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.</p><p><blockquote>即使你可以克服需求问题，如果没有原材料来发挥作用，也很难看到这一类别的未来增长。</blockquote></p><p> <b>4.&nbsp;Inflationary pressures</b></p><p><blockquote><b>4.通货膨胀压力</b></blockquote></p><p> For the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.</p><p><blockquote>对于那些还没有为承包商支付现金或忍受昂贵的新家具长时间延误的人来说，现在对新购物者来说有一个相当大的抑制因素：通货膨胀。</blockquote></p><p></p><p> The cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.</p><p><blockquote>5月份消费者价格指数衡量的生活成本上涨0.6%，年增长率为5%。这不仅高于预期，而且是自2008年夏季以来最快的速度。通胀风险如此明显，以至于美联储公开表示可能会提前预期加息的时间表，以掩盖风险。</blockquote></p><p> Inflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.</p><p><blockquote>当然，通货膨胀并不总是丧钟。但从历史上看，它削弱了购买力，并可能减少我们在去年左右看到的“呆在家里”股票的一些支出。</blockquote></p><p> <b>5.&nbsp;Home-equity hubris</b></p><p><blockquote><b>5.房屋净值傲慢</b></blockquote></p><p> Speaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.</p><p><blockquote>说到炙手可热的通货膨胀：5月份，美国房屋中值价格首次突破35万美元，比2020年上涨23.6%。此外，Realtor.com的一项调查显示，大约三分之一的待售房主希望得到高于要价的价格，大约相同数量的房主希望在上市一周内收到报价。</blockquote></p><p> Some of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.</p><p><blockquote>其中一些是合理的。近年来，有许多文章都是关于有吸引力的市场供应短缺的，重要的是要承认疫情的远程工作确实对人们为什么住在他们居住的地方产生了一些破坏性的反思。</blockquote></p><p> But here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.</p><p><blockquote>但事情变得危险的地方是：房主已经提前在房价上花费了预期的溢价。根据房地美的数据，去年美国房屋的股权贷款约为1527亿美元，比2019年大幅增长41.7%，是自2007年以来最高的再融资套现金额。</blockquote></p><p> Anyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.</p><p><blockquote>有人记得2007年房地产市场发生了什么吗？还是当年类似的卖家权利感？目前还没有明显的泡沫破裂迹象，但美国房主可能对自己房屋的价值过于乐观，而且这种免费的房屋净值贷款可能不会持续太久。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-shelter-in-suburbia-trade-is-about-to-reverse-and-these-stocks-will-suffer-11624457411?siteid=yhoof2\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-shelter-in-suburbia-trade-is-about-to-reverse-and-these-stocks-will-suffer-11624457411?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187819280","content_text":"5 reasons the pandemic megatrend is over.\n\nOne of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.\nTake the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.\nLately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&P 500 SPX, -0.11% has tacked on about 6% in the same period.\nAnd some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.\nWhile some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.\nHere are five big reasons why:\n1. The upgrade cycle is over\nLast summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.\nConsider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.\nThe same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.\n2. Valuations are stretched\nSpeaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.\nTake TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.\nWhat’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.\n3. Delays and shortages\nFuture growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.\nHome improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.\nEven if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.\n4. Inflationary pressures\nFor the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.\nThe cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.\nInflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.\n5. Home-equity hubris\nSpeaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.\nSome of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.\nBut here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.\nAnyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123593811,"gmtCreate":1624428035333,"gmtModify":1634006242293,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575957444191428","authorIdStr":"3575957444191428"},"themes":[],"htmlText":"Hehe","listText":"Hehe","text":"Hehe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123593811","repostId":"1133595434","repostType":4,"repost":{"id":"1133595434","kind":"news","pubTimestamp":1624427454,"share":"https://www.laohu8.com/m/news/1133595434?lang=zh_CN&edition=full","pubTime":"2021-06-23 13:50","market":"us","language":"en","title":"Oil Climbs Above $73 With Report Pointing to Falling Stockpiles<blockquote>油价攀升至73美元以上，报告显示库存下降</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133595434","media":"Bloomberg","summary":"(Bloomberg) -- Oil rose above $73 a barrel after an industry report pointed to another decline in U.","content":"<p>(Bloomberg) -- Oil rose above $73 a barrel after an industry report pointed to another decline in U.S. crude stockpiles, adding to a bullish outlook.</p><p><blockquote>（彭博社）--在一份行业报告指出美国原油库存再次下降后，油价升至每桶73美元以上，增加了看涨的前景。</blockquote></p><p> Futures in New York climbed 0.6% after edging lower on Tuesday. The American Petroleum Institute reported crude inventories slid by 7.2 million barrels last week, according to people familiar with the data. If confirmed by government figures due later Wednesday, that would be a fifth straight weekly draw, the longest run of declines since January.</p><p><blockquote>纽约期货在周二小幅走低后上涨0.6%。据知情人士透露，美国石油协会报告上周原油库存减少720万桶。如果周三晚些时候公布的政府数据得到证实，这将是连续第五周下跌，这是自一月份以来最长的下跌。</blockquote></p><p> Key consumers including the U.S. and China have seen a strong rebound from Covid-19, boosting fuel demand and helping to drain bloated inventories built up during the pandemic. OPEC+ is scheduled to meet next week to discuss its production policy and some nations, most notably Russia, are considering a potential output increase. A possible gain in crude flows from Iran is set to be delayed, with Tehran signaling nuclear talks may extend beyond August.</p><p><blockquote>包括美国和中国在内的主要消费者从Covid-19中强劲反弹，提振了燃料需求，并有助于耗尽大流行期间积累的臃肿库存。欧佩克+定于下周召开会议讨论其生产政策，一些国家，尤其是俄罗斯，正在考虑潜在的增产。伊朗原油流量的可能增加将被推迟，德黑兰暗示核谈判可能会延长到8月以后。</blockquote></p><p> The recovery in gasoline demand across Asia remains patchy, meanwhile, offering a complex picture as improvements in nations such as India and Thailand are partially offset by deteriorations elsewhere.</p><p><blockquote>与此同时，亚洲各地汽油需求的复苏仍然参差不齐，呈现出一幅复杂的画面，因为印度和泰国等国的改善被其他地区的恶化部分抵消。</blockquote></p><p> “Prices are comfortably placed where they’re now with the supply tightness and healthy demand recovery, joined by a delayed Iranian nuke deal,” said Will Sungchil Yun, senior commodities analyst at VI Investment Corp in Seoul. “All eyes are now on the OPEC+ meeting next week.”</p><p><blockquote>首尔VI Investment Corp高级大宗商品分析师Will Sungchil Yun表示：“由于供应紧张和需求健康复苏，加上伊朗核协议推迟，价格处于目前水平。”“现在所有的目光都集中在下周的OPEC+会议上。”</blockquote></p><p> The prompt timespread for Brent was 76 cents a barrel in backwardation -- where near-dated contracted are more expensive than later-dated ones. The bullish structure eased from 85 cents on Monday.</p><p><blockquote>布伦特原油的即期价差为每桶76美分，即近期合约比近期合约更贵。看涨结构较周一的85美分有所缓解。</blockquote></p><p> Stockpiles at the key U.S. storage hub of Cushing fell last week, while fuel inventories including gasoline rose, the API said. The Energy Information Administration is forecast to report on Wednesday that nationwide crude stockpiles slid by 3.5 million barrels, according to a Bloomberg survey.</p><p><blockquote>API表示，上周美国主要储存中心库欣的库存下降，而包括汽油在内的燃料库存上升。根据彭博社的一项调查，美国能源信息署预计将于周三报告称，全国原油库存减少350万桶。</blockquote></p><p></p>","source":"lsy1612507957220","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>Oil Climbs Above $73 With Report Pointing to Falling Stockpiles<blockquote>油价攀升至73美元以上，报告显示库存下降</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\">\nOil Climbs Above $73 With Report Pointing to Falling Stockpiles<blockquote>油价攀升至73美元以上，报告显示库存下降</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-23 13:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Oil rose above $73 a barrel after an industry report pointed to another decline in U.S. crude stockpiles, adding to a bullish outlook.</p><p><blockquote>（彭博社）--在一份行业报告指出美国原油库存再次下降后，油价升至每桶73美元以上，增加了看涨的前景。</blockquote></p><p> Futures in New York climbed 0.6% after edging lower on Tuesday. The American Petroleum Institute reported crude inventories slid by 7.2 million barrels last week, according to people familiar with the data. If confirmed by government figures due later Wednesday, that would be a fifth straight weekly draw, the longest run of declines since January.</p><p><blockquote>纽约期货在周二小幅走低后上涨0.6%。据知情人士透露，美国石油协会报告上周原油库存减少720万桶。如果周三晚些时候公布的政府数据得到证实，这将是连续第五周下跌，这是自一月份以来最长的下跌。</blockquote></p><p> Key consumers including the U.S. and China have seen a strong rebound from Covid-19, boosting fuel demand and helping to drain bloated inventories built up during the pandemic. OPEC+ is scheduled to meet next week to discuss its production policy and some nations, most notably Russia, are considering a potential output increase. A possible gain in crude flows from Iran is set to be delayed, with Tehran signaling nuclear talks may extend beyond August.</p><p><blockquote>包括美国和中国在内的主要消费者从Covid-19中强劲反弹，提振了燃料需求，并有助于耗尽大流行期间积累的臃肿库存。欧佩克+定于下周召开会议讨论其生产政策，一些国家，尤其是俄罗斯，正在考虑潜在的增产。伊朗原油流量的可能增加将被推迟，德黑兰暗示核谈判可能会延长到8月以后。</blockquote></p><p> The recovery in gasoline demand across Asia remains patchy, meanwhile, offering a complex picture as improvements in nations such as India and Thailand are partially offset by deteriorations elsewhere.</p><p><blockquote>与此同时，亚洲各地汽油需求的复苏仍然参差不齐，呈现出一幅复杂的画面，因为印度和泰国等国的改善被其他地区的恶化部分抵消。</blockquote></p><p> “Prices are comfortably placed where they’re now with the supply tightness and healthy demand recovery, joined by a delayed Iranian nuke deal,” said Will Sungchil Yun, senior commodities analyst at VI Investment Corp in Seoul. “All eyes are now on the OPEC+ meeting next week.”</p><p><blockquote>首尔VI Investment Corp高级大宗商品分析师Will Sungchil Yun表示：“由于供应紧张和需求健康复苏，加上伊朗核协议推迟，价格处于目前水平。”“现在所有的目光都集中在下周的OPEC+会议上。”</blockquote></p><p> The prompt timespread for Brent was 76 cents a barrel in backwardation -- where near-dated contracted are more expensive than later-dated ones. The bullish structure eased from 85 cents on Monday.</p><p><blockquote>布伦特原油的即期价差为每桶76美分，即近期合约比近期合约更贵。看涨结构较周一的85美分有所缓解。</blockquote></p><p> Stockpiles at the key U.S. storage hub of Cushing fell last week, while fuel inventories including gasoline rose, the API said. The Energy Information Administration is forecast to report on Wednesday that nationwide crude stockpiles slid by 3.5 million barrels, according to a Bloomberg survey.</p><p><blockquote>API表示，上周美国主要储存中心库欣的库存下降，而包括汽油在内的燃料库存上升。根据彭博社的一项调查，美国能源信息署预计将于周三报告称，全国原油库存减少350万桶。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/oil-steadies-near-73-report-233710595.html\">Bloomberg</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/oil-steadies-near-73-report-233710595.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133595434","content_text":"(Bloomberg) -- Oil rose above $73 a barrel after an industry report pointed to another decline in U.S. crude stockpiles, adding to a bullish outlook.\nFutures in New York climbed 0.6% after edging lower on Tuesday. The American Petroleum Institute reported crude inventories slid by 7.2 million barrels last week, according to people familiar with the data. If confirmed by government figures due later Wednesday, that would be a fifth straight weekly draw, the longest run of declines since January.\nKey consumers including the U.S. and China have seen a strong rebound from Covid-19, boosting fuel demand and helping to drain bloated inventories built up during the pandemic. OPEC+ is scheduled to meet next week to discuss its production policy and some nations, most notably Russia, are considering a potential output increase. A possible gain in crude flows from Iran is set to be delayed, with Tehran signaling nuclear talks may extend beyond August.\nThe recovery in gasoline demand across Asia remains patchy, meanwhile, offering a complex picture as improvements in nations such as India and Thailand are partially offset by deteriorations elsewhere.\n“Prices are comfortably placed where they’re now with the supply tightness and healthy demand recovery, joined by a delayed Iranian nuke deal,” said Will Sungchil Yun, senior commodities analyst at VI Investment Corp in Seoul. “All eyes are now on the OPEC+ meeting next week.”\nThe prompt timespread for Brent was 76 cents a barrel in backwardation -- where near-dated contracted are more expensive than later-dated ones. The bullish structure eased from 85 cents on Monday.\nStockpiles at the key U.S. storage hub of Cushing fell last week, while fuel inventories including gasoline rose, the API said. The Energy Information Administration is forecast to report on Wednesday that nationwide crude stockpiles slid by 3.5 million barrels, according to a Bloomberg survey.","news_type":1,"symbols_score_info":{"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":340578948,"gmtCreate":1617440748284,"gmtModify":1634520935638,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Like and comment please 🙂","listText":"Like and comment please 🙂","text":"Like and comment please 🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/340578948","repostId":"2124875875","repostType":4,"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320207838,"gmtCreate":1615106627924,"gmtModify":1703484772360,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Please comment thank you","listText":"Please comment thank you","text":"Please comment thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/320207838","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohu8.com/m/news/1169596583?lang=zh_CN&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%<blockquote>Palantir暴跌超13%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir plunged more than 13%<blockquote>Palantir暴跌超13%</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir plunged more than 13%<blockquote>Palantir暴跌超13%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-05 23:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356846368,"gmtCreate":1616769729854,"gmtModify":1634524079083,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Comment please 😃","listText":"Comment please 😃","text":"Comment please 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👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341536225","repostId":"2125726223","repostType":4,"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891750534,"gmtCreate":1628433631628,"gmtModify":1633747168007,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891750534","repostId":"2157901414","repostType":4,"isVote":1,"tweetType":1,"viewCount":1730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138831052,"gmtCreate":1621924253976,"gmtModify":1634185446179,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Hot","listText":"Hot","text":"Hot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/138831052","repostId":"1175412440","repostType":4,"repost":{"id":"1175412440","kind":"news","pubTimestamp":1621923415,"share":"https://www.laohu8.com/m/news/1175412440?lang=zh_CN&edition=full","pubTime":"2021-05-25 14:16","market":"us","language":"en","title":"Robert Shiller: \"In Real Terms, Home Prices Have Never Been So High\"<blockquote>罗伯特·席勒：“按实际价值计算，房价从未如此之高”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175412440","media":"zerohedge","summary":"\"In real terms, home prices have never been so high. My data goes back over 100 years, so this is so","content":"<p>\"In real terms, home prices have never been so high. My data goes back over 100 years, so this is something,\" Nobel prize-winning economist Robert Shiller toldCNBC's \"Trading Nation.\"</p><p><blockquote>诺贝尔奖获得者经济学家罗伯特·席勒(Robert Shiller)告诉CNBC的“Trading Nation”节目：“按实际价值计算，房价从未如此之高。我的数据可以追溯到100多年前，所以这很了不起。”</blockquote></p><p> Shiller is the co-founder of the S&amp;P CoreLogic Case-Shiller home price index. He is worried about a housing bubble forming where the \"Wild West\" mentality pushes prices higher. He also is concerned about stocks and cryptocurrencies.</p><p><blockquote>席勒是S&amp;P CoreLogic Case-Shiller房价指数的联合创始人。他担心“狂野西部”心态推高房价会形成房地产泡沫。他还担心股票和加密货币。</blockquote></p><p> \"I don't think that the whole thing is explained by central bank policy. There is something about the sociology of markets that are happening,\" he said.</p><p><blockquote>“我不认为整个事情都可以用央行政策来解释。市场社会学正在发生一些事情，”他说。</blockquote></p><p> Shiller has noticed that housing starts drive home prices. But last week, despite a shortage of homes and buildable property, home builders are easing production, paralyzed by surging commodity prices.</p><p><blockquote>席勒注意到，新屋开工推动房价上涨。但上周，尽管房屋和可建房产短缺，房屋建筑商仍在放松生产，因大宗商品价格飙升而陷入瘫痪。</blockquote></p><p> In April, single-family housing starts plunged 13% compared with March. This was thesharpest downwardmove since last April when the pandemic began. Despite Shiller's euphoric housing bubble warning, the latest data shows an emerging pattern in housing starts that is quite ominous from the past.</p><p><blockquote>4月份，单户住宅开工量较3月份暴跌13%。这是自去年四月大流行开始以来最大幅度的下降。尽管席勒发出了令人兴奋的房地产泡沫警告，但最新数据显示，新屋开工出现了一种与过去相当不祥的模式。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93d67a6bf8f65d5a702e3695828be059\" tg-width=\"500\" tg-height=\"281\">However, Shiller points out there's \"a lot of upward momentum in housing markets and prices may not come down in a year.\" He believes the current housing market environment is similar to 2003, five years before the housing market crash in 2008.</p><p><blockquote>然而，席勒指出，“房地产市场有很大的上涨动力，价格可能不会在一年内下降。”他认为，当前的房地产市场环境与2003年类似，即2008年房地产市场崩溃的五年前。</blockquote></p><p> \"If you go out three or five years, I could imagine they'd [prices] be substantially lower than they are now, and maybe that's a good thing,\" he added. \"Not from the standpoint of a homeowner, but it's from the standpoint of a prospective homeowner. It's a good thing. If we have more houses, we're better off.\"</p><p><blockquote>“如果你出去三五年，我可以想象它们的[价格]会比现在低得多，也许这是一件好事，”他补充道。“不是站在房主的角度，而是站在准房主的角度。这是一件好事。如果我们有更多的房子，我们会过得更好。”</blockquote></p><p> Meanwhile, on an intermediate basis, Glenn Kelman, CEO at Redfin, told Bloomberg last week thathousing prices are set to cool. He said the housing market is in a frenzy, with most houses selling above the asking prices, which has never happened before.</p><p><blockquote>与此同时，Redfin首席执行官格伦·凯尔曼(Glenn Kelman)上周告诉彭博社，房价将会降温。他说，房地产市场正处于疯狂之中，大多数房子的售价都高于要价，这在以前从未发生过。</blockquote></p><p> After record gains in the first quarter, some home prices may stall.</p><p><blockquote>在第一季度创纪录的上涨之后，一些房价可能会停滞。</blockquote></p><p> According to the National Association of Realtors, nationwide, the median existing-home sales price rose 16.2% in the first quarter to $319,200, a&nbsp;record high&nbsp;in data going back to 1989.</p><p><blockquote>根据全国房地产经纪人协会的数据，第一季度全国现房销售价格中位数上涨16.2%，至319,200美元，创下1989年以来的历史新高。</blockquote></p><p> According to the Case-Shiller Home Price Index, we recently&nbsp;reported&nbsp;that home sales prices in the country's hottest markets had risen by their highest level since 2006. The index showed home prices in 20 major cities are up a shocking 11.10% year-over-year.</p><p><blockquote>根据Case-Shiller房价指数，我们最近报告称，美国最热门市场的房屋销售价格已上涨至2006年以来的最高水平。该指数显示，20个主要城市的房价同比上涨了令人震惊的11.10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/11a3971e095dbf2eb81e0db08c3d21dd\" tg-width=\"500\" tg-height=\"289\">But outside the major metro markets,demand was even more robust, translating into the most significant YoY increase&nbsp;in median sales since 2006.</p><p><blockquote>但在主要地铁市场之外，需求更加强劲，转化为自2006年以来销售额中位数最显着的同比增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/433121e4c3f841a1c956c3cdcb75ef50\" tg-width=\"500\" tg-height=\"288\">Kelman warned: \"I think you're going to see a little bit of air come out of the ballon,\"&nbsp;referring to the housing market bubble the Federal Reserve engineered by sending mortgage rates to record lows at the start of the virus pandemic in 2020.</p><p><blockquote>凯尔曼警告说：“我认为你会看到一点空气从气球中出来，”他指的是美联储在2020年病毒大流行开始时将抵押贷款利率推至创纪录低点而制造的房地产市场泡沫。</blockquote></p><p> Shiller's and Kelman's warning comes as home-buying sentiment has&nbsp;collapsed&nbsp;to its weakest since 1983...</p><p><blockquote>席勒和凯尔曼发出警告之际，购房情绪已跌至1983年以来的最低水平...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7946a5a3b070a2eb2748b1e8990bd64c\" tg-width=\"500\" tg-height=\"261\"></p><p><blockquote></blockquote></p><p> Between Shiller and Kelman, both believe housing prices are in a frenzy. However, Kelman's view is that housing prices will cool on an intermediate timeframe, and Shiller is on a&nbsp;multi-year view.&nbsp;The broad consensus is that today's environment is not sustainable. But as we all know, the Fed can sometimes maintain bubbles for quite sometime.</p><p><blockquote>席勒和凯尔曼都认为房价正在疯狂。然而，凯尔曼的观点是，房价将在一个中间的时间框架内降温，席勒的观点是多年的。广泛的共识是，今天的环境是不可持续的。但众所周知，美联储有时可以在相当一段时间内维持泡沫。</blockquote></p><p> ... and who may deflate today's housing bubble?</p><p><blockquote>...谁能让今天的房地产泡沫破灭？</blockquote></p><p> <i>Well, the Fed, of course, who&nbsp;has been hinting abouttaperingof bond purchases.</i></p><p><blockquote><i>当然是美联储，它一直在暗示缩减债券购买。</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>Robert Shiller: \"In Real Terms, Home Prices Have Never Been So High\"<blockquote>罗伯特·席勒：“按实际价值计算，房价从未如此之高”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\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\">\nRobert Shiller: \"In Real Terms, Home Prices Have Never Been So High\"<blockquote>罗伯特·席勒：“按实际价值计算，房价从未如此之高”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-05-25 14:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>\"In real terms, home prices have never been so high. My data goes back over 100 years, so this is something,\" Nobel prize-winning economist Robert Shiller toldCNBC's \"Trading Nation.\"</p><p><blockquote>诺贝尔奖获得者经济学家罗伯特·席勒(Robert Shiller)告诉CNBC的“Trading Nation”节目：“按实际价值计算，房价从未如此之高。我的数据可以追溯到100多年前，所以这很了不起。”</blockquote></p><p> Shiller is the co-founder of the S&amp;P CoreLogic Case-Shiller home price index. He is worried about a housing bubble forming where the \"Wild West\" mentality pushes prices higher. He also is concerned about stocks and cryptocurrencies.</p><p><blockquote>席勒是S&amp;P CoreLogic Case-Shiller房价指数的联合创始人。他担心“狂野西部”心态推高房价会形成房地产泡沫。他还担心股票和加密货币。</blockquote></p><p> \"I don't think that the whole thing is explained by central bank policy. There is something about the sociology of markets that are happening,\" he said.</p><p><blockquote>“我不认为整个事情都可以用央行政策来解释。市场社会学正在发生一些事情，”他说。</blockquote></p><p> Shiller has noticed that housing starts drive home prices. But last week, despite a shortage of homes and buildable property, home builders are easing production, paralyzed by surging commodity prices.</p><p><blockquote>席勒注意到，新屋开工推动房价上涨。但上周，尽管房屋和可建房产短缺，房屋建筑商仍在放松生产，因大宗商品价格飙升而陷入瘫痪。</blockquote></p><p> In April, single-family housing starts plunged 13% compared with March. This was thesharpest downwardmove since last April when the pandemic began. Despite Shiller's euphoric housing bubble warning, the latest data shows an emerging pattern in housing starts that is quite ominous from the past.</p><p><blockquote>4月份，单户住宅开工量较3月份暴跌13%。这是自去年四月大流行开始以来最大幅度的下降。尽管席勒发出了令人兴奋的房地产泡沫警告，但最新数据显示，新屋开工出现了一种与过去相当不祥的模式。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93d67a6bf8f65d5a702e3695828be059\" tg-width=\"500\" tg-height=\"281\">However, Shiller points out there's \"a lot of upward momentum in housing markets and prices may not come down in a year.\" He believes the current housing market environment is similar to 2003, five years before the housing market crash in 2008.</p><p><blockquote>然而，席勒指出，“房地产市场有很大的上涨动力，价格可能不会在一年内下降。”他认为，当前的房地产市场环境与2003年类似，即2008年房地产市场崩溃的五年前。</blockquote></p><p> \"If you go out three or five years, I could imagine they'd [prices] be substantially lower than they are now, and maybe that's a good thing,\" he added. \"Not from the standpoint of a homeowner, but it's from the standpoint of a prospective homeowner. It's a good thing. If we have more houses, we're better off.\"</p><p><blockquote>“如果你出去三五年，我可以想象它们的[价格]会比现在低得多，也许这是一件好事，”他补充道。“不是站在房主的角度，而是站在准房主的角度。这是一件好事。如果我们有更多的房子，我们会过得更好。”</blockquote></p><p> Meanwhile, on an intermediate basis, Glenn Kelman, CEO at Redfin, told Bloomberg last week thathousing prices are set to cool. He said the housing market is in a frenzy, with most houses selling above the asking prices, which has never happened before.</p><p><blockquote>与此同时，Redfin首席执行官格伦·凯尔曼(Glenn Kelman)上周告诉彭博社，房价将会降温。他说，房地产市场正处于疯狂之中，大多数房子的售价都高于要价，这在以前从未发生过。</blockquote></p><p> After record gains in the first quarter, some home prices may stall.</p><p><blockquote>在第一季度创纪录的上涨之后，一些房价可能会停滞。</blockquote></p><p> According to the National Association of Realtors, nationwide, the median existing-home sales price rose 16.2% in the first quarter to $319,200, a&nbsp;record high&nbsp;in data going back to 1989.</p><p><blockquote>根据全国房地产经纪人协会的数据，第一季度全国现房销售价格中位数上涨16.2%，至319,200美元，创下1989年以来的历史新高。</blockquote></p><p> According to the Case-Shiller Home Price Index, we recently&nbsp;reported&nbsp;that home sales prices in the country's hottest markets had risen by their highest level since 2006. The index showed home prices in 20 major cities are up a shocking 11.10% year-over-year.</p><p><blockquote>根据Case-Shiller房价指数，我们最近报告称，美国最热门市场的房屋销售价格已上涨至2006年以来的最高水平。该指数显示，20个主要城市的房价同比上涨了令人震惊的11.10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/11a3971e095dbf2eb81e0db08c3d21dd\" tg-width=\"500\" tg-height=\"289\">But outside the major metro markets,demand was even more robust, translating into the most significant YoY increase&nbsp;in median sales since 2006.</p><p><blockquote>但在主要地铁市场之外，需求更加强劲，转化为自2006年以来销售额中位数最显着的同比增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/433121e4c3f841a1c956c3cdcb75ef50\" tg-width=\"500\" tg-height=\"288\">Kelman warned: \"I think you're going to see a little bit of air come out of the ballon,\"&nbsp;referring to the housing market bubble the Federal Reserve engineered by sending mortgage rates to record lows at the start of the virus pandemic in 2020.</p><p><blockquote>凯尔曼警告说：“我认为你会看到一点空气从气球中出来，”他指的是美联储在2020年病毒大流行开始时将抵押贷款利率推至创纪录低点而制造的房地产市场泡沫。</blockquote></p><p> Shiller's and Kelman's warning comes as home-buying sentiment has&nbsp;collapsed&nbsp;to its weakest since 1983...</p><p><blockquote>席勒和凯尔曼发出警告之际，购房情绪已跌至1983年以来的最低水平...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7946a5a3b070a2eb2748b1e8990bd64c\" tg-width=\"500\" tg-height=\"261\"></p><p><blockquote></blockquote></p><p> Between Shiller and Kelman, both believe housing prices are in a frenzy. However, Kelman's view is that housing prices will cool on an intermediate timeframe, and Shiller is on a&nbsp;multi-year view.&nbsp;The broad consensus is that today's environment is not sustainable. But as we all know, the Fed can sometimes maintain bubbles for quite sometime.</p><p><blockquote>席勒和凯尔曼都认为房价正在疯狂。然而，凯尔曼的观点是，房价将在一个中间的时间框架内降温，席勒的观点是多年的。广泛的共识是，今天的环境是不可持续的。但众所周知，美联储有时可以在相当一段时间内维持泡沫。</blockquote></p><p> ... and who may deflate today's housing bubble?</p><p><blockquote>...谁能让今天的房地产泡沫破灭？</blockquote></p><p> <i>Well, the Fed, of course, who&nbsp;has been hinting abouttaperingof bond purchases.</i></p><p><blockquote><i>当然是美联储，它一直在暗示缩减债券购买。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/robert-shiller-real-terms-home-prices-have-never-been-so-high\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/robert-shiller-real-terms-home-prices-have-never-been-so-high","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175412440","content_text":"\"In real terms, home prices have never been so high. My data goes back over 100 years, so this is something,\" Nobel prize-winning economist Robert Shiller toldCNBC's \"Trading Nation.\"\nShiller is the co-founder of the S&P CoreLogic Case-Shiller home price index. He is worried about a housing bubble forming where the \"Wild West\" mentality pushes prices higher. He also is concerned about stocks and cryptocurrencies.\n\"I don't think that the whole thing is explained by central bank policy. There is something about the sociology of markets that are happening,\" he said.\nShiller has noticed that housing starts drive home prices. But last week, despite a shortage of homes and buildable property, home builders are easing production, paralyzed by surging commodity prices.\nIn April, single-family housing starts plunged 13% compared with March. This was thesharpest downwardmove since last April when the pandemic began. Despite Shiller's euphoric housing bubble warning, the latest data shows an emerging pattern in housing starts that is quite ominous from the past.\nHowever, Shiller points out there's \"a lot of upward momentum in housing markets and prices may not come down in a year.\" He believes the current housing market environment is similar to 2003, five years before the housing market crash in 2008.\n\"If you go out three or five years, I could imagine they'd [prices] be substantially lower than they are now, and maybe that's a good thing,\" he added. \"Not from the standpoint of a homeowner, but it's from the standpoint of a prospective homeowner. It's a good thing. If we have more houses, we're better off.\"\nMeanwhile, on an intermediate basis, Glenn Kelman, CEO at Redfin, told Bloomberg last week thathousing prices are set to cool. He said the housing market is in a frenzy, with most houses selling above the asking prices, which has never happened before.\nAfter record gains in the first quarter, some home prices may stall.\nAccording to the National Association of Realtors, nationwide, the median existing-home sales price rose 16.2% in the first quarter to $319,200, a record high in data going back to 1989.\nAccording to the Case-Shiller Home Price Index, we recently reported that home sales prices in the country's hottest markets had risen by their highest level since 2006. The index showed home prices in 20 major cities are up a shocking 11.10% year-over-year.\nBut outside the major metro markets,demand was even more robust, translating into the most significant YoY increase in median sales since 2006.\nKelman warned: \"I think you're going to see a little bit of air come out of the ballon,\" referring to the housing market bubble the Federal Reserve engineered by sending mortgage rates to record lows at the start of the virus pandemic in 2020.\nShiller's and Kelman's warning comes as home-buying sentiment has collapsed to its weakest since 1983...\n\nBetween Shiller and Kelman, both believe housing prices are in a frenzy. However, Kelman's view is that housing prices will cool on an intermediate timeframe, and Shiller is on a multi-year view. The broad consensus is that today's environment is not sustainable. But as we all know, the Fed can sometimes maintain bubbles for quite sometime.\n... and who may deflate today's housing bubble?\nWell, the Fed, of course, who has been hinting abouttaperingof bond purchases.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106484540,"gmtCreate":1620139592780,"gmtModify":1634207515231,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Wan an","listText":"Wan an","text":"Wan an","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/106484540","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://www.laohu8.com/m/news/1141446343?lang=zh_CN&edition=full","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<p><ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul></p><p><blockquote><ul><li>尽管这对夫妇在一份声明中向公众保证，尽管结束了婚姻，他们仍将继续在基金会合作，但有关微软（纳斯达克：MSFT）创始人和他27年的合作伙伴的消息可能会给他们的项目带来冲击波。</li><li>在比尔和梅琳达·盖茨基金会信托基金截至2020年12月31日的最新13F文件中，按价值降序排列的最大持股包括伯克希尔·哈撒韦公司(NYSE：BRK.B)、废物管理公司(NYSE：WM)、卡特彼勒(NYSE：CAT)、加拿大国家航空公司(NYSE：CNI)、沃尔玛(NYSE：WMT)、艺康(NYSE：ECL)、皇冠城堡(NYSE：CCI)、联邦快递(NYSE：FDX)和UPS(NYSE：UPS)。</li><li><a href=\"https://laohu8.com/S/TWOA.U\">两个</a>该基金会持有大量股份（超过已发行股票的10%）的股票包括薛定谔（纳斯达克股票代码：SDGR）和可口可乐Femsa（纽约证券交易所股票代码：KOF）。</li><li>大多数其他持股的市值低于10亿美元，其所有权仅占相关股票已发行股份的不到3%。</li><li>比尔和梅琳达·盖茨基金会在最新的季度文件中披露了Amyris（纳斯达克：AMRS）、Vir Biotech（纳斯达克：VIR）、BionTech（纳斯达克：BNTX）、Curevac（纳斯达克：CVAC）和<a href=\"https://laohu8.com/S/BCEL\">阿特雷卡</a>（纳斯达克：BCEL）。</li><li>我们的读者可能还记得两年前世界首富杰夫·贝索斯和他的合伙人麦肯兹·斯科特宣布分手的时候。他们的财富就是这样在他们之间分配的。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seeking alpha</strong><span class=\"h-time small\">2021-05-04 14:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul></p><p><blockquote><ul><li>尽管这对夫妇在一份声明中向公众保证，尽管结束了婚姻，他们仍将继续在基金会合作，但有关微软（纳斯达克：MSFT）创始人和他27年的合作伙伴的消息可能会给他们的项目带来冲击波。</li><li>在比尔和梅琳达·盖茨基金会信托基金截至2020年12月31日的最新13F文件中，按价值降序排列的最大持股包括伯克希尔·哈撒韦公司(NYSE：BRK.B)、废物管理公司(NYSE：WM)、卡特彼勒(NYSE：CAT)、加拿大国家航空公司(NYSE：CNI)、沃尔玛(NYSE：WMT)、艺康(NYSE：ECL)、皇冠城堡(NYSE：CCI)、联邦快递(NYSE：FDX)和UPS(NYSE：UPS)。</li><li><a href=\"https://laohu8.com/S/TWOA.U\">两个</a>该基金会持有大量股份（超过已发行股票的10%）的股票包括薛定谔（纳斯达克股票代码：SDGR）和可口可乐Femsa（纽约证券交易所股票代码：KOF）。</li><li>大多数其他持股的市值低于10亿美元，其所有权仅占相关股票已发行股份的不到3%。</li><li>比尔和梅琳达·盖茨基金会在最新的季度文件中披露了Amyris（纳斯达克：AMRS）、Vir Biotech（纳斯达克：VIR）、BionTech（纳斯达克：BNTX）、Curevac（纳斯达克：CVAC）和<a href=\"https://laohu8.com/S/BCEL\">阿特雷卡</a>（纳斯达克：BCEL）。</li><li>我们的读者可能还记得两年前世界首富杰夫·贝索斯和他的合伙人麦肯兹·斯科特宣布分手的时候。他们的财富就是这样在他们之间分配的。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">seeking alpha</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":{"MSFT":"微软","WM":"美国废物管理","SDGR":"Schrodinger Inc.","CVAC":"CureVac B.V.","AMRS":"阿米瑞斯","CNI":"加拿大国家铁路","BNTX":"BioNTech SE","BRK.B":"伯克希尔B","VIR":"Vir Biotechnology, Inc.","CCI":"冠城","WCLD":"WisdomTree Cloud Computing Fund","WMT":"沃尔玛","UPS":"联合包裹","FDX":"联邦快递","KOF":"可口可乐凡萨瓶装","CAT":"卡特彼勒"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1,"symbols_score_info":{"MSFT":0.9,"BNTX":0.9,"CAT":0.9,"CVAC":0.9,"SDGR":0.9,"WCLD":0.9,"WMT":0.9,"BCEL":0.9,"UPS":0.9,"KOF":0.9,"AMRS":0.9,"CCI":0.9,"WM":0.9,"BRK.B":0.9,"VIR":0.9,"CNI":0.9,"FDX":0.9}},"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345224568,"gmtCreate":1618320762254,"gmtModify":1634293746270,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Good night 💤","listText":"Good night 💤","text":"Good night 💤","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/345224568","repostId":"1179268763","repostType":4,"repost":{"id":"1179268763","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":1618315607,"share":"https://www.laohu8.com/m/news/1179268763?lang=zh_CN&edition=full","pubTime":"2021-04-13 20:06","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179268763","media":"Tiger Newspress","summary":"Stock futures drop after US officials call for pause of J&J vaccine rollout. In addition, markets lo","content":"<p><ul><li>Stock futures drop after US officials call for pause of J&amp;J vaccine rollout.&nbsp;</li><li>In&nbsp;addition,&nbsp;markets look to key U.S. inflation data.</li><li>The benchmark 10-year Treasury yield inched closer to 1.7%.</li><li>Bitcoin set new record, trading above $63,000.</li><li>Altimeter Growth, Johnson &amp; Johnson, FedEx &amp; more making the biggest moves in the premarket</li></ul>(April 13)&nbsp;Stock futures sank Tuesday morning after U.S. federal health officials called for a pause in the rollout of Johnson &amp; Johnson's (JNJ) COVID-19 vaccine amid concerns over rare blood clots in some individuals who received the inoculation.</p><p><blockquote><ul><li>美国官员看涨期权暂停强生疫苗推出后，股指期货下跌。</li><li>此外，市场关注美国关键通胀数据。</li><li>基准10年期国债收益率小幅逼近1.7%。</li><li>比特币创下新纪录，交易价格超过63,000美元。</li><li>Altimeter Growth、强生公司、联邦快递等在盘前做出最大举措</li></ul>（4月13日）周二上午，美国联邦卫生官员呼吁暂停推出强生公司（JNJ）的新冠肺炎疫苗，原因是担心一些接种疫苗的人出现罕见的血栓。</blockquote></p><p>At 8:05 a.m. ET, Dow E-minis were down 110 points, or 0.33%, S&amp;P 500 E-minis were down 10.5 points, or 0.25% and Nasdaq 100 E-minis were down 6.5&nbsp;points, or 0.05%.</p><p><blockquote>截至美国东部时间上午8:05，道指E-mini下跌110点，跌幅0.33%，标普500 E-mini下跌10.5点，跌幅0.25%，纳斯达克100 E-mini下跌6.5点，跌幅0.05%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec9ca3c4d5c22a6aabf5a7bd8286a08\" tg-width=\"1242\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>The benchmark 10-year Treasury yield inched closer to 1.7% before the Labor Department’s data that is expected to show U.S. consumer prices rose 0.5% in March from 0.4% in February. The report is due at 8:30 a.m. ET (1230 GMT).</p><p><blockquote>在劳工部数据预计显示美国3月份消费者价格从2月份的0.4%上涨0.5%之前，基准10年期国债收益率小幅逼近1.7%。该报告将于美国东部时间上午8:30（格林威治标准时间1230）发布。</blockquote></p><p>Among stocks, U.S.-listed shares of e-commerce firm JD.com and search giant Baidu fell about 2% each in premarket trading as China’s market regulator warned internet companies to stop using any banned practices.</p><p><blockquote>股市方面，由于中国市场监管机构警告互联网公司停止使用任何被禁止的做法，电子商务公司京东和搜索巨头百度在美国上市的股价在盘前交易中各下跌约2%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/57e53e80a4150ceca7c4290b9a0e14ce\" tg-width=\"282\" tg-height=\"80\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Cryptocurrency and blockchain-related firms including Riot Blockchain and Marathon Digital Holdings jumped 9% and 8% as bitcoin prices soared 4.5%, a day ahead of listing of Coinbase, the largest U.S. cryptocurrency exchange.</p><p><blockquote>包括Riot Blockchain和Marathon Digital Holdings在内的加密货币和区块链相关公司股价上涨9%和8%，比特币股价在美国最大加密货币交易所Coinbase上市前一天飙升4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/759502388fc3c70949384c724fa01051\" tg-width=\"292\" tg-height=\"355\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Stocks making the biggest moves in the premarket: Altimeter Growth, Johnson &amp; Johnson, FedEx &amp; more:</b></p><p><blockquote><b>盘前涨幅最大的股票：Altimeter Growth、强生公司、联邦快递等：</b></blockquote></p><p><b>1)&nbsp;Altimeter Growth(AGC) </b>— Southeast Asia's ride-hailing giant Grab isgoing public via a SPAC mergerwith Altimeter Growth, valued at nearly $40 billion. Grab says it intends to list on the Nasdaq under ticker symbol \"GRAB\" following the deal's completion. Altimeter's shares surged nearly 9% in premarket trading.</p><p><blockquote><b>1）高度计增长（AGC）</b>-东南亚网约车巨头Grab将通过SPAC与Altimeter Growth合并上市，估值近400亿美元。Grab表示，交易完成后打算在纳斯达克上市，股票代码为“GRAB”。Altimeter股价在盘前交易中飙升近9%。</blockquote></p><p><b>2)&nbsp;Johnson &amp; Johnson(JNJ) </b>— Shares of the drugmaker fell 2.8% in the premarket after the Food and Drug Administrationsaid it is asking states to pauseadministering J&amp;J's Covid-19 vaccine after six people in the U.S. developed a rare disorder involving blood clots. The FDA said the recommendation is \"out of an abundance of caution.\"Modernashares popped more than 7% in early trading on the news.</p><p><blockquote><b>2）强生公司（JNJ）</b>-美国食品和药物管理局表示，在美国有六人出现涉及血栓的罕见疾病后，要求各州暂停注射强生的Covid-19疫苗，该制药商股价在盘前下跌2.8%。FDA表示，这一建议是“出于谨慎”。受此消息影响，Modernashares早盘上涨超过7%。</blockquote></p><p><b>3)&nbsp;FedEx(FDX)</b> — Shares of the shipping company rose in premarket trading about KeyBanc Capital Markets upgraded FedEx to \"overweight.\" The Wall Street firm also set a $350 per share price target on FedEx. KeyBanc said FedEx can still grow volume even with the return to in-person shopping.</p><p><blockquote><b>3）联邦快递（FDX）</b>-KeyBanc Capital Markets将联邦快递升级为“跑赢大盘”，该航运公司股价在盘前交易中上涨。这家华尔街公司还为联邦快递设定了每股350美元的目标价。KeyBanc表示，即使恢复面对面购物，联邦快递的业务量仍然可以增长。</blockquote></p><p><b>4)&nbsp;JetBlue(JBLU),Spirit Airlines(SAVE)</b> — Shares of the airlines popped in premarket trading after Susquehanna Financial Group upgraded JetBlue and Spirit Airlines to “positive.” “With a recovery in U.S. domestic air travel underway, we want to own the low-cost carriers,” the firm’s analyst told clients.</p><p><blockquote><b>4)捷蓝航空(JBLU)、精神航空(SAVE)</b>-在萨斯奎哈纳金融集团将捷蓝航空和精神航空的评级上调至“正面”后，这些航空公司的股价在盘前交易中上涨。该公司分析师告诉客户：“随着美国国内航空旅行的复苏，我们希望拥有这些低成本航空公司。”</blockquote></p><p><b>5)&nbsp;Booking Holdings(BKNG) </b>— The travel company gained in premarket trading after Jefferies upgraded Booking to “buy” from “hold” on a rebound in global travel. The first also hiked its 12-month price target to $2,800 per share from $2,300 per share.</p><p><blockquote><b>5)Booking Holdings(BKNG)</b>-由于全球旅游业反弹，杰富瑞(Jefferies)将Booking评级从“持有”上调至“买入”，该旅游公司在盘前交易中上涨。first还将12个月目标价从每股2,300美元上调至每股2,800美元。</blockquote></p><p><b>6)&nbsp;3M(MMM) </b>— Shares of the manufacturing giant edged lower in the premarket after Deutsche Bank added a “catalyst call” sell on 3M. The Wall Street firm said the stock has curiously outperformed in recent weeks despite Deutsche Bank’s expectation for a miss on upcoming earnings.</p><p><blockquote><b>6）3米（3M）</b>-德意志银行对3M进行“催化剂看涨期权”抛售后，这家制造业巨头的股价在盘前小幅走低。这家华尔街公司表示，尽管德意志银行预计即将公布的盈利将低于预期，但该股最近几周的表现却出人意料地跑赢了大盘。</blockquote></p><p><b>7)&nbsp;NortonLifeLock(NLOK)</b> — The security company dipped in premarket trading after Bank of America initiated the stock with an “underperform” rating and a $19 per share price target. “Last year’s COVID-related spike in demand may unwind in the next few quarters and the company may return to negative trends in churn and subscriber additions, negatively impacting the revenue growth,” the firm said.</p><p><blockquote><b>7)NortonLifeLock(NLOK)</b>-在美国银行给予该股“跑输大盘”评级和每股19美元的目标价后，该证券公司在盘前交易中下跌。该公司表示：“去年与新冠疫情相关的需求激增可能会在未来几个季度消退，公司可能会在客户流失和用户增加方面恢复负面趋势，从而对收入增长产生负面影响。”</blockquote></p><p><b>8)&nbsp;Honeywell(HON)</b> — Shares of Honeywell rose in premarket trade after Deutsche Bank put a catalyst call “buy” rating on the stock. The firm said investors are unenthusiastic about Honeywell, despite a recovery taking hold.</p><p><blockquote><b>8）霍尼韦尔（HON）</b>-德银给予霍尼韦尔催化剂看涨期权“买入”评级后，霍尼韦尔股价在盘前交易中上涨。该公司表示，尽管霍尼韦尔正在复苏，但投资者对霍尼韦尔并不热情。</blockquote></p><p><b>9)&nbsp;Bristol-Myers Squibb(BMY) </b>— Shares of the pharmaceutical company rose in the premarket about Truist upgraded Bristol-Myers Squibb to “buy” from “hold” with a $74 per share price target. The Wall Street firm said it likes Bristol-Myers Squibb’s drug pipeline.</p><p><blockquote><b>9）百时美施贵宝（BMY）</b>–该制药公司股价在盘前上涨，Truist将百时美施贵宝的评级从“持有”上调至“买入”，目标价为每股74美元。这家华尔街公司表示，它喜欢百时美施贵宝的药物管道。</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>Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</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\">\nToplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-13 20:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul><li>Stock futures drop after US officials call for pause of J&amp;J vaccine rollout.&nbsp;</li><li>In&nbsp;addition,&nbsp;markets look to key U.S. inflation data.</li><li>The benchmark 10-year Treasury yield inched closer to 1.7%.</li><li>Bitcoin set new record, trading above $63,000.</li><li>Altimeter Growth, Johnson &amp; Johnson, FedEx &amp; more making the biggest moves in the premarket</li></ul>(April 13)&nbsp;Stock futures sank Tuesday morning after U.S. federal health officials called for a pause in the rollout of Johnson &amp; Johnson's (JNJ) COVID-19 vaccine amid concerns over rare blood clots in some individuals who received the inoculation.</p><p><blockquote><ul><li>美国官员看涨期权暂停强生疫苗推出后，股指期货下跌。</li><li>此外，市场关注美国关键通胀数据。</li><li>基准10年期国债收益率小幅逼近1.7%。</li><li>比特币创下新纪录，交易价格超过63,000美元。</li><li>Altimeter Growth、强生公司、联邦快递等在盘前做出最大举措</li></ul>（4月13日）周二上午，美国联邦卫生官员呼吁暂停推出强生公司（JNJ）的新冠肺炎疫苗，原因是担心一些接种疫苗的人出现罕见的血栓。</blockquote></p><p>At 8:05 a.m. ET, Dow E-minis were down 110 points, or 0.33%, S&amp;P 500 E-minis were down 10.5 points, or 0.25% and Nasdaq 100 E-minis were down 6.5&nbsp;points, or 0.05%.</p><p><blockquote>截至美国东部时间上午8:05，道指E-mini下跌110点，跌幅0.33%，标普500 E-mini下跌10.5点，跌幅0.25%，纳斯达克100 E-mini下跌6.5点，跌幅0.05%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec9ca3c4d5c22a6aabf5a7bd8286a08\" tg-width=\"1242\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>The benchmark 10-year Treasury yield inched closer to 1.7% before the Labor Department’s data that is expected to show U.S. consumer prices rose 0.5% in March from 0.4% in February. The report is due at 8:30 a.m. ET (1230 GMT).</p><p><blockquote>在劳工部数据预计显示美国3月份消费者价格从2月份的0.4%上涨0.5%之前，基准10年期国债收益率小幅逼近1.7%。该报告将于美国东部时间上午8:30（格林威治标准时间1230）发布。</blockquote></p><p>Among stocks, U.S.-listed shares of e-commerce firm JD.com and search giant Baidu fell about 2% each in premarket trading as China’s market regulator warned internet companies to stop using any banned practices.</p><p><blockquote>股市方面，由于中国市场监管机构警告互联网公司停止使用任何被禁止的做法，电子商务公司京东和搜索巨头百度在美国上市的股价在盘前交易中各下跌约2%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/57e53e80a4150ceca7c4290b9a0e14ce\" tg-width=\"282\" tg-height=\"80\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Cryptocurrency and blockchain-related firms including Riot Blockchain and Marathon Digital Holdings jumped 9% and 8% as bitcoin prices soared 4.5%, a day ahead of listing of Coinbase, the largest U.S. cryptocurrency exchange.</p><p><blockquote>包括Riot Blockchain和Marathon Digital Holdings在内的加密货币和区块链相关公司股价上涨9%和8%，比特币股价在美国最大加密货币交易所Coinbase上市前一天飙升4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/759502388fc3c70949384c724fa01051\" tg-width=\"292\" tg-height=\"355\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Stocks making the biggest moves in the premarket: Altimeter Growth, Johnson &amp; Johnson, FedEx &amp; more:</b></p><p><blockquote><b>盘前涨幅最大的股票：Altimeter Growth、强生公司、联邦快递等：</b></blockquote></p><p><b>1)&nbsp;Altimeter Growth(AGC) </b>— Southeast Asia's ride-hailing giant Grab isgoing public via a SPAC mergerwith Altimeter Growth, valued at nearly $40 billion. Grab says it intends to list on the Nasdaq under ticker symbol \"GRAB\" following the deal's completion. Altimeter's shares surged nearly 9% in premarket trading.</p><p><blockquote><b>1）高度计增长（AGC）</b>-东南亚网约车巨头Grab将通过SPAC与Altimeter Growth合并上市，估值近400亿美元。Grab表示，交易完成后打算在纳斯达克上市，股票代码为“GRAB”。Altimeter股价在盘前交易中飙升近9%。</blockquote></p><p><b>2)&nbsp;Johnson &amp; Johnson(JNJ) </b>— Shares of the drugmaker fell 2.8% in the premarket after the Food and Drug Administrationsaid it is asking states to pauseadministering J&amp;J's Covid-19 vaccine after six people in the U.S. developed a rare disorder involving blood clots. The FDA said the recommendation is \"out of an abundance of caution.\"Modernashares popped more than 7% in early trading on the news.</p><p><blockquote><b>2）强生公司（JNJ）</b>-美国食品和药物管理局表示，在美国有六人出现涉及血栓的罕见疾病后，要求各州暂停注射强生的Covid-19疫苗，该制药商股价在盘前下跌2.8%。FDA表示，这一建议是“出于谨慎”。受此消息影响，Modernashares早盘上涨超过7%。</blockquote></p><p><b>3)&nbsp;FedEx(FDX)</b> — Shares of the shipping company rose in premarket trading about KeyBanc Capital Markets upgraded FedEx to \"overweight.\" The Wall Street firm also set a $350 per share price target on FedEx. KeyBanc said FedEx can still grow volume even with the return to in-person shopping.</p><p><blockquote><b>3）联邦快递（FDX）</b>-KeyBanc Capital Markets将联邦快递升级为“跑赢大盘”，该航运公司股价在盘前交易中上涨。这家华尔街公司还为联邦快递设定了每股350美元的目标价。KeyBanc表示，即使恢复面对面购物，联邦快递的业务量仍然可以增长。</blockquote></p><p><b>4)&nbsp;JetBlue(JBLU),Spirit Airlines(SAVE)</b> — Shares of the airlines popped in premarket trading after Susquehanna Financial Group upgraded JetBlue and Spirit Airlines to “positive.” “With a recovery in U.S. domestic air travel underway, we want to own the low-cost carriers,” the firm’s analyst told clients.</p><p><blockquote><b>4)捷蓝航空(JBLU)、精神航空(SAVE)</b>-在萨斯奎哈纳金融集团将捷蓝航空和精神航空的评级上调至“正面”后，这些航空公司的股价在盘前交易中上涨。该公司分析师告诉客户：“随着美国国内航空旅行的复苏，我们希望拥有这些低成本航空公司。”</blockquote></p><p><b>5)&nbsp;Booking Holdings(BKNG) </b>— The travel company gained in premarket trading after Jefferies upgraded Booking to “buy” from “hold” on a rebound in global travel. The first also hiked its 12-month price target to $2,800 per share from $2,300 per share.</p><p><blockquote><b>5)Booking Holdings(BKNG)</b>-由于全球旅游业反弹，杰富瑞(Jefferies)将Booking评级从“持有”上调至“买入”，该旅游公司在盘前交易中上涨。first还将12个月目标价从每股2,300美元上调至每股2,800美元。</blockquote></p><p><b>6)&nbsp;3M(MMM) </b>— Shares of the manufacturing giant edged lower in the premarket after Deutsche Bank added a “catalyst call” sell on 3M. The Wall Street firm said the stock has curiously outperformed in recent weeks despite Deutsche Bank’s expectation for a miss on upcoming earnings.</p><p><blockquote><b>6）3米（3M）</b>-德意志银行对3M进行“催化剂看涨期权”抛售后，这家制造业巨头的股价在盘前小幅走低。这家华尔街公司表示，尽管德意志银行预计即将公布的盈利将低于预期，但该股最近几周的表现却出人意料地跑赢了大盘。</blockquote></p><p><b>7)&nbsp;NortonLifeLock(NLOK)</b> — The security company dipped in premarket trading after Bank of America initiated the stock with an “underperform” rating and a $19 per share price target. “Last year’s COVID-related spike in demand may unwind in the next few quarters and the company may return to negative trends in churn and subscriber additions, negatively impacting the revenue growth,” the firm said.</p><p><blockquote><b>7)NortonLifeLock(NLOK)</b>-在美国银行给予该股“跑输大盘”评级和每股19美元的目标价后，该证券公司在盘前交易中下跌。该公司表示：“去年与新冠疫情相关的需求激增可能会在未来几个季度消退，公司可能会在客户流失和用户增加方面恢复负面趋势，从而对收入增长产生负面影响。”</blockquote></p><p><b>8)&nbsp;Honeywell(HON)</b> — Shares of Honeywell rose in premarket trade after Deutsche Bank put a catalyst call “buy” rating on the stock. The firm said investors are unenthusiastic about Honeywell, despite a recovery taking hold.</p><p><blockquote><b>8）霍尼韦尔（HON）</b>-德银给予霍尼韦尔催化剂看涨期权“买入”评级后，霍尼韦尔股价在盘前交易中上涨。该公司表示，尽管霍尼韦尔正在复苏，但投资者对霍尼韦尔并不热情。</blockquote></p><p><b>9)&nbsp;Bristol-Myers Squibb(BMY) </b>— Shares of the pharmaceutical company rose in the premarket about Truist upgraded Bristol-Myers Squibb to “buy” from “hold” with a $74 per share price target. The Wall Street firm said it likes Bristol-Myers Squibb’s drug pipeline.</p><p><blockquote><b>9）百时美施贵宝（BMY）</b>–该制药公司股价在盘前上涨，Truist将百时美施贵宝的评级从“持有”上调至“买入”，目标价为每股74美元。这家华尔街公司表示，它喜欢百时美施贵宝的药物管道。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179268763","content_text":"Stock futures drop after US officials call for pause of J&J vaccine rollout. In addition, markets look to key U.S. inflation data.The benchmark 10-year Treasury yield inched closer to 1.7%.Bitcoin set new record, trading above $63,000.Altimeter Growth, Johnson & Johnson, FedEx & more making the biggest moves in the premarket(April 13) Stock futures sank Tuesday morning after U.S. federal health officials called for a pause in the rollout of Johnson & Johnson's (JNJ) COVID-19 vaccine amid concerns over rare blood clots in some individuals who received the inoculation.At 8:05 a.m. ET, Dow E-minis were down 110 points, or 0.33%, S&P 500 E-minis were down 10.5 points, or 0.25% and Nasdaq 100 E-minis were down 6.5 points, or 0.05%.The benchmark 10-year Treasury yield inched closer to 1.7% before the Labor Department’s data that is expected to show U.S. consumer prices rose 0.5% in March from 0.4% in February. The report is due at 8:30 a.m. ET (1230 GMT).Among stocks, U.S.-listed shares of e-commerce firm JD.com and search giant Baidu fell about 2% each in premarket trading as China’s market regulator warned internet companies to stop using any banned practices.Cryptocurrency and blockchain-related firms including Riot Blockchain and Marathon Digital Holdings jumped 9% and 8% as bitcoin prices soared 4.5%, a day ahead of listing of Coinbase, the largest U.S. cryptocurrency exchange.Stocks making the biggest moves in the premarket: Altimeter Growth, Johnson & Johnson, FedEx & more:1) Altimeter Growth(AGC) — Southeast Asia's ride-hailing giant Grab isgoing public via a SPAC mergerwith Altimeter Growth, valued at nearly $40 billion. Grab says it intends to list on the Nasdaq under ticker symbol \"GRAB\" following the deal's completion. Altimeter's shares surged nearly 9% in premarket trading.2) Johnson & Johnson(JNJ) — Shares of the drugmaker fell 2.8% in the premarket after the Food and Drug Administrationsaid it is asking states to pauseadministering J&J's Covid-19 vaccine after six people in the U.S. developed a rare disorder involving blood clots. The FDA said the recommendation is \"out of an abundance of caution.\"Modernashares popped more than 7% in early trading on the news.3) FedEx(FDX) — Shares of the shipping company rose in premarket trading about KeyBanc Capital Markets upgraded FedEx to \"overweight.\" The Wall Street firm also set a $350 per share price target on FedEx. KeyBanc said FedEx can still grow volume even with the return to in-person shopping.4) JetBlue(JBLU),Spirit Airlines(SAVE) — Shares of the airlines popped in premarket trading after Susquehanna Financial Group upgraded JetBlue and Spirit Airlines to “positive.” “With a recovery in U.S. domestic air travel underway, we want to own the low-cost carriers,” the firm’s analyst told clients.5) Booking Holdings(BKNG) — The travel company gained in premarket trading after Jefferies upgraded Booking to “buy” from “hold” on a rebound in global travel. The first also hiked its 12-month price target to $2,800 per share from $2,300 per share.6) 3M(MMM) — Shares of the manufacturing giant edged lower in the premarket after Deutsche Bank added a “catalyst call” sell on 3M. The Wall Street firm said the stock has curiously outperformed in recent weeks despite Deutsche Bank’s expectation for a miss on upcoming earnings.7) NortonLifeLock(NLOK) — The security company dipped in premarket trading after Bank of America initiated the stock with an “underperform” rating and a $19 per share price target. “Last year’s COVID-related spike in demand may unwind in the next few quarters and the company may return to negative trends in churn and subscriber additions, negatively impacting the revenue growth,” the firm said.8) Honeywell(HON) — Shares of Honeywell rose in premarket trade after Deutsche Bank put a catalyst call “buy” rating on the stock. The firm said investors are unenthusiastic about Honeywell, despite a recovery taking hold.9) Bristol-Myers Squibb(BMY) — Shares of the pharmaceutical company rose in the premarket about Truist upgraded Bristol-Myers Squibb to “buy” from “hold” with a $74 per share price target. The Wall Street firm said it likes Bristol-Myers Squibb’s drug pipeline.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327770010,"gmtCreate":1616130744030,"gmtModify":1634527073102,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Buy the dip 😁","listText":"Buy the dip 😁","text":"Buy the dip 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/327770010","repostId":"2120044193","repostType":2,"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379264112,"gmtCreate":1618748448036,"gmtModify":1634291123961,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Good night 😴","listText":"Good night 😴","text":"Good night 😴","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/379264112","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</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>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346475557,"gmtCreate":1618108124579,"gmtModify":1634294878156,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Diamond hands. Comment if yes 😉","listText":"Diamond hands. Comment if yes 😉","text":"Diamond hands. Comment if yes 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/346475557","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352823157,"gmtCreate":1616931759679,"gmtModify":1634523493008,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Like please 😃","listText":"Like please 😃","text":"Like please 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352823157","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","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":1616780260,"share":"https://www.laohu8.com/m/news/1141686975?lang=zh_CN&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><blockquote>知乎科技股价周五开盘价为每股8.02美元，比该公司9.5美元的IPO价格低约15.6%。知乎IPO价格处于区间低端，公司估值约为53亿美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p><blockquote>知乎公司周五宣布其首次公开募股定价为每股美国存托股9.50美元，处于预期区间的低端。这家总部位于中国的在线内容公司在IPO中发行了5500万份ADS，筹集了5.225亿美元，而该公司的定价约为53.1亿美元。</blockquote></p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><blockquote>知乎的商业模式与Quora相似，数百万人提问并交流他们的观点和经验。知乎已经成为国内最大的在线问答社区。</blockquote></p><p><b>Sales Breakdown</b></p><p><blockquote><b>销售明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。我们预计广告占收入的百分比将在未来五年内逐渐下降，因为它被更快增长的付费会员和内容商务解决方案所抵消。我们预计广告占销售额的百分比将在2021年下降至34.1%，在2025年下降至22.3%。</blockquote></p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。我们假设付费会员收入占总收入的百分比将在2021年和2025年分别增至31.5%和37.8%。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划。我们假设内容商务解决方案占总收入的百分比将从2020年的10%跃升至2021年的17.8%和2025年的32.3%。</blockquote></p><p><b>Gross Margins</b></p><p><blockquote><b>毛利率</b></blockquote></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><blockquote>在业务可扩展性整体提升的推动下，公司毛利率从2019年的46.6%提升至2020年的56.0%。我们假设毛利率在2021年和2025年进一步提高至57.4%和62.3%。</blockquote></p><p><b>Total Operating Expenses and Operating Margins</b></p><p><blockquote><b>总营业费用和营业利润率</b></blockquote></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><blockquote>总运营费用占收入的百分比由2019年的204.4%大幅下降至2020年的100.6%。我们预计这一比例将在2021年进一步提高至79%，2022年为69.2%，2025年为57.2%。运营费用的改善大部分来自未来五年SG&amp;A和R&amp;D费用占收入百分比的降低。</blockquote></p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Company Background</b></p><p><blockquote><b>公司背景</b></blockquote></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p><blockquote>2020年底，知乎累计有超过4310万内容创作者，贡献了3.15亿个问答。2020年第四季度，该公司平均月活跃用户为7570万，同比增长33%。该公司的关键优势之一是，它被公认为最值得信赖的在线内容社区之一，并被视为提供中国最优质的内容之一。知乎试图利用其庞大的用户群提供众多多媒体功能，包括直播、电子商务、在线教育和其他视频内容。</blockquote></p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p><blockquote>2019年8月，知乎获得了包括百度和快手科技在内的领先投资者4.34亿美元的融资，公司估值为35亿美元。鉴于该公司2019年的销售额为9700万美元，这意味着市盈率估值倍数为36倍。如果我们将相同的市盈率倍数应用于该公司2020年2.07亿美元的销售额，这将表明隐含估值为75亿美元。</blockquote></p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><blockquote>知乎最初是在2010年作为一个问答在线社区开发的。截至2020年底，共有3.15亿次问答，跨越1000多个垂直领域和57.1万个主题。按2020年平均移动月活跃用户数及收入计，知乎是中国五大综合在线内容社区之一。该公司使用人工智能、云和大数据算法来提高其内容和服务的优化。</blockquote></p><p><b>Major Shareholders of Zhihu</b></p><p><blockquote><b>知乎主要股东</b></blockquote></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><blockquote>创始人兼首席执行官周元拥有该公司8.2%的股份（但拥有46.6%的投票权）。创新工场拥有知乎13.1%的股份，腾讯控股控股有限公司拥有知乎12.3%的股份。</blockquote></p><p><b>Key Demographics</b></p><p><blockquote><b>关键人口统计</b></blockquote></p><p></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><blockquote>下图提供了知乎用户群的一些关键人口统计数据。男性用户占总用户的56.9%。30岁以下人群占其总用户群的78.7%。一线及新一线城市佔总用户群的52.6%。知乎的很多用户都是学生和白领专业人士。</blockquote></p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Revenue Breakdown</b></p><p><blockquote><b>收入明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。该公司的广告收入主要由其月活跃用户数和每个月活跃用户数的广告收入推动。2020年，公司月活跃用户数同比增长42.7%至6850万。该公司于2016年开始在线广告业务，并于2018年引入付费内容。</blockquote></p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。2020年，月均会员同比增长311.5%至236万，这证明越来越多的客户重视知乎上的优质内容。</blockquote></p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p><blockquote>2019年3月，公司推出Yan Selection会员计划，使其成为第一个基于付费的问答社区。它为会员提供了对约340万个付费内容的无限制访问，包括在线讲座、专栏、有声读物和电子期刊。这是该公司最大的优势之一，因为它显示了高质量的数据和内容如何能够产生大量收入，并且还提供了更稳定的每月收入流入。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划、为感兴趣的用户分配最相关的内容创作者以及促进内容创作。</blockquote></p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><blockquote>中国的内容商务解决方案市场预计将成为未来几年增长最快的行业之一。根据灼识谘询的资料，中国内容商务解决方案市场预期于2019年至2025年将享有46.4%的强劲复合年增长率（1,123亿元人民币）。</blockquote></p><p><b>Market Opportunities</b></p><p><blockquote><b>市场机会</b></blockquote></p><p><b>China’s Online Content Communities Market Size</b></p><p><blockquote><b>中国在线内容社区市场规模</b></blockquote></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p><blockquote>在线内容社区是指专注于UGC（用户生成内容）（包括PUGC（专业用户生成内容））的在线内容市场参与者，其中内容创作者也是用户，他们积极参与社区。与PGC（专业生成内容）玩家相比，内容社区通常可以激发更高水平的用户参与度、更具互动性的用户体验，并享受更低的内容成本。PGC是由品牌公司或组织创建的内容。</blockquote></p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p><blockquote>中国在线内容社区市场规模由2015年的386亿元人民币增至2019年的2758亿元人民币，预计将进一步增至2025年的1.3万亿元人民币，2019年至2025年的复合年增长率为30.3%，高于整体在线内容市场增长。</blockquote></p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p><blockquote>中国在线内容社区市场拥有更多元化的变现渠道，包括在线广告、付费会员、内容电商、内容电商解决方案、直播虚拟礼品、在线游戏及在线教育服务。相比之下，美国在线内容社区的变现主要是通过广告。</blockquote></p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><blockquote>该公司的一个主要积极因素是，越来越多的中国消费者愿意为更高质量的内容付费。预计2019年至2025年期间，中国在线内容社区的付费用户数量将以17.1%的复合年增长率增长，这意味着在线内容社区的额外付费用户将增加3.604亿至2025年的5.882亿。</blockquote></p><p><b>China's Online Content Market</b></p><p><blockquote><b>中国在线内容市场</b></blockquote></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><blockquote>中国在线内容市场较2015年增长两倍，2019年达到1.2万亿人民币。预计该市场将于2025年增至3.7万亿元人民币，2019年至2025年的复合年增长率为21.4%。</blockquote></p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容社区的市场规模（以收益计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>中国付费会员市场规模（以收入计），2015年至2025年（估计）</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Content-commerce solutions</b></p><p><blockquote><b>内容商务解决方案</b></blockquote></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><blockquote>为了提供整合营销服务，在线内容社区为内容创建、内容分发和内容转换提供内容商务解决方案。该公司提供综合内容商务解决方案，为商家和品牌的所有销售和营销需求提供一站式服务，从制定营销计划、促进内容创作、分配最相关的内容创作者，到向感兴趣的用户分发。中国内容商务解决方案市场预期将由2019年的人民币114亿元增长至2025年的人民币1123亿元，复合年增长率为46.4%。</blockquote></p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国内容商务解决方案市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-27 01:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><blockquote>知乎科技股价周五开盘价为每股8.02美元，比该公司9.5美元的IPO价格低约15.6%。知乎IPO价格处于区间低端，公司估值约为53亿美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p><blockquote>知乎公司周五宣布其首次公开募股定价为每股美国存托股9.50美元，处于预期区间的低端。这家总部位于中国的在线内容公司在IPO中发行了5500万份ADS，筹集了5.225亿美元，而该公司的定价约为53.1亿美元。</blockquote></p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><blockquote>知乎的商业模式与Quora相似，数百万人提问并交流他们的观点和经验。知乎已经成为国内最大的在线问答社区。</blockquote></p><p><b>Sales Breakdown</b></p><p><blockquote><b>销售明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。我们预计广告占收入的百分比将在未来五年内逐渐下降，因为它被更快增长的付费会员和内容商务解决方案所抵消。我们预计广告占销售额的百分比将在2021年下降至34.1%，在2025年下降至22.3%。</blockquote></p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。我们假设付费会员收入占总收入的百分比将在2021年和2025年分别增至31.5%和37.8%。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划。我们假设内容商务解决方案占总收入的百分比将从2020年的10%跃升至2021年的17.8%和2025年的32.3%。</blockquote></p><p><b>Gross Margins</b></p><p><blockquote><b>毛利率</b></blockquote></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><blockquote>在业务可扩展性整体提升的推动下，公司毛利率从2019年的46.6%提升至2020年的56.0%。我们假设毛利率在2021年和2025年进一步提高至57.4%和62.3%。</blockquote></p><p><b>Total Operating Expenses and Operating Margins</b></p><p><blockquote><b>总营业费用和营业利润率</b></blockquote></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><blockquote>总运营费用占收入的百分比由2019年的204.4%大幅下降至2020年的100.6%。我们预计这一比例将在2021年进一步提高至79%，2022年为69.2%，2025年为57.2%。运营费用的改善大部分来自未来五年SG&amp;A和R&amp;D费用占收入百分比的降低。</blockquote></p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Company Background</b></p><p><blockquote><b>公司背景</b></blockquote></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p><blockquote>2020年底，知乎累计有超过4310万内容创作者，贡献了3.15亿个问答。2020年第四季度，该公司平均月活跃用户为7570万，同比增长33%。该公司的关键优势之一是，它被公认为最值得信赖的在线内容社区之一，并被视为提供中国最优质的内容之一。知乎试图利用其庞大的用户群提供众多多媒体功能，包括直播、电子商务、在线教育和其他视频内容。</blockquote></p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p><blockquote>2019年8月，知乎获得了包括百度和快手科技在内的领先投资者4.34亿美元的融资，公司估值为35亿美元。鉴于该公司2019年的销售额为9700万美元，这意味着市盈率估值倍数为36倍。如果我们将相同的市盈率倍数应用于该公司2020年2.07亿美元的销售额，这将表明隐含估值为75亿美元。</blockquote></p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><blockquote>知乎最初是在2010年作为一个问答在线社区开发的。截至2020年底，共有3.15亿次问答，跨越1000多个垂直领域和57.1万个主题。按2020年平均移动月活跃用户数及收入计，知乎是中国五大综合在线内容社区之一。该公司使用人工智能、云和大数据算法来提高其内容和服务的优化。</blockquote></p><p><b>Major Shareholders of Zhihu</b></p><p><blockquote><b>知乎主要股东</b></blockquote></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><blockquote>创始人兼首席执行官周元拥有该公司8.2%的股份（但拥有46.6%的投票权）。创新工场拥有知乎13.1%的股份，腾讯控股控股有限公司拥有知乎12.3%的股份。</blockquote></p><p><b>Key Demographics</b></p><p><blockquote><b>关键人口统计</b></blockquote></p><p></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><blockquote>下图提供了知乎用户群的一些关键人口统计数据。男性用户占总用户的56.9%。30岁以下人群占其总用户群的78.7%。一线及新一线城市佔总用户群的52.6%。知乎的很多用户都是学生和白领专业人士。</blockquote></p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Revenue Breakdown</b></p><p><blockquote><b>收入明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。该公司的广告收入主要由其月活跃用户数和每个月活跃用户数的广告收入推动。2020年，公司月活跃用户数同比增长42.7%至6850万。该公司于2016年开始在线广告业务，并于2018年引入付费内容。</blockquote></p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。2020年，月均会员同比增长311.5%至236万，这证明越来越多的客户重视知乎上的优质内容。</blockquote></p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p><blockquote>2019年3月，公司推出Yan Selection会员计划，使其成为第一个基于付费的问答社区。它为会员提供了对约340万个付费内容的无限制访问，包括在线讲座、专栏、有声读物和电子期刊。这是该公司最大的优势之一，因为它显示了高质量的数据和内容如何能够产生大量收入，并且还提供了更稳定的每月收入流入。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划、为感兴趣的用户分配最相关的内容创作者以及促进内容创作。</blockquote></p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><blockquote>中国的内容商务解决方案市场预计将成为未来几年增长最快的行业之一。根据灼识谘询的资料，中国内容商务解决方案市场预期于2019年至2025年将享有46.4%的强劲复合年增长率（1,123亿元人民币）。</blockquote></p><p><b>Market Opportunities</b></p><p><blockquote><b>市场机会</b></blockquote></p><p><b>China’s Online Content Communities Market Size</b></p><p><blockquote><b>中国在线内容社区市场规模</b></blockquote></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p><blockquote>在线内容社区是指专注于UGC（用户生成内容）（包括PUGC（专业用户生成内容））的在线内容市场参与者，其中内容创作者也是用户，他们积极参与社区。与PGC（专业生成内容）玩家相比，内容社区通常可以激发更高水平的用户参与度、更具互动性的用户体验，并享受更低的内容成本。PGC是由品牌公司或组织创建的内容。</blockquote></p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p><blockquote>中国在线内容社区市场规模由2015年的386亿元人民币增至2019年的2758亿元人民币，预计将进一步增至2025年的1.3万亿元人民币，2019年至2025年的复合年增长率为30.3%，高于整体在线内容市场增长。</blockquote></p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p><blockquote>中国在线内容社区市场拥有更多元化的变现渠道，包括在线广告、付费会员、内容电商、内容电商解决方案、直播虚拟礼品、在线游戏及在线教育服务。相比之下，美国在线内容社区的变现主要是通过广告。</blockquote></p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><blockquote>该公司的一个主要积极因素是，越来越多的中国消费者愿意为更高质量的内容付费。预计2019年至2025年期间，中国在线内容社区的付费用户数量将以17.1%的复合年增长率增长，这意味着在线内容社区的额外付费用户将增加3.604亿至2025年的5.882亿。</blockquote></p><p><b>China's Online Content Market</b></p><p><blockquote><b>中国在线内容市场</b></blockquote></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><blockquote>中国在线内容市场较2015年增长两倍，2019年达到1.2万亿人民币。预计该市场将于2025年增至3.7万亿元人民币，2019年至2025年的复合年增长率为21.4%。</blockquote></p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容社区的市场规模（以收益计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>中国付费会员市场规模（以收入计），2015年至2025年（估计）</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Content-commerce solutions</b></p><p><blockquote><b>内容商务解决方案</b></blockquote></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><blockquote>为了提供整合营销服务，在线内容社区为内容创建、内容分发和内容转换提供内容商务解决方案。该公司提供综合内容商务解决方案，为商家和品牌的所有销售和营销需求提供一站式服务，从制定营销计划、促进内容创作、分配最相关的内容创作者，到向感兴趣的用户分发。中国内容商务解决方案市场预期将由2019年的人民币114亿元增长至2025年的人民币1123亿元，复合年增长率为46.4%。</blockquote></p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国内容商务解决方案市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1,"symbols_score_info":{"ZH":0.9}},"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323566872,"gmtCreate":1615356884996,"gmtModify":1703487824609,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323566872","repostId":"1195513345","repostType":4,"repost":{"id":"1195513345","kind":"news","pubTimestamp":1615356015,"share":"https://www.laohu8.com/m/news/1195513345?lang=zh_CN&edition=full","pubTime":"2021-03-10 14:00","market":"us","language":"en","title":"Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德(Cathie Wood)最喜欢的3只股票周二受到市场的大幅提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195513345","media":"Motley Fool","summary":"The active ETF manager got a big break from Wall Street.\n\nThe stock market soared on Tuesday, making","content":"<p>  <b>The active ETF manager got a big break from Wall Street.</b>  The stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)and the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.</p><p><blockquote><b>这位主动型ETF经理从华尔街获得了重大突破。</b>周二股市飙升，收复了许多投资者（尤其是那些关注美国高增长股票的投资者）艰难几周以来的失地。<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）。纳斯达克成功超越了<b>标普500</b>(SNPINDEX：^GSPC)和<b>道琼斯工业平均指数</b>(DJINDICES：^DJI)，但三者均收高，道指创下盘中新高，随后从盘中最佳水平回落。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c4f90c680b37bfb6ab2d8ce9d154a1b\" tg-width=\"803\" tg-height=\"249\">One of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.</p><p><blockquote>受纳斯达克指数下跌打击最严重的投资者之一凯西·伍德(Cathie Wood)是受欢迎基金公司ARK Invest的创始人兼首席投资官。在最近的市场调整之前，伍德的选股一直很热门。然而今天，她最喜欢的三只股票重新受到青睐，并出现了巨大的涨幅。</blockquote></p><p> <b>Squaring up</b></p><p><blockquote><b>摆平</b></blockquote></p><p> <b>Square</b>(NYSE:SQ)is Wood's largest holding in her<b>ARK Fintech Innovation ETF</b>(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.</p><p><blockquote><b>平方</b>（纽约证券交易所股票代码：SQ）是伍德最大的持股<b>方舟金融科技创新ETF</b>（纽约证券交易所代码：ARKF）。就在上个月，Square较近期高点下跌了25%以上，但该股周二上涨了12%。</blockquote></p><p> The case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.</p><p><blockquote>Square核心电子支付网络的理由是合理且易于理解的。该公司努力为各种规模的企业提供关键的金融服务。伍德还喜欢Square拥抱加密货币的方式，而不是回避它们作为传统支付系统颠覆者的潜在应用。</blockquote></p><p> Strategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.</p><p><blockquote>然而，像Square最近收购Tidal这样的战略举措需要更多的解释。Square首席执行官杰克·多西(Jack Dorsey)认为，创建一个与艺术家社区产生共鸣的生态系统具有增长潜力。目前尚不清楚这将如何发展，但它表明该公司愿意在令人惊讶的方向上冒险。</blockquote></p><p> <b>Looking healthier</b></p><p><blockquote><b>看起来更健康</b></blockquote></p><p> Meanwhile, in the<b>ARK Genomic Revolution ETF</b>(NYSEMKT:ARKG), you'll find<b>Teladoc Health</b>(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.</p><p><blockquote>与此同时，在<b>方舟基因组革命ETF</b>(NYSEMKT：ARKG)，您会发现<b>Teladoc健康</b>（纽约证券交易所股票代码：TDOC）为最大持股。Teladoc受到的打击更大，较上个月的高点下跌了约40%。但周二的涨幅为9%，弥补了部分损失。</blockquote></p><p> Investors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.</p><p><blockquote>投资者对受益于COVID-19大流行居家令的股票越来越谨慎。在大流行期间，Teladoc从一种便利变成了必需品，患者第一次看到了远程医疗的实际情况。一些人担心，当冠状病毒危机得到控制时，人们只会回到旧的做事方式，损害Teladoc的发展。</blockquote></p><p> That's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.</p><p><blockquote>这当然是可能的，但反对意见是，在看到远程医疗服务有多好后，患者可能会选择继续使用它们，即使他们不是绝对必要的。这使得远低于高点的股价看起来更具吸引力，为Teladoc的牛市提供了安全边际。</blockquote></p><p> <b>Revving its engines</b></p><p><blockquote><b>加速发动机</b></blockquote></p><p> Finally,&nbsp;<b>Tesla</b>(NASDAQ:TSLA)&nbsp;is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.<b>ARK Next Generation Internet ETF</b>(NYSEMKT:ARKW),<b>ARK Autonomous Technology &amp; Robotics ETF</b>(NYSEMKT:ARKQ), and the landmark<b>ARK Innovation ETF</b>(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.</p><p><blockquote>最后，<b>特斯拉</b>（纳斯达克股票代码：TSLA）是伍德迄今为止最喜欢的股票，因为它是三只不同ARK Invest基金的最大持股。<b>方舟下一代互联网ETF</b>（纽约证券交易所股票代码：ARKW），<b>ARK自主技术与机器人ETF</b>（NYSEMKT：ARKQ）和地标<b>方舟创新ETF</b>（NYSEMKT：ARKK）所有公司都以特斯拉为显着特征，多达10%的基金资产投资于这家电动汽车制造商的股票。特斯拉股价在最糟糕的时候下跌了约35%，但周二上涨了近20%，股价又上涨了110美元。</blockquote></p><p> One source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.</p><p><blockquote>对特斯拉持乐观态度的一个来源来自华尔街分析师。Wedbush发布了每股950美元的新目标价，较周一收盘价563美元上涨近70%。分析公司New Street将该股评级从中性上调至买入，目标价为900美元。两人都认为未来几年汽车制造商会有好处，包括更高的交付量和在中国等大市场的机会。</blockquote></p><p> Tesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.</p><p><blockquote>特斯拉承诺在可预见的未来仍将保持动荡。然而，伍德认为特斯拉处于自动驾驶和储能关键技术进步的前沿，这可能会使人们对该汽车制造商股票的兴趣长期保持高位。</blockquote></p><p> <b>Getting back on track</b></p><p><blockquote><b>回到正轨</b></blockquote></p><p> Obviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.</p><p><blockquote>显然，一天并不能说明任何投资的长期方向，今天的涨幅也没有把这三只股票最近几周遭受的所有损失都追回来。尽管如此，周二的反弹确实表明投资者仍然对进入伍德投资组合的公司充满信心，许多人完全预计Square、Teladoc和特斯拉的股价在未来很长一段时间内将进一步上涨。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德(Cathie Wood)最喜欢的3只股票周二受到市场的大幅提振</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德(Cathie Wood)最喜欢的3只股票周二受到市场的大幅提振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-10 14:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>The active ETF manager got a big break from Wall Street.</b>  The stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)and the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.</p><p><blockquote><b>这位主动型ETF经理从华尔街获得了重大突破。</b>周二股市飙升，收复了许多投资者（尤其是那些关注美国高增长股票的投资者）艰难几周以来的失地。<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）。纳斯达克成功超越了<b>标普500</b>(SNPINDEX：^GSPC)和<b>道琼斯工业平均指数</b>(DJINDICES：^DJI)，但三者均收高，道指创下盘中新高，随后从盘中最佳水平回落。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c4f90c680b37bfb6ab2d8ce9d154a1b\" tg-width=\"803\" tg-height=\"249\">One of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.</p><p><blockquote>受纳斯达克指数下跌打击最严重的投资者之一凯西·伍德(Cathie Wood)是受欢迎基金公司ARK Invest的创始人兼首席投资官。在最近的市场调整之前，伍德的选股一直很热门。然而今天，她最喜欢的三只股票重新受到青睐，并出现了巨大的涨幅。</blockquote></p><p> <b>Squaring up</b></p><p><blockquote><b>摆平</b></blockquote></p><p> <b>Square</b>(NYSE:SQ)is Wood's largest holding in her<b>ARK Fintech Innovation ETF</b>(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.</p><p><blockquote><b>平方</b>（纽约证券交易所股票代码：SQ）是伍德最大的持股<b>方舟金融科技创新ETF</b>（纽约证券交易所代码：ARKF）。就在上个月，Square较近期高点下跌了25%以上，但该股周二上涨了12%。</blockquote></p><p> The case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.</p><p><blockquote>Square核心电子支付网络的理由是合理且易于理解的。该公司努力为各种规模的企业提供关键的金融服务。伍德还喜欢Square拥抱加密货币的方式，而不是回避它们作为传统支付系统颠覆者的潜在应用。</blockquote></p><p> Strategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.</p><p><blockquote>然而，像Square最近收购Tidal这样的战略举措需要更多的解释。Square首席执行官杰克·多西(Jack Dorsey)认为，创建一个与艺术家社区产生共鸣的生态系统具有增长潜力。目前尚不清楚这将如何发展，但它表明该公司愿意在令人惊讶的方向上冒险。</blockquote></p><p> <b>Looking healthier</b></p><p><blockquote><b>看起来更健康</b></blockquote></p><p> Meanwhile, in the<b>ARK Genomic Revolution ETF</b>(NYSEMKT:ARKG), you'll find<b>Teladoc Health</b>(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.</p><p><blockquote>与此同时，在<b>方舟基因组革命ETF</b>(NYSEMKT：ARKG)，您会发现<b>Teladoc健康</b>（纽约证券交易所股票代码：TDOC）为最大持股。Teladoc受到的打击更大，较上个月的高点下跌了约40%。但周二的涨幅为9%，弥补了部分损失。</blockquote></p><p> Investors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.</p><p><blockquote>投资者对受益于COVID-19大流行居家令的股票越来越谨慎。在大流行期间，Teladoc从一种便利变成了必需品，患者第一次看到了远程医疗的实际情况。一些人担心，当冠状病毒危机得到控制时，人们只会回到旧的做事方式，损害Teladoc的发展。</blockquote></p><p> That's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.</p><p><blockquote>这当然是可能的，但反对意见是，在看到远程医疗服务有多好后，患者可能会选择继续使用它们，即使他们不是绝对必要的。这使得远低于高点的股价看起来更具吸引力，为Teladoc的牛市提供了安全边际。</blockquote></p><p> <b>Revving its engines</b></p><p><blockquote><b>加速发动机</b></blockquote></p><p> Finally,&nbsp;<b>Tesla</b>(NASDAQ:TSLA)&nbsp;is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.<b>ARK Next Generation Internet ETF</b>(NYSEMKT:ARKW),<b>ARK Autonomous Technology &amp; Robotics ETF</b>(NYSEMKT:ARKQ), and the landmark<b>ARK Innovation ETF</b>(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.</p><p><blockquote>最后，<b>特斯拉</b>（纳斯达克股票代码：TSLA）是伍德迄今为止最喜欢的股票，因为它是三只不同ARK Invest基金的最大持股。<b>方舟下一代互联网ETF</b>（纽约证券交易所股票代码：ARKW），<b>ARK自主技术与机器人ETF</b>（NYSEMKT：ARKQ）和地标<b>方舟创新ETF</b>（NYSEMKT：ARKK）所有公司都以特斯拉为显着特征，多达10%的基金资产投资于这家电动汽车制造商的股票。特斯拉股价在最糟糕的时候下跌了约35%，但周二上涨了近20%，股价又上涨了110美元。</blockquote></p><p> One source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.</p><p><blockquote>对特斯拉持乐观态度的一个来源来自华尔街分析师。Wedbush发布了每股950美元的新目标价，较周一收盘价563美元上涨近70%。分析公司New Street将该股评级从中性上调至买入，目标价为900美元。两人都认为未来几年汽车制造商会有好处，包括更高的交付量和在中国等大市场的机会。</blockquote></p><p> Tesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.</p><p><blockquote>特斯拉承诺在可预见的未来仍将保持动荡。然而，伍德认为特斯拉处于自动驾驶和储能关键技术进步的前沿，这可能会使人们对该汽车制造商股票的兴趣长期保持高位。</blockquote></p><p> <b>Getting back on track</b></p><p><blockquote><b>回到正轨</b></blockquote></p><p> Obviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.</p><p><blockquote>显然，一天并不能说明任何投资的长期方向，今天的涨幅也没有把这三只股票最近几周遭受的所有损失都追回来。尽管如此，周二的反弹确实表明投资者仍然对进入伍德投资组合的公司充满信心，许多人完全预计Square、Teladoc和特斯拉的股价在未来很长一段时间内将进一步上涨。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/09/why-cathie-woods-3-stock-favorites-got-a-big-boost/\">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":{"ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internet ETF","TDOC":"Teladoc Health Inc.","ARKF":"ARK Fintech Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKG":"ARK Genomic Revolution ETF","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/03/09/why-cathie-woods-3-stock-favorites-got-a-big-boost/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195513345","content_text":"The active ETF manager got a big break from Wall Street.\n\nThe stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in theNasdaq Composite(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both theS&P 500(SNPINDEX:^GSPC)and theDow Jones Industrial Average(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.\nOne of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.\nSquaring up\nSquare(NYSE:SQ)is Wood's largest holding in herARK Fintech Innovation ETF(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.\nThe case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.\nStrategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.\nLooking healthier\nMeanwhile, in theARK Genomic Revolution ETF(NYSEMKT:ARKG), you'll findTeladoc Health(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.\nInvestors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.\nThat's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.\nRevving its engines\nFinally, Tesla(NASDAQ:TSLA) is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.ARK Next Generation Internet ETF(NYSEMKT:ARKW),ARK Autonomous Technology & Robotics ETF(NYSEMKT:ARKQ), and the landmarkARK Innovation ETF(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.\nOne source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.\nTesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.\nGetting back on track\nObviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.","news_type":1,"symbols_score_info":{"ARKQ":0.9,"ARKW":0.9,"ARKF":0.9,"ARKK":0.9,"ARKG":0.9,"SQ":0.9,"TSLA":0.9,"TDOC":0.9}},"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149694675,"gmtCreate":1625720362197,"gmtModify":1633938016153,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/149694675","repostId":"2149313257","repostType":4,"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124566540,"gmtCreate":1624773429280,"gmtModify":1633948745072,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124566540","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109386239,"gmtCreate":1619664712121,"gmtModify":1634210883999,"author":{"id":"3575957444191428","authorId":"3575957444191428","name":"AngelFang","avatar":"https://static.tigerbbs.com/1bcf4932e01688693d640f06c376e449","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575957444191428","idStr":"3575957444191428"},"themes":[],"htmlText":"Comment please 😃","listText":"Comment please 😃","text":"Comment please 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/109386239","repostId":"1132578048","repostType":4,"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}