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2021-11-25

🚀

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2021-07-15

This article rambles on and has no point

Inflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</blockquote>

2021-06-20

Less is more

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2021-06-18

Wedge closing soon. Breakout !! 🚀🚀🚀

Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>

2021-06-16

Broke wedge. Up !

2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</blockquote>

2021-06-15

This is momentum play and not valuation

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2021-06-11

Inflation not in play yet

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2021-06-10

Wsb has been compromised

Anatomy Of A Short Squeeze: This Is How Hedge Funds Pounce On Retail Meme Stocks<blockquote>挤空剖析：这就是对冲基金抢购零售模因股票的方式</blockquote>

2021-06-10

Good for xop?

Why One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</blockquote>

2021-06-09

Meme is over. Too many stocks on wsb

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2021-06-08

Need to read Reddit everyday now

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2021-06-06

Bad timing

U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO<blockquote>美国 IPO 前一周：数字支付、心理健康服务等多元化 8 IPO</blockquote>

2021-06-03

Ouch 🤕

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2021-06-03

Damn I sold bb

Meme stocks are flying again in premarket trading<blockquote>模因股票在盘前交易中再次飙升</blockquote>

2021-06-02

Long term play

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2021-06-01

So fast included in index

JD Logistics rises on inclusion in Hang Seng Composite Index<blockquote>京东物流纳入恒生综合指数股价上涨</blockquote>

2021-05-31

Spce 🤞

5 Tech Stocks To Watch In June 2021<blockquote>2021 年 6 月值得关注的 5 只科技股</blockquote>

2021-05-31

Lulu 💪

Zoom, Lululemon, Canopy Growth and Other Stocks for Investors to See This Week<blockquote>Zoom、Lululemon、Canopy Growth 和其他投资者本周值得关注的股票</blockquote>

2021-05-28

$BB 🚀🚀🚀

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2021-05-27

What’s the price target

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article rambles on and has no point&nbsp;","listText":"This article rambles on and has no point&nbsp;","text":"This article rambles on and has no point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147993785","repostId":"1122873304","repostType":4,"repost":{"id":"1122873304","kind":"news","pubTimestamp":1626320892,"share":"https://www.laohunote.com/m/news/1122873304?lang=zh_CN&edition=full","pubTime":"2021-07-15 11:48","market":"us","language":"en","title":"Inflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122873304","media":"zerohedge","summary":"“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”“Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”…The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.I should warn readers this morning’","content":"<p><i>“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”</i></p><p><blockquote><i>“人所做的恶事会留在他们身后；善良的人往往会和他们的骸骨一起埋葬；凯撒也是如此。”</i></blockquote></p><p> <b><i>What Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.</i></b></p><p><blockquote><b><i>什么通货膨胀？“哦，这没什么好担心的，央行别无选择，只能继续刺激市场”.市场过于关注短期，忽视了过去 10 年量化宽松政策、货币实验和宽松利率带来的后果，以至于陷入了下一场危机。通货膨胀很重要，已经从金融资产跳到了实体经济。</i></b></blockquote></p><p> <i>I should warn readers this morning’s porridge is going to be yet another of my irregular notes on how the Global Financial Crisis (“GFC”) which began in 2007 is still with us.. We’re just moving on to a new stage… Enjoy Chapter 384 of&nbsp;The Fall of Money – The GFC: 2007-2031.</i></p><p><blockquote><i>我应该警告读者，今天早上的粥将是我关于始于 2007 年的全球金融危机（“GFC”）至今仍伴随着我们的又一次不定期的笔记。我们刚刚进入一个新的阶段.请欣赏《金钱的陨落》第 384 章--GFC：2007-2031。</i></blockquote></p><p> This morning – What inflation?</p><p><blockquote>今天早上——什么通货膨胀？</blockquote></p><p> Huh? Last week the market convinced itself inflation&nbsp;<i><u>apparently</u></i>wasn’t an issue. Yield curves flattened, bonds tightened, and even though stocks were anticipating the best-ever-earnings-season, there was&nbsp;<i><u>absolutely</u></i>&nbsp;nothing to worry about in terms of rising prices… Apparently…</p><p><blockquote>嗯？上周市场确信通货膨胀<i><u>显然</u></i>不是问题。收益率曲线趋平，债券收紧，尽管股市预计将迎来有史以来最好的财报季，但<i><u>绝对地</u></i>就价格上涨而言，没什么好担心的……显然……</blockquote></p><p> <b>Apparently</b>and&nbsp;<b>Absolutely</b>&nbsp;are two very dangerous words in finance… They raise the likelihood you’ve got it completely wrong, ie:&nbsp;<i>Apparently</i>&nbsp;you couldn’t lose, but you did… Returns were&nbsp;<i>Absolutely</i>guaranteed.. till the company went burst.</p><p><blockquote><b>显然</b>和<b>绝对地</b>在金融领域，这两个词非常危险.它们会增加你完全搞错的可能性，即：<i>显然</i>你不可能输，但你输了……回报是<i>绝对地</i>保证..直到公司倒闭。</blockquote></p><p> As we’ve learn’t this morning UK Inflation has risen to 2.5% – raising the prospect of a letter from the Bank explaining why. The headline US CPI data yesterday was even stronger – 5.4% yoy, and 0.9% over the last month! That’s not quite Zimbabwe but… you get the drift… When it happens in Europe… well the Germans are going to have a monumental hissy fit. (Top investment tip: stay long wheelbarrows.)</p><p><blockquote>正如我们今天上午所了解到的那样，英国通胀率已升至 2.5%，这增加了英国央行发函解释原因的可能性。昨天的美国CPI数据更加强劲——同比上涨5.4%，上个月上涨0.9%!这不完全是津巴布韦，但是.当这种情况发生在欧洲时.德国人将会大发雷霆。（顶级投资提示：保持手推车做多。）</blockquote></p><p> Inflation matters. Its critical to bonds and long-term returns. The market should look like it’s been slapped with the Wet-Halibut of Rampant Inflation, but, it doesn’t seem to have learnt the lesson. This morning, the financial-commentariat is awash with analysis of how the Fed, BoE and ECB will all hold off from any hint of “taper” response to inflation, in order to keep frothy markets from collapsing.</p><p><blockquote>通货膨胀很重要。它对债券和长期回报至关重要。市场看起来应该像是被通货膨胀猖獗的湿比目鱼打了一巴掌，但它似乎并没有吸取教训。今天上午，财经评论员们纷纷分析美联储、英国央行和欧洲央行将如何抵制任何 “缩减 ”通胀应对措施的暗示，以防止泡沫市场崩溃。</blockquote></p><p> Fed-Watching used to be the delicate art of understanding the indecipherable nuances of Fed-Speak, forensically dissecting the commentary and numbers and drawing conclusions based on a clear understanding of what was left unsaid and the Fed’s mandate.</p><p><blockquote>观察美联储曾经是一门微妙的艺术，它可以理解美联储言论中难以捉摸的细微差别，对评论和数字进行法医解剖，并在清楚地了解没有说出口的内容和美联储的任务的基础上得出结论。</blockquote></p><p> Not today.</p><p><blockquote>今天不行。</blockquote></p><p> Fed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin.</p><p><blockquote>美联储今天关注的是理解杰罗姆-鲍威尔（Jerome Powell）和他的快乐团伙现在是如何被束缚住了，因为他们不在加息、缩减规模言论或做任何可能放松他们过去12年来所做的事情--用无限制的量化宽松、不适当的利率、监管和旋转来刺激市场。</blockquote></p><p> <b>The brutal reality is the Central Bankers,&nbsp;</b><b><i>who are all honourable men and women</i></b><b>, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow.. which means trouble ahead until the global financial system can be resolved.</b></p><p><blockquote><b>残酷的现实是央行行长，</b><b><i>都是可敬的男男女女</i></b><b>理解他们拉动的杠杆不再像以前那样发挥作用。为什么？这些可敬的男男女女因为他们的行为打破了这个体系。哎呀。现在他们别无选择，只能跟随..这意味着在全球金融体系得到解决之前，未来会有麻烦。</b></blockquote></p><p> The start reality is Central Banks have no answer to inflation except to hope and carry on. They are caught between the Scylla of Inflation and the Charybdis of a market collapse. Eek! Which is why so many analysts are confident the markets will win out and keep going higher – because central banks have little choice but to go with it and keep up the stimulus.</p><p><blockquote>最初的现实是，央行除了希望和继续前进之外，对通货膨胀没有答案。他们被夹在通货膨胀的锡拉和市场崩溃的卡律布狄斯之间。哎呀!这就是为什么如此多的分析师相信市场将胜出并继续走高——因为央行别无选择，只能顺其自然并继续刺激。</blockquote></p><p> <b>Most of the market is fixated on what the S&amp;P does this afternoon, what new high the NASDAQ will make this month, or where Amazon is going to top this quarter. They have the vision of a blind man when it comes to anything much beyond the end of their one-year time horizon. Even the bond market seems blind.</b></p><p><blockquote><b>大多数市场都关注标准普尔今天下午的表现、纳斯达克本月将创下什么新高，或者亚马逊本季度将在哪里名列前茅。当涉及到任何远远超出他们一年时间范围的事情时，他们有盲人的视力。就连债券市场似乎也是盲目的。</b></blockquote></p><p> The reality is investment should be about the long term. If you ignore the future in favour of short-term gains its makes it very easy to dismiss the evidence… that inflation is actually a very, very real issue..</p><p><blockquote>现实是投资应该是长期的。如果你为了短期收益而忽视未来，这就很容易忽视通货膨胀实际上是一个非常非常真实的问题..</blockquote></p><p> Lots of smart non-financial assets funds do understand that, and see just how horribly distorted markets have become. That’s why they are so keen to diversify out of corrupted financial assets and into real assets – the hot part of the market (and what I’ve been doing in Alternative Assets for the last 12 years.)</p><p><blockquote>许多聪明的非金融资产基金确实明白这一点，并且看到了市场已经变得多么可怕的扭曲。这就是为什么他们如此热衷于多元化投资，摆脱腐败的金融资产，转而投资实物资产--这是市场的热点（也是我过去 12 年来一直在做的另类资产）。</blockquote></p><p></p><p> Going back to inflation, the outlook is complex – another reason such a large part of the financial blogosphere is ignoring it. For instance; it’s possible to argue the rise in commodity prices is a factor of hoarding; manufacturers anticipating a surge Covid recovery and preparing for massive post-pandemic demand. The spikes in commodities from Copper to Lumber are now in reverse – supporting the market’s contention the inflation number is something of an overshoot.</p><p><blockquote>回到通货膨胀，前景是复杂的——这是金融博客圈如此大一部分人忽视它的另一个原因。例如；可以说，大宗商品价格上涨是囤积的一个因素；制造商预计新冠疫情将大幅复苏，并为大流行后的大规模需求做好准备。从铜到木材等大宗商品的飙升现在发生了逆转--这支持了市场关于通胀数字有点超调的论点。</blockquote></p><p> <b>Oil is an outlier.</b>OPEC is a monopoly price setter, but is going through yet another of its periodic organisational crisis resulting in a spike that’s proving difficult to hedge. Owning oil is not a pleasant outcome for anyone – as we saw last year when traders found themselves owning negative priced oil when storage was unavailable.</p><p><blockquote><b>石油是个例外。</b>欧佩克是一个垄断性的价格制定者，但它正在经历另一场周期性的组织危机，导致价格飙升，事实证明很难对冲。拥有石油对任何人来说都不是一个令人愉快的结果——正如我们去年看到的那样，当交易员发现自己在无法储存的情况下拥有负价格的石油。</blockquote></p><p> Some of the important underlying trends in the economy – like used cars, where prices are rising. It hints that its details of specific inflation factors in each price that are important. Cars are a good example – we’re all aware of the global shortage of chips enabling car makers to cut production and create scarcity, pushing up new car prices, dragging second hand values higher as consumers seek alternatives. &nbsp;On the other hand – new car prices have been rising for years, with higher costs “justified” by the increasing amount of tech junk put into cars.. As the EU announces it will outlaw new ICE (internal combustion engine) vehicles by 2040, I wonder if we are going to see a new counter-trend develop.</p><p><blockquote>经济中一些重要的潜在趋势——比如价格上涨的二手车。它暗示，每个价格中的具体通胀因素的细节很重要。汽车就是一个很好的例子--我们都知道全球芯片短缺，这使得汽车制造商不得不削减产量，造成短缺，推高了新车价格，随着消费者寻求替代品，推高了二手车的价值。另一方面，新车价格多年来一直在上涨，而汽车中投入的科技垃圾数量不断增加，从而“证明”了更高的成本。随着欧盟宣布到 2040 年将取缔新的 ICE（内燃机）汽车，我想知道我们是否会看到新的反趋势发展。</blockquote></p><p> To explain, consider the Land Rover:</p><p><blockquote>要解释这一点，请考虑路虎：</blockquote></p><p> <ul>  <li>A 10 year-old low milage, full service history, Range Rover in immaculate condition may be worth £16k. A 20 year battered Defender with zero documents is worth £32k! But you can fix it with Gaffa Tape, WD40 and a hammer. (If it moves and shouldn’t: Gaffa tape it. If it still moves; more Gaffa tape. If it doesn’t move: WD40 and persuade it with a hammer.)</li> </ul> <b>However, inflation complacency may be the least of Central Bank worries. You may have spotted an increasing number of breathless articles from around the globe on House Price Inflation.</b></p><p><blockquote><ul><li>一辆 10 年的低里程、完整的服务历史、状况良好的路虎揽胜可能价值 16,000 英镑。一个被打了20年，没有证件的后卫值3.2万英镑!但是你可以用Gaffa胶带、WD40和锤子来修理。（如果它移动但不应该移动：用 Gaffa 胶带粘住它。如果它仍然移动，则用 Gaffa 胶带粘住它。如果它不动：WD40，并用锤子劝说它。）</li></ul><b>然而，通胀自满情绪可能是央行最不担心的。你可能已经发现了越来越多来自世界各地的关于房价通胀的令人窒息的文章。</b></blockquote></p><p> Everywhere on the planet the affluent classes – those with savings, who’ve done well from lockdown, and already on the property ladder – have been driving an uptick in property. Its debt fuelled and an illiquid market – no one sells till they see what they want to buy, and the ladder is actually a pyramid, with fewer assets on each successively higher rung.</p><p><blockquote>在全球范围内，富裕阶层--那些有积蓄、在封锁后表现良好、已经在房地产阶梯上的富裕阶层--一直在推动房地产价格的上涨。它的债务助长了一个缺乏流动性的市场——在看到自己想买什么之前，没有人会出售，而这个阶梯实际上是一个金字塔，每一级的资产都越来越少。</blockquote></p><p> The result is record home prices nearly everywhere. This week Powell and US Treasury Sec Janet Yellen are going to chat about it at the Financial Stability Oversight Council – a body setup post Global Financial Crisis (“GFC”) in 2010 to identify excessive risks to the US Financial System. About time.. Housing is more frothy than 2007 according to the Case-Shiller US property value index. (Incidentally… so is just about any other market…but, I;ve said that many times before..)</p><p><blockquote>结果是几乎所有地方的房价都创下了历史新高。本周，鲍威尔和美国财政部长珍妮特-耶伦（Janet Yellen）将在金融稳定监督委员会（Financial Stability Oversight Council）上讨论这个问题。关于时间..根据凯斯-席勒美国房地产价值指数，房地产泡沫比2007年更大。（顺便说一句……其他市场也是如此……但是，我以前已经说过很多次了……）</blockquote></p><p> Rightly, Janet and Jerome are concerned a second housing bubble bursting could shake the foundations of finance… again. However, this time will be different. The housing market is not vulnerable to a massive number of low-credit-score mortgagees defaulting, but to a large number of affluent middle classes suddenly finding themselves financial stretched, on a rung of the ladder they can’t afford, and sitting on negative equity when the bubble bursts.</p><p><blockquote>珍妮特和杰罗姆理所当然地担心第二次房地产泡沫破裂可能会再次动摇金融的基础。然而，这一次会有所不同。房地产市场并不容易受到大量低信用评分抵押贷款者违约的影响，而是容易受到大量富裕中产阶级突然发现自己财务捉襟见肘、无力承担的阶梯上的影响，并在泡沫破裂时坐在负资产上。</blockquote></p><p> In the UK, we live with negative equity. In the US, you walk away. Whatever, these consumers consume less.</p><p><blockquote>在英国，我们生活在负资产中。在美国，你走开。不管怎样，这些消费者消费更少。</blockquote></p><p> The structure of the market has also changed. Banks don’t lend anymore. They broke their risks off to the investment sector. In the case of US mortgages – back to government through the Mortgage Backed Bond buyback schemes, and to the non-bank financial institutions than now finance, originate and service mortgages…</p><p><blockquote>市场的结构也发生了变化。银行不再放贷。他们把风险分摊给了投资部门。就美国抵押贷款而言——通过抵押贷款支持债券回购计划回归政府，并回归非银行金融机构，而不是现在为抵押贷款融资、发放和服务……</blockquote></p><p> <b>This is going to be the really big problem of the next stage of the Global Financial Crisis 2007-2031.</b>Real Assets! Smart money has been loading up on real assets on the basis they are decorrelated from the increasingly corrupted financial asset sector, but they reality is real assets from property, private equity, secured lending, aircraft, shipping, you-name-it, is now getting just as frothy as a result of all that inflation tied up in financial assets now spilling into the real economy…</p><p><blockquote><b>这将是2007-2031年全球金融危机下一阶段真正的大问题。</b>真实资产!聪明的资金一直在大量购买实物资产，因为它们与日益腐败的金融资产行业脱钩，但它们的现实是来自房地产、私募股权、担保贷款、飞机、航运等等的实物资产，现在变得同样泡沫化，因为所有与金融资产相关的通货膨胀现在蔓延到实体经济中……</blockquote></p><p> <b>Financial Asset Inflation has infected the real economy….</b></p><p><blockquote><b>金融资产通胀已经感染了实体经济…</b></blockquote></p><p> Time to think again… All these honourable men and women in Central Banks must dread Caesar’s ghost coming back to haunt the monetary experiment they started in 2010 going so badly wrong…</p><p><blockquote>是时候重新思考了.中央银行所有这些可敬的男男女女一定害怕凯撒的幽灵会卷土重来，困扰他们在 2010 年开始的货币实验，结果出了如此严重的差错.....</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>Inflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</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\">\nInflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-15 11:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”</i></p><p><blockquote><i>“人所做的恶事会留在他们身后；善良的人往往会和他们的骸骨一起埋葬；凯撒也是如此。”</i></blockquote></p><p> <b><i>What Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.</i></b></p><p><blockquote><b><i>什么通货膨胀？“哦，这没什么好担心的，央行别无选择，只能继续刺激市场”.市场过于关注短期，忽视了过去 10 年量化宽松政策、货币实验和宽松利率带来的后果，以至于陷入了下一场危机。通货膨胀很重要，已经从金融资产跳到了实体经济。</i></b></blockquote></p><p> <i>I should warn readers this morning’s porridge is going to be yet another of my irregular notes on how the Global Financial Crisis (“GFC”) which began in 2007 is still with us.. We’re just moving on to a new stage… Enjoy Chapter 384 of&nbsp;The Fall of Money – The GFC: 2007-2031.</i></p><p><blockquote><i>我应该警告读者，今天早上的粥将是我关于始于 2007 年的全球金融危机（“GFC”）至今仍伴随着我们的又一次不定期的笔记。我们刚刚进入一个新的阶段.请欣赏《金钱的陨落》第 384 章--GFC：2007-2031。</i></blockquote></p><p> This morning – What inflation?</p><p><blockquote>今天早上——什么通货膨胀？</blockquote></p><p> Huh? Last week the market convinced itself inflation&nbsp;<i><u>apparently</u></i>wasn’t an issue. Yield curves flattened, bonds tightened, and even though stocks were anticipating the best-ever-earnings-season, there was&nbsp;<i><u>absolutely</u></i>&nbsp;nothing to worry about in terms of rising prices… Apparently…</p><p><blockquote>嗯？上周市场确信通货膨胀<i><u>显然</u></i>不是问题。收益率曲线趋平，债券收紧，尽管股市预计将迎来有史以来最好的财报季，但<i><u>绝对地</u></i>就价格上涨而言，没什么好担心的……显然……</blockquote></p><p> <b>Apparently</b>and&nbsp;<b>Absolutely</b>&nbsp;are two very dangerous words in finance… They raise the likelihood you’ve got it completely wrong, ie:&nbsp;<i>Apparently</i>&nbsp;you couldn’t lose, but you did… Returns were&nbsp;<i>Absolutely</i>guaranteed.. till the company went burst.</p><p><blockquote><b>显然</b>和<b>绝对地</b>在金融领域，这两个词非常危险.它们会增加你完全搞错的可能性，即：<i>显然</i>你不可能输，但你输了……回报是<i>绝对地</i>保证..直到公司倒闭。</blockquote></p><p> As we’ve learn’t this morning UK Inflation has risen to 2.5% – raising the prospect of a letter from the Bank explaining why. The headline US CPI data yesterday was even stronger – 5.4% yoy, and 0.9% over the last month! That’s not quite Zimbabwe but… you get the drift… When it happens in Europe… well the Germans are going to have a monumental hissy fit. (Top investment tip: stay long wheelbarrows.)</p><p><blockquote>正如我们今天上午所了解到的那样，英国通胀率已升至 2.5%，这增加了英国央行发函解释原因的可能性。昨天的美国CPI数据更加强劲——同比上涨5.4%，上个月上涨0.9%!这不完全是津巴布韦，但是.当这种情况发生在欧洲时.德国人将会大发雷霆。（顶级投资提示：保持手推车做多。）</blockquote></p><p> Inflation matters. Its critical to bonds and long-term returns. The market should look like it’s been slapped with the Wet-Halibut of Rampant Inflation, but, it doesn’t seem to have learnt the lesson. This morning, the financial-commentariat is awash with analysis of how the Fed, BoE and ECB will all hold off from any hint of “taper” response to inflation, in order to keep frothy markets from collapsing.</p><p><blockquote>通货膨胀很重要。它对债券和长期回报至关重要。市场看起来应该像是被通货膨胀猖獗的湿比目鱼打了一巴掌，但它似乎并没有吸取教训。今天上午，财经评论员们纷纷分析美联储、英国央行和欧洲央行将如何抵制任何 “缩减 ”通胀应对措施的暗示，以防止泡沫市场崩溃。</blockquote></p><p> Fed-Watching used to be the delicate art of understanding the indecipherable nuances of Fed-Speak, forensically dissecting the commentary and numbers and drawing conclusions based on a clear understanding of what was left unsaid and the Fed’s mandate.</p><p><blockquote>观察美联储曾经是一门微妙的艺术，它可以理解美联储言论中难以捉摸的细微差别，对评论和数字进行法医解剖，并在清楚地了解没有说出口的内容和美联储的任务的基础上得出结论。</blockquote></p><p> Not today.</p><p><blockquote>今天不行。</blockquote></p><p> Fed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin.</p><p><blockquote>美联储今天关注的是理解杰罗姆-鲍威尔（Jerome Powell）和他的快乐团伙现在是如何被束缚住了，因为他们不在加息、缩减规模言论或做任何可能放松他们过去12年来所做的事情--用无限制的量化宽松、不适当的利率、监管和旋转来刺激市场。</blockquote></p><p> <b>The brutal reality is the Central Bankers,&nbsp;</b><b><i>who are all honourable men and women</i></b><b>, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow.. which means trouble ahead until the global financial system can be resolved.</b></p><p><blockquote><b>残酷的现实是央行行长，</b><b><i>都是可敬的男男女女</i></b><b>理解他们拉动的杠杆不再像以前那样发挥作用。为什么？这些可敬的男男女女因为他们的行为打破了这个体系。哎呀。现在他们别无选择，只能跟随..这意味着在全球金融体系得到解决之前，未来会有麻烦。</b></blockquote></p><p> The start reality is Central Banks have no answer to inflation except to hope and carry on. They are caught between the Scylla of Inflation and the Charybdis of a market collapse. Eek! Which is why so many analysts are confident the markets will win out and keep going higher – because central banks have little choice but to go with it and keep up the stimulus.</p><p><blockquote>最初的现实是，央行除了希望和继续前进之外，对通货膨胀没有答案。他们被夹在通货膨胀的锡拉和市场崩溃的卡律布狄斯之间。哎呀!这就是为什么如此多的分析师相信市场将胜出并继续走高——因为央行别无选择，只能顺其自然并继续刺激。</blockquote></p><p> <b>Most of the market is fixated on what the S&amp;P does this afternoon, what new high the NASDAQ will make this month, or where Amazon is going to top this quarter. They have the vision of a blind man when it comes to anything much beyond the end of their one-year time horizon. Even the bond market seems blind.</b></p><p><blockquote><b>大多数市场都关注标准普尔今天下午的表现、纳斯达克本月将创下什么新高，或者亚马逊本季度将在哪里名列前茅。当涉及到任何远远超出他们一年时间范围的事情时，他们有盲人的视力。就连债券市场似乎也是盲目的。</b></blockquote></p><p> The reality is investment should be about the long term. If you ignore the future in favour of short-term gains its makes it very easy to dismiss the evidence… that inflation is actually a very, very real issue..</p><p><blockquote>现实是投资应该是长期的。如果你为了短期收益而忽视未来，这就很容易忽视通货膨胀实际上是一个非常非常真实的问题..</blockquote></p><p> Lots of smart non-financial assets funds do understand that, and see just how horribly distorted markets have become. That’s why they are so keen to diversify out of corrupted financial assets and into real assets – the hot part of the market (and what I’ve been doing in Alternative Assets for the last 12 years.)</p><p><blockquote>许多聪明的非金融资产基金确实明白这一点，并且看到了市场已经变得多么可怕的扭曲。这就是为什么他们如此热衷于多元化投资，摆脱腐败的金融资产，转而投资实物资产--这是市场的热点（也是我过去 12 年来一直在做的另类资产）。</blockquote></p><p></p><p> Going back to inflation, the outlook is complex – another reason such a large part of the financial blogosphere is ignoring it. For instance; it’s possible to argue the rise in commodity prices is a factor of hoarding; manufacturers anticipating a surge Covid recovery and preparing for massive post-pandemic demand. The spikes in commodities from Copper to Lumber are now in reverse – supporting the market’s contention the inflation number is something of an overshoot.</p><p><blockquote>回到通货膨胀，前景是复杂的——这是金融博客圈如此大一部分人忽视它的另一个原因。例如；可以说，大宗商品价格上涨是囤积的一个因素；制造商预计新冠疫情将大幅复苏，并为大流行后的大规模需求做好准备。从铜到木材等大宗商品的飙升现在发生了逆转--这支持了市场关于通胀数字有点超调的论点。</blockquote></p><p> <b>Oil is an outlier.</b>OPEC is a monopoly price setter, but is going through yet another of its periodic organisational crisis resulting in a spike that’s proving difficult to hedge. Owning oil is not a pleasant outcome for anyone – as we saw last year when traders found themselves owning negative priced oil when storage was unavailable.</p><p><blockquote><b>石油是个例外。</b>欧佩克是一个垄断性的价格制定者，但它正在经历另一场周期性的组织危机，导致价格飙升，事实证明很难对冲。拥有石油对任何人来说都不是一个令人愉快的结果——正如我们去年看到的那样，当交易员发现自己在无法储存的情况下拥有负价格的石油。</blockquote></p><p> Some of the important underlying trends in the economy – like used cars, where prices are rising. It hints that its details of specific inflation factors in each price that are important. Cars are a good example – we’re all aware of the global shortage of chips enabling car makers to cut production and create scarcity, pushing up new car prices, dragging second hand values higher as consumers seek alternatives. &nbsp;On the other hand – new car prices have been rising for years, with higher costs “justified” by the increasing amount of tech junk put into cars.. As the EU announces it will outlaw new ICE (internal combustion engine) vehicles by 2040, I wonder if we are going to see a new counter-trend develop.</p><p><blockquote>经济中一些重要的潜在趋势——比如价格上涨的二手车。它暗示，每个价格中的具体通胀因素的细节很重要。汽车就是一个很好的例子--我们都知道全球芯片短缺，这使得汽车制造商不得不削减产量，造成短缺，推高了新车价格，随着消费者寻求替代品，推高了二手车的价值。另一方面，新车价格多年来一直在上涨，而汽车中投入的科技垃圾数量不断增加，从而“证明”了更高的成本。随着欧盟宣布到 2040 年将取缔新的 ICE（内燃机）汽车，我想知道我们是否会看到新的反趋势发展。</blockquote></p><p> To explain, consider the Land Rover:</p><p><blockquote>要解释这一点，请考虑路虎：</blockquote></p><p> <ul>  <li>A 10 year-old low milage, full service history, Range Rover in immaculate condition may be worth £16k. A 20 year battered Defender with zero documents is worth £32k! But you can fix it with Gaffa Tape, WD40 and a hammer. (If it moves and shouldn’t: Gaffa tape it. If it still moves; more Gaffa tape. If it doesn’t move: WD40 and persuade it with a hammer.)</li> </ul> <b>However, inflation complacency may be the least of Central Bank worries. You may have spotted an increasing number of breathless articles from around the globe on House Price Inflation.</b></p><p><blockquote><ul><li>一辆 10 年的低里程、完整的服务历史、状况良好的路虎揽胜可能价值 16,000 英镑。一个被打了20年，没有证件的后卫值3.2万英镑!但是你可以用Gaffa胶带、WD40和锤子来修理。（如果它移动但不应该移动：用 Gaffa 胶带粘住它。如果它仍然移动，则用 Gaffa 胶带粘住它。如果它不动：WD40，并用锤子劝说它。）</li></ul><b>然而，通胀自满情绪可能是央行最不担心的。你可能已经发现了越来越多来自世界各地的关于房价通胀的令人窒息的文章。</b></blockquote></p><p> Everywhere on the planet the affluent classes – those with savings, who’ve done well from lockdown, and already on the property ladder – have been driving an uptick in property. Its debt fuelled and an illiquid market – no one sells till they see what they want to buy, and the ladder is actually a pyramid, with fewer assets on each successively higher rung.</p><p><blockquote>在全球范围内，富裕阶层--那些有积蓄、在封锁后表现良好、已经在房地产阶梯上的富裕阶层--一直在推动房地产价格的上涨。它的债务助长了一个缺乏流动性的市场——在看到自己想买什么之前，没有人会出售，而这个阶梯实际上是一个金字塔，每一级的资产都越来越少。</blockquote></p><p> The result is record home prices nearly everywhere. This week Powell and US Treasury Sec Janet Yellen are going to chat about it at the Financial Stability Oversight Council – a body setup post Global Financial Crisis (“GFC”) in 2010 to identify excessive risks to the US Financial System. About time.. Housing is more frothy than 2007 according to the Case-Shiller US property value index. (Incidentally… so is just about any other market…but, I;ve said that many times before..)</p><p><blockquote>结果是几乎所有地方的房价都创下了历史新高。本周，鲍威尔和美国财政部长珍妮特-耶伦（Janet Yellen）将在金融稳定监督委员会（Financial Stability Oversight Council）上讨论这个问题。关于时间..根据凯斯-席勒美国房地产价值指数，房地产泡沫比2007年更大。（顺便说一句……其他市场也是如此……但是，我以前已经说过很多次了……）</blockquote></p><p> Rightly, Janet and Jerome are concerned a second housing bubble bursting could shake the foundations of finance… again. However, this time will be different. The housing market is not vulnerable to a massive number of low-credit-score mortgagees defaulting, but to a large number of affluent middle classes suddenly finding themselves financial stretched, on a rung of the ladder they can’t afford, and sitting on negative equity when the bubble bursts.</p><p><blockquote>珍妮特和杰罗姆理所当然地担心第二次房地产泡沫破裂可能会再次动摇金融的基础。然而，这一次会有所不同。房地产市场并不容易受到大量低信用评分抵押贷款者违约的影响，而是容易受到大量富裕中产阶级突然发现自己财务捉襟见肘、无力承担的阶梯上的影响，并在泡沫破裂时坐在负资产上。</blockquote></p><p> In the UK, we live with negative equity. In the US, you walk away. Whatever, these consumers consume less.</p><p><blockquote>在英国，我们生活在负资产中。在美国，你走开。不管怎样，这些消费者消费更少。</blockquote></p><p> The structure of the market has also changed. Banks don’t lend anymore. They broke their risks off to the investment sector. In the case of US mortgages – back to government through the Mortgage Backed Bond buyback schemes, and to the non-bank financial institutions than now finance, originate and service mortgages…</p><p><blockquote>市场的结构也发生了变化。银行不再放贷。他们把风险分摊给了投资部门。就美国抵押贷款而言——通过抵押贷款支持债券回购计划回归政府，并回归非银行金融机构，而不是现在为抵押贷款融资、发放和服务……</blockquote></p><p> <b>This is going to be the really big problem of the next stage of the Global Financial Crisis 2007-2031.</b>Real Assets! Smart money has been loading up on real assets on the basis they are decorrelated from the increasingly corrupted financial asset sector, but they reality is real assets from property, private equity, secured lending, aircraft, shipping, you-name-it, is now getting just as frothy as a result of all that inflation tied up in financial assets now spilling into the real economy…</p><p><blockquote><b>这将是2007-2031年全球金融危机下一阶段真正的大问题。</b>真实资产!聪明的资金一直在大量购买实物资产，因为它们与日益腐败的金融资产行业脱钩，但它们的现实是来自房地产、私募股权、担保贷款、飞机、航运等等的实物资产，现在变得同样泡沫化，因为所有与金融资产相关的通货膨胀现在蔓延到实体经济中……</blockquote></p><p> <b>Financial Asset Inflation has infected the real economy….</b></p><p><blockquote><b>金融资产通胀已经感染了实体经济…</b></blockquote></p><p> Time to think again… All these honourable men and women in Central Banks must dread Caesar’s ghost coming back to haunt the monetary experiment they started in 2010 going so badly wrong…</p><p><blockquote>是时候重新思考了.中央银行所有这些可敬的男男女女一定害怕凯撒的幽灵会卷土重来，困扰他们在 2010 年开始的货币实验，结果出了如此严重的差错.....</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/inflation-next-stage-global-financial-crisis-2007-2031\">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",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/inflation-next-stage-global-financial-crisis-2007-2031","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122873304","content_text":"“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”\nWhat Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.\nI should warn readers this morning’s porridge is going to be yet another of my irregular notes on how the Global Financial Crisis (“GFC”) which began in 2007 is still with us.. We’re just moving on to a new stage… Enjoy Chapter 384 of The Fall of Money – The GFC: 2007-2031.\nThis morning – What inflation?\nHuh? Last week the market convinced itself inflation apparentlywasn’t an issue. Yield curves flattened, bonds tightened, and even though stocks were anticipating the best-ever-earnings-season, there was absolutely nothing to worry about in terms of rising prices… Apparently…\nApparentlyand Absolutely are two very dangerous words in finance… They raise the likelihood you’ve got it completely wrong, ie: Apparently you couldn’t lose, but you did… Returns were Absolutelyguaranteed.. till the company went burst.\nAs we’ve learn’t this morning UK Inflation has risen to 2.5% – raising the prospect of a letter from the Bank explaining why. The headline US CPI data yesterday was even stronger – 5.4% yoy, and 0.9% over the last month! That’s not quite Zimbabwe but… you get the drift… When it happens in Europe… well the Germans are going to have a monumental hissy fit. (Top investment tip: stay long wheelbarrows.)\nInflation matters. Its critical to bonds and long-term returns. The market should look like it’s been slapped with the Wet-Halibut of Rampant Inflation, but, it doesn’t seem to have learnt the lesson. This morning, the financial-commentariat is awash with analysis of how the Fed, BoE and ECB will all hold off from any hint of “taper” response to inflation, in order to keep frothy markets from collapsing.\nFed-Watching used to be the delicate art of understanding the indecipherable nuances of Fed-Speak, forensically dissecting the commentary and numbers and drawing conclusions based on a clear understanding of what was left unsaid and the Fed’s mandate.\nNot today.\nFed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin.\nThe brutal reality is the Central Bankers, who are all honourable men and women, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow.. which means trouble ahead until the global financial system can be resolved.\nThe start reality is Central Banks have no answer to inflation except to hope and carry on. They are caught between the Scylla of Inflation and the Charybdis of a market collapse. Eek! Which is why so many analysts are confident the markets will win out and keep going higher – because central banks have little choice but to go with it and keep up the stimulus.\nMost of the market is fixated on what the S&P does this afternoon, what new high the NASDAQ will make this month, or where Amazon is going to top this quarter. They have the vision of a blind man when it comes to anything much beyond the end of their one-year time horizon. Even the bond market seems blind.\nThe reality is investment should be about the long term. If you ignore the future in favour of short-term gains its makes it very easy to dismiss the evidence… that inflation is actually a very, very real issue..\nLots of smart non-financial assets funds do understand that, and see just how horribly distorted markets have become. That’s why they are so keen to diversify out of corrupted financial assets and into real assets – the hot part of the market (and what I’ve been doing in Alternative Assets for the last 12 years.)\nGoing back to inflation, the outlook is complex – another reason such a large part of the financial blogosphere is ignoring it. For instance; it’s possible to argue the rise in commodity prices is a factor of hoarding; manufacturers anticipating a surge Covid recovery and preparing for massive post-pandemic demand. The spikes in commodities from Copper to Lumber are now in reverse – supporting the market’s contention the inflation number is something of an overshoot.\nOil is an outlier.OPEC is a monopoly price setter, but is going through yet another of its periodic organisational crisis resulting in a spike that’s proving difficult to hedge. Owning oil is not a pleasant outcome for anyone – as we saw last year when traders found themselves owning negative priced oil when storage was unavailable.\nSome of the important underlying trends in the economy – like used cars, where prices are rising. It hints that its details of specific inflation factors in each price that are important. Cars are a good example – we’re all aware of the global shortage of chips enabling car makers to cut production and create scarcity, pushing up new car prices, dragging second hand values higher as consumers seek alternatives.  On the other hand – new car prices have been rising for years, with higher costs “justified” by the increasing amount of tech junk put into cars.. As the EU announces it will outlaw new ICE (internal combustion engine) vehicles by 2040, I wonder if we are going to see a new counter-trend develop.\nTo explain, consider the Land Rover:\n\nA 10 year-old low milage, full service history, Range Rover in immaculate condition may be worth £16k. A 20 year battered Defender with zero documents is worth £32k! But you can fix it with Gaffa Tape, WD40 and a hammer. (If it moves and shouldn’t: Gaffa tape it. If it still moves; more Gaffa tape. If it doesn’t move: WD40 and persuade it with a hammer.)\n\nHowever, inflation complacency may be the least of Central Bank worries. You may have spotted an increasing number of breathless articles from around the globe on House Price Inflation.\nEverywhere on the planet the affluent classes – those with savings, who’ve done well from lockdown, and already on the property ladder – have been driving an uptick in property. Its debt fuelled and an illiquid market – no one sells till they see what they want to buy, and the ladder is actually a pyramid, with fewer assets on each successively higher rung.\nThe result is record home prices nearly everywhere. This week Powell and US Treasury Sec Janet Yellen are going to chat about it at the Financial Stability Oversight Council – a body setup post Global Financial Crisis (“GFC”) in 2010 to identify excessive risks to the US Financial System. About time.. Housing is more frothy than 2007 according to the Case-Shiller US property value index. (Incidentally… so is just about any other market…but, I;ve said that many times before..)\nRightly, Janet and Jerome are concerned a second housing bubble bursting could shake the foundations of finance… again. However, this time will be different. The housing market is not vulnerable to a massive number of low-credit-score mortgagees defaulting, but to a large number of affluent middle classes suddenly finding themselves financial stretched, on a rung of the ladder they can’t afford, and sitting on negative equity when the bubble bursts.\nIn the UK, we live with negative equity. In the US, you walk away. Whatever, these consumers consume less.\nThe structure of the market has also changed. Banks don’t lend anymore. They broke their risks off to the investment sector. In the case of US mortgages – back to government through the Mortgage Backed Bond buyback schemes, and to the non-bank financial institutions than now finance, originate and service mortgages…\nThis is going to be the really big problem of the next stage of the Global Financial Crisis 2007-2031.Real Assets! Smart money has been loading up on real assets on the basis they are decorrelated from the increasingly corrupted financial asset sector, but they reality is real assets from property, private equity, secured lending, aircraft, shipping, you-name-it, is now getting just as frothy as a result of all that inflation tied up in financial assets now spilling into the real economy…\nFinancial Asset Inflation has infected the real economy….\nTime to think again… All these honourable men and women in Central Banks must dread Caesar’s ghost coming back to haunt the monetary experiment they started in 2010 going so badly wrong…","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164078336,"gmtCreate":1624163239725,"gmtModify":1631890496856,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Less is more","listText":"Less is more","text":"Less is more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164078336","repostId":"1133385197","repostType":4,"isVote":1,"tweetType":1,"viewCount":3434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166351634,"gmtCreate":1623993200428,"gmtModify":1631890496861,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Wedge closing soon. Breakout !! 🚀🚀🚀","listText":"Wedge closing soon. Breakout !! 🚀🚀🚀","text":"Wedge closing soon. Breakout !! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166351634","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohunote.com/m/news/1175693382?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:07","market":"us","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169380584,"gmtCreate":1623817046248,"gmtModify":1631890496867,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Broke wedge. Up !","listText":"Broke wedge. Up !","text":"Broke wedge. Up !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169380584","repostId":"1137428482","repostType":4,"repost":{"id":"1137428482","kind":"news","pubTimestamp":1623815725,"share":"https://www.laohunote.com/m/news/1137428482?lang=zh_CN&edition=full","pubTime":"2021-06-16 11:55","market":"us","language":"en","title":"2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137428482","media":"Motley Fool","summary":"The leading premium streaming video service has an online store. It's bigger than you think.","content":"<p>It's easy to be skeptical about last week's launch of&nbsp;<b>Netflix</b>'s(NASDAQ:NFLX)&nbsp;online merch store. The new platform -- available via&nbsp;Netflix.shop-- is limited to selling T-shirts and hoodies themed to its<i>Yasuke</i>and<i>Eden</i>anime. It's just designer streetwear right now, and it's not cheap. T-shirts range in price from $30 to $45. Hypland's Yasuke hoodie is going to set you back a beefy $82, or nearly half a year of a Netflix subscription.</p><p><blockquote>人们很容易对上周推出的<b>网飞</b>s（纳斯达克股票代码：NFLX）在线商品商店。这个新平台（可通过 Netflix.shop 购买）仅限于销售以其为主题的 T 恤和连帽衫<i>康介</i>和<i>伊甸园</i>动漫。现在只是名牌街头服饰，而且不便宜。T恤的价格从30美元到45美元不等。Hypland的Yasuke连帽衫将花费你82美元，相当于近半年的网飞订阅费。</blockquote></p><p> However, you may want to think twice before you dismiss the leading premium video service's chances here. There are some good reasons to bet on Netflix's latest move. Let's check them out.</p><p><blockquote>然而，在你拒绝领先的优质视频服务的机会之前，你可能要三思。有一些充分的理由押注 Netflix 的最新举措。我们去看看。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/434a5606f0aa105dc2200617936db7bd\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Netflix is just getting started</b></p><p><blockquote><b>1. Netflix 才刚刚起步</b></blockquote></p><p> This is obviously just the opening act of Netflix.shop. You can get third-party -- admittedly unlicensed -- shirts for a lot less elsewhere. It will be harder to duplicate the<i>Yasuke</i>and<i>Eden</i>action figures that Netflix is promising will roll out later this month.</p><p><blockquote>这显然只是Netflix.shop的开场行为。你可以在其他地方以更低的价格买到第三方——公认是未经许可的——衬衫。复制<i>康介</i>和<i>伊甸园</i>网飞承诺的动作人物将于本月晚些时候推出。</blockquote></p><p> Limited-edition apparel and decor inspired by<i>Lupin</i>-- with the second season just dropping into your Netflix queue -- will hit the digital storefront this month. Last week's launch also teased upcoming exclusive<i>Stranger Things</i>and<i>The Witcher</i>product lines. Reports also have Netflix working on a<i>Bridgerton</i>clothing line alongside live events. And Fans of<i>La Casa de Papel</i>-- aka<i>Money Heist</i>-- should be on the lookout for proprietary merch.</p><p><blockquote>限量版服装和装饰灵感来自<i>鲁邦</i>-- 第二季刚刚进入您的 Netflix 队列 -- 将于本月登陆数字店面。上周的发布会还预告了即将推出的独家<i>奇怪的事情</i>和<i>巫师</i>产品线。据报道，Netflix 还在开发<i>布里奇顿</i>现场活动旁边的服装系列。和粉丝<i>纸屋</i>-- 又名<i>抢劫钱财</i>-- 应该留意专有商品。</blockquote></p><p> Don't judge Netflix's new foray into the e-tail of physical merch based on what you see on today's landing page. The store will get bigger, and you'll get there once they roll around to paddling a new revenue stream based on one of your favorite shows.</p><p><blockquote>不要根据你在今天的登录页面上看到的内容来判断网飞进军实体电子商务的新尝试。商店会变得更大，一旦他们开始根据你最喜欢的节目之一划出新的收入流，你就会到达那里。</blockquote></p><p> <b>2. Never underestimate the Netflix audience</b></p><p><blockquote><b>2.永远不要低估Netflix的观众</b></blockquote></p><p> It's not smart to bet against Netflix. It doesn't make a move unless it has thoroughly thought things through. How many times were we asking Netflix to rent video games by mail during its red envelope days? How many analysts have wondered about the money that Netflix could rake in it if sold ads on top of its streams in this era of rising connected-TV rates?</p><p><blockquote>押注网飞是不明智的。除非它彻底考虑清楚，否则它不会采取行动。在网飞的红包时代，我们有多少次要求它通过邮件租赁电子游戏？有多少分析师想知道，在这个联网电视费率不断上涨的时代，如果 Netflix 在其流媒体上出售广告，可以从中赚到多少钱？</blockquote></p><p> Netflix is way smarter than me. It may also be smarter than you when it comes to how it runs its business. Bloomberg is reporting that Netflix is in the process of hiring heads of consumer products, podcasts, and video game businesses that don't currently exist. If they see the light of day -- as we're seeing with consumer product -- it's because the company knows what it's doing.</p><p><blockquote>网飞比我聪明多了。在如何经营业务方面，它也可能比你聪明。彭博社报道称，网飞正在招聘目前不存在的消费品、播客和视频游戏业务的负责人。如果他们看到了曙光——就像我们在消费品上看到的那样——那是因为公司知道自己在做什么。</blockquote></p><p> Netflix had&nbsp;207.6 million subscribersat the end of March, and we're talking about entire families here. The reach and breadth is larger than the account base. It's a captive audience spending hours a day getting lost in Netflix's growing digital catalog of content.</p><p><blockquote>截至 3 月底，Netflix 拥有 2.076 亿订户，我们这里谈论的是整个家庭。覆盖面和广度大于账户基础。这是一个被俘虏的观众，每天花几个小时迷失在网飞不断增长的数字内容目录中。</blockquote></p><p> Folks trust Netflix to get it right. They stick around, even if it means prices keep moving higher. Netflix has increased its monthly rates in the U.S.five times over the last seven years, and the sub count is always higher by the time the next hike rolls around.</p><p><blockquote>人们相信网飞会把事情做好。它们会留下来，即使这意味着价格不断上涨。过去七年里，Netflix 已五次提高美国的月费率，而且到下一次加息时，子费率总是更高。</blockquote></p><p> Netflix is a&nbsp;media stock. It's not a surprise that traditional media behemoths are generating significant sums of incremental revenue through vibrant consumer product sales. Why wouldn't Netflix -- a company that's been collecting gobs of data on your viewing habits for years -- be as good at nailing what you'll want to buy next as it is at knowing what you want to view next? We may never see a theme park, though I would be the first in line through the turnstiles of Netflixlandia to ride the<i>Ozark</i>roller coaster or experience the<i>Stranger Things</i>dark ride. Selling unique merch to an engaged audience will be a lot easier, and unlike that<i>Ozark</i>coaster there are no height requirements or seat restraints to keep you from making the most of the consumer products ride.</p><p><blockquote>网飞是一只媒体股。传统媒体巨头通过充满活力的消费品销售产生大量增量收入，这并不奇怪。为什么网飞——一家多年来一直在收集大量关于你观看习惯的数据的公司——不能像知道你下一步想买什么一样擅长确定你下一步想买什么？我们可能永远不会看到主题公园，尽管我会是第一个通过 Netflixlandia 十字转门乘坐主题公园的人<i>欧扎克</i>过山车或体验<i>奇怪的事情</i>黑暗骑行。向参与的受众销售独特的商品会容易得多，不同之处在于<i>欧扎克</i>过山车没有高度要求或座椅限制，以阻止您充分利用消费品。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</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\">2021-06-16 11:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's easy to be skeptical about last week's launch of&nbsp;<b>Netflix</b>'s(NASDAQ:NFLX)&nbsp;online merch store. The new platform -- available via&nbsp;Netflix.shop-- is limited to selling T-shirts and hoodies themed to its<i>Yasuke</i>and<i>Eden</i>anime. It's just designer streetwear right now, and it's not cheap. T-shirts range in price from $30 to $45. Hypland's Yasuke hoodie is going to set you back a beefy $82, or nearly half a year of a Netflix subscription.</p><p><blockquote>人们很容易对上周推出的<b>网飞</b>s（纳斯达克股票代码：NFLX）在线商品商店。这个新平台（可通过 Netflix.shop 购买）仅限于销售以其为主题的 T 恤和连帽衫<i>康介</i>和<i>伊甸园</i>动漫。现在只是名牌街头服饰，而且不便宜。T恤的价格从30美元到45美元不等。Hypland的Yasuke连帽衫将花费你82美元，相当于近半年的网飞订阅费。</blockquote></p><p> However, you may want to think twice before you dismiss the leading premium video service's chances here. There are some good reasons to bet on Netflix's latest move. Let's check them out.</p><p><blockquote>然而，在你拒绝领先的优质视频服务的机会之前，你可能要三思。有一些充分的理由押注 Netflix 的最新举措。我们去看看。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/434a5606f0aa105dc2200617936db7bd\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Netflix is just getting started</b></p><p><blockquote><b>1. Netflix 才刚刚起步</b></blockquote></p><p> This is obviously just the opening act of Netflix.shop. You can get third-party -- admittedly unlicensed -- shirts for a lot less elsewhere. It will be harder to duplicate the<i>Yasuke</i>and<i>Eden</i>action figures that Netflix is promising will roll out later this month.</p><p><blockquote>这显然只是Netflix.shop的开场行为。你可以在其他地方以更低的价格买到第三方——公认是未经许可的——衬衫。复制<i>康介</i>和<i>伊甸园</i>网飞承诺的动作人物将于本月晚些时候推出。</blockquote></p><p> Limited-edition apparel and decor inspired by<i>Lupin</i>-- with the second season just dropping into your Netflix queue -- will hit the digital storefront this month. Last week's launch also teased upcoming exclusive<i>Stranger Things</i>and<i>The Witcher</i>product lines. Reports also have Netflix working on a<i>Bridgerton</i>clothing line alongside live events. And Fans of<i>La Casa de Papel</i>-- aka<i>Money Heist</i>-- should be on the lookout for proprietary merch.</p><p><blockquote>限量版服装和装饰灵感来自<i>鲁邦</i>-- 第二季刚刚进入您的 Netflix 队列 -- 将于本月登陆数字店面。上周的发布会还预告了即将推出的独家<i>奇怪的事情</i>和<i>巫师</i>产品线。据报道，Netflix 还在开发<i>布里奇顿</i>现场活动旁边的服装系列。和粉丝<i>纸屋</i>-- 又名<i>抢劫钱财</i>-- 应该留意专有商品。</blockquote></p><p> Don't judge Netflix's new foray into the e-tail of physical merch based on what you see on today's landing page. The store will get bigger, and you'll get there once they roll around to paddling a new revenue stream based on one of your favorite shows.</p><p><blockquote>不要根据你在今天的登录页面上看到的内容来判断网飞进军实体电子商务的新尝试。商店会变得更大，一旦他们开始根据你最喜欢的节目之一划出新的收入流，你就会到达那里。</blockquote></p><p> <b>2. Never underestimate the Netflix audience</b></p><p><blockquote><b>2.永远不要低估Netflix的观众</b></blockquote></p><p> It's not smart to bet against Netflix. It doesn't make a move unless it has thoroughly thought things through. How many times were we asking Netflix to rent video games by mail during its red envelope days? How many analysts have wondered about the money that Netflix could rake in it if sold ads on top of its streams in this era of rising connected-TV rates?</p><p><blockquote>押注网飞是不明智的。除非它彻底考虑清楚，否则它不会采取行动。在网飞的红包时代，我们有多少次要求它通过邮件租赁电子游戏？有多少分析师想知道，在这个联网电视费率不断上涨的时代，如果 Netflix 在其流媒体上出售广告，可以从中赚到多少钱？</blockquote></p><p> Netflix is way smarter than me. It may also be smarter than you when it comes to how it runs its business. Bloomberg is reporting that Netflix is in the process of hiring heads of consumer products, podcasts, and video game businesses that don't currently exist. If they see the light of day -- as we're seeing with consumer product -- it's because the company knows what it's doing.</p><p><blockquote>网飞比我聪明多了。在如何经营业务方面，它也可能比你聪明。彭博社报道称，网飞正在招聘目前不存在的消费品、播客和视频游戏业务的负责人。如果他们看到了曙光——就像我们在消费品上看到的那样——那是因为公司知道自己在做什么。</blockquote></p><p> Netflix had&nbsp;207.6 million subscribersat the end of March, and we're talking about entire families here. The reach and breadth is larger than the account base. It's a captive audience spending hours a day getting lost in Netflix's growing digital catalog of content.</p><p><blockquote>截至 3 月底，Netflix 拥有 2.076 亿订户，我们这里谈论的是整个家庭。覆盖面和广度大于账户基础。这是一个被俘虏的观众，每天花几个小时迷失在网飞不断增长的数字内容目录中。</blockquote></p><p> Folks trust Netflix to get it right. They stick around, even if it means prices keep moving higher. Netflix has increased its monthly rates in the U.S.five times over the last seven years, and the sub count is always higher by the time the next hike rolls around.</p><p><blockquote>人们相信网飞会把事情做好。它们会留下来，即使这意味着价格不断上涨。过去七年里，Netflix 已五次提高美国的月费率，而且到下一次加息时，子费率总是更高。</blockquote></p><p> Netflix is a&nbsp;media stock. It's not a surprise that traditional media behemoths are generating significant sums of incremental revenue through vibrant consumer product sales. Why wouldn't Netflix -- a company that's been collecting gobs of data on your viewing habits for years -- be as good at nailing what you'll want to buy next as it is at knowing what you want to view next? We may never see a theme park, though I would be the first in line through the turnstiles of Netflixlandia to ride the<i>Ozark</i>roller coaster or experience the<i>Stranger Things</i>dark ride. Selling unique merch to an engaged audience will be a lot easier, and unlike that<i>Ozark</i>coaster there are no height requirements or seat restraints to keep you from making the most of the consumer products ride.</p><p><blockquote>网飞是一只媒体股。传统媒体巨头通过充满活力的消费品销售产生大量增量收入，这并不奇怪。为什么网飞——一家多年来一直在收集大量关于你观看习惯的数据的公司——不能像知道你下一步想买什么一样擅长确定你下一步想买什么？我们可能永远不会看到主题公园，尽管我会是第一个通过 Netflixlandia 十字转门乘坐主题公园的人<i>欧扎克</i>过山车或体验<i>奇怪的事情</i>黑暗骑行。向参与的受众销售独特的商品会容易得多，不同之处在于<i>欧扎克</i>过山车没有高度要求或座椅限制，以阻止您充分利用消费品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/15/2-reasons-netflix-will-win-its-merchandising-gambi/\">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":{"NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/06/15/2-reasons-netflix-will-win-its-merchandising-gambi/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137428482","content_text":"It's easy to be skeptical about last week's launch of Netflix's(NASDAQ:NFLX) online merch store. The new platform -- available via Netflix.shop-- is limited to selling T-shirts and hoodies themed to itsYasukeandEdenanime. It's just designer streetwear right now, and it's not cheap. T-shirts range in price from $30 to $45. Hypland's Yasuke hoodie is going to set you back a beefy $82, or nearly half a year of a Netflix subscription.\nHowever, you may want to think twice before you dismiss the leading premium video service's chances here. There are some good reasons to bet on Netflix's latest move. Let's check them out.\nIMAGE SOURCE: GETTY IMAGES.\n1. Netflix is just getting started\nThis is obviously just the opening act of Netflix.shop. You can get third-party -- admittedly unlicensed -- shirts for a lot less elsewhere. It will be harder to duplicate theYasukeandEdenaction figures that Netflix is promising will roll out later this month.\nLimited-edition apparel and decor inspired byLupin-- with the second season just dropping into your Netflix queue -- will hit the digital storefront this month. Last week's launch also teased upcoming exclusiveStranger ThingsandThe Witcherproduct lines. Reports also have Netflix working on aBridgertonclothing line alongside live events. And Fans ofLa Casa de Papel-- akaMoney Heist-- should be on the lookout for proprietary merch.\nDon't judge Netflix's new foray into the e-tail of physical merch based on what you see on today's landing page. The store will get bigger, and you'll get there once they roll around to paddling a new revenue stream based on one of your favorite shows.\n2. Never underestimate the Netflix audience\nIt's not smart to bet against Netflix. It doesn't make a move unless it has thoroughly thought things through. How many times were we asking Netflix to rent video games by mail during its red envelope days? How many analysts have wondered about the money that Netflix could rake in it if sold ads on top of its streams in this era of rising connected-TV rates?\nNetflix is way smarter than me. It may also be smarter than you when it comes to how it runs its business. Bloomberg is reporting that Netflix is in the process of hiring heads of consumer products, podcasts, and video game businesses that don't currently exist. If they see the light of day -- as we're seeing with consumer product -- it's because the company knows what it's doing.\nNetflix had 207.6 million subscribersat the end of March, and we're talking about entire families here. The reach and breadth is larger than the account base. It's a captive audience spending hours a day getting lost in Netflix's growing digital catalog of content.\nFolks trust Netflix to get it right. They stick around, even if it means prices keep moving higher. Netflix has increased its monthly rates in the U.S.five times over the last seven years, and the sub count is always higher by the time the next hike rolls around.\nNetflix is a media stock. It's not a surprise that traditional media behemoths are generating significant sums of incremental revenue through vibrant consumer product sales. Why wouldn't Netflix -- a company that's been collecting gobs of data on your viewing habits for years -- be as good at nailing what you'll want to buy next as it is at knowing what you want to view next? We may never see a theme park, though I would be the first in line through the turnstiles of Netflixlandia to ride theOzarkroller coaster or experience theStranger Thingsdark ride. Selling unique merch to an engaged audience will be a lot easier, and unlike thatOzarkcoaster there are no height requirements or seat restraints to keep you from making the most of the consumer products ride.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187030659,"gmtCreate":1623729185571,"gmtModify":1631890496867,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"This is momentum play&nbsp;and not valuation","listText":"This is momentum play&nbsp;and not valuation","text":"This is momentum play and not valuation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/187030659","repostId":"2143178756","repostType":4,"isVote":1,"tweetType":1,"viewCount":2282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181175461,"gmtCreate":1623381662753,"gmtModify":1631890496868,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Inflation not in play yet","listText":"Inflation not in play yet","text":"Inflation not in play yet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181175461","repostId":"1184070773","repostType":4,"isVote":1,"tweetType":1,"viewCount":2100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183195664,"gmtCreate":1623313204358,"gmtModify":1631890496871,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Wsb has been compromised","listText":"Wsb has been compromised","text":"Wsb has been compromised","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183195664","repostId":"1161159131","repostType":4,"repost":{"id":"1161159131","kind":"news","pubTimestamp":1623309628,"share":"https://www.laohunote.com/m/news/1161159131?lang=zh_CN&edition=full","pubTime":"2021-06-10 15:20","market":"us","language":"en","title":"Anatomy Of A Short Squeeze: This Is How Hedge Funds Pounce On Retail Meme Stocks<blockquote>挤空剖析：这就是对冲基金抢购零售模因股票的方式</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161159131","media":"zerohedge","summary":"In the'old normal'- when dinosaurs roamed the earth - history suggested thatwhen retail investors pi","content":"<p>In the<b>'old normal'</b>- when dinosaurs roamed the earth - history suggested that<b>when retail investors piled into stocks with both hands and feet, a major top in prices was usually not far behind.</b></p><p><blockquote>在<b>“老正常”</b>- 当恐龙在地球上漫游时 - 历史表明<b>当散户投资者全力投入股票时，价格的主要顶部通常不远了。</b></blockquote></p><p> But, in the<b>'new normal'</b>of Reddit Rebels and Meme Stock Manias, it is the 'little guy' that is making the \"Smart\" money look \"Dumb\" as stock after stock is lifted out of obscurity - or from the brink of bankruptcy - by a wave of WSB-buyers, crushing the well-reasoned theses of asset-gatherers and commission-takers everywhere as 'worthless' stonks go to the moon.</p><p><blockquote>但是，在<b>“新常态”</b>在 Reddit 叛逆者和模因股票狂热者中，正是“小家伙”让“聪明”的钱看起来“愚蠢”，因为一只又一只股票被一波 WSB 买家从默默无闻或濒临破产的边缘解救出来，粉碎了各地资产收集者和佣金收集者的合理论点，因为“毫无价值”的棍子上了月球。</blockquote></p><p> Retail piling in...</p><p><blockquote>零售堆积……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5fefaf3bdbf1f8e7f94ea5f11803cc4\" tg-width=\"716\" tg-height=\"529\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ...and hedgies hammered...</p><p><blockquote>...树篱被锤打……...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a00ae5ad66575fb8a77c1c4f48795398\" tg-width=\"766\" tg-height=\"673\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In fact, what has been only anecdotally observed, is now confirmed by Goldman Sachs' latest research note that suggests<b>retail trading activity continues to be a leading indicator (rather than contrarian)</b>.</p><p><blockquote>事实上，高盛的最新研究报告证实了以前只是轶事观察到的情况，该报告表明<b>零售交易活动仍然是领先指标（而不是逆向指标）</b>.</blockquote></p><p> Specifically Goldman's Derivatives Research group believe<b>retail trading activity is an indication of a large number of traders “paying attention” to a stock.</b></p><p><blockquote>具体来说，高盛衍生品研究小组认为<b>零售交易活动表明大量交易者 “关注 ”某只股票。</b></blockquote></p><p>   When a retail investor pays attention to a stock, they generally choose between “buying” or “not-buying” the stock (retail investors are generally not short sellers).   <b>This results in temporary net-buying flow from retail investors and pushes the stock up temporarily.</b>Volatile stocks then   <b>attract the attention of institutional investors as they see opportunities to use their understanding of option market positioning</b>, delta hedging requirements of market makers and fundamental valuation to position for outsized profits.At some point, retail traders become a smaller percentage of overall volume and the tailwind inherent in this “attention” signal fades.   <b>This is the point where institutional investors position for a (partial) mean reversion.</b>In fact, many of the high profile retail trading names show a significant drop in retail trading as a percentage of total volume in the days ahead of the ultimate peak and subsequent decline.  <u><b>Translation</b></u>:</p><p><blockquote>当散户投资者关注一只股票时，他们通常会在“买入”或“不买”这只股票之间做出选择（散户投资者通常不是卖空者）。<b>这导致散户投资者暂时净买入，并推高该股暂时上涨。</b>然后波动较大的股票<b>吸引机构投资者的注意，因为他们看到了利用他们对期权市场定位的理解的机会</b>、做市商的delta对冲要求和基本面估值，以定位超额利润。在某种程度上，散户交易员在总交易量中所占的比例会变小，这种 “关注 ”信号所固有的顺风也会逐渐消退。<b>这就是机构投资者对（部分）均值回归的立场。</b>事实上，许多备受瞩目的零售贸易公司在最终高峰前的几天里，零售贸易额占总量的百分比显着下降，随后又下降。<u><b>翻译</b></u>:</blockquote></p><p>   1)   <b>Retail</b>investors ignite the momentum,   <b>squeezing shorts</b>out;2) ...which grabs the attention of   <b>institutional/hedge funds</b>, who then deploy leverage to spark the   <b>gamma squeeze</b>meltup...3) ...which further squeezes the shorts out...4) ...   <b>enabling hedgies to implement shorts at much higher prices</b>, slamming the stock lower...5) ...setting the stage for the next retail-ignited squeeze.Rinse... Repeat.  The charts below show the outsized retail investor participation in the past month...</p><p><blockquote>1)<b>零售</b>投资者点燃动力，<b>挤压短裤</b>出去；2) ...这引起了<b>机构/对冲基金</b>然后部署杠杆来引发<b>伽马挤压</b>融化……3）...这进一步挤出了空头……4）...<b>使对冲者能够以更高的价格实施空头</b>，导致股价下跌……5) ...为下一次零售引发的挤压创造条件。冲洗……重复。下图显示了过去一个月的散户投资者参与度……</blockquote></p><p> Here is the retail stock investor fading as the stock explodes higher (and hedge funds take over)...</p><p><blockquote>随着股价飙升（对冲基金接管），散户股票投资者正在消失……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01774fde06782ae44de978c7f9dec342\" tg-width=\"804\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> And here are retail option investors doing the same...</p><p><blockquote>零售期权投资者也在这样做……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01774fde06782ae44de978c7f9dec342\" tg-width=\"804\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> So, with all that said, the question is will it end badly...</p><p><blockquote>所以，说了这么多，问题是它会不会有糟糕的结局……</blockquote></p><p> ...again?</p><p><blockquote>...又来了？</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>Anatomy Of A Short Squeeze: This Is How Hedge Funds Pounce On Retail Meme Stocks<blockquote>挤空剖析：这就是对冲基金抢购零售模因股票的方式</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnatomy Of A Short Squeeze: This Is How Hedge Funds Pounce On Retail Meme Stocks<blockquote>挤空剖析：这就是对冲基金抢购零售模因股票的方式</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-10 15:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the<b>'old normal'</b>- when dinosaurs roamed the earth - history suggested that<b>when retail investors piled into stocks with both hands and feet, a major top in prices was usually not far behind.</b></p><p><blockquote>在<b>“老正常”</b>- 当恐龙在地球上漫游时 - 历史表明<b>当散户投资者全力投入股票时，价格的主要顶部通常不远了。</b></blockquote></p><p> But, in the<b>'new normal'</b>of Reddit Rebels and Meme Stock Manias, it is the 'little guy' that is making the \"Smart\" money look \"Dumb\" as stock after stock is lifted out of obscurity - or from the brink of bankruptcy - by a wave of WSB-buyers, crushing the well-reasoned theses of asset-gatherers and commission-takers everywhere as 'worthless' stonks go to the moon.</p><p><blockquote>但是，在<b>“新常态”</b>在 Reddit 叛逆者和模因股票狂热者中，正是“小家伙”让“聪明”的钱看起来“愚蠢”，因为一只又一只股票被一波 WSB 买家从默默无闻或濒临破产的边缘解救出来，粉碎了各地资产收集者和佣金收集者的合理论点，因为“毫无价值”的棍子上了月球。</blockquote></p><p> Retail piling in...</p><p><blockquote>零售堆积……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5fefaf3bdbf1f8e7f94ea5f11803cc4\" tg-width=\"716\" tg-height=\"529\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ...and hedgies hammered...</p><p><blockquote>...树篱被锤打……...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a00ae5ad66575fb8a77c1c4f48795398\" tg-width=\"766\" tg-height=\"673\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In fact, what has been only anecdotally observed, is now confirmed by Goldman Sachs' latest research note that suggests<b>retail trading activity continues to be a leading indicator (rather than contrarian)</b>.</p><p><blockquote>事实上，高盛的最新研究报告证实了以前只是轶事观察到的情况，该报告表明<b>零售交易活动仍然是领先指标（而不是逆向指标）</b>.</blockquote></p><p> Specifically Goldman's Derivatives Research group believe<b>retail trading activity is an indication of a large number of traders “paying attention” to a stock.</b></p><p><blockquote>具体来说，高盛衍生品研究小组认为<b>零售交易活动表明大量交易者 “关注 ”某只股票。</b></blockquote></p><p>   When a retail investor pays attention to a stock, they generally choose between “buying” or “not-buying” the stock (retail investors are generally not short sellers).   <b>This results in temporary net-buying flow from retail investors and pushes the stock up temporarily.</b>Volatile stocks then   <b>attract the attention of institutional investors as they see opportunities to use their understanding of option market positioning</b>, delta hedging requirements of market makers and fundamental valuation to position for outsized profits.At some point, retail traders become a smaller percentage of overall volume and the tailwind inherent in this “attention” signal fades.   <b>This is the point where institutional investors position for a (partial) mean reversion.</b>In fact, many of the high profile retail trading names show a significant drop in retail trading as a percentage of total volume in the days ahead of the ultimate peak and subsequent decline.  <u><b>Translation</b></u>:</p><p><blockquote>当散户投资者关注一只股票时，他们通常会在“买入”或“不买”这只股票之间做出选择（散户投资者通常不是卖空者）。<b>这导致散户投资者暂时净买入，并推高该股暂时上涨。</b>然后波动较大的股票<b>吸引机构投资者的注意，因为他们看到了利用他们对期权市场定位的理解的机会</b>、做市商的delta对冲要求和基本面估值，以定位超额利润。在某种程度上，散户交易员在总交易量中所占的比例会变小，这种 “关注 ”信号所固有的顺风也会逐渐消退。<b>这就是机构投资者对（部分）均值回归的立场。</b>事实上，许多备受瞩目的零售贸易公司在最终高峰前的几天里，零售贸易额占总量的百分比显着下降，随后又下降。<u><b>翻译</b></u>:</blockquote></p><p>   1)   <b>Retail</b>investors ignite the momentum,   <b>squeezing shorts</b>out;2) ...which grabs the attention of   <b>institutional/hedge funds</b>, who then deploy leverage to spark the   <b>gamma squeeze</b>meltup...3) ...which further squeezes the shorts out...4) ...   <b>enabling hedgies to implement shorts at much higher prices</b>, slamming the stock lower...5) ...setting the stage for the next retail-ignited squeeze.Rinse... Repeat.  The charts below show the outsized retail investor participation in the past month...</p><p><blockquote>1)<b>零售</b>投资者点燃动力，<b>挤压短裤</b>出去；2) ...这引起了<b>机构/对冲基金</b>然后部署杠杆来引发<b>伽马挤压</b>融化……3）...这进一步挤出了空头……4）...<b>使对冲者能够以更高的价格实施空头</b>，导致股价下跌……5) ...为下一次零售引发的挤压创造条件。冲洗……重复。下图显示了过去一个月的散户投资者参与度……</blockquote></p><p> Here is the retail stock investor fading as the stock explodes higher (and hedge funds take over)...</p><p><blockquote>随着股价飙升（对冲基金接管），散户股票投资者正在消失……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01774fde06782ae44de978c7f9dec342\" tg-width=\"804\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> And here are retail option investors doing the same...</p><p><blockquote>零售期权投资者也在这样做……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01774fde06782ae44de978c7f9dec342\" tg-width=\"804\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> So, with all that said, the question is will it end badly...</p><p><blockquote>所以，说了这么多，问题是它会不会有糟糕的结局……</blockquote></p><p> ...again?</p><p><blockquote>...又来了？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/anatomy-short-squeeze-how-hedge-funds-pounce-retail-meme-stonks\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/anatomy-short-squeeze-how-hedge-funds-pounce-retail-meme-stonks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161159131","content_text":"In the'old normal'- when dinosaurs roamed the earth - history suggested thatwhen retail investors piled into stocks with both hands and feet, a major top in prices was usually not far behind.\nBut, in the'new normal'of Reddit Rebels and Meme Stock Manias, it is the 'little guy' that is making the \"Smart\" money look \"Dumb\" as stock after stock is lifted out of obscurity - or from the brink of bankruptcy - by a wave of WSB-buyers, crushing the well-reasoned theses of asset-gatherers and commission-takers everywhere as 'worthless' stonks go to the moon.\nRetail piling in...\n\n...and hedgies hammered...\n\nIn fact, what has been only anecdotally observed, is now confirmed by Goldman Sachs' latest research note that suggestsretail trading activity continues to be a leading indicator (rather than contrarian).\nSpecifically Goldman's Derivatives Research group believeretail trading activity is an indication of a large number of traders “paying attention” to a stock.\n\n When a retail investor pays attention to a stock, they generally choose between “buying” or “not-buying” the stock (retail investors are generally not short sellers). \n This results in temporary net-buying flow from retail investors and pushes the stock up temporarily.Volatile stocks then \n attract the attention of institutional investors as they see opportunities to use their understanding of option market positioning, delta hedging requirements of market makers and fundamental valuation to position for outsized profits.At some point, retail traders become a smaller percentage of overall volume and the tailwind inherent in this “attention” signal fades. \n This is the point where institutional investors position for a (partial) mean reversion.In fact, many of the high profile retail trading names show a significant drop in retail trading as a percentage of total volume in the days ahead of the ultimate peak and subsequent decline.\n\nTranslation:\n\n 1) \n Retailinvestors ignite the momentum, \n squeezing shortsout;2) ...which grabs the attention of \n institutional/hedge funds, who then deploy leverage to spark the \n gamma squeezemeltup...3) ...which further squeezes the shorts out...4) ... \n enabling hedgies to implement shorts at much higher prices, slamming the stock lower...5) ...setting the stage for the next retail-ignited squeeze.Rinse... Repeat.\n\nThe charts below show the outsized retail investor participation in the past month...\nHere is the retail stock investor fading as the stock explodes higher (and hedge funds take over)...\n\nAnd here are retail option investors doing the same...\n\nSo, with all that said, the question is will it end badly...\n...again?","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183196887,"gmtCreate":1623313115249,"gmtModify":1631890496875,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Good for xop?","listText":"Good for xop?","text":"Good for xop?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183196887","repostId":"1145405384","repostType":4,"repost":{"id":"1145405384","kind":"news","pubTimestamp":1623311195,"share":"https://www.laohunote.com/m/news/1145405384?lang=zh_CN&edition=full","pubTime":"2021-06-10 15:46","market":"us","language":"en","title":"Why One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145405384","media":"zerohedge","summary":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser disc","content":"<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.</p><p><blockquote>在 DB 的 Francis Yared 最近的一篇博客文章中，这位信贷策略师着眼于较少讨论的通胀驱动因素之一，并指出油价的供应冲击历来与通胀预期相关。</blockquote></p><p> As Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significant<i>positive</i>supply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,<b>resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.</b></p><p><blockquote>正如亚里德所写，“过去半个世纪以来，油价的供应冲击曾三次对通胀预期产生重大影响：70 年代中期、80 年代中期和 10 年代中期。”然而，与 70 年代和 80 年代臭名昭著的价格爆炸不同，在最新一集中，“页岩油革命”导致了重大<i>积极的</i>石油市场的供应冲击导致石油输出国组织在2014年捍卫其市场份额而不是油价。亚里德写道，油价面临下行压力，<b>导致向较低的通胀制度转变，这反映在消费者和市场通胀预期（密歇根大学 5-10 年和 5-5 年盈亏平衡）以及货币政策预期和期限溢价中。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/a506eed4b33e73391548c06fb0c26164\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Well not anymore,<b>because ESG is unwinding the shale oil revolution.</b>As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.</p><p><blockquote>不再是了，<b>因为ESG正在解开页岩油革命。</b>正如埃克森美孚和壳牌最近发生的事件所表明的那样，过去几个月，石油公司减少石油和天然气勘探并调整商业模式的压力显着增加。这反映在原油钻井平台数量上，原油钻井平台数量滞后于油价复苏，仅为2014年峰值的1/3。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e9ca397d4dc8887948badc33be1b0354\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Similarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.</p><p><blockquote>同样，欧洲的碳排放期货价格也大幅上涨：正如《华尔街日报》最近报道的那样，欧洲交易的碳信用额价格在过去12个月中上涨了135%，并且随着经济活动从疫情封锁中反弹，最近创下了一系列纪录。只有受房地产繁荣推动走高的木材被证明是更好的大宗商品投资。</blockquote></p><p> As Yared summarizes, \"<b>ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"</b>This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.&nbsp; Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.</p><p><blockquote>正如Yared总结的那样，“<b>ESG 是一种负面的供应冲击，它将商品和服务生产的气候成本内部化。”</b>这种负面供应冲击将导致通货膨胀，直到技术进步吸收这些成本。这可能需要数年时间。此外，在欧洲，它可能会获得足够的政治支持，从而证明采取更激进的财政政策是合理的，尽管德国或欧盟层面存在限制。</blockquote></p><p> To be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"<i><b>ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years</b></i><i>.</i>\"</p><p><blockquote>可以肯定的是，全球经济仍需应对电子商务的通货紧缩影响。然而，正如DB总结的那样，“<i><b>ESG、美联储的平均通胀目标制度和更加积极的财政政策（至少在美国中期选举之前）构成了一个新的强大组合，应该会支持比过去10年经历的更高的通胀环境</b></i><i>.</i>\"</blockquote></p><p> Commenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be&nbsp; harder to get oil out of the ground.<b>Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG</b>.\"</p><p><blockquote>DB 信贷策略师吉姆·里德 (Jim Reid) 在评论同事的观察时表示同意，并写道：“也许在 2010 年至 2015 年期间，采矿业的激增将是例外，而不是常态，而且在一个快速变化且对 ESG 越来越敏感的世界中，从地下开采石油将变得更加困难。<b>随着时间的推移，更普遍地为气候变化外部性定价可能会使事情变得更加昂贵。由于石油和能源，我们是否正处于通胀预期再次发生变化的边缘，这种变化在很大程度上是由于 ESG</b>.\"</blockquote></p><p> So in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.</p><p><blockquote>因此，如果还有人对当权派为何将 ESG 奉为圭臬感到困惑--提醒一下，ESG 并不是什么新鲜事，很多年前它曾被称为企业社会责任（CSR），甚至诺贝尔经济学家米尔顿-弗里德曼（Milton Friedman）在 50 年前也警告过 ESG 的颠覆性，当时他说，承担与公司业务直接相关的外部规定的 “社会责任 ”会打开无休止的压力和干扰的闸门--而此时，同一个当权派也不顾一切地将近 300 万亿美元的全球债务膨胀出去，现在你知道了： ESG 看起来就像是引发失控通货膨胀的催化剂。如果各国央行不能及时遏制它，整个发达国家可能很快就会陷入恶性通货膨胀。</blockquote></p><p> Which in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...</p><p><blockquote>这反过来也应该回答另一个紧迫的问题：为什么央行如此急于发行自己的数字可编程货币？嗯，在一个当局已经失去对所有其他货币渠道的控制的世界里，只需轻轻一按开关就能打开和关闭货币的能力将非常有用……</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 One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</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 One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-10 15:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.</p><p><blockquote>在 DB 的 Francis Yared 最近的一篇博客文章中，这位信贷策略师着眼于较少讨论的通胀驱动因素之一，并指出油价的供应冲击历来与通胀预期相关。</blockquote></p><p> As Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significant<i>positive</i>supply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,<b>resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.</b></p><p><blockquote>正如亚里德所写，“过去半个世纪以来，油价的供应冲击曾三次对通胀预期产生重大影响：70 年代中期、80 年代中期和 10 年代中期。”然而，与 70 年代和 80 年代臭名昭著的价格爆炸不同，在最新一集中，“页岩油革命”导致了重大<i>积极的</i>石油市场的供应冲击导致石油输出国组织在2014年捍卫其市场份额而不是油价。亚里德写道，油价面临下行压力，<b>导致向较低的通胀制度转变，这反映在消费者和市场通胀预期（密歇根大学 5-10 年和 5-5 年盈亏平衡）以及货币政策预期和期限溢价中。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/a506eed4b33e73391548c06fb0c26164\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Well not anymore,<b>because ESG is unwinding the shale oil revolution.</b>As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.</p><p><blockquote>不再是了，<b>因为ESG正在解开页岩油革命。</b>正如埃克森美孚和壳牌最近发生的事件所表明的那样，过去几个月，石油公司减少石油和天然气勘探并调整商业模式的压力显着增加。这反映在原油钻井平台数量上，原油钻井平台数量滞后于油价复苏，仅为2014年峰值的1/3。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e9ca397d4dc8887948badc33be1b0354\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Similarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.</p><p><blockquote>同样，欧洲的碳排放期货价格也大幅上涨：正如《华尔街日报》最近报道的那样，欧洲交易的碳信用额价格在过去12个月中上涨了135%，并且随着经济活动从疫情封锁中反弹，最近创下了一系列纪录。只有受房地产繁荣推动走高的木材被证明是更好的大宗商品投资。</blockquote></p><p> As Yared summarizes, \"<b>ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"</b>This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.&nbsp; Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.</p><p><blockquote>正如Yared总结的那样，“<b>ESG 是一种负面的供应冲击，它将商品和服务生产的气候成本内部化。”</b>这种负面供应冲击将导致通货膨胀，直到技术进步吸收这些成本。这可能需要数年时间。此外，在欧洲，它可能会获得足够的政治支持，从而证明采取更激进的财政政策是合理的，尽管德国或欧盟层面存在限制。</blockquote></p><p> To be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"<i><b>ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years</b></i><i>.</i>\"</p><p><blockquote>可以肯定的是，全球经济仍需应对电子商务的通货紧缩影响。然而，正如DB总结的那样，“<i><b>ESG、美联储的平均通胀目标制度和更加积极的财政政策（至少在美国中期选举之前）构成了一个新的强大组合，应该会支持比过去10年经历的更高的通胀环境</b></i><i>.</i>\"</blockquote></p><p> Commenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be&nbsp; harder to get oil out of the ground.<b>Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG</b>.\"</p><p><blockquote>DB 信贷策略师吉姆·里德 (Jim Reid) 在评论同事的观察时表示同意，并写道：“也许在 2010 年至 2015 年期间，采矿业的激增将是例外，而不是常态，而且在一个快速变化且对 ESG 越来越敏感的世界中，从地下开采石油将变得更加困难。<b>随着时间的推移，更普遍地为气候变化外部性定价可能会使事情变得更加昂贵。由于石油和能源，我们是否正处于通胀预期再次发生变化的边缘，这种变化在很大程度上是由于 ESG</b>.\"</blockquote></p><p> So in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.</p><p><blockquote>因此，如果还有人对当权派为何将 ESG 奉为圭臬感到困惑--提醒一下，ESG 并不是什么新鲜事，很多年前它曾被称为企业社会责任（CSR），甚至诺贝尔经济学家米尔顿-弗里德曼（Milton Friedman）在 50 年前也警告过 ESG 的颠覆性，当时他说，承担与公司业务直接相关的外部规定的 “社会责任 ”会打开无休止的压力和干扰的闸门--而此时，同一个当权派也不顾一切地将近 300 万亿美元的全球债务膨胀出去，现在你知道了： ESG 看起来就像是引发失控通货膨胀的催化剂。如果各国央行不能及时遏制它，整个发达国家可能很快就会陷入恶性通货膨胀。</blockquote></p><p> Which in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...</p><p><blockquote>这反过来也应该回答另一个紧迫的问题：为什么央行如此急于发行自己的数字可编程货币？嗯，在一个当局已经失去对所有其他货币渠道的控制的世界里，只需轻轻一按开关就能打开和关闭货币的能力将非常有用……</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation\">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":{},"source_url":"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145405384","content_text":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.\nAs Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significantpositivesupply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.\n\nWell not anymore,because ESG is unwinding the shale oil revolution.As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.\n\nSimilarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.\nAs Yared summarizes, \"ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.  Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.\nTo be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years.\"\nCommenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be  harder to get oil out of the ground.Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG.\"\nSo in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.\nWhich in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189912788,"gmtCreate":1623239369444,"gmtModify":1631890496877,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Meme is over. Too many stocks on wsb","listText":"Meme is over. Too many stocks on wsb","text":"Meme is over. Too many stocks on wsb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189912788","repostId":"2142600282","repostType":4,"isVote":1,"tweetType":1,"viewCount":3192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117710249,"gmtCreate":1623160405881,"gmtModify":1631890496883,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Need to read Reddit everyday now","listText":"Need to read Reddit everyday now","text":"Need to read Reddit everyday now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/117710249","repostId":"1117090296","repostType":4,"isVote":1,"tweetType":1,"viewCount":864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115197398,"gmtCreate":1622956708014,"gmtModify":1631891886811,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Bad timing","listText":"Bad timing","text":"Bad timing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/115197398","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","kind":"news","pubTimestamp":1622855773,"share":"https://www.laohunote.com/m/news/1106312903?lang=zh_CN&edition=full","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO<blockquote>美国 IPO 前一周：数字支付、心理健康服务等多元化 8 IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>  <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>  <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li> </ul> Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p><p><blockquote><ul><li>目前有八次IPO计划筹集37亿美元，涉及数字支付、心理健康服务等。</li><li>支付平台 Marqeta 计划以 124 亿美元的市值筹集 10 亿美元。</li><li>中国在线招聘平台看准计划以82亿美元的市值筹集8.64亿美元。</li></ul>目前有八次IPO计划筹集37亿美元，涉及数字支付、心理健康服务等。</blockquote></p><p> Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p><p><blockquote>支付平台<b>市场</b>(MQ) 计划以 124 亿美元的市值筹集 10 亿美元。该公司的平台允许企业启动和管理自己的卡计划，向客户或最终用户发行卡，以及授权和结算交易。Marqeta 发展迅速，其客户中包括 Affirm (AFRM) 和 DoorDash (DASH) 等品牌。</blockquote></p><p> Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p><p><blockquote>中国在线招聘平台<b>看准</b>(BZ) 计划以 82 亿美元的市值筹集 8.64 亿美元。看准的核心产品BOSS直聘是一个移动原生平台，促进求职者和企业客户之间的直接聊天。该公司声称，根据MAUs，它是2020年中国最大的在线招聘平台。</blockquote></p><p> Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p><p><blockquote>心理健康服务提供者<b>LifeStance健康</b>(LFST) 计划以 61 亿美元的市值筹集 6.4 亿美元。LifeStance表示，它已经建立了美国最大的门诊心理健康平台之一，截至2021年3月31日，在27个州的73个MSA雇佣了3300多名持牌心理健康临床医生。尽管息税前利润在2021年第一季度变为负值，但该公司仍表现出增长。</blockquote></p><p> Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p><p><blockquote>以色列的<b>星期一网</b>(MNDY) 计划以 68 亿美元的市值筹集 4.9 亿美元。monday.com允许组织轻松构建适合其需求的软件应用程序和工作管理工具。截至2021年3月31日，它为190多个国家200多个行业的近128,000名客户提供服务。Salesforce 和 Zoom 计划同时投资 1.5 亿美元进行私募。</blockquote></p><p> BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p><p><blockquote>BPO供应商<b>口袋</b>（任务）计划以25亿美元的市值筹集3.04亿美元。TaskUs是一家数字商业服务外包商，提供数字客户体验服务、内容安全服务和人工智能运营。截至2020年12月31日，该公司盈利且增长强劲，拥有100多家客户。</blockquote></p><p> Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p><p><blockquote>数据驱动营销平台<b>泽塔全球</b>(ZETA) 计划以 21 亿美元的市值筹集 2.5 亿美元。该公司的 Zeta 营销平台利用身份数据，通过电子邮件、社交媒体、网络、聊天、联网电视、视频和其他渠道锁定、联系和吸引消费者。Zeta 盈利，为 1,000 多名客户提供服务，到 2020 年将提供大约 5 亿次广告展示。</blockquote></p><p> Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p><p><blockquote>在线奢侈品市场<b>1stDibs</b>(DIBS) 计划以 7.73 亿美元的市值筹集 1.12 亿美元。1stDibs连接古董、古董和当代家具、家居装饰、珠宝、手表、艺术和时尚的买家和卖家。2020 年，该市场在过去一年中有超过 58,000 名买家进行了购买，平均每年总购买金额超过 5,500 美元。</blockquote></p><p> Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p><p><blockquote>中文在线辅导平台<b>掌门教育</b>(ZME) 计划以 19 亿美元的市值筹集 4300 万美元。掌门教育表示，自2017年以来，按收入计算，它一直是中国最大的在线K-12辅导服务提供商，2020年市场份额为32%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p><p><blockquote></blockquote></p><p> Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p><p><blockquote>预计将对 6 家公司进行街头调查，多达 11 家公司的禁售期将到期。</blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2021年6月3日，文艺复兴IPO指数年初至今下跌6.0%，而标普500上涨11.6%。Renaissance Capital 的 IPO ETF（纽约证券交易所股票代码：IPO）追踪该指数，持有量最大的 ETF 包括Zoom Video (ZM) 和优步 (UBER)。Renaissance International IPO 指数今年迄今下跌 1.1%，而 ACWX 指数上涨 10.5%。Renaissance Capital 的国际 IPO ETF（纽约证券交易所股票代码：IPOS）追踪该指数，持有的 ETF 包括 Nexi 和 EQT Partners。</blockquote></p><p></p>","source":"lsy1603787993745","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>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO<blockquote>美国 IPO 前一周：数字支付、心理健康服务等多元化 8 IPO</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\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO<blockquote>美国 IPO 前一周：数字支付、心理健康服务等多元化 8 IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-06-05 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>  <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>  <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li> </ul> Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p><p><blockquote><ul><li>目前有八次IPO计划筹集37亿美元，涉及数字支付、心理健康服务等。</li><li>支付平台 Marqeta 计划以 124 亿美元的市值筹集 10 亿美元。</li><li>中国在线招聘平台看准计划以82亿美元的市值筹集8.64亿美元。</li></ul>目前有八次IPO计划筹集37亿美元，涉及数字支付、心理健康服务等。</blockquote></p><p> Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p><p><blockquote>支付平台<b>市场</b>(MQ) 计划以 124 亿美元的市值筹集 10 亿美元。该公司的平台允许企业启动和管理自己的卡计划，向客户或最终用户发行卡，以及授权和结算交易。Marqeta 发展迅速，其客户中包括 Affirm (AFRM) 和 DoorDash (DASH) 等品牌。</blockquote></p><p> Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p><p><blockquote>中国在线招聘平台<b>看准</b>(BZ) 计划以 82 亿美元的市值筹集 8.64 亿美元。看准的核心产品BOSS直聘是一个移动原生平台，促进求职者和企业客户之间的直接聊天。该公司声称，根据MAUs，它是2020年中国最大的在线招聘平台。</blockquote></p><p> Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p><p><blockquote>心理健康服务提供者<b>LifeStance健康</b>(LFST) 计划以 61 亿美元的市值筹集 6.4 亿美元。LifeStance表示，它已经建立了美国最大的门诊心理健康平台之一，截至2021年3月31日，在27个州的73个MSA雇佣了3300多名持牌心理健康临床医生。尽管息税前利润在2021年第一季度变为负值，但该公司仍表现出增长。</blockquote></p><p> Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p><p><blockquote>以色列的<b>星期一网</b>(MNDY) 计划以 68 亿美元的市值筹集 4.9 亿美元。monday.com允许组织轻松构建适合其需求的软件应用程序和工作管理工具。截至2021年3月31日，它为190多个国家200多个行业的近128,000名客户提供服务。Salesforce 和 Zoom 计划同时投资 1.5 亿美元进行私募。</blockquote></p><p> BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p><p><blockquote>BPO供应商<b>口袋</b>（任务）计划以25亿美元的市值筹集3.04亿美元。TaskUs是一家数字商业服务外包商，提供数字客户体验服务、内容安全服务和人工智能运营。截至2020年12月31日，该公司盈利且增长强劲，拥有100多家客户。</blockquote></p><p> Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p><p><blockquote>数据驱动营销平台<b>泽塔全球</b>(ZETA) 计划以 21 亿美元的市值筹集 2.5 亿美元。该公司的 Zeta 营销平台利用身份数据，通过电子邮件、社交媒体、网络、聊天、联网电视、视频和其他渠道锁定、联系和吸引消费者。Zeta 盈利，为 1,000 多名客户提供服务，到 2020 年将提供大约 5 亿次广告展示。</blockquote></p><p> Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p><p><blockquote>在线奢侈品市场<b>1stDibs</b>(DIBS) 计划以 7.73 亿美元的市值筹集 1.12 亿美元。1stDibs连接古董、古董和当代家具、家居装饰、珠宝、手表、艺术和时尚的买家和卖家。2020 年，该市场在过去一年中有超过 58,000 名买家进行了购买，平均每年总购买金额超过 5,500 美元。</blockquote></p><p> Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p><p><blockquote>中文在线辅导平台<b>掌门教育</b>(ZME) 计划以 19 亿美元的市值筹集 4300 万美元。掌门教育表示，自2017年以来，按收入计算，它一直是中国最大的在线K-12辅导服务提供商，2020年市场份额为32%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p><p><blockquote></blockquote></p><p> Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p><p><blockquote>预计将对 6 家公司进行街头调查，多达 11 家公司的禁售期将到期。</blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2021年6月3日，文艺复兴IPO指数年初至今下跌6.0%，而标普500上涨11.6%。Renaissance Capital 的 IPO ETF（纽约证券交易所股票代码：IPO）追踪该指数，持有量最大的 ETF 包括Zoom Video (ZM) 和优步 (UBER)。Renaissance International IPO 指数今年迄今下跌 1.1%，而 ACWX 指数上涨 10.5%。Renaissance Capital 的国际 IPO ETF（纽约证券交易所股票代码：IPOS）追踪该指数，持有的 ETF 包括 Nexi 和 EQT Partners。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Renaissance Capital</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":{"MNDY":"Monday.com Ltd.",".IXIC":"NASDAQ Composite","BZ":"BOSS直聘","DIBS":"1stdibs.com Inc.","ZETA":"Zeta Global Holdings Corp.",".SPX":"S&P 500 Index",".DJI":"道琼斯","LFST":"LifeStance Health Group, Inc.","MQ":"Marqeta, Inc.","ZME":"掌门教育","TASK":"TaskUs Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1,"symbols_score_info":{"ZME":0.9,".IXIC":0.9,"MQ":0.9,"BZ":0.9,"LFST":0.9,"TASK":0.9,".SPX":0.9,"DIBS":0.9,".DJI":0.9,"MNDY":0.9,"ZETA":0.9}},"isVote":1,"tweetType":1,"viewCount":767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118281023,"gmtCreate":1622733554162,"gmtModify":1631891886816,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Ouch 🤕&nbsp;","listText":"Ouch 🤕&nbsp;","text":"Ouch 🤕","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/118281023","repostId":"1150102285","repostType":4,"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118337536,"gmtCreate":1622718810625,"gmtModify":1631891886820,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Damn I sold bb&nbsp;","listText":"Damn I sold bb&nbsp;","text":"Damn I sold bb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118337536","repostId":"1199260572","repostType":4,"repost":{"id":"1199260572","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":1622707331,"share":"https://www.laohunote.com/m/news/1199260572?lang=zh_CN&edition=full","pubTime":"2021-06-03 16:02","market":"us","language":"en","title":"Meme stocks are flying again in premarket trading<blockquote>模因股票在盘前交易中再次飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199260572","media":"Tiger Newspress","summary":"Meme stocks are flying again in premarket trading.BlackBerry,AMC Entertainment,Sundial Growers and GameStop climbed between 2% and 28%.BlackBerry Limited continues to see increased interest from retail investors and has now overtaken AMC Entertainment Holdings Inc. to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.The company has ","content":"<p>Meme stocks are flying again in premarket trading.BlackBerry,AMC&nbsp;Entertainment,Sundial&nbsp;Growers&nbsp;and&nbsp;GameStop&nbsp;climbed between 2% and 28%.</p><p><blockquote>迷因股票在盘前交易中再次飙升.黑莓、AMC娱乐、日晷种植者和游戏驿站上涨了2%至28%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cbc960badd90a595952eb8ae3d0634dd\" tg-width=\"372\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>BlackBerry Limited</b>&nbsp;continues to see increased interest from retail investors and has now overtaken&nbsp;<b>AMC Entertainment Holdings Inc.</b>&nbsp;to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.</p><p><blockquote><b>黑莓有限公司</b>散户投资者的兴趣继续增加，现已超过<b>AMC院线控股公司。</b>成为 Reddit 的 r/WallStreetBets 论坛上被提及次数最多的股票。</blockquote></p><p>The&nbsp;moonshot surge&nbsp;in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.</p><p><blockquote>AMC院线控股公司股价的飙升使其跻身全球最有价值公司之列。</blockquote></p><p>The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a&nbsp;retail-trading frenzy&nbsp;on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&amp;P 500 Index.</p><p><blockquote>该公司在几个月的时间里从小盘股变成了大盘股。在周三的零售交易狂潮中，这家连锁影院的市值上涨了 95%，使其市值达到 313 亿美元。这使得它比标普500指数中一半的公司更有价值。</blockquote></p><p>Paper losses from the bearish wagers on 10 of the most-shorted U.S. shares amounted to $4.5 billion Wednesday, according to Peter Hillerberg, co-founder of analytics provider Ortex. That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stock’s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath &amp; Beyond Inc.</p><p><blockquote>分析提供商 Ortex 联合创始人彼得·希勒伯格 (Peter Hillerberg) 表示，周三对 10 只卖空最多的美国股票的看跌押注造成的账面损失达 45 亿美元。这其中包括AMC院线控股公司（Martin Holdings Inc.）在股价飙升 95% 后出现的 27.5 亿美元未实现亏损，在加入游戏驿站公司（Martin Corp.）和 Bed Bath &amp; Beyond Inc.</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>Meme stocks are flying again in premarket trading<blockquote>模因股票在盘前交易中再次飙升</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\">\nMeme stocks are flying again in premarket trading<blockquote>模因股票在盘前交易中再次飙升</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\">2021-06-03 16:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Meme stocks are flying again in premarket trading.BlackBerry,AMC&nbsp;Entertainment,Sundial&nbsp;Growers&nbsp;and&nbsp;GameStop&nbsp;climbed between 2% and 28%.</p><p><blockquote>迷因股票在盘前交易中再次飙升.黑莓、AMC娱乐、日晷种植者和游戏驿站上涨了2%至28%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cbc960badd90a595952eb8ae3d0634dd\" tg-width=\"372\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>BlackBerry Limited</b>&nbsp;continues to see increased interest from retail investors and has now overtaken&nbsp;<b>AMC Entertainment Holdings Inc.</b>&nbsp;to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.</p><p><blockquote><b>黑莓有限公司</b>散户投资者的兴趣继续增加，现已超过<b>AMC院线控股公司。</b>成为 Reddit 的 r/WallStreetBets 论坛上被提及次数最多的股票。</blockquote></p><p>The&nbsp;moonshot surge&nbsp;in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.</p><p><blockquote>AMC院线控股公司股价的飙升使其跻身全球最有价值公司之列。</blockquote></p><p>The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a&nbsp;retail-trading frenzy&nbsp;on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&amp;P 500 Index.</p><p><blockquote>该公司在几个月的时间里从小盘股变成了大盘股。在周三的零售交易狂潮中，这家连锁影院的市值上涨了 95%，使其市值达到 313 亿美元。这使得它比标普500指数中一半的公司更有价值。</blockquote></p><p>Paper losses from the bearish wagers on 10 of the most-shorted U.S. shares amounted to $4.5 billion Wednesday, according to Peter Hillerberg, co-founder of analytics provider Ortex. That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stock’s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath &amp; Beyond Inc.</p><p><blockquote>分析提供商 Ortex 联合创始人彼得·希勒伯格 (Peter Hillerberg) 表示，周三对 10 只卖空最多的美国股票的看跌押注造成的账面损失达 45 亿美元。这其中包括AMC院线控股公司（Martin Holdings Inc.）在股价飙升 95% 后出现的 27.5 亿美元未实现亏损，在加入游戏驿站公司（Martin Corp.）和 Bed Bath &amp; Beyond Inc.</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SNDL":"SNDL Inc.","BB":"黑莓","KOSS":"高斯电子","EXPR":"Express, Inc.","NOK":"诺基亚","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199260572","content_text":"Meme stocks are flying again in premarket trading.BlackBerry,AMC Entertainment,Sundial Growers and GameStop climbed between 2% and 28%.BlackBerry Limited continues to see increased interest from retail investors and has now overtaken AMC Entertainment Holdings Inc. to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a retail-trading frenzy on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&P 500 Index.Paper losses from the bearish wagers on 10 of the most-shorted U.S. shares amounted to $4.5 billion Wednesday, according to Peter Hillerberg, co-founder of analytics provider Ortex. That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stock’s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath & Beyond Inc.","news_type":1,"symbols_score_info":{"AMC":0.9,"EXPR":0.9,"BB":0.9,"NOK":0.9,"GME":0.9,"BBBY":0.9,"SNDL":0.9,"KOSS":0.9}},"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113674417,"gmtCreate":1622615387639,"gmtModify":1631891886820,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Long term play","listText":"Long term play","text":"Long term play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/113674417","repostId":"2140978814","repostType":4,"isVote":1,"tweetType":1,"viewCount":621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119332966,"gmtCreate":1622518372655,"gmtModify":1631891886824,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"So fast included in index&nbsp;","listText":"So fast included in index&nbsp;","text":"So fast included in index","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119332966","repostId":"2140457902","repostType":4,"repost":{"id":"2140457902","kind":"highlight","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":1622516312,"share":"https://www.laohunote.com/m/news/2140457902?lang=zh_CN&edition=full","pubTime":"2021-06-01 10:58","market":"hk","language":"en","title":"JD Logistics rises on inclusion in Hang Seng Composite Index<blockquote>京东物流纳入恒生综合指数股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2140457902","media":"Tiger Newspress","summary":"Shares of JD Logistics Inc rise as much as 5.7% to HK$43.9, the ninth most actively traded by turnover.Hang Seng Indexes Company says JD Logistics meets the Fast Entry Rule of various indexes and will be added to Hang Seng Composite Index and sub-indexes effective June 11 JD Logistics, spun off from e-commerce major JD.Com Inc began trading on May 28. It raised $3.16 bln in its IPO, the second-largest in Hong Kong so far in 2021. Shares of JD.Com climb 2.7% to HK$299, the highest since  May 7. T","content":"<p>Shares of JD Logistics Inc rise as much as 5.7% to HK$43.9, the ninth most actively traded by turnover.<img src=\"https://static.tigerbbs.com/5b8100b261190b1798a8289b8c1ec9d0\" tg-width=\"840\" tg-height=\"470\">Hang Seng Indexes Company says JD Logistics meets the Fast Entry Rule of various indexes and will be added to Hang Seng Composite Index and sub-indexes effective June 11&nbsp;JD Logistics, spun off from e-commerce major JD.Com Inc&nbsp;began trading on May 28</p><p><blockquote>京东物流股价上涨5.7%，至43.9港元，成交量排名第九。恒生指数公司称京东物流符合各指数快速进入规则，将于6月11日起纳入恒生综合指数及子指数 从电子商务巨头京东分拆出来的京东物流于5月28日开始交易</blockquote></p><p>It raised $3.16 bln in its IPO, the second-largest in Hong Kong so far in 2021</p><p><blockquote>该公司在首次公开募股中筹集了 31.6 亿美元，是 2021 年迄今为止香港第二大首次公开募股</blockquote></p><p>Shares of JD.Com climb 2.7% to HK$299, the highest since  May 7</p><p><blockquote>京东股价上涨2.7%至299港元，为5月7日以来最高</blockquote></p><p>The Hong Kong Hang Seng sub-index tracking information technology firms rises 2%, and the Hang Seng Tech Index climbs 1.3%</p><p><blockquote>跟踪信息技术公司的香港恒生分类指数上涨2%，恒生科技指数上涨1.3%</blockquote></p><p>The Hang Seng China enterprises index eases 0.1%, while the benchmark index edges up 0.1%</p><p><blockquote>恒生中国企业指数下跌0.1%，基准指数小幅上涨0.1%</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics rises on inclusion in Hang Seng Composite Index<blockquote>京东物流纳入恒生综合指数股价上涨</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\">\nJD Logistics rises on inclusion in Hang Seng Composite Index<blockquote>京东物流纳入恒生综合指数股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-01 10:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Shares of JD Logistics Inc rise as much as 5.7% to HK$43.9, the ninth most actively traded by turnover.<img src=\"https://static.tigerbbs.com/5b8100b261190b1798a8289b8c1ec9d0\" tg-width=\"840\" tg-height=\"470\">Hang Seng Indexes Company says JD Logistics meets the Fast Entry Rule of various indexes and will be added to Hang Seng Composite Index and sub-indexes effective June 11&nbsp;JD Logistics, spun off from e-commerce major JD.Com Inc&nbsp;began trading on May 28</p><p><blockquote>京东物流股价上涨5.7%，至43.9港元，成交量排名第九。恒生指数公司称京东物流符合各指数快速进入规则，将于6月11日起纳入恒生综合指数及子指数 从电子商务巨头京东分拆出来的京东物流于5月28日开始交易</blockquote></p><p>It raised $3.16 bln in its IPO, the second-largest in Hong Kong so far in 2021</p><p><blockquote>该公司在首次公开募股中筹集了 31.6 亿美元，是 2021 年迄今为止香港第二大首次公开募股</blockquote></p><p>Shares of JD.Com climb 2.7% to HK$299, the highest since  May 7</p><p><blockquote>京东股价上涨2.7%至299港元，为5月7日以来最高</blockquote></p><p>The Hong Kong Hang Seng sub-index tracking information technology firms rises 2%, and the Hang Seng Tech Index climbs 1.3%</p><p><blockquote>跟踪信息技术公司的香港恒生分类指数上涨2%，恒生科技指数上涨1.3%</blockquote></p><p>The Hang Seng China enterprises index eases 0.1%, while the benchmark index edges up 0.1%</p><p><blockquote>恒生中国企业指数下跌0.1%，基准指数小幅上涨0.1%</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","02618":"京东物流","JD":"京东"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140457902","content_text":"Shares of JD Logistics Inc rise as much as 5.7% to HK$43.9, the ninth most actively traded by turnover.Hang Seng Indexes Company says JD Logistics meets the Fast Entry Rule of various indexes and will be added to Hang Seng Composite Index and sub-indexes effective June 11 JD Logistics, spun off from e-commerce major JD.Com Inc began trading on May 28It raised $3.16 bln in its IPO, the second-largest in Hong Kong so far in 2021Shares of JD.Com climb 2.7% to HK$299, the highest since  May 7The Hong Kong Hang Seng sub-index tracking information technology firms rises 2%, and the Hang Seng Tech Index climbs 1.3%The Hang Seng China enterprises index eases 0.1%, while the benchmark index edges up 0.1%","news_type":1,"symbols_score_info":{"90032":0.9,"09618":0.9,"JD":0.9,"02618":0.9}},"isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110651181,"gmtCreate":1622451453943,"gmtModify":1631891886825,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Spce 🤞","listText":"Spce 🤞","text":"Spce 🤞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/110651181","repostId":"2139648773","repostType":4,"repost":{"id":"2139648773","kind":"highlight","pubTimestamp":1622432618,"share":"https://www.laohunote.com/m/news/2139648773?lang=zh_CN&edition=full","pubTime":"2021-05-31 11:43","market":"hk","language":"en","title":"5 Tech Stocks To Watch In June 2021<blockquote>2021 年 6 月值得关注的 5 只科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2139648773","media":"Nasdaq","summary":"Four Benjamins will get you strong dividends and solid growth with these stocks.","content":"<p>Could These Top Tech Stocks Be Worth Investing In?</p><p><blockquote>这些顶级科技股值得投资吗？</blockquote></p><p>For investors looking for the most active stocks today,tech stockscould be in their sights. After all, the tech industry as a whole appears to be on the recovery in thestock market today. If anything, the growth story in tech remains the same. This is because tech companies will likely continue to innovate and compete, such is the nature of tech today. Not only would this benefit organizations and investors alike, but it would also accelerate the adoption of new technologies globally. Could this be enough to warrant investors taking advantage of the current weakness in the sector?</p><p><blockquote>对于寻找当今最活跃股票的投资者来说，科技股可能会成为他们的目标。毕竟，今天的股市似乎正在复苏。如果说有什么不同的话，那就是科技领域的增长故事保持不变。这是因为科技公司可能会继续创新和竞争，这就是当今科技的本质。这不仅有利于组织和投资者，还将加速全球新技术的采用。这是否足以让投资者利用该行业当前的疲软？</blockquote></p><p>Well, like it or not, the world today is heavily reliant on tech. For example, we could look at the personal computer company <a href=\"https://laohu8.com/S/DVMT\">Dell</a> (NYSE: DELL). <a href=\"https://laohu8.com/S/JE\">Just</a> this week, Dell saw earnings of $2.13 a share, well above consensus projections of $1.61. The company cites strong demand for its desktops and laptops throughout the quarter for this performance. Indeed, the consumer tech industry continues to power on regardless of the state of the world.</p><p><blockquote>不管你喜不喜欢，当今世界严重依赖科技。例如，我们可以看看个人电脑公司<a href=\"https://laohu8.com/S/DVMT\">戴尔</a>（纽约证券交易所代码：戴尔）。<a href=\"https://laohu8.com/S/JE\">刚刚</a>本周，戴尔每股收益为 2.13 美元，远高于市场普遍预期的 1.61 美元。该公司表示，整个季度对其台式机和笔记本电脑的需求强劲，以实现这一性能。事实上，无论世界状况如何，消费科技行业都将继续蓬勃发展。</blockquote></p><p>Meanwhile, the booming cybersecurity industry is also making headlines today. This is because of <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>’s (NASDAQ: MSFT) latest blog post regarding the infamous SolarWinds (NYSE: SWI) hack. Essentially, Microsoft believes that the Russian hackers responsible have just launched another major cyberattack on over 150 organizations worldwide. As such, the need for tech as a means of defense in this modern age is greater than ever. No doubt, as the importance of tech continues to expand, tech stocks could become a more viable bet for investors. With that in mind, here are five top tech stocks in thestock marketnow.</p><p><blockquote>与此同时，蓬勃发展的网络安全行业也成为当今的头条新闻。这是因为<a href=\"https://laohu8.com/S/MSFT\">微软</a>（纳斯达克股票代码：MSFT）关于臭名昭著的太阳风公司（纽约证券交易所股票代码：SWI）黑客攻击事件的最新博文。从本质上讲，微软认为俄罗斯黑客刚刚对全球150多个组织发动了另一次重大网络攻击。因此，在这个现代社会，对技术作为一种防御手段的需求比以往任何时候都更大。毫无疑问，随着科技重要性的不断扩大，科技股可能会成为投资者更可行的选择。考虑到这一点，以下是目前股票市场上排名前五的科技股。</blockquote></p><p>Best Tech Stocks To Buy [Or Avoid]&nbsp;&nbsp;In June</p><p><blockquote>六月最值得购买[或避免]的科技股</blockquote></p><p><ul><li><b><a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>.</b>(NYSE: SPCE)</li><li><b><a href=\"https://laohu8.com/S/CRM\">Salesforce.com</a> Inc.</b>(NYSE: CRM)</li><li><b><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a>.</b>(NASDAQ: ROKU)</li><li><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc.</b>(NASDAQ: PYPL)</li><li><b><a href=\"https://laohu8.com/S/TWLO\">Twilio</a> Inc.</b>(NYSE: TWLO)</li></ul><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a> Holdings Inc.</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/SPCE.WS\">维珍银河控股公司</a>.</b>（纽约证券交易所代码：SPCE）</li><li><b><a href=\"https://laohu8.com/S/CRM\">销售力量网站</a>公司。</b>（纽约证券交易所代码：CRM）</li><li><b><a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>.</b>（纳斯达克：ROKU）</li><li><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股公司。</b>（纳斯达克：PYPL）</li><li><b><a href=\"https://laohu8.com/S/TWLO\">特维利奥</a>公司。</b>（纽约证券交易所代码：TWLO）</li></ul><a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>控股公司。</blockquote></p><p>Virgin is a spaceflight company that develops commercial spacecraft. The company aims to provide suborbital spaceflights to space tourists in the near future. Also, it is a vertically integrated aerospace company and uses its proprietary and reusable technologies for both private individuals and researchers. SPCE stock currently trades at $32.23 as of 2:19 p.m. ET and is up by over 50% since the start of the month.</p><p><blockquote>维珍是一家开发商业航天器的航天公司。该公司的目标是在不久的将来为太空游客提供亚轨道太空飞行。此外，它是一家垂直整合的航空航天公司，为私人和研究人员使用其专有和可重复使用的技术。截至美国东部时间下午 2:19，SPCE 股票目前交易价格为 32.23 美元，自本月初以来已上涨超过 50%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/bc517907c09af08e997c7ae41bd725b3\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: <a href=\"https://laohu8.com/S/AMTD\">TD Ameritrade</a> TOS</p><p><blockquote>来源：<a href=\"https://laohu8.com/S/AMTD\">德美利证券</a>咳嗽</blockquote></p><p>On May 22, 2021, the company announced that it had successfully completed its first human spaceflight from Spaceport America, <a href=\"https://laohu8.com/S/NGD\">New</a> Mexico. In detail, its VSS <a href=\"https://laohu8.com/S/UNTY\">Unity</a> achieved a speed of Mach 3 after being released from the mothership VMS Eve and reached space at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.</p><p><blockquote>2021年5月22日，该公司宣布从美国太空港成功完成首次载人航天飞行，<a href=\"https://laohu8.com/S/NGD\">新的</a>墨西哥。具体来说，它的VSS<a href=\"https://laohu8.com/S/UNTY\">团结</a>从母船 VMS Eve 释放后达到了 3 马赫的速度，并在 55.45 英里的高度到达太空，然后平稳滑翔到美国航天港的跑道着陆。</blockquote></p><p>It has successfully completed a number of test objectives during the flight. This includes carrying out revenue-generating scientific research experiments as part of NASA’s Flight Opportunities Program and testing the spaceship’s upgraded horizontal stabilizers and flight controls. For these reasons, will you consider buying SPCE stock?</p><p><blockquote>它在飞行过程中顺利完成了多项测试目标。这包括作为美国国家航空航天局飞行机会计划的一部分，开展创收科学研究实验，以及测试航天器升级后的水平稳定器和飞行控制器。出于这些原因，您会考虑购买 SPCE 股票吗？</blockquote></p><p>Salesforce.com Inc.</p><p><blockquote>Salesforce.com公司</blockquote></p><p>Salesforce is a cloud-based software company that is headquartered in San Francisco, California. It provides customer relationship management service and also provides a complementary suite of enterprise applications. CRM stock currently trades at $239.45 as of 2:20 p.m. ET. Yesterday, the company reported strong first-quarter financials.</p><p><blockquote>Salesforce是一家基于云的软件公司，总部位于加利福尼亚州旧金山。它提供客户关系管理服务，还提供一套补充的企业应用。截至美国东部时间下午2点20分，CRM股票目前交易价格为239.45美元。昨天，该公司公布了强劲的第一季度财务数据。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36fe7f1877bb3dd777dfe009458bb52c\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>In it, Salesforce reported a revenue of $5.96 billion for the quarter, a 23% increase year-over-year. It also says that it currently has a remaining performance obligation of approximately $17.8 billion, up by 23% year-over-year. Salesforce says that this is the best first quarter in its company’s history so far. Its</p><p><blockquote>在 it 方面，Salesforce 报告本季度收入为 59.6 亿美元，同比增长 23%。该公司还表示，目前剩余履约义务约为178亿美元，同比增长23%。Salesforce 表示，这是该公司迄今为止历史上最好的第一季度。它的</blockquote></p><p>Its Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic. It is also raising its revenue guidance for this fiscal year by $250 million to approximately $26 billion. Given the excitement surrounding the company, will you add CRM stock to your portfolio?</p><p><blockquote>事实证明，其客户360平台是加速走出疫情的公司最相关的技术。该公司还将本财年的收入指引提高了 2.5 亿美元，达到约 260 亿美元。鉴于围绕该公司的兴奋，您会将 CRM 股票添加到您的投资组合中吗？</blockquote></p><p>Roku Inc.</p><p><blockquote>Roku公司。</blockquote></p><p></p><p>Roku is a tech company that essentially pioneered streaming for TVs. In essence, it is an advertising business and its streaming devices also offer access to streaming services like <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> (NASDAQ: NFLX). Millions of people across the world use Roku’s streaming devices. Its platform enables content providers and advertisers to reach a massive and highly engaged consumer audience. ROKU stock currently trades at $350.13 as of 2:20 p.m. ET.</p><p><blockquote>Roku是一家科技公司，本质上是电视流媒体的先驱。从本质上讲，它是一家广告业务，其流媒体设备还提供对流媒体服务的访问，例如<a href=\"https://laohu8.com/S/NFLX\">网飞</a>（纳斯达克：NFLX）。全球有数百万人使用Roku的流媒体设备。其平台使内容提供商和广告商能够接触到大量且高度参与度的消费者受众。截至美国东部时间下午 2:20，ROKU股价目前为 350.13 美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/20f5e5430f516a2d913dd6a11d79e4a6\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>On Thursday, the company announced a landmark agreement with Saban Films. The agreement will grant Roku the pay-<a href=\"https://laohu8.com/S/AONE\">one</a> window streaming rights to movies released by Saban Films. Under the agreement, a selection of Saban’s 2021 film slate will stream free exclusively on Roku’s ad-supported streaming service, The Roku Channel.</p><p><blockquote>周四，该公司宣布与萨班电影公司达成一项具有里程碑意义的协议。该协议将授予Roku支付-<a href=\"https://laohu8.com/S/AONE\">一</a>萨班电影公司发行的电影的窗口流媒体权利。根据协议，萨班 2021 年的部分影片将在Roku广告支持的流媒体服务Roku频道上独家免费播放。</blockquote></p><p>“<i>Saban Films is a great partner with a history of creating standout films,</i>” said Rob Holmes, <a href=\"https://laohu8.com/S/VP..UK\">VP</a> of Programming for Roku. “<i>This first-of-its-kind agreement allows us to bring these compelling films exclusively to our large, engaged audience for free, and to build upon the incredible growth of The Roku Channel.</i>” With that in mind, will you consider buying ROKU stock?</p><p><blockquote>“<i>Saban Films是一个伟大的合作伙伴，</i>罗伯·福尔摩斯说，<a href=\"https://laohu8.com/S/VP..UK\">副总裁</a>为Roku编程。<i>这项首创的协议使我们能够免费将这些引人注目的电影独家带给我们庞大的、参与的观众，并在Roku频道令人难以置信的增长的基础上再接再厉。</i>“考虑到这一点，你会考虑购买ROKU股票吗？</blockquote></p><p>PayPal Holdings Inc.</p><p><blockquote>PayPal控股公司。</blockquote></p><p>PayPal is an online payment system that is used in the majority of countries that support online money transfers. The company is committed to democratizing financial services and empowering both people and businesses to thrive in this globalized economy. Its open digital payments platform is used by over 325 million active account holders. PYPL stock currently trades at $261.22 as of 2:21 p.m. ET.</p><p><blockquote>PayPal是一个在线支付系统，在大多数支持在线汇款的国家使用。该公司致力于金融服务的民主化，并赋予个人和企业在全球化经济中蓬勃发展的权力。其开放的数字支付平台被超过3.25亿活跃账户持有人使用。截至美国东部时间下午 2:21，PYPL 股票目前交易价格为 261.22 美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b979aa52bf024c4f143374aed1fbca1c\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>Last month, the company announced the launch of crypto on Venmo. This would allow for Venmo’s more than 70 million customers to buy, hold, and sell cryptocurrency directly within the Venmo app. <a href=\"https://laohu8.com/S/CUBI\">Customers</a> using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin, Etheruem, Litecoin, and Bitcoin Cash. Is PYPL stock worth buying given the prominence of digital payments and online transactions in 2021?</p><p><blockquote>上个月，该公司宣布在 Venmo 上推出 crypto。这将使 Venmo 的 7000 多万客户能够直接在 Venmo 应用程序中购买、持有和出售加密货币。<a href=\"https://laohu8.com/S/CUBI\">客户</a>在Venmo上使用crypto可以从四种类型的加密货币中进行选择：比特币、以太坊、莱特币和比特币现金。鉴于 2021 年数字支付和在线交易的突出地位，PYPL 股票值得购买吗？</blockquote></p><p>Twilio Inc.</p><p><blockquote>特维利奥公司。</blockquote></p><p>Another top tech company in focus now would be Twilio. In brief, Twilio is a San Francisco-based tech company that provides cloud communication services. Through its platform-as-a-service model, Twilio allows software developers to program communication lines between organizations and their customers. Now, this resulted in TWLO stock becoming <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the hottest tech stocks of 2020 as the pandemic created a massive demand for Twilio’s offerings. TWLO stock currently trades at $337.70 as of 2:21 p.m. ET. Could now be the time for investors to buy in?</p><p><blockquote>现在关注的另一家顶级科技公司是 Twilio。简而言之，Twilio是一家总部位于旧金山的科技公司，提供云通信服务。通过其平台即服务模式，Twilio允许软件开发人员对组织与其客户之间的通信线路进行编程。现在，这导致 TWLO 股票成为<a href=\"https://laohu8.com/S/AONE.U\">一</a>大流行病为 Twilio 的产品创造了巨大的需求，成为 2020 年最热门的科技股之一。截至美国东部时间下午 2:21，TWLO 股票目前交易价格为 337.70 美元。现在可能是投资者买入的时候了吗？</blockquote></p><p><img src=\"https://static.tigerbbs.com/3d6f1646f2e118e1d7872e06530d6ab1\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>If anything, Twilio has been busy expanding its current offerings. Earlier this week, the company launched its Super SIM (SS), cellular Internet of Things (IoT) connectivity platform. In a nutshell, SS works with Twilio’s existing electronic SIM card services to provide organizations with best-in-class IoT connectivity.</p><p><blockquote>如果说有什么不同的话，那就是 Twilio 一直在忙于扩展其当前的产品。本周早些时候，该公司推出了蜂窝物联网（IoT）连接平台Super SIM（SS）。简而言之，SS 与 Twilio 现有的电子 SIM 卡服务合作，为企业提供一流的物联网连接。</blockquote></p><p>Moreover, the company also acquired leading provider of toll-free messaging in the U.S., Zipwhip, earlier this month. Through this acquisition, Twilio would be significantly expanding its toll-free messaging services. As the company kicks into high gear, would you consider TWLO stock a buy?</p><p><blockquote>此外，该公司还在本月早些时候收购了美国领先的免费消息提供商Zipwhip。通过此次收购，Twilio 将显着扩展其免费消息服务。随着公司进入高速发展，您会考虑买入 TWLO 股票吗？</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映作者的观点和意见<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>，公司。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Tech Stocks To Watch In June 2021<blockquote>2021 年 6 月值得关注的 5 只科技股</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\">\n5 Tech Stocks To Watch In June 2021<blockquote>2021 年 6 月值得关注的 5 只科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-05-31 11:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Could These Top Tech Stocks Be Worth Investing In?</p><p><blockquote>这些顶级科技股值得投资吗？</blockquote></p><p>For investors looking for the most active stocks today,tech stockscould be in their sights. After all, the tech industry as a whole appears to be on the recovery in thestock market today. If anything, the growth story in tech remains the same. This is because tech companies will likely continue to innovate and compete, such is the nature of tech today. Not only would this benefit organizations and investors alike, but it would also accelerate the adoption of new technologies globally. Could this be enough to warrant investors taking advantage of the current weakness in the sector?</p><p><blockquote>对于寻找当今最活跃股票的投资者来说，科技股可能会成为他们的目标。毕竟，今天的股市似乎正在复苏。如果说有什么不同的话，那就是科技领域的增长故事保持不变。这是因为科技公司可能会继续创新和竞争，这就是当今科技的本质。这不仅有利于组织和投资者，还将加速全球新技术的采用。这是否足以让投资者利用该行业当前的疲软？</blockquote></p><p>Well, like it or not, the world today is heavily reliant on tech. For example, we could look at the personal computer company <a href=\"https://laohu8.com/S/DVMT\">Dell</a> (NYSE: DELL). <a href=\"https://laohu8.com/S/JE\">Just</a> this week, Dell saw earnings of $2.13 a share, well above consensus projections of $1.61. The company cites strong demand for its desktops and laptops throughout the quarter for this performance. Indeed, the consumer tech industry continues to power on regardless of the state of the world.</p><p><blockquote>不管你喜不喜欢，当今世界严重依赖科技。例如，我们可以看看个人电脑公司<a href=\"https://laohu8.com/S/DVMT\">戴尔</a>（纽约证券交易所代码：戴尔）。<a href=\"https://laohu8.com/S/JE\">刚刚</a>本周，戴尔每股收益为 2.13 美元，远高于市场普遍预期的 1.61 美元。该公司表示，整个季度对其台式机和笔记本电脑的需求强劲，以实现这一性能。事实上，无论世界状况如何，消费科技行业都将继续蓬勃发展。</blockquote></p><p>Meanwhile, the booming cybersecurity industry is also making headlines today. This is because of <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>’s (NASDAQ: MSFT) latest blog post regarding the infamous SolarWinds (NYSE: SWI) hack. Essentially, Microsoft believes that the Russian hackers responsible have just launched another major cyberattack on over 150 organizations worldwide. As such, the need for tech as a means of defense in this modern age is greater than ever. No doubt, as the importance of tech continues to expand, tech stocks could become a more viable bet for investors. With that in mind, here are five top tech stocks in thestock marketnow.</p><p><blockquote>与此同时，蓬勃发展的网络安全行业也成为当今的头条新闻。这是因为<a href=\"https://laohu8.com/S/MSFT\">微软</a>（纳斯达克股票代码：MSFT）关于臭名昭著的太阳风公司（纽约证券交易所股票代码：SWI）黑客攻击事件的最新博文。从本质上讲，微软认为俄罗斯黑客刚刚对全球150多个组织发动了另一次重大网络攻击。因此，在这个现代社会，对技术作为一种防御手段的需求比以往任何时候都更大。毫无疑问，随着科技重要性的不断扩大，科技股可能会成为投资者更可行的选择。考虑到这一点，以下是目前股票市场上排名前五的科技股。</blockquote></p><p>Best Tech Stocks To Buy [Or Avoid]&nbsp;&nbsp;In June</p><p><blockquote>六月最值得购买[或避免]的科技股</blockquote></p><p><ul><li><b><a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>.</b>(NYSE: SPCE)</li><li><b><a href=\"https://laohu8.com/S/CRM\">Salesforce.com</a> Inc.</b>(NYSE: CRM)</li><li><b><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a>.</b>(NASDAQ: ROKU)</li><li><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc.</b>(NASDAQ: PYPL)</li><li><b><a href=\"https://laohu8.com/S/TWLO\">Twilio</a> Inc.</b>(NYSE: TWLO)</li></ul><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a> Holdings Inc.</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/SPCE.WS\">维珍银河控股公司</a>.</b>（纽约证券交易所代码：SPCE）</li><li><b><a href=\"https://laohu8.com/S/CRM\">销售力量网站</a>公司。</b>（纽约证券交易所代码：CRM）</li><li><b><a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>.</b>（纳斯达克：ROKU）</li><li><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股公司。</b>（纳斯达克：PYPL）</li><li><b><a href=\"https://laohu8.com/S/TWLO\">特维利奥</a>公司。</b>（纽约证券交易所代码：TWLO）</li></ul><a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>控股公司。</blockquote></p><p>Virgin is a spaceflight company that develops commercial spacecraft. The company aims to provide suborbital spaceflights to space tourists in the near future. Also, it is a vertically integrated aerospace company and uses its proprietary and reusable technologies for both private individuals and researchers. SPCE stock currently trades at $32.23 as of 2:19 p.m. ET and is up by over 50% since the start of the month.</p><p><blockquote>维珍是一家开发商业航天器的航天公司。该公司的目标是在不久的将来为太空游客提供亚轨道太空飞行。此外，它是一家垂直整合的航空航天公司，为私人和研究人员使用其专有和可重复使用的技术。截至美国东部时间下午 2:19，SPCE 股票目前交易价格为 32.23 美元，自本月初以来已上涨超过 50%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/bc517907c09af08e997c7ae41bd725b3\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: <a href=\"https://laohu8.com/S/AMTD\">TD Ameritrade</a> TOS</p><p><blockquote>来源：<a href=\"https://laohu8.com/S/AMTD\">德美利证券</a>咳嗽</blockquote></p><p>On May 22, 2021, the company announced that it had successfully completed its first human spaceflight from Spaceport America, <a href=\"https://laohu8.com/S/NGD\">New</a> Mexico. In detail, its VSS <a href=\"https://laohu8.com/S/UNTY\">Unity</a> achieved a speed of Mach 3 after being released from the mothership VMS Eve and reached space at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.</p><p><blockquote>2021年5月22日，该公司宣布从美国太空港成功完成首次载人航天飞行，<a href=\"https://laohu8.com/S/NGD\">新的</a>墨西哥。具体来说，它的VSS<a href=\"https://laohu8.com/S/UNTY\">团结</a>从母船 VMS Eve 释放后达到了 3 马赫的速度，并在 55.45 英里的高度到达太空，然后平稳滑翔到美国航天港的跑道着陆。</blockquote></p><p>It has successfully completed a number of test objectives during the flight. This includes carrying out revenue-generating scientific research experiments as part of NASA’s Flight Opportunities Program and testing the spaceship’s upgraded horizontal stabilizers and flight controls. For these reasons, will you consider buying SPCE stock?</p><p><blockquote>它在飞行过程中顺利完成了多项测试目标。这包括作为美国国家航空航天局飞行机会计划的一部分，开展创收科学研究实验，以及测试航天器升级后的水平稳定器和飞行控制器。出于这些原因，您会考虑购买 SPCE 股票吗？</blockquote></p><p>Salesforce.com Inc.</p><p><blockquote>Salesforce.com公司</blockquote></p><p>Salesforce is a cloud-based software company that is headquartered in San Francisco, California. It provides customer relationship management service and also provides a complementary suite of enterprise applications. CRM stock currently trades at $239.45 as of 2:20 p.m. ET. Yesterday, the company reported strong first-quarter financials.</p><p><blockquote>Salesforce是一家基于云的软件公司，总部位于加利福尼亚州旧金山。它提供客户关系管理服务，还提供一套补充的企业应用。截至美国东部时间下午2点20分，CRM股票目前交易价格为239.45美元。昨天，该公司公布了强劲的第一季度财务数据。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36fe7f1877bb3dd777dfe009458bb52c\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>In it, Salesforce reported a revenue of $5.96 billion for the quarter, a 23% increase year-over-year. It also says that it currently has a remaining performance obligation of approximately $17.8 billion, up by 23% year-over-year. Salesforce says that this is the best first quarter in its company’s history so far. Its</p><p><blockquote>在 it 方面，Salesforce 报告本季度收入为 59.6 亿美元，同比增长 23%。该公司还表示，目前剩余履约义务约为178亿美元，同比增长23%。Salesforce 表示，这是该公司迄今为止历史上最好的第一季度。它的</blockquote></p><p>Its Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic. It is also raising its revenue guidance for this fiscal year by $250 million to approximately $26 billion. Given the excitement surrounding the company, will you add CRM stock to your portfolio?</p><p><blockquote>事实证明，其客户360平台是加速走出疫情的公司最相关的技术。该公司还将本财年的收入指引提高了 2.5 亿美元，达到约 260 亿美元。鉴于围绕该公司的兴奋，您会将 CRM 股票添加到您的投资组合中吗？</blockquote></p><p>Roku Inc.</p><p><blockquote>Roku公司。</blockquote></p><p></p><p>Roku is a tech company that essentially pioneered streaming for TVs. In essence, it is an advertising business and its streaming devices also offer access to streaming services like <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> (NASDAQ: NFLX). Millions of people across the world use Roku’s streaming devices. Its platform enables content providers and advertisers to reach a massive and highly engaged consumer audience. ROKU stock currently trades at $350.13 as of 2:20 p.m. ET.</p><p><blockquote>Roku是一家科技公司，本质上是电视流媒体的先驱。从本质上讲，它是一家广告业务，其流媒体设备还提供对流媒体服务的访问，例如<a href=\"https://laohu8.com/S/NFLX\">网飞</a>（纳斯达克：NFLX）。全球有数百万人使用Roku的流媒体设备。其平台使内容提供商和广告商能够接触到大量且高度参与度的消费者受众。截至美国东部时间下午 2:20，ROKU股价目前为 350.13 美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/20f5e5430f516a2d913dd6a11d79e4a6\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>On Thursday, the company announced a landmark agreement with Saban Films. The agreement will grant Roku the pay-<a href=\"https://laohu8.com/S/AONE\">one</a> window streaming rights to movies released by Saban Films. Under the agreement, a selection of Saban’s 2021 film slate will stream free exclusively on Roku’s ad-supported streaming service, The Roku Channel.</p><p><blockquote>周四，该公司宣布与萨班电影公司达成一项具有里程碑意义的协议。该协议将授予Roku支付-<a href=\"https://laohu8.com/S/AONE\">一</a>萨班电影公司发行的电影的窗口流媒体权利。根据协议，萨班 2021 年的部分影片将在Roku广告支持的流媒体服务Roku频道上独家免费播放。</blockquote></p><p>“<i>Saban Films is a great partner with a history of creating standout films,</i>” said Rob Holmes, <a href=\"https://laohu8.com/S/VP..UK\">VP</a> of Programming for Roku. “<i>This first-of-its-kind agreement allows us to bring these compelling films exclusively to our large, engaged audience for free, and to build upon the incredible growth of The Roku Channel.</i>” With that in mind, will you consider buying ROKU stock?</p><p><blockquote>“<i>Saban Films是一个伟大的合作伙伴，</i>罗伯·福尔摩斯说，<a href=\"https://laohu8.com/S/VP..UK\">副总裁</a>为Roku编程。<i>这项首创的协议使我们能够免费将这些引人注目的电影独家带给我们庞大的、参与的观众，并在Roku频道令人难以置信的增长的基础上再接再厉。</i>“考虑到这一点，你会考虑购买ROKU股票吗？</blockquote></p><p>PayPal Holdings Inc.</p><p><blockquote>PayPal控股公司。</blockquote></p><p>PayPal is an online payment system that is used in the majority of countries that support online money transfers. The company is committed to democratizing financial services and empowering both people and businesses to thrive in this globalized economy. Its open digital payments platform is used by over 325 million active account holders. PYPL stock currently trades at $261.22 as of 2:21 p.m. ET.</p><p><blockquote>PayPal是一个在线支付系统，在大多数支持在线汇款的国家使用。该公司致力于金融服务的民主化，并赋予个人和企业在全球化经济中蓬勃发展的权力。其开放的数字支付平台被超过3.25亿活跃账户持有人使用。截至美国东部时间下午 2:21，PYPL 股票目前交易价格为 261.22 美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b979aa52bf024c4f143374aed1fbca1c\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>Last month, the company announced the launch of crypto on Venmo. This would allow for Venmo’s more than 70 million customers to buy, hold, and sell cryptocurrency directly within the Venmo app. <a href=\"https://laohu8.com/S/CUBI\">Customers</a> using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin, Etheruem, Litecoin, and Bitcoin Cash. Is PYPL stock worth buying given the prominence of digital payments and online transactions in 2021?</p><p><blockquote>上个月，该公司宣布在 Venmo 上推出 crypto。这将使 Venmo 的 7000 多万客户能够直接在 Venmo 应用程序中购买、持有和出售加密货币。<a href=\"https://laohu8.com/S/CUBI\">客户</a>在Venmo上使用crypto可以从四种类型的加密货币中进行选择：比特币、以太坊、莱特币和比特币现金。鉴于 2021 年数字支付和在线交易的突出地位，PYPL 股票值得购买吗？</blockquote></p><p>Twilio Inc.</p><p><blockquote>特维利奥公司。</blockquote></p><p>Another top tech company in focus now would be Twilio. In brief, Twilio is a San Francisco-based tech company that provides cloud communication services. Through its platform-as-a-service model, Twilio allows software developers to program communication lines between organizations and their customers. Now, this resulted in TWLO stock becoming <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the hottest tech stocks of 2020 as the pandemic created a massive demand for Twilio’s offerings. TWLO stock currently trades at $337.70 as of 2:21 p.m. ET. Could now be the time for investors to buy in?</p><p><blockquote>现在关注的另一家顶级科技公司是 Twilio。简而言之，Twilio是一家总部位于旧金山的科技公司，提供云通信服务。通过其平台即服务模式，Twilio允许软件开发人员对组织与其客户之间的通信线路进行编程。现在，这导致 TWLO 股票成为<a href=\"https://laohu8.com/S/AONE.U\">一</a>大流行病为 Twilio 的产品创造了巨大的需求，成为 2020 年最热门的科技股之一。截至美国东部时间下午 2:21，TWLO 股票目前交易价格为 337.70 美元。现在可能是投资者买入的时候了吗？</blockquote></p><p><img src=\"https://static.tigerbbs.com/3d6f1646f2e118e1d7872e06530d6ab1\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p><p><blockquote>资料来源：德美利证券服务条款</blockquote></p><p>If anything, Twilio has been busy expanding its current offerings. Earlier this week, the company launched its Super SIM (SS), cellular Internet of Things (IoT) connectivity platform. In a nutshell, SS works with Twilio’s existing electronic SIM card services to provide organizations with best-in-class IoT connectivity.</p><p><blockquote>如果说有什么不同的话，那就是 Twilio 一直在忙于扩展其当前的产品。本周早些时候，该公司推出了蜂窝物联网（IoT）连接平台Super SIM（SS）。简而言之，SS 与 Twilio 现有的电子 SIM 卡服务合作，为企业提供一流的物联网连接。</blockquote></p><p>Moreover, the company also acquired leading provider of toll-free messaging in the U.S., Zipwhip, earlier this month. Through this acquisition, Twilio would be significantly expanding its toll-free messaging services. As the company kicks into high gear, would you consider TWLO stock a buy?</p><p><blockquote>此外，该公司还在本月早些时候收购了美国领先的免费消息提供商Zipwhip。通过此次收购，Twilio 将显着扩展其免费消息服务。随着公司进入高速发展，您会考虑买入 TWLO 股票吗？</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映作者的观点和意见<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>，公司。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/5-tech-stocks-to-watch-in-june-2021-2021-05-28\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/5-tech-stocks-to-watch-in-june-2021-2021-05-28","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2139648773","content_text":"Could These Top Tech Stocks Be Worth Investing In?For investors looking for the most active stocks today,tech stockscould be in their sights. After all, the tech industry as a whole appears to be on the recovery in thestock market today. If anything, the growth story in tech remains the same. This is because tech companies will likely continue to innovate and compete, such is the nature of tech today. Not only would this benefit organizations and investors alike, but it would also accelerate the adoption of new technologies globally. Could this be enough to warrant investors taking advantage of the current weakness in the sector?Well, like it or not, the world today is heavily reliant on tech. For example, we could look at the personal computer company Dell (NYSE: DELL). Just this week, Dell saw earnings of $2.13 a share, well above consensus projections of $1.61. The company cites strong demand for its desktops and laptops throughout the quarter for this performance. Indeed, the consumer tech industry continues to power on regardless of the state of the world.Meanwhile, the booming cybersecurity industry is also making headlines today. This is because of Microsoft’s (NASDAQ: MSFT) latest blog post regarding the infamous SolarWinds (NYSE: SWI) hack. Essentially, Microsoft believes that the Russian hackers responsible have just launched another major cyberattack on over 150 organizations worldwide. As such, the need for tech as a means of defense in this modern age is greater than ever. No doubt, as the importance of tech continues to expand, tech stocks could become a more viable bet for investors. With that in mind, here are five top tech stocks in thestock marketnow.Best Tech Stocks To Buy [Or Avoid]  In JuneVirgin Galactic Holdings Inc.(NYSE: SPCE)Salesforce.com Inc.(NYSE: CRM)Roku Inc.(NASDAQ: ROKU)PayPal Holdings Inc.(NASDAQ: PYPL)Twilio Inc.(NYSE: TWLO)Virgin Galactic Holdings Inc.Virgin is a spaceflight company that develops commercial spacecraft. The company aims to provide suborbital spaceflights to space tourists in the near future. Also, it is a vertically integrated aerospace company and uses its proprietary and reusable technologies for both private individuals and researchers. SPCE stock currently trades at $32.23 as of 2:19 p.m. ET and is up by over 50% since the start of the month.Source: TD Ameritrade TOSOn May 22, 2021, the company announced that it had successfully completed its first human spaceflight from Spaceport America, New Mexico. In detail, its VSS Unity achieved a speed of Mach 3 after being released from the mothership VMS Eve and reached space at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.It has successfully completed a number of test objectives during the flight. This includes carrying out revenue-generating scientific research experiments as part of NASA’s Flight Opportunities Program and testing the spaceship’s upgraded horizontal stabilizers and flight controls. For these reasons, will you consider buying SPCE stock?Salesforce.com Inc.Salesforce is a cloud-based software company that is headquartered in San Francisco, California. It provides customer relationship management service and also provides a complementary suite of enterprise applications. CRM stock currently trades at $239.45 as of 2:20 p.m. ET. Yesterday, the company reported strong first-quarter financials.Source: TD Ameritrade TOSIn it, Salesforce reported a revenue of $5.96 billion for the quarter, a 23% increase year-over-year. It also says that it currently has a remaining performance obligation of approximately $17.8 billion, up by 23% year-over-year. Salesforce says that this is the best first quarter in its company’s history so far. ItsIts Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic. It is also raising its revenue guidance for this fiscal year by $250 million to approximately $26 billion. Given the excitement surrounding the company, will you add CRM stock to your portfolio?Roku Inc.Roku is a tech company that essentially pioneered streaming for TVs. In essence, it is an advertising business and its streaming devices also offer access to streaming services like Netflix (NASDAQ: NFLX). Millions of people across the world use Roku’s streaming devices. Its platform enables content providers and advertisers to reach a massive and highly engaged consumer audience. ROKU stock currently trades at $350.13 as of 2:20 p.m. ET.Source: TD Ameritrade TOSOn Thursday, the company announced a landmark agreement with Saban Films. The agreement will grant Roku the pay-one window streaming rights to movies released by Saban Films. Under the agreement, a selection of Saban’s 2021 film slate will stream free exclusively on Roku’s ad-supported streaming service, The Roku Channel.“Saban Films is a great partner with a history of creating standout films,” said Rob Holmes, VP of Programming for Roku. “This first-of-its-kind agreement allows us to bring these compelling films exclusively to our large, engaged audience for free, and to build upon the incredible growth of The Roku Channel.” With that in mind, will you consider buying ROKU stock?PayPal Holdings Inc.PayPal is an online payment system that is used in the majority of countries that support online money transfers. The company is committed to democratizing financial services and empowering both people and businesses to thrive in this globalized economy. Its open digital payments platform is used by over 325 million active account holders. PYPL stock currently trades at $261.22 as of 2:21 p.m. ET.Source: TD Ameritrade TOSLast month, the company announced the launch of crypto on Venmo. This would allow for Venmo’s more than 70 million customers to buy, hold, and sell cryptocurrency directly within the Venmo app. Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin, Etheruem, Litecoin, and Bitcoin Cash. Is PYPL stock worth buying given the prominence of digital payments and online transactions in 2021?Twilio Inc.Another top tech company in focus now would be Twilio. In brief, Twilio is a San Francisco-based tech company that provides cloud communication services. Through its platform-as-a-service model, Twilio allows software developers to program communication lines between organizations and their customers. Now, this resulted in TWLO stock becoming one of the hottest tech stocks of 2020 as the pandemic created a massive demand for Twilio’s offerings. TWLO stock currently trades at $337.70 as of 2:21 p.m. ET. Could now be the time for investors to buy in?Source: TD Ameritrade TOSIf anything, Twilio has been busy expanding its current offerings. Earlier this week, the company launched its Super SIM (SS), cellular Internet of Things (IoT) connectivity platform. In a nutshell, SS works with Twilio’s existing electronic SIM card services to provide organizations with best-in-class IoT connectivity.Moreover, the company also acquired leading provider of toll-free messaging in the U.S., Zipwhip, earlier this month. Through this acquisition, Twilio would be significantly expanding its toll-free messaging services. As the company kicks into high gear, would you consider TWLO stock a buy?The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110335780,"gmtCreate":1622425030840,"gmtModify":1631891886830,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Lulu 💪&nbsp;","listText":"Lulu 💪&nbsp;","text":"Lulu 💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/110335780","repostId":"1127487048","repostType":4,"repost":{"id":"1127487048","kind":"news","pubTimestamp":1622416539,"share":"https://www.laohunote.com/m/news/1127487048?lang=zh_CN&edition=full","pubTime":"2021-05-31 07:15","market":"us","language":"en","title":"Zoom, Lululemon, Canopy Growth and Other Stocks for Investors to See This Week<blockquote>Zoom、Lululemon、Canopy Growth 和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127487048","media":"Barron's","summary":"U.S. stock and bond markets are closed Monday for Memorial Day. Investors will return from the long ","content":"<p>U.S. stock and bond markets are closed Monday for Memorial Day. <a href=\"https://laohu8.com/S/ISBC\">Investors</a> will return from the long weekend to a handful of notable companies’ quarterly results.&nbsp;<a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video <a href=\"https://laohu8.com/S/JCS\">Communications</a>,Canopy Growth,and&nbsp;Hewlett Packard Enterprisereport on Tuesday, followed by&nbsp;Advance Auto Partson Wednesday. On Thursday,&nbsp;<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>,DocuSign,and&nbsp;Lululemon&nbsp;Athletica release results.</p><p><blockquote>美国股票和债券市场周一因阵亡将士纪念日休市。<a href=\"https://laohu8.com/S/ISBC\">投资者</a>我们将从长周末回到少数几家知名公司的季度业绩。<a href=\"https://laohu8.com/S/ZM\">缩放</a>录像<a href=\"https://laohu8.com/S/JCS\">通讯</a>Canopy Growth 和惠普企业报告将于周二发布，随后是周三发布的 Advance Auto Partson。周四，<a href=\"https://laohu8.com/S/AVGO\">博通</a>DocuSign 和 Lululemon Athletica 发布结果。</blockquote></p><p>The highlight on the economic-data calendar this week will be Friday’s May jobs report from the Bureau of Labor Statistics. The consensus forecast is for a gain of 700,000 nonfarm payrolls, after a disappointing 266,000 in April. The unemployment rate is expected to tick down&nbsp;to 5.9%, from 6.1%.</p><p><blockquote>本周经济数据日历上的重头戏将是周五美国劳工统计局发布的 5 月份就业报告。普遍预测非农就业人数将增加 70 万人，而 4 月份非农就业人数为令人失望的 26.6 万人。失业率预计将从 6.1% 降至 5.9%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for May on Tuesday and the Services equivalent on Thursday. Both are seen staying roughly even with April’s buoyant levels.&nbsp;The Organization for Economic Cooperation and Development also releases its latest economic outlook on Monday.</p><p><blockquote>本周公布的其他数据包括周二公布的美国供应管理协会（Institute for Supply Management）5 月份制造业采购经理人指数和周四公布的服务业同等指数。两者都与 4 月份的旺盛水平大致持平。经济合作与发展组织（Organization for Economic Cooperation and Development）也将于周一发布最新经济展望。</blockquote></p><p>Monday 5/31</p><p><blockquote>5月31日星期一</blockquote></p><p><b>Stock and fixed-income</b>&nbsp;markets are closed in observance of Memorial Day.</p><p><blockquote><b>股票和固定收益</b>为纪念阵亡将士纪念日，市场关闭。</blockquote></p><p><b>The Organization</b>for Economic Cooperation and Development releases its latest economic outlook. In its March interim report, the OECD projected a 5.6% growth rate for global gross domestic product in 2021, an upward revision of a full percentage point from the December 2020 forecast.</p><p><blockquote><b>组织</b>为经济合作与发展发布其最新经济展望。在3月份的中期报告中，经合组织预计2021年全球国内生产总值增长率为5.6%，比2020年12月的预测上调了整整一个百分点。</blockquote></p><p>Tuesday 6/1</p><p><blockquote>星期二 6/1</blockquote></p><p><a href=\"https://laohu8.com/S/BNS\">Bank of Nova Scotia</a>,Canopy Growth, <a href=\"https://laohu8.com/S/HPE\">Hewlett Packard Enterprise</a>, and Zoom Video Communications announce quarterly results.</p><p><blockquote><a href=\"https://laohu8.com/S/BNS\">新斯科舍银行</a>树冠生长，<a href=\"https://laohu8.com/S/HPE\">慧与</a>和Zoom Video通信公司公布季度业绩。</blockquote></p><p><b>The Institute for Supply</b>Management releases its Manufacturing Purchasing Managers’ Index for May. Consensus estimate is for a 60.8 reading, roughly even with the April data.</p><p><blockquote><b>供应研究所</b>管理层发布了 5 月份制造业采购经理人指数。一致估计读数为 60.8，与 4 月份的数据大致持平。</blockquote></p><p><b>The Census Bureau</b>reports construction spending for April. Expectations are for a 0.6% month-over-month rise to a seasonally adjusted annual rate of $1.52 trillion. Construction spending remains just below its all-time peak in January of this year.</p><p><blockquote><b>人口普查局</b>报告四月份的建筑支出。预计环比增长 0.6%，经季节性调整后的年增长率为 1.52 万亿美元。建筑支出仍略低于今年 1 月的历史峰值。</blockquote></p><p>Wednesday 6/2</p><p><blockquote>星期三 6/2</blockquote></p><p><a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts</a>,<a href=\"https://laohu8.com/S/NTAP\">NetApp</a>,and PVH report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/AAP\">先进汽车零部件</a>,<a href=\"https://laohu8.com/S/NTAP\">NetApp</a>和 PVH 报告收益。</blockquote></p><p><a href=\"https://laohu8.com/S/PM\">Philip Morris</a> Internationalhosts a webcast led by CEO Jacek Olczak to discuss the company’s sustainability strategy.</p><p><blockquote><a href=\"https://laohu8.com/S/PM\">菲利普·莫里斯</a>InternationalHosting 由首席执行官 Jacek Olczak 主持网络直播，讨论公司的可持续发展战略。</blockquote></p><p><b>The Federal Reserve</b>releases the beige book for the fourth of eight times this year. The report presents anecdotal data on the health of the economy collected by the 12 Federal Reserve Bank districts.</p><p><blockquote><b>美联储</b>今年八次中的第四次发布褐皮书。该报告介绍了12个美联储银行地区收集的关于经济健康状况的轶事数据。</blockquote></p><p>Thursday 6/3</p><p><blockquote>星期四 6/3</blockquote></p><p><b>ADP releases its <a href=\"https://laohu8.com/S/NHLD\">National</a> Employment</b>report for May. Consensus estimate is for a 610,000 gain in nonfarm private-sector employment, following an increase of 742,000 in April.</p><p><blockquote><b>ADP 发布其<a href=\"https://laohu8.com/S/NHLD\">国家的</a>就业</b>五月报告。普遍估计，继 4 月份增加 74.2 万人之后，非农私营部门就业人数将增加 61 万人。</blockquote></p><p>Broadcom,CooperCos., DocuSign,J.M. Smucker,and <a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica</a> hold conference calls to discuss earnings.</p><p><blockquote>博通、库珀公司、DocuSign、J.M。斯穆克，以及<a href=\"https://laohu8.com/S/LULU\">露露柠檬运动</a>在评级召开会议讨论收益。</blockquote></p><p><b>The Bureau of Economic Analysis</b>reports total light-vehicle sales for May. In April, they hit a seasonally adjusted annual rate of 18.5 million, the highest figure since July 2005.</p><p><blockquote><b>经济分析局</b>报告 5 月份轻型车总销量。 4 月份，经季节性调整后的年增长率达到 1850 万辆，为 2005 年 7 月以来的最高数字。</blockquote></p><p><b>The ISM releases</b>its Services PMI for May. Consensus estimate is for a 63.2 reading, compared with April’s 62.7 figure.</p><p><blockquote><b>ISM发布</b>5月份服务业采购经理人指数（PMI）。共识估计为63.2，而4月份为62.7。</blockquote></p><p>Friday 6/4</p><p><blockquote>星期五 6/4</blockquote></p><p>Amgenhosts a conference call to discuss drug trial data from its oncology pipeline. The information will be presented at the 2021 <a href=\"https://laohu8.com/S/AFG\">American</a> Society of Clinical Oncology annual meeting, which runs virtually from June 4 through June 8.</p><p><blockquote>安进召开电话会议讨论其肿瘤学产品线的药物试验数据。该信息将于 2021 年发布<a href=\"https://laohu8.com/S/AFG\">美国的</a>临床肿瘤学会年会，从6月4日到6月8日举行。</blockquote></p><p><b>The Bureau of Labor</b>Statistics releases the jobs report for May. Economists forecast a 700,000 rise in nonfarm payrolls, after a relatively modest 266,000 gain in April. The unemployment rate is expected to edge down to 5.9% from 6.1%. The April increase was a massive shortfall from the <a href=\"https://laohu8.com/S/AONE\">one</a> million jump expected by some economists.</p><p><blockquote><b>劳工局</b>统计局发布5月份就业报告。经济学家预测，继4月份相对温和地增加26.6万人之后，非农就业人数将增加70万人。失业率预计将从6.1%小幅降至5.9%。四月份的增长与<a href=\"https://laohu8.com/S/AONE\">一</a>一些经济学家预计将增长数百万美元。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoom, Lululemon, Canopy Growth and Other Stocks for Investors to See This Week<blockquote>Zoom、Lululemon、Canopy Growth 和其他投资者本周值得关注的股票</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\">\nZoom, Lululemon, Canopy Growth and Other Stocks for Investors to See This Week<blockquote>Zoom、Lululemon、Canopy Growth 和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-05-31 07:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock and bond markets are closed Monday for Memorial Day. <a href=\"https://laohu8.com/S/ISBC\">Investors</a> will return from the long weekend to a handful of notable companies’ quarterly results.&nbsp;<a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video <a href=\"https://laohu8.com/S/JCS\">Communications</a>,Canopy Growth,and&nbsp;Hewlett Packard Enterprisereport on Tuesday, followed by&nbsp;Advance Auto Partson Wednesday. On Thursday,&nbsp;<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>,DocuSign,and&nbsp;Lululemon&nbsp;Athletica release results.</p><p><blockquote>美国股票和债券市场周一因阵亡将士纪念日休市。<a href=\"https://laohu8.com/S/ISBC\">投资者</a>我们将从长周末回到少数几家知名公司的季度业绩。<a href=\"https://laohu8.com/S/ZM\">缩放</a>录像<a href=\"https://laohu8.com/S/JCS\">通讯</a>Canopy Growth 和惠普企业报告将于周二发布，随后是周三发布的 Advance Auto Partson。周四，<a href=\"https://laohu8.com/S/AVGO\">博通</a>DocuSign 和 Lululemon Athletica 发布结果。</blockquote></p><p>The highlight on the economic-data calendar this week will be Friday’s May jobs report from the Bureau of Labor Statistics. The consensus forecast is for a gain of 700,000 nonfarm payrolls, after a disappointing 266,000 in April. The unemployment rate is expected to tick down&nbsp;to 5.9%, from 6.1%.</p><p><blockquote>本周经济数据日历上的重头戏将是周五美国劳工统计局发布的 5 月份就业报告。普遍预测非农就业人数将增加 70 万人，而 4 月份非农就业人数为令人失望的 26.6 万人。失业率预计将从 6.1% 降至 5.9%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for May on Tuesday and the Services equivalent on Thursday. Both are seen staying roughly even with April’s buoyant levels.&nbsp;The Organization for Economic Cooperation and Development also releases its latest economic outlook on Monday.</p><p><blockquote>本周公布的其他数据包括周二公布的美国供应管理协会（Institute for Supply Management）5 月份制造业采购经理人指数和周四公布的服务业同等指数。两者都与 4 月份的旺盛水平大致持平。经济合作与发展组织（Organization for Economic Cooperation and Development）也将于周一发布最新经济展望。</blockquote></p><p>Monday 5/31</p><p><blockquote>5月31日星期一</blockquote></p><p><b>Stock and fixed-income</b>&nbsp;markets are closed in observance of Memorial Day.</p><p><blockquote><b>股票和固定收益</b>为纪念阵亡将士纪念日，市场关闭。</blockquote></p><p><b>The Organization</b>for Economic Cooperation and Development releases its latest economic outlook. In its March interim report, the OECD projected a 5.6% growth rate for global gross domestic product in 2021, an upward revision of a full percentage point from the December 2020 forecast.</p><p><blockquote><b>组织</b>为经济合作与发展发布其最新经济展望。在3月份的中期报告中，经合组织预计2021年全球国内生产总值增长率为5.6%，比2020年12月的预测上调了整整一个百分点。</blockquote></p><p>Tuesday 6/1</p><p><blockquote>星期二 6/1</blockquote></p><p><a href=\"https://laohu8.com/S/BNS\">Bank of Nova Scotia</a>,Canopy Growth, <a href=\"https://laohu8.com/S/HPE\">Hewlett Packard Enterprise</a>, and Zoom Video Communications announce quarterly results.</p><p><blockquote><a href=\"https://laohu8.com/S/BNS\">新斯科舍银行</a>树冠生长，<a href=\"https://laohu8.com/S/HPE\">慧与</a>和Zoom Video通信公司公布季度业绩。</blockquote></p><p><b>The Institute for Supply</b>Management releases its Manufacturing Purchasing Managers’ Index for May. Consensus estimate is for a 60.8 reading, roughly even with the April data.</p><p><blockquote><b>供应研究所</b>管理层发布了 5 月份制造业采购经理人指数。一致估计读数为 60.8，与 4 月份的数据大致持平。</blockquote></p><p><b>The Census Bureau</b>reports construction spending for April. Expectations are for a 0.6% month-over-month rise to a seasonally adjusted annual rate of $1.52 trillion. Construction spending remains just below its all-time peak in January of this year.</p><p><blockquote><b>人口普查局</b>报告四月份的建筑支出。预计环比增长 0.6%，经季节性调整后的年增长率为 1.52 万亿美元。建筑支出仍略低于今年 1 月的历史峰值。</blockquote></p><p>Wednesday 6/2</p><p><blockquote>星期三 6/2</blockquote></p><p><a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts</a>,<a href=\"https://laohu8.com/S/NTAP\">NetApp</a>,and PVH report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/AAP\">先进汽车零部件</a>,<a href=\"https://laohu8.com/S/NTAP\">NetApp</a>和 PVH 报告收益。</blockquote></p><p><a href=\"https://laohu8.com/S/PM\">Philip Morris</a> Internationalhosts a webcast led by CEO Jacek Olczak to discuss the company’s sustainability strategy.</p><p><blockquote><a href=\"https://laohu8.com/S/PM\">菲利普·莫里斯</a>InternationalHosting 由首席执行官 Jacek Olczak 主持网络直播，讨论公司的可持续发展战略。</blockquote></p><p><b>The Federal Reserve</b>releases the beige book for the fourth of eight times this year. The report presents anecdotal data on the health of the economy collected by the 12 Federal Reserve Bank districts.</p><p><blockquote><b>美联储</b>今年八次中的第四次发布褐皮书。该报告介绍了12个美联储银行地区收集的关于经济健康状况的轶事数据。</blockquote></p><p>Thursday 6/3</p><p><blockquote>星期四 6/3</blockquote></p><p><b>ADP releases its <a href=\"https://laohu8.com/S/NHLD\">National</a> Employment</b>report for May. Consensus estimate is for a 610,000 gain in nonfarm private-sector employment, following an increase of 742,000 in April.</p><p><blockquote><b>ADP 发布其<a href=\"https://laohu8.com/S/NHLD\">国家的</a>就业</b>五月报告。普遍估计，继 4 月份增加 74.2 万人之后，非农私营部门就业人数将增加 61 万人。</blockquote></p><p>Broadcom,CooperCos., DocuSign,J.M. Smucker,and <a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica</a> hold conference calls to discuss earnings.</p><p><blockquote>博通、库珀公司、DocuSign、J.M。斯穆克，以及<a href=\"https://laohu8.com/S/LULU\">露露柠檬运动</a>在评级召开会议讨论收益。</blockquote></p><p><b>The Bureau of Economic Analysis</b>reports total light-vehicle sales for May. In April, they hit a seasonally adjusted annual rate of 18.5 million, the highest figure since July 2005.</p><p><blockquote><b>经济分析局</b>报告 5 月份轻型车总销量。 4 月份，经季节性调整后的年增长率达到 1850 万辆，为 2005 年 7 月以来的最高数字。</blockquote></p><p><b>The ISM releases</b>its Services PMI for May. Consensus estimate is for a 63.2 reading, compared with April’s 62.7 figure.</p><p><blockquote><b>ISM发布</b>5月份服务业采购经理人指数（PMI）。共识估计为63.2，而4月份为62.7。</blockquote></p><p>Friday 6/4</p><p><blockquote>星期五 6/4</blockquote></p><p>Amgenhosts a conference call to discuss drug trial data from its oncology pipeline. The information will be presented at the 2021 <a href=\"https://laohu8.com/S/AFG\">American</a> Society of Clinical Oncology annual meeting, which runs virtually from June 4 through June 8.</p><p><blockquote>安进召开电话会议讨论其肿瘤学产品线的药物试验数据。该信息将于 2021 年发布<a href=\"https://laohu8.com/S/AFG\">美国的</a>临床肿瘤学会年会，从6月4日到6月8日举行。</blockquote></p><p><b>The Bureau of Labor</b>Statistics releases the jobs report for May. Economists forecast a 700,000 rise in nonfarm payrolls, after a relatively modest 266,000 gain in April. The unemployment rate is expected to edge down to 5.9% from 6.1%. The April increase was a massive shortfall from the <a href=\"https://laohu8.com/S/AONE\">one</a> million jump expected by some economists.</p><p><blockquote><b>劳工局</b>统计局发布5月份就业报告。经济学家预测，继4月份相对温和地增加26.6万人之后，非农就业人数将增加70万人。失业率预计将从6.1%小幅降至5.9%。四月份的增长与<a href=\"https://laohu8.com/S/AONE\">一</a>一些经济学家预计将增长数百万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/zoom-lululemon-canopy-growth-and-other-stocks-for-investors-to-watch-this-week-51622401200\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","ZM":"Zoom","LULU":"lululemon athletica","ISBC":"投资者银行",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","CGC":"Canopy Growth Corporation"},"source_url":"https://www.barrons.com/articles/zoom-lululemon-canopy-growth-and-other-stocks-for-investors-to-watch-this-week-51622401200","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127487048","content_text":"U.S. stock and bond markets are closed Monday for Memorial Day. Investors will return from the long weekend to a handful of notable companies’ quarterly results. Zoom Video Communications,Canopy Growth,and Hewlett Packard Enterprisereport on Tuesday, followed by Advance Auto Partson Wednesday. On Thursday, Broadcom,DocuSign,and Lululemon Athletica release results.The highlight on the economic-data calendar this week will be Friday’s May jobs report from the Bureau of Labor Statistics. The consensus forecast is for a gain of 700,000 nonfarm payrolls, after a disappointing 266,000 in April. The unemployment rate is expected to tick down to 5.9%, from 6.1%.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for May on Tuesday and the Services equivalent on Thursday. Both are seen staying roughly even with April’s buoyant levels. The Organization for Economic Cooperation and Development also releases its latest economic outlook on Monday.Monday 5/31Stock and fixed-income markets are closed in observance of Memorial Day.The Organizationfor Economic Cooperation and Development releases its latest economic outlook. In its March interim report, the OECD projected a 5.6% growth rate for global gross domestic product in 2021, an upward revision of a full percentage point from the December 2020 forecast.Tuesday 6/1Bank of Nova Scotia,Canopy Growth, Hewlett Packard Enterprise, and Zoom Video Communications announce quarterly results.The Institute for SupplyManagement releases its Manufacturing Purchasing Managers’ Index for May. Consensus estimate is for a 60.8 reading, roughly even with the April data.The Census Bureaureports construction spending for April. Expectations are for a 0.6% month-over-month rise to a seasonally adjusted annual rate of $1.52 trillion. Construction spending remains just below its all-time peak in January of this year.Wednesday 6/2Advance Auto Parts,NetApp,and PVH report earnings.Philip Morris Internationalhosts a webcast led by CEO Jacek Olczak to discuss the company’s sustainability strategy.The Federal Reservereleases the beige book for the fourth of eight times this year. The report presents anecdotal data on the health of the economy collected by the 12 Federal Reserve Bank districts.Thursday 6/3ADP releases its National Employmentreport for May. Consensus estimate is for a 610,000 gain in nonfarm private-sector employment, following an increase of 742,000 in April.Broadcom,CooperCos., DocuSign,J.M. Smucker,and Lululemon Athletica hold conference calls to discuss earnings.The Bureau of Economic Analysisreports total light-vehicle sales for May. In April, they hit a seasonally adjusted annual rate of 18.5 million, the highest figure since July 2005.The ISM releasesits Services PMI for May. Consensus estimate is for a 63.2 reading, compared with April’s 62.7 figure.Friday 6/4Amgenhosts a conference call to discuss drug trial data from its oncology pipeline. The information will be presented at the 2021 American Society of Clinical Oncology annual meeting, which runs virtually from June 4 through June 8.The Bureau of LaborStatistics releases the jobs report for May. Economists forecast a 700,000 rise in nonfarm payrolls, after a relatively modest 266,000 gain in April. The unemployment rate is expected to edge down to 5.9% from 6.1%. 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🚀","listText":"Xop 🚀","text":"Xop 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/190538708","repostId":"1120120226","repostType":4,"repost":{"id":"1120120226","kind":"news","pubTimestamp":1620623863,"share":"https://www.laohunote.com/m/news/1120120226?lang=zh_CN&edition=full","pubTime":"2021-05-10 13:17","market":"us","language":"en","title":"US government declares emergency after cyberattack on major pipeline<blockquote>主要管道遭受网络攻击后美国政府宣布进入紧急状态</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120120226","media":"AFP","summary":"The US government declared a regional emergency Sunday as the largest fuel pipeline system in the Un","content":"<p>The US government declared a regional emergency Sunday as the largest fuel pipeline system in the United States remained largely shut down, two days after a major ransomware attack was detected.</p><p><blockquote>美国政府周日宣布进入地区紧急状态，因为在发现重大勒索软件攻击两天后，美国最大的燃料管道系统仍基本关闭。</blockquote></p><p>The Colonial Pipeline Company ships gasoline and jet fuel from the Gulf Coast of Texas to the populousEast Coastthrough 5,500 miles (8,850 kilometres) of pipeline, serving 50 million consumers.</p><p><blockquote>Colonial Pipeline Company 通过 5,500 英里（8,850 公里）的管道将汽油和喷气燃料从德克萨斯州墨西哥湾沿岸运送到人口稠密的东海岸，为 5000 万消费者提供服务。</blockquote></p><p>The company said it was the victim of acybersecurity attackinvolving ransomware -- attacks that encrypt computer systems and seek to extract payments from operators.</p><p><blockquote>该公司表示，它是涉及勒索软件的网络安全攻击的受害者，勒索软件是加密计算机系统并试图从运营商那里勒索付款的攻击。</blockquote></p><p>\"This Declaration addresses the emergency conditions creating a need for immediate transportation of gasoline, diesel, jet fuel, and other refined petroleum products and provides necessary relief,\" the Department of Transportation said in a statement.</p><p><blockquote>交通部在一份声明中表示：“这一声明解决了需要立即运输汽油、柴油、喷气燃料和其他精炼石油产品的紧急情况，并提供了必要的救济。”</blockquote></p><p>The emergency declaration allows for fuel to be transported by road to the affected states: Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey,New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.</p><p><blockquote>紧急声明允许通过公路运输燃料到受影响的州：阿拉巴马州、阿肯色州、哥伦比亚特区、特拉华州、佛罗里达州、佐治亚州、肯塔基州、路易斯安那州、马里兰州、密西西比州、新泽西州、纽约州、北卡罗来纳州、宾夕法尼亚州、南卡罗来纳州、田纳西州、德克萨斯州和弗吉尼亚州。</blockquote></p><p>The declaration also provides regulatory relief to commercial motor vehicle operations that are part of the emergency support efforts.</p><p><blockquote>该宣言还为作为紧急支持工作一部分的商用机动车辆运营提供了监管救济。</blockquote></p><p>Colonial said earlier Sunday that it had opened some smaller delivery lines, but the main system was not yet back up and running.</p><p><blockquote>Colonial 周日早些时候表示，它已经开通了一些较小的送货线路，但主要系统尚未恢复运行。</blockquote></p><p>\"While our mainlines remain offline, some smaller lateral lines between terminals and delivery points are now operational,\" Colonial said in a statement, adding it would \"bring our full system back online only when we believe it is safe to do so.\"</p><p><blockquote>Colonial 在一份声明中表示：“虽然我们的干线仍处于离线状态，但航站楼和交付点之间的一些较小的支线现已投入运营。”并补充说，只有当我们认为这样做是安全的时，它才会“让我们的整个系统重新上线。”</blockquote></p><p>\"We have remained in contact with law enforcement and other federal agencies, including the Department of Energy who is leading the Federal Government response,\" it added.</p><p><blockquote>它补充说：“我们一直与执法部门和其他联邦机构保持联系，包括领导联邦政府应对措施的能源部。”</blockquote></p><p>\"Maintaining the operational security of our pipeline, in addition to safely bringing our systems back online, remain our highest priorities.\"</p><p><blockquote>“除了让我们的系统安全恢复在线之外，维护我们管道的运营安全仍然是我们的首要任务。”</blockquote></p><p><b>Calls for improved oversight</b></p><p><blockquote><b>改善监督的评级</b></blockquote></p><p>Commerce Secretary Gina Raimondo told CBS on Sunday that authorities were working to prevent any disruption to supplies.</p><p><blockquote>商务部长吉娜·雷蒙多周日告诉哥伦比亚广播公司，当局正在努力防止供应中断。</blockquote></p><p>Colonial, based in the southern state of Georgia, is the largest pipeline operator in the United States by volume, normally transporting 2.5 million barrels of gasoline, diesel fuel, jet fuel and other refined petroleum products per day.</p><p><blockquote>Colonial公司总部位于南部佐治亚州，是美国运量最大的管道运营商，通常每天运输250万桶汽油、柴油、喷气燃料和其他精炼石油产品。</blockquote></p><p>The attack prompted calls from cybersecurity experts for improved oversight of the industry to prepare for future threats.</p><p><blockquote>此次攻击促使网络安全专家评级，要求加强对行业的监管，为未来的威胁做好准备。</blockquote></p><p>\"This attack is unusual for the US. But the bottom line is that attacks targeting operational technology -- the industrial control systems on the production line or plant floor -- are becoming more frequent,\" Algirde Pipikaite, cyber strategy lead at the World Economic Forum's Centre for Cybersecurity, told AFP on Saturday.</p><p><blockquote>“这次攻击对美国来说并不寻常。但底线是，针对运营技术（生产线或工厂车间的工业控制系统）的攻击正变得越来越频繁，”世界经济论坛网络安全中心网络战略负责人阿尔吉德·皮皮凯特周六告诉法新社。</blockquote></p><p>\"Unless cybersecurity measures are embedded in a technology's development phase, we are likely to see more frequent attacks on industrial systems like oil and gas pipelines or water treatment plants.\"</p><p><blockquote>“除非网络安全措施嵌入到技术的开发阶段，否则我们可能会看到石油和天然气管道或水处理厂等工业系统遭受更频繁的攻击。”</blockquote></p><p>Gas prices jumped in the United States on Sunday following the ransomware attack. Analysts warn that prices could climb even higher if the pipeline is not reopened soon. Oil prices rose more than one percent Monday.</p><p><blockquote>勒索软件攻击后，美国汽油价格周日上涨。分析师警告说，如果管道不尽快重新开放，价格可能会攀升得更高。周一油价上涨超过1%。</blockquote></p><p>The United States was rocked in recent months by news of two major cybersecurity breaches -- the SolarWinds hack that compromised thousands of US government and private sector computer networks and was officially blamed on Russia; and a potentially devastating penetration of Microsoft email servers.</p><p><blockquote>最近几个月，美国被两起重大网络安全漏洞的消息震惊了——SolarWinds黑客攻击损害了数千个美国政府和私营部门的计算机网络，并被正式指责为俄罗斯；以及对微软电子邮件服务器的潜在毁灭性渗透。</blockquote></p><p></p>","source":"lsy1620623854247","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>US government declares emergency after cyberattack on major pipeline<blockquote>主要管道遭受网络攻击后美国政府宣布进入紧急状态</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; 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.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\">\nUS government declares emergency after cyberattack on major pipeline<blockquote>主要管道遭受网络攻击后美国政府宣布进入紧急状态</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AFP</strong><span class=\"h-time small\">2021-05-10 13:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The US government declared a regional emergency Sunday as the largest fuel pipeline system in the United States remained largely shut down, two days after a major ransomware attack was detected.</p><p><blockquote>美国政府周日宣布进入地区紧急状态，因为在发现重大勒索软件攻击两天后，美国最大的燃料管道系统仍基本关闭。</blockquote></p><p>The Colonial Pipeline Company ships gasoline and jet fuel from the Gulf Coast of Texas to the populousEast Coastthrough 5,500 miles (8,850 kilometres) of pipeline, serving 50 million consumers.</p><p><blockquote>Colonial Pipeline Company 通过 5,500 英里（8,850 公里）的管道将汽油和喷气燃料从德克萨斯州墨西哥湾沿岸运送到人口稠密的东海岸，为 5000 万消费者提供服务。</blockquote></p><p>The company said it was the victim of acybersecurity attackinvolving ransomware -- attacks that encrypt computer systems and seek to extract payments from operators.</p><p><blockquote>该公司表示，它是涉及勒索软件的网络安全攻击的受害者，勒索软件是加密计算机系统并试图从运营商那里勒索付款的攻击。</blockquote></p><p>\"This Declaration addresses the emergency conditions creating a need for immediate transportation of gasoline, diesel, jet fuel, and other refined petroleum products and provides necessary relief,\" the Department of Transportation said in a statement.</p><p><blockquote>交通部在一份声明中表示：“这一声明解决了需要立即运输汽油、柴油、喷气燃料和其他精炼石油产品的紧急情况，并提供了必要的救济。”</blockquote></p><p>The emergency declaration allows for fuel to be transported by road to the affected states: Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey,New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.</p><p><blockquote>紧急声明允许通过公路运输燃料到受影响的州：阿拉巴马州、阿肯色州、哥伦比亚特区、特拉华州、佛罗里达州、佐治亚州、肯塔基州、路易斯安那州、马里兰州、密西西比州、新泽西州、纽约州、北卡罗来纳州、宾夕法尼亚州、南卡罗来纳州、田纳西州、德克萨斯州和弗吉尼亚州。</blockquote></p><p>The declaration also provides regulatory relief to commercial motor vehicle operations that are part of the emergency support efforts.</p><p><blockquote>该宣言还为作为紧急支持工作一部分的商用机动车辆运营提供了监管救济。</blockquote></p><p>Colonial said earlier Sunday that it had opened some smaller delivery lines, but the main system was not yet back up and running.</p><p><blockquote>Colonial 周日早些时候表示，它已经开通了一些较小的送货线路，但主要系统尚未恢复运行。</blockquote></p><p>\"While our mainlines remain offline, some smaller lateral lines between terminals and delivery points are now operational,\" Colonial said in a statement, adding it would \"bring our full system back online only when we believe it is safe to do so.\"</p><p><blockquote>Colonial 在一份声明中表示：“虽然我们的干线仍处于离线状态，但航站楼和交付点之间的一些较小的支线现已投入运营。”并补充说，只有当我们认为这样做是安全的时，它才会“让我们的整个系统重新上线。”</blockquote></p><p>\"We have remained in contact with law enforcement and other federal agencies, including the Department of Energy who is leading the Federal Government response,\" it added.</p><p><blockquote>它补充说：“我们一直与执法部门和其他联邦机构保持联系，包括领导联邦政府应对措施的能源部。”</blockquote></p><p>\"Maintaining the operational security of our pipeline, in addition to safely bringing our systems back online, remain our highest priorities.\"</p><p><blockquote>“除了让我们的系统安全恢复在线之外，维护我们管道的运营安全仍然是我们的首要任务。”</blockquote></p><p><b>Calls for improved oversight</b></p><p><blockquote><b>改善监督的评级</b></blockquote></p><p>Commerce Secretary Gina Raimondo told CBS on Sunday that authorities were working to prevent any disruption to supplies.</p><p><blockquote>商务部长吉娜·雷蒙多周日告诉哥伦比亚广播公司，当局正在努力防止供应中断。</blockquote></p><p>Colonial, based in the southern state of Georgia, is the largest pipeline operator in the United States by volume, normally transporting 2.5 million barrels of gasoline, diesel fuel, jet fuel and other refined petroleum products per day.</p><p><blockquote>Colonial公司总部位于南部佐治亚州，是美国运量最大的管道运营商，通常每天运输250万桶汽油、柴油、喷气燃料和其他精炼石油产品。</blockquote></p><p>The attack prompted calls from cybersecurity experts for improved oversight of the industry to prepare for future threats.</p><p><blockquote>此次攻击促使网络安全专家评级，要求加强对行业的监管，为未来的威胁做好准备。</blockquote></p><p>\"This attack is unusual for the US. But the bottom line is that attacks targeting operational technology -- the industrial control systems on the production line or plant floor -- are becoming more frequent,\" Algirde Pipikaite, cyber strategy lead at the World Economic Forum's Centre for Cybersecurity, told AFP on Saturday.</p><p><blockquote>“这次攻击对美国来说并不寻常。但底线是，针对运营技术（生产线或工厂车间的工业控制系统）的攻击正变得越来越频繁，”世界经济论坛网络安全中心网络战略负责人阿尔吉德·皮皮凯特周六告诉法新社。</blockquote></p><p>\"Unless cybersecurity measures are embedded in a technology's development phase, we are likely to see more frequent attacks on industrial systems like oil and gas pipelines or water treatment plants.\"</p><p><blockquote>“除非网络安全措施嵌入到技术的开发阶段，否则我们可能会看到石油和天然气管道或水处理厂等工业系统遭受更频繁的攻击。”</blockquote></p><p>Gas prices jumped in the United States on Sunday following the ransomware attack. Analysts warn that prices could climb even higher if the pipeline is not reopened soon. Oil prices rose more than one percent Monday.</p><p><blockquote>勒索软件攻击后，美国汽油价格周日上涨。分析师警告说，如果管道不尽快重新开放，价格可能会攀升得更高。周一油价上涨超过1%。</blockquote></p><p>The United States was rocked in recent months by news of two major cybersecurity breaches -- the SolarWinds hack that compromised thousands of US government and private sector computer networks and was officially blamed on Russia; and a potentially devastating penetration of Microsoft email servers.</p><p><blockquote>最近几个月，美国被两起重大网络安全漏洞的消息震惊了——SolarWinds黑客攻击损害了数千个美国政府和私营部门的计算机网络，并被正式指责为俄罗斯；以及对微软电子邮件服务器的潜在毁灭性渗透。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.france24.com/en/americas/20210510-biden-declares-state-of-emergency-after-major-us-pipeline-shut-due-to-cyber-attack\">AFP</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.france24.com/en/americas/20210510-biden-declares-state-of-emergency-after-major-us-pipeline-shut-due-to-cyber-attack","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120120226","content_text":"The US government declared a regional emergency Sunday as the largest fuel pipeline system in the United States remained largely shut down, two days after a major ransomware attack was detected.The Colonial Pipeline Company ships gasoline and jet fuel from the Gulf Coast of Texas to the populousEast Coastthrough 5,500 miles (8,850 kilometres) of pipeline, serving 50 million consumers.The company said it was the victim of acybersecurity attackinvolving ransomware -- attacks that encrypt computer systems and seek to extract payments from operators.\"This Declaration addresses the emergency conditions creating a need for immediate transportation of gasoline, diesel, jet fuel, and other refined petroleum products and provides necessary relief,\" the Department of Transportation said in a statement.The emergency declaration allows for fuel to be transported by road to the affected states: Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey,New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.The declaration also provides regulatory relief to commercial motor vehicle operations that are part of the emergency support efforts.Colonial said earlier Sunday that it had opened some smaller delivery lines, but the main system was not yet back up and running.\"While our mainlines remain offline, some smaller lateral lines between terminals and delivery points are now operational,\" Colonial said in a statement, adding it would \"bring our full system back online only when we believe it is safe to do so.\"\"We have remained in contact with law enforcement and other federal agencies, including the Department of Energy who is leading the Federal Government response,\" it added.\"Maintaining the operational security of our pipeline, in addition to safely bringing our systems back online, remain our highest priorities.\"Calls for improved oversightCommerce Secretary Gina Raimondo told CBS on Sunday that authorities were working to prevent any disruption to supplies.Colonial, based in the southern state of Georgia, is the largest pipeline operator in the United States by volume, normally transporting 2.5 million barrels of gasoline, diesel fuel, jet fuel and other refined petroleum products per day.The attack prompted calls from cybersecurity experts for improved oversight of the industry to prepare for future threats.\"This attack is unusual for the US. But the bottom line is that attacks targeting operational technology -- the industrial control systems on the production line or plant floor -- are becoming more frequent,\" Algirde Pipikaite, cyber strategy lead at the World Economic Forum's Centre for Cybersecurity, told AFP on Saturday.\"Unless cybersecurity measures are embedded in a technology's development phase, we are likely to see more frequent attacks on industrial systems like oil and gas pipelines or water treatment plants.\"Gas prices jumped in the United States on Sunday following the ransomware attack. Analysts warn that prices could climb even higher if the pipeline is not reopened soon. Oil prices rose more than one percent Monday.The United States was rocked in recent months by news of two major cybersecurity breaches -- the SolarWinds hack that compromised thousands of US government and private sector computer networks and was officially blamed on Russia; and a potentially devastating penetration of Microsoft email servers.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101589808,"gmtCreate":1619922798404,"gmtModify":1634209102491,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Makes sense","listText":"Makes sense","text":"Makes sense","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/101589808","repostId":"1103106179","repostType":4,"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183196887,"gmtCreate":1623313115249,"gmtModify":1631890496875,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Good for xop?","listText":"Good for xop?","text":"Good for xop?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183196887","repostId":"1145405384","repostType":4,"repost":{"id":"1145405384","kind":"news","pubTimestamp":1623311195,"share":"https://www.laohunote.com/m/news/1145405384?lang=zh_CN&edition=full","pubTime":"2021-06-10 15:46","market":"us","language":"en","title":"Why One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145405384","media":"zerohedge","summary":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser disc","content":"<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.</p><p><blockquote>在 DB 的 Francis Yared 最近的一篇博客文章中，这位信贷策略师着眼于较少讨论的通胀驱动因素之一，并指出油价的供应冲击历来与通胀预期相关。</blockquote></p><p> As Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significant<i>positive</i>supply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,<b>resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.</b></p><p><blockquote>正如亚里德所写，“过去半个世纪以来，油价的供应冲击曾三次对通胀预期产生重大影响：70 年代中期、80 年代中期和 10 年代中期。”然而，与 70 年代和 80 年代臭名昭著的价格爆炸不同，在最新一集中，“页岩油革命”导致了重大<i>积极的</i>石油市场的供应冲击导致石油输出国组织在2014年捍卫其市场份额而不是油价。亚里德写道，油价面临下行压力，<b>导致向较低的通胀制度转变，这反映在消费者和市场通胀预期（密歇根大学 5-10 年和 5-5 年盈亏平衡）以及货币政策预期和期限溢价中。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/a506eed4b33e73391548c06fb0c26164\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Well not anymore,<b>because ESG is unwinding the shale oil revolution.</b>As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.</p><p><blockquote>不再是了，<b>因为ESG正在解开页岩油革命。</b>正如埃克森美孚和壳牌最近发生的事件所表明的那样，过去几个月，石油公司减少石油和天然气勘探并调整商业模式的压力显着增加。这反映在原油钻井平台数量上，原油钻井平台数量滞后于油价复苏，仅为2014年峰值的1/3。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e9ca397d4dc8887948badc33be1b0354\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Similarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.</p><p><blockquote>同样，欧洲的碳排放期货价格也大幅上涨：正如《华尔街日报》最近报道的那样，欧洲交易的碳信用额价格在过去12个月中上涨了135%，并且随着经济活动从疫情封锁中反弹，最近创下了一系列纪录。只有受房地产繁荣推动走高的木材被证明是更好的大宗商品投资。</blockquote></p><p> As Yared summarizes, \"<b>ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"</b>This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.&nbsp; Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.</p><p><blockquote>正如Yared总结的那样，“<b>ESG 是一种负面的供应冲击，它将商品和服务生产的气候成本内部化。”</b>这种负面供应冲击将导致通货膨胀，直到技术进步吸收这些成本。这可能需要数年时间。此外，在欧洲，它可能会获得足够的政治支持，从而证明采取更激进的财政政策是合理的，尽管德国或欧盟层面存在限制。</blockquote></p><p> To be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"<i><b>ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years</b></i><i>.</i>\"</p><p><blockquote>可以肯定的是，全球经济仍需应对电子商务的通货紧缩影响。然而，正如DB总结的那样，“<i><b>ESG、美联储的平均通胀目标制度和更加积极的财政政策（至少在美国中期选举之前）构成了一个新的强大组合，应该会支持比过去10年经历的更高的通胀环境</b></i><i>.</i>\"</blockquote></p><p> Commenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be&nbsp; harder to get oil out of the ground.<b>Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG</b>.\"</p><p><blockquote>DB 信贷策略师吉姆·里德 (Jim Reid) 在评论同事的观察时表示同意，并写道：“也许在 2010 年至 2015 年期间，采矿业的激增将是例外，而不是常态，而且在一个快速变化且对 ESG 越来越敏感的世界中，从地下开采石油将变得更加困难。<b>随着时间的推移，更普遍地为气候变化外部性定价可能会使事情变得更加昂贵。由于石油和能源，我们是否正处于通胀预期再次发生变化的边缘，这种变化在很大程度上是由于 ESG</b>.\"</blockquote></p><p> So in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.</p><p><blockquote>因此，如果还有人对当权派为何将 ESG 奉为圭臬感到困惑--提醒一下，ESG 并不是什么新鲜事，很多年前它曾被称为企业社会责任（CSR），甚至诺贝尔经济学家米尔顿-弗里德曼（Milton Friedman）在 50 年前也警告过 ESG 的颠覆性，当时他说，承担与公司业务直接相关的外部规定的 “社会责任 ”会打开无休止的压力和干扰的闸门--而此时，同一个当权派也不顾一切地将近 300 万亿美元的全球债务膨胀出去，现在你知道了： ESG 看起来就像是引发失控通货膨胀的催化剂。如果各国央行不能及时遏制它，整个发达国家可能很快就会陷入恶性通货膨胀。</blockquote></p><p> Which in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...</p><p><blockquote>这反过来也应该回答另一个紧迫的问题：为什么央行如此急于发行自己的数字可编程货币？嗯，在一个当局已经失去对所有其他货币渠道的控制的世界里，只需轻轻一按开关就能打开和关闭货币的能力将非常有用……</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 One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</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 One Bank Thinks ESG Could Trigger Hyperinflation<blockquote>为什么一家银行认为 ESG 可能引发恶性通货膨胀</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-10 15:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.</p><p><blockquote>在 DB 的 Francis Yared 最近的一篇博客文章中，这位信贷策略师着眼于较少讨论的通胀驱动因素之一，并指出油价的供应冲击历来与通胀预期相关。</blockquote></p><p> As Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significant<i>positive</i>supply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,<b>resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.</b></p><p><blockquote>正如亚里德所写，“过去半个世纪以来，油价的供应冲击曾三次对通胀预期产生重大影响：70 年代中期、80 年代中期和 10 年代中期。”然而，与 70 年代和 80 年代臭名昭著的价格爆炸不同，在最新一集中，“页岩油革命”导致了重大<i>积极的</i>石油市场的供应冲击导致石油输出国组织在2014年捍卫其市场份额而不是油价。亚里德写道，油价面临下行压力，<b>导致向较低的通胀制度转变，这反映在消费者和市场通胀预期（密歇根大学 5-10 年和 5-5 年盈亏平衡）以及货币政策预期和期限溢价中。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/a506eed4b33e73391548c06fb0c26164\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Well not anymore,<b>because ESG is unwinding the shale oil revolution.</b>As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.</p><p><blockquote>不再是了，<b>因为ESG正在解开页岩油革命。</b>正如埃克森美孚和壳牌最近发生的事件所表明的那样，过去几个月，石油公司减少石油和天然气勘探并调整商业模式的压力显着增加。这反映在原油钻井平台数量上，原油钻井平台数量滞后于油价复苏，仅为2014年峰值的1/3。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e9ca397d4dc8887948badc33be1b0354\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Similarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.</p><p><blockquote>同样，欧洲的碳排放期货价格也大幅上涨：正如《华尔街日报》最近报道的那样，欧洲交易的碳信用额价格在过去12个月中上涨了135%，并且随着经济活动从疫情封锁中反弹，最近创下了一系列纪录。只有受房地产繁荣推动走高的木材被证明是更好的大宗商品投资。</blockquote></p><p> As Yared summarizes, \"<b>ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"</b>This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.&nbsp; Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.</p><p><blockquote>正如Yared总结的那样，“<b>ESG 是一种负面的供应冲击，它将商品和服务生产的气候成本内部化。”</b>这种负面供应冲击将导致通货膨胀，直到技术进步吸收这些成本。这可能需要数年时间。此外，在欧洲，它可能会获得足够的政治支持，从而证明采取更激进的财政政策是合理的，尽管德国或欧盟层面存在限制。</blockquote></p><p> To be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"<i><b>ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years</b></i><i>.</i>\"</p><p><blockquote>可以肯定的是，全球经济仍需应对电子商务的通货紧缩影响。然而，正如DB总结的那样，“<i><b>ESG、美联储的平均通胀目标制度和更加积极的财政政策（至少在美国中期选举之前）构成了一个新的强大组合，应该会支持比过去10年经历的更高的通胀环境</b></i><i>.</i>\"</blockquote></p><p> Commenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be&nbsp; harder to get oil out of the ground.<b>Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG</b>.\"</p><p><blockquote>DB 信贷策略师吉姆·里德 (Jim Reid) 在评论同事的观察时表示同意，并写道：“也许在 2010 年至 2015 年期间，采矿业的激增将是例外，而不是常态，而且在一个快速变化且对 ESG 越来越敏感的世界中，从地下开采石油将变得更加困难。<b>随着时间的推移，更普遍地为气候变化外部性定价可能会使事情变得更加昂贵。由于石油和能源，我们是否正处于通胀预期再次发生变化的边缘，这种变化在很大程度上是由于 ESG</b>.\"</blockquote></p><p> So in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.</p><p><blockquote>因此，如果还有人对当权派为何将 ESG 奉为圭臬感到困惑--提醒一下，ESG 并不是什么新鲜事，很多年前它曾被称为企业社会责任（CSR），甚至诺贝尔经济学家米尔顿-弗里德曼（Milton Friedman）在 50 年前也警告过 ESG 的颠覆性，当时他说，承担与公司业务直接相关的外部规定的 “社会责任 ”会打开无休止的压力和干扰的闸门--而此时，同一个当权派也不顾一切地将近 300 万亿美元的全球债务膨胀出去，现在你知道了： ESG 看起来就像是引发失控通货膨胀的催化剂。如果各国央行不能及时遏制它，整个发达国家可能很快就会陷入恶性通货膨胀。</blockquote></p><p> Which in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...</p><p><blockquote>这反过来也应该回答另一个紧迫的问题：为什么央行如此急于发行自己的数字可编程货币？嗯，在一个当局已经失去对所有其他货币渠道的控制的世界里，只需轻轻一按开关就能打开和关闭货币的能力将非常有用……</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation\">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":{},"source_url":"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145405384","content_text":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.\nAs Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significantpositivesupply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.\n\nWell not anymore,because ESG is unwinding the shale oil revolution.As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.\n\nSimilarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.\nAs Yared summarizes, \"ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.  Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.\nTo be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years.\"\nCommenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be  harder to get oil out of the ground.Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG.\"\nSo in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.\nWhich in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196298665,"gmtCreate":1621054229757,"gmtModify":1631894046822,"author":{"id":"3579748173575180","authorId":"3579748173575180","name":"KiangW","avatar":"https://static.tigerbbs.com/befae1f011000c2d219d79b3f13294a9","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579748173575180","authorIdStr":"3579748173575180"},"themes":[],"title":"","htmlText":"Is that legal ? 🤔","listText":"Is that legal ? 🤔","text":"Is that legal ? 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/196298665","repostId":"1174509827","repostType":4,"repost":{"id":"1174509827","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621004388,"share":"https://www.laohunote.com/m/news/1174509827?lang=zh_CN&edition=full","pubTime":"2021-05-14 22:59","market":"us","language":"en","title":"Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174509827","media":"Benzinga Earnings","summary":"Delta Air Lines, Inc. DAL 4.24% has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.What Happened: The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that the new mandate will ensure its employees will not face a reprise of the health crisis.“Delta people have made great progress to achieve herd immunity within our workforce","content":"<p><b>Delta Air Lines, Inc.</b>&nbsp;DAL 4.24%&nbsp;has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.</p><p><blockquote><b>达美航空公司。</b>DAL 4.24% 宣布了一项新的公司规定，要求所有未来的员工在加入公司前接种 COVID-19 疫苗。</blockquote></p><p> <b>What Happened:</b>&nbsp;The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that&nbsp;the new mandate will ensure its employees will not face a reprise of the health crisis.</p><p><blockquote><b>发生了什么：</b>这家总部位于亚特兰大的航空公司发表声明，称赞疫苗可以保护个人并加速疫情的结束，并补充说，新的授权将确保其员工不会面临健康危机的重演。</blockquote></p><p> “Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”</p><p><blockquote>“战略传播经理伊丽莎白-二宫（Elizabeth Ninomiya）说：”达美航空在实现员工队伍群体免疫方面取得了巨大进步，因此，为了帮助我们保持这一势头，我们将要求美国所有新员工接种 COVID-19 疫苗，除非他们有资格获得住宿。“随着我们业务的复苏和航空旅行需求的持续增长，这是保护我们员工和客户的重要举措”。</blockquote></p><p> Speaking on&nbsp;CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.</p><p><blockquote>达美航空首席执行官埃德·巴斯蒂安在接受美国有线电视新闻网采访时澄清说，这项规定不适用于现有员工。</blockquote></p><p> “I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”</p><p><blockquote>“他说：”如果人们有特定的理由不想接种疫苗，我不会强迫他们接种疫苗。“我将强烈鼓励他们了解不接种疫苗的风险”。</blockquote></p><p> However, he noted&nbsp;employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.</p><p><blockquote>然而，他指出，未接种疫苗的员工可能会被排除在某些任务之外，包括国际航班。他补充说，达美航空 60% 的员工至少接种过一次疫苗。</blockquote></p><p> <i>Related Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks</i></p><p><blockquote><i>相关链接：疾病预防控制中心表示，完全接种疫苗的人大多可以停止戴口罩</i></blockquote></p><p> <b>Why It Matters:</b>&nbsp;Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported&nbsp;<b>United Airlines Holdings&nbsp;Inc.</b>UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.</p><p><blockquote><b>为什么重要：</b>达美航空是第一家宣布只雇用接种疫苗的个人的美国航空公司。《纽约时报》报道<b>联合航空控股公司。</b>UAL 4.73% 首席执行官斯科特-柯比（Scott Kirby）在 1 月份的一个视频论坛上表示支持这一想法，但决定不再推进，因为该航空公司不可能 “实际上是唯一一家 ”采取这一行动的公司。</blockquote></p><p> Although most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.</p><p><blockquote>虽然美国大多数学校都要求孩子接种某些疫苗，但公司根据疫苗接种情况拒绝雇用员工的先例并没有。</blockquote></p><p> Current&nbsp;federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.</p><p><blockquote>目前关于雇主强制接种疫苗的联邦政策侧重于现有雇员的权利，而不是潜在雇员的权利。</blockquote></p><p> The Equal Employment Opportunity Commission (EEOC) issued&nbsp;guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).</p><p><blockquote>平等就业机会委员会（EEOC）去年 12 月发布了指导意见，指出公司 “可以鼓励或可能要求 ”其员工接种 COVID-19 疫苗，前提是其政策符合工作场所法律，包括《美国残疾人法》和 1964 年民权法案第七章（第七章）。</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>Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDelta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-05-14 22:59</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Delta Air Lines, Inc.</b>&nbsp;DAL 4.24%&nbsp;has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.</p><p><blockquote><b>达美航空公司。</b>DAL 4.24% 宣布了一项新的公司规定，要求所有未来的员工在加入公司前接种 COVID-19 疫苗。</blockquote></p><p> <b>What Happened:</b>&nbsp;The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that&nbsp;the new mandate will ensure its employees will not face a reprise of the health crisis.</p><p><blockquote><b>发生了什么：</b>这家总部位于亚特兰大的航空公司发表声明，称赞疫苗可以保护个人并加速疫情的结束，并补充说，新的授权将确保其员工不会面临健康危机的重演。</blockquote></p><p> “Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”</p><p><blockquote>“战略传播经理伊丽莎白-二宫（Elizabeth Ninomiya）说：”达美航空在实现员工队伍群体免疫方面取得了巨大进步，因此，为了帮助我们保持这一势头，我们将要求美国所有新员工接种 COVID-19 疫苗，除非他们有资格获得住宿。“随着我们业务的复苏和航空旅行需求的持续增长，这是保护我们员工和客户的重要举措”。</blockquote></p><p> Speaking on&nbsp;CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.</p><p><blockquote>达美航空首席执行官埃德·巴斯蒂安在接受美国有线电视新闻网采访时澄清说，这项规定不适用于现有员工。</blockquote></p><p> “I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”</p><p><blockquote>“他说：”如果人们有特定的理由不想接种疫苗，我不会强迫他们接种疫苗。“我将强烈鼓励他们了解不接种疫苗的风险”。</blockquote></p><p> However, he noted&nbsp;employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.</p><p><blockquote>然而，他指出，未接种疫苗的员工可能会被排除在某些任务之外，包括国际航班。他补充说，达美航空 60% 的员工至少接种过一次疫苗。</blockquote></p><p> <i>Related Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks</i></p><p><blockquote><i>相关链接：疾病预防控制中心表示，完全接种疫苗的人大多可以停止戴口罩</i></blockquote></p><p> <b>Why It Matters:</b>&nbsp;Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported&nbsp;<b>United Airlines Holdings&nbsp;Inc.</b>UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.</p><p><blockquote><b>为什么重要：</b>达美航空是第一家宣布只雇用接种疫苗的个人的美国航空公司。《纽约时报》报道<b>联合航空控股公司。</b>UAL 4.73% 首席执行官斯科特-柯比（Scott Kirby）在 1 月份的一个视频论坛上表示支持这一想法，但决定不再推进，因为该航空公司不可能 “实际上是唯一一家 ”采取这一行动的公司。</blockquote></p><p> Although most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.</p><p><blockquote>虽然美国大多数学校都要求孩子接种某些疫苗，但公司根据疫苗接种情况拒绝雇用员工的先例并没有。</blockquote></p><p> Current&nbsp;federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.</p><p><blockquote>目前关于雇主强制接种疫苗的联邦政策侧重于现有雇员的权利，而不是潜在雇员的权利。</blockquote></p><p> The Equal Employment Opportunity Commission (EEOC) issued&nbsp;guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).</p><p><blockquote>平等就业机会委员会（EEOC）去年 12 月发布了指导意见，指出公司 “可以鼓励或可能要求 ”其员工接种 COVID-19 疫苗，前提是其政策符合工作场所法律，包括《美国残疾人法》和 1964 年民权法案第七章（第七章）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174509827","content_text":"Delta Air Lines, Inc. DAL 4.24% has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.\nWhat Happened: The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that the new mandate will ensure its employees will not face a reprise of the health crisis.\n“Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”\nSpeaking on CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.\n“I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”\nHowever, he noted employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.\nRelated Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks\nWhy It Matters: Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported United Airlines Holdings Inc.UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.\nAlthough most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.\nCurrent federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.\nThe Equal Employment Opportunity Commission (EEOC) issued guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).","news_type":1,"symbols_score_info":{"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}