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Gab_Boey

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2021-07-06

Comment and like please

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2021-05-13

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2021-06-10

Like and comment

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2021-06-08

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2021-05-17

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2021-05-05

Nice. Please comment

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2021-04-13

So investor should wait and see during launch?

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2021-04-09

[开心]

Opinion: Stocks’ short-term signals are bullish but Peter Lynch’s long-term investing advice still applies<blockquote>观点：股市短期信号看涨，但彼得林奇的长期投资建议仍然适用</blockquote>

2021-06-29

Do they still have a future or will it be like Nokia?

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2021-06-24

Comment and like please.

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It is a story of a bike company that became a global content brand.","content":"<p><b>Peloton Interactive</b> (NASDAQ:PTON) has deservedly gained the title of the <b>Netflix </b>(NASDAQ:NFLX) of Wellness. It is a story of a bike company that became a global content brand.</p><p><blockquote><b>Peloton互动</b>（纳斯达克：PTON）当之无愧地获得了<b>Netflix</b>（纳斯达克：NFLX）的健康。这是一个自行车公司成为全球内容品牌的故事。</blockquote></p><p> Its recent success has been helped by the pandemic that trapped people across the globe inside their homes, providing the sports entertainment company both a captive and a lucrative audience, with total workouts growing from 48 million just a year earlier to 171 million in the last quarter.</p><p><blockquote>它最近的成功得益于将全球各地的人们困在家中的疫情，为这家体育娱乐公司提供了俘虏和利润丰厚的观众，锻炼总数从一年前的4800万增加到上一季度的1.71亿。</blockquote></p><p> <h4><b>Inside The Hollywoodization Of Peloton</b></h4> In many ways, Peloton operates similarly to an old-school Hollywood studio. It creates star instructors who are on multi-year contracts. It produces its own content and controls its distribution.</p><p><blockquote><h4><b>Peloton的好莱坞化内部</b></h4>在许多方面，Peloton的运营方式类似于老派的好莱坞工作室。它创造了签订多年合同的明星教练。它制作自己的内容并控制其分发。</blockquote></p><p> CEO John Foley, a former president of e-commerce at <b>Barnes &amp; Noble</b> (NYSE:BNED), wanted to shoot for the moon, as he aimed to license tracks from bands he loved, including The Rolling Stones. As a result, Peloton landed Jay-Z and only a few months later, it got Meghan Trainor to record a cover of \"Crazy Little Thing Called Love\".</p><p><blockquote>首席执行官John Foley，前电子商务总裁<b>巴诺书店</b>（纽约证券交易所代码：BNED），想要一飞冲天，因为他的目标是授权他喜欢的乐队的歌曲，包括滚石乐队。结果，Peloton找到了Jay-Z，仅仅几个月后，它就让梅根·特瑞娜录制了《疯狂的小东西叫爱》的封面。</blockquote></p><p> That same year, the brand underwent a transformation from being known for its bikes to being known for its content. It is that year, 2018 when Peloton gifted the world with its digital app. It made stars out of its instructors like Robin Arzón, who now has 770,000 followers on Instagram. It was also the year when it raised $550 million in funding to build a Netflix-like media empire. Only three years later, a major part of what Foley envisioned when he reached for the stars came true. The company, which went public in 2019, now has a market cap of around $30 billion. It has signed deals with Peloton member Beyoncé on classes that celebrate her music and member Shonda Rhimes on a campaign called Year of Yes that is designed to build self-confidence and encourage regular exercise.</p><p><blockquote>同年，该品牌经历了从以自行车闻名到以内容闻名的转变。正是那一年，2018年，Peloton向世界赠送了它的数字应用程序。它让Robin Arzón等导师成为明星，他现在在Instagram上拥有77万粉丝。也是在这一年，它筹集了5.5亿美元的资金，建立了一个类似Netflix的媒体帝国。仅仅三年后，福利在摘星时所设想的大部分实现了。该公司于2019年上市，目前市值约为300亿美元。它与Peloton成员Beyoncé签署了庆祝她音乐的课程的协议，并与成员Shonda Rhimes签署了一项名为Year of Yes的活动，旨在建立自信并鼓励定期锻炼。</blockquote></p><p> Peloton, whose bikes start at $1,895, did it by carefully controlling its production values, smartly promoting its instructors, and making music integral to its brand signature. It now produces 19 new classes a day and offers them in the U.K., Germany, U.S., and Canada.</p><p><blockquote>Peloton的自行车起价为1895美元，它通过仔细控制其生产价值、巧妙地推广其教练以及让音乐成为其品牌签名不可或缺的一部分来做到这一点。它现在每天生产19门新课程，并在英国、德国、美国和加拿大提供。</blockquote></p><p> <h4><b>Peloton Did Some Heavy Lifting</b></h4> Along with the voluntary recall of its two treadmill models in May after the death of a child which the company estimated as a $165 million hit to future revenue and a recently revealed data breach, Peloton has its challenges.</p><p><blockquote><h4><b>Peloton做了一些繁重的工作</b></h4>Peloton在一名儿童死亡后于5月份自愿召回了两款跑步机型号，该公司估计未来收入将受到1.65亿美元的打击，以及最近披露的数据泄露事件，Peloton也面临着挑战。</blockquote></p><p> Peloton's pre-IPO filings and subsequent quarterly earnings reports stress that music licensing is a key risk to its business. It made its public debut while being sued by music publishers over its alleged use of unlicensed songs.&nbsp;Peloton responded by removing every class from its library that had at least <a href=\"https://laohu8.com/S/AONE\">one</a> of the copyrighted songs. This amounted to more than half of the classes at the time. Some Peloton users refered to this day as \"The Day the Music Died,\" and even sued the company over its claim that its on-demand library is \"ever-growing.\" According to SEC filings, Peloton spent $31.1 million to settle the publishers' lawsuit, but the total cost may be even higher than that. Peloton reported its music royalty and streaming delivery fees rose by $81.5 million for the nine months ending March 31st, 2021, compared to the same period last year.</p><p><blockquote>Peloton的IPO前文件和随后的季度收益报告强调，音乐许可是其业务的一个关键风险。它首次公开亮相时，因涉嫌使用未经许可的歌曲而被音乐出版商起诉。Peloton的回应是从其库中删除至少<a href=\"https://laohu8.com/S/AONE\">一</a>有版权的歌曲。这相当于当时班级的一半以上。一些Peloton用户将这一天称为“音乐消亡的一天”，甚至起诉该公司声称其点播库“不断增长”。根据SEC的文件，Peloton花费了3110万美元来解决出版商的诉讼，但总成本可能会更高。Peloton报告称，截至2021年3月31日的九个月内，其音乐版税和流媒体交付费用与去年同期相比增加了8150万美元。</blockquote></p><p> <h4><b>The post-pandemic outlook is bright</b></h4> Despite in-person fitness classes restarting as the pandemic fades into history, Peloton's user base seems to be locked in. The company is proud of its low churn rate of subscribers. In its latest quarter, the churn rate was an impressive 0.31 percent, the company's lowest rate in six years, whereas Netlflix stands at 2.4 percent.</p><p><blockquote><h4><b>大流行后前景光明</b></h4>尽管随着疫情成为历史，面对面的健身课程重新开始，但Peloton的用户群似乎被锁定了。该公司为其低用户流失率感到自豪。在最近一个季度，流失率达到了令人印象深刻的0.31%，是该公司六年来的最低水平，而Netlflix为2.4%。</blockquote></p><p> Later this year, Peloton will open its new 20,000-square-foot London exercise studios and broadcast center. In 2020, New Yorkers got its upgraded $50 million facilities.</p><p><blockquote>今年晚些时候，Peloton将在伦敦开设新的20,000平方英尺的练习室和广播中心。2020年，纽约人获得了价值5000万美元的升级设施。</blockquote></p><p> It has begun rapidly expanding its classes to include things like bike boot camp, dance cardio, and barre to become well-known beyond its original cycling and treadmill offerings.</p><p><blockquote>它已经开始迅速扩大其课程，包括自行车训练营、舞蹈有氧运动和barre等项目，以超越其最初的自行车和跑步机产品而闻名。</blockquote></p><p> <h4><b>Third-Quarter Figures</b></h4> For the quarter that ended March 31st, Peloton reported&nbsp;revenue of $1.26 billion and a loss per share of 3 cents. Its performance even exceeded Wall Street's expectations and the company saw both earnings and sales growth improve last quarter. The bottom line improved from 20 cents per share loss the same quarter a year ago whereas revenue soared 141%. In the prior three quarters, its sales grew 172%, 232%, and 128%.</p><p><blockquote><h4><b>第三季度数据</b></h4>截至3月31日的季度，Peloton报告营收为12.6亿美元，每股亏损3美分。其业绩甚至超出了华尔街的预期，该公司上季度的盈利和销售增长均有所改善。净利润较去年同期每股亏损20美分有所改善，而收入则飙升141%。前三个季度，其销售额分别增长了172%、232%和128%。</blockquote></p><p> Connected-fitness subscriptions rose 135% YoY and now total more than 2 million. The 12-month retention rate stood at 92%.</p><p><blockquote>互联健身订阅量同比增长135%，目前总数超过200万。12个月保留率为92%。</blockquote></p><p></p><p> <h4><b>Delivery Delays</b></h4> Delivery delays are also a result of a continued surge in demand caused by the pandemic. Although a $100 million&nbsp;investment that was announced last quarter in expedited shipping and the recently completed $420 million acquisition of Precor have helped bring Bike fulfillment times back to pre-pandemic&nbsp;levels, Bike+ shipments still face delays.</p><p><blockquote><h4><b>交货延迟</b></h4>交付延迟也是疫情导致需求持续激增的结果。尽管上个季度宣布对加急运输的1亿美元投资以及最近完成的对Precor的4.2亿美元收购帮助将自行车的履行时间恢复到大流行前的水平，但Bike+的运输仍然面临延误。</blockquote></p><p> To help fix these problems, Peloton announced plans to start construction this summer on its first U.S.-based factory on May 24th. The $400 million facility, slated to open in 2023 will certainly help Peloton shorten production and delivery times in its biggest market.</p><p><blockquote>为了帮助解决这些问题，Peloton于5月24日宣布计划于今年夏天开始建设其第一家美国工厂。这座耗资4亿美元的工厂计划于2023年开业，肯定会帮助Peloton缩短其最大市场的生产和交付时间。</blockquote></p><p> <h4><b>Outlook</b></h4> Peloton's latest earnings report is proof that strong momentum is everything bud fading. Its action to expand its manufacturing capabilities shows that the company is addressing <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its main weak spots. Foley admitting the fault, as well as revealing concrete plans to fix safety issues was exactly what investors wanted to hear.</p><p><blockquote><h4><b>世界观</b></h4>Peloton最新的收益报告证明，强劲的势头正在消退。其扩大制造能力的行动表明，该公司正在解决<a href=\"https://laohu8.com/S/AONE.U\">一</a>它的主要弱点。福利承认了错误，并透露了解决安全问题的具体计划，这正是投资者想听到的。</blockquote></p><p> Peloton is going through its most difficult time as a public company but this is a company that never thought small and it became a global wellness entertainment brand because of it. Its content is so good that people want to buy their expensive hardware just to use it.</p><p><blockquote>作为一家上市公司，Peloton正在经历最困难的时期，但这是一家从不考虑小的公司，因此它成为了一个全球健康娱乐品牌。它的内容如此之好，以至于人们想购买昂贵的硬件只是为了使用它。</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>Peloton- A Hollywood Story That Promises To Last<blockquote>Peloton——一个有望持续下去的好莱坞故事</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\">\nPeloton- A Hollywood Story That Promises To Last<blockquote>Peloton——一个有望持续下去的好莱坞故事</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 </p>\n<p class=\"h-time smaller\">2021-07-14 10:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Peloton Interactive</b> (NASDAQ:PTON) has deservedly gained the title of the <b>Netflix </b>(NASDAQ:NFLX) of Wellness. It is a story of a bike company that became a global content brand.</p><p><blockquote><b>Peloton互动</b>（纳斯达克：PTON）当之无愧地获得了<b>Netflix</b>（纳斯达克：NFLX）的健康。这是一个自行车公司成为全球内容品牌的故事。</blockquote></p><p> Its recent success has been helped by the pandemic that trapped people across the globe inside their homes, providing the sports entertainment company both a captive and a lucrative audience, with total workouts growing from 48 million just a year earlier to 171 million in the last quarter.</p><p><blockquote>它最近的成功得益于将全球各地的人们困在家中的疫情，为这家体育娱乐公司提供了俘虏和利润丰厚的观众，锻炼总数从一年前的4800万增加到上一季度的1.71亿。</blockquote></p><p> <h4><b>Inside The Hollywoodization Of Peloton</b></h4> In many ways, Peloton operates similarly to an old-school Hollywood studio. It creates star instructors who are on multi-year contracts. It produces its own content and controls its distribution.</p><p><blockquote><h4><b>Peloton的好莱坞化内部</b></h4>在许多方面，Peloton的运营方式类似于老派的好莱坞工作室。它创造了签订多年合同的明星教练。它制作自己的内容并控制其分发。</blockquote></p><p> CEO John Foley, a former president of e-commerce at <b>Barnes &amp; Noble</b> (NYSE:BNED), wanted to shoot for the moon, as he aimed to license tracks from bands he loved, including The Rolling Stones. As a result, Peloton landed Jay-Z and only a few months later, it got Meghan Trainor to record a cover of \"Crazy Little Thing Called Love\".</p><p><blockquote>首席执行官John Foley，前电子商务总裁<b>巴诺书店</b>（纽约证券交易所代码：BNED），想要一飞冲天，因为他的目标是授权他喜欢的乐队的歌曲，包括滚石乐队。结果，Peloton找到了Jay-Z，仅仅几个月后，它就让梅根·特瑞娜录制了《疯狂的小东西叫爱》的封面。</blockquote></p><p> That same year, the brand underwent a transformation from being known for its bikes to being known for its content. It is that year, 2018 when Peloton gifted the world with its digital app. It made stars out of its instructors like Robin Arzón, who now has 770,000 followers on Instagram. It was also the year when it raised $550 million in funding to build a Netflix-like media empire. Only three years later, a major part of what Foley envisioned when he reached for the stars came true. The company, which went public in 2019, now has a market cap of around $30 billion. It has signed deals with Peloton member Beyoncé on classes that celebrate her music and member Shonda Rhimes on a campaign called Year of Yes that is designed to build self-confidence and encourage regular exercise.</p><p><blockquote>同年，该品牌经历了从以自行车闻名到以内容闻名的转变。正是那一年，2018年，Peloton向世界赠送了它的数字应用程序。它让Robin Arzón等导师成为明星，他现在在Instagram上拥有77万粉丝。也是在这一年，它筹集了5.5亿美元的资金，建立了一个类似Netflix的媒体帝国。仅仅三年后，福利在摘星时所设想的大部分实现了。该公司于2019年上市，目前市值约为300亿美元。它与Peloton成员Beyoncé签署了庆祝她音乐的课程的协议，并与成员Shonda Rhimes签署了一项名为Year of Yes的活动，旨在建立自信并鼓励定期锻炼。</blockquote></p><p> Peloton, whose bikes start at $1,895, did it by carefully controlling its production values, smartly promoting its instructors, and making music integral to its brand signature. It now produces 19 new classes a day and offers them in the U.K., Germany, U.S., and Canada.</p><p><blockquote>Peloton的自行车起价为1895美元，它通过仔细控制其生产价值、巧妙地推广其教练以及让音乐成为其品牌签名不可或缺的一部分来做到这一点。它现在每天生产19门新课程，并在英国、德国、美国和加拿大提供。</blockquote></p><p> <h4><b>Peloton Did Some Heavy Lifting</b></h4> Along with the voluntary recall of its two treadmill models in May after the death of a child which the company estimated as a $165 million hit to future revenue and a recently revealed data breach, Peloton has its challenges.</p><p><blockquote><h4><b>Peloton做了一些繁重的工作</b></h4>Peloton在一名儿童死亡后于5月份自愿召回了两款跑步机型号，该公司估计未来收入将受到1.65亿美元的打击，以及最近披露的数据泄露事件，Peloton也面临着挑战。</blockquote></p><p> Peloton's pre-IPO filings and subsequent quarterly earnings reports stress that music licensing is a key risk to its business. It made its public debut while being sued by music publishers over its alleged use of unlicensed songs.&nbsp;Peloton responded by removing every class from its library that had at least <a href=\"https://laohu8.com/S/AONE\">one</a> of the copyrighted songs. This amounted to more than half of the classes at the time. Some Peloton users refered to this day as \"The Day the Music Died,\" and even sued the company over its claim that its on-demand library is \"ever-growing.\" According to SEC filings, Peloton spent $31.1 million to settle the publishers' lawsuit, but the total cost may be even higher than that. Peloton reported its music royalty and streaming delivery fees rose by $81.5 million for the nine months ending March 31st, 2021, compared to the same period last year.</p><p><blockquote>Peloton的IPO前文件和随后的季度收益报告强调，音乐许可是其业务的一个关键风险。它首次公开亮相时，因涉嫌使用未经许可的歌曲而被音乐出版商起诉。Peloton的回应是从其库中删除至少<a href=\"https://laohu8.com/S/AONE\">一</a>有版权的歌曲。这相当于当时班级的一半以上。一些Peloton用户将这一天称为“音乐消亡的一天”，甚至起诉该公司声称其点播库“不断增长”。根据SEC的文件，Peloton花费了3110万美元来解决出版商的诉讼，但总成本可能会更高。Peloton报告称，截至2021年3月31日的九个月内，其音乐版税和流媒体交付费用与去年同期相比增加了8150万美元。</blockquote></p><p> <h4><b>The post-pandemic outlook is bright</b></h4> Despite in-person fitness classes restarting as the pandemic fades into history, Peloton's user base seems to be locked in. The company is proud of its low churn rate of subscribers. In its latest quarter, the churn rate was an impressive 0.31 percent, the company's lowest rate in six years, whereas Netlflix stands at 2.4 percent.</p><p><blockquote><h4><b>大流行后前景光明</b></h4>尽管随着疫情成为历史，面对面的健身课程重新开始，但Peloton的用户群似乎被锁定了。该公司为其低用户流失率感到自豪。在最近一个季度，流失率达到了令人印象深刻的0.31%，是该公司六年来的最低水平，而Netlflix为2.4%。</blockquote></p><p> Later this year, Peloton will open its new 20,000-square-foot London exercise studios and broadcast center. In 2020, New Yorkers got its upgraded $50 million facilities.</p><p><blockquote>今年晚些时候，Peloton将在伦敦开设新的20,000平方英尺的练习室和广播中心。2020年，纽约人获得了价值5000万美元的升级设施。</blockquote></p><p> It has begun rapidly expanding its classes to include things like bike boot camp, dance cardio, and barre to become well-known beyond its original cycling and treadmill offerings.</p><p><blockquote>它已经开始迅速扩大其课程，包括自行车训练营、舞蹈有氧运动和barre等项目，以超越其最初的自行车和跑步机产品而闻名。</blockquote></p><p> <h4><b>Third-Quarter Figures</b></h4> For the quarter that ended March 31st, Peloton reported&nbsp;revenue of $1.26 billion and a loss per share of 3 cents. Its performance even exceeded Wall Street's expectations and the company saw both earnings and sales growth improve last quarter. The bottom line improved from 20 cents per share loss the same quarter a year ago whereas revenue soared 141%. In the prior three quarters, its sales grew 172%, 232%, and 128%.</p><p><blockquote><h4><b>第三季度数据</b></h4>截至3月31日的季度，Peloton报告营收为12.6亿美元，每股亏损3美分。其业绩甚至超出了华尔街的预期，该公司上季度的盈利和销售增长均有所改善。净利润较去年同期每股亏损20美分有所改善，而收入则飙升141%。前三个季度，其销售额分别增长了172%、232%和128%。</blockquote></p><p> Connected-fitness subscriptions rose 135% YoY and now total more than 2 million. The 12-month retention rate stood at 92%.</p><p><blockquote>互联健身订阅量同比增长135%，目前总数超过200万。12个月保留率为92%。</blockquote></p><p></p><p> <h4><b>Delivery Delays</b></h4> Delivery delays are also a result of a continued surge in demand caused by the pandemic. Although a $100 million&nbsp;investment that was announced last quarter in expedited shipping and the recently completed $420 million acquisition of Precor have helped bring Bike fulfillment times back to pre-pandemic&nbsp;levels, Bike+ shipments still face delays.</p><p><blockquote><h4><b>交货延迟</b></h4>交付延迟也是疫情导致需求持续激增的结果。尽管上个季度宣布对加急运输的1亿美元投资以及最近完成的对Precor的4.2亿美元收购帮助将自行车的履行时间恢复到大流行前的水平，但Bike+的运输仍然面临延误。</blockquote></p><p> To help fix these problems, Peloton announced plans to start construction this summer on its first U.S.-based factory on May 24th. The $400 million facility, slated to open in 2023 will certainly help Peloton shorten production and delivery times in its biggest market.</p><p><blockquote>为了帮助解决这些问题，Peloton于5月24日宣布计划于今年夏天开始建设其第一家美国工厂。这座耗资4亿美元的工厂计划于2023年开业，肯定会帮助Peloton缩短其最大市场的生产和交付时间。</blockquote></p><p> <h4><b>Outlook</b></h4> Peloton's latest earnings report is proof that strong momentum is everything bud fading. Its action to expand its manufacturing capabilities shows that the company is addressing <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its main weak spots. Foley admitting the fault, as well as revealing concrete plans to fix safety issues was exactly what investors wanted to hear.</p><p><blockquote><h4><b>世界观</b></h4>Peloton最新的收益报告证明，强劲的势头正在消退。其扩大制造能力的行动表明，该公司正在解决<a href=\"https://laohu8.com/S/AONE.U\">一</a>它的主要弱点。福利承认了错误，并透露了解决安全问题的具体计划，这正是投资者想听到的。</blockquote></p><p> Peloton is going through its most difficult time as a public company but this is a company that never thought small and it became a global wellness entertainment brand because of it. Its content is so good that people want to buy their expensive hardware just to use it.</p><p><blockquote>作为一家上市公司，Peloton正在经历最困难的时期，但这是一家从不考虑小的公司，因此它成为了一个全球健康娱乐品牌。它的内容如此之好，以至于人们想购买昂贵的硬件只是为了使用它。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNED":"Barnes & Noble Education, Inc","NFLX":"奈飞","PTON":"Peloton Interactive, Inc.","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151598821","content_text":"Peloton Interactive (NASDAQ:PTON) has deservedly gained the title of the Netflix (NASDAQ:NFLX) of Wellness. It is a story of a bike company that became a global content brand.\nIts recent success has been helped by the pandemic that trapped people across the globe inside their homes, providing the sports entertainment company both a captive and a lucrative audience, with total workouts growing from 48 million just a year earlier to 171 million in the last quarter.\nInside The Hollywoodization Of Peloton\nIn many ways, Peloton operates similarly to an old-school Hollywood studio. It creates star instructors who are on multi-year contracts. It produces its own content and controls its distribution.\nCEO John Foley, a former president of e-commerce at Barnes & Noble (NYSE:BNED), wanted to shoot for the moon, as he aimed to license tracks from bands he loved, including The Rolling Stones. As a result, Peloton landed Jay-Z and only a few months later, it got Meghan Trainor to record a cover of \"Crazy Little Thing Called Love\".\nThat same year, the brand underwent a transformation from being known for its bikes to being known for its content. It is that year, 2018 when Peloton gifted the world with its digital app. It made stars out of its instructors like Robin Arzón, who now has 770,000 followers on Instagram. It was also the year when it raised $550 million in funding to build a Netflix-like media empire. Only three years later, a major part of what Foley envisioned when he reached for the stars came true. The company, which went public in 2019, now has a market cap of around $30 billion. It has signed deals with Peloton member Beyoncé on classes that celebrate her music and member Shonda Rhimes on a campaign called Year of Yes that is designed to build self-confidence and encourage regular exercise.\nPeloton, whose bikes start at $1,895, did it by carefully controlling its production values, smartly promoting its instructors, and making music integral to its brand signature. It now produces 19 new classes a day and offers them in the U.K., Germany, U.S., and Canada.\nPeloton Did Some Heavy Lifting\nAlong with the voluntary recall of its two treadmill models in May after the death of a child which the company estimated as a $165 million hit to future revenue and a recently revealed data breach, Peloton has its challenges.\nPeloton's pre-IPO filings and subsequent quarterly earnings reports stress that music licensing is a key risk to its business. It made its public debut while being sued by music publishers over its alleged use of unlicensed songs. Peloton responded by removing every class from its library that had at least one of the copyrighted songs. This amounted to more than half of the classes at the time. Some Peloton users refered to this day as \"The Day the Music Died,\" and even sued the company over its claim that its on-demand library is \"ever-growing.\" According to SEC filings, Peloton spent $31.1 million to settle the publishers' lawsuit, but the total cost may be even higher than that. Peloton reported its music royalty and streaming delivery fees rose by $81.5 million for the nine months ending March 31st, 2021, compared to the same period last year.\nThe post-pandemic outlook is bright\nDespite in-person fitness classes restarting as the pandemic fades into history, Peloton's user base seems to be locked in. The company is proud of its low churn rate of subscribers. In its latest quarter, the churn rate was an impressive 0.31 percent, the company's lowest rate in six years, whereas Netlflix stands at 2.4 percent.\nLater this year, Peloton will open its new 20,000-square-foot London exercise studios and broadcast center. In 2020, New Yorkers got its upgraded $50 million facilities.\nIt has begun rapidly expanding its classes to include things like bike boot camp, dance cardio, and barre to become well-known beyond its original cycling and treadmill offerings.\nThird-Quarter Figures\nFor the quarter that ended March 31st, Peloton reported revenue of $1.26 billion and a loss per share of 3 cents. Its performance even exceeded Wall Street's expectations and the company saw both earnings and sales growth improve last quarter. The bottom line improved from 20 cents per share loss the same quarter a year ago whereas revenue soared 141%. In the prior three quarters, its sales grew 172%, 232%, and 128%.\nConnected-fitness subscriptions rose 135% YoY and now total more than 2 million. The 12-month retention rate stood at 92%.\nDelivery Delays\nDelivery delays are also a result of a continued surge in demand caused by the pandemic. Although a $100 million investment that was announced last quarter in expedited shipping and the recently completed $420 million acquisition of Precor have helped bring Bike fulfillment times back to pre-pandemic levels, Bike+ shipments still face delays.\nTo help fix these problems, Peloton announced plans to start construction this summer on its first U.S.-based factory on May 24th. The $400 million facility, slated to open in 2023 will certainly help Peloton shorten production and delivery times in its biggest market.\nOutlook\nPeloton's latest earnings report is proof that strong momentum is everything bud fading. Its action to expand its manufacturing capabilities shows that the company is addressing one of its main weak spots. Foley admitting the fault, as well as revealing concrete plans to fix safety issues was exactly what investors wanted to hear.\nPeloton is going through its most difficult time as a public company but this is a company that never thought small and it became a global wellness entertainment brand because of it. Its content is so good that people want to buy their expensive hardware just to use it.","news_type":1,"symbols_score_info":{"BNED":0.9,"QNETCN":0.9,"PTON":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145434126,"gmtCreate":1626236208765,"gmtModify":1631884416714,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Commercial and like please.&nbsp;","listText":"Commercial and like please.&nbsp;","text":"Commercial and like please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145434126","repostId":"2151598821","repostType":4,"repost":{"id":"2151598821","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626229411,"share":"https://www.laohu8.com/m/news/2151598821?lang=zh_CN&edition=full","pubTime":"2021-07-14 10:23","market":"hk","language":"en","title":"Peloton- A Hollywood Story That Promises To Last<blockquote>Peloton——一个有望持续下去的好莱坞故事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2151598821","media":"Benzinga","summary":"Peloton Interactive (NASDAQ: PTON) has deservedly gained the title of the Netflix (NASDAQ: NFLX) of Wellness. It is a story of a bike company that became a global content brand.","content":"<p><b>Peloton Interactive</b> (NASDAQ:PTON) has deservedly gained the title of the <b>Netflix </b>(NASDAQ:NFLX) of Wellness. It is a story of a bike company that became a global content brand.</p><p><blockquote><b>Peloton互动</b>（纳斯达克：PTON）当之无愧地获得了<b>Netflix</b>（纳斯达克：NFLX）的健康。这是一个自行车公司成为全球内容品牌的故事。</blockquote></p><p> Its recent success has been helped by the pandemic that trapped people across the globe inside their homes, providing the sports entertainment company both a captive and a lucrative audience, with total workouts growing from 48 million just a year earlier to 171 million in the last quarter.</p><p><blockquote>它最近的成功得益于将全球各地的人们困在家中的疫情，为这家体育娱乐公司提供了俘虏和利润丰厚的观众，锻炼总数从一年前的4800万增加到上一季度的1.71亿。</blockquote></p><p> <h4><b>Inside The Hollywoodization Of Peloton</b></h4> In many ways, Peloton operates similarly to an old-school Hollywood studio. It creates star instructors who are on multi-year contracts. It produces its own content and controls its distribution.</p><p><blockquote><h4><b>Peloton的好莱坞化内部</b></h4>在许多方面，Peloton的运营方式类似于老派的好莱坞工作室。它创造了签订多年合同的明星教练。它制作自己的内容并控制其分发。</blockquote></p><p> CEO John Foley, a former president of e-commerce at <b>Barnes &amp; Noble</b> (NYSE:BNED), wanted to shoot for the moon, as he aimed to license tracks from bands he loved, including The Rolling Stones. As a result, Peloton landed Jay-Z and only a few months later, it got Meghan Trainor to record a cover of \"Crazy Little Thing Called Love\".</p><p><blockquote>首席执行官John Foley，前电子商务总裁<b>巴诺书店</b>（纽约证券交易所代码：BNED），想要一飞冲天，因为他的目标是授权他喜欢的乐队的歌曲，包括滚石乐队。结果，Peloton找到了Jay-Z，仅仅几个月后，它就让梅根·特瑞娜录制了《疯狂的小东西叫爱》的封面。</blockquote></p><p> That same year, the brand underwent a transformation from being known for its bikes to being known for its content. It is that year, 2018 when Peloton gifted the world with its digital app. It made stars out of its instructors like Robin Arzón, who now has 770,000 followers on Instagram. It was also the year when it raised $550 million in funding to build a Netflix-like media empire. Only three years later, a major part of what Foley envisioned when he reached for the stars came true. The company, which went public in 2019, now has a market cap of around $30 billion. It has signed deals with Peloton member Beyoncé on classes that celebrate her music and member Shonda Rhimes on a campaign called Year of Yes that is designed to build self-confidence and encourage regular exercise.</p><p><blockquote>同年，该品牌经历了从以自行车闻名到以内容闻名的转变。正是那一年，2018年，Peloton向世界赠送了它的数字应用程序。它让Robin Arzón等导师成为明星，他现在在Instagram上拥有77万粉丝。也是在这一年，它筹集了5.5亿美元的资金，建立了一个类似Netflix的媒体帝国。仅仅三年后，福利在摘星时所设想的大部分实现了。该公司于2019年上市，目前市值约为300亿美元。它与Peloton成员Beyoncé签署了庆祝她音乐的课程的协议，并与成员Shonda Rhimes签署了一项名为Year of Yes的活动，旨在建立自信并鼓励定期锻炼。</blockquote></p><p> Peloton, whose bikes start at $1,895, did it by carefully controlling its production values, smartly promoting its instructors, and making music integral to its brand signature. It now produces 19 new classes a day and offers them in the U.K., Germany, U.S., and Canada.</p><p><blockquote>Peloton的自行车起价为1895美元，它通过仔细控制其生产价值、巧妙地推广其教练以及让音乐成为其品牌签名不可或缺的一部分来做到这一点。它现在每天生产19门新课程，并在英国、德国、美国和加拿大提供。</blockquote></p><p> <h4><b>Peloton Did Some Heavy Lifting</b></h4> Along with the voluntary recall of its two treadmill models in May after the death of a child which the company estimated as a $165 million hit to future revenue and a recently revealed data breach, Peloton has its challenges.</p><p><blockquote><h4><b>Peloton做了一些繁重的工作</b></h4>Peloton在一名儿童死亡后于5月份自愿召回了两款跑步机型号，该公司估计未来收入将受到1.65亿美元的打击，以及最近披露的数据泄露事件，Peloton也面临着挑战。</blockquote></p><p> Peloton's pre-IPO filings and subsequent quarterly earnings reports stress that music licensing is a key risk to its business. It made its public debut while being sued by music publishers over its alleged use of unlicensed songs.&nbsp;Peloton responded by removing every class from its library that had at least <a href=\"https://laohu8.com/S/AONE\">one</a> of the copyrighted songs. This amounted to more than half of the classes at the time. Some Peloton users refered to this day as \"The Day the Music Died,\" and even sued the company over its claim that its on-demand library is \"ever-growing.\" According to SEC filings, Peloton spent $31.1 million to settle the publishers' lawsuit, but the total cost may be even higher than that. Peloton reported its music royalty and streaming delivery fees rose by $81.5 million for the nine months ending March 31st, 2021, compared to the same period last year.</p><p><blockquote>Peloton的IPO前文件和随后的季度收益报告强调，音乐许可是其业务的一个关键风险。它首次公开亮相时，因涉嫌使用未经许可的歌曲而被音乐出版商起诉。Peloton的回应是从其库中删除至少<a href=\"https://laohu8.com/S/AONE\">一</a>有版权的歌曲。这相当于当时班级的一半以上。一些Peloton用户将这一天称为“音乐消亡的一天”，甚至起诉该公司声称其点播库“不断增长”。根据SEC的文件，Peloton花费了3110万美元来解决出版商的诉讼，但总成本可能会更高。Peloton报告称，截至2021年3月31日的九个月内，其音乐版税和流媒体交付费用与去年同期相比增加了8150万美元。</blockquote></p><p> <h4><b>The post-pandemic outlook is bright</b></h4> Despite in-person fitness classes restarting as the pandemic fades into history, Peloton's user base seems to be locked in. The company is proud of its low churn rate of subscribers. In its latest quarter, the churn rate was an impressive 0.31 percent, the company's lowest rate in six years, whereas Netlflix stands at 2.4 percent.</p><p><blockquote><h4><b>大流行后前景光明</b></h4>尽管随着疫情成为历史，面对面的健身课程重新开始，但Peloton的用户群似乎被锁定了。该公司为其低用户流失率感到自豪。在最近一个季度，流失率达到了令人印象深刻的0.31%，是该公司六年来的最低水平，而Netlflix为2.4%。</blockquote></p><p> Later this year, Peloton will open its new 20,000-square-foot London exercise studios and broadcast center. In 2020, New Yorkers got its upgraded $50 million facilities.</p><p><blockquote>今年晚些时候，Peloton将在伦敦开设新的20,000平方英尺的练习室和广播中心。2020年，纽约人获得了价值5000万美元的升级设施。</blockquote></p><p> It has begun rapidly expanding its classes to include things like bike boot camp, dance cardio, and barre to become well-known beyond its original cycling and treadmill offerings.</p><p><blockquote>它已经开始迅速扩大其课程，包括自行车训练营、舞蹈有氧运动和barre等项目，以超越其最初的自行车和跑步机产品而闻名。</blockquote></p><p> <h4><b>Third-Quarter Figures</b></h4> For the quarter that ended March 31st, Peloton reported&nbsp;revenue of $1.26 billion and a loss per share of 3 cents. Its performance even exceeded Wall Street's expectations and the company saw both earnings and sales growth improve last quarter. The bottom line improved from 20 cents per share loss the same quarter a year ago whereas revenue soared 141%. In the prior three quarters, its sales grew 172%, 232%, and 128%.</p><p><blockquote><h4><b>第三季度数据</b></h4>截至3月31日的季度，Peloton报告营收为12.6亿美元，每股亏损3美分。其业绩甚至超出了华尔街的预期，该公司上季度的盈利和销售增长均有所改善。净利润较去年同期每股亏损20美分有所改善，而收入则飙升141%。前三个季度，其销售额分别增长了172%、232%和128%。</blockquote></p><p> Connected-fitness subscriptions rose 135% YoY and now total more than 2 million. The 12-month retention rate stood at 92%.</p><p><blockquote>互联健身订阅量同比增长135%，目前总数超过200万。12个月保留率为92%。</blockquote></p><p></p><p> <h4><b>Delivery Delays</b></h4> Delivery delays are also a result of a continued surge in demand caused by the pandemic. Although a $100 million&nbsp;investment that was announced last quarter in expedited shipping and the recently completed $420 million acquisition of Precor have helped bring Bike fulfillment times back to pre-pandemic&nbsp;levels, Bike+ shipments still face delays.</p><p><blockquote><h4><b>交货延迟</b></h4>交付延迟也是疫情导致需求持续激增的结果。尽管上个季度宣布对加急运输的1亿美元投资以及最近完成的对Precor的4.2亿美元收购帮助将自行车的履行时间恢复到大流行前的水平，但Bike+的运输仍然面临延误。</blockquote></p><p> To help fix these problems, Peloton announced plans to start construction this summer on its first U.S.-based factory on May 24th. The $400 million facility, slated to open in 2023 will certainly help Peloton shorten production and delivery times in its biggest market.</p><p><blockquote>为了帮助解决这些问题，Peloton于5月24日宣布计划于今年夏天开始建设其第一家美国工厂。这座耗资4亿美元的工厂计划于2023年开业，肯定会帮助Peloton缩短其最大市场的生产和交付时间。</blockquote></p><p> <h4><b>Outlook</b></h4> Peloton's latest earnings report is proof that strong momentum is everything bud fading. Its action to expand its manufacturing capabilities shows that the company is addressing <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its main weak spots. Foley admitting the fault, as well as revealing concrete plans to fix safety issues was exactly what investors wanted to hear.</p><p><blockquote><h4><b>世界观</b></h4>Peloton最新的收益报告证明，强劲的势头正在消退。其扩大制造能力的行动表明，该公司正在解决<a href=\"https://laohu8.com/S/AONE.U\">一</a>它的主要弱点。福利承认了错误，并透露了解决安全问题的具体计划，这正是投资者想听到的。</blockquote></p><p> Peloton is going through its most difficult time as a public company but this is a company that never thought small and it became a global wellness entertainment brand because of it. Its content is so good that people want to buy their expensive hardware just to use it.</p><p><blockquote>作为一家上市公司，Peloton正在经历最困难的时期，但这是一家从不考虑小的公司，因此它成为了一个全球健康娱乐品牌。它的内容如此之好，以至于人们想购买昂贵的硬件只是为了使用它。</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>Peloton- A Hollywood Story That Promises To Last<blockquote>Peloton——一个有望持续下去的好莱坞故事</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\">\nPeloton- A Hollywood Story That Promises To Last<blockquote>Peloton——一个有望持续下去的好莱坞故事</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 </p>\n<p class=\"h-time smaller\">2021-07-14 10:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Peloton Interactive</b> (NASDAQ:PTON) has deservedly gained the title of the <b>Netflix </b>(NASDAQ:NFLX) of Wellness. It is a story of a bike company that became a global content brand.</p><p><blockquote><b>Peloton互动</b>（纳斯达克：PTON）当之无愧地获得了<b>Netflix</b>（纳斯达克：NFLX）的健康。这是一个自行车公司成为全球内容品牌的故事。</blockquote></p><p> Its recent success has been helped by the pandemic that trapped people across the globe inside their homes, providing the sports entertainment company both a captive and a lucrative audience, with total workouts growing from 48 million just a year earlier to 171 million in the last quarter.</p><p><blockquote>它最近的成功得益于将全球各地的人们困在家中的疫情，为这家体育娱乐公司提供了俘虏和利润丰厚的观众，锻炼总数从一年前的4800万增加到上一季度的1.71亿。</blockquote></p><p> <h4><b>Inside The Hollywoodization Of Peloton</b></h4> In many ways, Peloton operates similarly to an old-school Hollywood studio. It creates star instructors who are on multi-year contracts. It produces its own content and controls its distribution.</p><p><blockquote><h4><b>Peloton的好莱坞化内部</b></h4>在许多方面，Peloton的运营方式类似于老派的好莱坞工作室。它创造了签订多年合同的明星教练。它制作自己的内容并控制其分发。</blockquote></p><p> CEO John Foley, a former president of e-commerce at <b>Barnes &amp; Noble</b> (NYSE:BNED), wanted to shoot for the moon, as he aimed to license tracks from bands he loved, including The Rolling Stones. As a result, Peloton landed Jay-Z and only a few months later, it got Meghan Trainor to record a cover of \"Crazy Little Thing Called Love\".</p><p><blockquote>首席执行官John Foley，前电子商务总裁<b>巴诺书店</b>（纽约证券交易所代码：BNED），想要一飞冲天，因为他的目标是授权他喜欢的乐队的歌曲，包括滚石乐队。结果，Peloton找到了Jay-Z，仅仅几个月后，它就让梅根·特瑞娜录制了《疯狂的小东西叫爱》的封面。</blockquote></p><p> That same year, the brand underwent a transformation from being known for its bikes to being known for its content. It is that year, 2018 when Peloton gifted the world with its digital app. It made stars out of its instructors like Robin Arzón, who now has 770,000 followers on Instagram. It was also the year when it raised $550 million in funding to build a Netflix-like media empire. Only three years later, a major part of what Foley envisioned when he reached for the stars came true. The company, which went public in 2019, now has a market cap of around $30 billion. It has signed deals with Peloton member Beyoncé on classes that celebrate her music and member Shonda Rhimes on a campaign called Year of Yes that is designed to build self-confidence and encourage regular exercise.</p><p><blockquote>同年，该品牌经历了从以自行车闻名到以内容闻名的转变。正是那一年，2018年，Peloton向世界赠送了它的数字应用程序。它让Robin Arzón等导师成为明星，他现在在Instagram上拥有77万粉丝。也是在这一年，它筹集了5.5亿美元的资金，建立了一个类似Netflix的媒体帝国。仅仅三年后，福利在摘星时所设想的大部分实现了。该公司于2019年上市，目前市值约为300亿美元。它与Peloton成员Beyoncé签署了庆祝她音乐的课程的协议，并与成员Shonda Rhimes签署了一项名为Year of Yes的活动，旨在建立自信并鼓励定期锻炼。</blockquote></p><p> Peloton, whose bikes start at $1,895, did it by carefully controlling its production values, smartly promoting its instructors, and making music integral to its brand signature. It now produces 19 new classes a day and offers them in the U.K., Germany, U.S., and Canada.</p><p><blockquote>Peloton的自行车起价为1895美元，它通过仔细控制其生产价值、巧妙地推广其教练以及让音乐成为其品牌签名不可或缺的一部分来做到这一点。它现在每天生产19门新课程，并在英国、德国、美国和加拿大提供。</blockquote></p><p> <h4><b>Peloton Did Some Heavy Lifting</b></h4> Along with the voluntary recall of its two treadmill models in May after the death of a child which the company estimated as a $165 million hit to future revenue and a recently revealed data breach, Peloton has its challenges.</p><p><blockquote><h4><b>Peloton做了一些繁重的工作</b></h4>Peloton在一名儿童死亡后于5月份自愿召回了两款跑步机型号，该公司估计未来收入将受到1.65亿美元的打击，以及最近披露的数据泄露事件，Peloton也面临着挑战。</blockquote></p><p> Peloton's pre-IPO filings and subsequent quarterly earnings reports stress that music licensing is a key risk to its business. It made its public debut while being sued by music publishers over its alleged use of unlicensed songs.&nbsp;Peloton responded by removing every class from its library that had at least <a href=\"https://laohu8.com/S/AONE\">one</a> of the copyrighted songs. This amounted to more than half of the classes at the time. Some Peloton users refered to this day as \"The Day the Music Died,\" and even sued the company over its claim that its on-demand library is \"ever-growing.\" According to SEC filings, Peloton spent $31.1 million to settle the publishers' lawsuit, but the total cost may be even higher than that. Peloton reported its music royalty and streaming delivery fees rose by $81.5 million for the nine months ending March 31st, 2021, compared to the same period last year.</p><p><blockquote>Peloton的IPO前文件和随后的季度收益报告强调，音乐许可是其业务的一个关键风险。它首次公开亮相时，因涉嫌使用未经许可的歌曲而被音乐出版商起诉。Peloton的回应是从其库中删除至少<a href=\"https://laohu8.com/S/AONE\">一</a>有版权的歌曲。这相当于当时班级的一半以上。一些Peloton用户将这一天称为“音乐消亡的一天”，甚至起诉该公司声称其点播库“不断增长”。根据SEC的文件，Peloton花费了3110万美元来解决出版商的诉讼，但总成本可能会更高。Peloton报告称，截至2021年3月31日的九个月内，其音乐版税和流媒体交付费用与去年同期相比增加了8150万美元。</blockquote></p><p> <h4><b>The post-pandemic outlook is bright</b></h4> Despite in-person fitness classes restarting as the pandemic fades into history, Peloton's user base seems to be locked in. The company is proud of its low churn rate of subscribers. In its latest quarter, the churn rate was an impressive 0.31 percent, the company's lowest rate in six years, whereas Netlflix stands at 2.4 percent.</p><p><blockquote><h4><b>大流行后前景光明</b></h4>尽管随着疫情成为历史，面对面的健身课程重新开始，但Peloton的用户群似乎被锁定了。该公司为其低用户流失率感到自豪。在最近一个季度，流失率达到了令人印象深刻的0.31%，是该公司六年来的最低水平，而Netlflix为2.4%。</blockquote></p><p> Later this year, Peloton will open its new 20,000-square-foot London exercise studios and broadcast center. In 2020, New Yorkers got its upgraded $50 million facilities.</p><p><blockquote>今年晚些时候，Peloton将在伦敦开设新的20,000平方英尺的练习室和广播中心。2020年，纽约人获得了价值5000万美元的升级设施。</blockquote></p><p> It has begun rapidly expanding its classes to include things like bike boot camp, dance cardio, and barre to become well-known beyond its original cycling and treadmill offerings.</p><p><blockquote>它已经开始迅速扩大其课程，包括自行车训练营、舞蹈有氧运动和barre等项目，以超越其最初的自行车和跑步机产品而闻名。</blockquote></p><p> <h4><b>Third-Quarter Figures</b></h4> For the quarter that ended March 31st, Peloton reported&nbsp;revenue of $1.26 billion and a loss per share of 3 cents. Its performance even exceeded Wall Street's expectations and the company saw both earnings and sales growth improve last quarter. The bottom line improved from 20 cents per share loss the same quarter a year ago whereas revenue soared 141%. In the prior three quarters, its sales grew 172%, 232%, and 128%.</p><p><blockquote><h4><b>第三季度数据</b></h4>截至3月31日的季度，Peloton报告营收为12.6亿美元，每股亏损3美分。其业绩甚至超出了华尔街的预期，该公司上季度的盈利和销售增长均有所改善。净利润较去年同期每股亏损20美分有所改善，而收入则飙升141%。前三个季度，其销售额分别增长了172%、232%和128%。</blockquote></p><p> Connected-fitness subscriptions rose 135% YoY and now total more than 2 million. The 12-month retention rate stood at 92%.</p><p><blockquote>互联健身订阅量同比增长135%，目前总数超过200万。12个月保留率为92%。</blockquote></p><p></p><p> <h4><b>Delivery Delays</b></h4> Delivery delays are also a result of a continued surge in demand caused by the pandemic. Although a $100 million&nbsp;investment that was announced last quarter in expedited shipping and the recently completed $420 million acquisition of Precor have helped bring Bike fulfillment times back to pre-pandemic&nbsp;levels, Bike+ shipments still face delays.</p><p><blockquote><h4><b>交货延迟</b></h4>交付延迟也是疫情导致需求持续激增的结果。尽管上个季度宣布对加急运输的1亿美元投资以及最近完成的对Precor的4.2亿美元收购帮助将自行车的履行时间恢复到大流行前的水平，但Bike+的运输仍然面临延误。</blockquote></p><p> To help fix these problems, Peloton announced plans to start construction this summer on its first U.S.-based factory on May 24th. The $400 million facility, slated to open in 2023 will certainly help Peloton shorten production and delivery times in its biggest market.</p><p><blockquote>为了帮助解决这些问题，Peloton于5月24日宣布计划于今年夏天开始建设其第一家美国工厂。这座耗资4亿美元的工厂计划于2023年开业，肯定会帮助Peloton缩短其最大市场的生产和交付时间。</blockquote></p><p> <h4><b>Outlook</b></h4> Peloton's latest earnings report is proof that strong momentum is everything bud fading. Its action to expand its manufacturing capabilities shows that the company is addressing <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its main weak spots. Foley admitting the fault, as well as revealing concrete plans to fix safety issues was exactly what investors wanted to hear.</p><p><blockquote><h4><b>世界观</b></h4>Peloton最新的收益报告证明，强劲的势头正在消退。其扩大制造能力的行动表明，该公司正在解决<a href=\"https://laohu8.com/S/AONE.U\">一</a>它的主要弱点。福利承认了错误，并透露了解决安全问题的具体计划，这正是投资者想听到的。</blockquote></p><p> Peloton is going through its most difficult time as a public company but this is a company that never thought small and it became a global wellness entertainment brand because of it. Its content is so good that people want to buy their expensive hardware just to use it.</p><p><blockquote>作为一家上市公司，Peloton正在经历最困难的时期，但这是一家从不考虑小的公司，因此它成为了一个全球健康娱乐品牌。它的内容如此之好，以至于人们想购买昂贵的硬件只是为了使用它。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNED":"Barnes & Noble Education, Inc","NFLX":"奈飞","PTON":"Peloton Interactive, Inc.","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151598821","content_text":"Peloton Interactive (NASDAQ:PTON) has deservedly gained the title of the Netflix (NASDAQ:NFLX) of Wellness. It is a story of a bike company that became a global content brand.\nIts recent success has been helped by the pandemic that trapped people across the globe inside their homes, providing the sports entertainment company both a captive and a lucrative audience, with total workouts growing from 48 million just a year earlier to 171 million in the last quarter.\nInside The Hollywoodization Of Peloton\nIn many ways, Peloton operates similarly to an old-school Hollywood studio. It creates star instructors who are on multi-year contracts. It produces its own content and controls its distribution.\nCEO John Foley, a former president of e-commerce at Barnes & Noble (NYSE:BNED), wanted to shoot for the moon, as he aimed to license tracks from bands he loved, including The Rolling Stones. As a result, Peloton landed Jay-Z and only a few months later, it got Meghan Trainor to record a cover of \"Crazy Little Thing Called Love\".\nThat same year, the brand underwent a transformation from being known for its bikes to being known for its content. It is that year, 2018 when Peloton gifted the world with its digital app. It made stars out of its instructors like Robin Arzón, who now has 770,000 followers on Instagram. It was also the year when it raised $550 million in funding to build a Netflix-like media empire. Only three years later, a major part of what Foley envisioned when he reached for the stars came true. The company, which went public in 2019, now has a market cap of around $30 billion. It has signed deals with Peloton member Beyoncé on classes that celebrate her music and member Shonda Rhimes on a campaign called Year of Yes that is designed to build self-confidence and encourage regular exercise.\nPeloton, whose bikes start at $1,895, did it by carefully controlling its production values, smartly promoting its instructors, and making music integral to its brand signature. It now produces 19 new classes a day and offers them in the U.K., Germany, U.S., and Canada.\nPeloton Did Some Heavy Lifting\nAlong with the voluntary recall of its two treadmill models in May after the death of a child which the company estimated as a $165 million hit to future revenue and a recently revealed data breach, Peloton has its challenges.\nPeloton's pre-IPO filings and subsequent quarterly earnings reports stress that music licensing is a key risk to its business. It made its public debut while being sued by music publishers over its alleged use of unlicensed songs. Peloton responded by removing every class from its library that had at least one of the copyrighted songs. This amounted to more than half of the classes at the time. Some Peloton users refered to this day as \"The Day the Music Died,\" and even sued the company over its claim that its on-demand library is \"ever-growing.\" According to SEC filings, Peloton spent $31.1 million to settle the publishers' lawsuit, but the total cost may be even higher than that. Peloton reported its music royalty and streaming delivery fees rose by $81.5 million for the nine months ending March 31st, 2021, compared to the same period last year.\nThe post-pandemic outlook is bright\nDespite in-person fitness classes restarting as the pandemic fades into history, Peloton's user base seems to be locked in. The company is proud of its low churn rate of subscribers. In its latest quarter, the churn rate was an impressive 0.31 percent, the company's lowest rate in six years, whereas Netlflix stands at 2.4 percent.\nLater this year, Peloton will open its new 20,000-square-foot London exercise studios and broadcast center. In 2020, New Yorkers got its upgraded $50 million facilities.\nIt has begun rapidly expanding its classes to include things like bike boot camp, dance cardio, and barre to become well-known beyond its original cycling and treadmill offerings.\nThird-Quarter Figures\nFor the quarter that ended March 31st, Peloton reported revenue of $1.26 billion and a loss per share of 3 cents. Its performance even exceeded Wall Street's expectations and the company saw both earnings and sales growth improve last quarter. The bottom line improved from 20 cents per share loss the same quarter a year ago whereas revenue soared 141%. In the prior three quarters, its sales grew 172%, 232%, and 128%.\nConnected-fitness subscriptions rose 135% YoY and now total more than 2 million. The 12-month retention rate stood at 92%.\nDelivery Delays\nDelivery delays are also a result of a continued surge in demand caused by the pandemic. Although a $100 million investment that was announced last quarter in expedited shipping and the recently completed $420 million acquisition of Precor have helped bring Bike fulfillment times back to pre-pandemic levels, Bike+ shipments still face delays.\nTo help fix these problems, Peloton announced plans to start construction this summer on its first U.S.-based factory on May 24th. The $400 million facility, slated to open in 2023 will certainly help Peloton shorten production and delivery times in its biggest market.\nOutlook\nPeloton's latest earnings report is proof that strong momentum is everything bud fading. Its action to expand its manufacturing capabilities shows that the company is addressing one of its main weak spots. Foley admitting the fault, as well as revealing concrete plans to fix safety issues was exactly what investors wanted to hear.\nPeloton is going through its most difficult time as a public company but this is a company that never thought small and it became a global wellness entertainment brand because of it. Its content is so good that people want to buy their expensive hardware just to use it.","news_type":1,"symbols_score_info":{"BNED":0.9,"QNETCN":0.9,"PTON":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143753865,"gmtCreate":1625819622657,"gmtModify":1631884416725,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please.&nbsp;","listText":"Comment and like please.&nbsp;","text":"Comment and like please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/143753865","repostId":"1119741032","repostType":4,"repost":{"id":"1119741032","kind":"news","pubTimestamp":1625803532,"share":"https://www.laohu8.com/m/news/1119741032?lang=zh_CN&edition=full","pubTime":"2021-07-09 12:05","market":"hk","language":"en","title":"5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge<blockquote>随着利率暴跌，值得买入并获得巨额股息的5只蓝筹股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119741032","media":"24/7 wall street","summary":"Just last month, we were being warned that interest rates were ready to move meaningfully higher as ","content":"<p><a href=\"https://laohu8.com/S/JE\">Just</a> last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we have been stuck in for years. Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>上个月，我们被警告说，随着通胀和美联储联手结束我们多年来陷入的大规模低利率模式，利率已准备好大幅走高。然后，利率似乎突然大幅走低，10年期国债收益率从5月底的近1.70%降至1.32%。基准30年期国债回到1.94%的水平。这是自去年冬天以来的最低利率水平。</blockquote></p><p> For income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, <a href=\"https://laohu8.com/S/AONE\">one</a> thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.</p><p><blockquote>对于收益投资者来说，这是十多年来问题的又一次挫折。虽然利率肯定会再次上升，<a href=\"https://laohu8.com/S/AONE\">一</a>事情似乎是肯定的：在经济恢复全面强劲之前，美联储不会加息。美联储近期唯一准备采取的举措是开始缩减每月1200亿美元的国债和抵押贷款债务购买规模。</blockquote></p><p> We screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.</p><p><blockquote>我们筛选了美国银行证券研究领域，寻找支付至少4%股息的买入评级蓝筹股。我们发现了五种现在对成长型和收益型投资者非常有吸引力的股票。虽然所有报告都被评为买入，但重要的是要记住，任何分析师报告都不应用作任何买入或卖出决策的唯一依据。</blockquote></p><p> <a href=\"https://laohu8.com/S/MO\">Altria</a></p><p><blockquote><a href=\"https://laohu8.com/S/MO\">奥驰亚</a></blockquote></p><p> This maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.</p><p><blockquote>这家烟草产品制造商现在为价值投资者提供了一个很好的切入点，但最近由于卷烟销售放缓而受到打击。奥驰亚集团公司（纽约证券交易所股票代码：MO）是<a href=\"https://laohu8.com/S/PM\">菲利普·莫里斯</a>美国（香烟），UST（无烟），约翰米德尔顿（雪茄），Ste。米歇尔葡萄酒庄园和菲利普莫里斯资本。PMUSA在美国卷烟市场占据51%的份额，由其顶级卷烟品牌万宝路引领。</blockquote></p><p> Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.</p><p><blockquote>奥驰亚还拥有全球最大啤酒制造商百威英博10%以上的股份。2008年3月，它将国际卷烟业务分拆给股东。2018年12月，该公司收购了Juul Labs 35%的股份，并以18亿美元收购了大麻公司Cronus 45%的股份。</blockquote></p><p> BofA Securities is very favorable toward the company’s plans for the future:</p><p><blockquote>美银证券非常看好该公司的未来计划：</blockquote></p><p>   Management presented at CAGNY (Consumer Analyst Group of <a href=\"https://laohu8.com/S/NWY\">New York</a>) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.  Shareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.</p><p><blockquote>管理层在CAGNY（消费者分析师小组<a href=\"https://laohu8.com/S/NWY\">纽约</a>）讨论了企业对ESG的新关注、IQOS计划及其“超越吸烟”10年计划的更多细节。Smokeables（香烟/雪茄）仍将是其战略的重要组成部分，为其长期增长和股东回报提供资金。在过去的5年里，尽管数量下降，吸烟和其他综合收入仍以5.5%的复合年增长率增长。股东获得7.35%的股息。分析师对该股的目标价为58美元，而共识目标价较低，为53.89美元。奥驰亚股价周三收于每股46.79美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/CVX\">Chevron</a></p><p><blockquote><a href=\"https://laohu8.com/S/CVX\">雪佛龙</a></blockquote></p><p> This energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.</p><p><blockquote>对于较为保守的投资者来说，这家能源巨头是在该行业定位的可靠途径。雪佛龙公司（纽约证券交易所股票代码：CVX）是一家总部位于美国的综合性石油和天然气公司，在勘探和生产、炼油和营销、运输和石化领域开展全球业务。该公司拥有可观的股息，并在天然气和液化天然气领域拥有稳固的地位。</blockquote></p><p> With the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (<a href=\"https://laohu8.com/S/NBL\">Noble</a> integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.</p><p><blockquote>凭借各大巨头中最强大的财务基础，加上有吸引力的相对资产基础，华尔街的许多人认为雪佛龙提供了最直接的正风险/回报。尽管目前的情况不值得大力关注产量增长，但雪佛龙拥有众多中期驱动因素（<a href=\"https://laohu8.com/S/NBL\">高尚的</a>一体化、二叠纪、TCO/WPMP扩张、墨西哥湾勘探、Vaca Muerta等）应该会支持未来几年的生产水平。</blockquote></p><p> <a href=\"https://laohu8.com/S/IBM\">IBM</a></p><p><blockquote><a href=\"https://laohu8.com/S/IBM\">IBM</a></blockquote></p><p> This old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.</p><p><blockquote>这家老派科技巨头仍然为投资者提供了一个非常坚实的切入点。国际商业机器公司（纽约证券交易所代码：IBM）是一家领先的企业解决方案提供商，提供广泛的信息技术（IT）硬件、商业和IT服务以及全套软件解决方案。</blockquote></p><p> The company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.</p><p><blockquote>该公司将其硬件产品与其软件和服务产品相集成，以提供高价值的解决方案。分析师将该公司在公共云领域的潜力作为他们对未来前景持积极态度的原因。</blockquote></p><p> CEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.</p><p><blockquote>自2012年以来一直担任该职位的首席执行官吉尼·罗梅蒂(Ginni Rommety)于1月份辞职，股市以非常积极的方式迎接这一消息。领导该公司云计算业务的Arvind Krishna成为新任首席执行官。罗睿兰将继续担任执行董事会主席直至今年年底。</blockquote></p><p></p><p> Holders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.</p><p><blockquote>IBM股票持有人获得4.69%的股息。美国银行证券175美元的目标价远高于144.14美元的共识价。该股周三收于139.82美元。</blockquote></p><p> Shareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.</p><p><blockquote>股东获得5.21%的股息，分析师认为股息将保持在当前水平。美国银行证券的目标价为125美元，而共识目标价为122.48美元，周三雪佛龙股票最后一次交易价格为每股102.93美元。</blockquote></p><p> LyondellBasell</p><p><blockquote>利安德巴塞尔</blockquote></p><p> This top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.</p><p><blockquote>这家拥有良好资产负债表的顶级化工公司是保守投资者的另一个可靠选择。利安德巴塞尔工业公司（纽约证券交易所股票代码：LYB）生产化学品和聚合物、精炼原油、生产汽油混合成分以及开发和许可聚合物生产技术。</blockquote></p><p> Over half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.</p><p><blockquote>超过一半的收入来自该公司的烯烃和聚烯烃美洲部门，该部门的成本与该地区廉价天然气的价格相关。<a href=\"https://laohu8.com/S/UBNK\">团结的</a>国家，而销售价格与石油价格相关。该公司奉行低成本、高投资资本回报率的战略，消除瓶颈，并向股东提供现金回报。</blockquote></p><p> Note that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.</p><p><blockquote>请注意，去瓶颈是识别石油和天然气设施中限制产品流动的特定区域或设备（称为瓶颈）并对其进行优化的过程，以便提高工厂的整体产能。</blockquote></p><p> The company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.</p><p><blockquote>该公司提供4.50%的股息。美银证券将目标价定为117美元。共识目标为118.41美元，利安德巴塞尔股票周三收于每股100.40美元。</blockquote></p><p></p>","source":"lsy1620372341666","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 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge<blockquote>随着利率暴跌，值得买入并获得巨额股息的5只蓝筹股</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 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge<blockquote>随着利率暴跌，值得买入并获得巨额股息的5只蓝筹股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">24/7 wall street</strong><span class=\"h-time small\">2021-07-09 12:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/JE\">Just</a> last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we have been stuck in for years. Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>上个月，我们被警告说，随着通胀和美联储联手结束我们多年来陷入的大规模低利率模式，利率已准备好大幅走高。然后，利率似乎突然大幅走低，10年期国债收益率从5月底的近1.70%降至1.32%。基准30年期国债回到1.94%的水平。这是自去年冬天以来的最低利率水平。</blockquote></p><p> For income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, <a href=\"https://laohu8.com/S/AONE\">one</a> thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.</p><p><blockquote>对于收益投资者来说，这是十多年来问题的又一次挫折。虽然利率肯定会再次上升，<a href=\"https://laohu8.com/S/AONE\">一</a>事情似乎是肯定的：在经济恢复全面强劲之前，美联储不会加息。美联储近期唯一准备采取的举措是开始缩减每月1200亿美元的国债和抵押贷款债务购买规模。</blockquote></p><p> We screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.</p><p><blockquote>我们筛选了美国银行证券研究领域，寻找支付至少4%股息的买入评级蓝筹股。我们发现了五种现在对成长型和收益型投资者非常有吸引力的股票。虽然所有报告都被评为买入，但重要的是要记住，任何分析师报告都不应用作任何买入或卖出决策的唯一依据。</blockquote></p><p> <a href=\"https://laohu8.com/S/MO\">Altria</a></p><p><blockquote><a href=\"https://laohu8.com/S/MO\">奥驰亚</a></blockquote></p><p> This maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.</p><p><blockquote>这家烟草产品制造商现在为价值投资者提供了一个很好的切入点，但最近由于卷烟销售放缓而受到打击。奥驰亚集团公司（纽约证券交易所股票代码：MO）是<a href=\"https://laohu8.com/S/PM\">菲利普·莫里斯</a>美国（香烟），UST（无烟），约翰米德尔顿（雪茄），Ste。米歇尔葡萄酒庄园和菲利普莫里斯资本。PMUSA在美国卷烟市场占据51%的份额，由其顶级卷烟品牌万宝路引领。</blockquote></p><p> Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.</p><p><blockquote>奥驰亚还拥有全球最大啤酒制造商百威英博10%以上的股份。2008年3月，它将国际卷烟业务分拆给股东。2018年12月，该公司收购了Juul Labs 35%的股份，并以18亿美元收购了大麻公司Cronus 45%的股份。</blockquote></p><p> BofA Securities is very favorable toward the company’s plans for the future:</p><p><blockquote>美银证券非常看好该公司的未来计划：</blockquote></p><p>   Management presented at CAGNY (Consumer Analyst Group of <a href=\"https://laohu8.com/S/NWY\">New York</a>) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.  Shareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.</p><p><blockquote>管理层在CAGNY（消费者分析师小组<a href=\"https://laohu8.com/S/NWY\">纽约</a>）讨论了企业对ESG的新关注、IQOS计划及其“超越吸烟”10年计划的更多细节。Smokeables（香烟/雪茄）仍将是其战略的重要组成部分，为其长期增长和股东回报提供资金。在过去的5年里，尽管数量下降，吸烟和其他综合收入仍以5.5%的复合年增长率增长。股东获得7.35%的股息。分析师对该股的目标价为58美元，而共识目标价较低，为53.89美元。奥驰亚股价周三收于每股46.79美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/CVX\">Chevron</a></p><p><blockquote><a href=\"https://laohu8.com/S/CVX\">雪佛龙</a></blockquote></p><p> This energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.</p><p><blockquote>对于较为保守的投资者来说，这家能源巨头是在该行业定位的可靠途径。雪佛龙公司（纽约证券交易所股票代码：CVX）是一家总部位于美国的综合性石油和天然气公司，在勘探和生产、炼油和营销、运输和石化领域开展全球业务。该公司拥有可观的股息，并在天然气和液化天然气领域拥有稳固的地位。</blockquote></p><p> With the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (<a href=\"https://laohu8.com/S/NBL\">Noble</a> integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.</p><p><blockquote>凭借各大巨头中最强大的财务基础，加上有吸引力的相对资产基础，华尔街的许多人认为雪佛龙提供了最直接的正风险/回报。尽管目前的情况不值得大力关注产量增长，但雪佛龙拥有众多中期驱动因素（<a href=\"https://laohu8.com/S/NBL\">高尚的</a>一体化、二叠纪、TCO/WPMP扩张、墨西哥湾勘探、Vaca Muerta等）应该会支持未来几年的生产水平。</blockquote></p><p> <a href=\"https://laohu8.com/S/IBM\">IBM</a></p><p><blockquote><a href=\"https://laohu8.com/S/IBM\">IBM</a></blockquote></p><p> This old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.</p><p><blockquote>这家老派科技巨头仍然为投资者提供了一个非常坚实的切入点。国际商业机器公司（纽约证券交易所代码：IBM）是一家领先的企业解决方案提供商，提供广泛的信息技术（IT）硬件、商业和IT服务以及全套软件解决方案。</blockquote></p><p> The company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.</p><p><blockquote>该公司将其硬件产品与其软件和服务产品相集成，以提供高价值的解决方案。分析师将该公司在公共云领域的潜力作为他们对未来前景持积极态度的原因。</blockquote></p><p> CEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.</p><p><blockquote>自2012年以来一直担任该职位的首席执行官吉尼·罗梅蒂(Ginni Rommety)于1月份辞职，股市以非常积极的方式迎接这一消息。领导该公司云计算业务的Arvind Krishna成为新任首席执行官。罗睿兰将继续担任执行董事会主席直至今年年底。</blockquote></p><p></p><p> Holders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.</p><p><blockquote>IBM股票持有人获得4.69%的股息。美国银行证券175美元的目标价远高于144.14美元的共识价。该股周三收于139.82美元。</blockquote></p><p> Shareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.</p><p><blockquote>股东获得5.21%的股息，分析师认为股息将保持在当前水平。美国银行证券的目标价为125美元，而共识目标价为122.48美元，周三雪佛龙股票最后一次交易价格为每股102.93美元。</blockquote></p><p> LyondellBasell</p><p><blockquote>利安德巴塞尔</blockquote></p><p> This top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.</p><p><blockquote>这家拥有良好资产负债表的顶级化工公司是保守投资者的另一个可靠选择。利安德巴塞尔工业公司（纽约证券交易所股票代码：LYB）生产化学品和聚合物、精炼原油、生产汽油混合成分以及开发和许可聚合物生产技术。</blockquote></p><p> Over half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.</p><p><blockquote>超过一半的收入来自该公司的烯烃和聚烯烃美洲部门，该部门的成本与该地区廉价天然气的价格相关。<a href=\"https://laohu8.com/S/UBNK\">团结的</a>国家，而销售价格与石油价格相关。该公司奉行低成本、高投资资本回报率的战略，消除瓶颈，并向股东提供现金回报。</blockquote></p><p> Note that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.</p><p><blockquote>请注意，去瓶颈是识别石油和天然气设施中限制产品流动的特定区域或设备（称为瓶颈）并对其进行优化的过程，以便提高工厂的整体产能。</blockquote></p><p> The company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.</p><p><blockquote>该公司提供4.50%的股息。美银证券将目标价定为117美元。共识目标为118.41美元，利安德巴塞尔股票周三收于每股100.40美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/\">24/7 wall street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119741032","content_text":"Just last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we have been stuck in for years. Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.\nFor income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, one thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.\nWe screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.\nAltria\nThis maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.\nAltria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.\nBofA Securities is very favorable toward the company’s plans for the future:\n\n Management presented at CAGNY (Consumer Analyst Group of New York) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.\n\nShareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.\nChevron\nThis energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.\nWith the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (Noble integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.\nIBM\nThis old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.\nThe company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.\nCEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.\nHolders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.\nShareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.\nLyondellBasell\nThis top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.\nOver half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the United States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.\nNote that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.\nThe company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140403155,"gmtCreate":1625667674077,"gmtModify":1631884416754,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please","listText":"Comment and like please","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/140403155","repostId":"1105988207","repostType":4,"isVote":1,"tweetType":1,"viewCount":3635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154742918,"gmtCreate":1625548590434,"gmtModify":1631884416769,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please&nbsp;","listText":"Comment and like please&nbsp;","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/154742918","repostId":"2149761358","repostType":4,"isVote":1,"tweetType":1,"viewCount":3040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155126342,"gmtCreate":1625391474386,"gmtModify":1631884416783,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comments and like please :)","listText":"Comments and like please :)","text":"Comments and like please :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155126342","repostId":"1109375790","repostType":4,"repost":{"id":"1109375790","kind":"news","pubTimestamp":1625370494,"share":"https://www.laohu8.com/m/news/1109375790?lang=zh_CN&edition=full","pubTime":"2021-07-04 11:48","market":"us","language":"en","title":"Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%<blockquote>为什么高质量、值得信赖的公司击败了标普500 30%-50%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109375790","media":"MarketWatch","summary":"More predictable businesses tend to be more profitable stock investments.Trust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. Outside an organization, it translates into loyalty.  Quality shareholders  who value long-term trust among all stakeholders — employees, customers and shareholders — maintain this viewpoint in their investment practice.TheTrust Across America initiative has identified the most trustworthy U.S. public co","content":"<p>  <b>More predictable businesses tend to be more profitable stock investments.</b>  Trust is one of the most valuable assets a company can cultivate.&nbsp; Within an organization, trust percolates into culture.&nbsp;Outside an organization, it translates into loyalty.&nbsp; Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders —&nbsp;maintain this&nbsp;viewpoint in their investment practice.</p><p><blockquote><b>更可预测的业务往往是更有利可图的股票投资。</b>信任是公司可以培养的最有价值的资产之一。在一个组织内，信任渗透到文化中。在组织之外，它转化为忠诚。重视所有利益相关者（员工、客户和股东）之间长期信任的优质股东（QS）在其投资实践中坚持这一观点。</blockquote></p><p> TheTrust Across America(TAA) initiative has identified the most&nbsp;trustworthy&nbsp;U.S. public&nbsp;companies using objective&nbsp;and quantitative&nbsp;indicators including accounting&nbsp;conservativeness&nbsp;and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.</p><p><blockquote>全美信任(TAA)倡议已经确定了最值得信赖的美国。上市公司使用客观和定量指标，包括会计稳健性和财务稳定性，以及员工评论和新闻报道等更主观标准的二级筛选。</blockquote></p><p> Companies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the&nbsp;Quality Shareholders Initiative&nbsp;(QSI), which I run, as well as the proprietary database of&nbsp;EQX, which I use to cross-check the QSI data.</p><p><blockquote>被认为值得信赖的公司在我负责的质量股东倡议（QSI）以及我用来交叉检查QSI数据的EQX专有数据库制作的股东质量排名中也往往排名很高。</blockquote></p><p> TAA’s assessment of the S&amp;P 500SPX,+0.75%in 2020 identified 51 companies, of which 49&nbsp;are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.</p><p><blockquote>TAA对2020年标准普尔500SPX指数+0.75%的评估确定了51家公司，其中49家也被纳入QSI排名。比较两者，超过四分之一的TAA顶级公司位于QSI的前十分位；三分之二位于前四分之一，除两人（92%）外，其余均位于前半部分。</blockquote></p><p> Notably, both the TAA top 10 and the QSI Top 25 outperformed the S&amp;P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:</p><p><blockquote>值得注意的是，近五年来，TAA前10名和QSI前25名的表现分别比标普500高出30%和50%。以下是在信任度和质量方面得分较高的公司样本：</blockquote></p><p> Texas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.</p><p><blockquote>德州仪器STXN,+0.72%的大部分收入来自销售计算机芯片，是全球最大的半导体制造商之一。该公司由一群电气工程师于1951年创立，拥有智能创新文化。其业务受到四条保护性“护城河”的保护，包括：得益于员工的制造和技术技能；广泛的处理芯片产品组合，满足广泛的客户需求；其市场渠道的覆盖范围得益于这两者，以及其多样性和寿命。</blockquote></p><p> For investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to&nbsp;allocate such capital in accordance with the QS playbook&nbsp;that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.</p><p><blockquote>对于投资者来说，这是一个制胜秘诀，特别是与德州仪器的资本管理策略相结合时，该策略旨在最大限度地提高公司每股自由现金流的长期增长，并根据QS剧本分配此类资本，优先考虑明智的再投资、严格的收购、低价股票回购和股东股息。该公司一些著名的QS包括：Alliance Bernstein、Bessemer Group、Capital World Investors、State Farm Mutual和T.Rowe Price Group。</blockquote></p><p> Another stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.</p><p><blockquote>这份名单上的另一只股票EcolabECL，+0.77%，是水处理领域的全球领导者。该公司成立于1923年，原名经济实验室，其长期前景体现在高级领导层的长寿上：该公司在近100年的历史中只有7位首席执行官。</blockquote></p><p> Those CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy.&nbsp;Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.</p><p><blockquote>这些首席执行官灌输了一种客户关怀文化，坚持不懈地帮助客户解决问题和实现目标。作为一个学习型组织，这种绩效文化渗透到从生产到销售的业务中，因为员工致力于成为客户不可或缺的长期目标。管理层通过长期激励和高度自主权来奖励员工的信念。艺康的QSs包括：Cantillon Capital、Clearbridge Investments、Franklin Resources和盖茨基金会。</blockquote></p><p> Finally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.&nbsp; Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.</p><p><blockquote>最后，考虑一下全球最大的可回收容器制造商Ball CorporationBLL，-0.68%。该公司由两位企业家兄弟于1800年代末创立，他们预见到梅森罐专利即将到期，并建造了一座玻璃吹制工厂来制造此类罐子。</blockquote></p><p> Ball remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington&nbsp;Management Group and&nbsp;Winslow Capital Management.</p><p><blockquote>鲍尔的特点仍然是家庭、创新和自然资源意识的文化。例如，鲍尔预见到生态和商业需要从回收成本高且对环境造成破坏的PET和玻璃容器转向环保且有利可图的铝。该公司采用经济附加值（EVA）来确保每一美元都花得值，长期员工激励薪酬来奖励长期可持续增长，以及创业自由精神。QSs包括：奇尔顿投资公司；T.罗普莱斯；惠灵顿管理集团和温斯洛资本管理公司。</blockquote></p><p> While some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.</p><p><blockquote>虽然一些投资者只关注底线，而另一些投资者只关注企业美德的信号，但考虑到信任和长期价值之间的内在关系，QSs是全面的。尽管企业文化中的信任概念看起来很模糊，但它是一个值得探索的有利可图的道德价值。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%<blockquote>为什么高质量、值得信赖的公司击败了标普500 30%-50%</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\">\nWhy high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%<blockquote>为什么高质量、值得信赖的公司击败了标普500 30%-50%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-04 11:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>More predictable businesses tend to be more profitable stock investments.</b>  Trust is one of the most valuable assets a company can cultivate.&nbsp; Within an organization, trust percolates into culture.&nbsp;Outside an organization, it translates into loyalty.&nbsp; Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders —&nbsp;maintain this&nbsp;viewpoint in their investment practice.</p><p><blockquote><b>更可预测的业务往往是更有利可图的股票投资。</b>信任是公司可以培养的最有价值的资产之一。在一个组织内，信任渗透到文化中。在组织之外，它转化为忠诚。重视所有利益相关者（员工、客户和股东）之间长期信任的优质股东（QS）在其投资实践中坚持这一观点。</blockquote></p><p> TheTrust Across America(TAA) initiative has identified the most&nbsp;trustworthy&nbsp;U.S. public&nbsp;companies using objective&nbsp;and quantitative&nbsp;indicators including accounting&nbsp;conservativeness&nbsp;and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.</p><p><blockquote>全美信任(TAA)倡议已经确定了最值得信赖的美国。上市公司使用客观和定量指标，包括会计稳健性和财务稳定性，以及员工评论和新闻报道等更主观标准的二级筛选。</blockquote></p><p> Companies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the&nbsp;Quality Shareholders Initiative&nbsp;(QSI), which I run, as well as the proprietary database of&nbsp;EQX, which I use to cross-check the QSI data.</p><p><blockquote>被认为值得信赖的公司在我负责的质量股东倡议（QSI）以及我用来交叉检查QSI数据的EQX专有数据库制作的股东质量排名中也往往排名很高。</blockquote></p><p> TAA’s assessment of the S&amp;P 500SPX,+0.75%in 2020 identified 51 companies, of which 49&nbsp;are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.</p><p><blockquote>TAA对2020年标准普尔500SPX指数+0.75%的评估确定了51家公司，其中49家也被纳入QSI排名。比较两者，超过四分之一的TAA顶级公司位于QSI的前十分位；三分之二位于前四分之一，除两人（92%）外，其余均位于前半部分。</blockquote></p><p> Notably, both the TAA top 10 and the QSI Top 25 outperformed the S&amp;P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:</p><p><blockquote>值得注意的是，近五年来，TAA前10名和QSI前25名的表现分别比标普500高出30%和50%。以下是在信任度和质量方面得分较高的公司样本：</blockquote></p><p> Texas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.</p><p><blockquote>德州仪器STXN,+0.72%的大部分收入来自销售计算机芯片，是全球最大的半导体制造商之一。该公司由一群电气工程师于1951年创立，拥有智能创新文化。其业务受到四条保护性“护城河”的保护，包括：得益于员工的制造和技术技能；广泛的处理芯片产品组合，满足广泛的客户需求；其市场渠道的覆盖范围得益于这两者，以及其多样性和寿命。</blockquote></p><p> For investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to&nbsp;allocate such capital in accordance with the QS playbook&nbsp;that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.</p><p><blockquote>对于投资者来说，这是一个制胜秘诀，特别是与德州仪器的资本管理策略相结合时，该策略旨在最大限度地提高公司每股自由现金流的长期增长，并根据QS剧本分配此类资本，优先考虑明智的再投资、严格的收购、低价股票回购和股东股息。该公司一些著名的QS包括：Alliance Bernstein、Bessemer Group、Capital World Investors、State Farm Mutual和T.Rowe Price Group。</blockquote></p><p> Another stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.</p><p><blockquote>这份名单上的另一只股票EcolabECL，+0.77%，是水处理领域的全球领导者。该公司成立于1923年，原名经济实验室，其长期前景体现在高级领导层的长寿上：该公司在近100年的历史中只有7位首席执行官。</blockquote></p><p> Those CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy.&nbsp;Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.</p><p><blockquote>这些首席执行官灌输了一种客户关怀文化，坚持不懈地帮助客户解决问题和实现目标。作为一个学习型组织，这种绩效文化渗透到从生产到销售的业务中，因为员工致力于成为客户不可或缺的长期目标。管理层通过长期激励和高度自主权来奖励员工的信念。艺康的QSs包括：Cantillon Capital、Clearbridge Investments、Franklin Resources和盖茨基金会。</blockquote></p><p> Finally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.&nbsp; Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.</p><p><blockquote>最后，考虑一下全球最大的可回收容器制造商Ball CorporationBLL，-0.68%。该公司由两位企业家兄弟于1800年代末创立，他们预见到梅森罐专利即将到期，并建造了一座玻璃吹制工厂来制造此类罐子。</blockquote></p><p> Ball remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington&nbsp;Management Group and&nbsp;Winslow Capital Management.</p><p><blockquote>鲍尔的特点仍然是家庭、创新和自然资源意识的文化。例如，鲍尔预见到生态和商业需要从回收成本高且对环境造成破坏的PET和玻璃容器转向环保且有利可图的铝。该公司采用经济附加值（EVA）来确保每一美元都花得值，长期员工激励薪酬来奖励长期可持续增长，以及创业自由精神。QSs包括：奇尔顿投资公司；T.罗普莱斯；惠灵顿管理集团和温斯洛资本管理公司。</blockquote></p><p> While some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.</p><p><blockquote>虽然一些投资者只关注底线，而另一些投资者只关注企业美德的信号，但考虑到信任和长期价值之间的内在关系，QSs是全面的。尽管企业文化中的信任概念看起来很模糊，但它是一个值得探索的有利可图的道德价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109375790","content_text":"More predictable businesses tend to be more profitable stock investments.\n\nTrust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. Outside an organization, it translates into loyalty.  Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders — maintain this viewpoint in their investment practice.\nTheTrust Across America(TAA) initiative has identified the most trustworthy U.S. public companies using objective and quantitative indicators including accounting conservativeness and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.\nCompanies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the Quality Shareholders Initiative (QSI), which I run, as well as the proprietary database of EQX, which I use to cross-check the QSI data.\nTAA’s assessment of the S&P 500SPX,+0.75%in 2020 identified 51 companies, of which 49 are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.\nNotably, both the TAA top 10 and the QSI Top 25 outperformed the S&P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:\nTexas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.\nFor investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to allocate such capital in accordance with the QS playbook that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.\nAnother stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.\nThose CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy. Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.\nFinally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.  Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.\nBall remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington Management Group and Winslow Capital Management.\nWhile some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153879376,"gmtCreate":1625019261995,"gmtModify":1631884416806,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please","listText":"Comment and like please","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153879376","repostId":"1124855646","repostType":4,"isVote":1,"tweetType":1,"viewCount":2381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153870866,"gmtCreate":1625019233555,"gmtModify":1631884416816,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153870866","repostId":"1122418477","repostType":4,"isVote":1,"tweetType":1,"viewCount":2357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159816901,"gmtCreate":1624955155703,"gmtModify":1631890054110,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Wow. What is the reason for the rise?","listText":"Wow. What is the reason for the rise?","text":"Wow. What is the reason for the rise?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159816901","repostId":"1159190160","repostType":4,"repost":{"id":"1159190160","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":1624953947,"share":"https://www.laohu8.com/m/news/1159190160?lang=zh_CN&edition=full","pubTime":"2021-06-29 16:05","market":"us","language":"en","title":"Marin Software surged another 41% in premarket trading<blockquote>Marin Software在盘前交易中又飙升41%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159190160","media":"Tiger Newspress","summary":"Marin Software surged another 41% in premarket trading.\n\nLast week, Marin shares shot up after it sa","content":"<p>Marin Software surged another 41% in premarket trading.</p><p><blockquote>Marin Software在盘前交易中又飙升了41%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7b80f30aba6d274244ed4f664e997a50\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Last week, Marin shares shot up after it said it had added the ability to manage Instacart advertisements to its flagship MarinOne platform.</p><p><blockquote>上周，Marin表示已在其旗舰MarinOne平台上添加了管理Instacart广告的功能，该公司股价飙升。</blockquote></p><p> For the first quarter, Marin revenues totaled $6.3 million, a year-over-year increase of 27%, while earnings per share stood at minus 0.22.</p><p><blockquote>第一季度，Marin营收总计630万美元，同比增长27%，而每股收益为-0.22。</blockquote></p><p> On a year-to-date basis, MRIN shares have shot up 271.3%. Early Tuesday, Marin topped the list of 10 trending streams as arranged by Stocktwits.</p><p><blockquote>今年迄今，MRIN股价已飙升271.3%。周二早些时候，马林在Stocktwits排列的10个趋势流中名列前茅。</blockquote></p><p> On Monday, Marin shares skyrocketed 96.85% to $7.5 in the regular session and rose another 25.33% in the after-hours session to $9.40.</p><p><blockquote>周一，Marin股价在常规交易中飙升96.85%至7.5美元，在盘后交易中又上涨25.33%至9.40美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marin Software surged another 41% in premarket trading<blockquote>Marin Software在盘前交易中又飙升41%</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\">\nMarin Software surged another 41% in premarket trading<blockquote>Marin Software在盘前交易中又飙升41%</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\">2021-06-29 16:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Marin Software surged another 41% in premarket trading.</p><p><blockquote>Marin Software在盘前交易中又飙升了41%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7b80f30aba6d274244ed4f664e997a50\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Last week, Marin shares shot up after it said it had added the ability to manage Instacart advertisements to its flagship MarinOne platform.</p><p><blockquote>上周，Marin表示已在其旗舰MarinOne平台上添加了管理Instacart广告的功能，该公司股价飙升。</blockquote></p><p> For the first quarter, Marin revenues totaled $6.3 million, a year-over-year increase of 27%, while earnings per share stood at minus 0.22.</p><p><blockquote>第一季度，Marin营收总计630万美元，同比增长27%，而每股收益为-0.22。</blockquote></p><p> On a year-to-date basis, MRIN shares have shot up 271.3%. Early Tuesday, Marin topped the list of 10 trending streams as arranged by Stocktwits.</p><p><blockquote>今年迄今，MRIN股价已飙升271.3%。周二早些时候，马林在Stocktwits排列的10个趋势流中名列前茅。</blockquote></p><p> On Monday, Marin shares skyrocketed 96.85% to $7.5 in the regular session and rose another 25.33% in the after-hours session to $9.40.</p><p><blockquote>周一，Marin股价在常规交易中飙升96.85%至7.5美元，在盘后交易中又上涨25.33%至9.40美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159190160","content_text":"Marin Software surged another 41% in premarket trading.\n\nLast week, Marin shares shot up after it said it had added the ability to manage Instacart advertisements to its flagship MarinOne platform.\nFor the first quarter, Marin revenues totaled $6.3 million, a year-over-year increase of 27%, while earnings per share stood at minus 0.22.\nOn a year-to-date basis, MRIN shares have shot up 271.3%. Early Tuesday, Marin topped the list of 10 trending streams as arranged by Stocktwits.\nOn Monday, Marin shares skyrocketed 96.85% to $7.5 in the regular session and rose another 25.33% in the after-hours session to $9.40.","news_type":1,"symbols_score_info":{"MRIN":0.9}},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159818497,"gmtCreate":1624955130619,"gmtModify":1631890054125,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Do they still have a future or will it be like Nokia?","listText":"Do they still have a future or will it be like Nokia?","text":"Do they still have a future or will it be like Nokia?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/159818497","repostId":"1175848515","repostType":4,"isVote":1,"tweetType":1,"viewCount":920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159818005,"gmtCreate":1624955096807,"gmtModify":1631885482811,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Time to invest&nbsp;","listText":"Time to invest&nbsp;","text":"Time to invest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159818005","repostId":"1103992527","repostType":4,"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150197350,"gmtCreate":1624889117370,"gmtModify":1631890054142,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please. Tks [Smile]&nbsp;","listText":"Comment and like please. Tks [Smile]&nbsp;","text":"Comment and like please. Tks [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150197350","repostId":"1103992527","repostType":4,"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126534524,"gmtCreate":1624578365968,"gmtModify":1631890054152,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126534524","repostId":"2145704596","repostType":4,"isVote":1,"tweetType":1,"viewCount":1165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126536432,"gmtCreate":1624578325426,"gmtModify":1631890054165,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126536432","repostId":"2146255080","repostType":4,"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126350823,"gmtCreate":1624545317062,"gmtModify":1631890054179,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comments","listText":"Comments","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126350823","repostId":"1155360226","repostType":4,"isVote":1,"tweetType":1,"viewCount":861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126058025,"gmtCreate":1624539106467,"gmtModify":1631890054201,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please&nbsp;","listText":"Comment and like please&nbsp;","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126058025","repostId":"1187819280","repostType":4,"repost":{"id":"1187819280","kind":"news","pubTimestamp":1624529642,"share":"https://www.laohu8.com/m/news/1187819280?lang=zh_CN&edition=full","pubTime":"2021-06-24 18:14","market":"us","language":"en","title":"The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187819280","media":"MarketWatch","summary":"5 reasons the pandemic megatrend is over.\n\nOne of the biggest investment stories of the COVID-19 pan","content":"<p>  <b>5 reasons the pandemic megatrend is over.</b>  One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.</p><p><blockquote><b>大流行大趋势结束的5个原因。</b>COVID-19大流行最大的投资故事之一是以“郊区避难所”为主题的非必需消费品股票的繁荣。从电商平台到家装店，再到家具和家居用品商家，许多表现最好的企业都符合这种口味。</blockquote></p><p> Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.</p><p><blockquote>以基础广泛的Vanguard非必需消费品指数基金ETF VCR为例，+0.66%，从2020年3月到2021年3月飙升了90%以上。这要归功于家装股Lowe's LOW(-0.30%)和Home Depot HD(-0.33%)以及TJX TJX(-0.08%)等零售商。</blockquote></p><p> Lately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&amp;P 500 SPX, -0.11% has tacked on about 6% in the same period.</p><p><blockquote>然而，最近，其中许多名称的性能开始滞后。事实上，自4月1日以来，我们看到这三只股票都小幅下跌，尽管标普500 SPX指数-0.11%同期上涨了约6%。</blockquote></p><p> And some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.</p><p><blockquote>有些人担心这可能只是开始。正如一位华尔街内部人士最近在接受彭博社采访时所说，包括五金店和家居用品商家在内的居家股票即将“大幅放松”。</blockquote></p><p> While some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.</p><p><blockquote>虽然一些知名的“郊区”交易仍然相对稳定，但麻烦的迹象已经在边缘出现。Century Communities CCS(-0.34%)和Dream Finders Homes DFH(-2.55%)这两家中型单户住宅建筑商的股价在上个月暴跌了两位数。家具方面，家电巨头惠而浦公司WHR(-0.51%)和百货公司Nordstrom JWN(+2.03%)均较春季高点大幅下跌。</blockquote></p><p> <b>Here are five big reasons why:</b></p><p><blockquote><b>以下是五大原因：</b></blockquote></p><p> <b>1.</b>&nbsp;<b>The upgrade cycle is over</b></p><p><blockquote><b>1.</b> <b>升级周期结束</b></blockquote></p><p> Last summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.</p><p><blockquote>去年夏天，被困在家里的白领们记下了逾期的项目，并利用了能够轻松与承包商见面的机会。但在许多方面，这种增长是不可持续的。</blockquote></p><p> Consider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.</p><p><blockquote>根据NPD集团的数据，考虑一下房主的购买类型。水龙头、厨柜甚至马桶都是2020年销售的最受欢迎的产品。不用说，即使是最挥霍的房主也不会遵循每年改造厨房和浴室的升级周期。</blockquote></p><p> The same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.</p><p><blockquote>家具和其他家居用品也是如此。互联网巨头Comscore在2020年5月记录了历史上相关网站的最高访问量，1.33亿网络冲浪者购买了某种家居用品。再说一次，新沙发或台灯不是每年都会购买的——所以这种趋势似乎无法持续很长时间。</blockquote></p><p> <b>2.&nbsp;Valuations are stretched</b></p><p><blockquote><b>2.估值捉襟见肘</b></blockquote></p><p> Speaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.</p><p><blockquote>谈到家居用品供应商的大流行后高峰，我们已经看到财务状况通过利润和销售额的增加证实了这些大幅增长。然而，我们也看到许多相关商家的股价飙升得更多——超出了历史标准的估值。</blockquote></p><p> Take TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.</p><p><blockquote>以TJX为例。目前，这家折扣零售商的远期市盈率超过26，而2020年春季的远期市盈率仅为21。其往绩市销率目前为2.1，而此前为1.4。</blockquote></p><p> What’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&amp;P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.</p><p><blockquote>更重要的是，TJX等之前宠儿的估值也与同行不符。考虑到目前整个标普500指数的远期市盈率为22，而其他类似的公司，如梅西百货M，+0.70%和Big Lot Big，-3.71%，实际上其远期市盈率远低于10。当然，你可以说TJX是独一无二的……但你可能也想知道目前流行的居家交易之外的许多其他股票的“公允价值”是什么样的。</blockquote></p><p> <b>3.&nbsp;Delays and shortages</b></p><p><blockquote><b>3.延误和短缺</b></blockquote></p><p> Future growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.</p><p><blockquote>当然，这些股票在大流行推动下达到峰值的未来增长并非不可能。但考虑到供应链中断，这似乎不太可能。造成这些延误的原因有很多，包括海外运输延误以及影响许多行业的产能和产量紧缩，但“呆在家里”的股票似乎受到的打击尤其严重。</blockquote></p><p> Home improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.</p><p><blockquote>根据全国住宅建筑商协会的数据，家装产品根本无处可寻，大约94%的建筑商报告“至少有一些严重的电器短缺”。另有93%的人缺乏框架木材，87%的人表示很难获得门窗。</blockquote></p><p> Even if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.</p><p><blockquote>即使你可以克服需求问题，如果没有原材料来发挥作用，也很难看到这一类别的未来增长。</blockquote></p><p> <b>4.&nbsp;Inflationary pressures</b></p><p><blockquote><b>4.通货膨胀压力</b></blockquote></p><p> For the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.</p><p><blockquote>对于那些还没有为承包商支付现金或忍受昂贵的新家具长时间延误的人来说，现在对新购物者来说有一个相当大的抑制因素：通货膨胀。</blockquote></p><p></p><p> The cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.</p><p><blockquote>5月份消费者价格指数衡量的生活成本上涨0.6%，年增长率为5%。这不仅高于预期，而且是自2008年夏季以来最快的速度。通胀风险如此明显，以至于美联储公开表示可能会提前预期加息的时间表，以掩盖风险。</blockquote></p><p> Inflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.</p><p><blockquote>当然，通货膨胀并不总是丧钟。但从历史上看，它削弱了购买力，并可能减少我们在去年左右看到的“呆在家里”股票的一些支出。</blockquote></p><p> <b>5.&nbsp;Home-equity hubris</b></p><p><blockquote><b>5.房屋净值傲慢</b></blockquote></p><p> Speaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.</p><p><blockquote>说到炙手可热的通货膨胀：5月份，美国房屋中值价格首次突破35万美元，比2020年上涨23.6%。此外，Realtor.com的一项调查显示，大约三分之一的待售房主希望得到高于要价的价格，大约相同数量的房主希望在上市一周内收到报价。</blockquote></p><p> Some of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.</p><p><blockquote>其中一些是合理的。近年来，有许多文章都是关于有吸引力的市场供应短缺的，重要的是要承认疫情的远程工作确实对人们为什么住在他们居住的地方产生了一些破坏性的反思。</blockquote></p><p> But here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.</p><p><blockquote>但事情变得危险的地方是：房主已经提前在房价上花费了预期的溢价。根据房地美的数据，去年美国房屋的股权贷款约为1527亿美元，比2019年大幅增长41.7%，是自2007年以来最高的再融资套现金额。</blockquote></p><p> Anyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.</p><p><blockquote>有人记得2007年房地产市场发生了什么吗？还是当年类似的卖家权利感？目前还没有明显的泡沫破裂迹象，但美国房主可能对自己房屋的价值过于乐观，而且这种免费的房屋净值贷款可能不会持续太久。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer<blockquote>“郊区避难所”交易即将逆转——这些股票将受到影响</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-24 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>5 reasons the pandemic megatrend is over.</b>  One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.</p><p><blockquote><b>大流行大趋势结束的5个原因。</b>COVID-19大流行最大的投资故事之一是以“郊区避难所”为主题的非必需消费品股票的繁荣。从电商平台到家装店，再到家具和家居用品商家，许多表现最好的企业都符合这种口味。</blockquote></p><p> Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.</p><p><blockquote>以基础广泛的Vanguard非必需消费品指数基金ETF VCR为例，+0.66%，从2020年3月到2021年3月飙升了90%以上。这要归功于家装股Lowe's LOW(-0.30%)和Home Depot HD(-0.33%)以及TJX TJX(-0.08%)等零售商。</blockquote></p><p> Lately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&amp;P 500 SPX, -0.11% has tacked on about 6% in the same period.</p><p><blockquote>然而，最近，其中许多名称的性能开始滞后。事实上，自4月1日以来，我们看到这三只股票都小幅下跌，尽管标普500 SPX指数-0.11%同期上涨了约6%。</blockquote></p><p> And some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.</p><p><blockquote>有些人担心这可能只是开始。正如一位华尔街内部人士最近在接受彭博社采访时所说，包括五金店和家居用品商家在内的居家股票即将“大幅放松”。</blockquote></p><p> While some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.</p><p><blockquote>虽然一些知名的“郊区”交易仍然相对稳定，但麻烦的迹象已经在边缘出现。Century Communities CCS(-0.34%)和Dream Finders Homes DFH(-2.55%)这两家中型单户住宅建筑商的股价在上个月暴跌了两位数。家具方面，家电巨头惠而浦公司WHR(-0.51%)和百货公司Nordstrom JWN(+2.03%)均较春季高点大幅下跌。</blockquote></p><p> <b>Here are five big reasons why:</b></p><p><blockquote><b>以下是五大原因：</b></blockquote></p><p> <b>1.</b>&nbsp;<b>The upgrade cycle is over</b></p><p><blockquote><b>1.</b> <b>升级周期结束</b></blockquote></p><p> Last summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.</p><p><blockquote>去年夏天，被困在家里的白领们记下了逾期的项目，并利用了能够轻松与承包商见面的机会。但在许多方面，这种增长是不可持续的。</blockquote></p><p> Consider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.</p><p><blockquote>根据NPD集团的数据，考虑一下房主的购买类型。水龙头、厨柜甚至马桶都是2020年销售的最受欢迎的产品。不用说，即使是最挥霍的房主也不会遵循每年改造厨房和浴室的升级周期。</blockquote></p><p> The same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.</p><p><blockquote>家具和其他家居用品也是如此。互联网巨头Comscore在2020年5月记录了历史上相关网站的最高访问量，1.33亿网络冲浪者购买了某种家居用品。再说一次，新沙发或台灯不是每年都会购买的——所以这种趋势似乎无法持续很长时间。</blockquote></p><p> <b>2.&nbsp;Valuations are stretched</b></p><p><blockquote><b>2.估值捉襟见肘</b></blockquote></p><p> Speaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.</p><p><blockquote>谈到家居用品供应商的大流行后高峰，我们已经看到财务状况通过利润和销售额的增加证实了这些大幅增长。然而，我们也看到许多相关商家的股价飙升得更多——超出了历史标准的估值。</blockquote></p><p> Take TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.</p><p><blockquote>以TJX为例。目前，这家折扣零售商的远期市盈率超过26，而2020年春季的远期市盈率仅为21。其往绩市销率目前为2.1，而此前为1.4。</blockquote></p><p> What’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&amp;P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.</p><p><blockquote>更重要的是，TJX等之前宠儿的估值也与同行不符。考虑到目前整个标普500指数的远期市盈率为22，而其他类似的公司，如梅西百货M，+0.70%和Big Lot Big，-3.71%，实际上其远期市盈率远低于10。当然，你可以说TJX是独一无二的……但你可能也想知道目前流行的居家交易之外的许多其他股票的“公允价值”是什么样的。</blockquote></p><p> <b>3.&nbsp;Delays and shortages</b></p><p><blockquote><b>3.延误和短缺</b></blockquote></p><p> Future growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.</p><p><blockquote>当然，这些股票在大流行推动下达到峰值的未来增长并非不可能。但考虑到供应链中断，这似乎不太可能。造成这些延误的原因有很多，包括海外运输延误以及影响许多行业的产能和产量紧缩，但“呆在家里”的股票似乎受到的打击尤其严重。</blockquote></p><p> Home improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.</p><p><blockquote>根据全国住宅建筑商协会的数据，家装产品根本无处可寻，大约94%的建筑商报告“至少有一些严重的电器短缺”。另有93%的人缺乏框架木材，87%的人表示很难获得门窗。</blockquote></p><p> Even if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.</p><p><blockquote>即使你可以克服需求问题，如果没有原材料来发挥作用，也很难看到这一类别的未来增长。</blockquote></p><p> <b>4.&nbsp;Inflationary pressures</b></p><p><blockquote><b>4.通货膨胀压力</b></blockquote></p><p> For the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.</p><p><blockquote>对于那些还没有为承包商支付现金或忍受昂贵的新家具长时间延误的人来说，现在对新购物者来说有一个相当大的抑制因素：通货膨胀。</blockquote></p><p></p><p> The cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.</p><p><blockquote>5月份消费者价格指数衡量的生活成本上涨0.6%，年增长率为5%。这不仅高于预期，而且是自2008年夏季以来最快的速度。通胀风险如此明显，以至于美联储公开表示可能会提前预期加息的时间表，以掩盖风险。</blockquote></p><p> Inflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.</p><p><blockquote>当然，通货膨胀并不总是丧钟。但从历史上看，它削弱了购买力，并可能减少我们在去年左右看到的“呆在家里”股票的一些支出。</blockquote></p><p> <b>5.&nbsp;Home-equity hubris</b></p><p><blockquote><b>5.房屋净值傲慢</b></blockquote></p><p> Speaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.</p><p><blockquote>说到炙手可热的通货膨胀：5月份，美国房屋中值价格首次突破35万美元，比2020年上涨23.6%。此外，Realtor.com的一项调查显示，大约三分之一的待售房主希望得到高于要价的价格，大约相同数量的房主希望在上市一周内收到报价。</blockquote></p><p> Some of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.</p><p><blockquote>其中一些是合理的。近年来，有许多文章都是关于有吸引力的市场供应短缺的，重要的是要承认疫情的远程工作确实对人们为什么住在他们居住的地方产生了一些破坏性的反思。</blockquote></p><p> But here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.</p><p><blockquote>但事情变得危险的地方是：房主已经提前在房价上花费了预期的溢价。根据房地美的数据，去年美国房屋的股权贷款约为1527亿美元，比2019年大幅增长41.7%，是自2007年以来最高的再融资套现金额。</blockquote></p><p> Anyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.</p><p><blockquote>有人记得2007年房地产市场发生了什么吗？还是当年类似的卖家权利感？目前还没有明显的泡沫破裂迹象，但美国房主可能对自己房屋的价值过于乐观，而且这种免费的房屋净值贷款可能不会持续太久。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-shelter-in-suburbia-trade-is-about-to-reverse-and-these-stocks-will-suffer-11624457411?siteid=yhoof2\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/the-shelter-in-suburbia-trade-is-about-to-reverse-and-these-stocks-will-suffer-11624457411?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187819280","content_text":"5 reasons the pandemic megatrend is over.\n\nOne of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor.\nTake the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, +0.66% that surged more than 90% from March 2020 to March 2021. That was thanks to components like home improvement stocks Lowe’s LOW, -0.30% and Home Depot HD, -0.33% alongside retailers like TJX TJX, -0.08%.\nLately, however, performance has started to lag for many of these names. In fact, since April 1 we’ve seen these three stocks all drift slightly into the red even as the S&P 500 SPX, -0.11% has tacked on about 6% in the same period.\nAnd some fear that may only be the beginning. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.\nWhile some big-name “suburbia” trades are still relatively stable, signs of trouble are already emerging at the fringes. Century Communities CCS, -0.34% and Dream Finders Homes DFH, -2.55%, two mid-tier single family homebuilders, have seen shares crash by double digits over the last month. On the furnishings side, appliance giant Whirlpool Corporation WHR, -0.51% and department store Nordstrom JWN, +2.03% are down sharply from their spring highs.\nHere are five big reasons why:\n1. The upgrade cycle is over\nLast summer, white-collar workers who were stuck at home made note of overdue projects and took advantage of being able to easily meet with contractors. But in many ways, this growth is not sustainable.\nConsider the kind of purchases homeowners were making according to data from the NPD Group. Faucets, kitchen cabinets and even toilets were among the most popular products sold in 2020. Needless to say, even the most profligate homeowners aren’t going to follow this upgrade cycle of remodeling kitchens and bathrooms on an annual basis.\nThe same is true for furniture and other home goods. Internet giant Comscore recorded the highest visitation to related websites in history in May 2020 with 133 million web surfers shopping for some kind of home goods. Once again, a new couch or lamp is not an annual purchase — so this trend seems unsustainable for much longer.\n2. Valuations are stretched\nSpeaking of post-pandemic peaks for home-goods purveyors, we’ve seen the financials bear out these big increases via boosted profits and sales. However, we’ve also seen the stock of many related merchants surge even more — stretching their valuations from historical norms.\nTake TJX. Currently this discount retailer has a forward price-to-earnings ratio of more than 26, compared with a forward P/E of just 21 in spring 2020. Its trailing price-to-sales ratio is now 2.1 compared with 1.4.\nWhat’s more, valuations for previous darlings like TJX are out of line with peers, too. Consider the forward P/E of the overall S&P 500 index is 22 right now, and other similar names like Macy’s M, +0.70% and Big Lots BIG, -3.71% actually have forward P/E ratios well under 10. You can argue TJX is unique, of course… but you also may want to be aware of what “fair value” looks like for many other stocks outside fashionable stay-at-home trades right now.\n3. Delays and shortages\nFuture growth from pandemic-fueled peaks in these stocks is not impossible, of course. But given supply chain disruptions it seems highly unlikely. There are a host of reasons for these delays, including overseas shipping delays as well as capacity and output crunches that are affecting many industries, but “stay at home” stocks seem particularly hard hit.\nHome improvement products are simply nowhere to be found, with roughly 94% of builders reporting “at least some serious shortages of appliances” according to the National Association of Home Builders. Another 93% are running short on framing lumber and 87% say it is hard to obtain windows and doors.\nEven if you can get past demand concerns, without the raw materials to get to work it’s very hard to see future growth in this category.\n4. Inflationary pressures\nFor the people who haven’t already ponied up the cash for a contractor or made their peace with extended delays for their expensive new furniture, there is a pretty big disincentive right now for new shoppers: inflation.\nThe cost of living as measured by the Consumer Price Index jumped 0.6% in May to run at a 5% annual rate. That was not only higher than expectations, but the fastest pace since the summer of 2008. The inflation risks were so pronounced that the Federal Reserve publicly stated it could move up the schedule for expected interest rate increases to keep the risks under wraps.\nInflation isn’t always a death knell, of course. But it has historically eroded purchasing power and could curtail some of the spending in “stay at home” stocks that we’ve seen in the last year or so.\n5. Home-equity hubris\nSpeaking of red-hot inflation: In May, the median price for U.S. homes topped $350,000 for the first time ever — up 23.6% from 2020. What’s more, a Realtor.com survey showed roughly a third of selling homeowners expect to get more than their asking price, and roughly the same amount expect an offer within a week of listing.\nSome of this is justifiable. Many articles have been written in recent years about the dearth of supply in attractive markets, and it’s important to acknowledge the remote work of the pandemic has indeed created some disruptive introspection into why people live where they do.\nBut here’s where things get dicey: homeowners who have already spent the expected premium on their home’s price well in advance. According to Freddie Mac, about $152.7 billion in equity loans were taken out on U.S. houses last year, a massive increase of 41.7% from 2019 and the highest refinancing cash-out dollar amount since 2007.\nAnyone remember what happened to the real-estate market in 2007? Or the similar sense of seller entitlement from those days? There’s no clear signs of a bubble bursting just yet, but there’s real risk American homeowners may be overly optimistic about what their homes are worth — and a chance this home equity loan free-for-all simply isn’t sustainable for much longer.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126051449,"gmtCreate":1624539089081,"gmtModify":1631890054204,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please.&nbsp;","listText":"Comment and like please.&nbsp;","text":"Comment and like please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/126051449","repostId":"1195543409","repostType":4,"isVote":1,"tweetType":1,"viewCount":836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129644650,"gmtCreate":1624372248670,"gmtModify":1631890054218,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129644650","repostId":"2145809052","repostType":4,"isVote":1,"tweetType":1,"viewCount":970,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":154742918,"gmtCreate":1625548590434,"gmtModify":1631884416769,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please&nbsp;","listText":"Comment and like please&nbsp;","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/154742918","repostId":"2149761358","repostType":4,"isVote":1,"tweetType":1,"viewCount":3040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191109630,"gmtCreate":1620861524220,"gmtModify":1634195856823,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/191109630","repostId":"2135975610","repostType":4,"isVote":1,"tweetType":1,"viewCount":727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183148464,"gmtCreate":1623317316558,"gmtModify":1634034648014,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/183148464","repostId":"1123263310","repostType":4,"isVote":1,"tweetType":1,"viewCount":784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117578427,"gmtCreate":1623154545269,"gmtModify":1634036401007,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like&nbsp;","listText":"Comment and like&nbsp;","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/117578427","repostId":"1154765176","repostType":4,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192417848,"gmtCreate":1621222120284,"gmtModify":1634193262338,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/192417848","repostId":"2135984810","repostType":4,"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102840167,"gmtCreate":1620198696159,"gmtModify":1634207037232,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Nice. Please comment&nbsp;","listText":"Nice. Please comment&nbsp;","text":"Nice. Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/102840167","repostId":"2132510807","repostType":4,"isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345877742,"gmtCreate":1618305413186,"gmtModify":1634293841837,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"So investor should wait and see during launch?","listText":"So investor should wait and see during launch?","text":"So investor should wait and see during launch?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/345877742","repostId":"1194635432","repostType":4,"isVote":1,"tweetType":1,"viewCount":543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348243846,"gmtCreate":1617934846585,"gmtModify":1634295653792,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/348243846","repostId":"1131825246","repostType":4,"repost":{"id":"1131825246","kind":"news","pubTimestamp":1617934488,"share":"https://www.laohu8.com/m/news/1131825246?lang=zh_CN&edition=full","pubTime":"2021-04-09 10:14","market":"us","language":"en","title":"Opinion: Stocks’ short-term signals are bullish but Peter Lynch’s long-term investing advice still applies<blockquote>观点：股市短期信号看涨，但彼得林奇的长期投资建议仍然适用</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131825246","media":"MarketWatch","summary":"Legendary fund manager said to buy what you know and that matters in this trigger-happy market.As a ","content":"<p><b>Legendary fund manager said to buy what you know and that matters in this trigger-happy market.</b>As a freelance writer and author, I’ve been fortunate to have interviewed many stock-market gurus over the years. One of the most memorable was with the legendary Peter Lynch, the former Fidelity Investments mutual fund manager. Years ago for an article, I spoke to him about one of his favorite subjects: Helping young people learn to invest.</p><p><blockquote><b>传奇基金经理表示，要购买你所知道的、在这个充满扳机的市场中很重要的东西。</b>作为一名自由撰稿人和作家，多年来我有幸采访了许多股市大师。其中最令人难忘的是与传奇人物彼得·林奇的合作，他是前富达投资共同基金经理。几年前，在一篇文章中，我和他谈到了他最喜欢的话题之一：帮助年轻人学会投资。</blockquote></p><p><b>Do your research</b></p><p><blockquote><b>做你的研究</b></blockquote></p><p>Lynch popularized the idea to invest in what you know — meaning to own shares of the companies that you are familiar with. He wrote three bestselling books on his ideas, including actually going in person to observe what people were buying first-hand.</p><p><blockquote>林奇推广了投资你所知道的东西的想法——意思是拥有你熟悉的公司的股票。他写了三本关于他的想法的畅销书，包括亲自去观察人们在买什么。</blockquote></p><p>Lynch was famous for visiting the companies that he wanted to buy stock in. For example, before buying shares in an automobile stock, Lynch would go to the dealer showroom, converse with the salespeople, and check out the inventory.</p><p><blockquote>林奇以访问他想购买股票的公司而闻名。例如，在购买汽车股票之前，林奇会去经销商展厅，与销售人员交谈，并检查库存。</blockquote></p><p>His advice, while sounding simplistic, is actually brilliant. After all, most people spend more time and effort researching buying a new refrigerator than a stock. I made that mistake when I first starting investing, sinking $50,000 into shares of a Texas cell phone company that I had never even heard about. Why? Because an acquaintance who knew more than I did about the stock market said I should. “You can double your money,” he promised. Famous last words.</p><p><blockquote>他的建议虽然听起来很简单，但实际上很聪明。毕竟，大多数人花在研究购买新冰箱上的时间和精力比购买库存还要多。当我第一次开始投资时，我犯了这个错误，我投入了50,000美元购买了一家我从未听说过的德克萨斯州手机公司的股票。为什么？因为一个比我更了解股市的熟人说我应该这样做。“你的钱可以翻倍，”他承诺道。著名的遗言。</blockquote></p><p>Instead of doubling my money, I lost half of it within months when the company nearly went bankrupt after some questionable accounting maneuvers. It was also the first and last time I ever bought stocks on margin.</p><p><blockquote>我的钱非但没有翻倍，反而在几个月内损失了一半，当时公司在一些可疑的会计操作后几乎破产。这也是我第一次也是最后一次用保证金购买股票。</blockquote></p><p>Using margin, the broker allowed me to use my original $25,000 to buy another $25,000 worth of stock (2-1 margin). When the stock plunged, I not only lost money on my original investment, I also owed the brokerage for the money I borrowed. Mismanaging margin is one of the ways that many investors get into trouble when their stocks go against them.</p><p><blockquote>利用保证金，经纪人允许我用原来的25,000美元购买另外价值25,000美元的股票（2-1保证金）。当股票暴跌时，我不仅损失了我原来的投资，我还欠了经纪公司我借的钱。当股票对他们不利时，保证金管理不善是许多投资者陷入困境的方式之一。</blockquote></p><p><b>Study balance sheets and stock charts</b></p><p><blockquote><b>研究资产负债表和股票图表</b></blockquote></p><p>Had I followed Lynch’s advice and done some basic research, I would have discovered that the so-called cell phone company was a scam. It was being promoted by fake press releases and inflated posts on social media.</p><p><blockquote>如果我听从林奇的建议，做一些基础研究，我会发现所谓的手机公司是一个骗局。它是通过虚假新闻稿和社交媒体上夸大的帖子来宣传的。</blockquote></p><p>In hindsight, I could have flown to Texas and visited the company. I would have discovered that it had only two employees. It would have been a lot cheaper to fly there than lose $25,000.&nbsp;I also could have studied the company’s balance sheet, looked at a stock chart, and studied its earnings reports. It sounds like common sense, but think of how many people buy stocks every day without doing the most basic research, what is referred to as exercising “due diligence.” Others call it “doing your homework.”</p><p><blockquote>事后看来，我本可以飞到德克萨斯州参观这家公司。我会发现它只有两名员工。飞往那里比损失25,000美元要便宜得多。我还可以研究该公司的资产负债表、股票图表并研究其收益报告。这听起来像是常识，但想想每天有多少人在没有做最基本的研究的情况下购买股票，即所谓的“尽职调查”。其他人看涨期权它“做你的家庭作业”。</blockquote></p><p><b>How Lynch handled bear markets</b></p><p><blockquote><b>林奇如何应对熊市</b></blockquote></p><p>From my interview with Lynch, I learned that he doesn’t make predictions. “I have no idea what the market will do over the next one or two years,” he told me. “What I do know is that if interest rates go up, inflation will go up and in the near term the stock market will go down. I also know that once every 18 months the market has a decline of 10%. These are called corrections. We could easily have a 10% correction. Perhaps one out of three of these corrections turns into a 20% to 25 % correction. These are called bear markets.”</p><p><blockquote>从我对林奇的采访中，我了解到他不做预测。“我不知道未来一两年市场会做什么，”他告诉我。“我所知道的是，如果利率上升，通货膨胀就会上升，短期内股市就会下跌。我还知道，每18个月市场就会下跌10%。这些被称为修正。我们可以很容易地进行10%的修正。也许这些修正中有三分之一会变成20%到25%的修正。这些被称为熊市。”</blockquote></p><p>Lynch took market corrections in stride, including bear markets. Although he disliked bear markets since he was a long-only manager and hated losing money when one occurred, he didn’t panic. “If you understand what companies you own and who their competitors are,” Lynch said, “you’re in good shape. You don’t panic if the market goes down and the stock goes down. If you don’t understand what you own and don’t understand what a company does and it falls by half, what should you do? If you haven’t done your research, you might as well call a psychic hotline for investment advice.”</p><p><blockquote>林奇从容应对市场调整，包括熊市。尽管他不喜欢熊市，因为他是一个只做多的经理，并且讨厌在熊市发生时亏损，但他并不恐慌。“如果你明白自己拥有什么公司，他们的竞争对手是谁，”林奇说，“你的状态很好。如果市场下跌，股票下跌，你不会惊慌。如果你不了解自己拥有什么，不了解一家公司做什么，跌了一半，你该怎么办？如果你没有做研究，你不妨看涨期权一个通灵热线寻求投资建议。”</blockquote></p><p>I learned from Lynch that although bear markets are inevitable, they cannot be predicted. That is why before one occurs, you must evaluate what stocks or funds you own. If you are confident about your investments, you won’t get shaken out.</p><p><blockquote>我从林奇那里了解到，熊市虽然不可避免，但无法预测。这就是为什么在发生之前，您必须评估您拥有的股票或基金。如果你对你的投资有信心，你就不会被动摇。</blockquote></p><p>For me, it means reducing some of my positions, especially given the U.S. market’s current technical indicators. Although the market has been on a 12-year bull run, it is still vulnerable to a steep correction, or worse, a bear market. That is why it’s more important than ever to do the basic research (i.e. study balance sheets and stock charts).</p><p><blockquote>对我来说，这意味着减少我的一些头寸，尤其是考虑到美国市场目前的技术指标。尽管市场已经经历了12年的牛市，但它仍然容易受到急剧调整，或者更糟的是，熊市。这就是为什么做基础研究比以往任何时候都更重要（即研究资产负债表和股票图表）。</blockquote></p><p>For short-term traders, here are what some solid technical indicators are saying now about the U.S. market as of the April 8 close.</p><p><blockquote>对于短线交易者来说，以下是截至4月8日收盘时一些可靠的技术指标对美国市场的影响。</blockquote></p><p><b>Moving averages:</b>&nbsp;Bullish. The S&amp;P 500SPX,+0.42%is on a tear — well-above its 50-, 100- and 200-day moving averages. According to moving averages, all systems are “go.”</p><p><blockquote><b>移动平均线：</b>看涨。标准普尔500SPX指数+0.42%远高于50日、100日和200日移动平均线。根据移动平均线，所有系统都“正常”。</blockquote></p><p></p><p><b>RSI (relative strength indicator):</b>&nbsp;Overbought. RSI, which measures overbought/oversold conditions, is telling us the market is getting close to the danger zone. When RSI hits 70 or higher, it is a danger sign. By the way, the S&amp;P 500’s weekly RSI is currently at 69.14. Consider this: In less than three weeks (since March 25), the S&amp;P 500 has moved higher by about 250 points.&nbsp;The Dow Jones Industrial AverageDJIA,+0.17%RSI is 70.86, while the NasdaqCOMP,+1.03%is at 63.73.</p><p><blockquote><b>RSI（相对强弱指标）：</b>超买。衡量超买/超卖状况的RSI告诉我们市场正在接近危险区域。当RSI达到70或更高时，这是一个危险信号。顺便说一下，标普500的周RSI目前为69.14。考虑一下：在不到三周的时间里（自3月25日以来），标普500上涨了约250点。道琼斯工业平均指数DJIA,+0.17%RSI为70.86，而纳斯达克综合指数,+1.03%为63.73。</blockquote></p><p>If the market keeps rising, short-term risks rise. Remember that markets or stocks can remain overbought or oversold for long time periods. For example, right now some individual stocks have RSI levels of 90 or higher, and yet, they are not falling. RSI is best used as a clue, but not to time the market.</p><p><blockquote>如果市场持续上涨，短期风险上升。请记住，市场或股票可能会长期保持超买或超卖。例如，现在一些个股的RSI水平为90或更高，但它们并没有下跌。RSI最好用作线索，但不能用于把握市场时机。</blockquote></p><p><b>MACD (Moving average convergence divergence):</b>&nbsp;Neutral. Many short-term traders rely on the MACD to give reliable trading signals. At the moment, while MACD for the S&amp;P 500 is above its zero line (positive), it is also even with its nine-day Signal Line (neutral).&nbsp;At the moment, MACD is not giving a clear signal for the S&amp;P 500. Meanwhile, MACD for the Dow is bullish (MACD above zero line and nine-day signal line) and is neutral for the Nasdaq.</p><p><blockquote><b>MACD（均线收敛发散）：</b>中立。许多短线交易者依靠MACD给出可靠的交易信号。目前，虽然标普500的MACD位于零线（正）上方，但也与九日信号线（中性）持平。目前，MACD并没有给出标普500的明确信号。与此同时，道指MACD看涨（MACD高于零线和九日信号线），纳斯达克中性。</blockquote></p><p><b>VIX (CBOE Volatility Index):</b>&nbsp;Showing no fear. The VIX,VIX,-1.22%which measures the implied volatility of the S&amp;P 500, has been falling for months, and is in the basement (it’s currently just under 17.0). This tells us there is low volatility and little fear. Few expect anything bad to happen to the stock market, and if stocks slide, many believe the market “will come back.” Only Mr. Market knows if this is true.</p><p><blockquote><b>VIX（芝加哥期权交易所波动率指数）：</b>没有表现出恐惧。衡量标普500隐含波动率的VIX，VIX，-1.22%，几个月来一直在下跌，处于地下室（目前略低于17.0）。这告诉我们波动性很低，恐惧也很少。很少有人预计股市会发生任何不好的事情，如果股市下滑，许多人相信市场“会回来”。只有先生。市场知道这是否属实。</blockquote></p><p>Bottom line: If you are a long-term investor, Lynch’s methods and ideas are excellent. If there is a bear-market hiccup, use the opportunity to buy shares of stock or indexes that you have researched.</p><p><blockquote>一句话：如果你是一个长期投资者，林奇的方法和想法是优秀的。如果出现熊市问题，请利用这个机会购买您研究过的股票或指数。</blockquote></p><p>If you are a short-term trader, there are clear warning signs that the U.S. market is too good to be true. Most importantly, don’t own anything you don’t understand, or that you got from a tip from a neighbor or a tout on TV. And be wary about buying on margin.</p><p><blockquote>如果你是短线交易者，有明显的警告信号表明美国市场好得令人难以置信。最重要的是，不要拥有任何你不理解的东西，或者你从邻居或电视上吹捧的东西。并警惕保证金买入。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opinion: Stocks’ short-term signals are bullish but Peter Lynch’s long-term investing advice still applies<blockquote>观点：股市短期信号看涨，但彼得林奇的长期投资建议仍然适用</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\">\nOpinion: Stocks’ short-term signals are bullish but Peter Lynch’s long-term investing advice still applies<blockquote>观点：股市短期信号看涨，但彼得林奇的长期投资建议仍然适用</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-09 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Legendary fund manager said to buy what you know and that matters in this trigger-happy market.</b>As a freelance writer and author, I’ve been fortunate to have interviewed many stock-market gurus over the years. One of the most memorable was with the legendary Peter Lynch, the former Fidelity Investments mutual fund manager. Years ago for an article, I spoke to him about one of his favorite subjects: Helping young people learn to invest.</p><p><blockquote><b>传奇基金经理表示，要购买你所知道的、在这个充满扳机的市场中很重要的东西。</b>作为一名自由撰稿人和作家，多年来我有幸采访了许多股市大师。其中最令人难忘的是与传奇人物彼得·林奇的合作，他是前富达投资共同基金经理。几年前，在一篇文章中，我和他谈到了他最喜欢的话题之一：帮助年轻人学会投资。</blockquote></p><p><b>Do your research</b></p><p><blockquote><b>做你的研究</b></blockquote></p><p>Lynch popularized the idea to invest in what you know — meaning to own shares of the companies that you are familiar with. He wrote three bestselling books on his ideas, including actually going in person to observe what people were buying first-hand.</p><p><blockquote>林奇推广了投资你所知道的东西的想法——意思是拥有你熟悉的公司的股票。他写了三本关于他的想法的畅销书，包括亲自去观察人们在买什么。</blockquote></p><p>Lynch was famous for visiting the companies that he wanted to buy stock in. For example, before buying shares in an automobile stock, Lynch would go to the dealer showroom, converse with the salespeople, and check out the inventory.</p><p><blockquote>林奇以访问他想购买股票的公司而闻名。例如，在购买汽车股票之前，林奇会去经销商展厅，与销售人员交谈，并检查库存。</blockquote></p><p>His advice, while sounding simplistic, is actually brilliant. After all, most people spend more time and effort researching buying a new refrigerator than a stock. I made that mistake when I first starting investing, sinking $50,000 into shares of a Texas cell phone company that I had never even heard about. Why? Because an acquaintance who knew more than I did about the stock market said I should. “You can double your money,” he promised. Famous last words.</p><p><blockquote>他的建议虽然听起来很简单，但实际上很聪明。毕竟，大多数人花在研究购买新冰箱上的时间和精力比购买库存还要多。当我第一次开始投资时，我犯了这个错误，我投入了50,000美元购买了一家我从未听说过的德克萨斯州手机公司的股票。为什么？因为一个比我更了解股市的熟人说我应该这样做。“你的钱可以翻倍，”他承诺道。著名的遗言。</blockquote></p><p>Instead of doubling my money, I lost half of it within months when the company nearly went bankrupt after some questionable accounting maneuvers. It was also the first and last time I ever bought stocks on margin.</p><p><blockquote>我的钱非但没有翻倍，反而在几个月内损失了一半，当时公司在一些可疑的会计操作后几乎破产。这也是我第一次也是最后一次用保证金购买股票。</blockquote></p><p>Using margin, the broker allowed me to use my original $25,000 to buy another $25,000 worth of stock (2-1 margin). When the stock plunged, I not only lost money on my original investment, I also owed the brokerage for the money I borrowed. Mismanaging margin is one of the ways that many investors get into trouble when their stocks go against them.</p><p><blockquote>利用保证金，经纪人允许我用原来的25,000美元购买另外价值25,000美元的股票（2-1保证金）。当股票暴跌时，我不仅损失了我原来的投资，我还欠了经纪公司我借的钱。当股票对他们不利时，保证金管理不善是许多投资者陷入困境的方式之一。</blockquote></p><p><b>Study balance sheets and stock charts</b></p><p><blockquote><b>研究资产负债表和股票图表</b></blockquote></p><p>Had I followed Lynch’s advice and done some basic research, I would have discovered that the so-called cell phone company was a scam. It was being promoted by fake press releases and inflated posts on social media.</p><p><blockquote>如果我听从林奇的建议，做一些基础研究，我会发现所谓的手机公司是一个骗局。它是通过虚假新闻稿和社交媒体上夸大的帖子来宣传的。</blockquote></p><p>In hindsight, I could have flown to Texas and visited the company. I would have discovered that it had only two employees. It would have been a lot cheaper to fly there than lose $25,000.&nbsp;I also could have studied the company’s balance sheet, looked at a stock chart, and studied its earnings reports. It sounds like common sense, but think of how many people buy stocks every day without doing the most basic research, what is referred to as exercising “due diligence.” Others call it “doing your homework.”</p><p><blockquote>事后看来，我本可以飞到德克萨斯州参观这家公司。我会发现它只有两名员工。飞往那里比损失25,000美元要便宜得多。我还可以研究该公司的资产负债表、股票图表并研究其收益报告。这听起来像是常识，但想想每天有多少人在没有做最基本的研究的情况下购买股票，即所谓的“尽职调查”。其他人看涨期权它“做你的家庭作业”。</blockquote></p><p><b>How Lynch handled bear markets</b></p><p><blockquote><b>林奇如何应对熊市</b></blockquote></p><p>From my interview with Lynch, I learned that he doesn’t make predictions. “I have no idea what the market will do over the next one or two years,” he told me. “What I do know is that if interest rates go up, inflation will go up and in the near term the stock market will go down. I also know that once every 18 months the market has a decline of 10%. These are called corrections. We could easily have a 10% correction. Perhaps one out of three of these corrections turns into a 20% to 25 % correction. These are called bear markets.”</p><p><blockquote>从我对林奇的采访中，我了解到他不做预测。“我不知道未来一两年市场会做什么，”他告诉我。“我所知道的是，如果利率上升，通货膨胀就会上升，短期内股市就会下跌。我还知道，每18个月市场就会下跌10%。这些被称为修正。我们可以很容易地进行10%的修正。也许这些修正中有三分之一会变成20%到25%的修正。这些被称为熊市。”</blockquote></p><p>Lynch took market corrections in stride, including bear markets. Although he disliked bear markets since he was a long-only manager and hated losing money when one occurred, he didn’t panic. “If you understand what companies you own and who their competitors are,” Lynch said, “you’re in good shape. You don’t panic if the market goes down and the stock goes down. If you don’t understand what you own and don’t understand what a company does and it falls by half, what should you do? If you haven’t done your research, you might as well call a psychic hotline for investment advice.”</p><p><blockquote>林奇从容应对市场调整，包括熊市。尽管他不喜欢熊市，因为他是一个只做多的经理，并且讨厌在熊市发生时亏损，但他并不恐慌。“如果你明白自己拥有什么公司，他们的竞争对手是谁，”林奇说，“你的状态很好。如果市场下跌，股票下跌，你不会惊慌。如果你不了解自己拥有什么，不了解一家公司做什么，跌了一半，你该怎么办？如果你没有做研究，你不妨看涨期权一个通灵热线寻求投资建议。”</blockquote></p><p>I learned from Lynch that although bear markets are inevitable, they cannot be predicted. That is why before one occurs, you must evaluate what stocks or funds you own. If you are confident about your investments, you won’t get shaken out.</p><p><blockquote>我从林奇那里了解到，熊市虽然不可避免，但无法预测。这就是为什么在发生之前，您必须评估您拥有的股票或基金。如果你对你的投资有信心，你就不会被动摇。</blockquote></p><p>For me, it means reducing some of my positions, especially given the U.S. market’s current technical indicators. Although the market has been on a 12-year bull run, it is still vulnerable to a steep correction, or worse, a bear market. That is why it’s more important than ever to do the basic research (i.e. study balance sheets and stock charts).</p><p><blockquote>对我来说，这意味着减少我的一些头寸，尤其是考虑到美国市场目前的技术指标。尽管市场已经经历了12年的牛市，但它仍然容易受到急剧调整，或者更糟的是，熊市。这就是为什么做基础研究比以往任何时候都更重要（即研究资产负债表和股票图表）。</blockquote></p><p>For short-term traders, here are what some solid technical indicators are saying now about the U.S. market as of the April 8 close.</p><p><blockquote>对于短线交易者来说，以下是截至4月8日收盘时一些可靠的技术指标对美国市场的影响。</blockquote></p><p><b>Moving averages:</b>&nbsp;Bullish. The S&amp;P 500SPX,+0.42%is on a tear — well-above its 50-, 100- and 200-day moving averages. According to moving averages, all systems are “go.”</p><p><blockquote><b>移动平均线：</b>看涨。标准普尔500SPX指数+0.42%远高于50日、100日和200日移动平均线。根据移动平均线，所有系统都“正常”。</blockquote></p><p></p><p><b>RSI (relative strength indicator):</b>&nbsp;Overbought. RSI, which measures overbought/oversold conditions, is telling us the market is getting close to the danger zone. When RSI hits 70 or higher, it is a danger sign. By the way, the S&amp;P 500’s weekly RSI is currently at 69.14. Consider this: In less than three weeks (since March 25), the S&amp;P 500 has moved higher by about 250 points.&nbsp;The Dow Jones Industrial AverageDJIA,+0.17%RSI is 70.86, while the NasdaqCOMP,+1.03%is at 63.73.</p><p><blockquote><b>RSI（相对强弱指标）：</b>超买。衡量超买/超卖状况的RSI告诉我们市场正在接近危险区域。当RSI达到70或更高时，这是一个危险信号。顺便说一下，标普500的周RSI目前为69.14。考虑一下：在不到三周的时间里（自3月25日以来），标普500上涨了约250点。道琼斯工业平均指数DJIA,+0.17%RSI为70.86，而纳斯达克综合指数,+1.03%为63.73。</blockquote></p><p>If the market keeps rising, short-term risks rise. Remember that markets or stocks can remain overbought or oversold for long time periods. For example, right now some individual stocks have RSI levels of 90 or higher, and yet, they are not falling. RSI is best used as a clue, but not to time the market.</p><p><blockquote>如果市场持续上涨，短期风险上升。请记住，市场或股票可能会长期保持超买或超卖。例如，现在一些个股的RSI水平为90或更高，但它们并没有下跌。RSI最好用作线索，但不能用于把握市场时机。</blockquote></p><p><b>MACD (Moving average convergence divergence):</b>&nbsp;Neutral. Many short-term traders rely on the MACD to give reliable trading signals. At the moment, while MACD for the S&amp;P 500 is above its zero line (positive), it is also even with its nine-day Signal Line (neutral).&nbsp;At the moment, MACD is not giving a clear signal for the S&amp;P 500. Meanwhile, MACD for the Dow is bullish (MACD above zero line and nine-day signal line) and is neutral for the Nasdaq.</p><p><blockquote><b>MACD（均线收敛发散）：</b>中立。许多短线交易者依靠MACD给出可靠的交易信号。目前，虽然标普500的MACD位于零线（正）上方，但也与九日信号线（中性）持平。目前，MACD并没有给出标普500的明确信号。与此同时，道指MACD看涨（MACD高于零线和九日信号线），纳斯达克中性。</blockquote></p><p><b>VIX (CBOE Volatility Index):</b>&nbsp;Showing no fear. The VIX,VIX,-1.22%which measures the implied volatility of the S&amp;P 500, has been falling for months, and is in the basement (it’s currently just under 17.0). This tells us there is low volatility and little fear. Few expect anything bad to happen to the stock market, and if stocks slide, many believe the market “will come back.” Only Mr. Market knows if this is true.</p><p><blockquote><b>VIX（芝加哥期权交易所波动率指数）：</b>没有表现出恐惧。衡量标普500隐含波动率的VIX，VIX，-1.22%，几个月来一直在下跌，处于地下室（目前略低于17.0）。这告诉我们波动性很低，恐惧也很少。很少有人预计股市会发生任何不好的事情，如果股市下滑，许多人相信市场“会回来”。只有先生。市场知道这是否属实。</blockquote></p><p>Bottom line: If you are a long-term investor, Lynch’s methods and ideas are excellent. If there is a bear-market hiccup, use the opportunity to buy shares of stock or indexes that you have researched.</p><p><blockquote>一句话：如果你是一个长期投资者，林奇的方法和想法是优秀的。如果出现熊市问题，请利用这个机会购买您研究过的股票或指数。</blockquote></p><p>If you are a short-term trader, there are clear warning signs that the U.S. market is too good to be true. Most importantly, don’t own anything you don’t understand, or that you got from a tip from a neighbor or a tout on TV. And be wary about buying on margin.</p><p><blockquote>如果你是短线交易者，有明显的警告信号表明美国市场好得令人难以置信。最重要的是，不要拥有任何你不理解的东西，或者你从邻居或电视上吹捧的东西。并警惕保证金买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stocks-short-term-signals-are-bullish-but-peter-lynchs-long-term-investing-advice-still-applies-11617920319?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stocks-short-term-signals-are-bullish-but-peter-lynchs-long-term-investing-advice-still-applies-11617920319?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131825246","content_text":"Legendary fund manager said to buy what you know and that matters in this trigger-happy market.As a freelance writer and author, I’ve been fortunate to have interviewed many stock-market gurus over the years. One of the most memorable was with the legendary Peter Lynch, the former Fidelity Investments mutual fund manager. Years ago for an article, I spoke to him about one of his favorite subjects: Helping young people learn to invest.Do your researchLynch popularized the idea to invest in what you know — meaning to own shares of the companies that you are familiar with. He wrote three bestselling books on his ideas, including actually going in person to observe what people were buying first-hand.Lynch was famous for visiting the companies that he wanted to buy stock in. For example, before buying shares in an automobile stock, Lynch would go to the dealer showroom, converse with the salespeople, and check out the inventory.His advice, while sounding simplistic, is actually brilliant. After all, most people spend more time and effort researching buying a new refrigerator than a stock. I made that mistake when I first starting investing, sinking $50,000 into shares of a Texas cell phone company that I had never even heard about. Why? Because an acquaintance who knew more than I did about the stock market said I should. “You can double your money,” he promised. Famous last words.Instead of doubling my money, I lost half of it within months when the company nearly went bankrupt after some questionable accounting maneuvers. It was also the first and last time I ever bought stocks on margin.Using margin, the broker allowed me to use my original $25,000 to buy another $25,000 worth of stock (2-1 margin). When the stock plunged, I not only lost money on my original investment, I also owed the brokerage for the money I borrowed. Mismanaging margin is one of the ways that many investors get into trouble when their stocks go against them.Study balance sheets and stock chartsHad I followed Lynch’s advice and done some basic research, I would have discovered that the so-called cell phone company was a scam. It was being promoted by fake press releases and inflated posts on social media.In hindsight, I could have flown to Texas and visited the company. I would have discovered that it had only two employees. It would have been a lot cheaper to fly there than lose $25,000. I also could have studied the company’s balance sheet, looked at a stock chart, and studied its earnings reports. It sounds like common sense, but think of how many people buy stocks every day without doing the most basic research, what is referred to as exercising “due diligence.” Others call it “doing your homework.”How Lynch handled bear marketsFrom my interview with Lynch, I learned that he doesn’t make predictions. “I have no idea what the market will do over the next one or two years,” he told me. “What I do know is that if interest rates go up, inflation will go up and in the near term the stock market will go down. I also know that once every 18 months the market has a decline of 10%. These are called corrections. We could easily have a 10% correction. Perhaps one out of three of these corrections turns into a 20% to 25 % correction. These are called bear markets.”Lynch took market corrections in stride, including bear markets. Although he disliked bear markets since he was a long-only manager and hated losing money when one occurred, he didn’t panic. “If you understand what companies you own and who their competitors are,” Lynch said, “you’re in good shape. You don’t panic if the market goes down and the stock goes down. If you don’t understand what you own and don’t understand what a company does and it falls by half, what should you do? If you haven’t done your research, you might as well call a psychic hotline for investment advice.”I learned from Lynch that although bear markets are inevitable, they cannot be predicted. That is why before one occurs, you must evaluate what stocks or funds you own. If you are confident about your investments, you won’t get shaken out.For me, it means reducing some of my positions, especially given the U.S. market’s current technical indicators. Although the market has been on a 12-year bull run, it is still vulnerable to a steep correction, or worse, a bear market. That is why it’s more important than ever to do the basic research (i.e. study balance sheets and stock charts).For short-term traders, here are what some solid technical indicators are saying now about the U.S. market as of the April 8 close.Moving averages: Bullish. The S&P 500SPX,+0.42%is on a tear — well-above its 50-, 100- and 200-day moving averages. According to moving averages, all systems are “go.”RSI (relative strength indicator): Overbought. RSI, which measures overbought/oversold conditions, is telling us the market is getting close to the danger zone. When RSI hits 70 or higher, it is a danger sign. By the way, the S&P 500’s weekly RSI is currently at 69.14. Consider this: In less than three weeks (since March 25), the S&P 500 has moved higher by about 250 points. The Dow Jones Industrial AverageDJIA,+0.17%RSI is 70.86, while the NasdaqCOMP,+1.03%is at 63.73.If the market keeps rising, short-term risks rise. Remember that markets or stocks can remain overbought or oversold for long time periods. For example, right now some individual stocks have RSI levels of 90 or higher, and yet, they are not falling. RSI is best used as a clue, but not to time the market.MACD (Moving average convergence divergence): Neutral. Many short-term traders rely on the MACD to give reliable trading signals. At the moment, while MACD for the S&P 500 is above its zero line (positive), it is also even with its nine-day Signal Line (neutral). At the moment, MACD is not giving a clear signal for the S&P 500. Meanwhile, MACD for the Dow is bullish (MACD above zero line and nine-day signal line) and is neutral for the Nasdaq.VIX (CBOE Volatility Index): Showing no fear. The VIX,VIX,-1.22%which measures the implied volatility of the S&P 500, has been falling for months, and is in the basement (it’s currently just under 17.0). This tells us there is low volatility and little fear. Few expect anything bad to happen to the stock market, and if stocks slide, many believe the market “will come back.” Only Mr. Market knows if this is true.Bottom line: If you are a long-term investor, Lynch’s methods and ideas are excellent. If there is a bear-market hiccup, use the opportunity to buy shares of stock or indexes that you have researched.If you are a short-term trader, there are clear warning signs that the U.S. market is too good to be true. Most importantly, don’t own anything you don’t understand, or that you got from a tip from a neighbor or a tout on TV. And be wary about buying on margin.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":159818497,"gmtCreate":1624955130619,"gmtModify":1631890054125,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Do they still have a future or will it be like Nokia?","listText":"Do they still have a future or will it be like Nokia?","text":"Do they still have a future or will it be like Nokia?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/159818497","repostId":"1175848515","repostType":4,"isVote":1,"tweetType":1,"viewCount":920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126051449,"gmtCreate":1624539089081,"gmtModify":1631890054204,"author":{"id":"3579833810423165","authorId":"3579833810423165","name":"Gab_Boey","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579833810423165","authorIdStr":"3579833810423165"},"themes":[],"htmlText":"Comment and like please.&nbsp;","listText":"Comment and like please.&nbsp;","text":"Comment and like please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/126051449","repostId":"1195543409","repostType":4,"isVote":1,"tweetType":1,"viewCount":836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}