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2021-11-16

BMW

BMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</blockquote>

2021-10-14

Snap...

Plug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</blockquote>

2021-10-11

Fly!!!

Singapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</blockquote>

2021-11-17

Go Singapore!

Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>

2021-09-07

👍🏼

Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote>

2021-10-21

👍🏼

抱歉，原内容已删除

2021-08-05

👍🏼

抱歉，原内容已删除

2021-05-31

Good luck!

抱歉，原内容已删除

2022-02-05

👍🏼

抱歉，原内容已删除

2021-05-28

Ouch…

抱歉，原内容已删除

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up up","listText":"Up up up","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633400344","repostId":"1186876974","repostType":4,"repost":{"id":"1186876974","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":1644245081,"share":"https://www.laohu8.com/m/news/1186876974?lang=zh_CN&edition=full","pubTime":"2022-02-07 22:44","market":"us","language":"en","title":"EV Stocks Rose in Morning Trading<blockquote>电动汽车股早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186876974","media":"Tiger Newspress","summary":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 ","content":"<p><html><head></head><body>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>电动汽车股早盘上涨，特斯拉、Rivian、蔚来、小鹏汽车、菲斯克和Arrival上涨2%至4%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks Rose in Morning Trading<blockquote>电动汽车股早盘上涨</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Rose in Morning Trading<blockquote>电动汽车股早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-02-07 22:44</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>电动汽车股早盘上涨，特斯拉、Rivian、蔚来、小鹏汽车、菲斯克和Arrival上涨2%至4%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","TSLA":"特斯拉","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186876974","content_text":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.","news_type":1,"symbols_score_info":{"RIVN":0.9,"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633620216,"gmtCreate":1644021855538,"gmtModify":1644021856166,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/633620216","repostId":"2209498003","repostType":4,"isVote":1,"tweetType":1,"viewCount":2564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609169648,"gmtCreate":1638252813297,"gmtModify":1638252813408,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/609169648","repostId":"2187305219","repostType":2,"isVote":1,"tweetType":1,"viewCount":2886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871706140,"gmtCreate":1637109883138,"gmtModify":1637109883402,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Go Singapore!","listText":"Go Singapore!","text":"Go Singapore!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/871706140","repostId":"1126829465","repostType":4,"repost":{"id":"1126829465","kind":"news","pubTimestamp":1637108959,"share":"https://www.laohu8.com/m/news/1126829465?lang=zh_CN&edition=full","pubTime":"2021-11-17 08:29","market":"sg","language":"en","title":"Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126829465","media":"Nasdaq","summary":"(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through","content":"<p>(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.</p><p><blockquote>（RTTNews）——新加坡股市在过去四个交易日中涨跌互现，此前连续两天下跌超过30点或1%。海峡时报指数目前略低于3,240点的高位，尽管周三可能会再次走高。</blockquote></p><p> The global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p><blockquote>由于稳健的经济数据和科技股的支持，全球对亚洲市场的预测是乐观的。欧洲市场涨跌互现，美国股市上涨，亚洲市场似乎分担了这一差异。</blockquote></p><p> The STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.</p><p><blockquote>由于金融股和工业股表现好坏参半，海指周二收盘小幅走低。</blockquote></p><p> For the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.</p><p><blockquote>当天，该指数在3,230.96至3,246.25之间交易后，下跌1.78点或0.05%，收于3,238.80点。成交量为15.8亿股，价值11.7亿新元。上涨261家，下跌200家。</blockquote></p><p> Among the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.</p><p><blockquote>活跃股中，Ascendas REIT下跌0.65%，City Developments上涨0.28%，Comfort DelGro上涨0.67%，Dairy Farm International下跌0.89%，DBS Group下跌0.47%，云顶新加坡上涨1.21%，丰树物流信托上涨1.02%，华侨银行上涨0.08%，新航和胜科工业均上涨0.49%，新加坡航空上涨0.19%，新加坡交易所下跌0.53%，新加坡报业控股飙升1.72%，新加坡科技工程上涨0.26%，新加坡饮料飙升1.38%，大华银行下跌0.14%，丰益国际下跌0.23%，吉宝企业、丰树商业信托、凯德综合商业信托和UOL集团持平。</blockquote></p><p> The lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.</p><p><blockquote>华尔街的领先是积极的，主要股指周二开盘走高，并在整个交易日保持绿色。</blockquote></p><p> The Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&amp;P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.</p><p><blockquote>道琼斯指数上涨54.77点，涨幅0.15%，收于36,142.22点；纳斯达克上涨120.01点，涨幅0.76%，收于15,973.86点；标普500上涨18.10点，涨幅0.39%，收于4,700.90点。</blockquote></p><p> The strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.</p><p><blockquote>华尔街的走强反映了对一些乐观的美国经济数据的积极反应，包括商务部报告显示10月份零售额飙升超过预期。</blockquote></p><p> The Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.</p><p><blockquote>美联储还发布报告显示，10月工业生产反弹幅度远超预期。</blockquote></p><p> Crude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.</p><p><blockquote>原油期货周二收低，受国际能源署预测全球原油产量将上升并有助于缓解供应紧张的情况打压。西德克萨斯中质原油12月期货收跌0.12美元或0.2%，报每桶80.76美元。</blockquote></p><p> Closer to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.</p><p><blockquote>言归正传，新加坡将于今天上午晚些时候公布10月份非石油国内出口数据，预测显示环比增长0.4%，同比增长15.0%，此前环比增长1.2%，同比增长12.3%。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</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\">\nRebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-11-17 08:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.</p><p><blockquote>（RTTNews）——新加坡股市在过去四个交易日中涨跌互现，此前连续两天下跌超过30点或1%。海峡时报指数目前略低于3,240点的高位，尽管周三可能会再次走高。</blockquote></p><p> The global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p><blockquote>由于稳健的经济数据和科技股的支持，全球对亚洲市场的预测是乐观的。欧洲市场涨跌互现，美国股市上涨，亚洲市场似乎分担了这一差异。</blockquote></p><p> The STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.</p><p><blockquote>由于金融股和工业股表现好坏参半，海指周二收盘小幅走低。</blockquote></p><p> For the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.</p><p><blockquote>当天，该指数在3,230.96至3,246.25之间交易后，下跌1.78点或0.05%，收于3,238.80点。成交量为15.8亿股，价值11.7亿新元。上涨261家，下跌200家。</blockquote></p><p> Among the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.</p><p><blockquote>活跃股中，Ascendas REIT下跌0.65%，City Developments上涨0.28%，Comfort DelGro上涨0.67%，Dairy Farm International下跌0.89%，DBS Group下跌0.47%，云顶新加坡上涨1.21%，丰树物流信托上涨1.02%，华侨银行上涨0.08%，新航和胜科工业均上涨0.49%，新加坡航空上涨0.19%，新加坡交易所下跌0.53%，新加坡报业控股飙升1.72%，新加坡科技工程上涨0.26%，新加坡饮料飙升1.38%，大华银行下跌0.14%，丰益国际下跌0.23%，吉宝企业、丰树商业信托、凯德综合商业信托和UOL集团持平。</blockquote></p><p> The lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.</p><p><blockquote>华尔街的领先是积极的，主要股指周二开盘走高，并在整个交易日保持绿色。</blockquote></p><p> The Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&amp;P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.</p><p><blockquote>道琼斯指数上涨54.77点，涨幅0.15%，收于36,142.22点；纳斯达克上涨120.01点，涨幅0.76%，收于15,973.86点；标普500上涨18.10点，涨幅0.39%，收于4,700.90点。</blockquote></p><p> The strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.</p><p><blockquote>华尔街的走强反映了对一些乐观的美国经济数据的积极反应，包括商务部报告显示10月份零售额飙升超过预期。</blockquote></p><p> The Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.</p><p><blockquote>美联储还发布报告显示，10月工业生产反弹幅度远超预期。</blockquote></p><p> Crude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.</p><p><blockquote>原油期货周二收低，受国际能源署预测全球原油产量将上升并有助于缓解供应紧张的情况打压。西德克萨斯中质原油12月期货收跌0.12美元或0.2%，报每桶80.76美元。</blockquote></p><p> Closer to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.</p><p><blockquote>言归正传，新加坡将于今天上午晚些时候公布10月份非石油国内出口数据，预测显示环比增长0.4%，同比增长15.0%，此前环比增长1.2%，同比增长12.3%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/rebound-predicted-for-singapore-stock-market\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.nasdaq.com/articles/rebound-predicted-for-singapore-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126829465","content_text":"(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.\nThe global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.\nThe STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.\nFor the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.\nAmong the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.\nThe lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.\nThe Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.\nThe strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.\nThe Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.\nCrude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.\nCloser to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871649742,"gmtCreate":1637068937203,"gmtModify":1637068937481,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"BMW","listText":"BMW","text":"BMW","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/871649742","repostId":"1104411586","repostType":4,"repost":{"id":"1104411586","kind":"news","pubTimestamp":1637068540,"share":"https://www.laohu8.com/m/news/1104411586?lang=zh_CN&edition=full","pubTime":"2021-11-16 21:15","market":"us","language":"en","title":"BMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104411586","media":"Reuters","summary":"BMW's October sales came in better than expected and November sales are off to a good start, the car","content":"<p>BMW's&nbsp;October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach the upper end of its 9.5% to 10.5% automotive profit forecast this year.</p><p><blockquote>宝马首席财务官周二表示，宝马10月份的销量好于预期，11月份的销量也有了一个良好的开端，并补充说，他预计该公司今年将达到9.5%至10.5%的汽车利润预期上限。</blockquote></p><p> Such margins were unlikely to last, though easing supply chain bottlenecks for semiconductor chips in the second half of 2022 could still boost growth, Chief Financial Officer Nicolas Peter said at a roundtable with journalists in Frankfurt.</p><p><blockquote>首席财务官尼古拉斯·彼得(Nicolas Peter)在法兰克福与记者举行的圆桌会议上表示，尽管2022年下半年半导体芯片供应链瓶颈的缓解仍可能促进增长，但这种利润率不太可能持续下去。</blockquote></p><p> \"I would be disappointed if we failed to reach the upper end of our current margin target,\" Peter said.</p><p><blockquote>“如果我们未能达到当前利润率目标的上限，我会感到失望，”彼得说。</blockquote></p><p> The company expects electric vehicle sales to at least double in 2022 and plans increase the prices for all its new cars by an average of 1%, the CFO said.</p><p><blockquote>首席财务官表示，该公司预计2022年电动汽车销量将至少翻一番，并计划将所有新车的价格平均提高1%。</blockquote></p><p> He added BMW had already secured battery cell supply until 2025 and is negotiating with manufacturers about contracts for the second half of the decade.</p><p><blockquote>他补充说，宝马已经确保了2025年之前的电池供应，并正在与制造商就本十年后五年的合同进行谈判。</blockquote></p><p> He also said BMW's planned increase of its stake in China joint venture BMW Brilliance to 75% from 50% should take place in the first quarter of 2022, when the country drops the rule blocking foreign ownership of more than 50% of local companies.</p><p><blockquote>他还表示，宝马计划在2022年第一季度将其在中国合资企业华晨宝马的股份从50%增加到75%，届时中国将取消禁止外资持股超过50%的本土公司的规定。</blockquote></p><p> In early November, the German automaker reported a 42.4% increase in third-quarter net profits to 2.58 billion euros ($2.93 billion) as strong electric vehicle sales and higher prices offset lower deliveries amid chip supply issues.</p><p><blockquote>11月初，这家德国汽车制造商公布第三季度净利润增长42.4%，达到25.8亿欧元（29.3亿美元），原因是电动汽车销售强劲和价格上涨抵消了芯片供应问题导致的交付量下降。</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>BMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</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\">\nBMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-16 21:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>BMW's&nbsp;October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach the upper end of its 9.5% to 10.5% automotive profit forecast this year.</p><p><blockquote>宝马首席财务官周二表示，宝马10月份的销量好于预期，11月份的销量也有了一个良好的开端，并补充说，他预计该公司今年将达到9.5%至10.5%的汽车利润预期上限。</blockquote></p><p> Such margins were unlikely to last, though easing supply chain bottlenecks for semiconductor chips in the second half of 2022 could still boost growth, Chief Financial Officer Nicolas Peter said at a roundtable with journalists in Frankfurt.</p><p><blockquote>首席财务官尼古拉斯·彼得(Nicolas Peter)在法兰克福与记者举行的圆桌会议上表示，尽管2022年下半年半导体芯片供应链瓶颈的缓解仍可能促进增长，但这种利润率不太可能持续下去。</blockquote></p><p> \"I would be disappointed if we failed to reach the upper end of our current margin target,\" Peter said.</p><p><blockquote>“如果我们未能达到当前利润率目标的上限，我会感到失望，”彼得说。</blockquote></p><p> The company expects electric vehicle sales to at least double in 2022 and plans increase the prices for all its new cars by an average of 1%, the CFO said.</p><p><blockquote>首席财务官表示，该公司预计2022年电动汽车销量将至少翻一番，并计划将所有新车的价格平均提高1%。</blockquote></p><p> He added BMW had already secured battery cell supply until 2025 and is negotiating with manufacturers about contracts for the second half of the decade.</p><p><blockquote>他补充说，宝马已经确保了2025年之前的电池供应，并正在与制造商就本十年后五年的合同进行谈判。</blockquote></p><p> He also said BMW's planned increase of its stake in China joint venture BMW Brilliance to 75% from 50% should take place in the first quarter of 2022, when the country drops the rule blocking foreign ownership of more than 50% of local companies.</p><p><blockquote>他还表示，宝马计划在2022年第一季度将其在中国合资企业华晨宝马的股份从50%增加到75%，届时中国将取消禁止外资持股超过50%的本土公司的规定。</blockquote></p><p> In early November, the German automaker reported a 42.4% increase in third-quarter net profits to 2.58 billion euros ($2.93 billion) as strong electric vehicle sales and higher prices offset lower deliveries amid chip supply issues.</p><p><blockquote>11月初，这家德国汽车制造商公布第三季度净利润增长42.4%，达到25.8亿欧元（29.3亿美元），原因是电动汽车销售强劲和价格上涨抵消了芯片供应问题导致的交付量下降。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/autos-transportation/bmw-fourth-quarter-off-good-start-sees-double-digit-2021-margins-cfo-2021-11-16/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BMWYY":"宝马汽车"},"source_url":"https://www.reuters.com/business/autos-transportation/bmw-fourth-quarter-off-good-start-sees-double-digit-2021-margins-cfo-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104411586","content_text":"BMW's October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach the upper end of its 9.5% to 10.5% automotive profit forecast this year.\nSuch margins were unlikely to last, though easing supply chain bottlenecks for semiconductor chips in the second half of 2022 could still boost growth, Chief Financial Officer Nicolas Peter said at a roundtable with journalists in Frankfurt.\n\"I would be disappointed if we failed to reach the upper end of our current margin target,\" Peter said.\nThe company expects electric vehicle sales to at least double in 2022 and plans increase the prices for all its new cars by an average of 1%, the CFO said.\nHe added BMW had already secured battery cell supply until 2025 and is negotiating with manufacturers about contracts for the second half of the decade.\nHe also said BMW's planned increase of its stake in China joint venture BMW Brilliance to 75% from 50% should take place in the first quarter of 2022, when the country drops the rule blocking foreign ownership of more than 50% of local companies.\nIn early November, the German automaker reported a 42.4% increase in third-quarter net profits to 2.58 billion euros ($2.93 billion) as strong electric vehicle sales and higher prices offset lower deliveries amid chip supply issues.","news_type":1,"symbols_score_info":{"BMWYY":0.9}},"isVote":1,"tweetType":1,"viewCount":2433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846036149,"gmtCreate":1636034431984,"gmtModify":1636034432237,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/846036149","repostId":"1133982177","repostType":2,"repost":{"id":"1133982177","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":1635845705,"share":"https://www.laohu8.com/m/news/1133982177?lang=zh_CN&edition=full","pubTime":"2021-11-02 17:35","market":"us","language":"en","title":"Some semiconductor stocks climbed in premarket trading<blockquote>一些半导体股在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133982177","media":"Tiger Newspress","summary":"Some semiconductor stocks climbed in premarket trading.Globalfoundries rose more than 2%;ASML,ON Sem","content":"<p>Some semiconductor stocks climbed in premarket trading.Globalfoundries&nbsp;rose&nbsp;more&nbsp;than&nbsp;2%;ASML,ON Semiconductor&nbsp;and&nbsp;United Microelectronics&nbsp;rose&nbsp;more&nbsp;than&nbsp;1%.</p><p><blockquote>部分半导体股盘前攀升格芯涨超2%；阿斯麦、安森美、联华电子涨超1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aba3bb60a09dbb338647cae23853ad5c\" tg-width=\"407\" tg-height=\"243\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some semiconductor stocks climbed in premarket trading<blockquote>一些半导体股在盘前交易中上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSome semiconductor stocks climbed in premarket trading<blockquote>一些半导体股在盘前交易中上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-02 17:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some semiconductor stocks climbed in premarket trading.Globalfoundries&nbsp;rose&nbsp;more&nbsp;than&nbsp;2%;ASML,ON Semiconductor&nbsp;and&nbsp;United Microelectronics&nbsp;rose&nbsp;more&nbsp;than&nbsp;1%.</p><p><blockquote>部分半导体股盘前攀升格芯涨超2%；阿斯麦、安森美、联华电子涨超1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aba3bb60a09dbb338647cae23853ad5c\" tg-width=\"407\" tg-height=\"243\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","GFS":"GLOBALFOUNDRIES Inc.","ON":"安森美半导体","UMC":"联电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133982177","content_text":"Some semiconductor stocks climbed in premarket trading.Globalfoundries rose more than 2%;ASML,ON Semiconductor and United Microelectronics rose more than 1%.","news_type":1,"symbols_score_info":{"ON":0.9,"UMC":0.9,"ASML":0.9,"GFS":0.9}},"isVote":1,"tweetType":1,"viewCount":2598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846096119,"gmtCreate":1636034028150,"gmtModify":1636035009838,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GFS\">$GLOBALFOUNDRIES Inc.(GFS)$</a>https://www.cnbc.com/2021/10/30/globalfoundries-ceo-were-sold-out-of-semiconductor-chip-capacity-through-2023.html","listText":"<a href=\"https://laohu8.com/S/GFS\">$GLOBALFOUNDRIES Inc.(GFS)$</a>https://www.cnbc.com/2021/10/30/globalfoundries-ceo-were-sold-out-of-semiconductor-chip-capacity-through-2023.html","text":"$GLOBALFOUNDRIES Inc.(GFS)$https://www.cnbc.com/2021/10/30/globalfoundries-ceo-were-sold-out-of-semiconductor-chip-capacity-through-2023.html","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/846096119","isVote":1,"tweetType":1,"viewCount":2386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846098821,"gmtCreate":1636033995614,"gmtModify":1636035002359,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"ttps://www.cnbc.com/2021/10/30/globalfoundries-ceo-were-sold-out-of-semiconductor-chip-capacity-through-2023.html","listText":"ttps://www.cnbc.com/2021/10/30/globalfoundries-ceo-were-sold-out-of-semiconductor-chip-capacity-through-2023.html","text":"ttps://www.cnbc.com/2021/10/30/globalfoundries-ceo-were-sold-out-of-semiconductor-chip-capacity-through-2023.html","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846098821","isVote":1,"tweetType":1,"viewCount":2465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841887504,"gmtCreate":1635901600197,"gmtModify":1635901600318,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841887504","repostId":"2180731718","repostType":2,"repost":{"id":"2180731718","kind":"news","pubTimestamp":1635898865,"share":"https://www.laohu8.com/m/news/2180731718?lang=zh_CN&edition=full","pubTime":"2021-11-03 08:21","market":"sg","language":"en","title":"OCBC's Q3 profit up 19% to $1.22 billion, beating forecasts<blockquote>华侨银行第三季度利润增长19%至12.2亿美元，超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2180731718","media":"The Straits Times","summary":"SINGAPORE - OCBC Bank's earnings have continued to bounce back from the troughs of the pandemic desp","content":"<p><div> SINGAPORE - OCBC Bank's earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties. The bank posted on Wednesday (Nov 3) a 19 per cent year-on-...</p><p><blockquote><div>新加坡——尽管Covid-19的不确定性挥之不去，华侨银行的盈利仍继续从疫情的低谷中反弹。该银行周三（11月3日）公布同比增长19%...</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts\">网页连接</a></blockquote></p><p></p>","source":"straits_highlight","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>OCBC's Q3 profit up 19% to $1.22 billion, beating forecasts<blockquote>华侨银行第三季度利润增长19%至12.2亿美元，超出预期</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\">\nOCBC's Q3 profit up 19% to $1.22 billion, beating forecasts<blockquote>华侨银行第三季度利润增长19%至12.2亿美元，超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Straits Times</strong><span class=\"h-time small\">2021-11-03 08:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> SINGAPORE - OCBC Bank's earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties. The bank posted on Wednesday (Nov 3) a 19 per cent year-on-...</p><p><blockquote><div>新加坡——尽管Covid-19的不确定性挥之不去，华侨银行的盈利仍继续从疫情的低谷中反弹。该银行周三（11月3日）公布同比增长19%...</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts\">The Straits Times</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":{"O39.SI":"华侨银行"},"source_url":"http://www.straitstimes.com/business/banking/ocbc-q3-profit-up-19-to-122-billion-beating-forecasts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2180731718","content_text":"SINGAPORE - OCBC Bank's earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties.\nThe bank posted on Wednesday (Nov 3) a 19 per cent year-on-year increase in third-quarter net profit to $1.22 billion, partly driven by lower allowances amid an improving credit outlook.\nIts earnings topped the $1.19 billion average estimate of four analysts polled by Bloomberg.\nGroup chief executive Helen Wong said the bank's results were resilient, despite challenging conditions associated with the Delta variant of the coronavirus.\n\"This quarter, the momentum across our banking, wealth management and insurance business has continued to grow, as reflected by loan, net new money, fee and insurance sales growth,\" she said.\nMs Wong noted that asset quality is stabilising as the economic situation improves.\n\"We remain positive on the long-term outlook but are watchful of the near-term headwinds from the pandemic,\" she added.\nNet interest income climbed 3 per cent to $1.46 billion amid an increase in average loan volumes. Net interest margin, a key gauge of banks' profitability, declined two basis points to 1.52 per cent.\nTotal allowances dropped 54 per cent to $163 million as the credit environment improved.","news_type":1,"symbols_score_info":{"O39.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843277101,"gmtCreate":1635838224559,"gmtModify":1635838224771,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Retirement?","listText":"Retirement?","text":"Retirement?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843277101","repostId":"1183231217","repostType":4,"isVote":1,"tweetType":1,"viewCount":2619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849215254,"gmtCreate":1635758237563,"gmtModify":1635758237678,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Huat ah!","listText":"Huat ah!","text":"Huat ah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849215254","repostId":"1161155083","repostType":2,"repost":{"id":"1161155083","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":1635755116,"share":"https://www.laohu8.com/m/news/1161155083?lang=zh_CN&edition=full","pubTime":"2021-11-01 16:25","market":"us","language":"en","title":"GlobalFoundries shares soared 10% in premarket trading<blockquote>格芯股价在盘前交易中飙升10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161155083","media":"Tiger Newspress","summary":"GlobalFoundries shares soared 10% in premarket trading.The stock was listed on Friday and closed up ","content":"<p>GlobalFoundries shares soared 10% in premarket trading.The stock was listed on Friday and closed up 5%.</p><p><blockquote>GlobalFoundries股价在盘前交易中飙升10%。该股周五上市，收盘上涨5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/026499382ac060b57d31376eb891e36b\" tg-width=\"847\" tg-height=\"617\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> GlobalFoundries is appealing to public-market investors as interest in the semiconductor industry hits an all-time high. Shortages caused by a surge in demand for electronics during coronavirus pandemic lockdowns and insufficient supply have made chip factories more valuable to the economy.</p><p><blockquote>随着人们对半导体行业的兴趣创下历史新高，格芯正在吸引公开市场投资者。冠状病毒大流行封锁期间电子产品需求激增和供应不足造成的短缺使得芯片工厂对经济的价值更高。</blockquote></p><p> For the first half of the year, GlobalFoundries had a net loss of $301 million on revenue of about $3 billion, compared with a loss of $534 million on $2.7 billion in revenue a year earlier, according to the filings.</p><p><blockquote>文件显示，今年上半年，格芯净亏损3.01亿美元，营收约30亿美元，而去年同期营收27亿美元，亏损5.34亿美元。</blockquote></p><p> Contract chipmakers like GlobalFoundries fabricate semiconductors for large technology companies such as Apple Inc. and Amazon.com Inc. Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. currently dominate the market, and Intel Corp. has ambitions to become a bigger force in that area too.</p><p><blockquote>GlobalFoundries等合同芯片制造商为苹果公司和亚马逊公司等大型科技公司制造半导体。台积电公司和三星电子公司目前主导着市场，英特尔公司也有雄心成为该领域更大的力量。</blockquote></p><p> GlobalFoundries previously gave up on the kind of leading-edge production that would match the capabilities of Taiwan Semiconductor or Samsung. Instead, it’s serving the market for less advanced chips, which are increasingly critical to carmakers and other industries.</p><p><blockquote>格芯此前放弃了与台积电或三星能力相匹配的领先生产。相反，它服务于不太先进的芯片市场，这些芯片对汽车制造商和其他行业越来越重要。</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>GlobalFoundries shares soared 10% in premarket trading<blockquote>格芯股价在盘前交易中飙升10%</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\">\nGlobalFoundries shares soared 10% in premarket trading<blockquote>格芯股价在盘前交易中飙升10%</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\">2021-11-01 16:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>GlobalFoundries shares soared 10% in premarket trading.The stock was listed on Friday and closed up 5%.</p><p><blockquote>GlobalFoundries股价在盘前交易中飙升10%。该股周五上市，收盘上涨5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/026499382ac060b57d31376eb891e36b\" tg-width=\"847\" tg-height=\"617\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> GlobalFoundries is appealing to public-market investors as interest in the semiconductor industry hits an all-time high. Shortages caused by a surge in demand for electronics during coronavirus pandemic lockdowns and insufficient supply have made chip factories more valuable to the economy.</p><p><blockquote>随着人们对半导体行业的兴趣创下历史新高，格芯正在吸引公开市场投资者。冠状病毒大流行封锁期间电子产品需求激增和供应不足造成的短缺使得芯片工厂对经济的价值更高。</blockquote></p><p> For the first half of the year, GlobalFoundries had a net loss of $301 million on revenue of about $3 billion, compared with a loss of $534 million on $2.7 billion in revenue a year earlier, according to the filings.</p><p><blockquote>文件显示，今年上半年，格芯净亏损3.01亿美元，营收约30亿美元，而去年同期营收27亿美元，亏损5.34亿美元。</blockquote></p><p> Contract chipmakers like GlobalFoundries fabricate semiconductors for large technology companies such as Apple Inc. and Amazon.com Inc. Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. currently dominate the market, and Intel Corp. has ambitions to become a bigger force in that area too.</p><p><blockquote>GlobalFoundries等合同芯片制造商为苹果公司和亚马逊公司等大型科技公司制造半导体。台积电公司和三星电子公司目前主导着市场，英特尔公司也有雄心成为该领域更大的力量。</blockquote></p><p> GlobalFoundries previously gave up on the kind of leading-edge production that would match the capabilities of Taiwan Semiconductor or Samsung. Instead, it’s serving the market for less advanced chips, which are increasingly critical to carmakers and other industries.</p><p><blockquote>格芯此前放弃了与台积电或三星能力相匹配的领先生产。相反，它服务于不太先进的芯片市场，这些芯片对汽车制造商和其他行业越来越重要。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GFS":"GLOBALFOUNDRIES Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161155083","content_text":"GlobalFoundries shares soared 10% in premarket trading.The stock was listed on Friday and closed up 5%.\n\nGlobalFoundries is appealing to public-market investors as interest in the semiconductor industry hits an all-time high. Shortages caused by a surge in demand for electronics during coronavirus pandemic lockdowns and insufficient supply have made chip factories more valuable to the economy.\nFor the first half of the year, GlobalFoundries had a net loss of $301 million on revenue of about $3 billion, compared with a loss of $534 million on $2.7 billion in revenue a year earlier, according to the filings.\nContract chipmakers like GlobalFoundries fabricate semiconductors for large technology companies such as Apple Inc. and Amazon.com Inc. Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. currently dominate the market, and Intel Corp. has ambitions to become a bigger force in that area too.\nGlobalFoundries previously gave up on the kind of leading-edge production that would match the capabilities of Taiwan Semiconductor or Samsung. Instead, it’s serving the market for less advanced chips, which are increasingly critical to carmakers and other industries.","news_type":1,"symbols_score_info":{"GFS":0.9}},"isVote":1,"tweetType":1,"viewCount":1051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855334673,"gmtCreate":1635334950542,"gmtModify":1635335275057,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/855334673","repostId":"1102358032","repostType":4,"repost":{"id":"1102358032","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":1635333593,"share":"https://www.laohu8.com/m/news/1102358032?lang=zh_CN&edition=full","pubTime":"2021-10-27 19:19","market":"us","language":"en","title":"Kraft Heinz rose nearly 1% in premarket trading as it beat revenue estimates helped by higher prices<blockquote>卡夫亨氏在盘前交易中上涨近1%，因价格上涨帮助其收入超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102358032","media":"Tiger Newspress","summary":"Kraft Heinz Co(KHC.O)beat Wall Street expectations for quarterly sales on Wednesday, as the packaged","content":"<p>Kraft Heinz Co(KHC.O)beat Wall Street expectations for quarterly sales on Wednesday, as the packaged food company benefited from raising product prices to tackle rising inflation.</p><p><blockquote>卡夫亨氏公司(KHC.O)周三季度销售额超出华尔街预期，这家包装食品公司受益于提高产品价格以应对通胀上升。</blockquote></p><p> Net sales in the third quarter fell to $6.32 billion for the Jell-O maker from $6.44 billion a year earlier. Analysts on average had expected sales of $6.05 billion, according to Refinitiv IBES.</p><p><blockquote>这家果冻制造商第三季度的净销售额从去年同期的64.4亿美元降至63.2亿美元。根据Refinitiv IBES的数据，分析师平均预期销售额为60.5亿美元。</blockquote></p><p> Kraft Heinz Co&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/3f1bab565eedd1970bcdb9f46852a165\" tg-width=\"780\" tg-height=\"560\" width=\"100%\" height=\"auto\"></p><p><blockquote>卡夫亨氏公司股价在盘前交易中上涨近1%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kraft Heinz rose nearly 1% in premarket trading as it beat revenue estimates helped by higher prices<blockquote>卡夫亨氏在盘前交易中上涨近1%，因价格上涨帮助其收入超出预期</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\">\nKraft Heinz rose nearly 1% in premarket trading as it beat revenue estimates helped by higher prices<blockquote>卡夫亨氏在盘前交易中上涨近1%，因价格上涨帮助其收入超出预期</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\">2021-10-27 19:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Kraft Heinz Co(KHC.O)beat Wall Street expectations for quarterly sales on Wednesday, as the packaged food company benefited from raising product prices to tackle rising inflation.</p><p><blockquote>卡夫亨氏公司(KHC.O)周三季度销售额超出华尔街预期，这家包装食品公司受益于提高产品价格以应对通胀上升。</blockquote></p><p> Net sales in the third quarter fell to $6.32 billion for the Jell-O maker from $6.44 billion a year earlier. Analysts on average had expected sales of $6.05 billion, according to Refinitiv IBES.</p><p><blockquote>这家果冻制造商第三季度的净销售额从去年同期的64.4亿美元降至63.2亿美元。根据Refinitiv IBES的数据，分析师平均预期销售额为60.5亿美元。</blockquote></p><p> Kraft Heinz Co&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/3f1bab565eedd1970bcdb9f46852a165\" tg-width=\"780\" tg-height=\"560\" width=\"100%\" height=\"auto\"></p><p><blockquote>卡夫亨氏公司股价在盘前交易中上涨近1%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KHC":"卡夫亨氏"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102358032","content_text":"Kraft Heinz Co(KHC.O)beat Wall Street expectations for quarterly sales on Wednesday, as the packaged food company benefited from raising product prices to tackle rising inflation.\nNet sales in the third quarter fell to $6.32 billion for the Jell-O maker from $6.44 billion a year earlier. Analysts on average had expected sales of $6.05 billion, according to Refinitiv IBES.\nKraft Heinz Co shares rose nearly 1% in premarket trading.","news_type":1,"symbols_score_info":{"KHC":0.9}},"isVote":1,"tweetType":1,"viewCount":805,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858729823,"gmtCreate":1635124086998,"gmtModify":1635124087237,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858729823","repostId":"1108996887","repostType":4,"repost":{"id":"1108996887","kind":"news","pubTimestamp":1635123946,"share":"https://www.laohu8.com/m/news/1108996887?lang=zh_CN&edition=full","pubTime":"2021-10-25 09:05","market":"us","language":"en","title":"Sea Limited: Spreading Its E-Commerce Tentacles<blockquote>Sea Limited：展开电商触角</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108996887","media":"Seeking Alpha","summary":"Summary\n\nSea Limited is the preeminent Internet company headquartered in Singapore. It has posted ga","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Sea Limited is the preeminent Internet company headquartered in Singapore. It has posted gangbusters growth over the past couple of years.</li>  <li>The company continues to sharpen its edge in mobile gaming. It has also penetrated more markets beyond Southeast Asia.</li>  <li>We discuss whether Sea stock still presents a reasonable opportunity to add for investors now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81d7d3e514cf6dfea7d8e68541eec1ca\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"><span>franckreporter/E+ via Getty Images</span></p><p><blockquote><ul><li>Sea Limited是总部位于新加坡的卓越互联网公司。在过去的几年里，它取得了巨大的增长。</li><li>该公司继续增强其在移动游戏领域的优势。它还渗透到了东南亚以外的更多市场。</li><li>我们讨论Sea股票现在是否仍然为投资者提供合理的增持机会。</li></ul><p class=\"t-img-caption\"><span>franckreporter/E+来自盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Sea Limited (SE) is one of the highest conviction holdings in our growth portfolio. SE stock is one of those stocks that we have consistently added on significant dips previously. It has been a phenomenal outperformer for us over the last couple of years. We have never pared down our holdings and also added the stock at appropriate times.</p><p><blockquote>Sea Limited(SE)是我们增长投资组合中最有信心的持股之一。SE股票是我们之前在大幅下跌时持续增持的股票之一。在过去的几年里，它对我们来说表现出色。我们从未减持过股票，也会在适当的时候增持股票。</blockquote></p><p> We have also covered the stock extensively. For investors who are new to Sea Limited, you can refer to our recent articles for a deeper dive:</p><p><blockquote>我们还广泛报道了该股票。对于刚接触Sea Limited的投资者，您可以参考我们最近的文章进行更深入的了解：</blockquote></p><p> <ul>  <li>Is Sea Limited Stock A Good Buy For The Long-Term?</li>  <li>MercadoLibre Vs. Sea Limited: Southeast Asia's Finest Takes On LatAm's E-Commerce Behemoth</li>  <li>Sea Limited: Don't Underrate Garena's Tremendous Potential</li> </ul> Without a doubt, Sea Limited does not qualify as a stock for value investors. The stock is trading at a premium valuation. It still reports negative last-twelve-months (LTM) GAAP EBITDA margins despite its massive growth. Some investors can argue that much of its valuation is predicated on its ability to execute its revenue growth excellently.</p><p><blockquote><ul><li>从长远来看，Sea Limited股票值得买入吗？</li><li>MercadoLibre与Sea Limited：东南亚最优秀的公司迎战拉美电子商务巨头</li><li>Sea Limited：不要低估Garena的巨大潜力</li></ul>毫无疑问，Sea Limited不符合价值投资者的股票资格。该股的交易估值溢价。尽管增长巨大，但该公司过去12个月(LTM)的GAAP EBITDA利润率仍为负。一些投资者可能会说，其估值很大程度上取决于其出色实现收入增长的能力。</blockquote></p><p> Recently, its e-commerce arm, Shopee, expanded further on its penetration into LatAm. We also discussed previously how Shopee's penetration into MercadoLibre's (MELI) home ground has been shaping up. We thought its&nbsp;recent $6.3B capital raise&nbsp;was to help drive its aggressive growth into LatAm mainly. However, the company has other ideas. Shopee recently announced its forays into several key e-commerce markets. These include India, France, Spain, and Poland. These have also been important markets for Amazon (AMZN) and Alibaba (BABA). But, Sea Limited is never afraid of competing against strong incumbents. It unseated Lazada (BABA) on its way to claiming the throne in Southeast Asia. It has also been driving hard against MELI in LatAm.</p><p><blockquote>最近，其电子商务部门Shopee进一步扩大了对拉丁美洲的渗透。我们之前还讨论了Shopee如何渗透到MercadoLibre(MELI)的大本营。我们认为其最近的6.3 B美元融资主要是为了帮助推动其在拉丁美洲的积极增长。然而，该公司还有其他想法。Shopee最近宣布进军几个主要电子商务市场。这些国家包括印度、法国、西班牙和波兰。这些也是亚马逊（AMZN）和阿里巴巴-SW（BABA）的重要市场。但是，Sea Limited从不害怕与强大的现有企业竞争。它在Lazada（阿里巴巴）夺取东南亚王位的过程中取代了它。它还在拉丁美洲与MELI展开了激烈的竞争。</blockquote></p><p> We discuss whether SE stock is a buy as it spreads its dominance across the world.</p><p><blockquote>我们讨论SE股票在全球范围内传播其主导地位时是否值得买入。</blockquote></p><p> <b>SE Stock YTD Performance</b></p><p><blockquote><b>SE股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/612df62f4da522d7951f2b26c3013573\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>SE stock YTD performance (as of 22 October 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票年初至今表现（截至21年10月22日）。</span></p></blockquote></p><p> SE stock has been on a phenomenal run in 2021 so far. It also suffered from the growth-to-value rotation earlier in the year. However, those dips proved to be transitory, as its upward momentum recovered swiftly. Ever since its last significant dip in May, the stock's momentum has been on a tear. The other minor dips have also proven to be opportunities for investors to add its stock. At the moment, its YTD return has reached 78.5%. It also easily outperformed its peers and the market. SE stock has proven to be an incredible winner against its more prominent peers.</p><p><blockquote>到目前为止，SE股票在2021年一直表现出色。今年早些时候，它还遭受了增长到价值的轮动。然而，这些下跌被证明是暂时的，因为其上升势头迅速恢复。自5月份上次大幅下跌以来，该股的势头一直在强劲。事实证明，其他小幅下跌也是投资者增持其股票的机会。目前，其年初至今回报率已达到78.5%。它的表现也轻松跑赢了同行和市场。事实证明，与更著名的同行相比，SE股票是令人难以置信的赢家。</blockquote></p><p> <b>Taking Account of Shopee's Aggressive Expansion</b></p><p><blockquote><b>考虑到Shopee的积极扩张</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0a42178971462228baa427dd13e8a50\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Shopee quarterly GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Shopee季度GMV。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a17b899e6e0ed296f07a8cd67524d8f6\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Shopee LTM GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>虾皮LTM GMV。数据来源：公司备案</span></p></blockquote></p><p> Shopee has grown its gross merchandise value (GMV) very aggressively over the past year. At the end of 2020, it posted a GMV of $35.4B. By the end of H1'21, Shopee's LTM GMV reached $48.8B. Thus, its LTM GMV increased by an incredible 37.9% over 2 quarters. However, in our previous article (published on 13 August), we noted that Southeast Asia's top-6 countries' e-commerce GMV for 2020 was estimated at $62B. We also explained that even though the region is estimated to grow by a CAGR of 22.6% by 2025, its largest market, Indonesia, is estimated to experience slower growth. Indonesia's e-commerce market is estimated to grow by a CAGR of 19.1% through 2024.</p><p><blockquote>Shopee的商品总值(GMV)在过去一年中大幅增长。截至2020年底，其GMV为$354亿B。截至21年上半年末，Shopee的LTM GMV达到$488亿B。因此，其LTM GMV在两个季度内增长了令人难以置信的37.9%。然而，在我们之前的文章（8月13日发布）中，我们注意到2020年东南亚前6名国家的电子商务GMV估计为620亿美元。我们还解释说，尽管该地区预计到2025年复合年增长率为22.6%，但其最大的市场印度尼西亚预计将经历较慢的增长。预计到2024年，印度尼西亚的电子商务市场将以19.1%的复合年增长率增长。</blockquote></p><p> In contrast, LatAm is still expected to experience tremendous growth. Its e-commerce market is expected to grow by a CAGR of 28.1% through 2024, with Brazil and Mexico as the region's most important growth markets.</p><p><blockquote>相比之下，拉丁美洲预计仍将经历巨大的增长。到2024年，其电子商务市场预计将以28.1%的复合年增长率增长，其中巴西和墨西哥是该地区最重要的增长市场。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42242d1e289df1eada6b2e729dc143a7\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>MELI LTM GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>船舶LTM GMV。数据来源：公司备案</span></p></blockquote></p><p> MercadoLibre, Inc. has also been expanding rapidly. Its LTM GMV in H1'21 grew by 22% from the end of FY20. It seems to be slower than SE's gangbusters growth momentum. Notwithstanding, its quarterly YoY GMV growth in FQ2'21 reached 39.2%. Hence, MELI's incredible growth momentum doesn't seem to be slowing down. It demonstrates the massive growth opportunities in LatAm's e-commerce market.</p><p><blockquote>MercadoLibre公司也在迅速扩张。其21年上半年的LTM GMV较2020财年末增长了22%。这似乎比SE的强劲增长势头要慢。尽管如此，其21年第二季度的季度GMV同比增长仍达到39.2%。因此，MELI令人难以置信的增长势头似乎并没有放缓。它展示了拉丁美洲电子商务市场的巨大增长机会。</blockquote></p><p> <b>Sea Limited Understands Its Markets Well Through Garena</b></p><p><blockquote><b>Sea Limited通过Garena充分了解其市场</b></blockquote></p><p> Sea Limited understands LatAm very well through its Garena gaming segment. Its Free Fire (FF) mobile battle-royale game has benefited tremendously from the removal of Fortnite from both the App Store (AAPL) and Google Play (GOOGL) (GOOG). Fortnite has previously been a keen competitor against Garena. With its exclusion from Apple's and Google's apps ecosystem for at least the next five years all but confirmed, Free Fire dominance is here to stay. Investors who don't understand gaming development well often consider FF's success as also its biggest challenge. It thinks FF will be replaced easily by other gaming genres or other games. But, the truth is top-performing games are tough to displace. They become even more entrenched as their users base increase. The barriers to entry to oust the top games are highly challenging. Beyond just the users base, top-quality games development also requires a long lead time.</p><p><blockquote>Sea Limited通过其Garena游戏部门非常了解LatAm。其Free Fire(FF)移动大逃杀游戏从App Store(AAPL)和Google Play（GOOGL）(GOOG)中删除《堡垒之夜》中受益匪浅。堡垒之夜此前一直是加雷娜的激烈竞争对手。随着它至少在未来五年内被排除在苹果和谷歌的应用生态系统之外，Free Fire的主导地位将继续存在。不太了解游戏开发的投资者往往认为FF的成功也是其最大的挑战。它认为FF将很容易被其他游戏类型或其他游戏取代。但是，事实是顶级游戏很难被取代。随着用户群的增加，他们变得更加根深蒂固。驱逐顶级游戏的准入门槛极具挑战性。除了用户群，高质量的游戏开发还需要很长的准备时间。</blockquote></p><p> Sea Limited has often reminded investors that they think FF is still very early in its life cycle. Worldwide gaming leader Tencent (OTCPK:TCEHY) also emphasized the challenge in developing \"original IPs.\" Tencent emphasized:</p><p><blockquote>Sea Limited经常提醒投资者，他们认为FF仍处于生命周期的早期。全球游戏领导者腾讯控股（OTCPK：TCEHY）也强调了开发“原创IP”的挑战。腾讯控股强调：</blockquote></p><p>   Just one point to add, right. On the gaming side, I think you emphasized [the] point [of] new creation of IPs and true,  <i>is many years before you can see final product.</i>I think if you look at our recent pipeline of games, which we have announced of more than 40 of them, I think it's a combination, right?  <i>Some are original IPs, which would take a very long time to develop.</i>(from Tencent FQ1'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f35c785ce1b4e95696380aa9383423a4\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Mobile games with the highest IAP from January to September 2021. Data source: AppMagic</span></p><p><blockquote>只需补充一点，对吧。在游戏方面，我认为您强调了IP新创造的要点，<i>需要很多年才能看到最终产品。</i>我认为如果你看看我们最近的游戏管道，我们已经宣布了40多个，我认为这是一个组合，对吗？<i>有些是原创知识产权，需要很长时间来开发。</i>（来自腾讯控股21年第一季度收益看涨期权）<p class=\"t-img-caption\"><span>2021年1-9月IAP最高的手游。数据来源：AppMagic</span></p></blockquote></p><p> FF came in 8th in the ranking of mobile games with the highest in-app purchases (IAP) from January to September 2021. However, it's essential to consider that mobile games also have advertising revenue not covered in the IAP ranking.</p><p><blockquote>FF在2021年1月至9月应用内购买量（IAP）最高的手游排名中排名第8。然而，有必要考虑到手机游戏也有IAP排名中未涵盖的广告收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db273f87ece18ef3e95fd10a49e60e59\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena quarterly revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena季度收入。数据来源：公司备案</span></p></blockquote></p><p> Garena's revenue surpassed $1.8B in H1'21. Therefore, investors can quickly glean the immense monetization capability of Sea Limited's gaming segment. Notably, Free Fire is very strong in Google Play.</p><p><blockquote>Garena 21年上半年的收入超过$1.8 B。因此，投资者可以快速了解Sea Limited游戏部门巨大的货币化能力。值得注意的是，Free Fire在Google Play中非常强大。</blockquote></p><p> Based on statistics from Sensor Tower, FF ranked #3 in worldwide downloads in Q3'21. However, the large majority of it stemmed from Android users. The top three markets by downloads in Google Play have consistently been India, Brazil, and Indonesia. Therefore, investors can easily understand why Shopee is targeting LatAm so aggressively. Garena acts not just as a cash flow machine to sustain Shopee's aggressive expansion but also as a flywheel to extend its leadership. Sea Limited has astutely used Garena's leadership's growing influence and financial prowess to expand its ecosystem and sharpen its edge.</p><p><blockquote>根据Sensor Tower的统计数据，FF在21年第三季度的全球下载量中排名第三。然而，其中绝大多数来自Android用户。Google Play下载量排名前三的市场一直是印度、巴西和印度尼西亚。因此，投资者很容易理解为什么Shopee如此积极地瞄准LatAm。Garena不仅是维持Shopee积极扩张的现金流机器，也是扩大其领导地位的飞轮。Sea Limited敏锐地利用Garena领导层日益增长的影响力和财务实力来扩大其生态系统并增强其优势。</blockquote></p><p> Sensor Tower also highlighted that FF was the highest-grossing shooter game in Q3'21 worldwide. It easily outperformed Call of Duty: Mobile (ATVI) and Tencent's PUBG Mobile.</p><p><blockquote>Sensor Tower还强调，FF是21年第三季度全球票房最高的射击游戏。它的表现轻松超越了《看涨期权：移动版》（ATVI）和腾讯控股的PUBG Mobile。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b839c373c6a45c5688b429a8ce803760\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena Average revenue per active user. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena每个活跃用户的平均收入。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65e29f1027db894305ea59c0c24ad996\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena average revenue per paying user. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena每个付费用户的平均收入。数据来源：公司备案</span></p></blockquote></p><p></p><p> We think investors who are bearish on Garena's prospects don't understand its monetization capabilities and opportunities well. As Garena exceeded $1B in its quarterly revenue, it has also improved its average revenue per user (both paying and active) remarkably. Thus, we can observe a consistent trend of enhanced monetization. Notably, the opportunities to monetize users who are not paying are tremendous. On a per active user basis, its average revenue was just $1.41 in FQ2'21. However, the figure jumped to $11.11 on a per-paying user basis. Therefore, there are massive growth opportunities just by converting users into paying users.</p><p><blockquote>我们认为看空Garena前景的投资者并不太了解其货币化能力和机会。随着Garena的季度收入超过10亿美元，它的每用户平均收入（包括付费用户和活跃用户）也显着提高。因此，我们可以观察到货币化增强的一致趋势。值得注意的是，将不付费的用户货币化的机会是巨大的。按每个活跃用户计算，其21年第二季度的平均收入仅为1.41美元。然而，按每位付费用户计算，这一数字跃升至11.11美元。因此，仅仅是将用户转化为付费用户，就有海量的增长机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a6778158bd4b839472d4755318891fb\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena paying users ratio. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena付费用户比例。数据来源：公司备案</span></p></blockquote></p><p> That's precisely what Garena has been doing. The company has been consistently converting its non-paying users into paying ones. As a result, its paying users' ratio reached 12.7% at the latest FQ. We think the best is yet to come for Sea Limited's massive cash cow. There are still plenty of opportunities for Garena to milk its ever-popular FF game.</p><p><blockquote>这正是加雷娜一直在做的。该公司一直在将非付费用户转化为付费用户。因此，其付费用户比例在最新的FQ中达到了12.7%。我们认为Sea Limited的巨大摇钱树的最佳时机尚未到来。Garena仍然有很多机会利用其广受欢迎的FF游戏。</blockquote></p><p> <b>So, is Sea Stock a Buy Now?</b></p><p><blockquote><b>那么，Sea股票现在值得买入吗？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/146f95a386f24736b4f64df978686494\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Sea stock EV/NTM Rev valuation trend.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea股票EV/NTM Rev估值趋势。</span></p></blockquote></p><p> Sea Stock is currently trading at an EV/NTM Rev of 16.2x. Compared to its 1Y mean of 15.9x, Sea stock may seem to be fairly valued now. Our members in the service have also added Sea stock at the recent September/October retracement. We saw the opportunity to add SE stock at a reasonable margin of safety. Therefore, our members already have a decent buffer from its current price as of now. If readers choose to add SE stock now, you should understand that you are adding it at fair value. Therefore, you might not have the margin of safety that we often espouse for high-growth stocks.</p><p><blockquote>Sea股票目前的EV/NTM Rev为16.2倍。与15.9倍的1年平均值相比，Sea股票现在的估值似乎相当合理。我们的服务成员还在最近的9月/10月回调中添加了Sea股票。我们看到了在合理的安全边际下增加SE股票的机会。因此，截至目前，我们的会员已经从当前价格中获得了不错的缓冲。如果读者现在选择添加SE股票，您应该明白您是以公允价值添加的。因此，您可能没有我们通常支持高增长股票的安全边际。</blockquote></p><p> Nevertheless, we are still optimistic about SE's long-term growth potential and<i>will rate the stock at Buy</i>.</p><p><blockquote>尽管如此，我们仍然看好SE的长期增长潜力和<i>将该股评级为买入</i>.</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Spreading Its E-Commerce Tentacles<blockquote>Sea Limited：展开电商触角</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\">\nSea Limited: Spreading Its E-Commerce Tentacles<blockquote>Sea Limited：展开电商触角</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-10-25 09:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Sea Limited is the preeminent Internet company headquartered in Singapore. It has posted gangbusters growth over the past couple of years.</li>  <li>The company continues to sharpen its edge in mobile gaming. It has also penetrated more markets beyond Southeast Asia.</li>  <li>We discuss whether Sea stock still presents a reasonable opportunity to add for investors now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81d7d3e514cf6dfea7d8e68541eec1ca\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"><span>franckreporter/E+ via Getty Images</span></p><p><blockquote><ul><li>Sea Limited是总部位于新加坡的卓越互联网公司。在过去的几年里，它取得了巨大的增长。</li><li>该公司继续增强其在移动游戏领域的优势。它还渗透到了东南亚以外的更多市场。</li><li>我们讨论Sea股票现在是否仍然为投资者提供合理的增持机会。</li></ul><p class=\"t-img-caption\"><span>franckreporter/E+来自盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Sea Limited (SE) is one of the highest conviction holdings in our growth portfolio. SE stock is one of those stocks that we have consistently added on significant dips previously. It has been a phenomenal outperformer for us over the last couple of years. We have never pared down our holdings and also added the stock at appropriate times.</p><p><blockquote>Sea Limited(SE)是我们增长投资组合中最有信心的持股之一。SE股票是我们之前在大幅下跌时持续增持的股票之一。在过去的几年里，它对我们来说表现出色。我们从未减持过股票，也会在适当的时候增持股票。</blockquote></p><p> We have also covered the stock extensively. For investors who are new to Sea Limited, you can refer to our recent articles for a deeper dive:</p><p><blockquote>我们还广泛报道了该股票。对于刚接触Sea Limited的投资者，您可以参考我们最近的文章进行更深入的了解：</blockquote></p><p> <ul>  <li>Is Sea Limited Stock A Good Buy For The Long-Term?</li>  <li>MercadoLibre Vs. Sea Limited: Southeast Asia's Finest Takes On LatAm's E-Commerce Behemoth</li>  <li>Sea Limited: Don't Underrate Garena's Tremendous Potential</li> </ul> Without a doubt, Sea Limited does not qualify as a stock for value investors. The stock is trading at a premium valuation. It still reports negative last-twelve-months (LTM) GAAP EBITDA margins despite its massive growth. Some investors can argue that much of its valuation is predicated on its ability to execute its revenue growth excellently.</p><p><blockquote><ul><li>从长远来看，Sea Limited股票值得买入吗？</li><li>MercadoLibre与Sea Limited：东南亚最优秀的公司迎战拉美电子商务巨头</li><li>Sea Limited：不要低估Garena的巨大潜力</li></ul>毫无疑问，Sea Limited不符合价值投资者的股票资格。该股的交易估值溢价。尽管增长巨大，但该公司过去12个月(LTM)的GAAP EBITDA利润率仍为负。一些投资者可能会说，其估值很大程度上取决于其出色实现收入增长的能力。</blockquote></p><p> Recently, its e-commerce arm, Shopee, expanded further on its penetration into LatAm. We also discussed previously how Shopee's penetration into MercadoLibre's (MELI) home ground has been shaping up. We thought its&nbsp;recent $6.3B capital raise&nbsp;was to help drive its aggressive growth into LatAm mainly. However, the company has other ideas. Shopee recently announced its forays into several key e-commerce markets. These include India, France, Spain, and Poland. These have also been important markets for Amazon (AMZN) and Alibaba (BABA). But, Sea Limited is never afraid of competing against strong incumbents. It unseated Lazada (BABA) on its way to claiming the throne in Southeast Asia. It has also been driving hard against MELI in LatAm.</p><p><blockquote>最近，其电子商务部门Shopee进一步扩大了对拉丁美洲的渗透。我们之前还讨论了Shopee如何渗透到MercadoLibre(MELI)的大本营。我们认为其最近的6.3 B美元融资主要是为了帮助推动其在拉丁美洲的积极增长。然而，该公司还有其他想法。Shopee最近宣布进军几个主要电子商务市场。这些国家包括印度、法国、西班牙和波兰。这些也是亚马逊（AMZN）和阿里巴巴-SW（BABA）的重要市场。但是，Sea Limited从不害怕与强大的现有企业竞争。它在Lazada（阿里巴巴）夺取东南亚王位的过程中取代了它。它还在拉丁美洲与MELI展开了激烈的竞争。</blockquote></p><p> We discuss whether SE stock is a buy as it spreads its dominance across the world.</p><p><blockquote>我们讨论SE股票在全球范围内传播其主导地位时是否值得买入。</blockquote></p><p> <b>SE Stock YTD Performance</b></p><p><blockquote><b>SE股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/612df62f4da522d7951f2b26c3013573\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>SE stock YTD performance (as of 22 October 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票年初至今表现（截至21年10月22日）。</span></p></blockquote></p><p> SE stock has been on a phenomenal run in 2021 so far. It also suffered from the growth-to-value rotation earlier in the year. However, those dips proved to be transitory, as its upward momentum recovered swiftly. Ever since its last significant dip in May, the stock's momentum has been on a tear. The other minor dips have also proven to be opportunities for investors to add its stock. At the moment, its YTD return has reached 78.5%. It also easily outperformed its peers and the market. SE stock has proven to be an incredible winner against its more prominent peers.</p><p><blockquote>到目前为止，SE股票在2021年一直表现出色。今年早些时候，它还遭受了增长到价值的轮动。然而，这些下跌被证明是暂时的，因为其上升势头迅速恢复。自5月份上次大幅下跌以来，该股的势头一直在强劲。事实证明，其他小幅下跌也是投资者增持其股票的机会。目前，其年初至今回报率已达到78.5%。它的表现也轻松跑赢了同行和市场。事实证明，与更著名的同行相比，SE股票是令人难以置信的赢家。</blockquote></p><p> <b>Taking Account of Shopee's Aggressive Expansion</b></p><p><blockquote><b>考虑到Shopee的积极扩张</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0a42178971462228baa427dd13e8a50\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Shopee quarterly GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Shopee季度GMV。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a17b899e6e0ed296f07a8cd67524d8f6\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Shopee LTM GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>虾皮LTM GMV。数据来源：公司备案</span></p></blockquote></p><p> Shopee has grown its gross merchandise value (GMV) very aggressively over the past year. At the end of 2020, it posted a GMV of $35.4B. By the end of H1'21, Shopee's LTM GMV reached $48.8B. Thus, its LTM GMV increased by an incredible 37.9% over 2 quarters. However, in our previous article (published on 13 August), we noted that Southeast Asia's top-6 countries' e-commerce GMV for 2020 was estimated at $62B. We also explained that even though the region is estimated to grow by a CAGR of 22.6% by 2025, its largest market, Indonesia, is estimated to experience slower growth. Indonesia's e-commerce market is estimated to grow by a CAGR of 19.1% through 2024.</p><p><blockquote>Shopee的商品总值(GMV)在过去一年中大幅增长。截至2020年底，其GMV为$354亿B。截至21年上半年末，Shopee的LTM GMV达到$488亿B。因此，其LTM GMV在两个季度内增长了令人难以置信的37.9%。然而，在我们之前的文章（8月13日发布）中，我们注意到2020年东南亚前6名国家的电子商务GMV估计为620亿美元。我们还解释说，尽管该地区预计到2025年复合年增长率为22.6%，但其最大的市场印度尼西亚预计将经历较慢的增长。预计到2024年，印度尼西亚的电子商务市场将以19.1%的复合年增长率增长。</blockquote></p><p> In contrast, LatAm is still expected to experience tremendous growth. Its e-commerce market is expected to grow by a CAGR of 28.1% through 2024, with Brazil and Mexico as the region's most important growth markets.</p><p><blockquote>相比之下，拉丁美洲预计仍将经历巨大的增长。到2024年，其电子商务市场预计将以28.1%的复合年增长率增长，其中巴西和墨西哥是该地区最重要的增长市场。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42242d1e289df1eada6b2e729dc143a7\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>MELI LTM GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>船舶LTM GMV。数据来源：公司备案</span></p></blockquote></p><p> MercadoLibre, Inc. has also been expanding rapidly. Its LTM GMV in H1'21 grew by 22% from the end of FY20. It seems to be slower than SE's gangbusters growth momentum. Notwithstanding, its quarterly YoY GMV growth in FQ2'21 reached 39.2%. Hence, MELI's incredible growth momentum doesn't seem to be slowing down. It demonstrates the massive growth opportunities in LatAm's e-commerce market.</p><p><blockquote>MercadoLibre公司也在迅速扩张。其21年上半年的LTM GMV较2020财年末增长了22%。这似乎比SE的强劲增长势头要慢。尽管如此，其21年第二季度的季度GMV同比增长仍达到39.2%。因此，MELI令人难以置信的增长势头似乎并没有放缓。它展示了拉丁美洲电子商务市场的巨大增长机会。</blockquote></p><p> <b>Sea Limited Understands Its Markets Well Through Garena</b></p><p><blockquote><b>Sea Limited通过Garena充分了解其市场</b></blockquote></p><p> Sea Limited understands LatAm very well through its Garena gaming segment. Its Free Fire (FF) mobile battle-royale game has benefited tremendously from the removal of Fortnite from both the App Store (AAPL) and Google Play (GOOGL) (GOOG). Fortnite has previously been a keen competitor against Garena. With its exclusion from Apple's and Google's apps ecosystem for at least the next five years all but confirmed, Free Fire dominance is here to stay. Investors who don't understand gaming development well often consider FF's success as also its biggest challenge. It thinks FF will be replaced easily by other gaming genres or other games. But, the truth is top-performing games are tough to displace. They become even more entrenched as their users base increase. The barriers to entry to oust the top games are highly challenging. Beyond just the users base, top-quality games development also requires a long lead time.</p><p><blockquote>Sea Limited通过其Garena游戏部门非常了解LatAm。其Free Fire(FF)移动大逃杀游戏从App Store(AAPL)和Google Play（GOOGL）(GOOG)中删除《堡垒之夜》中受益匪浅。堡垒之夜此前一直是加雷娜的激烈竞争对手。随着它至少在未来五年内被排除在苹果和谷歌的应用生态系统之外，Free Fire的主导地位将继续存在。不太了解游戏开发的投资者往往认为FF的成功也是其最大的挑战。它认为FF将很容易被其他游戏类型或其他游戏取代。但是，事实是顶级游戏很难被取代。随着用户群的增加，他们变得更加根深蒂固。驱逐顶级游戏的准入门槛极具挑战性。除了用户群，高质量的游戏开发还需要很长的准备时间。</blockquote></p><p> Sea Limited has often reminded investors that they think FF is still very early in its life cycle. Worldwide gaming leader Tencent (OTCPK:TCEHY) also emphasized the challenge in developing \"original IPs.\" Tencent emphasized:</p><p><blockquote>Sea Limited经常提醒投资者，他们认为FF仍处于生命周期的早期。全球游戏领导者腾讯控股（OTCPK：TCEHY）也强调了开发“原创IP”的挑战。腾讯控股强调：</blockquote></p><p>   Just one point to add, right. On the gaming side, I think you emphasized [the] point [of] new creation of IPs and true,  <i>is many years before you can see final product.</i>I think if you look at our recent pipeline of games, which we have announced of more than 40 of them, I think it's a combination, right?  <i>Some are original IPs, which would take a very long time to develop.</i>(from Tencent FQ1'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f35c785ce1b4e95696380aa9383423a4\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Mobile games with the highest IAP from January to September 2021. Data source: AppMagic</span></p><p><blockquote>只需补充一点，对吧。在游戏方面，我认为您强调了IP新创造的要点，<i>需要很多年才能看到最终产品。</i>我认为如果你看看我们最近的游戏管道，我们已经宣布了40多个，我认为这是一个组合，对吗？<i>有些是原创知识产权，需要很长时间来开发。</i>（来自腾讯控股21年第一季度收益看涨期权）<p class=\"t-img-caption\"><span>2021年1-9月IAP最高的手游。数据来源：AppMagic</span></p></blockquote></p><p> FF came in 8th in the ranking of mobile games with the highest in-app purchases (IAP) from January to September 2021. However, it's essential to consider that mobile games also have advertising revenue not covered in the IAP ranking.</p><p><blockquote>FF在2021年1月至9月应用内购买量（IAP）最高的手游排名中排名第8。然而，有必要考虑到手机游戏也有IAP排名中未涵盖的广告收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db273f87ece18ef3e95fd10a49e60e59\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena quarterly revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena季度收入。数据来源：公司备案</span></p></blockquote></p><p> Garena's revenue surpassed $1.8B in H1'21. Therefore, investors can quickly glean the immense monetization capability of Sea Limited's gaming segment. Notably, Free Fire is very strong in Google Play.</p><p><blockquote>Garena 21年上半年的收入超过$1.8 B。因此，投资者可以快速了解Sea Limited游戏部门巨大的货币化能力。值得注意的是，Free Fire在Google Play中非常强大。</blockquote></p><p> Based on statistics from Sensor Tower, FF ranked #3 in worldwide downloads in Q3'21. However, the large majority of it stemmed from Android users. The top three markets by downloads in Google Play have consistently been India, Brazil, and Indonesia. Therefore, investors can easily understand why Shopee is targeting LatAm so aggressively. Garena acts not just as a cash flow machine to sustain Shopee's aggressive expansion but also as a flywheel to extend its leadership. Sea Limited has astutely used Garena's leadership's growing influence and financial prowess to expand its ecosystem and sharpen its edge.</p><p><blockquote>根据Sensor Tower的统计数据，FF在21年第三季度的全球下载量中排名第三。然而，其中绝大多数来自Android用户。Google Play下载量排名前三的市场一直是印度、巴西和印度尼西亚。因此，投资者很容易理解为什么Shopee如此积极地瞄准LatAm。Garena不仅是维持Shopee积极扩张的现金流机器，也是扩大其领导地位的飞轮。Sea Limited敏锐地利用Garena领导层日益增长的影响力和财务实力来扩大其生态系统并增强其优势。</blockquote></p><p> Sensor Tower also highlighted that FF was the highest-grossing shooter game in Q3'21 worldwide. It easily outperformed Call of Duty: Mobile (ATVI) and Tencent's PUBG Mobile.</p><p><blockquote>Sensor Tower还强调，FF是21年第三季度全球票房最高的射击游戏。它的表现轻松超越了《看涨期权：移动版》（ATVI）和腾讯控股的PUBG Mobile。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b839c373c6a45c5688b429a8ce803760\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena Average revenue per active user. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena每个活跃用户的平均收入。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65e29f1027db894305ea59c0c24ad996\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena average revenue per paying user. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena每个付费用户的平均收入。数据来源：公司备案</span></p></blockquote></p><p></p><p> We think investors who are bearish on Garena's prospects don't understand its monetization capabilities and opportunities well. As Garena exceeded $1B in its quarterly revenue, it has also improved its average revenue per user (both paying and active) remarkably. Thus, we can observe a consistent trend of enhanced monetization. Notably, the opportunities to monetize users who are not paying are tremendous. On a per active user basis, its average revenue was just $1.41 in FQ2'21. However, the figure jumped to $11.11 on a per-paying user basis. Therefore, there are massive growth opportunities just by converting users into paying users.</p><p><blockquote>我们认为看空Garena前景的投资者并不太了解其货币化能力和机会。随着Garena的季度收入超过10亿美元，它的每用户平均收入（包括付费用户和活跃用户）也显着提高。因此，我们可以观察到货币化增强的一致趋势。值得注意的是，将不付费的用户货币化的机会是巨大的。按每个活跃用户计算，其21年第二季度的平均收入仅为1.41美元。然而，按每位付费用户计算，这一数字跃升至11.11美元。因此，仅仅是将用户转化为付费用户，就有海量的增长机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a6778158bd4b839472d4755318891fb\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Garena paying users ratio. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Garena付费用户比例。数据来源：公司备案</span></p></blockquote></p><p> That's precisely what Garena has been doing. The company has been consistently converting its non-paying users into paying ones. As a result, its paying users' ratio reached 12.7% at the latest FQ. We think the best is yet to come for Sea Limited's massive cash cow. There are still plenty of opportunities for Garena to milk its ever-popular FF game.</p><p><blockquote>这正是加雷娜一直在做的。该公司一直在将非付费用户转化为付费用户。因此，其付费用户比例在最新的FQ中达到了12.7%。我们认为Sea Limited的巨大摇钱树的最佳时机尚未到来。Garena仍然有很多机会利用其广受欢迎的FF游戏。</blockquote></p><p> <b>So, is Sea Stock a Buy Now?</b></p><p><blockquote><b>那么，Sea股票现在值得买入吗？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/146f95a386f24736b4f64df978686494\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Sea stock EV/NTM Rev valuation trend.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea股票EV/NTM Rev估值趋势。</span></p></blockquote></p><p> Sea Stock is currently trading at an EV/NTM Rev of 16.2x. Compared to its 1Y mean of 15.9x, Sea stock may seem to be fairly valued now. Our members in the service have also added Sea stock at the recent September/October retracement. We saw the opportunity to add SE stock at a reasonable margin of safety. Therefore, our members already have a decent buffer from its current price as of now. If readers choose to add SE stock now, you should understand that you are adding it at fair value. Therefore, you might not have the margin of safety that we often espouse for high-growth stocks.</p><p><blockquote>Sea股票目前的EV/NTM Rev为16.2倍。与15.9倍的1年平均值相比，Sea股票现在的估值似乎相当合理。我们的服务成员还在最近的9月/10月回调中添加了Sea股票。我们看到了在合理的安全边际下增加SE股票的机会。因此，截至目前，我们的会员已经从当前价格中获得了不错的缓冲。如果读者现在选择添加SE股票，您应该明白您是以公允价值添加的。因此，您可能没有我们通常支持高增长股票的安全边际。</blockquote></p><p> Nevertheless, we are still optimistic about SE's long-term growth potential and<i>will rate the stock at Buy</i>.</p><p><blockquote>尽管如此，我们仍然看好SE的长期增长潜力和<i>将该股评级为买入</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4461692-sea-limited-spreading-its-e-commerce-tentacles-is-sea-stock-a-buy\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4461692-sea-limited-spreading-its-e-commerce-tentacles-is-sea-stock-a-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108996887","content_text":"Summary\n\nSea Limited is the preeminent Internet company headquartered in Singapore. It has posted gangbusters growth over the past couple of years.\nThe company continues to sharpen its edge in mobile gaming. It has also penetrated more markets beyond Southeast Asia.\nWe discuss whether Sea stock still presents a reasonable opportunity to add for investors now.\n\nfranckreporter/E+ via Getty Images\nInvestment Thesis\nSea Limited (SE) is one of the highest conviction holdings in our growth portfolio. SE stock is one of those stocks that we have consistently added on significant dips previously. It has been a phenomenal outperformer for us over the last couple of years. We have never pared down our holdings and also added the stock at appropriate times.\nWe have also covered the stock extensively. For investors who are new to Sea Limited, you can refer to our recent articles for a deeper dive:\n\nIs Sea Limited Stock A Good Buy For The Long-Term?\nMercadoLibre Vs. Sea Limited: Southeast Asia's Finest Takes On LatAm's E-Commerce Behemoth\nSea Limited: Don't Underrate Garena's Tremendous Potential\n\nWithout a doubt, Sea Limited does not qualify as a stock for value investors. The stock is trading at a premium valuation. It still reports negative last-twelve-months (LTM) GAAP EBITDA margins despite its massive growth. Some investors can argue that much of its valuation is predicated on its ability to execute its revenue growth excellently.\nRecently, its e-commerce arm, Shopee, expanded further on its penetration into LatAm. We also discussed previously how Shopee's penetration into MercadoLibre's (MELI) home ground has been shaping up. We thought its recent $6.3B capital raise was to help drive its aggressive growth into LatAm mainly. However, the company has other ideas. Shopee recently announced its forays into several key e-commerce markets. These include India, France, Spain, and Poland. These have also been important markets for Amazon (AMZN) and Alibaba (BABA). But, Sea Limited is never afraid of competing against strong incumbents. It unseated Lazada (BABA) on its way to claiming the throne in Southeast Asia. It has also been driving hard against MELI in LatAm.\nWe discuss whether SE stock is a buy as it spreads its dominance across the world.\nSE Stock YTD Performance\nSE stock YTD performance (as of 22 October 21).\nSE stock has been on a phenomenal run in 2021 so far. It also suffered from the growth-to-value rotation earlier in the year. However, those dips proved to be transitory, as its upward momentum recovered swiftly. Ever since its last significant dip in May, the stock's momentum has been on a tear. The other minor dips have also proven to be opportunities for investors to add its stock. At the moment, its YTD return has reached 78.5%. It also easily outperformed its peers and the market. SE stock has proven to be an incredible winner against its more prominent peers.\nTaking Account of Shopee's Aggressive Expansion\nShopee quarterly GMV. Data source: Company filings\nShopee LTM GMV. Data source: Company filings\nShopee has grown its gross merchandise value (GMV) very aggressively over the past year. At the end of 2020, it posted a GMV of $35.4B. By the end of H1'21, Shopee's LTM GMV reached $48.8B. Thus, its LTM GMV increased by an incredible 37.9% over 2 quarters. However, in our previous article (published on 13 August), we noted that Southeast Asia's top-6 countries' e-commerce GMV for 2020 was estimated at $62B. We also explained that even though the region is estimated to grow by a CAGR of 22.6% by 2025, its largest market, Indonesia, is estimated to experience slower growth. Indonesia's e-commerce market is estimated to grow by a CAGR of 19.1% through 2024.\nIn contrast, LatAm is still expected to experience tremendous growth. Its e-commerce market is expected to grow by a CAGR of 28.1% through 2024, with Brazil and Mexico as the region's most important growth markets.\nMELI LTM GMV. Data source: Company filings\nMercadoLibre, Inc. has also been expanding rapidly. Its LTM GMV in H1'21 grew by 22% from the end of FY20. It seems to be slower than SE's gangbusters growth momentum. Notwithstanding, its quarterly YoY GMV growth in FQ2'21 reached 39.2%. Hence, MELI's incredible growth momentum doesn't seem to be slowing down. It demonstrates the massive growth opportunities in LatAm's e-commerce market.\nSea Limited Understands Its Markets Well Through Garena\nSea Limited understands LatAm very well through its Garena gaming segment. Its Free Fire (FF) mobile battle-royale game has benefited tremendously from the removal of Fortnite from both the App Store (AAPL) and Google Play (GOOGL) (GOOG). Fortnite has previously been a keen competitor against Garena. With its exclusion from Apple's and Google's apps ecosystem for at least the next five years all but confirmed, Free Fire dominance is here to stay. Investors who don't understand gaming development well often consider FF's success as also its biggest challenge. It thinks FF will be replaced easily by other gaming genres or other games. But, the truth is top-performing games are tough to displace. They become even more entrenched as their users base increase. The barriers to entry to oust the top games are highly challenging. Beyond just the users base, top-quality games development also requires a long lead time.\nSea Limited has often reminded investors that they think FF is still very early in its life cycle. Worldwide gaming leader Tencent (OTCPK:TCEHY) also emphasized the challenge in developing \"original IPs.\" Tencent emphasized:\n\n Just one point to add, right. On the gaming side, I think you emphasized [the] point [of] new creation of IPs and true,\n is many years before you can see final product.I think if you look at our recent pipeline of games, which we have announced of more than 40 of them, I think it's a combination, right?\n Some are original IPs, which would take a very long time to develop.(from Tencent FQ1'21 earnings call)\n\nMobile games with the highest IAP from January to September 2021. Data source: AppMagic\nFF came in 8th in the ranking of mobile games with the highest in-app purchases (IAP) from January to September 2021. However, it's essential to consider that mobile games also have advertising revenue not covered in the IAP ranking.\nGarena quarterly revenue. Data source: Company filings\nGarena's revenue surpassed $1.8B in H1'21. Therefore, investors can quickly glean the immense monetization capability of Sea Limited's gaming segment. Notably, Free Fire is very strong in Google Play.\nBased on statistics from Sensor Tower, FF ranked #3 in worldwide downloads in Q3'21. However, the large majority of it stemmed from Android users. The top three markets by downloads in Google Play have consistently been India, Brazil, and Indonesia. Therefore, investors can easily understand why Shopee is targeting LatAm so aggressively. Garena acts not just as a cash flow machine to sustain Shopee's aggressive expansion but also as a flywheel to extend its leadership. Sea Limited has astutely used Garena's leadership's growing influence and financial prowess to expand its ecosystem and sharpen its edge.\nSensor Tower also highlighted that FF was the highest-grossing shooter game in Q3'21 worldwide. It easily outperformed Call of Duty: Mobile (ATVI) and Tencent's PUBG Mobile.\nGarena Average revenue per active user. Data source: Company filings\nGarena average revenue per paying user. Data source: Company filings\nWe think investors who are bearish on Garena's prospects don't understand its monetization capabilities and opportunities well. As Garena exceeded $1B in its quarterly revenue, it has also improved its average revenue per user (both paying and active) remarkably. Thus, we can observe a consistent trend of enhanced monetization. Notably, the opportunities to monetize users who are not paying are tremendous. On a per active user basis, its average revenue was just $1.41 in FQ2'21. However, the figure jumped to $11.11 on a per-paying user basis. Therefore, there are massive growth opportunities just by converting users into paying users.\nGarena paying users ratio. Data source: Company filings\nThat's precisely what Garena has been doing. The company has been consistently converting its non-paying users into paying ones. As a result, its paying users' ratio reached 12.7% at the latest FQ. We think the best is yet to come for Sea Limited's massive cash cow. There are still plenty of opportunities for Garena to milk its ever-popular FF game.\nSo, is Sea Stock a Buy Now?\nSea stock EV/NTM Rev valuation trend.\nSea Stock is currently trading at an EV/NTM Rev of 16.2x. Compared to its 1Y mean of 15.9x, Sea stock may seem to be fairly valued now. Our members in the service have also added Sea stock at the recent September/October retracement. We saw the opportunity to add SE stock at a reasonable margin of safety. Therefore, our members already have a decent buffer from its current price as of now. If readers choose to add SE stock now, you should understand that you are adding it at fair value. Therefore, you might not have the margin of safety that we often espouse for high-growth stocks.\nNevertheless, we are still optimistic about SE's long-term growth potential andwill rate the stock at Buy.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853602531,"gmtCreate":1634795347519,"gmtModify":1634795501381,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/853602531","repostId":"1132338087","repostType":4,"repost":{"id":"1132338087","kind":"news","pubTimestamp":1634787362,"share":"https://www.laohu8.com/m/news/1132338087?lang=zh_CN&edition=full","pubTime":"2021-10-21 11:36","market":"us","language":"en","title":"Tesla’s earnings show is more cautious — and yes, boring — without Elon around<blockquote>没有埃隆在场，特斯拉的财报更加谨慎——是的，也很无聊——</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132338087","media":"MarketWatch","summary":"Tesla Inc. was more cautious Wednesday in both its shareholder letter and its conference call, its f","content":"<p>Tesla Inc. was more cautious Wednesday in both its shareholder letter and its conference call, its first since Chief Executive Elon Musk bowed out of the quarterly earnings show, and it may have cost the stock.</p><p><blockquote>特斯拉周三在股东信和电话会议中都表现得更加谨慎，这是自首席执行官Elon Musk退出季度财报以来的首次，这可能导致该股损失。</blockquote></p><p> The electric-vehicle maker reported record third-quarter earnings and revenue Wednesday, but shares still declined 1.6% in after-hours trading. Tesla disclosed that chip shortages, port congestion and other supply-chain issues were hurting its ability to make as many cars as it could sell, and toned down its forecasts language. Tesla’s revenue of $13.8 billion came in a bit shy of analysts’ estimates of $14 billion.</p><p><blockquote>这家电动汽车制造商周三公布了创纪录的第三季度盈利和收入，但盘后交易中股价仍下跌1.6%。特斯拉透露，芯片短缺、港口拥堵和其他供应链问题正在损害其尽可能多地生产汽车的能力，并淡化了预测语言。特斯拉138亿美元的营收略低于分析师预期的140亿美元。</blockquote></p><p> Tesla also removed a clause that had led investors to believe 2021 would be an outlier growth year, when it stated previously: “In some years it may grow faster, which we expect to be the case in 2021.”</p><p><blockquote>特斯拉还删除了一项导致投资者认为2021年将是异常增长的一年的条款，该公司此前曾表示：“在某些年份，它可能会增长更快，我们预计2021年的情况就是如此。”</blockquote></p><p> “It’s important to note while we have roughly doubled deliveries year to date, this has been exceptionally difficult to achieve,” said Tesla&nbsp;Chief Financial Officer Zachary Kirkhorn, who took over as the main executive in Tesla’s earnings call after Musk bowed out last quarter.</p><p><blockquote>特斯拉首席财务官扎卡里·柯克霍恩(Zachary Kirkhorn)表示：“值得注意的是，虽然今年迄今为止我们的交付量大约翻了一番，但这非常难以实现。”上个季度马斯克退出后，他接任了特斯拉盈利看涨期权的主要高管。</blockquote></p><p> When asked by investors what the company’s goal was for production capacity, Kirkhorn said Tesla seeks to increase growth by 50%, but wisely couched that goal in a way that Musk rarely does.</p><p><blockquote>当被投资者问及公司的产能目标是什么时，柯克霍恩表示，特斯拉寻求将增长提高50%，但明智地以马斯克很少这样做的方式表达了这一目标。</blockquote></p><p> “There may be some periods of time which we’re ahead of that. There could be some periods of time despite our best efforts where we’re slightly lower than that,” he said. “But that remains the long-term goal of the company.”</p><p><blockquote>“可能会有一些时期我们领先于此。尽管我们尽了最大努力，但也可能会有一些时期略低于此水平，”他说。“但这仍然是公司的长期目标。”</blockquote></p><p> Gone from the quarterly call were the often outlandish predictions by Musk, such as his infamous prediction for 1 million Teslas as self-driving robotaxis in 2020 and his forecasts for production targets that were frequently missed.</p><p><blockquote>马斯克经常古怪的预测从季度看涨期权中消失了，例如他臭名昭著的2020年将有100万辆特斯拉作为自动驾驶机器人出租车的预测，以及他对经常被错过的生产目标的预测。</blockquote></p><p> Instead, the more staid call, with what seemed like a few more questions from Wall Street analysts, included more discussion of operating margins, but it also included comments on some small changes to the CyberTruck, and a statement that Tesla is looking to launch it late next year. When asked about the increased regulatory scrutiny of “Full Self-Driving” mode, Kirkhorn said there are regulatory inquiries all the time, and followed up with some bland corporate speak: “We expect and embrace the scrutiny of the products and know the truth about their performance and innovations our products have will ultimately be all that matters.”</p><p><blockquote>相反，华尔街分析师似乎又问了几个问题，其中包括更多关于营业利润率的讨论，但也包括对CyberTruck的一些小变化的评论，以及特斯拉正在寻求推出的声明明年年底。当被问及监管机构对“全自动驾驶”模式加强审查时，柯克霍恩表示，监管机构一直在询问，并随后发表了一些平淡的企业言论：“我们期待并接受对产品的审查，并了解真相关于我们产品的性能和创新最终将是最重要的。”</blockquote></p><p> Tesla also did not give specific revenue guidance for this year.</p><p><blockquote>特斯拉也没有给出今年具体的营收指引。</blockquote></p><p> Investors seemed to be disappointed with the company’s manufacturing constraints or the more staid nature of the comments. In after-hours trading, shares of Tesla slipped about $14, or nearly 2%, as the call continued on. While they are likely better off without the often fantastic pronouncements and over-promising comments by the controversial Musk, investors definitely felt his absence today.</p><p><blockquote>投资者似乎对该公司的制造限制或评论更古板的性质感到失望。在盘后交易中，随着看涨期权的持续，特斯拉股价下跌约14美元，跌幅近2%。虽然如果没有备受争议的马斯克经常发表精彩的声明和过度承诺的评论，他们的情况可能会更好，但投资者今天肯定感受到了他的缺席。</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>Tesla’s earnings show is more cautious — and yes, boring — without Elon around<blockquote>没有埃隆在场，特斯拉的财报更加谨慎——是的，也很无聊——</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\">\nTesla’s earnings show is more cautious — and yes, boring — without Elon around<blockquote>没有埃隆在场，特斯拉的财报更加谨慎——是的，也很无聊——</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-21 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla Inc. was more cautious Wednesday in both its shareholder letter and its conference call, its first since Chief Executive Elon Musk bowed out of the quarterly earnings show, and it may have cost the stock.</p><p><blockquote>特斯拉周三在股东信和电话会议中都表现得更加谨慎，这是自首席执行官Elon Musk退出季度财报以来的首次，这可能导致该股损失。</blockquote></p><p> The electric-vehicle maker reported record third-quarter earnings and revenue Wednesday, but shares still declined 1.6% in after-hours trading. Tesla disclosed that chip shortages, port congestion and other supply-chain issues were hurting its ability to make as many cars as it could sell, and toned down its forecasts language. Tesla’s revenue of $13.8 billion came in a bit shy of analysts’ estimates of $14 billion.</p><p><blockquote>这家电动汽车制造商周三公布了创纪录的第三季度盈利和收入，但盘后交易中股价仍下跌1.6%。特斯拉透露，芯片短缺、港口拥堵和其他供应链问题正在损害其尽可能多地生产汽车的能力，并淡化了预测语言。特斯拉138亿美元的营收略低于分析师预期的140亿美元。</blockquote></p><p> Tesla also removed a clause that had led investors to believe 2021 would be an outlier growth year, when it stated previously: “In some years it may grow faster, which we expect to be the case in 2021.”</p><p><blockquote>特斯拉还删除了一项导致投资者认为2021年将是异常增长的一年的条款，该公司此前曾表示：“在某些年份，它可能会增长更快，我们预计2021年的情况就是如此。”</blockquote></p><p> “It’s important to note while we have roughly doubled deliveries year to date, this has been exceptionally difficult to achieve,” said Tesla&nbsp;Chief Financial Officer Zachary Kirkhorn, who took over as the main executive in Tesla’s earnings call after Musk bowed out last quarter.</p><p><blockquote>特斯拉首席财务官扎卡里·柯克霍恩(Zachary Kirkhorn)表示：“值得注意的是，虽然今年迄今为止我们的交付量大约翻了一番，但这非常难以实现。”上个季度马斯克退出后，他接任了特斯拉盈利看涨期权的主要高管。</blockquote></p><p> When asked by investors what the company’s goal was for production capacity, Kirkhorn said Tesla seeks to increase growth by 50%, but wisely couched that goal in a way that Musk rarely does.</p><p><blockquote>当被投资者问及公司的产能目标是什么时，柯克霍恩表示，特斯拉寻求将增长提高50%，但明智地以马斯克很少这样做的方式表达了这一目标。</blockquote></p><p> “There may be some periods of time which we’re ahead of that. There could be some periods of time despite our best efforts where we’re slightly lower than that,” he said. “But that remains the long-term goal of the company.”</p><p><blockquote>“可能会有一些时期我们领先于此。尽管我们尽了最大努力，但也可能会有一些时期略低于此水平，”他说。“但这仍然是公司的长期目标。”</blockquote></p><p> Gone from the quarterly call were the often outlandish predictions by Musk, such as his infamous prediction for 1 million Teslas as self-driving robotaxis in 2020 and his forecasts for production targets that were frequently missed.</p><p><blockquote>马斯克经常古怪的预测从季度看涨期权中消失了，例如他臭名昭著的2020年将有100万辆特斯拉作为自动驾驶机器人出租车的预测，以及他对经常被错过的生产目标的预测。</blockquote></p><p> Instead, the more staid call, with what seemed like a few more questions from Wall Street analysts, included more discussion of operating margins, but it also included comments on some small changes to the CyberTruck, and a statement that Tesla is looking to launch it late next year. When asked about the increased regulatory scrutiny of “Full Self-Driving” mode, Kirkhorn said there are regulatory inquiries all the time, and followed up with some bland corporate speak: “We expect and embrace the scrutiny of the products and know the truth about their performance and innovations our products have will ultimately be all that matters.”</p><p><blockquote>相反，华尔街分析师似乎又问了几个问题，其中包括更多关于营业利润率的讨论，但也包括对CyberTruck的一些小变化的评论，以及特斯拉正在寻求推出的声明明年年底。当被问及监管机构对“全自动驾驶”模式加强审查时，柯克霍恩表示，监管机构一直在询问，并随后发表了一些平淡的企业言论：“我们期待并接受对产品的审查，并了解真相关于我们产品的性能和创新最终将是最重要的。”</blockquote></p><p> Tesla also did not give specific revenue guidance for this year.</p><p><blockquote>特斯拉也没有给出今年具体的营收指引。</blockquote></p><p> Investors seemed to be disappointed with the company’s manufacturing constraints or the more staid nature of the comments. In after-hours trading, shares of Tesla slipped about $14, or nearly 2%, as the call continued on. While they are likely better off without the often fantastic pronouncements and over-promising comments by the controversial Musk, investors definitely felt his absence today.</p><p><blockquote>投资者似乎对该公司的制造限制或评论更古板的性质感到失望。在盘后交易中，随着看涨期权的持续，特斯拉股价下跌约14美元，跌幅近2%。虽然如果没有备受争议的马斯克经常发表精彩的声明和过度承诺的评论，他们的情况可能会更好，但投资者今天肯定感受到了他的缺席。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/teslas-earnings-show-is-more-cautious-and-yes-boring-without-elon-around-11634779650?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":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/teslas-earnings-show-is-more-cautious-and-yes-boring-without-elon-around-11634779650?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132338087","content_text":"Tesla Inc. was more cautious Wednesday in both its shareholder letter and its conference call, its first since Chief Executive Elon Musk bowed out of the quarterly earnings show, and it may have cost the stock.\nThe electric-vehicle maker reported record third-quarter earnings and revenue Wednesday, but shares still declined 1.6% in after-hours trading. Tesla disclosed that chip shortages, port congestion and other supply-chain issues were hurting its ability to make as many cars as it could sell, and toned down its forecasts language. Tesla’s revenue of $13.8 billion came in a bit shy of analysts’ estimates of $14 billion.\nTesla also removed a clause that had led investors to believe 2021 would be an outlier growth year, when it stated previously: “In some years it may grow faster, which we expect to be the case in 2021.”\n“It’s important to note while we have roughly doubled deliveries year to date, this has been exceptionally difficult to achieve,” said Tesla Chief Financial Officer Zachary Kirkhorn, who took over as the main executive in Tesla’s earnings call after Musk bowed out last quarter.\nWhen asked by investors what the company’s goal was for production capacity, Kirkhorn said Tesla seeks to increase growth by 50%, but wisely couched that goal in a way that Musk rarely does.\n“There may be some periods of time which we’re ahead of that. There could be some periods of time despite our best efforts where we’re slightly lower than that,” he said. “But that remains the long-term goal of the company.”\nGone from the quarterly call were the often outlandish predictions by Musk, such as his infamous prediction for 1 million Teslas as self-driving robotaxis in 2020 and his forecasts for production targets that were frequently missed.\nInstead, the more staid call, with what seemed like a few more questions from Wall Street analysts, included more discussion of operating margins, but it also included comments on some small changes to the CyberTruck, and a statement that Tesla is looking to launch it late next year. When asked about the increased regulatory scrutiny of “Full Self-Driving” mode, Kirkhorn said there are regulatory inquiries all the time, and followed up with some bland corporate speak: “We expect and embrace the scrutiny of the products and know the truth about their performance and innovations our products have will ultimately be all that matters.”\nTesla also did not give specific revenue guidance for this year.\nInvestors seemed to be disappointed with the company’s manufacturing constraints or the more staid nature of the comments. In after-hours trading, shares of Tesla slipped about $14, or nearly 2%, as the call continued on. While they are likely better off without the often fantastic pronouncements and over-promising comments by the controversial Musk, investors definitely felt his absence today.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859370552,"gmtCreate":1634659553609,"gmtModify":1634659553883,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/859370552","repostId":"1113211293","repostType":4,"isVote":1,"tweetType":1,"viewCount":819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850883265,"gmtCreate":1634571018203,"gmtModify":1634571018460,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850883265","repostId":"2175146758","repostType":2,"isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825662821,"gmtCreate":1634222378613,"gmtModify":1634222378684,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Snap...","listText":"Snap...","text":"Snap...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/825662821","repostId":"1190838949","repostType":4,"repost":{"id":"1190838949","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":1634221403,"share":"https://www.laohu8.com/m/news/1190838949?lang=zh_CN&edition=full","pubTime":"2021-10-14 22:23","market":"us","language":"en","title":"Plug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190838949","media":"Tiger Newspress","summary":"In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc. pulled back 4.5% in m","content":"<p>In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc.&nbsp;pulled back 4.5% in morning trading, putting them on track to snap a seven-day win streak, after the after the hydrogen and fuel-cell systems company unveiled some highlights of its much-anticipated annual Symposium. The stock had soared 12.8% on Wednesday,after a Morgan Stanley upgrade, and had soared 38% over the past seven days. The company said it now expects 2022 sales of $825 million to $850 million, which is above the FactSet consensus of $759.7 million. Plug also established 2025 sales guidance of $3 billion, which compares with the current FactSet consensus of $2.22 billion. Among other highlights, Plug said it was partnering with Fortescue Future Industries to form a 50-50 joint venture to build a gigafactory in Australia, entered into an agreement to buy liquified hydrogen transportation company Cryo Technologies and confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025. The stock has run up 21.0% over the past three months, while the S&amp;P 500&nbsp;has gained 1.1%.</p><p><blockquote>在一个明显的买谣言，卖新闻的案例中，普拉格能源公司的股价在早盘交易中下跌了4.5%，使其有望在氢和燃料电池系统公司公布了其备受期待的年度研讨会的一些亮点。摩根士丹利上调评级后，该股周三飙升12.8%，过去7天飙升38%。该公司表示，目前预计2022年销售额为8.25亿美元至8.5亿美元，高于FactSet预期的7.597亿美元。Plug还将2025年销售指引定为30亿美元，而FactSet目前的共识为22.2亿美元。在其他亮点中，Plug表示，它正在与Fortescue Future Industries合作，组建一家50-50的合资企业，在澳大利亚建造一座超级工厂，签订了收购液化氢运输公司Cryo Technologies的协议，并确认了到2025年底每天生产500吨液态绿色氢的计划。该股过去三个月上涨了21.0%，而标普500则上涨了1.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e6739025ca0506c36f68525a8a659af\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</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\">\nPlug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</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\">2021-10-14 22:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc.&nbsp;pulled back 4.5% in morning trading, putting them on track to snap a seven-day win streak, after the after the hydrogen and fuel-cell systems company unveiled some highlights of its much-anticipated annual Symposium. The stock had soared 12.8% on Wednesday,after a Morgan Stanley upgrade, and had soared 38% over the past seven days. The company said it now expects 2022 sales of $825 million to $850 million, which is above the FactSet consensus of $759.7 million. Plug also established 2025 sales guidance of $3 billion, which compares with the current FactSet consensus of $2.22 billion. Among other highlights, Plug said it was partnering with Fortescue Future Industries to form a 50-50 joint venture to build a gigafactory in Australia, entered into an agreement to buy liquified hydrogen transportation company Cryo Technologies and confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025. The stock has run up 21.0% over the past three months, while the S&amp;P 500&nbsp;has gained 1.1%.</p><p><blockquote>在一个明显的买谣言，卖新闻的案例中，普拉格能源公司的股价在早盘交易中下跌了4.5%，使其有望在氢和燃料电池系统公司公布了其备受期待的年度研讨会的一些亮点。摩根士丹利上调评级后，该股周三飙升12.8%，过去7天飙升38%。该公司表示，目前预计2022年销售额为8.25亿美元至8.5亿美元，高于FactSet预期的7.597亿美元。Plug还将2025年销售指引定为30亿美元，而FactSet目前的共识为22.2亿美元。在其他亮点中，Plug表示，它正在与Fortescue Future Industries合作，组建一家50-50的合资企业，在澳大利亚建造一座超级工厂，签订了收购液化氢运输公司Cryo Technologies的协议，并确认了到2025年底每天生产500吨液态绿色氢的计划。该股过去三个月上涨了21.0%，而标普500则上涨了1.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e6739025ca0506c36f68525a8a659af\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190838949","content_text":"In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc. pulled back 4.5% in morning trading, putting them on track to snap a seven-day win streak, after the after the hydrogen and fuel-cell systems company unveiled some highlights of its much-anticipated annual Symposium. The stock had soared 12.8% on Wednesday,after a Morgan Stanley upgrade, and had soared 38% over the past seven days. The company said it now expects 2022 sales of $825 million to $850 million, which is above the FactSet consensus of $759.7 million. Plug also established 2025 sales guidance of $3 billion, which compares with the current FactSet consensus of $2.22 billion. Among other highlights, Plug said it was partnering with Fortescue Future Industries to form a 50-50 joint venture to build a gigafactory in Australia, entered into an agreement to buy liquified hydrogen transportation company Cryo Technologies and confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025. The stock has run up 21.0% over the past three months, while the S&P 500 has gained 1.1%.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828599867,"gmtCreate":1633921254782,"gmtModify":1633921254849,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Fly!!!","listText":"Fly!!!","text":"Fly!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/828599867","repostId":"1143168499","repostType":4,"repost":{"id":"1143168499","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":1633919503,"share":"https://www.laohu8.com/m/news/1143168499?lang=zh_CN&edition=full","pubTime":"2021-10-11 10:31","market":"sg","language":"en","title":"Singapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143168499","media":"Tiger Newspress","summary":"SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel l","content":"<p>SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel lanes for vaccinated individuals from more countries,&nbsp;despite tightening rules for the unvaccinated.</p><p><blockquote>新加坡股市周一开盘走高，因为该共和国宣布将为来自更多国家的接种疫苗的个人开放旅行通道，尽管对未接种疫苗的人收紧了规定。</blockquote></p><p> Singapore Airlines&nbsp;was also actively traded, with 5.1 million shares worth S$27.9 million changing hands. The counter jumped&nbsp;8.38%&nbsp;to S$5.56.</p><p><blockquote>新加坡航空也交投活跃，换手510万股，价值2790万新元。该股股价上涨8.38%，至5.56新元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d505007cdebdf08df7bd687485879d1a\" tg-width=\"877\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Saturday, Singapore announced that it would&nbsp;expand its Vaccinated Travel Lane scheme&nbsp;to an additional nine countries, allowing fully vaccinated travellers from Singapore and these nations to enjoy quarantine-free travel both ways.</p><p><blockquote>周六，新加坡宣布将其疫苗接种旅行通道计划扩大到另外九个国家，允许来自新加坡和这些国家的完全接种疫苗的旅行者享受双向免检疫旅行。</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>Singapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</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\">\nSingapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</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\">2021-10-11 10:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel lanes for vaccinated individuals from more countries,&nbsp;despite tightening rules for the unvaccinated.</p><p><blockquote>新加坡股市周一开盘走高，因为该共和国宣布将为来自更多国家的接种疫苗的个人开放旅行通道，尽管对未接种疫苗的人收紧了规定。</blockquote></p><p> Singapore Airlines&nbsp;was also actively traded, with 5.1 million shares worth S$27.9 million changing hands. The counter jumped&nbsp;8.38%&nbsp;to S$5.56.</p><p><blockquote>新加坡航空也交投活跃，换手510万股，价值2790万新元。该股股价上涨8.38%，至5.56新元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d505007cdebdf08df7bd687485879d1a\" tg-width=\"877\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Saturday, Singapore announced that it would&nbsp;expand its Vaccinated Travel Lane scheme&nbsp;to an additional nine countries, allowing fully vaccinated travellers from Singapore and these nations to enjoy quarantine-free travel both ways.</p><p><blockquote>周六，新加坡宣布将其疫苗接种旅行通道计划扩大到另外九个国家，允许来自新加坡和这些国家的完全接种疫苗的旅行者享受双向免检疫旅行。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143168499","content_text":"SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel lanes for vaccinated individuals from more countries, despite tightening rules for the unvaccinated.\nSingapore Airlines was also actively traded, with 5.1 million shares worth S$27.9 million changing hands. The counter jumped 8.38% to S$5.56.\n\nOn Saturday, Singapore announced that it would expand its Vaccinated Travel Lane scheme to an additional nine countries, allowing fully vaccinated travellers from Singapore and these nations to enjoy quarantine-free travel both ways.","news_type":1,"symbols_score_info":{"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823968515,"gmtCreate":1633572274690,"gmtModify":1633572274871,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Yay...","listText":"Yay...","text":"Yay...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/823968515","repostId":"1129967418","repostType":4,"isVote":1,"tweetType":1,"viewCount":1416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864151186,"gmtCreate":1633077205225,"gmtModify":1633082604770,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>https://www.laohu8.com/m/news/2172680952?lang=en_US&amp;invite=JBX3R0","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>https://www.laohu8.com/m/news/2172680952?lang=en_US&amp;invite=JBX3R0","text":"$XPeng Inc.(XPEV)$https://www.laohu8.com/m/news/2172680952?lang=en_US&invite=JBX3R0","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/864151186","isVote":1,"tweetType":1,"viewCount":755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":871649742,"gmtCreate":1637068937203,"gmtModify":1637068937481,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"BMW","listText":"BMW","text":"BMW","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/871649742","repostId":"1104411586","repostType":4,"repost":{"id":"1104411586","kind":"news","pubTimestamp":1637068540,"share":"https://www.laohu8.com/m/news/1104411586?lang=zh_CN&edition=full","pubTime":"2021-11-16 21:15","market":"us","language":"en","title":"BMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104411586","media":"Reuters","summary":"BMW's October sales came in better than expected and November sales are off to a good start, the car","content":"<p>BMW's&nbsp;October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach the upper end of its 9.5% to 10.5% automotive profit forecast this year.</p><p><blockquote>宝马首席财务官周二表示，宝马10月份的销量好于预期，11月份的销量也有了一个良好的开端，并补充说，他预计该公司今年将达到9.5%至10.5%的汽车利润预期上限。</blockquote></p><p> Such margins were unlikely to last, though easing supply chain bottlenecks for semiconductor chips in the second half of 2022 could still boost growth, Chief Financial Officer Nicolas Peter said at a roundtable with journalists in Frankfurt.</p><p><blockquote>首席财务官尼古拉斯·彼得(Nicolas Peter)在法兰克福与记者举行的圆桌会议上表示，尽管2022年下半年半导体芯片供应链瓶颈的缓解仍可能促进增长，但这种利润率不太可能持续下去。</blockquote></p><p> \"I would be disappointed if we failed to reach the upper end of our current margin target,\" Peter said.</p><p><blockquote>“如果我们未能达到当前利润率目标的上限，我会感到失望，”彼得说。</blockquote></p><p> The company expects electric vehicle sales to at least double in 2022 and plans increase the prices for all its new cars by an average of 1%, the CFO said.</p><p><blockquote>首席财务官表示，该公司预计2022年电动汽车销量将至少翻一番，并计划将所有新车的价格平均提高1%。</blockquote></p><p> He added BMW had already secured battery cell supply until 2025 and is negotiating with manufacturers about contracts for the second half of the decade.</p><p><blockquote>他补充说，宝马已经确保了2025年之前的电池供应，并正在与制造商就本十年后五年的合同进行谈判。</blockquote></p><p> He also said BMW's planned increase of its stake in China joint venture BMW Brilliance to 75% from 50% should take place in the first quarter of 2022, when the country drops the rule blocking foreign ownership of more than 50% of local companies.</p><p><blockquote>他还表示，宝马计划在2022年第一季度将其在中国合资企业华晨宝马的股份从50%增加到75%，届时中国将取消禁止外资持股超过50%的本土公司的规定。</blockquote></p><p> In early November, the German automaker reported a 42.4% increase in third-quarter net profits to 2.58 billion euros ($2.93 billion) as strong electric vehicle sales and higher prices offset lower deliveries amid chip supply issues.</p><p><blockquote>11月初，这家德国汽车制造商公布第三季度净利润增长42.4%，达到25.8亿欧元（29.3亿美元），原因是电动汽车销售强劲和价格上涨抵消了芯片供应问题导致的交付量下降。</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>BMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</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\">\nBMW fourth quarter off to good start, sees double-digit 2021 margins - CFO<blockquote>宝马第四季度开局良好，预计2021年利润率将达到两位数——首席财务官</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-16 21:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>BMW's&nbsp;October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach the upper end of its 9.5% to 10.5% automotive profit forecast this year.</p><p><blockquote>宝马首席财务官周二表示，宝马10月份的销量好于预期，11月份的销量也有了一个良好的开端，并补充说，他预计该公司今年将达到9.5%至10.5%的汽车利润预期上限。</blockquote></p><p> Such margins were unlikely to last, though easing supply chain bottlenecks for semiconductor chips in the second half of 2022 could still boost growth, Chief Financial Officer Nicolas Peter said at a roundtable with journalists in Frankfurt.</p><p><blockquote>首席财务官尼古拉斯·彼得(Nicolas Peter)在法兰克福与记者举行的圆桌会议上表示，尽管2022年下半年半导体芯片供应链瓶颈的缓解仍可能促进增长，但这种利润率不太可能持续下去。</blockquote></p><p> \"I would be disappointed if we failed to reach the upper end of our current margin target,\" Peter said.</p><p><blockquote>“如果我们未能达到当前利润率目标的上限，我会感到失望，”彼得说。</blockquote></p><p> The company expects electric vehicle sales to at least double in 2022 and plans increase the prices for all its new cars by an average of 1%, the CFO said.</p><p><blockquote>首席财务官表示，该公司预计2022年电动汽车销量将至少翻一番，并计划将所有新车的价格平均提高1%。</blockquote></p><p> He added BMW had already secured battery cell supply until 2025 and is negotiating with manufacturers about contracts for the second half of the decade.</p><p><blockquote>他补充说，宝马已经确保了2025年之前的电池供应，并正在与制造商就本十年后五年的合同进行谈判。</blockquote></p><p> He also said BMW's planned increase of its stake in China joint venture BMW Brilliance to 75% from 50% should take place in the first quarter of 2022, when the country drops the rule blocking foreign ownership of more than 50% of local companies.</p><p><blockquote>他还表示，宝马计划在2022年第一季度将其在中国合资企业华晨宝马的股份从50%增加到75%，届时中国将取消禁止外资持股超过50%的本土公司的规定。</blockquote></p><p> In early November, the German automaker reported a 42.4% increase in third-quarter net profits to 2.58 billion euros ($2.93 billion) as strong electric vehicle sales and higher prices offset lower deliveries amid chip supply issues.</p><p><blockquote>11月初，这家德国汽车制造商公布第三季度净利润增长42.4%，达到25.8亿欧元（29.3亿美元），原因是电动汽车销售强劲和价格上涨抵消了芯片供应问题导致的交付量下降。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/autos-transportation/bmw-fourth-quarter-off-good-start-sees-double-digit-2021-margins-cfo-2021-11-16/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BMWYY":"宝马汽车"},"source_url":"https://www.reuters.com/business/autos-transportation/bmw-fourth-quarter-off-good-start-sees-double-digit-2021-margins-cfo-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104411586","content_text":"BMW's October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach the upper end of its 9.5% to 10.5% automotive profit forecast this year.\nSuch margins were unlikely to last, though easing supply chain bottlenecks for semiconductor chips in the second half of 2022 could still boost growth, Chief Financial Officer Nicolas Peter said at a roundtable with journalists in Frankfurt.\n\"I would be disappointed if we failed to reach the upper end of our current margin target,\" Peter said.\nThe company expects electric vehicle sales to at least double in 2022 and plans increase the prices for all its new cars by an average of 1%, the CFO said.\nHe added BMW had already secured battery cell supply until 2025 and is negotiating with manufacturers about contracts for the second half of the decade.\nHe also said BMW's planned increase of its stake in China joint venture BMW Brilliance to 75% from 50% should take place in the first quarter of 2022, when the country drops the rule blocking foreign ownership of more than 50% of local companies.\nIn early November, the German automaker reported a 42.4% increase in third-quarter net profits to 2.58 billion euros ($2.93 billion) as strong electric vehicle sales and higher prices offset lower deliveries amid chip supply issues.","news_type":1,"symbols_score_info":{"BMWYY":0.9}},"isVote":1,"tweetType":1,"viewCount":2433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825662821,"gmtCreate":1634222378613,"gmtModify":1634222378684,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Snap...","listText":"Snap...","text":"Snap...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/825662821","repostId":"1190838949","repostType":4,"repost":{"id":"1190838949","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":1634221403,"share":"https://www.laohu8.com/m/news/1190838949?lang=zh_CN&edition=full","pubTime":"2021-10-14 22:23","market":"us","language":"en","title":"Plug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190838949","media":"Tiger Newspress","summary":"In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc. pulled back 4.5% in m","content":"<p>In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc.&nbsp;pulled back 4.5% in morning trading, putting them on track to snap a seven-day win streak, after the after the hydrogen and fuel-cell systems company unveiled some highlights of its much-anticipated annual Symposium. The stock had soared 12.8% on Wednesday,after a Morgan Stanley upgrade, and had soared 38% over the past seven days. The company said it now expects 2022 sales of $825 million to $850 million, which is above the FactSet consensus of $759.7 million. Plug also established 2025 sales guidance of $3 billion, which compares with the current FactSet consensus of $2.22 billion. Among other highlights, Plug said it was partnering with Fortescue Future Industries to form a 50-50 joint venture to build a gigafactory in Australia, entered into an agreement to buy liquified hydrogen transportation company Cryo Technologies and confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025. The stock has run up 21.0% over the past three months, while the S&amp;P 500&nbsp;has gained 1.1%.</p><p><blockquote>在一个明显的买谣言，卖新闻的案例中，普拉格能源公司的股价在早盘交易中下跌了4.5%，使其有望在氢和燃料电池系统公司公布了其备受期待的年度研讨会的一些亮点。摩根士丹利上调评级后，该股周三飙升12.8%，过去7天飙升38%。该公司表示，目前预计2022年销售额为8.25亿美元至8.5亿美元，高于FactSet预期的7.597亿美元。Plug还将2025年销售指引定为30亿美元，而FactSet目前的共识为22.2亿美元。在其他亮点中，Plug表示，它正在与Fortescue Future Industries合作，组建一家50-50的合资企业，在澳大利亚建造一座超级工厂，签订了收购液化氢运输公司Cryo Technologies的协议，并确认了到2025年底每天生产500吨液态绿色氢的计划。该股过去三个月上涨了21.0%，而标普500则上涨了1.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e6739025ca0506c36f68525a8a659af\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</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\">\nPlug Power's stock pulls back to snap long win streak after unveiling highlights of annual Symposium<blockquote>在公布年度研讨会亮点后，普拉格能源股价回落至snap长期连胜</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\">2021-10-14 22:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc.&nbsp;pulled back 4.5% in morning trading, putting them on track to snap a seven-day win streak, after the after the hydrogen and fuel-cell systems company unveiled some highlights of its much-anticipated annual Symposium. The stock had soared 12.8% on Wednesday,after a Morgan Stanley upgrade, and had soared 38% over the past seven days. The company said it now expects 2022 sales of $825 million to $850 million, which is above the FactSet consensus of $759.7 million. Plug also established 2025 sales guidance of $3 billion, which compares with the current FactSet consensus of $2.22 billion. Among other highlights, Plug said it was partnering with Fortescue Future Industries to form a 50-50 joint venture to build a gigafactory in Australia, entered into an agreement to buy liquified hydrogen transportation company Cryo Technologies and confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025. The stock has run up 21.0% over the past three months, while the S&amp;P 500&nbsp;has gained 1.1%.</p><p><blockquote>在一个明显的买谣言，卖新闻的案例中，普拉格能源公司的股价在早盘交易中下跌了4.5%，使其有望在氢和燃料电池系统公司公布了其备受期待的年度研讨会的一些亮点。摩根士丹利上调评级后，该股周三飙升12.8%，过去7天飙升38%。该公司表示，目前预计2022年销售额为8.25亿美元至8.5亿美元，高于FactSet预期的7.597亿美元。Plug还将2025年销售指引定为30亿美元，而FactSet目前的共识为22.2亿美元。在其他亮点中，Plug表示，它正在与Fortescue Future Industries合作，组建一家50-50的合资企业，在澳大利亚建造一座超级工厂，签订了收购液化氢运输公司Cryo Technologies的协议，并确认了到2025年底每天生产500吨液态绿色氢的计划。该股过去三个月上涨了21.0%，而标普500则上涨了1.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e6739025ca0506c36f68525a8a659af\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190838949","content_text":"In an apparent case of buy the rumor, sell the news, shares of Plug Power Inc. pulled back 4.5% in morning trading, putting them on track to snap a seven-day win streak, after the after the hydrogen and fuel-cell systems company unveiled some highlights of its much-anticipated annual Symposium. The stock had soared 12.8% on Wednesday,after a Morgan Stanley upgrade, and had soared 38% over the past seven days. The company said it now expects 2022 sales of $825 million to $850 million, which is above the FactSet consensus of $759.7 million. Plug also established 2025 sales guidance of $3 billion, which compares with the current FactSet consensus of $2.22 billion. Among other highlights, Plug said it was partnering with Fortescue Future Industries to form a 50-50 joint venture to build a gigafactory in Australia, entered into an agreement to buy liquified hydrogen transportation company Cryo Technologies and confirmed plans to generate 500 tons per day of liquid green hydrogen by the end of 2025. The stock has run up 21.0% over the past three months, while the S&P 500 has gained 1.1%.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828599867,"gmtCreate":1633921254782,"gmtModify":1633921254849,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Fly!!!","listText":"Fly!!!","text":"Fly!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/828599867","repostId":"1143168499","repostType":4,"repost":{"id":"1143168499","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":1633919503,"share":"https://www.laohu8.com/m/news/1143168499?lang=zh_CN&edition=full","pubTime":"2021-10-11 10:31","market":"sg","language":"en","title":"Singapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143168499","media":"Tiger Newspress","summary":"SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel l","content":"<p>SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel lanes for vaccinated individuals from more countries,&nbsp;despite tightening rules for the unvaccinated.</p><p><blockquote>新加坡股市周一开盘走高，因为该共和国宣布将为来自更多国家的接种疫苗的个人开放旅行通道，尽管对未接种疫苗的人收紧了规定。</blockquote></p><p> Singapore Airlines&nbsp;was also actively traded, with 5.1 million shares worth S$27.9 million changing hands. The counter jumped&nbsp;8.38%&nbsp;to S$5.56.</p><p><blockquote>新加坡航空也交投活跃，换手510万股，价值2790万新元。该股股价上涨8.38%，至5.56新元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d505007cdebdf08df7bd687485879d1a\" tg-width=\"877\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Saturday, Singapore announced that it would&nbsp;expand its Vaccinated Travel Lane scheme&nbsp;to an additional nine countries, allowing fully vaccinated travellers from Singapore and these nations to enjoy quarantine-free travel both ways.</p><p><blockquote>周六，新加坡宣布将其疫苗接种旅行通道计划扩大到另外九个国家，允许来自新加坡和这些国家的完全接种疫苗的旅行者享受双向免检疫旅行。</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>Singapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</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\">\nSingapore Airlines shares rose more than 8% in morning trading<blockquote>新加坡航空股价早盘上涨逾8%</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\">2021-10-11 10:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel lanes for vaccinated individuals from more countries,&nbsp;despite tightening rules for the unvaccinated.</p><p><blockquote>新加坡股市周一开盘走高，因为该共和国宣布将为来自更多国家的接种疫苗的个人开放旅行通道，尽管对未接种疫苗的人收紧了规定。</blockquote></p><p> Singapore Airlines&nbsp;was also actively traded, with 5.1 million shares worth S$27.9 million changing hands. The counter jumped&nbsp;8.38%&nbsp;to S$5.56.</p><p><blockquote>新加坡航空也交投活跃，换手510万股，价值2790万新元。该股股价上涨8.38%，至5.56新元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d505007cdebdf08df7bd687485879d1a\" tg-width=\"877\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Saturday, Singapore announced that it would&nbsp;expand its Vaccinated Travel Lane scheme&nbsp;to an additional nine countries, allowing fully vaccinated travellers from Singapore and these nations to enjoy quarantine-free travel both ways.</p><p><blockquote>周六，新加坡宣布将其疫苗接种旅行通道计划扩大到另外九个国家，允许来自新加坡和这些国家的完全接种疫苗的旅行者享受双向免检疫旅行。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143168499","content_text":"SINGAPORE shares started the week higher on Monday, as the Republic announced it would open travel lanes for vaccinated individuals from more countries, despite tightening rules for the unvaccinated.\nSingapore Airlines was also actively traded, with 5.1 million shares worth S$27.9 million changing hands. The counter jumped 8.38% to S$5.56.\n\nOn Saturday, Singapore announced that it would expand its Vaccinated Travel Lane scheme to an additional nine countries, allowing fully vaccinated travellers from Singapore and these nations to enjoy quarantine-free travel both ways.","news_type":1,"symbols_score_info":{"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871706140,"gmtCreate":1637109883138,"gmtModify":1637109883402,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"Go Singapore!","listText":"Go Singapore!","text":"Go Singapore!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/871706140","repostId":"1126829465","repostType":4,"repost":{"id":"1126829465","kind":"news","pubTimestamp":1637108959,"share":"https://www.laohu8.com/m/news/1126829465?lang=zh_CN&edition=full","pubTime":"2021-11-17 08:29","market":"sg","language":"en","title":"Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126829465","media":"Nasdaq","summary":"(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through","content":"<p>(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.</p><p><blockquote>（RTTNews）——新加坡股市在过去四个交易日中涨跌互现，此前连续两天下跌超过30点或1%。海峡时报指数目前略低于3,240点的高位，尽管周三可能会再次走高。</blockquote></p><p> The global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p><blockquote>由于稳健的经济数据和科技股的支持，全球对亚洲市场的预测是乐观的。欧洲市场涨跌互现，美国股市上涨，亚洲市场似乎分担了这一差异。</blockquote></p><p> The STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.</p><p><blockquote>由于金融股和工业股表现好坏参半，海指周二收盘小幅走低。</blockquote></p><p> For the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.</p><p><blockquote>当天，该指数在3,230.96至3,246.25之间交易后，下跌1.78点或0.05%，收于3,238.80点。成交量为15.8亿股，价值11.7亿新元。上涨261家，下跌200家。</blockquote></p><p> Among the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.</p><p><blockquote>活跃股中，Ascendas REIT下跌0.65%，City Developments上涨0.28%，Comfort DelGro上涨0.67%，Dairy Farm International下跌0.89%，DBS Group下跌0.47%，云顶新加坡上涨1.21%，丰树物流信托上涨1.02%，华侨银行上涨0.08%，新航和胜科工业均上涨0.49%，新加坡航空上涨0.19%，新加坡交易所下跌0.53%，新加坡报业控股飙升1.72%，新加坡科技工程上涨0.26%，新加坡饮料飙升1.38%，大华银行下跌0.14%，丰益国际下跌0.23%，吉宝企业、丰树商业信托、凯德综合商业信托和UOL集团持平。</blockquote></p><p> The lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.</p><p><blockquote>华尔街的领先是积极的，主要股指周二开盘走高，并在整个交易日保持绿色。</blockquote></p><p> The Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&amp;P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.</p><p><blockquote>道琼斯指数上涨54.77点，涨幅0.15%，收于36,142.22点；纳斯达克上涨120.01点，涨幅0.76%，收于15,973.86点；标普500上涨18.10点，涨幅0.39%，收于4,700.90点。</blockquote></p><p> The strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.</p><p><blockquote>华尔街的走强反映了对一些乐观的美国经济数据的积极反应，包括商务部报告显示10月份零售额飙升超过预期。</blockquote></p><p> The Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.</p><p><blockquote>美联储还发布报告显示，10月工业生产反弹幅度远超预期。</blockquote></p><p> Crude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.</p><p><blockquote>原油期货周二收低，受国际能源署预测全球原油产量将上升并有助于缓解供应紧张的情况打压。西德克萨斯中质原油12月期货收跌0.12美元或0.2%，报每桶80.76美元。</blockquote></p><p> Closer to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.</p><p><blockquote>言归正传，新加坡将于今天上午晚些时候公布10月份非石油国内出口数据，预测显示环比增长0.4%，同比增长15.0%，此前环比增长1.2%，同比增长12.3%。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</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\">\nRebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-11-17 08:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.</p><p><blockquote>（RTTNews）——新加坡股市在过去四个交易日中涨跌互现，此前连续两天下跌超过30点或1%。海峡时报指数目前略低于3,240点的高位，尽管周三可能会再次走高。</blockquote></p><p> The global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p><blockquote>由于稳健的经济数据和科技股的支持，全球对亚洲市场的预测是乐观的。欧洲市场涨跌互现，美国股市上涨，亚洲市场似乎分担了这一差异。</blockquote></p><p> The STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.</p><p><blockquote>由于金融股和工业股表现好坏参半，海指周二收盘小幅走低。</blockquote></p><p> For the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.</p><p><blockquote>当天，该指数在3,230.96至3,246.25之间交易后，下跌1.78点或0.05%，收于3,238.80点。成交量为15.8亿股，价值11.7亿新元。上涨261家，下跌200家。</blockquote></p><p> Among the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.</p><p><blockquote>活跃股中，Ascendas REIT下跌0.65%，City Developments上涨0.28%，Comfort DelGro上涨0.67%，Dairy Farm International下跌0.89%，DBS Group下跌0.47%，云顶新加坡上涨1.21%，丰树物流信托上涨1.02%，华侨银行上涨0.08%，新航和胜科工业均上涨0.49%，新加坡航空上涨0.19%，新加坡交易所下跌0.53%，新加坡报业控股飙升1.72%，新加坡科技工程上涨0.26%，新加坡饮料飙升1.38%，大华银行下跌0.14%，丰益国际下跌0.23%，吉宝企业、丰树商业信托、凯德综合商业信托和UOL集团持平。</blockquote></p><p> The lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.</p><p><blockquote>华尔街的领先是积极的，主要股指周二开盘走高，并在整个交易日保持绿色。</blockquote></p><p> The Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&amp;P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.</p><p><blockquote>道琼斯指数上涨54.77点，涨幅0.15%，收于36,142.22点；纳斯达克上涨120.01点，涨幅0.76%，收于15,973.86点；标普500上涨18.10点，涨幅0.39%，收于4,700.90点。</blockquote></p><p> The strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.</p><p><blockquote>华尔街的走强反映了对一些乐观的美国经济数据的积极反应，包括商务部报告显示10月份零售额飙升超过预期。</blockquote></p><p> The Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.</p><p><blockquote>美联储还发布报告显示，10月工业生产反弹幅度远超预期。</blockquote></p><p> Crude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.</p><p><blockquote>原油期货周二收低，受国际能源署预测全球原油产量将上升并有助于缓解供应紧张的情况打压。西德克萨斯中质原油12月期货收跌0.12美元或0.2%，报每桶80.76美元。</blockquote></p><p> Closer to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.</p><p><blockquote>言归正传，新加坡将于今天上午晚些时候公布10月份非石油国内出口数据，预测显示环比增长0.4%，同比增长15.0%，此前环比增长1.2%，同比增长12.3%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/rebound-predicted-for-singapore-stock-market\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.nasdaq.com/articles/rebound-predicted-for-singapore-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126829465","content_text":"(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.\nThe global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.\nThe STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.\nFor the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.\nAmong the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.\nThe lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.\nThe Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.\nThe strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.\nThe Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.\nCrude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.\nCloser to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880120149,"gmtCreate":1631025908981,"gmtModify":1631890228246,"author":{"id":"3582010679449465","authorId":"3582010679449465","name":"ym80","avatar":"https://static.tigerbbs.com/f75a7eda8cb8b79563386243750d3227","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582010679449465","idStr":"3582010679449465"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/880120149","repostId":"1130130857","repostType":4,"repost":{"id":"1130130857","kind":"news","pubTimestamp":1631007146,"share":"https://www.laohu8.com/m/news/1130130857?lang=zh_CN&edition=full","pubTime":"2021-09-07 17:32","market":"us","language":"en","title":"Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130130857","media":"Barron's","summary":"What a year this has been for the markets!Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and  a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnin","content":"<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&amp;P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.</p><p><blockquote>对于市场来说，这是多么美好的一年啊！在货币和财政刺激、经济和盈利增长以及（直到最近）疫情基本消退的推动下，标准普尔500股票指数已上涨20%，连续七个月上涨，并创下50多个高点。除此之外，去年市场从2020年3月的低点反弹了68%。</blockquote></p><p> Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.</p><p><blockquote>顺风依然存在，但逆风现在迫在眉睫，可能会减缓股市的上涨。刺激支出已经见顶，经济和企业盈利增长可能会在今年年底放缓。此外，美联储几乎承诺在未来几个月开始缩减债券购买规模，拜登政府也提议提高企业和个人税率。这些都不会让股价越来越贵的持有者满意。</blockquote></p><p> In other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”</p><p><blockquote>换句话说，要做好迎接波动性下跌的准备，这种冲突迫使巴菲特股票、债券和投资者。Nuveen全球股票首席投资官Saira Malik表示：“一切反弹都已经过去。”“这不会是一场急剧上升的经济浪潮，将所有船只从这里抬起。”</blockquote></p><p> That’s the general consensus among the six market strategists and chief investment officers whom<i>Barron’s</i>recently consulted. All see the S&amp;P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.</p><p><blockquote>这是六位市场策略师和首席投资官的普遍共识<i>巴伦周刊</i>最近咨询过。所有人都认为标普500将在周四收盘价4536点附近结束今年。他们的平均目标是：4585。</blockquote></p><p> Next year’s gains look muted, as well, relative to recent trends. The group expects the S&amp;P 500 to tack on another 6% in 2022, rising to about 4800.</p><p><blockquote>相对于最近的趋势，明年的涨幅看起来也很微弱。该集团预计2022年标普500将再增加6%，升至约4800。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb61c7b74b9b0f18a019afb4ac44ad59\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">With stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.</p><p><blockquote>由于股票交易价格约为来年预期收益的21倍，债券收益率很低，考虑通货膨胀后现金收益率低于零，投资者面临着艰难的资产配置决策。我们的市场观察人士建议关注“优质”投资，而不是提振快速增长的科技股、无增长的模因股和数字世界的狗狗币的“一切反弹”。在股票方面，这意味着拥有稳健的资产负债表、不断扩大的利润率以及充足且经常性的自由现金流的企业的股票。即使未来几个月平均指数表现不大，这些股票也可能会大放异彩。</blockquote></p><p> The stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.</p><p><blockquote>过去一年股市的大幅上涨是美联储的一份礼物，美联储向金融体系注入了大量资金，以避免新冠疫情造成的经济损失。自2020年3月以来，美联储每月购买总计1200亿美元的美国国债和抵押贷款支持证券，同时将基准联邦基金利率目标维持在0%至0.25%。这些举措压低了债券收益率，并推动投资者进入包括股票在内的风险较高的资产。</blockquote></p><p> Fed Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”</p><p><blockquote>美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>曾表示，央行可能会在未来几个季度的某个时候开始逐步减少或缩减紧急资产购买，此举可能会扰乱各类风险资产。摩根士丹利(Morgan Stanley)首席投资官兼首席美国股票策略师威尔逊(Mike Wilson)表示：“对我们来说，缩减规模很简单：缩减规模就是紧缩。这是（美联储）距离最大限度宽松政策迈出的第一步。他们这次对此非常谨慎，但底线是，这应该会对股票估值产生负面影响。”</blockquote></p><p> The government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.</p><p><blockquote>策略师指出，政府的刺激支出也已见顶。每周300美元的补充联邦失业救济金将于9月6日到期。尽管国会似乎有可能在今年秋天通过一项两党基础设施法案，但与2020年3月以来推出的多轮刺激措施相比，近期的经济影响将相形见绌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c2cb76c498c1c4c980139e3d0514c261\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">The bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.</p><p><blockquote>该法案包括约5500亿美元的新支出——只是之前法律授权的数万亿美元的一小部分——并且将分散在许多年内。基础设施刺激措施将给消费者支出带来的短期提振，占美国国内生产总值增长的近70%，但不会接近去年数百万美国人收到政府支票后的经济增长。</blockquote></p><p> A budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.</p><p><blockquote>仅由民主党批准的预算法案应该遵循基础设施法案，并包括支持医疗保险扩张、儿童保育资金、免费社区大学学费、公共住房和气候相关措施以及其他政党优先事项的支出。国会可能会投票提高企业和高收入个人的税收，以抵消这些支出——这是市场面临的另一个近期风险。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/6693da658db16059fc99e08a7531675f\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">Other politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a <a href=\"https://laohu8.com/S/WASH\">Washington</a> shutdown in October.</p><p><blockquote>今年秋天，其他带有政治色彩的问题同样可能会让股市脱轨。国会需要通过提高债务上限来为政府提供资金，并在本月晚些时候通过一项权宜之计的支出法案来避免<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>10月停工。</blockquote></p><p> For now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.</p><p><blockquote>目前，我们的市场专家对Covid-19德尔塔变异毒株的经济影响相对乐观。他们说，只要疫苗在最大限度地减少导致住院和死亡的严重感染方面仍然有效，当前Covid浪潮的负面影响将主要限于旅游业和电影院。华尔街对市场的基本假设不包括会破坏经济增长的新一波封锁。</blockquote></p><p> Inflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.</p><p><blockquote>通胀一直是美联储和投资者的热门话题，部分原因是通胀最近非常火爆。6月和7月，美国消费者价格指数年化涨幅为5.4%，这是美联储评级暂时性的飙升，尽管其他人不太确定。策略师们站在鲍威尔一边。他们预计明年通胀将大幅下降。他们的预测在2.5%至3.5%之间，他们认为这对消费者和公司来说是可控的，也是经济快速增长的可接受的副作用。然而，通胀率高于2.5%，加上美联储缩减规模，意味着目前超低的债券收益率应该会上升。</blockquote></p><p> “We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”</p><p><blockquote>收益投资主管迈克尔·弗雷德里克斯(Michael Fredericks)表示：“我们认为通胀将继续比金融危机以来更高，但一旦许多与重新开放相关的压力开始消散，我们很难看到通胀率远高于2.5%。”贝莱德多资产策略集团。“因此债券收益率确实需要上升，但这将逐渐发生。”</blockquote></p><p> The strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for&nbsp;the bond market—and could be even more so for stocks.</p><p><blockquote>策略师预计，到年底，10年期美国国债收益率将攀升至1.65%左右。这比当前水平高出约35个基点（即百分之几个百分点），但低于2021年3月收益率高点时达到的1.75%。该组织表示，到明年，10年期国债收益率可能达到2%。从绝对值来看，这些举措并不是很大，但对债券市场来说意义重大，对股票来说可能更是如此。</blockquote></p><p> Rising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&amp;P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.</p><p><blockquote>收益率上升往往会打压股票估值，原因有二。高收益债券提供了与股票的竞争，当以更高的利率贴现时，公司的未来收益在目前毫无价值。尽管如此，2%左右的10年期国债收益率仍不足以将股票估值降至新冠疫情爆发前的水平。即使收益率攀升，市场策略师认为标普500的市盈率仍远高于预期市盈率16倍的30年平均水平。去年秋天，该指数的远期市盈率突破23。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e08d24cb421d7cc13debd76a9c6fea01\" tg-width=\"660\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As long as 10-year Treasury yields stay in the 2% range, the S&amp;P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.</p><p><blockquote>策略师表示，只要10年期国债收益率保持在2%的范围内，标普500的远期市盈率就应该能够在十几岁左右。除非收益率高得多或其他导致股市下跌的因素带来更大压力，否则不可能回到16倍的长期平均水平。</blockquote></p><p> If yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says&nbsp;<a href=\"https://laohu8.com/S/STT\">State</a> Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”</p><p><blockquote>表示，如果收益率飙升超过2%或2.25%，投资者可能会开始更严重地质疑股票估值<a href=\"https://laohu8.com/S/STT\">国家</a>Street首席投资组合策略师Gaurav Mallik：“我们已经有一段时间没有看到（10年期国债收益率）超过2%了，因此这对投资者来说是一个重要的情绪水平。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93ff6490069ab5dc1b4057f1ff7966f3\" tg-width=\"664\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says</p><p><blockquote>威尔逊更担心，他指出，股市的估值风险是不对称的：“市盈率不太可能上升，考虑到增长放缓和我们所处的位置，市盈率很有可能下降10%以上。在周期中，”他说</blockquote></p><p> If 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”</p><p><blockquote>他补充道，如果预期市盈率为16至23倍，“你已经处于这个范围的很高端。潜在风险大于回报。”</blockquote></p><p> Some P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&amp;P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.</p><p><blockquote>所有六位策略师的预测都包含了一些市盈率倍数的压缩，这对利润增长的路径变得更加重要。平均而言，策略师预计，继去年的盈利低迷之后，标普500今年的盈利将增长46%，至204美元左右。随后，2022年可能会上涨9%，达到约222.50美元。</blockquote></p><p></p><p> A potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.</p><p><blockquote>一个潜在的阻力是2022年联邦企业税率上升。民主党支出和税收计划的细节将在未来几周内制定出来，投资者可以期待听到更多有关潜在增税的消息。几位策略师认为，25%的联邦企业利润税率可能是一个妥协数字，高于2018年以来实施的21%，但低于拜登政府寻求的28%。</blockquote></p><p> An increase of that magnitude would shave about 5% off S&amp;P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time event for the market, some strategists predict.</p><p><blockquote>如此幅度的增长将使标普500明年的盈利减少约5%。随着今年秋天民主党和解法案的通过，该指数可能会下跌类似的幅度，但影响应该仅限于最初的调整。与2017年12月的减税一样，这一变化应该是<a href=\"https://laohu8.com/S/AONE.U\">一</a>——一些策略师预测，市场的时间事件。</blockquote></p><p> These concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.</p><p><blockquote>抛开这些担忧不谈，投资者不应错过更大的图景：美国经济状况良好，增长强劲。策略师预计今年国内生产总值将增长6.3%，2022年将增长约4%。Mallik表示：“周期性上涨和高于趋势的增长将至少持续到2022年，我们希望偏向于具有这种风险的资产。”</blockquote></p><p>   “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets  The State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.</p><p><blockquote>“今明两年我们的经济将会火爆。当GDP增长高于平均水平时，价值会战胜增长，周期性会战胜防御性。”—Lori Calvasina，加拿大皇家银行资本市场道富策略师建议在投资组合中增持材料、金融和科技股。这种方法既包括银行和矿业公司等对经济敏感的公司，也包括科技行业的稳定增长者。</blockquote></p><p> RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.</p><p><blockquote>加拿大皇家银行资本市场(RBC Capital Markets)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)同样采取杠铃法，同时投资周期性和成长性。她最喜欢的行业是能源、金融和技术。</blockquote></p><p> “Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”</p><p><blockquote>卡尔瓦西纳表示：“金融和能源行业的估值仍然比增长行业（科技或非必需消费品等行业）更具吸引力。”“近期的催化剂是摆脱当前的新冠疫情浪潮……今年和明年我们将迎来经济火爆，传统上，当GDP增长高于平均水平时，价值会跑赢增长，周期性会跑赢防御性。”</blockquote></p><p> But the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.</p><p><blockquote>但对质量的关注将是关键，尤其是进入2022年下半年。届时美联储可能会在本周期内首次加息。到2023年，经济可能会恢复到新冠疫情前2%左右的增长。</blockquote></p><p> “The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”</p><p><blockquote>卡尔瓦西纳表示：“历史上的剧本是，走出衰退后，你往往会看到持续一年左右的低质量优异表现，然后领导力又会恢复到高质量。”“但从低质量回到高质量的转变往往非常坎坷。”</blockquote></p><p> <b>A Shopping List for Fall</b></p><p><blockquote><b>秋季购物清单</b></blockquote></p><p> Most strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.</p><p><blockquote>大多数策略师青睐对经济敏感的股票和稳定增长的股票（包括科技股）的组合。金融股应该会表现良好，特别是如果债券收益率上升的话。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a54c4bd114c1a5f7f700d1fc14d30d8e\" tg-width=\"970\" tg-height=\"230\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Although stocks with quality attributes have outperformed the market this summer, according to a <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> analysis, the quality factor has lagged since positive vaccine news was first reported last November.</p><p><blockquote>尽管今年夏天具有质量属性的股票表现优于大盘，但根据一家<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>分析，自去年11月首次报道疫苗正面消息以来，质量因素一直滞后。</blockquote></p><p> “We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”</p><p><blockquote>贝莱德的弗雷德里克斯表示：“我们正在进入周期中期环境，基本经济增长仍然强劲，但势头开始减速。”“我们的研究表明，优质股票在这样的时期表现尤其出色。”</blockquote></p><p> He recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.</p><p><blockquote>他建议增持盈利的科技公司；金融，包括银行，以及具有这些质量特征的消费品和工业。</blockquote></p><p> For <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.</p><p><blockquote>为了<a href=\"https://laohu8.com/S/WFC\">富国银行</a>股票策略主管克里斯托弗·哈维(Christopher Harvey)表示，大流行后受益者和防御性敞口的结合才是正确的选择。他构建了一篮子波动性低于平均水平的股票——在今年秋季市场不确定性或压力时期，这些股票应该会跑赢大盘——并且“新冠贝塔值”较高，即对有关大流行的好消息或坏消息的敏感性。一个要求；富国银行的股票分析师必须将这些股票评级为“买入”。</blockquote></p><p> “There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”</p><p><blockquote>哈维表示：“近期经济存在不确定性、利率不确定性和新冠病毒风险，一般来说，我们正处于9月份左右的季节性疲软时期。”“如果我们能够平衡低波动性和高新贝塔值，我们就可以减轻其中几种催化剂时机即将到来的不确定性和波动性。不过，从长远来看，我们仍然希望[重新开放风险。]”</blockquote></p><p></p><p> Harvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>(BAC),<a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust(NTRS),Lowe’s(LOW),<a href=\"https://laohu8.com/S/IQV\">IQVIA</a> Holdings(IQV), andMasco(MAS).</p><p><blockquote>哈维列出的具有高新贝塔值的低波动性股票名单包括苹果(AAPL)、<a href=\"https://laohu8.com/S/BAC\">美国银行</a>（BAC），<a href=\"https://laohu8.com/S/NTRSP\">北方的</a>信托(NTRS)、劳氏(LOW)、<a href=\"https://laohu8.com/S/IQV\">IQVIA</a>控股公司（IQV）和马斯科公司（MAS）。</blockquote></p><p> Overall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.</p><p><blockquote>总体而言，银行是未来几个月最常被推荐的群体。Invesco KBW银行交易所交易基金(KBWB)提供对美国该行业的广泛投资。</blockquote></p><p> “We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.</p><p><blockquote>“我们喜欢估值和信用质量；他们现在被允许回购股票并增加股息，而且新冠贝塔值更高，”哈维说。</blockquote></p><p> Cheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.</p><p><blockquote>较低的估值意味着市场调整中潜在的下行空间较小。而且，与股市的其他大部分地区相反，更高的利率将成为银行的顺风车，银行可能会收取更高的贷款费用。</blockquote></p><p> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks also have some fans. “<a href=\"https://laohu8.com/S/HR\">Healthcare</a> has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analysts and fitting his macro views.</p><p><blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票也有一些粉丝。”<a href=\"https://laohu8.com/S/HR\">医疗保健</a>具有防御性和成长性，”威尔逊说。“如今，医疗保健行业每单位增长支付的费用比其他行业低得多。因此，我们认为，当我们担心估值时，它为这个市场提供了良好的平衡。”健康保险公司Humana(HUM)跻身威尔逊“新鲜资金买入名单”股票买入评级<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>分析师并符合他的宏观观点。</blockquote></p><p> Nuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.</p><p><blockquote>Nuveen的Malik还将目光投向医疗保健领域，以获得相对低估的增长机会，即制药和生物技术领域。她指出了Seagen(SGEN)，该公司专注于肿瘤药物，可能成为制药巨头有吸引力的收购目标。</blockquote></p><p> Malik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.</p><p><blockquote>马利克还喜欢艾伯维(ABBV)，该公司的预期市盈率为8倍，股息收益率为4.7%。其重磅抗炎药修美乐(Humira)的专利即将到期，这让一些投资者望而却步，但马利克相信管理层能够限制损失，并看到这家价值2000亿美元的公司正在开发有前途的药物。</blockquote></p><p> Both stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of <a href=\"https://laohu8.com/S/ABBV\">AbbVie</a>’s most promising post-Humira products.</p><p><blockquote>这两只股票最近几天都过得很艰难。Seagen上周跌超8%，报152美元左右，因有消息称其联合创始人兼首席执行官近期大量抛售股票。在美国食品和药物管理局要求为JAK抑制剂贴上新的警告标签后，ABBVIE周三上涨7%，至112.27美元。JAK抑制剂是一种抗类风湿药物，其中包括一种<a href=\"https://laohu8.com/S/ABBV\">艾伯维</a>最有前途的后修美乐产品。</blockquote></p><p> <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(PFE),<a href=\"https://laohu8.com/S/AXP\">American Express</a>(AXP),Johnson &amp; Johnson(JNJ), andCisco Systems(CSCO) are other S&amp;P 500 members that pass a<i>Barron’s</i>screen for quality attributes.</p><p><blockquote><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>（PFE），<a href=\"https://laohu8.com/S/AXP\">美国运通</a>(AXP)、强生(JNJ)和思科系统(CSCO)是其他通过A的标普500成员<i>巴伦周刊</i>筛选质量属性。</blockquote></p><p> After a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. <a href=\"https://laohu8.com/S/JE\">Just</a> be more selective. And go with quality.</p><p><blockquote>经过一年的稳定上涨后，今年秋天投资者可能会被提醒，随着增长势头和政策支持开始消退，股市也可能下跌。但如果市场从高点下跌，潜在的经济实力支持逢低买入。<a href=\"https://laohu8.com/S/JE\">刚刚</a>更有选择性。追求质量。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-09-07 17:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&amp;P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.</p><p><blockquote>对于市场来说，这是多么美好的一年啊！在货币和财政刺激、经济和盈利增长以及（直到最近）疫情基本消退的推动下，标准普尔500股票指数已上涨20%，连续七个月上涨，并创下50多个高点。除此之外，去年市场从2020年3月的低点反弹了68%。</blockquote></p><p> Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.</p><p><blockquote>顺风依然存在，但逆风现在迫在眉睫，可能会减缓股市的上涨。刺激支出已经见顶，经济和企业盈利增长可能会在今年年底放缓。此外，美联储几乎承诺在未来几个月开始缩减债券购买规模，拜登政府也提议提高企业和个人税率。这些都不会让股价越来越贵的持有者满意。</blockquote></p><p> In other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”</p><p><blockquote>换句话说，要做好迎接波动性下跌的准备，这种冲突迫使巴菲特股票、债券和投资者。Nuveen全球股票首席投资官Saira Malik表示：“一切反弹都已经过去。”“这不会是一场急剧上升的经济浪潮，将所有船只从这里抬起。”</blockquote></p><p> That’s the general consensus among the six market strategists and chief investment officers whom<i>Barron’s</i>recently consulted. All see the S&amp;P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.</p><p><blockquote>这是六位市场策略师和首席投资官的普遍共识<i>巴伦周刊</i>最近咨询过。所有人都认为标普500将在周四收盘价4536点附近结束今年。他们的平均目标是：4585。</blockquote></p><p> Next year’s gains look muted, as well, relative to recent trends. The group expects the S&amp;P 500 to tack on another 6% in 2022, rising to about 4800.</p><p><blockquote>相对于最近的趋势，明年的涨幅看起来也很微弱。该集团预计2022年标普500将再增加6%，升至约4800。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb61c7b74b9b0f18a019afb4ac44ad59\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">With stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.</p><p><blockquote>由于股票交易价格约为来年预期收益的21倍，债券收益率很低，考虑通货膨胀后现金收益率低于零，投资者面临着艰难的资产配置决策。我们的市场观察人士建议关注“优质”投资，而不是提振快速增长的科技股、无增长的模因股和数字世界的狗狗币的“一切反弹”。在股票方面，这意味着拥有稳健的资产负债表、不断扩大的利润率以及充足且经常性的自由现金流的企业的股票。即使未来几个月平均指数表现不大，这些股票也可能会大放异彩。</blockquote></p><p> The stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.</p><p><blockquote>过去一年股市的大幅上涨是美联储的一份礼物，美联储向金融体系注入了大量资金，以避免新冠疫情造成的经济损失。自2020年3月以来，美联储每月购买总计1200亿美元的美国国债和抵押贷款支持证券，同时将基准联邦基金利率目标维持在0%至0.25%。这些举措压低了债券收益率，并推动投资者进入包括股票在内的风险较高的资产。</blockquote></p><p> Fed Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”</p><p><blockquote>美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>曾表示，央行可能会在未来几个季度的某个时候开始逐步减少或缩减紧急资产购买，此举可能会扰乱各类风险资产。摩根士丹利(Morgan Stanley)首席投资官兼首席美国股票策略师威尔逊(Mike Wilson)表示：“对我们来说，缩减规模很简单：缩减规模就是紧缩。这是（美联储）距离最大限度宽松政策迈出的第一步。他们这次对此非常谨慎，但底线是，这应该会对股票估值产生负面影响。”</blockquote></p><p> The government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.</p><p><blockquote>策略师指出，政府的刺激支出也已见顶。每周300美元的补充联邦失业救济金将于9月6日到期。尽管国会似乎有可能在今年秋天通过一项两党基础设施法案，但与2020年3月以来推出的多轮刺激措施相比，近期的经济影响将相形见绌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c2cb76c498c1c4c980139e3d0514c261\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">The bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.</p><p><blockquote>该法案包括约5500亿美元的新支出——只是之前法律授权的数万亿美元的一小部分——并且将分散在许多年内。基础设施刺激措施将给消费者支出带来的短期提振，占美国国内生产总值增长的近70%，但不会接近去年数百万美国人收到政府支票后的经济增长。</blockquote></p><p> A budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.</p><p><blockquote>仅由民主党批准的预算法案应该遵循基础设施法案，并包括支持医疗保险扩张、儿童保育资金、免费社区大学学费、公共住房和气候相关措施以及其他政党优先事项的支出。国会可能会投票提高企业和高收入个人的税收，以抵消这些支出——这是市场面临的另一个近期风险。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/6693da658db16059fc99e08a7531675f\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">Other politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a <a href=\"https://laohu8.com/S/WASH\">Washington</a> shutdown in October.</p><p><blockquote>今年秋天，其他带有政治色彩的问题同样可能会让股市脱轨。国会需要通过提高债务上限来为政府提供资金，并在本月晚些时候通过一项权宜之计的支出法案来避免<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>10月停工。</blockquote></p><p> For now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.</p><p><blockquote>目前，我们的市场专家对Covid-19德尔塔变异毒株的经济影响相对乐观。他们说，只要疫苗在最大限度地减少导致住院和死亡的严重感染方面仍然有效，当前Covid浪潮的负面影响将主要限于旅游业和电影院。华尔街对市场的基本假设不包括会破坏经济增长的新一波封锁。</blockquote></p><p> Inflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.</p><p><blockquote>通胀一直是美联储和投资者的热门话题，部分原因是通胀最近非常火爆。6月和7月，美国消费者价格指数年化涨幅为5.4%，这是美联储评级暂时性的飙升，尽管其他人不太确定。策略师们站在鲍威尔一边。他们预计明年通胀将大幅下降。他们的预测在2.5%至3.5%之间，他们认为这对消费者和公司来说是可控的，也是经济快速增长的可接受的副作用。然而，通胀率高于2.5%，加上美联储缩减规模，意味着目前超低的债券收益率应该会上升。</blockquote></p><p> “We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”</p><p><blockquote>收益投资主管迈克尔·弗雷德里克斯(Michael Fredericks)表示：“我们认为通胀将继续比金融危机以来更高，但一旦许多与重新开放相关的压力开始消散，我们很难看到通胀率远高于2.5%。”贝莱德多资产策略集团。“因此债券收益率确实需要上升，但这将逐渐发生。”</blockquote></p><p> The strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for&nbsp;the bond market—and could be even more so for stocks.</p><p><blockquote>策略师预计，到年底，10年期美国国债收益率将攀升至1.65%左右。这比当前水平高出约35个基点（即百分之几个百分点），但低于2021年3月收益率高点时达到的1.75%。该组织表示，到明年，10年期国债收益率可能达到2%。从绝对值来看，这些举措并不是很大，但对债券市场来说意义重大，对股票来说可能更是如此。</blockquote></p><p> Rising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&amp;P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.</p><p><blockquote>收益率上升往往会打压股票估值，原因有二。高收益债券提供了与股票的竞争，当以更高的利率贴现时，公司的未来收益在目前毫无价值。尽管如此，2%左右的10年期国债收益率仍不足以将股票估值降至新冠疫情爆发前的水平。即使收益率攀升，市场策略师认为标普500的市盈率仍远高于预期市盈率16倍的30年平均水平。去年秋天，该指数的远期市盈率突破23。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e08d24cb421d7cc13debd76a9c6fea01\" tg-width=\"660\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As long as 10-year Treasury yields stay in the 2% range, the S&amp;P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.</p><p><blockquote>策略师表示，只要10年期国债收益率保持在2%的范围内，标普500的远期市盈率就应该能够在十几岁左右。除非收益率高得多或其他导致股市下跌的因素带来更大压力，否则不可能回到16倍的长期平均水平。</blockquote></p><p> If yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says&nbsp;<a href=\"https://laohu8.com/S/STT\">State</a> Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”</p><p><blockquote>表示，如果收益率飙升超过2%或2.25%，投资者可能会开始更严重地质疑股票估值<a href=\"https://laohu8.com/S/STT\">国家</a>Street首席投资组合策略师Gaurav Mallik：“我们已经有一段时间没有看到（10年期国债收益率）超过2%了，因此这对投资者来说是一个重要的情绪水平。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93ff6490069ab5dc1b4057f1ff7966f3\" tg-width=\"664\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says</p><p><blockquote>威尔逊更担心，他指出，股市的估值风险是不对称的：“市盈率不太可能上升，考虑到增长放缓和我们所处的位置，市盈率很有可能下降10%以上。在周期中，”他说</blockquote></p><p> If 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”</p><p><blockquote>他补充道，如果预期市盈率为16至23倍，“你已经处于这个范围的很高端。潜在风险大于回报。”</blockquote></p><p> Some P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&amp;P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.</p><p><blockquote>所有六位策略师的预测都包含了一些市盈率倍数的压缩，这对利润增长的路径变得更加重要。平均而言，策略师预计，继去年的盈利低迷之后，标普500今年的盈利将增长46%，至204美元左右。随后，2022年可能会上涨9%，达到约222.50美元。</blockquote></p><p></p><p> A potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.</p><p><blockquote>一个潜在的阻力是2022年联邦企业税率上升。民主党支出和税收计划的细节将在未来几周内制定出来，投资者可以期待听到更多有关潜在增税的消息。几位策略师认为，25%的联邦企业利润税率可能是一个妥协数字，高于2018年以来实施的21%，但低于拜登政府寻求的28%。</blockquote></p><p> An increase of that magnitude would shave about 5% off S&amp;P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time event for the market, some strategists predict.</p><p><blockquote>如此幅度的增长将使标普500明年的盈利减少约5%。随着今年秋天民主党和解法案的通过，该指数可能会下跌类似的幅度，但影响应该仅限于最初的调整。与2017年12月的减税一样，这一变化应该是<a href=\"https://laohu8.com/S/AONE.U\">一</a>——一些策略师预测，市场的时间事件。</blockquote></p><p> These concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.</p><p><blockquote>抛开这些担忧不谈，投资者不应错过更大的图景：美国经济状况良好，增长强劲。策略师预计今年国内生产总值将增长6.3%，2022年将增长约4%。Mallik表示：“周期性上涨和高于趋势的增长将至少持续到2022年，我们希望偏向于具有这种风险的资产。”</blockquote></p><p>   “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets  The State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.</p><p><blockquote>“今明两年我们的经济将会火爆。当GDP增长高于平均水平时，价值会战胜增长，周期性会战胜防御性。”—Lori Calvasina，加拿大皇家银行资本市场道富策略师建议在投资组合中增持材料、金融和科技股。这种方法既包括银行和矿业公司等对经济敏感的公司，也包括科技行业的稳定增长者。</blockquote></p><p> RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.</p><p><blockquote>加拿大皇家银行资本市场(RBC Capital Markets)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)同样采取杠铃法，同时投资周期性和成长性。她最喜欢的行业是能源、金融和技术。</blockquote></p><p> “Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”</p><p><blockquote>卡尔瓦西纳表示：“金融和能源行业的估值仍然比增长行业（科技或非必需消费品等行业）更具吸引力。”“近期的催化剂是摆脱当前的新冠疫情浪潮……今年和明年我们将迎来经济火爆，传统上，当GDP增长高于平均水平时，价值会跑赢增长，周期性会跑赢防御性。”</blockquote></p><p> But the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.</p><p><blockquote>但对质量的关注将是关键，尤其是进入2022年下半年。届时美联储可能会在本周期内首次加息。到2023年，经济可能会恢复到新冠疫情前2%左右的增长。</blockquote></p><p> “The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”</p><p><blockquote>卡尔瓦西纳表示：“历史上的剧本是，走出衰退后，你往往会看到持续一年左右的低质量优异表现，然后领导力又会恢复到高质量。”“但从低质量回到高质量的转变往往非常坎坷。”</blockquote></p><p> <b>A Shopping List for Fall</b></p><p><blockquote><b>秋季购物清单</b></blockquote></p><p> Most strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.</p><p><blockquote>大多数策略师青睐对经济敏感的股票和稳定增长的股票（包括科技股）的组合。金融股应该会表现良好，特别是如果债券收益率上升的话。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a54c4bd114c1a5f7f700d1fc14d30d8e\" tg-width=\"970\" tg-height=\"230\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Although stocks with quality attributes have outperformed the market this summer, according to a <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> analysis, the quality factor has lagged since positive vaccine news was first reported last November.</p><p><blockquote>尽管今年夏天具有质量属性的股票表现优于大盘，但根据一家<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>分析，自去年11月首次报道疫苗正面消息以来，质量因素一直滞后。</blockquote></p><p> “We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”</p><p><blockquote>贝莱德的弗雷德里克斯表示：“我们正在进入周期中期环境，基本经济增长仍然强劲，但势头开始减速。”“我们的研究表明，优质股票在这样的时期表现尤其出色。”</blockquote></p><p> He recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.</p><p><blockquote>他建议增持盈利的科技公司；金融，包括银行，以及具有这些质量特征的消费品和工业。</blockquote></p><p> For <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.</p><p><blockquote>为了<a href=\"https://laohu8.com/S/WFC\">富国银行</a>股票策略主管克里斯托弗·哈维(Christopher Harvey)表示，大流行后受益者和防御性敞口的结合才是正确的选择。他构建了一篮子波动性低于平均水平的股票——在今年秋季市场不确定性或压力时期，这些股票应该会跑赢大盘——并且“新冠贝塔值”较高，即对有关大流行的好消息或坏消息的敏感性。一个要求；富国银行的股票分析师必须将这些股票评级为“买入”。</blockquote></p><p> “There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”</p><p><blockquote>哈维表示：“近期经济存在不确定性、利率不确定性和新冠病毒风险，一般来说，我们正处于9月份左右的季节性疲软时期。”“如果我们能够平衡低波动性和高新贝塔值，我们就可以减轻其中几种催化剂时机即将到来的不确定性和波动性。不过，从长远来看，我们仍然希望[重新开放风险。]”</blockquote></p><p></p><p> Harvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>(BAC),<a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust(NTRS),Lowe’s(LOW),<a href=\"https://laohu8.com/S/IQV\">IQVIA</a> Holdings(IQV), andMasco(MAS).</p><p><blockquote>哈维列出的具有高新贝塔值的低波动性股票名单包括苹果(AAPL)、<a href=\"https://laohu8.com/S/BAC\">美国银行</a>（BAC），<a href=\"https://laohu8.com/S/NTRSP\">北方的</a>信托(NTRS)、劳氏(LOW)、<a href=\"https://laohu8.com/S/IQV\">IQVIA</a>控股公司（IQV）和马斯科公司（MAS）。</blockquote></p><p> Overall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.</p><p><blockquote>总体而言，银行是未来几个月最常被推荐的群体。Invesco KBW银行交易所交易基金(KBWB)提供对美国该行业的广泛投资。</blockquote></p><p> “We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.</p><p><blockquote>“我们喜欢估值和信用质量；他们现在被允许回购股票并增加股息，而且新冠贝塔值更高，”哈维说。</blockquote></p><p> Cheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.</p><p><blockquote>较低的估值意味着市场调整中潜在的下行空间较小。而且，与股市的其他大部分地区相反，更高的利率将成为银行的顺风车，银行可能会收取更高的贷款费用。</blockquote></p><p> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks also have some fans. “<a href=\"https://laohu8.com/S/HR\">Healthcare</a> has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analysts and fitting his macro views.</p><p><blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票也有一些粉丝。”<a href=\"https://laohu8.com/S/HR\">医疗保健</a>具有防御性和成长性，”威尔逊说。“如今，医疗保健行业每单位增长支付的费用比其他行业低得多。因此，我们认为，当我们担心估值时，它为这个市场提供了良好的平衡。”健康保险公司Humana(HUM)跻身威尔逊“新鲜资金买入名单”股票买入评级<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>分析师并符合他的宏观观点。</blockquote></p><p> Nuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.</p><p><blockquote>Nuveen的Malik还将目光投向医疗保健领域，以获得相对低估的增长机会，即制药和生物技术领域。她指出了Seagen(SGEN)，该公司专注于肿瘤药物，可能成为制药巨头有吸引力的收购目标。</blockquote></p><p> Malik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.</p><p><blockquote>马利克还喜欢艾伯维(ABBV)，该公司的预期市盈率为8倍，股息收益率为4.7%。其重磅抗炎药修美乐(Humira)的专利即将到期，这让一些投资者望而却步，但马利克相信管理层能够限制损失，并看到这家价值2000亿美元的公司正在开发有前途的药物。</blockquote></p><p> Both stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of <a href=\"https://laohu8.com/S/ABBV\">AbbVie</a>’s most promising post-Humira products.</p><p><blockquote>这两只股票最近几天都过得很艰难。Seagen上周跌超8%，报152美元左右，因有消息称其联合创始人兼首席执行官近期大量抛售股票。在美国食品和药物管理局要求为JAK抑制剂贴上新的警告标签后，ABBVIE周三上涨7%，至112.27美元。JAK抑制剂是一种抗类风湿药物，其中包括一种<a href=\"https://laohu8.com/S/ABBV\">艾伯维</a>最有前途的后修美乐产品。</blockquote></p><p> <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(PFE),<a href=\"https://laohu8.com/S/AXP\">American Express</a>(AXP),Johnson &amp; Johnson(JNJ), andCisco Systems(CSCO) are other S&amp;P 500 members that pass a<i>Barron’s</i>screen for quality attributes.</p><p><blockquote><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>（PFE），<a href=\"https://laohu8.com/S/AXP\">美国运通</a>(AXP)、强生(JNJ)和思科系统(CSCO)是其他通过A的标普500成员<i>巴伦周刊</i>筛选质量属性。</blockquote></p><p> After a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. <a href=\"https://laohu8.com/S/JE\">Just</a> be more selective. And go with quality.</p><p><blockquote>经过一年的稳定上涨后，今年秋天投资者可能会被提醒，随着增长势头和政策支持开始消退，股市也可能下跌。但如果市场从高点下跌，潜在的经济实力支持逢低买入。<a href=\"https://laohu8.com/S/JE\">刚刚</a>更有选择性。追求质量。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130130857","content_text":"What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.\nTailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.\nIn other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”\nThat’s the general consensus among the six market strategists and chief investment officers whomBarron’srecently consulted. All see the S&P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.\nNext year’s gains look muted, as well, relative to recent trends. The group expects the S&P 500 to tack on another 6% in 2022, rising to about 4800.\nWith stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.\nThe stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.\nFed Chairman Jerome Powell has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”\nThe government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.\nThe bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.\nA budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.\nOther politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a Washington shutdown in October.\nFor now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.\nInflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.\n“We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”\nThe strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for the bond market—and could be even more so for stocks.\nRising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.\n\nAs long as 10-year Treasury yields stay in the 2% range, the S&P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.\nIf yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says State Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”\n\nWilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says\nIf 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”\nSome P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.\nA potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.\nAn increase of that magnitude would shave about 5% off S&P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a one-time event for the market, some strategists predict.\nThese concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.\n\n “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets\n\nThe State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.\nRBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.\n“Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”\nBut the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.\n“The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”\nA Shopping List for Fall\nMost strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.\n\nAlthough stocks with quality attributes have outperformed the market this summer, according to a BlackRock analysis, the quality factor has lagged since positive vaccine news was first reported last November.\n“We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”\nHe recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.\nFor Wells Fargo’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.\n“There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”\nHarvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),Bank of America(BAC),Northern Trust(NTRS),Lowe’s(LOW),IQVIA Holdings(IQV), andMasco(MAS).\nOverall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.\n“We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.\nCheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.\nHealthcare stocks also have some fans. “Healthcare has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by Morgan Stanley analysts and fitting his macro views.\nNuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.\nMalik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.\nBoth stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of AbbVie’s most promising post-Humira products.\nPfizer(PFE),American Express(AXP),Johnson & Johnson(JNJ), andCisco Systems(CSCO) are other S&P 500 members that pass aBarron’sscreen for quality attributes.\nAfter a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. Just be more selective. 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