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1ca41907

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2021-11-09

Nice! Give me a like!

Don't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote>

2021-11-04

$XPeng Inc.(XPEV)$Gogogo

2021-11-03

$Walt Disney(DIS)$Gogogo

2021-11-03

$Tesla Motors(TSLA)$🤩🤩

2021-09-05

🥳🥳🥳

2021-09-03

$Walt Disney(DIS)$Good

2021-09-03

Yes

@Cassjo:$Econ Healthcare(EHG.SI)$Can this share hold long term??

2021-08-26

$Walt Disney(DIS)$😆😆

2021-08-24

$Walt Disney(DIS)$[Miser] [Miser] [Miser]

2021-08-19

Nice

@KennyLSJ:$AMC Entertainment(AMC)$AMC has been on a roller coaster ride for slightly more than half a year! Having gone through their past earning reports down to 2017, I have noticed that they will need more than $1.4 billion per quarter in order for them to be in a profitable quarter.With more than their 500++ venues opened in US and 110+ venues overseas, majority of their screens are opened. Now, it is important that more movies that held back their release date from last year. As this quarter theirrevenue is only $444million, they will need another $1 billion revenue per quarter to become profitable.As we are near the end of the summer, let’s see if there will be an increase in the releaseof more movies during the upcoming Q4’2021 festive sea

2021-08-18

$Healthier Choices Management Corp.(HCMC)$Waiting for it

2021-08-06

Nice!

Warren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</blockquote>

2021-08-04

$Healthier Choices Management Corp.(HCMC)$[Cry]

2021-08-04

Good

抱歉，原内容已删除

2021-08-04

Nice!

The VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote>

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Give me a like!&nbsp;","listText":"Nice! Give me a like!&nbsp;","text":"Nice! Give me a like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847033211","repostId":"1148931135","repostType":4,"repost":{"id":"1148931135","kind":"news","pubTimestamp":1636465813,"share":"https://www.laohu8.com/m/news/1148931135?lang=zh_CN&edition=full","pubTime":"2021-11-09 21:50","market":"us","language":"en","title":"Don't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148931135","media":"Motley Fool","summary":"If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positi","content":"<p>If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positions, then kudos. You understand that the market ebbs and flows and that you can and should use these swings to your advantage.</p><p><blockquote>如果您正在等待市场范围内的抛售发生，然后再买入一系列新头寸，那么值得称赞。你明白市场有起有落，你可以也应该利用这些波动。</blockquote></p><p> If you understand the market is forever rising and falling, though, then you probably also know these ebbs and flows can be rather unpredictable. That means trying to perfectly time your entries can cost more money than it saves because of the gains missed in the meantime. As always, the key is balancing the true risk of stepping into a certain stock with that stock's plausible upside potential.</p><p><blockquote>如果你明白市场永远在上涨和下跌，那么你可能也知道这些涨跌是相当不可预测的。这意味着试图完美地安排你的参赛时间可能会花费比它节省的更多的钱，因为在此期间错过了收益。与往常一样，关键是平衡进入某只股票的真实风险与该股票看似合理的上涨潜力。</blockquote></p><p> Shares of&nbsp;<b>T. Rowe Price Group</b>(NASDAQ:TROW)&nbsp;are too cheap right now to pass up while waiting for a market crash that may never actually take shape.</p><p><blockquote>本公司之股份<b>T.罗普莱斯集团</b>（纳斯达克：TROW）现在太便宜了，不能在等待可能永远不会真正形成的市场崩盘时错过。</blockquote></p><p> Nice work if you can get it</p><p><blockquote>如果你能得到它，那就干得好</blockquote></p><p> You know the organization. T. Rowe Price is, of course, the company that manages a large family of&nbsp;mutual funds&nbsp;with the same name. With $1.6 trillion worth of assets under its management, there's even a good chance that you're a customer.</p><p><blockquote>你了解这个组织。当然，T.Rowe Price是管理着一个同名共同基金大家庭的公司。该公司管理着价值1.6万亿美元的资产，您甚至很有可能成为其客户。</blockquote></p><p> There's also a good chance you're underestimating the reliability of the mutual fund industry's business model.</p><p><blockquote>你也很有可能低估了共同基金行业商业模式的可靠性。</blockquote></p><p> Have you ever thought about how fund companies make money? Some charge an upfront load when you enter a new position, but that's not necessarily the primary goal; that load fee is typically shared with the brokerage firm anyway. Rather, fund companies are hoping you become long-term customers so they can collect a recurring management fee, year in and year out. These fees are minimal, usually costing less than 1% of the value of assets held by a particular fund's investment pool. Once you're a fund company's customer, though, it no longer has to fight to bring you into the fold. You're annuitized, in a sense, as long as you stick with that investment -- which investors typically do. And this management fee is automatically collected regardless of a fund's performance.</p><p><blockquote>你有没有想过基金公司是怎么赚钱的？有些人在你进入一个新职位时收取前期费用，但这不一定是主要目标；无论如何，装载费通常会与经纪公司分担。相反，基金公司希望你成为长期客户，这样他们就可以年复一年地收取经常性管理费。这些费用很少，通常不到特定基金投资池所持资产价值的1%。然而，一旦你成为基金公司的客户，它就不再需要努力将你纳入其中。从某种意义上说，只要你坚持这项投资，你就可以获得年金——投资者通常会这样做。而且无论基金的业绩如何，这笔管理费都会自动收取。</blockquote></p><p> The end result? A steady stream of predictable revenue and profits.</p><p><blockquote>最终结果？源源不断的可预测收入和利润。</blockquote></p><p> The proof of the pudding</p><p><blockquote>布丁的证明</blockquote></p><p> You have only to look at T. Rowe Price Group's top and bottom lines for the last year to appreciate the premise. Despite lockdowns and the subsequent economic slowdown, T. Rowe Price managed to beef up 2020's revenue by more than 10%, driving a 15% increase in net operating income and extending a long-standing growth streak.</p><p><blockquote>你只需要看看T.Rowe Price Group去年的营收和利润就能理解这个前提。尽管受到封锁和随后的经济放缓，T.Rowe Price仍设法将2020年的收入提高了10%以上，推动净营业收入增长了15%，并延续了长期的增长势头。</blockquote></p><p> Makes sense. A slew of bored consumers turned to the stock market for entertainment in lieu of sports and other live events. Indeed, 2020 ushered in the era of meme stocks and rekindled rarities like short squeezes, SPACs, and more. That mania has only been amplified this year.</p><p><blockquote>说得通。许多无聊的消费者转向股市寻求娱乐，而不是体育和其他现场活动。事实上，2020年迎来了模因股票时代，并重新点燃了轧空、SPAC等稀有事物。这种狂热在今年被放大了。</blockquote></p><p> Except that none of those things generate revenue or earnings for mutual funds. Fund revenue is linked only to the amount of money that fund manages. Because of this, T. Rowe Price's 2020 revenue growth can be mostly attributed to the 12.5% increase in the amount of assets it was managing by the end of the year. And that growth can largely be chalked up to the fact that the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)itself ended 2020 more than 16% above where it ended 2019.</p><p><blockquote>只不过这些东西都不会为共同基金带来收入或收益。基金收入仅与基金管理的金额相关。正因为如此，T.Rowe Price 2020年的收入增长主要归功于其截至年底管理的资产数量增长了12.5%。这种增长很大程度上可以归因于这样一个事实：<b>标普500</b>(SNPINDEX：^GSPC)2020年底比2019年底高出16%以上。</blockquote></p><p> Connect the dots. Mutual fund companies obviously want the broad market to increase in value, as that drives sales and earnings growth. Even if the market is lousy and falling, though, T. Rowe Price is still going to collect its management fees. Its biggest challenge is simply convincing investors to continue holding their funds even when times are tough for stocks.</p><p><blockquote>把这些点连接起来。共同基金公司显然希望大盘增值，因为这会推动销售和盈利增长。不过，即使市场糟糕且下跌，T.Rowe Price仍然会收取管理费。它最大的挑战只是说服投资者即使在股市艰难的时候也继续持有他们的基金。</blockquote></p><p> Low valuation, high potential</p><p><blockquote>低估值，高潜力</blockquote></p><p> The market has rewarded this revenue resiliency, for the record. TROW shares are up nearly 150% from their March 2020 low, easily outpacing the broad market's gains for the same period. Even with this big gain, though, the stock's still seemingly cheap, priced at 17.4 times this year's expected earnings and only 16.5 times next year's per-share earnings estimates. For perspective, the S&amp;P 500 itself is valued at a trailing price/earnings ratio of nearly 30 and a forward-looking P/E ratio of 22.4. T. Rowe Price's current dividend yield of just under 2% is also stronger than the S&amp;P 500's present yield of 1.3% and is&nbsp;clearly well supported&nbsp;by the fund company's reliable revenue and earnings stream.</p><p><blockquote>市场对这种收入弹性给予了奖励，这是有记录的。TROW股价较2020年3月低点上涨近150%，轻松超过同期大盘涨幅。不过，即使涨幅如此之大，该股似乎仍然很便宜，其定价为今年预期收益的17.4倍，仅为明年每股收益预期的16.5倍。从长远来看，标普500本身的历史市盈率接近30，前瞻性市盈率为22.4。T.Rowe Price目前的股息收益率略低于2%，也高于标普500目前1.3%的收益率，并且显然得到了基金公司可靠的收入和盈利流的良好支持。</blockquote></p><p> Sharp investors will point out that TROW shares are relatively cheap because T. Rowe Price has limited growth prospects. But as noted earlier, for better or worse, a typical fund company's results are mostly a function of the market's overall value.</p><p><blockquote>敏锐的投资者会指出，TROW股票相对便宜，因为T.Rowe价格的增长前景有限。但如前所述，无论好坏，典型基金公司的业绩主要取决于市场整体价值。</blockquote></p><p></p><p> There's a kicker that could drive unexpected growth for the company in the foreseeable future, though. Late last month, T. Rowe Price Group announced plans to acquire Oak Hill Advisors, putting the company deeper into an alternative investment arena where it's not currently well represented. The combination of the two organizations presents compelling cross-selling opportunities. The deal, however, may also hint at other, similar dealmaking to come.</p><p><blockquote>不过，在可预见的未来，有一个因素可能会推动该公司出现意想不到的增长。上个月末，T.Rowe Price Group宣布计划收购Oak Hill Advisors，使该公司更深入地进入目前代表性不足的另类投资领域。这两个组织的合并带来了引人注目的交叉销售机会。然而，这笔交易也可能暗示其他类似的交易即将到来。</blockquote></p><p> The smart rules still apply</p><p><blockquote>smart规则仍然适用</blockquote></p><p> Purchasing T. Rowe Price here and now, of course, makes sense only if your portfolio is in need of a financial name. If you're already heavily exposed to the financial sector or hold shares of a rival publicly traded mutual fund family, adding another one isn't necessarily your best move.</p><p><blockquote>当然，只有当您的投资组合需要一个财务名称时，此时此地购买T.Rowe Price才有意义。如果您已经大量投资于金融行业或持有竞争对手的公开交易共同基金家族的股票，那么添加另一个不一定是您的最佳举措。</blockquote></p><p> If you've got room and reason to add a financial stock to your mix, though, this one's bargain-priced given its high quality.</p><p><blockquote>不过，如果您有空间和理由在您的组合中添加金融股，那么鉴于其高质量，这只股票的价格很便宜。</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>Don't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-09 21:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positions, then kudos. You understand that the market ebbs and flows and that you can and should use these swings to your advantage.</p><p><blockquote>如果您正在等待市场范围内的抛售发生，然后再买入一系列新头寸，那么值得称赞。你明白市场有起有落，你可以也应该利用这些波动。</blockquote></p><p> If you understand the market is forever rising and falling, though, then you probably also know these ebbs and flows can be rather unpredictable. That means trying to perfectly time your entries can cost more money than it saves because of the gains missed in the meantime. As always, the key is balancing the true risk of stepping into a certain stock with that stock's plausible upside potential.</p><p><blockquote>如果你明白市场永远在上涨和下跌，那么你可能也知道这些涨跌是相当不可预测的。这意味着试图完美地安排你的参赛时间可能会花费比它节省的更多的钱，因为在此期间错过了收益。与往常一样，关键是平衡进入某只股票的真实风险与该股票看似合理的上涨潜力。</blockquote></p><p> Shares of&nbsp;<b>T. Rowe Price Group</b>(NASDAQ:TROW)&nbsp;are too cheap right now to pass up while waiting for a market crash that may never actually take shape.</p><p><blockquote>本公司之股份<b>T.罗普莱斯集团</b>（纳斯达克：TROW）现在太便宜了，不能在等待可能永远不会真正形成的市场崩盘时错过。</blockquote></p><p> Nice work if you can get it</p><p><blockquote>如果你能得到它，那就干得好</blockquote></p><p> You know the organization. T. Rowe Price is, of course, the company that manages a large family of&nbsp;mutual funds&nbsp;with the same name. With $1.6 trillion worth of assets under its management, there's even a good chance that you're a customer.</p><p><blockquote>你了解这个组织。当然，T.Rowe Price是管理着一个同名共同基金大家庭的公司。该公司管理着价值1.6万亿美元的资产，您甚至很有可能成为其客户。</blockquote></p><p> There's also a good chance you're underestimating the reliability of the mutual fund industry's business model.</p><p><blockquote>你也很有可能低估了共同基金行业商业模式的可靠性。</blockquote></p><p> Have you ever thought about how fund companies make money? Some charge an upfront load when you enter a new position, but that's not necessarily the primary goal; that load fee is typically shared with the brokerage firm anyway. Rather, fund companies are hoping you become long-term customers so they can collect a recurring management fee, year in and year out. These fees are minimal, usually costing less than 1% of the value of assets held by a particular fund's investment pool. Once you're a fund company's customer, though, it no longer has to fight to bring you into the fold. You're annuitized, in a sense, as long as you stick with that investment -- which investors typically do. And this management fee is automatically collected regardless of a fund's performance.</p><p><blockquote>你有没有想过基金公司是怎么赚钱的？有些人在你进入一个新职位时收取前期费用，但这不一定是主要目标；无论如何，装载费通常会与经纪公司分担。相反，基金公司希望你成为长期客户，这样他们就可以年复一年地收取经常性管理费。这些费用很少，通常不到特定基金投资池所持资产价值的1%。然而，一旦你成为基金公司的客户，它就不再需要努力将你纳入其中。从某种意义上说，只要你坚持这项投资，你就可以获得年金——投资者通常会这样做。而且无论基金的业绩如何，这笔管理费都会自动收取。</blockquote></p><p> The end result? A steady stream of predictable revenue and profits.</p><p><blockquote>最终结果？源源不断的可预测收入和利润。</blockquote></p><p> The proof of the pudding</p><p><blockquote>布丁的证明</blockquote></p><p> You have only to look at T. Rowe Price Group's top and bottom lines for the last year to appreciate the premise. Despite lockdowns and the subsequent economic slowdown, T. Rowe Price managed to beef up 2020's revenue by more than 10%, driving a 15% increase in net operating income and extending a long-standing growth streak.</p><p><blockquote>你只需要看看T.Rowe Price Group去年的营收和利润就能理解这个前提。尽管受到封锁和随后的经济放缓，T.Rowe Price仍设法将2020年的收入提高了10%以上，推动净营业收入增长了15%，并延续了长期的增长势头。</blockquote></p><p> Makes sense. A slew of bored consumers turned to the stock market for entertainment in lieu of sports and other live events. Indeed, 2020 ushered in the era of meme stocks and rekindled rarities like short squeezes, SPACs, and more. That mania has only been amplified this year.</p><p><blockquote>说得通。许多无聊的消费者转向股市寻求娱乐，而不是体育和其他现场活动。事实上，2020年迎来了模因股票时代，并重新点燃了轧空、SPAC等稀有事物。这种狂热在今年被放大了。</blockquote></p><p> Except that none of those things generate revenue or earnings for mutual funds. Fund revenue is linked only to the amount of money that fund manages. Because of this, T. Rowe Price's 2020 revenue growth can be mostly attributed to the 12.5% increase in the amount of assets it was managing by the end of the year. And that growth can largely be chalked up to the fact that the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)itself ended 2020 more than 16% above where it ended 2019.</p><p><blockquote>只不过这些东西都不会为共同基金带来收入或收益。基金收入仅与基金管理的金额相关。正因为如此，T.Rowe Price 2020年的收入增长主要归功于其截至年底管理的资产数量增长了12.5%。这种增长很大程度上可以归因于这样一个事实：<b>标普500</b>(SNPINDEX：^GSPC)2020年底比2019年底高出16%以上。</blockquote></p><p> Connect the dots. Mutual fund companies obviously want the broad market to increase in value, as that drives sales and earnings growth. Even if the market is lousy and falling, though, T. Rowe Price is still going to collect its management fees. Its biggest challenge is simply convincing investors to continue holding their funds even when times are tough for stocks.</p><p><blockquote>把这些点连接起来。共同基金公司显然希望大盘增值，因为这会推动销售和盈利增长。不过，即使市场糟糕且下跌，T.Rowe Price仍然会收取管理费。它最大的挑战只是说服投资者即使在股市艰难的时候也继续持有他们的基金。</blockquote></p><p> Low valuation, high potential</p><p><blockquote>低估值，高潜力</blockquote></p><p> The market has rewarded this revenue resiliency, for the record. TROW shares are up nearly 150% from their March 2020 low, easily outpacing the broad market's gains for the same period. Even with this big gain, though, the stock's still seemingly cheap, priced at 17.4 times this year's expected earnings and only 16.5 times next year's per-share earnings estimates. For perspective, the S&amp;P 500 itself is valued at a trailing price/earnings ratio of nearly 30 and a forward-looking P/E ratio of 22.4. T. Rowe Price's current dividend yield of just under 2% is also stronger than the S&amp;P 500's present yield of 1.3% and is&nbsp;clearly well supported&nbsp;by the fund company's reliable revenue and earnings stream.</p><p><blockquote>市场对这种收入弹性给予了奖励，这是有记录的。TROW股价较2020年3月低点上涨近150%，轻松超过同期大盘涨幅。不过，即使涨幅如此之大，该股似乎仍然很便宜，其定价为今年预期收益的17.4倍，仅为明年每股收益预期的16.5倍。从长远来看，标普500本身的历史市盈率接近30，前瞻性市盈率为22.4。T.Rowe Price目前的股息收益率略低于2%，也高于标普500目前1.3%的收益率，并且显然得到了基金公司可靠的收入和盈利流的良好支持。</blockquote></p><p> Sharp investors will point out that TROW shares are relatively cheap because T. Rowe Price has limited growth prospects. But as noted earlier, for better or worse, a typical fund company's results are mostly a function of the market's overall value.</p><p><blockquote>敏锐的投资者会指出，TROW股票相对便宜，因为T.Rowe价格的增长前景有限。但如前所述，无论好坏，典型基金公司的业绩主要取决于市场整体价值。</blockquote></p><p></p><p> There's a kicker that could drive unexpected growth for the company in the foreseeable future, though. Late last month, T. Rowe Price Group announced plans to acquire Oak Hill Advisors, putting the company deeper into an alternative investment arena where it's not currently well represented. The combination of the two organizations presents compelling cross-selling opportunities. The deal, however, may also hint at other, similar dealmaking to come.</p><p><blockquote>不过，在可预见的未来，有一个因素可能会推动该公司出现意想不到的增长。上个月末，T.Rowe Price Group宣布计划收购Oak Hill Advisors，使该公司更深入地进入目前代表性不足的另类投资领域。这两个组织的合并带来了引人注目的交叉销售机会。然而，这笔交易也可能暗示其他类似的交易即将到来。</blockquote></p><p> The smart rules still apply</p><p><blockquote>smart规则仍然适用</blockquote></p><p> Purchasing T. Rowe Price here and now, of course, makes sense only if your portfolio is in need of a financial name. If you're already heavily exposed to the financial sector or hold shares of a rival publicly traded mutual fund family, adding another one isn't necessarily your best move.</p><p><blockquote>当然，只有当您的投资组合需要一个财务名称时，此时此地购买T.Rowe Price才有意义。如果您已经大量投资于金融行业或持有竞争对手的公开交易共同基金家族的股票，那么添加另一个不一定是您的最佳举措。</blockquote></p><p> If you've got room and reason to add a financial stock to your mix, though, this one's bargain-priced given its high quality.</p><p><blockquote>不过，如果您有空间和理由在您的组合中添加金融股，那么鉴于其高质量，这只股票的价格很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/09/dont-wait-for-market-crash-buy-this-value-stock/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TROW":"普信集团"},"source_url":"https://www.fool.com/investing/2021/11/09/dont-wait-for-market-crash-buy-this-value-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148931135","content_text":"If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positions, then kudos. You understand that the market ebbs and flows and that you can and should use these swings to your advantage.\nIf you understand the market is forever rising and falling, though, then you probably also know these ebbs and flows can be rather unpredictable. That means trying to perfectly time your entries can cost more money than it saves because of the gains missed in the meantime. As always, the key is balancing the true risk of stepping into a certain stock with that stock's plausible upside potential.\nShares of T. Rowe Price Group(NASDAQ:TROW) are too cheap right now to pass up while waiting for a market crash that may never actually take shape.\nNice work if you can get it\nYou know the organization. T. Rowe Price is, of course, the company that manages a large family of mutual funds with the same name. With $1.6 trillion worth of assets under its management, there's even a good chance that you're a customer.\nThere's also a good chance you're underestimating the reliability of the mutual fund industry's business model.\nHave you ever thought about how fund companies make money? Some charge an upfront load when you enter a new position, but that's not necessarily the primary goal; that load fee is typically shared with the brokerage firm anyway. Rather, fund companies are hoping you become long-term customers so they can collect a recurring management fee, year in and year out. These fees are minimal, usually costing less than 1% of the value of assets held by a particular fund's investment pool. Once you're a fund company's customer, though, it no longer has to fight to bring you into the fold. You're annuitized, in a sense, as long as you stick with that investment -- which investors typically do. And this management fee is automatically collected regardless of a fund's performance.\nThe end result? A steady stream of predictable revenue and profits.\nThe proof of the pudding\nYou have only to look at T. Rowe Price Group's top and bottom lines for the last year to appreciate the premise. Despite lockdowns and the subsequent economic slowdown, T. Rowe Price managed to beef up 2020's revenue by more than 10%, driving a 15% increase in net operating income and extending a long-standing growth streak.\nMakes sense. A slew of bored consumers turned to the stock market for entertainment in lieu of sports and other live events. Indeed, 2020 ushered in the era of meme stocks and rekindled rarities like short squeezes, SPACs, and more. That mania has only been amplified this year.\nExcept that none of those things generate revenue or earnings for mutual funds. Fund revenue is linked only to the amount of money that fund manages. Because of this, T. Rowe Price's 2020 revenue growth can be mostly attributed to the 12.5% increase in the amount of assets it was managing by the end of the year. And that growth can largely be chalked up to the fact that the S&P 500(SNPINDEX:^GSPC)itself ended 2020 more than 16% above where it ended 2019.\nConnect the dots. Mutual fund companies obviously want the broad market to increase in value, as that drives sales and earnings growth. Even if the market is lousy and falling, though, T. Rowe Price is still going to collect its management fees. Its biggest challenge is simply convincing investors to continue holding their funds even when times are tough for stocks.\nLow valuation, high potential\nThe market has rewarded this revenue resiliency, for the record. TROW shares are up nearly 150% from their March 2020 low, easily outpacing the broad market's gains for the same period. Even with this big gain, though, the stock's still seemingly cheap, priced at 17.4 times this year's expected earnings and only 16.5 times next year's per-share earnings estimates. For perspective, the S&P 500 itself is valued at a trailing price/earnings ratio of nearly 30 and a forward-looking P/E ratio of 22.4. T. Rowe Price's current dividend yield of just under 2% is also stronger than the S&P 500's present yield of 1.3% and is clearly well supported by the fund company's reliable revenue and earnings stream.\nSharp investors will point out that TROW shares are relatively cheap because T. Rowe Price has limited growth prospects. But as noted earlier, for better or worse, a typical fund company's results are mostly a function of the market's overall value.\nThere's a kicker that could drive unexpected growth for the company in the foreseeable future, though. Late last month, T. Rowe Price Group announced plans to acquire Oak Hill Advisors, putting the company deeper into an alternative investment arena where it's not currently well represented. The combination of the two organizations presents compelling cross-selling opportunities. The deal, however, may also hint at other, similar dealmaking to come.\nThe smart rules still apply\nPurchasing T. Rowe Price here and now, of course, makes sense only if your portfolio is in need of a financial name. If you're already heavily exposed to the financial sector or hold shares of a rival publicly traded mutual fund family, adding another one isn't necessarily your best move.\nIf you've got room and reason to add a financial stock to your mix, though, this one's bargain-priced given its high quality.","news_type":1,"symbols_score_info":{"TROW":0.9}},"isVote":1,"tweetType":1,"viewCount":1875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848795213,"gmtCreate":1636027144876,"gmtModify":1636027274974,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Gogogo","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Gogogo","text":"$XPeng Inc.(XPEV)$Gogogo","images":[{"img":"https://static.tigerbbs.com/37a9cad5ffc945733576af45a9f1b88e","width":"750","height":"2498"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848795213","isVote":1,"tweetType":1,"viewCount":1991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":841653432,"gmtCreate":1635908919096,"gmtModify":1635908919096,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Gogogo","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Gogogo","text":"$Walt 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[Miser]","images":[{"img":"https://static.tigerbbs.com/3a25be166af47e2e36f36e2095e0a435","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834941738","isVote":1,"tweetType":1,"viewCount":1756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831567608,"gmtCreate":1629335993704,"gmtModify":1633685603390,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/831567608","repostId":"830407771","repostType":1,"repost":{"id":830407771,"gmtCreate":1629086964593,"gmtModify":1629129901909,"author":{"id":"3568358014488959","authorId":"3568358014488959","name":"KennyLSJ","avatar":"https://static.tigerbbs.com/6b5ebe536d7e7f6f56f6fcaeab8f5eda","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568358014488959","idStr":"3568358014488959"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>AMC has been on a roller coaster ride for slightly more than half a year! Having gone through their past earning reports down to 2017, I have noticed that they will need more than $1.4 billion per quarter in order for them to be in a profitable quarter.With more than their&nbsp;500++ venues opened in US and&nbsp;110+ venues overseas, majority of their screens are opened. Now, it is important that more movies that held back their release date from last year. As this quarter theirrevenue is only $444million, they will need another $1 billion revenue per quarter to become profitable.As we are near&nbsp;the end of the summer, let’s see if there will be an increase in the releaseof more movies during the upcoming Q4’2021 festive sea","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>AMC has been on a roller coaster ride for slightly more than half a year! Having gone through their past earning reports down to 2017, I have noticed that they will need more than $1.4 billion per quarter in order for them to be in a profitable quarter.With more than their&nbsp;500++ venues opened in US and&nbsp;110+ venues overseas, majority of their screens are opened. Now, it is important that more movies that held back their release date from last year. As this quarter theirrevenue is only $444million, they will need another $1 billion revenue per quarter to become profitable.As we are near&nbsp;the end of the summer, let’s see if there will be an increase in the releaseof more movies during the upcoming Q4’2021 festive sea","text":"$AMC Entertainment(AMC)$AMC has been on a roller coaster ride for slightly more than half a year! Having gone through their past earning reports down to 2017, I have noticed that they will need more than $1.4 billion per quarter in order for them to be in a profitable quarter.With more than their 500++ venues opened in US and 110+ venues overseas, majority of their screens are opened. Now, it is important that more movies that held back their release date from last year. As this quarter theirrevenue is only $444million, they will need another $1 billion revenue per quarter to become profitable.As we are near the end of the summer, let’s see if there will be an increase in the releaseof more movies during the upcoming Q4’2021 festive sea","images":[{"img":"https://static.tigerbbs.com/9e32b9cfad5fe149fe8772e23817f5f8","width":"2001","height":"1125"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830407771","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833224363,"gmtCreate":1629246348452,"gmtModify":1631885375119,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HCMC\">$Healthier Choices Management Corp.(HCMC)$</a>Waiting for it","listText":"<a href=\"https://laohu8.com/S/HCMC\">$Healthier Choices Management Corp.(HCMC)$</a>Waiting for it","text":"$Healthier Choices Management Corp.(HCMC)$Waiting for it","images":[{"img":"https://static.tigerbbs.com/eb8fd950567dc0f3197d15c81d9e9ced","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833224363","isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893068575,"gmtCreate":1628221955797,"gmtModify":1633752452506,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893068575","repostId":"1196684672","repostType":2,"repost":{"id":"1196684672","kind":"news","pubTimestamp":1628221912,"share":"https://www.laohu8.com/m/news/1196684672?lang=zh_CN&edition=full","pubTime":"2021-08-06 11:51","market":"us","language":"en","title":"Warren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196684672","media":"Barrons","summary":"Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% r","content":"<p>Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% rise in its book value and a 10% increase in operating earnings.</p><p><blockquote>伯克希尔哈撒韦公司预计将于周六公布强劲的第二季度业绩，其中账面价值增长7%，营业利润增长10%。</blockquote></p><p> Berkshire (ticker: BRK.A and BRK.B) likely benefited in the second quarter from a 10% gain in the value of its roughly $300 billion equity portfolio, with about half that appreciation driven by a 12% increase in the share price of Apple (AAPL), Berkshire’s largest equity holding at more than $120 billion.</p><p><blockquote>伯克希尔哈撒韦公司（股票代码：BRK.A和BRK.B）第二季度可能受益于其约3000亿美元的股票投资组合价值10%的增长，其中约一半的增长是由股价上涨12%推动的苹果(AAPL)是伯克希尔哈撒韦公司最大的持股，价值超过1200亿美元。</blockquote></p><p> This estimate on investment portfolio gains comes from Edward Jones analyst James Shanahan who has a Buy rating on the stock.</p><p><blockquote>这一对投资组合收益的估计来自爱德华·琼斯分析师詹姆斯·沙纳汉，他对该股给予买入评级。</blockquote></p><p> Investors will be focused on book value, earnings, and stock repurchases given that CEO Warren Buffett has&nbsp;ramped up the buyback program in recent quarters. The buybacks in the period should total about $6.5 billion, in line with the $6.6 billion in the first quarter.</p><p><blockquote>鉴于首席执行官沃伦·巴菲特最近几个季度加大了回购计划，投资者将关注账面价值、收益和股票回购。该期间的回购总额应约为65亿美元，与第一季度的66亿美元持平。</blockquote></p><p> This estimate of second-quarter repurchases is based ona filing&nbsp;that Buffett made of his Berkshire holdings in late June after his annual donation of stock to the Bill &amp; Melinda Gates Foundation and other philanthropies.</p><p><blockquote>巴菲特向《比尔及梅琳达·盖茨基金会》和其他慈善机构捐赠了年度股票后，于6月下旬提交了一份关于其持有的伯克希尔股份的文件。</blockquote></p><p> The filing showed Buffett’s percentage ownership of Berkshire on June 21 stood at 15.8%.<i>Barron’s</i>calculated a share count for that date based on that figure and compared it with the shares outstanding on March 31 to estimate the buybacks in the second quarter.</p><p><blockquote>文件显示，截至6月21日，巴菲特在伯克希尔的持股比例为15.8%。<i>巴伦周刊</i>根据该数字计算该日期的股票数量，并将其与3月31日已发行股票进行比较，以估计第二季度的回购情况。</blockquote></p><p> Berkshire’s buybacks have run at about 1% of the shares outstanding a quarter during 2021, with the company valued at about $640 billion.</p><p><blockquote>伯克希尔的回购已在2021年某个季度达到发行股份的1%左右，该公司价值约6400亿美元。</blockquote></p><p> Berkshire’s class A shares, which rose 0.3%, to $421,306, on Thursday, have risen almost 21% this year, outpacing the S&amp;P 500 index, which has gained about 18%. Berkshire’s more liquid class B shares rose 0.5%, to $280.21, on&nbsp;Thursday.</p><p><blockquote>Berkshire的A类股周四上涨0.3%，至421,306美元，今年以来已上涨近21%，超过了上涨约18%的标普500指数。伯克希尔流动性更强的B类股周四上涨0.5%，至280.21美元。</blockquote></p><p> Shanahan of Edward Jones estimates that book value stood at $314,000 per class A shares on June 30, up 7% from the March 31 level. That would mean that Berkshire stock now trades for about 1.3 times its estimated June 30 book value, slightly below the five-year average price/book ratio.</p><p><blockquote>Edward Jones的沙纳汉估计，截至6月30日，每股A类股的账面价值为314,000美元，较3月31日的水平上涨7%。这意味着伯克希尔股票目前的交易价格约为6月30日估计账面价值的1.3倍，略低于五年平均市净率。</blockquote></p><p> Berkshire’s earnings growth in the second quarter may have been powered by its largest single unit, Burlington Northern Santa Fe, as well as its many industrial and housing-related businesses. Berkshire’s after-tax operating earnings are expected to increase 10% to $2.51 per class B share, according to FactSet.</p><p><blockquote>伯克希尔第二季度的盈利增长可能是由其最大的单一部门伯灵顿北圣达菲以及许多工业和住房相关业务推动的。FactSet的数据显示，伯克希尔的税后营业利润预计将增长10%，达到每股B类股2.51美元。</blockquote></p><p> Berkshire owns Clayton Homes, a maker of manufactured housing, Shaw Industries, a producer of carpet and other flooring, and Benjamin Moore, a maker of paints. Burlington Northern’s rival railroad in the western half of the country,Union Pacific(UNP), recently reported a 50% increase in second-quarter operating income relative to the year-earlier period.</p><p><blockquote>伯克希尔拥有活动房屋制造商Clayton Homes、地毯和其他地板生产商Shaw Industries以及油漆制造商Benjamin Moore。伯灵顿北方铁路公司在该国西半部的竞争对手联合太平洋铁路公司(UNP)最近报告称，第二季度营业收入较去年同期增长了50%。</blockquote></p><p> Investors also will be interested to see whether Berkshire was a net buyer of stocks in the second quarter. Buffett has seen limited opportunities in recent quarters, and Berkshire was a net seller of $3 billion of stocks in the first quarter. His biggest purchase in recent quarters has been&nbsp;Verizon Communications(VZ). Berkshire owns about $8 billion of the telecom company.</p><p><blockquote>投资者还将有兴趣了解伯克希尔哈撒韦公司是否是第二季度股票的净买家。巴菲特近几个季度看到的机会有限，伯克希尔一季度净卖出30亿美元股票。他最近几个季度最大的收购是Verizon Communications(VZ)。伯克希尔拥有这家电信公司约80亿美元的股份。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</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\">\nWarren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-06 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% rise in its book value and a 10% increase in operating earnings.</p><p><blockquote>伯克希尔哈撒韦公司预计将于周六公布强劲的第二季度业绩，其中账面价值增长7%，营业利润增长10%。</blockquote></p><p> Berkshire (ticker: BRK.A and BRK.B) likely benefited in the second quarter from a 10% gain in the value of its roughly $300 billion equity portfolio, with about half that appreciation driven by a 12% increase in the share price of Apple (AAPL), Berkshire’s largest equity holding at more than $120 billion.</p><p><blockquote>伯克希尔哈撒韦公司（股票代码：BRK.A和BRK.B）第二季度可能受益于其约3000亿美元的股票投资组合价值10%的增长，其中约一半的增长是由股价上涨12%推动的苹果(AAPL)是伯克希尔哈撒韦公司最大的持股，价值超过1200亿美元。</blockquote></p><p> This estimate on investment portfolio gains comes from Edward Jones analyst James Shanahan who has a Buy rating on the stock.</p><p><blockquote>这一对投资组合收益的估计来自爱德华·琼斯分析师詹姆斯·沙纳汉，他对该股给予买入评级。</blockquote></p><p> Investors will be focused on book value, earnings, and stock repurchases given that CEO Warren Buffett has&nbsp;ramped up the buyback program in recent quarters. The buybacks in the period should total about $6.5 billion, in line with the $6.6 billion in the first quarter.</p><p><blockquote>鉴于首席执行官沃伦·巴菲特最近几个季度加大了回购计划，投资者将关注账面价值、收益和股票回购。该期间的回购总额应约为65亿美元，与第一季度的66亿美元持平。</blockquote></p><p> This estimate of second-quarter repurchases is based ona filing&nbsp;that Buffett made of his Berkshire holdings in late June after his annual donation of stock to the Bill &amp; Melinda Gates Foundation and other philanthropies.</p><p><blockquote>巴菲特向《比尔及梅琳达·盖茨基金会》和其他慈善机构捐赠了年度股票后，于6月下旬提交了一份关于其持有的伯克希尔股份的文件。</blockquote></p><p> The filing showed Buffett’s percentage ownership of Berkshire on June 21 stood at 15.8%.<i>Barron’s</i>calculated a share count for that date based on that figure and compared it with the shares outstanding on March 31 to estimate the buybacks in the second quarter.</p><p><blockquote>文件显示，截至6月21日，巴菲特在伯克希尔的持股比例为15.8%。<i>巴伦周刊</i>根据该数字计算该日期的股票数量，并将其与3月31日已发行股票进行比较，以估计第二季度的回购情况。</blockquote></p><p> Berkshire’s buybacks have run at about 1% of the shares outstanding a quarter during 2021, with the company valued at about $640 billion.</p><p><blockquote>伯克希尔的回购已在2021年某个季度达到发行股份的1%左右，该公司价值约6400亿美元。</blockquote></p><p> Berkshire’s class A shares, which rose 0.3%, to $421,306, on Thursday, have risen almost 21% this year, outpacing the S&amp;P 500 index, which has gained about 18%. Berkshire’s more liquid class B shares rose 0.5%, to $280.21, on&nbsp;Thursday.</p><p><blockquote>Berkshire的A类股周四上涨0.3%，至421,306美元，今年以来已上涨近21%，超过了上涨约18%的标普500指数。伯克希尔流动性更强的B类股周四上涨0.5%，至280.21美元。</blockquote></p><p> Shanahan of Edward Jones estimates that book value stood at $314,000 per class A shares on June 30, up 7% from the March 31 level. That would mean that Berkshire stock now trades for about 1.3 times its estimated June 30 book value, slightly below the five-year average price/book ratio.</p><p><blockquote>Edward Jones的沙纳汉估计，截至6月30日，每股A类股的账面价值为314,000美元，较3月31日的水平上涨7%。这意味着伯克希尔股票目前的交易价格约为6月30日估计账面价值的1.3倍，略低于五年平均市净率。</blockquote></p><p> Berkshire’s earnings growth in the second quarter may have been powered by its largest single unit, Burlington Northern Santa Fe, as well as its many industrial and housing-related businesses. Berkshire’s after-tax operating earnings are expected to increase 10% to $2.51 per class B share, according to FactSet.</p><p><blockquote>伯克希尔第二季度的盈利增长可能是由其最大的单一部门伯灵顿北圣达菲以及许多工业和住房相关业务推动的。FactSet的数据显示，伯克希尔的税后营业利润预计将增长10%，达到每股B类股2.51美元。</blockquote></p><p> Berkshire owns Clayton Homes, a maker of manufactured housing, Shaw Industries, a producer of carpet and other flooring, and Benjamin Moore, a maker of paints. Burlington Northern’s rival railroad in the western half of the country,Union Pacific(UNP), recently reported a 50% increase in second-quarter operating income relative to the year-earlier period.</p><p><blockquote>伯克希尔拥有活动房屋制造商Clayton Homes、地毯和其他地板生产商Shaw Industries以及油漆制造商Benjamin Moore。伯灵顿北方铁路公司在该国西半部的竞争对手联合太平洋铁路公司(UNP)最近报告称，第二季度营业收入较去年同期增长了50%。</blockquote></p><p> Investors also will be interested to see whether Berkshire was a net buyer of stocks in the second quarter. Buffett has seen limited opportunities in recent quarters, and Berkshire was a net seller of $3 billion of stocks in the first quarter. His biggest purchase in recent quarters has been&nbsp;Verizon Communications(VZ). Berkshire owns about $8 billion of the telecom company.</p><p><blockquote>投资者还将有兴趣了解伯克希尔哈撒韦公司是否是第二季度股票的净买家。巴菲特近几个季度看到的机会有限，伯克希尔一季度净卖出30亿美元股票。他最近几个季度最大的收购是Verizon Communications(VZ)。伯克希尔拥有这家电信公司约80亿美元的股份。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-is-reporting-earnings-on-saturday-heres-what-to-expect-51628176595?mod=hp_DAY_9\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-is-reporting-earnings-on-saturday-heres-what-to-expect-51628176595?mod=hp_DAY_9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196684672","content_text":"Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% rise in its book value and a 10% increase in operating earnings.\nBerkshire (ticker: BRK.A and BRK.B) likely benefited in the second quarter from a 10% gain in the value of its roughly $300 billion equity portfolio, with about half that appreciation driven by a 12% increase in the share price of Apple (AAPL), Berkshire’s largest equity holding at more than $120 billion.\nThis estimate on investment portfolio gains comes from Edward Jones analyst James Shanahan who has a Buy rating on the stock.\nInvestors will be focused on book value, earnings, and stock repurchases given that CEO Warren Buffett has ramped up the buyback program in recent quarters. The buybacks in the period should total about $6.5 billion, in line with the $6.6 billion in the first quarter.\nThis estimate of second-quarter repurchases is based ona filing that Buffett made of his Berkshire holdings in late June after his annual donation of stock to the Bill & Melinda Gates Foundation and other philanthropies.\nThe filing showed Buffett’s percentage ownership of Berkshire on June 21 stood at 15.8%.Barron’scalculated a share count for that date based on that figure and compared it with the shares outstanding on March 31 to estimate the buybacks in the second quarter.\nBerkshire’s buybacks have run at about 1% of the shares outstanding a quarter during 2021, with the company valued at about $640 billion.\nBerkshire’s class A shares, which rose 0.3%, to $421,306, on Thursday, have risen almost 21% this year, outpacing the S&P 500 index, which has gained about 18%. Berkshire’s more liquid class B shares rose 0.5%, to $280.21, on Thursday.\nShanahan of Edward Jones estimates that book value stood at $314,000 per class A shares on June 30, up 7% from the March 31 level. That would mean that Berkshire stock now trades for about 1.3 times its estimated June 30 book value, slightly below the five-year average price/book ratio.\nBerkshire’s earnings growth in the second quarter may have been powered by its largest single unit, Burlington Northern Santa Fe, as well as its many industrial and housing-related businesses. Berkshire’s after-tax operating earnings are expected to increase 10% to $2.51 per class B share, according to FactSet.\nBerkshire owns Clayton Homes, a maker of manufactured housing, Shaw Industries, a producer of carpet and other flooring, and Benjamin Moore, a maker of paints. Burlington Northern’s rival railroad in the western half of the country,Union Pacific(UNP), recently reported a 50% increase in second-quarter operating income relative to the year-earlier period.\nInvestors also will be interested to see whether Berkshire was a net buyer of stocks in the second quarter. Buffett has seen limited opportunities in recent quarters, and Berkshire was a net seller of $3 billion of stocks in the first quarter. His biggest purchase in recent quarters has been Verizon Communications(VZ). Berkshire owns about $8 billion of the telecom company.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807730994,"gmtCreate":1628055946118,"gmtModify":1631885375189,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HCMC\">$Healthier Choices Management Corp.(HCMC)$</a>[Cry]&nbsp;","listText":"<a href=\"https://laohu8.com/S/HCMC\">$Healthier Choices Management Corp.(HCMC)$</a>[Cry]&nbsp;","text":"$Healthier Choices Management Corp.(HCMC)$[Cry]","images":[{"img":"https://static.tigerbbs.com/237614c46bc28d08276eac7607617a9f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/807730994","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":807797896,"gmtCreate":1628055866115,"gmtModify":1633753973759,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807797896","repostId":"1131301292","repostType":2,"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807794347,"gmtCreate":1628055768589,"gmtModify":1633753974797,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807794347","repostId":"1105735217","repostType":2,"repost":{"id":"1105735217","kind":"news","pubTimestamp":1628055148,"share":"https://www.laohu8.com/m/news/1105735217?lang=zh_CN&edition=full","pubTime":"2021-08-04 13:32","market":"us","language":"en","title":"The VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105735217","media":"investing.com","summary":"The S&P 500 rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but mana","content":"<p>The&nbsp;<a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but managed to find some buying after Europe closed around 11:30. It came in a rather big wave, which looked like several buy programs, based on the nature of the advance. There was no news to push it either. The index did close shy of the intraday high at 4430.</p><p><blockquote>The<a href=\"https://laohu8.com/S/.SPX\">标普500</a>周二反弹，上涨80个基点至收盘新高。该指数开盘走低，但在欧洲11:30左右收盘后找到了一些买盘。它出现了一波相当大的浪潮，根据预付款的性质，看起来像是几个购买计划。也没有什么消息可以推。该指数收盘时确实低于4430点的盘中高点。</blockquote></p><p> Today will be the&nbsp;ADP job report&nbsp;and ISM&nbsp;Services&nbsp;index. The ADP report has not been a reliable indicator of late when it comes to predicting the BLS job report, but then again, nothing has been. I’m more curious to see if the ISM index indicates the same overall slowing trend the&nbsp;manufacturing PMI&nbsp;showed.</p><p><blockquote>今天将是ADP就业报告和ISM服务业指数。在预测BLS就业报告方面，ADP报告最近并不是一个可靠的指标，但话又说回来，没有什么是可靠的。我更好奇的是，ISM指数是否显示出与制造业PMI相同的整体放缓趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/37073b36f6f72f98a9d9e6c69558a0f0\" tg-width=\"934\" tg-height=\"618\" width=\"100%\" height=\"auto\">S&amp;P 500 Index 5-Min Chart</p><p><blockquote>标普500指数5分钟图</blockquote></p><p> <h3><b>VIX</b></h3> Tuesday's rally seemed to have more to do with a&nbsp;<a href=\"https://laohu8.com/S/VIX\">Cboe Volatility Index</a> moving lower than because of positive market sentiment. Nothing changed overnight; even yields were flat, as was thedollar.</p><p><blockquote><h3><b>VIX</b></h3>周二的反弹似乎更多地与<a href=\"https://laohu8.com/S/VIX\">芝加哥期权交易所波动率指数</a>由于积极的市场情绪而走低。一夜之间什么都没有改变；甚至收益率也持平，美元也是如此。</blockquote></p><p> There was no reason for the reflation sector to rally; the rally reflected broad-based index buying, which takes everything up with it. The VIX fell to 18, and with implied volatility falling, it provides the fuel needed for that index buying. There is a slight uptrend to the VIX, and it would not be surprising to see the VIX start pushing higher today.</p><p><blockquote>通货再膨胀板块没有理由反弹；这次反弹反映了广泛的指数买盘，这让一切都随之上涨。VIX跌至18，随着隐含波动率下降，它为该指数购买提供了所需的燃料。VIX有小幅上升趋势，今天看到VIX开始走高也就不足为奇了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b85070227e0db6cbe7029f4a3452221\" tg-width=\"939\" tg-height=\"616\" width=\"100%\" height=\"auto\">VIX Daily Chart&nbsp;</p><p><blockquote>VIX日线图</blockquote></p><p> <h3><b>10-Year Treasury</b></h3> The10-year&nbsp;finished the day at 1.17%; it continues to look as if rates want to head to lower levels.</p><p><blockquote><h3><b>10年期国债</b></h3>10年期国债收于1.17%；利率似乎仍然希望降至较低水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3d57ad97216f4f6747b29debcdd59290\" tg-width=\"936\" tg-height=\"621\" width=\"100%\" height=\"auto\">US Govt Bonds 1 Yr Yield Daily Chart</p><p><blockquote>美国政府债券1年期收益率日线图</blockquote></p><p> <h3><b>Financials</b></h3> The Financial Select Sector SPDR® Fund (NYSE:XLF) was sitting on resistance at $37. If it can break that resistance zone, it could easily move back to the prior highs. Absent yields rising; I don’t see how the XLF breaks higher or why it would.</p><p><blockquote><h3><b>财务</b></h3>金融精选行业SPDR®基金（纽约证券交易所股票代码：XLF）位于37美元的阻力位。如果它能够突破该阻力区，它可以轻松回到之前的高点。缺席收益率上升；我不明白XLF如何突破，也不明白为什么会突破。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/358304c37db3c821ec7c16330b355c6b\" tg-width=\"938\" tg-height=\"622\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">XLF Daily Chart&nbsp;</p><p><blockquote>XLF日线图</blockquote></p><p> <h3><b>Wells Fargo</b></h3> <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> appeared to be the best positioned of the financials to rise, at least based on the chart. It is the most similar to the ETF. It, too, is at resistance around $47. A push above $47 probably opens a path for the stock to climb to $49ish.</p><p><blockquote><h3><b>富国银行</b></h3><a href=\"https://laohu8.com/S/WFC\">富国银行</a>至少从图表来看，它似乎是金融股中最有可能上涨的。它与ETF最相似。它也处于47美元左右的阻力位。突破47美元可能会为该股攀升至49美元左右开辟道路。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/195d4b272492d166c9296221a82140d9\" tg-width=\"1214\" tg-height=\"614\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Wells Fargo Daily Chart</p><p><blockquote>富国银行日线图</blockquote></p><p> <h3><b>Snowflake</b></h3> <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> had a strong day, finally clearing the resistance level we had been watching for a few weeks at $285. If the market stays healthy, it probably does have a good shot at moving up to $325.</p><p><blockquote><h3><b>雪花</b></h3><a href=\"https://laohu8.com/S/SNOW\">雪花</a>度过了强劲的一天，最终清除了我们关注了几周的阻力位285美元。如果市场保持健康，它可能很有可能升至325美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/55eee6dfce1d1be4765d4e136ac7ae94\" tg-width=\"1207\" tg-height=\"619\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Snowflake Inc Daily Chart</p><p><blockquote>雪花公司日线图</blockquote></p><p> <b>UnitedHealth</b></p><p><blockquote><b>联合健康</b></blockquote></p><p> The&nbsp;Healthcare sector&nbsp;had a strong day today, with <a href=\"https://laohu8.com/S/UNH\">UnitedHealth</a> jumping back to its all-time highs. The $420 price range has been trouble for United for some time now. The pattern looks similar to the one that was seen in November and January. If it gets over $420, it could have some distance to climb.</p><p><blockquote>医疗保健板块今天表现强劲，<a href=\"https://laohu8.com/S/UNH\">联合健康</a>跳回到历史高点。一段时间以来，420美元的价格范围一直是美联航的麻烦。这种模式看起来与11月和1月的模式相似。如果价格超过420美元，可能还有一段距离需要攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c19e5484317b97e4a7b301ff1f1a391\" tg-width=\"1203\" tg-height=\"617\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">roup Inc. Daily Chart</p><p><blockquote>roup Inc.日线图</blockquote></p><p> <h3><b>Cisco</b></h3> <a href=\"https://laohu8.com/S/CSCO\">Cisco</a> had a nice move up too. This is another stock breaking free of its recent range, and it appears to be shifting from bearish to bullish momentum. The stock probably has some further room to climb, possibly to around $58.</p><p><blockquote><h3><b>思科</b></h3><a href=\"https://laohu8.com/S/CSCO\">思科</a>也有一个很好的提升。这是另一只突破近期区间的股票，它似乎正在从看跌转向看涨势头。该股可能还有进一步上涨的空间，可能达到58美元左右。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1bc83949b07aed1706d448fd81406711\" tg-width=\"1206\" tg-height=\"620\" width=\"100%\" height=\"auto\">Cisco Systems Inc Daily Chart</p><p><blockquote>思科系统公司日线图</blockquote></p><p></p>","source":"lsy1594375853987","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investing.com</strong><span class=\"h-time small\">2021-08-04 13:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The&nbsp;<a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but managed to find some buying after Europe closed around 11:30. It came in a rather big wave, which looked like several buy programs, based on the nature of the advance. There was no news to push it either. The index did close shy of the intraday high at 4430.</p><p><blockquote>The<a href=\"https://laohu8.com/S/.SPX\">标普500</a>周二反弹，上涨80个基点至收盘新高。该指数开盘走低，但在欧洲11:30左右收盘后找到了一些买盘。它出现了一波相当大的浪潮，根据预付款的性质，看起来像是几个购买计划。也没有什么消息可以推。该指数收盘时确实低于4430点的盘中高点。</blockquote></p><p> Today will be the&nbsp;ADP job report&nbsp;and ISM&nbsp;Services&nbsp;index. The ADP report has not been a reliable indicator of late when it comes to predicting the BLS job report, but then again, nothing has been. I’m more curious to see if the ISM index indicates the same overall slowing trend the&nbsp;manufacturing PMI&nbsp;showed.</p><p><blockquote>今天将是ADP就业报告和ISM服务业指数。在预测BLS就业报告方面，ADP报告最近并不是一个可靠的指标，但话又说回来，没有什么是可靠的。我更好奇的是，ISM指数是否显示出与制造业PMI相同的整体放缓趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/37073b36f6f72f98a9d9e6c69558a0f0\" tg-width=\"934\" tg-height=\"618\" width=\"100%\" height=\"auto\">S&amp;P 500 Index 5-Min Chart</p><p><blockquote>标普500指数5分钟图</blockquote></p><p> <h3><b>VIX</b></h3> Tuesday's rally seemed to have more to do with a&nbsp;<a href=\"https://laohu8.com/S/VIX\">Cboe Volatility Index</a> moving lower than because of positive market sentiment. Nothing changed overnight; even yields were flat, as was thedollar.</p><p><blockquote><h3><b>VIX</b></h3>周二的反弹似乎更多地与<a href=\"https://laohu8.com/S/VIX\">芝加哥期权交易所波动率指数</a>由于积极的市场情绪而走低。一夜之间什么都没有改变；甚至收益率也持平，美元也是如此。</blockquote></p><p> There was no reason for the reflation sector to rally; the rally reflected broad-based index buying, which takes everything up with it. The VIX fell to 18, and with implied volatility falling, it provides the fuel needed for that index buying. There is a slight uptrend to the VIX, and it would not be surprising to see the VIX start pushing higher today.</p><p><blockquote>通货再膨胀板块没有理由反弹；这次反弹反映了广泛的指数买盘，这让一切都随之上涨。VIX跌至18，随着隐含波动率下降，它为该指数购买提供了所需的燃料。VIX有小幅上升趋势，今天看到VIX开始走高也就不足为奇了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b85070227e0db6cbe7029f4a3452221\" tg-width=\"939\" tg-height=\"616\" width=\"100%\" height=\"auto\">VIX Daily Chart&nbsp;</p><p><blockquote>VIX日线图</blockquote></p><p> <h3><b>10-Year Treasury</b></h3> The10-year&nbsp;finished the day at 1.17%; it continues to look as if rates want to head to lower levels.</p><p><blockquote><h3><b>10年期国债</b></h3>10年期国债收于1.17%；利率似乎仍然希望降至较低水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3d57ad97216f4f6747b29debcdd59290\" tg-width=\"936\" tg-height=\"621\" width=\"100%\" height=\"auto\">US Govt Bonds 1 Yr Yield Daily Chart</p><p><blockquote>美国政府债券1年期收益率日线图</blockquote></p><p> <h3><b>Financials</b></h3> The Financial Select Sector SPDR® Fund (NYSE:XLF) was sitting on resistance at $37. If it can break that resistance zone, it could easily move back to the prior highs. Absent yields rising; I don’t see how the XLF breaks higher or why it would.</p><p><blockquote><h3><b>财务</b></h3>金融精选行业SPDR®基金（纽约证券交易所股票代码：XLF）位于37美元的阻力位。如果它能够突破该阻力区，它可以轻松回到之前的高点。缺席收益率上升；我不明白XLF如何突破，也不明白为什么会突破。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/358304c37db3c821ec7c16330b355c6b\" tg-width=\"938\" tg-height=\"622\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">XLF Daily Chart&nbsp;</p><p><blockquote>XLF日线图</blockquote></p><p> <h3><b>Wells Fargo</b></h3> <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> appeared to be the best positioned of the financials to rise, at least based on the chart. It is the most similar to the ETF. It, too, is at resistance around $47. A push above $47 probably opens a path for the stock to climb to $49ish.</p><p><blockquote><h3><b>富国银行</b></h3><a href=\"https://laohu8.com/S/WFC\">富国银行</a>至少从图表来看，它似乎是金融股中最有可能上涨的。它与ETF最相似。它也处于47美元左右的阻力位。突破47美元可能会为该股攀升至49美元左右开辟道路。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/195d4b272492d166c9296221a82140d9\" tg-width=\"1214\" tg-height=\"614\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Wells Fargo Daily Chart</p><p><blockquote>富国银行日线图</blockquote></p><p> <h3><b>Snowflake</b></h3> <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> had a strong day, finally clearing the resistance level we had been watching for a few weeks at $285. If the market stays healthy, it probably does have a good shot at moving up to $325.</p><p><blockquote><h3><b>雪花</b></h3><a href=\"https://laohu8.com/S/SNOW\">雪花</a>度过了强劲的一天，最终清除了我们关注了几周的阻力位285美元。如果市场保持健康，它可能很有可能升至325美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/55eee6dfce1d1be4765d4e136ac7ae94\" tg-width=\"1207\" tg-height=\"619\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Snowflake Inc Daily Chart</p><p><blockquote>雪花公司日线图</blockquote></p><p> <b>UnitedHealth</b></p><p><blockquote><b>联合健康</b></blockquote></p><p> The&nbsp;Healthcare sector&nbsp;had a strong day today, with <a href=\"https://laohu8.com/S/UNH\">UnitedHealth</a> jumping back to its all-time highs. The $420 price range has been trouble for United for some time now. The pattern looks similar to the one that was seen in November and January. If it gets over $420, it could have some distance to climb.</p><p><blockquote>医疗保健板块今天表现强劲，<a href=\"https://laohu8.com/S/UNH\">联合健康</a>跳回到历史高点。一段时间以来，420美元的价格范围一直是美联航的麻烦。这种模式看起来与11月和1月的模式相似。如果价格超过420美元，可能还有一段距离需要攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c19e5484317b97e4a7b301ff1f1a391\" tg-width=\"1203\" tg-height=\"617\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">roup Inc. Daily Chart</p><p><blockquote>roup Inc.日线图</blockquote></p><p> <h3><b>Cisco</b></h3> <a href=\"https://laohu8.com/S/CSCO\">Cisco</a> had a nice move up too. This is another stock breaking free of its recent range, and it appears to be shifting from bearish to bullish momentum. The stock probably has some further room to climb, possibly to around $58.</p><p><blockquote><h3><b>思科</b></h3><a href=\"https://laohu8.com/S/CSCO\">思科</a>也有一个很好的提升。这是另一只突破近期区间的股票，它似乎正在从看跌转向看涨势头。该股可能还有进一步上涨的空间，可能达到58美元左右。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1bc83949b07aed1706d448fd81406711\" tg-width=\"1206\" tg-height=\"620\" width=\"100%\" height=\"auto\">Cisco Systems Inc Daily Chart</p><p><blockquote>思科系统公司日线图</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investing.com/analysis/the-vix-gets-crushed-fueling-the-stock-markets-advance-200595938\">investing.com</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":{"XLF":"金融ETF","VIX":"标普500波动率指数","UNH":"联合健康","SNOW":"Snowflake","WFC":"富国银行",".SPX":"S&P 500 Index","CSCO":"思科"},"source_url":"https://www.investing.com/analysis/the-vix-gets-crushed-fueling-the-stock-markets-advance-200595938","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105735217","content_text":"The S&P 500 rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but managed to find some buying after Europe closed around 11:30. It came in a rather big wave, which looked like several buy programs, based on the nature of the advance. There was no news to push it either. The index did close shy of the intraday high at 4430.\nToday will be the ADP job report and ISM Services index. The ADP report has not been a reliable indicator of late when it comes to predicting the BLS job report, but then again, nothing has been. I’m more curious to see if the ISM index indicates the same overall slowing trend the manufacturing PMI showed.\nS&P 500 Index 5-Min Chart\nVIX\nTuesday's rally seemed to have more to do with a Cboe Volatility Index moving lower than because of positive market sentiment. Nothing changed overnight; even yields were flat, as was thedollar.\nThere was no reason for the reflation sector to rally; the rally reflected broad-based index buying, which takes everything up with it. The VIX fell to 18, and with implied volatility falling, it provides the fuel needed for that index buying. There is a slight uptrend to the VIX, and it would not be surprising to see the VIX start pushing higher today.\nVIX Daily Chart \n10-Year Treasury\nThe10-year finished the day at 1.17%; it continues to look as if rates want to head to lower levels.\nUS Govt Bonds 1 Yr Yield Daily Chart\nFinancials\nThe Financial Select Sector SPDR® Fund (NYSE:XLF) was sitting on resistance at $37. If it can break that resistance zone, it could easily move back to the prior highs. Absent yields rising; I don’t see how the XLF breaks higher or why it would.\nXLF Daily Chart \nWells Fargo\nWells Fargo appeared to be the best positioned of the financials to rise, at least based on the chart. It is the most similar to the ETF. It, too, is at resistance around $47. A push above $47 probably opens a path for the stock to climb to $49ish.\nWells Fargo Daily Chart\nSnowflake\nSnowflake had a strong day, finally clearing the resistance level we had been watching for a few weeks at $285. If the market stays healthy, it probably does have a good shot at moving up to $325.\nSnowflake Inc Daily Chart\nUnitedHealth\nThe Healthcare sector had a strong day today, with UnitedHealth jumping back to its all-time highs. The $420 price range has been trouble for United for some time now. The pattern looks similar to the one that was seen in November and January. If it gets over $420, it could have some distance to climb.\nroup Inc. Daily Chart\nCisco\nCisco had a nice move up too. This is another stock breaking free of its recent range, and it appears to be shifting from bearish to bullish momentum. The stock probably has some further room to climb, possibly to around $58.\nCisco Systems Inc Daily Chart","news_type":1,"symbols_score_info":{"XLF":0.9,"UNH":0.9,"SNOW":0.9,"WFC":0.9,".SPX":0.9,"VIX":0.9,"CSCO":0.9}},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":847033211,"gmtCreate":1636467200686,"gmtModify":1636467200799,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Nice! Give me a like!&nbsp;","listText":"Nice! Give me a like!&nbsp;","text":"Nice! Give me a like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847033211","repostId":"1148931135","repostType":4,"repost":{"id":"1148931135","kind":"news","pubTimestamp":1636465813,"share":"https://www.laohu8.com/m/news/1148931135?lang=zh_CN&edition=full","pubTime":"2021-11-09 21:50","market":"us","language":"en","title":"Don't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148931135","media":"Motley Fool","summary":"If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positi","content":"<p>If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positions, then kudos. You understand that the market ebbs and flows and that you can and should use these swings to your advantage.</p><p><blockquote>如果您正在等待市场范围内的抛售发生，然后再买入一系列新头寸，那么值得称赞。你明白市场有起有落，你可以也应该利用这些波动。</blockquote></p><p> If you understand the market is forever rising and falling, though, then you probably also know these ebbs and flows can be rather unpredictable. That means trying to perfectly time your entries can cost more money than it saves because of the gains missed in the meantime. As always, the key is balancing the true risk of stepping into a certain stock with that stock's plausible upside potential.</p><p><blockquote>如果你明白市场永远在上涨和下跌，那么你可能也知道这些涨跌是相当不可预测的。这意味着试图完美地安排你的参赛时间可能会花费比它节省的更多的钱，因为在此期间错过了收益。与往常一样，关键是平衡进入某只股票的真实风险与该股票看似合理的上涨潜力。</blockquote></p><p> Shares of&nbsp;<b>T. Rowe Price Group</b>(NASDAQ:TROW)&nbsp;are too cheap right now to pass up while waiting for a market crash that may never actually take shape.</p><p><blockquote>本公司之股份<b>T.罗普莱斯集团</b>（纳斯达克：TROW）现在太便宜了，不能在等待可能永远不会真正形成的市场崩盘时错过。</blockquote></p><p> Nice work if you can get it</p><p><blockquote>如果你能得到它，那就干得好</blockquote></p><p> You know the organization. T. Rowe Price is, of course, the company that manages a large family of&nbsp;mutual funds&nbsp;with the same name. With $1.6 trillion worth of assets under its management, there's even a good chance that you're a customer.</p><p><blockquote>你了解这个组织。当然，T.Rowe Price是管理着一个同名共同基金大家庭的公司。该公司管理着价值1.6万亿美元的资产，您甚至很有可能成为其客户。</blockquote></p><p> There's also a good chance you're underestimating the reliability of the mutual fund industry's business model.</p><p><blockquote>你也很有可能低估了共同基金行业商业模式的可靠性。</blockquote></p><p> Have you ever thought about how fund companies make money? Some charge an upfront load when you enter a new position, but that's not necessarily the primary goal; that load fee is typically shared with the brokerage firm anyway. Rather, fund companies are hoping you become long-term customers so they can collect a recurring management fee, year in and year out. These fees are minimal, usually costing less than 1% of the value of assets held by a particular fund's investment pool. Once you're a fund company's customer, though, it no longer has to fight to bring you into the fold. You're annuitized, in a sense, as long as you stick with that investment -- which investors typically do. And this management fee is automatically collected regardless of a fund's performance.</p><p><blockquote>你有没有想过基金公司是怎么赚钱的？有些人在你进入一个新职位时收取前期费用，但这不一定是主要目标；无论如何，装载费通常会与经纪公司分担。相反，基金公司希望你成为长期客户，这样他们就可以年复一年地收取经常性管理费。这些费用很少，通常不到特定基金投资池所持资产价值的1%。然而，一旦你成为基金公司的客户，它就不再需要努力将你纳入其中。从某种意义上说，只要你坚持这项投资，你就可以获得年金——投资者通常会这样做。而且无论基金的业绩如何，这笔管理费都会自动收取。</blockquote></p><p> The end result? A steady stream of predictable revenue and profits.</p><p><blockquote>最终结果？源源不断的可预测收入和利润。</blockquote></p><p> The proof of the pudding</p><p><blockquote>布丁的证明</blockquote></p><p> You have only to look at T. Rowe Price Group's top and bottom lines for the last year to appreciate the premise. Despite lockdowns and the subsequent economic slowdown, T. Rowe Price managed to beef up 2020's revenue by more than 10%, driving a 15% increase in net operating income and extending a long-standing growth streak.</p><p><blockquote>你只需要看看T.Rowe Price Group去年的营收和利润就能理解这个前提。尽管受到封锁和随后的经济放缓，T.Rowe Price仍设法将2020年的收入提高了10%以上，推动净营业收入增长了15%，并延续了长期的增长势头。</blockquote></p><p> Makes sense. A slew of bored consumers turned to the stock market for entertainment in lieu of sports and other live events. Indeed, 2020 ushered in the era of meme stocks and rekindled rarities like short squeezes, SPACs, and more. That mania has only been amplified this year.</p><p><blockquote>说得通。许多无聊的消费者转向股市寻求娱乐，而不是体育和其他现场活动。事实上，2020年迎来了模因股票时代，并重新点燃了轧空、SPAC等稀有事物。这种狂热在今年被放大了。</blockquote></p><p> Except that none of those things generate revenue or earnings for mutual funds. Fund revenue is linked only to the amount of money that fund manages. Because of this, T. Rowe Price's 2020 revenue growth can be mostly attributed to the 12.5% increase in the amount of assets it was managing by the end of the year. And that growth can largely be chalked up to the fact that the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)itself ended 2020 more than 16% above where it ended 2019.</p><p><blockquote>只不过这些东西都不会为共同基金带来收入或收益。基金收入仅与基金管理的金额相关。正因为如此，T.Rowe Price 2020年的收入增长主要归功于其截至年底管理的资产数量增长了12.5%。这种增长很大程度上可以归因于这样一个事实：<b>标普500</b>(SNPINDEX：^GSPC)2020年底比2019年底高出16%以上。</blockquote></p><p> Connect the dots. Mutual fund companies obviously want the broad market to increase in value, as that drives sales and earnings growth. Even if the market is lousy and falling, though, T. Rowe Price is still going to collect its management fees. Its biggest challenge is simply convincing investors to continue holding their funds even when times are tough for stocks.</p><p><blockquote>把这些点连接起来。共同基金公司显然希望大盘增值，因为这会推动销售和盈利增长。不过，即使市场糟糕且下跌，T.Rowe Price仍然会收取管理费。它最大的挑战只是说服投资者即使在股市艰难的时候也继续持有他们的基金。</blockquote></p><p> Low valuation, high potential</p><p><blockquote>低估值，高潜力</blockquote></p><p> The market has rewarded this revenue resiliency, for the record. TROW shares are up nearly 150% from their March 2020 low, easily outpacing the broad market's gains for the same period. Even with this big gain, though, the stock's still seemingly cheap, priced at 17.4 times this year's expected earnings and only 16.5 times next year's per-share earnings estimates. For perspective, the S&amp;P 500 itself is valued at a trailing price/earnings ratio of nearly 30 and a forward-looking P/E ratio of 22.4. T. Rowe Price's current dividend yield of just under 2% is also stronger than the S&amp;P 500's present yield of 1.3% and is&nbsp;clearly well supported&nbsp;by the fund company's reliable revenue and earnings stream.</p><p><blockquote>市场对这种收入弹性给予了奖励，这是有记录的。TROW股价较2020年3月低点上涨近150%，轻松超过同期大盘涨幅。不过，即使涨幅如此之大，该股似乎仍然很便宜，其定价为今年预期收益的17.4倍，仅为明年每股收益预期的16.5倍。从长远来看，标普500本身的历史市盈率接近30，前瞻性市盈率为22.4。T.Rowe Price目前的股息收益率略低于2%，也高于标普500目前1.3%的收益率，并且显然得到了基金公司可靠的收入和盈利流的良好支持。</blockquote></p><p> Sharp investors will point out that TROW shares are relatively cheap because T. Rowe Price has limited growth prospects. But as noted earlier, for better or worse, a typical fund company's results are mostly a function of the market's overall value.</p><p><blockquote>敏锐的投资者会指出，TROW股票相对便宜，因为T.Rowe价格的增长前景有限。但如前所述，无论好坏，典型基金公司的业绩主要取决于市场整体价值。</blockquote></p><p></p><p> There's a kicker that could drive unexpected growth for the company in the foreseeable future, though. Late last month, T. Rowe Price Group announced plans to acquire Oak Hill Advisors, putting the company deeper into an alternative investment arena where it's not currently well represented. The combination of the two organizations presents compelling cross-selling opportunities. The deal, however, may also hint at other, similar dealmaking to come.</p><p><blockquote>不过，在可预见的未来，有一个因素可能会推动该公司出现意想不到的增长。上个月末，T.Rowe Price Group宣布计划收购Oak Hill Advisors，使该公司更深入地进入目前代表性不足的另类投资领域。这两个组织的合并带来了引人注目的交叉销售机会。然而，这笔交易也可能暗示其他类似的交易即将到来。</blockquote></p><p> The smart rules still apply</p><p><blockquote>smart规则仍然适用</blockquote></p><p> Purchasing T. Rowe Price here and now, of course, makes sense only if your portfolio is in need of a financial name. If you're already heavily exposed to the financial sector or hold shares of a rival publicly traded mutual fund family, adding another one isn't necessarily your best move.</p><p><blockquote>当然，只有当您的投资组合需要一个财务名称时，此时此地购买T.Rowe Price才有意义。如果您已经大量投资于金融行业或持有竞争对手的公开交易共同基金家族的股票，那么添加另一个不一定是您的最佳举措。</blockquote></p><p> If you've got room and reason to add a financial stock to your mix, though, this one's bargain-priced given its high quality.</p><p><blockquote>不过，如果您有空间和理由在您的组合中添加金融股，那么鉴于其高质量，这只股票的价格很便宜。</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>Don't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon't Wait for a Market Crash to Buy This Value Stock<blockquote>不要等到市场崩盘才购买这只价值股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-09 21:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positions, then kudos. You understand that the market ebbs and flows and that you can and should use these swings to your advantage.</p><p><blockquote>如果您正在等待市场范围内的抛售发生，然后再买入一系列新头寸，那么值得称赞。你明白市场有起有落，你可以也应该利用这些波动。</blockquote></p><p> If you understand the market is forever rising and falling, though, then you probably also know these ebbs and flows can be rather unpredictable. That means trying to perfectly time your entries can cost more money than it saves because of the gains missed in the meantime. As always, the key is balancing the true risk of stepping into a certain stock with that stock's plausible upside potential.</p><p><blockquote>如果你明白市场永远在上涨和下跌，那么你可能也知道这些涨跌是相当不可预测的。这意味着试图完美地安排你的参赛时间可能会花费比它节省的更多的钱，因为在此期间错过了收益。与往常一样，关键是平衡进入某只股票的真实风险与该股票看似合理的上涨潜力。</blockquote></p><p> Shares of&nbsp;<b>T. Rowe Price Group</b>(NASDAQ:TROW)&nbsp;are too cheap right now to pass up while waiting for a market crash that may never actually take shape.</p><p><blockquote>本公司之股份<b>T.罗普莱斯集团</b>（纳斯达克：TROW）现在太便宜了，不能在等待可能永远不会真正形成的市场崩盘时错过。</blockquote></p><p> Nice work if you can get it</p><p><blockquote>如果你能得到它，那就干得好</blockquote></p><p> You know the organization. T. Rowe Price is, of course, the company that manages a large family of&nbsp;mutual funds&nbsp;with the same name. With $1.6 trillion worth of assets under its management, there's even a good chance that you're a customer.</p><p><blockquote>你了解这个组织。当然，T.Rowe Price是管理着一个同名共同基金大家庭的公司。该公司管理着价值1.6万亿美元的资产，您甚至很有可能成为其客户。</blockquote></p><p> There's also a good chance you're underestimating the reliability of the mutual fund industry's business model.</p><p><blockquote>你也很有可能低估了共同基金行业商业模式的可靠性。</blockquote></p><p> Have you ever thought about how fund companies make money? Some charge an upfront load when you enter a new position, but that's not necessarily the primary goal; that load fee is typically shared with the brokerage firm anyway. Rather, fund companies are hoping you become long-term customers so they can collect a recurring management fee, year in and year out. These fees are minimal, usually costing less than 1% of the value of assets held by a particular fund's investment pool. Once you're a fund company's customer, though, it no longer has to fight to bring you into the fold. You're annuitized, in a sense, as long as you stick with that investment -- which investors typically do. And this management fee is automatically collected regardless of a fund's performance.</p><p><blockquote>你有没有想过基金公司是怎么赚钱的？有些人在你进入一个新职位时收取前期费用，但这不一定是主要目标；无论如何，装载费通常会与经纪公司分担。相反，基金公司希望你成为长期客户，这样他们就可以年复一年地收取经常性管理费。这些费用很少，通常不到特定基金投资池所持资产价值的1%。然而，一旦你成为基金公司的客户，它就不再需要努力将你纳入其中。从某种意义上说，只要你坚持这项投资，你就可以获得年金——投资者通常会这样做。而且无论基金的业绩如何，这笔管理费都会自动收取。</blockquote></p><p> The end result? A steady stream of predictable revenue and profits.</p><p><blockquote>最终结果？源源不断的可预测收入和利润。</blockquote></p><p> The proof of the pudding</p><p><blockquote>布丁的证明</blockquote></p><p> You have only to look at T. Rowe Price Group's top and bottom lines for the last year to appreciate the premise. Despite lockdowns and the subsequent economic slowdown, T. Rowe Price managed to beef up 2020's revenue by more than 10%, driving a 15% increase in net operating income and extending a long-standing growth streak.</p><p><blockquote>你只需要看看T.Rowe Price Group去年的营收和利润就能理解这个前提。尽管受到封锁和随后的经济放缓，T.Rowe Price仍设法将2020年的收入提高了10%以上，推动净营业收入增长了15%，并延续了长期的增长势头。</blockquote></p><p> Makes sense. A slew of bored consumers turned to the stock market for entertainment in lieu of sports and other live events. Indeed, 2020 ushered in the era of meme stocks and rekindled rarities like short squeezes, SPACs, and more. That mania has only been amplified this year.</p><p><blockquote>说得通。许多无聊的消费者转向股市寻求娱乐，而不是体育和其他现场活动。事实上，2020年迎来了模因股票时代，并重新点燃了轧空、SPAC等稀有事物。这种狂热在今年被放大了。</blockquote></p><p> Except that none of those things generate revenue or earnings for mutual funds. Fund revenue is linked only to the amount of money that fund manages. Because of this, T. Rowe Price's 2020 revenue growth can be mostly attributed to the 12.5% increase in the amount of assets it was managing by the end of the year. And that growth can largely be chalked up to the fact that the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)itself ended 2020 more than 16% above where it ended 2019.</p><p><blockquote>只不过这些东西都不会为共同基金带来收入或收益。基金收入仅与基金管理的金额相关。正因为如此，T.Rowe Price 2020年的收入增长主要归功于其截至年底管理的资产数量增长了12.5%。这种增长很大程度上可以归因于这样一个事实：<b>标普500</b>(SNPINDEX：^GSPC)2020年底比2019年底高出16%以上。</blockquote></p><p> Connect the dots. Mutual fund companies obviously want the broad market to increase in value, as that drives sales and earnings growth. Even if the market is lousy and falling, though, T. Rowe Price is still going to collect its management fees. Its biggest challenge is simply convincing investors to continue holding their funds even when times are tough for stocks.</p><p><blockquote>把这些点连接起来。共同基金公司显然希望大盘增值，因为这会推动销售和盈利增长。不过，即使市场糟糕且下跌，T.Rowe Price仍然会收取管理费。它最大的挑战只是说服投资者即使在股市艰难的时候也继续持有他们的基金。</blockquote></p><p> Low valuation, high potential</p><p><blockquote>低估值，高潜力</blockquote></p><p> The market has rewarded this revenue resiliency, for the record. TROW shares are up nearly 150% from their March 2020 low, easily outpacing the broad market's gains for the same period. Even with this big gain, though, the stock's still seemingly cheap, priced at 17.4 times this year's expected earnings and only 16.5 times next year's per-share earnings estimates. For perspective, the S&amp;P 500 itself is valued at a trailing price/earnings ratio of nearly 30 and a forward-looking P/E ratio of 22.4. T. Rowe Price's current dividend yield of just under 2% is also stronger than the S&amp;P 500's present yield of 1.3% and is&nbsp;clearly well supported&nbsp;by the fund company's reliable revenue and earnings stream.</p><p><blockquote>市场对这种收入弹性给予了奖励，这是有记录的。TROW股价较2020年3月低点上涨近150%，轻松超过同期大盘涨幅。不过，即使涨幅如此之大，该股似乎仍然很便宜，其定价为今年预期收益的17.4倍，仅为明年每股收益预期的16.5倍。从长远来看，标普500本身的历史市盈率接近30，前瞻性市盈率为22.4。T.Rowe Price目前的股息收益率略低于2%，也高于标普500目前1.3%的收益率，并且显然得到了基金公司可靠的收入和盈利流的良好支持。</blockquote></p><p> Sharp investors will point out that TROW shares are relatively cheap because T. Rowe Price has limited growth prospects. But as noted earlier, for better or worse, a typical fund company's results are mostly a function of the market's overall value.</p><p><blockquote>敏锐的投资者会指出，TROW股票相对便宜，因为T.Rowe价格的增长前景有限。但如前所述，无论好坏，典型基金公司的业绩主要取决于市场整体价值。</blockquote></p><p></p><p> There's a kicker that could drive unexpected growth for the company in the foreseeable future, though. Late last month, T. Rowe Price Group announced plans to acquire Oak Hill Advisors, putting the company deeper into an alternative investment arena where it's not currently well represented. The combination of the two organizations presents compelling cross-selling opportunities. The deal, however, may also hint at other, similar dealmaking to come.</p><p><blockquote>不过，在可预见的未来，有一个因素可能会推动该公司出现意想不到的增长。上个月末，T.Rowe Price Group宣布计划收购Oak Hill Advisors，使该公司更深入地进入目前代表性不足的另类投资领域。这两个组织的合并带来了引人注目的交叉销售机会。然而，这笔交易也可能暗示其他类似的交易即将到来。</blockquote></p><p> The smart rules still apply</p><p><blockquote>smart规则仍然适用</blockquote></p><p> Purchasing T. Rowe Price here and now, of course, makes sense only if your portfolio is in need of a financial name. If you're already heavily exposed to the financial sector or hold shares of a rival publicly traded mutual fund family, adding another one isn't necessarily your best move.</p><p><blockquote>当然，只有当您的投资组合需要一个财务名称时，此时此地购买T.Rowe Price才有意义。如果您已经大量投资于金融行业或持有竞争对手的公开交易共同基金家族的股票，那么添加另一个不一定是您的最佳举措。</blockquote></p><p> If you've got room and reason to add a financial stock to your mix, though, this one's bargain-priced given its high quality.</p><p><blockquote>不过，如果您有空间和理由在您的组合中添加金融股，那么鉴于其高质量，这只股票的价格很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/09/dont-wait-for-market-crash-buy-this-value-stock/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TROW":"普信集团"},"source_url":"https://www.fool.com/investing/2021/11/09/dont-wait-for-market-crash-buy-this-value-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148931135","content_text":"If you're waiting for a marketwide sell-off to materialize before plowing into a bunch of new positions, then kudos. You understand that the market ebbs and flows and that you can and should use these swings to your advantage.\nIf you understand the market is forever rising and falling, though, then you probably also know these ebbs and flows can be rather unpredictable. That means trying to perfectly time your entries can cost more money than it saves because of the gains missed in the meantime. As always, the key is balancing the true risk of stepping into a certain stock with that stock's plausible upside potential.\nShares of T. Rowe Price Group(NASDAQ:TROW) are too cheap right now to pass up while waiting for a market crash that may never actually take shape.\nNice work if you can get it\nYou know the organization. T. Rowe Price is, of course, the company that manages a large family of mutual funds with the same name. With $1.6 trillion worth of assets under its management, there's even a good chance that you're a customer.\nThere's also a good chance you're underestimating the reliability of the mutual fund industry's business model.\nHave you ever thought about how fund companies make money? Some charge an upfront load when you enter a new position, but that's not necessarily the primary goal; that load fee is typically shared with the brokerage firm anyway. Rather, fund companies are hoping you become long-term customers so they can collect a recurring management fee, year in and year out. These fees are minimal, usually costing less than 1% of the value of assets held by a particular fund's investment pool. Once you're a fund company's customer, though, it no longer has to fight to bring you into the fold. You're annuitized, in a sense, as long as you stick with that investment -- which investors typically do. And this management fee is automatically collected regardless of a fund's performance.\nThe end result? A steady stream of predictable revenue and profits.\nThe proof of the pudding\nYou have only to look at T. Rowe Price Group's top and bottom lines for the last year to appreciate the premise. Despite lockdowns and the subsequent economic slowdown, T. Rowe Price managed to beef up 2020's revenue by more than 10%, driving a 15% increase in net operating income and extending a long-standing growth streak.\nMakes sense. A slew of bored consumers turned to the stock market for entertainment in lieu of sports and other live events. Indeed, 2020 ushered in the era of meme stocks and rekindled rarities like short squeezes, SPACs, and more. That mania has only been amplified this year.\nExcept that none of those things generate revenue or earnings for mutual funds. Fund revenue is linked only to the amount of money that fund manages. Because of this, T. Rowe Price's 2020 revenue growth can be mostly attributed to the 12.5% increase in the amount of assets it was managing by the end of the year. And that growth can largely be chalked up to the fact that the S&P 500(SNPINDEX:^GSPC)itself ended 2020 more than 16% above where it ended 2019.\nConnect the dots. Mutual fund companies obviously want the broad market to increase in value, as that drives sales and earnings growth. Even if the market is lousy and falling, though, T. Rowe Price is still going to collect its management fees. Its biggest challenge is simply convincing investors to continue holding their funds even when times are tough for stocks.\nLow valuation, high potential\nThe market has rewarded this revenue resiliency, for the record. TROW shares are up nearly 150% from their March 2020 low, easily outpacing the broad market's gains for the same period. Even with this big gain, though, the stock's still seemingly cheap, priced at 17.4 times this year's expected earnings and only 16.5 times next year's per-share earnings estimates. For perspective, the S&P 500 itself is valued at a trailing price/earnings ratio of nearly 30 and a forward-looking P/E ratio of 22.4. T. Rowe Price's current dividend yield of just under 2% is also stronger than the S&P 500's present yield of 1.3% and is clearly well supported by the fund company's reliable revenue and earnings stream.\nSharp investors will point out that TROW shares are relatively cheap because T. Rowe Price has limited growth prospects. But as noted earlier, for better or worse, a typical fund company's results are mostly a function of the market's overall value.\nThere's a kicker that could drive unexpected growth for the company in the foreseeable future, though. Late last month, T. Rowe Price Group announced plans to acquire Oak Hill Advisors, putting the company deeper into an alternative investment arena where it's not currently well represented. The combination of the two organizations presents compelling cross-selling opportunities. The deal, however, may also hint at other, similar dealmaking to come.\nThe smart rules still apply\nPurchasing T. Rowe Price here and now, of course, makes sense only if your portfolio is in need of a financial name. If you're already heavily exposed to the financial sector or hold shares of a rival publicly traded mutual fund family, adding another one isn't necessarily your best move.\nIf you've got room and reason to add a financial stock to your mix, though, this one's bargain-priced given its high quality.","news_type":1,"symbols_score_info":{"TROW":0.9}},"isVote":1,"tweetType":1,"viewCount":1875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807730994,"gmtCreate":1628055946118,"gmtModify":1631885375189,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HCMC\">$Healthier Choices Management Corp.(HCMC)$</a>[Cry]&nbsp;","listText":"<a href=\"https://laohu8.com/S/HCMC\">$Healthier Choices Management Corp.(HCMC)$</a>[Cry]&nbsp;","text":"$Healthier Choices Management Corp.(HCMC)$[Cry]","images":[{"img":"https://static.tigerbbs.com/237614c46bc28d08276eac7607617a9f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/807730994","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":807794347,"gmtCreate":1628055768589,"gmtModify":1633753974797,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807794347","repostId":"1105735217","repostType":2,"repost":{"id":"1105735217","kind":"news","pubTimestamp":1628055148,"share":"https://www.laohu8.com/m/news/1105735217?lang=zh_CN&edition=full","pubTime":"2021-08-04 13:32","market":"us","language":"en","title":"The VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105735217","media":"investing.com","summary":"The S&P 500 rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but mana","content":"<p>The&nbsp;<a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but managed to find some buying after Europe closed around 11:30. It came in a rather big wave, which looked like several buy programs, based on the nature of the advance. There was no news to push it either. The index did close shy of the intraday high at 4430.</p><p><blockquote>The<a href=\"https://laohu8.com/S/.SPX\">标普500</a>周二反弹，上涨80个基点至收盘新高。该指数开盘走低，但在欧洲11:30左右收盘后找到了一些买盘。它出现了一波相当大的浪潮，根据预付款的性质，看起来像是几个购买计划。也没有什么消息可以推。该指数收盘时确实低于4430点的盘中高点。</blockquote></p><p> Today will be the&nbsp;ADP job report&nbsp;and ISM&nbsp;Services&nbsp;index. The ADP report has not been a reliable indicator of late when it comes to predicting the BLS job report, but then again, nothing has been. I’m more curious to see if the ISM index indicates the same overall slowing trend the&nbsp;manufacturing PMI&nbsp;showed.</p><p><blockquote>今天将是ADP就业报告和ISM服务业指数。在预测BLS就业报告方面，ADP报告最近并不是一个可靠的指标，但话又说回来，没有什么是可靠的。我更好奇的是，ISM指数是否显示出与制造业PMI相同的整体放缓趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/37073b36f6f72f98a9d9e6c69558a0f0\" tg-width=\"934\" tg-height=\"618\" width=\"100%\" height=\"auto\">S&amp;P 500 Index 5-Min Chart</p><p><blockquote>标普500指数5分钟图</blockquote></p><p> <h3><b>VIX</b></h3> Tuesday's rally seemed to have more to do with a&nbsp;<a href=\"https://laohu8.com/S/VIX\">Cboe Volatility Index</a> moving lower than because of positive market sentiment. Nothing changed overnight; even yields were flat, as was thedollar.</p><p><blockquote><h3><b>VIX</b></h3>周二的反弹似乎更多地与<a href=\"https://laohu8.com/S/VIX\">芝加哥期权交易所波动率指数</a>由于积极的市场情绪而走低。一夜之间什么都没有改变；甚至收益率也持平，美元也是如此。</blockquote></p><p> There was no reason for the reflation sector to rally; the rally reflected broad-based index buying, which takes everything up with it. The VIX fell to 18, and with implied volatility falling, it provides the fuel needed for that index buying. There is a slight uptrend to the VIX, and it would not be surprising to see the VIX start pushing higher today.</p><p><blockquote>通货再膨胀板块没有理由反弹；这次反弹反映了广泛的指数买盘，这让一切都随之上涨。VIX跌至18，随着隐含波动率下降，它为该指数购买提供了所需的燃料。VIX有小幅上升趋势，今天看到VIX开始走高也就不足为奇了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b85070227e0db6cbe7029f4a3452221\" tg-width=\"939\" tg-height=\"616\" width=\"100%\" height=\"auto\">VIX Daily Chart&nbsp;</p><p><blockquote>VIX日线图</blockquote></p><p> <h3><b>10-Year Treasury</b></h3> The10-year&nbsp;finished the day at 1.17%; it continues to look as if rates want to head to lower levels.</p><p><blockquote><h3><b>10年期国债</b></h3>10年期国债收于1.17%；利率似乎仍然希望降至较低水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3d57ad97216f4f6747b29debcdd59290\" tg-width=\"936\" tg-height=\"621\" width=\"100%\" height=\"auto\">US Govt Bonds 1 Yr Yield Daily Chart</p><p><blockquote>美国政府债券1年期收益率日线图</blockquote></p><p> <h3><b>Financials</b></h3> The Financial Select Sector SPDR® Fund (NYSE:XLF) was sitting on resistance at $37. If it can break that resistance zone, it could easily move back to the prior highs. Absent yields rising; I don’t see how the XLF breaks higher or why it would.</p><p><blockquote><h3><b>财务</b></h3>金融精选行业SPDR®基金（纽约证券交易所股票代码：XLF）位于37美元的阻力位。如果它能够突破该阻力区，它可以轻松回到之前的高点。缺席收益率上升；我不明白XLF如何突破，也不明白为什么会突破。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/358304c37db3c821ec7c16330b355c6b\" tg-width=\"938\" tg-height=\"622\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">XLF Daily Chart&nbsp;</p><p><blockquote>XLF日线图</blockquote></p><p> <h3><b>Wells Fargo</b></h3> <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> appeared to be the best positioned of the financials to rise, at least based on the chart. It is the most similar to the ETF. It, too, is at resistance around $47. A push above $47 probably opens a path for the stock to climb to $49ish.</p><p><blockquote><h3><b>富国银行</b></h3><a href=\"https://laohu8.com/S/WFC\">富国银行</a>至少从图表来看，它似乎是金融股中最有可能上涨的。它与ETF最相似。它也处于47美元左右的阻力位。突破47美元可能会为该股攀升至49美元左右开辟道路。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/195d4b272492d166c9296221a82140d9\" tg-width=\"1214\" tg-height=\"614\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Wells Fargo Daily Chart</p><p><blockquote>富国银行日线图</blockquote></p><p> <h3><b>Snowflake</b></h3> <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> had a strong day, finally clearing the resistance level we had been watching for a few weeks at $285. If the market stays healthy, it probably does have a good shot at moving up to $325.</p><p><blockquote><h3><b>雪花</b></h3><a href=\"https://laohu8.com/S/SNOW\">雪花</a>度过了强劲的一天，最终清除了我们关注了几周的阻力位285美元。如果市场保持健康，它可能很有可能升至325美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/55eee6dfce1d1be4765d4e136ac7ae94\" tg-width=\"1207\" tg-height=\"619\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Snowflake Inc Daily Chart</p><p><blockquote>雪花公司日线图</blockquote></p><p> <b>UnitedHealth</b></p><p><blockquote><b>联合健康</b></blockquote></p><p> The&nbsp;Healthcare sector&nbsp;had a strong day today, with <a href=\"https://laohu8.com/S/UNH\">UnitedHealth</a> jumping back to its all-time highs. The $420 price range has been trouble for United for some time now. The pattern looks similar to the one that was seen in November and January. If it gets over $420, it could have some distance to climb.</p><p><blockquote>医疗保健板块今天表现强劲，<a href=\"https://laohu8.com/S/UNH\">联合健康</a>跳回到历史高点。一段时间以来，420美元的价格范围一直是美联航的麻烦。这种模式看起来与11月和1月的模式相似。如果价格超过420美元，可能还有一段距离需要攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c19e5484317b97e4a7b301ff1f1a391\" tg-width=\"1203\" tg-height=\"617\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">roup Inc. Daily Chart</p><p><blockquote>roup Inc.日线图</blockquote></p><p> <h3><b>Cisco</b></h3> <a href=\"https://laohu8.com/S/CSCO\">Cisco</a> had a nice move up too. This is another stock breaking free of its recent range, and it appears to be shifting from bearish to bullish momentum. The stock probably has some further room to climb, possibly to around $58.</p><p><blockquote><h3><b>思科</b></h3><a href=\"https://laohu8.com/S/CSCO\">思科</a>也有一个很好的提升。这是另一只突破近期区间的股票，它似乎正在从看跌转向看涨势头。该股可能还有进一步上涨的空间，可能达到58美元左右。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1bc83949b07aed1706d448fd81406711\" tg-width=\"1206\" tg-height=\"620\" width=\"100%\" height=\"auto\">Cisco Systems Inc Daily Chart</p><p><blockquote>思科系统公司日线图</blockquote></p><p></p>","source":"lsy1594375853987","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe VIX Gets Crushed Fueling The Stock Market's Advance<blockquote>VIX指数暴跌，推动股市上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investing.com</strong><span class=\"h-time small\">2021-08-04 13:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The&nbsp;<a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but managed to find some buying after Europe closed around 11:30. It came in a rather big wave, which looked like several buy programs, based on the nature of the advance. There was no news to push it either. The index did close shy of the intraday high at 4430.</p><p><blockquote>The<a href=\"https://laohu8.com/S/.SPX\">标普500</a>周二反弹，上涨80个基点至收盘新高。该指数开盘走低，但在欧洲11:30左右收盘后找到了一些买盘。它出现了一波相当大的浪潮，根据预付款的性质，看起来像是几个购买计划。也没有什么消息可以推。该指数收盘时确实低于4430点的盘中高点。</blockquote></p><p> Today will be the&nbsp;ADP job report&nbsp;and ISM&nbsp;Services&nbsp;index. The ADP report has not been a reliable indicator of late when it comes to predicting the BLS job report, but then again, nothing has been. I’m more curious to see if the ISM index indicates the same overall slowing trend the&nbsp;manufacturing PMI&nbsp;showed.</p><p><blockquote>今天将是ADP就业报告和ISM服务业指数。在预测BLS就业报告方面，ADP报告最近并不是一个可靠的指标，但话又说回来，没有什么是可靠的。我更好奇的是，ISM指数是否显示出与制造业PMI相同的整体放缓趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/37073b36f6f72f98a9d9e6c69558a0f0\" tg-width=\"934\" tg-height=\"618\" width=\"100%\" height=\"auto\">S&amp;P 500 Index 5-Min Chart</p><p><blockquote>标普500指数5分钟图</blockquote></p><p> <h3><b>VIX</b></h3> Tuesday's rally seemed to have more to do with a&nbsp;<a href=\"https://laohu8.com/S/VIX\">Cboe Volatility Index</a> moving lower than because of positive market sentiment. Nothing changed overnight; even yields were flat, as was thedollar.</p><p><blockquote><h3><b>VIX</b></h3>周二的反弹似乎更多地与<a href=\"https://laohu8.com/S/VIX\">芝加哥期权交易所波动率指数</a>由于积极的市场情绪而走低。一夜之间什么都没有改变；甚至收益率也持平，美元也是如此。</blockquote></p><p> There was no reason for the reflation sector to rally; the rally reflected broad-based index buying, which takes everything up with it. The VIX fell to 18, and with implied volatility falling, it provides the fuel needed for that index buying. There is a slight uptrend to the VIX, and it would not be surprising to see the VIX start pushing higher today.</p><p><blockquote>通货再膨胀板块没有理由反弹；这次反弹反映了广泛的指数买盘，这让一切都随之上涨。VIX跌至18，随着隐含波动率下降，它为该指数购买提供了所需的燃料。VIX有小幅上升趋势，今天看到VIX开始走高也就不足为奇了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b85070227e0db6cbe7029f4a3452221\" tg-width=\"939\" tg-height=\"616\" width=\"100%\" height=\"auto\">VIX Daily Chart&nbsp;</p><p><blockquote>VIX日线图</blockquote></p><p> <h3><b>10-Year Treasury</b></h3> The10-year&nbsp;finished the day at 1.17%; it continues to look as if rates want to head to lower levels.</p><p><blockquote><h3><b>10年期国债</b></h3>10年期国债收于1.17%；利率似乎仍然希望降至较低水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3d57ad97216f4f6747b29debcdd59290\" tg-width=\"936\" tg-height=\"621\" width=\"100%\" height=\"auto\">US Govt Bonds 1 Yr Yield Daily Chart</p><p><blockquote>美国政府债券1年期收益率日线图</blockquote></p><p> <h3><b>Financials</b></h3> The Financial Select Sector SPDR® Fund (NYSE:XLF) was sitting on resistance at $37. If it can break that resistance zone, it could easily move back to the prior highs. Absent yields rising; I don’t see how the XLF breaks higher or why it would.</p><p><blockquote><h3><b>财务</b></h3>金融精选行业SPDR®基金（纽约证券交易所股票代码：XLF）位于37美元的阻力位。如果它能够突破该阻力区，它可以轻松回到之前的高点。缺席收益率上升；我不明白XLF如何突破，也不明白为什么会突破。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/358304c37db3c821ec7c16330b355c6b\" tg-width=\"938\" tg-height=\"622\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">XLF Daily Chart&nbsp;</p><p><blockquote>XLF日线图</blockquote></p><p> <h3><b>Wells Fargo</b></h3> <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> appeared to be the best positioned of the financials to rise, at least based on the chart. It is the most similar to the ETF. It, too, is at resistance around $47. A push above $47 probably opens a path for the stock to climb to $49ish.</p><p><blockquote><h3><b>富国银行</b></h3><a href=\"https://laohu8.com/S/WFC\">富国银行</a>至少从图表来看，它似乎是金融股中最有可能上涨的。它与ETF最相似。它也处于47美元左右的阻力位。突破47美元可能会为该股攀升至49美元左右开辟道路。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/195d4b272492d166c9296221a82140d9\" tg-width=\"1214\" tg-height=\"614\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Wells Fargo Daily Chart</p><p><blockquote>富国银行日线图</blockquote></p><p> <h3><b>Snowflake</b></h3> <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> had a strong day, finally clearing the resistance level we had been watching for a few weeks at $285. If the market stays healthy, it probably does have a good shot at moving up to $325.</p><p><blockquote><h3><b>雪花</b></h3><a href=\"https://laohu8.com/S/SNOW\">雪花</a>度过了强劲的一天，最终清除了我们关注了几周的阻力位285美元。如果市场保持健康，它可能很有可能升至325美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/55eee6dfce1d1be4765d4e136ac7ae94\" tg-width=\"1207\" tg-height=\"619\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Snowflake Inc Daily Chart</p><p><blockquote>雪花公司日线图</blockquote></p><p> <b>UnitedHealth</b></p><p><blockquote><b>联合健康</b></blockquote></p><p> The&nbsp;Healthcare sector&nbsp;had a strong day today, with <a href=\"https://laohu8.com/S/UNH\">UnitedHealth</a> jumping back to its all-time highs. The $420 price range has been trouble for United for some time now. The pattern looks similar to the one that was seen in November and January. If it gets over $420, it could have some distance to climb.</p><p><blockquote>医疗保健板块今天表现强劲，<a href=\"https://laohu8.com/S/UNH\">联合健康</a>跳回到历史高点。一段时间以来，420美元的价格范围一直是美联航的麻烦。这种模式看起来与11月和1月的模式相似。如果价格超过420美元，可能还有一段距离需要攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c19e5484317b97e4a7b301ff1f1a391\" tg-width=\"1203\" tg-height=\"617\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">roup Inc. Daily Chart</p><p><blockquote>roup Inc.日线图</blockquote></p><p> <h3><b>Cisco</b></h3> <a href=\"https://laohu8.com/S/CSCO\">Cisco</a> had a nice move up too. This is another stock breaking free of its recent range, and it appears to be shifting from bearish to bullish momentum. The stock probably has some further room to climb, possibly to around $58.</p><p><blockquote><h3><b>思科</b></h3><a href=\"https://laohu8.com/S/CSCO\">思科</a>也有一个很好的提升。这是另一只突破近期区间的股票，它似乎正在从看跌转向看涨势头。该股可能还有进一步上涨的空间，可能达到58美元左右。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1bc83949b07aed1706d448fd81406711\" tg-width=\"1206\" tg-height=\"620\" width=\"100%\" height=\"auto\">Cisco Systems Inc Daily Chart</p><p><blockquote>思科系统公司日线图</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investing.com/analysis/the-vix-gets-crushed-fueling-the-stock-markets-advance-200595938\">investing.com</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":{"XLF":"金融ETF","VIX":"标普500波动率指数","UNH":"联合健康","SNOW":"Snowflake","WFC":"富国银行",".SPX":"S&P 500 Index","CSCO":"思科"},"source_url":"https://www.investing.com/analysis/the-vix-gets-crushed-fueling-the-stock-markets-advance-200595938","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105735217","content_text":"The S&P 500 rebounded Tuesday, rising 80 bps to a new closing high. The index started lower but managed to find some buying after Europe closed around 11:30. It came in a rather big wave, which looked like several buy programs, based on the nature of the advance. There was no news to push it either. The index did close shy of the intraday high at 4430.\nToday will be the ADP job report and ISM Services index. The ADP report has not been a reliable indicator of late when it comes to predicting the BLS job report, but then again, nothing has been. I’m more curious to see if the ISM index indicates the same overall slowing trend the manufacturing PMI showed.\nS&P 500 Index 5-Min Chart\nVIX\nTuesday's rally seemed to have more to do with a Cboe Volatility Index moving lower than because of positive market sentiment. Nothing changed overnight; even yields were flat, as was thedollar.\nThere was no reason for the reflation sector to rally; the rally reflected broad-based index buying, which takes everything up with it. The VIX fell to 18, and with implied volatility falling, it provides the fuel needed for that index buying. There is a slight uptrend to the VIX, and it would not be surprising to see the VIX start pushing higher today.\nVIX Daily Chart \n10-Year Treasury\nThe10-year finished the day at 1.17%; it continues to look as if rates want to head to lower levels.\nUS Govt Bonds 1 Yr Yield Daily Chart\nFinancials\nThe Financial Select Sector SPDR® Fund (NYSE:XLF) was sitting on resistance at $37. If it can break that resistance zone, it could easily move back to the prior highs. Absent yields rising; I don’t see how the XLF breaks higher or why it would.\nXLF Daily Chart \nWells Fargo\nWells Fargo appeared to be the best positioned of the financials to rise, at least based on the chart. It is the most similar to the ETF. It, too, is at resistance around $47. A push above $47 probably opens a path for the stock to climb to $49ish.\nWells Fargo Daily Chart\nSnowflake\nSnowflake had a strong day, finally clearing the resistance level we had been watching for a few weeks at $285. If the market stays healthy, it probably does have a good shot at moving up to $325.\nSnowflake Inc Daily Chart\nUnitedHealth\nThe Healthcare sector had a strong day today, with UnitedHealth jumping back to its all-time highs. The $420 price range has been trouble for United for some time now. The pattern looks similar to the one that was seen in November and January. If it gets over $420, it could have some distance to climb.\nroup Inc. Daily Chart\nCisco\nCisco had a nice move up too. This is another stock breaking free of its recent range, and it appears to be shifting from bearish to bullish momentum. The stock probably has some further room to climb, possibly to around $58.\nCisco Systems Inc Daily Chart","news_type":1,"symbols_score_info":{"XLF":0.9,"UNH":0.9,"SNOW":0.9,"WFC":0.9,".SPX":0.9,"VIX":0.9,"CSCO":0.9}},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893068575,"gmtCreate":1628221955797,"gmtModify":1633752452506,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893068575","repostId":"1196684672","repostType":2,"repost":{"id":"1196684672","kind":"news","pubTimestamp":1628221912,"share":"https://www.laohu8.com/m/news/1196684672?lang=zh_CN&edition=full","pubTime":"2021-08-06 11:51","market":"us","language":"en","title":"Warren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196684672","media":"Barrons","summary":"Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% r","content":"<p>Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% rise in its book value and a 10% increase in operating earnings.</p><p><blockquote>伯克希尔哈撒韦公司预计将于周六公布强劲的第二季度业绩，其中账面价值增长7%，营业利润增长10%。</blockquote></p><p> Berkshire (ticker: BRK.A and BRK.B) likely benefited in the second quarter from a 10% gain in the value of its roughly $300 billion equity portfolio, with about half that appreciation driven by a 12% increase in the share price of Apple (AAPL), Berkshire’s largest equity holding at more than $120 billion.</p><p><blockquote>伯克希尔哈撒韦公司（股票代码：BRK.A和BRK.B）第二季度可能受益于其约3000亿美元的股票投资组合价值10%的增长，其中约一半的增长是由股价上涨12%推动的苹果(AAPL)是伯克希尔哈撒韦公司最大的持股，价值超过1200亿美元。</blockquote></p><p> This estimate on investment portfolio gains comes from Edward Jones analyst James Shanahan who has a Buy rating on the stock.</p><p><blockquote>这一对投资组合收益的估计来自爱德华·琼斯分析师詹姆斯·沙纳汉，他对该股给予买入评级。</blockquote></p><p> Investors will be focused on book value, earnings, and stock repurchases given that CEO Warren Buffett has&nbsp;ramped up the buyback program in recent quarters. The buybacks in the period should total about $6.5 billion, in line with the $6.6 billion in the first quarter.</p><p><blockquote>鉴于首席执行官沃伦·巴菲特最近几个季度加大了回购计划，投资者将关注账面价值、收益和股票回购。该期间的回购总额应约为65亿美元，与第一季度的66亿美元持平。</blockquote></p><p> This estimate of second-quarter repurchases is based ona filing&nbsp;that Buffett made of his Berkshire holdings in late June after his annual donation of stock to the Bill &amp; Melinda Gates Foundation and other philanthropies.</p><p><blockquote>巴菲特向《比尔及梅琳达·盖茨基金会》和其他慈善机构捐赠了年度股票后，于6月下旬提交了一份关于其持有的伯克希尔股份的文件。</blockquote></p><p> The filing showed Buffett’s percentage ownership of Berkshire on June 21 stood at 15.8%.<i>Barron’s</i>calculated a share count for that date based on that figure and compared it with the shares outstanding on March 31 to estimate the buybacks in the second quarter.</p><p><blockquote>文件显示，截至6月21日，巴菲特在伯克希尔的持股比例为15.8%。<i>巴伦周刊</i>根据该数字计算该日期的股票数量，并将其与3月31日已发行股票进行比较，以估计第二季度的回购情况。</blockquote></p><p> Berkshire’s buybacks have run at about 1% of the shares outstanding a quarter during 2021, with the company valued at about $640 billion.</p><p><blockquote>伯克希尔的回购已在2021年某个季度达到发行股份的1%左右，该公司价值约6400亿美元。</blockquote></p><p> Berkshire’s class A shares, which rose 0.3%, to $421,306, on Thursday, have risen almost 21% this year, outpacing the S&amp;P 500 index, which has gained about 18%. Berkshire’s more liquid class B shares rose 0.5%, to $280.21, on&nbsp;Thursday.</p><p><blockquote>Berkshire的A类股周四上涨0.3%，至421,306美元，今年以来已上涨近21%，超过了上涨约18%的标普500指数。伯克希尔流动性更强的B类股周四上涨0.5%，至280.21美元。</blockquote></p><p> Shanahan of Edward Jones estimates that book value stood at $314,000 per class A shares on June 30, up 7% from the March 31 level. That would mean that Berkshire stock now trades for about 1.3 times its estimated June 30 book value, slightly below the five-year average price/book ratio.</p><p><blockquote>Edward Jones的沙纳汉估计，截至6月30日，每股A类股的账面价值为314,000美元，较3月31日的水平上涨7%。这意味着伯克希尔股票目前的交易价格约为6月30日估计账面价值的1.3倍，略低于五年平均市净率。</blockquote></p><p> Berkshire’s earnings growth in the second quarter may have been powered by its largest single unit, Burlington Northern Santa Fe, as well as its many industrial and housing-related businesses. Berkshire’s after-tax operating earnings are expected to increase 10% to $2.51 per class B share, according to FactSet.</p><p><blockquote>伯克希尔第二季度的盈利增长可能是由其最大的单一部门伯灵顿北圣达菲以及许多工业和住房相关业务推动的。FactSet的数据显示，伯克希尔的税后营业利润预计将增长10%，达到每股B类股2.51美元。</blockquote></p><p> Berkshire owns Clayton Homes, a maker of manufactured housing, Shaw Industries, a producer of carpet and other flooring, and Benjamin Moore, a maker of paints. Burlington Northern’s rival railroad in the western half of the country,Union Pacific(UNP), recently reported a 50% increase in second-quarter operating income relative to the year-earlier period.</p><p><blockquote>伯克希尔拥有活动房屋制造商Clayton Homes、地毯和其他地板生产商Shaw Industries以及油漆制造商Benjamin Moore。伯灵顿北方铁路公司在该国西半部的竞争对手联合太平洋铁路公司(UNP)最近报告称，第二季度营业收入较去年同期增长了50%。</blockquote></p><p> Investors also will be interested to see whether Berkshire was a net buyer of stocks in the second quarter. Buffett has seen limited opportunities in recent quarters, and Berkshire was a net seller of $3 billion of stocks in the first quarter. His biggest purchase in recent quarters has been&nbsp;Verizon Communications(VZ). Berkshire owns about $8 billion of the telecom company.</p><p><blockquote>投资者还将有兴趣了解伯克希尔哈撒韦公司是否是第二季度股票的净买家。巴菲特近几个季度看到的机会有限，伯克希尔一季度净卖出30亿美元股票。他最近几个季度最大的收购是Verizon Communications(VZ)。伯克希尔拥有这家电信公司约80亿美元的股份。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</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\">\nWarren Buffett’s Berkshire Hathaway Is Reporting Earnings on Saturday. Here’s What to Expect.<blockquote>沃伦·巴菲特的伯克希尔·哈撒韦公司将于周六公布收益。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-06 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% rise in its book value and a 10% increase in operating earnings.</p><p><blockquote>伯克希尔哈撒韦公司预计将于周六公布强劲的第二季度业绩，其中账面价值增长7%，营业利润增长10%。</blockquote></p><p> Berkshire (ticker: BRK.A and BRK.B) likely benefited in the second quarter from a 10% gain in the value of its roughly $300 billion equity portfolio, with about half that appreciation driven by a 12% increase in the share price of Apple (AAPL), Berkshire’s largest equity holding at more than $120 billion.</p><p><blockquote>伯克希尔哈撒韦公司（股票代码：BRK.A和BRK.B）第二季度可能受益于其约3000亿美元的股票投资组合价值10%的增长，其中约一半的增长是由股价上涨12%推动的苹果(AAPL)是伯克希尔哈撒韦公司最大的持股，价值超过1200亿美元。</blockquote></p><p> This estimate on investment portfolio gains comes from Edward Jones analyst James Shanahan who has a Buy rating on the stock.</p><p><blockquote>这一对投资组合收益的估计来自爱德华·琼斯分析师詹姆斯·沙纳汉，他对该股给予买入评级。</blockquote></p><p> Investors will be focused on book value, earnings, and stock repurchases given that CEO Warren Buffett has&nbsp;ramped up the buyback program in recent quarters. The buybacks in the period should total about $6.5 billion, in line with the $6.6 billion in the first quarter.</p><p><blockquote>鉴于首席执行官沃伦·巴菲特最近几个季度加大了回购计划，投资者将关注账面价值、收益和股票回购。该期间的回购总额应约为65亿美元，与第一季度的66亿美元持平。</blockquote></p><p> This estimate of second-quarter repurchases is based ona filing&nbsp;that Buffett made of his Berkshire holdings in late June after his annual donation of stock to the Bill &amp; Melinda Gates Foundation and other philanthropies.</p><p><blockquote>巴菲特向《比尔及梅琳达·盖茨基金会》和其他慈善机构捐赠了年度股票后，于6月下旬提交了一份关于其持有的伯克希尔股份的文件。</blockquote></p><p> The filing showed Buffett’s percentage ownership of Berkshire on June 21 stood at 15.8%.<i>Barron’s</i>calculated a share count for that date based on that figure and compared it with the shares outstanding on March 31 to estimate the buybacks in the second quarter.</p><p><blockquote>文件显示，截至6月21日，巴菲特在伯克希尔的持股比例为15.8%。<i>巴伦周刊</i>根据该数字计算该日期的股票数量，并将其与3月31日已发行股票进行比较，以估计第二季度的回购情况。</blockquote></p><p> Berkshire’s buybacks have run at about 1% of the shares outstanding a quarter during 2021, with the company valued at about $640 billion.</p><p><blockquote>伯克希尔的回购已在2021年某个季度达到发行股份的1%左右，该公司价值约6400亿美元。</blockquote></p><p> Berkshire’s class A shares, which rose 0.3%, to $421,306, on Thursday, have risen almost 21% this year, outpacing the S&amp;P 500 index, which has gained about 18%. Berkshire’s more liquid class B shares rose 0.5%, to $280.21, on&nbsp;Thursday.</p><p><blockquote>Berkshire的A类股周四上涨0.3%，至421,306美元，今年以来已上涨近21%，超过了上涨约18%的标普500指数。伯克希尔流动性更强的B类股周四上涨0.5%，至280.21美元。</blockquote></p><p> Shanahan of Edward Jones estimates that book value stood at $314,000 per class A shares on June 30, up 7% from the March 31 level. That would mean that Berkshire stock now trades for about 1.3 times its estimated June 30 book value, slightly below the five-year average price/book ratio.</p><p><blockquote>Edward Jones的沙纳汉估计，截至6月30日，每股A类股的账面价值为314,000美元，较3月31日的水平上涨7%。这意味着伯克希尔股票目前的交易价格约为6月30日估计账面价值的1.3倍，略低于五年平均市净率。</blockquote></p><p> Berkshire’s earnings growth in the second quarter may have been powered by its largest single unit, Burlington Northern Santa Fe, as well as its many industrial and housing-related businesses. Berkshire’s after-tax operating earnings are expected to increase 10% to $2.51 per class B share, according to FactSet.</p><p><blockquote>伯克希尔第二季度的盈利增长可能是由其最大的单一部门伯灵顿北圣达菲以及许多工业和住房相关业务推动的。FactSet的数据显示，伯克希尔的税后营业利润预计将增长10%，达到每股B类股2.51美元。</blockquote></p><p> Berkshire owns Clayton Homes, a maker of manufactured housing, Shaw Industries, a producer of carpet and other flooring, and Benjamin Moore, a maker of paints. Burlington Northern’s rival railroad in the western half of the country,Union Pacific(UNP), recently reported a 50% increase in second-quarter operating income relative to the year-earlier period.</p><p><blockquote>伯克希尔拥有活动房屋制造商Clayton Homes、地毯和其他地板生产商Shaw Industries以及油漆制造商Benjamin Moore。伯灵顿北方铁路公司在该国西半部的竞争对手联合太平洋铁路公司(UNP)最近报告称，第二季度营业收入较去年同期增长了50%。</blockquote></p><p> Investors also will be interested to see whether Berkshire was a net buyer of stocks in the second quarter. Buffett has seen limited opportunities in recent quarters, and Berkshire was a net seller of $3 billion of stocks in the first quarter. His biggest purchase in recent quarters has been&nbsp;Verizon Communications(VZ). Berkshire owns about $8 billion of the telecom company.</p><p><blockquote>投资者还将有兴趣了解伯克希尔哈撒韦公司是否是第二季度股票的净买家。巴菲特近几个季度看到的机会有限，伯克希尔一季度净卖出30亿美元股票。他最近几个季度最大的收购是Verizon Communications(VZ)。伯克希尔拥有这家电信公司约80亿美元的股份。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-is-reporting-earnings-on-saturday-heres-what-to-expect-51628176595?mod=hp_DAY_9\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-is-reporting-earnings-on-saturday-heres-what-to-expect-51628176595?mod=hp_DAY_9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196684672","content_text":"Berkshire Hathaway is expected to report strong second-quarter results on Saturday, including a 7% rise in its book value and a 10% increase in operating earnings.\nBerkshire (ticker: BRK.A and BRK.B) likely benefited in the second quarter from a 10% gain in the value of its roughly $300 billion equity portfolio, with about half that appreciation driven by a 12% increase in the share price of Apple (AAPL), Berkshire’s largest equity holding at more than $120 billion.\nThis estimate on investment portfolio gains comes from Edward Jones analyst James Shanahan who has a Buy rating on the stock.\nInvestors will be focused on book value, earnings, and stock repurchases given that CEO Warren Buffett has ramped up the buyback program in recent quarters. The buybacks in the period should total about $6.5 billion, in line with the $6.6 billion in the first quarter.\nThis estimate of second-quarter repurchases is based ona filing that Buffett made of his Berkshire holdings in late June after his annual donation of stock to the Bill & Melinda Gates Foundation and other philanthropies.\nThe filing showed Buffett’s percentage ownership of Berkshire on June 21 stood at 15.8%.Barron’scalculated a share count for that date based on that figure and compared it with the shares outstanding on March 31 to estimate the buybacks in the second quarter.\nBerkshire’s buybacks have run at about 1% of the shares outstanding a quarter during 2021, with the company valued at about $640 billion.\nBerkshire’s class A shares, which rose 0.3%, to $421,306, on Thursday, have risen almost 21% this year, outpacing the S&P 500 index, which has gained about 18%. Berkshire’s more liquid class B shares rose 0.5%, to $280.21, on Thursday.\nShanahan of Edward Jones estimates that book value stood at $314,000 per class A shares on June 30, up 7% from the March 31 level. That would mean that Berkshire stock now trades for about 1.3 times its estimated June 30 book value, slightly below the five-year average price/book ratio.\nBerkshire’s earnings growth in the second quarter may have been powered by its largest single unit, Burlington Northern Santa Fe, as well as its many industrial and housing-related businesses. Berkshire’s after-tax operating earnings are expected to increase 10% to $2.51 per class B share, according to FactSet.\nBerkshire owns Clayton Homes, a maker of manufactured housing, Shaw Industries, a producer of carpet and other flooring, and Benjamin Moore, a maker of paints. Burlington Northern’s rival railroad in the western half of the country,Union Pacific(UNP), recently reported a 50% increase in second-quarter operating income relative to the year-earlier period.\nInvestors also will be interested to see whether Berkshire was a net buyer of stocks in the second quarter. Buffett has seen limited opportunities in recent quarters, and Berkshire was a net seller of $3 billion of stocks in the first quarter. His biggest purchase in recent quarters has been Verizon Communications(VZ). Berkshire owns about $8 billion of the telecom company.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810036595,"gmtCreate":1629934076417,"gmtModify":1631884788947,"author":{"id":"3582067544580863","authorId":"3582067544580863","name":"1ca41907","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067544580863","idStr":"3582067544580863"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>😆😆","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>😆😆","text":"$Walt 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