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NatLes

NatLes

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2021-05-04

O

Sharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</blockquote>

2021-05-05

O

This Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</blockquote>

2021-04-26

.

Warren Buffett Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</blockquote>

2021-04-25

Nice

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2021-04-23

Nice

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2021-04-26

Nic2

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2021-07-03

Ok

抱歉，原内容已删除

2021-06-25

Ok

抱歉，原内容已删除

2021-06-18

Ok

Adobe Q2 Earnings Beat Expectations<blockquote>Adobe第二季度盈利超出预期</blockquote>

2021-06-17

Ok

抱歉，原内容已删除

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Non-GAAP profits were $3.03 a share, ahead of the company’s projection of $2.81 a share. Under generally accepted accounting principles, Adobe earned $2.32 a share.</p><p><blockquote>Adobe（股票代码：ADBE）报告本季度营收为38.4亿美元，同比增长23%，高于该公司预期的37.2亿美元。非GAAP利润为每股3.03美元，高于公司预期的每股2.81美元。根据公认会计原则，Adobe每股盈利2.32美元。</blockquote></p><p> Adobe stock rose 2.7%&nbsp;to $566&nbsp;in extended trading.</p><p><blockquote>Adobe股价在盘后交易中上涨2.7%至566美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28b7cdf0a510d12cc43d7e44330be797\" tg-width=\"1302\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p> Adobe’s results were above expectations in every segment. Digital Media revenue was $2.79 billion, up 25%, and four points better than the company’s guidance. That includes creative revenue of $2.32 billion, up 24%, and document cloud revenue of $496 million, up 30%.</p><p><blockquote>Adobe在每个领域的业绩都超出了预期。数字媒体收入为27.9亿美元，增长25%，比公司指引高出4个百分点。其中创意收入23.2亿美元，增长24%，文档云收入4.96亿美元，增长30%。</blockquote></p><p> Digital Experience segment revenue was $938 million, up 21%, and three points better than the company’s target for 18% growth.</p><p><blockquote>数字体验部门收入为9.38亿美元，增长21%，比公司18%增长的目标高出3个百分点。</blockquote></p><p> The company also said it bought back about 2.1 million shares in the quarter.</p><p><blockquote>该公司还表示，本季度回购了约210万股股票。</blockquote></p><p> For the fiscal third quarter, Adobe sees revenue of $3.88 billion, slightly higher than the Street consensus forecast of $3.83 billion, with non-GAAP profits of $3 a share, above the Street consensus estimate for $2.89 a share. The company sees growth in the quarter of 21% in the digital experience segment, and 25% in digital experience.</p><p><blockquote>Adobe预计第三财季营收为38.8亿美元，略高于华尔街普遍预期的38.3亿美元，非GAAP每股利润为3美元，高于华尔街普遍预期的每股2.89美元。该公司预计本季度数字体验领域增长21%，数字体验领域增长25%。</blockquote></p><p> “Adobe had an outstanding second quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform work, learn and play in a digital-first world,” Adobe CEO Shantanu Narayen said in a statement.</p><p><blockquote>Adobe首席执行官Shantanu Narayen在一份声明中表示：“随着Creative Cloud、Document Cloud和Experience Cloud继续改变数字优先世界中的工作、学习和娱乐，Adobe第二季度表现出色。”</blockquote></p><p> Chief Financial Officer John Murphy added in a statement that “the large market opportunity and momentum we are seeing across our creative, document and customer experience management businesses position us well to deliver another record year.”</p><p><blockquote>首席财务官约翰·墨菲(John Murphy)在一份声明中补充道：“我们在创意、文档和客户体验管理业务中看到的巨大市场机会和势头使我们能够再创历史新高。”</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>Adobe Q2 Earnings Beat Expectations<blockquote>Adobe第二季度盈利超出预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Q2 Earnings Beat Expectations<blockquote>Adobe第二季度盈利超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-18 08:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Adobe stock is trading higher late Thursday after the creative-software company posted better-than-expected results for its fiscal second quarter ended June 4.</p><p><blockquote>Adobe股价周四晚间走高，此前这家创意软件公司公布了截至6月4日的第二财季业绩好于预期。</blockquote></p><p> For the quarter, Adobe (ticker: ADBE) reported revenue of $3.84 billion, up 23% from a year ago, and ahead of the company’s forecast of $3.72 billion. Non-GAAP profits were $3.03 a share, ahead of the company’s projection of $2.81 a share. Under generally accepted accounting principles, Adobe earned $2.32 a share.</p><p><blockquote>Adobe（股票代码：ADBE）报告本季度营收为38.4亿美元，同比增长23%，高于该公司预期的37.2亿美元。非GAAP利润为每股3.03美元，高于公司预期的每股2.81美元。根据公认会计原则，Adobe每股盈利2.32美元。</blockquote></p><p> Adobe stock rose 2.7%&nbsp;to $566&nbsp;in extended trading.</p><p><blockquote>Adobe股价在盘后交易中上涨2.7%至566美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28b7cdf0a510d12cc43d7e44330be797\" tg-width=\"1302\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p> Adobe’s results were above expectations in every segment. Digital Media revenue was $2.79 billion, up 25%, and four points better than the company’s guidance. That includes creative revenue of $2.32 billion, up 24%, and document cloud revenue of $496 million, up 30%.</p><p><blockquote>Adobe在每个领域的业绩都超出了预期。数字媒体收入为27.9亿美元，增长25%，比公司指引高出4个百分点。其中创意收入23.2亿美元，增长24%，文档云收入4.96亿美元，增长30%。</blockquote></p><p> Digital Experience segment revenue was $938 million, up 21%, and three points better than the company’s target for 18% growth.</p><p><blockquote>数字体验部门收入为9.38亿美元，增长21%，比公司18%增长的目标高出3个百分点。</blockquote></p><p> The company also said it bought back about 2.1 million shares in the quarter.</p><p><blockquote>该公司还表示，本季度回购了约210万股股票。</blockquote></p><p> For the fiscal third quarter, Adobe sees revenue of $3.88 billion, slightly higher than the Street consensus forecast of $3.83 billion, with non-GAAP profits of $3 a share, above the Street consensus estimate for $2.89 a share. The company sees growth in the quarter of 21% in the digital experience segment, and 25% in digital experience.</p><p><blockquote>Adobe预计第三财季营收为38.8亿美元，略高于华尔街普遍预期的38.3亿美元，非GAAP每股利润为3美元，高于华尔街普遍预期的每股2.89美元。该公司预计本季度数字体验领域增长21%，数字体验领域增长25%。</blockquote></p><p> “Adobe had an outstanding second quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform work, learn and play in a digital-first world,” Adobe CEO Shantanu Narayen said in a statement.</p><p><blockquote>Adobe首席执行官Shantanu Narayen在一份声明中表示：“随着Creative Cloud、Document Cloud和Experience Cloud继续改变数字优先世界中的工作、学习和娱乐，Adobe第二季度表现出色。”</blockquote></p><p> Chief Financial Officer John Murphy added in a statement that “the large market opportunity and momentum we are seeing across our creative, document and customer experience management businesses position us well to deliver another record year.”</p><p><blockquote>首席财务官约翰·墨菲(John Murphy)在一份声明中补充道：“我们在创意、文档和客户体验管理业务中看到的巨大市场机会和势头使我们能够再创历史新高。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198149770","content_text":"Adobe stock is trading higher late Thursday after the creative-software company posted better-than-expected results for its fiscal second quarter ended June 4.\nFor the quarter, Adobe (ticker: ADBE) reported revenue of $3.84 billion, up 23% from a year ago, and ahead of the company’s forecast of $3.72 billion. Non-GAAP profits were $3.03 a share, ahead of the company’s projection of $2.81 a share. Under generally accepted accounting principles, Adobe earned $2.32 a share.\nAdobe stock rose 2.7% to $566 in extended trading.\n\nAdobe’s results were above expectations in every segment. Digital Media revenue was $2.79 billion, up 25%, and four points better than the company’s guidance. That includes creative revenue of $2.32 billion, up 24%, and document cloud revenue of $496 million, up 30%.\nDigital Experience segment revenue was $938 million, up 21%, and three points better than the company’s target for 18% growth.\nThe company also said it bought back about 2.1 million shares in the quarter.\nFor the fiscal third quarter, Adobe sees revenue of $3.88 billion, slightly higher than the Street consensus forecast of $3.83 billion, with non-GAAP profits of $3 a share, above the Street consensus estimate for $2.89 a share. The company sees growth in the quarter of 21% in the digital experience segment, and 25% in digital experience.\n“Adobe had an outstanding second quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform work, learn and play in a digital-first world,” Adobe CEO Shantanu Narayen said in a statement.\nChief Financial Officer John Murphy added in a statement that “the large market opportunity and momentum we are seeing across our creative, document and customer experience management businesses position us well to deliver another record year.”","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":2032,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163559778,"gmtCreate":1623889679294,"gmtModify":1634026439366,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163559778","repostId":"1191044253","repostType":4,"isVote":1,"tweetType":1,"viewCount":2166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169422969,"gmtCreate":1623848330251,"gmtModify":1634027159973,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169422969","repostId":"1185341836","repostType":4,"repost":{"id":"1185341836","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623845207,"share":"https://www.laohu8.com/m/news/1185341836?lang=zh_CN&edition=full","pubTime":"2021-06-16 20:06","market":"sh","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185341836","media":"Tiger Newspress","summary":"U.S. stock index futures were mostly flat on Wednesday ahead of the Federal Reserve's update on mone","content":"<p>U.S. stock index futures were mostly flat on Wednesday ahead of the&nbsp;Federal Reserve's update&nbsp;on monetary policy.</p><p><blockquote>在美联储公布货币政策更新之前，美国股指期货周三大多持平。</blockquote></p><p> Futures contracts tied to the Dow Jones Industrial Average were just 46 points lower. S&amp;P 500 futures were largely flat, while Nasdaq 100 futures traded up by 0.1%.</p><p><blockquote>与道琼斯工业平均指数挂钩的期货合约仅下跌46点。标普500期货基本持平，纳斯达克100期货上涨0.1%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33b560b1ab96b7a340369b24c17d6aa2\" tg-width=\"664\" tg-height=\"233\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:10</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:10</span></p></blockquote></p><p> The Fed has previously tried to assuage concerns that rising inflation would prompt it to tighten its ultra loose monetary policy, but data on Tuesday showing a jump in producer prices has again raised expectations the central bank could begin debating closing the taps at its meeting this week.</p><p><blockquote>美联储此前曾试图缓解人们对通胀上升将促使其收紧超宽松货币政策的担忧，但周二显示生产者价格上涨的数据再次引发了人们对美联储可能在本周会议上开始讨论关闭水龙头的预期。</blockquote></p><p> The central bank's latest policy statement is expected to be released with fresh economic projections at 2 p.m. ET (1800 GMT).</p><p><blockquote>央行最新的政策声明预计将于下午2点发布，其中包含新的经济预测。美国东部时间（格林威治标准时间1800）。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Oracle(ORCL) </b>– Oracleearned $1.54 per sharefor its latest quarter, beating the consensus estimate of $1.31 a share. The business software company's revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its cloud computing operations. Its shares fell 4.7% in premarket trading.</p><p><blockquote><b>甲骨文(ORCL)</b>-甲骨文最近一个季度的每股收益为1.54美元，超出了每股1.31美元的普遍预期。这家商业软件公司的收入也超出了预期。然而，由于增加了对云计算业务的投资，该公司预计本季度利润将低于市场普遍预期。其股价在盘前交易中下跌4.7%。</blockquote></p><p> <b>Roblox(RBLX) </b>– Roblox tumbled 7.7% in the premarket after it reported 43 million daily active users for May, up 28% compared to a year earlier but down from 43.3 million in April. Spending by users of the videogame platform was down slightly from a year earlier.</p><p><blockquote><b>机器人(RBLX)</b>-Roblox公布5月份日活跃用户为4300万，同比增长28%，但低于4月份的4330万，盘前下跌7.7%。视频游戏平台用户的支出较去年同期略有下降。</blockquote></p><p> <b>Kindred Biosciences(KIN)</b> – The pet therapeutics company agreed to be acquired byElanco Animal Health(ELAN) for $9.25 per share, or $440 million. Kindred had closed at $6.34 Tuesday, and its stock surged 44.6% in the premarket.</p><p><blockquote><b>亲族生物科学公司(KIN)</b>–宠物治疗公司同意被Elanco Animal Health(ELAN)以每股9.25美元（即4.4亿美元）收购。Kindred周二收于6.34美元，其股价盘前飙升44.6%。</blockquote></p><p> <b>La-Z-Boy(LZB) </b>– La-Z-Boy reported quarterly earnings of 87 cents per share, compared to a consensus estimate of 74 cents a share. The company best known for its reclining chairs also reported better-than-expected revenue. La-Z-Boy said it was being impacted by supply chain issues and significant increases in raw materials prices. Its shares lost 2.3% in the premarket.</p><p><blockquote><b>La-Z-Boy(LZB)</b>-La-Z-Boy报告季度收益为每股87美分，而市场普遍预期为每股74美分。这家以躺椅闻名的公司也公布了好于预期的收入。La-Z-Boy表示，该公司正受到供应链问题和原材料价格大幅上涨的影响。其股价盘前下跌2.3%。</blockquote></p><p> <b>H&amp;R Block(HRB)</b> – H&amp;R Block beat Street forecasts for both profit and revenue in its latest quarter, and the tax preparation firm also raised its quarterly dividend by 4% to 27 cents per share. Additionally, H&amp;R Block is shifting the end of its fiscal year to June 30 from April 30, to better capture tax filing activity. H&amp;R Block shares slid 1.1% in premarket action.</p><p><blockquote><b>H&amp;R区块(HRB)</b>–H&amp;R Block最近一个季度的利润和收入均超出了华尔街的预期，该税务准备公司还将季度股息提高了4%，至每股27美分。此外，H&amp;R Block将其财年结束时间从4月30日推迟到6月30日，以更好地捕捉报税活动。H&amp;R Block股价在盘前下跌1.1%。</blockquote></p><p> <b>EBay(EBAY)</b> – The online marketplace operator will sell its South Korean unit to retailer Shinsegae's E-Mart unit and website operator Naver for about $3.6 billion, according to local media reports. E-Mart acknowledged the talks but said that no deal had been finalized.</p><p><blockquote><b>EBay（EBay）</b>-据当地媒体报道，这家在线市场运营商将以约36亿美元的价格将其韩国部门出售给零售商Shinsegae的E-Mart部门和网站运营商Naver。易买得承认进行了谈判，但表示尚未敲定任何交易。</blockquote></p><p> <b>General Motors(GM) </b>– GM reportedly plans to boost global spending on electric and autonomous vehicles by 30% from its most recent forecast to a total of $35 billion through 2025. People briefed on the plans told Reuters that the spending will include two additional U.S. battery plants.</p><p><blockquote><b>通用汽车(GM)</b>-据报道，通用汽车计划到2025年将全球电动和自动驾驶汽车支出比最新预测增加30%，达到350亿美元。了解该计划的人士告诉路透社，这笔支出将包括另外两家美国电池厂。</blockquote></p><p> <b>Johnson &amp; Johnson(JNJ)</b> – The Food and Drug Administration cleared 15 million more doses of J&amp;J's Covid-19 vaccine that had been produced at a Baltimore plant run byEmergent Biosolutions(EBS). That brings the total of cleared doses to 25 million. Earlier, the FDA had rejected 60 million doses produced at that plant, saying Emergent hadn't taken proper precautions to prevent cross-contamination with another production line that was producingAstraZeneca's(AZN) Covid vaccine.</p><p><blockquote><b>强生公司(JNJ)</b>-美国食品和药物管理局批准了另外1500万剂强生Covid-19疫苗，该疫苗是在Emergent BioSolutions(EBS)运营的巴尔的摩工厂生产的。这使得批准的总剂量达到2500万剂。早些时候，FDA拒绝了该工厂生产的6000万剂疫苗，称Emergent没有采取适当的预防措施来防止与另一条生产阿斯利康(AZN)新冠疫苗的生产线交叉污染。</blockquote></p><p> <b>Southwest Airlines(LUV) </b>– Southwest&nbsp;suffered its second computer glitch in 24 hoursTuesday, with a system outage leading to the cancellation of about 500 flights and delaying many others.</p><p><blockquote><b>西南航空(LUV)</b>–周二，西南航空遭遇24小时内第二次计算机故障，系统中断导致约500个航班取消，许多航班延误。</blockquote></p><p> <b>Dish Network(DISH) </b>– The satellite TV company was upgraded to \"buy\" from \"hold\" at Pivotal Research, which cited the potential for Dish's 5G wireless network. Dish rose 1.7% in the premarket.</p><p><blockquote><b>碟形网络(DISH)</b>–Pivotal Research将这家卫星电视公司从“持有”上调至“买入”，该公司指出了Dish 5G无线网络的潜力。Dish盘前上涨1.7%。</blockquote></p><p> <b>Apollo Global(APO) </b>– Apollo sold textbook and educational technology company McGraw Hill to private-equity firm Platinum Equity for $4.5 billion.</p><p><blockquote><b>阿波罗全球(APO)</b>–Apollo以45亿美元的价格将教科书和教育技术公司McGraw Hill出售给私募股权公司Platinum Equity。</blockquote></p><p> <b>Regeneron(REGN) </b>– The drugmaker'sCovid-19 antibody cocktailreduced deaths in patients who could not mount their own antibody response, according to a newly published British study.</p><p><blockquote><b>再生元(REGN)</b>-根据英国新发表的一项研究，该制药商的sCovid-19抗体鸡尾酒减少了无法产生自身抗体反应的患者的死亡。</blockquote></p><p> <b>SoFi Technologies(SOFI) </b>– The financial services platform was rated \"buy\" in new coverage at Rosenblatt Securities, noting SoFi's \"powerful\" cost advantage over legacy banks. SoFi shares rose 2.1% in the premarket.</p><p><blockquote><b>索菲科技(SOFI)</b>-该金融服务平台在Rosenblatt Securities的新报道中被评为“买入”，指出SoFi相对于传统银行具有“强大”的成本优势。SoFi股价盘前上涨2.1%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</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\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-16 20:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures were mostly flat on Wednesday ahead of the&nbsp;Federal Reserve's update&nbsp;on monetary policy.</p><p><blockquote>在美联储公布货币政策更新之前，美国股指期货周三大多持平。</blockquote></p><p> Futures contracts tied to the Dow Jones Industrial Average were just 46 points lower. S&amp;P 500 futures were largely flat, while Nasdaq 100 futures traded up by 0.1%.</p><p><blockquote>与道琼斯工业平均指数挂钩的期货合约仅下跌46点。标普500期货基本持平，纳斯达克100期货上涨0.1%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33b560b1ab96b7a340369b24c17d6aa2\" tg-width=\"664\" tg-height=\"233\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:10</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:10</span></p></blockquote></p><p> The Fed has previously tried to assuage concerns that rising inflation would prompt it to tighten its ultra loose monetary policy, but data on Tuesday showing a jump in producer prices has again raised expectations the central bank could begin debating closing the taps at its meeting this week.</p><p><blockquote>美联储此前曾试图缓解人们对通胀上升将促使其收紧超宽松货币政策的担忧，但周二显示生产者价格上涨的数据再次引发了人们对美联储可能在本周会议上开始讨论关闭水龙头的预期。</blockquote></p><p> The central bank's latest policy statement is expected to be released with fresh economic projections at 2 p.m. ET (1800 GMT).</p><p><blockquote>央行最新的政策声明预计将于下午2点发布，其中包含新的经济预测。美国东部时间（格林威治标准时间1800）。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Oracle(ORCL) </b>– Oracleearned $1.54 per sharefor its latest quarter, beating the consensus estimate of $1.31 a share. The business software company's revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its cloud computing operations. Its shares fell 4.7% in premarket trading.</p><p><blockquote><b>甲骨文(ORCL)</b>-甲骨文最近一个季度的每股收益为1.54美元，超出了每股1.31美元的普遍预期。这家商业软件公司的收入也超出了预期。然而，由于增加了对云计算业务的投资，该公司预计本季度利润将低于市场普遍预期。其股价在盘前交易中下跌4.7%。</blockquote></p><p> <b>Roblox(RBLX) </b>– Roblox tumbled 7.7% in the premarket after it reported 43 million daily active users for May, up 28% compared to a year earlier but down from 43.3 million in April. Spending by users of the videogame platform was down slightly from a year earlier.</p><p><blockquote><b>机器人(RBLX)</b>-Roblox公布5月份日活跃用户为4300万，同比增长28%，但低于4月份的4330万，盘前下跌7.7%。视频游戏平台用户的支出较去年同期略有下降。</blockquote></p><p> <b>Kindred Biosciences(KIN)</b> – The pet therapeutics company agreed to be acquired byElanco Animal Health(ELAN) for $9.25 per share, or $440 million. Kindred had closed at $6.34 Tuesday, and its stock surged 44.6% in the premarket.</p><p><blockquote><b>亲族生物科学公司(KIN)</b>–宠物治疗公司同意被Elanco Animal Health(ELAN)以每股9.25美元（即4.4亿美元）收购。Kindred周二收于6.34美元，其股价盘前飙升44.6%。</blockquote></p><p> <b>La-Z-Boy(LZB) </b>– La-Z-Boy reported quarterly earnings of 87 cents per share, compared to a consensus estimate of 74 cents a share. The company best known for its reclining chairs also reported better-than-expected revenue. La-Z-Boy said it was being impacted by supply chain issues and significant increases in raw materials prices. Its shares lost 2.3% in the premarket.</p><p><blockquote><b>La-Z-Boy(LZB)</b>-La-Z-Boy报告季度收益为每股87美分，而市场普遍预期为每股74美分。这家以躺椅闻名的公司也公布了好于预期的收入。La-Z-Boy表示，该公司正受到供应链问题和原材料价格大幅上涨的影响。其股价盘前下跌2.3%。</blockquote></p><p> <b>H&amp;R Block(HRB)</b> – H&amp;R Block beat Street forecasts for both profit and revenue in its latest quarter, and the tax preparation firm also raised its quarterly dividend by 4% to 27 cents per share. Additionally, H&amp;R Block is shifting the end of its fiscal year to June 30 from April 30, to better capture tax filing activity. H&amp;R Block shares slid 1.1% in premarket action.</p><p><blockquote><b>H&amp;R区块(HRB)</b>–H&amp;R Block最近一个季度的利润和收入均超出了华尔街的预期，该税务准备公司还将季度股息提高了4%，至每股27美分。此外，H&amp;R Block将其财年结束时间从4月30日推迟到6月30日，以更好地捕捉报税活动。H&amp;R Block股价在盘前下跌1.1%。</blockquote></p><p> <b>EBay(EBAY)</b> – The online marketplace operator will sell its South Korean unit to retailer Shinsegae's E-Mart unit and website operator Naver for about $3.6 billion, according to local media reports. E-Mart acknowledged the talks but said that no deal had been finalized.</p><p><blockquote><b>EBay（EBay）</b>-据当地媒体报道，这家在线市场运营商将以约36亿美元的价格将其韩国部门出售给零售商Shinsegae的E-Mart部门和网站运营商Naver。易买得承认进行了谈判，但表示尚未敲定任何交易。</blockquote></p><p> <b>General Motors(GM) </b>– GM reportedly plans to boost global spending on electric and autonomous vehicles by 30% from its most recent forecast to a total of $35 billion through 2025. People briefed on the plans told Reuters that the spending will include two additional U.S. battery plants.</p><p><blockquote><b>通用汽车(GM)</b>-据报道，通用汽车计划到2025年将全球电动和自动驾驶汽车支出比最新预测增加30%，达到350亿美元。了解该计划的人士告诉路透社，这笔支出将包括另外两家美国电池厂。</blockquote></p><p> <b>Johnson &amp; Johnson(JNJ)</b> – The Food and Drug Administration cleared 15 million more doses of J&amp;J's Covid-19 vaccine that had been produced at a Baltimore plant run byEmergent Biosolutions(EBS). That brings the total of cleared doses to 25 million. Earlier, the FDA had rejected 60 million doses produced at that plant, saying Emergent hadn't taken proper precautions to prevent cross-contamination with another production line that was producingAstraZeneca's(AZN) Covid vaccine.</p><p><blockquote><b>强生公司(JNJ)</b>-美国食品和药物管理局批准了另外1500万剂强生Covid-19疫苗，该疫苗是在Emergent BioSolutions(EBS)运营的巴尔的摩工厂生产的。这使得批准的总剂量达到2500万剂。早些时候，FDA拒绝了该工厂生产的6000万剂疫苗，称Emergent没有采取适当的预防措施来防止与另一条生产阿斯利康(AZN)新冠疫苗的生产线交叉污染。</blockquote></p><p> <b>Southwest Airlines(LUV) </b>– Southwest&nbsp;suffered its second computer glitch in 24 hoursTuesday, with a system outage leading to the cancellation of about 500 flights and delaying many others.</p><p><blockquote><b>西南航空(LUV)</b>–周二，西南航空遭遇24小时内第二次计算机故障，系统中断导致约500个航班取消，许多航班延误。</blockquote></p><p> <b>Dish Network(DISH) </b>– The satellite TV company was upgraded to \"buy\" from \"hold\" at Pivotal Research, which cited the potential for Dish's 5G wireless network. Dish rose 1.7% in the premarket.</p><p><blockquote><b>碟形网络(DISH)</b>–Pivotal Research将这家卫星电视公司从“持有”上调至“买入”，该公司指出了Dish 5G无线网络的潜力。Dish盘前上涨1.7%。</blockquote></p><p> <b>Apollo Global(APO) </b>– Apollo sold textbook and educational technology company McGraw Hill to private-equity firm Platinum Equity for $4.5 billion.</p><p><blockquote><b>阿波罗全球(APO)</b>–Apollo以45亿美元的价格将教科书和教育技术公司McGraw Hill出售给私募股权公司Platinum Equity。</blockquote></p><p> <b>Regeneron(REGN) </b>– The drugmaker'sCovid-19 antibody cocktailreduced deaths in patients who could not mount their own antibody response, according to a newly published British study.</p><p><blockquote><b>再生元(REGN)</b>-根据英国新发表的一项研究，该制药商的sCovid-19抗体鸡尾酒减少了无法产生自身抗体反应的患者的死亡。</blockquote></p><p> <b>SoFi Technologies(SOFI) </b>– The financial services platform was rated \"buy\" in new coverage at Rosenblatt Securities, noting SoFi's \"powerful\" cost advantage over legacy banks. SoFi shares rose 2.1% in the premarket.</p><p><blockquote><b>索菲科技(SOFI)</b>-该金融服务平台在Rosenblatt Securities的新报道中被评为“买入”，指出SoFi相对于传统银行具有“强大”的成本优势。SoFi股价盘前上涨2.1%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ORCL":"甲骨文",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185341836","content_text":"U.S. stock index futures were mostly flat on Wednesday ahead of the Federal Reserve's update on monetary policy.\nFutures contracts tied to the Dow Jones Industrial Average were just 46 points lower. S&P 500 futures were largely flat, while Nasdaq 100 futures traded up by 0.1%.\n*Source From Tiger Trade, EST 08:10\nThe Fed has previously tried to assuage concerns that rising inflation would prompt it to tighten its ultra loose monetary policy, but data on Tuesday showing a jump in producer prices has again raised expectations the central bank could begin debating closing the taps at its meeting this week.\nThe central bank's latest policy statement is expected to be released with fresh economic projections at 2 p.m. ET (1800 GMT).\nStocks making the biggest moves in the premarket:\nOracle(ORCL) – Oracleearned $1.54 per sharefor its latest quarter, beating the consensus estimate of $1.31 a share. The business software company's revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its cloud computing operations. Its shares fell 4.7% in premarket trading.\nRoblox(RBLX) – Roblox tumbled 7.7% in the premarket after it reported 43 million daily active users for May, up 28% compared to a year earlier but down from 43.3 million in April. Spending by users of the videogame platform was down slightly from a year earlier.\nKindred Biosciences(KIN) – The pet therapeutics company agreed to be acquired byElanco Animal Health(ELAN) for $9.25 per share, or $440 million. Kindred had closed at $6.34 Tuesday, and its stock surged 44.6% in the premarket.\nLa-Z-Boy(LZB) – La-Z-Boy reported quarterly earnings of 87 cents per share, compared to a consensus estimate of 74 cents a share. The company best known for its reclining chairs also reported better-than-expected revenue. La-Z-Boy said it was being impacted by supply chain issues and significant increases in raw materials prices. Its shares lost 2.3% in the premarket.\nH&R Block(HRB) – H&R Block beat Street forecasts for both profit and revenue in its latest quarter, and the tax preparation firm also raised its quarterly dividend by 4% to 27 cents per share. Additionally, H&R Block is shifting the end of its fiscal year to June 30 from April 30, to better capture tax filing activity. H&R Block shares slid 1.1% in premarket action.\nEBay(EBAY) – The online marketplace operator will sell its South Korean unit to retailer Shinsegae's E-Mart unit and website operator Naver for about $3.6 billion, according to local media reports. E-Mart acknowledged the talks but said that no deal had been finalized.\nGeneral Motors(GM) – GM reportedly plans to boost global spending on electric and autonomous vehicles by 30% from its most recent forecast to a total of $35 billion through 2025. People briefed on the plans told Reuters that the spending will include two additional U.S. battery plants.\nJohnson & Johnson(JNJ) – The Food and Drug Administration cleared 15 million more doses of J&J's Covid-19 vaccine that had been produced at a Baltimore plant run byEmergent Biosolutions(EBS). That brings the total of cleared doses to 25 million. Earlier, the FDA had rejected 60 million doses produced at that plant, saying Emergent hadn't taken proper precautions to prevent cross-contamination with another production line that was producingAstraZeneca's(AZN) Covid vaccine.\nSouthwest Airlines(LUV) – Southwest suffered its second computer glitch in 24 hoursTuesday, with a system outage leading to the cancellation of about 500 flights and delaying many others.\nDish Network(DISH) – The satellite TV company was upgraded to \"buy\" from \"hold\" at Pivotal Research, which cited the potential for Dish's 5G wireless network. Dish rose 1.7% in the premarket.\nApollo Global(APO) – Apollo sold textbook and educational technology company McGraw Hill to private-equity firm Platinum Equity for $4.5 billion.\nRegeneron(REGN) – The drugmaker'sCovid-19 antibody cocktailreduced deaths in patients who could not mount their own antibody response, according to a newly published British study.\nSoFi Technologies(SOFI) – The financial services platform was rated \"buy\" in new coverage at Rosenblatt Securities, noting SoFi's \"powerful\" cost advantage over legacy banks. SoFi shares rose 2.1% in the premarket.","news_type":1,"symbols_score_info":{"KIN":0.9,"ORCL":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102432749,"gmtCreate":1620229403181,"gmtModify":1634206800988,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/102432749","repostId":"1148686352","repostType":4,"repost":{"id":"1148686352","kind":"news","pubTimestamp":1620224535,"share":"https://www.laohu8.com/m/news/1148686352?lang=zh_CN&edition=full","pubTime":"2021-05-05 22:22","market":"us","language":"en","title":"This Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148686352","media":"benzinga","summary":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the ","content":"<p><div> What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time. Where The Market Was:The Dow finished the day at 30.02. What Else Was Going On In The World?In...</p><p><blockquote><div>怎么回事？1893年的这一天，美股遭遇了当时历史上最严重的盘中跌幅。市场位置：道琼斯指数当天收于30.02点。世界上还发生了什么？在……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>This Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</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\">\nThis Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">benzinga</strong><span class=\"h-time small\">2021-05-05 22:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time. Where The Market Was:The Dow finished the day at 30.02. What Else Was Going On In The World?In...</p><p><blockquote><div>怎么回事？1893年的这一天，美股遭遇了当时历史上最严重的盘中跌幅。市场位置：道琼斯指数当天收于30.02点。世界上还发生了什么？在……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148686352","content_text":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.\nPanic Of 1893:On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.\nThe Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.\nThe May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.General Electric CompanyGE 0.34%shares dropped 28% on the day from $80 to $58.\nFortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.\nThe Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106429638,"gmtCreate":1620140442624,"gmtModify":1634207506867,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/106429638","repostId":"1179044309","repostType":4,"repost":{"id":"1179044309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620140053,"share":"https://www.laohu8.com/m/news/1179044309?lang=zh_CN&edition=full","pubTime":"2021-05-04 22:54","market":"us","language":"en","title":"Sharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179044309","media":"Benzinga","summary":"After racing into earnings season, stocks have basically treaded water the last two weeks. The S&P 5","content":"<p>After racing into earnings season, stocks have basically treaded water the last two weeks. The&nbsp;<b>S&amp;P 500 Index</b>&nbsp;(SPX) finished Monday less than 1% changed from mid-April when reporting season began.</p><p><blockquote>在进入财报季后，过去两周股市基本上停滞不前。The<b>标普500指数</b>(SPX)周一收盘较4月中旬财报季开始时变化不到1%。</blockquote></p><p> That’s despite an amazing Q1 earnings performance by S&amp;P 500 companies so far, with average earnings per share up more than 40%. With more than half of the reporting season done, 86% of companies have beaten earnings expectations, according to FactSet.</p><p><blockquote>尽管迄今为止标普500公司第一季度的盈利表现令人惊叹，平均每股收益增长了40%以上。FactSet的数据显示，财报季已过半，86%的公司盈利超出预期。</blockquote></p><p> When you accompany that with the lack of gains in major indices, you have to ask yourself how much of the good news was priced in. We were already at all-time highs ahead of the reporting period, so can the reality match the expectations?</p><p><blockquote>当你伴随着主要指数缺乏涨幅时，你必须问自己有多少好消息被定价了。我们在报告期之前就已经处于历史高点，那么现实能否与预期相匹配呢？</blockquote></p><p> Anyway, this stall in forward progress isn’t something to be overly concerned about. We’re heading into summer, which tends to be a time of lighter volumes, but lighter volumes can mean good things as well.</p><p><blockquote>无论如何，这种前进的停滞并不是什么值得过度担心的事情。我们即将进入夏季，这往往是一个成交量较少的时期，但成交量较少也可能意味着好事。</blockquote></p><p> For the next act, investors might have their eyes peeled on ride-sharing companies&nbsp;<b>Lyft Technologies Inc.</b>LYFT 4.39%and&nbsp;<b>Uber</b>UBER 3.03%today and tomorrow to see if they can provide insight into reopening progress.</p><p><blockquote>对于下一步行动，投资者可能会密切关注拼车公司<b>Lyft技术公司。</b>LYFT 4.39%和<b>优步</b>UBER今天和明天将上涨3.03%，看看他们是否可以提供有关重新开放进展的见解。</blockquote></p><p> <b>Solid Reporting Season Continues With CVS, Pfizer</b></p><p><blockquote><b>CVS和辉瑞继续稳健的报告季</b></blockquote></p><p> Before that, investors got another set of solid earnings news this morning as&nbsp;<b>CVS</b>CVS 3%and&nbsp;<b>Pfizer</b>PFE 0.45%outran consensus expectations and raised guidance. PFE raised revenue guidance by 18% for the year, which is pretty impressive. Some of that is related to their Covid vaccine, but not all of it.</p><p><blockquote>在此之前，投资者今天上午又收到了一组可靠的盈利消息，<b>CVS</b>CVS 3%和<b>辉瑞</b>PFE 0.45%超出普遍预期并上调指引。PFE将今年的收入指引上调了18%，这相当令人印象深刻。其中一些与他们的Covid疫苗有关，但不是全部。</blockquote></p><p> Technology—particularly the so-called “FAANG” sector of that group—appeared to be taking the worst of it early Tuesday. The Tech sector is by far the worst SPX performer over the last week even though earnings from most of the “mega-caps” in that sector looked solid. At the same time, cyclical sectors—think Financials and Energy—have led gains recently. It’s more along the lines of what we were seeing earlier this year before Tech made a move going into earnings season.</p><p><blockquote>周二早些时候，科技——尤其是该集团中所谓的“FAANG”部门——似乎受到了最严重的影响。科技板块是上周SPX表现最差的板块，尽管该板块大多数“大型股”的盈利看起来稳健。与此同时，周期性板块——比如金融和能源——最近领涨。这更符合我们今年早些时候在科技进入财报季之前所看到的情况。</blockquote></p><p> Call it what you want: “Consolidation” is a word some people are using to describe this lack of direction in the markets amid a slowing news flow. The directionless trading appears to be extending into Tuesday, with major indices losing ground ahead of the opening bell and the closely-watched 10-year Treasury yield back at 1.6%, right in the middle of its recent range.</p><p><blockquote>看涨期权它是你想要的：一些人用“整合”这个词来描述在新闻流放缓的情况下市场缺乏方向。无方向交易似乎将延续到周二，主要股指在开盘前下跌，备受关注的10年期国债收益率回到1.6%，处于近期区间的中间位置。</blockquote></p><p> Still, commodity prices—and not just&nbsp;the semiconductors we’ve talked about recently—are on the rise, with the&nbsp;<b>Bloomberg Commodity Index</b>&nbsp;($BCOM) among those commodity benchmarks sitting on multi-year highs. Even if long-dated Treasury yields remain muted and the Fed sticks to its narrative of “transitory inflation” (see more below), commodities seem to be factoring in higher prices.</p><p><blockquote>尽管如此，大宗商品价格——不仅仅是我们最近谈到的半导体——仍在上涨，随着<b>彭博商品指数</b>($BCOM)是处于多年高点的大宗商品基准之一。即使长期国债收益率保持低迷，美联储坚持其“暂时性通胀”的说法（见下文），大宗商品似乎也在考虑价格上涨。</blockquote></p><p> Volatility is up slightly, too, not surprising considering the pressure on stocks. Keep an eye on the 20 level for the&nbsp;<b>Cboe&nbsp;Volatility&nbsp;Index</b>&nbsp;(VIX). We’re only slightly below that benchmark figure, and looking at forward contracts, the message looks like we’ll continue to bounce around for a while.</p><p><blockquote>考虑到股市面临的压力，波动性也略有上升，这并不奇怪。密切关注20级<b>芝加哥期权交易所波动率指数</b>（波动率指数）。我们仅略低于该基准数字，从远期合约来看，我们似乎将继续反弹一段时间。</blockquote></p><p> <b>Earnings Season About To Catch A&nbsp;Ride</b></p><p><blockquote><b>财报季即将到来</b></blockquote></p><p> It’s kind of fitting that “reopening” stocks led the way Monday in a week that features&nbsp;earnings from<b>Uber Technologies Inc.</b>UBER 3.03%and<b>Lyft</b>LYFT 4.39%,&nbsp;two companies that would likely stand to benefit if people are getting out more. LYFT is expected to report today after the close and UBER is up to bat tomorrow after the close.</p><p><blockquote>周一，“重新开放”股票在一周的收益中领先，这是很合适的<b>优步技术公司。</b>优步3.03%和<b>Lyft</b>LYFT 4.39%，如果人们更多地外出，这两家公司可能会受益。LYFT预计将于今天收盘后发布报告，UBER将于明天收盘后发布报告。</blockquote></p><p> Both companies are apparently having some trouble finding drivers to meet all the new demand, kind of a good problem to have. However, it could be costly, with both having to spend more on driver incentives. There’s also a regulatory headwind after the U.S. Labor secretary told Reuters that many gig economy workers should be treated as employees.</p><p><blockquote>两家公司显然都很难找到满足所有新需求的司机，这是一个很好的问题。然而，这可能代价高昂，双方都必须在司机激励上花费更多。美国劳工部长告诉路透社，许多零工经济工人应该被视为雇员，这也带来了监管阻力。</blockquote></p><p> If that ends up happening nationwide and UBER and LYFT have to treat drivers as employees instead of independent contractors, it seems that would substantially increase costs for these companies. However, that’s far from settled yet.</p><p><blockquote>如果这种情况最终在全国范围内发生，优步和LYFT不得不将司机视为员工而不是独立承包商，这似乎将大幅增加这些公司的成本。然而，这还远未解决。</blockquote></p><p> In the meantime, what investors probably want to know is whether LYFT and UBER were able to continue cutting their losses in Q1 after shrinking their annual net losses last time out. They’re still going to likely face tough comparisons on revenue because a lot of the 2020 quarter they’re comparing to took place before the pandemic hit last March.</p><p><blockquote>与此同时，投资者可能想知道的是，LYFT和优步在上次缩小年度净亏损后，第一季度是否能够继续削减亏损。他们仍可能面临艰难的收入比较，因为他们所比较的2020年季度的大部分时间都发生在去年3月疫情爆发之前。</blockquote></p><p></p><p> In contrast, other big earnings reports over the coming days include some of the companies many investors embraced big time last year when the pandemic hit. We’re talking&nbsp;<b>Peloton</b>PTON 0.71%,&nbsp;<b>Paypal</b>PYPL 3.11%,&nbsp;<b>Moderna</b>MRNA 4.59%,&nbsp;<b>Square</b>SQ 2.71%, and<b>&nbsp;Roku Inc.</b>ROKU 3.81%.&nbsp; A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.</p><p><blockquote>相比之下，未来几天的其他大型收益报告包括去年疫情爆发时许多投资者大力支持的一些公司。我们在说话<b>佩洛顿</b>PTON 0.71%，<b>Paypal</b>PYPL 3.11%,<b>现代</b>MRNA 4.59%，<b>平方</b>平方2.71%，以及<b>Roku公司。</b>ROKU 3.81%。其中许多公司在2020年都取得了惊人的业绩，但可能会提前数年的需求。现在，随着经济重新开放，他们面临着解释如何实现利润以及如何保持兴奋的压力。</blockquote></p><p> It’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.</p><p><blockquote>这些股票并不一定是你可以认为昙花一现的股票。习惯于在家锻炼并购买PTON机器的人可能不会马上放弃它去健身房，或者根本不会。分析师最近告诉《巴伦周刊》，MRNA的疫苗技术还有超越新冠疫苗成功的可能性。PYPL和SQ的技术在新冠疫情之前就已经很受欢迎了，尽管疫情可能会给它们带来推动。</blockquote></p><p> <b>Fresh Earnings Could Cast Light On Supply Shortages, Costs</b></p><p><blockquote><b>新的收益可能会揭示供应短缺和成本</b></blockquote></p><p> Getting back from the newest models to a veteran,<b>&nbsp;General Motors</b>GM 2.48%reports tomorrow. Like other car companies, GM’s earnings call could offer an interesting perspective on the semiconductor chip shortage.&nbsp;<b>Ford</b>F 1.98%said last week the problem is taking a greater toll on its business than previously expected and could put pressure on its operating results in the second half of the year. For more on how the chip shortage is affecting car makers, see below.</p><p><blockquote>从最新款回到老手，<b>通用汽车</b>通用汽车2.48%明天报告。与其他汽车公司一样，通用汽车的盈利看涨期权可以为半导体芯片短缺提供一个有趣的视角。<b>福特</b>F 1.98%上周表示，该问题对其业务造成的影响超出了此前的预期，并可能给其下半年的经营业绩带来压力。有关芯片短缺如何影响汽车制造商的更多信息，请参见下文。</blockquote></p><p> Some of the supply shortages in chips and beyond might be playing out in the economic data this week. ISM manufacturing for April released on Monday came in below Wall Street’s expectations at 60.7%, down from 64.7% a month earlier. Supply chain disruptions and higher raw material costs might have played into the lower number.</p><p><blockquote>芯片及其他领域的一些供应短缺可能会在本周的经济数据中显现出来。周一公布的4月份ISM制造业增长率为60.7%，低于华尔街预期，低于一个月前的64.7%。供应链中断和原材料成本上升可能是导致数字下降的原因。</blockquote></p><p> The Fed has been saying inflation will be transitory, but we’ll see if they end up being right. A couple of weeks ago&nbsp;<b>Intel</b>INTC 1.77%said the chip shortage could last two years. President Biden’s infrastructure plan envisions more domestic production of these products, but you can’t turn on the assembly lines overnight, and there’s still no guarantee the entire bill as it exists now will become reality.</p><p><blockquote>美联储一直表示通胀将是暂时的，但我们将看看他们最终是否正确。几周前<b>英特尔</b>INTC 1.77%表示，芯片短缺可能会持续两年。拜登总统的基础设施计划设想在国内生产更多这些产品，但你不能在一夜之间打开装配线，而且仍然不能保证现在存在的整个法案会成为现实。</blockquote></p><p> In other data to watch, the ISM non-manufacturing index for April is due Wednesday. Consensus on Wall Street is for a headline figure of 65.0%, up from 63.7% in March, according to research firm Briefing.com.</p><p><blockquote>在其他值得关注的数据中，4月份ISM非制造业指数将于周三公布。根据研究公司Briefing.com的数据，华尔街的共识是总体数字为65.0%，高于3月份的63.7%。</blockquote></p><p> Of course, the biggest report this week is Friday’s non-farm payrolls, where analysts expect a cool million new jobs created in April vs. 916,000 in March. We’ll dig into that a little more tomorrow, with some things worth watching in the report beyond that headline number. Stay tuned.</p><p><blockquote>当然，本周最大的报告是周五的非农就业数据，分析师预计4月份将新增100万个就业岗位，而3月份为91.6万个。明天我们将对此进行更深入的探讨，除了标题数字之外，报告中还有一些值得关注的内容。敬请期待。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/da99b665ba0fa3e07d7fc1e25ce3dd62\" tg-width=\"780\" tg-height=\"412\"></p><p><blockquote></blockquote></p><p> <b>CHART OF THE DAY:THE MORE THINGS CHANGE...</b>A few weeks ago we ran this same chart of the S&amp;P 500 Index (SPX—candlestick) vs. its 50-day moving average (blue line). Not much has changed since then. The index still holds a firm premium to the 50-day, and hasn’t come close to testing it in over a month. The 50-day is now just above 4000, and every time this year the index tested it, the result was a solid rebound. The question is, if the market sells off a bit and tests this important technical area, will it hold again? If not, more technical selling could break out, changing this long-running pattern. Data Source: S&amp;P Dow Jones Indices.Chart source: The&nbsp;thinkorswim® platform.&nbsp;<i>For illustrative purposes only. Past performance does not guarantee future results.</i></p><p><blockquote><b>每日图表：事情变化越多...</b>几周前，我们运行了标普500指数（SPX烛台）与其50天移动平均线（蓝线）的相同图表。从那以后没有太大变化。该指数仍较50日指数保持稳定溢价，并且已经一个多月没有接近测试该指数了。50日线现在略高于4000点，今年该指数每次测试它，结果都是强劲反弹。问题是，如果市场稍微抛售并测试这个重要的技术区域，它会再次站稳吗？否则，更多的技术性抛售可能会爆发，改变这种长期模式。数据来源：标准普尔道琼斯指数。图表来源：thinkorswim®平台。<i>仅用于说明目的。过去的表现并不能保证未来的结果。</i></blockquote></p><p> <b>Horse’s Mouth Time:</b>&nbsp;Something that might be worth paying attention to today is the Wall Street Journal’s CEO summit, which starts this morning and features interviews with&nbsp;<b>JP Morgan Chase</b>JPM 0.04%CEO Jamie Dimon,&nbsp;<b>Merck</b>MRK 0.03%Chairman and CEO Kenneth C. Frazier, and Treasury Secretary Janet Yellen.</p><p><blockquote><b>马嘴时间：</b>今天可能值得关注的是《华尔街日报》的首席执行官峰会，该峰会将于今天上午开始，其中包括对<b>摩根大通</b>摩根大通0.04%首席执行官杰米·戴蒙，<b>默克</b>MRK 0.03%董事长兼首席执行官肯尼思·弗雷泽(Kenneth C.Frazier)和财政部长珍妮特·耶伦(Janet Yellen)。</blockquote></p><p> Dimon’s going to be asked about the economic rebound and the markets, the WSJ said, but it might be interesting to see if they ask him any questions about the banking industry now that Q1 earnings are in the rearview mirror. Some analysts note that activity on Wall Street—especially on the&nbsp;Special Purpose Acquisition Company (SPAC)&nbsp;front—has slowed down slightly in Q2, and wonder if that means the sizzling investment banking revenues enjoyed by the industry in Q1 might not be as easy to scoop up this quarter. SPACs raised $82 billion last year, the WSJ reported.</p><p><blockquote>《华尔街日报》表示，戴蒙将被问及有关经济反弹和市场的问题，但既然第一季度收益已成为过去，看看他们是否会向他提出任何有关银行业的问题可能会很有趣。一些分析师指出，华尔街的活动——尤其是特殊目的收购公司(SPAC)方面——在第二季度略有放缓，并想知道这是否意味着该行业在第一季度享有的炙手可热的投资银行收入可能不会那么容易本季度上涨。据《华尔街日报》报道，SPAC去年筹集了820亿美元。</blockquote></p><p></p><p> <b>Earnings Come Down The Stretch With A&nbsp;Lead:</b>&nbsp;We’ve heard a lot of analysts say what a great earnings season it’s been, but it’s another thing to see the actual number plugged in. How does this sound? 45.8%. That’s the average S&amp;P 500 earnings growth with 60% of companies now reporting, according to research firm Factset. If it remains there or higher for the rest of the way, it will be the best earnings growth for a quarter since the economy was emerging from the financial crisis in early 2010. It also leaves analysts’ average estimate of 24% earnings growth going into the reporting period completely in the dust. In fact, 86% of companies are beating analyst estimates on earnings, and 78% on revenue, Factset says.</p><p><blockquote><b>盈利处于领先地位：</b>我们听到很多分析师说这是一个多么棒的财报季，但看到实际数字是另一回事。这听起来怎么样？45.8%.根据研究公司Factset的数据，这是标普500目前60%的公司报告的平均盈利增长。如果该指数在剩余时间内保持在该水平或更高，这将是自2010年初经济摆脱金融危机以来最好的季度盈利增长。这也让分析师对报告期内盈利增长24%的平均预期完全落空。Factset表示，事实上，86%的公司盈利超出了分析师预期，78%的公司收入超出了分析师预期。</blockquote></p><p> This all sounds good, but you’ll hear some naysayers tell you most of the strength in earnings was built into stock prices going in. Actually, that’s a bit of an exaggeration, and you can see that if you follow the 12-month forward price-to-earnings ratio for the S&amp;P 500. It’s now at 22, by Factset’s reckoning, and that’s down from nearly 24 at the start of 2021. Over the same year-to-date time frame, the S&amp;P Equal Weight 500 jumped 16.2%, research firm CFRA noted Monday (equal weight means each of the 500 companies in the index is given a fixed weight instead of the index being weighted by market cap). In other words, stocks have risen while valuations fell, which is a neat trick.</p><p><blockquote>这一切听起来都不错，但你会听到一些反对者告诉你，盈利的大部分优势都是由股价的上涨决定的。实际上，这有点夸张，如果你遵循标普500的12个月远期市盈率，你就可以看到这一点。根据Factset的计算，目前为22，低于2021年初的近24。研究公司CFRA周一指出，在今年迄今为止的同一时间范围内，标准普尔等权重500指数上涨了16.2%（等权重意味着指数中的500家公司中的每家都被赋予固定权重，而不是指数按市值加权）。换句话说，股票上涨，而估值下跌，这是一个巧妙的伎俩。</blockquote></p><p> <b>No Chips, No Ride:</b>&nbsp;Have you driven by a car dealership lately? If so, you may have noticed that everything seems more or less in place, except for the cars, that is—they’re missing. As we reported earlier this year, the semiconductor sector is undergoing a massive worldwide shortage. For car buyers, this may mean longer waits and higher prices. And by the way, new cars aren’t the only ones impacted by the shortage. The average price of used cars jumped 12.5% over the last year, according to the National Automobile Dealers Association.</p><p><blockquote><b>没有筹码，就没有游乐设施：</b>你最近开车经过汽车经销商吗？如果是这样，您可能已经注意到，除了汽车之外，一切似乎都或多或少就位了，也就是说，它们不见了。正如我们今年早些时候报道的那样，半导体行业正在经历全球范围内的大规模短缺。对于购车者来说，这可能意味着更长的等待时间和更高的价格。顺便说一句，新车并不是唯一受到短缺影响的汽车。根据全国汽车经销商协会的数据，二手车平均价格比去年上涨了12.5%。</blockquote></p><p> For automakers, however, this means wider sales, some even seeing record profits as vehicles are sold before they make it to the sales lot. Investors might want to keep an eye on companies like&nbsp;<b>General Motors</b>GM 2.48%,&nbsp;<b>Ford</b>F 1.98%, and other manufacturers to see how the chip shortage may be impacting their bottom lines. Might the shortage in rides be a ticket to ride the chip shortage to the upside?</p><p><blockquote>然而，对于汽车制造商来说，这意味着更广泛的销售，有些人甚至看到了创纪录的利润，因为车辆在进入销售现场之前就被售出。投资者可能需要关注以下公司<b>通用汽车</b>通用汽车2.48%，<b>福特</b>F 1.98%，以及其他制造商，了解芯片短缺可能如何影响他们的利润。游乐设施的短缺可能是利用芯片短缺的门票吗？</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>Sharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</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\">\nSharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-05-04 22:54</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>After racing into earnings season, stocks have basically treaded water the last two weeks. The&nbsp;<b>S&amp;P 500 Index</b>&nbsp;(SPX) finished Monday less than 1% changed from mid-April when reporting season began.</p><p><blockquote>在进入财报季后，过去两周股市基本上停滞不前。The<b>标普500指数</b>(SPX)周一收盘较4月中旬财报季开始时变化不到1%。</blockquote></p><p> That’s despite an amazing Q1 earnings performance by S&amp;P 500 companies so far, with average earnings per share up more than 40%. With more than half of the reporting season done, 86% of companies have beaten earnings expectations, according to FactSet.</p><p><blockquote>尽管迄今为止标普500公司第一季度的盈利表现令人惊叹，平均每股收益增长了40%以上。FactSet的数据显示，财报季已过半，86%的公司盈利超出预期。</blockquote></p><p> When you accompany that with the lack of gains in major indices, you have to ask yourself how much of the good news was priced in. We were already at all-time highs ahead of the reporting period, so can the reality match the expectations?</p><p><blockquote>当你伴随着主要指数缺乏涨幅时，你必须问自己有多少好消息被定价了。我们在报告期之前就已经处于历史高点，那么现实能否与预期相匹配呢？</blockquote></p><p> Anyway, this stall in forward progress isn’t something to be overly concerned about. We’re heading into summer, which tends to be a time of lighter volumes, but lighter volumes can mean good things as well.</p><p><blockquote>无论如何，这种前进的停滞并不是什么值得过度担心的事情。我们即将进入夏季，这往往是一个成交量较少的时期，但成交量较少也可能意味着好事。</blockquote></p><p> For the next act, investors might have their eyes peeled on ride-sharing companies&nbsp;<b>Lyft Technologies Inc.</b>LYFT 4.39%and&nbsp;<b>Uber</b>UBER 3.03%today and tomorrow to see if they can provide insight into reopening progress.</p><p><blockquote>对于下一步行动，投资者可能会密切关注拼车公司<b>Lyft技术公司。</b>LYFT 4.39%和<b>优步</b>UBER今天和明天将上涨3.03%，看看他们是否可以提供有关重新开放进展的见解。</blockquote></p><p> <b>Solid Reporting Season Continues With CVS, Pfizer</b></p><p><blockquote><b>CVS和辉瑞继续稳健的报告季</b></blockquote></p><p> Before that, investors got another set of solid earnings news this morning as&nbsp;<b>CVS</b>CVS 3%and&nbsp;<b>Pfizer</b>PFE 0.45%outran consensus expectations and raised guidance. PFE raised revenue guidance by 18% for the year, which is pretty impressive. Some of that is related to their Covid vaccine, but not all of it.</p><p><blockquote>在此之前，投资者今天上午又收到了一组可靠的盈利消息，<b>CVS</b>CVS 3%和<b>辉瑞</b>PFE 0.45%超出普遍预期并上调指引。PFE将今年的收入指引上调了18%，这相当令人印象深刻。其中一些与他们的Covid疫苗有关，但不是全部。</blockquote></p><p> Technology—particularly the so-called “FAANG” sector of that group—appeared to be taking the worst of it early Tuesday. The Tech sector is by far the worst SPX performer over the last week even though earnings from most of the “mega-caps” in that sector looked solid. At the same time, cyclical sectors—think Financials and Energy—have led gains recently. It’s more along the lines of what we were seeing earlier this year before Tech made a move going into earnings season.</p><p><blockquote>周二早些时候，科技——尤其是该集团中所谓的“FAANG”部门——似乎受到了最严重的影响。科技板块是上周SPX表现最差的板块，尽管该板块大多数“大型股”的盈利看起来稳健。与此同时，周期性板块——比如金融和能源——最近领涨。这更符合我们今年早些时候在科技进入财报季之前所看到的情况。</blockquote></p><p> Call it what you want: “Consolidation” is a word some people are using to describe this lack of direction in the markets amid a slowing news flow. The directionless trading appears to be extending into Tuesday, with major indices losing ground ahead of the opening bell and the closely-watched 10-year Treasury yield back at 1.6%, right in the middle of its recent range.</p><p><blockquote>看涨期权它是你想要的：一些人用“整合”这个词来描述在新闻流放缓的情况下市场缺乏方向。无方向交易似乎将延续到周二，主要股指在开盘前下跌，备受关注的10年期国债收益率回到1.6%，处于近期区间的中间位置。</blockquote></p><p> Still, commodity prices—and not just&nbsp;the semiconductors we’ve talked about recently—are on the rise, with the&nbsp;<b>Bloomberg Commodity Index</b>&nbsp;($BCOM) among those commodity benchmarks sitting on multi-year highs. Even if long-dated Treasury yields remain muted and the Fed sticks to its narrative of “transitory inflation” (see more below), commodities seem to be factoring in higher prices.</p><p><blockquote>尽管如此，大宗商品价格——不仅仅是我们最近谈到的半导体——仍在上涨，随着<b>彭博商品指数</b>($BCOM)是处于多年高点的大宗商品基准之一。即使长期国债收益率保持低迷，美联储坚持其“暂时性通胀”的说法（见下文），大宗商品似乎也在考虑价格上涨。</blockquote></p><p> Volatility is up slightly, too, not surprising considering the pressure on stocks. Keep an eye on the 20 level for the&nbsp;<b>Cboe&nbsp;Volatility&nbsp;Index</b>&nbsp;(VIX). We’re only slightly below that benchmark figure, and looking at forward contracts, the message looks like we’ll continue to bounce around for a while.</p><p><blockquote>考虑到股市面临的压力，波动性也略有上升，这并不奇怪。密切关注20级<b>芝加哥期权交易所波动率指数</b>（波动率指数）。我们仅略低于该基准数字，从远期合约来看，我们似乎将继续反弹一段时间。</blockquote></p><p> <b>Earnings Season About To Catch A&nbsp;Ride</b></p><p><blockquote><b>财报季即将到来</b></blockquote></p><p> It’s kind of fitting that “reopening” stocks led the way Monday in a week that features&nbsp;earnings from<b>Uber Technologies Inc.</b>UBER 3.03%and<b>Lyft</b>LYFT 4.39%,&nbsp;two companies that would likely stand to benefit if people are getting out more. LYFT is expected to report today after the close and UBER is up to bat tomorrow after the close.</p><p><blockquote>周一，“重新开放”股票在一周的收益中领先，这是很合适的<b>优步技术公司。</b>优步3.03%和<b>Lyft</b>LYFT 4.39%，如果人们更多地外出，这两家公司可能会受益。LYFT预计将于今天收盘后发布报告，UBER将于明天收盘后发布报告。</blockquote></p><p> Both companies are apparently having some trouble finding drivers to meet all the new demand, kind of a good problem to have. However, it could be costly, with both having to spend more on driver incentives. There’s also a regulatory headwind after the U.S. Labor secretary told Reuters that many gig economy workers should be treated as employees.</p><p><blockquote>两家公司显然都很难找到满足所有新需求的司机，这是一个很好的问题。然而，这可能代价高昂，双方都必须在司机激励上花费更多。美国劳工部长告诉路透社，许多零工经济工人应该被视为雇员，这也带来了监管阻力。</blockquote></p><p> If that ends up happening nationwide and UBER and LYFT have to treat drivers as employees instead of independent contractors, it seems that would substantially increase costs for these companies. However, that’s far from settled yet.</p><p><blockquote>如果这种情况最终在全国范围内发生，优步和LYFT不得不将司机视为员工而不是独立承包商，这似乎将大幅增加这些公司的成本。然而，这还远未解决。</blockquote></p><p> In the meantime, what investors probably want to know is whether LYFT and UBER were able to continue cutting their losses in Q1 after shrinking their annual net losses last time out. They’re still going to likely face tough comparisons on revenue because a lot of the 2020 quarter they’re comparing to took place before the pandemic hit last March.</p><p><blockquote>与此同时，投资者可能想知道的是，LYFT和优步在上次缩小年度净亏损后，第一季度是否能够继续削减亏损。他们仍可能面临艰难的收入比较，因为他们所比较的2020年季度的大部分时间都发生在去年3月疫情爆发之前。</blockquote></p><p></p><p> In contrast, other big earnings reports over the coming days include some of the companies many investors embraced big time last year when the pandemic hit. We’re talking&nbsp;<b>Peloton</b>PTON 0.71%,&nbsp;<b>Paypal</b>PYPL 3.11%,&nbsp;<b>Moderna</b>MRNA 4.59%,&nbsp;<b>Square</b>SQ 2.71%, and<b>&nbsp;Roku Inc.</b>ROKU 3.81%.&nbsp; A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.</p><p><blockquote>相比之下，未来几天的其他大型收益报告包括去年疫情爆发时许多投资者大力支持的一些公司。我们在说话<b>佩洛顿</b>PTON 0.71%，<b>Paypal</b>PYPL 3.11%,<b>现代</b>MRNA 4.59%，<b>平方</b>平方2.71%，以及<b>Roku公司。</b>ROKU 3.81%。其中许多公司在2020年都取得了惊人的业绩，但可能会提前数年的需求。现在，随着经济重新开放，他们面临着解释如何实现利润以及如何保持兴奋的压力。</blockquote></p><p> It’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.</p><p><blockquote>这些股票并不一定是你可以认为昙花一现的股票。习惯于在家锻炼并购买PTON机器的人可能不会马上放弃它去健身房，或者根本不会。分析师最近告诉《巴伦周刊》，MRNA的疫苗技术还有超越新冠疫苗成功的可能性。PYPL和SQ的技术在新冠疫情之前就已经很受欢迎了，尽管疫情可能会给它们带来推动。</blockquote></p><p> <b>Fresh Earnings Could Cast Light On Supply Shortages, Costs</b></p><p><blockquote><b>新的收益可能会揭示供应短缺和成本</b></blockquote></p><p> Getting back from the newest models to a veteran,<b>&nbsp;General Motors</b>GM 2.48%reports tomorrow. Like other car companies, GM’s earnings call could offer an interesting perspective on the semiconductor chip shortage.&nbsp;<b>Ford</b>F 1.98%said last week the problem is taking a greater toll on its business than previously expected and could put pressure on its operating results in the second half of the year. For more on how the chip shortage is affecting car makers, see below.</p><p><blockquote>从最新款回到老手，<b>通用汽车</b>通用汽车2.48%明天报告。与其他汽车公司一样，通用汽车的盈利看涨期权可以为半导体芯片短缺提供一个有趣的视角。<b>福特</b>F 1.98%上周表示，该问题对其业务造成的影响超出了此前的预期，并可能给其下半年的经营业绩带来压力。有关芯片短缺如何影响汽车制造商的更多信息，请参见下文。</blockquote></p><p> Some of the supply shortages in chips and beyond might be playing out in the economic data this week. ISM manufacturing for April released on Monday came in below Wall Street’s expectations at 60.7%, down from 64.7% a month earlier. Supply chain disruptions and higher raw material costs might have played into the lower number.</p><p><blockquote>芯片及其他领域的一些供应短缺可能会在本周的经济数据中显现出来。周一公布的4月份ISM制造业增长率为60.7%，低于华尔街预期，低于一个月前的64.7%。供应链中断和原材料成本上升可能是导致数字下降的原因。</blockquote></p><p> The Fed has been saying inflation will be transitory, but we’ll see if they end up being right. A couple of weeks ago&nbsp;<b>Intel</b>INTC 1.77%said the chip shortage could last two years. President Biden’s infrastructure plan envisions more domestic production of these products, but you can’t turn on the assembly lines overnight, and there’s still no guarantee the entire bill as it exists now will become reality.</p><p><blockquote>美联储一直表示通胀将是暂时的，但我们将看看他们最终是否正确。几周前<b>英特尔</b>INTC 1.77%表示，芯片短缺可能会持续两年。拜登总统的基础设施计划设想在国内生产更多这些产品，但你不能在一夜之间打开装配线，而且仍然不能保证现在存在的整个法案会成为现实。</blockquote></p><p> In other data to watch, the ISM non-manufacturing index for April is due Wednesday. Consensus on Wall Street is for a headline figure of 65.0%, up from 63.7% in March, according to research firm Briefing.com.</p><p><blockquote>在其他值得关注的数据中，4月份ISM非制造业指数将于周三公布。根据研究公司Briefing.com的数据，华尔街的共识是总体数字为65.0%，高于3月份的63.7%。</blockquote></p><p> Of course, the biggest report this week is Friday’s non-farm payrolls, where analysts expect a cool million new jobs created in April vs. 916,000 in March. We’ll dig into that a little more tomorrow, with some things worth watching in the report beyond that headline number. Stay tuned.</p><p><blockquote>当然，本周最大的报告是周五的非农就业数据，分析师预计4月份将新增100万个就业岗位，而3月份为91.6万个。明天我们将对此进行更深入的探讨，除了标题数字之外，报告中还有一些值得关注的内容。敬请期待。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/da99b665ba0fa3e07d7fc1e25ce3dd62\" tg-width=\"780\" tg-height=\"412\"></p><p><blockquote></blockquote></p><p> <b>CHART OF THE DAY:THE MORE THINGS CHANGE...</b>A few weeks ago we ran this same chart of the S&amp;P 500 Index (SPX—candlestick) vs. its 50-day moving average (blue line). Not much has changed since then. The index still holds a firm premium to the 50-day, and hasn’t come close to testing it in over a month. The 50-day is now just above 4000, and every time this year the index tested it, the result was a solid rebound. The question is, if the market sells off a bit and tests this important technical area, will it hold again? If not, more technical selling could break out, changing this long-running pattern. Data Source: S&amp;P Dow Jones Indices.Chart source: The&nbsp;thinkorswim® platform.&nbsp;<i>For illustrative purposes only. Past performance does not guarantee future results.</i></p><p><blockquote><b>每日图表：事情变化越多...</b>几周前，我们运行了标普500指数（SPX烛台）与其50天移动平均线（蓝线）的相同图表。从那以后没有太大变化。该指数仍较50日指数保持稳定溢价，并且已经一个多月没有接近测试该指数了。50日线现在略高于4000点，今年该指数每次测试它，结果都是强劲反弹。问题是，如果市场稍微抛售并测试这个重要的技术区域，它会再次站稳吗？否则，更多的技术性抛售可能会爆发，改变这种长期模式。数据来源：标准普尔道琼斯指数。图表来源：thinkorswim®平台。<i>仅用于说明目的。过去的表现并不能保证未来的结果。</i></blockquote></p><p> <b>Horse’s Mouth Time:</b>&nbsp;Something that might be worth paying attention to today is the Wall Street Journal’s CEO summit, which starts this morning and features interviews with&nbsp;<b>JP Morgan Chase</b>JPM 0.04%CEO Jamie Dimon,&nbsp;<b>Merck</b>MRK 0.03%Chairman and CEO Kenneth C. Frazier, and Treasury Secretary Janet Yellen.</p><p><blockquote><b>马嘴时间：</b>今天可能值得关注的是《华尔街日报》的首席执行官峰会，该峰会将于今天上午开始，其中包括对<b>摩根大通</b>摩根大通0.04%首席执行官杰米·戴蒙，<b>默克</b>MRK 0.03%董事长兼首席执行官肯尼思·弗雷泽(Kenneth C.Frazier)和财政部长珍妮特·耶伦(Janet Yellen)。</blockquote></p><p> Dimon’s going to be asked about the economic rebound and the markets, the WSJ said, but it might be interesting to see if they ask him any questions about the banking industry now that Q1 earnings are in the rearview mirror. Some analysts note that activity on Wall Street—especially on the&nbsp;Special Purpose Acquisition Company (SPAC)&nbsp;front—has slowed down slightly in Q2, and wonder if that means the sizzling investment banking revenues enjoyed by the industry in Q1 might not be as easy to scoop up this quarter. SPACs raised $82 billion last year, the WSJ reported.</p><p><blockquote>《华尔街日报》表示，戴蒙将被问及有关经济反弹和市场的问题，但既然第一季度收益已成为过去，看看他们是否会向他提出任何有关银行业的问题可能会很有趣。一些分析师指出，华尔街的活动——尤其是特殊目的收购公司(SPAC)方面——在第二季度略有放缓，并想知道这是否意味着该行业在第一季度享有的炙手可热的投资银行收入可能不会那么容易本季度上涨。据《华尔街日报》报道，SPAC去年筹集了820亿美元。</blockquote></p><p></p><p> <b>Earnings Come Down The Stretch With A&nbsp;Lead:</b>&nbsp;We’ve heard a lot of analysts say what a great earnings season it’s been, but it’s another thing to see the actual number plugged in. How does this sound? 45.8%. That’s the average S&amp;P 500 earnings growth with 60% of companies now reporting, according to research firm Factset. If it remains there or higher for the rest of the way, it will be the best earnings growth for a quarter since the economy was emerging from the financial crisis in early 2010. It also leaves analysts’ average estimate of 24% earnings growth going into the reporting period completely in the dust. In fact, 86% of companies are beating analyst estimates on earnings, and 78% on revenue, Factset says.</p><p><blockquote><b>盈利处于领先地位：</b>我们听到很多分析师说这是一个多么棒的财报季，但看到实际数字是另一回事。这听起来怎么样？45.8%.根据研究公司Factset的数据，这是标普500目前60%的公司报告的平均盈利增长。如果该指数在剩余时间内保持在该水平或更高，这将是自2010年初经济摆脱金融危机以来最好的季度盈利增长。这也让分析师对报告期内盈利增长24%的平均预期完全落空。Factset表示，事实上，86%的公司盈利超出了分析师预期，78%的公司收入超出了分析师预期。</blockquote></p><p> This all sounds good, but you’ll hear some naysayers tell you most of the strength in earnings was built into stock prices going in. Actually, that’s a bit of an exaggeration, and you can see that if you follow the 12-month forward price-to-earnings ratio for the S&amp;P 500. It’s now at 22, by Factset’s reckoning, and that’s down from nearly 24 at the start of 2021. Over the same year-to-date time frame, the S&amp;P Equal Weight 500 jumped 16.2%, research firm CFRA noted Monday (equal weight means each of the 500 companies in the index is given a fixed weight instead of the index being weighted by market cap). In other words, stocks have risen while valuations fell, which is a neat trick.</p><p><blockquote>这一切听起来都不错，但你会听到一些反对者告诉你，盈利的大部分优势都是由股价的上涨决定的。实际上，这有点夸张，如果你遵循标普500的12个月远期市盈率，你就可以看到这一点。根据Factset的计算，目前为22，低于2021年初的近24。研究公司CFRA周一指出，在今年迄今为止的同一时间范围内，标准普尔等权重500指数上涨了16.2%（等权重意味着指数中的500家公司中的每家都被赋予固定权重，而不是指数按市值加权）。换句话说，股票上涨，而估值下跌，这是一个巧妙的伎俩。</blockquote></p><p> <b>No Chips, No Ride:</b>&nbsp;Have you driven by a car dealership lately? If so, you may have noticed that everything seems more or less in place, except for the cars, that is—they’re missing. As we reported earlier this year, the semiconductor sector is undergoing a massive worldwide shortage. For car buyers, this may mean longer waits and higher prices. And by the way, new cars aren’t the only ones impacted by the shortage. The average price of used cars jumped 12.5% over the last year, according to the National Automobile Dealers Association.</p><p><blockquote><b>没有筹码，就没有游乐设施：</b>你最近开车经过汽车经销商吗？如果是这样，您可能已经注意到，除了汽车之外，一切似乎都或多或少就位了，也就是说，它们不见了。正如我们今年早些时候报道的那样，半导体行业正在经历全球范围内的大规模短缺。对于购车者来说，这可能意味着更长的等待时间和更高的价格。顺便说一句，新车并不是唯一受到短缺影响的汽车。根据全国汽车经销商协会的数据，二手车平均价格比去年上涨了12.5%。</blockquote></p><p> For automakers, however, this means wider sales, some even seeing record profits as vehicles are sold before they make it to the sales lot. Investors might want to keep an eye on companies like&nbsp;<b>General Motors</b>GM 2.48%,&nbsp;<b>Ford</b>F 1.98%, and other manufacturers to see how the chip shortage may be impacting their bottom lines. Might the shortage in rides be a ticket to ride the chip shortage to the upside?</p><p><blockquote>然而，对于汽车制造商来说，这意味着更广泛的销售，有些人甚至看到了创纪录的利润，因为车辆在进入销售现场之前就被售出。投资者可能需要关注以下公司<b>通用汽车</b>通用汽车2.48%，<b>福特</b>F 1.98%，以及其他制造商，了解芯片短缺可能如何影响他们的利润。游乐设施的短缺可能是利用芯片短缺的门票吗？</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179044309","content_text":"After racing into earnings season, stocks have basically treaded water the last two weeks. The S&P 500 Index (SPX) finished Monday less than 1% changed from mid-April when reporting season began.\nThat’s despite an amazing Q1 earnings performance by S&P 500 companies so far, with average earnings per share up more than 40%. With more than half of the reporting season done, 86% of companies have beaten earnings expectations, according to FactSet.\nWhen you accompany that with the lack of gains in major indices, you have to ask yourself how much of the good news was priced in. We were already at all-time highs ahead of the reporting period, so can the reality match the expectations?\nAnyway, this stall in forward progress isn’t something to be overly concerned about. We’re heading into summer, which tends to be a time of lighter volumes, but lighter volumes can mean good things as well.\nFor the next act, investors might have their eyes peeled on ride-sharing companies Lyft Technologies Inc.LYFT 4.39%and UberUBER 3.03%today and tomorrow to see if they can provide insight into reopening progress.\nSolid Reporting Season Continues With CVS, Pfizer\nBefore that, investors got another set of solid earnings news this morning as CVSCVS 3%and PfizerPFE 0.45%outran consensus expectations and raised guidance. PFE raised revenue guidance by 18% for the year, which is pretty impressive. Some of that is related to their Covid vaccine, but not all of it.\nTechnology—particularly the so-called “FAANG” sector of that group—appeared to be taking the worst of it early Tuesday. The Tech sector is by far the worst SPX performer over the last week even though earnings from most of the “mega-caps” in that sector looked solid. At the same time, cyclical sectors—think Financials and Energy—have led gains recently. It’s more along the lines of what we were seeing earlier this year before Tech made a move going into earnings season.\nCall it what you want: “Consolidation” is a word some people are using to describe this lack of direction in the markets amid a slowing news flow. The directionless trading appears to be extending into Tuesday, with major indices losing ground ahead of the opening bell and the closely-watched 10-year Treasury yield back at 1.6%, right in the middle of its recent range.\nStill, commodity prices—and not just the semiconductors we’ve talked about recently—are on the rise, with the Bloomberg Commodity Index ($BCOM) among those commodity benchmarks sitting on multi-year highs. Even if long-dated Treasury yields remain muted and the Fed sticks to its narrative of “transitory inflation” (see more below), commodities seem to be factoring in higher prices.\nVolatility is up slightly, too, not surprising considering the pressure on stocks. Keep an eye on the 20 level for the Cboe Volatility Index (VIX). We’re only slightly below that benchmark figure, and looking at forward contracts, the message looks like we’ll continue to bounce around for a while.\nEarnings Season About To Catch A Ride\nIt’s kind of fitting that “reopening” stocks led the way Monday in a week that features earnings fromUber Technologies Inc.UBER 3.03%andLyftLYFT 4.39%, two companies that would likely stand to benefit if people are getting out more. LYFT is expected to report today after the close and UBER is up to bat tomorrow after the close.\nBoth companies are apparently having some trouble finding drivers to meet all the new demand, kind of a good problem to have. However, it could be costly, with both having to spend more on driver incentives. There’s also a regulatory headwind after the U.S. Labor secretary told Reuters that many gig economy workers should be treated as employees.\nIf that ends up happening nationwide and UBER and LYFT have to treat drivers as employees instead of independent contractors, it seems that would substantially increase costs for these companies. However, that’s far from settled yet.\nIn the meantime, what investors probably want to know is whether LYFT and UBER were able to continue cutting their losses in Q1 after shrinking their annual net losses last time out. They’re still going to likely face tough comparisons on revenue because a lot of the 2020 quarter they’re comparing to took place before the pandemic hit last March.\nIn contrast, other big earnings reports over the coming days include some of the companies many investors embraced big time last year when the pandemic hit. We’re talking PelotonPTON 0.71%, PaypalPYPL 3.11%, ModernaMRNA 4.59%, SquareSQ 2.71%, and Roku Inc.ROKU 3.81%.  A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.\nIt’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.\nFresh Earnings Could Cast Light On Supply Shortages, Costs\nGetting back from the newest models to a veteran, General MotorsGM 2.48%reports tomorrow. Like other car companies, GM’s earnings call could offer an interesting perspective on the semiconductor chip shortage. FordF 1.98%said last week the problem is taking a greater toll on its business than previously expected and could put pressure on its operating results in the second half of the year. For more on how the chip shortage is affecting car makers, see below.\nSome of the supply shortages in chips and beyond might be playing out in the economic data this week. ISM manufacturing for April released on Monday came in below Wall Street’s expectations at 60.7%, down from 64.7% a month earlier. Supply chain disruptions and higher raw material costs might have played into the lower number.\nThe Fed has been saying inflation will be transitory, but we’ll see if they end up being right. A couple of weeks ago IntelINTC 1.77%said the chip shortage could last two years. President Biden’s infrastructure plan envisions more domestic production of these products, but you can’t turn on the assembly lines overnight, and there’s still no guarantee the entire bill as it exists now will become reality.\nIn other data to watch, the ISM non-manufacturing index for April is due Wednesday. Consensus on Wall Street is for a headline figure of 65.0%, up from 63.7% in March, according to research firm Briefing.com.\nOf course, the biggest report this week is Friday’s non-farm payrolls, where analysts expect a cool million new jobs created in April vs. 916,000 in March. We’ll dig into that a little more tomorrow, with some things worth watching in the report beyond that headline number. Stay tuned.\n\nCHART OF THE DAY:THE MORE THINGS CHANGE...A few weeks ago we ran this same chart of the S&P 500 Index (SPX—candlestick) vs. its 50-day moving average (blue line). Not much has changed since then. The index still holds a firm premium to the 50-day, and hasn’t come close to testing it in over a month. The 50-day is now just above 4000, and every time this year the index tested it, the result was a solid rebound. The question is, if the market sells off a bit and tests this important technical area, will it hold again? If not, more technical selling could break out, changing this long-running pattern. Data Source: S&P Dow Jones Indices.Chart source: The thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results.\nHorse’s Mouth Time: Something that might be worth paying attention to today is the Wall Street Journal’s CEO summit, which starts this morning and features interviews with JP Morgan ChaseJPM 0.04%CEO Jamie Dimon, MerckMRK 0.03%Chairman and CEO Kenneth C. Frazier, and Treasury Secretary Janet Yellen.\nDimon’s going to be asked about the economic rebound and the markets, the WSJ said, but it might be interesting to see if they ask him any questions about the banking industry now that Q1 earnings are in the rearview mirror. Some analysts note that activity on Wall Street—especially on the Special Purpose Acquisition Company (SPAC) front—has slowed down slightly in Q2, and wonder if that means the sizzling investment banking revenues enjoyed by the industry in Q1 might not be as easy to scoop up this quarter. SPACs raised $82 billion last year, the WSJ reported.\nEarnings Come Down The Stretch With A Lead: We’ve heard a lot of analysts say what a great earnings season it’s been, but it’s another thing to see the actual number plugged in. How does this sound? 45.8%. That’s the average S&P 500 earnings growth with 60% of companies now reporting, according to research firm Factset. If it remains there or higher for the rest of the way, it will be the best earnings growth for a quarter since the economy was emerging from the financial crisis in early 2010. It also leaves analysts’ average estimate of 24% earnings growth going into the reporting period completely in the dust. In fact, 86% of companies are beating analyst estimates on earnings, and 78% on revenue, Factset says.\nThis all sounds good, but you’ll hear some naysayers tell you most of the strength in earnings was built into stock prices going in. Actually, that’s a bit of an exaggeration, and you can see that if you follow the 12-month forward price-to-earnings ratio for the S&P 500. It’s now at 22, by Factset’s reckoning, and that’s down from nearly 24 at the start of 2021. Over the same year-to-date time frame, the S&P Equal Weight 500 jumped 16.2%, research firm CFRA noted Monday (equal weight means each of the 500 companies in the index is given a fixed weight instead of the index being weighted by market cap). In other words, stocks have risen while valuations fell, which is a neat trick.\nNo Chips, No Ride: Have you driven by a car dealership lately? If so, you may have noticed that everything seems more or less in place, except for the cars, that is—they’re missing. As we reported earlier this year, the semiconductor sector is undergoing a massive worldwide shortage. For car buyers, this may mean longer waits and higher prices. And by the way, new cars aren’t the only ones impacted by the shortage. The average price of used cars jumped 12.5% over the last year, according to the National Automobile Dealers Association.\nFor automakers, however, this means wider sales, some even seeing record profits as vehicles are sold before they make it to the sales lot. Investors might want to keep an eye on companies like General MotorsGM 2.48%, FordF 1.98%, and other manufacturers to see how the chip shortage may be impacting their bottom lines. Might the shortage in rides be a ticket to ride the chip shortage to the upside?","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374828429,"gmtCreate":1619439608861,"gmtModify":1634273491053,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/374828429","repostId":"1115628548","repostType":4,"repost":{"id":"1115628548","kind":"news","pubTimestamp":1619435503,"share":"https://www.laohu8.com/m/news/1115628548?lang=zh_CN&edition=full","pubTime":"2021-04-26 19:11","market":"us","language":"en","title":"Warren Buffett Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115628548","media":"Motley Fool","summary":"Warren Buffett is an investing icon on Wall Street. Since taking the helm ofBerkshire Hathaway(NYSE:","content":"<p>Warren Buffett is an investing icon on Wall Street. Since taking the helm of<b>Berkshire Hathaway</b>(NYSE:BRK.A)(NYSE:BRK.B)in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for the<b>S&amp;P 500</b>of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&amp;P 500 by almost 2,800,000% in 56 years.</p><p><blockquote>沃伦·巴菲特是华尔街的投资偶像。自掌舵以来<b>伯克希尔哈撒韦</b>(NYSE：BRK.A)(NYSE：BRK.B)20世纪60年代中期，他带领公司股票的年化回报率达到了20%。这几乎使包括股息在内的总年回报率翻了一番<b>标普500</b>自1965年以来增长了10.2%。总体而言，巴菲特的公司在56年里的表现比广受关注的标普500高出近2,800,000%。</blockquote></p><p> What's interesting aboutBuffett's investing strategyis that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximatelya fifth of the Oracle of Omaha's portfoliohas been held for 15 or more years.</p><p><blockquote>巴菲特投资策略的有趣之处在于他让事情变得简单。他将研究重点放在少数几个行业，收购他认为具有可持续竞争优势的公司，最重要的是，长期持有这些业务，并让复利发挥其魔力。奥马哈先知大约五分之一的投资组合已持有15年或更长时间。</blockquote></p><p> However, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.</p><p><blockquote>然而，巴菲特控股的三家公司在任期内确实脱颖而出。在审查了美国人口普查局对2020年12月的人口估计后，上次伯克希尔哈撒韦公司没有持有这三只股票时，有1.123亿美国人甚至已经不在人世。</blockquote></p><p> Coca-Cola</p><p><blockquote>可口可乐</blockquote></p><p> If you want to talk about the power of compounding and conviction, look no further than Warren Buffett's holding in beverage giant<b>Coca-Cola</b>(NYSE:KO). Berkshire Hathaway has been afaithful holder of Coca-Cola stock since 1988.</p><p><blockquote>如果你想谈论复利和信念的力量，看看沃伦·巴菲特对饮料巨头的持股就知道了<b>可口可乐</b>（纽约证券交易所代码：KO）。自1988年以来，伯克希尔哈撒韦公司一直是可口可乐股票的忠实持有者。</blockquote></p><p> Aside from an insanely low cost basis, one of the reasons Buffett sticks with Coca-Cola is the company'sgeographic reach. With the exception of North Korea and Cuba, Coke's products can be found in every other country around the world. This means the company benefits from the steady cash flow and its 20% share of cold beverages in developed markets, as well as its 10% share and the juicier growth prospects of emerging market countries. All told, Coke has more than 20 beverage brands generating at least $1 billion in annual sales.</p><p><blockquote>除了极低的成本基础之外，巴菲特坚持可口可乐的原因之一是该公司的地理覆盖范围。除了朝鲜和古巴，可口可乐的产品在世界其他所有国家都可以找到。这意味着该公司受益于稳定的现金流和在发达市场冷饮20%的份额，以及新兴市场国家10%的份额和更多的增长前景。总而言之，可口可乐拥有20多个饮料品牌，年销售额至少为10亿美元。</blockquote></p><p> Coca-Cola's success can be attributed to its excellent marketing campaigns, too. The company has clear holiday tie-ins, can reach consumers via point-of-sale advertising, is pushing into digital ads, and has an army of well-known ambassadors. Coke is possibly the most well-recognize consumer goods brand in existence today.</p><p><blockquote>可口可乐的成功也可以归功于其出色的营销活动。该公司有明确的节日搭配，可以通过销售点广告接触消费者，正在进军数字广告，并拥有一支知名大使大军。可口可乐可能是当今最知名的消费品品牌。</blockquote></p><p> For Berkshire Hathaway, it's also a big-time moneymaker. With a cost basis of about $3.25 a share and an annual dividend payout of $1.68, Warren Buffett's yield on cost for Coca-Cola is 52%! No joke: Buffettdoubles his initial investment every two yearsfrom the dividend alone.</p><p><blockquote>对于伯克希尔哈撒韦公司来说，这也是一个巨大的赚钱机器。基于每股约3.25美元的成本基础和1.68美元的年度股息支付，沃伦·巴菲特对可口可乐的成本收益率为52%！不是开玩笑：巴菲特每两年仅股息就会使他的初始投资翻倍。</blockquote></p><p> Wells Fargo</p><p><blockquote>富国银行</blockquote></p><p> Another holding that's been in Berkshire Hathaway's portfolio longer than 112 million Americans have been alive is money-center bank<b>Wells Fargo</b>(NYSE:WFC). Even though the Oracle of Omaha and his teamhave dramatically reduced their company's stake in Wells Fargo, it's been a continuous holding since 1989.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中另一家持有时间超过1.12亿美国人在世时间的持股是货币中心银行<b>富国银行</b>（纽约证券交易所代码：WFC）。尽管这位奥马哈先知和他的团队大幅减少了公司在富国银行的股份，但自1989年以来一直持续持有富国银行的股份。</blockquote></p><p> There's no sector that Buffett thinks more highly of than financials, and no industry that's sought after more than banking. In an expansionary economy,bank stocksare money machines. They're generally growing their loan and deposit portfolio, and in a growing economy can often return a healthy portion of capital to shareholders via dividends and buybacks.</p><p><blockquote>巴菲特最看重的行业莫过于金融业，也没有哪个行业比银行业更受追捧。在扩张性经济中，银行股是赚钱机器。他们通常会增加贷款和存款组合，在经济增长的情况下，他们通常可以通过股息和回购向股东返还大量资本。</blockquote></p><p> Wells Fargo's niche has always been its ability to attract affluent clientele. Wealthier clients are more likely to take advantage of multiple Wells Fargo services, and they're less likely to lapse on their loan obligations or shift their spending habits during minor economic disruptions. They've long been the company's bread-and-butter growth driver.</p><p><blockquote>富国银行的利基一直是其吸引富裕客户的能力。富裕的客户更有可能利用富国银行的多种服务，并且在轻微的经济混乱期间，他们不太可能履行贷款义务或改变消费习惯。他们长期以来一直是公司的主要增长动力。</blockquote></p><p> But as noted, Buffett and his team have reduced their stake in Wells Fargo by 427 million shares, or about 89%, over the past four years. This probably has to do with the company admitting that3.5 million unauthorized accountswere opened between 2009 and 2016 as part of an aggressive cross-selling push at the branch level. Buffett is a big believer in earning and holding the trust of consumers and shareholders. With that trust broken following this admission, Buffett appears to be looking for greener pastures for his company's capital.</p><p><blockquote>但如前所述，巴菲特及其团队在过去四年中已减持富国银行4.27亿股，即约89%。这可能与该公司承认2009年至2016年间开设了350万个未经授权的账户有关，这是分行层面积极交叉销售的一部分。巴菲特非常相信赢得并保持消费者和股东的信任。随着这种信任在这一承认后被打破，巴菲特似乎正在为他的公司资本寻找更好的牧场。</blockquote></p><p> American Express</p><p><blockquote>美国运通</blockquote></p><p> The third longest-tenured stock in Berkshire Hathaway's portfolio is financial services giant<b>American Express</b>(NYSE:AXP), which has been a continuous holding since 1993. If you aren't at least 28 years old right now, you weren't alive the last time Buffett didn't own AmEx.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中任期第三长的股票是金融服务巨头<b>美国运通</b>（纽约证券交易所代码：AXP），自1993年以来一直持续持有。如果你现在还不到28岁，那么上次巴菲特不拥有美国运通时你就不在人世了。</blockquote></p><p> Like most payment processors, American Express is part of a numbers game that's very much in its favor over the long run. Even though recessions and contractions are a normal part of the economic cycle, periods of expansion tend to be measured in years, whereas recessions typically last a few months to a couple of quarters.</p><p><blockquote>与大多数支付处理商一样，美国运通是数字游戏的一部分，从长远来看，这对其非常有利。尽管衰退和收缩是经济周期的正常部分，但扩张期往往以年为单位，而衰退通常持续几个月到几个季度。</blockquote></p><p></p><p> American Express is also what we can call a double-dipper. It generates revenue from merchants by processing transactions and also brings in a separate channel of revenue by issuing credit cards to consumers and businesses. This allows the company to collect fees and interest income, but can also expose it to credit delinquencies during contractions and recessions.</p><p><blockquote>美国运通也是我们可以看涨期权的双杓。它通过处理交易从商家那里产生收入，也通过向消费者和企业发行信用卡带来单独的收入渠道。这使得该公司能够收取费用和利息收入，但也可能使其在收缩和衰退期间面临信贷拖欠。</blockquote></p><p> Like Wells Fargo, AmEx's secret sauce has long been itsconnection to affluent cardholders. Well-to-do customers are less likely to change their spending habits when minor economic hiccups arise, meaning American Express's cash flow tends to be a bit more secure than other credit card issuers.</p><p><blockquote>与富国银行一样，美国运通的秘诀长期以来一直是其与富裕持卡人的联系。当出现轻微的经济问题时，富裕的客户不太可能改变他们的消费习惯，这意味着美国运通的现金流往往比其他信用卡发卡机构更安全。</blockquote></p><p> With a cost basis of only $8.49 and an annual base payout of $1.72, Berkshire Hathaway isnetting a hearty 20% yield on cost with AmEx.</p><p><blockquote>伯克希尔哈撒韦公司的成本基础仅为8.49美元，年基本派息为1.72美元，与美国运通的成本收益率高达20%。</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>Warren Buffett Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</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 Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</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\">2021-04-26 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Warren Buffett is an investing icon on Wall Street. Since taking the helm of<b>Berkshire Hathaway</b>(NYSE:BRK.A)(NYSE:BRK.B)in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for the<b>S&amp;P 500</b>of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&amp;P 500 by almost 2,800,000% in 56 years.</p><p><blockquote>沃伦·巴菲特是华尔街的投资偶像。自掌舵以来<b>伯克希尔哈撒韦</b>(NYSE：BRK.A)(NYSE：BRK.B)20世纪60年代中期，他带领公司股票的年化回报率达到了20%。这几乎使包括股息在内的总年回报率翻了一番<b>标普500</b>自1965年以来增长了10.2%。总体而言，巴菲特的公司在56年里的表现比广受关注的标普500高出近2,800,000%。</blockquote></p><p> What's interesting aboutBuffett's investing strategyis that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximatelya fifth of the Oracle of Omaha's portfoliohas been held for 15 or more years.</p><p><blockquote>巴菲特投资策略的有趣之处在于他让事情变得简单。他将研究重点放在少数几个行业，收购他认为具有可持续竞争优势的公司，最重要的是，长期持有这些业务，并让复利发挥其魔力。奥马哈先知大约五分之一的投资组合已持有15年或更长时间。</blockquote></p><p> However, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.</p><p><blockquote>然而，巴菲特控股的三家公司在任期内确实脱颖而出。在审查了美国人口普查局对2020年12月的人口估计后，上次伯克希尔哈撒韦公司没有持有这三只股票时，有1.123亿美国人甚至已经不在人世。</blockquote></p><p> Coca-Cola</p><p><blockquote>可口可乐</blockquote></p><p> If you want to talk about the power of compounding and conviction, look no further than Warren Buffett's holding in beverage giant<b>Coca-Cola</b>(NYSE:KO). Berkshire Hathaway has been afaithful holder of Coca-Cola stock since 1988.</p><p><blockquote>如果你想谈论复利和信念的力量，看看沃伦·巴菲特对饮料巨头的持股就知道了<b>可口可乐</b>（纽约证券交易所代码：KO）。自1988年以来，伯克希尔哈撒韦公司一直是可口可乐股票的忠实持有者。</blockquote></p><p> Aside from an insanely low cost basis, one of the reasons Buffett sticks with Coca-Cola is the company'sgeographic reach. With the exception of North Korea and Cuba, Coke's products can be found in every other country around the world. This means the company benefits from the steady cash flow and its 20% share of cold beverages in developed markets, as well as its 10% share and the juicier growth prospects of emerging market countries. All told, Coke has more than 20 beverage brands generating at least $1 billion in annual sales.</p><p><blockquote>除了极低的成本基础之外，巴菲特坚持可口可乐的原因之一是该公司的地理覆盖范围。除了朝鲜和古巴，可口可乐的产品在世界其他所有国家都可以找到。这意味着该公司受益于稳定的现金流和在发达市场冷饮20%的份额，以及新兴市场国家10%的份额和更多的增长前景。总而言之，可口可乐拥有20多个饮料品牌，年销售额至少为10亿美元。</blockquote></p><p> Coca-Cola's success can be attributed to its excellent marketing campaigns, too. The company has clear holiday tie-ins, can reach consumers via point-of-sale advertising, is pushing into digital ads, and has an army of well-known ambassadors. Coke is possibly the most well-recognize consumer goods brand in existence today.</p><p><blockquote>可口可乐的成功也可以归功于其出色的营销活动。该公司有明确的节日搭配，可以通过销售点广告接触消费者，正在进军数字广告，并拥有一支知名大使大军。可口可乐可能是当今最知名的消费品品牌。</blockquote></p><p> For Berkshire Hathaway, it's also a big-time moneymaker. With a cost basis of about $3.25 a share and an annual dividend payout of $1.68, Warren Buffett's yield on cost for Coca-Cola is 52%! No joke: Buffettdoubles his initial investment every two yearsfrom the dividend alone.</p><p><blockquote>对于伯克希尔哈撒韦公司来说，这也是一个巨大的赚钱机器。基于每股约3.25美元的成本基础和1.68美元的年度股息支付，沃伦·巴菲特对可口可乐的成本收益率为52%！不是开玩笑：巴菲特每两年仅股息就会使他的初始投资翻倍。</blockquote></p><p> Wells Fargo</p><p><blockquote>富国银行</blockquote></p><p> Another holding that's been in Berkshire Hathaway's portfolio longer than 112 million Americans have been alive is money-center bank<b>Wells Fargo</b>(NYSE:WFC). Even though the Oracle of Omaha and his teamhave dramatically reduced their company's stake in Wells Fargo, it's been a continuous holding since 1989.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中另一家持有时间超过1.12亿美国人在世时间的持股是货币中心银行<b>富国银行</b>（纽约证券交易所代码：WFC）。尽管这位奥马哈先知和他的团队大幅减少了公司在富国银行的股份，但自1989年以来一直持续持有富国银行的股份。</blockquote></p><p> There's no sector that Buffett thinks more highly of than financials, and no industry that's sought after more than banking. In an expansionary economy,bank stocksare money machines. They're generally growing their loan and deposit portfolio, and in a growing economy can often return a healthy portion of capital to shareholders via dividends and buybacks.</p><p><blockquote>巴菲特最看重的行业莫过于金融业，也没有哪个行业比银行业更受追捧。在扩张性经济中，银行股是赚钱机器。他们通常会增加贷款和存款组合，在经济增长的情况下，他们通常可以通过股息和回购向股东返还大量资本。</blockquote></p><p> Wells Fargo's niche has always been its ability to attract affluent clientele. Wealthier clients are more likely to take advantage of multiple Wells Fargo services, and they're less likely to lapse on their loan obligations or shift their spending habits during minor economic disruptions. They've long been the company's bread-and-butter growth driver.</p><p><blockquote>富国银行的利基一直是其吸引富裕客户的能力。富裕的客户更有可能利用富国银行的多种服务，并且在轻微的经济混乱期间，他们不太可能履行贷款义务或改变消费习惯。他们长期以来一直是公司的主要增长动力。</blockquote></p><p> But as noted, Buffett and his team have reduced their stake in Wells Fargo by 427 million shares, or about 89%, over the past four years. This probably has to do with the company admitting that3.5 million unauthorized accountswere opened between 2009 and 2016 as part of an aggressive cross-selling push at the branch level. Buffett is a big believer in earning and holding the trust of consumers and shareholders. With that trust broken following this admission, Buffett appears to be looking for greener pastures for his company's capital.</p><p><blockquote>但如前所述，巴菲特及其团队在过去四年中已减持富国银行4.27亿股，即约89%。这可能与该公司承认2009年至2016年间开设了350万个未经授权的账户有关，这是分行层面积极交叉销售的一部分。巴菲特非常相信赢得并保持消费者和股东的信任。随着这种信任在这一承认后被打破，巴菲特似乎正在为他的公司资本寻找更好的牧场。</blockquote></p><p> American Express</p><p><blockquote>美国运通</blockquote></p><p> The third longest-tenured stock in Berkshire Hathaway's portfolio is financial services giant<b>American Express</b>(NYSE:AXP), which has been a continuous holding since 1993. If you aren't at least 28 years old right now, you weren't alive the last time Buffett didn't own AmEx.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中任期第三长的股票是金融服务巨头<b>美国运通</b>（纽约证券交易所代码：AXP），自1993年以来一直持续持有。如果你现在还不到28岁，那么上次巴菲特不拥有美国运通时你就不在人世了。</blockquote></p><p> Like most payment processors, American Express is part of a numbers game that's very much in its favor over the long run. Even though recessions and contractions are a normal part of the economic cycle, periods of expansion tend to be measured in years, whereas recessions typically last a few months to a couple of quarters.</p><p><blockquote>与大多数支付处理商一样，美国运通是数字游戏的一部分，从长远来看，这对其非常有利。尽管衰退和收缩是经济周期的正常部分，但扩张期往往以年为单位，而衰退通常持续几个月到几个季度。</blockquote></p><p></p><p> American Express is also what we can call a double-dipper. It generates revenue from merchants by processing transactions and also brings in a separate channel of revenue by issuing credit cards to consumers and businesses. This allows the company to collect fees and interest income, but can also expose it to credit delinquencies during contractions and recessions.</p><p><blockquote>美国运通也是我们可以看涨期权的双杓。它通过处理交易从商家那里产生收入，也通过向消费者和企业发行信用卡带来单独的收入渠道。这使得该公司能够收取费用和利息收入，但也可能使其在收缩和衰退期间面临信贷拖欠。</blockquote></p><p> Like Wells Fargo, AmEx's secret sauce has long been itsconnection to affluent cardholders. Well-to-do customers are less likely to change their spending habits when minor economic hiccups arise, meaning American Express's cash flow tends to be a bit more secure than other credit card issuers.</p><p><blockquote>与富国银行一样，美国运通的秘诀长期以来一直是其与富裕持卡人的联系。当出现轻微的经济问题时，富裕的客户不太可能改变他们的消费习惯，这意味着美国运通的现金流往往比其他信用卡发卡机构更安全。</blockquote></p><p> With a cost basis of only $8.49 and an annual base payout of $1.72, Berkshire Hathaway isnetting a hearty 20% yield on cost with AmEx.</p><p><blockquote>伯克希尔哈撒韦公司的成本基础仅为8.49美元，年基本派息为1.72美元，与美国运通的成本收益率高达20%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/26/warren-buffett-has-owned-these-stocks-longer/\">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":{"AXP":"美国运通","KO":"可口可乐","WFC":"富国银行"},"source_url":"https://www.fool.com/investing/2021/04/26/warren-buffett-has-owned-these-stocks-longer/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115628548","content_text":"Warren Buffett is an investing icon on Wall Street. Since taking the helm ofBerkshire Hathaway(NYSE:BRK.A)(NYSE:BRK.B)in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for theS&P 500of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&P 500 by almost 2,800,000% in 56 years.\nWhat's interesting aboutBuffett's investing strategyis that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximatelya fifth of the Oracle of Omaha's portfoliohas been held for 15 or more years.\nHowever, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.\nCoca-Cola\nIf you want to talk about the power of compounding and conviction, look no further than Warren Buffett's holding in beverage giantCoca-Cola(NYSE:KO). Berkshire Hathaway has been afaithful holder of Coca-Cola stock since 1988.\nAside from an insanely low cost basis, one of the reasons Buffett sticks with Coca-Cola is the company'sgeographic reach. With the exception of North Korea and Cuba, Coke's products can be found in every other country around the world. This means the company benefits from the steady cash flow and its 20% share of cold beverages in developed markets, as well as its 10% share and the juicier growth prospects of emerging market countries. All told, Coke has more than 20 beverage brands generating at least $1 billion in annual sales.\nCoca-Cola's success can be attributed to its excellent marketing campaigns, too. The company has clear holiday tie-ins, can reach consumers via point-of-sale advertising, is pushing into digital ads, and has an army of well-known ambassadors. Coke is possibly the most well-recognize consumer goods brand in existence today.\nFor Berkshire Hathaway, it's also a big-time moneymaker. With a cost basis of about $3.25 a share and an annual dividend payout of $1.68, Warren Buffett's yield on cost for Coca-Cola is 52%! No joke: Buffettdoubles his initial investment every two yearsfrom the dividend alone.\nWells Fargo\nAnother holding that's been in Berkshire Hathaway's portfolio longer than 112 million Americans have been alive is money-center bankWells Fargo(NYSE:WFC). Even though the Oracle of Omaha and his teamhave dramatically reduced their company's stake in Wells Fargo, it's been a continuous holding since 1989.\nThere's no sector that Buffett thinks more highly of than financials, and no industry that's sought after more than banking. In an expansionary economy,bank stocksare money machines. They're generally growing their loan and deposit portfolio, and in a growing economy can often return a healthy portion of capital to shareholders via dividends and buybacks.\nWells Fargo's niche has always been its ability to attract affluent clientele. Wealthier clients are more likely to take advantage of multiple Wells Fargo services, and they're less likely to lapse on their loan obligations or shift their spending habits during minor economic disruptions. They've long been the company's bread-and-butter growth driver.\nBut as noted, Buffett and his team have reduced their stake in Wells Fargo by 427 million shares, or about 89%, over the past four years. This probably has to do with the company admitting that3.5 million unauthorized accountswere opened between 2009 and 2016 as part of an aggressive cross-selling push at the branch level. Buffett is a big believer in earning and holding the trust of consumers and shareholders. With that trust broken following this admission, Buffett appears to be looking for greener pastures for his company's capital.\nAmerican Express\nThe third longest-tenured stock in Berkshire Hathaway's portfolio is financial services giantAmerican Express(NYSE:AXP), which has been a continuous holding since 1993. If you aren't at least 28 years old right now, you weren't alive the last time Buffett didn't own AmEx.\nLike most payment processors, American Express is part of a numbers game that's very much in its favor over the long run. Even though recessions and contractions are a normal part of the economic cycle, periods of expansion tend to be measured in years, whereas recessions typically last a few months to a couple of quarters.\nAmerican Express is also what we can call a double-dipper. It generates revenue from merchants by processing transactions and also brings in a separate channel of revenue by issuing credit cards to consumers and businesses. This allows the company to collect fees and interest income, but can also expose it to credit delinquencies during contractions and recessions.\nLike Wells Fargo, AmEx's secret sauce has long been itsconnection to affluent cardholders. Well-to-do customers are less likely to change their spending habits when minor economic hiccups arise, meaning American Express's cash flow tends to be a bit more secure than other credit card issuers.\nWith a cost basis of only $8.49 and an annual base payout of $1.72, Berkshire Hathaway isnetting a hearty 20% yield on cost with AmEx.","news_type":1,"symbols_score_info":{"WFC":0.9,"KO":0.9,"AXP":0.9}},"isVote":1,"tweetType":1,"viewCount":1724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374821400,"gmtCreate":1619439538600,"gmtModify":1634273491633,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"Nic2","listText":"Nic2","text":"Nic2","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/374821400","repostId":"1111949311","repostType":4,"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375695610,"gmtCreate":1619329963930,"gmtModify":1634274176619,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375695610","repostId":"2129804364","repostType":4,"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372176981,"gmtCreate":1619188285043,"gmtModify":1634287886402,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582186464195509","idStr":"3582186464195509"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372176981","repostId":"1143062408","repostType":4,"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":106429638,"gmtCreate":1620140442624,"gmtModify":1634207506867,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/106429638","repostId":"1179044309","repostType":4,"repost":{"id":"1179044309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620140053,"share":"https://www.laohu8.com/m/news/1179044309?lang=zh_CN&edition=full","pubTime":"2021-05-04 22:54","market":"us","language":"en","title":"Sharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179044309","media":"Benzinga","summary":"After racing into earnings season, stocks have basically treaded water the last two weeks. The S&P 5","content":"<p>After racing into earnings season, stocks have basically treaded water the last two weeks. The&nbsp;<b>S&amp;P 500 Index</b>&nbsp;(SPX) finished Monday less than 1% changed from mid-April when reporting season began.</p><p><blockquote>在进入财报季后，过去两周股市基本上停滞不前。The<b>标普500指数</b>(SPX)周一收盘较4月中旬财报季开始时变化不到1%。</blockquote></p><p> That’s despite an amazing Q1 earnings performance by S&amp;P 500 companies so far, with average earnings per share up more than 40%. With more than half of the reporting season done, 86% of companies have beaten earnings expectations, according to FactSet.</p><p><blockquote>尽管迄今为止标普500公司第一季度的盈利表现令人惊叹，平均每股收益增长了40%以上。FactSet的数据显示，财报季已过半，86%的公司盈利超出预期。</blockquote></p><p> When you accompany that with the lack of gains in major indices, you have to ask yourself how much of the good news was priced in. We were already at all-time highs ahead of the reporting period, so can the reality match the expectations?</p><p><blockquote>当你伴随着主要指数缺乏涨幅时，你必须问自己有多少好消息被定价了。我们在报告期之前就已经处于历史高点，那么现实能否与预期相匹配呢？</blockquote></p><p> Anyway, this stall in forward progress isn’t something to be overly concerned about. We’re heading into summer, which tends to be a time of lighter volumes, but lighter volumes can mean good things as well.</p><p><blockquote>无论如何，这种前进的停滞并不是什么值得过度担心的事情。我们即将进入夏季，这往往是一个成交量较少的时期，但成交量较少也可能意味着好事。</blockquote></p><p> For the next act, investors might have their eyes peeled on ride-sharing companies&nbsp;<b>Lyft Technologies Inc.</b>LYFT 4.39%and&nbsp;<b>Uber</b>UBER 3.03%today and tomorrow to see if they can provide insight into reopening progress.</p><p><blockquote>对于下一步行动，投资者可能会密切关注拼车公司<b>Lyft技术公司。</b>LYFT 4.39%和<b>优步</b>UBER今天和明天将上涨3.03%，看看他们是否可以提供有关重新开放进展的见解。</blockquote></p><p> <b>Solid Reporting Season Continues With CVS, Pfizer</b></p><p><blockquote><b>CVS和辉瑞继续稳健的报告季</b></blockquote></p><p> Before that, investors got another set of solid earnings news this morning as&nbsp;<b>CVS</b>CVS 3%and&nbsp;<b>Pfizer</b>PFE 0.45%outran consensus expectations and raised guidance. PFE raised revenue guidance by 18% for the year, which is pretty impressive. Some of that is related to their Covid vaccine, but not all of it.</p><p><blockquote>在此之前，投资者今天上午又收到了一组可靠的盈利消息，<b>CVS</b>CVS 3%和<b>辉瑞</b>PFE 0.45%超出普遍预期并上调指引。PFE将今年的收入指引上调了18%，这相当令人印象深刻。其中一些与他们的Covid疫苗有关，但不是全部。</blockquote></p><p> Technology—particularly the so-called “FAANG” sector of that group—appeared to be taking the worst of it early Tuesday. The Tech sector is by far the worst SPX performer over the last week even though earnings from most of the “mega-caps” in that sector looked solid. At the same time, cyclical sectors—think Financials and Energy—have led gains recently. It’s more along the lines of what we were seeing earlier this year before Tech made a move going into earnings season.</p><p><blockquote>周二早些时候，科技——尤其是该集团中所谓的“FAANG”部门——似乎受到了最严重的影响。科技板块是上周SPX表现最差的板块，尽管该板块大多数“大型股”的盈利看起来稳健。与此同时，周期性板块——比如金融和能源——最近领涨。这更符合我们今年早些时候在科技进入财报季之前所看到的情况。</blockquote></p><p> Call it what you want: “Consolidation” is a word some people are using to describe this lack of direction in the markets amid a slowing news flow. The directionless trading appears to be extending into Tuesday, with major indices losing ground ahead of the opening bell and the closely-watched 10-year Treasury yield back at 1.6%, right in the middle of its recent range.</p><p><blockquote>看涨期权它是你想要的：一些人用“整合”这个词来描述在新闻流放缓的情况下市场缺乏方向。无方向交易似乎将延续到周二，主要股指在开盘前下跌，备受关注的10年期国债收益率回到1.6%，处于近期区间的中间位置。</blockquote></p><p> Still, commodity prices—and not just&nbsp;the semiconductors we’ve talked about recently—are on the rise, with the&nbsp;<b>Bloomberg Commodity Index</b>&nbsp;($BCOM) among those commodity benchmarks sitting on multi-year highs. Even if long-dated Treasury yields remain muted and the Fed sticks to its narrative of “transitory inflation” (see more below), commodities seem to be factoring in higher prices.</p><p><blockquote>尽管如此，大宗商品价格——不仅仅是我们最近谈到的半导体——仍在上涨，随着<b>彭博商品指数</b>($BCOM)是处于多年高点的大宗商品基准之一。即使长期国债收益率保持低迷，美联储坚持其“暂时性通胀”的说法（见下文），大宗商品似乎也在考虑价格上涨。</blockquote></p><p> Volatility is up slightly, too, not surprising considering the pressure on stocks. Keep an eye on the 20 level for the&nbsp;<b>Cboe&nbsp;Volatility&nbsp;Index</b>&nbsp;(VIX). We’re only slightly below that benchmark figure, and looking at forward contracts, the message looks like we’ll continue to bounce around for a while.</p><p><blockquote>考虑到股市面临的压力，波动性也略有上升，这并不奇怪。密切关注20级<b>芝加哥期权交易所波动率指数</b>（波动率指数）。我们仅略低于该基准数字，从远期合约来看，我们似乎将继续反弹一段时间。</blockquote></p><p> <b>Earnings Season About To Catch A&nbsp;Ride</b></p><p><blockquote><b>财报季即将到来</b></blockquote></p><p> It’s kind of fitting that “reopening” stocks led the way Monday in a week that features&nbsp;earnings from<b>Uber Technologies Inc.</b>UBER 3.03%and<b>Lyft</b>LYFT 4.39%,&nbsp;two companies that would likely stand to benefit if people are getting out more. LYFT is expected to report today after the close and UBER is up to bat tomorrow after the close.</p><p><blockquote>周一，“重新开放”股票在一周的收益中领先，这是很合适的<b>优步技术公司。</b>优步3.03%和<b>Lyft</b>LYFT 4.39%，如果人们更多地外出，这两家公司可能会受益。LYFT预计将于今天收盘后发布报告，UBER将于明天收盘后发布报告。</blockquote></p><p> Both companies are apparently having some trouble finding drivers to meet all the new demand, kind of a good problem to have. However, it could be costly, with both having to spend more on driver incentives. There’s also a regulatory headwind after the U.S. Labor secretary told Reuters that many gig economy workers should be treated as employees.</p><p><blockquote>两家公司显然都很难找到满足所有新需求的司机，这是一个很好的问题。然而，这可能代价高昂，双方都必须在司机激励上花费更多。美国劳工部长告诉路透社，许多零工经济工人应该被视为雇员，这也带来了监管阻力。</blockquote></p><p> If that ends up happening nationwide and UBER and LYFT have to treat drivers as employees instead of independent contractors, it seems that would substantially increase costs for these companies. However, that’s far from settled yet.</p><p><blockquote>如果这种情况最终在全国范围内发生，优步和LYFT不得不将司机视为员工而不是独立承包商，这似乎将大幅增加这些公司的成本。然而，这还远未解决。</blockquote></p><p> In the meantime, what investors probably want to know is whether LYFT and UBER were able to continue cutting their losses in Q1 after shrinking their annual net losses last time out. They’re still going to likely face tough comparisons on revenue because a lot of the 2020 quarter they’re comparing to took place before the pandemic hit last March.</p><p><blockquote>与此同时，投资者可能想知道的是，LYFT和优步在上次缩小年度净亏损后，第一季度是否能够继续削减亏损。他们仍可能面临艰难的收入比较，因为他们所比较的2020年季度的大部分时间都发生在去年3月疫情爆发之前。</blockquote></p><p></p><p> In contrast, other big earnings reports over the coming days include some of the companies many investors embraced big time last year when the pandemic hit. We’re talking&nbsp;<b>Peloton</b>PTON 0.71%,&nbsp;<b>Paypal</b>PYPL 3.11%,&nbsp;<b>Moderna</b>MRNA 4.59%,&nbsp;<b>Square</b>SQ 2.71%, and<b>&nbsp;Roku Inc.</b>ROKU 3.81%.&nbsp; A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.</p><p><blockquote>相比之下，未来几天的其他大型收益报告包括去年疫情爆发时许多投资者大力支持的一些公司。我们在说话<b>佩洛顿</b>PTON 0.71%，<b>Paypal</b>PYPL 3.11%,<b>现代</b>MRNA 4.59%，<b>平方</b>平方2.71%，以及<b>Roku公司。</b>ROKU 3.81%。其中许多公司在2020年都取得了惊人的业绩，但可能会提前数年的需求。现在，随着经济重新开放，他们面临着解释如何实现利润以及如何保持兴奋的压力。</blockquote></p><p> It’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.</p><p><blockquote>这些股票并不一定是你可以认为昙花一现的股票。习惯于在家锻炼并购买PTON机器的人可能不会马上放弃它去健身房，或者根本不会。分析师最近告诉《巴伦周刊》，MRNA的疫苗技术还有超越新冠疫苗成功的可能性。PYPL和SQ的技术在新冠疫情之前就已经很受欢迎了，尽管疫情可能会给它们带来推动。</blockquote></p><p> <b>Fresh Earnings Could Cast Light On Supply Shortages, Costs</b></p><p><blockquote><b>新的收益可能会揭示供应短缺和成本</b></blockquote></p><p> Getting back from the newest models to a veteran,<b>&nbsp;General Motors</b>GM 2.48%reports tomorrow. Like other car companies, GM’s earnings call could offer an interesting perspective on the semiconductor chip shortage.&nbsp;<b>Ford</b>F 1.98%said last week the problem is taking a greater toll on its business than previously expected and could put pressure on its operating results in the second half of the year. For more on how the chip shortage is affecting car makers, see below.</p><p><blockquote>从最新款回到老手，<b>通用汽车</b>通用汽车2.48%明天报告。与其他汽车公司一样，通用汽车的盈利看涨期权可以为半导体芯片短缺提供一个有趣的视角。<b>福特</b>F 1.98%上周表示，该问题对其业务造成的影响超出了此前的预期，并可能给其下半年的经营业绩带来压力。有关芯片短缺如何影响汽车制造商的更多信息，请参见下文。</blockquote></p><p> Some of the supply shortages in chips and beyond might be playing out in the economic data this week. ISM manufacturing for April released on Monday came in below Wall Street’s expectations at 60.7%, down from 64.7% a month earlier. Supply chain disruptions and higher raw material costs might have played into the lower number.</p><p><blockquote>芯片及其他领域的一些供应短缺可能会在本周的经济数据中显现出来。周一公布的4月份ISM制造业增长率为60.7%，低于华尔街预期，低于一个月前的64.7%。供应链中断和原材料成本上升可能是导致数字下降的原因。</blockquote></p><p> The Fed has been saying inflation will be transitory, but we’ll see if they end up being right. A couple of weeks ago&nbsp;<b>Intel</b>INTC 1.77%said the chip shortage could last two years. President Biden’s infrastructure plan envisions more domestic production of these products, but you can’t turn on the assembly lines overnight, and there’s still no guarantee the entire bill as it exists now will become reality.</p><p><blockquote>美联储一直表示通胀将是暂时的，但我们将看看他们最终是否正确。几周前<b>英特尔</b>INTC 1.77%表示，芯片短缺可能会持续两年。拜登总统的基础设施计划设想在国内生产更多这些产品，但你不能在一夜之间打开装配线，而且仍然不能保证现在存在的整个法案会成为现实。</blockquote></p><p> In other data to watch, the ISM non-manufacturing index for April is due Wednesday. Consensus on Wall Street is for a headline figure of 65.0%, up from 63.7% in March, according to research firm Briefing.com.</p><p><blockquote>在其他值得关注的数据中，4月份ISM非制造业指数将于周三公布。根据研究公司Briefing.com的数据，华尔街的共识是总体数字为65.0%，高于3月份的63.7%。</blockquote></p><p> Of course, the biggest report this week is Friday’s non-farm payrolls, where analysts expect a cool million new jobs created in April vs. 916,000 in March. We’ll dig into that a little more tomorrow, with some things worth watching in the report beyond that headline number. Stay tuned.</p><p><blockquote>当然，本周最大的报告是周五的非农就业数据，分析师预计4月份将新增100万个就业岗位，而3月份为91.6万个。明天我们将对此进行更深入的探讨，除了标题数字之外，报告中还有一些值得关注的内容。敬请期待。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/da99b665ba0fa3e07d7fc1e25ce3dd62\" tg-width=\"780\" tg-height=\"412\"></p><p><blockquote></blockquote></p><p> <b>CHART OF THE DAY:THE MORE THINGS CHANGE...</b>A few weeks ago we ran this same chart of the S&amp;P 500 Index (SPX—candlestick) vs. its 50-day moving average (blue line). Not much has changed since then. The index still holds a firm premium to the 50-day, and hasn’t come close to testing it in over a month. The 50-day is now just above 4000, and every time this year the index tested it, the result was a solid rebound. The question is, if the market sells off a bit and tests this important technical area, will it hold again? If not, more technical selling could break out, changing this long-running pattern. Data Source: S&amp;P Dow Jones Indices.Chart source: The&nbsp;thinkorswim® platform.&nbsp;<i>For illustrative purposes only. Past performance does not guarantee future results.</i></p><p><blockquote><b>每日图表：事情变化越多...</b>几周前，我们运行了标普500指数（SPX烛台）与其50天移动平均线（蓝线）的相同图表。从那以后没有太大变化。该指数仍较50日指数保持稳定溢价，并且已经一个多月没有接近测试该指数了。50日线现在略高于4000点，今年该指数每次测试它，结果都是强劲反弹。问题是，如果市场稍微抛售并测试这个重要的技术区域，它会再次站稳吗？否则，更多的技术性抛售可能会爆发，改变这种长期模式。数据来源：标准普尔道琼斯指数。图表来源：thinkorswim®平台。<i>仅用于说明目的。过去的表现并不能保证未来的结果。</i></blockquote></p><p> <b>Horse’s Mouth Time:</b>&nbsp;Something that might be worth paying attention to today is the Wall Street Journal’s CEO summit, which starts this morning and features interviews with&nbsp;<b>JP Morgan Chase</b>JPM 0.04%CEO Jamie Dimon,&nbsp;<b>Merck</b>MRK 0.03%Chairman and CEO Kenneth C. Frazier, and Treasury Secretary Janet Yellen.</p><p><blockquote><b>马嘴时间：</b>今天可能值得关注的是《华尔街日报》的首席执行官峰会，该峰会将于今天上午开始，其中包括对<b>摩根大通</b>摩根大通0.04%首席执行官杰米·戴蒙，<b>默克</b>MRK 0.03%董事长兼首席执行官肯尼思·弗雷泽(Kenneth C.Frazier)和财政部长珍妮特·耶伦(Janet Yellen)。</blockquote></p><p> Dimon’s going to be asked about the economic rebound and the markets, the WSJ said, but it might be interesting to see if they ask him any questions about the banking industry now that Q1 earnings are in the rearview mirror. Some analysts note that activity on Wall Street—especially on the&nbsp;Special Purpose Acquisition Company (SPAC)&nbsp;front—has slowed down slightly in Q2, and wonder if that means the sizzling investment banking revenues enjoyed by the industry in Q1 might not be as easy to scoop up this quarter. SPACs raised $82 billion last year, the WSJ reported.</p><p><blockquote>《华尔街日报》表示，戴蒙将被问及有关经济反弹和市场的问题，但既然第一季度收益已成为过去，看看他们是否会向他提出任何有关银行业的问题可能会很有趣。一些分析师指出，华尔街的活动——尤其是特殊目的收购公司(SPAC)方面——在第二季度略有放缓，并想知道这是否意味着该行业在第一季度享有的炙手可热的投资银行收入可能不会那么容易本季度上涨。据《华尔街日报》报道，SPAC去年筹集了820亿美元。</blockquote></p><p></p><p> <b>Earnings Come Down The Stretch With A&nbsp;Lead:</b>&nbsp;We’ve heard a lot of analysts say what a great earnings season it’s been, but it’s another thing to see the actual number plugged in. How does this sound? 45.8%. That’s the average S&amp;P 500 earnings growth with 60% of companies now reporting, according to research firm Factset. If it remains there or higher for the rest of the way, it will be the best earnings growth for a quarter since the economy was emerging from the financial crisis in early 2010. It also leaves analysts’ average estimate of 24% earnings growth going into the reporting period completely in the dust. In fact, 86% of companies are beating analyst estimates on earnings, and 78% on revenue, Factset says.</p><p><blockquote><b>盈利处于领先地位：</b>我们听到很多分析师说这是一个多么棒的财报季，但看到实际数字是另一回事。这听起来怎么样？45.8%.根据研究公司Factset的数据，这是标普500目前60%的公司报告的平均盈利增长。如果该指数在剩余时间内保持在该水平或更高，这将是自2010年初经济摆脱金融危机以来最好的季度盈利增长。这也让分析师对报告期内盈利增长24%的平均预期完全落空。Factset表示，事实上，86%的公司盈利超出了分析师预期，78%的公司收入超出了分析师预期。</blockquote></p><p> This all sounds good, but you’ll hear some naysayers tell you most of the strength in earnings was built into stock prices going in. Actually, that’s a bit of an exaggeration, and you can see that if you follow the 12-month forward price-to-earnings ratio for the S&amp;P 500. It’s now at 22, by Factset’s reckoning, and that’s down from nearly 24 at the start of 2021. Over the same year-to-date time frame, the S&amp;P Equal Weight 500 jumped 16.2%, research firm CFRA noted Monday (equal weight means each of the 500 companies in the index is given a fixed weight instead of the index being weighted by market cap). In other words, stocks have risen while valuations fell, which is a neat trick.</p><p><blockquote>这一切听起来都不错，但你会听到一些反对者告诉你，盈利的大部分优势都是由股价的上涨决定的。实际上，这有点夸张，如果你遵循标普500的12个月远期市盈率，你就可以看到这一点。根据Factset的计算，目前为22，低于2021年初的近24。研究公司CFRA周一指出，在今年迄今为止的同一时间范围内，标准普尔等权重500指数上涨了16.2%（等权重意味着指数中的500家公司中的每家都被赋予固定权重，而不是指数按市值加权）。换句话说，股票上涨，而估值下跌，这是一个巧妙的伎俩。</blockquote></p><p> <b>No Chips, No Ride:</b>&nbsp;Have you driven by a car dealership lately? If so, you may have noticed that everything seems more or less in place, except for the cars, that is—they’re missing. As we reported earlier this year, the semiconductor sector is undergoing a massive worldwide shortage. For car buyers, this may mean longer waits and higher prices. And by the way, new cars aren’t the only ones impacted by the shortage. The average price of used cars jumped 12.5% over the last year, according to the National Automobile Dealers Association.</p><p><blockquote><b>没有筹码，就没有游乐设施：</b>你最近开车经过汽车经销商吗？如果是这样，您可能已经注意到，除了汽车之外，一切似乎都或多或少就位了，也就是说，它们不见了。正如我们今年早些时候报道的那样，半导体行业正在经历全球范围内的大规模短缺。对于购车者来说，这可能意味着更长的等待时间和更高的价格。顺便说一句，新车并不是唯一受到短缺影响的汽车。根据全国汽车经销商协会的数据，二手车平均价格比去年上涨了12.5%。</blockquote></p><p> For automakers, however, this means wider sales, some even seeing record profits as vehicles are sold before they make it to the sales lot. Investors might want to keep an eye on companies like&nbsp;<b>General Motors</b>GM 2.48%,&nbsp;<b>Ford</b>F 1.98%, and other manufacturers to see how the chip shortage may be impacting their bottom lines. Might the shortage in rides be a ticket to ride the chip shortage to the upside?</p><p><blockquote>然而，对于汽车制造商来说，这意味着更广泛的销售，有些人甚至看到了创纪录的利润，因为车辆在进入销售现场之前就被售出。投资者可能需要关注以下公司<b>通用汽车</b>通用汽车2.48%，<b>福特</b>F 1.98%，以及其他制造商，了解芯片短缺可能如何影响他们的利润。游乐设施的短缺可能是利用芯片短缺的门票吗？</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>Sharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</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\">\nSharing A Ride To The Reopening: Uber, Lyft Earnings Could Offer Hints To Life Beyond The Pandemic<blockquote>共享重新开放之旅：优步、Lyft的盈利可能为大流行后的生活提供线索</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-05-04 22:54</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>After racing into earnings season, stocks have basically treaded water the last two weeks. The&nbsp;<b>S&amp;P 500 Index</b>&nbsp;(SPX) finished Monday less than 1% changed from mid-April when reporting season began.</p><p><blockquote>在进入财报季后，过去两周股市基本上停滞不前。The<b>标普500指数</b>(SPX)周一收盘较4月中旬财报季开始时变化不到1%。</blockquote></p><p> That’s despite an amazing Q1 earnings performance by S&amp;P 500 companies so far, with average earnings per share up more than 40%. With more than half of the reporting season done, 86% of companies have beaten earnings expectations, according to FactSet.</p><p><blockquote>尽管迄今为止标普500公司第一季度的盈利表现令人惊叹，平均每股收益增长了40%以上。FactSet的数据显示，财报季已过半，86%的公司盈利超出预期。</blockquote></p><p> When you accompany that with the lack of gains in major indices, you have to ask yourself how much of the good news was priced in. We were already at all-time highs ahead of the reporting period, so can the reality match the expectations?</p><p><blockquote>当你伴随着主要指数缺乏涨幅时，你必须问自己有多少好消息被定价了。我们在报告期之前就已经处于历史高点，那么现实能否与预期相匹配呢？</blockquote></p><p> Anyway, this stall in forward progress isn’t something to be overly concerned about. We’re heading into summer, which tends to be a time of lighter volumes, but lighter volumes can mean good things as well.</p><p><blockquote>无论如何，这种前进的停滞并不是什么值得过度担心的事情。我们即将进入夏季，这往往是一个成交量较少的时期，但成交量较少也可能意味着好事。</blockquote></p><p> For the next act, investors might have their eyes peeled on ride-sharing companies&nbsp;<b>Lyft Technologies Inc.</b>LYFT 4.39%and&nbsp;<b>Uber</b>UBER 3.03%today and tomorrow to see if they can provide insight into reopening progress.</p><p><blockquote>对于下一步行动，投资者可能会密切关注拼车公司<b>Lyft技术公司。</b>LYFT 4.39%和<b>优步</b>UBER今天和明天将上涨3.03%，看看他们是否可以提供有关重新开放进展的见解。</blockquote></p><p> <b>Solid Reporting Season Continues With CVS, Pfizer</b></p><p><blockquote><b>CVS和辉瑞继续稳健的报告季</b></blockquote></p><p> Before that, investors got another set of solid earnings news this morning as&nbsp;<b>CVS</b>CVS 3%and&nbsp;<b>Pfizer</b>PFE 0.45%outran consensus expectations and raised guidance. PFE raised revenue guidance by 18% for the year, which is pretty impressive. Some of that is related to their Covid vaccine, but not all of it.</p><p><blockquote>在此之前，投资者今天上午又收到了一组可靠的盈利消息，<b>CVS</b>CVS 3%和<b>辉瑞</b>PFE 0.45%超出普遍预期并上调指引。PFE将今年的收入指引上调了18%，这相当令人印象深刻。其中一些与他们的Covid疫苗有关，但不是全部。</blockquote></p><p> Technology—particularly the so-called “FAANG” sector of that group—appeared to be taking the worst of it early Tuesday. The Tech sector is by far the worst SPX performer over the last week even though earnings from most of the “mega-caps” in that sector looked solid. At the same time, cyclical sectors—think Financials and Energy—have led gains recently. It’s more along the lines of what we were seeing earlier this year before Tech made a move going into earnings season.</p><p><blockquote>周二早些时候，科技——尤其是该集团中所谓的“FAANG”部门——似乎受到了最严重的影响。科技板块是上周SPX表现最差的板块，尽管该板块大多数“大型股”的盈利看起来稳健。与此同时，周期性板块——比如金融和能源——最近领涨。这更符合我们今年早些时候在科技进入财报季之前所看到的情况。</blockquote></p><p> Call it what you want: “Consolidation” is a word some people are using to describe this lack of direction in the markets amid a slowing news flow. The directionless trading appears to be extending into Tuesday, with major indices losing ground ahead of the opening bell and the closely-watched 10-year Treasury yield back at 1.6%, right in the middle of its recent range.</p><p><blockquote>看涨期权它是你想要的：一些人用“整合”这个词来描述在新闻流放缓的情况下市场缺乏方向。无方向交易似乎将延续到周二，主要股指在开盘前下跌，备受关注的10年期国债收益率回到1.6%，处于近期区间的中间位置。</blockquote></p><p> Still, commodity prices—and not just&nbsp;the semiconductors we’ve talked about recently—are on the rise, with the&nbsp;<b>Bloomberg Commodity Index</b>&nbsp;($BCOM) among those commodity benchmarks sitting on multi-year highs. Even if long-dated Treasury yields remain muted and the Fed sticks to its narrative of “transitory inflation” (see more below), commodities seem to be factoring in higher prices.</p><p><blockquote>尽管如此，大宗商品价格——不仅仅是我们最近谈到的半导体——仍在上涨，随着<b>彭博商品指数</b>($BCOM)是处于多年高点的大宗商品基准之一。即使长期国债收益率保持低迷，美联储坚持其“暂时性通胀”的说法（见下文），大宗商品似乎也在考虑价格上涨。</blockquote></p><p> Volatility is up slightly, too, not surprising considering the pressure on stocks. Keep an eye on the 20 level for the&nbsp;<b>Cboe&nbsp;Volatility&nbsp;Index</b>&nbsp;(VIX). We’re only slightly below that benchmark figure, and looking at forward contracts, the message looks like we’ll continue to bounce around for a while.</p><p><blockquote>考虑到股市面临的压力，波动性也略有上升，这并不奇怪。密切关注20级<b>芝加哥期权交易所波动率指数</b>（波动率指数）。我们仅略低于该基准数字，从远期合约来看，我们似乎将继续反弹一段时间。</blockquote></p><p> <b>Earnings Season About To Catch A&nbsp;Ride</b></p><p><blockquote><b>财报季即将到来</b></blockquote></p><p> It’s kind of fitting that “reopening” stocks led the way Monday in a week that features&nbsp;earnings from<b>Uber Technologies Inc.</b>UBER 3.03%and<b>Lyft</b>LYFT 4.39%,&nbsp;two companies that would likely stand to benefit if people are getting out more. LYFT is expected to report today after the close and UBER is up to bat tomorrow after the close.</p><p><blockquote>周一，“重新开放”股票在一周的收益中领先，这是很合适的<b>优步技术公司。</b>优步3.03%和<b>Lyft</b>LYFT 4.39%，如果人们更多地外出，这两家公司可能会受益。LYFT预计将于今天收盘后发布报告，UBER将于明天收盘后发布报告。</blockquote></p><p> Both companies are apparently having some trouble finding drivers to meet all the new demand, kind of a good problem to have. However, it could be costly, with both having to spend more on driver incentives. There’s also a regulatory headwind after the U.S. Labor secretary told Reuters that many gig economy workers should be treated as employees.</p><p><blockquote>两家公司显然都很难找到满足所有新需求的司机，这是一个很好的问题。然而，这可能代价高昂，双方都必须在司机激励上花费更多。美国劳工部长告诉路透社，许多零工经济工人应该被视为雇员，这也带来了监管阻力。</blockquote></p><p> If that ends up happening nationwide and UBER and LYFT have to treat drivers as employees instead of independent contractors, it seems that would substantially increase costs for these companies. However, that’s far from settled yet.</p><p><blockquote>如果这种情况最终在全国范围内发生，优步和LYFT不得不将司机视为员工而不是独立承包商，这似乎将大幅增加这些公司的成本。然而，这还远未解决。</blockquote></p><p> In the meantime, what investors probably want to know is whether LYFT and UBER were able to continue cutting their losses in Q1 after shrinking their annual net losses last time out. They’re still going to likely face tough comparisons on revenue because a lot of the 2020 quarter they’re comparing to took place before the pandemic hit last March.</p><p><blockquote>与此同时，投资者可能想知道的是，LYFT和优步在上次缩小年度净亏损后，第一季度是否能够继续削减亏损。他们仍可能面临艰难的收入比较，因为他们所比较的2020年季度的大部分时间都发生在去年3月疫情爆发之前。</blockquote></p><p></p><p> In contrast, other big earnings reports over the coming days include some of the companies many investors embraced big time last year when the pandemic hit. We’re talking&nbsp;<b>Peloton</b>PTON 0.71%,&nbsp;<b>Paypal</b>PYPL 3.11%,&nbsp;<b>Moderna</b>MRNA 4.59%,&nbsp;<b>Square</b>SQ 2.71%, and<b>&nbsp;Roku Inc.</b>ROKU 3.81%.&nbsp; A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.</p><p><blockquote>相比之下，未来几天的其他大型收益报告包括去年疫情爆发时许多投资者大力支持的一些公司。我们在说话<b>佩洛顿</b>PTON 0.71%，<b>Paypal</b>PYPL 3.11%,<b>现代</b>MRNA 4.59%，<b>平方</b>平方2.71%，以及<b>Roku公司。</b>ROKU 3.81%。其中许多公司在2020年都取得了惊人的业绩，但可能会提前数年的需求。现在，随着经济重新开放，他们面临着解释如何实现利润以及如何保持兴奋的压力。</blockquote></p><p> It’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.</p><p><blockquote>这些股票并不一定是你可以认为昙花一现的股票。习惯于在家锻炼并购买PTON机器的人可能不会马上放弃它去健身房，或者根本不会。分析师最近告诉《巴伦周刊》，MRNA的疫苗技术还有超越新冠疫苗成功的可能性。PYPL和SQ的技术在新冠疫情之前就已经很受欢迎了，尽管疫情可能会给它们带来推动。</blockquote></p><p> <b>Fresh Earnings Could Cast Light On Supply Shortages, Costs</b></p><p><blockquote><b>新的收益可能会揭示供应短缺和成本</b></blockquote></p><p> Getting back from the newest models to a veteran,<b>&nbsp;General Motors</b>GM 2.48%reports tomorrow. Like other car companies, GM’s earnings call could offer an interesting perspective on the semiconductor chip shortage.&nbsp;<b>Ford</b>F 1.98%said last week the problem is taking a greater toll on its business than previously expected and could put pressure on its operating results in the second half of the year. For more on how the chip shortage is affecting car makers, see below.</p><p><blockquote>从最新款回到老手，<b>通用汽车</b>通用汽车2.48%明天报告。与其他汽车公司一样，通用汽车的盈利看涨期权可以为半导体芯片短缺提供一个有趣的视角。<b>福特</b>F 1.98%上周表示，该问题对其业务造成的影响超出了此前的预期，并可能给其下半年的经营业绩带来压力。有关芯片短缺如何影响汽车制造商的更多信息，请参见下文。</blockquote></p><p> Some of the supply shortages in chips and beyond might be playing out in the economic data this week. ISM manufacturing for April released on Monday came in below Wall Street’s expectations at 60.7%, down from 64.7% a month earlier. Supply chain disruptions and higher raw material costs might have played into the lower number.</p><p><blockquote>芯片及其他领域的一些供应短缺可能会在本周的经济数据中显现出来。周一公布的4月份ISM制造业增长率为60.7%，低于华尔街预期，低于一个月前的64.7%。供应链中断和原材料成本上升可能是导致数字下降的原因。</blockquote></p><p> The Fed has been saying inflation will be transitory, but we’ll see if they end up being right. A couple of weeks ago&nbsp;<b>Intel</b>INTC 1.77%said the chip shortage could last two years. President Biden’s infrastructure plan envisions more domestic production of these products, but you can’t turn on the assembly lines overnight, and there’s still no guarantee the entire bill as it exists now will become reality.</p><p><blockquote>美联储一直表示通胀将是暂时的，但我们将看看他们最终是否正确。几周前<b>英特尔</b>INTC 1.77%表示，芯片短缺可能会持续两年。拜登总统的基础设施计划设想在国内生产更多这些产品，但你不能在一夜之间打开装配线，而且仍然不能保证现在存在的整个法案会成为现实。</blockquote></p><p> In other data to watch, the ISM non-manufacturing index for April is due Wednesday. Consensus on Wall Street is for a headline figure of 65.0%, up from 63.7% in March, according to research firm Briefing.com.</p><p><blockquote>在其他值得关注的数据中，4月份ISM非制造业指数将于周三公布。根据研究公司Briefing.com的数据，华尔街的共识是总体数字为65.0%，高于3月份的63.7%。</blockquote></p><p> Of course, the biggest report this week is Friday’s non-farm payrolls, where analysts expect a cool million new jobs created in April vs. 916,000 in March. We’ll dig into that a little more tomorrow, with some things worth watching in the report beyond that headline number. Stay tuned.</p><p><blockquote>当然，本周最大的报告是周五的非农就业数据，分析师预计4月份将新增100万个就业岗位，而3月份为91.6万个。明天我们将对此进行更深入的探讨，除了标题数字之外，报告中还有一些值得关注的内容。敬请期待。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/da99b665ba0fa3e07d7fc1e25ce3dd62\" tg-width=\"780\" tg-height=\"412\"></p><p><blockquote></blockquote></p><p> <b>CHART OF THE DAY:THE MORE THINGS CHANGE...</b>A few weeks ago we ran this same chart of the S&amp;P 500 Index (SPX—candlestick) vs. its 50-day moving average (blue line). Not much has changed since then. The index still holds a firm premium to the 50-day, and hasn’t come close to testing it in over a month. The 50-day is now just above 4000, and every time this year the index tested it, the result was a solid rebound. The question is, if the market sells off a bit and tests this important technical area, will it hold again? If not, more technical selling could break out, changing this long-running pattern. Data Source: S&amp;P Dow Jones Indices.Chart source: The&nbsp;thinkorswim® platform.&nbsp;<i>For illustrative purposes only. Past performance does not guarantee future results.</i></p><p><blockquote><b>每日图表：事情变化越多...</b>几周前，我们运行了标普500指数（SPX烛台）与其50天移动平均线（蓝线）的相同图表。从那以后没有太大变化。该指数仍较50日指数保持稳定溢价，并且已经一个多月没有接近测试该指数了。50日线现在略高于4000点，今年该指数每次测试它，结果都是强劲反弹。问题是，如果市场稍微抛售并测试这个重要的技术区域，它会再次站稳吗？否则，更多的技术性抛售可能会爆发，改变这种长期模式。数据来源：标准普尔道琼斯指数。图表来源：thinkorswim®平台。<i>仅用于说明目的。过去的表现并不能保证未来的结果。</i></blockquote></p><p> <b>Horse’s Mouth Time:</b>&nbsp;Something that might be worth paying attention to today is the Wall Street Journal’s CEO summit, which starts this morning and features interviews with&nbsp;<b>JP Morgan Chase</b>JPM 0.04%CEO Jamie Dimon,&nbsp;<b>Merck</b>MRK 0.03%Chairman and CEO Kenneth C. Frazier, and Treasury Secretary Janet Yellen.</p><p><blockquote><b>马嘴时间：</b>今天可能值得关注的是《华尔街日报》的首席执行官峰会，该峰会将于今天上午开始，其中包括对<b>摩根大通</b>摩根大通0.04%首席执行官杰米·戴蒙，<b>默克</b>MRK 0.03%董事长兼首席执行官肯尼思·弗雷泽(Kenneth C.Frazier)和财政部长珍妮特·耶伦(Janet Yellen)。</blockquote></p><p> Dimon’s going to be asked about the economic rebound and the markets, the WSJ said, but it might be interesting to see if they ask him any questions about the banking industry now that Q1 earnings are in the rearview mirror. Some analysts note that activity on Wall Street—especially on the&nbsp;Special Purpose Acquisition Company (SPAC)&nbsp;front—has slowed down slightly in Q2, and wonder if that means the sizzling investment banking revenues enjoyed by the industry in Q1 might not be as easy to scoop up this quarter. SPACs raised $82 billion last year, the WSJ reported.</p><p><blockquote>《华尔街日报》表示，戴蒙将被问及有关经济反弹和市场的问题，但既然第一季度收益已成为过去，看看他们是否会向他提出任何有关银行业的问题可能会很有趣。一些分析师指出，华尔街的活动——尤其是特殊目的收购公司(SPAC)方面——在第二季度略有放缓，并想知道这是否意味着该行业在第一季度享有的炙手可热的投资银行收入可能不会那么容易本季度上涨。据《华尔街日报》报道，SPAC去年筹集了820亿美元。</blockquote></p><p></p><p> <b>Earnings Come Down The Stretch With A&nbsp;Lead:</b>&nbsp;We’ve heard a lot of analysts say what a great earnings season it’s been, but it’s another thing to see the actual number plugged in. How does this sound? 45.8%. That’s the average S&amp;P 500 earnings growth with 60% of companies now reporting, according to research firm Factset. If it remains there or higher for the rest of the way, it will be the best earnings growth for a quarter since the economy was emerging from the financial crisis in early 2010. It also leaves analysts’ average estimate of 24% earnings growth going into the reporting period completely in the dust. In fact, 86% of companies are beating analyst estimates on earnings, and 78% on revenue, Factset says.</p><p><blockquote><b>盈利处于领先地位：</b>我们听到很多分析师说这是一个多么棒的财报季，但看到实际数字是另一回事。这听起来怎么样？45.8%.根据研究公司Factset的数据，这是标普500目前60%的公司报告的平均盈利增长。如果该指数在剩余时间内保持在该水平或更高，这将是自2010年初经济摆脱金融危机以来最好的季度盈利增长。这也让分析师对报告期内盈利增长24%的平均预期完全落空。Factset表示，事实上，86%的公司盈利超出了分析师预期，78%的公司收入超出了分析师预期。</blockquote></p><p> This all sounds good, but you’ll hear some naysayers tell you most of the strength in earnings was built into stock prices going in. Actually, that’s a bit of an exaggeration, and you can see that if you follow the 12-month forward price-to-earnings ratio for the S&amp;P 500. It’s now at 22, by Factset’s reckoning, and that’s down from nearly 24 at the start of 2021. Over the same year-to-date time frame, the S&amp;P Equal Weight 500 jumped 16.2%, research firm CFRA noted Monday (equal weight means each of the 500 companies in the index is given a fixed weight instead of the index being weighted by market cap). In other words, stocks have risen while valuations fell, which is a neat trick.</p><p><blockquote>这一切听起来都不错，但你会听到一些反对者告诉你，盈利的大部分优势都是由股价的上涨决定的。实际上，这有点夸张，如果你遵循标普500的12个月远期市盈率，你就可以看到这一点。根据Factset的计算，目前为22，低于2021年初的近24。研究公司CFRA周一指出，在今年迄今为止的同一时间范围内，标准普尔等权重500指数上涨了16.2%（等权重意味着指数中的500家公司中的每家都被赋予固定权重，而不是指数按市值加权）。换句话说，股票上涨，而估值下跌，这是一个巧妙的伎俩。</blockquote></p><p> <b>No Chips, No Ride:</b>&nbsp;Have you driven by a car dealership lately? If so, you may have noticed that everything seems more or less in place, except for the cars, that is—they’re missing. As we reported earlier this year, the semiconductor sector is undergoing a massive worldwide shortage. For car buyers, this may mean longer waits and higher prices. And by the way, new cars aren’t the only ones impacted by the shortage. The average price of used cars jumped 12.5% over the last year, according to the National Automobile Dealers Association.</p><p><blockquote><b>没有筹码，就没有游乐设施：</b>你最近开车经过汽车经销商吗？如果是这样，您可能已经注意到，除了汽车之外，一切似乎都或多或少就位了，也就是说，它们不见了。正如我们今年早些时候报道的那样，半导体行业正在经历全球范围内的大规模短缺。对于购车者来说，这可能意味着更长的等待时间和更高的价格。顺便说一句，新车并不是唯一受到短缺影响的汽车。根据全国汽车经销商协会的数据，二手车平均价格比去年上涨了12.5%。</blockquote></p><p> For automakers, however, this means wider sales, some even seeing record profits as vehicles are sold before they make it to the sales lot. Investors might want to keep an eye on companies like&nbsp;<b>General Motors</b>GM 2.48%,&nbsp;<b>Ford</b>F 1.98%, and other manufacturers to see how the chip shortage may be impacting their bottom lines. Might the shortage in rides be a ticket to ride the chip shortage to the upside?</p><p><blockquote>然而，对于汽车制造商来说，这意味着更广泛的销售，有些人甚至看到了创纪录的利润，因为车辆在进入销售现场之前就被售出。投资者可能需要关注以下公司<b>通用汽车</b>通用汽车2.48%，<b>福特</b>F 1.98%，以及其他制造商，了解芯片短缺可能如何影响他们的利润。游乐设施的短缺可能是利用芯片短缺的门票吗？</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179044309","content_text":"After racing into earnings season, stocks have basically treaded water the last two weeks. The S&P 500 Index (SPX) finished Monday less than 1% changed from mid-April when reporting season began.\nThat’s despite an amazing Q1 earnings performance by S&P 500 companies so far, with average earnings per share up more than 40%. With more than half of the reporting season done, 86% of companies have beaten earnings expectations, according to FactSet.\nWhen you accompany that with the lack of gains in major indices, you have to ask yourself how much of the good news was priced in. We were already at all-time highs ahead of the reporting period, so can the reality match the expectations?\nAnyway, this stall in forward progress isn’t something to be overly concerned about. We’re heading into summer, which tends to be a time of lighter volumes, but lighter volumes can mean good things as well.\nFor the next act, investors might have their eyes peeled on ride-sharing companies Lyft Technologies Inc.LYFT 4.39%and UberUBER 3.03%today and tomorrow to see if they can provide insight into reopening progress.\nSolid Reporting Season Continues With CVS, Pfizer\nBefore that, investors got another set of solid earnings news this morning as CVSCVS 3%and PfizerPFE 0.45%outran consensus expectations and raised guidance. PFE raised revenue guidance by 18% for the year, which is pretty impressive. Some of that is related to their Covid vaccine, but not all of it.\nTechnology—particularly the so-called “FAANG” sector of that group—appeared to be taking the worst of it early Tuesday. The Tech sector is by far the worst SPX performer over the last week even though earnings from most of the “mega-caps” in that sector looked solid. At the same time, cyclical sectors—think Financials and Energy—have led gains recently. It’s more along the lines of what we were seeing earlier this year before Tech made a move going into earnings season.\nCall it what you want: “Consolidation” is a word some people are using to describe this lack of direction in the markets amid a slowing news flow. The directionless trading appears to be extending into Tuesday, with major indices losing ground ahead of the opening bell and the closely-watched 10-year Treasury yield back at 1.6%, right in the middle of its recent range.\nStill, commodity prices—and not just the semiconductors we’ve talked about recently—are on the rise, with the Bloomberg Commodity Index ($BCOM) among those commodity benchmarks sitting on multi-year highs. Even if long-dated Treasury yields remain muted and the Fed sticks to its narrative of “transitory inflation” (see more below), commodities seem to be factoring in higher prices.\nVolatility is up slightly, too, not surprising considering the pressure on stocks. Keep an eye on the 20 level for the Cboe Volatility Index (VIX). We’re only slightly below that benchmark figure, and looking at forward contracts, the message looks like we’ll continue to bounce around for a while.\nEarnings Season About To Catch A Ride\nIt’s kind of fitting that “reopening” stocks led the way Monday in a week that features earnings fromUber Technologies Inc.UBER 3.03%andLyftLYFT 4.39%, two companies that would likely stand to benefit if people are getting out more. LYFT is expected to report today after the close and UBER is up to bat tomorrow after the close.\nBoth companies are apparently having some trouble finding drivers to meet all the new demand, kind of a good problem to have. However, it could be costly, with both having to spend more on driver incentives. There’s also a regulatory headwind after the U.S. Labor secretary told Reuters that many gig economy workers should be treated as employees.\nIf that ends up happening nationwide and UBER and LYFT have to treat drivers as employees instead of independent contractors, it seems that would substantially increase costs for these companies. However, that’s far from settled yet.\nIn the meantime, what investors probably want to know is whether LYFT and UBER were able to continue cutting their losses in Q1 after shrinking their annual net losses last time out. They’re still going to likely face tough comparisons on revenue because a lot of the 2020 quarter they’re comparing to took place before the pandemic hit last March.\nIn contrast, other big earnings reports over the coming days include some of the companies many investors embraced big time last year when the pandemic hit. We’re talking PelotonPTON 0.71%, PaypalPYPL 3.11%, ModernaMRNA 4.59%, SquareSQ 2.71%, and Roku Inc.ROKU 3.81%.  A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.\nIt’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.\nFresh Earnings Could Cast Light On Supply Shortages, Costs\nGetting back from the newest models to a veteran, General MotorsGM 2.48%reports tomorrow. Like other car companies, GM’s earnings call could offer an interesting perspective on the semiconductor chip shortage. FordF 1.98%said last week the problem is taking a greater toll on its business than previously expected and could put pressure on its operating results in the second half of the year. For more on how the chip shortage is affecting car makers, see below.\nSome of the supply shortages in chips and beyond might be playing out in the economic data this week. ISM manufacturing for April released on Monday came in below Wall Street’s expectations at 60.7%, down from 64.7% a month earlier. Supply chain disruptions and higher raw material costs might have played into the lower number.\nThe Fed has been saying inflation will be transitory, but we’ll see if they end up being right. A couple of weeks ago IntelINTC 1.77%said the chip shortage could last two years. President Biden’s infrastructure plan envisions more domestic production of these products, but you can’t turn on the assembly lines overnight, and there’s still no guarantee the entire bill as it exists now will become reality.\nIn other data to watch, the ISM non-manufacturing index for April is due Wednesday. Consensus on Wall Street is for a headline figure of 65.0%, up from 63.7% in March, according to research firm Briefing.com.\nOf course, the biggest report this week is Friday’s non-farm payrolls, where analysts expect a cool million new jobs created in April vs. 916,000 in March. We’ll dig into that a little more tomorrow, with some things worth watching in the report beyond that headline number. Stay tuned.\n\nCHART OF THE DAY:THE MORE THINGS CHANGE...A few weeks ago we ran this same chart of the S&P 500 Index (SPX—candlestick) vs. its 50-day moving average (blue line). Not much has changed since then. The index still holds a firm premium to the 50-day, and hasn’t come close to testing it in over a month. The 50-day is now just above 4000, and every time this year the index tested it, the result was a solid rebound. The question is, if the market sells off a bit and tests this important technical area, will it hold again? If not, more technical selling could break out, changing this long-running pattern. Data Source: S&P Dow Jones Indices.Chart source: The thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results.\nHorse’s Mouth Time: Something that might be worth paying attention to today is the Wall Street Journal’s CEO summit, which starts this morning and features interviews with JP Morgan ChaseJPM 0.04%CEO Jamie Dimon, MerckMRK 0.03%Chairman and CEO Kenneth C. Frazier, and Treasury Secretary Janet Yellen.\nDimon’s going to be asked about the economic rebound and the markets, the WSJ said, but it might be interesting to see if they ask him any questions about the banking industry now that Q1 earnings are in the rearview mirror. Some analysts note that activity on Wall Street—especially on the Special Purpose Acquisition Company (SPAC) front—has slowed down slightly in Q2, and wonder if that means the sizzling investment banking revenues enjoyed by the industry in Q1 might not be as easy to scoop up this quarter. SPACs raised $82 billion last year, the WSJ reported.\nEarnings Come Down The Stretch With A Lead: We’ve heard a lot of analysts say what a great earnings season it’s been, but it’s another thing to see the actual number plugged in. How does this sound? 45.8%. That’s the average S&P 500 earnings growth with 60% of companies now reporting, according to research firm Factset. If it remains there or higher for the rest of the way, it will be the best earnings growth for a quarter since the economy was emerging from the financial crisis in early 2010. It also leaves analysts’ average estimate of 24% earnings growth going into the reporting period completely in the dust. In fact, 86% of companies are beating analyst estimates on earnings, and 78% on revenue, Factset says.\nThis all sounds good, but you’ll hear some naysayers tell you most of the strength in earnings was built into stock prices going in. Actually, that’s a bit of an exaggeration, and you can see that if you follow the 12-month forward price-to-earnings ratio for the S&P 500. It’s now at 22, by Factset’s reckoning, and that’s down from nearly 24 at the start of 2021. Over the same year-to-date time frame, the S&P Equal Weight 500 jumped 16.2%, research firm CFRA noted Monday (equal weight means each of the 500 companies in the index is given a fixed weight instead of the index being weighted by market cap). In other words, stocks have risen while valuations fell, which is a neat trick.\nNo Chips, No Ride: Have you driven by a car dealership lately? If so, you may have noticed that everything seems more or less in place, except for the cars, that is—they’re missing. As we reported earlier this year, the semiconductor sector is undergoing a massive worldwide shortage. For car buyers, this may mean longer waits and higher prices. And by the way, new cars aren’t the only ones impacted by the shortage. The average price of used cars jumped 12.5% over the last year, according to the National Automobile Dealers Association.\nFor automakers, however, this means wider sales, some even seeing record profits as vehicles are sold before they make it to the sales lot. Investors might want to keep an eye on companies like General MotorsGM 2.48%, FordF 1.98%, and other manufacturers to see how the chip shortage may be impacting their bottom lines. Might the shortage in rides be a ticket to ride the chip shortage to the upside?","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102432749,"gmtCreate":1620229403181,"gmtModify":1634206800988,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/102432749","repostId":"1148686352","repostType":4,"repost":{"id":"1148686352","kind":"news","pubTimestamp":1620224535,"share":"https://www.laohu8.com/m/news/1148686352?lang=zh_CN&edition=full","pubTime":"2021-05-05 22:22","market":"us","language":"en","title":"This Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148686352","media":"benzinga","summary":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the ","content":"<p><div> What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time. Where The Market Was:The Dow finished the day at 30.02. What Else Was Going On In The World?In...</p><p><blockquote><div>怎么回事？1893年的这一天，美股遭遇了当时历史上最严重的盘中跌幅。市场位置：道琼斯指数当天收于30.02点。世界上还发生了什么？在……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>This Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</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\">\nThis Day In Market History: Panic Of 1893 Crashes Stock Market<blockquote>市场历史上的这一天：1893年的恐慌导致股市崩盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">benzinga</strong><span class=\"h-time small\">2021-05-05 22:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time. Where The Market Was:The Dow finished the day at 30.02. What Else Was Going On In The World?In...</p><p><blockquote><div>怎么回事？1893年的这一天，美股遭遇了当时历史上最严重的盘中跌幅。市场位置：道琼斯指数当天收于30.02点。世界上还发生了什么？在……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148686352","content_text":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.\nPanic Of 1893:On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.\nThe Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.\nThe May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.General Electric CompanyGE 0.34%shares dropped 28% on the day from $80 to $58.\nFortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.\nThe Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374828429,"gmtCreate":1619439608861,"gmtModify":1634273491053,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/374828429","repostId":"1115628548","repostType":4,"repost":{"id":"1115628548","kind":"news","pubTimestamp":1619435503,"share":"https://www.laohu8.com/m/news/1115628548?lang=zh_CN&edition=full","pubTime":"2021-04-26 19:11","market":"us","language":"en","title":"Warren Buffett Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115628548","media":"Motley Fool","summary":"Warren Buffett is an investing icon on Wall Street. Since taking the helm ofBerkshire Hathaway(NYSE:","content":"<p>Warren Buffett is an investing icon on Wall Street. Since taking the helm of<b>Berkshire Hathaway</b>(NYSE:BRK.A)(NYSE:BRK.B)in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for the<b>S&amp;P 500</b>of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&amp;P 500 by almost 2,800,000% in 56 years.</p><p><blockquote>沃伦·巴菲特是华尔街的投资偶像。自掌舵以来<b>伯克希尔哈撒韦</b>(NYSE：BRK.A)(NYSE：BRK.B)20世纪60年代中期，他带领公司股票的年化回报率达到了20%。这几乎使包括股息在内的总年回报率翻了一番<b>标普500</b>自1965年以来增长了10.2%。总体而言，巴菲特的公司在56年里的表现比广受关注的标普500高出近2,800,000%。</blockquote></p><p> What's interesting aboutBuffett's investing strategyis that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximatelya fifth of the Oracle of Omaha's portfoliohas been held for 15 or more years.</p><p><blockquote>巴菲特投资策略的有趣之处在于他让事情变得简单。他将研究重点放在少数几个行业，收购他认为具有可持续竞争优势的公司，最重要的是，长期持有这些业务，并让复利发挥其魔力。奥马哈先知大约五分之一的投资组合已持有15年或更长时间。</blockquote></p><p> However, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.</p><p><blockquote>然而，巴菲特控股的三家公司在任期内确实脱颖而出。在审查了美国人口普查局对2020年12月的人口估计后，上次伯克希尔哈撒韦公司没有持有这三只股票时，有1.123亿美国人甚至已经不在人世。</blockquote></p><p> Coca-Cola</p><p><blockquote>可口可乐</blockquote></p><p> If you want to talk about the power of compounding and conviction, look no further than Warren Buffett's holding in beverage giant<b>Coca-Cola</b>(NYSE:KO). Berkshire Hathaway has been afaithful holder of Coca-Cola stock since 1988.</p><p><blockquote>如果你想谈论复利和信念的力量，看看沃伦·巴菲特对饮料巨头的持股就知道了<b>可口可乐</b>（纽约证券交易所代码：KO）。自1988年以来，伯克希尔哈撒韦公司一直是可口可乐股票的忠实持有者。</blockquote></p><p> Aside from an insanely low cost basis, one of the reasons Buffett sticks with Coca-Cola is the company'sgeographic reach. With the exception of North Korea and Cuba, Coke's products can be found in every other country around the world. This means the company benefits from the steady cash flow and its 20% share of cold beverages in developed markets, as well as its 10% share and the juicier growth prospects of emerging market countries. All told, Coke has more than 20 beverage brands generating at least $1 billion in annual sales.</p><p><blockquote>除了极低的成本基础之外，巴菲特坚持可口可乐的原因之一是该公司的地理覆盖范围。除了朝鲜和古巴，可口可乐的产品在世界其他所有国家都可以找到。这意味着该公司受益于稳定的现金流和在发达市场冷饮20%的份额，以及新兴市场国家10%的份额和更多的增长前景。总而言之，可口可乐拥有20多个饮料品牌，年销售额至少为10亿美元。</blockquote></p><p> Coca-Cola's success can be attributed to its excellent marketing campaigns, too. The company has clear holiday tie-ins, can reach consumers via point-of-sale advertising, is pushing into digital ads, and has an army of well-known ambassadors. Coke is possibly the most well-recognize consumer goods brand in existence today.</p><p><blockquote>可口可乐的成功也可以归功于其出色的营销活动。该公司有明确的节日搭配，可以通过销售点广告接触消费者，正在进军数字广告，并拥有一支知名大使大军。可口可乐可能是当今最知名的消费品品牌。</blockquote></p><p> For Berkshire Hathaway, it's also a big-time moneymaker. With a cost basis of about $3.25 a share and an annual dividend payout of $1.68, Warren Buffett's yield on cost for Coca-Cola is 52%! No joke: Buffettdoubles his initial investment every two yearsfrom the dividend alone.</p><p><blockquote>对于伯克希尔哈撒韦公司来说，这也是一个巨大的赚钱机器。基于每股约3.25美元的成本基础和1.68美元的年度股息支付，沃伦·巴菲特对可口可乐的成本收益率为52%！不是开玩笑：巴菲特每两年仅股息就会使他的初始投资翻倍。</blockquote></p><p> Wells Fargo</p><p><blockquote>富国银行</blockquote></p><p> Another holding that's been in Berkshire Hathaway's portfolio longer than 112 million Americans have been alive is money-center bank<b>Wells Fargo</b>(NYSE:WFC). Even though the Oracle of Omaha and his teamhave dramatically reduced their company's stake in Wells Fargo, it's been a continuous holding since 1989.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中另一家持有时间超过1.12亿美国人在世时间的持股是货币中心银行<b>富国银行</b>（纽约证券交易所代码：WFC）。尽管这位奥马哈先知和他的团队大幅减少了公司在富国银行的股份，但自1989年以来一直持续持有富国银行的股份。</blockquote></p><p> There's no sector that Buffett thinks more highly of than financials, and no industry that's sought after more than banking. In an expansionary economy,bank stocksare money machines. They're generally growing their loan and deposit portfolio, and in a growing economy can often return a healthy portion of capital to shareholders via dividends and buybacks.</p><p><blockquote>巴菲特最看重的行业莫过于金融业，也没有哪个行业比银行业更受追捧。在扩张性经济中，银行股是赚钱机器。他们通常会增加贷款和存款组合，在经济增长的情况下，他们通常可以通过股息和回购向股东返还大量资本。</blockquote></p><p> Wells Fargo's niche has always been its ability to attract affluent clientele. Wealthier clients are more likely to take advantage of multiple Wells Fargo services, and they're less likely to lapse on their loan obligations or shift their spending habits during minor economic disruptions. They've long been the company's bread-and-butter growth driver.</p><p><blockquote>富国银行的利基一直是其吸引富裕客户的能力。富裕的客户更有可能利用富国银行的多种服务，并且在轻微的经济混乱期间，他们不太可能履行贷款义务或改变消费习惯。他们长期以来一直是公司的主要增长动力。</blockquote></p><p> But as noted, Buffett and his team have reduced their stake in Wells Fargo by 427 million shares, or about 89%, over the past four years. This probably has to do with the company admitting that3.5 million unauthorized accountswere opened between 2009 and 2016 as part of an aggressive cross-selling push at the branch level. Buffett is a big believer in earning and holding the trust of consumers and shareholders. With that trust broken following this admission, Buffett appears to be looking for greener pastures for his company's capital.</p><p><blockquote>但如前所述，巴菲特及其团队在过去四年中已减持富国银行4.27亿股，即约89%。这可能与该公司承认2009年至2016年间开设了350万个未经授权的账户有关，这是分行层面积极交叉销售的一部分。巴菲特非常相信赢得并保持消费者和股东的信任。随着这种信任在这一承认后被打破，巴菲特似乎正在为他的公司资本寻找更好的牧场。</blockquote></p><p> American Express</p><p><blockquote>美国运通</blockquote></p><p> The third longest-tenured stock in Berkshire Hathaway's portfolio is financial services giant<b>American Express</b>(NYSE:AXP), which has been a continuous holding since 1993. If you aren't at least 28 years old right now, you weren't alive the last time Buffett didn't own AmEx.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中任期第三长的股票是金融服务巨头<b>美国运通</b>（纽约证券交易所代码：AXP），自1993年以来一直持续持有。如果你现在还不到28岁，那么上次巴菲特不拥有美国运通时你就不在人世了。</blockquote></p><p> Like most payment processors, American Express is part of a numbers game that's very much in its favor over the long run. Even though recessions and contractions are a normal part of the economic cycle, periods of expansion tend to be measured in years, whereas recessions typically last a few months to a couple of quarters.</p><p><blockquote>与大多数支付处理商一样，美国运通是数字游戏的一部分，从长远来看，这对其非常有利。尽管衰退和收缩是经济周期的正常部分，但扩张期往往以年为单位，而衰退通常持续几个月到几个季度。</blockquote></p><p></p><p> American Express is also what we can call a double-dipper. It generates revenue from merchants by processing transactions and also brings in a separate channel of revenue by issuing credit cards to consumers and businesses. This allows the company to collect fees and interest income, but can also expose it to credit delinquencies during contractions and recessions.</p><p><blockquote>美国运通也是我们可以看涨期权的双杓。它通过处理交易从商家那里产生收入，也通过向消费者和企业发行信用卡带来单独的收入渠道。这使得该公司能够收取费用和利息收入，但也可能使其在收缩和衰退期间面临信贷拖欠。</blockquote></p><p> Like Wells Fargo, AmEx's secret sauce has long been itsconnection to affluent cardholders. Well-to-do customers are less likely to change their spending habits when minor economic hiccups arise, meaning American Express's cash flow tends to be a bit more secure than other credit card issuers.</p><p><blockquote>与富国银行一样，美国运通的秘诀长期以来一直是其与富裕持卡人的联系。当出现轻微的经济问题时，富裕的客户不太可能改变他们的消费习惯，这意味着美国运通的现金流往往比其他信用卡发卡机构更安全。</blockquote></p><p> With a cost basis of only $8.49 and an annual base payout of $1.72, Berkshire Hathaway isnetting a hearty 20% yield on cost with AmEx.</p><p><blockquote>伯克希尔哈撒韦公司的成本基础仅为8.49美元，年基本派息为1.72美元，与美国运通的成本收益率高达20%。</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>Warren Buffett Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</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 Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive<blockquote>沃伦·巴菲特持有这些股票的时间超过了1.12亿美国人在世的时间</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\">2021-04-26 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Warren Buffett is an investing icon on Wall Street. Since taking the helm of<b>Berkshire Hathaway</b>(NYSE:BRK.A)(NYSE:BRK.B)in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for the<b>S&amp;P 500</b>of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&amp;P 500 by almost 2,800,000% in 56 years.</p><p><blockquote>沃伦·巴菲特是华尔街的投资偶像。自掌舵以来<b>伯克希尔哈撒韦</b>(NYSE：BRK.A)(NYSE：BRK.B)20世纪60年代中期，他带领公司股票的年化回报率达到了20%。这几乎使包括股息在内的总年回报率翻了一番<b>标普500</b>自1965年以来增长了10.2%。总体而言，巴菲特的公司在56年里的表现比广受关注的标普500高出近2,800,000%。</blockquote></p><p> What's interesting aboutBuffett's investing strategyis that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximatelya fifth of the Oracle of Omaha's portfoliohas been held for 15 or more years.</p><p><blockquote>巴菲特投资策略的有趣之处在于他让事情变得简单。他将研究重点放在少数几个行业，收购他认为具有可持续竞争优势的公司，最重要的是，长期持有这些业务，并让复利发挥其魔力。奥马哈先知大约五分之一的投资组合已持有15年或更长时间。</blockquote></p><p> However, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.</p><p><blockquote>然而，巴菲特控股的三家公司在任期内确实脱颖而出。在审查了美国人口普查局对2020年12月的人口估计后，上次伯克希尔哈撒韦公司没有持有这三只股票时，有1.123亿美国人甚至已经不在人世。</blockquote></p><p> Coca-Cola</p><p><blockquote>可口可乐</blockquote></p><p> If you want to talk about the power of compounding and conviction, look no further than Warren Buffett's holding in beverage giant<b>Coca-Cola</b>(NYSE:KO). Berkshire Hathaway has been afaithful holder of Coca-Cola stock since 1988.</p><p><blockquote>如果你想谈论复利和信念的力量，看看沃伦·巴菲特对饮料巨头的持股就知道了<b>可口可乐</b>（纽约证券交易所代码：KO）。自1988年以来，伯克希尔哈撒韦公司一直是可口可乐股票的忠实持有者。</blockquote></p><p> Aside from an insanely low cost basis, one of the reasons Buffett sticks with Coca-Cola is the company'sgeographic reach. With the exception of North Korea and Cuba, Coke's products can be found in every other country around the world. This means the company benefits from the steady cash flow and its 20% share of cold beverages in developed markets, as well as its 10% share and the juicier growth prospects of emerging market countries. All told, Coke has more than 20 beverage brands generating at least $1 billion in annual sales.</p><p><blockquote>除了极低的成本基础之外，巴菲特坚持可口可乐的原因之一是该公司的地理覆盖范围。除了朝鲜和古巴，可口可乐的产品在世界其他所有国家都可以找到。这意味着该公司受益于稳定的现金流和在发达市场冷饮20%的份额，以及新兴市场国家10%的份额和更多的增长前景。总而言之，可口可乐拥有20多个饮料品牌，年销售额至少为10亿美元。</blockquote></p><p> Coca-Cola's success can be attributed to its excellent marketing campaigns, too. The company has clear holiday tie-ins, can reach consumers via point-of-sale advertising, is pushing into digital ads, and has an army of well-known ambassadors. Coke is possibly the most well-recognize consumer goods brand in existence today.</p><p><blockquote>可口可乐的成功也可以归功于其出色的营销活动。该公司有明确的节日搭配，可以通过销售点广告接触消费者，正在进军数字广告，并拥有一支知名大使大军。可口可乐可能是当今最知名的消费品品牌。</blockquote></p><p> For Berkshire Hathaway, it's also a big-time moneymaker. With a cost basis of about $3.25 a share and an annual dividend payout of $1.68, Warren Buffett's yield on cost for Coca-Cola is 52%! No joke: Buffettdoubles his initial investment every two yearsfrom the dividend alone.</p><p><blockquote>对于伯克希尔哈撒韦公司来说，这也是一个巨大的赚钱机器。基于每股约3.25美元的成本基础和1.68美元的年度股息支付，沃伦·巴菲特对可口可乐的成本收益率为52%！不是开玩笑：巴菲特每两年仅股息就会使他的初始投资翻倍。</blockquote></p><p> Wells Fargo</p><p><blockquote>富国银行</blockquote></p><p> Another holding that's been in Berkshire Hathaway's portfolio longer than 112 million Americans have been alive is money-center bank<b>Wells Fargo</b>(NYSE:WFC). Even though the Oracle of Omaha and his teamhave dramatically reduced their company's stake in Wells Fargo, it's been a continuous holding since 1989.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中另一家持有时间超过1.12亿美国人在世时间的持股是货币中心银行<b>富国银行</b>（纽约证券交易所代码：WFC）。尽管这位奥马哈先知和他的团队大幅减少了公司在富国银行的股份，但自1989年以来一直持续持有富国银行的股份。</blockquote></p><p> There's no sector that Buffett thinks more highly of than financials, and no industry that's sought after more than banking. In an expansionary economy,bank stocksare money machines. They're generally growing their loan and deposit portfolio, and in a growing economy can often return a healthy portion of capital to shareholders via dividends and buybacks.</p><p><blockquote>巴菲特最看重的行业莫过于金融业，也没有哪个行业比银行业更受追捧。在扩张性经济中，银行股是赚钱机器。他们通常会增加贷款和存款组合，在经济增长的情况下，他们通常可以通过股息和回购向股东返还大量资本。</blockquote></p><p> Wells Fargo's niche has always been its ability to attract affluent clientele. Wealthier clients are more likely to take advantage of multiple Wells Fargo services, and they're less likely to lapse on their loan obligations or shift their spending habits during minor economic disruptions. They've long been the company's bread-and-butter growth driver.</p><p><blockquote>富国银行的利基一直是其吸引富裕客户的能力。富裕的客户更有可能利用富国银行的多种服务，并且在轻微的经济混乱期间，他们不太可能履行贷款义务或改变消费习惯。他们长期以来一直是公司的主要增长动力。</blockquote></p><p> But as noted, Buffett and his team have reduced their stake in Wells Fargo by 427 million shares, or about 89%, over the past four years. This probably has to do with the company admitting that3.5 million unauthorized accountswere opened between 2009 and 2016 as part of an aggressive cross-selling push at the branch level. Buffett is a big believer in earning and holding the trust of consumers and shareholders. With that trust broken following this admission, Buffett appears to be looking for greener pastures for his company's capital.</p><p><blockquote>但如前所述，巴菲特及其团队在过去四年中已减持富国银行4.27亿股，即约89%。这可能与该公司承认2009年至2016年间开设了350万个未经授权的账户有关，这是分行层面积极交叉销售的一部分。巴菲特非常相信赢得并保持消费者和股东的信任。随着这种信任在这一承认后被打破，巴菲特似乎正在为他的公司资本寻找更好的牧场。</blockquote></p><p> American Express</p><p><blockquote>美国运通</blockquote></p><p> The third longest-tenured stock in Berkshire Hathaway's portfolio is financial services giant<b>American Express</b>(NYSE:AXP), which has been a continuous holding since 1993. If you aren't at least 28 years old right now, you weren't alive the last time Buffett didn't own AmEx.</p><p><blockquote>伯克希尔哈撒韦公司投资组合中任期第三长的股票是金融服务巨头<b>美国运通</b>（纽约证券交易所代码：AXP），自1993年以来一直持续持有。如果你现在还不到28岁，那么上次巴菲特不拥有美国运通时你就不在人世了。</blockquote></p><p> Like most payment processors, American Express is part of a numbers game that's very much in its favor over the long run. Even though recessions and contractions are a normal part of the economic cycle, periods of expansion tend to be measured in years, whereas recessions typically last a few months to a couple of quarters.</p><p><blockquote>与大多数支付处理商一样，美国运通是数字游戏的一部分，从长远来看，这对其非常有利。尽管衰退和收缩是经济周期的正常部分，但扩张期往往以年为单位，而衰退通常持续几个月到几个季度。</blockquote></p><p></p><p> American Express is also what we can call a double-dipper. It generates revenue from merchants by processing transactions and also brings in a separate channel of revenue by issuing credit cards to consumers and businesses. This allows the company to collect fees and interest income, but can also expose it to credit delinquencies during contractions and recessions.</p><p><blockquote>美国运通也是我们可以看涨期权的双杓。它通过处理交易从商家那里产生收入，也通过向消费者和企业发行信用卡带来单独的收入渠道。这使得该公司能够收取费用和利息收入，但也可能使其在收缩和衰退期间面临信贷拖欠。</blockquote></p><p> Like Wells Fargo, AmEx's secret sauce has long been itsconnection to affluent cardholders. Well-to-do customers are less likely to change their spending habits when minor economic hiccups arise, meaning American Express's cash flow tends to be a bit more secure than other credit card issuers.</p><p><blockquote>与富国银行一样，美国运通的秘诀长期以来一直是其与富裕持卡人的联系。当出现轻微的经济问题时，富裕的客户不太可能改变他们的消费习惯，这意味着美国运通的现金流往往比其他信用卡发卡机构更安全。</blockquote></p><p> With a cost basis of only $8.49 and an annual base payout of $1.72, Berkshire Hathaway isnetting a hearty 20% yield on cost with AmEx.</p><p><blockquote>伯克希尔哈撒韦公司的成本基础仅为8.49美元，年基本派息为1.72美元，与美国运通的成本收益率高达20%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/26/warren-buffett-has-owned-these-stocks-longer/\">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":{"AXP":"美国运通","KO":"可口可乐","WFC":"富国银行"},"source_url":"https://www.fool.com/investing/2021/04/26/warren-buffett-has-owned-these-stocks-longer/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115628548","content_text":"Warren Buffett is an investing icon on Wall Street. Since taking the helm ofBerkshire Hathaway(NYSE:BRK.A)(NYSE:BRK.B)in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for theS&P 500of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&P 500 by almost 2,800,000% in 56 years.\nWhat's interesting aboutBuffett's investing strategyis that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximatelya fifth of the Oracle of Omaha's portfoliohas been held for 15 or more years.\nHowever, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.\nCoca-Cola\nIf you want to talk about the power of compounding and conviction, look no further than Warren Buffett's holding in beverage giantCoca-Cola(NYSE:KO). Berkshire Hathaway has been afaithful holder of Coca-Cola stock since 1988.\nAside from an insanely low cost basis, one of the reasons Buffett sticks with Coca-Cola is the company'sgeographic reach. With the exception of North Korea and Cuba, Coke's products can be found in every other country around the world. This means the company benefits from the steady cash flow and its 20% share of cold beverages in developed markets, as well as its 10% share and the juicier growth prospects of emerging market countries. All told, Coke has more than 20 beverage brands generating at least $1 billion in annual sales.\nCoca-Cola's success can be attributed to its excellent marketing campaigns, too. The company has clear holiday tie-ins, can reach consumers via point-of-sale advertising, is pushing into digital ads, and has an army of well-known ambassadors. Coke is possibly the most well-recognize consumer goods brand in existence today.\nFor Berkshire Hathaway, it's also a big-time moneymaker. With a cost basis of about $3.25 a share and an annual dividend payout of $1.68, Warren Buffett's yield on cost for Coca-Cola is 52%! No joke: Buffettdoubles his initial investment every two yearsfrom the dividend alone.\nWells Fargo\nAnother holding that's been in Berkshire Hathaway's portfolio longer than 112 million Americans have been alive is money-center bankWells Fargo(NYSE:WFC). Even though the Oracle of Omaha and his teamhave dramatically reduced their company's stake in Wells Fargo, it's been a continuous holding since 1989.\nThere's no sector that Buffett thinks more highly of than financials, and no industry that's sought after more than banking. In an expansionary economy,bank stocksare money machines. They're generally growing their loan and deposit portfolio, and in a growing economy can often return a healthy portion of capital to shareholders via dividends and buybacks.\nWells Fargo's niche has always been its ability to attract affluent clientele. Wealthier clients are more likely to take advantage of multiple Wells Fargo services, and they're less likely to lapse on their loan obligations or shift their spending habits during minor economic disruptions. They've long been the company's bread-and-butter growth driver.\nBut as noted, Buffett and his team have reduced their stake in Wells Fargo by 427 million shares, or about 89%, over the past four years. This probably has to do with the company admitting that3.5 million unauthorized accountswere opened between 2009 and 2016 as part of an aggressive cross-selling push at the branch level. Buffett is a big believer in earning and holding the trust of consumers and shareholders. With that trust broken following this admission, Buffett appears to be looking for greener pastures for his company's capital.\nAmerican Express\nThe third longest-tenured stock in Berkshire Hathaway's portfolio is financial services giantAmerican Express(NYSE:AXP), which has been a continuous holding since 1993. If you aren't at least 28 years old right now, you weren't alive the last time Buffett didn't own AmEx.\nLike most payment processors, American Express is part of a numbers game that's very much in its favor over the long run. Even though recessions and contractions are a normal part of the economic cycle, periods of expansion tend to be measured in years, whereas recessions typically last a few months to a couple of quarters.\nAmerican Express is also what we can call a double-dipper. It generates revenue from merchants by processing transactions and also brings in a separate channel of revenue by issuing credit cards to consumers and businesses. This allows the company to collect fees and interest income, but can also expose it to credit delinquencies during contractions and recessions.\nLike Wells Fargo, AmEx's secret sauce has long been itsconnection to affluent cardholders. Well-to-do customers are less likely to change their spending habits when minor economic hiccups arise, meaning American Express's cash flow tends to be a bit more secure than other credit card issuers.\nWith a cost basis of only $8.49 and an annual base payout of $1.72, Berkshire Hathaway isnetting a hearty 20% yield on cost with AmEx.","news_type":1,"symbols_score_info":{"WFC":0.9,"KO":0.9,"AXP":0.9}},"isVote":1,"tweetType":1,"viewCount":1724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375695610,"gmtCreate":1619329963930,"gmtModify":1634274176619,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375695610","repostId":"2129804364","repostType":4,"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372176981,"gmtCreate":1619188285043,"gmtModify":1634287886402,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372176981","repostId":"1143062408","repostType":4,"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374821400,"gmtCreate":1619439538600,"gmtModify":1634273491633,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Nic2","listText":"Nic2","text":"Nic2","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/374821400","repostId":"1111949311","repostType":4,"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152925421,"gmtCreate":1625264867163,"gmtModify":1633942047414,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/152925421","repostId":"1133195819","repostType":4,"isVote":1,"tweetType":1,"viewCount":1617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122797776,"gmtCreate":1624632554395,"gmtModify":1633950266078,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122797776","repostId":"2146023165","repostType":4,"isVote":1,"tweetType":1,"viewCount":1317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168211825,"gmtCreate":1623976031367,"gmtModify":1634024986220,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168211825","repostId":"1198149770","repostType":4,"repost":{"id":"1198149770","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623974643,"share":"https://www.laohu8.com/m/news/1198149770?lang=zh_CN&edition=full","pubTime":"2021-06-18 08:04","market":"us","language":"en","title":"Adobe Q2 Earnings Beat Expectations<blockquote>Adobe第二季度盈利超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198149770","media":"Tiger Newspress","summary":"Adobe stock is trading higher late Thursday after the creative-software company posted better-than-e","content":"<p>Adobe stock is trading higher late Thursday after the creative-software company posted better-than-expected results for its fiscal second quarter ended June 4.</p><p><blockquote>Adobe股价周四晚间走高，此前这家创意软件公司公布了截至6月4日的第二财季业绩好于预期。</blockquote></p><p> For the quarter, Adobe (ticker: ADBE) reported revenue of $3.84 billion, up 23% from a year ago, and ahead of the company’s forecast of $3.72 billion. Non-GAAP profits were $3.03 a share, ahead of the company’s projection of $2.81 a share. Under generally accepted accounting principles, Adobe earned $2.32 a share.</p><p><blockquote>Adobe（股票代码：ADBE）报告本季度营收为38.4亿美元，同比增长23%，高于该公司预期的37.2亿美元。非GAAP利润为每股3.03美元，高于公司预期的每股2.81美元。根据公认会计原则，Adobe每股盈利2.32美元。</blockquote></p><p> Adobe stock rose 2.7%&nbsp;to $566&nbsp;in extended trading.</p><p><blockquote>Adobe股价在盘后交易中上涨2.7%至566美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28b7cdf0a510d12cc43d7e44330be797\" tg-width=\"1302\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p> Adobe’s results were above expectations in every segment. Digital Media revenue was $2.79 billion, up 25%, and four points better than the company’s guidance. That includes creative revenue of $2.32 billion, up 24%, and document cloud revenue of $496 million, up 30%.</p><p><blockquote>Adobe在每个领域的业绩都超出了预期。数字媒体收入为27.9亿美元，增长25%，比公司指引高出4个百分点。其中创意收入23.2亿美元，增长24%，文档云收入4.96亿美元，增长30%。</blockquote></p><p> Digital Experience segment revenue was $938 million, up 21%, and three points better than the company’s target for 18% growth.</p><p><blockquote>数字体验部门收入为9.38亿美元，增长21%，比公司18%增长的目标高出3个百分点。</blockquote></p><p> The company also said it bought back about 2.1 million shares in the quarter.</p><p><blockquote>该公司还表示，本季度回购了约210万股股票。</blockquote></p><p> For the fiscal third quarter, Adobe sees revenue of $3.88 billion, slightly higher than the Street consensus forecast of $3.83 billion, with non-GAAP profits of $3 a share, above the Street consensus estimate for $2.89 a share. The company sees growth in the quarter of 21% in the digital experience segment, and 25% in digital experience.</p><p><blockquote>Adobe预计第三财季营收为38.8亿美元，略高于华尔街普遍预期的38.3亿美元，非GAAP每股利润为3美元，高于华尔街普遍预期的每股2.89美元。该公司预计本季度数字体验领域增长21%，数字体验领域增长25%。</blockquote></p><p> “Adobe had an outstanding second quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform work, learn and play in a digital-first world,” Adobe CEO Shantanu Narayen said in a statement.</p><p><blockquote>Adobe首席执行官Shantanu Narayen在一份声明中表示：“随着Creative Cloud、Document Cloud和Experience Cloud继续改变数字优先世界中的工作、学习和娱乐，Adobe第二季度表现出色。”</blockquote></p><p> Chief Financial Officer John Murphy added in a statement that “the large market opportunity and momentum we are seeing across our creative, document and customer experience management businesses position us well to deliver another record year.”</p><p><blockquote>首席财务官约翰·墨菲(John Murphy)在一份声明中补充道：“我们在创意、文档和客户体验管理业务中看到的巨大市场机会和势头使我们能够再创历史新高。”</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>Adobe Q2 Earnings Beat Expectations<blockquote>Adobe第二季度盈利超出预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Q2 Earnings Beat Expectations<blockquote>Adobe第二季度盈利超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-18 08:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Adobe stock is trading higher late Thursday after the creative-software company posted better-than-expected results for its fiscal second quarter ended June 4.</p><p><blockquote>Adobe股价周四晚间走高，此前这家创意软件公司公布了截至6月4日的第二财季业绩好于预期。</blockquote></p><p> For the quarter, Adobe (ticker: ADBE) reported revenue of $3.84 billion, up 23% from a year ago, and ahead of the company’s forecast of $3.72 billion. Non-GAAP profits were $3.03 a share, ahead of the company’s projection of $2.81 a share. Under generally accepted accounting principles, Adobe earned $2.32 a share.</p><p><blockquote>Adobe（股票代码：ADBE）报告本季度营收为38.4亿美元，同比增长23%，高于该公司预期的37.2亿美元。非GAAP利润为每股3.03美元，高于公司预期的每股2.81美元。根据公认会计原则，Adobe每股盈利2.32美元。</blockquote></p><p> Adobe stock rose 2.7%&nbsp;to $566&nbsp;in extended trading.</p><p><blockquote>Adobe股价在盘后交易中上涨2.7%至566美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28b7cdf0a510d12cc43d7e44330be797\" tg-width=\"1302\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p> Adobe’s results were above expectations in every segment. Digital Media revenue was $2.79 billion, up 25%, and four points better than the company’s guidance. That includes creative revenue of $2.32 billion, up 24%, and document cloud revenue of $496 million, up 30%.</p><p><blockquote>Adobe在每个领域的业绩都超出了预期。数字媒体收入为27.9亿美元，增长25%，比公司指引高出4个百分点。其中创意收入23.2亿美元，增长24%，文档云收入4.96亿美元，增长30%。</blockquote></p><p> Digital Experience segment revenue was $938 million, up 21%, and three points better than the company’s target for 18% growth.</p><p><blockquote>数字体验部门收入为9.38亿美元，增长21%，比公司18%增长的目标高出3个百分点。</blockquote></p><p> The company also said it bought back about 2.1 million shares in the quarter.</p><p><blockquote>该公司还表示，本季度回购了约210万股股票。</blockquote></p><p> For the fiscal third quarter, Adobe sees revenue of $3.88 billion, slightly higher than the Street consensus forecast of $3.83 billion, with non-GAAP profits of $3 a share, above the Street consensus estimate for $2.89 a share. The company sees growth in the quarter of 21% in the digital experience segment, and 25% in digital experience.</p><p><blockquote>Adobe预计第三财季营收为38.8亿美元，略高于华尔街普遍预期的38.3亿美元，非GAAP每股利润为3美元，高于华尔街普遍预期的每股2.89美元。该公司预计本季度数字体验领域增长21%，数字体验领域增长25%。</blockquote></p><p> “Adobe had an outstanding second quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform work, learn and play in a digital-first world,” Adobe CEO Shantanu Narayen said in a statement.</p><p><blockquote>Adobe首席执行官Shantanu Narayen在一份声明中表示：“随着Creative Cloud、Document Cloud和Experience Cloud继续改变数字优先世界中的工作、学习和娱乐，Adobe第二季度表现出色。”</blockquote></p><p> Chief Financial Officer John Murphy added in a statement that “the large market opportunity and momentum we are seeing across our creative, document and customer experience management businesses position us well to deliver another record year.”</p><p><blockquote>首席财务官约翰·墨菲(John Murphy)在一份声明中补充道：“我们在创意、文档和客户体验管理业务中看到的巨大市场机会和势头使我们能够再创历史新高。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198149770","content_text":"Adobe stock is trading higher late Thursday after the creative-software company posted better-than-expected results for its fiscal second quarter ended June 4.\nFor the quarter, Adobe (ticker: ADBE) reported revenue of $3.84 billion, up 23% from a year ago, and ahead of the company’s forecast of $3.72 billion. Non-GAAP profits were $3.03 a share, ahead of the company’s projection of $2.81 a share. Under generally accepted accounting principles, Adobe earned $2.32 a share.\nAdobe stock rose 2.7% to $566 in extended trading.\n\nAdobe’s results were above expectations in every segment. Digital Media revenue was $2.79 billion, up 25%, and four points better than the company’s guidance. That includes creative revenue of $2.32 billion, up 24%, and document cloud revenue of $496 million, up 30%.\nDigital Experience segment revenue was $938 million, up 21%, and three points better than the company’s target for 18% growth.\nThe company also said it bought back about 2.1 million shares in the quarter.\nFor the fiscal third quarter, Adobe sees revenue of $3.88 billion, slightly higher than the Street consensus forecast of $3.83 billion, with non-GAAP profits of $3 a share, above the Street consensus estimate for $2.89 a share. The company sees growth in the quarter of 21% in the digital experience segment, and 25% in digital experience.\n“Adobe had an outstanding second quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform work, learn and play in a digital-first world,” Adobe CEO Shantanu Narayen said in a statement.\nChief Financial Officer John Murphy added in a statement that “the large market opportunity and momentum we are seeing across our creative, document and customer experience management businesses position us well to deliver another record year.”","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":2032,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163559778,"gmtCreate":1623889679294,"gmtModify":1634026439366,"author":{"id":"3582186464195509","authorId":"3582186464195509","name":"NatLes","avatar":"https://static.tigerbbs.com/7b43caad3f66e096e80cd51903169d84","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186464195509","authorIdStr":"3582186464195509"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163559778","repostId":"1191044253","repostType":4,"isVote":1,"tweetType":1,"viewCount":2166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}