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2021-06-15

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Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>

2021-08-08

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SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>

2021-09-03

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2021-08-19

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Stocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</blockquote>

2021-06-01

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2021-05-17

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2021-08-06

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2021-07-30

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2021-07-21

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2021-08-18

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Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</blockquote>

2021-07-07

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2021-08-27

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2021-07-25

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Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>

2021-07-10

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2021-07-07

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2021-06-16

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General Motors shares surges more than 3% in moring trading<blockquote>通用汽车股价早盘飙升逾3%</blockquote>

2021-06-10

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2021-06-03

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2021-05-30

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2021-05-26

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and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879396619","repostId":"2182606257","repostType":2,"repost":{"id":"2182606257","kind":"news","pubTimestamp":1636666860,"share":"https://www.laohu8.com/m/news/2182606257?lang=zh_CN&edition=full","pubTime":"2021-11-12 05:41","market":"sh","language":"zh","title":"外媒头条：市值突破千亿！Rivian上市次日再度飙升","url":"https://stock-news.laohu8.com/highlight/detail?id=2182606257","media":"新浪财经","summary":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、为什么经济学家低估了美国通胀的爆发力和耐力？\n\n\n2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n\n\n3、又一波新冠疫情来袭 美国中西部医院I","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、为什么经济学家低估了美国通胀的爆发力和耐力？</b>\n</blockquote>\n<blockquote>\n <b>2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最</b>\n</blockquote>\n<blockquote>\n <b>3、又一波新冠疫情来袭 美国中西部医院ICU人满为患</b>\n</blockquote>\n<blockquote>\n <b>4、“<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越<a href=\"https://laohu8.com/S/GM\">通用汽车</a></b>\n</blockquote>\n<blockquote>\n <b>5、改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨</b>\n</blockquote>\n<blockquote>\n <b>6、<a href=\"https://laohu8.com/S/DIS\">迪士尼</a>股价创18个月最大跌幅 因流媒体服务业务放缓</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/5dbc3fa747a5e8746ac0c3f61f34757e\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>为什么经济学家低估了美国通胀的爆发力和耐力？</b></p>\n<p>卷土重来的疫情、脆弱的全球供应网络和刺激政策充实的消费者荷包，共同推动美国物价涨幅远超华尔街和决策者的预期。经济学家也明白了该谦虚的时候要谦虚。</p>\n<p>本周三发布的最新通胀数据显示，10月份消费物价同比上涨6.2%，高于所有预测。以前的物价上涨更多因为经济重新开放，而10月的数据却显示了广泛的通胀压力。</p>\n<p><a href=\"https://laohu8.com/S/DB\">德意志银行</a>首席美国经济学家Matthew Luzzetti说，过去一年，预测通胀“非常具有挑战性，”未来也依然很难。“现在这个时候，谁都别以为自己已经考虑了足够的价格压力，通胀前景的风险仍然偏向上行。”</p>\n<p>自年初以来，经济学家被迫提高了对消费价格涨幅的预测。曾经，通胀被视为某种幻觉，是所谓的基期效应扭曲了数字。但结果证明，这是个更加长期的问题。</p>\n<p><img src=\"https://static.tigerbbs.com/0de9807e60befbc92e727c2b27cd2f47\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>美债市场遍布地雷 凶险程度达到疫情爆发以来之最</b></p>\n<p>美国国债市场过去一个月已成为雷区。</p>\n<p>随着全球债券交易员努力迫使央行出手应对高通胀，债市异常的震荡让他们自己也损失不小。由此仿佛陷入一个恶性循环，不愿入市令债市流动性减少，价格更易大幅波动，这进而又阻止了人们入市的脚步。</p>\n<p>美国政府证券流动性指数显示，美国国债目前的交易状况为2020年3月以来最糟。该指数衡量收益率偏离公允价值模型的程度。至于预期波动率，跟踪美国国债的ICE<a href=\"https://laohu8.com/S/BAC\">美国银行</a>MOVE指数目前接近2020年4月以来最高水平。</p>\n<p>美联储11月3日宣布计划每月减少购买800亿美元美国国债，目标是到明年年中结束购债行动。主席鲍威尔重申该减码时间表对于加息时间没有指示意义，必要情况下联储会果断对“通胀”采取行动。周三美国公布的10月CPI涨幅超过预期，美债市场遭遇2月以来最大抛盘。</p>\n<p><img src=\"https://static.tigerbbs.com/17bb143298d36f6743808a411697ad14\" tg-width=\"550\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>又一波新冠疫情来袭 美国中西部医院ICU人满为患</b></p>\n<p>美国部分地区的医院已经开始看到新冠疫情秋季浪潮的影响，这个最新迹象表明，即使是在疫苗接种率相对较高的地区，医疗系统仍然面临来自新冠病毒的巨大压力。</p>\n<p>在12个州，Covid-19患者使用的重症监护床位比两周前有所攀升，这些州大多数位于南起亚利桑那州和新墨西哥州，北至明尼苏达州，跨越北美大平原的连续地带上。在西部几个州，许多医生和护士还没有从上一轮感染高峰中缓过气来。</p>\n<p>“我们已经满负荷运转，（直到几天前）都无法让病人转院，” 科罗拉多州偏远的Moffat县农村地区医院Memorial Hospital的手术副总裁Jennifer Riley说。“很难相信疫情已经持续了这么久。”该医院有大约25张床位。</p>\n<p>美国未来数月面临着不确定性，随着传统的冬季病毒传染高峰期来临，德尔塔变异毒株仍在全国范围内蔓延。美国许多地区也经历了异常温暖的秋季，尚未看到当寒冷的天气促使人们更多呆在室内、病毒更容易传播时会发生什么状况。</p>\n<p><img src=\"https://static.tigerbbs.com/1558ffa4bade529e0653078064a84267\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车</b></p>\n<p>电动汽车初创公司Rivian股价周四继续攀升，在上市一天后再度大涨约23%。</p>\n<p>这家<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>和福特支持的公司的市值已经超过<a href=\"https://laohu8.com/S/F\">福特汽车</a>和通用汽车，目前超过1000亿美元。不过这仍然远远落后于特斯拉逾1万亿美元的市值。</p>\n<p>截至发稿，通用汽车的市值为888亿美元，而福特的市值为776亿美元。</p>\n<p>Rivian当前的市值意味着亚马逊在该公司20%的股份现价值约210亿美元，而福特持有的12%股份价值超过120亿美元。</p>\n<p>鉴于Rivian还没有成熟的商业模式，并预计三季度营收最高仅为100万美元，因此该股两日的涨幅尤其惊人。该公司在招股说明书中表示，预计当季亏损将高达12.8亿美元。</p>\n<p>Rivian凭借全电动皮卡在市场上击败了竞争对手，但尚未大规模生产其车辆。</p>\n<p><img src=\"https://static.tigerbbs.com/703c35767cc066ea313d043ed964d5ae\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨</b></p>\n<p>曼哈顿的公寓租金正在以创纪录速度上涨，因为准备重返办公室的人们纷纷在曼哈顿寻找条件更好的住所。</p>\n<p>评估公司Miller Samuel Inc．和中介公司Douglas Elliman Real Estate在周四的一份报告中表示，10月份租金中位数达到3382美元，同比上涨18%。这是10年前有数据以来最大同比涨幅；不过，租金中位数绝对值仍低于2019年10月的3409美元。</p>\n<p>Miller Samuel总裁Jonathan Miller说，那些无缘在郊区购房的公寓租户发现，他们可以转而在市内租下更好的房子。还有人则在办公室附近找到房子，为最终不得不回办公室上班做准备。</p>\n<p>“越来越多的人理解了自己想要住的地方和雇主希望他们工作的地方之间的关系，”Miller说。</p>\n<p><img src=\"https://static.tigerbbs.com/4a8b70e558184105f6ced2b1ee484691\" tg-width=\"533\" tg-height=\"300\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>迪士尼股价创18个月最大跌幅 因流媒体服务业务放缓</b></p>\n<p>迪士尼股价创疫情爆发以来最大跌幅，之前该公司报告流媒体用户增长低于预期，引发投资者对连续两年火爆之后增长放缓的担忧。</p>\n<p>迪士尼股价周四早盘一度下跌9.2%，为2020年3月以来最大盘中跌幅。此番下跌导致该公司市值低于竞争对手Netflix&nbsp;Inc．。流媒体的不足只是该公司各业务部门当季普遍令人失望的缩影。</p>\n<p>该公司周三公告称，Disney+在第四财季新增210万用户，其用户总数达到1.181亿。接受彭博调查的分析师预测为1.196亿。这是该服务两年前推出以来的最小季度增幅。</p>\n<p>迪士尼已将这个家庭流媒体产品作为未来几年增长的重点，管理层重申了到2024年拥有2.6亿用户的目标。11月12日是月费8美元的Disney+上线两周年纪念日，该公司正在举行庆祝活动，在全公司范围内推出新电影和促销活动。</p>","source":"sina","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>外媒头条：市值突破千亿！Rivian上市次日再度飙升</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n外媒头条：市值突破千亿！Rivian上市次日再度飙升\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 05:41 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-11-12/doc-iktzscyy5039074.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、为什么经济学家低估了美国通胀的爆发力和耐力？\n\n\n2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n\n\n3、又一波新冠疫情来袭 美国中西部医院ICU人满为患\n\n\n4、“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车\n\n\n5、改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨\n\n\n6、迪士尼股价创18个月最大跌幅...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-11-12/doc-iktzscyy5039074.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37d8ba54faa1a9d08aed79d6e8240d1f","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","RIVN":"Rivian Automotive, Inc."},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-11-12/doc-iktzscyy5039074.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2182606257","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、为什么经济学家低估了美国通胀的爆发力和耐力？\n\n\n2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n\n\n3、又一波新冠疫情来袭 美国中西部医院ICU人满为患\n\n\n4、“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车\n\n\n5、改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨\n\n\n6、迪士尼股价创18个月最大跌幅 因流媒体服务业务放缓\n\n\n为什么经济学家低估了美国通胀的爆发力和耐力？\n卷土重来的疫情、脆弱的全球供应网络和刺激政策充实的消费者荷包，共同推动美国物价涨幅远超华尔街和决策者的预期。经济学家也明白了该谦虚的时候要谦虚。\n本周三发布的最新通胀数据显示，10月份消费物价同比上涨6.2%，高于所有预测。以前的物价上涨更多因为经济重新开放，而10月的数据却显示了广泛的通胀压力。\n德意志银行首席美国经济学家Matthew Luzzetti说，过去一年，预测通胀“非常具有挑战性，”未来也依然很难。“现在这个时候，谁都别以为自己已经考虑了足够的价格压力，通胀前景的风险仍然偏向上行。”\n自年初以来，经济学家被迫提高了对消费价格涨幅的预测。曾经，通胀被视为某种幻觉，是所谓的基期效应扭曲了数字。但结果证明，这是个更加长期的问题。\n\n美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n美国国债市场过去一个月已成为雷区。\n随着全球债券交易员努力迫使央行出手应对高通胀，债市异常的震荡让他们自己也损失不小。由此仿佛陷入一个恶性循环，不愿入市令债市流动性减少，价格更易大幅波动，这进而又阻止了人们入市的脚步。\n美国政府证券流动性指数显示，美国国债目前的交易状况为2020年3月以来最糟。该指数衡量收益率偏离公允价值模型的程度。至于预期波动率，跟踪美国国债的ICE美国银行MOVE指数目前接近2020年4月以来最高水平。\n美联储11月3日宣布计划每月减少购买800亿美元美国国债，目标是到明年年中结束购债行动。主席鲍威尔重申该减码时间表对于加息时间没有指示意义，必要情况下联储会果断对“通胀”采取行动。周三美国公布的10月CPI涨幅超过预期，美债市场遭遇2月以来最大抛盘。\n\n又一波新冠疫情来袭 美国中西部医院ICU人满为患\n美国部分地区的医院已经开始看到新冠疫情秋季浪潮的影响，这个最新迹象表明，即使是在疫苗接种率相对较高的地区，医疗系统仍然面临来自新冠病毒的巨大压力。\n在12个州，Covid-19患者使用的重症监护床位比两周前有所攀升，这些州大多数位于南起亚利桑那州和新墨西哥州，北至明尼苏达州，跨越北美大平原的连续地带上。在西部几个州，许多医生和护士还没有从上一轮感染高峰中缓过气来。\n“我们已经满负荷运转，（直到几天前）都无法让病人转院，” 科罗拉多州偏远的Moffat县农村地区医院Memorial Hospital的手术副总裁Jennifer Riley说。“很难相信疫情已经持续了这么久。”该医院有大约25张床位。\n美国未来数月面临着不确定性，随着传统的冬季病毒传染高峰期来临，德尔塔变异毒株仍在全国范围内蔓延。美国许多地区也经历了异常温暖的秋季，尚未看到当寒冷的天气促使人们更多呆在室内、病毒更容易传播时会发生什么状况。\n\n“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车\n电动汽车初创公司Rivian股价周四继续攀升，在上市一天后再度大涨约23%。\n这家亚马逊和福特支持的公司的市值已经超过福特汽车和通用汽车，目前超过1000亿美元。不过这仍然远远落后于特斯拉逾1万亿美元的市值。\n截至发稿，通用汽车的市值为888亿美元，而福特的市值为776亿美元。\nRivian当前的市值意味着亚马逊在该公司20%的股份现价值约210亿美元，而福特持有的12%股份价值超过120亿美元。\n鉴于Rivian还没有成熟的商业模式，并预计三季度营收最高仅为100万美元，因此该股两日的涨幅尤其惊人。该公司在招股说明书中表示，预计当季亏损将高达12.8亿美元。\nRivian凭借全电动皮卡在市场上击败了竞争对手，但尚未大规模生产其车辆。\n\n改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨\n曼哈顿的公寓租金正在以创纪录速度上涨，因为准备重返办公室的人们纷纷在曼哈顿寻找条件更好的住所。\n评估公司Miller Samuel Inc．和中介公司Douglas Elliman Real Estate在周四的一份报告中表示，10月份租金中位数达到3382美元，同比上涨18%。这是10年前有数据以来最大同比涨幅；不过，租金中位数绝对值仍低于2019年10月的3409美元。\nMiller Samuel总裁Jonathan Miller说，那些无缘在郊区购房的公寓租户发现，他们可以转而在市内租下更好的房子。还有人则在办公室附近找到房子，为最终不得不回办公室上班做准备。\n“越来越多的人理解了自己想要住的地方和雇主希望他们工作的地方之间的关系，”Miller说。\n\n迪士尼股价创18个月最大跌幅 因流媒体服务业务放缓\n迪士尼股价创疫情爆发以来最大跌幅，之前该公司报告流媒体用户增长低于预期，引发投资者对连续两年火爆之后增长放缓的担忧。\n迪士尼股价周四早盘一度下跌9.2%，为2020年3月以来最大盘中跌幅。此番下跌导致该公司市值低于竞争对手Netflix Inc．。流媒体的不足只是该公司各业务部门当季普遍令人失望的缩影。\n该公司周三公告称，Disney+在第四财季新增210万用户，其用户总数达到1.181亿。接受彭博调查的分析师预测为1.196亿。这是该服务两年前推出以来的最小季度增幅。\n迪士尼已将这个家庭流媒体产品作为未来几年增长的重点，管理层重申了到2024年拥有2.6亿用户的目标。11月12日是月费8美元的Disney+上线两周年纪念日，该公司正在举行庆祝活动，在全公司范围内推出新电影和促销活动。","news_type":1,"symbols_score_info":{".SPX":0.9,"RIVN":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":815925882,"gmtCreate":1630637264046,"gmtModify":1631890622590,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/837564345","repostId":"2162087564","repostType":4,"isVote":1,"tweetType":1,"viewCount":2969,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834550907,"gmtCreate":1629814892109,"gmtModify":1631890622592,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Iike and comment pls&nbsp;","listText":"Iike and comment pls&nbsp;","text":"Iike and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/834550907","repostId":"1127577175","repostType":4,"repost":{"id":"1127577175","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":1629814583,"share":"https://www.laohu8.com/m/news/1127577175?lang=zh_CN&edition=full","pubTime":"2021-08-24 22:16","market":"us","language":"en","title":"Airbnb shares surged more than 7%<blockquote>爱彼迎股价大涨超7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127577175","media":"Tiger Newspress","summary":"Airbnb shares rose more than 7%, the largest increase in the market in five months.Airbnb is plannin","content":"<p>Airbnb shares rose more than 7%, the largest increase in the market in five months.Airbnb&nbsp;is planning to start housing 20,000 Afghan refugees around the world free of charge, the company’s CEO, Brian Chesky, said Tuesday.</p><p><blockquote>爱彼迎股价涨超7%，创五个月来最大涨幅。该公司首席执行官Brian Chesky周二表示，爱彼迎计划开始在全球免费安置2万名阿富汗难民。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/65034bef90f1a86ce2291e5d30ee9e64\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Shares of Airbnb are down 2.1% this year, but shareholders shouldn’t be concerned, according to investment firm Susquehanna.</p><p><blockquote>投资公司Susquehanna表示，爱彼迎股价今年下跌了2.1%，但股东不必担心。</blockquote></p><p> In fact, the firm says now is the time to buy shares of the online travel website company.</p><p><blockquote>事实上，该公司表示现在是购买在线旅游网站公司股票的时候了。</blockquote></p><p> “We still like it despite volatility from COVID variants,” analyst Shyam Patil said after the company’s recent earnings.</p><p><blockquote>分析师希亚姆·帕蒂尔(Shyam Patil)在该公司最近发布财报后表示：“尽管新冠病毒变种带来了波动，但我们仍然喜欢它。”</blockquote></p><p> “ABNB again blew out expectations in 2Q, driven by a huge increase in travel demand,” he added.</p><p><blockquote>“在旅行需求大幅增长的推动下，ABNB在第二季度再次超出了预期，”他补充道。</blockquote></p><p> While the company warned in it earnings call about the uncertainty surrounding the variants, Patil was undeterred.</p><p><blockquote>尽管该公司在财报看涨期权上就这些变体的不确定性发出警告，但帕蒂尔并没有被吓倒。</blockquote></p><p> “Although COVID-19 continues to provide substantial headwinds to both ABNB and the travel industry as a whole, ABNB is showing strong signs of recovery — gross bookings grew 37% over 2Q19 levels,” he wrote.</p><p><blockquote>他写道：“尽管COVID-19继续给ABNB和整个旅游业带来巨大阻力，但ABNB正显示出强劲的复苏迹象——总预订量比2019年第二季度增长了37%。”</blockquote></p><p> Patil also predicted that Airbnb could see its highest quarterly revenue ever for the third quarter.</p><p><blockquote>帕蒂尔还预测，爱彼迎第三季度可能会创下有史以来最高的季度收入。</blockquote></p><p> “That being said, we view ABNB a must-own stock for the recovery given its strong positioning and promising long-term opportunity,” the firm said.</p><p><blockquote>该公司表示：“话虽如此，鉴于ABNB的强劲定位和充满希望的长期机会，我们认为ABNB是复苏中必须持有的股票。”</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>Airbnb shares surged more than 7%<blockquote>爱彼迎股价大涨超7%</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirbnb shares surged more than 7%<blockquote>爱彼迎股价大涨超7%</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\">2021-08-24 22:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Airbnb shares rose more than 7%, the largest increase in the market in five months.Airbnb&nbsp;is planning to start housing 20,000 Afghan refugees around the world free of charge, the company’s CEO, Brian Chesky, said Tuesday.</p><p><blockquote>爱彼迎股价涨超7%，创五个月来最大涨幅。该公司首席执行官Brian Chesky周二表示，爱彼迎计划开始在全球免费安置2万名阿富汗难民。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/65034bef90f1a86ce2291e5d30ee9e64\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Shares of Airbnb are down 2.1% this year, but shareholders shouldn’t be concerned, according to investment firm Susquehanna.</p><p><blockquote>投资公司Susquehanna表示，爱彼迎股价今年下跌了2.1%，但股东不必担心。</blockquote></p><p> In fact, the firm says now is the time to buy shares of the online travel website company.</p><p><blockquote>事实上，该公司表示现在是购买在线旅游网站公司股票的时候了。</blockquote></p><p> “We still like it despite volatility from COVID variants,” analyst Shyam Patil said after the company’s recent earnings.</p><p><blockquote>分析师希亚姆·帕蒂尔(Shyam Patil)在该公司最近发布财报后表示：“尽管新冠病毒变种带来了波动，但我们仍然喜欢它。”</blockquote></p><p> “ABNB again blew out expectations in 2Q, driven by a huge increase in travel demand,” he added.</p><p><blockquote>“在旅行需求大幅增长的推动下，ABNB在第二季度再次超出了预期，”他补充道。</blockquote></p><p> While the company warned in it earnings call about the uncertainty surrounding the variants, Patil was undeterred.</p><p><blockquote>尽管该公司在财报看涨期权上就这些变体的不确定性发出警告，但帕蒂尔并没有被吓倒。</blockquote></p><p> “Although COVID-19 continues to provide substantial headwinds to both ABNB and the travel industry as a whole, ABNB is showing strong signs of recovery — gross bookings grew 37% over 2Q19 levels,” he wrote.</p><p><blockquote>他写道：“尽管COVID-19继续给ABNB和整个旅游业带来巨大阻力，但ABNB正显示出强劲的复苏迹象——总预订量比2019年第二季度增长了37%。”</blockquote></p><p> Patil also predicted that Airbnb could see its highest quarterly revenue ever for the third quarter.</p><p><blockquote>帕蒂尔还预测，爱彼迎第三季度可能会创下有史以来最高的季度收入。</blockquote></p><p> “That being said, we view ABNB a must-own stock for the recovery given its strong positioning and promising long-term opportunity,” the firm said.</p><p><blockquote>该公司表示：“话虽如此，鉴于ABNB的强劲定位和充满希望的长期机会，我们认为ABNB是复苏中必须持有的股票。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABNB":"爱彼迎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127577175","content_text":"Airbnb shares rose more than 7%, the largest increase in the market in five months.Airbnb is planning to start housing 20,000 Afghan refugees around the world free of charge, the company’s CEO, Brian Chesky, said Tuesday.\n\nShares of Airbnb are down 2.1% this year, but shareholders shouldn’t be concerned, according to investment firm Susquehanna.\nIn fact, the firm says now is the time to buy shares of the online travel website company.\n“We still like it despite volatility from COVID variants,” analyst Shyam Patil said after the company’s recent earnings.\n“ABNB again blew out expectations in 2Q, driven by a huge increase in travel demand,” he added.\nWhile the company warned in it earnings call about the uncertainty surrounding the variants, Patil was undeterred.\n“Although COVID-19 continues to provide substantial headwinds to both ABNB and the travel industry as a whole, ABNB is showing strong signs of recovery — gross bookings grew 37% over 2Q19 levels,” he wrote.\nPatil also predicted that Airbnb could see its highest quarterly revenue ever for the third quarter.\n“That being said, we view ABNB a must-own stock for the recovery given its strong positioning and promising long-term opportunity,” the firm said.","news_type":1,"symbols_score_info":{"ABNB":0.9}},"isVote":1,"tweetType":1,"viewCount":2441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835082073,"gmtCreate":1629681089192,"gmtModify":1631890622628,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835014197","repostId":"2161747692","repostType":4,"isVote":1,"tweetType":1,"viewCount":1516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835015266,"gmtCreate":1629680889655,"gmtModify":1631890622640,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835012611","repostId":"2161747692","repostType":4,"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832681854,"gmtCreate":1629620537278,"gmtModify":1631890622649,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/832681854","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836300354,"gmtCreate":1629451223378,"gmtModify":1631890622649,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836300354","repostId":"1172699620","repostType":4,"repost":{"id":"1172699620","kind":"news","pubTimestamp":1629450202,"share":"https://www.laohu8.com/m/news/1172699620?lang=zh_CN&edition=full","pubTime":"2021-08-20 17:03","market":"us","language":"en","title":"Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172699620","media":"Kiplinger","summary":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar","content":"<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p><p><blockquote>细价股——那些低价交易的股票，通常每股股价不到一美元——是危险的。周期。事实上，除了少数例外，投资者应该避开这些超便宜的股票，这些股票通常在场外交易，而不是在主要交易所交易。</blockquote></p><p> Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p><p><blockquote>看涨期权他们细价股、微型股或场外交易股票；不管叫什么名字，都是坏消息。当前期投入如此之少的资金就可以进行投资时，快速轻松致富的承诺更容易上当。投资者可能会想，“风险有多大？”</blockquote></p><p> Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p><p><blockquote>大量。根据美国证券交易委员会的说法：“学术研究发现，场外交易股票往往流动性极差；经常成为涉嫌市场操纵的目标；平均产生负面且不稳定的投资回报；并且很少成长为大公司或过渡到在证券交易所上市。”</blockquote></p><p> We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p><p><blockquote>我们将在下面详细说明这一切的含义，但我只想说，SEC并不热衷于此。</blockquote></p><p> <h3><b>Why Penny Stocks Are So Dangerous</b></h3> To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p><p><blockquote><h3><b>为什么细价股如此危险</b></h3>需要明确的是，这并不是说每个细价股或场外交易公司都是骗局。危险在于，场外市场是骗局股票的生存之地。把它想象成一个糟糕的社区。在那里会让你成为骗子的标志。</blockquote></p><p> For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p><p><blockquote>在某些背景下，场外交易市场不同于纽约证券交易所或纳斯达克等交易集中的交易所。没有一个OTC交易所。相反，场外交易通过基于计算机和电话的系统将买家和卖家联系起来。任何不在纽约证券交易所、纳斯达克或其他美国成熟交易所交易的股票都可以进行场外交易。这些证券也被称为“非上市股票”。</blockquote></p><p> Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p><p><blockquote>通常，场外交易股票往往是高风险的微型股（市值低于3亿美元的小公司股票），其中包括纳米股（市值低于5000万美元的股票）。</blockquote></p><p> The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p><p><blockquote>美国证券交易委员会长期以来一直警告投资者此类股票的高风险。该行业的自律机构金融业监管局（FINRA）同样对场外证券的购买和交易发出了危险信号。</blockquote></p><p> That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p><p><blockquote>这是因为在场外交易市场上市的公司不需要像在纽约证券交易所或纳斯达克等主要交易所上市的公司那样提交定期或经审计的财务报告。换句话说，当他们声称有销售额和利润时，没有办法知道他们是否在说实话。各大交易所也有上市要求；场外交易股票则不然。例如，一家公司必须拥有至少400名股东且市值至少4000万美元才能在纽约证券交易所上市。OTC没有这样的要求。</blockquote></p><p> Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p><p><blockquote>综上所述，这使得无良的管理者更容易谎报业务前景或实施证券欺诈。</blockquote></p><p> But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p><p><blockquote>但这还不是全部。在场外交易的股票往往“缺乏流动性”，这意味着它们的交易量通常很低，买家和卖家数量有限。这可能会使投资者很难或不可能以他们想要的价格买卖股票。</blockquote></p><p> That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p><p><blockquote>流动性的缺乏也使许多场外交易股票成为“拉高抛售”计划的完美工具，即股票发起人引诱投资者购买股票，从而提高股价。然后，当价格足够高时，抽水者出售他的股票，导致股票下跌，给投资者留下糟糕的回报，甚至亏损。这里有人看到了吗<i>华尔街之狼</i>？</blockquote></p><p> To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p><p><blockquote>为了保护投资者不上当受骗，SEC在2012年至2015年间暂停了800多只微型股（占场外交易市场的8%以上）的交易。股票一旦暂停交易，就不能重新上市，除非公司提供最新的财务信息来证明其实际运营。由于这种情况很少发生，交易暂停基本上使股票对诈骗艺术家毫无用处。</blockquote></p><p> <h3><b>Legitimate OTCs</b></h3> Be that as it may, there is one segment of the OTC market that investors need not fear.</p><p><blockquote><h3><b>合法OTC</b></h3>尽管如此，场外交易市场的一部分投资者不必担心。</blockquote></p><p> Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p><p><blockquote>在混混中，一些世界上最大、最受尊敬的外国公司将其美国股票在场外交易而不是在美国主要交易所上市。在这里，您可以找到<b>The<a href=\"https://laohu8.com/S/IDCBY\">中国工商银行。</a></b>（IDCBY），恰好是世界上最大的银行。您还可以购买瑞士的股票<b>雀巢</b>（NSRGY），全球最大的食品公司；中国的<b><a href=\"https://laohu8.com/S/TCEHY\">腾讯控股控股有限公司。</a></b>(TCEHY)，该国最大的互联网服务提供商之一；和日本游戏巨头<b><a href=\"https://laohu8.com/S/NTDOY\">任天堂有限公司。</a></b>（NTDOY）。</blockquote></p><p> Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p><p><blockquote>为什么大型国际上市公司会与发行高度投机性细价股的公司合作？</blockquote></p><p></p><p> The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p><p><blockquote>原因与成本和便利性有关。例如，在纽约证券交易所或纳斯达克上市的外国公司必须为其所做的一切准备两套经审计的财务报表——一套符合国际会计准则，另一套符合公认会计原则(GAAP)在美国，这不是非处方药的要求。</blockquote></p><p> With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p><p><blockquote>通过场外交易上市，外国公司可以以很低的成本和精力接触到庞大的美国股票投资者。</blockquote></p><p> The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p><p><blockquote>最重要的是，除了大型老牌外国公司，场外交易股票风险太大。普通投资者不可能知道公司是否在上升。即使是合法的小公司也可能在一夜之间倒闭。场外交易股票的陷阱根本不值得。</blockquote></p><p> It’s easy enough to lose money investing in stocks. Why make it easier?</p><p><blockquote>投资股票很容易赔钱。为什么要让它更容易？</blockquote></p><p></p>","source":"lsy1629449927514","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>Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</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\">\nPenny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Kiplinger</strong><span class=\"h-time small\">2021-08-20 17:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p><p><blockquote>细价股——那些低价交易的股票，通常每股股价不到一美元——是危险的。周期。事实上，除了少数例外，投资者应该避开这些超便宜的股票，这些股票通常在场外交易，而不是在主要交易所交易。</blockquote></p><p> Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p><p><blockquote>看涨期权他们细价股、微型股或场外交易股票；不管叫什么名字，都是坏消息。当前期投入如此之少的资金就可以进行投资时，快速轻松致富的承诺更容易上当。投资者可能会想，“风险有多大？”</blockquote></p><p> Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p><p><blockquote>大量。根据美国证券交易委员会的说法：“学术研究发现，场外交易股票往往流动性极差；经常成为涉嫌市场操纵的目标；平均产生负面且不稳定的投资回报；并且很少成长为大公司或过渡到在证券交易所上市。”</blockquote></p><p> We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p><p><blockquote>我们将在下面详细说明这一切的含义，但我只想说，SEC并不热衷于此。</blockquote></p><p> <h3><b>Why Penny Stocks Are So Dangerous</b></h3> To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p><p><blockquote><h3><b>为什么细价股如此危险</b></h3>需要明确的是，这并不是说每个细价股或场外交易公司都是骗局。危险在于，场外市场是骗局股票的生存之地。把它想象成一个糟糕的社区。在那里会让你成为骗子的标志。</blockquote></p><p> For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p><p><blockquote>在某些背景下，场外交易市场不同于纽约证券交易所或纳斯达克等交易集中的交易所。没有一个OTC交易所。相反，场外交易通过基于计算机和电话的系统将买家和卖家联系起来。任何不在纽约证券交易所、纳斯达克或其他美国成熟交易所交易的股票都可以进行场外交易。这些证券也被称为“非上市股票”。</blockquote></p><p> Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p><p><blockquote>通常，场外交易股票往往是高风险的微型股（市值低于3亿美元的小公司股票），其中包括纳米股（市值低于5000万美元的股票）。</blockquote></p><p> The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p><p><blockquote>美国证券交易委员会长期以来一直警告投资者此类股票的高风险。该行业的自律机构金融业监管局（FINRA）同样对场外证券的购买和交易发出了危险信号。</blockquote></p><p> That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p><p><blockquote>这是因为在场外交易市场上市的公司不需要像在纽约证券交易所或纳斯达克等主要交易所上市的公司那样提交定期或经审计的财务报告。换句话说，当他们声称有销售额和利润时，没有办法知道他们是否在说实话。各大交易所也有上市要求；场外交易股票则不然。例如，一家公司必须拥有至少400名股东且市值至少4000万美元才能在纽约证券交易所上市。OTC没有这样的要求。</blockquote></p><p> Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p><p><blockquote>综上所述，这使得无良的管理者更容易谎报业务前景或实施证券欺诈。</blockquote></p><p> But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p><p><blockquote>但这还不是全部。在场外交易的股票往往“缺乏流动性”，这意味着它们的交易量通常很低，买家和卖家数量有限。这可能会使投资者很难或不可能以他们想要的价格买卖股票。</blockquote></p><p> That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p><p><blockquote>流动性的缺乏也使许多场外交易股票成为“拉高抛售”计划的完美工具，即股票发起人引诱投资者购买股票，从而提高股价。然后，当价格足够高时，抽水者出售他的股票，导致股票下跌，给投资者留下糟糕的回报，甚至亏损。这里有人看到了吗<i>华尔街之狼</i>？</blockquote></p><p> To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p><p><blockquote>为了保护投资者不上当受骗，SEC在2012年至2015年间暂停了800多只微型股（占场外交易市场的8%以上）的交易。股票一旦暂停交易，就不能重新上市，除非公司提供最新的财务信息来证明其实际运营。由于这种情况很少发生，交易暂停基本上使股票对诈骗艺术家毫无用处。</blockquote></p><p> <h3><b>Legitimate OTCs</b></h3> Be that as it may, there is one segment of the OTC market that investors need not fear.</p><p><blockquote><h3><b>合法OTC</b></h3>尽管如此，场外交易市场的一部分投资者不必担心。</blockquote></p><p> Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p><p><blockquote>在混混中，一些世界上最大、最受尊敬的外国公司将其美国股票在场外交易而不是在美国主要交易所上市。在这里，您可以找到<b>The<a href=\"https://laohu8.com/S/IDCBY\">中国工商银行。</a></b>（IDCBY），恰好是世界上最大的银行。您还可以购买瑞士的股票<b>雀巢</b>（NSRGY），全球最大的食品公司；中国的<b><a href=\"https://laohu8.com/S/TCEHY\">腾讯控股控股有限公司。</a></b>(TCEHY)，该国最大的互联网服务提供商之一；和日本游戏巨头<b><a href=\"https://laohu8.com/S/NTDOY\">任天堂有限公司。</a></b>（NTDOY）。</blockquote></p><p> Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p><p><blockquote>为什么大型国际上市公司会与发行高度投机性细价股的公司合作？</blockquote></p><p></p><p> The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p><p><blockquote>原因与成本和便利性有关。例如，在纽约证券交易所或纳斯达克上市的外国公司必须为其所做的一切准备两套经审计的财务报表——一套符合国际会计准则，另一套符合公认会计原则(GAAP)在美国，这不是非处方药的要求。</blockquote></p><p> With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p><p><blockquote>通过场外交易上市，外国公司可以以很低的成本和精力接触到庞大的美国股票投资者。</blockquote></p><p> The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p><p><blockquote>最重要的是，除了大型老牌外国公司，场外交易股票风险太大。普通投资者不可能知道公司是否在上升。即使是合法的小公司也可能在一夜之间倒闭。场外交易股票的陷阱根本不值得。</blockquote></p><p> It’s easy enough to lose money investing in stocks. Why make it easier?</p><p><blockquote>投资股票很容易赔钱。为什么要让它更容易？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away\">Kiplinger</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":{"NTDOY":"任天堂","IDCBY":"工商银行ADR","TCEHY":"腾讯控股ADR"},"source_url":"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172699620","content_text":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.\nCall them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"\nPlenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”\nWe’ll break down what all that means below, but suffice to say, the SEC is not a fan.\nWhy Penny Stocks Are So Dangerous\nTo be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.\nFor some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”\nTypically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).\nThe SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.\nThat’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.\nPut it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.\nBut that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.\nThat lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see The Wolf of Wall Street?\nTo protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.\nLegitimate OTCs\nBe that as it may, there is one segment of the OTC market that investors need not fear.\nAmidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of The Industrial and Commercial Bank of China Ltd. (IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’sNestlé(NSRGY), the largest food company in the world; China’s Tencent Holding Ltd. (TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant Nintendo Co., Ltd. (NTDOY).\nWhy would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?\nThe reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.\nWith an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.\nThe bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.\nIt’s easy enough to lose money investing in stocks. Why make it easier?","news_type":1,"symbols_score_info":{"IDCBY":0.9,"TCEHY":0.9,"NTDOY":0.9}},"isVote":1,"tweetType":1,"viewCount":587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838138417,"gmtCreate":1629380351439,"gmtModify":1631890622654,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/838138417","repostId":"1167927608","repostType":4,"repost":{"id":"1167927608","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":1629379631,"share":"https://www.laohu8.com/m/news/1167927608?lang=zh_CN&edition=full","pubTime":"2021-08-19 21:27","market":"us","language":"en","title":"Stocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167927608","media":"Tiger Newspress","summary":"(Aug 19) Stocks open lower as investors assess Fed taper timetable, rising COVID cases. \nDow industr","content":"<p>(Aug 19)&nbsp;Stocks open lower as investors assess Fed taper timetable, rising COVID cases.&nbsp;</p><p><blockquote>（8月19日）由于投资者评估美联储缩减时间表，COVID病例增加，股市开盘走低。</blockquote></p><p> Dow industrials down 235 points, or 0.7%, at 34,726. S&amp;P 500 down 0.6% at 4,372.80. Nasdaq Composite off 0.5% at 14,455.11.</p><p><blockquote>道指下跌235点，即0.7%，至34,726点。标普500下跌0.6%，至4,372.80点。纳斯达克综合指数下跌0.5%，至14,455.11点。</blockquote></p><p> China concepts stocks sink.&nbsp;Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.</p><p><blockquote>中国概念股下跌。在两个政府部门表示可能会对该行业实施额外监管后，中国科技股遭到抛售，其中一些互联网巨头领跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/85df42638990df56a73d0f4614462245\" tg-width=\"285\" tg-height=\"776\" referrerpolicy=\"no-referrer\">Fresh data showed that&nbsp;jobless claims fell to a pandemic low&nbsp;of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January.</p><p><blockquote>最新数据显示，上周初请失业金人数降至疫情低点34.8万人，表明劳动力市场继续复苏。自1月份以来，新申请失业救济人数下降了50%以上。</blockquote></p><p> Stock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that&nbsp;rising coronavirus cases&nbsp;in the U.S. and elsewhere will dent the global economic recovery at the same time as the Fed is gearing up to&nbsp;rein in its huge bond-buying program.</p><p><blockquote>股市在艰难创下一系列历史新高后，本周遭遇动荡。鉴于盈利快速增长，投资者普遍对股价前景保持乐观。但一些人变得更加谨慎，担心在美联储准备遏制其庞大的债券购买计划的同时，美国和其他地方不断上升的冠状病毒病例将削弱全球经济复苏。</blockquote></p><p> “These things are going to cause market volatility,” said Caroline Simmons, U.K chief investment officer at UBS Global Wealth Management. “People are trying to work out what [the Delta variant] is going to mean: does it mean more lockdowns, is it going to damage growth?”</p><p><blockquote>瑞银全球财富管理英国首席投资官卡罗琳·西蒙斯表示：“这些事情将导致市场波动。”“人们正在试图弄清楚[德尔塔变异毒株]将意味着什么：这是否意味着更多的封锁，是否会损害经济增长？”</blockquote></p><p> Commodity producers lost ground ahead of the bell in New York as energy and material prices retreated.Devon Energy,miner Freeport-McMoRan and Occidental Petroleum all fell 3% or more in premarket trading.</p><p><blockquote>随着能源和材料价格回落，大宗商品生产商在纽约盘前下跌。德文能源公司、矿业公司自由港麦克莫兰公司和西方石油公司在盘前交易中均下跌3%或更多。</blockquote></p><p> A bright spot came fromBath &amp; Body Works,which rose almost 5% after the retailer, formerly known as L Brands, beat analysts’ earnings expectations for the second quarter.Nvidiaadded 1.6% after the graphics-chip maker posted record quarterly profits and sales.</p><p><blockquote>Bath&amp;Body Works是一个亮点，在这家零售商（前身为L Brands）第二季度盈利超出分析师预期后，该公司股价上涨近5%。在这家图形芯片制造商公布创纪录的季度利润和销售额后，英伟达股价上涨1.6%。</blockquote></p><p> Broadly, though, investors moved out of assets that are particularly sensitive to the global economic recovery, and into those seen as more sheltered. The dollar, viewed as a haven by money managers, strengthened, pushing the ICE Dollar Index up 0.3% to its highest level since November.</p><p><blockquote>不过，总体而言，投资者从对全球经济复苏特别敏感的资产转向了那些被视为更受保护的资产。被基金经理视为避风港的美元走强，推动ICE美元指数上涨0.3%，至11月以来最高水平。</blockquote></p><p> Government bonds rallied, pushing down yields. The yield on 10-year Treasury notes slid to 1.242% from 1.273% Wednesday. Yields fall when bond prices rise.</p><p><blockquote>政府债券上涨，压低收益率。10年期美国国债收益率从周三的1.273%下滑至1.242%。当债券价格上涨时，收益率就会下降。</blockquote></p><p> In another sign of jitters among investors, the Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.69. That marked its highest level since May.</p><p><blockquote>投资者不安的另一个迹象是，衡量股市预期波动的芝加哥期权交易所波动率指数升至23.69。这是自5月份以来的最高水平。</blockquote></p><p> Minutes of the Fed’s July meeting, published Wednesday, revealed an emerging consensus to scale back $120 billion in monthly asset purchases this year. The minutes said several officials favored reducing asset purchases in the coming months to position the Fed to potentially raise interest rates if the economy strengthens further next year.</p><p><blockquote>周三公布的美联储7月会议纪要显示，人们正在形成共识，即今年将每月资产购买规模缩减1200亿美元。会议纪要称，几位官员赞成在未来几个月减少资产购买，以使美联储在明年经济进一步走强时有可能加息。</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>Stocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</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\">\nStocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</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\">2021-08-19 21:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 19)&nbsp;Stocks open lower as investors assess Fed taper timetable, rising COVID cases.&nbsp;</p><p><blockquote>（8月19日）由于投资者评估美联储缩减时间表，COVID病例增加，股市开盘走低。</blockquote></p><p> Dow industrials down 235 points, or 0.7%, at 34,726. S&amp;P 500 down 0.6% at 4,372.80. Nasdaq Composite off 0.5% at 14,455.11.</p><p><blockquote>道指下跌235点，即0.7%，至34,726点。标普500下跌0.6%，至4,372.80点。纳斯达克综合指数下跌0.5%，至14,455.11点。</blockquote></p><p> China concepts stocks sink.&nbsp;Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.</p><p><blockquote>中国概念股下跌。在两个政府部门表示可能会对该行业实施额外监管后，中国科技股遭到抛售，其中一些互联网巨头领跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/85df42638990df56a73d0f4614462245\" tg-width=\"285\" tg-height=\"776\" referrerpolicy=\"no-referrer\">Fresh data showed that&nbsp;jobless claims fell to a pandemic low&nbsp;of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January.</p><p><blockquote>最新数据显示，上周初请失业金人数降至疫情低点34.8万人，表明劳动力市场继续复苏。自1月份以来，新申请失业救济人数下降了50%以上。</blockquote></p><p> Stock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that&nbsp;rising coronavirus cases&nbsp;in the U.S. and elsewhere will dent the global economic recovery at the same time as the Fed is gearing up to&nbsp;rein in its huge bond-buying program.</p><p><blockquote>股市在艰难创下一系列历史新高后，本周遭遇动荡。鉴于盈利快速增长，投资者普遍对股价前景保持乐观。但一些人变得更加谨慎，担心在美联储准备遏制其庞大的债券购买计划的同时，美国和其他地方不断上升的冠状病毒病例将削弱全球经济复苏。</blockquote></p><p> “These things are going to cause market volatility,” said Caroline Simmons, U.K chief investment officer at UBS Global Wealth Management. “People are trying to work out what [the Delta variant] is going to mean: does it mean more lockdowns, is it going to damage growth?”</p><p><blockquote>瑞银全球财富管理英国首席投资官卡罗琳·西蒙斯表示：“这些事情将导致市场波动。”“人们正在试图弄清楚[德尔塔变异毒株]将意味着什么：这是否意味着更多的封锁，是否会损害经济增长？”</blockquote></p><p> Commodity producers lost ground ahead of the bell in New York as energy and material prices retreated.Devon Energy,miner Freeport-McMoRan and Occidental Petroleum all fell 3% or more in premarket trading.</p><p><blockquote>随着能源和材料价格回落，大宗商品生产商在纽约盘前下跌。德文能源公司、矿业公司自由港麦克莫兰公司和西方石油公司在盘前交易中均下跌3%或更多。</blockquote></p><p> A bright spot came fromBath &amp; Body Works,which rose almost 5% after the retailer, formerly known as L Brands, beat analysts’ earnings expectations for the second quarter.Nvidiaadded 1.6% after the graphics-chip maker posted record quarterly profits and sales.</p><p><blockquote>Bath&amp;Body Works是一个亮点，在这家零售商（前身为L Brands）第二季度盈利超出分析师预期后，该公司股价上涨近5%。在这家图形芯片制造商公布创纪录的季度利润和销售额后，英伟达股价上涨1.6%。</blockquote></p><p> Broadly, though, investors moved out of assets that are particularly sensitive to the global economic recovery, and into those seen as more sheltered. The dollar, viewed as a haven by money managers, strengthened, pushing the ICE Dollar Index up 0.3% to its highest level since November.</p><p><blockquote>不过，总体而言，投资者从对全球经济复苏特别敏感的资产转向了那些被视为更受保护的资产。被基金经理视为避风港的美元走强，推动ICE美元指数上涨0.3%，至11月以来最高水平。</blockquote></p><p> Government bonds rallied, pushing down yields. The yield on 10-year Treasury notes slid to 1.242% from 1.273% Wednesday. Yields fall when bond prices rise.</p><p><blockquote>政府债券上涨，压低收益率。10年期美国国债收益率从周三的1.273%下滑至1.242%。当债券价格上涨时，收益率就会下降。</blockquote></p><p> In another sign of jitters among investors, the Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.69. That marked its highest level since May.</p><p><blockquote>投资者不安的另一个迹象是，衡量股市预期波动的芝加哥期权交易所波动率指数升至23.69。这是自5月份以来的最高水平。</blockquote></p><p> Minutes of the Fed’s July meeting, published Wednesday, revealed an emerging consensus to scale back $120 billion in monthly asset purchases this year. The minutes said several officials favored reducing asset purchases in the coming months to position the Fed to potentially raise interest rates if the economy strengthens further next year.</p><p><blockquote>周三公布的美联储7月会议纪要显示，人们正在形成共识，即今年将每月资产购买规模缩减1200亿美元。会议纪要称，几位官员赞成在未来几个月减少资产购买，以使美联储在明年经济进一步走强时有可能加息。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167927608","content_text":"(Aug 19) Stocks open lower as investors assess Fed taper timetable, rising COVID cases. \nDow industrials down 235 points, or 0.7%, at 34,726. S&P 500 down 0.6% at 4,372.80. Nasdaq Composite off 0.5% at 14,455.11.\nChina concepts stocks sink. Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.\nFresh data showed that jobless claims fell to a pandemic low of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January.\nStock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that rising coronavirus cases in the U.S. and elsewhere will dent the global economic recovery at the same time as the Fed is gearing up to rein in its huge bond-buying program.\n“These things are going to cause market volatility,” said Caroline Simmons, U.K chief investment officer at UBS Global Wealth Management. “People are trying to work out what [the Delta variant] is going to mean: does it mean more lockdowns, is it going to damage growth?”\nCommodity producers lost ground ahead of the bell in New York as energy and material prices retreated.Devon Energy,miner Freeport-McMoRan and Occidental Petroleum all fell 3% or more in premarket trading.\nA bright spot came fromBath & Body Works,which rose almost 5% after the retailer, formerly known as L Brands, beat analysts’ earnings expectations for the second quarter.Nvidiaadded 1.6% after the graphics-chip maker posted record quarterly profits and sales.\nBroadly, though, investors moved out of assets that are particularly sensitive to the global economic recovery, and into those seen as more sheltered. The dollar, viewed as a haven by money managers, strengthened, pushing the ICE Dollar Index up 0.3% to its highest level since November.\nGovernment bonds rallied, pushing down yields. The yield on 10-year Treasury notes slid to 1.242% from 1.273% Wednesday. Yields fall when bond prices rise.\nIn another sign of jitters among investors, the Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.69. That marked its highest level since May.\nMinutes of the Fed’s July meeting, published Wednesday, revealed an emerging consensus to scale back $120 billion in monthly asset purchases this year. The minutes said several officials favored reducing asset purchases in the coming months to position the Fed to potentially raise interest rates if the economy strengthens further next year.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831974835,"gmtCreate":1629284634827,"gmtModify":1631890622605,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/831974835","repostId":"1114089066","repostType":4,"repost":{"id":"1114089066","kind":"news","pubTimestamp":1629280201,"share":"https://www.laohu8.com/m/news/1114089066?lang=zh_CN&edition=full","pubTime":"2021-08-18 17:50","market":"us","language":"en","title":"3 Software-As-Service Leaders Set For Strong Earnings As Q2 Season Winds Down<blockquote>随着第二季度接近尾声，3家软件即服务领导者将实现强劲盈利</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114089066","media":"investing.com","summary":"Wall Street’s second quarter earnings season has all but wound down, but results in the coming weeks","content":"<p>Wall Street’s second quarter earnings season has all but wound down, but results in the coming weeks are due from a variety of cloud-computing Software-as-a-Service (SaaS) companies.</p><p><blockquote>华尔街第二季度财报季几乎已经结束，但未来几周，各种云计算软件即服务(SaaS)公司将公布业绩。</blockquote></p><p> The sector sold off sharply earlier this year amid valuation concerns, before it regained its footing, with the&nbsp;<a href=\"https://laohu8.com/S/SKYY\">First Trust ISE Cloud Computing Index Fund</a> rising to its highest level on record earlier this month.</p><p><blockquote>今年早些时候，由于估值担忧，该行业大幅抛售，随后又重新站稳脚跟，<a href=\"https://laohu8.com/S/SKYY\">First Trust ISE云计算指数基金</a>本月早些时候升至有记录以来的最高水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf0f0639dae1a8b40725746fb1452a04\" tg-width=\"1917\" tg-height=\"778\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">SKYY ETF Daily Chart</p><p><blockquote>SKYY ETF日线图</blockquote></p><p> Below we highlight three SaaS leaders well worth considering ahead of their upcoming quarterly earnings reports.</p><p><blockquote>下面我们重点介绍三位SaaS领导者，在他们即将发布的季度收益报告之前非常值得考虑。</blockquote></p><p> <b>1. CrowdStrike Holdings</b></p><p><blockquote><b>1.CrowdStrike控股</b></blockquote></p><p> <ul>  <li>Earnings Date:&nbsp;<b>Tuesday, Aug. 31</b></li>  <li>EPS Growth Estimate:&nbsp;<b>+166.6% Y-o-Y</b></li>  <li>Revenue Growth Estimate:&nbsp;<b>+62.4% Y-o-Y</b></li>  <li>Year-To-Date Performance:&nbsp;<b>+9.9%</b></li>  <li>Market Cap:&nbsp;<b>$52.5 Billion</b></li> </ul> <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a>—which has beaten Wall Street’s sales estimates in every quarter since going public in June 2019—is scheduled to report its latest financial results after the U.S. market closes on Tuesday, Aug. 31.</p><p><blockquote><ul><li>盈利日期：<b>8月31日星期二</b></li><li>每股收益增长预测：<b>同比+166.6%</b></li><li>收入增长预测：<b>同比+62.4%</b></li><li>年初至今表现：<b>+9.9%</b></li><li>市值：<b>525亿美元</b></li></ul><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike控股公司。</a>自2019年6月上市以来，该公司每个季度的销售都超出了华尔街的预期，计划于8月31日星期二美国股市收盘后公布最新财务业绩。</blockquote></p><p> Consensus expectations call for the cloud-based cybersecurity specialist, whose technology is used to detect and prevent security breaches, to post earnings per share (EPS) of $0.08 for the second quarter, improving roughly 167% from EPS of $0.03 in the year-ago period.</p><p><blockquote>看涨期权普遍预期这家基于云的网络安全专家（其技术用于检测和防止安全漏洞）第二季度每股收益(EPS)为0.08美元，较去年同期的每股收益0.03美元增长约167%。</blockquote></p><p> Meanwhile, revenue is forecast to&nbsp;jump&nbsp;around 62% year-over-year to an all-time high of $323.3 million, reflecting the ongoing surge in demand for its Falcon cybersecurity platform.</p><p><blockquote>与此同时，收入预计将同比增长约62%，达到3.233亿美元的历史新高，反映出对其Falcon网络安全平台的需求持续激增。</blockquote></p><p> Beyond the top-and-bottom line numbers, investors will keep an eye on growth in CrowdStrike’s total subscription customers. The endpoint security leader—which counts nearly half of the Fortune 100 companies as clients—said it had a total of 11,420 customers as of the end of its last quarter, up 82% year-over-year.</p><p><blockquote>除了顶线和底线数据之外，投资者还将关注CrowdStrike订阅客户总数的增长。这家终端安全领导者拥有财富100强公司中近一半的客户，该公司表示，截至上季度末，该公司共有11,420名客户，同比增长82%。</blockquote></p><p> Market players will also pay close attention to the cyber company’s outlook for the rest of the year as it looks to be one of the main beneficiaries of the ongoing increase in cybersecurity spending amid the rampant surge in cyberattacks.</p><p><blockquote>市场参与者还将密切关注这家网络公司今年剩余时间的前景，因为在网络攻击猖獗的情况下，它似乎是网络安全支出持续增加的主要受益者之一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76abfcac8addb6807b144474d91d4403\" tg-width=\"1918\" tg-height=\"776\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">CRWD Daily Stock Chart</p><p><blockquote>CRWD每日股票图表</blockquote></p><p> Shares of the Sunnyvale, California-based company, which soared 324% in 2020 thanks to a growing wave of enterprise cybersecurity spending during the COVID pandemic, have seen their ascent slow this year, climbing just 9.9% in 2021.</p><p><blockquote>由于新冠疫情期间企业网络安全支出不断增长，这家总部位于加利福尼亚州桑尼维尔的公司的股价在2020年飙升了324%，但今年上涨缓慢，2021年仅上涨了9.9%。</blockquote></p><p> CRWD stock ended Tuesday’s session at $232.64, earning the company a valuation of $52.5 billion. At current levels, shares remain about 14.5% below their all-time high of $272.63 reached on July 23.</p><p><blockquote>CRWD股票周二收于232.64美元，该公司估值达到525亿美元。按目前水平计算，该股仍比7月23日触及的历史高点272.63美元低约14.5%。</blockquote></p><p> <b>2. Okta</b></p><p><blockquote><b>2.Okta</b></blockquote></p><p> <ul>  <li>Earnings Date:&nbsp;<b>Wednesday, Sept. 1</b></li>  <li>EPS Growth Estimate:&nbsp;<b>-600% Y-o-Y</b></li>  <li>Revenue Growth Estimate:&nbsp;<b>+48% Y-o-Y</b></li>  <li>Year-To-Date Performance:&nbsp;<b>-9.3%</b></li>  <li>Market Cap:&nbsp;<b>$35.3 Billion</b></li> </ul> <a href=\"https://laohu8.com/S/OKTA\">Okta Inc.</a>, which beat expectations for earnings and revenue for its&nbsp;last quarter&nbsp;in late May, but provided weak guidance and announced the departure of its chief financial officer, is slated to next report financial results after the closing bell on Wednesday, Sept. 1.</p><p><blockquote><ul><li>盈利日期：<b>9月1日星期三</b></li><li>每股收益增长预测：<b>-600%Y-o-Y</b></li><li>收入增长预测：<b>同比+48%</b></li><li>年初至今表现：<b>-9.3%</b></li><li>市值：<b>353亿美元</b></li></ul><a href=\"https://laohu8.com/S/OKTA\">奥克塔公司。</a>该公司5月底最后一个季度的盈利和收入超出预期，但提供的指引较弱，并宣布首席财务官离职，预计将于9月1日星期三收盘后公布下一次财务业绩。</blockquote></p><p> Consensus calls for a loss per share of $0.35 for the second quarter, compared to earnings of $0.07 per share in the year-ago period, due mostly to the impact of its recent $6.5 billion acquisition of Auth0, which provides an identity management platform for application builders.</p><p><blockquote>评级第二季度每股亏损0.35美元，而去年同期每股收益为0.07美元，这主要是由于其最近以65亿美元收购Auth0的影响，Auth0为应用程序提供身份管理平台构建者。</blockquote></p><p> Revenue is forecast to jump 48% year-over-year to an all-time high of $296.7 million, thanks to strong demand from large enterprises for its cloud-based identity and access management software.</p><p><blockquote>由于大型企业对其基于云的身份和访问管理软件的强劲需求，收入预计将同比增长48%，达到2.967亿美元的历史新高。</blockquote></p><p> As such, investors will focus on Okta’s subscription software revenue, which grew 38% in the last quarter to $240 million, amid the shift to remote work during the ongoing health crisis.</p><p><blockquote>因此，投资者将关注Okta的订阅软件收入，在持续的健康危机期间转向远程工作的情况下，该收入上季度增长了38%，达到2.4亿美元。</blockquote></p><p> In addition to EPS and revenue, market participants will scrutinize the company’s update regarding its outlook for the months ahead. The identity-and-access management specialist projected a loss in a range of $1.13 to $1.16 per share for fiscal 2022 in the last quarter. It forecast full-year revenue of $1.22 billion at its midpoint of guidance, representing growth of 46% year-over-year.</p><p><blockquote>除了每股收益和收入之外，市场参与者还将密切关注该公司有关未来几个月前景的更新。这家身份和访问管理专家预计2022财年最后一个季度每股亏损在1.13美元至1.16美元之间。该公司预计全年收入为12.2亿美元，处于指导中点，同比增长46%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1b65b965099b13f82a5bea7e6c7c86\" tg-width=\"1917\" tg-height=\"778\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">OKTA Daily Chart</p><p><blockquote>OKTA日线图</blockquote></p><p></p><p> OKTA stock closed at $230.56 last night, roughly 22% below its record peak of $294.00 touched in mid-February. At current levels, the San Francisco, California-based cybersecurity company has a market cap of $35.3 billion.</p><p><blockquote>OKTA股价昨晚收于230.56美元，比2月中旬触及的294.00美元的历史峰值低约22%。按照目前的水平，这家总部位于加利福尼亚州旧金山的网络安全公司的市值为353亿美元。</blockquote></p><p> After seeing its stock surge 120% in 2020 thanks to robust demand for its cybersecurity platform, Okta shares are down nearly 9% year-to-date as investor sentiment cooled on high-growth tech shares which rallied throughout the COVID-19 pandemic.</p><p><blockquote>由于对其网络安全平台的强劲需求，Okta股价在2020年飙升了120%，但由于投资者对在COVID-19大流行期间上涨的高增长科技股的情绪降温，Okta股价今年迄今已下跌近9%。</blockquote></p><p> <b>3. DocuSign</b></p><p><blockquote><b>3.DocuSign</b></blockquote></p><p> <ul>  <li>Earnings Date:&nbsp;<b>Thursday, Sept. 2</b></li>  <li>EPS Growth Estimate:&nbsp;<b>+135.3% Y-o-Y</b></li>  <li>Revenue Growth Estimate:&nbsp;<b>+42.8% Y-o-Y</b></li>  <li>Year-To-Date Performance:&nbsp;<b>+28.5%</b></li>  <li>Market Cap:&nbsp;<b>$55.6 Billion</b></li> </ul> <a href=\"https://laohu8.com/S/DOCU\">Docusign</a>—which shattered profit and sales records in the&nbsp;last quarter&nbsp;because of soaring demand for its e-signature platform—is projected to report financial results for its fiscal second quarter on Thursday, Sept. 2 after the close.</p><p><blockquote><ul><li>盈利日期：<b>9月2日，星期四</b></li><li>每股收益增长预测：<b>同比+135.3%</b></li><li>收入增长预测：<b>同比+42.8%</b></li><li>年初至今表现：<b>+28.5%</b></li><li>市值：<b>556亿美元</b></li></ul><a href=\"https://laohu8.com/S/DOCU\">Docusign</a>由于对其电子签名平台的需求飙升，该公司上季度打破了利润和销售记录，预计将于9月2日星期四收盘后公布第二财季的财务业绩。</blockquote></p><p> Consensus estimates call for the software-as-a-service company to post earnings per share of $0.40, improving 135% from EPS of $0.17 in the year-ago period.</p><p><blockquote>市场普遍预计这家软件即服务公司的看涨期权每股收益为0.40美元，比去年同期的每股收益0.17美元增长135%。</blockquote></p><p> Revenue is expected to jump about 43% year-over-year to a record $488.7 million, thanks to strong demand for its Agreement Cloud e-signature platform amid the shift to remote work.</p><p><blockquote>由于向远程工作的转变对其协议云电子签名平台的强劲需求，收入预计将同比增长约43%，达到创纪录的4.887亿美元。</blockquote></p><p> In addition to the top- and bottom-line numbers, market players will also focus on DocuSign’s update regarding its enterprise customer additions to see if it can maintain its torrid pace of growth. The company announced in its Q1 earnings report that clients with annual contract values of greater than $300,000 grew roughly 30% from the year-ago period to 673.</p><p><blockquote>除了顶线和底线数据外，市场参与者还将关注DocuSign有关其企业客户新增的更新，看看它是否能够保持其快速的增长速度。该公司在第一季度收益报告中宣布，年度合同价值超过30万美元的客户较去年同期增长约30%，达到673家。</blockquote></p><p> Investors will also concentrate on comments from DocuSign’s management regarding the outlook for the current quarter and beyond, as the existing operating environment has created a perfect backdrop for the e-signature giant to thrive.</p><p><blockquote>投资者还将关注DocuSign管理层对本季度及以后前景的评论，因为现有的运营环境为这家电子签名巨头的蓬勃发展创造了完美的背景。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6bc1c086396d493822ad571c16ffb83d\" tg-width=\"1918\" tg-height=\"771\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">DOCU Daily Chart</p><p><blockquote>DOCU日线图</blockquote></p><p> DOCU stock, which reached a record high of $314.49 on Aug. 10, ended at $285.58 yesterday, earning the San Francisco, California-based tech company a valuation of $55.6 billion.</p><p><blockquote>DOCU股票于8月10日创下314.49美元的历史新高，昨天收于285.58美元，使这家总部位于加利福尼亚州旧金山的科技公司估值达到556亿美元。</blockquote></p><p> DocuSign shares have been a big winner amid the pandemic, rising 200% in 2020, as the shift to the work-from-home environment led to more companies signing contracts electronically over the internet. Year-to-date, DOCU has gained another 28.5%, easily outperforming the broader market.</p><p><blockquote>DocuSign股价在疫情期间成为大赢家，2020年上涨了200%，因为向在家工作环境的转变导致更多公司通过互联网以电子方式签署合同。今年迄今为止，DOCU又上涨了28.5%，轻松跑赢大盘。</blockquote></p><p></p>","source":"lsy1594375853987","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Software-As-Service Leaders Set For Strong Earnings As Q2 Season Winds Down<blockquote>随着第二季度接近尾声，3家软件即服务领导者将实现强劲盈利</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\">\n3 Software-As-Service Leaders Set For Strong Earnings As Q2 Season Winds Down<blockquote>随着第二季度接近尾声，3家软件即服务领导者将实现强劲盈利</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investing.com</strong><span class=\"h-time small\">2021-08-18 17:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street’s second quarter earnings season has all but wound down, but results in the coming weeks are due from a variety of cloud-computing Software-as-a-Service (SaaS) companies.</p><p><blockquote>华尔街第二季度财报季几乎已经结束，但未来几周，各种云计算软件即服务(SaaS)公司将公布业绩。</blockquote></p><p> The sector sold off sharply earlier this year amid valuation concerns, before it regained its footing, with the&nbsp;<a href=\"https://laohu8.com/S/SKYY\">First Trust ISE Cloud Computing Index Fund</a> rising to its highest level on record earlier this month.</p><p><blockquote>今年早些时候，由于估值担忧，该行业大幅抛售，随后又重新站稳脚跟，<a href=\"https://laohu8.com/S/SKYY\">First Trust ISE云计算指数基金</a>本月早些时候升至有记录以来的最高水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf0f0639dae1a8b40725746fb1452a04\" tg-width=\"1917\" tg-height=\"778\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">SKYY ETF Daily Chart</p><p><blockquote>SKYY ETF日线图</blockquote></p><p> Below we highlight three SaaS leaders well worth considering ahead of their upcoming quarterly earnings reports.</p><p><blockquote>下面我们重点介绍三位SaaS领导者，在他们即将发布的季度收益报告之前非常值得考虑。</blockquote></p><p> <b>1. CrowdStrike Holdings</b></p><p><blockquote><b>1.CrowdStrike控股</b></blockquote></p><p> <ul>  <li>Earnings Date:&nbsp;<b>Tuesday, Aug. 31</b></li>  <li>EPS Growth Estimate:&nbsp;<b>+166.6% Y-o-Y</b></li>  <li>Revenue Growth Estimate:&nbsp;<b>+62.4% Y-o-Y</b></li>  <li>Year-To-Date Performance:&nbsp;<b>+9.9%</b></li>  <li>Market Cap:&nbsp;<b>$52.5 Billion</b></li> </ul> <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a>—which has beaten Wall Street’s sales estimates in every quarter since going public in June 2019—is scheduled to report its latest financial results after the U.S. market closes on Tuesday, Aug. 31.</p><p><blockquote><ul><li>盈利日期：<b>8月31日星期二</b></li><li>每股收益增长预测：<b>同比+166.6%</b></li><li>收入增长预测：<b>同比+62.4%</b></li><li>年初至今表现：<b>+9.9%</b></li><li>市值：<b>525亿美元</b></li></ul><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike控股公司。</a>自2019年6月上市以来，该公司每个季度的销售都超出了华尔街的预期，计划于8月31日星期二美国股市收盘后公布最新财务业绩。</blockquote></p><p> Consensus expectations call for the cloud-based cybersecurity specialist, whose technology is used to detect and prevent security breaches, to post earnings per share (EPS) of $0.08 for the second quarter, improving roughly 167% from EPS of $0.03 in the year-ago period.</p><p><blockquote>看涨期权普遍预期这家基于云的网络安全专家（其技术用于检测和防止安全漏洞）第二季度每股收益(EPS)为0.08美元，较去年同期的每股收益0.03美元增长约167%。</blockquote></p><p> Meanwhile, revenue is forecast to&nbsp;jump&nbsp;around 62% year-over-year to an all-time high of $323.3 million, reflecting the ongoing surge in demand for its Falcon cybersecurity platform.</p><p><blockquote>与此同时，收入预计将同比增长约62%，达到3.233亿美元的历史新高，反映出对其Falcon网络安全平台的需求持续激增。</blockquote></p><p> Beyond the top-and-bottom line numbers, investors will keep an eye on growth in CrowdStrike’s total subscription customers. The endpoint security leader—which counts nearly half of the Fortune 100 companies as clients—said it had a total of 11,420 customers as of the end of its last quarter, up 82% year-over-year.</p><p><blockquote>除了顶线和底线数据之外，投资者还将关注CrowdStrike订阅客户总数的增长。这家终端安全领导者拥有财富100强公司中近一半的客户，该公司表示，截至上季度末，该公司共有11,420名客户，同比增长82%。</blockquote></p><p> Market players will also pay close attention to the cyber company’s outlook for the rest of the year as it looks to be one of the main beneficiaries of the ongoing increase in cybersecurity spending amid the rampant surge in cyberattacks.</p><p><blockquote>市场参与者还将密切关注这家网络公司今年剩余时间的前景，因为在网络攻击猖獗的情况下，它似乎是网络安全支出持续增加的主要受益者之一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76abfcac8addb6807b144474d91d4403\" tg-width=\"1918\" tg-height=\"776\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">CRWD Daily Stock Chart</p><p><blockquote>CRWD每日股票图表</blockquote></p><p> Shares of the Sunnyvale, California-based company, which soared 324% in 2020 thanks to a growing wave of enterprise cybersecurity spending during the COVID pandemic, have seen their ascent slow this year, climbing just 9.9% in 2021.</p><p><blockquote>由于新冠疫情期间企业网络安全支出不断增长，这家总部位于加利福尼亚州桑尼维尔的公司的股价在2020年飙升了324%，但今年上涨缓慢，2021年仅上涨了9.9%。</blockquote></p><p> CRWD stock ended Tuesday’s session at $232.64, earning the company a valuation of $52.5 billion. At current levels, shares remain about 14.5% below their all-time high of $272.63 reached on July 23.</p><p><blockquote>CRWD股票周二收于232.64美元，该公司估值达到525亿美元。按目前水平计算，该股仍比7月23日触及的历史高点272.63美元低约14.5%。</blockquote></p><p> <b>2. Okta</b></p><p><blockquote><b>2.Okta</b></blockquote></p><p> <ul>  <li>Earnings Date:&nbsp;<b>Wednesday, Sept. 1</b></li>  <li>EPS Growth Estimate:&nbsp;<b>-600% Y-o-Y</b></li>  <li>Revenue Growth Estimate:&nbsp;<b>+48% Y-o-Y</b></li>  <li>Year-To-Date Performance:&nbsp;<b>-9.3%</b></li>  <li>Market Cap:&nbsp;<b>$35.3 Billion</b></li> </ul> <a href=\"https://laohu8.com/S/OKTA\">Okta Inc.</a>, which beat expectations for earnings and revenue for its&nbsp;last quarter&nbsp;in late May, but provided weak guidance and announced the departure of its chief financial officer, is slated to next report financial results after the closing bell on Wednesday, Sept. 1.</p><p><blockquote><ul><li>盈利日期：<b>9月1日星期三</b></li><li>每股收益增长预测：<b>-600%Y-o-Y</b></li><li>收入增长预测：<b>同比+48%</b></li><li>年初至今表现：<b>-9.3%</b></li><li>市值：<b>353亿美元</b></li></ul><a href=\"https://laohu8.com/S/OKTA\">奥克塔公司。</a>该公司5月底最后一个季度的盈利和收入超出预期，但提供的指引较弱，并宣布首席财务官离职，预计将于9月1日星期三收盘后公布下一次财务业绩。</blockquote></p><p> Consensus calls for a loss per share of $0.35 for the second quarter, compared to earnings of $0.07 per share in the year-ago period, due mostly to the impact of its recent $6.5 billion acquisition of Auth0, which provides an identity management platform for application builders.</p><p><blockquote>评级第二季度每股亏损0.35美元，而去年同期每股收益为0.07美元，这主要是由于其最近以65亿美元收购Auth0的影响，Auth0为应用程序提供身份管理平台构建者。</blockquote></p><p> Revenue is forecast to jump 48% year-over-year to an all-time high of $296.7 million, thanks to strong demand from large enterprises for its cloud-based identity and access management software.</p><p><blockquote>由于大型企业对其基于云的身份和访问管理软件的强劲需求，收入预计将同比增长48%，达到2.967亿美元的历史新高。</blockquote></p><p> As such, investors will focus on Okta’s subscription software revenue, which grew 38% in the last quarter to $240 million, amid the shift to remote work during the ongoing health crisis.</p><p><blockquote>因此，投资者将关注Okta的订阅软件收入，在持续的健康危机期间转向远程工作的情况下，该收入上季度增长了38%，达到2.4亿美元。</blockquote></p><p> In addition to EPS and revenue, market participants will scrutinize the company’s update regarding its outlook for the months ahead. The identity-and-access management specialist projected a loss in a range of $1.13 to $1.16 per share for fiscal 2022 in the last quarter. It forecast full-year revenue of $1.22 billion at its midpoint of guidance, representing growth of 46% year-over-year.</p><p><blockquote>除了每股收益和收入之外，市场参与者还将密切关注该公司有关未来几个月前景的更新。这家身份和访问管理专家预计2022财年最后一个季度每股亏损在1.13美元至1.16美元之间。该公司预计全年收入为12.2亿美元，处于指导中点，同比增长46%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1b65b965099b13f82a5bea7e6c7c86\" tg-width=\"1917\" tg-height=\"778\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">OKTA Daily Chart</p><p><blockquote>OKTA日线图</blockquote></p><p></p><p> OKTA stock closed at $230.56 last night, roughly 22% below its record peak of $294.00 touched in mid-February. At current levels, the San Francisco, California-based cybersecurity company has a market cap of $35.3 billion.</p><p><blockquote>OKTA股价昨晚收于230.56美元，比2月中旬触及的294.00美元的历史峰值低约22%。按照目前的水平，这家总部位于加利福尼亚州旧金山的网络安全公司的市值为353亿美元。</blockquote></p><p> After seeing its stock surge 120% in 2020 thanks to robust demand for its cybersecurity platform, Okta shares are down nearly 9% year-to-date as investor sentiment cooled on high-growth tech shares which rallied throughout the COVID-19 pandemic.</p><p><blockquote>由于对其网络安全平台的强劲需求，Okta股价在2020年飙升了120%，但由于投资者对在COVID-19大流行期间上涨的高增长科技股的情绪降温，Okta股价今年迄今已下跌近9%。</blockquote></p><p> <b>3. DocuSign</b></p><p><blockquote><b>3.DocuSign</b></blockquote></p><p> <ul>  <li>Earnings Date:&nbsp;<b>Thursday, Sept. 2</b></li>  <li>EPS Growth Estimate:&nbsp;<b>+135.3% Y-o-Y</b></li>  <li>Revenue Growth Estimate:&nbsp;<b>+42.8% Y-o-Y</b></li>  <li>Year-To-Date Performance:&nbsp;<b>+28.5%</b></li>  <li>Market Cap:&nbsp;<b>$55.6 Billion</b></li> </ul> <a href=\"https://laohu8.com/S/DOCU\">Docusign</a>—which shattered profit and sales records in the&nbsp;last quarter&nbsp;because of soaring demand for its e-signature platform—is projected to report financial results for its fiscal second quarter on Thursday, Sept. 2 after the close.</p><p><blockquote><ul><li>盈利日期：<b>9月2日，星期四</b></li><li>每股收益增长预测：<b>同比+135.3%</b></li><li>收入增长预测：<b>同比+42.8%</b></li><li>年初至今表现：<b>+28.5%</b></li><li>市值：<b>556亿美元</b></li></ul><a href=\"https://laohu8.com/S/DOCU\">Docusign</a>由于对其电子签名平台的需求飙升，该公司上季度打破了利润和销售记录，预计将于9月2日星期四收盘后公布第二财季的财务业绩。</blockquote></p><p> Consensus estimates call for the software-as-a-service company to post earnings per share of $0.40, improving 135% from EPS of $0.17 in the year-ago period.</p><p><blockquote>市场普遍预计这家软件即服务公司的看涨期权每股收益为0.40美元，比去年同期的每股收益0.17美元增长135%。</blockquote></p><p> Revenue is expected to jump about 43% year-over-year to a record $488.7 million, thanks to strong demand for its Agreement Cloud e-signature platform amid the shift to remote work.</p><p><blockquote>由于向远程工作的转变对其协议云电子签名平台的强劲需求，收入预计将同比增长约43%，达到创纪录的4.887亿美元。</blockquote></p><p> In addition to the top- and bottom-line numbers, market players will also focus on DocuSign’s update regarding its enterprise customer additions to see if it can maintain its torrid pace of growth. The company announced in its Q1 earnings report that clients with annual contract values of greater than $300,000 grew roughly 30% from the year-ago period to 673.</p><p><blockquote>除了顶线和底线数据外，市场参与者还将关注DocuSign有关其企业客户新增的更新，看看它是否能够保持其快速的增长速度。该公司在第一季度收益报告中宣布，年度合同价值超过30万美元的客户较去年同期增长约30%，达到673家。</blockquote></p><p> Investors will also concentrate on comments from DocuSign’s management regarding the outlook for the current quarter and beyond, as the existing operating environment has created a perfect backdrop for the e-signature giant to thrive.</p><p><blockquote>投资者还将关注DocuSign管理层对本季度及以后前景的评论，因为现有的运营环境为这家电子签名巨头的蓬勃发展创造了完美的背景。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6bc1c086396d493822ad571c16ffb83d\" tg-width=\"1918\" tg-height=\"771\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">DOCU Daily Chart</p><p><blockquote>DOCU日线图</blockquote></p><p> DOCU stock, which reached a record high of $314.49 on Aug. 10, ended at $285.58 yesterday, earning the San Francisco, California-based tech company a valuation of $55.6 billion.</p><p><blockquote>DOCU股票于8月10日创下314.49美元的历史新高，昨天收于285.58美元，使这家总部位于加利福尼亚州旧金山的科技公司估值达到556亿美元。</blockquote></p><p> DocuSign shares have been a big winner amid the pandemic, rising 200% in 2020, as the shift to the work-from-home environment led to more companies signing contracts electronically over the internet. Year-to-date, DOCU has gained another 28.5%, easily outperforming the broader market.</p><p><blockquote>DocuSign股价在疫情期间成为大赢家，2020年上涨了200%，因为向在家工作环境的转变导致更多公司通过互联网以电子方式签署合同。今年迄今为止，DOCU又上涨了28.5%，轻松跑赢大盘。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investing.com/analysis/3-softwareasservice-leaders-set-for-strong-earnings-as-q2-season-winds-down-200599181\">investing.com</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","SKYY":"First Trust Cloud Computing ETF","OKTA":"Okta Inc.","DOCU":"Docusign"},"source_url":"https://www.investing.com/analysis/3-softwareasservice-leaders-set-for-strong-earnings-as-q2-season-winds-down-200599181","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114089066","content_text":"Wall Street’s second quarter earnings season has all but wound down, but results in the coming weeks are due from a variety of cloud-computing Software-as-a-Service (SaaS) companies.\nThe sector sold off sharply earlier this year amid valuation concerns, before it regained its footing, with the First Trust ISE Cloud Computing Index Fund rising to its highest level on record earlier this month.\nSKYY ETF Daily Chart\nBelow we highlight three SaaS leaders well worth considering ahead of their upcoming quarterly earnings reports.\n1. CrowdStrike Holdings\n\nEarnings Date: Tuesday, Aug. 31\nEPS Growth Estimate: +166.6% Y-o-Y\nRevenue Growth Estimate: +62.4% Y-o-Y\nYear-To-Date Performance: +9.9%\nMarket Cap: $52.5 Billion\n\nCrowdStrike Holdings, Inc.—which has beaten Wall Street’s sales estimates in every quarter since going public in June 2019—is scheduled to report its latest financial results after the U.S. market closes on Tuesday, Aug. 31.\nConsensus expectations call for the cloud-based cybersecurity specialist, whose technology is used to detect and prevent security breaches, to post earnings per share (EPS) of $0.08 for the second quarter, improving roughly 167% from EPS of $0.03 in the year-ago period.\nMeanwhile, revenue is forecast to jump around 62% year-over-year to an all-time high of $323.3 million, reflecting the ongoing surge in demand for its Falcon cybersecurity platform.\nBeyond the top-and-bottom line numbers, investors will keep an eye on growth in CrowdStrike’s total subscription customers. The endpoint security leader—which counts nearly half of the Fortune 100 companies as clients—said it had a total of 11,420 customers as of the end of its last quarter, up 82% year-over-year.\nMarket players will also pay close attention to the cyber company’s outlook for the rest of the year as it looks to be one of the main beneficiaries of the ongoing increase in cybersecurity spending amid the rampant surge in cyberattacks.\nCRWD Daily Stock Chart\nShares of the Sunnyvale, California-based company, which soared 324% in 2020 thanks to a growing wave of enterprise cybersecurity spending during the COVID pandemic, have seen their ascent slow this year, climbing just 9.9% in 2021.\nCRWD stock ended Tuesday’s session at $232.64, earning the company a valuation of $52.5 billion. At current levels, shares remain about 14.5% below their all-time high of $272.63 reached on July 23.\n2. Okta\n\nEarnings Date: Wednesday, Sept. 1\nEPS Growth Estimate: -600% Y-o-Y\nRevenue Growth Estimate: +48% Y-o-Y\nYear-To-Date Performance: -9.3%\nMarket Cap: $35.3 Billion\n\nOkta Inc., which beat expectations for earnings and revenue for its last quarter in late May, but provided weak guidance and announced the departure of its chief financial officer, is slated to next report financial results after the closing bell on Wednesday, Sept. 1.\nConsensus calls for a loss per share of $0.35 for the second quarter, compared to earnings of $0.07 per share in the year-ago period, due mostly to the impact of its recent $6.5 billion acquisition of Auth0, which provides an identity management platform for application builders.\nRevenue is forecast to jump 48% year-over-year to an all-time high of $296.7 million, thanks to strong demand from large enterprises for its cloud-based identity and access management software.\nAs such, investors will focus on Okta’s subscription software revenue, which grew 38% in the last quarter to $240 million, amid the shift to remote work during the ongoing health crisis.\nIn addition to EPS and revenue, market participants will scrutinize the company’s update regarding its outlook for the months ahead. The identity-and-access management specialist projected a loss in a range of $1.13 to $1.16 per share for fiscal 2022 in the last quarter. It forecast full-year revenue of $1.22 billion at its midpoint of guidance, representing growth of 46% year-over-year.\nOKTA Daily Chart\nOKTA stock closed at $230.56 last night, roughly 22% below its record peak of $294.00 touched in mid-February. At current levels, the San Francisco, California-based cybersecurity company has a market cap of $35.3 billion.\nAfter seeing its stock surge 120% in 2020 thanks to robust demand for its cybersecurity platform, Okta shares are down nearly 9% year-to-date as investor sentiment cooled on high-growth tech shares which rallied throughout the COVID-19 pandemic.\n3. DocuSign\n\nEarnings Date: Thursday, Sept. 2\nEPS Growth Estimate: +135.3% Y-o-Y\nRevenue Growth Estimate: +42.8% Y-o-Y\nYear-To-Date Performance: +28.5%\nMarket Cap: $55.6 Billion\n\nDocusign—which shattered profit and sales records in the last quarter because of soaring demand for its e-signature platform—is projected to report financial results for its fiscal second quarter on Thursday, Sept. 2 after the close.\nConsensus estimates call for the software-as-a-service company to post earnings per share of $0.40, improving 135% from EPS of $0.17 in the year-ago period.\nRevenue is expected to jump about 43% year-over-year to a record $488.7 million, thanks to strong demand for its Agreement Cloud e-signature platform amid the shift to remote work.\nIn addition to the top- and bottom-line numbers, market players will also focus on DocuSign’s update regarding its enterprise customer additions to see if it can maintain its torrid pace of growth. The company announced in its Q1 earnings report that clients with annual contract values of greater than $300,000 grew roughly 30% from the year-ago period to 673.\nInvestors will also concentrate on comments from DocuSign’s management regarding the outlook for the current quarter and beyond, as the existing operating environment has created a perfect backdrop for the e-signature giant to thrive.\nDOCU Daily Chart\nDOCU stock, which reached a record high of $314.49 on Aug. 10, ended at $285.58 yesterday, earning the San Francisco, California-based tech company a valuation of $55.6 billion.\nDocuSign shares have been a big winner amid the pandemic, rising 200% in 2020, as the shift to the work-from-home environment led to more companies signing contracts electronically over the internet. Year-to-date, DOCU has gained another 28.5%, easily outperforming the broader market.","news_type":1,"symbols_score_info":{"OKTA":0.9,"CRWD":0.9,"DOCU":0.9,"SKYY":0.9}},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831974359,"gmtCreate":1629284607771,"gmtModify":1631890622657,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/831974359","repostId":"1139536363","repostType":4,"repost":{"id":"1139536363","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":1629281334,"share":"https://www.laohu8.com/m/news/1139536363?lang=zh_CN&edition=full","pubTime":"2021-08-18 18:08","market":"us","language":"en","title":"Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139536363","media":"Tiger Newspress","summary":"(Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37","content":"<p>(Aug 18)&nbsp;<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a> reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.</p><p><blockquote>（8月18日）<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>报告每股收益为0.32美元（非公认会计准则），分析师普遍预期为2.37美元。</blockquote></p><p> Vipshop&nbsp;gained&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>唯品会盘前交易中上涨近6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/534a8f80eaa6b053e49a90446b0c2742\" tg-width=\"1207\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Vipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.</p><p><blockquote>唯品会第二季度非GAAP每股收益0.32美元低于预期0.04美元；GAAP每股收益为0.24美元低于预期为0.07美元。</blockquote></p><p> Revenue of $4.6B (+22.8% Y/Y)&nbsp;beats by $30M.</p><p><blockquote>收入为$4.6 B（同比增长22.8%）超过预期为$3000万。</blockquote></p><p> GMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.</p><p><blockquote>2021年第二季度的GMV由去年同期的人民币384亿元同比增长25%至人民币481亿元。</blockquote></p><p> The number of active customers&nbsp;for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.</p><p><blockquote>2021年第二季度的活跃客户数量同比增长32%，从去年同期的3880万增至5110万。</blockquote></p><p> Total orders&nbsp;for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.</p><p><blockquote>2021年第二季度订单总额同比增长30%，从去年同期的1.705亿份增至2.215亿份。</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>Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</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\">\nVipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</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\">2021-08-18 18:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 18)&nbsp;<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a> reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.</p><p><blockquote>（8月18日）<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>报告每股收益为0.32美元（非公认会计准则），分析师普遍预期为2.37美元。</blockquote></p><p> Vipshop&nbsp;gained&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>唯品会盘前交易中上涨近6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/534a8f80eaa6b053e49a90446b0c2742\" tg-width=\"1207\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Vipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.</p><p><blockquote>唯品会第二季度非GAAP每股收益0.32美元低于预期0.04美元；GAAP每股收益为0.24美元低于预期为0.07美元。</blockquote></p><p> Revenue of $4.6B (+22.8% Y/Y)&nbsp;beats by $30M.</p><p><blockquote>收入为$4.6 B（同比增长22.8%）超过预期为$3000万。</blockquote></p><p> GMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.</p><p><blockquote>2021年第二季度的GMV由去年同期的人民币384亿元同比增长25%至人民币481亿元。</blockquote></p><p> The number of active customers&nbsp;for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.</p><p><blockquote>2021年第二季度的活跃客户数量同比增长32%，从去年同期的3880万增至5110万。</blockquote></p><p> Total orders&nbsp;for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.</p><p><blockquote>2021年第二季度订单总额同比增长30%，从去年同期的1.705亿份增至2.215亿份。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIPS":"唯品会"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139536363","content_text":"(Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.\nVipshop gained nearly 6% in premarket trading.\n\nVipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.\nRevenue of $4.6B (+22.8% Y/Y) beats by $30M.\nGMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.\nThe number of active customers for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.\nTotal orders for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.","news_type":1,"symbols_score_info":{"VIPS":0.9}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897854233,"gmtCreate":1628907628022,"gmtModify":1631890622663,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/897854233","repostId":"2159215280","repostType":4,"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894691191,"gmtCreate":1628819917613,"gmtModify":1631890622664,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582369805071814","authorIdStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898494836","repostId":"1166983029","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":160043721,"gmtCreate":1623767557863,"gmtModify":1631890622628,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/160043721","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891655785,"gmtCreate":1628388294847,"gmtModify":1631890622642,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/891655785","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","kind":"news","pubTimestamp":1628386129,"share":"https://www.laohu8.com/m/news/1180529438?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission  sued the organization responsible for the development of a decentralized finance  protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">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>SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</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\">\nSEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-08 09:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">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/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815925882,"gmtCreate":1630637264046,"gmtModify":1631890622590,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/815925882","repostId":"2164829818","repostType":4,"isVote":1,"tweetType":1,"viewCount":2789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838138417,"gmtCreate":1629380351439,"gmtModify":1631890622654,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/838138417","repostId":"1167927608","repostType":4,"repost":{"id":"1167927608","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":1629379631,"share":"https://www.laohu8.com/m/news/1167927608?lang=zh_CN&edition=full","pubTime":"2021-08-19 21:27","market":"us","language":"en","title":"Stocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167927608","media":"Tiger Newspress","summary":"(Aug 19) Stocks open lower as investors assess Fed taper timetable, rising COVID cases. \nDow industr","content":"<p>(Aug 19)&nbsp;Stocks open lower as investors assess Fed taper timetable, rising COVID cases.&nbsp;</p><p><blockquote>（8月19日）由于投资者评估美联储缩减时间表，COVID病例增加，股市开盘走低。</blockquote></p><p> Dow industrials down 235 points, or 0.7%, at 34,726. S&amp;P 500 down 0.6% at 4,372.80. Nasdaq Composite off 0.5% at 14,455.11.</p><p><blockquote>道指下跌235点，即0.7%，至34,726点。标普500下跌0.6%，至4,372.80点。纳斯达克综合指数下跌0.5%，至14,455.11点。</blockquote></p><p> China concepts stocks sink.&nbsp;Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.</p><p><blockquote>中国概念股下跌。在两个政府部门表示可能会对该行业实施额外监管后，中国科技股遭到抛售，其中一些互联网巨头领跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/85df42638990df56a73d0f4614462245\" tg-width=\"285\" tg-height=\"776\" referrerpolicy=\"no-referrer\">Fresh data showed that&nbsp;jobless claims fell to a pandemic low&nbsp;of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January.</p><p><blockquote>最新数据显示，上周初请失业金人数降至疫情低点34.8万人，表明劳动力市场继续复苏。自1月份以来，新申请失业救济人数下降了50%以上。</blockquote></p><p> Stock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that&nbsp;rising coronavirus cases&nbsp;in the U.S. and elsewhere will dent the global economic recovery at the same time as the Fed is gearing up to&nbsp;rein in its huge bond-buying program.</p><p><blockquote>股市在艰难创下一系列历史新高后，本周遭遇动荡。鉴于盈利快速增长，投资者普遍对股价前景保持乐观。但一些人变得更加谨慎，担心在美联储准备遏制其庞大的债券购买计划的同时，美国和其他地方不断上升的冠状病毒病例将削弱全球经济复苏。</blockquote></p><p> “These things are going to cause market volatility,” said Caroline Simmons, U.K chief investment officer at UBS Global Wealth Management. “People are trying to work out what [the Delta variant] is going to mean: does it mean more lockdowns, is it going to damage growth?”</p><p><blockquote>瑞银全球财富管理英国首席投资官卡罗琳·西蒙斯表示：“这些事情将导致市场波动。”“人们正在试图弄清楚[德尔塔变异毒株]将意味着什么：这是否意味着更多的封锁，是否会损害经济增长？”</blockquote></p><p> Commodity producers lost ground ahead of the bell in New York as energy and material prices retreated.Devon Energy,miner Freeport-McMoRan and Occidental Petroleum all fell 3% or more in premarket trading.</p><p><blockquote>随着能源和材料价格回落，大宗商品生产商在纽约盘前下跌。德文能源公司、矿业公司自由港麦克莫兰公司和西方石油公司在盘前交易中均下跌3%或更多。</blockquote></p><p> A bright spot came fromBath &amp; Body Works,which rose almost 5% after the retailer, formerly known as L Brands, beat analysts’ earnings expectations for the second quarter.Nvidiaadded 1.6% after the graphics-chip maker posted record quarterly profits and sales.</p><p><blockquote>Bath&amp;Body Works是一个亮点，在这家零售商（前身为L Brands）第二季度盈利超出分析师预期后，该公司股价上涨近5%。在这家图形芯片制造商公布创纪录的季度利润和销售额后，英伟达股价上涨1.6%。</blockquote></p><p> Broadly, though, investors moved out of assets that are particularly sensitive to the global economic recovery, and into those seen as more sheltered. The dollar, viewed as a haven by money managers, strengthened, pushing the ICE Dollar Index up 0.3% to its highest level since November.</p><p><blockquote>不过，总体而言，投资者从对全球经济复苏特别敏感的资产转向了那些被视为更受保护的资产。被基金经理视为避风港的美元走强，推动ICE美元指数上涨0.3%，至11月以来最高水平。</blockquote></p><p> Government bonds rallied, pushing down yields. The yield on 10-year Treasury notes slid to 1.242% from 1.273% Wednesday. Yields fall when bond prices rise.</p><p><blockquote>政府债券上涨，压低收益率。10年期美国国债收益率从周三的1.273%下滑至1.242%。当债券价格上涨时，收益率就会下降。</blockquote></p><p> In another sign of jitters among investors, the Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.69. That marked its highest level since May.</p><p><blockquote>投资者不安的另一个迹象是，衡量股市预期波动的芝加哥期权交易所波动率指数升至23.69。这是自5月份以来的最高水平。</blockquote></p><p> Minutes of the Fed’s July meeting, published Wednesday, revealed an emerging consensus to scale back $120 billion in monthly asset purchases this year. The minutes said several officials favored reducing asset purchases in the coming months to position the Fed to potentially raise interest rates if the economy strengthens further next year.</p><p><blockquote>周三公布的美联储7月会议纪要显示，人们正在形成共识，即今年将每月资产购买规模缩减1200亿美元。会议纪要称，几位官员赞成在未来几个月减少资产购买，以使美联储在明年经济进一步走强时有可能加息。</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>Stocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</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\">\nStocks open lower as investors assess Fed taper timetable, rising COVID cases<blockquote>由于投资者评估美联储缩减时间表以及新冠病例增加，股市开盘走低</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\">2021-08-19 21:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 19)&nbsp;Stocks open lower as investors assess Fed taper timetable, rising COVID cases.&nbsp;</p><p><blockquote>（8月19日）由于投资者评估美联储缩减时间表，COVID病例增加，股市开盘走低。</blockquote></p><p> Dow industrials down 235 points, or 0.7%, at 34,726. S&amp;P 500 down 0.6% at 4,372.80. Nasdaq Composite off 0.5% at 14,455.11.</p><p><blockquote>道指下跌235点，即0.7%，至34,726点。标普500下跌0.6%，至4,372.80点。纳斯达克综合指数下跌0.5%，至14,455.11点。</blockquote></p><p> China concepts stocks sink.&nbsp;Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.</p><p><blockquote>中国概念股下跌。在两个政府部门表示可能会对该行业实施额外监管后，中国科技股遭到抛售，其中一些互联网巨头领跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/85df42638990df56a73d0f4614462245\" tg-width=\"285\" tg-height=\"776\" referrerpolicy=\"no-referrer\">Fresh data showed that&nbsp;jobless claims fell to a pandemic low&nbsp;of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January.</p><p><blockquote>最新数据显示，上周初请失业金人数降至疫情低点34.8万人，表明劳动力市场继续复苏。自1月份以来，新申请失业救济人数下降了50%以上。</blockquote></p><p> Stock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that&nbsp;rising coronavirus cases&nbsp;in the U.S. and elsewhere will dent the global economic recovery at the same time as the Fed is gearing up to&nbsp;rein in its huge bond-buying program.</p><p><blockquote>股市在艰难创下一系列历史新高后，本周遭遇动荡。鉴于盈利快速增长，投资者普遍对股价前景保持乐观。但一些人变得更加谨慎，担心在美联储准备遏制其庞大的债券购买计划的同时，美国和其他地方不断上升的冠状病毒病例将削弱全球经济复苏。</blockquote></p><p> “These things are going to cause market volatility,” said Caroline Simmons, U.K chief investment officer at UBS Global Wealth Management. “People are trying to work out what [the Delta variant] is going to mean: does it mean more lockdowns, is it going to damage growth?”</p><p><blockquote>瑞银全球财富管理英国首席投资官卡罗琳·西蒙斯表示：“这些事情将导致市场波动。”“人们正在试图弄清楚[德尔塔变异毒株]将意味着什么：这是否意味着更多的封锁，是否会损害经济增长？”</blockquote></p><p> Commodity producers lost ground ahead of the bell in New York as energy and material prices retreated.Devon Energy,miner Freeport-McMoRan and Occidental Petroleum all fell 3% or more in premarket trading.</p><p><blockquote>随着能源和材料价格回落，大宗商品生产商在纽约盘前下跌。德文能源公司、矿业公司自由港麦克莫兰公司和西方石油公司在盘前交易中均下跌3%或更多。</blockquote></p><p> A bright spot came fromBath &amp; Body Works,which rose almost 5% after the retailer, formerly known as L Brands, beat analysts’ earnings expectations for the second quarter.Nvidiaadded 1.6% after the graphics-chip maker posted record quarterly profits and sales.</p><p><blockquote>Bath&amp;Body Works是一个亮点，在这家零售商（前身为L Brands）第二季度盈利超出分析师预期后，该公司股价上涨近5%。在这家图形芯片制造商公布创纪录的季度利润和销售额后，英伟达股价上涨1.6%。</blockquote></p><p> Broadly, though, investors moved out of assets that are particularly sensitive to the global economic recovery, and into those seen as more sheltered. The dollar, viewed as a haven by money managers, strengthened, pushing the ICE Dollar Index up 0.3% to its highest level since November.</p><p><blockquote>不过，总体而言，投资者从对全球经济复苏特别敏感的资产转向了那些被视为更受保护的资产。被基金经理视为避风港的美元走强，推动ICE美元指数上涨0.3%，至11月以来最高水平。</blockquote></p><p> Government bonds rallied, pushing down yields. The yield on 10-year Treasury notes slid to 1.242% from 1.273% Wednesday. Yields fall when bond prices rise.</p><p><blockquote>政府债券上涨，压低收益率。10年期美国国债收益率从周三的1.273%下滑至1.242%。当债券价格上涨时，收益率就会下降。</blockquote></p><p> In another sign of jitters among investors, the Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.69. That marked its highest level since May.</p><p><blockquote>投资者不安的另一个迹象是，衡量股市预期波动的芝加哥期权交易所波动率指数升至23.69。这是自5月份以来的最高水平。</blockquote></p><p> Minutes of the Fed’s July meeting, published Wednesday, revealed an emerging consensus to scale back $120 billion in monthly asset purchases this year. The minutes said several officials favored reducing asset purchases in the coming months to position the Fed to potentially raise interest rates if the economy strengthens further next year.</p><p><blockquote>周三公布的美联储7月会议纪要显示，人们正在形成共识，即今年将每月资产购买规模缩减1200亿美元。会议纪要称，几位官员赞成在未来几个月减少资产购买，以使美联储在明年经济进一步走强时有可能加息。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167927608","content_text":"(Aug 19) Stocks open lower as investors assess Fed taper timetable, rising COVID cases. \nDow industrials down 235 points, or 0.7%, at 34,726. S&P 500 down 0.6% at 4,372.80. Nasdaq Composite off 0.5% at 14,455.11.\nChina concepts stocks sink. Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.\nFresh data showed that jobless claims fell to a pandemic low of 348,000 last week, suggesting the labor market continues to heal. New jobless claims are down more than 50% since January.\nStock markets have hit turbulence this week after eking out a series of record highs. Investors broadly remain upbeat about the outlook for share prices, given the rapid pace of earnings growth. But some have grown more cautious, concerned that rising coronavirus cases in the U.S. and elsewhere will dent the global economic recovery at the same time as the Fed is gearing up to rein in its huge bond-buying program.\n“These things are going to cause market volatility,” said Caroline Simmons, U.K chief investment officer at UBS Global Wealth Management. “People are trying to work out what [the Delta variant] is going to mean: does it mean more lockdowns, is it going to damage growth?”\nCommodity producers lost ground ahead of the bell in New York as energy and material prices retreated.Devon Energy,miner Freeport-McMoRan and Occidental Petroleum all fell 3% or more in premarket trading.\nA bright spot came fromBath & Body Works,which rose almost 5% after the retailer, formerly known as L Brands, beat analysts’ earnings expectations for the second quarter.Nvidiaadded 1.6% after the graphics-chip maker posted record quarterly profits and sales.\nBroadly, though, investors moved out of assets that are particularly sensitive to the global economic recovery, and into those seen as more sheltered. The dollar, viewed as a haven by money managers, strengthened, pushing the ICE Dollar Index up 0.3% to its highest level since November.\nGovernment bonds rallied, pushing down yields. The yield on 10-year Treasury notes slid to 1.242% from 1.273% Wednesday. Yields fall when bond prices rise.\nIn another sign of jitters among investors, the Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.69. That marked its highest level since May.\nMinutes of the Fed’s July meeting, published Wednesday, revealed an emerging consensus to scale back $120 billion in monthly asset purchases this year. The minutes said several officials favored reducing asset purchases in the coming months to position the Fed to potentially raise interest rates if the economy strengthens further next year.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119313008,"gmtCreate":1622518788404,"gmtModify":1631890622664,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/119313008","repostId":"2140457401","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195106881,"gmtCreate":1621260473843,"gmtModify":1631890622677,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/195106881","repostId":"2135984810","repostType":4,"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893356187,"gmtCreate":1628240428949,"gmtModify":1631890622704,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/893356187","repostId":"1135651416","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806019710,"gmtCreate":1627615887330,"gmtModify":1631890622713,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/806019710","repostId":"2155184148","repostType":4,"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176934579,"gmtCreate":1626853387491,"gmtModify":1631890622724,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/176934579","repostId":"1192375368","repostType":4,"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831974359,"gmtCreate":1629284607771,"gmtModify":1631890622657,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/831974359","repostId":"1139536363","repostType":4,"repost":{"id":"1139536363","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":1629281334,"share":"https://www.laohu8.com/m/news/1139536363?lang=zh_CN&edition=full","pubTime":"2021-08-18 18:08","market":"us","language":"en","title":"Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139536363","media":"Tiger Newspress","summary":"(Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37","content":"<p>(Aug 18)&nbsp;<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a> reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.</p><p><blockquote>（8月18日）<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>报告每股收益为0.32美元（非公认会计准则），分析师普遍预期为2.37美元。</blockquote></p><p> Vipshop&nbsp;gained&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>唯品会盘前交易中上涨近6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/534a8f80eaa6b053e49a90446b0c2742\" tg-width=\"1207\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Vipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.</p><p><blockquote>唯品会第二季度非GAAP每股收益0.32美元低于预期0.04美元；GAAP每股收益为0.24美元低于预期为0.07美元。</blockquote></p><p> Revenue of $4.6B (+22.8% Y/Y)&nbsp;beats by $30M.</p><p><blockquote>收入为$4.6 B（同比增长22.8%）超过预期为$3000万。</blockquote></p><p> GMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.</p><p><blockquote>2021年第二季度的GMV由去年同期的人民币384亿元同比增长25%至人民币481亿元。</blockquote></p><p> The number of active customers&nbsp;for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.</p><p><blockquote>2021年第二季度的活跃客户数量同比增长32%，从去年同期的3880万增至5110万。</blockquote></p><p> Total orders&nbsp;for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.</p><p><blockquote>2021年第二季度订单总额同比增长30%，从去年同期的1.705亿份增至2.215亿份。</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>Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</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\">\nVipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37<blockquote>唯品会公布每股收益0.32美元（非美国通用会计准则），分析师普遍预期为2.37美元</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\">2021-08-18 18:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 18)&nbsp;<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a> reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.</p><p><blockquote>（8月18日）<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>报告每股收益为0.32美元（非公认会计准则），分析师普遍预期为2.37美元。</blockquote></p><p> Vipshop&nbsp;gained&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>唯品会盘前交易中上涨近6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/534a8f80eaa6b053e49a90446b0c2742\" tg-width=\"1207\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Vipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.</p><p><blockquote>唯品会第二季度非GAAP每股收益0.32美元低于预期0.04美元；GAAP每股收益为0.24美元低于预期为0.07美元。</blockquote></p><p> Revenue of $4.6B (+22.8% Y/Y)&nbsp;beats by $30M.</p><p><blockquote>收入为$4.6 B（同比增长22.8%）超过预期为$3000万。</blockquote></p><p> GMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.</p><p><blockquote>2021年第二季度的GMV由去年同期的人民币384亿元同比增长25%至人民币481亿元。</blockquote></p><p> The number of active customers&nbsp;for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.</p><p><blockquote>2021年第二季度的活跃客户数量同比增长32%，从去年同期的3880万增至5110万。</blockquote></p><p> Total orders&nbsp;for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.</p><p><blockquote>2021年第二季度订单总额同比增长30%，从去年同期的1.705亿份增至2.215亿份。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIPS":"唯品会"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139536363","content_text":"(Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.\nVipshop gained nearly 6% in premarket trading.\n\nVipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.\nRevenue of $4.6B (+22.8% Y/Y) beats by $30M.\nGMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.\nThe number of active customers for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.\nTotal orders for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.","news_type":1,"symbols_score_info":{"VIPS":0.9}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140698703,"gmtCreate":1625651461602,"gmtModify":1631890622753,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/140698703","repostId":"1142292077","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819554517,"gmtCreate":1630079702139,"gmtModify":1704955735185,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/819554517","repostId":"1123342356","repostType":4,"isVote":1,"tweetType":1,"viewCount":2134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177165950,"gmtCreate":1627187580470,"gmtModify":1631890622781,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/177165950","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://www.laohu8.com/m/news/1112927800?lang=zh_CN&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何，蔚来的独特卖点，以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不太昂贵。</li><li>然而，蔚来并不是一只低风险股票，它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司（蔚来）是中国领先的电动汽车制造商之一，通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而，如今，该公司仍然比目前引领全球电动汽车市场的特斯拉（TSLA）小得多。蔚来目前专注于国内市场，当特斯拉还是一家较小的公司时也是如此，但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长，但如果蔚来能够复制特斯拉的成功，这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%，而特斯拉同期上涨了101%。然而，两家公司目前的交易价格均低于2021年初创下的历史高点，随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的，那么蔚来是一项更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，两者是相似的，但在另一些方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也在发展其他一些业务，例如储能。特斯拉的大部分收入来自销售电动汽车，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆，特斯拉是著名的S、X、3和Y，而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施，就特斯拉而言，这就是Supercharger网络，特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池，这一过程需要几分钟，因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/交换所需时间方面具有优势，但应该指出的是，与蔚来的电池交换站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商相比，蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察，但随着电动汽车领域的竞争加剧，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了201,000辆汽车，高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长，尽管略低于100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为9倍，当我们查看两家公司的市值时，我们发现这一比例几乎完全相同，因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下，这是完全有道理的，但目前看来蔚来可能是更好的交易，因为它的估值相当，同时产生更好的增长。在未来几个季度尤其如此，预计特斯拉的增长将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元，年增长率为54%。因此，相对而言，预计未来两年蔚来的增长速度将远远快于特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家规模越大的公司来说，保持大幅增长率就变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来2025年的收入预期为226亿美元，比2023年的预期再增长80%，比分析师对2021年的预测增长320%。与此同时，特斯拉预计2025年的收入将达到1,225亿美元，这是一个很大的数字，但比2023年增长了48%，比2021年总共增长了150%。因此，在2021年至2025年间，蔚来的收入将增加4倍，而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下，这是一个有意义的差异，应该允许蔚来获得溢价估值，就像特斯拉一样。与大众汽车（OTCPK：VWAGY）等传统企业相比，它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期，我们发现蔚来的市盈率为2025年销售额的3.2倍，而特斯拉2025年的销售额倍数为5.2倍。因此，对于长期投资者来说，蔚来今天似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使2025年3.2倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今，蔚来的规模明显小于特斯拉，因此其市值也相应地小得多。还应该指出的是，不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票定价过低，这也是一种可能性，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时，那么蔚来最终也可能达到这一目标，尽管不是在短期内。蔚来今年将销售约9万辆汽车，2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%，那么到2030年（即9年后），它可能会售出约80万辆汽车。如果想要更快的增长，也可以在2030年之前跨越每年80万辆汽车的界限，例如2028年或2029年。如果我们现在确实选择2030年，那么按照与特斯拉类似的交付量与市值比率，蔚来到2030年的估值可能会超过6000亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能会与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶，因此蔚来的市值在2030年可能远低于6000亿美元的水平，即使它继续大幅增长。蔚来的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌，处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这一水平，也不能保证两家公司的市值会相似。到那时，特斯拉的估值可能会高得多，例如如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内像特斯拉一样价值数千亿美元，但这根本不能保证。即使这种情况发生，到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反，投资者应该问自己，未来几年他们可以预期的总回报是多少，以及相对于蔚来商业模式的风险，这些预期回报是否足够高。关于这些风险，应该提到的事实是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池交换而处于相对有利的地位，我认为这是一个强大的USP。最后但并非最不重要的是，该公司对中国本土市场的依赖是一个应该牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业，其交易也有巨大的折扣。但如果你想投资纯电动汽车，蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率，并且与电动汽车之王特斯拉的估值相比，股票交易价格有折扣。与其他纯电动汽车公司相比，蔚来2025年收入略高于3倍，似乎并不算太贵，当然，与传统公司相比，这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的下跌空间，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的纯电动汽车，蔚来仍然可能具有价值。</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-24 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何，蔚来的独特卖点，以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不太昂贵。</li><li>然而，蔚来并不是一只低风险股票，它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司（蔚来）是中国领先的电动汽车制造商之一，通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而，如今，该公司仍然比目前引领全球电动汽车市场的特斯拉（TSLA）小得多。蔚来目前专注于国内市场，当特斯拉还是一家较小的公司时也是如此，但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长，但如果蔚来能够复制特斯拉的成功，这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%，而特斯拉同期上涨了101%。然而，两家公司目前的交易价格均低于2021年初创下的历史高点，随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的，那么蔚来是一项更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，两者是相似的，但在另一些方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也在发展其他一些业务，例如储能。特斯拉的大部分收入来自销售电动汽车，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆，特斯拉是著名的S、X、3和Y，而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施，就特斯拉而言，这就是Supercharger网络，特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池，这一过程需要几分钟，因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/交换所需时间方面具有优势，但应该指出的是，与蔚来的电池交换站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商相比，蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察，但随着电动汽车领域的竞争加剧，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了201,000辆汽车，高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长，尽管略低于100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为9倍，当我们查看两家公司的市值时，我们发现这一比例几乎完全相同，因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下，这是完全有道理的，但目前看来蔚来可能是更好的交易，因为它的估值相当，同时产生更好的增长。在未来几个季度尤其如此，预计特斯拉的增长将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元，年增长率为54%。因此，相对而言，预计未来两年蔚来的增长速度将远远快于特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家规模越大的公司来说，保持大幅增长率就变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来2025年的收入预期为226亿美元，比2023年的预期再增长80%，比分析师对2021年的预测增长320%。与此同时，特斯拉预计2025年的收入将达到1,225亿美元，这是一个很大的数字，但比2023年增长了48%，比2021年总共增长了150%。因此，在2021年至2025年间，蔚来的收入将增加4倍，而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下，这是一个有意义的差异，应该允许蔚来获得溢价估值，就像特斯拉一样。与大众汽车（OTCPK：VWAGY）等传统企业相比，它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期，我们发现蔚来的市盈率为2025年销售额的3.2倍，而特斯拉2025年的销售额倍数为5.2倍。因此，对于长期投资者来说，蔚来今天似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使2025年3.2倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今，蔚来的规模明显小于特斯拉，因此其市值也相应地小得多。还应该指出的是，不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票定价过低，这也是一种可能性，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时，那么蔚来最终也可能达到这一目标，尽管不是在短期内。蔚来今年将销售约9万辆汽车，2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%，那么到2030年（即9年后），它可能会售出约80万辆汽车。如果想要更快的增长，也可以在2030年之前跨越每年80万辆汽车的界限，例如2028年或2029年。如果我们现在确实选择2030年，那么按照与特斯拉类似的交付量与市值比率，蔚来到2030年的估值可能会超过6000亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能会与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶，因此蔚来的市值在2030年可能远低于6000亿美元的水平，即使它继续大幅增长。蔚来的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌，处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这一水平，也不能保证两家公司的市值会相似。到那时，特斯拉的估值可能会高得多，例如如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内像特斯拉一样价值数千亿美元，但这根本不能保证。即使这种情况发生，到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反，投资者应该问自己，未来几年他们可以预期的总回报是多少，以及相对于蔚来商业模式的风险，这些预期回报是否足够高。关于这些风险，应该提到的事实是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池交换而处于相对有利的地位，我认为这是一个强大的USP。最后但并非最不重要的是，该公司对中国本土市场的依赖是一个应该牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业，其交易也有巨大的折扣。但如果你想投资纯电动汽车，蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率，并且与电动汽车之王特斯拉的估值相比，股票交易价格有折扣。与其他纯电动汽车公司相比，蔚来2025年收入略高于3倍，似乎并不算太贵，当然，与传统公司相比，这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的下跌空间，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的纯电动汽车，蔚来仍然可能具有价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148921268,"gmtCreate":1625919269254,"gmtModify":1631890622799,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/148921268","repostId":"2150370120","repostType":4,"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140966552,"gmtCreate":1625624210276,"gmtModify":1631890622805,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/140966552","repostId":"1171645479","repostType":4,"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169717688,"gmtCreate":1623850953044,"gmtModify":1631893850904,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/169717688","repostId":"1138545791","repostType":4,"repost":{"id":"1138545791","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":1623850706,"share":"https://www.laohu8.com/m/news/1138545791?lang=zh_CN&edition=full","pubTime":"2021-06-16 21:38","market":"us","language":"en","title":"General Motors shares surges more than 3% in moring trading<blockquote>通用汽车股价早盘飙升逾3%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138545791","media":"Tiger Newspress","summary":"General Motors shares surges more than 3% in moring trading.\nGeneral Motors said on Wednesday it wil","content":"<p>General Motors&nbsp;shares&nbsp;surges&nbsp;more&nbsp;than&nbsp;3%&nbsp;in&nbsp;moring&nbsp;trading.</p><p><blockquote>通用汽车股价在早盘交易中飙升超过3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62c4e8e4eca776efaebd98402c5b199b\" tg-width=\"801\" tg-height=\"594\" referrerpolicy=\"no-referrer\">General Motors&nbsp;said on Wednesday it will increase spending on electric and autonomous vehicles to $35 billion through 2025, a 30% increase from plans announced late last year. It also said it is raising its earnings guidance for the first half of the year.</p><p><blockquote>通用汽车周三表示，到2025年，将把电动和自动驾驶汽车的支出增加到350亿美元，比去年年底宣布的计划增加30%。该公司还表示，将上调今年上半年的盈利指引。</blockquote></p><p> The additional money will be used to&nbsp;expand its rollout of EVs and accelerate production of its battery and fuel cell technologies, including two new U.S. battery plants in addition to two that are currently under construction.</p><p><blockquote>额外的资金将用于扩大其电动汽车的推出并加速其电池和燃料电池技术的生产，除了目前正在建设的两家电池工厂之外，还包括两家新的美国电池工厂。</blockquote></p><p> America's largest automaker is racing to catch up to EV leaderTeslaand compete for a leadership position against other well-established automakers such asVolkswagen. GM plans to sell more than 1 million EVs annually by 2025.</p><p><blockquote>美国最大的汽车制造商正在竞相追赶电动汽车领导者特斯拉，并与大众汽车等其他知名汽车制造商争夺领导地位。通用汽车计划到2025年每年销售超过100万辆电动汽车。</blockquote></p><p> \"We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future,\" GM CEOMary Barrasaid in a statement.</p><p><blockquote>通用汽车首席执行官玛丽·巴拉在一份声明中表示：“我们正在积极投资一项全面且高度整合的计划，以确保通用汽车在向更可持续未来转型的各个方面处于领先地位。”</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>General Motors shares surges more than 3% in moring trading<blockquote>通用汽车股价早盘飙升逾3%</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\">\nGeneral Motors shares surges more than 3% in moring trading<blockquote>通用汽车股价早盘飙升逾3%</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 21:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>General Motors&nbsp;shares&nbsp;surges&nbsp;more&nbsp;than&nbsp;3%&nbsp;in&nbsp;moring&nbsp;trading.</p><p><blockquote>通用汽车股价在早盘交易中飙升超过3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62c4e8e4eca776efaebd98402c5b199b\" tg-width=\"801\" tg-height=\"594\" referrerpolicy=\"no-referrer\">General Motors&nbsp;said on Wednesday it will increase spending on electric and autonomous vehicles to $35 billion through 2025, a 30% increase from plans announced late last year. It also said it is raising its earnings guidance for the first half of the year.</p><p><blockquote>通用汽车周三表示，到2025年，将把电动和自动驾驶汽车的支出增加到350亿美元，比去年年底宣布的计划增加30%。该公司还表示，将上调今年上半年的盈利指引。</blockquote></p><p> The additional money will be used to&nbsp;expand its rollout of EVs and accelerate production of its battery and fuel cell technologies, including two new U.S. battery plants in addition to two that are currently under construction.</p><p><blockquote>额外的资金将用于扩大其电动汽车的推出并加速其电池和燃料电池技术的生产，除了目前正在建设的两家电池工厂之外，还包括两家新的美国电池工厂。</blockquote></p><p> America's largest automaker is racing to catch up to EV leaderTeslaand compete for a leadership position against other well-established automakers such asVolkswagen. GM plans to sell more than 1 million EVs annually by 2025.</p><p><blockquote>美国最大的汽车制造商正在竞相追赶电动汽车领导者特斯拉，并与大众汽车等其他知名汽车制造商争夺领导地位。通用汽车计划到2025年每年销售超过100万辆电动汽车。</blockquote></p><p> \"We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future,\" GM CEOMary Barrasaid in a statement.</p><p><blockquote>通用汽车首席执行官玛丽·巴拉在一份声明中表示：“我们正在积极投资一项全面且高度整合的计划，以确保通用汽车在向更可持续未来转型的各个方面处于领先地位。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138545791","content_text":"General Motors shares surges more than 3% in moring trading.\nGeneral Motors said on Wednesday it will increase spending on electric and autonomous vehicles to $35 billion through 2025, a 30% increase from plans announced late last year. It also said it is raising its earnings guidance for the first half of the year.\nThe additional money will be used to expand its rollout of EVs and accelerate production of its battery and fuel cell technologies, including two new U.S. battery plants in addition to two that are currently under construction.\nAmerica's largest automaker is racing to catch up to EV leaderTeslaand compete for a leadership position against other well-established automakers such asVolkswagen. GM plans to sell more than 1 million EVs annually by 2025.\n\"We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future,\" GM CEOMary Barrasaid in a statement.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183223553,"gmtCreate":1623333358072,"gmtModify":1634034475514,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/183223553","repostId":"1128810191","repostType":4,"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118633272,"gmtCreate":1622729731196,"gmtModify":1634098640729,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/118633272","repostId":"1156214856","repostType":4,"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137458582,"gmtCreate":1622381023446,"gmtModify":1634101914788,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/137458582","repostId":"2138488139","repostType":4,"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136721465,"gmtCreate":1622040506157,"gmtModify":1634184406226,"author":{"id":"3582369805071814","authorId":"3582369805071814","name":"TomTam","avatar":"https://static.tigerbbs.com/7d4158fab24080ff09635bb981677bf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582369805071814","idStr":"3582369805071814"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/136721465","repostId":"2138148094","repostType":4,"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}