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KennethAng08

KennethAng08

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2021-08-06

can I get a like please

抱歉，原内容已删除

2021-08-06

can I get a like please

20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>

2021-08-06

can I get a like please

"Enough For Tapering To Start": Wall Street Reacts To A Blockbuster Jobs Report<blockquote>“足以开始缩减规模”：华尔街对重磅就业报告的反应</blockquote>

2021-08-01

hi

抱歉，原内容已删除

2021-05-29

$Chewy, Inc.(CHWY)$nice

2021-05-29

$Chewy, Inc.(CHWY)$to the moon

2021-05-25

yes

How a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</blockquote>

去老虎APP查看更多动态

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(Getty Images/iStockphoto)</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师预计，提供云服务的公司未来将实现强劲的销售增长。（盖蒂图片社/iStockphoto）</span></p></blockquote></p><p> U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.</p><p><blockquote>尽管来自中国的传言和德尔塔变异毒株感染人数激增，但美国投资者仍然看涨。</blockquote></p><p> Cloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.</p><p><blockquote>云公司——那些处于计算能力向互联网分布式模式转变前沿的公司——预计将在未来几年快速增长，覆盖该领域的五家最大交易所交易基金中有四家即将创下历史新高。</blockquote></p><p> Below is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.</p><p><blockquote>下面是这些ETF持有的股票屏幕，显示了预计到2023年销售额增幅最大的股票。在一个许多参与者处于相对早期阶段的行业中，销售额的增长而不是盈利的增长可能是股价的最佳驱动力。</blockquote></p><p> To begin the screen, we looked at the five largest cloud ETFs:</p><p><blockquote>首先，我们查看了五只最大的云ETF：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36209ce827d95e822cad5128be8b146a\" tg-width=\"933\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> ETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.</p><p><blockquote>ETF可能是您采取广泛方法长期参与云革命的最佳方式。如果您对任何ETF感兴趣，您应该查看基金经理的网站。</blockquote></p><p> Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&amp;P 500 ETF&nbsp;and the Invesco QQQ Trust&nbsp;(which tracks the Nasdaq-100 Index) for comparison:</p><p><blockquote>以下是截至8月4日的总回报比较，以及SPDR标普500 ETF和Invesco QQQ Trust（跟踪纳斯达克100指数）的总回报比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/242f135b3c7cca3cbaae3ee574023c1f\" tg-width=\"942\" tg-height=\"577\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> The ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF&nbsp;is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.</p><p><blockquote>ETF的方法不同。例如，方舟下一代互联网ETF是唯一一只主动管理的。其他人跟踪一个指数。根据Ark Invest 8月5日发布的信息，它也是唯一一家持有特斯拉公司股票的公司，占投资组合的10.65%。特斯拉是一家电动汽车制造商，但它也可以被视为一家云公司，因为它不断通过互联网分发软件更新，并提供其他基于云的服务。</blockquote></p><p> Another holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.</p><p><blockquote>在五只云ETF中，ARKW独有的另一个持股是华特迪士尼公司，该公司通过其Disney+流媒体服务无疑是一个重要的云参与者，即使该公司没有直接说明其销售额有多少来自该快速增长的部分。</blockquote></p><p> As part of its description of ARKW, FactSet says the following:</p><p><blockquote>作为对ARKW描述的一部分，FactSet表示如下：</blockquote></p><p> <i>“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”</i></p><p><blockquote><i>“从广义上讲，ARKW的管理者似乎专注于物联网、云计算、数字货币和可穿戴技术等热门词汇。虽然该基金的重点可能是吸引对这些新技术有信心的投资者，但投资组合的实施是一项更加困难的任务：大多数开发这些进步的公司都是大公司，新兴技术仅占总收入的一小部分。因此，很难纯粹接触ARKW的目标技术，因此请务必确认该基金的持股（而不仅仅是其论点）与您对该领域的看法一致。”</i></blockquote></p><p> <b>Cloud-stock screen</b></p><p><blockquote><b>云库存屏幕</b></blockquote></p><p> Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)</p><p><blockquote>上面列出的五只云ETF总共持有147只股票。为了预测2023年的销售增长，我们使用2020年日历的销售预测作为基线，然后查看FactSet调查的分析师对随后三年的一致预测（如果有）。（2020年的数字是估计值，因为许多公司的财年与日历不符。）</blockquote></p><p> To make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.</p><p><blockquote>为了确保我们有一套可靠的估计，我们将该小组限制在FactSet调查的至少5名分析师覆盖的126家公司，这些公司可以获得2020年至2023年的一致销售估计。</blockquote></p><p> Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:</p><p><blockquote>以下是预计到2023年销售额复合年增长率(CAGR)最高的20家公司：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517a23591cde159fb889ab80abc4bcc6\" tg-width=\"934\" tg-height=\"765\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6af2cf5b5f9f0ce50f8f023ac7babc7f\" tg-width=\"935\" tg-height=\"717\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b88ebe72e09cb9ce3294269f0a4ae431\" tg-width=\"935\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> There are actually 21 stocks listed, including Zillow Group Inc.’s Class A&nbsp;and Class C&nbsp;shares.</p><p><blockquote>实际上有21只股票上市，包括Zillow Group Inc.的A类和C类股票。</blockquote></p><p> It is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.</p><p><blockquote>有趣的是，该榜单以ARKW持有的股票为主。该基金对云公司有广泛的定义，也关注销售增长。</blockquote></p><p></p><p> Here are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.</p><p><blockquote>以下是基于未来12个月共识预测的当前远期市销率、当前市值与2023年预计销售额的比率以及分析师对这些股票的意见摘要。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b9c4bf1d8b1abcfa76b7d008a47ad7\" tg-width=\"938\" tg-height=\"805\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ff191189c5d7d2f31698843734ca3cc\" tg-width=\"933\" tg-height=\"773\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e9543489c4d52d3f1a69dfdcf170115\" tg-width=\"930\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> In comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.</p><p><blockquote>相比之下，SPDR标普500指数ETF的远期市销率为2.8，2023年预计市销率为2.6。对于QQQ，目前的市盈率为4.7，2023年将降至4.3。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cloud ETFs are close to record highs, propelled by a rally in the sector</p><p><blockquote>在该行业反弹的推动下，云ETF接近历史新高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78101d8010e186fe4df59b2ef82b5de6\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Analysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师预计，提供云服务的公司未来将实现强劲的销售增长。（盖蒂图片社/iStockphoto）</span></p></blockquote></p><p> U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.</p><p><blockquote>尽管来自中国的传言和德尔塔变异毒株感染人数激增，但美国投资者仍然看涨。</blockquote></p><p> Cloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.</p><p><blockquote>云公司——那些处于计算能力向互联网分布式模式转变前沿的公司——预计将在未来几年快速增长，覆盖该领域的五家最大交易所交易基金中有四家即将创下历史新高。</blockquote></p><p> Below is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.</p><p><blockquote>下面是这些ETF持有的股票屏幕，显示了预计到2023年销售额增幅最大的股票。在一个许多参与者处于相对早期阶段的行业中，销售额的增长而不是盈利的增长可能是股价的最佳驱动力。</blockquote></p><p> To begin the screen, we looked at the five largest cloud ETFs:</p><p><blockquote>首先，我们查看了五只最大的云ETF：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36209ce827d95e822cad5128be8b146a\" tg-width=\"933\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> ETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.</p><p><blockquote>ETF可能是您采取广泛方法长期参与云革命的最佳方式。如果您对任何ETF感兴趣，您应该查看基金经理的网站。</blockquote></p><p> Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&amp;P 500 ETF&nbsp;and the Invesco QQQ Trust&nbsp;(which tracks the Nasdaq-100 Index) for comparison:</p><p><blockquote>以下是截至8月4日的总回报比较，以及SPDR标普500 ETF和Invesco QQQ Trust（跟踪纳斯达克100指数）的总回报比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/242f135b3c7cca3cbaae3ee574023c1f\" tg-width=\"942\" tg-height=\"577\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> The ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF&nbsp;is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.</p><p><blockquote>ETF的方法不同。例如，方舟下一代互联网ETF是唯一一只主动管理的。其他人跟踪一个指数。根据Ark Invest 8月5日发布的信息，它也是唯一一家持有特斯拉公司股票的公司，占投资组合的10.65%。特斯拉是一家电动汽车制造商，但它也可以被视为一家云公司，因为它不断通过互联网分发软件更新，并提供其他基于云的服务。</blockquote></p><p> Another holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.</p><p><blockquote>在五只云ETF中，ARKW独有的另一个持股是华特迪士尼公司，该公司通过其Disney+流媒体服务无疑是一个重要的云参与者，即使该公司没有直接说明其销售额有多少来自该快速增长的部分。</blockquote></p><p> As part of its description of ARKW, FactSet says the following:</p><p><blockquote>作为对ARKW描述的一部分，FactSet表示如下：</blockquote></p><p> <i>“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”</i></p><p><blockquote><i>“从广义上讲，ARKW的管理者似乎专注于物联网、云计算、数字货币和可穿戴技术等热门词汇。虽然该基金的重点可能是吸引对这些新技术有信心的投资者，但投资组合的实施是一项更加困难的任务：大多数开发这些进步的公司都是大公司，新兴技术仅占总收入的一小部分。因此，很难纯粹接触ARKW的目标技术，因此请务必确认该基金的持股（而不仅仅是其论点）与您对该领域的看法一致。”</i></blockquote></p><p> <b>Cloud-stock screen</b></p><p><blockquote><b>云库存屏幕</b></blockquote></p><p> Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)</p><p><blockquote>上面列出的五只云ETF总共持有147只股票。为了预测2023年的销售增长，我们使用2020年日历的销售预测作为基线，然后查看FactSet调查的分析师对随后三年的一致预测（如果有）。（2020年的数字是估计值，因为许多公司的财年与日历不符。）</blockquote></p><p> To make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.</p><p><blockquote>为了确保我们有一套可靠的估计，我们将该小组限制在FactSet调查的至少5名分析师覆盖的126家公司，这些公司可以获得2020年至2023年的一致销售估计。</blockquote></p><p> Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:</p><p><blockquote>以下是预计到2023年销售额复合年增长率(CAGR)最高的20家公司：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517a23591cde159fb889ab80abc4bcc6\" tg-width=\"934\" tg-height=\"765\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6af2cf5b5f9f0ce50f8f023ac7babc7f\" tg-width=\"935\" tg-height=\"717\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b88ebe72e09cb9ce3294269f0a4ae431\" tg-width=\"935\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> There are actually 21 stocks listed, including Zillow Group Inc.’s Class A&nbsp;and Class C&nbsp;shares.</p><p><blockquote>实际上有21只股票上市，包括Zillow Group Inc.的A类和C类股票。</blockquote></p><p> It is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.</p><p><blockquote>有趣的是，该榜单以ARKW持有的股票为主。该基金对云公司有广泛的定义，也关注销售增长。</blockquote></p><p></p><p> Here are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.</p><p><blockquote>以下是基于未来12个月共识预测的当前远期市销率、当前市值与2023年预计销售额的比率以及分析师对这些股票的意见摘要。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b9c4bf1d8b1abcfa76b7d008a47ad7\" tg-width=\"938\" tg-height=\"805\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ff191189c5d7d2f31698843734ca3cc\" tg-width=\"933\" tg-height=\"773\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e9543489c4d52d3f1a69dfdcf170115\" tg-width=\"930\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> In comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.</p><p><blockquote>相比之下，SPDR标普500指数ETF的远期市销率为2.8，2023年预计市销率为2.6。对于QQQ，目前的市盈率为4.7，2023年将降至4.3。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/20-cloud-stocks-expected-to-increase-sales-the-most-over-the-next-two-years-11628186683?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"Z":"Zillow","COIN":"Coinbase Global, Inc.","TDOC":"Teladoc Health Inc.","ZG":"Zillow Class A","PDD":"拼多多","MELI":"MercadoLibre","ADYEY":"Adyen N.V.","ROKU":"Roku Inc","PINS":"Pinterest, Inc.","SE":"Sea Ltd","OKTA":"Okta Inc.","KC":"金山云","SNAP":"Snap Inc","VCYT":"Veracyte Inc","SHOP":"Shopify Inc","CRWD":"CrowdStrike Holdings, Inc.","DKNG":"DraftKings Inc.","TSLA":"特斯拉","SKLZ":"Skillz Inc","LC":"LendingClub"},"source_url":"https://www.marketwatch.com/story/20-cloud-stocks-expected-to-increase-sales-the-most-over-the-next-two-years-11628186683?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155656235","content_text":"Cloud ETFs are close to record highs, propelled by a rally in the sector\nAnalysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)\nU.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.\nCloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.\nBelow is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.\nTo begin the screen, we looked at the five largest cloud ETFs:\nSource: FactSet\nETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.\nHere’s a comparison of total returns through Aug. 4, along with those for the SPDR S&P 500 ETF and the Invesco QQQ Trust (which tracks the Nasdaq-100 Index) for comparison:\nSource: FactSet\nThe ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.\nAnother holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.\nAs part of its description of ARKW, FactSet says the following:\n“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”\nCloud-stock screen\nTogether, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)\nTo make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.\nHere are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:\n\nSource: FactSet\nThere are actually 21 stocks listed, including Zillow Group Inc.’s Class A and Class C shares.\nIt is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.\nHere are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.\n\nSource: FactSet\nIn comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.","news_type":1,"symbols_score_info":{"VCYT":0.9,"ROKU":0.9,"KC":0.9,"ZG":0.9,"OKTA":0.9,"MELI":0.9,"SHOP":0.9,"SNAP":0.9,"Z":0.9,"COIN":0.9,"DKNG":0.9,"SQ":0.9,"SKLZ":0.9,"PDD":0.9,"PINS":0.9,"SE":0.9,"CRWD":0.9,"ADYEY":0.9,"TDOC":0.9,"LC":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893209738,"gmtCreate":1628262126724,"gmtModify":1633752126318,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425507316731","authorIdStr":"3582425507316731"},"themes":[],"htmlText":"can I get a like please","listText":"can I get a like please","text":"can I get a like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/893209738","repostId":"1145298738","repostType":4,"repost":{"id":"1145298738","kind":"news","pubTimestamp":1628259150,"share":"https://www.laohu8.com/m/news/1145298738?lang=zh_CN&edition=full","pubTime":"2021-08-06 22:12","market":"us","language":"en","title":"\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report<blockquote>“足以开始缩减规模”：华尔街对重磅就业报告的反应</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145298738","media":"zerohedge","summary":"With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just o","content":"<p>With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.</p><p><blockquote>就业报告显示，机构调查显示就业岗位略低于100万个（家庭调查显示略高于100万个），就业创造强劲，失业率大幅下降，就业率与人口之比上升，工资和工作时间上升，以及有利的修正，共识——至少从市场反应来看——是我们已经进入了“实质性进展”阶段，为美联储月底在杰克逊霍尔研讨会上发出的缩减信号开了绿灯。</blockquote></p><p> And yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</p><p><blockquote>然而，还有一个潜在的障碍：三角洲激增以及随之而来的限制和/或封锁：正如德美利证券(TD Ameritrade)的JJ·基纳汉(JJ Kinahan)所说，“由于德尔塔变异毒株，在我们对此有更多了解之前，我认为它会带来不同的扳手在那里，我们就像，好吧，现在我们处于观望模式。很高兴看到就业正在取得进展，经济也在取得进展——希望在下一份就业报告中，我们将知道经济是否能够继续以这种速度发展。现在看来会的。”</blockquote></p><p> Do others agree? Below we have excerpted some analyst and strategist reactions to today's report.</p><p><blockquote>别人同意吗？下面我们摘录了一些分析师和策略师对今天报告的反应。</blockquote></p><p> <b>Katherine Judge, CIBC Capital Markets:</b></p><p><blockquote><b>凯瑟琳·贾奇(Katherine Judge)，CIBC资本市场：</b></blockquote></p><p>   <i>“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”</i>  <b>Chris Turner, head of foreign exchange strategy at ING Bank:</b></p><p><blockquote><i>“由于许多州的失业救济金补充计划将于9月初到期，健康的就业增长应该会继续下去，与职位空缺的增加相一致。这份报告应该足以让美联储在2022年初宣布缩减量化宽松。九月会议。”</i><b>ING银行外汇策略主管Chris Turner：</b></blockquote></p><p>   <i>The stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”</i>  <b>Carl Riccadonna, Bloomberg Intelligence economist:</b></p><p><blockquote><i>强于预期的就业报告使得美联储主席杰罗姆·鲍威尔更有可能在本月晚些时候的杰克逊霍尔研讨会上“发出强烈暗示”，即美联储可能准备在随后几个月开始缩减规模。该数据对美元相对于日元和欧元等低收益货币有利。尽管如此，美元的前景“不一定会损害风险环境……除非美国10年期国债收益率大幅飙升，否则高收益新兴市场货币的需求应该会下降”</i><b>彭博资讯经济学家卡尔·里卡唐纳(Carl Riccadonna)：</b></blockquote></p><p>   <i>The jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.</i>  <i><b>This tells us that underlying economic momentum is steady-state, not accelerating.”</b></i>  <b><i>Neil Dutta, economist at Renaissance Macro</i></b>:</p><p><blockquote><i>就业报告“稳健，但并不像看起来那么强劲”。他说，除了私营部门招聘速度略有放缓（7月份为703,000人，6月份为769,000人）之外，7月份的大部分增长都发生在脆弱的休闲和酒店业，而这种情况很容易因Covid-19而逆转。这在OpenTable预订等指标中已经很明显了。“因此，如果我们看看休闲和酒店业以外的私营部门招聘情况，今天报告的增幅为323,000人，略低于上个月的375,000人。</i><i><b>这告诉我们，潜在的经济势头是稳态的，而不是加速。”</b></i><b><i>尼尔·杜塔(Neil Dutta)，文艺复兴宏观经济学家</i></b>：</blockquote></p><p>   <i>The FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”&nbsp; Tapering, in that event, could begin as early as December.</i>  <b>JJ Kinahan, chief market strategist at TD Ameritrade:</b></p><p><blockquote><i>FOMC可能会升级9月份声明中的措辞，称经济“有望取得实质性进一步进展”，这将导致宣布“最早在11月”取得实质性进一步进展。在这种情况下，缩减规模最早可能在12月开始。</i><b>德美利证券首席市场策略师JJ Kinahan：</b></blockquote></p><p>   <i>“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</i>  <b>Roberto Perli, head of global policy research at Cornerstone Macro:</b></p><p><blockquote><i>“这是一个很大的数字，这是无法回避的，这确实是一个令人印象深刻的数字。但我认为，如果我们没有新的德尔塔变异毒株即将到来，我们将进行的对话是，这是通货膨胀吗？这意味着我们将进入缩减规模等。但由于德尔塔变异毒株，在我们对此了解更多之前，我认为它会带来不同的影响，我们会想，好吧，现在我们处于观望模式。很高兴看到就业正在进步，经济也在进步——希望在下一份就业报告中，我们将知道经济是否能继续以这样的速度进步。现在看来会的。”</i><b>Cornerstone Macro全球政策研究主管Roberto Perli：</b></blockquote></p><p>   <i>“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.&nbsp; That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.&nbsp; It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”</i> </p><p><blockquote><i>“美联储将在九月会议之前再发布一份就业报告。假设情况也不错，一个合理的基本情况是，FOMC在9月会议上表示，劳动力市场继续取得良好进展，如果进展以最近的速度继续，委员会将能够在未来几个月开始缩减资产购买规模。这将使缩减规模在12月底或1月初开始。“所以底线是，我认为时间表保持不变。很难在9月开始缩减规模，因为这既违背了7月声明中的‘即将举行的会议’（复数）语言，也违背了FOMC在实际开始缩减规模之前会提供充分通知的理念。”</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\n\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report<blockquote>“足以开始缩减规模”：华尔街对重磅就业报告的反应</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-06 22:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.</p><p><blockquote>就业报告显示，机构调查显示就业岗位略低于100万个（家庭调查显示略高于100万个），就业创造强劲，失业率大幅下降，就业率与人口之比上升，工资和工作时间上升，以及有利的修正，共识——至少从市场反应来看——是我们已经进入了“实质性进展”阶段，为美联储月底在杰克逊霍尔研讨会上发出的缩减信号开了绿灯。</blockquote></p><p> And yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</p><p><blockquote>然而，还有一个潜在的障碍：三角洲激增以及随之而来的限制和/或封锁：正如德美利证券(TD Ameritrade)的JJ·基纳汉(JJ Kinahan)所说，“由于德尔塔变异毒株，在我们对此有更多了解之前，我认为它会带来不同的扳手在那里，我们就像，好吧，现在我们处于观望模式。很高兴看到就业正在取得进展，经济也在取得进展——希望在下一份就业报告中，我们将知道经济是否能够继续以这种速度发展。现在看来会的。”</blockquote></p><p> Do others agree? Below we have excerpted some analyst and strategist reactions to today's report.</p><p><blockquote>别人同意吗？下面我们摘录了一些分析师和策略师对今天报告的反应。</blockquote></p><p> <b>Katherine Judge, CIBC Capital Markets:</b></p><p><blockquote><b>凯瑟琳·贾奇(Katherine Judge)，CIBC资本市场：</b></blockquote></p><p>   <i>“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”</i>  <b>Chris Turner, head of foreign exchange strategy at ING Bank:</b></p><p><blockquote><i>“由于许多州的失业救济金补充计划将于9月初到期，健康的就业增长应该会继续下去，与职位空缺的增加相一致。这份报告应该足以让美联储在2022年初宣布缩减量化宽松。九月会议。”</i><b>ING银行外汇策略主管Chris Turner：</b></blockquote></p><p>   <i>The stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”</i>  <b>Carl Riccadonna, Bloomberg Intelligence economist:</b></p><p><blockquote><i>强于预期的就业报告使得美联储主席杰罗姆·鲍威尔更有可能在本月晚些时候的杰克逊霍尔研讨会上“发出强烈暗示”，即美联储可能准备在随后几个月开始缩减规模。该数据对美元相对于日元和欧元等低收益货币有利。尽管如此，美元的前景“不一定会损害风险环境……除非美国10年期国债收益率大幅飙升，否则高收益新兴市场货币的需求应该会下降”</i><b>彭博资讯经济学家卡尔·里卡唐纳(Carl Riccadonna)：</b></blockquote></p><p>   <i>The jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.</i>  <i><b>This tells us that underlying economic momentum is steady-state, not accelerating.”</b></i>  <b><i>Neil Dutta, economist at Renaissance Macro</i></b>:</p><p><blockquote><i>就业报告“稳健，但并不像看起来那么强劲”。他说，除了私营部门招聘速度略有放缓（7月份为703,000人，6月份为769,000人）之外，7月份的大部分增长都发生在脆弱的休闲和酒店业，而这种情况很容易因Covid-19而逆转。这在OpenTable预订等指标中已经很明显了。“因此，如果我们看看休闲和酒店业以外的私营部门招聘情况，今天报告的增幅为323,000人，略低于上个月的375,000人。</i><i><b>这告诉我们，潜在的经济势头是稳态的，而不是加速。”</b></i><b><i>尼尔·杜塔(Neil Dutta)，文艺复兴宏观经济学家</i></b>：</blockquote></p><p>   <i>The FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”&nbsp; Tapering, in that event, could begin as early as December.</i>  <b>JJ Kinahan, chief market strategist at TD Ameritrade:</b></p><p><blockquote><i>FOMC可能会升级9月份声明中的措辞，称经济“有望取得实质性进一步进展”，这将导致宣布“最早在11月”取得实质性进一步进展。在这种情况下，缩减规模最早可能在12月开始。</i><b>德美利证券首席市场策略师JJ Kinahan：</b></blockquote></p><p>   <i>“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</i>  <b>Roberto Perli, head of global policy research at Cornerstone Macro:</b></p><p><blockquote><i>“这是一个很大的数字，这是无法回避的，这确实是一个令人印象深刻的数字。但我认为，如果我们没有新的德尔塔变异毒株即将到来，我们将进行的对话是，这是通货膨胀吗？这意味着我们将进入缩减规模等。但由于德尔塔变异毒株，在我们对此了解更多之前，我认为它会带来不同的影响，我们会想，好吧，现在我们处于观望模式。很高兴看到就业正在进步，经济也在进步——希望在下一份就业报告中，我们将知道经济是否能继续以这样的速度进步。现在看来会的。”</i><b>Cornerstone Macro全球政策研究主管Roberto Perli：</b></blockquote></p><p>   <i>“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.&nbsp; That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.&nbsp; It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”</i> </p><p><blockquote><i>“美联储将在九月会议之前再发布一份就业报告。假设情况也不错，一个合理的基本情况是，FOMC在9月会议上表示，劳动力市场继续取得良好进展，如果进展以最近的速度继续，委员会将能够在未来几个月开始缩减资产购买规模。这将使缩减规模在12月底或1月初开始。“所以底线是，我认为时间表保持不变。很难在9月开始缩减规模，因为这既违背了7月声明中的‘即将举行的会议’（复数）语言，也违背了FOMC在实际开始缩减规模之前会提供充分通知的理念。”</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145298738","content_text":"With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.\nAnd yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”\nDo others agree? Below we have excerpted some analyst and strategist reactions to today's report.\nKatherine Judge, CIBC Capital Markets:\n\n“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”\n\nChris Turner, head of foreign exchange strategy at ING Bank:\n\nThe stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”\n\nCarl Riccadonna, Bloomberg Intelligence economist:\n\nThe jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.\nThis tells us that underlying economic momentum is steady-state, not accelerating.”\n\nNeil Dutta, economist at Renaissance Macro:\n\nThe FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”  Tapering, in that event, could begin as early as December.\n\nJJ Kinahan, chief market strategist at TD Ameritrade:\n\n“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”\n\nRoberto Perli, head of global policy research at Cornerstone Macro:\n\n“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.  That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.  It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802475453,"gmtCreate":1627800940672,"gmtModify":1633756242320,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425507316731","authorIdStr":"3582425507316731"},"themes":[],"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802475453","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134708762,"gmtCreate":1622257109256,"gmtModify":1631883982949,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425507316731","authorIdStr":"3582425507316731"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>nice","listText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>nice","text":"$Chewy, Inc.(CHWY)$nice","images":[{"img":"https://static.tigerbbs.com/3c429617d9a640c1f8403121c9c1ab7b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/134708762","isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":134651870,"gmtCreate":1622226963590,"gmtModify":1631883982953,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425507316731","authorIdStr":"3582425507316731"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>to the moon","listText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>to the moon","text":"$Chewy, Inc.(CHWY)$to the moon","images":[{"img":"https://static.tigerbbs.com/659c4ccf1c20e4f2688d31c5a7548e22","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134651870","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138862789,"gmtCreate":1621927893941,"gmtModify":1634185427524,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425507316731","authorIdStr":"3582425507316731"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138862789","repostId":"1192073416","repostType":4,"repost":{"id":"1192073416","kind":"news","pubTimestamp":1621927688,"share":"https://www.laohu8.com/m/news/1192073416?lang=zh_CN&edition=full","pubTime":"2021-05-25 15:28","market":"us","language":"en","title":"How a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192073416","media":"The Wall Street Journal","summary":"If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies ","content":"<p>  If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies with lots of overseas revenue and very low tax bills.  The U.S. Treasury Department wants a global minimum corporate tax rate of 15%,a reduced askfrom the 21% level it previously suggested. If the policy ever came to pass, that could still have a marked impact on international markets.</p><p><blockquote>如果获得通过，美国对企业利润征收全球最低税的计划可能会让拥有大量海外收入和极低税单的公司感到不安。美国财政部希望全球最低企业税率为15%，较之前建议的21%水平有所降低。如果该政策成为现实，仍可能对国际市场产生重大影响。</blockquote></p><p> On a headline basis, the 15% tax would move several countries not typically considered tax havens—Thailand, the U.K. and Vietnam, for example—onto the safe side of the line.</p><p><blockquote>总体而言，15%的税收将使几个通常不被视为避税天堂的国家（例如泰国、英国和越南）转向安全地带。</blockquote></p><p> In both Hong Kong and Singapore, headline corporate tax rates sit between 15% and 21%. But in reality, as noted by Asia economists at Citi, their effective tax rates are made considerably lower by various breaks and incentives and a 15% level would likely still cause issues. Ireland and Macau, with corporate tax rates at 12.5% and 12% respectively, would both be caught even without considering any breaks or incentives.</p><p><blockquote>在香港和新加坡，总体企业税率在15%至21%之间。但实际上，正如花旗亚洲经济学家指出的那样，他们的有效税率因各种优惠和激励措施而大大降低，15%的水平仍可能引发问题。爱尔兰和澳门的企业税率分别为12.5%和12%，即使不考虑任何减免或激励措施，也会受到影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/87a0465eae87e4c5f534f806d5a020c0\" tg-width=\"335\" tg-height=\"418\">A number of major American companies make more than 50% of their income internationally, and have both foreign effective tax rates and consensus 2022 effective tax rates below 15%, according to an analysis by Goldman Sachs. That list includesNVIDIACorp.,BroadcomInc.,Las Vegas SandsCorp.andMicrochip TechnologyInc.The analysts see fewer impacts in Europe, where the vast majority of companies already pay above 21% as it is.</p><p><blockquote>高盛（Goldman Sachs）的分析显示，许多美国大公司超过50%的收入来自国际，其外国有效税率和共识2022年有效税率均低于15%。这份名单包括英伟达(NvidiaCorp.)、博通(BroadcomInc.)、拉斯维加斯金沙(Las Vegas SandsCorp.)和微芯片技术(Microchip TechnologyInc.)。分析师认为欧洲的影响较小，欧洲绝大多数公司的支付率已经超过21%。</blockquote></p><p> Paradoxically, the lower the minimum proposed, the greater the threat to the most obvious havens such as Jersey, the Cayman Islands and the British Virgin Islands. Since those territories have 0% corporation tax rates, they will be hit under an agreement on any level and a lower proposal is more likely to garnerbroad international support.</p><p><blockquote>矛盾的是，提议的最低限度越低，对泽西岛、开曼群岛和英属维尔京群岛等最明显的避风港的威胁就越大。由于这些地区的公司税税率为0%，因此根据任何级别的协议，它们都会受到打击，而较低的提案更有可能获得广泛的国际支持。</blockquote></p><p> Relatively less-taxed sectors of the equity market haveoutperformed considerablysince the global financial crisis, something which hasn’t been unnoticed by policy makers. Even if we leave the idea of a global minimum tax aside, the Biden administration plans to double the tax on global intangible low-tax income repatriated from abroad,known as Gilti.</p><p><blockquote>自全球金融危机以来，税收相对较低的股市板块的表现显着优于大盘，这一点并没有被政策制定者忽视。即使我们抛开全球最低税的想法，拜登政府也计划对从国外汇回的全球无形低税收入（即Gilti）征税一倍。</blockquote></p><p> One interesting possibility raised by credit analysts at Danske Bank is that a global minimum tax—and higher rates in general—could increase corporate debt levels at the margin by exacerbating the bias toward debt financing that is already embedded in most tax systems.</p><p><blockquote>丹斯克银行（Danske Bank）信贷分析师提出的一个有趣的可能性是，全球最低税——以及总体上更高的税率——可能会加剧大多数税收体系中已经存在的对债务融资的偏见，从而在边际上增加企业债务水平。</blockquote></p><p> While it is still unclear whether a global minimum tax will ever come to pass, the worm seems to have turned on corporate tax levels generally. Companies that pay very low corporate taxes—and their investors—should brace for impact.</p><p><blockquote>虽然目前还不清楚全球最低税是否会通过，但蠕虫似乎已经普遍开启了公司税水平。缴纳极低公司税的公司及其投资者应该做好应对冲击的准备。</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>How a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</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\">\nHow a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-05-25 15:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies with lots of overseas revenue and very low tax bills.  The U.S. Treasury Department wants a global minimum corporate tax rate of 15%,a reduced askfrom the 21% level it previously suggested. If the policy ever came to pass, that could still have a marked impact on international markets.</p><p><blockquote>如果获得通过，美国对企业利润征收全球最低税的计划可能会让拥有大量海外收入和极低税单的公司感到不安。美国财政部希望全球最低企业税率为15%，较之前建议的21%水平有所降低。如果该政策成为现实，仍可能对国际市场产生重大影响。</blockquote></p><p> On a headline basis, the 15% tax would move several countries not typically considered tax havens—Thailand, the U.K. and Vietnam, for example—onto the safe side of the line.</p><p><blockquote>总体而言，15%的税收将使几个通常不被视为避税天堂的国家（例如泰国、英国和越南）转向安全地带。</blockquote></p><p> In both Hong Kong and Singapore, headline corporate tax rates sit between 15% and 21%. But in reality, as noted by Asia economists at Citi, their effective tax rates are made considerably lower by various breaks and incentives and a 15% level would likely still cause issues. Ireland and Macau, with corporate tax rates at 12.5% and 12% respectively, would both be caught even without considering any breaks or incentives.</p><p><blockquote>在香港和新加坡，总体企业税率在15%至21%之间。但实际上，正如花旗亚洲经济学家指出的那样，他们的有效税率因各种优惠和激励措施而大大降低，15%的水平仍可能引发问题。爱尔兰和澳门的企业税率分别为12.5%和12%，即使不考虑任何减免或激励措施，也会受到影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/87a0465eae87e4c5f534f806d5a020c0\" tg-width=\"335\" tg-height=\"418\">A number of major American companies make more than 50% of their income internationally, and have both foreign effective tax rates and consensus 2022 effective tax rates below 15%, according to an analysis by Goldman Sachs. That list includesNVIDIACorp.,BroadcomInc.,Las Vegas SandsCorp.andMicrochip TechnologyInc.The analysts see fewer impacts in Europe, where the vast majority of companies already pay above 21% as it is.</p><p><blockquote>高盛（Goldman Sachs）的分析显示，许多美国大公司超过50%的收入来自国际，其外国有效税率和共识2022年有效税率均低于15%。这份名单包括英伟达(NvidiaCorp.)、博通(BroadcomInc.)、拉斯维加斯金沙(Las Vegas SandsCorp.)和微芯片技术(Microchip TechnologyInc.)。分析师认为欧洲的影响较小，欧洲绝大多数公司的支付率已经超过21%。</blockquote></p><p> Paradoxically, the lower the minimum proposed, the greater the threat to the most obvious havens such as Jersey, the Cayman Islands and the British Virgin Islands. Since those territories have 0% corporation tax rates, they will be hit under an agreement on any level and a lower proposal is more likely to garnerbroad international support.</p><p><blockquote>矛盾的是，提议的最低限度越低，对泽西岛、开曼群岛和英属维尔京群岛等最明显的避风港的威胁就越大。由于这些地区的公司税税率为0%，因此根据任何级别的协议，它们都会受到打击，而较低的提案更有可能获得广泛的国际支持。</blockquote></p><p> Relatively less-taxed sectors of the equity market haveoutperformed considerablysince the global financial crisis, something which hasn’t been unnoticed by policy makers. Even if we leave the idea of a global minimum tax aside, the Biden administration plans to double the tax on global intangible low-tax income repatriated from abroad,known as Gilti.</p><p><blockquote>自全球金融危机以来，税收相对较低的股市板块的表现显着优于大盘，这一点并没有被政策制定者忽视。即使我们抛开全球最低税的想法，拜登政府也计划对从国外汇回的全球无形低税收入（即Gilti）征税一倍。</blockquote></p><p> One interesting possibility raised by credit analysts at Danske Bank is that a global minimum tax—and higher rates in general—could increase corporate debt levels at the margin by exacerbating the bias toward debt financing that is already embedded in most tax systems.</p><p><blockquote>丹斯克银行（Danske Bank）信贷分析师提出的一个有趣的可能性是，全球最低税——以及总体上更高的税率——可能会加剧大多数税收体系中已经存在的对债务融资的偏见，从而在边际上增加企业债务水平。</blockquote></p><p> While it is still unclear whether a global minimum tax will ever come to pass, the worm seems to have turned on corporate tax levels generally. Companies that pay very low corporate taxes—and their investors—should brace for impact.</p><p><blockquote>虽然目前还不清楚全球最低税是否会通过，但蠕虫似乎已经普遍开启了公司税水平。缴纳极低公司税的公司及其投资者应该做好应对冲击的准备。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/how-a-global-minimum-tax-could-impact-markets-11621844805?mod=markets_lead_pos10\">The Wall Street Journal</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.wsj.com/articles/how-a-global-minimum-tax-could-impact-markets-11621844805?mod=markets_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192073416","content_text":"If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies with lots of overseas revenue and very low tax bills.\n\nThe U.S. Treasury Department wants a global minimum corporate tax rate of 15%,a reduced askfrom the 21% level it previously suggested. If the policy ever came to pass, that could still have a marked impact on international markets.\nOn a headline basis, the 15% tax would move several countries not typically considered tax havens—Thailand, the U.K. and Vietnam, for example—onto the safe side of the line.\nIn both Hong Kong and Singapore, headline corporate tax rates sit between 15% and 21%. But in reality, as noted by Asia economists at Citi, their effective tax rates are made considerably lower by various breaks and incentives and a 15% level would likely still cause issues. Ireland and Macau, with corporate tax rates at 12.5% and 12% respectively, would both be caught even without considering any breaks or incentives.\nA number of major American companies make more than 50% of their income internationally, and have both foreign effective tax rates and consensus 2022 effective tax rates below 15%, according to an analysis by Goldman Sachs. That list includesNVIDIACorp.,BroadcomInc.,Las Vegas SandsCorp.andMicrochip TechnologyInc.The analysts see fewer impacts in Europe, where the vast majority of companies already pay above 21% as it is.\nParadoxically, the lower the minimum proposed, the greater the threat to the most obvious havens such as Jersey, the Cayman Islands and the British Virgin Islands. Since those territories have 0% corporation tax rates, they will be hit under an agreement on any level and a lower proposal is more likely to garnerbroad international support.\nRelatively less-taxed sectors of the equity market haveoutperformed considerablysince the global financial crisis, something which hasn’t been unnoticed by policy makers. Even if we leave the idea of a global minimum tax aside, the Biden administration plans to double the tax on global intangible low-tax income repatriated from abroad,known as Gilti.\nOne interesting possibility raised by credit analysts at Danske Bank is that a global minimum tax—and higher rates in general—could increase corporate debt levels at the margin by exacerbating the bias toward debt financing that is already embedded in most tax systems.\nWhile it is still unclear whether a global minimum tax will ever come to pass, the worm seems to have turned on corporate tax levels generally. Companies that pay very low corporate taxes—and their investors—should brace for impact.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":893203813,"gmtCreate":1628262151732,"gmtModify":1633752125844,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"can I get a like please","listText":"can I get a like please","text":"can I get a like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893203813","repostId":"1187701368","repostType":4,"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893203388,"gmtCreate":1628262140344,"gmtModify":1633752126068,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"can I get a like please","listText":"can I get a like please","text":"can I get a like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893203388","repostId":"1155656235","repostType":4,"repost":{"id":"1155656235","kind":"news","pubTimestamp":1628227304,"share":"https://www.laohu8.com/m/news/1155656235?lang=zh_CN&edition=full","pubTime":"2021-08-06 13:21","market":"us","language":"en","title":"20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155656235","media":"MarketWatch","summary":"Cloud ETFs are close to record highs, propelled by a rally in the sector\nAnalysts see stellar sales ","content":"<p>Cloud ETFs are close to record highs, propelled by a rally in the sector</p><p><blockquote>在该行业反弹的推动下，云ETF接近历史新高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78101d8010e186fe4df59b2ef82b5de6\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Analysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师预计，提供云服务的公司未来将实现强劲的销售增长。（盖蒂图片社/iStockphoto）</span></p></blockquote></p><p> U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.</p><p><blockquote>尽管来自中国的传言和德尔塔变异毒株感染人数激增，但美国投资者仍然看涨。</blockquote></p><p> Cloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.</p><p><blockquote>云公司——那些处于计算能力向互联网分布式模式转变前沿的公司——预计将在未来几年快速增长，覆盖该领域的五家最大交易所交易基金中有四家即将创下历史新高。</blockquote></p><p> Below is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.</p><p><blockquote>下面是这些ETF持有的股票屏幕，显示了预计到2023年销售额增幅最大的股票。在一个许多参与者处于相对早期阶段的行业中，销售额的增长而不是盈利的增长可能是股价的最佳驱动力。</blockquote></p><p> To begin the screen, we looked at the five largest cloud ETFs:</p><p><blockquote>首先，我们查看了五只最大的云ETF：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36209ce827d95e822cad5128be8b146a\" tg-width=\"933\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> ETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.</p><p><blockquote>ETF可能是您采取广泛方法长期参与云革命的最佳方式。如果您对任何ETF感兴趣，您应该查看基金经理的网站。</blockquote></p><p> Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&amp;P 500 ETF&nbsp;and the Invesco QQQ Trust&nbsp;(which tracks the Nasdaq-100 Index) for comparison:</p><p><blockquote>以下是截至8月4日的总回报比较，以及SPDR标普500 ETF和Invesco QQQ Trust（跟踪纳斯达克100指数）的总回报比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/242f135b3c7cca3cbaae3ee574023c1f\" tg-width=\"942\" tg-height=\"577\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> The ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF&nbsp;is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.</p><p><blockquote>ETF的方法不同。例如，方舟下一代互联网ETF是唯一一只主动管理的。其他人跟踪一个指数。根据Ark Invest 8月5日发布的信息，它也是唯一一家持有特斯拉公司股票的公司，占投资组合的10.65%。特斯拉是一家电动汽车制造商，但它也可以被视为一家云公司，因为它不断通过互联网分发软件更新，并提供其他基于云的服务。</blockquote></p><p> Another holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.</p><p><blockquote>在五只云ETF中，ARKW独有的另一个持股是华特迪士尼公司，该公司通过其Disney+流媒体服务无疑是一个重要的云参与者，即使该公司没有直接说明其销售额有多少来自该快速增长的部分。</blockquote></p><p> As part of its description of ARKW, FactSet says the following:</p><p><blockquote>作为对ARKW描述的一部分，FactSet表示如下：</blockquote></p><p> <i>“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”</i></p><p><blockquote><i>“从广义上讲，ARKW的管理者似乎专注于物联网、云计算、数字货币和可穿戴技术等热门词汇。虽然该基金的重点可能是吸引对这些新技术有信心的投资者，但投资组合的实施是一项更加困难的任务：大多数开发这些进步的公司都是大公司，新兴技术仅占总收入的一小部分。因此，很难纯粹接触ARKW的目标技术，因此请务必确认该基金的持股（而不仅仅是其论点）与您对该领域的看法一致。”</i></blockquote></p><p> <b>Cloud-stock screen</b></p><p><blockquote><b>云库存屏幕</b></blockquote></p><p> Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)</p><p><blockquote>上面列出的五只云ETF总共持有147只股票。为了预测2023年的销售增长，我们使用2020年日历的销售预测作为基线，然后查看FactSet调查的分析师对随后三年的一致预测（如果有）。（2020年的数字是估计值，因为许多公司的财年与日历不符。）</blockquote></p><p> To make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.</p><p><blockquote>为了确保我们有一套可靠的估计，我们将该小组限制在FactSet调查的至少5名分析师覆盖的126家公司，这些公司可以获得2020年至2023年的一致销售估计。</blockquote></p><p> Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:</p><p><blockquote>以下是预计到2023年销售额复合年增长率(CAGR)最高的20家公司：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517a23591cde159fb889ab80abc4bcc6\" tg-width=\"934\" tg-height=\"765\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6af2cf5b5f9f0ce50f8f023ac7babc7f\" tg-width=\"935\" tg-height=\"717\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b88ebe72e09cb9ce3294269f0a4ae431\" tg-width=\"935\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> There are actually 21 stocks listed, including Zillow Group Inc.’s Class A&nbsp;and Class C&nbsp;shares.</p><p><blockquote>实际上有21只股票上市，包括Zillow Group Inc.的A类和C类股票。</blockquote></p><p> It is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.</p><p><blockquote>有趣的是，该榜单以ARKW持有的股票为主。该基金对云公司有广泛的定义，也关注销售增长。</blockquote></p><p></p><p> Here are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.</p><p><blockquote>以下是基于未来12个月共识预测的当前远期市销率、当前市值与2023年预计销售额的比率以及分析师对这些股票的意见摘要。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b9c4bf1d8b1abcfa76b7d008a47ad7\" tg-width=\"938\" tg-height=\"805\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ff191189c5d7d2f31698843734ca3cc\" tg-width=\"933\" tg-height=\"773\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e9543489c4d52d3f1a69dfdcf170115\" tg-width=\"930\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> In comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.</p><p><blockquote>相比之下，SPDR标普500指数ETF的远期市销率为2.8，2023年预计市销率为2.6。对于QQQ，目前的市盈率为4.7，2023年将降至4.3。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cloud ETFs are close to record highs, propelled by a rally in the sector</p><p><blockquote>在该行业反弹的推动下，云ETF接近历史新高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78101d8010e186fe4df59b2ef82b5de6\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Analysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师预计，提供云服务的公司未来将实现强劲的销售增长。（盖蒂图片社/iStockphoto）</span></p></blockquote></p><p> U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.</p><p><blockquote>尽管来自中国的传言和德尔塔变异毒株感染人数激增，但美国投资者仍然看涨。</blockquote></p><p> Cloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.</p><p><blockquote>云公司——那些处于计算能力向互联网分布式模式转变前沿的公司——预计将在未来几年快速增长，覆盖该领域的五家最大交易所交易基金中有四家即将创下历史新高。</blockquote></p><p> Below is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.</p><p><blockquote>下面是这些ETF持有的股票屏幕，显示了预计到2023年销售额增幅最大的股票。在一个许多参与者处于相对早期阶段的行业中，销售额的增长而不是盈利的增长可能是股价的最佳驱动力。</blockquote></p><p> To begin the screen, we looked at the five largest cloud ETFs:</p><p><blockquote>首先，我们查看了五只最大的云ETF：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36209ce827d95e822cad5128be8b146a\" tg-width=\"933\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> ETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.</p><p><blockquote>ETF可能是您采取广泛方法长期参与云革命的最佳方式。如果您对任何ETF感兴趣，您应该查看基金经理的网站。</blockquote></p><p> Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&amp;P 500 ETF&nbsp;and the Invesco QQQ Trust&nbsp;(which tracks the Nasdaq-100 Index) for comparison:</p><p><blockquote>以下是截至8月4日的总回报比较，以及SPDR标普500 ETF和Invesco QQQ Trust（跟踪纳斯达克100指数）的总回报比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/242f135b3c7cca3cbaae3ee574023c1f\" tg-width=\"942\" tg-height=\"577\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> The ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF&nbsp;is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.</p><p><blockquote>ETF的方法不同。例如，方舟下一代互联网ETF是唯一一只主动管理的。其他人跟踪一个指数。根据Ark Invest 8月5日发布的信息，它也是唯一一家持有特斯拉公司股票的公司，占投资组合的10.65%。特斯拉是一家电动汽车制造商，但它也可以被视为一家云公司，因为它不断通过互联网分发软件更新，并提供其他基于云的服务。</blockquote></p><p> Another holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.</p><p><blockquote>在五只云ETF中，ARKW独有的另一个持股是华特迪士尼公司，该公司通过其Disney+流媒体服务无疑是一个重要的云参与者，即使该公司没有直接说明其销售额有多少来自该快速增长的部分。</blockquote></p><p> As part of its description of ARKW, FactSet says the following:</p><p><blockquote>作为对ARKW描述的一部分，FactSet表示如下：</blockquote></p><p> <i>“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”</i></p><p><blockquote><i>“从广义上讲，ARKW的管理者似乎专注于物联网、云计算、数字货币和可穿戴技术等热门词汇。虽然该基金的重点可能是吸引对这些新技术有信心的投资者，但投资组合的实施是一项更加困难的任务：大多数开发这些进步的公司都是大公司，新兴技术仅占总收入的一小部分。因此，很难纯粹接触ARKW的目标技术，因此请务必确认该基金的持股（而不仅仅是其论点）与您对该领域的看法一致。”</i></blockquote></p><p> <b>Cloud-stock screen</b></p><p><blockquote><b>云库存屏幕</b></blockquote></p><p> Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)</p><p><blockquote>上面列出的五只云ETF总共持有147只股票。为了预测2023年的销售增长，我们使用2020年日历的销售预测作为基线，然后查看FactSet调查的分析师对随后三年的一致预测（如果有）。（2020年的数字是估计值，因为许多公司的财年与日历不符。）</blockquote></p><p> To make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.</p><p><blockquote>为了确保我们有一套可靠的估计，我们将该小组限制在FactSet调查的至少5名分析师覆盖的126家公司，这些公司可以获得2020年至2023年的一致销售估计。</blockquote></p><p> Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:</p><p><blockquote>以下是预计到2023年销售额复合年增长率(CAGR)最高的20家公司：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517a23591cde159fb889ab80abc4bcc6\" tg-width=\"934\" tg-height=\"765\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6af2cf5b5f9f0ce50f8f023ac7babc7f\" tg-width=\"935\" tg-height=\"717\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b88ebe72e09cb9ce3294269f0a4ae431\" tg-width=\"935\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> There are actually 21 stocks listed, including Zillow Group Inc.’s Class A&nbsp;and Class C&nbsp;shares.</p><p><blockquote>实际上有21只股票上市，包括Zillow Group Inc.的A类和C类股票。</blockquote></p><p> It is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.</p><p><blockquote>有趣的是，该榜单以ARKW持有的股票为主。该基金对云公司有广泛的定义，也关注销售增长。</blockquote></p><p></p><p> Here are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.</p><p><blockquote>以下是基于未来12个月共识预测的当前远期市销率、当前市值与2023年预计销售额的比率以及分析师对这些股票的意见摘要。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b9c4bf1d8b1abcfa76b7d008a47ad7\" tg-width=\"938\" tg-height=\"805\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ff191189c5d7d2f31698843734ca3cc\" tg-width=\"933\" tg-height=\"773\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e9543489c4d52d3f1a69dfdcf170115\" tg-width=\"930\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> In comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.</p><p><blockquote>相比之下，SPDR标普500指数ETF的远期市销率为2.8，2023年预计市销率为2.6。对于QQQ，目前的市盈率为4.7，2023年将降至4.3。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/20-cloud-stocks-expected-to-increase-sales-the-most-over-the-next-two-years-11628186683?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"Z":"Zillow","COIN":"Coinbase Global, Inc.","TDOC":"Teladoc Health Inc.","ZG":"Zillow Class A","PDD":"拼多多","MELI":"MercadoLibre","ADYEY":"Adyen N.V.","ROKU":"Roku Inc","PINS":"Pinterest, Inc.","SE":"Sea Ltd","OKTA":"Okta Inc.","KC":"金山云","SNAP":"Snap Inc","VCYT":"Veracyte Inc","SHOP":"Shopify Inc","CRWD":"CrowdStrike Holdings, Inc.","DKNG":"DraftKings Inc.","TSLA":"特斯拉","SKLZ":"Skillz Inc","LC":"LendingClub"},"source_url":"https://www.marketwatch.com/story/20-cloud-stocks-expected-to-increase-sales-the-most-over-the-next-two-years-11628186683?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155656235","content_text":"Cloud ETFs are close to record highs, propelled by a rally in the sector\nAnalysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)\nU.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.\nCloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.\nBelow is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.\nTo begin the screen, we looked at the five largest cloud ETFs:\nSource: FactSet\nETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.\nHere’s a comparison of total returns through Aug. 4, along with those for the SPDR S&P 500 ETF and the Invesco QQQ Trust (which tracks the Nasdaq-100 Index) for comparison:\nSource: FactSet\nThe ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.\nAnother holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.\nAs part of its description of ARKW, FactSet says the following:\n“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”\nCloud-stock screen\nTogether, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)\nTo make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.\nHere are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:\n\nSource: FactSet\nThere are actually 21 stocks listed, including Zillow Group Inc.’s Class A and Class C shares.\nIt is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.\nHere are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.\n\nSource: FactSet\nIn comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.","news_type":1,"symbols_score_info":{"VCYT":0.9,"ROKU":0.9,"KC":0.9,"ZG":0.9,"OKTA":0.9,"MELI":0.9,"SHOP":0.9,"SNAP":0.9,"Z":0.9,"COIN":0.9,"DKNG":0.9,"SQ":0.9,"SKLZ":0.9,"PDD":0.9,"PINS":0.9,"SE":0.9,"CRWD":0.9,"ADYEY":0.9,"TDOC":0.9,"LC":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893209738,"gmtCreate":1628262126724,"gmtModify":1633752126318,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"can I get a like please","listText":"can I get a like please","text":"can I get a like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/893209738","repostId":"1145298738","repostType":4,"repost":{"id":"1145298738","kind":"news","pubTimestamp":1628259150,"share":"https://www.laohu8.com/m/news/1145298738?lang=zh_CN&edition=full","pubTime":"2021-08-06 22:12","market":"us","language":"en","title":"\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report<blockquote>“足以开始缩减规模”：华尔街对重磅就业报告的反应</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145298738","media":"zerohedge","summary":"With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just o","content":"<p>With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.</p><p><blockquote>就业报告显示，机构调查显示就业岗位略低于100万个（家庭调查显示略高于100万个），就业创造强劲，失业率大幅下降，就业率与人口之比上升，工资和工作时间上升，以及有利的修正，共识——至少从市场反应来看——是我们已经进入了“实质性进展”阶段，为美联储月底在杰克逊霍尔研讨会上发出的缩减信号开了绿灯。</blockquote></p><p> And yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</p><p><blockquote>然而，还有一个潜在的障碍：三角洲激增以及随之而来的限制和/或封锁：正如德美利证券(TD Ameritrade)的JJ·基纳汉(JJ Kinahan)所说，“由于德尔塔变异毒株，在我们对此有更多了解之前，我认为它会带来不同的扳手在那里，我们就像，好吧，现在我们处于观望模式。很高兴看到就业正在取得进展，经济也在取得进展——希望在下一份就业报告中，我们将知道经济是否能够继续以这种速度发展。现在看来会的。”</blockquote></p><p> Do others agree? Below we have excerpted some analyst and strategist reactions to today's report.</p><p><blockquote>别人同意吗？下面我们摘录了一些分析师和策略师对今天报告的反应。</blockquote></p><p> <b>Katherine Judge, CIBC Capital Markets:</b></p><p><blockquote><b>凯瑟琳·贾奇(Katherine Judge)，CIBC资本市场：</b></blockquote></p><p>   <i>“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”</i>  <b>Chris Turner, head of foreign exchange strategy at ING Bank:</b></p><p><blockquote><i>“由于许多州的失业救济金补充计划将于9月初到期，健康的就业增长应该会继续下去，与职位空缺的增加相一致。这份报告应该足以让美联储在2022年初宣布缩减量化宽松。九月会议。”</i><b>ING银行外汇策略主管Chris Turner：</b></blockquote></p><p>   <i>The stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”</i>  <b>Carl Riccadonna, Bloomberg Intelligence economist:</b></p><p><blockquote><i>强于预期的就业报告使得美联储主席杰罗姆·鲍威尔更有可能在本月晚些时候的杰克逊霍尔研讨会上“发出强烈暗示”，即美联储可能准备在随后几个月开始缩减规模。该数据对美元相对于日元和欧元等低收益货币有利。尽管如此，美元的前景“不一定会损害风险环境……除非美国10年期国债收益率大幅飙升，否则高收益新兴市场货币的需求应该会下降”</i><b>彭博资讯经济学家卡尔·里卡唐纳(Carl Riccadonna)：</b></blockquote></p><p>   <i>The jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.</i>  <i><b>This tells us that underlying economic momentum is steady-state, not accelerating.”</b></i>  <b><i>Neil Dutta, economist at Renaissance Macro</i></b>:</p><p><blockquote><i>就业报告“稳健，但并不像看起来那么强劲”。他说，除了私营部门招聘速度略有放缓（7月份为703,000人，6月份为769,000人）之外，7月份的大部分增长都发生在脆弱的休闲和酒店业，而这种情况很容易因Covid-19而逆转。这在OpenTable预订等指标中已经很明显了。“因此，如果我们看看休闲和酒店业以外的私营部门招聘情况，今天报告的增幅为323,000人，略低于上个月的375,000人。</i><i><b>这告诉我们，潜在的经济势头是稳态的，而不是加速。”</b></i><b><i>尼尔·杜塔(Neil Dutta)，文艺复兴宏观经济学家</i></b>：</blockquote></p><p>   <i>The FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”&nbsp; Tapering, in that event, could begin as early as December.</i>  <b>JJ Kinahan, chief market strategist at TD Ameritrade:</b></p><p><blockquote><i>FOMC可能会升级9月份声明中的措辞，称经济“有望取得实质性进一步进展”，这将导致宣布“最早在11月”取得实质性进一步进展。在这种情况下，缩减规模最早可能在12月开始。</i><b>德美利证券首席市场策略师JJ Kinahan：</b></blockquote></p><p>   <i>“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</i>  <b>Roberto Perli, head of global policy research at Cornerstone Macro:</b></p><p><blockquote><i>“这是一个很大的数字，这是无法回避的，这确实是一个令人印象深刻的数字。但我认为，如果我们没有新的德尔塔变异毒株即将到来，我们将进行的对话是，这是通货膨胀吗？这意味着我们将进入缩减规模等。但由于德尔塔变异毒株，在我们对此了解更多之前，我认为它会带来不同的影响，我们会想，好吧，现在我们处于观望模式。很高兴看到就业正在进步，经济也在进步——希望在下一份就业报告中，我们将知道经济是否能继续以这样的速度进步。现在看来会的。”</i><b>Cornerstone Macro全球政策研究主管Roberto Perli：</b></blockquote></p><p>   <i>“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.&nbsp; That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.&nbsp; It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”</i> </p><p><blockquote><i>“美联储将在九月会议之前再发布一份就业报告。假设情况也不错，一个合理的基本情况是，FOMC在9月会议上表示，劳动力市场继续取得良好进展，如果进展以最近的速度继续，委员会将能够在未来几个月开始缩减资产购买规模。这将使缩减规模在12月底或1月初开始。“所以底线是，我认为时间表保持不变。很难在9月开始缩减规模，因为这既违背了7月声明中的‘即将举行的会议’（复数）语言，也违背了FOMC在实际开始缩减规模之前会提供充分通知的理念。”</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report<blockquote>“足以开始缩减规模”：华尔街对重磅就业报告的反应</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; 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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\">\n\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report<blockquote>“足以开始缩减规模”：华尔街对重磅就业报告的反应</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-06 22:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.</p><p><blockquote>就业报告显示，机构调查显示就业岗位略低于100万个（家庭调查显示略高于100万个），就业创造强劲，失业率大幅下降，就业率与人口之比上升，工资和工作时间上升，以及有利的修正，共识——至少从市场反应来看——是我们已经进入了“实质性进展”阶段，为美联储月底在杰克逊霍尔研讨会上发出的缩减信号开了绿灯。</blockquote></p><p> And yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</p><p><blockquote>然而，还有一个潜在的障碍：三角洲激增以及随之而来的限制和/或封锁：正如德美利证券(TD Ameritrade)的JJ·基纳汉(JJ Kinahan)所说，“由于德尔塔变异毒株，在我们对此有更多了解之前，我认为它会带来不同的扳手在那里，我们就像，好吧，现在我们处于观望模式。很高兴看到就业正在取得进展，经济也在取得进展——希望在下一份就业报告中，我们将知道经济是否能够继续以这种速度发展。现在看来会的。”</blockquote></p><p> Do others agree? Below we have excerpted some analyst and strategist reactions to today's report.</p><p><blockquote>别人同意吗？下面我们摘录了一些分析师和策略师对今天报告的反应。</blockquote></p><p> <b>Katherine Judge, CIBC Capital Markets:</b></p><p><blockquote><b>凯瑟琳·贾奇(Katherine Judge)，CIBC资本市场：</b></blockquote></p><p>   <i>“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”</i>  <b>Chris Turner, head of foreign exchange strategy at ING Bank:</b></p><p><blockquote><i>“由于许多州的失业救济金补充计划将于9月初到期，健康的就业增长应该会继续下去，与职位空缺的增加相一致。这份报告应该足以让美联储在2022年初宣布缩减量化宽松。九月会议。”</i><b>ING银行外汇策略主管Chris Turner：</b></blockquote></p><p>   <i>The stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”</i>  <b>Carl Riccadonna, Bloomberg Intelligence economist:</b></p><p><blockquote><i>强于预期的就业报告使得美联储主席杰罗姆·鲍威尔更有可能在本月晚些时候的杰克逊霍尔研讨会上“发出强烈暗示”，即美联储可能准备在随后几个月开始缩减规模。该数据对美元相对于日元和欧元等低收益货币有利。尽管如此，美元的前景“不一定会损害风险环境……除非美国10年期国债收益率大幅飙升，否则高收益新兴市场货币的需求应该会下降”</i><b>彭博资讯经济学家卡尔·里卡唐纳(Carl Riccadonna)：</b></blockquote></p><p>   <i>The jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.</i>  <i><b>This tells us that underlying economic momentum is steady-state, not accelerating.”</b></i>  <b><i>Neil Dutta, economist at Renaissance Macro</i></b>:</p><p><blockquote><i>就业报告“稳健，但并不像看起来那么强劲”。他说，除了私营部门招聘速度略有放缓（7月份为703,000人，6月份为769,000人）之外，7月份的大部分增长都发生在脆弱的休闲和酒店业，而这种情况很容易因Covid-19而逆转。这在OpenTable预订等指标中已经很明显了。“因此，如果我们看看休闲和酒店业以外的私营部门招聘情况，今天报告的增幅为323,000人，略低于上个月的375,000人。</i><i><b>这告诉我们，潜在的经济势头是稳态的，而不是加速。”</b></i><b><i>尼尔·杜塔(Neil Dutta)，文艺复兴宏观经济学家</i></b>：</blockquote></p><p>   <i>The FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”&nbsp; Tapering, in that event, could begin as early as December.</i>  <b>JJ Kinahan, chief market strategist at TD Ameritrade:</b></p><p><blockquote><i>FOMC可能会升级9月份声明中的措辞，称经济“有望取得实质性进一步进展”，这将导致宣布“最早在11月”取得实质性进一步进展。在这种情况下，缩减规模最早可能在12月开始。</i><b>德美利证券首席市场策略师JJ Kinahan：</b></blockquote></p><p>   <i>“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</i>  <b>Roberto Perli, head of global policy research at Cornerstone Macro:</b></p><p><blockquote><i>“这是一个很大的数字，这是无法回避的，这确实是一个令人印象深刻的数字。但我认为，如果我们没有新的德尔塔变异毒株即将到来，我们将进行的对话是，这是通货膨胀吗？这意味着我们将进入缩减规模等。但由于德尔塔变异毒株，在我们对此了解更多之前，我认为它会带来不同的影响，我们会想，好吧，现在我们处于观望模式。很高兴看到就业正在进步，经济也在进步——希望在下一份就业报告中，我们将知道经济是否能继续以这样的速度进步。现在看来会的。”</i><b>Cornerstone Macro全球政策研究主管Roberto Perli：</b></blockquote></p><p>   <i>“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.&nbsp; That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.&nbsp; It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”</i> </p><p><blockquote><i>“美联储将在九月会议之前再发布一份就业报告。假设情况也不错，一个合理的基本情况是，FOMC在9月会议上表示，劳动力市场继续取得良好进展，如果进展以最近的速度继续，委员会将能够在未来几个月开始缩减资产购买规模。这将使缩减规模在12月底或1月初开始。“所以底线是，我认为时间表保持不变。很难在9月开始缩减规模，因为这既违背了7月声明中的‘即将举行的会议’（复数）语言，也违背了FOMC在实际开始缩减规模之前会提供充分通知的理念。”</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145298738","content_text":"With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.\nAnd yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”\nDo others agree? Below we have excerpted some analyst and strategist reactions to today's report.\nKatherine Judge, CIBC Capital Markets:\n\n“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”\n\nChris Turner, head of foreign exchange strategy at ING Bank:\n\nThe stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”\n\nCarl Riccadonna, Bloomberg Intelligence economist:\n\nThe jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.\nThis tells us that underlying economic momentum is steady-state, not accelerating.”\n\nNeil Dutta, economist at Renaissance Macro:\n\nThe FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”  Tapering, in that event, could begin as early as December.\n\nJJ Kinahan, chief market strategist at TD Ameritrade:\n\n“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”\n\nRoberto Perli, head of global policy research at Cornerstone Macro:\n\n“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.  That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.  It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802475453,"gmtCreate":1627800940672,"gmtModify":1633756242320,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802475453","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134708762,"gmtCreate":1622257109256,"gmtModify":1631883982949,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>nice","listText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>nice","text":"$Chewy, Inc.(CHWY)$nice","images":[{"img":"https://static.tigerbbs.com/3c429617d9a640c1f8403121c9c1ab7b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/134708762","isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138862789,"gmtCreate":1621927893941,"gmtModify":1634185427524,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138862789","repostId":"1192073416","repostType":4,"repost":{"id":"1192073416","kind":"news","pubTimestamp":1621927688,"share":"https://www.laohu8.com/m/news/1192073416?lang=zh_CN&edition=full","pubTime":"2021-05-25 15:28","market":"us","language":"en","title":"How a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192073416","media":"The Wall Street Journal","summary":"If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies ","content":"<p>  If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies with lots of overseas revenue and very low tax bills.  The U.S. Treasury Department wants a global minimum corporate tax rate of 15%,a reduced askfrom the 21% level it previously suggested. If the policy ever came to pass, that could still have a marked impact on international markets.</p><p><blockquote>如果获得通过，美国对企业利润征收全球最低税的计划可能会让拥有大量海外收入和极低税单的公司感到不安。美国财政部希望全球最低企业税率为15%，较之前建议的21%水平有所降低。如果该政策成为现实，仍可能对国际市场产生重大影响。</blockquote></p><p> On a headline basis, the 15% tax would move several countries not typically considered tax havens—Thailand, the U.K. and Vietnam, for example—onto the safe side of the line.</p><p><blockquote>总体而言，15%的税收将使几个通常不被视为避税天堂的国家（例如泰国、英国和越南）转向安全地带。</blockquote></p><p> In both Hong Kong and Singapore, headline corporate tax rates sit between 15% and 21%. But in reality, as noted by Asia economists at Citi, their effective tax rates are made considerably lower by various breaks and incentives and a 15% level would likely still cause issues. Ireland and Macau, with corporate tax rates at 12.5% and 12% respectively, would both be caught even without considering any breaks or incentives.</p><p><blockquote>在香港和新加坡，总体企业税率在15%至21%之间。但实际上，正如花旗亚洲经济学家指出的那样，他们的有效税率因各种优惠和激励措施而大大降低，15%的水平仍可能引发问题。爱尔兰和澳门的企业税率分别为12.5%和12%，即使不考虑任何减免或激励措施，也会受到影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/87a0465eae87e4c5f534f806d5a020c0\" tg-width=\"335\" tg-height=\"418\">A number of major American companies make more than 50% of their income internationally, and have both foreign effective tax rates and consensus 2022 effective tax rates below 15%, according to an analysis by Goldman Sachs. That list includesNVIDIACorp.,BroadcomInc.,Las Vegas SandsCorp.andMicrochip TechnologyInc.The analysts see fewer impacts in Europe, where the vast majority of companies already pay above 21% as it is.</p><p><blockquote>高盛（Goldman Sachs）的分析显示，许多美国大公司超过50%的收入来自国际，其外国有效税率和共识2022年有效税率均低于15%。这份名单包括英伟达(NvidiaCorp.)、博通(BroadcomInc.)、拉斯维加斯金沙(Las Vegas SandsCorp.)和微芯片技术(Microchip TechnologyInc.)。分析师认为欧洲的影响较小，欧洲绝大多数公司的支付率已经超过21%。</blockquote></p><p> Paradoxically, the lower the minimum proposed, the greater the threat to the most obvious havens such as Jersey, the Cayman Islands and the British Virgin Islands. Since those territories have 0% corporation tax rates, they will be hit under an agreement on any level and a lower proposal is more likely to garnerbroad international support.</p><p><blockquote>矛盾的是，提议的最低限度越低，对泽西岛、开曼群岛和英属维尔京群岛等最明显的避风港的威胁就越大。由于这些地区的公司税税率为0%，因此根据任何级别的协议，它们都会受到打击，而较低的提案更有可能获得广泛的国际支持。</blockquote></p><p> Relatively less-taxed sectors of the equity market haveoutperformed considerablysince the global financial crisis, something which hasn’t been unnoticed by policy makers. Even if we leave the idea of a global minimum tax aside, the Biden administration plans to double the tax on global intangible low-tax income repatriated from abroad,known as Gilti.</p><p><blockquote>自全球金融危机以来，税收相对较低的股市板块的表现显着优于大盘，这一点并没有被政策制定者忽视。即使我们抛开全球最低税的想法，拜登政府也计划对从国外汇回的全球无形低税收入（即Gilti）征税一倍。</blockquote></p><p> One interesting possibility raised by credit analysts at Danske Bank is that a global minimum tax—and higher rates in general—could increase corporate debt levels at the margin by exacerbating the bias toward debt financing that is already embedded in most tax systems.</p><p><blockquote>丹斯克银行（Danske Bank）信贷分析师提出的一个有趣的可能性是，全球最低税——以及总体上更高的税率——可能会加剧大多数税收体系中已经存在的对债务融资的偏见，从而在边际上增加企业债务水平。</blockquote></p><p> While it is still unclear whether a global minimum tax will ever come to pass, the worm seems to have turned on corporate tax levels generally. Companies that pay very low corporate taxes—and their investors—should brace for impact.</p><p><blockquote>虽然目前还不清楚全球最低税是否会通过，但蠕虫似乎已经普遍开启了公司税水平。缴纳极低公司税的公司及其投资者应该做好应对冲击的准备。</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>How a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</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\">\nHow a Global Minimum Tax Could Impact Markets<blockquote>全球最低税如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-05-25 15:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies with lots of overseas revenue and very low tax bills.  The U.S. Treasury Department wants a global minimum corporate tax rate of 15%,a reduced askfrom the 21% level it previously suggested. If the policy ever came to pass, that could still have a marked impact on international markets.</p><p><blockquote>如果获得通过，美国对企业利润征收全球最低税的计划可能会让拥有大量海外收入和极低税单的公司感到不安。美国财政部希望全球最低企业税率为15%，较之前建议的21%水平有所降低。如果该政策成为现实，仍可能对国际市场产生重大影响。</blockquote></p><p> On a headline basis, the 15% tax would move several countries not typically considered tax havens—Thailand, the U.K. and Vietnam, for example—onto the safe side of the line.</p><p><blockquote>总体而言，15%的税收将使几个通常不被视为避税天堂的国家（例如泰国、英国和越南）转向安全地带。</blockquote></p><p> In both Hong Kong and Singapore, headline corporate tax rates sit between 15% and 21%. But in reality, as noted by Asia economists at Citi, their effective tax rates are made considerably lower by various breaks and incentives and a 15% level would likely still cause issues. Ireland and Macau, with corporate tax rates at 12.5% and 12% respectively, would both be caught even without considering any breaks or incentives.</p><p><blockquote>在香港和新加坡，总体企业税率在15%至21%之间。但实际上，正如花旗亚洲经济学家指出的那样，他们的有效税率因各种优惠和激励措施而大大降低，15%的水平仍可能引发问题。爱尔兰和澳门的企业税率分别为12.5%和12%，即使不考虑任何减免或激励措施，也会受到影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/87a0465eae87e4c5f534f806d5a020c0\" tg-width=\"335\" tg-height=\"418\">A number of major American companies make more than 50% of their income internationally, and have both foreign effective tax rates and consensus 2022 effective tax rates below 15%, according to an analysis by Goldman Sachs. That list includesNVIDIACorp.,BroadcomInc.,Las Vegas SandsCorp.andMicrochip TechnologyInc.The analysts see fewer impacts in Europe, where the vast majority of companies already pay above 21% as it is.</p><p><blockquote>高盛（Goldman Sachs）的分析显示，许多美国大公司超过50%的收入来自国际，其外国有效税率和共识2022年有效税率均低于15%。这份名单包括英伟达(NvidiaCorp.)、博通(BroadcomInc.)、拉斯维加斯金沙(Las Vegas SandsCorp.)和微芯片技术(Microchip TechnologyInc.)。分析师认为欧洲的影响较小，欧洲绝大多数公司的支付率已经超过21%。</blockquote></p><p> Paradoxically, the lower the minimum proposed, the greater the threat to the most obvious havens such as Jersey, the Cayman Islands and the British Virgin Islands. Since those territories have 0% corporation tax rates, they will be hit under an agreement on any level and a lower proposal is more likely to garnerbroad international support.</p><p><blockquote>矛盾的是，提议的最低限度越低，对泽西岛、开曼群岛和英属维尔京群岛等最明显的避风港的威胁就越大。由于这些地区的公司税税率为0%，因此根据任何级别的协议，它们都会受到打击，而较低的提案更有可能获得广泛的国际支持。</blockquote></p><p> Relatively less-taxed sectors of the equity market haveoutperformed considerablysince the global financial crisis, something which hasn’t been unnoticed by policy makers. Even if we leave the idea of a global minimum tax aside, the Biden administration plans to double the tax on global intangible low-tax income repatriated from abroad,known as Gilti.</p><p><blockquote>自全球金融危机以来，税收相对较低的股市板块的表现显着优于大盘，这一点并没有被政策制定者忽视。即使我们抛开全球最低税的想法，拜登政府也计划对从国外汇回的全球无形低税收入（即Gilti）征税一倍。</blockquote></p><p> One interesting possibility raised by credit analysts at Danske Bank is that a global minimum tax—and higher rates in general—could increase corporate debt levels at the margin by exacerbating the bias toward debt financing that is already embedded in most tax systems.</p><p><blockquote>丹斯克银行（Danske Bank）信贷分析师提出的一个有趣的可能性是，全球最低税——以及总体上更高的税率——可能会加剧大多数税收体系中已经存在的对债务融资的偏见，从而在边际上增加企业债务水平。</blockquote></p><p> While it is still unclear whether a global minimum tax will ever come to pass, the worm seems to have turned on corporate tax levels generally. Companies that pay very low corporate taxes—and their investors—should brace for impact.</p><p><blockquote>虽然目前还不清楚全球最低税是否会通过，但蠕虫似乎已经普遍开启了公司税水平。缴纳极低公司税的公司及其投资者应该做好应对冲击的准备。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/how-a-global-minimum-tax-could-impact-markets-11621844805?mod=markets_lead_pos10\">The Wall Street Journal</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.wsj.com/articles/how-a-global-minimum-tax-could-impact-markets-11621844805?mod=markets_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192073416","content_text":"If it comes to pass, U.S. plans for global minimum levy on corporate profits could rattle companies with lots of overseas revenue and very low tax bills.\n\nThe U.S. Treasury Department wants a global minimum corporate tax rate of 15%,a reduced askfrom the 21% level it previously suggested. If the policy ever came to pass, that could still have a marked impact on international markets.\nOn a headline basis, the 15% tax would move several countries not typically considered tax havens—Thailand, the U.K. and Vietnam, for example—onto the safe side of the line.\nIn both Hong Kong and Singapore, headline corporate tax rates sit between 15% and 21%. But in reality, as noted by Asia economists at Citi, their effective tax rates are made considerably lower by various breaks and incentives and a 15% level would likely still cause issues. Ireland and Macau, with corporate tax rates at 12.5% and 12% respectively, would both be caught even without considering any breaks or incentives.\nA number of major American companies make more than 50% of their income internationally, and have both foreign effective tax rates and consensus 2022 effective tax rates below 15%, according to an analysis by Goldman Sachs. That list includesNVIDIACorp.,BroadcomInc.,Las Vegas SandsCorp.andMicrochip TechnologyInc.The analysts see fewer impacts in Europe, where the vast majority of companies already pay above 21% as it is.\nParadoxically, the lower the minimum proposed, the greater the threat to the most obvious havens such as Jersey, the Cayman Islands and the British Virgin Islands. Since those territories have 0% corporation tax rates, they will be hit under an agreement on any level and a lower proposal is more likely to garnerbroad international support.\nRelatively less-taxed sectors of the equity market haveoutperformed considerablysince the global financial crisis, something which hasn’t been unnoticed by policy makers. Even if we leave the idea of a global minimum tax aside, the Biden administration plans to double the tax on global intangible low-tax income repatriated from abroad,known as Gilti.\nOne interesting possibility raised by credit analysts at Danske Bank is that a global minimum tax—and higher rates in general—could increase corporate debt levels at the margin by exacerbating the bias toward debt financing that is already embedded in most tax systems.\nWhile it is still unclear whether a global minimum tax will ever come to pass, the worm seems to have turned on corporate tax levels generally. Companies that pay very low corporate taxes—and their investors—should brace for impact.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134651870,"gmtCreate":1622226963590,"gmtModify":1631883982953,"author":{"id":"3582425507316731","authorId":"3582425507316731","name":"KennethAng08","avatar":"https://static.tigerbbs.com/7b9823e48395e8223598cadebeca2b70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425507316731","idStr":"3582425507316731"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>to the moon","listText":"<a href=\"https://laohu8.com/S/CHWY\">$Chewy, Inc.(CHWY)$</a>to the moon","text":"$Chewy, Inc.(CHWY)$to the moon","images":[{"img":"https://static.tigerbbs.com/659c4ccf1c20e4f2688d31c5a7548e22","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134651870","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}