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WCS1981

WCS1981

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2021-11-26

Though SG market does not soar as much duringgood times, we have many quality companies that can weather bad times and recover thereafter.

抱歉，原内容已删除

2021-11-24

The good results does not lead to rise in stock price…

VMware Q3 EPS $1.72 Beats $1.54 Estimate, Sales $3.19B Beat $3.12B Estimate<blockquote>VMware第三季度EPS$1.72超出预期$1.54，销售额$3.19 B超出预期$3.12 B</blockquote>

2021-11-23

Seems like the stock price doesn’t always move as expected, eg uo when earning are good. I wonder why?

抱歉，原内容已删除

2021-11-22

Sad I missed the low

Adobe shares hit a new high in morning trading<blockquote>Adobe股价早盘创下新高</blockquote>

2021-11-17

Fingers crossed

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

2021-11-12

Zoom’s drop is more understandable. Why Alibaba yet to recover? 🤔

Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>

2021-11-10

When will STI hit $3.50?

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2021-11-08

I would lock in profit if I am in his shoes

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2021-11-06

All the way up?

Semiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</blockquote>

2021-11-01

Will it last?

抱歉，原内容已删除

2021-10-28

No major dip to buy 😔

Coca-Cola Q3 Adj. EPS $0.65 Beats $0.58 Estimate, Sales $10.00B Beat $9.75B Estimate<blockquote>可口可乐第三季度调整后。EPS$0.65超出预期$0.58，销售额$10.00 B超出预期$9.75 B</blockquote>

2021-10-23

Is Intel a good buy now?

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2021-10-22

Most important is don’t panic. So long as business fundamentals remain strong, just hold till it recovers.

Is A Volatility Storm Coming?<blockquote>波动风暴要来了？</blockquote>

2021-10-18

Which one will you pick?

Top 10 stocks that Wall Street’s picks for Q4<blockquote>华尔街第四季度精选的十大股票</blockquote>

2021-10-16

Pray the momentum will continue! 😂

抱歉，原内容已删除

2021-10-15

Still waiting for my portfolio to turn all green😂

抱歉，原内容已删除

2021-10-13

The numbers dun look good

抱歉，原内容已删除

2021-10-11

Fingers crossed

抱歉，原内容已删除

2021-10-09

Time to resume the climb?

6 reasons this is a fresh multiyear bull market and 6 stocks in the surprising sector you should favor<blockquote>这是一个新的多年牛市的6个原因以及您应该青睐的令人惊讶的行业中的6只股票</blockquote>

2021-10-08

Already fully vested. Hope it will turn green soon.

抱歉，原内容已删除

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This is a 3.61 percent increase over earnings of $1.66 per share from the same period last year.  The company reported quarterly sales of $3.19 billion which beat the analyst consensus estimate of $3.12 billion by 2.24 percent.  This is a 11.38 percent increase over sales of $2.86 billion the same period last year.</p><p><blockquote><html><body>VMware（纽约证券交易所股票代码：VMW）报告季度收益为每股1.72美元，比分析师普遍预期的1.54美元高出11.69%。这比去年同期每股收益1.66美元增长了3.61%。该公司报告季度销售额为31.9亿美元，比分析师普遍预期的31.2亿美元高出2.24%。这比去年同期28.6亿美元的销售额增长了11.38%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VMW":"威睿"},"source_url":"https://www.benzinga.com/news/earnings/21/11/24262795/vmware-q3-eps-1-72-beats-1-54-estimate-sales-3-19b-beat-3-12b-estimate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185335645","content_text":"VMware (NYSE:VMW) reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.54 by 11.69 percent. This is a 3.61 percent increase over earnings of $1.66 per share from the same period last year.  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I wonder why?&nbsp;","text":"Seems like the stock price doesn’t always move as expected, eg uo when earning are good. I wonder why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875881772","repostId":"2185806024","repostType":4,"isVote":1,"tweetType":1,"viewCount":2695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872562328,"gmtCreate":1637548857014,"gmtModify":1637548857252,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Sad I missed the low&nbsp;","listText":"Sad I missed the low&nbsp;","text":"Sad I missed the low","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872562328","repostId":"1177334934","repostType":4,"repost":{"id":"1177334934","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637333626,"share":"https://www.laohu8.com/m/news/1177334934?lang=zh_CN&edition=full","pubTime":"2021-11-19 22:53","market":"us","language":"en","title":"Adobe shares hit a new high in morning trading<blockquote>Adobe股价早盘创下新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177334934","media":"Tiger Newspress","summary":"Adobe shares hit a new high in morning trading.Adobe Inc on Thursday said it was partnering with San","content":"<p>Adobe shares hit a new high in morning trading.Adobe Inc&nbsp;on Thursday said it was partnering with San Francisco-based startup Bolt to add one-click checkouts for retailers that use Adobe's e-commerce software tools.</p><p><blockquote>Adobe股价在早盘交易中创下新高。Adobe Inc周四表示，正在与旧金山初创公司Bolt合作，为使用Adobe电子商务软件工具的零售商增加一键结账功能。</blockquote></p><p> Once known for software such as Photoshop, Adobe has branched out into digital marketing and e-commerce tools for retailers.</p><p><blockquote>Adobe曾因Photoshop等软件而闻名，如今已向零售商发展成为数字营销和电子商务工具。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c0b5018b48388c65016f6b848cfc4f74\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adobe shares hit a new high in morning trading<blockquote>Adobe股价早盘创下新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe shares hit a new high in morning trading<blockquote>Adobe股价早盘创下新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-19 22:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Adobe shares hit a new high in morning trading.Adobe Inc&nbsp;on Thursday said it was partnering with San Francisco-based startup Bolt to add one-click checkouts for retailers that use Adobe's e-commerce software tools.</p><p><blockquote>Adobe股价在早盘交易中创下新高。Adobe Inc周四表示，正在与旧金山初创公司Bolt合作，为使用Adobe电子商务软件工具的零售商增加一键结账功能。</blockquote></p><p> Once known for software such as Photoshop, Adobe has branched out into digital marketing and e-commerce tools for retailers.</p><p><blockquote>Adobe曾因Photoshop等软件而闻名，如今已向零售商发展成为数字营销和电子商务工具。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c0b5018b48388c65016f6b848cfc4f74\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177334934","content_text":"Adobe shares hit a new high in morning trading.Adobe Inc on Thursday said it was partnering with San Francisco-based startup Bolt to add one-click checkouts for retailers that use Adobe's e-commerce software tools.\nOnce known for software such as Photoshop, Adobe has branched out into digital marketing and e-commerce tools for retailers.","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":2430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878078361,"gmtCreate":1637130461089,"gmtModify":1637130603738,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Fingers crossed","listText":"Fingers crossed","text":"Fingers crossed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878078361","repostId":"1126829465","repostType":4,"repost":{"id":"1126829465","kind":"news","pubTimestamp":1637108959,"share":"https://www.laohu8.com/m/news/1126829465?lang=zh_CN&edition=full","pubTime":"2021-11-17 08:29","market":"sg","language":"en","title":"Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126829465","media":"Nasdaq","summary":"(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through","content":"<p>(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.</p><p><blockquote>（RTTNews）——新加坡股市在过去四个交易日中涨跌互现，此前连续两天下跌超过30点或1%。海峡时报指数目前略低于3,240点的高位，尽管周三可能会再次走高。</blockquote></p><p> The global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p><blockquote>由于稳健的经济数据和科技股的支持，全球对亚洲市场的预测是乐观的。欧洲市场涨跌互现，美国股市上涨，亚洲市场似乎分担了这一差异。</blockquote></p><p> The STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.</p><p><blockquote>由于金融股和工业股表现好坏参半，海指周二收盘小幅走低。</blockquote></p><p> For the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.</p><p><blockquote>当天，该指数在3,230.96至3,246.25之间交易后，下跌1.78点或0.05%，收于3,238.80点。成交量为15.8亿股，价值11.7亿新元。上涨261家，下跌200家。</blockquote></p><p> Among the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.</p><p><blockquote>活跃股中，Ascendas REIT下跌0.65%，City Developments上涨0.28%，Comfort DelGro上涨0.67%，Dairy Farm International下跌0.89%，DBS Group下跌0.47%，云顶新加坡上涨1.21%，丰树物流信托上涨1.02%，华侨银行上涨0.08%，新航和胜科工业均上涨0.49%，新加坡航空上涨0.19%，新加坡交易所下跌0.53%，新加坡报业控股飙升1.72%，新加坡科技工程上涨0.26%，新加坡饮料飙升1.38%，大华银行下跌0.14%，丰益国际下跌0.23%，吉宝企业、丰树商业信托、凯德综合商业信托和UOL集团持平。</blockquote></p><p> The lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.</p><p><blockquote>华尔街的领先是积极的，主要股指周二开盘走高，并在整个交易日保持绿色。</blockquote></p><p> The Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&amp;P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.</p><p><blockquote>道琼斯指数上涨54.77点，涨幅0.15%，收于36,142.22点；纳斯达克上涨120.01点，涨幅0.76%，收于15,973.86点；标普500上涨18.10点，涨幅0.39%，收于4,700.90点。</blockquote></p><p> The strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.</p><p><blockquote>华尔街的走强反映了对一些乐观的美国经济数据的积极反应，包括商务部报告显示10月份零售额飙升超过预期。</blockquote></p><p> The Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.</p><p><blockquote>美联储还发布报告显示，10月工业生产反弹幅度远超预期。</blockquote></p><p> Crude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.</p><p><blockquote>原油期货周二收低，受国际能源署预测全球原油产量将上升并有助于缓解供应紧张的情况打压。西德克萨斯中质原油12月期货收跌0.12美元或0.2%，报每桶80.76美元。</blockquote></p><p> Closer to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.</p><p><blockquote>言归正传，新加坡将于今天上午晚些时候公布10月份非石油国内出口数据，预测显示环比增长0.4%，同比增长15.0%，此前环比增长1.2%，同比增长12.3%。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRebound Predicted For Singapore Stock Market<blockquote>新加坡股市预计反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-11-17 08:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.</p><p><blockquote>（RTTNews）——新加坡股市在过去四个交易日中涨跌互现，此前连续两天下跌超过30点或1%。海峡时报指数目前略低于3,240点的高位，尽管周三可能会再次走高。</blockquote></p><p> The global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p><blockquote>由于稳健的经济数据和科技股的支持，全球对亚洲市场的预测是乐观的。欧洲市场涨跌互现，美国股市上涨，亚洲市场似乎分担了这一差异。</blockquote></p><p> The STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.</p><p><blockquote>由于金融股和工业股表现好坏参半，海指周二收盘小幅走低。</blockquote></p><p> For the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.</p><p><blockquote>当天，该指数在3,230.96至3,246.25之间交易后，下跌1.78点或0.05%，收于3,238.80点。成交量为15.8亿股，价值11.7亿新元。上涨261家，下跌200家。</blockquote></p><p> Among the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.</p><p><blockquote>活跃股中，Ascendas REIT下跌0.65%，City Developments上涨0.28%，Comfort DelGro上涨0.67%，Dairy Farm International下跌0.89%，DBS Group下跌0.47%，云顶新加坡上涨1.21%，丰树物流信托上涨1.02%，华侨银行上涨0.08%，新航和胜科工业均上涨0.49%，新加坡航空上涨0.19%，新加坡交易所下跌0.53%，新加坡报业控股飙升1.72%，新加坡科技工程上涨0.26%，新加坡饮料飙升1.38%，大华银行下跌0.14%，丰益国际下跌0.23%，吉宝企业、丰树商业信托、凯德综合商业信托和UOL集团持平。</blockquote></p><p> The lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.</p><p><blockquote>华尔街的领先是积极的，主要股指周二开盘走高，并在整个交易日保持绿色。</blockquote></p><p> The Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&amp;P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.</p><p><blockquote>道琼斯指数上涨54.77点，涨幅0.15%，收于36,142.22点；纳斯达克上涨120.01点，涨幅0.76%，收于15,973.86点；标普500上涨18.10点，涨幅0.39%，收于4,700.90点。</blockquote></p><p> The strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.</p><p><blockquote>华尔街的走强反映了对一些乐观的美国经济数据的积极反应，包括商务部报告显示10月份零售额飙升超过预期。</blockquote></p><p> The Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.</p><p><blockquote>美联储还发布报告显示，10月工业生产反弹幅度远超预期。</blockquote></p><p> Crude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.</p><p><blockquote>原油期货周二收低，受国际能源署预测全球原油产量将上升并有助于缓解供应紧张的情况打压。西德克萨斯中质原油12月期货收跌0.12美元或0.2%，报每桶80.76美元。</blockquote></p><p> Closer to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.</p><p><blockquote>言归正传，新加坡将于今天上午晚些时候公布10月份非石油国内出口数据，预测显示环比增长0.4%，同比增长15.0%，此前环比增长1.2%，同比增长12.3%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/rebound-predicted-for-singapore-stock-market\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.nasdaq.com/articles/rebound-predicted-for-singapore-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126829465","content_text":"(RTTNews) - The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now sits just beneath the 3,240-point plateau although it's likely to tick higher again on Wednesday.\nThe global forecast for the Asian markets is upbeat on solid economic data and support from the technology stocks. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.\nThe STI finished barely lower on Tuesday following mixed performances from the financial shares and industrial issues.\nFor the day, the index dipped 1.78 points or 0.05 percent to finish at 3,238.80 after trading between 3,230.96 and 3,246.25. Volume was 1.58 billion shares worth 1.17 billion Singapore dollars. There were 261 gainers and 200 decliners.\nAmong the actives, Ascendas REIT sank 0.65 percent, while City Developments gained 0.28 percent, Comfort DelGro advanced 0.67 percent, Dairy Farm International skidded 0.89 percent, DBS Group shed 0.47 percent, Genting Singapore jumped 1.21 percent, Mapletree Logistics Trust climbed 1.02 percent, Oversea-Chinese Banking Corporation collected 0.08 percent, SATS and SembCorp Industries both added 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange dropped 0.53 percent, Singapore Press Holdings spiked 1.72 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel and Yangzijiang Shipbuilding both tumbled 1.55 percent, Thai Beverage soared 1.38 percent, United Overseas Bank eased 0.14 percent, Wilmar International lost 0.23 percent and Keppel Corp, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust and UOL Group were unchanged.\nThe lead from Wall Street is positive as the major averages opened higher on Tuesday and remained in the green throughout the session.\nThe Dow added 54.77 points or 0.15 percent to finish at 36,142.22, while the NASDAQ jumped 120.01 points or 0.76 percent to close at 15,973.86 and the S&P 500 rose 18.10 points or 0.39 percent to end at 4,700.90.\nThe strength on Wall Street reflected a positive reaction to some upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked more than expected in October.\nThe Federal Reserve also released a report showing industrial production rebounded by much more than expected in October.\nCrude oil futures settled lower on Tuesday, weighed down by a forecast by the International Energy Agency that global crude output will rise and help ease tight supplies. West Texas Intermediate Crude oil futures for December ended lower by $0.12 or 0.2 percent at $80.76 a barrel.\nCloser to home, Singapore will release October figures for non-oil domestic exports later this morning, with forecasts suggesting an increase of 0.4 percent on month and 15.0 percent on year following the 1.2 percent monthly increase and the 12.3 percent annual gain.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":3640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879296897,"gmtCreate":1636726511524,"gmtModify":1636726511711,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Zoom’s drop is more understandable. Why Alibaba yet to recover? 🤔","listText":"Zoom’s drop is more understandable. Why Alibaba yet to recover? 🤔","text":"Zoom’s drop is more understandable. Why Alibaba yet to recover? 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879296897","repostId":"1137718483","repostType":4,"repost":{"id":"1137718483","kind":"news","pubTimestamp":1636677707,"share":"https://www.laohu8.com/m/news/1137718483?lang=zh_CN&edition=full","pubTime":"2021-11-12 08:41","market":"us","language":"en","title":"Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137718483","media":"Motley Fool","summary":"$Alibaba$ Group has plummeted 49% since peaking 13 months ago.Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.Alibaba and two other U.S. former market darlings have a strong chance to bounce back from here.Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day c","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li>  <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li>  <li>Alibaba&nbsp;and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来，该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议，阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定，但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创，然后才将资金放在场外发挥作用？嗯，很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and&nbsp;<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>&nbsp;have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>（纽约证券交易所代码：BABA），<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>，和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来，均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说，周四应该是个大日子。今天是光棍节！阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节，交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后，投资者避开了中国的成长型股票，但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年，该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标，追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月，当面对面的课程、工作会议以及朋友和家人的聚会都不安全时，视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗，病例数也减少了，Zoom真的有未来吗？</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样，Zoom的股价在13个月前见顶。自该高点以来，Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然，收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而，Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品，最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期，Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现，目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前，我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行，视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说，一切都很顺利，直到我们冷静下来，扔掉我们的酸面团发酵剂，出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道，该公司正在就收购Pinterest进行谈判，这笔交易主要是股票交易，Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里，因为自拟议的合并取消以来，该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售，但即使现在交易尚未摆在桌面上，该股仍在继续下跌。既然这两只股票都失宠了，它可能不会卷土重来，但Pinterest仍然拥有一个充满活力的平台，货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众，收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</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>Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</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\">\nWhy Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-12 08:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li>  <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li>  <li>Alibaba&nbsp;and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来，该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议，阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定，但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创，然后才将资金放在场外发挥作用？嗯，很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and&nbsp;<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>&nbsp;have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>（纽约证券交易所代码：BABA），<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>，和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来，均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说，周四应该是个大日子。今天是光棍节！阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节，交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后，投资者避开了中国的成长型股票，但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年，该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标，追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月，当面对面的课程、工作会议以及朋友和家人的聚会都不安全时，视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗，病例数也减少了，Zoom真的有未来吗？</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样，Zoom的股价在13个月前见顶。自该高点以来，Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然，收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而，Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品，最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期，Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现，目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前，我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行，视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说，一切都很顺利，直到我们冷静下来，扔掉我们的酸面团发酵剂，出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道，该公司正在就收购Pinterest进行谈判，这笔交易主要是股票交易，Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里，因为自拟议的合并取消以来，该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售，但即使现在交易尚未摆在桌面上，该股仍在继续下跌。既然这两只股票都失宠了，它可能不会卷土重来，但Pinterest仍然拥有一个充满活力的平台，货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众，收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","ZM":"Zoom","PINS":"Pinterest, Inc."},"source_url":"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137718483","content_text":"Key Points\n\nAlibaba Group has plummeted 49% since peaking 13 months ago.\nAlibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.\nAlibaba and two other U.S. former market darlings have a strong chance to bounce back from here.\n\nThe market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.\nShares ofAlibaba Group Holding(NYSE:BABA),Zoom Video, and Pinterest have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.\n1. Alibaba\nThursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.\nSingles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.\nAlibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.\n2. Zoom Video\nThe rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?\nThe market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.\nHowever, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.\n3. Pinterest\nA year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.\nEverything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.\nLast month PayPal Holdings was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.\nPayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.\nAlibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.","news_type":1,"symbols_score_info":{"BABA":0.9,"PINS":0.9,"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":2928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847869712,"gmtCreate":1636506828178,"gmtModify":1636506828844,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"When will STI hit $3.50?&nbsp;","listText":"When will STI hit $3.50?&nbsp;","text":"When will STI hit $3.50?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847869712","repostId":"1179672442","repostType":4,"isVote":1,"tweetType":1,"viewCount":2222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845540102,"gmtCreate":1636354867254,"gmtModify":1636354867928,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"I would lock in profit if I am in his shoes","listText":"I would lock in profit if I am in his shoes","text":"I would lock in profit if I am in his shoes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845540102","repostId":"2181233137","repostType":4,"isVote":1,"tweetType":1,"viewCount":3177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842365806,"gmtCreate":1636138505214,"gmtModify":1636138505933,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"All the way up?","listText":"All the way up?","text":"All the way up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/842365806","repostId":"1156595517","repostType":4,"repost":{"id":"1156595517","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636124945,"share":"https://www.laohu8.com/m/news/1156595517?lang=zh_CN&edition=full","pubTime":"2021-11-05 23:09","market":"us","language":"en","title":"Semiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156595517","media":"Tiger Newspress","summary":"Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP Semiconductors NV,Broadcom","content":"<p>Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP&nbsp;Semiconductors&nbsp;NV,Broadcom,Micron&nbsp;and&nbsp;AMD&nbsp;rose&nbsp;between 1% and 5%.</p><p><blockquote>半导体股早盘上涨。高通、英伟达、英特尔、恩智浦半导体、博通、美光和AMD涨幅在1%至5%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a5432c07e2189854dcd840a054166ac3\" tg-width=\"409\" tg-height=\"418\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</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\">\nSemiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-05 23:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP&nbsp;Semiconductors&nbsp;NV,Broadcom,Micron&nbsp;and&nbsp;AMD&nbsp;rose&nbsp;between 1% and 5%.</p><p><blockquote>半导体股早盘上涨。高通、英伟达、英特尔、恩智浦半导体、博通、美光和AMD涨幅在1%至5%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a5432c07e2189854dcd840a054166ac3\" tg-width=\"409\" tg-height=\"418\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NXPI":"恩智浦","QCOM":"高通","MICR":"Micron Solutions, Inc.","NVDA":"英伟达","AMD":"美国超微公司","INTC":"英特尔","AVGO":"博通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156595517","content_text":"Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP Semiconductors NV,Broadcom,Micron and AMD rose between 1% and 5%.","news_type":1,"symbols_score_info":{"AMD":0.9,"NXPI":0.9,"INTC":0.9,"AVGO":0.9,"MICR":0.9,"NVDA":0.9,"QCOM":0.9}},"isVote":1,"tweetType":1,"viewCount":4252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849532330,"gmtCreate":1635765120596,"gmtModify":1635765120812,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Will it last?","listText":"Will it last?","text":"Will it last?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849532330","repostId":"1162506014","repostType":4,"isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854349106,"gmtCreate":1635423508141,"gmtModify":1635423570949,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"No major dip to buy 😔&nbsp;","listText":"No major dip to buy 😔&nbsp;","text":"No major dip to buy 😔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854349106","repostId":"2178299280","repostType":4,"repost":{"id":"2178299280","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1635332205,"share":"https://www.laohu8.com/m/news/2178299280?lang=zh_CN&edition=full","pubTime":"2021-10-27 18:56","market":"us","language":"en","title":"Coca-Cola Q3 Adj. EPS $0.65 Beats $0.58 Estimate, Sales $10.00B Beat $9.75B Estimate<blockquote>可口可乐第三季度调整后。EPS$0.65超出预期$0.58，销售额$10.00 B超出预期$9.75 B</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2178299280","media":"Benzinga","summary":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.58 by 12.07 percent. This is a 18.18 percent increase over earnings of $0.55 per share from the same","content":"<p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.58 by 12.07 percent. This is a 18.18 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $10.00 billion which beat the analyst consensus estimate of $9.75 billion by 2.56 percent. This is a 15.58 percent increase over sales of $8.65 billion the same period last year.</p><p><blockquote>可口可乐（纽约证券交易所股票代码：KO）报告季度收益为每股0.65美元，比分析师普遍预期的0.58美元高出12.07%。这比去年同期每股收益0.55美元增长了18.18%。该公司报告季度销售额为100亿美元，比分析师普遍预期的97.5亿美元高出2.56%。这比去年同期86.5亿美元的销售额增长了15.58%。</blockquote></p><p> Coca-Cola Co raised its full-year profit forecast on Wednesday, as the reopening of theaters and restaurants in the United States drove demand for its sodas, sending its shares up 2% in premarket trading.</p><p><blockquote>可口可乐公司周三上调了全年利润预期，因美国剧院和餐馆的重新开放推动了对其苏打水的需求，导致其股价在盘前交易中上涨2%。</blockquote></p><p> Revenue from Coca-Cola's North America business rose 13% in the third quarter, helped by the vaccine-aided reopening of public venues across the United States.</p><p><blockquote>得益于疫苗帮助美国各地公共场所重新开放，可口可乐北美业务第三季度收入增长了13%。</blockquote></p><p> The company also raised prices to counter some of the impact from surging commodity and freight costs.</p><p><blockquote>该公司还提高了价格，以应对大宗商品和货运成本飙升的部分影响。</blockquote></p><p> Coca-Cola expects its annual adjusted earnings per share to rise 15% to 17%, compared with a prior forecast of a 13% to 15% increase.</p><p><blockquote>可口可乐预计其年度调整后每股收益将增长15%至17%，此前预测为增长13%至15%。</blockquote></p><p> Its adjusted net operating revenue rose to $10.04 billion in the third quarter ended Oct. 1 from $8.65 billion a year earlier, compared with estimates of $9.75 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据，截至10月1日的第三季度，其调整后净营业收入从去年同期的86.5亿美元增至100.4亿美元，而预期为97.5亿美元。</blockquote></p><p> Coca-Cola&nbsp;shares&nbsp;once&nbsp;jumped&nbsp;3%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>可口可乐股价在盘前交易中一度上涨3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c4a12118b2c4ed320a176583dae5d206\" tg-width=\"880\" tg-height=\"604\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Q3 Adj. EPS $0.65 Beats $0.58 Estimate, Sales $10.00B Beat $9.75B Estimate<blockquote>可口可乐第三季度调整后。EPS$0.65超出预期$0.58，销售额$10.00 B超出预期$9.75 B</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\">\nCoca-Cola Q3 Adj. EPS $0.65 Beats $0.58 Estimate, Sales $10.00B Beat $9.75B Estimate<blockquote>可口可乐第三季度调整后。EPS$0.65超出预期$0.58，销售额$10.00 B超出预期$9.75 B</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-27 18:56</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.58 by 12.07 percent. This is a 18.18 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $10.00 billion which beat the analyst consensus estimate of $9.75 billion by 2.56 percent. This is a 15.58 percent increase over sales of $8.65 billion the same period last year.</p><p><blockquote>可口可乐（纽约证券交易所股票代码：KO）报告季度收益为每股0.65美元，比分析师普遍预期的0.58美元高出12.07%。这比去年同期每股收益0.55美元增长了18.18%。该公司报告季度销售额为100亿美元，比分析师普遍预期的97.5亿美元高出2.56%。这比去年同期86.5亿美元的销售额增长了15.58%。</blockquote></p><p> Coca-Cola Co raised its full-year profit forecast on Wednesday, as the reopening of theaters and restaurants in the United States drove demand for its sodas, sending its shares up 2% in premarket trading.</p><p><blockquote>可口可乐公司周三上调了全年利润预期，因美国剧院和餐馆的重新开放推动了对其苏打水的需求，导致其股价在盘前交易中上涨2%。</blockquote></p><p> Revenue from Coca-Cola's North America business rose 13% in the third quarter, helped by the vaccine-aided reopening of public venues across the United States.</p><p><blockquote>得益于疫苗帮助美国各地公共场所重新开放，可口可乐北美业务第三季度收入增长了13%。</blockquote></p><p> The company also raised prices to counter some of the impact from surging commodity and freight costs.</p><p><blockquote>该公司还提高了价格，以应对大宗商品和货运成本飙升的部分影响。</blockquote></p><p> Coca-Cola expects its annual adjusted earnings per share to rise 15% to 17%, compared with a prior forecast of a 13% to 15% increase.</p><p><blockquote>可口可乐预计其年度调整后每股收益将增长15%至17%，此前预测为增长13%至15%。</blockquote></p><p> Its adjusted net operating revenue rose to $10.04 billion in the third quarter ended Oct. 1 from $8.65 billion a year earlier, compared with estimates of $9.75 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据，截至10月1日的第三季度，其调整后净营业收入从去年同期的86.5亿美元增至100.4亿美元，而预期为97.5亿美元。</blockquote></p><p> Coca-Cola&nbsp;shares&nbsp;once&nbsp;jumped&nbsp;3%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>可口可乐股价在盘前交易中一度上涨3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c4a12118b2c4ed320a176583dae5d206\" tg-width=\"880\" tg-height=\"604\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2178299280","content_text":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.58 by 12.07 percent. This is a 18.18 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $10.00 billion which beat the analyst consensus estimate of $9.75 billion by 2.56 percent. This is a 15.58 percent increase over sales of $8.65 billion the same period last year.\nCoca-Cola Co raised its full-year profit forecast on Wednesday, as the reopening of theaters and restaurants in the United States drove demand for its sodas, sending its shares up 2% in premarket trading.\nRevenue from Coca-Cola's North America business rose 13% in the third quarter, helped by the vaccine-aided reopening of public venues across the United States.\nThe company also raised prices to counter some of the impact from surging commodity and freight costs.\nCoca-Cola expects its annual adjusted earnings per share to rise 15% to 17%, compared with a prior forecast of a 13% to 15% increase.\nIts adjusted net operating revenue rose to $10.04 billion in the third quarter ended Oct. 1 from $8.65 billion a year earlier, compared with estimates of $9.75 billion, according to IBES data from Refinitiv.\nCoca-Cola shares once jumped 3% in premarket trading.","news_type":1,"symbols_score_info":{"KO":0.9}},"isVote":1,"tweetType":1,"viewCount":628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858368491,"gmtCreate":1634983395056,"gmtModify":1634983395749,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Is Intel a good buy now?","listText":"Is Intel a good buy now?","text":"Is Intel a good buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858368491","repostId":"1172683205","repostType":4,"isVote":1,"tweetType":1,"viewCount":1078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851946461,"gmtCreate":1634866387078,"gmtModify":1634866436045,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Most important is don’t panic. So long as business fundamentals remain strong, just hold till it recovers.&nbsp;","listText":"Most important is don’t panic. So long as business fundamentals remain strong, just hold till it recovers.&nbsp;","text":"Most important is don’t panic. So long as business fundamentals remain strong, just hold till it recovers.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851946461","repostId":"1199242962","repostType":4,"repost":{"id":"1199242962","kind":"news","pubTimestamp":1634819968,"share":"https://www.laohu8.com/m/news/1199242962?lang=zh_CN&edition=full","pubTime":"2021-10-21 20:39","market":"us","language":"en","title":"Is A Volatility Storm Coming?<blockquote>波动风暴要来了？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199242962","media":"zerohedge","summary":"“\n Volatility often refers to the amount of uncertainty or risk related to the size of changes in a ","content":"<p>  “  <i>Volatility often refers to the amount of uncertainty or risk related to the&nbsp;size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction.”</i>– Investopedia  <b>Federal Reserve Bond Tapering &amp; Interest Rate Hikes Reduce Liquidity</b></p><p><blockquote>“<i>波动性通常是指与证券价值变化大小相关的不确定性或风险的大小。较高的波动性意味着证券的价值可能会分散到更大的价值范围内。这意味着证券的价格可能会在短时间内朝任一方向发生巨大变化。”</i>-投资百科<b>美联储债券缩减和加息减少流动性</b></blockquote></p><p> Federal Reserve liquidity injections have bailed out the economy and equity markets for the last 18 months. And as a result, the bailout created a relatively low volatility environment for equity and bond markets.&nbsp; Will the announced withdrawal of Fed injections of $120B per month set up the monetary system for higher volatility? &nbsp;We see major economic forces combining in the intermediate future to create a possible ‘volatility storm’ driving valuations down.&nbsp;These economic forces include:</p><p><blockquote>过去18个月，美联储的流动性注入为经济和股市提供了救助。结果，救助为股票和债券市场创造了一个波动性相对较低的环境。美联储宣布撤回每月1200亿美元的注资是否会让货币体系面临更高的波动性？我们看到主要经济力量将在中期结合起来，可能会造成一场“波动风暴”，导致估值下降。这些经济力量包括：</blockquote></p><p> <ul>  <li><i>Fed tapering</i></li>  <li><i>Interest rate hikes</i></li>  <li><i>Inflation</i></li>  <li><i>Labor wage increases</i>.</li> </ul> One of these macro factors is a challenge for monetary policymakers to mitigate damage to the financial system.&nbsp; But, a combination of these factors already building may overwhelm the monetary system. Further, markets are at historic high valuations today. But, market weaknesses and structure, along with valuations may create optimal conditions for a volatility storm.</p><p><blockquote><ul><li><i>美联储缩减规模</i></li><li><i>加息</i></li><li><i>通货膨胀</i></li><li><i>劳动力工资上涨</i>.</li></ul>这些宏观因素之一是货币政策制定者减轻对金融体系损害的挑战。但是，这些因素的结合可能会压垮货币体系。此外，目前市场估值处于历史高位。但是，市场弱点和结构以及估值可能会为波动风暴创造最佳条件。</blockquote></p><p> <b>Taper Is Coming</b></p><p><blockquote><b>Taper来了</b></blockquote></p><p> In September, the minutes of the September Federal Open Market Committee meeting noted that most participants agreed that tapering of treasury and mortgage bond purchases should begin in December, but analysts expect a formal announcement at the November Fed meeting.&nbsp; Accordingly, here is a forecast of how the projected tapering may occur into mid – June 2022.</p><p><blockquote>9月，联邦公开市场委员会9月会议纪要指出，大多数与会者同意应在12月开始缩减美国国债和抵押贷款债券购买，但分析师预计将在11月美联储会议上正式宣布。因此，这里对预计的缩减可能如何进行到2022年6月中旬的预测。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b46d7d94707e6fedad83d772a24c0293\" tg-width=\"478\" tg-height=\"294\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: Zero Hedge, Real Investment Advice – 10/15/21</p><p><blockquote>资料来源：零对冲，真实投资建议-10/15/21</blockquote></p><p> The financial markets enjoyed about $2.16T in liquidity injections resulting in a low volatility monetary environment for the S&amp;P 500 to bull market from a March 2020 low of 2191 to 4471. The impact of tapering is both real and psychological.&nbsp; However, some analysts argue that the real reduction in bond purchases will have a minimal effect on bond markets.&nbsp; Others note that while the actual withdrawal of treasury bond purchases in the $21.9T treasury market is small, the psychological aspects of tapering are significant.&nbsp; Investors will feel the Federal Reserve is not ‘covering their downside risk’ anymore.</p><p><blockquote>金融市场获得了约2.16 T美元的流动性注入，为标普500从2020年3月低点2191点至4471点的牛市带来了低波动性的货币环境。缩减购债规模的影响既是真实的，也是心理上的。然而，一些分析师认为，真正缩减购债规模对债券市场的影响微乎其微。另一些分析师指出，虽然21.9美元国债市场实际撤出的国债购买规模很小，但缩减购债规模的心理影响很大。投资者会觉得美联储不再“掩盖他们的下行风险”。</blockquote></p><p> Some economists see an increase in volatility due to the end of bond purchases and increasing interest rates. &nbsp;On Fox&nbsp;News, October 17th, Mohammed El-Erian, Chief Economic Advisor at Allianz SE, said he sees increased volatility in the future.</p><p><blockquote>一些经济学家认为，由于债券购买结束和利率上升，波动性将会增加。在福克斯新闻频道，10月17日，安联首席经济顾问Mohammed El-Erian说，他认为未来的波动性会增加。</blockquote></p><p>   <i>“I worry…that this wonderful world we’ve been living in of low volatility, everything going up, may come to a stop with higher volatility. If I were an investor, I would recognize that I’m riding a huge liquidity wave thanks to the Fed, but I would remember that waves tend to break at some point, so I would be very attentive</i>.”  <b>Inflation Surges to Decade Highs</b></p><p><blockquote><i>“我担心……我们生活在这个低波动性、一切都在上涨的美好世界，可能会随着更高的波动性而停止。如果我是一名投资者，我会认识到我正在乘着巨大的流动性浪潮感谢美联储，但我会记住波浪往往会在某个时候破裂，所以我会非常关注</i>.”<b>通胀飙升至十年高点</b></blockquote></p><p> The Consumer Price Index, CPI has moved above 5% on a year-over-year basis and it continues to rise.&nbsp; Housing rent prices are up by 17.9%, according to the Case – Shiller housing September index.&nbsp; Rent increases lead owner equivalent rent housing costs by five months based on a model by Macrobond and Nordea. This means that the 14% jump in existing home prices YoY is likely to extend into next year. &nbsp;&nbsp;Below is a chart of the CPI since 2017 and major components such as housing and gasoline.</p><p><blockquote>消费者价格指数CPI同比涨幅超过5%，并且还在继续上涨。根据Case-Shiller住房9月份指数，住房租金价格上涨了17.9%。根据Macrobond和Nordea的模型，租金使主要业主的当量租金住房成本增加了五个月。这意味着现房价格同比上涨14%可能会延续到明年。下面是2017年以来CPI以及住房和汽油等主要组成部分的图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/42bb01bf2a1f52ca5608cb7d58333091\" tg-width=\"624\" tg-height=\"300\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: Bloomberg, Bureau of Labor Statistics – 10/13/21</p><p><blockquote>资料来源：彭博社，劳工统计局-10/13/21</blockquote></p><p> The record prices of key commodities continue to drive the price of manufactured goods higher. Oil prices settled at $85 per barrel, a three-year high on October 15th.&nbsp; Aluminum prices have increased by 40% in the last year. &nbsp;The metal price hit a 13 year high on the London Metal Exchange on October 15th&nbsp;as well.&nbsp; Copper prices surged by12% in the last week to the highest price since May 12th with a 74 year low in inventories.&nbsp; Demand for primary metals has soared due to power generation demand and the shift to green power infrastructure systems. If passed, the $1T Bipartisan Infrastructure Bill agreed upon in Congress will likely keep commodities prices high for a couple of years.</p><p><blockquote>关键大宗商品创纪录的价格继续推动制成品价格走高。油价10月15日收于每桶85美元，创三年新高。铝价最近一年上涨了40%。10月15日，伦敦金属交易所的金属价格也创下了13年来的新高。铜价上周飙升12%，至5月12日以来的最高价格，库存为74年来的最低水平。由于发电需求和向绿色电力基础设施系统的转变，对初级金属的需求飙升。如果获得通过，国会达成的1T美元两党基础设施法案可能会使大宗商品价格在几年内保持高位。</blockquote></p><p> <b>China Boosting Demand</b></p><p><blockquote><b>中国提振需求</b></blockquote></p><p></p><p> Plus, China continues to make considerable investments in manufacturing and power generation projects keeping global demand high for commodities.&nbsp; Container shipping of commodities adds to their price.&nbsp; Container shipping rates from Shanghai to Los Angeles have increased by ten times in the last year. Computer chip shortages continue with the highest delays on record in chip shipments for September and auto manufacturers have reduced production on some models by 10 – 20% reducing car inventories at dealers and supporting high new and used car prices.&nbsp; Mitigating the surge in inflation would be declining consumer sentiment and buying, plus a possible slowdown in the global economy.&nbsp; Yet, wages may continue to climb, causing businesses to respond with price increases.</p><p><blockquote>此外，中国继续在制造业和发电项目上进行大量投资，保持了全球对大宗商品的高需求。大宗商品的集装箱运输推高了大宗商品的价格。去年，从上海到洛杉矶的集装箱运费上涨了10倍。计算机芯片短缺仍在继续，9月份芯片出货出现创纪录的最高延迟，汽车制造商将一些车型的产量减少了10-20%，减少了经销商的汽车库存，支撑了新车和二手车的高价格。缓解通胀飙升的将是消费者信心和购买能力下降，加上全球经济可能放缓。然而，工资可能会继续攀升，导致企业以涨价作为回应。</blockquote></p><p> <b>Increased Wages Drive Demand Inflation</b></p><p><blockquote><b>工资上涨推动需求通胀</b></blockquote></p><p> Increases in wages will possibly sustain demand.&nbsp;&nbsp; Weekly earnings have soared to almost 10%.&nbsp; This chart shows weekly earnings back to 1983, the last time earnings increased at this high level.</p><p><blockquote>工资上涨可能会维持需求。周收入飙升至近10%。这张图表显示了1983年以来的每周收入，这是上一次收入以如此高的水平增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/506983ffb8ae5539d73c2b38704eaaac\" tg-width=\"504\" tg-height=\"281\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Bloomberg – 10/12/21</p><p><blockquote>资料来源：彭博社–10/12/21</blockquote></p><p> Worker earnings increases continue to be driven by a labor shortage. There are 4.3M jobs left to fill since the labor force participation rate high of February 2020. Critical factors in many jobs not being filled include: 3.6M retirees not returning to the labor force, lower-wage hospitality workers into higher-paying warehouse and delivery jobs, and 2.5M workers staying at home to care for Covid-19 relatives.&nbsp; The Wall Street Journal reports on October 14th&nbsp;the labor participation rate is at 61.6% versus 63.3% in February 2020. As a result, the labor force participation rate continues to be below pre-pandemic levels.</p><p><blockquote>劳动力短缺继续推动工人收入增长。自2020年2月劳动力参与率达到高点以来，仍有430万个工作岗位需要填补。许多工作岗位没有被填补的关键因素包括：360万退休人员没有重返劳动力市场，工资较低的酒店工人进入工资较高的仓库和送货工作，以及250万工人呆在家里照顾新冠肺炎的亲戚。《华尔街日报》10月14日报道称，劳动参与率为61.6%，而2020年2月为63.3%。因此，劳动力参与率继续低于大流行前的水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f16eafc3d71caf12aa588f86a34aa92d\" tg-width=\"1024\" tg-height=\"741\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: Labor Department, The Wall Street Journal – 10/14/21</p><p><blockquote>资料来源：劳工部、华尔街日报-10/14/21</blockquote></p><p> <b>Labor Shortages Aren’t Helping</b></p><p><blockquote><b>劳动力短缺无济于事</b></blockquote></p><p> The National Federation of Independent Businesses recently reported that their&nbsp;<i>Hard Jobs to Fill i</i>ndicator shows that wages are likely to continue to soar. The following chart shows how the labor shortage is fueling a rise in wages.</p><p><blockquote>全国独立企业联合会最近报告说，他们的<i>难以填补的工作</i>指标显示工资可能会继续飙升。下图显示了劳动力短缺是如何推动工资上涨的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f1dc82681ef42b51af8dc4814cb5c16c\" tg-width=\"376\" tg-height=\"393\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: NFIB, The Daily Shot 10/12/21</p><p><blockquote>资料来源：NFIB，The Daily Shot 10/12/21</blockquote></p><p> In many industries, the labor shortage is forcing employers to hire key employees away from competitors.&nbsp; Accordingly, employers report in tight markets such as software programming offering 20% hire-on bonuses.&nbsp;&nbsp; The restaurant industry’s average wage now stands above $15 per hour to attract workers in this 400% yearly worker churn sector.&nbsp; Further, recruiters report that some workers seeing a tight labor market are evaluating work-life balance choices.&nbsp; Also, drop-out workers in some cases are taking vacations, pursuing hobbies, or just taking a break.&nbsp; Remote work-from-home options will continue to create tighter labor conditions for the foreseeable future.&nbsp; A September Wall Street Journal survey of 52 economists showed that 42% expect the economy to not recover to pre-pandemic workforce levels for years to come.</p><p><blockquote>在许多行业，劳动力短缺迫使雇主从竞争对手那里雇佣关键员工。因此，雇主报告说，在软件编程等紧张的市场中，提供20%的雇佣奖金。餐饮业的平均工资现在超过每小时15美元，以吸引这个每年400%员工流失的行业的工人。此外，招聘人员报告说，一些看到劳动力市场紧张的工人正在评估工作与生活的平衡选择。此外，在某些情况下，辍学的工人正在休假，追求爱好，或者只是休息一下。在可预见的未来，远程在家工作的选择将继续造成更紧张的劳动条件。《华尔街日报》9月份对52名经济学家的调查显示，42%的人预计未来几年经济不会恢复到疫情之前的劳动力水平。</blockquote></p><p> Next, let’s look at how weaknesses in the market can provide clues on a gathering volatility storm.</p><p><blockquote>接下来，让我们看看市场的弱点如何为正在聚集的波动风暴提供线索。</blockquote></p><p> <b>Monthly, Weekly Time Frames Show Bearish Market Direction</b></p><p><blockquote><b>月度、每周时间框架显示看跌市场方向</b></blockquote></p><p> Brett Freeze, principal at&nbsp;Global Technical Analysis&nbsp;(GTA), uses a unique set of time frames matched with trend models to identify support and resistance levels. Markets behave in different ways based on different time periods and participants. For example, institutional investors tend to make long-term investments quarterly. GTA analysis reports on quarterly, monthly, weekly, and daily trends. The following chart shows ES futures contract prices are below Monthly and Weekly Trends. The model notes a one period or two-period move as below trend.&nbsp; When ES future prices make three consecutive period moves, a trend is indicated for that timeframe.</p><p><blockquote>全球技术分析(GTA)负责人Brett Freeze使用一组与趋势模型相匹配的独特时间框架来识别支撑位和阻力位。基于不同的时间段和参与者，市场以不同的方式表现。例如，机构投资者倾向于按季度进行长期投资。GTA分析报告季度、月度、每周和每日趋势。下图显示ES期货合约价格低于月度和周度趋势。该模型将一个周期或两个周期的波动记录为趋势下方。当ES期货价格连续三个周期波动时，就会显示出该时间段的趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e9ba427422a47c1b726adaf06be1ee40\" tg-width=\"284\" tg-height=\"353\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Brett Freeze, Global Technical Analysis – 10/15/21</p><p><blockquote>资料来源：Brett Freeze，全球技术分析–10/15/21</blockquote></p><p> Note: PQH = Previous Quarter High, PQL = Previous Quarter Low, PMH = Previous Month High, PML = Previous Month Low, PWH = Previous Weekly High, PML = Previous Weekly Low, PDH = Previous Daily High, PDL = Previous Daily Low</p><p><blockquote>注：PQH=上季度高点，PQL=上季度低点，PMH=上个月高点，PML=上个月低点，PWH=上个周高点，PML=上个周低点，PDH=上个日高点，PDL=上个日低点</blockquote></p><p> <b>Realized Volatility Is Relatively Low, Yet Implied Volatility Is Rising</b></p><p><blockquote><b>已实现波动率相对较低，但隐含波动率正在上升</b></blockquote></p><p></p><p> Realized volatility is the change in price between the daily closes of a stock, ETF, or financial instrument.&nbsp; The following chart from Lance Roberts and CNBC shows how price changes in the S&amp;P 500 have been above average but are still within a 2% daily range since the March 2020 SPX lows.</p><p><blockquote>已实现波动性是股票、ETF或金融工具每日收盘之间的价格变化。Lance Roberts和美国消费者新闻与商业频道的下图显示了自2020年3月SPX低点以来，标普500的价格变化一直高于平均水平，但仍在2%的每日范围内。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ace2a9235ff5f0e88cd9eebaeee2f0d4\" tg-width=\"340\" tg-height=\"202\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Real Investment Advice – 10/6/21</p><p><blockquote>资料来源：Real Investment Advice–10/6/21</blockquote></p><p> Realized volatility shows how market participants are actually driving market price swings by direct trading.&nbsp; The limited movement of realized volatility obscures the impact of implied volatility of markets.</p><p><blockquote>已实现波动率显示了市场参与者如何通过直接交易实际推动市场价格波动。已实现波动率的有限变动掩盖了市场隐含波动率的影响。</blockquote></p><p> <b>Implied Volatility</b></p><p><blockquote><b>隐含波动率</b></blockquote></p><p> Implied volatility is the range of prices based on speculation of where a price may be for underlying security or index at a specific date. Overall implied volatility has been climbing the past few years.&nbsp; The Volatility Index (VIX) is an indicator of implied volatility. The Chicago Board Options Exchange developed the VIX as a real-time index representing market expectations for the relative strength of near-term price changes of the S&amp;P 500 index (SPX). It is calculated based on the ratio of puts (an option to sell underlying security) to calls (an option to buy underlying security) for near-term (30 days or less) options contracts.</p><p><blockquote>隐含波动率是基于对特定日期标的证券或指数价格的推测而得出的价格范围。过去几年，整体隐含波动率一直在攀升。波动率指数（VIX）是隐含波动率的指标。芝加哥期权交易所开发了VIX作为一个实时指数，代表市场对标普500指数（SPX）近期价格变化相对强度的预期。它是根据近期（30天或更短时间）期权合约的看跌期权（出售标的证券的期权）与评级（购买标的证券的期权）的比率计算的。</blockquote></p><p> <b>VIX – Bullish or Bearish?</b></p><p><blockquote><b>VIX–看涨还是看跌？</b></blockquote></p><p> The lower the VIX index and the more calls to puts is considered bullish.&nbsp; Conversely, the more puts to calls driving and higher VIX is deemed to be bearish.&nbsp; The VIX uses put and call options set at specific strike price levels that traders speculate the SPX maybe, not the actual SPX index value. The VIX is one gauge of market sentiment on the direction of prices for the SPX.&nbsp; Over the past several years, the baseline VIX has been climbing as the SPX has rallied. &nbsp;Higher lows indicate growing anxiety about high valuations.&nbsp; The following monthly chart shows the VIX levels since 2014 with higher lows (red arrow) as it spikes at market lows like March 2020.</p><p><blockquote>VIX指数越低，看跌期权的评级越多，被认为是看涨的。相反，评级驱动的看跌期权越多，VIX越高，被认为是看跌的。VIX使用看跌期权和看涨期权期权，这些期权设置在交易者推测SPX的特定执行价格水平，而不是实际的SPX指数值。VIX是衡量SPX价格方向的市场情绪的一个指标。在过去的几年里，随着SPX的上涨，基准VIX一直在攀升。更高的低点表明对高估值的焦虑越来越大。下面的月度图表显示了自2014年以来的VIX水平，随着它在2020年3月等市场低点飙升，低点更高（红色箭头）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98c0f760446a7141e4d4657f24c5fa84\" tg-width=\"1024\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Patrick Hill – 10/16/21</p><p><blockquote>资料来源：帕特里克·希尔–10/16/21</blockquote></p><p> The VIX reached a low of 9.51 in 2017 and today stands at 16.30 on October 15th as a rally continues<i>. &nbsp;The VIX reached a high of 53.54 at the SPX March 2020 decline. It would seem with higher lows that a higher spike is possible. Daily options market volume as of September is higher than the volume of underlying stocks. This means that</i><i><u>speculation on where the SPX level will be</u></i><i>&nbsp;is overtaking market flows.</i></p><p><blockquote>VIX在2017年触及9.51的低点，随着反弹的继续，今天于10月15日触及16.30<i>VIX在SPX 2020年3月下跌时达到53.54的高点。似乎低点越高，峰值就越高。截至9月份，每日期权市场成交量高于标的股票成交量。这意味着</i><i><u>对SPX水平的猜测</u></i><i>正在超越市场流量。</i></blockquote></p><p> <b>Options Levels Point to A Volatility Storm Zone – Below 4400</b></p><p><blockquote><b>期权水平指向波动风暴区——低于4400点</b></blockquote></p><p> Options analysts note last week’s bounce in S&amp;P 500 Index is likely due to traders selling put options at monthly expiration, which crushed implied volatility.&nbsp; The VIX indicator fell to 16.80 from 20. Dealers began setting up ‘short volatility positions and buying calls supporting the rise in market prices. SPX levels of open interest in puts and calls identify where there may be support or resistance to prices.</p><p><blockquote>期权分析师指出，上周标普500指数的反弹可能是由于交易员在每月到期时出售看跌期权，这压低了隐含波动率。VIX指标从20跌至16.80。交易商开始建立波动性空头头寸，买入支撑市场价格上涨的评级。SPX看跌期权和评级的未平仓合约水平确定了价格可能存在支撑或阻力的位置。</blockquote></p><p> The following chart shows a gamma pivot point at 4400.&nbsp; Gamma is the rate of change of the delta or sensitivity of the option price to a $1 change in the underlying stock price.&nbsp; It measures the rate at which dealers must adjust their hedged positions. Positive gamma is above 4400, where there are more calls than puts and traders are net-long options.&nbsp; As a stock price goes up, the dealer sells the stock and buys it as it goes down.&nbsp; Dealers dampen price changes in a positive gamma environment.</p><p><blockquote>下图显示了4400的伽马支点。伽马是delta的变化率或期权价格对标的股票价格1美元变化的敏感度。它衡量交易商必须调整其对冲头寸的速度。正伽马高于4400，这里的评级多于看跌期权，交易者是净多头期权。当股价上涨时，交易商卖出股票，当股价下跌时买入。交易商在正伽马环境中抑制价格变化。</blockquote></p><p> Conversely, when a dealer is net short options, they must hedge by selling the stock as it goes down and buying the stock as price rises triggering increased volatility.&nbsp; Today, 4400 is the pivot point between positive and negative gamma. Below 4300, we added a Volatility Zone where a volatility storm may build. The chart shows total open interest with puts below the zero line and calls above, with current expiration darkly shaded.</p><p><blockquote>相反，当交易者是净空头期权时，他们必须通过在股票下跌时卖出股票，在价格上涨引发波动性增加时买入股票来对冲。今天，4400是正负伽马之间的支点。在4300点以下，我们增加了一个波动区，在那里可能会形成波动风暴。图表显示了未平仓合约总数，看跌期权低于零线，评级高于零线，当前到期日为深色阴影。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/be725e07c06556189d424b4731d9f66c\" tg-width=\"731\" tg-height=\"481\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: SpotGamma.com and Patrick Hill – 10/15/21</p><p><blockquote>资料来源：SpotGamma.com和Patrick Hill–10/15/21</blockquote></p><p> <b>Watch out Below 4400</b></p><p><blockquote><b>4400以下留意</b></blockquote></p><p> Brent Kochuba, a co-founder of SpotGamma, notes likely increased volatility below 4400<i>,</i></p><p><blockquote>SpotGamma联合创始人Brent Kochuba指出，低于4400点波动性可能会增加<i>,</i></blockquote></p><p>   <i>”&nbsp;We currently see fairly light put positions below 4400.&nbsp;This implies that traders may need to purchase put options on a break of 4400, which could in turn force options dealers to short futures. This could lead to dealers shorting into a down market,&nbsp;which increases volatility.”</i>  We have located where the volatility storm may develop. But, what factors might trigger a storm?</p><p><blockquote><i>“我们目前看到低于4400点的看跌头寸相当清淡。这意味着交易者可能需要在突破4400点时买入看跌期权，这反过来可能迫使期权交易商做空期货。这可能会导致交易商在下跌的市场中做空，从而增加波动性。”</i>我们已经找到了波动风暴可能发展的地方。但是，什么因素可能会引发风暴呢？</blockquote></p><p> <b>Factors Triggering a Volatility Storm</b></p><p><blockquote><b>引发波动风暴的因素</b></blockquote></p><p></p><p> The critical triggering events will be Federal Reserve tapering and interest rate increases planned for 2022.&nbsp; The financial markets depend on high levels of liquidity, so any reduction in liquidity could act as a catalyst for a volatility storm.&nbsp; Other factors that may magnify a liquidity crunch include:</p><p><blockquote>关键的触发事件将是美联储缩减规模和计划于2022年加息。金融市场依赖于高水平的流动性，因此流动性的任何减少都可能成为波动风暴的催化剂。其他可能放大流动性紧缩的因素包括：</blockquote></p><p> <ol>  <li>The debt ceiling not being raised in December</p><p><blockquote><ol><li>12月债务上限不会提高</li></ol></blockquote></p><p></li>  <li>Options hedgers overreach and can’t cover margin positions, triggering forced selling</p><p><blockquote><li>期权套期保值者过度扩张，无法弥补保证金头寸，引发强制抛售</li></blockquote></p><p></li>  <li>Inflation roaring further ahead beyond the Fed’s ability to control it, so the market loses confidence in the Fed</p><p><blockquote><li>通胀进一步飙升，超出了美联储的控制能力，因此市场对美联储失去了信心</li></blockquote></p><p></li>  <li>The Fed raises interest rates higher and faster than the market expects</p><p><blockquote><li>美联储加息幅度比市场预期更高、更快</li></blockquote></p><p></li>  <li>Consumers quit spending, causing retail sales to drop, corporations sales fall, and stock buybacks end that were sustaining high market valuations</p><p><blockquote><li>消费者停止消费，导致零售额下降，企业销售额下降，维持高市场估值的股票回购结束</li></blockquote></p><p></li>  <li>The economy goes into a recession as GDP drops, employment falls, and corporate valuations fall</p><p><blockquote><li>随着GDP下降、就业下降和企业估值下降，经济陷入衰退</li></blockquote></p><p></li>  <li>Any black swan event like the pandemic</p><p><blockquote><li>任何像大流行这样的黑天鹅事件</li></blockquote></p><p></li> </ol> Any volatility storm as markets decline is likely to force analysts to shift from valuing stocks based on market speculation to actual GAAP earnings (not stock buyback inflated EPS), fundamentals, and related unused valuation tools.&nbsp; The TINA – ‘there is no alternative’ trading phenomenon would be over.&nbsp;&nbsp;<i>Investors will need to be mindful of the extreme volatility posed by a volatility storm. Accordingly, wild rallies and steep falls will require portfolio managers to sharpen their hedging and volatility strategies to maintain portfolio value</i>.</p><p><blockquote>随着市场下跌，任何波动性风暴都可能迫使分析师从基于市场投机的股票估值转向实际GAAP收益（而不是股票回购膨胀的每股收益）、基本面和相关未使用的估值工具。TINA——“别无选择”的交易现象将会结束。<i>投资者需要注意波动风暴带来的极端波动。因此，疯狂的上涨和急剧的下跌将要求投资组合经理加强他们的对冲和波动策略，以维持投资组合的价值</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>Is A Volatility Storm Coming?<blockquote>波动风暴要来了？</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\">\nIs A Volatility Storm Coming?<blockquote>波动风暴要来了？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-10-21 20:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  “  <i>Volatility often refers to the amount of uncertainty or risk related to the&nbsp;size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction.”</i>– Investopedia  <b>Federal Reserve Bond Tapering &amp; Interest Rate Hikes Reduce Liquidity</b></p><p><blockquote>“<i>波动性通常是指与证券价值变化大小相关的不确定性或风险的大小。较高的波动性意味着证券的价值可能会分散到更大的价值范围内。这意味着证券的价格可能会在短时间内朝任一方向发生巨大变化。”</i>-投资百科<b>美联储债券缩减和加息减少流动性</b></blockquote></p><p> Federal Reserve liquidity injections have bailed out the economy and equity markets for the last 18 months. And as a result, the bailout created a relatively low volatility environment for equity and bond markets.&nbsp; Will the announced withdrawal of Fed injections of $120B per month set up the monetary system for higher volatility? &nbsp;We see major economic forces combining in the intermediate future to create a possible ‘volatility storm’ driving valuations down.&nbsp;These economic forces include:</p><p><blockquote>过去18个月，美联储的流动性注入为经济和股市提供了救助。结果，救助为股票和债券市场创造了一个波动性相对较低的环境。美联储宣布撤回每月1200亿美元的注资是否会让货币体系面临更高的波动性？我们看到主要经济力量将在中期结合起来，可能会造成一场“波动风暴”，导致估值下降。这些经济力量包括：</blockquote></p><p> <ul>  <li><i>Fed tapering</i></li>  <li><i>Interest rate hikes</i></li>  <li><i>Inflation</i></li>  <li><i>Labor wage increases</i>.</li> </ul> One of these macro factors is a challenge for monetary policymakers to mitigate damage to the financial system.&nbsp; But, a combination of these factors already building may overwhelm the monetary system. Further, markets are at historic high valuations today. But, market weaknesses and structure, along with valuations may create optimal conditions for a volatility storm.</p><p><blockquote><ul><li><i>美联储缩减规模</i></li><li><i>加息</i></li><li><i>通货膨胀</i></li><li><i>劳动力工资上涨</i>.</li></ul>这些宏观因素之一是货币政策制定者减轻对金融体系损害的挑战。但是，这些因素的结合可能会压垮货币体系。此外，目前市场估值处于历史高位。但是，市场弱点和结构以及估值可能会为波动风暴创造最佳条件。</blockquote></p><p> <b>Taper Is Coming</b></p><p><blockquote><b>Taper来了</b></blockquote></p><p> In September, the minutes of the September Federal Open Market Committee meeting noted that most participants agreed that tapering of treasury and mortgage bond purchases should begin in December, but analysts expect a formal announcement at the November Fed meeting.&nbsp; Accordingly, here is a forecast of how the projected tapering may occur into mid – June 2022.</p><p><blockquote>9月，联邦公开市场委员会9月会议纪要指出，大多数与会者同意应在12月开始缩减美国国债和抵押贷款债券购买，但分析师预计将在11月美联储会议上正式宣布。因此，这里对预计的缩减可能如何进行到2022年6月中旬的预测。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b46d7d94707e6fedad83d772a24c0293\" tg-width=\"478\" tg-height=\"294\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: Zero Hedge, Real Investment Advice – 10/15/21</p><p><blockquote>资料来源：零对冲，真实投资建议-10/15/21</blockquote></p><p> The financial markets enjoyed about $2.16T in liquidity injections resulting in a low volatility monetary environment for the S&amp;P 500 to bull market from a March 2020 low of 2191 to 4471. The impact of tapering is both real and psychological.&nbsp; However, some analysts argue that the real reduction in bond purchases will have a minimal effect on bond markets.&nbsp; Others note that while the actual withdrawal of treasury bond purchases in the $21.9T treasury market is small, the psychological aspects of tapering are significant.&nbsp; Investors will feel the Federal Reserve is not ‘covering their downside risk’ anymore.</p><p><blockquote>金融市场获得了约2.16 T美元的流动性注入，为标普500从2020年3月低点2191点至4471点的牛市带来了低波动性的货币环境。缩减购债规模的影响既是真实的，也是心理上的。然而，一些分析师认为，真正缩减购债规模对债券市场的影响微乎其微。另一些分析师指出，虽然21.9美元国债市场实际撤出的国债购买规模很小，但缩减购债规模的心理影响很大。投资者会觉得美联储不再“掩盖他们的下行风险”。</blockquote></p><p> Some economists see an increase in volatility due to the end of bond purchases and increasing interest rates. &nbsp;On Fox&nbsp;News, October 17th, Mohammed El-Erian, Chief Economic Advisor at Allianz SE, said he sees increased volatility in the future.</p><p><blockquote>一些经济学家认为，由于债券购买结束和利率上升，波动性将会增加。在福克斯新闻频道，10月17日，安联首席经济顾问Mohammed El-Erian说，他认为未来的波动性会增加。</blockquote></p><p>   <i>“I worry…that this wonderful world we’ve been living in of low volatility, everything going up, may come to a stop with higher volatility. If I were an investor, I would recognize that I’m riding a huge liquidity wave thanks to the Fed, but I would remember that waves tend to break at some point, so I would be very attentive</i>.”  <b>Inflation Surges to Decade Highs</b></p><p><blockquote><i>“我担心……我们生活在这个低波动性、一切都在上涨的美好世界，可能会随着更高的波动性而停止。如果我是一名投资者，我会认识到我正在乘着巨大的流动性浪潮感谢美联储，但我会记住波浪往往会在某个时候破裂，所以我会非常关注</i>.”<b>通胀飙升至十年高点</b></blockquote></p><p> The Consumer Price Index, CPI has moved above 5% on a year-over-year basis and it continues to rise.&nbsp; Housing rent prices are up by 17.9%, according to the Case – Shiller housing September index.&nbsp; Rent increases lead owner equivalent rent housing costs by five months based on a model by Macrobond and Nordea. This means that the 14% jump in existing home prices YoY is likely to extend into next year. &nbsp;&nbsp;Below is a chart of the CPI since 2017 and major components such as housing and gasoline.</p><p><blockquote>消费者价格指数CPI同比涨幅超过5%，并且还在继续上涨。根据Case-Shiller住房9月份指数，住房租金价格上涨了17.9%。根据Macrobond和Nordea的模型，租金使主要业主的当量租金住房成本增加了五个月。这意味着现房价格同比上涨14%可能会延续到明年。下面是2017年以来CPI以及住房和汽油等主要组成部分的图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/42bb01bf2a1f52ca5608cb7d58333091\" tg-width=\"624\" tg-height=\"300\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: Bloomberg, Bureau of Labor Statistics – 10/13/21</p><p><blockquote>资料来源：彭博社，劳工统计局-10/13/21</blockquote></p><p> The record prices of key commodities continue to drive the price of manufactured goods higher. Oil prices settled at $85 per barrel, a three-year high on October 15th.&nbsp; Aluminum prices have increased by 40% in the last year. &nbsp;The metal price hit a 13 year high on the London Metal Exchange on October 15th&nbsp;as well.&nbsp; Copper prices surged by12% in the last week to the highest price since May 12th with a 74 year low in inventories.&nbsp; Demand for primary metals has soared due to power generation demand and the shift to green power infrastructure systems. If passed, the $1T Bipartisan Infrastructure Bill agreed upon in Congress will likely keep commodities prices high for a couple of years.</p><p><blockquote>关键大宗商品创纪录的价格继续推动制成品价格走高。油价10月15日收于每桶85美元，创三年新高。铝价最近一年上涨了40%。10月15日，伦敦金属交易所的金属价格也创下了13年来的新高。铜价上周飙升12%，至5月12日以来的最高价格，库存为74年来的最低水平。由于发电需求和向绿色电力基础设施系统的转变，对初级金属的需求飙升。如果获得通过，国会达成的1T美元两党基础设施法案可能会使大宗商品价格在几年内保持高位。</blockquote></p><p> <b>China Boosting Demand</b></p><p><blockquote><b>中国提振需求</b></blockquote></p><p></p><p> Plus, China continues to make considerable investments in manufacturing and power generation projects keeping global demand high for commodities.&nbsp; Container shipping of commodities adds to their price.&nbsp; Container shipping rates from Shanghai to Los Angeles have increased by ten times in the last year. Computer chip shortages continue with the highest delays on record in chip shipments for September and auto manufacturers have reduced production on some models by 10 – 20% reducing car inventories at dealers and supporting high new and used car prices.&nbsp; Mitigating the surge in inflation would be declining consumer sentiment and buying, plus a possible slowdown in the global economy.&nbsp; Yet, wages may continue to climb, causing businesses to respond with price increases.</p><p><blockquote>此外，中国继续在制造业和发电项目上进行大量投资，保持了全球对大宗商品的高需求。大宗商品的集装箱运输推高了大宗商品的价格。去年，从上海到洛杉矶的集装箱运费上涨了10倍。计算机芯片短缺仍在继续，9月份芯片出货出现创纪录的最高延迟，汽车制造商将一些车型的产量减少了10-20%，减少了经销商的汽车库存，支撑了新车和二手车的高价格。缓解通胀飙升的将是消费者信心和购买能力下降，加上全球经济可能放缓。然而，工资可能会继续攀升，导致企业以涨价作为回应。</blockquote></p><p> <b>Increased Wages Drive Demand Inflation</b></p><p><blockquote><b>工资上涨推动需求通胀</b></blockquote></p><p> Increases in wages will possibly sustain demand.&nbsp;&nbsp; Weekly earnings have soared to almost 10%.&nbsp; This chart shows weekly earnings back to 1983, the last time earnings increased at this high level.</p><p><blockquote>工资上涨可能会维持需求。周收入飙升至近10%。这张图表显示了1983年以来的每周收入，这是上一次收入以如此高的水平增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/506983ffb8ae5539d73c2b38704eaaac\" tg-width=\"504\" tg-height=\"281\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Bloomberg – 10/12/21</p><p><blockquote>资料来源：彭博社–10/12/21</blockquote></p><p> Worker earnings increases continue to be driven by a labor shortage. There are 4.3M jobs left to fill since the labor force participation rate high of February 2020. Critical factors in many jobs not being filled include: 3.6M retirees not returning to the labor force, lower-wage hospitality workers into higher-paying warehouse and delivery jobs, and 2.5M workers staying at home to care for Covid-19 relatives.&nbsp; The Wall Street Journal reports on October 14th&nbsp;the labor participation rate is at 61.6% versus 63.3% in February 2020. As a result, the labor force participation rate continues to be below pre-pandemic levels.</p><p><blockquote>劳动力短缺继续推动工人收入增长。自2020年2月劳动力参与率达到高点以来，仍有430万个工作岗位需要填补。许多工作岗位没有被填补的关键因素包括：360万退休人员没有重返劳动力市场，工资较低的酒店工人进入工资较高的仓库和送货工作，以及250万工人呆在家里照顾新冠肺炎的亲戚。《华尔街日报》10月14日报道称，劳动参与率为61.6%，而2020年2月为63.3%。因此，劳动力参与率继续低于大流行前的水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f16eafc3d71caf12aa588f86a34aa92d\" tg-width=\"1024\" tg-height=\"741\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: Labor Department, The Wall Street Journal – 10/14/21</p><p><blockquote>资料来源：劳工部、华尔街日报-10/14/21</blockquote></p><p> <b>Labor Shortages Aren’t Helping</b></p><p><blockquote><b>劳动力短缺无济于事</b></blockquote></p><p> The National Federation of Independent Businesses recently reported that their&nbsp;<i>Hard Jobs to Fill i</i>ndicator shows that wages are likely to continue to soar. The following chart shows how the labor shortage is fueling a rise in wages.</p><p><blockquote>全国独立企业联合会最近报告说，他们的<i>难以填补的工作</i>指标显示工资可能会继续飙升。下图显示了劳动力短缺是如何推动工资上涨的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f1dc82681ef42b51af8dc4814cb5c16c\" tg-width=\"376\" tg-height=\"393\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: NFIB, The Daily Shot 10/12/21</p><p><blockquote>资料来源：NFIB，The Daily Shot 10/12/21</blockquote></p><p> In many industries, the labor shortage is forcing employers to hire key employees away from competitors.&nbsp; Accordingly, employers report in tight markets such as software programming offering 20% hire-on bonuses.&nbsp;&nbsp; The restaurant industry’s average wage now stands above $15 per hour to attract workers in this 400% yearly worker churn sector.&nbsp; Further, recruiters report that some workers seeing a tight labor market are evaluating work-life balance choices.&nbsp; Also, drop-out workers in some cases are taking vacations, pursuing hobbies, or just taking a break.&nbsp; Remote work-from-home options will continue to create tighter labor conditions for the foreseeable future.&nbsp; A September Wall Street Journal survey of 52 economists showed that 42% expect the economy to not recover to pre-pandemic workforce levels for years to come.</p><p><blockquote>在许多行业，劳动力短缺迫使雇主从竞争对手那里雇佣关键员工。因此，雇主报告说，在软件编程等紧张的市场中，提供20%的雇佣奖金。餐饮业的平均工资现在超过每小时15美元，以吸引这个每年400%员工流失的行业的工人。此外，招聘人员报告说，一些看到劳动力市场紧张的工人正在评估工作与生活的平衡选择。此外，在某些情况下，辍学的工人正在休假，追求爱好，或者只是休息一下。在可预见的未来，远程在家工作的选择将继续造成更紧张的劳动条件。《华尔街日报》9月份对52名经济学家的调查显示，42%的人预计未来几年经济不会恢复到疫情之前的劳动力水平。</blockquote></p><p> Next, let’s look at how weaknesses in the market can provide clues on a gathering volatility storm.</p><p><blockquote>接下来，让我们看看市场的弱点如何为正在聚集的波动风暴提供线索。</blockquote></p><p> <b>Monthly, Weekly Time Frames Show Bearish Market Direction</b></p><p><blockquote><b>月度、每周时间框架显示看跌市场方向</b></blockquote></p><p> Brett Freeze, principal at&nbsp;Global Technical Analysis&nbsp;(GTA), uses a unique set of time frames matched with trend models to identify support and resistance levels. Markets behave in different ways based on different time periods and participants. For example, institutional investors tend to make long-term investments quarterly. GTA analysis reports on quarterly, monthly, weekly, and daily trends. The following chart shows ES futures contract prices are below Monthly and Weekly Trends. The model notes a one period or two-period move as below trend.&nbsp; When ES future prices make three consecutive period moves, a trend is indicated for that timeframe.</p><p><blockquote>全球技术分析(GTA)负责人Brett Freeze使用一组与趋势模型相匹配的独特时间框架来识别支撑位和阻力位。基于不同的时间段和参与者，市场以不同的方式表现。例如，机构投资者倾向于按季度进行长期投资。GTA分析报告季度、月度、每周和每日趋势。下图显示ES期货合约价格低于月度和周度趋势。该模型将一个周期或两个周期的波动记录为趋势下方。当ES期货价格连续三个周期波动时，就会显示出该时间段的趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e9ba427422a47c1b726adaf06be1ee40\" tg-width=\"284\" tg-height=\"353\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Brett Freeze, Global Technical Analysis – 10/15/21</p><p><blockquote>资料来源：Brett Freeze，全球技术分析–10/15/21</blockquote></p><p> Note: PQH = Previous Quarter High, PQL = Previous Quarter Low, PMH = Previous Month High, PML = Previous Month Low, PWH = Previous Weekly High, PML = Previous Weekly Low, PDH = Previous Daily High, PDL = Previous Daily Low</p><p><blockquote>注：PQH=上季度高点，PQL=上季度低点，PMH=上个月高点，PML=上个月低点，PWH=上个周高点，PML=上个周低点，PDH=上个日高点，PDL=上个日低点</blockquote></p><p> <b>Realized Volatility Is Relatively Low, Yet Implied Volatility Is Rising</b></p><p><blockquote><b>已实现波动率相对较低，但隐含波动率正在上升</b></blockquote></p><p></p><p> Realized volatility is the change in price between the daily closes of a stock, ETF, or financial instrument.&nbsp; The following chart from Lance Roberts and CNBC shows how price changes in the S&amp;P 500 have been above average but are still within a 2% daily range since the March 2020 SPX lows.</p><p><blockquote>已实现波动性是股票、ETF或金融工具每日收盘之间的价格变化。Lance Roberts和美国消费者新闻与商业频道的下图显示了自2020年3月SPX低点以来，标普500的价格变化一直高于平均水平，但仍在2%的每日范围内。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ace2a9235ff5f0e88cd9eebaeee2f0d4\" tg-width=\"340\" tg-height=\"202\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Real Investment Advice – 10/6/21</p><p><blockquote>资料来源：Real Investment Advice–10/6/21</blockquote></p><p> Realized volatility shows how market participants are actually driving market price swings by direct trading.&nbsp; The limited movement of realized volatility obscures the impact of implied volatility of markets.</p><p><blockquote>已实现波动率显示了市场参与者如何通过直接交易实际推动市场价格波动。已实现波动率的有限变动掩盖了市场隐含波动率的影响。</blockquote></p><p> <b>Implied Volatility</b></p><p><blockquote><b>隐含波动率</b></blockquote></p><p> Implied volatility is the range of prices based on speculation of where a price may be for underlying security or index at a specific date. Overall implied volatility has been climbing the past few years.&nbsp; The Volatility Index (VIX) is an indicator of implied volatility. The Chicago Board Options Exchange developed the VIX as a real-time index representing market expectations for the relative strength of near-term price changes of the S&amp;P 500 index (SPX). It is calculated based on the ratio of puts (an option to sell underlying security) to calls (an option to buy underlying security) for near-term (30 days or less) options contracts.</p><p><blockquote>隐含波动率是基于对特定日期标的证券或指数价格的推测而得出的价格范围。过去几年，整体隐含波动率一直在攀升。波动率指数（VIX）是隐含波动率的指标。芝加哥期权交易所开发了VIX作为一个实时指数，代表市场对标普500指数（SPX）近期价格变化相对强度的预期。它是根据近期（30天或更短时间）期权合约的看跌期权（出售标的证券的期权）与评级（购买标的证券的期权）的比率计算的。</blockquote></p><p> <b>VIX – Bullish or Bearish?</b></p><p><blockquote><b>VIX–看涨还是看跌？</b></blockquote></p><p> The lower the VIX index and the more calls to puts is considered bullish.&nbsp; Conversely, the more puts to calls driving and higher VIX is deemed to be bearish.&nbsp; The VIX uses put and call options set at specific strike price levels that traders speculate the SPX maybe, not the actual SPX index value. The VIX is one gauge of market sentiment on the direction of prices for the SPX.&nbsp; Over the past several years, the baseline VIX has been climbing as the SPX has rallied. &nbsp;Higher lows indicate growing anxiety about high valuations.&nbsp; The following monthly chart shows the VIX levels since 2014 with higher lows (red arrow) as it spikes at market lows like March 2020.</p><p><blockquote>VIX指数越低，看跌期权的评级越多，被认为是看涨的。相反，评级驱动的看跌期权越多，VIX越高，被认为是看跌的。VIX使用看跌期权和看涨期权期权，这些期权设置在交易者推测SPX的特定执行价格水平，而不是实际的SPX指数值。VIX是衡量SPX价格方向的市场情绪的一个指标。在过去的几年里，随着SPX的上涨，基准VIX一直在攀升。更高的低点表明对高估值的焦虑越来越大。下面的月度图表显示了自2014年以来的VIX水平，随着它在2020年3月等市场低点飙升，低点更高（红色箭头）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98c0f760446a7141e4d4657f24c5fa84\" tg-width=\"1024\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: Patrick Hill – 10/16/21</p><p><blockquote>资料来源：帕特里克·希尔–10/16/21</blockquote></p><p> The VIX reached a low of 9.51 in 2017 and today stands at 16.30 on October 15th as a rally continues<i>. &nbsp;The VIX reached a high of 53.54 at the SPX March 2020 decline. It would seem with higher lows that a higher spike is possible. Daily options market volume as of September is higher than the volume of underlying stocks. This means that</i><i><u>speculation on where the SPX level will be</u></i><i>&nbsp;is overtaking market flows.</i></p><p><blockquote>VIX在2017年触及9.51的低点，随着反弹的继续，今天于10月15日触及16.30<i>VIX在SPX 2020年3月下跌时达到53.54的高点。似乎低点越高，峰值就越高。截至9月份，每日期权市场成交量高于标的股票成交量。这意味着</i><i><u>对SPX水平的猜测</u></i><i>正在超越市场流量。</i></blockquote></p><p> <b>Options Levels Point to A Volatility Storm Zone – Below 4400</b></p><p><blockquote><b>期权水平指向波动风暴区——低于4400点</b></blockquote></p><p> Options analysts note last week’s bounce in S&amp;P 500 Index is likely due to traders selling put options at monthly expiration, which crushed implied volatility.&nbsp; The VIX indicator fell to 16.80 from 20. Dealers began setting up ‘short volatility positions and buying calls supporting the rise in market prices. SPX levels of open interest in puts and calls identify where there may be support or resistance to prices.</p><p><blockquote>期权分析师指出，上周标普500指数的反弹可能是由于交易员在每月到期时出售看跌期权，这压低了隐含波动率。VIX指标从20跌至16.80。交易商开始建立波动性空头头寸，买入支撑市场价格上涨的评级。SPX看跌期权和评级的未平仓合约水平确定了价格可能存在支撑或阻力的位置。</blockquote></p><p> The following chart shows a gamma pivot point at 4400.&nbsp; Gamma is the rate of change of the delta or sensitivity of the option price to a $1 change in the underlying stock price.&nbsp; It measures the rate at which dealers must adjust their hedged positions. Positive gamma is above 4400, where there are more calls than puts and traders are net-long options.&nbsp; As a stock price goes up, the dealer sells the stock and buys it as it goes down.&nbsp; Dealers dampen price changes in a positive gamma environment.</p><p><blockquote>下图显示了4400的伽马支点。伽马是delta的变化率或期权价格对标的股票价格1美元变化的敏感度。它衡量交易商必须调整其对冲头寸的速度。正伽马高于4400，这里的评级多于看跌期权，交易者是净多头期权。当股价上涨时，交易商卖出股票，当股价下跌时买入。交易商在正伽马环境中抑制价格变化。</blockquote></p><p> Conversely, when a dealer is net short options, they must hedge by selling the stock as it goes down and buying the stock as price rises triggering increased volatility.&nbsp; Today, 4400 is the pivot point between positive and negative gamma. Below 4300, we added a Volatility Zone where a volatility storm may build. The chart shows total open interest with puts below the zero line and calls above, with current expiration darkly shaded.</p><p><blockquote>相反，当交易者是净空头期权时，他们必须通过在股票下跌时卖出股票，在价格上涨引发波动性增加时买入股票来对冲。今天，4400是正负伽马之间的支点。在4300点以下，我们增加了一个波动区，在那里可能会形成波动风暴。图表显示了未平仓合约总数，看跌期权低于零线，评级高于零线，当前到期日为深色阴影。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/be725e07c06556189d424b4731d9f66c\" tg-width=\"731\" tg-height=\"481\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Sources: SpotGamma.com and Patrick Hill – 10/15/21</p><p><blockquote>资料来源：SpotGamma.com和Patrick Hill–10/15/21</blockquote></p><p> <b>Watch out Below 4400</b></p><p><blockquote><b>4400以下留意</b></blockquote></p><p> Brent Kochuba, a co-founder of SpotGamma, notes likely increased volatility below 4400<i>,</i></p><p><blockquote>SpotGamma联合创始人Brent Kochuba指出，低于4400点波动性可能会增加<i>,</i></blockquote></p><p>   <i>”&nbsp;We currently see fairly light put positions below 4400.&nbsp;This implies that traders may need to purchase put options on a break of 4400, which could in turn force options dealers to short futures. This could lead to dealers shorting into a down market,&nbsp;which increases volatility.”</i>  We have located where the volatility storm may develop. But, what factors might trigger a storm?</p><p><blockquote><i>“我们目前看到低于4400点的看跌头寸相当清淡。这意味着交易者可能需要在突破4400点时买入看跌期权，这反过来可能迫使期权交易商做空期货。这可能会导致交易商在下跌的市场中做空，从而增加波动性。”</i>我们已经找到了波动风暴可能发展的地方。但是，什么因素可能会引发风暴呢？</blockquote></p><p> <b>Factors Triggering a Volatility Storm</b></p><p><blockquote><b>引发波动风暴的因素</b></blockquote></p><p></p><p> The critical triggering events will be Federal Reserve tapering and interest rate increases planned for 2022.&nbsp; The financial markets depend on high levels of liquidity, so any reduction in liquidity could act as a catalyst for a volatility storm.&nbsp; Other factors that may magnify a liquidity crunch include:</p><p><blockquote>关键的触发事件将是美联储缩减规模和计划于2022年加息。金融市场依赖于高水平的流动性，因此流动性的任何减少都可能成为波动风暴的催化剂。其他可能放大流动性紧缩的因素包括：</blockquote></p><p> <ol>  <li>The debt ceiling not being raised in December</p><p><blockquote><ol><li>12月债务上限不会提高</li></ol></blockquote></p><p></li>  <li>Options hedgers overreach and can’t cover margin positions, triggering forced selling</p><p><blockquote><li>期权套期保值者过度扩张，无法弥补保证金头寸，引发强制抛售</li></blockquote></p><p></li>  <li>Inflation roaring further ahead beyond the Fed’s ability to control it, so the market loses confidence in the Fed</p><p><blockquote><li>通胀进一步飙升，超出了美联储的控制能力，因此市场对美联储失去了信心</li></blockquote></p><p></li>  <li>The Fed raises interest rates higher and faster than the market expects</p><p><blockquote><li>美联储加息幅度比市场预期更高、更快</li></blockquote></p><p></li>  <li>Consumers quit spending, causing retail sales to drop, corporations sales fall, and stock buybacks end that were sustaining high market valuations</p><p><blockquote><li>消费者停止消费，导致零售额下降，企业销售额下降，维持高市场估值的股票回购结束</li></blockquote></p><p></li>  <li>The economy goes into a recession as GDP drops, employment falls, and corporate valuations fall</p><p><blockquote><li>随着GDP下降、就业下降和企业估值下降，经济陷入衰退</li></blockquote></p><p></li>  <li>Any black swan event like the pandemic</p><p><blockquote><li>任何像大流行这样的黑天鹅事件</li></blockquote></p><p></li> </ol> Any volatility storm as markets decline is likely to force analysts to shift from valuing stocks based on market speculation to actual GAAP earnings (not stock buyback inflated EPS), fundamentals, and related unused valuation tools.&nbsp; The TINA – ‘there is no alternative’ trading phenomenon would be over.&nbsp;&nbsp;<i>Investors will need to be mindful of the extreme volatility posed by a volatility storm. Accordingly, wild rallies and steep falls will require portfolio managers to sharpen their hedging and volatility strategies to maintain portfolio value</i>.</p><p><blockquote>随着市场下跌，任何波动性风暴都可能迫使分析师从基于市场投机的股票估值转向实际GAAP收益（而不是股票回购膨胀的每股收益）、基本面和相关未使用的估值工具。TINA——“别无选择”的交易现象将会结束。<i>投资者需要注意波动风暴带来的极端波动。因此，疯狂的上涨和急剧的下跌将要求投资组合经理加强他们的对冲和波动策略，以维持投资组合的价值</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/volatility-storm-coming\">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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/volatility-storm-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199242962","content_text":"“\n Volatility often refers to the amount of uncertainty or risk related to the size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction.”– Investopedia\n\nFederal Reserve Bond Tapering & Interest Rate Hikes Reduce Liquidity\nFederal Reserve liquidity injections have bailed out the economy and equity markets for the last 18 months. And as a result, the bailout created a relatively low volatility environment for equity and bond markets.  Will the announced withdrawal of Fed injections of $120B per month set up the monetary system for higher volatility?  We see major economic forces combining in the intermediate future to create a possible ‘volatility storm’ driving valuations down. These economic forces include:\n\nFed tapering\nInterest rate hikes\nInflation\nLabor wage increases.\n\nOne of these macro factors is a challenge for monetary policymakers to mitigate damage to the financial system.  But, a combination of these factors already building may overwhelm the monetary system. Further, markets are at historic high valuations today. But, market weaknesses and structure, along with valuations may create optimal conditions for a volatility storm.\nTaper Is Coming\nIn September, the minutes of the September Federal Open Market Committee meeting noted that most participants agreed that tapering of treasury and mortgage bond purchases should begin in December, but analysts expect a formal announcement at the November Fed meeting.  Accordingly, here is a forecast of how the projected tapering may occur into mid – June 2022.\n\nSources: Zero Hedge, Real Investment Advice – 10/15/21\nThe financial markets enjoyed about $2.16T in liquidity injections resulting in a low volatility monetary environment for the S&P 500 to bull market from a March 2020 low of 2191 to 4471. The impact of tapering is both real and psychological.  However, some analysts argue that the real reduction in bond purchases will have a minimal effect on bond markets.  Others note that while the actual withdrawal of treasury bond purchases in the $21.9T treasury market is small, the psychological aspects of tapering are significant.  Investors will feel the Federal Reserve is not ‘covering their downside risk’ anymore.\nSome economists see an increase in volatility due to the end of bond purchases and increasing interest rates.  On Fox News, October 17th, Mohammed El-Erian, Chief Economic Advisor at Allianz SE, said he sees increased volatility in the future.\n\n“I worry…that this wonderful world we’ve been living in of low volatility, everything going up, may come to a stop with higher volatility. If I were an investor, I would recognize that I’m riding a huge liquidity wave thanks to the Fed, but I would remember that waves tend to break at some point, so I would be very attentive.”\n\nInflation Surges to Decade Highs\nThe Consumer Price Index, CPI has moved above 5% on a year-over-year basis and it continues to rise.  Housing rent prices are up by 17.9%, according to the Case – Shiller housing September index.  Rent increases lead owner equivalent rent housing costs by five months based on a model by Macrobond and Nordea. This means that the 14% jump in existing home prices YoY is likely to extend into next year.   Below is a chart of the CPI since 2017 and major components such as housing and gasoline.\n\nSources: Bloomberg, Bureau of Labor Statistics – 10/13/21\nThe record prices of key commodities continue to drive the price of manufactured goods higher. Oil prices settled at $85 per barrel, a three-year high on October 15th.  Aluminum prices have increased by 40% in the last year.  The metal price hit a 13 year high on the London Metal Exchange on October 15th as well.  Copper prices surged by12% in the last week to the highest price since May 12th with a 74 year low in inventories.  Demand for primary metals has soared due to power generation demand and the shift to green power infrastructure systems. If passed, the $1T Bipartisan Infrastructure Bill agreed upon in Congress will likely keep commodities prices high for a couple of years.\nChina Boosting Demand\nPlus, China continues to make considerable investments in manufacturing and power generation projects keeping global demand high for commodities.  Container shipping of commodities adds to their price.  Container shipping rates from Shanghai to Los Angeles have increased by ten times in the last year. Computer chip shortages continue with the highest delays on record in chip shipments for September and auto manufacturers have reduced production on some models by 10 – 20% reducing car inventories at dealers and supporting high new and used car prices.  Mitigating the surge in inflation would be declining consumer sentiment and buying, plus a possible slowdown in the global economy.  Yet, wages may continue to climb, causing businesses to respond with price increases.\nIncreased Wages Drive Demand Inflation\nIncreases in wages will possibly sustain demand.   Weekly earnings have soared to almost 10%.  This chart shows weekly earnings back to 1983, the last time earnings increased at this high level.\n\nSource: Bloomberg – 10/12/21\nWorker earnings increases continue to be driven by a labor shortage. There are 4.3M jobs left to fill since the labor force participation rate high of February 2020. Critical factors in many jobs not being filled include: 3.6M retirees not returning to the labor force, lower-wage hospitality workers into higher-paying warehouse and delivery jobs, and 2.5M workers staying at home to care for Covid-19 relatives.  The Wall Street Journal reports on October 14th the labor participation rate is at 61.6% versus 63.3% in February 2020. As a result, the labor force participation rate continues to be below pre-pandemic levels.\n\nSources: Labor Department, The Wall Street Journal – 10/14/21\nLabor Shortages Aren’t Helping\nThe National Federation of Independent Businesses recently reported that their Hard Jobs to Fill indicator shows that wages are likely to continue to soar. The following chart shows how the labor shortage is fueling a rise in wages.\n\nSources: NFIB, The Daily Shot 10/12/21\nIn many industries, the labor shortage is forcing employers to hire key employees away from competitors.  Accordingly, employers report in tight markets such as software programming offering 20% hire-on bonuses.   The restaurant industry’s average wage now stands above $15 per hour to attract workers in this 400% yearly worker churn sector.  Further, recruiters report that some workers seeing a tight labor market are evaluating work-life balance choices.  Also, drop-out workers in some cases are taking vacations, pursuing hobbies, or just taking a break.  Remote work-from-home options will continue to create tighter labor conditions for the foreseeable future.  A September Wall Street Journal survey of 52 economists showed that 42% expect the economy to not recover to pre-pandemic workforce levels for years to come.\nNext, let’s look at how weaknesses in the market can provide clues on a gathering volatility storm.\nMonthly, Weekly Time Frames Show Bearish Market Direction\nBrett Freeze, principal at Global Technical Analysis (GTA), uses a unique set of time frames matched with trend models to identify support and resistance levels. Markets behave in different ways based on different time periods and participants. For example, institutional investors tend to make long-term investments quarterly. GTA analysis reports on quarterly, monthly, weekly, and daily trends. The following chart shows ES futures contract prices are below Monthly and Weekly Trends. The model notes a one period or two-period move as below trend.  When ES future prices make three consecutive period moves, a trend is indicated for that timeframe.\n\nSource: Brett Freeze, Global Technical Analysis – 10/15/21\nNote: PQH = Previous Quarter High, PQL = Previous Quarter Low, PMH = Previous Month High, PML = Previous Month Low, PWH = Previous Weekly High, PML = Previous Weekly Low, PDH = Previous Daily High, PDL = Previous Daily Low\nRealized Volatility Is Relatively Low, Yet Implied Volatility Is Rising\nRealized volatility is the change in price between the daily closes of a stock, ETF, or financial instrument.  The following chart from Lance Roberts and CNBC shows how price changes in the S&P 500 have been above average but are still within a 2% daily range since the March 2020 SPX lows.\n\nSource: Real Investment Advice – 10/6/21\nRealized volatility shows how market participants are actually driving market price swings by direct trading.  The limited movement of realized volatility obscures the impact of implied volatility of markets.\nImplied Volatility\nImplied volatility is the range of prices based on speculation of where a price may be for underlying security or index at a specific date. Overall implied volatility has been climbing the past few years.  The Volatility Index (VIX) is an indicator of implied volatility. The Chicago Board Options Exchange developed the VIX as a real-time index representing market expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). It is calculated based on the ratio of puts (an option to sell underlying security) to calls (an option to buy underlying security) for near-term (30 days or less) options contracts.\nVIX – Bullish or Bearish?\nThe lower the VIX index and the more calls to puts is considered bullish.  Conversely, the more puts to calls driving and higher VIX is deemed to be bearish.  The VIX uses put and call options set at specific strike price levels that traders speculate the SPX maybe, not the actual SPX index value. The VIX is one gauge of market sentiment on the direction of prices for the SPX.  Over the past several years, the baseline VIX has been climbing as the SPX has rallied.  Higher lows indicate growing anxiety about high valuations.  The following monthly chart shows the VIX levels since 2014 with higher lows (red arrow) as it spikes at market lows like March 2020.\n\nSource: Patrick Hill – 10/16/21\nThe VIX reached a low of 9.51 in 2017 and today stands at 16.30 on October 15th as a rally continues.  The VIX reached a high of 53.54 at the SPX March 2020 decline. It would seem with higher lows that a higher spike is possible. Daily options market volume as of September is higher than the volume of underlying stocks. This means thatspeculation on where the SPX level will be is overtaking market flows.\nOptions Levels Point to A Volatility Storm Zone – Below 4400\nOptions analysts note last week’s bounce in S&P 500 Index is likely due to traders selling put options at monthly expiration, which crushed implied volatility.  The VIX indicator fell to 16.80 from 20. Dealers began setting up ‘short volatility positions and buying calls supporting the rise in market prices. SPX levels of open interest in puts and calls identify where there may be support or resistance to prices.\nThe following chart shows a gamma pivot point at 4400.  Gamma is the rate of change of the delta or sensitivity of the option price to a $1 change in the underlying stock price.  It measures the rate at which dealers must adjust their hedged positions. Positive gamma is above 4400, where there are more calls than puts and traders are net-long options.  As a stock price goes up, the dealer sells the stock and buys it as it goes down.  Dealers dampen price changes in a positive gamma environment.\nConversely, when a dealer is net short options, they must hedge by selling the stock as it goes down and buying the stock as price rises triggering increased volatility.  Today, 4400 is the pivot point between positive and negative gamma. Below 4300, we added a Volatility Zone where a volatility storm may build. The chart shows total open interest with puts below the zero line and calls above, with current expiration darkly shaded.\n\nSources: SpotGamma.com and Patrick Hill – 10/15/21\nWatch out Below 4400\nBrent Kochuba, a co-founder of SpotGamma, notes likely increased volatility below 4400,\n\n” We currently see fairly light put positions below 4400. This implies that traders may need to purchase put options on a break of 4400, which could in turn force options dealers to short futures. This could lead to dealers shorting into a down market, which increases volatility.”\n\nWe have located where the volatility storm may develop. But, what factors might trigger a storm?\nFactors Triggering a Volatility Storm\nThe critical triggering events will be Federal Reserve tapering and interest rate increases planned for 2022.  The financial markets depend on high levels of liquidity, so any reduction in liquidity could act as a catalyst for a volatility storm.  Other factors that may magnify a liquidity crunch include:\n\nThe debt ceiling not being raised in December\nOptions hedgers overreach and can’t cover margin positions, triggering forced selling\nInflation roaring further ahead beyond the Fed’s ability to control it, so the market loses confidence in the Fed\nThe Fed raises interest rates higher and faster than the market expects\nConsumers quit spending, causing retail sales to drop, corporations sales fall, and stock buybacks end that were sustaining high market valuations\nThe economy goes into a recession as GDP drops, employment falls, and corporate valuations fall\nAny black swan event like the pandemic\n\nAny volatility storm as markets decline is likely to force analysts to shift from valuing stocks based on market speculation to actual GAAP earnings (not stock buyback inflated EPS), fundamentals, and related unused valuation tools.  The TINA – ‘there is no alternative’ trading phenomenon would be over.  Investors will need to be mindful of the extreme volatility posed by a volatility storm. Accordingly, wild rallies and steep falls will require portfolio managers to sharpen their hedging and volatility strategies to maintain portfolio value.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850375997,"gmtCreate":1634561533465,"gmtModify":1634561534126,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Which one will you pick?","listText":"Which one will you pick?","text":"Which one will you pick?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850375997","repostId":"1199143925","repostType":2,"repost":{"id":"1199143925","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633078771,"share":"https://www.laohu8.com/m/news/1199143925?lang=zh_CN&edition=full","pubTime":"2021-10-01 16:59","market":"us","language":"en","title":"Top 10 stocks that Wall Street’s picks for Q4<blockquote>华尔街第四季度精选的十大股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199143925","media":"Tiger Newspress","summary":"To find the names Wall Street thinks could take the market higher in th fourth quarter, CNBC Pro ide","content":"<p>To find the names Wall Street thinks could take the market higher in th fourth quarter, CNBC Pro identified the stocks with at least 70% of analysts say to buy. We then found the top 10 stocks from that pool ranked by consensus 12-month price target upside.</p><p><blockquote>为了找到华尔街认为可能在第四季度推动市场走高的股票，CNBC Pro确定了至少70%分析师表示买入的股票。然后，我们发现该池中排名前10的股票按共识12个月价格目标上涨空间排名。</blockquote></p><p> Take a look at CNBC Pro’s list.<img src=\"https://static.tigerbbs.com/5ae083b97e4feaf3496a1e1d77d78429\" tg-width=\"1360\" tg-height=\"1466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Topping the list for potential upside is News Corp, the parent company of The Wall Street Journal-publisher Dow Jones. Analysts on average see the stock rallying 37.4% in the next 12-months. The stock is also outperforming the market this year, rising 33% compared with the S&amp;P 500′s 16% gain.</p><p><blockquote>看看CNBC Pro的列表。位居潜在上涨榜首的是《华尔街日报》出版商道琼斯的母公司新闻集团。分析师平均预计该股在未来12个月内将上涨37.4%。该股今年的表现也优于大盘，上涨了33%，而标普500的涨幅为16%。</blockquote></p><p> Alaska Air Group is the most liked stock on the Street from the screen. The airline stock has a buy rating from 93% of analysts covering the name. Analysts think Alaska Air can rise 27.7% in the next year.</p><p><blockquote>阿拉斯加航空集团是屏幕上最受欢迎的股票。93%的分析师对该航空公司股票给予买入评级。分析师认为阿拉斯加航空明年可能上涨27.7%。</blockquote></p><p> Power generator company Generac makes CNBC Pro’s screen and has the best year-to-date performance out of the list. The stock has gained nearly 80% as of Wednesday’s close. Wall Street thinks Generac has more room to run with consensus potential upside of 25.4%.</p><p><blockquote>发电机公司Generac制作了CNBC Pro的屏幕，并在榜单中拥有今年迄今为止最好的表现。截至周三收盘，该股已上涨近80%。华尔街认为Generac还有更大的运行空间，共识潜在上涨空间为25.4%。</blockquote></p><p> Other names to make CNBC Pro’s screen include General Motors, T-Mobile and PayPal.</p><p><blockquote>其他出现在CNBC Pro屏幕上的公司包括通用汽车、T-Mobile和PayPal。</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>Top 10 stocks that Wall Street’s picks for Q4<blockquote>华尔街第四季度精选的十大股票</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\">\nTop 10 stocks that Wall Street’s picks for Q4<blockquote>华尔街第四季度精选的十大股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-01 16:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>To find the names Wall Street thinks could take the market higher in th fourth quarter, CNBC Pro identified the stocks with at least 70% of analysts say to buy. We then found the top 10 stocks from that pool ranked by consensus 12-month price target upside.</p><p><blockquote>为了找到华尔街认为可能在第四季度推动市场走高的股票，CNBC Pro确定了至少70%分析师表示买入的股票。然后，我们发现该池中排名前10的股票按共识12个月价格目标上涨空间排名。</blockquote></p><p> Take a look at CNBC Pro’s list.<img src=\"https://static.tigerbbs.com/5ae083b97e4feaf3496a1e1d77d78429\" tg-width=\"1360\" tg-height=\"1466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Topping the list for potential upside is News Corp, the parent company of The Wall Street Journal-publisher Dow Jones. Analysts on average see the stock rallying 37.4% in the next 12-months. The stock is also outperforming the market this year, rising 33% compared with the S&amp;P 500′s 16% gain.</p><p><blockquote>看看CNBC Pro的列表。位居潜在上涨榜首的是《华尔街日报》出版商道琼斯的母公司新闻集团。分析师平均预计该股在未来12个月内将上涨37.4%。该股今年的表现也优于大盘，上涨了33%，而标普500的涨幅为16%。</blockquote></p><p> Alaska Air Group is the most liked stock on the Street from the screen. The airline stock has a buy rating from 93% of analysts covering the name. Analysts think Alaska Air can rise 27.7% in the next year.</p><p><blockquote>阿拉斯加航空集团是屏幕上最受欢迎的股票。93%的分析师对该航空公司股票给予买入评级。分析师认为阿拉斯加航空明年可能上涨27.7%。</blockquote></p><p> Power generator company Generac makes CNBC Pro’s screen and has the best year-to-date performance out of the list. The stock has gained nearly 80% as of Wednesday’s close. Wall Street thinks Generac has more room to run with consensus potential upside of 25.4%.</p><p><blockquote>发电机公司Generac制作了CNBC Pro的屏幕，并在榜单中拥有今年迄今为止最好的表现。截至周三收盘，该股已上涨近80%。华尔街认为Generac还有更大的运行空间，共识潜在上涨空间为25.4%。</blockquote></p><p> Other names to make CNBC Pro’s screen include General Motors, T-Mobile and PayPal.</p><p><blockquote>其他出现在CNBC Pro屏幕上的公司包括通用汽车、T-Mobile和PayPal。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMUS":"T-Mobile US Inc","GM":"通用汽车","NWSA":"新闻集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199143925","content_text":"To find the names Wall Street thinks could take the market higher in th fourth quarter, CNBC Pro identified the stocks with at least 70% of analysts say to buy. We then found the top 10 stocks from that pool ranked by consensus 12-month price target upside.\nTake a look at CNBC Pro’s list.Topping the list for potential upside is News Corp, the parent company of The Wall Street Journal-publisher Dow Jones. Analysts on average see the stock rallying 37.4% in the next 12-months. The stock is also outperforming the market this year, rising 33% compared with the S&P 500′s 16% gain.\nAlaska Air Group is the most liked stock on the Street from the screen. The airline stock has a buy rating from 93% of analysts covering the name. Analysts think Alaska Air can rise 27.7% in the next year.\nPower generator company Generac makes CNBC Pro’s screen and has the best year-to-date performance out of the list. The stock has gained nearly 80% as of Wednesday’s close. Wall Street thinks Generac has more room to run with consensus potential upside of 25.4%.\nOther names to make CNBC Pro’s screen include General Motors, T-Mobile and PayPal.","news_type":1,"symbols_score_info":{"TMUS":0.9,"GM":0.9,"NWSA":0.9}},"isVote":1,"tweetType":1,"viewCount":1011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827952843,"gmtCreate":1634395935627,"gmtModify":1634395936345,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Pray the momentum will continue! 😂","listText":"Pray the momentum will continue! 😂","text":"Pray the momentum will continue! 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827952843","repostId":"1108139757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1049,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824354866,"gmtCreate":1634283953891,"gmtModify":1634283954104,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Still waiting for my portfolio to turn all green😂","listText":"Still waiting for my portfolio to turn all green😂","text":"Still waiting for my portfolio to turn all green😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824354866","repostId":"1113755924","repostType":4,"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822145183,"gmtCreate":1634106709667,"gmtModify":1634106710366,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"The numbers dun look good","listText":"The numbers dun look good","text":"The numbers dun look good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822145183","repostId":"2175273130","repostType":4,"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828225306,"gmtCreate":1633918106717,"gmtModify":1633918106941,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Fingers crossed","listText":"Fingers crossed","text":"Fingers crossed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828225306","repostId":"1194780749","repostType":4,"isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821251267,"gmtCreate":1633750544731,"gmtModify":1633750545429,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Time to resume the climb?","listText":"Time to resume the climb?","text":"Time to resume the climb?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821251267","repostId":"1133780035","repostType":4,"repost":{"id":"1133780035","kind":"news","pubTimestamp":1633704297,"share":"https://www.laohu8.com/m/news/1133780035?lang=zh_CN&edition=full","pubTime":"2021-10-08 22:44","market":"us","language":"en","title":"6 reasons this is a fresh multiyear bull market and 6 stocks in the surprising sector you should favor<blockquote>这是一个新的多年牛市的6个原因以及您应该青睐的令人惊讶的行业中的6只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133780035","media":"MarketWatch","summary":"Stock-market pessimism and excess consumer buying power point to retail stocks.\n\nNothing like a litt","content":"<p>  <b>Stock-market pessimism and excess consumer buying power point to retail stocks.</b>  Nothing like a little October turbulence to help the market’s weak hands get in touch with their inner bears.</p><p><blockquote><b>股市悲观情绪和消费者过度购买给零售股带来了动力。</b>没有什么比十月的一点动荡更能帮助市场的弱者与内心的空头取得联系了。</blockquote></p><p> But don’t let their negativity rub off on you. We’re still near the beginning of what will be a multiyear bull market. Here are six reasons to buy stocks now, and six names to consider in one of the best sectors to own at the moment.</p><p><blockquote>但是不要让他们的消极影响到你。我们仍接近多年牛市的开始。以下是现在购买股票的六个理由，以及目前最值得考虑的行业之一的六个名字。</blockquote></p><p> <b>1. Sentiment has gotten bearish enough</b></p><p><blockquote><b>1.情绪已经变得足够悲观</b></blockquote></p><p> I regularly track investor sentiment in my stock letter (details and link in bio below) to make contrarian “calls” on the market. While most of your money should be in long-term holdings, timing entries when most people are bearish gives you an edge. That is the case now. Sentiment is not extremely negative, but it fell enough this week to trigger a buy signal in my system.</p><p><blockquote>我定期在我的股票信中跟踪投资者情绪（详细信息和链接见下面的简历），以在市场上进行逆向“评级”。虽然你的大部分资金应该长期持有，但在大多数人看跌的时候入场会给你带来优势。现在就是这样。情绪并不是极其负面，但本周下跌足以在我的系统中触发买入信号。</blockquote></p><p> It’s also worth pointing out that major media figures turned pretty negative this week, another good contrarian signal. (I won’t name names.) And the fact that their negativity is a bullish signal in my book doesn’t mean I think they are dense. It’s just that high-profile media commentators are consensus sponges. It’s an occupational hazard – which we can use to our advantage as investors.</p><p><blockquote>还值得指出的是，主要媒体数据本周变得相当负面，这是另一个良好的逆向信号。（我就不指名道姓了。）而他们的消极在我的书里是看涨信号的事实，并不意味着我认为他们是密集的。只是高调的媒体评论员是共识海绵。这是一种职业危害——作为投资者，我们可以利用这一点。</blockquote></p><p> Pick your favorite popular financial media talking heads, then do the opposite whenever they turn consistently negative — or positive.</p><p><blockquote>挑选你最喜欢的流行财经媒体发言人，然后在他们持续消极或积极时反其道而行之。</blockquote></p><p> <b>2. Seasonality is in our favor</b></p><p><blockquote><b>2.季节性对我们有利</b></blockquote></p><p> The worst month for stocks is October, and the weakest days are Oct. 10 and Oct. 11. Then this bleak month is followed by the seasonally strong January-May phase when the market is bolstered by new money coming in. In between, November and December can be strong as stocks rebound from October weakness and the end of the mutual-fund tax-loss selling season. That’s finished at the end of October.</p><p><blockquote>股市最糟糕的月份是10月，最疲软的日子是10月10日和10月11日。然后，这个惨淡的月份之后是季节性强劲的1月至5月阶段，此时市场受到新资金流入的支撑。在此期间，随着股市从10月份的疲软中反弹以及共同基金税收损失销售季节的结束，11月和12月可能会表现强劲。那是十月底完成的。</blockquote></p><p> <b>3. COVID is rolling over</b></p><p><blockquote><b>3.新冠疫情正在蔓延</b></blockquote></p><p> It’s no secret that case counts and hospitalizations are down sharply. Last year, the cold weather did not usher in a winter COVID flu season. So, it’s not too crazy to expect the same thing this year, especially given all the people who have been vaccinated or infected. Reopening will help boost the economy.</p><p><blockquote>众所周知，病例数和住院人数急剧下降。去年，寒冷的天气并没有迎来冬季COVID流感季节。所以，今年期待同样的事情并不太疯狂，尤其是考虑到所有已经接种疫苗或被感染的人。重新开放将有助于提振经济。</blockquote></p><p> <b>4. A correction may have already happened</b></p><p><blockquote><b>4.修正可能已经发生</b></blockquote></p><p> Since the summer, the market has experienced rolling corrections in various sectors. The Russell 2000RUT,+0.14%was down over 10% in August, the definition of a correction. Cyclicals, retail, tech and so forth have all been hit. As of early October, 90% or more of S&amp;P 500SPX,-0.05%and NasdaqCOMP,-0.28%stocks had fallen at least 10% from 2021 highs, notes Liz Ann Sonders, chief investment strategist at Charles SchwabSCHW,+1.47%.</p><p><blockquote>入夏以来，市场经历了各板块的滚动回调。罗素2000RUT,+0.14%8月份下跌超过10%，这是回调的定义。周期性、零售、科技等都受到了打击。嘉信理财首席投资策略师Liz Ann Sonders指出，截至10月初，90%或更多的标准普尔500SPX(-0.05%)和纳斯达克综合指数(-0.28%)股票已较2021年高点下跌至少10%，+1.47%。</blockquote></p><p> In other words, while everyone was looking for a correction, it may have already happened. The market has a funny way of tricking most people most of the time, this way.</p><p><blockquote>换句话说，当所有人都在寻找修正时，它可能已经发生了。大多数时候，市场有一种有趣的方式来欺骗大多数人，就是这种方式。</blockquote></p><p> <b>5. There’s been strong household formation</b></p><p><blockquote><b>5.家庭结构强劲</b></blockquote></p><p> Millennials are finally giving up on the parents’ basement – if there was ever any truth to that cliché.</p><p><blockquote>千禧一代终于放弃了父母的地下室——如果这种陈词滥调有任何真实性的话。</blockquote></p><p> What is true: They’re entering the prime age for marriage and family. Plus, the economy is booming so they feel confident enough to make the plunge into homeownership.</p><p><blockquote>事实是：他们正在进入婚姻和家庭的黄金年龄。此外，经济正在蓬勃发展，所以他们有足够的信心投入到住房所有权。</blockquote></p><p> The upshot: Household formation is now at about two million per year, more than double the rate for the past five years. Home buyers have to purchase a lot of stuff to fill up those new houses. That’s a built-in economy booster.</p><p><blockquote>结果是：现在每年大约有200万个家庭组成，是过去五年的两倍多。购房者不得不购买很多东西来填满这些新房子。这是一个内置的经济助推器。</blockquote></p><p> <b>6. The consumer is scared, locked and loaded</b></p><p><blockquote><b>6.消费者害怕，锁定和装载</b></blockquote></p><p> There are at least a half-dozen natural sources of stimulus in the economy ready to drive growth whether the Fed tapers or not, points out Jim Paulsen, an economist and strategist at Leuthold Group. One is that household formation, mentioned above. Another is the low level of inventories at companies – which have to restock big time. But to me, the big one is the consumer, simply because consumer spending is the big driver of our economy.</p><p><blockquote>Leuthold Group经济学家兼策略师吉姆·保尔森(Jim Paulsen)指出，无论美联储是否缩减规模，经济中至少有六种自然刺激来源可以推动经济增长。一个是上面提到的家庭结构。另一个原因是公司库存水平较低——它们必须大量补货。但对我来说，最大的因素是消费者，因为消费者支出是我们经济的主要驱动力。</blockquote></p><p> The bottom line: Consumer are scared. But they have a ton of buying power to tap when their anxieties ease — perhaps as COVID continues to roll over.</p><p><blockquote>底线是：消费者感到害怕。但当他们的焦虑缓解时，他们有大量的购买力可以利用——也许是随着新冠疫情的继续蔓延。</blockquote></p><p> Now a little more detail.August consumer sentimentwas at the lowest level since the pandemic began, as measured by the University of Michigan index of consumer sentiment. Itnudged up in September, but it is still low.</p><p><blockquote>现在更多细节。根据密歇根大学消费者信心指数衡量，8月份消费者信心处于大流行开始以来的最低水平。9月份有所上升，但仍处于低位。</blockquote></p><p> At the same time, consumers have a tremendous amount of buying power. Personal savings are at about 12% of GDP. That’s twice the longer-term average of around 6%-7%, notes Paulsen. Net worth compared to income is at record highs.</p><p><blockquote>与此同时，消费者拥有巨大的购买力。个人储蓄约占GDP的12%。保尔森指出，这是6%-7%左右的长期平均水平的两倍。净资产与收入相比创历史新高。</blockquote></p><p> Don’t make the mistake of thinking that’s just the rich getting richer because of the stock market. Homes are up a lot too, and most people own homes. The ratio of household debt to personal income is the lowest since 1985.</p><p><blockquote>不要错误地认为这只是富人因为股市而变得更富。房价也涨了很多，大多数人都有自己的房子。家庭债务与个人收入之比为1985年以来最低。</blockquote></p><p></p><p> “Consumers are scared and loaded with untapped buying power,” says Paulsen. “This pessimistic mindset combined with the excess buying power has historically produced solid market gains with infrequent declines,” he says. “This ratio portrays a bull market that is still in its infancy.”</p><p><blockquote>“消费者感到害怕，并且充满了未开发的购买力，”保尔森说。他表示：“这种悲观心态加上购买力过剩，从历史上看，市场出现了稳健的上涨，但很少出现下跌。”“这个比率描绘了一个仍处于起步阶段的牛市。”</blockquote></p><p> <b>S</b><b><b>tocks</b></b><b>&nbsp;to buy</b></p><p><blockquote><b>S</b><b><b>托克斯</b></b><b>购买</b></blockquote></p><p> Since the consumer is such a big part of this dynamic, I say go with retail stocks. They’ve been underperforming, which also makes them look attractive.</p><p><blockquote>由于消费者是这种动态的重要组成部分，我建议选择零售股。他们表现不佳，这也让他们看起来很有吸引力。</blockquote></p><p> Morningstar cites Bath &amp; Body WorksBBWI,-0.74%as a retailer with a moat and trading at a discount. The body care and home fragrance retailer has a four-star rating because its stock is trading so far below Morningstar’s “fair value” estimate of $79 for the name.</p><p><blockquote>晨星公司将Bath&amp;Body WorksBBWI,-0.74%视为一家拥有护城河且交易折扣的零售商。这家身体护理和家用香水零售商获得四星级评级，因为其股票交易价格远低于晨星公司对该名称79美元的“公允价值”估计。</blockquote></p><p> As for the moat, analyst Jaime Katz cites the company’s strong brand, its leadership position in its space, and the 30% average return on invested capital, well above its 8% weighted average cost of capital.</p><p><blockquote>至于护城河，分析师Jaime Katz列举了该公司强大的品牌、在该领域的领导地位以及30%的平均投资资本回报率，远高于其8%的加权平均资本成本。</blockquote></p><p> Eric Marshall, a portfolio manager at the Hodges Small Cap fundHDPSX,+1.83%,likes the apparel retailer American Eagle OutfittersAEO,0.36%,which is down over 35% from highs this year. The company posted record revenue of $1.19 billion in the second quarter, up 35% year over year.</p><p><blockquote>Hodges Small Cap fundHDPSX(+1.83%)的投资组合经理埃里克·马歇尔(Eric Marshall)看好服装零售商American Eagle OutfittersAEO(0.36%)，该股较今年高点下跌了35%以上。该公司第二季度营收达到创纪录的11.9亿美元，同比增长35%。</blockquote></p><p> The core growth driver is its popular Aerie brand. Marshall thinks the company will earn over $2 a share this year, which makes American Eagle stock a bargain at around 13 times forward earnings.</p><p><blockquote>核心增长动力是其广受欢迎的Aerie品牌。马歇尔认为该公司今年每股收益将超过2美元，这使得American Eagle股票的预期市盈率约为13倍，非常便宜。</blockquote></p><p> Marshall is worth listening to because he has a hot hand. His Hodges small-cap fund is up 31% this year, beating its small blend category and Russell 2000 index benchmark by 12 to 18 percentage points, according to Morningstar.</p><p><blockquote>马歇尔值得一听，因为他有一双热情的手。据晨星公司称，他的Hodges小型股基金今年上涨了31%，比小型混合基金和罗素2000指数基准高出12至18个百分点。</blockquote></p><p> Marshall also likes Academy Sports and OutdoorsASO,-0.91%,which sells sports and outdoor recreation&nbsp;goods. The pandemic was a windfall for this company because of the popularity of outdoor activities. Strong pandemic sales helped the company chip away at its high debt levels. Analysts are worried the pandemic-inspired popularity of outdoor activities will wane, but Marshall thinks the outdoor lifestyle will stay in vogue.</p><p><blockquote>马歇尔还喜欢Academy Sports and OutdoorsASO,-0.91%，该公司销售运动和户外休闲用品。由于户外活动的流行，疫情对这家公司来说是一笔意外之财。强劲的大流行销售帮助该公司降低了高债务水平。分析师担心大流行引发的户外活动的受欢迎程度将会减弱，但马歇尔认为户外生活方式将继续流行。</blockquote></p><p> While many retail sector investors are awed by the power of Amazon.comAMZN,0.03%and WalmartWMT,0.03%,Motley Fool retail sector analyst Asit Sharma favors niche chains that have mastered the “direct to consumer” sales model. They offer great stores and solid products, but also the mix of delivery options that shoppers want – including in-store pickup of items bought online.</p><p><blockquote>虽然许多零售行业投资者对亚马逊MAMZN(0.03%)和沃尔玛WMT(0.03%)的力量感到敬畏，但Motley Fool零售行业分析师Asit Sharma更青睐掌握“直接面向消费者”销售模式的利基连锁店。他们提供很棒的商店和可靠的产品，但也提供购物者想要的送货选择组合——包括在店内提货网上购买的商品。</blockquote></p><p> “The retail sector gets a perennial bad rap because everyone is focused on yesterday’s story, that Amazon and Walmart are taking out all physical stores,” says Sharma. But that’s not the case. Many retailers provide a mix of excellent in-store experiences and unique products that the two retail giants can’t really offer.</p><p><blockquote>夏尔马说：“零售业常年受到负面评价，因为每个人都在关注昨天的故事，即亚马逊和沃尔玛正在关闭所有实体店。”但事实并非如此。许多零售商提供出色的店内体验和独特的产品，这是这两家零售巨头无法真正提供的。</blockquote></p><p> Here, Sharma cites Lululemon AthleticaLULU,-0.88%.“We love the fact that the company spends on its own research and development innovation on the fabric side.” Stores give consumers a chance to check out the custom fabrics in person.</p><p><blockquote>在这里，Sharma引用了Lululemon AthleticaLULU，-0.88%。“我们喜欢该公司在面料方面投入自己的研发创新。”商店给消费者一个亲自检查定制面料的机会。</blockquote></p><p> Sharma also favors Yeti HoldingsYETI,-1.92%,which sells coolers, “drinkware” and outdoor equipment. For a larger cap name, consider the popular retail giant TargetTGT,-0.24%for its “everything under one roof” approach to retail.</p><p><blockquote>夏尔马还青睐Yeti HoldingsYETI，-1.92%，该公司销售冷却器、“饮品”和户外设备。对于较大的股票名称，请考虑受欢迎的零售巨头TargetTGT，-0.24%，因其“一切都在一个屋檐下”的零售方式。</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>6 reasons this is a fresh multiyear bull market and 6 stocks in the surprising sector you should favor<blockquote>这是一个新的多年牛市的6个原因以及您应该青睐的令人惊讶的行业中的6只股票</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\">\n6 reasons this is a fresh multiyear bull market and 6 stocks in the surprising sector you should favor<blockquote>这是一个新的多年牛市的6个原因以及您应该青睐的令人惊讶的行业中的6只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-08 22:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Stock-market pessimism and excess consumer buying power point to retail stocks.</b>  Nothing like a little October turbulence to help the market’s weak hands get in touch with their inner bears.</p><p><blockquote><b>股市悲观情绪和消费者过度购买给零售股带来了动力。</b>没有什么比十月的一点动荡更能帮助市场的弱者与内心的空头取得联系了。</blockquote></p><p> But don’t let their negativity rub off on you. We’re still near the beginning of what will be a multiyear bull market. Here are six reasons to buy stocks now, and six names to consider in one of the best sectors to own at the moment.</p><p><blockquote>但是不要让他们的消极影响到你。我们仍接近多年牛市的开始。以下是现在购买股票的六个理由，以及目前最值得考虑的行业之一的六个名字。</blockquote></p><p> <b>1. Sentiment has gotten bearish enough</b></p><p><blockquote><b>1.情绪已经变得足够悲观</b></blockquote></p><p> I regularly track investor sentiment in my stock letter (details and link in bio below) to make contrarian “calls” on the market. While most of your money should be in long-term holdings, timing entries when most people are bearish gives you an edge. That is the case now. Sentiment is not extremely negative, but it fell enough this week to trigger a buy signal in my system.</p><p><blockquote>我定期在我的股票信中跟踪投资者情绪（详细信息和链接见下面的简历），以在市场上进行逆向“评级”。虽然你的大部分资金应该长期持有，但在大多数人看跌的时候入场会给你带来优势。现在就是这样。情绪并不是极其负面，但本周下跌足以在我的系统中触发买入信号。</blockquote></p><p> It’s also worth pointing out that major media figures turned pretty negative this week, another good contrarian signal. (I won’t name names.) And the fact that their negativity is a bullish signal in my book doesn’t mean I think they are dense. It’s just that high-profile media commentators are consensus sponges. It’s an occupational hazard – which we can use to our advantage as investors.</p><p><blockquote>还值得指出的是，主要媒体数据本周变得相当负面，这是另一个良好的逆向信号。（我就不指名道姓了。）而他们的消极在我的书里是看涨信号的事实，并不意味着我认为他们是密集的。只是高调的媒体评论员是共识海绵。这是一种职业危害——作为投资者，我们可以利用这一点。</blockquote></p><p> Pick your favorite popular financial media talking heads, then do the opposite whenever they turn consistently negative — or positive.</p><p><blockquote>挑选你最喜欢的流行财经媒体发言人，然后在他们持续消极或积极时反其道而行之。</blockquote></p><p> <b>2. Seasonality is in our favor</b></p><p><blockquote><b>2.季节性对我们有利</b></blockquote></p><p> The worst month for stocks is October, and the weakest days are Oct. 10 and Oct. 11. Then this bleak month is followed by the seasonally strong January-May phase when the market is bolstered by new money coming in. In between, November and December can be strong as stocks rebound from October weakness and the end of the mutual-fund tax-loss selling season. That’s finished at the end of October.</p><p><blockquote>股市最糟糕的月份是10月，最疲软的日子是10月10日和10月11日。然后，这个惨淡的月份之后是季节性强劲的1月至5月阶段，此时市场受到新资金流入的支撑。在此期间，随着股市从10月份的疲软中反弹以及共同基金税收损失销售季节的结束，11月和12月可能会表现强劲。那是十月底完成的。</blockquote></p><p> <b>3. COVID is rolling over</b></p><p><blockquote><b>3.新冠疫情正在蔓延</b></blockquote></p><p> It’s no secret that case counts and hospitalizations are down sharply. Last year, the cold weather did not usher in a winter COVID flu season. So, it’s not too crazy to expect the same thing this year, especially given all the people who have been vaccinated or infected. Reopening will help boost the economy.</p><p><blockquote>众所周知，病例数和住院人数急剧下降。去年，寒冷的天气并没有迎来冬季COVID流感季节。所以，今年期待同样的事情并不太疯狂，尤其是考虑到所有已经接种疫苗或被感染的人。重新开放将有助于提振经济。</blockquote></p><p> <b>4. A correction may have already happened</b></p><p><blockquote><b>4.修正可能已经发生</b></blockquote></p><p> Since the summer, the market has experienced rolling corrections in various sectors. The Russell 2000RUT,+0.14%was down over 10% in August, the definition of a correction. Cyclicals, retail, tech and so forth have all been hit. As of early October, 90% or more of S&amp;P 500SPX,-0.05%and NasdaqCOMP,-0.28%stocks had fallen at least 10% from 2021 highs, notes Liz Ann Sonders, chief investment strategist at Charles SchwabSCHW,+1.47%.</p><p><blockquote>入夏以来，市场经历了各板块的滚动回调。罗素2000RUT,+0.14%8月份下跌超过10%，这是回调的定义。周期性、零售、科技等都受到了打击。嘉信理财首席投资策略师Liz Ann Sonders指出，截至10月初，90%或更多的标准普尔500SPX(-0.05%)和纳斯达克综合指数(-0.28%)股票已较2021年高点下跌至少10%，+1.47%。</blockquote></p><p> In other words, while everyone was looking for a correction, it may have already happened. The market has a funny way of tricking most people most of the time, this way.</p><p><blockquote>换句话说，当所有人都在寻找修正时，它可能已经发生了。大多数时候，市场有一种有趣的方式来欺骗大多数人，就是这种方式。</blockquote></p><p> <b>5. There’s been strong household formation</b></p><p><blockquote><b>5.家庭结构强劲</b></blockquote></p><p> Millennials are finally giving up on the parents’ basement – if there was ever any truth to that cliché.</p><p><blockquote>千禧一代终于放弃了父母的地下室——如果这种陈词滥调有任何真实性的话。</blockquote></p><p> What is true: They’re entering the prime age for marriage and family. Plus, the economy is booming so they feel confident enough to make the plunge into homeownership.</p><p><blockquote>事实是：他们正在进入婚姻和家庭的黄金年龄。此外，经济正在蓬勃发展，所以他们有足够的信心投入到住房所有权。</blockquote></p><p> The upshot: Household formation is now at about two million per year, more than double the rate for the past five years. Home buyers have to purchase a lot of stuff to fill up those new houses. That’s a built-in economy booster.</p><p><blockquote>结果是：现在每年大约有200万个家庭组成，是过去五年的两倍多。购房者不得不购买很多东西来填满这些新房子。这是一个内置的经济助推器。</blockquote></p><p> <b>6. The consumer is scared, locked and loaded</b></p><p><blockquote><b>6.消费者害怕，锁定和装载</b></blockquote></p><p> There are at least a half-dozen natural sources of stimulus in the economy ready to drive growth whether the Fed tapers or not, points out Jim Paulsen, an economist and strategist at Leuthold Group. One is that household formation, mentioned above. Another is the low level of inventories at companies – which have to restock big time. But to me, the big one is the consumer, simply because consumer spending is the big driver of our economy.</p><p><blockquote>Leuthold Group经济学家兼策略师吉姆·保尔森(Jim Paulsen)指出，无论美联储是否缩减规模，经济中至少有六种自然刺激来源可以推动经济增长。一个是上面提到的家庭结构。另一个原因是公司库存水平较低——它们必须大量补货。但对我来说，最大的因素是消费者，因为消费者支出是我们经济的主要驱动力。</blockquote></p><p> The bottom line: Consumer are scared. But they have a ton of buying power to tap when their anxieties ease — perhaps as COVID continues to roll over.</p><p><blockquote>底线是：消费者感到害怕。但当他们的焦虑缓解时，他们有大量的购买力可以利用——也许是随着新冠疫情的继续蔓延。</blockquote></p><p> Now a little more detail.August consumer sentimentwas at the lowest level since the pandemic began, as measured by the University of Michigan index of consumer sentiment. Itnudged up in September, but it is still low.</p><p><blockquote>现在更多细节。根据密歇根大学消费者信心指数衡量，8月份消费者信心处于大流行开始以来的最低水平。9月份有所上升，但仍处于低位。</blockquote></p><p> At the same time, consumers have a tremendous amount of buying power. Personal savings are at about 12% of GDP. That’s twice the longer-term average of around 6%-7%, notes Paulsen. Net worth compared to income is at record highs.</p><p><blockquote>与此同时，消费者拥有巨大的购买力。个人储蓄约占GDP的12%。保尔森指出，这是6%-7%左右的长期平均水平的两倍。净资产与收入相比创历史新高。</blockquote></p><p> Don’t make the mistake of thinking that’s just the rich getting richer because of the stock market. Homes are up a lot too, and most people own homes. The ratio of household debt to personal income is the lowest since 1985.</p><p><blockquote>不要错误地认为这只是富人因为股市而变得更富。房价也涨了很多，大多数人都有自己的房子。家庭债务与个人收入之比为1985年以来最低。</blockquote></p><p></p><p> “Consumers are scared and loaded with untapped buying power,” says Paulsen. “This pessimistic mindset combined with the excess buying power has historically produced solid market gains with infrequent declines,” he says. “This ratio portrays a bull market that is still in its infancy.”</p><p><blockquote>“消费者感到害怕，并且充满了未开发的购买力，”保尔森说。他表示：“这种悲观心态加上购买力过剩，从历史上看，市场出现了稳健的上涨，但很少出现下跌。”“这个比率描绘了一个仍处于起步阶段的牛市。”</blockquote></p><p> <b>S</b><b><b>tocks</b></b><b>&nbsp;to buy</b></p><p><blockquote><b>S</b><b><b>托克斯</b></b><b>购买</b></blockquote></p><p> Since the consumer is such a big part of this dynamic, I say go with retail stocks. They’ve been underperforming, which also makes them look attractive.</p><p><blockquote>由于消费者是这种动态的重要组成部分，我建议选择零售股。他们表现不佳，这也让他们看起来很有吸引力。</blockquote></p><p> Morningstar cites Bath &amp; Body WorksBBWI,-0.74%as a retailer with a moat and trading at a discount. The body care and home fragrance retailer has a four-star rating because its stock is trading so far below Morningstar’s “fair value” estimate of $79 for the name.</p><p><blockquote>晨星公司将Bath&amp;Body WorksBBWI,-0.74%视为一家拥有护城河且交易折扣的零售商。这家身体护理和家用香水零售商获得四星级评级，因为其股票交易价格远低于晨星公司对该名称79美元的“公允价值”估计。</blockquote></p><p> As for the moat, analyst Jaime Katz cites the company’s strong brand, its leadership position in its space, and the 30% average return on invested capital, well above its 8% weighted average cost of capital.</p><p><blockquote>至于护城河，分析师Jaime Katz列举了该公司强大的品牌、在该领域的领导地位以及30%的平均投资资本回报率，远高于其8%的加权平均资本成本。</blockquote></p><p> Eric Marshall, a portfolio manager at the Hodges Small Cap fundHDPSX,+1.83%,likes the apparel retailer American Eagle OutfittersAEO,0.36%,which is down over 35% from highs this year. The company posted record revenue of $1.19 billion in the second quarter, up 35% year over year.</p><p><blockquote>Hodges Small Cap fundHDPSX(+1.83%)的投资组合经理埃里克·马歇尔(Eric Marshall)看好服装零售商American Eagle OutfittersAEO(0.36%)，该股较今年高点下跌了35%以上。该公司第二季度营收达到创纪录的11.9亿美元，同比增长35%。</blockquote></p><p> The core growth driver is its popular Aerie brand. Marshall thinks the company will earn over $2 a share this year, which makes American Eagle stock a bargain at around 13 times forward earnings.</p><p><blockquote>核心增长动力是其广受欢迎的Aerie品牌。马歇尔认为该公司今年每股收益将超过2美元，这使得American Eagle股票的预期市盈率约为13倍，非常便宜。</blockquote></p><p> Marshall is worth listening to because he has a hot hand. His Hodges small-cap fund is up 31% this year, beating its small blend category and Russell 2000 index benchmark by 12 to 18 percentage points, according to Morningstar.</p><p><blockquote>马歇尔值得一听，因为他有一双热情的手。据晨星公司称，他的Hodges小型股基金今年上涨了31%，比小型混合基金和罗素2000指数基准高出12至18个百分点。</blockquote></p><p> Marshall also likes Academy Sports and OutdoorsASO,-0.91%,which sells sports and outdoor recreation&nbsp;goods. The pandemic was a windfall for this company because of the popularity of outdoor activities. Strong pandemic sales helped the company chip away at its high debt levels. Analysts are worried the pandemic-inspired popularity of outdoor activities will wane, but Marshall thinks the outdoor lifestyle will stay in vogue.</p><p><blockquote>马歇尔还喜欢Academy Sports and OutdoorsASO,-0.91%，该公司销售运动和户外休闲用品。由于户外活动的流行，疫情对这家公司来说是一笔意外之财。强劲的大流行销售帮助该公司降低了高债务水平。分析师担心大流行引发的户外活动的受欢迎程度将会减弱，但马歇尔认为户外生活方式将继续流行。</blockquote></p><p> While many retail sector investors are awed by the power of Amazon.comAMZN,0.03%and WalmartWMT,0.03%,Motley Fool retail sector analyst Asit Sharma favors niche chains that have mastered the “direct to consumer” sales model. They offer great stores and solid products, but also the mix of delivery options that shoppers want – including in-store pickup of items bought online.</p><p><blockquote>虽然许多零售行业投资者对亚马逊MAMZN(0.03%)和沃尔玛WMT(0.03%)的力量感到敬畏，但Motley Fool零售行业分析师Asit Sharma更青睐掌握“直接面向消费者”销售模式的利基连锁店。他们提供很棒的商店和可靠的产品，但也提供购物者想要的送货选择组合——包括在店内提货网上购买的商品。</blockquote></p><p> “The retail sector gets a perennial bad rap because everyone is focused on yesterday’s story, that Amazon and Walmart are taking out all physical stores,” says Sharma. But that’s not the case. Many retailers provide a mix of excellent in-store experiences and unique products that the two retail giants can’t really offer.</p><p><blockquote>夏尔马说：“零售业常年受到负面评价，因为每个人都在关注昨天的故事，即亚马逊和沃尔玛正在关闭所有实体店。”但事实并非如此。许多零售商提供出色的店内体验和独特的产品，这是这两家零售巨头无法真正提供的。</blockquote></p><p> Here, Sharma cites Lululemon AthleticaLULU,-0.88%.“We love the fact that the company spends on its own research and development innovation on the fabric side.” Stores give consumers a chance to check out the custom fabrics in person.</p><p><blockquote>在这里，Sharma引用了Lululemon AthleticaLULU，-0.88%。“我们喜欢该公司在面料方面投入自己的研发创新。”商店给消费者一个亲自检查定制面料的机会。</blockquote></p><p> Sharma also favors Yeti HoldingsYETI,-1.92%,which sells coolers, “drinkware” and outdoor equipment. For a larger cap name, consider the popular retail giant TargetTGT,-0.24%for its “everything under one roof” approach to retail.</p><p><blockquote>夏尔马还青睐Yeti HoldingsYETI，-1.92%，该公司销售冷却器、“饮品”和户外设备。对于较大的股票名称，请考虑受欢迎的零售巨头TargetTGT，-0.24%，因其“一切都在一个屋檐下”的零售方式。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/6-reasons-this-is-a-fresh-multiyear-bull-market-and-6-stocks-in-the-surprising-sector-you-should-favor-11633701844?siteid=yhoof2\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/6-reasons-this-is-a-fresh-multiyear-bull-market-and-6-stocks-in-the-surprising-sector-you-should-favor-11633701844?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133780035","content_text":"Stock-market pessimism and excess consumer buying power point to retail stocks.\n\nNothing like a little October turbulence to help the market’s weak hands get in touch with their inner bears.\nBut don’t let their negativity rub off on you. We’re still near the beginning of what will be a multiyear bull market. Here are six reasons to buy stocks now, and six names to consider in one of the best sectors to own at the moment.\n1. Sentiment has gotten bearish enough\nI regularly track investor sentiment in my stock letter (details and link in bio below) to make contrarian “calls” on the market. While most of your money should be in long-term holdings, timing entries when most people are bearish gives you an edge. That is the case now. Sentiment is not extremely negative, but it fell enough this week to trigger a buy signal in my system.\nIt’s also worth pointing out that major media figures turned pretty negative this week, another good contrarian signal. (I won’t name names.) And the fact that their negativity is a bullish signal in my book doesn’t mean I think they are dense. It’s just that high-profile media commentators are consensus sponges. It’s an occupational hazard – which we can use to our advantage as investors.\nPick your favorite popular financial media talking heads, then do the opposite whenever they turn consistently negative — or positive.\n2. Seasonality is in our favor\nThe worst month for stocks is October, and the weakest days are Oct. 10 and Oct. 11. Then this bleak month is followed by the seasonally strong January-May phase when the market is bolstered by new money coming in. In between, November and December can be strong as stocks rebound from October weakness and the end of the mutual-fund tax-loss selling season. That’s finished at the end of October.\n3. COVID is rolling over\nIt’s no secret that case counts and hospitalizations are down sharply. Last year, the cold weather did not usher in a winter COVID flu season. So, it’s not too crazy to expect the same thing this year, especially given all the people who have been vaccinated or infected. Reopening will help boost the economy.\n4. A correction may have already happened\nSince the summer, the market has experienced rolling corrections in various sectors. The Russell 2000RUT,+0.14%was down over 10% in August, the definition of a correction. Cyclicals, retail, tech and so forth have all been hit. As of early October, 90% or more of S&P 500SPX,-0.05%and NasdaqCOMP,-0.28%stocks had fallen at least 10% from 2021 highs, notes Liz Ann Sonders, chief investment strategist at Charles SchwabSCHW,+1.47%.\nIn other words, while everyone was looking for a correction, it may have already happened. The market has a funny way of tricking most people most of the time, this way.\n5. There’s been strong household formation\nMillennials are finally giving up on the parents’ basement – if there was ever any truth to that cliché.\nWhat is true: They’re entering the prime age for marriage and family. Plus, the economy is booming so they feel confident enough to make the plunge into homeownership.\nThe upshot: Household formation is now at about two million per year, more than double the rate for the past five years. Home buyers have to purchase a lot of stuff to fill up those new houses. That’s a built-in economy booster.\n6. The consumer is scared, locked and loaded\nThere are at least a half-dozen natural sources of stimulus in the economy ready to drive growth whether the Fed tapers or not, points out Jim Paulsen, an economist and strategist at Leuthold Group. One is that household formation, mentioned above. Another is the low level of inventories at companies – which have to restock big time. But to me, the big one is the consumer, simply because consumer spending is the big driver of our economy.\nThe bottom line: Consumer are scared. But they have a ton of buying power to tap when their anxieties ease — perhaps as COVID continues to roll over.\nNow a little more detail.August consumer sentimentwas at the lowest level since the pandemic began, as measured by the University of Michigan index of consumer sentiment. Itnudged up in September, but it is still low.\nAt the same time, consumers have a tremendous amount of buying power. Personal savings are at about 12% of GDP. That’s twice the longer-term average of around 6%-7%, notes Paulsen. Net worth compared to income is at record highs.\nDon’t make the mistake of thinking that’s just the rich getting richer because of the stock market. Homes are up a lot too, and most people own homes. The ratio of household debt to personal income is the lowest since 1985.\n“Consumers are scared and loaded with untapped buying power,” says Paulsen. “This pessimistic mindset combined with the excess buying power has historically produced solid market gains with infrequent declines,” he says. “This ratio portrays a bull market that is still in its infancy.”\nStocks to buy\nSince the consumer is such a big part of this dynamic, I say go with retail stocks. They’ve been underperforming, which also makes them look attractive.\nMorningstar cites Bath & Body WorksBBWI,-0.74%as a retailer with a moat and trading at a discount. The body care and home fragrance retailer has a four-star rating because its stock is trading so far below Morningstar’s “fair value” estimate of $79 for the name.\nAs for the moat, analyst Jaime Katz cites the company’s strong brand, its leadership position in its space, and the 30% average return on invested capital, well above its 8% weighted average cost of capital.\nEric Marshall, a portfolio manager at the Hodges Small Cap fundHDPSX,+1.83%,likes the apparel retailer American Eagle OutfittersAEO,0.36%,which is down over 35% from highs this year. The company posted record revenue of $1.19 billion in the second quarter, up 35% year over year.\nThe core growth driver is its popular Aerie brand. Marshall thinks the company will earn over $2 a share this year, which makes American Eagle stock a bargain at around 13 times forward earnings.\nMarshall is worth listening to because he has a hot hand. His Hodges small-cap fund is up 31% this year, beating its small blend category and Russell 2000 index benchmark by 12 to 18 percentage points, according to Morningstar.\nMarshall also likes Academy Sports and OutdoorsASO,-0.91%,which sells sports and outdoor recreation goods. The pandemic was a windfall for this company because of the popularity of outdoor activities. Strong pandemic sales helped the company chip away at its high debt levels. Analysts are worried the pandemic-inspired popularity of outdoor activities will wane, but Marshall thinks the outdoor lifestyle will stay in vogue.\nWhile many retail sector investors are awed by the power of Amazon.comAMZN,0.03%and WalmartWMT,0.03%,Motley Fool retail sector analyst Asit Sharma favors niche chains that have mastered the “direct to consumer” sales model. They offer great stores and solid products, but also the mix of delivery options that shoppers want – including in-store pickup of items bought online.\n“The retail sector gets a perennial bad rap because everyone is focused on yesterday’s story, that Amazon and Walmart are taking out all physical stores,” says Sharma. But that’s not the case. Many retailers provide a mix of excellent in-store experiences and unique products that the two retail giants can’t really offer.\nHere, Sharma cites Lululemon AthleticaLULU,-0.88%.“We love the fact that the company spends on its own research and development innovation on the fabric side.” Stores give consumers a chance to check out the custom fabrics in person.\nSharma also favors Yeti HoldingsYETI,-1.92%,which sells coolers, “drinkware” and outdoor equipment. For a larger cap name, consider the popular retail giant TargetTGT,-0.24%for its “everything under one roof” approach to retail.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823777730,"gmtCreate":1633668725473,"gmtModify":1633668726115,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Already fully vested. Hope it will turn green soon.&nbsp;","listText":"Already fully vested. Hope it will turn green soon.&nbsp;","text":"Already fully vested. Hope it will turn green soon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823777730","repostId":"2173497159","repostType":4,"isVote":1,"tweetType":1,"viewCount":925,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":842365806,"gmtCreate":1636138505214,"gmtModify":1636138505933,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"All the way up?","listText":"All the way up?","text":"All the way up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/842365806","repostId":"1156595517","repostType":4,"repost":{"id":"1156595517","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636124945,"share":"https://www.laohu8.com/m/news/1156595517?lang=zh_CN&edition=full","pubTime":"2021-11-05 23:09","market":"us","language":"en","title":"Semiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156595517","media":"Tiger Newspress","summary":"Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP Semiconductors NV,Broadcom","content":"<p>Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP&nbsp;Semiconductors&nbsp;NV,Broadcom,Micron&nbsp;and&nbsp;AMD&nbsp;rose&nbsp;between 1% and 5%.</p><p><blockquote>半导体股早盘上涨。高通、英伟达、英特尔、恩智浦半导体、博通、美光和AMD涨幅在1%至5%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a5432c07e2189854dcd840a054166ac3\" tg-width=\"409\" tg-height=\"418\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</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; 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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\">\nSemiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-05 23:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP&nbsp;Semiconductors&nbsp;NV,Broadcom,Micron&nbsp;and&nbsp;AMD&nbsp;rose&nbsp;between 1% and 5%.</p><p><blockquote>半导体股早盘上涨。高通、英伟达、英特尔、恩智浦半导体、博通、美光和AMD涨幅在1%至5%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a5432c07e2189854dcd840a054166ac3\" tg-width=\"409\" tg-height=\"418\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NXPI":"恩智浦","QCOM":"高通","MICR":"Micron Solutions, Inc.","NVDA":"英伟达","AMD":"美国超微公司","INTC":"英特尔","AVGO":"博通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156595517","content_text":"Semiconductor stocks climbed in morning trading.Qualcomm,Nvidia,Intel,NXP Semiconductors NV,Broadcom,Micron and AMD rose between 1% and 5%.","news_type":1,"symbols_score_info":{"AMD":0.9,"NXPI":0.9,"INTC":0.9,"AVGO":0.9,"MICR":0.9,"NVDA":0.9,"QCOM":0.9}},"isVote":1,"tweetType":1,"viewCount":4252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":896970282,"gmtCreate":1628553701046,"gmtModify":1631893991542,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"The price for some companies dipped despite positive earnings. AMC stock price increased just because it’s loss is lower than expected. Shows the level of support by retail investors. 💪💪","listText":"The price for some companies dipped despite positive earnings. AMC stock price increased just because it’s loss is lower than expected. Shows the level of support by retail investors. 💪💪","text":"The price for some companies dipped despite positive earnings. AMC stock price increased just because it’s loss is lower than expected. Shows the level of support by retail investors. 💪💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/896970282","repostId":"1196813173","repostType":4,"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805905655,"gmtCreate":1627831144877,"gmtModify":1633756072555,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"If business fundamentals are good, at most need to wait for it to go back up.&nbsp;","listText":"If business fundamentals are good, at most need to wait for it to go back up.&nbsp;","text":"If business fundamentals are good, at most need to wait for it to go back up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/805905655","repostId":"1142925544","repostType":4,"repost":{"id":"1142925544","kind":"news","pubTimestamp":1627787240,"share":"https://www.laohu8.com/m/news/1142925544?lang=zh_CN&edition=full","pubTime":"2021-08-01 11:07","market":"us","language":"en","title":"Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142925544","media":"Barron's","summary":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970","content":"<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p><p><blockquote>“是的，现在是夏天，我一年中的这个时候，”乐队唱着20世纪70年代的金色老歌《夏天》，回忆着在海滩或烧烤时的愉快时光。没有必要提醒当时的任何人干旱、野火或新冠肺炎激增，这些都是今年潮湿季节的不幸特征。</blockquote></p><p> But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p><p><blockquote>但根据美国银行分析师斯蒂芬·萨特迈尔(Stephen Suttmeier)汇编的1928年以来的数据，8月的到来也意味着股市将进入历史上一年中最危险的时期。他发现标准普尔500指数在8月、9月和10月的平均回报率为0.03%，这是大盘股基准今年最糟糕的三个月。事实上，它们构成了唯一平均亏损的三个月期间。</blockquote></p><p> August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p><p><blockquote>他在一份研究报告中补充道，八月实际上是一年中最好和最差的月份。7月份标普500的平均回报率为1.58%，其中59.1%的时间为正，而9月份的平均回报率为负1.03%，只有不到一半的时间（即45%）出现在正栏中。</blockquote></p><p> This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p><p><blockquote>今年7月的表现甚至好于正常水平，标普500上涨了2.27%。根据道琼斯统计专家的数据，这也是该指数连续第六个月上涨，这是自2018年9月以来最长的连续上涨。在此期间，其累计预付款为18.34%。</blockquote></p><p> August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p><p><blockquote>8月份的记录介于两者之间，平均标普500回报率为0.70%，58.1%的时间为积极结果，标志着从“夏季暴跌”到“秋季暴跌”的转变。</blockquote></p><p> Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p><p><blockquote>Suttmeier发现，毫不奇怪，8月至10月期间的落后回报伴随着波动性的上升。根据1992年以来的记录，芝加哥期权交易所波动率指数(VIX)在4月至7月期间波动性相对较低后，在这几个月经常出现飙升。</blockquote></p><p> Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p><p><blockquote>过去不一定是序幕，但如果是，如果股市确实经历了典型的季节性艰难时期，Robinhood Markets（股票代码：HOOD）首次公开募股的时机可能会被证明是有利的。这家在线经纪商的假定使命是向据称被老牌机构忽视的新手开放投资，周四以38美元的价格出售了5500万股股票。在这个过程中，它为所有参与IPO的人提供了宝贵的一课：低买高卖。</blockquote></p><p> The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p><p><blockquote>该公司显然满足了后一项要求，高价出售其股票，尽管它们的定价处于预期38美元至42美元范围的低端。尽管周五有所回升，但其价格在首日交易中下跌了8.4%。截至本周末，持有Robinhood IPO的买家数量下降了7.5%。</blockquote></p><p> Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p><p><blockquote>卖出高价的人包括该公司的联合创始人、首席执行官弗拉基米尔·特涅夫(Vladimir Tenev)和首席创意官白菊·巴特(Baiju Bhatt)，他们在IPO中每人抛售了125万股。正如我杰出的前任艾伦·阿贝尔森（Alan Abelson）喜欢观察的那样，卖出股票有很多好的理由，但期望它上涨并不是其中之一。考虑到富有的所有者有能力通过廉价借贷将其资产货币化，并且无需缴纳资本利得税，这一点从未像现在这样真实。</blockquote></p><p> To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p><p><blockquote>可以肯定的是，特涅夫和巴特仍然在罗宾汉拥有大量股份。正如我们的同事Avi Salzman报道的那样，按首次发行价计算，这些股票价值25亿美元，Tenev和Bhatt保留了投票权。如果股价达到300美元，或者接近众所周知的十倍，两人还可以获得Tenev价值高达67亿美元的股票奖励，Bhatt价值40亿美元的股票奖励。</blockquote></p><p> But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p><p><blockquote>但为了打击收入不平等，这对潜在的亿万富翁夫妇象征性地减薪至34,248美元，这是美国工人的平均年薪。正如喜剧演员雅科夫·斯米尔诺夫喜欢说的：“多好的国家啊！”</blockquote></p><p> How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p><p><blockquote>这些工人的状况将成为定于本周五发布的月度就业报告的主题。</blockquote></p><p> Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p><p><blockquote>经济学家对非农就业人数的预测约为90万人。杰富瑞(Jefferies)经济学家Aneta Markowska和Thomas Simons估计，增幅可能会突破期待已久的100万大关；他们预测有120万。</blockquote></p><p> Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p><p><blockquote>Markowska和Simons认为，一些州补充失业救济金的到期将增加劳动力供应，尽管这是一个有重大争议的问题。（有关就业市场的更多信息，请参阅本周的封面故事。）</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-01 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p><p><blockquote>“是的，现在是夏天，我一年中的这个时候，”乐队唱着20世纪70年代的金色老歌《夏天》，回忆着在海滩或烧烤时的愉快时光。没有必要提醒当时的任何人干旱、野火或新冠肺炎激增，这些都是今年潮湿季节的不幸特征。</blockquote></p><p> But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p><p><blockquote>但根据美国银行分析师斯蒂芬·萨特迈尔(Stephen Suttmeier)汇编的1928年以来的数据，8月的到来也意味着股市将进入历史上一年中最危险的时期。他发现标准普尔500指数在8月、9月和10月的平均回报率为0.03%，这是大盘股基准今年最糟糕的三个月。事实上，它们构成了唯一平均亏损的三个月期间。</blockquote></p><p> August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p><p><blockquote>他在一份研究报告中补充道，八月实际上是一年中最好和最差的月份。7月份标普500的平均回报率为1.58%，其中59.1%的时间为正，而9月份的平均回报率为负1.03%，只有不到一半的时间（即45%）出现在正栏中。</blockquote></p><p> This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p><p><blockquote>今年7月的表现甚至好于正常水平，标普500上涨了2.27%。根据道琼斯统计专家的数据，这也是该指数连续第六个月上涨，这是自2018年9月以来最长的连续上涨。在此期间，其累计预付款为18.34%。</blockquote></p><p> August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p><p><blockquote>8月份的记录介于两者之间，平均标普500回报率为0.70%，58.1%的时间为积极结果，标志着从“夏季暴跌”到“秋季暴跌”的转变。</blockquote></p><p> Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p><p><blockquote>Suttmeier发现，毫不奇怪，8月至10月期间的落后回报伴随着波动性的上升。根据1992年以来的记录，芝加哥期权交易所波动率指数(VIX)在4月至7月期间波动性相对较低后，在这几个月经常出现飙升。</blockquote></p><p> Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p><p><blockquote>过去不一定是序幕，但如果是，如果股市确实经历了典型的季节性艰难时期，Robinhood Markets（股票代码：HOOD）首次公开募股的时机可能会被证明是有利的。这家在线经纪商的假定使命是向据称被老牌机构忽视的新手开放投资，周四以38美元的价格出售了5500万股股票。在这个过程中，它为所有参与IPO的人提供了宝贵的一课：低买高卖。</blockquote></p><p> The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p><p><blockquote>该公司显然满足了后一项要求，高价出售其股票，尽管它们的定价处于预期38美元至42美元范围的低端。尽管周五有所回升，但其价格在首日交易中下跌了8.4%。截至本周末，持有Robinhood IPO的买家数量下降了7.5%。</blockquote></p><p> Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p><p><blockquote>卖出高价的人包括该公司的联合创始人、首席执行官弗拉基米尔·特涅夫(Vladimir Tenev)和首席创意官白菊·巴特(Baiju Bhatt)，他们在IPO中每人抛售了125万股。正如我杰出的前任艾伦·阿贝尔森（Alan Abelson）喜欢观察的那样，卖出股票有很多好的理由，但期望它上涨并不是其中之一。考虑到富有的所有者有能力通过廉价借贷将其资产货币化，并且无需缴纳资本利得税，这一点从未像现在这样真实。</blockquote></p><p> To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p><p><blockquote>可以肯定的是，特涅夫和巴特仍然在罗宾汉拥有大量股份。正如我们的同事Avi Salzman报道的那样，按首次发行价计算，这些股票价值25亿美元，Tenev和Bhatt保留了投票权。如果股价达到300美元，或者接近众所周知的十倍，两人还可以获得Tenev价值高达67亿美元的股票奖励，Bhatt价值40亿美元的股票奖励。</blockquote></p><p> But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p><p><blockquote>但为了打击收入不平等，这对潜在的亿万富翁夫妇象征性地减薪至34,248美元，这是美国工人的平均年薪。正如喜剧演员雅科夫·斯米尔诺夫喜欢说的：“多好的国家啊！”</blockquote></p><p> How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p><p><blockquote>这些工人的状况将成为定于本周五发布的月度就业报告的主题。</blockquote></p><p> Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p><p><blockquote>经济学家对非农就业人数的预测约为90万人。杰富瑞(Jefferies)经济学家Aneta Markowska和Thomas Simons估计，增幅可能会突破期待已久的100万大关；他们预测有120万。</blockquote></p><p> Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p><p><blockquote>Markowska和Simons认为，一些州补充失业救济金的到期将增加劳动力供应，尽管这是一个有重大争议的问题。（有关就业市场的更多信息，请参阅本周的封面故事。）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142925544","content_text":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.\nBut the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.\nAugust actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.\nThis July did even better than the norm, with the S&P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.\nAugust’s record is in between, with an average 0.70% S&P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”\nNot surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.\nPast isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.\nThe company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.\nAmong those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.\nTo be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.\nBut in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”\nHow those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.\nEconomists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.\nMarkowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130449669,"gmtCreate":1621562846251,"gmtModify":1634188067162,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Wow the market is really volatile recently. Like a rollercoaster ride. [Sweats]&nbsp;","listText":"Wow the market is really volatile recently. Like a rollercoaster ride. [Sweats]&nbsp;","text":"Wow the market is really volatile recently. Like a rollercoaster ride. [Sweats]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/130449669","repostId":"2137763179","repostType":4,"isVote":1,"tweetType":1,"viewCount":499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881411097,"gmtCreate":1631375364919,"gmtModify":1631889337743,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"There are&nbsp;always opportunities in the market.","listText":"There are&nbsp;always opportunities in the market.","text":"There are always opportunities in the market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/881411097","repostId":"1105074635","repostType":4,"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816069185,"gmtCreate":1630455792447,"gmtModify":1631883819481,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Is Zoom attractively priced now or on its way down?[Doubt]&nbsp;","listText":"Is Zoom attractively priced now or on its way down?[Doubt]&nbsp;","text":"Is Zoom attractively priced now or on its way down?[Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/816069185","repostId":"2164869989","repostType":4,"isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818906876,"gmtCreate":1630368921495,"gmtModify":1704959146075,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"The stock price very strong so far","listText":"The stock price very strong so far","text":"The stock price very strong so far","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/818906876","repostId":"2163588460","repostType":4,"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880207144,"gmtCreate":1631058611288,"gmtModify":1631889337756,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Beating estimates for not guarantee increase of share price. Look at UIPath. Their RPA solution isgood though.","listText":"Beating estimates for not guarantee increase of share price. Look at UIPath. Their RPA solution isgood though.","text":"Beating estimates for not guarantee increase of share price. Look at UIPath. Their RPA solution isgood though.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/880207144","repostId":"2165685413","repostType":4,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146102983,"gmtCreate":1626056766942,"gmtModify":1633930568277,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Real rebound or temp rebound? Care to share your views? [Doubt]&nbsp;","listText":"Real rebound or temp rebound? Care to share your views? [Doubt]&nbsp;","text":"Real rebound or temp rebound? Care to share your views? [Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/146102983","repostId":"1156003112","repostType":4,"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":864779016,"gmtCreate":1633155477767,"gmtModify":1633155505401,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"More to come please😃","listText":"More to come please😃","text":"More to come please😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/864779016","repostId":"2172631966","repostType":4,"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":171264741,"gmtCreate":1626746771283,"gmtModify":1633771442569,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Confusing times","listText":"Confusing times","text":"Confusing times","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171264741","repostId":"2152652683","repostType":4,"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155371994,"gmtCreate":1625381172918,"gmtModify":1633941053832,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"I also hope it will fly.","listText":"I also hope it will fly.","text":"I also hope it will fly.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/155371994","repostId":"1146176335","repostType":4,"repost":{"id":"1146176335","kind":"news","pubTimestamp":1625277627,"share":"https://www.laohu8.com/m/news/1146176335?lang=zh_CN&edition=full","pubTime":"2021-07-03 10:00","market":"us","language":"en","title":"Can Alibaba Turn Around Its Woes in the Second Half of 2021?<blockquote>阿里巴巴-SW能否在2021年下半年扭转颓势？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146176335","media":"The Street","summary":"Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?Alibaba  -Get Report has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.Howeve","content":"<p>  Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?  Alibaba&nbsp;(<b>BABA</b>) -Get Report&nbsp;has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.</p><p><blockquote>与大型股和超大型股同行相比，阿里巴巴-SW一直严重落后。这种情况会在2021年下半年改变吗？阿里巴巴-SW(<b>巴巴</b>）-今年到目前为止，Get报告一直是一只狗。该股在2020年第四季度一直交易良好，但随后一系列问题重创了该股。</blockquote></p><p> Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.</p><p><blockquote>监管机构扰乱了蚂蚁金服的首次公开募股，然后深入调查了阿里巴巴-SW并加大了力度。</blockquote></p><p> Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.</p><p><blockquote>投资者不喜欢监管问题，尤其是当我们与中国监管机构打交道时。</blockquote></p><p> However, in April, Alibaba paid a smaller-than-expectedbut still record fine, hoping to puts its regulatory issues behind it. Still, the stock hasn’t responded the way bulls were hoping.</p><p><blockquote>然而，四月份，阿里巴巴-SW支付了低于预期但仍创历史新高的罚款，希望将监管问题抛在脑后。尽管如此，该股的反应并没有像多头希望的那样。</blockquote></p><p> All of this comes as the S&amp;P 500 and Nasdaq continue to grind outnew all-time highs.</p><p><blockquote>所有这一切都发生在标普500和纳斯达克继续超越历史新高之际。</blockquote></p><p> It also comes as FAANG stocks continue to trade incredibly well. Alphabet&nbsp;(<b>GOOGL</b>) -Get Reportis the top performerwith a near-40% gain in the first half of the year, while Netflix&nbsp;(<b>NFLX</b>) -Get Report&nbsp;is the worst, with a 2.3% drop.</p><p><blockquote>与此同时，FAANG股票的交易继续非常好。Alphabet(<b>GOOGL</b>)-Get Reportis是表现最好的公司，上半年涨幅接近40%，而Netflix(<b>NFLX</b>）-Get报告最差，下降了2.3%。</blockquote></p><p> Alibaba has a similar first-half performance, down 2.6%. However, it’s doing far worse from the highs, down more than 30%.</p><p><blockquote>阿里巴巴-SW上半年表现类似，下跌2.6%。然而，它的表现比高点差得多，下跌了30%以上。</blockquote></p><p> Can it turn around its woes in the second half and start rallying higher?</p><p><blockquote>它能否在下半年扭转困境并开始反弹？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9975f383919ff8cfc34fca49a32d8e8f\" tg-width=\"700\" tg-height=\"494\"></p><p><blockquote></blockquote></p><p> Call me a hopeless optimist, but I feel that Alibaba can have a solid second-half performance.</p><p><blockquote>看涨期权我是一个无可救药的乐观主义者，但我觉得阿里巴巴-SW下半场可以有稳定的表现。</blockquote></p><p> The overall market has done too well and so has large-cap tech. The fundamentals of the business are intact and growth is strong. It’s like Amazon&nbsp;(<b>AMZN</b>) -Get Report.Eventually, it will perform better&nbsp;- it’s a question of “when” and not “if.”</p><p><blockquote>整体市场表现太好了，大型科技股也是如此。业务基本面完好，增长强劲。就像亚马逊（<b>AMZN</b>)-获取报告。最终，它会表现得更好——这是一个“何时”而不是“如果”的问题。</blockquote></p><p> Shares continue to hold the $210 to $212 area and have recently cleared downtrend resistance (blue line). That said, there’s plenty of overhead hurdles.</p><p><blockquote>股价继续守住210美元至212美元区域，最近已清除下行阻力（蓝线）。也就是说，还有很多障碍。</blockquote></p><p> Specifically, Alibaba stock is struggling with the 21-week moving average, as well as the 21-month and 10-month moving averages.</p><p><blockquote>具体来说，阿里巴巴-SW股票在21周移动平均线以及21个月和10个月移动平均线上苦苦挣扎。</blockquote></p><p> Let’s be clear: There are not a lot of bullish technical components here. If Alibaba stock could hold the 10-week moving average on this week’s dip, I’d feel better about it.</p><p><blockquote>让我们明确一点：这里没有很多看涨的技术成分。如果阿里巴巴-SW股票能够在本周下跌时守住10周移动平均线，我会感觉更好。</blockquote></p><p> However, as long as it can hold up over the $210 level and really, the 200-week moving average, I feel okay about Alibaba going into the next six months.</p><p><blockquote>然而，只要它能够保持在210美元水平和200周移动平均线以上，我对阿里巴巴-SW进入未来六个月感到满意。</blockquote></p><p> A push over $235 - thus putting it over all of the moving average hurdles mentioned above - could open up a run to $250, then $263. Above $275 and $300 is in play.</p><p><blockquote>突破235美元——从而突破上述所有移动平均线障碍——可能会上涨至250美元，然后是263美元。275美元以上和300美元正在发挥作用。</blockquote></p><p> Keep the risk in mind but this could be a solid second-half rebound play.</p><p><blockquote>请记住风险，但这可能是一场稳固的下半场反弹。</blockquote></p><p></p>","source":"lsy1610613172068","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>Can Alibaba Turn Around Its Woes in the Second Half of 2021?<blockquote>阿里巴巴-SW能否在2021年下半年扭转颓势？</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\">\nCan Alibaba Turn Around Its Woes in the Second Half of 2021?<blockquote>阿里巴巴-SW能否在2021年下半年扭转颓势？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-03 10:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?  Alibaba&nbsp;(<b>BABA</b>) -Get Report&nbsp;has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.</p><p><blockquote>与大型股和超大型股同行相比，阿里巴巴-SW一直严重落后。这种情况会在2021年下半年改变吗？阿里巴巴-SW(<b>巴巴</b>）-今年到目前为止，Get报告一直是一只狗。该股在2020年第四季度一直交易良好，但随后一系列问题重创了该股。</blockquote></p><p> Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.</p><p><blockquote>监管机构扰乱了蚂蚁金服的首次公开募股，然后深入调查了阿里巴巴-SW并加大了力度。</blockquote></p><p> Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.</p><p><blockquote>投资者不喜欢监管问题，尤其是当我们与中国监管机构打交道时。</blockquote></p><p> However, in April, Alibaba paid a smaller-than-expectedbut still record fine, hoping to puts its regulatory issues behind it. Still, the stock hasn’t responded the way bulls were hoping.</p><p><blockquote>然而，四月份，阿里巴巴-SW支付了低于预期但仍创历史新高的罚款，希望将监管问题抛在脑后。尽管如此，该股的反应并没有像多头希望的那样。</blockquote></p><p> All of this comes as the S&amp;P 500 and Nasdaq continue to grind outnew all-time highs.</p><p><blockquote>所有这一切都发生在标普500和纳斯达克继续超越历史新高之际。</blockquote></p><p> It also comes as FAANG stocks continue to trade incredibly well. Alphabet&nbsp;(<b>GOOGL</b>) -Get Reportis the top performerwith a near-40% gain in the first half of the year, while Netflix&nbsp;(<b>NFLX</b>) -Get Report&nbsp;is the worst, with a 2.3% drop.</p><p><blockquote>与此同时，FAANG股票的交易继续非常好。Alphabet(<b>GOOGL</b>)-Get Reportis是表现最好的公司，上半年涨幅接近40%，而Netflix(<b>NFLX</b>）-Get报告最差，下降了2.3%。</blockquote></p><p> Alibaba has a similar first-half performance, down 2.6%. However, it’s doing far worse from the highs, down more than 30%.</p><p><blockquote>阿里巴巴-SW上半年表现类似，下跌2.6%。然而，它的表现比高点差得多，下跌了30%以上。</blockquote></p><p> Can it turn around its woes in the second half and start rallying higher?</p><p><blockquote>它能否在下半年扭转困境并开始反弹？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9975f383919ff8cfc34fca49a32d8e8f\" tg-width=\"700\" tg-height=\"494\"></p><p><blockquote></blockquote></p><p> Call me a hopeless optimist, but I feel that Alibaba can have a solid second-half performance.</p><p><blockquote>看涨期权我是一个无可救药的乐观主义者，但我觉得阿里巴巴-SW下半场可以有稳定的表现。</blockquote></p><p> The overall market has done too well and so has large-cap tech. The fundamentals of the business are intact and growth is strong. It’s like Amazon&nbsp;(<b>AMZN</b>) -Get Report.Eventually, it will perform better&nbsp;- it’s a question of “when” and not “if.”</p><p><blockquote>整体市场表现太好了，大型科技股也是如此。业务基本面完好，增长强劲。就像亚马逊（<b>AMZN</b>)-获取报告。最终，它会表现得更好——这是一个“何时”而不是“如果”的问题。</blockquote></p><p> Shares continue to hold the $210 to $212 area and have recently cleared downtrend resistance (blue line). That said, there’s plenty of overhead hurdles.</p><p><blockquote>股价继续守住210美元至212美元区域，最近已清除下行阻力（蓝线）。也就是说，还有很多障碍。</blockquote></p><p> Specifically, Alibaba stock is struggling with the 21-week moving average, as well as the 21-month and 10-month moving averages.</p><p><blockquote>具体来说，阿里巴巴-SW股票在21周移动平均线以及21个月和10个月移动平均线上苦苦挣扎。</blockquote></p><p> Let’s be clear: There are not a lot of bullish technical components here. If Alibaba stock could hold the 10-week moving average on this week’s dip, I’d feel better about it.</p><p><blockquote>让我们明确一点：这里没有很多看涨的技术成分。如果阿里巴巴-SW股票能够在本周下跌时守住10周移动平均线，我会感觉更好。</blockquote></p><p> However, as long as it can hold up over the $210 level and really, the 200-week moving average, I feel okay about Alibaba going into the next six months.</p><p><blockquote>然而，只要它能够保持在210美元水平和200周移动平均线以上，我对阿里巴巴-SW进入未来六个月感到满意。</blockquote></p><p> A push over $235 - thus putting it over all of the moving average hurdles mentioned above - could open up a run to $250, then $263. Above $275 and $300 is in play.</p><p><blockquote>突破235美元——从而突破上述所有移动平均线障碍——可能会上涨至250美元，然后是263美元。275美元以上和300美元正在发挥作用。</blockquote></p><p> Keep the risk in mind but this could be a solid second-half rebound play.</p><p><blockquote>请记住风险，但这可能是一场稳固的下半场反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/alibaba-baba-stock-second-half-2021-trading?puc=yahoo&cm_ven=YAHOO\">The Street</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":{"BABA":"阿里巴巴","09618":"京东集团-SW"},"source_url":"https://www.thestreet.com/investing/alibaba-baba-stock-second-half-2021-trading?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146176335","content_text":"Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?\n\nAlibaba (BABA) -Get Report has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.\nRegulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.\nInvestors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.\nHowever, in April, Alibaba paid a smaller-than-expectedbut still record fine, hoping to puts its regulatory issues behind it. Still, the stock hasn’t responded the way bulls were hoping.\nAll of this comes as the S&P 500 and Nasdaq continue to grind outnew all-time highs.\nIt also comes as FAANG stocks continue to trade incredibly well. Alphabet (GOOGL) -Get Reportis the top performerwith a near-40% gain in the first half of the year, while Netflix (NFLX) -Get Report is the worst, with a 2.3% drop.\nAlibaba has a similar first-half performance, down 2.6%. However, it’s doing far worse from the highs, down more than 30%.\nCan it turn around its woes in the second half and start rallying higher?\n\nCall me a hopeless optimist, but I feel that Alibaba can have a solid second-half performance.\nThe overall market has done too well and so has large-cap tech. The fundamentals of the business are intact and growth is strong. It’s like Amazon (AMZN) -Get Report.Eventually, it will perform better - it’s a question of “when” and not “if.”\nShares continue to hold the $210 to $212 area and have recently cleared downtrend resistance (blue line). That said, there’s plenty of overhead hurdles.\nSpecifically, Alibaba stock is struggling with the 21-week moving average, as well as the 21-month and 10-month moving averages.\nLet’s be clear: There are not a lot of bullish technical components here. If Alibaba stock could hold the 10-week moving average on this week’s dip, I’d feel better about it.\nHowever, as long as it can hold up over the $210 level and really, the 200-week moving average, I feel okay about Alibaba going into the next six months.\nA push over $235 - thus putting it over all of the moving average hurdles mentioned above - could open up a run to $250, then $263. Above $275 and $300 is in play.\nKeep the risk in mind but this could be a solid second-half rebound play.","news_type":1,"symbols_score_info":{"09618":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119901052,"gmtCreate":1622511249876,"gmtModify":1634100964790,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Already rise so much, still a good buy?🤔","listText":"Already rise so much, still a good buy?🤔","text":"Already rise so much, still a good buy?🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/119901052","repostId":"1198238262","repostType":2,"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165023026,"gmtCreate":1624082289565,"gmtModify":1634010891460,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Gonna average down on commodity if it dip significantly&nbsp;","listText":"Gonna average down on commodity if it dip significantly&nbsp;","text":"Gonna average down on commodity if it dip significantly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/165023026","repostId":"1156696708","repostType":4,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105377198,"gmtCreate":1620274702214,"gmtModify":1634206448078,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Good buy?","listText":"Good buy?","text":"Good buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/105377198","repostId":"1150873978","repostType":4,"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":847869712,"gmtCreate":1636506828178,"gmtModify":1636506828844,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"When will STI hit $3.50?&nbsp;","listText":"When will STI hit $3.50?&nbsp;","text":"When will STI hit $3.50?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847869712","repostId":"1179672442","repostType":4,"isVote":1,"tweetType":1,"viewCount":2222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":837074124,"gmtCreate":1629850584868,"gmtModify":1631891438503,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"themes":[],"htmlText":"Is MU a good buy?","listText":"Is MU a good buy?","text":"Is MU a good buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/837074124","repostId":"1136078272","repostType":4,"repost":{"id":"1136078272","kind":"news","pubTimestamp":1629797703,"share":"https://www.laohu8.com/m/news/1136078272?lang=zh_CN&edition=full","pubTime":"2021-08-24 17:35","market":"us","language":"en","title":"Here Are the 10 Cheapest Stocks in the S&P 500<blockquote>以下是标普500中最便宜的10只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136078272","media":"Barrons","summary":"There are still plenty of cheap stocks, even with the major indexes near record highs.\nBarron’s scre","content":"<p>There are still plenty of cheap stocks, even with the major indexes near record highs.</p><p><blockquote>即使主要股指接近历史新高，仍然有大量廉价股票。</blockquote></p><p> Barron’s screened the S&amp;P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.</p><p><blockquote>《巴伦周刊》根据FactSet数据筛选了标普500指数，并利用2022年利润预测确定了市盈率最低的10只股票。</blockquote></p><p> The 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and&nbsp;Western Digital(WDC), chemical producer&nbsp;LyondellBasell Industries(LYB), and life insurer&nbsp;Lincoln National(LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.</p><p><blockquote>成本最低的10家公司包括存储芯片制造商美光科技（股票代码：MU）和西部数据（WDC）、化学品生产商利安德巴塞尔工业公司（LYB）和人寿保险公司林肯国民公司（LNC）。10家公司中有9家的市盈率低于6。利安德的市盈率是该集团中最高的，为2022年预期市盈率的6.5倍。</blockquote></p><p> The other six stocks are drugmakers&nbsp;Viatris(VTRS) and&nbsp;Organon(OGN); oil and gas producers&nbsp;Diamondback Energy(FANG) and&nbsp;APA(APA), formerly Apache; home builder&nbsp;PulteGroup(PHM), and insurer&nbsp;Unum(UNM).</p><p><blockquote>其他六只股票是制药商Viatris(VTRS)和Organon(OGN)；石油和天然气生产商Diamondback Energy(FANG)和APA(APA)，前身为阿帕奇；房屋建筑商PulteGroup(PHM)和保险公司Unum(UNM)。</blockquote></p><p> Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.</p><p><blockquote>其中一些股票在过去一年中大幅上涨，包括Diamondback、Micron和Lincoln National，但从盈利来看，所有股票都仍然很便宜。</blockquote></p><p> <b>10 in the Bargain Bin</b></p><p><blockquote><b>10在便宜货箱里</b></blockquote></p><p> Here are the 10 stocks in the S&amp;P 500 with the lowest price-to-earnings ratios.</p><p><blockquote>以下是标普500市盈率最低的10只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>Market Value (bil)</th>    <th>1-Yr Price Change</th>    <th>2022E* P/E Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Viatris / VTRS</td>    <td>$14.82</td>    <td>$17.9</td>    <td>-10.8%</td>    <td>3.9</td>   </tr>   <tr>    <td>Unum Group / UNM</td>    <td>26.14</td>    <td>5.3</td>    <td>38.8</td>    <td>4.8</td>   </tr>   <tr>    <td>Diamondback Energy / FANG</td>    <td>69.80</td>    <td>12.6</td>    <td>56.8</td>    <td>5.2</td>   </tr>   <tr>    <td>Western Digital / WDC</td>    <td>61.07</td>    <td>18.7</td>    <td>73.0</td>    <td>5.5</td>   </tr>   <tr>    <td>APA / APA</td>    <td>16.68</td>    <td>6.3</td>    <td>4.3</td>    <td>5.6</td>   </tr>   <tr>    <td>PulteGroup / PHM</td>    <td>52.43</td>    <td>13.6</td>    <td>12.1</td>    <td>5.6</td>   </tr>   <tr>    <td>Organon / OGN</td>    <td>33.61</td>    <td>8.5</td>    <td>N/A</td>    <td>5.7</td>   </tr>   <tr>    <td>Lincoln National / LNC</td>    <td>66.87</td>    <td>12.5</td>    <td>79.6</td>    <td>5.8</td>   </tr>   <tr>    <td>Micron Technology / MU</td>    <td>70.60</td>    <td>79.5</td>    <td>59.6</td>    <td>5.9</td>   </tr>   <tr>    <td>LyondellBasell Industries / LYB</td>    <td>100.36</td>    <td>33.5</td>    <td>43.8</td>    <td>6.5</td>   </tr>  </tbody> </table> *P/E ratio based on calendar 2022 estimates; E=estimate; N/A=not applicable</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>市值（bil）</th><th>1年价格变化</th><th>2022年预期*市盈率</th></tr></thead><tbody><tr><td>Viatris/VTRS</td><td>$14.82</td><td>$17.9</td><td>-10.8%</td><td>3.9</td></tr><tr><td>Unum集团/UNM</td><td>26.14</td><td>5.3</td><td>38.8</td><td>4.8</td></tr><tr><td>响尾蛇能源/FANG</td><td>69.80</td><td>12.6</td><td>56.8</td><td>5.2</td></tr><tr><td>西部数据/WDC</td><td>61.07</td><td>18.7</td><td>73.0</td><td>5.5</td></tr><tr><td>什么/什么</td><td>16.68</td><td>6.3</td><td>4.3</td><td>5.6</td></tr><tr><td>PulteGroup/PHM</td><td>52.43</td><td>13.6</td><td>12.1</td><td>5.6</td></tr><tr><td>有机农/OGN</td><td>33.61</td><td>8.5</td><td>N/A</td><td>5.7</td></tr><tr><td>林肯国家/LNC</td><td>66.87</td><td>12.5</td><td>79.6</td><td>5.8</td></tr><tr><td>美光科技/MU</td><td>70.60</td><td>79.5</td><td>59.6</td><td>5.9</td></tr><tr><td>利安德巴塞尔工业/LYB</td><td>100.36</td><td>33.5</td><td>43.8</td><td>6.5</td></tr></tbody></table>*市盈率基于2022年预测；E=估计值；N/A=不适用</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Why are the stocks so inexpensive?</p><p><blockquote>为什么股票这么便宜？</blockquote></p><p> Some like Viatris and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and&nbsp;Western Digital.</p><p><blockquote>Viatris和Organon等一些公司拥有充足但可控的债务。投资者担心美光、利安德和西部数据等公司的利润可能会达到顶峰。</blockquote></p><p> These concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be “disciplined and prudent” about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock.</p><p><blockquote>这些担忧可能会为投资者创造机会。美光科技的股价约为70美元，最近开始派发小额股息，收益率为0.6%。摩根大通分析师Harlan Sur本月早些时候写道，面对强劲的需求，他预计美光及其竞争对手将在增加供应方面保持“纪律和谨慎”。他对该股给予跑赢大盘评级和140美元的目标价。</blockquote></p><p> Western Digital, at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.</p><p><blockquote>西部数据公司的股价约为61美元，是闪存的领先制造商。大摩分析师Joseph Moore对其前景持乐观态度，给予该股跑赢大盘评级，目标价88美元。他认为该股太便宜了，因为他预计明年每股收益为10美元。</blockquote></p><p> Organon, a&nbsp;Merck(MRK) spinoff that has a portfolio of off-patent drugs and a women’s health business, recently reported better-than-expected earnings. It has set an $1.12 annual dividend, for a 3.3% yield at a recent price of $33.50.</p><p><blockquote>Organon是默克(MRK)的分拆公司，拥有一系列非专利药物和女性健康业务，最近公布的盈利好于预期。它设定了1.12美元的年度股息，以最近33.50美元的价格计算，收益率为3.3%。</blockquote></p><p> Joe Cornell, the publisher of Spin-Off Research, has a Buy rating and a $45 price target on the stock. Organon has a “peer-leading” yield, he recently wrote, and potential “top-line growth and margin momentum over the medium-term.”</p><p><blockquote>Spin-Off Research出版商Joe Cornell对该股给予买入评级和45美元的目标价。他最近写道，Organon拥有“同行领先”的收益率，以及潜在的“中期营收增长和利润率势头”。</blockquote></p><p> Viatris, a generic drugmaker spun off from&nbsp;Pfizer(PFE), has the lowest P/E in the S&amp;P 500 at 3.9. Its shares recently traded below $15.</p><p><blockquote>Viatris是一家从辉瑞(PFE)分拆出来的仿制药制造商，其市盈率在标普500最低，为3.9。其股价最近交易价格低于15美元。</blockquote></p><p> J.P. Morgan analyst Chris Schott was encouraged by the company’s second-quarter earnings report, but maintained a Neutral rating as he awaits more evidence of improving financial performance after a tough 2020. The stock has a 3% yield.</p><p><blockquote>摩根大通分析师Chris Schott对该公司第二季度财报感到鼓舞，但维持中性评级，因为他等待更多证据表明在经历了艰难的2020年后财务业绩有所改善。该股票的收益率为3%。</blockquote></p><p> Energy stocks have experienced a sharp pullback since June 1 because of a drop in oil prices and a sentiment shift away from the sector.</p><p><blockquote>自6月1日以来，由于油价下跌和市场情绪远离该行业，能源股经历了大幅回调。</blockquote></p><p> Diamondback Energy, a leading exploration and production company in the Permian basin in Texas, has seen its shares drop to a recent $70 from $100. The company reported strong second-quarter results and boosted its dividend by 12.5% to an annualized $1.80 a share. The stock now yields about 2.6%.</p><p><blockquote>Diamondback Energy是德克萨斯州二叠纪盆地领先的勘探和生产公司，其股价从100美元跌至最近的70美元。该公司公布了强劲的第二季度业绩，并将股息提高了12.5%，达到年化每股1.80美元。该股目前的收益率约为2.6%。</blockquote></p><p></p><p> Like many E&amp;Ps, Diamondback has a high free-cash flow yield. J.P. Morgan analyst Arun Jayaram is upbeat on Diamondback and recently estimated its net asset value at $126 a share. APA produces oil and gas in the U.S. and overseas and offers a play on a potentially large offshore oil field off Suriname in South America. Its shares trade around $16.</p><p><blockquote>与许多勘探与生产公司一样，Diamondback拥有较高的自由现金流收益率。摩根大通分析师Arun Jayaram对Diamondback持乐观态度，最近估计其资产净值为每股126美元。APA在美国和海外生产石油和天然气，并在南美洲苏里南附近的一个潜在大型海上油田提供业务。其股价约为16美元。</blockquote></p><p> Shares of PulteGroup, one of the largest U.S. home builders, have pulled back about 20% from a spring peak, to a recent $52 amid concerns about demand and pricing power.</p><p><blockquote>由于对需求和定价能力的担忧，美国最大的住宅建筑商之一PulteGroup的股价已从春季峰值回落约20%，至最近的52美元。</blockquote></p><p> Evercore ISI analyst Stephen Kim, one of the most bullish Wall Street analysts on the sector, sees rising profitability for Pulte and peers. He has an Outperform rating on Pulte and a $93 price target. He sees about $8 a share in earnings this year and an above-consensus estimate of roughly $12 next year.</p><p><blockquote>Evercore ISI分析师Stephen Kim是华尔街对该行业最乐观的分析师之一，他认为Pulte和同行的盈利能力不断上升。他对Pulte的评级为跑赢大盘，目标价为93美元。他预计今年每股收益约为8美元，明年约为12美元，高于市场普遍预期。</blockquote></p><p> Lyondell, the world’s third-largest independent chemical company, is a major player in plastics. Its shares recently traded around $100.Its CEO, Bob Patel, recently told&nbsp;<i>Barron’s</i>&nbsp;Jack Hough: “Whether we’re at peak, and is there a moderation or a hard reset—this is at the heart of the debate today with investors. I think there is strong demand in front of us.”</p><p><blockquote>利安德是全球第三大独立化学公司，是塑料领域的主要参与者。其股价最近交易价格约为100美元。其首席执行官鲍勃·帕特尔(Bob Patel)最近告诉<i>巴伦周刊</i>Jack Hough：“我们是否正处于顶峰，是否会出现缓和或硬重置——这是今天与投资者争论的核心。我认为我们面前有强劲的需求。”</blockquote></p><p> Lincoln National, which offers life insurance, annuities, and other financial products, recently traded around $67, less than six times projected 2022 earnings and below a conservative measure of book value of $75. J.P. Morgan analyst Jimmy Bhullar likes Lincoln National, recently citing an “improving business mix” and “discount valuation.” He has an Overweight rating and a $81 price target.</p><p><blockquote>Lincoln National提供人寿保险、年金和其他金融产品，最近的交易价格约为67美元，不到2022年预计收益的六倍，也低于75美元的保守账面价值。摩根大通分析师吉米·布拉尔(Jimmy Bhullar)喜欢林肯国民(Lincoln National)，最近称其“业务组合不断改善”和“估值折扣”。他给予跑赢大盘评级和81美元的目标价。</blockquote></p><p> Unum, a provider of life and disability insurance, trades cheaply based on earnings and book value. That reflects in part concerns about its long-term care insurance reserves, which were strengthened in 2020. The stock, around $26, trades for about five times projected 2022 earnings and for half of book value.</p><p><blockquote>Unum是一家人寿和伤残保险提供商，根据收益和账面价值进行廉价交易。这在一定程度上反映了对其长期护理保险准备金的担忧，该准备金在2020年得到了加强。该股股价约为26美元，交易价格约为2022年预计收益的五倍，账面价值的一半。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the 10 Cheapest Stocks in the S&P 500<blockquote>以下是标普500中最便宜的10只股票</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\">\nHere Are the 10 Cheapest Stocks in the S&P 500<blockquote>以下是标普500中最便宜的10只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-24 17:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There are still plenty of cheap stocks, even with the major indexes near record highs.</p><p><blockquote>即使主要股指接近历史新高，仍然有大量廉价股票。</blockquote></p><p> Barron’s screened the S&amp;P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.</p><p><blockquote>《巴伦周刊》根据FactSet数据筛选了标普500指数，并利用2022年利润预测确定了市盈率最低的10只股票。</blockquote></p><p> The 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and&nbsp;Western Digital(WDC), chemical producer&nbsp;LyondellBasell Industries(LYB), and life insurer&nbsp;Lincoln National(LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.</p><p><blockquote>成本最低的10家公司包括存储芯片制造商美光科技（股票代码：MU）和西部数据（WDC）、化学品生产商利安德巴塞尔工业公司（LYB）和人寿保险公司林肯国民公司（LNC）。10家公司中有9家的市盈率低于6。利安德的市盈率是该集团中最高的，为2022年预期市盈率的6.5倍。</blockquote></p><p> The other six stocks are drugmakers&nbsp;Viatris(VTRS) and&nbsp;Organon(OGN); oil and gas producers&nbsp;Diamondback Energy(FANG) and&nbsp;APA(APA), formerly Apache; home builder&nbsp;PulteGroup(PHM), and insurer&nbsp;Unum(UNM).</p><p><blockquote>其他六只股票是制药商Viatris(VTRS)和Organon(OGN)；石油和天然气生产商Diamondback Energy(FANG)和APA(APA)，前身为阿帕奇；房屋建筑商PulteGroup(PHM)和保险公司Unum(UNM)。</blockquote></p><p> Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.</p><p><blockquote>其中一些股票在过去一年中大幅上涨，包括Diamondback、Micron和Lincoln National，但从盈利来看，所有股票都仍然很便宜。</blockquote></p><p> <b>10 in the Bargain Bin</b></p><p><blockquote><b>10在便宜货箱里</b></blockquote></p><p> Here are the 10 stocks in the S&amp;P 500 with the lowest price-to-earnings ratios.</p><p><blockquote>以下是标普500市盈率最低的10只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>Market Value (bil)</th>    <th>1-Yr Price Change</th>    <th>2022E* P/E Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Viatris / VTRS</td>    <td>$14.82</td>    <td>$17.9</td>    <td>-10.8%</td>    <td>3.9</td>   </tr>   <tr>    <td>Unum Group / UNM</td>    <td>26.14</td>    <td>5.3</td>    <td>38.8</td>    <td>4.8</td>   </tr>   <tr>    <td>Diamondback Energy / FANG</td>    <td>69.80</td>    <td>12.6</td>    <td>56.8</td>    <td>5.2</td>   </tr>   <tr>    <td>Western Digital / WDC</td>    <td>61.07</td>    <td>18.7</td>    <td>73.0</td>    <td>5.5</td>   </tr>   <tr>    <td>APA / APA</td>    <td>16.68</td>    <td>6.3</td>    <td>4.3</td>    <td>5.6</td>   </tr>   <tr>    <td>PulteGroup / PHM</td>    <td>52.43</td>    <td>13.6</td>    <td>12.1</td>    <td>5.6</td>   </tr>   <tr>    <td>Organon / OGN</td>    <td>33.61</td>    <td>8.5</td>    <td>N/A</td>    <td>5.7</td>   </tr>   <tr>    <td>Lincoln National / LNC</td>    <td>66.87</td>    <td>12.5</td>    <td>79.6</td>    <td>5.8</td>   </tr>   <tr>    <td>Micron Technology / MU</td>    <td>70.60</td>    <td>79.5</td>    <td>59.6</td>    <td>5.9</td>   </tr>   <tr>    <td>LyondellBasell Industries / LYB</td>    <td>100.36</td>    <td>33.5</td>    <td>43.8</td>    <td>6.5</td>   </tr>  </tbody> </table> *P/E ratio based on calendar 2022 estimates; E=estimate; N/A=not applicable</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>市值（bil）</th><th>1年价格变化</th><th>2022年预期*市盈率</th></tr></thead><tbody><tr><td>Viatris/VTRS</td><td>$14.82</td><td>$17.9</td><td>-10.8%</td><td>3.9</td></tr><tr><td>Unum集团/UNM</td><td>26.14</td><td>5.3</td><td>38.8</td><td>4.8</td></tr><tr><td>响尾蛇能源/FANG</td><td>69.80</td><td>12.6</td><td>56.8</td><td>5.2</td></tr><tr><td>西部数据/WDC</td><td>61.07</td><td>18.7</td><td>73.0</td><td>5.5</td></tr><tr><td>什么/什么</td><td>16.68</td><td>6.3</td><td>4.3</td><td>5.6</td></tr><tr><td>PulteGroup/PHM</td><td>52.43</td><td>13.6</td><td>12.1</td><td>5.6</td></tr><tr><td>有机农/OGN</td><td>33.61</td><td>8.5</td><td>N/A</td><td>5.7</td></tr><tr><td>林肯国家/LNC</td><td>66.87</td><td>12.5</td><td>79.6</td><td>5.8</td></tr><tr><td>美光科技/MU</td><td>70.60</td><td>79.5</td><td>59.6</td><td>5.9</td></tr><tr><td>利安德巴塞尔工业/LYB</td><td>100.36</td><td>33.5</td><td>43.8</td><td>6.5</td></tr></tbody></table>*市盈率基于2022年预测；E=估计值；N/A=不适用</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Why are the stocks so inexpensive?</p><p><blockquote>为什么股票这么便宜？</blockquote></p><p> Some like Viatris and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and&nbsp;Western Digital.</p><p><blockquote>Viatris和Organon等一些公司拥有充足但可控的债务。投资者担心美光、利安德和西部数据等公司的利润可能会达到顶峰。</blockquote></p><p> These concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be “disciplined and prudent” about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock.</p><p><blockquote>这些担忧可能会为投资者创造机会。美光科技的股价约为70美元，最近开始派发小额股息，收益率为0.6%。摩根大通分析师Harlan Sur本月早些时候写道，面对强劲的需求，他预计美光及其竞争对手将在增加供应方面保持“纪律和谨慎”。他对该股给予跑赢大盘评级和140美元的目标价。</blockquote></p><p> Western Digital, at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.</p><p><blockquote>西部数据公司的股价约为61美元，是闪存的领先制造商。大摩分析师Joseph Moore对其前景持乐观态度，给予该股跑赢大盘评级，目标价88美元。他认为该股太便宜了，因为他预计明年每股收益为10美元。</blockquote></p><p> Organon, a&nbsp;Merck(MRK) spinoff that has a portfolio of off-patent drugs and a women’s health business, recently reported better-than-expected earnings. It has set an $1.12 annual dividend, for a 3.3% yield at a recent price of $33.50.</p><p><blockquote>Organon是默克(MRK)的分拆公司，拥有一系列非专利药物和女性健康业务，最近公布的盈利好于预期。它设定了1.12美元的年度股息，以最近33.50美元的价格计算，收益率为3.3%。</blockquote></p><p> Joe Cornell, the publisher of Spin-Off Research, has a Buy rating and a $45 price target on the stock. Organon has a “peer-leading” yield, he recently wrote, and potential “top-line growth and margin momentum over the medium-term.”</p><p><blockquote>Spin-Off Research出版商Joe Cornell对该股给予买入评级和45美元的目标价。他最近写道，Organon拥有“同行领先”的收益率，以及潜在的“中期营收增长和利润率势头”。</blockquote></p><p> Viatris, a generic drugmaker spun off from&nbsp;Pfizer(PFE), has the lowest P/E in the S&amp;P 500 at 3.9. Its shares recently traded below $15.</p><p><blockquote>Viatris是一家从辉瑞(PFE)分拆出来的仿制药制造商，其市盈率在标普500最低，为3.9。其股价最近交易价格低于15美元。</blockquote></p><p> J.P. Morgan analyst Chris Schott was encouraged by the company’s second-quarter earnings report, but maintained a Neutral rating as he awaits more evidence of improving financial performance after a tough 2020. The stock has a 3% yield.</p><p><blockquote>摩根大通分析师Chris Schott对该公司第二季度财报感到鼓舞，但维持中性评级，因为他等待更多证据表明在经历了艰难的2020年后财务业绩有所改善。该股票的收益率为3%。</blockquote></p><p> Energy stocks have experienced a sharp pullback since June 1 because of a drop in oil prices and a sentiment shift away from the sector.</p><p><blockquote>自6月1日以来，由于油价下跌和市场情绪远离该行业，能源股经历了大幅回调。</blockquote></p><p> Diamondback Energy, a leading exploration and production company in the Permian basin in Texas, has seen its shares drop to a recent $70 from $100. The company reported strong second-quarter results and boosted its dividend by 12.5% to an annualized $1.80 a share. The stock now yields about 2.6%.</p><p><blockquote>Diamondback Energy是德克萨斯州二叠纪盆地领先的勘探和生产公司，其股价从100美元跌至最近的70美元。该公司公布了强劲的第二季度业绩，并将股息提高了12.5%，达到年化每股1.80美元。该股目前的收益率约为2.6%。</blockquote></p><p></p><p> Like many E&amp;Ps, Diamondback has a high free-cash flow yield. J.P. Morgan analyst Arun Jayaram is upbeat on Diamondback and recently estimated its net asset value at $126 a share. APA produces oil and gas in the U.S. and overseas and offers a play on a potentially large offshore oil field off Suriname in South America. Its shares trade around $16.</p><p><blockquote>与许多勘探与生产公司一样，Diamondback拥有较高的自由现金流收益率。摩根大通分析师Arun Jayaram对Diamondback持乐观态度，最近估计其资产净值为每股126美元。APA在美国和海外生产石油和天然气，并在南美洲苏里南附近的一个潜在大型海上油田提供业务。其股价约为16美元。</blockquote></p><p> Shares of PulteGroup, one of the largest U.S. home builders, have pulled back about 20% from a spring peak, to a recent $52 amid concerns about demand and pricing power.</p><p><blockquote>由于对需求和定价能力的担忧，美国最大的住宅建筑商之一PulteGroup的股价已从春季峰值回落约20%，至最近的52美元。</blockquote></p><p> Evercore ISI analyst Stephen Kim, one of the most bullish Wall Street analysts on the sector, sees rising profitability for Pulte and peers. He has an Outperform rating on Pulte and a $93 price target. He sees about $8 a share in earnings this year and an above-consensus estimate of roughly $12 next year.</p><p><blockquote>Evercore ISI分析师Stephen Kim是华尔街对该行业最乐观的分析师之一，他认为Pulte和同行的盈利能力不断上升。他对Pulte的评级为跑赢大盘，目标价为93美元。他预计今年每股收益约为8美元，明年约为12美元，高于市场普遍预期。</blockquote></p><p> Lyondell, the world’s third-largest independent chemical company, is a major player in plastics. Its shares recently traded around $100.Its CEO, Bob Patel, recently told&nbsp;<i>Barron’s</i>&nbsp;Jack Hough: “Whether we’re at peak, and is there a moderation or a hard reset—this is at the heart of the debate today with investors. I think there is strong demand in front of us.”</p><p><blockquote>利安德是全球第三大独立化学公司，是塑料领域的主要参与者。其股价最近交易价格约为100美元。其首席执行官鲍勃·帕特尔(Bob Patel)最近告诉<i>巴伦周刊</i>Jack Hough：“我们是否正处于顶峰，是否会出现缓和或硬重置——这是今天与投资者争论的核心。我认为我们面前有强劲的需求。”</blockquote></p><p> Lincoln National, which offers life insurance, annuities, and other financial products, recently traded around $67, less than six times projected 2022 earnings and below a conservative measure of book value of $75. J.P. Morgan analyst Jimmy Bhullar likes Lincoln National, recently citing an “improving business mix” and “discount valuation.” He has an Overweight rating and a $81 price target.</p><p><blockquote>Lincoln National提供人寿保险、年金和其他金融产品，最近的交易价格约为67美元，不到2022年预计收益的六倍，也低于75美元的保守账面价值。摩根大通分析师吉米·布拉尔(Jimmy Bhullar)喜欢林肯国民(Lincoln National)，最近称其“业务组合不断改善”和“估值折扣”。他给予跑赢大盘评级和81美元的目标价。</blockquote></p><p> Unum, a provider of life and disability insurance, trades cheaply based on earnings and book value. That reflects in part concerns about its long-term care insurance reserves, which were strengthened in 2020. The stock, around $26, trades for about five times projected 2022 earnings and for half of book value.</p><p><blockquote>Unum是一家人寿和伤残保险提供商，根据收益和账面价值进行廉价交易。这在一定程度上反映了对其长期护理保险准备金的担忧，该准备金在2020年得到了加强。该股股价约为26美元，交易价格约为2022年预计收益的五倍，账面价值的一半。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/here-are-the-10-cheapest-stocks-in-the-s-p-500-51629756720?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FANG":"Diamondback Energy","LYB":"利安德巴塞尔","APA":"阿帕契","UNM":"尤纳姆集团","VTRS":"Viatris Inc.","WDC":"西部数据","MU":"美光科技","LNC":"林肯国民","OGN":"Organon & Co","PHM":"普得集团"},"source_url":"https://www.barrons.com/articles/here-are-the-10-cheapest-stocks-in-the-s-p-500-51629756720?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136078272","content_text":"There are still plenty of cheap stocks, even with the major indexes near record highs.\nBarron’s screened the S&P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.\nThe 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and Western Digital(WDC), chemical producer LyondellBasell Industries(LYB), and life insurer Lincoln National(LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.\nThe other six stocks are drugmakers Viatris(VTRS) and Organon(OGN); oil and gas producers Diamondback Energy(FANG) and APA(APA), formerly Apache; home builder PulteGroup(PHM), and insurer Unum(UNM).\nSeveral of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.\n10 in the Bargain Bin\nHere are the 10 stocks in the S&P 500 with the lowest price-to-earnings ratios.\n\n\n\nCompany / Ticker\nRecent Price\nMarket Value (bil)\n1-Yr Price Change\n2022E* P/E Ratio\n\n\n\n\nViatris / VTRS\n$14.82\n$17.9\n-10.8%\n3.9\n\n\nUnum Group / UNM\n26.14\n5.3\n38.8\n4.8\n\n\nDiamondback Energy / FANG\n69.80\n12.6\n56.8\n5.2\n\n\nWestern Digital / WDC\n61.07\n18.7\n73.0\n5.5\n\n\nAPA / APA\n16.68\n6.3\n4.3\n5.6\n\n\nPulteGroup / PHM\n52.43\n13.6\n12.1\n5.6\n\n\nOrganon / OGN\n33.61\n8.5\nN/A\n5.7\n\n\nLincoln National / LNC\n66.87\n12.5\n79.6\n5.8\n\n\nMicron Technology / MU\n70.60\n79.5\n59.6\n5.9\n\n\nLyondellBasell Industries / LYB\n100.36\n33.5\n43.8\n6.5\n\n\n\n*P/E ratio based on calendar 2022 estimates; E=estimate; N/A=not applicable\nSource: FactSet\nWhy are the stocks so inexpensive?\nSome like Viatris and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and Western Digital.\nThese concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be “disciplined and prudent” about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock.\nWestern Digital, at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.\nOrganon, a Merck(MRK) spinoff that has a portfolio of off-patent drugs and a women’s health business, recently reported better-than-expected earnings. It has set an $1.12 annual dividend, for a 3.3% yield at a recent price of $33.50.\nJoe Cornell, the publisher of Spin-Off Research, has a Buy rating and a $45 price target on the stock. Organon has a “peer-leading” yield, he recently wrote, and potential “top-line growth and margin momentum over the medium-term.”\nViatris, a generic drugmaker spun off from Pfizer(PFE), has the lowest P/E in the S&P 500 at 3.9. Its shares recently traded below $15.\nJ.P. Morgan analyst Chris Schott was encouraged by the company’s second-quarter earnings report, but maintained a Neutral rating as he awaits more evidence of improving financial performance after a tough 2020. The stock has a 3% yield.\nEnergy stocks have experienced a sharp pullback since June 1 because of a drop in oil prices and a sentiment shift away from the sector.\nDiamondback Energy, a leading exploration and production company in the Permian basin in Texas, has seen its shares drop to a recent $70 from $100. The company reported strong second-quarter results and boosted its dividend by 12.5% to an annualized $1.80 a share. The stock now yields about 2.6%.\nLike many E&Ps, Diamondback has a high free-cash flow yield. J.P. Morgan analyst Arun Jayaram is upbeat on Diamondback and recently estimated its net asset value at $126 a share. APA produces oil and gas in the U.S. and overseas and offers a play on a potentially large offshore oil field off Suriname in South America. Its shares trade around $16.\nShares of PulteGroup, one of the largest U.S. home builders, have pulled back about 20% from a spring peak, to a recent $52 amid concerns about demand and pricing power.\nEvercore ISI analyst Stephen Kim, one of the most bullish Wall Street analysts on the sector, sees rising profitability for Pulte and peers. He has an Outperform rating on Pulte and a $93 price target. He sees about $8 a share in earnings this year and an above-consensus estimate of roughly $12 next year.\nLyondell, the world’s third-largest independent chemical company, is a major player in plastics. Its shares recently traded around $100.Its CEO, Bob Patel, recently told Barron’s Jack Hough: “Whether we’re at peak, and is there a moderation or a hard reset—this is at the heart of the debate today with investors. I think there is strong demand in front of us.”\nLincoln National, which offers life insurance, annuities, and other financial products, recently traded around $67, less than six times projected 2022 earnings and below a conservative measure of book value of $75. J.P. Morgan analyst Jimmy Bhullar likes Lincoln National, recently citing an “improving business mix” and “discount valuation.” He has an Overweight rating and a $81 price target.\nUnum, a provider of life and disability insurance, trades cheaply based on earnings and book value. That reflects in part concerns about its long-term care insurance reserves, which were strengthened in 2020. 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