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Yangie

Yangie

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2021-08-09

Why

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2021-07-21

To the moon for all ev

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2021-07-14

Must buy

Goldman Has "Aggressively" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛“积极”悄悄清算了四分之一的股权投资</blockquote>

2021-07-14

Always buy growth

Why US Economic Conditions Are 'Just Right' For The Stock Market Rally To Continue<blockquote>为什么美国经济状况“刚刚好”股市继续上涨</blockquote>

2021-07-12

To e moon

Tesla shares rose 1% in premarket trading,as receiving a flood of orders in China for Model Y.<blockquote>特斯拉股价在盘前交易中上涨1%，因Model Y在中国收到大量订单。</blockquote>

2021-07-10

Crowdstrike for e win

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2021-07-09

All in tiger coin bearish for e win

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2021-07-07

Agreed

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2021-07-05

Buy e dip below ipo price

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2021-06-30

Dont care , to e moon

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2021-06-24

To e moon

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2021-06-23

Both to e moon

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2021-06-18

Long nvda

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2021-06-18

Growth stocks for e win

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2021-06-17

To e moon

Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>

2021-06-16

When powell speaks its always a red day

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2021-06-15

What bull shit

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2021-06-15

Most impt moment

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2021-06-14

Like and comment !

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2021-06-13

Apes tog strong

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the moon for all ev","listText":"To the moon for all ev","text":"To the moon for all ev","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176651056","repostId":"1161684365","repostType":4,"isVote":1,"tweetType":1,"viewCount":2595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145440964,"gmtCreate":1626240683658,"gmtModify":1631889717779,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Must buy","listText":"Must buy","text":"Must buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/145440964","repostId":"1133459947","repostType":4,"repost":{"id":"1133459947","kind":"news","pubTimestamp":1626232908,"share":"https://www.laohunote.com/m/news/1133459947?lang=zh_CN&edition=full","pubTime":"2021-07-14 11:21","market":"us","language":"en","title":"Goldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛“积极”悄悄清算了四分之一的股权投资</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133459947","media":"zerohedge","summary":"While most analysts and traders were digging through Goldman's investment banking and trading result","content":"<p>While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...</p><p><blockquote>当大多数分析师和交易员都在挖掘高盛的投资银行和交易业绩时——前者表现出色，而交易，尤其是在FICC，则平庸……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd07fc077dd10720c94c622b49d99141\" tg-width=\"1280\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.</p><p><blockquote>...当该银行公布有记录以来第二好的季度时，该银行第二季度收益报告出现了更明显的下滑，这与高盛为自己的道具或“资产管理”账簿所做的事情有关。</blockquote></p><p> As shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.</p><p><blockquote>如下表所示，高盛资产管理公司（F/K/A“prop”）本季度也表现出色，净收入达到创纪录的 51 亿美元，是去年同期的两倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8d7dcf11b10007ddc07352220768e105\" tg-width=\"771\" tg-height=\"434\" referrerpolicy=\"no-referrer\">In explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"</p><p><blockquote>在解释该集团的出色表现时，高盛写道：“股权投资产生了创纪录的净收入，同比增长主要是由于私募股权投资净收益显着增加，而私募股权投资净收益是由公司特定事件（包括融资和销售）推动的，以及与充满挑战的2020年第二季度相比，公司业绩有所改善。”</blockquote></p><p> The bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).</p><p><blockquote>然后，该银行对其道具交易员的资产组合进行了细分，截至第二季度，这些交易员的股权投资约为 210 亿美元，分布在各个行业、年份和地区（主要是美国）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a2d4089fcfd78f1b6d025823c88d24d\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which brings us to the punchline: a chart showing what Goldman<i>had done</i>with its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"<i><b>harvesting</b></i>\" its balance sheet equity portfolio. Which, of course, is another word for selling.</p><p><blockquote>这就把我们带到了笑点：一张显示高盛的图表<i>做过</i>2021年的股权投资。在这里，银行没有出拳，在标题中明确表示它一直很忙。”<i><b>收获</b></i>“它的资产负债表股票投资组合。当然，这是出售的另一个词。</blockquote></p><p> What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,<b>Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.</b></p><p><blockquote>更引人注目的是，高盛在 2021 年迄今为止收获了多少：如下图所示，从 200 亿美元的股票投资组合开始，市场价格上涨了 50 亿美元，<b>截至 12 月 31 日，高盛迄今已抛售了高达 55 亿美元的股票资产（不包括少量的 15 亿美元收购），占其整个投资组合的四分之一以上。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/93df1ef5d7169b1d81a0042eac5f2af6\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Who is Goldman selling to? Anyone who will buy, but here we would wager that<b>retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.</b>This, in the financial literature is called the \"<b>distribution phase.</b>\"</p><p><blockquote>高盛在卖给谁？任何愿意购买的人，但我们打赌<b>散户投资者——他们在 2021 年一直在倾斜买入——是高盛数十亿美元销售额的骄傲接受者。</b>这在金融文献中被称为“<b>分布阶段。</b>\"</blockquote></p><p> The sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"<b>made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"</b></p><p><blockquote>此次销售如此广泛，以至于今天早些时候高盛的财报看涨期权上提出了这个话题。在回答有关高盛努力缩减其股票投资组合的问题时，该银行表示，它已经“<b>在提高资本效率方面取得了进展，并正在‘积极’管理股票头寸，特别是因为环境有利。”</b></blockquote></p><p> What does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.</p><p><blockquote>这在英语中是什么意思？很简单：高盛正在一个“支持性”的环境中“积极地”抛售其头寸，也就是说，在这种环境中，愚蠢的资金提供了一个持续的出价，高盛这样的鲸鱼可以卖出。</blockquote></p><p> The last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...</p><p><blockquote>高盛上一次“积极”卖入“支持性”市场是什么时候？好吧，我们必须追溯到 2007 年和 2008 年，当时高盛正忙于创建 CDO，而其支持者随后会“积极”做空这些 CDO。我们都记得那个特别的举动是多么具有预见性……</blockquote></p><p> <b>Related:</b></p><p><blockquote><b>相关：</b></blockquote></p><p> <ul>  <li>Goldman Sachs:&nbsp;Q2 GAAP EPS of $15.02beats by $5.07.</li>  <li>Revenue of $15.39B (+15.7% Y/Y)beats by $3.22B.</li>  <li>Reversal of credit losses of $92M.</li>  <li>On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.</li> </ul></p><p><blockquote><ul><li>高盛：第二季度 GAAP 每股收益为 15.02 美元，超出 5.07 美元。</li><li>收入 $15.39B（同比增长 15.7%）超过预期 $3.22B。</li><li>扭转信贷损失9200万美元。</li><li>2021年7月12日，高盛集团董事会批准从2021年第三季度开始将季度股息增加60%，至每股普通股2.00美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛“积极”悄悄清算了四分之一的股权投资</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-14 11:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...</p><p><blockquote>当大多数分析师和交易员都在挖掘高盛的投资银行和交易业绩时——前者表现出色，而交易，尤其是在FICC，则平庸……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd07fc077dd10720c94c622b49d99141\" tg-width=\"1280\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.</p><p><blockquote>...当该银行公布有记录以来第二好的季度时，该银行第二季度收益报告出现了更明显的下滑，这与高盛为自己的道具或“资产管理”账簿所做的事情有关。</blockquote></p><p> As shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.</p><p><blockquote>如下表所示，高盛资产管理公司（F/K/A“prop”）本季度也表现出色，净收入达到创纪录的 51 亿美元，是去年同期的两倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8d7dcf11b10007ddc07352220768e105\" tg-width=\"771\" tg-height=\"434\" referrerpolicy=\"no-referrer\">In explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"</p><p><blockquote>在解释该集团的出色表现时，高盛写道：“股权投资产生了创纪录的净收入，同比增长主要是由于私募股权投资净收益显着增加，而私募股权投资净收益是由公司特定事件（包括融资和销售）推动的，以及与充满挑战的2020年第二季度相比，公司业绩有所改善。”</blockquote></p><p> The bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).</p><p><blockquote>然后，该银行对其道具交易员的资产组合进行了细分，截至第二季度，这些交易员的股权投资约为 210 亿美元，分布在各个行业、年份和地区（主要是美国）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a2d4089fcfd78f1b6d025823c88d24d\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which brings us to the punchline: a chart showing what Goldman<i>had done</i>with its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"<i><b>harvesting</b></i>\" its balance sheet equity portfolio. Which, of course, is another word for selling.</p><p><blockquote>这就把我们带到了笑点：一张显示高盛的图表<i>做过</i>2021年的股权投资。在这里，银行没有出拳，在标题中明确表示它一直很忙。”<i><b>收获</b></i>“它的资产负债表股票投资组合。当然，这是出售的另一个词。</blockquote></p><p> What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,<b>Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.</b></p><p><blockquote>更引人注目的是，高盛在 2021 年迄今为止收获了多少：如下图所示，从 200 亿美元的股票投资组合开始，市场价格上涨了 50 亿美元，<b>截至 12 月 31 日，高盛迄今已抛售了高达 55 亿美元的股票资产（不包括少量的 15 亿美元收购），占其整个投资组合的四分之一以上。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/93df1ef5d7169b1d81a0042eac5f2af6\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Who is Goldman selling to? Anyone who will buy, but here we would wager that<b>retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.</b>This, in the financial literature is called the \"<b>distribution phase.</b>\"</p><p><blockquote>高盛在卖给谁？任何愿意购买的人，但我们打赌<b>散户投资者——他们在 2021 年一直在倾斜买入——是高盛数十亿美元销售额的骄傲接受者。</b>这在金融文献中被称为“<b>分布阶段。</b>\"</blockquote></p><p> The sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"<b>made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"</b></p><p><blockquote>此次销售如此广泛，以至于今天早些时候高盛的财报看涨期权上提出了这个话题。在回答有关高盛努力缩减其股票投资组合的问题时，该银行表示，它已经“<b>在提高资本效率方面取得了进展，并正在‘积极’管理股票头寸，特别是因为环境有利。”</b></blockquote></p><p> What does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.</p><p><blockquote>这在英语中是什么意思？很简单：高盛正在一个“支持性”的环境中“积极地”抛售其头寸，也就是说，在这种环境中，愚蠢的资金提供了一个持续的出价，高盛这样的鲸鱼可以卖出。</blockquote></p><p> The last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...</p><p><blockquote>高盛上一次“积极”卖入“支持性”市场是什么时候？好吧，我们必须追溯到 2007 年和 2008 年，当时高盛正忙于创建 CDO，而其支持者随后会“积极”做空这些 CDO。我们都记得那个特别的举动是多么具有预见性……</blockquote></p><p> <b>Related:</b></p><p><blockquote><b>相关：</b></blockquote></p><p> <ul>  <li>Goldman Sachs:&nbsp;Q2 GAAP EPS of $15.02beats by $5.07.</li>  <li>Revenue of $15.39B (+15.7% Y/Y)beats by $3.22B.</li>  <li>Reversal of credit losses of $92M.</li>  <li>On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.</li> </ul></p><p><blockquote><ul><li>高盛：第二季度 GAAP 每股收益为 15.02 美元，超出 5.07 美元。</li><li>收入 $15.39B（同比增长 15.7%）超过预期 $3.22B。</li><li>扭转信贷损失9200万美元。</li><li>2021年7月12日，高盛集团董事会批准从2021年第三季度开始将季度股息增加60%，至每股普通股2.00美元。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/goldman-has-aggressively-and-quietly-liquidated-quarter-its-equity-investments\">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":{"GS":"高盛"},"source_url":"https://www.zerohedge.com/markets/goldman-has-aggressively-and-quietly-liquidated-quarter-its-equity-investments","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133459947","content_text":"While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...\n\n... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.\nAs shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.\nIn explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"\nThe bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).\n\nWhich brings us to the punchline: a chart showing what Goldmanhad donewith its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"harvesting\" its balance sheet equity portfolio. Which, of course, is another word for selling.\nWhat is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.\n\nWho is Goldman selling to? Anyone who will buy, but here we would wager thatretail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.This, in the financial literature is called the \"distribution phase.\"\nThe sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"\nWhat does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.\nThe last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...\nRelated:\n\nGoldman Sachs: Q2 GAAP EPS of $15.02beats by $5.07.\nRevenue of $15.39B (+15.7% Y/Y)beats by $3.22B.\nReversal of credit losses of $92M.\nOn July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":2817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145457496,"gmtCreate":1626240658015,"gmtModify":1631889717782,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Always buy growth","listText":"Always buy growth","text":"Always buy growth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145457496","repostId":"1112852623","repostType":4,"repost":{"id":"1112852623","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626235498,"share":"https://www.laohunote.com/m/news/1112852623?lang=zh_CN&edition=full","pubTime":"2021-07-14 12:04","market":"us","language":"en","title":"Why US Economic Conditions Are 'Just Right' For The Stock Market Rally To Continue<blockquote>为什么美国经济状况“刚刚好”股市继续上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112852623","media":"Benzinga Earnings","summary":"In the second quarter, two of the biggest fears among investors were that wage growth and inflation ","content":"<p>In the second quarter, two of the biggest fears among investors were that wage growth and inflation would run too hot.</p><p><blockquote>第二季度，投资者最大的两个担忧是工资增长和通胀过热。</blockquote></p><p> Heading into the third quarter, inflation remains well above historical norms, but there’s also a growing concern that GDP growth could disappoint and corporate earnings and guidance will start showing signs of peaking.</p><p><blockquote>进入第三季度，通胀率仍远高于历史正常水平，但人们也越来越担心国内生产总值增长可能令人失望，企业盈利和指引将开始出现见顶迹象。</blockquote></p><p> <b>Economic Sweet Spot:</b>On Tuesday, the Labor Department reported the consumer price index increased 5.4% in the month of June, its largest gain in nearly 13 years. However, the Federal Reserve has said elevated inflation levels will be “transitory” as the economy reopens to full capacity following the pandemic.</p><p><blockquote><b>经济甜蜜点：</b>周二，美国劳工部报告称，6月份消费者价格指数上涨5.4%，创近13年来最大涨幅。不过，美联储表示，随着大流行病过后经济重新满负荷运转，通胀水平的上升将是 “暂时的”。</blockquote></p><p> <b>Bank of America analyst Jared Woodard believes the U.S. economy is in a sweet spot of bullish equity market momentum, rising employment, and a favorable credit market that will keep stocks rising in the second half of the year.</b></p><p><blockquote><b>美国银行分析师贾里德·伍达德 (Jared Woodard) 认为，美国经济正处于股市看涨势头、就业增长和有利的信贷市场的最佳状态，这将使股市在下半年继续上涨。</b></blockquote></p><p> “We see ‘just right’ conditions for equities &amp; credit given consumer strength, credit market dry powder, and easy policy,” Woodard wrote in a note.</p><p><blockquote>“伍达德在一份报告中写道：”鉴于消费者的强劲、信贷市场的干粉和宽松的政策，我们认为股票和信贷的条件'恰到好处'。</blockquote></p><p> <b>Bullish Catalysts:</b></p><p><blockquote><b>看涨催化剂：</b></blockquote></p><p> U.S. banks have massive balance sheets, which was recently confirmed by the annual stress tests. Woodard said that dry powder can help facilitate productivity growth once the new capex cycle begins in the second half of the year.</p><p><blockquote>美国银行拥有庞大的资产负债表，最近的年度压力测试证实了这一点。伍达德表示，一旦下半年新的资本支出周期开始，干粉可以帮助促进生产率增长。</blockquote></p><p> Finally, Woodard said the outlook for central bank and political policies is favorable heading into the second half of the year. The infrastructure spending bill is likely already priced into the market at this point, and it’s not too large to contribute to excess stimulus hyperinflation concerns. In addition, the Fed isn't expected to raise interest rates until 2023, so fears over rising rates will likely not hold back stock prices in the near term.</p><p><blockquote>最后，伍达德表示，进入下半年，央行和政治政策的前景是有利的。基础设施支出法案很可能已经在市场上定价，而且规模还不至于太大，不足以引发对过度刺激恶性通货膨胀的担忧。此外，美联储预计要到 2023 年才会加息，因此对加息的担忧在短期内可能不会抑制股价。</blockquote></p><p> <b>Benzinga’s Take:</b>The<b>SPDR S&amp;P 500 ETF Trust</b>(NYSE:SPY) has generated a 99.8% total return since the market hit its pandemic bottom on March 23, 2020. The stock market is clearly pricing in some extremely high recovery expectations, but given more than $6 trillion in stimulus measures, extremely easy year-over-year comps and no major obstacles on the horizon, the S&amp;P 500 appears well-positioned to continue its bullish momentum in the third quarter and beyond.</p><p><blockquote><b>Benzinga 的观点：</b>这个<b>SPDR标普500 ETF信托</b>自 2020 年 3 月 23 日市场触及大流行底部以来，（纽约证券交易所股票代码：SPY）已产生 99.8% 的总回报率。股市显然对一些极高的复苏预期进行了定价，但考虑到超过 6 万亿美元的刺激措施、极其轻松的同比竞争以及地平线上没有重大障碍，标普500似乎处于有利地位，可以在第三季度及以后继续保持看涨势头。</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 US Economic Conditions Are 'Just Right' For The Stock Market Rally To Continue<blockquote>为什么美国经济状况“刚刚好”股市继续上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy US Economic Conditions Are 'Just Right' For The Stock Market Rally To Continue<blockquote>为什么美国经济状况“刚刚好”股市继续上涨</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 Earnings </p>\n<p class=\"h-time smaller\">2021-07-14 12:04</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>In the second quarter, two of the biggest fears among investors were that wage growth and inflation would run too hot.</p><p><blockquote>第二季度，投资者最大的两个担忧是工资增长和通胀过热。</blockquote></p><p> Heading into the third quarter, inflation remains well above historical norms, but there’s also a growing concern that GDP growth could disappoint and corporate earnings and guidance will start showing signs of peaking.</p><p><blockquote>进入第三季度，通胀率仍远高于历史正常水平，但人们也越来越担心国内生产总值增长可能令人失望，企业盈利和指引将开始出现见顶迹象。</blockquote></p><p> <b>Economic Sweet Spot:</b>On Tuesday, the Labor Department reported the consumer price index increased 5.4% in the month of June, its largest gain in nearly 13 years. However, the Federal Reserve has said elevated inflation levels will be “transitory” as the economy reopens to full capacity following the pandemic.</p><p><blockquote><b>经济甜蜜点：</b>周二，美国劳工部报告称，6月份消费者价格指数上涨5.4%，创近13年来最大涨幅。不过，美联储表示，随着大流行病过后经济重新满负荷运转，通胀水平的上升将是 “暂时的”。</blockquote></p><p> <b>Bank of America analyst Jared Woodard believes the U.S. economy is in a sweet spot of bullish equity market momentum, rising employment, and a favorable credit market that will keep stocks rising in the second half of the year.</b></p><p><blockquote><b>美国银行分析师贾里德·伍达德 (Jared Woodard) 认为，美国经济正处于股市看涨势头、就业增长和有利的信贷市场的最佳状态，这将使股市在下半年继续上涨。</b></blockquote></p><p> “We see ‘just right’ conditions for equities &amp; credit given consumer strength, credit market dry powder, and easy policy,” Woodard wrote in a note.</p><p><blockquote>“伍达德在一份报告中写道：”鉴于消费者的强劲、信贷市场的干粉和宽松的政策，我们认为股票和信贷的条件'恰到好处'。</blockquote></p><p> <b>Bullish Catalysts:</b></p><p><blockquote><b>看涨催化剂：</b></blockquote></p><p> U.S. banks have massive balance sheets, which was recently confirmed by the annual stress tests. Woodard said that dry powder can help facilitate productivity growth once the new capex cycle begins in the second half of the year.</p><p><blockquote>美国银行拥有庞大的资产负债表，最近的年度压力测试证实了这一点。伍达德表示，一旦下半年新的资本支出周期开始，干粉可以帮助促进生产率增长。</blockquote></p><p> Finally, Woodard said the outlook for central bank and political policies is favorable heading into the second half of the year. The infrastructure spending bill is likely already priced into the market at this point, and it’s not too large to contribute to excess stimulus hyperinflation concerns. In addition, the Fed isn't expected to raise interest rates until 2023, so fears over rising rates will likely not hold back stock prices in the near term.</p><p><blockquote>最后，伍达德表示，进入下半年，央行和政治政策的前景是有利的。基础设施支出法案很可能已经在市场上定价，而且规模还不至于太大，不足以引发对过度刺激恶性通货膨胀的担忧。此外，美联储预计要到 2023 年才会加息，因此对加息的担忧在短期内可能不会抑制股价。</blockquote></p><p> <b>Benzinga’s Take:</b>The<b>SPDR S&amp;P 500 ETF Trust</b>(NYSE:SPY) has generated a 99.8% total return since the market hit its pandemic bottom on March 23, 2020. The stock market is clearly pricing in some extremely high recovery expectations, but given more than $6 trillion in stimulus measures, extremely easy year-over-year comps and no major obstacles on the horizon, the S&amp;P 500 appears well-positioned to continue its bullish momentum in the third quarter and beyond.</p><p><blockquote><b>Benzinga 的观点：</b>这个<b>SPDR标普500 ETF信托</b>自 2020 年 3 月 23 日市场触及大流行底部以来，（纽约证券交易所股票代码：SPY）已产生 99.8% 的总回报率。股市显然对一些极高的复苏预期进行了定价，但考虑到超过 6 万亿美元的刺激措施、极其轻松的同比竞争以及地平线上没有重大障碍，标普500似乎处于有利地位，可以在第三季度及以后继续保持看涨势头。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112852623","content_text":"In the second quarter, two of the biggest fears among investors were that wage growth and inflation would run too hot.\nHeading into the third quarter, inflation remains well above historical norms, but there’s also a growing concern that GDP growth could disappoint and corporate earnings and guidance will start showing signs of peaking.\nEconomic Sweet Spot:On Tuesday, the Labor Department reported the consumer price index increased 5.4% in the month of June, its largest gain in nearly 13 years. However, the Federal Reserve has said elevated inflation levels will be “transitory” as the economy reopens to full capacity following the pandemic.\nBank of America analyst Jared Woodard believes the U.S. economy is in a sweet spot of bullish equity market momentum, rising employment, and a favorable credit market that will keep stocks rising in the second half of the year.\n“We see ‘just right’ conditions for equities & credit given consumer strength, credit market dry powder, and easy policy,” Woodard wrote in a note.\nBullish Catalysts:\nU.S. banks have massive balance sheets, which was recently confirmed by the annual stress tests. Woodard said that dry powder can help facilitate productivity growth once the new capex cycle begins in the second half of the year.\nFinally, Woodard said the outlook for central bank and political policies is favorable heading into the second half of the year. The infrastructure spending bill is likely already priced into the market at this point, and it’s not too large to contribute to excess stimulus hyperinflation concerns. In addition, the Fed isn't expected to raise interest rates until 2023, so fears over rising rates will likely not hold back stock prices in the near term.\nBenzinga’s Take:TheSPDR S&P 500 ETF Trust(NYSE:SPY) has generated a 99.8% total return since the market hit its pandemic bottom on March 23, 2020. The stock market is clearly pricing in some extremely high recovery expectations, but given more than $6 trillion in stimulus measures, extremely easy year-over-year comps and no major obstacles on the horizon, the S&P 500 appears well-positioned to continue its bullish momentum in the third quarter and beyond.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146675468,"gmtCreate":1626079829054,"gmtModify":1631889717785,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"To e moon","listText":"To e moon","text":"To e moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146675468","repostId":"1176844993","repostType":4,"repost":{"id":"1176844993","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":1626079357,"share":"https://www.laohunote.com/m/news/1176844993?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:42","market":"us","language":"en","title":"Tesla shares rose 1% in premarket trading,as receiving a flood of orders in China for Model Y.<blockquote>特斯拉股价在盘前交易中上涨1%，因Model Y在中国收到大量订单。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176844993","media":"Tiger Newspress","summary":"Tesla shares rose 1% in premarket trading,as receiving a flood of orders in China for Model Y.\nTesla","content":"<p><b>Tesla</b>&nbsp;shares&nbsp;rose 1% in premarket&nbsp;trading,as&nbsp;receiving a flood of orders in China&nbsp;for Model Y.</p><p><blockquote><b>特斯拉</b>由于 Model Y 在中国收到大量订单，股价在盘前交易中上涨 1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c01d8b6dec80a6307557a1c8d41cbe43\" tg-width=\"1282\" tg-height=\"599\" referrerpolicy=\"no-referrer\"><b>Tesla Inc</b>&nbsp;recently launched Model Y standard variant is receiving a flood of orders in China, cnEVpost&nbsp;reported&nbsp;on Monday, citing Securities Daily.</p><p><blockquote><b>特斯拉公司</b>据 cnEVpost 周一援引《证券日报》报道，最近推出的 Model Y 标准版在中国收到了大量订单。</blockquote></p><p> Customers in China who have placed orders will have to wait until September for deliveries, the report noted.</p><p><blockquote>报告指出，已经下订单的中国客户将不得不等到9月份才能交货。</blockquote></p><p> The Palo Alto, California-based company&nbsp;is planning to run its Shanghai Gigafactory at full capacity to ensure availability, cnEVpost, citing a staff member at the electric vehicle company’s experience center.</p><p><blockquote>cnEVpost 援引这家电动汽车公司体验中心的一名工作人员的话说，这家总部位于加利福尼亚州帕洛阿尔托的公司计划满负荷运转其上海超级工厂，以确保可用性。</blockquote></p><p> Tesla’s locally-built Model Y standard variant in China&nbsp;qualifies for state-led subsidiesas it is sold under RMB 300,000 ($46,000).</p><p><blockquote>特斯拉在中国本土生产的 Model Y 标准版车型有资格获得国家主导的补贴，因为它的售价低于 30 万元人民币（约合 4.6 万美元）。</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>Tesla shares rose 1% in premarket trading,as receiving a flood of orders in China for Model Y.<blockquote>特斯拉股价在盘前交易中上涨1%，因Model Y在中国收到大量订单。</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\">\nTesla shares rose 1% in premarket trading,as receiving a flood of orders in China for Model Y.<blockquote>特斯拉股价在盘前交易中上涨1%，因Model Y在中国收到大量订单。</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\">2021-07-12 16:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Tesla</b>&nbsp;shares&nbsp;rose 1% in premarket&nbsp;trading,as&nbsp;receiving a flood of orders in China&nbsp;for Model Y.</p><p><blockquote><b>特斯拉</b>由于 Model Y 在中国收到大量订单，股价在盘前交易中上涨 1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c01d8b6dec80a6307557a1c8d41cbe43\" tg-width=\"1282\" tg-height=\"599\" referrerpolicy=\"no-referrer\"><b>Tesla Inc</b>&nbsp;recently launched Model Y standard variant is receiving a flood of orders in China, cnEVpost&nbsp;reported&nbsp;on Monday, citing Securities Daily.</p><p><blockquote><b>特斯拉公司</b>据 cnEVpost 周一援引《证券日报》报道，最近推出的 Model Y 标准版在中国收到了大量订单。</blockquote></p><p> Customers in China who have placed orders will have to wait until September for deliveries, the report noted.</p><p><blockquote>报告指出，已经下订单的中国客户将不得不等到9月份才能交货。</blockquote></p><p> The Palo Alto, California-based company&nbsp;is planning to run its Shanghai Gigafactory at full capacity to ensure availability, cnEVpost, citing a staff member at the electric vehicle company’s experience center.</p><p><blockquote>cnEVpost 援引这家电动汽车公司体验中心的一名工作人员的话说，这家总部位于加利福尼亚州帕洛阿尔托的公司计划满负荷运转其上海超级工厂，以确保可用性。</blockquote></p><p> Tesla’s locally-built Model Y standard variant in China&nbsp;qualifies for state-led subsidiesas it is sold under RMB 300,000 ($46,000).</p><p><blockquote>特斯拉在中国本土生产的 Model Y 标准版车型有资格获得国家主导的补贴，因为它的售价低于 30 万元人民币（约合 4.6 万美元）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176844993","content_text":"Tesla shares rose 1% in premarket trading,as receiving a flood of orders in China for Model Y.\nTesla Inc recently launched Model Y standard variant is receiving a flood of orders in China, cnEVpost reported on Monday, citing Securities Daily.\nCustomers in China who have placed orders will have to 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win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166995008","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163604774,"gmtCreate":1623880606198,"gmtModify":1631892086844,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"To e moon","listText":"To e moon","text":"To e moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163604774","repostId":"1148768572","repostType":2,"repost":{"id":"1148768572","kind":"news","pubTimestamp":1623822306,"share":"https://www.laohunote.com/m/news/1148768572?lang=zh_CN&edition=full","pubTime":"2021-06-16 13:45","market":"us","language":"en","title":"Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148768572","media":"seekingalpha","summary":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce tradi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>  <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>  <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>  <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p><p><blockquote><ul><li>Wish (ContextLogic) 仍然是电子商务交易中最被低估的资产之一，远期销售额仅为 1.3 倍。</li><li>Wish与PrestaShop的最新合作伙伴关系将进一步加速国际扩张和增长计划。</li><li>虽然由于其大部分流通量仍被锁定，因此很难找到有关其空头权益的准确数据，但我估计空头权益在 30-40% 之间。</li><li>我认为，包括高营销支出和停滞不前的用户数量在内的熊市论点已经在当前的股价中形成。</li></ul><p class=\"t-img-caption\"><span>JuSun/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Overview</b></p><p><blockquote><b>概述</b></blockquote></p><p> ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p><p><blockquote>ContextLogic (WISH) 对股东来说是一次疯狂的旅程，因为最近几周高波动性继续导致价格大幅波动。该电子商务平台最初于 12 月以每股 20 美元的价格上市，但由于势头驱动的反弹，2 月份股价飙升至 32 美元的历史新高。尽管如此，此后股价一直在稳步暴跌，6 月份触及 7 美元的历史低点，但在零售交易行业兴趣增加后，股价现在正在迅速复苏。在这里，该股因其高波动性、短期利息和巨大的上涨潜力而受到青睐。</blockquote></p><p> In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p><p><blockquote>在这种背景下，我认为高空头利息越来越多地将股价推至公允价值以下，耐心的投资者可能很快就会再次看到 20 美元或更高，因为该公司正在克服物流挑战，并将很快恢复规模经济。在这方面，电子商务平台具有独特的价值主张，并处于有利地位，可以在6万亿美元的电子商务行业中获得市场份额。</blockquote></p><p> <b>The Digital Dollar Tree</b></p><p><blockquote><b>数字美元树</b></blockquote></p><p> Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p><p><blockquote>Wish 作为一个电子商务平台受到了严厉批评，我几乎可以说，迄今为止，它作为中国商家第三方“直运”网站的形象让投资者远离了该股票。然而，这可能只是部分正确。从本质上讲，Wish 通过低价（低质量）产品和可能导致长达数周的缓慢交货时间颠覆了亚马逊（纳斯达克股票代码：AMZN）的商业模式。这是因为Wish不处理运输本身，这就是为什么它可以提供这些超低的价格，以2美元加2美元的运费提供一件连帽衫。</blockquote></p><p> Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p><p><blockquote>坦率地说，Wish仍然依赖中国商家，占其产品目录的大部分。考虑到大多数商品都是在中国生产的，因为生产成本是世界上最低的之一，这并不奇怪。亚马逊或 eBay（纳斯达克股票代码：eBay）上销售的大多数商品也是在中国生产的，尽管由于一日送达运输计划或更高的价格，它们获得了更高的知名度。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p><p><blockquote>现在，我把Wish看作是数字美元树，网上购物者可以在这里发现他们想要的而不是需要的商品。在这个过程中，客户对产品有了更多的耐心，愿意等待更长时间才能到货。随着其平台越来越受欢迎，Wish正在努力解决这两个问题（质量和商家多元化）。在这里，它一直在投资物流以提供更快的交付速度，物流收入同比增长 275% 就证明了这一点。由于这些收入提供的利润率较低，其整体毛利率也相应下降。然而，一旦该领域实现规模经济，利润率增长应该会逆转并回落至 70%。</blockquote></p><p> It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p><p><blockquote>它还通过不断扩大其国际商户基础来解决第二个问题。在这里，美国商家同比增长超过400%，其他国家也有类似的趋势。此外，它正在发展Wish Local，这是一项将本地企业连接到平台的服务，占所有Wish订单的7%。Wish local主要（或只）在美国有售，因此越来越多地与网站上的其他产品混合使用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：传感器塔</span></p></blockquote></p><p> I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p><p><blockquote>我也喜欢Wish通过利用人工智能匹配系统来吸引和留住用户的策略，该系统优化了平台增长、用户体验和商家投资回报。创建交互式移动购物体验的策略似乎运行良好：令人印象深刻的是，Wish每天从用户那里获得超过50万条评论，在这方面甚至超过了亚马逊和其他购物网站，这表明了该平台的吸引力。大约80%的首次购物者会再次购买。</blockquote></p><p></p><p> Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p><p><blockquote>因此，Wish能够在竞争激烈的电子商务市场中立足，为增长提供了巨大的跑道。目前，约40%的电子商务市场份额仅由亚马逊拥有。与亚马逊相比，其 TAM 可能有限，因为它专注于低收入市场，这也是它最初流行的原因。尽管如此，这仍然代表着 Wish 可以利用的价值 3 万亿美元的市场机会。还值得注意的是，据toreports报道，亚马逊试图以100亿美元收购Wish，但Wish拒绝了，认为将业务年销售额增长到1000亿美元，届时其估值将明显更高。</blockquote></p><p> <b>Negative Sentiment Baked In</b></p><p><blockquote><b>负面情绪持续存在</b></blockquote></p><p> Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p><p><blockquote>Wish 的前两个季度有点令人失望。虽然该公司轻松超出了收入预期，但为了投资物流，该公司烧掉了超过 3 亿美元的现金。然而，更重要的是，MAU 稳步下降，该公司将此归咎于公司在应对今年早些时候面临的物流挑战时不再强调广告和客户获取。</blockquote></p><p> <table>  <tbody>   <tr>    <td>Year</td>    <td>2020</td>    <td>2019</td>    <td>2018</td>   </tr>   <tr>    <td>Revenue</td>    <td>$2.54B</td>    <td>$1.9B</td>    <td>$1.73B</td>   </tr>   <tr>    <td>Gross Profit</td>    <td>$1.59B</td>    <td>$1.46B</td>    <td>$1.45B</td>   </tr>   <tr>    <td><b>Sales and Marketing</b></td>    <td><b>$1.71B (+17%)</b></td>    <td><b>$1.46B (-7%)</b></td>    <td><b>$1.57B</b></td>   </tr>   <tr>    <td>MAUs</td>    <td>107M (+19%)</td>    <td>90M (+10%)</p><p><blockquote><table><tbody><tr><td>年</td><td>2020</td><td>2019</td><td>2018</td></tr><tr><td>收入</td><td>$254B</td><td>19亿美元</td><td>17.3亿美元</td></tr><tr><td>毛利</td><td>15.9亿美元</td><td>14.6亿美元</td><td>14.5亿美元</td></tr><tr><td><b>销售及市场推广</b></td><td><b>17.1亿美元（+17%）</b></td><td><b>14.6亿美元（-7%）</b></td><td><b>$15.7B</b></td></tr><tr><td>老鼠</td><td>1.07亿（+19%）</td><td>90米（+10%）</td></tr></tbody></table></blockquote></p><p></td>    <td>82M</td>   </tr>   <tr>    <td><b>Active Buyers</b></td>    <td><b>64M (+3%)</b></td>    <td><b>62M (-3%)</b></td>    <td><b>64M</b></td>   </tr>  </tbody> </table> *Growth (Year-over-Year)</p><p><blockquote><td>82米</td><tr><td><b>活跃买家</b></td><td><b>6400万（+3%）</b></td><td><b>6200万（-3%）</b></td><td><b>64米</b></td></tr>*增长（同比）</blockquote></p><p> The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p><p><blockquote>反对 Wish 的最大理由是其高昂的营销费用，占其总收入的 60%，毛利润的 100% 以上。这完全没问题，除非它通过营销来增加活跃买家，但不幸的是，情况并非如此。这是一个危险信号，令人质疑 Wish 商业模式的长期可持续性。然而，该公司的现金流已接近正，并表示如果不是因为大量的营销费用，它已经实现了盈利。也就是说，只要Wish获得新的MAU并通过物流服务增加价值，从长远来看，其营销费用就会得到回报。此外，Wish 的营销费用占总收入的比例已从上一年的 67% 降至 60%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Wish IR</span></p></blockquote></p><p> In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p><p><blockquote>就前景而言，这是该公司本质上强调的。它认为营销费用可以降至 40-45%，从而使 EBITDA 利润率在中点范围内达到 25%。如果它实现这些雄心勃勃的目标（这是很有可能的），其利润率将与 eBay 或 MercadoLibre（纳斯达克股票代码：MELI）相似。无论哪种方式，Wish 的商业模式都并不完美，但在我看来，所有这些担忧都不仅仅体现在其当前的估值中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：YCharts</span></p></blockquote></p><p> Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p><p><blockquote>即使在最近一次上涨 +50% 之后，股价仍然远远落后于 Poshmark（纳斯达克股票代码：POSH）、eBay、亚马逊和 (Shopify（纽约证券交易所股票代码：SHOP）) 等同行。Wish 的预计收入超过 30 亿美元，其市销率仅为 1.8 倍，仅为 eBay 当前估值的一半，远低于 Poshmark。目前的估计是，到 2025 年，收入将超过 60 亿美元，自由现金流将达到 10 亿美元，这意味着 Wish 的交易价格仅为自由现金流估计的 7 倍，即销售额的 1 倍。2021年初，其市盈率接近5倍，因此存在估值扩张的潜力。</blockquote></p><p> <b>What about the Lawsuits?</b></p><p><blockquote><b>诉讼呢？</b></blockquote></p><p> Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p><p><blockquote>也许你已经看过关于集体诉讼的新闻（尤其是在雅虎财经上）。这些诉讼被广泛发布，以提醒投资者在近几个月股价下跌后挽回遭受的损失。当股票在短时间内大幅下跌时，此类诉讼并不罕见，投资者可能不会担心。这些诉讼还包括 CloverHealth（纳斯达克股票代码：CLOV）、Skillz（纽约证券交易所股票代码：SKLZ）、Array Technologies（纳斯达克股票代码：ARRY）等公司。</blockquote></p><p> Short Interest - Still High</p><p><blockquote>空头利息 - 仍然很高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Fintel</span></p></blockquote></p><p></p><p> Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p><p><blockquote>Wish 获得了散户投资者的巨大吸引力，因为投资者正在寻找下一次大规模的空头挤压。由于Wish的大部分股票仍被锁定，其确切的空头比率很难估计。根据Seeking Alpha的数据，目前的空头比率仅为7%，但这个数字可能会更高。根据彭博终端数据，上周其空头权益占其股本流通量的百分比约为 48%。Fintel 等其他来源将当前空头交易量固定在 20-30%。现在，很难给出一个准确的估计，但总的来说，大概在这个范围内的某个地方，很多空头评级还有待覆盖。从长远来看，高空头利息可能是一个优势，如果股票开始上涨，就会导致更快的加速。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p><p><blockquote>我相信Wish仍然是电子商务中最被低估的资产之一，其平台上每月拥有超过1亿用户，并连接了来自世界各地的数千家商家。移动购物应用程序仍然是该领域下载量最高的购物应用程序之一，并具有独特的价值主张，这比乍一看更智能。此外，其与 PrestaShop 的最新合作伙伴关系将使超过 300,000 家商家免费获得直接集成，将他们直接连接到 Wish 的商家仪表板，从而进一步推动增长。虽然 Wish 不完善的商业模式存在风险，例如盈利能力滞后，但耐心的投资者可能会获得丰厚的回报。</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>Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-16 13:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>  <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>  <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>  <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p><p><blockquote><ul><li>Wish (ContextLogic) 仍然是电子商务交易中最被低估的资产之一，远期销售额仅为 1.3 倍。</li><li>Wish与PrestaShop的最新合作伙伴关系将进一步加速国际扩张和增长计划。</li><li>虽然由于其大部分流通量仍被锁定，因此很难找到有关其空头权益的准确数据，但我估计空头权益在 30-40% 之间。</li><li>我认为，包括高营销支出和停滞不前的用户数量在内的熊市论点已经在当前的股价中形成。</li></ul><p class=\"t-img-caption\"><span>JuSun/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Overview</b></p><p><blockquote><b>概述</b></blockquote></p><p> ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p><p><blockquote>ContextLogic (WISH) 对股东来说是一次疯狂的旅程，因为最近几周高波动性继续导致价格大幅波动。该电子商务平台最初于 12 月以每股 20 美元的价格上市，但由于势头驱动的反弹，2 月份股价飙升至 32 美元的历史新高。尽管如此，此后股价一直在稳步暴跌，6 月份触及 7 美元的历史低点，但在零售交易行业兴趣增加后，股价现在正在迅速复苏。在这里，该股因其高波动性、短期利息和巨大的上涨潜力而受到青睐。</blockquote></p><p> In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p><p><blockquote>在这种背景下，我认为高空头利息越来越多地将股价推至公允价值以下，耐心的投资者可能很快就会再次看到 20 美元或更高，因为该公司正在克服物流挑战，并将很快恢复规模经济。在这方面，电子商务平台具有独特的价值主张，并处于有利地位，可以在6万亿美元的电子商务行业中获得市场份额。</blockquote></p><p> <b>The Digital Dollar Tree</b></p><p><blockquote><b>数字美元树</b></blockquote></p><p> Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p><p><blockquote>Wish 作为一个电子商务平台受到了严厉批评，我几乎可以说，迄今为止，它作为中国商家第三方“直运”网站的形象让投资者远离了该股票。然而，这可能只是部分正确。从本质上讲，Wish 通过低价（低质量）产品和可能导致长达数周的缓慢交货时间颠覆了亚马逊（纳斯达克股票代码：AMZN）的商业模式。这是因为Wish不处理运输本身，这就是为什么它可以提供这些超低的价格，以2美元加2美元的运费提供一件连帽衫。</blockquote></p><p> Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p><p><blockquote>坦率地说，Wish仍然依赖中国商家，占其产品目录的大部分。考虑到大多数商品都是在中国生产的，因为生产成本是世界上最低的之一，这并不奇怪。亚马逊或 eBay（纳斯达克股票代码：eBay）上销售的大多数商品也是在中国生产的，尽管由于一日送达运输计划或更高的价格，它们获得了更高的知名度。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p><p><blockquote>现在，我把Wish看作是数字美元树，网上购物者可以在这里发现他们想要的而不是需要的商品。在这个过程中，客户对产品有了更多的耐心，愿意等待更长时间才能到货。随着其平台越来越受欢迎，Wish正在努力解决这两个问题（质量和商家多元化）。在这里，它一直在投资物流以提供更快的交付速度，物流收入同比增长 275% 就证明了这一点。由于这些收入提供的利润率较低，其整体毛利率也相应下降。然而，一旦该领域实现规模经济，利润率增长应该会逆转并回落至 70%。</blockquote></p><p> It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p><p><blockquote>它还通过不断扩大其国际商户基础来解决第二个问题。在这里，美国商家同比增长超过400%，其他国家也有类似的趋势。此外，它正在发展Wish Local，这是一项将本地企业连接到平台的服务，占所有Wish订单的7%。Wish local主要（或只）在美国有售，因此越来越多地与网站上的其他产品混合使用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：传感器塔</span></p></blockquote></p><p> I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p><p><blockquote>我也喜欢Wish通过利用人工智能匹配系统来吸引和留住用户的策略，该系统优化了平台增长、用户体验和商家投资回报。创建交互式移动购物体验的策略似乎运行良好：令人印象深刻的是，Wish每天从用户那里获得超过50万条评论，在这方面甚至超过了亚马逊和其他购物网站，这表明了该平台的吸引力。大约80%的首次购物者会再次购买。</blockquote></p><p></p><p> Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p><p><blockquote>因此，Wish能够在竞争激烈的电子商务市场中立足，为增长提供了巨大的跑道。目前，约40%的电子商务市场份额仅由亚马逊拥有。与亚马逊相比，其 TAM 可能有限，因为它专注于低收入市场，这也是它最初流行的原因。尽管如此，这仍然代表着 Wish 可以利用的价值 3 万亿美元的市场机会。还值得注意的是，据toreports报道，亚马逊试图以100亿美元收购Wish，但Wish拒绝了，认为将业务年销售额增长到1000亿美元，届时其估值将明显更高。</blockquote></p><p> <b>Negative Sentiment Baked In</b></p><p><blockquote><b>负面情绪持续存在</b></blockquote></p><p> Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p><p><blockquote>Wish 的前两个季度有点令人失望。虽然该公司轻松超出了收入预期，但为了投资物流，该公司烧掉了超过 3 亿美元的现金。然而，更重要的是，MAU 稳步下降，该公司将此归咎于公司在应对今年早些时候面临的物流挑战时不再强调广告和客户获取。</blockquote></p><p> <table>  <tbody>   <tr>    <td>Year</td>    <td>2020</td>    <td>2019</td>    <td>2018</td>   </tr>   <tr>    <td>Revenue</td>    <td>$2.54B</td>    <td>$1.9B</td>    <td>$1.73B</td>   </tr>   <tr>    <td>Gross Profit</td>    <td>$1.59B</td>    <td>$1.46B</td>    <td>$1.45B</td>   </tr>   <tr>    <td><b>Sales and Marketing</b></td>    <td><b>$1.71B (+17%)</b></td>    <td><b>$1.46B (-7%)</b></td>    <td><b>$1.57B</b></td>   </tr>   <tr>    <td>MAUs</td>    <td>107M (+19%)</td>    <td>90M (+10%)</p><p><blockquote><table><tbody><tr><td>年</td><td>2020</td><td>2019</td><td>2018</td></tr><tr><td>收入</td><td>$254B</td><td>19亿美元</td><td>17.3亿美元</td></tr><tr><td>毛利</td><td>15.9亿美元</td><td>14.6亿美元</td><td>14.5亿美元</td></tr><tr><td><b>销售及市场推广</b></td><td><b>17.1亿美元（+17%）</b></td><td><b>14.6亿美元（-7%）</b></td><td><b>$15.7B</b></td></tr><tr><td>老鼠</td><td>1.07亿（+19%）</td><td>90米（+10%）</td></tr></tbody></table></blockquote></p><p></td>    <td>82M</td>   </tr>   <tr>    <td><b>Active Buyers</b></td>    <td><b>64M (+3%)</b></td>    <td><b>62M (-3%)</b></td>    <td><b>64M</b></td>   </tr>  </tbody> </table> *Growth (Year-over-Year)</p><p><blockquote><td>82米</td><tr><td><b>活跃买家</b></td><td><b>6400万（+3%）</b></td><td><b>6200万（-3%）</b></td><td><b>64米</b></td></tr>*增长（同比）</blockquote></p><p> The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p><p><blockquote>反对 Wish 的最大理由是其高昂的营销费用，占其总收入的 60%，毛利润的 100% 以上。这完全没问题，除非它通过营销来增加活跃买家，但不幸的是，情况并非如此。这是一个危险信号，令人质疑 Wish 商业模式的长期可持续性。然而，该公司的现金流已接近正，并表示如果不是因为大量的营销费用，它已经实现了盈利。也就是说，只要Wish获得新的MAU并通过物流服务增加价值，从长远来看，其营销费用就会得到回报。此外，Wish 的营销费用占总收入的比例已从上一年的 67% 降至 60%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Wish IR</span></p></blockquote></p><p> In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p><p><blockquote>就前景而言，这是该公司本质上强调的。它认为营销费用可以降至 40-45%，从而使 EBITDA 利润率在中点范围内达到 25%。如果它实现这些雄心勃勃的目标（这是很有可能的），其利润率将与 eBay 或 MercadoLibre（纳斯达克股票代码：MELI）相似。无论哪种方式，Wish 的商业模式都并不完美，但在我看来，所有这些担忧都不仅仅体现在其当前的估值中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：YCharts</span></p></blockquote></p><p> Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p><p><blockquote>即使在最近一次上涨 +50% 之后，股价仍然远远落后于 Poshmark（纳斯达克股票代码：POSH）、eBay、亚马逊和 (Shopify（纽约证券交易所股票代码：SHOP）) 等同行。Wish 的预计收入超过 30 亿美元，其市销率仅为 1.8 倍，仅为 eBay 当前估值的一半，远低于 Poshmark。目前的估计是，到 2025 年，收入将超过 60 亿美元，自由现金流将达到 10 亿美元，这意味着 Wish 的交易价格仅为自由现金流估计的 7 倍，即销售额的 1 倍。2021年初，其市盈率接近5倍，因此存在估值扩张的潜力。</blockquote></p><p> <b>What about the Lawsuits?</b></p><p><blockquote><b>诉讼呢？</b></blockquote></p><p> Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p><p><blockquote>也许你已经看过关于集体诉讼的新闻（尤其是在雅虎财经上）。这些诉讼被广泛发布，以提醒投资者在近几个月股价下跌后挽回遭受的损失。当股票在短时间内大幅下跌时，此类诉讼并不罕见，投资者可能不会担心。这些诉讼还包括 CloverHealth（纳斯达克股票代码：CLOV）、Skillz（纽约证券交易所股票代码：SKLZ）、Array Technologies（纳斯达克股票代码：ARRY）等公司。</blockquote></p><p> Short Interest - Still High</p><p><blockquote>空头利息 - 仍然很高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Fintel</span></p></blockquote></p><p></p><p> Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p><p><blockquote>Wish 获得了散户投资者的巨大吸引力，因为投资者正在寻找下一次大规模的空头挤压。由于Wish的大部分股票仍被锁定，其确切的空头比率很难估计。根据Seeking Alpha的数据，目前的空头比率仅为7%，但这个数字可能会更高。根据彭博终端数据，上周其空头权益占其股本流通量的百分比约为 48%。Fintel 等其他来源将当前空头交易量固定在 20-30%。现在，很难给出一个准确的估计，但总的来说，大概在这个范围内的某个地方，很多空头评级还有待覆盖。从长远来看，高空头利息可能是一个优势，如果股票开始上涨，就会导致更快的加速。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p><p><blockquote>我相信Wish仍然是电子商务中最被低估的资产之一，其平台上每月拥有超过1亿用户，并连接了来自世界各地的数千家商家。移动购物应用程序仍然是该领域下载量最高的购物应用程序之一，并具有独特的价值主张，这比乍一看更智能。此外，其与 PrestaShop 的最新合作伙伴关系将使超过 300,000 家商家免费获得直接集成，将他们直接连接到 Wish 的商家仪表板，从而进一步推动增长。虽然 Wish 不完善的商业模式存在风险，例如盈利能力滞后，但耐心的投资者可能会获得丰厚的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148768572","content_text":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.\nWhile accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.\nI believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.\n\nJuSun/iStock via Getty Images\nOverview\nContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.\nIn this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.\nThe Digital Dollar Tree\nWish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.\nFrankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.\n\nNow, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.\nIt is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.\nSource: Sensor Tower\nI also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.\nWish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.\nNegative Sentiment Baked In\nWish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.\n\n\n\nYear\n2020\n2019\n2018\n\n\nRevenue\n$2.54B\n$1.9B\n$1.73B\n\n\nGross Profit\n$1.59B\n$1.46B\n$1.45B\n\n\nSales and Marketing\n$1.71B (+17%)\n$1.46B (-7%)\n$1.57B\n\n\nMAUs\n107M (+19%)\n90M (+10%)\n82M\n\n\nActive Buyers\n64M (+3%)\n62M (-3%)\n64M\n\n\n\n*Growth (Year-over-Year)\nThe largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.\nSource: Wish IR\nIn terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).\nData byYCharts\nEven after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.\nWhat about the Lawsuits?\nPerhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.\nShort Interest - Still High\nSource: Fintel\nWish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.\nThe Bottom Line\nI believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. 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!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/185449852","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":1032,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180806037,"gmtCreate":1623197049029,"gmtModify":1634035992305,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Aps together strong , comment and like pls","listText":"Aps together strong , comment and like pls","text":"Aps together strong , comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/180806037","repostId":"1128909306","repostType":4,"repost":{"id":"1128909306","kind":"news","pubTimestamp":1623193560,"share":"https://www.laohunote.com/m/news/1128909306?lang=zh_CN&edition=full","pubTime":"2021-06-09 07:06","market":"us","language":"en","title":"S&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128909306","media":"reuters","summary":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of c","content":"<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社） - 华尔街股市周二难以维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者观望，而散户交易员则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均以接近持平或更高的区间收盘，标普500和道琼斯工业平均指数收盘较历史高点约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>科技含量最高的纳斯达克综合指数表现最好，亚马逊和苹果提供了最大的提振。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 投资组合经理保罗-诺尔特（Paul Nolte）说：”我们在等待通胀数据，等待（美联储）的更多数据，等待财报季。“目前市场没有太多动力”。</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>“诺尔特补充说：”我们将处于这种阴暗地带，直到国庆节刚过，我们才会看到财报季的到来。</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小盘股再次受到持续的模因股票零售狂潮的提振，其表现优于大型同行。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments 在 meme 股票中名列前茅，飙升 85.8%，是纳斯达克最大的百分比赢家。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath &amp; Beyond Inc、Workhorse Group 等，收盘上涨 7% 至 12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>“诺尔特说：”（备忘录股票）是活跃的地方，但你把它翻过来，看看加密货币，那就一团糟了。“现在，迷因股正在取代加密货币成为主流，这一切都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求正在复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者期待着周四的消费者价格指数数据，以获取有关通胀的进一步线索，以及它将如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼斯工业平均指数下跌30.42点，跌幅0.09%，报34,599.82点；标普500上涨 0.74 点，或 0.02%，至 4,227.26 点；纳斯达克综合指数上涨 43.19 点，即 0.31%，至 13,924.91 点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>在标普500的11个主要行业中，非必需消费品的百分比涨幅最大，公用事业的跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车联会的数据，特斯拉公司5月份中国产电动汽车的销量猛增29%，同比增长177%。消息传出后，该股抹去了最初的涨幅，收盘下跌 0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空公司宣布订购了 34 架新的 737 MAX 飞机，提振了波音公司的股价，但该飞机制造商的股价收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与 Reddit 驱动的空头挤压现象关系密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 1.74 比 1；在纳斯达克，1.66比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和一个新低；纳斯达克综合指数创下172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 118.2 亿股，而过去 20 个交易日的平均成交量为 107.5 亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-06-09 07:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社） - 华尔街股市周二难以维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者观望，而散户交易员则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均以接近持平或更高的区间收盘，标普500和道琼斯工业平均指数收盘较历史高点约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>科技含量最高的纳斯达克综合指数表现最好，亚马逊和苹果提供了最大的提振。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 投资组合经理保罗-诺尔特（Paul Nolte）说：”我们在等待通胀数据，等待（美联储）的更多数据，等待财报季。“目前市场没有太多动力”。</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>“诺尔特补充说：”我们将处于这种阴暗地带，直到国庆节刚过，我们才会看到财报季的到来。</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小盘股再次受到持续的模因股票零售狂潮的提振，其表现优于大型同行。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments 在 meme 股票中名列前茅，飙升 85.8%，是纳斯达克最大的百分比赢家。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath &amp; Beyond Inc、Workhorse Group 等，收盘上涨 7% 至 12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>“诺尔特说：”（备忘录股票）是活跃的地方，但你把它翻过来，看看加密货币，那就一团糟了。“现在，迷因股正在取代加密货币成为主流，这一切都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求正在复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者期待着周四的消费者价格指数数据，以获取有关通胀的进一步线索，以及它将如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼斯工业平均指数下跌30.42点，跌幅0.09%，报34,599.82点；标普500上涨 0.74 点，或 0.02%，至 4,227.26 点；纳斯达克综合指数上涨 43.19 点，即 0.31%，至 13,924.91 点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>在标普500的11个主要行业中，非必需消费品的百分比涨幅最大，公用事业的跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车联会的数据，特斯拉公司5月份中国产电动汽车的销量猛增29%，同比增长177%。消息传出后，该股抹去了最初的涨幅，收盘下跌 0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空公司宣布订购了 34 架新的 737 MAX 飞机，提振了波音公司的股价，但该飞机制造商的股价收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与 Reddit 驱动的空头挤压现象关系密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 1.74 比 1；在纳斯达克，1.66比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和一个新低；纳斯达克综合指数创下172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 118.2 亿股，而过去 20 个交易日的平均成交量为 107.5 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX\">reuters</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","CLOV":"Clover Health Corp",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128909306","content_text":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&P 500 and the Dow closing within about 0.5% of record highs.The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath & Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.Of the 11 major sectors in the S&P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.The S&P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"CLOV":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191628748,"gmtCreate":1620876152584,"gmtModify":1634195652181,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"From lock down to reopening , what you all expect?","listText":"From lock down to reopening , what you all expect?","text":"From lock down to reopening , what you all expect?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/191628748","repostId":"2135584610","repostType":4,"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102422472,"gmtCreate":1620233717696,"gmtModify":1634206777509,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Super love this stock , to e freaking moon","listText":"Super love this stock , to e freaking moon","text":"Super love this stock , to e freaking moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/102422472","repostId":"2133852553","repostType":4,"isVote":1,"tweetType":1,"viewCount":650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116164919,"gmtCreate":1622781392831,"gmtModify":1634098050833,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Apes do not &nbsp;care","listText":"Apes do not &nbsp;care","text":"Apes do not care","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/116164919","repostId":"2140026421","repostType":4,"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133676321,"gmtCreate":1621747238363,"gmtModify":1634186797242,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"To e moon please ! In 2seconds","listText":"To e moon please ! In 2seconds","text":"To e moon please ! In 2seconds","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/133676321","repostId":"1111747453","repostType":4,"repost":{"id":"1111747453","kind":"news","pubTimestamp":1621609858,"share":"https://www.laohunote.com/m/news/1111747453?lang=zh_CN&edition=full","pubTime":"2021-05-21 23:10","market":"us","language":"en","title":"Tesla’s New Plaid Model Is Ready. That Should Help the Stock.<blockquote>特斯拉的新款格子图案已经准备就绪。这应该有助于股票。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111747453","media":"Barrons","summary":"Tesla’s updated Model S sedan is ready.CEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.Tesla stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the Dow","content":"<p>Tesla’s updated Model S sedan is ready.</p><p><blockquote>特斯拉更新后的 Model S 轿车已经准备就绪。</blockquote></p><p> CEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.</p><p><blockquote>首席执行官埃隆·马斯克 (Elon Musk) 周四在推特上表示，他的公司将于 6 月 3 日举办 Model S 电动汽车格子车型的交付活动。这是看好特斯拉股票的投资者一直在等待的一个里程碑，但这并不是最重要的里程碑。</blockquote></p><p> Beginning deliveries should help the stock—-a little.</p><p><blockquote>开始交付应该会对股票有所帮助——一点点。</blockquote></p><p> Tesla(ticker: TSLA) stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the&nbsp;Dow Jones Industrial Average.The&nbsp;S&amp;P 500&nbsp;was up 0.5%.</p><p><blockquote>特斯拉（股票代码：TSLA）股价周四在大盘上涨的情况下上涨 4.1%，但涨幅仍导致本周股价下跌。特斯拉股价周五交易中又上涨 0.8%，略好于道琼斯工业平均指数 0.7% 的涨幅。标普500上涨 0.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b73c480440da121bd6da538ca389d0ef\" tg-width=\"834\" tg-height=\"414\"></p><p><blockquote></blockquote></p><p> The Plaid is billed by Tesla as the fastest production car ever, going zero to 60 in under 2 seconds. A&nbsp;Bugatti Chiron, which costs about $2.3 million and is equipped with a 16-cylinder, four-turbocharger engine, can go zero to 60 in about 2.3 seconds.</p><p><blockquote>Plaid 被特斯拉宣传为有史以来最快的量产车，从零到 60 不到 2 秒。布加迪 Chiron 售价约 230 万美元，配备 16 缸四涡轮增压器发动机，可在约 2.3 秒内从 0 加速到 60。</blockquote></p><p> Electric motors have better torque at zero revolutions a minute, giving drivers an incredible jolt from their initial acceleration.</p><p><blockquote>电动机在每分钟零转时具有更好的扭矩，在初始加速时给驾驶员带来难以置信的震动。</blockquote></p><p> The&nbsp;Plaid edition&nbsp;of the Model S won’t cost anywhere near as much as a Chiron, but it will still run buyers $120,000 or more. Prices like that mean the car won’t sell in the high volumes seen from the Tesla Model 3 or Model Y. Those cars can be had for what a nicely equipped sedan from&nbsp;BMW&nbsp;(BMW.Germany) or evenToyota Motor&nbsp;(TM) or&nbsp;Honda&nbsp;(HMC) can cost.</p><p><blockquote>格子版 Model S 的价格远不及 Chiron，但仍将花费 12 万美元或更多。这样的价格意味着这款车的销量不会像特斯拉 Model 3 或 Model Y 那样高。这些汽车的价格与宝马 (BMW.Germany) 或丰田汽车 (TM) 或本田 (HMC) 的装备精良的轿车价格相当。</blockquote></p><p> Still, the launch highlights Tesla’s ability to update its designs. The first Model S went into production almost a decade ago. Its performance shows Tesla is improving on its technologies for battery management and electric motors.</p><p><blockquote>尽管如此，这次发布还是凸显了特斯拉更新设计的能力。第一辆 Model S 于近十年前投入生产。其表现表明特斯拉正在改进其电池管理和电动机技术。</blockquote></p><p> All that is important for perceptions about Tesla, but there are bigger things on investors’ minds. Tesla is building new capacity in Austin, Texas, andBerlin. Investors want to see both plants on line by the end of the year, giving Tesla the output capacity needed to increase sales.</p><p><blockquote>所有这些对人们对特斯拉的看法都很重要，但投资者心中还有更重要的事情。特斯拉正在德克萨斯奥斯汀和柏林建设新的产能。投资者希望看到这两家工厂在今年年底前上线，从而为特斯拉提供增加销量所需的产能。</blockquote></p><p> Investors also want updates about the company’s autonomous driving programs. Musk has boasted the company is close to&nbsp;achieving fully autonomous cars&nbsp;with newer versions of its self-driving software. The new versions probably won’t mean drivers can actually leave the driver seat, but better driver-assistance functions are a competitive advantage for auto makers.</p><p><blockquote>投资者还希望了解该公司自动驾驶项目的最新情况。马斯克吹嘘说，该公司即将通过新版本的自动驾驶软件实现全自动驾驶汽车。新版本可能并不意味着驾驶员可以真正离开驾驶座，但更好的驾驶辅助功能是汽车制造商的竞争优势。</blockquote></p><p> The next version of the Tesla software is due to roll out in coming weeks.</p><p><blockquote>特斯拉软件的下一个版本将在未来几周内推出。</blockquote></p><p> Capacity and autonomous driving have the potential to lift the stock in coming years. The Model S Plaid can help it in coming quarters.</p><p><blockquote>产能和自动驾驶有可能在未来几年提振该股。Model S Plaid 可以在未来几个季度为其提供帮助。</blockquote></p><p> Tesla stock is in need of a lift. Shares are down about 35% from their 52-week high of more than $900, reached in January.</p><p><blockquote>特斯拉股票需要提振。股价较 1 月份触及的 52 周高点超过 900 美元下跌约 35%。</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>Tesla’s New Plaid Model Is Ready. That Should Help the Stock.<blockquote>特斯拉的新款格子图案已经准备就绪。这应该有助于股票。</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\">\nTesla’s New Plaid Model Is Ready. That Should Help the Stock.<blockquote>特斯拉的新款格子图案已经准备就绪。这应该有助于股票。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-21 23:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla’s updated Model S sedan is ready.</p><p><blockquote>特斯拉更新后的 Model S 轿车已经准备就绪。</blockquote></p><p> CEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.</p><p><blockquote>首席执行官埃隆·马斯克 (Elon Musk) 周四在推特上表示，他的公司将于 6 月 3 日举办 Model S 电动汽车格子车型的交付活动。这是看好特斯拉股票的投资者一直在等待的一个里程碑，但这并不是最重要的里程碑。</blockquote></p><p> Beginning deliveries should help the stock—-a little.</p><p><blockquote>开始交付应该会对股票有所帮助——一点点。</blockquote></p><p> Tesla(ticker: TSLA) stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the&nbsp;Dow Jones Industrial Average.The&nbsp;S&amp;P 500&nbsp;was up 0.5%.</p><p><blockquote>特斯拉（股票代码：TSLA）股价周四在大盘上涨的情况下上涨 4.1%，但涨幅仍导致本周股价下跌。特斯拉股价周五交易中又上涨 0.8%，略好于道琼斯工业平均指数 0.7% 的涨幅。标普500上涨 0.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b73c480440da121bd6da538ca389d0ef\" tg-width=\"834\" tg-height=\"414\"></p><p><blockquote></blockquote></p><p> The Plaid is billed by Tesla as the fastest production car ever, going zero to 60 in under 2 seconds. A&nbsp;Bugatti Chiron, which costs about $2.3 million and is equipped with a 16-cylinder, four-turbocharger engine, can go zero to 60 in about 2.3 seconds.</p><p><blockquote>Plaid 被特斯拉宣传为有史以来最快的量产车，从零到 60 不到 2 秒。布加迪 Chiron 售价约 230 万美元，配备 16 缸四涡轮增压器发动机，可在约 2.3 秒内从 0 加速到 60。</blockquote></p><p> Electric motors have better torque at zero revolutions a minute, giving drivers an incredible jolt from their initial acceleration.</p><p><blockquote>电动机在每分钟零转时具有更好的扭矩，在初始加速时给驾驶员带来难以置信的震动。</blockquote></p><p> The&nbsp;Plaid edition&nbsp;of the Model S won’t cost anywhere near as much as a Chiron, but it will still run buyers $120,000 or more. Prices like that mean the car won’t sell in the high volumes seen from the Tesla Model 3 or Model Y. Those cars can be had for what a nicely equipped sedan from&nbsp;BMW&nbsp;(BMW.Germany) or evenToyota Motor&nbsp;(TM) or&nbsp;Honda&nbsp;(HMC) can cost.</p><p><blockquote>格子版 Model S 的价格远不及 Chiron，但仍将花费 12 万美元或更多。这样的价格意味着这款车的销量不会像特斯拉 Model 3 或 Model Y 那样高。这些汽车的价格与宝马 (BMW.Germany) 或丰田汽车 (TM) 或本田 (HMC) 的装备精良的轿车价格相当。</blockquote></p><p> Still, the launch highlights Tesla’s ability to update its designs. The first Model S went into production almost a decade ago. Its performance shows Tesla is improving on its technologies for battery management and electric motors.</p><p><blockquote>尽管如此，这次发布还是凸显了特斯拉更新设计的能力。第一辆 Model S 于近十年前投入生产。其表现表明特斯拉正在改进其电池管理和电动机技术。</blockquote></p><p> All that is important for perceptions about Tesla, but there are bigger things on investors’ minds. Tesla is building new capacity in Austin, Texas, andBerlin. Investors want to see both plants on line by the end of the year, giving Tesla the output capacity needed to increase sales.</p><p><blockquote>所有这些对人们对特斯拉的看法都很重要，但投资者心中还有更重要的事情。特斯拉正在德克萨斯奥斯汀和柏林建设新的产能。投资者希望看到这两家工厂在今年年底前上线，从而为特斯拉提供增加销量所需的产能。</blockquote></p><p> Investors also want updates about the company’s autonomous driving programs. Musk has boasted the company is close to&nbsp;achieving fully autonomous cars&nbsp;with newer versions of its self-driving software. The new versions probably won’t mean drivers can actually leave the driver seat, but better driver-assistance functions are a competitive advantage for auto makers.</p><p><blockquote>投资者还希望了解该公司自动驾驶项目的最新情况。马斯克吹嘘说，该公司即将通过新版本的自动驾驶软件实现全自动驾驶汽车。新版本可能并不意味着驾驶员可以真正离开驾驶座，但更好的驾驶辅助功能是汽车制造商的竞争优势。</blockquote></p><p> The next version of the Tesla software is due to roll out in coming weeks.</p><p><blockquote>特斯拉软件的下一个版本将在未来几周内推出。</blockquote></p><p> Capacity and autonomous driving have the potential to lift the stock in coming years. The Model S Plaid can help it in coming quarters.</p><p><blockquote>产能和自动驾驶有可能在未来几年提振该股。Model S Plaid 可以在未来几个季度为其提供帮助。</blockquote></p><p> Tesla stock is in need of a lift. Shares are down about 35% from their 52-week high of more than $900, reached in January.</p><p><blockquote>特斯拉股票需要提振。股价较 1 月份触及的 52 周高点超过 900 美元下跌约 35%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-model-s-new-plaid-model-ready-51621608150?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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-model-s-new-plaid-model-ready-51621608150?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111747453","content_text":"Tesla’s updated Model S sedan is ready.\nCEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.\nBeginning deliveries should help the stock—-a little.\nTesla(ticker: TSLA) stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the Dow Jones Industrial Average.The S&P 500 was up 0.5%.\n\nThe Plaid is billed by Tesla as the fastest production car ever, going zero to 60 in under 2 seconds. A Bugatti Chiron, which costs about $2.3 million and is equipped with a 16-cylinder, four-turbocharger engine, can go zero to 60 in about 2.3 seconds.\nElectric motors have better torque at zero revolutions a minute, giving drivers an incredible jolt from their initial acceleration.\nThe Plaid edition of the Model S won’t cost anywhere near as much as a Chiron, but it will still run buyers $120,000 or more. Prices like that mean the car won’t sell in the high volumes seen from the Tesla Model 3 or Model Y. Those cars can be had for what a nicely equipped sedan from BMW (BMW.Germany) or evenToyota Motor (TM) or Honda (HMC) can cost.\nStill, the launch highlights Tesla’s ability to update its designs. The first Model S went into production almost a decade ago. Its performance shows Tesla is improving on its technologies for battery management and electric motors.\nAll that is important for perceptions about Tesla, but there are bigger things on investors’ minds. Tesla is building new capacity in Austin, Texas, andBerlin. Investors want to see both plants on line by the end of the year, giving Tesla the output capacity needed to increase sales.\nInvestors also want updates about the company’s autonomous driving programs. Musk has boasted the company is close to achieving fully autonomous cars with newer versions of its self-driving software. The new versions probably won’t mean drivers can actually leave the driver seat, but better driver-assistance functions are a competitive advantage for auto makers.\nThe next version of the Tesla software is due to roll out in coming weeks.\nCapacity and autonomous driving have the potential to lift the stock in coming years. The Model S Plaid can help it in coming quarters.\nTesla stock is in need of a lift. Shares are down about 35% from their 52-week high of more than $900, reached in January.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139985542,"gmtCreate":1621584619486,"gmtModify":1634187882357,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Only 1 percent?","listText":"Only 1 percent?","text":"Only 1 percent?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/139985542","repostId":"2137908951","repostType":4,"repost":{"id":"2137908951","kind":"highlight","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":1621584266,"share":"https://www.laohunote.com/m/news/2137908951?lang=zh_CN&edition=full","pubTime":"2021-05-21 16:04","market":"us","language":"en","title":"Tesla stock rose more than 1% in premarket trading<blockquote>特斯拉股价在盘前交易中上涨超过1%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2137908951","media":"Tiger Newspress","summary":"Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there.Addressing an event in Russia via video link, Tesla boss Musk said the company already had production sites in China and the United States, but was looking at opening production facilities in other parts of the world.","content":"<p>Tesla stock rose more than 1% in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中上涨超过1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0e12953282e56db2a0215737b408d3c5\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there.</p><p><blockquote>埃隆·马斯克周五表示，特斯拉即将在俄罗斯开展业务，并正在考虑是否可以在俄罗斯开设工厂。</blockquote></p><p>Addressing an event in Russia via video link, Tesla boss Musk said the company already had production sites in China and the United States, but was looking at opening production facilities in other parts of the world.</p><p><blockquote>特斯拉老板马斯克通过视频链接在俄罗斯举行的一次活动上发表讲话时表示，该公司已经在中国和美国拥有生产基地，但正在考虑在世界其他地区开设生产设施。</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>Tesla stock rose more than 1% in premarket trading<blockquote>特斯拉股价在盘前交易中上涨超过1%</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\">\nTesla stock rose more than 1% in premarket trading<blockquote>特斯拉股价在盘前交易中上涨超过1%</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\">2021-05-21 16:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla stock rose more than 1% in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中上涨超过1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0e12953282e56db2a0215737b408d3c5\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there.</p><p><blockquote>埃隆·马斯克周五表示，特斯拉即将在俄罗斯开展业务，并正在考虑是否可以在俄罗斯开设工厂。</blockquote></p><p>Addressing an event in Russia via video link, Tesla boss Musk said the company already had production sites in China and the United States, but was looking at opening production facilities in other parts of the world.</p><p><blockquote>特斯拉老板马斯克通过视频链接在俄罗斯举行的一次活动上发表讲话时表示，该公司已经在中国和美国拥有生产基地，但正在考虑在世界其他地区开设生产设施。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137908951","content_text":"Tesla stock rose more than 1% in premarket trading.Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there.Addressing an event in Russia via video link, Tesla boss Musk said the company already had production sites in China and the United States, but was looking at opening production facilities in other parts of the world.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104122746,"gmtCreate":1620365964385,"gmtModify":1634205727188,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582779426446979","authorIdStr":"3582779426446979"},"themes":[],"title":"","htmlText":"Inflation coming ? Maybe ...","listText":"Inflation coming ? Maybe ...","text":"Inflation coming ? Maybe ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/104122746","repostId":"1159582956","repostType":4,"repost":{"id":"1159582956","kind":"news","pubTimestamp":1620353641,"share":"https://www.laohunote.com/m/news/1159582956?lang=zh_CN&edition=full","pubTime":"2021-05-07 10:14","market":"us","language":"en","title":"Steel prices have tripled. Now Bank of America is sounding the alarm<blockquote>钢铁价格翻了两倍。现在美国银行敲响了警钟</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159582956","media":"CNN","summary":"New York (CNN Business)A bubble could be brewing in steel stocks.The pandemic brought the American s","content":"<p>New York (CNN Business)A bubble could be brewing in steel stocks.</p><p><blockquote>纽约（CNN Business）钢铁股可能正在酝酿泡沫。</blockquote></p><p>The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage.Now, thereopening of the economyis driving a steel boom so strong that some are convinced it will end in tears.</p><p><blockquote>去年春天，疫情使美国钢铁行业陷入瘫痪，迫使制造商在经济崩溃中挣扎求生时关闭生产。但随着经济复苏的进行，钢厂恢复生产的速度很慢，这造成了严重的钢铁短缺。现在，经济的开放正在推动钢铁繁荣如此强劲，以至于一些人确信它将以泪水告终。</blockquote></p><p>The correction will be very intense. It's just a matter of when and how it happens.\"PHIL GIBBS, DIRECTOR OF METALS EQUITY RESEARCH AT KEYBANC CAPITAL MARKETS\"This is going to be short-lived. It's very appropriate to call this a bubble,\" Bank of America analyst Timna Tanners told CNN Business, using the \"b-word\" that equity analysts from major banks typically avoid.</p><p><blockquote>调整会非常激烈。这只是何时以及如何发生的问题。”KEYBANC CAPITAL MARKETS 金属股票研究总监 PHIL GIBBS 表示：“这将是短暂的。将其看涨期权为泡沫是非常合适的，”美国银行分析师蒂姆纳·坦纳斯 (Timna Tanners) 告诉 CNN Business，他使用了主要银行股票分析师通常避免的“b 字”。</blockquote></p><p>After bottoming out around $460 last year, US benchmark hot-rolled coil steel prices are now sitting at around $1,500 a ton, a record high that is nearly triple the 20-year average.</p><p><blockquote>在去年触底460美元左右后，美国基准热轧卷钢价格目前徘徊在每吨1500美元左右，创下历史新高，几乎是20年平均水平的三倍。</blockquote></p><p>Steel stocks are on fire.US Steel(X), whichcrashed to a record low last Marchamid bankruptcy fears, has skyrocketed 200% in just 12 months.Nucor(NUE)has spiked 76% this year alone.</p><p><blockquote>钢铁股正在燃烧。去年 3 月因破产担忧而暴跌至历史新低的美国钢铁公司 (X) 在短短 12 个月内飙升了 200%。纽柯 (NUE) 仅今年就飙升了 76%。</blockquote></p><p>While \"scarcity and panic\" are lifting steel prices and stocks today, Tanners predicted a painful reversal as supply catches up with what she described as unimpressive demand.\"</p><p><blockquote>虽然“短缺和恐慌”今天正在推高钢铁价格和库存，但坦纳斯预测，随着供应赶上她所说的平淡无奇的需求，情况将出现痛苦的逆转。”</blockquote></p><p>We expect this will correct — and often when it corrects, it over-corrects,\" said Tanners, a two-decade veteran of the metals industry who authored a report last week headlined \"Steel stocks in a bubble.\"<img src=\"https://static.tigerbbs.com/f33289af0729f9042e5dcc23e7f56ad7\" tg-width=\"782\" tg-height=\"522\">'A bit frothy'</p><p><blockquote>我们预计这种情况会得到纠正——而且当它纠正时，往往会过度纠正，”在金属行业工作了二十年的资深人士坦纳斯说，他上周撰写了一份题为《泡沫中的钢铁股》的报告。“有点泡沫”</blockquote></p><p>Phil Gibbs, director of metals equity research at KeyBanc Capital Markets, agreed that steel prices are at unsustainable levels.</p><p><blockquote>KeyBanc Capital Markets 金属股票研究总监菲尔·吉布斯 (Phil Gibbs) 同意钢铁价格处于不可持续的水平。</blockquote></p><p>\"This would be like $170-a-barrel oil. At some point, people will say, 'F this, I'm not going to drive, I will take the bus,'\" Gibbs told CNN Business. \"The correction will be very intense. It's just a matter of when and how it happens.\"</p><p><blockquote>吉布斯告诉美国有线电视新闻网商业频道：“这相当于每桶 170 美元的石油价格。在某些时候，人们会说，‘既然如此，我就不开车了，我要坐公共汽车。’”“整改力度会非常大，只是时间和方式的问题。”</blockquote></p><p>Gibbs said he is \"more confident the steel price is in a bubble,\" rather than that steel stocks themselves are in a bubble.</p><p><blockquote>吉布斯表示，他“更有信心钢铁价格处于泡沫中”，而不是钢铁股本身处于泡沫中。</blockquote></p><p>The steel bubble buzz is just the latest debate about the sustainability of booming pockets of the market in this era of rock-bottom interest rates. Bitcoin, ethereum, dogecoin and other cryptocurrencies are on fire. GameStop (GME), AMC (AMC) and their fellow Reddit-fueled stocks skyrocketed earlier this year. And blank-check companies, some backed by celebrities, are raising gobs of money.</p><p><blockquote>钢铁泡沫的传闻只是在这个利率触底的时代，关于蓬勃发展的市场的可持续性的最新辩论。比特币、以太币、狗狗币和其他加密货币正在燃烧。游戏驿站 (GME)、AMC (AMC) 及其 Reddit 推动的股票今年早些时候飙升。空白支票公司，其中一些由名人支持，正在筹集大量资金。</blockquote></p><p>Even Federal Reserve Chairman Jerome Powell has acknowledged the risk of overspeculation.</p><p><blockquote>就连美联储主席杰罗姆·鲍威尔也承认过度投机的风险。</blockquote></p><p>\"You are seeing things in capital markets that are a bit frothy,\" Powell said during last week's press conference. \"That's a fact. I won't say it has nothing to do with monetary policy, but also it has a tremendous amount to do with vaccination and reopening of the economy.\"</p><p><blockquote>鲍威尔在上周的新闻发布会上表示：“你在资本市场上看到的事情有点泡沫。”“这是事实。我不会说这与货币政策无关，但它与疫苗接种和经济重新开放也有很大关系。”</blockquote></p><p>Yet another shortage as the economy reopens</p><p><blockquote>随着经济重新开放，又出现短缺</blockquote></p><p>Steel is just the latest shortage to hit the US economy as it recovers from a pandemic that scrambled supply chains and set off sharp shifts in demand.</p><p><blockquote>钢铁只是美国经济从疫情中复苏的最新一次短缺，疫情扰乱了供应链，引发了需求的急剧变化。</blockquote></p><p>Everything from computer chips and lumber to chlorine and tanker truck drivers are in short supply. Manufacturers, restaurants and other businesses are also desperate for workers.</p><p><blockquote>从电脑芯片和木材到氯和油罐车司机，一切都供不应求。制造商、餐馆和其他企业也急需工人。</blockquote></p><p>Meanwhile, the International Energy Agency warned this week that there isn't enough copper, lithium and other raw earth minerals available to make global clean energy ambitions a reality. The world risks \"running out of copper,\" Bank of America strategists said in a recent note to clients.</p><p><blockquote>与此同时，国际能源署本周警告称，没有足够的铜、锂和其他原始地球矿物来实现全球清洁能源的雄心。美国银行策略师在最近给客户的一份报告中表示，世界面临“铜枯竭”的风险。</blockquote></p><p>Much like lumber, the steel industry was caught off guard by the rapid recovery in demand that began last summer — especially in the auto industry.</p><p><blockquote>就像木材一样，钢铁行业对去年夏天开始的需求快速复苏感到措手不及——尤其是汽车行业。</blockquote></p><p>\"All of a sudden people were buying lots of cars,\" said Tanners, the Bank of America analyst.</p><p><blockquote>美国银行分析师坦纳斯表示：“突然间，人们开始购买大量汽车。”</blockquote></p><p>And it took time for America's aging steel mills to resume the production they had sharply cut at the onset of the pandemic. Steel inventories shrank rapidly and shipments were delayed, just as steel buyers began ordering more than usual.</p><p><blockquote>美国老化的钢铁厂花了一段时间才恢复在疫情爆发时大幅削减的产量。钢铁库存迅速萎缩，发货被推迟，而钢铁买家开始比平时订购更多。</blockquote></p><p>'Peak' prices?</p><p><blockquote>“峰值”价格？</blockquote></p><p>The good news, for steel buyers at least, is that analysts say all of the US steel production capacity that was idled during the pandemic has returned.</p><p><blockquote>至少对钢铁买家来说，好消息是分析师表示，疫情期间闲置的所有美国钢铁产能都已恢复。</blockquote></p><p>That's why Tanners said she's very confident the shortage will soon end, causing steel prices to collapse. History shows that steel stocks \"tend to peak\" a month or so before steel prices, Tanners wrote in her report.</p><p><blockquote>这就是为什么坦纳斯表示，她非常有信心短缺很快就会结束，导致钢铁价格暴跌。坦纳斯在报告中写道，历史表明，钢铁库存“往往会在钢铁价格上涨前一个月左右达到顶峰”。</blockquote></p><p>She said US Steel in particular is vulnerable to a commodity downturn because it has the most amount of debt and the greatest need to spend to upgrade its plants.</p><p><blockquote>她表示，美国钢铁公司尤其容易受到大宗商品低迷的影响，因为它拥有最多的债务，并且最需要支出来升级其工厂。</blockquote></p><p>But for now, steel stocks may continue to look attractive to investors because the industry is minting money at the moment. The North American flat steel sector is expected to generate record earnings in 2021, according to Citigroup.</p><p><blockquote>但就目前而言，钢铁股可能会继续对投资者具有吸引力，因为该行业目前正在赚钱。花旗集团表示，北美扁钢行业预计将在 2021 年产生创纪录的盈利。</blockquote></p><p></p><p>\"Current steel prices are peak (or close to it) ... and will correct sharply lower at some point,\" Citi analyst Alexander Hacking wrote in a note to clients Wednesday. \"The current scenario presents investors with the classic peak earnings dilemma.\"</p><p><blockquote>花旗分析师亚历山大·哈金 (Alexander Hacking) 周三在给客户的一份报告中写道：“目前的钢铁价格已达到峰值（或接近峰值）……并将在某个时候大幅回调。”“目前的情况给投资者带来了典型的盈利峰值困境。”</blockquote></p><p>Hacking warned though that steel stocks can't escape a commodity downturn. \"We can recall exactly zero examples where steel equities have gone up during 25%+ metal price corrections,\" he wrote.</p><p><blockquote>不过，黑客警告说，钢铁股无法逃脱大宗商品低迷的影响。“我们可以回忆起在金属价格调整 25% 以上期间钢铁股上涨的例子，”他写道。</blockquote></p><p>The fate of Trump's tariffs</p><p><blockquote>特朗普关税的命运</blockquote></p><p>Of course, those predicting a steel downturn may be underestimating the strength of the global economic recovery. A longer lasting boom could lift steel demand enough to keep prices lofty. Another risk is whether tougher environmental regulations in China will limit steel supply there.</p><p><blockquote>当然，那些预测钢铁低迷的人可能低估了全球经济复苏的力度。持续时间更长的繁荣可能会提振钢铁需求，使钢铁价格保持高位。另一个风险是中国更严格的环境法规是否会限制那里的钢铁供应。</blockquote></p><p>One big wildcard is the fate of the tariffs on most imported steel the Trump administration imposed in 2018 to boost the domestic industry.</p><p><blockquote>一个很大的未知数是特朗普执政在2018年对大多数进口钢铁征收关税以促进国内工业的命运。</blockquote></p><p>If the Biden administration rolls back even just some of those tariffs, it would ease supply constraints and weigh on steel prices.</p><p><blockquote>如果拜登政府取消哪怕部分关税，也会缓解供应限制并打压钢铁价格。</blockquote></p><p>Tanners thinks that is likely to happen in the next 12 months.</p><p><blockquote>坦纳斯认为这可能会在未来12个月内发生。</blockquote></p><p>\"We are protecting an industry where there is scarcity and prices are almost triple historical averages,\" she said.</p><p><blockquote>“我们正在保护一个短缺且价格几乎是历史平均水平三倍的行业，”她说。</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>Steel prices have tripled. Now Bank of America is sounding the alarm<blockquote>钢铁价格翻了两倍。现在美国银行敲响了警钟</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\">\nSteel prices have tripled. Now Bank of America is sounding the alarm<blockquote>钢铁价格翻了两倍。现在美国银行敲响了警钟</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-05-07 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)A bubble could be brewing in steel stocks.</p><p><blockquote>纽约（CNN Business）钢铁股可能正在酝酿泡沫。</blockquote></p><p>The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage.Now, thereopening of the economyis driving a steel boom so strong that some are convinced it will end in tears.</p><p><blockquote>去年春天，疫情使美国钢铁行业陷入瘫痪，迫使制造商在经济崩溃中挣扎求生时关闭生产。但随着经济复苏的进行，钢厂恢复生产的速度很慢，这造成了严重的钢铁短缺。现在，经济的开放正在推动钢铁繁荣如此强劲，以至于一些人确信它将以泪水告终。</blockquote></p><p>The correction will be very intense. It's just a matter of when and how it happens.\"PHIL GIBBS, DIRECTOR OF METALS EQUITY RESEARCH AT KEYBANC CAPITAL MARKETS\"This is going to be short-lived. It's very appropriate to call this a bubble,\" Bank of America analyst Timna Tanners told CNN Business, using the \"b-word\" that equity analysts from major banks typically avoid.</p><p><blockquote>调整会非常激烈。这只是何时以及如何发生的问题。”KEYBANC CAPITAL MARKETS 金属股票研究总监 PHIL GIBBS 表示：“这将是短暂的。将其看涨期权为泡沫是非常合适的，”美国银行分析师蒂姆纳·坦纳斯 (Timna Tanners) 告诉 CNN Business，他使用了主要银行股票分析师通常避免的“b 字”。</blockquote></p><p>After bottoming out around $460 last year, US benchmark hot-rolled coil steel prices are now sitting at around $1,500 a ton, a record high that is nearly triple the 20-year average.</p><p><blockquote>在去年触底460美元左右后，美国基准热轧卷钢价格目前徘徊在每吨1500美元左右，创下历史新高，几乎是20年平均水平的三倍。</blockquote></p><p>Steel stocks are on fire.US Steel(X), whichcrashed to a record low last Marchamid bankruptcy fears, has skyrocketed 200% in just 12 months.Nucor(NUE)has spiked 76% this year alone.</p><p><blockquote>钢铁股正在燃烧。去年 3 月因破产担忧而暴跌至历史新低的美国钢铁公司 (X) 在短短 12 个月内飙升了 200%。纽柯 (NUE) 仅今年就飙升了 76%。</blockquote></p><p>While \"scarcity and panic\" are lifting steel prices and stocks today, Tanners predicted a painful reversal as supply catches up with what she described as unimpressive demand.\"</p><p><blockquote>虽然“短缺和恐慌”今天正在推高钢铁价格和库存，但坦纳斯预测，随着供应赶上她所说的平淡无奇的需求，情况将出现痛苦的逆转。”</blockquote></p><p>We expect this will correct — and often when it corrects, it over-corrects,\" said Tanners, a two-decade veteran of the metals industry who authored a report last week headlined \"Steel stocks in a bubble.\"<img src=\"https://static.tigerbbs.com/f33289af0729f9042e5dcc23e7f56ad7\" tg-width=\"782\" tg-height=\"522\">'A bit frothy'</p><p><blockquote>我们预计这种情况会得到纠正——而且当它纠正时，往往会过度纠正，”在金属行业工作了二十年的资深人士坦纳斯说，他上周撰写了一份题为《泡沫中的钢铁股》的报告。“有点泡沫”</blockquote></p><p>Phil Gibbs, director of metals equity research at KeyBanc Capital Markets, agreed that steel prices are at unsustainable levels.</p><p><blockquote>KeyBanc Capital Markets 金属股票研究总监菲尔·吉布斯 (Phil Gibbs) 同意钢铁价格处于不可持续的水平。</blockquote></p><p>\"This would be like $170-a-barrel oil. At some point, people will say, 'F this, I'm not going to drive, I will take the bus,'\" Gibbs told CNN Business. \"The correction will be very intense. It's just a matter of when and how it happens.\"</p><p><blockquote>吉布斯告诉美国有线电视新闻网商业频道：“这相当于每桶 170 美元的石油价格。在某些时候，人们会说，‘既然如此，我就不开车了，我要坐公共汽车。’”“整改力度会非常大，只是时间和方式的问题。”</blockquote></p><p>Gibbs said he is \"more confident the steel price is in a bubble,\" rather than that steel stocks themselves are in a bubble.</p><p><blockquote>吉布斯表示，他“更有信心钢铁价格处于泡沫中”，而不是钢铁股本身处于泡沫中。</blockquote></p><p>The steel bubble buzz is just the latest debate about the sustainability of booming pockets of the market in this era of rock-bottom interest rates. Bitcoin, ethereum, dogecoin and other cryptocurrencies are on fire. GameStop (GME), AMC (AMC) and their fellow Reddit-fueled stocks skyrocketed earlier this year. And blank-check companies, some backed by celebrities, are raising gobs of money.</p><p><blockquote>钢铁泡沫的传闻只是在这个利率触底的时代，关于蓬勃发展的市场的可持续性的最新辩论。比特币、以太币、狗狗币和其他加密货币正在燃烧。游戏驿站 (GME)、AMC (AMC) 及其 Reddit 推动的股票今年早些时候飙升。空白支票公司，其中一些由名人支持，正在筹集大量资金。</blockquote></p><p>Even Federal Reserve Chairman Jerome Powell has acknowledged the risk of overspeculation.</p><p><blockquote>就连美联储主席杰罗姆·鲍威尔也承认过度投机的风险。</blockquote></p><p>\"You are seeing things in capital markets that are a bit frothy,\" Powell said during last week's press conference. \"That's a fact. I won't say it has nothing to do with monetary policy, but also it has a tremendous amount to do with vaccination and reopening of the economy.\"</p><p><blockquote>鲍威尔在上周的新闻发布会上表示：“你在资本市场上看到的事情有点泡沫。”“这是事实。我不会说这与货币政策无关，但它与疫苗接种和经济重新开放也有很大关系。”</blockquote></p><p>Yet another shortage as the economy reopens</p><p><blockquote>随着经济重新开放，又出现短缺</blockquote></p><p>Steel is just the latest shortage to hit the US economy as it recovers from a pandemic that scrambled supply chains and set off sharp shifts in demand.</p><p><blockquote>钢铁只是美国经济从疫情中复苏的最新一次短缺，疫情扰乱了供应链，引发了需求的急剧变化。</blockquote></p><p>Everything from computer chips and lumber to chlorine and tanker truck drivers are in short supply. Manufacturers, restaurants and other businesses are also desperate for workers.</p><p><blockquote>从电脑芯片和木材到氯和油罐车司机，一切都供不应求。制造商、餐馆和其他企业也急需工人。</blockquote></p><p>Meanwhile, the International Energy Agency warned this week that there isn't enough copper, lithium and other raw earth minerals available to make global clean energy ambitions a reality. The world risks \"running out of copper,\" Bank of America strategists said in a recent note to clients.</p><p><blockquote>与此同时，国际能源署本周警告称，没有足够的铜、锂和其他原始地球矿物来实现全球清洁能源的雄心。美国银行策略师在最近给客户的一份报告中表示，世界面临“铜枯竭”的风险。</blockquote></p><p>Much like lumber, the steel industry was caught off guard by the rapid recovery in demand that began last summer — especially in the auto industry.</p><p><blockquote>就像木材一样，钢铁行业对去年夏天开始的需求快速复苏感到措手不及——尤其是汽车行业。</blockquote></p><p>\"All of a sudden people were buying lots of cars,\" said Tanners, the Bank of America analyst.</p><p><blockquote>美国银行分析师坦纳斯表示：“突然间，人们开始购买大量汽车。”</blockquote></p><p>And it took time for America's aging steel mills to resume the production they had sharply cut at the onset of the pandemic. Steel inventories shrank rapidly and shipments were delayed, just as steel buyers began ordering more than usual.</p><p><blockquote>美国老化的钢铁厂花了一段时间才恢复在疫情爆发时大幅削减的产量。钢铁库存迅速萎缩，发货被推迟，而钢铁买家开始比平时订购更多。</blockquote></p><p>'Peak' prices?</p><p><blockquote>“峰值”价格？</blockquote></p><p>The good news, for steel buyers at least, is that analysts say all of the US steel production capacity that was idled during the pandemic has returned.</p><p><blockquote>至少对钢铁买家来说，好消息是分析师表示，疫情期间闲置的所有美国钢铁产能都已恢复。</blockquote></p><p>That's why Tanners said she's very confident the shortage will soon end, causing steel prices to collapse. History shows that steel stocks \"tend to peak\" a month or so before steel prices, Tanners wrote in her report.</p><p><blockquote>这就是为什么坦纳斯表示，她非常有信心短缺很快就会结束，导致钢铁价格暴跌。坦纳斯在报告中写道，历史表明，钢铁库存“往往会在钢铁价格上涨前一个月左右达到顶峰”。</blockquote></p><p>She said US Steel in particular is vulnerable to a commodity downturn because it has the most amount of debt and the greatest need to spend to upgrade its plants.</p><p><blockquote>她表示，美国钢铁公司尤其容易受到大宗商品低迷的影响，因为它拥有最多的债务，并且最需要支出来升级其工厂。</blockquote></p><p>But for now, steel stocks may continue to look attractive to investors because the industry is minting money at the moment. The North American flat steel sector is expected to generate record earnings in 2021, according to Citigroup.</p><p><blockquote>但就目前而言，钢铁股可能会继续对投资者具有吸引力，因为该行业目前正在赚钱。花旗集团表示，北美扁钢行业预计将在 2021 年产生创纪录的盈利。</blockquote></p><p></p><p>\"Current steel prices are peak (or close to it) ... and will correct sharply lower at some point,\" Citi analyst Alexander Hacking wrote in a note to clients Wednesday. \"The current scenario presents investors with the classic peak earnings dilemma.\"</p><p><blockquote>花旗分析师亚历山大·哈金 (Alexander Hacking) 周三在给客户的一份报告中写道：“目前的钢铁价格已达到峰值（或接近峰值）……并将在某个时候大幅回调。”“目前的情况给投资者带来了典型的盈利峰值困境。”</blockquote></p><p>Hacking warned though that steel stocks can't escape a commodity downturn. \"We can recall exactly zero examples where steel equities have gone up during 25%+ metal price corrections,\" he wrote.</p><p><blockquote>不过，黑客警告说，钢铁股无法逃脱大宗商品低迷的影响。“我们可以回忆起在金属价格调整 25% 以上期间钢铁股上涨的例子，”他写道。</blockquote></p><p>The fate of Trump's tariffs</p><p><blockquote>特朗普关税的命运</blockquote></p><p>Of course, those predicting a steel downturn may be underestimating the strength of the global economic recovery. A longer lasting boom could lift steel demand enough to keep prices lofty. Another risk is whether tougher environmental regulations in China will limit steel supply there.</p><p><blockquote>当然，那些预测钢铁低迷的人可能低估了全球经济复苏的力度。持续时间更长的繁荣可能会提振钢铁需求，使钢铁价格保持高位。另一个风险是中国更严格的环境法规是否会限制那里的钢铁供应。</blockquote></p><p>One big wildcard is the fate of the tariffs on most imported steel the Trump administration imposed in 2018 to boost the domestic industry.</p><p><blockquote>一个很大的未知数是特朗普执政在2018年对大多数进口钢铁征收关税以促进国内工业的命运。</blockquote></p><p>If the Biden administration rolls back even just some of those tariffs, it would ease supply constraints and weigh on steel prices.</p><p><blockquote>如果拜登政府取消哪怕部分关税，也会缓解供应限制并打压钢铁价格。</blockquote></p><p>Tanners thinks that is likely to happen in the next 12 months.</p><p><blockquote>坦纳斯认为这可能会在未来12个月内发生。</blockquote></p><p>\"We are protecting an industry where there is scarcity and prices are almost triple historical averages,\" she said.</p><p><blockquote>“我们正在保护一个短缺且价格几乎是历史平均水平三倍的行业，”她说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html\">CNN</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":{"IBM":"IBM"},"source_url":"https://edition.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159582956","content_text":"New York (CNN Business)A bubble could be brewing in steel stocks.The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage.Now, thereopening of the economyis driving a steel boom so strong that some are convinced it will end in tears.The correction will be very intense. It's just a matter of when and how it happens.\"PHIL GIBBS, DIRECTOR OF METALS EQUITY RESEARCH AT KEYBANC CAPITAL MARKETS\"This is going to be short-lived. It's very appropriate to call this a bubble,\" Bank of America analyst Timna Tanners told CNN Business, using the \"b-word\" that equity analysts from major banks typically avoid.After bottoming out around $460 last year, US benchmark hot-rolled coil steel prices are now sitting at around $1,500 a ton, a record high that is nearly triple the 20-year average.Steel stocks are on fire.US Steel(X), whichcrashed to a record low last Marchamid bankruptcy fears, has skyrocketed 200% in just 12 months.Nucor(NUE)has spiked 76% this year alone.While \"scarcity and panic\" are lifting steel prices and stocks today, Tanners predicted a painful reversal as supply catches up with what she described as unimpressive demand.\"We expect this will correct — and often when it corrects, it over-corrects,\" said Tanners, a two-decade veteran of the metals industry who authored a report last week headlined \"Steel stocks in a bubble.\"'A bit frothy'Phil Gibbs, director of metals equity research at KeyBanc Capital Markets, agreed that steel prices are at unsustainable levels.\"This would be like $170-a-barrel oil. At some point, people will say, 'F this, I'm not going to drive, I will take the bus,'\" Gibbs told CNN Business. \"The correction will be very intense. It's just a matter of when and how it happens.\"Gibbs said he is \"more confident the steel price is in a bubble,\" rather than that steel stocks themselves are in a bubble.The steel bubble buzz is just the latest debate about the sustainability of booming pockets of the market in this era of rock-bottom interest rates. Bitcoin, ethereum, dogecoin and other cryptocurrencies are on fire. GameStop (GME), AMC (AMC) and their fellow Reddit-fueled stocks skyrocketed earlier this year. And blank-check companies, some backed by celebrities, are raising gobs of money.Even Federal Reserve Chairman Jerome Powell has acknowledged the risk of overspeculation.\"You are seeing things in capital markets that are a bit frothy,\" Powell said during last week's press conference. \"That's a fact. I won't say it has nothing to do with monetary policy, but also it has a tremendous amount to do with vaccination and reopening of the economy.\"Yet another shortage as the economy reopensSteel is just the latest shortage to hit the US economy as it recovers from a pandemic that scrambled supply chains and set off sharp shifts in demand.Everything from computer chips and lumber to chlorine and tanker truck drivers are in short supply. Manufacturers, restaurants and other businesses are also desperate for workers.Meanwhile, the International Energy Agency warned this week that there isn't enough copper, lithium and other raw earth minerals available to make global clean energy ambitions a reality. The world risks \"running out of copper,\" Bank of America strategists said in a recent note to clients.Much like lumber, the steel industry was caught off guard by the rapid recovery in demand that began last summer — especially in the auto industry.\"All of a sudden people were buying lots of cars,\" said Tanners, the Bank of America analyst.And it took time for America's aging steel mills to resume the production they had sharply cut at the onset of the pandemic. Steel inventories shrank rapidly and shipments were delayed, just as steel buyers began ordering more than usual.'Peak' prices?The good news, for steel buyers at least, is that analysts say all of the US steel production capacity that was idled during the pandemic has returned.That's why Tanners said she's very confident the shortage will soon end, causing steel prices to collapse. History shows that steel stocks \"tend to peak\" a month or so before steel prices, Tanners wrote in her report.She said US Steel in particular is vulnerable to a commodity downturn because it has the most amount of debt and the greatest need to spend to upgrade its plants.But for now, steel stocks may continue to look attractive to investors because the industry is minting money at the moment. The North American flat steel sector is expected to generate record earnings in 2021, according to Citigroup.\"Current steel prices are peak (or close to it) ... and will correct sharply lower at some point,\" Citi analyst Alexander Hacking wrote in a note to clients Wednesday. \"The current scenario presents investors with the classic peak earnings dilemma.\"Hacking warned though that steel stocks can't escape a commodity downturn. \"We can recall exactly zero examples where steel equities have gone up during 25%+ metal price corrections,\" he wrote.The fate of Trump's tariffsOf course, those predicting a steel downturn may be underestimating the strength of the global economic recovery. A longer lasting boom could lift steel demand enough to keep prices lofty. Another risk is whether tougher environmental regulations in China will limit steel supply there.One big wildcard is the fate of the tariffs on most imported steel the Trump administration imposed in 2018 to boost the domestic industry.If the Biden administration rolls back even just some of those tariffs, it would ease supply constraints and weigh on steel prices.Tanners thinks that is likely to happen in the next 12 months.\"We are protecting an industry where there is scarcity and prices are almost triple historical averages,\" she said.","news_type":1,"symbols_score_info":{"IBM":0.9}},"isVote":1,"tweetType":1,"viewCount":819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}