Tigger777的个人主页 - 老虎社区

Tigger777

Tigger777

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2021-10-18

👍

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2021-07-14

Ocbc [财迷]

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2021-06-30

Just wear the bloody mask..so what if you are vaccine..

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2021-06-28

Are you sure? Some I feel is over rated.

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2021-06-27

Nio[开心] [财迷]

Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>

2021-06-26

Yes, waiting...

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2021-06-24

2 billion is more than enough for 3 generations

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2021-06-23

Intel.. Up up up [开心] [财迷]

Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>

2021-06-21

[开心] [财迷]

抱歉，原内容已删除

2021-06-19

Nice

3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote>

2021-06-18

Drop and guy the dip?

Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>

2021-06-17

But why the stock is hovering and and go up up up

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2021-06-17

Up. [开心]

Vaccine sector stocks gained in pre-market trading.<blockquote>疫苗板块股票在盘前交易中上涨。</blockquote>

2021-06-16

[财迷] [生气]

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2021-06-15

But coinbase drops like shit

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2021-06-14

Fulgent Genetics. So disappointing

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2021-06-12

🤑

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2021-06-11

700[财迷]

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2021-06-10

[财迷]

3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote>

2021-06-10

Too expensive.. Waiting got correction

3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote>

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[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145584995","repostId":"1125022776","repostType":4,"isVote":1,"tweetType":1,"viewCount":4692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":153671239,"gmtCreate":1625024534721,"gmtModify":1631884218959,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Just wear the bloody mask..so what if you are vaccine..&nbsp;","listText":"Just wear the bloody mask..so what if you are vaccine..&nbsp;","text":"Just wear the bloody mask..so what if you are vaccine..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153671239","repostId":"2147798896","repostType":4,"isVote":1,"tweetType":1,"viewCount":2107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150014251,"gmtCreate":1624874979573,"gmtModify":1631889891273,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Are you sure? Some I feel is over rated.&nbsp;","listText":"Are you sure? Some I feel is over rated.&nbsp;","text":"Are you sure? Some I feel is over rated.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150014251","repostId":"1103992527","repostType":4,"isVote":1,"tweetType":1,"viewCount":2394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127003365,"gmtCreate":1624799565957,"gmtModify":1631889891289,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Nio[开心]&nbsp;[财迷]&nbsp;","listText":"Nio[开心]&nbsp;[财迷]&nbsp;","text":"Nio[开心] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127003365","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohunote.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在增进对福特和蔚来增长潜力的了解，同时突出市场地位和机遇的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock 来自盖蒂图片社</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特公司（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临另一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后给出最终结论。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特与蔚来：全球电动汽车市场之争正在升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司都将在快速增长的全球电动汽车市场展开较量。福特的车队还没有以电动汽车为重点，但这种情况将会改变： 福特感觉到电动汽车竞赛正在升温，因此表示将加快其电气化计划，在 2025 年前投资 300 亿美元用于电动汽车制造能力。福特之前的资本计划要求投资 220 亿美元用于零排放汽车。福特还设定了一个雄心勃勃的销售目标：未来十年，其全球销量的 40% 将是电动汽车，皮卡车销量的 33% 将是电动汽车。目前，电动汽车销量仅占福特销量的 1%。随着福特逐步淘汰内燃机，它将在 2040 年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020 年，中国购买了全球 41% 的电动汽车。去年，中国买家购买了 130 万辆电动汽车，随着北京寻求促进电动汽车的普及，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是全球第三大插电式电动汽车市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>到目前为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速迎头赶上，部分原因是立法努力增加零排放乘用车的采用，以及对欧洲范围内充电站网络的大量投资。蔚来正处于进军欧洲市场的风口浪尖，希望在竞争准备就绪之前扩大其在世界第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>中国政府是蔚来汽车工业电气化的推动者： 中国政府希望到 2025 年，电动汽车在新车销售中所占份额达到 20%，这将推动电动汽车在中国本土市场的普及。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场将迎来世界上最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，电动汽车销量将超过全球所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长和更有利的监管框架，这里的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有百年的制造经验。但到目前为止，福特的产品阵容中只有一款与蔚来相比的全电动汽车：野马 Mach-E SUV。2022 年，福特将开始销售全电动 F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑车SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来只专注于生产电动汽车，并且占据了一个非常小且明确的利基市场，这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商希望实现的速度更快地提高电动汽车产量。这使得福特不仅在美国是特斯拉（TSLA）的有力竞争对手，而且在国外也是蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议斥资 300 亿美元用于车队电气化，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>这里的赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化与BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在这个市场中的重要性，随着时间的推移，这个市场只会变得更加竞争，这就是为什么两家公司都在一个相关领域大力投资，这个领域可以打破或巩固电动汽车市场的主导地位：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司 SK Innovation 成立一家合资企业，以确保牵引电池芯和阵列模块的供应。该合资企业旨在加快电池交付速度，年产量约为 60 GWh，足以满足福特到 2030 年预计年能源需求的 25%。蔚来也在投资电池技术，并组建了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特不同的是，蔚来的电池投资战略围绕着电池订阅模式，也称为 “电池即服务 ”，这为这家中国汽车制造商创造了一个强大的长期收入机会。在这种 “BaaS” 模式下，用户购买蔚来电动汽车可获得 7 万元人民币的初始折扣，折合 1.08 万美元，并可签约包月租赁 70 千瓦时的可充电电池。然后可以在蔚来的换电站更换电池，这些换电站在中国大多数大城市都有。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于前期折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和随着时间的推移更好的性能。将电池成本与汽车价格脱钩，为蔚来创造了一个全新的订阅收入流。“BaaS ”订阅的收入可用于增加蔚来充电/换电站网络的密度。电池订阅模式还将客户绑定到蔚来，从而潜在地增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>随着福特和蔚来增加资本配置，它们有望从电动汽车电池成本下降中受益。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这应该会推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车比内燃机乘用车更具竞争力。但由于蔚来明确围绕电池订阅构建部分商业模式，蔚来可能会比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德提供的信息，自 2014 年以来，电动汽车的电池成本已下降 70%，并且本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS ”模式是天才之作，从长远来看，它可能会发展成为蔚来每年 5 亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特 5 月份的销量同比增长 4.1%，但电动汽车销量（包括混合动力汽车）同比激增 184%，福特 5 月份售出了创纪录的 10,364 辆电动汽车/混合动力汽车。Escape electrified 和 Explorer Hybrid 的销量分别同比增长 125% 和 132%，显示出强劲的客户吸引力。蔚来上个月交付了 6,711 辆汽车，其中包括 3,017 辆 ES6、1,412 辆 ES8 和 2,282 辆 EC6。5 月份总交付量同比增长 95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销量是蔚来汽车的54倍，这为蔚来创造了更多的销售增长和重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来之间的估值差异就像黑夜和白天之间的差异。这是因为尽管电动汽车类别实现了爆炸式增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量增长将达到中低位数。福特预计到 2025 财年（基准年：2020 财年）收入将增长 33%，蔚来将增长 808%!</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于销售增长的这些差异，蔚来与福特完全相反，至少就估值而言是这样。这家中国电动汽车制造商预计今年的销量和交付量将增长接近 100%，由于蔚来只销售电动汽车，蔚来的市值与销量之比远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来有更大的风险……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。与福特相比，蔚来的全球总销售额增长潜力更大，因为它的营收基础较小。但也有一些事情对蔚来不利。例如，与可以依赖全球服务和分销网络的福特相比，由于生产缺陷导致的召回对于蔚来来说将是一个更大的挑战。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓，将对财务状况造成更大影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>最终判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更 “性感 ”的汽车制造商。在中国和欧洲的强劲采用率和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，堪称天才。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着该汽车制造商车队电气化，电动汽车销量的比例也将不断增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果你相信全球电动汽车市场的潜力，又不喜欢太大的风险，那就买福特吧。</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>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</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\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</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>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在增进对福特和蔚来增长潜力的了解，同时突出市场地位和机遇的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock 来自盖蒂图片社</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特公司（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临另一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后给出最终结论。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特与蔚来：全球电动汽车市场之争正在升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司都将在快速增长的全球电动汽车市场展开较量。福特的车队还没有以电动汽车为重点，但这种情况将会改变： 福特感觉到电动汽车竞赛正在升温，因此表示将加快其电气化计划，在 2025 年前投资 300 亿美元用于电动汽车制造能力。福特之前的资本计划要求投资 220 亿美元用于零排放汽车。福特还设定了一个雄心勃勃的销售目标：未来十年，其全球销量的 40% 将是电动汽车，皮卡车销量的 33% 将是电动汽车。目前，电动汽车销量仅占福特销量的 1%。随着福特逐步淘汰内燃机，它将在 2040 年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020 年，中国购买了全球 41% 的电动汽车。去年，中国买家购买了 130 万辆电动汽车，随着北京寻求促进电动汽车的普及，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是全球第三大插电式电动汽车市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>到目前为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速迎头赶上，部分原因是立法努力增加零排放乘用车的采用，以及对欧洲范围内充电站网络的大量投资。蔚来正处于进军欧洲市场的风口浪尖，希望在竞争准备就绪之前扩大其在世界第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>中国政府是蔚来汽车工业电气化的推动者： 中国政府希望到 2025 年，电动汽车在新车销售中所占份额达到 20%，这将推动电动汽车在中国本土市场的普及。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场将迎来世界上最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，电动汽车销量将超过全球所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长和更有利的监管框架，这里的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有百年的制造经验。但到目前为止，福特的产品阵容中只有一款与蔚来相比的全电动汽车：野马 Mach-E SUV。2022 年，福特将开始销售全电动 F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑车SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来只专注于生产电动汽车，并且占据了一个非常小且明确的利基市场，这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商希望实现的速度更快地提高电动汽车产量。这使得福特不仅在美国是特斯拉（TSLA）的有力竞争对手，而且在国外也是蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议斥资 300 亿美元用于车队电气化，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>这里的赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化与BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在这个市场中的重要性，随着时间的推移，这个市场只会变得更加竞争，这就是为什么两家公司都在一个相关领域大力投资，这个领域可以打破或巩固电动汽车市场的主导地位：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司 SK Innovation 成立一家合资企业，以确保牵引电池芯和阵列模块的供应。该合资企业旨在加快电池交付速度，年产量约为 60 GWh，足以满足福特到 2030 年预计年能源需求的 25%。蔚来也在投资电池技术，并组建了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特不同的是，蔚来的电池投资战略围绕着电池订阅模式，也称为 “电池即服务 ”，这为这家中国汽车制造商创造了一个强大的长期收入机会。在这种 “BaaS” 模式下，用户购买蔚来电动汽车可获得 7 万元人民币的初始折扣，折合 1.08 万美元，并可签约包月租赁 70 千瓦时的可充电电池。然后可以在蔚来的换电站更换电池，这些换电站在中国大多数大城市都有。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于前期折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和随着时间的推移更好的性能。将电池成本与汽车价格脱钩，为蔚来创造了一个全新的订阅收入流。“BaaS ”订阅的收入可用于增加蔚来充电/换电站网络的密度。电池订阅模式还将客户绑定到蔚来，从而潜在地增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>随着福特和蔚来增加资本配置，它们有望从电动汽车电池成本下降中受益。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这应该会推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车比内燃机乘用车更具竞争力。但由于蔚来明确围绕电池订阅构建部分商业模式，蔚来可能会比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德提供的信息，自 2014 年以来，电动汽车的电池成本已下降 70%，并且本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS ”模式是天才之作，从长远来看，它可能会发展成为蔚来每年 5 亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特 5 月份的销量同比增长 4.1%，但电动汽车销量（包括混合动力汽车）同比激增 184%，福特 5 月份售出了创纪录的 10,364 辆电动汽车/混合动力汽车。Escape electrified 和 Explorer Hybrid 的销量分别同比增长 125% 和 132%，显示出强劲的客户吸引力。蔚来上个月交付了 6,711 辆汽车，其中包括 3,017 辆 ES6、1,412 辆 ES8 和 2,282 辆 EC6。5 月份总交付量同比增长 95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销量是蔚来汽车的54倍，这为蔚来创造了更多的销售增长和重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来之间的估值差异就像黑夜和白天之间的差异。这是因为尽管电动汽车类别实现了爆炸式增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量增长将达到中低位数。福特预计到 2025 财年（基准年：2020 财年）收入将增长 33%，蔚来将增长 808%!</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于销售增长的这些差异，蔚来与福特完全相反，至少就估值而言是这样。这家中国电动汽车制造商预计今年的销量和交付量将增长接近 100%，由于蔚来只销售电动汽车，蔚来的市值与销量之比远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来有更大的风险……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。与福特相比，蔚来的全球总销售额增长潜力更大，因为它的营收基础较小。但也有一些事情对蔚来不利。例如，与可以依赖全球服务和分销网络的福特相比，由于生产缺陷导致的召回对于蔚来来说将是一个更大的挑战。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓，将对财务状况造成更大影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>最终判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更 “性感 ”的汽车制造商。在中国和欧洲的强劲采用率和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，堪称天才。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着该汽车制造商车队电气化，电动汽车销量的比例也将不断增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果你相信全球电动汽车市场的潜力，又不喜欢太大的风险，那就买福特吧。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","F":"福特汽车"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"NIO":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":2788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":124004467,"gmtCreate":1624702665459,"gmtModify":1631889891299,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Yes, waiting...&nbsp;","listText":"Yes, waiting...&nbsp;","text":"Yes, waiting...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124004467","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":2330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128296067,"gmtCreate":1624517103559,"gmtModify":1631889891310,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"2 billion is more than enough for 3 generations&nbsp;","listText":"2 billion is more than enough for 3 generations&nbsp;","text":"2 billion is more than enough for 3 generations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128296067","repostId":"1115900977","repostType":4,"isVote":1,"tweetType":1,"viewCount":3145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121396110,"gmtCreate":1624452823530,"gmtModify":1631885865512,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Intel.. Up up up&nbsp;[开心]&nbsp;[财迷]&nbsp;","listText":"Intel.. Up up up&nbsp;[开心]&nbsp;[财迷]&nbsp;","text":"Intel.. Up up up [开心] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/121396110","repostId":"1146629706","repostType":4,"repost":{"id":"1146629706","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":1624449285,"share":"https://www.laohunote.com/m/news/1146629706?lang=zh_CN&edition=full","pubTime":"2021-06-23 19:54","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146629706","media":"Tiger Newspress","summary":"Stock futures are bouncing between small gains and losses, indicating a quiet opening.\nBitcoin, ethe","content":"<p><ul>  <li>Stock futures are bouncing between small gains and losses, indicating a quiet opening.</li>  <li>Bitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.</li>  <li>Crude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.</li>  <li>Torchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.</li>  <li>GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more made the biggest moves.</li> </ul> (June 23)&nbsp;U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.</p><p><blockquote><ul><li>股票期货在小幅涨跌之间波动，预示着开盘平静。</li><li>经过几天的动荡交易后，比特币、以太币和其他加密货币周三上涨。与此同时， 美国证券交易委员会推迟了允许比特币ETF的决定。</li><li>由于经济复苏的希望，原油价格触及多年高点，有迹象表明美国的反弹比世界其他地区更强劲。</li><li>Reddit 人群中的热门股票 Torchlight Energy 盘前暴跌，延续了前一天 29% 的跌幅。</li><li>葛兰素史克、MicroStrategy、Shake Shack 等公司动作最大。</li></ul>（6月23日）美国由于投资者评估经济复苏和持续政策支持的前景，周三股市涨跌互现。</blockquote></p><p> At 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&amp;P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25&nbsp;points, or 0.03%.</p><p><blockquote>美国东部时间上午 7:59，道琼斯期货合约仅上涨 17 点，即 0.05%，标普500期货下跌 0.25 点，即 0.01%，纳斯达克 100 指数期货上涨 4.25 点，即 0.03%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e352cd119b936c2cd0b2e789eff1776a\" tg-width=\"1242\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Contracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&amp;P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.</p><p><blockquote>在标普500指数连续两天上涨后，所有三个美国股市基准的合约几乎没有变化。尽管产出数据好于预期，但在奢侈品制造商 SLIDON 分析师下调了高价行业的评级后，欧洲股市仍下跌。亚洲股市上涨。</blockquote></p><p> Oil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.</p><p><blockquote>数据显示美国原油库存再次下降，增加了看涨前景，油价攀升至每桶 73 美元以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/292b831ab7a8ddca43fdc5432203af34\" tg-width=\"1200\" tg-height=\"675\"></p><p><blockquote></blockquote></p><p> Markets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.</p><p><blockquote>在经历了上周美联储在会议上的鹰派倾向引发的波动之后，本周市场趋于稳定。美联储主席杰罗姆·鲍威尔周二表示，央行将耐心等待借贷成本的提高，并重申尽管物价上涨幅度大于预期，但可能会减弱。</blockquote></p><p> The Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”</p><p><blockquote>以让-博伊文（Jean Boivin）为首的贝莱德投资研究所（BlackRock Investment Institute）策略师在一份报告中写道，美联储上周承认通胀上升并提前加息预测，“反映了更积极的长期动态”。“我们认为，美联储的新展望不会很快转化为大幅上调政策利率。这一点，再加上强有力的重启，巩固了我们支持风险的立场。”</blockquote></p><p> Elsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.</p><p><blockquote>在其他地方，包括铜和铁矿石在内的大宗商品价格上涨。比特币反弹，升至 30,000 美元以上。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more</b></p><p><blockquote><b>盘前涨幅最大的股票：葛兰素史克、MicroStrategy、Shake Shack 等</b></blockquote></p><p> <b>1)&nbsp;GlaxoSmithKline(GSK) </b>– The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.</p><p><blockquote><b>1）葛兰素史克（GSK）</b>- 该制药商详细说明了将其消费者医疗保健业务分拆为一家独立公司的计划，其股价在盘前上涨了 3.5%。葛兰素史克最终将从新公司获得110亿美元的付款。</blockquote></p><p> <b>2)&nbsp;MicroStrategy(MSTR)</b> – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.</p><p><blockquote><b>2）微策略（MSTR）</b>– MicroStrategy 在盘前交易中上涨 4.4%，与比特币价格同步交易。这家商业分析公司持有价值数十亿美元的比特币，并利用最近的价格下跌购买了更多。</blockquote></p><p> <b>3)&nbsp;Shake Shack(SHAK) </b>– Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.</p><p><blockquote><b>3) 摇晃小屋（SHAK）</b>– Shake Shack 宣布扩大其在中国的业务，目前在中国拥有 16 家餐厅。到2031年，它将在新界开设10家餐厅，并计划届时共有79家中国分店。Shake Shack 在盘前交易中上涨 1.5%。</blockquote></p><p> <b>4)&nbsp;Winnebago(WGO) </b>– The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.</p><p><blockquote><b>4) 温尼贝戈（世界卫生组织）</b>– 这家休闲车制造商公布的季度收益为每股 2.16 美元，远高于每股 1.77 美元的市场普遍预期。收入也翻了一番，达到创纪录水平，超出了华尔街的预期。可牵引产品的销售额比去年同期增长了近两倍。</blockquote></p><p> <b>5)&nbsp;Microsoft(MSFT) </b>– Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.</p><p><blockquote><b>5）微软（MSFT）</b>- 微软成为第二家市值突破 2 万亿美元的公司，在周二的交易中达到了这一里程碑。苹果公司（AAPL）目前市值为 2.2 万亿美元，是第一家。</blockquote></p><p> <b>6)&nbsp;Carrier Global(CARR)</b> – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.</p><p><blockquote><b>6）全球运营商（CARR）</b>- 在德意志银行（Deutsche Bank）的最新报道中，Carrier 的股票被评为 “买入”，该股在盘前上涨了 1.9%。德意志银行表示，这家工业设备制造商有望从其对非住宅建筑的投资以及对室内空气质量的日益重视中受益。</blockquote></p><p> <b>7)&nbsp;Amazon.com(AMZN) </b>– Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.</p><p><blockquote><b>7）亚马逊（AMZN）</b>– 亚马逊将成为卡车司机工会在全国范围内发起工会运动的目标，该工会指责这家零售巨头虐待仓库和物流工人。在工会国际大会上提出的一项决议中宣布了这一努力。</blockquote></p><p> <b>8)&nbsp;Intel(INTC)</b> – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.</p><p><blockquote><b>8) 英特尔(INTC)</b>– 这家半导体制造商正在创建两个新的业务部门，一个专注于软件，另一个专注于高性能计算和图形。</blockquote></p><p></p><p> <b>9)&nbsp;Alphabet(GOOGL)</b> – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.</p><p><blockquote><b>9）Alphabet（GOOGL）</b>- 据路透社报道，Alphabet的谷歌部门很快将面临一些州总检察长的诉讼。该诉讼最早可能于下周提起，将指控该公司的 Google Play 应用商店违反反垄断法。</blockquote></p><p> <b>10)&nbsp;Xpeng(XPEV) </b>– Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.</p><p><blockquote><b>10）小鹏汽车（XPEV）</b>– 小鹏汽车已获得香港证券交易所的首次公开募股许可，《华尔街日报》报道称，这家中国电动汽车制造商计划通过此次募股筹集高达 20 亿美元的资金。小鹏汽车已经在美国上市，市值超过300亿美元。小鹏汽车盘前上涨3.8%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-23 19:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Stock futures are bouncing between small gains and losses, indicating a quiet opening.</li>  <li>Bitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.</li>  <li>Crude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.</li>  <li>Torchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.</li>  <li>GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more made the biggest moves.</li> </ul> (June 23)&nbsp;U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.</p><p><blockquote><ul><li>股票期货在小幅涨跌之间波动，预示着开盘平静。</li><li>经过几天的动荡交易后，比特币、以太币和其他加密货币周三上涨。与此同时， 美国证券交易委员会推迟了允许比特币ETF的决定。</li><li>由于经济复苏的希望，原油价格触及多年高点，有迹象表明美国的反弹比世界其他地区更强劲。</li><li>Reddit 人群中的热门股票 Torchlight Energy 盘前暴跌，延续了前一天 29% 的跌幅。</li><li>葛兰素史克、MicroStrategy、Shake Shack 等公司动作最大。</li></ul>（6月23日）美国由于投资者评估经济复苏和持续政策支持的前景，周三股市涨跌互现。</blockquote></p><p> At 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&amp;P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25&nbsp;points, or 0.03%.</p><p><blockquote>美国东部时间上午 7:59，道琼斯期货合约仅上涨 17 点，即 0.05%，标普500期货下跌 0.25 点，即 0.01%，纳斯达克 100 指数期货上涨 4.25 点，即 0.03%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e352cd119b936c2cd0b2e789eff1776a\" tg-width=\"1242\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Contracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&amp;P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.</p><p><blockquote>在标普500指数连续两天上涨后，所有三个美国股市基准的合约几乎没有变化。尽管产出数据好于预期，但在奢侈品制造商 SLIDON 分析师下调了高价行业的评级后，欧洲股市仍下跌。亚洲股市上涨。</blockquote></p><p> Oil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.</p><p><blockquote>数据显示美国原油库存再次下降，增加了看涨前景，油价攀升至每桶 73 美元以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/292b831ab7a8ddca43fdc5432203af34\" tg-width=\"1200\" tg-height=\"675\"></p><p><blockquote></blockquote></p><p> Markets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.</p><p><blockquote>在经历了上周美联储在会议上的鹰派倾向引发的波动之后，本周市场趋于稳定。美联储主席杰罗姆·鲍威尔周二表示，央行将耐心等待借贷成本的提高，并重申尽管物价上涨幅度大于预期，但可能会减弱。</blockquote></p><p> The Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”</p><p><blockquote>以让-博伊文（Jean Boivin）为首的贝莱德投资研究所（BlackRock Investment Institute）策略师在一份报告中写道，美联储上周承认通胀上升并提前加息预测，“反映了更积极的长期动态”。“我们认为，美联储的新展望不会很快转化为大幅上调政策利率。这一点，再加上强有力的重启，巩固了我们支持风险的立场。”</blockquote></p><p> Elsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.</p><p><blockquote>在其他地方，包括铜和铁矿石在内的大宗商品价格上涨。比特币反弹，升至 30,000 美元以上。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more</b></p><p><blockquote><b>盘前涨幅最大的股票：葛兰素史克、MicroStrategy、Shake Shack 等</b></blockquote></p><p> <b>1)&nbsp;GlaxoSmithKline(GSK) </b>– The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.</p><p><blockquote><b>1）葛兰素史克（GSK）</b>- 该制药商详细说明了将其消费者医疗保健业务分拆为一家独立公司的计划，其股价在盘前上涨了 3.5%。葛兰素史克最终将从新公司获得110亿美元的付款。</blockquote></p><p> <b>2)&nbsp;MicroStrategy(MSTR)</b> – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.</p><p><blockquote><b>2）微策略（MSTR）</b>– MicroStrategy 在盘前交易中上涨 4.4%，与比特币价格同步交易。这家商业分析公司持有价值数十亿美元的比特币，并利用最近的价格下跌购买了更多。</blockquote></p><p> <b>3)&nbsp;Shake Shack(SHAK) </b>– Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.</p><p><blockquote><b>3) 摇晃小屋（SHAK）</b>– Shake Shack 宣布扩大其在中国的业务，目前在中国拥有 16 家餐厅。到2031年，它将在新界开设10家餐厅，并计划届时共有79家中国分店。Shake Shack 在盘前交易中上涨 1.5%。</blockquote></p><p> <b>4)&nbsp;Winnebago(WGO) </b>– The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.</p><p><blockquote><b>4) 温尼贝戈（世界卫生组织）</b>– 这家休闲车制造商公布的季度收益为每股 2.16 美元，远高于每股 1.77 美元的市场普遍预期。收入也翻了一番，达到创纪录水平，超出了华尔街的预期。可牵引产品的销售额比去年同期增长了近两倍。</blockquote></p><p> <b>5)&nbsp;Microsoft(MSFT) </b>– Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.</p><p><blockquote><b>5）微软（MSFT）</b>- 微软成为第二家市值突破 2 万亿美元的公司，在周二的交易中达到了这一里程碑。苹果公司（AAPL）目前市值为 2.2 万亿美元，是第一家。</blockquote></p><p> <b>6)&nbsp;Carrier Global(CARR)</b> – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.</p><p><blockquote><b>6）全球运营商（CARR）</b>- 在德意志银行（Deutsche Bank）的最新报道中，Carrier 的股票被评为 “买入”，该股在盘前上涨了 1.9%。德意志银行表示，这家工业设备制造商有望从其对非住宅建筑的投资以及对室内空气质量的日益重视中受益。</blockquote></p><p> <b>7)&nbsp;Amazon.com(AMZN) </b>– Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.</p><p><blockquote><b>7）亚马逊（AMZN）</b>– 亚马逊将成为卡车司机工会在全国范围内发起工会运动的目标，该工会指责这家零售巨头虐待仓库和物流工人。在工会国际大会上提出的一项决议中宣布了这一努力。</blockquote></p><p> <b>8)&nbsp;Intel(INTC)</b> – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.</p><p><blockquote><b>8) 英特尔(INTC)</b>– 这家半导体制造商正在创建两个新的业务部门，一个专注于软件，另一个专注于高性能计算和图形。</blockquote></p><p></p><p> <b>9)&nbsp;Alphabet(GOOGL)</b> – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.</p><p><blockquote><b>9）Alphabet（GOOGL）</b>- 据路透社报道，Alphabet的谷歌部门很快将面临一些州总检察长的诉讼。该诉讼最早可能于下周提起，将指控该公司的 Google Play 应用商店违反反垄断法。</blockquote></p><p> <b>10)&nbsp;Xpeng(XPEV) </b>– Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.</p><p><blockquote><b>10）小鹏汽车（XPEV）</b>– 小鹏汽车已获得香港证券交易所的首次公开募股许可，《华尔街日报》报道称，这家中国电动汽车制造商计划通过此次募股筹集高达 20 亿美元的资金。小鹏汽车已经在美国上市，市值超过300亿美元。小鹏汽车盘前上涨3.8%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146629706","content_text":"Stock futures are bouncing between small gains and losses, indicating a quiet opening.\nBitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.\nCrude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.\nTorchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.\nGlaxoSmithKline, MicroStrategy, Shake Shack & more made the biggest moves.\n\n(June 23) U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.\nAt 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25 points, or 0.03%.\n\nContracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.\nOil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.\n\nMarkets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.\nThe Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”\nElsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.\nStocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack & more\n1) GlaxoSmithKline(GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.\n2) MicroStrategy(MSTR) – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.\n3) Shake Shack(SHAK) – Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.\n4) Winnebago(WGO) – The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.\n5) Microsoft(MSFT) – Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.\n6) Carrier Global(CARR) – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.\n7) Amazon.com(AMZN) – Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.\n8) Intel(INTC) – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.\n9) Alphabet(GOOGL) – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.\n10) Xpeng(XPEV) – Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167021642,"gmtCreate":1624240063186,"gmtModify":1631889891323,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"[开心]&nbsp;[财迷]&nbsp;","listText":"[开心]&nbsp;[财迷]&nbsp;","text":"[开心] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167021642","repostId":"1182485162","repostType":4,"isVote":1,"tweetType":1,"viewCount":3562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":165143405,"gmtCreate":1624110518407,"gmtModify":1631889891335,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165143405","repostId":"1166679093","repostType":4,"repost":{"id":"1166679093","kind":"news","pubTimestamp":1624065234,"share":"https://www.laohunote.com/m/news/1166679093?lang=zh_CN&edition=full","pubTime":"2021-06-19 09:13","market":"us","language":"en","title":"3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166679093","media":"fool","summary":"Meme stocks have been all the rage so far this year. That's understandable, with several of them del","content":"<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票一直风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可能会下降。分析师预计，推动一些最受欢迎股票大幅上涨的在线狂热不会持续。以下是华尔街认为未来 12 个月内将暴跌 20% 以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近 2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的 90%。即使是 Refinitiv 调查的最乐观的分析师也对 AMC 的目标价比当前股价低 70% 以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在好转吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC 可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远领先于其业务前景。该股的交易价格比 COVID-19 大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，它看起来像<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将 AMC 推到最热门的模因股票一边。散户投资者将三叶草视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨势不会持续。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health 的估值似乎确实失控了。该医疗保健股票目前的交易价格是过去 12 个月销售额的 170 多倍。这是一个令人鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health 今年仍有可能实现更好的财务业绩。该公司希望通过瞄准最初的医疗保险计划来大幅增加其会员数量。除了目前的 Medicare Advantage 业务之外，这代表着一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷生长器</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷生长器</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票中最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过 520%，然后回吐了大部分涨幅。然而，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻股可能会进一步下跌。Sundial 的一致目标价较其当前股价折扣 23%。一位分析师甚至认为该股可能会下跌 55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对 Sundial 的核心大麻业务感到悲观。2021年第一季度，该公司的大麻净收入同比下降。尽管 Sundial 正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial 的商业交易可能会让投资者有理由乐观。毕竟，由于其投资，该公司在第一季度公布了正调整后的息税折旧摊销前利润 (EBITDA)。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial 用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，而不得不采取孤注一掷的措施来维持其上市<b>纳斯达克</b>证券交易所。</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>3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-19 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票一直风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可能会下降。分析师预计，推动一些最受欢迎股票大幅上涨的在线狂热不会持续。以下是华尔街认为未来 12 个月内将暴跌 20% 以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近 2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的 90%。即使是 Refinitiv 调查的最乐观的分析师也对 AMC 的目标价比当前股价低 70% 以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在好转吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC 可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远领先于其业务前景。该股的交易价格比 COVID-19 大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，它看起来像<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将 AMC 推到最热门的模因股票一边。散户投资者将三叶草视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨势不会持续。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health 的估值似乎确实失控了。该医疗保健股票目前的交易价格是过去 12 个月销售额的 170 多倍。这是一个令人鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health 今年仍有可能实现更好的财务业绩。该公司希望通过瞄准最初的医疗保险计划来大幅增加其会员数量。除了目前的 Medicare Advantage 业务之外，这代表着一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷生长器</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷生长器</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票中最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过 520%，然后回吐了大部分涨幅。然而，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻股可能会进一步下跌。Sundial 的一致目标价较其当前股价折扣 23%。一位分析师甚至认为该股可能会下跌 55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对 Sundial 的核心大麻业务感到悲观。2021年第一季度，该公司的大麻净收入同比下降。尽管 Sundial 正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial 的商业交易可能会让投资者有理由乐观。毕竟，由于其投资，该公司在第一季度公布了正调整后的息税折旧摊销前利润 (EBITDA)。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial 用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，而不得不采取孤注一掷的措施来维持其上市<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp","AMC":"AMC院线","SNDL":"SNDL Inc."},"source_url":"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166679093","content_text":"Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.\nAMC Entertainment\nAMC Entertainment(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.\nThe consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.\nBut isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.\nHowever, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.\nClover Health Investments\nOnly a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.\nSince the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.\nClover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.\nStill, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.\nSundial Growers\nAt one point earlier this year, Sundial Growers(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.\nAnalysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.\nThere certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.\nSundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.\nHowever, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the Nasdaq stock exchange.","news_type":1,"symbols_score_info":{"AMC":0.9,"CLOV":0.9,"SNDL":0.9}},"isVote":1,"tweetType":1,"viewCount":2386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162939962,"gmtCreate":1624030514756,"gmtModify":1631889891348,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Drop and guy the dip?&nbsp;","listText":"Drop and guy the dip?&nbsp;","text":"Drop and guy the dip?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162939962","repostId":"1119296361","repostType":4,"repost":{"id":"1119296361","kind":"news","pubTimestamp":1624028454,"share":"https://www.laohunote.com/m/news/1119296361?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:00","market":"us","language":"en","title":"Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119296361","media":"Barrons","summary":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier","content":"<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>美联储发布 6 月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场上最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借款和长期借出来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会改善，而当发生相反情况时，利润就会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三的会议结束后，10 年期国债收益率大幅反弹，上涨 0.071%，至 1.569%，而两年期国债收益率上涨 0.038 个百分点，至 0.203%，两者之间的利差为 1.366 个百分点。这种扩大使得金融业，特别是银行股，成为少数几个对美联储周三的声明做出积极反应的行业之一。PDR S&amp;P Bank ETF (KBE) 上涨 0.9%，摩根大通 (JPM) 上涨 0.7%，尽管标准普尔 500 指数下跌 0.5%，道琼斯工业平均指数下跌 0.8%，纳斯达克综合指数下跌 0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期收益率已降至1.498%，而两年期收益率已升至0.238%，差距为1.26个百分点。所谓的收益率曲线变平对于银行等对利率敏感的行业来说是个坏消息。SPDR S&amp;P Bank ETF 周四下跌 4.5%，周五盘前交易中下跌 1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道琼斯指数期货下跌0.8%。纳斯达克综合指数期货下跌 0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>为什么要背离市场？要想让收益率持续上升，经济需要表现出正在快速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长会重演。Evercore ISI 策略师丹尼斯·德布舍尔 (Dennis DeBusschere) 表示，由于周四申请失业救济人数大幅下降，并在六周下降后首次出现上升，市场决定关注后者，而不是前者。“他写道：”与之前所有人的想法相比，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那样强劲。</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</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>Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</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\">\nBank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-18 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>美联储发布 6 月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场上最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借款和长期借出来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会改善，而当发生相反情况时，利润就会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三的会议结束后，10 年期国债收益率大幅反弹，上涨 0.071%，至 1.569%，而两年期国债收益率上涨 0.038 个百分点，至 0.203%，两者之间的利差为 1.366 个百分点。这种扩大使得金融业，特别是银行股，成为少数几个对美联储周三的声明做出积极反应的行业之一。PDR S&amp;P Bank ETF (KBE) 上涨 0.9%，摩根大通 (JPM) 上涨 0.7%，尽管标准普尔 500 指数下跌 0.5%，道琼斯工业平均指数下跌 0.8%，纳斯达克综合指数下跌 0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期收益率已降至1.498%，而两年期收益率已升至0.238%，差距为1.26个百分点。所谓的收益率曲线变平对于银行等对利率敏感的行业来说是个坏消息。SPDR S&amp;P Bank ETF 周四下跌 4.5%，周五盘前交易中下跌 1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道琼斯指数期货下跌0.8%。纳斯达克综合指数期货下跌 0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>为什么要背离市场？要想让收益率持续上升，经济需要表现出正在快速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长会重演。Evercore ISI 策略师丹尼斯·德布舍尔 (Dennis DeBusschere) 表示，由于周四申请失业救济人数大幅下降，并在六周下降后首次出现上升，市场决定关注后者，而不是前者。“他写道：”与之前所有人的想法相比，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那样强劲。</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA\">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":{"BAC":"美国银行","JPM":"摩根大通","WFC":"富国银行","GS":"高盛","C":"花旗","MS":"摩根士丹利"},"source_url":"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119296361","content_text":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.\nThere’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.\nAfter Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%\nThe market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.\nWhy the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.\nUntil that changes, it will be hard for bank stocks to bounce back.","news_type":1,"symbols_score_info":{"MS":0.9,"WFC":0.9,"BAC":0.9,"GS":0.9,"JPM":0.9,"C":0.9}},"isVote":1,"tweetType":1,"viewCount":867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161697381,"gmtCreate":1623921138143,"gmtModify":1631889891363,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"But why the stock is hovering and and go up up up","listText":"But why the stock is hovering and and go up up up","text":"But why the stock is hovering and and go up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161697381","repostId":"1185234443","repostType":4,"isVote":1,"tweetType":1,"viewCount":1379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161609953,"gmtCreate":1623920302972,"gmtModify":1631889891373,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Up.&nbsp;[开心]&nbsp;","listText":"Up.&nbsp;[开心]&nbsp;","text":"Up. [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161609953","repostId":"1147243421","repostType":4,"repost":{"id":"1147243421","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":1623918768,"share":"https://www.laohunote.com/m/news/1147243421?lang=zh_CN&edition=full","pubTime":"2021-06-17 16:32","market":"us","language":"en","title":"Vaccine sector stocks gained in pre-market trading.<blockquote>疫苗板块股票在盘前交易中上涨。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147243421","media":"Tiger Newspress","summary":"Vaccine sector stocks gained in pre-market trading.\nNovavax,Moderna and BioNTech shares were up bewt","content":"<p>Vaccine&nbsp;sector&nbsp;stocks gained in pre-market&nbsp;trading.</p><p><blockquote>疫苗板块股票在盘前交易中上涨。</blockquote></p><p> Novavax,Moderna&nbsp;and&nbsp;BioNTech&nbsp;shares&nbsp;were&nbsp;up&nbsp;bewteen&nbsp;1%&nbsp;and&nbsp;5%.</p><p><blockquote>Novavax、Moderna 和 BioNTech 的股价上涨了 1% 至 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcf7ccd098da30e231e2f93a2600de4a\" tg-width=\"1291\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nVaccine sector stocks gained in pre-market trading.<blockquote>疫苗板块股票在盘前交易中上涨。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-17 16:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Vaccine&nbsp;sector&nbsp;stocks gained in pre-market&nbsp;trading.</p><p><blockquote>疫苗板块股票在盘前交易中上涨。</blockquote></p><p> Novavax,Moderna&nbsp;and&nbsp;BioNTech&nbsp;shares&nbsp;were&nbsp;up&nbsp;bewteen&nbsp;1%&nbsp;and&nbsp;5%.</p><p><blockquote>Novavax、Moderna 和 BioNTech 的股价上涨了 1% 至 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcf7ccd098da30e231e2f93a2600de4a\" tg-width=\"1291\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药","BNTX":"BioNTech SE","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147243421","content_text":"Vaccine sector stocks gained in pre-market trading.\nNovavax,Moderna and BioNTech shares were up bewteen 1% and 5%.","news_type":1,"symbols_score_info":{"BNTX":0.9,"NVAX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":1961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":169708392,"gmtCreate":1623849910416,"gmtModify":1631892204457,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;[生气]&nbsp;","listText":"[财迷]&nbsp;[生气]&nbsp;","text":"[财迷] [生气]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169708392","repostId":"2143795146","repostType":4,"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":187097960,"gmtCreate":1623729071050,"gmtModify":1631884956533,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"But coinbase drops like shit","listText":"But coinbase drops like shit","text":"But coinbase drops like shit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187097960","repostId":"1164323104","repostType":4,"isVote":1,"tweetType":1,"viewCount":967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185629133,"gmtCreate":1623646866022,"gmtModify":1631892204460,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Fulgent Genetics. So disappointing&nbsp;","listText":"Fulgent Genetics. So disappointing&nbsp;","text":"Fulgent Genetics. So disappointing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185629133","repostId":"1105297799","repostType":4,"isVote":1,"tweetType":1,"viewCount":820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186539043,"gmtCreate":1623508669382,"gmtModify":1631892204465,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"🤑","listText":"🤑","text":"🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186539043","repostId":"2142204074","repostType":4,"isVote":1,"tweetType":1,"viewCount":971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181727177,"gmtCreate":1623413063099,"gmtModify":1631892204466,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"700[财迷]&nbsp;","listText":"700[财迷]&nbsp;","text":"700[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181727177","repostId":"2142787662","repostType":2,"isVote":1,"tweetType":1,"viewCount":1923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":183044337,"gmtCreate":1623296801329,"gmtModify":1631892204469,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183044337","repostId":"1143747111","repostType":4,"repost":{"id":"1143747111","kind":"news","pubTimestamp":1623293378,"share":"https://www.laohunote.com/m/news/1143747111?lang=zh_CN&edition=full","pubTime":"2021-06-10 10:49","market":"us","language":"en","title":"3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143747111","media":"fool","summary":"Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending dec","content":"<p>Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.</p><p><blockquote>经济衰退可能是一个非常紧张的时期。一些人失业，预算紧缩，支出减少，市场波动，投资者看到他们的一部分投资组合明显开始蒸发，感到紧张。</blockquote></p><p> Some investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time to<i>buy</i>stock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.</p><p><blockquote>一些投资者惊慌失措，犯了在经济衰退期间出售股票并锁定损失的错误。但其他人知道经济衰退是一个<i>购买</i>股票，因为它们提供了较低的股票价格，这可以为经济复苏后的巨额回报奠定基础。成功执行最后一项行动的关键是专注于购买能够在需求疲软和高失业率时期生存下来的强势公司的股票。</blockquote></p><p> No one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.</p><p><blockquote>没有人知道衰退何时会到来，但我们确实知道上个世纪已经发生了 18 次衰退，所以它很可能会再次发生。明智的投资者会尽一切努力为这种可能性做好准备。</blockquote></p><p> Here are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.</p><p><blockquote>这里有三只相对安全的科技股，它们代表了强劲的公司，我会在下一次经济衰退期间买入它们。</blockquote></p><p> 1. Microsoft</p><p><blockquote>1. 微软</blockquote></p><p> <b>Microsoft</b>'s(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor to<b>Amazon</b>(NASDAQ:AMZN)in the cloud services market.</p><p><blockquote><b>微软</b>s（纳斯达克股票代码：MSFT）软件被消费者和企业广泛使用。在Windows 10上运行的活动设备超过10亿台，该公司报告称，去年Office 365的使用率比以往任何时候都高。微软也是帮助组织转向数字技术的领导者，微软 Azureis 正在成为强大的第二大竞争对手<b>亚马逊</b>（纳斯达克股票代码：AMZN）在云服务市场。</blockquote></p><p> Even with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.</p><p><blockquote>即使微软拥有既定的品牌和客户群，该公司也无法免受经济衰退导致的需求下降的影响。例如，在经济疲软期间，技术支出可能会下降，给微软的收入增长带来压力。但值得注意的是，随着微软受益于远程工作趋势，云服务和基础设施的支出在疫情期间持续增长，首席执行官萨蒂亚·纳德拉认为，对数字服务不断增长的需求才刚刚开始。</blockquote></p><p> \"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.</p><p><blockquote>纳德拉在 2021 财年第三季度收益报告中表示：“疫情爆发一年多以来，数字采用曲线并没有放缓。它们正在加速，而这仅仅是个开始。”</blockquote></p><p> Microsoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.</p><p><blockquote>微软估计，到 2030 年，将有 500 亿台新设备上线，这可能会转化为 Azure 收入的巨大增长，更不用说对 Word 和 Excel 等微软流行软件工具的需求了，该公司将这些工具作为订阅服务捆绑在一起微软 365。</blockquote></p><p> Microsoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters.&nbsp;With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.</p><p><blockquote>微软是一个金融堡垒。最近一个季度结束时，该公司的净现金头寸为 730 亿美元，在过去四个季度中产生了 540 亿美元的自由现金流。资产负债表上有这么多现金，而且每年都会有更多现金流入，即使在充满挑战的商业环境下，微软也可能能够继续增加股息支付。该股目前支付的股息率为0.87%，相对于自由现金流，现金支付率为30%。</blockquote></p><p> The secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.</p><p><blockquote>数字企业软件服务的长期需求趋势应该会让微软保持长期增长，其坚如磐石的财务状况应该会在市场再次调整时为股价提供缓冲。</blockquote></p><p> 2. Amazon</p><p><blockquote>2. 亚马逊</blockquote></p><p> Amazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.</p><p><blockquote>亚马逊通过其杂货业务（亚马逊生鲜和全食超市）提供基本服务。它也是云服务领域的领导者，拥有亚马逊网络服务业务。但是为消费者服务仍然是它的面包和黄油。一年一度的Prime Day（通常在夏季举行）已经变得和黑色星期五一样重要，该活动为亚马逊提供了一个通过其Prime会员计划接触新客户的机会。</blockquote></p><p> Amazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.</p><p><blockquote>亚马逊去年创造了4190亿美元的收入，对于一家大型企业来说，它继续快速增长。过去三年收入翻了一番，疫情期间增长加速。</blockquote></p><p> Still, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.</p><p><blockquote>尽管如此，对于这家电子商务巨头来说，并非所有的经济衰退都可能带来同样的结果。亚马逊销售大量消费电子产品和其他非必需品，人们在长期衰退期间可能不会购买。</blockquote></p><p> On the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.</p><p><blockquote>另一方面，许多客户可能会坚持使用他们的Prime会员资格来享受电影、音乐和免费杂货配送。亚马逊现在通过 Prime 拥有超过 2 亿忠实顾客，该公司看到 Prime 参与度持续上升，为消费者提供了一个更具粘性的服务生态系统。</blockquote></p><p> Like Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow.&nbsp;Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.</p><p><blockquote>与微软一样，无论经济状况如何，亚马逊都会产生大量自由现金流，以继续投资于未来。过去四个季度，亚马逊产生了 264 亿美元的自由现金流。其大部分营业利润来自云服务，过去 12 个月，亚马逊网络服务占总收入的 11.6%。</blockquote></p><p></p><p> While Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.</p><p><blockquote>虽然亚马逊不支付股息，但这在这个关头是一件好事，因为这意味着管理层仍然看到了投资建设更多履行仓库和自己的运输车队的巨大机会，以满足不断增长的需求。这是下一次市场调整时值得考虑购买的顶级成长型股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc76a43a51b8c48de3337ad1dea22962\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 数据</span></p></blockquote></p><p> 3. Apple</p><p><blockquote>3. 苹果</blockquote></p><p> <b>Apple</b>(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.</p><p><blockquote><b>苹果</b>（纳斯达克股票代码：AAPL）是世界上最具标志性的消费品牌之一。当然，如果人们没有钱花，其昂贵的铝包设备的销售可能会受到影响，但该公司的订阅服务也有不断增长的收入来源，并且它产生了大量现金来继续定期向股东支付股息。</blockquote></p><p> While iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.</p><p><blockquote>虽然 iPhone 收入在 2020 财年（截至 9 月）下降了 3.3%，但苹果的 Mac、iPad 和可穿戴设备销量在疫情期间以健康速度增长。自秋季推出 iPhone 12 以来，截至 3 月份的季度，苹果的收入同比增长已加速至 53%。</blockquote></p><p> Most importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products&nbsp;-- a great sign of Apple's brand strength in the marketplace.</p><p><blockquote>最重要的是，苹果活跃设备的安装基数不断创下新纪录。采用苹果新M1芯片的新款Mac和iPad Pro重振了这些产品的销售——这是苹果在市场上品牌实力的一个很好的标志。</blockquote></p><p> The stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.</p><p><blockquote>该股目前支付的股息率为0.67%，当前现金支付率为追踪自由现金流的15.7%。虽然股价比去年上涨了 50%，但远期市盈率与大盘大致持平，为预期市盈率的 24 倍。在这个估值水平下，短期内可能还有更大的上涨空间，特别是如果iPhone升级周期仍然强于投资者预期的话。</blockquote></p><p> During the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.</p><p><blockquote>在 4 月下旬的财报看涨期权上，苹果首席执行官蒂姆·库克 (Tim Cook) 指出，5G 渗透率“目前仍然很低”，该公司仍有许多升级工作要做。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e5874f0d32193fcda101a46ff8ad430\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPL PE RATIO (FORWARD)DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 市盈率（远期）数据</span></p></blockquote></p><p> In the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.</p><p><blockquote>如果再次出现经济衰退，投资者可以放心，苹果的业务不会急需资金来继续生产新产品，最重要的是，让员工对工资感到满意。</blockquote></p><p> Apple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet,&nbsp;Apple continues to gush more every year, with trailing free cash flow topping $90 billion.</p><p><blockquote>苹果第二财季末的账面净现金为 870 亿美元。虽然管理层正在努力在其资产负债表上实现现金中性，但苹果每年都在继续激增，追踪自由现金流超过 900 亿美元。</blockquote></p><p> The key takeaway</p><p><blockquote>关键要点</blockquote></p><p> Shares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.</p><p><blockquote>在经济衰退期间，产生大量自由现金流的领先科技股将是相对安全的选择。微软、亚马逊和苹果显然拥有这些特征。这些公司是占主导地位的行业领导者，应该会在未来几年为投资者带来回报。</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>3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-10 10:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.</p><p><blockquote>经济衰退可能是一个非常紧张的时期。一些人失业，预算紧缩，支出减少，市场波动，投资者看到他们的一部分投资组合明显开始蒸发，感到紧张。</blockquote></p><p> Some investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time to<i>buy</i>stock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.</p><p><blockquote>一些投资者惊慌失措，犯了在经济衰退期间出售股票并锁定损失的错误。但其他人知道经济衰退是一个<i>购买</i>股票，因为它们提供了较低的股票价格，这可以为经济复苏后的巨额回报奠定基础。成功执行最后一项行动的关键是专注于购买能够在需求疲软和高失业率时期生存下来的强势公司的股票。</blockquote></p><p> No one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.</p><p><blockquote>没有人知道衰退何时会到来，但我们确实知道上个世纪已经发生了 18 次衰退，所以它很可能会再次发生。明智的投资者会尽一切努力为这种可能性做好准备。</blockquote></p><p> Here are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.</p><p><blockquote>这里有三只相对安全的科技股，它们代表了强劲的公司，我会在下一次经济衰退期间买入它们。</blockquote></p><p> 1. Microsoft</p><p><blockquote>1. 微软</blockquote></p><p> <b>Microsoft</b>'s(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor to<b>Amazon</b>(NASDAQ:AMZN)in the cloud services market.</p><p><blockquote><b>微软</b>s（纳斯达克股票代码：MSFT）软件被消费者和企业广泛使用。在Windows 10上运行的活动设备超过10亿台，该公司报告称，去年Office 365的使用率比以往任何时候都高。微软也是帮助组织转向数字技术的领导者，微软 Azureis 正在成为强大的第二大竞争对手<b>亚马逊</b>（纳斯达克股票代码：AMZN）在云服务市场。</blockquote></p><p> Even with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.</p><p><blockquote>即使微软拥有既定的品牌和客户群，该公司也无法免受经济衰退导致的需求下降的影响。例如，在经济疲软期间，技术支出可能会下降，给微软的收入增长带来压力。但值得注意的是，随着微软受益于远程工作趋势，云服务和基础设施的支出在疫情期间持续增长，首席执行官萨蒂亚·纳德拉认为，对数字服务不断增长的需求才刚刚开始。</blockquote></p><p> \"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.</p><p><blockquote>纳德拉在 2021 财年第三季度收益报告中表示：“疫情爆发一年多以来，数字采用曲线并没有放缓。它们正在加速，而这仅仅是个开始。”</blockquote></p><p> Microsoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.</p><p><blockquote>微软估计，到 2030 年，将有 500 亿台新设备上线，这可能会转化为 Azure 收入的巨大增长，更不用说对 Word 和 Excel 等微软流行软件工具的需求了，该公司将这些工具作为订阅服务捆绑在一起微软 365。</blockquote></p><p> Microsoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters.&nbsp;With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.</p><p><blockquote>微软是一个金融堡垒。最近一个季度结束时，该公司的净现金头寸为 730 亿美元，在过去四个季度中产生了 540 亿美元的自由现金流。资产负债表上有这么多现金，而且每年都会有更多现金流入，即使在充满挑战的商业环境下，微软也可能能够继续增加股息支付。该股目前支付的股息率为0.87%，相对于自由现金流，现金支付率为30%。</blockquote></p><p> The secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.</p><p><blockquote>数字企业软件服务的长期需求趋势应该会让微软保持长期增长，其坚如磐石的财务状况应该会在市场再次调整时为股价提供缓冲。</blockquote></p><p> 2. Amazon</p><p><blockquote>2. 亚马逊</blockquote></p><p> Amazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.</p><p><blockquote>亚马逊通过其杂货业务（亚马逊生鲜和全食超市）提供基本服务。它也是云服务领域的领导者，拥有亚马逊网络服务业务。但是为消费者服务仍然是它的面包和黄油。一年一度的Prime Day（通常在夏季举行）已经变得和黑色星期五一样重要，该活动为亚马逊提供了一个通过其Prime会员计划接触新客户的机会。</blockquote></p><p> Amazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.</p><p><blockquote>亚马逊去年创造了4190亿美元的收入，对于一家大型企业来说，它继续快速增长。过去三年收入翻了一番，疫情期间增长加速。</blockquote></p><p> Still, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.</p><p><blockquote>尽管如此，对于这家电子商务巨头来说，并非所有的经济衰退都可能带来同样的结果。亚马逊销售大量消费电子产品和其他非必需品，人们在长期衰退期间可能不会购买。</blockquote></p><p> On the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.</p><p><blockquote>另一方面，许多客户可能会坚持使用他们的Prime会员资格来享受电影、音乐和免费杂货配送。亚马逊现在通过 Prime 拥有超过 2 亿忠实顾客，该公司看到 Prime 参与度持续上升，为消费者提供了一个更具粘性的服务生态系统。</blockquote></p><p> Like Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow.&nbsp;Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.</p><p><blockquote>与微软一样，无论经济状况如何，亚马逊都会产生大量自由现金流，以继续投资于未来。过去四个季度，亚马逊产生了 264 亿美元的自由现金流。其大部分营业利润来自云服务，过去 12 个月，亚马逊网络服务占总收入的 11.6%。</blockquote></p><p></p><p> While Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.</p><p><blockquote>虽然亚马逊不支付股息，但这在这个关头是一件好事，因为这意味着管理层仍然看到了投资建设更多履行仓库和自己的运输车队的巨大机会，以满足不断增长的需求。这是下一次市场调整时值得考虑购买的顶级成长型股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc76a43a51b8c48de3337ad1dea22962\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 数据</span></p></blockquote></p><p> 3. Apple</p><p><blockquote>3. 苹果</blockquote></p><p> <b>Apple</b>(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.</p><p><blockquote><b>苹果</b>（纳斯达克股票代码：AAPL）是世界上最具标志性的消费品牌之一。当然，如果人们没有钱花，其昂贵的铝包设备的销售可能会受到影响，但该公司的订阅服务也有不断增长的收入来源，并且它产生了大量现金来继续定期向股东支付股息。</blockquote></p><p> While iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.</p><p><blockquote>虽然 iPhone 收入在 2020 财年（截至 9 月）下降了 3.3%，但苹果的 Mac、iPad 和可穿戴设备销量在疫情期间以健康速度增长。自秋季推出 iPhone 12 以来，截至 3 月份的季度，苹果的收入同比增长已加速至 53%。</blockquote></p><p> Most importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products&nbsp;-- a great sign of Apple's brand strength in the marketplace.</p><p><blockquote>最重要的是，苹果活跃设备的安装基数不断创下新纪录。采用苹果新M1芯片的新款Mac和iPad Pro重振了这些产品的销售——这是苹果在市场上品牌实力的一个很好的标志。</blockquote></p><p> The stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.</p><p><blockquote>该股目前支付的股息率为0.67%，当前现金支付率为追踪自由现金流的15.7%。虽然股价比去年上涨了 50%，但远期市盈率与大盘大致持平，为预期市盈率的 24 倍。在这个估值水平下，短期内可能还有更大的上涨空间，特别是如果iPhone升级周期仍然强于投资者预期的话。</blockquote></p><p> During the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.</p><p><blockquote>在 4 月下旬的财报看涨期权上，苹果首席执行官蒂姆·库克 (Tim Cook) 指出，5G 渗透率“目前仍然很低”，该公司仍有许多升级工作要做。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e5874f0d32193fcda101a46ff8ad430\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPL PE RATIO (FORWARD)DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 市盈率（远期）数据</span></p></blockquote></p><p> In the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.</p><p><blockquote>如果再次出现经济衰退，投资者可以放心，苹果的业务不会急需资金来继续生产新产品，最重要的是，让员工对工资感到满意。</blockquote></p><p> Apple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet,&nbsp;Apple continues to gush more every year, with trailing free cash flow topping $90 billion.</p><p><blockquote>苹果第二财季末的账面净现金为 870 亿美元。虽然管理层正在努力在其资产负债表上实现现金中性，但苹果每年都在继续激增，追踪自由现金流超过 900 亿美元。</blockquote></p><p> The key takeaway</p><p><blockquote>关键要点</blockquote></p><p> Shares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.</p><p><blockquote>在经济衰退期间，产生大量自由现金流的领先科技股将是相对安全的选择。微软、亚马逊和苹果显然拥有这些特征。这些公司是占主导地位的行业领导者，应该会在未来几年为投资者带来回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/09/3-top-tech-stocks-to-buy-during-a-recession/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/06/09/3-top-tech-stocks-to-buy-during-a-recession/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143747111","content_text":"Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.\nSome investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time tobuystock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.\nNo one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.\nHere are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.\n1. Microsoft\nMicrosoft's(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor toAmazon(NASDAQ:AMZN)in the cloud services market.\nEven with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.\n\"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.\nMicrosoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.\nMicrosoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters. With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.\nThe secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.\n2. Amazon\nAmazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.\nAmazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.\nStill, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.\nOn the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.\nLike Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow. Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.\nWhile Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.\nAAPLDATA BY YCHARTS\n3. Apple\nApple(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.\nWhile iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.\nMost importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products -- a great sign of Apple's brand strength in the marketplace.\nThe stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.\nDuring the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.\nAAPL PE RATIO (FORWARD)DATA BY YCHARTS\nIn the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.\nApple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet, Apple continues to gush more every year, with trailing free cash flow topping $90 billion.\nThe key takeaway\nShares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.","news_type":1,"symbols_score_info":{"MSFT":0.9,"AAPL":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":183042959,"gmtCreate":1623296723671,"gmtModify":1631892204476,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Too expensive.. Waiting got correction&nbsp;","listText":"Too expensive.. Waiting got correction&nbsp;","text":"Too expensive.. Waiting got correction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183042959","repostId":"1143747111","repostType":4,"repost":{"id":"1143747111","kind":"news","pubTimestamp":1623293378,"share":"https://www.laohunote.com/m/news/1143747111?lang=zh_CN&edition=full","pubTime":"2021-06-10 10:49","market":"us","language":"en","title":"3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143747111","media":"fool","summary":"Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending dec","content":"<p>Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.</p><p><blockquote>经济衰退可能是一个非常紧张的时期。一些人失业，预算紧缩，支出减少，市场波动，投资者看到他们的一部分投资组合明显开始蒸发，感到紧张。</blockquote></p><p> Some investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time to<i>buy</i>stock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.</p><p><blockquote>一些投资者惊慌失措，犯了在经济衰退期间出售股票并锁定损失的错误。但其他人知道经济衰退是一个<i>购买</i>股票，因为它们提供了较低的股票价格，这可以为经济复苏后的巨额回报奠定基础。成功执行最后一项行动的关键是专注于购买能够在需求疲软和高失业率时期生存下来的强势公司的股票。</blockquote></p><p> No one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.</p><p><blockquote>没有人知道衰退何时会到来，但我们确实知道上个世纪已经发生了 18 次衰退，所以它很可能会再次发生。明智的投资者会尽一切努力为这种可能性做好准备。</blockquote></p><p> Here are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.</p><p><blockquote>这里有三只相对安全的科技股，它们代表了强劲的公司，我会在下一次经济衰退期间买入它们。</blockquote></p><p> 1. Microsoft</p><p><blockquote>1. 微软</blockquote></p><p> <b>Microsoft</b>'s(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor to<b>Amazon</b>(NASDAQ:AMZN)in the cloud services market.</p><p><blockquote><b>微软</b>s（纳斯达克股票代码：MSFT）软件被消费者和企业广泛使用。在Windows 10上运行的活动设备超过10亿台，该公司报告称，去年Office 365的使用率比以往任何时候都高。微软也是帮助组织转向数字技术的领导者，微软 Azureis 正在成为强大的第二大竞争对手<b>亚马逊</b>（纳斯达克股票代码：AMZN）在云服务市场。</blockquote></p><p> Even with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.</p><p><blockquote>即使微软拥有既定的品牌和客户群，该公司也无法免受经济衰退导致的需求下降的影响。例如，在经济疲软期间，技术支出可能会下降，给微软的收入增长带来压力。但值得注意的是，随着微软受益于远程工作趋势，云服务和基础设施的支出在疫情期间持续增长，首席执行官萨蒂亚·纳德拉认为，对数字服务不断增长的需求才刚刚开始。</blockquote></p><p> \"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.</p><p><blockquote>纳德拉在 2021 财年第三季度收益报告中表示：“疫情爆发一年多以来，数字采用曲线并没有放缓。它们正在加速，而这仅仅是个开始。”</blockquote></p><p> Microsoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.</p><p><blockquote>微软估计，到 2030 年，将有 500 亿台新设备上线，这可能会转化为 Azure 收入的巨大增长，更不用说对 Word 和 Excel 等微软流行软件工具的需求了，该公司将这些工具作为订阅服务捆绑在一起微软 365。</blockquote></p><p> Microsoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters.&nbsp;With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.</p><p><blockquote>微软是一个金融堡垒。最近一个季度结束时，该公司的净现金头寸为 730 亿美元，在过去四个季度中产生了 540 亿美元的自由现金流。资产负债表上有这么多现金，而且每年都会有更多现金流入，即使在充满挑战的商业环境下，微软也可能能够继续增加股息支付。该股目前支付的股息率为0.87%，相对于自由现金流，现金支付率为30%。</blockquote></p><p> The secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.</p><p><blockquote>数字企业软件服务的长期需求趋势应该会让微软保持长期增长，其坚如磐石的财务状况应该会在市场再次调整时为股价提供缓冲。</blockquote></p><p> 2. Amazon</p><p><blockquote>2. 亚马逊</blockquote></p><p> Amazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.</p><p><blockquote>亚马逊通过其杂货业务（亚马逊生鲜和全食超市）提供基本服务。它也是云服务领域的领导者，拥有亚马逊网络服务业务。但是为消费者服务仍然是它的面包和黄油。一年一度的Prime Day（通常在夏季举行）已经变得和黑色星期五一样重要，该活动为亚马逊提供了一个通过其Prime会员计划接触新客户的机会。</blockquote></p><p> Amazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.</p><p><blockquote>亚马逊去年创造了4190亿美元的收入，对于一家大型企业来说，它继续快速增长。过去三年收入翻了一番，疫情期间增长加速。</blockquote></p><p> Still, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.</p><p><blockquote>尽管如此，对于这家电子商务巨头来说，并非所有的经济衰退都可能带来同样的结果。亚马逊销售大量消费电子产品和其他非必需品，人们在长期衰退期间可能不会购买。</blockquote></p><p> On the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.</p><p><blockquote>另一方面，许多客户可能会坚持使用他们的Prime会员资格来享受电影、音乐和免费杂货配送。亚马逊现在通过 Prime 拥有超过 2 亿忠实顾客，该公司看到 Prime 参与度持续上升，为消费者提供了一个更具粘性的服务生态系统。</blockquote></p><p> Like Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow.&nbsp;Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.</p><p><blockquote>与微软一样，无论经济状况如何，亚马逊都会产生大量自由现金流，以继续投资于未来。过去四个季度，亚马逊产生了 264 亿美元的自由现金流。其大部分营业利润来自云服务，过去 12 个月，亚马逊网络服务占总收入的 11.6%。</blockquote></p><p></p><p> While Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.</p><p><blockquote>虽然亚马逊不支付股息，但这在这个关头是一件好事，因为这意味着管理层仍然看到了投资建设更多履行仓库和自己的运输车队的巨大机会，以满足不断增长的需求。这是下一次市场调整时值得考虑购买的顶级成长型股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc76a43a51b8c48de3337ad1dea22962\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 数据</span></p></blockquote></p><p> 3. Apple</p><p><blockquote>3. 苹果</blockquote></p><p> <b>Apple</b>(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.</p><p><blockquote><b>苹果</b>（纳斯达克股票代码：AAPL）是世界上最具标志性的消费品牌之一。当然，如果人们没有钱花，其昂贵的铝包设备的销售可能会受到影响，但该公司的订阅服务也有不断增长的收入来源，并且它产生了大量现金来继续定期向股东支付股息。</blockquote></p><p> While iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.</p><p><blockquote>虽然 iPhone 收入在 2020 财年（截至 9 月）下降了 3.3%，但苹果的 Mac、iPad 和可穿戴设备销量在疫情期间以健康速度增长。自秋季推出 iPhone 12 以来，截至 3 月份的季度，苹果的收入同比增长已加速至 53%。</blockquote></p><p> Most importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products&nbsp;-- a great sign of Apple's brand strength in the marketplace.</p><p><blockquote>最重要的是，苹果活跃设备的安装基数不断创下新纪录。采用苹果新M1芯片的新款Mac和iPad Pro重振了这些产品的销售——这是苹果在市场上品牌实力的一个很好的标志。</blockquote></p><p> The stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.</p><p><blockquote>该股目前支付的股息率为0.67%，当前现金支付率为追踪自由现金流的15.7%。虽然股价比去年上涨了 50%，但远期市盈率与大盘大致持平，为预期市盈率的 24 倍。在这个估值水平下，短期内可能还有更大的上涨空间，特别是如果iPhone升级周期仍然强于投资者预期的话。</blockquote></p><p> During the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.</p><p><blockquote>在 4 月下旬的财报看涨期权上，苹果首席执行官蒂姆·库克 (Tim Cook) 指出，5G 渗透率“目前仍然很低”，该公司仍有许多升级工作要做。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e5874f0d32193fcda101a46ff8ad430\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPL PE RATIO (FORWARD)DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 市盈率（远期）数据</span></p></blockquote></p><p> In the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.</p><p><blockquote>如果再次出现经济衰退，投资者可以放心，苹果的业务不会急需资金来继续生产新产品，最重要的是，让员工对工资感到满意。</blockquote></p><p> Apple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet,&nbsp;Apple continues to gush more every year, with trailing free cash flow topping $90 billion.</p><p><blockquote>苹果第二财季末的账面净现金为 870 亿美元。虽然管理层正在努力在其资产负债表上实现现金中性，但苹果每年都在继续激增，追踪自由现金流超过 900 亿美元。</blockquote></p><p> The key takeaway</p><p><blockquote>关键要点</blockquote></p><p> Shares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.</p><p><blockquote>在经济衰退期间，产生大量自由现金流的领先科技股将是相对安全的选择。微软、亚马逊和苹果显然拥有这些特征。这些公司是占主导地位的行业领导者，应该会在未来几年为投资者带来回报。</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>3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间值得购买的 3 只顶级科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-10 10:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.</p><p><blockquote>经济衰退可能是一个非常紧张的时期。一些人失业，预算紧缩，支出减少，市场波动，投资者看到他们的一部分投资组合明显开始蒸发，感到紧张。</blockquote></p><p> Some investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time to<i>buy</i>stock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.</p><p><blockquote>一些投资者惊慌失措，犯了在经济衰退期间出售股票并锁定损失的错误。但其他人知道经济衰退是一个<i>购买</i>股票，因为它们提供了较低的股票价格，这可以为经济复苏后的巨额回报奠定基础。成功执行最后一项行动的关键是专注于购买能够在需求疲软和高失业率时期生存下来的强势公司的股票。</blockquote></p><p> No one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.</p><p><blockquote>没有人知道衰退何时会到来，但我们确实知道上个世纪已经发生了 18 次衰退，所以它很可能会再次发生。明智的投资者会尽一切努力为这种可能性做好准备。</blockquote></p><p> Here are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.</p><p><blockquote>这里有三只相对安全的科技股，它们代表了强劲的公司，我会在下一次经济衰退期间买入它们。</blockquote></p><p> 1. Microsoft</p><p><blockquote>1. 微软</blockquote></p><p> <b>Microsoft</b>'s(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor to<b>Amazon</b>(NASDAQ:AMZN)in the cloud services market.</p><p><blockquote><b>微软</b>s（纳斯达克股票代码：MSFT）软件被消费者和企业广泛使用。在Windows 10上运行的活动设备超过10亿台，该公司报告称，去年Office 365的使用率比以往任何时候都高。微软也是帮助组织转向数字技术的领导者，微软 Azureis 正在成为强大的第二大竞争对手<b>亚马逊</b>（纳斯达克股票代码：AMZN）在云服务市场。</blockquote></p><p> Even with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.</p><p><blockquote>即使微软拥有既定的品牌和客户群，该公司也无法免受经济衰退导致的需求下降的影响。例如，在经济疲软期间，技术支出可能会下降，给微软的收入增长带来压力。但值得注意的是，随着微软受益于远程工作趋势，云服务和基础设施的支出在疫情期间持续增长，首席执行官萨蒂亚·纳德拉认为，对数字服务不断增长的需求才刚刚开始。</blockquote></p><p> \"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.</p><p><blockquote>纳德拉在 2021 财年第三季度收益报告中表示：“疫情爆发一年多以来，数字采用曲线并没有放缓。它们正在加速，而这仅仅是个开始。”</blockquote></p><p> Microsoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.</p><p><blockquote>微软估计，到 2030 年，将有 500 亿台新设备上线，这可能会转化为 Azure 收入的巨大增长，更不用说对 Word 和 Excel 等微软流行软件工具的需求了，该公司将这些工具作为订阅服务捆绑在一起微软 365。</blockquote></p><p> Microsoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters.&nbsp;With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.</p><p><blockquote>微软是一个金融堡垒。最近一个季度结束时，该公司的净现金头寸为 730 亿美元，在过去四个季度中产生了 540 亿美元的自由现金流。资产负债表上有这么多现金，而且每年都会有更多现金流入，即使在充满挑战的商业环境下，微软也可能能够继续增加股息支付。该股目前支付的股息率为0.87%，相对于自由现金流，现金支付率为30%。</blockquote></p><p> The secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.</p><p><blockquote>数字企业软件服务的长期需求趋势应该会让微软保持长期增长，其坚如磐石的财务状况应该会在市场再次调整时为股价提供缓冲。</blockquote></p><p> 2. Amazon</p><p><blockquote>2. 亚马逊</blockquote></p><p> Amazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.</p><p><blockquote>亚马逊通过其杂货业务（亚马逊生鲜和全食超市）提供基本服务。它也是云服务领域的领导者，拥有亚马逊网络服务业务。但是为消费者服务仍然是它的面包和黄油。一年一度的Prime Day（通常在夏季举行）已经变得和黑色星期五一样重要，该活动为亚马逊提供了一个通过其Prime会员计划接触新客户的机会。</blockquote></p><p> Amazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.</p><p><blockquote>亚马逊去年创造了4190亿美元的收入，对于一家大型企业来说，它继续快速增长。过去三年收入翻了一番，疫情期间增长加速。</blockquote></p><p> Still, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.</p><p><blockquote>尽管如此，对于这家电子商务巨头来说，并非所有的经济衰退都可能带来同样的结果。亚马逊销售大量消费电子产品和其他非必需品，人们在长期衰退期间可能不会购买。</blockquote></p><p> On the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.</p><p><blockquote>另一方面，许多客户可能会坚持使用他们的Prime会员资格来享受电影、音乐和免费杂货配送。亚马逊现在通过 Prime 拥有超过 2 亿忠实顾客，该公司看到 Prime 参与度持续上升，为消费者提供了一个更具粘性的服务生态系统。</blockquote></p><p> Like Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow.&nbsp;Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.</p><p><blockquote>与微软一样，无论经济状况如何，亚马逊都会产生大量自由现金流，以继续投资于未来。过去四个季度，亚马逊产生了 264 亿美元的自由现金流。其大部分营业利润来自云服务，过去 12 个月，亚马逊网络服务占总收入的 11.6%。</blockquote></p><p></p><p> While Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.</p><p><blockquote>虽然亚马逊不支付股息，但这在这个关头是一件好事，因为这意味着管理层仍然看到了投资建设更多履行仓库和自己的运输车队的巨大机会，以满足不断增长的需求。这是下一次市场调整时值得考虑购买的顶级成长型股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc76a43a51b8c48de3337ad1dea22962\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 数据</span></p></blockquote></p><p> 3. Apple</p><p><blockquote>3. 苹果</blockquote></p><p> <b>Apple</b>(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.</p><p><blockquote><b>苹果</b>（纳斯达克股票代码：AAPL）是世界上最具标志性的消费品牌之一。当然，如果人们没有钱花，其昂贵的铝包设备的销售可能会受到影响，但该公司的订阅服务也有不断增长的收入来源，并且它产生了大量现金来继续定期向股东支付股息。</blockquote></p><p> While iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.</p><p><blockquote>虽然 iPhone 收入在 2020 财年（截至 9 月）下降了 3.3%，但苹果的 Mac、iPad 和可穿戴设备销量在疫情期间以健康速度增长。自秋季推出 iPhone 12 以来，截至 3 月份的季度，苹果的收入同比增长已加速至 53%。</blockquote></p><p> Most importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products&nbsp;-- a great sign of Apple's brand strength in the marketplace.</p><p><blockquote>最重要的是，苹果活跃设备的安装基数不断创下新纪录。采用苹果新M1芯片的新款Mac和iPad Pro重振了这些产品的销售——这是苹果在市场上品牌实力的一个很好的标志。</blockquote></p><p> The stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.</p><p><blockquote>该股目前支付的股息率为0.67%，当前现金支付率为追踪自由现金流的15.7%。虽然股价比去年上涨了 50%，但远期市盈率与大盘大致持平，为预期市盈率的 24 倍。在这个估值水平下，短期内可能还有更大的上涨空间，特别是如果iPhone升级周期仍然强于投资者预期的话。</blockquote></p><p> During the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.</p><p><blockquote>在 4 月下旬的财报看涨期权上，苹果首席执行官蒂姆·库克 (Tim Cook) 指出，5G 渗透率“目前仍然很低”，该公司仍有许多升级工作要做。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e5874f0d32193fcda101a46ff8ad430\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPL PE RATIO (FORWARD)DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 AAPL 市盈率（远期）数据</span></p></blockquote></p><p> In the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.</p><p><blockquote>如果再次出现经济衰退，投资者可以放心，苹果的业务不会急需资金来继续生产新产品，最重要的是，让员工对工资感到满意。</blockquote></p><p> Apple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet,&nbsp;Apple continues to gush more every year, with trailing free cash flow topping $90 billion.</p><p><blockquote>苹果第二财季末的账面净现金为 870 亿美元。虽然管理层正在努力在其资产负债表上实现现金中性，但苹果每年都在继续激增，追踪自由现金流超过 900 亿美元。</blockquote></p><p> The key takeaway</p><p><blockquote>关键要点</blockquote></p><p> Shares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.</p><p><blockquote>在经济衰退期间，产生大量自由现金流的领先科技股将是相对安全的选择。微软、亚马逊和苹果显然拥有这些特征。这些公司是占主导地位的行业领导者，应该会在未来几年为投资者带来回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/09/3-top-tech-stocks-to-buy-during-a-recession/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/06/09/3-top-tech-stocks-to-buy-during-a-recession/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143747111","content_text":"Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.\nSome investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time tobuystock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.\nNo one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.\nHere are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.\n1. Microsoft\nMicrosoft's(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor toAmazon(NASDAQ:AMZN)in the cloud services market.\nEven with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.\n\"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.\nMicrosoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.\nMicrosoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters. With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.\nThe secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.\n2. Amazon\nAmazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.\nAmazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.\nStill, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.\nOn the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.\nLike Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow. Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.\nWhile Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.\nAAPLDATA BY YCHARTS\n3. Apple\nApple(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.\nWhile iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.\nMost importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products -- a great sign of Apple's brand strength in the marketplace.\nThe stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.\nDuring the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.\nAAPL PE RATIO (FORWARD)DATA BY YCHARTS\nIn the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.\nApple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet, Apple continues to gush more every year, with trailing free cash flow topping $90 billion.\nThe key takeaway\nShares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.","news_type":1,"symbols_score_info":{"MSFT":0.9,"AAPL":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":101498169,"gmtCreate":1619928540351,"gmtModify":1634209041591,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/101498169","repostId":"1144609375","repostType":4,"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121396110,"gmtCreate":1624452823530,"gmtModify":1631885865512,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Intel.. Up up up&nbsp;[开心]&nbsp;[财迷]&nbsp;","listText":"Intel.. Up up up&nbsp;[开心]&nbsp;[财迷]&nbsp;","text":"Intel.. Up up up [开心] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/121396110","repostId":"1146629706","repostType":4,"repost":{"id":"1146629706","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":1624449285,"share":"https://www.laohunote.com/m/news/1146629706?lang=zh_CN&edition=full","pubTime":"2021-06-23 19:54","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146629706","media":"Tiger Newspress","summary":"Stock futures are bouncing between small gains and losses, indicating a quiet opening.\nBitcoin, ethe","content":"<p><ul>  <li>Stock futures are bouncing between small gains and losses, indicating a quiet opening.</li>  <li>Bitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.</li>  <li>Crude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.</li>  <li>Torchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.</li>  <li>GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more made the biggest moves.</li> </ul> (June 23)&nbsp;U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.</p><p><blockquote><ul><li>股票期货在小幅涨跌之间波动，预示着开盘平静。</li><li>经过几天的动荡交易后，比特币、以太币和其他加密货币周三上涨。与此同时， 美国证券交易委员会推迟了允许比特币ETF的决定。</li><li>由于经济复苏的希望，原油价格触及多年高点，有迹象表明美国的反弹比世界其他地区更强劲。</li><li>Reddit 人群中的热门股票 Torchlight Energy 盘前暴跌，延续了前一天 29% 的跌幅。</li><li>葛兰素史克、MicroStrategy、Shake Shack 等公司动作最大。</li></ul>（6月23日）美国由于投资者评估经济复苏和持续政策支持的前景，周三股市涨跌互现。</blockquote></p><p> At 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&amp;P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25&nbsp;points, or 0.03%.</p><p><blockquote>美国东部时间上午 7:59，道琼斯期货合约仅上涨 17 点，即 0.05%，标普500期货下跌 0.25 点，即 0.01%，纳斯达克 100 指数期货上涨 4.25 点，即 0.03%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e352cd119b936c2cd0b2e789eff1776a\" tg-width=\"1242\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Contracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&amp;P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.</p><p><blockquote>在标普500指数连续两天上涨后，所有三个美国股市基准的合约几乎没有变化。尽管产出数据好于预期，但在奢侈品制造商 SLIDON 分析师下调了高价行业的评级后，欧洲股市仍下跌。亚洲股市上涨。</blockquote></p><p> Oil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.</p><p><blockquote>数据显示美国原油库存再次下降，增加了看涨前景，油价攀升至每桶 73 美元以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/292b831ab7a8ddca43fdc5432203af34\" tg-width=\"1200\" tg-height=\"675\"></p><p><blockquote></blockquote></p><p> Markets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.</p><p><blockquote>在经历了上周美联储在会议上的鹰派倾向引发的波动之后，本周市场趋于稳定。美联储主席杰罗姆·鲍威尔周二表示，央行将耐心等待借贷成本的提高，并重申尽管物价上涨幅度大于预期，但可能会减弱。</blockquote></p><p> The Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”</p><p><blockquote>以让-博伊文（Jean Boivin）为首的贝莱德投资研究所（BlackRock Investment Institute）策略师在一份报告中写道，美联储上周承认通胀上升并提前加息预测，“反映了更积极的长期动态”。“我们认为，美联储的新展望不会很快转化为大幅上调政策利率。这一点，再加上强有力的重启，巩固了我们支持风险的立场。”</blockquote></p><p> Elsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.</p><p><blockquote>在其他地方，包括铜和铁矿石在内的大宗商品价格上涨。比特币反弹，升至 30,000 美元以上。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more</b></p><p><blockquote><b>盘前涨幅最大的股票：葛兰素史克、MicroStrategy、Shake Shack 等</b></blockquote></p><p> <b>1)&nbsp;GlaxoSmithKline(GSK) </b>– The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.</p><p><blockquote><b>1）葛兰素史克（GSK）</b>- 该制药商详细说明了将其消费者医疗保健业务分拆为一家独立公司的计划，其股价在盘前上涨了 3.5%。葛兰素史克最终将从新公司获得110亿美元的付款。</blockquote></p><p> <b>2)&nbsp;MicroStrategy(MSTR)</b> – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.</p><p><blockquote><b>2）微策略（MSTR）</b>– MicroStrategy 在盘前交易中上涨 4.4%，与比特币价格同步交易。这家商业分析公司持有价值数十亿美元的比特币，并利用最近的价格下跌购买了更多。</blockquote></p><p> <b>3)&nbsp;Shake Shack(SHAK) </b>– Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.</p><p><blockquote><b>3) 摇晃小屋（SHAK）</b>– Shake Shack 宣布扩大其在中国的业务，目前在中国拥有 16 家餐厅。到2031年，它将在新界开设10家餐厅，并计划届时共有79家中国分店。Shake Shack 在盘前交易中上涨 1.5%。</blockquote></p><p> <b>4)&nbsp;Winnebago(WGO) </b>– The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.</p><p><blockquote><b>4) 温尼贝戈（世界卫生组织）</b>– 这家休闲车制造商公布的季度收益为每股 2.16 美元，远高于每股 1.77 美元的市场普遍预期。收入也翻了一番，达到创纪录水平，超出了华尔街的预期。可牵引产品的销售额比去年同期增长了近两倍。</blockquote></p><p> <b>5)&nbsp;Microsoft(MSFT) </b>– Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.</p><p><blockquote><b>5）微软（MSFT）</b>- 微软成为第二家市值突破 2 万亿美元的公司，在周二的交易中达到了这一里程碑。苹果公司（AAPL）目前市值为 2.2 万亿美元，是第一家。</blockquote></p><p> <b>6)&nbsp;Carrier Global(CARR)</b> – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.</p><p><blockquote><b>6）全球运营商（CARR）</b>- 在德意志银行（Deutsche Bank）的最新报道中，Carrier 的股票被评为 “买入”，该股在盘前上涨了 1.9%。德意志银行表示，这家工业设备制造商有望从其对非住宅建筑的投资以及对室内空气质量的日益重视中受益。</blockquote></p><p> <b>7)&nbsp;Amazon.com(AMZN) </b>– Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.</p><p><blockquote><b>7）亚马逊（AMZN）</b>– 亚马逊将成为卡车司机工会在全国范围内发起工会运动的目标，该工会指责这家零售巨头虐待仓库和物流工人。在工会国际大会上提出的一项决议中宣布了这一努力。</blockquote></p><p> <b>8)&nbsp;Intel(INTC)</b> – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.</p><p><blockquote><b>8) 英特尔(INTC)</b>– 这家半导体制造商正在创建两个新的业务部门，一个专注于软件，另一个专注于高性能计算和图形。</blockquote></p><p></p><p> <b>9)&nbsp;Alphabet(GOOGL)</b> – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.</p><p><blockquote><b>9）Alphabet（GOOGL）</b>- 据路透社报道，Alphabet的谷歌部门很快将面临一些州总检察长的诉讼。该诉讼最早可能于下周提起，将指控该公司的 Google Play 应用商店违反反垄断法。</blockquote></p><p> <b>10)&nbsp;Xpeng(XPEV) </b>– Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.</p><p><blockquote><b>10）小鹏汽车（XPEV）</b>– 小鹏汽车已获得香港证券交易所的首次公开募股许可，《华尔街日报》报道称，这家中国电动汽车制造商计划通过此次募股筹集高达 20 亿美元的资金。小鹏汽车已经在美国上市，市值超过300亿美元。小鹏汽车盘前上涨3.8%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-23 19:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Stock futures are bouncing between small gains and losses, indicating a quiet opening.</li>  <li>Bitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.</li>  <li>Crude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.</li>  <li>Torchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.</li>  <li>GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more made the biggest moves.</li> </ul> (June 23)&nbsp;U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.</p><p><blockquote><ul><li>股票期货在小幅涨跌之间波动，预示着开盘平静。</li><li>经过几天的动荡交易后，比特币、以太币和其他加密货币周三上涨。与此同时， 美国证券交易委员会推迟了允许比特币ETF的决定。</li><li>由于经济复苏的希望，原油价格触及多年高点，有迹象表明美国的反弹比世界其他地区更强劲。</li><li>Reddit 人群中的热门股票 Torchlight Energy 盘前暴跌，延续了前一天 29% 的跌幅。</li><li>葛兰素史克、MicroStrategy、Shake Shack 等公司动作最大。</li></ul>（6月23日）美国由于投资者评估经济复苏和持续政策支持的前景，周三股市涨跌互现。</blockquote></p><p> At 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&amp;P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25&nbsp;points, or 0.03%.</p><p><blockquote>美国东部时间上午 7:59，道琼斯期货合约仅上涨 17 点，即 0.05%，标普500期货下跌 0.25 点，即 0.01%，纳斯达克 100 指数期货上涨 4.25 点，即 0.03%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e352cd119b936c2cd0b2e789eff1776a\" tg-width=\"1242\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Contracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&amp;P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.</p><p><blockquote>在标普500指数连续两天上涨后，所有三个美国股市基准的合约几乎没有变化。尽管产出数据好于预期，但在奢侈品制造商 SLIDON 分析师下调了高价行业的评级后，欧洲股市仍下跌。亚洲股市上涨。</blockquote></p><p> Oil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.</p><p><blockquote>数据显示美国原油库存再次下降，增加了看涨前景，油价攀升至每桶 73 美元以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/292b831ab7a8ddca43fdc5432203af34\" tg-width=\"1200\" tg-height=\"675\"></p><p><blockquote></blockquote></p><p> Markets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.</p><p><blockquote>在经历了上周美联储在会议上的鹰派倾向引发的波动之后，本周市场趋于稳定。美联储主席杰罗姆·鲍威尔周二表示，央行将耐心等待借贷成本的提高，并重申尽管物价上涨幅度大于预期，但可能会减弱。</blockquote></p><p> The Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”</p><p><blockquote>以让-博伊文（Jean Boivin）为首的贝莱德投资研究所（BlackRock Investment Institute）策略师在一份报告中写道，美联储上周承认通胀上升并提前加息预测，“反映了更积极的长期动态”。“我们认为，美联储的新展望不会很快转化为大幅上调政策利率。这一点，再加上强有力的重启，巩固了我们支持风险的立场。”</blockquote></p><p> Elsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.</p><p><blockquote>在其他地方，包括铜和铁矿石在内的大宗商品价格上涨。比特币反弹，升至 30,000 美元以上。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more</b></p><p><blockquote><b>盘前涨幅最大的股票：葛兰素史克、MicroStrategy、Shake Shack 等</b></blockquote></p><p> <b>1)&nbsp;GlaxoSmithKline(GSK) </b>– The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.</p><p><blockquote><b>1）葛兰素史克（GSK）</b>- 该制药商详细说明了将其消费者医疗保健业务分拆为一家独立公司的计划，其股价在盘前上涨了 3.5%。葛兰素史克最终将从新公司获得110亿美元的付款。</blockquote></p><p> <b>2)&nbsp;MicroStrategy(MSTR)</b> – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.</p><p><blockquote><b>2）微策略（MSTR）</b>– MicroStrategy 在盘前交易中上涨 4.4%，与比特币价格同步交易。这家商业分析公司持有价值数十亿美元的比特币，并利用最近的价格下跌购买了更多。</blockquote></p><p> <b>3)&nbsp;Shake Shack(SHAK) </b>– Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.</p><p><blockquote><b>3) 摇晃小屋（SHAK）</b>– Shake Shack 宣布扩大其在中国的业务，目前在中国拥有 16 家餐厅。到2031年，它将在新界开设10家餐厅，并计划届时共有79家中国分店。Shake Shack 在盘前交易中上涨 1.5%。</blockquote></p><p> <b>4)&nbsp;Winnebago(WGO) </b>– The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.</p><p><blockquote><b>4) 温尼贝戈（世界卫生组织）</b>– 这家休闲车制造商公布的季度收益为每股 2.16 美元，远高于每股 1.77 美元的市场普遍预期。收入也翻了一番，达到创纪录水平，超出了华尔街的预期。可牵引产品的销售额比去年同期增长了近两倍。</blockquote></p><p> <b>5)&nbsp;Microsoft(MSFT) </b>– Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.</p><p><blockquote><b>5）微软（MSFT）</b>- 微软成为第二家市值突破 2 万亿美元的公司，在周二的交易中达到了这一里程碑。苹果公司（AAPL）目前市值为 2.2 万亿美元，是第一家。</blockquote></p><p> <b>6)&nbsp;Carrier Global(CARR)</b> – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.</p><p><blockquote><b>6）全球运营商（CARR）</b>- 在德意志银行（Deutsche Bank）的最新报道中，Carrier 的股票被评为 “买入”，该股在盘前上涨了 1.9%。德意志银行表示，这家工业设备制造商有望从其对非住宅建筑的投资以及对室内空气质量的日益重视中受益。</blockquote></p><p> <b>7)&nbsp;Amazon.com(AMZN) </b>– Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.</p><p><blockquote><b>7）亚马逊（AMZN）</b>– 亚马逊将成为卡车司机工会在全国范围内发起工会运动的目标，该工会指责这家零售巨头虐待仓库和物流工人。在工会国际大会上提出的一项决议中宣布了这一努力。</blockquote></p><p> <b>8)&nbsp;Intel(INTC)</b> – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.</p><p><blockquote><b>8) 英特尔(INTC)</b>– 这家半导体制造商正在创建两个新的业务部门，一个专注于软件，另一个专注于高性能计算和图形。</blockquote></p><p></p><p> <b>9)&nbsp;Alphabet(GOOGL)</b> – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.</p><p><blockquote><b>9）Alphabet（GOOGL）</b>- 据路透社报道，Alphabet的谷歌部门很快将面临一些州总检察长的诉讼。该诉讼最早可能于下周提起，将指控该公司的 Google Play 应用商店违反反垄断法。</blockquote></p><p> <b>10)&nbsp;Xpeng(XPEV) </b>– Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.</p><p><blockquote><b>10）小鹏汽车（XPEV）</b>– 小鹏汽车已获得香港证券交易所的首次公开募股许可，《华尔街日报》报道称，这家中国电动汽车制造商计划通过此次募股筹集高达 20 亿美元的资金。小鹏汽车已经在美国上市，市值超过300亿美元。小鹏汽车盘前上涨3.8%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146629706","content_text":"Stock futures are bouncing between small gains and losses, indicating a quiet opening.\nBitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.\nCrude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.\nTorchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.\nGlaxoSmithKline, MicroStrategy, Shake Shack & more made the biggest moves.\n\n(June 23) U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.\nAt 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25 points, or 0.03%.\n\nContracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.\nOil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.\n\nMarkets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.\nThe Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”\nElsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.\nStocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack & more\n1) GlaxoSmithKline(GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.\n2) MicroStrategy(MSTR) – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.\n3) Shake Shack(SHAK) – Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.\n4) Winnebago(WGO) – The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.\n5) Microsoft(MSFT) – Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.\n6) Carrier Global(CARR) – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.\n7) Amazon.com(AMZN) – Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.\n8) Intel(INTC) – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.\n9) Alphabet(GOOGL) – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.\n10) Xpeng(XPEV) – Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":115637325,"gmtCreate":1622984004267,"gmtModify":1631892204479,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Up upup 🤑","listText":"Up upup 🤑","text":"Up upup 🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/115637325","repostId":"1165368747","repostType":4,"isVote":1,"tweetType":1,"viewCount":672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113486770,"gmtCreate":1622634006090,"gmtModify":1634099750152,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/113486770","repostId":"1162242159","repostType":4,"repost":{"id":"1162242159","kind":"news","pubTimestamp":1622633461,"share":"https://www.laohunote.com/m/news/1162242159?lang=zh_CN&edition=full","pubTime":"2021-06-02 19:31","market":"us","language":"en","title":"Tesla and 6 More Stocks That Could Tumble If the Tech Rally Stalls<blockquote>如果科技股涨势停滞，特斯拉和另外 6 只股票可能暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162242159","media":"Barrons","summary":"After a few months of steep ups and downs, technology stocks are rising again,  thanks to the latest","content":"<p>After a few months of steep ups and downs, technology stocks are rising again,&nbsp; thanks to the latest reassuring commentary from the Federal Reserve about inflation and interest rates. The Nasdaq-100 index has rebounded 5.3% from its May 12 low and is approaching 14,100 points again.</p><p><blockquote>经过几个月的剧烈涨跌后，科技股再次上涨，这要归功于美联储关于通胀和利率的最新令人放心的评论。纳斯达克 100 指数已从 5 月 12 日的低点反弹 5.3%，再次逼近 14,100 点。</blockquote></p><p> Still,&nbsp;investors should expect that the good times won’t last, and be ready to take advantage, according to JPMorgan.</p><p><blockquote>尽管如此，摩根大通认为，投资者仍应预料到好景不长，并做好抓住机会的准备。</blockquote></p><p> The index, tracked by the $161 billion Invesco QQQ ETF (ticker: QQQ), has failed to break above resistance at 14,100 multiple times this year and many of its members are still showing negative momentum over longer periods. JPMorgan strategist Shawn Quigg says&nbsp;headwinds for tech stocks could last&nbsp;into the summer. He suggest investors buy put options on certain stocks in order to benefit.</p><p><blockquote>该指数由价值 1,610 亿美元的景顺 QQQ ETF（股票代码：QQQ）追踪，今年已多次未能突破 14,100 点的阻力位，其许多成员在较长时间内仍表现出负面势头。摩根大通策略师肖恩·奎格表示，科技股的逆风可能会持续到夏季。他建议投资者购买某些股票的看跌期权以从中受益。</blockquote></p><p> The trouble for tech stocks stems from concern about inflation. &nbsp;As the economy reopens, many companies have been noting shortages of raw materials, parts, and labor as they report their quarterly results. All those factors tend to boost prices, putting pressure on the Federal Reserve to raise interest rates to keep the economy from overheating.</p><p><blockquote>科技股的麻烦源于对通胀的担忧。随着经济重新开放，许多公司在报告季度业绩时都注意到原材料、零部件和劳动力短缺。所有这些因素往往会推高物价，给美联储带来加息压力，以防止经济过热。</blockquote></p><p> Higher rates reduce the present value of future cash flows, which is particularly problematic for expensive growth names in tech because most of the money those companies will bring in is expected years from now. As a result, investors have favored cyclical value stocks—more mature companies better positioned to benefit from an improving economy.</p><p><blockquote>较高的利率会降低未来现金流的现值，这对于昂贵的科技成长型公司来说尤其成问题，因为这些公司将带来的大部分资金预计将在几年后到位。因此，投资者青睐周期性价值股票——更成熟的公司能够更好地从经济改善中受益。</blockquote></p><p> While JPMorgan economists expect that inflation peaked in April, the market won’t be able to confirm this until late June when the May data is released. If personal consumption expenditures for May show a continued increase, that could signal still more inflation is on the way, putting some tech stocks&nbsp;at risk of additional losses,&nbsp;Quigg wrote in a research note.</p><p><blockquote>虽然摩根大通经济学家预计通胀将在 4 月份见顶，但市场要到 6 月底 5 月份数据公布时才能证实这一点。奎格在一份研究报告中写道，如果 5 月份个人消费支出继续增加，这可能表明更多的通胀即将到来，使一些科技股面临额外损失的风险。</blockquote></p><p> He looked at five popular technical signals––momentum for one, two, and three months and the 50-day and 100-day moving averages-––for the Nasdaq-100 stocks. He found that nearly 30% of Nasdaq-100 members are breaking lower, or are poised to do so, in terms of three to five of the signals, indicating negative momentum is still in place. The comparable figure for stocks in the&nbsp;S&amp;P 500&nbsp;is 15%, he said.</p><p><blockquote>他研究了纳斯达克 100 指数股票的五个流行技术信号——一个月、两个月和三个月的动量以及 50 天和 100 天移动平均线。他发现，就三到五个信号而言，近 30% 的纳斯达克 100 成员正在跌破或准备跌破，这表明负面势头仍然存在。他说，标普500股票的可比数字是15%。</blockquote></p><p> After excluding the illiquid and volatile names from the list of Nasdaq names with negative momentum<b>,</b>Quigg recommends investors purchase July puts on&nbsp;Baidu(BIDU),Pinduoduo(PDD),Skyworks Solutions(SWKS),Qualcomm(QCOM),Okta(OKTA),Xilinx(XLNX), and&nbsp;Tesla(TSLA). Buying a put gives the buyer the right to sell the underlying asset at a stated price, making a profit if the stock’s price falls below that point.</p><p><blockquote>在将非流动性和波动性的名字从负势头的纳斯达克名字列表中剔除后<b>,</b>Quigg 建议投资者购买百度 (BIDU)、拼多多 (PDD)、Skyworks Solutions (SWKS)、高通 (QCOM)、Okta (OKTA)、赛灵思 (XLNX) 和特斯拉 (TSLA) 的 7 月份看跌期权。买入看跌期权赋予买方以规定价格出售标的资产的权利，如果股票价格跌破该点，买方就能获利。</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 and 6 More Stocks That Could Tumble If the Tech Rally Stalls<blockquote>如果科技股涨势停滞，特斯拉和另外 6 只股票可能暴跌</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 and 6 More Stocks That Could Tumble If the Tech Rally Stalls<blockquote>如果科技股涨势停滞，特斯拉和另外 6 只股票可能暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-02 19:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a few months of steep ups and downs, technology stocks are rising again,&nbsp; thanks to the latest reassuring commentary from the Federal Reserve about inflation and interest rates. The Nasdaq-100 index has rebounded 5.3% from its May 12 low and is approaching 14,100 points again.</p><p><blockquote>经过几个月的剧烈涨跌后，科技股再次上涨，这要归功于美联储关于通胀和利率的最新令人放心的评论。纳斯达克 100 指数已从 5 月 12 日的低点反弹 5.3%，再次逼近 14,100 点。</blockquote></p><p> Still,&nbsp;investors should expect that the good times won’t last, and be ready to take advantage, according to JPMorgan.</p><p><blockquote>尽管如此，摩根大通认为，投资者仍应预料到好景不长，并做好抓住机会的准备。</blockquote></p><p> The index, tracked by the $161 billion Invesco QQQ ETF (ticker: QQQ), has failed to break above resistance at 14,100 multiple times this year and many of its members are still showing negative momentum over longer periods. JPMorgan strategist Shawn Quigg says&nbsp;headwinds for tech stocks could last&nbsp;into the summer. He suggest investors buy put options on certain stocks in order to benefit.</p><p><blockquote>该指数由价值 1,610 亿美元的景顺 QQQ ETF（股票代码：QQQ）追踪，今年已多次未能突破 14,100 点的阻力位，其许多成员在较长时间内仍表现出负面势头。摩根大通策略师肖恩·奎格表示，科技股的逆风可能会持续到夏季。他建议投资者购买某些股票的看跌期权以从中受益。</blockquote></p><p> The trouble for tech stocks stems from concern about inflation. &nbsp;As the economy reopens, many companies have been noting shortages of raw materials, parts, and labor as they report their quarterly results. All those factors tend to boost prices, putting pressure on the Federal Reserve to raise interest rates to keep the economy from overheating.</p><p><blockquote>科技股的麻烦源于对通胀的担忧。随着经济重新开放，许多公司在报告季度业绩时都注意到原材料、零部件和劳动力短缺。所有这些因素往往会推高物价，给美联储带来加息压力，以防止经济过热。</blockquote></p><p> Higher rates reduce the present value of future cash flows, which is particularly problematic for expensive growth names in tech because most of the money those companies will bring in is expected years from now. As a result, investors have favored cyclical value stocks—more mature companies better positioned to benefit from an improving economy.</p><p><blockquote>较高的利率会降低未来现金流的现值，这对于昂贵的科技成长型公司来说尤其成问题，因为这些公司将带来的大部分资金预计将在几年后到位。因此，投资者青睐周期性价值股票——更成熟的公司能够更好地从经济改善中受益。</blockquote></p><p> While JPMorgan economists expect that inflation peaked in April, the market won’t be able to confirm this until late June when the May data is released. If personal consumption expenditures for May show a continued increase, that could signal still more inflation is on the way, putting some tech stocks&nbsp;at risk of additional losses,&nbsp;Quigg wrote in a research note.</p><p><blockquote>虽然摩根大通经济学家预计通胀将在 4 月份见顶，但市场要到 6 月底 5 月份数据公布时才能证实这一点。奎格在一份研究报告中写道，如果 5 月份个人消费支出继续增加，这可能表明更多的通胀即将到来，使一些科技股面临额外损失的风险。</blockquote></p><p> He looked at five popular technical signals––momentum for one, two, and three months and the 50-day and 100-day moving averages-––for the Nasdaq-100 stocks. He found that nearly 30% of Nasdaq-100 members are breaking lower, or are poised to do so, in terms of three to five of the signals, indicating negative momentum is still in place. The comparable figure for stocks in the&nbsp;S&amp;P 500&nbsp;is 15%, he said.</p><p><blockquote>他研究了纳斯达克 100 指数股票的五个流行技术信号——一个月、两个月和三个月的动量以及 50 天和 100 天移动平均线。他发现，就三到五个信号而言，近 30% 的纳斯达克 100 成员正在跌破或准备跌破，这表明负面势头仍然存在。他说，标普500股票的可比数字是15%。</blockquote></p><p> After excluding the illiquid and volatile names from the list of Nasdaq names with negative momentum<b>,</b>Quigg recommends investors purchase July puts on&nbsp;Baidu(BIDU),Pinduoduo(PDD),Skyworks Solutions(SWKS),Qualcomm(QCOM),Okta(OKTA),Xilinx(XLNX), and&nbsp;Tesla(TSLA). Buying a put gives the buyer the right to sell the underlying asset at a stated price, making a profit if the stock’s price falls below that point.</p><p><blockquote>在将非流动性和波动性的名字从负势头的纳斯达克名字列表中剔除后<b>,</b>Quigg 建议投资者购买百度 (BIDU)、拼多多 (PDD)、Skyworks Solutions (SWKS)、高通 (QCOM)、Okta (OKTA)、赛灵思 (XLNX) 和特斯拉 (TSLA) 的 7 月份看跌期权。买入看跌期权赋予买方以规定价格出售标的资产的权利，如果股票价格跌破该点，买方就能获利。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/how-to-score-with-options-if-the-rebound-in-tech-stocks-doesnt-last-51622582508?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":{"PDD":"拼多多","BIDU":"百度","OKTA":"Okta Inc.","SWKS":"思佳讯","QCOM":"高通","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/how-to-score-with-options-if-the-rebound-in-tech-stocks-doesnt-last-51622582508?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162242159","content_text":"After a few months of steep ups and downs, technology stocks are rising again,  thanks to the latest reassuring commentary from the Federal Reserve about inflation and interest rates. The Nasdaq-100 index has rebounded 5.3% from its May 12 low and is approaching 14,100 points again.\nStill, investors should expect that the good times won’t last, and be ready to take advantage, according to JPMorgan.\nThe index, tracked by the $161 billion Invesco QQQ ETF (ticker: QQQ), has failed to break above resistance at 14,100 multiple times this year and many of its members are still showing negative momentum over longer periods. JPMorgan strategist Shawn Quigg says headwinds for tech stocks could last into the summer. He suggest investors buy put options on certain stocks in order to benefit.\nThe trouble for tech stocks stems from concern about inflation.  As the economy reopens, many companies have been noting shortages of raw materials, parts, and labor as they report their quarterly results. All those factors tend to boost prices, putting pressure on the Federal Reserve to raise interest rates to keep the economy from overheating.\nHigher rates reduce the present value of future cash flows, which is particularly problematic for expensive growth names in tech because most of the money those companies will bring in is expected years from now. As a result, investors have favored cyclical value stocks—more mature companies better positioned to benefit from an improving economy.\nWhile JPMorgan economists expect that inflation peaked in April, the market won’t be able to confirm this until late June when the May data is released. If personal consumption expenditures for May show a continued increase, that could signal still more inflation is on the way, putting some tech stocks at risk of additional losses, Quigg wrote in a research note.\nHe looked at five popular technical signals––momentum for one, two, and three months and the 50-day and 100-day moving averages-––for the Nasdaq-100 stocks. He found that nearly 30% of Nasdaq-100 members are breaking lower, or are poised to do so, in terms of three to five of the signals, indicating negative momentum is still in place. The comparable figure for stocks in the S&P 500 is 15%, he said.\nAfter excluding the illiquid and volatile names from the list of Nasdaq names with negative momentum,Quigg recommends investors purchase July puts on Baidu(BIDU),Pinduoduo(PDD),Skyworks Solutions(SWKS),Qualcomm(QCOM),Okta(OKTA),Xilinx(XLNX), and Tesla(TSLA). Buying a put gives the buyer the right to sell the underlying asset at a stated price, making a profit if the stock’s price falls below that point.","news_type":1,"symbols_score_info":{"SWKS":0.9,"PDD":0.9,"BIDU":0.9,"QCOM":0.9,"TSLA":0.9,"XLNX":0.9,"OKTA":0.9}},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107982215,"gmtCreate":1620439095937,"gmtModify":1634198774977,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Up up. Up","listText":"Up up. Up","text":"Up up. Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/107982215","repostId":"1120904578","repostType":4,"repost":{"id":"1120904578","kind":"news","pubTimestamp":1620429937,"share":"https://www.laohunote.com/m/news/1120904578?lang=zh_CN&edition=full","pubTime":"2021-05-08 07:25","market":"us","language":"en","title":"S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道琼斯指数创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120904578","media":"Reuters","summary":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the","content":"<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p><blockquote>道琼斯指数和标普500指数周五创下收盘新高，本周上涨，<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>美国就业数据缓解了人们对加息前景的担忧后复苏。</blockquote></p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p><blockquote>劳工部报告显示，美国4月份就业增长意外放缓，可能受到工人短缺的限制。</blockquote></p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p><blockquote>该报告缓解了对通胀上升和美国利率潜在上升的一些担忧，一些投资者担心这将损害高估值的成长型公司。</blockquote></p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p><blockquote>“Globalt Investments 高级投资组合经理汤姆-马丁（Tom Martin）说：”那些被淘汰的成长型股票又获得了一次机会，因为在复苏放缓的环境中，它们会被认为风险较小，而就业数据正是表明了这一点。</blockquote></p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p><blockquote>权重较大的成长股，例如<a href=\"https://laohu8.com/S/MSFT\">微软</a>公司MSFT.O和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc AAPL.O 分别上涨 1.1% 和 0.5%，给标普500和纳斯达克带来最大提振。</blockquote></p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p><blockquote>但涨幅是广泛的，所有主要标普500板块均以绿色和能源 SPNY 收盘，房地产 SPLRCR 领涨。能源和材料SPLRCM均创下新高。</blockquote></p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p><blockquote>道琼斯指数上涨229.23点，或0.66%，至34,777.76点；标普500指数上涨30.98点，或0.74%，至4,232.6点；纳斯达克综合指数上涨119.40点，或0.88%，至13,752.24点。</blockquote></p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p><blockquote>本周道琼斯指数上涨 2.7%，为 3 月份以来最大单周百分比涨幅。标普500指数上涨 1.2%，为 4 月中旬以来最好的一周，而纳斯达克指数下跌 1.5%。</blockquote></p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p><blockquote>“Axs Investments 首席执行官格雷格-巴苏克（Greg Bassuk）说：”（美联储）政策保持不变的预期和确认，以及随着疫苗的推出，经济持续复苏，推动了这些历史新高，但我们确实认为，短期内波动性将会加剧。</blockquote></p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p><blockquote>大量乐观的盈利也帮助了股市，根据路孚特的数据，目前预计标普500第一季度盈利将比去年同期增长 50.4%，这将是自 2010 年第一季度以来的最高增长率。</blockquote></p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p><blockquote>支付公司<a href=\"https://laohu8.com/S/SQ\">平方</a>Inc SQ.N 公布好于预期的季度利润后上涨 4.2%，因为对比特币的需求激增推动了其应用程序上加密货币交易的激增。（全文）</blockquote></p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><blockquote>流媒体设备制造商<a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>ROKU.O 因营收前景乐观而上涨 11.5%，而健身器材制造商 Peloton Interactive Inc PTON.O 则因采取措施提高设备安全性而上涨。（完整故事）（完整故事）</blockquote></p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p><blockquote><a href=\"https://laohu8.com/S/EXPE\">Expedia</a>Group Inc EXPE.O 的股价上涨了 5.2%，原因是分析师在该公司业绩乐观后上调了目标价。</blockquote></p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨发行量超过下跌发行量，比例为 3.27 比 1；在纳斯达克，2.12比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p><blockquote>标普500创下 164 个 52 周新高，<a href=\"https://laohu8.com/S/AONE\">一</a>新低；纳斯达克综合指数创下164个新高和64个新低。</blockquote></p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 102.3 亿股，而过去 20 个交易日整个交易日的平均成交量为 101.1 亿股。</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>S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道琼斯指数创下历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道琼斯指数创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-05-08 07:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p><blockquote>道琼斯指数和标普500指数周五创下收盘新高，本周上涨，<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>美国就业数据缓解了人们对加息前景的担忧后复苏。</blockquote></p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p><blockquote>劳工部报告显示，美国4月份就业增长意外放缓，可能受到工人短缺的限制。</blockquote></p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p><blockquote>该报告缓解了对通胀上升和美国利率潜在上升的一些担忧，一些投资者担心这将损害高估值的成长型公司。</blockquote></p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p><blockquote>“Globalt Investments 高级投资组合经理汤姆-马丁（Tom Martin）说：”那些被淘汰的成长型股票又获得了一次机会，因为在复苏放缓的环境中，它们会被认为风险较小，而就业数据正是表明了这一点。</blockquote></p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p><blockquote>权重较大的成长股，例如<a href=\"https://laohu8.com/S/MSFT\">微软</a>公司MSFT.O和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc AAPL.O 分别上涨 1.1% 和 0.5%，给标普500和纳斯达克带来最大提振。</blockquote></p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p><blockquote>但涨幅是广泛的，所有主要标普500板块均以绿色和能源 SPNY 收盘，房地产 SPLRCR 领涨。能源和材料SPLRCM均创下新高。</blockquote></p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p><blockquote>道琼斯指数上涨229.23点，或0.66%，至34,777.76点；标普500指数上涨30.98点，或0.74%，至4,232.6点；纳斯达克综合指数上涨119.40点，或0.88%，至13,752.24点。</blockquote></p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p><blockquote>本周道琼斯指数上涨 2.7%，为 3 月份以来最大单周百分比涨幅。标普500指数上涨 1.2%，为 4 月中旬以来最好的一周，而纳斯达克指数下跌 1.5%。</blockquote></p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p><blockquote>“Axs Investments 首席执行官格雷格-巴苏克（Greg Bassuk）说：”（美联储）政策保持不变的预期和确认，以及随着疫苗的推出，经济持续复苏，推动了这些历史新高，但我们确实认为，短期内波动性将会加剧。</blockquote></p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p><blockquote>大量乐观的盈利也帮助了股市，根据路孚特的数据，目前预计标普500第一季度盈利将比去年同期增长 50.4%，这将是自 2010 年第一季度以来的最高增长率。</blockquote></p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p><blockquote>支付公司<a href=\"https://laohu8.com/S/SQ\">平方</a>Inc SQ.N 公布好于预期的季度利润后上涨 4.2%，因为对比特币的需求激增推动了其应用程序上加密货币交易的激增。（全文）</blockquote></p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><blockquote>流媒体设备制造商<a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>ROKU.O 因营收前景乐观而上涨 11.5%，而健身器材制造商 Peloton Interactive Inc PTON.O 则因采取措施提高设备安全性而上涨。（完整故事）（完整故事）</blockquote></p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p><blockquote><a href=\"https://laohu8.com/S/EXPE\">Expedia</a>Group Inc EXPE.O 的股价上涨了 5.2%，原因是分析师在该公司业绩乐观后上调了目标价。</blockquote></p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨发行量超过下跌发行量，比例为 3.27 比 1；在纳斯达克，2.12比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p><blockquote>标普500创下 164 个 52 周新高，<a href=\"https://laohu8.com/S/AONE\">一</a>新低；纳斯达克综合指数创下164个新高和64个新低。</blockquote></p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 102.3 亿股，而过去 20 个交易日整个交易日的平均成交量为 101.1 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/\">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":{"161125":"标普500","513500":"标普500ETF博时","ROKU":"Roku Inc",".IXIC":"NASDAQ Composite","SSO":"2倍做多标普500ETF-ProShares","AAPL":"苹果","EXPE":"Expedia","OEX":"标普100","MSFT":"微软","SPY":"标普500ETF","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares",".DJI":"道琼斯","SDS":"两倍做空标普500 ETF-ProShares"},"source_url":"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120904578","content_text":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.Heavily-weighted growth stocks such as Microsoft Corp MSFT.O and Apple Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.But gains were broad-based, with all major S&P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.Payments firm Square Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)Streaming device maker Roku Inc ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)Expedia Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"AAPL":0.9,".IXIC":0.9,"SPXU":0.9,"SPY":0.9,"ROKU":0.9,".SPX":0.9,".DJI":0.9,"UPRO":0.9,"IVV":0.9,"EXPE":0.9,"OEF":0.9,"SDS":0.9,"OEX":0.9,"MSFT":0.9,"SQ":0.9,"SSO":0.9,"SH":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138385245,"gmtCreate":1621910481587,"gmtModify":1634185565613,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138385245","repostId":"2138159407","repostType":4,"isVote":1,"tweetType":1,"viewCount":1056,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":153671239,"gmtCreate":1625024534721,"gmtModify":1631884218959,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Just wear the bloody mask..so what if you are vaccine..&nbsp;","listText":"Just wear the bloody mask..so what if you are vaccine..&nbsp;","text":"Just wear the bloody mask..so what if you are vaccine..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153671239","repostId":"2147798896","repostType":4,"isVote":1,"tweetType":1,"viewCount":2107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162939962,"gmtCreate":1624030514756,"gmtModify":1631889891348,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"Drop and guy the dip?&nbsp;","listText":"Drop and guy the dip?&nbsp;","text":"Drop and guy the dip?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162939962","repostId":"1119296361","repostType":4,"repost":{"id":"1119296361","kind":"news","pubTimestamp":1624028454,"share":"https://www.laohunote.com/m/news/1119296361?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:00","market":"us","language":"en","title":"Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119296361","media":"Barrons","summary":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier","content":"<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>美联储发布 6 月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场上最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借款和长期借出来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会改善，而当发生相反情况时，利润就会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三的会议结束后，10 年期国债收益率大幅反弹，上涨 0.071%，至 1.569%，而两年期国债收益率上涨 0.038 个百分点，至 0.203%，两者之间的利差为 1.366 个百分点。这种扩大使得金融业，特别是银行股，成为少数几个对美联储周三的声明做出积极反应的行业之一。PDR S&amp;P Bank ETF (KBE) 上涨 0.9%，摩根大通 (JPM) 上涨 0.7%，尽管标准普尔 500 指数下跌 0.5%，道琼斯工业平均指数下跌 0.8%，纳斯达克综合指数下跌 0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期收益率已降至1.498%，而两年期收益率已升至0.238%，差距为1.26个百分点。所谓的收益率曲线变平对于银行等对利率敏感的行业来说是个坏消息。SPDR S&amp;P Bank ETF 周四下跌 4.5%，周五盘前交易中下跌 1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道琼斯指数期货下跌0.8%。纳斯达克综合指数期货下跌 0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>为什么要背离市场？要想让收益率持续上升，经济需要表现出正在快速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长会重演。Evercore ISI 策略师丹尼斯·德布舍尔 (Dennis DeBusschere) 表示，由于周四申请失业救济人数大幅下降，并在六周下降后首次出现上升，市场决定关注后者，而不是前者。“他写道：”与之前所有人的想法相比，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那样强劲。</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</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>Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</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\">\nBank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-18 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>美联储发布 6 月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场上最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借款和长期借出来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会改善，而当发生相反情况时，利润就会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三的会议结束后，10 年期国债收益率大幅反弹，上涨 0.071%，至 1.569%，而两年期国债收益率上涨 0.038 个百分点，至 0.203%，两者之间的利差为 1.366 个百分点。这种扩大使得金融业，特别是银行股，成为少数几个对美联储周三的声明做出积极反应的行业之一。PDR S&amp;P Bank ETF (KBE) 上涨 0.9%，摩根大通 (JPM) 上涨 0.7%，尽管标准普尔 500 指数下跌 0.5%，道琼斯工业平均指数下跌 0.8%，纳斯达克综合指数下跌 0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期收益率已降至1.498%，而两年期收益率已升至0.238%，差距为1.26个百分点。所谓的收益率曲线变平对于银行等对利率敏感的行业来说是个坏消息。SPDR S&amp;P Bank ETF 周四下跌 4.5%，周五盘前交易中下跌 1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道琼斯指数期货下跌0.8%。纳斯达克综合指数期货下跌 0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>为什么要背离市场？要想让收益率持续上升，经济需要表现出正在快速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长会重演。Evercore ISI 策略师丹尼斯·德布舍尔 (Dennis DeBusschere) 表示，由于周四申请失业救济人数大幅下降，并在六周下降后首次出现上升，市场决定关注后者，而不是前者。“他写道：”与之前所有人的想法相比，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那样强劲。</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA\">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":{"BAC":"美国银行","JPM":"摩根大通","WFC":"富国银行","GS":"高盛","C":"花旗","MS":"摩根士丹利"},"source_url":"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119296361","content_text":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.\nThere’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.\nAfter Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%\nThe market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.\nWhy the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.\nUntil that changes, it will be hard for bank stocks to bounce back.","news_type":1,"symbols_score_info":{"MS":0.9,"WFC":0.9,"BAC":0.9,"GS":0.9,"JPM":0.9,"C":0.9}},"isVote":1,"tweetType":1,"viewCount":867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167021642,"gmtCreate":1624240063186,"gmtModify":1631889891323,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"[开心]&nbsp;[财迷]&nbsp;","listText":"[开心]&nbsp;[财迷]&nbsp;","text":"[开心] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167021642","repostId":"1182485162","repostType":4,"isVote":1,"tweetType":1,"viewCount":3562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":186539043,"gmtCreate":1623508669382,"gmtModify":1631892204465,"author":{"id":"3583019971396816","authorId":"3583019971396816","name":"Tigger777","avatar":"https://static.tigerbbs.com/53969c426622bc828bc9dda9aa263652","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583019971396816","authorIdStr":"3583019971396816"},"themes":[],"title":"","htmlText":"🤑","listText":"🤑","text":"🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186539043","repostId":"2142204074","repostType":4,"isVote":1,"tweetType":1,"viewCount":971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}