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Xuehao

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2021-06-14

Nice! Pls like n comment

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2021-05-26

Pls comment

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2021-05-12

Comment

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2021-06-03

Solid pls like n comment

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2021-05-31

O Mannnnn!!

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2021-05-25

Will it drop below $500?

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2021-05-21

Helloo

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2021-05-20

Thanks

3 Things to Watch for in the Fed Minutes Today<blockquote>今日美联储会议纪要中值得关注的3件事</blockquote>

2021-07-15

Ups

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2021-06-10

Like n comment

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la..&nbsp;","listText":"Helos la..&nbsp;","text":"Helos la..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800169419","repostId":"1176724863","repostType":4,"isVote":1,"tweetType":1,"viewCount":2148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147254977,"gmtCreate":1626360845899,"gmtModify":1633927485957,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Ups","listText":"Ups","text":"Ups","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147254977","repostId":"1155093230","repostType":4,"isVote":1,"tweetType":1,"viewCount":3678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147255761,"gmtCreate":1626360823853,"gmtModify":1633927486202,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Ups","listText":"Ups","text":"Ups","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147255761","repostId":"1105855063","repostType":4,"isVote":1,"tweetType":1,"viewCount":2025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154754276,"gmtCreate":1625548066895,"gmtModify":1633939746786,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Too the moonn,&nbsp; like n share tq","listText":"Too the moonn,&nbsp; like n share tq","text":"Too the moonn, like n share tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154754276","repostId":"1164348327","repostType":4,"repost":{"id":"1164348327","kind":"news","pubTimestamp":1625535165,"share":"https://www.laohu8.com/m/news/1164348327?lang=zh_CN&edition=full","pubTime":"2021-07-06 09:32","market":"us","language":"en","title":"5 Ultra-Popular Stocks to Avoid Like the Plague in July<blockquote>7月份要像瘟疫一样避开的5只超热门股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164348327","media":"The motley fool","summary":"For the past 15 months, Wall Street and investors have enjoyed a historic bounce-back rally. The ben","content":"<p>For the past 15 months, Wall Street and investors have enjoyed a historic bounce-back rally. The benchmark<b>S&amp;P 500</b>has gained more than 90% since hitting its bear-market bottom on March 23, 2020.</p><p><blockquote>在过去的15个月里，华尔街和投资者享受了历史性的反弹。基准<b>标普500</b>自2020年3月23日触及熊市底部以来，已上涨超过90%。</blockquote></p><p> While a number of high-quality and innovative businesses have led this rally, it's also allowed quite a few terrible companies to thrive. It's my suggestion that the following five ultra-popular stocks be avoided like the plague in July.</p><p><blockquote>虽然许多高质量和创新的企业引领了这场反弹，但它也让相当多糟糕的公司蓬勃发展。我建议像七月瘟疫一样避开以下五只超受欢迎的股票。</blockquote></p><p> Coinbase Global</p><p><blockquote>比特币基地全球</blockquote></p><p> First up is cryptocurrency exchange and ecosystem<b>Coinbase Global</b>(NASDAQ:COIN). Coinbase is popular given how quickly its revenue and profits surged in the first quarter as investors piled into the likes of<b>Bitcoin</b>&nbsp;and<b>Ethereum</b>. The problem is there are a trio of catalysts working against the Coinbase brokerage model.</p><p><blockquote>首先是加密货币交易所和生态系统<b>比特币基地全球</b>（纳斯达克：硬币）。Coinbase很受欢迎，因为投资者纷纷涌入Coinbase等公司，其第一季度收入和利润飙升得如此之快<b>比特币</b>和<b>以太币</b>.问题是有三种催化剂对Coinbase经纪模式不利。</blockquote></p><p> To start with, there's nothing that prevents competing exchanges from undercutting Coinbase Global's fees. It might have the verified user advantage at the moment, but don't underestimate the willingness of crypto investors to jump ship to save on transaction fees. We witnessed it among traditional brokerages, and the industry eventually wound up going commission-free.</p><p><blockquote>首先，没有什么可以阻止竞争交易所降低Coinbase Global的费用。目前它可能具有经过验证的用户优势，但不要低估加密货币投资者为节省交易费用而跳槽的意愿。我们在传统券商中目睹了这一点，该行业最终实现了免佣金。</blockquote></p><p> Second,crypto has a history of boom-and-bust cycles. Bitcoin has had three separate instances over the last decade where it's shed at least 80% of its value. This is an entirely momentum-based investment, and when upside momentum dries up, so does Coinbase's trading revenue. Following a 2017 peak, Coinbase saw its revenue nearly halve in subsequent years.</p><p><blockquote>其次，加密货币有繁荣和萧条周期的历史。在过去十年中，比特币曾发生过三起独立的事件，其价值至少缩水80%。这是一项完全基于动量的投资，当上行动力枯竭时，Coinbase的交易收入也会枯竭。继2017年达到峰值后，Coinbase的收入在随后几年几乎减半。</blockquote></p><p> And third, the past four weeks, through June 28, saw outflows from crypto of $257.3 million, according to CoinShares Digital Asset Fund Flows Weekly. This is more evidence that interest in crypto is already dwindling with these assets well off their highs. Suffice it to say, Coinbase isnot a stock you're going to want to ownmoving forward.</p><p><blockquote>第三，根据CoinShares数字资产基金流量周刊的数据，截至6月28日的过去四周内，加密货币资金流出量为2.573亿美元。这进一步证明，随着这些资产远低于高点，人们对加密货币的兴趣已经在下降。可以说，Coinbase并不是一只您未来想要拥有的股票。</blockquote></p><p> Cassava Sciences</p><p><blockquote>木薯科学</blockquote></p><p> Another ultra-popular company with a terrible risk-versus-reward ratio is clinical-stagebiotech stock<b>Cassava Sciences</b>(NASDAQ:SAVA).</p><p><blockquote>另一家风险回报比糟糕的超受欢迎公司是临床阶段的生物技术股票<b>木薯科学</b>（纳斯达克：萨瓦）。</blockquote></p><p> Cassava rightly made waves in February when it announced positive clinical data from an interim analysis of simufilam as a treatment for Alzheimer's disease. The open-label trial showed improvement in cognition and behavior at the six-month mark, and more recently allowed Cassava to outline its plans for a phase 3 trial involving its lead drug candidate.</p><p><blockquote>Cassava在2月份宣布了simufilam治疗阿尔茨海默病的中期分析的积极临床数据，这理所当然地引起了轰动。这项开放标签试验显示，在六个月时认知和行为有所改善，最近允许Cassava概述其涉及其主要候选药物的3期试验计划。</blockquote></p><p> I'd love for simufilam to be successful, but history has shown that Alzheimer's is <a href=\"https://laohu8.com/S/AONE\">one</a> of the toughest-to-treat diseases. With the exception of<b>Biogen</b>'s Aduhelm, which was approved by the Food and Drug Administration (FDA) but has been criticized heavily for its lack of clear benefit, every Alzheimer's drughas failed in late-stage studies for more than a decade. All investors have to go on is early stage, open-label data from a trial that aimed to enroll 100 patients. It's not been uncommon to see positive early or-mid-stage results get pulverized come a large phase 3 Alzheimer's trial.</p><p><blockquote>我希望simufilam能够成功，但历史表明阿尔茨海默氏症是<a href=\"https://laohu8.com/S/AONE\">一</a>最难治疗的疾病。除了<b>Biogen</b>Aduhelm获得了美国食品和药物管理局(FDA)的批准，但因缺乏明确的益处而受到严厉批评，十多年来，每种阿尔茨海默病药物都在后期研究中失败。投资者所要做的就是一项旨在招募100名患者的试验的早期开放标签数据。在大型3期阿尔茨海默病试验中，早期或中期的积极结果被粉碎的情况并不罕见。</blockquote></p><p> Although Cassava raised a good amount of cash to continue its research, history suggests that simufilam's chance of success is very slim. That makes Cassava Sciences easily avoidable.</p><p><blockquote>尽管Cassava筹集了大量现金来继续其研究，但历史表明simufilam成功的机会非常渺茫。这使得木薯科学很容易避免。</blockquote></p><p> GameStop</p><p><blockquote>游戏驿站</blockquote></p><p> If you've been following the retail trade movement (i.e. Reddit stocks), whereby retail investors are seeking out heavily short-sold companies and attempting to effect a short squeeze, you probably know video game and accessories retailer<b>GameStop</b>(NYSE:GME).</p><p><blockquote>如果您一直在关注零售贸易运动（即Reddit股票），散户投资者正在寻找大量卖空的公司并试图进行轧空，您可能知道视频游戏和配件零售商<b>游戏驿站</b>（纽约证券交易所代码：GME）。</blockquote></p><p> On <a href=\"https://laohu8.com/S/AONE.U\">one</a> hand, GameStop has been able to capitalize on its recent fame byselling stock to raise capitalfor its ongoing transformation to a digital gaming company. It's a much-needed move after e-commerce sales jumped 191% in fiscal 2020 and more than quadrupled during the holiday season, from the prior-year period.</p><p><blockquote>在<a href=\"https://laohu8.com/S/AONE.U\">一</a>另一方面，游戏驿站能够利用其最近的名气，通过出售股票为其正在进行的向数字游戏公司的转型筹集资金。这是一项急需的举措，此前电子商务销售额在2020财年增长了191%，在假期期间比去年同期增长了四倍多。</blockquote></p><p> However, these capital raises don't overlook the fact that theprevious management team failed the company. For two decades, a brick-and-mortar gaming model worked well. However, sticking to this brick-and-mortar model when gaming was going digital left the company in a precarious position. Today, GameStop continues to lose money, even with rapid e-commerce growth, and saw its same-store sales decline by almost 10% last year. Digital sales may be growing, but total revenue is going nowhere as GameStop shutters its physical locations to lower costs.</p><p><blockquote>然而，这些融资并没有忽视前任管理团队让公司失望的事实。二十年来，实体游戏模式运行良好。然而，当游戏走向数字化时，坚持这种实体模式会让公司陷入不稳定的境地。如今，即使电子商务快速增长，游戏驿站仍在继续亏损，去年同店销售额下降了近10%。数字销售可能在增长，但随着游戏驿站关闭其实体店以降低成本，总收入将无处可去。</blockquote></p><p> GameStop is in no way a bankruptcy candidate, and I can actually see a path to profitability years down the road. But with that being said, the gains it's seen make no sense given the long transformation and operating losses that lie ahead.</p><p><blockquote>游戏驿站绝不是破产的候选者，我实际上可以看到几年后实现盈利的道路。但话虽如此，考虑到未来漫长的转型和运营亏损，所看到的收益毫无意义。</blockquote></p><p> Inovio Pharmaceuticals</p><p><blockquote>Inovio制药公司</blockquote></p><p> Biotech stocks can offer ample opportunity, or in<b>Inovio Pharmaceuticals</b>'(NASDAQ:INO)case, suck the lifeblood out of long-term investors.</p><p><blockquote>生物科技股可以提供充足的机会，或者<b>Inovio制药公司</b>（纳斯达克：INO）案例，吸走长期投资者的命脉。</blockquote></p><p></p><p> Inovio would appear to be an intriguing company based solely on paper. It has a pipeline that currently includes over a dozen clinical candidates to treat cancer, infectious diseases, and human papilloma virus. The most-promising looks to be INO-4800, the company's coronavirus disease 2019 (COVID-19) vaccine candidate that's readying for phase 3 studies. But if you do any digging into Inovio's clinical performance, you'll be sorely disappointed.</p><p><blockquote>Inovio似乎是一家仅基于纸张的有趣公司。它的产品线目前包括十几种治疗癌症、传染病和人乳头瘤病毒的临床候选药物。最有前途的看起来是INO-4800，这是该公司的冠状病毒病2019（COVID-19）候选疫苗，已准备好进行3期研究。但如果你深入研究Inovio的临床表现，你会非常失望。</blockquote></p><p> For example, INO-4800had been placed on partial clinical holdin the U.S. while regulators requested additional data on Inovio's vaccine and its delivery system, Cellectra. More recently, INO-4800 had its late-stage funding pulled by the U.S. government, which is why it's now seeking an international study for its COVID-19 candidate.</p><p><blockquote>例如，INO-4800在美国已被部分临床搁置，而监管机构要求提供有关Inovio疫苗及其输送系统Cellectra的更多数据。最近，INO-4800的后期资金被美国政府取消，这就是为什么它现在正在为其COVID-19候选药物寻求国际研究。</blockquote></p><p> If you think I'm unfairly picking on Inovio for its COVID-19 struggles, pan out even further. In four decades, Inoviohasn't managed to get a drug approved by the FDA. This isn't me wishing bad things on Inovio -- this is the reality that hope and results haven't aligned with this company for a long time. Until Inovio proves itself in a late-stage clinical trial, it's worth avoiding.</p><p><blockquote>如果你认为我不公平地指责Inovio在新冠肺炎的挣扎，那就更进一步吧。四十年来，Inovio一直未能获得FDA批准的药物。这并不是我希望Inovio发生不好的事情——这是现实，希望和结果很长一段时间都没有与这家公司保持一致。在Inovio在后期临床试验中证明自己之前，值得避免使用。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> Finally, I can't forgetongoing pump-and-dump scheme<b>AMC Entertainment</b>(NYSE:AMC). While retail investors were able to claim victory by effecting a short squeeze in January after AMC saved itself by issuing a bunch of shares and high-interest debt, the most recent run-up has nothing to do with a short squeeze. Rather, it's based predominantly on hype, the purposeful obfuscation of concrete fundamental data on message boards, and broad-based, blatant misinformation.</p><p><blockquote>最后，我不能忘记正在进行的抽水和转储计划<b>AMC院线</b>（纽约证券交易所代码：AMC）。尽管在AMC通过发行大量股票和高息债务自救后，散户投资者能够通过1月份的轧空来宣称胜利，但最近的上涨与轧空无关。相反，它主要基于炒作，在留言板上故意混淆具体的基本数据，以及广泛的，公然的错误信息。</blockquote></p><p> AMC's retail investors would like you to believe that fundamentals don't matter -- but try driving a car without an engine and see how far you get. AMC is dealing with a 19-year decline in industry ticket sales and is seeing some of its film exclusivity evaporate as movie studios lean on streaming. There will be a place for movie theaters, but AMC'saddressable market keeps shrinkingwith each passing year.</p><p><blockquote>AMC的散户投资者希望你相信基本面并不重要，但尝试驾驶一辆没有发动机的汽车，看看你能走多远。AMC正在应对行业票房收入连续19年下降的问题，并且随着电影制片厂依赖流媒体，其部分电影独家经营权正在消失。电影院将会有一席之地，但AMC的潜在市场逐年萎缩。</blockquote></p><p> AMC's retail investors would also have you believe the company is in great shape after raising $2 billion in capital. While it has put bankruptcy rumors in the near-term on the backburner, the 2027 bond price is nowhere near par. Why, you ask? Because bondholders aren't convinced that AMC is going to escape bankruptcy.</p><p><blockquote>AMC的散户投资者还会让您相信该公司在筹集20亿美元资本后状况良好。尽管近期破产传闻已被搁置，但2027年债券价格远未接近面值。你会问，为什么？因为债券持有人不相信AMC会逃脱破产。</blockquote></p><p> I've seen enough pump-and-dump campaigns in my life to recognize them, andAMC checks all the boxes. My suggestion isn't to short AMC. My suggestion is to avoid it completely. All pump-and-dump schemes eventually collapse, and AMC will be no exception.</p><p><blockquote>我一生中见过足够多的泵和转储活动来识别它们，并且AMC检查了所有的框。我的建议是不要做空AMC。我的建议是完全避免。所有的抽水和转储计划最终都会崩溃，AMC也不例外。</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>5 Ultra-Popular Stocks to Avoid Like the Plague in July<blockquote>7月份要像瘟疫一样避开的5只超热门股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Ultra-Popular Stocks to Avoid Like the Plague in July<blockquote>7月份要像瘟疫一样避开的5只超热门股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The motley fool</strong><span class=\"h-time small\">2021-07-06 09:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For the past 15 months, Wall Street and investors have enjoyed a historic bounce-back rally. The benchmark<b>S&amp;P 500</b>has gained more than 90% since hitting its bear-market bottom on March 23, 2020.</p><p><blockquote>在过去的15个月里，华尔街和投资者享受了历史性的反弹。基准<b>标普500</b>自2020年3月23日触及熊市底部以来，已上涨超过90%。</blockquote></p><p> While a number of high-quality and innovative businesses have led this rally, it's also allowed quite a few terrible companies to thrive. It's my suggestion that the following five ultra-popular stocks be avoided like the plague in July.</p><p><blockquote>虽然许多高质量和创新的企业引领了这场反弹，但它也让相当多糟糕的公司蓬勃发展。我建议像七月瘟疫一样避开以下五只超受欢迎的股票。</blockquote></p><p> Coinbase Global</p><p><blockquote>比特币基地全球</blockquote></p><p> First up is cryptocurrency exchange and ecosystem<b>Coinbase Global</b>(NASDAQ:COIN). Coinbase is popular given how quickly its revenue and profits surged in the first quarter as investors piled into the likes of<b>Bitcoin</b>&nbsp;and<b>Ethereum</b>. The problem is there are a trio of catalysts working against the Coinbase brokerage model.</p><p><blockquote>首先是加密货币交易所和生态系统<b>比特币基地全球</b>（纳斯达克：硬币）。Coinbase很受欢迎，因为投资者纷纷涌入Coinbase等公司，其第一季度收入和利润飙升得如此之快<b>比特币</b>和<b>以太币</b>.问题是有三种催化剂对Coinbase经纪模式不利。</blockquote></p><p> To start with, there's nothing that prevents competing exchanges from undercutting Coinbase Global's fees. It might have the verified user advantage at the moment, but don't underestimate the willingness of crypto investors to jump ship to save on transaction fees. We witnessed it among traditional brokerages, and the industry eventually wound up going commission-free.</p><p><blockquote>首先，没有什么可以阻止竞争交易所降低Coinbase Global的费用。目前它可能具有经过验证的用户优势，但不要低估加密货币投资者为节省交易费用而跳槽的意愿。我们在传统券商中目睹了这一点，该行业最终实现了免佣金。</blockquote></p><p> Second,crypto has a history of boom-and-bust cycles. Bitcoin has had three separate instances over the last decade where it's shed at least 80% of its value. This is an entirely momentum-based investment, and when upside momentum dries up, so does Coinbase's trading revenue. Following a 2017 peak, Coinbase saw its revenue nearly halve in subsequent years.</p><p><blockquote>其次，加密货币有繁荣和萧条周期的历史。在过去十年中，比特币曾发生过三起独立的事件，其价值至少缩水80%。这是一项完全基于动量的投资，当上行动力枯竭时，Coinbase的交易收入也会枯竭。继2017年达到峰值后，Coinbase的收入在随后几年几乎减半。</blockquote></p><p> And third, the past four weeks, through June 28, saw outflows from crypto of $257.3 million, according to CoinShares Digital Asset Fund Flows Weekly. This is more evidence that interest in crypto is already dwindling with these assets well off their highs. Suffice it to say, Coinbase isnot a stock you're going to want to ownmoving forward.</p><p><blockquote>第三，根据CoinShares数字资产基金流量周刊的数据，截至6月28日的过去四周内，加密货币资金流出量为2.573亿美元。这进一步证明，随着这些资产远低于高点，人们对加密货币的兴趣已经在下降。可以说，Coinbase并不是一只您未来想要拥有的股票。</blockquote></p><p> Cassava Sciences</p><p><blockquote>木薯科学</blockquote></p><p> Another ultra-popular company with a terrible risk-versus-reward ratio is clinical-stagebiotech stock<b>Cassava Sciences</b>(NASDAQ:SAVA).</p><p><blockquote>另一家风险回报比糟糕的超受欢迎公司是临床阶段的生物技术股票<b>木薯科学</b>（纳斯达克：萨瓦）。</blockquote></p><p> Cassava rightly made waves in February when it announced positive clinical data from an interim analysis of simufilam as a treatment for Alzheimer's disease. The open-label trial showed improvement in cognition and behavior at the six-month mark, and more recently allowed Cassava to outline its plans for a phase 3 trial involving its lead drug candidate.</p><p><blockquote>Cassava在2月份宣布了simufilam治疗阿尔茨海默病的中期分析的积极临床数据，这理所当然地引起了轰动。这项开放标签试验显示，在六个月时认知和行为有所改善，最近允许Cassava概述其涉及其主要候选药物的3期试验计划。</blockquote></p><p> I'd love for simufilam to be successful, but history has shown that Alzheimer's is <a href=\"https://laohu8.com/S/AONE\">one</a> of the toughest-to-treat diseases. With the exception of<b>Biogen</b>'s Aduhelm, which was approved by the Food and Drug Administration (FDA) but has been criticized heavily for its lack of clear benefit, every Alzheimer's drughas failed in late-stage studies for more than a decade. All investors have to go on is early stage, open-label data from a trial that aimed to enroll 100 patients. It's not been uncommon to see positive early or-mid-stage results get pulverized come a large phase 3 Alzheimer's trial.</p><p><blockquote>我希望simufilam能够成功，但历史表明阿尔茨海默氏症是<a href=\"https://laohu8.com/S/AONE\">一</a>最难治疗的疾病。除了<b>Biogen</b>Aduhelm获得了美国食品和药物管理局(FDA)的批准，但因缺乏明确的益处而受到严厉批评，十多年来，每种阿尔茨海默病药物都在后期研究中失败。投资者所要做的就是一项旨在招募100名患者的试验的早期开放标签数据。在大型3期阿尔茨海默病试验中，早期或中期的积极结果被粉碎的情况并不罕见。</blockquote></p><p> Although Cassava raised a good amount of cash to continue its research, history suggests that simufilam's chance of success is very slim. That makes Cassava Sciences easily avoidable.</p><p><blockquote>尽管Cassava筹集了大量现金来继续其研究，但历史表明simufilam成功的机会非常渺茫。这使得木薯科学很容易避免。</blockquote></p><p> GameStop</p><p><blockquote>游戏驿站</blockquote></p><p> If you've been following the retail trade movement (i.e. Reddit stocks), whereby retail investors are seeking out heavily short-sold companies and attempting to effect a short squeeze, you probably know video game and accessories retailer<b>GameStop</b>(NYSE:GME).</p><p><blockquote>如果您一直在关注零售贸易运动（即Reddit股票），散户投资者正在寻找大量卖空的公司并试图进行轧空，您可能知道视频游戏和配件零售商<b>游戏驿站</b>（纽约证券交易所代码：GME）。</blockquote></p><p> On <a href=\"https://laohu8.com/S/AONE.U\">one</a> hand, GameStop has been able to capitalize on its recent fame byselling stock to raise capitalfor its ongoing transformation to a digital gaming company. It's a much-needed move after e-commerce sales jumped 191% in fiscal 2020 and more than quadrupled during the holiday season, from the prior-year period.</p><p><blockquote>在<a href=\"https://laohu8.com/S/AONE.U\">一</a>另一方面，游戏驿站能够利用其最近的名气，通过出售股票为其正在进行的向数字游戏公司的转型筹集资金。这是一项急需的举措，此前电子商务销售额在2020财年增长了191%，在假期期间比去年同期增长了四倍多。</blockquote></p><p> However, these capital raises don't overlook the fact that theprevious management team failed the company. For two decades, a brick-and-mortar gaming model worked well. However, sticking to this brick-and-mortar model when gaming was going digital left the company in a precarious position. Today, GameStop continues to lose money, even with rapid e-commerce growth, and saw its same-store sales decline by almost 10% last year. Digital sales may be growing, but total revenue is going nowhere as GameStop shutters its physical locations to lower costs.</p><p><blockquote>然而，这些融资并没有忽视前任管理团队让公司失望的事实。二十年来，实体游戏模式运行良好。然而，当游戏走向数字化时，坚持这种实体模式会让公司陷入不稳定的境地。如今，即使电子商务快速增长，游戏驿站仍在继续亏损，去年同店销售额下降了近10%。数字销售可能在增长，但随着游戏驿站关闭其实体店以降低成本，总收入将无处可去。</blockquote></p><p> GameStop is in no way a bankruptcy candidate, and I can actually see a path to profitability years down the road. But with that being said, the gains it's seen make no sense given the long transformation and operating losses that lie ahead.</p><p><blockquote>游戏驿站绝不是破产的候选者，我实际上可以看到几年后实现盈利的道路。但话虽如此，考虑到未来漫长的转型和运营亏损，所看到的收益毫无意义。</blockquote></p><p> Inovio Pharmaceuticals</p><p><blockquote>Inovio制药公司</blockquote></p><p> Biotech stocks can offer ample opportunity, or in<b>Inovio Pharmaceuticals</b>'(NASDAQ:INO)case, suck the lifeblood out of long-term investors.</p><p><blockquote>生物科技股可以提供充足的机会，或者<b>Inovio制药公司</b>（纳斯达克：INO）案例，吸走长期投资者的命脉。</blockquote></p><p></p><p> Inovio would appear to be an intriguing company based solely on paper. It has a pipeline that currently includes over a dozen clinical candidates to treat cancer, infectious diseases, and human papilloma virus. The most-promising looks to be INO-4800, the company's coronavirus disease 2019 (COVID-19) vaccine candidate that's readying for phase 3 studies. But if you do any digging into Inovio's clinical performance, you'll be sorely disappointed.</p><p><blockquote>Inovio似乎是一家仅基于纸张的有趣公司。它的产品线目前包括十几种治疗癌症、传染病和人乳头瘤病毒的临床候选药物。最有前途的看起来是INO-4800，这是该公司的冠状病毒病2019（COVID-19）候选疫苗，已准备好进行3期研究。但如果你深入研究Inovio的临床表现，你会非常失望。</blockquote></p><p> For example, INO-4800had been placed on partial clinical holdin the U.S. while regulators requested additional data on Inovio's vaccine and its delivery system, Cellectra. More recently, INO-4800 had its late-stage funding pulled by the U.S. government, which is why it's now seeking an international study for its COVID-19 candidate.</p><p><blockquote>例如，INO-4800在美国已被部分临床搁置，而监管机构要求提供有关Inovio疫苗及其输送系统Cellectra的更多数据。最近，INO-4800的后期资金被美国政府取消，这就是为什么它现在正在为其COVID-19候选药物寻求国际研究。</blockquote></p><p> If you think I'm unfairly picking on Inovio for its COVID-19 struggles, pan out even further. In four decades, Inoviohasn't managed to get a drug approved by the FDA. This isn't me wishing bad things on Inovio -- this is the reality that hope and results haven't aligned with this company for a long time. Until Inovio proves itself in a late-stage clinical trial, it's worth avoiding.</p><p><blockquote>如果你认为我不公平地指责Inovio在新冠肺炎的挣扎，那就更进一步吧。四十年来，Inovio一直未能获得FDA批准的药物。这并不是我希望Inovio发生不好的事情——这是现实，希望和结果很长一段时间都没有与这家公司保持一致。在Inovio在后期临床试验中证明自己之前，值得避免使用。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> Finally, I can't forgetongoing pump-and-dump scheme<b>AMC Entertainment</b>(NYSE:AMC). While retail investors were able to claim victory by effecting a short squeeze in January after AMC saved itself by issuing a bunch of shares and high-interest debt, the most recent run-up has nothing to do with a short squeeze. Rather, it's based predominantly on hype, the purposeful obfuscation of concrete fundamental data on message boards, and broad-based, blatant misinformation.</p><p><blockquote>最后，我不能忘记正在进行的抽水和转储计划<b>AMC院线</b>（纽约证券交易所代码：AMC）。尽管在AMC通过发行大量股票和高息债务自救后，散户投资者能够通过1月份的轧空来宣称胜利，但最近的上涨与轧空无关。相反，它主要基于炒作，在留言板上故意混淆具体的基本数据，以及广泛的，公然的错误信息。</blockquote></p><p> AMC's retail investors would like you to believe that fundamentals don't matter -- but try driving a car without an engine and see how far you get. AMC is dealing with a 19-year decline in industry ticket sales and is seeing some of its film exclusivity evaporate as movie studios lean on streaming. There will be a place for movie theaters, but AMC'saddressable market keeps shrinkingwith each passing year.</p><p><blockquote>AMC的散户投资者希望你相信基本面并不重要，但尝试驾驶一辆没有发动机的汽车，看看你能走多远。AMC正在应对行业票房收入连续19年下降的问题，并且随着电影制片厂依赖流媒体，其部分电影独家经营权正在消失。电影院将会有一席之地，但AMC的潜在市场逐年萎缩。</blockquote></p><p> AMC's retail investors would also have you believe the company is in great shape after raising $2 billion in capital. While it has put bankruptcy rumors in the near-term on the backburner, the 2027 bond price is nowhere near par. Why, you ask? Because bondholders aren't convinced that AMC is going to escape bankruptcy.</p><p><blockquote>AMC的散户投资者还会让您相信该公司在筹集20亿美元资本后状况良好。尽管近期破产传闻已被搁置，但2027年债券价格远未接近面值。你会问，为什么？因为债券持有人不相信AMC会逃脱破产。</blockquote></p><p> I've seen enough pump-and-dump campaigns in my life to recognize them, andAMC checks all the boxes. My suggestion isn't to short AMC. My suggestion is to avoid it completely. All pump-and-dump schemes eventually collapse, and AMC will be no exception.</p><p><blockquote>我一生中见过足够多的泵和转储活动来识别它们，并且AMC检查了所有的框。我的建议是不要做空AMC。我的建议是完全避免。所有的抽水和转储计划最终都会崩溃，AMC也不例外。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/05/5-ultra-popular-stocks-avoid-like-plague-in-july/\">The motley fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GME":"游戏驿站","INO":"伊诺维奥制药","AMC":"AMC院线","SAVA":"Cassava Sciences Inc"},"source_url":"https://www.fool.com/investing/2021/07/05/5-ultra-popular-stocks-avoid-like-plague-in-july/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164348327","content_text":"For the past 15 months, Wall Street and investors have enjoyed a historic bounce-back rally. The benchmarkS&P 500has gained more than 90% since hitting its bear-market bottom on March 23, 2020.\nWhile a number of high-quality and innovative businesses have led this rally, it's also allowed quite a few terrible companies to thrive. It's my suggestion that the following five ultra-popular stocks be avoided like the plague in July.\nCoinbase Global\nFirst up is cryptocurrency exchange and ecosystemCoinbase Global(NASDAQ:COIN). Coinbase is popular given how quickly its revenue and profits surged in the first quarter as investors piled into the likes ofBitcoin andEthereum. The problem is there are a trio of catalysts working against the Coinbase brokerage model.\nTo start with, there's nothing that prevents competing exchanges from undercutting Coinbase Global's fees. It might have the verified user advantage at the moment, but don't underestimate the willingness of crypto investors to jump ship to save on transaction fees. We witnessed it among traditional brokerages, and the industry eventually wound up going commission-free.\nSecond,crypto has a history of boom-and-bust cycles. Bitcoin has had three separate instances over the last decade where it's shed at least 80% of its value. This is an entirely momentum-based investment, and when upside momentum dries up, so does Coinbase's trading revenue. Following a 2017 peak, Coinbase saw its revenue nearly halve in subsequent years.\nAnd third, the past four weeks, through June 28, saw outflows from crypto of $257.3 million, according to CoinShares Digital Asset Fund Flows Weekly. This is more evidence that interest in crypto is already dwindling with these assets well off their highs. Suffice it to say, Coinbase isnot a stock you're going to want to ownmoving forward.\nCassava Sciences\nAnother ultra-popular company with a terrible risk-versus-reward ratio is clinical-stagebiotech stockCassava Sciences(NASDAQ:SAVA).\nCassava rightly made waves in February when it announced positive clinical data from an interim analysis of simufilam as a treatment for Alzheimer's disease. The open-label trial showed improvement in cognition and behavior at the six-month mark, and more recently allowed Cassava to outline its plans for a phase 3 trial involving its lead drug candidate.\nI'd love for simufilam to be successful, but history has shown that Alzheimer's is one of the toughest-to-treat diseases. With the exception ofBiogen's Aduhelm, which was approved by the Food and Drug Administration (FDA) but has been criticized heavily for its lack of clear benefit, every Alzheimer's drughas failed in late-stage studies for more than a decade. All investors have to go on is early stage, open-label data from a trial that aimed to enroll 100 patients. It's not been uncommon to see positive early or-mid-stage results get pulverized come a large phase 3 Alzheimer's trial.\nAlthough Cassava raised a good amount of cash to continue its research, history suggests that simufilam's chance of success is very slim. That makes Cassava Sciences easily avoidable.\nGameStop\nIf you've been following the retail trade movement (i.e. Reddit stocks), whereby retail investors are seeking out heavily short-sold companies and attempting to effect a short squeeze, you probably know video game and accessories retailerGameStop(NYSE:GME).\nOn one hand, GameStop has been able to capitalize on its recent fame byselling stock to raise capitalfor its ongoing transformation to a digital gaming company. It's a much-needed move after e-commerce sales jumped 191% in fiscal 2020 and more than quadrupled during the holiday season, from the prior-year period.\nHowever, these capital raises don't overlook the fact that theprevious management team failed the company. For two decades, a brick-and-mortar gaming model worked well. However, sticking to this brick-and-mortar model when gaming was going digital left the company in a precarious position. Today, GameStop continues to lose money, even with rapid e-commerce growth, and saw its same-store sales decline by almost 10% last year. Digital sales may be growing, but total revenue is going nowhere as GameStop shutters its physical locations to lower costs.\nGameStop is in no way a bankruptcy candidate, and I can actually see a path to profitability years down the road. But with that being said, the gains it's seen make no sense given the long transformation and operating losses that lie ahead.\nInovio Pharmaceuticals\nBiotech stocks can offer ample opportunity, or inInovio Pharmaceuticals'(NASDAQ:INO)case, suck the lifeblood out of long-term investors.\nInovio would appear to be an intriguing company based solely on paper. It has a pipeline that currently includes over a dozen clinical candidates to treat cancer, infectious diseases, and human papilloma virus. The most-promising looks to be INO-4800, the company's coronavirus disease 2019 (COVID-19) vaccine candidate that's readying for phase 3 studies. But if you do any digging into Inovio's clinical performance, you'll be sorely disappointed.\nFor example, INO-4800had been placed on partial clinical holdin the U.S. while regulators requested additional data on Inovio's vaccine and its delivery system, Cellectra. More recently, INO-4800 had its late-stage funding pulled by the U.S. government, which is why it's now seeking an international study for its COVID-19 candidate.\nIf you think I'm unfairly picking on Inovio for its COVID-19 struggles, pan out even further. In four decades, Inoviohasn't managed to get a drug approved by the FDA. This isn't me wishing bad things on Inovio -- this is the reality that hope and results haven't aligned with this company for a long time. Until Inovio proves itself in a late-stage clinical trial, it's worth avoiding.\nAMC Entertainment\nFinally, I can't forgetongoing pump-and-dump schemeAMC Entertainment(NYSE:AMC). While retail investors were able to claim victory by effecting a short squeeze in January after AMC saved itself by issuing a bunch of shares and high-interest debt, the most recent run-up has nothing to do with a short squeeze. Rather, it's based predominantly on hype, the purposeful obfuscation of concrete fundamental data on message boards, and broad-based, blatant misinformation.\nAMC's retail investors would like you to believe that fundamentals don't matter -- but try driving a car without an engine and see how far you get. AMC is dealing with a 19-year decline in industry ticket sales and is seeing some of its film exclusivity evaporate as movie studios lean on streaming. There will be a place for movie theaters, but AMC'saddressable market keeps shrinkingwith each passing year.\nAMC's retail investors would also have you believe the company is in great shape after raising $2 billion in capital. While it has put bankruptcy rumors in the near-term on the backburner, the 2027 bond price is nowhere near par. Why, you ask? Because bondholders aren't convinced that AMC is going to escape bankruptcy.\nI've seen enough pump-and-dump campaigns in my life to recognize them, andAMC checks all the boxes. My suggestion isn't to short AMC. My suggestion is to avoid it completely. All pump-and-dump schemes eventually collapse, and AMC will be no exception.","news_type":1,"symbols_score_info":{"GME":0.9,"SAVA":0.9,"COIN":0.9,"AMC":0.9,"INO":0.9}},"isVote":1,"tweetType":1,"viewCount":1953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151646830,"gmtCreate":1625091247120,"gmtModify":1633945030516,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Gooo like n comment","listText":"Gooo like n comment","text":"Gooo like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/151646830","repostId":"1134150963","repostType":4,"repost":{"id":"1134150963","kind":"news","pubTimestamp":1625064184,"share":"https://www.laohu8.com/m/news/1134150963?lang=zh_CN&edition=full","pubTime":"2021-06-30 22:43","market":"us","language":"en","title":"fuboTV: Very Attractive Investment, Here's Why<blockquote>fuboTV：非常有吸引力的投资，原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134150963","media":"seekingalpha","summary":"Summary\n\nfuboTV is better than it appears on the surface.\nAll the good and bad points addressed.\nWhy","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>fuboTV is better than it appears on the surface.</li>  <li>All the good and bad points addressed.</li>  <li>Why this stock is worthwhile buying at $5 billion market cap.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7f2563184ea9ee46114542c54910c35\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>mikkelwilliam/E+ via Getty Images</span></p><p><blockquote><ul><li>富波电视比表面上看起来要好。</li><li>所有的优点和缺点都解决了。</li><li>为什么这只股票值得以50亿美元的市值购买。</li></ul><p class=\"t-img-caption\"><span>mikkelwilliam/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> As I noted to my Marketplace&nbsp;members, fuboTV (FUBO) is a highly misunderstood company. It's much more than an unprofitable streaming platform. It's an all-encompassing data, streaming, advertising, and betting company.</p><p><blockquote>正如我向我的市场成员指出的那样，fuboTV(FUBO)是一家被高度误解的公司。它不仅仅是一个无利可图的流媒体平台。这是一家包罗万象的数据、流媒体、广告和博彩公司。</blockquote></p><p> There's a lot of bad news thrown at fuboTV by those that are intent on misunderstanding the opportunity. Stay with me, as I attempt to, in a balanced manner, note the good and the bad about fuboTV.</p><p><blockquote>那些故意误解这个机会的人向fuboTV抛出了很多坏消息。请和我呆在一起，因为我试图以一种平衡的方式，注意富波电视的好与坏。</blockquote></p><p> <b>What's fuboTV?</b></p><p><blockquote><b>富波电视是什么？</b></blockquote></p><p> fuboTV is a 6-year-old company. It's a streaming platform at its core. But it also has some interesting side units being deployed. What attracts subscribers to its platform in the first instance is its streaming for live sports events.</p><p><blockquote>富波电视是一家成立6年的公司。它的核心是一个流媒体平台。但它也部署了一些有趣的辅助单元。首先吸引订户到其平台的是它的体育赛事直播。</blockquote></p><p> However, this side of the business will realistically never be profitable. For the foreseeable future, fuboTV has to acquire the rights from ESPN (DIS) and Comcast (CMCSA).</p><p><blockquote>然而，这方面的业务实际上永远不会盈利。在可预见的未来，fuboTV必须从ESPN(DIS)和康卡斯特(CMCSA)手中收购转播权。</blockquote></p><p> Simply said, the rights to acquire the sporting content are so high, as obviously ESPN and others don't want to lose any unit economics by having subscribers fleeing away from their own platform. So the price for the content is prohibitively high.</p><p><blockquote>简而言之，获取体育内容的权利如此之高，因为显然ESPN和其他人不想因为订户逃离他们自己的平台而失去任何单位经济效益。所以内容的价格高得令人望而却步。</blockquote></p><p> So what everyone has come to understand is that fuboTV's streaming business will never be meaningfully profitable,<i>and that's as far as everyone is willing to look.</i></p><p><blockquote>所以大家逐渐明白的是fuboTV的流媒体业务永远不会有意义地盈利，<i>这是每个人都愿意看的范围。</i></blockquote></p><p> What investors are failing to understand is that fuboTV's streaming operation<i>is a customer acquisition strategy</i>. It offers high-resolution live sporting streaming so that it can not<i>only benefit from the ''cord-cutting''</i>tailwinds as households churn out of pay-TV services but can also show subscribers ads.</p><p><blockquote>投资者不明白的是fuboTV的流媒体业务<i>是一种客户获取策略</i>.它提供高分辨率的体育直播，因此它不能<i>只受益于“剪断脐带”</i>随着家庭大量退出付费电视服务，但也可以向订户展示广告，这一趋势得到了推动。</blockquote></p><p> This side of the operation,<i>the data-driven advertising segment</i>, is the segment that will in time drive fuboTV's profitability. I'm referring to the programmatic advertising platform. This is incredibly profitable compared with direct ad spend.</p><p><blockquote>操作的这一边，<i>数据驱动的广告细分市场</i>，是最终将推动fuboTV盈利能力的细分市场。我指的是程序化广告平台。与直接广告支出相比，这是令人难以置信的利润。</blockquote></p><p> So many investors miss that. And those that do vaguely understand its advertising segment, and how it compares with Roku (ROKU), go on to proclaim that this is only 12% of the business and that it won't ever be a needle-moving segment for fuboTV.</p><p><blockquote>很多投资者都忽略了这一点。那些模糊了解其广告部门以及它与Roku（Roku）相比如何的人继续宣称，这仅占业务的12%，并且永远不会成为fuboTV的重要部门。</blockquote></p><p> Again, this misses the fact that fuboTV's advertising segment is growing at such a rapid clip. During its most recent quarter, fuboTV's advertising segment was up 206% y/y. Even as fuboTV dramatically decelerates over time, I suspect that by the end of Q4 2021 (six months), fuboTV's advertising segment will account for about 15% of its business.</p><p><blockquote>这再次忽略了fuboTV的广告业务增长如此之快的事实。在最近一个季度，fuboTV的广告部门同比增长206%。尽管fuboTV随着时间的推移而大幅减速，但我怀疑到2021年第四季度末（六个月），fuboTV的广告部门将占其业务的15%左右。</blockquote></p><p> What's more, it's entirely possible that by this time next Summer, fuboTV's advertising segment will account for approximately 20% of fuboTV. At which point, investors will start to give fuboTV's advertising opportunity slightly weightier considerations.</p><p><blockquote>更重要的是，完全有可能到明年夏天的这个时候，fuboTV的广告部分将占fuboTV的20%左右。届时，投资者将开始对fuboTV的广告机会给予稍微更重要的考虑。</blockquote></p><p> I believe that if this is all there was to fuboTV, the stock right now at $4 billion would probably be fairly valued. But then, we have another opportunity that I've called the wildcard. More on this later.</p><p><blockquote>我相信，如果fuboTV仅此而已，那么目前40亿美元的股票估值可能是合理的。但是，我们还有另一个机会，我称之为通配符。稍后会详细介绍。</blockquote></p><p> Revenue Growth Rates Continue to Impress</p><p><blockquote>收入增长率继续令人印象深刻</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22b839502a218aa047bf4cc6ec6ecd80\" tg-width=\"441\" tg-height=\"480\"><span>Source: Q1 2021ShareholderLetter</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：2021年第一季度股东信</span></p></blockquote></p><p> As you can see above, fuboTV is growing at a very strong clip. It's difficult at this stage to know what 2022 will look like, but given fuboTV's trajectory of beating estimates, I suspect that the company will grow next year by at least 60% y/y to at least $860 million.</p><p><blockquote>正如您在上面看到的，fuboTV正在以非常强劲的速度增长。现阶段很难知道2022年会是什么样子，但鉴于fuboTV超出预期的轨迹，我怀疑该公司明年将同比增长至少60%，达到至少8.6亿美元。</blockquote></p><p> For fuboTV to grow at 60%, that would imply quite a substantial slowdown from the 101% revenue growth rates aimed at in 2021. However, given that fuboTV's betting segment will start in earnest in 2022, I contend that growing at 60% y/y in 2022 will turn out to be an easy feat for fuboTV.</p><p><blockquote>对于fuboTV来说，增长60%意味着比2021年101%的收入增长率目标大幅放缓。然而，鉴于fuboTV的博彩业务将于2022年正式启动，我认为对于fuboTV来说，2022年同比增长60%将是一项轻而易举的壮举。</blockquote></p><p> <b>The Wildcard Discussed</b></p><p><blockquote><b>讨论的通配符</b></blockquote></p><p> In Q4 2021, in approximately 4 months' time, fuboTV is going to soft launch its Sportsbook. This is the start of its betting segment. And this is what I believe could drive the stock's upside potential.</p><p><blockquote>2021年第四季度，大约4个月后，fuboTV将试运行其体育博彩。这是其博彩部分的开始。我认为这可能会推动该股的上涨潜力。</blockquote></p><p> So far, the details are sketchy. The idea is that when sporting fans are watching their favorite team, rather than having to go elsewhere to bet on the result, they could do it seamlessly via fuboTV.</p><p><blockquote>到目前为止，细节还很粗略。这个想法是，当体育迷观看他们最喜欢的球队时，他们可以通过fuboTV无缝地进行，而不必去其他地方对结果下注。</blockquote></p><p> I know from experience that this already happens in the UK via adverts in the interval of key TV games, but this way, there's the potential for fuboTV to leverage the data they have on the viewer, and their preferences, to drive further monetizations and engagement.</p><p><blockquote>我从经验中知道，这种情况已经在英国通过关键电视游戏间隙的广告发生，但通过这种方式，fuboTV有可能利用他们拥有的观众数据及其偏好来推动进一步的货币化和参与度。</blockquote></p><p></p><p> If you think about it, viewers watching their favorite team are more likely to bet if it is something that is<i>compelling to them</i>. And that's the advantage of having 1st-party data on the viewer. fuboTV will know what the viewers' preferences are and this will drive down user churn.</p><p><blockquote>如果你仔细想想，观看他们最喜欢的球队的观众更有可能下注，如果它是<i>对他们有吸引力</i>.这就是在查看器上拥有第一方数据的优势。fuboTV将知道观众的偏好，这将降低用户流失率。</blockquote></p><p> Again, this all circles back to having data on the viewer. During aninterviewyesterday, CEO David Gandler discusses a way of bringing down user friction. That fuboTV wants to find a way to deliver highly personalized betting odds about what the viewer is watching on fuboTV in real-time to viewers' phones. They haven't quite figured out how to optimize their app, but the team is working on this right now.</p><p><blockquote>同样，这又回到了查看器上的数据。在昨天的一次采访中，首席执行官大卫·甘德勒讨论了一种减少用户摩擦的方法。fuboTV希望找到一种方法，将观众在fuboTV上观看的内容实时传递到观众的手机上。他们还没有完全弄清楚如何优化他们的应用程序，但团队现在正在努力。</blockquote></p><p> <b>Valuation - Very Attractively Priced</b></p><p><blockquote><b>估值——价格非常有吸引力</b></blockquote></p><p> On the surface, the stock is cheap at approximately 5x its 2022 revenues. But as you know, fuboTV's profitability margins are dismal. There's nobody out there that doesn't already know this.</p><p><blockquote>从表面上看，该股价格便宜，约为2022年收入的5倍。但如你所知，fuboTV的利润率令人沮丧。没有人不知道这一点。</blockquote></p><p> Presently, the bulk of the company's business is its subscription business. This subscription business accounts for about 85% of the business right now, and this is unprofitable. fuboTV aims to get this side of the business to break even. This is similar to Roku's (ROKU) hardware business in the early stages.</p><p><blockquote>目前，该公司的大部分业务是订阅业务。这项订阅业务目前约占业务的85%，而且这是无利可图的。fuboTV的目标是让这方面的业务实现收支平衡。这与Roku（Roku）早期的硬件业务类似。</blockquote></p><p> Then, the opportunity will be to leverage their huge subscriber base to grow their data-driven advertising metrics. During the call yesterday, Gandler once again reiterated that advertising is likely to perform strongly in Q2 through Q4.</p><p><blockquote>然后，机会将是利用他们庞大的用户群来增长他们的数据驱动广告指标。在昨天的看涨期权中，甘德勒再次重申，广告在第二季度到第四季度可能会表现强劲。</blockquote></p><p> Last year, Roku's advertising segment gross margins hovered around56% to 60%, although this latest quarter, Q1 2021, it soared to 70% gross margins. This gives investors some idea as to what fuboTV may also strive to. Obviously, Roku is a much bigger business than fuboTV, but it's something that fuboTV could migrate towards in time.</p><p><blockquote>去年，Roku广告部门的毛利率徘徊在56%至60%左右，尽管最近一个季度，即2021年第一季度，毛利率飙升至70%。这让投资者对fuboTV也可能努力实现的目标有所了解。显然，Roku是一个比fuboTV大得多的业务，但这是fuboTV可以及时迁移的业务。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> After you've read this article, I would like to believe that you have a more nuanced interpretation of what fuboTV is today and where it's headed over the coming twelve months.</p><p><blockquote>读完这篇文章后，我相信你对fuboTV今天是什么以及它在未来12个月的发展方向有了更细致的理解。</blockquote></p><p> When you think about fuboTV, I would like you to think about its ability to harness its first-party data. With this, you can obviously level advertising and drive profitability, but I suspect that you'll be able to drive some level of betting too.</p><p><blockquote>当您考虑fuboTV时，我希望您考虑一下它利用第一方数据的能力。有了这个，你显然可以提高广告水平并提高盈利能力，但我怀疑你也可以提高一定程度的投注。</blockquote></p><p> I will not deny that this journey has been a challenging one and that this investment has not been for those faint-hearted. Happy investing!</p><p><blockquote>我不否认这是一个充满挑战的旅程，这项投资不适合那些胆小的人。投资愉快！</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>fuboTV: Very Attractive Investment, Here's Why<blockquote>fuboTV：非常有吸引力的投资，原因如下</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\">\nfuboTV: Very Attractive Investment, Here's Why<blockquote>fuboTV：非常有吸引力的投资，原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-30 22:43</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>fuboTV is better than it appears on the surface.</li>  <li>All the good and bad points addressed.</li>  <li>Why this stock is worthwhile buying at $5 billion market cap.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7f2563184ea9ee46114542c54910c35\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>mikkelwilliam/E+ via Getty Images</span></p><p><blockquote><ul><li>富波电视比表面上看起来要好。</li><li>所有的优点和缺点都解决了。</li><li>为什么这只股票值得以50亿美元的市值购买。</li></ul><p class=\"t-img-caption\"><span>mikkelwilliam/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> As I noted to my Marketplace&nbsp;members, fuboTV (FUBO) is a highly misunderstood company. It's much more than an unprofitable streaming platform. It's an all-encompassing data, streaming, advertising, and betting company.</p><p><blockquote>正如我向我的市场成员指出的那样，fuboTV(FUBO)是一家被高度误解的公司。它不仅仅是一个无利可图的流媒体平台。这是一家包罗万象的数据、流媒体、广告和博彩公司。</blockquote></p><p> There's a lot of bad news thrown at fuboTV by those that are intent on misunderstanding the opportunity. Stay with me, as I attempt to, in a balanced manner, note the good and the bad about fuboTV.</p><p><blockquote>那些故意误解这个机会的人向fuboTV抛出了很多坏消息。请和我呆在一起，因为我试图以一种平衡的方式，注意富波电视的好与坏。</blockquote></p><p> <b>What's fuboTV?</b></p><p><blockquote><b>富波电视是什么？</b></blockquote></p><p> fuboTV is a 6-year-old company. It's a streaming platform at its core. But it also has some interesting side units being deployed. What attracts subscribers to its platform in the first instance is its streaming for live sports events.</p><p><blockquote>富波电视是一家成立6年的公司。它的核心是一个流媒体平台。但它也部署了一些有趣的辅助单元。首先吸引订户到其平台的是它的体育赛事直播。</blockquote></p><p> However, this side of the business will realistically never be profitable. For the foreseeable future, fuboTV has to acquire the rights from ESPN (DIS) and Comcast (CMCSA).</p><p><blockquote>然而，这方面的业务实际上永远不会盈利。在可预见的未来，fuboTV必须从ESPN(DIS)和康卡斯特(CMCSA)手中收购转播权。</blockquote></p><p> Simply said, the rights to acquire the sporting content are so high, as obviously ESPN and others don't want to lose any unit economics by having subscribers fleeing away from their own platform. So the price for the content is prohibitively high.</p><p><blockquote>简而言之，获取体育内容的权利如此之高，因为显然ESPN和其他人不想因为订户逃离他们自己的平台而失去任何单位经济效益。所以内容的价格高得令人望而却步。</blockquote></p><p> So what everyone has come to understand is that fuboTV's streaming business will never be meaningfully profitable,<i>and that's as far as everyone is willing to look.</i></p><p><blockquote>所以大家逐渐明白的是fuboTV的流媒体业务永远不会有意义地盈利，<i>这是每个人都愿意看的范围。</i></blockquote></p><p> What investors are failing to understand is that fuboTV's streaming operation<i>is a customer acquisition strategy</i>. It offers high-resolution live sporting streaming so that it can not<i>only benefit from the ''cord-cutting''</i>tailwinds as households churn out of pay-TV services but can also show subscribers ads.</p><p><blockquote>投资者不明白的是fuboTV的流媒体业务<i>是一种客户获取策略</i>.它提供高分辨率的体育直播，因此它不能<i>只受益于“剪断脐带”</i>随着家庭大量退出付费电视服务，但也可以向订户展示广告，这一趋势得到了推动。</blockquote></p><p> This side of the operation,<i>the data-driven advertising segment</i>, is the segment that will in time drive fuboTV's profitability. I'm referring to the programmatic advertising platform. This is incredibly profitable compared with direct ad spend.</p><p><blockquote>操作的这一边，<i>数据驱动的广告细分市场</i>，是最终将推动fuboTV盈利能力的细分市场。我指的是程序化广告平台。与直接广告支出相比，这是令人难以置信的利润。</blockquote></p><p> So many investors miss that. And those that do vaguely understand its advertising segment, and how it compares with Roku (ROKU), go on to proclaim that this is only 12% of the business and that it won't ever be a needle-moving segment for fuboTV.</p><p><blockquote>很多投资者都忽略了这一点。那些模糊了解其广告部门以及它与Roku（Roku）相比如何的人继续宣称，这仅占业务的12%，并且永远不会成为fuboTV的重要部门。</blockquote></p><p> Again, this misses the fact that fuboTV's advertising segment is growing at such a rapid clip. During its most recent quarter, fuboTV's advertising segment was up 206% y/y. Even as fuboTV dramatically decelerates over time, I suspect that by the end of Q4 2021 (six months), fuboTV's advertising segment will account for about 15% of its business.</p><p><blockquote>这再次忽略了fuboTV的广告业务增长如此之快的事实。在最近一个季度，fuboTV的广告部门同比增长206%。尽管fuboTV随着时间的推移而大幅减速，但我怀疑到2021年第四季度末（六个月），fuboTV的广告部门将占其业务的15%左右。</blockquote></p><p> What's more, it's entirely possible that by this time next Summer, fuboTV's advertising segment will account for approximately 20% of fuboTV. At which point, investors will start to give fuboTV's advertising opportunity slightly weightier considerations.</p><p><blockquote>更重要的是，完全有可能到明年夏天的这个时候，fuboTV的广告部分将占fuboTV的20%左右。届时，投资者将开始对fuboTV的广告机会给予稍微更重要的考虑。</blockquote></p><p> I believe that if this is all there was to fuboTV, the stock right now at $4 billion would probably be fairly valued. But then, we have another opportunity that I've called the wildcard. More on this later.</p><p><blockquote>我相信，如果fuboTV仅此而已，那么目前40亿美元的股票估值可能是合理的。但是，我们还有另一个机会，我称之为通配符。稍后会详细介绍。</blockquote></p><p> Revenue Growth Rates Continue to Impress</p><p><blockquote>收入增长率继续令人印象深刻</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22b839502a218aa047bf4cc6ec6ecd80\" tg-width=\"441\" tg-height=\"480\"><span>Source: Q1 2021ShareholderLetter</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：2021年第一季度股东信</span></p></blockquote></p><p> As you can see above, fuboTV is growing at a very strong clip. It's difficult at this stage to know what 2022 will look like, but given fuboTV's trajectory of beating estimates, I suspect that the company will grow next year by at least 60% y/y to at least $860 million.</p><p><blockquote>正如您在上面看到的，fuboTV正在以非常强劲的速度增长。现阶段很难知道2022年会是什么样子，但鉴于fuboTV超出预期的轨迹，我怀疑该公司明年将同比增长至少60%，达到至少8.6亿美元。</blockquote></p><p> For fuboTV to grow at 60%, that would imply quite a substantial slowdown from the 101% revenue growth rates aimed at in 2021. However, given that fuboTV's betting segment will start in earnest in 2022, I contend that growing at 60% y/y in 2022 will turn out to be an easy feat for fuboTV.</p><p><blockquote>对于fuboTV来说，增长60%意味着比2021年101%的收入增长率目标大幅放缓。然而，鉴于fuboTV的博彩业务将于2022年正式启动，我认为对于fuboTV来说，2022年同比增长60%将是一项轻而易举的壮举。</blockquote></p><p> <b>The Wildcard Discussed</b></p><p><blockquote><b>讨论的通配符</b></blockquote></p><p> In Q4 2021, in approximately 4 months' time, fuboTV is going to soft launch its Sportsbook. This is the start of its betting segment. And this is what I believe could drive the stock's upside potential.</p><p><blockquote>2021年第四季度，大约4个月后，fuboTV将试运行其体育博彩。这是其博彩部分的开始。我认为这可能会推动该股的上涨潜力。</blockquote></p><p> So far, the details are sketchy. The idea is that when sporting fans are watching their favorite team, rather than having to go elsewhere to bet on the result, they could do it seamlessly via fuboTV.</p><p><blockquote>到目前为止，细节还很粗略。这个想法是，当体育迷观看他们最喜欢的球队时，他们可以通过fuboTV无缝地进行，而不必去其他地方对结果下注。</blockquote></p><p> I know from experience that this already happens in the UK via adverts in the interval of key TV games, but this way, there's the potential for fuboTV to leverage the data they have on the viewer, and their preferences, to drive further monetizations and engagement.</p><p><blockquote>我从经验中知道，这种情况已经在英国通过关键电视游戏间隙的广告发生，但通过这种方式，fuboTV有可能利用他们拥有的观众数据及其偏好来推动进一步的货币化和参与度。</blockquote></p><p></p><p> If you think about it, viewers watching their favorite team are more likely to bet if it is something that is<i>compelling to them</i>. And that's the advantage of having 1st-party data on the viewer. fuboTV will know what the viewers' preferences are and this will drive down user churn.</p><p><blockquote>如果你仔细想想，观看他们最喜欢的球队的观众更有可能下注，如果它是<i>对他们有吸引力</i>.这就是在查看器上拥有第一方数据的优势。fuboTV将知道观众的偏好，这将降低用户流失率。</blockquote></p><p> Again, this all circles back to having data on the viewer. During aninterviewyesterday, CEO David Gandler discusses a way of bringing down user friction. That fuboTV wants to find a way to deliver highly personalized betting odds about what the viewer is watching on fuboTV in real-time to viewers' phones. They haven't quite figured out how to optimize their app, but the team is working on this right now.</p><p><blockquote>同样，这又回到了查看器上的数据。在昨天的一次采访中，首席执行官大卫·甘德勒讨论了一种减少用户摩擦的方法。fuboTV希望找到一种方法，将观众在fuboTV上观看的内容实时传递到观众的手机上。他们还没有完全弄清楚如何优化他们的应用程序，但团队现在正在努力。</blockquote></p><p> <b>Valuation - Very Attractively Priced</b></p><p><blockquote><b>估值——价格非常有吸引力</b></blockquote></p><p> On the surface, the stock is cheap at approximately 5x its 2022 revenues. But as you know, fuboTV's profitability margins are dismal. There's nobody out there that doesn't already know this.</p><p><blockquote>从表面上看，该股价格便宜，约为2022年收入的5倍。但如你所知，fuboTV的利润率令人沮丧。没有人不知道这一点。</blockquote></p><p> Presently, the bulk of the company's business is its subscription business. This subscription business accounts for about 85% of the business right now, and this is unprofitable. fuboTV aims to get this side of the business to break even. This is similar to Roku's (ROKU) hardware business in the early stages.</p><p><blockquote>目前，该公司的大部分业务是订阅业务。这项订阅业务目前约占业务的85%，而且这是无利可图的。fuboTV的目标是让这方面的业务实现收支平衡。这与Roku（Roku）早期的硬件业务类似。</blockquote></p><p> Then, the opportunity will be to leverage their huge subscriber base to grow their data-driven advertising metrics. During the call yesterday, Gandler once again reiterated that advertising is likely to perform strongly in Q2 through Q4.</p><p><blockquote>然后，机会将是利用他们庞大的用户群来增长他们的数据驱动广告指标。在昨天的看涨期权中，甘德勒再次重申，广告在第二季度到第四季度可能会表现强劲。</blockquote></p><p> Last year, Roku's advertising segment gross margins hovered around56% to 60%, although this latest quarter, Q1 2021, it soared to 70% gross margins. This gives investors some idea as to what fuboTV may also strive to. Obviously, Roku is a much bigger business than fuboTV, but it's something that fuboTV could migrate towards in time.</p><p><blockquote>去年，Roku广告部门的毛利率徘徊在56%至60%左右，尽管最近一个季度，即2021年第一季度，毛利率飙升至70%。这让投资者对fuboTV也可能努力实现的目标有所了解。显然，Roku是一个比fuboTV大得多的业务，但这是fuboTV可以及时迁移的业务。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> After you've read this article, I would like to believe that you have a more nuanced interpretation of what fuboTV is today and where it's headed over the coming twelve months.</p><p><blockquote>读完这篇文章后，我相信你对fuboTV今天是什么以及它在未来12个月的发展方向有了更细致的理解。</blockquote></p><p> When you think about fuboTV, I would like you to think about its ability to harness its first-party data. With this, you can obviously level advertising and drive profitability, but I suspect that you'll be able to drive some level of betting too.</p><p><blockquote>当您考虑fuboTV时，我希望您考虑一下它利用第一方数据的能力。有了这个，你显然可以提高广告水平并提高盈利能力，但我怀疑你也可以提高一定程度的投注。</blockquote></p><p> I will not deny that this journey has been a challenging one and that this investment has not been for those faint-hearted. Happy investing!</p><p><blockquote>我不否认这是一个充满挑战的旅程，这项投资不适合那些胆小的人。投资愉快！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437237-fubotv-very-attractive-investment-heres-why\">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":{"FUBO":"fuboTV Inc."},"source_url":"https://seekingalpha.com/article/4437237-fubotv-very-attractive-investment-heres-why","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134150963","content_text":"Summary\n\nfuboTV is better than it appears on the surface.\nAll the good and bad points addressed.\nWhy this stock is worthwhile buying at $5 billion market cap.\n\nmikkelwilliam/E+ via Getty Images\nInvestment Thesis\nAs I noted to my Marketplace members, fuboTV (FUBO) is a highly misunderstood company. It's much more than an unprofitable streaming platform. It's an all-encompassing data, streaming, advertising, and betting company.\nThere's a lot of bad news thrown at fuboTV by those that are intent on misunderstanding the opportunity. Stay with me, as I attempt to, in a balanced manner, note the good and the bad about fuboTV.\nWhat's fuboTV?\nfuboTV is a 6-year-old company. It's a streaming platform at its core. But it also has some interesting side units being deployed. What attracts subscribers to its platform in the first instance is its streaming for live sports events.\nHowever, this side of the business will realistically never be profitable. For the foreseeable future, fuboTV has to acquire the rights from ESPN (DIS) and Comcast (CMCSA).\nSimply said, the rights to acquire the sporting content are so high, as obviously ESPN and others don't want to lose any unit economics by having subscribers fleeing away from their own platform. So the price for the content is prohibitively high.\nSo what everyone has come to understand is that fuboTV's streaming business will never be meaningfully profitable,and that's as far as everyone is willing to look.\nWhat investors are failing to understand is that fuboTV's streaming operationis a customer acquisition strategy. It offers high-resolution live sporting streaming so that it can notonly benefit from the ''cord-cutting''tailwinds as households churn out of pay-TV services but can also show subscribers ads.\nThis side of the operation,the data-driven advertising segment, is the segment that will in time drive fuboTV's profitability. I'm referring to the programmatic advertising platform. This is incredibly profitable compared with direct ad spend.\nSo many investors miss that. And those that do vaguely understand its advertising segment, and how it compares with Roku (ROKU), go on to proclaim that this is only 12% of the business and that it won't ever be a needle-moving segment for fuboTV.\nAgain, this misses the fact that fuboTV's advertising segment is growing at such a rapid clip. During its most recent quarter, fuboTV's advertising segment was up 206% y/y. Even as fuboTV dramatically decelerates over time, I suspect that by the end of Q4 2021 (six months), fuboTV's advertising segment will account for about 15% of its business.\nWhat's more, it's entirely possible that by this time next Summer, fuboTV's advertising segment will account for approximately 20% of fuboTV. At which point, investors will start to give fuboTV's advertising opportunity slightly weightier considerations.\nI believe that if this is all there was to fuboTV, the stock right now at $4 billion would probably be fairly valued. But then, we have another opportunity that I've called the wildcard. More on this later.\nRevenue Growth Rates Continue to Impress\nSource: Q1 2021ShareholderLetter\nAs you can see above, fuboTV is growing at a very strong clip. It's difficult at this stage to know what 2022 will look like, but given fuboTV's trajectory of beating estimates, I suspect that the company will grow next year by at least 60% y/y to at least $860 million.\nFor fuboTV to grow at 60%, that would imply quite a substantial slowdown from the 101% revenue growth rates aimed at in 2021. However, given that fuboTV's betting segment will start in earnest in 2022, I contend that growing at 60% y/y in 2022 will turn out to be an easy feat for fuboTV.\nThe Wildcard Discussed\nIn Q4 2021, in approximately 4 months' time, fuboTV is going to soft launch its Sportsbook. This is the start of its betting segment. And this is what I believe could drive the stock's upside potential.\nSo far, the details are sketchy. The idea is that when sporting fans are watching their favorite team, rather than having to go elsewhere to bet on the result, they could do it seamlessly via fuboTV.\nI know from experience that this already happens in the UK via adverts in the interval of key TV games, but this way, there's the potential for fuboTV to leverage the data they have on the viewer, and their preferences, to drive further monetizations and engagement.\nIf you think about it, viewers watching their favorite team are more likely to bet if it is something that iscompelling to them. And that's the advantage of having 1st-party data on the viewer. fuboTV will know what the viewers' preferences are and this will drive down user churn.\nAgain, this all circles back to having data on the viewer. During aninterviewyesterday, CEO David Gandler discusses a way of bringing down user friction. That fuboTV wants to find a way to deliver highly personalized betting odds about what the viewer is watching on fuboTV in real-time to viewers' phones. They haven't quite figured out how to optimize their app, but the team is working on this right now.\nValuation - Very Attractively Priced\nOn the surface, the stock is cheap at approximately 5x its 2022 revenues. But as you know, fuboTV's profitability margins are dismal. There's nobody out there that doesn't already know this.\nPresently, the bulk of the company's business is its subscription business. This subscription business accounts for about 85% of the business right now, and this is unprofitable. fuboTV aims to get this side of the business to break even. This is similar to Roku's (ROKU) hardware business in the early stages.\nThen, the opportunity will be to leverage their huge subscriber base to grow their data-driven advertising metrics. During the call yesterday, Gandler once again reiterated that advertising is likely to perform strongly in Q2 through Q4.\nLast year, Roku's advertising segment gross margins hovered around56% to 60%, although this latest quarter, Q1 2021, it soared to 70% gross margins. This gives investors some idea as to what fuboTV may also strive to. Obviously, Roku is a much bigger business than fuboTV, but it's something that fuboTV could migrate towards in time.\nThe Bottom Line\nAfter you've read this article, I would like to believe that you have a more nuanced interpretation of what fuboTV is today and where it's headed over the coming twelve months.\nWhen you think about fuboTV, I would like you to think about its ability to harness its first-party data. With this, you can obviously level advertising and drive profitability, but I suspect that you'll be able to drive some level of betting too.\nI will not deny that this journey has been a challenging one and that this investment has not been for those faint-hearted. Happy investing!","news_type":1,"symbols_score_info":{"FUBO":0.9}},"isVote":1,"tweetType":1,"viewCount":3154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127808625,"gmtCreate":1624841901367,"gmtModify":1633948171329,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Yoooo","listText":"Yoooo","text":"Yoooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127808625","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":1896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125146502,"gmtCreate":1624665895406,"gmtModify":1633949971660,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Up up &amp; away","listText":"Up up &amp; away","text":"Up up & away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125146502","repostId":"2146036420","repostType":4,"isVote":1,"tweetType":1,"viewCount":3385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122863762,"gmtCreate":1624611168156,"gmtModify":1633950556758,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Whoohoo","listText":"Whoohoo","text":"Whoohoo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122863762","repostId":"1109009652","repostType":4,"repost":{"id":"1109009652","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":1624610253,"share":"https://www.laohu8.com/m/news/1109009652?lang=zh_CN&edition=full","pubTime":"2021-06-25 16:37","market":"us","language":"en","title":"Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109009652","media":"Tiger Newspress","summary":"(June 25) Most of Chinese stocks rose in premarket trading.\n\nChinese education stocks rose again in ","content":"<p>(June 25)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>（6月25日）中概股盘前交易多数上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3962135ab024104866f387b01bd1125f\" tg-width=\"305\" tg-height=\"640\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Chinese&nbsp;education&nbsp;stocks&nbsp;rose&nbsp;again&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>中国教育股在盘前交易中再次上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4bbb2e8cd94abb6b5b8f0215bebc6b7f\" tg-width=\"300\" tg-height=\"245\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> EV&nbsp;stocks&nbsp;gained&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/86c865b6c76a3fb3190778b90ea6deaf\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"></p><p><blockquote>电动汽车股票在盘前交易中上涨。</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\">\nMost of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</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\">2021-06-25 16:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 25)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>（6月25日）中概股盘前交易多数上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3962135ab024104866f387b01bd1125f\" tg-width=\"305\" tg-height=\"640\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Chinese&nbsp;education&nbsp;stocks&nbsp;rose&nbsp;again&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>中国教育股在盘前交易中再次上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4bbb2e8cd94abb6b5b8f0215bebc6b7f\" tg-width=\"300\" tg-height=\"245\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> EV&nbsp;stocks&nbsp;gained&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/86c865b6c76a3fb3190778b90ea6deaf\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"></p><p><blockquote>电动汽车股票在盘前交易中上涨。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109009652","content_text":"(June 25) Most of Chinese stocks rose in premarket trading.\n\nChinese education stocks rose again in premarket trading.\n\nEV stocks gained in premarket trading.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120118363,"gmtCreate":1624314264252,"gmtModify":1634008096636,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Whoohoo roasted?&nbsp;","listText":"Whoohoo roasted?&nbsp;","text":"Whoohoo roasted?","images":[{"img":"https://static.tigerbbs.com/2db5300152b49c6f93591065f6b70ac9","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120118363","isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":184415065,"gmtCreate":1623721462757,"gmtModify":1634029592495,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Up up up","listText":"Up up up","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/184415065","repostId":"1131396369","repostType":4,"isVote":1,"tweetType":1,"viewCount":2363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185128844,"gmtCreate":1623637546888,"gmtModify":1634030839305,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Nice!&nbsp; Pls like n comment","listText":"Nice!&nbsp; Pls like n comment","text":"Nice! Pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/185128844","repostId":"2142204074","repostType":4,"isVote":1,"tweetType":1,"viewCount":695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189765617,"gmtCreate":1623289659839,"gmtModify":1634034923505,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/189765617","repostId":"1109600367","repostType":4,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189762767,"gmtCreate":1623289633659,"gmtModify":1634034923748,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"That's great&nbsp;","listText":"That's great&nbsp;","text":"That's great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189762767","repostId":"2142245986","repostType":4,"isVote":1,"tweetType":1,"viewCount":726,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180498073,"gmtCreate":1623217410592,"gmtModify":1634035682204,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"That's great&nbsp;","listText":"That's great&nbsp;","text":"That's great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/180498073","repostId":"2142185293","repostType":4,"isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115532762,"gmtCreate":1623022106456,"gmtModify":1634096259926,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Lastest pls like n comment&nbsp;","listText":"Lastest pls like n comment&nbsp;","text":"Lastest pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/115532762","repostId":"1156802172","repostType":4,"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115035140,"gmtCreate":1622940209480,"gmtModify":1634096837195,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Wow!!&nbsp; Pls like n comment","listText":"Wow!!&nbsp; Pls like n comment","text":"Wow!! Pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/115035140","repostId":"1162722289","repostType":4,"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116303757,"gmtCreate":1622772352879,"gmtModify":1634098161350,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Droooop more..&nbsp; Haha pls like n comment","listText":"Droooop more..&nbsp; Haha pls like n comment","text":"Droooop more.. Haha pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/116303757","repostId":"1110094207","repostType":4,"isVote":1,"tweetType":1,"viewCount":876,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111226302,"gmtCreate":1622683299606,"gmtModify":1634099200341,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Solid pls like n comment","listText":"Solid pls like n comment","text":"Solid pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/111226302","repostId":"1115876867","repostType":4,"isVote":1,"tweetType":1,"viewCount":931,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113817215,"gmtCreate":1622602858937,"gmtModify":1634100018001,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583491361400942","idStr":"3583491361400942"},"themes":[],"htmlText":"Solid,&nbsp; like n comment thanks","listText":"Solid,&nbsp; like n comment thanks","text":"Solid, like n comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113817215","repostId":"1171573997","repostType":4,"repost":{"id":"1171573997","kind":"news","pubTimestamp":1622602297,"share":"https://www.laohu8.com/m/news/1171573997?lang=zh_CN&edition=full","pubTime":"2021-06-02 10:51","market":"us","language":"en","title":"Coinbase’s stock rises as crypto platform says U.S. customers can use debit card in Apple, Google wallets<blockquote>加密货币平台表示美国客户可以在苹果使用借记卡和谷歌钱包，Coinbase股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171573997","media":"Market Wacth","summary":"Shares of crypto broker Coinbase climbed Tuesday, even as the broader digital-asset complex was slug","content":"<p>Shares of crypto broker Coinbase climbed Tuesday, even as the broader digital-asset complex was sluggish following a listless weekend’s trading for crypto.</p><p><blockquote>加密货币经纪商Coinbase的股价周二上涨，尽管在周末加密货币交易无精打采后，更广泛的数字资产综合体表现低迷。</blockquote></p><p> At last check, Coinbase sharesCOIN,+1.01%were up by about 2% as the U.S.’s largest crypto platform said that it hadforged an agreementwith <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc.AAPL,-0.26%and GoogleGOOG,+0.76%GOOGL,+1.03%mobile payment networks, whereby U.S. customers can now use its branded debit card in Google and Apple wallet applications for payments.</p><p><blockquote>据上次检查，Coinbase股价上涨约2%，+1.01%，因为美国最大的加密货币平台表示已与<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.AAPL，-0.26%和GoogleGOOG，+0.76%GOOGL，+1.03%移动支付网络，美国客户现在可以在谷歌和苹果钱包应用程序中使用其品牌借记卡进行支付。</blockquote></p><p> Coinbase said that it will automatically convert all cryptocurrency to U.S. dollarsDXY,0.05%and transfer the funds to a customer’s Coinbase cards for purchases and withdrawals, as well as provide rewards in crypto.</p><p><blockquote>Coinbase表示，它将自动将所有加密货币转换为美元DXY，0.05%，并将资金转移到客户的Coinbase卡上用于购买和提款，并提供加密货币奖励。</blockquote></p><p> The crypto platform, which went public in mid-April, kicked off its debit card in the U.S. during the fall of 2020, a debit <a href=\"https://laohu8.com/S/V\">Visa</a> card. The company launched a debit card inEurope and the U.K. in 2019.</p><p><blockquote>该加密货币平台于4月中旬上市，于2020年秋季在美国推出借记卡，借记卡<a href=\"https://laohu8.com/S/V\">签证</a>卡片。该公司于2019年在欧洲和英国推出了借记卡。</blockquote></p><p> Coinbase’s debit card has been supported by Google Pay in Europe since March 2020.</p><p><blockquote>自2020年3月以来，Coinbase的借记卡已在欧洲获得Google Pay的支持。</blockquote></p><p> “Mobile phone payments are growing steadily in the US,&nbsp;up 29%&nbsp;in 2020,” Coinbase wrote on its blog Tuesday.</p><p><blockquote>Coinbase周二在其博客上写道：“美国的手机支付正在稳步增长，2020年增长了29%。”</blockquote></p><p> Shares of Coinbase are down over 26% since the company listed on the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Inc. on April 14.</p><p><blockquote>自Coinbase上市以来，该公司股价已下跌超过26%<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>公司于4月14日。</blockquote></p><p> Meanwhile, the broader crypto market was mixed, with bitcoinBTCUSD,0.20%changing hands at $36,133.75, down 2% on CoinDesk. Ether on the Ethereum blockchainETHUSD,1.32%,the world’s second-largest crypto by market value, was down 1.8% at around $2,560.</p><p><blockquote>与此同时，更广泛的加密货币市场涨跌互现，比特币BTCUSD易手0.20%，至36,133.75美元，CoinDesk下跌2%。以太币区块链上的以太币THUSD，1.32%，全球市值第二大加密货币，下跌1.8%，至2,560美元左右。</blockquote></p><p> Traditional markets also were trading mixed, with the Dow Jones Industrial AverageDJIA,+0.13%nursing a slight gain, while the Nasdaq CompositeCOMP,-0.09%S&amp;P 500SPX,-0.05%indexes were trading lower.</p><p><blockquote>传统市场也涨跌互现，道琼斯工业平均指数DJIA，+0.13%小幅上涨，而纳斯达克综合指数COMP，-0.09%标准普尔500SPX，-0.05%指数则走低。</blockquote></p><p></p>","source":"lsy1604288433698","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>Coinbase’s stock rises as crypto platform says U.S. customers can use debit card in Apple, Google wallets<blockquote>加密货币平台表示美国客户可以在苹果使用借记卡和谷歌钱包，Coinbase股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase’s stock rises as crypto platform says U.S. customers can use debit card in Apple, Google wallets<blockquote>加密货币平台表示美国客户可以在苹果使用借记卡和谷歌钱包，Coinbase股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-06-02 10:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of crypto broker Coinbase climbed Tuesday, even as the broader digital-asset complex was sluggish following a listless weekend’s trading for crypto.</p><p><blockquote>加密货币经纪商Coinbase的股价周二上涨，尽管在周末加密货币交易无精打采后，更广泛的数字资产综合体表现低迷。</blockquote></p><p> At last check, Coinbase sharesCOIN,+1.01%were up by about 2% as the U.S.’s largest crypto platform said that it hadforged an agreementwith <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc.AAPL,-0.26%and GoogleGOOG,+0.76%GOOGL,+1.03%mobile payment networks, whereby U.S. customers can now use its branded debit card in Google and Apple wallet applications for payments.</p><p><blockquote>据上次检查，Coinbase股价上涨约2%，+1.01%，因为美国最大的加密货币平台表示已与<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.AAPL，-0.26%和GoogleGOOG，+0.76%GOOGL，+1.03%移动支付网络，美国客户现在可以在谷歌和苹果钱包应用程序中使用其品牌借记卡进行支付。</blockquote></p><p> Coinbase said that it will automatically convert all cryptocurrency to U.S. dollarsDXY,0.05%and transfer the funds to a customer’s Coinbase cards for purchases and withdrawals, as well as provide rewards in crypto.</p><p><blockquote>Coinbase表示，它将自动将所有加密货币转换为美元DXY，0.05%，并将资金转移到客户的Coinbase卡上用于购买和提款，并提供加密货币奖励。</blockquote></p><p> The crypto platform, which went public in mid-April, kicked off its debit card in the U.S. during the fall of 2020, a debit <a href=\"https://laohu8.com/S/V\">Visa</a> card. The company launched a debit card inEurope and the U.K. in 2019.</p><p><blockquote>该加密货币平台于4月中旬上市，于2020年秋季在美国推出借记卡，借记卡<a href=\"https://laohu8.com/S/V\">签证</a>卡片。该公司于2019年在欧洲和英国推出了借记卡。</blockquote></p><p> Coinbase’s debit card has been supported by Google Pay in Europe since March 2020.</p><p><blockquote>自2020年3月以来，Coinbase的借记卡已在欧洲获得Google Pay的支持。</blockquote></p><p> “Mobile phone payments are growing steadily in the US,&nbsp;up 29%&nbsp;in 2020,” Coinbase wrote on its blog Tuesday.</p><p><blockquote>Coinbase周二在其博客上写道：“美国的手机支付正在稳步增长，2020年增长了29%。”</blockquote></p><p> Shares of Coinbase are down over 26% since the company listed on the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Inc. on April 14.</p><p><blockquote>自Coinbase上市以来，该公司股价已下跌超过26%<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>公司于4月14日。</blockquote></p><p> Meanwhile, the broader crypto market was mixed, with bitcoinBTCUSD,0.20%changing hands at $36,133.75, down 2% on CoinDesk. Ether on the Ethereum blockchainETHUSD,1.32%,the world’s second-largest crypto by market value, was down 1.8% at around $2,560.</p><p><blockquote>与此同时，更广泛的加密货币市场涨跌互现，比特币BTCUSD易手0.20%，至36,133.75美元，CoinDesk下跌2%。以太币区块链上的以太币THUSD，1.32%，全球市值第二大加密货币，下跌1.8%，至2,560美元左右。</blockquote></p><p> Traditional markets also were trading mixed, with the Dow Jones Industrial AverageDJIA,+0.13%nursing a slight gain, while the Nasdaq CompositeCOMP,-0.09%S&amp;P 500SPX,-0.05%indexes were trading lower.</p><p><blockquote>传统市场也涨跌互现，道琼斯工业平均指数DJIA，+0.13%小幅上涨，而纳斯达克综合指数COMP，-0.09%标准普尔500SPX，-0.05%指数则走低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/coinbases-stock-rises-as-crypto-platform-says-u-s-customers-can-use-debit-card-in-apple-google-wallets-11622570914?mod=home-page\">Market Wacth</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":{"03086":"华夏纳指","09086":"华夏纳指-U","GOOG":"谷歌","QNETCN":"纳斯达克中美互联网老虎指数","GOOGL":"谷歌A"},"source_url":"https://www.marketwatch.com/story/coinbases-stock-rises-as-crypto-platform-says-u-s-customers-can-use-debit-card-in-apple-google-wallets-11622570914?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171573997","content_text":"Shares of crypto broker Coinbase climbed Tuesday, even as the broader digital-asset complex was sluggish following a listless weekend’s trading for crypto.\nAt last check, Coinbase sharesCOIN,+1.01%were up by about 2% as the U.S.’s largest crypto platform said that it hadforged an agreementwith Apple Inc.AAPL,-0.26%and GoogleGOOG,+0.76%GOOGL,+1.03%mobile payment networks, whereby U.S. customers can now use its branded debit card in Google and Apple wallet applications for payments.\nCoinbase said that it will automatically convert all cryptocurrency to U.S. dollarsDXY,0.05%and transfer the funds to a customer’s Coinbase cards for purchases and withdrawals, as well as provide rewards in crypto.\nThe crypto platform, which went public in mid-April, kicked off its debit card in the U.S. during the fall of 2020, a debit Visa card. The company launched a debit card inEurope and the U.K. in 2019.\nCoinbase’s debit card has been supported by Google Pay in Europe since March 2020.\n“Mobile phone payments are growing steadily in the US, up 29% in 2020,” Coinbase wrote on its blog Tuesday.\nShares of Coinbase are down over 26% since the company listed on the Nasdaq Inc. on April 14.\nMeanwhile, the broader crypto market was mixed, with bitcoinBTCUSD,0.20%changing hands at $36,133.75, down 2% on CoinDesk. 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Mannnnn!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/110052770","repostId":"1142071254","repostType":4,"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131796529,"gmtCreate":1621894440361,"gmtModify":1634185838390,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583491361400942","authorIdStr":"3583491361400942"},"themes":[],"htmlText":"Will it drop below $500?","listText":"Will it drop below $500?","text":"Will it drop below $500?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/131796529","repostId":"2137155484","repostType":4,"isVote":1,"tweetType":1,"viewCount":789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130242922,"gmtCreate":1621554333166,"gmtModify":1634188224790,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583491361400942","authorIdStr":"3583491361400942"},"themes":[],"htmlText":"Helloo","listText":"Helloo","text":"Helloo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/130242922","repostId":"1135487235","repostType":4,"isVote":1,"tweetType":1,"viewCount":787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197629275,"gmtCreate":1621465245897,"gmtModify":1634189038162,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583491361400942","authorIdStr":"3583491361400942"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/197629275","repostId":"1103552481","repostType":4,"repost":{"id":"1103552481","kind":"news","pubTimestamp":1621428667,"share":"https://www.laohu8.com/m/news/1103552481?lang=zh_CN&edition=full","pubTime":"2021-05-19 20:51","market":"us","language":"en","title":"3 Things to Watch for in the Fed Minutes Today<blockquote>今日美联储会议纪要中值得关注的3件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103552481","media":"Barrons","summary":"The Federal Reserve’s latest meeting minutes aren’t expected to make much of a splash today, but inv","content":"<p>The Federal Reserve’s latest meeting minutes aren’t expected to make much of a splash today, but investors should still keep an eye out for a few different themes.</p><p><blockquote>美联储最新的会议纪要预计今天不会引起太大轰动，但投资者仍应关注一些不同的主题。</blockquote></p><p> The minutes are due out at 2 p.m. today, and Fed watchers may face a greater challenge than usual in deciphering their significance:&nbsp; A lot has changed in the economy since the April 28-29 meeting. The ensuing weeks have brought a&nbsp;surprisingly weak jobs report&nbsp;and a&nbsp;stronger-than-expected consumer inflation report, for example.</p><p><blockquote>会议纪要将于今天下午2点公布，美联储观察人士在解读其意义时可能会面临比平时更大的挑战：自4月28日至29日的会议以来，经济发生了很大变化。例如，接下来的几周带来了令人惊讶的疲软就业报告和强于预期的消费者通胀报告。</blockquote></p><p> And unlike&nbsp;last month’s meeting, there wasn’t an attention-grabbing selloff in Treasuries to command officials’ attention. The steep climb in yields abated at the end of March, even as economic data showed and stronger price pressures in April.&nbsp;The 10-year yield has&nbsp;dropped to 1.64%&nbsp;from 1.74% on March 31.</p><p><blockquote>与上个月的会议不同，美国国债并没有出现引人注目的抛售来引起官员的注意。尽管经济数据显示4月份价格压力更大，但收益率的急剧攀升在3月底有所减弱。10年期国债收益率已从3月31日的1.74%降至1.64%。</blockquote></p><p> Yet the document may still provide some clues about the central bank’s views. And officials have provided more perspective on policy since the latest meeting as well. Notably, Fed Vice Chair Richard Clarida spoke at a conference on Monday and discussed some recent economic data points as well.</p><p><blockquote>然而，这份文件仍可能为央行的观点提供一些线索。自上次会议以来，官员们也提供了更多关于政策的观点。值得注意的是，美联储副主席理查德·克拉里达在周一的一次会议上发表讲话，并讨论了最近的一些经济数据点。</blockquote></p><p> Here’s what strategists expect out of the meeting today, and what Clarida said about the topics:</p><p><blockquote>以下是策略师对今天会议的预期，以及克拉里达对这些主题的看法：</blockquote></p><p> <b>“Attuned and Attentive” to “Transitory” Inflation?</b></p><p><blockquote><b>“适应并关注”“暂时性”通货膨胀？</b></blockquote></p><p> One popular line among Fed officials, including Fed Chair Jerome Powell, has been the assurance that this spring is expected to bring a “transitory” rise in inflation, mostly related to the reopening of the U.S. economy after the pandemic brought a sharp deceleration in activity last year.</p><p><blockquote>包括美联储主席杰罗姆·鲍威尔（Jerome Powell）在内的美联储官员的一个流行观点是，今年春天预计将带来通胀“暂时”上升，这主要与去年疫情导致经济活动急剧减速后美国经济重新开放有关。</blockquote></p><p> Mizuho economists Steven Ricchiuto and Alex Pelle wrote in a May 18 note that they expect “several mentions of ‘transitory’ price pressures” in the minutes. They also highlighted that many of the steepest increases in consumer prices in April were in sectors where demand had been hit most by the pandemic, such as hotels and airfares. “So far [that] validates the Fed’s thinking,” they added.</p><p><blockquote>瑞穗经济学家Steven Ricchiuto和Alex Pelle在5月18日的一份报告中写道，他们预计会议纪要中“多次提到‘暂时’价格压力”。他们还强调，4月份消费者价格涨幅最大的许多行业都是需求受疫情打击最严重的行业，例如酒店和机票。“到目前为止，这证实了美联储的想法，”他们补充道。</blockquote></p><p> Yet at Monday’s conference, Clarida seemed to be repeating a different type of assurance about inflation:&nbsp; That the central bank would be “attuned and attentive” to any data showing higher price pressures.</p><p><blockquote>然而，在周一的会议上，克拉里达似乎在重复一种关于通胀的不同类型的保证：央行将“协调并关注”任何显示价格压力上升的数据。</blockquote></p><p> “In the CPI report, [reopening] did clearly put upward pressure on prices. Now our baseline view is that most of this is likely to be transitory, but we have to be attuned and attentive to the incoming data,” he said. “[The] key element of our mandate is price stability and an important component of price stability is well-anchored inflation expectations. If we were to see upward pressure on prices or inflation that threatened to put inflation expectations higher, I have no doubt we would use our tools to address that situation.”</p><p><blockquote>“在CPI报告中，[重新开放]确实明显给价格带来了上行压力。现在我们的基线观点是，其中大部分可能是暂时的，但我们必须适应并关注即将到来的数据，”他说。“我们任务的关键要素是价格稳定，而价格稳定的一个重要组成部分是稳定的通胀预期。如果我们看到价格或通胀面临上行压力，有可能推高通胀预期，我毫不怀疑我们会使用我们的工具来解决这种情况。”</blockquote></p><p> <b>Taper Timeline</b></p><p><blockquote><b>锥形时间表</b></blockquote></p><p> Investors will also be looking to see if the central bank provides any additional guidance on when it might start paring back its $120 billion in monthly bond purchases. Powell has said the Fed wants to make “substantial further progress” toward its goals of full employment and a long-term average of 2% inflation before it wants to pare down its purchases, but officials haven’t provided much additional guidance.</p><p><blockquote>投资者还将关注央行是否就何时开始削减每月1200亿美元的债券购买量提供任何额外指导。鲍威尔曾表示，美联储希望在削减购买之前，在实现充分就业和长期平均通胀率2%的目标方面取得“实质性的进一步进展”，但官员们没有提供太多额外指导。</blockquote></p><p> Most on Wall Street expect the Fed to discuss longer-term plans to reduce, or taper, its purchases&nbsp;late this summer or during the fall. NatWest Markets said in a Monday note that it expects the Fed to start talking about tapering its purchases in September and actually start to reduce the pace of bond-buying next year.</p><p><blockquote>华尔街大多数人预计，美联储将在今年夏末或秋季讨论减少或缩减购买规模的长期计划。NatWest Markets在周一的一份报告中表示，预计美联储将在9月份开始谈论缩减购债规模，并在明年实际上开始放缓购债步伐。</blockquote></p><p> So any more detailed discussion in the latest meeting minutes could come as a surprise to investors and potentially matter for markets.</p><p><blockquote>因此，最新会议纪要中任何更详细的讨论都可能令投资者感到意外，并可能对市场产生影响。</blockquote></p><p> <b>Labor-Market Outlook</b></p><p><blockquote><b>劳工市场展望</b></blockquote></p><p> One key factor that will determine the outlook for the Fed’s bond buying (and other accommodation) is the recovery in the labor market. And that remains up in the air, after the disappointing April jobs report.</p><p><blockquote>决定美联储债券购买（和其他宽松政策）前景的一个关键因素是劳动力市场的复苏。在令人失望的四月份就业报告之后，这一问题仍然悬而未决。</blockquote></p><p> Still, there is a chance investors could find more context on one of their questions in the minutes:&nbsp; How much improvement will be enough for the Fed to start withdrawing accommodation? In other words, what does “substantial further progress” mean?</p><p><blockquote>尽管如此，投资者仍有可能在会议纪要中找到有关他们的一个问题的更多背景：多少改善足以让美联储开始撤回宽松政策？换句话说，“实质性的进一步进展”是什么意思？</blockquote></p><p> Before the disappointing news on April’s labor market, most of Wall Street expected a strong month for jobs creation, another step toward the “string” of strong months of recovery that Powell had said was needed before the U.S. achieved “substantial further progress” toward the Fed’s goals. That may have prompted officials to discuss just how far along the recovery would need to go before the central bank could start stepping back.</p><p><blockquote>在4月份劳动力市场令人失望的消息传出之前，华尔街大多数人预计本月将创造就业机会强劲，这是鲍威尔曾表示，在美国实现“实质性的进一步进展”之前，需要实现“一系列”强劲复苏的又一步。美联储的目标。这可能促使官员们讨论复苏需要走多远，央行才能开始退出。</blockquote></p><p> Clarida discussed the April employment report on Monday as well.</p><p><blockquote>克拉里达周一还讨论了4月份的就业报告。</blockquote></p><p></p><p> “What the April employment report said to me is that the way we bring supply and demand into balance in the labor market, especially in the service sector, may take some time and may produce some upward pressure on prices as workers return to employment, so we have to be attuned and attentive to that data flow,” he said. “Per that April employment report, we have not made substantial further progress, but as the data comes in we as a committee will have to evaluate that, and ultimately make a judgment.”</p><p><blockquote>“四月份就业报告告诉我的是，我们使劳动力市场，特别是服务业供需平衡的方式可能需要一些时间，并且随着工人重返就业，可能会对价格产生一些上行压力，因此我们必须适应并关注数据流，”他说。“根据四月份就业报告，我们没有取得实质性的进一步进展，但随着数据的出现，我们作为一个委员会将不得不对其进行评估，并最终做出判断。”</blockquote></p><p> Ultimately, the importance of future labor-market data hints at the broader takeaway from the Fed’s meeting minutes:&nbsp; Coming months’ economic data may be the final arbiter of what the Fed does, and its plans to remove accommodation from markets and the economy. And the&nbsp;economic data has been so volatile&nbsp;during the reopening that the picture could change significantly by the time the Fed meets again in June.</p><p><blockquote>最终，未来劳动力市场数据的重要性暗示了美联储会议纪要的更广泛结论：未来几个月的经济数据可能是美联储行动及其取消市场和经济宽松计划的最终仲裁者。在重新开放期间，经济数据波动如此之大，以至于到美联储6月份再次开会时，情况可能会发生重大变化。</blockquote></p><p> That means investors will have to hold tight for a while longer to get a sense of when the central bank plans to start stepping back.</p><p><blockquote>这意味着投资者将不得不再持有一段时间才能了解央行计划何时开始退出。</blockquote></p><p> “We’re reluctant to call this an equilibrium of any sort – rather it’s much more likely to prove a temporary holding pattern as macro expectations are further refined,” wrote Ian Lyngen, strategist with BMO. “Clearly, we have more questions than answers.”</p><p><blockquote>BMO策略师Ian Lyngen写道：“我们不愿意将这种均衡视为任何形式的均衡，相反，随着宏观预期的进一步细化，它更有可能被证明是一种暂时的持有模式。”“显然，我们的问题多于答案。”</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>3 Things to Watch for in the Fed Minutes Today<blockquote>今日美联储会议纪要中值得关注的3件事</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 Things to Watch for in the Fed Minutes Today<blockquote>今日美联储会议纪要中值得关注的3件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-19 20:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve’s latest meeting minutes aren’t expected to make much of a splash today, but investors should still keep an eye out for a few different themes.</p><p><blockquote>美联储最新的会议纪要预计今天不会引起太大轰动，但投资者仍应关注一些不同的主题。</blockquote></p><p> The minutes are due out at 2 p.m. today, and Fed watchers may face a greater challenge than usual in deciphering their significance:&nbsp; A lot has changed in the economy since the April 28-29 meeting. The ensuing weeks have brought a&nbsp;surprisingly weak jobs report&nbsp;and a&nbsp;stronger-than-expected consumer inflation report, for example.</p><p><blockquote>会议纪要将于今天下午2点公布，美联储观察人士在解读其意义时可能会面临比平时更大的挑战：自4月28日至29日的会议以来，经济发生了很大变化。例如，接下来的几周带来了令人惊讶的疲软就业报告和强于预期的消费者通胀报告。</blockquote></p><p> And unlike&nbsp;last month’s meeting, there wasn’t an attention-grabbing selloff in Treasuries to command officials’ attention. The steep climb in yields abated at the end of March, even as economic data showed and stronger price pressures in April.&nbsp;The 10-year yield has&nbsp;dropped to 1.64%&nbsp;from 1.74% on March 31.</p><p><blockquote>与上个月的会议不同，美国国债并没有出现引人注目的抛售来引起官员的注意。尽管经济数据显示4月份价格压力更大，但收益率的急剧攀升在3月底有所减弱。10年期国债收益率已从3月31日的1.74%降至1.64%。</blockquote></p><p> Yet the document may still provide some clues about the central bank’s views. And officials have provided more perspective on policy since the latest meeting as well. Notably, Fed Vice Chair Richard Clarida spoke at a conference on Monday and discussed some recent economic data points as well.</p><p><blockquote>然而，这份文件仍可能为央行的观点提供一些线索。自上次会议以来，官员们也提供了更多关于政策的观点。值得注意的是，美联储副主席理查德·克拉里达在周一的一次会议上发表讲话，并讨论了最近的一些经济数据点。</blockquote></p><p> Here’s what strategists expect out of the meeting today, and what Clarida said about the topics:</p><p><blockquote>以下是策略师对今天会议的预期，以及克拉里达对这些主题的看法：</blockquote></p><p> <b>“Attuned and Attentive” to “Transitory” Inflation?</b></p><p><blockquote><b>“适应并关注”“暂时性”通货膨胀？</b></blockquote></p><p> One popular line among Fed officials, including Fed Chair Jerome Powell, has been the assurance that this spring is expected to bring a “transitory” rise in inflation, mostly related to the reopening of the U.S. economy after the pandemic brought a sharp deceleration in activity last year.</p><p><blockquote>包括美联储主席杰罗姆·鲍威尔（Jerome Powell）在内的美联储官员的一个流行观点是，今年春天预计将带来通胀“暂时”上升，这主要与去年疫情导致经济活动急剧减速后美国经济重新开放有关。</blockquote></p><p> Mizuho economists Steven Ricchiuto and Alex Pelle wrote in a May 18 note that they expect “several mentions of ‘transitory’ price pressures” in the minutes. They also highlighted that many of the steepest increases in consumer prices in April were in sectors where demand had been hit most by the pandemic, such as hotels and airfares. “So far [that] validates the Fed’s thinking,” they added.</p><p><blockquote>瑞穗经济学家Steven Ricchiuto和Alex Pelle在5月18日的一份报告中写道，他们预计会议纪要中“多次提到‘暂时’价格压力”。他们还强调，4月份消费者价格涨幅最大的许多行业都是需求受疫情打击最严重的行业，例如酒店和机票。“到目前为止，这证实了美联储的想法，”他们补充道。</blockquote></p><p> Yet at Monday’s conference, Clarida seemed to be repeating a different type of assurance about inflation:&nbsp; That the central bank would be “attuned and attentive” to any data showing higher price pressures.</p><p><blockquote>然而，在周一的会议上，克拉里达似乎在重复一种关于通胀的不同类型的保证：央行将“协调并关注”任何显示价格压力上升的数据。</blockquote></p><p> “In the CPI report, [reopening] did clearly put upward pressure on prices. Now our baseline view is that most of this is likely to be transitory, but we have to be attuned and attentive to the incoming data,” he said. “[The] key element of our mandate is price stability and an important component of price stability is well-anchored inflation expectations. If we were to see upward pressure on prices or inflation that threatened to put inflation expectations higher, I have no doubt we would use our tools to address that situation.”</p><p><blockquote>“在CPI报告中，[重新开放]确实明显给价格带来了上行压力。现在我们的基线观点是，其中大部分可能是暂时的，但我们必须适应并关注即将到来的数据，”他说。“我们任务的关键要素是价格稳定，而价格稳定的一个重要组成部分是稳定的通胀预期。如果我们看到价格或通胀面临上行压力，有可能推高通胀预期，我毫不怀疑我们会使用我们的工具来解决这种情况。”</blockquote></p><p> <b>Taper Timeline</b></p><p><blockquote><b>锥形时间表</b></blockquote></p><p> Investors will also be looking to see if the central bank provides any additional guidance on when it might start paring back its $120 billion in monthly bond purchases. Powell has said the Fed wants to make “substantial further progress” toward its goals of full employment and a long-term average of 2% inflation before it wants to pare down its purchases, but officials haven’t provided much additional guidance.</p><p><blockquote>投资者还将关注央行是否就何时开始削减每月1200亿美元的债券购买量提供任何额外指导。鲍威尔曾表示，美联储希望在削减购买之前，在实现充分就业和长期平均通胀率2%的目标方面取得“实质性的进一步进展”，但官员们没有提供太多额外指导。</blockquote></p><p> Most on Wall Street expect the Fed to discuss longer-term plans to reduce, or taper, its purchases&nbsp;late this summer or during the fall. NatWest Markets said in a Monday note that it expects the Fed to start talking about tapering its purchases in September and actually start to reduce the pace of bond-buying next year.</p><p><blockquote>华尔街大多数人预计，美联储将在今年夏末或秋季讨论减少或缩减购买规模的长期计划。NatWest Markets在周一的一份报告中表示，预计美联储将在9月份开始谈论缩减购债规模，并在明年实际上开始放缓购债步伐。</blockquote></p><p> So any more detailed discussion in the latest meeting minutes could come as a surprise to investors and potentially matter for markets.</p><p><blockquote>因此，最新会议纪要中任何更详细的讨论都可能令投资者感到意外，并可能对市场产生影响。</blockquote></p><p> <b>Labor-Market Outlook</b></p><p><blockquote><b>劳工市场展望</b></blockquote></p><p> One key factor that will determine the outlook for the Fed’s bond buying (and other accommodation) is the recovery in the labor market. And that remains up in the air, after the disappointing April jobs report.</p><p><blockquote>决定美联储债券购买（和其他宽松政策）前景的一个关键因素是劳动力市场的复苏。在令人失望的四月份就业报告之后，这一问题仍然悬而未决。</blockquote></p><p> Still, there is a chance investors could find more context on one of their questions in the minutes:&nbsp; How much improvement will be enough for the Fed to start withdrawing accommodation? In other words, what does “substantial further progress” mean?</p><p><blockquote>尽管如此，投资者仍有可能在会议纪要中找到有关他们的一个问题的更多背景：多少改善足以让美联储开始撤回宽松政策？换句话说，“实质性的进一步进展”是什么意思？</blockquote></p><p> Before the disappointing news on April’s labor market, most of Wall Street expected a strong month for jobs creation, another step toward the “string” of strong months of recovery that Powell had said was needed before the U.S. achieved “substantial further progress” toward the Fed’s goals. That may have prompted officials to discuss just how far along the recovery would need to go before the central bank could start stepping back.</p><p><blockquote>在4月份劳动力市场令人失望的消息传出之前，华尔街大多数人预计本月将创造就业机会强劲，这是鲍威尔曾表示，在美国实现“实质性的进一步进展”之前，需要实现“一系列”强劲复苏的又一步。美联储的目标。这可能促使官员们讨论复苏需要走多远，央行才能开始退出。</blockquote></p><p> Clarida discussed the April employment report on Monday as well.</p><p><blockquote>克拉里达周一还讨论了4月份的就业报告。</blockquote></p><p></p><p> “What the April employment report said to me is that the way we bring supply and demand into balance in the labor market, especially in the service sector, may take some time and may produce some upward pressure on prices as workers return to employment, so we have to be attuned and attentive to that data flow,” he said. “Per that April employment report, we have not made substantial further progress, but as the data comes in we as a committee will have to evaluate that, and ultimately make a judgment.”</p><p><blockquote>“四月份就业报告告诉我的是，我们使劳动力市场，特别是服务业供需平衡的方式可能需要一些时间，并且随着工人重返就业，可能会对价格产生一些上行压力，因此我们必须适应并关注数据流，”他说。“根据四月份就业报告，我们没有取得实质性的进一步进展，但随着数据的出现，我们作为一个委员会将不得不对其进行评估，并最终做出判断。”</blockquote></p><p> Ultimately, the importance of future labor-market data hints at the broader takeaway from the Fed’s meeting minutes:&nbsp; Coming months’ economic data may be the final arbiter of what the Fed does, and its plans to remove accommodation from markets and the economy. And the&nbsp;economic data has been so volatile&nbsp;during the reopening that the picture could change significantly by the time the Fed meets again in June.</p><p><blockquote>最终，未来劳动力市场数据的重要性暗示了美联储会议纪要的更广泛结论：未来几个月的经济数据可能是美联储行动及其取消市场和经济宽松计划的最终仲裁者。在重新开放期间，经济数据波动如此之大，以至于到美联储6月份再次开会时，情况可能会发生重大变化。</blockquote></p><p> That means investors will have to hold tight for a while longer to get a sense of when the central bank plans to start stepping back.</p><p><blockquote>这意味着投资者将不得不再持有一段时间才能了解央行计划何时开始退出。</blockquote></p><p> “We’re reluctant to call this an equilibrium of any sort – rather it’s much more likely to prove a temporary holding pattern as macro expectations are further refined,” wrote Ian Lyngen, strategist with BMO. “Clearly, we have more questions than answers.”</p><p><blockquote>BMO策略师Ian Lyngen写道：“我们不愿意将这种均衡视为任何形式的均衡，相反，随着宏观预期的进一步细化，它更有可能被证明是一种暂时的持有模式。”“显然，我们的问题多于答案。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/inflation-jobs-and-more-to-watch-for-in-todays-fed-minutes-release-51621421812?mod=hp_LEAD_3\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/inflation-jobs-and-more-to-watch-for-in-todays-fed-minutes-release-51621421812?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103552481","content_text":"The Federal Reserve’s latest meeting minutes aren’t expected to make much of a splash today, but investors should still keep an eye out for a few different themes.\nThe minutes are due out at 2 p.m. today, and Fed watchers may face a greater challenge than usual in deciphering their significance:  A lot has changed in the economy since the April 28-29 meeting. The ensuing weeks have brought a surprisingly weak jobs report and a stronger-than-expected consumer inflation report, for example.\nAnd unlike last month’s meeting, there wasn’t an attention-grabbing selloff in Treasuries to command officials’ attention. The steep climb in yields abated at the end of March, even as economic data showed and stronger price pressures in April. The 10-year yield has dropped to 1.64% from 1.74% on March 31.\nYet the document may still provide some clues about the central bank’s views. And officials have provided more perspective on policy since the latest meeting as well. Notably, Fed Vice Chair Richard Clarida spoke at a conference on Monday and discussed some recent economic data points as well.\nHere’s what strategists expect out of the meeting today, and what Clarida said about the topics:\n“Attuned and Attentive” to “Transitory” Inflation?\nOne popular line among Fed officials, including Fed Chair Jerome Powell, has been the assurance that this spring is expected to bring a “transitory” rise in inflation, mostly related to the reopening of the U.S. economy after the pandemic brought a sharp deceleration in activity last year.\nMizuho economists Steven Ricchiuto and Alex Pelle wrote in a May 18 note that they expect “several mentions of ‘transitory’ price pressures” in the minutes. They also highlighted that many of the steepest increases in consumer prices in April were in sectors where demand had been hit most by the pandemic, such as hotels and airfares. “So far [that] validates the Fed’s thinking,” they added.\nYet at Monday’s conference, Clarida seemed to be repeating a different type of assurance about inflation:  That the central bank would be “attuned and attentive” to any data showing higher price pressures.\n“In the CPI report, [reopening] did clearly put upward pressure on prices. Now our baseline view is that most of this is likely to be transitory, but we have to be attuned and attentive to the incoming data,” he said. “[The] key element of our mandate is price stability and an important component of price stability is well-anchored inflation expectations. If we were to see upward pressure on prices or inflation that threatened to put inflation expectations higher, I have no doubt we would use our tools to address that situation.”\nTaper Timeline\nInvestors will also be looking to see if the central bank provides any additional guidance on when it might start paring back its $120 billion in monthly bond purchases. Powell has said the Fed wants to make “substantial further progress” toward its goals of full employment and a long-term average of 2% inflation before it wants to pare down its purchases, but officials haven’t provided much additional guidance.\nMost on Wall Street expect the Fed to discuss longer-term plans to reduce, or taper, its purchases late this summer or during the fall. NatWest Markets said in a Monday note that it expects the Fed to start talking about tapering its purchases in September and actually start to reduce the pace of bond-buying next year.\nSo any more detailed discussion in the latest meeting minutes could come as a surprise to investors and potentially matter for markets.\nLabor-Market Outlook\nOne key factor that will determine the outlook for the Fed’s bond buying (and other accommodation) is the recovery in the labor market. And that remains up in the air, after the disappointing April jobs report.\nStill, there is a chance investors could find more context on one of their questions in the minutes:  How much improvement will be enough for the Fed to start withdrawing accommodation? In other words, what does “substantial further progress” mean?\nBefore the disappointing news on April’s labor market, most of Wall Street expected a strong month for jobs creation, another step toward the “string” of strong months of recovery that Powell had said was needed before the U.S. achieved “substantial further progress” toward the Fed’s goals. That may have prompted officials to discuss just how far along the recovery would need to go before the central bank could start stepping back.\nClarida discussed the April employment report on Monday as well.\n“What the April employment report said to me is that the way we bring supply and demand into balance in the labor market, especially in the service sector, may take some time and may produce some upward pressure on prices as workers return to employment, so we have to be attuned and attentive to that data flow,” he said. “Per that April employment report, we have not made substantial further progress, but as the data comes in we as a committee will have to evaluate that, and ultimately make a judgment.”\nUltimately, the importance of future labor-market data hints at the broader takeaway from the Fed’s meeting minutes:  Coming months’ economic data may be the final arbiter of what the Fed does, and its plans to remove accommodation from markets and the economy. And the economic data has been so volatile during the reopening that the picture could change significantly by the time the Fed meets again in June.\nThat means investors will have to hold tight for a while longer to get a sense of when the central bank plans to start stepping back.\n“We’re reluctant to call this an equilibrium of any sort – rather it’s much more likely to prove a temporary holding pattern as macro expectations are further refined,” wrote Ian Lyngen, strategist with BMO. “Clearly, we have more questions than answers.”","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147255761,"gmtCreate":1626360823853,"gmtModify":1633927486202,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583491361400942","authorIdStr":"3583491361400942"},"themes":[],"htmlText":"Ups","listText":"Ups","text":"Ups","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147255761","repostId":"1105855063","repostType":4,"isVote":1,"tweetType":1,"viewCount":2025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189765617,"gmtCreate":1623289659839,"gmtModify":1634034923505,"author":{"id":"3583491361400942","authorId":"3583491361400942","name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583491361400942","authorIdStr":"3583491361400942"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/189765617","repostId":"1109600367","repostType":4,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}