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2021-08-06

Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:

Here’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote>

2021-08-10

Nio is going to be the no. 1 China EV company!

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2021-09-04

Hope that Amazon can break into smaller size to cater to retail investors!

AMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</blockquote>

2021-08-09

Promote FAANG?

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2021-07-02

You are the Apple of my Eye!

5 Warren Buffett Favorites To Keep An Eye On<blockquote>值得关注的 5 个沃伦·巴菲特最爱</blockquote>

2021-07-31

Good read for overall investment strategy

You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</blockquote>

2021-06-22

Is this a fairy tale come true?

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2021-08-25

Tim, you are the Apple of my eye!

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2021-07-27

Steady and solid are nicknames of Apple

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2021-07-29

Demistifying the misconceptions that will save a lot of missteps in your investment journey!

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Do your math. Manage your risks.","listText":"Tread with caution. Do your math. Manage your risks.","text":"Tread with caution. Do your math. Manage your risks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/863263723","repostId":"1190658591","repostType":4,"isVote":1,"tweetType":1,"viewCount":4225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869759899,"gmtCreate":1632323687511,"gmtModify":1632801209574,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Apple shines like a diamond!!!","listText":"Apple shines like a diamond!!!","text":"Apple shines like a diamond!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/869759899","repostId":"1143821004","repostType":4,"isVote":1,"tweetType":1,"viewCount":2833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814359948,"gmtCreate":1630768527084,"gmtModify":1631883943719,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Hope that Amazon can break into smaller size to cater to retail investors!","listText":"Hope that Amazon can break into smaller size to cater to retail investors!","text":"Hope that Amazon can break into smaller size to cater to retail investors!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814359948","repostId":"1151569309","repostType":4,"repost":{"id":"1151569309","kind":"news","pubTimestamp":1630676828,"share":"https://www.laohunote.com/m/news/1151569309?lang=zh_CN&edition=full","pubTime":"2021-09-03 21:47","market":"us","language":"en","title":"AMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151569309","media":"Thestreet","summary":"Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven di","content":"<p>Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven discusses the buy-on-dip opportunity.</p><p><blockquote>在 FAAMG 同行群体中，亚马逊股票是唯一一只跌破历史高点的股票。亚马逊专家讨论逢低买入机会。</blockquote></p><p> Something atypical has been happening in the world of Big Tech lately. As of the end of August 2021, which was only a couple of days ago, Amazon stock&nbsp;(<b>AMZN</b>)&nbsp;was the only FAAMG name trading off its peak – defined here as 1% or more from the all-time high price.</p><p><blockquote>最近，大型科技世界发生了一些非典型的事情。截至2021年8月底，也就是几天前，亚马逊股票（<b>亚马逊</b>) 是唯一一个脱离峰值交易的 FAAMG 名称——这里定义为比历史最高价低 1% 或更多。</blockquote></p><p> Could this be a chance for bargain hunters to load up on AMZN? Today, the Amazon Maven talks about the buy-on-dip opportunity in September.</p><p><blockquote>这可能是抄底者买入 AMZN 的机会吗？今天，这位亚马逊专家谈论了九月份的逢低买入机会。</blockquote></p><p> <b>Amazon stock: rare laggard</b></p><p><blockquote><b>亚马逊股票：罕见落后</b></blockquote></p><p> The chart below shows how often the five FAAMG stocks have traded off their all-time highs, in percentage of total trading days, over the past five years. Nearly half the time (42%), all five of them have been at least 1% away from their historical top at once.</p><p><blockquote>下图显示了过去五年中，五只 FAAMG 股票突破历史高点的频率（占总交易日的百分比）。在近一半的时间（42%）中，所有五个都同时距离历史最高点至少有1%的距离。</blockquote></p><p> This makes logical sense to me. Tech stock prices tend to be volatile and often “peel off” from their highs, even though shares have generally headed higher over a longer time horizon.</p><p><blockquote>这对我来说合乎逻辑。科技股的价格往往波动较大，经常会从高点 “剥离 ”，尽管股票在较长时间内普遍走高。</blockquote></p><p> The least common occurrence has been for only one FAAMG stock to be in the hole, while all others hover near peaks. This has happened, on average, only 1 out of every 12 to 13 trading sessions (i.e. one day per two or three weeks). This is exactly what was happening to Amazon stock at the end of August.</p><p><blockquote>最不常见的情况是只有一只 FAAMG 股票处于洞穴中，而所有其他股票都徘徊在峰值附近。平均而言，每 12 到 13 个交易日中只有 1 个交易日发生这种情况（即每两或三周有一天）。这正是 8 月底亚马逊股票的情况。</blockquote></p><p> Once again, this makes intuitive sense. Roughly speaking, FAAMG stocks behave similarly to the macroeconomic and broad market forces. Healthy consumer spending, economic growth, market enthusiasm and low interest rates are all bullish factors across the entire peer group.</p><p><blockquote>再一次，这有直观的意义。粗略地说，FAAMG 股票的表现与宏观经济和大盘力量类似。健康的消费者支出、经济增长、市场热情和低利率都是整个同行群体的利好因素。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a09638bca8fb5d57bada216196f071c\" tg-width=\"1200\" tg-height=\"686\" referrerpolicy=\"no-referrer\"><span>Figure 2: Number of FAAMG stocks off peak. data from Yahoo Finance</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：FAAMG 股票数量偏离峰值。数据来自雅虎财经</span></p></blockquote></p><p> <h3>Buy-the-dip opportunity</h3> In my view, Amazon’s loser status within the peer group (measured in this case by drawdowns) is still reminiscent of the company’sill-received third quarter earnings report. Back in July, the Seattle-based giant burst analysts’ and investors’ bubble, delivering e-commerce revenues that lagged consensus.</p><p><blockquote><h3>逢低买入机会</h3>在我看来，亚马逊在同行群体中的失败者地位（在这种情况下是通过提款来衡量的）仍然让人想起该公司刚刚收到的第三季度财报。早在 7 月份，这家总部位于西雅图的巨头就戳破了分析师和投资者的泡沫，其电子商务收入落后于共识。</blockquote></p><p> Amazon is not out of the doghouse yet. While COVID-19 fears have lingered, fueling some hopes that the digital retail channel will still perform well in the second half of 2021, the global economies should gradually (and hopefully) reopen and return to “a new normal” over the next 12 months. Therefore, e-commerce headwinds in the foreseeable future are certainly not out of question.</p><p><blockquote>亚马逊还没有走出狗窝。虽然对 COVID-19 的担忧挥之不去，引发了一些人对数字零售渠道在 2021 年下半年仍将表现良好的希望，但全球经济应该会在未来 12 个月内逐步（并有希望地）重新开放并回归 “新常态”。因此，在可预见的未来，电子商务的逆风当然不是不可能的。</blockquote></p><p> However,history has shown time and again&nbsp;that buying Amazon stock on pullbacks is a good strategy. While the current drawdown of only 5% to 10% may not seem like much,I believe that reasonable valuation&nbsp;shelp to set up AMZN for higher-than-peer group returns over the next several months.</p><p><blockquote>然而， 历史一次又一次地表明， 在回调时购买亚马逊股票是一个好策略。虽然目前仅 5% 至 10% 的提款似乎并不多，但我相信合理的估值有助于 AMZN 在未来几个月内实现高于同行的集团回报。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</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\">\nAMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-09-03 21:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven discusses the buy-on-dip opportunity.</p><p><blockquote>在 FAAMG 同行群体中，亚马逊股票是唯一一只跌破历史高点的股票。亚马逊专家讨论逢低买入机会。</blockquote></p><p> Something atypical has been happening in the world of Big Tech lately. As of the end of August 2021, which was only a couple of days ago, Amazon stock&nbsp;(<b>AMZN</b>)&nbsp;was the only FAAMG name trading off its peak – defined here as 1% or more from the all-time high price.</p><p><blockquote>最近，大型科技世界发生了一些非典型的事情。截至2021年8月底，也就是几天前，亚马逊股票（<b>亚马逊</b>) 是唯一一个脱离峰值交易的 FAAMG 名称——这里定义为比历史最高价低 1% 或更多。</blockquote></p><p> Could this be a chance for bargain hunters to load up on AMZN? Today, the Amazon Maven talks about the buy-on-dip opportunity in September.</p><p><blockquote>这可能是抄底者买入 AMZN 的机会吗？今天，这位亚马逊专家谈论了九月份的逢低买入机会。</blockquote></p><p> <b>Amazon stock: rare laggard</b></p><p><blockquote><b>亚马逊股票：罕见落后</b></blockquote></p><p> The chart below shows how often the five FAAMG stocks have traded off their all-time highs, in percentage of total trading days, over the past five years. Nearly half the time (42%), all five of them have been at least 1% away from their historical top at once.</p><p><blockquote>下图显示了过去五年中，五只 FAAMG 股票突破历史高点的频率（占总交易日的百分比）。在近一半的时间（42%）中，所有五个都同时距离历史最高点至少有1%的距离。</blockquote></p><p> This makes logical sense to me. Tech stock prices tend to be volatile and often “peel off” from their highs, even though shares have generally headed higher over a longer time horizon.</p><p><blockquote>这对我来说合乎逻辑。科技股的价格往往波动较大，经常会从高点 “剥离 ”，尽管股票在较长时间内普遍走高。</blockquote></p><p> The least common occurrence has been for only one FAAMG stock to be in the hole, while all others hover near peaks. This has happened, on average, only 1 out of every 12 to 13 trading sessions (i.e. one day per two or three weeks). This is exactly what was happening to Amazon stock at the end of August.</p><p><blockquote>最不常见的情况是只有一只 FAAMG 股票处于洞穴中，而所有其他股票都徘徊在峰值附近。平均而言，每 12 到 13 个交易日中只有 1 个交易日发生这种情况（即每两或三周有一天）。这正是 8 月底亚马逊股票的情况。</blockquote></p><p> Once again, this makes intuitive sense. Roughly speaking, FAAMG stocks behave similarly to the macroeconomic and broad market forces. Healthy consumer spending, economic growth, market enthusiasm and low interest rates are all bullish factors across the entire peer group.</p><p><blockquote>再一次，这有直观的意义。粗略地说，FAAMG 股票的表现与宏观经济和大盘力量类似。健康的消费者支出、经济增长、市场热情和低利率都是整个同行群体的利好因素。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a09638bca8fb5d57bada216196f071c\" tg-width=\"1200\" tg-height=\"686\" referrerpolicy=\"no-referrer\"><span>Figure 2: Number of FAAMG stocks off peak. data from Yahoo Finance</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：FAAMG 股票数量偏离峰值。数据来自雅虎财经</span></p></blockquote></p><p> <h3>Buy-the-dip opportunity</h3> In my view, Amazon’s loser status within the peer group (measured in this case by drawdowns) is still reminiscent of the company’sill-received third quarter earnings report. Back in July, the Seattle-based giant burst analysts’ and investors’ bubble, delivering e-commerce revenues that lagged consensus.</p><p><blockquote><h3>逢低买入机会</h3>在我看来，亚马逊在同行群体中的失败者地位（在这种情况下是通过提款来衡量的）仍然让人想起该公司刚刚收到的第三季度财报。早在 7 月份，这家总部位于西雅图的巨头就戳破了分析师和投资者的泡沫，其电子商务收入落后于共识。</blockquote></p><p> Amazon is not out of the doghouse yet. While COVID-19 fears have lingered, fueling some hopes that the digital retail channel will still perform well in the second half of 2021, the global economies should gradually (and hopefully) reopen and return to “a new normal” over the next 12 months. Therefore, e-commerce headwinds in the foreseeable future are certainly not out of question.</p><p><blockquote>亚马逊还没有走出狗窝。虽然对 COVID-19 的担忧挥之不去，引发了一些人对数字零售渠道在 2021 年下半年仍将表现良好的希望，但全球经济应该会在未来 12 个月内逐步（并有希望地）重新开放并回归 “新常态”。因此，在可预见的未来，电子商务的逆风当然不是不可能的。</blockquote></p><p> However,history has shown time and again&nbsp;that buying Amazon stock on pullbacks is a good strategy. While the current drawdown of only 5% to 10% may not seem like much,I believe that reasonable valuation&nbsp;shelp to set up AMZN for higher-than-peer group returns over the next several months.</p><p><blockquote>然而， 历史一次又一次地表明， 在回调时购买亚马逊股票是一个好策略。虽然目前仅 5% 至 10% 的提款似乎并不多，但我相信合理的估值有助于 AMZN 在未来几个月内实现高于同行的集团回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/amzn-is-the-only-faamg-stock-off-its-peak-buy-the-dip\">Thestreet</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":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/amzn-is-the-only-faamg-stock-off-its-peak-buy-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151569309","content_text":"Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven discusses the buy-on-dip opportunity.\nSomething atypical has been happening in the world of Big Tech lately. As of the end of August 2021, which was only a couple of days ago, Amazon stock (AMZN) was the only FAAMG name trading off its peak – defined here as 1% or more from the all-time high price.\nCould this be a chance for bargain hunters to load up on AMZN? Today, the Amazon Maven talks about the buy-on-dip opportunity in September.\nAmazon stock: rare laggard\nThe chart below shows how often the five FAAMG stocks have traded off their all-time highs, in percentage of total trading days, over the past five years. Nearly half the time (42%), all five of them have been at least 1% away from their historical top at once.\nThis makes logical sense to me. Tech stock prices tend to be volatile and often “peel off” from their highs, even though shares have generally headed higher over a longer time horizon.\nThe least common occurrence has been for only one FAAMG stock to be in the hole, while all others hover near peaks. This has happened, on average, only 1 out of every 12 to 13 trading sessions (i.e. one day per two or three weeks). This is exactly what was happening to Amazon stock at the end of August.\nOnce again, this makes intuitive sense. Roughly speaking, FAAMG stocks behave similarly to the macroeconomic and broad market forces. Healthy consumer spending, economic growth, market enthusiasm and low interest rates are all bullish factors across the entire peer group.\nFigure 2: Number of FAAMG stocks off peak. data from Yahoo Finance\nBuy-the-dip opportunity\nIn my view, Amazon’s loser status within the peer group (measured in this case by drawdowns) is still reminiscent of the company’sill-received third quarter earnings report. Back in July, the Seattle-based giant burst analysts’ and investors’ bubble, delivering e-commerce revenues that lagged consensus.\nAmazon is not out of the doghouse yet. While COVID-19 fears have lingered, fueling some hopes that the digital retail channel will still perform well in the second half of 2021, the global economies should gradually (and hopefully) reopen and return to “a new normal” over the next 12 months. Therefore, e-commerce headwinds in the foreseeable future are certainly not out of question.\nHowever,history has shown time and again that buying Amazon stock on pullbacks is a good strategy. While the current drawdown of only 5% to 10% may not seem like much,I believe that reasonable valuation shelp to set up AMZN for higher-than-peer group returns over the next several months.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":4088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812670682,"gmtCreate":1630587526246,"gmtModify":1632471686288,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"The magic carpet flies again!","listText":"The magic carpet flies again!","text":"The magic carpet flies again!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812670682","repostId":"1159580926","repostType":4,"isVote":1,"tweetType":1,"viewCount":2117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834473205,"gmtCreate":1629823772907,"gmtModify":1633682173921,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Tim, you are the&nbsp;Apple of my eye!","listText":"Tim, you are the&nbsp;Apple of my eye!","text":"Tim, you are the Apple of my eye!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834473205","repostId":"1167446644","repostType":4,"isVote":1,"tweetType":1,"viewCount":3472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834466344,"gmtCreate":1629819648088,"gmtModify":1633682196920,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Charge…..Point to the top with EV!!!","listText":"Charge…..Point to the top with EV!!!","text":"Charge…..Point to the top with EV!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834466344","repostId":"2161772199","repostType":4,"repost":{"id":"2161772199","kind":"highlight","pubTimestamp":1629790326,"share":"https://www.laohunote.com/m/news/2161772199?lang=zh_CN&edition=full","pubTime":"2021-08-24 15:32","market":"us","language":"en","title":"These 15 stocks of retailers are expected to rise up to 97% over the next year<blockquote>这15只零售商股票预计明年将上涨97%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2161772199","media":"MarketWatch","summary":"Amazon is one of five that also make the list of those retailers expected to increase sales the fastest. Analysts polled by FactSet expect shares of Vroom, which sells used cars directly to consumers, to rise 97% over the next 12 months.With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there is money to be made if you focus on innovative sellers and maybe even on traditional brick-and-mortar retailers that are cleaning up their a","content":"<p>Amazon is one of five that also make the list of those retailers expected to increase sales the fastest</p><p><blockquote>亚马逊是预计销售额增长最快的五家零售商之一</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ff482dd0b98ef3816dcbb572fa188c8\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Analysts polled by FactSet expect shares of Vroom, which sells used cars directly to consumers, to rise 97% over the next 12 months.</span></p><p><blockquote><p class=\"t-img-caption\"><span>FactSet 调查的分析师预计，直接向消费者销售二手车的 Vroom 股价将在未来 12 个月内上涨 97%。</span></p></blockquote></p><p> With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there is money to be made if you focus on innovative sellers and maybe even on traditional brick-and-mortar retailers that are cleaning up their acts.</p><p><blockquote>传统零售商面临如此多的挑战，投资者放弃整个行业是情有可原的。但如果你专注于创新的卖家，甚至是正在清理行为的传统实体零售商，就会赚钱。</blockquote></p><p> Below are two lists of stocks of retailers, broadly defined by FactSet to include specialized companies such as Vroom Inc.&nbsp;and <a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a> , which sell (and buy) used cars online. The first list includes 15 stocks that analysts expect to rise the most over the next year, and the second list shows companies expected to increase their sales the most over the next two years.</p><p><blockquote>以下是两个零售商股票列表，FactSet 的广义定义包括 Vroom Inc. 和<a href=\"https://laohu8.com/S/CVNA\">卡瓦纳公司。</a>，在网上出售（和购买）二手车。第一份名单包括分析师预计明年涨幅最大的 15 只股票，第二份名单显示了预计未来两年销售额增幅最大的公司。</blockquote></p><p> Two retailers that didn't make either list are Macy's Inc.&nbsp;and Target Corp.. Both are worth watching, although investors with shorter-term horizons may find them pricey.</p><p><blockquote>两家没有上榜的零售商是梅西公司和塔吉特公司..两者都值得一看，尽管短期投资者可能会发现它们价格昂贵。</blockquote></p><p> Shares of Macy's had nearly doubled for 2021 through last week. The stock popped 20% on Aug. 19, after the company reported with WHP Global to sell more Toys 'R' Us items in its stores. The stock closed at $22.39 on Aug. 20 -- a penny above the consensus 12-month price target among analysts polled by FactSet. Of course, analysts can change their estimates in light of recent news.</p><p><blockquote>截至上周，梅西百货 2021 年股价几乎翻了一番。8 月 19 日，该公司向 WHP Global 报告将在其商店销售更多玩具反斗城商品后，该股上涨 20%。该股 8 月 20 日收于 22.39 美元，比 FactSet 调查的分析师一致的 12 个月目标价高出 1 美分。当然，分析师可以根据最近的消息改变他们的估计。</blockquote></p><p> Target's stock is up 49% this year. The company also reported a much-improved second quarter . Target's shares closed at $253.40 on Aug. 20, 10% below the consensus price target of $277.66.</p><p><blockquote>塔吉特的股价今年上涨了 49%。该公司还公布了第二季度业绩有了很大改善。Target 股价 8 月 20 日收于 253.40 美元，比 277.66 美元的一致目标价低 10%。</blockquote></p><p> <b>Analysts' favorite retail stocks</b></p><p><blockquote><b>分析师最喜欢的零售股票</b></blockquote></p><p> Starting with the Russell 3000 Index , there are 124 stocks of companies in retail industries, according to FactSet's industry group descriptions. These include online retailers such as Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> and the direct used-auto retailers mentioned above.</p><p><blockquote>根据 FactSet 的行业组描述，从罗素 3000 指数开始，零售行业共有 124 只公司股票。其中包括亚马逊等在线零售商。<a href=\"https://laohu8.com/S/AMZN\">$(亚马逊)$</a>以及上面提到的直接二手车零售商。</blockquote></p><p> Among those stocks, 77 have stock-market values of at least $1 billion, are covered by at least five analysts polled by FactSet and have consensus sales and earnings estimates available through 2023.</p><p><blockquote>在这些股票中，有 77 只股票的市值至少为 10 亿美元，受到 FactSet 调查的至少五名分析师的关注，并且对 2023 年的销售和盈利做出了一致的预测。</blockquote></p><p> Here are the 15 stocks with majority \"buy\" or equivalent ratings that the analysts believe have the most upside potential over the next year:</p><p><blockquote>以下是分析师认为明年最具上涨潜力的 15 只获得“买入”或同等评级的股票：</blockquote></p><p> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Share “buy” ratings</b></td>    <td><b>Closing price – Aug. 20</b></td>    <td><b>Consensus price target</b></td>    <td><b>Implied 12-month upside potential</b></td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>67%</td>    <td>$25.02</td>    <td>$49.25</td>    <td>97%</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>67%</td>    <td>$12.35</td>    <td>$24.31</td>    <td>97%</td>   </tr>   <tr>    <td>Overstock.com Inc.OSTK</td>    <td>100%</td>    <td>$69.58</td>    <td>$127.60</td>    <td>83%</td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>88%</td>    <td>$21.26</td>    <td>$36.00</td>    <td>69%</td>   </tr>   <tr>    <td>Group 1 Automotive Inc.GPI</td>    <td>67%</td>    <td>$159.01</td>    <td>$251.40</td>    <td>58%</td>   </tr>   <tr>    <td>Leslie’s Inc.LESL</td>    <td>75%</td>    <td>$22.59</td>    <td>$32.64</td>    <td>44%</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>64%</td>    <td>$328.51</td>    <td>$468.83</td>    <td>43%</td>   </tr>   <tr>    <td>IAA Inc.IAA</td>    <td>90%</td>    <td>$51.71</td>    <td>$72.38</td>    <td>40%</td>   </tr>   <tr>    <td>Abercrombie &amp; Fitch Co. Class AANF</td>    <td>58%</td>    <td>$38.02</td>    <td>$52.11</td>    <td>37%</td>   </tr>   <tr>    <td>Tapestry Inc.TPR</td>    <td>62%</td>    <td>$40.58</td>    <td>$54.89</td>    <td>35%</td>   </tr>   <tr>    <td>Capri Holdings Ltd.CPRI</td>    <td>61%</td>    <td>$54.33</td>    <td>$72.35</td>    <td>33%</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>56%</td>    <td>$50.25</td>    <td>$65.71</td>    <td>31%</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>98%</td>    <td>$3,199.95</td>    <td>$4,164.30</td>    <td>30%</td>   </tr>   <tr>    <td>Hibbett Inc.HIBB</td>    <td>83%</td>    <td>$85.14</td>    <td>$110.67</td>    <td>30%</td>   </tr>   <tr>    <td>American Eagle Outfitters Inc.AEO</td>    <td>64%</td>    <td>$32.37</td>    <td>$41.31</td>    <td>28%</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody><tr><td><b>公司</b></td><td><b>分享“买入”评级</b></td><td><b>收盘价 – 8 月 20 日</b></td><td><b>共识价格目标</b></td><td><b>隐含 12 个月上行潜力</b></td></tr><tr><td>弗鲁姆公司VRM</td><td>67%</td><td>$25.02</td><td>$49.25</td><td>97%</td></tr><tr><td>RealReal公司REAL</td><td>67%</td><td>$12.35</td><td>$24.31</td><td>97%</td></tr><tr><td>Overstock.com Inc.OSTK</td><td>100%</td><td>$69.58</td><td>$127.60</td><td>83%</td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>88%</td><td>$21.26</td><td>$36.00</td><td>69%</td></tr><tr><td>第一组汽车公司GPI</td><td>67%</td><td>$159.01</td><td>$251.40</td><td>58%</td></tr><tr><td>莱斯利公司</td><td>75%</td><td>$22.59</td><td>$32.64</td><td>44%</td></tr><tr><td>锂汽车公司LAD</td><td>64%</td><td>$328.51</td><td>$468.83</td><td>43%</td></tr><tr><td>IAA公司IAA</td><td>90%</td><td>$51.71</td><td>$72.38</td><td>40%</td></tr><tr><td>Abercrombie &amp; Fitch Co. Class ANF</td><td>58%</td><td>$38.02</td><td>$52.11</td><td>37%</td></tr><tr><td>挂毯公司TPR</td><td>62%</td><td>$40.58</td><td>$54.89</td><td>35%</td></tr><tr><td>卡普里控股有限公司CPRI</td><td>61%</td><td>$54.33</td><td>$72.35</td><td>33%</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>56%</td><td>$50.25</td><td>$65.71</td><td>31%</td></tr><tr><td>亚马逊公司AMZN</td><td>98%</td><td>$3,199.95</td><td>$4,164.30</td><td>30%</td></tr><tr><td>希贝特公司</td><td>83%</td><td>$85.14</td><td>$110.67</td><td>30%</td></tr><tr><td>美国鹰服装公司AEO</td><td>64%</td><td>$32.37</td><td>$41.31</td><td>28%</td></tr></tbody></table>来源：FactSet</blockquote></p><p> Using the same order, here are sales estimates for the group through 2023:</p><p><blockquote>使用相同的顺序，以下是本集团截至 2023 年的销售额估计：</blockquote></p><p></p><p> <table>  <tbody></tbody> </table> <table>  <tbody></tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year sales increase</b></td>    <td><b>Estimated revenue – 2021</b></td>    <td><b>Estimated revenue – 2022</b></td>    <td><b>Estimated revenue – 2023</b></td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>117%</td>    <td>$3,060</td>    <td>$4,514</td>    <td>$6,652</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>65%</td>    <td>$447</td>    <td>$592</td>    <td>$736</td>   </tr>   <tr>    <td>Overstock.com Inc.OSTK</td>    <td>17%</td>    <td>$2,830</td>    <td>$3,186</td>    <td>$3,321</td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>175%</td>    <td>$200</td>    <td>$328</td>    <td>$550</td>   </tr>   <tr>    <td>Group 1 Automotive Inc.GPI</td>    <td>11%</td>    <td>$13,480</td>    <td>$14,680</td>    <td>$15,025</td>   </tr>   <tr>    <td>Leslie’s Inc.LESL</td>    <td>14%</td>    <td>$1,342</td>    <td>$1,442</td>    <td>$1,536</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>41%</td>    <td>$21,902</td>    <td>$26,515</td>    <td>$30,801</td>   </tr>   <tr>    <td>IAA Inc.IAA</td>    <td>15%</td>    <td>$1,706</td>    <td>$1,781</td>    <td>$1,962</td>   </tr>   <tr>    <td>Abercrombie &amp; Fitch Co. Class AANF</td>    <td>4%</td>    <td>$3,680</td>    <td>$3,847</td>    <td>$3,841</td>   </tr>   <tr>    <td>Tapestry Inc.TPR</td>    <td>11%</td>    <td>$6,066</td>    <td>$6,531</td>    <td>$6,725</td>   </tr>   <tr>    <td>Capri Holdings Ltd.CPRI</td>    <td>24%</td>    <td>$5,017</td>    <td>$5,752</td>    <td>$6,205</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>34%</td>    <td>$12,390</td>    <td>$14,196</td>    <td>$16,569</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>38%</td>    <td>$476,170</td>    <td>$563,466</td>    <td>$657,295</td>   </tr>   <tr>    <td>Hibbett Inc.HIBB</td>    <td>13%</td>    <td>$1,504</td>    <td>$1,581</td>    <td>$1,706</td>   </tr>   <tr>    <td>American Eagle Outfitters Inc.AEO</td>    <td>17%</td>    <td>$4,917</td>    <td>$5,355</td>    <td>$5,742</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody></tbody></table><table><tbody></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年销售额增长</b></td><td><b>估计收入-2021</b></td><td><b>预计收入-2022</b></td><td><b>预计收入 – 2023</b></td></tr><tr><td>弗鲁姆公司VRM</td><td>117%</td><td>$3,060</td><td>$4,514</td><td>$6,652</td></tr><tr><td>RealReal公司REAL</td><td>65%</td><td>$447</td><td>$592</td><td>$736</td></tr><tr><td>Overstock.com Inc.OSTK</td><td>17%</td><td>$2,830</td><td>$3,186</td><td>$3,321</td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>175%</td><td>$200</td><td>$328</td><td>$550</td></tr><tr><td>第一组汽车公司GPI</td><td>11%</td><td>$13,480</td><td>$14,680</td><td>$15,025</td></tr><tr><td>莱斯利公司</td><td>14%</td><td>$1,342</td><td>$1,442</td><td>$1,536</td></tr><tr><td>锂汽车公司LAD</td><td>41%</td><td>$21,902</td><td>$26,515</td><td>$30,801</td></tr><tr><td>IAA公司IAA</td><td>15%</td><td>$1,706</td><td>$1,781</td><td>$1,962</td></tr><tr><td>Abercrombie &amp; Fitch Co. Class ANF</td><td>4%</td><td>$3,680</td><td>$3,847</td><td>$3,841</td></tr><tr><td>挂毯公司TPR</td><td>11%</td><td>$6,066</td><td>$6,531</td><td>$6,725</td></tr><tr><td>卡普里控股有限公司CPRI</td><td>24%</td><td>$5,017</td><td>$5,752</td><td>$6,205</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>34%</td><td>$12,390</td><td>$14,196</td><td>$16,569</td></tr><tr><td>亚马逊公司AMZN</td><td>38%</td><td>$476,170</td><td>$563,466</td><td>$657,295</td></tr><tr><td>希贝特公司</td><td>13%</td><td>$1,504</td><td>$1,581</td><td>$1,706</td></tr><tr><td>美国鹰服装公司AEO</td><td>17%</td><td>$4,917</td><td>$5,355</td><td>$5,742</td></tr></tbody></table>来源：FactSet</blockquote></p><p> The estimates are for calendar years, but note that many retailers' fiscal years don't match the calendar.</p><p><blockquote>这些估计值是针对日历年的，但请注意，许多零售商的财政年度与日历不符。</blockquote></p><p> Also using the same list, here are estimates for earnings per share through 2023:</p><p><blockquote>同样使用相同的列表，以下是到 2023 年每股收益的估计：</blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year EPS change</b></td>    <td><b>Estimated EPS – 2021</b></td>    <td><b>Estimated EPS – 2022</b></td>    <td><b>Estimated EPS – 2023</b></td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>N/A</td>    <td>-$2.50</td>    <td>-$2.45</td>    <td>-$2.24</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>N/A</td>    <td>-$2.05</td>    <td>-$1.35</td>    <td>-$1.00</td>   </tr>   <tr>    <td>Overstock.com Inc.OSTK</td>    <td>-4%</td>    <td>$2.56</td>    <td>$2.73</td>    <td>$2.46</td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>N/A</td>    <td>-$1.23</td>    <td>-$0.42</td>    <td>-$0.23</td>   </tr>   <tr>    <td>Group 1 Automotive Inc.GPI</td>    <td>-19%</td>    <td>$30.30</td>    <td>$28.09</td>    <td>$24.61</td>   </tr>   <tr>    <td>Leslie’s Inc.LESL</td>    <td>16%</td>    <td>$0.85</td>    <td>$0.90</td>    <td>$0.98</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>-2%</td>    <td>$33.22</td>    <td>$31.61</td>    <td>$32.59</td>   </tr>   <tr>    <td>IAA Inc.IAA</td>    <td>19%</td>    <td>$2.33</td>    <td>$2.44</td>    <td>$2.76</td>   </tr>   <tr>    <td>Abercrombie &amp; Fitch Co. Class AANF</td>    <td>-10%</td>    <td>$3.16</td>    <td>$3.18</td>    <td>$2.85</td>   </tr>   <tr>    <td>Tapestry Inc.TPR</td>    <td>22%</td>    <td>$3.17</td>    <td>$3.55</td>    <td>$3.85</td>   </tr>   <tr>    <td>Capri Holdings Ltd.CPRI</td>    <td>53%</td>    <td>$3.93</td>    <td>$5.17</td>    <td>$5.99</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>7%</td>    <td>$7.03</td>    <td>$7.37</td>    <td>$7.52</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>74%</td>    <td>$53.15</td>    <td>$67.39</td>    <td>$92.34</td>   </tr>   <tr>    <td>Hibbett Inc.HIBB</td>    <td>13%</td>    <td>$8.89</td>    <td>$8.88</td>    <td>$10.04</td>   </tr>   <tr>    <td>American Eagle Outfitters Inc.AEO</td>    <td>34%</td>    <td>$1.97</td>    <td>$2.33</td>    <td>$2.63</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年每股收益变化</b></td><td><b>预计每股收益 – 2021</b></td><td><b>预计每股收益 – 2022</b></td><td><b>预计每股收益 – 2023</b></td></tr><tr><td>弗鲁姆公司VRM</td><td>不适用</td><td>-$2.50</td><td>-$2.45</td><td>-$2.24</td></tr><tr><td>RealReal公司REAL</td><td>不适用</td><td>-$2.05</td><td>-$1.35</td><td>-$1.00</td></tr><tr><td>Overstock.com Inc.OSTK</td><td>-4%</td><td>$2.56</td><td>$2.73</td><td>$2.46</td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>不适用</td><td>-$1.23</td><td>-$0.42</td><td>-$0.23</td></tr><tr><td>第一组汽车公司GPI</td><td>-19%</td><td>$30.30</td><td>$28.09</td><td>$24.61</td></tr><tr><td>莱斯利公司</td><td>16%</td><td>$0.85</td><td>$0.90</td><td>$0.98</td></tr><tr><td>锂汽车公司LAD</td><td>-2%</td><td>$33.22</td><td>$31.61</td><td>$32.59</td></tr><tr><td>IAA公司IAA</td><td>19%</td><td>$2.33</td><td>$2.44</td><td>$2.76</td></tr><tr><td>Abercrombie &amp; Fitch Co. Class ANF</td><td>-10%</td><td>$3.16</td><td>$3.18</td><td>$2.85</td></tr><tr><td>挂毯公司TPR</td><td>22%</td><td>$3.17</td><td>$3.55</td><td>$3.85</td></tr><tr><td>卡普里控股有限公司CPRI</td><td>53%</td><td>$3.93</td><td>$5.17</td><td>$5.99</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>7%</td><td>$7.03</td><td>$7.37</td><td>$7.52</td></tr><tr><td>亚马逊公司AMZN</td><td>74%</td><td>$53.15</td><td>$67.39</td><td>$92.34</td></tr><tr><td>希贝特公司</td><td>13%</td><td>$8.89</td><td>$8.88</td><td>$10.04</td></tr><tr><td>美国鹰服装公司AEO</td><td>34%</td><td>$1.97</td><td>$2.33</td><td>$2.63</td></tr></tbody></table>来源：FactSet</blockquote></p><p> For three of the companies, the expected two-year change in EPS is \"N/A\" because estimated earnings for 2021 or 2023, or both, are negative.</p><p><blockquote>对于其中三家公司来说，每股收益的预期两年变化为“不适用”，因为 2021 年或 2023 年或两者的预计收益均为负值。</blockquote></p><p> <b>Fastest expected sales increases</b></p><p><blockquote><b>预期销售额增长最快</b></blockquote></p><p> Starting again with the 77 retailers that have market capitalizations of at least $1 billion and are covered by at least five analysts polled by FactSet, here are the 15 expected to increase their sales the most over the next two years:</p><p><blockquote>再次从 FactSet 调查的至少五位分析师涵盖的 77 家市值至少为 10 亿美元的零售商开始，以下是预计未来两年销售额增幅最大的 15 家零售商：</blockquote></p><p></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year sales increase</b></td>    <td><b>Estimated revenue – 2021</b></td>    <td><b>Estimated revenue – 2022</b></td>    <td><b>Estimated revenue – 2023</b></td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>175%</td>    <td>$200</td>    <td>$328</td>    <td>$550</td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>117%</td>    <td>$3,060</td>    <td>$4,514</td>    <td>$6,652</td>   </tr>   <tr>    <td>Carvana Co. Class ACVNA</td>    <td>76%</td>    <td>$11,775</td>    <td>$15,468</td>    <td>$20,680</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>65%</td>    <td>$447</td>    <td>$592</td>    <td>$736</td>   </tr>   <tr>    <td>Revolve Group, Inc Class ARVLV</td>    <td>47%</td>    <td>$818</td>    <td>$1,004</td>    <td>$1,206</td>   </tr>   <tr>    <td>Etsy Inc.ETSY</td>    <td>47%</td>    <td>$2,280</td>    <td>$2,747</td>    <td>$3,351</td>   </tr>   <tr>    <td>Floor &amp; Decor Holdings Inc. Class AFND</td>    <td>46%</td>    <td>$3,339</td>    <td>$4,007</td>    <td>$4,874</td>   </tr>   <tr>    <td>Five Below Inc.FIVE</td>    <td>41%</td>    <td>$2,717</td>    <td>$3,264</td>    <td>$3,841</td>   </tr>   <tr>    <td>Stitch Fix Inc. Class ASFIX</td>    <td>41%</td>    <td>$2,240</td>    <td>$2,622</td>    <td>$3,161</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>41%</td>    <td>$21,902</td>    <td>$26,515</td>    <td>$30,801</td>   </tr>   <tr>    <td>Wayfair Inc. Class AW</td>    <td>39%</td>    <td>$14,393</td>    <td>$17,228</td>    <td>$20,049</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>38%</td>    <td>$476,170</td>    <td>$563,466</td>    <td>$657,295</td>   </tr>   <tr>    <td>Lululemon Athletica Inc.LULU</td>    <td>37%</td>    <td>$5,804</td>    <td>$6,877</td>    <td>$7,963</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>34%</td>    <td>$12,390</td>    <td>$14,196</td>    <td>$16,569</td>   </tr>   <tr>    <td>Ollie’s Bargain Outlet Holdings Inc.OLLI</td>    <td>26%</td>    <td>$1,868</td>    <td>$2,088</td>    <td>$2,363</td>   </tr>  </tbody> </table> Source: FacSet</p><p><blockquote><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年销售额增长</b></td><td><b>估计收入-2021</b></td><td><b>预计收入-2022</b></td><td><b>预计收入 – 2023</b></td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>175%</td><td>$200</td><td>$328</td><td>$550</td></tr><tr><td>弗鲁姆公司VRM</td><td>117%</td><td>$3,060</td><td>$4,514</td><td>$6,652</td></tr><tr><td>Carvana Co. 级 ACVNA</td><td>76%</td><td>$11,775</td><td>$15,468</td><td>$20,680</td></tr><tr><td>RealReal公司REAL</td><td>65%</td><td>$447</td><td>$592</td><td>$736</td></tr><tr><td>Revolve Group, Inc 类别 ARVLV</td><td>47%</td><td>$818</td><td>$1,004</td><td>$1,206</td></tr><tr><td>Etsy公司</td><td>47%</td><td>$2,280</td><td>$2,747</td><td>$3,351</td></tr><tr><td>地板与装饰控股公司 AFND 类</td><td>46%</td><td>$3,339</td><td>$4,007</td><td>$4,874</td></tr><tr><td>五以下公司五</td><td>41%</td><td>$2,717</td><td>$3,264</td><td>$3,841</td></tr><tr><td>Stitch Fix Inc. Class ASFIX</td><td>41%</td><td>$2,240</td><td>$2,622</td><td>$3,161</td></tr><tr><td>锂汽车公司LAD</td><td>41%</td><td>$21,902</td><td>$26,515</td><td>$30,801</td></tr><tr><td>Wayfair Inc. AW 级</td><td>39%</td><td>$14,393</td><td>$17,228</td><td>$20,049</td></tr><tr><td>亚马逊公司AMZN</td><td>38%</td><td>$476,170</td><td>$563,466</td><td>$657,295</td></tr><tr><td>露露柠檬运动公司露露</td><td>37%</td><td>$5,804</td><td>$6,877</td><td>$7,963</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>34%</td><td>$12,390</td><td>$14,196</td><td>$16,569</td></tr><tr><td>奥利特价奥特莱斯控股公司</td><td>26%</td><td>$1,868</td><td>$2,088</td><td>$2,363</td></tr></tbody></table>资料来源：FacSet</blockquote></p><p> Only five companies make both this list and that with the most implied upside potential for their stock price: ChargePoint Holdings Inc. (CHPT), Vroom, RealReal Inc. <a href=\"https://laohu8.com/S/REAL\">$(REAL)$</a>, Lithia Motors Inc. <a href=\"https://laohu8.com/S/LAD\">$(LAD)$</a>, Amazon and Sonic Automotive Inc. <a href=\"https://laohu8.com/S/SAH\">$(SAH)$</a>.</p><p><blockquote>只有五家公司同时上榜，其股价潜力最大：ChargePoint Holdings Inc. (CHPT)、Vroom、RealReal Inc。<a href=\"https://laohu8.com/S/REAL\">$(实)$</a>利西亚汽车公司。<a href=\"https://laohu8.com/S/LAD\">$(小伙子)$</a>、亚马逊和索尼克汽车公司。<a href=\"https://laohu8.com/S/SAH\">$(时间)$</a>.</blockquote></p><p> Here are EPS estimates for the list of best expected sales growers, using the same order as those with the fastest expected sales growth:</p><p><blockquote>以下是最佳预期销售增长者名单的每股收益估计值，使用与预期销售增长最快的公司相同的顺序：</blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year earnings increase</b></td>    <td><b>Estimated EPS – 2021</b></td>    <td><b>Estimated EPS – 2022</b></td>    <td><b>Estimated EPS – 2023</b></td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>N/A</td>    <td>-$1.23</td>    <td>-$0.42</td>    <td>-$0.23</td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>N/A</td>    <td>-$2.50</td>    <td>-$2.45</td>    <td>-$2.24</td>   </tr>   <tr>    <td>Carvana Co. Class ACVNA</td>    <td>N/A</td>    <td>-$1.12</td>    <td>-$0.30</td>    <td>$1.70</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>N/A</td>    <td>-$2.05</td>    <td>-$1.35</td>    <td>-$1.00</td>   </tr>   <tr>    <td>Revolve Group, Inc Class ARVLV</td>    <td>46%</td>    <td>$1.02</td>    <td>$1.19</td>    <td>$1.49</td>   </tr>   <tr>    <td>Etsy Inc.ETSY</td>    <td>62%</td>    <td>$3.03</td>    <td>$3.52</td>    <td>$4.90</td>   </tr>   <tr>    <td>Floor &amp; Decor Holdings Inc. Class AFND</td>    <td>45%</td>    <td>$2.46</td>    <td>$2.88</td>    <td>$3.56</td>   </tr>   <tr>    <td>Five Below Inc.FIVE</td>    <td>45%</td>    <td>$4.57</td>    <td>$5.60</td>    <td>$6.64</td>   </tr>   <tr>    <td>Stitch Fix Inc. Class ASFIX</td>    <td>N/A</td>    <td>-$0.42</td>    <td>-$0.24</td>    <td>$0.43</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>-2%</td>    <td>$33.22</td>    <td>$31.61</td>    <td>$32.59</td>   </tr>   <tr>    <td>Wayfair Inc. Class AW</td>    <td>113%</td>    <td>$3.27</td>    <td>$4.74</td>    <td>$6.97</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>74%</td>    <td>$53.15</td>    <td>$67.39</td>    <td>$92.34</td>   </tr>   <tr>    <td>Lululemon Athletica Inc.LULU</td>    <td>50%</td>    <td>$6.73</td>    <td>$8.33</td>    <td>$10.08</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>7%</td>    <td>$7.03</td>    <td>$7.37</td>    <td>$7.52</td>   </tr>   <tr>    <td>Ollie’s Bargain Outlet Holdings Inc.OLLI</td>    <td>23%</td>    <td>$2.93</td>    <td>$3.24</td>    <td>$3.61</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年盈利增长</b></td><td><b>预计每股收益 – 2021</b></td><td><b>预计每股收益 – 2022</b></td><td><b>预计每股收益 – 2023</b></td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>不适用</td><td>-$1.23</td><td>-$0.42</td><td>-$0.23</td></tr><tr><td>弗鲁姆公司VRM</td><td>不适用</td><td>-$2.50</td><td>-$2.45</td><td>-$2.24</td></tr><tr><td>Carvana Co. 级 ACVNA</td><td>不适用</td><td>-$1.12</td><td>-$0.30</td><td>$1.70</td></tr><tr><td>RealReal公司REAL</td><td>不适用</td><td>-$2.05</td><td>-$1.35</td><td>-$1.00</td></tr><tr><td>Revolve Group, Inc 类别 ARVLV</td><td>46%</td><td>$1.02</td><td>$1.19</td><td>$1.49</td></tr><tr><td>Etsy公司</td><td>62%</td><td>$3.03</td><td>$3.52</td><td>$4.90</td></tr><tr><td>地板与装饰控股公司 AFND 类</td><td>45%</td><td>$2.46</td><td>$2.88</td><td>$3.56</td></tr><tr><td>五以下公司五</td><td>45%</td><td>$4.57</td><td>$5.60</td><td>$6.64</td></tr><tr><td>Stitch Fix Inc. Class ASFIX</td><td>不适用</td><td>-$0.42</td><td>-$0.24</td><td>$0.43</td></tr><tr><td>锂汽车公司LAD</td><td>-2%</td><td>$33.22</td><td>$31.61</td><td>$32.59</td></tr><tr><td>Wayfair Inc. AW 级</td><td>113%</td><td>$3.27</td><td>$4.74</td><td>$6.97</td></tr><tr><td>亚马逊公司AMZN</td><td>74%</td><td>$53.15</td><td>$67.39</td><td>$92.34</td></tr><tr><td>露露柠檬运动公司露露</td><td>50%</td><td>$6.73</td><td>$8.33</td><td>$10.08</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>7%</td><td>$7.03</td><td>$7.37</td><td>$7.52</td></tr><tr><td>奥利特价奥特莱斯控股公司</td><td>23%</td><td>$2.93</td><td>$3.24</td><td>$3.61</td></tr></tbody></table>来源：FactSet</blockquote></p><p></p><p> Here’s a summary of analysts’ opinion about the list of best expected sales growers, also in the same order:</p><p><blockquote>以下是分析师对最佳预期销售额种植者名单的看法摘要，顺序也相同：</blockquote></p><p> <table>  <tbody></tbody> </table> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Share “buy” ratings</b></td>    <td><b>Closing price – Aug. 20</b></td>    <td><b>Consensus price target</b></td>    <td><b>Implied 12-month upside potential</b></td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>88%</td>    <td>$21.26</td>    <td>$36.00</td>    <td>69%</td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>67%</td>    <td>$25.02</td>    <td>$49.25</td>    <td>97%</td>   </tr>   <tr>    <td>Carvana Co. Class ACVNA</td>    <td>58%</td>    <td>$349.76</td>    <td>$379.09</td>    <td>8%</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>67%</td>    <td>$12.35</td>    <td>$24.31</td>    <td>97%</td>   </tr>   <tr>    <td>Revolve Group, Inc Class ARVLV</td>    <td>71%</td>    <td>$57.68</td>    <td>$70.67</td>    <td>23%</td>   </tr>   <tr>    <td>Etsy Inc.ETSY</td>    <td>76%</td>    <td>$199.27</td>    <td>$215.93</td>    <td>8%</td>   </tr>   <tr>    <td>Floor &amp; Decor Holdings Inc. Class AFND</td>    <td>87%</td>    <td>$117.75</td>    <td>$136.36</td>    <td>16%</td>   </tr>   <tr>    <td>Five Below Inc.FIVE</td>    <td>67%</td>    <td>$225.11</td>    <td>$232.70</td>    <td>3%</td>   </tr>   <tr>    <td>Stitch Fix Inc. Class ASFIX</td>    <td>38%</td>    <td>$39.71</td>    <td>$62.13</td>    <td>56%</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>64%</td>    <td>$328.51</td>    <td>$468.83</td>    <td>43%</td>   </tr>   <tr>    <td>Wayfair Inc. Class AW</td>    <td>50%</td>    <td>$290.52</td>    <td>$324.64</td>    <td>12%</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>98%</td>    <td>$3,199.95</td>    <td>$4,164.30</td>    <td>30%</td>   </tr>   <tr>    <td>Lululemon Athletica Inc.LULU</td>    <td>67%</td>    <td>$397.83</td>    <td>$401.63</td>    <td>1%</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>56%</td>    <td>$50.25</td>    <td>$65.71</td>    <td>31%</td>   </tr>   <tr>    <td>Ollie’s Bargain Outlet Holdings Inc.OLLI</td>    <td>50%</td>    <td>$82.70</td>    <td>$98.00</td>    <td>19%</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody></tbody></table><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>分享“买入”评级</b></td><td><b>收盘价 – 8 月 20 日</b></td><td><b>共识价格目标</b></td><td><b>隐含 12 个月上涨潜力</b></td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>88%</td><td>$21.26</td><td>$36.00</td><td>69%</td></tr><tr><td>弗鲁姆公司VRM</td><td>67%</td><td>$25.02</td><td>$49.25</td><td>97%</td></tr><tr><td>Carvana Co. 级 ACVNA</td><td>58%</td><td>$349.76</td><td>$379.09</td><td>8%</td></tr><tr><td>RealReal公司REAL</td><td>67%</td><td>$12.35</td><td>$24.31</td><td>97%</td></tr><tr><td>Revolve Group, Inc 类别 ARVLV</td><td>71%</td><td>$57.68</td><td>$70.67</td><td>23%</td></tr><tr><td>Etsy公司</td><td>76%</td><td>$199.27</td><td>$215.93</td><td>8%</td></tr><tr><td>地板与装饰控股公司 AFND 类</td><td>87%</td><td>$117.75</td><td>$136.36</td><td>16%</td></tr><tr><td>五以下公司五</td><td>67%</td><td>$225.11</td><td>$232.70</td><td>3%</td></tr><tr><td>Stitch Fix Inc. Class ASFIX</td><td>38%</td><td>$39.71</td><td>$62.13</td><td>56%</td></tr><tr><td>锂汽车公司LAD</td><td>64%</td><td>$328.51</td><td>$468.83</td><td>43%</td></tr><tr><td>Wayfair Inc. AW 级</td><td>50%</td><td>$290.52</td><td>$324.64</td><td>12%</td></tr><tr><td>亚马逊公司AMZN</td><td>98%</td><td>$3,199.95</td><td>$4,164.30</td><td>30%</td></tr><tr><td>露露柠檬运动公司露露</td><td>67%</td><td>$397.83</td><td>$401.63</td><td>1%</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>56%</td><td>$50.25</td><td>$65.71</td><td>31%</td></tr><tr><td>奥利特价奥特莱斯控股公司</td><td>50%</td><td>$82.70</td><td>$98.00</td><td>19%</td></tr></tbody></table>来源：FactSet</blockquote></p><p> <table>  <tbody></tbody> </table> If you see any stocks of interest here, you should do your own research and form your own opinion about the companies’ long-term strategies before considering an investment.</p><p><blockquote><table><tbody></tbody></table>如果您在这里看到任何感兴趣的股票，在考虑投资之前，您应该自己做研究，并对公司的长期战略形成自己的看法。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 15 stocks of retailers are expected to rise up to 97% over the next year<blockquote>这15只零售商股票预计明年将上涨97%</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\">\nThese 15 stocks of retailers are expected to rise up to 97% over the next year<blockquote>这15只零售商股票预计明年将上涨97%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-24 15:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon is one of five that also make the list of those retailers expected to increase sales the fastest</p><p><blockquote>亚马逊是预计销售额增长最快的五家零售商之一</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ff482dd0b98ef3816dcbb572fa188c8\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Analysts polled by FactSet expect shares of Vroom, which sells used cars directly to consumers, to rise 97% over the next 12 months.</span></p><p><blockquote><p class=\"t-img-caption\"><span>FactSet 调查的分析师预计，直接向消费者销售二手车的 Vroom 股价将在未来 12 个月内上涨 97%。</span></p></blockquote></p><p> With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there is money to be made if you focus on innovative sellers and maybe even on traditional brick-and-mortar retailers that are cleaning up their acts.</p><p><blockquote>传统零售商面临如此多的挑战，投资者放弃整个行业是情有可原的。但如果你专注于创新的卖家，甚至是正在清理行为的传统实体零售商，就会赚钱。</blockquote></p><p> Below are two lists of stocks of retailers, broadly defined by FactSet to include specialized companies such as Vroom Inc.&nbsp;and <a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a> , which sell (and buy) used cars online. The first list includes 15 stocks that analysts expect to rise the most over the next year, and the second list shows companies expected to increase their sales the most over the next two years.</p><p><blockquote>以下是两个零售商股票列表，FactSet 的广义定义包括 Vroom Inc. 和<a href=\"https://laohu8.com/S/CVNA\">卡瓦纳公司。</a>，在网上出售（和购买）二手车。第一份名单包括分析师预计明年涨幅最大的 15 只股票，第二份名单显示了预计未来两年销售额增幅最大的公司。</blockquote></p><p> Two retailers that didn't make either list are Macy's Inc.&nbsp;and Target Corp.. Both are worth watching, although investors with shorter-term horizons may find them pricey.</p><p><blockquote>两家没有上榜的零售商是梅西公司和塔吉特公司..两者都值得一看，尽管短期投资者可能会发现它们价格昂贵。</blockquote></p><p> Shares of Macy's had nearly doubled for 2021 through last week. The stock popped 20% on Aug. 19, after the company reported with WHP Global to sell more Toys 'R' Us items in its stores. The stock closed at $22.39 on Aug. 20 -- a penny above the consensus 12-month price target among analysts polled by FactSet. Of course, analysts can change their estimates in light of recent news.</p><p><blockquote>截至上周，梅西百货 2021 年股价几乎翻了一番。8 月 19 日，该公司向 WHP Global 报告将在其商店销售更多玩具反斗城商品后，该股上涨 20%。该股 8 月 20 日收于 22.39 美元，比 FactSet 调查的分析师一致的 12 个月目标价高出 1 美分。当然，分析师可以根据最近的消息改变他们的估计。</blockquote></p><p> Target's stock is up 49% this year. The company also reported a much-improved second quarter . Target's shares closed at $253.40 on Aug. 20, 10% below the consensus price target of $277.66.</p><p><blockquote>塔吉特的股价今年上涨了 49%。该公司还公布了第二季度业绩有了很大改善。Target 股价 8 月 20 日收于 253.40 美元，比 277.66 美元的一致目标价低 10%。</blockquote></p><p> <b>Analysts' favorite retail stocks</b></p><p><blockquote><b>分析师最喜欢的零售股票</b></blockquote></p><p> Starting with the Russell 3000 Index , there are 124 stocks of companies in retail industries, according to FactSet's industry group descriptions. These include online retailers such as Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> and the direct used-auto retailers mentioned above.</p><p><blockquote>根据 FactSet 的行业组描述，从罗素 3000 指数开始，零售行业共有 124 只公司股票。其中包括亚马逊等在线零售商。<a href=\"https://laohu8.com/S/AMZN\">$(亚马逊)$</a>以及上面提到的直接二手车零售商。</blockquote></p><p> Among those stocks, 77 have stock-market values of at least $1 billion, are covered by at least five analysts polled by FactSet and have consensus sales and earnings estimates available through 2023.</p><p><blockquote>在这些股票中，有 77 只股票的市值至少为 10 亿美元，受到 FactSet 调查的至少五名分析师的关注，并且对 2023 年的销售和盈利做出了一致的预测。</blockquote></p><p> Here are the 15 stocks with majority \"buy\" or equivalent ratings that the analysts believe have the most upside potential over the next year:</p><p><blockquote>以下是分析师认为明年最具上涨潜力的 15 只获得“买入”或同等评级的股票：</blockquote></p><p> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Share “buy” ratings</b></td>    <td><b>Closing price – Aug. 20</b></td>    <td><b>Consensus price target</b></td>    <td><b>Implied 12-month upside potential</b></td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>67%</td>    <td>$25.02</td>    <td>$49.25</td>    <td>97%</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>67%</td>    <td>$12.35</td>    <td>$24.31</td>    <td>97%</td>   </tr>   <tr>    <td>Overstock.com Inc.OSTK</td>    <td>100%</td>    <td>$69.58</td>    <td>$127.60</td>    <td>83%</td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>88%</td>    <td>$21.26</td>    <td>$36.00</td>    <td>69%</td>   </tr>   <tr>    <td>Group 1 Automotive Inc.GPI</td>    <td>67%</td>    <td>$159.01</td>    <td>$251.40</td>    <td>58%</td>   </tr>   <tr>    <td>Leslie’s Inc.LESL</td>    <td>75%</td>    <td>$22.59</td>    <td>$32.64</td>    <td>44%</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>64%</td>    <td>$328.51</td>    <td>$468.83</td>    <td>43%</td>   </tr>   <tr>    <td>IAA Inc.IAA</td>    <td>90%</td>    <td>$51.71</td>    <td>$72.38</td>    <td>40%</td>   </tr>   <tr>    <td>Abercrombie &amp; Fitch Co. Class AANF</td>    <td>58%</td>    <td>$38.02</td>    <td>$52.11</td>    <td>37%</td>   </tr>   <tr>    <td>Tapestry Inc.TPR</td>    <td>62%</td>    <td>$40.58</td>    <td>$54.89</td>    <td>35%</td>   </tr>   <tr>    <td>Capri Holdings Ltd.CPRI</td>    <td>61%</td>    <td>$54.33</td>    <td>$72.35</td>    <td>33%</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>56%</td>    <td>$50.25</td>    <td>$65.71</td>    <td>31%</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>98%</td>    <td>$3,199.95</td>    <td>$4,164.30</td>    <td>30%</td>   </tr>   <tr>    <td>Hibbett Inc.HIBB</td>    <td>83%</td>    <td>$85.14</td>    <td>$110.67</td>    <td>30%</td>   </tr>   <tr>    <td>American Eagle Outfitters Inc.AEO</td>    <td>64%</td>    <td>$32.37</td>    <td>$41.31</td>    <td>28%</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody><tr><td><b>公司</b></td><td><b>分享“买入”评级</b></td><td><b>收盘价 – 8 月 20 日</b></td><td><b>共识价格目标</b></td><td><b>隐含 12 个月上行潜力</b></td></tr><tr><td>弗鲁姆公司VRM</td><td>67%</td><td>$25.02</td><td>$49.25</td><td>97%</td></tr><tr><td>RealReal公司REAL</td><td>67%</td><td>$12.35</td><td>$24.31</td><td>97%</td></tr><tr><td>Overstock.com Inc.OSTK</td><td>100%</td><td>$69.58</td><td>$127.60</td><td>83%</td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>88%</td><td>$21.26</td><td>$36.00</td><td>69%</td></tr><tr><td>第一组汽车公司GPI</td><td>67%</td><td>$159.01</td><td>$251.40</td><td>58%</td></tr><tr><td>莱斯利公司</td><td>75%</td><td>$22.59</td><td>$32.64</td><td>44%</td></tr><tr><td>锂汽车公司LAD</td><td>64%</td><td>$328.51</td><td>$468.83</td><td>43%</td></tr><tr><td>IAA公司IAA</td><td>90%</td><td>$51.71</td><td>$72.38</td><td>40%</td></tr><tr><td>Abercrombie &amp; Fitch Co. Class ANF</td><td>58%</td><td>$38.02</td><td>$52.11</td><td>37%</td></tr><tr><td>挂毯公司TPR</td><td>62%</td><td>$40.58</td><td>$54.89</td><td>35%</td></tr><tr><td>卡普里控股有限公司CPRI</td><td>61%</td><td>$54.33</td><td>$72.35</td><td>33%</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>56%</td><td>$50.25</td><td>$65.71</td><td>31%</td></tr><tr><td>亚马逊公司AMZN</td><td>98%</td><td>$3,199.95</td><td>$4,164.30</td><td>30%</td></tr><tr><td>希贝特公司</td><td>83%</td><td>$85.14</td><td>$110.67</td><td>30%</td></tr><tr><td>美国鹰服装公司AEO</td><td>64%</td><td>$32.37</td><td>$41.31</td><td>28%</td></tr></tbody></table>来源：FactSet</blockquote></p><p> Using the same order, here are sales estimates for the group through 2023:</p><p><blockquote>使用相同的顺序，以下是本集团截至 2023 年的销售额估计：</blockquote></p><p></p><p> <table>  <tbody></tbody> </table> <table>  <tbody></tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year sales increase</b></td>    <td><b>Estimated revenue – 2021</b></td>    <td><b>Estimated revenue – 2022</b></td>    <td><b>Estimated revenue – 2023</b></td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>117%</td>    <td>$3,060</td>    <td>$4,514</td>    <td>$6,652</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>65%</td>    <td>$447</td>    <td>$592</td>    <td>$736</td>   </tr>   <tr>    <td>Overstock.com Inc.OSTK</td>    <td>17%</td>    <td>$2,830</td>    <td>$3,186</td>    <td>$3,321</td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>175%</td>    <td>$200</td>    <td>$328</td>    <td>$550</td>   </tr>   <tr>    <td>Group 1 Automotive Inc.GPI</td>    <td>11%</td>    <td>$13,480</td>    <td>$14,680</td>    <td>$15,025</td>   </tr>   <tr>    <td>Leslie’s Inc.LESL</td>    <td>14%</td>    <td>$1,342</td>    <td>$1,442</td>    <td>$1,536</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>41%</td>    <td>$21,902</td>    <td>$26,515</td>    <td>$30,801</td>   </tr>   <tr>    <td>IAA Inc.IAA</td>    <td>15%</td>    <td>$1,706</td>    <td>$1,781</td>    <td>$1,962</td>   </tr>   <tr>    <td>Abercrombie &amp; Fitch Co. Class AANF</td>    <td>4%</td>    <td>$3,680</td>    <td>$3,847</td>    <td>$3,841</td>   </tr>   <tr>    <td>Tapestry Inc.TPR</td>    <td>11%</td>    <td>$6,066</td>    <td>$6,531</td>    <td>$6,725</td>   </tr>   <tr>    <td>Capri Holdings Ltd.CPRI</td>    <td>24%</td>    <td>$5,017</td>    <td>$5,752</td>    <td>$6,205</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>34%</td>    <td>$12,390</td>    <td>$14,196</td>    <td>$16,569</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>38%</td>    <td>$476,170</td>    <td>$563,466</td>    <td>$657,295</td>   </tr>   <tr>    <td>Hibbett Inc.HIBB</td>    <td>13%</td>    <td>$1,504</td>    <td>$1,581</td>    <td>$1,706</td>   </tr>   <tr>    <td>American Eagle Outfitters Inc.AEO</td>    <td>17%</td>    <td>$4,917</td>    <td>$5,355</td>    <td>$5,742</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody></tbody></table><table><tbody></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年销售额增长</b></td><td><b>估计收入-2021</b></td><td><b>预计收入-2022</b></td><td><b>预计收入 – 2023</b></td></tr><tr><td>弗鲁姆公司VRM</td><td>117%</td><td>$3,060</td><td>$4,514</td><td>$6,652</td></tr><tr><td>RealReal公司REAL</td><td>65%</td><td>$447</td><td>$592</td><td>$736</td></tr><tr><td>Overstock.com Inc.OSTK</td><td>17%</td><td>$2,830</td><td>$3,186</td><td>$3,321</td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>175%</td><td>$200</td><td>$328</td><td>$550</td></tr><tr><td>第一组汽车公司GPI</td><td>11%</td><td>$13,480</td><td>$14,680</td><td>$15,025</td></tr><tr><td>莱斯利公司</td><td>14%</td><td>$1,342</td><td>$1,442</td><td>$1,536</td></tr><tr><td>锂汽车公司LAD</td><td>41%</td><td>$21,902</td><td>$26,515</td><td>$30,801</td></tr><tr><td>IAA公司IAA</td><td>15%</td><td>$1,706</td><td>$1,781</td><td>$1,962</td></tr><tr><td>Abercrombie &amp; Fitch Co. Class ANF</td><td>4%</td><td>$3,680</td><td>$3,847</td><td>$3,841</td></tr><tr><td>挂毯公司TPR</td><td>11%</td><td>$6,066</td><td>$6,531</td><td>$6,725</td></tr><tr><td>卡普里控股有限公司CPRI</td><td>24%</td><td>$5,017</td><td>$5,752</td><td>$6,205</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>34%</td><td>$12,390</td><td>$14,196</td><td>$16,569</td></tr><tr><td>亚马逊公司AMZN</td><td>38%</td><td>$476,170</td><td>$563,466</td><td>$657,295</td></tr><tr><td>希贝特公司</td><td>13%</td><td>$1,504</td><td>$1,581</td><td>$1,706</td></tr><tr><td>美国鹰服装公司AEO</td><td>17%</td><td>$4,917</td><td>$5,355</td><td>$5,742</td></tr></tbody></table>来源：FactSet</blockquote></p><p> The estimates are for calendar years, but note that many retailers' fiscal years don't match the calendar.</p><p><blockquote>这些估计值是针对日历年的，但请注意，许多零售商的财政年度与日历不符。</blockquote></p><p> Also using the same list, here are estimates for earnings per share through 2023:</p><p><blockquote>同样使用相同的列表，以下是到 2023 年每股收益的估计：</blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year EPS change</b></td>    <td><b>Estimated EPS – 2021</b></td>    <td><b>Estimated EPS – 2022</b></td>    <td><b>Estimated EPS – 2023</b></td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>N/A</td>    <td>-$2.50</td>    <td>-$2.45</td>    <td>-$2.24</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>N/A</td>    <td>-$2.05</td>    <td>-$1.35</td>    <td>-$1.00</td>   </tr>   <tr>    <td>Overstock.com Inc.OSTK</td>    <td>-4%</td>    <td>$2.56</td>    <td>$2.73</td>    <td>$2.46</td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>N/A</td>    <td>-$1.23</td>    <td>-$0.42</td>    <td>-$0.23</td>   </tr>   <tr>    <td>Group 1 Automotive Inc.GPI</td>    <td>-19%</td>    <td>$30.30</td>    <td>$28.09</td>    <td>$24.61</td>   </tr>   <tr>    <td>Leslie’s Inc.LESL</td>    <td>16%</td>    <td>$0.85</td>    <td>$0.90</td>    <td>$0.98</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>-2%</td>    <td>$33.22</td>    <td>$31.61</td>    <td>$32.59</td>   </tr>   <tr>    <td>IAA Inc.IAA</td>    <td>19%</td>    <td>$2.33</td>    <td>$2.44</td>    <td>$2.76</td>   </tr>   <tr>    <td>Abercrombie &amp; Fitch Co. Class AANF</td>    <td>-10%</td>    <td>$3.16</td>    <td>$3.18</td>    <td>$2.85</td>   </tr>   <tr>    <td>Tapestry Inc.TPR</td>    <td>22%</td>    <td>$3.17</td>    <td>$3.55</td>    <td>$3.85</td>   </tr>   <tr>    <td>Capri Holdings Ltd.CPRI</td>    <td>53%</td>    <td>$3.93</td>    <td>$5.17</td>    <td>$5.99</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>7%</td>    <td>$7.03</td>    <td>$7.37</td>    <td>$7.52</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>74%</td>    <td>$53.15</td>    <td>$67.39</td>    <td>$92.34</td>   </tr>   <tr>    <td>Hibbett Inc.HIBB</td>    <td>13%</td>    <td>$8.89</td>    <td>$8.88</td>    <td>$10.04</td>   </tr>   <tr>    <td>American Eagle Outfitters Inc.AEO</td>    <td>34%</td>    <td>$1.97</td>    <td>$2.33</td>    <td>$2.63</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年每股收益变化</b></td><td><b>预计每股收益 – 2021</b></td><td><b>预计每股收益 – 2022</b></td><td><b>预计每股收益 – 2023</b></td></tr><tr><td>弗鲁姆公司VRM</td><td>不适用</td><td>-$2.50</td><td>-$2.45</td><td>-$2.24</td></tr><tr><td>RealReal公司REAL</td><td>不适用</td><td>-$2.05</td><td>-$1.35</td><td>-$1.00</td></tr><tr><td>Overstock.com Inc.OSTK</td><td>-4%</td><td>$2.56</td><td>$2.73</td><td>$2.46</td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>不适用</td><td>-$1.23</td><td>-$0.42</td><td>-$0.23</td></tr><tr><td>第一组汽车公司GPI</td><td>-19%</td><td>$30.30</td><td>$28.09</td><td>$24.61</td></tr><tr><td>莱斯利公司</td><td>16%</td><td>$0.85</td><td>$0.90</td><td>$0.98</td></tr><tr><td>锂汽车公司LAD</td><td>-2%</td><td>$33.22</td><td>$31.61</td><td>$32.59</td></tr><tr><td>IAA公司IAA</td><td>19%</td><td>$2.33</td><td>$2.44</td><td>$2.76</td></tr><tr><td>Abercrombie &amp; Fitch Co. Class ANF</td><td>-10%</td><td>$3.16</td><td>$3.18</td><td>$2.85</td></tr><tr><td>挂毯公司TPR</td><td>22%</td><td>$3.17</td><td>$3.55</td><td>$3.85</td></tr><tr><td>卡普里控股有限公司CPRI</td><td>53%</td><td>$3.93</td><td>$5.17</td><td>$5.99</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>7%</td><td>$7.03</td><td>$7.37</td><td>$7.52</td></tr><tr><td>亚马逊公司AMZN</td><td>74%</td><td>$53.15</td><td>$67.39</td><td>$92.34</td></tr><tr><td>希贝特公司</td><td>13%</td><td>$8.89</td><td>$8.88</td><td>$10.04</td></tr><tr><td>美国鹰服装公司AEO</td><td>34%</td><td>$1.97</td><td>$2.33</td><td>$2.63</td></tr></tbody></table>来源：FactSet</blockquote></p><p> For three of the companies, the expected two-year change in EPS is \"N/A\" because estimated earnings for 2021 or 2023, or both, are negative.</p><p><blockquote>对于其中三家公司来说，每股收益的预期两年变化为“不适用”，因为 2021 年或 2023 年或两者的预计收益均为负值。</blockquote></p><p> <b>Fastest expected sales increases</b></p><p><blockquote><b>预期销售额增长最快</b></blockquote></p><p> Starting again with the 77 retailers that have market capitalizations of at least $1 billion and are covered by at least five analysts polled by FactSet, here are the 15 expected to increase their sales the most over the next two years:</p><p><blockquote>再次从 FactSet 调查的至少五位分析师涵盖的 77 家市值至少为 10 亿美元的零售商开始，以下是预计未来两年销售额增幅最大的 15 家零售商：</blockquote></p><p></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year sales increase</b></td>    <td><b>Estimated revenue – 2021</b></td>    <td><b>Estimated revenue – 2022</b></td>    <td><b>Estimated revenue – 2023</b></td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>175%</td>    <td>$200</td>    <td>$328</td>    <td>$550</td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>117%</td>    <td>$3,060</td>    <td>$4,514</td>    <td>$6,652</td>   </tr>   <tr>    <td>Carvana Co. Class ACVNA</td>    <td>76%</td>    <td>$11,775</td>    <td>$15,468</td>    <td>$20,680</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>65%</td>    <td>$447</td>    <td>$592</td>    <td>$736</td>   </tr>   <tr>    <td>Revolve Group, Inc Class ARVLV</td>    <td>47%</td>    <td>$818</td>    <td>$1,004</td>    <td>$1,206</td>   </tr>   <tr>    <td>Etsy Inc.ETSY</td>    <td>47%</td>    <td>$2,280</td>    <td>$2,747</td>    <td>$3,351</td>   </tr>   <tr>    <td>Floor &amp; Decor Holdings Inc. Class AFND</td>    <td>46%</td>    <td>$3,339</td>    <td>$4,007</td>    <td>$4,874</td>   </tr>   <tr>    <td>Five Below Inc.FIVE</td>    <td>41%</td>    <td>$2,717</td>    <td>$3,264</td>    <td>$3,841</td>   </tr>   <tr>    <td>Stitch Fix Inc. Class ASFIX</td>    <td>41%</td>    <td>$2,240</td>    <td>$2,622</td>    <td>$3,161</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>41%</td>    <td>$21,902</td>    <td>$26,515</td>    <td>$30,801</td>   </tr>   <tr>    <td>Wayfair Inc. Class AW</td>    <td>39%</td>    <td>$14,393</td>    <td>$17,228</td>    <td>$20,049</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>38%</td>    <td>$476,170</td>    <td>$563,466</td>    <td>$657,295</td>   </tr>   <tr>    <td>Lululemon Athletica Inc.LULU</td>    <td>37%</td>    <td>$5,804</td>    <td>$6,877</td>    <td>$7,963</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>34%</td>    <td>$12,390</td>    <td>$14,196</td>    <td>$16,569</td>   </tr>   <tr>    <td>Ollie’s Bargain Outlet Holdings Inc.OLLI</td>    <td>26%</td>    <td>$1,868</td>    <td>$2,088</td>    <td>$2,363</td>   </tr>  </tbody> </table> Source: FacSet</p><p><blockquote><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年销售额增长</b></td><td><b>估计收入-2021</b></td><td><b>预计收入-2022</b></td><td><b>预计收入 – 2023</b></td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>175%</td><td>$200</td><td>$328</td><td>$550</td></tr><tr><td>弗鲁姆公司VRM</td><td>117%</td><td>$3,060</td><td>$4,514</td><td>$6,652</td></tr><tr><td>Carvana Co. 级 ACVNA</td><td>76%</td><td>$11,775</td><td>$15,468</td><td>$20,680</td></tr><tr><td>RealReal公司REAL</td><td>65%</td><td>$447</td><td>$592</td><td>$736</td></tr><tr><td>Revolve Group, Inc 类别 ARVLV</td><td>47%</td><td>$818</td><td>$1,004</td><td>$1,206</td></tr><tr><td>Etsy公司</td><td>47%</td><td>$2,280</td><td>$2,747</td><td>$3,351</td></tr><tr><td>地板与装饰控股公司 AFND 类</td><td>46%</td><td>$3,339</td><td>$4,007</td><td>$4,874</td></tr><tr><td>五以下公司五</td><td>41%</td><td>$2,717</td><td>$3,264</td><td>$3,841</td></tr><tr><td>Stitch Fix Inc. Class ASFIX</td><td>41%</td><td>$2,240</td><td>$2,622</td><td>$3,161</td></tr><tr><td>锂汽车公司LAD</td><td>41%</td><td>$21,902</td><td>$26,515</td><td>$30,801</td></tr><tr><td>Wayfair Inc. AW 级</td><td>39%</td><td>$14,393</td><td>$17,228</td><td>$20,049</td></tr><tr><td>亚马逊公司AMZN</td><td>38%</td><td>$476,170</td><td>$563,466</td><td>$657,295</td></tr><tr><td>露露柠檬运动公司露露</td><td>37%</td><td>$5,804</td><td>$6,877</td><td>$7,963</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>34%</td><td>$12,390</td><td>$14,196</td><td>$16,569</td></tr><tr><td>奥利特价奥特莱斯控股公司</td><td>26%</td><td>$1,868</td><td>$2,088</td><td>$2,363</td></tr></tbody></table>资料来源：FacSet</blockquote></p><p> Only five companies make both this list and that with the most implied upside potential for their stock price: ChargePoint Holdings Inc. (CHPT), Vroom, RealReal Inc. <a href=\"https://laohu8.com/S/REAL\">$(REAL)$</a>, Lithia Motors Inc. <a href=\"https://laohu8.com/S/LAD\">$(LAD)$</a>, Amazon and Sonic Automotive Inc. <a href=\"https://laohu8.com/S/SAH\">$(SAH)$</a>.</p><p><blockquote>只有五家公司同时上榜，其股价潜力最大：ChargePoint Holdings Inc. (CHPT)、Vroom、RealReal Inc。<a href=\"https://laohu8.com/S/REAL\">$(实)$</a>利西亚汽车公司。<a href=\"https://laohu8.com/S/LAD\">$(小伙子)$</a>、亚马逊和索尼克汽车公司。<a href=\"https://laohu8.com/S/SAH\">$(时间)$</a>.</blockquote></p><p> Here are EPS estimates for the list of best expected sales growers, using the same order as those with the fastest expected sales growth:</p><p><blockquote>以下是最佳预期销售增长者名单的每股收益估计值，使用与预期销售增长最快的公司相同的顺序：</blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Expected two-year earnings increase</b></td>    <td><b>Estimated EPS – 2021</b></td>    <td><b>Estimated EPS – 2022</b></td>    <td><b>Estimated EPS – 2023</b></td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>N/A</td>    <td>-$1.23</td>    <td>-$0.42</td>    <td>-$0.23</td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>N/A</td>    <td>-$2.50</td>    <td>-$2.45</td>    <td>-$2.24</td>   </tr>   <tr>    <td>Carvana Co. Class ACVNA</td>    <td>N/A</td>    <td>-$1.12</td>    <td>-$0.30</td>    <td>$1.70</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>N/A</td>    <td>-$2.05</td>    <td>-$1.35</td>    <td>-$1.00</td>   </tr>   <tr>    <td>Revolve Group, Inc Class ARVLV</td>    <td>46%</td>    <td>$1.02</td>    <td>$1.19</td>    <td>$1.49</td>   </tr>   <tr>    <td>Etsy Inc.ETSY</td>    <td>62%</td>    <td>$3.03</td>    <td>$3.52</td>    <td>$4.90</td>   </tr>   <tr>    <td>Floor &amp; Decor Holdings Inc. Class AFND</td>    <td>45%</td>    <td>$2.46</td>    <td>$2.88</td>    <td>$3.56</td>   </tr>   <tr>    <td>Five Below Inc.FIVE</td>    <td>45%</td>    <td>$4.57</td>    <td>$5.60</td>    <td>$6.64</td>   </tr>   <tr>    <td>Stitch Fix Inc. Class ASFIX</td>    <td>N/A</td>    <td>-$0.42</td>    <td>-$0.24</td>    <td>$0.43</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>-2%</td>    <td>$33.22</td>    <td>$31.61</td>    <td>$32.59</td>   </tr>   <tr>    <td>Wayfair Inc. Class AW</td>    <td>113%</td>    <td>$3.27</td>    <td>$4.74</td>    <td>$6.97</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>74%</td>    <td>$53.15</td>    <td>$67.39</td>    <td>$92.34</td>   </tr>   <tr>    <td>Lululemon Athletica Inc.LULU</td>    <td>50%</td>    <td>$6.73</td>    <td>$8.33</td>    <td>$10.08</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>7%</td>    <td>$7.03</td>    <td>$7.37</td>    <td>$7.52</td>   </tr>   <tr>    <td>Ollie’s Bargain Outlet Holdings Inc.OLLI</td>    <td>23%</td>    <td>$2.93</td>    <td>$3.24</td>    <td>$3.61</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>预计两年盈利增长</b></td><td><b>预计每股收益 – 2021</b></td><td><b>预计每股收益 – 2022</b></td><td><b>预计每股收益 – 2023</b></td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>不适用</td><td>-$1.23</td><td>-$0.42</td><td>-$0.23</td></tr><tr><td>弗鲁姆公司VRM</td><td>不适用</td><td>-$2.50</td><td>-$2.45</td><td>-$2.24</td></tr><tr><td>Carvana Co. 级 ACVNA</td><td>不适用</td><td>-$1.12</td><td>-$0.30</td><td>$1.70</td></tr><tr><td>RealReal公司REAL</td><td>不适用</td><td>-$2.05</td><td>-$1.35</td><td>-$1.00</td></tr><tr><td>Revolve Group, Inc 类别 ARVLV</td><td>46%</td><td>$1.02</td><td>$1.19</td><td>$1.49</td></tr><tr><td>Etsy公司</td><td>62%</td><td>$3.03</td><td>$3.52</td><td>$4.90</td></tr><tr><td>地板与装饰控股公司 AFND 类</td><td>45%</td><td>$2.46</td><td>$2.88</td><td>$3.56</td></tr><tr><td>五以下公司五</td><td>45%</td><td>$4.57</td><td>$5.60</td><td>$6.64</td></tr><tr><td>Stitch Fix Inc. Class ASFIX</td><td>不适用</td><td>-$0.42</td><td>-$0.24</td><td>$0.43</td></tr><tr><td>锂汽车公司LAD</td><td>-2%</td><td>$33.22</td><td>$31.61</td><td>$32.59</td></tr><tr><td>Wayfair Inc. AW 级</td><td>113%</td><td>$3.27</td><td>$4.74</td><td>$6.97</td></tr><tr><td>亚马逊公司AMZN</td><td>74%</td><td>$53.15</td><td>$67.39</td><td>$92.34</td></tr><tr><td>露露柠檬运动公司露露</td><td>50%</td><td>$6.73</td><td>$8.33</td><td>$10.08</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>7%</td><td>$7.03</td><td>$7.37</td><td>$7.52</td></tr><tr><td>奥利特价奥特莱斯控股公司</td><td>23%</td><td>$2.93</td><td>$3.24</td><td>$3.61</td></tr></tbody></table>来源：FactSet</blockquote></p><p></p><p> Here’s a summary of analysts’ opinion about the list of best expected sales growers, also in the same order:</p><p><blockquote>以下是分析师对最佳预期销售额种植者名单的看法摘要，顺序也相同：</blockquote></p><p> <table>  <tbody></tbody> </table> <table>  <tbody>   <tr></tr>  </tbody> </table> <table>  <tbody>   <tr>    <td><b>Company</b></td>    <td><b>Share “buy” ratings</b></td>    <td><b>Closing price – Aug. 20</b></td>    <td><b>Consensus price target</b></td>    <td><b>Implied 12-month upside potential</b></td>   </tr>   <tr>    <td>ChargePoint Holdings Inc. Class ACHPT</td>    <td>88%</td>    <td>$21.26</td>    <td>$36.00</td>    <td>69%</td>   </tr>   <tr>    <td>Vroom Inc.VRM</td>    <td>67%</td>    <td>$25.02</td>    <td>$49.25</td>    <td>97%</td>   </tr>   <tr>    <td>Carvana Co. Class ACVNA</td>    <td>58%</td>    <td>$349.76</td>    <td>$379.09</td>    <td>8%</td>   </tr>   <tr>    <td>RealReal Inc.REAL</td>    <td>67%</td>    <td>$12.35</td>    <td>$24.31</td>    <td>97%</td>   </tr>   <tr>    <td>Revolve Group, Inc Class ARVLV</td>    <td>71%</td>    <td>$57.68</td>    <td>$70.67</td>    <td>23%</td>   </tr>   <tr>    <td>Etsy Inc.ETSY</td>    <td>76%</td>    <td>$199.27</td>    <td>$215.93</td>    <td>8%</td>   </tr>   <tr>    <td>Floor &amp; Decor Holdings Inc. Class AFND</td>    <td>87%</td>    <td>$117.75</td>    <td>$136.36</td>    <td>16%</td>   </tr>   <tr>    <td>Five Below Inc.FIVE</td>    <td>67%</td>    <td>$225.11</td>    <td>$232.70</td>    <td>3%</td>   </tr>   <tr>    <td>Stitch Fix Inc. Class ASFIX</td>    <td>38%</td>    <td>$39.71</td>    <td>$62.13</td>    <td>56%</td>   </tr>   <tr>    <td>Lithia Motors Inc.LAD</td>    <td>64%</td>    <td>$328.51</td>    <td>$468.83</td>    <td>43%</td>   </tr>   <tr>    <td>Wayfair Inc. Class AW</td>    <td>50%</td>    <td>$290.52</td>    <td>$324.64</td>    <td>12%</td>   </tr>   <tr>    <td>Amazon.com Inc.AMZN</td>    <td>98%</td>    <td>$3,199.95</td>    <td>$4,164.30</td>    <td>30%</td>   </tr>   <tr>    <td>Lululemon Athletica Inc.LULU</td>    <td>67%</td>    <td>$397.83</td>    <td>$401.63</td>    <td>1%</td>   </tr>   <tr>    <td>Sonic Automotive Inc. Class ASAH</td>    <td>56%</td>    <td>$50.25</td>    <td>$65.71</td>    <td>31%</td>   </tr>   <tr>    <td>Ollie’s Bargain Outlet Holdings Inc.OLLI</td>    <td>50%</td>    <td>$82.70</td>    <td>$98.00</td>    <td>19%</td>   </tr>  </tbody> </table> Source: FactSet</p><p><blockquote><table><tbody></tbody></table><table><tbody><tr></tr></tbody></table><table><tbody><tr><td><b>公司</b></td><td><b>分享“买入”评级</b></td><td><b>收盘价 – 8 月 20 日</b></td><td><b>共识价格目标</b></td><td><b>隐含 12 个月上涨潜力</b></td></tr><tr><td>ChargePoint Holdings Inc. Class ACHPT</td><td>88%</td><td>$21.26</td><td>$36.00</td><td>69%</td></tr><tr><td>弗鲁姆公司VRM</td><td>67%</td><td>$25.02</td><td>$49.25</td><td>97%</td></tr><tr><td>Carvana Co. 级 ACVNA</td><td>58%</td><td>$349.76</td><td>$379.09</td><td>8%</td></tr><tr><td>RealReal公司REAL</td><td>67%</td><td>$12.35</td><td>$24.31</td><td>97%</td></tr><tr><td>Revolve Group, Inc 类别 ARVLV</td><td>71%</td><td>$57.68</td><td>$70.67</td><td>23%</td></tr><tr><td>Etsy公司</td><td>76%</td><td>$199.27</td><td>$215.93</td><td>8%</td></tr><tr><td>地板与装饰控股公司 AFND 类</td><td>87%</td><td>$117.75</td><td>$136.36</td><td>16%</td></tr><tr><td>五以下公司五</td><td>67%</td><td>$225.11</td><td>$232.70</td><td>3%</td></tr><tr><td>Stitch Fix Inc. Class ASFIX</td><td>38%</td><td>$39.71</td><td>$62.13</td><td>56%</td></tr><tr><td>锂汽车公司LAD</td><td>64%</td><td>$328.51</td><td>$468.83</td><td>43%</td></tr><tr><td>Wayfair Inc. AW 级</td><td>50%</td><td>$290.52</td><td>$324.64</td><td>12%</td></tr><tr><td>亚马逊公司AMZN</td><td>98%</td><td>$3,199.95</td><td>$4,164.30</td><td>30%</td></tr><tr><td>露露柠檬运动公司露露</td><td>67%</td><td>$397.83</td><td>$401.63</td><td>1%</td></tr><tr><td>索尼克汽车公司 ASAH 级</td><td>56%</td><td>$50.25</td><td>$65.71</td><td>31%</td></tr><tr><td>奥利特价奥特莱斯控股公司</td><td>50%</td><td>$82.70</td><td>$98.00</td><td>19%</td></tr></tbody></table>来源：FactSet</blockquote></p><p> <table>  <tbody></tbody> </table> If you see any stocks of interest here, you should do your own research and form your own opinion about the companies’ long-term strategies before considering an investment.</p><p><blockquote><table><tbody></tbody></table>如果您在这里看到任何感兴趣的股票，在考虑投资之前，您应该自己做研究，并对公司的长期战略形成自己的看法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/these-15-stocks-of-retailers-are-expected-to-rise-up-to-97-over-the-next-year-11629745985?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAH":"索尼克汽车","AMZN":"亚马逊","M":"梅西百货","CVNA":"Carvana Co.","CHPT":"ChargePoint Holdings Inc.","CRCT":"Cricut, Inc.","TGT":"塔吉特","LAD":"利西亚车行","VRM":"Vroom, Inc."},"source_url":"https://www.marketwatch.com/story/these-15-stocks-of-retailers-are-expected-to-rise-up-to-97-over-the-next-year-11629745985?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161772199","content_text":"Amazon is one of five that also make the list of those retailers expected to increase sales the fastest\nAnalysts polled by FactSet expect shares of Vroom, which sells used cars directly to consumers, to rise 97% over the next 12 months.\nWith so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there is money to be made if you focus on innovative sellers and maybe even on traditional brick-and-mortar retailers that are cleaning up their acts.\nBelow are two lists of stocks of retailers, broadly defined by FactSet to include specialized companies such as Vroom Inc. and Carvana Co. , which sell (and buy) used cars online. The first list includes 15 stocks that analysts expect to rise the most over the next year, and the second list shows companies expected to increase their sales the most over the next two years.\nTwo retailers that didn't make either list are Macy's Inc. and Target Corp.. Both are worth watching, although investors with shorter-term horizons may find them pricey.\nShares of Macy's had nearly doubled for 2021 through last week. The stock popped 20% on Aug. 19, after the company reported with WHP Global to sell more Toys 'R' Us items in its stores. The stock closed at $22.39 on Aug. 20 -- a penny above the consensus 12-month price target among analysts polled by FactSet. Of course, analysts can change their estimates in light of recent news.\nTarget's stock is up 49% this year. The company also reported a much-improved second quarter . Target's shares closed at $253.40 on Aug. 20, 10% below the consensus price target of $277.66.\nAnalysts' favorite retail stocks\nStarting with the Russell 3000 Index , there are 124 stocks of companies in retail industries, according to FactSet's industry group descriptions. These include online retailers such as Amazon.com Inc. $(AMZN)$ and the direct used-auto retailers mentioned above.\nAmong those stocks, 77 have stock-market values of at least $1 billion, are covered by at least five analysts polled by FactSet and have consensus sales and earnings estimates available through 2023.\nHere are the 15 stocks with majority \"buy\" or equivalent ratings that the analysts believe have the most upside potential over the next year:\n\n\n\nCompany\nShare “buy” ratings\nClosing price – Aug. 20\nConsensus price target\nImplied 12-month upside potential\n\n\nVroom Inc.VRM\n67%\n$25.02\n$49.25\n97%\n\n\nRealReal Inc.REAL\n67%\n$12.35\n$24.31\n97%\n\n\nOverstock.com Inc.OSTK\n100%\n$69.58\n$127.60\n83%\n\n\nChargePoint Holdings Inc. Class ACHPT\n88%\n$21.26\n$36.00\n69%\n\n\nGroup 1 Automotive Inc.GPI\n67%\n$159.01\n$251.40\n58%\n\n\nLeslie’s Inc.LESL\n75%\n$22.59\n$32.64\n44%\n\n\nLithia Motors Inc.LAD\n64%\n$328.51\n$468.83\n43%\n\n\nIAA Inc.IAA\n90%\n$51.71\n$72.38\n40%\n\n\nAbercrombie & Fitch Co. Class AANF\n58%\n$38.02\n$52.11\n37%\n\n\nTapestry Inc.TPR\n62%\n$40.58\n$54.89\n35%\n\n\nCapri Holdings Ltd.CPRI\n61%\n$54.33\n$72.35\n33%\n\n\nSonic Automotive Inc. Class ASAH\n56%\n$50.25\n$65.71\n31%\n\n\nAmazon.com Inc.AMZN\n98%\n$3,199.95\n$4,164.30\n30%\n\n\nHibbett Inc.HIBB\n83%\n$85.14\n$110.67\n30%\n\n\nAmerican Eagle Outfitters Inc.AEO\n64%\n$32.37\n$41.31\n28%\n\n\n\nSource: FactSet\nUsing the same order, here are sales estimates for the group through 2023:\n\n\n\n\n\n\n\n\n\nCompany\nExpected two-year sales increase\nEstimated revenue – 2021\nEstimated revenue – 2022\nEstimated revenue – 2023\n\n\nVroom Inc.VRM\n117%\n$3,060\n$4,514\n$6,652\n\n\nRealReal Inc.REAL\n65%\n$447\n$592\n$736\n\n\nOverstock.com Inc.OSTK\n17%\n$2,830\n$3,186\n$3,321\n\n\nChargePoint Holdings Inc. Class ACHPT\n175%\n$200\n$328\n$550\n\n\nGroup 1 Automotive Inc.GPI\n11%\n$13,480\n$14,680\n$15,025\n\n\nLeslie’s Inc.LESL\n14%\n$1,342\n$1,442\n$1,536\n\n\nLithia Motors Inc.LAD\n41%\n$21,902\n$26,515\n$30,801\n\n\nIAA Inc.IAA\n15%\n$1,706\n$1,781\n$1,962\n\n\nAbercrombie & Fitch Co. Class AANF\n4%\n$3,680\n$3,847\n$3,841\n\n\nTapestry Inc.TPR\n11%\n$6,066\n$6,531\n$6,725\n\n\nCapri Holdings Ltd.CPRI\n24%\n$5,017\n$5,752\n$6,205\n\n\nSonic Automotive Inc. Class ASAH\n34%\n$12,390\n$14,196\n$16,569\n\n\nAmazon.com Inc.AMZN\n38%\n$476,170\n$563,466\n$657,295\n\n\nHibbett Inc.HIBB\n13%\n$1,504\n$1,581\n$1,706\n\n\nAmerican Eagle Outfitters Inc.AEO\n17%\n$4,917\n$5,355\n$5,742\n\n\n\nSource: FactSet\nThe estimates are for calendar years, but note that many retailers' fiscal years don't match the calendar.\nAlso using the same list, here are estimates for earnings per share through 2023:\n\n\n\n\n\n\n\n\nCompany\nExpected two-year EPS change\nEstimated EPS – 2021\nEstimated EPS – 2022\nEstimated EPS – 2023\n\n\nVroom Inc.VRM\nN/A\n-$2.50\n-$2.45\n-$2.24\n\n\nRealReal Inc.REAL\nN/A\n-$2.05\n-$1.35\n-$1.00\n\n\nOverstock.com Inc.OSTK\n-4%\n$2.56\n$2.73\n$2.46\n\n\nChargePoint Holdings Inc. Class ACHPT\nN/A\n-$1.23\n-$0.42\n-$0.23\n\n\nGroup 1 Automotive Inc.GPI\n-19%\n$30.30\n$28.09\n$24.61\n\n\nLeslie’s Inc.LESL\n16%\n$0.85\n$0.90\n$0.98\n\n\nLithia Motors Inc.LAD\n-2%\n$33.22\n$31.61\n$32.59\n\n\nIAA Inc.IAA\n19%\n$2.33\n$2.44\n$2.76\n\n\nAbercrombie & Fitch Co. Class AANF\n-10%\n$3.16\n$3.18\n$2.85\n\n\nTapestry Inc.TPR\n22%\n$3.17\n$3.55\n$3.85\n\n\nCapri Holdings Ltd.CPRI\n53%\n$3.93\n$5.17\n$5.99\n\n\nSonic Automotive Inc. Class ASAH\n7%\n$7.03\n$7.37\n$7.52\n\n\nAmazon.com Inc.AMZN\n74%\n$53.15\n$67.39\n$92.34\n\n\nHibbett Inc.HIBB\n13%\n$8.89\n$8.88\n$10.04\n\n\nAmerican Eagle Outfitters Inc.AEO\n34%\n$1.97\n$2.33\n$2.63\n\n\n\nSource: FactSet\nFor three of the companies, the expected two-year change in EPS is \"N/A\" because estimated earnings for 2021 or 2023, or both, are negative.\nFastest expected sales increases\nStarting again with the 77 retailers that have market capitalizations of at least $1 billion and are covered by at least five analysts polled by FactSet, here are the 15 expected to increase their sales the most over the next two years:\n\n\n\n\n\n\n\n\nCompany\nExpected two-year sales increase\nEstimated revenue – 2021\nEstimated revenue – 2022\nEstimated revenue – 2023\n\n\nChargePoint Holdings Inc. Class ACHPT\n175%\n$200\n$328\n$550\n\n\nVroom Inc.VRM\n117%\n$3,060\n$4,514\n$6,652\n\n\nCarvana Co. Class ACVNA\n76%\n$11,775\n$15,468\n$20,680\n\n\nRealReal Inc.REAL\n65%\n$447\n$592\n$736\n\n\nRevolve Group, Inc Class ARVLV\n47%\n$818\n$1,004\n$1,206\n\n\nEtsy Inc.ETSY\n47%\n$2,280\n$2,747\n$3,351\n\n\nFloor & Decor Holdings Inc. Class AFND\n46%\n$3,339\n$4,007\n$4,874\n\n\nFive Below Inc.FIVE\n41%\n$2,717\n$3,264\n$3,841\n\n\nStitch Fix Inc. Class ASFIX\n41%\n$2,240\n$2,622\n$3,161\n\n\nLithia Motors Inc.LAD\n41%\n$21,902\n$26,515\n$30,801\n\n\nWayfair Inc. Class AW\n39%\n$14,393\n$17,228\n$20,049\n\n\nAmazon.com Inc.AMZN\n38%\n$476,170\n$563,466\n$657,295\n\n\nLululemon Athletica Inc.LULU\n37%\n$5,804\n$6,877\n$7,963\n\n\nSonic Automotive Inc. Class ASAH\n34%\n$12,390\n$14,196\n$16,569\n\n\nOllie’s Bargain Outlet Holdings Inc.OLLI\n26%\n$1,868\n$2,088\n$2,363\n\n\n\nSource: FacSet\nOnly five companies make both this list and that with the most implied upside potential for their stock price: ChargePoint Holdings Inc. (CHPT), Vroom, RealReal Inc. $(REAL)$, Lithia Motors Inc. $(LAD)$, Amazon and Sonic Automotive Inc. $(SAH)$.\nHere are EPS estimates for the list of best expected sales growers, using the same order as those with the fastest expected sales growth:\n\n\n\n\n\n\n\n\nCompany\nExpected two-year earnings increase\nEstimated EPS – 2021\nEstimated EPS – 2022\nEstimated EPS – 2023\n\n\nChargePoint Holdings Inc. Class ACHPT\nN/A\n-$1.23\n-$0.42\n-$0.23\n\n\nVroom Inc.VRM\nN/A\n-$2.50\n-$2.45\n-$2.24\n\n\nCarvana Co. Class ACVNA\nN/A\n-$1.12\n-$0.30\n$1.70\n\n\nRealReal Inc.REAL\nN/A\n-$2.05\n-$1.35\n-$1.00\n\n\nRevolve Group, Inc Class ARVLV\n46%\n$1.02\n$1.19\n$1.49\n\n\nEtsy Inc.ETSY\n62%\n$3.03\n$3.52\n$4.90\n\n\nFloor & Decor Holdings Inc. Class AFND\n45%\n$2.46\n$2.88\n$3.56\n\n\nFive Below Inc.FIVE\n45%\n$4.57\n$5.60\n$6.64\n\n\nStitch Fix Inc. Class ASFIX\nN/A\n-$0.42\n-$0.24\n$0.43\n\n\nLithia Motors Inc.LAD\n-2%\n$33.22\n$31.61\n$32.59\n\n\nWayfair Inc. Class AW\n113%\n$3.27\n$4.74\n$6.97\n\n\nAmazon.com Inc.AMZN\n74%\n$53.15\n$67.39\n$92.34\n\n\nLululemon Athletica Inc.LULU\n50%\n$6.73\n$8.33\n$10.08\n\n\nSonic Automotive Inc. Class ASAH\n7%\n$7.03\n$7.37\n$7.52\n\n\nOllie’s Bargain Outlet Holdings Inc.OLLI\n23%\n$2.93\n$3.24\n$3.61\n\n\n\nSource: FactSet\nHere’s a summary of analysts’ opinion about the list of best expected sales growers, also in the same order:\n\n\n\n\n\n\n\n\n\n\n\nCompany\nShare “buy” ratings\nClosing price – Aug. 20\nConsensus price target\nImplied 12-month upside potential\n\n\nChargePoint Holdings Inc. Class ACHPT\n88%\n$21.26\n$36.00\n69%\n\n\nVroom Inc.VRM\n67%\n$25.02\n$49.25\n97%\n\n\nCarvana Co. Class ACVNA\n58%\n$349.76\n$379.09\n8%\n\n\nRealReal Inc.REAL\n67%\n$12.35\n$24.31\n97%\n\n\nRevolve Group, Inc Class ARVLV\n71%\n$57.68\n$70.67\n23%\n\n\nEtsy Inc.ETSY\n76%\n$199.27\n$215.93\n8%\n\n\nFloor & Decor Holdings Inc. Class AFND\n87%\n$117.75\n$136.36\n16%\n\n\nFive Below Inc.FIVE\n67%\n$225.11\n$232.70\n3%\n\n\nStitch Fix Inc. Class ASFIX\n38%\n$39.71\n$62.13\n56%\n\n\nLithia Motors Inc.LAD\n64%\n$328.51\n$468.83\n43%\n\n\nWayfair Inc. Class AW\n50%\n$290.52\n$324.64\n12%\n\n\nAmazon.com Inc.AMZN\n98%\n$3,199.95\n$4,164.30\n30%\n\n\nLululemon Athletica Inc.LULU\n67%\n$397.83\n$401.63\n1%\n\n\nSonic Automotive Inc. Class ASAH\n56%\n$50.25\n$65.71\n31%\n\n\nOllie’s Bargain Outlet Holdings Inc.OLLI\n50%\n$82.70\n$98.00\n19%\n\n\n\nSource: FactSet\n\n\n\nIf you see any stocks of interest here, you should do your own research and form your own opinion about the companies’ long-term strategies before considering an investment.","news_type":1,"symbols_score_info":{"VRM":0.9,"CRCT":0.9,"TGT":0.9,"TERN":0.9,"SAH":0.9,"M":0.9,"CVNA":0.9,"AMZN":0.9,"CHPT":0.9,"LAD":0.9}},"isVote":1,"tweetType":1,"viewCount":3994,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832182026,"gmtCreate":1629598477765,"gmtModify":1633683867555,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"If you always have to dig a hole to patch another hole, it is a matter of time that you will run of space. If Fed does not fix the wrong things and becomes politically involved to make changes, its deficit problem will never get resolved.","listText":"If you always have to dig a hole to patch another hole, it is a matter of time that you will run of space. If Fed does not fix the wrong things and becomes politically involved to make changes, its deficit problem will never get resolved.","text":"If you always have to dig a hole to patch another hole, it is a matter of time that you will run of space. If Fed does not fix the wrong things and becomes politically involved to make changes, its deficit problem will never get resolved.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832182026","repostId":"1102227761","repostType":4,"isVote":1,"tweetType":1,"viewCount":2982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838618431,"gmtCreate":1629390613823,"gmtModify":1633685176786,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Booster shots to increase immunization. Stay safe everyone!","listText":"Booster shots to increase immunization. Stay safe everyone!","text":"Booster shots to increase immunization. Stay safe everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838618431","repostId":"1179587518","repostType":4,"repost":{"id":"1179587518","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":1629381512,"share":"https://www.laohunote.com/m/news/1179587518?lang=zh_CN&edition=full","pubTime":"2021-08-19 21:58","market":"other","language":"en","title":"White House Holds Conference to Illustrate Why People Need to Get a Third Dose<blockquote>白宫召开会议解释为什么人们需要接种第三剂疫苗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179587518","media":"Tiger Newspress","summary":"I have to acknowledge that the United States is the most courageous country, the first in the world ","content":"<p>I have to acknowledge that the United States is the most courageous country, the first in the world to admit that the effectiveness of vaccines will decline.</p><p><blockquote>我不得不承认，美国是最勇敢的国家，是世界上第一个承认疫苗有效性会下降的国家。</blockquote></p><p> It took less than a week from the initial trend of taking a third dose to the White House's press conference yesterday, suggesting that the current strong rebound of the epidemic in the United States has forced the officials to quickly advance the injection of a third dose. At present, the Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) have not officially announced the shot of a third dose, but the various departments, under the leadership of Biden, will cooperate closely. There are reasons to believe that the official announcement on a third dose made by the FDA and CDC will come soon.</p><p><blockquote>从最初的接种第三剂的趋势到昨天的白宫记者会，只用了不到一周的时间，暗示目前美国疫情的强劲反弹迫使官员们迅速推进第三剂的注射。目前，美国食品药品监督管理局（FDA）和疾病控制与预防中心（CDC）尚未正式宣布第三剂疫苗的注射，但各部门将在拜登的领导下密切合作。有理由相信，FDA和CDC关于第三剂的官方公告很快就会到来。</blockquote></p><p> Holding the conference on the vaccination of a third dose in the United States is a double-edged sword. People who are willing to be vaccinated will be better protected, but those who are unwilling to be vaccinated will be more reluctant to do so. The current shortcomings of group vaccination in the United States still lie in the unwillingness of conservatives to vaccinate. The conservatives suspect that the government is conspiring to implant the chip into the human body. The more things the government encourages, the more people must oppose it. This phenomenon is particularly noticeable in the United States. But there are countless pieces of empirical evidence showing that even if people have received two doses, they still have a high risk of contracting the disease when exposing to the unvaccinated. For the safety of the people who are willing to get the vaccination, a third dose must be introduced now.</p><p><blockquote>召开美国第三剂疫苗接种会议是一把双刃剑。愿意接种疫苗的人会得到更好的保护，但不愿意接种疫苗的人会更不愿意接种。目前美国群体疫苗接种的缺点仍然在于保守派不愿意接种。保守派怀疑政府正在密谋将芯片植入人体。政府鼓励的事情越多，人们就必须反对它。这种现象在美国尤为明显。但有无数的经验证据表明，即使人们已经接种了两剂疫苗，当他们接触未接种疫苗的人时，他们仍然有很高的感染风险。为了愿意接种疫苗的人的安全，现在必须引入第三剂疫苗。</blockquote></p><p> Four politicians and experts, one of whom was Fauci, were invited to the conference. Although Fauci owns Biden's strong support, the Biden government will deliberately downplay his personal style. Regarding Fauci, there are many controversies. The core reason is that some of Fauci's remarks are inconsistent—for example, his attitude about wearing masks. However, the problem is not with Fauci, but with human beings.</p><p><blockquote>四位政治家和专家，其中一位是福奇，应邀参加了会议。虽然福奇拥有拜登的大力支持，但拜登政府会刻意淡化他的个人风格。关于福奇，争议颇多。核心原因是福奇的一些言论前后矛盾——比如他对戴口罩的态度。然而，问题不在于福奇，而在于人类。</blockquote></p><p> Human beings have always advocated a certain spirit for thousands of years. From the previous \"god\" to the current \"science,\" the spirit has always been based on something abstract. But the essence of \"science\" lies in its daring to admit its mistakes and then correct them. Newton's three laws corrected the geocentric theory and heliocentric theory, while Einstein's theory of relativity corrected Newton's three laws. As the spokesperson of \"science,\" it is impossible for Fauci to avoid making mistakes. Any scientist in the world will make mistakes, especially that we knew nothing about COVID-19 when it broke out. But Fauci can correct his mistakes, proving that he is a qualified scientist. Unfortunately, mankind always expects an omnipotent person to lead the world.</p><p><blockquote>人类几千年来一直崇尚某种精神。从以前的“上帝”到现在的“科学”，精神一直是建立在抽象的东西之上的。但“科学”的本质在于敢于承认错误，然后改正错误。牛顿三定律修正了地心说和日心说，而爱因斯坦的相对论修正了牛顿三定律。作为“科学”的代言人，福奇不可能避免犯错。世界上任何科学家都会犯错误，尤其是新冠肺炎疫情爆发时我们对它一无所知。但福奇能够纠正错误，证明自己是一名合格的科学家。不幸的是，人类总是期望一个无所不能的人来领导世界。</blockquote></p><p> Let's go back to the conference itself – a third dose of vaccination. My reviews made on August 9 have been attached to the document of the conference held yesterday.</p><p><blockquote>让我们回到会议本身——第三剂疫苗接种。我在8月9日提出的意见已附在昨天举行的会议的文件中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e979faf16460fd4e5ec86dd322b685d\" tg-width=\"1222\" tg-height=\"495\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In addition, the document also summarizes different studies on the decline of vaccine effectiveness. From the point of view of infection, the protective effect of the mRNA vaccine attenuates significantly after 3 to 6 months (Figure&nbsp;1); from the point of view of hospitalized serious illness, the effectiveness of mRNA vaccine is not bad after 3-6 months (Figure&nbsp;2).</p><p><blockquote>此外，论文还总结了关于疫苗有效性下降的不同研究。从感染的角度来看，mRNA疫苗的保护作用在3~6个月后明显减弱（图1）；从住院重症来看，mRNA疫苗在3-6个月后效果还不错（图2）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fc3282dd52e287ddb48be0989bc0085\" tg-width=\"283\" tg-height=\"137\" width=\"100%\" height=\"auto\"><span>Figure 1</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2053e9ea4f27c6c68cce44d11f8a5ba3\" tg-width=\"292\" tg-height=\"140\" width=\"100%\" height=\"auto\"><span>Figure 2</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2</span></p></blockquote></p><p> Regarding the Delta variants, the document cited relatively few studies, but confirmed two points: (1) The effectiveness of the vaccine against the Delta variants has dropped significantly, with a study showing a decrease from 92% to 64%; (2) Higher levels of antibody may be more effective for Delta variants.</p><p><blockquote>关于德尔塔变异株，该文件引用的研究相对较少，但证实了两点：（1）疫苗对德尔塔变异株的有效性显著下降，一项研究显示从92%降至64%；（2）更高水平的抗体可能对δ变体更有效。</blockquote></p><p> To sum up, why do we have to get a third dose of the COVID-19 vaccine? Primarily, the antibody levels will naturally decrease. Then, the vaccine does not work well for the Delta variants.</p><p><blockquote>综上所述，为什么我们必须接种第三剂新冠肺炎疫苗？首先，抗体水平会自然下降。然后，疫苗对Delta变种不起作用。</blockquote></p><p> <b>Through this conference, we also need to recognize the following points:</b></p><p><blockquote><b>通过这次大会，我们还需要认识到以下几点：</b></blockquote></p><p> 1. Regardless of the technology of the vaccine itself, the antibody levels in the human body will always naturally decline. This may be a defect in human genes. Not only the coronavirus antibody, but the flu antibody levels will naturally decrease in our body. No one flu vaccine can be used once and for all, though it has been developed for so long. The same situation can happen to coronavirus vaccines, too.</p><p><blockquote>1、无论疫苗本身的技术如何，人体内的抗体水平总会自然下降。这可能是人类基因的缺陷。不仅是冠状病毒抗体，我们体内的流感抗体水平也会自然下降。没有一种流感疫苗可以一劳永逸地使用，尽管它已经开发了这么久。同样的情况也可能发生在冠状病毒疫苗上。</blockquote></p><p></p><p> 2. The current vaccine is not developed for the Delta variants, so its effectiveness attenuates. Pharmaceutical companies are likely to open a vaccine specifically targeted at the Delta variants, which can be combined with the original vaccine ingredients to become a \"two-valent coronavirus vaccine,\" but it will take time.</p><p><blockquote>2.目前的疫苗不是针对德尔塔变异株开发的，因此其有效性减弱。制药公司很可能会开放一种专门针对德尔塔变异株的疫苗，这种疫苗可以与原有的疫苗成分结合，成为“二价冠状病毒疫苗”，但这需要时间。</blockquote></p><p> 3. No vaccine can be taken once and for all, so a good vaccine is the one with a higher antibody level. Both mRNA and inactivated vaccines have the issue of antibody effectiveness attenuation, which means that there will also be a third and fourth injection. However, the key for human beings to coexist with the virus lies in how to develop a vaccine with a longer duration of injection.</p><p><blockquote>3、任何疫苗都不能一劳永逸，所以好的疫苗是抗体水平较高的疫苗。mRNA和灭活疫苗都存在抗体效力减弱的问题，这意味着还会有第三针和第四针。然而，人类与病毒共存的关键在于如何研发注射持续时间更长的疫苗。</blockquote></p><p> <b>In a word, two doses within a year will be the norm.</b></p><p><blockquote><b>总之，一年内接种两剂将是常态。</b></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>White House Holds Conference to Illustrate Why People Need to Get a Third Dose<blockquote>白宫召开会议解释为什么人们需要接种第三剂疫苗</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\">\nWhite House Holds Conference to Illustrate Why People Need to Get a Third Dose<blockquote>白宫召开会议解释为什么人们需要接种第三剂疫苗</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\">2021-08-19 21:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>I have to acknowledge that the United States is the most courageous country, the first in the world to admit that the effectiveness of vaccines will decline.</p><p><blockquote>我不得不承认，美国是最勇敢的国家，是世界上第一个承认疫苗有效性会下降的国家。</blockquote></p><p> It took less than a week from the initial trend of taking a third dose to the White House's press conference yesterday, suggesting that the current strong rebound of the epidemic in the United States has forced the officials to quickly advance the injection of a third dose. At present, the Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) have not officially announced the shot of a third dose, but the various departments, under the leadership of Biden, will cooperate closely. There are reasons to believe that the official announcement on a third dose made by the FDA and CDC will come soon.</p><p><blockquote>从最初的接种第三剂的趋势到昨天的白宫记者会，只用了不到一周的时间，暗示目前美国疫情的强劲反弹迫使官员们迅速推进第三剂的注射。目前，美国食品药品监督管理局（FDA）和疾病控制与预防中心（CDC）尚未正式宣布第三剂疫苗的注射，但各部门将在拜登的领导下密切合作。有理由相信，FDA和CDC关于第三剂的官方公告很快就会到来。</blockquote></p><p> Holding the conference on the vaccination of a third dose in the United States is a double-edged sword. People who are willing to be vaccinated will be better protected, but those who are unwilling to be vaccinated will be more reluctant to do so. The current shortcomings of group vaccination in the United States still lie in the unwillingness of conservatives to vaccinate. The conservatives suspect that the government is conspiring to implant the chip into the human body. The more things the government encourages, the more people must oppose it. This phenomenon is particularly noticeable in the United States. But there are countless pieces of empirical evidence showing that even if people have received two doses, they still have a high risk of contracting the disease when exposing to the unvaccinated. For the safety of the people who are willing to get the vaccination, a third dose must be introduced now.</p><p><blockquote>召开美国第三剂疫苗接种会议是一把双刃剑。愿意接种疫苗的人会得到更好的保护，但不愿意接种疫苗的人会更不愿意接种。目前美国群体疫苗接种的缺点仍然在于保守派不愿意接种。保守派怀疑政府正在密谋将芯片植入人体。政府鼓励的事情越多，人们就必须反对它。这种现象在美国尤为明显。但有无数的经验证据表明，即使人们已经接种了两剂疫苗，当他们接触未接种疫苗的人时，他们仍然有很高的感染风险。为了愿意接种疫苗的人的安全，现在必须引入第三剂疫苗。</blockquote></p><p> Four politicians and experts, one of whom was Fauci, were invited to the conference. Although Fauci owns Biden's strong support, the Biden government will deliberately downplay his personal style. Regarding Fauci, there are many controversies. The core reason is that some of Fauci's remarks are inconsistent—for example, his attitude about wearing masks. However, the problem is not with Fauci, but with human beings.</p><p><blockquote>四位政治家和专家，其中一位是福奇，应邀参加了会议。虽然福奇拥有拜登的大力支持，但拜登政府会刻意淡化他的个人风格。关于福奇，争议颇多。核心原因是福奇的一些言论前后矛盾——比如他对戴口罩的态度。然而，问题不在于福奇，而在于人类。</blockquote></p><p> Human beings have always advocated a certain spirit for thousands of years. From the previous \"god\" to the current \"science,\" the spirit has always been based on something abstract. But the essence of \"science\" lies in its daring to admit its mistakes and then correct them. Newton's three laws corrected the geocentric theory and heliocentric theory, while Einstein's theory of relativity corrected Newton's three laws. As the spokesperson of \"science,\" it is impossible for Fauci to avoid making mistakes. Any scientist in the world will make mistakes, especially that we knew nothing about COVID-19 when it broke out. But Fauci can correct his mistakes, proving that he is a qualified scientist. Unfortunately, mankind always expects an omnipotent person to lead the world.</p><p><blockquote>人类几千年来一直崇尚某种精神。从以前的“上帝”到现在的“科学”，精神一直是建立在抽象的东西之上的。但“科学”的本质在于敢于承认错误，然后改正错误。牛顿三定律修正了地心说和日心说，而爱因斯坦的相对论修正了牛顿三定律。作为“科学”的代言人，福奇不可能避免犯错。世界上任何科学家都会犯错误，尤其是新冠肺炎疫情爆发时我们对它一无所知。但福奇能够纠正错误，证明自己是一名合格的科学家。不幸的是，人类总是期望一个无所不能的人来领导世界。</blockquote></p><p> Let's go back to the conference itself – a third dose of vaccination. My reviews made on August 9 have been attached to the document of the conference held yesterday.</p><p><blockquote>让我们回到会议本身——第三剂疫苗接种。我在8月9日提出的意见已附在昨天举行的会议的文件中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e979faf16460fd4e5ec86dd322b685d\" tg-width=\"1222\" tg-height=\"495\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In addition, the document also summarizes different studies on the decline of vaccine effectiveness. From the point of view of infection, the protective effect of the mRNA vaccine attenuates significantly after 3 to 6 months (Figure&nbsp;1); from the point of view of hospitalized serious illness, the effectiveness of mRNA vaccine is not bad after 3-6 months (Figure&nbsp;2).</p><p><blockquote>此外，论文还总结了关于疫苗有效性下降的不同研究。从感染的角度来看，mRNA疫苗的保护作用在3~6个月后明显减弱（图1）；从住院重症来看，mRNA疫苗在3-6个月后效果还不错（图2）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fc3282dd52e287ddb48be0989bc0085\" tg-width=\"283\" tg-height=\"137\" width=\"100%\" height=\"auto\"><span>Figure 1</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2053e9ea4f27c6c68cce44d11f8a5ba3\" tg-width=\"292\" tg-height=\"140\" width=\"100%\" height=\"auto\"><span>Figure 2</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2</span></p></blockquote></p><p> Regarding the Delta variants, the document cited relatively few studies, but confirmed two points: (1) The effectiveness of the vaccine against the Delta variants has dropped significantly, with a study showing a decrease from 92% to 64%; (2) Higher levels of antibody may be more effective for Delta variants.</p><p><blockquote>关于德尔塔变异株，该文件引用的研究相对较少，但证实了两点：（1）疫苗对德尔塔变异株的有效性显著下降，一项研究显示从92%降至64%；（2）更高水平的抗体可能对δ变体更有效。</blockquote></p><p> To sum up, why do we have to get a third dose of the COVID-19 vaccine? Primarily, the antibody levels will naturally decrease. Then, the vaccine does not work well for the Delta variants.</p><p><blockquote>综上所述，为什么我们必须接种第三剂新冠肺炎疫苗？首先，抗体水平会自然下降。然后，疫苗对Delta变种不起作用。</blockquote></p><p> <b>Through this conference, we also need to recognize the following points:</b></p><p><blockquote><b>通过这次大会，我们还需要认识到以下几点：</b></blockquote></p><p> 1. Regardless of the technology of the vaccine itself, the antibody levels in the human body will always naturally decline. This may be a defect in human genes. Not only the coronavirus antibody, but the flu antibody levels will naturally decrease in our body. No one flu vaccine can be used once and for all, though it has been developed for so long. The same situation can happen to coronavirus vaccines, too.</p><p><blockquote>1、无论疫苗本身的技术如何，人体内的抗体水平总会自然下降。这可能是人类基因的缺陷。不仅是冠状病毒抗体，我们体内的流感抗体水平也会自然下降。没有一种流感疫苗可以一劳永逸地使用，尽管它已经开发了这么久。同样的情况也可能发生在冠状病毒疫苗上。</blockquote></p><p></p><p> 2. The current vaccine is not developed for the Delta variants, so its effectiveness attenuates. Pharmaceutical companies are likely to open a vaccine specifically targeted at the Delta variants, which can be combined with the original vaccine ingredients to become a \"two-valent coronavirus vaccine,\" but it will take time.</p><p><blockquote>2.目前的疫苗不是针对德尔塔变异株开发的，因此其有效性减弱。制药公司很可能会开放一种专门针对德尔塔变异株的疫苗，这种疫苗可以与原有的疫苗成分结合，成为“二价冠状病毒疫苗”，但这需要时间。</blockquote></p><p> 3. No vaccine can be taken once and for all, so a good vaccine is the one with a higher antibody level. Both mRNA and inactivated vaccines have the issue of antibody effectiveness attenuation, which means that there will also be a third and fourth injection. However, the key for human beings to coexist with the virus lies in how to develop a vaccine with a longer duration of injection.</p><p><blockquote>3、任何疫苗都不能一劳永逸，所以好的疫苗是抗体水平较高的疫苗。mRNA和灭活疫苗都存在抗体效力减弱的问题，这意味着还会有第三针和第四针。然而，人类与病毒共存的关键在于如何研发注射持续时间更长的疫苗。</blockquote></p><p> <b>In a word, two doses within a year will be the norm.</b></p><p><blockquote><b>总之，一年内接种两剂将是常态。</b></blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179587518","content_text":"I have to acknowledge that the United States is the most courageous country, the first in the world to admit that the effectiveness of vaccines will decline.\nIt took less than a week from the initial trend of taking a third dose to the White House's press conference yesterday, suggesting that the current strong rebound of the epidemic in the United States has forced the officials to quickly advance the injection of a third dose. At present, the Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) have not officially announced the shot of a third dose, but the various departments, under the leadership of Biden, will cooperate closely. There are reasons to believe that the official announcement on a third dose made by the FDA and CDC will come soon.\nHolding the conference on the vaccination of a third dose in the United States is a double-edged sword. People who are willing to be vaccinated will be better protected, but those who are unwilling to be vaccinated will be more reluctant to do so. The current shortcomings of group vaccination in the United States still lie in the unwillingness of conservatives to vaccinate. The conservatives suspect that the government is conspiring to implant the chip into the human body. The more things the government encourages, the more people must oppose it. This phenomenon is particularly noticeable in the United States. But there are countless pieces of empirical evidence showing that even if people have received two doses, they still have a high risk of contracting the disease when exposing to the unvaccinated. For the safety of the people who are willing to get the vaccination, a third dose must be introduced now.\nFour politicians and experts, one of whom was Fauci, were invited to the conference. Although Fauci owns Biden's strong support, the Biden government will deliberately downplay his personal style. Regarding Fauci, there are many controversies. The core reason is that some of Fauci's remarks are inconsistent—for example, his attitude about wearing masks. However, the problem is not with Fauci, but with human beings.\nHuman beings have always advocated a certain spirit for thousands of years. From the previous \"god\" to the current \"science,\" the spirit has always been based on something abstract. But the essence of \"science\" lies in its daring to admit its mistakes and then correct them. Newton's three laws corrected the geocentric theory and heliocentric theory, while Einstein's theory of relativity corrected Newton's three laws. As the spokesperson of \"science,\" it is impossible for Fauci to avoid making mistakes. Any scientist in the world will make mistakes, especially that we knew nothing about COVID-19 when it broke out. But Fauci can correct his mistakes, proving that he is a qualified scientist. Unfortunately, mankind always expects an omnipotent person to lead the world.\nLet's go back to the conference itself – a third dose of vaccination. My reviews made on August 9 have been attached to the document of the conference held yesterday.\n\nIn addition, the document also summarizes different studies on the decline of vaccine effectiveness. From the point of view of infection, the protective effect of the mRNA vaccine attenuates significantly after 3 to 6 months (Figure 1); from the point of view of hospitalized serious illness, the effectiveness of mRNA vaccine is not bad after 3-6 months (Figure 2).\nFigure 1\nFigure 2\nRegarding the Delta variants, the document cited relatively few studies, but confirmed two points: (1) The effectiveness of the vaccine against the Delta variants has dropped significantly, with a study showing a decrease from 92% to 64%; (2) Higher levels of antibody may be more effective for Delta variants.\nTo sum up, why do we have to get a third dose of the COVID-19 vaccine? Primarily, the antibody levels will naturally decrease. Then, the vaccine does not work well for the Delta variants.\nThrough this conference, we also need to recognize the following points:\n1. Regardless of the technology of the vaccine itself, the antibody levels in the human body will always naturally decline. This may be a defect in human genes. Not only the coronavirus antibody, but the flu antibody levels will naturally decrease in our body. No one flu vaccine can be used once and for all, though it has been developed for so long. The same situation can happen to coronavirus vaccines, too.\n2. The current vaccine is not developed for the Delta variants, so its effectiveness attenuates. Pharmaceutical companies are likely to open a vaccine specifically targeted at the Delta variants, which can be combined with the original vaccine ingredients to become a \"two-valent coronavirus vaccine,\" but it will take time.\n3. No vaccine can be taken once and for all, so a good vaccine is the one with a higher antibody level. Both mRNA and inactivated vaccines have the issue of antibody effectiveness attenuation, which means that there will also be a third and fourth injection. However, the key for human beings to coexist with the virus lies in how to develop a vaccine with a longer duration of injection.\nIn a word, two doses within a year will be the norm.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830050152,"gmtCreate":1628995113676,"gmtModify":1633688097534,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Stay safe by getting vaccinated &amp; wearing your masks. Reduce infections &amp; fatalities to return todaily norm.","listText":"Stay safe by getting vaccinated &amp; wearing your masks. Reduce infections &amp; fatalities to return todaily norm.","text":"Stay safe by getting vaccinated & wearing your masks. Reduce infections & fatalities to return todaily norm.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830050152","repostId":"1141206470","repostType":4,"repost":{"id":"1141206470","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":1628861824,"share":"https://www.laohunote.com/m/news/1141206470?lang=zh_CN&edition=full","pubTime":"2021-08-13 21:37","market":"us","language":"en","title":"BioNTech, Moderna Rise On Nod To Booster For Those With Weak Immunity<blockquote>BioNTech 和 Moderna Rise 为免疫力低下的人提供加强剂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141206470","media":"Tiger Newspress","summary":"BioNTech and Moderna stocks were up in early trading following the FDA authorizing Covid-19 booster ","content":"<p>BioNTech&nbsp;and Moderna&nbsp;stocks were up in&nbsp;early&nbsp;trading following the FDA authorizing Covid-19 booster shots for people with weak immunity.</p><p><blockquote>在 FDA 授权为免疫力较弱的人注射 Covid-19 加强针后，BioNTech 和 Moderna 的股票在早盘交易中上涨。</blockquote></p><p> BioNTech was up 3% and Moderna gained 3%, while Pfizer&nbsp;, which has jointly developed the two-dose mRNA vaccine with BioNTech, was up 2%.</p><p><blockquote>BioNTech 上涨 3%，Moderna 上涨 3%，而与 BioNTech 联合开发两剂 mRNA 疫苗的辉瑞上涨 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/18d1d9877f2ba36a61eaf23f41b8914f\" tg-width=\"898\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Late on Thursday, the U.S. Food and Drug Administration&nbsp;authorized a booster doseof vaccines from Pfizer Inc(PFE.N)and Moderna Inc(MRNA.O)for people with compromised immune systems.</p><p><blockquote>周四晚间，美国。美国食品和药物管理局授权辉瑞公司（PFE.N）和Moderna公司（MRNA.O）为免疫系统受损的人提供加强剂量的疫苗。</blockquote></p><p> Pfizer, along with its German partner BioNTech , and Moderna have together locked up over $60 billion in sales of the shots just in 2021 and 2022. The agreements include supply of the initial two doses of their vaccines as well as billions of dollars in potential boosters for wealthy nations.</p><p><blockquote>辉瑞及其德国合作伙伴 BioNTech 和 Moderna 仅在 2021 年和 2022 年就锁定了超过 600 亿美元的疫苗销售额。这些协议包括供应前两剂疫苗，以及向富裕国家提供数十亿美元的潜在加强剂。</blockquote></p><p> Going forward, analysts have forecast revenue of over $6.6 billion for the Pfizer/BioNTech shot and $7.6 billion for Moderna in 2023, mostly from booster sales. They eventually see the annual market settling at around $5 billion or higher, with additional drugmakers competing for those sales.</p><p><blockquote>展望未来，分析师预计辉瑞/BioNTech shot 的收入将超过 66 亿美元，Moderna 的收入将超过 76 亿美元，主要来自加强剂销售。他们最终看到年度市场稳定在50亿美元左右或更高，更多的制药商将争夺这些销售额。</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>BioNTech, Moderna Rise On Nod To Booster For Those With Weak Immunity<blockquote>BioNTech 和 Moderna Rise 为免疫力低下的人提供加强剂</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\">\nBioNTech, Moderna Rise On Nod To Booster For Those With Weak Immunity<blockquote>BioNTech 和 Moderna Rise 为免疫力低下的人提供加强剂</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\">2021-08-13 21:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>BioNTech&nbsp;and Moderna&nbsp;stocks were up in&nbsp;early&nbsp;trading following the FDA authorizing Covid-19 booster shots for people with weak immunity.</p><p><blockquote>在 FDA 授权为免疫力较弱的人注射 Covid-19 加强针后，BioNTech 和 Moderna 的股票在早盘交易中上涨。</blockquote></p><p> BioNTech was up 3% and Moderna gained 3%, while Pfizer&nbsp;, which has jointly developed the two-dose mRNA vaccine with BioNTech, was up 2%.</p><p><blockquote>BioNTech 上涨 3%，Moderna 上涨 3%，而与 BioNTech 联合开发两剂 mRNA 疫苗的辉瑞上涨 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/18d1d9877f2ba36a61eaf23f41b8914f\" tg-width=\"898\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Late on Thursday, the U.S. Food and Drug Administration&nbsp;authorized a booster doseof vaccines from Pfizer Inc(PFE.N)and Moderna Inc(MRNA.O)for people with compromised immune systems.</p><p><blockquote>周四晚间，美国。美国食品和药物管理局授权辉瑞公司（PFE.N）和Moderna公司（MRNA.O）为免疫系统受损的人提供加强剂量的疫苗。</blockquote></p><p> Pfizer, along with its German partner BioNTech , and Moderna have together locked up over $60 billion in sales of the shots just in 2021 and 2022. The agreements include supply of the initial two doses of their vaccines as well as billions of dollars in potential boosters for wealthy nations.</p><p><blockquote>辉瑞及其德国合作伙伴 BioNTech 和 Moderna 仅在 2021 年和 2022 年就锁定了超过 600 亿美元的疫苗销售额。这些协议包括供应前两剂疫苗，以及向富裕国家提供数十亿美元的潜在加强剂。</blockquote></p><p> Going forward, analysts have forecast revenue of over $6.6 billion for the Pfizer/BioNTech shot and $7.6 billion for Moderna in 2023, mostly from booster sales. They eventually see the annual market settling at around $5 billion or higher, with additional drugmakers competing for those sales.</p><p><blockquote>展望未来，分析师预计辉瑞/BioNTech shot 的收入将超过 66 亿美元，Moderna 的收入将超过 76 亿美元，主要来自加强剂销售。他们最终看到年度市场稳定在50亿美元左右或更高，更多的制药商将争夺这些销售额。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","BNTX":"BioNTech SE","PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141206470","content_text":"BioNTech and Moderna stocks were up in early trading following the FDA authorizing Covid-19 booster shots for people with weak immunity.\nBioNTech was up 3% and Moderna gained 3%, while Pfizer , which has jointly developed the two-dose mRNA vaccine with BioNTech, was up 2%.\n\nLate on Thursday, the U.S. Food and Drug Administration authorized a booster doseof vaccines from Pfizer Inc(PFE.N)and Moderna Inc(MRNA.O)for people with compromised immune systems.\nPfizer, along with its German partner BioNTech , and Moderna have together locked up over $60 billion in sales of the shots just in 2021 and 2022. The agreements include supply of the initial two doses of their vaccines as well as billions of dollars in potential boosters for wealthy nations.\nGoing forward, analysts have forecast revenue of over $6.6 billion for the Pfizer/BioNTech shot and $7.6 billion for Moderna in 2023, mostly from booster sales. They eventually see the annual market settling at around $5 billion or higher, with additional drugmakers competing for those sales.","news_type":1,"symbols_score_info":{"MRNA":0.9,"PFE":0.9,"BNTX":0.9}},"isVote":1,"tweetType":1,"viewCount":3635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894917435,"gmtCreate":1628782198127,"gmtModify":1633689508373,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Nio is slowly but surely a up &amp; coming company!","listText":"Nio is slowly but surely a up &amp; coming company!","text":"Nio is slowly but surely a up & coming company!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894917435","repostId":"1158059019","repostType":4,"repost":{"id":"1158059019","kind":"news","pubTimestamp":1628723143,"share":"https://www.laohunote.com/m/news/1158059019?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:05","market":"us","language":"en","title":"Nio released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。与特斯拉、福特和其他竞争对手相比，如何对其股票进行估值</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158059019","media":"Market Wacth","summary":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle mak","content":"<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker’s prospects.</p><p><blockquote>蔚来可能是一家相对较小的公司。但投资者看好这家中国电动汽车制造商的前景。</blockquote></p><p> Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co., which was founded in 1903.</p><p><blockquote>中国电动汽车制造商蔚来在美国不销售汽车，市值为 602 亿美元。按此衡量，它大于<a href=\"https://laohu8.com/S/F\">福特</a>汽车公司，成立于1903年。</blockquote></p><p> That might make sense to you as an investor — after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford’s have almost doubled after cratering in the previous decade.</p><p><blockquote>作为投资者，这对您来说可能有意义——毕竟，蔚来是一家只销售电动汽车的创新型公司。福特是一家传统汽车制造商，正在努力迎头赶上，并最终全面过渡到电动汽车。蔚来的股价在过去一年里上涨了两倍多，而福特的股价在前十年一落千丈后几乎翻了一番。</blockquote></p><p> So where does NioNIO,-0.57%,which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p><p><blockquote>那么，周三股市收盘后公布第二季度业绩的 NioNIO（-0.57%）在投资论点中处于什么位置呢？下面的屏幕显示了其股票估值与汽车产量的比较，以及该估值与 2025 年的预计收益有何关系。</blockquote></p><p> Doubling car production</p><p><blockquote>汽车产量翻倍</blockquote></p><p> For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p><p><blockquote>第二季度，蔚来交付了21,896辆汽车，同比增长112%。增长令人印象深刻，但销售的车辆总数仍然相对较少。</blockquote></p><p> Here’s a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:<img src=\"https://static.tigerbbs.com/aab892102ecbb4cc4eda647df8269bb9\" tg-width=\"791\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Click on the tickers for more about each company.</p><p><blockquote>以下是市值最大的 10 家汽车制造商，以及它们第二季度的销量或交付量（如果两者都有报告，以较高者为准）和表格下方的其他颜色：单击股票代码了解有关每家公司的更多信息。</blockquote></p><p> You can see that those valuations are about the future, when innovators in the EV space — Tesla Inc.TSLA,-0.31%and Nio, on this list — may (or may not) become as large as legacy players.</p><p><blockquote>你可以看到，这些估值是关于未来的，届时电动汽车领域的创新者——特斯拉公司 TSLA，-0.31% 和蔚来（在这份名单上）——可能（也可能不会）变得像传统企业一样大。</blockquote></p><p> For now, FordF,+0.80%churns out mostly internal combustion engine (ICE) vehicles at nearly 35 times the rate that Nio makes EVs.</p><p><blockquote>目前，福特 F,+0.80% 主要生产内燃机 (ICE) 汽车，其生产率几乎是蔚来电动汽车生产率的 35 倍。</blockquote></p><p> One thing to be aware of is that the legacy auto makers don’t all report their unit sales the same way. Most don’t break out electric vehicle sales.</p><p><blockquote>需要注意的一点是，传统汽车制造商报告销量的方式并不相同。大多数人都没有透露电动汽车的销售情况。</blockquote></p><p> Among those that do, definitions vary. For example, Toyota Motor Corp.TM,+0.82%7203,+0.98%reported that “electrified vehicle” sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p><p><blockquote>其中，定义各不相同。例如，丰田汽车公司报告称，第二季度“电动汽车”销量占汽车总销量的26.6%。但该类别包括：</blockquote></p><p> <ul>  <li>HEV – hybrid EVs that are not plug-ins.</li>  <li>PHEV – plug-in electric vehicles.</li>  <li>BEV – battery electric vehicles.</li>  <li>FCEV – fuel-cell electric vehicles.</li> </ul> For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota’s PHEV sales made up 1.4% of the total.</p><p><blockquote><ul><li>HEV——非插电式混合动力电动汽车。</li><li>插电式电动汽车。</li><li>BEV——纯电动汽车。</li><li>FCEV——燃料电池电动汽车。</li></ul>对于丰田来说，纯电动汽车仅占第二季度销量的0.2%，而它们占蔚来和特斯拉销量的100%。丰田的插电式混合动力汽车销量占总销量的 1.4%。</blockquote></p><p> Volkswagen AGVWAGY,+1.52%VOW,+0.60%reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p><p><blockquote>大众汽车 AGVWAGY,+1.52%VOW,+0.60% 报告电动汽车销量包括 PHEV（占第二季度销量的 6.7%）和 BEV（占总销量的 4.4%）。这些数字令人印象深刻：合计11.1%。</blockquote></p><p> For Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%,better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn’t yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p><p><blockquote>对于 Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56% BMW,+0.54%，更广为人知的名称是 BWM 集团，第二季度电动汽车交付明细尚未公布，但 2021 年上半年，交付了 153,243 辆全电动或插电式混合动力汽车，占总交付量的 11.4%。</blockquote></p><p> Valuation to earnings estimates</p><p><blockquote>估值与盈利预测</blockquote></p><p> For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc.AMZN,-0.86%,which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p><p><blockquote>对于处于早期阶段的公司来说，市盈率的比较可能意义不大。这些公司关注的是增长而不是利润。一个例子是<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>Inc.AMZN，-0.86%，几十年来一直以高市盈率进行交易，因为它一直在努力扩展到新的业务线，而牺牲了利润。</blockquote></p><p> A high P/E ratio can reflect investors’ enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p><p><blockquote>高市盈率可以反映投资者对创新的热情，就电动汽车而言，也可以反映投资者对行业转型的政治共识。因此，蔚来和特斯拉的市盈率远高于传统汽车制造商。</blockquote></p><p> Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p><p><blockquote>话又说回来，非常低的市盈率可能表明投资者对老牌制造商过于蔑视，因为他们利用传统汽车持续大量销售的现金流来资助电动汽车的开发。机会可能会被强调。</blockquote></p><p> Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn’t available for all the companies listed here, so we’re using consensus estimates for net income for calendar 2022.</p><p><blockquote>通常，远期市盈率的计算方法是将股价除以 12 个月每股收益的滚动共识估计。这并不适用于此处列出的所有公司，因此我们使用的是对 2022 年净利润的共识估计。</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/FBNC\">First</a>, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:<img src=\"https://static.tigerbbs.com/40736da9fceac6db6166c509e26745b4\" tg-width=\"786\" tg-height=\"541\" referrerpolicy=\"no-referrer\">Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 IndexSPX,+0.25%trades for a weighted 20.5 times consensus 2022 EPS estimates.</p><p><blockquote><a href=\"https://laohu8.com/S/FBNC\">第一</a>以下是 FactSet 调查的分析师基于当前市值和 2022 年共识预测的市盈率。该表包括到 2025 年的年度预测，以及基于当前市值和 2025 年预测的市盈率：蔚来预计将于 2023 年实现盈利。展望2024年，其远期市盈率低于特斯拉。为了正确看待未来的市盈率估值，标普500指数 SPX,+0.25% 的交易加权 2022 年每股收益预期为 20.5 倍。</blockquote></p><p> Valuation to sales</p><p><blockquote>销售额估值</blockquote></p><p> <a href=\"https://laohu8.com/S/FORD\">Forward</a> price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: <a href=\"https://laohu8.com/S/ISBC\">Investors</a> love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla’s stock has risen 150%.</p><p><blockquote><a href=\"https://laohu8.com/S/FORD\">向前</a>市销率估算对于利润或净亏损较低的早期公司可能更有用。同样，同样的失真也适用：<a href=\"https://laohu8.com/S/ISBC\">投资者</a>我现在很喜欢纯电动汽车制造商，但考虑到蔚来的股价在过去一年里上涨了两倍多，而特斯拉的股价却上涨了 150%，你可能会为它们付出太多。</blockquote></p><p> Here’s a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:<img src=\"https://static.tigerbbs.com/c8a9291d237f12d658a1f5194ee8b9ef\" tg-width=\"783\" tg-height=\"446\" referrerpolicy=\"no-referrer\">For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p><p><blockquote>以下是一组类似的驱动市销率的数据，同样使用了当前市值（在本文顶部的第一个表格中）和以百万美元为单位的全年共识估计值：作为参考，标普500的交易价格是其 2022 年销量普遍预期的 2.7 倍。</blockquote></p><p> Analysts’ opinions</p><p><blockquote>分析师意见</blockquote></p><p> Here’s a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:<img src=\"https://static.tigerbbs.com/f738c7bce6230dbfd6e1f87a8fc98186\" tg-width=\"785\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote>以下是 FactSet 调查的分析师对 10 家汽车制造商的看法摘要。对于主要在美国境外上市的公司，使用当地股票代码。所有股价和目标均以当地货币计算：</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>Nio released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。与特斯拉、福特和其他竞争对手相比，如何对其股票进行估值</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\">\nNio released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。与特斯拉、福特和其他竞争对手相比，如何对其股票进行估值</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\">2021-08-12 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker’s prospects.</p><p><blockquote>蔚来可能是一家相对较小的公司。但投资者看好这家中国电动汽车制造商的前景。</blockquote></p><p> Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co., which was founded in 1903.</p><p><blockquote>中国电动汽车制造商蔚来在美国不销售汽车，市值为 602 亿美元。按此衡量，它大于<a href=\"https://laohu8.com/S/F\">福特</a>汽车公司，成立于1903年。</blockquote></p><p> That might make sense to you as an investor — after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford’s have almost doubled after cratering in the previous decade.</p><p><blockquote>作为投资者，这对您来说可能有意义——毕竟，蔚来是一家只销售电动汽车的创新型公司。福特是一家传统汽车制造商，正在努力迎头赶上，并最终全面过渡到电动汽车。蔚来的股价在过去一年里上涨了两倍多，而福特的股价在前十年一落千丈后几乎翻了一番。</blockquote></p><p> So where does NioNIO,-0.57%,which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p><p><blockquote>那么，周三股市收盘后公布第二季度业绩的 NioNIO（-0.57%）在投资论点中处于什么位置呢？下面的屏幕显示了其股票估值与汽车产量的比较，以及该估值与 2025 年的预计收益有何关系。</blockquote></p><p> Doubling car production</p><p><blockquote>汽车产量翻倍</blockquote></p><p> For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p><p><blockquote>第二季度，蔚来交付了21,896辆汽车，同比增长112%。增长令人印象深刻，但销售的车辆总数仍然相对较少。</blockquote></p><p> Here’s a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:<img src=\"https://static.tigerbbs.com/aab892102ecbb4cc4eda647df8269bb9\" tg-width=\"791\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Click on the tickers for more about each company.</p><p><blockquote>以下是市值最大的 10 家汽车制造商，以及它们第二季度的销量或交付量（如果两者都有报告，以较高者为准）和表格下方的其他颜色：单击股票代码了解有关每家公司的更多信息。</blockquote></p><p> You can see that those valuations are about the future, when innovators in the EV space — Tesla Inc.TSLA,-0.31%and Nio, on this list — may (or may not) become as large as legacy players.</p><p><blockquote>你可以看到，这些估值是关于未来的，届时电动汽车领域的创新者——特斯拉公司 TSLA，-0.31% 和蔚来（在这份名单上）——可能（也可能不会）变得像传统企业一样大。</blockquote></p><p> For now, FordF,+0.80%churns out mostly internal combustion engine (ICE) vehicles at nearly 35 times the rate that Nio makes EVs.</p><p><blockquote>目前，福特 F,+0.80% 主要生产内燃机 (ICE) 汽车，其生产率几乎是蔚来电动汽车生产率的 35 倍。</blockquote></p><p> One thing to be aware of is that the legacy auto makers don’t all report their unit sales the same way. Most don’t break out electric vehicle sales.</p><p><blockquote>需要注意的一点是，传统汽车制造商报告销量的方式并不相同。大多数人都没有透露电动汽车的销售情况。</blockquote></p><p> Among those that do, definitions vary. For example, Toyota Motor Corp.TM,+0.82%7203,+0.98%reported that “electrified vehicle” sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p><p><blockquote>其中，定义各不相同。例如，丰田汽车公司报告称，第二季度“电动汽车”销量占汽车总销量的26.6%。但该类别包括：</blockquote></p><p> <ul>  <li>HEV – hybrid EVs that are not plug-ins.</li>  <li>PHEV – plug-in electric vehicles.</li>  <li>BEV – battery electric vehicles.</li>  <li>FCEV – fuel-cell electric vehicles.</li> </ul> For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota’s PHEV sales made up 1.4% of the total.</p><p><blockquote><ul><li>HEV——非插电式混合动力电动汽车。</li><li>插电式电动汽车。</li><li>BEV——纯电动汽车。</li><li>FCEV——燃料电池电动汽车。</li></ul>对于丰田来说，纯电动汽车仅占第二季度销量的0.2%，而它们占蔚来和特斯拉销量的100%。丰田的插电式混合动力汽车销量占总销量的 1.4%。</blockquote></p><p> Volkswagen AGVWAGY,+1.52%VOW,+0.60%reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p><p><blockquote>大众汽车 AGVWAGY,+1.52%VOW,+0.60% 报告电动汽车销量包括 PHEV（占第二季度销量的 6.7%）和 BEV（占总销量的 4.4%）。这些数字令人印象深刻：合计11.1%。</blockquote></p><p> For Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%,better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn’t yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p><p><blockquote>对于 Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56% BMW,+0.54%，更广为人知的名称是 BWM 集团，第二季度电动汽车交付明细尚未公布，但 2021 年上半年，交付了 153,243 辆全电动或插电式混合动力汽车，占总交付量的 11.4%。</blockquote></p><p> Valuation to earnings estimates</p><p><blockquote>估值与盈利预测</blockquote></p><p> For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc.AMZN,-0.86%,which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p><p><blockquote>对于处于早期阶段的公司来说，市盈率的比较可能意义不大。这些公司关注的是增长而不是利润。一个例子是<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>Inc.AMZN，-0.86%，几十年来一直以高市盈率进行交易，因为它一直在努力扩展到新的业务线，而牺牲了利润。</blockquote></p><p> A high P/E ratio can reflect investors’ enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p><p><blockquote>高市盈率可以反映投资者对创新的热情，就电动汽车而言，也可以反映投资者对行业转型的政治共识。因此，蔚来和特斯拉的市盈率远高于传统汽车制造商。</blockquote></p><p> Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p><p><blockquote>话又说回来，非常低的市盈率可能表明投资者对老牌制造商过于蔑视，因为他们利用传统汽车持续大量销售的现金流来资助电动汽车的开发。机会可能会被强调。</blockquote></p><p> Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn’t available for all the companies listed here, so we’re using consensus estimates for net income for calendar 2022.</p><p><blockquote>通常，远期市盈率的计算方法是将股价除以 12 个月每股收益的滚动共识估计。这并不适用于此处列出的所有公司，因此我们使用的是对 2022 年净利润的共识估计。</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/FBNC\">First</a>, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:<img src=\"https://static.tigerbbs.com/40736da9fceac6db6166c509e26745b4\" tg-width=\"786\" tg-height=\"541\" referrerpolicy=\"no-referrer\">Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 IndexSPX,+0.25%trades for a weighted 20.5 times consensus 2022 EPS estimates.</p><p><blockquote><a href=\"https://laohu8.com/S/FBNC\">第一</a>以下是 FactSet 调查的分析师基于当前市值和 2022 年共识预测的市盈率。该表包括到 2025 年的年度预测，以及基于当前市值和 2025 年预测的市盈率：蔚来预计将于 2023 年实现盈利。展望2024年，其远期市盈率低于特斯拉。为了正确看待未来的市盈率估值，标普500指数 SPX,+0.25% 的交易加权 2022 年每股收益预期为 20.5 倍。</blockquote></p><p> Valuation to sales</p><p><blockquote>销售额估值</blockquote></p><p> <a href=\"https://laohu8.com/S/FORD\">Forward</a> price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: <a href=\"https://laohu8.com/S/ISBC\">Investors</a> love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla’s stock has risen 150%.</p><p><blockquote><a href=\"https://laohu8.com/S/FORD\">向前</a>市销率估算对于利润或净亏损较低的早期公司可能更有用。同样，同样的失真也适用：<a href=\"https://laohu8.com/S/ISBC\">投资者</a>我现在很喜欢纯电动汽车制造商，但考虑到蔚来的股价在过去一年里上涨了两倍多，而特斯拉的股价却上涨了 150%，你可能会为它们付出太多。</blockquote></p><p> Here’s a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:<img src=\"https://static.tigerbbs.com/c8a9291d237f12d658a1f5194ee8b9ef\" tg-width=\"783\" tg-height=\"446\" referrerpolicy=\"no-referrer\">For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p><p><blockquote>以下是一组类似的驱动市销率的数据，同样使用了当前市值（在本文顶部的第一个表格中）和以百万美元为单位的全年共识估计值：作为参考，标普500的交易价格是其 2022 年销量普遍预期的 2.7 倍。</blockquote></p><p> Analysts’ opinions</p><p><blockquote>分析师意见</blockquote></p><p> Here’s a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:<img src=\"https://static.tigerbbs.com/f738c7bce6230dbfd6e1f87a8fc98186\" tg-width=\"785\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote>以下是 FactSet 调查的分析师对 10 家汽车制造商的看法摘要。对于主要在美国境外上市的公司，使用当地股票代码。所有股价和目标均以当地货币计算：</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?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":{"NIO":"蔚来","F":"福特汽车"},"source_url":"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158059019","content_text":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker’s prospects.\nChinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.\nThat might make sense to you as an investor — after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford’s have almost doubled after cratering in the previous decade.\nSo where does NioNIO,-0.57%,which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.\nDoubling car production\nFor the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.\nHere’s a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:Click on the tickers for more about each company.\nYou can see that those valuations are about the future, when innovators in the EV space — Tesla Inc.TSLA,-0.31%and Nio, on this list — may (or may not) become as large as legacy players.\nFor now, FordF,+0.80%churns out mostly internal combustion engine (ICE) vehicles at nearly 35 times the rate that Nio makes EVs.\nOne thing to be aware of is that the legacy auto makers don’t all report their unit sales the same way. Most don’t break out electric vehicle sales.\nAmong those that do, definitions vary. For example, Toyota Motor Corp.TM,+0.82%7203,+0.98%reported that “electrified vehicle” sales made up 26.6% of total auto sales during the second quarter. But that category includes:\n\nHEV – hybrid EVs that are not plug-ins.\nPHEV – plug-in electric vehicles.\nBEV – battery electric vehicles.\nFCEV – fuel-cell electric vehicles.\n\nFor Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota’s PHEV sales made up 1.4% of the total.\nVolkswagen AGVWAGY,+1.52%VOW,+0.60%reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.\nFor Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%,better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn’t yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.\nValuation to earnings estimates\nFor companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc.AMZN,-0.86%,which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.\nA high P/E ratio can reflect investors’ enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.\nThen again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.\nNormally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn’t available for all the companies listed here, so we’re using consensus estimates for net income for calendar 2022.\nFirst, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&P 500 IndexSPX,+0.25%trades for a weighted 20.5 times consensus 2022 EPS estimates.\nValuation to sales\nForward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla’s stock has risen 150%.\nHere’s a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:For reference, the S&P 500 trades for 2.7 times its consensus 2022 sales estimate.\nAnalysts’ opinions\nHere’s a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:","news_type":1,"symbols_score_info":{"F":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896793270,"gmtCreate":1628604207490,"gmtModify":1631884235594,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Nio is going to be the no. 1 China EV company!","listText":"Nio is going to be the no. 1 China EV company!","text":"Nio is going to be the no. 1 China EV company!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/896793270","repostId":"2158479992","repostType":4,"isVote":1,"tweetType":1,"viewCount":1483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898267967,"gmtCreate":1628502213459,"gmtModify":1633746636492,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Promote FAANG?","listText":"Promote FAANG?","text":"Promote FAANG?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898267967","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":884,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893646300,"gmtCreate":1628261232300,"gmtModify":1633752135866,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:","listText":"Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:","text":"Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893646300","repostId":"1124487485","repostType":4,"repost":{"id":"1124487485","kind":"news","pubTimestamp":1628258241,"share":"https://www.laohunote.com/m/news/1124487485?lang=zh_CN&edition=full","pubTime":"2021-08-06 21:57","market":"us","language":"en","title":"Here’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124487485","media":"MarketWatch","summary":"S&P 500 sectors’ relative strength rankings are flashing red.\n\nThe U.S. stock market is nearing a to","content":"<p>  <b>S&amp;P 500 sectors’ relative strength rankings are flashing red.</b>  The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&amp;P 500 SPX, +0.08% sectors.</p><p><blockquote><b>标普500行业的相对实力排名闪烁着红色。</b>根据基于标普500 SPX过去三个月回报率（+0.08%）的领先指标，美国股市正接近顶部。</blockquote></p><p> Over the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.</p><p><blockquote>在过去牛市见顶之前的三个月里，出现了一种相当可预测的模式，即哪些行业表现最好，哪些行业表现最差。目前，各板块近期相对强弱的排名与这一模式相当接近。</blockquote></p><p> This is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.</p><p><blockquote>这是自五月中旬以来的一个重大变化，当时正如我报道的那样，这一领先指标没有检测到任何迫在眉睫的麻烦迹象。当时追踪三个月回报最好的行业并不是那些通常在见顶之前引领市场的行业，追踪三个月回报最差的行业也不是那些通常滞后的行业。</blockquote></p><p> Now, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.</p><p><blockquote>相比之下，各板块的相对强度排名与过去顶部出现的典型模式之间存在明显的相关性。</blockquote></p><p> According to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&amp;P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.</p><p><blockquote>根据 Ned Davis Research 进行的研究，公用事业、能源和金融是自 1970 年以来所有牛市最后三个月平均表现最差的标普500板块。如下图所示，这三个行业目前在过去三个月回报率排名中处于或接近底部。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8465aa12910238871b10168546466b1f\" tg-width=\"2100\" tg-height=\"1272\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull market tops. As the chart shows, these three have performed relatively well over the past three months.</p><p><blockquote>相比之下，根据 Ned Davis Research 的数据，在过去牛市见顶之前的三个月里，必需消费品、医疗保健和非必需消费品是平均表现最好的行业。如图所示，这三者在过去三个月中表现相对较好。</blockquote></p><p> To quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.</p><p><blockquote>为了量化行业相对强度排名向看跌方向移动了多少，请考虑我计算的相关系数。这一统计数据从最高值 1.0（这意味着各行业近期回报的排名与历史模式之间存在完美的一一对应关系）到负 1.0（这意味着完全的负相关关系）不等。系数为零意味着没有可检测的关系。</blockquote></p><p> In mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.</p><p><blockquote>5月中旬，该系数大幅为负0.66。相比之下，今天是正0.67。这是我在定期监测该指标时看到的较高系数之一。</blockquote></p><p> Needless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.” A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.</p><p><blockquote>不用说，这两个（也不是任何指标，就此而言）都不能保证有效。2015 年 4 月，我关于该指标的专栏文章标题为 “领先指标预示着市场见顶 ”。根据 Ned Davis Research 维护的熊市日历，一个月后熊市开始。当时盛行的相对强度排名与历史模式之间的相关系数为0.43；目前的读数更高，因此更加悲观。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 21:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>S&amp;P 500 sectors’ relative strength rankings are flashing red.</b>  The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&amp;P 500 SPX, +0.08% sectors.</p><p><blockquote><b>标普500行业的相对实力排名闪烁着红色。</b>根据基于标普500 SPX过去三个月回报率（+0.08%）的领先指标，美国股市正接近顶部。</blockquote></p><p> Over the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.</p><p><blockquote>在过去牛市见顶之前的三个月里，出现了一种相当可预测的模式，即哪些行业表现最好，哪些行业表现最差。目前，各板块近期相对强弱的排名与这一模式相当接近。</blockquote></p><p> This is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.</p><p><blockquote>这是自五月中旬以来的一个重大变化，当时正如我报道的那样，这一领先指标没有检测到任何迫在眉睫的麻烦迹象。当时追踪三个月回报最好的行业并不是那些通常在见顶之前引领市场的行业，追踪三个月回报最差的行业也不是那些通常滞后的行业。</blockquote></p><p> Now, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.</p><p><blockquote>相比之下，各板块的相对强度排名与过去顶部出现的典型模式之间存在明显的相关性。</blockquote></p><p> According to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&amp;P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.</p><p><blockquote>根据 Ned Davis Research 进行的研究，公用事业、能源和金融是自 1970 年以来所有牛市最后三个月平均表现最差的标普500板块。如下图所示，这三个行业目前在过去三个月回报率排名中处于或接近底部。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8465aa12910238871b10168546466b1f\" tg-width=\"2100\" tg-height=\"1272\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull market tops. As the chart shows, these three have performed relatively well over the past three months.</p><p><blockquote>相比之下，根据 Ned Davis Research 的数据，在过去牛市见顶之前的三个月里，必需消费品、医疗保健和非必需消费品是平均表现最好的行业。如图所示，这三者在过去三个月中表现相对较好。</blockquote></p><p> To quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.</p><p><blockquote>为了量化行业相对强度排名向看跌方向移动了多少，请考虑我计算的相关系数。这一统计数据从最高值 1.0（这意味着各行业近期回报的排名与历史模式之间存在完美的一一对应关系）到负 1.0（这意味着完全的负相关关系）不等。系数为零意味着没有可检测的关系。</blockquote></p><p> In mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.</p><p><blockquote>5月中旬，该系数大幅为负0.66。相比之下，今天是正0.67。这是我在定期监测该指标时看到的较高系数之一。</blockquote></p><p> Needless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.” A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.</p><p><blockquote>不用说，这两个（也不是任何指标，就此而言）都不能保证有效。2015 年 4 月，我关于该指标的专栏文章标题为 “领先指标预示着市场见顶 ”。根据 Ned Davis Research 维护的熊市日历，一个月后熊市开始。当时盛行的相对强度排名与历史模式之间的相关系数为0.43；目前的读数更高，因此更加悲观。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124487485","content_text":"S&P 500 sectors’ relative strength rankings are flashing red.\n\nThe U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&P 500 SPX, +0.08% sectors.\nOver the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.\nThis is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.\nNow, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.\nAccording to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.\n\nIn contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull market tops. As the chart shows, these three have performed relatively well over the past three months.\nTo quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.\nIn mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.\nNeedless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.” A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802807569,"gmtCreate":1627744802151,"gmtModify":1633756687037,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Good plan that lets you sleep easy","listText":"Good plan that lets you sleep easy","text":"Good plan that lets you sleep easy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802807569","repostId":"1127411624","repostType":4,"repost":{"id":"1127411624","kind":"news","pubTimestamp":1627715622,"share":"https://www.laohunote.com/m/news/1127411624?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:13","market":"us","language":"en","title":"Here’s your to-do list before the stock market’s next dive<blockquote>以下是您在股市下一次暴跌前的待办事项清单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127411624","media":"MarketWatch","summary":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, t","content":"<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日从洞穴中走了出来。当天，道琼斯工业平均指数JIA,-0.42%下跌725点，跌幅2.1%。熊队打出了本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>和往常一样，每个人都想知道市场下跌的原因，分析师们也准备好了答案，从 COVID-19 的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售的原因有很多，所以把责任归咎于一个事件是荒谬的。也就是说，导致销量下降的一个重要因素是自动的、计算机生成的销售。一旦大型市场参与者，尤其是算法，开始出售，就会出现疯狂的抢购潮。没有人愿意成为最后一个出局的人，因此零售商和机构在恐慌中抛售，随着时间的推移，恐慌变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI-0.54%在周线上为71.36，这是一个极度超买的读数。这是否意味着明天指数将暴跌？没人知道。但RSI给出了美国市场处于危险地带的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息：熊队无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>空头还没来得及说 “我早就告诉过你 ”，第二天，也就是 7 月 20 日，道琼斯指数 700 多点的抛售就被道琼斯指数 550 点的反弹抹去了。公牛队忘记了抛售，重新开始庆祝，一杯接一杯地啜饮着他们最喜欢的饮料 “bull-ade”。风暴又一次过去了，但这一次，公牛队的心中却涌起了一丝恐惧。以前，唯一的恐惧就是害怕错过下一次集会。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌时，您又经历了各种情绪，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1. 如果你惊慌失措</b>：不要做某事；坐那儿。不买，不卖，坐稳就行了。事实上，关闭电脑或其他设备。不要担心那天丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定下来时，重新评估你所拥有的。不要在这样的日子里做出任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2. 如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场清醒过来时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3. 如果您不受影响：</b>尽管如此，检查你的投资组合，以确保你是适当的多元化。虽然人们不在乎市场是否下跌，但一定要为最坏的情况做好对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取哪些具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他财务决定。让我们来看看一些可能有所帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您拥有的股票或指数跌破 200 天移动平均线，请卖出。注：标准普尔 500SPX,-0.54% 等主要指数十年来从未跌破（并一直低于）其 200 天平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么，都要遵循它。</li><li>指数基金的美元成本平均值。</li><li>多样化。这是股市和人生成功的关键。如果您只拥有股票，请考虑债券，但在采取这一步之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天，这种策略不会奏效，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是一个产生额外收入的好方法。这种策略也是处理不需要的库存并获得报酬的理想选择。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>经过 13 年的牛市，美国股市的时间正在流逝。虽然多头这次又取得了胜利，但总有一天市场不会逆转方向，会开始大幅回调，甚至更糟的是，会进入熊市。这时，你会庆幸自己有一个计划和一个投资脚本，可以在最糟糕的日子里遵循。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解自己拥有什么，卖出到 “睡个好觉 ”点，分散投资各种金融产品，包括现金和债券。这样，当市场再次暴跌时，你就不会做出情绪化的决定，也不会焦虑发作。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s your to-do list before the stock market’s next dive<blockquote>以下是您在股市下一次暴跌前的待办事项清单</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s your to-do list before the stock market’s next dive<blockquote>以下是您在股市下一次暴跌前的待办事项清单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日从洞穴中走了出来。当天，道琼斯工业平均指数JIA,-0.42%下跌725点，跌幅2.1%。熊队打出了本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>和往常一样，每个人都想知道市场下跌的原因，分析师们也准备好了答案，从 COVID-19 的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售的原因有很多，所以把责任归咎于一个事件是荒谬的。也就是说，导致销量下降的一个重要因素是自动的、计算机生成的销售。一旦大型市场参与者，尤其是算法，开始出售，就会出现疯狂的抢购潮。没有人愿意成为最后一个出局的人，因此零售商和机构在恐慌中抛售，随着时间的推移，恐慌变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI-0.54%在周线上为71.36，这是一个极度超买的读数。这是否意味着明天指数将暴跌？没人知道。但RSI给出了美国市场处于危险地带的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息：熊队无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>空头还没来得及说 “我早就告诉过你 ”，第二天，也就是 7 月 20 日，道琼斯指数 700 多点的抛售就被道琼斯指数 550 点的反弹抹去了。公牛队忘记了抛售，重新开始庆祝，一杯接一杯地啜饮着他们最喜欢的饮料 “bull-ade”。风暴又一次过去了，但这一次，公牛队的心中却涌起了一丝恐惧。以前，唯一的恐惧就是害怕错过下一次集会。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌时，您又经历了各种情绪，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1. 如果你惊慌失措</b>：不要做某事；坐那儿。不买，不卖，坐稳就行了。事实上，关闭电脑或其他设备。不要担心那天丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定下来时，重新评估你所拥有的。不要在这样的日子里做出任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2. 如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场清醒过来时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3. 如果您不受影响：</b>尽管如此，检查你的投资组合，以确保你是适当的多元化。虽然人们不在乎市场是否下跌，但一定要为最坏的情况做好对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取哪些具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他财务决定。让我们来看看一些可能有所帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您拥有的股票或指数跌破 200 天移动平均线，请卖出。注：标准普尔 500SPX,-0.54% 等主要指数十年来从未跌破（并一直低于）其 200 天平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么，都要遵循它。</li><li>指数基金的美元成本平均值。</li><li>多样化。这是股市和人生成功的关键。如果您只拥有股票，请考虑债券，但在采取这一步之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天，这种策略不会奏效，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是一个产生额外收入的好方法。这种策略也是处理不需要的库存并获得报酬的理想选择。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>经过 13 年的牛市，美国股市的时间正在流逝。虽然多头这次又取得了胜利，但总有一天市场不会逆转方向，会开始大幅回调，甚至更糟的是，会进入熊市。这时，你会庆幸自己有一个计划和一个投资脚本，可以在最糟糕的日子里遵循。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解自己拥有什么，卖出到 “睡个好觉 ”点，分散投资各种金融产品，包括现金和债券。这样，当市场再次暴跌时，你就不会做出情绪化的决定，也不会焦虑发作。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127411624","content_text":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.\nAs usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.\nThe truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.\nTechnical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.  After the July 26 market close, the RSI of the S&P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.\nThe bad news bears can’t catch a break\nBefore the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.\nWhat to do now\nThe next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:\n1. If you’re panicked: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.\n2. If you’re afraid: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.\n3. If you’re unaffected:Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.\nWhat specific actions should you take?\nNow that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:\n\nSell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard & Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.\nCreate a long-term investment plan and follow it no matter what happens in the short term.\nDollar-cost average into index funds.\nDiversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.\nBuy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.\nSell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.\n\nPlan for the next correction or bear market\nAfter a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.\nKnow what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802807064,"gmtCreate":1627744697458,"gmtModify":1633756687864,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Good read for overall investment&nbsp;strategy","listText":"Good read for overall investment&nbsp;strategy","text":"Good read for overall investment strategy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802807064","repostId":"1147779023","repostType":4,"repost":{"id":"1147779023","kind":"news","pubTimestamp":1627716124,"share":"https://www.laohunote.com/m/news/1147779023?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:22","market":"us","language":"en","title":"You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147779023","media":"MarketWatch","summary":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fu","content":"<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键教训。</b>投资是一场艰难的游戏。这就是为什么这么多共同基金落后于指数的原因。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你发现一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>美国世纪聚焦动态增长基金CFSX符合要求。据 toMorningstar 称，这只 28 亿美元的基金在过去三年和五年中的年化表现超过了罗素 1000 增长指数 6 个百分点以上。五年来，它的年化表现优于高增长类别 8.6 个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由 Prabha Ram 共同管理，我最近采访了他。拉姆在印度长大，后来来到美国，在缅因大学担任助教，并获得了计算机科学硕士学位。她随后在宾夕法尼亚大学沃顿商学院获得了工商管理硕士学位。拉姆和其他三位投资组合经理自 2016 年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的例子。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1. 拥有能够在大市场“落地并扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司的大部分业务仍然停留在纸面上。Bill.comBill想改变这一点。该公司由首席执行官 René Lacerte 创立，他于 20 世纪 90 年代末创办了在线薪资公司 PayCycle，后来被 Intuit 收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com 帮助小型企业在应付账款和应收账款方面实现数字化。但这仅仅是开始。一旦进入公司，Bill.com 就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com 在客户身上 “落地并扩张 ”，但它也利用客户的商业伙伴来建立潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“拉姆说：”每个供应商都是网络成员，即使它不是 Bill.com 的客户。这个网络有大约250万成员。Bill.com 还从其合作伙伴那里获得了潜在客户，包括美国银行 BAC、摩根大通 JPM 和美国运通 XP。第一季度销售额增长了 45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们通常跑赢大盘。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2. 寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>拉姆的投资组合中包括明显的创新者，包括特斯拉斯拉、亚马逊、Amazon.comAMZNand 和 AlphabetGOOGL，她的前三名。让我们超越技术--啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在 20 世纪 80 年代，波士顿啤酒创始人吉姆-科赫（Jim Koch）就开始从啤酒巨头百威英博（Anheuser-Busch）和喜力喜力（Heinekenheiny）手中分一杯羹，推出了成功的 “手工 ”啤酒，从塞缪尔-亚当斯（Samuel Adams）开始。科赫帮助发明了精酿啤酒类别，本质上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味酿造更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在 2015 年至 2017 年期间由于啤酒销售总体持平而停滞不前。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们之所以被该公司吸引，是因为它的创新历史，”拉姆说，他指的是她的基金从 2016 年第二季度开始的早期仓位。“由于啤酒市场趋于平稳，股票表现不佳，但他们推出了真正的硬苏打水。Truly 比我们预期的要成功。它创造了一个新的品类”。</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒的这种创新倾向帮助拉姆的基金保持了名字。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去展示过创新技巧的人领导的公司。创新的管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们打赌他们会再次渡过难关。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。7 月 23 日，波士顿啤酒股价下跌 20%，因为太多竞争对手进入了烈性苹果酒市场。由于该公司提高广告成本以应对竞争，销售额增长了 33%，但净利润下降了 1.6%。由于预计销售增长放缓，该公司下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但先别排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>“波士顿啤酒公司的科赫说：”我们最近宣布了与 Beam Suntory 合作开发新型创新饮料的计划，并计划于 2022 年初推出。梁三得利出售吉姆梁威士忌和其他品牌的烈酒。“我们相信，随着饮酒者喜好的演变，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3. 寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不太在意当地的瑜伽教练是否可以接受信用卡付款。Squaresq认为这是一个机会。于是它在2009年推出了卡支付设备业务。从那时起，它通过接受更大的客户，并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而发展壮大。第一季度基于交易的收入增长了 27%，订阅和服务收入飙升了 88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一个很好的例子，说明一家公司创造了一个利基市场。但它也是一家 “土地和扩张 ”的公司，因为它通过为客户提供新服务而发展壮大。这两种品质都有助于公司保持 Ram 喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4、买入处于快速增长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一个方法是确定开发将改变整个行业的产品的公司。Ram 认为 Alnylam PharmaceuticalsALNY 就是这种情况。它正在开发一种名为 RNA 干扰（RNAi）的新疗法。在体内，信使RNA（mRNA）根据RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种治疗罕见遗传性疾病的基于RNAi的药物获得批准。该公司还有十几种其他疗法正在进行临床研究，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“拉姆说：”这是一个全新的治疗领域。“这是一个可以治疗多种疾病的产品平台”。</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>以上所有名字都是拉姆基金的重仓股，这告诉我拉姆和她的团队认为他们的上涨空间要大得多。不过，如果您购买其中任何一种，请记住您必须在多年的时间范围内购买。拉姆基金就是这么做的。它的年投资组合周转率很低，仅为 27%。重要的是要有长远的眼光，因为很难看涨期权股市或股票的短期走势，你需要给公司发展的时间。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</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\">\nYou can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键教训。</b>投资是一场艰难的游戏。这就是为什么这么多共同基金落后于指数的原因。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你发现一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>美国世纪聚焦动态增长基金CFSX符合要求。据 toMorningstar 称，这只 28 亿美元的基金在过去三年和五年中的年化表现超过了罗素 1000 增长指数 6 个百分点以上。五年来，它的年化表现优于高增长类别 8.6 个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由 Prabha Ram 共同管理，我最近采访了他。拉姆在印度长大，后来来到美国，在缅因大学担任助教，并获得了计算机科学硕士学位。她随后在宾夕法尼亚大学沃顿商学院获得了工商管理硕士学位。拉姆和其他三位投资组合经理自 2016 年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的例子。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1. 拥有能够在大市场“落地并扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司的大部分业务仍然停留在纸面上。Bill.comBill想改变这一点。该公司由首席执行官 René Lacerte 创立，他于 20 世纪 90 年代末创办了在线薪资公司 PayCycle，后来被 Intuit 收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com 帮助小型企业在应付账款和应收账款方面实现数字化。但这仅仅是开始。一旦进入公司，Bill.com 就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com 在客户身上 “落地并扩张 ”，但它也利用客户的商业伙伴来建立潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“拉姆说：”每个供应商都是网络成员，即使它不是 Bill.com 的客户。这个网络有大约250万成员。Bill.com 还从其合作伙伴那里获得了潜在客户，包括美国银行 BAC、摩根大通 JPM 和美国运通 XP。第一季度销售额增长了 45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们通常跑赢大盘。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2. 寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>拉姆的投资组合中包括明显的创新者，包括特斯拉斯拉、亚马逊、Amazon.comAMZNand 和 AlphabetGOOGL，她的前三名。让我们超越技术--啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在 20 世纪 80 年代，波士顿啤酒创始人吉姆-科赫（Jim Koch）就开始从啤酒巨头百威英博（Anheuser-Busch）和喜力喜力（Heinekenheiny）手中分一杯羹，推出了成功的 “手工 ”啤酒，从塞缪尔-亚当斯（Samuel Adams）开始。科赫帮助发明了精酿啤酒类别，本质上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味酿造更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在 2015 年至 2017 年期间由于啤酒销售总体持平而停滞不前。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们之所以被该公司吸引，是因为它的创新历史，”拉姆说，他指的是她的基金从 2016 年第二季度开始的早期仓位。“由于啤酒市场趋于平稳，股票表现不佳，但他们推出了真正的硬苏打水。Truly 比我们预期的要成功。它创造了一个新的品类”。</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒的这种创新倾向帮助拉姆的基金保持了名字。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去展示过创新技巧的人领导的公司。创新的管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们打赌他们会再次渡过难关。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。7 月 23 日，波士顿啤酒股价下跌 20%，因为太多竞争对手进入了烈性苹果酒市场。由于该公司提高广告成本以应对竞争，销售额增长了 33%，但净利润下降了 1.6%。由于预计销售增长放缓，该公司下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但先别排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>“波士顿啤酒公司的科赫说：”我们最近宣布了与 Beam Suntory 合作开发新型创新饮料的计划，并计划于 2022 年初推出。梁三得利出售吉姆梁威士忌和其他品牌的烈酒。“我们相信，随着饮酒者喜好的演变，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3. 寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不太在意当地的瑜伽教练是否可以接受信用卡付款。Squaresq认为这是一个机会。于是它在2009年推出了卡支付设备业务。从那时起，它通过接受更大的客户，并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而发展壮大。第一季度基于交易的收入增长了 27%，订阅和服务收入飙升了 88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一个很好的例子，说明一家公司创造了一个利基市场。但它也是一家 “土地和扩张 ”的公司，因为它通过为客户提供新服务而发展壮大。这两种品质都有助于公司保持 Ram 喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4、买入处于快速增长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一个方法是确定开发将改变整个行业的产品的公司。Ram 认为 Alnylam PharmaceuticalsALNY 就是这种情况。它正在开发一种名为 RNA 干扰（RNAi）的新疗法。在体内，信使RNA（mRNA）根据RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种治疗罕见遗传性疾病的基于RNAi的药物获得批准。该公司还有十几种其他疗法正在进行临床研究，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“拉姆说：”这是一个全新的治疗领域。“这是一个可以治疗多种疾病的产品平台”。</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>以上所有名字都是拉姆基金的重仓股，这告诉我拉姆和她的团队认为他们的上涨空间要大得多。不过，如果您购买其中任何一种，请记住您必须在多年的时间范围内购买。拉姆基金就是这么做的。它的年投资组合周转率很低，仅为 27%。重要的是要有长远的眼光，因为很难看涨期权股市或股票的短期走势，你需要给公司发展的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147779023","content_text":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.\n\nInvesting is a tough game. That’s why so many mutual funds lag behind their indices.\nSo when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.\nThe American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.\nThe fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.\nHere are the five key takeaways, with examples of specific stocks.\n1. Own companies that can “land and expand” in big markets\nEven though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.\nBill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.\nBill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.\n“Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.\nFounder-run companies such as this one are worth considering because they often outperform.\n2. Seek out innovators\nRam’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.\nBack in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.\nBoston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.\n“We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”\nThis penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.\nA key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.\nThey’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.\nBut don’t count out this innovator yet.\n“We recently announced plans to develop new innovative beverages with Beam Suntory that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”\n3. Look for companies that can create and dominate a niche\nFor years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.\nThis is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.\n4. Buy companies in the early stages of rapid growth\nOne way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.\nAlnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.\n“This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”\n5. Hold stocks for the long term\nAll of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808634772,"gmtCreate":1627572705296,"gmtModify":1633758146960,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Demistifying the misconceptions that will save a lot of missteps in your investment journey!","listText":"Demistifying the misconceptions that will save a lot of missteps in your investment journey!","text":"Demistifying the misconceptions that will save a lot of missteps in your investment journey!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808634772","repostId":"2155290035","repostType":4,"isVote":1,"tweetType":1,"viewCount":1062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803068912,"gmtCreate":1627396862836,"gmtModify":1633765385523,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Steady and solid are nicknames of Apple","listText":"Steady and solid are nicknames of Apple","text":"Steady and solid are nicknames of Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803068912","repostId":"1108884592","repostType":4,"isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178810984,"gmtCreate":1626796286348,"gmtModify":1633770925709,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Afraid that the Covid-19 virus will around for a while and the drugs companies will take in the big bucks for a while.","listText":"Afraid that the Covid-19 virus will around for a while and the drugs companies will take in the big bucks for a while.","text":"Afraid that the Covid-19 virus will around for a while and the drugs companies will take in the big bucks for a while.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178810984","repostId":"2152693458","repostType":4,"isVote":1,"tweetType":1,"viewCount":953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142022250,"gmtCreate":1626105474370,"gmtModify":1633930044989,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Ready for the final countdown?","listText":"Ready for the final countdown?","text":"Ready for the final countdown?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142022250","repostId":"1175294142","repostType":4,"isVote":1,"tweetType":1,"viewCount":822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156764222,"gmtCreate":1625237376466,"gmtModify":1633942175357,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Sea you on the other side! The Rich side!","listText":"Sea you on the other side! The Rich side!","text":"Sea you on the other side! The Rich side!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156764222","repostId":"2148725958","repostType":4,"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":893646300,"gmtCreate":1628261232300,"gmtModify":1633752135866,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:","listText":"Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:","text":"Plan for long-term and avoid profiteering at short-term. Investing and gambling is a thin line make makes or breaks you:","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893646300","repostId":"1124487485","repostType":4,"repost":{"id":"1124487485","kind":"news","pubTimestamp":1628258241,"share":"https://www.laohunote.com/m/news/1124487485?lang=zh_CN&edition=full","pubTime":"2021-08-06 21:57","market":"us","language":"en","title":"Here’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124487485","media":"MarketWatch","summary":"S&P 500 sectors’ relative strength rankings are flashing red.\n\nThe U.S. stock market is nearing a to","content":"<p>  <b>S&amp;P 500 sectors’ relative strength rankings are flashing red.</b>  The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&amp;P 500 SPX, +0.08% sectors.</p><p><blockquote><b>标普500行业的相对实力排名闪烁着红色。</b>根据基于标普500 SPX过去三个月回报率（+0.08%）的领先指标，美国股市正接近顶部。</blockquote></p><p> Over the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.</p><p><blockquote>在过去牛市见顶之前的三个月里，出现了一种相当可预测的模式，即哪些行业表现最好，哪些行业表现最差。目前，各板块近期相对强弱的排名与这一模式相当接近。</blockquote></p><p> This is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.</p><p><blockquote>这是自五月中旬以来的一个重大变化，当时正如我报道的那样，这一领先指标没有检测到任何迫在眉睫的麻烦迹象。当时追踪三个月回报最好的行业并不是那些通常在见顶之前引领市场的行业，追踪三个月回报最差的行业也不是那些通常滞后的行业。</blockquote></p><p> Now, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.</p><p><blockquote>相比之下，各板块的相对强度排名与过去顶部出现的典型模式之间存在明显的相关性。</blockquote></p><p> According to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&amp;P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.</p><p><blockquote>根据 Ned Davis Research 进行的研究，公用事业、能源和金融是自 1970 年以来所有牛市最后三个月平均表现最差的标普500板块。如下图所示，这三个行业目前在过去三个月回报率排名中处于或接近底部。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8465aa12910238871b10168546466b1f\" tg-width=\"2100\" tg-height=\"1272\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull market tops. As the chart shows, these three have performed relatively well over the past three months.</p><p><blockquote>相比之下，根据 Ned Davis Research 的数据，在过去牛市见顶之前的三个月里，必需消费品、医疗保健和非必需消费品是平均表现最好的行业。如图所示，这三者在过去三个月中表现相对较好。</blockquote></p><p> To quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.</p><p><blockquote>为了量化行业相对强度排名向看跌方向移动了多少，请考虑我计算的相关系数。这一统计数据从最高值 1.0（这意味着各行业近期回报的排名与历史模式之间存在完美的一一对应关系）到负 1.0（这意味着完全的负相关关系）不等。系数为零意味着没有可检测的关系。</blockquote></p><p> In mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.</p><p><blockquote>5月中旬，该系数大幅为负0.66。相比之下，今天是正0.67。这是我在定期监测该指标时看到的较高系数之一。</blockquote></p><p> Needless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.” A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.</p><p><blockquote>不用说，这两个（也不是任何指标，就此而言）都不能保证有效。2015 年 4 月，我关于该指标的专栏文章标题为 “领先指标预示着市场见顶 ”。根据 Ned Davis Research 维护的熊市日历，一个月后熊市开始。当时盛行的相对强度排名与历史模式之间的相关系数为0.43；目前的读数更高，因此更加悲观。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s another sign the bull market is near a peak, and this one bears watching<blockquote>这是牛市接近顶峰的另一个迹象，而这个迹象值得关注</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 21:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>S&amp;P 500 sectors’ relative strength rankings are flashing red.</b>  The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&amp;P 500 SPX, +0.08% sectors.</p><p><blockquote><b>标普500行业的相对实力排名闪烁着红色。</b>根据基于标普500 SPX过去三个月回报率（+0.08%）的领先指标，美国股市正接近顶部。</blockquote></p><p> Over the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.</p><p><blockquote>在过去牛市见顶之前的三个月里，出现了一种相当可预测的模式，即哪些行业表现最好，哪些行业表现最差。目前，各板块近期相对强弱的排名与这一模式相当接近。</blockquote></p><p> This is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.</p><p><blockquote>这是自五月中旬以来的一个重大变化，当时正如我报道的那样，这一领先指标没有检测到任何迫在眉睫的麻烦迹象。当时追踪三个月回报最好的行业并不是那些通常在见顶之前引领市场的行业，追踪三个月回报最差的行业也不是那些通常滞后的行业。</blockquote></p><p> Now, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.</p><p><blockquote>相比之下，各板块的相对强度排名与过去顶部出现的典型模式之间存在明显的相关性。</blockquote></p><p> According to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&amp;P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.</p><p><blockquote>根据 Ned Davis Research 进行的研究，公用事业、能源和金融是自 1970 年以来所有牛市最后三个月平均表现最差的标普500板块。如下图所示，这三个行业目前在过去三个月回报率排名中处于或接近底部。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8465aa12910238871b10168546466b1f\" tg-width=\"2100\" tg-height=\"1272\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull market tops. As the chart shows, these three have performed relatively well over the past three months.</p><p><blockquote>相比之下，根据 Ned Davis Research 的数据，在过去牛市见顶之前的三个月里，必需消费品、医疗保健和非必需消费品是平均表现最好的行业。如图所示，这三者在过去三个月中表现相对较好。</blockquote></p><p> To quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.</p><p><blockquote>为了量化行业相对强度排名向看跌方向移动了多少，请考虑我计算的相关系数。这一统计数据从最高值 1.0（这意味着各行业近期回报的排名与历史模式之间存在完美的一一对应关系）到负 1.0（这意味着完全的负相关关系）不等。系数为零意味着没有可检测的关系。</blockquote></p><p> In mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.</p><p><blockquote>5月中旬，该系数大幅为负0.66。相比之下，今天是正0.67。这是我在定期监测该指标时看到的较高系数之一。</blockquote></p><p> Needless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.” A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.</p><p><blockquote>不用说，这两个（也不是任何指标，就此而言）都不能保证有效。2015 年 4 月，我关于该指标的专栏文章标题为 “领先指标预示着市场见顶 ”。根据 Ned Davis Research 维护的熊市日历，一个月后熊市开始。当时盛行的相对强度排名与历史模式之间的相关系数为0.43；目前的读数更高，因此更加悲观。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124487485","content_text":"S&P 500 sectors’ relative strength rankings are flashing red.\n\nThe U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&P 500 SPX, +0.08% sectors.\nOver the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.\nThis is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.\nNow, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.\nAccording to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.\n\nIn contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull market tops. As the chart shows, these three have performed relatively well over the past three months.\nTo quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.\nIn mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.\nNeedless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.” A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896793270,"gmtCreate":1628604207490,"gmtModify":1631884235594,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Nio is going to be the no. 1 China EV company!","listText":"Nio is going to be the no. 1 China EV company!","text":"Nio is going to be the no. 1 China EV company!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/896793270","repostId":"2158479992","repostType":4,"isVote":1,"tweetType":1,"viewCount":1483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814359948,"gmtCreate":1630768527084,"gmtModify":1631883943719,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Hope that Amazon can break into smaller size to cater to retail investors!","listText":"Hope that Amazon can break into smaller size to cater to retail investors!","text":"Hope that Amazon can break into smaller size to cater to retail investors!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814359948","repostId":"1151569309","repostType":4,"repost":{"id":"1151569309","kind":"news","pubTimestamp":1630676828,"share":"https://www.laohunote.com/m/news/1151569309?lang=zh_CN&edition=full","pubTime":"2021-09-03 21:47","market":"us","language":"en","title":"AMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151569309","media":"Thestreet","summary":"Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven di","content":"<p>Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven discusses the buy-on-dip opportunity.</p><p><blockquote>在 FAAMG 同行群体中，亚马逊股票是唯一一只跌破历史高点的股票。亚马逊专家讨论逢低买入机会。</blockquote></p><p> Something atypical has been happening in the world of Big Tech lately. As of the end of August 2021, which was only a couple of days ago, Amazon stock&nbsp;(<b>AMZN</b>)&nbsp;was the only FAAMG name trading off its peak – defined here as 1% or more from the all-time high price.</p><p><blockquote>最近，大型科技世界发生了一些非典型的事情。截至2021年8月底，也就是几天前，亚马逊股票（<b>亚马逊</b>) 是唯一一个脱离峰值交易的 FAAMG 名称——这里定义为比历史最高价低 1% 或更多。</blockquote></p><p> Could this be a chance for bargain hunters to load up on AMZN? Today, the Amazon Maven talks about the buy-on-dip opportunity in September.</p><p><blockquote>这可能是抄底者买入 AMZN 的机会吗？今天，这位亚马逊专家谈论了九月份的逢低买入机会。</blockquote></p><p> <b>Amazon stock: rare laggard</b></p><p><blockquote><b>亚马逊股票：罕见落后</b></blockquote></p><p> The chart below shows how often the five FAAMG stocks have traded off their all-time highs, in percentage of total trading days, over the past five years. Nearly half the time (42%), all five of them have been at least 1% away from their historical top at once.</p><p><blockquote>下图显示了过去五年中，五只 FAAMG 股票突破历史高点的频率（占总交易日的百分比）。在近一半的时间（42%）中，所有五个都同时距离历史最高点至少有1%的距离。</blockquote></p><p> This makes logical sense to me. Tech stock prices tend to be volatile and often “peel off” from their highs, even though shares have generally headed higher over a longer time horizon.</p><p><blockquote>这对我来说合乎逻辑。科技股的价格往往波动较大，经常会从高点 “剥离 ”，尽管股票在较长时间内普遍走高。</blockquote></p><p> The least common occurrence has been for only one FAAMG stock to be in the hole, while all others hover near peaks. This has happened, on average, only 1 out of every 12 to 13 trading sessions (i.e. one day per two or three weeks). This is exactly what was happening to Amazon stock at the end of August.</p><p><blockquote>最不常见的情况是只有一只 FAAMG 股票处于洞穴中，而所有其他股票都徘徊在峰值附近。平均而言，每 12 到 13 个交易日中只有 1 个交易日发生这种情况（即每两或三周有一天）。这正是 8 月底亚马逊股票的情况。</blockquote></p><p> Once again, this makes intuitive sense. Roughly speaking, FAAMG stocks behave similarly to the macroeconomic and broad market forces. Healthy consumer spending, economic growth, market enthusiasm and low interest rates are all bullish factors across the entire peer group.</p><p><blockquote>再一次，这有直观的意义。粗略地说，FAAMG 股票的表现与宏观经济和大盘力量类似。健康的消费者支出、经济增长、市场热情和低利率都是整个同行群体的利好因素。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a09638bca8fb5d57bada216196f071c\" tg-width=\"1200\" tg-height=\"686\" referrerpolicy=\"no-referrer\"><span>Figure 2: Number of FAAMG stocks off peak. data from Yahoo Finance</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：FAAMG 股票数量偏离峰值。数据来自雅虎财经</span></p></blockquote></p><p> <h3>Buy-the-dip opportunity</h3> In my view, Amazon’s loser status within the peer group (measured in this case by drawdowns) is still reminiscent of the company’sill-received third quarter earnings report. Back in July, the Seattle-based giant burst analysts’ and investors’ bubble, delivering e-commerce revenues that lagged consensus.</p><p><blockquote><h3>逢低买入机会</h3>在我看来，亚马逊在同行群体中的失败者地位（在这种情况下是通过提款来衡量的）仍然让人想起该公司刚刚收到的第三季度财报。早在 7 月份，这家总部位于西雅图的巨头就戳破了分析师和投资者的泡沫，其电子商务收入落后于共识。</blockquote></p><p> Amazon is not out of the doghouse yet. While COVID-19 fears have lingered, fueling some hopes that the digital retail channel will still perform well in the second half of 2021, the global economies should gradually (and hopefully) reopen and return to “a new normal” over the next 12 months. Therefore, e-commerce headwinds in the foreseeable future are certainly not out of question.</p><p><blockquote>亚马逊还没有走出狗窝。虽然对 COVID-19 的担忧挥之不去，引发了一些人对数字零售渠道在 2021 年下半年仍将表现良好的希望，但全球经济应该会在未来 12 个月内逐步（并有希望地）重新开放并回归 “新常态”。因此，在可预见的未来，电子商务的逆风当然不是不可能的。</blockquote></p><p> However,history has shown time and again&nbsp;that buying Amazon stock on pullbacks is a good strategy. While the current drawdown of only 5% to 10% may not seem like much,I believe that reasonable valuation&nbsp;shelp to set up AMZN for higher-than-peer group returns over the next several months.</p><p><blockquote>然而， 历史一次又一次地表明， 在回调时购买亚马逊股票是一个好策略。虽然目前仅 5% 至 10% 的提款似乎并不多，但我相信合理的估值有助于 AMZN 在未来几个月内实现高于同行的集团回报。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</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\">\nAMZN Is The Only FAAMG Stock Off Its Peak. Buy The Dip?<blockquote>AMZN 是唯一一只处于巅峰状态的 FAAMG 股票。逢低买入？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-09-03 21:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven discusses the buy-on-dip opportunity.</p><p><blockquote>在 FAAMG 同行群体中，亚马逊股票是唯一一只跌破历史高点的股票。亚马逊专家讨论逢低买入机会。</blockquote></p><p> Something atypical has been happening in the world of Big Tech lately. As of the end of August 2021, which was only a couple of days ago, Amazon stock&nbsp;(<b>AMZN</b>)&nbsp;was the only FAAMG name trading off its peak – defined here as 1% or more from the all-time high price.</p><p><blockquote>最近，大型科技世界发生了一些非典型的事情。截至2021年8月底，也就是几天前，亚马逊股票（<b>亚马逊</b>) 是唯一一个脱离峰值交易的 FAAMG 名称——这里定义为比历史最高价低 1% 或更多。</blockquote></p><p> Could this be a chance for bargain hunters to load up on AMZN? Today, the Amazon Maven talks about the buy-on-dip opportunity in September.</p><p><blockquote>这可能是抄底者买入 AMZN 的机会吗？今天，这位亚马逊专家谈论了九月份的逢低买入机会。</blockquote></p><p> <b>Amazon stock: rare laggard</b></p><p><blockquote><b>亚马逊股票：罕见落后</b></blockquote></p><p> The chart below shows how often the five FAAMG stocks have traded off their all-time highs, in percentage of total trading days, over the past five years. Nearly half the time (42%), all five of them have been at least 1% away from their historical top at once.</p><p><blockquote>下图显示了过去五年中，五只 FAAMG 股票突破历史高点的频率（占总交易日的百分比）。在近一半的时间（42%）中，所有五个都同时距离历史最高点至少有1%的距离。</blockquote></p><p> This makes logical sense to me. Tech stock prices tend to be volatile and often “peel off” from their highs, even though shares have generally headed higher over a longer time horizon.</p><p><blockquote>这对我来说合乎逻辑。科技股的价格往往波动较大，经常会从高点 “剥离 ”，尽管股票在较长时间内普遍走高。</blockquote></p><p> The least common occurrence has been for only one FAAMG stock to be in the hole, while all others hover near peaks. This has happened, on average, only 1 out of every 12 to 13 trading sessions (i.e. one day per two or three weeks). This is exactly what was happening to Amazon stock at the end of August.</p><p><blockquote>最不常见的情况是只有一只 FAAMG 股票处于洞穴中，而所有其他股票都徘徊在峰值附近。平均而言，每 12 到 13 个交易日中只有 1 个交易日发生这种情况（即每两或三周有一天）。这正是 8 月底亚马逊股票的情况。</blockquote></p><p> Once again, this makes intuitive sense. Roughly speaking, FAAMG stocks behave similarly to the macroeconomic and broad market forces. Healthy consumer spending, economic growth, market enthusiasm and low interest rates are all bullish factors across the entire peer group.</p><p><blockquote>再一次，这有直观的意义。粗略地说，FAAMG 股票的表现与宏观经济和大盘力量类似。健康的消费者支出、经济增长、市场热情和低利率都是整个同行群体的利好因素。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a09638bca8fb5d57bada216196f071c\" tg-width=\"1200\" tg-height=\"686\" referrerpolicy=\"no-referrer\"><span>Figure 2: Number of FAAMG stocks off peak. data from Yahoo Finance</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：FAAMG 股票数量偏离峰值。数据来自雅虎财经</span></p></blockquote></p><p> <h3>Buy-the-dip opportunity</h3> In my view, Amazon’s loser status within the peer group (measured in this case by drawdowns) is still reminiscent of the company’sill-received third quarter earnings report. Back in July, the Seattle-based giant burst analysts’ and investors’ bubble, delivering e-commerce revenues that lagged consensus.</p><p><blockquote><h3>逢低买入机会</h3>在我看来，亚马逊在同行群体中的失败者地位（在这种情况下是通过提款来衡量的）仍然让人想起该公司刚刚收到的第三季度财报。早在 7 月份，这家总部位于西雅图的巨头就戳破了分析师和投资者的泡沫，其电子商务收入落后于共识。</blockquote></p><p> Amazon is not out of the doghouse yet. While COVID-19 fears have lingered, fueling some hopes that the digital retail channel will still perform well in the second half of 2021, the global economies should gradually (and hopefully) reopen and return to “a new normal” over the next 12 months. Therefore, e-commerce headwinds in the foreseeable future are certainly not out of question.</p><p><blockquote>亚马逊还没有走出狗窝。虽然对 COVID-19 的担忧挥之不去，引发了一些人对数字零售渠道在 2021 年下半年仍将表现良好的希望，但全球经济应该会在未来 12 个月内逐步（并有希望地）重新开放并回归 “新常态”。因此，在可预见的未来，电子商务的逆风当然不是不可能的。</blockquote></p><p> However,history has shown time and again&nbsp;that buying Amazon stock on pullbacks is a good strategy. While the current drawdown of only 5% to 10% may not seem like much,I believe that reasonable valuation&nbsp;shelp to set up AMZN for higher-than-peer group returns over the next several months.</p><p><blockquote>然而， 历史一次又一次地表明， 在回调时购买亚马逊股票是一个好策略。虽然目前仅 5% 至 10% 的提款似乎并不多，但我相信合理的估值有助于 AMZN 在未来几个月内实现高于同行的集团回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/amzn-is-the-only-faamg-stock-off-its-peak-buy-the-dip\">Thestreet</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":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/amzn-is-the-only-faamg-stock-off-its-peak-buy-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151569309","content_text":"Within the FAAMG peer group, Amazon stock is the only one off its all-time high. The Amazon Maven discusses the buy-on-dip opportunity.\nSomething atypical has been happening in the world of Big Tech lately. As of the end of August 2021, which was only a couple of days ago, Amazon stock (AMZN) was the only FAAMG name trading off its peak – defined here as 1% or more from the all-time high price.\nCould this be a chance for bargain hunters to load up on AMZN? Today, the Amazon Maven talks about the buy-on-dip opportunity in September.\nAmazon stock: rare laggard\nThe chart below shows how often the five FAAMG stocks have traded off their all-time highs, in percentage of total trading days, over the past five years. Nearly half the time (42%), all five of them have been at least 1% away from their historical top at once.\nThis makes logical sense to me. Tech stock prices tend to be volatile and often “peel off” from their highs, even though shares have generally headed higher over a longer time horizon.\nThe least common occurrence has been for only one FAAMG stock to be in the hole, while all others hover near peaks. This has happened, on average, only 1 out of every 12 to 13 trading sessions (i.e. one day per two or three weeks). This is exactly what was happening to Amazon stock at the end of August.\nOnce again, this makes intuitive sense. Roughly speaking, FAAMG stocks behave similarly to the macroeconomic and broad market forces. Healthy consumer spending, economic growth, market enthusiasm and low interest rates are all bullish factors across the entire peer group.\nFigure 2: Number of FAAMG stocks off peak. data from Yahoo Finance\nBuy-the-dip opportunity\nIn my view, Amazon’s loser status within the peer group (measured in this case by drawdowns) is still reminiscent of the company’sill-received third quarter earnings report. Back in July, the Seattle-based giant burst analysts’ and investors’ bubble, delivering e-commerce revenues that lagged consensus.\nAmazon is not out of the doghouse yet. While COVID-19 fears have lingered, fueling some hopes that the digital retail channel will still perform well in the second half of 2021, the global economies should gradually (and hopefully) reopen and return to “a new normal” over the next 12 months. Therefore, e-commerce headwinds in the foreseeable future are certainly not out of question.\nHowever,history has shown time and again that buying Amazon stock on pullbacks is a good strategy. While the current drawdown of only 5% to 10% may not seem like much,I believe that reasonable valuation shelp to set up AMZN for higher-than-peer group returns over the next several months.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":4088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898267967,"gmtCreate":1628502213459,"gmtModify":1633746636492,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Promote FAANG?","listText":"Promote FAANG?","text":"Promote FAANG?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898267967","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":884,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156762269,"gmtCreate":1625237294851,"gmtModify":1633942177032,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"You are the Apple of my Eye!","listText":"You are the Apple of my Eye!","text":"You are the Apple of my Eye!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156762269","repostId":"1196057674","repostType":4,"repost":{"id":"1196057674","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1625229715,"share":"https://www.laohunote.com/m/news/1196057674?lang=zh_CN&edition=full","pubTime":"2021-07-02 20:41","market":"us","language":"en","title":"5 Warren Buffett Favorites To Keep An Eye On<blockquote>值得关注的 5 个沃伦·巴菲特最爱</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196057674","media":"Benzinga Earnings","summary":"Legendary investor Warren Buffett has posted an impressive 21% year-to-date return for his flagship Berkshire Hathaway Inc  in the first half of 2021.Here's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.Aonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan","content":"<p>Legendary investor&nbsp;<b>Warren Buffett</b>&nbsp;has posted an impressive 21% year-to-date return for his flagship&nbsp;<b>Berkshire Hathaway Inc</b>(NYSE:BRKA) (NYSE:BRKB)&nbsp;in the first half of 2021.</p><p><blockquote>传奇投资人<b>沃伦·巴菲特</b>他的旗舰产品今年迄今为止的回报率高达 21%<b>伯克希尔哈撒韦公司</b>（纽约证券交易所代码：BRKA）（纽约证券交易所代码：BRKB）2021 年上半年。</blockquote></p><p> Here's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.</p><p><blockquote>以下是巴菲特和伯克希尔哈撒韦公司拥有的五只股票，它们可能会在 2021 年下半年出现强劲上涨。</blockquote></p><p> <b>1. Aon:</b>Earlier this year, Berkshire Hathaway took an&nbsp;initial position&nbsp;in insurance broker&nbsp;<b>Aon plc</b>(NYSE:AON). Shares of the company are up 15% year-to-date, could see more upside and could also be a position Buffett adds to.</p><p><blockquote><b>1. 怡安：</b>今年早些时候，伯克希尔哈撒韦公司首次担任保险经纪人职务<b>怡安有限公司</b>（纽约证券交易所代码：怡安）。该公司股价今年迄今已上涨 15%，可能会有更多上涨空间，也可能是巴菲特加仓的一个头寸。</blockquote></p><p> Aonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan for COVID-19 vaccines that could be a highlight in the next earnings report.</p><p><blockquote>怡安报告第一季度收入同比增长10%，其中有机收入增长6%。公司利润率有所提高，每股收益同比增长 22%。怡安宣布了一项针对 COVID-19 疫苗的供应链全球保护计划，这可能是下一份财报的亮点。</blockquote></p><p> <b>2. Apple:</b>There have been several rallies for technology stocks in the first half of 2021. Despite the rallies, shares of technology giant&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL) traded flat in the first half of 2021.</p><p><blockquote><b>2. 苹果：</b>2021年上半年，科技股出现了几次反弹。尽管上涨，科技巨头的股价<b>苹果公司</b>（纳斯达克股票代码：AAPL）2021 年上半年交易持平。</blockquote></p><p> Apple makes up the largest stock holding in the Berkshire Hathaway portfolio. The iPhone maker&nbsp;continues to be an innovator and should not be overlooked for more product launches and announcements in the second half of the year that could move shares of the stock higher.</p><p><blockquote>苹果占伯克希尔哈撒韦投资组合中最大的股票持有量。这家 iPhone 制造商仍然是一家创新者，下半年不应忽视更多产品发布和公告，这可能会推动该股股价走高。</blockquote></p><p> <b>3. Bank of America:</b>&nbsp;<b>Bank of America Corporation</b>(NYSE:BAC) is a large holding of Buffett's and one of several bank stocks that he has kept. Buffett has significantly lowered the company’s weighting in&nbsp;<b>Wells Fargo Co</b>(NYSE:WFC), a stock it once owned 10% of and started investing in dating back to 1989.</p><p><blockquote><b>3.美国银行：</b> <b>美国银行公司</b>（纽约证券交易所股票代码：BAC）是巴菲特的大量持股，也是他持有的几只银行股之一。巴菲特大幅降低了该公司的权重<b>富国银行</b>（纽约证券交易所股票代码：WFC），该公司曾持有该股票 10% 的股份，并于 1989 年开始投资。</blockquote></p><p> Bank of America could be Buffett's favored banking stock and it comes as the company reported record consumer investment assets and record client balances in thefirst quarter.</p><p><blockquote>美国银行可能是巴菲特最喜欢的银行股，该公司公布第一季度创纪录的消费者投资资产和创纪录的客户余额。</blockquote></p><p> Revenue for the first quarter of $22.8 billion was flat year-over-year but several areas saw strong demand and growth. The company announced it's raising its quarterly dividend from 18 cents to 21 cents in late June and could continue to raise dividends after passing a new bank stress test.</p><p><blockquote>第一季度收入为 228 亿美元，同比持平，但多个领域的需求和增长强劲。该公司于 6 月下旬宣布将季度股息从 18 美分提高到 21 美分，并可能在通过新的银行压力测试后继续提高股息。</blockquote></p><p> <b>4. Coca-Cola:</b>One of Buffett's favorites&nbsp;is<b>&nbsp;Coca-Cola Co</b>&nbsp;(NYSE:KO). Shares of the beverage giant are down 1% in the first half of 2021 as many consumer food and beverage companies have seen positive returns. The company could be due to make a bigacquisitionlike that of&nbsp;<b>Monster Beverage Corporation</b>(NASDAQ:MNST) orpushing furtherinto alcoholic beverages.</p><p><blockquote><b>4. 可口可乐：</b>巴菲特的最爱之一是<b>可口可乐公司</b>（纽约证券交易所代码：KO）。由于许多消费食品和饮料公司都实现了正回报，这家饮料巨头的股价在 2021 年上半年下跌了 1%。该公司可能会进行类似的大型收购<b>怪物饮料公司</b>（纳斯达克股票代码：MNST）或进一步进军酒精饮料。</blockquote></p><p> <b>5. Verizon:</b>Shares of&nbsp;<b>Verizon Communications</b>(NYSE:VZ) are down around 4% in the first half of 2021. The companyreportedtotal revenue of $32.9 billion in the first quarter, up 4% year-over-year. Several of the company’s core business segments saw single-digit growth.</p><p><blockquote><b>5. 威瑞森：</b>股份<b>威瑞森通信</b>（纽约证券交易所股票代码：VZ）2021 年上半年下降了约 4%。该公司第一季度总收入为329亿美元，同比增长4%。公司的几个核心业务部门实现了个位数增长。</blockquote></p><p> A shift to 5G nationwide could help a company like Verizon, which along with a near 5% dividend yield could make the communications giant a stock to watch in the second half of 2021.</p><p><blockquote>全国范围内向 5G 的转变可以帮助像 Verizon 这样的公司，再加上近 5% 的股息收益率，可能会使这家通信巨头成为 2021 年下半年值得关注的股票。</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 Warren Buffett Favorites To Keep An Eye On<blockquote>值得关注的 5 个沃伦·巴菲特最爱</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 Warren Buffett Favorites To Keep An Eye On<blockquote>值得关注的 5 个沃伦·巴菲特最爱</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-07-02 20:41</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Legendary investor&nbsp;<b>Warren Buffett</b>&nbsp;has posted an impressive 21% year-to-date return for his flagship&nbsp;<b>Berkshire Hathaway Inc</b>(NYSE:BRKA) (NYSE:BRKB)&nbsp;in the first half of 2021.</p><p><blockquote>传奇投资人<b>沃伦·巴菲特</b>他的旗舰产品今年迄今为止的回报率高达 21%<b>伯克希尔哈撒韦公司</b>（纽约证券交易所代码：BRKA）（纽约证券交易所代码：BRKB）2021 年上半年。</blockquote></p><p> Here's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.</p><p><blockquote>以下是巴菲特和伯克希尔哈撒韦公司拥有的五只股票，它们可能会在 2021 年下半年出现强劲上涨。</blockquote></p><p> <b>1. Aon:</b>Earlier this year, Berkshire Hathaway took an&nbsp;initial position&nbsp;in insurance broker&nbsp;<b>Aon plc</b>(NYSE:AON). Shares of the company are up 15% year-to-date, could see more upside and could also be a position Buffett adds to.</p><p><blockquote><b>1. 怡安：</b>今年早些时候，伯克希尔哈撒韦公司首次担任保险经纪人职务<b>怡安有限公司</b>（纽约证券交易所代码：怡安）。该公司股价今年迄今已上涨 15%，可能会有更多上涨空间，也可能是巴菲特加仓的一个头寸。</blockquote></p><p> Aonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan for COVID-19 vaccines that could be a highlight in the next earnings report.</p><p><blockquote>怡安报告第一季度收入同比增长10%，其中有机收入增长6%。公司利润率有所提高，每股收益同比增长 22%。怡安宣布了一项针对 COVID-19 疫苗的供应链全球保护计划，这可能是下一份财报的亮点。</blockquote></p><p> <b>2. Apple:</b>There have been several rallies for technology stocks in the first half of 2021. Despite the rallies, shares of technology giant&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL) traded flat in the first half of 2021.</p><p><blockquote><b>2. 苹果：</b>2021年上半年，科技股出现了几次反弹。尽管上涨，科技巨头的股价<b>苹果公司</b>（纳斯达克股票代码：AAPL）2021 年上半年交易持平。</blockquote></p><p> Apple makes up the largest stock holding in the Berkshire Hathaway portfolio. The iPhone maker&nbsp;continues to be an innovator and should not be overlooked for more product launches and announcements in the second half of the year that could move shares of the stock higher.</p><p><blockquote>苹果占伯克希尔哈撒韦投资组合中最大的股票持有量。这家 iPhone 制造商仍然是一家创新者，下半年不应忽视更多产品发布和公告，这可能会推动该股股价走高。</blockquote></p><p> <b>3. Bank of America:</b>&nbsp;<b>Bank of America Corporation</b>(NYSE:BAC) is a large holding of Buffett's and one of several bank stocks that he has kept. Buffett has significantly lowered the company’s weighting in&nbsp;<b>Wells Fargo Co</b>(NYSE:WFC), a stock it once owned 10% of and started investing in dating back to 1989.</p><p><blockquote><b>3.美国银行：</b> <b>美国银行公司</b>（纽约证券交易所股票代码：BAC）是巴菲特的大量持股，也是他持有的几只银行股之一。巴菲特大幅降低了该公司的权重<b>富国银行</b>（纽约证券交易所股票代码：WFC），该公司曾持有该股票 10% 的股份，并于 1989 年开始投资。</blockquote></p><p> Bank of America could be Buffett's favored banking stock and it comes as the company reported record consumer investment assets and record client balances in thefirst quarter.</p><p><blockquote>美国银行可能是巴菲特最喜欢的银行股，该公司公布第一季度创纪录的消费者投资资产和创纪录的客户余额。</blockquote></p><p> Revenue for the first quarter of $22.8 billion was flat year-over-year but several areas saw strong demand and growth. The company announced it's raising its quarterly dividend from 18 cents to 21 cents in late June and could continue to raise dividends after passing a new bank stress test.</p><p><blockquote>第一季度收入为 228 亿美元，同比持平，但多个领域的需求和增长强劲。该公司于 6 月下旬宣布将季度股息从 18 美分提高到 21 美分，并可能在通过新的银行压力测试后继续提高股息。</blockquote></p><p> <b>4. Coca-Cola:</b>One of Buffett's favorites&nbsp;is<b>&nbsp;Coca-Cola Co</b>&nbsp;(NYSE:KO). Shares of the beverage giant are down 1% in the first half of 2021 as many consumer food and beverage companies have seen positive returns. The company could be due to make a bigacquisitionlike that of&nbsp;<b>Monster Beverage Corporation</b>(NASDAQ:MNST) orpushing furtherinto alcoholic beverages.</p><p><blockquote><b>4. 可口可乐：</b>巴菲特的最爱之一是<b>可口可乐公司</b>（纽约证券交易所代码：KO）。由于许多消费食品和饮料公司都实现了正回报，这家饮料巨头的股价在 2021 年上半年下跌了 1%。该公司可能会进行类似的大型收购<b>怪物饮料公司</b>（纳斯达克股票代码：MNST）或进一步进军酒精饮料。</blockquote></p><p> <b>5. Verizon:</b>Shares of&nbsp;<b>Verizon Communications</b>(NYSE:VZ) are down around 4% in the first half of 2021. The companyreportedtotal revenue of $32.9 billion in the first quarter, up 4% year-over-year. Several of the company’s core business segments saw single-digit growth.</p><p><blockquote><b>5. 威瑞森：</b>股份<b>威瑞森通信</b>（纽约证券交易所股票代码：VZ）2021 年上半年下降了约 4%。该公司第一季度总收入为329亿美元，同比增长4%。公司的几个核心业务部门实现了个位数增长。</blockquote></p><p> A shift to 5G nationwide could help a company like Verizon, which along with a near 5% dividend yield could make the communications giant a stock to watch in the second half of 2021.</p><p><blockquote>全国范围内向 5G 的转变可以帮助像 Verizon 这样的公司，再加上近 5% 的股息收益率，可能会使这家通信巨头成为 2021 年下半年值得关注的股票。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","WFC":"富国银行","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","AAPL":"苹果","AON":"怡安保险","MNST":"怪物饮料","BAC":"美国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196057674","content_text":"Legendary investor Warren Buffett has posted an impressive 21% year-to-date return for his flagship Berkshire Hathaway Inc(NYSE:BRKA) (NYSE:BRKB) in the first half of 2021.\nHere's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.\n1. Aon:Earlier this year, Berkshire Hathaway took an initial position in insurance broker Aon plc(NYSE:AON). Shares of the company are up 15% year-to-date, could see more upside and could also be a position Buffett adds to.\nAonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan for COVID-19 vaccines that could be a highlight in the next earnings report.\n2. Apple:There have been several rallies for technology stocks in the first half of 2021. Despite the rallies, shares of technology giant Apple Inc(NASDAQ:AAPL) traded flat in the first half of 2021.\nApple makes up the largest stock holding in the Berkshire Hathaway portfolio. The iPhone maker continues to be an innovator and should not be overlooked for more product launches and announcements in the second half of the year that could move shares of the stock higher.\n3. Bank of America: Bank of America Corporation(NYSE:BAC) is a large holding of Buffett's and one of several bank stocks that he has kept. Buffett has significantly lowered the company’s weighting in Wells Fargo Co(NYSE:WFC), a stock it once owned 10% of and started investing in dating back to 1989.\nBank of America could be Buffett's favored banking stock and it comes as the company reported record consumer investment assets and record client balances in thefirst quarter.\nRevenue for the first quarter of $22.8 billion was flat year-over-year but several areas saw strong demand and growth. The company announced it's raising its quarterly dividend from 18 cents to 21 cents in late June and could continue to raise dividends after passing a new bank stress test.\n4. Coca-Cola:One of Buffett's favorites is Coca-Cola Co (NYSE:KO). Shares of the beverage giant are down 1% in the first half of 2021 as many consumer food and beverage companies have seen positive returns. The company could be due to make a bigacquisitionlike that of Monster Beverage Corporation(NASDAQ:MNST) orpushing furtherinto alcoholic beverages.\n5. Verizon:Shares of Verizon Communications(NYSE:VZ) are down around 4% in the first half of 2021. The companyreportedtotal revenue of $32.9 billion in the first quarter, up 4% year-over-year. Several of the company’s core business segments saw single-digit growth.\nA shift to 5G nationwide could help a company like Verizon, which along with a near 5% dividend yield could make the communications giant a stock to watch in the second half of 2021.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"AAPL":0.9,"WFC":0.9,"BAC":0.9,"MNST":0.9,"AON":0.9,"BRK.A":0.9,"KO":0.9}},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802807064,"gmtCreate":1627744697458,"gmtModify":1633756687864,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Good read for overall investment&nbsp;strategy","listText":"Good read for overall investment&nbsp;strategy","text":"Good read for overall investment strategy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802807064","repostId":"1147779023","repostType":4,"repost":{"id":"1147779023","kind":"news","pubTimestamp":1627716124,"share":"https://www.laohunote.com/m/news/1147779023?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:22","market":"us","language":"en","title":"You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147779023","media":"MarketWatch","summary":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fu","content":"<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键教训。</b>投资是一场艰难的游戏。这就是为什么这么多共同基金落后于指数的原因。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你发现一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>美国世纪聚焦动态增长基金CFSX符合要求。据 toMorningstar 称，这只 28 亿美元的基金在过去三年和五年中的年化表现超过了罗素 1000 增长指数 6 个百分点以上。五年来，它的年化表现优于高增长类别 8.6 个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由 Prabha Ram 共同管理，我最近采访了他。拉姆在印度长大，后来来到美国，在缅因大学担任助教，并获得了计算机科学硕士学位。她随后在宾夕法尼亚大学沃顿商学院获得了工商管理硕士学位。拉姆和其他三位投资组合经理自 2016 年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的例子。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1. 拥有能够在大市场“落地并扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司的大部分业务仍然停留在纸面上。Bill.comBill想改变这一点。该公司由首席执行官 René Lacerte 创立，他于 20 世纪 90 年代末创办了在线薪资公司 PayCycle，后来被 Intuit 收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com 帮助小型企业在应付账款和应收账款方面实现数字化。但这仅仅是开始。一旦进入公司，Bill.com 就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com 在客户身上 “落地并扩张 ”，但它也利用客户的商业伙伴来建立潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“拉姆说：”每个供应商都是网络成员，即使它不是 Bill.com 的客户。这个网络有大约250万成员。Bill.com 还从其合作伙伴那里获得了潜在客户，包括美国银行 BAC、摩根大通 JPM 和美国运通 XP。第一季度销售额增长了 45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们通常跑赢大盘。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2. 寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>拉姆的投资组合中包括明显的创新者，包括特斯拉斯拉、亚马逊、Amazon.comAMZNand 和 AlphabetGOOGL，她的前三名。让我们超越技术--啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在 20 世纪 80 年代，波士顿啤酒创始人吉姆-科赫（Jim Koch）就开始从啤酒巨头百威英博（Anheuser-Busch）和喜力喜力（Heinekenheiny）手中分一杯羹，推出了成功的 “手工 ”啤酒，从塞缪尔-亚当斯（Samuel Adams）开始。科赫帮助发明了精酿啤酒类别，本质上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味酿造更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在 2015 年至 2017 年期间由于啤酒销售总体持平而停滞不前。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们之所以被该公司吸引，是因为它的创新历史，”拉姆说，他指的是她的基金从 2016 年第二季度开始的早期仓位。“由于啤酒市场趋于平稳，股票表现不佳，但他们推出了真正的硬苏打水。Truly 比我们预期的要成功。它创造了一个新的品类”。</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒的这种创新倾向帮助拉姆的基金保持了名字。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去展示过创新技巧的人领导的公司。创新的管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们打赌他们会再次渡过难关。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。7 月 23 日，波士顿啤酒股价下跌 20%，因为太多竞争对手进入了烈性苹果酒市场。由于该公司提高广告成本以应对竞争，销售额增长了 33%，但净利润下降了 1.6%。由于预计销售增长放缓，该公司下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但先别排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>“波士顿啤酒公司的科赫说：”我们最近宣布了与 Beam Suntory 合作开发新型创新饮料的计划，并计划于 2022 年初推出。梁三得利出售吉姆梁威士忌和其他品牌的烈酒。“我们相信，随着饮酒者喜好的演变，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3. 寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不太在意当地的瑜伽教练是否可以接受信用卡付款。Squaresq认为这是一个机会。于是它在2009年推出了卡支付设备业务。从那时起，它通过接受更大的客户，并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而发展壮大。第一季度基于交易的收入增长了 27%，订阅和服务收入飙升了 88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一个很好的例子，说明一家公司创造了一个利基市场。但它也是一家 “土地和扩张 ”的公司，因为它通过为客户提供新服务而发展壮大。这两种品质都有助于公司保持 Ram 喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4、买入处于快速增长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一个方法是确定开发将改变整个行业的产品的公司。Ram 认为 Alnylam PharmaceuticalsALNY 就是这种情况。它正在开发一种名为 RNA 干扰（RNAi）的新疗法。在体内，信使RNA（mRNA）根据RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种治疗罕见遗传性疾病的基于RNAi的药物获得批准。该公司还有十几种其他疗法正在进行临床研究，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“拉姆说：”这是一个全新的治疗领域。“这是一个可以治疗多种疾病的产品平台”。</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>以上所有名字都是拉姆基金的重仓股，这告诉我拉姆和她的团队认为他们的上涨空间要大得多。不过，如果您购买其中任何一种，请记住您必须在多年的时间范围内购买。拉姆基金就是这么做的。它的年投资组合周转率很低，仅为 27%。重要的是要有长远的眼光，因为很难看涨期权股市或股票的短期走势，你需要给公司发展的时间。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</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\">\nYou can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股票市场指数——这位基金经理做到了，这就是她和她的团队做到的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键教训。</b>投资是一场艰难的游戏。这就是为什么这么多共同基金落后于指数的原因。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你发现一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>美国世纪聚焦动态增长基金CFSX符合要求。据 toMorningstar 称，这只 28 亿美元的基金在过去三年和五年中的年化表现超过了罗素 1000 增长指数 6 个百分点以上。五年来，它的年化表现优于高增长类别 8.6 个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由 Prabha Ram 共同管理，我最近采访了他。拉姆在印度长大，后来来到美国，在缅因大学担任助教，并获得了计算机科学硕士学位。她随后在宾夕法尼亚大学沃顿商学院获得了工商管理硕士学位。拉姆和其他三位投资组合经理自 2016 年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的例子。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1. 拥有能够在大市场“落地并扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司的大部分业务仍然停留在纸面上。Bill.comBill想改变这一点。该公司由首席执行官 René Lacerte 创立，他于 20 世纪 90 年代末创办了在线薪资公司 PayCycle，后来被 Intuit 收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com 帮助小型企业在应付账款和应收账款方面实现数字化。但这仅仅是开始。一旦进入公司，Bill.com 就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com 在客户身上 “落地并扩张 ”，但它也利用客户的商业伙伴来建立潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“拉姆说：”每个供应商都是网络成员，即使它不是 Bill.com 的客户。这个网络有大约250万成员。Bill.com 还从其合作伙伴那里获得了潜在客户，包括美国银行 BAC、摩根大通 JPM 和美国运通 XP。第一季度销售额增长了 45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们通常跑赢大盘。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2. 寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>拉姆的投资组合中包括明显的创新者，包括特斯拉斯拉、亚马逊、Amazon.comAMZNand 和 AlphabetGOOGL，她的前三名。让我们超越技术--啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在 20 世纪 80 年代，波士顿啤酒创始人吉姆-科赫（Jim Koch）就开始从啤酒巨头百威英博（Anheuser-Busch）和喜力喜力（Heinekenheiny）手中分一杯羹，推出了成功的 “手工 ”啤酒，从塞缪尔-亚当斯（Samuel Adams）开始。科赫帮助发明了精酿啤酒类别，本质上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味酿造更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在 2015 年至 2017 年期间由于啤酒销售总体持平而停滞不前。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们之所以被该公司吸引，是因为它的创新历史，”拉姆说，他指的是她的基金从 2016 年第二季度开始的早期仓位。“由于啤酒市场趋于平稳，股票表现不佳，但他们推出了真正的硬苏打水。Truly 比我们预期的要成功。它创造了一个新的品类”。</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒的这种创新倾向帮助拉姆的基金保持了名字。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去展示过创新技巧的人领导的公司。创新的管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们打赌他们会再次渡过难关。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。7 月 23 日，波士顿啤酒股价下跌 20%，因为太多竞争对手进入了烈性苹果酒市场。由于该公司提高广告成本以应对竞争，销售额增长了 33%，但净利润下降了 1.6%。由于预计销售增长放缓，该公司下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但先别排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>“波士顿啤酒公司的科赫说：”我们最近宣布了与 Beam Suntory 合作开发新型创新饮料的计划，并计划于 2022 年初推出。梁三得利出售吉姆梁威士忌和其他品牌的烈酒。“我们相信，随着饮酒者喜好的演变，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3. 寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不太在意当地的瑜伽教练是否可以接受信用卡付款。Squaresq认为这是一个机会。于是它在2009年推出了卡支付设备业务。从那时起，它通过接受更大的客户，并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而发展壮大。第一季度基于交易的收入增长了 27%，订阅和服务收入飙升了 88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一个很好的例子，说明一家公司创造了一个利基市场。但它也是一家 “土地和扩张 ”的公司，因为它通过为客户提供新服务而发展壮大。这两种品质都有助于公司保持 Ram 喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4、买入处于快速增长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一个方法是确定开发将改变整个行业的产品的公司。Ram 认为 Alnylam PharmaceuticalsALNY 就是这种情况。它正在开发一种名为 RNA 干扰（RNAi）的新疗法。在体内，信使RNA（mRNA）根据RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种治疗罕见遗传性疾病的基于RNAi的药物获得批准。该公司还有十几种其他疗法正在进行临床研究，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“拉姆说：”这是一个全新的治疗领域。“这是一个可以治疗多种疾病的产品平台”。</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>以上所有名字都是拉姆基金的重仓股，这告诉我拉姆和她的团队认为他们的上涨空间要大得多。不过，如果您购买其中任何一种，请记住您必须在多年的时间范围内购买。拉姆基金就是这么做的。它的年投资组合周转率很低，仅为 27%。重要的是要有长远的眼光，因为很难看涨期权股市或股票的短期走势，你需要给公司发展的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147779023","content_text":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.\n\nInvesting is a tough game. That’s why so many mutual funds lag behind their indices.\nSo when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.\nThe American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.\nThe fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.\nHere are the five key takeaways, with examples of specific stocks.\n1. Own companies that can “land and expand” in big markets\nEven though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.\nBill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.\nBill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.\n“Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.\nFounder-run companies such as this one are worth considering because they often outperform.\n2. Seek out innovators\nRam’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.\nBack in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.\nBoston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.\n“We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”\nThis penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.\nA key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.\nThey’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.\nBut don’t count out this innovator yet.\n“We recently announced plans to develop new innovative beverages with Beam Suntory that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”\n3. Look for companies that can create and dominate a niche\nFor years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.\nThis is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.\n4. Buy companies in the early stages of rapid growth\nOne way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.\nAlnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.\n“This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”\n5. Hold stocks for the long term\nAll of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129289782,"gmtCreate":1624373818946,"gmtModify":1634007058717,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Is this a fairy tale come true?","listText":"Is this a fairy tale come true?","text":"Is this a fairy tale come true?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/129289782","repostId":"1186919064","repostType":2,"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834473205,"gmtCreate":1629823772907,"gmtModify":1633682173921,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Tim, you are the&nbsp;Apple of my eye!","listText":"Tim, you are the&nbsp;Apple of my eye!","text":"Tim, you are the Apple of my eye!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834473205","repostId":"1167446644","repostType":4,"isVote":1,"tweetType":1,"viewCount":3472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803068912,"gmtCreate":1627396862836,"gmtModify":1633765385523,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Steady and solid are nicknames of Apple","listText":"Steady and solid are nicknames of Apple","text":"Steady and solid are nicknames of Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803068912","repostId":"1108884592","repostType":4,"isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808634772,"gmtCreate":1627572705296,"gmtModify":1633758146960,"author":{"id":"3586642856771590","authorId":"3586642856771590","name":"KDaDa","avatar":"https://static.tigerbbs.com/bbf594380f656556b95e862fd6513d46","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586642856771590","idStr":"3586642856771590"},"themes":[],"title":"","htmlText":"Demistifying the misconceptions that will save a lot of missteps in your investment journey!","listText":"Demistifying the misconceptions that will save a lot of missteps in your investment journey!","text":"Demistifying the misconceptions that will save a lot of missteps in your investment journey!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808634772","repostId":"2155290035","repostType":4,"isVote":1,"tweetType":1,"viewCount":1062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}