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2021-08-13

Good

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2021-08-12

Well done

J.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</blockquote>

2021-08-05

Good

Stocks open slightly higher after fall in jobless claims<blockquote>初请失业金人数下降后股市小幅高开</blockquote>

2021-08-12

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2021-08-01

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2021-08-08

Wow

US IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</blockquote>

2021-08-13

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2021-08-12

Good

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2021-08-11

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What stocks and sectors will benefit from the infrastructure bill?<blockquote>哪些股票和板块将从基建法案中受益？</blockquote>

2021-08-05

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SGX reveals $447m profit for FY2021<blockquote>新交所公布2021财年利润4.47亿美元</blockquote>

2021-08-09

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2021-08-08

Ok

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2021-08-07

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2021-08-04

HUAT AH

Treasury To Start Reducing Bond Auction Sizes As Soon As November<blockquote>财政部最快将于11月开始缩减债券拍卖规模</blockquote>

2021-08-12

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Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>

2021-08-05

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10 stocks that have what it takes to be a ‘perfect’ company<blockquote>10只具备成为“完美”公司所需条件的股票</blockquote>

2021-08-06

Nice

The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</blockquote>

2021-08-01

Good

SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、新加坡电信公司重组的潜在候选者：马来亚银行</blockquote>

2021-08-01

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You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>

2021-08-07

Like

Space Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</blockquote>

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done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/895368945","repostId":"1131454237","repostType":4,"repost":{"id":"1131454237","kind":"news","pubTimestamp":1628724818,"share":"https://www.laohu8.com/m/news/1131454237?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:33","market":"us","language":"en","title":"J.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131454237","media":"Seeking Alpha","summary":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidenc","content":"<p><ul>  <li>Recent results from the transportation and logistics stocks are giving <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.</li>  <li>The stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.</li>  <li>But groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"</li>  <li>J.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded&nbsp;<a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> amid some greater parcel pricing power and a new $5 billion buyback.</li>  <li>As for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.</li>  <li>UPS and <a href=\"https://laohu8.com/S/FDX\">FedEx</a> earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while&nbsp;<a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> - and its spin-off, <a href=\"https://laohu8.com/S/GXO\">GXO Logistics Inc</a> - have \"the highest amount of increment interest by a wide margin.\"</li>  <li>As for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.</li>  <li>Overall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .</li>  <li>Turning to mid-cycle stocks, there's the greatest potential downside for <a href=\"https://laohu8.com/S/JBHT\">JB Hunt Transport</a>&nbsp;and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"</li>  <li>In larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).</li>  <li>Overall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and <a href=\"https://laohu8.com/S/TFII\">TFI International Inc</a>.</li>  <li>And it would stay clear of truckloads (it's Underweight on <a href=\"https://laohu8.com/S/KNX\">Knight Transportation</a>), <a href=\"https://laohu8.com/S/SNDR\">Schneider National Inc.</a>&nbsp;and <a href=\"https://laohu8.com/S/WERN\">Werner Enterprises</a>).</li> </ul></p><p><blockquote><ul><li>运输和物流股最近的业绩给出<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>对下半年更有信心，因为财报后的表现标志着过去几个月的好转。</li><li>该公司表示，由于担心周期见顶以及与利用创纪录运费的不确定联系，自5月份以来，该股一直落后于市场和工业板块。</li><li>但该公司表示，随着“通胀加定价成为更有价值的属性”，铁路公司等集团已经“找到了立足点”。</li><li>摩根大通在五月中旬对一些股票进行了升级审查，此后又进行了升级<a href=\"https://laohu8.com/S/UPS\">联合包裹服务公司</a>在更大的包裹定价权和新的50亿美元回购中。</li><li>至于对该行业的情绪，该公司预计，随着市场寻求上述接近创纪录的货运杠杆，该行业将保持涨跌互现：“在最近的2H21增长恐慌之后，一些投资者仍然观望，更愿意避开潜在的估值下调。周期担忧达到顶峰，”报告称。</li><li>UPS和<a href=\"https://laohu8.com/S/FDX\">联邦快递</a>盈利令人失望，这降低了人们对包裹公司的信心。铁路仍然是受青睐的通胀交易，而<a href=\"https://laohu8.com/S/XPO\">XPO物流</a>-及其分拆，<a href=\"https://laohu8.com/S/GXO\">GXO物流公司</a>-拥有“大幅增加的利息金额最高”。</li><li>至于铁路，在预期的下半年复苏之前，从第一季度到第二季度的运量下降是一个关键问题，但摩根大通并不担心，因为它表示多式联运占季度下降的55%，港口拥堵加剧——以及其他大宗商品环比下降并不令人意外。</li><li>总体而言，该公司表示，自5月中旬将rails列入“逢低买入”名单以来，该公司一直在升温。那里，是Norfolk Southern(NSC)$上的跑赢大盘。</li><li>转向中期周期股票，潜在下行空间最大<a href=\"https://laohu8.com/S/JBHT\">JB亨特运输公司</a>还有C.H。摩根大通表示，Robinson Worldwide（纳斯达克股票代码：CHRW），因为当现货卡车装载势头下降时，他们通常会下调评级。J.B.亨特的溢价远高于历史溢价，而“持有CHRW的最佳时机可能已经过去”。</li><li>在更大的行业主题中，该公司表示，高频数据并不表明未来消费放缓；劳动力短缺对每家公司的打击并不相同（除了卡车司机之外，货运技术公司处于最不利的地位）；公司不太可能迅速降低盈利的周期性；汽车装载率周期出现明显减速迹象；新的基础设施法案仍然不是货运的“推动力”（活动分散在几年内，并涉及骨料等评级较低的商品）。</li><li>总体而言，在该行业，其首选是联邦快递(FDX)、诺福克南方航空(NSC)和<a href=\"https://laohu8.com/S/TFII\">TFI国际公司</a>.</li><li>它会远离卡车的货物（这是跑输大盘<a href=\"https://laohu8.com/S/KNX\">骑士运输</a>),<a href=\"https://laohu8.com/S/SNDR\">施耐德国家公司。</a>和<a href=\"https://laohu8.com/S/WERN\">沃纳企业</a>).</li></ul></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>J.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</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\">\nJ.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-08-12 07:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Recent results from the transportation and logistics stocks are giving <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.</li>  <li>The stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.</li>  <li>But groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"</li>  <li>J.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded&nbsp;<a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> amid some greater parcel pricing power and a new $5 billion buyback.</li>  <li>As for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.</li>  <li>UPS and <a href=\"https://laohu8.com/S/FDX\">FedEx</a> earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while&nbsp;<a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> - and its spin-off, <a href=\"https://laohu8.com/S/GXO\">GXO Logistics Inc</a> - have \"the highest amount of increment interest by a wide margin.\"</li>  <li>As for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.</li>  <li>Overall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .</li>  <li>Turning to mid-cycle stocks, there's the greatest potential downside for <a href=\"https://laohu8.com/S/JBHT\">JB Hunt Transport</a>&nbsp;and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"</li>  <li>In larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).</li>  <li>Overall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and <a href=\"https://laohu8.com/S/TFII\">TFI International Inc</a>.</li>  <li>And it would stay clear of truckloads (it's Underweight on <a href=\"https://laohu8.com/S/KNX\">Knight Transportation</a>), <a href=\"https://laohu8.com/S/SNDR\">Schneider National Inc.</a>&nbsp;and <a href=\"https://laohu8.com/S/WERN\">Werner Enterprises</a>).</li> </ul></p><p><blockquote><ul><li>运输和物流股最近的业绩给出<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>对下半年更有信心，因为财报后的表现标志着过去几个月的好转。</li><li>该公司表示，由于担心周期见顶以及与利用创纪录运费的不确定联系，自5月份以来，该股一直落后于市场和工业板块。</li><li>但该公司表示，随着“通胀加定价成为更有价值的属性”，铁路公司等集团已经“找到了立足点”。</li><li>摩根大通在五月中旬对一些股票进行了升级审查，此后又进行了升级<a href=\"https://laohu8.com/S/UPS\">联合包裹服务公司</a>在更大的包裹定价权和新的50亿美元回购中。</li><li>至于对该行业的情绪，该公司预计，随着市场寻求上述接近创纪录的货运杠杆，该行业将保持涨跌互现：“在最近的2H21增长恐慌之后，一些投资者仍然观望，更愿意避开潜在的估值下调。周期担忧达到顶峰，”报告称。</li><li>UPS和<a href=\"https://laohu8.com/S/FDX\">联邦快递</a>盈利令人失望，这降低了人们对包裹公司的信心。铁路仍然是受青睐的通胀交易，而<a href=\"https://laohu8.com/S/XPO\">XPO物流</a>-及其分拆，<a href=\"https://laohu8.com/S/GXO\">GXO物流公司</a>-拥有“大幅增加的利息金额最高”。</li><li>至于铁路，在预期的下半年复苏之前，从第一季度到第二季度的运量下降是一个关键问题，但摩根大通并不担心，因为它表示多式联运占季度下降的55%，港口拥堵加剧——以及其他大宗商品环比下降并不令人意外。</li><li>总体而言，该公司表示，自5月中旬将rails列入“逢低买入”名单以来，该公司一直在升温。那里，是Norfolk Southern(NSC)$上的跑赢大盘。</li><li>转向中期周期股票，潜在下行空间最大<a href=\"https://laohu8.com/S/JBHT\">JB亨特运输公司</a>还有C.H。摩根大通表示，Robinson Worldwide（纳斯达克股票代码：CHRW），因为当现货卡车装载势头下降时，他们通常会下调评级。J.B.亨特的溢价远高于历史溢价，而“持有CHRW的最佳时机可能已经过去”。</li><li>在更大的行业主题中，该公司表示，高频数据并不表明未来消费放缓；劳动力短缺对每家公司的打击并不相同（除了卡车司机之外，货运技术公司处于最不利的地位）；公司不太可能迅速降低盈利的周期性；汽车装载率周期出现明显减速迹象；新的基础设施法案仍然不是货运的“推动力”（活动分散在几年内，并涉及骨料等评级较低的商品）。</li><li>总体而言，在该行业，其首选是联邦快递(FDX)、诺福克南方航空(NSC)和<a href=\"https://laohu8.com/S/TFII\">TFI国际公司</a>.</li><li>它会远离卡车的货物（这是跑输大盘<a href=\"https://laohu8.com/S/KNX\">骑士运输</a>),<a href=\"https://laohu8.com/S/SNDR\">施耐德国家公司。</a>和<a href=\"https://laohu8.com/S/WERN\">沃纳企业</a>).</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks\">Seeking Alpha</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":{"XPO":"XPO Logistics","KNX":"Knight Transportation Inc","GXO":"GXO Logistics Inc","JBHT":"JB Hunt运输服务","UPS":"联合包裹","TFII":"TFI International Inc","FDX":"联邦快递","SNDR":"Schneider National Inc.","WERN":"沃纳企业公司","NSC":"诺福克南方"},"source_url":"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131454237","content_text":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.\nThe stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.\nBut groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"\nJ.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded United Parcel Service Inc amid some greater parcel pricing power and a new $5 billion buyback.\nAs for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.\nUPS and FedEx earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while XPO Logistics - and its spin-off, GXO Logistics Inc - have \"the highest amount of increment interest by a wide margin.\"\nAs for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.\nOverall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .\nTurning to mid-cycle stocks, there's the greatest potential downside for JB Hunt Transport and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"\nIn larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).\nOverall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and TFI International Inc.\nAnd it would stay clear of truckloads (it's Underweight on Knight Transportation), Schneider National Inc. and Werner Enterprises).","news_type":1,"symbols_score_info":{"KNX":0.9,"GXO":0.9,"SNDR":0.9,"JBHT":0.9,"NSC":0.9,"UPS":0.9,"TFII":0.9,"FDX":0.9,"WERN":0.9,"XPO":0.9}},"isVote":1,"tweetType":1,"viewCount":1749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895363276,"gmtCreate":1628724974395,"gmtModify":1633744891659,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895363276","repostId":"1106699544","repostType":4,"repost":{"id":"1106699544","kind":"news","pubTimestamp":1628723648,"share":"https://www.laohu8.com/m/news/1106699544?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:14","market":"us","language":"en","title":"Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106699544","media":"The Street","summary":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio  -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev","content":"<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>Bin表示：“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链产能。”“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</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 Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-08-12 07:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>Bin表示：“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链产能。”“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106699544","content_text":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n\nNio (NIO) -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.\nShares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.\nRevenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.Vehicle sales came to $1.23 billion, up 127% from a year ago.\nThe company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.\nNiodelivered 7,931 vehicles in July, up 124.5% year-over-year, but down 1.9% from 8,083 in June.For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.\nRevenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago. FactSet is calling for revenue of $1.32 billion.\nWilliam Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:\n\"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"\nSteven Wei Feng, Nio's chief financial officer, said vehicle margin and gross margin reached 20.3% and 18.6% respectively.\nThe increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.\nLast month, Nio saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892607897,"gmtCreate":1628652079519,"gmtModify":1633745353301,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like and good","listText":"Like and good","text":"Like and good","images":[{"img":"https://static.tigerbbs.com/ac432382c3d39cc4f34db983ca16df37","width":"1080","height":"2320"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892607897","isVote":1,"tweetType":1,"viewCount":1571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":892604249,"gmtCreate":1628652009381,"gmtModify":1633745353995,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892604249","repostId":"1147144306","repostType":4,"repost":{"id":"1147144306","kind":"news","pubTimestamp":1628651652,"share":"https://www.laohu8.com/m/news/1147144306?lang=zh_CN&edition=full","pubTime":"2021-08-11 11:14","market":"hk","language":"en","title":"What stocks and sectors will benefit from the infrastructure bill?<blockquote>哪些股票和板块将从基建法案中受益？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147144306","media":"Market Wacth","summary":"What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?Thebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion","content":"<p>What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?</p><p><blockquote>继美国之后，哪些资产将获得提振。参议院星期二在两党的广泛支持下通过了一项大约1万亿美元的基础设施计划，使该计划有望在众议院获得通过，并由总统乔·拜登签署成为法律？</blockquote></p><p> Thebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems.</p><p><blockquote>该法案重新授权现有联邦公共工程项目的支出，并向水利项目、电网和安全工作注入新的5500亿美元。其中包括1100亿美元用于道路、桥梁和其他项目，以及660亿美元用于铁路、650亿美元用于宽带互联网和550亿美元用于供水系统。</blockquote></p><p> Some analysts say that much of the bill’s positive impact on the economy have already been priced into financial markets but it is possible that a further fillip for stocks could be enjoyed, especially as worries linger about the potential for the delta variant of COVID-19 to stymie aspects of the economic recovery from the deadly pandemic.</p><p><blockquote>一些分析师表示，该法案对经济的大部分积极影响已经反映在金融市场中，但股市可能会受到进一步刺激，特别是在人们对COVID-19德尔塔变异毒株潜力的担忧挥之不去的情况下。19阻碍了经济从致命大流行中复苏的各个方面。</blockquote></p><p> “The passage of the&nbsp;infrastructure&nbsp;bill is a nice headline but unlikely to be a big market mover at this point,” wrote Brian Price, head of investment management at Commonwealth Financial Network in emailed remarks.</p><p><blockquote>联邦金融网络投资管理主管布莱恩·普莱斯在电子邮件中写道：“基础设施法案的通过是一个不错的头条新闻，但目前不太可能对市场产生重大影响。”</blockquote></p><p> “I think a lot of the enthusiasm has been priced in over the past few weeks and investors are focused on other factors at this point,” he said, perhaps, referring to investors’ current fixation over the likelihood that the Federal Reserve will taper its monthly purchases of $120 billion in Treasurys and mortgage-backed securities, which had helped to stabilize the market during the height the pandemic back in March and April of 2020.</p><p><blockquote>他表示：“我认为过去几周的热情已经被消化了，投资者目前正在关注其他因素。”他可能指的是投资者目前对美联储缩减购债规模的可能性的关注。每月购买1200亿美元的美国国债和抵押贷款支持证券，这有助于在2020年3月和4月疫情最严重期间稳定市场。</blockquote></p><p> Still, the stock market was headed higher on Tuesday, with the Dow Jones Industrial AverageDJIA,+0.46%and S&amp;P 500SPX,+0.10%at or near all-time closing highs, after the bill’s passage in the Upper chamber, with a 69-to-30 vote, with 19 Republicans also joining the Democratic yeas, The Wall Street Journal reported.</p><p><blockquote>尽管如此，该法案在上议院以69票通过后，周二股市仍走高，道琼斯工业平均指数DJIA上涨0.46%，标准普尔500SPX上涨0.10%，达到或接近历史收盘高点。据《华尔街日报》报道，投票结果为-30，19名共和党人也加入了民主党。</blockquote></p><p> A popular exchange-traded fund that offers exposure to stocks that would benefit from an infrastructure bill, the <a href=\"https://laohu8.com/S/EFFE\">Global X</a> U.S. Infrastructure Development ETFPAVE,+2.19%,was up 2.2% on Tuesday and has climbed 4.7% within the past 30 days, FactSet data show.<img src=\"https://static.tigerbbs.com/d21f2ed025a84fdc2840732cbf4dff62\" tg-width=\"825\" tg-height=\"525\" referrerpolicy=\"no-referrer\">Pave the way higher?The 'PAVE' ETF has been rising over the past 30 daysGlobal X US Infrastructure Development ETFSource: FactSetAs of Aug. 10, 4 p.m. ETJune 2021Aug.24.525.025.526.026.527.0$27.5</p><p><blockquote>这是一只受欢迎的交易所交易基金，提供受益于基础设施法案的股票投资，<a href=\"https://laohu8.com/S/EFFE\">全球X</a>FactSet数据显示，美国基础设施开发ETFPAVE，+2.19%，周二上涨2.2%，过去30天内上涨4.7%。铺路更高？“PAVE”ETF在过去30天内一直在上涨Global X美国基础设施开发ETF资料来源：FactSetAs截至8月10日下午4点ET2021年6月24.525.025.526.026.527.0$27.5</blockquote></p><p> PAVE, referring to the infrastructure ETFs ticker symbol is up 28% so far in 2021, compared with year-to-date gains of around 15% for the S&amp;P 500 and the Dow.</p><p><blockquote>PAVE（指基础设施ETF股票代码）2021年迄今已上涨28%，而标普500和道琼斯指数今年迄今的涨幅约为15%。</blockquote></p><p> PAVE holds 100 stocks, from small-cap to large-cap companies, that derive at least 50% of revenue from infrastructure construction, materials and equipment supply and related services in the U.S.</p><p><blockquote>PAVE持有100只股票，从小盘股到大盘股公司，这些公司至少50%的收入来自美国的基础设施建设、材料和设备供应以及相关服务。</blockquote></p><p> Similarly, the <a href=\"https://laohu8.com/S/IFRA\">iShares U.S. Infrastructure ETF</a>IFRA,+1.45%,another way to play infrastructure, rose 1.3% on Tuesday and is up nearly 22% in the first eight months of the year. The iShares ETF also includes 20 electric utilities and four water utilities, and for that reason isn’t always viewed as a pure-play infrastructure fund.</p><p><blockquote>同样，<a href=\"https://laohu8.com/S/IFRA\">iShares美国基础设施ETF</a>IFRA，+1.45%，基础设施的另一种玩法，周二上涨1.3%，今年前八个月上涨近22%。iShares ETF还包括20家电力公司和4家水务公司，因此并不总是被视为纯粹的基础设施基金。</blockquote></p><p> The Industrial <a href=\"https://laohu8.com/S/SLCT\">Select</a> Sector SPDR ETFXLI,+1.02%,which tracks the S&amp;P 500’s industrial sector, was up 1% on Tuesday and has gained nearly 18% in the year so far.</p><p><blockquote>工业<a href=\"https://laohu8.com/S/SLCT\">选择</a>追踪标普500工业板块的SPDR ETFXLI,+1.02%周二上涨1%，今年迄今已上涨近18%。</blockquote></p><p> Back in the spring MarketWatch’s Philip van Doorn wrote that there are about 20 companies that are included in PAVE that might have the most upsidepotential for investors. Those include <a href=\"https://laohu8.com/S/TISI\">Team</a> Inc., which was up 4.4% on Tuesday but has declined 56% in the year to date and <a href=\"https://laohu8.com/S/PRIM\">Primoris</a>, which was up 2.9% on the day but down 3.6% so far this year.</p><p><blockquote>早在春季，MarketWatch的Philip van Doorn就写道，PAVE中约有20家公司可能对投资者来说最具上涨潜力。这些包括<a href=\"https://laohu8.com/S/TISI\">团队</a>Inc.周二上涨4.4%，但今年迄今已下跌56%<a href=\"https://laohu8.com/S/PRIM\">普里莫里斯</a>，当日上涨2.9%，但今年迄今下跌3.6%。</blockquote></p><p></p><p> <table>  <tbody>   <tr>    <td><b>Company names</b></td>    <td><b>YTD % return</b></td>   </tr>   <tr>    <td>Team Inc.TISI,+4.37%</td>    <td>-56.83</td>   </tr>   <tr>    <td>Primoris Services Corp.PRIM,+2.90%</td>    <td>-3.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/CMCO\">Columbus McKinnon</a> Corp.CMCO,+2.03%</td>    <td>17.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a> Inc.BLDR,+2.72%</td>    <td>19.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/WMS\">Advanced Drainage</a> Systems Inc.WMS,+1.89%</td>    <td>40%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/AIMCV\">Altra Industrial Motion Corp.</a>AIMC,+3.15%</td>    <td>10.5%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/DY\">Dycom</a> IndustriesDY,-0.96%</td>    <td>-5.7%</td>   </tr>   <tr>    <td>Cleveland-Cliffs Inc.CLF,+5.05%</td>    <td>78.7%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/RXN\">Rexnord</a> Corp.RXN,+1.91%</td>    <td>51%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/HRI\">Herc</a> Holdings Inc.HRI,+2.28%</td>    <td>90%</td>   </tr>  </tbody> </table> Overall, the investment in infrastructure is the biggest investment in roads, bridges and tunnels and other areas of America’s inner workings in a generation.</p><p><blockquote><table><tbody><tr><td><b>公司名称</b></td><td><b>年初至今回报率百分比</b></td></tr><tr><td>Team Inc.TISI,+4.37%</td><td>-56.83</td></tr><tr><td>Primoris Services Corp.PRIM,+2.90%</td><td>-3.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/CMCO\">哥伦布·麦金农</a>CMCO公司，+2.03%</td><td>17.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/BLDR\">建筑商FirstSource</a>Inc.BLDR,+2.72%</td><td>19.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/WMS\">高级排水</a>系统公司WMS,+1.89%</td><td>40%</td></tr><tr><td><a href=\"https://laohu8.com/S/AIMCV\">阿尔特拉工业运动公司。</a>AIMC,+3.15%</td><td>10.5%</td></tr><tr><td><a href=\"https://laohu8.com/S/DY\">Dycom</a>工业DY,-0.96%</td><td>-5.7%</td></tr><tr><td>克利夫兰克利夫斯公司CLF,+5.05%</td><td>78.7%</td></tr><tr><td><a href=\"https://laohu8.com/S/RXN\">雷克斯诺德</a>公司RXN,+1.91%</td><td>51%</td></tr><tr><td><a href=\"https://laohu8.com/S/HRI\">Herc</a>控股公司HRI,+2.28%</td><td>90%</td></tr></tbody></table>总体而言，基础设施投资是一代人以来对道路、桥梁和隧道以及美国内部运作其他领域的最大投资。</blockquote></p><p> Edward Moya, analyst at Oanda, said that the infrastructure package, should it get quickly passed by the House, is very constructive in “driving the cyclical trade,” particularly as there have been concerns about the delta variant of COVID.</p><p><blockquote>Oanda分析师Edward Moya表示，如果众议院迅速通过基础设施一揽子计划，对于“推动周期性贸易”非常有建设性，特别是在人们担心新冠疫情的德尔塔变异毒株的情况下。</blockquote></p><p> “Spending will take a few years to ramp up and will in any case be spread over the rest of the decade,” said Michael Pearce, senior U.S. economist at Capital Economics, in a recent note.</p><p><blockquote>凯投宏观(Capital Economics)美国高级经济学家迈克尔·皮尔斯(Michael Pearce)在最近的一份报告中表示：“支出将需要几年时间才能增加，而且无论如何都将分散到这十年的剩余时间里。”</blockquote></p><p></p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat stocks and sectors will benefit from the infrastructure bill?<blockquote>哪些股票和板块将从基建法案中受益？</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\">2021-08-11 11:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?</p><p><blockquote>继美国之后，哪些资产将获得提振。参议院星期二在两党的广泛支持下通过了一项大约1万亿美元的基础设施计划，使该计划有望在众议院获得通过，并由总统乔·拜登签署成为法律？</blockquote></p><p> Thebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems.</p><p><blockquote>该法案重新授权现有联邦公共工程项目的支出，并向水利项目、电网和安全工作注入新的5500亿美元。其中包括1100亿美元用于道路、桥梁和其他项目，以及660亿美元用于铁路、650亿美元用于宽带互联网和550亿美元用于供水系统。</blockquote></p><p> Some analysts say that much of the bill’s positive impact on the economy have already been priced into financial markets but it is possible that a further fillip for stocks could be enjoyed, especially as worries linger about the potential for the delta variant of COVID-19 to stymie aspects of the economic recovery from the deadly pandemic.</p><p><blockquote>一些分析师表示，该法案对经济的大部分积极影响已经反映在金融市场中，但股市可能会受到进一步刺激，特别是在人们对COVID-19德尔塔变异毒株潜力的担忧挥之不去的情况下。19阻碍了经济从致命大流行中复苏的各个方面。</blockquote></p><p> “The passage of the&nbsp;infrastructure&nbsp;bill is a nice headline but unlikely to be a big market mover at this point,” wrote Brian Price, head of investment management at Commonwealth Financial Network in emailed remarks.</p><p><blockquote>联邦金融网络投资管理主管布莱恩·普莱斯在电子邮件中写道：“基础设施法案的通过是一个不错的头条新闻，但目前不太可能对市场产生重大影响。”</blockquote></p><p> “I think a lot of the enthusiasm has been priced in over the past few weeks and investors are focused on other factors at this point,” he said, perhaps, referring to investors’ current fixation over the likelihood that the Federal Reserve will taper its monthly purchases of $120 billion in Treasurys and mortgage-backed securities, which had helped to stabilize the market during the height the pandemic back in March and April of 2020.</p><p><blockquote>他表示：“我认为过去几周的热情已经被消化了，投资者目前正在关注其他因素。”他可能指的是投资者目前对美联储缩减购债规模的可能性的关注。每月购买1200亿美元的美国国债和抵押贷款支持证券，这有助于在2020年3月和4月疫情最严重期间稳定市场。</blockquote></p><p> Still, the stock market was headed higher on Tuesday, with the Dow Jones Industrial AverageDJIA,+0.46%and S&amp;P 500SPX,+0.10%at or near all-time closing highs, after the bill’s passage in the Upper chamber, with a 69-to-30 vote, with 19 Republicans also joining the Democratic yeas, The Wall Street Journal reported.</p><p><blockquote>尽管如此，该法案在上议院以69票通过后，周二股市仍走高，道琼斯工业平均指数DJIA上涨0.46%，标准普尔500SPX上涨0.10%，达到或接近历史收盘高点。据《华尔街日报》报道，投票结果为-30，19名共和党人也加入了民主党。</blockquote></p><p> A popular exchange-traded fund that offers exposure to stocks that would benefit from an infrastructure bill, the <a href=\"https://laohu8.com/S/EFFE\">Global X</a> U.S. Infrastructure Development ETFPAVE,+2.19%,was up 2.2% on Tuesday and has climbed 4.7% within the past 30 days, FactSet data show.<img src=\"https://static.tigerbbs.com/d21f2ed025a84fdc2840732cbf4dff62\" tg-width=\"825\" tg-height=\"525\" referrerpolicy=\"no-referrer\">Pave the way higher?The 'PAVE' ETF has been rising over the past 30 daysGlobal X US Infrastructure Development ETFSource: FactSetAs of Aug. 10, 4 p.m. ETJune 2021Aug.24.525.025.526.026.527.0$27.5</p><p><blockquote>这是一只受欢迎的交易所交易基金，提供受益于基础设施法案的股票投资，<a href=\"https://laohu8.com/S/EFFE\">全球X</a>FactSet数据显示，美国基础设施开发ETFPAVE，+2.19%，周二上涨2.2%，过去30天内上涨4.7%。铺路更高？“PAVE”ETF在过去30天内一直在上涨Global X美国基础设施开发ETF资料来源：FactSetAs截至8月10日下午4点ET2021年6月24.525.025.526.026.527.0$27.5</blockquote></p><p> PAVE, referring to the infrastructure ETFs ticker symbol is up 28% so far in 2021, compared with year-to-date gains of around 15% for the S&amp;P 500 and the Dow.</p><p><blockquote>PAVE（指基础设施ETF股票代码）2021年迄今已上涨28%，而标普500和道琼斯指数今年迄今的涨幅约为15%。</blockquote></p><p> PAVE holds 100 stocks, from small-cap to large-cap companies, that derive at least 50% of revenue from infrastructure construction, materials and equipment supply and related services in the U.S.</p><p><blockquote>PAVE持有100只股票，从小盘股到大盘股公司，这些公司至少50%的收入来自美国的基础设施建设、材料和设备供应以及相关服务。</blockquote></p><p> Similarly, the <a href=\"https://laohu8.com/S/IFRA\">iShares U.S. Infrastructure ETF</a>IFRA,+1.45%,another way to play infrastructure, rose 1.3% on Tuesday and is up nearly 22% in the first eight months of the year. The iShares ETF also includes 20 electric utilities and four water utilities, and for that reason isn’t always viewed as a pure-play infrastructure fund.</p><p><blockquote>同样，<a href=\"https://laohu8.com/S/IFRA\">iShares美国基础设施ETF</a>IFRA，+1.45%，基础设施的另一种玩法，周二上涨1.3%，今年前八个月上涨近22%。iShares ETF还包括20家电力公司和4家水务公司，因此并不总是被视为纯粹的基础设施基金。</blockquote></p><p> The Industrial <a href=\"https://laohu8.com/S/SLCT\">Select</a> Sector SPDR ETFXLI,+1.02%,which tracks the S&amp;P 500’s industrial sector, was up 1% on Tuesday and has gained nearly 18% in the year so far.</p><p><blockquote>工业<a href=\"https://laohu8.com/S/SLCT\">选择</a>追踪标普500工业板块的SPDR ETFXLI,+1.02%周二上涨1%，今年迄今已上涨近18%。</blockquote></p><p> Back in the spring MarketWatch’s Philip van Doorn wrote that there are about 20 companies that are included in PAVE that might have the most upsidepotential for investors. Those include <a href=\"https://laohu8.com/S/TISI\">Team</a> Inc., which was up 4.4% on Tuesday but has declined 56% in the year to date and <a href=\"https://laohu8.com/S/PRIM\">Primoris</a>, which was up 2.9% on the day but down 3.6% so far this year.</p><p><blockquote>早在春季，MarketWatch的Philip van Doorn就写道，PAVE中约有20家公司可能对投资者来说最具上涨潜力。这些包括<a href=\"https://laohu8.com/S/TISI\">团队</a>Inc.周二上涨4.4%，但今年迄今已下跌56%<a href=\"https://laohu8.com/S/PRIM\">普里莫里斯</a>，当日上涨2.9%，但今年迄今下跌3.6%。</blockquote></p><p></p><p> <table>  <tbody>   <tr>    <td><b>Company names</b></td>    <td><b>YTD % return</b></td>   </tr>   <tr>    <td>Team Inc.TISI,+4.37%</td>    <td>-56.83</td>   </tr>   <tr>    <td>Primoris Services Corp.PRIM,+2.90%</td>    <td>-3.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/CMCO\">Columbus McKinnon</a> Corp.CMCO,+2.03%</td>    <td>17.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a> Inc.BLDR,+2.72%</td>    <td>19.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/WMS\">Advanced Drainage</a> Systems Inc.WMS,+1.89%</td>    <td>40%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/AIMCV\">Altra Industrial Motion Corp.</a>AIMC,+3.15%</td>    <td>10.5%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/DY\">Dycom</a> IndustriesDY,-0.96%</td>    <td>-5.7%</td>   </tr>   <tr>    <td>Cleveland-Cliffs Inc.CLF,+5.05%</td>    <td>78.7%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/RXN\">Rexnord</a> Corp.RXN,+1.91%</td>    <td>51%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/HRI\">Herc</a> Holdings Inc.HRI,+2.28%</td>    <td>90%</td>   </tr>  </tbody> </table> Overall, the investment in infrastructure is the biggest investment in roads, bridges and tunnels and other areas of America’s inner workings in a generation.</p><p><blockquote><table><tbody><tr><td><b>公司名称</b></td><td><b>年初至今回报率百分比</b></td></tr><tr><td>Team Inc.TISI,+4.37%</td><td>-56.83</td></tr><tr><td>Primoris Services Corp.PRIM,+2.90%</td><td>-3.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/CMCO\">哥伦布·麦金农</a>CMCO公司，+2.03%</td><td>17.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/BLDR\">建筑商FirstSource</a>Inc.BLDR,+2.72%</td><td>19.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/WMS\">高级排水</a>系统公司WMS,+1.89%</td><td>40%</td></tr><tr><td><a href=\"https://laohu8.com/S/AIMCV\">阿尔特拉工业运动公司。</a>AIMC,+3.15%</td><td>10.5%</td></tr><tr><td><a href=\"https://laohu8.com/S/DY\">Dycom</a>工业DY,-0.96%</td><td>-5.7%</td></tr><tr><td>克利夫兰克利夫斯公司CLF,+5.05%</td><td>78.7%</td></tr><tr><td><a href=\"https://laohu8.com/S/RXN\">雷克斯诺德</a>公司RXN,+1.91%</td><td>51%</td></tr><tr><td><a href=\"https://laohu8.com/S/HRI\">Herc</a>控股公司HRI,+2.28%</td><td>90%</td></tr></tbody></table>总体而言，基础设施投资是一代人以来对道路、桥梁和隧道以及美国内部运作其他领域的最大投资。</blockquote></p><p> Edward Moya, analyst at Oanda, said that the infrastructure package, should it get quickly passed by the House, is very constructive in “driving the cyclical trade,” particularly as there have been concerns about the delta variant of COVID.</p><p><blockquote>Oanda分析师Edward Moya表示，如果众议院迅速通过基础设施一揽子计划，对于“推动周期性贸易”非常有建设性，特别是在人们担心新冠疫情的德尔塔变异毒株的情况下。</blockquote></p><p> “Spending will take a few years to ramp up and will in any case be spread over the rest of the decade,” said Michael Pearce, senior U.S. economist at Capital Economics, in a recent note.</p><p><blockquote>凯投宏观(Capital Economics)美国高级经济学家迈克尔·皮尔斯(Michael Pearce)在最近的一份报告中表示：“支出将需要几年时间才能增加，而且无论如何都将分散到这十年的剩余时间里。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/what-stocks-and-sectors-will-benefit-from-the-infrastructure-bill-11628628331?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":{"DY":"戴康工业","IFRA":"iShares U.S. Infrastructure ETF","WMS":"Advanced Drainage","CLF":"克利夫兰克里夫","HRI":"Herc Holdings Inc.","XLI":"工业指数ETF-SPDR","TISI":"Team Inc","CMCO":"哥伦布-麦金农","PRIM":"Primoris Services Corporation","BLDR":"Builders FirstSource"},"source_url":"https://www.marketwatch.com/story/what-stocks-and-sectors-will-benefit-from-the-infrastructure-bill-11628628331?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147144306","content_text":"What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?\nThebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems.\nSome analysts say that much of the bill’s positive impact on the economy have already been priced into financial markets but it is possible that a further fillip for stocks could be enjoyed, especially as worries linger about the potential for the delta variant of COVID-19 to stymie aspects of the economic recovery from the deadly pandemic.\n“The passage of the infrastructure bill is a nice headline but unlikely to be a big market mover at this point,” wrote Brian Price, head of investment management at Commonwealth Financial Network in emailed remarks.\n“I think a lot of the enthusiasm has been priced in over the past few weeks and investors are focused on other factors at this point,” he said, perhaps, referring to investors’ current fixation over the likelihood that the Federal Reserve will taper its monthly purchases of $120 billion in Treasurys and mortgage-backed securities, which had helped to stabilize the market during the height the pandemic back in March and April of 2020.\nStill, the stock market was headed higher on Tuesday, with the Dow Jones Industrial AverageDJIA,+0.46%and S&P 500SPX,+0.10%at or near all-time closing highs, after the bill’s passage in the Upper chamber, with a 69-to-30 vote, with 19 Republicans also joining the Democratic yeas, The Wall Street Journal reported.\nA popular exchange-traded fund that offers exposure to stocks that would benefit from an infrastructure bill, the Global X U.S. Infrastructure Development ETFPAVE,+2.19%,was up 2.2% on Tuesday and has climbed 4.7% within the past 30 days, FactSet data show.Pave the way higher?The 'PAVE' ETF has been rising over the past 30 daysGlobal X US Infrastructure Development ETFSource: FactSetAs of Aug. 10, 4 p.m. ETJune 2021Aug.24.525.025.526.026.527.0$27.5\nPAVE, referring to the infrastructure ETFs ticker symbol is up 28% so far in 2021, compared with year-to-date gains of around 15% for the S&P 500 and the Dow.\nPAVE holds 100 stocks, from small-cap to large-cap companies, that derive at least 50% of revenue from infrastructure construction, materials and equipment supply and related services in the U.S.\nSimilarly, the iShares U.S. Infrastructure ETFIFRA,+1.45%,another way to play infrastructure, rose 1.3% on Tuesday and is up nearly 22% in the first eight months of the year. The iShares ETF also includes 20 electric utilities and four water utilities, and for that reason isn’t always viewed as a pure-play infrastructure fund.\nThe Industrial Select Sector SPDR ETFXLI,+1.02%,which tracks the S&P 500’s industrial sector, was up 1% on Tuesday and has gained nearly 18% in the year so far.\nBack in the spring MarketWatch’s Philip van Doorn wrote that there are about 20 companies that are included in PAVE that might have the most upsidepotential for investors. Those include Team Inc., which was up 4.4% on Tuesday but has declined 56% in the year to date and Primoris, which was up 2.9% on the day but down 3.6% so far this year.\n\n\n\nCompany names\nYTD % return\n\n\nTeam Inc.TISI,+4.37%\n-56.83\n\n\nPrimoris Services Corp.PRIM,+2.90%\n-3.6%\n\n\nColumbus McKinnon Corp.CMCO,+2.03%\n17.6%\n\n\nBuilders FirstSource Inc.BLDR,+2.72%\n19.6%\n\n\nAdvanced Drainage Systems Inc.WMS,+1.89%\n40%\n\n\nAltra Industrial Motion Corp.AIMC,+3.15%\n10.5%\n\n\nDycom IndustriesDY,-0.96%\n-5.7%\n\n\nCleveland-Cliffs Inc.CLF,+5.05%\n78.7%\n\n\nRexnord Corp.RXN,+1.91%\n51%\n\n\nHerc Holdings Inc.HRI,+2.28%\n90%\n\n\n\nOverall, the investment in infrastructure is the biggest investment in roads, bridges and tunnels and other areas of America’s inner workings in a generation.\nEdward Moya, analyst at Oanda, said that the infrastructure package, should it get quickly passed by the House, is very constructive in “driving the cyclical trade,” particularly as there have 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08:31","market":"us","language":"en","title":"US IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157428986","media":"renaissancecap...","summary":"The IPO market is getting a breather as the August lull continues to set in, with just two banks sch","content":"<p>The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.</p><p><blockquote>随着8月份的平静继续到来，IPO市场正在得到喘息，未来一周只有两家银行计划上市。</blockquote></p><p> Utah-based digital bank&nbsp;<b>FinWise Bancorp</b>(FINW) plans to raise $58 million at a $183 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 3/31/21, FinWise Bancorp had total assets of $330 million, total loans of $245 million, total deposits of $189 million, and total shareholders’ equity of $52 million.</p><p><blockquote>犹他州数字银行<b>FinWise银行</b>(FINW)计划以1.83亿美元的市值筹集5800万美元。FinWise银行向美国各地的消费者和小企业提供贷款并吸收存款。截至2011年3月31日，FinWise Bancorp的总资产为3.3亿美元，贷款总额为2.45亿美元，存款总额为1.89亿美元，股东权益总额为5200万美元。</blockquote></p><p> Alabama bank&nbsp;<b>Southern States Bancshares</b>(SSBK) plans to raise $40 million at a $174 million market cap. Southern States Bank is a full service community bank, serving businesses and individuals through 15 branches across Alabama and Georgia. As of 3/31/21, Southern States had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders’ equity of $145 million.</p><p><blockquote>阿拉巴马银行<b>南部各州银行股</b>(SSBK)计划以1.74亿美元的市值筹集4000万美元。南方各州银行是一家提供全方位服务的社区银行，通过阿拉巴马州和佐治亚州的15家分行为企业和个人提供服务。截至2011年3月31日，南方各州的总资产为15亿美元，贷款总额为11亿美元，存款总额为13亿美元，股东权益总额为1.45亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8919c8c9b4257f3c84869f14fa89bcab\" tg-width=\"1414\" tg-height=\"356\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</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\">\nUS IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-08-07 08:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.</p><p><blockquote>随着8月份的平静继续到来，IPO市场正在得到喘息，未来一周只有两家银行计划上市。</blockquote></p><p> Utah-based digital bank&nbsp;<b>FinWise Bancorp</b>(FINW) plans to raise $58 million at a $183 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 3/31/21, FinWise Bancorp had total assets of $330 million, total loans of $245 million, total deposits of $189 million, and total shareholders’ equity of $52 million.</p><p><blockquote>犹他州数字银行<b>FinWise银行</b>(FINW)计划以1.83亿美元的市值筹集5800万美元。FinWise银行向美国各地的消费者和小企业提供贷款并吸收存款。截至2011年3月31日，FinWise Bancorp的总资产为3.3亿美元，贷款总额为2.45亿美元，存款总额为1.89亿美元，股东权益总额为5200万美元。</blockquote></p><p> Alabama bank&nbsp;<b>Southern States Bancshares</b>(SSBK) plans to raise $40 million at a $174 million market cap. Southern States Bank is a full service community bank, serving businesses and individuals through 15 branches across Alabama and Georgia. As of 3/31/21, Southern States had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders’ equity of $145 million.</p><p><blockquote>阿拉巴马银行<b>南部各州银行股</b>(SSBK)计划以1.74亿美元的市值筹集4000万美元。南方各州银行是一家提供全方位服务的社区银行，通过阿拉巴马州和佐治亚州的15家分行为企业和个人提供服务。截至2011年3月31日，南方各州的总资产为15亿美元，贷款总额为11亿美元，存款总额为13亿美元，股东权益总额为1.45亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8919c8c9b4257f3c84869f14fa89bcab\" tg-width=\"1414\" tg-height=\"356\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85076/US-IPO-Week-Ahead-2-banks-test-the-waters-amid-annual-summer-slowdown\">renaissancecap...</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":{"FINW":"Finwise Bancorp","SSBK":"Southern States Bancshares, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85076/US-IPO-Week-Ahead-2-banks-test-the-waters-amid-annual-summer-slowdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157428986","content_text":"The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.\nUtah-based digital bank FinWise Bancorp(FINW) plans to raise $58 million at a $183 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 3/31/21, FinWise Bancorp had total assets of $330 million, total loans of $245 million, total deposits of $189 million, and total shareholders’ equity of $52 million.\nAlabama bank Southern States Bancshares(SSBK) plans to raise $40 million at a $174 million market cap. Southern States Bank is a full service community bank, serving businesses and individuals through 15 branches across Alabama and Georgia. As of 3/31/21, Southern States had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders’ equity of $145 million.","news_type":1,"symbols_score_info":{"SSBK":0.9,"FINW":0.9}},"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893544534,"gmtCreate":1628292429928,"gmtModify":1633751997277,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893544534","repostId":"1159359820","repostType":4,"repost":{"id":"1159359820","kind":"news","pubTimestamp":1628264299,"share":"https://www.laohu8.com/m/news/1159359820?lang=zh_CN&edition=full","pubTime":"2021-08-06 23:38","market":"us","language":"en","title":"Space Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159359820","media":"The Wall Street Journal","summary":"Stock futures are higher after Monday’s slide on Wall Street.\n\n\nTo the moon! Well, not quite, butint","content":"<p>  <b>Stock futures are higher after Monday’s slide on Wall Street.</b>  </p><p><blockquote><b>华尔街周一下跌后，股指期货走高。</b></blockquote></p><p> To the moon! Well, not quite, butinto space at leasttoday forJeff Bezos,the billionaire baron of ecommerce. Also not going to the moon isAmazonAMZN-1.19%stock, though it is 0.3% up premarket on Tuesday morning.</p><p><blockquote>去月球！嗯，不完全是，但至少今天对于电子商务亿万富翁杰夫·贝索斯来说是这样。同样不会登上月球的还有亚马逊AMZN-1.19%的股票，尽管周二上午盘前上涨了0.3%。</blockquote></p><p> <ul>  <li>One reason for Mr. Bezos’s rocket ride is the more earthly goal of winning government contracts for the kind of less thrilling scientific projects the provide reliable revenue. His Blue Origin company is playing catch-up withElon Musk’s SpaceX.</li>  <li>Mr. Musk’s electric vehicle makerTesla,TSLA-1.55%is getting a bit of a boost Tuesday morning ahead of the open, rising 1% premarket. It is also gaining more attention on the message boards among day traders, according to Topstonks.com. The company reports earnings next Monday and tends to see its stock rise in the days ahead as investors start hoping for exciting announcements.</li>  <li>In the wider markets, U.S. stock futures are trending higher ahead of the open following Monday’s broad selloff. S&amp;P 500 futures and Dow futures are up 0.3%, and Nasdaq-100 futures are up 0.4%.</li>  <li>Nasdaq the company, not the index, is itself rising premarket, up 1%, after TheWall Street Journal’s exclusivethat it will spin out its Private Market for shares in start-ups that trade among some investors before an initial public offering. The business will go into a standalone joint venture company and get investment from three Wall Street banks and SVB Financial Group, a tech specialist bank.</li>  <li>NvidiaNVDA-1.30%is down 0.8% on large volumes following a &nbsp;3.4% rise Monday. The shares are up nearly 80% over the past year, putting the chip makerinto the top 10list of U.S. public companies. It also executed its four-for-one stock split overnight, which has given some investorsmore ways to trade the stock-performance.</li>  <li>International Business MachinesIBM+0.54%is up 2.8% ahead of the open on Tuesday after turning in decent second-quarter numbers Monday after the close. The computing group’s efforts to refocus on cloud-based computing and spin off its old-fashioned IT services business is winning fans among investors. At the same time, it has benefitted from companies beginning to invest again as the economy reopens.</li> </ul> <ul>  <li>Advanced Micro DevicesAMD+1.43%is rising up the chat charts on social media platforms, according to Topstonks.com, gaining popularity among retail traders. Its shares are up 0.4% premarket on good volumes following a 0.8% rise Monday.</li>  <li>Growing chatter and chunky volumes Tuesday morning for another perennial retail favourite:AMC Entertainment.AMC-3.16%The cinema chain’s shares have taken a bit of a beating so far this month, but they are 1.7% higher premarket Tuesday.</li>  <li>Zoom Video CommunicationsZM-3.50%is bouncing slightly Tuesday morning, up 0.4% in premarket trading after a 2.2% drop on Monday when it revealed it would buy customer service software firmFive9.FIVN-3.04%The target’s shares jumped nearly 6% Monday, are down 0.3% premarket.</li>  <li>Shares in big U.S. investments banks, which all took a knock Monday with the drop in financial markets, look set to rebound a bit Tuesday:Goldman SachsGS+2.91%andJPMorgan ChaseJPM+2.66%are both up about 0.3%, while andMorgan StanleyMS+1.64%up about 0.5% in premarket trading.</li>  <li>Bitcoin dropped below $30,000 Tuesday for the first time in a month.</li>  <li>Netflix,NFLX-0.33%United AirlinesUAL-0.71%andChipotle Mexican GrillCMG-0.63%are due to report earnings after Tuesday’s close.</li> </ul> <img src=\"https://static.tigerbbs.com/6454f89ce9900ecbca7664b0da4ff6fa\" tg-width=\"761\" tg-height=\"567\" width=\"100%\" height=\"auto\"></p><p><blockquote><ul><li>贝佐斯乘坐火箭的一个原因是更世俗的目标，即赢得政府合同，为那些不那么令人兴奋的科学项目提供可靠的收入。他的蓝色起源公司正在追赶埃隆·马斯克的SpaceX。</li><li>马斯克的电动汽车制造商特斯拉(TSLA-1.55%)周二上午开盘前小幅上涨，盘前上涨1%。据Topstonks.com称，它也在日内交易者的留言板上获得了更多关注。该公司将于下周一公布财报，随着投资者开始期待令人兴奋的公告，其股价在未来几天可能会上涨。</li><li>在更广泛的市场中，继周一的广泛抛售之后，美国股指期货在开盘前呈走高趋势。标普500期货和道指期货上涨0.3%，纳斯达克100期货上涨0.4%。</li><li>纳斯达克该公司（而不是该指数）本身在盘前上涨，上涨了1%，此前《华尔街日报》独家报道称，该公司将分拆其私人市场，购买在首次公开募股之前在一些投资者中交易的初创企业股票。该业务将成立一家独立的合资公司，并获得三家华尔街银行和科技专业银行SVB金融集团的投资。</li><li>英伟达(NvidiaNVDA-1.30%)继周一上涨3.过去一年中，该股上涨近80%，使芯片制造商跻身美国上市公司十大名单。它还在一夜之间执行了四对一的股票分割，这为一些投资者提供了更多交易股票表现的方式。</li><li>国际商业机器IBM+0.54%在周一收盘后公布了不错的第二季度数据后，周二开盘前上涨2.8%。该计算集团重新专注于基于云的计算并剥离其老式IT服务业务的努力正在赢得投资者的青睐。与此同时，随着经济重新开放，企业开始再次投资，它也从中受益。</li></ul><ul><li>根据Topstonks.com的数据，Advanced Micro DevicesAMD+1.43%在社交媒体平台上的聊天排行榜上不断上升，在零售交易者中越来越受欢迎。继周一上涨0.8%后，其股价盘前上涨0.4%，成交量良好。</li><li>周二上午，另一家长期受欢迎的零售巨头AMC Entertainment的讨论和成交量不断增加。AMC-3.16%这家连锁影院的股价本月迄今为止遭受了一些打击，但周二盘前上涨了1.7%。</li><li>Zoom Video通信ZM-3.50%周二上午小幅反弹，盘前交易中上涨0.4%，周一该公司透露将收购客户服务软件公司Five9.FIVN-3.04%，该公司股价周一上涨近6%，盘前下跌0.3%。</li><li>美国大型投资银行的股价周一均因金融市场下跌而受到打击，但周二似乎将小幅反弹：高盛SGS+2.91%和摩根大通JPM+2.66%均上涨约0.3%，而摩根士丹利MS+1.64%盘前交易上涨约0.5%。</li><li>比特币周二一个月来首次跌破30,000美元。</li><li>Netflix、NFLX-0.33%联合航空SU-0.71%和Chipotle Mexican GrillCMG-0.63%将于周二收盘后公布财报。</li></ul></blockquote></p><p> <ul>  <li>Stocks, commodities and other financial marketstook a stumbleMonday on growing concerns about the strength of the post-Covid-19 global recovery.</li> </ul> <b>Corrections &amp; Amplifications</b></p><p><blockquote><ul><li>由于对Covid-19后全球复苏力度的担忧日益加剧，股市、大宗商品和其他金融市场周一下跌。</li></ul><b>校正和放大</b></blockquote></p><p> Nvidia shares rose 3.4% on Monday,&nbsp;July 19. An earlier version of this article incorrectly&nbsp;said that they rose 15%. A separate version of the article incorrectly said they rose 3%. (Corrected on Aug. 6)</p><p><blockquote>7月19日星期一，英伟达股价上涨3.4%。本文的早期版本错误地说它们上涨了15%。这篇文章的另一个版本错误地说它们上涨了3%。（8月6日更正）</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>Space Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</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\">\nSpace Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-08-06 23:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Stock futures are higher after Monday’s slide on Wall Street.</b>  </p><p><blockquote><b>华尔街周一下跌后，股指期货走高。</b></blockquote></p><p> To the moon! Well, not quite, butinto space at leasttoday forJeff Bezos,the billionaire baron of ecommerce. Also not going to the moon isAmazonAMZN-1.19%stock, though it is 0.3% up premarket on Tuesday morning.</p><p><blockquote>去月球！嗯，不完全是，但至少今天对于电子商务亿万富翁杰夫·贝索斯来说是这样。同样不会登上月球的还有亚马逊AMZN-1.19%的股票，尽管周二上午盘前上涨了0.3%。</blockquote></p><p> <ul>  <li>One reason for Mr. Bezos’s rocket ride is the more earthly goal of winning government contracts for the kind of less thrilling scientific projects the provide reliable revenue. His Blue Origin company is playing catch-up withElon Musk’s SpaceX.</li>  <li>Mr. Musk’s electric vehicle makerTesla,TSLA-1.55%is getting a bit of a boost Tuesday morning ahead of the open, rising 1% premarket. It is also gaining more attention on the message boards among day traders, according to Topstonks.com. The company reports earnings next Monday and tends to see its stock rise in the days ahead as investors start hoping for exciting announcements.</li>  <li>In the wider markets, U.S. stock futures are trending higher ahead of the open following Monday’s broad selloff. S&amp;P 500 futures and Dow futures are up 0.3%, and Nasdaq-100 futures are up 0.4%.</li>  <li>Nasdaq the company, not the index, is itself rising premarket, up 1%, after TheWall Street Journal’s exclusivethat it will spin out its Private Market for shares in start-ups that trade among some investors before an initial public offering. The business will go into a standalone joint venture company and get investment from three Wall Street banks and SVB Financial Group, a tech specialist bank.</li>  <li>NvidiaNVDA-1.30%is down 0.8% on large volumes following a &nbsp;3.4% rise Monday. The shares are up nearly 80% over the past year, putting the chip makerinto the top 10list of U.S. public companies. It also executed its four-for-one stock split overnight, which has given some investorsmore ways to trade the stock-performance.</li>  <li>International Business MachinesIBM+0.54%is up 2.8% ahead of the open on Tuesday after turning in decent second-quarter numbers Monday after the close. The computing group’s efforts to refocus on cloud-based computing and spin off its old-fashioned IT services business is winning fans among investors. At the same time, it has benefitted from companies beginning to invest again as the economy reopens.</li> </ul> <ul>  <li>Advanced Micro DevicesAMD+1.43%is rising up the chat charts on social media platforms, according to Topstonks.com, gaining popularity among retail traders. Its shares are up 0.4% premarket on good volumes following a 0.8% rise Monday.</li>  <li>Growing chatter and chunky volumes Tuesday morning for another perennial retail favourite:AMC Entertainment.AMC-3.16%The cinema chain’s shares have taken a bit of a beating so far this month, but they are 1.7% higher premarket Tuesday.</li>  <li>Zoom Video CommunicationsZM-3.50%is bouncing slightly Tuesday morning, up 0.4% in premarket trading after a 2.2% drop on Monday when it revealed it would buy customer service software firmFive9.FIVN-3.04%The target’s shares jumped nearly 6% Monday, are down 0.3% premarket.</li>  <li>Shares in big U.S. investments banks, which all took a knock Monday with the drop in financial markets, look set to rebound a bit Tuesday:Goldman SachsGS+2.91%andJPMorgan ChaseJPM+2.66%are both up about 0.3%, while andMorgan StanleyMS+1.64%up about 0.5% in premarket trading.</li>  <li>Bitcoin dropped below $30,000 Tuesday for the first time in a month.</li>  <li>Netflix,NFLX-0.33%United AirlinesUAL-0.71%andChipotle Mexican GrillCMG-0.63%are due to report earnings after Tuesday’s close.</li> </ul> <img src=\"https://static.tigerbbs.com/6454f89ce9900ecbca7664b0da4ff6fa\" tg-width=\"761\" tg-height=\"567\" width=\"100%\" height=\"auto\"></p><p><blockquote><ul><li>贝佐斯乘坐火箭的一个原因是更世俗的目标，即赢得政府合同，为那些不那么令人兴奋的科学项目提供可靠的收入。他的蓝色起源公司正在追赶埃隆·马斯克的SpaceX。</li><li>马斯克的电动汽车制造商特斯拉(TSLA-1.55%)周二上午开盘前小幅上涨，盘前上涨1%。据Topstonks.com称，它也在日内交易者的留言板上获得了更多关注。该公司将于下周一公布财报，随着投资者开始期待令人兴奋的公告，其股价在未来几天可能会上涨。</li><li>在更广泛的市场中，继周一的广泛抛售之后，美国股指期货在开盘前呈走高趋势。标普500期货和道指期货上涨0.3%，纳斯达克100期货上涨0.4%。</li><li>纳斯达克该公司（而不是该指数）本身在盘前上涨，上涨了1%，此前《华尔街日报》独家报道称，该公司将分拆其私人市场，购买在首次公开募股之前在一些投资者中交易的初创企业股票。该业务将成立一家独立的合资公司，并获得三家华尔街银行和科技专业银行SVB金融集团的投资。</li><li>英伟达(NvidiaNVDA-1.30%)继周一上涨3.过去一年中，该股上涨近80%，使芯片制造商跻身美国上市公司十大名单。它还在一夜之间执行了四对一的股票分割，这为一些投资者提供了更多交易股票表现的方式。</li><li>国际商业机器IBM+0.54%在周一收盘后公布了不错的第二季度数据后，周二开盘前上涨2.8%。该计算集团重新专注于基于云的计算并剥离其老式IT服务业务的努力正在赢得投资者的青睐。与此同时，随着经济重新开放，企业开始再次投资，它也从中受益。</li></ul><ul><li>根据Topstonks.com的数据，Advanced Micro DevicesAMD+1.43%在社交媒体平台上的聊天排行榜上不断上升，在零售交易者中越来越受欢迎。继周一上涨0.8%后，其股价盘前上涨0.4%，成交量良好。</li><li>周二上午，另一家长期受欢迎的零售巨头AMC Entertainment的讨论和成交量不断增加。AMC-3.16%这家连锁影院的股价本月迄今为止遭受了一些打击，但周二盘前上涨了1.7%。</li><li>Zoom Video通信ZM-3.50%周二上午小幅反弹，盘前交易中上涨0.4%，周一该公司透露将收购客户服务软件公司Five9.FIVN-3.04%，该公司股价周一上涨近6%，盘前下跌0.3%。</li><li>美国大型投资银行的股价周一均因金融市场下跌而受到打击，但周二似乎将小幅反弹：高盛SGS+2.91%和摩根大通JPM+2.66%均上涨约0.3%，而摩根士丹利MS+1.64%盘前交易上涨约0.5%。</li><li>比特币周二一个月来首次跌破30,000美元。</li><li>Netflix、NFLX-0.33%联合航空SU-0.71%和Chipotle Mexican GrillCMG-0.63%将于周二收盘后公布财报。</li></ul></blockquote></p><p> <ul>  <li>Stocks, commodities and other financial marketstook a stumbleMonday on growing concerns about the strength of the post-Covid-19 global recovery.</li> </ul> <b>Corrections &amp; Amplifications</b></p><p><blockquote><ul><li>由于对Covid-19后全球复苏力度的担忧日益加剧，股市、大宗商品和其他金融市场周一下跌。</li></ul><b>校正和放大</b></blockquote></p><p> Nvidia shares rose 3.4% on Monday,&nbsp;July 19. An earlier version of this article incorrectly&nbsp;said that they rose 15%. A separate version of the article incorrectly said they rose 3%. (Corrected on Aug. 6)</p><p><blockquote>7月19日星期一，英伟达股价上涨3.4%。本文的早期版本错误地说它们上涨了15%。这篇文章的另一个版本错误地说它们上涨了3%。（8月6日更正）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/space-race-nvidia-and-ibm-what-to-watch-when-the-market-opens-11626778707?mod=rss_markets_main\">The Wall Street Journal</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","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/space-race-nvidia-and-ibm-what-to-watch-when-the-market-opens-11626778707?mod=rss_markets_main","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159359820","content_text":"Stock futures are higher after Monday’s slide on Wall Street.\n\n\nTo the moon! Well, not quite, butinto space at leasttoday forJeff Bezos,the billionaire baron of ecommerce. Also not going to the moon isAmazonAMZN-1.19%stock, though it is 0.3% up premarket on Tuesday morning.\n\nOne reason for Mr. Bezos’s rocket ride is the more earthly goal of winning government contracts for the kind of less thrilling scientific projects the provide reliable revenue. His Blue Origin company is playing catch-up withElon Musk’s SpaceX.\nMr. Musk’s electric vehicle makerTesla,TSLA-1.55%is getting a bit of a boost Tuesday morning ahead of the open, rising 1% premarket. It is also gaining more attention on the message boards among day traders, according to Topstonks.com. The company reports earnings next Monday and tends to see its stock rise in the days ahead as investors start hoping for exciting announcements.\nIn the wider markets, U.S. stock futures are trending higher ahead of the open following Monday’s broad selloff. S&P 500 futures and Dow futures are up 0.3%, and Nasdaq-100 futures are up 0.4%.\nNasdaq the company, not the index, is itself rising premarket, up 1%, after TheWall Street Journal’s exclusivethat it will spin out its Private Market for shares in start-ups that trade among some investors before an initial public offering. The business will go into a standalone joint venture company and get investment from three Wall Street banks and SVB Financial Group, a tech specialist bank.\nNvidiaNVDA-1.30%is down 0.8% on large volumes following a  3.4% rise Monday. The shares are up nearly 80% over the past year, putting the chip makerinto the top 10list of U.S. public companies. It also executed its four-for-one stock split overnight, which has given some investorsmore ways to trade the stock-performance.\nInternational Business MachinesIBM+0.54%is up 2.8% ahead of the open on Tuesday after turning in decent second-quarter numbers Monday after the close. The computing group’s efforts to refocus on cloud-based computing and spin off its old-fashioned IT services business is winning fans among investors. At the same time, it has benefitted from companies beginning to invest again as the economy reopens.\n\n\nAdvanced Micro DevicesAMD+1.43%is rising up the chat charts on social media platforms, according to Topstonks.com, gaining popularity among retail traders. Its shares are up 0.4% premarket on good volumes following a 0.8% rise Monday.\nGrowing chatter and chunky volumes Tuesday morning for another perennial retail favourite:AMC Entertainment.AMC-3.16%The cinema chain’s shares have taken a bit of a beating so far this month, but they are 1.7% higher premarket Tuesday.\nZoom Video CommunicationsZM-3.50%is bouncing slightly Tuesday morning, up 0.4% in premarket trading after a 2.2% drop on Monday when it revealed it would buy customer service software firmFive9.FIVN-3.04%The target’s shares jumped nearly 6% Monday, are down 0.3% premarket.\nShares in big U.S. investments banks, which all took a knock Monday with the drop in financial markets, look set to rebound a bit Tuesday:Goldman SachsGS+2.91%andJPMorgan ChaseJPM+2.66%are both up about 0.3%, while andMorgan StanleyMS+1.64%up about 0.5% in premarket trading.\nBitcoin dropped below $30,000 Tuesday for the first time in a month.\nNetflix,NFLX-0.33%United AirlinesUAL-0.71%andChipotle Mexican GrillCMG-0.63%are due to report earnings after Tuesday’s close.\n\n\n\nStocks, commodities and other financial marketstook a stumbleMonday on growing concerns about the strength of the post-Covid-19 global recovery.\n\nCorrections & Amplifications\nNvidia shares rose 3.4% on Monday, July 19. An earlier version of this article incorrectly said that they rose 15%. A separate version of the article incorrectly said they rose 3%. (Corrected on Aug. 6)","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893549285,"gmtCreate":1628291975747,"gmtModify":1633752003552,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893549285","repostId":"1130636428","repostType":4,"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893549944,"gmtCreate":1628291929788,"gmtModify":1633752004009,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893549944","repostId":"1141271021","repostType":4,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893391025,"gmtCreate":1628236171967,"gmtModify":1633752353706,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893391025","repostId":"1185532559","repostType":4,"repost":{"id":"1185532559","kind":"news","pubTimestamp":1628233837,"share":"https://www.laohu8.com/m/news/1185532559?lang=zh_CN&edition=full","pubTime":"2021-08-06 15:10","market":"us","language":"en","title":"How Biden’s E.V. Plan Could Help Tesla and Squeeze Toyota<blockquote>拜登的电动汽车。该计划可以帮助特斯拉并挤压丰田</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185532559","media":"The New York Times","summary":"A push to increase sales of electric vehicles favors companies that already have all-electric cars o","content":"<p>  A push to increase sales of electric vehicles favors companies that already have all-electric cars on the market and could penalize those that don’t.  The Biden administration’s vow on Thursday to push sales ofelectric vehiclesto50 percent of new car purchases by 2030means that there’s no place left to hide for any carmaker resisting the shift to battery power.</p><p><blockquote>推动增加电动汽车销量有利于市场上已经有全电动汽车的公司，并可能惩罚那些没有全电动汽车的公司。拜登政府周四誓言到2030年将电动汽车销量提高到新车购买量的50%，这意味着任何抵制向电池动力转变的汽车制造商都无处可藏。</blockquote></p><p> EuropeandChinawere already heavily promoting electric vehicles using regulations, incentives for consumers, and subsidies for carmakers and battery producers. President Biden’s commitment to follow a similar strategy means that the world’s three largest car markets are moving away from internal combustion at a faster pace than anyone predicted a few years ago.</p><p><blockquote>欧洲和中国已经通过法规、对消费者的激励以及对汽车制造商和电池生产商的补贴大力推广电动汽车。拜登总统承诺遵循类似的战略，这意味着全球三大汽车市场正在以比几年前任何人预测的更快的速度摆脱内燃机。</blockquote></p><p> “This is the last major piece in the jigsaw,” said Peter Wells, director of the Center for Automotive Industry Research at Cardiff Business School in Wales. “This does put pressure on some of the more laggardly companies.”</p><p><blockquote>威尔士卡迪夫商学院汽车工业研究中心主任彼得·威尔斯表示：“这是拼图中的最后一块。”“这确实给一些较为落后的企业带来了压力。”</blockquote></p><p> Mr. Biden’s announcement is good news for Tesla, which accounts for more than two-thirds of the battery-powered cars sold in the United States, and potentially bad news forToyota Motor, the world’s largest automaker, which will not begin selling a car powered solely by batteries in the United States until next year.</p><p><blockquote>拜登的声明对特斯拉来说是个好消息，该公司占美国销售的电池驱动汽车的三分之二以上，但对全球最大的汽车制造商丰田汽车来说可能是个坏消息，该公司将不会开始销售电动汽车直到明年才在美国仅由电池驱动。</blockquote></p><p> In between areGeneral Motors,Ford MotorandVolkswagen, which have begun selling tens of thousands of electric cars but depend on vehicles with internal combustion engines for most of their revenue and profit.</p><p><blockquote>介于两者之间的是通用汽车、福特汽车和大众汽车，它们已经开始销售数万辆电动汽车，但大部分收入和利润都依赖于内燃机汽车。</blockquote></p><p> It is by no means certain that the familiar car brands will be dividing the expanding market for electric vehicles among themselves. The shift to battery power is an opportunity for Chinese carmakers to expand into new markets, which they are doing with strong support from their government.NIO, for example, has announced plans to open a dealership in Oslo in September as a first step into the European market.</p><p><blockquote>人们熟悉的汽车品牌是否会瓜分不断扩大的电动汽车市场，这一点也不确定。向电池动力的转变是中国汽车制造商拓展新市场的机会，他们正在政府的大力支持下这样做。例如，蔚来汽车宣布计划于9月份在奥斯陆开设一家经销店，作为进军欧洲市场的第一步市场。</blockquote></p><p> The president’s declaration could also help start-ups like Rivian and Lucid Motors, both based in the United States, that are expected to deliver their first vehicles this year.</p><p><blockquote>总统的声明还可以帮助Rivian和Lucid Motors等总部位于美国的初创企业，预计这些企业将于今年交付第一批汽车。</blockquote></p><p> Mr. Biden framed his push in part as a geopolitical competition in an emerging technology. The initiative is part of an effort “to drive the electric vehicle future forward, outcompete China and tackle the climate crisis,” according toa White House fact sheet.</p><p><blockquote>拜登将他的推动部分视为新兴技术领域的地缘政治竞争。白宫情况说明书称，该举措是“推动电动汽车未来发展、击败中国并应对气候危机”努力的一部分。</blockquote></p><p> Europe is also far ahead of the United States in E.V. sales. The European Commission, the administrative arm of the European Union, has effectively compelled the auto industry to sell electric cars by imposing stiff fines on companies that exceed limits on carbon dioxide emissions.</p><p><blockquote>欧洲在电动汽车方面也远远领先于美国。销售。欧盟的行政机构欧盟委员会通过对超过二氧化碳排放限制的公司处以高额罚款，有效地迫使汽车行业销售电动汽车。</blockquote></p><p> Governments in Germany and other European countries are also offering generous cash incentives for electric car purchases. And an increasing number of consumers like the smooth, quick acceleration of electric vehicles, the savings on fuel and maintenance, and the satisfaction of not producing any tailpipe emissions.</p><p><blockquote>德国和其他欧洲国家的政府也为购买电动汽车提供了慷慨的现金激励。越来越多的消费者喜欢电动汽车平稳、快速的加速、节省燃料和维护以及不产生任何尾气排放的满足感。</blockquote></p><p> In the first six months of the year, 17 percent of the new cars sold in Europe were battery-powered vehicles or plug-in hybrids, according to Schmidt Automotive Research, which tracks E.V. sales in Europe. In the United States, fewer than 4 percent of new cars were pure-electric vehicles or plug-in hybrids, according to June sales figures compiled by Argonne National Laboratory.</p><p><blockquote>根据跟踪电动汽车的施密特汽车研究公司的数据，今年前六个月，欧洲销售的新车中有17%是电池驱动汽车或插电式混合动力汽车。在欧洲的销售。根据阿贡国家实验室编制的6月份销售数据，在美国，只有不到4%的新车是纯电动汽车或插电式混合动力车。</blockquote></p><p> The European Commission continues to turn up the pressure, announcing plans to effectivelyban sales of cars with internal combustion enginesin 2035.</p><p><blockquote>欧盟委员会继续加大压力，宣布计划在2035年有效禁止销售内燃机汽车。</blockquote></p><p> By comparison, the Biden administration’s goals are modest, which has earned it criticism from some environmentalists. Plug-in hybrids, which have internal combustion engines in addition to batteries, would count as electric vehicles, giving Toyota some breathing room because of its leadership in that technology. And in 2030 half of the vehicles sold in the United States would still be powered by gasoline or diesel. Because cars typically stay on the road for more than a decade, that means the country will probably not be rid of internal combustion vehicles or gas stations for many years.</p><p><blockquote>相比之下，拜登政府的目标是温和的，这为其赢得了一些环保人士的批评。插电式混合动力车除了电池外还配备内燃机，将被视为电动汽车，这给了丰田一些喘息的空间，因为它在该技术上处于领先地位。到2030年，美国销售的一半汽车仍将由汽油或柴油驱动。因为汽车通常会在路上行驶十多年，这意味着该国可能在很多年内都不会摆脱内燃机汽车或加油站。</blockquote></p><p> The White House’s caution may reflect recognition of the scale of the industrial transformation that lies ahead. The president’s plan also calls for construction of a nationwide network of charging stations and money to help companies retool factories to produce electric cars and components. One major risk is economic dislocation and job losses if the businesses that make parts for gasoline vehicles can’t adapt.</p><p><blockquote>白宫的谨慎可能反映了对未来工业转型规模的认识。总统的计划还评级建设全国充电站网络，并提供资金帮助企业重组工厂以生产电动汽车和零部件。如果为汽油车制造零部件的企业无法适应，一个主要风险是经济混乱和失业。</blockquote></p><p> America also lacks enough battery factories. The European Commission is providing financial support to build battery factories in the European Union to reduce its reliance on Asia, where most batteries are currently produced.</p><p><blockquote>美国也缺乏足够的电池工厂。欧盟委员会正在提供资金支持，在欧盟建设电池工厂，以减少对亚洲的依赖，目前大多数电池都是在亚洲生产的。</blockquote></p><p></p>","source":"lsy1608616134662","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>How Biden’s E.V. Plan Could Help Tesla and Squeeze Toyota<blockquote>拜登的电动汽车。该计划可以帮助特斯拉并挤压丰田</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\">\nHow Biden’s E.V. Plan Could Help Tesla and Squeeze Toyota<blockquote>拜登的电动汽车。该计划可以帮助特斯拉并挤压丰田</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The New York Times</strong><span class=\"h-time small\">2021-08-06 15:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  A push to increase sales of electric vehicles favors companies that already have all-electric cars on the market and could penalize those that don’t.  The Biden administration’s vow on Thursday to push sales ofelectric vehiclesto50 percent of new car purchases by 2030means that there’s no place left to hide for any carmaker resisting the shift to battery power.</p><p><blockquote>推动增加电动汽车销量有利于市场上已经有全电动汽车的公司，并可能惩罚那些没有全电动汽车的公司。拜登政府周四誓言到2030年将电动汽车销量提高到新车购买量的50%，这意味着任何抵制向电池动力转变的汽车制造商都无处可藏。</blockquote></p><p> EuropeandChinawere already heavily promoting electric vehicles using regulations, incentives for consumers, and subsidies for carmakers and battery producers. President Biden’s commitment to follow a similar strategy means that the world’s three largest car markets are moving away from internal combustion at a faster pace than anyone predicted a few years ago.</p><p><blockquote>欧洲和中国已经通过法规、对消费者的激励以及对汽车制造商和电池生产商的补贴大力推广电动汽车。拜登总统承诺遵循类似的战略，这意味着全球三大汽车市场正在以比几年前任何人预测的更快的速度摆脱内燃机。</blockquote></p><p> “This is the last major piece in the jigsaw,” said Peter Wells, director of the Center for Automotive Industry Research at Cardiff Business School in Wales. “This does put pressure on some of the more laggardly companies.”</p><p><blockquote>威尔士卡迪夫商学院汽车工业研究中心主任彼得·威尔斯表示：“这是拼图中的最后一块。”“这确实给一些较为落后的企业带来了压力。”</blockquote></p><p> Mr. Biden’s announcement is good news for Tesla, which accounts for more than two-thirds of the battery-powered cars sold in the United States, and potentially bad news forToyota Motor, the world’s largest automaker, which will not begin selling a car powered solely by batteries in the United States until next year.</p><p><blockquote>拜登的声明对特斯拉来说是个好消息，该公司占美国销售的电池驱动汽车的三分之二以上，但对全球最大的汽车制造商丰田汽车来说可能是个坏消息，该公司将不会开始销售电动汽车直到明年才在美国仅由电池驱动。</blockquote></p><p> In between areGeneral Motors,Ford MotorandVolkswagen, which have begun selling tens of thousands of electric cars but depend on vehicles with internal combustion engines for most of their revenue and profit.</p><p><blockquote>介于两者之间的是通用汽车、福特汽车和大众汽车，它们已经开始销售数万辆电动汽车，但大部分收入和利润都依赖于内燃机汽车。</blockquote></p><p> It is by no means certain that the familiar car brands will be dividing the expanding market for electric vehicles among themselves. The shift to battery power is an opportunity for Chinese carmakers to expand into new markets, which they are doing with strong support from their government.NIO, for example, has announced plans to open a dealership in Oslo in September as a first step into the European market.</p><p><blockquote>人们熟悉的汽车品牌是否会瓜分不断扩大的电动汽车市场，这一点也不确定。向电池动力的转变是中国汽车制造商拓展新市场的机会，他们正在政府的大力支持下这样做。例如，蔚来汽车宣布计划于9月份在奥斯陆开设一家经销店，作为进军欧洲市场的第一步市场。</blockquote></p><p> The president’s declaration could also help start-ups like Rivian and Lucid Motors, both based in the United States, that are expected to deliver their first vehicles this year.</p><p><blockquote>总统的声明还可以帮助Rivian和Lucid Motors等总部位于美国的初创企业，预计这些企业将于今年交付第一批汽车。</blockquote></p><p> Mr. Biden framed his push in part as a geopolitical competition in an emerging technology. The initiative is part of an effort “to drive the electric vehicle future forward, outcompete China and tackle the climate crisis,” according toa White House fact sheet.</p><p><blockquote>拜登将他的推动部分视为新兴技术领域的地缘政治竞争。白宫情况说明书称，该举措是“推动电动汽车未来发展、击败中国并应对气候危机”努力的一部分。</blockquote></p><p> Europe is also far ahead of the United States in E.V. sales. The European Commission, the administrative arm of the European Union, has effectively compelled the auto industry to sell electric cars by imposing stiff fines on companies that exceed limits on carbon dioxide emissions.</p><p><blockquote>欧洲在电动汽车方面也远远领先于美国。销售。欧盟的行政机构欧盟委员会通过对超过二氧化碳排放限制的公司处以高额罚款，有效地迫使汽车行业销售电动汽车。</blockquote></p><p> Governments in Germany and other European countries are also offering generous cash incentives for electric car purchases. And an increasing number of consumers like the smooth, quick acceleration of electric vehicles, the savings on fuel and maintenance, and the satisfaction of not producing any tailpipe emissions.</p><p><blockquote>德国和其他欧洲国家的政府也为购买电动汽车提供了慷慨的现金激励。越来越多的消费者喜欢电动汽车平稳、快速的加速、节省燃料和维护以及不产生任何尾气排放的满足感。</blockquote></p><p> In the first six months of the year, 17 percent of the new cars sold in Europe were battery-powered vehicles or plug-in hybrids, according to Schmidt Automotive Research, which tracks E.V. sales in Europe. In the United States, fewer than 4 percent of new cars were pure-electric vehicles or plug-in hybrids, according to June sales figures compiled by Argonne National Laboratory.</p><p><blockquote>根据跟踪电动汽车的施密特汽车研究公司的数据，今年前六个月，欧洲销售的新车中有17%是电池驱动汽车或插电式混合动力汽车。在欧洲的销售。根据阿贡国家实验室编制的6月份销售数据，在美国，只有不到4%的新车是纯电动汽车或插电式混合动力车。</blockquote></p><p> The European Commission continues to turn up the pressure, announcing plans to effectivelyban sales of cars with internal combustion enginesin 2035.</p><p><blockquote>欧盟委员会继续加大压力，宣布计划在2035年有效禁止销售内燃机汽车。</blockquote></p><p> By comparison, the Biden administration’s goals are modest, which has earned it criticism from some environmentalists. Plug-in hybrids, which have internal combustion engines in addition to batteries, would count as electric vehicles, giving Toyota some breathing room because of its leadership in that technology. And in 2030 half of the vehicles sold in the United States would still be powered by gasoline or diesel. Because cars typically stay on the road for more than a decade, that means the country will probably not be rid of internal combustion vehicles or gas stations for many years.</p><p><blockquote>相比之下，拜登政府的目标是温和的，这为其赢得了一些环保人士的批评。插电式混合动力车除了电池外还配备内燃机，将被视为电动汽车，这给了丰田一些喘息的空间，因为它在该技术上处于领先地位。到2030年，美国销售的一半汽车仍将由汽油或柴油驱动。因为汽车通常会在路上行驶十多年，这意味着该国可能在很多年内都不会摆脱内燃机汽车或加油站。</blockquote></p><p> The White House’s caution may reflect recognition of the scale of the industrial transformation that lies ahead. The president’s plan also calls for construction of a nationwide network of charging stations and money to help companies retool factories to produce electric cars and components. One major risk is economic dislocation and job losses if the businesses that make parts for gasoline vehicles can’t adapt.</p><p><blockquote>白宫的谨慎可能反映了对未来工业转型规模的认识。总统的计划还评级建设全国充电站网络，并提供资金帮助企业重组工厂以生产电动汽车和零部件。如果为汽油车制造零部件的企业无法适应，一个主要风险是经济混乱和失业。</blockquote></p><p> America also lacks enough battery factories. The European Commission is providing financial support to build battery factories in the European Union to reduce its reliance on Asia, where most batteries are currently produced.</p><p><blockquote>美国也缺乏足够的电池工厂。欧盟委员会正在提供资金支持，在欧盟建设电池工厂，以减少对亚洲的依赖，目前大多数电池都是在亚洲生产的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nytimes.com/2021/08/06/business/biden-electric-vehicles-automakers.html\">The New York Times</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":{"TM":"丰田汽车","TSLA":"特斯拉"},"source_url":"https://www.nytimes.com/2021/08/06/business/biden-electric-vehicles-automakers.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185532559","content_text":"A push to increase sales of electric vehicles favors companies that already have all-electric cars on the market and could penalize those that don’t.\n\nThe Biden administration’s vow on Thursday to push sales ofelectric vehiclesto50 percent of new car purchases by 2030means that there’s no place left to hide for any carmaker resisting the shift to battery power.\nEuropeandChinawere already heavily promoting electric vehicles using regulations, incentives for consumers, and subsidies for carmakers and battery producers. President Biden’s commitment to follow a similar strategy means that the world’s three largest car markets are moving away from internal combustion at a faster pace than anyone predicted a few years ago.\n“This is the last major piece in the jigsaw,” said Peter Wells, director of the Center for Automotive Industry Research at Cardiff Business School in Wales. “This does put pressure on some of the more laggardly companies.”\nMr. Biden’s announcement is good news for Tesla, which accounts for more than two-thirds of the battery-powered cars sold in the United States, and potentially bad news forToyota Motor, the world’s largest automaker, which will not begin selling a car powered solely by batteries in the United States until next year.\nIn between areGeneral Motors,Ford MotorandVolkswagen, which have begun selling tens of thousands of electric cars but depend on vehicles with internal combustion engines for most of their revenue and profit.\nIt is by no means certain that the familiar car brands will be dividing the expanding market for electric vehicles among themselves. The shift to battery power is an opportunity for Chinese carmakers to expand into new markets, which they are doing with strong support from their government.NIO, for example, has announced plans to open a dealership in Oslo in September as a first step into the European market.\nThe president’s declaration could also help start-ups like Rivian and Lucid Motors, both based in the United States, that are expected to deliver their first vehicles this year.\nMr. Biden framed his push in part as a geopolitical competition in an emerging technology. The initiative is part of an effort “to drive the electric vehicle future forward, outcompete China and tackle the climate crisis,” according toa White House fact sheet.\nEurope is also far ahead of the United States in E.V. sales. The European Commission, the administrative arm of the European Union, has effectively compelled the auto industry to sell electric cars by imposing stiff fines on companies that exceed limits on carbon dioxide emissions.\nGovernments in Germany and other European countries are also offering generous cash incentives for electric car purchases. And an increasing number of consumers like the smooth, quick acceleration of electric vehicles, the savings on fuel and maintenance, and the satisfaction of not producing any tailpipe emissions.\nIn the first six months of the year, 17 percent of the new cars sold in Europe were battery-powered vehicles or plug-in hybrids, according to Schmidt Automotive Research, which tracks E.V. sales in Europe. In the United States, fewer than 4 percent of new cars were pure-electric vehicles or plug-in hybrids, according to June sales figures compiled by Argonne National Laboratory.\nThe European Commission continues to turn up the pressure, announcing plans to effectivelyban sales of cars with internal combustion enginesin 2035.\nBy comparison, the Biden administration’s goals are modest, which has earned it criticism from some environmentalists. Plug-in hybrids, which have internal combustion engines in addition to batteries, would count as electric vehicles, giving Toyota some breathing room because of its leadership in that technology. And in 2030 half of the vehicles sold in the United States would still be powered by gasoline or diesel. Because cars typically stay on the road for more than a decade, that means the country will probably not be rid of internal combustion vehicles or gas stations for many years.\nThe White House’s caution may reflect recognition of the scale of the industrial transformation that lies ahead. The president’s plan also calls for construction of a nationwide network of charging stations and money to help companies retool factories to produce electric cars and components. One major risk is economic dislocation and job losses if the businesses that make parts for gasoline vehicles can’t adapt.\nAmerica also lacks enough battery factories. The European Commission is providing financial support to build battery factories in the European Union to reduce its reliance on Asia, where most batteries are currently produced.","news_type":1,"symbols_score_info":{"TM":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":707,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893921125,"gmtCreate":1628231032767,"gmtModify":1633752381327,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893921125","repostId":"1100451585","repostType":4,"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893024084,"gmtCreate":1628222908348,"gmtModify":1633752443188,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893024084","repostId":"1140480091","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893025685,"gmtCreate":1628222856247,"gmtModify":1633752443659,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089027015441930","idStr":"4089027015441930"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893025685","repostId":"1199377263","repostType":4,"repost":{"id":"1199377263","kind":"news","pubTimestamp":1628222564,"share":"https://www.laohu8.com/m/news/1199377263?lang=zh_CN&edition=full","pubTime":"2021-08-06 12:02","market":"us","language":"en","title":"The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199377263","media":"MarketWatch","summary":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered ","content":"<p>The S&amp;P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p><p><blockquote>标普500指数继续加速上行。周二创下历史收盘新高。然而，市场的“内部”仍然处于更糟糕的状态。这种情况已经持续了一段时间（至少自6月11日以来），而且这种情况可能会持续一段时间。</blockquote></p><p> But as long as the S&amp;P&nbsp;chart is positive and above support, a “core” long position is recommended.</p><p><blockquote>但只要标普图表为正且高于支撑位，建议建立“核心”多头头寸。</blockquote></p><p> The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p><p><blockquote>第一支撑位现在大致在4370。这是SPX抛售然后反弹的最近两天的低点——7月27日和周二（是的，同一天SPX从该水平反弹，然后收于历史新高）。由于它已经过双重测试，这使它成为一个可行的支撑位。盘中历史高点4430有阻力。</blockquote></p><p> You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p><p><blockquote>你可以从附图中看到，自7月23日以来，SPX一直处于相当正确的交易状态——在4370到4430之间。</blockquote></p><p> A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p><p><blockquote>突破该范围将具有重要意义。如果它向下突破，这将对SPX图表不利。在此下方，主要支撑区域位于4233点，跌破4370点后可能会很快受到测试。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p><p><blockquote>因此，SPX图表仍然是积极的，但有一个麦克米兰波动带（MVB）卖出信号（图表上的绿色“S”）。</blockquote></p><p> Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p><p><blockquote>现在让我们看看一些包含大量股票的指标。你会发现他们远没有那么积极。首先是仅股票的看跌看涨期权比率。这些价格已经上涨了一个月，这意味着在此期间它们一直在发出卖出信号。相对于看涨期权交易量，看跌交易量一直很大，这就是导致这些比率上升的原因。看起来标准比率的图表中有轻微的“波动”，但计算机分析程序说这并不显著。</blockquote></p><p> The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p><p><blockquote>这里更大的情况是，随着许多股票下跌，期权交易者一直在购买这些股票的看跌期权，迫使这些仅股票的看跌期权与看涨期权比率走高。只要比率上升，它们就会保持卖出信号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p><p><blockquote>自6月中旬以来，市场广度（上涨减去下跌）一直很糟糕。也就是说，大多数股票都在下跌，尽管SPX在上涨。事实上，推动这个市场的是少数大盘股纳斯达克股票（FAANG股票加上微软是最强的股票）。</blockquote></p><p> Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p><p><blockquote>过去几周情况有所改善，因此我们的宽度振荡器发出买入信号，但仍处于负值区域。通常情况下，当SPX创下历史新高时，宽度振荡指标将进入正值区域，反映出整体市场强劲。但现在情况并非如此。</blockquote></p><p> Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p><p><blockquote>此外，自6月11日以来，累计广度（每日涨幅减去跌幅）尚未创下历史新高。此后，SPX已连续19个交易日创下收盘或盘中新高。这是一个巨大的负面市场背离，但它本身并不是卖出信号。相反，这是一个强烈的警告，要保持警惕——避免自满。</blockquote></p><p> New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p><p><blockquote>纽交所52周新高继续领涨52周新低。最近，有一些孤立的日子，使用纳斯达克或“仅股票”数据，新低超过新高，但使用纽约证券交易所数据时则不然。这意味着该指标仍然看涨股市。如果纽交所新低超过新高且足够大，则会转为负值，但这种情况并未发生。</blockquote></p><p> There is a realized volatility sell signal in place, as well. That occurred when the S&amp;P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p><p><blockquote>还有一个已实现的波动性卖出信号。这发生在标准普尔20天历史波动率首先跌破8%（6月中旬），然后升至11%以上（7月下旬）。</blockquote></p><p> Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p><p><blockquote>另一方面，就股市而言，隐含波动率仍处于看涨状态。7月20日的VIX“峰值”买入信号仍然存在。而且，VIX 200日均线仍在下降，远高于VIX的价格。上个月，VIX指数从15点缓慢“攀升”至19点，但这似乎并不是趋势的重大变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p></p><p> Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p><p><blockquote>最后，波动性衍生品的结构对股市仍然有利。VIX期货的交易价格高于VIX，这些VIX期货和CBOE波动率指数的期限结构向上倾斜。</blockquote></p><p> The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p><p><blockquote>SPX图表仍然是积极的。这是最重要的事实。在这种情况发生变化之前，建议持有多头“核心”头寸。围绕这一点，人们可以交易确认的信号——买入和卖出。SPX突破4370区域将改变负面影响，但突破4430以上的历史新高将强化看涨理由。</blockquote></p><p> <b>New recommendation: Conditional SPX sell signal</b></p><p><blockquote><b>新建议：有条件SPX卖出信号</b></blockquote></p><p> Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p><p><blockquote>根据上述文章，我们将列出一些有关在SPX支撑位被突破时采取看跌头寸的参数：</blockquote></p><p> <b>IF SPX trades below 4370 and stays there for an hour,</b></p><p><blockquote><b>如果SPX低于4370并在那里停留一小时，</b></blockquote></p><p> <b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>然后买入1 SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以下跌25点的价格卖出1 SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> In addition,</p><p><blockquote>此外，</blockquote></p><p> <b>IF SPX closes below 4370,</b></p><p><blockquote><b>如果SPX收盘低于4370，</b></blockquote></p><p> <b>THEN buy another bear spread:</b></p><p><blockquote><b>然后再买一个熊市价差：</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy 1 (more) SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>购买1（更多）SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以较低25点的价格卖出1（更多）SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p><p><blockquote>请注意，在没有满足第一个条件的情况下，第二个条件（收盘低于4370）可能会发生（如果SPX在交易日晚些时候跌破4370）。如果是这样的话，那么在收盘时买入2个这样的价差。</blockquote></p><p> Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p><p><blockquote>最后，如果这些价差成立，请在SPX收盘价高于4430时停止所有这些熊市价差。</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>The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</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\">\nThe S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</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 12:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p><p><blockquote>标普500指数继续加速上行。周二创下历史收盘新高。然而，市场的“内部”仍然处于更糟糕的状态。这种情况已经持续了一段时间（至少自6月11日以来），而且这种情况可能会持续一段时间。</blockquote></p><p> But as long as the S&amp;P&nbsp;chart is positive and above support, a “core” long position is recommended.</p><p><blockquote>但只要标普图表为正且高于支撑位，建议建立“核心”多头头寸。</blockquote></p><p> The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p><p><blockquote>第一支撑位现在大致在4370。这是SPX抛售然后反弹的最近两天的低点——7月27日和周二（是的，同一天SPX从该水平反弹，然后收于历史新高）。由于它已经过双重测试，这使它成为一个可行的支撑位。盘中历史高点4430有阻力。</blockquote></p><p> You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p><p><blockquote>你可以从附图中看到，自7月23日以来，SPX一直处于相当正确的交易状态——在4370到4430之间。</blockquote></p><p> A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p><p><blockquote>突破该范围将具有重要意义。如果它向下突破，这将对SPX图表不利。在此下方，主要支撑区域位于4233点，跌破4370点后可能会很快受到测试。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p><p><blockquote>因此，SPX图表仍然是积极的，但有一个麦克米兰波动带（MVB）卖出信号（图表上的绿色“S”）。</blockquote></p><p> Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p><p><blockquote>现在让我们看看一些包含大量股票的指标。你会发现他们远没有那么积极。首先是仅股票的看跌看涨期权比率。这些价格已经上涨了一个月，这意味着在此期间它们一直在发出卖出信号。相对于看涨期权交易量，看跌交易量一直很大，这就是导致这些比率上升的原因。看起来标准比率的图表中有轻微的“波动”，但计算机分析程序说这并不显著。</blockquote></p><p> The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p><p><blockquote>这里更大的情况是，随着许多股票下跌，期权交易者一直在购买这些股票的看跌期权，迫使这些仅股票的看跌期权与看涨期权比率走高。只要比率上升，它们就会保持卖出信号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p><p><blockquote>自6月中旬以来，市场广度（上涨减去下跌）一直很糟糕。也就是说，大多数股票都在下跌，尽管SPX在上涨。事实上，推动这个市场的是少数大盘股纳斯达克股票（FAANG股票加上微软是最强的股票）。</blockquote></p><p> Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p><p><blockquote>过去几周情况有所改善，因此我们的宽度振荡器发出买入信号，但仍处于负值区域。通常情况下，当SPX创下历史新高时，宽度振荡指标将进入正值区域，反映出整体市场强劲。但现在情况并非如此。</blockquote></p><p> Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p><p><blockquote>此外，自6月11日以来，累计广度（每日涨幅减去跌幅）尚未创下历史新高。此后，SPX已连续19个交易日创下收盘或盘中新高。这是一个巨大的负面市场背离，但它本身并不是卖出信号。相反，这是一个强烈的警告，要保持警惕——避免自满。</blockquote></p><p> New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p><p><blockquote>纽交所52周新高继续领涨52周新低。最近，有一些孤立的日子，使用纳斯达克或“仅股票”数据，新低超过新高，但使用纽约证券交易所数据时则不然。这意味着该指标仍然看涨股市。如果纽交所新低超过新高且足够大，则会转为负值，但这种情况并未发生。</blockquote></p><p> There is a realized volatility sell signal in place, as well. That occurred when the S&amp;P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p><p><blockquote>还有一个已实现的波动性卖出信号。这发生在标准普尔20天历史波动率首先跌破8%（6月中旬），然后升至11%以上（7月下旬）。</blockquote></p><p> Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p><p><blockquote>另一方面，就股市而言，隐含波动率仍处于看涨状态。7月20日的VIX“峰值”买入信号仍然存在。而且，VIX 200日均线仍在下降，远高于VIX的价格。上个月，VIX指数从15点缓慢“攀升”至19点，但这似乎并不是趋势的重大变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p></p><p> Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p><p><blockquote>最后，波动性衍生品的结构对股市仍然有利。VIX期货的交易价格高于VIX，这些VIX期货和CBOE波动率指数的期限结构向上倾斜。</blockquote></p><p> The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p><p><blockquote>SPX图表仍然是积极的。这是最重要的事实。在这种情况发生变化之前，建议持有多头“核心”头寸。围绕这一点，人们可以交易确认的信号——买入和卖出。SPX突破4370区域将改变负面影响，但突破4430以上的历史新高将强化看涨理由。</blockquote></p><p> <b>New recommendation: Conditional SPX sell signal</b></p><p><blockquote><b>新建议：有条件SPX卖出信号</b></blockquote></p><p> Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p><p><blockquote>根据上述文章，我们将列出一些有关在SPX支撑位被突破时采取看跌头寸的参数：</blockquote></p><p> <b>IF SPX trades below 4370 and stays there for an hour,</b></p><p><blockquote><b>如果SPX低于4370并在那里停留一小时，</b></blockquote></p><p> <b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>然后买入1 SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以下跌25点的价格卖出1 SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> In addition,</p><p><blockquote>此外，</blockquote></p><p> <b>IF SPX closes below 4370,</b></p><p><blockquote><b>如果SPX收盘低于4370，</b></blockquote></p><p> <b>THEN buy another bear spread:</b></p><p><blockquote><b>然后再买一个熊市价差：</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy 1 (more) SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>购买1（更多）SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以较低25点的价格卖出1（更多）SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p><p><blockquote>请注意，在没有满足第一个条件的情况下，第二个条件（收盘低于4370）可能会发生（如果SPX在交易日晚些时候跌破4370）。如果是这样的话，那么在收盘时买入2个这样的价差。</blockquote></p><p> Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p><p><blockquote>最后，如果这些价差成立，请在SPX收盘价高于4430时停止所有这些熊市价差。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199377263","content_text":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.\nBut as long as the S&P chart is positive and above support, a “core” long position is recommended.\nThe first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.\nYou can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.\nA breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.\nLAWRENCE MCMILLAN\nSo the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).\nNow let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.\nThe larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.\nLAWRENCE MCMILLAN\nLAWRENCE MCMILLAN\nMarket breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).\nThings have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.\nMoreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.\nNew 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.\nThere is a realized volatility sell signal in place, as well. That occurred when the S&P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).\nImplied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.\nLAWRENCE MCMILLAN\nFinally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.\nThe SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.\nNew recommendation: Conditional SPX sell signal\nBased on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:\nIF SPX trades below 4370 and stays there for an hour,\nTHEN buy 1 SPY Aug (27th) at-the-money put\n            And sell 1 SPY Aug (27th) put with a striking price 25 points lower.\nIn addition,\nIF SPX closes below 4370,\nTHEN buy another bear spread:\n            Buy 1 (more) SPY Aug (27th) at-the-money put\n            And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.\nNote that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.\nFinally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":894139672,"gmtCreate":1628810603596,"gmtModify":1633689379747,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/894139672","repostId":"1180393666","repostType":4,"isVote":1,"tweetType":1,"viewCount":1687,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895368945,"gmtCreate":1628725027787,"gmtModify":1633744890515,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Well done","listText":"Well done","text":"Well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/895368945","repostId":"1131454237","repostType":4,"repost":{"id":"1131454237","kind":"news","pubTimestamp":1628724818,"share":"https://www.laohu8.com/m/news/1131454237?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:33","market":"us","language":"en","title":"J.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131454237","media":"Seeking Alpha","summary":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidenc","content":"<p><ul>  <li>Recent results from the transportation and logistics stocks are giving <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.</li>  <li>The stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.</li>  <li>But groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"</li>  <li>J.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded&nbsp;<a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> amid some greater parcel pricing power and a new $5 billion buyback.</li>  <li>As for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.</li>  <li>UPS and <a href=\"https://laohu8.com/S/FDX\">FedEx</a> earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while&nbsp;<a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> - and its spin-off, <a href=\"https://laohu8.com/S/GXO\">GXO Logistics Inc</a> - have \"the highest amount of increment interest by a wide margin.\"</li>  <li>As for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.</li>  <li>Overall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .</li>  <li>Turning to mid-cycle stocks, there's the greatest potential downside for <a href=\"https://laohu8.com/S/JBHT\">JB Hunt Transport</a>&nbsp;and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"</li>  <li>In larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).</li>  <li>Overall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and <a href=\"https://laohu8.com/S/TFII\">TFI International Inc</a>.</li>  <li>And it would stay clear of truckloads (it's Underweight on <a href=\"https://laohu8.com/S/KNX\">Knight Transportation</a>), <a href=\"https://laohu8.com/S/SNDR\">Schneider National Inc.</a>&nbsp;and <a href=\"https://laohu8.com/S/WERN\">Werner Enterprises</a>).</li> </ul></p><p><blockquote><ul><li>运输和物流股最近的业绩给出<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>对下半年更有信心，因为财报后的表现标志着过去几个月的好转。</li><li>该公司表示，由于担心周期见顶以及与利用创纪录运费的不确定联系，自5月份以来，该股一直落后于市场和工业板块。</li><li>但该公司表示，随着“通胀加定价成为更有价值的属性”，铁路公司等集团已经“找到了立足点”。</li><li>摩根大通在五月中旬对一些股票进行了升级审查，此后又进行了升级<a href=\"https://laohu8.com/S/UPS\">联合包裹服务公司</a>在更大的包裹定价权和新的50亿美元回购中。</li><li>至于对该行业的情绪，该公司预计，随着市场寻求上述接近创纪录的货运杠杆，该行业将保持涨跌互现：“在最近的2H21增长恐慌之后，一些投资者仍然观望，更愿意避开潜在的估值下调。周期担忧达到顶峰，”报告称。</li><li>UPS和<a href=\"https://laohu8.com/S/FDX\">联邦快递</a>盈利令人失望，这降低了人们对包裹公司的信心。铁路仍然是受青睐的通胀交易，而<a href=\"https://laohu8.com/S/XPO\">XPO物流</a>-及其分拆，<a href=\"https://laohu8.com/S/GXO\">GXO物流公司</a>-拥有“大幅增加的利息金额最高”。</li><li>至于铁路，在预期的下半年复苏之前，从第一季度到第二季度的运量下降是一个关键问题，但摩根大通并不担心，因为它表示多式联运占季度下降的55%，港口拥堵加剧——以及其他大宗商品环比下降并不令人意外。</li><li>总体而言，该公司表示，自5月中旬将rails列入“逢低买入”名单以来，该公司一直在升温。那里，是Norfolk Southern(NSC)$上的跑赢大盘。</li><li>转向中期周期股票，潜在下行空间最大<a href=\"https://laohu8.com/S/JBHT\">JB亨特运输公司</a>还有C.H。摩根大通表示，Robinson Worldwide（纳斯达克股票代码：CHRW），因为当现货卡车装载势头下降时，他们通常会下调评级。J.B.亨特的溢价远高于历史溢价，而“持有CHRW的最佳时机可能已经过去”。</li><li>在更大的行业主题中，该公司表示，高频数据并不表明未来消费放缓；劳动力短缺对每家公司的打击并不相同（除了卡车司机之外，货运技术公司处于最不利的地位）；公司不太可能迅速降低盈利的周期性；汽车装载率周期出现明显减速迹象；新的基础设施法案仍然不是货运的“推动力”（活动分散在几年内，并涉及骨料等评级较低的商品）。</li><li>总体而言，在该行业，其首选是联邦快递(FDX)、诺福克南方航空(NSC)和<a href=\"https://laohu8.com/S/TFII\">TFI国际公司</a>.</li><li>它会远离卡车的货物（这是跑输大盘<a href=\"https://laohu8.com/S/KNX\">骑士运输</a>),<a href=\"https://laohu8.com/S/SNDR\">施耐德国家公司。</a>和<a href=\"https://laohu8.com/S/WERN\">沃纳企业</a>).</li></ul></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>J.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</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\">\nJ.P. Morgan bucks second-half worries with transport picks<blockquote>摩根大通通过交通选择缓解下半年担忧</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-08-12 07:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Recent results from the transportation and logistics stocks are giving <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.</li>  <li>The stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.</li>  <li>But groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"</li>  <li>J.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded&nbsp;<a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> amid some greater parcel pricing power and a new $5 billion buyback.</li>  <li>As for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.</li>  <li>UPS and <a href=\"https://laohu8.com/S/FDX\">FedEx</a> earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while&nbsp;<a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> - and its spin-off, <a href=\"https://laohu8.com/S/GXO\">GXO Logistics Inc</a> - have \"the highest amount of increment interest by a wide margin.\"</li>  <li>As for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.</li>  <li>Overall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .</li>  <li>Turning to mid-cycle stocks, there's the greatest potential downside for <a href=\"https://laohu8.com/S/JBHT\">JB Hunt Transport</a>&nbsp;and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"</li>  <li>In larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).</li>  <li>Overall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and <a href=\"https://laohu8.com/S/TFII\">TFI International Inc</a>.</li>  <li>And it would stay clear of truckloads (it's Underweight on <a href=\"https://laohu8.com/S/KNX\">Knight Transportation</a>), <a href=\"https://laohu8.com/S/SNDR\">Schneider National Inc.</a>&nbsp;and <a href=\"https://laohu8.com/S/WERN\">Werner Enterprises</a>).</li> </ul></p><p><blockquote><ul><li>运输和物流股最近的业绩给出<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>对下半年更有信心，因为财报后的表现标志着过去几个月的好转。</li><li>该公司表示，由于担心周期见顶以及与利用创纪录运费的不确定联系，自5月份以来，该股一直落后于市场和工业板块。</li><li>但该公司表示，随着“通胀加定价成为更有价值的属性”，铁路公司等集团已经“找到了立足点”。</li><li>摩根大通在五月中旬对一些股票进行了升级审查，此后又进行了升级<a href=\"https://laohu8.com/S/UPS\">联合包裹服务公司</a>在更大的包裹定价权和新的50亿美元回购中。</li><li>至于对该行业的情绪，该公司预计，随着市场寻求上述接近创纪录的货运杠杆，该行业将保持涨跌互现：“在最近的2H21增长恐慌之后，一些投资者仍然观望，更愿意避开潜在的估值下调。周期担忧达到顶峰，”报告称。</li><li>UPS和<a href=\"https://laohu8.com/S/FDX\">联邦快递</a>盈利令人失望，这降低了人们对包裹公司的信心。铁路仍然是受青睐的通胀交易，而<a href=\"https://laohu8.com/S/XPO\">XPO物流</a>-及其分拆，<a href=\"https://laohu8.com/S/GXO\">GXO物流公司</a>-拥有“大幅增加的利息金额最高”。</li><li>至于铁路，在预期的下半年复苏之前，从第一季度到第二季度的运量下降是一个关键问题，但摩根大通并不担心，因为它表示多式联运占季度下降的55%，港口拥堵加剧——以及其他大宗商品环比下降并不令人意外。</li><li>总体而言，该公司表示，自5月中旬将rails列入“逢低买入”名单以来，该公司一直在升温。那里，是Norfolk Southern(NSC)$上的跑赢大盘。</li><li>转向中期周期股票，潜在下行空间最大<a href=\"https://laohu8.com/S/JBHT\">JB亨特运输公司</a>还有C.H。摩根大通表示，Robinson Worldwide（纳斯达克股票代码：CHRW），因为当现货卡车装载势头下降时，他们通常会下调评级。J.B.亨特的溢价远高于历史溢价，而“持有CHRW的最佳时机可能已经过去”。</li><li>在更大的行业主题中，该公司表示，高频数据并不表明未来消费放缓；劳动力短缺对每家公司的打击并不相同（除了卡车司机之外，货运技术公司处于最不利的地位）；公司不太可能迅速降低盈利的周期性；汽车装载率周期出现明显减速迹象；新的基础设施法案仍然不是货运的“推动力”（活动分散在几年内，并涉及骨料等评级较低的商品）。</li><li>总体而言，在该行业，其首选是联邦快递(FDX)、诺福克南方航空(NSC)和<a href=\"https://laohu8.com/S/TFII\">TFI国际公司</a>.</li><li>它会远离卡车的货物（这是跑输大盘<a href=\"https://laohu8.com/S/KNX\">骑士运输</a>),<a href=\"https://laohu8.com/S/SNDR\">施耐德国家公司。</a>和<a href=\"https://laohu8.com/S/WERN\">沃纳企业</a>).</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks\">Seeking Alpha</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":{"XPO":"XPO Logistics","KNX":"Knight Transportation Inc","GXO":"GXO Logistics Inc","JBHT":"JB Hunt运输服务","UPS":"联合包裹","TFII":"TFI International Inc","FDX":"联邦快递","SNDR":"Schneider National Inc.","WERN":"沃纳企业公司","NSC":"诺福克南方"},"source_url":"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131454237","content_text":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.\nThe stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.\nBut groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"\nJ.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded United Parcel Service Inc amid some greater parcel pricing power and a new $5 billion buyback.\nAs for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.\nUPS and FedEx earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while XPO Logistics - and its spin-off, GXO Logistics Inc - have \"the highest amount of increment interest by a wide margin.\"\nAs for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.\nOverall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .\nTurning to mid-cycle stocks, there's the greatest potential downside for JB Hunt Transport and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"\nIn larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).\nOverall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and TFI International Inc.\nAnd it would stay clear of truckloads (it's Underweight on Knight Transportation), Schneider National Inc. and Werner Enterprises).","news_type":1,"symbols_score_info":{"KNX":0.9,"GXO":0.9,"SNDR":0.9,"JBHT":0.9,"NSC":0.9,"UPS":0.9,"TFII":0.9,"FDX":0.9,"WERN":0.9,"XPO":0.9}},"isVote":1,"tweetType":1,"viewCount":1749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899176899,"gmtCreate":1628171576112,"gmtModify":1633752961626,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/899176899","repostId":"1102705333","repostType":4,"repost":{"id":"1102705333","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":1628170059,"share":"https://www.laohu8.com/m/news/1102705333?lang=zh_CN&edition=full","pubTime":"2021-08-05 21:27","market":"us","language":"en","title":"Stocks open slightly higher after fall in jobless claims<blockquote>初请失业金人数下降后股市小幅高开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102705333","media":"Tiger Newspress","summary":"(Aug 5) Stocks open slightly higher after fall in jobless claims.\nDow industrials up 94 points, or 0","content":"<p>(Aug 5)&nbsp;Stocks open slightly higher after fall in jobless claims.</p><p><blockquote>（8月5日）初请失业金人数下降后，股市小幅高开。</blockquote></p><p> Dow industrials up 94 points, or 0.3%.&nbsp;S&amp;P 500 up 0.3% at 4,414.12.&nbsp;Nasdaq Composite up less than 0.1% at 14,784.61.&nbsp;</p><p><blockquote>道指上涨94点，涨幅0.3%。标准普尔500指数上涨0.3%，至4414.12点。纳斯达克综合指数上涨不到0.1%，至14784.61点。</blockquote></p><p> Fastly plunges over&nbsp;23% in morning trading&nbsp;after the company's downside Q3 and full-year guidance due to the widespread outage in June.</p><p><blockquote>由于6月份大范围停电，该公司第三季度和全年指引出现下行，Fastly在早盘交易中暴跌超过23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/44fbcf9492918a352919cdff1fd27498\" tg-width=\"727\" tg-height=\"497\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The moves in the stocks came after a mostly lower regular session on Wednesday. The Dow dropped more than 300 points, or 0.9%, and closed near its session low. The S&amp;P 500 slipped about 0.5%, while the Nasdaq Composite ticked up 0.1%.</p><p><blockquote>周三常规交易时段大多走低后，股市出现走势。道指跌逾300点，跌幅0.9%，收于盘中低点附近。标普500下跌约0.5%，而纳斯达克综合指数上涨0.1%。</blockquote></p><p> Weekly initial jobless claims came in at385,000 on Thursday,in-line with expectations. Recent earnings and economic data have been strong overall, but some economists worry economic growth and employment gains will taper from here.</p><p><blockquote>周四每周首次申请失业救济人数为385,000人，符合预期。最近的盈利和经济数据总体强劲，但一些经济学家担心经济增长和就业增长将从现在开始逐渐减弱。</blockquote></p><p> The jobless claims data was the last reading before the key July jobs report, which will be released on Friday morning. There is a wide range of estimates from economists and what the report will show, and some metrics for employment gains have disappointed despite a high level of reported job openings.</p><p><blockquote>初请失业金数据是关键的7月份就业报告之前的最后一次读数，该报告将于周五上午发布。经济学家的估计和报告将显示的内容多种多样，尽管报告的职位空缺水平很高，但一些就业增长指标令人失望。</blockquote></p><p> \"Many factors are likely driving worker shortages; concerns about catching the virus, childcare responsibilities, skills mismatches, and generous unemployment insurance benefits,\" PNC Senior Economist Abbey Omodunbi said in an email. In the second half of the year, \"more competition for workers, particularly in the leisure and hospitality sector, will support acceleration in wage growth, boosting household incomes and consumer spending.\"</p><p><blockquote>PNC高级经济学家Abbey Omodunbi在一封电子邮件中表示：“许多因素可能导致工人短缺；对感染病毒的担忧、育儿责任、技能不匹配以及慷慨的失业保险福利。”今年下半年，“对工人的更多竞争，特别是在休闲和酒店行业，将支持工资增长加速，增加家庭收入和消费者支出。”</blockquote></p><p> The results of an ADP private payroll survey released Wednesday showed again of 330,000 jobs for July,well short of the consensus estimate of 653,000. The Labor Department's official jobs report, which typically has more impact on investors, will be released on Friday. Economists expect the report will show the U.S. added 845,000 in non-farm payrolls in July, about even with the previous month, according to Dow Jones estimates.</p><p><blockquote>周三公布的ADP私人就业调查结果再次显示，7月份就业岗位为330,000个，远低于普遍预期的653,000个。通常对投资者影响更大的劳工部官方就业报告将于周五发布。经济学家预计，根据道琼斯的估计，该报告将显示美国7月份非农就业人数增加84.5万人，与上月大致持平。</blockquote></p><p> The10-year Treasury yieldwas holding steady near 1.8% on Thursday. The yield briefly dipping below 1.13% on Wednesday before bouncing back in late morning trading.</p><p><blockquote>周四，10年期国债收益率稳定在1.8%附近。周三，收益率短暂跌破1.13%，随后在早盘交易中反弹。</blockquote></p><p> Shares ofRokudropped 6% after the company issued quarterly results.Etsyfell 12% in early trading after the company gave guidance for the current quarter that indicated the pandemic-fueled commerce boommay be coming to an end.</p><p><blockquote>ROKU发布季度业绩后，该公司股价下跌6%。Etsy在早盘交易中下跌12%，此前该公司给出了本季度指引，表明大流行推动的商业繁荣可能即将结束。</blockquote></p><p> However, earnings season has been strong overall. Goldman Sachs raised its year-end target for the S&amp;P 500 to 4,700, representing 7% upside, in part due to an improving earnings outlook going.</p><p><blockquote>然而，财报季总体强劲。高盛将标普500的年终目标上调至4,700点，上涨7%，部分原因是盈利前景改善。</blockquote></p><p> During regular trading Wednesday, shares of Robinhoodsurged 50%, continuing a volatile jump after last week's soft initial public offering. Semiconductor stocks were another bright spot, withNvidiaandAdvanced Micro Devicesrising.</p><p><blockquote>在周三的常规交易中，Robinhood的股价飙升了50%，继上周首次公开募股疲软后继续震荡上涨。半导体股是另一个亮点，英伟达和先进微设备上涨。</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>Stocks open slightly higher after fall in jobless claims<blockquote>初请失业金人数下降后股市小幅高开</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\">\nStocks open slightly higher after fall in jobless claims<blockquote>初请失业金人数下降后股市小幅高开</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\">2021-08-05 21:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 5)&nbsp;Stocks open slightly higher after fall in jobless claims.</p><p><blockquote>（8月5日）初请失业金人数下降后，股市小幅高开。</blockquote></p><p> Dow industrials up 94 points, or 0.3%.&nbsp;S&amp;P 500 up 0.3% at 4,414.12.&nbsp;Nasdaq Composite up less than 0.1% at 14,784.61.&nbsp;</p><p><blockquote>道指上涨94点，涨幅0.3%。标准普尔500指数上涨0.3%，至4414.12点。纳斯达克综合指数上涨不到0.1%，至14784.61点。</blockquote></p><p> Fastly plunges over&nbsp;23% in morning trading&nbsp;after the company's downside Q3 and full-year guidance due to the widespread outage in June.</p><p><blockquote>由于6月份大范围停电，该公司第三季度和全年指引出现下行，Fastly在早盘交易中暴跌超过23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/44fbcf9492918a352919cdff1fd27498\" tg-width=\"727\" tg-height=\"497\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The moves in the stocks came after a mostly lower regular session on Wednesday. The Dow dropped more than 300 points, or 0.9%, and closed near its session low. The S&amp;P 500 slipped about 0.5%, while the Nasdaq Composite ticked up 0.1%.</p><p><blockquote>周三常规交易时段大多走低后，股市出现走势。道指跌逾300点，跌幅0.9%，收于盘中低点附近。标普500下跌约0.5%，而纳斯达克综合指数上涨0.1%。</blockquote></p><p> Weekly initial jobless claims came in at385,000 on Thursday,in-line with expectations. Recent earnings and economic data have been strong overall, but some economists worry economic growth and employment gains will taper from here.</p><p><blockquote>周四每周首次申请失业救济人数为385,000人，符合预期。最近的盈利和经济数据总体强劲，但一些经济学家担心经济增长和就业增长将从现在开始逐渐减弱。</blockquote></p><p> The jobless claims data was the last reading before the key July jobs report, which will be released on Friday morning. There is a wide range of estimates from economists and what the report will show, and some metrics for employment gains have disappointed despite a high level of reported job openings.</p><p><blockquote>初请失业金数据是关键的7月份就业报告之前的最后一次读数，该报告将于周五上午发布。经济学家的估计和报告将显示的内容多种多样，尽管报告的职位空缺水平很高，但一些就业增长指标令人失望。</blockquote></p><p> \"Many factors are likely driving worker shortages; concerns about catching the virus, childcare responsibilities, skills mismatches, and generous unemployment insurance benefits,\" PNC Senior Economist Abbey Omodunbi said in an email. In the second half of the year, \"more competition for workers, particularly in the leisure and hospitality sector, will support acceleration in wage growth, boosting household incomes and consumer spending.\"</p><p><blockquote>PNC高级经济学家Abbey Omodunbi在一封电子邮件中表示：“许多因素可能导致工人短缺；对感染病毒的担忧、育儿责任、技能不匹配以及慷慨的失业保险福利。”今年下半年，“对工人的更多竞争，特别是在休闲和酒店行业，将支持工资增长加速，增加家庭收入和消费者支出。”</blockquote></p><p> The results of an ADP private payroll survey released Wednesday showed again of 330,000 jobs for July,well short of the consensus estimate of 653,000. The Labor Department's official jobs report, which typically has more impact on investors, will be released on Friday. Economists expect the report will show the U.S. added 845,000 in non-farm payrolls in July, about even with the previous month, according to Dow Jones estimates.</p><p><blockquote>周三公布的ADP私人就业调查结果再次显示，7月份就业岗位为330,000个，远低于普遍预期的653,000个。通常对投资者影响更大的劳工部官方就业报告将于周五发布。经济学家预计，根据道琼斯的估计，该报告将显示美国7月份非农就业人数增加84.5万人，与上月大致持平。</blockquote></p><p> The10-year Treasury yieldwas holding steady near 1.8% on Thursday. The yield briefly dipping below 1.13% on Wednesday before bouncing back in late morning trading.</p><p><blockquote>周四，10年期国债收益率稳定在1.8%附近。周三，收益率短暂跌破1.13%，随后在早盘交易中反弹。</blockquote></p><p> Shares ofRokudropped 6% after the company issued quarterly results.Etsyfell 12% in early trading after the company gave guidance for the current quarter that indicated the pandemic-fueled commerce boommay be coming to an end.</p><p><blockquote>ROKU发布季度业绩后，该公司股价下跌6%。Etsy在早盘交易中下跌12%，此前该公司给出了本季度指引，表明大流行推动的商业繁荣可能即将结束。</blockquote></p><p> However, earnings season has been strong overall. Goldman Sachs raised its year-end target for the S&amp;P 500 to 4,700, representing 7% upside, in part due to an improving earnings outlook going.</p><p><blockquote>然而，财报季总体强劲。高盛将标普500的年终目标上调至4,700点，上涨7%，部分原因是盈利前景改善。</blockquote></p><p> During regular trading Wednesday, shares of Robinhoodsurged 50%, continuing a volatile jump after last week's soft initial public offering. Semiconductor stocks were another bright spot, withNvidiaandAdvanced Micro Devicesrising.</p><p><blockquote>在周三的常规交易中，Robinhood的股价飙升了50%，继上周首次公开募股疲软后继续震荡上涨。半导体股是另一个亮点，英伟达和先进微设备上涨。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102705333","content_text":"(Aug 5) Stocks open slightly higher after fall in jobless claims.\nDow industrials up 94 points, or 0.3%. S&P 500 up 0.3% at 4,414.12. Nasdaq Composite up less than 0.1% at 14,784.61. \nFastly plunges over 23% in morning trading after the company's downside Q3 and full-year guidance due to the widespread outage in June.\n\nThe moves in the stocks came after a mostly lower regular session on Wednesday. The Dow dropped more than 300 points, or 0.9%, and closed near its session low. The S&P 500 slipped about 0.5%, while the Nasdaq Composite ticked up 0.1%.\nWeekly initial jobless claims came in at385,000 on Thursday,in-line with expectations. Recent earnings and economic data have been strong overall, but some economists worry economic growth and employment gains will taper from here.\nThe jobless claims data was the last reading before the key July jobs report, which will be released on Friday morning. There is a wide range of estimates from economists and what the report will show, and some metrics for employment gains have disappointed despite a high level of reported job openings.\n\"Many factors are likely driving worker shortages; concerns about catching the virus, childcare responsibilities, skills mismatches, and generous unemployment insurance benefits,\" PNC Senior Economist Abbey Omodunbi said in an email. In the second half of the year, \"more competition for workers, particularly in the leisure and hospitality sector, will support acceleration in wage growth, boosting household incomes and consumer spending.\"\nThe results of an ADP private payroll survey released Wednesday showed again of 330,000 jobs for July,well short of the consensus estimate of 653,000. The Labor Department's official jobs report, which typically has more impact on investors, will be released on Friday. Economists expect the report will show the U.S. added 845,000 in non-farm payrolls in July, about even with the previous month, according to Dow Jones estimates.\nThe10-year Treasury yieldwas holding steady near 1.8% on Thursday. The yield briefly dipping below 1.13% on Wednesday before bouncing back in late morning trading.\nShares ofRokudropped 6% after the company issued quarterly results.Etsyfell 12% in early trading after the company gave guidance for the current quarter that indicated the pandemic-fueled commerce boommay be coming to an end.\nHowever, earnings season has been strong overall. Goldman Sachs raised its year-end target for the S&P 500 to 4,700, representing 7% upside, in part due to an improving earnings outlook going.\nDuring regular trading Wednesday, shares of Robinhoodsurged 50%, continuing a volatile jump after last week's soft initial public offering. Semiconductor stocks were another bright spot, withNvidiaandAdvanced Micro Devicesrising.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895540825,"gmtCreate":1628759459767,"gmtModify":1633689724316,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/895540825","repostId":"1154654887","repostType":4,"isVote":1,"tweetType":1,"viewCount":1442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805082009,"gmtCreate":1627823504701,"gmtModify":1633756121073,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/805082009","repostId":"1122171439","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891860015,"gmtCreate":1628379465637,"gmtModify":1633751427452,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891860015","repostId":"1157428986","repostType":4,"repost":{"id":"1157428986","kind":"news","pubTimestamp":1628296262,"share":"https://www.laohu8.com/m/news/1157428986?lang=zh_CN&edition=full","pubTime":"2021-08-07 08:31","market":"us","language":"en","title":"US IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157428986","media":"renaissancecap...","summary":"The IPO market is getting a breather as the August lull continues to set in, with just two banks sch","content":"<p>The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.</p><p><blockquote>随着8月份的平静继续到来，IPO市场正在得到喘息，未来一周只有两家银行计划上市。</blockquote></p><p> Utah-based digital bank&nbsp;<b>FinWise Bancorp</b>(FINW) plans to raise $58 million at a $183 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 3/31/21, FinWise Bancorp had total assets of $330 million, total loans of $245 million, total deposits of $189 million, and total shareholders’ equity of $52 million.</p><p><blockquote>犹他州数字银行<b>FinWise银行</b>(FINW)计划以1.83亿美元的市值筹集5800万美元。FinWise银行向美国各地的消费者和小企业提供贷款并吸收存款。截至2011年3月31日，FinWise Bancorp的总资产为3.3亿美元，贷款总额为2.45亿美元，存款总额为1.89亿美元，股东权益总额为5200万美元。</blockquote></p><p> Alabama bank&nbsp;<b>Southern States Bancshares</b>(SSBK) plans to raise $40 million at a $174 million market cap. Southern States Bank is a full service community bank, serving businesses and individuals through 15 branches across Alabama and Georgia. As of 3/31/21, Southern States had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders’ equity of $145 million.</p><p><blockquote>阿拉巴马银行<b>南部各州银行股</b>(SSBK)计划以1.74亿美元的市值筹集4000万美元。南方各州银行是一家提供全方位服务的社区银行，通过阿拉巴马州和佐治亚州的15家分行为企业和个人提供服务。截至2011年3月31日，南方各州的总资产为15亿美元，贷款总额为11亿美元，存款总额为13亿美元，股东权益总额为1.45亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8919c8c9b4257f3c84869f14fa89bcab\" tg-width=\"1414\" tg-height=\"356\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</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\">\nUS IPO Week Ahead: 2 banks test the waters amid annual summer slowdown<blockquote>美国IPO未来一周：两家银行在年度夏季放缓中试水</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-08-07 08:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.</p><p><blockquote>随着8月份的平静继续到来，IPO市场正在得到喘息，未来一周只有两家银行计划上市。</blockquote></p><p> Utah-based digital bank&nbsp;<b>FinWise Bancorp</b>(FINW) plans to raise $58 million at a $183 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 3/31/21, FinWise Bancorp had total assets of $330 million, total loans of $245 million, total deposits of $189 million, and total shareholders’ equity of $52 million.</p><p><blockquote>犹他州数字银行<b>FinWise银行</b>(FINW)计划以1.83亿美元的市值筹集5800万美元。FinWise银行向美国各地的消费者和小企业提供贷款并吸收存款。截至2011年3月31日，FinWise Bancorp的总资产为3.3亿美元，贷款总额为2.45亿美元，存款总额为1.89亿美元，股东权益总额为5200万美元。</blockquote></p><p> Alabama bank&nbsp;<b>Southern States Bancshares</b>(SSBK) plans to raise $40 million at a $174 million market cap. Southern States Bank is a full service community bank, serving businesses and individuals through 15 branches across Alabama and Georgia. As of 3/31/21, Southern States had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders’ equity of $145 million.</p><p><blockquote>阿拉巴马银行<b>南部各州银行股</b>(SSBK)计划以1.74亿美元的市值筹集4000万美元。南方各州银行是一家提供全方位服务的社区银行，通过阿拉巴马州和佐治亚州的15家分行为企业和个人提供服务。截至2011年3月31日，南方各州的总资产为15亿美元，贷款总额为11亿美元，存款总额为13亿美元，股东权益总额为1.45亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8919c8c9b4257f3c84869f14fa89bcab\" tg-width=\"1414\" tg-height=\"356\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85076/US-IPO-Week-Ahead-2-banks-test-the-waters-amid-annual-summer-slowdown\">renaissancecap...</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":{"FINW":"Finwise Bancorp","SSBK":"Southern States Bancshares, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85076/US-IPO-Week-Ahead-2-banks-test-the-waters-amid-annual-summer-slowdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157428986","content_text":"The IPO market is getting a breather as the August lull continues to set in, with just two banks scheduled for the week ahead.\nUtah-based digital bank FinWise Bancorp(FINW) plans to raise $58 million at a $183 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 3/31/21, FinWise Bancorp had total assets of $330 million, total loans of $245 million, total deposits of $189 million, and total shareholders’ equity of $52 million.\nAlabama bank Southern States Bancshares(SSBK) plans to raise $40 million at a $174 million market cap. Southern States Bank is a full service community bank, serving businesses and individuals through 15 branches across Alabama and Georgia. As of 3/31/21, Southern States had total assets of $1.5 billion, total loans of $1.1 billion, total deposits of $1.3 billion, and total shareholders’ equity of $145 million.","news_type":1,"symbols_score_info":{"SSBK":0.9,"FINW":0.9}},"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894130250,"gmtCreate":1628810569270,"gmtModify":1633689380665,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894130250","repostId":"1183890905","repostType":4,"isVote":1,"tweetType":1,"viewCount":1768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895549885,"gmtCreate":1628759483747,"gmtModify":1633689723769,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895549885","repostId":"1154654887","repostType":4,"isVote":1,"tweetType":1,"viewCount":2041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892604249,"gmtCreate":1628652009381,"gmtModify":1633745353995,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892604249","repostId":"1147144306","repostType":4,"repost":{"id":"1147144306","kind":"news","pubTimestamp":1628651652,"share":"https://www.laohu8.com/m/news/1147144306?lang=zh_CN&edition=full","pubTime":"2021-08-11 11:14","market":"hk","language":"en","title":"What stocks and sectors will benefit from the infrastructure bill?<blockquote>哪些股票和板块将从基建法案中受益？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147144306","media":"Market Wacth","summary":"What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?Thebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion","content":"<p>What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?</p><p><blockquote>继美国之后，哪些资产将获得提振。参议院星期二在两党的广泛支持下通过了一项大约1万亿美元的基础设施计划，使该计划有望在众议院获得通过，并由总统乔·拜登签署成为法律？</blockquote></p><p> Thebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems.</p><p><blockquote>该法案重新授权现有联邦公共工程项目的支出，并向水利项目、电网和安全工作注入新的5500亿美元。其中包括1100亿美元用于道路、桥梁和其他项目，以及660亿美元用于铁路、650亿美元用于宽带互联网和550亿美元用于供水系统。</blockquote></p><p> Some analysts say that much of the bill’s positive impact on the economy have already been priced into financial markets but it is possible that a further fillip for stocks could be enjoyed, especially as worries linger about the potential for the delta variant of COVID-19 to stymie aspects of the economic recovery from the deadly pandemic.</p><p><blockquote>一些分析师表示，该法案对经济的大部分积极影响已经反映在金融市场中，但股市可能会受到进一步刺激，特别是在人们对COVID-19德尔塔变异毒株潜力的担忧挥之不去的情况下。19阻碍了经济从致命大流行中复苏的各个方面。</blockquote></p><p> “The passage of the&nbsp;infrastructure&nbsp;bill is a nice headline but unlikely to be a big market mover at this point,” wrote Brian Price, head of investment management at Commonwealth Financial Network in emailed remarks.</p><p><blockquote>联邦金融网络投资管理主管布莱恩·普莱斯在电子邮件中写道：“基础设施法案的通过是一个不错的头条新闻，但目前不太可能对市场产生重大影响。”</blockquote></p><p> “I think a lot of the enthusiasm has been priced in over the past few weeks and investors are focused on other factors at this point,” he said, perhaps, referring to investors’ current fixation over the likelihood that the Federal Reserve will taper its monthly purchases of $120 billion in Treasurys and mortgage-backed securities, which had helped to stabilize the market during the height the pandemic back in March and April of 2020.</p><p><blockquote>他表示：“我认为过去几周的热情已经被消化了，投资者目前正在关注其他因素。”他可能指的是投资者目前对美联储缩减购债规模的可能性的关注。每月购买1200亿美元的美国国债和抵押贷款支持证券，这有助于在2020年3月和4月疫情最严重期间稳定市场。</blockquote></p><p> Still, the stock market was headed higher on Tuesday, with the Dow Jones Industrial AverageDJIA,+0.46%and S&amp;P 500SPX,+0.10%at or near all-time closing highs, after the bill’s passage in the Upper chamber, with a 69-to-30 vote, with 19 Republicans also joining the Democratic yeas, The Wall Street Journal reported.</p><p><blockquote>尽管如此，该法案在上议院以69票通过后，周二股市仍走高，道琼斯工业平均指数DJIA上涨0.46%，标准普尔500SPX上涨0.10%，达到或接近历史收盘高点。据《华尔街日报》报道，投票结果为-30，19名共和党人也加入了民主党。</blockquote></p><p> A popular exchange-traded fund that offers exposure to stocks that would benefit from an infrastructure bill, the <a href=\"https://laohu8.com/S/EFFE\">Global X</a> U.S. Infrastructure Development ETFPAVE,+2.19%,was up 2.2% on Tuesday and has climbed 4.7% within the past 30 days, FactSet data show.<img src=\"https://static.tigerbbs.com/d21f2ed025a84fdc2840732cbf4dff62\" tg-width=\"825\" tg-height=\"525\" referrerpolicy=\"no-referrer\">Pave the way higher?The 'PAVE' ETF has been rising over the past 30 daysGlobal X US Infrastructure Development ETFSource: FactSetAs of Aug. 10, 4 p.m. ETJune 2021Aug.24.525.025.526.026.527.0$27.5</p><p><blockquote>这是一只受欢迎的交易所交易基金，提供受益于基础设施法案的股票投资，<a href=\"https://laohu8.com/S/EFFE\">全球X</a>FactSet数据显示，美国基础设施开发ETFPAVE，+2.19%，周二上涨2.2%，过去30天内上涨4.7%。铺路更高？“PAVE”ETF在过去30天内一直在上涨Global X美国基础设施开发ETF资料来源：FactSetAs截至8月10日下午4点ET2021年6月24.525.025.526.026.527.0$27.5</blockquote></p><p> PAVE, referring to the infrastructure ETFs ticker symbol is up 28% so far in 2021, compared with year-to-date gains of around 15% for the S&amp;P 500 and the Dow.</p><p><blockquote>PAVE（指基础设施ETF股票代码）2021年迄今已上涨28%，而标普500和道琼斯指数今年迄今的涨幅约为15%。</blockquote></p><p> PAVE holds 100 stocks, from small-cap to large-cap companies, that derive at least 50% of revenue from infrastructure construction, materials and equipment supply and related services in the U.S.</p><p><blockquote>PAVE持有100只股票，从小盘股到大盘股公司，这些公司至少50%的收入来自美国的基础设施建设、材料和设备供应以及相关服务。</blockquote></p><p> Similarly, the <a href=\"https://laohu8.com/S/IFRA\">iShares U.S. Infrastructure ETF</a>IFRA,+1.45%,another way to play infrastructure, rose 1.3% on Tuesday and is up nearly 22% in the first eight months of the year. The iShares ETF also includes 20 electric utilities and four water utilities, and for that reason isn’t always viewed as a pure-play infrastructure fund.</p><p><blockquote>同样，<a href=\"https://laohu8.com/S/IFRA\">iShares美国基础设施ETF</a>IFRA，+1.45%，基础设施的另一种玩法，周二上涨1.3%，今年前八个月上涨近22%。iShares ETF还包括20家电力公司和4家水务公司，因此并不总是被视为纯粹的基础设施基金。</blockquote></p><p> The Industrial <a href=\"https://laohu8.com/S/SLCT\">Select</a> Sector SPDR ETFXLI,+1.02%,which tracks the S&amp;P 500’s industrial sector, was up 1% on Tuesday and has gained nearly 18% in the year so far.</p><p><blockquote>工业<a href=\"https://laohu8.com/S/SLCT\">选择</a>追踪标普500工业板块的SPDR ETFXLI,+1.02%周二上涨1%，今年迄今已上涨近18%。</blockquote></p><p> Back in the spring MarketWatch’s Philip van Doorn wrote that there are about 20 companies that are included in PAVE that might have the most upsidepotential for investors. Those include <a href=\"https://laohu8.com/S/TISI\">Team</a> Inc., which was up 4.4% on Tuesday but has declined 56% in the year to date and <a href=\"https://laohu8.com/S/PRIM\">Primoris</a>, which was up 2.9% on the day but down 3.6% so far this year.</p><p><blockquote>早在春季，MarketWatch的Philip van Doorn就写道，PAVE中约有20家公司可能对投资者来说最具上涨潜力。这些包括<a href=\"https://laohu8.com/S/TISI\">团队</a>Inc.周二上涨4.4%，但今年迄今已下跌56%<a href=\"https://laohu8.com/S/PRIM\">普里莫里斯</a>，当日上涨2.9%，但今年迄今下跌3.6%。</blockquote></p><p></p><p> <table>  <tbody>   <tr>    <td><b>Company names</b></td>    <td><b>YTD % return</b></td>   </tr>   <tr>    <td>Team Inc.TISI,+4.37%</td>    <td>-56.83</td>   </tr>   <tr>    <td>Primoris Services Corp.PRIM,+2.90%</td>    <td>-3.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/CMCO\">Columbus McKinnon</a> Corp.CMCO,+2.03%</td>    <td>17.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a> Inc.BLDR,+2.72%</td>    <td>19.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/WMS\">Advanced Drainage</a> Systems Inc.WMS,+1.89%</td>    <td>40%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/AIMCV\">Altra Industrial Motion Corp.</a>AIMC,+3.15%</td>    <td>10.5%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/DY\">Dycom</a> IndustriesDY,-0.96%</td>    <td>-5.7%</td>   </tr>   <tr>    <td>Cleveland-Cliffs Inc.CLF,+5.05%</td>    <td>78.7%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/RXN\">Rexnord</a> Corp.RXN,+1.91%</td>    <td>51%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/HRI\">Herc</a> Holdings Inc.HRI,+2.28%</td>    <td>90%</td>   </tr>  </tbody> </table> Overall, the investment in infrastructure is the biggest investment in roads, bridges and tunnels and other areas of America’s inner workings in a generation.</p><p><blockquote><table><tbody><tr><td><b>公司名称</b></td><td><b>年初至今回报率百分比</b></td></tr><tr><td>Team Inc.TISI,+4.37%</td><td>-56.83</td></tr><tr><td>Primoris Services Corp.PRIM,+2.90%</td><td>-3.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/CMCO\">哥伦布·麦金农</a>CMCO公司，+2.03%</td><td>17.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/BLDR\">建筑商FirstSource</a>Inc.BLDR,+2.72%</td><td>19.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/WMS\">高级排水</a>系统公司WMS,+1.89%</td><td>40%</td></tr><tr><td><a href=\"https://laohu8.com/S/AIMCV\">阿尔特拉工业运动公司。</a>AIMC,+3.15%</td><td>10.5%</td></tr><tr><td><a href=\"https://laohu8.com/S/DY\">Dycom</a>工业DY,-0.96%</td><td>-5.7%</td></tr><tr><td>克利夫兰克利夫斯公司CLF,+5.05%</td><td>78.7%</td></tr><tr><td><a href=\"https://laohu8.com/S/RXN\">雷克斯诺德</a>公司RXN,+1.91%</td><td>51%</td></tr><tr><td><a href=\"https://laohu8.com/S/HRI\">Herc</a>控股公司HRI,+2.28%</td><td>90%</td></tr></tbody></table>总体而言，基础设施投资是一代人以来对道路、桥梁和隧道以及美国内部运作其他领域的最大投资。</blockquote></p><p> Edward Moya, analyst at Oanda, said that the infrastructure package, should it get quickly passed by the House, is very constructive in “driving the cyclical trade,” particularly as there have been concerns about the delta variant of COVID.</p><p><blockquote>Oanda分析师Edward Moya表示，如果众议院迅速通过基础设施一揽子计划，对于“推动周期性贸易”非常有建设性，特别是在人们担心新冠疫情的德尔塔变异毒株的情况下。</blockquote></p><p> “Spending will take a few years to ramp up and will in any case be spread over the rest of the decade,” said Michael Pearce, senior U.S. economist at Capital Economics, in a recent note.</p><p><blockquote>凯投宏观(Capital Economics)美国高级经济学家迈克尔·皮尔斯(Michael Pearce)在最近的一份报告中表示：“支出将需要几年时间才能增加，而且无论如何都将分散到这十年的剩余时间里。”</blockquote></p><p></p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat stocks and sectors will benefit from the infrastructure bill?<blockquote>哪些股票和板块将从基建法案中受益？</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\">2021-08-11 11:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?</p><p><blockquote>继美国之后，哪些资产将获得提振。参议院星期二在两党的广泛支持下通过了一项大约1万亿美元的基础设施计划，使该计划有望在众议院获得通过，并由总统乔·拜登签署成为法律？</blockquote></p><p> Thebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems.</p><p><blockquote>该法案重新授权现有联邦公共工程项目的支出，并向水利项目、电网和安全工作注入新的5500亿美元。其中包括1100亿美元用于道路、桥梁和其他项目，以及660亿美元用于铁路、650亿美元用于宽带互联网和550亿美元用于供水系统。</blockquote></p><p> Some analysts say that much of the bill’s positive impact on the economy have already been priced into financial markets but it is possible that a further fillip for stocks could be enjoyed, especially as worries linger about the potential for the delta variant of COVID-19 to stymie aspects of the economic recovery from the deadly pandemic.</p><p><blockquote>一些分析师表示，该法案对经济的大部分积极影响已经反映在金融市场中，但股市可能会受到进一步刺激，特别是在人们对COVID-19德尔塔变异毒株潜力的担忧挥之不去的情况下。19阻碍了经济从致命大流行中复苏的各个方面。</blockquote></p><p> “The passage of the&nbsp;infrastructure&nbsp;bill is a nice headline but unlikely to be a big market mover at this point,” wrote Brian Price, head of investment management at Commonwealth Financial Network in emailed remarks.</p><p><blockquote>联邦金融网络投资管理主管布莱恩·普莱斯在电子邮件中写道：“基础设施法案的通过是一个不错的头条新闻，但目前不太可能对市场产生重大影响。”</blockquote></p><p> “I think a lot of the enthusiasm has been priced in over the past few weeks and investors are focused on other factors at this point,” he said, perhaps, referring to investors’ current fixation over the likelihood that the Federal Reserve will taper its monthly purchases of $120 billion in Treasurys and mortgage-backed securities, which had helped to stabilize the market during the height the pandemic back in March and April of 2020.</p><p><blockquote>他表示：“我认为过去几周的热情已经被消化了，投资者目前正在关注其他因素。”他可能指的是投资者目前对美联储缩减购债规模的可能性的关注。每月购买1200亿美元的美国国债和抵押贷款支持证券，这有助于在2020年3月和4月疫情最严重期间稳定市场。</blockquote></p><p> Still, the stock market was headed higher on Tuesday, with the Dow Jones Industrial AverageDJIA,+0.46%and S&amp;P 500SPX,+0.10%at or near all-time closing highs, after the bill’s passage in the Upper chamber, with a 69-to-30 vote, with 19 Republicans also joining the Democratic yeas, The Wall Street Journal reported.</p><p><blockquote>尽管如此，该法案在上议院以69票通过后，周二股市仍走高，道琼斯工业平均指数DJIA上涨0.46%，标准普尔500SPX上涨0.10%，达到或接近历史收盘高点。据《华尔街日报》报道，投票结果为-30，19名共和党人也加入了民主党。</blockquote></p><p> A popular exchange-traded fund that offers exposure to stocks that would benefit from an infrastructure bill, the <a href=\"https://laohu8.com/S/EFFE\">Global X</a> U.S. Infrastructure Development ETFPAVE,+2.19%,was up 2.2% on Tuesday and has climbed 4.7% within the past 30 days, FactSet data show.<img src=\"https://static.tigerbbs.com/d21f2ed025a84fdc2840732cbf4dff62\" tg-width=\"825\" tg-height=\"525\" referrerpolicy=\"no-referrer\">Pave the way higher?The 'PAVE' ETF has been rising over the past 30 daysGlobal X US Infrastructure Development ETFSource: FactSetAs of Aug. 10, 4 p.m. ETJune 2021Aug.24.525.025.526.026.527.0$27.5</p><p><blockquote>这是一只受欢迎的交易所交易基金，提供受益于基础设施法案的股票投资，<a href=\"https://laohu8.com/S/EFFE\">全球X</a>FactSet数据显示，美国基础设施开发ETFPAVE，+2.19%，周二上涨2.2%，过去30天内上涨4.7%。铺路更高？“PAVE”ETF在过去30天内一直在上涨Global X美国基础设施开发ETF资料来源：FactSetAs截至8月10日下午4点ET2021年6月24.525.025.526.026.527.0$27.5</blockquote></p><p> PAVE, referring to the infrastructure ETFs ticker symbol is up 28% so far in 2021, compared with year-to-date gains of around 15% for the S&amp;P 500 and the Dow.</p><p><blockquote>PAVE（指基础设施ETF股票代码）2021年迄今已上涨28%，而标普500和道琼斯指数今年迄今的涨幅约为15%。</blockquote></p><p> PAVE holds 100 stocks, from small-cap to large-cap companies, that derive at least 50% of revenue from infrastructure construction, materials and equipment supply and related services in the U.S.</p><p><blockquote>PAVE持有100只股票，从小盘股到大盘股公司，这些公司至少50%的收入来自美国的基础设施建设、材料和设备供应以及相关服务。</blockquote></p><p> Similarly, the <a href=\"https://laohu8.com/S/IFRA\">iShares U.S. Infrastructure ETF</a>IFRA,+1.45%,another way to play infrastructure, rose 1.3% on Tuesday and is up nearly 22% in the first eight months of the year. The iShares ETF also includes 20 electric utilities and four water utilities, and for that reason isn’t always viewed as a pure-play infrastructure fund.</p><p><blockquote>同样，<a href=\"https://laohu8.com/S/IFRA\">iShares美国基础设施ETF</a>IFRA，+1.45%，基础设施的另一种玩法，周二上涨1.3%，今年前八个月上涨近22%。iShares ETF还包括20家电力公司和4家水务公司，因此并不总是被视为纯粹的基础设施基金。</blockquote></p><p> The Industrial <a href=\"https://laohu8.com/S/SLCT\">Select</a> Sector SPDR ETFXLI,+1.02%,which tracks the S&amp;P 500’s industrial sector, was up 1% on Tuesday and has gained nearly 18% in the year so far.</p><p><blockquote>工业<a href=\"https://laohu8.com/S/SLCT\">选择</a>追踪标普500工业板块的SPDR ETFXLI,+1.02%周二上涨1%，今年迄今已上涨近18%。</blockquote></p><p> Back in the spring MarketWatch’s Philip van Doorn wrote that there are about 20 companies that are included in PAVE that might have the most upsidepotential for investors. Those include <a href=\"https://laohu8.com/S/TISI\">Team</a> Inc., which was up 4.4% on Tuesday but has declined 56% in the year to date and <a href=\"https://laohu8.com/S/PRIM\">Primoris</a>, which was up 2.9% on the day but down 3.6% so far this year.</p><p><blockquote>早在春季，MarketWatch的Philip van Doorn就写道，PAVE中约有20家公司可能对投资者来说最具上涨潜力。这些包括<a href=\"https://laohu8.com/S/TISI\">团队</a>Inc.周二上涨4.4%，但今年迄今已下跌56%<a href=\"https://laohu8.com/S/PRIM\">普里莫里斯</a>，当日上涨2.9%，但今年迄今下跌3.6%。</blockquote></p><p></p><p> <table>  <tbody>   <tr>    <td><b>Company names</b></td>    <td><b>YTD % return</b></td>   </tr>   <tr>    <td>Team Inc.TISI,+4.37%</td>    <td>-56.83</td>   </tr>   <tr>    <td>Primoris Services Corp.PRIM,+2.90%</td>    <td>-3.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/CMCO\">Columbus McKinnon</a> Corp.CMCO,+2.03%</td>    <td>17.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a> Inc.BLDR,+2.72%</td>    <td>19.6%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/WMS\">Advanced Drainage</a> Systems Inc.WMS,+1.89%</td>    <td>40%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/AIMCV\">Altra Industrial Motion Corp.</a>AIMC,+3.15%</td>    <td>10.5%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/DY\">Dycom</a> IndustriesDY,-0.96%</td>    <td>-5.7%</td>   </tr>   <tr>    <td>Cleveland-Cliffs Inc.CLF,+5.05%</td>    <td>78.7%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/RXN\">Rexnord</a> Corp.RXN,+1.91%</td>    <td>51%</td>   </tr>   <tr>    <td><a href=\"https://laohu8.com/S/HRI\">Herc</a> Holdings Inc.HRI,+2.28%</td>    <td>90%</td>   </tr>  </tbody> </table> Overall, the investment in infrastructure is the biggest investment in roads, bridges and tunnels and other areas of America’s inner workings in a generation.</p><p><blockquote><table><tbody><tr><td><b>公司名称</b></td><td><b>年初至今回报率百分比</b></td></tr><tr><td>Team Inc.TISI,+4.37%</td><td>-56.83</td></tr><tr><td>Primoris Services Corp.PRIM,+2.90%</td><td>-3.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/CMCO\">哥伦布·麦金农</a>CMCO公司，+2.03%</td><td>17.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/BLDR\">建筑商FirstSource</a>Inc.BLDR,+2.72%</td><td>19.6%</td></tr><tr><td><a href=\"https://laohu8.com/S/WMS\">高级排水</a>系统公司WMS,+1.89%</td><td>40%</td></tr><tr><td><a href=\"https://laohu8.com/S/AIMCV\">阿尔特拉工业运动公司。</a>AIMC,+3.15%</td><td>10.5%</td></tr><tr><td><a href=\"https://laohu8.com/S/DY\">Dycom</a>工业DY,-0.96%</td><td>-5.7%</td></tr><tr><td>克利夫兰克利夫斯公司CLF,+5.05%</td><td>78.7%</td></tr><tr><td><a href=\"https://laohu8.com/S/RXN\">雷克斯诺德</a>公司RXN,+1.91%</td><td>51%</td></tr><tr><td><a href=\"https://laohu8.com/S/HRI\">Herc</a>控股公司HRI,+2.28%</td><td>90%</td></tr></tbody></table>总体而言，基础设施投资是一代人以来对道路、桥梁和隧道以及美国内部运作其他领域的最大投资。</blockquote></p><p> Edward Moya, analyst at Oanda, said that the infrastructure package, should it get quickly passed by the House, is very constructive in “driving the cyclical trade,” particularly as there have been concerns about the delta variant of COVID.</p><p><blockquote>Oanda分析师Edward Moya表示，如果众议院迅速通过基础设施一揽子计划，对于“推动周期性贸易”非常有建设性，特别是在人们担心新冠疫情的德尔塔变异毒株的情况下。</blockquote></p><p> “Spending will take a few years to ramp up and will in any case be spread over the rest of the decade,” said Michael Pearce, senior U.S. economist at Capital Economics, in a recent note.</p><p><blockquote>凯投宏观(Capital Economics)美国高级经济学家迈克尔·皮尔斯(Michael Pearce)在最近的一份报告中表示：“支出将需要几年时间才能增加，而且无论如何都将分散到这十年的剩余时间里。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/what-stocks-and-sectors-will-benefit-from-the-infrastructure-bill-11628628331?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":{"DY":"戴康工业","IFRA":"iShares U.S. Infrastructure ETF","WMS":"Advanced Drainage","CLF":"克利夫兰克里夫","HRI":"Herc Holdings Inc.","XLI":"工业指数ETF-SPDR","TISI":"Team Inc","CMCO":"哥伦布-麦金农","PRIM":"Primoris Services Corporation","BLDR":"Builders FirstSource"},"source_url":"https://www.marketwatch.com/story/what-stocks-and-sectors-will-benefit-from-the-infrastructure-bill-11628628331?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147144306","content_text":"What assets are set to score a boost after the U.S. Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, putting it on track to possibly be passed by the House and be signed into law by President Joe Biden?\nThebill reauthorizes spendingon existing federal public-works programs and pours a fresh $550 billion into water projects, the electrical grid and safety efforts. It includes $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems.\nSome analysts say that much of the bill’s positive impact on the economy have already been priced into financial markets but it is possible that a further fillip for stocks could be enjoyed, especially as worries linger about the potential for the delta variant of COVID-19 to stymie aspects of the economic recovery from the deadly pandemic.\n“The passage of the infrastructure bill is a nice headline but unlikely to be a big market mover at this point,” wrote Brian Price, head of investment management at Commonwealth Financial Network in emailed remarks.\n“I think a lot of the enthusiasm has been priced in over the past few weeks and investors are focused on other factors at this point,” he said, perhaps, referring to investors’ current fixation over the likelihood that the Federal Reserve will taper its monthly purchases of $120 billion in Treasurys and mortgage-backed securities, which had helped to stabilize the market during the height the pandemic back in March and April of 2020.\nStill, the stock market was headed higher on Tuesday, with the Dow Jones Industrial AverageDJIA,+0.46%and S&P 500SPX,+0.10%at or near all-time closing highs, after the bill’s passage in the Upper chamber, with a 69-to-30 vote, with 19 Republicans also joining the Democratic yeas, The Wall Street Journal reported.\nA popular exchange-traded fund that offers exposure to stocks that would benefit from an infrastructure bill, the Global X U.S. Infrastructure Development ETFPAVE,+2.19%,was up 2.2% on Tuesday and has climbed 4.7% within the past 30 days, FactSet data show.Pave the way higher?The 'PAVE' ETF has been rising over the past 30 daysGlobal X US Infrastructure Development ETFSource: FactSetAs of Aug. 10, 4 p.m. ETJune 2021Aug.24.525.025.526.026.527.0$27.5\nPAVE, referring to the infrastructure ETFs ticker symbol is up 28% so far in 2021, compared with year-to-date gains of around 15% for the S&P 500 and the Dow.\nPAVE holds 100 stocks, from small-cap to large-cap companies, that derive at least 50% of revenue from infrastructure construction, materials and equipment supply and related services in the U.S.\nSimilarly, the iShares U.S. Infrastructure ETFIFRA,+1.45%,another way to play infrastructure, rose 1.3% on Tuesday and is up nearly 22% in the first eight months of the year. The iShares ETF also includes 20 electric utilities and four water utilities, and for that reason isn’t always viewed as a pure-play infrastructure fund.\nThe Industrial Select Sector SPDR ETFXLI,+1.02%,which tracks the S&P 500’s industrial sector, was up 1% on Tuesday and has gained nearly 18% in the year so far.\nBack in the spring MarketWatch’s Philip van Doorn wrote that there are about 20 companies that are included in PAVE that might have the most upsidepotential for investors. Those include Team Inc., which was up 4.4% on Tuesday but has declined 56% in the year to date and Primoris, which was up 2.9% on the day but down 3.6% so far this year.\n\n\n\nCompany names\nYTD % return\n\n\nTeam Inc.TISI,+4.37%\n-56.83\n\n\nPrimoris Services Corp.PRIM,+2.90%\n-3.6%\n\n\nColumbus McKinnon Corp.CMCO,+2.03%\n17.6%\n\n\nBuilders FirstSource Inc.BLDR,+2.72%\n19.6%\n\n\nAdvanced Drainage Systems Inc.WMS,+1.89%\n40%\n\n\nAltra Industrial Motion Corp.AIMC,+3.15%\n10.5%\n\n\nDycom IndustriesDY,-0.96%\n-5.7%\n\n\nCleveland-Cliffs Inc.CLF,+5.05%\n78.7%\n\n\nRexnord Corp.RXN,+1.91%\n51%\n\n\nHerc Holdings Inc.HRI,+2.28%\n90%\n\n\n\nOverall, the investment in infrastructure is the biggest investment in roads, bridges and tunnels and other areas of America’s inner workings in a generation.\nEdward Moya, analyst at Oanda, said that the infrastructure package, should it get quickly passed by the House, is very constructive in “driving the cyclical trade,” particularly as there have been concerns about the delta variant of COVID.\n“Spending will take a few years to ramp up and will in any case be spread over the rest of the decade,” said Michael Pearce, senior U.S. economist at Capital Economics, in a recent note.","news_type":1,"symbols_score_info":{"CLF":0.9,"CMCO":0.9,"XLI":0.9,"WMS":0.9,"BLDR":0.9,"HRI":0.9,"IFRA":0.9,"TISI":0.9,"PRIM":0.9,"AIMC":0.9,"RXN":0.9,"DY":0.9}},"isVote":1,"tweetType":1,"viewCount":1907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899995511,"gmtCreate":1628149712833,"gmtModify":1633753134833,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899995511","repostId":"1192728062","repostType":4,"repost":{"id":"1192728062","kind":"news","pubTimestamp":1628148597,"share":"https://www.laohu8.com/m/news/1192728062?lang=zh_CN&edition=full","pubTime":"2021-08-05 15:29","market":"sg","language":"en","title":"SGX reveals $447m profit for FY2021<blockquote>新交所公布2021财年利润4.47亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192728062","media":"Singapore Business","summary":"It points toward expansion as the driving factor of their success.\n\nSingapore Exchange (SGX) announc","content":"<p>  <b><i>It points toward expansion as the driving factor of their success.</i></b>  Singapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.</p><p><blockquote><b><i>它指出扩张是他们成功的驱动因素。</i></b>新加坡交易所（SGX）宣布2021财年净利润为4.47亿美元，收入为10.567亿美元。</blockquote></p><p> This is a slight dip from last year’s net profit $482.1m, with this year’s revenue seeing a slight increase from $1,052.7m.</p><p><blockquote>这比去年的净利润4.821亿美元略有下降，今年的收入比10.527亿美元略有增长。</blockquote></p><p> SGX attributes this growth to continued investment in expanding their business. From $486.9m, this year’s expenses increased by 8% to $525.2m. These largely went toward Scientific Beta and BidFX.</p><p><blockquote>新交所将这一增长归因于对扩大业务的持续投资。今年的支出从4.869亿美元增长了8%，达到5.252亿美元。这些主要流向了Scientific Beta和BidFX。</blockquote></p><p> Meanwhile, adjusted earnings before interest, taxes, depreciation, and amortization remained at $623.9m, down from last year’s $659.7m.</p><p><blockquote>与此同时，调整后的息税折旧摊销前利润仍为6.239亿美元，低于去年的6.597亿美元。</blockquote></p><p> Loh Boon Chye, CEO of SGX, remains proud of their current financial summary.</p><p><blockquote>新交所首席执行官Loh Boon Chye仍然对他们当前的财务摘要感到自豪。</blockquote></p><p> “In FY2021, we continued to build, partner and acquire strategically – strengthening our capabilities, products and platforms across asset classes. We achieved a strong performance as we invested in growing our business, delivering similar record revenues compared to last year amidst a challenging environment. Notwithstanding the lower treasury income, our core business segments remained robust, with our fast-growing subsidiaries, Scientific Beta and BidFX, providing an added boost.”</p><p><blockquote>“2021财年，我们继续战略性地构建、合作和收购——加强我们跨资产类别的能力、产品和平台。通过投资发展业务，我们取得了强劲的业绩，在充满挑战的环境中实现了与去年类似的创纪录收入。尽管国债收入较低，但我们的核心业务部门仍然强劲，我们快速增长的子公司Scientific Beta和BidFX提供了额外的推动力。”</blockquote></p><p></p>","source":"lsy1618986048053","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>SGX reveals $447m profit for FY2021<blockquote>新交所公布2021财年利润4.47亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX reveals $447m profit for FY2021<blockquote>新交所公布2021财年利润4.47亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Singapore Business</strong><span class=\"h-time small\">2021-08-05 15:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b><i>It points toward expansion as the driving factor of their success.</i></b>  Singapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.</p><p><blockquote><b><i>它指出扩张是他们成功的驱动因素。</i></b>新加坡交易所（SGX）宣布2021财年净利润为4.47亿美元，收入为10.567亿美元。</blockquote></p><p> This is a slight dip from last year’s net profit $482.1m, with this year’s revenue seeing a slight increase from $1,052.7m.</p><p><blockquote>这比去年的净利润4.821亿美元略有下降，今年的收入比10.527亿美元略有增长。</blockquote></p><p> SGX attributes this growth to continued investment in expanding their business. From $486.9m, this year’s expenses increased by 8% to $525.2m. These largely went toward Scientific Beta and BidFX.</p><p><blockquote>新交所将这一增长归因于对扩大业务的持续投资。今年的支出从4.869亿美元增长了8%，达到5.252亿美元。这些主要流向了Scientific Beta和BidFX。</blockquote></p><p> Meanwhile, adjusted earnings before interest, taxes, depreciation, and amortization remained at $623.9m, down from last year’s $659.7m.</p><p><blockquote>与此同时，调整后的息税折旧摊销前利润仍为6.239亿美元，低于去年的6.597亿美元。</blockquote></p><p> Loh Boon Chye, CEO of SGX, remains proud of their current financial summary.</p><p><blockquote>新交所首席执行官Loh Boon Chye仍然对他们当前的财务摘要感到自豪。</blockquote></p><p> “In FY2021, we continued to build, partner and acquire strategically – strengthening our capabilities, products and platforms across asset classes. We achieved a strong performance as we invested in growing our business, delivering similar record revenues compared to last year amidst a challenging environment. Notwithstanding the lower treasury income, our core business segments remained robust, with our fast-growing subsidiaries, Scientific Beta and BidFX, providing an added boost.”</p><p><blockquote>“2021财年，我们继续战略性地构建、合作和收购——加强我们跨资产类别的能力、产品和平台。通过投资发展业务，我们取得了强劲的业绩，在充满挑战的环境中实现了与去年类似的创纪录收入。尽管国债收入较低，但我们的核心业务部门仍然强劲，我们快速增长的子公司Scientific Beta和BidFX提供了额外的推动力。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://sbr.com.sg/economy-stocks/news/sgx-reveals-447m-profit-fy2021\">Singapore Business</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":{"S68.SI":"新加坡交易所"},"source_url":"https://sbr.com.sg/economy-stocks/news/sgx-reveals-447m-profit-fy2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192728062","content_text":"It points toward expansion as the driving factor of their success.\n\nSingapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.\nThis is a slight dip from last year’s net profit $482.1m, with this year’s revenue seeing a slight increase from $1,052.7m.\nSGX attributes this growth to continued investment in expanding their business. From $486.9m, this year’s expenses increased by 8% to $525.2m. These largely went toward Scientific Beta and BidFX.\nMeanwhile, adjusted earnings before interest, taxes, depreciation, and amortization remained at $623.9m, down from last year’s $659.7m.\nLoh Boon Chye, CEO of SGX, remains proud of their current financial summary.\n“In FY2021, we continued to build, partner and acquire strategically – strengthening our capabilities, products and platforms across asset classes. We achieved a strong performance as we invested in growing our business, delivering similar record revenues compared to last year amidst a challenging environment. Notwithstanding the lower treasury income, our core business segments remained robust, with our fast-growing subsidiaries, Scientific Beta and BidFX, providing an added boost.”","news_type":1,"symbols_score_info":{"S68.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898047571,"gmtCreate":1628465556493,"gmtModify":1633747071281,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898047571","repostId":"1167258325","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891860857,"gmtCreate":1628379503079,"gmtModify":1633751427084,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891860857","repostId":"1187374387","repostType":4,"isVote":1,"tweetType":1,"viewCount":611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893549944,"gmtCreate":1628291929788,"gmtModify":1633752004009,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893549944","repostId":"1141271021","repostType":4,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890113226,"gmtCreate":1628086515665,"gmtModify":1633753723565,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"HUAT AH","listText":"HUAT AH","text":"HUAT AH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890113226","repostId":"1106185106","repostType":4,"repost":{"id":"1106185106","kind":"news","pubTimestamp":1628085241,"share":"https://www.laohu8.com/m/news/1106185106?lang=zh_CN&edition=full","pubTime":"2021-08-04 21:54","market":"us","language":"en","title":"Treasury To Start Reducing Bond Auction Sizes As Soon As November<blockquote>财政部最快将于11月开始缩减债券拍卖规模</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106185106","media":"zerohedge","summary":"Heading into today's quarterly refunding announcement, the bond market was on edge over the (low) po","content":"<p>Heading into today's quarterly refunding announcement, the bond market was on edge over the (low) possibility widely discussed on sellside desks, that the Treasury could cut trim coupon auction sizes in the next few months to coincide with the Fed's tapering as the Treasury's funding needs have gradually emerged to be less than expected thanks to higher than expected tax revenues. In fact, according to some the drop in yields in recent weeks has been not due to the ongoing monster squeeze but due to expectations that there will be less TSY supply than demand.</p><p><blockquote>在今天的季度再融资公告发布之前，债券市场对卖方广泛讨论的（低）可能性感到紧张，即财政部可能在未来几个月内削减息票拍卖规模，以配合美联储的缩减规模，因为财政部的资金需求由于税收收入高于预期，需求逐渐低于预期。事实上，根据一些人的说法，最近几周收益率下降并不是由于持续的巨大挤压，而是由于预期TSY供应将少于需求。</blockquote></p><p> So when the Treasury released itslatest refunding statement(whose highlights hit about 10 mins early after some newswire broke the embargo), battered TSY bears breathed a sigh of relief because the Treasury said that contrary growing expectations, it \"<b>does not anticipate making any changes to nominal coupon and FRN auction sizes over the next quarter</b>.\" Here is the proposed treasury issuance scheduled for Q3:</p><p><blockquote>因此，当财政部发布最新的退款声明时（在一些新闻专线打破禁运后，其亮点提前约10分钟发布），遭受重创的TSY空头松了一口气，因为财政部表示，与日益增长的预期相反，它“<b>预计下一季度名义息票和FRN拍卖规模不会发生任何变化</b>.”以下是计划于第三季度发行的拟议国债：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/38e4d7e4d0f23901ba21254476fb0640\" tg-width=\"674\" tg-height=\"923\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, in line with expectations, \"<b>continuing current issuance sizes and patterns may provide more borrowing capacity than is needed to address borrowing needs over the intermediate-to-long term</b>.\" As a result, the \"Treasury will continue to engage with a variety of market participants to better understand the supply and demand dynamics for existing securities,<b>with an expectation of announcing an initial set of auction size reductions as soon as the November refunding announcement</b>\" which is also in line with what most Primary Dealers had expected (among the 24 primary dealers in U.S. government securities, j<i>ust three expected smaller auctions during the August-to-October quarter, with many more seeing an announcement in November).</i>&nbsp; In other words,<b>shortly after the Fed's taper announcement at or just after Jackson Hole, the Treasury will follow up with an issuance cut of its own.</b></p><p><blockquote>不过，符合预期，”<b>继续目前的发行规模和模式可能会提供比满足中长期借款需求所需更多的借款能力</b>因此，“财政部将继续与各种市场参与者接触，以更好地了解现有证券的供需动态，<b>预计在11月退款公告发布后立即宣布初步削减拍卖规模</b>“这也符合大多数一级交易商的预期（在美国政府证券的24家一级交易商中，j<i>ust three预计8月至10月季度将进行规模较小的拍卖，还有更多拍卖将在11月发布公告）。</i>换句话说，<b>在美联储在杰克逊霍尔宣布缩减规模后不久或之后，财政部将跟进自己的减持。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c4ea04a7e2abe81b943385a9bdeab027\" tg-width=\"661\" tg-height=\"495\" width=\"100%\" height=\"auto\">So if no changes in coupon sizes, will Bill issuance at least shrink? You bet: as the Treasury added, \"seasonal or unexpected variations in borrowing needs over the next quarter is to be met by changes in bill auction sizes and Cash Management Bills (CMBs).\"&nbsp; Additionally, the Treasury will<b>end weekly issuance of 6-week CMBs later this month</b>:</p><p><blockquote>那么，如果息票规模没有变化，票据发行至少会萎缩吗？你打赌：正如财政部补充的那样，“下一季度借贷需求的季节性或意外变化将通过票据拍卖规模和现金管理票据（CMBs）的变化来满足。”此外，财政部将<b>本月晚些时候结束每周发行6周期CMBs</b>：</blockquote></p><p>   \"the amount of net new cash still being raised from coupon issuance will allow Treasury to continue gradual reductions in bills as a percent of Treasury debt outstanding, in a manner consistent with recommendations made by the Treasury Borrowing Advisory Committee (TBAC) at its November 2020 meeting.&nbsp; Accordingly,  <b>Treasury plans to further modify its regular cadence of CMBs.&nbsp; Treasury anticipates that weekly issuance of the 6-week CMBs will cease after settlement on August 19, whereas weekly issuance of the 17-week CMBs will continue at least through the end of October</b>.  Also of note, now that the US has triggered the debt ceiling extension measures which have an impact on how much cash the Treasury can hold at the current moment ($450BN), the Treasury said that it is unsure how long extraordinary measures put in place due to the debt ceiling will last:</p><p><blockquote>“仍从息票发行中筹集的净新现金金额将使财政部能够继续逐步减少票据占未偿国债的百分比，其方式与财政部借款咨询委员会（TBAC）在其2020年11月会议上提出的建议一致。因此，<b>财政部计划进一步调整CMBs的定期发行节奏。财政部预计，6周期CMBs的每周发行将在8月19日结算后停止，而17周期CMBs的每周发行将至少持续到10月底</b>同样值得注意的是，既然美国已经触发了债务上限延长措施，这将影响财政部目前可以持有多少现金（4500亿美元），财政部表示，不确定因债务上限而采取的非常措施将持续多久：</blockquote></p><p>   As Secretary Yellen recently outlined in a July 23 letter to Congress, the period of time that extraordinary measures may last is subject to considerable uncertainty due to a variety of factors, including the challenges of forecasting the payments and receipts of the U.S. government months into the future, exacerbated by the heightened uncertainty in payments and receipts related to the economic impact of the pandemic.  <b>Given this, Treasury is not able to currently provide a specific estimate of how long extraordinary measures will last.</b>  While it was of secondary importance, the Treasury also revealed the details of next week's auctions a/k/a the quarterly refunding offering, which&nbsp; was in line with expectations. Specifically, the Treasury will offer $126 billion of Treasuries to refund $58.6 billion of Treasury notes and bonds maturing on August 15, 2021.&nbsp;<b>This issuance will raise new cash of approximately $67.4 billion</b>. The securities are:</p><p><blockquote>正如耶伦部长最近在7月23日致国会的一封信中概述的那样，由于多种因素，非常措施可能持续的时间存在相当大的不确定性，包括预测美国政府未来几个月的付款和收入的挑战，与大流行的经济影响相关的付款和收入的不确定性加剧了这种情况。<b>有鉴于此，财政部目前无法提供非常措施将持续多长时间的具体估计。</b>虽然这是次要的，但财政部也透露了下周拍卖的细节，也就是季度退款发行，这符合预期。具体来说，财政部将提供1260亿美元的国债，以偿还2021年8月15日到期的586亿美元国债和债券。<b>本次发行将筹集约674亿美元新现金</b>该等证券为：</blockquote></p><p> <ul>  <li>A 3-year note in the amount of $58 billion, as expected</li>  <li>A 10-year note in the amount of $41 billion, as expected</li>  <li>A 30-year bond in the amount of $27 billion, as expected</li> </ul> Going back to the Treasury's coupon shrinkage plans, theMinutes of the latest Treasury Borrowing Advisory Committeerevealed that the committee reviewed a presentation presentation about potential adjustments to coupon auction sizes in the coming years,,,</p><p><blockquote><ul><li>正如预期的那样，金额为580亿美元的3年期票据</li><li>正如预期的那样，金额为410亿美元的10年期票据</li><li>正如预期的那样，金额为270亿美元的30年期债券</li></ul>回到财政部的息票收缩计划，最新的财政部借款咨询委员会会议纪要显示，该委员会审查了一份关于未来几年息票拍卖规模潜在调整的演示文稿，</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/0e1a37f22f9f748507c3370311dece35\" tg-width=\"1026\" tg-height=\"780\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> ... based on the presenting member’s assessment that the current auction schedule will likely leave Treasury significantly overfunded.</p><p><blockquote>...根据出席会议的成员的评估，目前的拍卖时间表可能会使财政部资金严重过剩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/54a5416fc7b72a56cb803a006a63256f\" tg-width=\"1022\" tg-height=\"782\" width=\"100%\" height=\"auto\">It noted that several significant financing uncertainties were also highlighted by the presenting member that will require a flexible approach within the regular and predictable paradigm.&nbsp; The resulting share of bills outstanding, the impact on the maturity profile, and the relative persistent supply and demand dynamics at each maturity point were then discussed for each issuance size scenario.</p><p><blockquote>它指出，发言的成员还强调了几个重大的融资不确定性，这些不确定性需要在常规和可预测的范式内采取灵活的方法。然后，针对每种发行规模情景，讨论了由此产生的未偿票据份额、对到期日状况的影响以及每个到期日相对持续的供需动态。</blockquote></p><p> <b>The presenting member concluded by recommending that Treasury begin to move towards a scenario with issuance cuts across the nominal curve, but with relatively larger reductions in the 7-year and 20-year tenors, offset by smaller reductions to the 5-year, 10-year, and 30-year tenors.</b></p><p><blockquote><b>发言成员最后建议财政部开始走向名义曲线上的发行量削减情景，但7年期和20年期国债的减少幅度相对较大，被5年期、10年期国债的较小减少所抵消。年和30年期限。</b></blockquote></p><p> The Committee then turned to its financing recommendation for the upcoming quarters.<b>The Committee recommended that Treasury begin to reduce nominal coupon auction sizes at the November 2021 quarterly refunding and attempt to target a bill share of total marketable debt outstanding within the Committee’s past recommendation of 15 to 20 percent</b>.&nbsp; However, the Committee emphasized the current level of fiscal uncertainty and the need to remain flexible if borrowing needs were to change materially.</p><p><blockquote>委员会随后转向未来几个季度的融资建议。<b>委员会建议财政部在2021年11月季度再融资时开始减少名义息票拍卖规模，并尝试将票据占未偿可销售债务总额的比例设定在委员会过去建议的15至20%以内</b>然而，委员会强调，当前的财政不确定性水平，如果借款需求发生重大变化，需要保持灵活性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8a7f025722c8e8f65c79b40a66f977bc\" tg-width=\"1026\" tg-height=\"770\" width=\"100%\" height=\"auto\">After a discussion, the Committee further recommended that Treasury proceed in November with modestly larger reductions in the 7-year note and 20-year bond.&nbsp; Finally, the Committee recommended that Treasury continue to increase TIPS auction sizes at a pace consistent with the increase in gross issuance for CY2021 that was announced at the November 2020 quarterly refunding.&nbsp; The Committee also reaffirmed its support for Treasury to issue a floating rate note indexed to the Secured Overnight Financing Rate.</p><p><blockquote>经过讨论，委员会进一步建议财政部在11月继续适度大幅削减7年期国债和20年期债券。最后，委员会建议财政部继续增加TIPS拍卖规模，其速度与2020年11月季度再融资中宣布的2021年总发行量的增长保持一致。委员会还重申支持财政部发行与担保隔夜融资利率挂钩的浮动利率票据。</blockquote></p><p> Tangentially, and perhaps linked to the recent discussions of tether, TBAC reviewed a presentation on regulatory reform options for the money market mutual fund (MMF) industry, given the stress experienced by certain types of funds during March 2020.&nbsp; The presenting member noted the vulnerabilities that exist for primmoe MMFs, highlighting common themes in several recent episodes of heightened outflows. During these events, the outflows from prime MMFs have tended to result in similarly sized and simultaneous inflows into government MMFs. The presenting member concluded by arguing that optimal reforms to address the vulnerabilities among prime MMFs should balance allowing these funds to offer attractive yields under normal market conditions while ensuring stability during periods of market stress.</p><p><blockquote>鉴于某些类型的基金在2020年3月期间经历的压力，TBAC审查了一份关于货币市场共同基金（MMF）行业监管改革方案的介绍，这可能与泰达币最近的讨论有关。发言成员指出了Primmoe MMF存在的脆弱性，强调了最近几次资金外流加剧的共同主题。在这些事件中，主要货币市场基金的资金外流往往会导致规模相似、同时流入政府货币市场基金。发言成员最后认为，解决主要货币市场基金脆弱性的最佳改革应平衡允许这些基金在正常市场条件下提供有吸引力的收益率，同时确保市场压力时期的稳定性。</blockquote></p><p> As Bloomberg notes, if the Treasury does proceed with a reduction in the November-to-January period,<b>it would be the first in more than five years</b>. Issuance had been climbing for years, thanks to surging federal budget deficits in the wake of former President&nbsp;Donald Trump’s tax cuts and, later, the emergency spending caused by the pandemic.</p><p><blockquote>正如彭博社指出的那样，如果财政部确实在11月至1月期间继续削减开支，<b>这将是五年多来的第一次</b>由于前总统唐纳德·特朗普减税后联邦预算赤字激增，以及后来疫情造成的紧急支出，发行量多年来一直在攀升。</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>Treasury To Start Reducing Bond Auction Sizes As Soon As November<blockquote>财政部最快将于11月开始缩减债券拍卖规模</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\">\nTreasury To Start Reducing Bond Auction Sizes As Soon As November<blockquote>财政部最快将于11月开始缩减债券拍卖规模</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-04 21:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Heading into today's quarterly refunding announcement, the bond market was on edge over the (low) possibility widely discussed on sellside desks, that the Treasury could cut trim coupon auction sizes in the next few months to coincide with the Fed's tapering as the Treasury's funding needs have gradually emerged to be less than expected thanks to higher than expected tax revenues. In fact, according to some the drop in yields in recent weeks has been not due to the ongoing monster squeeze but due to expectations that there will be less TSY supply than demand.</p><p><blockquote>在今天的季度再融资公告发布之前，债券市场对卖方广泛讨论的（低）可能性感到紧张，即财政部可能在未来几个月内削减息票拍卖规模，以配合美联储的缩减规模，因为财政部的资金需求由于税收收入高于预期，需求逐渐低于预期。事实上，根据一些人的说法，最近几周收益率下降并不是由于持续的巨大挤压，而是由于预期TSY供应将少于需求。</blockquote></p><p> So when the Treasury released itslatest refunding statement(whose highlights hit about 10 mins early after some newswire broke the embargo), battered TSY bears breathed a sigh of relief because the Treasury said that contrary growing expectations, it \"<b>does not anticipate making any changes to nominal coupon and FRN auction sizes over the next quarter</b>.\" Here is the proposed treasury issuance scheduled for Q3:</p><p><blockquote>因此，当财政部发布最新的退款声明时（在一些新闻专线打破禁运后，其亮点提前约10分钟发布），遭受重创的TSY空头松了一口气，因为财政部表示，与日益增长的预期相反，它“<b>预计下一季度名义息票和FRN拍卖规模不会发生任何变化</b>.”以下是计划于第三季度发行的拟议国债：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/38e4d7e4d0f23901ba21254476fb0640\" tg-width=\"674\" tg-height=\"923\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, in line with expectations, \"<b>continuing current issuance sizes and patterns may provide more borrowing capacity than is needed to address borrowing needs over the intermediate-to-long term</b>.\" As a result, the \"Treasury will continue to engage with a variety of market participants to better understand the supply and demand dynamics for existing securities,<b>with an expectation of announcing an initial set of auction size reductions as soon as the November refunding announcement</b>\" which is also in line with what most Primary Dealers had expected (among the 24 primary dealers in U.S. government securities, j<i>ust three expected smaller auctions during the August-to-October quarter, with many more seeing an announcement in November).</i>&nbsp; In other words,<b>shortly after the Fed's taper announcement at or just after Jackson Hole, the Treasury will follow up with an issuance cut of its own.</b></p><p><blockquote>不过，符合预期，”<b>继续目前的发行规模和模式可能会提供比满足中长期借款需求所需更多的借款能力</b>因此，“财政部将继续与各种市场参与者接触，以更好地了解现有证券的供需动态，<b>预计在11月退款公告发布后立即宣布初步削减拍卖规模</b>“这也符合大多数一级交易商的预期（在美国政府证券的24家一级交易商中，j<i>ust three预计8月至10月季度将进行规模较小的拍卖，还有更多拍卖将在11月发布公告）。</i>换句话说，<b>在美联储在杰克逊霍尔宣布缩减规模后不久或之后，财政部将跟进自己的减持。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c4ea04a7e2abe81b943385a9bdeab027\" tg-width=\"661\" tg-height=\"495\" width=\"100%\" height=\"auto\">So if no changes in coupon sizes, will Bill issuance at least shrink? You bet: as the Treasury added, \"seasonal or unexpected variations in borrowing needs over the next quarter is to be met by changes in bill auction sizes and Cash Management Bills (CMBs).\"&nbsp; Additionally, the Treasury will<b>end weekly issuance of 6-week CMBs later this month</b>:</p><p><blockquote>那么，如果息票规模没有变化，票据发行至少会萎缩吗？你打赌：正如财政部补充的那样，“下一季度借贷需求的季节性或意外变化将通过票据拍卖规模和现金管理票据（CMBs）的变化来满足。”此外，财政部将<b>本月晚些时候结束每周发行6周期CMBs</b>：</blockquote></p><p>   \"the amount of net new cash still being raised from coupon issuance will allow Treasury to continue gradual reductions in bills as a percent of Treasury debt outstanding, in a manner consistent with recommendations made by the Treasury Borrowing Advisory Committee (TBAC) at its November 2020 meeting.&nbsp; Accordingly,  <b>Treasury plans to further modify its regular cadence of CMBs.&nbsp; Treasury anticipates that weekly issuance of the 6-week CMBs will cease after settlement on August 19, whereas weekly issuance of the 17-week CMBs will continue at least through the end of October</b>.  Also of note, now that the US has triggered the debt ceiling extension measures which have an impact on how much cash the Treasury can hold at the current moment ($450BN), the Treasury said that it is unsure how long extraordinary measures put in place due to the debt ceiling will last:</p><p><blockquote>“仍从息票发行中筹集的净新现金金额将使财政部能够继续逐步减少票据占未偿国债的百分比，其方式与财政部借款咨询委员会（TBAC）在其2020年11月会议上提出的建议一致。因此，<b>财政部计划进一步调整CMBs的定期发行节奏。财政部预计，6周期CMBs的每周发行将在8月19日结算后停止，而17周期CMBs的每周发行将至少持续到10月底</b>同样值得注意的是，既然美国已经触发了债务上限延长措施，这将影响财政部目前可以持有多少现金（4500亿美元），财政部表示，不确定因债务上限而采取的非常措施将持续多久：</blockquote></p><p>   As Secretary Yellen recently outlined in a July 23 letter to Congress, the period of time that extraordinary measures may last is subject to considerable uncertainty due to a variety of factors, including the challenges of forecasting the payments and receipts of the U.S. government months into the future, exacerbated by the heightened uncertainty in payments and receipts related to the economic impact of the pandemic.  <b>Given this, Treasury is not able to currently provide a specific estimate of how long extraordinary measures will last.</b>  While it was of secondary importance, the Treasury also revealed the details of next week's auctions a/k/a the quarterly refunding offering, which&nbsp; was in line with expectations. Specifically, the Treasury will offer $126 billion of Treasuries to refund $58.6 billion of Treasury notes and bonds maturing on August 15, 2021.&nbsp;<b>This issuance will raise new cash of approximately $67.4 billion</b>. The securities are:</p><p><blockquote>正如耶伦部长最近在7月23日致国会的一封信中概述的那样，由于多种因素，非常措施可能持续的时间存在相当大的不确定性，包括预测美国政府未来几个月的付款和收入的挑战，与大流行的经济影响相关的付款和收入的不确定性加剧了这种情况。<b>有鉴于此，财政部目前无法提供非常措施将持续多长时间的具体估计。</b>虽然这是次要的，但财政部也透露了下周拍卖的细节，也就是季度退款发行，这符合预期。具体来说，财政部将提供1260亿美元的国债，以偿还2021年8月15日到期的586亿美元国债和债券。<b>本次发行将筹集约674亿美元新现金</b>该等证券为：</blockquote></p><p> <ul>  <li>A 3-year note in the amount of $58 billion, as expected</li>  <li>A 10-year note in the amount of $41 billion, as expected</li>  <li>A 30-year bond in the amount of $27 billion, as expected</li> </ul> Going back to the Treasury's coupon shrinkage plans, theMinutes of the latest Treasury Borrowing Advisory Committeerevealed that the committee reviewed a presentation presentation about potential adjustments to coupon auction sizes in the coming years,,,</p><p><blockquote><ul><li>正如预期的那样，金额为580亿美元的3年期票据</li><li>正如预期的那样，金额为410亿美元的10年期票据</li><li>正如预期的那样，金额为270亿美元的30年期债券</li></ul>回到财政部的息票收缩计划，最新的财政部借款咨询委员会会议纪要显示，该委员会审查了一份关于未来几年息票拍卖规模潜在调整的演示文稿，</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/0e1a37f22f9f748507c3370311dece35\" tg-width=\"1026\" tg-height=\"780\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> ... based on the presenting member’s assessment that the current auction schedule will likely leave Treasury significantly overfunded.</p><p><blockquote>...根据出席会议的成员的评估，目前的拍卖时间表可能会使财政部资金严重过剩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/54a5416fc7b72a56cb803a006a63256f\" tg-width=\"1022\" tg-height=\"782\" width=\"100%\" height=\"auto\">It noted that several significant financing uncertainties were also highlighted by the presenting member that will require a flexible approach within the regular and predictable paradigm.&nbsp; The resulting share of bills outstanding, the impact on the maturity profile, and the relative persistent supply and demand dynamics at each maturity point were then discussed for each issuance size scenario.</p><p><blockquote>它指出，发言的成员还强调了几个重大的融资不确定性，这些不确定性需要在常规和可预测的范式内采取灵活的方法。然后，针对每种发行规模情景，讨论了由此产生的未偿票据份额、对到期日状况的影响以及每个到期日相对持续的供需动态。</blockquote></p><p> <b>The presenting member concluded by recommending that Treasury begin to move towards a scenario with issuance cuts across the nominal curve, but with relatively larger reductions in the 7-year and 20-year tenors, offset by smaller reductions to the 5-year, 10-year, and 30-year tenors.</b></p><p><blockquote><b>发言成员最后建议财政部开始走向名义曲线上的发行量削减情景，但7年期和20年期国债的减少幅度相对较大，被5年期、10年期国债的较小减少所抵消。年和30年期限。</b></blockquote></p><p> The Committee then turned to its financing recommendation for the upcoming quarters.<b>The Committee recommended that Treasury begin to reduce nominal coupon auction sizes at the November 2021 quarterly refunding and attempt to target a bill share of total marketable debt outstanding within the Committee’s past recommendation of 15 to 20 percent</b>.&nbsp; However, the Committee emphasized the current level of fiscal uncertainty and the need to remain flexible if borrowing needs were to change materially.</p><p><blockquote>委员会随后转向未来几个季度的融资建议。<b>委员会建议财政部在2021年11月季度再融资时开始减少名义息票拍卖规模，并尝试将票据占未偿可销售债务总额的比例设定在委员会过去建议的15至20%以内</b>然而，委员会强调，当前的财政不确定性水平，如果借款需求发生重大变化，需要保持灵活性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8a7f025722c8e8f65c79b40a66f977bc\" tg-width=\"1026\" tg-height=\"770\" width=\"100%\" height=\"auto\">After a discussion, the Committee further recommended that Treasury proceed in November with modestly larger reductions in the 7-year note and 20-year bond.&nbsp; Finally, the Committee recommended that Treasury continue to increase TIPS auction sizes at a pace consistent with the increase in gross issuance for CY2021 that was announced at the November 2020 quarterly refunding.&nbsp; The Committee also reaffirmed its support for Treasury to issue a floating rate note indexed to the Secured Overnight Financing Rate.</p><p><blockquote>经过讨论，委员会进一步建议财政部在11月继续适度大幅削减7年期国债和20年期债券。最后，委员会建议财政部继续增加TIPS拍卖规模，其速度与2020年11月季度再融资中宣布的2021年总发行量的增长保持一致。委员会还重申支持财政部发行与担保隔夜融资利率挂钩的浮动利率票据。</blockquote></p><p> Tangentially, and perhaps linked to the recent discussions of tether, TBAC reviewed a presentation on regulatory reform options for the money market mutual fund (MMF) industry, given the stress experienced by certain types of funds during March 2020.&nbsp; The presenting member noted the vulnerabilities that exist for primmoe MMFs, highlighting common themes in several recent episodes of heightened outflows. During these events, the outflows from prime MMFs have tended to result in similarly sized and simultaneous inflows into government MMFs. The presenting member concluded by arguing that optimal reforms to address the vulnerabilities among prime MMFs should balance allowing these funds to offer attractive yields under normal market conditions while ensuring stability during periods of market stress.</p><p><blockquote>鉴于某些类型的基金在2020年3月期间经历的压力，TBAC审查了一份关于货币市场共同基金（MMF）行业监管改革方案的介绍，这可能与泰达币最近的讨论有关。发言成员指出了Primmoe MMF存在的脆弱性，强调了最近几次资金外流加剧的共同主题。在这些事件中，主要货币市场基金的资金外流往往会导致规模相似、同时流入政府货币市场基金。发言成员最后认为，解决主要货币市场基金脆弱性的最佳改革应平衡允许这些基金在正常市场条件下提供有吸引力的收益率，同时确保市场压力时期的稳定性。</blockquote></p><p> As Bloomberg notes, if the Treasury does proceed with a reduction in the November-to-January period,<b>it would be the first in more than five years</b>. Issuance had been climbing for years, thanks to surging federal budget deficits in the wake of former President&nbsp;Donald Trump’s tax cuts and, later, the emergency spending caused by the pandemic.</p><p><blockquote>正如彭博社指出的那样，如果财政部确实在11月至1月期间继续削减开支，<b>这将是五年多来的第一次</b>由于前总统唐纳德·特朗普减税后联邦预算赤字激增，以及后来疫情造成的紧急支出，发行量多年来一直在攀升。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/treasury-start-reducing-bond-auction-sizes-soon-november\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/treasury-start-reducing-bond-auction-sizes-soon-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106185106","content_text":"Heading into today's quarterly refunding announcement, the bond market was on edge over the (low) possibility widely discussed on sellside desks, that the Treasury could cut trim coupon auction sizes in the next few months to coincide with the Fed's tapering as the Treasury's funding needs have gradually emerged to be less than expected thanks to higher than expected tax revenues. In fact, according to some the drop in yields in recent weeks has been not due to the ongoing monster squeeze but due to expectations that there will be less TSY supply than demand.\nSo when the Treasury released itslatest refunding statement(whose highlights hit about 10 mins early after some newswire broke the embargo), battered TSY bears breathed a sigh of relief because the Treasury said that contrary growing expectations, it \"does not anticipate making any changes to nominal coupon and FRN auction sizes over the next quarter.\" Here is the proposed treasury issuance scheduled for Q3:\n\nHowever, in line with expectations, \"continuing current issuance sizes and patterns may provide more borrowing capacity than is needed to address borrowing needs over the intermediate-to-long term.\" As a result, the \"Treasury will continue to engage with a variety of market participants to better understand the supply and demand dynamics for existing securities,with an expectation of announcing an initial set of auction size reductions as soon as the November refunding announcement\" which is also in line with what most Primary Dealers had expected (among the 24 primary dealers in U.S. government securities, just three expected smaller auctions during the August-to-October quarter, with many more seeing an announcement in November).  In other words,shortly after the Fed's taper announcement at or just after Jackson Hole, the Treasury will follow up with an issuance cut of its own.\nSo if no changes in coupon sizes, will Bill issuance at least shrink? You bet: as the Treasury added, \"seasonal or unexpected variations in borrowing needs over the next quarter is to be met by changes in bill auction sizes and Cash Management Bills (CMBs).\"  Additionally, the Treasury willend weekly issuance of 6-week CMBs later this month:\n\n \"the amount of net new cash still being raised from coupon issuance will allow Treasury to continue gradual reductions in bills as a percent of Treasury debt outstanding, in a manner consistent with recommendations made by the Treasury Borrowing Advisory Committee (TBAC) at its November 2020 meeting.  Accordingly,\n Treasury plans to further modify its regular cadence of CMBs.  Treasury anticipates that weekly issuance of the 6-week CMBs will cease after settlement on August 19, whereas weekly issuance of the 17-week CMBs will continue at least through the end of October.\n\nAlso of note, now that the US has triggered the debt ceiling extension measures which have an impact on how much cash the Treasury can hold at the current moment ($450BN), the Treasury said that it is unsure how long extraordinary measures put in place due to the debt ceiling will last:\n\n As Secretary Yellen recently outlined in a July 23 letter to Congress, the period of time that extraordinary measures may last is subject to considerable uncertainty due to a variety of factors, including the challenges of forecasting the payments and receipts of the U.S. government months into the future, exacerbated by the heightened uncertainty in payments and receipts related to the economic impact of the pandemic.\n Given this, Treasury is not able to currently provide a specific estimate of how long extraordinary measures will last.\n\nWhile it was of secondary importance, the Treasury also revealed the details of next week's auctions a/k/a the quarterly refunding offering, which  was in line with expectations. Specifically, the Treasury will offer $126 billion of Treasuries to refund $58.6 billion of Treasury notes and bonds maturing on August 15, 2021. This issuance will raise new cash of approximately $67.4 billion. The securities are:\n\nA 3-year note in the amount of $58 billion, as expected\nA 10-year note in the amount of $41 billion, as expected\nA 30-year bond in the amount of $27 billion, as expected\n\nGoing back to the Treasury's coupon shrinkage plans, theMinutes of the latest Treasury Borrowing Advisory Committeerevealed that the committee reviewed a presentation presentation about potential adjustments to coupon auction sizes in the coming years,,,\n\n... based on the presenting member’s assessment that the current auction schedule will likely leave Treasury significantly overfunded.\nIt noted that several significant financing uncertainties were also highlighted by the presenting member that will require a flexible approach within the regular and predictable paradigm.  The resulting share of bills outstanding, the impact on the maturity profile, and the relative persistent supply and demand dynamics at each maturity point were then discussed for each issuance size scenario.\nThe presenting member concluded by recommending that Treasury begin to move towards a scenario with issuance cuts across the nominal curve, but with relatively larger reductions in the 7-year and 20-year tenors, offset by smaller reductions to the 5-year, 10-year, and 30-year tenors.\nThe Committee then turned to its financing recommendation for the upcoming quarters.The Committee recommended that Treasury begin to reduce nominal coupon auction sizes at the November 2021 quarterly refunding and attempt to target a bill share of total marketable debt outstanding within the Committee’s past recommendation of 15 to 20 percent.  However, the Committee emphasized the current level of fiscal uncertainty and the need to remain flexible if borrowing needs were to change materially.\nAfter a discussion, the Committee further recommended that Treasury proceed in November with modestly larger reductions in the 7-year note and 20-year bond.  Finally, the Committee recommended that Treasury continue to increase TIPS auction sizes at a pace consistent with the increase in gross issuance for CY2021 that was announced at the November 2020 quarterly refunding.  The Committee also reaffirmed its support for Treasury to issue a floating rate note indexed to the Secured Overnight Financing Rate.\nTangentially, and perhaps linked to the recent discussions of tether, TBAC reviewed a presentation on regulatory reform options for the money market mutual fund (MMF) industry, given the stress experienced by certain types of funds during March 2020.  The presenting member noted the vulnerabilities that exist for primmoe MMFs, highlighting common themes in several recent episodes of heightened outflows. During these events, the outflows from prime MMFs have tended to result in similarly sized and simultaneous inflows into government MMFs. The presenting member concluded by arguing that optimal reforms to address the vulnerabilities among prime MMFs should balance allowing these funds to offer attractive yields under normal market conditions while ensuring stability during periods of market stress.\nAs Bloomberg notes, if the Treasury does proceed with a reduction in the November-to-January period,it would be the first in more than five years. Issuance had been climbing for years, thanks to surging federal budget deficits in the wake of former President Donald Trump’s tax cuts and, later, the emergency spending caused by the pandemic.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895363276,"gmtCreate":1628724974395,"gmtModify":1633744891659,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895363276","repostId":"1106699544","repostType":4,"repost":{"id":"1106699544","kind":"news","pubTimestamp":1628723648,"share":"https://www.laohu8.com/m/news/1106699544?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:14","market":"us","language":"en","title":"Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106699544","media":"The Street","summary":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio  -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev","content":"<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>Bin表示：“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链产能。”“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</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 Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-08-12 07:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>Bin表示：“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链产能。”“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106699544","content_text":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n\nNio (NIO) -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.\nShares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.\nRevenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.Vehicle sales came to $1.23 billion, up 127% from a year ago.\nThe company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.\nNiodelivered 7,931 vehicles in July, up 124.5% year-over-year, but down 1.9% from 8,083 in June.For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.\nRevenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago. FactSet is calling for revenue of $1.32 billion.\nWilliam Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:\n\"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"\nSteven Wei Feng, Nio's chief financial officer, said vehicle margin and gross margin reached 20.3% and 18.6% respectively.\nThe increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.\nLast month, Nio saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899175980,"gmtCreate":1628171633640,"gmtModify":1633752960280,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899175980","repostId":"1162240698","repostType":4,"repost":{"id":"1162240698","kind":"news","pubTimestamp":1628163800,"share":"https://www.laohu8.com/m/news/1162240698?lang=zh_CN&edition=full","pubTime":"2021-08-05 19:43","market":"us","language":"en","title":"10 stocks that have what it takes to be a ‘perfect’ company<blockquote>10只具备成为“完美”公司所需条件的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162240698","media":"MarketWatch","summary":"Strong leadership, smart acquisitions, and a sense of place and purpose are part of a winning combin","content":"<p>  <b>Strong leadership, smart acquisitions, and a sense of place and purpose are part of a winning combination.</b>  My recent column describing&nbsp;the “perfect company”&nbsp;elicited several nominees from readers. They’re worth sharing and may even provide the basis for constructing a portfolio.</p><p><blockquote><b>强有力的领导、明智的收购以及地方感和目标感是成功组合的一部分。</b>我最近描述“完美公司”的专栏获得了读者的几个提名。它们值得分享，甚至可以为构建投资组合提供基础。</blockquote></p><p> As a recap, a colleague once defined the perfect company as requiring no incremental capital, yielding functionally infinite returns, and maintaining a long-term view. The perfect company’s leader must excel at allocating capital, chiefly through serial acquisitions of businesses thereafter managed in a decentralized structure based on trust.</p><p><blockquote>回顾一下，一位同事曾经将完美公司定义为不需要增量资本、产生功能性无限回报并保持长期视野。完美公司的领导者必须擅长分配资本，主要是通过一系列收购企业，然后在基于信任的分散结构中进行管理。</blockquote></p><p> Acknowledging that such companies are rare, readers suggested numerous examples. These 10, listed below in alphabetical order, were mentioned multiple times:</p><p><blockquote>读者承认这样的公司很少见，并提出了许多例子。以下按字母顺序列出的这10个被多次提及：</blockquote></p><p> <ul>  <li>1. <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> ADBE,+0.71%</li>  <li>2. <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> (Google) GOOGL,-0.37%</li>  <li>3. <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> BRK.A,-0.88%&nbsp;BRK.B,-1.07%</li>  <li>4. <a href=\"https://laohu8.com/S/STZ\">Constellation</a> Brands STZ,-0.88%</li>  <li>5. <a href=\"https://laohu8.com/S/DHR\">Danaher</a> DHR,+1.09%</li>  <li>6. Fairfax Financial Holdings FFH,+4.70%</li>  <li>7. <a href=\"https://laohu8.com/S/ITW\">Illinois Tool</a> Works ITW,-1.31%</li>  <li>8. Johnson &amp; Johnson JNJ,-0.59%</li>  <li>9. <a href=\"https://laohu8.com/S/MKL\">Markel</a> MKL,+0.30%</li>  <li>10. <a href=\"https://laohu8.com/S/ROP\">Roper</a> Technologies ROP,-0.44%</li> </ul> These companies operate in industries generally requiring zero or modest incremental capital — insurance, sciences, technology and software.&nbsp; That meets the first hurdle.</p><p><blockquote><ul><li>1.<a href=\"https://laohu8.com/S/ADBE\">土坯</a>ADBE,+0.71%</li><li>2.<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>（谷歌）GOOGL，-0.37%</li><li>3.<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦</a>BRK.A,-0.88%BRK.B,-1.07%</li><li>4.<a href=\"https://laohu8.com/S/STZ\">星座</a>品牌STZ,-0.88%</li><li>5.<a href=\"https://laohu8.com/S/DHR\">丹纳赫</a>DHR，+1.09%</li><li>6.费尔法克斯金融控股FFH，+4.70%</li><li>7.<a href=\"https://laohu8.com/S/ITW\">伊利诺伊工具</a>工程ITW,-1.31%</li><li>8.强生JNJ，-0.59%</li><li>9.<a href=\"https://laohu8.com/S/MKL\">马克尔</a>MKL,+0.30%</li><li>10.<a href=\"https://laohu8.com/S/ROP\">罗珀</a>科技ROP,-0.44%</li></ul>这些公司所处的行业通常不需要或只需要适度的增量资本——保险、科学、技术和软件。这就遇到了第一个障碍。</blockquote></p><p> Their leadership is strong, often iconic, and certainly long-term. Berkshire’s Warren Buffett, <a href=\"https://laohu8.com/S/STZ.B\">Constellation</a>’s Mark Leonard, and Fairfax’s Prem Watsa have personified their companies for decades, and all developed a deep bench of like-minded managers.&nbsp; A succession of impressive leaders has run all the others, such as the Rales brothers at Danaher and the Markel family at their eponymous company.</p><p><blockquote>他们的领导力是强有力的，通常是标志性的，当然也是长期的。伯克希尔的沃伦·巴菲特，<a href=\"https://laohu8.com/S/STZ.B\">星座</a>公司的马克·伦纳德(Mark Leonard)和费尔法克斯(Fairfax)的普雷姆·瓦萨(Prem Watsa)几十年来一直是他们公司的化身，并且都培养了一大批志同道合的经理人。一系列令人印象深刻的领导者掌管着所有其他公司，例如丹纳赫(Danaher)的罗尔斯兄弟(Rales brothers)和同名公司的马克尔(Markel)家族。</blockquote></p><p> Acquisition discipline is evidenced by high returns on capital deployed, the companies’ opportunistic character, and their relative obscurity.&nbsp; As for the latter, only a few of the thousands of acquisitions made by these 10 companies are marquee names on the order of Adobe’s Photoshop, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>’s YouTube, or Berkshire’s Dairy Queen.&nbsp; Most people haven’t heard of the majority of the businesses these companies have acquired.&nbsp; ISCAR, Pall, Quipp, Vertafore anyone?</p><p><blockquote>高资本回报率、公司的机会主义特征及其相对默默无闻证明了收购纪律。至于后者，这10家公司进行的数千次收购中只有少数是与Adobe的Photoshop齐名的大牌，<a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>YouTube，或者伯克希尔的乳品皇后。大多数人没有听说过这些公司收购的大部分业务。伊斯卡、颇尔、奎普、维塔福尔有人吗？</blockquote></p><p> Acquisition frequency and scale vary. Constellation, for example, has made hundreds of small acquisitions while Illinois Tool Works has made perhaps 1,000. Adobe, Danaher, Fairfax, and Markel have made dozens or scores of purchases, some of considerable size. The others are all over the map in number and sizes. One thing these investors have in common is that they wait for their pitch.</p><p><blockquote>采集频率和规模各不相同。例如，Constellation已经进行了数百次小型收购，而Illinois Tool Works则进行了大约1,000次收购。Adobe、Danaher、Fairfax和Markel已经进行了数十次或数十次收购，其中一些规模相当大。其他的在数量和大小上遍布地图。这些投资者的一个共同点是他们等待他们的推销。</blockquote></p><p> All of these companies are organized along decentralized lines. Headquarters delegates substantial autonomy to the heads of the various businesses. Trust permeates their cultures.</p><p><blockquote>所有这些公司都是按照分散的路线组织的。总部将相当大的自主权授予各业务负责人。信任渗透在他们的文化中。</blockquote></p><p> The data back up the impressions. For instance, these companies repeatedly lead the pack in rankings of attributes of the perfect company, such as&nbsp;capital allocation prowess&nbsp;and&nbsp;decentralized trust-based cultures.</p><p><blockquote>数据支持了印象。例如，这些公司在完美公司的属性排名中多次领先，例如资本配置能力和基于分散信任的文化。</blockquote></p><p> They are also notable for the&nbsp;longevity of their leadership&nbsp;and insider ownership of the stock (especially by directors, suggesting they “get” the perfect company).</p><p><blockquote>他们还因其长期的领导力和股票的内部所有权（尤其是董事，这表明他们“得到”了完美的公司）而闻名。</blockquote></p><p> Not coincidentally, all 10 companies&nbsp;rank high in attracting&nbsp;long-term focused (“quality”) shareholders. They also rank high in the caliber of their&nbsp;shareholder communications — a logical add-on of the perfect company from the shareholders’ viewpoint.</p><p><blockquote>并非巧合的是，所有10家公司在吸引长期关注（“优质”）股东方面都排名靠前。他们在股东沟通方面的水平也很高——从股东的角度来看，这是完美公司的合乎逻辑的补充。</blockquote></p><p> In short, readers have helpfully identified “perfect companies” in the sense my colleague described.&nbsp; Whether these companies are perfect investments depends on their prevailing stock price.&nbsp; But they certainly warrant a close look.</p><p><blockquote>简而言之，读者在我的同事描述的意义上识别“完美公司”是很有帮助的。这些公司是否是完美的投资取决于它们当时的股价。但它们确实值得仔细观察。</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>10 stocks that have what it takes to be a ‘perfect’ company<blockquote>10只具备成为“完美”公司所需条件的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 stocks that have what it takes to be a ‘perfect’ company<blockquote>10只具备成为“完美”公司所需条件的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-05 19:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Strong leadership, smart acquisitions, and a sense of place and purpose are part of a winning combination.</b>  My recent column describing&nbsp;the “perfect company”&nbsp;elicited several nominees from readers. They’re worth sharing and may even provide the basis for constructing a portfolio.</p><p><blockquote><b>强有力的领导、明智的收购以及地方感和目标感是成功组合的一部分。</b>我最近描述“完美公司”的专栏获得了读者的几个提名。它们值得分享，甚至可以为构建投资组合提供基础。</blockquote></p><p> As a recap, a colleague once defined the perfect company as requiring no incremental capital, yielding functionally infinite returns, and maintaining a long-term view. The perfect company’s leader must excel at allocating capital, chiefly through serial acquisitions of businesses thereafter managed in a decentralized structure based on trust.</p><p><blockquote>回顾一下，一位同事曾经将完美公司定义为不需要增量资本、产生功能性无限回报并保持长期视野。完美公司的领导者必须擅长分配资本，主要是通过一系列收购企业，然后在基于信任的分散结构中进行管理。</blockquote></p><p> Acknowledging that such companies are rare, readers suggested numerous examples. These 10, listed below in alphabetical order, were mentioned multiple times:</p><p><blockquote>读者承认这样的公司很少见，并提出了许多例子。以下按字母顺序列出的这10个被多次提及：</blockquote></p><p> <ul>  <li>1. <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> ADBE,+0.71%</li>  <li>2. <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> (Google) GOOGL,-0.37%</li>  <li>3. <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> BRK.A,-0.88%&nbsp;BRK.B,-1.07%</li>  <li>4. <a href=\"https://laohu8.com/S/STZ\">Constellation</a> Brands STZ,-0.88%</li>  <li>5. <a href=\"https://laohu8.com/S/DHR\">Danaher</a> DHR,+1.09%</li>  <li>6. Fairfax Financial Holdings FFH,+4.70%</li>  <li>7. <a href=\"https://laohu8.com/S/ITW\">Illinois Tool</a> Works ITW,-1.31%</li>  <li>8. Johnson &amp; Johnson JNJ,-0.59%</li>  <li>9. <a href=\"https://laohu8.com/S/MKL\">Markel</a> MKL,+0.30%</li>  <li>10. <a href=\"https://laohu8.com/S/ROP\">Roper</a> Technologies ROP,-0.44%</li> </ul> These companies operate in industries generally requiring zero or modest incremental capital — insurance, sciences, technology and software.&nbsp; That meets the first hurdle.</p><p><blockquote><ul><li>1.<a href=\"https://laohu8.com/S/ADBE\">土坯</a>ADBE,+0.71%</li><li>2.<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>（谷歌）GOOGL，-0.37%</li><li>3.<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦</a>BRK.A,-0.88%BRK.B,-1.07%</li><li>4.<a href=\"https://laohu8.com/S/STZ\">星座</a>品牌STZ,-0.88%</li><li>5.<a href=\"https://laohu8.com/S/DHR\">丹纳赫</a>DHR，+1.09%</li><li>6.费尔法克斯金融控股FFH，+4.70%</li><li>7.<a href=\"https://laohu8.com/S/ITW\">伊利诺伊工具</a>工程ITW,-1.31%</li><li>8.强生JNJ，-0.59%</li><li>9.<a href=\"https://laohu8.com/S/MKL\">马克尔</a>MKL,+0.30%</li><li>10.<a href=\"https://laohu8.com/S/ROP\">罗珀</a>科技ROP,-0.44%</li></ul>这些公司所处的行业通常不需要或只需要适度的增量资本——保险、科学、技术和软件。这就遇到了第一个障碍。</blockquote></p><p> Their leadership is strong, often iconic, and certainly long-term. Berkshire’s Warren Buffett, <a href=\"https://laohu8.com/S/STZ.B\">Constellation</a>’s Mark Leonard, and Fairfax’s Prem Watsa have personified their companies for decades, and all developed a deep bench of like-minded managers.&nbsp; A succession of impressive leaders has run all the others, such as the Rales brothers at Danaher and the Markel family at their eponymous company.</p><p><blockquote>他们的领导力是强有力的，通常是标志性的，当然也是长期的。伯克希尔的沃伦·巴菲特，<a href=\"https://laohu8.com/S/STZ.B\">星座</a>公司的马克·伦纳德(Mark Leonard)和费尔法克斯(Fairfax)的普雷姆·瓦萨(Prem Watsa)几十年来一直是他们公司的化身，并且都培养了一大批志同道合的经理人。一系列令人印象深刻的领导者掌管着所有其他公司，例如丹纳赫(Danaher)的罗尔斯兄弟(Rales brothers)和同名公司的马克尔(Markel)家族。</blockquote></p><p> Acquisition discipline is evidenced by high returns on capital deployed, the companies’ opportunistic character, and their relative obscurity.&nbsp; As for the latter, only a few of the thousands of acquisitions made by these 10 companies are marquee names on the order of Adobe’s Photoshop, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>’s YouTube, or Berkshire’s Dairy Queen.&nbsp; Most people haven’t heard of the majority of the businesses these companies have acquired.&nbsp; ISCAR, Pall, Quipp, Vertafore anyone?</p><p><blockquote>高资本回报率、公司的机会主义特征及其相对默默无闻证明了收购纪律。至于后者，这10家公司进行的数千次收购中只有少数是与Adobe的Photoshop齐名的大牌，<a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>YouTube，或者伯克希尔的乳品皇后。大多数人没有听说过这些公司收购的大部分业务。伊斯卡、颇尔、奎普、维塔福尔有人吗？</blockquote></p><p> Acquisition frequency and scale vary. Constellation, for example, has made hundreds of small acquisitions while Illinois Tool Works has made perhaps 1,000. Adobe, Danaher, Fairfax, and Markel have made dozens or scores of purchases, some of considerable size. The others are all over the map in number and sizes. One thing these investors have in common is that they wait for their pitch.</p><p><blockquote>采集频率和规模各不相同。例如，Constellation已经进行了数百次小型收购，而Illinois Tool Works则进行了大约1,000次收购。Adobe、Danaher、Fairfax和Markel已经进行了数十次或数十次收购，其中一些规模相当大。其他的在数量和大小上遍布地图。这些投资者的一个共同点是他们等待他们的推销。</blockquote></p><p> All of these companies are organized along decentralized lines. Headquarters delegates substantial autonomy to the heads of the various businesses. Trust permeates their cultures.</p><p><blockquote>所有这些公司都是按照分散的路线组织的。总部将相当大的自主权授予各业务负责人。信任渗透在他们的文化中。</blockquote></p><p> The data back up the impressions. For instance, these companies repeatedly lead the pack in rankings of attributes of the perfect company, such as&nbsp;capital allocation prowess&nbsp;and&nbsp;decentralized trust-based cultures.</p><p><blockquote>数据支持了印象。例如，这些公司在完美公司的属性排名中多次领先，例如资本配置能力和基于分散信任的文化。</blockquote></p><p> They are also notable for the&nbsp;longevity of their leadership&nbsp;and insider ownership of the stock (especially by directors, suggesting they “get” the perfect company).</p><p><blockquote>他们还因其长期的领导力和股票的内部所有权（尤其是董事，这表明他们“得到”了完美的公司）而闻名。</blockquote></p><p> Not coincidentally, all 10 companies&nbsp;rank high in attracting&nbsp;long-term focused (“quality”) shareholders. They also rank high in the caliber of their&nbsp;shareholder communications — a logical add-on of the perfect company from the shareholders’ viewpoint.</p><p><blockquote>并非巧合的是，所有10家公司在吸引长期关注（“优质”）股东方面都排名靠前。他们在股东沟通方面的水平也很高——从股东的角度来看，这是完美公司的合乎逻辑的补充。</blockquote></p><p> In short, readers have helpfully identified “perfect companies” in the sense my colleague described.&nbsp; Whether these companies are perfect investments depends on their prevailing stock price.&nbsp; But they certainly warrant a close look.</p><p><blockquote>简而言之，读者在我的同事描述的意义上识别“完美公司”是很有帮助的。这些公司是否是完美的投资取决于它们当时的股价。但它们确实值得仔细观察。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/10-stocks-that-have-what-it-takes-to-be-a-perfect-company-11628125333?mod=newsviewer_click\">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":{"ADBE":"Adobe","ROP":"儒博实业","GOOG":"谷歌","MKL":"Markel Corp","STZ":"星座品牌","BRK.A":"伯克希尔","FAXRF":"Fairfax Financial Holdings Ltd.","ITW":"伊利诺伊机械","JNJ":"强生","DHR":"丹纳赫"},"source_url":"https://www.marketwatch.com/story/10-stocks-that-have-what-it-takes-to-be-a-perfect-company-11628125333?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162240698","content_text":"Strong leadership, smart acquisitions, and a sense of place and purpose are part of a winning combination.\n\nMy recent column describing the “perfect company” elicited several nominees from readers. They’re worth sharing and may even provide the basis for constructing a portfolio.\nAs a recap, a colleague once defined the perfect company as requiring no incremental capital, yielding functionally infinite returns, and maintaining a long-term view. The perfect company’s leader must excel at allocating capital, chiefly through serial acquisitions of businesses thereafter managed in a decentralized structure based on trust.\nAcknowledging that such companies are rare, readers suggested numerous examples. These 10, listed below in alphabetical order, were mentioned multiple times:\n\n1. Adobe ADBE,+0.71%\n2. Alphabet (Google) GOOGL,-0.37%\n3. Berkshire Hathaway BRK.A,-0.88% BRK.B,-1.07%\n4. Constellation Brands STZ,-0.88%\n5. Danaher DHR,+1.09%\n6. Fairfax Financial Holdings FFH,+4.70%\n7. Illinois Tool Works ITW,-1.31%\n8. Johnson & Johnson JNJ,-0.59%\n9. Markel MKL,+0.30%\n10. Roper Technologies ROP,-0.44%\n\nThese companies operate in industries generally requiring zero or modest incremental capital — insurance, sciences, technology and software.  That meets the first hurdle.\nTheir leadership is strong, often iconic, and certainly long-term. Berkshire’s Warren Buffett, Constellation’s Mark Leonard, and Fairfax’s Prem Watsa have personified their companies for decades, and all developed a deep bench of like-minded managers.  A succession of impressive leaders has run all the others, such as the Rales brothers at Danaher and the Markel family at their eponymous company.\nAcquisition discipline is evidenced by high returns on capital deployed, the companies’ opportunistic character, and their relative obscurity.  As for the latter, only a few of the thousands of acquisitions made by these 10 companies are marquee names on the order of Adobe’s Photoshop, Alphabet’s YouTube, or Berkshire’s Dairy Queen.  Most people haven’t heard of the majority of the businesses these companies have acquired.  ISCAR, Pall, Quipp, Vertafore anyone?\nAcquisition frequency and scale vary. Constellation, for example, has made hundreds of small acquisitions while Illinois Tool Works has made perhaps 1,000. Adobe, Danaher, Fairfax, and Markel have made dozens or scores of purchases, some of considerable size. The others are all over the map in number and sizes. One thing these investors have in common is that they wait for their pitch.\nAll of these companies are organized along decentralized lines. Headquarters delegates substantial autonomy to the heads of the various businesses. Trust permeates their cultures.\nThe data back up the impressions. For instance, these companies repeatedly lead the pack in rankings of attributes of the perfect company, such as capital allocation prowess and decentralized trust-based cultures.\nThey are also notable for the longevity of their leadership and insider ownership of the stock (especially by directors, suggesting they “get” the perfect company).\nNot coincidentally, all 10 companies rank high in attracting long-term focused (“quality”) shareholders. They also rank high in the caliber of their shareholder communications — a logical add-on of the perfect company from the shareholders’ viewpoint.\nIn short, readers have helpfully identified “perfect companies” in the sense my colleague described.  Whether these companies are perfect investments depends on their prevailing stock price.  But they certainly warrant a close look.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"ADBE":0.9,"FAXRF":0.9,"JNJ":0.9,"GOOG":0.9,"DHR":0.9,"MKL":0.9,"ROP":0.9,"ITW":0.9,"STZ":0.9}},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893025685,"gmtCreate":1628222856247,"gmtModify":1633752443659,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893025685","repostId":"1199377263","repostType":4,"repost":{"id":"1199377263","kind":"news","pubTimestamp":1628222564,"share":"https://www.laohu8.com/m/news/1199377263?lang=zh_CN&edition=full","pubTime":"2021-08-06 12:02","market":"us","language":"en","title":"The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199377263","media":"MarketWatch","summary":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered ","content":"<p>The S&amp;P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p><p><blockquote>标普500指数继续加速上行。周二创下历史收盘新高。然而，市场的“内部”仍然处于更糟糕的状态。这种情况已经持续了一段时间（至少自6月11日以来），而且这种情况可能会持续一段时间。</blockquote></p><p> But as long as the S&amp;P&nbsp;chart is positive and above support, a “core” long position is recommended.</p><p><blockquote>但只要标普图表为正且高于支撑位，建议建立“核心”多头头寸。</blockquote></p><p> The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p><p><blockquote>第一支撑位现在大致在4370。这是SPX抛售然后反弹的最近两天的低点——7月27日和周二（是的，同一天SPX从该水平反弹，然后收于历史新高）。由于它已经过双重测试，这使它成为一个可行的支撑位。盘中历史高点4430有阻力。</blockquote></p><p> You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p><p><blockquote>你可以从附图中看到，自7月23日以来，SPX一直处于相当正确的交易状态——在4370到4430之间。</blockquote></p><p> A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p><p><blockquote>突破该范围将具有重要意义。如果它向下突破，这将对SPX图表不利。在此下方，主要支撑区域位于4233点，跌破4370点后可能会很快受到测试。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p><p><blockquote>因此，SPX图表仍然是积极的，但有一个麦克米兰波动带（MVB）卖出信号（图表上的绿色“S”）。</blockquote></p><p> Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p><p><blockquote>现在让我们看看一些包含大量股票的指标。你会发现他们远没有那么积极。首先是仅股票的看跌看涨期权比率。这些价格已经上涨了一个月，这意味着在此期间它们一直在发出卖出信号。相对于看涨期权交易量，看跌交易量一直很大，这就是导致这些比率上升的原因。看起来标准比率的图表中有轻微的“波动”，但计算机分析程序说这并不显著。</blockquote></p><p> The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p><p><blockquote>这里更大的情况是，随着许多股票下跌，期权交易者一直在购买这些股票的看跌期权，迫使这些仅股票的看跌期权与看涨期权比率走高。只要比率上升，它们就会保持卖出信号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p><p><blockquote>自6月中旬以来，市场广度（上涨减去下跌）一直很糟糕。也就是说，大多数股票都在下跌，尽管SPX在上涨。事实上，推动这个市场的是少数大盘股纳斯达克股票（FAANG股票加上微软是最强的股票）。</blockquote></p><p> Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p><p><blockquote>过去几周情况有所改善，因此我们的宽度振荡器发出买入信号，但仍处于负值区域。通常情况下，当SPX创下历史新高时，宽度振荡指标将进入正值区域，反映出整体市场强劲。但现在情况并非如此。</blockquote></p><p> Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p><p><blockquote>此外，自6月11日以来，累计广度（每日涨幅减去跌幅）尚未创下历史新高。此后，SPX已连续19个交易日创下收盘或盘中新高。这是一个巨大的负面市场背离，但它本身并不是卖出信号。相反，这是一个强烈的警告，要保持警惕——避免自满。</blockquote></p><p> New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p><p><blockquote>纽交所52周新高继续领涨52周新低。最近，有一些孤立的日子，使用纳斯达克或“仅股票”数据，新低超过新高，但使用纽约证券交易所数据时则不然。这意味着该指标仍然看涨股市。如果纽交所新低超过新高且足够大，则会转为负值，但这种情况并未发生。</blockquote></p><p> There is a realized volatility sell signal in place, as well. That occurred when the S&amp;P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p><p><blockquote>还有一个已实现的波动性卖出信号。这发生在标准普尔20天历史波动率首先跌破8%（6月中旬），然后升至11%以上（7月下旬）。</blockquote></p><p> Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p><p><blockquote>另一方面，就股市而言，隐含波动率仍处于看涨状态。7月20日的VIX“峰值”买入信号仍然存在。而且，VIX 200日均线仍在下降，远高于VIX的价格。上个月，VIX指数从15点缓慢“攀升”至19点，但这似乎并不是趋势的重大变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p></p><p> Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p><p><blockquote>最后，波动性衍生品的结构对股市仍然有利。VIX期货的交易价格高于VIX，这些VIX期货和CBOE波动率指数的期限结构向上倾斜。</blockquote></p><p> The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p><p><blockquote>SPX图表仍然是积极的。这是最重要的事实。在这种情况发生变化之前，建议持有多头“核心”头寸。围绕这一点，人们可以交易确认的信号——买入和卖出。SPX突破4370区域将改变负面影响，但突破4430以上的历史新高将强化看涨理由。</blockquote></p><p> <b>New recommendation: Conditional SPX sell signal</b></p><p><blockquote><b>新建议：有条件SPX卖出信号</b></blockquote></p><p> Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p><p><blockquote>根据上述文章，我们将列出一些有关在SPX支撑位被突破时采取看跌头寸的参数：</blockquote></p><p> <b>IF SPX trades below 4370 and stays there for an hour,</b></p><p><blockquote><b>如果SPX低于4370并在那里停留一小时，</b></blockquote></p><p> <b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>然后买入1 SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以下跌25点的价格卖出1 SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> In addition,</p><p><blockquote>此外，</blockquote></p><p> <b>IF SPX closes below 4370,</b></p><p><blockquote><b>如果SPX收盘低于4370，</b></blockquote></p><p> <b>THEN buy another bear spread:</b></p><p><blockquote><b>然后再买一个熊市价差：</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy 1 (more) SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>购买1（更多）SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以较低25点的价格卖出1（更多）SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p><p><blockquote>请注意，在没有满足第一个条件的情况下，第二个条件（收盘低于4370）可能会发生（如果SPX在交易日晚些时候跌破4370）。如果是这样的话，那么在收盘时买入2个这样的价差。</blockquote></p><p> Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p><p><blockquote>最后，如果这些价差成立，请在SPX收盘价高于4430时停止所有这些熊市价差。</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>The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</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\">\nThe S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</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 12:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p><p><blockquote>标普500指数继续加速上行。周二创下历史收盘新高。然而，市场的“内部”仍然处于更糟糕的状态。这种情况已经持续了一段时间（至少自6月11日以来），而且这种情况可能会持续一段时间。</blockquote></p><p> But as long as the S&amp;P&nbsp;chart is positive and above support, a “core” long position is recommended.</p><p><blockquote>但只要标普图表为正且高于支撑位，建议建立“核心”多头头寸。</blockquote></p><p> The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p><p><blockquote>第一支撑位现在大致在4370。这是SPX抛售然后反弹的最近两天的低点——7月27日和周二（是的，同一天SPX从该水平反弹，然后收于历史新高）。由于它已经过双重测试，这使它成为一个可行的支撑位。盘中历史高点4430有阻力。</blockquote></p><p> You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p><p><blockquote>你可以从附图中看到，自7月23日以来，SPX一直处于相当正确的交易状态——在4370到4430之间。</blockquote></p><p> A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p><p><blockquote>突破该范围将具有重要意义。如果它向下突破，这将对SPX图表不利。在此下方，主要支撑区域位于4233点，跌破4370点后可能会很快受到测试。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p><p><blockquote>因此，SPX图表仍然是积极的，但有一个麦克米兰波动带（MVB）卖出信号（图表上的绿色“S”）。</blockquote></p><p> Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p><p><blockquote>现在让我们看看一些包含大量股票的指标。你会发现他们远没有那么积极。首先是仅股票的看跌看涨期权比率。这些价格已经上涨了一个月，这意味着在此期间它们一直在发出卖出信号。相对于看涨期权交易量，看跌交易量一直很大，这就是导致这些比率上升的原因。看起来标准比率的图表中有轻微的“波动”，但计算机分析程序说这并不显著。</blockquote></p><p> The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p><p><blockquote>这里更大的情况是，随着许多股票下跌，期权交易者一直在购买这些股票的看跌期权，迫使这些仅股票的看跌期权与看涨期权比率走高。只要比率上升，它们就会保持卖出信号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p><p><blockquote>自6月中旬以来，市场广度（上涨减去下跌）一直很糟糕。也就是说，大多数股票都在下跌，尽管SPX在上涨。事实上，推动这个市场的是少数大盘股纳斯达克股票（FAANG股票加上微软是最强的股票）。</blockquote></p><p> Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p><p><blockquote>过去几周情况有所改善，因此我们的宽度振荡器发出买入信号，但仍处于负值区域。通常情况下，当SPX创下历史新高时，宽度振荡指标将进入正值区域，反映出整体市场强劲。但现在情况并非如此。</blockquote></p><p> Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p><p><blockquote>此外，自6月11日以来，累计广度（每日涨幅减去跌幅）尚未创下历史新高。此后，SPX已连续19个交易日创下收盘或盘中新高。这是一个巨大的负面市场背离，但它本身并不是卖出信号。相反，这是一个强烈的警告，要保持警惕——避免自满。</blockquote></p><p> New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p><p><blockquote>纽交所52周新高继续领涨52周新低。最近，有一些孤立的日子，使用纳斯达克或“仅股票”数据，新低超过新高，但使用纽约证券交易所数据时则不然。这意味着该指标仍然看涨股市。如果纽交所新低超过新高且足够大，则会转为负值，但这种情况并未发生。</blockquote></p><p> There is a realized volatility sell signal in place, as well. That occurred when the S&amp;P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p><p><blockquote>还有一个已实现的波动性卖出信号。这发生在标准普尔20天历史波动率首先跌破8%（6月中旬），然后升至11%以上（7月下旬）。</blockquote></p><p> Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p><p><blockquote>另一方面，就股市而言，隐含波动率仍处于看涨状态。7月20日的VIX“峰值”买入信号仍然存在。而且，VIX 200日均线仍在下降，远高于VIX的价格。上个月，VIX指数从15点缓慢“攀升”至19点，但这似乎并不是趋势的重大变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p></p><p> Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p><p><blockquote>最后，波动性衍生品的结构对股市仍然有利。VIX期货的交易价格高于VIX，这些VIX期货和CBOE波动率指数的期限结构向上倾斜。</blockquote></p><p> The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p><p><blockquote>SPX图表仍然是积极的。这是最重要的事实。在这种情况发生变化之前，建议持有多头“核心”头寸。围绕这一点，人们可以交易确认的信号——买入和卖出。SPX突破4370区域将改变负面影响，但突破4430以上的历史新高将强化看涨理由。</blockquote></p><p> <b>New recommendation: Conditional SPX sell signal</b></p><p><blockquote><b>新建议：有条件SPX卖出信号</b></blockquote></p><p> Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p><p><blockquote>根据上述文章，我们将列出一些有关在SPX支撑位被突破时采取看跌头寸的参数：</blockquote></p><p> <b>IF SPX trades below 4370 and stays there for an hour,</b></p><p><blockquote><b>如果SPX低于4370并在那里停留一小时，</b></blockquote></p><p> <b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>然后买入1 SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以下跌25点的价格卖出1 SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> In addition,</p><p><blockquote>此外，</blockquote></p><p> <b>IF SPX closes below 4370,</b></p><p><blockquote><b>如果SPX收盘低于4370，</b></blockquote></p><p> <b>THEN buy another bear spread:</b></p><p><blockquote><b>然后再买一个熊市价差：</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy 1 (more) SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>购买1（更多）SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以较低25点的价格卖出1（更多）SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p><p><blockquote>请注意，在没有满足第一个条件的情况下，第二个条件（收盘低于4370）可能会发生（如果SPX在交易日晚些时候跌破4370）。如果是这样的话，那么在收盘时买入2个这样的价差。</blockquote></p><p> Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p><p><blockquote>最后，如果这些价差成立，请在SPX收盘价高于4430时停止所有这些熊市价差。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199377263","content_text":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.\nBut as long as the S&P chart is positive and above support, a “core” long position is recommended.\nThe first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.\nYou can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.\nA breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.\nLAWRENCE MCMILLAN\nSo the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).\nNow let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.\nThe larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.\nLAWRENCE MCMILLAN\nLAWRENCE MCMILLAN\nMarket breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).\nThings have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.\nMoreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.\nNew 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.\nThere is a realized volatility sell signal in place, as well. That occurred when the S&P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).\nImplied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.\nLAWRENCE MCMILLAN\nFinally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.\nThe SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.\nNew recommendation: Conditional SPX sell signal\nBased on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:\nIF SPX trades below 4370 and stays there for an hour,\nTHEN buy 1 SPY Aug (27th) at-the-money put\n            And sell 1 SPY Aug (27th) put with a striking price 25 points lower.\nIn addition,\nIF SPX closes below 4370,\nTHEN buy another bear spread:\n            Buy 1 (more) SPY Aug (27th) at-the-money put\n            And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.\nNote that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.\nFinally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805042471,"gmtCreate":1627828572693,"gmtModify":1633756088197,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805042471","repostId":"1153879814","repostType":4,"repost":{"id":"1153879814","kind":"news","pubTimestamp":1627784753,"share":"https://www.laohu8.com/m/news/1153879814?lang=zh_CN&edition=full","pubTime":"2021-08-01 10:25","market":"sg","language":"en","title":"SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、新加坡电信公司重组的潜在候选者：马来亚银行</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153879814","media":"Singapore Business","summary":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play f","content":"<p>  <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>  Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p><p><blockquote><b><i>谁将跟随SPH、吉宝和胜科进行企业重组？</i></b>马来亚银行金英(Maybank Kim Eng)的一份报告称，在新加坡报业控股(SPH)的重大重组计划以及吉宝岸外与海事与胜科海事有限公司(Sembcorp Marine Ltd)可能合并之后，新加坡公司正在推动更多的企业重组。</blockquote></p><p> According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p><p><blockquote>报告称，催化这些重组的驱动因素仍然存在，短期内不太可能消退。</blockquote></p><p> Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p><p><blockquote>马来亚银行点名的一些可能进行公司重组的新加坡公司包括新加坡电信、新加坡航空集团和新加坡航空工程师协会。</blockquote></p><p> Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p><p><blockquote>马来亚银行表示，新加坡电信目前正在探索审查其在联营公司和基础设施资产中的股份的选择，以释放潜在价值。</blockquote></p><p> Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p><p><blockquote>国际航空旅行的持续疲软和预计复苏的漫长准备时间可能会迫使SIA和SIAE进行一定的合理化。与此同时，CityDev和UOL等大型开发商也拥有与CAPL类似的规模可观的开发业务。</blockquote></p><p></p>","source":"lsy1618986048053","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>SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、新加坡电信公司重组的潜在候选者：马来亚银行</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\">\nSIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、新加坡电信公司重组的潜在候选者：马来亚银行</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Singapore Business</strong><span class=\"h-time small\">2021-08-01 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>  Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p><p><blockquote><b><i>谁将跟随SPH、吉宝和胜科进行企业重组？</i></b>马来亚银行金英(Maybank Kim Eng)的一份报告称，在新加坡报业控股(SPH)的重大重组计划以及吉宝岸外与海事与胜科海事有限公司(Sembcorp Marine Ltd)可能合并之后，新加坡公司正在推动更多的企业重组。</blockquote></p><p> According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p><p><blockquote>报告称，催化这些重组的驱动因素仍然存在，短期内不太可能消退。</blockquote></p><p> Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p><p><blockquote>马来亚银行点名的一些可能进行公司重组的新加坡公司包括新加坡电信、新加坡航空集团和新加坡航空工程师协会。</blockquote></p><p> Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p><p><blockquote>马来亚银行表示，新加坡电信目前正在探索审查其在联营公司和基础设施资产中的股份的选择，以释放潜在价值。</blockquote></p><p> Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p><p><blockquote>国际航空旅行的持续疲软和预计复苏的漫长准备时间可能会迫使SIA和SIAE进行一定的合理化。与此同时，CityDev和UOL等大型开发商也拥有与CAPL类似的规模可观的开发业务。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank\">Singapore Business</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":{"C6L.SI":"新加坡航空公司"},"source_url":"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153879814","content_text":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.\nAccording to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.\nSome Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.\nMaybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.\nContinued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.","news_type":1,"symbols_score_info":{"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802695976,"gmtCreate":1627774772595,"gmtModify":1633756593713,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802695976","repostId":"1147779023","repostType":4,"repost":{"id":"1147779023","kind":"news","pubTimestamp":1627716124,"share":"https://www.laohu8.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>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</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经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</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，当你找到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>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出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，来到美国缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram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，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”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，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被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帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，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“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</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>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有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JP和美国运通XP。第一季度销售额增长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，因为它们往往表现出色。</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>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</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)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本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生产更美味的啤酒。</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年期间因啤酒销量整体持平而陷入停滞。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>“我们被这家公司吸引是因为它的创新历史，”拉姆在谈到她的基金2016年第二季度的早期头寸时说道。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</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>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。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，要寻找那些由过去表现出创新能力的人领导的公司。创新型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。股东们押注他们会再次成功。</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。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，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，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</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>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，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真正关心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。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳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实现了增长。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>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆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.买入快速成长初期的公司</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>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自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已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，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>“这是一个全新的治疗领域，”拉姆说。“它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>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，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>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</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>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</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经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</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，当你找到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>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出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，来到美国缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram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，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”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，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被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帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，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“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</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>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有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JP和美国运通XP。第一季度销售额增长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，因为它们往往表现出色。</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>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</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)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本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生产更美味的啤酒。</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年期间因啤酒销量整体持平而陷入停滞。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>“我们被这家公司吸引是因为它的创新历史，”拉姆在谈到她的基金2016年第二季度的早期头寸时说道。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</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>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。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，要寻找那些由过去表现出创新能力的人领导的公司。创新型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。股东们押注他们会再次成功。</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。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，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，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</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>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，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真正关心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。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳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实现了增长。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>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆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.买入快速成长初期的公司</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>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自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已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，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>“这是一个全新的治疗领域，”拉姆说。“它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>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"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":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893544534,"gmtCreate":1628292429928,"gmtModify":1633751997277,"author":{"id":"4089027015441930","authorId":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089027015441930","authorIdStr":"4089027015441930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893544534","repostId":"1159359820","repostType":4,"repost":{"id":"1159359820","kind":"news","pubTimestamp":1628264299,"share":"https://www.laohu8.com/m/news/1159359820?lang=zh_CN&edition=full","pubTime":"2021-08-06 23:38","market":"us","language":"en","title":"Space Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159359820","media":"The Wall Street Journal","summary":"Stock futures are higher after Monday’s slide on Wall Street.\n\n\nTo the moon! Well, not quite, butint","content":"<p>  <b>Stock futures are higher after Monday’s slide on Wall Street.</b>  </p><p><blockquote><b>华尔街周一下跌后，股指期货走高。</b></blockquote></p><p> To the moon! Well, not quite, butinto space at leasttoday forJeff Bezos,the billionaire baron of ecommerce. Also not going to the moon isAmazonAMZN-1.19%stock, though it is 0.3% up premarket on Tuesday morning.</p><p><blockquote>去月球！嗯，不完全是，但至少今天对于电子商务亿万富翁杰夫·贝索斯来说是这样。同样不会登上月球的还有亚马逊AMZN-1.19%的股票，尽管周二上午盘前上涨了0.3%。</blockquote></p><p> <ul>  <li>One reason for Mr. Bezos’s rocket ride is the more earthly goal of winning government contracts for the kind of less thrilling scientific projects the provide reliable revenue. His Blue Origin company is playing catch-up withElon Musk’s SpaceX.</li>  <li>Mr. Musk’s electric vehicle makerTesla,TSLA-1.55%is getting a bit of a boost Tuesday morning ahead of the open, rising 1% premarket. It is also gaining more attention on the message boards among day traders, according to Topstonks.com. The company reports earnings next Monday and tends to see its stock rise in the days ahead as investors start hoping for exciting announcements.</li>  <li>In the wider markets, U.S. stock futures are trending higher ahead of the open following Monday’s broad selloff. S&amp;P 500 futures and Dow futures are up 0.3%, and Nasdaq-100 futures are up 0.4%.</li>  <li>Nasdaq the company, not the index, is itself rising premarket, up 1%, after TheWall Street Journal’s exclusivethat it will spin out its Private Market for shares in start-ups that trade among some investors before an initial public offering. The business will go into a standalone joint venture company and get investment from three Wall Street banks and SVB Financial Group, a tech specialist bank.</li>  <li>NvidiaNVDA-1.30%is down 0.8% on large volumes following a &nbsp;3.4% rise Monday. The shares are up nearly 80% over the past year, putting the chip makerinto the top 10list of U.S. public companies. It also executed its four-for-one stock split overnight, which has given some investorsmore ways to trade the stock-performance.</li>  <li>International Business MachinesIBM+0.54%is up 2.8% ahead of the open on Tuesday after turning in decent second-quarter numbers Monday after the close. The computing group’s efforts to refocus on cloud-based computing and spin off its old-fashioned IT services business is winning fans among investors. At the same time, it has benefitted from companies beginning to invest again as the economy reopens.</li> </ul> <ul>  <li>Advanced Micro DevicesAMD+1.43%is rising up the chat charts on social media platforms, according to Topstonks.com, gaining popularity among retail traders. Its shares are up 0.4% premarket on good volumes following a 0.8% rise Monday.</li>  <li>Growing chatter and chunky volumes Tuesday morning for another perennial retail favourite:AMC Entertainment.AMC-3.16%The cinema chain’s shares have taken a bit of a beating so far this month, but they are 1.7% higher premarket Tuesday.</li>  <li>Zoom Video CommunicationsZM-3.50%is bouncing slightly Tuesday morning, up 0.4% in premarket trading after a 2.2% drop on Monday when it revealed it would buy customer service software firmFive9.FIVN-3.04%The target’s shares jumped nearly 6% Monday, are down 0.3% premarket.</li>  <li>Shares in big U.S. investments banks, which all took a knock Monday with the drop in financial markets, look set to rebound a bit Tuesday:Goldman SachsGS+2.91%andJPMorgan ChaseJPM+2.66%are both up about 0.3%, while andMorgan StanleyMS+1.64%up about 0.5% in premarket trading.</li>  <li>Bitcoin dropped below $30,000 Tuesday for the first time in a month.</li>  <li>Netflix,NFLX-0.33%United AirlinesUAL-0.71%andChipotle Mexican GrillCMG-0.63%are due to report earnings after Tuesday’s close.</li> </ul> <img src=\"https://static.tigerbbs.com/6454f89ce9900ecbca7664b0da4ff6fa\" tg-width=\"761\" tg-height=\"567\" width=\"100%\" height=\"auto\"></p><p><blockquote><ul><li>贝佐斯乘坐火箭的一个原因是更世俗的目标，即赢得政府合同，为那些不那么令人兴奋的科学项目提供可靠的收入。他的蓝色起源公司正在追赶埃隆·马斯克的SpaceX。</li><li>马斯克的电动汽车制造商特斯拉(TSLA-1.55%)周二上午开盘前小幅上涨，盘前上涨1%。据Topstonks.com称，它也在日内交易者的留言板上获得了更多关注。该公司将于下周一公布财报，随着投资者开始期待令人兴奋的公告，其股价在未来几天可能会上涨。</li><li>在更广泛的市场中，继周一的广泛抛售之后，美国股指期货在开盘前呈走高趋势。标普500期货和道指期货上涨0.3%，纳斯达克100期货上涨0.4%。</li><li>纳斯达克该公司（而不是该指数）本身在盘前上涨，上涨了1%，此前《华尔街日报》独家报道称，该公司将分拆其私人市场，购买在首次公开募股之前在一些投资者中交易的初创企业股票。该业务将成立一家独立的合资公司，并获得三家华尔街银行和科技专业银行SVB金融集团的投资。</li><li>英伟达(NvidiaNVDA-1.30%)继周一上涨3.过去一年中，该股上涨近80%，使芯片制造商跻身美国上市公司十大名单。它还在一夜之间执行了四对一的股票分割，这为一些投资者提供了更多交易股票表现的方式。</li><li>国际商业机器IBM+0.54%在周一收盘后公布了不错的第二季度数据后，周二开盘前上涨2.8%。该计算集团重新专注于基于云的计算并剥离其老式IT服务业务的努力正在赢得投资者的青睐。与此同时，随着经济重新开放，企业开始再次投资，它也从中受益。</li></ul><ul><li>根据Topstonks.com的数据，Advanced Micro DevicesAMD+1.43%在社交媒体平台上的聊天排行榜上不断上升，在零售交易者中越来越受欢迎。继周一上涨0.8%后，其股价盘前上涨0.4%，成交量良好。</li><li>周二上午，另一家长期受欢迎的零售巨头AMC Entertainment的讨论和成交量不断增加。AMC-3.16%这家连锁影院的股价本月迄今为止遭受了一些打击，但周二盘前上涨了1.7%。</li><li>Zoom Video通信ZM-3.50%周二上午小幅反弹，盘前交易中上涨0.4%，周一该公司透露将收购客户服务软件公司Five9.FIVN-3.04%，该公司股价周一上涨近6%，盘前下跌0.3%。</li><li>美国大型投资银行的股价周一均因金融市场下跌而受到打击，但周二似乎将小幅反弹：高盛SGS+2.91%和摩根大通JPM+2.66%均上涨约0.3%，而摩根士丹利MS+1.64%盘前交易上涨约0.5%。</li><li>比特币周二一个月来首次跌破30,000美元。</li><li>Netflix、NFLX-0.33%联合航空SU-0.71%和Chipotle Mexican GrillCMG-0.63%将于周二收盘后公布财报。</li></ul></blockquote></p><p> <ul>  <li>Stocks, commodities and other financial marketstook a stumbleMonday on growing concerns about the strength of the post-Covid-19 global recovery.</li> </ul> <b>Corrections &amp; Amplifications</b></p><p><blockquote><ul><li>由于对Covid-19后全球复苏力度的担忧日益加剧，股市、大宗商品和其他金融市场周一下跌。</li></ul><b>校正和放大</b></blockquote></p><p> Nvidia shares rose 3.4% on Monday,&nbsp;July 19. An earlier version of this article incorrectly&nbsp;said that they rose 15%. A separate version of the article incorrectly said they rose 3%. (Corrected on Aug. 6)</p><p><blockquote>7月19日星期一，英伟达股价上涨3.4%。本文的早期版本错误地说它们上涨了15%。这篇文章的另一个版本错误地说它们上涨了3%。（8月6日更正）</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>Space Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</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\">\nSpace Race, Nasdaq, IBM, Nvidia: What to Watch When the Stock Market Opens<blockquote>太空竞赛、纳斯达克、IBM、英伟达：股市开盘时看什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-08-06 23:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Stock futures are higher after Monday’s slide on Wall Street.</b>  </p><p><blockquote><b>华尔街周一下跌后，股指期货走高。</b></blockquote></p><p> To the moon! Well, not quite, butinto space at leasttoday forJeff Bezos,the billionaire baron of ecommerce. Also not going to the moon isAmazonAMZN-1.19%stock, though it is 0.3% up premarket on Tuesday morning.</p><p><blockquote>去月球！嗯，不完全是，但至少今天对于电子商务亿万富翁杰夫·贝索斯来说是这样。同样不会登上月球的还有亚马逊AMZN-1.19%的股票，尽管周二上午盘前上涨了0.3%。</blockquote></p><p> <ul>  <li>One reason for Mr. Bezos’s rocket ride is the more earthly goal of winning government contracts for the kind of less thrilling scientific projects the provide reliable revenue. His Blue Origin company is playing catch-up withElon Musk’s SpaceX.</li>  <li>Mr. Musk’s electric vehicle makerTesla,TSLA-1.55%is getting a bit of a boost Tuesday morning ahead of the open, rising 1% premarket. It is also gaining more attention on the message boards among day traders, according to Topstonks.com. The company reports earnings next Monday and tends to see its stock rise in the days ahead as investors start hoping for exciting announcements.</li>  <li>In the wider markets, U.S. stock futures are trending higher ahead of the open following Monday’s broad selloff. S&amp;P 500 futures and Dow futures are up 0.3%, and Nasdaq-100 futures are up 0.4%.</li>  <li>Nasdaq the company, not the index, is itself rising premarket, up 1%, after TheWall Street Journal’s exclusivethat it will spin out its Private Market for shares in start-ups that trade among some investors before an initial public offering. The business will go into a standalone joint venture company and get investment from three Wall Street banks and SVB Financial Group, a tech specialist bank.</li>  <li>NvidiaNVDA-1.30%is down 0.8% on large volumes following a &nbsp;3.4% rise Monday. The shares are up nearly 80% over the past year, putting the chip makerinto the top 10list of U.S. public companies. It also executed its four-for-one stock split overnight, which has given some investorsmore ways to trade the stock-performance.</li>  <li>International Business MachinesIBM+0.54%is up 2.8% ahead of the open on Tuesday after turning in decent second-quarter numbers Monday after the close. The computing group’s efforts to refocus on cloud-based computing and spin off its old-fashioned IT services business is winning fans among investors. At the same time, it has benefitted from companies beginning to invest again as the economy reopens.</li> </ul> <ul>  <li>Advanced Micro DevicesAMD+1.43%is rising up the chat charts on social media platforms, according to Topstonks.com, gaining popularity among retail traders. Its shares are up 0.4% premarket on good volumes following a 0.8% rise Monday.</li>  <li>Growing chatter and chunky volumes Tuesday morning for another perennial retail favourite:AMC Entertainment.AMC-3.16%The cinema chain’s shares have taken a bit of a beating so far this month, but they are 1.7% higher premarket Tuesday.</li>  <li>Zoom Video CommunicationsZM-3.50%is bouncing slightly Tuesday morning, up 0.4% in premarket trading after a 2.2% drop on Monday when it revealed it would buy customer service software firmFive9.FIVN-3.04%The target’s shares jumped nearly 6% Monday, are down 0.3% premarket.</li>  <li>Shares in big U.S. investments banks, which all took a knock Monday with the drop in financial markets, look set to rebound a bit Tuesday:Goldman SachsGS+2.91%andJPMorgan ChaseJPM+2.66%are both up about 0.3%, while andMorgan StanleyMS+1.64%up about 0.5% in premarket trading.</li>  <li>Bitcoin dropped below $30,000 Tuesday for the first time in a month.</li>  <li>Netflix,NFLX-0.33%United AirlinesUAL-0.71%andChipotle Mexican GrillCMG-0.63%are due to report earnings after Tuesday’s close.</li> </ul> <img src=\"https://static.tigerbbs.com/6454f89ce9900ecbca7664b0da4ff6fa\" tg-width=\"761\" tg-height=\"567\" width=\"100%\" height=\"auto\"></p><p><blockquote><ul><li>贝佐斯乘坐火箭的一个原因是更世俗的目标，即赢得政府合同，为那些不那么令人兴奋的科学项目提供可靠的收入。他的蓝色起源公司正在追赶埃隆·马斯克的SpaceX。</li><li>马斯克的电动汽车制造商特斯拉(TSLA-1.55%)周二上午开盘前小幅上涨，盘前上涨1%。据Topstonks.com称，它也在日内交易者的留言板上获得了更多关注。该公司将于下周一公布财报，随着投资者开始期待令人兴奋的公告，其股价在未来几天可能会上涨。</li><li>在更广泛的市场中，继周一的广泛抛售之后，美国股指期货在开盘前呈走高趋势。标普500期货和道指期货上涨0.3%，纳斯达克100期货上涨0.4%。</li><li>纳斯达克该公司（而不是该指数）本身在盘前上涨，上涨了1%，此前《华尔街日报》独家报道称，该公司将分拆其私人市场，购买在首次公开募股之前在一些投资者中交易的初创企业股票。该业务将成立一家独立的合资公司，并获得三家华尔街银行和科技专业银行SVB金融集团的投资。</li><li>英伟达(NvidiaNVDA-1.30%)继周一上涨3.过去一年中，该股上涨近80%，使芯片制造商跻身美国上市公司十大名单。它还在一夜之间执行了四对一的股票分割，这为一些投资者提供了更多交易股票表现的方式。</li><li>国际商业机器IBM+0.54%在周一收盘后公布了不错的第二季度数据后，周二开盘前上涨2.8%。该计算集团重新专注于基于云的计算并剥离其老式IT服务业务的努力正在赢得投资者的青睐。与此同时，随着经济重新开放，企业开始再次投资，它也从中受益。</li></ul><ul><li>根据Topstonks.com的数据，Advanced Micro DevicesAMD+1.43%在社交媒体平台上的聊天排行榜上不断上升，在零售交易者中越来越受欢迎。继周一上涨0.8%后，其股价盘前上涨0.4%，成交量良好。</li><li>周二上午，另一家长期受欢迎的零售巨头AMC Entertainment的讨论和成交量不断增加。AMC-3.16%这家连锁影院的股价本月迄今为止遭受了一些打击，但周二盘前上涨了1.7%。</li><li>Zoom Video通信ZM-3.50%周二上午小幅反弹，盘前交易中上涨0.4%，周一该公司透露将收购客户服务软件公司Five9.FIVN-3.04%，该公司股价周一上涨近6%，盘前下跌0.3%。</li><li>美国大型投资银行的股价周一均因金融市场下跌而受到打击，但周二似乎将小幅反弹：高盛SGS+2.91%和摩根大通JPM+2.66%均上涨约0.3%，而摩根士丹利MS+1.64%盘前交易上涨约0.5%。</li><li>比特币周二一个月来首次跌破30,000美元。</li><li>Netflix、NFLX-0.33%联合航空SU-0.71%和Chipotle Mexican GrillCMG-0.63%将于周二收盘后公布财报。</li></ul></blockquote></p><p> <ul>  <li>Stocks, commodities and other financial marketstook a stumbleMonday on growing concerns about the strength of the post-Covid-19 global recovery.</li> </ul> <b>Corrections &amp; Amplifications</b></p><p><blockquote><ul><li>由于对Covid-19后全球复苏力度的担忧日益加剧，股市、大宗商品和其他金融市场周一下跌。</li></ul><b>校正和放大</b></blockquote></p><p> Nvidia shares rose 3.4% on Monday,&nbsp;July 19. An earlier version of this article incorrectly&nbsp;said that they rose 15%. A separate version of the article incorrectly said they rose 3%. (Corrected on Aug. 6)</p><p><blockquote>7月19日星期一，英伟达股价上涨3.4%。本文的早期版本错误地说它们上涨了15%。这篇文章的另一个版本错误地说它们上涨了3%。（8月6日更正）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/space-race-nvidia-and-ibm-what-to-watch-when-the-market-opens-11626778707?mod=rss_markets_main\">The Wall Street Journal</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","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/space-race-nvidia-and-ibm-what-to-watch-when-the-market-opens-11626778707?mod=rss_markets_main","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159359820","content_text":"Stock futures are higher after Monday’s slide on Wall Street.\n\n\nTo the moon! Well, not quite, butinto space at leasttoday forJeff Bezos,the billionaire baron of ecommerce. Also not going to the moon isAmazonAMZN-1.19%stock, though it is 0.3% up premarket on Tuesday morning.\n\nOne reason for Mr. Bezos’s rocket ride is the more earthly goal of winning government contracts for the kind of less thrilling scientific projects the provide reliable revenue. His Blue Origin company is playing catch-up withElon Musk’s SpaceX.\nMr. Musk’s electric vehicle makerTesla,TSLA-1.55%is getting a bit of a boost Tuesday morning ahead of the open, rising 1% premarket. It is also gaining more attention on the message boards among day traders, according to Topstonks.com. The company reports earnings next Monday and tends to see its stock rise in the days ahead as investors start hoping for exciting announcements.\nIn the wider markets, U.S. stock futures are trending higher ahead of the open following Monday’s broad selloff. S&P 500 futures and Dow futures are up 0.3%, and Nasdaq-100 futures are up 0.4%.\nNasdaq the company, not the index, is itself rising premarket, up 1%, after TheWall Street Journal’s exclusivethat it will spin out its Private Market for shares in start-ups that trade among some investors before an initial public offering. The business will go into a standalone joint venture company and get investment from three Wall Street banks and SVB Financial Group, a tech specialist bank.\nNvidiaNVDA-1.30%is down 0.8% on large volumes following a  3.4% rise Monday. The shares are up nearly 80% over the past year, putting the chip makerinto the top 10list of U.S. public companies. It also executed its four-for-one stock split overnight, which has given some investorsmore ways to trade the stock-performance.\nInternational Business MachinesIBM+0.54%is up 2.8% ahead of the open on Tuesday after turning in decent second-quarter numbers Monday after the close. The computing group’s efforts to refocus on cloud-based computing and spin off its old-fashioned IT services business is winning fans among investors. At the same time, it has benefitted from companies beginning to invest again as the economy reopens.\n\n\nAdvanced Micro DevicesAMD+1.43%is rising up the chat charts on social media platforms, according to Topstonks.com, gaining popularity among retail traders. Its shares are up 0.4% premarket on good volumes following a 0.8% rise Monday.\nGrowing chatter and chunky volumes Tuesday morning for another perennial retail favourite:AMC Entertainment.AMC-3.16%The cinema chain’s shares have taken a bit of a beating so far this month, but they are 1.7% higher premarket Tuesday.\nZoom Video CommunicationsZM-3.50%is bouncing slightly Tuesday morning, up 0.4% in premarket trading after a 2.2% drop on Monday when it revealed it would buy customer service software firmFive9.FIVN-3.04%The target’s shares jumped nearly 6% Monday, are down 0.3% premarket.\nShares in big U.S. investments banks, which all took a knock Monday with the drop in financial markets, look set to rebound a bit Tuesday:Goldman SachsGS+2.91%andJPMorgan ChaseJPM+2.66%are both up about 0.3%, while andMorgan StanleyMS+1.64%up about 0.5% in premarket trading.\nBitcoin dropped below $30,000 Tuesday for the first time in a month.\nNetflix,NFLX-0.33%United AirlinesUAL-0.71%andChipotle Mexican GrillCMG-0.63%are due to report earnings after Tuesday’s close.\n\n\n\nStocks, commodities and other financial marketstook a stumbleMonday on growing concerns about the strength of the post-Covid-19 global recovery.\n\nCorrections & Amplifications\nNvidia shares rose 3.4% on Monday, July 19. An earlier version of this article incorrectly said that they rose 15%. A separate version of the article incorrectly said they rose 3%. (Corrected on Aug. 6)","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}