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2021-11-25

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2021-08-22

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2021-08-17

$Tiger Brokers(TIGR)$Rise Tiger

2021-08-10

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2021-08-07

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How 10 of the world’s smartest investors can help you build your perfect portfolio<blockquote>世界上10位最聪明的投资者如何帮助您建立完美的投资组合</blockquote>

2021-12-07

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2021-08-25

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“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</blockquote>

2021-08-15

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2021-08-25

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Stocks open slightly higher with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，股市小幅高开</blockquote>

2021-08-21

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Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>

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09:11","market":"us","language":"en","title":"US IPO Weekly Recap: 7 IPOs debut ahead of the Thanksgiving holiday<blockquote>美国IPO每周回顾：感恩节假期前7家IPO首次亮相</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120773635","media":"Renaissance Capital","summary":"The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. ","content":"<p>The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant&nbsp;<a href=\"https://laohu8.com/S/KLC\"><b>KinderCare</b></a> postponed, and Canada-listed&nbsp;<b>Sangoma Technologies</b>(SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for post-Thanksgiving launches, with nine IPOs and 13 SPACs submitting initial filings.</p><p><blockquote>假期前，IPO市场相对平静，七起IPO筹集了15亿美元。12个SPAC也定价。两笔交易未能完成：托儿巨头<a href=\"https://laohu8.com/S/KLC\"><b>托儿</b></a>推迟，并在加拿大上市<b>桑格玛技术公司</b>(SANG)终止了其拟议的美国发行。新发行人继续加入管道，为感恩节后的发行做准备，9家IPO和13家SPAC提交了初始文件。</blockquote></p><p> Fast casual salad chain&nbsp;<a href=\"https://laohu8.com/S/SG\"><b>Sweetgreen</b></a> upsized and priced well above the range to raise $364 million at a $3.4 billion market cap. One of the fastest-growing restaurants in the US, Sweetgreen owns and operates 140 restaurants across 13 states and DC. While it is highly unprofitable, the company has a strong digital presence and plans double its store count in the next three to five years. Sweetgreen finished up 89%.</p><p><blockquote>快速休闲沙拉连锁店<a href=\"https://laohu8.com/S/SG\"><b>甜绿</b></a>规模扩大，定价远高于区间，以34亿美元的市值筹集了3.64亿美元。Sweetgreen是美国发展最快的餐厅之一，在13个州和DC拥有并经营140家餐厅。虽然该公司非常无利可图，但它拥有强大的数字业务，并计划在未来三到五年内将其商店数量增加一倍。Sweetgreen收盘上涨89%。</blockquote></p><p> Germany-based&nbsp;<a href=\"https://laohu8.com/S/SEV\"><b>Sono Group</b></a> priced at the midpoint to raise $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Despite already accepting 16,000 pre-orders worth $390 million in net sales, it is not expected to reach commercialization until 2023, and will remain highly unprofitable for years. After popping 155% on its first day, Sono finished the week up 65%.</p><p><blockquote>总部位于德国<a href=\"https://laohu8.com/S/SEV\"><b>索诺集团</b></a>定价为中点，以11亿美元的市值筹集1.5亿美元。该公司正在开发它认为是颠覆性的太阳能技术，以及太阳能和电池驱动的汽车。尽管已经接受了16,000份预购订单，净销售额为3.9亿美元，但预计要到2023年才能实现商业化，并且多年来仍将高度无利可图。Sono首日上涨155%后，本周收盘上涨65%。</blockquote></p><p> <a href=\"https://laohu8.com/S/BRZE\"><b>Braze</b></a> priced well above the range to raise $520 million at a $6.7 billion market cap. Founder-led Braze provides a customer engagement platform used by businesses to improve their marketing. Unprofitable with strong growth, Braze serves over 1,100 clients with net revenue retention of 120%+ as of 7/31/21. Braze finished up 45%.</p><p><blockquote><a href=\"https://laohu8.com/S/BRZE\"><b>钎焊</b></a>定价远高于以67亿美元的市值筹集5.2亿美元的区间。创始人领导的Braze提供了一个客户参与平台，供企业用来改善其营销。截至2011年7月31日，Braze为1,100多家客户提供服务，净收入保留率为120%以上，但增长强劲。Braze收盘上涨45%。</blockquote></p><p> <a href=\"https://laohu8.com/S/USER\"><b>UserTesting</b></a> downsized and priced below the range to raise $140 million at a $2.3 billion market cap. The company provides a video-first customer feedback platform for enterprises driven by capturing various human signals. While it has a diverse customer base and strong net dollar-based retention, the company remains unprofitable due to high S&amp;M spend. UserTesting finished down 4%.</p><p><blockquote><a href=\"https://laohu8.com/S/USER\"><b>用户测试</b></a>规模缩小，定价低于区间，以23亿美元的市值筹集1.4亿美元。该公司为企业提供了一个视频优先的客户反馈平台，通过捕捉各种人类信号来驱动。尽管该公司拥有多元化的客户群和强大的美元净保留率，但由于S&amp;M支出较高，该公司仍然无法盈利。用户测试收盘下跌4%。</blockquote></p><p> Australia’s&nbsp;<a href=\"https://laohu8.com/S/IREN\"><b>Iris Energy</b>&nbsp;</a>, a Bitcoin mining company primarily powered by renewable energy, priced above the range to raise $232 million at a $1.6 billion market cap. Iris acquired its first site in British Columbia in January 2021. The company is dependent on the Bitcoin market, and while prices have risen near all-time highs, it remains highly volatile. Iris finished down 11%.</p><p><blockquote>澳大利亚的<a href=\"https://laohu8.com/S/IREN\"><b>虹膜能量</b> </a>是一家主要由可再生能源供电的比特币矿业公司，定价高于筹集2.32亿美元的区间，市值为16亿美元。Iris于2021年1月收购了其在不列颠哥伦比亚省的第一个站点。该公司依赖比特币市场，尽管价格已升至接近历史高点，但仍高度波动。Iris收盘下跌11%。</blockquote></p><p> Utah-based digital bank&nbsp;<a href=\"https://laohu8.com/S/FINW\"><b>FinWise Bancorp</b></a> priced within the range to raise $37 million at a $135 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 9/30/21, FinWise Bancorp had total assets of $338 million, total loans of $249 million, total deposits of $253 million, and total shareholders' equity of $69 million. FinWise finished up 21%.</p><p><blockquote>犹他州数字银行<a href=\"https://laohu8.com/S/FINW\"><b>FinWise银行</b></a>定价在以1.35亿美元的市值筹集3700万美元的范围内。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21年9月30日，FinWise Bancorp的总资产为3.38亿美元，贷款总额为2.49亿美元，存款总额为2.53亿美元，股东权益总额为6900万美元。FinWise收盘上涨21%。</blockquote></p><p> Canadian lithium mining company&nbsp;<b>Snow Lake Resources</b>&nbsp;(LITM) upsized and priced at the high end to raise $24 million at a $131 million market cap. Snow Lake aims to focus sales to the EV and battery storage markets in the US and abroad. The company has a limited operating history and has not generated any revenue to date. Snow Lake finished up 73%.</p><p><blockquote>加拿大锂矿公司<b>雪湖资源</b>(LITM)扩大规模并定价高端，以1.31亿美元的市值筹集了2400万美元。Snow Lake的目标是将销售重点放在美国和国外的电动汽车和电池存储市场。该公司的经营历史有限，迄今为止尚未产生任何收入。雪湖收盘上涨73%。</blockquote></p><p> 12 SPACs went public led by Cohen and Gilbert’s fintech-focused&nbsp;<a href=\"https://laohu8.com/S/ZINGU\"><b>FTAC Zeus Acquisition</b></a>, which raised $350 million.</p><p><blockquote>Cohen和Gilbert专注于金融科技的12家SPAC上市<a href=\"https://laohu8.com/S/ZINGU\"><b>FTAC宙斯收购</b></a>，筹集了3.5亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff243dd5442ea07e3dd4f53053045d11\" tg-width=\"1125\" tg-height=\"642\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0982d742ac2769a760e660322f8dad90\" tg-width=\"1125\" tg-height=\"589\" referrerpolicy=\"no-referrer\">Nine IPOs submitted initial filings. Greek yogurt brand&nbsp;<b>Chobani</b>&nbsp;(CHO) filed for an estimated $1.5 billion IPO. Indian IT services provider&nbsp;<b>Coforge</b>&nbsp;(CFRG.RC) and IoT solutions developer&nbsp;<b>Samsara</b>&nbsp;(IOT) both filed for estimated $1 billion IPOs. Brazilian steakhouse chain&nbsp;<b>Fogo Hospitality</b>(FOGO), commercial REIT&nbsp;<b><a href=\"https://laohu8.com/S/FSPR\">Four Springs Capital Trust</a></b>(FSPR), energy efficiency solutions provider&nbsp;<b>Redaptive</b>&nbsp;(EAAS), and neurodegenerative disease biotech&nbsp;<b>Vigil Neuroscience</b>(VIGL) all filed to raise $100 million. Advertising and analytics firm&nbsp;<b>Samba TV</b>&nbsp;(SMBA) filed to raise $75 million, and adtech company&nbsp;<b>Direct Digital(DLR) Holdings</b>(DRCT) filed to raise $40 million.</p><p><blockquote>九家IPO提交了初始文件。希腊酸奶品牌<b>乔巴尼</b>(CHO)申请了估计15亿美元的IPO。印度IT服务提供商<b>科福吉</b>(CFRG.RC)和物联网解决方案开发商<b>轮回</b>(IOT)均申请了估计10亿美元的IPO。巴西牛排连锁店<b>福戈酒店</b>（FOGO）、商业房地产投资信托基金<b><a href=\"https://laohu8.com/S/FSPR\">四泉资本信托</a></b>(FSPR)，能源效率解决方案提供商<b>编辑的</b>（EAAS）和神经退行性疾病生物技术<b>守夜神经科学</b>(VIGL)全部申请筹集1亿美元。广告和分析公司<b>桑巴电视</b>(SMBA)申请筹集7500万美元，adtech公司<b>直接数字(DLR)控股</b>(DRCT)申请筹集4000万美元。</blockquote></p><p></p><p> 13 SPACs submitted initial filings, led by power-grid focused&nbsp;<b>Power(PW) &amp; Digital Infrastructure Acquisition II</b>(XPDBU), fintech-focused&nbsp;<b>Motive Capital II</b>(MTVC.U), energy transition-focused&nbsp;<b>ST Energy Transition I</b>&nbsp;(STET.U), and national security-focused&nbsp;<b>C5 Acquisition</b>&nbsp;(CXAC.U), which all filed to raise $250 million.</p><p><blockquote>13家SPAC提交了初始文件，其中以电网为重点<b>电力(PW)和数字基础设施收购II</b>(XPDBU)，专注于金融科技<b>动机资本II</b>(MTVC.U)，专注于能源转型<b>ST能源转型I</b>（STET.U），并专注于国家安全<b>C5采集</b>（CXAC.U），均申请融资2.5亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d5511ea792913c66e66e3852f374bcc\" tg-width=\"1124\" tg-height=\"634\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b1f111bcd3d962b45529e6e08bf6b6e0\" tg-width=\"950\" tg-height=\"706\" referrerpolicy=\"no-referrer\"><b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/18/2021, the Renaissance IPO Index was up 5.2% year-to-date, while the S&amp;P 500 was up 25.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW) and <a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies (UBER). The Renaissance International IPO Index was down 20.0% year-to-date, while the ACWX was up 9.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Meituan-Dianping and SoftBank.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2021年11月18日，文艺复兴IPO指数今年迄今上涨了5.2%，而标普500上涨了25.3%。Renaissance Capital的IPO ETF（纽约证券交易所股票代码：IPO）跟踪该指数，持有的顶级ETF包括<a href=\"https://laohu8.com/S/SNOW\">雪花</a>（雪）和<a href=\"https://laohu8.com/S/UBER\">优步</a>技术（优步）。Renaissance International IPO指数今年迄今下跌20.0%，而ACWX指数上涨9.4%。Renaissance Capital的国际IPO ETF（纽约证券交易所股票代码：IPOS）跟踪该指数，持有最多的ETF包括美团-W大众点评和软银。</blockquote></p><p></p>","source":"lsy1603787993745","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 Weekly Recap: 7 IPOs debut ahead of the Thanksgiving holiday<blockquote>美国IPO每周回顾：感恩节假期前7家IPO首次亮相</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 Weekly Recap: 7 IPOs debut ahead of the Thanksgiving holiday<blockquote>美国IPO每周回顾：感恩节假期前7家IPO首次亮相</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-11-20 09:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant&nbsp;<a href=\"https://laohu8.com/S/KLC\"><b>KinderCare</b></a> postponed, and Canada-listed&nbsp;<b>Sangoma Technologies</b>(SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for post-Thanksgiving launches, with nine IPOs and 13 SPACs submitting initial filings.</p><p><blockquote>假期前，IPO市场相对平静，七起IPO筹集了15亿美元。12个SPAC也定价。两笔交易未能完成：托儿巨头<a href=\"https://laohu8.com/S/KLC\"><b>托儿</b></a>推迟，并在加拿大上市<b>桑格玛技术公司</b>(SANG)终止了其拟议的美国发行。新发行人继续加入管道，为感恩节后的发行做准备，9家IPO和13家SPAC提交了初始文件。</blockquote></p><p> Fast casual salad chain&nbsp;<a href=\"https://laohu8.com/S/SG\"><b>Sweetgreen</b></a> upsized and priced well above the range to raise $364 million at a $3.4 billion market cap. One of the fastest-growing restaurants in the US, Sweetgreen owns and operates 140 restaurants across 13 states and DC. While it is highly unprofitable, the company has a strong digital presence and plans double its store count in the next three to five years. Sweetgreen finished up 89%.</p><p><blockquote>快速休闲沙拉连锁店<a href=\"https://laohu8.com/S/SG\"><b>甜绿</b></a>规模扩大，定价远高于区间，以34亿美元的市值筹集了3.64亿美元。Sweetgreen是美国发展最快的餐厅之一，在13个州和DC拥有并经营140家餐厅。虽然该公司非常无利可图，但它拥有强大的数字业务，并计划在未来三到五年内将其商店数量增加一倍。Sweetgreen收盘上涨89%。</blockquote></p><p> Germany-based&nbsp;<a href=\"https://laohu8.com/S/SEV\"><b>Sono Group</b></a> priced at the midpoint to raise $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Despite already accepting 16,000 pre-orders worth $390 million in net sales, it is not expected to reach commercialization until 2023, and will remain highly unprofitable for years. After popping 155% on its first day, Sono finished the week up 65%.</p><p><blockquote>总部位于德国<a href=\"https://laohu8.com/S/SEV\"><b>索诺集团</b></a>定价为中点，以11亿美元的市值筹集1.5亿美元。该公司正在开发它认为是颠覆性的太阳能技术，以及太阳能和电池驱动的汽车。尽管已经接受了16,000份预购订单，净销售额为3.9亿美元，但预计要到2023年才能实现商业化，并且多年来仍将高度无利可图。Sono首日上涨155%后，本周收盘上涨65%。</blockquote></p><p> <a href=\"https://laohu8.com/S/BRZE\"><b>Braze</b></a> priced well above the range to raise $520 million at a $6.7 billion market cap. Founder-led Braze provides a customer engagement platform used by businesses to improve their marketing. Unprofitable with strong growth, Braze serves over 1,100 clients with net revenue retention of 120%+ as of 7/31/21. Braze finished up 45%.</p><p><blockquote><a href=\"https://laohu8.com/S/BRZE\"><b>钎焊</b></a>定价远高于以67亿美元的市值筹集5.2亿美元的区间。创始人领导的Braze提供了一个客户参与平台，供企业用来改善其营销。截至2011年7月31日，Braze为1,100多家客户提供服务，净收入保留率为120%以上，但增长强劲。Braze收盘上涨45%。</blockquote></p><p> <a href=\"https://laohu8.com/S/USER\"><b>UserTesting</b></a> downsized and priced below the range to raise $140 million at a $2.3 billion market cap. The company provides a video-first customer feedback platform for enterprises driven by capturing various human signals. While it has a diverse customer base and strong net dollar-based retention, the company remains unprofitable due to high S&amp;M spend. UserTesting finished down 4%.</p><p><blockquote><a href=\"https://laohu8.com/S/USER\"><b>用户测试</b></a>规模缩小，定价低于区间，以23亿美元的市值筹集1.4亿美元。该公司为企业提供了一个视频优先的客户反馈平台，通过捕捉各种人类信号来驱动。尽管该公司拥有多元化的客户群和强大的美元净保留率，但由于S&amp;M支出较高，该公司仍然无法盈利。用户测试收盘下跌4%。</blockquote></p><p> Australia’s&nbsp;<a href=\"https://laohu8.com/S/IREN\"><b>Iris Energy</b>&nbsp;</a>, a Bitcoin mining company primarily powered by renewable energy, priced above the range to raise $232 million at a $1.6 billion market cap. Iris acquired its first site in British Columbia in January 2021. The company is dependent on the Bitcoin market, and while prices have risen near all-time highs, it remains highly volatile. Iris finished down 11%.</p><p><blockquote>澳大利亚的<a href=\"https://laohu8.com/S/IREN\"><b>虹膜能量</b> </a>是一家主要由可再生能源供电的比特币矿业公司，定价高于筹集2.32亿美元的区间，市值为16亿美元。Iris于2021年1月收购了其在不列颠哥伦比亚省的第一个站点。该公司依赖比特币市场，尽管价格已升至接近历史高点，但仍高度波动。Iris收盘下跌11%。</blockquote></p><p> Utah-based digital bank&nbsp;<a href=\"https://laohu8.com/S/FINW\"><b>FinWise Bancorp</b></a> priced within the range to raise $37 million at a $135 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 9/30/21, FinWise Bancorp had total assets of $338 million, total loans of $249 million, total deposits of $253 million, and total shareholders' equity of $69 million. FinWise finished up 21%.</p><p><blockquote>犹他州数字银行<a href=\"https://laohu8.com/S/FINW\"><b>FinWise银行</b></a>定价在以1.35亿美元的市值筹集3700万美元的范围内。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21年9月30日，FinWise Bancorp的总资产为3.38亿美元，贷款总额为2.49亿美元，存款总额为2.53亿美元，股东权益总额为6900万美元。FinWise收盘上涨21%。</blockquote></p><p> Canadian lithium mining company&nbsp;<b>Snow Lake Resources</b>&nbsp;(LITM) upsized and priced at the high end to raise $24 million at a $131 million market cap. Snow Lake aims to focus sales to the EV and battery storage markets in the US and abroad. The company has a limited operating history and has not generated any revenue to date. Snow Lake finished up 73%.</p><p><blockquote>加拿大锂矿公司<b>雪湖资源</b>(LITM)扩大规模并定价高端，以1.31亿美元的市值筹集了2400万美元。Snow Lake的目标是将销售重点放在美国和国外的电动汽车和电池存储市场。该公司的经营历史有限，迄今为止尚未产生任何收入。雪湖收盘上涨73%。</blockquote></p><p> 12 SPACs went public led by Cohen and Gilbert’s fintech-focused&nbsp;<a href=\"https://laohu8.com/S/ZINGU\"><b>FTAC Zeus Acquisition</b></a>, which raised $350 million.</p><p><blockquote>Cohen和Gilbert专注于金融科技的12家SPAC上市<a href=\"https://laohu8.com/S/ZINGU\"><b>FTAC宙斯收购</b></a>，筹集了3.5亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff243dd5442ea07e3dd4f53053045d11\" tg-width=\"1125\" tg-height=\"642\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0982d742ac2769a760e660322f8dad90\" tg-width=\"1125\" tg-height=\"589\" referrerpolicy=\"no-referrer\">Nine IPOs submitted initial filings. Greek yogurt brand&nbsp;<b>Chobani</b>&nbsp;(CHO) filed for an estimated $1.5 billion IPO. Indian IT services provider&nbsp;<b>Coforge</b>&nbsp;(CFRG.RC) and IoT solutions developer&nbsp;<b>Samsara</b>&nbsp;(IOT) both filed for estimated $1 billion IPOs. Brazilian steakhouse chain&nbsp;<b>Fogo Hospitality</b>(FOGO), commercial REIT&nbsp;<b><a href=\"https://laohu8.com/S/FSPR\">Four Springs Capital Trust</a></b>(FSPR), energy efficiency solutions provider&nbsp;<b>Redaptive</b>&nbsp;(EAAS), and neurodegenerative disease biotech&nbsp;<b>Vigil Neuroscience</b>(VIGL) all filed to raise $100 million. Advertising and analytics firm&nbsp;<b>Samba TV</b>&nbsp;(SMBA) filed to raise $75 million, and adtech company&nbsp;<b>Direct Digital(DLR) Holdings</b>(DRCT) filed to raise $40 million.</p><p><blockquote>九家IPO提交了初始文件。希腊酸奶品牌<b>乔巴尼</b>(CHO)申请了估计15亿美元的IPO。印度IT服务提供商<b>科福吉</b>(CFRG.RC)和物联网解决方案开发商<b>轮回</b>(IOT)均申请了估计10亿美元的IPO。巴西牛排连锁店<b>福戈酒店</b>（FOGO）、商业房地产投资信托基金<b><a href=\"https://laohu8.com/S/FSPR\">四泉资本信托</a></b>(FSPR)，能源效率解决方案提供商<b>编辑的</b>（EAAS）和神经退行性疾病生物技术<b>守夜神经科学</b>(VIGL)全部申请筹集1亿美元。广告和分析公司<b>桑巴电视</b>(SMBA)申请筹集7500万美元，adtech公司<b>直接数字(DLR)控股</b>(DRCT)申请筹集4000万美元。</blockquote></p><p></p><p> 13 SPACs submitted initial filings, led by power-grid focused&nbsp;<b>Power(PW) &amp; Digital Infrastructure Acquisition II</b>(XPDBU), fintech-focused&nbsp;<b>Motive Capital II</b>(MTVC.U), energy transition-focused&nbsp;<b>ST Energy Transition I</b>&nbsp;(STET.U), and national security-focused&nbsp;<b>C5 Acquisition</b>&nbsp;(CXAC.U), which all filed to raise $250 million.</p><p><blockquote>13家SPAC提交了初始文件，其中以电网为重点<b>电力(PW)和数字基础设施收购II</b>(XPDBU)，专注于金融科技<b>动机资本II</b>(MTVC.U)，专注于能源转型<b>ST能源转型I</b>（STET.U），并专注于国家安全<b>C5采集</b>（CXAC.U），均申请融资2.5亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d5511ea792913c66e66e3852f374bcc\" tg-width=\"1124\" tg-height=\"634\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b1f111bcd3d962b45529e6e08bf6b6e0\" tg-width=\"950\" tg-height=\"706\" referrerpolicy=\"no-referrer\"><b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/18/2021, the Renaissance IPO Index was up 5.2% year-to-date, while the S&amp;P 500 was up 25.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW) and <a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies (UBER). The Renaissance International IPO Index was down 20.0% year-to-date, while the ACWX was up 9.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Meituan-Dianping and SoftBank.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2021年11月18日，文艺复兴IPO指数今年迄今上涨了5.2%，而标普500上涨了25.3%。Renaissance Capital的IPO ETF（纽约证券交易所股票代码：IPO）跟踪该指数，持有的顶级ETF包括<a href=\"https://laohu8.com/S/SNOW\">雪花</a>（雪）和<a href=\"https://laohu8.com/S/UBER\">优步</a>技术（优步）。Renaissance International IPO指数今年迄今下跌20.0%，而ACWX指数上涨9.4%。Renaissance Capital的国际IPO ETF（纽约证券交易所股票代码：IPOS）跟踪该指数，持有最多的ETF包括美团-W大众点评和软银。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/88864/US-IPO-Weekly-Recap-7-IPOs-debut-ahead-of-the-Thanksgiving-holiday\">Renaissance Capital</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":{"BRZE":"Braze, Inc.","SG":"Sweetgreen, Inc.","USER":"UserTesting, INC.","SEV":"Aptera Motors","FINW":"Finwise Bancorp","IREN":"IREN Ltd"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/88864/US-IPO-Weekly-Recap-7-IPOs-debut-ahead-of-the-Thanksgiving-holiday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120773635","content_text":"The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant KinderCare postponed, and Canada-listed Sangoma Technologies(SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for post-Thanksgiving launches, with nine IPOs and 13 SPACs submitting initial filings.\nFast casual salad chain Sweetgreen upsized and priced well above the range to raise $364 million at a $3.4 billion market cap. One of the fastest-growing restaurants in the US, Sweetgreen owns and operates 140 restaurants across 13 states and DC. While it is highly unprofitable, the company has a strong digital presence and plans double its store count in the next three to five years. Sweetgreen finished up 89%.\nGermany-based Sono Group priced at the midpoint to raise $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Despite already accepting 16,000 pre-orders worth $390 million in net sales, it is not expected to reach commercialization until 2023, and will remain highly unprofitable for years. After popping 155% on its first day, Sono finished the week up 65%.\nBraze priced well above the range to raise $520 million at a $6.7 billion market cap. Founder-led Braze provides a customer engagement platform used by businesses to improve their marketing. Unprofitable with strong growth, Braze serves over 1,100 clients with net revenue retention of 120%+ as of 7/31/21. Braze finished up 45%.\nUserTesting downsized and priced below the range to raise $140 million at a $2.3 billion market cap. The company provides a video-first customer feedback platform for enterprises driven by capturing various human signals. While it has a diverse customer base and strong net dollar-based retention, the company remains unprofitable due to high S&M spend. UserTesting finished down 4%.\nAustralia’s Iris Energy , a Bitcoin mining company primarily powered by renewable energy, priced above the range to raise $232 million at a $1.6 billion market cap. Iris acquired its first site in British Columbia in January 2021. The company is dependent on the Bitcoin market, and while prices have risen near all-time highs, it remains highly volatile. Iris finished down 11%.\nUtah-based digital bank FinWise Bancorp priced within the range to raise $37 million at a $135 million market cap. FinWise Bank makes loans to and takes deposits from consumers and small businesses across the US. As of 9/30/21, FinWise Bancorp had total assets of $338 million, total loans of $249 million, total deposits of $253 million, and total shareholders' equity of $69 million. FinWise finished up 21%.\nCanadian lithium mining company Snow Lake Resources (LITM) upsized and priced at the high end to raise $24 million at a $131 million market cap. Snow Lake aims to focus sales to the EV and battery storage markets in the US and abroad. The company has a limited operating history and has not generated any revenue to date. Snow Lake finished up 73%.\n12 SPACs went public led by Cohen and Gilbert’s fintech-focused FTAC Zeus Acquisition, which raised $350 million.\nNine IPOs submitted initial filings. Greek yogurt brand Chobani (CHO) filed for an estimated $1.5 billion IPO. Indian IT services provider Coforge (CFRG.RC) and IoT solutions developer Samsara (IOT) both filed for estimated $1 billion IPOs. Brazilian steakhouse chain Fogo Hospitality(FOGO), commercial REIT Four Springs Capital Trust(FSPR), energy efficiency solutions provider Redaptive (EAAS), and neurodegenerative disease biotech Vigil Neuroscience(VIGL) all filed to raise $100 million. Advertising and analytics firm Samba TV (SMBA) filed to raise $75 million, and adtech company Direct Digital(DLR) Holdings(DRCT) filed to raise $40 million.\n13 SPACs submitted initial filings, led by power-grid focused Power(PW) & Digital Infrastructure Acquisition II(XPDBU), fintech-focused Motive Capital II(MTVC.U), energy transition-focused ST Energy Transition I (STET.U), and national security-focused C5 Acquisition (CXAC.U), which all filed to raise $250 million.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/18/2021, the Renaissance IPO Index was up 5.2% year-to-date, while the S&P 500 was up 25.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Uber Technologies (UBER). The Renaissance International IPO Index was down 20.0% year-to-date, while the ACWX was up 9.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Meituan-Dianping and SoftBank.","news_type":1,"symbols_score_info":{"SEV":0.9,"FINW":0.9,"ZINGU":0.9,"BRZE":0.9,"USER":0.9,"IREN":0.9,"SG":0.9}},"isVote":1,"tweetType":1,"viewCount":2953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876775486,"gmtCreate":1637370704984,"gmtModify":1637370705456,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"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/876775486","repostId":"2184981058","repostType":4,"isVote":1,"tweetType":1,"viewCount":2780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876492743,"gmtCreate":1637336466206,"gmtModify":1637336466807,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876492743","repostId":"1190357165","repostType":4,"repost":{"id":"1190357165","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":1637335635,"share":"https://www.laohu8.com/m/news/1190357165?lang=zh_CN&edition=full","pubTime":"2021-11-19 23:27","market":"us","language":"en","title":"EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%<blockquote>电动汽车股早盘反弹，Lucid上涨近12%，Rivian上涨超过6%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190357165","media":"Tiger Newspress","summary":"EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%.Apple is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again.","content":"<p>EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%.<img src=\"https://static.tigerbbs.com/bf30bb80e11766be1ebdd4f81a55f6bd\" tg-width=\"277\" tg-height=\"244\" referrerpolicy=\"no-referrer\">Apple&nbsp;is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's&nbsp;progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again.</p><p><blockquote>电动汽车股早盘反弹，Lucid上涨近12%，Rivian上涨超过6%。苹果再次成为电动汽车领域讨论的焦点，彭博社报道称，这家科技巨头的目标是在四年内推出自动驾驶汽车。苹果在开发一种主要由神经处理器组成的芯片方面取得的进展，可以处理自动驾驶所需的人工智能，这是推动苹果汽车项目再次向前发展的动力。</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>EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%<blockquote>电动汽车股早盘反弹，Lucid上涨近12%，Rivian上涨超过6%</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\">\nEV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%<blockquote>电动汽车股早盘反弹，Lucid上涨近12%，Rivian上涨超过6%</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\">2021-11-19 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%.<img src=\"https://static.tigerbbs.com/bf30bb80e11766be1ebdd4f81a55f6bd\" tg-width=\"277\" tg-height=\"244\" referrerpolicy=\"no-referrer\">Apple&nbsp;is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's&nbsp;progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again.</p><p><blockquote>电动汽车股早盘反弹，Lucid上涨近12%，Rivian上涨超过6%。苹果再次成为电动汽车领域讨论的焦点，彭博社报道称，这家科技巨头的目标是在四年内推出自动驾驶汽车。苹果在开发一种主要由神经处理器组成的芯片方面取得的进展，可以处理自动驾驶所需的人工智能，这是推动苹果汽车项目再次向前发展的动力。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190357165","content_text":"EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%.Apple is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again.","news_type":1,"symbols_score_info":{"RIVN":0.9,"LCID":0.9}},"isVote":1,"tweetType":1,"viewCount":2752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876034082,"gmtCreate":1637242938765,"gmtModify":1637242938922,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"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/876034082","repostId":"1164154545","repostType":4,"repost":{"id":"1164154545","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":1637242506,"share":"https://www.laohu8.com/m/news/1164154545?lang=zh_CN&edition=full","pubTime":"2021-11-18 21:35","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164154545","media":"Tiger Newspress","summary":"U.S. jobless claims total 268,000, about as expected.Stock-index futures remain slightly higher afte","content":"<p>U.S. jobless claims total 268,000, about as expected.Stock-index futures remain slightly higher after weekly jobless claims.</p><p><blockquote>美国初请失业金人数总计268,000人，与预期大致相同。每周初请失业金人数后，股指期货仍小幅走高。</blockquote></p><p> At 8:34 a.m. ET, Dow e-minis were up 25 points, or 0.07%. S&amp;P 500 e-minis were up 11.5 points, or 0.24% and Nasdaq 100 e-minis were up 81.5 points, or 0.5%.</p><p><blockquote>美国东部时间上午8:34，道琼斯电子迷你指数上涨25点，即0.07%。标普500 e-mini上涨11.5点，即0.24%，纳斯达克100 e-mini上涨81.5点，即0.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c2323335c4b6a87d86114934b4851738\" tg-width=\"401\" tg-height=\"184\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Nvidia(NVDA)</b> – Nvidia came in 6 cents above estimates with adjusted quarterly earnings of $1.17 per share, and the graphics chip maker saw revenue come in above forecasts as well. Nvidia is benefiting from high demand for videogame and data center chips. The stock jumped 8.2% in the premarket.</p><p><blockquote><b>英伟达(NVDA)</b>-Nvidia调整后季度收益为每股1.17美元，比预期高出6美分，这家图形芯片制造商的收入也高于预期。英伟达受益于对视频游戏和数据中心芯片的高需求。该股盘前上涨8.2%。</blockquote></p><p> <b>Alibaba(BABA)</b> – The Chinese e-commerce giant slid 6.4% in premarket action after top- and bottom-line misses in its latest quarterly report. Alibaba is attributing the drop in profit from a year ago to a decline in the value of its equity investments.</p><p><blockquote><b>阿里巴巴-SW（父亲）</b>-这家中国电子商务巨头在最新季度报告中营收和利润均未达标后，盘前股价下跌6.4%。阿里巴巴-SW将利润较一年前下降归因于其股权投资价值下降。</blockquote></p><p> <b>JD.com(JD)</b> – JD.com beat estimates on both the top and bottom lines with the China-based e-commerce company continuing to benefit from sustained and elevated demand for online shopping. Shares rose 3% in the premarket.</p><p><blockquote><b>京东(JD)</b>-京东的营收和利润均超出预期，这家总部位于中国的电子商务公司继续受益于在线购物需求的持续增长。盘前股价上涨3%。</blockquote></p><p> <b>Macy’s(M)</b> – Macy’s surged 11.1% in the premarket after the retailer reported better-than-expected quarterly sales and profit, and raised its full-year outlook. Macy’s earned an adjusted $1.23 per share for the quarter, well above the 31-cent consensus estimate, and the raised forecast is easing concern about holiday season inventory shortages.</p><p><blockquote><b>梅西百货(M)</b>-梅西百货盘前飙升11.1%，此前该零售商公布季度销售额和利润好于预期，并上调了全年预期。梅西百货本季度调整后每股收益为1.23美元，远高于31美分的普遍预期，上调的预测缓解了人们对假日季库存短缺的担忧。</blockquote></p><p> <b>Roblox(RBLX)</b>&nbsp;–&nbsp;Morgan Stanley raised its price target on Roblox to $150 per share from $88. The new target is 20% above where the stock closed Wednesday and is the highest among major Wall Street firms, according to FactSet. Shares rose nearly 4% in premarket trading Thursday.</p><p><blockquote><b>机器人(RBLX)</b>-摩根士丹利将Roblox的目标价从每股88美元上调至150美元。FactSet的数据显示，新目标比该股周三收盘价高出20%，是华尔街主要公司中最高的。周四盘前交易中，股价上涨近4%。</blockquote></p><p> <b>BJ’s Wholesale(BJ) </b>– The warehouse retailer beat estimates by 11 cents with adjusted quarterly earnings of 91 cents per share, while revenue and comparable-store sales also topped forecasts. BJ’s also announced a new stock buyback program worth up to $500 million.The&nbsp;shares&nbsp;rose&nbsp;6.1%&nbsp;in the premarket.</p><p><blockquote><b>北京批发(BJ)</b>-这家仓储零售商调整后季度收益为每股91美分，超出预期11美分，而收入和同店销售额也超出预期。BJ还宣布了一项价值高达5亿美元的新股票回购计划。该公司股价在盘前上涨6.</blockquote></p><p> <b>Kohl’s(KSS)</b> – Kohl’s rallied 8.5% in premarket trading as the retailer reported adjusted quarterly earnings of $1.65 per share compared with a consensus estimate of 64 cents. Kohl’s also reported better-than-expected revenue and comparable store sales, and raised its full-year sales forecast.</p><p><blockquote><b>美国柯尔百货公司(KSS)</b>-Kohl's在盘前交易中上涨8.5%，该零售商公布调整后季度收益为每股1.65美元，而市场普遍预期为64美分。Kohl's还公布了好于预期的营收和可比门店销售额，并上调了全年销售预期。</blockquote></p><p> <b>Petco(WOOF)</b> – The pet products retailer beat estimates by 2 cents with adjusted quarterly earnings of 20 cents per share and revenue also above estimates. Comparable store sales were also better than expected, and Petco raised its full-year forecast.</p><p><blockquote><b>Petco(WOOF)</b>-这家宠物产品零售商超出预期2美分，调整后季度收益为每股20美分，收入也高于预期。可比门店销售额也好于预期，Petco上调了全年预期。</blockquote></p><p> <b>Cisco Systems(CSCO)</b> – Cisco tumbled 6.8% in premarket trading after forecasting current-quarter revenue below forecasts. The networking equipment company is seeing supply chain and other issues driving up costs. Cisco did report better-than-expected earnings for its most recent quarter, but revenue was slightly short of Wall Street forecasts.</p><p><blockquote><b>思科系统公司(CSCO)</b>-思科在预测本季度收入低于预期后，在盘前交易中下跌6.8%。这家网络设备公司发现供应链和其他问题推高了成本。思科最近一个季度的盈利确实好于预期，但收入略低于华尔街的预测。</blockquote></p><p> <b>Sonos(SONO)</b> – Sonos matched estimates in reporting a quarterly loss of 7 cents per share, but the maker of wireless home audio equipment saw revenue come in slightly below analyst projections. However, Sonos also issued a better-than-expected fiscal 2022 sales forecast, even in the face of supply constraints that are impacting its production levels, and the stock added 3.6% in premarket action.</p><p><blockquote><b>Sonos（睡眠）</b>-Sonos报告季度每股亏损7美分，符合预期，但这家无线家庭音频设备制造商的收入略低于分析师预测。然而，Sonos还发布了好于预期的2022财年销售预测，即使面临影响其生产水平的供应限制，该股在盘前上涨了3.6%。</blockquote></p><p> <b>Bath &amp; Body Works(BBWI)</b> – Bath &amp; Body Works reported an adjusted quarterly profit of 92 cents per share, beating the 60 cents consensus estimate, while the personal care products retailer also saw revenue beat Wall Street forecasts. The quarterly report was the first for Bath &amp; Body Works as a standalone company following the split-up of L Brands. The stock gained 6.4% in premarket trading.</p><p><blockquote><b>沐浴与身体工程(BBWI)</b>-Bath&amp;Body Works报告调整后季度利润为每股92美分，超出市场普遍预期的60美分，而这家个人护理产品零售商的收入也超出了华尔街的预期。这是Bath&amp;Body Works在L Brands分拆后作为独立公司发布的第一份季度报告。该股在盘前交易中上涨6.4%。</blockquote></p><p> <b>Victoria’s Secret(VSCO)</b> – Victoria’s Secret shares surged 10.9% in premarket trading after the company beat estimates by 10 cents with adjusted quarterly earnings of 81 cents per share. This was the first quarterly report for Victoria’s Secret as a standalone company, also a product of the L Brands split-up.</p><p><blockquote><b>维多利亚的秘密(VSCO)</b>-维多利亚的秘密股价在盘前交易中飙升10.9%，此前该公司调整后季度收益为每股81美分，超出预期10美分。这是维多利亚的秘密作为独立公司的第一份季度报告，也是L Brands分拆的产品。</blockquote></p><p> <b>Deere(DE)</b> – Deere workers approved a new six-year contract after rejecting two previous tentative deals, ending a strike that began October 14. Deere rose 2.4% in the premarket.</p><p><blockquote><b>Deere（DE）</b>-Deere工人在拒绝了之前的两项暂定协议后批准了一份新的六年合同，结束了10月14日开始的罢工。Deere盘前上涨2.4%。</blockquote></p><p> <b>Maxeon Solar Technologies(MAXN)</b>&nbsp;–&nbsp;U.S.-listed shares of Singapore-based Maxeon Solar Technologies fell 10% as the solar technology company forecast dismal fourth-quarter revenue after posting downbeat quarterly earnings.</p><p><blockquote><b>Maxeon太阳能技术公司(MAXN)</b>-总部位于新加坡的Maxeon Solar Technologies在美国上市的股价下跌10%，该太阳能技术公司在公布悲观的季度收益后预测第四季度营收将惨淡。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</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\">2021-11-18 21:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. jobless claims total 268,000, about as expected.Stock-index futures remain slightly higher after weekly jobless claims.</p><p><blockquote>美国初请失业金人数总计268,000人，与预期大致相同。每周初请失业金人数后，股指期货仍小幅走高。</blockquote></p><p> At 8:34 a.m. ET, Dow e-minis were up 25 points, or 0.07%. S&amp;P 500 e-minis were up 11.5 points, or 0.24% and Nasdaq 100 e-minis were up 81.5 points, or 0.5%.</p><p><blockquote>美国东部时间上午8:34，道琼斯电子迷你指数上涨25点，即0.07%。标普500 e-mini上涨11.5点，即0.24%，纳斯达克100 e-mini上涨81.5点，即0.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c2323335c4b6a87d86114934b4851738\" tg-width=\"401\" tg-height=\"184\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Nvidia(NVDA)</b> – Nvidia came in 6 cents above estimates with adjusted quarterly earnings of $1.17 per share, and the graphics chip maker saw revenue come in above forecasts as well. Nvidia is benefiting from high demand for videogame and data center chips. The stock jumped 8.2% in the premarket.</p><p><blockquote><b>英伟达(NVDA)</b>-Nvidia调整后季度收益为每股1.17美元，比预期高出6美分，这家图形芯片制造商的收入也高于预期。英伟达受益于对视频游戏和数据中心芯片的高需求。该股盘前上涨8.2%。</blockquote></p><p> <b>Alibaba(BABA)</b> – The Chinese e-commerce giant slid 6.4% in premarket action after top- and bottom-line misses in its latest quarterly report. Alibaba is attributing the drop in profit from a year ago to a decline in the value of its equity investments.</p><p><blockquote><b>阿里巴巴-SW（父亲）</b>-这家中国电子商务巨头在最新季度报告中营收和利润均未达标后，盘前股价下跌6.4%。阿里巴巴-SW将利润较一年前下降归因于其股权投资价值下降。</blockquote></p><p> <b>JD.com(JD)</b> – JD.com beat estimates on both the top and bottom lines with the China-based e-commerce company continuing to benefit from sustained and elevated demand for online shopping. Shares rose 3% in the premarket.</p><p><blockquote><b>京东(JD)</b>-京东的营收和利润均超出预期，这家总部位于中国的电子商务公司继续受益于在线购物需求的持续增长。盘前股价上涨3%。</blockquote></p><p> <b>Macy’s(M)</b> – Macy’s surged 11.1% in the premarket after the retailer reported better-than-expected quarterly sales and profit, and raised its full-year outlook. Macy’s earned an adjusted $1.23 per share for the quarter, well above the 31-cent consensus estimate, and the raised forecast is easing concern about holiday season inventory shortages.</p><p><blockquote><b>梅西百货(M)</b>-梅西百货盘前飙升11.1%，此前该零售商公布季度销售额和利润好于预期，并上调了全年预期。梅西百货本季度调整后每股收益为1.23美元，远高于31美分的普遍预期，上调的预测缓解了人们对假日季库存短缺的担忧。</blockquote></p><p> <b>Roblox(RBLX)</b>&nbsp;–&nbsp;Morgan Stanley raised its price target on Roblox to $150 per share from $88. The new target is 20% above where the stock closed Wednesday and is the highest among major Wall Street firms, according to FactSet. Shares rose nearly 4% in premarket trading Thursday.</p><p><blockquote><b>机器人(RBLX)</b>-摩根士丹利将Roblox的目标价从每股88美元上调至150美元。FactSet的数据显示，新目标比该股周三收盘价高出20%，是华尔街主要公司中最高的。周四盘前交易中，股价上涨近4%。</blockquote></p><p> <b>BJ’s Wholesale(BJ) </b>– The warehouse retailer beat estimates by 11 cents with adjusted quarterly earnings of 91 cents per share, while revenue and comparable-store sales also topped forecasts. BJ’s also announced a new stock buyback program worth up to $500 million.The&nbsp;shares&nbsp;rose&nbsp;6.1%&nbsp;in the premarket.</p><p><blockquote><b>北京批发(BJ)</b>-这家仓储零售商调整后季度收益为每股91美分，超出预期11美分，而收入和同店销售额也超出预期。BJ还宣布了一项价值高达5亿美元的新股票回购计划。该公司股价在盘前上涨6.</blockquote></p><p> <b>Kohl’s(KSS)</b> – Kohl’s rallied 8.5% in premarket trading as the retailer reported adjusted quarterly earnings of $1.65 per share compared with a consensus estimate of 64 cents. Kohl’s also reported better-than-expected revenue and comparable store sales, and raised its full-year sales forecast.</p><p><blockquote><b>美国柯尔百货公司(KSS)</b>-Kohl's在盘前交易中上涨8.5%，该零售商公布调整后季度收益为每股1.65美元，而市场普遍预期为64美分。Kohl's还公布了好于预期的营收和可比门店销售额，并上调了全年销售预期。</blockquote></p><p> <b>Petco(WOOF)</b> – The pet products retailer beat estimates by 2 cents with adjusted quarterly earnings of 20 cents per share and revenue also above estimates. Comparable store sales were also better than expected, and Petco raised its full-year forecast.</p><p><blockquote><b>Petco(WOOF)</b>-这家宠物产品零售商超出预期2美分，调整后季度收益为每股20美分，收入也高于预期。可比门店销售额也好于预期，Petco上调了全年预期。</blockquote></p><p> <b>Cisco Systems(CSCO)</b> – Cisco tumbled 6.8% in premarket trading after forecasting current-quarter revenue below forecasts. The networking equipment company is seeing supply chain and other issues driving up costs. Cisco did report better-than-expected earnings for its most recent quarter, but revenue was slightly short of Wall Street forecasts.</p><p><blockquote><b>思科系统公司(CSCO)</b>-思科在预测本季度收入低于预期后，在盘前交易中下跌6.8%。这家网络设备公司发现供应链和其他问题推高了成本。思科最近一个季度的盈利确实好于预期，但收入略低于华尔街的预测。</blockquote></p><p> <b>Sonos(SONO)</b> – Sonos matched estimates in reporting a quarterly loss of 7 cents per share, but the maker of wireless home audio equipment saw revenue come in slightly below analyst projections. However, Sonos also issued a better-than-expected fiscal 2022 sales forecast, even in the face of supply constraints that are impacting its production levels, and the stock added 3.6% in premarket action.</p><p><blockquote><b>Sonos（睡眠）</b>-Sonos报告季度每股亏损7美分，符合预期，但这家无线家庭音频设备制造商的收入略低于分析师预测。然而，Sonos还发布了好于预期的2022财年销售预测，即使面临影响其生产水平的供应限制，该股在盘前上涨了3.6%。</blockquote></p><p> <b>Bath &amp; Body Works(BBWI)</b> – Bath &amp; Body Works reported an adjusted quarterly profit of 92 cents per share, beating the 60 cents consensus estimate, while the personal care products retailer also saw revenue beat Wall Street forecasts. The quarterly report was the first for Bath &amp; Body Works as a standalone company following the split-up of L Brands. The stock gained 6.4% in premarket trading.</p><p><blockquote><b>沐浴与身体工程(BBWI)</b>-Bath&amp;Body Works报告调整后季度利润为每股92美分，超出市场普遍预期的60美分，而这家个人护理产品零售商的收入也超出了华尔街的预期。这是Bath&amp;Body Works在L Brands分拆后作为独立公司发布的第一份季度报告。该股在盘前交易中上涨6.4%。</blockquote></p><p> <b>Victoria’s Secret(VSCO)</b> – Victoria’s Secret shares surged 10.9% in premarket trading after the company beat estimates by 10 cents with adjusted quarterly earnings of 81 cents per share. This was the first quarterly report for Victoria’s Secret as a standalone company, also a product of the L Brands split-up.</p><p><blockquote><b>维多利亚的秘密(VSCO)</b>-维多利亚的秘密股价在盘前交易中飙升10.9%，此前该公司调整后季度收益为每股81美分，超出预期10美分。这是维多利亚的秘密作为独立公司的第一份季度报告，也是L Brands分拆的产品。</blockquote></p><p> <b>Deere(DE)</b> – Deere workers approved a new six-year contract after rejecting two previous tentative deals, ending a strike that began October 14. Deere rose 2.4% in the premarket.</p><p><blockquote><b>Deere（DE）</b>-Deere工人在拒绝了之前的两项暂定协议后批准了一份新的六年合同，结束了10月14日开始的罢工。Deere盘前上涨2.4%。</blockquote></p><p> <b>Maxeon Solar Technologies(MAXN)</b>&nbsp;–&nbsp;U.S.-listed shares of Singapore-based Maxeon Solar Technologies fell 10% as the solar technology company forecast dismal fourth-quarter revenue after posting downbeat quarterly earnings.</p><p><blockquote><b>Maxeon太阳能技术公司(MAXN)</b>-总部位于新加坡的Maxeon Solar Technologies在美国上市的股价下跌10%，该太阳能技术公司在公布悲观的季度收益后预测第四季度营收将惨淡。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"M":"梅西百货","JD":"京东",".IXIC":"NASDAQ Composite","KSS":"柯尔百货","MAXN":"Maxeon Solar Technologies Ltd",".DJI":"道琼斯",".SPX":"S&P 500 Index","BJ":"BJ批发俱乐部","BBWI":"Bath & Body Works Inc.","CSCO":"思科","SONO":"搜诺思公司","NVDA":"英伟达","RBLX":"Roblox Corporation","WOOF":"Petco Health and Wellness Company, Inc.","VSCO":"维多利亚的秘密","DE":"迪尔股份有限公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164154545","content_text":"U.S. jobless claims total 268,000, about as expected.Stock-index futures remain slightly higher after weekly jobless claims.\nAt 8:34 a.m. ET, Dow e-minis were up 25 points, or 0.07%. S&P 500 e-minis were up 11.5 points, or 0.24% and Nasdaq 100 e-minis were up 81.5 points, or 0.5%.\n\nStocks making the biggest moves premarket:\nNvidia(NVDA) – Nvidia came in 6 cents above estimates with adjusted quarterly earnings of $1.17 per share, and the graphics chip maker saw revenue come in above forecasts as well. Nvidia is benefiting from high demand for videogame and data center chips. The stock jumped 8.2% in the premarket.\nAlibaba(BABA) – The Chinese e-commerce giant slid 6.4% in premarket action after top- and bottom-line misses in its latest quarterly report. Alibaba is attributing the drop in profit from a year ago to a decline in the value of its equity investments.\nJD.com(JD) – JD.com beat estimates on both the top and bottom lines with the China-based e-commerce company continuing to benefit from sustained and elevated demand for online shopping. Shares rose 3% in the premarket.\nMacy’s(M) – Macy’s surged 11.1% in the premarket after the retailer reported better-than-expected quarterly sales and profit, and raised its full-year outlook. Macy’s earned an adjusted $1.23 per share for the quarter, well above the 31-cent consensus estimate, and the raised forecast is easing concern about holiday season inventory shortages.\nRoblox(RBLX) – Morgan Stanley raised its price target on Roblox to $150 per share from $88. The new target is 20% above where the stock closed Wednesday and is the highest among major Wall Street firms, according to FactSet. Shares rose nearly 4% in premarket trading Thursday.\nBJ’s Wholesale(BJ) – The warehouse retailer beat estimates by 11 cents with adjusted quarterly earnings of 91 cents per share, while revenue and comparable-store sales also topped forecasts. BJ’s also announced a new stock buyback program worth up to $500 million.The shares rose 6.1% in the premarket.\nKohl’s(KSS) – Kohl’s rallied 8.5% in premarket trading as the retailer reported adjusted quarterly earnings of $1.65 per share compared with a consensus estimate of 64 cents. Kohl’s also reported better-than-expected revenue and comparable store sales, and raised its full-year sales forecast.\nPetco(WOOF) – The pet products retailer beat estimates by 2 cents with adjusted quarterly earnings of 20 cents per share and revenue also above estimates. Comparable store sales were also better than expected, and Petco raised its full-year forecast.\nCisco Systems(CSCO) – Cisco tumbled 6.8% in premarket trading after forecasting current-quarter revenue below forecasts. The networking equipment company is seeing supply chain and other issues driving up costs. Cisco did report better-than-expected earnings for its most recent quarter, but revenue was slightly short of Wall Street forecasts.\nSonos(SONO) – Sonos matched estimates in reporting a quarterly loss of 7 cents per share, but the maker of wireless home audio equipment saw revenue come in slightly below analyst projections. However, Sonos also issued a better-than-expected fiscal 2022 sales forecast, even in the face of supply constraints that are impacting its production levels, and the stock added 3.6% in premarket action.\nBath & Body Works(BBWI) – Bath & Body Works reported an adjusted quarterly profit of 92 cents per share, beating the 60 cents consensus estimate, while the personal care products retailer also saw revenue beat Wall Street forecasts. The quarterly report was the first for Bath & Body Works as a standalone company following the split-up of L Brands. The stock gained 6.4% in premarket trading.\nVictoria’s Secret(VSCO) – Victoria’s Secret shares surged 10.9% in premarket trading after the company beat estimates by 10 cents with adjusted quarterly earnings of 81 cents per share. This was the first quarterly report for Victoria’s Secret as a standalone company, also a product of the L Brands split-up.\nDeere(DE) – Deere workers approved a new six-year contract after rejecting two previous tentative deals, ending a strike that began October 14. Deere rose 2.4% in the premarket.\nMaxeon Solar Technologies(MAXN) – U.S.-listed shares of Singapore-based Maxeon Solar Technologies fell 10% as the solar technology company forecast dismal fourth-quarter revenue after posting downbeat quarterly earnings.","news_type":1,"symbols_score_info":{"YMmain":0.9,"MAXN":0.9,"JD":0.9,"BJ":0.9,"RBLX":0.9,"WOOF":0.9,".DJI":0.9,"BBWI":0.9,"CSCO":0.9,".IXIC":0.9,"ESmain":0.9,"M":0.9,"VSCO":0.9,"SONO":0.9,".SPX":0.9,"KSS":0.9,"NVDA":0.9,"NQmain":0.9,"DE":0.9}},"isVote":1,"tweetType":1,"viewCount":3060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878308861,"gmtCreate":1637144730450,"gmtModify":1637144730611,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"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/878308861","repostId":"1154755901","repostType":4,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohu8.com/m/news/1154755901?lang=zh_CN&edition=full","pubTime":"2021-11-17 16:34","market":"us","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期，这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示，第三季度总收入为319.2亿元人民币（合49.5亿美元），略高于分析师根据Refinitiv的IBES数据，平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币（49.5亿美元），同比增长13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为195亿元人民币（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云和其他人工智能业务的推动下，销售额为52亿元人民币（8.06亿美元），同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币（25亿美元），同比增长26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币（3.58亿美元）。<b>百度核心营业收入</b>为37亿元人民币（5.77亿美元），百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币（7.31亿美元）。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元（9.04亿美元），百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额，净额</b>为215亿元人民币（33.4亿美元），其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币（2.86亿美元），而20年第三季度的所得税费用为16亿元人民币，主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币（25.7亿美元），每股美国存托凭证摊薄亏损为48.18元人民币（7.48美元）。<b>百度核心应佔净亏损</b>为156亿元人民币（24.3亿美元）。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币（7.9亿美元），非GAAP摊薄每股美国存托凭证收益为14.66元人民币（2.28美元）。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币（9.09亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币（9.25亿美元）。<b>百度核心调整后EBITDA</b>为70亿元人民币（10.9亿美元），百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元（302亿美元），以及<b>现金、现金等价物、限制性现金和短期投资（不包括爱奇艺）</b>为人民币1,836亿元（284.9亿美元）。<b>自由现金流</b>为6.91亿元人民币（1.08亿美元），以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币（4.49亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元非现金损失。</li><li>ESG：</li><li>-百度向赫尔菲南省捐赠9000万元人民币，以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”，实现视障语音控制和按需读屏，音频体验更流畅。</li><li>-10月，百度成立数据管理委员会，整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产，正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用，合同金额超过人民币1,000万元，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，并获得了411张自动驾驶许可证，反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍，在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot(ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年Q2，小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的月活跃用户数达到6.07亿，同比增长12%，日登录用户数达到79%的历史新高，反映了积极的用户体验。</li><li>通过持续的营销云增强（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</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\">2021-11-17 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期，这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示，第三季度总收入为319.2亿元人民币（合49.5亿美元），略高于分析师根据Refinitiv的IBES数据，平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币（49.5亿美元），同比增长13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为195亿元人民币（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云和其他人工智能业务的推动下，销售额为52亿元人民币（8.06亿美元），同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币（25亿美元），同比增长26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币（3.58亿美元）。<b>百度核心营业收入</b>为37亿元人民币（5.77亿美元），百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币（7.31亿美元）。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元（9.04亿美元），百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额，净额</b>为215亿元人民币（33.4亿美元），其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币（2.86亿美元），而20年第三季度的所得税费用为16亿元人民币，主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币（25.7亿美元），每股美国存托凭证摊薄亏损为48.18元人民币（7.48美元）。<b>百度核心应佔净亏损</b>为156亿元人民币（24.3亿美元）。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币（7.9亿美元），非GAAP摊薄每股美国存托凭证收益为14.66元人民币（2.28美元）。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币（9.09亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币（9.25亿美元）。<b>百度核心调整后EBITDA</b>为70亿元人民币（10.9亿美元），百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元（302亿美元），以及<b>现金、现金等价物、限制性现金和短期投资（不包括爱奇艺）</b>为人民币1,836亿元（284.9亿美元）。<b>自由现金流</b>为6.91亿元人民币（1.08亿美元），以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币（4.49亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元非现金损失。</li><li>ESG：</li><li>-百度向赫尔菲南省捐赠9000万元人民币，以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”，实现视障语音控制和按需读屏，音频体验更流畅。</li><li>-10月，百度成立数据管理委员会，整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产，正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用，合同金额超过人民币1,000万元，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，并获得了411张自动驾驶许可证，反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍，在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot(ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年Q2，小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的月活跃用户数达到6.07亿，同比增长12%，日登录用户数达到79%的历史新高，反映了积极的用户体验。</li><li>通过持续的营销云增强（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878308097,"gmtCreate":1637144658208,"gmtModify":1637144658378,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878308097","repostId":"1103932041","repostType":4,"isVote":1,"tweetType":1,"viewCount":3422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878301690,"gmtCreate":1637144615012,"gmtModify":1637144615173,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878301690","repostId":"1120506065","repostType":4,"repost":{"id":"1120506065","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":1637140375,"share":"https://www.laohu8.com/m/news/1120506065?lang=zh_CN&edition=full","pubTime":"2021-11-17 17:12","market":"us","language":"en","title":"Rivian jumped another 3.6% in premarket trading<blockquote>Rivian在盘前交易中又上涨3.6%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120506065","media":"Tiger Newspress","summary":"Rivian jumped another 3.6% in premarket trading after surging more than 15% yesterday.Rivian stock h","content":"<p>Rivian jumped another 3.6% in premarket trading&nbsp;after&nbsp;surging more than 15% yesterday.Rivian stock has more than doubled in the past week, since the electric truck maker’s smash-hit initial public offering.</p><p><blockquote>继昨天飙升超过15%后，Rivian在盘前交易中又上涨了3.6%。自电动卡车制造商首次公开募股大受欢迎以来，Rivian股价在过去一周上涨了一倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/923d8c06b374c5762ab19f11ef2bfda1\" tg-width=\"850\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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>Rivian jumped another 3.6% in premarket trading<blockquote>Rivian在盘前交易中又上涨3.6%</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; 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#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\">\nRivian jumped another 3.6% in premarket trading<blockquote>Rivian在盘前交易中又上涨3.6%</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\">2021-11-17 17:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Rivian jumped another 3.6% in premarket trading&nbsp;after&nbsp;surging more than 15% yesterday.Rivian stock has more than doubled in the past week, since the electric truck maker’s smash-hit initial public offering.</p><p><blockquote>继昨天飙升超过15%后，Rivian在盘前交易中又上涨了3.6%。自电动卡车制造商首次公开募股大受欢迎以来，Rivian股价在过去一周上涨了一倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/923d8c06b374c5762ab19f11ef2bfda1\" tg-width=\"850\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120506065","content_text":"Rivian jumped another 3.6% in premarket trading after surging more than 15% yesterday.Rivian stock has more than doubled in the past week, since the electric truck maker’s smash-hit initial public offering.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":2301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878303172,"gmtCreate":1637144455144,"gmtModify":1637144455313,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"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/878303172","repostId":"1160007870","repostType":4,"repost":{"id":"1160007870","kind":"news","pubTimestamp":1637140696,"share":"https://www.laohu8.com/m/news/1160007870?lang=zh_CN&edition=full","pubTime":"2021-11-17 17:18","market":"us","language":"en","title":"5 Stocks To Watch For November 17, 2021<blockquote>2021年11月17日值得关注的5只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160007870","media":"Benzinga","summary":"Wall Street expects Lowe`s Companies Inc to report quarterly earnings at $2.35 per share on revenue ","content":"<p><div> Wall Street expects Lowe`s Companies Inc to report quarterly earnings at $2.35 per share on revenue of $21.99 billion before the opening bell. Lowe`s shares rose 0.1% to $245.00 in after-hours trading...</p><p><blockquote><div>华尔街预计劳氏公司将在开盘前公布季度收益为每股2.35美元，营收为219.9亿美元。劳氏股价在盘后交易中上涨0.1%，至245.00美元...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/earnings/21/11/24140374/5-stocks-to-watch-for-november-17-2021\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/earnings/21/11/24140374/5-stocks-to-watch-for-november-17-2021\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks To Watch For November 17, 2021<blockquote>2021年11月17日值得关注的5只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks To Watch For November 17, 2021<blockquote>2021年11月17日值得关注的5只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-17 17:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Wall Street expects Lowe`s Companies Inc to report quarterly earnings at $2.35 per share on revenue of $21.99 billion before the opening bell. Lowe`s shares rose 0.1% to $245.00 in after-hours trading...</p><p><blockquote><div>华尔街预计劳氏公司将在开盘前公布季度收益为每股2.35美元，营收为219.9亿美元。劳氏股价在盘后交易中上涨0.1%，至245.00美元...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/earnings/21/11/24140374/5-stocks-to-watch-for-november-17-2021\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/earnings/21/11/24140374/5-stocks-to-watch-for-november-17-2021\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/earnings/21/11/24140374/5-stocks-to-watch-for-november-17-2021\">Benzinga</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":{"CYTH":"Cyclo Therapeutics","CSCO":"思科","LZB":"La-Z-Boy家具","TGT":"塔吉特","LOW":"劳氏"},"source_url":"https://www.benzinga.com/news/earnings/21/11/24140374/5-stocks-to-watch-for-november-17-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160007870","content_text":"Wall Street expects Lowe`s Companies Inc to report quarterly earnings at $2.35 per share on revenue of $21.99 billion before the opening bell. Lowe`s shares rose 0.1% to $245.00 in after-hours trading.\nLa-Z-Boy Incorporated reported stronger-than-expected earnings and sales results for its second quarter on Tuesday. La-Z-Boy shares surged 7.4% to $40.15 in the after-hours trading session.\nAnalysts are expecting Target Corporation to have earned $2.83 per share on revenue of $24.78 billion in the recent quarter. The company will release earnings before the markets open. Target shares gained 0.9% to $268.65 in after-hours trading.\nCyclo Therapeutics, Inc. reported the pricing of its underwritten public offering of 1,950,000 shares at a price of $6.00 per share. Cyclo Therapeutics shares dipped 13.4% to $6.36 in the after-hours trading session.\nAnalysts expect Cisco Systems Inc to report quarterly earnings at $0.80 per share on revenue of $12.98 billion after the closing bell. Cisco shares rose 0.2% to $57.10 in after-hours trading.","news_type":1,"symbols_score_info":{"LZB":0.9,"CYTH":0.9,"CSCO":0.9,"TGT":0.9,"LOW":0.9}},"isVote":1,"tweetType":1,"viewCount":3055,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871632281,"gmtCreate":1637061754896,"gmtModify":1637061755384,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"👍&nbsp;","listText":"👍&nbsp;","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871632281","repostId":"1132647839","repostType":4,"repost":{"id":"1132647839","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":1637054732,"share":"https://www.laohu8.com/m/news/1132647839?lang=zh_CN&edition=full","pubTime":"2021-11-16 17:25","market":"us","language":"en","title":"Rivian rose nearly 5% in premarket trading and reached an all-time high at 157 dollars<blockquote>Rivian在盘前交易中上涨近5%，并达到157美元的历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132647839","media":"Tiger Newspress","summary":"Rivian rose nearly 5% in premarket trading and reached an all-time high at 157 dollars.The company a","content":"<p>Rivian&nbsp;rose&nbsp;nearly&nbsp;5%&nbsp;in&nbsp;premarket&nbsp;trading&nbsp;and&nbsp;reached&nbsp;an all-time high&nbsp;at&nbsp;157&nbsp;dollars.<img src=\"https://static.tigerbbs.com/0e8d2fab49c319b46fb405a0c160b85c\" tg-width=\"777\" tg-height=\"568\" width=\"100%\" height=\"auto\">The&nbsp;company&nbsp;and&nbsp;Amazon&nbsp;will build a second electric vehicle manufacturing plant in Georgia, USA, and has entered a later stage of discussion.</p><p><blockquote>Rivian在盘前交易中涨近5%，并触及157美元的历史新高。公司与亚马逊将在美国佐治亚州建设第二座电动汽车制造工厂，目前已进入后期讨论阶段。</blockquote></p><p> Previously, Rivian had built a factory in Normal, Illinois, USA, which produced the company's all-electric R1T pickup truck.</p><p><blockquote>此前，Rivian已经在美国伊利诺州诺默尔市建立了一家工厂，该工厂生产该公司的全电动R1T皮卡。</blockquote></p><p> In late July, four people familiar with the matter said Rivian planned to build a second assembly plant in the United States. At the time, sources also said the company's second plant in the U.S. would produce not only its all-electric vehicles, but also batteries.</p><p><blockquote>7月下旬，四位知情人士称，Rivian计划在美国建立第二家组装厂。当时，消息人士还表示，该公司在美国的第二家工厂不仅将生产全电动汽车，还将生产电池。</blockquote></p><p> Documents obtained by foreign media show that the factory will include a 50GWh battery production facility and a product and technology center.</p><p><blockquote>外媒获得的文件显示，该工厂将包括一个50GWh的电池生产设施以及一个产品和技术中心。</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>Rivian rose nearly 5% in premarket trading and reached an all-time high at 157 dollars<blockquote>Rivian在盘前交易中上涨近5%，并达到157美元的历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian rose nearly 5% in premarket trading and reached an all-time high at 157 dollars<blockquote>Rivian在盘前交易中上涨近5%，并达到157美元的历史新高</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\">2021-11-16 17:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Rivian&nbsp;rose&nbsp;nearly&nbsp;5%&nbsp;in&nbsp;premarket&nbsp;trading&nbsp;and&nbsp;reached&nbsp;an all-time high&nbsp;at&nbsp;157&nbsp;dollars.<img src=\"https://static.tigerbbs.com/0e8d2fab49c319b46fb405a0c160b85c\" tg-width=\"777\" tg-height=\"568\" width=\"100%\" height=\"auto\">The&nbsp;company&nbsp;and&nbsp;Amazon&nbsp;will build a second electric vehicle manufacturing plant in Georgia, USA, and has entered a later stage of discussion.</p><p><blockquote>Rivian在盘前交易中涨近5%，并触及157美元的历史新高。公司与亚马逊将在美国佐治亚州建设第二座电动汽车制造工厂，目前已进入后期讨论阶段。</blockquote></p><p> Previously, Rivian had built a factory in Normal, Illinois, USA, which produced the company's all-electric R1T pickup truck.</p><p><blockquote>此前，Rivian已经在美国伊利诺州诺默尔市建立了一家工厂，该工厂生产该公司的全电动R1T皮卡。</blockquote></p><p> In late July, four people familiar with the matter said Rivian planned to build a second assembly plant in the United States. At the time, sources also said the company's second plant in the U.S. would produce not only its all-electric vehicles, but also batteries.</p><p><blockquote>7月下旬，四位知情人士称，Rivian计划在美国建立第二家组装厂。当时，消息人士还表示，该公司在美国的第二家工厂不仅将生产全电动汽车，还将生产电池。</blockquote></p><p> Documents obtained by foreign media show that the factory will include a 50GWh battery production facility and a product and technology center.</p><p><blockquote>外媒获得的文件显示，该工厂将包括一个50GWh的电池生产设施以及一个产品和技术中心。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132647839","content_text":"Rivian rose nearly 5% in premarket trading and reached an all-time high at 157 dollars.The company and Amazon will build a second electric vehicle manufacturing plant in Georgia, USA, and has entered a later stage of discussion.\nPreviously, Rivian had built a factory in Normal, Illinois, USA, which produced the company's all-electric R1T pickup truck.\nIn late July, four people familiar with the matter said Rivian planned to build a second assembly plant in the United States. At the time, sources also said the company's second plant in the U.S. would produce not only its all-electric vehicles, but also batteries.\nDocuments obtained by foreign media show that the factory will include a 50GWh battery production facility and a product and technology center.","news_type":1,"symbols_score_info":{"RIVN":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871361074,"gmtCreate":1637027097341,"gmtModify":1637027097517,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Ook","listText":"Ook","text":"Ook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871361074","repostId":"1118366658","repostType":4,"isVote":1,"tweetType":1,"viewCount":847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":811730605,"gmtCreate":1630344824707,"gmtModify":1704958877600,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811730605","repostId":"1117774965","repostType":4,"isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834786496,"gmtCreate":1629839766915,"gmtModify":1633682140269,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834786496","repostId":"1183629667","repostType":4,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834788167,"gmtCreate":1629839400159,"gmtModify":1633682141626,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"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/834788167","repostId":"1129205176","repostType":4,"repost":{"id":"1129205176","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":1629812035,"share":"https://www.laohu8.com/m/news/1129205176?lang=zh_CN&edition=full","pubTime":"2021-08-24 21:33","market":"us","language":"en","title":"Stocks open slightly higher with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，股市小幅高开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129205176","media":"Tiger Newspress","summary":"Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators grant","content":"<p>Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.</p><p><blockquote>美国监管机构全面批准辉瑞BioNTech的新冠疫苗的消息传出后，股市普遍上涨，周二上午小幅走高。</blockquote></p><p> The Dow Jones Industrial Average rose 69 points. The S&amp;P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.</p><p><blockquote>道琼斯工业平均指数上涨69点。标普500和纳斯达克综合指数分别上涨0.7%和0.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83b79f69ce17bc1186a0c018fb756703\" tg-width=\"1040\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that&nbsp;the vaccine approval&nbsp;would clear path for more mandates in the face of the spread of the delta variant.</p><p><blockquote>市场本周开局走高，对经济复苏敏感的股票上涨，因为人们乐观地认为疫苗的批准将为面对德尔塔变异毒株的蔓延而实施更多授权扫清道路。</blockquote></p><p> \"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>首席市场官瑞安·德特里克(Ryan Detrick)表示：“考虑到最近病例激增和一些令人失望的经济数据，这是朝着正确方向迈出的又一步，它有助于增强那些可能仍在坚持接种疫苗的人的信心。”LPL金融策略师。</blockquote></p><p> Chinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.</p><p><blockquote>随着投资者对中国监管前景更加清晰，并购买最近遭受重创的股票，中国股市领涨纳斯达克。拼多多上涨16%，京东上涨10%，滴滴上涨8.5%。</blockquote></p><p> Best Buy shares rose 6% after the electronics retailer&nbsp;beat estimates on the top and bottom lines&nbsp;for the second quarter. Nordstrom is set to report after the close.</p><p><blockquote>电子产品零售商百思买第二季度的营收和利润超出预期，该公司股价上涨6%。诺德斯特龙将于收盘后发布报告。</blockquote></p><p> The S&amp;P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.</p><p><blockquote>标普500周一收盘上涨0.8%，此前触及盘中历史新高。以科技股为主的纳斯达克综合指数上涨约1.5%，创下收盘历史新高。道琼斯工业平均指数周一上涨超过200点。</blockquote></p><p> Investor are eyeing the Jackson Hole&nbsp;symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.</p><p><blockquote>投资者正在关注本周晚些时候的杰克逊霍尔研讨会，预计这将是一次影响市场的活动，各国央行行长可能会在会上详细介绍他们缩减货币刺激的计划。美联储已经开始讨论在今年年底前撤回每月1200亿美元的债券购买计划。</blockquote></p><p> The summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.</p><p><blockquote>峰会实际上将于周四举行，美联储主席杰罗姆·鲍威尔将于周五发表讲话。</blockquote></p><p> “The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>“美联储可能会在9月或11月宣布taper，但很可能是缓慢的taper，不会承诺加息。”Oanda高级市场分析师Edward Moya表示。</blockquote></p><p> The second-quarter earnings season is winding down with more than 90% S&amp;P 500 companies having reported results. S&amp;P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.</p><p><blockquote>第二季度财报季即将结束，超过90%的标普500公司已经公布了业绩。据Refinitiv称，标普500的盈利预计将同比增长94.7%。</blockquote></p><p> There is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.</p><p><blockquote>盘前几乎没有经济数据，但投资者将看到美国东部时间上午10点的住宅销售以及里士满联储的商业活动调查。</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 with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，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 with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，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\">2021-08-24 21:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.</p><p><blockquote>美国监管机构全面批准辉瑞BioNTech的新冠疫苗的消息传出后，股市普遍上涨，周二上午小幅走高。</blockquote></p><p> The Dow Jones Industrial Average rose 69 points. The S&amp;P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.</p><p><blockquote>道琼斯工业平均指数上涨69点。标普500和纳斯达克综合指数分别上涨0.7%和0.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83b79f69ce17bc1186a0c018fb756703\" tg-width=\"1040\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that&nbsp;the vaccine approval&nbsp;would clear path for more mandates in the face of the spread of the delta variant.</p><p><blockquote>市场本周开局走高，对经济复苏敏感的股票上涨，因为人们乐观地认为疫苗的批准将为面对德尔塔变异毒株的蔓延而实施更多授权扫清道路。</blockquote></p><p> \"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>首席市场官瑞安·德特里克(Ryan Detrick)表示：“考虑到最近病例激增和一些令人失望的经济数据，这是朝着正确方向迈出的又一步，它有助于增强那些可能仍在坚持接种疫苗的人的信心。”LPL金融策略师。</blockquote></p><p> Chinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.</p><p><blockquote>随着投资者对中国监管前景更加清晰，并购买最近遭受重创的股票，中国股市领涨纳斯达克。拼多多上涨16%，京东上涨10%，滴滴上涨8.5%。</blockquote></p><p> Best Buy shares rose 6% after the electronics retailer&nbsp;beat estimates on the top and bottom lines&nbsp;for the second quarter. Nordstrom is set to report after the close.</p><p><blockquote>电子产品零售商百思买第二季度的营收和利润超出预期，该公司股价上涨6%。诺德斯特龙将于收盘后发布报告。</blockquote></p><p> The S&amp;P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.</p><p><blockquote>标普500周一收盘上涨0.8%，此前触及盘中历史新高。以科技股为主的纳斯达克综合指数上涨约1.5%，创下收盘历史新高。道琼斯工业平均指数周一上涨超过200点。</blockquote></p><p> Investor are eyeing the Jackson Hole&nbsp;symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.</p><p><blockquote>投资者正在关注本周晚些时候的杰克逊霍尔研讨会，预计这将是一次影响市场的活动，各国央行行长可能会在会上详细介绍他们缩减货币刺激的计划。美联储已经开始讨论在今年年底前撤回每月1200亿美元的债券购买计划。</blockquote></p><p> The summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.</p><p><blockquote>峰会实际上将于周四举行，美联储主席杰罗姆·鲍威尔将于周五发表讲话。</blockquote></p><p> “The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>“美联储可能会在9月或11月宣布taper，但很可能是缓慢的taper，不会承诺加息。”Oanda高级市场分析师Edward Moya表示。</blockquote></p><p> The second-quarter earnings season is winding down with more than 90% S&amp;P 500 companies having reported results. S&amp;P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.</p><p><blockquote>第二季度财报季即将结束，超过90%的标普500公司已经公布了业绩。据Refinitiv称，标普500的盈利预计将同比增长94.7%。</blockquote></p><p> There is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.</p><p><blockquote>盘前几乎没有经济数据，但投资者将看到美国东部时间上午10点的住宅销售以及里士满联储的商业活动调查。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129205176","content_text":"Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.\nThe Dow Jones Industrial Average rose 69 points. The S&P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.\n\nThe market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that the vaccine approval would clear path for more mandates in the face of the spread of the delta variant.\n\"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.\nChinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.\nBest Buy shares rose 6% after the electronics retailer beat estimates on the top and bottom lines for the second quarter. Nordstrom is set to report after the close.\nThe S&P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.\nInvestor are eyeing the Jackson Hole symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.\nThe summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.\n“The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.\nThe second-quarter earnings season is winding down with more than 90% S&P 500 companies having reported results. S&P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.\nThere is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834781503,"gmtCreate":1629839343102,"gmtModify":1633682142094,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834781503","repostId":"1136078272","repostType":4,"repost":{"id":"1136078272","kind":"news","pubTimestamp":1629797703,"share":"https://www.laohu8.com/m/news/1136078272?lang=zh_CN&edition=full","pubTime":"2021-08-24 17:35","market":"us","language":"en","title":"Here Are the 10 Cheapest Stocks in the S&P 500<blockquote>以下是标普500中最便宜的10只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136078272","media":"Barrons","summary":"There are still plenty of cheap stocks, even with the major indexes near record highs.\nBarron’s scre","content":"<p>There are still plenty of cheap stocks, even with the major indexes near record highs.</p><p><blockquote>即使主要股指接近历史新高，仍然有大量廉价股票。</blockquote></p><p> Barron’s screened the S&amp;P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.</p><p><blockquote>《巴伦周刊》根据FactSet数据筛选了标普500指数，并利用2022年利润预测确定了市盈率最低的10只股票。</blockquote></p><p> The 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and&nbsp;Western Digital(WDC), chemical producer&nbsp;LyondellBasell Industries(LYB), and life insurer&nbsp;Lincoln National(LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.</p><p><blockquote>成本最低的10家公司包括存储芯片制造商美光科技（股票代码：MU）和西部数据（WDC）、化学品生产商利安德巴塞尔工业公司（LYB）和人寿保险公司林肯国民公司（LNC）。10家公司中有9家的市盈率低于6。利安德的市盈率是该集团中最高的，为2022年预期市盈率的6.5倍。</blockquote></p><p> The other six stocks are drugmakers&nbsp;Viatris(VTRS) and&nbsp;Organon(OGN); oil and gas producers&nbsp;Diamondback Energy(FANG) and&nbsp;APA(APA), formerly Apache; home builder&nbsp;PulteGroup(PHM), and insurer&nbsp;Unum(UNM).</p><p><blockquote>其他六只股票是制药商Viatris(VTRS)和Organon(OGN)；石油和天然气生产商Diamondback Energy(FANG)和APA(APA)，前身为阿帕奇；房屋建筑商PulteGroup(PHM)和保险公司Unum(UNM)。</blockquote></p><p> Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.</p><p><blockquote>其中一些股票在过去一年中大幅上涨，包括Diamondback、Micron和Lincoln National，但从盈利来看，所有股票都仍然很便宜。</blockquote></p><p> <b>10 in the Bargain Bin</b></p><p><blockquote><b>10在便宜货箱里</b></blockquote></p><p> Here are the 10 stocks in the S&amp;P 500 with the lowest price-to-earnings ratios.</p><p><blockquote>以下是标普500市盈率最低的10只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>Market Value (bil)</th>    <th>1-Yr Price Change</th>    <th>2022E* P/E Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Viatris / VTRS</td>    <td>$14.82</td>    <td>$17.9</td>    <td>-10.8%</td>    <td>3.9</td>   </tr>   <tr>    <td>Unum Group / UNM</td>    <td>26.14</td>    <td>5.3</td>    <td>38.8</td>    <td>4.8</td>   </tr>   <tr>    <td>Diamondback Energy / FANG</td>    <td>69.80</td>    <td>12.6</td>    <td>56.8</td>    <td>5.2</td>   </tr>   <tr>    <td>Western Digital / WDC</td>    <td>61.07</td>    <td>18.7</td>    <td>73.0</td>    <td>5.5</td>   </tr>   <tr>    <td>APA / APA</td>    <td>16.68</td>    <td>6.3</td>    <td>4.3</td>    <td>5.6</td>   </tr>   <tr>    <td>PulteGroup / PHM</td>    <td>52.43</td>    <td>13.6</td>    <td>12.1</td>    <td>5.6</td>   </tr>   <tr>    <td>Organon / OGN</td>    <td>33.61</td>    <td>8.5</td>    <td>N/A</td>    <td>5.7</td>   </tr>   <tr>    <td>Lincoln National / LNC</td>    <td>66.87</td>    <td>12.5</td>    <td>79.6</td>    <td>5.8</td>   </tr>   <tr>    <td>Micron Technology / MU</td>    <td>70.60</td>    <td>79.5</td>    <td>59.6</td>    <td>5.9</td>   </tr>   <tr>    <td>LyondellBasell Industries / LYB</td>    <td>100.36</td>    <td>33.5</td>    <td>43.8</td>    <td>6.5</td>   </tr>  </tbody> </table> *P/E ratio based on calendar 2022 estimates; E=estimate; N/A=not applicable</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>市值（bil）</th><th>1年价格变化</th><th>2022年预期*市盈率</th></tr></thead><tbody><tr><td>Viatris/VTRS</td><td>$14.82</td><td>$17.9</td><td>-10.8%</td><td>3.9</td></tr><tr><td>Unum集团/UNM</td><td>26.14</td><td>5.3</td><td>38.8</td><td>4.8</td></tr><tr><td>响尾蛇能源/FANG</td><td>69.80</td><td>12.6</td><td>56.8</td><td>5.2</td></tr><tr><td>西部数据/WDC</td><td>61.07</td><td>18.7</td><td>73.0</td><td>5.5</td></tr><tr><td>什么/什么</td><td>16.68</td><td>6.3</td><td>4.3</td><td>5.6</td></tr><tr><td>PulteGroup/PHM</td><td>52.43</td><td>13.6</td><td>12.1</td><td>5.6</td></tr><tr><td>有机农/OGN</td><td>33.61</td><td>8.5</td><td>N/A</td><td>5.7</td></tr><tr><td>林肯国家/LNC</td><td>66.87</td><td>12.5</td><td>79.6</td><td>5.8</td></tr><tr><td>美光科技/MU</td><td>70.60</td><td>79.5</td><td>59.6</td><td>5.9</td></tr><tr><td>利安德巴塞尔工业/LYB</td><td>100.36</td><td>33.5</td><td>43.8</td><td>6.5</td></tr></tbody></table>*市盈率基于2022年预测；E=估计值；N/A=不适用</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Why are the stocks so inexpensive?</p><p><blockquote>为什么股票这么便宜？</blockquote></p><p> Some like Viatris and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and&nbsp;Western Digital.</p><p><blockquote>Viatris和Organon等一些公司拥有充足但可控的债务。投资者担心美光、利安德和西部数据等公司的利润可能会达到顶峰。</blockquote></p><p> These concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be “disciplined and prudent” about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock.</p><p><blockquote>这些担忧可能会为投资者创造机会。美光科技的股价约为70美元，最近开始派发小额股息，收益率为0.6%。摩根大通分析师Harlan Sur本月早些时候写道，面对强劲的需求，他预计美光及其竞争对手将在增加供应方面保持“纪律和谨慎”。他对该股给予跑赢大盘评级和140美元的目标价。</blockquote></p><p> Western Digital, at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.</p><p><blockquote>西部数据公司的股价约为61美元，是闪存的领先制造商。大摩分析师Joseph Moore对其前景持乐观态度，给予该股跑赢大盘评级，目标价88美元。他认为该股太便宜了，因为他预计明年每股收益为10美元。</blockquote></p><p> Organon, a&nbsp;Merck(MRK) spinoff that has a portfolio of off-patent drugs and a women’s health business, recently reported better-than-expected earnings. It has set an $1.12 annual dividend, for a 3.3% yield at a recent price of $33.50.</p><p><blockquote>Organon是默克(MRK)的分拆公司，拥有一系列非专利药物和女性健康业务，最近公布的盈利好于预期。它设定了1.12美元的年度股息，以最近33.50美元的价格计算，收益率为3.3%。</blockquote></p><p> Joe Cornell, the publisher of Spin-Off Research, has a Buy rating and a $45 price target on the stock. Organon has a “peer-leading” yield, he recently wrote, and potential “top-line growth and margin momentum over the medium-term.”</p><p><blockquote>Spin-Off Research出版商Joe Cornell对该股给予买入评级和45美元的目标价。他最近写道，Organon拥有“同行领先”的收益率，以及潜在的“中期营收增长和利润率势头”。</blockquote></p><p> Viatris, a generic drugmaker spun off from&nbsp;Pfizer(PFE), has the lowest P/E in the S&amp;P 500 at 3.9. Its shares recently traded below $15.</p><p><blockquote>Viatris是一家从辉瑞(PFE)分拆出来的仿制药制造商，其市盈率在标普500最低，为3.9。其股价最近交易价格低于15美元。</blockquote></p><p> J.P. Morgan analyst Chris Schott was encouraged by the company’s second-quarter earnings report, but maintained a Neutral rating as he awaits more evidence of improving financial performance after a tough 2020. The stock has a 3% yield.</p><p><blockquote>摩根大通分析师Chris Schott对该公司第二季度财报感到鼓舞，但维持中性评级，因为他等待更多证据表明在经历了艰难的2020年后财务业绩有所改善。该股票的收益率为3%。</blockquote></p><p> Energy stocks have experienced a sharp pullback since June 1 because of a drop in oil prices and a sentiment shift away from the sector.</p><p><blockquote>自6月1日以来，由于油价下跌和市场情绪远离该行业，能源股经历了大幅回调。</blockquote></p><p> Diamondback Energy, a leading exploration and production company in the Permian basin in Texas, has seen its shares drop to a recent $70 from $100. The company reported strong second-quarter results and boosted its dividend by 12.5% to an annualized $1.80 a share. The stock now yields about 2.6%.</p><p><blockquote>Diamondback Energy是德克萨斯州二叠纪盆地领先的勘探和生产公司，其股价从100美元跌至最近的70美元。该公司公布了强劲的第二季度业绩，并将股息提高了12.5%，达到年化每股1.80美元。该股目前的收益率约为2.6%。</blockquote></p><p></p><p> Like many E&amp;Ps, Diamondback has a high free-cash flow yield. J.P. Morgan analyst Arun Jayaram is upbeat on Diamondback and recently estimated its net asset value at $126 a share. APA produces oil and gas in the U.S. and overseas and offers a play on a potentially large offshore oil field off Suriname in South America. Its shares trade around $16.</p><p><blockquote>与许多勘探与生产公司一样，Diamondback拥有较高的自由现金流收益率。摩根大通分析师Arun Jayaram对Diamondback持乐观态度，最近估计其资产净值为每股126美元。APA在美国和海外生产石油和天然气，并在南美洲苏里南附近的一个潜在大型海上油田提供业务。其股价约为16美元。</blockquote></p><p> Shares of PulteGroup, one of the largest U.S. home builders, have pulled back about 20% from a spring peak, to a recent $52 amid concerns about demand and pricing power.</p><p><blockquote>由于对需求和定价能力的担忧，美国最大的住宅建筑商之一PulteGroup的股价已从春季峰值回落约20%，至最近的52美元。</blockquote></p><p> Evercore ISI analyst Stephen Kim, one of the most bullish Wall Street analysts on the sector, sees rising profitability for Pulte and peers. He has an Outperform rating on Pulte and a $93 price target. He sees about $8 a share in earnings this year and an above-consensus estimate of roughly $12 next year.</p><p><blockquote>Evercore ISI分析师Stephen Kim是华尔街对该行业最乐观的分析师之一，他认为Pulte和同行的盈利能力不断上升。他对Pulte的评级为跑赢大盘，目标价为93美元。他预计今年每股收益约为8美元，明年约为12美元，高于市场普遍预期。</blockquote></p><p> Lyondell, the world’s third-largest independent chemical company, is a major player in plastics. Its shares recently traded around $100.Its CEO, Bob Patel, recently told&nbsp;<i>Barron’s</i>&nbsp;Jack Hough: “Whether we’re at peak, and is there a moderation or a hard reset—this is at the heart of the debate today with investors. I think there is strong demand in front of us.”</p><p><blockquote>利安德是全球第三大独立化学公司，是塑料领域的主要参与者。其股价最近交易价格约为100美元。其首席执行官鲍勃·帕特尔(Bob Patel)最近告诉<i>巴伦周刊</i>Jack Hough：“我们是否正处于顶峰，是否会出现缓和或硬重置——这是今天与投资者争论的核心。我认为我们面前有强劲的需求。”</blockquote></p><p> Lincoln National, which offers life insurance, annuities, and other financial products, recently traded around $67, less than six times projected 2022 earnings and below a conservative measure of book value of $75. J.P. Morgan analyst Jimmy Bhullar likes Lincoln National, recently citing an “improving business mix” and “discount valuation.” He has an Overweight rating and a $81 price target.</p><p><blockquote>Lincoln National提供人寿保险、年金和其他金融产品，最近的交易价格约为67美元，不到2022年预计收益的六倍，也低于75美元的保守账面价值。摩根大通分析师吉米·布拉尔(Jimmy Bhullar)喜欢林肯国民(Lincoln National)，最近称其“业务组合不断改善”和“估值折扣”。他给予跑赢大盘评级和81美元的目标价。</blockquote></p><p> Unum, a provider of life and disability insurance, trades cheaply based on earnings and book value. That reflects in part concerns about its long-term care insurance reserves, which were strengthened in 2020. The stock, around $26, trades for about five times projected 2022 earnings and for half of book value.</p><p><blockquote>Unum是一家人寿和伤残保险提供商，根据收益和账面价值进行廉价交易。这在一定程度上反映了对其长期护理保险准备金的担忧，该准备金在2020年得到了加强。该股股价约为26美元，交易价格约为2022年预计收益的五倍，账面价值的一半。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the 10 Cheapest Stocks in the S&P 500<blockquote>以下是标普500中最便宜的10只股票</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\">\nHere Are the 10 Cheapest Stocks in the S&P 500<blockquote>以下是标普500中最便宜的10只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-24 17:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There are still plenty of cheap stocks, even with the major indexes near record highs.</p><p><blockquote>即使主要股指接近历史新高，仍然有大量廉价股票。</blockquote></p><p> Barron’s screened the S&amp;P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.</p><p><blockquote>《巴伦周刊》根据FactSet数据筛选了标普500指数，并利用2022年利润预测确定了市盈率最低的10只股票。</blockquote></p><p> The 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and&nbsp;Western Digital(WDC), chemical producer&nbsp;LyondellBasell Industries(LYB), and life insurer&nbsp;Lincoln National(LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.</p><p><blockquote>成本最低的10家公司包括存储芯片制造商美光科技（股票代码：MU）和西部数据（WDC）、化学品生产商利安德巴塞尔工业公司（LYB）和人寿保险公司林肯国民公司（LNC）。10家公司中有9家的市盈率低于6。利安德的市盈率是该集团中最高的，为2022年预期市盈率的6.5倍。</blockquote></p><p> The other six stocks are drugmakers&nbsp;Viatris(VTRS) and&nbsp;Organon(OGN); oil and gas producers&nbsp;Diamondback Energy(FANG) and&nbsp;APA(APA), formerly Apache; home builder&nbsp;PulteGroup(PHM), and insurer&nbsp;Unum(UNM).</p><p><blockquote>其他六只股票是制药商Viatris(VTRS)和Organon(OGN)；石油和天然气生产商Diamondback Energy(FANG)和APA(APA)，前身为阿帕奇；房屋建筑商PulteGroup(PHM)和保险公司Unum(UNM)。</blockquote></p><p> Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.</p><p><blockquote>其中一些股票在过去一年中大幅上涨，包括Diamondback、Micron和Lincoln National，但从盈利来看，所有股票都仍然很便宜。</blockquote></p><p> <b>10 in the Bargain Bin</b></p><p><blockquote><b>10在便宜货箱里</b></blockquote></p><p> Here are the 10 stocks in the S&amp;P 500 with the lowest price-to-earnings ratios.</p><p><blockquote>以下是标普500市盈率最低的10只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>Market Value (bil)</th>    <th>1-Yr Price Change</th>    <th>2022E* P/E Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Viatris / VTRS</td>    <td>$14.82</td>    <td>$17.9</td>    <td>-10.8%</td>    <td>3.9</td>   </tr>   <tr>    <td>Unum Group / UNM</td>    <td>26.14</td>    <td>5.3</td>    <td>38.8</td>    <td>4.8</td>   </tr>   <tr>    <td>Diamondback Energy / FANG</td>    <td>69.80</td>    <td>12.6</td>    <td>56.8</td>    <td>5.2</td>   </tr>   <tr>    <td>Western Digital / WDC</td>    <td>61.07</td>    <td>18.7</td>    <td>73.0</td>    <td>5.5</td>   </tr>   <tr>    <td>APA / APA</td>    <td>16.68</td>    <td>6.3</td>    <td>4.3</td>    <td>5.6</td>   </tr>   <tr>    <td>PulteGroup / PHM</td>    <td>52.43</td>    <td>13.6</td>    <td>12.1</td>    <td>5.6</td>   </tr>   <tr>    <td>Organon / OGN</td>    <td>33.61</td>    <td>8.5</td>    <td>N/A</td>    <td>5.7</td>   </tr>   <tr>    <td>Lincoln National / LNC</td>    <td>66.87</td>    <td>12.5</td>    <td>79.6</td>    <td>5.8</td>   </tr>   <tr>    <td>Micron Technology / MU</td>    <td>70.60</td>    <td>79.5</td>    <td>59.6</td>    <td>5.9</td>   </tr>   <tr>    <td>LyondellBasell Industries / LYB</td>    <td>100.36</td>    <td>33.5</td>    <td>43.8</td>    <td>6.5</td>   </tr>  </tbody> </table> *P/E ratio based on calendar 2022 estimates; E=estimate; N/A=not applicable</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>市值（bil）</th><th>1年价格变化</th><th>2022年预期*市盈率</th></tr></thead><tbody><tr><td>Viatris/VTRS</td><td>$14.82</td><td>$17.9</td><td>-10.8%</td><td>3.9</td></tr><tr><td>Unum集团/UNM</td><td>26.14</td><td>5.3</td><td>38.8</td><td>4.8</td></tr><tr><td>响尾蛇能源/FANG</td><td>69.80</td><td>12.6</td><td>56.8</td><td>5.2</td></tr><tr><td>西部数据/WDC</td><td>61.07</td><td>18.7</td><td>73.0</td><td>5.5</td></tr><tr><td>什么/什么</td><td>16.68</td><td>6.3</td><td>4.3</td><td>5.6</td></tr><tr><td>PulteGroup/PHM</td><td>52.43</td><td>13.6</td><td>12.1</td><td>5.6</td></tr><tr><td>有机农/OGN</td><td>33.61</td><td>8.5</td><td>N/A</td><td>5.7</td></tr><tr><td>林肯国家/LNC</td><td>66.87</td><td>12.5</td><td>79.6</td><td>5.8</td></tr><tr><td>美光科技/MU</td><td>70.60</td><td>79.5</td><td>59.6</td><td>5.9</td></tr><tr><td>利安德巴塞尔工业/LYB</td><td>100.36</td><td>33.5</td><td>43.8</td><td>6.5</td></tr></tbody></table>*市盈率基于2022年预测；E=估计值；N/A=不适用</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Why are the stocks so inexpensive?</p><p><blockquote>为什么股票这么便宜？</blockquote></p><p> Some like Viatris and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and&nbsp;Western Digital.</p><p><blockquote>Viatris和Organon等一些公司拥有充足但可控的债务。投资者担心美光、利安德和西部数据等公司的利润可能会达到顶峰。</blockquote></p><p> These concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be “disciplined and prudent” about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock.</p><p><blockquote>这些担忧可能会为投资者创造机会。美光科技的股价约为70美元，最近开始派发小额股息，收益率为0.6%。摩根大通分析师Harlan Sur本月早些时候写道，面对强劲的需求，他预计美光及其竞争对手将在增加供应方面保持“纪律和谨慎”。他对该股给予跑赢大盘评级和140美元的目标价。</blockquote></p><p> Western Digital, at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.</p><p><blockquote>西部数据公司的股价约为61美元，是闪存的领先制造商。大摩分析师Joseph Moore对其前景持乐观态度，给予该股跑赢大盘评级，目标价88美元。他认为该股太便宜了，因为他预计明年每股收益为10美元。</blockquote></p><p> Organon, a&nbsp;Merck(MRK) spinoff that has a portfolio of off-patent drugs and a women’s health business, recently reported better-than-expected earnings. It has set an $1.12 annual dividend, for a 3.3% yield at a recent price of $33.50.</p><p><blockquote>Organon是默克(MRK)的分拆公司，拥有一系列非专利药物和女性健康业务，最近公布的盈利好于预期。它设定了1.12美元的年度股息，以最近33.50美元的价格计算，收益率为3.3%。</blockquote></p><p> Joe Cornell, the publisher of Spin-Off Research, has a Buy rating and a $45 price target on the stock. Organon has a “peer-leading” yield, he recently wrote, and potential “top-line growth and margin momentum over the medium-term.”</p><p><blockquote>Spin-Off Research出版商Joe Cornell对该股给予买入评级和45美元的目标价。他最近写道，Organon拥有“同行领先”的收益率，以及潜在的“中期营收增长和利润率势头”。</blockquote></p><p> Viatris, a generic drugmaker spun off from&nbsp;Pfizer(PFE), has the lowest P/E in the S&amp;P 500 at 3.9. Its shares recently traded below $15.</p><p><blockquote>Viatris是一家从辉瑞(PFE)分拆出来的仿制药制造商，其市盈率在标普500最低，为3.9。其股价最近交易价格低于15美元。</blockquote></p><p> J.P. Morgan analyst Chris Schott was encouraged by the company’s second-quarter earnings report, but maintained a Neutral rating as he awaits more evidence of improving financial performance after a tough 2020. The stock has a 3% yield.</p><p><blockquote>摩根大通分析师Chris Schott对该公司第二季度财报感到鼓舞，但维持中性评级，因为他等待更多证据表明在经历了艰难的2020年后财务业绩有所改善。该股票的收益率为3%。</blockquote></p><p> Energy stocks have experienced a sharp pullback since June 1 because of a drop in oil prices and a sentiment shift away from the sector.</p><p><blockquote>自6月1日以来，由于油价下跌和市场情绪远离该行业，能源股经历了大幅回调。</blockquote></p><p> Diamondback Energy, a leading exploration and production company in the Permian basin in Texas, has seen its shares drop to a recent $70 from $100. The company reported strong second-quarter results and boosted its dividend by 12.5% to an annualized $1.80 a share. The stock now yields about 2.6%.</p><p><blockquote>Diamondback Energy是德克萨斯州二叠纪盆地领先的勘探和生产公司，其股价从100美元跌至最近的70美元。该公司公布了强劲的第二季度业绩，并将股息提高了12.5%，达到年化每股1.80美元。该股目前的收益率约为2.6%。</blockquote></p><p></p><p> Like many E&amp;Ps, Diamondback has a high free-cash flow yield. J.P. Morgan analyst Arun Jayaram is upbeat on Diamondback and recently estimated its net asset value at $126 a share. APA produces oil and gas in the U.S. and overseas and offers a play on a potentially large offshore oil field off Suriname in South America. Its shares trade around $16.</p><p><blockquote>与许多勘探与生产公司一样，Diamondback拥有较高的自由现金流收益率。摩根大通分析师Arun Jayaram对Diamondback持乐观态度，最近估计其资产净值为每股126美元。APA在美国和海外生产石油和天然气，并在南美洲苏里南附近的一个潜在大型海上油田提供业务。其股价约为16美元。</blockquote></p><p> Shares of PulteGroup, one of the largest U.S. home builders, have pulled back about 20% from a spring peak, to a recent $52 amid concerns about demand and pricing power.</p><p><blockquote>由于对需求和定价能力的担忧，美国最大的住宅建筑商之一PulteGroup的股价已从春季峰值回落约20%，至最近的52美元。</blockquote></p><p> Evercore ISI analyst Stephen Kim, one of the most bullish Wall Street analysts on the sector, sees rising profitability for Pulte and peers. He has an Outperform rating on Pulte and a $93 price target. He sees about $8 a share in earnings this year and an above-consensus estimate of roughly $12 next year.</p><p><blockquote>Evercore ISI分析师Stephen Kim是华尔街对该行业最乐观的分析师之一，他认为Pulte和同行的盈利能力不断上升。他对Pulte的评级为跑赢大盘，目标价为93美元。他预计今年每股收益约为8美元，明年约为12美元，高于市场普遍预期。</blockquote></p><p> Lyondell, the world’s third-largest independent chemical company, is a major player in plastics. Its shares recently traded around $100.Its CEO, Bob Patel, recently told&nbsp;<i>Barron’s</i>&nbsp;Jack Hough: “Whether we’re at peak, and is there a moderation or a hard reset—this is at the heart of the debate today with investors. I think there is strong demand in front of us.”</p><p><blockquote>利安德是全球第三大独立化学公司，是塑料领域的主要参与者。其股价最近交易价格约为100美元。其首席执行官鲍勃·帕特尔(Bob Patel)最近告诉<i>巴伦周刊</i>Jack Hough：“我们是否正处于顶峰，是否会出现缓和或硬重置——这是今天与投资者争论的核心。我认为我们面前有强劲的需求。”</blockquote></p><p> Lincoln National, which offers life insurance, annuities, and other financial products, recently traded around $67, less than six times projected 2022 earnings and below a conservative measure of book value of $75. J.P. Morgan analyst Jimmy Bhullar likes Lincoln National, recently citing an “improving business mix” and “discount valuation.” He has an Overweight rating and a $81 price target.</p><p><blockquote>Lincoln National提供人寿保险、年金和其他金融产品，最近的交易价格约为67美元，不到2022年预计收益的六倍，也低于75美元的保守账面价值。摩根大通分析师吉米·布拉尔(Jimmy Bhullar)喜欢林肯国民(Lincoln National)，最近称其“业务组合不断改善”和“估值折扣”。他给予跑赢大盘评级和81美元的目标价。</blockquote></p><p> Unum, a provider of life and disability insurance, trades cheaply based on earnings and book value. That reflects in part concerns about its long-term care insurance reserves, which were strengthened in 2020. The stock, around $26, trades for about five times projected 2022 earnings and for half of book value.</p><p><blockquote>Unum是一家人寿和伤残保险提供商，根据收益和账面价值进行廉价交易。这在一定程度上反映了对其长期护理保险准备金的担忧，该准备金在2020年得到了加强。该股股价约为26美元，交易价格约为2022年预计收益的五倍，账面价值的一半。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/here-are-the-10-cheapest-stocks-in-the-s-p-500-51629756720?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VTRS":"Viatris Inc.","LYB":"利安德巴塞尔","OGN":"Organon & Co","PHM":"普得集团","UNM":"尤纳姆集团","WDC":"西部数据","MU":"美光科技","FANG":"Diamondback Energy","LNC":"林肯国民","APA":"阿帕契"},"source_url":"https://www.barrons.com/articles/here-are-the-10-cheapest-stocks-in-the-s-p-500-51629756720?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136078272","content_text":"There are still plenty of cheap stocks, even with the major indexes near record highs.\nBarron’s screened the S&P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data.\nThe 10 least expensive companies include memory-chip makers Micron Technology (ticker: MU) and Western Digital(WDC), chemical producer LyondellBasell Industries(LYB), and life insurer Lincoln National(LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings.\nThe other six stocks are drugmakers Viatris(VTRS) and Organon(OGN); oil and gas producers Diamondback Energy(FANG) and APA(APA), formerly Apache; home builder PulteGroup(PHM), and insurer Unum(UNM).\nSeveral of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings.\n10 in the Bargain Bin\nHere are the 10 stocks in the S&P 500 with the lowest price-to-earnings ratios.\n\n\n\nCompany / Ticker\nRecent Price\nMarket Value (bil)\n1-Yr Price Change\n2022E* P/E Ratio\n\n\n\n\nViatris / VTRS\n$14.82\n$17.9\n-10.8%\n3.9\n\n\nUnum Group / UNM\n26.14\n5.3\n38.8\n4.8\n\n\nDiamondback Energy / FANG\n69.80\n12.6\n56.8\n5.2\n\n\nWestern Digital / WDC\n61.07\n18.7\n73.0\n5.5\n\n\nAPA / APA\n16.68\n6.3\n4.3\n5.6\n\n\nPulteGroup / PHM\n52.43\n13.6\n12.1\n5.6\n\n\nOrganon / OGN\n33.61\n8.5\nN/A\n5.7\n\n\nLincoln National / LNC\n66.87\n12.5\n79.6\n5.8\n\n\nMicron Technology / MU\n70.60\n79.5\n59.6\n5.9\n\n\nLyondellBasell Industries / LYB\n100.36\n33.5\n43.8\n6.5\n\n\n\n*P/E ratio based on calendar 2022 estimates; E=estimate; N/A=not applicable\nSource: FactSet\nWhy are the stocks so inexpensive?\nSome like Viatris and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and Western Digital.\nThese concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be “disciplined and prudent” about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock.\nWestern Digital, at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.\nOrganon, a Merck(MRK) spinoff that has a portfolio of off-patent drugs and a women’s health business, recently reported better-than-expected earnings. It has set an $1.12 annual dividend, for a 3.3% yield at a recent price of $33.50.\nJoe Cornell, the publisher of Spin-Off Research, has a Buy rating and a $45 price target on the stock. Organon has a “peer-leading” yield, he recently wrote, and potential “top-line growth and margin momentum over the medium-term.”\nViatris, a generic drugmaker spun off from Pfizer(PFE), has the lowest P/E in the S&P 500 at 3.9. Its shares recently traded below $15.\nJ.P. Morgan analyst Chris Schott was encouraged by the company’s second-quarter earnings report, but maintained a Neutral rating as he awaits more evidence of improving financial performance after a tough 2020. The stock has a 3% yield.\nEnergy stocks have experienced a sharp pullback since June 1 because of a drop in oil prices and a sentiment shift away from the sector.\nDiamondback Energy, a leading exploration and production company in the Permian basin in Texas, has seen its shares drop to a recent $70 from $100. The company reported strong second-quarter results and boosted its dividend by 12.5% to an annualized $1.80 a share. The stock now yields about 2.6%.\nLike many E&Ps, Diamondback has a high free-cash flow yield. J.P. Morgan analyst Arun Jayaram is upbeat on Diamondback and recently estimated its net asset value at $126 a share. APA produces oil and gas in the U.S. and overseas and offers a play on a potentially large offshore oil field off Suriname in South America. Its shares trade around $16.\nShares of PulteGroup, one of the largest U.S. home builders, have pulled back about 20% from a spring peak, to a recent $52 amid concerns about demand and pricing power.\nEvercore ISI analyst Stephen Kim, one of the most bullish Wall Street analysts on the sector, sees rising profitability for Pulte and peers. He has an Outperform rating on Pulte and a $93 price target. He sees about $8 a share in earnings this year and an above-consensus estimate of roughly $12 next year.\nLyondell, the world’s third-largest independent chemical company, is a major player in plastics. Its shares recently traded around $100.Its CEO, Bob Patel, recently told Barron’s Jack Hough: “Whether we’re at peak, and is there a moderation or a hard reset—this is at the heart of the debate today with investors. I think there is strong demand in front of us.”\nLincoln National, which offers life insurance, annuities, and other financial products, recently traded around $67, less than six times projected 2022 earnings and below a conservative measure of book value of $75. J.P. Morgan analyst Jimmy Bhullar likes Lincoln National, recently citing an “improving business mix” and “discount valuation.” He has an Overweight rating and a $81 price target.\nUnum, a provider of life and disability insurance, trades cheaply based on earnings and book value. That reflects in part concerns about its long-term care insurance reserves, which were strengthened in 2020. The stock, around $26, trades for about five times projected 2022 earnings and for half of book value.","news_type":1,"symbols_score_info":{"MU":0.9,"VTRS":0.9,"LNC":0.9,"APA":0.9,"OGN":0.9,"PHM":0.9,"LYB":0.9,"UNM":0.9,"FANG":0.9,"WDC":0.9}},"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834783463,"gmtCreate":1629839240052,"gmtModify":1633682142804,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like thanks","listText":"Like thanks","text":"Like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834783463","repostId":"1123156655","repostType":4,"repost":{"id":"1123156655","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":1629814580,"share":"https://www.laohu8.com/m/news/1123156655?lang=zh_CN&edition=full","pubTime":"2021-08-24 22:16","market":"us","language":"en","title":"“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123156655","media":"Tiger Newspress","summary":"The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as ","content":"<p>The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan&nbsp;&amp; welfare plan.\"</p><p><blockquote>隐藏在喀布尔机场背后的危机已经形成了拜登必须面对的第一个麻烦，正如我们在8月23日发布的文章中所讨论的那样。第二个问题是什么？答案是“基础设施计划和福利计划”。</blockquote></p><p> The withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.</p><p><blockquote>从阿富汗撤军，让全世界都感受到了美国军事力量的削弱。其间，撤军也给了民主党内斗的理由。拜登的基建计划从上任第一天起就高调推进。然而，基建计划遇到了障碍。</blockquote></p><p> According to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.</p><p><blockquote>按照美国各大投行昨日的表态，这9位民主党中间派根本不可能一脚踢到刺头上。一个原因是，这9名民主党议员都不够知名。第二个原因是，过去40年白宫力推的法案从未被民主党中间派成功“绑架”。如果民主党9名中间派共同努力，确实有可能阻止两个方案一起通过。如果是这样，基础设施计划不被通过的可能性将会更大。基建计划不能通过，不仅会导致拜登优势崩塌也会导致民主党明年中期选举的破局。因此，市场判断4.5万亿美元计划将如期推出。</blockquote></p><p> At a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.</p><p><blockquote>从表面上看，斗争之后是基建计划与福利计划的不相容；但从更深层次看，则是民主党中间派与极左翼的不和谐。</blockquote></p><p> It is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.</p><p><blockquote>基础设施计划很容易获得国会和白宫的批准。但极左翼意识到，一旦1万亿美元的基础设施计划单独通过，3.5万亿美元的福利计划将彻底化为乌有。因此，众议院的左翼在这个问题上让步了，表明要么这两个计划一起通过，要么都不通过。据说众议院下面的极左有50人，很难得罪。</blockquote></p><p> Biden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.</p><p><blockquote>拜登在白宫摘得桂冠，很大程度上得益于其民主党中间派的身份。不仅他是中间派，民主党两院领导人都抱着中间派的背景。但拜登上台后，在施政纲领中段不自觉地被极左翼裹挟，民主党两院领袖在思想上被绑架的情况更加严重。</blockquote></p><p> In terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.</p><p><blockquote>在基建计划和福利计划方面，民主党两位国会领袖非常积极地将两个计划捆绑在一起，最终将拜登拖入泥潭。然而，拜登的表态仍然含糊其辞，暗示他正在基建计划的批准和两项计划的支持之间摇摆不定。因此，中间派和极左翼都表示，他们的声音代表了拜登的意见。</blockquote></p><p> To pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.</p><p><blockquote>为了在周一晚上通过投票，领导们在周末期间在这9个人身上下了很大功夫。令人失望的是，不仅努力得不偿失，更多的民主党人愿意加入这9人的团体，包括18人组成的民主党团体蓝狗。参议院的两名民主党人也支持放松两项计划。需要注意的是，这两个人的支持对于3.5万亿美元计划的实施是必要的。和喀布尔机场的困境一样，拜登在这场战斗中如果不能迅速化解战局，分裂必然会蔓延。</blockquote></p><p> <b>Now, there are 3 choices that Biden can make:</b></p><p><blockquote><b>现在，拜登可以做出3个选择：</b></blockquote></p><p> 1.&nbsp;Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;</p><p><blockquote>1.说服这9人和其他中间派支持捆绑两个计划，难度系数打70分；</blockquote></p><p> 2.&nbsp;Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;</p><p><blockquote>2.劝说极左翼放弃捆绑，难度系数标注90分；</blockquote></p><p> 3.&nbsp;Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.</p><p><blockquote>3、放弃来自极左翼的支持，竭力获得部分共和党议员背书，支持基建计划，难度系数为50分。</blockquote></p><p> The third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.</p><p><blockquote>第三种选择是总统最容易做出的。拜登和民主党领导人现在不敢提及，因为这会让左翼感到“被背叛”，这可能会影响下次选举的结果。第一种选择相对容易，对后期影响不大。但是，随着时间的推移，中间派的力量也会增长。</blockquote></p><p> If necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.</p><p><blockquote>如有必要，关于喀布尔机场困境的决定将悬而未决。但对拜登来说，基建计划的实施势在必行。</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>“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</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\">\n“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</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\">2021-08-24 22:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan&nbsp;&amp; welfare plan.\"</p><p><blockquote>隐藏在喀布尔机场背后的危机已经形成了拜登必须面对的第一个麻烦，正如我们在8月23日发布的文章中所讨论的那样。第二个问题是什么？答案是“基础设施计划和福利计划”。</blockquote></p><p> The withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.</p><p><blockquote>从阿富汗撤军，让全世界都感受到了美国军事力量的削弱。其间，撤军也给了民主党内斗的理由。拜登的基建计划从上任第一天起就高调推进。然而，基建计划遇到了障碍。</blockquote></p><p> According to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.</p><p><blockquote>按照美国各大投行昨日的表态，这9位民主党中间派根本不可能一脚踢到刺头上。一个原因是，这9名民主党议员都不够知名。第二个原因是，过去40年白宫力推的法案从未被民主党中间派成功“绑架”。如果民主党9名中间派共同努力，确实有可能阻止两个方案一起通过。如果是这样，基础设施计划不被通过的可能性将会更大。基建计划不能通过，不仅会导致拜登优势崩塌也会导致民主党明年中期选举的破局。因此，市场判断4.5万亿美元计划将如期推出。</blockquote></p><p> At a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.</p><p><blockquote>从表面上看，斗争之后是基建计划与福利计划的不相容；但从更深层次看，则是民主党中间派与极左翼的不和谐。</blockquote></p><p> It is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.</p><p><blockquote>基础设施计划很容易获得国会和白宫的批准。但极左翼意识到，一旦1万亿美元的基础设施计划单独通过，3.5万亿美元的福利计划将彻底化为乌有。因此，众议院的左翼在这个问题上让步了，表明要么这两个计划一起通过，要么都不通过。据说众议院下面的极左有50人，很难得罪。</blockquote></p><p> Biden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.</p><p><blockquote>拜登在白宫摘得桂冠，很大程度上得益于其民主党中间派的身份。不仅他是中间派，民主党两院领导人都抱着中间派的背景。但拜登上台后，在施政纲领中段不自觉地被极左翼裹挟，民主党两院领袖在思想上被绑架的情况更加严重。</blockquote></p><p> In terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.</p><p><blockquote>在基建计划和福利计划方面，民主党两位国会领袖非常积极地将两个计划捆绑在一起，最终将拜登拖入泥潭。然而，拜登的表态仍然含糊其辞，暗示他正在基建计划的批准和两项计划的支持之间摇摆不定。因此，中间派和极左翼都表示，他们的声音代表了拜登的意见。</blockquote></p><p> To pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.</p><p><blockquote>为了在周一晚上通过投票，领导们在周末期间在这9个人身上下了很大功夫。令人失望的是，不仅努力得不偿失，更多的民主党人愿意加入这9人的团体，包括18人组成的民主党团体蓝狗。参议院的两名民主党人也支持放松两项计划。需要注意的是，这两个人的支持对于3.5万亿美元计划的实施是必要的。和喀布尔机场的困境一样，拜登在这场战斗中如果不能迅速化解战局，分裂必然会蔓延。</blockquote></p><p> <b>Now, there are 3 choices that Biden can make:</b></p><p><blockquote><b>现在，拜登可以做出3个选择：</b></blockquote></p><p> 1.&nbsp;Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;</p><p><blockquote>1.说服这9人和其他中间派支持捆绑两个计划，难度系数打70分；</blockquote></p><p> 2.&nbsp;Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;</p><p><blockquote>2.劝说极左翼放弃捆绑，难度系数标注90分；</blockquote></p><p> 3.&nbsp;Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.</p><p><blockquote>3、放弃来自极左翼的支持，竭力获得部分共和党议员背书，支持基建计划，难度系数为50分。</blockquote></p><p> The third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.</p><p><blockquote>第三种选择是总统最容易做出的。拜登和民主党领导人现在不敢提及，因为这会让左翼感到“被背叛”，这可能会影响下次选举的结果。第一种选择相对容易，对后期影响不大。但是，随着时间的推移，中间派的力量也会增长。</blockquote></p><p> If necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.</p><p><blockquote>如有必要，关于喀布尔机场困境的决定将悬而未决。但对拜登来说，基建计划的实施势在必行。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123156655","content_text":"The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan & welfare plan.\"\nThe withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.\nAccording to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.\nAt a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.\nIt is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.\nBiden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.\nIn terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.\nTo pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.\nNow, there are 3 choices that Biden can make:\n1. Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;\n2. Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;\n3. Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.\nThe third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.\nIf necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835715629,"gmtCreate":1629753337761,"gmtModify":1633682786334,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/835715629","repostId":"1102818813","repostType":4,"isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832259137,"gmtCreate":1629643156929,"gmtModify":1633683615925,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/832259137","repostId":"1115632642","repostType":4,"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832028674,"gmtCreate":1629545503998,"gmtModify":1633684103115,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like thks","listText":"Like thks","text":"Like thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832028674","repostId":"1172699620","repostType":4,"repost":{"id":"1172699620","kind":"news","pubTimestamp":1629450202,"share":"https://www.laohu8.com/m/news/1172699620?lang=zh_CN&edition=full","pubTime":"2021-08-20 17:03","market":"us","language":"en","title":"Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172699620","media":"Kiplinger","summary":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar","content":"<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p><p><blockquote>细价股——那些低价交易的股票，通常每股股价不到一美元——是危险的。周期。事实上，除了少数例外，投资者应该避开这些超便宜的股票，这些股票通常在场外交易，而不是在主要交易所交易。</blockquote></p><p> Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p><p><blockquote>看涨期权他们细价股、微型股或场外交易股票；不管叫什么名字，都是坏消息。当前期投入如此之少的资金就可以进行投资时，快速轻松致富的承诺更容易上当。投资者可能会想，“风险有多大？”</blockquote></p><p> Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p><p><blockquote>大量。根据美国证券交易委员会的说法：“学术研究发现，场外交易股票往往流动性极差；经常成为涉嫌市场操纵的目标；平均产生负面且不稳定的投资回报；并且很少成长为大公司或过渡到在证券交易所上市。”</blockquote></p><p> We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p><p><blockquote>我们将在下面详细说明这一切的含义，但我只想说，SEC并不热衷于此。</blockquote></p><p> <h3><b>Why Penny Stocks Are So Dangerous</b></h3> To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p><p><blockquote><h3><b>为什么细价股如此危险</b></h3>需要明确的是，这并不是说每个细价股或场外交易公司都是骗局。危险在于，场外市场是骗局股票的生存之地。把它想象成一个糟糕的社区。在那里会让你成为骗子的标志。</blockquote></p><p> For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p><p><blockquote>在某些背景下，场外交易市场不同于纽约证券交易所或纳斯达克等交易集中的交易所。没有一个OTC交易所。相反，场外交易通过基于计算机和电话的系统将买家和卖家联系起来。任何不在纽约证券交易所、纳斯达克或其他美国成熟交易所交易的股票都可以进行场外交易。这些证券也被称为“非上市股票”。</blockquote></p><p> Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p><p><blockquote>通常，场外交易股票往往是高风险的微型股（市值低于3亿美元的小公司股票），其中包括纳米股（市值低于5000万美元的股票）。</blockquote></p><p> The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p><p><blockquote>美国证券交易委员会长期以来一直警告投资者此类股票的高风险。该行业的自律机构金融业监管局（FINRA）同样对场外证券的购买和交易发出了危险信号。</blockquote></p><p> That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p><p><blockquote>这是因为在场外交易市场上市的公司不需要像在纽约证券交易所或纳斯达克等主要交易所上市的公司那样提交定期或经审计的财务报告。换句话说，当他们声称有销售额和利润时，没有办法知道他们是否在说实话。各大交易所也有上市要求；场外交易股票则不然。例如，一家公司必须拥有至少400名股东且市值至少4000万美元才能在纽约证券交易所上市。OTC没有这样的要求。</blockquote></p><p> Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p><p><blockquote>综上所述，这使得无良的管理者更容易谎报业务前景或实施证券欺诈。</blockquote></p><p> But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p><p><blockquote>但这还不是全部。在场外交易的股票往往“缺乏流动性”，这意味着它们的交易量通常很低，买家和卖家数量有限。这可能会使投资者很难或不可能以他们想要的价格买卖股票。</blockquote></p><p> That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p><p><blockquote>流动性的缺乏也使许多场外交易股票成为“拉高抛售”计划的完美工具，即股票发起人引诱投资者购买股票，从而提高股价。然后，当价格足够高时，抽水者出售他的股票，导致股票下跌，给投资者留下糟糕的回报，甚至亏损。这里有人看到了吗<i>华尔街之狼</i>？</blockquote></p><p> To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p><p><blockquote>为了保护投资者不上当受骗，SEC在2012年至2015年间暂停了800多只微型股（占场外交易市场的8%以上）的交易。股票一旦暂停交易，就不能重新上市，除非公司提供最新的财务信息来证明其实际运营。由于这种情况很少发生，交易暂停基本上使股票对诈骗艺术家毫无用处。</blockquote></p><p> <h3><b>Legitimate OTCs</b></h3> Be that as it may, there is one segment of the OTC market that investors need not fear.</p><p><blockquote><h3><b>合法OTC</b></h3>尽管如此，场外交易市场的一部分投资者不必担心。</blockquote></p><p> Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p><p><blockquote>在混混中，一些世界上最大、最受尊敬的外国公司将其美国股票在场外交易而不是在美国主要交易所上市。在这里，您可以找到<b>The<a href=\"https://laohu8.com/S/IDCBY\">中国工商银行。</a></b>（IDCBY），恰好是世界上最大的银行。您还可以购买瑞士的股票<b>雀巢</b>（NSRGY），全球最大的食品公司；中国的<b><a href=\"https://laohu8.com/S/TCEHY\">腾讯控股控股有限公司。</a></b>(TCEHY)，该国最大的互联网服务提供商之一；和日本游戏巨头<b><a href=\"https://laohu8.com/S/NTDOY\">任天堂有限公司。</a></b>（NTDOY）。</blockquote></p><p> Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p><p><blockquote>为什么大型国际上市公司会与发行高度投机性细价股的公司合作？</blockquote></p><p></p><p> The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p><p><blockquote>原因与成本和便利性有关。例如，在纽约证券交易所或纳斯达克上市的外国公司必须为其所做的一切准备两套经审计的财务报表——一套符合国际会计准则，另一套符合公认会计原则(GAAP)在美国，这不是非处方药的要求。</blockquote></p><p> With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p><p><blockquote>通过场外交易上市，外国公司可以以很低的成本和精力接触到庞大的美国股票投资者。</blockquote></p><p> The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p><p><blockquote>最重要的是，除了大型老牌外国公司，场外交易股票风险太大。普通投资者不可能知道公司是否在上升。即使是合法的小公司也可能在一夜之间倒闭。场外交易股票的陷阱根本不值得。</blockquote></p><p> It’s easy enough to lose money investing in stocks. Why make it easier?</p><p><blockquote>投资股票很容易赔钱。为什么要让它更容易？</blockquote></p><p></p>","source":"lsy1629449927514","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>Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</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\">\nPenny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Kiplinger</strong><span class=\"h-time small\">2021-08-20 17:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p><p><blockquote>细价股——那些低价交易的股票，通常每股股价不到一美元——是危险的。周期。事实上，除了少数例外，投资者应该避开这些超便宜的股票，这些股票通常在场外交易，而不是在主要交易所交易。</blockquote></p><p> Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p><p><blockquote>看涨期权他们细价股、微型股或场外交易股票；不管叫什么名字，都是坏消息。当前期投入如此之少的资金就可以进行投资时，快速轻松致富的承诺更容易上当。投资者可能会想，“风险有多大？”</blockquote></p><p> Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p><p><blockquote>大量。根据美国证券交易委员会的说法：“学术研究发现，场外交易股票往往流动性极差；经常成为涉嫌市场操纵的目标；平均产生负面且不稳定的投资回报；并且很少成长为大公司或过渡到在证券交易所上市。”</blockquote></p><p> We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p><p><blockquote>我们将在下面详细说明这一切的含义，但我只想说，SEC并不热衷于此。</blockquote></p><p> <h3><b>Why Penny Stocks Are So Dangerous</b></h3> To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p><p><blockquote><h3><b>为什么细价股如此危险</b></h3>需要明确的是，这并不是说每个细价股或场外交易公司都是骗局。危险在于，场外市场是骗局股票的生存之地。把它想象成一个糟糕的社区。在那里会让你成为骗子的标志。</blockquote></p><p> For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p><p><blockquote>在某些背景下，场外交易市场不同于纽约证券交易所或纳斯达克等交易集中的交易所。没有一个OTC交易所。相反，场外交易通过基于计算机和电话的系统将买家和卖家联系起来。任何不在纽约证券交易所、纳斯达克或其他美国成熟交易所交易的股票都可以进行场外交易。这些证券也被称为“非上市股票”。</blockquote></p><p> Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p><p><blockquote>通常，场外交易股票往往是高风险的微型股（市值低于3亿美元的小公司股票），其中包括纳米股（市值低于5000万美元的股票）。</blockquote></p><p> The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p><p><blockquote>美国证券交易委员会长期以来一直警告投资者此类股票的高风险。该行业的自律机构金融业监管局（FINRA）同样对场外证券的购买和交易发出了危险信号。</blockquote></p><p> That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p><p><blockquote>这是因为在场外交易市场上市的公司不需要像在纽约证券交易所或纳斯达克等主要交易所上市的公司那样提交定期或经审计的财务报告。换句话说，当他们声称有销售额和利润时，没有办法知道他们是否在说实话。各大交易所也有上市要求；场外交易股票则不然。例如，一家公司必须拥有至少400名股东且市值至少4000万美元才能在纽约证券交易所上市。OTC没有这样的要求。</blockquote></p><p> Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p><p><blockquote>综上所述，这使得无良的管理者更容易谎报业务前景或实施证券欺诈。</blockquote></p><p> But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p><p><blockquote>但这还不是全部。在场外交易的股票往往“缺乏流动性”，这意味着它们的交易量通常很低，买家和卖家数量有限。这可能会使投资者很难或不可能以他们想要的价格买卖股票。</blockquote></p><p> That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p><p><blockquote>流动性的缺乏也使许多场外交易股票成为“拉高抛售”计划的完美工具，即股票发起人引诱投资者购买股票，从而提高股价。然后，当价格足够高时，抽水者出售他的股票，导致股票下跌，给投资者留下糟糕的回报，甚至亏损。这里有人看到了吗<i>华尔街之狼</i>？</blockquote></p><p> To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p><p><blockquote>为了保护投资者不上当受骗，SEC在2012年至2015年间暂停了800多只微型股（占场外交易市场的8%以上）的交易。股票一旦暂停交易，就不能重新上市，除非公司提供最新的财务信息来证明其实际运营。由于这种情况很少发生，交易暂停基本上使股票对诈骗艺术家毫无用处。</blockquote></p><p> <h3><b>Legitimate OTCs</b></h3> Be that as it may, there is one segment of the OTC market that investors need not fear.</p><p><blockquote><h3><b>合法OTC</b></h3>尽管如此，场外交易市场的一部分投资者不必担心。</blockquote></p><p> Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p><p><blockquote>在混混中，一些世界上最大、最受尊敬的外国公司将其美国股票在场外交易而不是在美国主要交易所上市。在这里，您可以找到<b>The<a href=\"https://laohu8.com/S/IDCBY\">中国工商银行。</a></b>（IDCBY），恰好是世界上最大的银行。您还可以购买瑞士的股票<b>雀巢</b>（NSRGY），全球最大的食品公司；中国的<b><a href=\"https://laohu8.com/S/TCEHY\">腾讯控股控股有限公司。</a></b>(TCEHY)，该国最大的互联网服务提供商之一；和日本游戏巨头<b><a href=\"https://laohu8.com/S/NTDOY\">任天堂有限公司。</a></b>（NTDOY）。</blockquote></p><p> Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p><p><blockquote>为什么大型国际上市公司会与发行高度投机性细价股的公司合作？</blockquote></p><p></p><p> The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p><p><blockquote>原因与成本和便利性有关。例如，在纽约证券交易所或纳斯达克上市的外国公司必须为其所做的一切准备两套经审计的财务报表——一套符合国际会计准则，另一套符合公认会计原则(GAAP)在美国，这不是非处方药的要求。</blockquote></p><p> With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p><p><blockquote>通过场外交易上市，外国公司可以以很低的成本和精力接触到庞大的美国股票投资者。</blockquote></p><p> The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p><p><blockquote>最重要的是，除了大型老牌外国公司，场外交易股票风险太大。普通投资者不可能知道公司是否在上升。即使是合法的小公司也可能在一夜之间倒闭。场外交易股票的陷阱根本不值得。</blockquote></p><p> It’s easy enough to lose money investing in stocks. Why make it easier?</p><p><blockquote>投资股票很容易赔钱。为什么要让它更容易？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away\">Kiplinger</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":{"TCEHY":"腾讯控股ADR","IDCBY":"工商银行ADR","NTDOY":"任天堂"},"source_url":"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172699620","content_text":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.\nCall them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"\nPlenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”\nWe’ll break down what all that means below, but suffice to say, the SEC is not a fan.\nWhy Penny Stocks Are So Dangerous\nTo be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.\nFor some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”\nTypically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).\nThe SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.\nThat’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.\nPut it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.\nBut that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.\nThat lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see The Wolf of Wall Street?\nTo protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.\nLegitimate OTCs\nBe that as it may, there is one segment of the OTC market that investors need not fear.\nAmidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of The Industrial and Commercial Bank of China Ltd. (IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’sNestlé(NSRGY), the largest food company in the world; China’s Tencent Holding Ltd. (TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant Nintendo Co., Ltd. (NTDOY).\nWhy would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?\nThe reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.\nWith an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.\nThe bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.\nIt’s easy enough to lose money investing in stocks. 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the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.As the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond ind","content":"<p>  <b>Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.</b>  Is there a Perfect Portfolio for investors?</p><p><blockquote><b>听听杰里米·西格尔、查尔斯·埃利斯、杰克·博格尔、罗伯特·席勒等人的意见。</b>投资者有完美的投资组合吗？</blockquote></p><p> We posed this question to 10 of the most respected pioneers in the investment community. Six have Nobel Prizes in Economics: Harry Markowitz, the founder of Modern Portfolio Theory, the basis of the modern investment portfolio; his protégé William Sharpe, creator of the Capital Asset Pricing Model (CAPM) and the beta risk measure that changed how we think about risk and reward in the financial markets; Eugene Fama, who developed the Efficient Market Hypothesis; Myron Scholes and Robert Merton, two of the co-creators of the Black-Scholes/Merton option pricing model; and Robert Shiller, the behavioral economist whose work challenged the notion of market efficiency.</p><p><blockquote>我们向投资界最受尊敬的10位先驱提出了这个问题。六位获得诺贝尔经济学奖：哈里·马科维茨，现代投资组合理论的创始人，现代投资组合的基础；他的得意门生威廉·夏普（William Sharpe）是资本资产定价模型（CAPM）和贝塔风险衡量标准的创始人，改变了我们对金融市场风险和回报的看法；尤金·法玛，提出了有效市场假说；迈伦·斯科尔斯和罗伯特·默顿，布莱克-斯科尔斯/默顿期权定价模型的两位共同创始人；还有行为经济学家罗伯特·席勒，他的工作挑战了市场效率的概念。</blockquote></p><p> The other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.</p><p><blockquote>另外四位是投资组合经理、投资者和畅销书作家，他们已售出数百万本投资书籍，其中包括先锋集团创始人杰克·博格尔；“邦德大师”马蒂·莱博维茨；“华尔街最聪明的人”、格林威治联合创始人查尔斯·埃利斯；还有“沃顿商学院的巫师”杰里米·西格尔。</blockquote></p><p> It’s no surprise that there isn’t consensus among their suggestions, given their varied backgrounds and interests. The different viewpoints of these financial luminaries illustrate the complexity of portfolio management—one size clearly doesn’t fit all.</p><p><blockquote>鉴于他们不同的背景和兴趣，他们的建议没有达成共识也就不足为奇了。这些金融名人的不同观点说明了投资组合管理的复杂性——一种尺寸显然不能适合所有人。</blockquote></p><p> Think of the Perfect Portfolios of our experts as building blocks for your own Perfect Portfolio, collectively capable of accommodating the goals and constraints of all investors, if used in the right combination.</p><p><blockquote>将我们专家的完美投资组合视为您自己的完美投资组合的构建模块，如果以正确的组合使用，它们共同能够适应所有投资者的目标和限制。</blockquote></p><p> Markowitz suggests that first and foremost, you should diversify. Focus only on portfolios of securities, and in particular, those that have the highest level of expected returns for a given level of risk, Markowitz’s famous efficient frontier. The same concept applies across asset classes like bonds, real estate and commodities. The key for the investor is to find securities and asset classes with low correlations to each other, so that movements in one are not necessarily reflected in the others.</p><p><blockquote>马科维茨建议，首先也是最重要的，你应该多元化。只关注证券投资组合，特别是那些在给定风险水平下具有最高预期回报的证券，即马科维茨著名的有效前沿。同样的概念也适用于债券、房地产和大宗商品等资产类别。投资者的关键是找到彼此相关性较低的证券和资产类别，这样一种证券和资产类别的变动不一定反映在其他证券和资产类别中。</blockquote></p><p> Sharpe’s Perfect Portfolio is just what his famous Capital Asset Pricing Model suggests: investing in the market as a whole. Sharpe recommends a U.S. total stock market fund, a non-U.S. total stock market fund, a U.S. total bond market fund, and a non-U.S. total bond market fund.</p><p><blockquote>夏普的完美投资组合正是他著名的资本资产定价模型所暗示的：投资于整个市场。夏普推荐一只美国总股市基金、一只非美国总股市基金、一只美国总债市基金、一只非美国总债市基金。</blockquote></p><p> Fama and his collaborator Ken French created a model that starts with Sharpe’s CAPM and augments it with two other factors. One captures the difference in returns between value and growth stocks, while the other captures the difference between stocks in companies with small and large market capitalizations. Fama suggests tilting your diversified portfolio toward value stocks and small-cap stocks, both of which tend to do well over time.</p><p><blockquote>Fama和他的合作者Ken French创建了一个模型，从Sharpe的CAPM开始，并用另外两个因素对其进行了增强。一个捕捉价值型股票和成长型股票之间的回报差异，而另一个捕捉小市值和大市值公司股票之间的差异。Fama建议将您的多元化投资组合向价值股和小盘股倾斜，这两种股票随着时间的推移往往会表现良好。</blockquote></p><p> As the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond index funds, such as Vanguard’s ETF that tracks the S&amp;P 500 index SPX, +0.60%. His mantra was to lower your costs through index funds and not take actions that might destroy value: “Don’t do something, just stand there!”</p><p><blockquote>作为第一只指数共同基金的创始人，Bogle的投资组合完全是股票和债券指数基金，例如Vanguard跟踪标普500指数SPX的ETF，+0.60%。他的口头禅是通过指数基金降低成本，不要采取可能破坏价值的行动：“什么都不要做，就站在那里！”</blockquote></p><p> For Scholes, the Perfect Portfolio is about risk management. Your investment success will depend most on avoiding the downside “tail risks,” rare but severe stock market downturns such as the financial crisis of 2007–2009 or the COVID-19 pandemic, while capitalizing on the positive “tail gains.”</p><p><blockquote>对于斯科尔斯来说，完美的投资组合就是风险管理。您的投资成功将主要取决于避免下行“尾部风险”，即罕见但严重的股市低迷，例如2007-2009年的金融危机或COVID-19大流行，同时利用积极的“尾部收益”。</blockquote></p><p> Pay attention to what the derivatives markets such as the VIX volatility index VIX, -1.39% are telling you. For example, when the VIX is at a level below its historical average, you may feel more comfortable investing a greater proportion of your assets in risky stocks.</p><p><blockquote>关注VIX波动率指数VIX,-1.39%等衍生品市场告诉你什么。例如，当VIX处于低于历史平均水平的水平时，您可能会更愿意将更大比例的资产投资于风险股票。</blockquote></p><p> For Merton, ultimately, the Perfect Portfolio should be your very own risk-free asset, like the inflation-protected government bond TIPS. For your retirement goal, ideally you would take your savings at retirement, and buy an annuity that would provide a lifetime income to meet your anticipated needs.</p><p><blockquote>对于默顿来说，最终，完美的投资组合应该是您自己的无风险资产，例如通胀保值政府债券TIPS。对于您的退休目标，理想情况下，您应该在退休时拿出您的积蓄，购买一份年金，提供终身收入以满足您的预期需求。</blockquote></p><p> Leibowitz’s Perfect Portfolio is about the amount of risk you can personally bear. Be prepared to try to make some tough judgment calls, and consider all of your circumstances, including potential life events, current taxes and estate taxes. In addition to equities, you should include bonds to reduce its overall volatility. Have a contingency plan to deal with serious adverse events.</p><p><blockquote>莱博维茨的完美投资组合是关于你个人可以承受的风险大小。评级，请准备好做出一些艰难的判断，并考虑您的所有情况，包括潜在的生活事件、当前税收和遗产税。除了股票，你还应该包括债券，以降低其整体波动性。有应对严重不良事件的应急计划。</blockquote></p><p> For Shiller, your Perfect Portfolio should be widely diversified, not only across major asset classes, but internationally as well. Place a heavier than typical weight in stocks around the world, where Shiller’s CAPE ratios—that is, cyclically adjusted price-to-earnings ratios—are relatively low.</p><p><blockquote>对于希勒来说，你的完美投资组合应该是广泛多元化的，不仅要跨越主要资产类别，还要跨越国际。对世界各地的股票给予比通常更重的权重，这些股票的席勒CAPE比率（即周期性调整后的市盈率）相对较低。</blockquote></p><p></p><p> For Ellis, one of the original advocates of passive investing, your Perfect Portfolio should of course include index funds, especially if you want to have a good chance of being in the top 20% of funds over the next 20 years. You should invest in bond index funds and low-cost international index funds, such as the MSCI EAFE (Europe, Australasia, and Far East) index. Pay attention to your taxes.</p><p><blockquote>对于被动投资的最初倡导者之一埃利斯来说，你的完美投资组合当然应该包括指数基金，尤其是如果你想在未来20年内有很好的机会进入前20%的基金。您应该投资债券指数基金和低成本的国际指数基金，例如MSCI EAFE（欧洲、澳大拉西亚和远东）指数。注意你的税收。</blockquote></p><p> And Siegel encourages you to have reasonable expectations in line with financial history, no surprise for the author of the bestselling “Stocks for the Long Run”. The longer your investment horizon, the greater proportion of your Perfect Portfolio should be in stocks. Consider developing-country stocks. For fixed-income investments, consider TIPS.</p><p><blockquote>西格尔鼓励你有符合金融历史的合理预期，这对于畅销书《长期股票》的作者来说并不奇怪。你的投资期限越长，你的完美投资组合中股票的比例就应该越大。以发展中国家的股票为例。对于固定收益投资，请考虑提示。</blockquote></p><p> Finally, as you build your Perfect Portfolio, reflect on your degree of risk aversion, your earning power, the magnitude of your current and future desired wealth, and the magnitude of your current and future financial needs. To assist you, we have created a four-question survey to help you discover where you fit in among 16 types of investors. It then points you toward your Perfect Portfolio and an action that may help you achieve it.</p><p><blockquote>最后，当你建立完美的投资组合时，反思你的风险规避程度、你的盈利能力、你当前和未来想要的财富的规模，以及你当前和未来的财务需求的规模。为了帮助您，我们创建了一个包含四个问题的调查，帮助您发现自己在16种类型的投资者中的位置。然后，它会给你指出你的完美投资组合和一个可能帮助你实现它的行动。</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>How 10 of the world’s smartest investors can help you build your perfect portfolio<blockquote>世界上10位最聪明的投资者如何帮助您建立完美的投资组合</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 10 of the world’s smartest investors can help you build your perfect portfolio<blockquote>世界上10位最聪明的投资者如何帮助您建立完美的投资组合</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 21:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.</b>  Is there a Perfect Portfolio for investors?</p><p><blockquote><b>听听杰里米·西格尔、查尔斯·埃利斯、杰克·博格尔、罗伯特·席勒等人的意见。</b>投资者有完美的投资组合吗？</blockquote></p><p> We posed this question to 10 of the most respected pioneers in the investment community. Six have Nobel Prizes in Economics: Harry Markowitz, the founder of Modern Portfolio Theory, the basis of the modern investment portfolio; his protégé William Sharpe, creator of the Capital Asset Pricing Model (CAPM) and the beta risk measure that changed how we think about risk and reward in the financial markets; Eugene Fama, who developed the Efficient Market Hypothesis; Myron Scholes and Robert Merton, two of the co-creators of the Black-Scholes/Merton option pricing model; and Robert Shiller, the behavioral economist whose work challenged the notion of market efficiency.</p><p><blockquote>我们向投资界最受尊敬的10位先驱提出了这个问题。六位获得诺贝尔经济学奖：哈里·马科维茨，现代投资组合理论的创始人，现代投资组合的基础；他的得意门生威廉·夏普（William Sharpe）是资本资产定价模型（CAPM）和贝塔风险衡量标准的创始人，改变了我们对金融市场风险和回报的看法；尤金·法玛，提出了有效市场假说；迈伦·斯科尔斯和罗伯特·默顿，布莱克-斯科尔斯/默顿期权定价模型的两位共同创始人；还有行为经济学家罗伯特·席勒，他的工作挑战了市场效率的概念。</blockquote></p><p> The other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.</p><p><blockquote>另外四位是投资组合经理、投资者和畅销书作家，他们已售出数百万本投资书籍，其中包括先锋集团创始人杰克·博格尔；“邦德大师”马蒂·莱博维茨；“华尔街最聪明的人”、格林威治联合创始人查尔斯·埃利斯；还有“沃顿商学院的巫师”杰里米·西格尔。</blockquote></p><p> It’s no surprise that there isn’t consensus among their suggestions, given their varied backgrounds and interests. The different viewpoints of these financial luminaries illustrate the complexity of portfolio management—one size clearly doesn’t fit all.</p><p><blockquote>鉴于他们不同的背景和兴趣，他们的建议没有达成共识也就不足为奇了。这些金融名人的不同观点说明了投资组合管理的复杂性——一种尺寸显然不能适合所有人。</blockquote></p><p> Think of the Perfect Portfolios of our experts as building blocks for your own Perfect Portfolio, collectively capable of accommodating the goals and constraints of all investors, if used in the right combination.</p><p><blockquote>将我们专家的完美投资组合视为您自己的完美投资组合的构建模块，如果以正确的组合使用，它们共同能够适应所有投资者的目标和限制。</blockquote></p><p> Markowitz suggests that first and foremost, you should diversify. Focus only on portfolios of securities, and in particular, those that have the highest level of expected returns for a given level of risk, Markowitz’s famous efficient frontier. The same concept applies across asset classes like bonds, real estate and commodities. The key for the investor is to find securities and asset classes with low correlations to each other, so that movements in one are not necessarily reflected in the others.</p><p><blockquote>马科维茨建议，首先也是最重要的，你应该多元化。只关注证券投资组合，特别是那些在给定风险水平下具有最高预期回报的证券，即马科维茨著名的有效前沿。同样的概念也适用于债券、房地产和大宗商品等资产类别。投资者的关键是找到彼此相关性较低的证券和资产类别，这样一种证券和资产类别的变动不一定反映在其他证券和资产类别中。</blockquote></p><p> Sharpe’s Perfect Portfolio is just what his famous Capital Asset Pricing Model suggests: investing in the market as a whole. Sharpe recommends a U.S. total stock market fund, a non-U.S. total stock market fund, a U.S. total bond market fund, and a non-U.S. total bond market fund.</p><p><blockquote>夏普的完美投资组合正是他著名的资本资产定价模型所暗示的：投资于整个市场。夏普推荐一只美国总股市基金、一只非美国总股市基金、一只美国总债市基金、一只非美国总债市基金。</blockquote></p><p> Fama and his collaborator Ken French created a model that starts with Sharpe’s CAPM and augments it with two other factors. One captures the difference in returns between value and growth stocks, while the other captures the difference between stocks in companies with small and large market capitalizations. Fama suggests tilting your diversified portfolio toward value stocks and small-cap stocks, both of which tend to do well over time.</p><p><blockquote>Fama和他的合作者Ken French创建了一个模型，从Sharpe的CAPM开始，并用另外两个因素对其进行了增强。一个捕捉价值型股票和成长型股票之间的回报差异，而另一个捕捉小市值和大市值公司股票之间的差异。Fama建议将您的多元化投资组合向价值股和小盘股倾斜，这两种股票随着时间的推移往往会表现良好。</blockquote></p><p> As the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond index funds, such as Vanguard’s ETF that tracks the S&amp;P 500 index SPX, +0.60%. His mantra was to lower your costs through index funds and not take actions that might destroy value: “Don’t do something, just stand there!”</p><p><blockquote>作为第一只指数共同基金的创始人，Bogle的投资组合完全是股票和债券指数基金，例如Vanguard跟踪标普500指数SPX的ETF，+0.60%。他的口头禅是通过指数基金降低成本，不要采取可能破坏价值的行动：“什么都不要做，就站在那里！”</blockquote></p><p> For Scholes, the Perfect Portfolio is about risk management. Your investment success will depend most on avoiding the downside “tail risks,” rare but severe stock market downturns such as the financial crisis of 2007–2009 or the COVID-19 pandemic, while capitalizing on the positive “tail gains.”</p><p><blockquote>对于斯科尔斯来说，完美的投资组合就是风险管理。您的投资成功将主要取决于避免下行“尾部风险”，即罕见但严重的股市低迷，例如2007-2009年的金融危机或COVID-19大流行，同时利用积极的“尾部收益”。</blockquote></p><p> Pay attention to what the derivatives markets such as the VIX volatility index VIX, -1.39% are telling you. For example, when the VIX is at a level below its historical average, you may feel more comfortable investing a greater proportion of your assets in risky stocks.</p><p><blockquote>关注VIX波动率指数VIX,-1.39%等衍生品市场告诉你什么。例如，当VIX处于低于历史平均水平的水平时，您可能会更愿意将更大比例的资产投资于风险股票。</blockquote></p><p> For Merton, ultimately, the Perfect Portfolio should be your very own risk-free asset, like the inflation-protected government bond TIPS. For your retirement goal, ideally you would take your savings at retirement, and buy an annuity that would provide a lifetime income to meet your anticipated needs.</p><p><blockquote>对于默顿来说，最终，完美的投资组合应该是您自己的无风险资产，例如通胀保值政府债券TIPS。对于您的退休目标，理想情况下，您应该在退休时拿出您的积蓄，购买一份年金，提供终身收入以满足您的预期需求。</blockquote></p><p> Leibowitz’s Perfect Portfolio is about the amount of risk you can personally bear. Be prepared to try to make some tough judgment calls, and consider all of your circumstances, including potential life events, current taxes and estate taxes. In addition to equities, you should include bonds to reduce its overall volatility. Have a contingency plan to deal with serious adverse events.</p><p><blockquote>莱博维茨的完美投资组合是关于你个人可以承受的风险大小。评级，请准备好做出一些艰难的判断，并考虑您的所有情况，包括潜在的生活事件、当前税收和遗产税。除了股票，你还应该包括债券，以降低其整体波动性。有应对严重不良事件的应急计划。</blockquote></p><p> For Shiller, your Perfect Portfolio should be widely diversified, not only across major asset classes, but internationally as well. Place a heavier than typical weight in stocks around the world, where Shiller’s CAPE ratios—that is, cyclically adjusted price-to-earnings ratios—are relatively low.</p><p><blockquote>对于希勒来说，你的完美投资组合应该是广泛多元化的，不仅要跨越主要资产类别，还要跨越国际。对世界各地的股票给予比通常更重的权重，这些股票的席勒CAPE比率（即周期性调整后的市盈率）相对较低。</blockquote></p><p></p><p> For Ellis, one of the original advocates of passive investing, your Perfect Portfolio should of course include index funds, especially if you want to have a good chance of being in the top 20% of funds over the next 20 years. You should invest in bond index funds and low-cost international index funds, such as the MSCI EAFE (Europe, Australasia, and Far East) index. Pay attention to your taxes.</p><p><blockquote>对于被动投资的最初倡导者之一埃利斯来说，你的完美投资组合当然应该包括指数基金，尤其是如果你想在未来20年内有很好的机会进入前20%的基金。您应该投资债券指数基金和低成本的国际指数基金，例如MSCI EAFE（欧洲、澳大拉西亚和远东）指数。注意你的税收。</blockquote></p><p> And Siegel encourages you to have reasonable expectations in line with financial history, no surprise for the author of the bestselling “Stocks for the Long Run”. The longer your investment horizon, the greater proportion of your Perfect Portfolio should be in stocks. Consider developing-country stocks. For fixed-income investments, consider TIPS.</p><p><blockquote>西格尔鼓励你有符合金融历史的合理预期，这对于畅销书《长期股票》的作者来说并不奇怪。你的投资期限越长，你的完美投资组合中股票的比例就应该越大。以发展中国家的股票为例。对于固定收益投资，请考虑提示。</blockquote></p><p> Finally, as you build your Perfect Portfolio, reflect on your degree of risk aversion, your earning power, the magnitude of your current and future desired wealth, and the magnitude of your current and future financial needs. To assist you, we have created a four-question survey to help you discover where you fit in among 16 types of investors. It then points you toward your Perfect Portfolio and an action that may help you achieve it.</p><p><blockquote>最后，当你建立完美的投资组合时，反思你的风险规避程度、你的盈利能力、你当前和未来想要的财富的规模，以及你当前和未来的财务需求的规模。为了帮助您，我们创建了一个包含四个问题的调查，帮助您发现自己在16种类型的投资者中的位置。然后，它会给你指出你的完美投资组合和一个可能帮助你实现它的行动。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/how-10-of-the-worlds-smartest-investors-can-help-you-build-your-perfect-portfolio-11628177690?siteid=yhoof2\">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/how-10-of-the-worlds-smartest-investors-can-help-you-build-your-perfect-portfolio-11628177690?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183941926","content_text":"Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.\n\nIs there a Perfect Portfolio for investors?\nWe posed this question to 10 of the most respected pioneers in the investment community. Six have Nobel Prizes in Economics: Harry Markowitz, the founder of Modern Portfolio Theory, the basis of the modern investment portfolio; his protégé William Sharpe, creator of the Capital Asset Pricing Model (CAPM) and the beta risk measure that changed how we think about risk and reward in the financial markets; Eugene Fama, who developed the Efficient Market Hypothesis; Myron Scholes and Robert Merton, two of the co-creators of the Black-Scholes/Merton option pricing model; and Robert Shiller, the behavioral economist whose work challenged the notion of market efficiency.\nThe other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.\nIt’s no surprise that there isn’t consensus among their suggestions, given their varied backgrounds and interests. The different viewpoints of these financial luminaries illustrate the complexity of portfolio management—one size clearly doesn’t fit all.\nThink of the Perfect Portfolios of our experts as building blocks for your own Perfect Portfolio, collectively capable of accommodating the goals and constraints of all investors, if used in the right combination.\nMarkowitz suggests that first and foremost, you should diversify. Focus only on portfolios of securities, and in particular, those that have the highest level of expected returns for a given level of risk, Markowitz’s famous efficient frontier. The same concept applies across asset classes like bonds, real estate and commodities. The key for the investor is to find securities and asset classes with low correlations to each other, so that movements in one are not necessarily reflected in the others.\nSharpe’s Perfect Portfolio is just what his famous Capital Asset Pricing Model suggests: investing in the market as a whole. Sharpe recommends a U.S. total stock market fund, a non-U.S. total stock market fund, a U.S. total bond market fund, and a non-U.S. total bond market fund.\nFama and his collaborator Ken French created a model that starts with Sharpe’s CAPM and augments it with two other factors. One captures the difference in returns between value and growth stocks, while the other captures the difference between stocks in companies with small and large market capitalizations. Fama suggests tilting your diversified portfolio toward value stocks and small-cap stocks, both of which tend to do well over time.\nAs the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond index funds, such as Vanguard’s ETF that tracks the S&P 500 index SPX, +0.60%. His mantra was to lower your costs through index funds and not take actions that might destroy value: “Don’t do something, just stand there!”\nFor Scholes, the Perfect Portfolio is about risk management. Your investment success will depend most on avoiding the downside “tail risks,” rare but severe stock market downturns such as the financial crisis of 2007–2009 or the COVID-19 pandemic, while capitalizing on the positive “tail gains.”\nPay attention to what the derivatives markets such as the VIX volatility index VIX, -1.39% are telling you. For example, when the VIX is at a level below its historical average, you may feel more comfortable investing a greater proportion of your assets in risky stocks.\nFor Merton, ultimately, the Perfect Portfolio should be your very own risk-free asset, like the inflation-protected government bond TIPS. For your retirement goal, ideally you would take your savings at retirement, and buy an annuity that would provide a lifetime income to meet your anticipated needs.\nLeibowitz’s Perfect Portfolio is about the amount of risk you can personally bear. Be prepared to try to make some tough judgment calls, and consider all of your circumstances, including potential life events, current taxes and estate taxes. In addition to equities, you should include bonds to reduce its overall volatility. Have a contingency plan to deal with serious adverse events.\nFor Shiller, your Perfect Portfolio should be widely diversified, not only across major asset classes, but internationally as well. Place a heavier than typical weight in stocks around the world, where Shiller’s CAPE ratios—that is, cyclically adjusted price-to-earnings ratios—are relatively low.\nFor Ellis, one of the original advocates of passive investing, your Perfect Portfolio should of course include index funds, especially if you want to have a good chance of being in the top 20% of funds over the next 20 years. You should invest in bond index funds and low-cost international index funds, such as the MSCI EAFE (Europe, Australasia, and Far East) index. Pay attention to your taxes.\nAnd Siegel encourages you to have reasonable expectations in line with financial history, no surprise for the author of the bestselling “Stocks for the Long Run”. The longer your investment horizon, the greater proportion of your Perfect Portfolio should be in stocks. Consider developing-country stocks. For fixed-income investments, consider TIPS.\nFinally, as you build your Perfect Portfolio, reflect on your degree of risk aversion, your earning power, the magnitude of your current and future desired wealth, and the magnitude of your current and future financial needs. To assist you, we have created a four-question survey to help you discover where you fit in among 16 types of investors. It then points you toward your Perfect Portfolio and an action that may help you achieve it.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":606509682,"gmtCreate":1638889562401,"gmtModify":1638889562701,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/606509682","repostId":"2189476639","repostType":4,"isVote":1,"tweetType":1,"viewCount":3516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":834783463,"gmtCreate":1629839240052,"gmtModify":1633682142804,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like thanks","listText":"Like thanks","text":"Like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834783463","repostId":"1123156655","repostType":4,"repost":{"id":"1123156655","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":1629814580,"share":"https://www.laohu8.com/m/news/1123156655?lang=zh_CN&edition=full","pubTime":"2021-08-24 22:16","market":"us","language":"en","title":"“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123156655","media":"Tiger Newspress","summary":"The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as ","content":"<p>The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan&nbsp;&amp; welfare plan.\"</p><p><blockquote>隐藏在喀布尔机场背后的危机已经形成了拜登必须面对的第一个麻烦，正如我们在8月23日发布的文章中所讨论的那样。第二个问题是什么？答案是“基础设施计划和福利计划”。</blockquote></p><p> The withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.</p><p><blockquote>从阿富汗撤军，让全世界都感受到了美国军事力量的削弱。其间，撤军也给了民主党内斗的理由。拜登的基建计划从上任第一天起就高调推进。然而，基建计划遇到了障碍。</blockquote></p><p> According to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.</p><p><blockquote>按照美国各大投行昨日的表态，这9位民主党中间派根本不可能一脚踢到刺头上。一个原因是，这9名民主党议员都不够知名。第二个原因是，过去40年白宫力推的法案从未被民主党中间派成功“绑架”。如果民主党9名中间派共同努力，确实有可能阻止两个方案一起通过。如果是这样，基础设施计划不被通过的可能性将会更大。基建计划不能通过，不仅会导致拜登优势崩塌也会导致民主党明年中期选举的破局。因此，市场判断4.5万亿美元计划将如期推出。</blockquote></p><p> At a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.</p><p><blockquote>从表面上看，斗争之后是基建计划与福利计划的不相容；但从更深层次看，则是民主党中间派与极左翼的不和谐。</blockquote></p><p> It is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.</p><p><blockquote>基础设施计划很容易获得国会和白宫的批准。但极左翼意识到，一旦1万亿美元的基础设施计划单独通过，3.5万亿美元的福利计划将彻底化为乌有。因此，众议院的左翼在这个问题上让步了，表明要么这两个计划一起通过，要么都不通过。据说众议院下面的极左有50人，很难得罪。</blockquote></p><p> Biden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.</p><p><blockquote>拜登在白宫摘得桂冠，很大程度上得益于其民主党中间派的身份。不仅他是中间派，民主党两院领导人都抱着中间派的背景。但拜登上台后，在施政纲领中段不自觉地被极左翼裹挟，民主党两院领袖在思想上被绑架的情况更加严重。</blockquote></p><p> In terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.</p><p><blockquote>在基建计划和福利计划方面，民主党两位国会领袖非常积极地将两个计划捆绑在一起，最终将拜登拖入泥潭。然而，拜登的表态仍然含糊其辞，暗示他正在基建计划的批准和两项计划的支持之间摇摆不定。因此，中间派和极左翼都表示，他们的声音代表了拜登的意见。</blockquote></p><p> To pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.</p><p><blockquote>为了在周一晚上通过投票，领导们在周末期间在这9个人身上下了很大功夫。令人失望的是，不仅努力得不偿失，更多的民主党人愿意加入这9人的团体，包括18人组成的民主党团体蓝狗。参议院的两名民主党人也支持放松两项计划。需要注意的是，这两个人的支持对于3.5万亿美元计划的实施是必要的。和喀布尔机场的困境一样，拜登在这场战斗中如果不能迅速化解战局，分裂必然会蔓延。</blockquote></p><p> <b>Now, there are 3 choices that Biden can make:</b></p><p><blockquote><b>现在，拜登可以做出3个选择：</b></blockquote></p><p> 1.&nbsp;Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;</p><p><blockquote>1.说服这9人和其他中间派支持捆绑两个计划，难度系数打70分；</blockquote></p><p> 2.&nbsp;Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;</p><p><blockquote>2.劝说极左翼放弃捆绑，难度系数标注90分；</blockquote></p><p> 3.&nbsp;Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.</p><p><blockquote>3、放弃来自极左翼的支持，竭力获得部分共和党议员背书，支持基建计划，难度系数为50分。</blockquote></p><p> The third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.</p><p><blockquote>第三种选择是总统最容易做出的。拜登和民主党领导人现在不敢提及，因为这会让左翼感到“被背叛”，这可能会影响下次选举的结果。第一种选择相对容易，对后期影响不大。但是，随着时间的推移，中间派的力量也会增长。</blockquote></p><p> If necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.</p><p><blockquote>如有必要，关于喀布尔机场困境的决定将悬而未决。但对拜登来说，基建计划的实施势在必行。</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>“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</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\">\n“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with<blockquote>“基建计划和福利计划”——拜登要处理的第二个“麻烦”</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\">2021-08-24 22:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan&nbsp;&amp; welfare plan.\"</p><p><blockquote>隐藏在喀布尔机场背后的危机已经形成了拜登必须面对的第一个麻烦，正如我们在8月23日发布的文章中所讨论的那样。第二个问题是什么？答案是“基础设施计划和福利计划”。</blockquote></p><p> The withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.</p><p><blockquote>从阿富汗撤军，让全世界都感受到了美国军事力量的削弱。其间，撤军也给了民主党内斗的理由。拜登的基建计划从上任第一天起就高调推进。然而，基建计划遇到了障碍。</blockquote></p><p> According to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.</p><p><blockquote>按照美国各大投行昨日的表态，这9位民主党中间派根本不可能一脚踢到刺头上。一个原因是，这9名民主党议员都不够知名。第二个原因是，过去40年白宫力推的法案从未被民主党中间派成功“绑架”。如果民主党9名中间派共同努力，确实有可能阻止两个方案一起通过。如果是这样，基础设施计划不被通过的可能性将会更大。基建计划不能通过，不仅会导致拜登优势崩塌也会导致民主党明年中期选举的破局。因此，市场判断4.5万亿美元计划将如期推出。</blockquote></p><p> At a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.</p><p><blockquote>从表面上看，斗争之后是基建计划与福利计划的不相容；但从更深层次看，则是民主党中间派与极左翼的不和谐。</blockquote></p><p> It is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.</p><p><blockquote>基础设施计划很容易获得国会和白宫的批准。但极左翼意识到，一旦1万亿美元的基础设施计划单独通过，3.5万亿美元的福利计划将彻底化为乌有。因此，众议院的左翼在这个问题上让步了，表明要么这两个计划一起通过，要么都不通过。据说众议院下面的极左有50人，很难得罪。</blockquote></p><p> Biden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.</p><p><blockquote>拜登在白宫摘得桂冠，很大程度上得益于其民主党中间派的身份。不仅他是中间派，民主党两院领导人都抱着中间派的背景。但拜登上台后，在施政纲领中段不自觉地被极左翼裹挟，民主党两院领袖在思想上被绑架的情况更加严重。</blockquote></p><p> In terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.</p><p><blockquote>在基建计划和福利计划方面，民主党两位国会领袖非常积极地将两个计划捆绑在一起，最终将拜登拖入泥潭。然而，拜登的表态仍然含糊其辞，暗示他正在基建计划的批准和两项计划的支持之间摇摆不定。因此，中间派和极左翼都表示，他们的声音代表了拜登的意见。</blockquote></p><p> To pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.</p><p><blockquote>为了在周一晚上通过投票，领导们在周末期间在这9个人身上下了很大功夫。令人失望的是，不仅努力得不偿失，更多的民主党人愿意加入这9人的团体，包括18人组成的民主党团体蓝狗。参议院的两名民主党人也支持放松两项计划。需要注意的是，这两个人的支持对于3.5万亿美元计划的实施是必要的。和喀布尔机场的困境一样，拜登在这场战斗中如果不能迅速化解战局，分裂必然会蔓延。</blockquote></p><p> <b>Now, there are 3 choices that Biden can make:</b></p><p><blockquote><b>现在，拜登可以做出3个选择：</b></blockquote></p><p> 1.&nbsp;Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;</p><p><blockquote>1.说服这9人和其他中间派支持捆绑两个计划，难度系数打70分；</blockquote></p><p> 2.&nbsp;Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;</p><p><blockquote>2.劝说极左翼放弃捆绑，难度系数标注90分；</blockquote></p><p> 3.&nbsp;Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.</p><p><blockquote>3、放弃来自极左翼的支持，竭力获得部分共和党议员背书，支持基建计划，难度系数为50分。</blockquote></p><p> The third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.</p><p><blockquote>第三种选择是总统最容易做出的。拜登和民主党领导人现在不敢提及，因为这会让左翼感到“被背叛”，这可能会影响下次选举的结果。第一种选择相对容易，对后期影响不大。但是，随着时间的推移，中间派的力量也会增长。</blockquote></p><p> If necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.</p><p><blockquote>如有必要，关于喀布尔机场困境的决定将悬而未决。但对拜登来说，基建计划的实施势在必行。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123156655","content_text":"The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan & welfare plan.\"\nThe withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.\nAccording to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.\nAt a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.\nIt is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.\nBiden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.\nIn terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.\nTo pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.\nNow, there are 3 choices that Biden can make:\n1. Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;\n2. Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;\n3. Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.\nThe third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.\nIf necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830804726,"gmtCreate":1629039963465,"gmtModify":1633687827006,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"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/830804726","repostId":"2159211727","repostType":4,"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834788167,"gmtCreate":1629839400159,"gmtModify":1633682141626,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"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/834788167","repostId":"1129205176","repostType":4,"repost":{"id":"1129205176","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":1629812035,"share":"https://www.laohu8.com/m/news/1129205176?lang=zh_CN&edition=full","pubTime":"2021-08-24 21:33","market":"us","language":"en","title":"Stocks open slightly higher with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，股市小幅高开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129205176","media":"Tiger Newspress","summary":"Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators grant","content":"<p>Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.</p><p><blockquote>美国监管机构全面批准辉瑞BioNTech的新冠疫苗的消息传出后，股市普遍上涨，周二上午小幅走高。</blockquote></p><p> The Dow Jones Industrial Average rose 69 points. The S&amp;P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.</p><p><blockquote>道琼斯工业平均指数上涨69点。标普500和纳斯达克综合指数分别上涨0.7%和0.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83b79f69ce17bc1186a0c018fb756703\" tg-width=\"1040\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that&nbsp;the vaccine approval&nbsp;would clear path for more mandates in the face of the spread of the delta variant.</p><p><blockquote>市场本周开局走高，对经济复苏敏感的股票上涨，因为人们乐观地认为疫苗的批准将为面对德尔塔变异毒株的蔓延而实施更多授权扫清道路。</blockquote></p><p> \"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>首席市场官瑞安·德特里克(Ryan Detrick)表示：“考虑到最近病例激增和一些令人失望的经济数据，这是朝着正确方向迈出的又一步，它有助于增强那些可能仍在坚持接种疫苗的人的信心。”LPL金融策略师。</blockquote></p><p> Chinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.</p><p><blockquote>随着投资者对中国监管前景更加清晰，并购买最近遭受重创的股票，中国股市领涨纳斯达克。拼多多上涨16%，京东上涨10%，滴滴上涨8.5%。</blockquote></p><p> Best Buy shares rose 6% after the electronics retailer&nbsp;beat estimates on the top and bottom lines&nbsp;for the second quarter. Nordstrom is set to report after the close.</p><p><blockquote>电子产品零售商百思买第二季度的营收和利润超出预期，该公司股价上涨6%。诺德斯特龙将于收盘后发布报告。</blockquote></p><p> The S&amp;P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.</p><p><blockquote>标普500周一收盘上涨0.8%，此前触及盘中历史新高。以科技股为主的纳斯达克综合指数上涨约1.5%，创下收盘历史新高。道琼斯工业平均指数周一上涨超过200点。</blockquote></p><p> Investor are eyeing the Jackson Hole&nbsp;symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.</p><p><blockquote>投资者正在关注本周晚些时候的杰克逊霍尔研讨会，预计这将是一次影响市场的活动，各国央行行长可能会在会上详细介绍他们缩减货币刺激的计划。美联储已经开始讨论在今年年底前撤回每月1200亿美元的债券购买计划。</blockquote></p><p> The summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.</p><p><blockquote>峰会实际上将于周四举行，美联储主席杰罗姆·鲍威尔将于周五发表讲话。</blockquote></p><p> “The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>“美联储可能会在9月或11月宣布taper，但很可能是缓慢的taper，不会承诺加息。”Oanda高级市场分析师Edward Moya表示。</blockquote></p><p> The second-quarter earnings season is winding down with more than 90% S&amp;P 500 companies having reported results. S&amp;P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.</p><p><blockquote>第二季度财报季即将结束，超过90%的标普500公司已经公布了业绩。据Refinitiv称，标普500的盈利预计将同比增长94.7%。</blockquote></p><p> There is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.</p><p><blockquote>盘前几乎没有经济数据，但投资者将看到美国东部时间上午10点的住宅销售以及里士满联储的商业活动调查。</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 with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，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 with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，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\">2021-08-24 21:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.</p><p><blockquote>美国监管机构全面批准辉瑞BioNTech的新冠疫苗的消息传出后，股市普遍上涨，周二上午小幅走高。</blockquote></p><p> The Dow Jones Industrial Average rose 69 points. The S&amp;P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.</p><p><blockquote>道琼斯工业平均指数上涨69点。标普500和纳斯达克综合指数分别上涨0.7%和0.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83b79f69ce17bc1186a0c018fb756703\" tg-width=\"1040\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that&nbsp;the vaccine approval&nbsp;would clear path for more mandates in the face of the spread of the delta variant.</p><p><blockquote>市场本周开局走高，对经济复苏敏感的股票上涨，因为人们乐观地认为疫苗的批准将为面对德尔塔变异毒株的蔓延而实施更多授权扫清道路。</blockquote></p><p> \"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>首席市场官瑞安·德特里克(Ryan Detrick)表示：“考虑到最近病例激增和一些令人失望的经济数据，这是朝着正确方向迈出的又一步，它有助于增强那些可能仍在坚持接种疫苗的人的信心。”LPL金融策略师。</blockquote></p><p> Chinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.</p><p><blockquote>随着投资者对中国监管前景更加清晰，并购买最近遭受重创的股票，中国股市领涨纳斯达克。拼多多上涨16%，京东上涨10%，滴滴上涨8.5%。</blockquote></p><p> Best Buy shares rose 6% after the electronics retailer&nbsp;beat estimates on the top and bottom lines&nbsp;for the second quarter. Nordstrom is set to report after the close.</p><p><blockquote>电子产品零售商百思买第二季度的营收和利润超出预期，该公司股价上涨6%。诺德斯特龙将于收盘后发布报告。</blockquote></p><p> The S&amp;P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.</p><p><blockquote>标普500周一收盘上涨0.8%，此前触及盘中历史新高。以科技股为主的纳斯达克综合指数上涨约1.5%，创下收盘历史新高。道琼斯工业平均指数周一上涨超过200点。</blockquote></p><p> Investor are eyeing the Jackson Hole&nbsp;symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.</p><p><blockquote>投资者正在关注本周晚些时候的杰克逊霍尔研讨会，预计这将是一次影响市场的活动，各国央行行长可能会在会上详细介绍他们缩减货币刺激的计划。美联储已经开始讨论在今年年底前撤回每月1200亿美元的债券购买计划。</blockquote></p><p> The summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.</p><p><blockquote>峰会实际上将于周四举行，美联储主席杰罗姆·鲍威尔将于周五发表讲话。</blockquote></p><p> “The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>“美联储可能会在9月或11月宣布taper，但很可能是缓慢的taper，不会承诺加息。”Oanda高级市场分析师Edward Moya表示。</blockquote></p><p> The second-quarter earnings season is winding down with more than 90% S&amp;P 500 companies having reported results. S&amp;P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.</p><p><blockquote>第二季度财报季即将结束，超过90%的标普500公司已经公布了业绩。据Refinitiv称，标普500的盈利预计将同比增长94.7%。</blockquote></p><p> There is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.</p><p><blockquote>盘前几乎没有经济数据，但投资者将看到美国东部时间上午10点的住宅销售以及里士满联储的商业活动调查。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129205176","content_text":"Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.\nThe Dow Jones Industrial Average rose 69 points. The S&P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.\n\nThe market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that the vaccine approval would clear path for more mandates in the face of the spread of the delta variant.\n\"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.\nChinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.\nBest Buy shares rose 6% after the electronics retailer beat estimates on the top and bottom lines for the second quarter. Nordstrom is set to report after the close.\nThe S&P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.\nInvestor are eyeing the Jackson Hole symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.\nThe summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.\n“The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.\nThe second-quarter earnings season is winding down with more than 90% S&P 500 companies having reported results. S&P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.\nThere is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832028674,"gmtCreate":1629545503998,"gmtModify":1633684103115,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like thks","listText":"Like thks","text":"Like thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832028674","repostId":"1172699620","repostType":4,"repost":{"id":"1172699620","kind":"news","pubTimestamp":1629450202,"share":"https://www.laohu8.com/m/news/1172699620?lang=zh_CN&edition=full","pubTime":"2021-08-20 17:03","market":"us","language":"en","title":"Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172699620","media":"Kiplinger","summary":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar","content":"<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p><p><blockquote>细价股——那些低价交易的股票，通常每股股价不到一美元——是危险的。周期。事实上，除了少数例外，投资者应该避开这些超便宜的股票，这些股票通常在场外交易，而不是在主要交易所交易。</blockquote></p><p> Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p><p><blockquote>看涨期权他们细价股、微型股或场外交易股票；不管叫什么名字，都是坏消息。当前期投入如此之少的资金就可以进行投资时，快速轻松致富的承诺更容易上当。投资者可能会想，“风险有多大？”</blockquote></p><p> Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p><p><blockquote>大量。根据美国证券交易委员会的说法：“学术研究发现，场外交易股票往往流动性极差；经常成为涉嫌市场操纵的目标；平均产生负面且不稳定的投资回报；并且很少成长为大公司或过渡到在证券交易所上市。”</blockquote></p><p> We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p><p><blockquote>我们将在下面详细说明这一切的含义，但我只想说，SEC并不热衷于此。</blockquote></p><p> <h3><b>Why Penny Stocks Are So Dangerous</b></h3> To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p><p><blockquote><h3><b>为什么细价股如此危险</b></h3>需要明确的是，这并不是说每个细价股或场外交易公司都是骗局。危险在于，场外市场是骗局股票的生存之地。把它想象成一个糟糕的社区。在那里会让你成为骗子的标志。</blockquote></p><p> For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p><p><blockquote>在某些背景下，场外交易市场不同于纽约证券交易所或纳斯达克等交易集中的交易所。没有一个OTC交易所。相反，场外交易通过基于计算机和电话的系统将买家和卖家联系起来。任何不在纽约证券交易所、纳斯达克或其他美国成熟交易所交易的股票都可以进行场外交易。这些证券也被称为“非上市股票”。</blockquote></p><p> Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p><p><blockquote>通常，场外交易股票往往是高风险的微型股（市值低于3亿美元的小公司股票），其中包括纳米股（市值低于5000万美元的股票）。</blockquote></p><p> The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p><p><blockquote>美国证券交易委员会长期以来一直警告投资者此类股票的高风险。该行业的自律机构金融业监管局（FINRA）同样对场外证券的购买和交易发出了危险信号。</blockquote></p><p> That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p><p><blockquote>这是因为在场外交易市场上市的公司不需要像在纽约证券交易所或纳斯达克等主要交易所上市的公司那样提交定期或经审计的财务报告。换句话说，当他们声称有销售额和利润时，没有办法知道他们是否在说实话。各大交易所也有上市要求；场外交易股票则不然。例如，一家公司必须拥有至少400名股东且市值至少4000万美元才能在纽约证券交易所上市。OTC没有这样的要求。</blockquote></p><p> Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p><p><blockquote>综上所述，这使得无良的管理者更容易谎报业务前景或实施证券欺诈。</blockquote></p><p> But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p><p><blockquote>但这还不是全部。在场外交易的股票往往“缺乏流动性”，这意味着它们的交易量通常很低，买家和卖家数量有限。这可能会使投资者很难或不可能以他们想要的价格买卖股票。</blockquote></p><p> That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p><p><blockquote>流动性的缺乏也使许多场外交易股票成为“拉高抛售”计划的完美工具，即股票发起人引诱投资者购买股票，从而提高股价。然后，当价格足够高时，抽水者出售他的股票，导致股票下跌，给投资者留下糟糕的回报，甚至亏损。这里有人看到了吗<i>华尔街之狼</i>？</blockquote></p><p> To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p><p><blockquote>为了保护投资者不上当受骗，SEC在2012年至2015年间暂停了800多只微型股（占场外交易市场的8%以上）的交易。股票一旦暂停交易，就不能重新上市，除非公司提供最新的财务信息来证明其实际运营。由于这种情况很少发生，交易暂停基本上使股票对诈骗艺术家毫无用处。</blockquote></p><p> <h3><b>Legitimate OTCs</b></h3> Be that as it may, there is one segment of the OTC market that investors need not fear.</p><p><blockquote><h3><b>合法OTC</b></h3>尽管如此，场外交易市场的一部分投资者不必担心。</blockquote></p><p> Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p><p><blockquote>在混混中，一些世界上最大、最受尊敬的外国公司将其美国股票在场外交易而不是在美国主要交易所上市。在这里，您可以找到<b>The<a href=\"https://laohu8.com/S/IDCBY\">中国工商银行。</a></b>（IDCBY），恰好是世界上最大的银行。您还可以购买瑞士的股票<b>雀巢</b>（NSRGY），全球最大的食品公司；中国的<b><a href=\"https://laohu8.com/S/TCEHY\">腾讯控股控股有限公司。</a></b>(TCEHY)，该国最大的互联网服务提供商之一；和日本游戏巨头<b><a href=\"https://laohu8.com/S/NTDOY\">任天堂有限公司。</a></b>（NTDOY）。</blockquote></p><p> Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p><p><blockquote>为什么大型国际上市公司会与发行高度投机性细价股的公司合作？</blockquote></p><p></p><p> The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p><p><blockquote>原因与成本和便利性有关。例如，在纽约证券交易所或纳斯达克上市的外国公司必须为其所做的一切准备两套经审计的财务报表——一套符合国际会计准则，另一套符合公认会计原则(GAAP)在美国，这不是非处方药的要求。</blockquote></p><p> With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p><p><blockquote>通过场外交易上市，外国公司可以以很低的成本和精力接触到庞大的美国股票投资者。</blockquote></p><p> The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p><p><blockquote>最重要的是，除了大型老牌外国公司，场外交易股票风险太大。普通投资者不可能知道公司是否在上升。即使是合法的小公司也可能在一夜之间倒闭。场外交易股票的陷阱根本不值得。</blockquote></p><p> It’s easy enough to lose money investing in stocks. Why make it easier?</p><p><blockquote>投资股票很容易赔钱。为什么要让它更容易？</blockquote></p><p></p>","source":"lsy1629449927514","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>Penny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</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\">\nPenny Stocks: Why You Should Always Stay Away<blockquote>细价股：为什么你应该永远远离</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Kiplinger</strong><span class=\"h-time small\">2021-08-20 17:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p><p><blockquote>细价股——那些低价交易的股票，通常每股股价不到一美元——是危险的。周期。事实上，除了少数例外，投资者应该避开这些超便宜的股票，这些股票通常在场外交易，而不是在主要交易所交易。</blockquote></p><p> Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p><p><blockquote>看涨期权他们细价股、微型股或场外交易股票；不管叫什么名字，都是坏消息。当前期投入如此之少的资金就可以进行投资时，快速轻松致富的承诺更容易上当。投资者可能会想，“风险有多大？”</blockquote></p><p> Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p><p><blockquote>大量。根据美国证券交易委员会的说法：“学术研究发现，场外交易股票往往流动性极差；经常成为涉嫌市场操纵的目标；平均产生负面且不稳定的投资回报；并且很少成长为大公司或过渡到在证券交易所上市。”</blockquote></p><p> We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p><p><blockquote>我们将在下面详细说明这一切的含义，但我只想说，SEC并不热衷于此。</blockquote></p><p> <h3><b>Why Penny Stocks Are So Dangerous</b></h3> To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p><p><blockquote><h3><b>为什么细价股如此危险</b></h3>需要明确的是，这并不是说每个细价股或场外交易公司都是骗局。危险在于，场外市场是骗局股票的生存之地。把它想象成一个糟糕的社区。在那里会让你成为骗子的标志。</blockquote></p><p> For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p><p><blockquote>在某些背景下，场外交易市场不同于纽约证券交易所或纳斯达克等交易集中的交易所。没有一个OTC交易所。相反，场外交易通过基于计算机和电话的系统将买家和卖家联系起来。任何不在纽约证券交易所、纳斯达克或其他美国成熟交易所交易的股票都可以进行场外交易。这些证券也被称为“非上市股票”。</blockquote></p><p> Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p><p><blockquote>通常，场外交易股票往往是高风险的微型股（市值低于3亿美元的小公司股票），其中包括纳米股（市值低于5000万美元的股票）。</blockquote></p><p> The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p><p><blockquote>美国证券交易委员会长期以来一直警告投资者此类股票的高风险。该行业的自律机构金融业监管局（FINRA）同样对场外证券的购买和交易发出了危险信号。</blockquote></p><p> That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p><p><blockquote>这是因为在场外交易市场上市的公司不需要像在纽约证券交易所或纳斯达克等主要交易所上市的公司那样提交定期或经审计的财务报告。换句话说，当他们声称有销售额和利润时，没有办法知道他们是否在说实话。各大交易所也有上市要求；场外交易股票则不然。例如，一家公司必须拥有至少400名股东且市值至少4000万美元才能在纽约证券交易所上市。OTC没有这样的要求。</blockquote></p><p> Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p><p><blockquote>综上所述，这使得无良的管理者更容易谎报业务前景或实施证券欺诈。</blockquote></p><p> But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p><p><blockquote>但这还不是全部。在场外交易的股票往往“缺乏流动性”，这意味着它们的交易量通常很低，买家和卖家数量有限。这可能会使投资者很难或不可能以他们想要的价格买卖股票。</blockquote></p><p> That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p><p><blockquote>流动性的缺乏也使许多场外交易股票成为“拉高抛售”计划的完美工具，即股票发起人引诱投资者购买股票，从而提高股价。然后，当价格足够高时，抽水者出售他的股票，导致股票下跌，给投资者留下糟糕的回报，甚至亏损。这里有人看到了吗<i>华尔街之狼</i>？</blockquote></p><p> To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p><p><blockquote>为了保护投资者不上当受骗，SEC在2012年至2015年间暂停了800多只微型股（占场外交易市场的8%以上）的交易。股票一旦暂停交易，就不能重新上市，除非公司提供最新的财务信息来证明其实际运营。由于这种情况很少发生，交易暂停基本上使股票对诈骗艺术家毫无用处。</blockquote></p><p> <h3><b>Legitimate OTCs</b></h3> Be that as it may, there is one segment of the OTC market that investors need not fear.</p><p><blockquote><h3><b>合法OTC</b></h3>尽管如此，场外交易市场的一部分投资者不必担心。</blockquote></p><p> Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p><p><blockquote>在混混中，一些世界上最大、最受尊敬的外国公司将其美国股票在场外交易而不是在美国主要交易所上市。在这里，您可以找到<b>The<a href=\"https://laohu8.com/S/IDCBY\">中国工商银行。</a></b>（IDCBY），恰好是世界上最大的银行。您还可以购买瑞士的股票<b>雀巢</b>（NSRGY），全球最大的食品公司；中国的<b><a href=\"https://laohu8.com/S/TCEHY\">腾讯控股控股有限公司。</a></b>(TCEHY)，该国最大的互联网服务提供商之一；和日本游戏巨头<b><a href=\"https://laohu8.com/S/NTDOY\">任天堂有限公司。</a></b>（NTDOY）。</blockquote></p><p> Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p><p><blockquote>为什么大型国际上市公司会与发行高度投机性细价股的公司合作？</blockquote></p><p></p><p> The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p><p><blockquote>原因与成本和便利性有关。例如，在纽约证券交易所或纳斯达克上市的外国公司必须为其所做的一切准备两套经审计的财务报表——一套符合国际会计准则，另一套符合公认会计原则(GAAP)在美国，这不是非处方药的要求。</blockquote></p><p> With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p><p><blockquote>通过场外交易上市，外国公司可以以很低的成本和精力接触到庞大的美国股票投资者。</blockquote></p><p> The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p><p><blockquote>最重要的是，除了大型老牌外国公司，场外交易股票风险太大。普通投资者不可能知道公司是否在上升。即使是合法的小公司也可能在一夜之间倒闭。场外交易股票的陷阱根本不值得。</blockquote></p><p> It’s easy enough to lose money investing in stocks. Why make it easier?</p><p><blockquote>投资股票很容易赔钱。为什么要让它更容易？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away\">Kiplinger</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":{"TCEHY":"腾讯控股ADR","IDCBY":"工商银行ADR","NTDOY":"任天堂"},"source_url":"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172699620","content_text":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.\nCall them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"\nPlenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”\nWe’ll break down what all that means below, but suffice to say, the SEC is not a fan.\nWhy Penny Stocks Are So Dangerous\nTo be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.\nFor some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”\nTypically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).\nThe SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.\nThat’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.\nPut it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.\nBut that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.\nThat lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see The Wolf of Wall Street?\nTo protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.\nLegitimate OTCs\nBe that as it may, there is one segment of the OTC market that investors need not fear.\nAmidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of The Industrial and Commercial Bank of China Ltd. (IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’sNestlé(NSRGY), the largest food company in the world; China’s Tencent Holding Ltd. (TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant Nintendo Co., Ltd. (NTDOY).\nWhy would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?\nThe reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.\nWith an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.\nThe bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.\nIt’s easy enough to lose money investing in stocks. Why make it easier?","news_type":1,"symbols_score_info":{"TCEHY":0.9,"IDCBY":0.9,"NTDOY":0.9}},"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}