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- magggmaggg
  ·2021-11-11
  $Baidu(BIDU)$[看涨]
  1,456 评论
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- magggmaggg
  ·2021-11-09
  [强]
  Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>
  Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial
  Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>
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- magggmaggg
  ·2021-10-15
  $Tiger Brokers(TIGR)$[看涨] [看涨]
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- magggmaggg
  ·2021-10-14
  $Baidu(BIDU)$[看涨]
  2,261 评论
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- magggmaggg
  ·2021-10-14
  $Futu Holdings Limited(FUTU)$go
  2,254 评论
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- magggmaggg
  ·2021-10-07
  $Tiger Brokers(TIGR)$please up
  1,178 评论
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- magggmaggg
  ·2021-10-07
  😊
  Why EV Stocks Nio, Workhorse, and Hyzon Were Down Wednesday<blockquote>为什么电动汽车股蔚来、Workhorse和Hyzon周三下跌</blockquote>
  Some company-specific headwinds are adding to a general market downturn in these electric vehicle na
  Why EV Stocks Nio, Workhorse, and Hyzon Were Down Wednesday<blockquote>为什么电动汽车股蔚来、Workhorse和Hyzon周三下跌</blockquote>
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- magggmaggg
  ·2021-09-22
  $UiPath(PATH)$😭😭
  2,274 评论
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- magggmaggg
  ·2021-09-17
  $Tiger Brokers(TIGR)$😭😭
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- magggmaggg
  ·2021-09-13
  $AMC Entertainment(AMC)$gogogo
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href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>[看涨]&nbsp;","listText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>[看涨]&nbsp;","text":"$Baidu(BIDU)$[看涨]","images":[{"img":"https://static.tigerbbs.com/67a679bec6b6baa2cbfd831283149afc","width":"1080","height":"3355"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870221363","isVote":1,"tweetType":1,"viewCount":1456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844479882,"gmtCreate":1636455727440,"gmtModify":1636455727566,"author":{"id":"3582022881437810","authorId":"3582022881437810","name":"maggg","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582022881437810","idStr":"3582022881437810"},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844479882","repostId":"1164632864","repostType":4,"repost":{"id":"1164632864","kind":"news","pubTimestamp":1636452133,"share":"https://www.laohu8.com/m/news/1164632864?lang=zh_CN&edition=full","pubTime":"2021-11-09 18:02","market":"us","language":"en","title":"Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164632864","media":"Marketwatch","summary":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial ","content":"<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉(Mario Draghi)将欧元比作一只大黄蜂。摩根士丹利分析师表示，全球金融市场让他们想起了一只漂浮在池塘上的鸭子：“表面上平静，但下面却剧烈翻腾。”</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史新高，股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股市波动率已降至过去15年的第25%。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但他们写道，在表面之下，其他资产的“波动性已经跃升”，并推出了一种新的跨资产指标，称为综合西格玛指标，该指标处于五年来的最高读数，不包括新冠疫情引发的动荡2020年第二季度（见下图）。这反映出极端单日波动的数量不断增加，定义为标准差大于1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>任何最近几周关注美国和全球政府债券市场的人可能都不会惊讶地发现利率市场是这些举措的核心。事实上，综合西格玛指标是由收益率曲线的极端波动驱动的；通胀盈亏平衡，衡量相同期限的通胀保值债务和名义债务之间的差异；分析师表示，和2年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>包括2年期美国国债在内的短期政府债券收益率在9月份开始大幅上升，因为投资者开始预测全球央行将采取更激进的立场，以应对事实证明比预期更持久的通胀。短期和长期收益率之间的差距显着缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为“政策错误”的潜在先兆，即央行过于激进的紧缩政策引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在10月份遭受巨额损失。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了85个基点，即0.85个百分点，与利率每周变动分布相差12.2西格玛。随着短期利率上升和长期利率下降，英国出现了“极端混乱”，而在大宗商品市场，铁矿石价格下跌了20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>分析师写道：“利率是这一走势的唯一驱动力，而其他资产则异常平静。全球利率的风险管理与年底前的股票或外汇有很大不同。”</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>股市在9月份下跌，但主要股指在10月份飙升，并在本月继续逼近历史高点。截至周五，标普500今年迄今已上涨26.9%，道琼斯工业平均指数上涨21.2%，纳斯达克综合指数上涨23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？他们表示：“这表明流动性环境已经在发生变化，即使在标普500上还不明显。”</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>他们写道：“最近波动最大的许多市场都是那些定价为最平静环境的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险和低风险溢价市场中看到了机会。”</blockquote></p><p></p>","source":"market_watch","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>Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</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\">\nWhy markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-09 18:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉(Mario Draghi)将欧元比作一只大黄蜂。摩根士丹利分析师表示，全球金融市场让他们想起了一只漂浮在池塘上的鸭子：“表面上平静，但下面却剧烈翻腾。”</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史新高，股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股市波动率已降至过去15年的第25%。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但他们写道，在表面之下，其他资产的“波动性已经跃升”，并推出了一种新的跨资产指标，称为综合西格玛指标，该指标处于五年来的最高读数，不包括新冠疫情引发的动荡2020年第二季度（见下图）。这反映出极端单日波动的数量不断增加，定义为标准差大于1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>任何最近几周关注美国和全球政府债券市场的人可能都不会惊讶地发现利率市场是这些举措的核心。事实上，综合西格玛指标是由收益率曲线的极端波动驱动的；通胀盈亏平衡，衡量相同期限的通胀保值债务和名义债务之间的差异；分析师表示，和2年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>包括2年期美国国债在内的短期政府债券收益率在9月份开始大幅上升，因为投资者开始预测全球央行将采取更激进的立场，以应对事实证明比预期更持久的通胀。短期和长期收益率之间的差距显着缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为“政策错误”的潜在先兆，即央行过于激进的紧缩政策引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在10月份遭受巨额损失。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了85个基点，即0.85个百分点，与利率每周变动分布相差12.2西格玛。随着短期利率上升和长期利率下降，英国出现了“极端混乱”，而在大宗商品市场，铁矿石价格下跌了20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>分析师写道：“利率是这一走势的唯一驱动力，而其他资产则异常平静。全球利率的风险管理与年底前的股票或外汇有很大不同。”</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>股市在9月份下跌，但主要股指在10月份飙升，并在本月继续逼近历史高点。截至周五，标普500今年迄今已上涨26.9%，道琼斯工业平均指数上涨21.2%，纳斯达克综合指数上涨23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？他们表示：“这表明流动性环境已经在发生变化，即使在标普500上还不明显。”</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>他们写道：“最近波动最大的许多市场都是那些定价为最平静环境的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险和低风险溢价市场中看到了机会。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1164632864","content_text":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”\nThe calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.\nBut below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.\nMORGAN STANLEY RESEARCH\nAnyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.\nShort-term government bond yields, including those on 2-year U.S. Treasury notes, began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.\nThe speed of the move has been interpreted by some investors as the potential harbinger of a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.\nTwo-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.\n“Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.\nStocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&P 500 was up 26.9% year to date through Friday, while the Dow Jones Industrial Average has rallied 21.2% and the Nasdaq Composite advanced 23.9%.\nSo what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&P 500,” they said.\nIt also means that risk premium matters (see chart below).\nMORGAN STANLEY RESEARCH\n“Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824877837,"gmtCreate":1634305924796,"gmtModify":1634306365573,"author":{"id":"3582022881437810","authorId":"3582022881437810","name":"maggg","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582022881437810","idStr":"3582022881437810"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[看涨]&nbsp;[看涨]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[看涨]&nbsp;[看涨]&nbsp;","text":"$Tiger Brokers(TIGR)$[看涨] [看涨]","images":[{"img":"https://static.tigerbbs.com/f70426cdcb8c81b49463efb600457a29","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824877837","isVote":1,"tweetType":1,"viewCount":2382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":825356372,"gmtCreate":1634204380233,"gmtModify":1634204380348,"author":{"id":"3582022881437810","authorId":"3582022881437810","name":"maggg","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582022881437810","idStr":"3582022881437810"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>[看涨]&nbsp;","listText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>[看涨]&nbsp;","text":"$Baidu(BIDU)$[看涨]","images":[{"img":"https://static.tigerbbs.com/07cabe25067c6384221bdb32bc9e5be3","width":"1080","height":"3355"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825356372","isVote":1,"tweetType":1,"viewCount":2261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":825353398,"gmtCreate":1634204129668,"gmtModify":1634204129734,"author":{"id":"3582022881437810","authorId":"3582022881437810","name":"maggg","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582022881437810","idStr":"3582022881437810"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>go","listText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>go","text":"$Futu Holdings Limited(FUTU)$go","images":[{"img":"https://static.tigerbbs.com/cef2210e388487a138f81576a54e5d10","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825353398","isVote":1,"tweetType":1,"viewCount":2254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":823117629,"gmtCreate":1633598613756,"gmtModify":1633598613833,"author":{"id":"3582022881437810","authorId":"3582022881437810","name":"maggg","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582022881437810","idStr":"3582022881437810"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>please up","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>please up","text":"$Tiger Brokers(TIGR)$please up","images":[{"img":"https://static.tigerbbs.com/3d01861a93fbb6ff32cd75e677abcb4d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823117629","isVote":1,"tweetType":1,"viewCount":1178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":823117873,"gmtCreate":1633598527834,"gmtModify":1633598527947,"author":{"id":"3582022881437810","authorId":"3582022881437810","name":"maggg","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582022881437810","idStr":"3582022881437810"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/823117873","repostId":"1149182986","repostType":4,"repost":{"id":"1149182986","kind":"news","pubTimestamp":1633597603,"share":"https://www.laohu8.com/m/news/1149182986?lang=zh_CN&edition=full","pubTime":"2021-10-07 17:06","market":"us","language":"en","title":"Why EV Stocks Nio, Workhorse, and Hyzon Were Down Wednesday<blockquote>为什么电动汽车股蔚来、Workhorse和Hyzon周三下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149182986","media":"Motley Fool","summary":"Some company-specific headwinds are adding to a general market downturn in these electric vehicle na","content":"<p>  <b>Some company-specific headwinds are adding to a general market downturn in these electric vehicle names.</b>  <b>Key <a href=\"https://laohu8.com/S/PCOM\">Points</a></b></p><p><blockquote><b>一些公司特有的不利因素加剧了这些电动汽车品牌的整体市场低迷。</b><b>钥匙<a href=\"https://laohu8.com/S/PCOM\">点数</a></b></blockquote></p><p> <ul>  <li>Nio recently surpassed third-quarter delivery guidance even during a challenging supply environment.</li>  <li><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> and Hyzon are battling several issues ranging from a recall to questions about the validity of customers, respectively.</li> </ul> <b>What happened</b></p><p><blockquote><ul><li>即使在充满挑战的供应环境下，蔚来最近也超过了第三季度的交付指引。</li><li><a href=\"https://laohu8.com/S/WKHS\">老黄牛</a>和Hyzon分别正在解决从召回到客户有效性问题等多个问题。</li></ul><b>发生了什么</b></blockquote></p><p> With the general markets&nbsp;approaching correction territory, stocks in the more aggressive electric vehicle (EV) sector are facing stronger headwinds than many others. That continued today, with shares of Chinese EV maker&nbsp;<b><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a></b>, start-up&nbsp;<a href=\"https://laohu8.com/S/WKHS\"><b>Workhorse</a></b>, and hydrogen fuel cell EV company&nbsp;<b><a href=\"https://laohu8.com/S/HYZN\">Hyzon Motors Inc.</a></b> all declining. At the lows of the day, the stocks of the three companies were down 2.1%, 10%, and 11.4%, respectively. By market close, they had rebounded some, with Nio finishing 0.62% down, Workhorse lower by 9.3%, and Hyzon almost 8% lower.</p><p><blockquote>随着整体市场接近调整区域，更激进的电动汽车（EV）行业的股票面临着比许多其他行业更强劲的阻力。这种情况今天仍在继续，中国电动汽车制造商的股票<b><a href=\"https://laohu8.com/S/NIO\">蔚来</a></b>、启动<a href=\"https://laohu8.com/S/WKHS\"><b>老黄牛</b></a>和氢燃料电池电动汽车公司<b><a href=\"https://laohu8.com/S/HYZN\">海松汽车公司。</a></b>都在下降。当日低点时，三家公司股价分别下跌2.1%、10%和11.4%。截至收盘，股价有所反弹，蔚来收盘下跌0.62%，Workhorse下跌9.3%，Hyzon下跌近8%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Of the three, Nio has actually had some good news recently, with stronger-than-expected third-quarter vehicle deliveries and news of progress in its expansion into Europe. But Workhorse and Hyzon both have been hit with negative news, with the market reacting accordingly.</p><p><blockquote>在这三者中，蔚来最近实际上有一些好消息，第三季度汽车交付量强于预期，并且有消息称其在欧洲扩张方面取得了进展。但Workhorse和Hyzon都受到了负面消息的打击，市场也做出了相应的反应。</blockquote></p><p> For its part, Workhorse reported a flurry of executive changes last week as the company seeks to recover from apreviously announced truck recalland temporary suspension of ongoing production. Additionally, the company today reported a securities exchange agreement that will result in shares being given to two existing convertible notes holders at a price between $6 and $8.50 per share. That compares to the more than $9 share price where the stock was trading just <a href=\"https://laohu8.com/S/AONE.U\">one</a> month ago.</p><p><blockquote>就Workhorse而言，上周报告了一系列高管变动，该公司寻求从之前宣布的卡车召回和暂时停止正在进行的生产中恢复过来。此外，该公司今天报告了一项证券交易协议，该协议将以每股6美元至8.50美元的价格向两名现有可转换票据持有人提供股票。相比之下，该股当时的股价刚刚超过9美元<a href=\"https://laohu8.com/S/AONE.U\">一</a>一个月前。</blockquote></p><p> Hyzon has a different sort of challenge. On Tuesday, the company responded to a short-seller report that was issued on Sept. 28. Blue Orca Capital, whichholds a short position in the stock, questioned the validity of Hyzon's customers and accused it of seeking to \"enrich insiders by repackaging an old technology in a fig leaf of misleading deal announcements and illusory customer contracts.\"</p><p><blockquote>Hyzon面临着不同的挑战。周二，该公司对9月28日发布的卖空报告做出了回应。持有该股空头头寸的Blue Orca Capital质疑Hyzon客户的有效性，并指责其试图“通过将旧技术重新包装在误导性交易公告和虚幻的客户合同的遮羞布中来充实内部人士”。</blockquote></p><p> In its response, Hyzon called the report inaccurate and misleading, pointing out that Blue Orca stands to gain financially if it helps drive the stock lower. In responding to the accusation that the company overstated its relationships with certain customers, Hyzon said, \"Like any innovative company in a nascent industry, Hyzon continues to pursue a wide range of potential opportunities, any one of which may or may not ultimately result in a commitment to purchase vehicles from Hyzon.\" It rejected all implications that its business is anything other than what it has portrayed publicly, and said it will defend the company against such accusations.</p><p><blockquote>Hyzon在回应中称该报告不准确且具有误导性，并指出如果Blue Orca有助于压低股价，它将获得经济利益。在回应有关该公司夸大其与某些客户关系的指控时，Hyzon表示：“与新兴行业中的任何创新公司一样，Hyzon继续寻求广泛的潜在机会，其中任何一个最终可能会也可能不会导致从Hyzon购买车辆的承诺。”该公司否认了所有有关其业务与其公开描述的业务不同的暗示，并表示将针对此类指控为公司辩护。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> It's not surprising that the stocks of even more established EV businesses like Nio are volatile. That company is growing, but it has yet to reach profitability, and investors have valued it aggressively, with about a $55 billionmarket capat its recent share price. Workhorse has to work through its production issues, and Hyzon is still pre-revenue. Until they show evidence of a steady and growing business, investing in these stocks amounts to nothing but speculation. Some investors who perform their own due diligence still might want some of that in a portion of their portfolio, however.</p><p><blockquote>蔚来等更成熟的电动汽车企业的股票波动也就不足为奇了。该公司正在成长，但尚未实现盈利，投资者对其估值很高，按其最近的股价计算，市值约为550亿美元。Workhorse必须解决生产问题，而Hyzon仍处于盈利前状态。在他们展示出业务稳定且不断增长的证据之前，投资这些股票只不过是投机。然而，一些自行进行尽职调查的投资者可能仍然希望将其中一些纳入其投资组合的一部分。</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>Why EV Stocks Nio, Workhorse, and Hyzon Were Down Wednesday<blockquote>为什么电动汽车股蔚来、Workhorse和Hyzon周三下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy EV Stocks Nio, Workhorse, and Hyzon Were Down Wednesday<blockquote>为什么电动汽车股蔚来、Workhorse和Hyzon周三下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-10-07 17:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Some company-specific headwinds are adding to a general market downturn in these electric vehicle names.</b>  <b>Key <a href=\"https://laohu8.com/S/PCOM\">Points</a></b></p><p><blockquote><b>一些公司特有的不利因素加剧了这些电动汽车品牌的整体市场低迷。</b><b>钥匙<a href=\"https://laohu8.com/S/PCOM\">点数</a></b></blockquote></p><p> <ul>  <li>Nio recently surpassed third-quarter delivery guidance even during a challenging supply environment.</li>  <li><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> and Hyzon are battling several issues ranging from a recall to questions about the validity of customers, respectively.</li> </ul> <b>What happened</b></p><p><blockquote><ul><li>即使在充满挑战的供应环境下，蔚来最近也超过了第三季度的交付指引。</li><li><a href=\"https://laohu8.com/S/WKHS\">老黄牛</a>和Hyzon分别正在解决从召回到客户有效性问题等多个问题。</li></ul><b>发生了什么</b></blockquote></p><p> With the general markets&nbsp;approaching correction territory, stocks in the more aggressive electric vehicle (EV) sector are facing stronger headwinds than many others. That continued today, with shares of Chinese EV maker&nbsp;<b><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a></b>, start-up&nbsp;<a href=\"https://laohu8.com/S/WKHS\"><b>Workhorse</a></b>, and hydrogen fuel cell EV company&nbsp;<b><a href=\"https://laohu8.com/S/HYZN\">Hyzon Motors Inc.</a></b> all declining. At the lows of the day, the stocks of the three companies were down 2.1%, 10%, and 11.4%, respectively. By market close, they had rebounded some, with Nio finishing 0.62% down, Workhorse lower by 9.3%, and Hyzon almost 8% lower.</p><p><blockquote>随着整体市场接近调整区域，更激进的电动汽车（EV）行业的股票面临着比许多其他行业更强劲的阻力。这种情况今天仍在继续，中国电动汽车制造商的股票<b><a href=\"https://laohu8.com/S/NIO\">蔚来</a></b>、启动<a href=\"https://laohu8.com/S/WKHS\"><b>老黄牛</b></a>和氢燃料电池电动汽车公司<b><a href=\"https://laohu8.com/S/HYZN\">海松汽车公司。</a></b>都在下降。当日低点时，三家公司股价分别下跌2.1%、10%和11.4%。截至收盘，股价有所反弹，蔚来收盘下跌0.62%，Workhorse下跌9.3%，Hyzon下跌近8%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Of the three, Nio has actually had some good news recently, with stronger-than-expected third-quarter vehicle deliveries and news of progress in its expansion into Europe. But Workhorse and Hyzon both have been hit with negative news, with the market reacting accordingly.</p><p><blockquote>在这三者中，蔚来最近实际上有一些好消息，第三季度汽车交付量强于预期，并且有消息称其在欧洲扩张方面取得了进展。但Workhorse和Hyzon都受到了负面消息的打击，市场也做出了相应的反应。</blockquote></p><p> For its part, Workhorse reported a flurry of executive changes last week as the company seeks to recover from apreviously announced truck recalland temporary suspension of ongoing production. Additionally, the company today reported a securities exchange agreement that will result in shares being given to two existing convertible notes holders at a price between $6 and $8.50 per share. That compares to the more than $9 share price where the stock was trading just <a href=\"https://laohu8.com/S/AONE.U\">one</a> month ago.</p><p><blockquote>就Workhorse而言，上周报告了一系列高管变动，该公司寻求从之前宣布的卡车召回和暂时停止正在进行的生产中恢复过来。此外，该公司今天报告了一项证券交易协议，该协议将以每股6美元至8.50美元的价格向两名现有可转换票据持有人提供股票。相比之下，该股当时的股价刚刚超过9美元<a href=\"https://laohu8.com/S/AONE.U\">一</a>一个月前。</blockquote></p><p> Hyzon has a different sort of challenge. On Tuesday, the company responded to a short-seller report that was issued on Sept. 28. Blue Orca Capital, whichholds a short position in the stock, questioned the validity of Hyzon's customers and accused it of seeking to \"enrich insiders by repackaging an old technology in a fig leaf of misleading deal announcements and illusory customer contracts.\"</p><p><blockquote>Hyzon面临着不同的挑战。周二，该公司对9月28日发布的卖空报告做出了回应。持有该股空头头寸的Blue Orca Capital质疑Hyzon客户的有效性，并指责其试图“通过将旧技术重新包装在误导性交易公告和虚幻的客户合同的遮羞布中来充实内部人士”。</blockquote></p><p> In its response, Hyzon called the report inaccurate and misleading, pointing out that Blue Orca stands to gain financially if it helps drive the stock lower. In responding to the accusation that the company overstated its relationships with certain customers, Hyzon said, \"Like any innovative company in a nascent industry, Hyzon continues to pursue a wide range of potential opportunities, any one of which may or may not ultimately result in a commitment to purchase vehicles from Hyzon.\" It rejected all implications that its business is anything other than what it has portrayed publicly, and said it will defend the company against such accusations.</p><p><blockquote>Hyzon在回应中称该报告不准确且具有误导性，并指出如果Blue Orca有助于压低股价，它将获得经济利益。在回应有关该公司夸大其与某些客户关系的指控时，Hyzon表示：“与新兴行业中的任何创新公司一样，Hyzon继续寻求广泛的潜在机会，其中任何一个最终可能会也可能不会导致从Hyzon购买车辆的承诺。”该公司否认了所有有关其业务与其公开描述的业务不同的暗示，并表示将针对此类指控为公司辩护。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> It's not surprising that the stocks of even more established EV businesses like Nio are volatile. That company is growing, but it has yet to reach profitability, and investors have valued it aggressively, with about a $55 billionmarket capat its recent share price. Workhorse has to work through its production issues, and Hyzon is still pre-revenue. Until they show evidence of a steady and growing business, investing in these stocks amounts to nothing but speculation. Some investors who perform their own due diligence still might want some of that in a portion of their portfolio, however.</p><p><blockquote>蔚来等更成熟的电动汽车企业的股票波动也就不足为奇了。该公司正在成长，但尚未实现盈利，投资者对其估值很高，按其最近的股价计算，市值约为550亿美元。Workhorse必须解决生产问题，而Hyzon仍处于盈利前状态。在他们展示出业务稳定且不断增长的证据之前，投资这些股票只不过是投机。然而，一些自行进行尽职调查的投资者可能仍然希望将其中一些纳入其投资组合的一部分。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/10/06/why-ev-stocks-nio-workhorse-and-hyzon-are-down/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HYZN":"Hyzon Motors Inc.","NIO":"蔚来","WKHS":"Workhorse Group, Inc."},"source_url":"https://www.fool.com/investing/2021/10/06/why-ev-stocks-nio-workhorse-and-hyzon-are-down/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149182986","content_text":"Some company-specific headwinds are adding to a general market downturn in these electric vehicle names.\n\nKey Points\n\nNio recently surpassed third-quarter delivery guidance even during a challenging supply environment.\nWorkhorse and Hyzon are battling several issues ranging from a recall to questions about the validity of customers, respectively.\n\nWhat happened\nWith the general markets approaching correction territory, stocks in the more aggressive electric vehicle (EV) sector are facing stronger headwinds than many others. That continued today, with shares of Chinese EV maker NIO Inc., start-up Workhorse, and hydrogen fuel cell EV company Hyzon Motors Inc. all declining. At the lows of the day, the stocks of the three companies were down 2.1%, 10%, and 11.4%, respectively. By market close, they had rebounded some, with Nio finishing 0.62% down, Workhorse lower by 9.3%, and Hyzon almost 8% lower.\nSo what\nOf the three, Nio has actually had some good news recently, with stronger-than-expected third-quarter vehicle deliveries and news of progress in its expansion into Europe. But Workhorse and Hyzon both have been hit with negative news, with the market reacting accordingly.\nFor its part, Workhorse reported a flurry of executive changes last week as the company seeks to recover from apreviously announced truck recalland temporary suspension of ongoing production. Additionally, the company today reported a securities exchange agreement that will result in shares being given to two existing convertible notes holders at a price between $6 and $8.50 per share. That compares to the more than $9 share price where the stock was trading just one month ago.\nHyzon has a different sort of challenge. On Tuesday, the company responded to a short-seller report that was issued on Sept. 28. Blue Orca Capital, whichholds a short position in the stock, questioned the validity of Hyzon's customers and accused it of seeking to \"enrich insiders by repackaging an old technology in a fig leaf of misleading deal announcements and illusory customer contracts.\"\nIn its response, Hyzon called the report inaccurate and misleading, pointing out that Blue Orca stands to gain financially if it helps drive the stock lower. In responding to the accusation that the company overstated its relationships with certain customers, Hyzon said, \"Like any innovative company in a nascent industry, Hyzon continues to pursue a wide range of potential opportunities, any one of which may or may not ultimately result in a commitment to purchase vehicles from Hyzon.\" It rejected all implications that its business is anything other than what it has portrayed publicly, and said it will defend the company against such accusations.\nNow what\nIt's not surprising that the stocks of even more established EV businesses like Nio are volatile. That company is growing, but it has yet to reach profitability, and investors have valued it aggressively, with about a $55 billionmarket capat its recent share price. Workhorse has to work through its production issues, and Hyzon is still pre-revenue. Until they show evidence of a steady and growing business, investing in these stocks amounts to nothing but speculation. 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