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lalabear
lalabear
·
2021-11-22
Great
Apple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘上涨近2%，创历史新高</blockquote>
Apple shares rose nearly 2% in early trading and hit a record high.
Apple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘上涨近2%，创历史新高</blockquote>
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lalabear
lalabear
·
2021-11-21
Good
非常抱歉，此主贴已删除
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lalabear
lalabear
·
2021-11-09
Good
La Quinta Owner CorePoint Is Bought by Joint Venture in $1.5 Billion Hotel Deal<blockquote>La Quinta 所有者 CorePoint 被合资企业以 15 亿美元的酒店交易收购</blockquote>
(Bloomberg) -- CorePoint Lodging Inc., which owns about 160 hotels, is being acquired by a joint ven
La Quinta Owner CorePoint Is Bought by Joint Venture in $1.5 Billion Hotel Deal<blockquote>La Quinta 所有者 CorePoint 被合资企业以 15 亿美元的酒店交易收购</blockquote>
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lalabear
lalabear
·
2021-11-07
Good
非常抱歉，此主贴已删除
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4
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lalabear
lalabear
·
2021-09-18
Agree
非常抱歉，此主贴已删除
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lalabear
lalabear
·
2021-09-15
Yes
Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote>
Online betting company Sportradar opened at $27 each on Tuesday. Everything To Like About The Sport
Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote>
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lalabear
lalabear
·
2021-09-13
Good
US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote>
After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i
US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote>
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lalabear
lalabear
·
2021-09-09
Good
Arqit Quantum Shares Up More Than 45% Wednesday<blockquote>Arqit Quantum 股价周三上涨超过 45%</blockquote>
Shares of quantum encryption technology company Arqit Quantum Inc. are higher on the Nasdaq Wednesda
Arqit Quantum Shares Up More Than 45% Wednesday<blockquote>Arqit Quantum 股价周三上涨超过 45%</blockquote>
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lalabear
lalabear
·
2021-09-07
Good
非常抱歉，此主贴已删除
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lalabear
lalabear
·
2021-09-06
Agree
Beat the market with this quant system that’s very bullish on stocks at record highs<blockquote>利用这个量化系统战胜市场，该系统非常看好创纪录高点的股票</blockquote>
Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do
Beat the market with this quant system that’s very bullish on stocks at record highs<blockquote>利用这个量化系统战胜市场，该系统非常看好创纪录高点的股票</blockquote>
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}\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; 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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>La Quinta Owner CorePoint Is Bought by Joint Venture in $1.5 Billion Hotel Deal<blockquote>La Quinta 所有者 CorePoint 被合资企业以 15 亿美元的酒店交易收购</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\">\nLa Quinta Owner CorePoint Is Bought by Joint Venture in $1.5 Billion Hotel Deal<blockquote>La Quinta 所有者 CorePoint 被合资企业以 15 亿美元的酒店交易收购</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-11-08 23:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- CorePoint Lodging Inc., which owns about 160 hotels, is being acquired by a joint venture between affiliates of Highgate and Cerberus Capital Management in a deal valued at roughly $1.5...</p><p><blockquote><div>（彭博社）-拥有约160家酒店的CorePoint Lodging Inc.被Highgate和Cerberus Capital Management的子公司的一家合资企业收购，交易价值约为1.5美元……</div></blockquote></p><p> <a href=\"https://finance.yahoo.com/news/la-quinta-owner-corepoint-bought-133342144.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/la-quinta-owner-corepoint-bought-133342144.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/la-quinta-owner-corepoint-bought-133342144.html\">Bloomberg</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":{"CPLG":"CorePoint Lodging Inc."},"source_url":"https://finance.yahoo.com/news/la-quinta-owner-corepoint-bought-133342144.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139872881","content_text":"(Bloomberg) -- CorePoint Lodging Inc., which owns about 160 hotels, is being acquired by a joint venture between affiliates of Highgate and Cerberus Capital Management in a deal valued at roughly $1.5 billion.\nHighgate and Cerberus will pay $15.65 a share, a premium of about 42% to the company’s closing price on July 13. That was the last day it traded before announcing it would look for strategic alternatives, according to a statement Monday.\nThe shares plunged 2% to $15.56 on Monday. CorePoint, which primarily owns La Quinta-branded hotels, closed Friday at $17.76.\nThe agreement is expected to close in the first quarter of 2022. Affiliates of Blackstone Inc., which own about 30% of the CorePoint’s total shares outstanding, have agreed to vote in favor of the deal, according to the statement.\nCorePoint has been selling hotels since being spun off of La Quinta Holdings in 2018. In July, the company said it was exploring strategic alternatives.","news_type":1,"symbols_score_info":{"CPLG":0.9}},"isVote":1,"tweetType":1,"viewCount":3650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842487336,"gmtCreate":1636219247948,"gmtModify":1636219248100,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/842487336","repostId":"2181742244","repostType":4,"isVote":1,"tweetType":1,"viewCount":4025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884272523,"gmtCreate":1631903907862,"gmtModify":1632805456004,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Agree ","listText":"Agree ","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/884272523","repostId":"2168885573","repostType":4,"isVote":1,"tweetType":1,"viewCount":3541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882992786,"gmtCreate":1631637384745,"gmtModify":1631891505523,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/882992786","repostId":"1149444561","repostType":4,"repost":{"id":"1149444561","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":1631637038,"share":"https://www.laohunote.com/m/news/1149444561?lang=zh_CN&edition=full","pubTime":"2021-09-15 00:30","market":"us","language":"en","title":"Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149444561","media":"Tiger Newspress","summary":"Online betting company Sportradar opened at $27 each on Tuesday.\n\nEverything To Like About The Sport","content":"<p>Online betting company Sportradar opened at $27 each on Tuesday.</p><p><blockquote>在线博彩公司Sportradar周二开盘，每张27美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50aafa6b5817c8055173c9017ac900d2\" tg-width=\"1080\" tg-height=\"2240\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Everything To Like About The Sportradar IPO</p><p><blockquote>Sportradar IPO 的一切值得喜欢</blockquote></p><p> <b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Sportradar Group AG is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.</li> <li>Sportradar plays an important, though indirect role in the rapidly growing sports betting industry. However, it faces tough competition.</li> <li>Sportradar’s finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors.</li> <li>Investors should strongly consider this company when it goes public.</li> </ul> Sportradar (NASDAQ:SRAD) has released pricing information about its upcoming IPO.Renaissance Capitalreported on Tuesday that Sportradar “plans to raise $504 million by offering 19 million shares at a price range of $25 to $28,” as well as an additional $159 million concurrent private placement. This will give the Swiss company a valuation of $7.8 billion at the midpoint range.</p><p><blockquote><ul><li>Sportradar Group AG正准备以78亿美元的估值上市，并将筹集超过5亿美元。</li><li>Sportradar在快速增长的体育博彩业中发挥着重要的作用，尽管是间接的。然而，它面临着激烈的竞争。</li><li>Sportradar 的财务状况良好，增长迅速，净利润为正，但与竞争对手相比，其估值似乎较低。</li><li>投资者应该在这家公司上市时强烈考虑它。</li></ul>Sportradar（纳斯达克股票代码：SRAD）公布了其即将进行的首次公开募股的定价信息。Renaissance Capital 周二报道称，Sportradar “计划以 25 至 28 美元的价格发行 1900 万股股票，筹集 5.04 亿美元”，并同时进行 1.59 亿美元的私募。这将使这家瑞士公司的估值达到78亿美元，处于中点区间。</blockquote></p><p> These numbers may be a tiny disappointment for Sportradar, as it had been reportedly shooting for a$10 billion valuationearlier in the year by undergoing a SPAC. But it is great news for investors, as there is a great deal to like about Sportradar. The sports company is in a market with major growth potential, is profitable, and has been growing rapidly. Concerns remain such as COVID and other competition, but investors should strongly consider getting in on this company as soon as possible especially compared to its main competitors.</p><p><blockquote>这些数字可能会让 Sportradar 有点失望，因为据报道，该公司在今年早些时候通过 SPAC 获得了 100 亿澳元的估值。但这对投资者来说是个好消息，因为Sportradar有很多值得喜欢的地方。这家体育公司所处的市场具有巨大的增长潜力，盈利，并且一直在快速增长。新冠疫情和其他竞争等担忧依然存在，但投资者应强烈考虑尽快入股这家公司，尤其是与其主要竞争对手相比。</blockquote></p><p> <b>Sports Gambling Market Potential</b></p><p><blockquote><b>体育博彩市场潜力</b></blockquote></p><p> Sports betting has become increasingly accepted and thus a more lucrative market in recent years, as governments have legalized it for the first time.Front Office Sportsreported in June that the US sports betting market could reach $37 billion by 2025 compared to its present value of $9.5 billion. Furthermore, the global sports betting market could reach as much as $144 billion by the same timeframe. And while there are some concerns due to COVID, it is highly unlikely that sports leagues will once again start canceling their events going forward.</p><p><blockquote>近年来，随着政府首次将体育博彩合法化，体育博彩越来越被接受，因此也是一个更有利可图的市场。Front Office sports在6月份报道称，到2025年，美国体育博彩市场可能达到370亿美元，而目前的价值为95亿美元。此外，在同一时间段内，全球体育博彩市场可能达到1440亿美元。虽然由于COVID有一些担忧，但体育联盟不太可能再次开始取消他们的赛事。</blockquote></p><p> Sportradar’s plan is to be the company selling shovels in this betting gold rush. What it intends to sell is information. Sportradar works with sports leagues across the world to help compile sports data. This data helps betting companies set better odds, helps bettors know that the betting company is not making any mistakes, and helps media companies know that they have the right data.</p><p><blockquote>Sportradar 的计划是成为这场博彩淘金热中销售铲子的公司。它打算卖的是信息。Sportradar与世界各地的体育联盟合作，帮助汇编体育数据。这些数据有助于博彩公司设定更好的赔率，帮助投注者知道博彩公司没有犯任何错误，并帮助媒体公司知道他们拥有正确的数据。</blockquote></p><p> The right data is not just about tracking points, home runs, or touchdowns. Sportradar claims in itsF-1/Athat it tracks “over 1.2 billion live data points per year from over 600,000 events in 37 sports,” which created over 21 billion odds changes. Furthermore, Sportradar has a strong data rights portfolio, as it has partnerships with the NBA, MLB, and NHL among other sports leagues across the world.</p><p><blockquote>正确的数据不仅仅是跟踪得分、本垒打或触地得分。Sportradar 在 itsF-1/Athat 中声称，它每年跟踪 “来自 37 个体育项目 60 多万场赛事的 12 亿多个实时数据点”，从而产生了超过 210 亿个赔率变化。此外，Sportradar拥有强大的数据权利组合，因为它与NBA、MLB和NHL以及世界各地的其他体育联盟建立了合作伙伴关系。</blockquote></p><p> These factors point to a company with major growth potential, but then there is the issue of competition. Sportradar’s primary competitor is Genius Sports (NYSE:GENI), which went public this April. After some stumbles a few weeks back, Genius has performed well and has a market cap of $4.23 billion as of the time of writing. While smaller than what Sportradar is aiming for, Genius does have a prized partnership with the NFL and reported a revenue growth of 108% a few days ago perCNBC.</p><p><blockquote>这些因素表明一家公司具有巨大的增长潜力，但随之而来的是竞争问题。Sportradar 的主要竞争对手是今年 4 月上市的 Genius Sports（纽约证券交易所股票代码：GENI）。在经历了几周前的一些挫折之后，Genius 表现良好，截至撰写本文时市值为 42.3 亿美元。虽然比 Sportradar 的目标要小，但 Genius 确实与 NFL 建立了宝贵的合作伙伴关系，几天前向 CNBC 报告收入增长了 108%。</blockquote></p><p> Sportradar will need to show how it can continue to distinguish itself from its competitors like Genius, as well as Stats Perform, IMGArena, and BetConstruct. But the company has a Dollar-Based Net Retention Rate of 138% which shows an ability to keep customers. Furthermore, the massive potential of the sports betting market means that Sportradar will be able to keep growing without having to poach from competitors.</p><p><blockquote>Sportradar 需要展示如何继续与 Genius 等竞争对手以及 Stats Perform、IMGArena 和 BetConstruct 区分开来。但该公司以美元计算的净保留率为 138%，这表明其有能力留住客户。此外，体育博彩市场的巨大潜力意味着Sportradar将能够在不挖走竞争对手的情况下保持增长。</blockquote></p><p> <b>Finances and Valuation</b></p><p><blockquote><b>财务及估值</b></blockquote></p><p> Sportradar’s growth potential is shown by its finances, where it is the rare tech company which can report both high growth and profitability. The company reported a revenue of $318 million in the first half of 2021, up 42% from the same time period last year. This is probably elevated due to the pandemic depressing 2020 revenue as it only grew 6% in 2020, but Sportradar reports a CAGR of 25% going back to 2016. That is a more reasonable yet still sufficient growth rate.</p><p><blockquote>Sportradar 的增长潜力体现在其财务状况上，它是少有的既能实现高增长又能实现盈利的科技公司。该公司公布2021年上半年收入为3.18亿美元，比去年同期增长42%。这可能是由于疫情压低了 2020 年收入，因为 2020 年收入仅增长了 6%，但 Sportradar 报告称，截至 2016 年，CAGR 为 25%。这是一个更合理但仍然足够的增长率。</blockquote></p><p> Furthermore, Sportradar reported a net income of over $20 million in the first half of 2021 and has a history of profitability going back to at least 2019. Cash flow is also positive, with a net gain of $67 million in cash from operating activities in the first half of 2021.</p><p><blockquote>此外，Sportradar报告称，2021年上半年净利润超过2000万美元，盈利历史至少可以追溯到2019年。现金流也为正，2021年上半年经营活动现金净收益为6700万美元。</blockquote></p><p></p><p> Finally, Sportradar reports having $223 million in cash against $967 million in total liabilities. What these numbers show is that Sportradar is rapidly growing, though admittedly not as fast as Genius Sports. But unlike Genius, Sportradar is larger and reports a profit.</p><p><blockquote>最后，Sportradar 报告称拥有 2.23 亿美元现金，而总负债为 9.67 亿美元。这些数字表明，Sportradar正在快速增长，尽管不可否认没有Genius Sports快。但与 Genius 不同的是，Sportradar 规模更大，并且有利润。</blockquote></p><p> The next question thus becomes whether Sportradar is worth $7.8 billion. At that market cap, Sportradar has an enterprise value of about $8.5 billion. If we just extrapolate Sportradar’s revenue for the entire year and presume a revenue of $636 million, this gives an EV/revenue ratio of 13.36. By contrast, Genius Sports has an enterprise value of nearly $4 billion, and its first half 2021 revenue was just $109.5 million. From that metric, Sportradar thus appears to be the safer long-term bet.</p><p><blockquote>因此，下一个问题变成了 Sportradar 是否值 78 亿美元。按市值计算，Sportradar 的企业价值约为 85 亿美元。如果我们推断 Sportradar 全年的收入，假设收入为 6.36 亿美元，那么电动汽车/收入比为 13.36。相比之下，Genius Sports的企业价值接近40亿美元，2021年上半年营收仅为1.095亿美元。从这个指标来看，Sportradar 似乎是更安全的长期赌注。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> While there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.</p><p><blockquote>虽然Sportradar有很多值得喜欢的地方，但这并不意味着地平线上没有有问题的云。我相信，目前的COVID情况，许多人不愿意外出，但体育比赛仍在进行，对Sportradar来说是一个极好的情况，因为在家观看的人更有可能在网上下注。但如果情况恶化，体育赛事被取消，那就有问题了。如果情况有所改善，人们可能会开始选择赌场等其他娱乐方式，这可能会损害 Sportradar 的发展。</blockquote></p><p> But Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.</p><p><blockquote>但Sportradar已经显示出持续增长的能力，并且几乎无论COVID的状态如何，它都处于一个具有巨大潜力的市场。它的财务数据状况良好，很少有公司能提供像它这样的产品。最后，其78亿美元的估值非常公平，尤其是按照典型科技公司IPO的标准。</blockquote></p><p> Investors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.</p><p><blockquote>追求增长高于一切的投资者可能会考虑 Genius，尤其是 Genius 的禁售期即将到期，届时股价会下跌是合理的。但对于对价格合理的优质科技IPO感兴趣的投资者来说，Sportradar将是大多数人的绝佳选择。</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>Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</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\">\nSportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</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\">2021-09-15 00:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Online betting company Sportradar opened at $27 each on Tuesday.</p><p><blockquote>在线博彩公司Sportradar周二开盘，每张27美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50aafa6b5817c8055173c9017ac900d2\" tg-width=\"1080\" tg-height=\"2240\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Everything To Like About The Sportradar IPO</p><p><blockquote>Sportradar IPO 的一切值得喜欢</blockquote></p><p> <b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Sportradar Group AG is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.</li> <li>Sportradar plays an important, though indirect role in the rapidly growing sports betting industry. However, it faces tough competition.</li> <li>Sportradar’s finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors.</li> <li>Investors should strongly consider this company when it goes public.</li> </ul> Sportradar (NASDAQ:SRAD) has released pricing information about its upcoming IPO.Renaissance Capitalreported on Tuesday that Sportradar “plans to raise $504 million by offering 19 million shares at a price range of $25 to $28,” as well as an additional $159 million concurrent private placement. This will give the Swiss company a valuation of $7.8 billion at the midpoint range.</p><p><blockquote><ul><li>Sportradar Group AG正准备以78亿美元的估值上市，并将筹集超过5亿美元。</li><li>Sportradar在快速增长的体育博彩业中发挥着重要的作用，尽管是间接的。然而，它面临着激烈的竞争。</li><li>Sportradar 的财务状况良好，增长迅速，净利润为正，但与竞争对手相比，其估值似乎较低。</li><li>投资者应该在这家公司上市时强烈考虑它。</li></ul>Sportradar（纳斯达克股票代码：SRAD）公布了其即将进行的首次公开募股的定价信息。Renaissance Capital 周二报道称，Sportradar “计划以 25 至 28 美元的价格发行 1900 万股股票，筹集 5.04 亿美元”，并同时进行 1.59 亿美元的私募。这将使这家瑞士公司的估值达到78亿美元，处于中点区间。</blockquote></p><p> These numbers may be a tiny disappointment for Sportradar, as it had been reportedly shooting for a$10 billion valuationearlier in the year by undergoing a SPAC. But it is great news for investors, as there is a great deal to like about Sportradar. The sports company is in a market with major growth potential, is profitable, and has been growing rapidly. Concerns remain such as COVID and other competition, but investors should strongly consider getting in on this company as soon as possible especially compared to its main competitors.</p><p><blockquote>这些数字可能会让 Sportradar 有点失望，因为据报道，该公司在今年早些时候通过 SPAC 获得了 100 亿澳元的估值。但这对投资者来说是个好消息，因为Sportradar有很多值得喜欢的地方。这家体育公司所处的市场具有巨大的增长潜力，盈利，并且一直在快速增长。新冠疫情和其他竞争等担忧依然存在，但投资者应强烈考虑尽快入股这家公司，尤其是与其主要竞争对手相比。</blockquote></p><p> <b>Sports Gambling Market Potential</b></p><p><blockquote><b>体育博彩市场潜力</b></blockquote></p><p> Sports betting has become increasingly accepted and thus a more lucrative market in recent years, as governments have legalized it for the first time.Front Office Sportsreported in June that the US sports betting market could reach $37 billion by 2025 compared to its present value of $9.5 billion. Furthermore, the global sports betting market could reach as much as $144 billion by the same timeframe. And while there are some concerns due to COVID, it is highly unlikely that sports leagues will once again start canceling their events going forward.</p><p><blockquote>近年来，随着政府首次将体育博彩合法化，体育博彩越来越被接受，因此也是一个更有利可图的市场。Front Office sports在6月份报道称，到2025年，美国体育博彩市场可能达到370亿美元，而目前的价值为95亿美元。此外，在同一时间段内，全球体育博彩市场可能达到1440亿美元。虽然由于COVID有一些担忧，但体育联盟不太可能再次开始取消他们的赛事。</blockquote></p><p> Sportradar’s plan is to be the company selling shovels in this betting gold rush. What it intends to sell is information. Sportradar works with sports leagues across the world to help compile sports data. This data helps betting companies set better odds, helps bettors know that the betting company is not making any mistakes, and helps media companies know that they have the right data.</p><p><blockquote>Sportradar 的计划是成为这场博彩淘金热中销售铲子的公司。它打算卖的是信息。Sportradar与世界各地的体育联盟合作，帮助汇编体育数据。这些数据有助于博彩公司设定更好的赔率，帮助投注者知道博彩公司没有犯任何错误，并帮助媒体公司知道他们拥有正确的数据。</blockquote></p><p> The right data is not just about tracking points, home runs, or touchdowns. Sportradar claims in itsF-1/Athat it tracks “over 1.2 billion live data points per year from over 600,000 events in 37 sports,” which created over 21 billion odds changes. Furthermore, Sportradar has a strong data rights portfolio, as it has partnerships with the NBA, MLB, and NHL among other sports leagues across the world.</p><p><blockquote>正确的数据不仅仅是跟踪得分、本垒打或触地得分。Sportradar 在 itsF-1/Athat 中声称，它每年跟踪 “来自 37 个体育项目 60 多万场赛事的 12 亿多个实时数据点”，从而产生了超过 210 亿个赔率变化。此外，Sportradar拥有强大的数据权利组合，因为它与NBA、MLB和NHL以及世界各地的其他体育联盟建立了合作伙伴关系。</blockquote></p><p> These factors point to a company with major growth potential, but then there is the issue of competition. Sportradar’s primary competitor is Genius Sports (NYSE:GENI), which went public this April. After some stumbles a few weeks back, Genius has performed well and has a market cap of $4.23 billion as of the time of writing. While smaller than what Sportradar is aiming for, Genius does have a prized partnership with the NFL and reported a revenue growth of 108% a few days ago perCNBC.</p><p><blockquote>这些因素表明一家公司具有巨大的增长潜力，但随之而来的是竞争问题。Sportradar 的主要竞争对手是今年 4 月上市的 Genius Sports（纽约证券交易所股票代码：GENI）。在经历了几周前的一些挫折之后，Genius 表现良好，截至撰写本文时市值为 42.3 亿美元。虽然比 Sportradar 的目标要小，但 Genius 确实与 NFL 建立了宝贵的合作伙伴关系，几天前向 CNBC 报告收入增长了 108%。</blockquote></p><p> Sportradar will need to show how it can continue to distinguish itself from its competitors like Genius, as well as Stats Perform, IMGArena, and BetConstruct. But the company has a Dollar-Based Net Retention Rate of 138% which shows an ability to keep customers. Furthermore, the massive potential of the sports betting market means that Sportradar will be able to keep growing without having to poach from competitors.</p><p><blockquote>Sportradar 需要展示如何继续与 Genius 等竞争对手以及 Stats Perform、IMGArena 和 BetConstruct 区分开来。但该公司以美元计算的净保留率为 138%，这表明其有能力留住客户。此外，体育博彩市场的巨大潜力意味着Sportradar将能够在不挖走竞争对手的情况下保持增长。</blockquote></p><p> <b>Finances and Valuation</b></p><p><blockquote><b>财务及估值</b></blockquote></p><p> Sportradar’s growth potential is shown by its finances, where it is the rare tech company which can report both high growth and profitability. The company reported a revenue of $318 million in the first half of 2021, up 42% from the same time period last year. This is probably elevated due to the pandemic depressing 2020 revenue as it only grew 6% in 2020, but Sportradar reports a CAGR of 25% going back to 2016. That is a more reasonable yet still sufficient growth rate.</p><p><blockquote>Sportradar 的增长潜力体现在其财务状况上，它是少有的既能实现高增长又能实现盈利的科技公司。该公司公布2021年上半年收入为3.18亿美元，比去年同期增长42%。这可能是由于疫情压低了 2020 年收入，因为 2020 年收入仅增长了 6%，但 Sportradar 报告称，截至 2016 年，CAGR 为 25%。这是一个更合理但仍然足够的增长率。</blockquote></p><p> Furthermore, Sportradar reported a net income of over $20 million in the first half of 2021 and has a history of profitability going back to at least 2019. Cash flow is also positive, with a net gain of $67 million in cash from operating activities in the first half of 2021.</p><p><blockquote>此外，Sportradar报告称，2021年上半年净利润超过2000万美元，盈利历史至少可以追溯到2019年。现金流也为正，2021年上半年经营活动现金净收益为6700万美元。</blockquote></p><p></p><p> Finally, Sportradar reports having $223 million in cash against $967 million in total liabilities. What these numbers show is that Sportradar is rapidly growing, though admittedly not as fast as Genius Sports. But unlike Genius, Sportradar is larger and reports a profit.</p><p><blockquote>最后，Sportradar 报告称拥有 2.23 亿美元现金，而总负债为 9.67 亿美元。这些数字表明，Sportradar正在快速增长，尽管不可否认没有Genius Sports快。但与 Genius 不同的是，Sportradar 规模更大，并且有利润。</blockquote></p><p> The next question thus becomes whether Sportradar is worth $7.8 billion. At that market cap, Sportradar has an enterprise value of about $8.5 billion. If we just extrapolate Sportradar’s revenue for the entire year and presume a revenue of $636 million, this gives an EV/revenue ratio of 13.36. By contrast, Genius Sports has an enterprise value of nearly $4 billion, and its first half 2021 revenue was just $109.5 million. From that metric, Sportradar thus appears to be the safer long-term bet.</p><p><blockquote>因此，下一个问题变成了 Sportradar 是否值 78 亿美元。按市值计算，Sportradar 的企业价值约为 85 亿美元。如果我们推断 Sportradar 全年的收入，假设收入为 6.36 亿美元，那么电动汽车/收入比为 13.36。相比之下，Genius Sports的企业价值接近40亿美元，2021年上半年营收仅为1.095亿美元。从这个指标来看，Sportradar 似乎是更安全的长期赌注。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> While there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.</p><p><blockquote>虽然Sportradar有很多值得喜欢的地方，但这并不意味着地平线上没有有问题的云。我相信，目前的COVID情况，许多人不愿意外出，但体育比赛仍在进行，对Sportradar来说是一个极好的情况，因为在家观看的人更有可能在网上下注。但如果情况恶化，体育赛事被取消，那就有问题了。如果情况有所改善，人们可能会开始选择赌场等其他娱乐方式，这可能会损害 Sportradar 的发展。</blockquote></p><p> But Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.</p><p><blockquote>但Sportradar已经显示出持续增长的能力，并且几乎无论COVID的状态如何，它都处于一个具有巨大潜力的市场。它的财务数据状况良好，很少有公司能提供像它这样的产品。最后，其78亿美元的估值非常公平，尤其是按照典型科技公司IPO的标准。</blockquote></p><p> Investors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.</p><p><blockquote>追求增长高于一切的投资者可能会考虑 Genius，尤其是 Genius 的禁售期即将到期，届时股价会下跌是合理的。但对于对价格合理的优质科技IPO感兴趣的投资者来说，Sportradar将是大多数人的绝佳选择。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SRAD":"Sportradar Group AG"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149444561","content_text":"Online betting company Sportradar opened at $27 each on Tuesday.\n\nEverything To Like About The Sportradar IPO\nSummary\n\nSportradar Group AG is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.\nSportradar plays an important, though indirect role in the rapidly growing sports betting industry. However, it faces tough competition.\nSportradar’s finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors.\nInvestors should strongly consider this company when it goes public.\n\nSportradar (NASDAQ:SRAD) has released pricing information about its upcoming IPO.Renaissance Capitalreported on Tuesday that Sportradar “plans to raise $504 million by offering 19 million shares at a price range of $25 to $28,” as well as an additional $159 million concurrent private placement. This will give the Swiss company a valuation of $7.8 billion at the midpoint range.\nThese numbers may be a tiny disappointment for Sportradar, as it had been reportedly shooting for a$10 billion valuationearlier in the year by undergoing a SPAC. But it is great news for investors, as there is a great deal to like about Sportradar. The sports company is in a market with major growth potential, is profitable, and has been growing rapidly. Concerns remain such as COVID and other competition, but investors should strongly consider getting in on this company as soon as possible especially compared to its main competitors.\nSports Gambling Market Potential\nSports betting has become increasingly accepted and thus a more lucrative market in recent years, as governments have legalized it for the first time.Front Office Sportsreported in June that the US sports betting market could reach $37 billion by 2025 compared to its present value of $9.5 billion. Furthermore, the global sports betting market could reach as much as $144 billion by the same timeframe. And while there are some concerns due to COVID, it is highly unlikely that sports leagues will once again start canceling their events going forward.\nSportradar’s plan is to be the company selling shovels in this betting gold rush. What it intends to sell is information. Sportradar works with sports leagues across the world to help compile sports data. This data helps betting companies set better odds, helps bettors know that the betting company is not making any mistakes, and helps media companies know that they have the right data.\nThe right data is not just about tracking points, home runs, or touchdowns. Sportradar claims in itsF-1/Athat it tracks “over 1.2 billion live data points per year from over 600,000 events in 37 sports,” which created over 21 billion odds changes. Furthermore, Sportradar has a strong data rights portfolio, as it has partnerships with the NBA, MLB, and NHL among other sports leagues across the world.\nThese factors point to a company with major growth potential, but then there is the issue of competition. Sportradar’s primary competitor is Genius Sports (NYSE:GENI), which went public this April. After some stumbles a few weeks back, Genius has performed well and has a market cap of $4.23 billion as of the time of writing. While smaller than what Sportradar is aiming for, Genius does have a prized partnership with the NFL and reported a revenue growth of 108% a few days ago perCNBC.\nSportradar will need to show how it can continue to distinguish itself from its competitors like Genius, as well as Stats Perform, IMGArena, and BetConstruct. But the company has a Dollar-Based Net Retention Rate of 138% which shows an ability to keep customers. Furthermore, the massive potential of the sports betting market means that Sportradar will be able to keep growing without having to poach from competitors.\nFinances and Valuation\nSportradar’s growth potential is shown by its finances, where it is the rare tech company which can report both high growth and profitability. The company reported a revenue of $318 million in the first half of 2021, up 42% from the same time period last year. This is probably elevated due to the pandemic depressing 2020 revenue as it only grew 6% in 2020, but Sportradar reports a CAGR of 25% going back to 2016. That is a more reasonable yet still sufficient growth rate.\nFurthermore, Sportradar reported a net income of over $20 million in the first half of 2021 and has a history of profitability going back to at least 2019. Cash flow is also positive, with a net gain of $67 million in cash from operating activities in the first half of 2021.\nFinally, Sportradar reports having $223 million in cash against $967 million in total liabilities. What these numbers show is that Sportradar is rapidly growing, though admittedly not as fast as Genius Sports. But unlike Genius, Sportradar is larger and reports a profit.\n\nThe next question thus becomes whether Sportradar is worth $7.8 billion. At that market cap, Sportradar has an enterprise value of about $8.5 billion. If we just extrapolate Sportradar’s revenue for the entire year and presume a revenue of $636 million, this gives an EV/revenue ratio of 13.36. By contrast, Genius Sports has an enterprise value of nearly $4 billion, and its first half 2021 revenue was just $109.5 million. From that metric, Sportradar thus appears to be the safer long-term bet.\nFinal Thoughts\nWhile there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.\nBut Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.\nInvestors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.","news_type":1,"symbols_score_info":{"SRAD":0.9}},"isVote":1,"tweetType":1,"viewCount":2238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888178732,"gmtCreate":1631468002626,"gmtModify":1631891505557,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888178732","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","kind":"news","pubTimestamp":1631406130,"share":"https://www.laohunote.com/m/news/1189654544?lang=zh_CN&edition=full","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在短暂的假期周经历了一波上市浪潮后，未来一周将有 10 起 IPO 计划筹集超过 30 亿美元。</blockquote></p><p> Tech consultancy <b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p><p><blockquote>技术咨询<b>思想作品</b>(TWKS) 计划以 63 亿美元的市值筹集 7 亿美元。这家敏捷软件开发商为300多家企业客户提供优质的端到端数字战略、设计和工程服务。从2017年到2020年，该公司的收入以14%的CAGR增长，并在2020年和2021年上半年扩大了利润率。</blockquote></p><p> Swiss running shoe brand <b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p><p><blockquote>瑞士跑鞋品牌<b>关于持有</b>(ONON) 计划以 59 亿美元的市值筹集 5.91 亿美元。On是一家使用可持续材料及其专有技术设计的优质运动鞋、服装和配件的全球供应商。该公司已表现出增长和盈利能力，尽管它面临来自其他知名运动服装品牌的激烈竞争。</blockquote></p><p> After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p><p><blockquote>在结束通过特殊目的收购公司上市的谈判后，<b>体育雷达集团</b>(SRAD) 计划以 79 亿美元的市值筹集 5.04 亿美元。这家瑞士公司每年报道83个体育项目的750,000多场赛事，为体育联盟、博彩运营商和媒体公司提供软件、数据和内容。Sportradar 实现了盈利，随着体育直播的恢复，2021 年上半年增长加速。</blockquote></p><p> Drive-thru coffee chain <b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p><p><blockquote>得来速咖啡连锁店<b>荷兰兄弟</b>(BROS) 计划以 33 亿美元的市值筹集 4 亿美元。这家总部位于俄勒冈州的公司在美国西部拥有471家得来速咖啡店连锁店，随着向新州扩张，它能够保持同店销售增长的记录。内部人士收到了IPO前股息，并将把股票卖回给公司。</blockquote></p><p> Healthcare intelligence platform <b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p><p><blockquote>医疗智能平台<b>终极医疗保健</b>（卫生署）计划以33亿元的市值筹集3.5亿元。该公司提供医疗保健商业智能和分析平台，帮助其客户分析、导航和销售到复杂的医疗保健生态系统。由于增长强劲，Definitive Healthcare 未盈利，IPO 后将受到杠杆作用。</blockquote></p><p> Identity management platform <b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p><p><blockquote>身份管理平台<b>伪岩</b>(FORG) 计划以 21 亿美元的市值筹集 2.48 亿美元。该公司提供身份和访问管理软件，以及一个提供、认证和管理所有类型数字身份的平台。由于销售和营销费用高昂，ForgeRock 无利可图，是价值数十亿美元的身份和访问市场中领先的下一代提供商。</blockquote></p><p> Immunology biotech <b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p><p><blockquote>免疫生物技术<b>骰子治疗</b>(DICE) 计划以 5.5 亿美元的市值筹集 1.6 亿美元。这家生物技术公司正在开发口服小分子疗法，以治疗免疫学和其他治疗领域的慢性疾病。DICE计划启动其主要候选药物S011806的1期试验，这是一种具有多种免疫学适应症的口服拮抗剂。</blockquote></p><p> Surgical robotics developer <b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p><p><blockquote>手术机器人开发商<b>生物机器人方案</b>(PRCT) 计划以 11 亿美元的市值筹集 1.27 亿美元。这家商业阶段的公司开发用于微创泌尿外科手术的手术机器人系统，最初重点是治疗良性前列腺增生。PROCEPT BioRobotics 严重无利可图，2021 年上半年收入增长了六倍多。</blockquote></p><p> Oncology biotech <b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p><p><blockquote>肿瘤生物技术<b>泰拉生物科学</b>(TYRA) 计划以 5.84 亿美元的市值筹集 1.01 亿美元。这家临床前生物技术公司正在开发用于癌症，特别是实体瘤的 FGFR 激酶抑制剂。Tyra 的主要候选药物最初专注于膀胱癌，该公司预计将在 2022 年年中提交该药物的 IND。</blockquote></p><p> Micro-cap gas delivery service <b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p><p><blockquote>微型气体输送服务<b>埃兹菲尔控股</b>（EZFL）计划以1.04亿美元的市值筹集2500万美元。这家移动加油公司通过移动应用程序在佛罗里达州提供按需加油服务。EzFill 表示，它是南佛罗里达市场的主导者，但由于增长迅速，利润极高，因此它是南佛罗里达市场的主导者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <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 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</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21年9月9日，文艺复兴IPO指数年初至今上涨7.7%，而标普500上涨19.6%。Renaissance Capital 的 IPO ETF（纽约证券交易所股票代码：IPO）追踪该指数，持有量最大的 ETF 包括 Snowflake (SNOW) 和 Palantir Technologies (PLTR)。Renaissance International IPO 指数今年迄今下跌 11.0%，而 ACWX 指数上涨 10.0%。Renaissance Capital 的国际 IPO ETF（纽约证券交易所股票代码：IPOS）追踪该指数，持有的 ETF 包括 Smoore International 和 EQT Partners。</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 Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</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\">2021-09-12 08:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在短暂的假期周经历了一波上市浪潮后，未来一周将有 10 起 IPO 计划筹集超过 30 亿美元。</blockquote></p><p> Tech consultancy <b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p><p><blockquote>技术咨询<b>思想作品</b>(TWKS) 计划以 63 亿美元的市值筹集 7 亿美元。这家敏捷软件开发商为300多家企业客户提供优质的端到端数字战略、设计和工程服务。从2017年到2020年，该公司的收入以14%的CAGR增长，并在2020年和2021年上半年扩大了利润率。</blockquote></p><p> Swiss running shoe brand <b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p><p><blockquote>瑞士跑鞋品牌<b>关于持有</b>(ONON) 计划以 59 亿美元的市值筹集 5.91 亿美元。On是一家使用可持续材料及其专有技术设计的优质运动鞋、服装和配件的全球供应商。该公司已表现出增长和盈利能力，尽管它面临来自其他知名运动服装品牌的激烈竞争。</blockquote></p><p> After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p><p><blockquote>在结束通过特殊目的收购公司上市的谈判后，<b>体育雷达集团</b>(SRAD) 计划以 79 亿美元的市值筹集 5.04 亿美元。这家瑞士公司每年报道83个体育项目的750,000多场赛事，为体育联盟、博彩运营商和媒体公司提供软件、数据和内容。Sportradar 实现了盈利，随着体育直播的恢复，2021 年上半年增长加速。</blockquote></p><p> Drive-thru coffee chain <b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p><p><blockquote>得来速咖啡连锁店<b>荷兰兄弟</b>(BROS) 计划以 33 亿美元的市值筹集 4 亿美元。这家总部位于俄勒冈州的公司在美国西部拥有471家得来速咖啡店连锁店，随着向新州扩张，它能够保持同店销售增长的记录。内部人士收到了IPO前股息，并将把股票卖回给公司。</blockquote></p><p> Healthcare intelligence platform <b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p><p><blockquote>医疗智能平台<b>终极医疗保健</b>（卫生署）计划以33亿元的市值筹集3.5亿元。该公司提供医疗保健商业智能和分析平台，帮助其客户分析、导航和销售到复杂的医疗保健生态系统。由于增长强劲，Definitive Healthcare 未盈利，IPO 后将受到杠杆作用。</blockquote></p><p> Identity management platform <b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p><p><blockquote>身份管理平台<b>伪岩</b>(FORG) 计划以 21 亿美元的市值筹集 2.48 亿美元。该公司提供身份和访问管理软件，以及一个提供、认证和管理所有类型数字身份的平台。由于销售和营销费用高昂，ForgeRock 无利可图，是价值数十亿美元的身份和访问市场中领先的下一代提供商。</blockquote></p><p> Immunology biotech <b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p><p><blockquote>免疫生物技术<b>骰子治疗</b>(DICE) 计划以 5.5 亿美元的市值筹集 1.6 亿美元。这家生物技术公司正在开发口服小分子疗法，以治疗免疫学和其他治疗领域的慢性疾病。DICE计划启动其主要候选药物S011806的1期试验，这是一种具有多种免疫学适应症的口服拮抗剂。</blockquote></p><p> Surgical robotics developer <b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p><p><blockquote>手术机器人开发商<b>生物机器人方案</b>(PRCT) 计划以 11 亿美元的市值筹集 1.27 亿美元。这家商业阶段的公司开发用于微创泌尿外科手术的手术机器人系统，最初重点是治疗良性前列腺增生。PROCEPT BioRobotics 严重无利可图，2021 年上半年收入增长了六倍多。</blockquote></p><p> Oncology biotech <b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p><p><blockquote>肿瘤生物技术<b>泰拉生物科学</b>(TYRA) 计划以 5.84 亿美元的市值筹集 1.01 亿美元。这家临床前生物技术公司正在开发用于癌症，特别是实体瘤的 FGFR 激酶抑制剂。Tyra 的主要候选药物最初专注于膀胱癌，该公司预计将在 2022 年年中提交该药物的 IND。</blockquote></p><p> Micro-cap gas delivery service <b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p><p><blockquote>微型气体输送服务<b>埃兹菲尔控股</b>（EZFL）计划以1.04亿美元的市值筹集2500万美元。这家移动加油公司通过移动应用程序在佛罗里达州提供按需加油服务。EzFill 表示，它是南佛罗里达市场的主导者，但由于增长迅速，利润极高，因此它是南佛罗里达市场的主导者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <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 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</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21年9月9日，文艺复兴IPO指数年初至今上涨7.7%，而标普500上涨19.6%。Renaissance Capital 的 IPO ETF（纽约证券交易所股票代码：IPO）追踪该指数，持有量最大的 ETF 包括 Snowflake (SNOW) 和 Palantir Technologies (PLTR)。Renaissance International IPO 指数今年迄今下跌 11.0%，而 ACWX 指数上涨 10.0%。Renaissance Capital 的国际 IPO ETF（纽约证券交易所股票代码：IPOS）追踪该指数，持有的 ETF 包括 Smoore International 和 EQT Partners。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">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":{".IXIC":"NASDAQ Composite","TYRA":"Tyra Biosciences, Inc.","BROS":"Dutch Bros Inc.","PRCT":"PROCEPT BioRobotics","DH":"Definitive Healthcare Corp.","SRAD":"Sportradar Group AG",".SPX":"S&P 500 Index","ONON":"On Holding AG",".DJI":"道琼斯"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1,"symbols_score_info":{".DJI":0.9,"DH":0.9,"EZFL":0.9,"FORG":0.9,"SRAD":0.9,"DICE":0.9,"TYRA":0.9,"TWKS":0.9,".IXIC":0.9,"BROS":0.9,"ONON":0.9,"PRCT":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889175961,"gmtCreate":1631121753953,"gmtModify":1631891505561,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889175961","repostId":"1117517712","repostType":4,"repost":{"id":"1117517712","kind":"news","pubTimestamp":1631114489,"share":"https://www.laohunote.com/m/news/1117517712?lang=zh_CN&edition=full","pubTime":"2021-09-08 23:21","market":"us","language":"en","title":"Arqit Quantum Shares Up More Than 45% Wednesday<blockquote>Arqit Quantum 股价周三上涨超过 45%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117517712","media":"MarketWatch","summary":"Shares of quantum encryption technology company Arqit Quantum Inc. are higher on the Nasdaq Wednesda","content":"<p>Shares of quantum encryption technology company Arqit Quantum Inc. are higher on the Nasdaq Wednesday, the company's second day of trading on the exchange.</p><p><blockquote>量子加密技术公司 Arqit Quantum Inc. 的股价周三在纳斯达克上涨，这是该公司在该交易所交易的第二天。</blockquote></p><p> At 11:22 a.m. ET, the company's shares were trading 45.58% higher, at $16.45 a share. Volume at the time topped 7.2 million shares.</p><p><blockquote>截至美国东部时间上午 11:22，该公司股价上涨 45.58%，至每股 16.45 美元。当时的交易量超过 720 万股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7f9111e3de3dfb57b728ef686563c787\" tg-width=\"1405\" tg-height=\"775\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The stock closed Tuesday with a 35.33% gain, at $11.30 a share.</p><p><blockquote>该股周二收盘上涨 35.33%，至每股 11.30 美元。</blockquote></p><p> Earlier this month, Arqit Quantum closed its business combination with blank-check company Centricus Acquisition Corp.</p><p><blockquote>本月早些时候，Arqit Quantum 完成了与空白支票公司 Centricus Acquisition Corp. 的业务合并。</blockquote></p><p> Shares of the combined company trade under the symbol ARQQ.</p><p><blockquote>合并后公司的股票交易代码为 ARQQ。</blockquote></p><p> Trading in the stock was paused earlier Wednesday due to volatility, but has since resumed.</p><p><blockquote>由于波动，该股周三早些时候暂停交易，但现已恢复。</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>Arqit Quantum Shares Up More Than 45% Wednesday<blockquote>Arqit Quantum 股价周三上涨超过 45%</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\">\nArqit Quantum Shares Up More Than 45% Wednesday<blockquote>Arqit Quantum 股价周三上涨超过 45%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-08 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of quantum encryption technology company Arqit Quantum Inc. are higher on the Nasdaq Wednesday, the company's second day of trading on the exchange.</p><p><blockquote>量子加密技术公司 Arqit Quantum Inc. 的股价周三在纳斯达克上涨，这是该公司在该交易所交易的第二天。</blockquote></p><p> At 11:22 a.m. ET, the company's shares were trading 45.58% higher, at $16.45 a share. Volume at the time topped 7.2 million shares.</p><p><blockquote>截至美国东部时间上午 11:22，该公司股价上涨 45.58%，至每股 16.45 美元。当时的交易量超过 720 万股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7f9111e3de3dfb57b728ef686563c787\" tg-width=\"1405\" tg-height=\"775\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The stock closed Tuesday with a 35.33% gain, at $11.30 a share.</p><p><blockquote>该股周二收盘上涨 35.33%，至每股 11.30 美元。</blockquote></p><p> Earlier this month, Arqit Quantum closed its business combination with blank-check company Centricus Acquisition Corp.</p><p><blockquote>本月早些时候，Arqit Quantum 完成了与空白支票公司 Centricus Acquisition Corp. 的业务合并。</blockquote></p><p> Shares of the combined company trade under the symbol ARQQ.</p><p><blockquote>合并后公司的股票交易代码为 ARQQ。</blockquote></p><p> Trading in the stock was paused earlier Wednesday due to volatility, but has since resumed.</p><p><blockquote>由于波动，该股周三早些时候暂停交易，但现已恢复。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/arqit-quantum-shares-up-more-than-40-wednesday-271631114193?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARQQ":"Arqit Quantum Inc."},"source_url":"https://www.marketwatch.com/story/arqit-quantum-shares-up-more-than-40-wednesday-271631114193?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117517712","content_text":"Shares of quantum encryption technology company Arqit Quantum Inc. are higher on the Nasdaq Wednesday, the company's second day of trading on the exchange.\nAt 11:22 a.m. ET, the company's shares were trading 45.58% higher, at $16.45 a share. Volume at the time topped 7.2 million shares.\n\nThe stock closed Tuesday with a 35.33% gain, at $11.30 a share.\nEarlier this month, Arqit Quantum closed its business combination with blank-check company Centricus Acquisition Corp.\nShares of the combined company trade under the symbol ARQQ.\nTrading in the stock was paused earlier Wednesday due to volatility, but has since resumed.","news_type":1,"symbols_score_info":{"ARQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817643865,"gmtCreate":1630947096057,"gmtModify":1631891505566,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817643865","repostId":"1121396906","repostType":4,"isVote":1,"tweetType":1,"viewCount":3080,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814485284,"gmtCreate":1630863963148,"gmtModify":1631888360620,"author":{"id":"4087621400674580","authorId":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087621400674580","idStr":"4087621400674580"},"themes":[],"title":"","htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814485284","repostId":"1157895022","repostType":4,"repost":{"id":"1157895022","kind":"news","pubTimestamp":1630810619,"share":"https://www.laohunote.com/m/news/1157895022?lang=zh_CN&edition=full","pubTime":"2021-09-05 10:56","market":"us","language":"en","title":"Beat the market with this quant system that’s very bullish on stocks at record highs<blockquote>利用这个量化系统战胜市场，该系统非常看好创纪录高点的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157895022","media":"MarketWatch","summary":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do ","content":"<p> <b>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.</b> Imagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.</p><p><blockquote><b>万斯-霍华德（Vance Howard）的 HCM 战术增长基金（Tactical Growwth Fund）会让你在谨慎的情况下进出股市。到目前为止，他的计算机科学家团队的策略已经取得了成效。</b>想象一下，当你坐下来享受生活时，你有一台赚钱机器在股市上收获收益。</blockquote></p><p> That’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.</p><p><blockquote>这是每个人的梦想，对吧？投资者万斯-霍华德认为他找到了答案。</blockquote></p><p> Howard and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.</p><p><blockquote>佐治亚州罗斯威尔的霍华德资本管理公司的霍华德和他的一小群计算机程序员。，有一个量化系统，发布巨大的回报。</blockquote></p><p> His HCM Tactical Growth Fund HCMGX,+0.35%beats its Russell 1000 benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.</p><p><blockquote>根据晨星公司的数据，他的 HCM 战术增长基金 HCMGX,+0.35% 在过去五年中以年化计算比其罗素 1000 基准指数和大型混合基金类别高出 8.5-10.4 个百分点。这不是一个小壮举，不仅仅是因为它必须克服2.22%的费用。战胜市场根本不容易。他的 HCM 股息板块 PlusHCMQX,-0.05%) 和 HCM 收入 PlusHCMLX,+0.30% 基金表现类似。</blockquote></p><p> There are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?</p><p><blockquote>有缺点，我在下面详细介绍。（其中：潜在的长期表现不佳和定期税单。）但首先，我们能从这位赢家身上学到什么？</blockquote></p><p> So-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.</p><p><blockquote>所谓的量化者从不分享他们专有系统的所有细节，但霍华德分享了很多细节，你会看到的。这位德克萨斯州牧场主有很多基于 “马感 ”的好建议--考虑到他对市场有着极具感染力的热情，以及他三十年的职业牧场主经验，这并不奇怪。</blockquote></p><p> Here are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.</p><p><blockquote>以下是最近对他的采访中的五个教训、12 只交易所交易基金 (ETF) 和 4 只值得考虑的股票。</blockquote></p><p> <b>Lesson #1: Don’t be emotional</b></p><p><blockquote><b>第一课：不要情绪化</b></blockquote></p><p> It’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.</p><p><blockquote>难怪这么多人在市场上表现不佳。进化注定了我们会失败。为了生存，我们学会了逃避让我们害怕的事情。渴望更多令人愉快的东西——比如甜食或脂肪，以在可能很长一段时间没有食物之前储存卡路里。但在市场上，出于恐惧和贪婪的情绪行事总是会让我们在错误的时间做错误的事情。底部卖出，顶部买入。</blockquote></p><p> Likewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.</p><p><blockquote>同样，我们也相信与人群在一起会带来安全。如果你是稀树草原上的斑马，那么如果你单独行动，就更有可能被捕食者叼走。这里的问题是成为人群的一部分——以及人群心理——把我们愚蠢到纯粹的情感层面。这就是为什么人群中的人们会做他们自己永远不会做的可怕事情。你有多聪明并不重要。当你加入人群时，你会失去很多智商点。基本情绪占据主导地位。</blockquote></p><p> To do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”</p><p><blockquote>要想在市场上做好，你必须抵消这些趋势。“霍华德说：”个人投资者和基金经理犯的最大错误之一就是情绪化。“放下你的情绪。”</blockquote></p><p> <b>Lesson #2: Have a system and stick to it</b></p><p><blockquote><b>第二课：建立一个系统并坚持下去</b></blockquote></p><p> To exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.</p><p><blockquote>要驱除情绪，要有一个系统。“霍华德说：”不要事后猜测。“这让你不会让大流行病或阿富汗把你吓出市场”。他评级了他的系统HCM-BuyLine。它基本上是一个动量和趋势跟踪系统——在市场上通常效果很好。</blockquote></p><p> The HCM-BuyLine basically works like this. First, rather than use the S&P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.</p><p><blockquote>HCM-BuyLine基本上是这样工作的。首先，霍华德没有使用标准普尔 500SPX（-0.03%）或道琼斯工业平均指数（-0.21%），而是混合了几个股票指数来创建自己的指数。然后他使用移动平均线来告诉他市场是处于上升趋势还是下降趋势。</blockquote></p><p> When the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.</p><p><blockquote>当移动平均线下跌3.5%时，他卖出35%。如果下跌 6.5%，他就再卖出 35%。他很少使用100%的现金。</blockquote></p><p> “If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”</p><p><blockquote>“他说：”如果买盘是积极的，无论如何我们都会长期持有。“我们让数学来决定，就能把所有的情绪都排除在外”。</blockquote></p><p> Right now, it’s bullish. (More on this below.)</p><p><blockquote>目前，情况看涨。（更多内容见下文。）</blockquote></p><p> Your system also has to tell you when to get back in.</p><p><blockquote>你的系统也必须告诉你什么时候回来。</blockquote></p><p> “That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.</p><p><blockquote>“他说：”这就是大多数人搞砸的地方。“他们退出了市场，却不知道什么时候才能重新进来”。当他的自定义指数连续六个交易日交易高于其移动平均线时，HCM-BuyLine 会发出买入信号，然后继续交易高于这六天的高点。</blockquote></p><p> You don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.</p><p><blockquote>你不需要一个能准确预测评级市场顶部或底部的系统。相反，买入线让霍华德在 85% 的时间里远离下跌市场，在 85% 的好时机里则保持下跌。</blockquote></p><p> “If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”</p><p><blockquote>“他说：”如果我们能坚持不懈地做到这一点，我们就能获得更高的回报，生活压力也会更小。“在糟糕的录音带中全神贯注并不好玩”。</blockquote></p><p> His system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.</p><p><blockquote>他的系统让他退出市场很慢，但让他回来很快。即使是10%的修正也不一定会让他离开。他经常买入这些回调。快速回归是有意义的，因为底部的复苏往往会很快发生。</blockquote></p><p> “The HCM-BuyLine takes all the emotion out of the process,” says Howard.</p><p><blockquote>“霍华德说：”HCM-BuyLine 消除了整个过程中的所有情绪。</blockquote></p><p> <b>Lesson #3: Don’t fight the tape</b></p><p><blockquote><b>第三课：不要与磁带对抗</b></blockquote></p><p> This concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”</p><p><blockquote>这一概念是马蒂-茨威格（Marty Zweig）经典著作《华尔街的胜利》（Winning on Wall Street）的核心智慧之一。</blockquote></p><p></p><p> “You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”</p><p><blockquote>“霍华德同意道：”你必须站在市场的正确一边。“如果你试图在糟糕的市场中进行多头交易，那将是痛苦的。”</blockquote></p><p> In other words, don’t try to be a hero.</p><p><blockquote>换句话说，不要试图成为英雄。</blockquote></p><p> “Sometimes, not losing money is where you want to be,” he says.</p><p><blockquote>“他说：”有时候，不赔钱才是你想要的。</blockquote></p><p> Likewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.</p><p><blockquote>同样，不要因为市场创下新高--比如现在--就变得谨慎。你应该喜欢新高，因为这是市场力量可能会持续的迹象。</blockquote></p><p> <b>Lesson #4: Keep it simple</b></p><p><blockquote><b>第4课：保持简单</b></blockquote></p><p> As you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.</p><p><blockquote>正如您将在下面看到的，霍华德并不使用衍生品、掉期或指数期权等深奥的工具。他甚至不交易外国股票或货币。这对个人投资者来说是令人耳目一新的，因为我们更难获得这些工具。</blockquote></p><p> “You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”</p><p><blockquote>“他说：”你不必交易疯狂的东西。“你可以交易普通的 ETF，击败所有人”。</blockquote></p><p> <b>Lesson #5: How to trade the current market</b></p><p><blockquote><b>第5课：如何交易当前市场</b></blockquote></p><p> First, be long.</p><p><blockquote>首先，做多。</blockquote></p><p> “The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”</p><p><blockquote>“HCM-BuyLine 非常积极。我们百分之百同意，”霍华德说。“市场正在扩大。这变得非常令人兴奋。我们认为市场不会很快好转。我们正在买入回调。”</blockquote></p><p> One bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”</p><p><blockquote>一个看涨信号是所有的现金都在观望。“如果科维德有任何缓解，我们可能会看到一场大反弹。我们最终可能会迎来一个伟大的秋季[赛季]。”</blockquote></p><p> Howard uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.</p><p><blockquote>霍华德还使用动量指标来选择股票和 ETF。对于行业，他倾向于以下几种。</blockquote></p><p> He likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.</p><p><blockquote>他喜欢医疗保健，可通过 iShares US HealthcareIYH,-0.04% 和 ProShares Ultra Health CareRXL,+0.12% ETF 进行交易。他越来越看好生物技术，他通过 iShares Biotechnology ETFIBB 投资生物技术，-0.11%。</blockquote></p><p> He likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and iShares SemiconductorSOXX,+0.75%.</p><p><blockquote>他喜欢通过 iShares US Consumer ServicesIYC 交易的非必需消费品， -0.30%， 以及通过 US Global JetsJETS 交易的航空公司， -1.17%.他还喜欢通过 Invesco QQQ TrustQQQ,+0.31%、iShares US TechnologyYYW,+0.50% 和 iShares SemiconductorSOXX,+0.75% 进行科技投资。</blockquote></p><p> He likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.</p><p><blockquote>他通过 Vanguard Small-Cap Growth Index FundVBK,+0.07% 看好小盘股。以及通过 SPDR Bloomberg Barclays Convertible Securities CWB,+0.64% 和 iShares Convertible BondICVT,+0.37% 看好可转换债券。</blockquote></p><p> As for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.</p><p><blockquote>至于个股，他特别提到了科技股中的微软MSFT（-0.00%）和苹果APL（+0.42%），以及亚马逊.comAMZN（+0.43%）和特斯拉TSLA（+0.16%）。</blockquote></p><p> Also consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.</p><p><blockquote>还可以考虑霍华德的两只 ETF： HCM Defender 100 IndexQQH,+0.62%，HCM Defender 500 IndexLGH,+1.32%。</blockquote></p><p> He prefers to add to holdings on 1%-3% dips.</p><p><blockquote>他更喜欢在下跌 1%-3% 时增持。</blockquote></p><p> <b>A few drawbacks</b></p><p><blockquote><b>一些缺点</b></blockquote></p><p> His HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.</p><p><blockquote>他的 HCM 战术增长基金自 2015 年推出以来，曾连续两年表现不佳，表现在 1.5% 至 8.8% 之间。随后，该基金强势回归，实现了上述非常积极的五年业绩。投资他的系统可能需要耐心。</blockquote></p><p> Every manager, including Warren Buffett, can have a stretch of underperformance, says Howard.</p><p><blockquote>霍华德说，包括沃伦·巴菲特在内的每个经理都可能经历一段时间的表现不佳。</blockquote></p><p> “We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”</p><p><blockquote>“他说：”我们正处于胜算之中。“即使在赔率游戏中，你也可能有一两手烂牌。”</blockquote></p><p> Another challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.</p><p><blockquote>另一个挑战是高流动率，战术增长每年为140%。这意味着山姆大叔在好年景里得到了很大的削减。因此，如果您购买霍华德的基金，您可能需要在税收保护账户中购买。</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>Beat the market with this quant system that’s very bullish on stocks at record highs<blockquote>利用这个量化系统战胜市场，该系统非常看好创纪录高点的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeat the market with this quant system that’s very bullish on stocks at record highs<blockquote>利用这个量化系统战胜市场，该系统非常看好创纪录高点的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-05 10:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.</b> Imagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.</p><p><blockquote><b>万斯-霍华德（Vance Howard）的 HCM 战术增长基金（Tactical Growwth Fund）会让你在谨慎的情况下进出股市。到目前为止，他的计算机科学家团队的策略已经取得了成效。</b>想象一下，当你坐下来享受生活时，你有一台赚钱机器在股市上收获收益。</blockquote></p><p> That’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.</p><p><blockquote>这是每个人的梦想，对吧？投资者万斯-霍华德认为他找到了答案。</blockquote></p><p> Howard and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.</p><p><blockquote>佐治亚州罗斯威尔的霍华德资本管理公司的霍华德和他的一小群计算机程序员。，有一个量化系统，发布巨大的回报。</blockquote></p><p> His HCM Tactical Growth Fund HCMGX,+0.35%beats its Russell 1000 benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.</p><p><blockquote>根据晨星公司的数据，他的 HCM 战术增长基金 HCMGX,+0.35% 在过去五年中以年化计算比其罗素 1000 基准指数和大型混合基金类别高出 8.5-10.4 个百分点。这不是一个小壮举，不仅仅是因为它必须克服2.22%的费用。战胜市场根本不容易。他的 HCM 股息板块 PlusHCMQX,-0.05%) 和 HCM 收入 PlusHCMLX,+0.30% 基金表现类似。</blockquote></p><p> There are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?</p><p><blockquote>有缺点，我在下面详细介绍。（其中：潜在的长期表现不佳和定期税单。）但首先，我们能从这位赢家身上学到什么？</blockquote></p><p> So-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.</p><p><blockquote>所谓的量化者从不分享他们专有系统的所有细节，但霍华德分享了很多细节，你会看到的。这位德克萨斯州牧场主有很多基于 “马感 ”的好建议--考虑到他对市场有着极具感染力的热情，以及他三十年的职业牧场主经验，这并不奇怪。</blockquote></p><p> Here are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.</p><p><blockquote>以下是最近对他的采访中的五个教训、12 只交易所交易基金 (ETF) 和 4 只值得考虑的股票。</blockquote></p><p> <b>Lesson #1: Don’t be emotional</b></p><p><blockquote><b>第一课：不要情绪化</b></blockquote></p><p> It’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.</p><p><blockquote>难怪这么多人在市场上表现不佳。进化注定了我们会失败。为了生存，我们学会了逃避让我们害怕的事情。渴望更多令人愉快的东西——比如甜食或脂肪，以在可能很长一段时间没有食物之前储存卡路里。但在市场上，出于恐惧和贪婪的情绪行事总是会让我们在错误的时间做错误的事情。底部卖出，顶部买入。</blockquote></p><p> Likewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.</p><p><blockquote>同样，我们也相信与人群在一起会带来安全。如果你是稀树草原上的斑马，那么如果你单独行动，就更有可能被捕食者叼走。这里的问题是成为人群的一部分——以及人群心理——把我们愚蠢到纯粹的情感层面。这就是为什么人群中的人们会做他们自己永远不会做的可怕事情。你有多聪明并不重要。当你加入人群时，你会失去很多智商点。基本情绪占据主导地位。</blockquote></p><p> To do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”</p><p><blockquote>要想在市场上做好，你必须抵消这些趋势。“霍华德说：”个人投资者和基金经理犯的最大错误之一就是情绪化。“放下你的情绪。”</blockquote></p><p> <b>Lesson #2: Have a system and stick to it</b></p><p><blockquote><b>第二课：建立一个系统并坚持下去</b></blockquote></p><p> To exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.</p><p><blockquote>要驱除情绪，要有一个系统。“霍华德说：”不要事后猜测。“这让你不会让大流行病或阿富汗把你吓出市场”。他评级了他的系统HCM-BuyLine。它基本上是一个动量和趋势跟踪系统——在市场上通常效果很好。</blockquote></p><p> The HCM-BuyLine basically works like this. First, rather than use the S&P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.</p><p><blockquote>HCM-BuyLine基本上是这样工作的。首先，霍华德没有使用标准普尔 500SPX（-0.03%）或道琼斯工业平均指数（-0.21%），而是混合了几个股票指数来创建自己的指数。然后他使用移动平均线来告诉他市场是处于上升趋势还是下降趋势。</blockquote></p><p> When the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.</p><p><blockquote>当移动平均线下跌3.5%时，他卖出35%。如果下跌 6.5%，他就再卖出 35%。他很少使用100%的现金。</blockquote></p><p> “If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”</p><p><blockquote>“他说：”如果买盘是积极的，无论如何我们都会长期持有。“我们让数学来决定，就能把所有的情绪都排除在外”。</blockquote></p><p> Right now, it’s bullish. (More on this below.)</p><p><blockquote>目前，情况看涨。（更多内容见下文。）</blockquote></p><p> Your system also has to tell you when to get back in.</p><p><blockquote>你的系统也必须告诉你什么时候回来。</blockquote></p><p> “That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.</p><p><blockquote>“他说：”这就是大多数人搞砸的地方。“他们退出了市场，却不知道什么时候才能重新进来”。当他的自定义指数连续六个交易日交易高于其移动平均线时，HCM-BuyLine 会发出买入信号，然后继续交易高于这六天的高点。</blockquote></p><p> You don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.</p><p><blockquote>你不需要一个能准确预测评级市场顶部或底部的系统。相反，买入线让霍华德在 85% 的时间里远离下跌市场，在 85% 的好时机里则保持下跌。</blockquote></p><p> “If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”</p><p><blockquote>“他说：”如果我们能坚持不懈地做到这一点，我们就能获得更高的回报，生活压力也会更小。“在糟糕的录音带中全神贯注并不好玩”。</blockquote></p><p> His system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.</p><p><blockquote>他的系统让他退出市场很慢，但让他回来很快。即使是10%的修正也不一定会让他离开。他经常买入这些回调。快速回归是有意义的，因为底部的复苏往往会很快发生。</blockquote></p><p> “The HCM-BuyLine takes all the emotion out of the process,” says Howard.</p><p><blockquote>“霍华德说：”HCM-BuyLine 消除了整个过程中的所有情绪。</blockquote></p><p> <b>Lesson #3: Don’t fight the tape</b></p><p><blockquote><b>第三课：不要与磁带对抗</b></blockquote></p><p> This concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”</p><p><blockquote>这一概念是马蒂-茨威格（Marty Zweig）经典著作《华尔街的胜利》（Winning on Wall Street）的核心智慧之一。</blockquote></p><p></p><p> “You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”</p><p><blockquote>“霍华德同意道：”你必须站在市场的正确一边。“如果你试图在糟糕的市场中进行多头交易，那将是痛苦的。”</blockquote></p><p> In other words, don’t try to be a hero.</p><p><blockquote>换句话说，不要试图成为英雄。</blockquote></p><p> “Sometimes, not losing money is where you want to be,” he says.</p><p><blockquote>“他说：”有时候，不赔钱才是你想要的。</blockquote></p><p> Likewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.</p><p><blockquote>同样，不要因为市场创下新高--比如现在--就变得谨慎。你应该喜欢新高，因为这是市场力量可能会持续的迹象。</blockquote></p><p> <b>Lesson #4: Keep it simple</b></p><p><blockquote><b>第4课：保持简单</b></blockquote></p><p> As you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.</p><p><blockquote>正如您将在下面看到的，霍华德并不使用衍生品、掉期或指数期权等深奥的工具。他甚至不交易外国股票或货币。这对个人投资者来说是令人耳目一新的，因为我们更难获得这些工具。</blockquote></p><p> “You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”</p><p><blockquote>“他说：”你不必交易疯狂的东西。“你可以交易普通的 ETF，击败所有人”。</blockquote></p><p> <b>Lesson #5: How to trade the current market</b></p><p><blockquote><b>第5课：如何交易当前市场</b></blockquote></p><p> First, be long.</p><p><blockquote>首先，做多。</blockquote></p><p> “The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”</p><p><blockquote>“HCM-BuyLine 非常积极。我们百分之百同意，”霍华德说。“市场正在扩大。这变得非常令人兴奋。我们认为市场不会很快好转。我们正在买入回调。”</blockquote></p><p> One bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”</p><p><blockquote>一个看涨信号是所有的现金都在观望。“如果科维德有任何缓解，我们可能会看到一场大反弹。我们最终可能会迎来一个伟大的秋季[赛季]。”</blockquote></p><p> Howard uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.</p><p><blockquote>霍华德还使用动量指标来选择股票和 ETF。对于行业，他倾向于以下几种。</blockquote></p><p> He likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.</p><p><blockquote>他喜欢医疗保健，可通过 iShares US HealthcareIYH,-0.04% 和 ProShares Ultra Health CareRXL,+0.12% ETF 进行交易。他越来越看好生物技术，他通过 iShares Biotechnology ETFIBB 投资生物技术，-0.11%。</blockquote></p><p> He likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and iShares SemiconductorSOXX,+0.75%.</p><p><blockquote>他喜欢通过 iShares US Consumer ServicesIYC 交易的非必需消费品， -0.30%， 以及通过 US Global JetsJETS 交易的航空公司， -1.17%.他还喜欢通过 Invesco QQQ TrustQQQ,+0.31%、iShares US TechnologyYYW,+0.50% 和 iShares SemiconductorSOXX,+0.75% 进行科技投资。</blockquote></p><p> He likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.</p><p><blockquote>他通过 Vanguard Small-Cap Growth Index FundVBK,+0.07% 看好小盘股。以及通过 SPDR Bloomberg Barclays Convertible Securities CWB,+0.64% 和 iShares Convertible BondICVT,+0.37% 看好可转换债券。</blockquote></p><p> As for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.</p><p><blockquote>至于个股，他特别提到了科技股中的微软MSFT（-0.00%）和苹果APL（+0.42%），以及亚马逊.comAMZN（+0.43%）和特斯拉TSLA（+0.16%）。</blockquote></p><p> Also consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.</p><p><blockquote>还可以考虑霍华德的两只 ETF： HCM Defender 100 IndexQQH,+0.62%，HCM Defender 500 IndexLGH,+1.32%。</blockquote></p><p> He prefers to add to holdings on 1%-3% dips.</p><p><blockquote>他更喜欢在下跌 1%-3% 时增持。</blockquote></p><p> <b>A few drawbacks</b></p><p><blockquote><b>一些缺点</b></blockquote></p><p> His HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.</p><p><blockquote>他的 HCM 战术增长基金自 2015 年推出以来，曾连续两年表现不佳，表现在 1.5% 至 8.8% 之间。随后，该基金强势回归，实现了上述非常积极的五年业绩。投资他的系统可能需要耐心。</blockquote></p><p> Every manager, including Warren Buffett, can have a stretch of underperformance, says Howard.</p><p><blockquote>霍华德说，包括沃伦·巴菲特在内的每个经理都可能经历一段时间的表现不佳。</blockquote></p><p> “We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”</p><p><blockquote>“他说：”我们正处于胜算之中。“即使在赔率游戏中，你也可能有一两手烂牌。”</blockquote></p><p> Another challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.</p><p><blockquote>另一个挑战是高流动率，战术增长每年为140%。这意味着山姆大叔在好年景里得到了很大的削减。因此，如果您购买霍华德的基金，您可能需要在税收保护账户中购买。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157895022","content_text":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.\nThat’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.\nHoward and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.\nHis HCM Tactical Growth Fund HCMGX,+0.35%beats its Russell 1000 benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.\nThere are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?\nSo-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.\nHere are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.\nLesson #1: Don’t be emotional\nIt’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.\nLikewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.\nTo do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”\nLesson #2: Have a system and stick to it\nTo exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.\nThe HCM-BuyLine basically works like this. First, rather than use the S&P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.\nWhen the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.\n“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”\nRight now, it’s bullish. (More on this below.)\nYour system also has to tell you when to get back in.\n“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.\nYou don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.\n“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”\nHis system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.\n“The HCM-BuyLine takes all the emotion out of the process,” says Howard.\nLesson #3: Don’t fight the tape\nThis concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”\n“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”\nIn other words, don’t try to be a hero.\n“Sometimes, not losing money is where you want to be,” he says.\nLikewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.\nLesson #4: Keep it simple\nAs you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.\n“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”\nLesson #5: How to trade the current market\nFirst, be long.\n“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”\nOne bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”\nHoward uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.\nHe likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.\nHe likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and iShares SemiconductorSOXX,+0.75%.\nHe likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.\nAs for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.\nAlso consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.\nHe prefers to add to holdings on 1%-3% dips.\nA few drawbacks\nHis HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.\nEvery manager, including Warren Buffett, can have a stretch of underperformance, says Howard.\n“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”\nAnother challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}