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- jktradejktrade
  ·2021-09-13
  If base on P/E ratio alone second cheapest
  Tech Stocks Roundup: Google is the 'Cheapest of FAANG'<blockquote>科技股综述：谷歌是“FAANG 中最便宜的”</blockquote>
  Apple (AAPL) investor expectations "remain muted" ahead of the computer giant's iPhone 13 unveiling
  Tech Stocks Roundup: Google is the 'Cheapest of FAANG'<blockquote>科技股综述：谷歌是“FAANG 中最便宜的”</blockquote>
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- jktradejktrade
  ·2021-09-12
  Democrats are shareholders?
  非常抱歉，此主贴已删除
  3,355 评论
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- jktradejktrade
  ·2021-09-12
  Turbocharge volatility, hell yes!
  非常抱歉，此主贴已删除
  2,452 评论
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- jktradejktrade
  ·2021-09-12
  Verizon?
  非常抱歉，此主贴已删除
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- jktradejktrade
  ·2021-09-11
  Plan does not sound concrete
  非常抱歉，此主贴已删除
  3,676 评论
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- jktradejktrade
  ·2021-09-11
  Are those managers still working in Google?
  非常抱歉，此主贴已删除
  4,260 评论
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- jktradejktrade
  ·2021-09-10
  Wasn't as dramatic as I expected
  非常抱歉，此主贴已删除
  2,345 评论
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- jktradejktrade
  ·2021-09-09
  The bleeding continues
  Most of China concepts stocks fell in premarket trading<blockquote>大多数中国概念股在盘前交易中下跌</blockquote>
  (Sept 9) Most of China concepts stocks fell in premarket trading.
  Most of China concepts stocks fell in premarket trading<blockquote>大多数中国概念股在盘前交易中下跌</blockquote>
  3,295 1
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- jktradejktrade
  ·2021-09-09
  If they are not greedy, you buy
  Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋天持谨慎态度。他们为什么担心。</blockquote>
  A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. Th
  Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋天持谨慎态度。他们为什么担心。</blockquote>
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- jktradejktrade
  ·2021-09-09
  How green electric cars are? Still debatable...
  非常抱歉，此主贴已删除
  3,633 评论
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base on P/E ratio alone second cheapest","listText":"If base on P/E ratio alone second cheapest","text":"If base on P/E ratio alone second cheapest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888519912","repostId":"1161862404","repostType":4,"repost":{"id":"1161862404","kind":"news","pubTimestamp":1631503206,"share":"https://www.laohunote.com/m/news/1161862404?lang=zh_CN&edition=full","pubTime":"2021-09-13 11:20","market":"us","language":"en","title":"Tech Stocks Roundup: Google is the 'Cheapest of FAANG'<blockquote>科技股综述：谷歌是“FAANG 中最便宜的”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161862404","media":"Thestreet","summary":"Apple (AAPL)  investor expectations \"remain muted\" ahead of the computer giant's iPhone 13 unveiling","content":"<p>Apple (AAPL)&nbsp; investor expectations \"remain muted\" ahead of the computer giant's iPhone 13 unveiling, setting up a busy fall with product launches, a Morgan Stanley analyst said.</p><p><blockquote>摩根士丹利分析师表示，在这家计算机巨头 iPhone 13 发布之前，苹果 (AAPL) 投资者的预期“仍然低迷”，这为产品发布带来了繁忙的秋季。</blockquote></p><p> Analyst Katy Huberty discussed investor expectations leading up to Apple's annual event, dubbed California Streaming, which is set for Tuesday. \"Investor expectations remain muted, which creates a compelling setup into the fall should early iPhone 13 data points outperform expectations,\" the analyst said in a research note.</p><p><blockquote>分析师凯蒂·休伯蒂 (Katy Huberty) 讨论了苹果公司定于周二举行的年度活动“加州流媒体”(California Streaming) 之前的投资者预期。这位分析师在一份研究报告中表示：“投资者的预期仍然低迷，如果 iPhone 13 早期数据点超出预期，这将为秋季创造一个引人注目的环境。”</blockquote></p><p> Huberty said that based on conversations with her Apple supply chain research colleagues, \"we expect the fall of 2021 to be another busy period of product launches, with the iPhone 13 family, the Apple Watch 7, AirPods, 3, new iPads, and new MacBook Pros with M1 all expected to be released before year-end.\"</p><p><blockquote>Huberty表示，根据与苹果供应链研究同事的交谈，“我们预计2021年秋季将是产品发布的又一个繁忙时期，iPhone 13系列、苹果Watch 7、AirPods、3、新款iPad以及搭载M1的新款MacBook Pro都有望在年底前发布。”</blockquote></p><p> Investors expect the iPhone 13 to be a more \"evolutionary\" product cycle with fewer significant technology upgrades compared with iPhone 12, she said. The analyst said the iPhone launch event has not been a major stock catalyst. Over the past seven years, Apple shares have risen just 1% on average in the week following the event.</p><p><blockquote>她表示，与 iPhone 12 相比，投资者预计 iPhone 13 将是一个更加“进化”的产品周期，重大技术升级较少。分析师表示，iPhone 发布会并不是股市的主要催化剂。过去七年来，苹果股价在事件发生后的一周内平均仅上涨 1%。</blockquote></p><p> \"Should early iPhone 13 demand data exceed buy-side expectations,\" Huberty said, \"we'd expect Apple shares to rerate higher and likely trade between our $168 base and $245 bull-case valuations, driven by both positive estimate revisions and multiple expansion.\"</p><p><blockquote>休伯蒂表示：“如果 iPhone 13 早期需求数据超出买方预期，我们预计苹果股价将被重新评级，并可能在我们 168 美元的基础估值和 245 美元的牛市估值之间交易，这得益于积极的预期修正和多重扩张。”</blockquote></p><p> In terms of positioning ahead of the event, Huberty said \"we still believe the majority of institutional investors are positioned as neutral to negative, despite the fact that Apple shares have rallied over 20% in the past 3 months following a number of App Store headlines that have resolved a handful of existing lawsuits/investigations.\"</p><p><blockquote>就活动前的定位而言，Huberty 表示，“我们仍然相信大多数机构投资者的定位是中性至负面，尽管在 App Store 的一些头条新闻解决了一些现有的诉讼/调查之后，苹果股价在过去 3 个月内上涨了 20% 以上。”</blockquote></p><p> Piper Sandler analyst Harsh Kumar raised the firm's price target on Apple to $175 from $165 and reiterated an overweight rating on the shares. Baird analysts boosted their price target for Apple to $170 from $160 a share, saying they \"continue to view [the] shares as attractive for long-term-oriented investors.\"</p><p><blockquote>Piper Sandler 分析师 Harsh Kumar 将该公司在苹果的目标价从 165 美元上调至 175 美元，并重申了该股的跑赢大盘评级。Baird 分析师将苹果的目标股价从每股 160 美元上调至 170 美元，并表示他们“仍然认为该股对长期投资者具有吸引力”。</blockquote></p><p> Apple and Alphabet's Google (GOOGL) - Get Alphabet Inc. Class A Report will be required under a new South Korean law to open their application stores to alternative payment systems. The bill was passed by South Korea’s National Assembly, The Wall Street Journal reported, and it is the first in the world to dent the companies’ dominance over how apps on their platforms sell their digital goods.</p><p><blockquote>根据韩国一项新法律，苹果和 Alphabet 旗下的谷歌（GOOGL）-获得Alphabet公司 A 类报告将需要向替代支付系统开放其应用商店。据《华尔街日报》报道，韩国国会通过了该法案，这是世界上第一个削弱公司对其平台上应用程序销售数字商品方式的主导地位的法案。</blockquote></p><p> The legislation amends South Korea’s Telecommunications Business Act to prevent large app-market operators from requiring the use of their in-app purchasing systems. It also bans operators from unreasonably delaying the approval of apps or deleting them from the marketplace. Companies that fail to comply could be fined up to 3% of their South Korean revenue by the Korea Communications Commission.</p><p><blockquote>该立法修订了韩国的《电信业务法》，以防止大型应用市场运营商要求使用其应用内购买系统。它还禁止运营商不合理地推迟应用程序的批准或从市场上删除它们。不遵守规定的公司可能会被韩国通信委员会处以最高 3% 的韩国收入罚款。</blockquote></p><p> The bill in Korea has been nicknamed the “Google power-abuse-prevention law” by some lawmakers and media. Google’s Play Store accounted for 75% of mobile app downloads globally in the second quarter. Apple accounted for 65% of app-store consumer spending on in-app purchases and subscriptions during the same quarter, the Journal reported, citing App Annie, a mobile-app analytics firm.</p><p><blockquote>该法案在韩国被一些立法者和媒体戏称为 “谷歌滥用权力预防法”。第二季度，谷歌的 Play 商店占全球移动应用下载量的 75%。《华尔街日报》援引移动应用分析公司 App Annie 的话报道称，同一季度，苹果占 App store 消费者应用内购买和订阅支出的 65%。</blockquote></p><p> Apple and Google are facing lawsuits and investigations in several countries.</p><p><blockquote>苹果和谷歌在多个国家面临诉讼和调查。</blockquote></p><p> Alphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS investing club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.</p><p><blockquote>Alphabet和苹果持有吉姆·克莱默的行动警报加投资俱乐部。想在吉姆·克莱默买卖这些股票之前收到提醒吗？立即了解更多。</blockquote></p><p> Here is a breakdown list of the technology and FAANG stocks to watch right now based on their performance over the past week:</p><p><blockquote>以下是根据过去一周的表现列出的当前值得关注的科技股和 FAANG 股票的细分列表：</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>Tech Stocks Roundup: Google is the 'Cheapest of FAANG'<blockquote>科技股综述：谷歌是“FAANG 中最便宜的”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\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\">\nTech Stocks Roundup: Google is the 'Cheapest of FAANG'<blockquote>科技股综述：谷歌是“FAANG 中最便宜的”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-09-13 11:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple (AAPL)&nbsp; investor expectations \"remain muted\" ahead of the computer giant's iPhone 13 unveiling, setting up a busy fall with product launches, a Morgan Stanley analyst said.</p><p><blockquote>摩根士丹利分析师表示，在这家计算机巨头 iPhone 13 发布之前，苹果 (AAPL) 投资者的预期“仍然低迷”，这为产品发布带来了繁忙的秋季。</blockquote></p><p> Analyst Katy Huberty discussed investor expectations leading up to Apple's annual event, dubbed California Streaming, which is set for Tuesday. \"Investor expectations remain muted, which creates a compelling setup into the fall should early iPhone 13 data points outperform expectations,\" the analyst said in a research note.</p><p><blockquote>分析师凯蒂·休伯蒂 (Katy Huberty) 讨论了苹果公司定于周二举行的年度活动“加州流媒体”(California Streaming) 之前的投资者预期。这位分析师在一份研究报告中表示：“投资者的预期仍然低迷，如果 iPhone 13 早期数据点超出预期，这将为秋季创造一个引人注目的环境。”</blockquote></p><p> Huberty said that based on conversations with her Apple supply chain research colleagues, \"we expect the fall of 2021 to be another busy period of product launches, with the iPhone 13 family, the Apple Watch 7, AirPods, 3, new iPads, and new MacBook Pros with M1 all expected to be released before year-end.\"</p><p><blockquote>Huberty表示，根据与苹果供应链研究同事的交谈，“我们预计2021年秋季将是产品发布的又一个繁忙时期，iPhone 13系列、苹果Watch 7、AirPods、3、新款iPad以及搭载M1的新款MacBook Pro都有望在年底前发布。”</blockquote></p><p> Investors expect the iPhone 13 to be a more \"evolutionary\" product cycle with fewer significant technology upgrades compared with iPhone 12, she said. The analyst said the iPhone launch event has not been a major stock catalyst. Over the past seven years, Apple shares have risen just 1% on average in the week following the event.</p><p><blockquote>她表示，与 iPhone 12 相比，投资者预计 iPhone 13 将是一个更加“进化”的产品周期，重大技术升级较少。分析师表示，iPhone 发布会并不是股市的主要催化剂。过去七年来，苹果股价在事件发生后的一周内平均仅上涨 1%。</blockquote></p><p> \"Should early iPhone 13 demand data exceed buy-side expectations,\" Huberty said, \"we'd expect Apple shares to rerate higher and likely trade between our $168 base and $245 bull-case valuations, driven by both positive estimate revisions and multiple expansion.\"</p><p><blockquote>休伯蒂表示：“如果 iPhone 13 早期需求数据超出买方预期，我们预计苹果股价将被重新评级，并可能在我们 168 美元的基础估值和 245 美元的牛市估值之间交易，这得益于积极的预期修正和多重扩张。”</blockquote></p><p> In terms of positioning ahead of the event, Huberty said \"we still believe the majority of institutional investors are positioned as neutral to negative, despite the fact that Apple shares have rallied over 20% in the past 3 months following a number of App Store headlines that have resolved a handful of existing lawsuits/investigations.\"</p><p><blockquote>就活动前的定位而言，Huberty 表示，“我们仍然相信大多数机构投资者的定位是中性至负面，尽管在 App Store 的一些头条新闻解决了一些现有的诉讼/调查之后，苹果股价在过去 3 个月内上涨了 20% 以上。”</blockquote></p><p> Piper Sandler analyst Harsh Kumar raised the firm's price target on Apple to $175 from $165 and reiterated an overweight rating on the shares. Baird analysts boosted their price target for Apple to $170 from $160 a share, saying they \"continue to view [the] shares as attractive for long-term-oriented investors.\"</p><p><blockquote>Piper Sandler 分析师 Harsh Kumar 将该公司在苹果的目标价从 165 美元上调至 175 美元，并重申了该股的跑赢大盘评级。Baird 分析师将苹果的目标股价从每股 160 美元上调至 170 美元，并表示他们“仍然认为该股对长期投资者具有吸引力”。</blockquote></p><p> Apple and Alphabet's Google (GOOGL) - Get Alphabet Inc. Class A Report will be required under a new South Korean law to open their application stores to alternative payment systems. The bill was passed by South Korea’s National Assembly, The Wall Street Journal reported, and it is the first in the world to dent the companies’ dominance over how apps on their platforms sell their digital goods.</p><p><blockquote>根据韩国一项新法律，苹果和 Alphabet 旗下的谷歌（GOOGL）-获得Alphabet公司 A 类报告将需要向替代支付系统开放其应用商店。据《华尔街日报》报道，韩国国会通过了该法案，这是世界上第一个削弱公司对其平台上应用程序销售数字商品方式的主导地位的法案。</blockquote></p><p> The legislation amends South Korea’s Telecommunications Business Act to prevent large app-market operators from requiring the use of their in-app purchasing systems. It also bans operators from unreasonably delaying the approval of apps or deleting them from the marketplace. Companies that fail to comply could be fined up to 3% of their South Korean revenue by the Korea Communications Commission.</p><p><blockquote>该立法修订了韩国的《电信业务法》，以防止大型应用市场运营商要求使用其应用内购买系统。它还禁止运营商不合理地推迟应用程序的批准或从市场上删除它们。不遵守规定的公司可能会被韩国通信委员会处以最高 3% 的韩国收入罚款。</blockquote></p><p> The bill in Korea has been nicknamed the “Google power-abuse-prevention law” by some lawmakers and media. Google’s Play Store accounted for 75% of mobile app downloads globally in the second quarter. Apple accounted for 65% of app-store consumer spending on in-app purchases and subscriptions during the same quarter, the Journal reported, citing App Annie, a mobile-app analytics firm.</p><p><blockquote>该法案在韩国被一些立法者和媒体戏称为 “谷歌滥用权力预防法”。第二季度，谷歌的 Play 商店占全球移动应用下载量的 75%。《华尔街日报》援引移动应用分析公司 App Annie 的话报道称，同一季度，苹果占 App store 消费者应用内购买和订阅支出的 65%。</blockquote></p><p> Apple and Google are facing lawsuits and investigations in several countries.</p><p><blockquote>苹果和谷歌在多个国家面临诉讼和调查。</blockquote></p><p> Alphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS investing club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.</p><p><blockquote>Alphabet和苹果持有吉姆·克莱默的行动警报加投资俱乐部。想在吉姆·克莱默买卖这些股票之前收到提醒吗？立即了解更多。</blockquote></p><p> Here is a breakdown list of the technology and FAANG stocks to watch right now based on their performance over the past week:</p><p><blockquote>以下是根据过去一周的表现列出的当前值得关注的科技股和 FAANG 股票的细分列表：</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/technology/tech-stocks-roundup-google-is-the-cheapest-of-faang?puc=yahoo&cm_ven=YAHOO\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://www.thestreet.com/technology/tech-stocks-roundup-google-is-the-cheapest-of-faang?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161862404","content_text":"Apple (AAPL)  investor expectations \"remain muted\" ahead of the computer giant's iPhone 13 unveiling, setting up a busy fall with product launches, a Morgan Stanley analyst said.\nAnalyst Katy Huberty discussed investor expectations leading up to Apple's annual event, dubbed California Streaming, which is set for Tuesday. \"Investor expectations remain muted, which creates a compelling setup into the fall should early iPhone 13 data points outperform expectations,\" the analyst said in a research note.\nHuberty said that based on conversations with her Apple supply chain research colleagues, \"we expect the fall of 2021 to be another busy period of product launches, with the iPhone 13 family, the Apple Watch 7, AirPods, 3, new iPads, and new MacBook Pros with M1 all expected to be released before year-end.\"\nInvestors expect the iPhone 13 to be a more \"evolutionary\" product cycle with fewer significant technology upgrades compared with iPhone 12, she said. The analyst said the iPhone launch event has not been a major stock catalyst. Over the past seven years, Apple shares have risen just 1% on average in the week following the event.\n\"Should early iPhone 13 demand data exceed buy-side expectations,\" Huberty said, \"we'd expect Apple shares to rerate higher and likely trade between our $168 base and $245 bull-case valuations, driven by both positive estimate revisions and multiple expansion.\"\nIn terms of positioning ahead of the event, Huberty said \"we still believe the majority of institutional investors are positioned as neutral to negative, despite the fact that Apple shares have rallied over 20% in the past 3 months following a number of App Store headlines that have resolved a handful of existing lawsuits/investigations.\"\nPiper Sandler analyst Harsh Kumar raised the firm's price target on Apple to $175 from $165 and reiterated an overweight rating on the shares. Baird analysts boosted their price target for Apple to $170 from $160 a share, saying they \"continue to view [the] shares as attractive for long-term-oriented investors.\"\nApple and Alphabet's Google (GOOGL) - Get Alphabet Inc. Class A Report will be required under a new South Korean law to open their application stores to alternative payment systems. The bill was passed by South Korea’s National Assembly, The Wall Street Journal reported, and it is the first in the world to dent the companies’ dominance over how apps on their platforms sell their digital goods.\nThe legislation amends South Korea’s Telecommunications Business Act to prevent large app-market operators from requiring the use of their in-app purchasing systems. It also bans operators from unreasonably delaying the approval of apps or deleting them from the marketplace. Companies that fail to comply could be fined up to 3% of their South Korean revenue by the Korea Communications Commission.\nThe bill in Korea has been nicknamed the “Google power-abuse-prevention law” by some lawmakers and media. Google’s Play Store accounted for 75% of mobile app downloads globally in the second quarter. Apple accounted for 65% of app-store consumer spending on in-app purchases and subscriptions during the same quarter, the Journal reported, citing App Annie, a mobile-app analytics firm.\nApple and Google are facing lawsuits and investigations in several countries.\nAlphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS investing club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.\nHere is a breakdown list of the technology and FAANG stocks to watch right now based on their performance over the past week:","news_type":1,"symbols_score_info":{"AAPL":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":4202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888019514,"gmtCreate":1631412746938,"gmtModify":1631889353794,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"Democrats are shareholders?","listText":"Democrats are shareholders?","text":"Democrats are shareholders?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888019514","repostId":"2166372458","repostType":4,"isVote":1,"tweetType":1,"viewCount":3355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888037761,"gmtCreate":1631412625753,"gmtModify":1631889353795,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"Turbocharge volatility, hell yes!","listText":"Turbocharge volatility, hell yes!","text":"Turbocharge volatility, hell yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888037761","repostId":"2166772293","repostType":4,"isVote":1,"tweetType":1,"viewCount":2452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888034767,"gmtCreate":1631412576159,"gmtModify":1631889353799,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"Verizon?","listText":"Verizon?","text":"Verizon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/888034767","repostId":"2166377772","repostType":4,"isVote":1,"tweetType":1,"viewCount":3370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881142499,"gmtCreate":1631320007211,"gmtModify":1631889353801,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"Plan does not sound concrete","listText":"Plan does not sound concrete","text":"Plan does not sound concrete","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881142499","repostId":"2166711113","repostType":4,"isVote":1,"tweetType":1,"viewCount":3676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881146554,"gmtCreate":1631319950078,"gmtModify":1631889353804,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"Are those managers still working in Google?","listText":"Are those managers still working in Google?","text":"Are those managers still working in Google?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881146554","repostId":"2166374133","repostType":4,"isVote":1,"tweetType":1,"viewCount":4260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883233580,"gmtCreate":1631242119040,"gmtModify":1631889353809,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"Wasn't as dramatic as I expected","listText":"Wasn't as dramatic as I expected","text":"Wasn't as dramatic as I expected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/883233580","repostId":"1117851011","repostType":4,"isVote":1,"tweetType":1,"viewCount":2345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889475486,"gmtCreate":1631175177845,"gmtModify":1631889353811,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"The bleeding continues","listText":"The bleeding continues","text":"The bleeding continues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889475486","repostId":"1176538965","repostType":4,"repost":{"id":"1176538965","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":1631174811,"share":"https://www.laohunote.com/m/news/1176538965?lang=zh_CN&edition=full","pubTime":"2021-09-09 16:06","market":"us","language":"en","title":"Most of China concepts stocks fell in premarket trading<blockquote>大多数中国概念股在盘前交易中下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176538965","media":"Tiger Newspress","summary":"(Sept 9)&nbsp;Most of China concepts stocks fell in premarket trading.","content":"<p>(Sept 9)&nbsp;Most of China concepts stocks fell in premarket trading.</p><p><blockquote>（9月9日）中国概念股盘前交易多数下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f1cc6e1e421893d8bebaea0dc552bf76\" tg-width=\"279\" tg-height=\"728\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Most of China concepts stocks fell in premarket trading<blockquote>大多数中国概念股在盘前交易中下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMost of China concepts stocks fell in premarket trading<blockquote>大多数中国概念股在盘前交易中下跌</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\">2021-09-09 16:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 9)&nbsp;Most of China concepts stocks fell in premarket trading.</p><p><blockquote>（9月9日）中国概念股盘前交易多数下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f1cc6e1e421893d8bebaea0dc552bf76\" tg-width=\"279\" tg-height=\"728\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176538965","content_text":"(Sept 9) Most of China concepts stocks fell in premarket trading.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889576025,"gmtCreate":1631163639467,"gmtModify":1631889353814,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"If they are not greedy, you buy","listText":"If they are not greedy, you buy","text":"If they are not greedy, you buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/889576025","repostId":"1152602866","repostType":4,"repost":{"id":"1152602866","kind":"news","pubTimestamp":1631153755,"share":"https://www.laohunote.com/m/news/1152602866?lang=zh_CN&edition=full","pubTime":"2021-09-09 10:15","market":"us","language":"en","title":"Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋天持谨慎态度。他们为什么担心。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152602866","media":"Barrons","summary":"A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. Th","content":"<p>A pair of Wall Street strategists have just come out with cautious&nbsp;outlooks for stocks&nbsp;this fall. They’re joining a growing chorus.</p><p><blockquote>两位华尔街策略师刚刚对今年秋季的股市做出了谨慎的展望。他们加入了一个不断壮大的合唱团。</blockquote></p><p> The macro markets experts are as bullish as ever on the ongoing economic recovery, but much less so on equities.Federal Reserve tapering, political drama, and pricey valuations could all trip up the stock market this fall.</p><p><blockquote>宏观市场专家一如既往地看好正在进行的经济复苏，但对股市却不那么乐观。美联储缩减规模、政治戏剧和昂贵的估值都可能导致今年秋天股市上涨。</blockquote></p><p> Andrew Sheets, chief cross-asset strategist at&nbsp;Morgan Stanley,sees a&nbsp;“bumpy” next few months, and consequently has downgraded U.S. stocks to the equivalent of Sell. And Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities, published a pair of S&amp;P 500 targets that imply near-term losses and an at-best flat market through the end of next year.</p><p><blockquote>摩根士丹利（Morgan Stanley）首席跨资产策略师安德鲁-希茨（Andrew Sheets）认为，未来几个月将 “坎坷”，因此将美股评级下调至相当于卖出的评级。美国银行证券 (BofA Securities) 美国股票和量化策略主管萨维塔·苏布拉马尼亚 (Savita Subramanian) 发布了两项标普500目标，这意味着近期将出现亏损，并且到明年年底市场充其量将持平。</blockquote></p><p> “Investor sentiment and valuations are extended—a lot of optimism is already priced in—and our Long-Term Valuation Model indicates negative returns for the S&amp;P 500 over the next decade (-0.8% annualized returns) for the first time since the Tech Bubble,” she writes.</p><p><blockquote>“她写道：”投资者情绪和估值都在延长--很多乐观情绪已经被消化--我们的长期估值模型显示，标普500在未来十年将出现负回报率（年化回报率为-0.8%），这是自科技泡沫以来的首次。</blockquote></p><p> Subramanian expects the S&amp;P 500 to fall to 4250 at the end of this year, down about 6% from current levels around 4500. She sees the index rebounding to 4600 by the end of 2022, which would be a gain of barely 2% from today.</p><p><blockquote>Subramanian 预计今年年底标普500将降至 4250，比目前 4500 左右的水平下降约 6%。她预计该指数将在 2022 年底反弹至 4600 点，较今天仅上涨 2%。</blockquote></p><p> Subramanian’s measure of investor sentiment—a contrarian indicator—is signaling euphoria, right when she’s beginning to worry about profit margins and earnings growth. She points to supply-chain disruptions and inflation in wages and input costs as coming headwinds to profitability. Add to that: Interest rates are likely to be higher rather than lower in the coming year—weighing on valuation multiples—and there’s not much for Subramanian to like on the S&amp;P 500 index level.</p><p><blockquote>苏布拉马尼亚衡量投资者情绪的指标--一个反向指标--正在发出欣喜若狂的信号，而此时她却开始担心利润率和盈利增长。她指出，供应链中断以及工资和投入成本的通胀是盈利能力的阻力。此外： 未来一年的利率可能会更高而不是更低--这将对估值倍数造成压力--苏布拉马尼亚在标普500指数层面上并没有什么值得称道的地方。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8fde875fdd5b4e849b888c5d1316da5\" tg-width=\"515\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Source:FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：事实集</span></p></blockquote></p><p> Sheets expects the Fed to announce its plans to begin reducing monthly asset purchases later this month, and for officials to also update their so-called “dot plot” of future interest-rate forecasts to show a faster-than-expected pace of hikes. Those should&nbsp;drive Treasury yields higher, Sheets argues, putting pressure on U.S. stocks.</p><p><blockquote>希茨预计，美联储将在本月晚些时候宣布开始减少每月资产购买的计划，官员们还将更新所谓的未来利率预测 “点阵图 ”，以显示加息速度快于预期。希茨认为，这些应该会推高国债收益率，给美国股市带来压力。</blockquote></p><p> Congressional wrangling over traditional and “social” infrastructure bills—and potential higher corporate and personal taxes—will produce some negative headlines in the coming weeks. And economic and earnings growth rates have likely already peaked for the current cycle, Sheets writes.</p><p><blockquote>国会就传统和 “社会 ”基础设施法案以及潜在的更高企业和个人税展开的争论将在未来几周产生一些负面头条新闻。Sheets 写道，当前周期的经济和盈利增长率可能已经见顶。</blockquote></p><p> Going forward, there are two ways he sees things going: More fiscal stimulus, less Covid-19, and continued rapid U.S. economic growth would encourage the Fed to tighten policy, pushing yields higher and stocks lower. Alternatively, slowing growth would be a challenge to pricey stocks, and could prompt a “growth scare” selloff.</p><p><blockquote>展望未来，他有两种看法：更多的财政刺激、更少的 Covid-19 以及美国经济持续快速增长将鼓励美联储收紧政策，推高收益率，降低股市。或者，增长放缓将对高价股构成挑战，并可能引发 “增长恐慌 ”抛售。</blockquote></p><p> Either way, the implication is for negative stock-market returns, and Sheets prefers European and Japanese equities to the S&amp;P 500. Morgan Stanley strategists have a mid-2022 S&amp;P 500 target of 4225, down about 6% from here.</p><p><blockquote>无论哪种方式，这都意味着股市回报为负，而 Sheets 更喜欢欧洲和日本股票而不是标普500。摩根士丹利策略师将 2022 年中期标普500目标定为 4225 股，较此前下降约 6%。</blockquote></p><p> “This is a normal dilemma,” Sheets writes. “After the initial post-recession bounce, growth usually moderates. An improving economy usually brings more cost pressure and inflation as demand rises and labour markets tighten. It usually means central banks shift to tighten policy.”</p><p><blockquote>“谢茨写道：”这是一个正常的困境。“在经济衰退后的最初反弹之后，经济增长通常会放缓。随着需求上升和劳动力市场收紧，经济的改善通常会带来更大的成本压力和通货膨胀。这通常意味着央行会转向收紧政策。”</blockquote></p><p> That’s not to say that an economic recession is on the horizon or that earnings will fall. It’s just a new phase in the cycle, and one in which the average stock doesn’t perform as well.</p><p><blockquote>这并不是说经济衰退即将来临，也不是说收益会下降。这只是周期中的一个新阶段，也是普通股票表现不佳的一个阶段。</blockquote></p><p> Subramanian agrees: “This environment is bullish for interest rates, inflation, and companies geared to U.S. economic growth,” she writes. “We see several areas of the market as well-positioned despite our more cautious outlook on equities: buy inflation-protected yield, and U.S. small caps.”</p><p><blockquote>苏布拉马尼亚对此表示赞同： “她写道：”这种环境对利率、通货膨胀和面向美国经济增长的公司都有利。“尽管我们对股票的前景更为谨慎，但我们认为市场的几个领域处于有利地位： 买入通胀保值收益率和美国小盘股”。</blockquote></p><p> Small caps tend to do well when economic growth is strong, and Subramanian sees potential benefits from greater infrastructure spending by the government and capex investment from companies in the coming year. Plus, cheaper relative valuations than large caps make small caps less of a lift.</p><p><blockquote>当经济增长强劲时，小盘股往往表现良好，苏布拉马尼亚认为，未来一年政府增加基础设施支出和企业资本支出投资可能会带来潜在好处。此外，比大盘股更便宜的相对估值使得小盘股的提升空间较小。</blockquote></p><p> The small-cap Russell 2000 index currently trades for about 29 times its estimated earnings over the next 12 months, versus its average of about 27.5 times over the past 25 years, according to data from Bloomberg. That compares with the S&amp;P 500 at more than 22 times forward earnings today and a long-term average around 17 times.</p><p><blockquote>根据彭博社的数据，小盘股罗素 2000 指数目前的交易价格约为未来 12 个月预期市盈率的 29 倍，而过去 25 年的平均价格约为 27.5 倍。相比之下，标普500目前的远期市盈率超过 22 倍，长期平均水平约为 17 倍。</blockquote></p><p> Inflation-protected yield means dividend-growth stocks. “Bonds offer yield with no inflation protection, commodities offer inflation exposure but no yield,” Subramanian writes. “Stocks sit in the middle: earnings, unlike bond yields, are nominal and grow with inflation.”</p><p><blockquote>通胀保值收益率意味着股息增长股票。“Subramanian 写道：”债券提供的收益率没有通胀保护，大宗商品提供的是通胀风险，但没有收益率。“股票处于中间位置： 与债券收益率不同，收益是名义上的，随着通货膨胀而增长”。</blockquote></p><p></p><p> In particular, Subramanian likes dividend-growth stocks in sectors like energy, financials, and materials which stand to benefit from a growing economy and faster-than-average inflation.</p><p><blockquote>苏布拉马尼亚尤其喜欢能源、金融和材料等行业的股息增长股票，这些行业将受益于经济增长和高于平均水平的通胀。</blockquote></p><p> Those could include&nbsp;Bank of America(ticker: BAC),Citigroup(C),Newmont(NEM),EOG Resources(EOG), or&nbsp;Pioneer Natural Resources(PXD), according to a&nbsp;<i>Barron’s</i>&nbsp;screen for dividend-growth stocks in those industries.</p><p><blockquote>据一份报告称，其中可能包括美国银行（股票代码：BAC）、花旗集团（C）、纽蒙特公司（NEM）、EOG Resources（EOG）或先锋自然资源公司（PXD）<i>巴伦</i>筛选这些行业的股息增长型股票。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋天持谨慎态度。他们为什么担心。</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\">\nWall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋天持谨慎态度。他们为什么担心。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-09 10:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A pair of Wall Street strategists have just come out with cautious&nbsp;outlooks for stocks&nbsp;this fall. They’re joining a growing chorus.</p><p><blockquote>两位华尔街策略师刚刚对今年秋季的股市做出了谨慎的展望。他们加入了一个不断壮大的合唱团。</blockquote></p><p> The macro markets experts are as bullish as ever on the ongoing economic recovery, but much less so on equities.Federal Reserve tapering, political drama, and pricey valuations could all trip up the stock market this fall.</p><p><blockquote>宏观市场专家一如既往地看好正在进行的经济复苏，但对股市却不那么乐观。美联储缩减规模、政治戏剧和昂贵的估值都可能导致今年秋天股市上涨。</blockquote></p><p> Andrew Sheets, chief cross-asset strategist at&nbsp;Morgan Stanley,sees a&nbsp;“bumpy” next few months, and consequently has downgraded U.S. stocks to the equivalent of Sell. And Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities, published a pair of S&amp;P 500 targets that imply near-term losses and an at-best flat market through the end of next year.</p><p><blockquote>摩根士丹利（Morgan Stanley）首席跨资产策略师安德鲁-希茨（Andrew Sheets）认为，未来几个月将 “坎坷”，因此将美股评级下调至相当于卖出的评级。美国银行证券 (BofA Securities) 美国股票和量化策略主管萨维塔·苏布拉马尼亚 (Savita Subramanian) 发布了两项标普500目标，这意味着近期将出现亏损，并且到明年年底市场充其量将持平。</blockquote></p><p> “Investor sentiment and valuations are extended—a lot of optimism is already priced in—and our Long-Term Valuation Model indicates negative returns for the S&amp;P 500 over the next decade (-0.8% annualized returns) for the first time since the Tech Bubble,” she writes.</p><p><blockquote>“她写道：”投资者情绪和估值都在延长--很多乐观情绪已经被消化--我们的长期估值模型显示，标普500在未来十年将出现负回报率（年化回报率为-0.8%），这是自科技泡沫以来的首次。</blockquote></p><p> Subramanian expects the S&amp;P 500 to fall to 4250 at the end of this year, down about 6% from current levels around 4500. She sees the index rebounding to 4600 by the end of 2022, which would be a gain of barely 2% from today.</p><p><blockquote>Subramanian 预计今年年底标普500将降至 4250，比目前 4500 左右的水平下降约 6%。她预计该指数将在 2022 年底反弹至 4600 点，较今天仅上涨 2%。</blockquote></p><p> Subramanian’s measure of investor sentiment—a contrarian indicator—is signaling euphoria, right when she’s beginning to worry about profit margins and earnings growth. She points to supply-chain disruptions and inflation in wages and input costs as coming headwinds to profitability. Add to that: Interest rates are likely to be higher rather than lower in the coming year—weighing on valuation multiples—and there’s not much for Subramanian to like on the S&amp;P 500 index level.</p><p><blockquote>苏布拉马尼亚衡量投资者情绪的指标--一个反向指标--正在发出欣喜若狂的信号，而此时她却开始担心利润率和盈利增长。她指出，供应链中断以及工资和投入成本的通胀是盈利能力的阻力。此外： 未来一年的利率可能会更高而不是更低--这将对估值倍数造成压力--苏布拉马尼亚在标普500指数层面上并没有什么值得称道的地方。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8fde875fdd5b4e849b888c5d1316da5\" tg-width=\"515\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Source:FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：事实集</span></p></blockquote></p><p> Sheets expects the Fed to announce its plans to begin reducing monthly asset purchases later this month, and for officials to also update their so-called “dot plot” of future interest-rate forecasts to show a faster-than-expected pace of hikes. Those should&nbsp;drive Treasury yields higher, Sheets argues, putting pressure on U.S. stocks.</p><p><blockquote>希茨预计，美联储将在本月晚些时候宣布开始减少每月资产购买的计划，官员们还将更新所谓的未来利率预测 “点阵图 ”，以显示加息速度快于预期。希茨认为，这些应该会推高国债收益率，给美国股市带来压力。</blockquote></p><p> Congressional wrangling over traditional and “social” infrastructure bills—and potential higher corporate and personal taxes—will produce some negative headlines in the coming weeks. And economic and earnings growth rates have likely already peaked for the current cycle, Sheets writes.</p><p><blockquote>国会就传统和 “社会 ”基础设施法案以及潜在的更高企业和个人税展开的争论将在未来几周产生一些负面头条新闻。Sheets 写道，当前周期的经济和盈利增长率可能已经见顶。</blockquote></p><p> Going forward, there are two ways he sees things going: More fiscal stimulus, less Covid-19, and continued rapid U.S. economic growth would encourage the Fed to tighten policy, pushing yields higher and stocks lower. Alternatively, slowing growth would be a challenge to pricey stocks, and could prompt a “growth scare” selloff.</p><p><blockquote>展望未来，他有两种看法：更多的财政刺激、更少的 Covid-19 以及美国经济持续快速增长将鼓励美联储收紧政策，推高收益率，降低股市。或者，增长放缓将对高价股构成挑战，并可能引发 “增长恐慌 ”抛售。</blockquote></p><p> Either way, the implication is for negative stock-market returns, and Sheets prefers European and Japanese equities to the S&amp;P 500. Morgan Stanley strategists have a mid-2022 S&amp;P 500 target of 4225, down about 6% from here.</p><p><blockquote>无论哪种方式，这都意味着股市回报为负，而 Sheets 更喜欢欧洲和日本股票而不是标普500。摩根士丹利策略师将 2022 年中期标普500目标定为 4225 股，较此前下降约 6%。</blockquote></p><p> “This is a normal dilemma,” Sheets writes. “After the initial post-recession bounce, growth usually moderates. An improving economy usually brings more cost pressure and inflation as demand rises and labour markets tighten. It usually means central banks shift to tighten policy.”</p><p><blockquote>“谢茨写道：”这是一个正常的困境。“在经济衰退后的最初反弹之后，经济增长通常会放缓。随着需求上升和劳动力市场收紧，经济的改善通常会带来更大的成本压力和通货膨胀。这通常意味着央行会转向收紧政策。”</blockquote></p><p> That’s not to say that an economic recession is on the horizon or that earnings will fall. It’s just a new phase in the cycle, and one in which the average stock doesn’t perform as well.</p><p><blockquote>这并不是说经济衰退即将来临，也不是说收益会下降。这只是周期中的一个新阶段，也是普通股票表现不佳的一个阶段。</blockquote></p><p> Subramanian agrees: “This environment is bullish for interest rates, inflation, and companies geared to U.S. economic growth,” she writes. “We see several areas of the market as well-positioned despite our more cautious outlook on equities: buy inflation-protected yield, and U.S. small caps.”</p><p><blockquote>苏布拉马尼亚对此表示赞同： “她写道：”这种环境对利率、通货膨胀和面向美国经济增长的公司都有利。“尽管我们对股票的前景更为谨慎，但我们认为市场的几个领域处于有利地位： 买入通胀保值收益率和美国小盘股”。</blockquote></p><p> Small caps tend to do well when economic growth is strong, and Subramanian sees potential benefits from greater infrastructure spending by the government and capex investment from companies in the coming year. Plus, cheaper relative valuations than large caps make small caps less of a lift.</p><p><blockquote>当经济增长强劲时，小盘股往往表现良好，苏布拉马尼亚认为，未来一年政府增加基础设施支出和企业资本支出投资可能会带来潜在好处。此外，比大盘股更便宜的相对估值使得小盘股的提升空间较小。</blockquote></p><p> The small-cap Russell 2000 index currently trades for about 29 times its estimated earnings over the next 12 months, versus its average of about 27.5 times over the past 25 years, according to data from Bloomberg. That compares with the S&amp;P 500 at more than 22 times forward earnings today and a long-term average around 17 times.</p><p><blockquote>根据彭博社的数据，小盘股罗素 2000 指数目前的交易价格约为未来 12 个月预期市盈率的 29 倍，而过去 25 年的平均价格约为 27.5 倍。相比之下，标普500目前的远期市盈率超过 22 倍，长期平均水平约为 17 倍。</blockquote></p><p> Inflation-protected yield means dividend-growth stocks. “Bonds offer yield with no inflation protection, commodities offer inflation exposure but no yield,” Subramanian writes. “Stocks sit in the middle: earnings, unlike bond yields, are nominal and grow with inflation.”</p><p><blockquote>通胀保值收益率意味着股息增长股票。“Subramanian 写道：”债券提供的收益率没有通胀保护，大宗商品提供的是通胀风险，但没有收益率。“股票处于中间位置： 与债券收益率不同，收益是名义上的，随着通货膨胀而增长”。</blockquote></p><p></p><p> In particular, Subramanian likes dividend-growth stocks in sectors like energy, financials, and materials which stand to benefit from a growing economy and faster-than-average inflation.</p><p><blockquote>苏布拉马尼亚尤其喜欢能源、金融和材料等行业的股息增长股票，这些行业将受益于经济增长和高于平均水平的通胀。</blockquote></p><p> Those could include&nbsp;Bank of America(ticker: BAC),Citigroup(C),Newmont(NEM),EOG Resources(EOG), or&nbsp;Pioneer Natural Resources(PXD), according to a&nbsp;<i>Barron’s</i>&nbsp;screen for dividend-growth stocks in those industries.</p><p><blockquote>据一份报告称，其中可能包括美国银行（股票代码：BAC）、花旗集团（C）、纽蒙特公司（NEM）、EOG Resources（EOG）或先锋自然资源公司（PXD）<i>巴伦</i>筛选这些行业的股息增长型股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/wall-street-strategists-are-cautious-about-this-fall-why-theyre-worried-51631131168?mod=hp_LEAD_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/wall-street-strategists-are-cautious-about-this-fall-why-theyre-worried-51631131168?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152602866","content_text":"A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. They’re joining a growing chorus.\nThe macro markets experts are as bullish as ever on the ongoing economic recovery, but much less so on equities.Federal Reserve tapering, political drama, and pricey valuations could all trip up the stock market this fall.\nAndrew Sheets, chief cross-asset strategist at Morgan Stanley,sees a “bumpy” next few months, and consequently has downgraded U.S. stocks to the equivalent of Sell. And Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities, published a pair of S&P 500 targets that imply near-term losses and an at-best flat market through the end of next year.\n“Investor sentiment and valuations are extended—a lot of optimism is already priced in—and our Long-Term Valuation Model indicates negative returns for the S&P 500 over the next decade (-0.8% annualized returns) for the first time since the Tech Bubble,” she writes.\nSubramanian expects the S&P 500 to fall to 4250 at the end of this year, down about 6% from current levels around 4500. She sees the index rebounding to 4600 by the end of 2022, which would be a gain of barely 2% from today.\nSubramanian’s measure of investor sentiment—a contrarian indicator—is signaling euphoria, right when she’s beginning to worry about profit margins and earnings growth. She points to supply-chain disruptions and inflation in wages and input costs as coming headwinds to profitability. Add to that: Interest rates are likely to be higher rather than lower in the coming year—weighing on valuation multiples—and there’s not much for Subramanian to like on the S&P 500 index level.\nSource:FactSet\nSheets expects the Fed to announce its plans to begin reducing monthly asset purchases later this month, and for officials to also update their so-called “dot plot” of future interest-rate forecasts to show a faster-than-expected pace of hikes. Those should drive Treasury yields higher, Sheets argues, putting pressure on U.S. stocks.\nCongressional wrangling over traditional and “social” infrastructure bills—and potential higher corporate and personal taxes—will produce some negative headlines in the coming weeks. And economic and earnings growth rates have likely already peaked for the current cycle, Sheets writes.\nGoing forward, there are two ways he sees things going: More fiscal stimulus, less Covid-19, and continued rapid U.S. economic growth would encourage the Fed to tighten policy, pushing yields higher and stocks lower. Alternatively, slowing growth would be a challenge to pricey stocks, and could prompt a “growth scare” selloff.\nEither way, the implication is for negative stock-market returns, and Sheets prefers European and Japanese equities to the S&P 500. Morgan Stanley strategists have a mid-2022 S&P 500 target of 4225, down about 6% from here.\n“This is a normal dilemma,” Sheets writes. “After the initial post-recession bounce, growth usually moderates. An improving economy usually brings more cost pressure and inflation as demand rises and labour markets tighten. It usually means central banks shift to tighten policy.”\nThat’s not to say that an economic recession is on the horizon or that earnings will fall. It’s just a new phase in the cycle, and one in which the average stock doesn’t perform as well.\nSubramanian agrees: “This environment is bullish for interest rates, inflation, and companies geared to U.S. economic growth,” she writes. “We see several areas of the market as well-positioned despite our more cautious outlook on equities: buy inflation-protected yield, and U.S. small caps.”\nSmall caps tend to do well when economic growth is strong, and Subramanian sees potential benefits from greater infrastructure spending by the government and capex investment from companies in the coming year. Plus, cheaper relative valuations than large caps make small caps less of a lift.\nThe small-cap Russell 2000 index currently trades for about 29 times its estimated earnings over the next 12 months, versus its average of about 27.5 times over the past 25 years, according to data from Bloomberg. That compares with the S&P 500 at more than 22 times forward earnings today and a long-term average around 17 times.\nInflation-protected yield means dividend-growth stocks. “Bonds offer yield with no inflation protection, commodities offer inflation exposure but no yield,” Subramanian writes. “Stocks sit in the middle: earnings, unlike bond yields, are nominal and grow with inflation.”\nIn particular, Subramanian likes dividend-growth stocks in sectors like energy, financials, and materials which stand to benefit from a growing economy and faster-than-average inflation.\nThose could include Bank of America(ticker: BAC),Citigroup(C),Newmont(NEM),EOG Resources(EOG), or Pioneer Natural Resources(PXD), according to a Barron’s screen for dividend-growth stocks in those industries.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889578399,"gmtCreate":1631163599811,"gmtModify":1631889353816,"author":{"id":"4087905137947130","authorId":"4087905137947130","name":"jktrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087905137947130","idStr":"4087905137947130"},"themes":[],"title":"","htmlText":"How green electric cars are? Still debatable...","listText":"How green electric cars are? Still debatable...","text":"How green electric cars are? Still debatable...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889578399","repostId":"2165399556","repostType":4,"isVote":1,"tweetType":1,"viewCount":3633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}