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- TahTah
  ·2021-10-06
  K
  Warren Buffett Loves This High-Yield Dividend Stock. Is it a Buy?
  This specialty company is a high-yield play at nearly 5%, and it's got a very durable business model.
  Warren Buffett Loves This High-Yield Dividend Stock. Is it a Buy?
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- TahTah
  ·2021-10-05
  K
  非常抱歉，此主贴已删除
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- TahTah
  ·2021-09-14
  K
  S&P 500 snaps losing streak with tax hikes, inflation data on horizon
  NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo
  S&P 500 snaps losing streak with tax hikes, inflation data on horizon
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- TahTah
  ·2021-09-04
  K
  非常抱歉，此主贴已删除
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- TahTah
  ·2021-08-26
  K
  4 Hospital Stocks Likely to Perform Well in 2H21
  The COVID-19 pandemic severely impacted hospital revenues in the United States. The first wave of th
  4 Hospital Stocks Likely to Perform Well in 2H21
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- TahTah
  ·2021-08-25
  Nice
  Wall St extends rally, pushing S&P 500 to 50th all-time high close this year
  NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesda
  Wall St extends rally, pushing S&P 500 to 50th all-time high close this year
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- TahTah
  ·2021-08-23
  K
  Fed's Jackson Hole Symposium, personal income and spending: What to know this week
  Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at
  Fed's Jackson Hole Symposium, personal income and spending: What to know this week
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- TahTah
  ·2021-08-08
  O
  非常抱歉，此主贴已删除
  1,087 评论
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- TahTah
  ·2021-08-06
  K
  非常抱歉，此主贴已删除
  980 评论
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- TahTah
  ·2021-08-05
  K
  Blackstone, Other Private-Equity Stocks Catch Fire
  The firms and their long-languishing shares are benefiting from current market dynamics such as low
  Blackstone, Other Private-Equity Stocks Catch Fire
  494 评论
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Is it a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2173091050","media":"Motley Fool","summary":"This specialty company is a high-yield play at nearly 5%, and it's got a very durable business model.","content":"<p>Do you like dividends? If so, you're in good company. Warren Buffett,&nbsp;the CEO of powerhouse investment company <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B), is fond of them too; Berkshire's equity portfolio is stuffed with companies that pay their shareholders on the regular.</p>\n<p>One stock in particular stands out. Not only does it have the fourth-highest yield of all 46 stocks in the portfolio, but Berkshire's position of more than $800 million gives Buffett's company a big 9% holding in the company. Read on to find out why Buffett and his team are all-in on this high-yield stock (which currently tips the scales at 4.7%).</p>\n<h3>A great store of value</h3>\n<p>Let's pull the curtain back: The stock in question is <b>Store Capital</b> (NYSE:STOR), which has the distinction of being Berkshire's only real estate investment trust (REIT). As a retail REIT, Store Capital owns and leases retail properties, specifically those operated by single tenants.</p>\n<p>But uniqueness in a portfolio and obvious affection from the investing master are not sufficient reasons for us to put money into a stock (plus, we should remember that Buffett has had his share of misfires -- for example, with troubled food giant <b>Kraft Heinz</b>).&nbsp;So let's explore whether or not Store Capital is a worthy buy for the average investor.</p>\n<p><img src=\"https://static.tigerbbs.com/8151e4a9b31770a27bc464b895522228\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>Buffett has always been drawn to companies with straightforward business models and reliable growth. Store Capital certainly ticks those boxes; in the pre-pandemic days, it did a fine job of increasing its revenue. In fact, it managed to nearly double its top line from 2016 to 2019, from just over $376 million to nearly $700 million. Adjusted funds from operations (or AFFO, the most meaningful profitability metric for REITs) leaped even higher, rising from $246 million in 2016 to $463 million in 2019.</p>\n<p>REITs are obligated to spend the vast bulk of their net profits on shareholder remuneration, which is why their dividends tend to be generous relative to other types of companies.</p>\n<p>Store Capital is no different, and thanks to that rising AFFO and bottom line, there always seems to be room for an increase. The REIT has boosted its quarterly dividend at least once annually since going public in late 2014. Across that not-quite-seven year stretch the payout has ballooned from slightly over $0.11 per share to the present level of $0.36.</p>\n<p>The coronavirus pandemic crashed hard into the retail sector, leading to store closures and a general reluctance among customers to leave their homes to shop. That would have been devastating for Store Capital had it not been so widely diversified. The company has properties in 49 states, only <a href=\"https://laohu8.com/S/AONE.U\">one</a> of which (Texas) comprises over 10% of the total dollar amount of that portfolio. The REIT is even more assertive in hedging its tenant list; no single renter is responsible for more than 3% of the total.</p>\n<p>As a result, compared to many other retail REITs (and the retail industry in general), Store Capital has done a good job threading its way through the pandemic. As the coronavirus spread last year, the company pulled back sharply on its typically busy acquisition activity, reducing its buys to a total of just over $800 million, down from $1.69 billion in 2019 and $1.63 billion in 2018.</p>\n<p>Still, $800 million is a big pile for asset buys. So that curtailed-yet-still-vibrant investment activity, combined with Store Capital's standard rent increases, helped the company actually grow its revenue for the year (it was up by over 4% compared to 2019). AFFO inched up by slightly more than 1% -- a pretty small number, but hey, in that environment any growth at all was an impressive feat.</p>\n<h3>Open doors and open wallets</h3>\n<p>So it stands to reason that as the coronavirus (hopefully) starts to recede in a big way as the threat of the delta variant decreases, Store Capital will be in a position to really rack it up. In announcing its second-quarter results in August, the company lifted its AFFO guidance for the full year to $1.94 to $1.97 per share from the previous $1.90-to-$1.96 range. If realized, this would be a meaningful improvement over 2020's $1.83.</p>\n<p>I think Store Capital's new forecast is still conservative. With recent large-scale vaccination mandates dealing hard blows to the coronavirus, even more people will escape their homes for bouts of shopping, to the point where crowds will be the rule and not the exception.</p>\n<p>When this happens, this REIT will start putting up some powerful growth numbers. Store Capital more than held its own during the pandemic; imagine how well it'll do in a much healthier and freer environment.</p>\n<p>We can also easily envision the company maintaining its dividend raise habit as we return to something approaching normal life. Investors, particularly dividend stock aficionados, should absolutely consider putting this stock in their shopping cart.</p>","source":"fool_stock","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>Warren Buffett Loves This High-Yield Dividend Stock. Is it a Buy?</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nWarren Buffett Loves This High-Yield Dividend Stock. Is it a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-06 22:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/06/warren-buffett-loves-this-high-yield-dividend-stoc/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you like dividends? If so, you're in good company. Warren Buffett, the CEO of powerhouse investment company Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), is fond of them too; Berkshire's equity ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/06/warren-buffett-loves-this-high-yield-dividend-stoc/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/06/warren-buffett-loves-this-high-yield-dividend-stoc/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173091050","content_text":"Do you like dividends? If so, you're in good company. Warren Buffett, the CEO of powerhouse investment company Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), is fond of them too; Berkshire's equity portfolio is stuffed with companies that pay their shareholders on the regular.\nOne stock in particular stands out. Not only does it have the fourth-highest yield of all 46 stocks in the portfolio, but Berkshire's position of more than $800 million gives Buffett's company a big 9% holding in the company. Read on to find out why Buffett and his team are all-in on this high-yield stock (which currently tips the scales at 4.7%).\nA great store of value\nLet's pull the curtain back: The stock in question is Store Capital (NYSE:STOR), which has the distinction of being Berkshire's only real estate investment trust (REIT). As a retail REIT, Store Capital owns and leases retail properties, specifically those operated by single tenants.\nBut uniqueness in a portfolio and obvious affection from the investing master are not sufficient reasons for us to put money into a stock (plus, we should remember that Buffett has had his share of misfires -- for example, with troubled food giant Kraft Heinz). So let's explore whether or not Store Capital is a worthy buy for the average investor.\n\nImage source: Getty Images.\nBuffett has always been drawn to companies with straightforward business models and reliable growth. Store Capital certainly ticks those boxes; in the pre-pandemic days, it did a fine job of increasing its revenue. In fact, it managed to nearly double its top line from 2016 to 2019, from just over $376 million to nearly $700 million. Adjusted funds from operations (or AFFO, the most meaningful profitability metric for REITs) leaped even higher, rising from $246 million in 2016 to $463 million in 2019.\nREITs are obligated to spend the vast bulk of their net profits on shareholder remuneration, which is why their dividends tend to be generous relative to other types of companies.\nStore Capital is no different, and thanks to that rising AFFO and bottom line, there always seems to be room for an increase. The REIT has boosted its quarterly dividend at least once annually since going public in late 2014. Across that not-quite-seven year stretch the payout has ballooned from slightly over $0.11 per share to the present level of $0.36.\nThe coronavirus pandemic crashed hard into the retail sector, leading to store closures and a general reluctance among customers to leave their homes to shop. That would have been devastating for Store Capital had it not been so widely diversified. The company has properties in 49 states, only one of which (Texas) comprises over 10% of the total dollar amount of that portfolio. The REIT is even more assertive in hedging its tenant list; no single renter is responsible for more than 3% of the total.\nAs a result, compared to many other retail REITs (and the retail industry in general), Store Capital has done a good job threading its way through the pandemic. As the coronavirus spread last year, the company pulled back sharply on its typically busy acquisition activity, reducing its buys to a total of just over $800 million, down from $1.69 billion in 2019 and $1.63 billion in 2018.\nStill, $800 million is a big pile for asset buys. So that curtailed-yet-still-vibrant investment activity, combined with Store Capital's standard rent increases, helped the company actually grow its revenue for the year (it was up by over 4% compared to 2019). AFFO inched up by slightly more than 1% -- a pretty small number, but hey, in that environment any growth at all was an impressive feat.\nOpen doors and open wallets\nSo it stands to reason that as the coronavirus (hopefully) starts to recede in a big way as the threat of the delta variant decreases, Store Capital will be in a position to really rack it up. In announcing its second-quarter results in August, the company lifted its AFFO guidance for the full year to $1.94 to $1.97 per share from the previous $1.90-to-$1.96 range. If realized, this would be a meaningful improvement over 2020's $1.83.\nI think Store Capital's new forecast is still conservative. With recent large-scale vaccination mandates dealing hard blows to the coronavirus, even more people will escape their homes for bouts of shopping, to the point where crowds will be the rule and not the exception.\nWhen this happens, this REIT will start putting up some powerful growth numbers. Store Capital more than held its own during the pandemic; imagine how well it'll do in a much healthier and freer environment.\nWe can also easily envision the company maintaining its dividend raise habit as we return to something approaching normal life. Investors, particularly dividend stock aficionados, should absolutely consider putting this stock in their shopping cart.","news_type":1,"symbols_score_info":{"STOR":0.9}},"isVote":1,"tweetType":1,"viewCount":1954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829905638,"gmtCreate":1633447472618,"gmtModify":1633447472792,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/829905638","repostId":"1129414233","repostType":4,"isVote":1,"tweetType":1,"viewCount":1297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":886204996,"gmtCreate":1631591167815,"gmtModify":1631891686870,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/886204996","repostId":"1178276551","repostType":4,"repost":{"id":"1178276551","kind":"news","pubTimestamp":1631574947,"share":"https://ttm.financial/m/news/1178276551?lang=&edition=full","pubTime":"2021-09-14 07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p>\n<p>The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p>\n<p>Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p>\n<p>“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p>\n<p>Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p>\n<p>The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p>\n<p>“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p>\n<p>Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p>\n<p>The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p>\n<p>Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p>\n<p>Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p>\n<p>Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p>\n<p>Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</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>S&P 500 snaps losing streak with tax hikes, inflation data on horizon</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815478532,"gmtCreate":1630716651726,"gmtModify":1631891686884,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815478532","repostId":"2164803577","repostType":4,"isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810462172,"gmtCreate":1629993441496,"gmtModify":1704954377849,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/810462172","repostId":"2162018556","repostType":4,"repost":{"id":"2162018556","kind":"news","pubTimestamp":1629992306,"share":"https://ttm.financial/m/news/2162018556?lang=&edition=full","pubTime":"2021-08-26 23:38","market":"us","language":"en","title":"4 Hospital Stocks Likely to Perform Well in 2H21","url":"https://stock-news.laohu8.com/highlight/detail?id=2162018556","media":"Zacks","summary":"The COVID-19 pandemic severely impacted hospital revenues in the United States. The first wave of th","content":"<p>The COVID-19 pandemic severely impacted hospital revenues in the United States. The first wave of the pandemic hit Americans hard and people got infected on a massive scale. The scenario compelled hospitals to suspend non-emergency procedures and treat numerous cases of coronavirus infections. Pandemic-induced lockdowns compunded the miseries further as supply chains got disrupted, which led to hospitals incurring huge amount of costs for obtaining personal protective equipment (PPE) kits and specific medical supplies required for COVID-19 treatment. This, in turn, put pressure on margins of most healthcare systems.</p>\n<p>However, following the dismal period, hospitals seem to be on a gradual path of recovery. This is evident from growing revenues, admissions, widespread vaccination programs, constant acquisitions and mergers, and constant technological advancements. Besides, funds offered through the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act have been contributing to the recovery. Although woes related to delay in vaccine supply and distribution, and new variants of the virus linger, the aforementioned factors are anticipated to aid the hospitals’ performance in the second half of 2021.</p>\n<h3>Growth in Patient Volumes</h3>\n<p>After bearing the brunt of the pandemic, revenues of several hospitals are bouncing back. The top-line recovery can primarily be attributed to surge in admissions and outpatient visits. With widespread vaccination programs, individuals, who were previously apprehensive of primary care and other specialty care visits in fears of contracting COVID-19, have become more optimistic regarding hospital visits. As stated in the Kaufman Hall report, the hospitals and health systems are expected to witness continued margin improvement, volume increases and revenue growth in the days ahead compared to significant losses incurred in the initial months of COVID-19 pandemic.</p>\n<h3>Pursuing M&amp;A Strategy</h3>\n<p>Hospitals have been intensifying focus on mergers and acquisitions (M&amp;A), which have added facilities and beds to their network, boosted business scale and expanded geographical presence. The primary aim behind these deals is to enhance the quality of care and bring about diversification benefits, which is crucial to strengthening <a href=\"https://laohu8.com/S/AONE.U\">one</a>’s market position.</p>\n<p>The M&amp;A deals suffered a blow due to the pandemic-induced volatilities and several such deals were put on hold. Nevertheless, extensive vaccinations and gradual recovery of the global economy will increase companies’ spending capabilities. This, in turn, will pave the way for more deals particularly in healthcare-related businesses, as stated in the Healthcare Innovation website. Statement of M&amp;A bankers at&nbsp;<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, “All the elements are there for an active M&amp;A market in 2021”, further reinforces a busy M&amp;A market this year.</p>\n<h3>Continuous Technology Upgradations</h3>\n<p>Most hospitals undertook significant investments in developing virtual solutions aimed at catering to patient needs without the need of a hospital visit. The importance of telehealth services gained prominence amid the dismal period as it seemed to be the only feasible option to seek minimum help from home while minimizing infection risks. Per Fitch Ratings, healthcare providers are expected to benefit from growing adoption of telehealth services. These services have generated a steady revenue stream for hospitals, which have been grappling with revenue losses due to deferred elective or suspended non-COVID-19 procedures.</p>\n<h3>Will the Momentum Stay?</h3>\n<p>We believe that the future prospects of the hospital industry are bright despite several challenges stemming from the COVID-19 pandemic.</p>\n<p>The overall bullish scenario makes us optimistic regarding consistent growth in the hospital industry, which should boost prospects of companies with sound business fundamentals. The Zacks Hospital Industry, which is housed within the broader Zacks Medical sector, currently carries a Zacks Industry Rank #23, which places it in the top 9% of more than 250 Zacks industries.</p>\n<p>The Zacks Hospital industry has advanced 78.7% in the past year, against the Medical sector’s decline of 1.6%. The S&amp;P Index rallied 30.1% in the same time frame.</p>\n<p><img src=\"https://static.tigerbbs.com/63aefa3cab5f060e0e014ca8ce121922\" tg-width=\"620\" tg-height=\"257\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image Source: Zacks Investment Research</p>\n<h3>Stocks that Warrant a Look</h3>\n<p>These four hospital stocks hold ample growth prospects to retain sound performance in the days ahead. Here are four stocks that have a Zacks Rank #2 (Buy) or 3 (Hold) presently and an attractive Value Score. </p>\n<p><b><a href=\"https://laohu8.com/S/UHS\">Universal Health</a></b>’s top line has been riding on the back of Acute Care and Behavioral Health platforms. In the first half of 2021, adjusted admissions increased 4.7% and 3.8%, at Acute Care and Behavioral Health segments, respectively, from the prior-year comparable period, which contributed to revenue growth. Accretive acquisitions and robust capital position instill confidence in the stock. The company currently has a Zacks Rank #2 and a Value Score of A. Over the past 30 days, the stock has seen its current-year earnings estimate being revised upward by 10.2%. In a year’s time, the stock has gained 38.6% compared with its industry’s rally of 78.7%.</p>\n<p><b><a href=\"https://laohu8.com/S/ACHC\">Acadia Healthcare</a> Company, Inc. </b>is riding on the back of its top-line growth driven by an increase of 6.9% in admissions across its U.S. business in the first half of 2021. The company has been undertaking constant buyouts and joint ventures, in a bid to expand its product portfolio. The company currently has a Zacks Rank of 2 and a Value Score of B. The stock has witnessed its 2021 earnings estimate move north by 4.9% over the past 30 days. Shares of the company have surged 108.8% in a year.</p>\n<p><b><a href=\"https://laohu8.com/S/HCA\">HCA Holdings Inc</a></b>’s revenues have rebounded on the back of rise in admissions and outpatient surgeries. Total admissions in the first half of this year increased 5.8% year over year. A solid balance sheet and sound cash flows enable the company to engage in inorganic growth initiatives such as undertaking buyouts and collaborations. Its solid 2021 guidance is impressive as well. It has a Value Score of B and a Zacks Rank #2. Over the past 30 days, the stock has seen its current-year earnings estimate being revised upward by 1.7%. In a year, shares of HCA Healthcare have soared 87.5%.</p>\n<p><b><a href=\"https://laohu8.com/S/THC\">Tenet Healthcare</a> </b><b>Corporation</b> is gaining on the back of acquisitions and strategic alliances aimed at boosting scale of business. Its cost-management program has successfully reduced the company’s operating expenses. The company currently has a Zacks Rank #3 and a Value Score of A. Over the past 30 days, the stock has seen its current-year earnings estimate being revised upward by 0.9%. In a year’s time, the stock has surged 164.1%.</p>","source":"yahoofinance","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>4 Hospital Stocks Likely to Perform Well in 2H21</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n4 Hospital Stocks Likely to Perform Well in 2H21\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-26 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/4-hospital-stocks-likely-perform-131801556.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The COVID-19 pandemic severely impacted hospital revenues in the United States. The first wave of the pandemic hit Americans hard and people got infected on a massive scale. The scenario compelled ...</p>\n\n<a href=\"https://finance.yahoo.com/news/4-hospital-stocks-likely-perform-131801556.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACHC":"阿卡迪亚医疗保健公司","UHS":"Universal Health Services Inc Cl","THC":"泰尼特"},"source_url":"https://finance.yahoo.com/news/4-hospital-stocks-likely-perform-131801556.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2162018556","content_text":"The COVID-19 pandemic severely impacted hospital revenues in the United States. The first wave of the pandemic hit Americans hard and people got infected on a massive scale. The scenario compelled hospitals to suspend non-emergency procedures and treat numerous cases of coronavirus infections. Pandemic-induced lockdowns compunded the miseries further as supply chains got disrupted, which led to hospitals incurring huge amount of costs for obtaining personal protective equipment (PPE) kits and specific medical supplies required for COVID-19 treatment. This, in turn, put pressure on margins of most healthcare systems.\nHowever, following the dismal period, hospitals seem to be on a gradual path of recovery. This is evident from growing revenues, admissions, widespread vaccination programs, constant acquisitions and mergers, and constant technological advancements. Besides, funds offered through the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act have been contributing to the recovery. Although woes related to delay in vaccine supply and distribution, and new variants of the virus linger, the aforementioned factors are anticipated to aid the hospitals’ performance in the second half of 2021.\nGrowth in Patient Volumes\nAfter bearing the brunt of the pandemic, revenues of several hospitals are bouncing back. The top-line recovery can primarily be attributed to surge in admissions and outpatient visits. With widespread vaccination programs, individuals, who were previously apprehensive of primary care and other specialty care visits in fears of contracting COVID-19, have become more optimistic regarding hospital visits. As stated in the Kaufman Hall report, the hospitals and health systems are expected to witness continued margin improvement, volume increases and revenue growth in the days ahead compared to significant losses incurred in the initial months of COVID-19 pandemic.\nPursuing M&A Strategy\nHospitals have been intensifying focus on mergers and acquisitions (M&A), which have added facilities and beds to their network, boosted business scale and expanded geographical presence. The primary aim behind these deals is to enhance the quality of care and bring about diversification benefits, which is crucial to strengthening one’s market position.\nThe M&A deals suffered a blow due to the pandemic-induced volatilities and several such deals were put on hold. Nevertheless, extensive vaccinations and gradual recovery of the global economy will increase companies’ spending capabilities. This, in turn, will pave the way for more deals particularly in healthcare-related businesses, as stated in the Healthcare Innovation website. Statement of M&A bankers at Morgan Stanley, “All the elements are there for an active M&A market in 2021”, further reinforces a busy M&A market this year.\nContinuous Technology Upgradations\nMost hospitals undertook significant investments in developing virtual solutions aimed at catering to patient needs without the need of a hospital visit. The importance of telehealth services gained prominence amid the dismal period as it seemed to be the only feasible option to seek minimum help from home while minimizing infection risks. Per Fitch Ratings, healthcare providers are expected to benefit from growing adoption of telehealth services. These services have generated a steady revenue stream for hospitals, which have been grappling with revenue losses due to deferred elective or suspended non-COVID-19 procedures.\nWill the Momentum Stay?\nWe believe that the future prospects of the hospital industry are bright despite several challenges stemming from the COVID-19 pandemic.\nThe overall bullish scenario makes us optimistic regarding consistent growth in the hospital industry, which should boost prospects of companies with sound business fundamentals. The Zacks Hospital Industry, which is housed within the broader Zacks Medical sector, currently carries a Zacks Industry Rank #23, which places it in the top 9% of more than 250 Zacks industries.\nThe Zacks Hospital industry has advanced 78.7% in the past year, against the Medical sector’s decline of 1.6%. The S&P Index rallied 30.1% in the same time frame.\n\nImage Source: Zacks Investment Research\nStocks that Warrant a Look\nThese four hospital stocks hold ample growth prospects to retain sound performance in the days ahead. Here are four stocks that have a Zacks Rank #2 (Buy) or 3 (Hold) presently and an attractive Value Score. \nUniversal Health’s top line has been riding on the back of Acute Care and Behavioral Health platforms. In the first half of 2021, adjusted admissions increased 4.7% and 3.8%, at Acute Care and Behavioral Health segments, respectively, from the prior-year comparable period, which contributed to revenue growth. Accretive acquisitions and robust capital position instill confidence in the stock. The company currently has a Zacks Rank #2 and a Value Score of A. Over the past 30 days, the stock has seen its current-year earnings estimate being revised upward by 10.2%. In a year’s time, the stock has gained 38.6% compared with its industry’s rally of 78.7%.\nAcadia Healthcare Company, Inc. is riding on the back of its top-line growth driven by an increase of 6.9% in admissions across its U.S. business in the first half of 2021. The company has been undertaking constant buyouts and joint ventures, in a bid to expand its product portfolio. The company currently has a Zacks Rank of 2 and a Value Score of B. The stock has witnessed its 2021 earnings estimate move north by 4.9% over the past 30 days. Shares of the company have surged 108.8% in a year.\nHCA Holdings Inc’s revenues have rebounded on the back of rise in admissions and outpatient surgeries. Total admissions in the first half of this year increased 5.8% year over year. A solid balance sheet and sound cash flows enable the company to engage in inorganic growth initiatives such as undertaking buyouts and collaborations. Its solid 2021 guidance is impressive as well. It has a Value Score of B and a Zacks Rank #2. Over the past 30 days, the stock has seen its current-year earnings estimate being revised upward by 1.7%. In a year, shares of HCA Healthcare have soared 87.5%.\nTenet Healthcare Corporation is gaining on the back of acquisitions and strategic alliances aimed at boosting scale of business. Its cost-management program has successfully reduced the company’s operating expenses. The company currently has a Zacks Rank #3 and a Value Score of A. Over the past 30 days, the stock has seen its current-year earnings estimate being revised upward by 0.9%. In a year’s time, the stock has surged 164.1%.","news_type":1,"symbols_score_info":{"ACHC":0.9,"THC":0.9,"UHS":0.9}},"isVote":1,"tweetType":1,"viewCount":1104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837566104,"gmtCreate":1629900281608,"gmtModify":1631891686908,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/837566104","repostId":"2162087564","repostType":4,"repost":{"id":"2162087564","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629836173,"share":"https://ttm.financial/m/news/2162087564?lang=&edition=full","pubTime":"2021-08-25 04:16","market":"us","language":"en","title":"Wall St extends rally, pushing S&P 500 to 50th all-time high close this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2162087564","media":"Reuters","summary":"NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesda","content":"<p>NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.</p>\n<p>All three major U.S. stock indexes advanced higher, with the S&amp;P 500 and the Nasdaq closing at all-time closing highs.</p>\n<p>The session marked the S&amp;P 500's 50th record high close so far this year.</p>\n<p>Tech and tech-adjacent megacaps were once again doing the heavy lifting, but economically sensitive cyclicals and smallcaps&nbsp;outperformed the broader market.</p>\n<p>\"Investors are looking at the horizon at the big Jackson Hole meeting on the horizon,\" Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, referring to the Federal Reserve’s annual economic symposium on Friday. \"But for now the feel-good from yesterday’s vaccine news is still in the air.\"</p>\n<p>The Food and Drug Administration's full approval of the Pfizer-BioNTech COVID-19 vaccine on Monday fueled optimism over economic recovery which spilled into Tuesday's session.</p>\n<p>Travel and leisure sectors, associated with economic re-engagement, outperformed the broader market. The S&amp;P 1500 Airline and Hotel/Restaurant/Leisure indexes gained up 3.7% and 1.6%, respectively.</p>\n<p>\"We have energy, retail, travel, leisure, financials, and small caps all doing well today,\" Detrick said. \"And that’s a sign that the reopening is alive and well.\"</p>\n<p>Recent economic indicators suggest the recovery from the most abrupt recession in U.S. history is headed in the right direction, but not to the extent that is likely to prompt the Fed to tighten its dovish monetary policy.</p>\n<p>Fed Chair Jerome Powell is due to meet with other world bank leaders when the Jackson Hole Symposium convenes later this week, and his remarks will be closely parsed for any clues regarding the Fed's tapering of asset purchases and hiking key interest rates.</p>\n<p>The event will take place virtually and not in person due to the spread of COVID-19 in the county, which has reduced expectations that any major announcement will be made at the event.</p>\n<p>\"The fact that the Fed is having a virtual (Jackson Hole) meeting tells you that they might be thinking maybe they need to keep supporting the economy,\" said Detrick.</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 30.55 points, or 0.09%, to 35,366.26, the S&amp;P 500&nbsp;gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite&nbsp;added 77.15 points, or 0.52%, to 15,019.80.</p>\n<p>Energy&nbsp;was the top gainer among the 11 major sectors in the S&amp;P 500, boosted by the continued rally in crude prices.</p>\n<p>Best Buy Co Inc&nbsp;jumped 8.3% after the electronics retailer beat analyst earnings expectations and raised its full year sales forecast.</p>\n<p>U.S.-listed shares of China-based e-commerce platform Pinduoduo Inc&nbsp;surged 22.2% after reporting its first ever quarterly profit.</p>\n<p>JD.com&nbsp;gained 14.4% in the wake of the Chinese online retailer's remarks on Monday that it does not expect any business impact from a wave of regulations hitting the industry at home.</p>\n<p>Other shares of Chinese companies listed on U.S. exchanges were bouncing back as well, with the Invesco Golden Dragon ETF&nbsp;jumping 8.0%.</p>\n<p>Cybersecurity firm <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc&nbsp;advanced18.6% as brokerages raised their price targets following its full-year forecast beat.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.17-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 28 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 96 new highs and 37 new lows.</p>\n<p>Volume on U.S. exchanges was 8.97 billion shares, compared with the 9.08 billion average over the last 20 trading days.</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>Wall St extends rally, pushing S&P 500 to 50th all-time high close this year</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 St extends rally, pushing S&P 500 to 50th all-time high close this year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-25 04:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.</p>\n<p>All three major U.S. stock indexes advanced higher, with the S&amp;P 500 and the Nasdaq closing at all-time closing highs.</p>\n<p>The session marked the S&amp;P 500's 50th record high close so far this year.</p>\n<p>Tech and tech-adjacent megacaps were once again doing the heavy lifting, but economically sensitive cyclicals and smallcaps&nbsp;outperformed the broader market.</p>\n<p>\"Investors are looking at the horizon at the big Jackson Hole meeting on the horizon,\" Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, referring to the Federal Reserve’s annual economic symposium on Friday. \"But for now the feel-good from yesterday’s vaccine news is still in the air.\"</p>\n<p>The Food and Drug Administration's full approval of the Pfizer-BioNTech COVID-19 vaccine on Monday fueled optimism over economic recovery which spilled into Tuesday's session.</p>\n<p>Travel and leisure sectors, associated with economic re-engagement, outperformed the broader market. The S&amp;P 1500 Airline and Hotel/Restaurant/Leisure indexes gained up 3.7% and 1.6%, respectively.</p>\n<p>\"We have energy, retail, travel, leisure, financials, and small caps all doing well today,\" Detrick said. \"And that’s a sign that the reopening is alive and well.\"</p>\n<p>Recent economic indicators suggest the recovery from the most abrupt recession in U.S. history is headed in the right direction, but not to the extent that is likely to prompt the Fed to tighten its dovish monetary policy.</p>\n<p>Fed Chair Jerome Powell is due to meet with other world bank leaders when the Jackson Hole Symposium convenes later this week, and his remarks will be closely parsed for any clues regarding the Fed's tapering of asset purchases and hiking key interest rates.</p>\n<p>The event will take place virtually and not in person due to the spread of COVID-19 in the county, which has reduced expectations that any major announcement will be made at the event.</p>\n<p>\"The fact that the Fed is having a virtual (Jackson Hole) meeting tells you that they might be thinking maybe they need to keep supporting the economy,\" said Detrick.</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 30.55 points, or 0.09%, to 35,366.26, the S&amp;P 500&nbsp;gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite&nbsp;added 77.15 points, or 0.52%, to 15,019.80.</p>\n<p>Energy&nbsp;was the top gainer among the 11 major sectors in the S&amp;P 500, boosted by the continued rally in crude prices.</p>\n<p>Best Buy Co Inc&nbsp;jumped 8.3% after the electronics retailer beat analyst earnings expectations and raised its full year sales forecast.</p>\n<p>U.S.-listed shares of China-based e-commerce platform Pinduoduo Inc&nbsp;surged 22.2% after reporting its first ever quarterly profit.</p>\n<p>JD.com&nbsp;gained 14.4% in the wake of the Chinese online retailer's remarks on Monday that it does not expect any business impact from a wave of regulations hitting the industry at home.</p>\n<p>Other shares of Chinese companies listed on U.S. exchanges were bouncing back as well, with the Invesco Golden Dragon ETF&nbsp;jumping 8.0%.</p>\n<p>Cybersecurity firm <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc&nbsp;advanced18.6% as brokerages raised their price targets following its full-year forecast beat.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.17-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 28 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 96 new highs and 37 new lows.</p>\n<p>Volume on U.S. exchanges was 8.97 billion shares, compared with the 9.08 billion average over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","SPY":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162087564","content_text":"NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.\nAll three major U.S. stock indexes advanced higher, with the S&P 500 and the Nasdaq closing at all-time closing highs.\nThe session marked the S&P 500's 50th record high close so far this year.\nTech and tech-adjacent megacaps were once again doing the heavy lifting, but economically sensitive cyclicals and smallcaps outperformed the broader market.\n\"Investors are looking at the horizon at the big Jackson Hole meeting on the horizon,\" Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, referring to the Federal Reserve’s annual economic symposium on Friday. \"But for now the feel-good from yesterday’s vaccine news is still in the air.\"\nThe Food and Drug Administration's full approval of the Pfizer-BioNTech COVID-19 vaccine on Monday fueled optimism over economic recovery which spilled into Tuesday's session.\nTravel and leisure sectors, associated with economic re-engagement, outperformed the broader market. The S&P 1500 Airline and Hotel/Restaurant/Leisure indexes gained up 3.7% and 1.6%, respectively.\n\"We have energy, retail, travel, leisure, financials, and small caps all doing well today,\" Detrick said. \"And that’s a sign that the reopening is alive and well.\"\nRecent economic indicators suggest the recovery from the most abrupt recession in U.S. history is headed in the right direction, but not to the extent that is likely to prompt the Fed to tighten its dovish monetary policy.\nFed Chair Jerome Powell is due to meet with other world bank leaders when the Jackson Hole Symposium convenes later this week, and his remarks will be closely parsed for any clues regarding the Fed's tapering of asset purchases and hiking key interest rates.\nThe event will take place virtually and not in person due to the spread of COVID-19 in the county, which has reduced expectations that any major announcement will be made at the event.\n\"The fact that the Fed is having a virtual (Jackson Hole) meeting tells you that they might be thinking maybe they need to keep supporting the economy,\" said Detrick.\nThe Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.\nEnergy was the top gainer among the 11 major sectors in the S&P 500, boosted by the continued rally in crude prices.\nBest Buy Co Inc jumped 8.3% after the electronics retailer beat analyst earnings expectations and raised its full year sales forecast.\nU.S.-listed shares of China-based e-commerce platform Pinduoduo Inc surged 22.2% after reporting its first ever quarterly profit.\nJD.com gained 14.4% in the wake of the Chinese online retailer's remarks on Monday that it does not expect any business impact from a wave of regulations hitting the industry at home.\nOther shares of Chinese companies listed on U.S. exchanges were bouncing back as well, with the Invesco Golden Dragon ETF jumping 8.0%.\nCybersecurity firm Palo Alto Networks Inc advanced18.6% as brokerages raised their price targets following its full-year forecast beat.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.17-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.\nThe S&P 500 posted 28 new 52-week highs and one new low; the Nasdaq Composite recorded 96 new highs and 37 new lows.\nVolume on U.S. exchanges was 8.97 billion shares, compared with the 9.08 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9,"ESmain":0.9,"IVV":0.9,"OEF":0.9,"OEX":0.9,"SDS":0.9,"SH":0.9,"SPXU":0.9,"SPY":0.9,"SSO":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835314415,"gmtCreate":1629687386137,"gmtModify":1631891686921,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/835314415","repostId":"2161747692","repostType":4,"repost":{"id":"2161747692","kind":"news","pubTimestamp":1629673828,"share":"https://ttm.financial/m/news/2161747692?lang=&edition=full","pubTime":"2021-08-23 07:10","market":"us","language":"en","title":"Fed's Jackson Hole Symposium, personal income and spending: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2161747692","media":"Yahoo Finance","summary":"Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at","content":"<p>Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at the bank's annual Jackson Hole Economic Policy Symposium.</p>\n<p>The event, which takes place from Thursday to Saturday this week, is set to serve as a forum for more discussions around Fed policymakers' plans to announce and implement a shift in the central bank's monetary policy stance. Namely, investors have been closely watching for months to hear when officials will begin tapering their purchases of Treasury and mortgage securities, which have been taking place at a pace of $120 billion per month for more than a year during the pandemic.</p>\n<p>This asset purchase program had been a major policy underpinning U.S. equity markets this year, providing liquidity throughout the economic crisis induced by the virus. But as the economy makes headway in recovering, Fed officials' talk around pulling in the reins on this program has started to increase.</p>\n<p>Last week, Federal Reserve officials signaled the announcement of the start of tapering was edging closer. According to the meeting minutes from the Federal Reserve's July meeting, most monetary policymakers believed the economy will have made enough progress toward recovering to warrant tapering.</p>\n<p>\"Most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year because they saw the Committee’s 'substantial further progress' criterion as satisfied with respect to the price-stability goal and as close to being satisfied with respect to the maximum employment goal,\" according to the FOMC minutes.</p>\n<p>But as many pundits have noted, the central bank still has a host of meetings left in 2021 to serve as a platform for further discussing or announcing tapering. As a result, Jackson Hole this week may cause few ripples, with policymakers like Federal Reserve Chair Jerome Powell sticking to their previously telegraphed language about waiting to see further improvements in the labor market before escalating talk of tapering further.</p>\n<p>\"Jackson Hole next week is certainly a target for when we might hear some actual firm language around taper. I'm not really expecting much out of Jackson Hole,\" Garrett Melson, Natixis Investment Managers Solutions portfolio strategist, told Yahoo Finance last week. \"We're more in the camp that we probably start to hear something around the November meeting. Perhaps they're as quick as December to start actually implementing the taper. But I'm still more in the camp that January is probably when we begin to see a slow taper, probably in the ballpark of $15 billion per month.\"</p>\n<p>\"They're still very, very dovish. They're slightly less dovish,\" he added. \"But that's a little semantics at this point. Taper is very well documented and well known. We know it's coming. It's just a matter of timing and really shouldn't surprise many investors out there.\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffd135dd0d8cdc399e0982d54e39f5bd\" tg-width=\"6000\" tg-height=\"4000\" width=\"100%\" height=\"auto\"><span>Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, July 15, 2021, on Capitol Hill. (AP Photo/Jose Luis Magana, file)ASSOCIATED PRESS</span></p>\n<p>As for the ultimate market impact of tapering, if the outcome is anything like the response from the last announcement of tapering in 2023, investors might brace for a momentary bout of volatility and some sector rotation beneath the surface.</p>\n<p>\"In 2013, Fed Chair Bernanke's comments about tapering catalyzed a five-day, 40 bp backup in 10-year yields and a 5% drop in the S&amp;P 500,\" said David Kostin, Goldman Sachs' chief U.S. equity strategist, in a note last week. \"The initial signal from the taper tantrum ultimately proved fleeting during a year with extremely strong returns for equities.\"</p>\n<p>\"The S&amp;P 500 rebounded 5% in the roughly two months following the tantrum, led higher by the materials, consumer discretionary, and health care sectors,\" he added. \"By December, the S&amp;P 500 had posted a full-year return of 32%. As the Fed reiterated its commitment to accommodative policy, growth outperformed value and cyclical stocks outperformed defensives.\"</p>\n<h2>Personal spending, income</h2>\n<p>New economic data on consumer spending and income will also be in focus later this week, with reports on both metrics due for release on Friday.</p>\n<p>Consensus economists expect to see personal spending slow to just a 0.4% monthly clip in July, decelerating from June's 1.0% increase.</p>\n<p>Just last week, the Commerce Department's data showed retail sales fell more than expected in July, dipping by 1.1%. The print pointed to more moderation in spending as the impact of stimulus checks earlier this year waned further, and lowered the bar for the Bureau of Economic Analysis' monthly personal spending data.</p>\n<p>Other data has also underscored the slowdown in consumer spending, especially given the recent spread of the Delta variant starting in the middle of summer.</p>\n<p>\"Although services spending started strong in July boosted by the holiday, our aggregated BAC credit and debit card data suggest services spending, particularly for travel and leisure, slowed down noticeably in the second half of the month, potentially due to rising Delta concerns,\" Bank of America economist Michelle Meyer wrote in a note Friday.</p>\n<p>Friday's consumer spending report will also come with data on personal income, which is also expected to have ticked up only slightly on a monthly basis. Economists look for a 0.1% increase in July, which would match the pace from the prior month.</p>\n<p>Even with the deceleration in income, however, the personal savings rate may have increased as an early round of child tax credit payments helped offset a slowing pace of income growth, some economists noted.</p>\n<p>\"The advance child tax credit payments delivered this month translated into a lower tax burden and therefore a 1% month-over-month boost to disposable income, consequently leading to a rise in the savings rate to 10.0% from 9.4% in June,\" Meyer predicted.</p>\n<h2>Economic calendar</h2>\n<ul>\n <li><p><b>Monday: </b>Chicago Fed National Activity Index, July (0.09 in June); <a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Manufacturing PMI, August preliminary (62.8 expected, 63.4 in July); Markit U.S. Services PMI, August preliminary (59.0 expected, 59.9 in July); Markit U.S. Composite PMI, August preliminary (59.9 in July); Existing home sales, month-on-month, July (-0.3% expected, 1.4% in June)</p></li>\n <li><p><b>Tuesday: </b>Richmond Fed Manufacturing Index, August (25 expected, 27 in July); New home sales, month-on-month, July (3.6% expected, -6.6% in June)</p></li>\n <li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended August 20 (-3.9% during prior week); Durable goods orders, July preliminary (-0.2% expected, 0.9% in June); Non-defense capital goods orders excluding aircraft, July preliminary (0.5% expected, 0.7% in June); Non-defense capital goods shipments excluding aircraft, July preliminary (0.6% in June)</p></li>\n <li><p><b>Thursday: </b>Initial jobless claims, week ended August 21 (352,000 expected, 348,000 during prior week); Continuing claims, week ended August 14 (2.780 million expected, 2.820 million during prior week); GDP annualized quarter-over-quarter, Q2 second estimate (6.6% expected, 6.5% in prior print); Personal consumption, Q2 second estimate (12.3% expected, 11.8% in prior print); Core PCE quarter-over-quarter Q2 second estimate (6.1% expected, 6.1% in prior print); Kansas City Fed Manufacturing Activity Index, August (30 in prior print)</p></li>\n <li><p><b>Friday: </b>Advanced goods trade balance, July (-$90.9 billion expected, -$91.2 billion in June); Wholesale inventories, month-over-month, July preliminary (1.0% expected, 1.1% in June); Personal income, July (0.2% expected, 0.1% in June); Personal spending, July (0.4% expected, 1.0% in June); PCE core deflator, month-on-month, July (0.3% expected, 0.4% in June); PCE core deflator, year-on-year, July (3.6% expected, 3.5% in June); University of Michigan Sentiment, August final (71.0 expected, 70.2 in prior print)</p></li>\n</ul>\n<h2>Earnings calendar</h2>\n<ul>\n <li><p><b>Monday: </b><i>No notable reports scheduled for release</i></p></li>\n <li><p><b>Tuesday: </b>Advance Auto Parts (AAP) before market open; Intuit (INTU) after market close</p></li>\n <li><p><b>Wednesday: </b>Best Buy (BBY) before market open; <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> (CRM), Autodesk (ADSK), Ulta Beauty (ULTA) after market close</p></li>\n <li><p><b>Thursday: </b>The JM Smucker Co. (SJM), Dollar General (DG), Dollar Tree (DLTR) before market open; The Gap (GPS), HP Inc. (HPQ) after market close</p></li>\n <li><p><b>Friday: </b><i>No notable reports scheduled for release </i></p></li>\n</ul>","source":"yahoofinance","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>Fed's Jackson Hole Symposium, personal income and spending: What to know this week</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nFed's Jackson Hole Symposium, personal income and spending: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-23 07:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-heads-to-jackson-hole-personal-income-and-spending-what-to-know-this-week-150228513.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at the bank's annual Jackson Hole Economic Policy Symposium.\nThe event, which takes place from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-heads-to-jackson-hole-personal-income-and-spending-what-to-know-this-week-150228513.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBY":"百思买",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY.AU":"SPDR® S&P 500® ETF Trust",".SPX":"S&P 500 Index","XRT":"零售指数ETF-SPDR标普","WMT":"沃尔玛","TGT":"塔吉特"},"source_url":"https://finance.yahoo.com/news/fed-heads-to-jackson-hole-personal-income-and-spending-what-to-know-this-week-150228513.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2161747692","content_text":"Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at the bank's annual Jackson Hole Economic Policy Symposium.\nThe event, which takes place from Thursday to Saturday this week, is set to serve as a forum for more discussions around Fed policymakers' plans to announce and implement a shift in the central bank's monetary policy stance. Namely, investors have been closely watching for months to hear when officials will begin tapering their purchases of Treasury and mortgage securities, which have been taking place at a pace of $120 billion per month for more than a year during the pandemic.\nThis asset purchase program had been a major policy underpinning U.S. equity markets this year, providing liquidity throughout the economic crisis induced by the virus. But as the economy makes headway in recovering, Fed officials' talk around pulling in the reins on this program has started to increase.\nLast week, Federal Reserve officials signaled the announcement of the start of tapering was edging closer. According to the meeting minutes from the Federal Reserve's July meeting, most monetary policymakers believed the economy will have made enough progress toward recovering to warrant tapering.\n\"Most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year because they saw the Committee’s 'substantial further progress' criterion as satisfied with respect to the price-stability goal and as close to being satisfied with respect to the maximum employment goal,\" according to the FOMC minutes.\nBut as many pundits have noted, the central bank still has a host of meetings left in 2021 to serve as a platform for further discussing or announcing tapering. As a result, Jackson Hole this week may cause few ripples, with policymakers like Federal Reserve Chair Jerome Powell sticking to their previously telegraphed language about waiting to see further improvements in the labor market before escalating talk of tapering further.\n\"Jackson Hole next week is certainly a target for when we might hear some actual firm language around taper. I'm not really expecting much out of Jackson Hole,\" Garrett Melson, Natixis Investment Managers Solutions portfolio strategist, told Yahoo Finance last week. \"We're more in the camp that we probably start to hear something around the November meeting. Perhaps they're as quick as December to start actually implementing the taper. But I'm still more in the camp that January is probably when we begin to see a slow taper, probably in the ballpark of $15 billion per month.\"\n\"They're still very, very dovish. They're slightly less dovish,\" he added. \"But that's a little semantics at this point. Taper is very well documented and well known. We know it's coming. It's just a matter of timing and really shouldn't surprise many investors out there.\"\nFederal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, July 15, 2021, on Capitol Hill. (AP Photo/Jose Luis Magana, file)ASSOCIATED PRESS\nAs for the ultimate market impact of tapering, if the outcome is anything like the response from the last announcement of tapering in 2023, investors might brace for a momentary bout of volatility and some sector rotation beneath the surface.\n\"In 2013, Fed Chair Bernanke's comments about tapering catalyzed a five-day, 40 bp backup in 10-year yields and a 5% drop in the S&P 500,\" said David Kostin, Goldman Sachs' chief U.S. equity strategist, in a note last week. \"The initial signal from the taper tantrum ultimately proved fleeting during a year with extremely strong returns for equities.\"\n\"The S&P 500 rebounded 5% in the roughly two months following the tantrum, led higher by the materials, consumer discretionary, and health care sectors,\" he added. \"By December, the S&P 500 had posted a full-year return of 32%. As the Fed reiterated its commitment to accommodative policy, growth outperformed value and cyclical stocks outperformed defensives.\"\nPersonal spending, income\nNew economic data on consumer spending and income will also be in focus later this week, with reports on both metrics due for release on Friday.\nConsensus economists expect to see personal spending slow to just a 0.4% monthly clip in July, decelerating from June's 1.0% increase.\nJust last week, the Commerce Department's data showed retail sales fell more than expected in July, dipping by 1.1%. The print pointed to more moderation in spending as the impact of stimulus checks earlier this year waned further, and lowered the bar for the Bureau of Economic Analysis' monthly personal spending data.\nOther data has also underscored the slowdown in consumer spending, especially given the recent spread of the Delta variant starting in the middle of summer.\n\"Although services spending started strong in July boosted by the holiday, our aggregated BAC credit and debit card data suggest services spending, particularly for travel and leisure, slowed down noticeably in the second half of the month, potentially due to rising Delta concerns,\" Bank of America economist Michelle Meyer wrote in a note Friday.\nFriday's consumer spending report will also come with data on personal income, which is also expected to have ticked up only slightly on a monthly basis. Economists look for a 0.1% increase in July, which would match the pace from the prior month.\nEven with the deceleration in income, however, the personal savings rate may have increased as an early round of child tax credit payments helped offset a slowing pace of income growth, some economists noted.\n\"The advance child tax credit payments delivered this month translated into a lower tax burden and therefore a 1% month-over-month boost to disposable income, consequently leading to a rise in the savings rate to 10.0% from 9.4% in June,\" Meyer predicted.\nEconomic calendar\n\nMonday: Chicago Fed National Activity Index, July (0.09 in June); Markit U.S. Manufacturing PMI, August preliminary (62.8 expected, 63.4 in July); Markit U.S. Services PMI, August preliminary (59.0 expected, 59.9 in July); Markit U.S. Composite PMI, August preliminary (59.9 in July); Existing home sales, month-on-month, July (-0.3% expected, 1.4% in June)\nTuesday: Richmond Fed Manufacturing Index, August (25 expected, 27 in July); New home sales, month-on-month, July (3.6% expected, -6.6% in June)\nWednesday: MBA Mortgage Applications, week ended August 20 (-3.9% during prior week); Durable goods orders, July preliminary (-0.2% expected, 0.9% in June); Non-defense capital goods orders excluding aircraft, July preliminary (0.5% expected, 0.7% in June); Non-defense capital goods shipments excluding aircraft, July preliminary (0.6% in June)\nThursday: Initial jobless claims, week ended August 21 (352,000 expected, 348,000 during prior week); Continuing claims, week ended August 14 (2.780 million expected, 2.820 million during prior week); GDP annualized quarter-over-quarter, Q2 second estimate (6.6% expected, 6.5% in prior print); Personal consumption, Q2 second estimate (12.3% expected, 11.8% in prior print); Core PCE quarter-over-quarter Q2 second estimate (6.1% expected, 6.1% in prior print); Kansas City Fed Manufacturing Activity Index, August (30 in prior print)\nFriday: Advanced goods trade balance, July (-$90.9 billion expected, -$91.2 billion in June); Wholesale inventories, month-over-month, July preliminary (1.0% expected, 1.1% in June); Personal income, July (0.2% expected, 0.1% in June); Personal spending, July (0.4% expected, 1.0% in June); PCE core deflator, month-on-month, July (0.3% expected, 0.4% in June); PCE core deflator, year-on-year, July (3.6% expected, 3.5% in June); University of Michigan Sentiment, August final (71.0 expected, 70.2 in prior print)\n\nEarnings calendar\n\nMonday: No notable reports scheduled for release\nTuesday: Advance Auto Parts (AAP) before market open; Intuit (INTU) after market close\nWednesday: Best Buy (BBY) before market open; Salesforce (CRM), Autodesk (ADSK), Ulta Beauty (ULTA) after market close\nThursday: The JM Smucker Co. (SJM), Dollar General (DG), Dollar Tree (DLTR) before market open; The Gap (GPS), HP Inc. (HPQ) after market close\nFriday: No notable reports scheduled for release","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"BBY":0.9,"SPY.AU":0.9,"TGT":0.9,"WMT":0.9,"XRT":0.9}},"isVote":1,"tweetType":1,"viewCount":897,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891854083,"gmtCreate":1628382015442,"gmtModify":1631891686936,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891854083","repostId":"1143051031","repostType":4,"isVote":1,"tweetType":1,"viewCount":1087,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893839724,"gmtCreate":1628253455968,"gmtModify":1631891686945,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893839724","repostId":"1195593033","repostType":4,"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899118612,"gmtCreate":1628168456436,"gmtModify":1631891686957,"author":{"id":"4088267272063620","authorId":"4088267272063620","name":"Tah","avatar":"https://static.tigerbbs.com/fc6c41e5b34b34b1e09e1bfcf94de9c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088267272063620","authorIdStr":"4088267272063620"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899118612","repostId":"1174241374","repostType":4,"repost":{"id":"1174241374","kind":"news","pubTimestamp":1628168340,"share":"https://ttm.financial/m/news/1174241374?lang=&edition=full","pubTime":"2021-08-05 20:59","market":"us","language":"en","title":"Blackstone, Other Private-Equity Stocks Catch Fire","url":"https://stock-news.laohu8.com/highlight/detail?id=1174241374","media":"The Wall Street Journal","summary":"The firms and their long-languishing shares are benefiting from current market dynamics such as low ","content":"<blockquote>\n The firms and their long-languishing shares are benefiting from current market dynamics such as low interest rates.\n</blockquote>\n<p>After years of lackluster performance, shares of private-equity firms have hit their stride.</p>\n<p>In the decade or more sinceBlackstone GroupInc.,BX1.38%KKRKKR1.90%&amp; Co.,Apollo Global ManagementInc.APO0.38%andCarlyle GroupInc.CG1.00%went public, their assets under management have exploded as they branched out beyond leveraged buyouts into areas such as real estate, lending and insurance.</p>\n<p>But their stocks languished, leading executives such asBlackstoneBX1.38%chief Stephen Schwarzman to publicly gripe that the market was undervaluing them.</p>\n<p>That has changed in a big way since the U.S. economy began to emerge from the coronavirus-driven downturn.</p>\n<p>Including dividends, shares of Blackstone have tripled since April 1, 2020, roughly when the recovery began, pushing its market capitalization to around $140 billion. That is bigger than those of financial giants Goldman Sachs Group Inc. and BlackRock Inc. KKR’s stock performance has been even stronger over that period, edging out Blackstone’s by a few percentage points. (Blackstone’s performance over the past three years has trounced that of all three rivals.)</p>\n<p>Shares of Carlyle, which historicallylagged behind those of peers, have shot up by nearly 160%. Even Apollo’s stock, which was weighed down by revelations of ties between former Chief Executive Leon Black and Jeffrey Epstein, has more than doubled.</p>\n<p>The S&amp;P 500 has risen by about 83% in that period, according to FactSet.</p>\n<p>Private-equity firms—big owners of assets purchased with significant amounts of debt—are ideally positioned to be outsize beneficiaries of current market dynamics. Low interest rates have made borrowing cheap and led yield-hungry investorsto funnel hundreds of billionsof dollars into the firms’ coffers.</p>\n<p>The tailwinds were on recent display as the firms reported strong second-quarter results, pushing their shares up even further.</p>\n<p>The spring for the group’s outperformance was loaded well before the pandemic began, when each firm opted in quick succession to abandon its partnership structure and become a C-corporation on the heels of the 2017 corporate tax cuts. The partnership structure had kept their billionaire founders in control but meant their stocks couldn’t be included in indexes, and shareholders had to endure extra tax requirements to own them.</p>\n<p>The firms’ shares have been added to several indexes, and the S&amp;P 500 could be next.</p>\n<p>“By being publicly traded partnerships, we created stocks that were difficult to own,” said Blackstone President Jonathan Gray. Becoming corporations meant “creating liquidity and a broader universe to buy these stocks,” he said.</p>\n<p>The firms also ditched “economic net income,” a profit metric they had created for their public-market debuts that ended up being volatile and difficult to understand. They began to emphasize figures that matter more to public investors, including the amount of earnings that can be returned in the form of dividends and profit tied to management fees, which are more predictable than performance-related income.</p>\n<p>KKR earlier this year said it was tying employee compensation more closely to performance fees, enabling more of the management-fee stream to flow to public investors.</p>\n<p>“What the markets want are sticky, consistent fee streams that are recurring in nature with high re-up rates,” said Morgan Stanley analyst Michael Cyprys, who has been covering the stocks for years.</p>\n<p>And all four firms have thrown themselves into raising so-called permanent or perpetual capital. It is money that doesn’t have to be returned or re-raised within a few years, as has historically been the norm with private-equity funds, and can keep churning out fees instead.</p>\n<p>The quest for such long-term capital has led them to develop platforms to manage assets for insurance companies and offer new products to individual investors.</p>\n<p>Long a leader in insurance, Apollo now gets more than $250 billion of its $471.8 billion in assets from insurance affiliatesAthene HoldingLtd.and Athora Holding Ltd. Apollo is solidifying the arrangement with a deal announced this year to buy the piece of Athene it doesn’t already own. Its rivals have all made recent movesaimed at catching up.</p>\n<p>Blackstone has led the charge on the industry’s other major permanent-capital front: individual investors. The firmhas been investing for yearsto create infrastructure to distribute and market products aimed at moderately wealthy individuals—a market it estimates is worth $80 trillion—and it has become clear in recent quarters that the effort is paying off in a big way.</p>\n<p>BREIT, the firm’s nontraded real-estate investment trust, and BCRED, a private-credit product likewise aimed at individual investors, have been raising a combined $4 billion in new capital each month, the firm said during its second-quarter earnings call last month.</p>\n<p>Blackstone’s peers are starting to follow suit. KKR in May rolled out a product to offer private real estate to individual investors. Apollo said Wednesday it is investing in its own retail distribution channel, with the goal of making individual investors a material piece of its third-party inflows in the next three-to-five years.</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>Blackstone, Other Private-Equity Stocks Catch Fire</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nBlackstone, Other Private-Equity Stocks Catch Fire\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 20:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/blackstone-other-private-equity-stocks-catch-fire-11628155980?mod=markets_lead_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The firms and their long-languishing shares are benefiting from current market dynamics such as low interest rates.\n\nAfter years of lackluster performance, shares of private-equity firms have hit ...</p>\n\n<a href=\"https://www.wsj.com/articles/blackstone-other-private-equity-stocks-catch-fire-11628155980?mod=markets_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.wsj.com/articles/blackstone-other-private-equity-stocks-catch-fire-11628155980?mod=markets_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174241374","content_text":"The firms and their long-languishing shares are benefiting from current market dynamics such as low interest rates.\n\nAfter years of lackluster performance, shares of private-equity firms have hit their stride.\nIn the decade or more sinceBlackstone GroupInc.,BX1.38%KKRKKR1.90%& Co.,Apollo Global ManagementInc.APO0.38%andCarlyle GroupInc.CG1.00%went public, their assets under management have exploded as they branched out beyond leveraged buyouts into areas such as real estate, lending and insurance.\nBut their stocks languished, leading executives such asBlackstoneBX1.38%chief Stephen Schwarzman to publicly gripe that the market was undervaluing them.\nThat has changed in a big way since the U.S. economy began to emerge from the coronavirus-driven downturn.\nIncluding dividends, shares of Blackstone have tripled since April 1, 2020, roughly when the recovery began, pushing its market capitalization to around $140 billion. That is bigger than those of financial giants Goldman Sachs Group Inc. and BlackRock Inc. KKR’s stock performance has been even stronger over that period, edging out Blackstone’s by a few percentage points. (Blackstone’s performance over the past three years has trounced that of all three rivals.)\nShares of Carlyle, which historicallylagged behind those of peers, have shot up by nearly 160%. Even Apollo’s stock, which was weighed down by revelations of ties between former Chief Executive Leon Black and Jeffrey Epstein, has more than doubled.\nThe S&P 500 has risen by about 83% in that period, according to FactSet.\nPrivate-equity firms—big owners of assets purchased with significant amounts of debt—are ideally positioned to be outsize beneficiaries of current market dynamics. Low interest rates have made borrowing cheap and led yield-hungry investorsto funnel hundreds of billionsof dollars into the firms’ coffers.\nThe tailwinds were on recent display as the firms reported strong second-quarter results, pushing their shares up even further.\nThe spring for the group’s outperformance was loaded well before the pandemic began, when each firm opted in quick succession to abandon its partnership structure and become a C-corporation on the heels of the 2017 corporate tax cuts. The partnership structure had kept their billionaire founders in control but meant their stocks couldn’t be included in indexes, and shareholders had to endure extra tax requirements to own them.\nThe firms’ shares have been added to several indexes, and the S&P 500 could be next.\n“By being publicly traded partnerships, we created stocks that were difficult to own,” said Blackstone President Jonathan Gray. Becoming corporations meant “creating liquidity and a broader universe to buy these stocks,” he said.\nThe firms also ditched “economic net income,” a profit metric they had created for their public-market debuts that ended up being volatile and difficult to understand. They began to emphasize figures that matter more to public investors, including the amount of earnings that can be returned in the form of dividends and profit tied to management fees, which are more predictable than performance-related income.\nKKR earlier this year said it was tying employee compensation more closely to performance fees, enabling more of the management-fee stream to flow to public investors.\n“What the markets want are sticky, consistent fee streams that are recurring in nature with high re-up rates,” said Morgan Stanley analyst Michael Cyprys, who has been covering the stocks for years.\nAnd all four firms have thrown themselves into raising so-called permanent or perpetual capital. It is money that doesn’t have to be returned or re-raised within a few years, as has historically been the norm with private-equity funds, and can keep churning out fees instead.\nThe quest for such long-term capital has led them to develop platforms to manage assets for insurance companies and offer new products to individual investors.\nLong a leader in insurance, Apollo now gets more than $250 billion of its $471.8 billion in assets from insurance affiliatesAthene HoldingLtd.and Athora Holding Ltd. Apollo is solidifying the arrangement with a deal announced this year to buy the piece of Athene it doesn’t already own. Its rivals have all made recent movesaimed at catching up.\nBlackstone has led the charge on the industry’s other major permanent-capital front: individual investors. The firmhas been investing for yearsto create infrastructure to distribute and market products aimed at moderately wealthy individuals—a market it estimates is worth $80 trillion—and it has become clear in recent quarters that the effort is paying off in a big way.\nBREIT, the firm’s nontraded real-estate investment trust, and BCRED, a private-credit product likewise aimed at individual investors, have been raising a combined $4 billion in new capital each month, the firm said during its second-quarter earnings call last month.\nBlackstone’s peers are starting to follow suit. KKR in May rolled out a product to offer private real estate to individual investors. Apollo said Wednesday it is investing in its own retail distribution channel, with the goal of making individual investors a material piece of its third-party inflows in the next three-to-five years.","news_type":1,"symbols_score_info":{"BX":0.9}},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}