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是龙不是虫

是龙不是虫

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是龙不是虫

2022-11-14

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是龙不是虫

2022-11-15

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Munger Says Crypto Is Rife With Fraud and Delusion and Praises Tesla's Success a "Minor Miracle"

是龙不是虫

2022-11-13

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SPY: Bear Market Rally Or A Major Bottom?

是龙不是虫

2022-03-19

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Bank of America review 1970s: Asset Rotation in the Era of Great Inflation

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2022-01-22

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是龙不是虫

2022-06-08

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Pre-market | U.S. stock futures index fell slightly, and China Concept rose more than 11% strongly

是龙不是虫

2022-12-25

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Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets

是龙不是虫

2022-10-14

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TSMC, no good news

是龙不是虫

2022-05-12

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When can US stocks be bought again? Wall Street keeps an eye on these signals

是龙不是虫

2022-02-18

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Reminder: U.S. stocks will be closed for one day on February 21 for Washington's birthday

是龙不是虫

2023-01-05

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是龙不是虫

2022-12-04

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Munger: You must do business with high-level people, never wrestle with a pig

是龙不是虫

2022-11-13

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Nvidia: A800 Chips, Crypto Contagion 2.0, And Macro Deterioration

是龙不是虫

2022-08-06

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Berkshire Hathaway's second-quarter operating profit of $9.28 billion

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2022-05-18

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是龙不是虫

2022-05-11

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Pre-market changes | Ideal, XPeng soared! Coinbase falls more than 17%

是龙不是虫

2022-03-09

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是龙不是虫

2022-02-04

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Pre-market changes: Sweeping away the haze, social media stocks collectively rose sharply

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2022-01-18

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是龙不是虫

2021-09-13

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Kunbo Medical-B will launch its IPO today, and the admission fee is HK $9444.22

Go to Tiger App to see more news

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30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.58%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":12,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9954788957,"gmtCreate":1676636425680,"gmtModify":1676636431350,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954788957","repostId":"1189734913","repostType":4,"repost":{"id":"1189734913","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1676632531,"share":"https://ttm.financial/m/news/1189734913?lang=en_US&edition=fundamental","pubTime":"2023-02-17 19:15","market":"us","language":"zh","title":"Deere's Q1 revenue and net profit in fiscal year 2023 exceeded expectations, and raised its full-year net profit forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=1189734913","media":"老虎资讯综合","summary":"Q1 净利润（亿美元）：19.59，预期：16.68，前值：9.03。","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/DE\">Deere Inc</a>Fiscal 2023 Q1 revenue (US $billion):<b>126.5，</b>Expected: 112.78, previous value: 95.69.</p><p>Q1 net profit (USD billion):<b>19.59，</b>Expected: 16.68, previous value: 9.03.</p><p>Q1 EPS:<b>$6.55，</b>Expected: $5.547, previous value: $2.92.</p><p>The net profit for the current fiscal year is expected to be US $8.75 billion-9.25 billion, compared with the previous expectation of US $8 billion-8.5 billion.</p><p>After the financial report was announced, Deere shares rose in a straight line, rising about 3% as of press time.</p><p><img src=\"https://static.tigerbbs.com/45c663f31308647d5844a000197f2d5b\" tg-width=\"1383\" tg-height=\"561\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Deere's Q1 revenue and net profit in fiscal year 2023 exceeded expectations, and raised its full-year net profit forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeere's Q1 revenue and net profit in fiscal year 2023 exceeded expectations, and raised its full-year net profit forecast\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-02-17 19:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/DE\">Deere Inc</a>Fiscal 2023 Q1 revenue (US $billion):<b>126.5，</b>Expected: 112.78, previous value: 95.69.</p><p>Q1 net profit (USD billion):<b>19.59，</b>Expected: 16.68, previous value: 9.03.</p><p>Q1 EPS:<b>$6.55，</b>Expected: $5.547, previous value: $2.92.</p><p>The net profit for the current fiscal year is expected to be US $8.75 billion-9.25 billion, compared with the previous expectation of US $8 billion-8.5 billion.</p><p>After the financial report was announced, Deere shares rose in a straight line, rising about 3% as of press time.</p><p><img src=\"https://static.tigerbbs.com/45c663f31308647d5844a000197f2d5b\" tg-width=\"1383\" tg-height=\"561\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1810baf6d3ec1015fdae2cabb2cf84b4","relate_stocks":{"DE":"迪尔股份有限公司"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189734913","content_text":"迪尔股份有限公司2023财年Q1 营收（亿美元）：126.5，预期：112.78，前值：95.69。Q1 净利润（亿美元）：19.59，预期：16.68，前值：9.03。Q1 EPS：$6.55，预期：$5.547，前值：$2.92。预计本财年净利润为87.5亿-92.5亿美元，此前预期为80亿-85亿美元。财报公布后，迪尔股份直线拉升，截至发稿涨约3%。","news_type":1,"symbols_score_info":{"DE":0.9}},"isVote":1,"tweetType":1,"viewCount":2800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954604985,"gmtCreate":1676291656848,"gmtModify":1676291660140,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954604985","repostId":"1160627956","repostType":4,"repost":{"id":"1160627956","kind":"news","pubTimestamp":1676286338,"share":"https://ttm.financial/m/news/1160627956?lang=en_US&edition=fundamental","pubTime":"2023-02-13 19:05","market":"us","language":"zh","title":"Dingdong Maicai rose 8% before the market, and fourth-quarter revenue increased 13% year-on-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1160627956","media":"新浪科技","summary":"净利润为4990万元（约合720万美元），而2021年同期净亏损10.963亿元。","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/DDL\">Dingdong Maicai</a>It rose nearly 8% before the market. The financial report shows that,<b>Dingdong Maicai's total revenue in the fourth quarter was 6.2006 billion yuan (approximately US $899.0 million), an increase of 13.1% compared with 5.4835 billion yuan in the same period in 2021. Net profit was 49.9 million yuan (about 7.2 million US dollars), compared with a net loss of 1.0963 billion yuan in the same period in 2021.</b>Not in accordance with U.S. Non-GAAP, net profit was 115.8 million yuan (approximately 16.8 million U.S. dollars), compared with a net loss of 1.0341 billion yuan in the same period in 2021.</p><p><img src=\"https://static.tigerbbs.com/cf41c201e2ecd1de78fcb207d6d5dc38\" tg-width=\"449\" tg-height=\"452\" referrerpolicy=\"no-referrer\"/></p><p><b>Fourth quarter results:</b></p><p>GMV was 6.7695 billion yuan (approximately US $981.5 million), an increase of 12.7% compared with 6.004 billion yuan in the same period in 2021.</p><p>Total revenue was 6.2006 billion yuan (approximately US $899.0 million), an increase of 13.1% compared with 5.4835 billion yuan in the same period in 2021.</p><p>Total operating costs and expenses were 6.1551 billion yuan (approximately US $892.4 million), a decrease of 5.6% from 6.5232 billion yuan in the same period in 2021.</p><p>Among them, the cost of goods sold was 4.162 billion yuan (approximately US $603.4 million), an increase of 5.0% from 3.9648 billion yuan in the same period in 2021.</p><p>Compliance expenses were 1.4936 billion yuan (approximately US $216.6 million), a year-on-year decrease of 16.4%.</p><p>Sales and marketing expenses were 91.1 million yuan (approximately US $13.2 million), a year-on-year decrease of 74.5%.</p><p>General and administrative expenses were 149.3 million yuan (approximately US $21.7 million), a year-on-year increase of 15.4%.</p><p>Product research and development expenditures were 259.0 million yuan (approximately US $37.5 million), down 9.0% year-on-year.</p><p>Operating profit was 52 million yuan (approximately US $7.5 million), compared with an operating loss of 1.0733 billion yuan in the same period in 2021.</p><p>Net profit was 49.9 million yuan (about 7.2 million US dollars), compared with a net loss of 1.0963 billion yuan in the same period in 2021.</p><p>Not in accordance with U.S. Non-GAAP, net profit was 115.8 million yuan (approximately 16.8 million U.S. dollars), compared with a net loss of 1.0341 billion yuan in the same period in 2021.</p><p>Both basic and diluted earnings per share were 0.15 yuan (approximately US $0.05). Not in accordance with US GAAP, basic and diluted earnings per share are both 0.35 yuan (approximately US $0.05).</p><p>As of December 31, 2022, Dingdong Maicai had cash and cash equivalents and short-term investments of 6.493 billion yuan (approximately US $941.4 million), compared with 5.231.1 billion yuan as of December 31, 2021.</p><p></body></html></p>","source":"sina_tech","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>Dingdong Maicai rose 8% before the market, and fourth-quarter revenue increased 13% year-on-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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDingdong Maicai rose 8% before the market, and fourth-quarter revenue increased 13% year-on-year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2023-02-13 19:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/DDL\">Dingdong Maicai</a>It rose nearly 8% before the market. The financial report shows that,<b>Dingdong Maicai's total revenue in the fourth quarter was 6.2006 billion yuan (approximately US $899.0 million), an increase of 13.1% compared with 5.4835 billion yuan in the same period in 2021. Net profit was 49.9 million yuan (about 7.2 million US dollars), compared with a net loss of 1.0963 billion yuan in the same period in 2021.</b>Not in accordance with U.S. Non-GAAP, net profit was 115.8 million yuan (approximately 16.8 million U.S. dollars), compared with a net loss of 1.0341 billion yuan in the same period in 2021.</p><p><img src=\"https://static.tigerbbs.com/cf41c201e2ecd1de78fcb207d6d5dc38\" tg-width=\"449\" tg-height=\"452\" referrerpolicy=\"no-referrer\"/></p><p><b>Fourth quarter results:</b></p><p>GMV was 6.7695 billion yuan (approximately US $981.5 million), an increase of 12.7% compared with 6.004 billion yuan in the same period in 2021.</p><p>Total revenue was 6.2006 billion yuan (approximately US $899.0 million), an increase of 13.1% compared with 5.4835 billion yuan in the same period in 2021.</p><p>Total operating costs and expenses were 6.1551 billion yuan (approximately US $892.4 million), a decrease of 5.6% from 6.5232 billion yuan in the same period in 2021.</p><p>Among them, the cost of goods sold was 4.162 billion yuan (approximately US $603.4 million), an increase of 5.0% from 3.9648 billion yuan in the same period in 2021.</p><p>Compliance expenses were 1.4936 billion yuan (approximately US $216.6 million), a year-on-year decrease of 16.4%.</p><p>Sales and marketing expenses were 91.1 million yuan (approximately US $13.2 million), a year-on-year decrease of 74.5%.</p><p>General and administrative expenses were 149.3 million yuan (approximately US $21.7 million), a year-on-year increase of 15.4%.</p><p>Product research and development expenditures were 259.0 million yuan (approximately US $37.5 million), down 9.0% year-on-year.</p><p>Operating profit was 52 million yuan (approximately US $7.5 million), compared with an operating loss of 1.0733 billion yuan in the same period in 2021.</p><p>Net profit was 49.9 million yuan (about 7.2 million US dollars), compared with a net loss of 1.0963 billion yuan in the same period in 2021.</p><p>Not in accordance with U.S. Non-GAAP, net profit was 115.8 million yuan (approximately 16.8 million U.S. dollars), compared with a net loss of 1.0341 billion yuan in the same period in 2021.</p><p>Both basic and diluted earnings per share were 0.15 yuan (approximately US $0.05). Not in accordance with US GAAP, basic and diluted earnings per share are both 0.35 yuan (approximately US $0.05).</p><p>As of December 31, 2022, Dingdong Maicai had cash and cash equivalents and short-term investments of 6.493 billion yuan (approximately US $941.4 million), compared with 5.231.1 billion yuan as of December 31, 2021.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/internet/2023-02-13/doc-imyfqawr2588286.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4d682d4213f17b1515867dfeb07da939","relate_stocks":{"DDL":"叮咚买菜"},"source_url":"https://finance.sina.com.cn/tech/internet/2023-02-13/doc-imyfqawr2588286.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160627956","content_text":"叮咚买菜盘前涨近8%。财报显示，叮咚买菜第四季度总营收为62.006亿元（约合8.990亿美元），与2021年同期的54.835亿元相比增长13.1%。净利润为4990万元（约合720万美元），而2021年同期净亏损10.963亿元。不按美国通用会计准则（Non-GAAP），净利润为1.158亿元（约合1680万美元），而2021年同期净亏损10.341亿元。第四季度业绩：GMV为67.695亿元（约合9.815亿美元），与2021年同期的60.040亿元相比增长12.7%。总营收为62.006亿元（约合8.990亿美元），与2021年同期的54.835亿元相比增长13.1%。总运营成本和支出为61.551亿元（约合8.924亿美元），较2021年同期的65.232亿元下滑5.6%。其中，商品销售成本为41.620亿元（约合6.034亿美元），较2021年同期的39.648亿元增长5.0%。履约开支为14.936亿元（约合2.166亿美元），同比下滑16.4%。销售与营销开支为9110万元（约合1320万美元），同比下滑74.5%。总务与行政开支为1.493亿元（约合2170万美元），同比增长15.4%。产品研发开支为2.590亿元（约合3750万美元），同比下滑9.0%。运营利润为5200万元（约合750万美元），而2021年同期运营亏损10.733亿元。净利润为4990万元（约合720万美元），而2021年同期净亏损10.963亿元。不按美国通用会计准则（Non-GAAP），净利润为1.158亿元（约合1680万美元），而2021年同期净亏损10.341亿元。每股基本和摊薄收益均为0.15元（约合0.05美元）。不按美国通用会计准则，每股基本和摊薄收益均为0.35元（约合0.05美元）。截至2022年12月31日，叮咚买菜拥有现金及现金等价物、短期投资为64.930亿元（约合9.414亿美元），而截至2021年12月31日为52.311亿元。","news_type":1,"symbols_score_info":{"DDL":0.9}},"isVote":1,"tweetType":1,"viewCount":3269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955554770,"gmtCreate":1675608366491,"gmtModify":1676539009054,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955554770","repostId":"1146197170","repostType":4,"repost":{"id":"1146197170","kind":"news","pubTimestamp":1675592060,"share":"https://ttm.financial/m/news/1146197170?lang=en_US&edition=fundamental","pubTime":"2023-02-05 18:14","market":"us","language":"zh","title":"Real hammer short report key allegations! The US media added the \"last straw\" to India's richest man, and the Indian government had to come forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1146197170","media":"华尔街见闻","summary":"Adani Power在其最新的季度报告中将毛里求斯公司Opal描述为独立股东，而“巧合”的是，Adani的哥哥Vinod Adani与Opal董事Ricardo Caillou同时被列为另一家公司的","content":"<p><html><head></head><body><b>Adani Power described Mauritian company Opal as an independent shareholder in its latest quarterly report, while \"coincidentally\" Adani's older brother Vinod Adani was listed as a board member of another company at the same time as Opal director Ricardo Caillou.</b>Since Hindenburg released the short-selling report on Adani Group, Indian billionaire Adani's net worth has been \"halved\", and the stock price of his company has plummeted. Now there is evidence that almost confirms the key allegations of the short-selling report!</p><p>On Saturday, a media investigation found that Opal, an independent Adani shareholder, had links to the Adani family, virtually confirming allegations that Adani used offshore companies to violate high holdings.</p><p>The continued fermentation of the Adani scandal not only had a disastrous impact on the Adani Group, but also intensified the volatility of the entire Indian stock market, and the Indian government had to come forward to appease the market.</p><p>The real hammer of the accusation: using offshore companies to violate regulations and highly control</p><p>It is reported that,<b>Opal Investment is one of the majority shareholders of Adani poewr, an energy company in Adani's business empire, and Adani Power in its latest quarterly report described Opal as an independent shareholder, i.e. not affiliated with Adani Group other than a 4.69% stake in Adani Power.</b></p><p>However, when the media reviewed the company documents, it was found that Opal was incorporated in Mauritius by Trustlink International Ltd., a financial services company associated with the Adani family, and that one of Trustlink's directors, Louis Ricardo Caillou, is not only a board member of Opal but also a board member of another Mauritian company, Krunal Trade & Investment Pvt. Ltd.<b>\"Coincidentally,\" Adani's brother, Vinod Adani, and Subir Mittra, CEO of Adani's family office, are also listed as members of the company's board.</b></p><p>According to the rules set by the Securities and Exchange Board of India, companies with less than 25% free float shares are at risk of delisting. In the third quarter of the fiscal year ended March 31, Adani family members and companies publicly disclosed to be associated with Adani held 74.97% of Adani poewr shares, company documents show. While Opal's stake in Adani Power accounts for nearly 19% of independent shareholders' shares in Adani Power.</p><p><b>This discovery almost confirmed Hindenburg's key allegations and confirmed that Adani used offshore companies to hold high holdings in violation of regulations.</b>On Jan. 24, Hindenburg released a 104-page report last week accusing Adani of widespread fraud, including using shell companies to inflate share prices and ignoring India's shareholding rules.</p><p>Adani scandal continues to ferment, Indian government comes forward to appease market</p><p>Adani has \"bled\" hundreds of billions of dollars due to fraud allegations. According to FactSet data, the market value of seven listed companies in the Adani Group has decreased by a total of $108 billion since last Tuesday. Adani Group bond prices have mostly fallen to junk bond levels.</p><p><b>As the selling of Adani's assets intensified, which exacerbated the volatility of the Indian stock market and even had a negative impact on India as a whole, the Indian government had to come forward to appease investors.</b></p><p>The Securities and Exchange Board of India (SEBI) has noted that conglomerate stocks have experienced unusual volatility over the past week and has developed a clear and publicly available set of monitoring measures to address excessive volatility in specific stocks.</p><p>India's finance minister also personally stepped down, issuing a statement on Saturday to reassure the market, saying that regulators will do their duty and that the problems of Adani Group will not affect India's macro economy. Furthermore, opposition parties have demanded an investigation into the relationship between Adani and Prime Minister Modi.</p><p>The announcement comes a day after the National Stock Exchange of India decided to tighten trading controls on Adani Enterprises, Adani Ports and Ambuja Cements, raising margin requirements to curb short selling. Analysts said the sell-off at the group's companies dragged down India's otherwise strong Sensex index.</p><p>However, the crisis may be far from over. The continued sell-off of stocks and bonds, coupled with high bond interest rates and severely deteriorating financing channels, may plunge Adani Group into a \"death loop.\" Secondly, due to the huge size of the Adani Group and its complicated relationship with Indian politics, the negative impact of the Adani scandal on India as a whole will continue to ferment.</p><p></body></html></p>","source":"wallstreetcn_api","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>Real hammer short report key allegations! The US media added the \"last straw\" to India's richest man, and the Indian government had to come forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReal hammer short report key allegations! The US media added the \"last straw\" to India's richest man, and the Indian government had to come forward\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-02-05 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Adani Power described Mauritian company Opal as an independent shareholder in its latest quarterly report, while \"coincidentally\" Adani's older brother Vinod Adani was listed as a board member of another company at the same time as Opal director Ricardo Caillou.</b>Since Hindenburg released the short-selling report on Adani Group, Indian billionaire Adani's net worth has been \"halved\", and the stock price of his company has plummeted. Now there is evidence that almost confirms the key allegations of the short-selling report!</p><p>On Saturday, a media investigation found that Opal, an independent Adani shareholder, had links to the Adani family, virtually confirming allegations that Adani used offshore companies to violate high holdings.</p><p>The continued fermentation of the Adani scandal not only had a disastrous impact on the Adani Group, but also intensified the volatility of the entire Indian stock market, and the Indian government had to come forward to appease the market.</p><p>The real hammer of the accusation: using offshore companies to violate regulations and highly control</p><p>It is reported that,<b>Opal Investment is one of the majority shareholders of Adani poewr, an energy company in Adani's business empire, and Adani Power in its latest quarterly report described Opal as an independent shareholder, i.e. not affiliated with Adani Group other than a 4.69% stake in Adani Power.</b></p><p>However, when the media reviewed the company documents, it was found that Opal was incorporated in Mauritius by Trustlink International Ltd., a financial services company associated with the Adani family, and that one of Trustlink's directors, Louis Ricardo Caillou, is not only a board member of Opal but also a board member of another Mauritian company, Krunal Trade & Investment Pvt. Ltd.<b>\"Coincidentally,\" Adani's brother, Vinod Adani, and Subir Mittra, CEO of Adani's family office, are also listed as members of the company's board.</b></p><p>According to the rules set by the Securities and Exchange Board of India, companies with less than 25% free float shares are at risk of delisting. In the third quarter of the fiscal year ended March 31, Adani family members and companies publicly disclosed to be associated with Adani held 74.97% of Adani poewr shares, company documents show. While Opal's stake in Adani Power accounts for nearly 19% of independent shareholders' shares in Adani Power.</p><p><b>This discovery almost confirmed Hindenburg's key allegations and confirmed that Adani used offshore companies to hold high holdings in violation of regulations.</b>On Jan. 24, Hindenburg released a 104-page report last week accusing Adani of widespread fraud, including using shell companies to inflate share prices and ignoring India's shareholding rules.</p><p>Adani scandal continues to ferment, Indian government comes forward to appease market</p><p>Adani has \"bled\" hundreds of billions of dollars due to fraud allegations. According to FactSet data, the market value of seven listed companies in the Adani Group has decreased by a total of $108 billion since last Tuesday. Adani Group bond prices have mostly fallen to junk bond levels.</p><p><b>As the selling of Adani's assets intensified, which exacerbated the volatility of the Indian stock market and even had a negative impact on India as a whole, the Indian government had to come forward to appease investors.</b></p><p>The Securities and Exchange Board of India (SEBI) has noted that conglomerate stocks have experienced unusual volatility over the past week and has developed a clear and publicly available set of monitoring measures to address excessive volatility in specific stocks.</p><p>India's finance minister also personally stepped down, issuing a statement on Saturday to reassure the market, saying that regulators will do their duty and that the problems of Adani Group will not affect India's macro economy. Furthermore, opposition parties have demanded an investigation into the relationship between Adani and Prime Minister Modi.</p><p>The announcement comes a day after the National Stock Exchange of India decided to tighten trading controls on Adani Enterprises, Adani Ports and Ambuja Cements, raising margin requirements to curb short selling. Analysts said the sell-off at the group's companies dragged down India's otherwise strong Sensex index.</p><p>However, the crisis may be far from over. The continued sell-off of stocks and bonds, coupled with high bond interest rates and severely deteriorating financing channels, may plunge Adani Group into a \"death loop.\" Secondly, due to the huge size of the Adani Group and its complicated relationship with Indian politics, the negative impact of the Adani scandal on India as a whole will continue to ferment.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3681202\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/726be8ee1c947cd00b8202879a078437","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3681202","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146197170","content_text":"Adani Power在其最新的季度报告中将毛里求斯公司Opal描述为独立股东，而“巧合”的是，Adani的哥哥Vinod Adani与Opal董事Ricardo Caillou同时被列为另一家公司的董事会成员。自兴登堡发布对Adani集团的做空报告以来，印度亿万富翁Adani身家遭“腰斩”，旗下公司股价暴跌，如今有证据几乎实锤做空报告的关键指控！周六，媒体调查发现，Adani独立股东Opal与Adani家族存在联系，几乎证实了Adani利用离岸公司违规高度控股的指控。Adani丑闻持续发酵不仅给Adani集团带来灾难性的影响，也令整个印度股市波动加剧，印度政府不得不出面安抚市场。指控实锤：利用离岸公司违规高度控股据悉，Opal Investment是Adani商业帝国中的能源公司Adani poewr的大股东之一，Adani Power在其最新的季度报告中将Opal描述为独立股东，即除持有Adani power 4.69%的股份外，与Adani集团没有任何关系。然而，媒体在审查公司文件时发现，Opal是由Trustlink International Ltd.在毛里求斯注册成立的，Trustlink是一家与Adani家族有关联的金融服务公司，Trustlink的董事之一Louis Ricardo Caillou，不仅是Opal的董事会成员，同时还是另一家毛里求斯公司Krunal Trade & Investment Pvt.Ltd.的董事会成员。“巧合”的是，Adani的哥哥Vinod Adani和Adani家族理财办公室首席执行官Subir Mittra也被列为该公司董事会成员。根据印度证券交易委员会制定的规则，少于25%自由流通股份的公司有被退市的风险。公司文件显示，在截至3月31日财政年度的第三季度中，Adani家族成员和公开披露与Adani有关的公司持有74.97%的Adani poewr股份。而Opal在Adani Power的股份占Adani Power中独立股东股份的近19%。这一发现几乎实锤了兴登堡的关键指控，证实了Adani利用离岸公司违规高度控股。1月24日，兴登堡上周发布了一份长达104页的报告，指控阿达尼集团存在范围广泛的欺诈行为，包括利用空壳公司抬高股价以及无视印度的持股规则。Adani丑闻持续发酵 印度政府出面安抚市场由于欺诈指控，Adani公司“失血”上千亿美元，根据FactSet的数据，自上周二以来，Adani集团七家上市公司的市值总共减少了1080亿美元。Adani集团债券价格大多已跌至垃圾债水平。随着Adani资产抛售力度加大，加剧了印度股市的波动，甚至给整个印度带来了负面影响，印度政府不得不出面安抚投资者。印度证券交易委员会（SEBI）指出，过去一周，企业集团股票出现异常波动，已经制定了一套明确的、公开可用的监控措施，解决特定股票的过度波动。印度财长也亲自下场，在周六发布声明安抚市场，称监管机构将尽职尽责，Adani集团的问题不会影响印度的宏观经济。此外，反对党已要求调查Adani和总理莫迪之间的关系。在声明发布前一天，印度国家证券交易所决定加强对Adani Enterprises、Adani Ports和Ambuja Cements的交易控制，提高保证金要求，以遏制卖空行为。分析师表示，该集团旗下公司的抛售拖累了印度原本表现强劲的Sensex指数。然而，危机可能还远未结束。股票债券的持续抛售，叠加高昂的债券利息及严重恶化的融资渠道，或使Adani集团陷入“死亡循环”。其次，由于Adani集团庞大的体量及其与印度政坛错综复杂的关系，Adani丑闻给整个印度带来的负面影响也还将持续发酵。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951415694,"gmtCreate":1673538462718,"gmtModify":1676538853290,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951415694","repostId":"1183463528","repostType":4,"repost":{"id":"1183463528","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1673535738,"share":"https://ttm.financial/m/news/1183463528?lang=en_US&edition=fundamental","pubTime":"2023-01-12 23:02","market":"us","language":"zh","title":"New energy vehicle stocks collectively weakened, Tesla fell nearly 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1183463528","media":"老虎资讯综合","summary":"在华尔街深度担忧需求之际，特斯拉仍在维持产量增长的雄心。","content":"<p><html><head></head><body>Thursday,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The stock price fluctuated lower, falling 2.6% as of press time and 5% intraday. At the same time, new energy vehicle stocks generally fell, with Faraday Future falling 7.55%.<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Fell more than 2%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell 1.25%, and Rivian Automotive fell 0.23%.</p><p><img src=\"https://static.tigerbbs.com/c352dec930466f2d595cff39893b99b8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>On the news, Tesla is considering investing US $775 million to expand its factory in Texas, USA, which includes new projects related to cars and batteries. On the same day, the media said that Tesla was about to reach a preliminary agreement to build a factory in Indonesia. Relevant information shows that Tesla is still maintaining its ambition to grow production at a time when Wall Street is deeply worried about demand.</p><p></body></html></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>New energy vehicle stocks collectively weakened, Tesla fell nearly 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew energy vehicle stocks collectively weakened, Tesla fell nearly 3%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-01-12 23:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Thursday,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The stock price fluctuated lower, falling 2.6% as of press time and 5% intraday. At the same time, new energy vehicle stocks generally fell, with Faraday Future falling 7.55%.<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Fell more than 2%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell 1.25%, and Rivian Automotive fell 0.23%.</p><p><img src=\"https://static.tigerbbs.com/c352dec930466f2d595cff39893b99b8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>On the news, Tesla is considering investing US $775 million to expand its factory in Texas, USA, which includes new projects related to cars and batteries. On the same day, the media said that Tesla was about to reach a preliminary agreement to build a factory in Indonesia. Relevant information shows that Tesla is still maintaining its ambition to grow production at a time when Wall Street is deeply worried about demand.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/470c7cb7483c270761f6679ffa0ee057","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183463528","content_text":"周四，特斯拉股价震荡走低，截至发稿跌2.6%，盘中跌5%。同时，新能源汽车股普跌，法拉第未来跌7.55%，小鹏汽车、蔚来跌超2%，理想汽车跌1.25%，Rivian Automotive跌0.23%。消息面上，特斯拉考虑投资7.75亿美元扩建美国德州的工厂，这其中包括与汽车和电池相关的新建项目。同日，媒体称特斯拉即将达成一项在印尼建厂的初步协议。相关信息表明，在华尔街深度担忧需求之际，特斯拉仍在维持产量增长的雄心。","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951829062,"gmtCreate":1673450570657,"gmtModify":1676538839147,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951829062","repostId":"1126375496","repostType":4,"repost":{"id":"1126375496","kind":"news","pubTimestamp":1673450067,"share":"https://ttm.financial/m/news/1126375496?lang=en_US&edition=fundamental","pubTime":"2023-01-11 23:14","market":"us","language":"zh","title":"Wall Street is convinced: the euro's rally is just beginning","url":"https://stock-news.laohu8.com/highlight/detail?id=1126375496","media":"华尔街见闻","summary":"推动美元持续上涨的因素正在消失。","content":"<p><html><head></head><body>Author: Ge Jiaming</p><p>When Wall Street investment banks made a \"big turn\" and began to bet that the euro zone economy might be avoided recession, they also became more and more confident in the euro.</p><p>On January 11, the media said,<b>Market sentiment has changed dramatically now compared to the second half of 2022</b>, when the euro fell below the parity window against the US dollar and the market gradually lost confidence, but now many investors believe that the US dollar will weaken in 2023.</p><p>Gareth Gettinby, investment manager at Aegon Asset Management, said,<b>As the energy crisis eases and the spread between Europe and the United States gradually narrows, the downside risk of the euro is weakening</b>：</p><p>The European economy may bring more and more surprises to investors, while in the United States, these surprises are slowly decreasing. Regarding the trend of the euro, strategists at Deutsche Bank and Morgan Stanley said,<b>The euro exchange rate may continue to rebound to $1.15 from its current nearly seven-month high of $1.07 per euro. Analysts at Nomura Securities believe that the euro exchange rate will rise to 1.10 before the end of January.</b></p><p><img src=\"https://static.tigerbbs.com/167dc8ac64ed8edd110636d5e4563045\" tg-width=\"640\" tg-height=\"404\" referrerpolicy=\"no-referrer\"/></p><p>A tougher ECB than the Fed will boost euro</p><p>Strategists at JPMorgan Chase & Co. said they still have reservations about economic growth in the euro zone,<b>But a tougher ECB than the Fed will support the euro</b>。 The bank turned the euro from bearish to neutral for the first time in recent months.</p><p>On January 6, Eurostat released data showing that the initial reconciled CPI value of the euro zone in December was 9.2% year-on-year, which continued to decline from 10.1% in the previous month, and the year-on-year growth rate hit a four-month low. But core inflation, which strips out volatile energy, food, alcohol and tobacco prices, rose more than expected, hitting a record high of 5.2%.</p><p>According to the media, according to data from the European Commission, although inflation in the euro zone is still close to historical highs, consumer expectations for price trends have basically fallen back to the level before inflation soared, and the European Central Bank plans to continue its rate hike at a steady rate.</p><p>Analysts pointed out that the market generally believes that the U.S. CPI data for December to be released this Thursday will make investors confirm that,<b>In the future, the European Central Bank will continue to maintain a tough attitude, while the rate hike of the Federal Reserve may cool down, and the narrowing of the interest rate gap will benefit the euro.</b></p><p><b>According to the results of media surveys, the market generally expects the European Central Bank to rate hike by 150 basis points and the Federal Reserve rate hike by 60 basis points this year.</b></p><p>Steve Englander, head of G-10 global foreign exchange research at Standard Chartered Bank, said in a report on January 9 that core inflation and economic surprises in the euro zone continue to strengthen, and the hawkish tone of the European Central Bank may remain longer than the Federal Reserve.</p><p>Noting that the economic data in the US is now unexpectedly \"weaker\" than in Europe, suggesting less upward pressure on interest rates, Englander explained:</p><p>Wage inflation cooled significantly in December, with average hourly wages increasing by only 0.3% month-on-month and 4.6% year-on-year, which was also lower than market expectations of 5% and the lowest since August 2021. Any signal of slowing wage growth could weaken the Fed's hawkish stance. At the same time, the non-manufacturing ISM in December was only 49.6, falling into contraction and the lowest level since 2010. George Saravelos, head of foreign exchange research at Deutsche Bank, also believes that the relative policy cycles of the United States and the euro zone show that the Fed turned ahead of the European Central Bank:</p><p>In Europe, the latest PMI data suggests there may not even be a recession this winter, unemployment is still falling and fiscal policy is structurally accommodative. In addition, Saravelos pointed out in a bullish report on the euro that,<b>The factors driving the dollar's continued rise are disappearing</b>：</p><p>The two main drivers of the dollar's safe-haven appeal are the energy crisis in Europe and the Federal Reserve, which has gradually disappeared. The Fed's pivot became the final pivot of the dollar.</body></html></p>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street is convinced: the euro's rally is just beginning</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street is convinced: the euro's rally is just beginning\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-01-11 23:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author: Ge Jiaming</p><p>When Wall Street investment banks made a \"big turn\" and began to bet that the euro zone economy might be avoided recession, they also became more and more confident in the euro.</p><p>On January 11, the media said,<b>Market sentiment has changed dramatically now compared to the second half of 2022</b>, when the euro fell below the parity window against the US dollar and the market gradually lost confidence, but now many investors believe that the US dollar will weaken in 2023.</p><p>Gareth Gettinby, investment manager at Aegon Asset Management, said,<b>As the energy crisis eases and the spread between Europe and the United States gradually narrows, the downside risk of the euro is weakening</b>：</p><p>The European economy may bring more and more surprises to investors, while in the United States, these surprises are slowly decreasing. Regarding the trend of the euro, strategists at Deutsche Bank and Morgan Stanley said,<b>The euro exchange rate may continue to rebound to $1.15 from its current nearly seven-month high of $1.07 per euro. Analysts at Nomura Securities believe that the euro exchange rate will rise to 1.10 before the end of January.</b></p><p><img src=\"https://static.tigerbbs.com/167dc8ac64ed8edd110636d5e4563045\" tg-width=\"640\" tg-height=\"404\" referrerpolicy=\"no-referrer\"/></p><p>A tougher ECB than the Fed will boost euro</p><p>Strategists at JPMorgan Chase & Co. said they still have reservations about economic growth in the euro zone,<b>But a tougher ECB than the Fed will support the euro</b>。 The bank turned the euro from bearish to neutral for the first time in recent months.</p><p>On January 6, Eurostat released data showing that the initial reconciled CPI value of the euro zone in December was 9.2% year-on-year, which continued to decline from 10.1% in the previous month, and the year-on-year growth rate hit a four-month low. But core inflation, which strips out volatile energy, food, alcohol and tobacco prices, rose more than expected, hitting a record high of 5.2%.</p><p>According to the media, according to data from the European Commission, although inflation in the euro zone is still close to historical highs, consumer expectations for price trends have basically fallen back to the level before inflation soared, and the European Central Bank plans to continue its rate hike at a steady rate.</p><p>Analysts pointed out that the market generally believes that the U.S. CPI data for December to be released this Thursday will make investors confirm that,<b>In the future, the European Central Bank will continue to maintain a tough attitude, while the rate hike of the Federal Reserve may cool down, and the narrowing of the interest rate gap will benefit the euro.</b></p><p><b>According to the results of media surveys, the market generally expects the European Central Bank to rate hike by 150 basis points and the Federal Reserve rate hike by 60 basis points this year.</b></p><p>Steve Englander, head of G-10 global foreign exchange research at Standard Chartered Bank, said in a report on January 9 that core inflation and economic surprises in the euro zone continue to strengthen, and the hawkish tone of the European Central Bank may remain longer than the Federal Reserve.</p><p>Noting that the economic data in the US is now unexpectedly \"weaker\" than in Europe, suggesting less upward pressure on interest rates, Englander explained:</p><p>Wage inflation cooled significantly in December, with average hourly wages increasing by only 0.3% month-on-month and 4.6% year-on-year, which was also lower than market expectations of 5% and the lowest since August 2021. Any signal of slowing wage growth could weaken the Fed's hawkish stance. At the same time, the non-manufacturing ISM in December was only 49.6, falling into contraction and the lowest level since 2010. George Saravelos, head of foreign exchange research at Deutsche Bank, also believes that the relative policy cycles of the United States and the euro zone show that the Fed turned ahead of the European Central Bank:</p><p>In Europe, the latest PMI data suggests there may not even be a recession this winter, unemployment is still falling and fiscal policy is structurally accommodative. In addition, Saravelos pointed out in a bullish report on the euro that,<b>The factors driving the dollar's continued rise are disappearing</b>：</p><p>The two main drivers of the dollar's safe-haven appeal are the energy crisis in Europe and the Federal Reserve, which has gradually disappeared. The Fed's pivot became the final pivot of the dollar.</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3679615\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1a7793d923570c8fadc551eefc9bba6","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3679615","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1126375496","content_text":"作者：葛佳明华尔街投行们“大转向”，开始押注欧元区经济或将免于衰退之时，也对欧元越来越有信心了。1月11日，媒体称，与2022年下半年相比，现在市场情绪发生了巨大变化，当时欧元兑美元跌破平价窗口，市场逐渐失去信心，但现在许多投资者都认为2023年美元将走软。Aegon Asset Management的投资经理Gareth Gettinby表示，随着能源危机缓解，欧美利差渐渐缩小，欧元的下行风险正在减弱：欧洲经济或将带给投资者越来越多的惊喜，而在美国，这些惊喜正慢慢减少。对于欧元走势，德银和摩根士丹利的策略师表示，欧元汇率可能从目前近七个月高点1欧元兑1.07美元继续反弹至1.15美元。野村证券的分析师认为，1月底前欧元汇率将升至1.10。比美联储更强硬的欧洲央行将提振欧元摩根大通公司的策略师表示，他们仍然对欧元区的经济增长持保留态度，但比美联储更强硬的欧洲央行将支撑欧元。该银行最近几个月来首次将欧元从看跌转为中性。1月6日，欧盟统计局公布数据显示，欧元区12月调和CPI初值同比9.2%，较上月10.1%继续下滑，同比增幅创4个月新低 。但剔除波动较大的能源、食品、酒类和烟草价格的核心通胀涨幅超过预期，创下5.2%的历史新高。媒体称，根据欧盟委员会数据显示，尽管欧元区通胀仍接近历史高位，但消费者对价格走势的预期已基本回落至通胀飙升前的水平，欧洲央行计划将以稳定的速度继续加息。分析师们指出，市场普遍认为本周四即将公布的美国12月CPI数据会使投资者们确认，在未来欧洲央行将继续保持强硬态度，而美联储的加息可能会降温，利率差距的缩小将利好欧元。根据媒体调查结果显示，市场普遍预计欧洲央行今年将加息150个基点，美联储加息60个基点。渣打银行G-10全球外汇研究主管Steve Englander在1月9日的一份报告中表示，欧元区核心通胀和经济意外均继续走强，相较于美联储，欧洲央行的鹰派基调或将维持更长时间。Englander指出，现在美国的经济数据意外比欧洲“弱”，表明利率上行压力较小，Englander解释称：12月工资通胀显著降温，平均每小时工资环比仅增长0.3%，同比增长4.6%，同样低于市场预期的5%，为2021年8月以来最低。任何工资增速减缓的信号都可能削弱美联储的鹰派立场。同时，12月的非制造业ISM仅为49.6，陷入萎缩，也创自2010年以来的最低水平。德银外汇研究主管George Saravelos也认为，美国和欧元区的相对政策周期表明，美联储先于欧洲央行转向：在欧洲，最新的PMI数据显示今年冬天甚至可能不会出现衰退，失业率仍在下降，财政政策在结构上是宽松的。此外，Saravelos在看涨欧元的报告中指出，推动美元持续上涨的因素正在消失：美元避险吸引力的两个主要驱动因素为欧洲的能源危机和美联储，现在能源危机已经逐步消失。美联储的转向成了美元的最后支点。","news_type":1,"symbols_score_info":{"EURmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959164508,"gmtCreate":1672931938705,"gmtModify":1676538759606,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9959164508","repostId":"1111573423","repostType":4,"isVote":1,"tweetType":1,"viewCount":3417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950775726,"gmtCreate":1672847177865,"gmtModify":1676538747232,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9950775726","repostId":"1114329852","repostType":4,"repost":{"id":"1114329852","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672846064,"share":"https://ttm.financial/m/news/1114329852?lang=en_US&edition=fundamental","pubTime":"2023-01-04 23:27","market":"us","language":"zh","title":"The Nasdaq China Golden Dragon Index rose more than 6%, Alibaba rose more than 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1114329852","media":"老虎资讯综合","summary":"1月4日，纳斯达克中国金龙指数涨超6%，金山云涨近15%，小鹏汽车、京东、BOSS直聘涨近10%，贝壳涨超8%，阿里巴巴涨超7%，满帮、拼多多、蔚来、腾讯音乐涨超6%。","content":"<p><html><head></head><body>On January 4, the Nasdaq China Golden Dragon Index rose by more than 6%.<a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>Up nearly 15%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BZ\">BOSS Direct Recruitment</a>Up nearly 10%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Rose more than 8%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Rose more than 7%,<a href=\"https://laohu8.com/S/YMM\">Manbang</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Up more than 6%.</p><p><img src=\"https://static.tigerbbs.com/811550e2aaa27c8362e6a0426d64de22\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>The Nasdaq China Golden Dragon Index rose more than 6%, Alibaba rose more than 7%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Nasdaq China Golden Dragon Index rose more than 6%, Alibaba rose more than 7%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-01-04 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On January 4, the Nasdaq China Golden Dragon Index rose by more than 6%.<a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>Up nearly 15%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BZ\">BOSS Direct Recruitment</a>Up nearly 10%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Rose more than 8%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Rose more than 7%,<a href=\"https://laohu8.com/S/YMM\">Manbang</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Up more than 6%.</p><p><img src=\"https://static.tigerbbs.com/811550e2aaa27c8362e6a0426d64de22\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"BABA":"阿里巴巴","HXC":"纳斯达克中国金龙指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114329852","content_text":"1月4日，纳斯达克中国金龙指数涨超6%，金山云涨近15%，小鹏汽车、京东、BOSS直聘涨近10%，贝壳涨超8%，阿里巴巴涨超7%，满帮、拼多多、蔚来、腾讯音乐涨超6%。","news_type":1,"symbols_score_info":{"BABA":0.9,"HXC":0.9}},"isVote":1,"tweetType":1,"viewCount":3531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950775285,"gmtCreate":1672847110947,"gmtModify":1676538747224,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$老虎证券(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$老虎证券(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950775285","isVote":1,"tweetType":1,"viewCount":2577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927237497,"gmtCreate":1672501229019,"gmtModify":1676538698452,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927237497","repostId":"2295318833","repostType":4,"repost":{"id":"2295318833","kind":"highlight","pubTimestamp":1672468178,"share":"https://ttm.financial/m/news/2295318833?lang=en_US&edition=fundamental","pubTime":"2022-12-31 14:29","market":"us","language":"zh","title":"Top ten A-share events in 2022: \"Ning Wang\" becomes \"Ning Zi\", and the demon king goes out of the market 10 times","url":"https://stock-news.laohu8.com/highlight/detail?id=2295318833","media":"华尔街见闻","summary":"跌宕起伏，好戏不断！","content":"<p><html><head></head><body>Ups and downs, and the good show continues!</p><p>A-shares have just ended their trading day in 2022.</p><p>In the past year, under the attack of negative factors such as the Federal Reserve's rate hike, the Russia-Ukraine conflict, and the supply chain, A-shares bottomed out twice during the year, falling below 3,000 points four times. As of the close of trading on December 30, the Shanghai Composite Index has fallen by more than 15% this year, the Shenzhen Component Index has fallen by nearly 26%, and the ChiNext Index has fallen by more than 29%.</p><p>Except for the strong performance of the coal sector, most A-share sectors have been impacted to varying degrees. With the landing of the \"three arrows\", real estate has ushered in a strong rebound recently, but in the end it failed to reverse the decline during the year; The performance of the liquor industry, which achieved good financial results during the year, is not very optimistic. But what is comforting is that the Xinchuang industry related to national security and the hot Web3.0 have achieved good results in the capital market. Under the guidance of the \"valuation system with Chinese characteristics\", low-valued companies with Chinese prefixes have also ushered in a long-lost outbreak.</p><p>From a microscopic perspective,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>Still the company with the highest value in the A-share market, the king of lithium batteries<a href=\"https://laohu8.com/S/300750\">Ningde era</a>The glory is no longer there, and the market value has fallen below one trillion during the year.<a href=\"https://laohu8.com/S/002432\">Jiu'an Medical</a>Then it became the largest monster stock of the year, with an increase of 13 times in 101 trading days. With the continuous optimization of domestic epidemic prevention and control policies,<a href=\"https://laohu8.com/S/301211\">Hendi Pharmaceutical</a>Waiting for antipyretic concept stocks to usher in a surge. Listed companies associated with \"Sheep Liao Ge Sheep\"<a href=\"https://laohu8.com/S/603444\">Gigabit</a>Because of the \"clearance dividend\", it has become the object of the whole network.</p><p>Two bottoms, two rallies</p><p>Under the combined action of multiple factors, A-shares have bottomed out twice this year.</p><p>The first bottom began at the beginning of the year. The Shanghai Composite Index fell from a high of 3,651.89 points in early January to 2,863.65 points on April 27, which took three and a half months. Other major indexes fell across the board, with the Shenzhen Component Index falling nearly 28% and the Growth Enterprise Market falling more than 35%.</p><p>The second dip occurred in the middle of the year. The Shanghai Composite Index started its decline on July 5th and fell to 2893 points on October 31st. Other major stock indexes fell across the board again.</p><p><img src=\"https://static.tigerbbs.com/f00ff4e1dee3d46ddac730828bf8fb7e\" tg-width=\"1024\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p>Looking deeper into the reasons for the decline in A-shares, Wang Lei, investment director of Jurong Assets, told the Economic Observer that the Shanghai Composite Index experienced a stampede in mid-March, mainly due to the conflict between Russia and Ukraine and the US attack on the audit of Chinese concept stocks. The sharp decline at the end of April was due to the short-term collapse of economic data, and the sharp decline in early November was due to weak investor confidence; What the above-mentioned rounds of exploration have in common is that the impact of external factors leads to the scarcity of investor confidence.</p><p>Of course, after the bottom, A-shares ushered in two rounds of violent rises: from April 27th to July 5th, the Shanghai Composite Index rebounded by 17%, and the Growth Enterprise Market rebounded by 32%; In addition, since November, the Shanghai Composite Index has risen by 7% and the Shenzhen Component Index has risen by 6%.</p><p>Looking forward to 2023,<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>The latest report points out that the improvement of profit expectations such as the restraining policy shift and post-epidemic opening up, the rising certainty of the internal and external macro environment, and the return space implied by the policy bottom, economic bottom and valuation bottom will push 2023 to become the starting point of a new round of bull market..</p><p>\"Ning Wang\" becomes \"Ning Zi\"? Fall below trillion market capitalization</p><p>In the hottest years of the new energy track, CATL's stock price has soared from 40 yuan to a maximum of 692 yuan per share in 2021, and its market value once exceeded 1.6 trillion yuan.</p><p>But in 2022, the Ningde era failed at the beginning, and its first-quarter financial report fell into the curse of increasing revenue but not increasing profits. At that time, doubts flooded the entire market. On April 20, the stock price of Ningde Times suffered a heavy loss, closing down 7.55% on the same day to 407 yuan per share, with a total market value of 948.7 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/f77a5aa2bafde36e5f23337738a8987e\" tg-width=\"865\" tg-height=\"568\" referrerpolicy=\"no-referrer\"/></p><p>In the following days, CATL's stock price experienced a rebound in June, and then continued its pullback/retracement again in September, currently hovering around 400 yuan.<b>The market value has evaporated by about 600 billion yuan from the peak, which can be called the stock with the most serious market value evaporation of A shares this year.</b></p><p>During this period, CATL handed over financial reports for the second and third quarters that exceeded expectations. Not only did it receive huge orders from BMW and Honda, but it was also preparing to build factories in North America. It can be said that there is constant good news. But this has not completely restored investors' confidence in it. As the \"sky-high price\" of lithium continues to compress the profit margin of batteries, former partners have rebelled one after another, the oversupply of power batteries has begun to emerge, and the competition in the industry is becoming fierce. The era of making money is over.</p><p>Driven by policies, Xinchuang rises in an all-round way</p><p>If there is any sector that is the hottest recently, Xinchuang must be on the list.</p><p>Looking back at the entire month of October, in just 16 trading days, the Wind Xinchuang Industrial Index rose by nearly 12% cumulatively, while the Shanghai Composite Index fell by 4% during the same period.</p><p>Against the background of the hot track, the stock prices of relevant leading companies have soared. Since October,<a href=\"https://laohu8.com/S/002528\">Infineon</a>A cumulative increase of 256%,<a href=\"https://laohu8.com/S/600602\">Yunsai Zhilian</a>With a cumulative rise of nearly 54%, Zhenshitong,<a href=\"https://laohu8.com/S/002315\">Focus Technology</a>, Jiuqi Software,<a href=\"https://laohu8.com/S/600476\">Xiangyou Technology</a>All rose by more than 40%,<a href=\"https://laohu8.com/S/688111\">Kingsoft Office</a>Up more than 31%.</p><p><img src=\"https://static.tigerbbs.com/69c577cad70894876e235c955aefdf29\" tg-width=\"828\" tg-height=\"690\" referrerpolicy=\"no-referrer\"/></p><p>\"Xinchuang\" refers to the information technology application innovation industry, which mainly covers four major sectors: basic hardware, basic software, application software and information security. It is the foundation of data security and network security and an important part of new infrastructure.</p><p><img src=\"https://static.tigerbbs.com/865986dd8258a2f3efc820494ca18a0d\" tg-width=\"865\" tg-height=\"549\" referrerpolicy=\"no-referrer\"/>Since 2006, when the State Council proposed to list core electronic devices, high-end general-purpose chips and basic software products as one of the 16 major scientific and technological projects, the Xinchuang industry has begun to take root. After 2019, the number of relevant policies showed explosive growth, and the development of Xinchuang industry officially ushered in the \"golden three years\".</p><p>The rise of the Xinchuang sector is also driven by policies.</p><p>At the end of September this year, the state issued Document No. 79 to comprehensively guide the development and progress of the state-owned information innovation industry, requiring 100% of central and state-owned enterprises to complete information innovation replacement by 2027, covering chips, basic software, operating systems, middleware and other fields.</p><p>Looking forward to the future, Kaiyuan Securities said,<b>The next five years will be a critical period for the development of \"Daxinchuang\", with broad room for development. In the short term, 2022 is the first year of industry innovation. Starting from 2023, the localization of eight key industries including finance, operators, and electric power is expected to accelerate. At the same time, relevant policy catalysis is expected to be gradually implemented, boosting market confidence.</b></p><p>Global energy is becoming increasingly tight, and \"coal super wind\" is sweeping A-shares</p><p>Coal is definitely the \"most beautiful boy\" among all A-share sectors this year. Taking Shenwan's first-level industry as an example, as of December 29 this year, the Shenwan Coal Industry Index has increased by 10.8% during the year, ranking first among 31 industries. Although the prosperity of the coal sector has declined since the fourth quarter, it is still the only sector that has risen in the first three quarters, and its performance is quite strong.</p><p><img src=\"https://static.tigerbbs.com/f6e2f14dd791d31ce302cc9328f57c5c\" tg-width=\"865\" tg-height=\"522\" referrerpolicy=\"no-referrer\"/></p><p>Among individual stocks,<a href=\"https://laohu8.com/S/600546\">Shanxi Coal International</a>The increase ranked first, with a cumulative increase of nearly 134% during the year;<a href=\"https://laohu8.com/S/000933\">Shenhuo shares</a>、<a href=\"https://laohu8.com/S/601225\">Shaanxi coal industry</a>It rose by more than 70%, Lu'an Environmental Energy, Yankuang Energy, Shanxi Coking Coal, etc. all rose by more than 50%.</p><p><img src=\"https://static.tigerbbs.com/e88a809aaef3b5f928d58e4f1d303cc2\" tg-width=\"780\" tg-height=\"809\" referrerpolicy=\"no-referrer\"/></p><p>It is generally believed that the fundamental reason for the strong performance of the coal sector in the past year lies in the supply imbalance in the context of the energy cycle.</p><p>Changes in the global energy landscape, geopolitical crises and other factors have exacerbated the supply risks in the global energy market, and the \"coal grabbing\" sentiment in the international market has increased accordingly. According to an IEA report, global coal usage will increase by 1.2% this year, with annual usage exceeding 8 billion tons for the first time, exceeding the historical record set in 2013.</p><p>At the same time, domestic coal production hit record highs, driven by demand. Data released by the National Energy Administration shows that the national coal output from January to November was 4.09 billion tons, a year-on-year increase of 9.7% and an increase of 360 million tons over the same period last year.</p><p>In 2021, there will be a \"coal flying dance\", and in 2022, there will be bursts of \"coal super wind\". Will there be \"coal opening three times\" in 2023?</p><p>In this regard,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the research report, the current supply of coking coal is tight and the inventory is at an absolute low level in history. With the acceleration of the construction of the subsequent 14th Five-Year Plan project and the marginal improvement of real estate demand, it is expected that the prosperity of the coking coal industry will pick up, which will make the coking coal sector Valuations are ushering in a recovery. At the same time, under the background of global basic energy shortage, thermal coal prices have stabilized at high levels, corporate profits have high certainty, and they have the attributes of high dividends and high Dividend, highlighting long-term investment value. It is expected that the investment logic of the sector in 2023 will mainly be on the demand side, and we are optimistic about the recovery of industry demand in the second half of the year.</p><p>Under the \"valuation system with Chinese characteristics\", the Chinese prefix exploded</p><p>According to Xinhua News Agency, China Securities Regulatory Commission Chairman Yi Huiman said on the 21st of 2022<a href=\"https://laohu8.com/S/000402\">Financial Street</a>At the annual meeting of the Forum<a href=\"https://laohu8.com/S/00170\">China Capital</a>Market construction and development made a speech, specifically pointing out that \"explore the establishment of a valuation system with Chinese characteristics to promote the better function of market resource allocation\".</p><p>Affected by the good news, in the week of November 21, the concept stocks with Chinese prefixes went up across the board when the market was pulling back, and continued to stage a daily limit tide. Judging from the performance in the past two months, the rise of Chinese prefix concept stocks is amazing. Among them, China National Heavy Duty Truck and China Pharmaceutical have risen by more than 40%, and Chinese films,<a href=\"https://laohu8.com/S/600050\">China Unicom</a>, Chinese software has risen by more than 30% cumulatively,<a href=\"https://laohu8.com/S/002116\">China Haicheng</a>、<a href=\"https://laohu8.com/S/600730\">China High-Tech</a>、<a href=\"https://laohu8.com/S/601601\">China Pacific Insurance</a>The cumulative increase has exceeded 20%.</p><p><img src=\"https://static.tigerbbs.com/f178324186b42df872b80e2d2608064d\" tg-width=\"508\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>In the traditional valuation system, central enterprises with controllable risks but relatively limited growth are often in a valuation depression, falling into the dilemma of \"better performance\" matching \"worse valuation\". However, under the concept of \"valuation system with Chinese characteristics\", many analysts believe that the intrinsic value of central enterprises may be re-recognized.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>Dai Kang once stated in a research report that low valuation, high dividends, abundant cash flow, and stable profitability are all significant advantages of central enterprises. He also said that in the past era of globalization, the advantages of \"high profit margins\" and \"high leverage ratios\" supported the 20-year bull growth of US stocks FAANG. Under the current trend of \"anti-globalization\", \"safety\" takes precedence over \"efficiency\", and the \"high profit margin\" advantage of central enterprises also has a lot of room for improvement, which is expected to give birth to China's FAANG.</p><p>Demon King of the Year: 101 trading days, 13 times of interval increase</p><p>During the two A-share bottom out this year, various N-board \"demon stocks\" appeared, such as<a href=\"https://laohu8.com/S/002761\">Zhejiang Jiantou</a>、<a href=\"https://laohu8.com/S/000736\">CCCC Real Estate</a>、<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>、<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>... But when it comes to the \"king of demons\" in 2022, it must be Jiu'an Medical, the leader in new crown testing.</p><p>On November 7, Jiu'an Medical announced that its subsidiary's new crown antigen home self-test kit was authorized by the US FDA, which kicked off its stock price skyrocketing; Next, a number of large international orders made Jiu'an Medical come up with a shining first-quarter performance report: revenue increased by 66 times year-on-year, and net profit increased by 375 times year-on-year, further pushing the company's stock price to the closing peak of 89.45 yuan.</p><p>Specifically, from the opening on November 15, 2021 to the closing on April 14, 2022, in 101 trading days, Jiu'an Medical has gained 38 daily limit boards. The maximum number of consecutive daily limit days is 9 consecutive boards, and the cumulative increase in the range is as high as an astonishing 1333%.</p><p>From April 15th, this \"demon wind\" began to fade. After the completion of the large order, Jiu'an Medical's performance declined rapidly. In the second quarter, its revenue and net profit both fell by more than 90% month-on-month, and continued to decline by more than 10% month-on-month in the third quarter. Without the support of performance, the company's stock price has been falling all the way, and now it has a pullback/retracement of nearly 42% from a historical high.</p><p><img src=\"https://static.tigerbbs.com/621d1d6c633b5c6d42786300f6dba7dc\" tg-width=\"865\" tg-height=\"652\" referrerpolicy=\"no-referrer\"/></p><p>As far as the performance in the first three quarters of this year is concerned, Jiu'an Medical's revenue increased by 3,000% year-on-year, and its net profit increased by 32,000% year-on-year, far exceeding other concept stocks in terms of scale and speed. In addition, Jiu'an Medical received another large order from the United States in November, and its rapid growth performance is expected to continue in the fourth quarter.</p><p>However, it is worth noting that with the continuous optimization of COVID-19 pandemic prevention and control measures in China, the normalization of epidemic prevention and control policies in the European and American markets, and the rapid decline in demand for nucleic acid testing, can Jiu'an Medical's performance and stock price return to their peak?</p><p>6 billion in 45 days, Hendi Pharmaceuticals made money with ibuprofen</p><p>Recently, ibuprofen is hard to find, making Hendi Pharmaceutical, the second largest ibuprofen raw material drug company in China, once the darling of the capital market.</p><p>From November 24th to December 16th, in less than a month, the stock price of Hendi Pharmaceuticals soared from 23.65 yuan to 55.63 yuan, almost doubling.</p><p><img src=\"https://static.tigerbbs.com/61bb59abcab626549c6d3774767d7f3b\" tg-width=\"865\" tg-height=\"772\" referrerpolicy=\"no-referrer\"/></p><p>The stock price continues to rise, and the family of Liu Yiqian, the actual controller of Hendi Pharmaceuticals, has increased its book wealth by nearly 6 billion yuan in just 45 days, which is really a profit.</p><p>But in fact,<b>The performance of Hendi Pharmaceuticals over the past year has not been satisfactory.</b>Due to the continued decline in revenue from ibuprofen APIs, the company's net profit attributable to the parent company in 2021 will decrease by 28% year-on-year, while it will continue to decline by 21% in the first three quarters of this year.</p><p>At present, the upstream supply of raw materials for ibuprofen is sufficient, and raw material manufacturers also have sufficient production capacity. However, the competition in the industry is still fierce. I believe that the dividends of the new crown antipyretics will not last too long.</p><p>Smart capital markets have long realized this,<b>Hendy Pharmaceutical's share price quickly pulled back after peaking. Up to now, it has dropped by nearly 38% from its high point on the 16th. In addition, the share price of Xinhua Pharmaceutical, the largest ibuprofen raw material factory in China, has dropped by nearly 35% from its high point in mid-December.</b></p><p>The company behind \"A Sheep\": earned 1 billion and paid 1 billion in dividends</p><p>In 2022, this casual mini-game with simple gameplay but extremely high difficulty coefficient will become a mess, and Gigabit, a listed company behind it, will become the focus of market attention.</p><p><img src=\"https://static.tigerbbs.com/81c11e46e95378b8e1339f10fd72b425\" tg-width=\"581\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/></p><p>According to public information, Gigabit was established in 2004 and is mainly engaged in the planning, research and development and operation of online games. Its representative works include \"Asking\", \"Moore Manor\", \"One Thought of Happiness\" and \"Obi Island\".</p><p>Gigabit holds a 20% stake in Beijing Jianyou Technology Co., Ltd., the developer of Sheep, but the profit of the game has little impact on the company's overall financial affairs. Therefore, although \"A Sheep\" has brought a lot of exposure to Gigabit, it still cannot drive its stock price up. On the contrary, its share price has fallen by more than 22% from its highs in early January.</p><p><img src=\"https://static.tigerbbs.com/f93eb4ce4bdd561f48b9a5a2da9fc99c\" tg-width=\"1024\" tg-height=\"775\" referrerpolicy=\"no-referrer\"/></p><p><b>What really makes Gigabit out of the circle is the extremely luxurious \"clearance dividend\".</b></p><p>On October 26, Gigabit released its third quarter financial report. The financial report shows that Gigabit's net profit in the first three quarters was 1.012 billion yuan, a year-on-year decrease of 16.07%. At the same time, a profit distribution plan was announced, that is, a cash dividend of 140 yuan (tax included) will be distributed for every 10 shares, with a total cash dividend of 1.006 billion yuan (tax included).</p><p>In other words,<b>Gigabit, whose net profit declined, split all three quarters of profits in one go. After the announcement of the large-scale dividend plan, Gigabit's stock price rose from 241.33 yuan/share that day to 335.35 yuan/share on November 17.</b></p><p>It is worth noting that Lu Hongyan, the actual controller and chairman of Gigabit, received about 303 million yuan in cash through this dividend, accounting for 30.1% of the total dividends. In addition, the top ten shareholders such as Gigabit Vice Chairman Chen Tuolin and Huang Zhihui can also receive dividends of approximately 155 million yuan.</p><p>What's even more shocking is that large cash dividends are not uncommon for Gigabit. As the \"Maotai in the game industry\", Gigabit once distributed 160 yuan in 10 yuan last year, with a total cash of 1.15 billion yuan.</p><p>Are A-shares about to usher in the Web3.0 era?</p><p>When the Internet industry as a whole is sluggish, the concept of Web3.0 is extremely popular.</p><p>On the one hand, it is reported that the post-00s generation is crazily pouring into Web3.0 and making it the first choice for careers. On the other hand, venture capital institutions are betting heavily on Web3. At that time, Stephen Chow wrote \"Looking for distinctive and outstanding Web3.0 talents in the dark\" The recruitment advertisement has added another fire to Web3.0. When this craze poured into A-shares, a Web3.0 track worth hundreds of billions was born.</p><p><img src=\"https://static.tigerbbs.com/5bab76da8c6f2483abafbc0cbfae6309\" tg-width=\"827\" tg-height=\"1454\" referrerpolicy=\"no-referrer\"/></p><p>Since November,<b>Web3.0 concept stocks continue to be active, and the limelight is unique.</b>Related concept stocks<a href=\"https://laohu8.com/S/002235\">Anne Shares</a>In the past two months, it has increased by nearly 83%.<a href=\"https://laohu8.com/S/002995\">World Online</a>A cumulative increase of 77%,<a href=\"https://laohu8.com/S/300051\">35 Internet</a>A cumulative increase of 65%,<a href=\"https://laohu8.com/S/300071\">Fushi Holdings</a>A cumulative increase of 45%,<a href=\"https://laohu8.com/S/300364\">Chinese Online</a>A cumulative increase of 42%.</p><p>According to the description of technology entrepreneur and investor Chris Dixon, Web3.0 is an Internet of builders and users. Jiangxia, a researcher at research institute Messari, described Web3.0 as \"readable + writable + owned\". Zhu Zhu, an analyst in the Internet media industry of Huaxin Securities, explained that in the era of Web3.0, users will enjoy real data autonomy and can really benefit from data circulation and transactions, so that their data is no longer a free resource of the Internet platform.</p><p>Europeans bought Chinese electric blankets and other \"eight-piece winter sets\" to lead flying industrial chain companies</p><p>In order to survive this winter of energy shortage, European consumers have turned their attention to China's \"heating artifact\".</p><p>Electric blankets, bare-legged artifacts, autumn clothes and autumn trousers, flannel pajamas, hot water bottles, hand warmers, heaters and turtleneck sweaters, the traditional Chinese \"eight-piece winter set\" have all been bought by Europeans. Surprisingly, heating concept stocks were also \"bought up\" by Chinese investors.<a href=\"https://laohu8.com/S/003023\">Rainbow Group</a>Is the biggest \"lucky one\" among them.</p><p>Rainbow Group's stock price rose sharply from 18.04 yuan on August 31 to 40.70 yuan at the close on October 14, and its market value also climbed from 1.884 billion yuan in early September to 4.290 billion yuan. Moreover, Rainbow Group achieved 8 daily limits in the 12 trading days since September 21st, and hit an all-time high on October 14th.</p><p><img src=\"https://static.tigerbbs.com/f68047153f35b980b47b8409ae41aab5\" tg-width=\"865\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>The amazing performance also attracted a letter of concern from Shenzhen Stock Exchange. On the evening of October 13, Rainbow Group responded to the letter of concern from the Shenzhen Stock Exchange, saying that in 2022, the company will receive some product export orders, and the overall quantity is small and the amount is low. As of the end of June, Rainbow Group had achieved overseas sales revenue of 210,000 yuan of household flexible heating products such as electric blankets, and the current order amount in hand is about 1.33 million yuan.</p><p>After Rainbow Group responded to the letter of concern, the company's stock price continued to fall, and so far it has spit out most of the gains.</p><p></body></html></p>","source":"wallstreetcn_api","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>Top ten A-share events in 2022: \"Ning Wang\" becomes \"Ning Zi\", and the demon king goes out of the market 10 times</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop ten A-share events in 2022: \"Ning Wang\" becomes \"Ning Zi\", and the demon king goes out of the market 10 times\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-12-31 14:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Ups and downs, and the good show continues!</p><p>A-shares have just ended their trading day in 2022.</p><p>In the past year, under the attack of negative factors such as the Federal Reserve's rate hike, the Russia-Ukraine conflict, and the supply chain, A-shares bottomed out twice during the year, falling below 3,000 points four times. As of the close of trading on December 30, the Shanghai Composite Index has fallen by more than 15% this year, the Shenzhen Component Index has fallen by nearly 26%, and the ChiNext Index has fallen by more than 29%.</p><p>Except for the strong performance of the coal sector, most A-share sectors have been impacted to varying degrees. With the landing of the \"three arrows\", real estate has ushered in a strong rebound recently, but in the end it failed to reverse the decline during the year; The performance of the liquor industry, which achieved good financial results during the year, is not very optimistic. But what is comforting is that the Xinchuang industry related to national security and the hot Web3.0 have achieved good results in the capital market. Under the guidance of the \"valuation system with Chinese characteristics\", low-valued companies with Chinese prefixes have also ushered in a long-lost outbreak.</p><p>From a microscopic perspective,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>Still the company with the highest value in the A-share market, the king of lithium batteries<a href=\"https://laohu8.com/S/300750\">Ningde era</a>The glory is no longer there, and the market value has fallen below one trillion during the year.<a href=\"https://laohu8.com/S/002432\">Jiu'an Medical</a>Then it became the largest monster stock of the year, with an increase of 13 times in 101 trading days. With the continuous optimization of domestic epidemic prevention and control policies,<a href=\"https://laohu8.com/S/301211\">Hendi Pharmaceutical</a>Waiting for antipyretic concept stocks to usher in a surge. Listed companies associated with \"Sheep Liao Ge Sheep\"<a href=\"https://laohu8.com/S/603444\">Gigabit</a>Because of the \"clearance dividend\", it has become the object of the whole network.</p><p>Two bottoms, two rallies</p><p>Under the combined action of multiple factors, A-shares have bottomed out twice this year.</p><p>The first bottom began at the beginning of the year. The Shanghai Composite Index fell from a high of 3,651.89 points in early January to 2,863.65 points on April 27, which took three and a half months. Other major indexes fell across the board, with the Shenzhen Component Index falling nearly 28% and the Growth Enterprise Market falling more than 35%.</p><p>The second dip occurred in the middle of the year. The Shanghai Composite Index started its decline on July 5th and fell to 2893 points on October 31st. Other major stock indexes fell across the board again.</p><p><img src=\"https://static.tigerbbs.com/f00ff4e1dee3d46ddac730828bf8fb7e\" tg-width=\"1024\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p>Looking deeper into the reasons for the decline in A-shares, Wang Lei, investment director of Jurong Assets, told the Economic Observer that the Shanghai Composite Index experienced a stampede in mid-March, mainly due to the conflict between Russia and Ukraine and the US attack on the audit of Chinese concept stocks. The sharp decline at the end of April was due to the short-term collapse of economic data, and the sharp decline in early November was due to weak investor confidence; What the above-mentioned rounds of exploration have in common is that the impact of external factors leads to the scarcity of investor confidence.</p><p>Of course, after the bottom, A-shares ushered in two rounds of violent rises: from April 27th to July 5th, the Shanghai Composite Index rebounded by 17%, and the Growth Enterprise Market rebounded by 32%; In addition, since November, the Shanghai Composite Index has risen by 7% and the Shenzhen Component Index has risen by 6%.</p><p>Looking forward to 2023,<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>The latest report points out that the improvement of profit expectations such as the restraining policy shift and post-epidemic opening up, the rising certainty of the internal and external macro environment, and the return space implied by the policy bottom, economic bottom and valuation bottom will push 2023 to become the starting point of a new round of bull market..</p><p>\"Ning Wang\" becomes \"Ning Zi\"? Fall below trillion market capitalization</p><p>In the hottest years of the new energy track, CATL's stock price has soared from 40 yuan to a maximum of 692 yuan per share in 2021, and its market value once exceeded 1.6 trillion yuan.</p><p>But in 2022, the Ningde era failed at the beginning, and its first-quarter financial report fell into the curse of increasing revenue but not increasing profits. At that time, doubts flooded the entire market. On April 20, the stock price of Ningde Times suffered a heavy loss, closing down 7.55% on the same day to 407 yuan per share, with a total market value of 948.7 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/f77a5aa2bafde36e5f23337738a8987e\" tg-width=\"865\" tg-height=\"568\" referrerpolicy=\"no-referrer\"/></p><p>In the following days, CATL's stock price experienced a rebound in June, and then continued its pullback/retracement again in September, currently hovering around 400 yuan.<b>The market value has evaporated by about 600 billion yuan from the peak, which can be called the stock with the most serious market value evaporation of A shares this year.</b></p><p>During this period, CATL handed over financial reports for the second and third quarters that exceeded expectations. Not only did it receive huge orders from BMW and Honda, but it was also preparing to build factories in North America. It can be said that there is constant good news. But this has not completely restored investors' confidence in it. As the \"sky-high price\" of lithium continues to compress the profit margin of batteries, former partners have rebelled one after another, the oversupply of power batteries has begun to emerge, and the competition in the industry is becoming fierce. The era of making money is over.</p><p>Driven by policies, Xinchuang rises in an all-round way</p><p>If there is any sector that is the hottest recently, Xinchuang must be on the list.</p><p>Looking back at the entire month of October, in just 16 trading days, the Wind Xinchuang Industrial Index rose by nearly 12% cumulatively, while the Shanghai Composite Index fell by 4% during the same period.</p><p>Against the background of the hot track, the stock prices of relevant leading companies have soared. Since October,<a href=\"https://laohu8.com/S/002528\">Infineon</a>A cumulative increase of 256%,<a href=\"https://laohu8.com/S/600602\">Yunsai Zhilian</a>With a cumulative rise of nearly 54%, Zhenshitong,<a href=\"https://laohu8.com/S/002315\">Focus Technology</a>, Jiuqi Software,<a href=\"https://laohu8.com/S/600476\">Xiangyou Technology</a>All rose by more than 40%,<a href=\"https://laohu8.com/S/688111\">Kingsoft Office</a>Up more than 31%.</p><p><img src=\"https://static.tigerbbs.com/69c577cad70894876e235c955aefdf29\" tg-width=\"828\" tg-height=\"690\" referrerpolicy=\"no-referrer\"/></p><p>\"Xinchuang\" refers to the information technology application innovation industry, which mainly covers four major sectors: basic hardware, basic software, application software and information security. It is the foundation of data security and network security and an important part of new infrastructure.</p><p><img src=\"https://static.tigerbbs.com/865986dd8258a2f3efc820494ca18a0d\" tg-width=\"865\" tg-height=\"549\" referrerpolicy=\"no-referrer\"/>Since 2006, when the State Council proposed to list core electronic devices, high-end general-purpose chips and basic software products as one of the 16 major scientific and technological projects, the Xinchuang industry has begun to take root. After 2019, the number of relevant policies showed explosive growth, and the development of Xinchuang industry officially ushered in the \"golden three years\".</p><p>The rise of the Xinchuang sector is also driven by policies.</p><p>At the end of September this year, the state issued Document No. 79 to comprehensively guide the development and progress of the state-owned information innovation industry, requiring 100% of central and state-owned enterprises to complete information innovation replacement by 2027, covering chips, basic software, operating systems, middleware and other fields.</p><p>Looking forward to the future, Kaiyuan Securities said,<b>The next five years will be a critical period for the development of \"Daxinchuang\", with broad room for development. In the short term, 2022 is the first year of industry innovation. Starting from 2023, the localization of eight key industries including finance, operators, and electric power is expected to accelerate. At the same time, relevant policy catalysis is expected to be gradually implemented, boosting market confidence.</b></p><p>Global energy is becoming increasingly tight, and \"coal super wind\" is sweeping A-shares</p><p>Coal is definitely the \"most beautiful boy\" among all A-share sectors this year. Taking Shenwan's first-level industry as an example, as of December 29 this year, the Shenwan Coal Industry Index has increased by 10.8% during the year, ranking first among 31 industries. Although the prosperity of the coal sector has declined since the fourth quarter, it is still the only sector that has risen in the first three quarters, and its performance is quite strong.</p><p><img src=\"https://static.tigerbbs.com/f6e2f14dd791d31ce302cc9328f57c5c\" tg-width=\"865\" tg-height=\"522\" referrerpolicy=\"no-referrer\"/></p><p>Among individual stocks,<a href=\"https://laohu8.com/S/600546\">Shanxi Coal International</a>The increase ranked first, with a cumulative increase of nearly 134% during the year;<a href=\"https://laohu8.com/S/000933\">Shenhuo shares</a>、<a href=\"https://laohu8.com/S/601225\">Shaanxi coal industry</a>It rose by more than 70%, Lu'an Environmental Energy, Yankuang Energy, Shanxi Coking Coal, etc. all rose by more than 50%.</p><p><img src=\"https://static.tigerbbs.com/e88a809aaef3b5f928d58e4f1d303cc2\" tg-width=\"780\" tg-height=\"809\" referrerpolicy=\"no-referrer\"/></p><p>It is generally believed that the fundamental reason for the strong performance of the coal sector in the past year lies in the supply imbalance in the context of the energy cycle.</p><p>Changes in the global energy landscape, geopolitical crises and other factors have exacerbated the supply risks in the global energy market, and the \"coal grabbing\" sentiment in the international market has increased accordingly. According to an IEA report, global coal usage will increase by 1.2% this year, with annual usage exceeding 8 billion tons for the first time, exceeding the historical record set in 2013.</p><p>At the same time, domestic coal production hit record highs, driven by demand. Data released by the National Energy Administration shows that the national coal output from January to November was 4.09 billion tons, a year-on-year increase of 9.7% and an increase of 360 million tons over the same period last year.</p><p>In 2021, there will be a \"coal flying dance\", and in 2022, there will be bursts of \"coal super wind\". Will there be \"coal opening three times\" in 2023?</p><p>In this regard,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the research report, the current supply of coking coal is tight and the inventory is at an absolute low level in history. With the acceleration of the construction of the subsequent 14th Five-Year Plan project and the marginal improvement of real estate demand, it is expected that the prosperity of the coking coal industry will pick up, which will make the coking coal sector Valuations are ushering in a recovery. At the same time, under the background of global basic energy shortage, thermal coal prices have stabilized at high levels, corporate profits have high certainty, and they have the attributes of high dividends and high Dividend, highlighting long-term investment value. It is expected that the investment logic of the sector in 2023 will mainly be on the demand side, and we are optimistic about the recovery of industry demand in the second half of the year.</p><p>Under the \"valuation system with Chinese characteristics\", the Chinese prefix exploded</p><p>According to Xinhua News Agency, China Securities Regulatory Commission Chairman Yi Huiman said on the 21st of 2022<a href=\"https://laohu8.com/S/000402\">Financial Street</a>At the annual meeting of the Forum<a href=\"https://laohu8.com/S/00170\">China Capital</a>Market construction and development made a speech, specifically pointing out that \"explore the establishment of a valuation system with Chinese characteristics to promote the better function of market resource allocation\".</p><p>Affected by the good news, in the week of November 21, the concept stocks with Chinese prefixes went up across the board when the market was pulling back, and continued to stage a daily limit tide. Judging from the performance in the past two months, the rise of Chinese prefix concept stocks is amazing. Among them, China National Heavy Duty Truck and China Pharmaceutical have risen by more than 40%, and Chinese films,<a href=\"https://laohu8.com/S/600050\">China Unicom</a>, Chinese software has risen by more than 30% cumulatively,<a href=\"https://laohu8.com/S/002116\">China Haicheng</a>、<a href=\"https://laohu8.com/S/600730\">China High-Tech</a>、<a href=\"https://laohu8.com/S/601601\">China Pacific Insurance</a>The cumulative increase has exceeded 20%.</p><p><img src=\"https://static.tigerbbs.com/f178324186b42df872b80e2d2608064d\" tg-width=\"508\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>In the traditional valuation system, central enterprises with controllable risks but relatively limited growth are often in a valuation depression, falling into the dilemma of \"better performance\" matching \"worse valuation\". However, under the concept of \"valuation system with Chinese characteristics\", many analysts believe that the intrinsic value of central enterprises may be re-recognized.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>Dai Kang once stated in a research report that low valuation, high dividends, abundant cash flow, and stable profitability are all significant advantages of central enterprises. He also said that in the past era of globalization, the advantages of \"high profit margins\" and \"high leverage ratios\" supported the 20-year bull growth of US stocks FAANG. Under the current trend of \"anti-globalization\", \"safety\" takes precedence over \"efficiency\", and the \"high profit margin\" advantage of central enterprises also has a lot of room for improvement, which is expected to give birth to China's FAANG.</p><p>Demon King of the Year: 101 trading days, 13 times of interval increase</p><p>During the two A-share bottom out this year, various N-board \"demon stocks\" appeared, such as<a href=\"https://laohu8.com/S/002761\">Zhejiang Jiantou</a>、<a href=\"https://laohu8.com/S/000736\">CCCC Real Estate</a>、<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>、<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>... But when it comes to the \"king of demons\" in 2022, it must be Jiu'an Medical, the leader in new crown testing.</p><p>On November 7, Jiu'an Medical announced that its subsidiary's new crown antigen home self-test kit was authorized by the US FDA, which kicked off its stock price skyrocketing; Next, a number of large international orders made Jiu'an Medical come up with a shining first-quarter performance report: revenue increased by 66 times year-on-year, and net profit increased by 375 times year-on-year, further pushing the company's stock price to the closing peak of 89.45 yuan.</p><p>Specifically, from the opening on November 15, 2021 to the closing on April 14, 2022, in 101 trading days, Jiu'an Medical has gained 38 daily limit boards. The maximum number of consecutive daily limit days is 9 consecutive boards, and the cumulative increase in the range is as high as an astonishing 1333%.</p><p>From April 15th, this \"demon wind\" began to fade. After the completion of the large order, Jiu'an Medical's performance declined rapidly. In the second quarter, its revenue and net profit both fell by more than 90% month-on-month, and continued to decline by more than 10% month-on-month in the third quarter. Without the support of performance, the company's stock price has been falling all the way, and now it has a pullback/retracement of nearly 42% from a historical high.</p><p><img src=\"https://static.tigerbbs.com/621d1d6c633b5c6d42786300f6dba7dc\" tg-width=\"865\" tg-height=\"652\" referrerpolicy=\"no-referrer\"/></p><p>As far as the performance in the first three quarters of this year is concerned, Jiu'an Medical's revenue increased by 3,000% year-on-year, and its net profit increased by 32,000% year-on-year, far exceeding other concept stocks in terms of scale and speed. In addition, Jiu'an Medical received another large order from the United States in November, and its rapid growth performance is expected to continue in the fourth quarter.</p><p>However, it is worth noting that with the continuous optimization of COVID-19 pandemic prevention and control measures in China, the normalization of epidemic prevention and control policies in the European and American markets, and the rapid decline in demand for nucleic acid testing, can Jiu'an Medical's performance and stock price return to their peak?</p><p>6 billion in 45 days, Hendi Pharmaceuticals made money with ibuprofen</p><p>Recently, ibuprofen is hard to find, making Hendi Pharmaceutical, the second largest ibuprofen raw material drug company in China, once the darling of the capital market.</p><p>From November 24th to December 16th, in less than a month, the stock price of Hendi Pharmaceuticals soared from 23.65 yuan to 55.63 yuan, almost doubling.</p><p><img src=\"https://static.tigerbbs.com/61bb59abcab626549c6d3774767d7f3b\" tg-width=\"865\" tg-height=\"772\" referrerpolicy=\"no-referrer\"/></p><p>The stock price continues to rise, and the family of Liu Yiqian, the actual controller of Hendi Pharmaceuticals, has increased its book wealth by nearly 6 billion yuan in just 45 days, which is really a profit.</p><p>But in fact,<b>The performance of Hendi Pharmaceuticals over the past year has not been satisfactory.</b>Due to the continued decline in revenue from ibuprofen APIs, the company's net profit attributable to the parent company in 2021 will decrease by 28% year-on-year, while it will continue to decline by 21% in the first three quarters of this year.</p><p>At present, the upstream supply of raw materials for ibuprofen is sufficient, and raw material manufacturers also have sufficient production capacity. However, the competition in the industry is still fierce. I believe that the dividends of the new crown antipyretics will not last too long.</p><p>Smart capital markets have long realized this,<b>Hendy Pharmaceutical's share price quickly pulled back after peaking. Up to now, it has dropped by nearly 38% from its high point on the 16th. In addition, the share price of Xinhua Pharmaceutical, the largest ibuprofen raw material factory in China, has dropped by nearly 35% from its high point in mid-December.</b></p><p>The company behind \"A Sheep\": earned 1 billion and paid 1 billion in dividends</p><p>In 2022, this casual mini-game with simple gameplay but extremely high difficulty coefficient will become a mess, and Gigabit, a listed company behind it, will become the focus of market attention.</p><p><img src=\"https://static.tigerbbs.com/81c11e46e95378b8e1339f10fd72b425\" tg-width=\"581\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/></p><p>According to public information, Gigabit was established in 2004 and is mainly engaged in the planning, research and development and operation of online games. Its representative works include \"Asking\", \"Moore Manor\", \"One Thought of Happiness\" and \"Obi Island\".</p><p>Gigabit holds a 20% stake in Beijing Jianyou Technology Co., Ltd., the developer of Sheep, but the profit of the game has little impact on the company's overall financial affairs. Therefore, although \"A Sheep\" has brought a lot of exposure to Gigabit, it still cannot drive its stock price up. On the contrary, its share price has fallen by more than 22% from its highs in early January.</p><p><img src=\"https://static.tigerbbs.com/f93eb4ce4bdd561f48b9a5a2da9fc99c\" tg-width=\"1024\" tg-height=\"775\" referrerpolicy=\"no-referrer\"/></p><p><b>What really makes Gigabit out of the circle is the extremely luxurious \"clearance dividend\".</b></p><p>On October 26, Gigabit released its third quarter financial report. The financial report shows that Gigabit's net profit in the first three quarters was 1.012 billion yuan, a year-on-year decrease of 16.07%. At the same time, a profit distribution plan was announced, that is, a cash dividend of 140 yuan (tax included) will be distributed for every 10 shares, with a total cash dividend of 1.006 billion yuan (tax included).</p><p>In other words,<b>Gigabit, whose net profit declined, split all three quarters of profits in one go. After the announcement of the large-scale dividend plan, Gigabit's stock price rose from 241.33 yuan/share that day to 335.35 yuan/share on November 17.</b></p><p>It is worth noting that Lu Hongyan, the actual controller and chairman of Gigabit, received about 303 million yuan in cash through this dividend, accounting for 30.1% of the total dividends. In addition, the top ten shareholders such as Gigabit Vice Chairman Chen Tuolin and Huang Zhihui can also receive dividends of approximately 155 million yuan.</p><p>What's even more shocking is that large cash dividends are not uncommon for Gigabit. As the \"Maotai in the game industry\", Gigabit once distributed 160 yuan in 10 yuan last year, with a total cash of 1.15 billion yuan.</p><p>Are A-shares about to usher in the Web3.0 era?</p><p>When the Internet industry as a whole is sluggish, the concept of Web3.0 is extremely popular.</p><p>On the one hand, it is reported that the post-00s generation is crazily pouring into Web3.0 and making it the first choice for careers. On the other hand, venture capital institutions are betting heavily on Web3. At that time, Stephen Chow wrote \"Looking for distinctive and outstanding Web3.0 talents in the dark\" The recruitment advertisement has added another fire to Web3.0. When this craze poured into A-shares, a Web3.0 track worth hundreds of billions was born.</p><p><img src=\"https://static.tigerbbs.com/5bab76da8c6f2483abafbc0cbfae6309\" tg-width=\"827\" tg-height=\"1454\" referrerpolicy=\"no-referrer\"/></p><p>Since November,<b>Web3.0 concept stocks continue to be active, and the limelight is unique.</b>Related concept stocks<a href=\"https://laohu8.com/S/002235\">Anne Shares</a>In the past two months, it has increased by nearly 83%.<a href=\"https://laohu8.com/S/002995\">World Online</a>A cumulative increase of 77%,<a href=\"https://laohu8.com/S/300051\">35 Internet</a>A cumulative increase of 65%,<a href=\"https://laohu8.com/S/300071\">Fushi Holdings</a>A cumulative increase of 45%,<a href=\"https://laohu8.com/S/300364\">Chinese Online</a>A cumulative increase of 42%.</p><p>According to the description of technology entrepreneur and investor Chris Dixon, Web3.0 is an Internet of builders and users. Jiangxia, a researcher at research institute Messari, described Web3.0 as \"readable + writable + owned\". Zhu Zhu, an analyst in the Internet media industry of Huaxin Securities, explained that in the era of Web3.0, users will enjoy real data autonomy and can really benefit from data circulation and transactions, so that their data is no longer a free resource of the Internet platform.</p><p>Europeans bought Chinese electric blankets and other \"eight-piece winter sets\" to lead flying industrial chain companies</p><p>In order to survive this winter of energy shortage, European consumers have turned their attention to China's \"heating artifact\".</p><p>Electric blankets, bare-legged artifacts, autumn clothes and autumn trousers, flannel pajamas, hot water bottles, hand warmers, heaters and turtleneck sweaters, the traditional Chinese \"eight-piece winter set\" have all been bought by Europeans. Surprisingly, heating concept stocks were also \"bought up\" by Chinese investors.<a href=\"https://laohu8.com/S/003023\">Rainbow Group</a>Is the biggest \"lucky one\" among them.</p><p>Rainbow Group's stock price rose sharply from 18.04 yuan on August 31 to 40.70 yuan at the close on October 14, and its market value also climbed from 1.884 billion yuan in early September to 4.290 billion yuan. Moreover, Rainbow Group achieved 8 daily limits in the 12 trading days since September 21st, and hit an all-time high on October 14th.</p><p><img src=\"https://static.tigerbbs.com/f68047153f35b980b47b8409ae41aab5\" tg-width=\"865\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>The amazing performance also attracted a letter of concern from Shenzhen Stock Exchange. On the evening of October 13, Rainbow Group responded to the letter of concern from the Shenzhen Stock Exchange, saying that in 2022, the company will receive some product export orders, and the overall quantity is small and the amount is low. As of the end of June, Rainbow Group had achieved overseas sales revenue of 210,000 yuan of household flexible heating products such as electric blankets, and the current order amount in hand is about 1.33 million yuan.</p><p>After Rainbow Group responded to the letter of concern, the company's stock price continued to fall, and so far it has spit out most of the gains.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3678760\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3b4a781f9c48e25cb027cb85e338c75","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3678760","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2295318833","content_text":"跌宕起伏，好戏不断！A股刚刚结束2022年的交易日。过去这一年，在美联储加息、俄乌冲突以及供应链等利空因素的夹击下，A股年内两度探底，四度跌破3000点。截止12月30日收盘，上证指数今年累计下跌超过15%，深成指跌幅接近26%，创业板指跌逾29%。除煤炭板块表现强势外，A股绝大多数板块均遭到不同程度的冲击。随着“三支箭”落地，房地产近期迎来了强势反弹，不过最终还是未能在年内扭转跌势；年内拿出不错财务成绩的白酒行业，表现也不太乐观。但值得安慰的是，事关国家安全的信创行业、火爆的Web3.0在资本市场取得了不俗的成绩，在“中国特色估值体系”的指引下，低估值的中字头公司也迎来了久违的爆发。从微观来看，贵州茅台仍是A股市值最高公司，锂电之王宁德时代风光不再，年内市值已跌破万亿，九安医疗则登上年度最大妖股宝座，101个交易日涨幅高达13倍。随着国内持续优化疫情防控政策，亨迪药业等退烧药概念股迎来一波大涨。《羊了个羊》关联上市公司吉比特因“清仓式分红”成为全网吃瓜对象。两次触底，两次反弹多因素共同作用下，A股今年出现两次探底回升。第一次探底始于年初，沪指从1月初的3651.89点高位下跌至4月27日的2863.65点，耗时3个半月，其他主要指数全线下跌，深成指累跌近28%，创业板累跌逾35%。第二次探底发生在年中，沪指从7月5日开启跌势，直至10月31日跌至2893点，其他主要股指再度全线下跌。深究A股下挫的原因，钜融资产投资总监王雷向经济观察报表示，沪指3月中出现踩踏行情，主因俄乌冲突叠加美方发难中概股审计事宜，4月末重跌则是因经济数据短期坍塌，11月初急挫则是投资者信心孱弱；上述几轮下探的共同点都在于外部因素冲击导致投资者信心稀缺。当然，探底之后A股则迎来了两轮暴力上涨：4月27日至7月5日，沪指累计反弹了17%，创业板累计反弹了32%；另外，11月以来，沪指累计上涨了7%，深成指累计上涨了6%。展望2023年，国泰君安最新报告指出，抑制性政策转向与疫后开放等盈利预期改善、内外宏观环境确定性上升以及政策底、经济底和估值底隐含的回报空间等将推动2023年成为新一轮牛市的起点。“宁王”变“宁子”？跌破万亿市值在新能源赛道最火爆的那几年，宁德时代股价从40元一路高歌猛进，到2021年涨至最高692元/股，市值一度突破1.6万亿元。但到了2022年，宁德时代开局即失利，一季度财报陷入了增收不增利的魔咒，彼时质疑声充斥着整个市场。4月20日，宁德时代股价遭遇重创，当日收跌7.55%，报407元/股，总市值9487亿元，这是自2021年5月登顶万亿后，宁德时代市值首次跌破万亿。在接下来的日子里，宁德时代股价经历了6月的回光返照，然后在9月份再次持续回撤，目前在400元附近徘徊，市值较峰值蒸发了约6000亿元左右，堪称A股今年市值蒸发最严重的股票。在其此期间，宁德时代交出了超预期的二三季度财报，不仅拿到了宝马、本田的超大订单，还准备在北美建厂，可谓好消息不断。但这并未能彻底挽回投资者对它的信心，随着 “天价”锂不断压缩电池利润空间，往日的合作伙伴接连反水，动力电池供应过剩初现端倪，行业竞争走向白热化，躺着赚钱的时代已经结束。政策驱动下，信创全面崛起如果说近期什么板块最火爆，信创一定榜上有名。回看整个十月份，仅仅16个交易日，万得信创产业指数累计涨幅接近12%，而同期沪指却跌了4%。在整个赛道火热的背景下，相关龙头股价一飞冲天。10月以来，英飞拓累涨256%，云赛智联累涨近54%，真视通、焦点科技、久其软件、湘邮科技均涨超40%，金山办公涨超31%。“信创”即信息技术应用创新产业，主要涵盖基础硬件、基础软件、应用软件、信息安全四大板块，是数据安全、网络安全的基础，也是新基建的重要组成部分。自2006年国务院将提出将核心电子器件、高端通用芯片及基础软件产品列为16个重大科技专项之一以来，信创产业开始生根发芽。2019年之后，相关政策数量呈现爆发式增长，信创产业的发展正式迎来“黄金三年”。本次信创板块的崛起，也正是由政策所驱动。今年9月底国家下发79号文，全面指导国资信创产业发展和进度，要求到2027年央企国企100%完成信创替代，替换范围涵盖芯片、基础软件、操作系统、中间件等领域。展望未来，开源证券表示，未来五年是“大信创”发展的关键时期，发展空间广阔。短期来看，2022年是行业信创的元年，从2023年开始，金融、运营商、电力等八大关键行业的国产化有望加速。同时，相关政策催化有望逐渐落地，提振市场信心。全球能源愈发紧俏，“煤超风”席卷A股煤炭绝对是今年A股所有板块中“最靓的仔”。以申万一级行业为例，今年截至12月29日，申万煤炭行业指数年内累计上涨10.8%，涨幅在31个行业中位居首位。虽然四季度以来，煤炭板块的景气度有所下行，但仍是前三季度唯一上涨的板块，表现相当强劲。个股中，山煤国际涨幅居首，年内累计上涨近134%；神火股份、陕西煤业涨超70%，潞安环能、兖矿能源、山西焦煤等均涨超50%。普遍认为，煤炭板块过去一年表现强势的根本原因在于能源大周期背景下的供给失衡。全球能源格局的转变、地缘政治危机等因素加剧全球能源市场的供给风险，国际市场“抢煤”情绪随之升温。据IEA报告显示，今年全球煤炭使用量将增长1.2%，年度使用量首次超过80亿吨，超过了2013年创下的历史记录。与此同时，国内煤炭产量在需求的推动下创下历史新高。国家能源局公布的数据显示，1-11月全国煤炭产量40.9亿吨，同比增长9.7%，比去年同期增加3.6亿吨。2021年上演“煤飞色舞”，2022年刮起阵阵“煤超风”，2023年是否会“煤开三度”?对此，中信证券在研报中表示，当前焦煤供给偏紧、且库存处于历史绝对低位，在后续十四五项目建设加快推进、地产需求边际改善的情形下，预计焦煤行业景气度将有所回暖，进而使焦煤板块估值迎来修复。同时全球基础能源不足的背景下，动力煤价格高位企稳、企业利润具有高确定性，兼具高分红、高股息属性，长期投资价值凸显。预计2023年板块投资逻辑主要在需求端，看好下半年行业需求的恢复。“中国特色估值体系”下，中字头爆发据新华社报道，证监会主席易会满21日在2022金融街论坛年会上对中国资本市场建设和发展作了讲话，特别指出“探索建立具有中国特色的估值体系，促进市场资源配置功能更好发挥”。受该利好消息影响，11月21日当周，中字头概念股在大盘回调之际全线上攻，连续上演涨停潮。从近两个月表现来看，中字头概念股涨势十分惊人，其中中国重汽、中国医药累计涨逾40%，中国电影、中国联通、中国软件累计涨逾30%，中国海诚、中国高科、中国太保累计涨逾20%。在传统的估值体系中，风险可控但成长性相对有限的央企往往身处估值洼地，陷入“更好业绩”匹配“更差估值”的窘境。但在“中国特色的估值体系”概念之下，不少分析师认为，央企的内在价值或将得到重新认识。广发证券戴康曾在研报中表示，低估值、高分红、现金流充沛、盈利稳定性等均为央企的显著优势。他还表示，在过去的全球化时代，“高利润率”和“高杠杆率”优势支撑美股FAANG的20年长牛。当前“逆全球化”大趋势下，“安全”优先于“效率”，央企的“高利润率”优势也有很大的提升空间，有望诞生出中国的FAANG。年度妖王：101个交易日，区间涨幅13倍在今年A股两次触底反弹的过程中，出现了各种N连板的“妖股”，比如浙江建投、中交地产、新华制药、中通客车……但当说起2022年的“妖中之王”时，非新冠检测龙头九安医疗莫属。11月7日，九安医疗公告称旗下子公司的新冠抗原家用自测试剂盒获美国FDA授权的公告，拉开了其股价暴涨的序幕；接下来，多份国际大单让九安医疗拿出了闪亮十足的一季度业绩报告：营收同比大增66倍，净利润同比增375倍，进一步把公司股价推上89.45元的收盘巅峰。具体来看，从2021年11月15日开盘到2022年4月14日收盘，101个交易日，九安医疗足足收获了38个涨停板，最大连续涨停天数为9连板，区间累计涨幅高达惊人的1333%。4月15日起，这股“妖风”便开始消退。在大单完成后，九安医疗业绩快速下滑，二季度营收、净利润均环比下滑超过90%，三季度继续环比下滑超过10%。没了业绩的支撑，公司股价一路走低，目前已从历史高位回撤近42%。就今年前三季表现而言，九安医疗营收同比增长3000%，净利润同比增长32000%，无论从规模上还是从速度上都远超其他概念股。另外，九安医疗11月再获美国大额订单，其高速增长的业绩有望在四季度持续。但值得注意的是，随着国内持续优化新冠疫情防控措施，欧美市场疫情防控政策趋向常态化，核酸检测需求快速回落的前景下，九安医疗的业绩与股价还能重回巅峰吗？45天60亿，亨迪药业靠布洛芬赚麻了近期布洛芬的一片难求，让国内第二大布洛芬原料药企业亨迪药业一度成为资本市场的宠儿。从11月24日至12月16日，不到一个月的时间，亨迪药业股价从23.65元飙升至55.63元，几乎翻了一番。股价持续走高，也让亨迪药业实控人刘益谦家族在短短45天内增加了近60亿元的账面财富，真可谓赚麻了。但事实上，亨迪药业上市一年多来的业绩表现并不理想。由于营收大头布洛芬类原料药收入持续下滑，公司2021年归母净利润同比减少28%，而今年前三季度继续下降21%。目前布洛芬上游原料供应充足，原料厂商也有足够的产能，而行业竞争依旧激烈，相信新冠退烧药的红利也不会持续太长时间。精明的资本市场也早已意识到这一点，亨迪药业股价触顶后迅速回调，截至目前已从16日的高点下跌近38%，此外，国内最大布洛芬原料厂新华制药股价已从12月中旬的高点下跌近35%。《羊了个羊》背后公司：赚了10个亿，分红10个亿2022年，这款玩法简单但难度系数极高的休闲小游戏火得一塌糊涂，也让其背后的一家上市公司吉比特成了市场关注的焦点。公开资料显示，吉比特成立于2004年，主要从事网络游戏的策划、研发及运营，代表作有《问道》《摩尔庄园》《一念逍遥》《奥比岛》。吉比特持有《羊了个羊》研发商北京简游科技有限公司20%的股权，但该游戏的盈利对公司整体财务影响程度不大。因此《羊了个羊》虽然为吉比特带来了不少的曝光度，但仍无法带动其股价上涨。相反，其股价已经从1月初的高点已经跌去了超过22%。真正令吉比特出圈的是豪到极致的“清仓式分红”。10月26日，吉比特发布了三季度财报。财报显示，吉比特前三季度净利润10.12亿元，同比减少16.07％。同时公布的还有利润分配预案，即每10股派发现金红利140元(含税)，合计派发现金红利10.06亿元（含税）。也就是说，净利润下滑的吉比特一口气将三个季度的利润全部分光了。大手笔分红预案公布后，吉比特股价一路从当日的241.33元/股走高至11月17日的335.35元/股。值得关注的是，吉比特实控人、董事长卢竑岩通过此次分红获得约3.03亿元的现金，占全部分红的30.1%。此外，吉比特副董事长陈拓琳、黄志辉等前十大股东也能获得约1.55亿元的分红。更令人惊掉下巴的是，大手笔的现金分红对于吉比特而言并不罕见。作为“游戏界的茅台”，吉比特曾在去年10派160元，共计派现11.50亿元。A股要迎来Web3.0时代？互联网行业整体不振之际，Web3.0概念却异常火爆。一边是报道称00后疯狂涌入Web3.0，并将其作为职业首选，另一边是风投机构纷纷重金押注Web3，彼时周星驰一则“在漆黑中找寻鲜明出众的Web3.0人才”的招聘广告，更是为Web3.0再添了一把火。而当这股热潮涌入A股时，一条价值千亿的Web3.0赛道横空出世。自11月开始，Web3.0概念股持续活跃，风头独步一时。相关概念股安妮股份两个月来累计涨近83%，天地在线累涨77%，三五互联累涨65%，福石控股累涨45%，中文在线累涨42%。根据科技创业者兼投资人Chris Dixon的描述，Web3.0是一个建设者和用户的互联网，研究机构Messari研究员江下则把Web3.0描述为“可读+可写+拥有”。华鑫证券互联网传媒行业分析师朱珠解释称，Web3.0时代，用户将享有真正的数据自主权，可以在数据流转和交易中真正获益，使自己的数据不再是互联网平台的免费资源。欧洲人买爆中国电热毯等“过冬八件套”，带飞产业链公司为了熬过这个能源短缺的冬天，欧洲消费者纷纷把目光投向了投向中国的“取暖神器”。电热毯、光腿神器、秋衣秋裤、法兰绒睡衣、热水袋、暖手宝、取暖器和高领毛衣，中国传统的 “过冬八件套”通通被欧洲人爆买。意外的是，取暖概念股也被中国股民“买爆”，彩虹集团就是其中最大的“幸运儿”。彩虹集团股价从8月31日的18.04元大涨至10月14日收盘的40.70元，市值也从9月初的18.84亿元攀升至了42.90亿元。而且彩虹集团在自9月21日之后的12个交易日中斩获8个涨停板，并在10月14日一举创下历史最高价。惊人表现也引来了深交所的关注函。10月13日晚间，彩虹集团回复深交所关注函称，2022年，公司获得一些产品出口订单，总体上数量少金额低。彩虹集团截至6月底，电热毯等家用柔性取暖产品实现海外销售收入21万元，目前在手订单金额约133万元。在彩虹集团回复关注函后，公司股价便持续走低，截至目前已吐出大部分涨幅。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927377272,"gmtCreate":1672411603496,"gmtModify":1676538687406,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FUTU\">$富途控股(FUTU)$&nbsp;</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/FUTU\">$富途控股(FUTU)$&nbsp;</a><v-v data-views=\"0\"></v-v>","text":"$富途控股(FUTU)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927377272","isVote":1,"tweetType":1,"viewCount":2387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924618813,"gmtCreate":1672240711532,"gmtModify":1676538658493,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>","text":"$特斯拉(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924618813","isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924912780,"gmtCreate":1672156248240,"gmtModify":1676538643772,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>","text":"$特斯拉(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924912780","isVote":1,"tweetType":1,"viewCount":788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924913489,"gmtCreate":1672155665441,"gmtModify":1676538643655,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9924913489","repostId":"1152928667","repostType":4,"repost":{"id":"1152928667","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672151478,"share":"https://ttm.financial/m/news/1152928667?lang=en_US&edition=fundamental","pubTime":"2022-12-27 22:31","market":"us","language":"zh","title":"Opening | Most Chinese concept stocks rose, Tuniu rose more than 10% at the beginning of the session","url":"https://stock-news.laohu8.com/highlight/detail?id=1152928667","media":"老虎资讯综合","summary":"道琼斯指数开盘上涨52.93点，涨幅0.16%。","content":"<p><html><head></head><body>On December 27 (Tuesday), U.S. stocks opened mixed, with the Dow Jones Index opening up 52.93 points, or 0.16%, to 33,256.86 points; The S&P 500 index opened down 1.81 points, or 0.05%, to 3843.01 points; The Nasdaq Composite Index opened down 45.83 points, or 0.44%, to 10,452.03 points.</p><p><img src=\"https://static.tigerbbs.com/d2bcae87e5a03fe8e2cebe66034b09c3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Chinese concept tourism stocks opened higher,<b>Tuniu rose more than 10%,<a href=\"https://laohu8.com/S/TCOM\">Ctrip.com</a>Up about 3%.</b>On the evening of 26th, the National Health and Medical Commission issued the \"Overall Plan for Implementing\" Class B and B Control \"of Novel Coronavirus Infections\", canceling nucleic acid testing and centralized isolation for all employees after entry. Within half an hour after the announcement, the search volume of popular overseas destinations on Ctrip platform increased 10 times year-on-year, and the search for outbound air tickets and overseas hotels all reached the peak in three years.</p><p><img src=\"https://static.tigerbbs.com/474dbfe6518c9e6a4db2e2598bc79bf4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Most of the popular Chinese concept stocks rose,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Rose nearly 4%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Rose more than 3%,<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up about 3%.</p><p><b><a href=\"https://laohu8.com/S/NIO\">Nio</a>It fell 5% after lowering its Q4 delivery forecast.</b>At the same time,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell more than 3%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 1%.</p><p><img src=\"https://static.tigerbbs.com/3b33f68042268f68af1dde1b72d6b013\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell more than 5%, and the stock price fell below $116, continuing to hit a new low since September 2020.</b>At the same time, Faraday Future fell nearly 8%, Nikola fell nearly 6%, Rivian and Lucid Group fell about 4%,</p><p><img src=\"https://static.tigerbbs.com/d7027cd05ed907b2da4dabb7001e33db\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Star technology stocks generally fell,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Down about 4%,<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>、<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>Down about 3%.</p><p><a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>Continuing to fall 6%, the stock closed down 10.39% last Friday. AMC Cinemas recently announced a new $110 million financing proposal and a 1-to-10 reverse stock split proposal.</p><p>The U.S. aviation sector fell,<a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a>Fell more than 5%,<a href=\"https://laohu8.com/S/AAL\">American Airlines</a>Group,<a href=\"https://laohu8.com/S/UAL\">United Continental</a>Down about 2%. Affected by the snowstorm, more than 3,800 flights in the United States were cancelled on the 26th, and more than 15,000 flights were cancelled recently.</p><p></body></html></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>Opening | Most Chinese concept stocks rose, Tuniu rose more than 10% at the beginning of the session</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening | Most Chinese concept stocks rose, Tuniu rose more than 10% at the beginning of the session\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-12-27 22:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On December 27 (Tuesday), U.S. stocks opened mixed, with the Dow Jones Index opening up 52.93 points, or 0.16%, to 33,256.86 points; The S&P 500 index opened down 1.81 points, or 0.05%, to 3843.01 points; The Nasdaq Composite Index opened down 45.83 points, or 0.44%, to 10,452.03 points.</p><p><img src=\"https://static.tigerbbs.com/d2bcae87e5a03fe8e2cebe66034b09c3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Chinese concept tourism stocks opened higher,<b>Tuniu rose more than 10%,<a href=\"https://laohu8.com/S/TCOM\">Ctrip.com</a>Up about 3%.</b>On the evening of 26th, the National Health and Medical Commission issued the \"Overall Plan for Implementing\" Class B and B Control \"of Novel Coronavirus Infections\", canceling nucleic acid testing and centralized isolation for all employees after entry. Within half an hour after the announcement, the search volume of popular overseas destinations on Ctrip platform increased 10 times year-on-year, and the search for outbound air tickets and overseas hotels all reached the peak in three years.</p><p><img src=\"https://static.tigerbbs.com/474dbfe6518c9e6a4db2e2598bc79bf4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Most of the popular Chinese concept stocks rose,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Rose nearly 4%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Rose more than 3%,<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up about 3%.</p><p><b><a href=\"https://laohu8.com/S/NIO\">Nio</a>It fell 5% after lowering its Q4 delivery forecast.</b>At the same time,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell more than 3%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 1%.</p><p><img src=\"https://static.tigerbbs.com/3b33f68042268f68af1dde1b72d6b013\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell more than 5%, and the stock price fell below $116, continuing to hit a new low since September 2020.</b>At the same time, Faraday Future fell nearly 8%, Nikola fell nearly 6%, Rivian and Lucid Group fell about 4%,</p><p><img src=\"https://static.tigerbbs.com/d7027cd05ed907b2da4dabb7001e33db\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Star technology stocks generally fell,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Down about 4%,<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>、<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>Down about 3%.</p><p><a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>Continuing to fall 6%, the stock closed down 10.39% last Friday. AMC Cinemas recently announced a new $110 million financing proposal and a 1-to-10 reverse stock split proposal.</p><p>The U.S. aviation sector fell,<a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a>Fell more than 5%,<a href=\"https://laohu8.com/S/AAL\">American Airlines</a>Group,<a href=\"https://laohu8.com/S/UAL\">United Continental</a>Down about 2%. Affected by the snowstorm, more than 3,800 flights in the United States were cancelled on the 26th, and more than 15,000 flights were cancelled recently.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152928667","content_text":"12月27日（周二）美股开盘涨跌不一，道琼斯指数开盘上涨52.93点，涨幅0.16%，报33256.86点；标普500指数开盘下跌1.81点，跌幅0.05%，报3843.01点；纳斯达克综合指数开盘下跌45.83点，跌幅0.44%，报10452.03点。中概旅游股高开，途牛涨超10%，携程网涨约3%。国家卫健委26日晚发布《关于对新型冠状病毒感染实施“乙类乙管”的总体方案》，取消入境后全员核酸检测和集中隔离。通知发布半小时内，携程平台热门海外目的地搜索量同比大涨10倍，出境机票、海外酒店搜索均达到三年来峰值。热门中概股多数走高，京东、哔哩哔哩涨近4%，阿里巴巴涨超3%，网易、百度涨约3%。蔚来跌5%，此前下调Q4交付预期。同时，小鹏汽车跌超3%，理想汽车跌超1%。特斯拉跌超5%，股价跌破116美元，续刷2020年9月以来新低。同时，法拉第未来跌近8%，Nikola跌近6%，Rivian、Lucid Group跌约4%，明星科技股普遍下挫，英伟达跌约4%，美光科技、奈飞跌约3%。AMC院线续跌6%，该股上周五收跌10.39%，AMC院线近日宣布了一项新的1.1亿美元融资提案和一项1比10反向拆股提案。美股航空板块走低，西南航空跌超5%，美国航空集团、联合大陆航空跌约2%。受暴风雪影响，26日全美超过3800架次航班取消，近日累计取消超过1.5万架次航班。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925832076,"gmtCreate":1671982507495,"gmtModify":1676538617793,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9925832076","repostId":"1160777906","repostType":4,"repost":{"id":"1160777906","kind":"news","weMediaInfo":{"introduction":"提供即時金融資訊、行情、數據，旨在幫助投資者理解世界，做投資決策。","home_visible":1,"media_name":"老虎資訊","id":"1059071526","head_image":"https://community-static.tradeup.com/news/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672011755,"share":"https://ttm.financial/m/news/1160777906?lang=en_US&edition=fundamental","pubTime":"2022-12-26 07:42","market":"hk","language":"zh","title":"Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1160777906","media":"老虎資訊","summary":"尊敬的投資者：聖誕節長假期已經來到，美股、港股等市場的交易活動會受到影響。請留意股市休市時間，並提前安排好您的投資計劃。聖誕節期間股市交易安排美股：2022年12月26日（週一）休市。港股：2022年","content":"<p><html><head></head><body><b>Dear Investors:</b></p><p>The long Christmas holiday has arrived, and trading activities in U.S. stocks, Hong Kong stocks and other markets will be affected. Please pay attention to when the stock market is closed and arrange your investment plan in advance.</p><p>Stock Market Trading Arrangements During Christmas</p><p><b>US stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p>The market will be closed on December 27, 2022 (Tuesday).</p><p><b>Singapore Stock Market:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Australian market:</b></p><p>Except for holiday days, the Australian market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>New Zealand Market:</b></p><p>Except for holiday days, the New Zealand market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>Shanghai and Shenzhen stock markets:</b></p><p>The Shanghai and Shenzhen stock markets traded as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p><b>Hong Kong Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p></body></html></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>Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTip: The Christmas holiday has arrived, a look at the closing times of the trading markets\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1059071526\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎資訊 </p>\n<p class=\"h-time smaller\">2022-12-26 07:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Dear Investors:</b></p><p>The long Christmas holiday has arrived, and trading activities in U.S. stocks, Hong Kong stocks and other markets will be affected. Please pay attention to when the stock market is closed and arrange your investment plan in advance.</p><p>Stock Market Trading Arrangements During Christmas</p><p><b>US stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p>The market will be closed on December 27, 2022 (Tuesday).</p><p><b>Singapore Stock Market:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Australian market:</b></p><p>Except for holiday days, the Australian market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>New Zealand Market:</b></p><p>Except for holiday days, the New Zealand market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>Shanghai and Shenzhen stock markets:</b></p><p>The Shanghai and Shenzhen stock markets traded as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p><b>Hong Kong Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e029cf8d7c318d1de45f38c9aaf8eeb7","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160777906","content_text":"尊敬的投資者：聖誕節長假期已經來到，美股、港股等市場的交易活動會受到影響。請留意股市休市時間，並提前安排好您的投資計劃。聖誕節期間股市交易安排美股：2022年12月26日（週一）休市。港股：2022年12月26日（週一）休市。2022年12月27日（週二）休市。新加坡股市：2022年12月26日（週一）休市。澳洲市場：除節禮日之外，澳洲市場將於當地時間2022年12月26日（週一）和 2022年12月27日（週二）休市。新西蘭市場：除節禮日之外，新西蘭市場將於當地時間2022年12月26日（週一）和2022年12月27日（週二）休市。滬深兩市：滬深兩市照常交易。滬股通、深股通：2022年12月26日（週一）不提供服務。2022年12月27日（週二）不提供服務。港股通：2022年12月26日（週一）不提供服務。2022年12月27日（週二）不提供服務。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925912822,"gmtCreate":1671899496266,"gmtModify":1676538608723,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9925912822","repostId":"1160777906","repostType":4,"repost":{"id":"1160777906","kind":"news","weMediaInfo":{"introduction":"提供即時金融資訊、行情、數據，旨在幫助投資者理解世界，做投資決策。","home_visible":1,"media_name":"老虎資訊","id":"1059071526","head_image":"https://community-static.tradeup.com/news/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672011755,"share":"https://ttm.financial/m/news/1160777906?lang=en_US&edition=fundamental","pubTime":"2022-12-26 07:42","market":"hk","language":"zh","title":"Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1160777906","media":"老虎資訊","summary":"尊敬的投資者：聖誕節長假期已經來到，美股、港股等市場的交易活動會受到影響。請留意股市休市時間，並提前安排好您的投資計劃。聖誕節期間股市交易安排美股：2022年12月26日（週一）休市。港股：2022年","content":"<p><html><head></head><body><b>Dear Investors:</b></p><p>The long Christmas holiday has arrived, and trading activities in U.S. stocks, Hong Kong stocks and other markets will be affected. Please pay attention to when the stock market is closed and arrange your investment plan in advance.</p><p>Stock Market Trading Arrangements During Christmas</p><p><b>US stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p>The market will be closed on December 27, 2022 (Tuesday).</p><p><b>Singapore Stock Market:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Australian market:</b></p><p>Except for holiday days, the Australian market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>New Zealand Market:</b></p><p>Except for holiday days, the New Zealand market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>Shanghai and Shenzhen stock markets:</b></p><p>The Shanghai and Shenzhen stock markets traded as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p><b>Hong Kong Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p></body></html></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>Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTip: The Christmas holiday has arrived, a look at the closing times of the trading markets\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1059071526\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎資訊 </p>\n<p class=\"h-time smaller\">2022-12-26 07:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Dear Investors:</b></p><p>The long Christmas holiday has arrived, and trading activities in U.S. stocks, Hong Kong stocks and other markets will be affected. Please pay attention to when the stock market is closed and arrange your investment plan in advance.</p><p>Stock Market Trading Arrangements During Christmas</p><p><b>US stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p>The market will be closed on December 27, 2022 (Tuesday).</p><p><b>Singapore Stock Market:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Australian market:</b></p><p>Except for holiday days, the Australian market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>New Zealand Market:</b></p><p>Except for holiday days, the New Zealand market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>Shanghai and Shenzhen stock markets:</b></p><p>The Shanghai and Shenzhen stock markets traded as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p><b>Hong Kong Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e029cf8d7c318d1de45f38c9aaf8eeb7","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160777906","content_text":"尊敬的投資者：聖誕節長假期已經來到，美股、港股等市場的交易活動會受到影響。請留意股市休市時間，並提前安排好您的投資計劃。聖誕節期間股市交易安排美股：2022年12月26日（週一）休市。港股：2022年12月26日（週一）休市。2022年12月27日（週二）休市。新加坡股市：2022年12月26日（週一）休市。澳洲市場：除節禮日之外，澳洲市場將於當地時間2022年12月26日（週一）和 2022年12月27日（週二）休市。新西蘭市場：除節禮日之外，新西蘭市場將於當地時間2022年12月26日（週一）和2022年12月27日（週二）休市。滬深兩市：滬深兩市照常交易。滬股通、深股通：2022年12月26日（週一）不提供服務。2022年12月27日（週二）不提供服務。港股通：2022年12月26日（週一）不提供服務。2022年12月27日（週二）不提供服務。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923932151,"gmtCreate":1670774191373,"gmtModify":1676538431081,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$特斯拉(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923932151","isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923932362,"gmtCreate":1670774185957,"gmtModify":1676538431082,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$特斯拉(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923932362","isVote":1,"tweetType":1,"viewCount":1179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929247228,"gmtCreate":1670687610364,"gmtModify":1676538417480,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>","text":"$特斯拉(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929247228","isVote":1,"tweetType":1,"viewCount":732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929247080,"gmtCreate":1670687555440,"gmtModify":1676538417464,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9929247080","repostId":"2290265600","repostType":4,"isVote":1,"tweetType":1,"viewCount":1210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920251550,"gmtCreate":1670509170570,"gmtModify":1676538382440,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9920251550","repostId":"1140737202","repostType":4,"repost":{"id":"1140737202","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1670508617,"share":"https://ttm.financial/m/news/1140737202?lang=en_US&edition=fundamental","pubTime":"2022-12-08 22:10","market":"sh","language":"zh","title":"Dr. Doom Roubini's \"Crash Warning\": The world is heading for the intersection of financial, economic and debt crises","url":"https://stock-news.laohu8.com/highlight/detail?id=1140737202","media":"华尔街见闻","summary":"经过多年极端宽松的财政、货币和信贷政策以及严重的负供给冲击，滞胀压力对庞大的公共和私营部门债务造成挤压。经济危机迫在眉睫，决策者却无力应对。上周，纽约大学教授、有“末日博士”之称的经济学家鲁比尼发出“","content":"<p><html><head></head><body>After years of extremely accommodative fiscal, monetary and credit policies and severe negative supply shocks, stagflationary pressures have squeezed the huge public and private sector debt. The economic crisis is looming, and policymakers are unable to cope with it. Last week, Roubini, a professor at new york University and an economist known as \"Dr. Doom\", issued a \"collapse warning\". In his latest column, he pointed out:</p><p><b>With decades of surging deficits, borrowing and leverage, the world economy is heading for an unprecedented intersection of economic, financial and debt crises.</b>Roubini pointed out that in the private sector, debt piles up, including households (such as pledge loans, credit cards, auto loans, student loans, personal loans), businesses and companies (bank loans, bond debt, and private debt), and debt in the financial sector (liabilities of banks and non-banks), among others; In the public sector, including federal, state, and local government bonds and other formal debt, as well as implicit debt, such as unfunded liabilities such as pay-as-you-go pension plans and health care systems-all of which will continue to grow as society ages.</p><p><b>Here are Roubini's main points:</b></p><p>Looking at explicit debt alone, the numbers are staggering. Globally, private and public sector debt as a percentage of GDP increased from 200% in 1999 to 350% in 2021. This ratio is currently 420% in advanced economies and 330% in China. In the United States, it is 420%, which is higher than during the Great Depression and after World War II. Of course, debt can boost economic activity if the borrower invests new capital (machinery, housing, public infrastructure) and thus earns a return above the cost of borrowing. But borrowing heavily is only to consistently fund consumer spending above personal income-this is the \"best scenario\" for bankruptcy. Moreover, investments in capital can also be risky, whether borrowers are families buying homes at artificially inflated prices, companies looking to expand rapidly regardless of returns, or governments spending money on \"white elephants\" (extravagant but useless infrastructure projects). This phenomenon of over-borrowing has been going on for decades for various reasons. The democratization of finance has enabled income-strapped households to access funds for consumption through debt. Right-wing governments have been cutting taxes without cutting spending at the same time, while left-wing governments have been generous on social programs that have not been adequately funded through high enough taxes. Driven by central banks' ultra-accommodative monetary and credit policies, tax policies that favor debt over equity have driven a surge in private and public sector borrowing. Years of quantitative easing (QE) and credit easing have brought borrowing costs close to zero and in some cases negative (as is the case in Europe and the Japanese). U.S. dollar public debt with negative yields stood at $17 trillion by 2020, and in some Nordic countries, even nominal interest rates on mortgages were negative. The explosion of unsustainable debt ratios means that many borrowers-households, companies, banks, shadow banks, governments, and even entire countries-are insolvent \"zombies\" supported by low interest rates (keeping debt service costs manageable). During the 2008 global financial crisis and COVID pandemic, zero or negative interest rate policies, quantitative easing, and fiscal stimulus saved many who would otherwise go bankrupt. But now, inflation, also fueled by ultra-loose fiscal, monetary and credit policies, has put an end to this financial \"dawn of the dead,\" with debt servicing costs for \"zombies\" rising sharply as central banks are forced to raise interest rates to restore price stability. For many, this delivers a triple whammy, with inflation eroding real household income and reducing the value of household assets, such as homes and stocks. The same is true of fragile and over-leveraged companies, financial institutions and governments: they are also facing sharp rises in borrowing costs and declining income and asset values. To make matters worse, this trend coincides with a return to stagflation. The last time developed economies experienced this was in the 1970s. But at least then, the debt ratio was low. Today, we face the worst of the 1970s (stagflation shock) and the worst of the global financial crisis (debt shock). This time, we can't simply cut interest rates to stimulate demand. After all, the global economy is suffering from persistent short-and medium-term negative supply shocks that reduce growth and increase prices and production costs. These include: the disruption of labor and goods supply chains caused by the epidemic; The impact of the Russia-Ukraine conflict on commodity prices; And more than a dozen other medium-term shocks-from climate change to geopolitical developments that will bring additional stagflationary pressures. Unlike in the months leading up to the 2008 financial crisis and COVID-19 pandemic, bailing out private and public institutions through loose macro policies alone will add fuel to the inflation fire. This means that on top of a severe financial crisis, there will be a hard landing-a severe, lasting recession. As asset bubbles burst, debt service ratios soar and inflation-adjusted incomes of households, businesses and governments fall, economic crises and financial collapses will affect each other. To be sure, advanced economies that borrow in their own currencies can take advantage of an unexpected round of inflation to reduce the real value of some nominal long-term fixed-rate debt. With governments reluctant to raise taxes or cut spending to reduce deficits, deficit monetization by central banks will once again be seen as the path of least resistance. But you can't fool everyone all the time.<b>Once the inflation genie is released from the bottle-when central banks abandon confrontation in the face of a looming economic and financial crisis, nominal and real borrowing costs will surge.</b>All stagflationary debt crises can be postponed, but they will be inevitable.</body></html></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>Dr. Doom Roubini's \"Crash Warning\": The world is heading for the intersection of financial, economic and debt crises</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDr. Doom Roubini's \"Crash Warning\": The world is heading for the intersection of financial, economic and debt crises\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2022-12-08 22:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>After years of extremely accommodative fiscal, monetary and credit policies and severe negative supply shocks, stagflationary pressures have squeezed the huge public and private sector debt. The economic crisis is looming, and policymakers are unable to cope with it. Last week, Roubini, a professor at new york University and an economist known as \"Dr. Doom\", issued a \"collapse warning\". In his latest column, he pointed out:</p><p><b>With decades of surging deficits, borrowing and leverage, the world economy is heading for an unprecedented intersection of economic, financial and debt crises.</b>Roubini pointed out that in the private sector, debt piles up, including households (such as pledge loans, credit cards, auto loans, student loans, personal loans), businesses and companies (bank loans, bond debt, and private debt), and debt in the financial sector (liabilities of banks and non-banks), among others; In the public sector, including federal, state, and local government bonds and other formal debt, as well as implicit debt, such as unfunded liabilities such as pay-as-you-go pension plans and health care systems-all of which will continue to grow as society ages.</p><p><b>Here are Roubini's main points:</b></p><p>Looking at explicit debt alone, the numbers are staggering. Globally, private and public sector debt as a percentage of GDP increased from 200% in 1999 to 350% in 2021. This ratio is currently 420% in advanced economies and 330% in China. In the United States, it is 420%, which is higher than during the Great Depression and after World War II. Of course, debt can boost economic activity if the borrower invests new capital (machinery, housing, public infrastructure) and thus earns a return above the cost of borrowing. But borrowing heavily is only to consistently fund consumer spending above personal income-this is the \"best scenario\" for bankruptcy. Moreover, investments in capital can also be risky, whether borrowers are families buying homes at artificially inflated prices, companies looking to expand rapidly regardless of returns, or governments spending money on \"white elephants\" (extravagant but useless infrastructure projects). This phenomenon of over-borrowing has been going on for decades for various reasons. The democratization of finance has enabled income-strapped households to access funds for consumption through debt. Right-wing governments have been cutting taxes without cutting spending at the same time, while left-wing governments have been generous on social programs that have not been adequately funded through high enough taxes. Driven by central banks' ultra-accommodative monetary and credit policies, tax policies that favor debt over equity have driven a surge in private and public sector borrowing. Years of quantitative easing (QE) and credit easing have brought borrowing costs close to zero and in some cases negative (as is the case in Europe and the Japanese). U.S. dollar public debt with negative yields stood at $17 trillion by 2020, and in some Nordic countries, even nominal interest rates on mortgages were negative. The explosion of unsustainable debt ratios means that many borrowers-households, companies, banks, shadow banks, governments, and even entire countries-are insolvent \"zombies\" supported by low interest rates (keeping debt service costs manageable). During the 2008 global financial crisis and COVID pandemic, zero or negative interest rate policies, quantitative easing, and fiscal stimulus saved many who would otherwise go bankrupt. But now, inflation, also fueled by ultra-loose fiscal, monetary and credit policies, has put an end to this financial \"dawn of the dead,\" with debt servicing costs for \"zombies\" rising sharply as central banks are forced to raise interest rates to restore price stability. For many, this delivers a triple whammy, with inflation eroding real household income and reducing the value of household assets, such as homes and stocks. The same is true of fragile and over-leveraged companies, financial institutions and governments: they are also facing sharp rises in borrowing costs and declining income and asset values. To make matters worse, this trend coincides with a return to stagflation. The last time developed economies experienced this was in the 1970s. But at least then, the debt ratio was low. Today, we face the worst of the 1970s (stagflation shock) and the worst of the global financial crisis (debt shock). This time, we can't simply cut interest rates to stimulate demand. After all, the global economy is suffering from persistent short-and medium-term negative supply shocks that reduce growth and increase prices and production costs. These include: the disruption of labor and goods supply chains caused by the epidemic; The impact of the Russia-Ukraine conflict on commodity prices; And more than a dozen other medium-term shocks-from climate change to geopolitical developments that will bring additional stagflationary pressures. Unlike in the months leading up to the 2008 financial crisis and COVID-19 pandemic, bailing out private and public institutions through loose macro policies alone will add fuel to the inflation fire. This means that on top of a severe financial crisis, there will be a hard landing-a severe, lasting recession. As asset bubbles burst, debt service ratios soar and inflation-adjusted incomes of households, businesses and governments fall, economic crises and financial collapses will affect each other. To be sure, advanced economies that borrow in their own currencies can take advantage of an unexpected round of inflation to reduce the real value of some nominal long-term fixed-rate debt. With governments reluctant to raise taxes or cut spending to reduce deficits, deficit monetization by central banks will once again be seen as the path of least resistance. But you can't fool everyone all the time.<b>Once the inflation genie is released from the bottle-when central banks abandon confrontation in the face of a looming economic and financial crisis, nominal and real borrowing costs will surge.</b>All stagflationary debt crises can be postponed, but they will be inevitable.</body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72c7a49848a200043090f96ed32f108","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140737202","content_text":"经过多年极端宽松的财政、货币和信贷政策以及严重的负供给冲击，滞胀压力对庞大的公共和私营部门债务造成挤压。经济危机迫在眉睫，决策者却无力应对。上周，纽约大学教授、有“末日博士”之称的经济学家鲁比尼发出“崩溃警告”，其在最新的一篇专栏文章中指出：随着数十年的赤字、借贷和杠杆率激增，世界经济正走向前所未有的经济危机、金融危机和债务危机的交汇点。鲁比尼指出，在私营部门，债务堆积如山，包括家庭（如质押贷款、信用卡、汽车贷款、学生贷款、个人贷款）、企业和公司（银行贷款、债券债务和私人债务）以及金融部门的债务（银行和非银行机构的负债）等；在公共部门，包括联邦、州和地方政府债券和其他正式债务，以及隐性债务，如现收现付养老金计划和医疗保健系统等无资金来源的负债—所有这些都将随着社会老龄化而继续增长。以下是鲁比尼的主要观点：单看显性债务，数字就很惊人了。从全球来看，私人和公共部门债务占GDP的比例从1999年的200%上升到2021年的350%。发达经济体的这一比例目前为420%，中国为330%。在美国，这一比例为420%，高于大萧条时期和二战后。当然，如果借款人投资新资本（机器、住房、公共基础设施），从而获得高于借贷成本的回报，那么债务可以促进经济活动。但大量借贷只是为了持续地为高于个人收入的消费支出提供资金——这就是破产的“最佳方案”。此外，对资本的投资也可能存在风险，无论借款人是以人为抬高的价格购买房屋的家庭，还是不顾回报、寻求快速扩张的公司，亦或是将钱花在“白象”（奢侈但无用的基础设施项目）上的政府。由于各种原因，这种过度借贷现象已经持续了几十年。金融的民主化使收入紧张的家庭能够通过债务获取消费的资金。偏右翼政府一直在减税，但同时并没有削减开支，而偏左翼政府则在社会项目上慷慨解囊，但这些项目没有通过足够高的税收获得充足的资金。在央行超宽松的货币和信贷政策的推动下，有利于债务而非股权的税收政策推动私人和公共部门借贷激增。多年的量化宽松（QE）和信贷宽松使借贷成本接近于零，在某些情况下甚至是负数（就像欧洲和日本的情况）。到2020年，收益率为负的美元公共债务为17万亿美元，在一些北欧国家，甚至抵押贷款的名义利率也为负。不可持续的债务比率爆炸式增长意味着许多借款人——家庭、公司、银行、影子银行、政府，甚至整个国家——都是资不抵债的“僵尸”，这些“僵尸”靠着低利率支撑着（使偿债成本保持在可控范围）。在2008年全球金融危机和新冠疫情期间，零利率或负利率政策、量化宽松和财政刺激政策拯救了许多本来会破产的人。但现在，同样由超宽松财政、货币和信贷政策助长的通货膨胀已经结束了这场金融“亡灵黎明”，随着各国央行被迫提高利率以恢复价格稳定，“僵尸”的偿债成本急剧上升。对许多人来说，这带来了三重打击，通货膨胀侵蚀了家庭实际收入，降低家庭资产价值，如住房和股票。脆弱和过度杠杆化的公司、金融机构和政府也是如此：他们同时也面临借贷成本急剧上升、收入及资产价值下降。更糟糕的是，这一趋势恰逢滞胀回归。发达经济体上一次经历这种情况是在20世纪70年代。但至少在那时，债务比率很低。今天，我们面临着20世纪70年代最糟糕的一面（滞胀冲击）和全球金融危机的最糟糕的一面（债务冲击）。这一次，我们不能简单地通过降息来刺激需求。毕竟，全球经济正受到持续的短期和中期负面供应冲击，这些冲击降低了增长，增加了价格和生产成本。其中包括：疫情对劳动力和货物供应链中断；俄乌冲突对大宗商品价格的影响；以及其他十多个中期冲击—从气候变化到地缘政治发展，将带来额外的滞胀压力。与2008年金融危机和新冠疫情爆发前几个月不同，仅仅通过宽松的宏观政策救助私人和公共机构，将给通胀火上浇油。这意味着，在严重的金融危机之上，将出现一场硬着陆——严重、持久的衰退。随着资产泡沫破裂，偿债比率飙升以及家庭、企业和政府的经通胀调整后的收入下降，经济危机和金融崩溃将相互影响。可以肯定的是，以本币借款的发达经济体可以利用一轮意外的通胀来降低一些名义长期固定利率债务的实际价值。由于各国政府不愿提高税收或削减开支以减少赤字，央行的赤字货币化将再次被视为阻力最小的路径。但你不能一直愚弄所有的人。一旦通胀精灵从瓶子中释放—当各国央行面对迫在眉睫的经济和金融危机而放弃对抗时，名义和实际借贷成本将激增。所有滞胀性债务危机可以被推迟，但将不可避免。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9969657032,"gmtCreate":1668437689427,"gmtModify":1676538056641,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9969657032","repostId":"1110302539","repostType":4,"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969768965,"gmtCreate":1668524984557,"gmtModify":1676538070885,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"kk","listText":"kk","text":"kk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9969768965","repostId":"2283292775","repostType":4,"repost":{"id":"2283292775","kind":"highlight","pubTimestamp":1668524093,"share":"https://ttm.financial/m/news/2283292775?lang=en_US&edition=fundamental","pubTime":"2022-11-15 22:54","market":"us","language":"en","title":"Munger Says Crypto Is Rife With Fraud and Delusion and Praises Tesla's Success a \"Minor Miracle\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2283292775","media":"Markets Insider","summary":"Charlie Munger ripped into cryptocurrencies, saying fraud and delusion are common in the industry.Regulators overlooked crypto's risks and should have banned it, Warren Buffett's business partner said","content":"<div>\n<p>Charlie Munger ripped into cryptocurrencies, saying fraud and delusion are common in the industry.Regulators overlooked crypto's risks and should have banned it, Warren Buffett's business partner said...</p>\n\n<a href=\"https://markets.businessinsider.com/news/currencies/charlie-munger-warren-buffett-crypto-ftx-sbf-regulation-musk-fed-2022-11\">Source Link</a>\n\n</div>\n","source":"marketsinsider","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>Munger Says Crypto Is Rife With Fraud and Delusion and Praises Tesla's Success a \"Minor Miracle\"</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; 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}\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\">\nMunger Says Crypto Is Rife With Fraud and Delusion and Praises Tesla's Success a \"Minor Miracle\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-15 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/currencies/charlie-munger-warren-buffett-crypto-ftx-sbf-regulation-musk-fed-2022-11><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Charlie Munger ripped into cryptocurrencies, saying fraud and delusion are common in the industry.Regulators overlooked crypto's risks and should have banned it, Warren Buffett's business partner said...</p>\n\n<a href=\"https://markets.businessinsider.com/news/currencies/charlie-munger-warren-buffett-crypto-ftx-sbf-regulation-musk-fed-2022-11\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4551":"寇图资本持仓","LU0823411888.USD":"法巴消费创新基金 Cap","BK4555":"新能源车","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4548":"巴美列捷福持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU0097036916.USD":"贝莱德美国增长A2 USD","TSLA":"特斯拉","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2063271972.USD":"富兰克林创新领域基金","BK4511":"特斯拉概念","BK4550":"红杉资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4527":"明星科技股","BK4099":"汽车制造商"},"source_url":"https://markets.businessinsider.com/news/currencies/charlie-munger-warren-buffett-crypto-ftx-sbf-regulation-musk-fed-2022-11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283292775","content_text":"Charlie Munger ripped into cryptocurrencies, saying fraud and delusion are common in the industry.Regulators overlooked crypto's risks and should have banned it, Warren Buffett's business partner said.Munger also contrasted the Fed with the Bank of Japan, and praised Elon Musk and Tesla.Warren Buffett's business partner has torn into cryptocurrencies once again, declaring the space is rife with fraud and delusion, and regulators have dropped the ball by not outlawing bitcoin and other digital assets.Charlie Munger, a billionaire investor and the vice-chairman of Buffett's Berkshire Hathaway, also suggested the Federal Reserve is far less aggressive than the Bank of Japan. Moreover, he underscored Tesla's unlikely success and praised Elon Musk.Here's what Munger told CNBC in an interview aired on Tuesday. He spoke days after Sam Bankman-Fried's digital-asset exchange, FTX, filed for bankruptcy:\"It's partly fraud and partly delusion — that's a bad combination,\" Munger said about the crypto industry. \"People think this is a real asset, it's not a real asset,\" he added about the coins themselves.The 98-year-old investor bemoaned the growing acceptance of crypto by Wall Street banks and hedge funds, and suggested financiers are far too eager to buy into the latest fad.\"It pains me that in my own country I see people that once were regarded as very reputable people helping these things exist,\" he said. \"There are people who think that you've got to be on every deal that's hot.\"Munger added that it's \"crazy\" and \"demented\" to think someone can mint a new token that can turn a 12-year-old into a billion are overnight.Buffett's right-hand man also suggested the novelty of crypto has meant regulators have failed to grasp its dangers. He criticized authorities for not banning crypto early on.\"The danger flags are wagging so clearly,\" he said. \"None of this stuff should ever have been allowed.\"Munger has previously compared crypto to a \"venereal disease\" and an \"open sewer,\" and said he wouldn't want someone in the space to marry into his family.The Fed, Elon Musk, and TeslaThe world needs competent central banks, but the Fed is a \"mouse that hardly tries to do anything\" compared to the Bank of Japan, Munger said.\"If we get in the kind of trouble Japan was in, of course we'll do the same damn thing,\" he said. The Japanese central bank has cut interest rates below zero in an effort to shore up economic growth in recent years.On another note, Munger said he was surprised by Tesla's outsized success, and felt far more positively about Elon Musk's company than he does about bitcoin.\"Tesla has made some real contributions to civilization,\" he said. \"Elon Musk has done some good things that other people couldn't do.\"\"We haven't had a successful new auto company in a long, long time,\" Munger added. \"What Tesla has done in the car business is a minor miracle.\"US-China tiesMunger underscored the value of a friendly US-China relationship, arguing America shouldn't be so threatened by the rise of the world power.US purchases of Chinese imports helped the country grow and contributed to pulling over a billion people out of poverty, he said. A warm relationship between the two countries should be mutually beneficial, and the US should focus on keeping things friendly and striking win-win deals instead of fearing China's progress, he continued.\"Why should a great civilization like ours care if a new civilization rises?\" Munger asked. \"It's always a mistake to envy people who are doing well.\"","news_type":1,"symbols_score_info":{"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969314900,"gmtCreate":1668353620401,"gmtModify":1676538044173,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9969314900","repostId":"1190456060","repostType":4,"repost":{"id":"1190456060","kind":"news","pubTimestamp":1668302284,"share":"https://ttm.financial/m/news/1190456060?lang=en_US&edition=fundamental","pubTime":"2022-11-13 09:18","market":"us","language":"en","title":"SPY: Bear Market Rally Or A Major Bottom?","url":"https://stock-news.laohu8.com/highlight/detail?id=1190456060","media":"Seeking Alpha","summary":"SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20: daily returns for S&P500The SPDR S&P 500 Trust ETF  that tracks the S&P500 soared by 5.5% Thursday  - and almost broke into the top 20 daily S&P500 returns in history - since the 1920s. So, what doesit mean?","content":"<html><head></head><body><h2>Summary</h2><ul><li>Large 1-day rallies are usually associated with the bear market rallies.</li><li>Major bottoms require a policy change.</li><li>The Fed is still in inflation-fighting mode.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5d234d2c3a6fdd66410e8c4fdc86a25\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"/><span>gonin/iStock via Getty Images</span></p><h2>The top 20: daily returns for S&amp;P500</h2><p>The SPDR S&amp;P 500 Trust ETF (NYSEARCA:SPY) that tracks the S&amp;P500 soared by 5.5% Thursday (11/10/2022) - and almost broke into the top 20 daily S&amp;P500 returns in history - since the 1920s. So, what doesit mean? Is this just a bear market rally, or a signal of the major bottom. Let&#39;s first evaluate the top 20 list of the daily rates of return for the S&amp;P500:</p><p><img src=\"https://static.tigerbbs.com/9a00554a6ad210b0ab26216de0667def\" tg-width=\"927\" tg-height=\"1314\" referrerpolicy=\"no-referrer\"/></p><p>As you can see from the list above,</p><ul><li>12 out 20 top daily returns were the bear market rallies, and 8 out of these 12 were during the 1929-1932 bear market and the Great Depression.</li><li>8 out of 20 were the near-bottoms, bottoms, or after-bottoms, and 6 of these 8 were during the bottom associated with the 1932 Great Depression bottom.</li><li>2 out of 8 bottoms were associated with the bottoms of the sharp corrections, the 1987 and the 2020 bottom. The 1987 correction was not associated with a recession, and it is generally considered as a technical in nature. The 2020 bottom was associated with the extraordinary events related to covid19 and the monetary and fiscal covid stimuli.</li></ul><p>Based on the historical evidence, the 5.6% daily spike in S&amp;P500 (SPX) is either a signal of a major bottom or just another bear market rally.</p><h2>The major bottom thesis</h2><p>The major bottom thesis requires an actual bear market capitulation, such as the 1932 bottom, the 2003 bottom or 2009 bottom. In each of these cases, there was a clear policy response to stimulate the economy, both monetary and fiscal.</p><p>The 11/10/22 daily spike was in response to the positive surprise in the CPI inflation, which raised the hope of the Fed pivot - or a less aggressive monetary policy tightening.</p><p>As I previously explained, the full bear market has3 stages:1) the liquidity selloff in response to the Fed&#39;s monetary policy tightening, 2) the recessionary selloff caused by the Fed&#39;s tightening, and 3) the credit crunch (or a financial crisis) triggered by the deep recession.</p><p>The bullish case assumes that the current bear market ended with the Phase 1 - or with the peak Fed hawkishness. It&#39;s true, we are likely past the peak inflation, and thus the peak hawkishness.</p><p>However, the question is whether there is a Phase 2 coming - or a recessionary selloff, and whether &#34;something will break&#34; during the process and cause the Phase 3 and the credit crunch.</p><h2>The recessionary selloff</h2><p>The S&amp;P500 PE ratio after the 11/10 spike is 20.58. The market is still overvalued and not priced for a recession.</p><p>Is the recession coming? The spread between the 10Y Treasury Bond yield and the 3-Month Treasury Bill yield is the most reliable and the Fed-favored recession indicator, and once it inverts, the recession becomes almost a certainty.</p><p>Currently, the 10y-3mo spread is deeply inverted at -0.46%. Here is the chart:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70ef81e28bf62d769ca5f75f29feb339\" tg-width=\"640\" tg-height=\"237\" referrerpolicy=\"no-referrer\"/><span>FRED</span></p><p>Based on yield curve spread indicator, the recession is coming, and the market is not priced for it - based on the PE ratio of over 20. Thus, the current bear market has not bottomed yet, and the next Phase of the bear market is coming.</p><h2>Why is the 10Y-3mo curve inverted? Why is this signaling a recession?</h2><p>The 10Y-3mo spread is inverted because the Fed is hiking the short-term interest rates above the long-term interest rates. Why? To cause a recession to bring the inflation down.</p><p>The market hopes that the Fed will slow down with the interest rates hikes, because the inflation has peaked. Too late. The damage has been done. The Fed could even stop after the December 50bpt hike, the 10y-3mo spread has already inverted.</p><p>But don&#39;t count on the Fed to pause yet. If the core CPI printed today 4.3% (instead of actual 6.3%), and that was expected to persist, the Fed would still have to further hike. The target is 2% inflation.</p><p>But don&#39;t expect inflation to sharply fall either - without a deep recession. The economic war with China is still active, and it&#39;s more likely to escalate. This is inflationary. The war in Ukraine is still active and it&#39;s more likely to escalate. This is also inflationary. The unemployment rate in the US is still near record lows, and this is inflationary. The only thing the Fed can influence is the US unemployment rate - by inducing a recession.</p><h2>It&#39;s a bear market rally</h2><p>We are not at a major bottom; we are possibly in-between the Phase 1 selloff and a Phase 2 recessionary selloff. There are already signs of &#34;things breaking&#34; like the cryptocurrencies, which could lead to the Phase 3 selloff.</p><p>Bear market rallies happen during the &#34;in-between periods&#34;, so this bear market rally could continue. The bottom will be in-place when the Fed wants to the bottom to be in place - this will be the pivot the bulls are waiting: the Fed slashing interest rates and resuming QE. I don&#39;t think anybody expects this over the near term. Don&#39;t fight the Fed. The bear market rally is the opportunity to sell or re-short.</p><h2>SPY sector analysis</h2><p>AllSPYsectors were up significantly on 11/10/2022, led by the beaten down technology sector (XLK), the interest rate sensitive real estate sector (XLRE) and the cyclical discretionary sector (XLY). These sectors should not lead pre-recession, while the Fed is trying to cool off economy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d11bae7fc6e9bba3dee9e588bd902bb1\" tg-width=\"640\" tg-height=\"683\" referrerpolicy=\"no-referrer\"/><span>SelectSectorSPDR</span></p></body></html>","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>SPY: Bear Market Rally Or A Major Bottom?</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\">\nSPY: Bear Market Rally Or A Major Bottom?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-13 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4556371-spy-bear-market-rally-or-a-major-bottom><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20...</p>\n\n<a href=\"https://seekingalpha.com/article/4556371-spy-bear-market-rally-or-a-major-bottom\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4556371-spy-bear-market-rally-or-a-major-bottom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190456060","content_text":"SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20: daily returns for S&P500The SPDR S&P 500 Trust ETF (NYSEARCA:SPY) that tracks the S&P500 soared by 5.5% Thursday (11/10/2022) - and almost broke into the top 20 daily S&P500 returns in history - since the 1920s. So, what doesit mean? Is this just a bear market rally, or a signal of the major bottom. Let's first evaluate the top 20 list of the daily rates of return for the S&P500:As you can see from the list above,12 out 20 top daily returns were the bear market rallies, and 8 out of these 12 were during the 1929-1932 bear market and the Great Depression.8 out of 20 were the near-bottoms, bottoms, or after-bottoms, and 6 of these 8 were during the bottom associated with the 1932 Great Depression bottom.2 out of 8 bottoms were associated with the bottoms of the sharp corrections, the 1987 and the 2020 bottom. The 1987 correction was not associated with a recession, and it is generally considered as a technical in nature. The 2020 bottom was associated with the extraordinary events related to covid19 and the monetary and fiscal covid stimuli.Based on the historical evidence, the 5.6% daily spike in S&P500 (SPX) is either a signal of a major bottom or just another bear market rally.The major bottom thesisThe major bottom thesis requires an actual bear market capitulation, such as the 1932 bottom, the 2003 bottom or 2009 bottom. In each of these cases, there was a clear policy response to stimulate the economy, both monetary and fiscal.The 11/10/22 daily spike was in response to the positive surprise in the CPI inflation, which raised the hope of the Fed pivot - or a less aggressive monetary policy tightening.As I previously explained, the full bear market has3 stages:1) the liquidity selloff in response to the Fed's monetary policy tightening, 2) the recessionary selloff caused by the Fed's tightening, and 3) the credit crunch (or a financial crisis) triggered by the deep recession.The bullish case assumes that the current bear market ended with the Phase 1 - or with the peak Fed hawkishness. It's true, we are likely past the peak inflation, and thus the peak hawkishness.However, the question is whether there is a Phase 2 coming - or a recessionary selloff, and whether \"something will break\" during the process and cause the Phase 3 and the credit crunch.The recessionary selloffThe S&P500 PE ratio after the 11/10 spike is 20.58. The market is still overvalued and not priced for a recession.Is the recession coming? The spread between the 10Y Treasury Bond yield and the 3-Month Treasury Bill yield is the most reliable and the Fed-favored recession indicator, and once it inverts, the recession becomes almost a certainty.Currently, the 10y-3mo spread is deeply inverted at -0.46%. Here is the chart:FREDBased on yield curve spread indicator, the recession is coming, and the market is not priced for it - based on the PE ratio of over 20. Thus, the current bear market has not bottomed yet, and the next Phase of the bear market is coming.Why is the 10Y-3mo curve inverted? Why is this signaling a recession?The 10Y-3mo spread is inverted because the Fed is hiking the short-term interest rates above the long-term interest rates. Why? To cause a recession to bring the inflation down.The market hopes that the Fed will slow down with the interest rates hikes, because the inflation has peaked. Too late. The damage has been done. The Fed could even stop after the December 50bpt hike, the 10y-3mo spread has already inverted.But don't count on the Fed to pause yet. If the core CPI printed today 4.3% (instead of actual 6.3%), and that was expected to persist, the Fed would still have to further hike. The target is 2% inflation.But don't expect inflation to sharply fall either - without a deep recession. The economic war with China is still active, and it's more likely to escalate. This is inflationary. The war in Ukraine is still active and it's more likely to escalate. This is also inflationary. The unemployment rate in the US is still near record lows, and this is inflationary. The only thing the Fed can influence is the US unemployment rate - by inducing a recession.It's a bear market rallyWe are not at a major bottom; we are possibly in-between the Phase 1 selloff and a Phase 2 recessionary selloff. There are already signs of \"things breaking\" like the cryptocurrencies, which could lead to the Phase 3 selloff.Bear market rallies happen during the \"in-between periods\", so this bear market rally could continue. The bottom will be in-place when the Fed wants to the bottom to be in place - this will be the pivot the bulls are waiting: the Fed slashing interest rates and resuming QE. I don't think anybody expects this over the near term. Don't fight the Fed. The bear market rally is the opportunity to sell or re-short.SPY sector analysisAllSPYsectors were up significantly on 11/10/2022, led by the beaten down technology sector (XLK), the interest rate sensitive real estate sector (XLRE) and the cyclical discretionary sector (XLY). These sectors should not lead pre-recession, while the Fed is trying to cool off economy.SelectSectorSPDR","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035749217,"gmtCreate":1647702631499,"gmtModify":1676534259447,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035749217","repostId":"2220670637","repostType":4,"repost":{"id":"2220670637","kind":"highlight","pubTimestamp":1647671973,"share":"https://ttm.financial/m/news/2220670637?lang=en_US&edition=fundamental","pubTime":"2022-03-19 14:39","market":"hk","language":"zh","title":"Bank of America review 1970s: Asset Rotation in the Era of Great Inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2220670637","media":"华尔街见闻","summary":"美银策略师Michael Hartnett认为，美股反弹不过是熊市的“暂时停火”，“衰退冲击”即将开始。如何对冲接下来市场可能面临的痛苦？1970s大通胀时代下的资产轮动或许能够提供借鉴。","content":"<p><html><head></head><body>Last week, the Federal Reserve's rate hike landed, but U.S. stocks rebounded sharply.</p><p>In this regard, Bank of America strategist Michael Hartnett, known as the \"most pessimistic analyst on Wall Street\", believes that,<b>This rally is nothing more than a \"temporary ceasefire\" in the bear market, and the \"recession shock\" is about to begin.</b></p><p>Hartnett explained that the historic short squeeze largely contributed to the widespread melting of the market:</p><p>This is nothing more than a \"bear market ceasefire rally\" as the world continues to sink into the purgatory of stagflation,<b>The real bear market won't start until the recession begins, sometime in the second half of 2022.</b><img src=\"https://static.tigerbbs.com/ada7b4acd0ad022755f738923474559d\" tg-width=\"854\" tg-height=\"537\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Hartnett believes that the long-term lows of interest rates in the 2020s superimposed on inflation mean a rapid and volatile boom-to-bust economic and investment cycle.</p><p>Taking history as a mirror, Hartnett review looked at asset rotation in the era of great inflation in the 1970s.</p><p><b>At the beginning of this period, the market was initially bullish on real assets, commodities, Treasury Inflation-Protected Securities(TIPS) (TIPS), small-cap value stocks, and emerging markets.</b></p><p><img src=\"https://static.tigerbbs.com/f896a6b33444499dac0f961f7d31ccb9\" tg-width=\"616\" tg-height=\"531\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>However, just a few years later, during the great stagflation shock of 1973/4, only commodities remained strong.</b></p><p><img src=\"https://static.tigerbbs.com/6139b3756e493bf595fa37b38c689e43\" tg-width=\"601\" tg-height=\"528\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>By 1974-1981, when it was time to buy small-cap value stocks and real estate, commodities were still doing well.</p><p><img src=\"https://static.tigerbbs.com/ee6e7a32e544d5a658a3345fde0645e8\" tg-width=\"624\" tg-height=\"505\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>What happens next? It will depend on whether the Fed has the courage to raise interest rates to 20% in the short term, as Volcker did in 1981, even if it means the collapse of risky assets.</p><p>Hartnett also gave suggestions on how to hedge against the pain that the market may face next:</p><p>The best recession hedge is betting on a'steepening yield curve 'The best stagflation hedge is betting on a falling dollar The best soft landing hedge is betting on non-U.S. stocks<img src=\"https://static.tigerbbs.com/9ca5a47a33d55a24968d3f1db0ba015a\" tg-width=\"605\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></body></html></p>","source":"wallstreetcn_api","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>Bank of America review 1970s: Asset Rotation in the Era of Great Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America review 1970s: Asset Rotation in the Era of Great Inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-03-19 14:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Last week, the Federal Reserve's rate hike landed, but U.S. stocks rebounded sharply.</p><p>In this regard, Bank of America strategist Michael Hartnett, known as the \"most pessimistic analyst on Wall Street\", believes that,<b>This rally is nothing more than a \"temporary ceasefire\" in the bear market, and the \"recession shock\" is about to begin.</b></p><p>Hartnett explained that the historic short squeeze largely contributed to the widespread melting of the market:</p><p>This is nothing more than a \"bear market ceasefire rally\" as the world continues to sink into the purgatory of stagflation,<b>The real bear market won't start until the recession begins, sometime in the second half of 2022.</b><img src=\"https://static.tigerbbs.com/ada7b4acd0ad022755f738923474559d\" tg-width=\"854\" tg-height=\"537\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Hartnett believes that the long-term lows of interest rates in the 2020s superimposed on inflation mean a rapid and volatile boom-to-bust economic and investment cycle.</p><p>Taking history as a mirror, Hartnett review looked at asset rotation in the era of great inflation in the 1970s.</p><p><b>At the beginning of this period, the market was initially bullish on real assets, commodities, Treasury Inflation-Protected Securities(TIPS) (TIPS), small-cap value stocks, and emerging markets.</b></p><p><img src=\"https://static.tigerbbs.com/f896a6b33444499dac0f961f7d31ccb9\" tg-width=\"616\" tg-height=\"531\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>However, just a few years later, during the great stagflation shock of 1973/4, only commodities remained strong.</b></p><p><img src=\"https://static.tigerbbs.com/6139b3756e493bf595fa37b38c689e43\" tg-width=\"601\" tg-height=\"528\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>By 1974-1981, when it was time to buy small-cap value stocks and real estate, commodities were still doing well.</p><p><img src=\"https://static.tigerbbs.com/ee6e7a32e544d5a658a3345fde0645e8\" tg-width=\"624\" tg-height=\"505\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>What happens next? It will depend on whether the Fed has the courage to raise interest rates to 20% in the short term, as Volcker did in 1981, even if it means the collapse of risky assets.</p><p>Hartnett also gave suggestions on how to hedge against the pain that the market may face next:</p><p>The best recession hedge is betting on a'steepening yield curve 'The best stagflation hedge is betting on a falling dollar The best soft landing hedge is betting on non-U.S. stocks<img src=\"https://static.tigerbbs.com/9ca5a47a33d55a24968d3f1db0ba015a\" tg-width=\"605\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3654678\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f896a6b33444499dac0f961f7d31ccb9","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QQQ":"纳指100ETF","UPRO":"三倍做多标普500ETF-ProShares","BK4581":"高盛持仓","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","BK4534":"瑞士信贷持仓","QLD":"2倍做多纳斯达克100指数ETF-ProShares","TIPS":"Tianrong Internet Products and Services, Inc.","SPY":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","TQQQ":"纳指三倍做多ETF","DXD":"两倍做空道琼30指数ETF-ProShares","OEF":"标普100指数ETF-iShares",".DJI":"道琼斯","SDS":"两倍做空标普500 ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","BK4504":"桥水持仓","BK4559":"巴菲特持仓","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空","OEX":"标普100","BK4550":"红杉资本持仓","DJX":"1/100道琼斯","SQQQ":"纳指三倍做空ETF","IVV":"标普500ETF-iShares","PSQ":"做空纳斯达克100指数ETF-ProShares"},"source_url":"https://wallstreetcn.com/articles/3654678","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2220670637","content_text":"上周，美联储加息落地，美股却大幅反弹。对此，有“华尔街最悲观分析师”之称的美银策略师Michael Hartnett认为，这场反弹不过是熊市的“暂时停火”，“衰退冲击”即将开始。Hartnett解释道，历史性的逼空在很大程度上促成了市场的大范围融涨：这不过是一场“熊市停火反弹”（\"bear market ceasefire rally\" ），因为世界继续陷入滞胀的炼狱，真正的熊市要到衰退开始时才会开始，时间是2022年下半年的某个时候。Hartnett认为，2020年代利率的长期低点叠加着通胀，意味着快速且不稳定的从繁荣到萧条的经济和投资周期。以史为鉴，Hartnett复盘了上世纪七十年代大通胀时代下的资产轮动。在这个时期的初期，市场最初是看涨实物资产、大宗商品、通货膨胀保值债券(TIPS)、小盘价值股和新兴市场。然而，短短几年之后，在1973/4年的大滞胀冲击中，只有大宗商品持续坚挺。到1974年至1981年，就到了买进小盘价值股、房地产的时候，此时大宗商品依然表现不错。接下来会发生什么？这将取决于美联储是否有勇气像1981年沃尔克那样，在短期内将利率提高到20%，即使这也意味着风险资产的崩溃。对于如何对冲接下来市场可能面临的痛苦，Hartnett也给出了建议：最好的衰退对冲是押注“收益率曲线变陡”最好的滞胀对冲是押注美元贬值最好的软着陆对冲是押注非美国股票","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"ESmain":0.6,"PSQ":0.6,"QID":0.6,"IVV":0.6,".SPX":0.6,"DJX":0.6,"NQmain":0.6,"QLD":0.6,"SH":0.6,".IXIC":0.9,"UBmain":0.9,"DDM":0.6,"ZTmain":0.9,"MNQmain":0.6,"OEF":0.6,".DJI":0.9,"ZFmain":0.9,"SPXU":0.6,"TNmain":0.9,"TQQQ":0.6,"DXD":0.6,"DOG":0.6,"SPY":0.85,"ZBmain":0.9,"SQQQ":0.6,"ZNmain":0.9,"TIPS":1,"SDS":0.6,"SSO":0.6,"OEX":0.6,"UDOW":0.6,"UPRO":0.6,"SDOW":0.6,"QQQ":0.6}},"isVote":1,"tweetType":1,"viewCount":770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007637947,"gmtCreate":1642864157523,"gmtModify":1676533753492,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007637947","repostId":"1114397882","repostType":4,"isVote":1,"tweetType":1,"viewCount":844,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051647233,"gmtCreate":1654692967222,"gmtModify":1676535492888,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051647233","repostId":"1161201110","repostType":4,"repost":{"id":"1161201110","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654690672,"share":"https://ttm.financial/m/news/1161201110?lang=en_US&edition=fundamental","pubTime":"2022-06-08 20:17","market":"us","language":"zh","title":"Pre-market | U.S. stock futures index fell slightly, and China Concept rose more than 11% strongly","url":"https://stock-news.laohu8.com/highlight/detail?id=1161201110","media":"老虎资讯综合","summary":"美股三大指数期货小幅下跌。","content":"<p><html><head></head><body>On June 8 (Wednesday), the three major U.S. stock index futures fell slightly. Concerns about growth prospects dampened risk sentiment. Later today, the United States will release wholesale inventory data.</p><p><img src=\"https://static.tigerbbs.com/7229cd39325850b91953f881ae4f4768\" tg-width=\"781\" tg-height=\"276\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p>Popular Chinese concept stocks rose before the market,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Rose more than 8%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up nearly 5%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 4%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up more than 3%.</p><p>Manbang rose by more than 11%, Q1 revenue increased by 53.7% year-on-year to 1.333 billion yuan, and net profit under non-US accounting standards increased by 68% year-on-year to 190 million yuan.</p><p><a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>It rose by more than 4%, and the revenue in the first quarter of 2022 was 2.17 billion, a year-on-year increase of 20%.</p><p><a href=\"https://laohu8.com/S/OCFT\">Financial OneConnect</a>Up by more than 3%, the company announced an increase in the upper limit of stock repurchases, from 2% to 3%.</p><p><b>Important pre-market trends of US stocks</b></p><p>ROKU rose 6%, and it was reported that ROKU recently closed the employee stock ownership trading window.</p><p><a href=\"https://laohu8.com/S/NVAX\">Novavax Pharma</a>Up more than 8%, the FDA advisory committee recommended emergency use authorization for its COVID-19 vaccine (NVX-CoV2373).</p><p><a href=\"https://laohu8.com/S/WDC\">Western Digital</a>Up more than 4%, the company will evaluate strategic plans including splitting flash memory and hard disk business franchises.</p><p>Moderna rose 0.03%. Moderna said that the improved COVID-19 vaccine's immune response to the Omicron variant is stronger than the original vaccine. The improved COVID-19 booster shot is aimed at both the Omicron variant and the original strain.</p><p>Affirm Holdings fell more than 4%, and Wedbush covered Affirm for the first time, giving it an underperform rating and a target price of $15.</p><p><a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Falling more than 6%, Credit Suisse predicts that groups and investment banks may suffer losses in the second quarter and are considering a new round of layoffs. Other U.S. bank stocks generally fell, with UBS falling 4.6%, HSBC Holdings falling 2.33%, Barclays falling 1.27%, Bank of America and Citigroup falling nearly 1%.</p><p><b>Commodity Trends</b></p><p>International oil prices fluctuated higher. The market expects that U.S. oil inventories will decrease, demand for summer driving travel will be strong, and the capacity of most refineries around the world is approaching the limit, all of which support the strengthening of the oil market.</p><p><img src=\"https://static.tigerbbs.com/43af6cfcb26d225d73671fc873b87bef\" tg-width=\"1094\" tg-height=\"678\" referrerpolicy=\"no-referrer\"/></p><p>International gold prices fluctuated within a narrow range.</p><p><img src=\"https://static.tigerbbs.com/2630aa320c9396fd3ae487260f238436\" tg-width=\"1192\" tg-height=\"699\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Pre-market | U.S. stock futures index fell slightly, and China Concept rose more than 11% strongly</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market | U.S. stock futures index fell slightly, and China Concept rose more than 11% strongly\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-06-08 20:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On June 8 (Wednesday), the three major U.S. stock index futures fell slightly. Concerns about growth prospects dampened risk sentiment. Later today, the United States will release wholesale inventory data.</p><p><img src=\"https://static.tigerbbs.com/7229cd39325850b91953f881ae4f4768\" tg-width=\"781\" tg-height=\"276\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p>Popular Chinese concept stocks rose before the market,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Rose more than 8%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up nearly 5%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 4%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up more than 3%.</p><p>Manbang rose by more than 11%, Q1 revenue increased by 53.7% year-on-year to 1.333 billion yuan, and net profit under non-US accounting standards increased by 68% year-on-year to 190 million yuan.</p><p><a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>It rose by more than 4%, and the revenue in the first quarter of 2022 was 2.17 billion, a year-on-year increase of 20%.</p><p><a href=\"https://laohu8.com/S/OCFT\">Financial OneConnect</a>Up by more than 3%, the company announced an increase in the upper limit of stock repurchases, from 2% to 3%.</p><p><b>Important pre-market trends of US stocks</b></p><p>ROKU rose 6%, and it was reported that ROKU recently closed the employee stock ownership trading window.</p><p><a href=\"https://laohu8.com/S/NVAX\">Novavax Pharma</a>Up more than 8%, the FDA advisory committee recommended emergency use authorization for its COVID-19 vaccine (NVX-CoV2373).</p><p><a href=\"https://laohu8.com/S/WDC\">Western Digital</a>Up more than 4%, the company will evaluate strategic plans including splitting flash memory and hard disk business franchises.</p><p>Moderna rose 0.03%. Moderna said that the improved COVID-19 vaccine's immune response to the Omicron variant is stronger than the original vaccine. The improved COVID-19 booster shot is aimed at both the Omicron variant and the original strain.</p><p>Affirm Holdings fell more than 4%, and Wedbush covered Affirm for the first time, giving it an underperform rating and a target price of $15.</p><p><a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Falling more than 6%, Credit Suisse predicts that groups and investment banks may suffer losses in the second quarter and are considering a new round of layoffs. Other U.S. bank stocks generally fell, with UBS falling 4.6%, HSBC Holdings falling 2.33%, Barclays falling 1.27%, Bank of America and Citigroup falling nearly 1%.</p><p><b>Commodity Trends</b></p><p>International oil prices fluctuated higher. The market expects that U.S. oil inventories will decrease, demand for summer driving travel will be strong, and the capacity of most refineries around the world is approaching the limit, all of which support the strengthening of the oil market.</p><p><img src=\"https://static.tigerbbs.com/43af6cfcb26d225d73671fc873b87bef\" tg-width=\"1094\" tg-height=\"678\" referrerpolicy=\"no-referrer\"/></p><p>International gold prices fluctuated within a narrow range.</p><p><img src=\"https://static.tigerbbs.com/2630aa320c9396fd3ae487260f238436\" tg-width=\"1192\" tg-height=\"699\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161201110","content_text":"6月8日（周三），美股三大指数期货小幅下跌。对增长前景的担忧抑制了风险情绪。今日晚些时候，美国将公布批发库存数据。中概股盘前走势热门中概股盘前走高，哔哩哔哩涨超8%，滴滴涨近5%，拼多多涨超4%，阿里巴巴、蔚来涨超3%。满帮涨超11%，Q1营收同比增53.7%至13.33亿元，非美国会计准则下净利润同比增68%至1.9亿元。金山云涨超4%，2022年一季度营收21.7亿，同比增长20%。金融壹账通涨超3%，公司宣布提高股票回购上限，由2%提升至3%。重要美股盘前走势ROKU涨6%，消息称ROKU近期关闭了员工持股交易窗口。诺瓦瓦克斯医药涨超8%，FDA咨询委员会建议对其新冠疫苗（NVX-CoV2373）给予紧急使用授权。西部数据涨超4%，公司将评估包括拆分闪存和硬盘业务特许权在内的战略方案。Moderna涨0.03%，Moderna表示，改良后的新冠疫苗对奥密克戎变异株的免疫反应比最初的疫苗更强，改良后的新冠加强针既针对奥密克戎变异株，也针对原始毒株。Affirm Holdings跌超4%，韦德布什首次覆盖Affirm，予其跑输大市评级和15美元的目标价。瑞士信贷跌超6%，瑞士信贷预计集团、投资银行二季度可能出现亏损，并考虑进行新一轮裁员。其他美股银行股普遍下跌，瑞银跌4.6%，汇丰控股跌2.33%，巴克莱跌1.27%，美国银行、花旗集团跌近1%。大宗商品走势国际油价震荡走高。市场预计美国石油库存将减少，且夏季驾驶出游需求强劲，全球大多数炼厂产能已经接近极限，这些都支持油市走强。国际金价窄幅震荡。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925912822,"gmtCreate":1671899496266,"gmtModify":1676538608723,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9925912822","repostId":"1160777906","repostType":4,"repost":{"id":"1160777906","kind":"news","weMediaInfo":{"introduction":"提供即時金融資訊、行情、數據，旨在幫助投資者理解世界，做投資決策。","home_visible":1,"media_name":"老虎資訊","id":"1059071526","head_image":"https://community-static.tradeup.com/news/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672011755,"share":"https://ttm.financial/m/news/1160777906?lang=en_US&edition=fundamental","pubTime":"2022-12-26 07:42","market":"hk","language":"zh","title":"Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1160777906","media":"老虎資訊","summary":"尊敬的投資者：聖誕節長假期已經來到，美股、港股等市場的交易活動會受到影響。請留意股市休市時間，並提前安排好您的投資計劃。聖誕節期間股市交易安排美股：2022年12月26日（週一）休市。港股：2022年","content":"<p><html><head></head><body><b>Dear Investors:</b></p><p>The long Christmas holiday has arrived, and trading activities in U.S. stocks, Hong Kong stocks and other markets will be affected. Please pay attention to when the stock market is closed and arrange your investment plan in advance.</p><p>Stock Market Trading Arrangements During Christmas</p><p><b>US stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p>The market will be closed on December 27, 2022 (Tuesday).</p><p><b>Singapore Stock Market:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Australian market:</b></p><p>Except for holiday days, the Australian market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>New Zealand Market:</b></p><p>Except for holiday days, the New Zealand market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>Shanghai and Shenzhen stock markets:</b></p><p>The Shanghai and Shenzhen stock markets traded as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p><b>Hong Kong Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p></body></html></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>Tip: The Christmas holiday has arrived, a look at the closing times of the trading markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTip: The Christmas holiday has arrived, a look at the closing times of the trading markets\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1059071526\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎資訊 </p>\n<p class=\"h-time smaller\">2022-12-26 07:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Dear Investors:</b></p><p>The long Christmas holiday has arrived, and trading activities in U.S. stocks, Hong Kong stocks and other markets will be affected. Please pay attention to when the stock market is closed and arrange your investment plan in advance.</p><p>Stock Market Trading Arrangements During Christmas</p><p><b>US stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p>The market will be closed on December 27, 2022 (Tuesday).</p><p><b>Singapore Stock Market:</b></p><p>The market will be closed on December 26, 2022 (Monday).</p><p><b>Australian market:</b></p><p>Except for holiday days, the Australian market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>New Zealand Market:</b></p><p>Except for holiday days, the New Zealand market will be closed on Monday, December 26, 2022 and Tuesday, December 27, 2022 local time.</p><p><b>Shanghai and Shenzhen stock markets:</b></p><p>The Shanghai and Shenzhen stock markets traded as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p><b>Hong Kong Stock Connect:</b></p><p>No services will be available on Monday, December 26, 2022.</p><p>No services will be available on December 27, 2022 (Tuesday).</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e029cf8d7c318d1de45f38c9aaf8eeb7","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160777906","content_text":"尊敬的投資者：聖誕節長假期已經來到，美股、港股等市場的交易活動會受到影響。請留意股市休市時間，並提前安排好您的投資計劃。聖誕節期間股市交易安排美股：2022年12月26日（週一）休市。港股：2022年12月26日（週一）休市。2022年12月27日（週二）休市。新加坡股市：2022年12月26日（週一）休市。澳洲市場：除節禮日之外，澳洲市場將於當地時間2022年12月26日（週一）和 2022年12月27日（週二）休市。新西蘭市場：除節禮日之外，新西蘭市場將於當地時間2022年12月26日（週一）和2022年12月27日（週二）休市。滬深兩市：滬深兩市照常交易。滬股通、深股通：2022年12月26日（週一）不提供服務。2022年12月27日（週二）不提供服務。港股通：2022年12月26日（週一）不提供服務。2022年12月27日（週二）不提供服務。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980204755,"gmtCreate":1665729168977,"gmtModify":1676537656628,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9980204755","repostId":"2275838449","repostType":4,"repost":{"id":"2275838449","kind":"highlight","weMediaInfo":{"introduction":"最有深度的半导体新媒体，实讯、专业、原创、深度，30万半导体精英关注！专注观察全球半导体最新资讯、技术前沿、发展趋势。《摩尔精英》《中国集成电路》共同出品，欢迎订阅摩尔旗下公众号：摩尔精英、摩尔芯闻、摩尔App","home_visible":1,"media_name":"半导体行业观察","id":"1099700132","head_image":"https://static.tigerbbs.com/705285f8deea4d7b8e48df7848a67868"},"pubTimestamp":1665728466,"share":"https://ttm.financial/m/news/2275838449?lang=en_US&edition=fundamental","pubTime":"2022-10-14 14:21","market":"us","language":"zh","title":"TSMC, no good news","url":"https://stock-news.laohu8.com/highlight/detail?id=2275838449","media":"半导体行业观察","summary":"高歌猛进的台积电，还是带来了一些寒意","content":"<p><html><head></head><body>In the third quarter ending September,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Revenue increased by 35.9% to US $20.25 billion, a year-on-year increase of 47.9%, and a month-on-month increase of 14.8%. Data show that TSMC's gross profit margin is as high as 60.4%, which is mainly due to strong exchange rate and cost improvements. Looking at the company's operating profit margin, it is also as high as 50.6%, which exceeds the company's expectations.</p><p><img src=\"https://static.tigerbbs.com/9886299fec16dd7f37d3e8b4b696085d\" tg-width=\"776\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Although from the perspective of performance, TSMC is still making rapid progress, but judging from their financial report briefing, TSMC still brought some chill.</p><p>1. Differences in financial data</p><p>Although from the perspective of performance, TSMC is still making rapid progress, but from the perspective of revenue data, TSMC has made some changes.</p><p>From the perspective of process contribution, as shown in the figure below,<b>TSMC's 5nm and 7nm contribute 54% of the company's revenue</b>, which is enough to consolidate their position as the leader of wafer foundry.</p><p><img src=\"https://static.tigerbbs.com/45a00f974b3d1d4d70ddef308cd4b39f\" tg-width=\"1000\" tg-height=\"539\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TSMC is abandoning, according to nextplatform<a href=\"https://laohu8.com/S/INTC\">Intel</a>The kind of profit that data center groups had between 2010 and 2018, if it wasn't that hard to build expertise in advanced chip manufacturing and it was that expensive to build chip factories, we would say that such profits would sow the seeds of competition. But in this case,<b>TSMC's growth and profitability over the past decade have had the opposite effect, forcing foundry after foundry to close down or focus on older processes</b>。 This is TSMC,<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>And Intel, the three companies are committed to advanced chip manufacturing processes that are critical to the computing and network engines that underlie data centers.</p><p>TSMC knew it needed a lot of money to determine the competitive pace of its chip etching and packaging, so the company's top executives completely abandoned the idea of implementing share buybacks amid concerns about the stock being hammered by export controls on chips and chip manufacturing. Due to the malaise in the gaming and cryptocurrency mining segments of the GPU business and the PC segment of the CPU business, TSMC has no intention of conducting share buybacks at this time,<b>This shows that it is a sane long-term player and doesn't want to be like Intel and<a href=\"https://laohu8.com/S/IBM\">IBM</a>Make quick money for shareholders that way</b>。 It will need every penny of its $44.3 billion in cash and investment reserves.</p><p>Cash reserves are growing faster than the inflation rate of fab prices (we think), so that's good.<b>But all that hard-earned money may only build three or four new plants</b>, while TSMC is currently building a new factory in Arizona, US, and expanding one in Kumamoto, Japan, and two others in Nanjing, China.</p><p>The third quarter of 2022 was a jump period for the semiconductor industry, with TSMC's capital expenditures rising 29.2% to $8.75 billion. The company paid $4.5 billion in Dividend during the quarter and held $26.5 billion in debt in the form of bonds.</p><p><img src=\"https://static.tigerbbs.com/ae15dff3d4f6a7fbc5dacb1ff309d23e\" tg-width=\"706\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2. Changes in technology platforms</p><p>In recent quarters, it has grown far faster than revenue and capital expenditures due to growth in TSMC's so-called HPC business, which includes CPUs, GPUs, FPGAs, and custom ASICs. Looking at platform contributions this quarter, we found that<b>Smartphones once again become TSMC's largest source of revenue contribution</b>This aspect may be because<a href=\"https://laohu8.com/S/AAPL\">Apple</a>And<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>The purchase of goods has brought a strong boost to TSMC; On the other hand, the caution of HPC manufacturers has further contributed to the current results.</p><p><img src=\"https://static.tigerbbs.com/d8c053fda3619c9945b59175f0cc0578\" tg-width=\"1000\" tg-height=\"562\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This happens when you don't get caught up in tangential acquisitions and forget you're an advanced foundry that has to hedge its technology bets to fulfill its roadmap promises. When Intel screwed up its foundry roadmap, it was disappointing that it had only one captive customer-Intel itself. If TSMC screws up, customers will start looking at Samsung and Intel; If it messes up, they'll drop TSMC in favor of Samsung and maybe Intel in a few years.</p><p>TSMC has struggled at some manufacturing nodes-28nm, 10nm, and 3nm-but it appears to have taken control of its 3nm process in time to be able to offer state-of-the-art chip designs starting next year.</p><p>During a conference call discussing Q3 data with Wall Street analysts, TSMC CEO CC Wei said the increasing growth of 5N nano nodes used to make many smartphones, CPUs, GPUs and switch ASICs offset a slowdown in 7N nodes used on previous generations of chips, including many PC chips that have slowed as the client device market has slowed sharply in recent quarters. In fact, N7 and related N6 refining processes will not see the same foundry capacity utilization rate as in the past three years, because this is the advanced node of production, Wei Zhejia further stated,<b>This sluggish production of the N7 and N6 will continue into the first half of 2023</b>。</p><p>\"We think N7 and N6 demand is more of a cyclical issue than a structural issue, and we expect N7 and N6 demand to pick up in the second half of 2023,\" Wei Zhejia explained. \"In the long term, we will continue to work closely with our customers to develop specialized and differentiated technologies and are confident that we will drive additional structural waves of demand in the coming years to backfill our N7 and N6 capacity. The 7nm series will continue to be a large and enduring node for TSMC.\"</p><p>When TSMC says durable, it's not joking. The company still manufactures chips using 250nm and larger geometries, and chips using 16nm or larger processes still account for 46% of revenue. These nodes persist and they become more profitable over time.</p><p><img src=\"https://static.tigerbbs.com/fbc45a59643edd70f4c2eee7099fd0c7\" tg-width=\"706\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data show that TSMC's HPC division sales were US $7.89 billion, an increase of 43.3%, and sales of its smartphone chip division were US $8.29 billion, an increase of 26.7%. As can be seen from the above figure,<b>The HPC segment has been rising steadily and we think will eventually permanently overtake the smartphone segment as TSMC's largest revenue source</b>。 Other segments, including IoT, automotive, digital consumer electronics, and more, are mostly growing, but they pale in comparison to these two major segments.</p><p><img src=\"https://static.tigerbbs.com/710d65d96180f928355fa42fa4302fd4\" tg-width=\"702\" tg-height=\"411\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Generally speaking, there is a correlation between wafer shipments and revenue, but they go up and down at different rates. Arguably, TSMC's wafer shipments declined in both the second half of 2018 and the first half of 2019, and so far, even amid a slowdown in the overall semiconductor industry, TSMC is still shipping millions of 12-inch wafers-3.97 million in the third quarter, up 9%, to be precise. That's a bit slower than the last three quarters, but it's still growing because, frankly, TSMC is the best foundry in the world and chip designers have no choice. If they want to break through the limits of their design and manufacturing processes, they can only go to TSMC.</p><p>Wei Zhejia said that the 3nm process, which caused some headaches for TSMC a year ago, is expected to achieve mass production later this year and is expected to see \"steady growth\" in 2023, thanks to the strong HPC and smartphone market segments. adoption.</p><p>Wei Zhejia added that demand for 3nm exceeds supply due to foundry tooling constraints-meaning pricing can be very profitable for foundries-and that the N3 process will be \"fully utilized\" next year and will actually be higher than the 5nm process. It started to accelerate in 2020. The more advanced N3E process will account for a \"mid-single-digit percentage\" of wafer revenue next year, and some HPC and smartphone chip designs will feature this more advanced process. The N3 and N3E processes have more than double the number of tape-outs than the N5 process at the same point in their history, and demand is expected to remain strong in 2023 and 2024.</p><p>In addition, the N2 2 nano node is under development, all of which are expected to drive TSMC's planned annual revenue growth of 15% to 20% in the next few years.</p><p>But at the same time, TSMC is focusing on the potential for a prolonged semiconductor downturn and how to avoid it.</p><p>3. The industry may decline, and capital expenditures will be lowered</p><p>\"We expect that probably in 2023, the semiconductor industry may decline,\" Wei Zhejia explained. \"While TSMC is not immune, we believe our technology position, strong high-performance computing portfolio, and long-term strategic relationships with customers will make our business more resilient than the semiconductor industry as a whole. That's why we say that 2023 is likely to decline for the industry as a whole, but it is still a year of growth for TSMC.\"</p><p>Bloomberg further noted that while executives at the world's most important chipmaker have bravely tried to calm global nervousness about the outlook for the semiconductor industry, equipment suppliers and investors are unlikely to get much from TSMC's third-quarter earnings report. Many positive signals.</p><p>Its bombshell was the announcement<b>Cut this year's spending plan by 10%</b>。 As recently as July, TSMC also predicted that it would spend $40 billion, compared with the previous forecast of $44 billion. Now it's targeting $36 billion,<b>That means it lost $8 billion in orders in just six months</b>。</p><p><img src=\"https://static.tigerbbs.com/9c77297a669b169a3a9be3d403211a4a\" tg-width=\"1000\" tg-height=\"633\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Executives at major equipment suppliers ASML Holding NV, Lam Research Corp. or KLA Corp. cannot actively drive the trend. In fact,<a href=\"https://laohu8.com/S/AMAT\">Applied Materials</a>The company pointed out these problems only 12 hours ago when it cut its own fourth-quarter revenue forecast.</p><p>While recent attention has focused on the Biden administration's tightening of restrictions on U.S. chip technology exports to China, TSMC has described the impact as \"limited and manageable.\" The company confirmed it has received a one-year authorization from the United States to continue ordering equipment for 28nm and 16nm manufacturing at its Nanjing facility, a small but significant reprieve.</p><p>In fact, the problems facing TSMC and the global chip industry go far beyond the United States' attempt to contain China.</p><p>TSMC CEO CC Wei is blunt. He said,<b>The market is weakening due to weak demand for smartphones and PCs, while some customers delay new product launches</b>, he did not disclose the name of the client. Even TSMC will be affected, with factory utilization remaining weak for the next six to nine months. The company also pointed to the possibility of lowering spending next year.</p><p>One bright spot may be the first drop in inventory since the Covid pandemic, but it also shows that customers such as Nvidia Corp., Apple Inc. and Advanced Micro Devices Inc. lack confidence to keep inventory high in anticipation of future orders.</p><p><img src=\"https://static.tigerbbs.com/b9a642530a31a413bcfc23375260d0d9\" tg-width=\"1000\" tg-height=\"577\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Includes<a href=\"https://laohu8.com/S/SMSD.UK\">Samsung Electronics</a>Global chipmakers including, Intel and Micron are all hinting at the industry's pain, with TSMC standing out as the last beacon of hope. Its position as the world's most advanced semiconductor company and its monopoly on high-end components used in smartphones, data centers and high-performance computers seem to insulate it from the troubles of smaller companies.</p><p>But even TSMC doesn't match the Fed's monetary tightening, Moscow's ongoing conflict with Ukraine, and ongoing supply chain frictions that have stalled equipment deliveries.</p><p>As executives look at the company's data, explain its outlook and technology roadmap, and answer questions, the message is a calm confidence that everything will be okay-maybe sometime next year. Others may see it differently. Even the king of the tech jungle has a hard time finding comfort.</p><p></body></html></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>TSMC, no good news</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC, no good news\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1099700132\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/705285f8deea4d7b8e48df7848a67868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">半导体行业观察 </p>\n<p class=\"h-time smaller\">2022-10-14 14:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In the third quarter ending September,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Revenue increased by 35.9% to US $20.25 billion, a year-on-year increase of 47.9%, and a month-on-month increase of 14.8%. Data show that TSMC's gross profit margin is as high as 60.4%, which is mainly due to strong exchange rate and cost improvements. Looking at the company's operating profit margin, it is also as high as 50.6%, which exceeds the company's expectations.</p><p><img src=\"https://static.tigerbbs.com/9886299fec16dd7f37d3e8b4b696085d\" tg-width=\"776\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Although from the perspective of performance, TSMC is still making rapid progress, but judging from their financial report briefing, TSMC still brought some chill.</p><p>1. Differences in financial data</p><p>Although from the perspective of performance, TSMC is still making rapid progress, but from the perspective of revenue data, TSMC has made some changes.</p><p>From the perspective of process contribution, as shown in the figure below,<b>TSMC's 5nm and 7nm contribute 54% of the company's revenue</b>, which is enough to consolidate their position as the leader of wafer foundry.</p><p><img src=\"https://static.tigerbbs.com/45a00f974b3d1d4d70ddef308cd4b39f\" tg-width=\"1000\" tg-height=\"539\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TSMC is abandoning, according to nextplatform<a href=\"https://laohu8.com/S/INTC\">Intel</a>The kind of profit that data center groups had between 2010 and 2018, if it wasn't that hard to build expertise in advanced chip manufacturing and it was that expensive to build chip factories, we would say that such profits would sow the seeds of competition. But in this case,<b>TSMC's growth and profitability over the past decade have had the opposite effect, forcing foundry after foundry to close down or focus on older processes</b>。 This is TSMC,<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>And Intel, the three companies are committed to advanced chip manufacturing processes that are critical to the computing and network engines that underlie data centers.</p><p>TSMC knew it needed a lot of money to determine the competitive pace of its chip etching and packaging, so the company's top executives completely abandoned the idea of implementing share buybacks amid concerns about the stock being hammered by export controls on chips and chip manufacturing. Due to the malaise in the gaming and cryptocurrency mining segments of the GPU business and the PC segment of the CPU business, TSMC has no intention of conducting share buybacks at this time,<b>This shows that it is a sane long-term player and doesn't want to be like Intel and<a href=\"https://laohu8.com/S/IBM\">IBM</a>Make quick money for shareholders that way</b>。 It will need every penny of its $44.3 billion in cash and investment reserves.</p><p>Cash reserves are growing faster than the inflation rate of fab prices (we think), so that's good.<b>But all that hard-earned money may only build three or four new plants</b>, while TSMC is currently building a new factory in Arizona, US, and expanding one in Kumamoto, Japan, and two others in Nanjing, China.</p><p>The third quarter of 2022 was a jump period for the semiconductor industry, with TSMC's capital expenditures rising 29.2% to $8.75 billion. The company paid $4.5 billion in Dividend during the quarter and held $26.5 billion in debt in the form of bonds.</p><p><img src=\"https://static.tigerbbs.com/ae15dff3d4f6a7fbc5dacb1ff309d23e\" tg-width=\"706\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2. Changes in technology platforms</p><p>In recent quarters, it has grown far faster than revenue and capital expenditures due to growth in TSMC's so-called HPC business, which includes CPUs, GPUs, FPGAs, and custom ASICs. Looking at platform contributions this quarter, we found that<b>Smartphones once again become TSMC's largest source of revenue contribution</b>This aspect may be because<a href=\"https://laohu8.com/S/AAPL\">Apple</a>And<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>The purchase of goods has brought a strong boost to TSMC; On the other hand, the caution of HPC manufacturers has further contributed to the current results.</p><p><img src=\"https://static.tigerbbs.com/d8c053fda3619c9945b59175f0cc0578\" tg-width=\"1000\" tg-height=\"562\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This happens when you don't get caught up in tangential acquisitions and forget you're an advanced foundry that has to hedge its technology bets to fulfill its roadmap promises. When Intel screwed up its foundry roadmap, it was disappointing that it had only one captive customer-Intel itself. If TSMC screws up, customers will start looking at Samsung and Intel; If it messes up, they'll drop TSMC in favor of Samsung and maybe Intel in a few years.</p><p>TSMC has struggled at some manufacturing nodes-28nm, 10nm, and 3nm-but it appears to have taken control of its 3nm process in time to be able to offer state-of-the-art chip designs starting next year.</p><p>During a conference call discussing Q3 data with Wall Street analysts, TSMC CEO CC Wei said the increasing growth of 5N nano nodes used to make many smartphones, CPUs, GPUs and switch ASICs offset a slowdown in 7N nodes used on previous generations of chips, including many PC chips that have slowed as the client device market has slowed sharply in recent quarters. In fact, N7 and related N6 refining processes will not see the same foundry capacity utilization rate as in the past three years, because this is the advanced node of production, Wei Zhejia further stated,<b>This sluggish production of the N7 and N6 will continue into the first half of 2023</b>。</p><p>\"We think N7 and N6 demand is more of a cyclical issue than a structural issue, and we expect N7 and N6 demand to pick up in the second half of 2023,\" Wei Zhejia explained. \"In the long term, we will continue to work closely with our customers to develop specialized and differentiated technologies and are confident that we will drive additional structural waves of demand in the coming years to backfill our N7 and N6 capacity. The 7nm series will continue to be a large and enduring node for TSMC.\"</p><p>When TSMC says durable, it's not joking. The company still manufactures chips using 250nm and larger geometries, and chips using 16nm or larger processes still account for 46% of revenue. These nodes persist and they become more profitable over time.</p><p><img src=\"https://static.tigerbbs.com/fbc45a59643edd70f4c2eee7099fd0c7\" tg-width=\"706\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data show that TSMC's HPC division sales were US $7.89 billion, an increase of 43.3%, and sales of its smartphone chip division were US $8.29 billion, an increase of 26.7%. As can be seen from the above figure,<b>The HPC segment has been rising steadily and we think will eventually permanently overtake the smartphone segment as TSMC's largest revenue source</b>。 Other segments, including IoT, automotive, digital consumer electronics, and more, are mostly growing, but they pale in comparison to these two major segments.</p><p><img src=\"https://static.tigerbbs.com/710d65d96180f928355fa42fa4302fd4\" tg-width=\"702\" tg-height=\"411\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Generally speaking, there is a correlation between wafer shipments and revenue, but they go up and down at different rates. Arguably, TSMC's wafer shipments declined in both the second half of 2018 and the first half of 2019, and so far, even amid a slowdown in the overall semiconductor industry, TSMC is still shipping millions of 12-inch wafers-3.97 million in the third quarter, up 9%, to be precise. That's a bit slower than the last three quarters, but it's still growing because, frankly, TSMC is the best foundry in the world and chip designers have no choice. If they want to break through the limits of their design and manufacturing processes, they can only go to TSMC.</p><p>Wei Zhejia said that the 3nm process, which caused some headaches for TSMC a year ago, is expected to achieve mass production later this year and is expected to see \"steady growth\" in 2023, thanks to the strong HPC and smartphone market segments. adoption.</p><p>Wei Zhejia added that demand for 3nm exceeds supply due to foundry tooling constraints-meaning pricing can be very profitable for foundries-and that the N3 process will be \"fully utilized\" next year and will actually be higher than the 5nm process. It started to accelerate in 2020. The more advanced N3E process will account for a \"mid-single-digit percentage\" of wafer revenue next year, and some HPC and smartphone chip designs will feature this more advanced process. The N3 and N3E processes have more than double the number of tape-outs than the N5 process at the same point in their history, and demand is expected to remain strong in 2023 and 2024.</p><p>In addition, the N2 2 nano node is under development, all of which are expected to drive TSMC's planned annual revenue growth of 15% to 20% in the next few years.</p><p>But at the same time, TSMC is focusing on the potential for a prolonged semiconductor downturn and how to avoid it.</p><p>3. The industry may decline, and capital expenditures will be lowered</p><p>\"We expect that probably in 2023, the semiconductor industry may decline,\" Wei Zhejia explained. \"While TSMC is not immune, we believe our technology position, strong high-performance computing portfolio, and long-term strategic relationships with customers will make our business more resilient than the semiconductor industry as a whole. That's why we say that 2023 is likely to decline for the industry as a whole, but it is still a year of growth for TSMC.\"</p><p>Bloomberg further noted that while executives at the world's most important chipmaker have bravely tried to calm global nervousness about the outlook for the semiconductor industry, equipment suppliers and investors are unlikely to get much from TSMC's third-quarter earnings report. Many positive signals.</p><p>Its bombshell was the announcement<b>Cut this year's spending plan by 10%</b>。 As recently as July, TSMC also predicted that it would spend $40 billion, compared with the previous forecast of $44 billion. Now it's targeting $36 billion,<b>That means it lost $8 billion in orders in just six months</b>。</p><p><img src=\"https://static.tigerbbs.com/9c77297a669b169a3a9be3d403211a4a\" tg-width=\"1000\" tg-height=\"633\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Executives at major equipment suppliers ASML Holding NV, Lam Research Corp. or KLA Corp. cannot actively drive the trend. In fact,<a href=\"https://laohu8.com/S/AMAT\">Applied Materials</a>The company pointed out these problems only 12 hours ago when it cut its own fourth-quarter revenue forecast.</p><p>While recent attention has focused on the Biden administration's tightening of restrictions on U.S. chip technology exports to China, TSMC has described the impact as \"limited and manageable.\" The company confirmed it has received a one-year authorization from the United States to continue ordering equipment for 28nm and 16nm manufacturing at its Nanjing facility, a small but significant reprieve.</p><p>In fact, the problems facing TSMC and the global chip industry go far beyond the United States' attempt to contain China.</p><p>TSMC CEO CC Wei is blunt. He said,<b>The market is weakening due to weak demand for smartphones and PCs, while some customers delay new product launches</b>, he did not disclose the name of the client. Even TSMC will be affected, with factory utilization remaining weak for the next six to nine months. The company also pointed to the possibility of lowering spending next year.</p><p>One bright spot may be the first drop in inventory since the Covid pandemic, but it also shows that customers such as Nvidia Corp., Apple Inc. and Advanced Micro Devices Inc. lack confidence to keep inventory high in anticipation of future orders.</p><p><img src=\"https://static.tigerbbs.com/b9a642530a31a413bcfc23375260d0d9\" tg-width=\"1000\" tg-height=\"577\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Includes<a href=\"https://laohu8.com/S/SMSD.UK\">Samsung Electronics</a>Global chipmakers including, Intel and Micron are all hinting at the industry's pain, with TSMC standing out as the last beacon of hope. Its position as the world's most advanced semiconductor company and its monopoly on high-end components used in smartphones, data centers and high-performance computers seem to insulate it from the troubles of smaller companies.</p><p>But even TSMC doesn't match the Fed's monetary tightening, Moscow's ongoing conflict with Ukraine, and ongoing supply chain frictions that have stalled equipment deliveries.</p><p>As executives look at the company's data, explain its outlook and technology roadmap, and answer questions, the message is a calm confidence that everything will be okay-maybe sometime next year. Others may see it differently. Even the king of the tech jungle has a hard time finding comfort.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9084879b46914a26a82473ac4aab53d5","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275838449","content_text":"在截至 9 月的第三季度中，台积电的收入增长了 35.9% 至 202.5 亿美元，同比增长47.9%，环比增长也高达14.8%。数据显示，台积电的毛利率高达60.4%，这主要受惠于有力的汇率和成本改善。查看公司的的营业利润率，也高达50.6%，这些数据都超过公司的预期。虽然从业绩上看，台积电还是高歌猛进，但从他们的财报说明会看来，台积电还是带来了一些寒意。一、财务数据的不同虽然从业绩上看，台积电还是高歌猛进，但从营收数据上看，台积电还是有了一些转变。从制程贡献上看，如下图所示，台积电5nm和7nm贡献了公司54%的营收，这足以稳固他们作为晶圆代工领头羊的地位。按照nextplatform所说，台积电正在抛弃英特尔数据中心集团在 2010 年至 2018 年之间的那种利润，如果在先进芯片制造方面建立专业知识不是那么难，而且建造芯片工厂的成本那么高，我们会说这样的利润会播种竞争的种子。但在这种情况下，台积电过去十年的增长和盈利能力却产生了相反的效果，迫使一个又一个代工厂倒闭或专注于旧工艺。这就是台积电、三星和英特尔这三家致力于先进芯片制造工艺的原因，这些工艺对于作为数据中心基础的计算和网络引擎至关重要。台积电知道它需要大量资金来确定其芯片蚀刻和封装的竞争步伐，因此该公司的高层完全放弃了实施股票回购的想法，因为担心芯片和芯片制造出口管制而导致股票受到重创。由于 GPU 业务中游戏和加密货币挖矿部分以及 CPU 业务中 PC 部分的萎靡不振，台积电目前无意进行股票回购，这表明它是一个理智的长期参与者，不希望像英特尔和 IBM 那样为股东快速赚钱。它将需要其 443 亿美元现金和投资储备中的每一分钱。现金储备的增长速度快于晶圆厂价格的通货膨胀率（我们认为），所以这很好。但所有这些辛苦赚来的钱可能只能建造三到四家新工厂，而台积电目前正在美国亚利桑那州建造一座新工厂，并在日本熊本扩建一座，在中国南京扩建另外两座。2022 年第三季度是半导体行业的一个跳跃时期，台积电的资本支出增长了 29.2% 至 87.5 亿美元。该公司在本季度支付了 45 亿美元的股息，并以债券形式持有 265 亿美元的债务。二、技术平台的变化最近几个季度，由于台积电所谓的 HPC 业务（包括 CPU、GPU、FPGA 和定制 ASIC）的增长，其增长速度远远快于收入和资本支出。从本季度平台贡献来看，我们发现智能手机再度成为台积电最大的营收贡献来源，这一方面可能是因为苹果和高通的拉货，给台积电带来的大力推动；另一方面，HPC厂商的谨慎，进一步成就了当前的结果。当你不沉迷于切线收购并忘记你是一家必须对冲其技术赌注以实现路线图承诺的先进代工厂时，就会发生这种情况。在英特尔搞砸其代工路线图时，它只有一个专属客户——英特尔本身——令人失望。如果台积电搞砸了，客户会开始关注三星和英特尔；如果搞砸了，他们会放弃台积电，转而选择三星，也许几年后会放弃英特尔。台积电在一些制造节点上遇到了困难——28 纳米、10 纳米和 3 纳米——但它似乎已经及时控制了其 3 纳米工艺，能够从明年开始提供最先进的芯片设计。在与华尔街分析师讨论第三季度数据的电话会议上，台积电首席执行官魏哲家（CC Wei）表示，用于制造许多智能手机、CPU、GPU 和交换机 ASIC 的 5N 纳米节点的增长越来越多，这抵消了前几代芯片上使用的 7N 节点的放缓，包括随着客户端设备市场在最近几个季度急剧放缓而出现放缓的许多 PC 芯片。事实上，N7 和相关的 N6 精制工艺将不会看到与过去三年相同的代工产能利用率，因为这是生产的先进节点，魏哲家进一步表示，N7 和 N6 的这种低迷生产将持续到 2023 年上半年。“我们认为 N7 和 N6 需求更多是周期性问题，而不是结构性问题，我们预计 N7 和 N6 需求将在 2023 年下半年回升，”魏哲家解释说。“从长远来看，我们将继续与客户密切合作，开发专业和差异化技术，并有信心在未来几年推动额外的结构性需求浪潮，以回填我们的 N7 和 N6 产能。7纳米系列将继续成为台积电的一个庞大而持久的节点。”当台积电说持久时，这不是在开玩笑。该公司仍使用 250 纳米及更大几何尺寸制造芯片，使用 16 纳米或更大工艺的芯片仍占收入的 46%。这些节点会持续存在，它们会随着时间的推移而变得更有利可图。数据显示，台积电HPC部门销售额为78.9亿美元，增长43.3%，智能手机芯片部门销售额为82.9亿美元，增长26.7%。从上图可以看出，HPC 细分市场一直在稳步上升，我们认为最终将永久超越智能手机细分市场，成为台积电的最大收入来源。其他领域，包括物联网、汽车、数字消费电子等，大部分都在增长，但与这两个主要领域相比，它们相形见绌。一般来说，晶圆出货量和收入之间存在相关性，但它们以不同的速度上升和下降。可以说，台积电在 2018 年下半年和 2019 年上半年的晶圆出货量都有所下降，到目前为止，即使在整体半导体行业放缓的情况下，台积电仍在出货数百万片12 英寸晶圆——准确地说，第三季度为 397 万，增长 9%。这比过去三个季度的增长速度要慢一些，但它仍然是增长的，因为坦率地说，台积电是世界上最好的代工厂，芯片设计人员别无选择。如果他们想突破他们的设计与制程的极限，他们只能去台积电。魏哲家说，一年前让台积电有些头疼的3纳米工艺， 有望在今年晚些时候实现量产，预计 2023 年将出现“平稳增长”，这得益于强劲的 HPC 和智能手机细分市场的采用。魏哲家补充说，由于代工厂工具的限制，3纳米的需求超过供应——这意味着定价对于代工厂来说可能是非常有利可图的——并且 N3 工艺将在明年“充分利用”，实际上将高于 5 纳米工艺。它在 2020 年开始加速。更先进的 N3E 工艺将占明年晶圆收入的“中个位数百分比”，一些 HPC 和智能手机芯片设计将采用这种更先进的工艺。N3 和 N3E 工艺的流片数量在其历史的同一时间点是 N5 工艺的两倍以上，预计 2023 年和 2024 年需求将保持强劲。此外， N2 2 纳米节点正在开发中，所有这些都有望推动台积电在未来几年内计划实现 15% 至 20% 的年收入增长。但与此同时，台积电正关注半导体可能长期低迷的情况以及如何避免这种情况。三、行业或衰退，下调资本支出“我们预计可能在 2023 年，半导体行业可能会下滑，”魏哲家解释道。“虽然台积电也不能幸免，但我们相信我们的技术地位、强大的高性能计算产品组合以及与客户的长期战略关系将使我们的业务比整个半导体行业更具弹性。这就是为什么我们说 2023 年整个行业可能会下滑，但对于台积电来说仍然是增长的一年，。”彭博社进一步指出，虽然这家全球最重要的芯片制造商的高管勇敢地尝试安抚全球对半导体行业前景的紧张情绪，但设备供应商和投资者不太可能从台积电第三季度的财报中获得太多积极信号。它的重磅炸弹是宣布将今年的支出计划削减 10%。就在 7 月，台积电还预测其将斥资 400 亿美元，而此前的预测为 440 亿美元。现在它的目标是 360 亿美元，这意味着它在短短六个月内就损失了 80 亿美元的订单。主要设备供应商 ASML Holding NV、Lam Research Corp. 或 KLA Corp. 的高管无法积极推动这一趋势。事实上，应用材料公司仅在 12 小时前在削减自己的第四季度收入预期时就指出了这些问题。尽管最近的注意力集中在拜登政府收紧对美国芯片技术出口到中国的限制上，但台积电将这种影响描述为“有限且可控的”。该公司证实，它已从美国获得为期一年的授权，可以继续在其南京工厂订购用于 28 纳米和 16 纳米制造的设备，这是一个小而重要的缓刑。事实上，台积电和全球芯片业所面临的问题，远不止美国试图遏制中国。台积电首席执行官CC Wei直言不讳。他说，由于智能手机和个人电脑的需求疲软，市场正在走软，而一些客户推迟了新产品的推出，他没有透露客户的名字。甚至台积电也将受到影响，未来六到九个月工厂利用率将保持疲软。该公司还指出了明年降低支出的可能性。一个亮点可能是自 Covid 大流行以来库存的首次下降，但这也表明 Nvidia Corp.、Apple Inc. 和 Advanced Micro Devices Inc. 等客户缺乏信心来保持高库存以期待未来的订单。包括三星电子、英特尔和美光在内的全球芯片制造商都在暗示该行业的痛苦，台积电作为最后的希望灯塔脱颖而出。它作为世界上最先进的半导体公司的地位以及对智能手机、数据中心和高性能计算机中使用的高端组件的垄断地位，似乎使其免受小公司的麻烦。但即使是台积电也无法与美联储的货币紧缩、莫斯科与乌克兰的持续冲突以及导致设备交付停滞的持续供应链摩擦相提并论。当高管们查看公司的数据、解释其前景和技术路线图并回答问题时，传递的信息是一种平静的信心，相信一切都会好起来的——也许明年的某个时候。其他人可能会有不同的看法。即使是技术丛林之王也很难找到安慰。","news_type":1,"symbols_score_info":{"TSM":1}},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064793472,"gmtCreate":1652366816296,"gmtModify":1676535086316,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064793472","repostId":"1155367595","repostType":4,"repost":{"id":"1155367595","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1652337006,"share":"https://ttm.financial/m/news/1155367595?lang=en_US&edition=fundamental","pubTime":"2022-05-12 14:30","market":"us","language":"zh","title":"When can US stocks be bought again? Wall Street keeps an eye on these signals","url":"https://stock-news.laohu8.com/highlight/detail?id=1155367595","media":"Wind万得","summary":"分析师表示，美股大跌的最后阶段往往伴随抛售狂潮，而市场见底可以通过这些信号判断：ETF的资金流出情况、 VIX波动率指数、看跌看涨期权的比率、股价回调的个股数量等。分析师表示，预期周三通胀数据将带来\"","content":"<p><html><head></head><body>Analysts said that the final stage of the sharp drop in U.S. stocks is often accompanied by a selling frenzy, and the bottom of the market can be judged by these signals: the outflow of funds from ETFs, the VIX volatility index, the ratio of put and call options, the number of individual stocks whose stock prices have pulled back, etc. Analysts said that investors in the stock and bond markets who expected Wednesday's inflation data to bring a \"watershed\" were disappointed, and the debate over whether the market was close to bottoming continued.</p><p>The April consumer price index (CPI), which is undoubtedly highly anticipated, comes amid a sell-off in stocks and bonds, and investors face a tough test in 2022 as they worry about the Fed's ability to control inflation while avoiding negative impacts on the economy.</p><p>However, published data showed inflation slowed in April, with annualized growth falling to 8.3% from 8.5% in March, but still above expectations of 8.1%.</p><p>Even more problematic for investors is the core index that stripped out volatile food and energy prices. It showed a monthly increase of 0.6% compared to Wall Street's forecast of 0.4%. Core inflation growth over the past year has also slowed to 6.2% from a 40-year high of 6.5% in March.</p><p>U.S. stocks closed lower after a round of volatile trading. The Dow Jones Industrial Average fell about 327 points, or 1%, for its fifth straight session of losses. The S&P 500 index fell sharply 1.65% on Monday to close at a 13-month low. The Nasdaq, which had fallen into a bear market earlier this year, plunged 3%.</p><p>Trading on U.S. Treasury Bond also showed volatility, but there were also no signs of an inflection point, suggesting that the sell-off that pushed U.S. bond yields to a three-and-a-half-year high this month may not have pressed a rest.</p><p>John Higgins, chief market analyst at Capital Economics, said in a report, \"At least so far, the latest U.S. consumer price index (CPI) shows preliminary evidence that inflation has peaked, which is not a watershed for the U.S. Treasury Bond or stock market.\"</p><p>The problem, analysts and investors say, is that while inflation may have peaked, it has not slowed fast enough to give a sense of what the Fed will do in the coming months to control price pressures. This month, the Fed raised its Federal Funds rate by 50 basis points, the largest rate hike margin in more than 20 years-typically the Fed's rate hike is 25 basis points.</p><p>Federal Reserve Chairman Jerome Powell said rate hike 50 basis points will be considered at the next two policy meetings, but poured cold water on speculation about the possibility of 75 basis points in rate hike. Now, some analysts expect that the Fed may change its tune and put rate hike's 75 basis point plan back into consideration.</p><p>Investors will pay close attention to economic data and the Fed's policy response in the future. Analysts said that the final stage of the sharp drop in U.S. stocks is often accompanied by a selling frenzy, and the bottoming out of the market can be judged by three signals.</p><p>First, Michael Hartnett, head of investment strategy at Bank of America, said investors have poured $1.5 trillion into mutual funds and exchange-traded funds (ETFs) since the start of 2021. So far, they have only withdrawn about $35 billion. He said that if the market is to bottom out, he expects $300 billion in capital outflows.</p><p>The Chicago Board Options Exchange's (CBOE) Volatility Index (VIX) tracks investor concerns based on positions in the options market. Bob Doll, chief investment officer of market research firm Crossmark Global Investments, said the volatility index recently hit 35, but not high enough to signal a bottom, and he wants to see the index close to 40. \"We have evidence that there has been some concessions in the market, but it may not be enough to say it has bottomed out.\"</p><p>Larry McDonald, founder of Bear Traps Report, said that U.S. stocks have bottomed out and need to see a sharp contraction in the number of stocks whose prices exceed the 200-day moving average. When this ratio falls in the 20% range, it implies a bottoming signal, while the most recent data is 28%. McDonald pointed out that the number of falling stocks on the NYSE was higher than the number of rising stocks (7 to 1), and the ratio of the two was one of the highest levels in the past five years, and a large number of Nasdaq stocks recently hit new lows.</p><p></body></html></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>When can US stocks be bought again? Wall Street keeps an eye on these signals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhen can US stocks be bought again? Wall Street keeps an eye on these signals\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2022-05-12 14:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Analysts said that the final stage of the sharp drop in U.S. stocks is often accompanied by a selling frenzy, and the bottom of the market can be judged by these signals: the outflow of funds from ETFs, the VIX volatility index, the ratio of put and call options, the number of individual stocks whose stock prices have pulled back, etc. Analysts said that investors in the stock and bond markets who expected Wednesday's inflation data to bring a \"watershed\" were disappointed, and the debate over whether the market was close to bottoming continued.</p><p>The April consumer price index (CPI), which is undoubtedly highly anticipated, comes amid a sell-off in stocks and bonds, and investors face a tough test in 2022 as they worry about the Fed's ability to control inflation while avoiding negative impacts on the economy.</p><p>However, published data showed inflation slowed in April, with annualized growth falling to 8.3% from 8.5% in March, but still above expectations of 8.1%.</p><p>Even more problematic for investors is the core index that stripped out volatile food and energy prices. It showed a monthly increase of 0.6% compared to Wall Street's forecast of 0.4%. Core inflation growth over the past year has also slowed to 6.2% from a 40-year high of 6.5% in March.</p><p>U.S. stocks closed lower after a round of volatile trading. The Dow Jones Industrial Average fell about 327 points, or 1%, for its fifth straight session of losses. The S&P 500 index fell sharply 1.65% on Monday to close at a 13-month low. The Nasdaq, which had fallen into a bear market earlier this year, plunged 3%.</p><p>Trading on U.S. Treasury Bond also showed volatility, but there were also no signs of an inflection point, suggesting that the sell-off that pushed U.S. bond yields to a three-and-a-half-year high this month may not have pressed a rest.</p><p>John Higgins, chief market analyst at Capital Economics, said in a report, \"At least so far, the latest U.S. consumer price index (CPI) shows preliminary evidence that inflation has peaked, which is not a watershed for the U.S. Treasury Bond or stock market.\"</p><p>The problem, analysts and investors say, is that while inflation may have peaked, it has not slowed fast enough to give a sense of what the Fed will do in the coming months to control price pressures. This month, the Fed raised its Federal Funds rate by 50 basis points, the largest rate hike margin in more than 20 years-typically the Fed's rate hike is 25 basis points.</p><p>Federal Reserve Chairman Jerome Powell said rate hike 50 basis points will be considered at the next two policy meetings, but poured cold water on speculation about the possibility of 75 basis points in rate hike. Now, some analysts expect that the Fed may change its tune and put rate hike's 75 basis point plan back into consideration.</p><p>Investors will pay close attention to economic data and the Fed's policy response in the future. Analysts said that the final stage of the sharp drop in U.S. stocks is often accompanied by a selling frenzy, and the bottoming out of the market can be judged by three signals.</p><p>First, Michael Hartnett, head of investment strategy at Bank of America, said investors have poured $1.5 trillion into mutual funds and exchange-traded funds (ETFs) since the start of 2021. So far, they have only withdrawn about $35 billion. He said that if the market is to bottom out, he expects $300 billion in capital outflows.</p><p>The Chicago Board Options Exchange's (CBOE) Volatility Index (VIX) tracks investor concerns based on positions in the options market. Bob Doll, chief investment officer of market research firm Crossmark Global Investments, said the volatility index recently hit 35, but not high enough to signal a bottom, and he wants to see the index close to 40. \"We have evidence that there has been some concessions in the market, but it may not be enough to say it has bottomed out.\"</p><p>Larry McDonald, founder of Bear Traps Report, said that U.S. stocks have bottomed out and need to see a sharp contraction in the number of stocks whose prices exceed the 200-day moving average. When this ratio falls in the 20% range, it implies a bottoming signal, while the most recent data is 28%. McDonald pointed out that the number of falling stocks on the NYSE was higher than the number of rising stocks (7 to 1), and the ratio of the two was one of the highest levels in the past five years, and a large number of Nasdaq stocks recently hit new lows.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50f0a252f951b7accc03d40bda92a3b2","relate_stocks":{".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155367595","content_text":"分析师表示，美股大跌的最后阶段往往伴随抛售狂潮，而市场见底可以通过这些信号判断：ETF的资金流出情况、 VIX波动率指数、看跌看涨期权的比率、股价回调的个股数量等。分析师表示，预期周三通胀数据将带来\"分水岭\"的股市和债市投资者感到失望，令市场是否接近触底的争论仍在继续。4月份消费者价格指数(CPI)无疑备受期待，数据出炉之际，股市和债市出现抛售，投资者在2022年面临严峻考验，因为他们担心美联储是否有能力在控制通胀的同时避免对经济造成负面影响。然而，公布的数据显示，4月通货膨胀有所放缓，年化增速从3月份的8.5%降至8.3%，但仍高于8.1%的预期。对投资者来说，更有问题的是剔除了波动较大的食品和能源价格的核心指数。它显示了0.6%的月度增长，而华尔街的预测为0.4%。过去一年的核心通胀率增幅也从3月份的40年高点6.5%放缓至6.2%。经过一轮震荡交易后，美股收盘走低。道琼斯工业指数下跌约327点，跌幅1%，为连续第五个交易日下跌。标普500指数周一大幅下跌1.65%，收于13个月低点。今年早些时候曾跌入熊市的纳斯达克指数暴跌3%。美国国债的交易也出现了波动，但同样没有出现拐点的迹象，表明本月将美债收益率推高至三年半高点的抛售行为可能还未按下休止符。Capital Economics首席市场分析师John Higgins在报告中称，“至少到目前为止，最新公布的美国消费者物价指数(CPI)显示通胀见顶的初步证据，对美国国债或股市来说还不是一个分水岭。”分析师和投资者说，问题在于，尽管通胀可能已经见顶，但其放缓速度不足以让人明白，美联储在未来几个月将采取什么措施来控制物价压力。本月，美联储将联邦基金利率上调50个基点，这是20多年来最大的加息幅度——通常美联储的加息幅度为25个基点。美联储主席鲍威尔表示，未来两次政策会议将考虑加息50个基点，但对加息75个基点可能性的猜测泼了冷水。现在，一些分析人士预计，美联储可能会改变态度，让加息75个基点的计划重新纳入考虑范围。投资者未来密切关注经济数据及美联储政策反应。分析师表示，美股大跌的最后阶段往往伴随抛售狂潮，而市场见底可以通过三个信号判断。首先，美国银行(Bank of America)投资策略主管迈克尔•哈特尼特(Michael Hartnett)表示，自2021年初以来，投资者向共同基金和交易所交易基金(ETF)投入了1.5万亿美元。到目前为止，他们只提取了大约350亿美元。他表示，如果市场要见底，他预期要出现3000亿美元的资金流出。芝加哥期权交易所(CBOE)的波动率指数(VIX指数)根据期权市场的仓位跟踪投资者的担忧情绪。市场研究公司Crossmark Global Investments首席投资长多尔(Bob Doll)说，波动率指数最近触及35，但还没有高到足以预示底部，他希望看到该指数接近40的位置。“我们有证据表明，市场出现了一些让步，但可能还不足以说它已经触底。”Bear Traps Report创始人拉里·麦克唐纳表示，美股见底，需要看到价格超过200日移动均线的股票数量急剧收缩。当这一比率落在20%的范围内，这意味着见底信号，而最近的数据是28%。麦克唐纳指出，纽交所股票下跌家数高于上涨家数(7比1)，两者比例为过去5年最高水平之一，纳斯达克的大量股票最近创下新低。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094571602,"gmtCreate":1645195488316,"gmtModify":1676534007945,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094571602","repostId":"1157712278","repostType":4,"repost":{"id":"1157712278","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645065627,"share":"https://ttm.financial/m/news/1157712278?lang=en_US&edition=fundamental","pubTime":"2022-02-17 10:40","market":"us","language":"zh","title":"Reminder: U.S. stocks will be closed for one day on February 21 for Washington's birthday","url":"https://stock-news.laohu8.com/highlight/detail?id=1157712278","media":"老虎资讯综合","summary":"2月21日（周一）是美国的华盛顿诞辰纪念日，美国包括股市和债市在内的金融市场将休市一天。2月22日（周二）美股恢复正常交易。港股、A股、英股、澳股、新加坡照常开市。背景简介：华盛顿诞辰纪念日俗称总统日","content":"<p><html><head></head><body>February 21st (Monday) is the anniversary of Washington's birth in the United States, and financial markets in the United States, including the stock market and bond market, will be closed for one day. U.S. stocks resumed normal trading on February 22 (Tuesday).</p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks, and Singapore opened as usual.</p><p><b>Background brief:</b></p><p>Washington's birthday is commonly known as President's Day</p><p>In 1879, a bill passed by the United States Congress decided to make Washington's birthday a federal holiday for the first time. The Monday Holiday Act, which came into effect in 1968, moved the anniversary of Washington's birth from February 22nd every year to the third Monday in February. However, including this bill, there is no legal provision in the United States so far to officially change the name \"Washington's Birthday Anniversary\" to what is now better known as \"President's Day\". The situation among the people is different. More and more Americans have called the third Monday in February \"President's Day\".</p><p>George Washington profile:</p><p><img src=\"https://static.tigerbbs.com/65cb9e79983f7b49037bed99be2c34a2\" tg-width=\"450\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>One of the most common portraits of George Washington</p><p>Washington's full name is George Washington (February 22, 1732-December 14, 1799). He served as the commander-in-chief of the Continental Army during the American Revolutionary War from 1775 to 1783. In 1789, he became the first president of the United States (and also became the first head of state in the world with the title of \"President\"). In two successive presidential elections, he won the unanimous support of all electoral colleges, and served as president of the United States until 1797.</p><p>In 1787, he presided over the Constitutional Convention of the United States, which formulated the basic framework of the present American Constitution. During his two terms, he established many policies and traditions of the United States that continue to this day. After the end of two terms, he voluntarily gave up his power and did not renew his term, establishing the tradition that the president of the United States serves no more than two terms.</p><p>After that, Washington returned to civilian life and lived in seclusion at Mount Vernon Manor. Because he played the most important role in the American Revolution and the founding process, Washington is often called the founding father of the United States. Most American scholars generally rank him along with Abraham Lincoln as one of the greatest presidents in American history.</p><p></body></html></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>Reminder: U.S. stocks will be closed for one day on February 21 for Washington's birthday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. stocks will be closed for one day on February 21 for Washington's birthday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-02-17 10:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>February 21st (Monday) is the anniversary of Washington's birth in the United States, and financial markets in the United States, including the stock market and bond market, will be closed for one day. U.S. stocks resumed normal trading on February 22 (Tuesday).</p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks, and Singapore opened as usual.</p><p><b>Background brief:</b></p><p>Washington's birthday is commonly known as President's Day</p><p>In 1879, a bill passed by the United States Congress decided to make Washington's birthday a federal holiday for the first time. The Monday Holiday Act, which came into effect in 1968, moved the anniversary of Washington's birth from February 22nd every year to the third Monday in February. However, including this bill, there is no legal provision in the United States so far to officially change the name \"Washington's Birthday Anniversary\" to what is now better known as \"President's Day\". The situation among the people is different. More and more Americans have called the third Monday in February \"President's Day\".</p><p>George Washington profile:</p><p><img src=\"https://static.tigerbbs.com/65cb9e79983f7b49037bed99be2c34a2\" tg-width=\"450\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>One of the most common portraits of George Washington</p><p>Washington's full name is George Washington (February 22, 1732-December 14, 1799). He served as the commander-in-chief of the Continental Army during the American Revolutionary War from 1775 to 1783. In 1789, he became the first president of the United States (and also became the first head of state in the world with the title of \"President\"). In two successive presidential elections, he won the unanimous support of all electoral colleges, and served as president of the United States until 1797.</p><p>In 1787, he presided over the Constitutional Convention of the United States, which formulated the basic framework of the present American Constitution. During his two terms, he established many policies and traditions of the United States that continue to this day. After the end of two terms, he voluntarily gave up his power and did not renew his term, establishing the tradition that the president of the United States serves no more than two terms.</p><p>After that, Washington returned to civilian life and lived in seclusion at Mount Vernon Manor. Because he played the most important role in the American Revolution and the founding process, Washington is often called the founding father of the United States. Most American scholars generally rank him along with Abraham Lincoln as one of the greatest presidents in American history.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/65cb9e79983f7b49037bed99be2c34a2","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157712278","content_text":"2月21日（周一）是美国的华盛顿诞辰纪念日，美国包括股市和债市在内的金融市场将休市一天。2月22日（周二）美股恢复正常交易。港股、A股、英股、澳股、新加坡照常开市。背景简介：华盛顿诞辰纪念日俗称总统日1879年美国国会通过的一项法案首次决定将华盛顿诞辰列为联邦节日。1968年生效的《周一节假日法》则将华盛顿诞辰纪念日从每年的2月22日移到2月的第3个周一。但是，包括这一法案在内，美国迄今没有任何法律规定将“华盛顿诞辰纪念日”这一名称正式改为现在更为人所知的“总统日”。民间情况则有所不同，越来越多的美国人已将2月的第3个周一称为“总统日”。乔治-华盛顿简介：乔治-华盛顿最为常见的画像之一华盛顿全名乔治-华盛顿（英文George Washington，1732年2月22日-1799年12月14日），1775至1783年美国独立战争时他任大陆军总司令，1789年成为美国第一任总统（同时也成为全世界首位以“总统”为称号的国家元首），在接连两次总统选举中他都获得了全体选举团无异议的一致支持，一直担任美国总统直至1797年。1787年他主持美国制宪会议，制定了现在美国宪法的基本框架。他在两届任期中设立了美国许多延续至今的政策和传统。两届任期结束后，他自愿放弃权力不再续任，确立了美国总统任期不超过两届的传统。此后华盛顿回复平民生活，隐居在弗农山庄园。由于他在美国独立战争和建国过程中扮演了最重要角色，华盛顿通常被称为美国国父。美国多数学者一般将他和亚伯拉罕-林肯等并列为美国历史上最伟大的总统之一。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959164508,"gmtCreate":1672931938705,"gmtModify":1676538759606,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9959164508","repostId":"1111573423","repostType":4,"isVote":1,"tweetType":1,"viewCount":3417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964279824,"gmtCreate":1670169112468,"gmtModify":1676538313002,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9964279824","repostId":"2287571860","repostType":4,"repost":{"id":"2287571860","kind":"highlight","weMediaInfo":{"introduction":"格上理财旗下专注私募行业的微信公众号。每天精选私募行业动态、私募大佬观点、私募研究报告与您分享，同时涵盖宏观经济、个股、投资理念方面的精华文章。了解私募行业，关注格上私募圈！","home_visible":1,"media_name":"格上私募圈","id":"1083023659","head_image":"https://static.tigerbbs.com/61a7d3b4f53e4a8b81be4c739ded31f5"},"pubTimestamp":1670120839,"share":"https://ttm.financial/m/news/2287571860?lang=en_US&edition=fundamental","pubTime":"2022-12-04 10:27","market":"hk","language":"zh","title":"Munger: You must do business with high-level people, never wrestle with a pig","url":"https://stock-news.laohu8.com/highlight/detail?id=2287571860","media":"格上私募圈","summary":"临了，他会转向芒格，问道：“你还有什么要补充的吗？”芒格说的自学，就是永不停歇的自我提升。芒格在生活中也绝不盲从专家，他有自己的医生、会计师，他会参考他们的意见，但不会全信。芒格认为，阅读商业杂志是一条捷径。芒格认为，只有单一学科思维的人，就像只有一把锤子的人。芒格认为，要判断一门生意是不是好生意，就需要问这样的情况能持续多久？芒格坚定地认为。","content":"<p><html><head></head><body><b>Author: Janet Lohr (USA)</b></p><p><b>Source: This article is excerpted from the book The Biography of Charlie Munger by Renmin University of China Press.</b></p><p><b>Written in front:</b></p><p>For decades, there has been a man standing silently behind the aura of stock god Buffett, and he is Charlie Munger. They met when they were young, appreciated each other, and their values were highly consistent. Buffett said without words: Without Munger, I would be much poorer than I am now. I am beyond words of gratitude to him. They are life partners with equal wisdom and co-creators of the investment miracle with a compound annual growth rate of 19.2% in 51 years. The difference is that Munger is too low-key.</p><p>Every spring, thousands of people travel to Omaha, Nebraska to attend<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>At the company's annual shareholders' meeting, they went to see Buffett, but they were also very interested in the person sitting beside Buffett on the stage and helping the Omaha wise man answer questions from time to time.</p><p>The performance usually goes like this:</p><p>Buffett answers the question first, and the length of time is up to him. When he arrived, he would turn to Munger and ask, \"Is there anything else you want to add?\" Munger sat there motionless and answered simply, \"Nothing to add.\" Occasionally, Munger would make some points based on his rich experience and experience, and then say a short paragraph. Once Munger spoke, the audience listened to his opinion with full attention.</p><p><b>On the way to pursue the wisdom of life, he didn't care whether he stood in the spotlight.</b>Even, he hopes that his wealth will remain just below the level of Forbes' rich list, so that he can avoid the spotlight and public attention. Buffett's eldest son once said: My dad is the second smartest person I know, and Charlie Munger is the first.</p><p>Munger is an outstanding investment thinker, but he was not born like this. In his only authorized biography, \"Buffett's Behind-the-Scenes Think Tank: The Biography of Charlie Munger\", he showed the details of his thinking and the key to becoming an investment big coffee.</p><p><b>1. Self-improvement is the most important</b></p><p>Munger believes: \"If you want to win the first place, you must take the lead. Don't stand still. I always do better than others when I just get involved in a certain business. Why? The answer is to improve self-cultivation through self-study, which is a really effective idea.\"</p><p>What Munger said about self-study is never-ending self-improvement. On this road of self-improvement, he values three points most:</p><p><b>First, think for yourself.</b></p><p>He said that if you completely rely on others in the process of thinking and always listen to other people's so-called \"professional opinions\", once you leave your own small world, you will be in disaster.</p><p>Graham is Buffett's teacher, the originator of value investing, and the main source of Buffett's early investment ideas. But Munger does not fully agree with Graham. He believes that many of Graham's views ignore the reality of the situation. \"There are blind spots in Graham's thinking. He doesn't realize that some businesses are worth investing in ahead of time.\"</p><p>It is at this point that Buffett believes that Munger has the greatest influence on him, and uses strong willpower to release him from Graham's limited views and push him into the direction of \"buying high-quality assets at the right price\".</p><p>It is precisely because of this that Buffett said, \"Without Munger, I would be much poorer than I am now.\" The Buffett Purchase Everyone Talks About<a href=\"https://laohu8.com/S/002594\">BYD</a>, a classic investment case that made more than 20 times a lot of money, was also a decision made by Buffett after Munger's strong insistence. \"I would like to say that it was my decision to invest in BYD, but no, it was not my decision to invest in BYD, nor was it the decision of my investment team, but one day Munger called me and said: We must invest in BYD.\"</p><p>Munger never blindly follows experts in life. He has his own doctors and accountants, and he will refer to their opinions, but he will not believe them all. He weighed what they said, then studied it himself, and finally came to a conclusion.</p><p><b>Secondly, the role of reading is beyond imagination.</b></p><p>Munger is a voracious scholar. His room, bed, and chair are full of books, but he is not a fan of novels. What he reads is either business, biography, history or science and technology, all based on facts.</p><p>Munger said: \"I am very clear about why I want to collect this information. I think about what facts I want to know before I start, and then judge whether the data I see matches the basic concepts. A lot of purposeful reading can make people subconsciously develop a habit, and gradually accumulate wisdom about investing. You can't be a really good investor without a lot of reading. \"</p><p>Munger believes that reading business magazines is a shortcut.</p><p>\"Buffett and I have learned more from excellent business magazines than anywhere else, and we can get all kinds of business lessons just by flipping through issue after issue quickly. This method is so simple and effective.\"</p><p>He said that if you want to be smart, you have to constantly ask why, why, why.</p><p>Munger is also a biography freak. He believes that when you want to master some effective great ideas, it is best to combine them with the life and personality of great men. \"Make friends with the right way of thinking\" sounds funny, but if you do this all your life, it will definitely be of great benefit.</p><p>Munger has studied the lives and scientific works of Einstein, Darwin, and Newton, but his favorite deceased man has always been Franklin. Munger appreciated Franklin as the best writer, investor, scientist, diplomat and businessman in the United States at that time, and made great contributions to education and social welfare.</p><p>It was from Franklin that Munger formed the idea that you must become rich to freely contribute to human society. \"I've always been more interested in being a useful person than simply becoming rich\".</p><p><b>Third, the necessary interdisciplinary thinking.</b></p><p>Munger believes that a person with only a single disciplinary thinking is like a person with only one hammer. And as the famous saying goes, to someone with only one hammer, any problem looks like a nail. People who think in a single discipline have great limitations.</p><p>To form interdisciplinary thinking, Munger's suggestion is that everyone should not be required to keep pace with Laplace's mastery of celestial mechanics, nor should ordinary people be required to reach such a superb level in other fields of knowledge.</p><p>On the contrary, there are not many really important concepts in each discipline, and only a general understanding is needed to grasp the essence. As long as you master the most basic principles and concepts in the discipline, and then constantly apply them, and practice using various discipline thinking to solve practical problems, you can eventually form an advantage for yourself.</p><p>He used himself as an example: he has never studied psychology seriously, but he is interested in psychology and has conducted some self-study. With the content of self-study, he has gained great advantages in investment and life; As a law school student, my professional study is far from natural science, but because I have studied mathematics and physics carefully and mastered some thinking methods of natural science, I have gained the overall thinking advantage. He said:</p><p>\"I learned from physicists to solve problems by finding the simplest and most direct answers. The easiest way is always the best way. I also learned from mathematicians to look at the problem upside down, or look at it from the opposite side, reverse it, and reverse it again.\"</p><p><b>2. In Munger's eyes, the road to wealth and freedom is simple</b></p><p><b>1. Know yourself well</b></p><p>Munger believes that everyone who wants to participate in the investment game must understand their own nature and must consider their marginal utility and psychological endurance before they can start investing.</p><p>\"If losses make you miserable-and some losses are inevitable-then you should choose a very conservative way of investing and saving all your life. You must integrate your nature and talent into your investment strategy. There is no universally applicable investment strategy.\"</p><p><b>2. Invest in good business</b></p><p>Before acquiring See's Candy, Buffett and Munger were still bargain professionals. \"If they asked for another $100,000, we wouldn't have bought it,\" Munger said. \"We were so stupid at that time.\"</p><p>When they discovered that See's Candy was an excellent business, Munger realized that it was much easier and enjoyable to buy a high-quality business to keep it running than to buy a struggling company at a low price and then spend time and effort to save it.</p><p>If they didn't buy See's candy, they probably won't buy it later, Buffett said<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>Yeah, I've got it. Munger said:</p><p>\"I've learned a lot from See's Candy: the way we think and do things must stand the test of time. This experience has made our acquisitions elsewhere smarter and made better decisions.\"</p><p><b>3. Learn to judge whether a business is a good business</b></p><p>Munger has unusually accurate judgments about business. Buffett once said, \"Munger can analyze and evaluate any transaction faster and more accurately than anyone else in the world. He can see all possible flaws in 60 seconds, and he is a perfect partner.\"</p><p>Munger believes that to judge whether a business is a good business, you need to ask how long can this situation last?</p><p>\"I only know one way to answer this question, and that is to think: what caused the present situation-and then figure out how long before the driving force for these results will cease to exist.\"</p><p><b>4. When buying stocks in the stock market, what should the stock price be</b></p><p>Having the ability to answer this question explains why some people are successful in investing and others are not. \"But then again, if it weren't for a bit of difficulty in this problem, everyone would be rich,\" Munger firmly believes.</p><p>Looking at the industry for a long time will give investors better insight in answering this question.</p><p>\"There used to be many downtown department stores, which seemed invincible. The shopkeepers offered customers a lot of shopping options, strong purchasing power, and owned the most expensive properties in the city, with many tram lines passing through the corner of the mall. However, over time, private cars became the main mode of transportation. The tram tracks disappeared, customers moved to the suburbs to live, and the shopping center became the main shopping place. A few simple changes in our lives can completely change the long-term value of a business. \"</p><p><b>5. Consider redundancy factor</b></p><p>Munger said that although few companies stand tall, every company should be founded expecting to exist for many years. \"Building a dangerous bridge is a crime, and how noble is it to set up a fragile company?\" Therefore, Munger believes that the \"redundancy factor\" of the enterprise should be considered. Just as when building a bridge, the redundancy factor is needed to cope with extreme pressure, the company should also be able to resist pressure from competitors, economic recessions, oil crises and other natural and man-made disasters. Excessive use of leverage tools or debt will make companies vulnerable to economic storms.</p><p>Many Chinese investors have found that Munger has a spirit and tradition similar to that of traditional Chinese scholar-bureaucrats-he gains wisdom through learning, relies entirely on self-cultivation to achieve business success, adheres to ideals and beliefs, follows moral principles, is rational, honest, optimistic, and full of ultimate concern for society.</p><p>Munger's golden sentence:</p><p><b>You definitely have to do business with high caliber people and never wrestle with a pig because if you do you will both get dirty, but the pig will enjoy it.</b></p><p>The difference between a good business and a bad business is that in a good business, you will make one easy decision after another, while the decisions of a bad business are often extremely painful.</p><p>I am a biographer myself. For example, if you become friends with Adam Smith, you will definitely do economics better. It sounds funny to make friends with great people who have passed away, but if you do this all your life, you will benefit a lot.</p><p>In the final analysis, the investment game is about making more accurate predictions about the future than others. How to do it? One approach is to have this competition in a limited number of regions. If you try to predict the future of everything, you will fail because of your lack of expertise.</p><p>If you want to be smart you have to keep asking why? Why? Why? At the same time, you have to connect the answers to structured deep theories. You have to know those main theories. It's slightly laborious, but full of fun.</p><p>You may be hit hard in your life, hit unfairly. Some people get through it, others don't. Instead of sinking in self-pity, people should use each blow to improve themselves.</p><p></body></html></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>Munger: You must do business with high-level people, never wrestle with a pig</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMunger: You must do business with high-level people, never wrestle with a pig\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1083023659\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/61a7d3b4f53e4a8b81be4c739ded31f5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格上私募圈 </p>\n<p class=\"h-time smaller\">2022-12-04 10:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Author: Janet Lohr (USA)</b></p><p><b>Source: This article is excerpted from the book The Biography of Charlie Munger by Renmin University of China Press.</b></p><p><b>Written in front:</b></p><p>For decades, there has been a man standing silently behind the aura of stock god Buffett, and he is Charlie Munger. They met when they were young, appreciated each other, and their values were highly consistent. Buffett said without words: Without Munger, I would be much poorer than I am now. I am beyond words of gratitude to him. They are life partners with equal wisdom and co-creators of the investment miracle with a compound annual growth rate of 19.2% in 51 years. The difference is that Munger is too low-key.</p><p>Every spring, thousands of people travel to Omaha, Nebraska to attend<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>At the company's annual shareholders' meeting, they went to see Buffett, but they were also very interested in the person sitting beside Buffett on the stage and helping the Omaha wise man answer questions from time to time.</p><p>The performance usually goes like this:</p><p>Buffett answers the question first, and the length of time is up to him. When he arrived, he would turn to Munger and ask, \"Is there anything else you want to add?\" Munger sat there motionless and answered simply, \"Nothing to add.\" Occasionally, Munger would make some points based on his rich experience and experience, and then say a short paragraph. Once Munger spoke, the audience listened to his opinion with full attention.</p><p><b>On the way to pursue the wisdom of life, he didn't care whether he stood in the spotlight.</b>Even, he hopes that his wealth will remain just below the level of Forbes' rich list, so that he can avoid the spotlight and public attention. Buffett's eldest son once said: My dad is the second smartest person I know, and Charlie Munger is the first.</p><p>Munger is an outstanding investment thinker, but he was not born like this. In his only authorized biography, \"Buffett's Behind-the-Scenes Think Tank: The Biography of Charlie Munger\", he showed the details of his thinking and the key to becoming an investment big coffee.</p><p><b>1. Self-improvement is the most important</b></p><p>Munger believes: \"If you want to win the first place, you must take the lead. Don't stand still. I always do better than others when I just get involved in a certain business. Why? The answer is to improve self-cultivation through self-study, which is a really effective idea.\"</p><p>What Munger said about self-study is never-ending self-improvement. On this road of self-improvement, he values three points most:</p><p><b>First, think for yourself.</b></p><p>He said that if you completely rely on others in the process of thinking and always listen to other people's so-called \"professional opinions\", once you leave your own small world, you will be in disaster.</p><p>Graham is Buffett's teacher, the originator of value investing, and the main source of Buffett's early investment ideas. But Munger does not fully agree with Graham. He believes that many of Graham's views ignore the reality of the situation. \"There are blind spots in Graham's thinking. He doesn't realize that some businesses are worth investing in ahead of time.\"</p><p>It is at this point that Buffett believes that Munger has the greatest influence on him, and uses strong willpower to release him from Graham's limited views and push him into the direction of \"buying high-quality assets at the right price\".</p><p>It is precisely because of this that Buffett said, \"Without Munger, I would be much poorer than I am now.\" The Buffett Purchase Everyone Talks About<a href=\"https://laohu8.com/S/002594\">BYD</a>, a classic investment case that made more than 20 times a lot of money, was also a decision made by Buffett after Munger's strong insistence. \"I would like to say that it was my decision to invest in BYD, but no, it was not my decision to invest in BYD, nor was it the decision of my investment team, but one day Munger called me and said: We must invest in BYD.\"</p><p>Munger never blindly follows experts in life. He has his own doctors and accountants, and he will refer to their opinions, but he will not believe them all. He weighed what they said, then studied it himself, and finally came to a conclusion.</p><p><b>Secondly, the role of reading is beyond imagination.</b></p><p>Munger is a voracious scholar. His room, bed, and chair are full of books, but he is not a fan of novels. What he reads is either business, biography, history or science and technology, all based on facts.</p><p>Munger said: \"I am very clear about why I want to collect this information. I think about what facts I want to know before I start, and then judge whether the data I see matches the basic concepts. A lot of purposeful reading can make people subconsciously develop a habit, and gradually accumulate wisdom about investing. You can't be a really good investor without a lot of reading. \"</p><p>Munger believes that reading business magazines is a shortcut.</p><p>\"Buffett and I have learned more from excellent business magazines than anywhere else, and we can get all kinds of business lessons just by flipping through issue after issue quickly. This method is so simple and effective.\"</p><p>He said that if you want to be smart, you have to constantly ask why, why, why.</p><p>Munger is also a biography freak. He believes that when you want to master some effective great ideas, it is best to combine them with the life and personality of great men. \"Make friends with the right way of thinking\" sounds funny, but if you do this all your life, it will definitely be of great benefit.</p><p>Munger has studied the lives and scientific works of Einstein, Darwin, and Newton, but his favorite deceased man has always been Franklin. Munger appreciated Franklin as the best writer, investor, scientist, diplomat and businessman in the United States at that time, and made great contributions to education and social welfare.</p><p>It was from Franklin that Munger formed the idea that you must become rich to freely contribute to human society. \"I've always been more interested in being a useful person than simply becoming rich\".</p><p><b>Third, the necessary interdisciplinary thinking.</b></p><p>Munger believes that a person with only a single disciplinary thinking is like a person with only one hammer. And as the famous saying goes, to someone with only one hammer, any problem looks like a nail. People who think in a single discipline have great limitations.</p><p>To form interdisciplinary thinking, Munger's suggestion is that everyone should not be required to keep pace with Laplace's mastery of celestial mechanics, nor should ordinary people be required to reach such a superb level in other fields of knowledge.</p><p>On the contrary, there are not many really important concepts in each discipline, and only a general understanding is needed to grasp the essence. As long as you master the most basic principles and concepts in the discipline, and then constantly apply them, and practice using various discipline thinking to solve practical problems, you can eventually form an advantage for yourself.</p><p>He used himself as an example: he has never studied psychology seriously, but he is interested in psychology and has conducted some self-study. With the content of self-study, he has gained great advantages in investment and life; As a law school student, my professional study is far from natural science, but because I have studied mathematics and physics carefully and mastered some thinking methods of natural science, I have gained the overall thinking advantage. He said:</p><p>\"I learned from physicists to solve problems by finding the simplest and most direct answers. The easiest way is always the best way. I also learned from mathematicians to look at the problem upside down, or look at it from the opposite side, reverse it, and reverse it again.\"</p><p><b>2. In Munger's eyes, the road to wealth and freedom is simple</b></p><p><b>1. Know yourself well</b></p><p>Munger believes that everyone who wants to participate in the investment game must understand their own nature and must consider their marginal utility and psychological endurance before they can start investing.</p><p>\"If losses make you miserable-and some losses are inevitable-then you should choose a very conservative way of investing and saving all your life. You must integrate your nature and talent into your investment strategy. There is no universally applicable investment strategy.\"</p><p><b>2. Invest in good business</b></p><p>Before acquiring See's Candy, Buffett and Munger were still bargain professionals. \"If they asked for another $100,000, we wouldn't have bought it,\" Munger said. \"We were so stupid at that time.\"</p><p>When they discovered that See's Candy was an excellent business, Munger realized that it was much easier and enjoyable to buy a high-quality business to keep it running than to buy a struggling company at a low price and then spend time and effort to save it.</p><p>If they didn't buy See's candy, they probably won't buy it later, Buffett said<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>Yeah, I've got it. Munger said:</p><p>\"I've learned a lot from See's Candy: the way we think and do things must stand the test of time. This experience has made our acquisitions elsewhere smarter and made better decisions.\"</p><p><b>3. Learn to judge whether a business is a good business</b></p><p>Munger has unusually accurate judgments about business. Buffett once said, \"Munger can analyze and evaluate any transaction faster and more accurately than anyone else in the world. He can see all possible flaws in 60 seconds, and he is a perfect partner.\"</p><p>Munger believes that to judge whether a business is a good business, you need to ask how long can this situation last?</p><p>\"I only know one way to answer this question, and that is to think: what caused the present situation-and then figure out how long before the driving force for these results will cease to exist.\"</p><p><b>4. When buying stocks in the stock market, what should the stock price be</b></p><p>Having the ability to answer this question explains why some people are successful in investing and others are not. \"But then again, if it weren't for a bit of difficulty in this problem, everyone would be rich,\" Munger firmly believes.</p><p>Looking at the industry for a long time will give investors better insight in answering this question.</p><p>\"There used to be many downtown department stores, which seemed invincible. The shopkeepers offered customers a lot of shopping options, strong purchasing power, and owned the most expensive properties in the city, with many tram lines passing through the corner of the mall. However, over time, private cars became the main mode of transportation. The tram tracks disappeared, customers moved to the suburbs to live, and the shopping center became the main shopping place. A few simple changes in our lives can completely change the long-term value of a business. \"</p><p><b>5. Consider redundancy factor</b></p><p>Munger said that although few companies stand tall, every company should be founded expecting to exist for many years. \"Building a dangerous bridge is a crime, and how noble is it to set up a fragile company?\" Therefore, Munger believes that the \"redundancy factor\" of the enterprise should be considered. Just as when building a bridge, the redundancy factor is needed to cope with extreme pressure, the company should also be able to resist pressure from competitors, economic recessions, oil crises and other natural and man-made disasters. Excessive use of leverage tools or debt will make companies vulnerable to economic storms.</p><p>Many Chinese investors have found that Munger has a spirit and tradition similar to that of traditional Chinese scholar-bureaucrats-he gains wisdom through learning, relies entirely on self-cultivation to achieve business success, adheres to ideals and beliefs, follows moral principles, is rational, honest, optimistic, and full of ultimate concern for society.</p><p>Munger's golden sentence:</p><p><b>You definitely have to do business with high caliber people and never wrestle with a pig because if you do you will both get dirty, but the pig will enjoy it.</b></p><p>The difference between a good business and a bad business is that in a good business, you will make one easy decision after another, while the decisions of a bad business are often extremely painful.</p><p>I am a biographer myself. For example, if you become friends with Adam Smith, you will definitely do economics better. It sounds funny to make friends with great people who have passed away, but if you do this all your life, you will benefit a lot.</p><p>In the final analysis, the investment game is about making more accurate predictions about the future than others. How to do it? One approach is to have this competition in a limited number of regions. If you try to predict the future of everything, you will fail because of your lack of expertise.</p><p>If you want to be smart you have to keep asking why? Why? Why? At the same time, you have to connect the answers to structured deep theories. You have to know those main theories. It's slightly laborious, but full of fun.</p><p>You may be hit hard in your life, hit unfairly. Some people get through it, others don't. Instead of sinking in self-pity, people should use each blow to improve themselves.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7d30d3e4a8c584dc0c7143999338c880","relate_stocks":{"BK4550":"红杉资本持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","BRK.B":"伯克希尔B","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BRK.A":"伯克希尔","BK4581":"高盛持仓","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0971096721.USD":"富达环球金融服务 A","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4585":"ETF&股票定投概念","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" 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SGD","LU0234572021.USD":"高盛美国核心股票组合Acc"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2287571860","content_text":"作者：珍妮特•洛尔（美）内容来源：本文摘编自中国人民大学出版社书籍《查理·芒格传》写在前面：几十年以来，在股神巴菲特的光环背后默默站着一个人，他就是查理·芒格。他们年轻时相识，彼此欣赏，价值观高度一致，巴菲特毫不讳言地说：没有芒格，我会比现在贫穷很多。我对他的感激无以言表。他们是智慧相当的人生合伙人，是51年年复合增长率19.2%的投资奇迹共同的创造者，不同之处在于芒格实在过于低调。每年春天，数以千计的人前往位于内布拉斯加州的奥马哈参加伯克希尔公司的年度股东大会，他们是去看巴菲特的，不过对台上那个坐在巴菲特身边，时不时帮助这位奥马哈智者回答问题的人，他们也非常感兴趣。表演通常是这样进行的：巴菲特先回答问题，时间长短由他决定。临了，他会转向芒格，问道：“你还有什么要补充的吗？”芒格一动不动地端坐在那里，回答简单而粗率：“没什么要补充的。”偶尔，芒格基于自身丰富的阅历和经验，也会提出一些观点，然后说上一小段。一旦芒格开口说话，听众们都会全神贯注地听他发表看法。在追寻人生智慧的途中，他不在意自己是否站在聚光灯下。甚至，他希望自己的财富恰好保持在福布斯富豪榜名单的水准之下，这样他就能避开聚光灯，免受公众的关注。巴菲特的长子曾说：我爸是我认识的人中第二聪明的，查理•芒格第一。芒格是一位杰出的投资思想家，但他并非生来如此，他在自己唯一授权的传记《巴菲特幕后智囊：查理·芒格传》一书中，展示了自己思考的细节和成为投资大咖的关键。一、自我提升最重要芒格认为：“要想赢得第一，就必须占得先机，千万不要原地踏步。我总是刚刚涉足某一业务就比其他人干得都要好。为什么？答案就是通过自学来提高修养，这才是真正行之有效的好主意。”芒格说的自学，就是永不停歇的自我提升。在这条自我提升之路上，他最看重的有三点：首先，独立思考。他说，如果你在思考过程中完全依赖他人，总是听别人的所谓“专业意见”，一旦你离开自己的小天地，就会大难临头。格雷厄姆是巴菲特的老师，价值投资的开山鼻祖，巴菲特前期投资思想的主要来源。但芒格并不完全认同格雷厄姆，他认为格雷厄姆很多观点无视现实情况。“格雷厄姆思想中有盲点，他没有意识到有的生意值得提前投入。”正是在这一点上，巴菲特认为芒格对他的影响最大，用强大的意志力把他从格雷厄姆有局限性的观点中释放出来，推向了“以合适价格买优质资产”这个方向。也正是因为这一点，巴菲特才说，“没有芒格，我会比现在贫穷很多”。大家津津乐道的巴菲特购买比亚迪，大赚20多倍的经典投资案例，也是在芒格极力坚持下，巴菲特才做出的决定。“我很想说投资比亚迪是我的决定，但不是，投资比亚迪不是我的决定，也不是我的投资团队的决定，而是有一天芒格打电话给我说：我们必须投资比亚迪。”芒格在生活中也绝不盲从专家，他有自己的医生、会计师，他会参考他们的意见，但不会全信。他斟酌他们说的，然后自己研究，最后才得出结论。其次，阅读的作用超乎想象。芒格是一个如饥似渴的读书人，他的房间里、床上、椅子上到处是书，但他并不是一个小说迷，他看的不是商业类、传记类就是历史类或者科技类，都是以事实为基础的。芒格说：“我对自己为什么要搜集这些信息十分清晰。在开始之前就想好要了解哪些事实，然后去判断所看到的数据是否符合基本概念。大量有目的的阅读可以让人在潜意识里养成一种习惯，把读到的东西和基本概念联系起来，逐渐就会累积起有关投资的智慧。如果没有进行过大量的阅读，不可能成为一个真正出色的投资人。”芒格认为，阅读商业杂志是一条捷径。“巴菲特和我从优秀的商业类杂志中学到的比其他任何地方学到的都要多，只要很快地翻阅一期又一期的杂志，就可以得到各种各样的商业经验，这种方法是如此简单而有效。”他说，你要想变得聪明一点，就必须不断地问为什么、为什么、为什么。芒格还是一个传记狂。他认为，要掌握一些行之有效的伟大观念时，最好和伟人的生平和个性结合起来。“和思路正确的离世伟人交朋友”听起来滑稽，但是如果一生都这样做，绝对大有裨益。芒格研究过爱因斯坦、达尔文和牛顿的生平和科学著作，不过他最喜欢的离世伟人从来都是富兰克林。芒格欣赏富兰克林是当时美国最好的作家、投资家、科学家、外交家、商人，同时为教育和社会福利事业做出了巨大的贡献。芒格正是从富兰克林那里形成了一种观念：要变得富有才能自由地为人类社会做贡献。“我从来都对成为一个有用的人兴趣更大，而不是单纯地变得有钱”。第三，必需的跨学科思维。芒格认为，只有单一学科思维的人，就像只有一把锤子的人。而就像那句著名的谚语说的那样，对只有一把锤子的人来说，任何问题看起来都很像钉子。单一学科思维的人具有很大局限性。而要形成跨学科思维，芒格的建议是，不能苛求每个人对天体力学的掌握达到与拉普拉斯并驾齐驱的地步，也不应苛求普通人在其他知识领域也达到如此精湛的水平。相反，每门学科真正重要的概念并不多，只需要大体了解，就能掌握精髓。而只要掌握学科中最基本的原理和概念，然后不断运用，练习用多种学科思维来解决实际问题，最终就能让自己形成优势。他用自己举例：从来没正经学过心理学，但对心理学有兴趣，进行了一些自学，凭借自学的内容，就在投资和生活中获得了巨大优势；作为法学院的学生，专业学习离自然科学很远，但因为认真学过数学课和物理课，掌握了自然科学的一些思考方法，就获得了整体的思维优势。他说：“我从物理学家那里学会了通过寻找最简单、最直接的答案来解决问题。最容易的方法永远都是最好的方法。我又从数学家那里学会了将问题倒过来看，或者从反面去看，反转，再反转。”二、在芒格眼里通往财富自由之路是简单的1.充分了解自己芒格认为，每个人想参与投资游戏的人都必须了解自己的天性，都必须在考虑自己的边际效用和心理承受能力后才能开始投资。“如果亏损会让你痛苦——而且有些亏损是不可避免的——那你毕生都应该选择一种非常保守的投资和储蓄方式。你必须将自己的天性和天分融入自己的投资策略中，没有一种普遍适用的投资策略。”2.要投好生意在收购喜诗糖果之前，巴菲特和芒格还是捡便宜专业户。“要是他们再多要10万美元，我们就不会买了，”芒格说，“我们当时就是那么愚蠢”。当他们发现喜诗糖果是一桩出色的生意后，芒格意识到，收购一笔优质业务让它继续运作下去，比买下一家价格很低却在苦苦挣扎的公司，然后费时费力去拯救它要容易和愉快得多。巴菲特说，如果没有买喜诗糖果，那他们可能后面也就不会买可口可乐了。芒格则说：“从喜诗糖果我学到了很多：思考和行事方式必须经得起时间的考验。这样的经验让我们在其他地方的收购更为明智，做出了更好的决定。”3.要学会判断一门生意是不是好生意芒格对于生意有异乎寻常的准确判断。巴菲特曾经说，“芒格能比世界上任何人更快更准地分析和评估任何一项交易。他能在60秒内看到所有可能的缺陷，他是一个完美的合伙人。”芒格认为，要判断一门生意是不是好生意，就需要问这样的情况能持续多久？“我只知道一种方法来回答这个问题，那就是思考：是什么造成了现在的局面——然后去弄明白造成这些结果的动力多久后将不复存在。”4.在股市里买股票，股价应该是多少是否有能力回答这个问题就解释了为什么有人投资成功而有人没有。“不过话说回来，要不是这个问题有一点难度的话，每个人都会变得有钱。”芒格坚定地认为。长期观察行业情况会让投资者在回答这个问题上有更好的洞察力。“以前有很多市中心百货商店，看来是不可战胜的。店主为顾客提供大量购物选择、购买力强大，还拥有城里最贵的物业，商场街角多条有轨电车线路经过。然而，随着时间的推移，私家车成了主要的交通模式。有轨电车的轨道消失了，顾客们搬到了郊区居住，购物中心成了主要购物场所。我们生活中一些简单的变化就能完全改变一项业务的长期价值。”5.考虑冗余系数芒格说，虽然很少有公司屹立不倒，但是每一家公司都应该在创建的时候预计到要存着许多年。“造一座危桥是犯罪，成立一家脆弱的公司又何尝高尚？”所以，芒格认为应该考虑企业的“冗余系数”，就像修桥的时候，需要冗余系数来应对极端压力，公司也应该能抵抗来自竞争者、经济衰退、石油危机以及其他天灾人祸的压力。过多地运用杠杆工具或欠债都会让公司在经济风暴中脆弱得不堪一击。很多中国投资家发现芒格身上有类似中国传统士大夫的精神和传统——他通过学习获取智慧，完全依靠自身修养获得商业成功，坚守理想和信念，遵循道德准则，理性、诚实、乐观、对社会充满终极关怀。芒格金句：你一定要和高水准的人做生意，永远不要和一头猪玩摔跤，因为如果你这么做了，你们两个都会变脏，但是猪会乐在其中。好企业和差企业之间的区别在于，在好企业里你会做出一个接一个的轻松决定，而差企业的决定则常常是痛苦万分的。我本人是一个传记狂，比如你要是和亚当·斯密成了朋友，那你一定会把经济学得更好。跟离世的伟人交朋友，这听起来很滑稽，但如果你一生都这样做，你会受益匪浅。投资游戏说到底就是要比其他人对未来做出更准确的预言。要如何做到呢？一种方法是将这种竞争在有限的几个区域中进行。如果你试图预言所有事情的未来，你会因为缺乏专长而失败。如果你想变得聪明，你就必须不停地问为什么？为什么？为什么？同时你还必须将答案和有条理的深层理论联系起来。你必须知道那些最主要的理论。这稍微会有些费力，但充满乐趣。你们在生活中可能会遭到沉重的打击，不公平的打击。有些人能挺过去，有些人不能。人们不应该在自怜中沉沦，而是应该利用每次打击来提高自我。","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960727173,"gmtCreate":1668269128492,"gmtModify":1676538035676,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9960727173","repostId":"2282487556","repostType":4,"repost":{"id":"2282487556","kind":"highlight","pubTimestamp":1668213017,"share":"https://ttm.financial/m/news/2282487556?lang=en_US&edition=fundamental","pubTime":"2022-11-12 08:30","market":"us","language":"en","title":"Nvidia: A800 Chips, Crypto Contagion 2.0, And Macro Deterioration","url":"https://stock-news.laohu8.com/highlight/detail?id=2282487556","media":"Seeking Alpha","summary":"SummaryNvidia stock staged a strong intra-day rally of 14% on Thursday after new data showed softer-","content":"<html><head></head><body><h2>Summary</h2><ul><li>Nvidia stock staged a strong intra-day rally of 14% on Thursday after new data showed softer-than-expected price increases in October that harbingers a potential &#34;dovish response from the Fed&#34;.</li><li>The stock&#39;s recent gains as a result of mitigating strategies taken against the newly imposed export restrictions to China is also welcome news, underscoring investors&#39; confidence in Nvidia&#39;s longer-term prospects.</li><li>Yet, mounting macroeconomic uncertainties still remain a large overhang on the stock&#39;s near-term performance, with renewed concerns of a crypto downturn adding complexity to the Nvidia stock&#39;s outlook.</li><li>The following analysis will walk through some of the latest developments in Nvidia&#39;s operating, macro and regulatory environment, and gauge their respective implications on the stock&#39;s near-term performance.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/821a26da6fd45d4119675770e348fdbe\" tg-width=\"750\" tg-height=\"500\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p>The better-than-expected CPI print for October unleashed a rally in both equities and credits on Thursday (November 10), with the tech-heavy Nasdaq 100 index adding close to $1 trillion in market cap over the span of one session. Nvidia (NASDAQ:NVDA) was one of the biggest gainers, staging a 14% intra-day rally to outperform the broader PHLX Semiconductor Index (SOX).</p><p>Signs of easing financial conditions is currently a core driver of investors’ confidence, which is corroborated by the strong intra-day gains observed during Thursday’s session. Yet, the broader market climate remains fragile, as the Fed’s monetary policy tightening trajectory has yet to peak, with consumer slowdown only now becoming more prevalent.</p><p>And specific to Nvidia, the company also faces operating challenges from worsening geopolitical tensions, though its recent release of the A800 data center GPUs exclusive to the Chinese market in compliance with U.S. regulatory requirements is a step in the right direction. But renewed crypto contagion fears are now sparking fresh concerns on the near-term performance of Nvidia’s GPU segment, which is already reeling from a broader decline in global PC demand this year.</p><p>Regardless of the near-term macro and industry-specific headwinds though, Nvidia’s robust one-day gain on Thursday underscores the strength of investors’ confidence in the stock still, given the underlying business’ positive potential in benefitting from longer-term advances stemming from its massive market share across high-growth verticals spanning high-performance computing (“HPC”) to AI-driven innovations like self-driving vehicles and the metaverse. With market conditions still choppy in the months ahead, the Nvidia stock’s latest rally is likely to fizzle, creating more compelling entry opportunities than its current valuation.</p><p><b>Macro Overview</b></p><p>The Federal Reserve maintained a hawkish tone after raising 75 bps for the fourth time consecutively this year in November as inflation remains far from the desired 2% target. With the October inflation print coming in better-than-expected, market participants are becoming more optimistic that the worst of rapid price increases this year are now behind, playing favorably to desires for a more dovish monetary policy trajectory and improving financial conditions ahead.</p><p>October headline CPI came in at 7.7%, softer than the average consensus estimate of 7.9%, marking the “smallest annual advance since the start of the year”. Meanwhile, core inflation – which strips the impact of volatile food and energy prices – came in at 6.3%, which is also a welcome improvement from consensus calls for 6.5%. Equities rallied across the board in response to the softer-than-expected inflation print, as it points to early signs of a structural slowdown in pricing increases that the Federal Reserve has been looking for before considering easing its monetary policy tightening plans. The latest improvement in pricing increases is supportive of the Fed’s planned rate hike for 50 bps in December, marking possibly the first deceleration in the pace of tightening since June.</p><p>Yet, any possibility of a sustained rally on signs of easing inflation and a potential Fed pivot remains remote. At 7.7%, current price increases remain far removed from the Fed’s desired 2% target, which aligns with Fed Chair Jerome Powell’s commentary earlier this month that the terminal rate could end up being higher than previously anticipated as tightening continues into restrictive territory to ensure inflation is contained. The remarks were further reinforced by Dallas Fed President Lorie Logan on Thursday (November 10):</p><blockquote>Today’s economic conditions are complex, but they can be summarized in five words: Inflation is much too high.</blockquote><blockquote>Not only is inflation far above the FOMC’s 2 percent target, but with aggregate demand continuing to outstrip supply, inflation has repeatedly come in higher than forecasters expected. This morning’s CPI [Consumer Price Index] data were a welcome relief, but there is still a long way to go.</blockquote><blockquote>Source: Federal Reserve Bank of Dallas</blockquote><p>What this effectively means is that the demand environment for Nvidia will continue to weaken, weighing on its near-term fundamental prospects. The stock’s valuation outlook over coming months will also remain volatile to changes in interest rates, which place a direct impact on multiples that dictate the value of the underlying business’ future prospects.</p><p>Specifically, on the fundamental front, continued rate hikes and “much too high” inflation implies tightening financial conditions over coming months, especially as ongoing deterioration in consumer sentiment this year now becomes materialized into a real decline in consumer purchasing power. Average personal savings in the U.S. have declined from 3.5% in the second quarter to 3.1% in the third quarter, a far-cry from the “five-year pre-COVID average of [approximately] 7.7%”. Consumers are also increasing reliance on credit card debt to sustain spending as purchasing power declines in the face of surging inflation – consumer credit card debt is now approaching the “pre-pandemic peak of $916 billion in September”, while “real average hourly earnings decreased in October and were down 2.8% from a year earlier… falling each month since April 2021” after adjusting for inflation.</p><p>Specific to Nvidia, weakening consumer spending is largely reflected through significant underperformance in its consumer-centric Gaming segment during the fiscal second quarter. And conditions have likely remained muted or worsened in the fiscal third quarter, as global PC demand continued on a rapid decline while discretionary purchases of consumer electronics remained stagnated.</p><p>And on the commercial front, which was previously regarded as relatively recession-resistant compared to the consumer end-market, spending has become more conscious as well based on commentary during the latest third quarter earnings season. Even resilient corporate cloud investments are showing signs of a slowdown or delay amid growing macroeconomic uncertainties, risking weakness in data center investments over the near-term, which would impact the performance of Nvidia’s star segment.</p><p>And on the valuation front, continued rate hikes are bound to further weigh on multiples. The value of high growth companies like Nvidia, with much of their prospects still being “far out in the future” are becoming increasingly susceptible to heavy discounting as a result of rising capital costs. This circles back to our earlier mention that any rally in the Nvidia stock observed as a result of the latest October inflation print will likely fizzle, as the double-whammy of valuation and fundamental challenges continue to play out over coming months.</p><p><b>Implications of the A800 Data Center GPU</b></p><p>Moving on from broader market headwinds, Nvidia is also facing industry-specific challenges stemming from intensifying U.S.-China relations as of late. As discussed in detail in our previous coverage on the stock, the latest ban imposed by the U.S. government on exports of advanced semiconductor technologies to China further complexes the operating backdrop for chip makers like Nvidia, which is already reeling from unraveling demand this year. The company had previously reiterated that it does not expect a material impact on its business as a result of the newly imposed restrictions, though the implementation of said export ban could result in a $400 million headwind to fiscal third quarter results.</p><p>In the latest development, Nvidia has confirmed the production of A800 data center GPUs made exclusively for the Chinese market in response to U.S. regulatory requirements. The A800 chips will be a direct replacement for the A100 that has been effectively banned from being exported to China. The A800 chips, which are also based on Nvidia’s Ampere architecture, will include three variants offering the same specs as the A100 chips. However, the “NVIDIA NVLink” technology implemented, which enables “seamless, high-speed communication between every GPU” within a system to facilitate the compute demands of increasingly complex AI and HPC workloads, will be downgraded from the A100’s standard 600GBps to 400GBps for the A800. The A800 has received regulatory clearance from the U.S. for export to China, with the hardware’s processing speed non-programmable to exceed the 400GBps cap, and thereby “limiting their usefulness” in HPC applications to restrict China’s military advancements. However, the company has yet to provide any immediate reprieve to restricted sales of the upcoming H100 Grace data center CPUs to China as a result of the new rules, which also relies on next-generation NVLink technology capable of at least 1.5x higher performance than existing Ampere-based processors.</p><p>As analyzed in our previous coverage, we expect Nvidia’s base case 12-month PT to hover around $150 and bull case 12-month PT of $160 as a result of the newly imposed export restrictions in addition to looming macroeconomic challenges. And the recent relief brought by the introduction of the A800 chips exclusive to the Chinese market – the largest source of semiconductor demand – is viewed as a positive development to support the stock’s potential leap beyond the base case PT and approach towards the near-term bull case PT. This is further corroborated by the stock’s intra-day leap of as much as 4% to reach the $150-level on November 8th upon announcement of the A800 chip which began productions in the fiscal third quarter, which was organic to positive investors’ sentiment on the news and separate from any positive macro development.</p><p><i>i. Bull Case Financial Forecast and Valuation Analysis:</i></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69a9f8803dc4cfc1a6531cd5970e6116\" tg-width=\"640\" tg-height=\"345\" width=\"100%\" height=\"auto\"/><span>Nvidia Bull Case Financial Forecast (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ce58edfb1fd144ddb4958ce28aa3068\" tg-width=\"640\" tg-height=\"367\" width=\"100%\" height=\"auto\"/><span>Nvidia Bull Case PT (Author)</span></p><p><i>ii. Base Case Financial Forecast and Valuation Analysis:</i></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a48b2c2079cc21eba075a71a080240c9\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"/><span>Nvidia Base Case Financial Forecast (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8c8bdcb85fdca3d00f2a79a9aa1f947\" tg-width=\"640\" tg-height=\"363\" width=\"100%\" height=\"auto\"/><span>Nvidia Base Case PT (Author)</span></p><p><i>iii. Bear Case Financial Forecast and Valuation Analysis:</i></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55fa52330c071632e4c5480164c6da69\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"/><span>Nvidia Bear Case Financial Forecast (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d24c4b920c94cd1163561b799af23cb\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"/><span>Nvidia Bear Case PT (Author)</span></p><p>However, the total elimination of Chinese demand for Nvidia’s best-selling A100 data center GPUs and H100 data center CPUs will remain an overhang on the company’s near-term fundamental performance. China is still the largest buyer of chips, and with Nvidia’s heavy reliance on HPC/data center sales to make-up for the near-term downturn in its consumer-centric segments, the company is still missing out on a chunk of market share that it would have otherwise been able to capitalize on if it were not for the newly imposed rules. Yet, we see the A800 as a positive development that will not only bring some partial relief to Nvidia’s near-term fundamental performance, but also an indicator of a potential equivalent for the company’s new foray in data center CPUs with its Hopper architecture. We see this as a probable implication for a potential clawback of revenue losses that were previously thought to be permanent due to the U.S.-imposed export curbs, which would be a plus to Nvidia’s near-term valuation prospects.</p><p><b>Implications of Crypto Contagion 2.0</b></p><p>As previously discussed, lingering crypto headwinds make another overhang that is harder to gauge on Nvidia’s near-term performance. Recall that a non-disclosed portion of Nvidia’s Gaming segment sales are driven by GPU demand from crypto mining, which has experienced a material slowdown this year following the Luna/Terra death spiral (UST-USD / LUNC-USD / LUNA-USD) in May and the Ethereum Merge (ETH-USD) that took place in September.</p><p>While cryptocurrencies saw some reprieve in prices in late October, earlier hopes of an emergence from the latest crypto winter have been stymied by the latest FTX wind-down. It has been a tumultuous week for crypto. The intensifying feud last weekend between Binance (BNB-USD) founder and CEO Changpeng “CZ” Zhao and FTX founder and CEO Sam Bankman-Fried following the former’s decision to liquidate its holdings in the latter’s FTT coins (FTT-USD) had rapidly turned into a liquidity crunch for FTX.com, which later turned into a potential bailout by Binance. And within 24 hours, the relief deal soured with Binance pulling out from the non-binding bailout agreement, and FTX facing bankruptcy risks. Contagion fears are also spreading like wild fire again, with BlockFi being the latest victim in the downward spiraling situation.</p><p>Cryptocurrencies have plummeted this week as a result of the latest drama unfolding in real-time within the digital assets industry. Even Thursday’s relief rally on the back of easing inflation signals failed to restore confidence in the risky asset, with Bitcoin prices dipping below $17,000 at one point. Many Bitcoin miners have already either sold their coins or mining equipment to raise cash needed to weather the protracted crypto winter, with some even halting expansion efforts as a pre-emptive measure against rising liquidity pressures:</p><blockquote>Contagion risks in cryptocurrencies, following on from the FTX-Alameda collapse, will take a long time to work through and the market remains vulnerable…We’re going to see definite lower volumes because people are going to hold back at this moment in time.</blockquote><blockquote>Source: Bloomberg</blockquote><p>While Nvidia’s latest release of the A800 chips and the broader market rally on signs of easing inflation this week have largely overshadowed potential contagion risks to demand for its gaming / crypto-mining GPUs, we see the latest crypto rout as a new bout of challenge on the chipmaker’s already-stagnate Gaming segment. As mentioned in the earlier section, Nvidia’s Gaming segment has already seen a significant decline in sales as a result of “softness in Europe related to the war in Ukraine and COVID lockdowns in China” that have been worsened by “lower units and lower ASPs” due to deteriorating macro conditions, and inadvertently, consumer demand. The latest crypto whiplash is likely to bring about further declines in crypto mining activity, thus adding to the Gaming segment’s near-term turmoil given an undisclosed portion of its sales are still linked to crypto mining demand.</p><p>In addition to a contagion impact from the recent crypto debacle on the Gaming segment’s sales, Nvidia also risks another write-off related to its inventory of crypto-mining processors, “CMP”. Although any related amount is not expected to place a material impact on its fundamental nor valuation prospects – for perspective, Nvidia had already reported a $1.32 billion CMP inventory write-down during the fiscal second quarter – it does not bode well for the company’s profit margins, nonetheless. This makes another near-term challenge to consider ahead of its upcoming fiscal third quarter earnings release, as investors’ preference shift towards profitability over growth ahead of an increasingly uncertain market climate.</p><p><b>Final Thoughts</b></p><p>As we have previously noted – when it rains, it pours for Nvidia. The near-term operating environment for the company remains a challenge, and the market backdrop for the stock’s near-term prospects continues to be turbulent. While the latest macro development pertaining to signs of easing inflation makes a positive point for valuation multiples, it is too soon to tell if the related rally is sustainable as price increases remain far out from the Fed’s 2% target. Continued Fed monetary policy tightening into restrictive territory to ensure inflation is under control for good means further deterioration in financial conditions ahead. And the recent easing observed in China’s stringent COVID Zero policies are also adding pressure to a tightening oil market – especially as the OPEC+ slashes production this month to prevent further price declines. With a potential return of demand from the world’s largest oil importer, the tightening oil market today is unlikely to handle such a sudden influx, adding to risks of a rebound in price pressures in the near-term, which corroborates continued hawkishness in the Fed’s policy agenda.</p><p>And while Nvidia’s recent introduction of the A800 is a step in the right direction to mitigate the impact of fraying U.S.-China relations, there is still work to be done to recoup the majority of lost revenues from other verticals as a result of the latest export restrictions. The latest crypto turmoil also brings renewed pressure on the company’s already-staggering Gaming segment.</p><p>Despite a cautious sentiment over Nvidia’s near-term outlook, the company remains well-positioned to capitalize on high-growth opportunities driven by secular demand across multiple verticals in which it specifically caters to over the longer-term. Nvidia’s offerings remain a critical backbone to almost every technology used across all daily life settings today and tomorrow, from HPC applications satisfying cloud-computing demand, to AI applications addressing nascent developments like autonomous mobility and the metaverse. The steadfast confidence in the company’s long-term bullishness is further evidenced by the Nvidia stock’s outsized gains on Thursday. Although further downturns in the stock are expected within the near-term to wipe-out its impressive intra-day gains observed this week, we view them as compelling risk-reward opportunities for longer-term upside potential ahead.</p><p><i>This article is written by </i><i>Livy Investment Research</i><i> for reference only. Please note the risks.</i></p></body></html>","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>Nvidia: A800 Chips, Crypto Contagion 2.0, And Macro Deterioration</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; 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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\">\nNvidia: A800 Chips, Crypto Contagion 2.0, And Macro Deterioration\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-12 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4556472-nvidia-a800-chips-crypto-contagion-and-macro-deterioration><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia stock staged a strong intra-day rally of 14% on Thursday after new data showed softer-than-expected price increases in October that harbingers a potential \"dovish response from the Fed\"....</p>\n\n<a href=\"https://seekingalpha.com/article/4556472-nvidia-a800-chips-crypto-contagion-and-macro-deterioration\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4556472-nvidia-a800-chips-crypto-contagion-and-macro-deterioration","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2282487556","content_text":"SummaryNvidia stock staged a strong intra-day rally of 14% on Thursday after new data showed softer-than-expected price increases in October that harbingers a potential \"dovish response from the Fed\".The stock's recent gains as a result of mitigating strategies taken against the newly imposed export restrictions to China is also welcome news, underscoring investors' confidence in Nvidia's longer-term prospects.Yet, mounting macroeconomic uncertainties still remain a large overhang on the stock's near-term performance, with renewed concerns of a crypto downturn adding complexity to the Nvidia stock's outlook.The following analysis will walk through some of the latest developments in Nvidia's operating, macro and regulatory environment, and gauge their respective implications on the stock's near-term performance.Justin SullivanThe better-than-expected CPI print for October unleashed a rally in both equities and credits on Thursday (November 10), with the tech-heavy Nasdaq 100 index adding close to $1 trillion in market cap over the span of one session. Nvidia (NASDAQ:NVDA) was one of the biggest gainers, staging a 14% intra-day rally to outperform the broader PHLX Semiconductor Index (SOX).Signs of easing financial conditions is currently a core driver of investors’ confidence, which is corroborated by the strong intra-day gains observed during Thursday’s session. Yet, the broader market climate remains fragile, as the Fed’s monetary policy tightening trajectory has yet to peak, with consumer slowdown only now becoming more prevalent.And specific to Nvidia, the company also faces operating challenges from worsening geopolitical tensions, though its recent release of the A800 data center GPUs exclusive to the Chinese market in compliance with U.S. regulatory requirements is a step in the right direction. But renewed crypto contagion fears are now sparking fresh concerns on the near-term performance of Nvidia’s GPU segment, which is already reeling from a broader decline in global PC demand this year.Regardless of the near-term macro and industry-specific headwinds though, Nvidia’s robust one-day gain on Thursday underscores the strength of investors’ confidence in the stock still, given the underlying business’ positive potential in benefitting from longer-term advances stemming from its massive market share across high-growth verticals spanning high-performance computing (“HPC”) to AI-driven innovations like self-driving vehicles and the metaverse. With market conditions still choppy in the months ahead, the Nvidia stock’s latest rally is likely to fizzle, creating more compelling entry opportunities than its current valuation.Macro OverviewThe Federal Reserve maintained a hawkish tone after raising 75 bps for the fourth time consecutively this year in November as inflation remains far from the desired 2% target. With the October inflation print coming in better-than-expected, market participants are becoming more optimistic that the worst of rapid price increases this year are now behind, playing favorably to desires for a more dovish monetary policy trajectory and improving financial conditions ahead.October headline CPI came in at 7.7%, softer than the average consensus estimate of 7.9%, marking the “smallest annual advance since the start of the year”. Meanwhile, core inflation – which strips the impact of volatile food and energy prices – came in at 6.3%, which is also a welcome improvement from consensus calls for 6.5%. Equities rallied across the board in response to the softer-than-expected inflation print, as it points to early signs of a structural slowdown in pricing increases that the Federal Reserve has been looking for before considering easing its monetary policy tightening plans. The latest improvement in pricing increases is supportive of the Fed’s planned rate hike for 50 bps in December, marking possibly the first deceleration in the pace of tightening since June.Yet, any possibility of a sustained rally on signs of easing inflation and a potential Fed pivot remains remote. At 7.7%, current price increases remain far removed from the Fed’s desired 2% target, which aligns with Fed Chair Jerome Powell’s commentary earlier this month that the terminal rate could end up being higher than previously anticipated as tightening continues into restrictive territory to ensure inflation is contained. The remarks were further reinforced by Dallas Fed President Lorie Logan on Thursday (November 10):Today’s economic conditions are complex, but they can be summarized in five words: Inflation is much too high.Not only is inflation far above the FOMC’s 2 percent target, but with aggregate demand continuing to outstrip supply, inflation has repeatedly come in higher than forecasters expected. This morning’s CPI [Consumer Price Index] data were a welcome relief, but there is still a long way to go.Source: Federal Reserve Bank of DallasWhat this effectively means is that the demand environment for Nvidia will continue to weaken, weighing on its near-term fundamental prospects. The stock’s valuation outlook over coming months will also remain volatile to changes in interest rates, which place a direct impact on multiples that dictate the value of the underlying business’ future prospects.Specifically, on the fundamental front, continued rate hikes and “much too high” inflation implies tightening financial conditions over coming months, especially as ongoing deterioration in consumer sentiment this year now becomes materialized into a real decline in consumer purchasing power. Average personal savings in the U.S. have declined from 3.5% in the second quarter to 3.1% in the third quarter, a far-cry from the “five-year pre-COVID average of [approximately] 7.7%”. Consumers are also increasing reliance on credit card debt to sustain spending as purchasing power declines in the face of surging inflation – consumer credit card debt is now approaching the “pre-pandemic peak of $916 billion in September”, while “real average hourly earnings decreased in October and were down 2.8% from a year earlier… falling each month since April 2021” after adjusting for inflation.Specific to Nvidia, weakening consumer spending is largely reflected through significant underperformance in its consumer-centric Gaming segment during the fiscal second quarter. And conditions have likely remained muted or worsened in the fiscal third quarter, as global PC demand continued on a rapid decline while discretionary purchases of consumer electronics remained stagnated.And on the commercial front, which was previously regarded as relatively recession-resistant compared to the consumer end-market, spending has become more conscious as well based on commentary during the latest third quarter earnings season. Even resilient corporate cloud investments are showing signs of a slowdown or delay amid growing macroeconomic uncertainties, risking weakness in data center investments over the near-term, which would impact the performance of Nvidia’s star segment.And on the valuation front, continued rate hikes are bound to further weigh on multiples. The value of high growth companies like Nvidia, with much of their prospects still being “far out in the future” are becoming increasingly susceptible to heavy discounting as a result of rising capital costs. This circles back to our earlier mention that any rally in the Nvidia stock observed as a result of the latest October inflation print will likely fizzle, as the double-whammy of valuation and fundamental challenges continue to play out over coming months.Implications of the A800 Data Center GPUMoving on from broader market headwinds, Nvidia is also facing industry-specific challenges stemming from intensifying U.S.-China relations as of late. As discussed in detail in our previous coverage on the stock, the latest ban imposed by the U.S. government on exports of advanced semiconductor technologies to China further complexes the operating backdrop for chip makers like Nvidia, which is already reeling from unraveling demand this year. The company had previously reiterated that it does not expect a material impact on its business as a result of the newly imposed restrictions, though the implementation of said export ban could result in a $400 million headwind to fiscal third quarter results.In the latest development, Nvidia has confirmed the production of A800 data center GPUs made exclusively for the Chinese market in response to U.S. regulatory requirements. The A800 chips will be a direct replacement for the A100 that has been effectively banned from being exported to China. The A800 chips, which are also based on Nvidia’s Ampere architecture, will include three variants offering the same specs as the A100 chips. However, the “NVIDIA NVLink” technology implemented, which enables “seamless, high-speed communication between every GPU” within a system to facilitate the compute demands of increasingly complex AI and HPC workloads, will be downgraded from the A100’s standard 600GBps to 400GBps for the A800. The A800 has received regulatory clearance from the U.S. for export to China, with the hardware’s processing speed non-programmable to exceed the 400GBps cap, and thereby “limiting their usefulness” in HPC applications to restrict China’s military advancements. However, the company has yet to provide any immediate reprieve to restricted sales of the upcoming H100 Grace data center CPUs to China as a result of the new rules, which also relies on next-generation NVLink technology capable of at least 1.5x higher performance than existing Ampere-based processors.As analyzed in our previous coverage, we expect Nvidia’s base case 12-month PT to hover around $150 and bull case 12-month PT of $160 as a result of the newly imposed export restrictions in addition to looming macroeconomic challenges. And the recent relief brought by the introduction of the A800 chips exclusive to the Chinese market – the largest source of semiconductor demand – is viewed as a positive development to support the stock’s potential leap beyond the base case PT and approach towards the near-term bull case PT. This is further corroborated by the stock’s intra-day leap of as much as 4% to reach the $150-level on November 8th upon announcement of the A800 chip which began productions in the fiscal third quarter, which was organic to positive investors’ sentiment on the news and separate from any positive macro development.i. Bull Case Financial Forecast and Valuation Analysis:Nvidia Bull Case Financial Forecast (Author)Nvidia Bull Case PT (Author)ii. Base Case Financial Forecast and Valuation Analysis:Nvidia Base Case Financial Forecast (Author)Nvidia Base Case PT (Author)iii. Bear Case Financial Forecast and Valuation Analysis:Nvidia Bear Case Financial Forecast (Author)Nvidia Bear Case PT (Author)However, the total elimination of Chinese demand for Nvidia’s best-selling A100 data center GPUs and H100 data center CPUs will remain an overhang on the company’s near-term fundamental performance. China is still the largest buyer of chips, and with Nvidia’s heavy reliance on HPC/data center sales to make-up for the near-term downturn in its consumer-centric segments, the company is still missing out on a chunk of market share that it would have otherwise been able to capitalize on if it were not for the newly imposed rules. Yet, we see the A800 as a positive development that will not only bring some partial relief to Nvidia’s near-term fundamental performance, but also an indicator of a potential equivalent for the company’s new foray in data center CPUs with its Hopper architecture. We see this as a probable implication for a potential clawback of revenue losses that were previously thought to be permanent due to the U.S.-imposed export curbs, which would be a plus to Nvidia’s near-term valuation prospects.Implications of Crypto Contagion 2.0As previously discussed, lingering crypto headwinds make another overhang that is harder to gauge on Nvidia’s near-term performance. Recall that a non-disclosed portion of Nvidia’s Gaming segment sales are driven by GPU demand from crypto mining, which has experienced a material slowdown this year following the Luna/Terra death spiral (UST-USD / LUNC-USD / LUNA-USD) in May and the Ethereum Merge (ETH-USD) that took place in September.While cryptocurrencies saw some reprieve in prices in late October, earlier hopes of an emergence from the latest crypto winter have been stymied by the latest FTX wind-down. It has been a tumultuous week for crypto. The intensifying feud last weekend between Binance (BNB-USD) founder and CEO Changpeng “CZ” Zhao and FTX founder and CEO Sam Bankman-Fried following the former’s decision to liquidate its holdings in the latter’s FTT coins (FTT-USD) had rapidly turned into a liquidity crunch for FTX.com, which later turned into a potential bailout by Binance. And within 24 hours, the relief deal soured with Binance pulling out from the non-binding bailout agreement, and FTX facing bankruptcy risks. Contagion fears are also spreading like wild fire again, with BlockFi being the latest victim in the downward spiraling situation.Cryptocurrencies have plummeted this week as a result of the latest drama unfolding in real-time within the digital assets industry. Even Thursday’s relief rally on the back of easing inflation signals failed to restore confidence in the risky asset, with Bitcoin prices dipping below $17,000 at one point. Many Bitcoin miners have already either sold their coins or mining equipment to raise cash needed to weather the protracted crypto winter, with some even halting expansion efforts as a pre-emptive measure against rising liquidity pressures:Contagion risks in cryptocurrencies, following on from the FTX-Alameda collapse, will take a long time to work through and the market remains vulnerable…We’re going to see definite lower volumes because people are going to hold back at this moment in time.Source: BloombergWhile Nvidia’s latest release of the A800 chips and the broader market rally on signs of easing inflation this week have largely overshadowed potential contagion risks to demand for its gaming / crypto-mining GPUs, we see the latest crypto rout as a new bout of challenge on the chipmaker’s already-stagnate Gaming segment. As mentioned in the earlier section, Nvidia’s Gaming segment has already seen a significant decline in sales as a result of “softness in Europe related to the war in Ukraine and COVID lockdowns in China” that have been worsened by “lower units and lower ASPs” due to deteriorating macro conditions, and inadvertently, consumer demand. The latest crypto whiplash is likely to bring about further declines in crypto mining activity, thus adding to the Gaming segment’s near-term turmoil given an undisclosed portion of its sales are still linked to crypto mining demand.In addition to a contagion impact from the recent crypto debacle on the Gaming segment’s sales, Nvidia also risks another write-off related to its inventory of crypto-mining processors, “CMP”. Although any related amount is not expected to place a material impact on its fundamental nor valuation prospects – for perspective, Nvidia had already reported a $1.32 billion CMP inventory write-down during the fiscal second quarter – it does not bode well for the company’s profit margins, nonetheless. This makes another near-term challenge to consider ahead of its upcoming fiscal third quarter earnings release, as investors’ preference shift towards profitability over growth ahead of an increasingly uncertain market climate.Final ThoughtsAs we have previously noted – when it rains, it pours for Nvidia. The near-term operating environment for the company remains a challenge, and the market backdrop for the stock’s near-term prospects continues to be turbulent. While the latest macro development pertaining to signs of easing inflation makes a positive point for valuation multiples, it is too soon to tell if the related rally is sustainable as price increases remain far out from the Fed’s 2% target. Continued Fed monetary policy tightening into restrictive territory to ensure inflation is under control for good means further deterioration in financial conditions ahead. And the recent easing observed in China’s stringent COVID Zero policies are also adding pressure to a tightening oil market – especially as the OPEC+ slashes production this month to prevent further price declines. With a potential return of demand from the world’s largest oil importer, the tightening oil market today is unlikely to handle such a sudden influx, adding to risks of a rebound in price pressures in the near-term, which corroborates continued hawkishness in the Fed’s policy agenda.And while Nvidia’s recent introduction of the A800 is a step in the right direction to mitigate the impact of fraying U.S.-China relations, there is still work to be done to recoup the majority of lost revenues from other verticals as a result of the latest export restrictions. The latest crypto turmoil also brings renewed pressure on the company’s already-staggering Gaming segment.Despite a cautious sentiment over Nvidia’s near-term outlook, the company remains well-positioned to capitalize on high-growth opportunities driven by secular demand across multiple verticals in which it specifically caters to over the longer-term. Nvidia’s offerings remain a critical backbone to almost every technology used across all daily life settings today and tomorrow, from HPC applications satisfying cloud-computing demand, to AI applications addressing nascent developments like autonomous mobility and the metaverse. The steadfast confidence in the company’s long-term bullishness is further evidenced by the Nvidia stock’s outsized gains on Thursday. Although further downturns in the stock are expected within the near-term to wipe-out its impressive intra-day gains observed this week, we view them as compelling risk-reward opportunities for longer-term upside potential ahead.This article is written by Livy Investment Research for reference only. Please note the risks.","news_type":1,"symbols_score_info":{"NVDA":1}},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9905965572,"gmtCreate":1659799838798,"gmtModify":1703766628482,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905965572","repostId":"1180978420","repostType":4,"repost":{"id":"1180978420","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1659787829,"share":"https://ttm.financial/m/news/1180978420?lang=en_US&edition=fundamental","pubTime":"2022-08-06 20:10","market":"other","language":"zh","title":"Berkshire Hathaway's second-quarter operating profit of $9.28 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1180978420","media":"老虎资讯综合","summary":"8月6日讯，伯克希尔-哈撒韦A Q2营收761.8亿美元，市场预期735.37亿美元，去年同期691.14亿美元。第二季度投资和衍生品净亏损533.8亿美元。二季度归属于伯克希尔哈撒韦公司股东的净亏损","content":"<p><html><head></head><body>On August 6, Berkshire Hathaway A Q2 revenue was US $76.18 billion, market expectations were US $73.537 billion, and US $69.114 billion in the same period last year. Investments and derivatives had a net loss of $53.38 billion in the second quarter.</p><p>The net loss attributable to Berkshire Hathaway shareholders in the second quarter was US $43.755 billion, and cash reserves at the end of the second quarter were US $105.4 billion. As of June 30, approximately 69% of the fair value of the company's total investments was concentrated in American Express, Apple, Bank of America, The Coca-Cola Company and Chevron.<img src=\"https://static.tigerbbs.com/dd28b4f1c32d796d7dc7fe65f199d2fa\" tg-width=\"1535\" tg-height=\"696\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Berkshire Hathaway's second-quarter operating profit of $9.28 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway's second-quarter operating profit of $9.28 billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-08-06 20:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On August 6, Berkshire Hathaway A Q2 revenue was US $76.18 billion, market expectations were US $73.537 billion, and US $69.114 billion in the same period last year. Investments and derivatives had a net loss of $53.38 billion in the second quarter.</p><p>The net loss attributable to Berkshire Hathaway shareholders in the second quarter was US $43.755 billion, and cash reserves at the end of the second quarter were US $105.4 billion. As of June 30, approximately 69% of the fair value of the company's total investments was concentrated in American Express, Apple, Bank of America, The Coca-Cola Company and Chevron.<img src=\"https://static.tigerbbs.com/dd28b4f1c32d796d7dc7fe65f199d2fa\" tg-width=\"1535\" tg-height=\"696\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f3ecc14db02762fcb82cdbb76e654301","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180978420","content_text":"8月6日讯，伯克希尔-哈撒韦A Q2营收761.8亿美元，市场预期735.37亿美元，去年同期691.14亿美元。第二季度投资和衍生品净亏损533.8亿美元。二季度归属于伯克希尔哈撒韦公司股东的净亏损为437.55亿美元，二季度末现金储备为1054亿美元。截至6月30日，公司总投资的公允价值约69%集中在美国运通、苹果、美国银行、可口可乐公司和雪佛龙。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023100057,"gmtCreate":1652877190079,"gmtModify":1676535178949,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023100057","repostId":"1147405430","repostType":4,"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064072726,"gmtCreate":1652258125265,"gmtModify":1676535063202,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064072726","repostId":"1197652980","repostType":4,"repost":{"id":"1197652980","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652256809,"share":"https://ttm.financial/m/news/1197652980?lang=en_US&edition=fundamental","pubTime":"2022-05-11 16:13","market":"us","language":"zh","title":"Pre-market changes | Ideal, XPeng soared! Coinbase falls more than 17%","url":"https://stock-news.laohu8.com/highlight/detail?id=1197652980","media":"老虎资讯综合","summary":"5月11日，美股股指期货上涨，道指期货涨0.17%，纳指期货涨0.48%，标普500指数涨0.28%。热门中概股盘前普涨，理想汽车涨超10%，小鹏汽车涨近8%，滴滴、哔哩哔哩涨超6%，百度、蔚来涨超4","content":"<p><html><head></head><body>On May 11, U.S. stock index futures rose, with Dow futures up 0.17%, Nasdaq futures up 0.48%, and S&P 500 up 0.28%.<img src=\"https://static.tigerbbs.com/41fb9dbff7f5ca94554510c08e0e7f51\" tg-width=\"828\" tg-height=\"241\" referrerpolicy=\"no-referrer\"/></p><p>Popular Chinese concept stocks generally rose before the market,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 10%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose nearly 8%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 6%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Rose more than 4%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Rose more than 3%.</p><p>Coinbase fell more than 17% before the market, with Q1 revenue of US $1.16 billion, market expectations of US $1.48 billion, miss the market expectation.</p><p>Game engine company Unity fell 25% before the market, and the stock may continue to hit historical lows at the opening. The company forecasts a sharp slowdown in growth in the second quarter, expecting sales in the range of $290 million to $295 million, compared to analysts' forecasts of $359.65 million.</p><p><a href=\"https://laohu8.com/S/PUK\">Prudential UK</a>Up more than 4% before the market, the company announced today that it will pay a quarterly Dividend of $1.20 per share of common stock to shareholders of record at the close of trading on May 24, 2022 on June 16, 2022, up from the previous $0.2372 Dividend.</p><p>Roblox fell more than 3% before the market, with Q1 revenue of US $631 million and a net loss of US $161 million. The second consecutive quarter of profit fell short of expectations.</p><p>GlobalFoundries (GFS.O) rose more than 4% before the market, Q1 revenue increased 37% to US $1.94 billion, and its net profit was US $178 million, turning losses into profits year-on-year.</p><p>Upstart fell more than 2% before the market, and its Q2 and full-year performance guidance fell short of expectations.</p><p></body></html></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>Pre-market changes | Ideal, XPeng soared! Coinbase falls more than 17%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market changes | Ideal, XPeng soared! Coinbase falls more than 17%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-05-11 16:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On May 11, U.S. stock index futures rose, with Dow futures up 0.17%, Nasdaq futures up 0.48%, and S&P 500 up 0.28%.<img src=\"https://static.tigerbbs.com/41fb9dbff7f5ca94554510c08e0e7f51\" tg-width=\"828\" tg-height=\"241\" referrerpolicy=\"no-referrer\"/></p><p>Popular Chinese concept stocks generally rose before the market,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 10%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose nearly 8%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 6%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Rose more than 4%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Rose more than 3%.</p><p>Coinbase fell more than 17% before the market, with Q1 revenue of US $1.16 billion, market expectations of US $1.48 billion, miss the market expectation.</p><p>Game engine company Unity fell 25% before the market, and the stock may continue to hit historical lows at the opening. The company forecasts a sharp slowdown in growth in the second quarter, expecting sales in the range of $290 million to $295 million, compared to analysts' forecasts of $359.65 million.</p><p><a href=\"https://laohu8.com/S/PUK\">Prudential UK</a>Up more than 4% before the market, the company announced today that it will pay a quarterly Dividend of $1.20 per share of common stock to shareholders of record at the close of trading on May 24, 2022 on June 16, 2022, up from the previous $0.2372 Dividend.</p><p>Roblox fell more than 3% before the market, with Q1 revenue of US $631 million and a net loss of US $161 million. The second consecutive quarter of profit fell short of expectations.</p><p>GlobalFoundries (GFS.O) rose more than 4% before the market, Q1 revenue increased 37% to US $1.94 billion, and its net profit was US $178 million, turning losses into profits year-on-year.</p><p>Upstart fell more than 2% before the market, and its Q2 and full-year performance guidance fell short of expectations.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车",".SPX":"S&P 500 Index","BILI":"哔哩哔哩",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","RBLX":"Roblox Corporation","BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197652980","content_text":"5月11日，美股股指期货上涨，道指期货涨0.17%，纳指期货涨0.48%，标普500指数涨0.28%。热门中概股盘前普涨，理想汽车涨超10%，小鹏汽车涨近8%，滴滴、哔哩哔哩涨超6%，百度、蔚来涨超4%，拼多多、阿里巴巴涨逾3%。Coinbase盘前跌超17%，Q1营收11.6亿美元，市场预期为14.8亿美元，不及市场预期。游戏引擎公司Unity盘前大跌25%，该股开盘或续刷历史低价。该公司预测第二季度的增长将大幅放缓，预计销售额在2.90亿美元至2.95亿美元之间，而分析师预测为3.5965亿美元。英国保诚盘前涨超4%，该公司今日宣布将于2022年6月16日向2022年5月24日收盘时登记在册的股东支付普通股每股1.20美元的季度股息，高于此前的0.2372美元股息。Roblox盘前跌超3%，Q1营收6.31亿美元，净亏损1.61亿美元，连续第二个季度利润不及预期。格芯(GFS.O)盘前涨超4%，Q1营收大增37%至19.4亿美元，净利润1.78亿美元，同比扭亏为盈。Upstart盘前跌超2%，Q2及全年业绩指引不及预期。","news_type":1,"symbols_score_info":{"XPEV":0.9,".DJI":0.9,".SPX":0.9,"LI":0.9,"NIO":0.9,"BABA":0.9,"BILI":0.9,".IXIC":0.9,"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038611501,"gmtCreate":1646812190923,"gmtModify":1676534165295,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038611501","repostId":"2218675400","repostType":4,"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098020660,"gmtCreate":1643977301363,"gmtModify":1676533877899,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"😔","listText":"😔","text":"😔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098020660","repostId":"1150723578","repostType":2,"repost":{"id":"1150723578","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643966618,"share":"https://ttm.financial/m/news/1150723578?lang=en_US&edition=fundamental","pubTime":"2022-02-04 17:23","market":"us","language":"zh","title":"Pre-market changes: Sweeping away the haze, social media stocks collectively rose sharply","url":"https://stock-news.laohu8.com/highlight/detail?id=1150723578","media":"老虎资讯综合","summary":"美股三大指数期货在盘前时段集体走高，纳指期货涨幅居前。","content":"<p><html><head></head><body>On February 4 (Friday), the three major U.S. stock index futures collectively rose during the pre-market session, with Nasdaq futures leading the gains. The U.S. Labor Department will release its closely watched jobs report on Friday. Economists and White House officials urged not to over-interpret January data. Fed officials who are expected to start raising interest rates next month should not be affected by January employment data.</p><p><img src=\"https://static.tigerbbs.com/11694f29a775d8ff18a19e5588a352c7\" tg-width=\"833\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It rose more than 12% before the market. According to the financial report, Amazon's net sales in the fourth quarter were US $137.4 billion, a year-on-year increase of 9%, and analysts expected US $137.82 billion; Operating profit in the fourth quarter was US $3.5 billion, a year-on-year increase of 98%, and is estimated to be US $2.43 billion; Net profit was US $14.3 billion, almost double that of the same period last year, equivalent to earnings per share of US $27.75, compared with an estimated US $3.77. Among them, its shareholding in electric car manufacturer RivianR injected $11.8 billion in pre-tax income.</p><p><a href=\"https://laohu8.com/S/SNAP\">Snap</a>It skyrocketed 52% premarket. The financial report shows that Snap's revenue in the fourth quarter was US $1.298 billion, an increase of 42% compared with US $911 million in the same period last year; Net profit was US $22.6 million, recording the first quarterly net profit in history; The number of daily active users in the fourth quarter was 319 million, exceeding analysts' expectations.</p><p>Same social media concept<a href=\"https://laohu8.com/S/PINS\">Pinterest</a>It rose 17% before the market. The financial report shows that Pinterest's fourth-quarter revenue rose 20% year-on-year to US $847 million, better than market expectations of US $827 million; Adjusted earnings per share were $0.49, beating consensus of $0.45.</p><p>Unity rose more than 14% before the market, and the company's fourth-quarter revenue was US $315.9 million, a year-on-year increase of 43%.</p><p>Yesterday, he \"brought the collapse\" of the Nasdaq by himself<a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>It also rebounded slightly before the market, with an increase of 1.88% as of press time.</p><p>Popular Chinese concept stocks generally rose before the market.<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 2%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 3%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up more than 2%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>, Wuxin Technology rose more than 3%.</p><p></body></html></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>Pre-market changes: Sweeping away the haze, social media stocks collectively rose sharply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market changes: Sweeping away the haze, social media stocks collectively rose sharply\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-02-04 17:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On February 4 (Friday), the three major U.S. stock index futures collectively rose during the pre-market session, with Nasdaq futures leading the gains. The U.S. Labor Department will release its closely watched jobs report on Friday. Economists and White House officials urged not to over-interpret January data. Fed officials who are expected to start raising interest rates next month should not be affected by January employment data.</p><p><img src=\"https://static.tigerbbs.com/11694f29a775d8ff18a19e5588a352c7\" tg-width=\"833\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It rose more than 12% before the market. According to the financial report, Amazon's net sales in the fourth quarter were US $137.4 billion, a year-on-year increase of 9%, and analysts expected US $137.82 billion; Operating profit in the fourth quarter was US $3.5 billion, a year-on-year increase of 98%, and is estimated to be US $2.43 billion; Net profit was US $14.3 billion, almost double that of the same period last year, equivalent to earnings per share of US $27.75, compared with an estimated US $3.77. Among them, its shareholding in electric car manufacturer RivianR injected $11.8 billion in pre-tax income.</p><p><a href=\"https://laohu8.com/S/SNAP\">Snap</a>It skyrocketed 52% premarket. The financial report shows that Snap's revenue in the fourth quarter was US $1.298 billion, an increase of 42% compared with US $911 million in the same period last year; Net profit was US $22.6 million, recording the first quarterly net profit in history; The number of daily active users in the fourth quarter was 319 million, exceeding analysts' expectations.</p><p>Same social media concept<a href=\"https://laohu8.com/S/PINS\">Pinterest</a>It rose 17% before the market. The financial report shows that Pinterest's fourth-quarter revenue rose 20% year-on-year to US $847 million, better than market expectations of US $827 million; Adjusted earnings per share were $0.49, beating consensus of $0.45.</p><p>Unity rose more than 14% before the market, and the company's fourth-quarter revenue was US $315.9 million, a year-on-year increase of 43%.</p><p>Yesterday, he \"brought the collapse\" of the Nasdaq by himself<a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>It also rebounded slightly before the market, with an increase of 1.88% as of press time.</p><p>Popular Chinese concept stocks generally rose before the market.<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 2%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 3%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up more than 2%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>, Wuxin Technology rose more than 3%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150723578","content_text":"2月4日（周五），美股三大指数期货在盘前时段集体走高，纳指期货涨幅居前。美国劳工部周五将公布备受关注的就业报告。经济学家和白宫官员敦促不要过度解读1月数据。预计下个月开始升息的美联储官员，应该不会被1月就业数据影响。亚马逊盘前大涨超12%。根据财报，亚马逊四季度净销售1374亿美元，同比增长9%，分析师预期1378.2亿美元；第四季度经营利润35亿美元，同比增长98%，预估24.3亿美元；净利润143亿美元，较去年同期几乎翻倍，折合每股收益27.75美元，预估3.77美元。其中在电动汽车制造商RivianR持股挹注了118亿美元的税前收益。Snap盘前暴涨52%。财报显示，Snap第四季度营收为12.98亿美元，与上年同期的9.11亿美元相比增长42%；净利润为2260万美元，录得历史上首次季度净利润；四季度日活用户数3.19亿，超分析师预期。同为社交媒体概念的Pinterest盘前大涨17%。财报显示，Pinterest第四季收入按年升20%至8.47亿美元，优于市场预期的8.27亿美元；每股经调整盈利0.49美元，优于市场预期的0.45美元。Unity盘前涨超14%，公司四季度营收录得3.159亿美元，同比增长43%。昨日以一己之力“带崩”纳指的Meta Platforms盘前亦小幅反弹，截至发稿涨幅1.88%。热门中概股盘前普涨。京东、哔哩哔哩涨超2%，蔚来涨3%，理想汽车、小鹏汽车涨超2%，爱奇艺、雾芯科技涨超3%。","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004325748,"gmtCreate":1642513949099,"gmtModify":1676533717353,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004325748","repostId":"1144264198","repostType":4,"isVote":1,"tweetType":1,"viewCount":1392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888404292,"gmtCreate":1631514875516,"gmtModify":1676530562850,"author":{"id":"3582761146933339","authorId":"3582761146933339","name":"是龙不是虫","avatar":"https://community-static.tradeup.com/news/88c6c9008bca5a73fbaab442050a9ab3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582761146933339","idStr":"3582761146933339"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/888404292","repostId":"2167434305","repostType":4,"repost":{"id":"2167434305","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631498464,"share":"https://ttm.financial/m/news/2167434305?lang=en_US&edition=fundamental","pubTime":"2021-09-13 10:01","market":"hk","language":"zh","title":"Kunbo Medical-B will launch its IPO today, and the admission fee is HK $9444.22","url":"https://stock-news.laohu8.com/highlight/detail?id=2167434305","media":"老虎资讯综合","summary":"9月13日，堃博医疗-B发布公告，将于9月13日-16日招股，公司拟发行8935.5万股股份，其中公开发售893.55万股，国际发售8041.95万股，每股发行价17.2-18.7港元，每手500股，","content":"<p>September 13th,<a href=\"https://laohu8.com/S/02216\">Kunbo Medical-B</a>It was announced that the IPO will be held from September 13th to 16th. The company plans to issue 89.355 million shares, including 8.9355 million shares for public offering and 80.4195 million shares for international offering. The issue price per share is HK $17.2-18.7, with 500 shares per lot. It is expected to be listed on September 24.</p><p><img src=\"https://static.tigerbbs.com/bd76a7fa62ceaade55c20cb0d7b4572c\" tg-width=\"847\" tg-height=\"806\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>There are 500 shares per lot, and the admission fee is HK $9,444.22.</p><p>The threshold for Group B is 300,000 shares, and the funds required for subscription are approximately HK $5,666,531.97.<img src=\"https://static.tigerbbs.com/35b8a1701d9d5cf8bd3f4bec4fa18ac7\" tg-width=\"961\" tg-height=\"614\" referrerpolicy=\"no-referrer\">As for cornerstone investors, a number of cornerstone investors agreed to subscribe for the number of Offer Shares available for subscription at the Offer Price, totaling approximately US $91 million.<b>Including UBS, Qingchi Capital, Snow Lake Capital, CDH Investment</b>, Summer Healthcare Fund, Springhill Master Fund Limited, Artisan China Post-Venture Master Fund LP, Valliance Fund, Emerging Markets Healthcare Partners LLC and Worldwide Healthcare Partners LLC.<img src=\"https://static.tigerbbs.com/a3ecfe3b6654705308eeab820166c7d9\" tg-width=\"864\" tg-height=\"718\" referrerpolicy=\"no-referrer\">In terms of financial data, since 2009, the company has commercialized several products.<b>However, the company still recorded a net loss due to continued global commercialization activities and research and development investments in product candidates.</b>In 2019, 2020 and the first four months of 2021, the company achieved revenue of US $8.072 million, US $3.259 million and US $1.587 million, and recorded net losses of US $32.551 million, US $48.786 million and US $13.783 million during the same period.<img src=\"https://static.tigerbbs.com/8d10b731c4034d6813bc4844681607b9\" tg-width=\"834\" tg-height=\"692\" referrerpolicy=\"no-referrer\">Founded in 2012, Kunbo Medical is a medical device company focusing on the development of interventional respiratory products. It has developed a comprehensive interventional respiratory platform including navigation, diagnosis and treatment, which can solve the pain points of the existing diagnosis and treatment model and a large number of unmet medical needs for lung diseases by improving the diagnosis and treatment effects of lung cancer and chronic obstructive pulmonary disease.</p><p>Up to now, the company has 17 products and major product candidates in different stages of development. The core products are InterVapor system (\"InterVapor\") and RF generator + RF ablation catheter (\"RF-II\"). According to Frost & Sullivan,<b>The InterVapor system is the world's first and only thermal vapor energy ablation system for the treatment of lung diseases such as chronic obstructive pulmonary disease and lung cancer. RF-II is the only radiofrequency ablation system used in combination with a disposable pulmonary radiofrequency ablation catheter and specifically for lung cancer.</b></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>Kunbo Medical-B will launch its IPO today, and the admission fee is HK $9444.22</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKunbo Medical-B will launch its IPO today, and the admission fee is HK $9444.22\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-13 10:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>September 13th,<a href=\"https://laohu8.com/S/02216\">Kunbo Medical-B</a>It was announced that the IPO will be held from September 13th to 16th. The company plans to issue 89.355 million shares, including 8.9355 million shares for public offering and 80.4195 million shares for international offering. The issue price per share is HK $17.2-18.7, with 500 shares per lot. It is expected to be listed on September 24.</p><p><img src=\"https://static.tigerbbs.com/bd76a7fa62ceaade55c20cb0d7b4572c\" tg-width=\"847\" tg-height=\"806\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>There are 500 shares per lot, and the admission fee is HK $9,444.22.</p><p>The threshold for Group B is 300,000 shares, and the funds required for subscription are approximately HK $5,666,531.97.<img src=\"https://static.tigerbbs.com/35b8a1701d9d5cf8bd3f4bec4fa18ac7\" tg-width=\"961\" tg-height=\"614\" referrerpolicy=\"no-referrer\">As for cornerstone investors, a number of cornerstone investors agreed to subscribe for the number of Offer Shares available for subscription at the Offer Price, totaling approximately US $91 million.<b>Including UBS, Qingchi Capital, Snow Lake Capital, CDH Investment</b>, Summer Healthcare Fund, Springhill Master Fund Limited, Artisan China Post-Venture Master Fund LP, Valliance Fund, Emerging Markets Healthcare Partners LLC and Worldwide Healthcare Partners LLC.<img src=\"https://static.tigerbbs.com/a3ecfe3b6654705308eeab820166c7d9\" tg-width=\"864\" tg-height=\"718\" referrerpolicy=\"no-referrer\">In terms of financial data, since 2009, the company has commercialized several products.<b>However, the company still recorded a net loss due to continued global commercialization activities and research and development investments in product candidates.</b>In 2019, 2020 and the first four months of 2021, the company achieved revenue of US $8.072 million, US $3.259 million and US $1.587 million, and recorded net losses of US $32.551 million, US $48.786 million and US $13.783 million during the same period.<img src=\"https://static.tigerbbs.com/8d10b731c4034d6813bc4844681607b9\" tg-width=\"834\" tg-height=\"692\" referrerpolicy=\"no-referrer\">Founded in 2012, Kunbo Medical is a medical device company focusing on the development of interventional respiratory products. It has developed a comprehensive interventional respiratory platform including navigation, diagnosis and treatment, which can solve the pain points of the existing diagnosis and treatment model and a large number of unmet medical needs for lung diseases by improving the diagnosis and treatment effects of lung cancer and chronic obstructive pulmonary disease.</p><p>Up to now, the company has 17 products and major product candidates in different stages of development. The core products are InterVapor system (\"InterVapor\") and RF generator + RF ablation catheter (\"RF-II\"). According to Frost & Sullivan,<b>The InterVapor system is the world's first and only thermal vapor energy ablation system for the treatment of lung diseases such as chronic obstructive pulmonary disease and lung cancer. RF-II is the only radiofrequency ablation system used in combination with a disposable pulmonary radiofrequency ablation catheter and specifically for lung cancer.</b></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/25bb080e73b6be662c435ea6aeaec9c7","relate_stocks":{"02216":"堃博医疗-B"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167434305","content_text":"9月13日，堃博医疗-B发布公告，将于9月13日-16日招股，公司拟发行8935.5万股股份，其中公开发售893.55万股，国际发售8041.95万股，每股发行价17.2-18.7港元，每手500股，预期将于9月24日上市。\n申购阶梯：\n每手500股，入场费9444.22港元。\n乙组门槛为30万股，申购所需资金约5666531.97港元。基石投资者方面，多名基石投资者同意按发售价认购可供认购的发售股份数目，总额约9100万美元，包括UBS、清池资本、雪湖资本、鼎晖投资、Summer Healthcare Fund、Springhill Master Fund Limited、Artisan China Post-Venture Master Fund LP、Valliance Fund、Emerging Markets Healthcare Partners LLC、及Worldwide Healthcare Partners LLC。财务数据方面，自2009年以来，公司已商业化若干产品。但由于持续进行全球商业化活动以及对候选产品进行研发投资，公司仍录得亏损净额。于2019年、2020年及2021年前四个月，公司实现收入807.2万美元、325.9万美元及158.7万美元，同期录得净亏损3255.1万美元、4878.6万美元及1378.3万美元。堃博医疗成立于2012年，是一家专注于介入呼吸病学产品开发的医疗器械公司，开发了一款包括导航、诊疗的综合介入呼吸病学平台，通过提高肺癌及慢性阻塞性肺病的诊疗效果解决了现有诊疗模式的痛点以及大量未得到满足的肺病医疗需求。\n截至目前，公司有17种产品及处于不同开发阶段的主要候选产品，核心产品是InterVapor系统（“InterVapor”）及RF发生器+RF消融导管（“RF-II”）。根据弗若斯特沙利文的资料，InterVapor系统是世界上第一个，也是唯一一个用于治疗慢性阻塞性肺病及肺癌等肺病的热蒸汽能量消融系统。RF-II是一种与一次性肺射频消融导管结合使用及唯一专门针对肺癌的射频消融系统。","news_type":1,"symbols_score_info":{"90040":0.9,"02216":0.9}},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}