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中丐股代盐人

中丐股代盐人

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中丐股代盐人

2022-09-14

$纳斯达克(.IXIC)$

中丐股代盐人

2022-09-14

$纳斯达克(.IXIC)$

中丐股代盐人

2021-12-29

Like pls

中丐股代盐人

2021-07-29

Hi

Value stocks are making a comeback! These 10 Stocks Can Beat the Market

中丐股代盐人

2021-07-28

Gv me a like pls

Pre-market: Waiting for the Fed's decision! Boeing soared more than 6% before the market

中丐股代盐人

2021-07-27

[Cry] [Cry] [Cry]

中丐股代盐人

2021-07-27

$STI ETF(ES3.SI)$[Cry] [Cry] [Cry] [Cry] [Cry]

中丐股代盐人

2021-07-26

$Apple(AAPL)$[Miser] [Miser]

中丐股代盐人

2021-07-26

[Miser] [Miser] [Miser]

中丐股代盐人

2021-07-25

[Miser] [Miser] [Miser]

中丐股代盐人

2021-07-24

$Apple(AAPL)$[Miser] [Miser] [Miser]

中丐股代盐人

2021-07-24

Please give me a like pls [Cry]

Tencent was ordered to remove the exclusive copyright of online music

中丐股代盐人

2021-07-23

no

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中丐股代盐人

2021-07-21

$STI ETF(ES3.SI)$????

中丐股代盐人

2021-07-19

?????

Lower oil prices prompt hedge fund short-covering: Kemp

中丐股代盐人

2021-07-19

$NIO Inc.(NIO)$????

中丐股代盐人

2021-07-17

☹️☹️☹️☹️

One of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?

中丐股代盐人

2021-07-17

Like pls

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中丐股代盐人

2021-07-17

?☹️☹️☹️☹️

中丐股代盐人

2021-07-13

Please Lik and comment ??

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/.IXIC\">$纳斯达克(.IXIC)$</a><v-v data-views=\"0\"></v-v>","text":"$纳斯达克(.IXIC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935570633","isVote":1,"tweetType":1,"viewCount":2102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009713297,"gmtCreate":1640791545399,"gmtModify":1676533542018,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009713297","isVote":1,"tweetType":1,"viewCount":2180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808366263,"gmtCreate":1627558351052,"gmtModify":1703492334755,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808366263","repostId":"1135894112","repostType":4,"repost":{"id":"1135894112","kind":"news","weMediaInfo":{"introduction":"中国最具影响力的财经新闻媒体《财经》携手道琼斯媒体集团，引入百年历史的《巴伦》（Barron's）独家内容，打造涵盖全球金融信息、市场动态、行业分析、公司研究及理财顾问评估的全球投资平台。","home_visible":1,"media_name":"Barrons巴伦","id":"1063202233","head_image":"https://static.tigerbbs.com/dd0fd02e1b0644cdbe57505e702dacab"},"pubTimestamp":1627557081,"share":"https://ttm.financial/m/news/1135894112?lang=en_US&edition=fundamental","pubTime":"2021-07-29 19:11","market":"us","language":"zh","title":"Value stocks are making a comeback! These 10 Stocks Can Beat the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1135894112","media":"Barrons巴伦","summary":"就算成长股的每股收益增长了，但如果增幅低于市场目前的预期，其股价仍然会下跌。\n\n多年来，成长股持续跑赢价值股。2020年底价值股一度反超，但之后再次跑输成长股。\n不过价值投资者不必灰心，一项新研究显示","content":"<p>Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall. Growth stocks have consistently outperformed value stocks over the years. Value stocks once overtook at the end of 2020, but then underperformed growth stocks again.</p><p>But value investors need not be discouraged. A new study shows that there is increasing evidence that value stocks will outperform growth stocks in the next few years.</p><p><img src=\"https://static.tigerbbs.com/6c40db6879c789bc53508092b1e228bb\" tg-width=\"639\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p><p>Value stocks are those stocks that have fallen out of favor, and their share prices have relatively low ratios to indicators such as profits, sales and book value, while growth stocks have relatively high ratios to these indicators.</p><p>While on average value stocks have outperformed growth stocks over the past century, they have uncharacteristically underperformed over the past 15 years. Value stocks began to make a comeback starting in the fall of 2020, but have begun to underperform in recent weeks after months of strong gains. Whether the value stock rally has ended, or whether there will be a period of continuous outperformance of growth stocks after the rally is paused is a question many people are thinking about.</p><p>A new study from AQR Capital Management thinks the answer is the latter. Cliff Asness, the founder of the company, recently focused on the question in a seminar: Can fundamental factors explain that investors are currently valuing growth stocks much higher than value stocks? His answer was: \"No.\"</p><p>To understand the importance of AQR's findings, the first thing to point out is that investors almost always expect higher profits from growth stocks than value stocks, which is what makes such stocks growth stocks. The question is how much more can growth stocks grow than value stocks? How much higher should the valuation be?</p><p>First, let's look at valuation. It is worth pointing out that the previous overtaking of value stocks over growth stocks did not affect investors' collective preference for growth stocks. According to data from Yardeni Research, the average P/E of growth stocks in the S&P 500 is 11.7 points higher than the average P/E of value stocks, almost three times the average gap over the past 10 years. \"AQR uses different research methodologies and definitions of value stocks, all of which come up with similar valuation gaps,\" Asnis said.</p><p>Next, let's look at profits. AQR's research found that the gap between growth and value stocks is not as wide as the P/E gap, looking at analyst forecasts for profits. Analyst forecasts show that the contrast between five-year EPS growth and value stocks is now essentially the same as historical averages for typical growth stocks. Specifically, growth stocks averaged 4.2 percentage points higher than value stocks in their five-year EPS estimates from 1990 to 2017. As of June 30, 2021, the gap was 2.6 percentage points. (The average is a weighted average of 2,000 global stocks.)</p><p>These studies show that profit expectations can't explain why the valuation of growth stocks is so high compared with value stocks.</p><p>Of course, profit growth isn't the only metric that can be used to distinguish growth stocks from value stocks, but in general, Asnis found that when AQR only looks at analysts' profit growth expectations, the conclusions are similar.</p><p>As the fundamental gap between growth stocks and value stocks is expected to continue to be consistent with historical levels, and the valuation gap between the two is much higher than historical levels, Asnis believes that value stocks are \"far more attractive than growth stocks.\"</p><p>AQR's research found that over the next five years, growth stocks are expected to increase annualized EPS by an average of 2.6 percentage points higher than value stocks. But higher profit increases don't necessarily translate into better stock price performance, because a stock's return depends on how well it performs relative to expectations. Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall.</p><p>We can make the assumption that you can bet on any of 10 horses in a horse racing race, and assuming that the favorite horse ends up third and the horse expected to finish tenth finishes seventh, then you can make more money if you place your bet on the latter rather than the former, even though the former still runs much faster than the latter.</p><p>It must be emphasized that while Asnis believes value stocks will outperform growth stocks in the next few years, he recommends that investors diversify their stock portfolios and consider other factors besides value, including quality and kinetic energy.</p><p>For investors looking to increase their holdings in value stocks, ETFs may be the most convenient and cheapest way. Investors looking to pick large-cap value stocks can consider the Vanguard S&P 500 (VOOV), an ETF that is one of the cheapest in its class with a 0.10% fee rate. Investors who want to choose small and mid-cap value stocks can consider Vanguard Russell 2000 Value (VTWV), which has a 0.15% fee rate.</p><p>In terms of individual stocks, the author sorted out the stocks recommended by the best-performing investment briefs in Hulbert Financial Digest. First, he selected all the stocks recommended by at least three of the best-performing investment briefs, and then excluded P/E, price-to-book ratio and stocks with higher price-to-sales ratios than the S&P 500 index.</p><p>The 10 screened stocks listed in the table are arranged by the number of times they have been recommended from top to bottom.</p><p><b>Here are 10 stocks recommended by the best-performing investment briefs</b></p><p><img src=\"https://static.tigerbbs.com/e938b32abd7985bef9ae82b151179b6e\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"></p><p>Note: Data as of July 20, 2021</p><p>SOURCE OF DATA Hulbert Ratings; FactSet</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>Value stocks are making a comeback! These 10 Stocks Can Beat the Market</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\">\nValue stocks are making a comeback! These 10 Stocks Can Beat the Market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1063202233\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/dd0fd02e1b0644cdbe57505e702dacab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Barrons巴伦 </p>\n<p class=\"h-time smaller\">2021-07-29 19:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall. Growth stocks have consistently outperformed value stocks over the years. Value stocks once overtook at the end of 2020, but then underperformed growth stocks again.</p><p>But value investors need not be discouraged. A new study shows that there is increasing evidence that value stocks will outperform growth stocks in the next few years.</p><p><img src=\"https://static.tigerbbs.com/6c40db6879c789bc53508092b1e228bb\" tg-width=\"639\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p><p>Value stocks are those stocks that have fallen out of favor, and their share prices have relatively low ratios to indicators such as profits, sales and book value, while growth stocks have relatively high ratios to these indicators.</p><p>While on average value stocks have outperformed growth stocks over the past century, they have uncharacteristically underperformed over the past 15 years. Value stocks began to make a comeback starting in the fall of 2020, but have begun to underperform in recent weeks after months of strong gains. Whether the value stock rally has ended, or whether there will be a period of continuous outperformance of growth stocks after the rally is paused is a question many people are thinking about.</p><p>A new study from AQR Capital Management thinks the answer is the latter. Cliff Asness, the founder of the company, recently focused on the question in a seminar: Can fundamental factors explain that investors are currently valuing growth stocks much higher than value stocks? His answer was: \"No.\"</p><p>To understand the importance of AQR's findings, the first thing to point out is that investors almost always expect higher profits from growth stocks than value stocks, which is what makes such stocks growth stocks. The question is how much more can growth stocks grow than value stocks? How much higher should the valuation be?</p><p>First, let's look at valuation. It is worth pointing out that the previous overtaking of value stocks over growth stocks did not affect investors' collective preference for growth stocks. According to data from Yardeni Research, the average P/E of growth stocks in the S&P 500 is 11.7 points higher than the average P/E of value stocks, almost three times the average gap over the past 10 years. \"AQR uses different research methodologies and definitions of value stocks, all of which come up with similar valuation gaps,\" Asnis said.</p><p>Next, let's look at profits. AQR's research found that the gap between growth and value stocks is not as wide as the P/E gap, looking at analyst forecasts for profits. Analyst forecasts show that the contrast between five-year EPS growth and value stocks is now essentially the same as historical averages for typical growth stocks. Specifically, growth stocks averaged 4.2 percentage points higher than value stocks in their five-year EPS estimates from 1990 to 2017. As of June 30, 2021, the gap was 2.6 percentage points. (The average is a weighted average of 2,000 global stocks.)</p><p>These studies show that profit expectations can't explain why the valuation of growth stocks is so high compared with value stocks.</p><p>Of course, profit growth isn't the only metric that can be used to distinguish growth stocks from value stocks, but in general, Asnis found that when AQR only looks at analysts' profit growth expectations, the conclusions are similar.</p><p>As the fundamental gap between growth stocks and value stocks is expected to continue to be consistent with historical levels, and the valuation gap between the two is much higher than historical levels, Asnis believes that value stocks are \"far more attractive than growth stocks.\"</p><p>AQR's research found that over the next five years, growth stocks are expected to increase annualized EPS by an average of 2.6 percentage points higher than value stocks. But higher profit increases don't necessarily translate into better stock price performance, because a stock's return depends on how well it performs relative to expectations. Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall.</p><p>We can make the assumption that you can bet on any of 10 horses in a horse racing race, and assuming that the favorite horse ends up third and the horse expected to finish tenth finishes seventh, then you can make more money if you place your bet on the latter rather than the former, even though the former still runs much faster than the latter.</p><p>It must be emphasized that while Asnis believes value stocks will outperform growth stocks in the next few years, he recommends that investors diversify their stock portfolios and consider other factors besides value, including quality and kinetic energy.</p><p>For investors looking to increase their holdings in value stocks, ETFs may be the most convenient and cheapest way. Investors looking to pick large-cap value stocks can consider the Vanguard S&P 500 (VOOV), an ETF that is one of the cheapest in its class with a 0.10% fee rate. Investors who want to choose small and mid-cap value stocks can consider Vanguard Russell 2000 Value (VTWV), which has a 0.15% fee rate.</p><p>In terms of individual stocks, the author sorted out the stocks recommended by the best-performing investment briefs in Hulbert Financial Digest. First, he selected all the stocks recommended by at least three of the best-performing investment briefs, and then excluded P/E, price-to-book ratio and stocks with higher price-to-sales ratios than the S&P 500 index.</p><p>The 10 screened stocks listed in the table are arranged by the number of times they have been recommended from top to bottom.</p><p><b>Here are 10 stocks recommended by the best-performing investment briefs</b></p><p><img src=\"https://static.tigerbbs.com/e938b32abd7985bef9ae82b151179b6e\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"></p><p>Note: Data as of July 20, 2021</p><p>SOURCE OF DATA Hulbert Ratings; FactSet</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135894112","content_text":"就算成长股的每股收益增长了，但如果增幅低于市场目前的预期，其股价仍然会下跌。\n\n多年来，成长股持续跑赢价值股。2020年底价值股一度反超，但之后再次跑输成长股。\n不过价值投资者不必灰心，一项新研究显示，越来越多的证据表明未来几年价值股会跑赢成长股。\n\n价值股指的是那些失宠的股票，它们的股价与利润、销售额和账面价值等指标的比率相对较低，成长股股价与这些指标的比率则相对较高。\n虽然平均而言过去一个世纪价值股跑赢成长股，但过去15年却一反常态地跑输。从2020年秋季开始，价值股开始卷土重来，但在连续几个月的强劲上涨后，最近几周又开始跑输。价值股涨势是已经结束、还是涨势暂停后还会迎来一段持续跑赢成长股的时期是许多人在思考的一个问题。\nAQR Capital Management的一项新研究认为答案是后者。该公司创始人克里夫·阿斯尼斯(Cliff Asness)近日在一次研讨会上重点讨论了这样一个问题：基本面因素能否解释投资者目前对成长股的估值远高于价值股？他的回答是：“不能。”\n为了理解AQR的发现的重要性，首先要指出的是，投资者对成长股利润的预期几乎总是比价值股高，这正是让这类股票成为成长股的原因。问题是成长股的增长能比价值股高多少？估值应该高多少？\n首先来看估值。值得指出的是，价值股之前反超成长股并没有影响投资者对成长股的集体偏好。Yardeni Research的数据显示，标普500指数中成长股的平均市盈率比价值股平均市盈率高11.7个点，几乎是过去10年平均差距的三倍。阿斯尼斯说：“AQR使用了不同的研究方法和对价值股的定义，都得出了相似的估值差距。”\n接下来来看利润。AQR的研究发现，从分析师对利润的预测来看，成长股和价值股之间的差距并不像市盈率差距那么大。分析师的预测显示，目前典型成长股的五年每股收益增幅和价值股之间的对比与历史平均水平基本相同。具体来说，从1990年到2017年，成长股的五年每股收益预期增幅平均比价值股高出4.2个百分点。截至2021年6月30日，这一差距为2.6个百分点。（平均数是2000只全球股票的加权平均数。）\n这些研究表明，利润预期无法解释为什么和价值股相比目前成长股的估值如此高。\n当然，利润增长并不是唯一可以用来区分成长股和价值股的指标，但总的来说，阿斯尼斯发现，当AQR只研究分析师的利润增长预期时，得出的结论都是类似的。\n由于预计成长股和价值股在基本面方面的差距将继续和历史水平保持一致，而二者估值差距大大高于历史水平，因此阿斯尼斯认为价值股“远比成长股更有吸引力。”\nAQR的研究发现，未来五年，成长股的年化每股收益增幅预计平均将比价值股高出2.6个百分点。但更高的利润增幅并不一定会转化为更好的股价表现，这是因为股票的回报取决于它相对于预期的表现。就算成长股的每股收益增长了，但如果增幅低于市场目前的预期，其股价仍然会下跌。\n我们可以做这样一个假设：在一场赛马比赛中，你可以在10匹赛马中的任何一匹上下注，假设最被看好的马最终得了第三名，而预计将获得第十名的马得了第七名，那么如果你把赌注压在后者而不是前者身上，你就能赚更多钱，尽管前者仍比后者跑得快得多。\n必须要强调的一点是，虽然阿斯尼斯认为未来几年价值股将跑赢成长股，但他建议投资者的股票投资组合要多样化，除了价值之外还要考虑其他因素，包括质量和动能等。\n对于希望增持价值股的投资者，ETF可能是最方便、最便宜的方式。想选择大盘价值股的投资者可以考虑Vanguard S&P 500 (VOOV)，这只ETF是同类基金中最便宜的之一，费率为0.10%。想选择中小盘价值股的投资者可以考虑Vanguard Russell 2000 Value (VTWV)，该基金的费率为0.15%。\n个股方面，笔者对Hulbert Financial Digest中业绩最好的投资简报推荐的股票进行了梳理，首先挑选出所有被至少三份业绩最好的投资简报推荐的股票，然后剔除了市盈率、市净率和市销率高于标普500指数的股票。\n表格列出的筛选出的10只股票从上到下按被推荐的次数排列。\n以下是10只由业绩最好的投资简报推荐的股票\n\n注释：数据截至2021年7月20日\n资料来源：Hulbert Ratings；FactSet","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801053118,"gmtCreate":1627475488734,"gmtModify":1703490653767,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Gv me a like pls","listText":"Gv me a like pls","text":"Gv me a like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801053118","repostId":"1174699888","repostType":4,"repost":{"id":"1174699888","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":1627474397,"share":"https://ttm.financial/m/news/1174699888?lang=en_US&edition=fundamental","pubTime":"2021-07-28 20:13","market":"us","language":"zh","title":"Pre-market: Waiting for the Fed's decision! Boeing soared more than 6% before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1174699888","media":"老虎资讯综合","summary":"7月28日，美股三大股指期货涨跌不一，截至发稿，道指期货跌0.02%；标普500指数期货涨0.04%；纳斯达克100指数期货涨0.32%。\n美联储将于北京时间次日凌晨02:00（美国东部时间14:00","content":"<p>On July 28, the three major U.S. stock index futures had mixed gains and losses. As of press time, the Dow futures fell 0.02%; S&P 500 futures rose 0.04%; Nasdaq 100 futures rose 0.32%.</p><p>The Federal Reserve will release its monetary policy statement at 02:00 a.m. Beijing time the next day (14:00 Eastern Time). Federal Reserve Chairman Powell will hold a regular press conference half an hour later. The meeting is expected to reveal information about when to end the bond purchase. More clues on the program and rate hike.</p><p><img src=\"https://static.tigerbbs.com/59b72188ced5727b68473f1a26bd89e7\" tg-width=\"376\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p><b>Premarket Quotes</b></p><p>Some popular Chinese concept stocks stopped falling before the market opened,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 7%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 6%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up more than 6%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up more than 5%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 4%.</p><p>The blockchain sector of U.S. stocks generally rose before the market,<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>Up more than 37%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>、<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>Rose more than 7%.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Google A</a>It rose nearly 4% before the market, and the opening stock price hit a new high. Net profit in the second quarter exceeded US $18 billion, an increase of 166%. Furthermore,<a href=\"https://laohu8.com/S/UBS\">UBS</a>Will<a href=\"https://laohu8.com/S/GOOG\">Google</a>The price target was raised to $3,190 from $2,600.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell nearly 1% before the market and did not provide fiscal year guidance, saying that quarterly revenue would slow down afterwards.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1% before the market, revenue in the second quarter hit a record high, and net profit increased by nearly 50% year-on-year.</p><p><a href=\"https://laohu8.com/S/AMD\">AMD</a>It rose nearly 3% before the market. In the second quarter, revenue was US $3.85 billion and net profit was US $700 million, a year-on-year increase of 352%.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a>It fell more than 3% before the market, and the company lowered its full-year forecast for same-store sales growth in China.</p><p><a href=\"https://laohu8.com/S/RIO\">Rio Tinto</a>It rose more than 2% before the market, doubled its profit in the first half of the year, and Dividend surpassed the whole of last year.</p><p><a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>It rose more than 4% before the market, and the company will buy back up to 500 million pounds of shares.</p><p>Boeing rose more than 6% before the market, and its net profit in the second quarter exceeded expectations.</p><p><b>Premarket earnings</b></p><p><a href=\"https://laohu8.com/NW/1157782795\" target=\"_blank\">Boeing Q2 Revenue $17 Billion, Net Income $567 Million</a></p><p>The financial report shows that revenue in the second quarter was US $17 billion, market expectations were US $16.683 billion, and US $11.807 billion in the same period last year; Net profit in the second quarter was US $567 million, the market expected a net loss of US $151 million, and a net loss of US $2.395 billion in the same period last year; Earnings per share in the second quarter were US $1, compared with market expectations for a loss of US $0.25, and a loss of US $4.2 in the same period last year.</p><p><a href=\"https://laohu8.com/NW/1120839532\" target=\"_blank\">Shopify Q2 Revenue of $1.119 Billion, Net Income of $879 Million</a></p><p>The financial report shows that revenue in the second quarter was US $1.119 billion, market expectations were US $1.040 billion, and US $714 million in the same period last year; The net profit in the second quarter was US $879 million, the market expected a net loss of US $6 million, and the net profit in the same period last year was US $36 million; Earnings per share in the second quarter were $6.9.</p><p><a href=\"https://laohu8.com/NW/1190453627\" target=\"_blank\">McDonald's: Q2 revenue of $5.89 billion exceeded market expectations</a></p><p>The financial report shows: revenue in the second quarter was US $5.888 billion, market expectations were US $5.599 billion, and US $3.762 billion in the same period last year; Net profit in the second quarter was US $2.219 billion, market expectations were US $1.583 billion, and US $483 million in the same period last year; In the second quarter, earnings per share were $2.95, compared with market expectations for a profit of $2.12.</p><p><a href=\"https://laohu8.com/NW/1119916967\" target=\"_blank\">Pfizer: Q2 revenue of $19 billion, exceeding market expectations</a></p><p>The financial report shows that Q2 revenue in 2021 is US $19 billion, market expectations are US $18.79 billion, and US $11.801 billion in the same period last year. In the second quarter, adjusted earnings per share were $1.07, compared with the market estimate of 99 cents. Pfizer expects full-year adjusted earnings per share of $3.95 to $4.05, compared with previous forecasts of $3.55 to $3.65 and market estimates of $3.75.</p><p><a href=\"https://laohu8.com/NW/1120483162\" target=\"_blank\">Spotify Q2 revenue was 2.331 billion euros, and monthly active users increased by 22% to 365 million</a></p><p>The financial report shows that revenue in the second quarter was 2.331 billion euros, market expectations were 2.287 billion euros, and 1.889 billion euros in the same period last year; The net loss in the second quarter was 20 million euros, the market expected a net loss of 73 million euros, and the net loss in the same period last year was 356 million euros; The loss per share in the second quarter was 0.19 euros.</p><p><b>European Market</b></p><p>Major European stock indexes rose across the board. As of press time, Germany's DAX30 index rose 0.22%, Britain's FTSE 100 rose 0.14%, and France's CAC40 rose 0.71%.</p><p><img src=\"https://static.tigerbbs.com/277a0bd109534ee3b98c84de520f8293\" tg-width=\"816\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>U.S. and Burundi oil fluctuated higher. As of press time, WTI crude oil rose 0.7% to $72.15 per barrel; Brent crude oil rose 0.5% to $74.85 a barrel.</p><p>Cautious trading ahead of the Federal Reserve's July interest rate in the evening and concerns about a surge in global Novel Coronavirus cases continue to limit the upside of high-yield crude oil, requiring attention to the evening EIA inventory report.</p><p><img src=\"https://static.tigerbbs.com/3112ab3f5dde66f0867d404490f5610d\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b4ca4d46dc0f54bf47eb5196c3e386c6\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p><b>Gold</b></p><p>Gold prices fell slightly, falling 0.16% to $1,797 an ounce as of press time.</p><p>Markets also expect the Fed to rate hike faster than previously expected until the end of 2024. The Federal Reserve's interest rate decision may be hawkish, which makes gold bulls scruples.</p><p><img src=\"https://static.tigerbbs.com/97e1906b9b44cebd82c1f20701ed10ba\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></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: Waiting for the Fed's decision! Boeing soared more than 6% before the market</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: Waiting for the Fed's decision! Boeing soared more than 6% before the market\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\">2021-07-28 20:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 28, the three major U.S. stock index futures had mixed gains and losses. As of press time, the Dow futures fell 0.02%; S&P 500 futures rose 0.04%; Nasdaq 100 futures rose 0.32%.</p><p>The Federal Reserve will release its monetary policy statement at 02:00 a.m. Beijing time the next day (14:00 Eastern Time). Federal Reserve Chairman Powell will hold a regular press conference half an hour later. The meeting is expected to reveal information about when to end the bond purchase. More clues on the program and rate hike.</p><p><img src=\"https://static.tigerbbs.com/59b72188ced5727b68473f1a26bd89e7\" tg-width=\"376\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p><b>Premarket Quotes</b></p><p>Some popular Chinese concept stocks stopped falling before the market opened,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 7%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 6%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up more than 6%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up more than 5%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 4%.</p><p>The blockchain sector of U.S. stocks generally rose before the market,<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>Up more than 37%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>、<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>Rose more than 7%.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Google A</a>It rose nearly 4% before the market, and the opening stock price hit a new high. Net profit in the second quarter exceeded US $18 billion, an increase of 166%. Furthermore,<a href=\"https://laohu8.com/S/UBS\">UBS</a>Will<a href=\"https://laohu8.com/S/GOOG\">Google</a>The price target was raised to $3,190 from $2,600.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell nearly 1% before the market and did not provide fiscal year guidance, saying that quarterly revenue would slow down afterwards.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1% before the market, revenue in the second quarter hit a record high, and net profit increased by nearly 50% year-on-year.</p><p><a href=\"https://laohu8.com/S/AMD\">AMD</a>It rose nearly 3% before the market. In the second quarter, revenue was US $3.85 billion and net profit was US $700 million, a year-on-year increase of 352%.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a>It fell more than 3% before the market, and the company lowered its full-year forecast for same-store sales growth in China.</p><p><a href=\"https://laohu8.com/S/RIO\">Rio Tinto</a>It rose more than 2% before the market, doubled its profit in the first half of the year, and Dividend surpassed the whole of last year.</p><p><a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>It rose more than 4% before the market, and the company will buy back up to 500 million pounds of shares.</p><p>Boeing rose more than 6% before the market, and its net profit in the second quarter exceeded expectations.</p><p><b>Premarket earnings</b></p><p><a href=\"https://laohu8.com/NW/1157782795\" target=\"_blank\">Boeing Q2 Revenue $17 Billion, Net Income $567 Million</a></p><p>The financial report shows that revenue in the second quarter was US $17 billion, market expectations were US $16.683 billion, and US $11.807 billion in the same period last year; Net profit in the second quarter was US $567 million, the market expected a net loss of US $151 million, and a net loss of US $2.395 billion in the same period last year; Earnings per share in the second quarter were US $1, compared with market expectations for a loss of US $0.25, and a loss of US $4.2 in the same period last year.</p><p><a href=\"https://laohu8.com/NW/1120839532\" target=\"_blank\">Shopify Q2 Revenue of $1.119 Billion, Net Income of $879 Million</a></p><p>The financial report shows that revenue in the second quarter was US $1.119 billion, market expectations were US $1.040 billion, and US $714 million in the same period last year; The net profit in the second quarter was US $879 million, the market expected a net loss of US $6 million, and the net profit in the same period last year was US $36 million; Earnings per share in the second quarter were $6.9.</p><p><a href=\"https://laohu8.com/NW/1190453627\" target=\"_blank\">McDonald's: Q2 revenue of $5.89 billion exceeded market expectations</a></p><p>The financial report shows: revenue in the second quarter was US $5.888 billion, market expectations were US $5.599 billion, and US $3.762 billion in the same period last year; Net profit in the second quarter was US $2.219 billion, market expectations were US $1.583 billion, and US $483 million in the same period last year; In the second quarter, earnings per share were $2.95, compared with market expectations for a profit of $2.12.</p><p><a href=\"https://laohu8.com/NW/1119916967\" target=\"_blank\">Pfizer: Q2 revenue of $19 billion, exceeding market expectations</a></p><p>The financial report shows that Q2 revenue in 2021 is US $19 billion, market expectations are US $18.79 billion, and US $11.801 billion in the same period last year. In the second quarter, adjusted earnings per share were $1.07, compared with the market estimate of 99 cents. Pfizer expects full-year adjusted earnings per share of $3.95 to $4.05, compared with previous forecasts of $3.55 to $3.65 and market estimates of $3.75.</p><p><a href=\"https://laohu8.com/NW/1120483162\" target=\"_blank\">Spotify Q2 revenue was 2.331 billion euros, and monthly active users increased by 22% to 365 million</a></p><p>The financial report shows that revenue in the second quarter was 2.331 billion euros, market expectations were 2.287 billion euros, and 1.889 billion euros in the same period last year; The net loss in the second quarter was 20 million euros, the market expected a net loss of 73 million euros, and the net loss in the same period last year was 356 million euros; The loss per share in the second quarter was 0.19 euros.</p><p><b>European Market</b></p><p>Major European stock indexes rose across the board. As of press time, Germany's DAX30 index rose 0.22%, Britain's FTSE 100 rose 0.14%, and France's CAC40 rose 0.71%.</p><p><img src=\"https://static.tigerbbs.com/277a0bd109534ee3b98c84de520f8293\" tg-width=\"816\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>U.S. and Burundi oil fluctuated higher. As of press time, WTI crude oil rose 0.7% to $72.15 per barrel; Brent crude oil rose 0.5% to $74.85 a barrel.</p><p>Cautious trading ahead of the Federal Reserve's July interest rate in the evening and concerns about a surge in global Novel Coronavirus cases continue to limit the upside of high-yield crude oil, requiring attention to the evening EIA inventory report.</p><p><img src=\"https://static.tigerbbs.com/3112ab3f5dde66f0867d404490f5610d\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b4ca4d46dc0f54bf47eb5196c3e386c6\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p><b>Gold</b></p><p>Gold prices fell slightly, falling 0.16% to $1,797 an ounce as of press time.</p><p>Markets also expect the Fed to rate hike faster than previously expected until the end of 2024. The Federal Reserve's interest rate decision may be hawkish, which makes gold bulls scruples.</p><p><img src=\"https://static.tigerbbs.com/97e1906b9b44cebd82c1f20701ed10ba\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174699888","content_text":"7月28日，美股三大股指期货涨跌不一，截至发稿，道指期货跌0.02%；标普500指数期货涨0.04%；纳斯达克100指数期货涨0.32%。\n美联储将于北京时间次日凌晨02:00（美国东部时间14:00）公布货币政策声明，美联储主席鲍威尔将在半小时后举行例行新闻发布会，此次会议预计将透露有关何时结束购债计划和加息的更多线索。\n\n盘前行情\n部分热门中概股盘前止跌回升，拼多多涨超7%，理想汽车涨超6%，滴滴涨超6%，贝壳涨超5%，小鹏汽车、哔哩哔哩涨超4%。\n美股区块链板块盘前普涨，Bit Digital涨超37%，第九城市涨超12%，亿邦国际、嘉楠科技、Marathon Patent、Riot Blockchain涨超7%。\n谷歌A盘前涨近4%，开盘股价势再创新高。第二季度净利润超180亿美元，大增166%。此外，瑞银将谷歌目标价从2600美元上调至3190美元。\n苹果盘前跌近1%，未提供财年指引，称之后季度营收将放缓。\n微软盘前涨超1%，第二季度营收创历史新高，净利润同比增长近50%。\nAMD盘前涨近3%，第二季度营收38.5亿美元，净利润7亿美元，同比大涨352%。\n星巴克盘前跌超3%，公司下调了对中国同店销售增长的全年预测。\n力拓盘前涨超2%，上半年盈利翻倍，股息超去年全年。\n巴克莱银行盘前涨超4%，公司将回购最多5亿英镑股份。\n波音盘前涨超6%，第二季度净利润大超预期。\n盘前财报\n波音第二季度营收170亿美元，净利润5.67亿美元\n财报显示，第二季度营收170亿美元，市场预期166.83亿美元，去年同期118.07亿美元；第二季度净利润5.67亿美元，市场预期净亏损1.51亿美元，去年同期净亏损23.95亿美元；第二季度每股盈利1美元，市场预期亏损0.25美元，去年同期亏损4.2美元。\nShopify第二季度营收11.19亿美元，净利润8.79亿美元\n财报显示，第二季度营收11.19亿美元，市场预期10.40亿美元，去年同期7.14亿美元；第二季度净利润8.79亿美元，市场预期净亏损0.06亿美元，去年同期净利润0.36亿美元；第二季度每股盈利6.9美元。\n麦当劳：Q2营收58.9亿美元，超出市场预期\n财报显示：第二季度营收58.88亿美元，市场预期55.99亿美元，去年同期37.62亿美元；第二季度净利润22.19亿美元，市场预期15.83亿美元，去年同期4.83亿美元；第二季度每股盈利2.95美元，市场预期盈利2.12美元。\n辉瑞：Q2营收190亿美元，超出市场预期\n财报显示：2021年Q2 营收190亿美元，市场预期187.9亿美元，去年同期为118.01亿美元。第二季度调整后每股收益1.07美元，市场预估99美分。辉瑞预计全年调整后每股收益3.95美元至4.05美元，此前预测3.55美元至3.65美元，市场预估3.75美元。\nSpotify Q2营收23.31亿欧元，月活数增长22%至3.65亿\n财报显示，第二季度营收23.31亿欧元，市场预期22.87亿欧元，去年同期18.89亿欧元；第二季度净亏损0.2亿欧元，市场预期净亏损0.73亿欧元，去年同期净亏损3.56亿欧元；第二季度每股亏损0.19欧元。\n欧洲市场\n欧洲主要股指全线上涨，截至发稿，德国DAX30指数涨0.22%，英国富时100涨0.14%、法国CAC40涨0.71%。\n\n原油\n美、布两油震荡走高，截止发稿，WTI原油涨0.7%，报72.15美元/桶；布伦特原油涨0.5%，报74.85美元/桶。\n晚间美联储7月利率前的谨慎交易和对全球新冠病毒病例激增的担忧，继续限制了高收益原油的上行空间，令需留意晚间EIA库存报告。\n\n黄金\n金价小幅下跌，截止发稿，跌0.16%，报1797美元/盎司。\n市场还预计美联储将以快于此前预期的速度加息，直至2024年底。美联储利率决议可能偏向鹰派，这令黄金多头有所顾忌。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809942834,"gmtCreate":1627345719628,"gmtModify":1703487954808,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"[Cry]&nbsp;[Cry]&nbsp;[Cry]&nbsp;","listText":"[Cry]&nbsp;[Cry]&nbsp;[Cry]&nbsp;","text":"[Cry] 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[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174567971","repostId":"1151500518","repostType":4,"repost":{"id":"1151500518","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627092269,"share":"https://ttm.financial/m/news/1151500518?lang=en_US&edition=fundamental","pubTime":"2021-07-24 10:04","market":"us","language":"en","title":"Tencent was ordered to remove the exclusive copyright of online music","url":"https://stock-news.laohu8.com/highlight/detail?id=1151500518","media":"Tiger Newspress","summary":"The China market supervision administration made an administrative punishment decision according to ","content":"<p>The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.</p>\n<p>This case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.</p>\n<p>Tencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.</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>Tencent was ordered to remove the exclusive copyright of online music</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\">\nTencent was ordered to remove the exclusive copyright of online music\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-24 10:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.</p>\n<p>This case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.</p>\n<p>Tencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TME":"腾讯音乐","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151500518","content_text":"The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.\nThis case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.\nTencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.","news_type":1,"symbols_score_info":{"00700":0.9,"TME":0.9}},"isVote":1,"tweetType":1,"viewCount":1223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174050512,"gmtCreate":1627053617236,"gmtModify":1703483504189,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"no","listText":"no","text":"no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174050512","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176154365,"gmtCreate":1626874040957,"gmtModify":1703479665317,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>????","listText":"<a href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>????","text":"$STI ETF(ES3.SI)$????","images":[{"img":"https://static.tigerbbs.com/6642667a71931212a7df9d60f7e13375","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176154365","isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":171045378,"gmtCreate":1626699403694,"gmtModify":1703763547586,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"?????","listText":"?????","text":"?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171045378","repostId":"2152122653","repostType":4,"repost":{"id":"2152122653","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626698208,"share":"https://ttm.financial/m/news/2152122653?lang=en_US&edition=fundamental","pubTime":"2021-07-19 20:36","market":"fut","language":"en","title":"Lower oil prices prompt hedge fund short-covering: Kemp","url":"https://stock-news.laohu8.com/highlight/detail?id=2152122653","media":"Reuters","summary":"LONDON, July 19 (Reuters) - Faltering oil prices, triggered by concern over a third wave of the nove","content":"<p>LONDON, July 19 (Reuters) - Faltering oil prices, triggered by concern over a third wave of the novel coronavirus and increased confidence OPEC+ would boost production, gave portfolio managers a chance to book profits on tactical short positions.</p>\n<p>Hedge funds and other money managers purchased the equivalent of 24 million barrels in the six most important petroleum futures and options contracts in the week to July 13 ().</p>\n<p>The buying partially reversed larger sales of 63 million barrels the week before, position records published by ICE Futures Europe and the U.S. Commodity Futures Trading Commission show.</p>\n<p>But most of the buying consisted of repurchases of previous short sales (+15 million barrels) rather than the initiation of new long positions (+8 million), implying it was motivated by profit-taking after prices fell.</p>\n<p>Purchases were spread across NYMEX and ICE WTI (+11 million barrels), Brent (+9 million), U.S. gasoline (+4 million) and U.S. diesel (+3 million), but there were sales of European gas oil (-4 million).</p>\n<p>On balance, portfolio managers remain bullish, with the net position (901 million barrels) in the 81st percentile and ratio of long to short positions (5.74:1) in the 77th percentile for all weeks since 2013.</p>\n<p>But there has been little additional strategic buying since the middle of February, when benchmark Brent futures were already trading at $63 per barrel, compared with around $72 in mid-July.</p>\n<p>As a result, the net position across all six contracts has cycled around 875 million barrels +/- 75 million barrels for the last five months with no discernable trend.</p>\n<p>Bullishness about output restraint by OPEC+ and U.S. shale producers and the resulting drawdown in inventories has been tempered by worries about resurgent coronavirus cases and their impact on the recovery in oil consumption.</p>\n<p>This basic balance has remained intact through all the diplomatic drama over how quickly OPEC+ would increase production and disputes about baselines for output allocations.</p>\n<p>(Editing by Barbara Lewis)</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>Lower oil prices prompt hedge fund short-covering: Kemp</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{ 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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\">\nLower oil prices prompt hedge fund short-covering: Kemp\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-19 20:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, July 19 (Reuters) - Faltering oil prices, triggered by concern over a third wave of the novel coronavirus and increased confidence OPEC+ would boost production, gave portfolio managers a chance to book profits on tactical short positions.</p>\n<p>Hedge funds and other money managers purchased the equivalent of 24 million barrels in the six most important petroleum futures and options contracts in the week to July 13 ().</p>\n<p>The buying partially reversed larger sales of 63 million barrels the week before, position records published by ICE Futures Europe and the U.S. Commodity Futures Trading Commission show.</p>\n<p>But most of the buying consisted of repurchases of previous short sales (+15 million barrels) rather than the initiation of new long positions (+8 million), implying it was motivated by profit-taking after prices fell.</p>\n<p>Purchases were spread across NYMEX and ICE WTI (+11 million barrels), Brent (+9 million), U.S. gasoline (+4 million) and U.S. diesel (+3 million), but there were sales of European gas oil (-4 million).</p>\n<p>On balance, portfolio managers remain bullish, with the net position (901 million barrels) in the 81st percentile and ratio of long to short positions (5.74:1) in the 77th percentile for all weeks since 2013.</p>\n<p>But there has been little additional strategic buying since the middle of February, when benchmark Brent futures were already trading at $63 per barrel, compared with around $72 in mid-July.</p>\n<p>As a result, the net position across all six contracts has cycled around 875 million barrels +/- 75 million barrels for the last five months with no discernable trend.</p>\n<p>Bullishness about output restraint by OPEC+ and U.S. shale producers and the resulting drawdown in inventories has been tempered by worries about resurgent coronavirus cases and their impact on the recovery in oil consumption.</p>\n<p>This basic balance has remained intact through all the diplomatic drama over how quickly OPEC+ would increase production and disputes about baselines for output allocations.</p>\n<p>(Editing by Barbara Lewis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF","SCO":"二倍做空彭博原油指数ETF","DDG":"ProShares做空石油与天然气ETF","DWT":"三倍做空原油ETN","DUG":"二倍做空石油与天然气ETF(ProShares)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152122653","content_text":"LONDON, July 19 (Reuters) - Faltering oil prices, triggered by concern over a third wave of the novel coronavirus and increased confidence OPEC+ would boost production, gave portfolio managers a chance to book profits on tactical short positions.\nHedge funds and other money managers purchased the equivalent of 24 million barrels in the six most important petroleum futures and options contracts in the week to July 13 ().\nThe buying partially reversed larger sales of 63 million barrels the week before, position records published by ICE Futures Europe and the U.S. Commodity Futures Trading Commission show.\nBut most of the buying consisted of repurchases of previous short sales (+15 million barrels) rather than the initiation of new long positions (+8 million), implying it was motivated by profit-taking after prices fell.\nPurchases were spread across NYMEX and ICE WTI (+11 million barrels), Brent (+9 million), U.S. gasoline (+4 million) and U.S. diesel (+3 million), but there were sales of European gas oil (-4 million).\nOn balance, portfolio managers remain bullish, with the net position (901 million barrels) in the 81st percentile and ratio of long to short positions (5.74:1) in the 77th percentile for all weeks since 2013.\nBut there has been little additional strategic buying since the middle of February, when benchmark Brent futures were already trading at $63 per barrel, compared with around $72 in mid-July.\nAs a result, the net position across all six contracts has cycled around 875 million barrels +/- 75 million barrels for the last five months with no discernable trend.\nBullishness about output restraint by OPEC+ and U.S. shale producers and the resulting drawdown in inventories has been tempered by worries about resurgent coronavirus cases and their impact on the recovery in oil consumption.\nThis basic balance has remained intact through all the diplomatic drama over how quickly OPEC+ would increase production and disputes about baselines for output allocations.\n(Editing by Barbara Lewis)","news_type":1,"symbols_score_info":{"BZmain":0.9,"USO":0.9,"CLmain":0.9,"DUG":0.9,"DDG":0.9,"QMmain":0.9,"SCO":0.9,"DWT":0.9,"UCO":0.9}},"isVote":1,"tweetType":1,"viewCount":1122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171046652,"gmtCreate":1626699300976,"gmtModify":1703763545472,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>????","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>????","text":"$NIO Inc.(NIO)$????","images":[{"img":"https://static.tigerbbs.com/3ba959c58afa347c2900f62f6b3213e6","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171046652","isVote":1,"tweetType":1,"viewCount":847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":179684702,"gmtCreate":1626518958706,"gmtModify":1703761393520,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"☹️☹️☹️☹️","listText":"☹️☹️☹️☹️","text":"☹️☹️☹️☹️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179684702","repostId":"1185087957","repostType":4,"repost":{"id":"1185087957","kind":"news","weMediaInfo":{"introduction":"数据宝——中国股市大数据新媒体领先品牌，让您用手机也能从海量数据中获得有用的决策信息支持，数据是个宝，炒股不烦恼！","home_visible":1,"media_name":"数据宝","id":"41","head_image":"https://static.tigerbbs.com/462b2cc98f70412d82b85c0c4f356ccc"},"pubTimestamp":1626496845,"share":"https://ttm.financial/m/news/1185087957?lang=en_US&edition=fundamental","pubTime":"2021-07-17 12:40","market":"us","language":"zh","title":"One of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185087957","media":"数据宝","summary":"美国三大股指再创新高的新闻再次刷屏。\n\n纵观历史，美国股市自2009年以来基本处于连续上涨的态势，纳斯达克指数累计涨幅超8倍，位列全球第一，三大股指领跑全球，是谁在推动股市上涨，美国股市持续走牛的内在","content":"<p>The news that the three major U.S. stock indexes hit new highs has once again swept the screen. Throughout history, the U.S. stock market has basically been in a continuous upward trend since 2009. The Nasdaq index has increased by more than 8 times, ranking first in the world. The three major stock indexes lead the world. Who is driving the stock market up?<b>What are the internal factors behind the continued bullish trend of the U.S. stock market?</b></p><p><b>The three major U.S. stock indexes in the past 13 years</b></p><p><b>The cumulative increase ranks among the top three in the world</b></p><p>After the financial crisis in 2008, the global stock market started a 13-year volatile rise. From the beginning of 2009 to July 9, 2021, the cumulative increase of 17 important indexes around the world has all exceeded 60% (Note: Due to different inflation rates in various countries, the article compares the stock indexes of various countries after conversion in US dollars), among which<b>The three major U.S. stock indexes all rose by more than 2.9 times, ranking among the top three in the world, and the Nasdaq index dominated the world with an increase of 8.32 times.</b></p><p>China's CSI 300 Index has increased by nearly 1.8 times since 2009, and the CSI 300 Index converted according to the central parity rate of the US dollar against the RMB has increased by more than 1.9 times during the same period. Sharp-eyed investors may have noticed that the cumulative increase of India's SENSEX30 index has reached 443%, far exceeding the A-share index. However, India's inflation is extremely serious (the cumulative inflation rate has reached 60% since 2012). After conversion in US dollars, the cumulative increase and decrease in the range has dropped to 1.1 times. The performance of the A-share index is not inferior to that of India as the market says.</p><p>From the perspective of annualized rate of return,<b>The annualized return of the Nasdaq exceeds 20%, and the annualized return of the Dow and S&P 500 exceeds 13%.</b>, the return on investment is quite high. According to a research report, stocks have been one of the best performing assets in the past 100 years, and the other asset is real estate.</p><p><img src=\"https://static.tigerbbs.com/1d5ead3651dca9e64e6e49461789f700\" tg-width=\"1080\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p><p><b>18 stocks have been in the Dow for more than 13 years</b></p><p><b>The cumulative increase averages more than 550%</b></p><p>As one of the market indexes with a history of more than 120 years, the Dow Jones Industrial Average (Note: hereinafter referred to as \"Dow\", due to the limitation of data extraction, the Dow is mainly analyzed in this paper) is not only a barometer of the American economy, but also a weather vane of the world stock market. Its rise and fall and the changes of 30 constituent stocks affect the global capital market, and these 30 constituent stocks are basically the leaders of the American economy and industry.</p><p>Since 2009, the Dow has adjusted positions 8 times; After the outbreak of the COVID-19 pandemic, the new economy shined brilliantly. In 2020 and 2021, the Dow adjusted three constituent stocks, with large changes. Judging from the latest list,<b>The total market value of the 30 stocks is US $10.9 trillion, accounting for nearly 17% of the total market value of the US stock market.</b>Among them, 18 stocks have been in the Dow for more than 13 years, and 3 stocks have been in the Dow for more than 30 years, namely<b><a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>、<a href=\"https://laohu8.com/S/DIS\">Disney</a></b>(b)<b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b>。</p><p>The constituent stocks that can be favored by the Dow Jones Industrial Average have performed well in the market. Databao statistics show that among the latest constituent stocks, the above 18 constituent stocks have an average increase of 577.32% since 2009, and the average annualized rate of return exceeds 18%.<b><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, Microsoft Corporation</b>(b)<b><a href=\"https://laohu8.com/S/AXP\">American Express</a></b>The cumulative increase in the range exceeds 10 times. During the same period, other U.S. stocks (listed before 2009) rose by only 275%, less than half of the increase of Dow constituent stocks.</p><p>June 8, 2009,<b><a href=\"https://laohu8.com/S/CSCO\">Cisco</a></b>(b)<b>Traveller</b>The newly included Dow Jones Industrial Average has increased by an average of 3.2 times since its inclusion, and the average annualized rate of return is close to 16%. The rest of the U.S. stocks have only increased by 2.4 times during the same period; Newly included on June 26, 2018<b><a href=\"https://laohu8.com/S/GE\">General Electric</a></b>, the company's stock price fell after inclusion, which is rare among Dow constituent stocks.</p><p><img src=\"https://static.tigerbbs.com/0fb7afaaec3f68357c406050caee37f8\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>The constituent stocks that were eliminated were forced out due to changes in economic form, and the market performance was unsatisfactory. Statistics show that before and after the elimination, the rise and fall of this type of stock mostly underperformed the Dow in the same period. In the first 10 days, the Dow rose by an average of 2.26%, and the excluded stocks fell by an average of 1.87% in the same period; On the 10 days after the exclusion, the excluded stocks fell by an average of 3%, and the Dow fell by an average of 1.84% over the same period.</p><p><img src=\"https://static.tigerbbs.com/e2b4e261cab6b7365a550226d250d4fd\" tg-width=\"1080\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p><b>Dow significantly raises weight of new economy companies</b></p><p>What is the Dow industry allocation? According to the compilation method of the Dow Jones Industrial Average, weighted by stock prices, after calculating the weights of each industry, it is found that,<b>The weight of new economic types of enterprises has been raised, and the weight of traditional types of enterprises has been greatly lowered</b>。 From the beginning of 2009 to the latest position adjustment in 2021, the weight increase includes<b>Healthcare, Information Technology, Finance, Optional Consumption</b>(b)<b>Material</b>In other five industries, the total latest weights of the five industries raised reached 73.16%, an increase of nearly 32 percentage points from the beginning of 2009.</p><p>among<b>Information Technology</b>The industry weight has been raised from 14.07% in early 2009 to the current 21.86%.<b>Healthcare</b>The industry weight has been raised from 9.82% in early 2009 to the current 17.09%;<b>Daily consumption</b>The industry weight has been lowered from 17.29% in early 2009 to the current 7.16%. The energy industry's<b><a href=\"https://laohu8.com/S/CVX\">Chevron</a></b>(b)<b><a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a></b>The total weight of the Group has dropped from 14% in early 2009 to 1.96% currently.</p><p><img src=\"https://static.tigerbbs.com/682ce19c2229475ddf03c493dd8befd3\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p><p><b>Four major factors driving U.S. stock indexes up revealed</b></p><p>There is not much mystery in the compilation of the Dow Jones Industrial Average, just because its selection of constituent stocks is very strict, which makes the U.S. stock index a \"reference\" for global stock markets. Looking around the world, the U.S. stock index is one of the few indexes that can maintain a continuous rise, and it still outperforms other indexes in the falling market. After the COVID-19 pandemic broke out, the trend of the three major U.S. stock indexes remained strong, hitting record highs in a row.<b>What exactly is driving the stock market up?</b></p><p><b>1. Changes in Dow divisors trigger butterfly effect</b></p><p>From the perspective of the Dow compilation itself, the Dow point is equal to the sum of constituent stock prices divided by the Dow divisor. The Dow divisor is used to determine the influence of any of the 30 constituent stocks of the Dow. When the Dow adjusts positions or the constituent stocks are split or merged, the Dow divisor will change. From the calculation formula itself, the Dow divisor has a significant butterfly effect. When the Dow divisor decreases, the Dow point rises accordingly.</p><p>According to data released by the Wall Street Journal, the number of decreases in the divisor of the Dow has not been many. On August 13, 2012, the divisor of the Dow fell to 0.129147, the lowest level since 2009; The Dow divisor was 0.147 in April 2019 and rose to 0.152 in August 2020. After the latest position adjustment, the divisor of the Dow Jones Industrial Average dropped to 0.138197, that is, for every $1 increase in the price of constituent stocks, the index will increase by 7.24 points.</p><p><b>2. New economies such as financial technology boosted the Dow's rise</b></p><p>In order to ensure the stability of the index, the Dow pays great attention to the consideration of industry allocation. According to the compilation method of Dow Jones Industrial Average, the weight of each industry is calculated according to the stock price;<b>The weights of new economic enterprises such as finance and technology with better market performance have been raised, while the weights of traditional enterprises have been significantly reduced.</b></p><p>In fact, the Shanghai and Shenzhen 300 Index also raised the weights of the technology and financial sectors during the same period, which was quite effective in promoting the index to rise. Comparing the trends of the Dow Jones Industrial Average and the CSI 300 Index, it is found that the gap between the two has widened since February 2016. According to the time point of the Dow's position adjustment, it is divided into February 1, 2016 to June 25, 2018 (interval 1), June 26, 2018 to April 1, 2019 (interval 2), April 2, 2019 to August 30, 2020 (interval 3), August 31, 2020 to July 7, 2021 (interval 4), a total of 4 intervals.</p><p>The CSI 300 only underperformed the Dow in Range 1 and Range 4. In interval 1, the electricity of the Dow<b>Credit services, industry, finance</b>(b)<b>Information Technology</b>Significantly outperformed the CSI 300 Index and the same industry index, the CSI 300 Index's<b>Daily consumption</b>And medical<b>Healthcare</b>Industry outperformed significantly; Range 4, CSI 300 Index<b>Telecommunications services, finance</b>(b)<b>Information Technology</b>Significantly underperformed the Dow industry.</p><p><img src=\"https://static.tigerbbs.com/37b546f254ce874032220177b12e1c09\" tg-width=\"1020\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><b>3. Low valuation, low volatility, and high return support the steady rise of the index</b></p><p>If the above two points are indirect factors affecting the rise and fall of the Dow,<b>The price changes of the constituent stocks of the Dow Jones Industrial Average can be considered as the direct cause of the index</b>, the 18 stocks that have been in the Dow Jones Industrial Average for more than 13 years have risen far more than the Dow Jones Industrial Average, with a total weight of over 60%.</p><p>Among them, the latest weight of 7 shares has increased compared with the beginning of 2009, from 20.5% to the current 32.32%. The largest stock price increase<b>Home Depot</b>The weight increased to 6.7%, an increase of more than 4 percentage points from the beginning of 2009, the second largest increase<b>Microsoft Corporation</b>The latest weight is close to 6%. From 2009 to now, the annualized rate of return of these seven companies has all exceeded 20%, which has become the core driving force for the Dow's rise.</p><p><img src=\"https://static.tigerbbs.com/5ef00051c7b8c3aa15696359e36cd800\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>CSI 300,<b>Telecommunications services</b>Constituent stocks have been dragging down the index trend. Judging from the performance of telecommunications service stocks in the range 4 and CSI 300,<b><a href=\"https://laohu8.com/S/600050\">China Unicom</a>、<a href=\"https://laohu8.com/S/601698\">China Satcom</a></b>From August 31, 2020 to July 7, 2021, they fell by 18.44% and 34.43% respectively. The decline in performance may be the main reason for the decline in stock prices.</p><p>In contrast, the performance growth of Dow constituent stocks is relatively stable. Comparing the latest fundamentals of the two index constituent stocks, the median valuation and median annualized volatility of the Dow constituent stocks (since 2009) are lower than those of the CSI 300 constituent stocks, and the return on investment (return on net assets) is twice that of the CSI 300 constituent stocks. The constituent stocks with low valuation, low volatility and high return support the steady rise of the index, so the annualized rate of return of the Dow far exceeds that of the CSI 300.</p><p><img src=\"https://static.tigerbbs.com/e17f21acfd2c5a7514d4a4dc0eee8563\" tg-width=\"1080\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p><p><b>4. Under the large release of water, huge amounts of funds flow into the stock market</b></p><p>External macro factors cannot be ignored.<b>Relevant data show that the Federal Reserve's previous large releases of water have stimulated the stock market to rise</b>。 After the outbreak of COVID-19 pandemic, it became the norm for the United States to release water. According to data from Vanda Research, an independent research firm, in June 2021, U.S. retail investors bought a net of approximately US $28 billion in stocks and equity funds, setting a new high in monthly inflows since 2014. Did the currency released by the United States also flow into the stock market?</p><p>Comparing the monthly data of Dow Jones Industrial Average and U.S. broad money (M2), it is found that the correlation between the two is as high as 0.96. This indicates that the more M2 is released, the higher the Dow point; Under the large-scale release of water in the United States, a large amount of funds flowed into the stock market, and the large-scale release of water became an important factor driving the continuous rise of the U.S. stock market.</p><p>Specifically, in 2020, the United States released US $212.17 trillion in currency (M2), a year-on-year increase of 19.14%, and the growth rate reached a record high. In the same year, US investors net bought US $368.312 billion in US stocks, a year-on-year increase. At the end of 2020, the Dow Jones Industrial Average closed 30606.48 points; In the first four months of 2021, the United States released US $64 trillion in M2, a year-on-year increase of 23.77%. During the same period, US investors bought a net 44.792 billion yuan in US stocks. At the end of April 2021, the Dow Jones Industrial Average rose to 33,874.85 points.</p><p>Not only the United States, but also global assets are frantically flowing into the securities market, and A shares are no exception. It is reported that in the first half of 2021, the scale of funds flowing into global stock funds reached US $580 billion, a record high. After the COVID-19 pandemic, A-shares became a safe haven for global assets; Up to now, the net purchase of A shares through northbound capital channels during the year has reached 216.8 billion yuan, exceeding the level of the whole year of 2020;<b>The market value of A shares held through QFII channels (at the end of 2020) exceeded 270 billion yuan, a record high.</b></p><p><img src=\"https://static.tigerbbs.com/1eb9fc8dc982890f305777c22a2bfc11\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></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>One of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?</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\">\nOne of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/41\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/462b2cc98f70412d82b85c0c4f356ccc);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">数据宝 </p>\n<p class=\"h-time smaller\">2021-07-17 12:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The news that the three major U.S. stock indexes hit new highs has once again swept the screen. Throughout history, the U.S. stock market has basically been in a continuous upward trend since 2009. The Nasdaq index has increased by more than 8 times, ranking first in the world. The three major stock indexes lead the world. Who is driving the stock market up?<b>What are the internal factors behind the continued bullish trend of the U.S. stock market?</b></p><p><b>The three major U.S. stock indexes in the past 13 years</b></p><p><b>The cumulative increase ranks among the top three in the world</b></p><p>After the financial crisis in 2008, the global stock market started a 13-year volatile rise. From the beginning of 2009 to July 9, 2021, the cumulative increase of 17 important indexes around the world has all exceeded 60% (Note: Due to different inflation rates in various countries, the article compares the stock indexes of various countries after conversion in US dollars), among which<b>The three major U.S. stock indexes all rose by more than 2.9 times, ranking among the top three in the world, and the Nasdaq index dominated the world with an increase of 8.32 times.</b></p><p>China's CSI 300 Index has increased by nearly 1.8 times since 2009, and the CSI 300 Index converted according to the central parity rate of the US dollar against the RMB has increased by more than 1.9 times during the same period. Sharp-eyed investors may have noticed that the cumulative increase of India's SENSEX30 index has reached 443%, far exceeding the A-share index. However, India's inflation is extremely serious (the cumulative inflation rate has reached 60% since 2012). After conversion in US dollars, the cumulative increase and decrease in the range has dropped to 1.1 times. The performance of the A-share index is not inferior to that of India as the market says.</p><p>From the perspective of annualized rate of return,<b>The annualized return of the Nasdaq exceeds 20%, and the annualized return of the Dow and S&P 500 exceeds 13%.</b>, the return on investment is quite high. According to a research report, stocks have been one of the best performing assets in the past 100 years, and the other asset is real estate.</p><p><img src=\"https://static.tigerbbs.com/1d5ead3651dca9e64e6e49461789f700\" tg-width=\"1080\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p><p><b>18 stocks have been in the Dow for more than 13 years</b></p><p><b>The cumulative increase averages more than 550%</b></p><p>As one of the market indexes with a history of more than 120 years, the Dow Jones Industrial Average (Note: hereinafter referred to as \"Dow\", due to the limitation of data extraction, the Dow is mainly analyzed in this paper) is not only a barometer of the American economy, but also a weather vane of the world stock market. Its rise and fall and the changes of 30 constituent stocks affect the global capital market, and these 30 constituent stocks are basically the leaders of the American economy and industry.</p><p>Since 2009, the Dow has adjusted positions 8 times; After the outbreak of the COVID-19 pandemic, the new economy shined brilliantly. In 2020 and 2021, the Dow adjusted three constituent stocks, with large changes. Judging from the latest list,<b>The total market value of the 30 stocks is US $10.9 trillion, accounting for nearly 17% of the total market value of the US stock market.</b>Among them, 18 stocks have been in the Dow for more than 13 years, and 3 stocks have been in the Dow for more than 30 years, namely<b><a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>、<a href=\"https://laohu8.com/S/DIS\">Disney</a></b>(b)<b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b>。</p><p>The constituent stocks that can be favored by the Dow Jones Industrial Average have performed well in the market. Databao statistics show that among the latest constituent stocks, the above 18 constituent stocks have an average increase of 577.32% since 2009, and the average annualized rate of return exceeds 18%.<b><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, Microsoft Corporation</b>(b)<b><a href=\"https://laohu8.com/S/AXP\">American Express</a></b>The cumulative increase in the range exceeds 10 times. During the same period, other U.S. stocks (listed before 2009) rose by only 275%, less than half of the increase of Dow constituent stocks.</p><p>June 8, 2009,<b><a href=\"https://laohu8.com/S/CSCO\">Cisco</a></b>(b)<b>Traveller</b>The newly included Dow Jones Industrial Average has increased by an average of 3.2 times since its inclusion, and the average annualized rate of return is close to 16%. The rest of the U.S. stocks have only increased by 2.4 times during the same period; Newly included on June 26, 2018<b><a href=\"https://laohu8.com/S/GE\">General Electric</a></b>, the company's stock price fell after inclusion, which is rare among Dow constituent stocks.</p><p><img src=\"https://static.tigerbbs.com/0fb7afaaec3f68357c406050caee37f8\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>The constituent stocks that were eliminated were forced out due to changes in economic form, and the market performance was unsatisfactory. Statistics show that before and after the elimination, the rise and fall of this type of stock mostly underperformed the Dow in the same period. In the first 10 days, the Dow rose by an average of 2.26%, and the excluded stocks fell by an average of 1.87% in the same period; On the 10 days after the exclusion, the excluded stocks fell by an average of 3%, and the Dow fell by an average of 1.84% over the same period.</p><p><img src=\"https://static.tigerbbs.com/e2b4e261cab6b7365a550226d250d4fd\" tg-width=\"1080\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p><b>Dow significantly raises weight of new economy companies</b></p><p>What is the Dow industry allocation? According to the compilation method of the Dow Jones Industrial Average, weighted by stock prices, after calculating the weights of each industry, it is found that,<b>The weight of new economic types of enterprises has been raised, and the weight of traditional types of enterprises has been greatly lowered</b>。 From the beginning of 2009 to the latest position adjustment in 2021, the weight increase includes<b>Healthcare, Information Technology, Finance, Optional Consumption</b>(b)<b>Material</b>In other five industries, the total latest weights of the five industries raised reached 73.16%, an increase of nearly 32 percentage points from the beginning of 2009.</p><p>among<b>Information Technology</b>The industry weight has been raised from 14.07% in early 2009 to the current 21.86%.<b>Healthcare</b>The industry weight has been raised from 9.82% in early 2009 to the current 17.09%;<b>Daily consumption</b>The industry weight has been lowered from 17.29% in early 2009 to the current 7.16%. The energy industry's<b><a href=\"https://laohu8.com/S/CVX\">Chevron</a></b>(b)<b><a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a></b>The total weight of the Group has dropped from 14% in early 2009 to 1.96% currently.</p><p><img src=\"https://static.tigerbbs.com/682ce19c2229475ddf03c493dd8befd3\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p><p><b>Four major factors driving U.S. stock indexes up revealed</b></p><p>There is not much mystery in the compilation of the Dow Jones Industrial Average, just because its selection of constituent stocks is very strict, which makes the U.S. stock index a \"reference\" for global stock markets. Looking around the world, the U.S. stock index is one of the few indexes that can maintain a continuous rise, and it still outperforms other indexes in the falling market. After the COVID-19 pandemic broke out, the trend of the three major U.S. stock indexes remained strong, hitting record highs in a row.<b>What exactly is driving the stock market up?</b></p><p><b>1. Changes in Dow divisors trigger butterfly effect</b></p><p>From the perspective of the Dow compilation itself, the Dow point is equal to the sum of constituent stock prices divided by the Dow divisor. The Dow divisor is used to determine the influence of any of the 30 constituent stocks of the Dow. When the Dow adjusts positions or the constituent stocks are split or merged, the Dow divisor will change. From the calculation formula itself, the Dow divisor has a significant butterfly effect. When the Dow divisor decreases, the Dow point rises accordingly.</p><p>According to data released by the Wall Street Journal, the number of decreases in the divisor of the Dow has not been many. On August 13, 2012, the divisor of the Dow fell to 0.129147, the lowest level since 2009; The Dow divisor was 0.147 in April 2019 and rose to 0.152 in August 2020. After the latest position adjustment, the divisor of the Dow Jones Industrial Average dropped to 0.138197, that is, for every $1 increase in the price of constituent stocks, the index will increase by 7.24 points.</p><p><b>2. New economies such as financial technology boosted the Dow's rise</b></p><p>In order to ensure the stability of the index, the Dow pays great attention to the consideration of industry allocation. According to the compilation method of Dow Jones Industrial Average, the weight of each industry is calculated according to the stock price;<b>The weights of new economic enterprises such as finance and technology with better market performance have been raised, while the weights of traditional enterprises have been significantly reduced.</b></p><p>In fact, the Shanghai and Shenzhen 300 Index also raised the weights of the technology and financial sectors during the same period, which was quite effective in promoting the index to rise. Comparing the trends of the Dow Jones Industrial Average and the CSI 300 Index, it is found that the gap between the two has widened since February 2016. According to the time point of the Dow's position adjustment, it is divided into February 1, 2016 to June 25, 2018 (interval 1), June 26, 2018 to April 1, 2019 (interval 2), April 2, 2019 to August 30, 2020 (interval 3), August 31, 2020 to July 7, 2021 (interval 4), a total of 4 intervals.</p><p>The CSI 300 only underperformed the Dow in Range 1 and Range 4. In interval 1, the electricity of the Dow<b>Credit services, industry, finance</b>(b)<b>Information Technology</b>Significantly outperformed the CSI 300 Index and the same industry index, the CSI 300 Index's<b>Daily consumption</b>And medical<b>Healthcare</b>Industry outperformed significantly; Range 4, CSI 300 Index<b>Telecommunications services, finance</b>(b)<b>Information Technology</b>Significantly underperformed the Dow industry.</p><p><img src=\"https://static.tigerbbs.com/37b546f254ce874032220177b12e1c09\" tg-width=\"1020\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><b>3. Low valuation, low volatility, and high return support the steady rise of the index</b></p><p>If the above two points are indirect factors affecting the rise and fall of the Dow,<b>The price changes of the constituent stocks of the Dow Jones Industrial Average can be considered as the direct cause of the index</b>, the 18 stocks that have been in the Dow Jones Industrial Average for more than 13 years have risen far more than the Dow Jones Industrial Average, with a total weight of over 60%.</p><p>Among them, the latest weight of 7 shares has increased compared with the beginning of 2009, from 20.5% to the current 32.32%. The largest stock price increase<b>Home Depot</b>The weight increased to 6.7%, an increase of more than 4 percentage points from the beginning of 2009, the second largest increase<b>Microsoft Corporation</b>The latest weight is close to 6%. From 2009 to now, the annualized rate of return of these seven companies has all exceeded 20%, which has become the core driving force for the Dow's rise.</p><p><img src=\"https://static.tigerbbs.com/5ef00051c7b8c3aa15696359e36cd800\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>CSI 300,<b>Telecommunications services</b>Constituent stocks have been dragging down the index trend. Judging from the performance of telecommunications service stocks in the range 4 and CSI 300,<b><a href=\"https://laohu8.com/S/600050\">China Unicom</a>、<a href=\"https://laohu8.com/S/601698\">China Satcom</a></b>From August 31, 2020 to July 7, 2021, they fell by 18.44% and 34.43% respectively. The decline in performance may be the main reason for the decline in stock prices.</p><p>In contrast, the performance growth of Dow constituent stocks is relatively stable. Comparing the latest fundamentals of the two index constituent stocks, the median valuation and median annualized volatility of the Dow constituent stocks (since 2009) are lower than those of the CSI 300 constituent stocks, and the return on investment (return on net assets) is twice that of the CSI 300 constituent stocks. The constituent stocks with low valuation, low volatility and high return support the steady rise of the index, so the annualized rate of return of the Dow far exceeds that of the CSI 300.</p><p><img src=\"https://static.tigerbbs.com/e17f21acfd2c5a7514d4a4dc0eee8563\" tg-width=\"1080\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p><p><b>4. Under the large release of water, huge amounts of funds flow into the stock market</b></p><p>External macro factors cannot be ignored.<b>Relevant data show that the Federal Reserve's previous large releases of water have stimulated the stock market to rise</b>。 After the outbreak of COVID-19 pandemic, it became the norm for the United States to release water. According to data from Vanda Research, an independent research firm, in June 2021, U.S. retail investors bought a net of approximately US $28 billion in stocks and equity funds, setting a new high in monthly inflows since 2014. Did the currency released by the United States also flow into the stock market?</p><p>Comparing the monthly data of Dow Jones Industrial Average and U.S. broad money (M2), it is found that the correlation between the two is as high as 0.96. This indicates that the more M2 is released, the higher the Dow point; Under the large-scale release of water in the United States, a large amount of funds flowed into the stock market, and the large-scale release of water became an important factor driving the continuous rise of the U.S. stock market.</p><p>Specifically, in 2020, the United States released US $212.17 trillion in currency (M2), a year-on-year increase of 19.14%, and the growth rate reached a record high. In the same year, US investors net bought US $368.312 billion in US stocks, a year-on-year increase. At the end of 2020, the Dow Jones Industrial Average closed 30606.48 points; In the first four months of 2021, the United States released US $64 trillion in M2, a year-on-year increase of 23.77%. During the same period, US investors bought a net 44.792 billion yuan in US stocks. At the end of April 2021, the Dow Jones Industrial Average rose to 33,874.85 points.</p><p>Not only the United States, but also global assets are frantically flowing into the securities market, and A shares are no exception. It is reported that in the first half of 2021, the scale of funds flowing into global stock funds reached US $580 billion, a record high. After the COVID-19 pandemic, A-shares became a safe haven for global assets; Up to now, the net purchase of A shares through northbound capital channels during the year has reached 216.8 billion yuan, exceeding the level of the whole year of 2020;<b>The market value of A shares held through QFII channels (at the end of 2020) exceeded 270 billion yuan, a record high.</b></p><p><img src=\"https://static.tigerbbs.com/1eb9fc8dc982890f305777c22a2bfc11\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3219c1e34771d4a607fc67aee82f7281","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185087957","content_text":"美国三大股指再创新高的新闻再次刷屏。\n\n纵观历史，美国股市自2009年以来基本处于连续上涨的态势，纳斯达克指数累计涨幅超8倍，位列全球第一，三大股指领跑全球，是谁在推动股市上涨，美国股市持续走牛的内在因素又有哪些？\n美国三大股指近13年来\n累计涨幅名列全球前三\n2008年金融危机后，全球股市开启了长达13年的震荡上涨行情。自2009年初至2021年7月9日，全球17只重要指数的累计涨幅均超过60%（注：由于各国通货膨胀率的不同，文中将各国股指按照美元换算后作对比），其中美国三大股指涨幅均超过了2.9倍，位列全球前三，纳斯达克指数以8.32倍涨幅称霸全球。\n中国沪深300指数2009年以来累计涨幅接近1.8倍，按照美元兑人民币中间价换算后的沪深300指数同期涨幅超过1.9倍。眼尖的投资者或许注意到了印度SENSEX30指数累计涨幅达到443%，远超A股指数。但印度的通货膨胀极其严重（2012年至今累计通货膨胀率达到60%），按照美元换算后，区间累计涨跌幅降至1.1倍，A股指数表现并不像市场所说的逊色于印度。\n从年化收益率来看，纳指年化收益率超过20%，道指及标普500指数的年化收益率超过13%，投资回报相当高。一份研究报告中显示，在过去100年中，股票是表现最好的资产之一，另一资产是房产。\n\n18股入驻道指超13年\n累计涨幅平均超550%\n美国股指表现拔尖，作为有着120多年历史的市场指数之一，道琼斯工业指数（注：以下均简称“道指”，由于数据提取限制，文中主要以道指为分析对象）既是美国经济的晴雨表，又是世界股市的风向标，其涨跌以及30只成份股的变动牵动着全球资本市场，这30只成份股基本是美国经济和行业的领头羊。\n2009年以来，道指共调仓8次；新冠疫情爆发后，新经济大放异彩，2020年及2021年道指均调整了3只成份股，变动较大。从最新名单来看，30股市值合计10.9万亿美元，占全部美股市值比近17%。其中18股入驻道指超13年，3股超过30年，分别是卡特彼勒、迪士尼及摩根大通。\n能获道指青睐的成份股，市场表现均较为出色。数据宝统计显示，最新成份股中，以上18只成份股自2009年以来平均涨幅高达577.32%，平均年化收益率超过18%，家得宝、微软公司及美国运通区间累计涨幅均超过10倍。同期其它美股（2009年以前上市）涨幅仅有275%，不足道指成份股涨幅的一半。\n2009年6月8日，思科及旅行者新进纳入道指，纳入以来平均上涨3.2倍，平均年化收益率接近16%，其余美股同期涨幅仅有2.4倍；2018年6月26日新进纳入通用电气，纳入后公司股价下跌，在道指成份股中较罕见。\n\n被剔除的成份股，一是由于经济形态变迁被迫出局，二是市场表现差强人意。统计显示，在剔除前后，这一类股票的涨跌幅大多跑输同期道指，剔除前10日，道指平均上涨2.26%，剔除股同期平均下跌1.87%；剔除后10日，剔除股平均下跌3%，道指同期平均下跌1.84%。\n\n道指大幅上调新经济企业权重\n道指行业配置如何？根据道指的编制方式，按照股价加权，计算各行业权重后发现，新经济类型的企业权重被上调，传统类型企业的权重大幅下调。自2009年初至2021最新一次调仓，权重上调的有医疗保健、信息技术、金融、可选消费及材料等5个行业，上调的5行业最新权重总和达到73.16%，较2009年初增加近32个百分点。\n其中信息技术行业权重由2009年初的14.07%上调至当前的21.86%，医疗保健行业权重由2009年初的9.82%上调至当前的17.09%；日常消费行业权重由2009年初的17.29%下调至当前的7.16%，能源行业的雪佛龙及埃克森美孚的总权重由2009年初的14%下降至当前的1.96%。\n\n推动美国股指上涨四大因素揭秘\n道指的编制并无太多神秘之处，只因其对成份股的选择非常严格，使美国股指成为全球股市的“参照物”。放眼全球，美国股指是极少数能维持连续上涨的指数，在下跌行情中，仍跑赢其它指数。新冠疫情爆发后，美国三大股指走势依旧坚挺，连创历史新高，究竟是什么原因推动股市上涨？\n1、 道指除数变动引发蝴蝶效应\n从道指编制本身来看，道指点位等于成份股价格之和除以道指除数。道指除数被用于决定道指30只成分股中的任何一只股票的影响力，当道指调仓或成份股分拆、合并时，道指除数都会变动。从计算公式本身来看，道指除数有着显著的蝴蝶效应，道指除数下降，道指点位随之而上升。\n据华尔街日报公布数据显示，道指除数下降的次数并不多，2012年8月13日道指除数降至0.129147，为2009年以来最低水平；2019年4月道指除数0.147，2020年8月升至0.152。最近一次调仓后，道指除数下降至0.138197，即成份股价格每上升1美元，指数就要增加7.24个点位。\n2、金融科技等新经济助推道指上涨\n为保证指数的稳定性，道指对行业配置的考量十分讲究。根据道指的编制方式，按照股价加权，计算各行业权重；市场表现较好的金融、科技等新经济企业权重被上调，传统类型企业的权重大幅下调。\n实际上，沪深300指数同期也调高了科技、金融板块的权重，对推动指数上涨颇有成效。对比道指、沪深300指数走势发现，两者从2016年2月起拉开差距，按照道指调仓的时间点，划分2016年2月1日至2018年6月25日（区间1）、2018年6月26日至2019年4月1日（区间2）、2019年4月2日至2020年8月30日（区间3）、2020年8月31日至2021年7月7日（区间4），共4个区间。\n沪深300仅在区间1和区间4跑输道指。区间1中，道指的电信服务、工业、金融及信息技术大幅跑赢沪深300指数同行业指数，沪深300指数的日常消费及医疗保健行业大幅跑赢；区间4，沪深300指数的电信服务、金融及信息技术大幅跑输道指同行业。\n\n3、低估值、低波动、高回报支撑指数稳定上涨\n若以上两点是影响道指涨跌的间接因素，道指成份股价格变动可以认为是影响指数的直接原因，入驻道指超13年的18股涨幅远超道指，权重总和超60%。\n其中7股最新权重较2009年初增加，由20.5%上升至当前的32.32%。股价涨幅第一的家得宝权重提升至6.7%，较2009年初增加4个百分点以上，涨幅第二的微软公司最新权重接近6%。这7家公司自2009年至当前年化收益率均超过20%，成为拉动道指上涨的核心动力。\n\n沪深300中，电信服务成份股一直在拖累指数走势。以区间4、沪深300的电信服务股表现来看，中国联通、中国卫通自2020年8月31日至2021年7月7日分别下跌18.44%及34.43%，业绩下滑或是股价下跌的主因。\n相比之下，道指成份股业绩成长性较平稳。对比两指数成份股的最新基本面，道指成份股的估值中位数、年化波动率中位数（2009年以来）均低于沪深300成份股，投资回报（净资产收益率）是沪深300成份股的2倍，低估值、低波动、高回报的成份股支撑了指数稳定上涨，也因此道指年化收益率远超沪深300。\n\n4、大放水之下，巨额资金流入股市\n外在宏观因素也不能忽视。相关资料显示，美联储历次大放水均刺激股市上涨。新冠疫情爆发后，美国大放水成为常态。独立研究机构Vanda Research数据显示，2021年6月，美国散户净买入约280亿美元的股票和股票类基金，创下自2014以来的月度流入新高。美国释放的货币是否也流入了股市？\n以道指与美国广义货币（M2）的月度数据对比发现，两者相关性极高达0.96。这表明释放的M2越多，道指点位就越高；美国大放水之下，大量资金流入股市，大放水成推动美国股市不断走高的重要因素。\n具体来看，2020年美国释放货币（M2）212.17万亿美元，同比增长19.14%，增速创历史新高，同年美国投资者净买入美国股票3683.12亿美元，同比大增，2020年末道指收30606.48点；2021年前4个月美国释放M2为 64万亿美元，同比增长23.77%，同期美国投资者净买入美股447.92亿元，2021年4月末道指涨至33874.85点。\n不仅是美国，全球资产都在疯狂流入证券市场，A股也不例外。据悉，2021年上半年流入全球股票基金的资金规模达5800亿美元，创历史最高水平。新冠疫情后，A股成全球资产避风港；截至当前，年内通过北上资金渠道净买入A股达到2168亿人民币，超过2020年全年水平；通过QFII渠道持有A股（2020年末）市值超2700亿人民币，创历史新高。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179373929,"gmtCreate":1626489346861,"gmtModify":1703761032837,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"&nbsp;Like pls","listText":"&nbsp;Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179373929","repostId":"1152148407","repostType":4,"isVote":1,"tweetType":1,"viewCount":750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179370240,"gmtCreate":1626489254180,"gmtModify":1703761030338,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"?☹️☹️☹️☹️","listText":"?☹️☹️☹️☹️","text":"?☹️☹️☹️☹️","images":[{"img":"https://static.tigerbbs.com/4980c3c907ed73cb58cf5923544de0c9","width":"1125","height":"3231"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179370240","isVote":1,"tweetType":1,"viewCount":784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":142138807,"gmtCreate":1626135780409,"gmtModify":1703753955258,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Please Lik and comment ??","listText":"Please Lik and comment ??","text":"Please Lik and comment ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142138807","isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":174567971,"gmtCreate":1627113301693,"gmtModify":1703484470374,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Please give me a like pls [Cry]&nbsp;","listText":"Please give me a like pls [Cry]&nbsp;","text":"Please give me a like pls [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174567971","repostId":"1151500518","repostType":4,"repost":{"id":"1151500518","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627092269,"share":"https://ttm.financial/m/news/1151500518?lang=en_US&edition=fundamental","pubTime":"2021-07-24 10:04","market":"us","language":"en","title":"Tencent was ordered to remove the exclusive copyright of online music","url":"https://stock-news.laohu8.com/highlight/detail?id=1151500518","media":"Tiger Newspress","summary":"The China market supervision administration made an administrative punishment decision according to ","content":"<p>The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.</p>\n<p>This case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.</p>\n<p>Tencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.</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>Tencent was ordered to remove the exclusive copyright of online music</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\">\nTencent was ordered to remove the exclusive copyright of online music\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-24 10:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.</p>\n<p>This case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.</p>\n<p>Tencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TME":"腾讯音乐","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151500518","content_text":"The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.\nThis case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.\nTencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.","news_type":1,"symbols_score_info":{"00700":0.9,"TME":0.9}},"isVote":1,"tweetType":1,"viewCount":1223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174050512,"gmtCreate":1627053617236,"gmtModify":1703483504189,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"no","listText":"no","text":"no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174050512","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148242925,"gmtCreate":1625982805367,"gmtModify":1703751627068,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>????","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>????","text":"$NIO Inc.(NIO)$????","images":[{"img":"https://static.tigerbbs.com/d83c3bd63e5fcf8fd2c7c2575825848f","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/148242925","isVote":1,"tweetType":1,"viewCount":742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":801053118,"gmtCreate":1627475488734,"gmtModify":1703490653767,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Gv me a like pls","listText":"Gv me a like pls","text":"Gv me a like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801053118","repostId":"1174699888","repostType":4,"repost":{"id":"1174699888","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":1627474397,"share":"https://ttm.financial/m/news/1174699888?lang=en_US&edition=fundamental","pubTime":"2021-07-28 20:13","market":"us","language":"zh","title":"Pre-market: Waiting for the Fed's decision! Boeing soared more than 6% before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1174699888","media":"老虎资讯综合","summary":"7月28日，美股三大股指期货涨跌不一，截至发稿，道指期货跌0.02%；标普500指数期货涨0.04%；纳斯达克100指数期货涨0.32%。\n美联储将于北京时间次日凌晨02:00（美国东部时间14:00","content":"<p>On July 28, the three major U.S. stock index futures had mixed gains and losses. As of press time, the Dow futures fell 0.02%; S&P 500 futures rose 0.04%; Nasdaq 100 futures rose 0.32%.</p><p>The Federal Reserve will release its monetary policy statement at 02:00 a.m. Beijing time the next day (14:00 Eastern Time). Federal Reserve Chairman Powell will hold a regular press conference half an hour later. The meeting is expected to reveal information about when to end the bond purchase. More clues on the program and rate hike.</p><p><img src=\"https://static.tigerbbs.com/59b72188ced5727b68473f1a26bd89e7\" tg-width=\"376\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p><b>Premarket Quotes</b></p><p>Some popular Chinese concept stocks stopped falling before the market opened,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 7%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 6%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up more than 6%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up more than 5%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 4%.</p><p>The blockchain sector of U.S. stocks generally rose before the market,<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>Up more than 37%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>、<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>Rose more than 7%.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Google A</a>It rose nearly 4% before the market, and the opening stock price hit a new high. Net profit in the second quarter exceeded US $18 billion, an increase of 166%. Furthermore,<a href=\"https://laohu8.com/S/UBS\">UBS</a>Will<a href=\"https://laohu8.com/S/GOOG\">Google</a>The price target was raised to $3,190 from $2,600.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell nearly 1% before the market and did not provide fiscal year guidance, saying that quarterly revenue would slow down afterwards.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1% before the market, revenue in the second quarter hit a record high, and net profit increased by nearly 50% year-on-year.</p><p><a href=\"https://laohu8.com/S/AMD\">AMD</a>It rose nearly 3% before the market. In the second quarter, revenue was US $3.85 billion and net profit was US $700 million, a year-on-year increase of 352%.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a>It fell more than 3% before the market, and the company lowered its full-year forecast for same-store sales growth in China.</p><p><a href=\"https://laohu8.com/S/RIO\">Rio Tinto</a>It rose more than 2% before the market, doubled its profit in the first half of the year, and Dividend surpassed the whole of last year.</p><p><a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>It rose more than 4% before the market, and the company will buy back up to 500 million pounds of shares.</p><p>Boeing rose more than 6% before the market, and its net profit in the second quarter exceeded expectations.</p><p><b>Premarket earnings</b></p><p><a href=\"https://laohu8.com/NW/1157782795\" target=\"_blank\">Boeing Q2 Revenue $17 Billion, Net Income $567 Million</a></p><p>The financial report shows that revenue in the second quarter was US $17 billion, market expectations were US $16.683 billion, and US $11.807 billion in the same period last year; Net profit in the second quarter was US $567 million, the market expected a net loss of US $151 million, and a net loss of US $2.395 billion in the same period last year; Earnings per share in the second quarter were US $1, compared with market expectations for a loss of US $0.25, and a loss of US $4.2 in the same period last year.</p><p><a href=\"https://laohu8.com/NW/1120839532\" target=\"_blank\">Shopify Q2 Revenue of $1.119 Billion, Net Income of $879 Million</a></p><p>The financial report shows that revenue in the second quarter was US $1.119 billion, market expectations were US $1.040 billion, and US $714 million in the same period last year; The net profit in the second quarter was US $879 million, the market expected a net loss of US $6 million, and the net profit in the same period last year was US $36 million; Earnings per share in the second quarter were $6.9.</p><p><a href=\"https://laohu8.com/NW/1190453627\" target=\"_blank\">McDonald's: Q2 revenue of $5.89 billion exceeded market expectations</a></p><p>The financial report shows: revenue in the second quarter was US $5.888 billion, market expectations were US $5.599 billion, and US $3.762 billion in the same period last year; Net profit in the second quarter was US $2.219 billion, market expectations were US $1.583 billion, and US $483 million in the same period last year; In the second quarter, earnings per share were $2.95, compared with market expectations for a profit of $2.12.</p><p><a href=\"https://laohu8.com/NW/1119916967\" target=\"_blank\">Pfizer: Q2 revenue of $19 billion, exceeding market expectations</a></p><p>The financial report shows that Q2 revenue in 2021 is US $19 billion, market expectations are US $18.79 billion, and US $11.801 billion in the same period last year. In the second quarter, adjusted earnings per share were $1.07, compared with the market estimate of 99 cents. Pfizer expects full-year adjusted earnings per share of $3.95 to $4.05, compared with previous forecasts of $3.55 to $3.65 and market estimates of $3.75.</p><p><a href=\"https://laohu8.com/NW/1120483162\" target=\"_blank\">Spotify Q2 revenue was 2.331 billion euros, and monthly active users increased by 22% to 365 million</a></p><p>The financial report shows that revenue in the second quarter was 2.331 billion euros, market expectations were 2.287 billion euros, and 1.889 billion euros in the same period last year; The net loss in the second quarter was 20 million euros, the market expected a net loss of 73 million euros, and the net loss in the same period last year was 356 million euros; The loss per share in the second quarter was 0.19 euros.</p><p><b>European Market</b></p><p>Major European stock indexes rose across the board. As of press time, Germany's DAX30 index rose 0.22%, Britain's FTSE 100 rose 0.14%, and France's CAC40 rose 0.71%.</p><p><img src=\"https://static.tigerbbs.com/277a0bd109534ee3b98c84de520f8293\" tg-width=\"816\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>U.S. and Burundi oil fluctuated higher. As of press time, WTI crude oil rose 0.7% to $72.15 per barrel; Brent crude oil rose 0.5% to $74.85 a barrel.</p><p>Cautious trading ahead of the Federal Reserve's July interest rate in the evening and concerns about a surge in global Novel Coronavirus cases continue to limit the upside of high-yield crude oil, requiring attention to the evening EIA inventory report.</p><p><img src=\"https://static.tigerbbs.com/3112ab3f5dde66f0867d404490f5610d\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b4ca4d46dc0f54bf47eb5196c3e386c6\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p><b>Gold</b></p><p>Gold prices fell slightly, falling 0.16% to $1,797 an ounce as of press time.</p><p>Markets also expect the Fed to rate hike faster than previously expected until the end of 2024. The Federal Reserve's interest rate decision may be hawkish, which makes gold bulls scruples.</p><p><img src=\"https://static.tigerbbs.com/97e1906b9b44cebd82c1f20701ed10ba\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></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: Waiting for the Fed's decision! Boeing soared more than 6% before the market</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: Waiting for the Fed's decision! Boeing soared more than 6% before the market\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\">2021-07-28 20:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 28, the three major U.S. stock index futures had mixed gains and losses. As of press time, the Dow futures fell 0.02%; S&P 500 futures rose 0.04%; Nasdaq 100 futures rose 0.32%.</p><p>The Federal Reserve will release its monetary policy statement at 02:00 a.m. Beijing time the next day (14:00 Eastern Time). Federal Reserve Chairman Powell will hold a regular press conference half an hour later. The meeting is expected to reveal information about when to end the bond purchase. More clues on the program and rate hike.</p><p><img src=\"https://static.tigerbbs.com/59b72188ced5727b68473f1a26bd89e7\" tg-width=\"376\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p><b>Premarket Quotes</b></p><p>Some popular Chinese concept stocks stopped falling before the market opened,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 7%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 6%,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up more than 6%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up more than 5%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 4%.</p><p>The blockchain sector of U.S. stocks generally rose before the market,<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>Up more than 37%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Rose more than 12%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>、<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>Rose more than 7%.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Google A</a>It rose nearly 4% before the market, and the opening stock price hit a new high. Net profit in the second quarter exceeded US $18 billion, an increase of 166%. Furthermore,<a href=\"https://laohu8.com/S/UBS\">UBS</a>Will<a href=\"https://laohu8.com/S/GOOG\">Google</a>The price target was raised to $3,190 from $2,600.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell nearly 1% before the market and did not provide fiscal year guidance, saying that quarterly revenue would slow down afterwards.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1% before the market, revenue in the second quarter hit a record high, and net profit increased by nearly 50% year-on-year.</p><p><a href=\"https://laohu8.com/S/AMD\">AMD</a>It rose nearly 3% before the market. In the second quarter, revenue was US $3.85 billion and net profit was US $700 million, a year-on-year increase of 352%.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a>It fell more than 3% before the market, and the company lowered its full-year forecast for same-store sales growth in China.</p><p><a href=\"https://laohu8.com/S/RIO\">Rio Tinto</a>It rose more than 2% before the market, doubled its profit in the first half of the year, and Dividend surpassed the whole of last year.</p><p><a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>It rose more than 4% before the market, and the company will buy back up to 500 million pounds of shares.</p><p>Boeing rose more than 6% before the market, and its net profit in the second quarter exceeded expectations.</p><p><b>Premarket earnings</b></p><p><a href=\"https://laohu8.com/NW/1157782795\" target=\"_blank\">Boeing Q2 Revenue $17 Billion, Net Income $567 Million</a></p><p>The financial report shows that revenue in the second quarter was US $17 billion, market expectations were US $16.683 billion, and US $11.807 billion in the same period last year; Net profit in the second quarter was US $567 million, the market expected a net loss of US $151 million, and a net loss of US $2.395 billion in the same period last year; Earnings per share in the second quarter were US $1, compared with market expectations for a loss of US $0.25, and a loss of US $4.2 in the same period last year.</p><p><a href=\"https://laohu8.com/NW/1120839532\" target=\"_blank\">Shopify Q2 Revenue of $1.119 Billion, Net Income of $879 Million</a></p><p>The financial report shows that revenue in the second quarter was US $1.119 billion, market expectations were US $1.040 billion, and US $714 million in the same period last year; The net profit in the second quarter was US $879 million, the market expected a net loss of US $6 million, and the net profit in the same period last year was US $36 million; Earnings per share in the second quarter were $6.9.</p><p><a href=\"https://laohu8.com/NW/1190453627\" target=\"_blank\">McDonald's: Q2 revenue of $5.89 billion exceeded market expectations</a></p><p>The financial report shows: revenue in the second quarter was US $5.888 billion, market expectations were US $5.599 billion, and US $3.762 billion in the same period last year; Net profit in the second quarter was US $2.219 billion, market expectations were US $1.583 billion, and US $483 million in the same period last year; In the second quarter, earnings per share were $2.95, compared with market expectations for a profit of $2.12.</p><p><a href=\"https://laohu8.com/NW/1119916967\" target=\"_blank\">Pfizer: Q2 revenue of $19 billion, exceeding market expectations</a></p><p>The financial report shows that Q2 revenue in 2021 is US $19 billion, market expectations are US $18.79 billion, and US $11.801 billion in the same period last year. In the second quarter, adjusted earnings per share were $1.07, compared with the market estimate of 99 cents. Pfizer expects full-year adjusted earnings per share of $3.95 to $4.05, compared with previous forecasts of $3.55 to $3.65 and market estimates of $3.75.</p><p><a href=\"https://laohu8.com/NW/1120483162\" target=\"_blank\">Spotify Q2 revenue was 2.331 billion euros, and monthly active users increased by 22% to 365 million</a></p><p>The financial report shows that revenue in the second quarter was 2.331 billion euros, market expectations were 2.287 billion euros, and 1.889 billion euros in the same period last year; The net loss in the second quarter was 20 million euros, the market expected a net loss of 73 million euros, and the net loss in the same period last year was 356 million euros; The loss per share in the second quarter was 0.19 euros.</p><p><b>European Market</b></p><p>Major European stock indexes rose across the board. As of press time, Germany's DAX30 index rose 0.22%, Britain's FTSE 100 rose 0.14%, and France's CAC40 rose 0.71%.</p><p><img src=\"https://static.tigerbbs.com/277a0bd109534ee3b98c84de520f8293\" tg-width=\"816\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>U.S. and Burundi oil fluctuated higher. As of press time, WTI crude oil rose 0.7% to $72.15 per barrel; Brent crude oil rose 0.5% to $74.85 a barrel.</p><p>Cautious trading ahead of the Federal Reserve's July interest rate in the evening and concerns about a surge in global Novel Coronavirus cases continue to limit the upside of high-yield crude oil, requiring attention to the evening EIA inventory report.</p><p><img src=\"https://static.tigerbbs.com/3112ab3f5dde66f0867d404490f5610d\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b4ca4d46dc0f54bf47eb5196c3e386c6\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p><b>Gold</b></p><p>Gold prices fell slightly, falling 0.16% to $1,797 an ounce as of press time.</p><p>Markets also expect the Fed to rate hike faster than previously expected until the end of 2024. The Federal Reserve's interest rate decision may be hawkish, which makes gold bulls scruples.</p><p><img src=\"https://static.tigerbbs.com/97e1906b9b44cebd82c1f20701ed10ba\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174699888","content_text":"7月28日，美股三大股指期货涨跌不一，截至发稿，道指期货跌0.02%；标普500指数期货涨0.04%；纳斯达克100指数期货涨0.32%。\n美联储将于北京时间次日凌晨02:00（美国东部时间14:00）公布货币政策声明，美联储主席鲍威尔将在半小时后举行例行新闻发布会，此次会议预计将透露有关何时结束购债计划和加息的更多线索。\n\n盘前行情\n部分热门中概股盘前止跌回升，拼多多涨超7%，理想汽车涨超6%，滴滴涨超6%，贝壳涨超5%，小鹏汽车、哔哩哔哩涨超4%。\n美股区块链板块盘前普涨，Bit Digital涨超37%，第九城市涨超12%，亿邦国际、嘉楠科技、Marathon Patent、Riot Blockchain涨超7%。\n谷歌A盘前涨近4%，开盘股价势再创新高。第二季度净利润超180亿美元，大增166%。此外，瑞银将谷歌目标价从2600美元上调至3190美元。\n苹果盘前跌近1%，未提供财年指引，称之后季度营收将放缓。\n微软盘前涨超1%，第二季度营收创历史新高，净利润同比增长近50%。\nAMD盘前涨近3%，第二季度营收38.5亿美元，净利润7亿美元，同比大涨352%。\n星巴克盘前跌超3%，公司下调了对中国同店销售增长的全年预测。\n力拓盘前涨超2%，上半年盈利翻倍，股息超去年全年。\n巴克莱银行盘前涨超4%，公司将回购最多5亿英镑股份。\n波音盘前涨超6%，第二季度净利润大超预期。\n盘前财报\n波音第二季度营收170亿美元，净利润5.67亿美元\n财报显示，第二季度营收170亿美元，市场预期166.83亿美元，去年同期118.07亿美元；第二季度净利润5.67亿美元，市场预期净亏损1.51亿美元，去年同期净亏损23.95亿美元；第二季度每股盈利1美元，市场预期亏损0.25美元，去年同期亏损4.2美元。\nShopify第二季度营收11.19亿美元，净利润8.79亿美元\n财报显示，第二季度营收11.19亿美元，市场预期10.40亿美元，去年同期7.14亿美元；第二季度净利润8.79亿美元，市场预期净亏损0.06亿美元，去年同期净利润0.36亿美元；第二季度每股盈利6.9美元。\n麦当劳：Q2营收58.9亿美元，超出市场预期\n财报显示：第二季度营收58.88亿美元，市场预期55.99亿美元，去年同期37.62亿美元；第二季度净利润22.19亿美元，市场预期15.83亿美元，去年同期4.83亿美元；第二季度每股盈利2.95美元，市场预期盈利2.12美元。\n辉瑞：Q2营收190亿美元，超出市场预期\n财报显示：2021年Q2 营收190亿美元，市场预期187.9亿美元，去年同期为118.01亿美元。第二季度调整后每股收益1.07美元，市场预估99美分。辉瑞预计全年调整后每股收益3.95美元至4.05美元，此前预测3.55美元至3.65美元，市场预估3.75美元。\nSpotify Q2营收23.31亿欧元，月活数增长22%至3.65亿\n财报显示，第二季度营收23.31亿欧元，市场预期22.87亿欧元，去年同期18.89亿欧元；第二季度净亏损0.2亿欧元，市场预期净亏损0.73亿欧元，去年同期净亏损3.56亿欧元；第二季度每股亏损0.19欧元。\n欧洲市场\n欧洲主要股指全线上涨，截至发稿，德国DAX30指数涨0.22%，英国富时100涨0.14%、法国CAC40涨0.71%。\n\n原油\n美、布两油震荡走高，截止发稿，WTI原油涨0.7%，报72.15美元/桶；布伦特原油涨0.5%，报74.85美元/桶。\n晚间美联储7月利率前的谨慎交易和对全球新冠病毒病例激增的担忧，继续限制了高收益原油的上行空间，令需留意晚间EIA库存报告。\n\n黄金\n金价小幅下跌，截止发稿，跌0.16%，报1797美元/盎司。\n市场还预计美联储将以快于此前预期的速度加息，直至2024年底。美联储利率决议可能偏向鹰派，这令黄金多头有所顾忌。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152434606,"gmtCreate":1625325115105,"gmtModify":1703740439138,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"please like","listText":"please like","text":"please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/152434606","repostId":"1165340887","repostType":4,"repost":{"id":"1165340887","kind":"news","pubTimestamp":1625257396,"share":"https://ttm.financial/m/news/1165340887?lang=en_US&edition=fundamental","pubTime":"2021-07-03 04:23","market":"us","language":"en","title":"U.S. stocks sweep to fresh highs after strong jobs report","url":"https://stock-news.laohu8.com/highlight/detail?id=1165340887","media":"yahoo","summary":"Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.The S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Sh","content":"<p>Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.</p>\n<p>The S&amp;P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Shares of Tesla (TSLA) fluctuated before ending slightly higher after the electric car-maker's second-quarter deliveries hit a new record but still missed analysts' estimates, based on Bloomberg consensus data.</p>\n<p>Investorsconsidered the U.S. Labor Department's June jobs report, the central economic data point that came out this week. The print showed a stronger-than-anticipated acceleration in hiring, with non-farm payrolls rising by 850,000 for a sixth straight monthly gain. The unemployment rate, however, unexpectedly ticked up slightly to 5.9%.</p>\n<p>\"This is the 'Goldilocks report' that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining — I wouldn't call them necessarily contained — but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal,\" Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance. \"We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment get down, they're going to let inflation run a little bit hot here. Not too hot, not too cold — this is just what the market wants.\"</p>\n<p>Heading into the report, equities have been buoyed by a slew of strong economic data earlier this week, especially on the labor market.Private payrolls rose by a better-than-expected 692,000 in June,according to ADP, andweekly initial jobless claims improved more than expectedto the lowest level since March 2020. Still, other reports underscored the still-prevalent labor supply challenges impacting companies across industries, with the scarcity capping what has otherwise been a robust economic rebound.</p>\n<p>\"It's really the labor market supply that's putting the brake on hiring right now,\" Luke Tilley, chief economist for Wilmington Trust, told Yahoo Finance. \"But we're pretty optimistic, the market is pretty optimistic, and we think that's a big part of what's driving these indexes higher.\"</p>\n<p>Friday's jobs report will also give markets a suggestion as to the timing of the Federal Reserve's next monetary policy move. For now, the Fed has kept in place both of its key crisis-era policies, or quantitative easing and a near-zero benchmark interest rate. However, an especially strong jobs report and faster-than-expected print on wage growth could justify an earlier-than-currently-telegraphed shift by the central bank.</p>\n<p>“For the first time in years, I’m actually worried about a too hot number causing some kind of volatility or pullback in stocks. That’s because the Fed has signaled they are looking to taper QE,\" Tom Essaye, Sevens Report Research founder,told Yahoo Finance. \"And if we get a really, really strong jobs number and a hot wage number, then markets are going to start to say gee, are they going to taper QE maybe before November, or are they going to taper it more intensely than we thought and in a market that's frankly been very calm and a little bit complacent, that could cause volatility.\"</p>\n<p>Still, the Fed has suggested it would not react rashly to single reports, and has given itself leeway to adjust the timeline of its monetary policy pivots as more data comes in.</p>\n<p>\"I think everyone's counting on the Fed continuing really for the foreseeable future. So I don't see any big changes there coming before 2023,\" Octavio Marenzi, CEO and founder of Opimas,told Yahoo Finance.\"And even then the Fed has hedged its bets very significantly — they've basically said we might in 2023 raise interest rates twice, but then again we might not. So I think the smart money is betting things are going to keep on going, they're going to carry on with a very accommodative monetary policy.\"</p>\n<p>Even with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term.</p>\n<p>“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market.</p>\n<p>4:01 p.m. ET: Stocks close higher, S&amp;P 500 posts longest winning streak since August 2020</p>\n<p>Here's where markets closed out on Friday:</p>\n<ul>\n <li><p><b>S&amp;P 500 (^GSPC)</b>: +32.51 (+0.75%) to 4,352.45</p></li>\n <li><p><b>Dow (^DJI)</b>: +154.4 (+0.45%) to 34,787.93</p></li>\n <li><p><b>Nasdaq (^IXIC)</b>: +116.95 (+0.81%) to 14,639.33</p></li>\n</ul>","source":"lsy1584348713084","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>U.S. stocks sweep to fresh highs after strong jobs report</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; 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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\">\nU.S. stocks sweep to fresh highs after strong jobs report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-03 04:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.\nThe S&P 500 set another record ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165340887","content_text":"Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.\nThe S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Shares of Tesla (TSLA) fluctuated before ending slightly higher after the electric car-maker's second-quarter deliveries hit a new record but still missed analysts' estimates, based on Bloomberg consensus data.\nInvestorsconsidered the U.S. Labor Department's June jobs report, the central economic data point that came out this week. The print showed a stronger-than-anticipated acceleration in hiring, with non-farm payrolls rising by 850,000 for a sixth straight monthly gain. The unemployment rate, however, unexpectedly ticked up slightly to 5.9%.\n\"This is the 'Goldilocks report' that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining — I wouldn't call them necessarily contained — but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal,\" Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance. \"We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment get down, they're going to let inflation run a little bit hot here. Not too hot, not too cold — this is just what the market wants.\"\nHeading into the report, equities have been buoyed by a slew of strong economic data earlier this week, especially on the labor market.Private payrolls rose by a better-than-expected 692,000 in June,according to ADP, andweekly initial jobless claims improved more than expectedto the lowest level since March 2020. Still, other reports underscored the still-prevalent labor supply challenges impacting companies across industries, with the scarcity capping what has otherwise been a robust economic rebound.\n\"It's really the labor market supply that's putting the brake on hiring right now,\" Luke Tilley, chief economist for Wilmington Trust, told Yahoo Finance. \"But we're pretty optimistic, the market is pretty optimistic, and we think that's a big part of what's driving these indexes higher.\"\nFriday's jobs report will also give markets a suggestion as to the timing of the Federal Reserve's next monetary policy move. For now, the Fed has kept in place both of its key crisis-era policies, or quantitative easing and a near-zero benchmark interest rate. However, an especially strong jobs report and faster-than-expected print on wage growth could justify an earlier-than-currently-telegraphed shift by the central bank.\n“For the first time in years, I’m actually worried about a too hot number causing some kind of volatility or pullback in stocks. That’s because the Fed has signaled they are looking to taper QE,\" Tom Essaye, Sevens Report Research founder,told Yahoo Finance. \"And if we get a really, really strong jobs number and a hot wage number, then markets are going to start to say gee, are they going to taper QE maybe before November, or are they going to taper it more intensely than we thought and in a market that's frankly been very calm and a little bit complacent, that could cause volatility.\"\nStill, the Fed has suggested it would not react rashly to single reports, and has given itself leeway to adjust the timeline of its monetary policy pivots as more data comes in.\n\"I think everyone's counting on the Fed continuing really for the foreseeable future. So I don't see any big changes there coming before 2023,\" Octavio Marenzi, CEO and founder of Opimas,told Yahoo Finance.\"And even then the Fed has hedged its bets very significantly — they've basically said we might in 2023 raise interest rates twice, but then again we might not. So I think the smart money is betting things are going to keep on going, they're going to carry on with a very accommodative monetary policy.\"\nEven with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term.\n“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market.\n4:01 p.m. ET: Stocks close higher, S&P 500 posts longest winning streak since August 2020\nHere's where markets closed out on Friday:\n\nS&P 500 (^GSPC): +32.51 (+0.75%) to 4,352.45\nDow (^DJI): +154.4 (+0.45%) to 34,787.93\nNasdaq (^IXIC): +116.95 (+0.81%) to 14,639.33","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155906625,"gmtCreate":1625366960067,"gmtModify":1703740828441,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"&nbsp;Morning","listText":"&nbsp;Morning","text":"Morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155906625","repostId":"1170195217","repostType":4,"repost":{"id":"1170195217","kind":"news","pubTimestamp":1625364798,"share":"https://ttm.financial/m/news/1170195217?lang=en_US&edition=fundamental","pubTime":"2021-07-04 10:13","market":"us","language":"en","title":"Bank of America’s Karen Fang says ‘business as usual is not OK’ for finance, the planet or social justice","url":"https://stock-news.laohu8.com/highlight/detail?id=1170195217","media":"MarketWatch","summary":"Where’s the money for change? Ask her.\n\nChange can be tough. But it also is rare that anything big h","content":"<blockquote>\n <b>Where’s the money for change? Ask her.</b>\n</blockquote>\n<p>Change can be tough. But it also is rare that anything big happens without a way to pay for it first — and that’s where Karen Fang, Bank of America’s global head of sustainable finance, steps in.</p>\n<p>“The bank’s ultimate job is to connect the supply and demand of capital,” Fang said in a recent interview with MarketWatch.</p>\n<p>That’s not all. She also outlined a brave new future for banks just on the horizon, where finance is a key to a less toxic planet and giving Black and Latino communities a better shot at prosperity.</p>\n<p>“I do think in 10 years, 20 years, everything we do is ESG,” said Fang, who grew up near Shanghai and was educated at the University of Tokyo, of the push for better environmental, social and corporate outcomes through finance and investing.</p>\n<p>For the past 11 years, Fang has been rising through the ranks of Bank of AmericaBAC,-0.94%in New York, including recently heading its global fixed income, currencies and commodities cross-asset trading division.</p>\n<p>During that time, ESG hasbecomea top investing theme with investors. Outrage sparked by George Floyd’s murder in Minneapolis a year ago in May has elevated the need for reckoning, and so has the shock of climate change leavinghometowns across the U.S. reeling from crisis to crisis.</p>\n<p>For its part, Bank of America in Februaryannounced a goalof reaching net-zero greenhouse gas emissions by 2050, joining others in a race against time to limit global warming. It has led its U.S. banking peers on ESG innovation, while also linking its planned $1.5 trillion deployment of sustainable finance capital by 2030 to the societalsustainable development goalsset out by the United Nations.</p>\n<p>Banks already in the first quarter acted as sponsors and arrangers to a record $231 billion of sustainable bonds, a category that includes debt with a green, social or sustainability focus — a 19% increase from the quarter before, according to Moody’s Investors Service.</p>\n<p>Clearly, more work remains. The gap in median wealth between Black and white families in the U.S. has been stuck at 12 cents to every $1for roughly the past 30 years, according to Federal Reserve data.Global securities regulatorsplan to crack down on “greenwashing” or when asset managers embellish how climate-friendly their products are to clients. AndWestern states, including California, face severe drought, extreme heat and the threat of mega wildfires as the planet warms.</p>\n<p>Fang, for her part, says her ultimate goal is “to put purpose and humanity in finance.” “I feel like finance has been demonized so much. But everything does run on money,” she said.</p>\n<p>Here are edited highlights of a Q&amp;A with Fang about her whirlwind first year heading sustainable finance, her thoughts on Tom Wolfe’s Wall Street“Masters of the Universe”and how she plans to call the shots.</p>\n<p><b>MarketWatch:</b>&nbsp;I read you were a key part of the team behindBank of America’s issuance of a $1 billion COVID-19 social bonda year ago. Tell me more about that.</p>\n<p><i>[Editor’s note: Fang was putting the final touches on her team as global head of sustainable finance, a new role created about one and a half years ago, when March 15, 2020 hit — the day most office workers in New York and California were sent home as COVID-19 cases climbed and restaurants, bars, movie theaters and more were ordered to close.]</i></p>\n<p><b>Fang:</b>&nbsp;In March 2020, I started this new job. It’s about sustainable finance. It is about the environment, social inclusion, and not just inclusion, it’s about access. It’s not just about race and gender equality. But it’s about healthcare, education and affordable housing, wherever historically the public sector played a major role.</p>\n<p>But the private sector also has a role. COVID at the time, if you recall, the not-for-profit hospitals, they were getting less funding than for-profit hospitals. Skilled nursing facilities, they were right on the front line. Remember PPE [personal protective equipment] suppliers? We just didn’t have enough PPE. We wanted to very intentionally set a billion-dollar target to deploy lending to not-for-profit hospitals, skilled nursing facilities and to manufacturers of PPE.</p>\n<p>You know, we have the money. [Bank of America] has a $2.8 trillion balance sheet. We don’t need to issue a $1 billion social bond. Why do we do that? Because you want to set an example. You can see the proceeds of that and track it, and record the impact. Which hospitals got the money? How did they use it? Track how many people benefited from this. How many nursing facilities got the funding they needed?</p>\n<p>Every year, we’re going to issue a report on every ESG bond we issue, because we want to track the proceeds. And that’s why these bonds are popular, because it’s not ring-fenced in our hundreds of billions of dollars of liabilities. This way, you can see exactly where the money went.</p>\n<p>At the time, I remember pitching it to the top of the house. I was like, hey, do you remember war bonds? Pandemic is war. We need to be able to show that we can very intentionally issue these types of ESG bonds, where people can track the money. We need to set this example, because if we do, other issuers will do it.</p>\n<p>It was a blowout. It sold out so quickly, in a few hours. And the punch line here is that, fortunately, I was right. We were able to underwrite, after that bond, close to $60 billion dollars of COVID-themed social bonds with other issuers. We also helped the government of Guatemala to issue a COVID bond, where proceeds were dedicated to the country’s response to the coronavirus.</p>\n<p>Essentially, my job is not ESG policy or climate risk. I have colleagues who do that. My job is as a frontline banker who has been in capital markets and sales and trading for 20 years. My job is to structure things, and scale that capital deployment. I’m not just mobilizing Bank of America’s money. I’m actually scaling capital deployment globally and setting an example.</p>\n<p><b>MarketWatch:</b>&nbsp;You’ve said your job is solving problems. How do we get concrete outcomes when looking at racism and inequity in the economy?</p>\n<p><b>Fang:</b>&nbsp;Last year, after George Floyd, we did a$2 billion landmark racial equity-themed bond.<i>[Editor’s note: This included mortgage lending and housing finance for Black and Latino communities, but also financing for small businesses and medical professionals, as well as venture capital and equity investments in banks that aim to reduce longstanding inequities.]</i></p>\n<p>It’s about breaking with business as usual and pouring more capital into Black and brown communities. Pretty much, I’m looking at something happening in the world and think: What can we do?</p>\n<p>This year, I really want to do gender equality-themed bonds. So when we issue our next sustainability bond, I want gender equality to be an additional theme on the social side. For me, it’s not about complaining. I do think there are systemic issues about access. I’m in the fortunate position of being given access to the bank’s CEO and the vice chairman and the COO and the board; they kind of empower me to do what’s right.</p>\n<p>Racial inequity has been a very persistent theme, unfortunately. A lot of [the solutions to racial inequity] have to do with public policy, regulations, public-sector finance and media awareness. But I think we all have a role. For me, it’s about putting humanity in finance.</p>\n<p>For me, I’m deeply offended, touched and hurt, because I know that even though I was lucky enough, somehow, not to experience discrimination, my aunts and uncles, they did. And my mom and dad did when they came to the U.S. to visit me, or to England. I know it exists. There’s a problem in society. The thing is, business has a role to play, and capital deployment. And all the different lending and financing activities have a role to play. Because business as usual is not OK.</p>\n<p>If I look back on my life 20 years from now, I’m still going to reflect on the last year with the COVID bond and the racial equity-progress bonds as highlights.</p>\n<p><b>MarketWatch:</b>&nbsp;How have attitudes changed in the years since Tom Wolfe popularized the phrase “Masters of the Universe” to describe the male-dominated world of Wall Street in the 1980s in his book “Bonfire of the Vanities”?</p>\n<p><b>Fang:</b>&nbsp;Some of those “Masters of the Universe” really helped me. I think that is [true of] a lot of men in my life. I am kind of a positive, bubbly personality and I usually assume that people are good. But I also know I was really lucky. I always had very powerful and good-willed men supporting me.Tom Montag[Bank of America’s chief operating officer], who I have worked for for nearly 15 years going back to Goldman SachsGS,-0.22%days — he is the reason I joined the bank.Jim DeMare, who runs the global markets division, has been very supportive of my career.</p>\n<p>By the way, without them, I don’t think I’d be in my current seat today. Our current CEO Brian Moynihan and Vice Chairman Anne Finucane, along with Tom and Jim, gave me a tremendous opportunity. These are four leaders who changed my life by supporting me in this role.</p>\n<p>And I also don’t think the “Masters of the Universe” thing is a phenomenon anymore.&nbsp;Wall Street isn’t so male-dominated anymore. I work at a bank where nearly&nbsp;half of the management teams are women. And I really intentionally make sure that the access I got, by luck or my effort, can be applied to other people too.</p>\n<p>I have this position because I feel I am empowered to do what’s right. If I feel like the “Masters of the Universe” are not giving women enough opportunity, A) I am going to talk about it. B) I’m going to design some offering to raise a lot of awareness about racial equality and gender equality, where the CFO, the CEO, and everybody at the top of the house is going to be aware.</p>\n<p><b>MarketWatch:</b>&nbsp;What is your ultimate goal?</p>\n<p><b>Fang:</b>My ultimate goal is to put purpose and humanity in finance. I say that because I feel like finance has been demonized so much. But everything does run on money. The bank’s ultimate job is to connect the supply and demand of capital.</p>\n<p>I do think in 10 years, 20 years, everything we do is ESG. It’s not about, “Do we abandon certain sectors, or walk away?” It’s about helping them transition to do their business in a more sustainable way, and to carry more humanity and purpose in their mission. I think finance will be better understood. And every piece of finance will serve a role, from a career-access standpoint to how finance works in a community.</p>\n<p>I recently had a conversation on affordable housing of the future with a banker who helped put a lot of affordable housing in New York City. We were talking about how we can put solar power in so that residents have cheaper and cleaner access to power. But we can also put in urban greenery, rooftop gardens, telemedicine, a clinic, a children’s education center. It’s about how to make affordable housing of tomorrow more accessible.</p>\n<p>Frankly, that’s what finance can do. That’s the kind of project that gets me going. That’s humanity and purpose. That’s community development. But without banks, it’s hard to do.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America’s Karen Fang says ‘business as usual is not OK’ for finance, the planet or social justice</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\">\nBank of America’s Karen Fang says ‘business as usual is not OK’ for finance, the planet or social justice\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-04 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/bank-of-americas-karen-fang-says-business-as-usual-is-not-ok-for-finance-the-planet-or-social-justice-11625162868?mod=hp_LATEST><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Where’s the money for change? Ask her.\n\nChange can be tough. But it also is rare that anything big happens without a way to pay for it first — and that’s where Karen Fang, Bank of America’s global ...</p>\n\n<a href=\"https://www.marketwatch.com/story/bank-of-americas-karen-fang-says-business-as-usual-is-not-ok-for-finance-the-planet-or-social-justice-11625162868?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/bank-of-americas-karen-fang-says-business-as-usual-is-not-ok-for-finance-the-planet-or-social-justice-11625162868?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170195217","content_text":"Where’s the money for change? Ask her.\n\nChange can be tough. But it also is rare that anything big happens without a way to pay for it first — and that’s where Karen Fang, Bank of America’s global head of sustainable finance, steps in.\n“The bank’s ultimate job is to connect the supply and demand of capital,” Fang said in a recent interview with MarketWatch.\nThat’s not all. She also outlined a brave new future for banks just on the horizon, where finance is a key to a less toxic planet and giving Black and Latino communities a better shot at prosperity.\n“I do think in 10 years, 20 years, everything we do is ESG,” said Fang, who grew up near Shanghai and was educated at the University of Tokyo, of the push for better environmental, social and corporate outcomes through finance and investing.\nFor the past 11 years, Fang has been rising through the ranks of Bank of AmericaBAC,-0.94%in New York, including recently heading its global fixed income, currencies and commodities cross-asset trading division.\nDuring that time, ESG hasbecomea top investing theme with investors. Outrage sparked by George Floyd’s murder in Minneapolis a year ago in May has elevated the need for reckoning, and so has the shock of climate change leavinghometowns across the U.S. reeling from crisis to crisis.\nFor its part, Bank of America in Februaryannounced a goalof reaching net-zero greenhouse gas emissions by 2050, joining others in a race against time to limit global warming. It has led its U.S. banking peers on ESG innovation, while also linking its planned $1.5 trillion deployment of sustainable finance capital by 2030 to the societalsustainable development goalsset out by the United Nations.\nBanks already in the first quarter acted as sponsors and arrangers to a record $231 billion of sustainable bonds, a category that includes debt with a green, social or sustainability focus — a 19% increase from the quarter before, according to Moody’s Investors Service.\nClearly, more work remains. The gap in median wealth between Black and white families in the U.S. has been stuck at 12 cents to every $1for roughly the past 30 years, according to Federal Reserve data.Global securities regulatorsplan to crack down on “greenwashing” or when asset managers embellish how climate-friendly their products are to clients. AndWestern states, including California, face severe drought, extreme heat and the threat of mega wildfires as the planet warms.\nFang, for her part, says her ultimate goal is “to put purpose and humanity in finance.” “I feel like finance has been demonized so much. But everything does run on money,” she said.\nHere are edited highlights of a Q&A with Fang about her whirlwind first year heading sustainable finance, her thoughts on Tom Wolfe’s Wall Street“Masters of the Universe”and how she plans to call the shots.\nMarketWatch: I read you were a key part of the team behindBank of America’s issuance of a $1 billion COVID-19 social bonda year ago. Tell me more about that.\n[Editor’s note: Fang was putting the final touches on her team as global head of sustainable finance, a new role created about one and a half years ago, when March 15, 2020 hit — the day most office workers in New York and California were sent home as COVID-19 cases climbed and restaurants, bars, movie theaters and more were ordered to close.]\nFang: In March 2020, I started this new job. It’s about sustainable finance. It is about the environment, social inclusion, and not just inclusion, it’s about access. It’s not just about race and gender equality. But it’s about healthcare, education and affordable housing, wherever historically the public sector played a major role.\nBut the private sector also has a role. COVID at the time, if you recall, the not-for-profit hospitals, they were getting less funding than for-profit hospitals. Skilled nursing facilities, they were right on the front line. Remember PPE [personal protective equipment] suppliers? We just didn’t have enough PPE. We wanted to very intentionally set a billion-dollar target to deploy lending to not-for-profit hospitals, skilled nursing facilities and to manufacturers of PPE.\nYou know, we have the money. [Bank of America] has a $2.8 trillion balance sheet. We don’t need to issue a $1 billion social bond. Why do we do that? Because you want to set an example. You can see the proceeds of that and track it, and record the impact. Which hospitals got the money? How did they use it? Track how many people benefited from this. How many nursing facilities got the funding they needed?\nEvery year, we’re going to issue a report on every ESG bond we issue, because we want to track the proceeds. And that’s why these bonds are popular, because it’s not ring-fenced in our hundreds of billions of dollars of liabilities. This way, you can see exactly where the money went.\nAt the time, I remember pitching it to the top of the house. I was like, hey, do you remember war bonds? Pandemic is war. We need to be able to show that we can very intentionally issue these types of ESG bonds, where people can track the money. We need to set this example, because if we do, other issuers will do it.\nIt was a blowout. It sold out so quickly, in a few hours. And the punch line here is that, fortunately, I was right. We were able to underwrite, after that bond, close to $60 billion dollars of COVID-themed social bonds with other issuers. We also helped the government of Guatemala to issue a COVID bond, where proceeds were dedicated to the country’s response to the coronavirus.\nEssentially, my job is not ESG policy or climate risk. I have colleagues who do that. My job is as a frontline banker who has been in capital markets and sales and trading for 20 years. My job is to structure things, and scale that capital deployment. I’m not just mobilizing Bank of America’s money. I’m actually scaling capital deployment globally and setting an example.\nMarketWatch: You’ve said your job is solving problems. How do we get concrete outcomes when looking at racism and inequity in the economy?\nFang: Last year, after George Floyd, we did a$2 billion landmark racial equity-themed bond.[Editor’s note: This included mortgage lending and housing finance for Black and Latino communities, but also financing for small businesses and medical professionals, as well as venture capital and equity investments in banks that aim to reduce longstanding inequities.]\nIt’s about breaking with business as usual and pouring more capital into Black and brown communities. Pretty much, I’m looking at something happening in the world and think: What can we do?\nThis year, I really want to do gender equality-themed bonds. So when we issue our next sustainability bond, I want gender equality to be an additional theme on the social side. For me, it’s not about complaining. I do think there are systemic issues about access. I’m in the fortunate position of being given access to the bank’s CEO and the vice chairman and the COO and the board; they kind of empower me to do what’s right.\nRacial inequity has been a very persistent theme, unfortunately. A lot of [the solutions to racial inequity] have to do with public policy, regulations, public-sector finance and media awareness. But I think we all have a role. For me, it’s about putting humanity in finance.\nFor me, I’m deeply offended, touched and hurt, because I know that even though I was lucky enough, somehow, not to experience discrimination, my aunts and uncles, they did. And my mom and dad did when they came to the U.S. to visit me, or to England. I know it exists. There’s a problem in society. The thing is, business has a role to play, and capital deployment. And all the different lending and financing activities have a role to play. Because business as usual is not OK.\nIf I look back on my life 20 years from now, I’m still going to reflect on the last year with the COVID bond and the racial equity-progress bonds as highlights.\nMarketWatch: How have attitudes changed in the years since Tom Wolfe popularized the phrase “Masters of the Universe” to describe the male-dominated world of Wall Street in the 1980s in his book “Bonfire of the Vanities”?\nFang: Some of those “Masters of the Universe” really helped me. I think that is [true of] a lot of men in my life. I am kind of a positive, bubbly personality and I usually assume that people are good. But I also know I was really lucky. I always had very powerful and good-willed men supporting me.Tom Montag[Bank of America’s chief operating officer], who I have worked for for nearly 15 years going back to Goldman SachsGS,-0.22%days — he is the reason I joined the bank.Jim DeMare, who runs the global markets division, has been very supportive of my career.\nBy the way, without them, I don’t think I’d be in my current seat today. Our current CEO Brian Moynihan and Vice Chairman Anne Finucane, along with Tom and Jim, gave me a tremendous opportunity. These are four leaders who changed my life by supporting me in this role.\nAnd I also don’t think the “Masters of the Universe” thing is a phenomenon anymore. Wall Street isn’t so male-dominated anymore. I work at a bank where nearly half of the management teams are women. And I really intentionally make sure that the access I got, by luck or my effort, can be applied to other people too.\nI have this position because I feel I am empowered to do what’s right. If I feel like the “Masters of the Universe” are not giving women enough opportunity, A) I am going to talk about it. B) I’m going to design some offering to raise a lot of awareness about racial equality and gender equality, where the CFO, the CEO, and everybody at the top of the house is going to be aware.\nMarketWatch: What is your ultimate goal?\nFang:My ultimate goal is to put purpose and humanity in finance. I say that because I feel like finance has been demonized so much. But everything does run on money. The bank’s ultimate job is to connect the supply and demand of capital.\nI do think in 10 years, 20 years, everything we do is ESG. It’s not about, “Do we abandon certain sectors, or walk away?” It’s about helping them transition to do their business in a more sustainable way, and to carry more humanity and purpose in their mission. I think finance will be better understood. And every piece of finance will serve a role, from a career-access standpoint to how finance works in a community.\nI recently had a conversation on affordable housing of the future with a banker who helped put a lot of affordable housing in New York City. We were talking about how we can put solar power in so that residents have cheaper and cleaner access to power. But we can also put in urban greenery, rooftop gardens, telemedicine, a clinic, a children’s education center. It’s about how to make affordable housing of tomorrow more accessible.\nFrankly, that’s what finance can do. That’s the kind of project that gets me going. That’s humanity and purpose. That’s community development. But without banks, it’s hard to do.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176154365,"gmtCreate":1626874040957,"gmtModify":1703479665317,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>????","listText":"<a href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>????","text":"$STI ETF(ES3.SI)$????","images":[{"img":"https://static.tigerbbs.com/6642667a71931212a7df9d60f7e13375","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176154365","isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146115605,"gmtCreate":1626058621007,"gmtModify":1703752534219,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Buy???","listText":"Buy???","text":"Buy???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146115605","repostId":"1155038838","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149880391,"gmtCreate":1625714352213,"gmtModify":1703746974772,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>?????","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>?????","text":"$NIO Inc.(NIO)$?????","images":[{"img":"https://static.tigerbbs.com/091db52bad2c64b244bbd6ad776e821c","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149880391","isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":155833394,"gmtCreate":1625399748518,"gmtModify":1703741276651,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"really？","listText":"really？","text":"really？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155833394","repostId":"1124717185","repostType":4,"repost":{"id":"1124717185","kind":"news","pubTimestamp":1625371001,"share":"https://ttm.financial/m/news/1124717185?lang=en_US&edition=fundamental","pubTime":"2021-07-04 11:56","market":"us","language":"en","title":"Here's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1124717185","media":"investors","summary":"The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key","content":"<p>The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key for stock investors who want to take advantage of major price moves.</p>\n<p>Supply and demand is one of the bedrock principles of business and economics. A simple recent example is how the price of lumber skyrocketed amid Covid-related shortages.</p>\n<p>In the stock market, the companies seen as the best positioned by big money will see their share price driven higher as demand ramps up. When this happens, supply will also be constricted, as holders will be more reluctant to sell their shares. Thus, supply and demand is the S in IBD'sCAN SLIM investing method, and the subject of the fourth in an Investor's Corner series.</p>\n<p>Legendary IBD founder William O'Neil, writing in his classic tome, \"How to Make Money in Stocks,\" said supply and demand is \"more important than the opinions of all the analysts on Wall Street, no matter what schools they attended, what degrees they earned, or how high their IQs.\"</p>\n<p>Float Size Matters</p>\n<p>A key point to bear in mind is whether the stock you are eying has a large or a small float: the number of shares available for trading. Getting locked into a stock with a small supply of shares means you can be taken on wild rides, both on the upside and the downside.</p>\n<p>On the other hand, investing in a big-cap name with a massive amount of shares outstanding means it is much more difficult for that stock to make big moves. On the plus side, this can also be less stressful on one's stomach.</p>\n<p>The ideal is to find a happy medium — a stock that boasts strong earnings growth, and one that is still expanding by offering new products and services. Also look for one that is attracting the attention of institutional investors. Nevertheless, stocks of companies with any size of capitalization can be bought byCAN SLIM investors.</p>\n<p>Other encouraging signs to look for are companies that are buying back their stock, which reduces the supply of shares in the market.</p>\n<p>How do you measure demand?</p>\n<p>As is often the case when researching a stock, charts are key. Look at the average daily trading volume. Days where the number of shares traded is much higher, or lower, than normal are a key indicator.</p>\n<p>When a share price spikes in big trading volume, this is a clear sign of institutional demand. It is a key indicator that mutual fund managers and other big money buyers, who account for most trading in the stock market, are snapping up a stock. This sort of accumulation is the main driver for big price moves.</p>\n<p>Piggybacking on such action is a proven way for the intelligent investor to succeed. But make sure to carefully study price charts to find stocks that arebreaking out of proper basesor rebounding from key chart levels. When a stock tops abuy point, ideally volume will be at least 40% above average.</p>\n<p>The IBD Stock Checkup is another key tool. Under the supply and demand section, you'll find pass or fail ratings for all key related criteria.</p>\n<p>That includes information on a stock's market capitalization and itsAccumulation/Distribution Rating, which gauges institutional buying and selling over the previous 13 weeks. Also, the percentage change in funds owning a stock and the number of quarters of increasing fund ownership. Look for stocks flashing green lights in all of these areas.</p>","source":"lsy1610449120050","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>Here's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks</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\">\nHere's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-04 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/how-to-invest/investors-corner/heres-how-the-laws-of-supply-and-demand-lead-to-major-moves-for-growth-stocks/?src=A00220><strong>investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key for stock investors who want to take advantage of major price moves.\nSupply and demand is one of ...</p>\n\n<a href=\"https://www.investors.com/how-to-invest/investors-corner/heres-how-the-laws-of-supply-and-demand-lead-to-major-moves-for-growth-stocks/?src=A00220\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investors.com/how-to-invest/investors-corner/heres-how-the-laws-of-supply-and-demand-lead-to-major-moves-for-growth-stocks/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124717185","content_text":"The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key for stock investors who want to take advantage of major price moves.\nSupply and demand is one of the bedrock principles of business and economics. A simple recent example is how the price of lumber skyrocketed amid Covid-related shortages.\nIn the stock market, the companies seen as the best positioned by big money will see their share price driven higher as demand ramps up. When this happens, supply will also be constricted, as holders will be more reluctant to sell their shares. Thus, supply and demand is the S in IBD'sCAN SLIM investing method, and the subject of the fourth in an Investor's Corner series.\nLegendary IBD founder William O'Neil, writing in his classic tome, \"How to Make Money in Stocks,\" said supply and demand is \"more important than the opinions of all the analysts on Wall Street, no matter what schools they attended, what degrees they earned, or how high their IQs.\"\nFloat Size Matters\nA key point to bear in mind is whether the stock you are eying has a large or a small float: the number of shares available for trading. Getting locked into a stock with a small supply of shares means you can be taken on wild rides, both on the upside and the downside.\nOn the other hand, investing in a big-cap name with a massive amount of shares outstanding means it is much more difficult for that stock to make big moves. On the plus side, this can also be less stressful on one's stomach.\nThe ideal is to find a happy medium — a stock that boasts strong earnings growth, and one that is still expanding by offering new products and services. Also look for one that is attracting the attention of institutional investors. Nevertheless, stocks of companies with any size of capitalization can be bought byCAN SLIM investors.\nOther encouraging signs to look for are companies that are buying back their stock, which reduces the supply of shares in the market.\nHow do you measure demand?\nAs is often the case when researching a stock, charts are key. Look at the average daily trading volume. Days where the number of shares traded is much higher, or lower, than normal are a key indicator.\nWhen a share price spikes in big trading volume, this is a clear sign of institutional demand. It is a key indicator that mutual fund managers and other big money buyers, who account for most trading in the stock market, are snapping up a stock. This sort of accumulation is the main driver for big price moves.\nPiggybacking on such action is a proven way for the intelligent investor to succeed. But make sure to carefully study price charts to find stocks that arebreaking out of proper basesor rebounding from key chart levels. When a stock tops abuy point, ideally volume will be at least 40% above average.\nThe IBD Stock Checkup is another key tool. Under the supply and demand section, you'll find pass or fail ratings for all key related criteria.\nThat includes information on a stock's market capitalization and itsAccumulation/Distribution Rating, which gauges institutional buying and selling over the previous 13 weeks. Also, the percentage change in funds owning a stock and the number of quarters of increasing fund ownership. Look for stocks flashing green lights in all of these areas.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800663133,"gmtCreate":1627298639422,"gmtModify":1703487046531,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>[Miser]&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>[Miser]&nbsp;[Miser]&nbsp;","text":"$Apple(AAPL)$[Miser] [Miser]","images":[{"img":"https://static.tigerbbs.com/b3aa2f031fc24f2e493a0c750491cfcb","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800663133","isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":174567892,"gmtCreate":1627113334416,"gmtModify":1703484470862,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"$Apple(AAPL)$[Miser] [Miser] [Miser]","images":[{"img":"https://static.tigerbbs.com/12935af2e4f42eb9299e3b938aab54b1","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174567892","isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":143652643,"gmtCreate":1625793226782,"gmtModify":1703748613014,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>????","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>????","text":"$Apple(AAPL)$????","images":[{"img":"https://static.tigerbbs.com/78c3a5790a503466d683e84a51824a30","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143652643","isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":154243286,"gmtCreate":1625531589545,"gmtModify":1703743069361,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Buy?","listText":"Buy?","text":"Buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154243286","repostId":"1123392624","repostType":4,"repost":{"id":"1123392624","kind":"news","pubTimestamp":1625531264,"share":"https://ttm.financial/m/news/1123392624?lang=en_US&edition=fundamental","pubTime":"2021-07-06 08:27","market":"us","language":"en","title":"Samsung Electronics Q2 profit likely up 38% on strong chip prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1123392624","media":"Reuters","summary":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\n","content":"<li>Summary</li>\n<ul>\n <li>Q2 operating profit estimated at 11.3 trln won</li>\n <li>Surging chip prices, shipments boost profit</li>\n <li>Revenue estimated up 15.4%</li>\n <li>Smartphones shipments likely fell on quarter</li>\n</ul>\n<p>SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p>\n<p>Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p>\n<p>The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p>\n<p>The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p>\n<p>Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p>\n<p>The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p>\n<p>Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p>\n<p>Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p>\n<p>They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p>\n<p>Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p>\n<p>Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p>\n<p>($1 = 1,129.2800 won)</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>Samsung Electronics Q2 profit likely up 38% on strong chip prices</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\">\nSamsung Electronics Q2 profit likely up 38% on strong chip prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 08:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\nRevenue estimated up 15.4%\nSmartphones shipments likely fell on quarter\n\nSEOUL, July 6 (Reuters) - ...</p>\n\n<a href=\"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123392624","content_text":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\nRevenue estimated up 15.4%\nSmartphones shipments likely fell on quarter\n\nSEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.\nOperating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.\nThe South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.\nThe result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.\nSamsung is scheduled to announce preliminary second-quarter results on Wednesday.\nThe company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.\nPrices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.\nProfit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.\nThey estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.\nStill, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment & Securities, as sales slowed for its latest flagship model, launched in mid-January.\nReduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.\n($1 = 1,129.2800 won)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808366263,"gmtCreate":1627558351052,"gmtModify":1703492334755,"author":{"id":"4087812927016950","authorId":"4087812927016950","name":"中丐股代盐人","avatar":"https://static.tigerbbs.com/5f0593f3d09438ee24faf75aad976d22","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087812927016950","authorIdStr":"4087812927016950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808366263","repostId":"1135894112","repostType":4,"repost":{"id":"1135894112","kind":"news","weMediaInfo":{"introduction":"中国最具影响力的财经新闻媒体《财经》携手道琼斯媒体集团，引入百年历史的《巴伦》（Barron's）独家内容，打造涵盖全球金融信息、市场动态、行业分析、公司研究及理财顾问评估的全球投资平台。","home_visible":1,"media_name":"Barrons巴伦","id":"1063202233","head_image":"https://static.tigerbbs.com/dd0fd02e1b0644cdbe57505e702dacab"},"pubTimestamp":1627557081,"share":"https://ttm.financial/m/news/1135894112?lang=en_US&edition=fundamental","pubTime":"2021-07-29 19:11","market":"us","language":"zh","title":"Value stocks are making a comeback! These 10 Stocks Can Beat the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1135894112","media":"Barrons巴伦","summary":"就算成长股的每股收益增长了，但如果增幅低于市场目前的预期，其股价仍然会下跌。\n\n多年来，成长股持续跑赢价值股。2020年底价值股一度反超，但之后再次跑输成长股。\n不过价值投资者不必灰心，一项新研究显示","content":"<p>Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall. Growth stocks have consistently outperformed value stocks over the years. Value stocks once overtook at the end of 2020, but then underperformed growth stocks again.</p><p>But value investors need not be discouraged. A new study shows that there is increasing evidence that value stocks will outperform growth stocks in the next few years.</p><p><img src=\"https://static.tigerbbs.com/6c40db6879c789bc53508092b1e228bb\" tg-width=\"639\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p><p>Value stocks are those stocks that have fallen out of favor, and their share prices have relatively low ratios to indicators such as profits, sales and book value, while growth stocks have relatively high ratios to these indicators.</p><p>While on average value stocks have outperformed growth stocks over the past century, they have uncharacteristically underperformed over the past 15 years. Value stocks began to make a comeback starting in the fall of 2020, but have begun to underperform in recent weeks after months of strong gains. Whether the value stock rally has ended, or whether there will be a period of continuous outperformance of growth stocks after the rally is paused is a question many people are thinking about.</p><p>A new study from AQR Capital Management thinks the answer is the latter. Cliff Asness, the founder of the company, recently focused on the question in a seminar: Can fundamental factors explain that investors are currently valuing growth stocks much higher than value stocks? His answer was: \"No.\"</p><p>To understand the importance of AQR's findings, the first thing to point out is that investors almost always expect higher profits from growth stocks than value stocks, which is what makes such stocks growth stocks. The question is how much more can growth stocks grow than value stocks? How much higher should the valuation be?</p><p>First, let's look at valuation. It is worth pointing out that the previous overtaking of value stocks over growth stocks did not affect investors' collective preference for growth stocks. According to data from Yardeni Research, the average P/E of growth stocks in the S&P 500 is 11.7 points higher than the average P/E of value stocks, almost three times the average gap over the past 10 years. \"AQR uses different research methodologies and definitions of value stocks, all of which come up with similar valuation gaps,\" Asnis said.</p><p>Next, let's look at profits. AQR's research found that the gap between growth and value stocks is not as wide as the P/E gap, looking at analyst forecasts for profits. Analyst forecasts show that the contrast between five-year EPS growth and value stocks is now essentially the same as historical averages for typical growth stocks. Specifically, growth stocks averaged 4.2 percentage points higher than value stocks in their five-year EPS estimates from 1990 to 2017. As of June 30, 2021, the gap was 2.6 percentage points. (The average is a weighted average of 2,000 global stocks.)</p><p>These studies show that profit expectations can't explain why the valuation of growth stocks is so high compared with value stocks.</p><p>Of course, profit growth isn't the only metric that can be used to distinguish growth stocks from value stocks, but in general, Asnis found that when AQR only looks at analysts' profit growth expectations, the conclusions are similar.</p><p>As the fundamental gap between growth stocks and value stocks is expected to continue to be consistent with historical levels, and the valuation gap between the two is much higher than historical levels, Asnis believes that value stocks are \"far more attractive than growth stocks.\"</p><p>AQR's research found that over the next five years, growth stocks are expected to increase annualized EPS by an average of 2.6 percentage points higher than value stocks. But higher profit increases don't necessarily translate into better stock price performance, because a stock's return depends on how well it performs relative to expectations. Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall.</p><p>We can make the assumption that you can bet on any of 10 horses in a horse racing race, and assuming that the favorite horse ends up third and the horse expected to finish tenth finishes seventh, then you can make more money if you place your bet on the latter rather than the former, even though the former still runs much faster than the latter.</p><p>It must be emphasized that while Asnis believes value stocks will outperform growth stocks in the next few years, he recommends that investors diversify their stock portfolios and consider other factors besides value, including quality and kinetic energy.</p><p>For investors looking to increase their holdings in value stocks, ETFs may be the most convenient and cheapest way. Investors looking to pick large-cap value stocks can consider the Vanguard S&P 500 (VOOV), an ETF that is one of the cheapest in its class with a 0.10% fee rate. Investors who want to choose small and mid-cap value stocks can consider Vanguard Russell 2000 Value (VTWV), which has a 0.15% fee rate.</p><p>In terms of individual stocks, the author sorted out the stocks recommended by the best-performing investment briefs in Hulbert Financial Digest. First, he selected all the stocks recommended by at least three of the best-performing investment briefs, and then excluded P/E, price-to-book ratio and stocks with higher price-to-sales ratios than the S&P 500 index.</p><p>The 10 screened stocks listed in the table are arranged by the number of times they have been recommended from top to bottom.</p><p><b>Here are 10 stocks recommended by the best-performing investment briefs</b></p><p><img src=\"https://static.tigerbbs.com/e938b32abd7985bef9ae82b151179b6e\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"></p><p>Note: Data as of July 20, 2021</p><p>SOURCE OF DATA Hulbert Ratings; FactSet</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>Value stocks are making a comeback! These 10 Stocks Can Beat the Market</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\">\nValue stocks are making a comeback! These 10 Stocks Can Beat the Market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1063202233\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/dd0fd02e1b0644cdbe57505e702dacab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Barrons巴伦 </p>\n<p class=\"h-time smaller\">2021-07-29 19:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall. Growth stocks have consistently outperformed value stocks over the years. Value stocks once overtook at the end of 2020, but then underperformed growth stocks again.</p><p>But value investors need not be discouraged. A new study shows that there is increasing evidence that value stocks will outperform growth stocks in the next few years.</p><p><img src=\"https://static.tigerbbs.com/6c40db6879c789bc53508092b1e228bb\" tg-width=\"639\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p><p>Value stocks are those stocks that have fallen out of favor, and their share prices have relatively low ratios to indicators such as profits, sales and book value, while growth stocks have relatively high ratios to these indicators.</p><p>While on average value stocks have outperformed growth stocks over the past century, they have uncharacteristically underperformed over the past 15 years. Value stocks began to make a comeback starting in the fall of 2020, but have begun to underperform in recent weeks after months of strong gains. Whether the value stock rally has ended, or whether there will be a period of continuous outperformance of growth stocks after the rally is paused is a question many people are thinking about.</p><p>A new study from AQR Capital Management thinks the answer is the latter. Cliff Asness, the founder of the company, recently focused on the question in a seminar: Can fundamental factors explain that investors are currently valuing growth stocks much higher than value stocks? His answer was: \"No.\"</p><p>To understand the importance of AQR's findings, the first thing to point out is that investors almost always expect higher profits from growth stocks than value stocks, which is what makes such stocks growth stocks. The question is how much more can growth stocks grow than value stocks? How much higher should the valuation be?</p><p>First, let's look at valuation. It is worth pointing out that the previous overtaking of value stocks over growth stocks did not affect investors' collective preference for growth stocks. According to data from Yardeni Research, the average P/E of growth stocks in the S&P 500 is 11.7 points higher than the average P/E of value stocks, almost three times the average gap over the past 10 years. \"AQR uses different research methodologies and definitions of value stocks, all of which come up with similar valuation gaps,\" Asnis said.</p><p>Next, let's look at profits. AQR's research found that the gap between growth and value stocks is not as wide as the P/E gap, looking at analyst forecasts for profits. Analyst forecasts show that the contrast between five-year EPS growth and value stocks is now essentially the same as historical averages for typical growth stocks. Specifically, growth stocks averaged 4.2 percentage points higher than value stocks in their five-year EPS estimates from 1990 to 2017. As of June 30, 2021, the gap was 2.6 percentage points. (The average is a weighted average of 2,000 global stocks.)</p><p>These studies show that profit expectations can't explain why the valuation of growth stocks is so high compared with value stocks.</p><p>Of course, profit growth isn't the only metric that can be used to distinguish growth stocks from value stocks, but in general, Asnis found that when AQR only looks at analysts' profit growth expectations, the conclusions are similar.</p><p>As the fundamental gap between growth stocks and value stocks is expected to continue to be consistent with historical levels, and the valuation gap between the two is much higher than historical levels, Asnis believes that value stocks are \"far more attractive than growth stocks.\"</p><p>AQR's research found that over the next five years, growth stocks are expected to increase annualized EPS by an average of 2.6 percentage points higher than value stocks. But higher profit increases don't necessarily translate into better stock price performance, because a stock's return depends on how well it performs relative to expectations. Even if growth stocks grow their earnings per share, if the increase is lower than the market currently expects, their stock prices will still fall.</p><p>We can make the assumption that you can bet on any of 10 horses in a horse racing race, and assuming that the favorite horse ends up third and the horse expected to finish tenth finishes seventh, then you can make more money if you place your bet on the latter rather than the former, even though the former still runs much faster than the latter.</p><p>It must be emphasized that while Asnis believes value stocks will outperform growth stocks in the next few years, he recommends that investors diversify their stock portfolios and consider other factors besides value, including quality and kinetic energy.</p><p>For investors looking to increase their holdings in value stocks, ETFs may be the most convenient and cheapest way. Investors looking to pick large-cap value stocks can consider the Vanguard S&P 500 (VOOV), an ETF that is one of the cheapest in its class with a 0.10% fee rate. Investors who want to choose small and mid-cap value stocks can consider Vanguard Russell 2000 Value (VTWV), which has a 0.15% fee rate.</p><p>In terms of individual stocks, the author sorted out the stocks recommended by the best-performing investment briefs in Hulbert Financial Digest. First, he selected all the stocks recommended by at least three of the best-performing investment briefs, and then excluded P/E, price-to-book ratio and stocks with higher price-to-sales ratios than the S&P 500 index.</p><p>The 10 screened stocks listed in the table are arranged by the number of times they have been recommended from top to bottom.</p><p><b>Here are 10 stocks recommended by the best-performing investment briefs</b></p><p><img src=\"https://static.tigerbbs.com/e938b32abd7985bef9ae82b151179b6e\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"></p><p>Note: Data as of July 20, 2021</p><p>SOURCE OF DATA Hulbert Ratings; FactSet</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135894112","content_text":"就算成长股的每股收益增长了，但如果增幅低于市场目前的预期，其股价仍然会下跌。\n\n多年来，成长股持续跑赢价值股。2020年底价值股一度反超，但之后再次跑输成长股。\n不过价值投资者不必灰心，一项新研究显示，越来越多的证据表明未来几年价值股会跑赢成长股。\n\n价值股指的是那些失宠的股票，它们的股价与利润、销售额和账面价值等指标的比率相对较低，成长股股价与这些指标的比率则相对较高。\n虽然平均而言过去一个世纪价值股跑赢成长股，但过去15年却一反常态地跑输。从2020年秋季开始，价值股开始卷土重来，但在连续几个月的强劲上涨后，最近几周又开始跑输。价值股涨势是已经结束、还是涨势暂停后还会迎来一段持续跑赢成长股的时期是许多人在思考的一个问题。\nAQR Capital Management的一项新研究认为答案是后者。该公司创始人克里夫·阿斯尼斯(Cliff Asness)近日在一次研讨会上重点讨论了这样一个问题：基本面因素能否解释投资者目前对成长股的估值远高于价值股？他的回答是：“不能。”\n为了理解AQR的发现的重要性，首先要指出的是，投资者对成长股利润的预期几乎总是比价值股高，这正是让这类股票成为成长股的原因。问题是成长股的增长能比价值股高多少？估值应该高多少？\n首先来看估值。值得指出的是，价值股之前反超成长股并没有影响投资者对成长股的集体偏好。Yardeni Research的数据显示，标普500指数中成长股的平均市盈率比价值股平均市盈率高11.7个点，几乎是过去10年平均差距的三倍。阿斯尼斯说：“AQR使用了不同的研究方法和对价值股的定义，都得出了相似的估值差距。”\n接下来来看利润。AQR的研究发现，从分析师对利润的预测来看，成长股和价值股之间的差距并不像市盈率差距那么大。分析师的预测显示，目前典型成长股的五年每股收益增幅和价值股之间的对比与历史平均水平基本相同。具体来说，从1990年到2017年，成长股的五年每股收益预期增幅平均比价值股高出4.2个百分点。截至2021年6月30日，这一差距为2.6个百分点。（平均数是2000只全球股票的加权平均数。）\n这些研究表明，利润预期无法解释为什么和价值股相比目前成长股的估值如此高。\n当然，利润增长并不是唯一可以用来区分成长股和价值股的指标，但总的来说，阿斯尼斯发现，当AQR只研究分析师的利润增长预期时，得出的结论都是类似的。\n由于预计成长股和价值股在基本面方面的差距将继续和历史水平保持一致，而二者估值差距大大高于历史水平，因此阿斯尼斯认为价值股“远比成长股更有吸引力。”\nAQR的研究发现，未来五年，成长股的年化每股收益增幅预计平均将比价值股高出2.6个百分点。但更高的利润增幅并不一定会转化为更好的股价表现，这是因为股票的回报取决于它相对于预期的表现。就算成长股的每股收益增长了，但如果增幅低于市场目前的预期，其股价仍然会下跌。\n我们可以做这样一个假设：在一场赛马比赛中，你可以在10匹赛马中的任何一匹上下注，假设最被看好的马最终得了第三名，而预计将获得第十名的马得了第七名，那么如果你把赌注压在后者而不是前者身上，你就能赚更多钱，尽管前者仍比后者跑得快得多。\n必须要强调的一点是，虽然阿斯尼斯认为未来几年价值股将跑赢成长股，但他建议投资者的股票投资组合要多样化，除了价值之外还要考虑其他因素，包括质量和动能等。\n对于希望增持价值股的投资者，ETF可能是最方便、最便宜的方式。想选择大盘价值股的投资者可以考虑Vanguard S&P 500 (VOOV)，这只ETF是同类基金中最便宜的之一，费率为0.10%。想选择中小盘价值股的投资者可以考虑Vanguard Russell 2000 Value (VTWV)，该基金的费率为0.15%。\n个股方面，笔者对Hulbert 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