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Terrens
2025-02-07
Deposit funds with Tiger Brokers
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Deposit funds with Tiger Brokers
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Deposit funds with Tiger Brokers
Terrens
2025-02-07
🐍
Terrens
2025-01-20
Deposit funds with Tiger Brokers
Find out more here:
Deposit funds with Tiger Brokers
Receive a S$1,000 welcome bonus!
Deposit funds with Tiger Brokers
Terrens
2025-01-01
Deposit funds with Tiger Brokers
Find out more here:
Deposit funds with Tiger Brokers
Receive a S$1,000 welcome bonus!
Deposit funds with Tiger Brokers
Terrens
2024-10-17
💯
Terrens
2021-06-30
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Why would you choose to cut your losses when a good stock falls out of a golden trap?
Terrens
2021-06-29
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Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.
Terrens
2021-06-27
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International oil prices are soaring as the market awaits next week's OPEC+ meeting.
Terrens
2021-06-26
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Dalio's latest speech: The stock market is not necessarily in a bubble right now.
Terrens
2021-06-25
Ok//
@Kenwen
: k
5 High-Octane Growth Stocks With 54% to 94% Upside, According to Wall Street
Terrens
2021-06-25
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Terrens
2021-06-21
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Terrens
2021-06-18
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Terrens
2021-06-15
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Who is extinguishing the starlight of HarmonyOS?
Terrens
2021-06-07
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A traitor has emerged from the Democratic Party, and Biden has lost the ability to "act unilaterally"?
Terrens
2021-06-05
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Microsoft's $16 billion acquisition of Nuance has been granted U.S. antitrust permission
Terrens
2021-06-04
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Biden changes his tune! Without raising corporate taxes, the three major US stock indexes rebounded collectively.
Terrens
2021-05-30
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Sorry, the original content has been removed
Terrens
2021-05-28
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Retail investors are squeezing shorts again! What else are they buying besides GME and AMC?
Terrens
2021-05-26
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The onshore yuan broke through the 6.4 mark against the US dollar for the first time since June 2018.
Go to Tiger App to see more news
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bonus!","images":[{"img":"https://static.tigerbbs.com/7da129f2111dbd507cec542284f117cc"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/394630249480416","isVote":1,"tweetType":1,"viewCount":4313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":387830287995064,"gmtCreate":1735726632172,"gmtModify":1735729675830,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"Deposit funds with Tiger Brokers","htmlText":"Find out more here:<a href=\"https://tigr.link/to?data=aHR0cHM6Ly93d3cuaXRpZ2VyLmNvbS9zZy9oYW5zL21hcmtldGluZy9TR3dlbGNvbWVyZXdhcmRzLTIwMjVxMT91dG1fY2FtcGFpZ249QUMxNzMzMTIzNDMwODA2d2VHY1hkJnV0bV9tZWRpdW09dGlnZXJfY29tbXVuaXR5JnNoYXJlSUQ9ODU1YzA0NTRjMTMzNjg0ZDYwZDUwZmRiYTM3MGI1MmImaW52aXRlPTRDTDBPWiZsYW5nPWVuX1VTJnBsYXRmb3JtPWFuZHJvaWQmdXRtX3NvdXJjZT1pbnZpdGU=\">Deposit funds with Tiger Brokers</a> Receive a S$1,000 welcome bonus!","listText":"Find out more here:<a href=\"https://tigr.link/to?data=aHR0cHM6Ly93d3cuaXRpZ2VyLmNvbS9zZy9oYW5zL21hcmtldGluZy9TR3dlbGNvbWVyZXdhcmRzLTIwMjVxMT91dG1fY2FtcGFpZ249QUMxNzMzMTIzNDMwODA2d2VHY1hkJnV0bV9tZWRpdW09dGlnZXJfY29tbXVuaXR5JnNoYXJlSUQ9ODU1YzA0NTRjMTMzNjg0ZDYwZDUwZmRiYTM3MGI1MmImaW52aXRlPTRDTDBPWiZsYW5nPWVuX1VTJnBsYXRmb3JtPWFuZHJvaWQmdXRtX3NvdXJjZT1pbnZpdGU=\">Deposit funds with Tiger Brokers</a> Receive a S$1,000 welcome bonus!","text":"Find out more here:Deposit funds with Tiger Brokers Receive a S$1,000 welcome 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10:02","market":"sh","language":"zh","title":"Why would you choose to cut your losses when a good stock falls out of a golden trap?","url":"https://stock-news.laohu8.com/highlight/detail?id=1133732318","media":"苏宁金融研究院","summary":"近期,A股市场持续分化,消费、医药、科技三大主线依旧向好,其他不少板块却震荡不已,尤其是里面一些龙头个股,明明是人人看好的好公司,却跌个不停,持续考验着投资者的信心。\n面对好股票持续下跌,越来越多的投","content":"<p>Recently, the A-share market has continued to diverge. The three main themes of consumption, pharmaceuticals, and technology remain positive, while many other sectors have fluctuated. In particular, some leading stocks, which are clearly favored by everyone, have continued to fall, continuously testing investors' confidence.</p><p>Faced with the continued decline of good stocks, more and more investors are choosing to cut their losses because they can't stand the inner torment and hope that cutting their losses will be the end of it all. You might find temporary psychological relief, but you can't hold onto good stocks. In the long run, investing to get rich becomes just empty talk.</p><p><b>Significant divergence in A-share industries</b></p><p>Strictly speaking, the bull market since 2019 has only been a bull market for some industries; many other industries are in a bear market.</p><p><b>Taking the ten-year trend since 2010 as a measurement range, there are still many industries whose P/E percentile is below 10%, that is, the P/E level is below 90% of the trading days over the past ten years, which is at the bottom of the valuation range. Meanwhile, some industries have P/E percentiles that reach or even exceed 90%, placing them at the top of their valuation range.</b></p><p>On June 23, 2021, the P/E percentiles of five industries—real estate (0.2%), building decoration (1.7%), agriculture, forestry, animal husbandry and fishery (5.9%), media (9%), and non-bank financial institutions (9.4%)—were all below 10%. Meanwhile, the P/E percentiles of food and beverage (95.1%), leisure services (89.7%), and automobiles (89.7%) were around 90%, showing a clear polarization.</p><p><img src=\"https://static.tigerbbs.com/0e5a5386dd588efa779e3aa097423dd6\" tg-width=\"730\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p>Putting A-shares aside, let's first explore a question from the perspective of investment philosophy. As an investor, do you agree with the following view that, in the long run, buying and holding industries with low P/E will significantly outperform industries with high P/E?</p><p>In terms of philosophy, I believe many investors agree with this. Everyone believes that \"buying undervalued and holding for the long term\" is the only way to make money in investing, which is why many people call themselves value investors.</p><p>However, if we return to the reality of A-shares, P/E in sectors such as real estate, construction and decoration, and non-bank financial institutions are currently at historical lows. Would you be willing to buy now and hold them for the long term?</p><p>I believe<b>Once reality returns, many people will hesitate because they can easily find a whole host of reasons to be pessimistic about these industries.</b>For example, in the real estate and building decoration industries, investors might say that the overall logic is broken due to factors such as the principle of \"housing is for living in, not for speculation\" and an aging population. For example, in the insurance industry, people believe that long-term declining interest rates will suppress insurance companies' investment returns, and that the internet will make competition in insurance products more transparent, which will lower the underwriting profits of insurance products, etc.</p><p>Similarly, in terms of investment philosophy, everyone highly praises and agrees with Buffett's saying, \"Be fearful when others are greedy, and be greedy when others are fearful.\" However, during the 2008 financial crisis, the stock market plummeted. When Buffett issued an article calling on everyone to buy stocks, few responded, because given the specific market environment at the time, people could easily find a bunch of reasons to be bearish.</p><p>It is evident that buying or holding stocks that are not favored by the market is never an easy task.</p><p><b>\"This time is different.\"</b></p><p>Many investment gurus have said the same thing: the five most expensive words in investing are \"this time it's different.\"</p><p>The Dutch tulip bubble of the 17th century is the most influential speculative bubble event recorded in human history. People learned many lessons from it, including that any bubble will burst. One hundred years later, during the South China Sea bubble incident, investors thought \"this time is different,\" but the bubble still burst, and a large number of investors went bankrupt. Even during the dot-com speculation bubble of the 1990s, investors still believed that \"this time is different,\" and the result was that the bubble burst and a large number of investors went bankrupt.</p><p>This is true during bubble periods, and it is also true during panic periods.</p><p><b>In terms of concepts, investors believe in mean regression, believe that trees will not grow to the sky, believe that others are greedy and fearful, and believe that others are fearful and greedy. But when we return to the reality of investing, we can always find various reasons to convince ourselves that \"this time is different,\" until we pay a huge price.</b>Three to five years later, everyone will forget their lessons and continue the story of \"this time it's different,\" repeating the cycle.</p><p>Only a few people can break out of this vicious cycle and maintain stable investment returns in the long term. These investors rely on trusting common sense and believing in the regression of the mean. Especially at specific points in time, we should not dwell on the optimistic or pessimistic views of the mainstream market, but rather look at issues from a higher level and a longer-term perspective, and act against the trend. As Peter Lynch said:</p><p>“Whenever I feel worried and disappointed about the big picture, I try to focus on the ‘even bigger picture.’ If you expect to maintain confidence in the stock market, you must understand the concept of the ‘bigger picture.’ The ‘bigger picture’ is looking at the stock market from a longer-term perspective.” From this passage, it can be seen that Peter Lynch is not convincing himself from a rational or logical perspective that the current situation is not worth worrying about. On the contrary, he believes that the situation is worrying and disappointing, but in order not to be affected by this emotion, he uses a longer and farther perspective to convince himself not to be afraid.</p><p>Ultimately,<b>When the market falls into panic, outstanding investors do not refute the market from the facts, but rather take a longer view, using long-term rationality to overcome short-term rationality and simple common sense to overcome panic.</b></p><p>Returning to the A-share market, if an investor holds insurance stocks, the current P/E of the insurance sector is at a ten-year historical low (0.9%). From the perspective of long-term mean reversion, now is the best time to hold firmly and wait for a reversal. However, if we look at the industry fundamentals, many problems remain unanswered in the short term, and there is no hope for the gradual decline in stock prices. It seems that \"the valuation bottom is different this time\".</p><p><img src=\"https://static.tigerbbs.com/90c593b63faa09c6219f83f6c2be0f54\" tg-width=\"730\" tg-height=\"394\" referrerpolicy=\"no-referrer\"></p><p>In fact, it is precisely because it is often difficult to make choices purely from a logical analysis perspective that investors need to rely on investment systems to assist in decision-making.</p><p><b>Breaking out of the logical dead end</b></p><p><b>Every investment system contains many principles of mechanical operation. It is through these principles that investors are able to break out of the dead end of logic and grasp the bigger picture.</b></p><p>In the value investing system, mean regression is the core belief. When fundamentals and market sentiment conflict with it, value investors should stand on the side of mean regression; otherwise, they will not have the courage to hold against the trend.</p><p>For example, during the 2008 financial crisis, the fundamentals were hopeless, and the stock market plummeted. At that time, value investors bought at the bottom not because they saw hope in the Federal Reserve's bailout policy, but because they were mechanically buying based on the belief in \"mean regression\". To put it bluntly, it wasn't because I had much confidence, but simply because the stock market had fallen too badly that I bought it.</p><p>Howard Marks once recalled that he had a leveraged product, and at the height of the crisis, he raised supplementary funds from a pension institution. Howard used historical averages to explain the success rate of investing at this time to investors, only to be repeatedly asked, \"What if things were worse?\"</p><p>Clearly, investors at this point no longer care about historical average performance and have begun to pursue 100% certainty in extreme market environments, abandoning the most basic odds thinking. No one can guarantee 100% certainty, and as a result, Howard failed to raise funds and had to pay out of his own pocket to supplement the funds.</p><p>In hindsight, Howard made a fortune, but he emphasized that being correct after the fact does not mean that the decisions made beforehand were 100% correct. All he could grasp when making his decision was his firm belief in the regression of the mean, and he firmly believed that buying at that time would have an extremely high success rate.</p><p>For investors,<b>Under no circumstances should we walk into a logical dead end by expecting 100% certainty; what is truly important is to always remain skeptical. When pessimism breeds greater pessimism, investors need to rely on skepticism to summon optimism; When optimistic situations breed greater optimism, it is also necessary to rely on skepticism to summon pessimism.</b></p><p>Similarly, investors in A-share sectors such as insurance are unrealistically pursuing 100% certainty if they are still worried about the short-term performance of fundamentals when the sector's P/E is nearing its historical low. What we really need to do now is embrace skepticism, use skepticism to summon optimism, hold firmly with the belief that \"after a sharp drop, it will inevitably rise back,\" and even buy against the trend.</p><p><b>A sluggish market is a good option for value investors.</b></p><p>Regardless of the school of thought, making money in stocks cannot be separated from four words: buy low and sell high. From a value investing perspective, the fundamentals corresponding to buying low and selling high must be pessimistic in the short term and optimistic in the long term. This is the only way to ensure that the price is low when buying and high when selling later. Therefore, a sluggish market is a friend of value investing.</p><p><b>When your stocks continue to fall, examine their fundamentals and repeatedly assess their long-term development prospects. As long as the medium- to long-term prospects are promising and the stock price falls, the fall presents a buying opportunity.</b></p><p>So, when you're right, learn to persevere and be patient. Finally, let's end with an example from Philip A. Fisher:</p><p>“We asked a person to look at the moon at 8 p.m. and then told him that as time went by, the moon would slide across the sky. He would gaze at the moon with great interest and intentness, but he couldn’t feel the moon’s movement. So he just watched it intently and calmly.” At 8:02 a.m., there was still no change in the moon's position. A minute passed, and there was still no movement. Another minute passed, and everything was still the same, so he had no choice but to give up in disappointment. He felt that this kind of thing had no meaning and no value. But at 2 a.m., when he looked up at the sky again, he discovered that the miraculous change that had made him so impatient at 8:04 p.m. had finally occurred.</p>","source":"lsy1568689437122","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>Why would you choose to cut your losses when a good stock falls out of a golden trap?</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\">\nWhy would you choose to cut your losses when a good stock falls out of a golden trap?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">苏宁金融研究院</strong><span class=\"h-time small\">2021-06-30 10:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Recently, the A-share market has continued to diverge. The three main themes of consumption, pharmaceuticals, and technology remain positive, while many other sectors have fluctuated. In particular, some leading stocks, which are clearly favored by everyone, have continued to fall, continuously testing investors' confidence.</p><p>Faced with the continued decline of good stocks, more and more investors are choosing to cut their losses because they can't stand the inner torment and hope that cutting their losses will be the end of it all. You might find temporary psychological relief, but you can't hold onto good stocks. In the long run, investing to get rich becomes just empty talk.</p><p><b>Significant divergence in A-share industries</b></p><p>Strictly speaking, the bull market since 2019 has only been a bull market for some industries; many other industries are in a bear market.</p><p><b>Taking the ten-year trend since 2010 as a measurement range, there are still many industries whose P/E percentile is below 10%, that is, the P/E level is below 90% of the trading days over the past ten years, which is at the bottom of the valuation range. Meanwhile, some industries have P/E percentiles that reach or even exceed 90%, placing them at the top of their valuation range.</b></p><p>On June 23, 2021, the P/E percentiles of five industries—real estate (0.2%), building decoration (1.7%), agriculture, forestry, animal husbandry and fishery (5.9%), media (9%), and non-bank financial institutions (9.4%)—were all below 10%. Meanwhile, the P/E percentiles of food and beverage (95.1%), leisure services (89.7%), and automobiles (89.7%) were around 90%, showing a clear polarization.</p><p><img src=\"https://static.tigerbbs.com/0e5a5386dd588efa779e3aa097423dd6\" tg-width=\"730\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p>Putting A-shares aside, let's first explore a question from the perspective of investment philosophy. As an investor, do you agree with the following view that, in the long run, buying and holding industries with low P/E will significantly outperform industries with high P/E?</p><p>In terms of philosophy, I believe many investors agree with this. Everyone believes that \"buying undervalued and holding for the long term\" is the only way to make money in investing, which is why many people call themselves value investors.</p><p>However, if we return to the reality of A-shares, P/E in sectors such as real estate, construction and decoration, and non-bank financial institutions are currently at historical lows. Would you be willing to buy now and hold them for the long term?</p><p>I believe<b>Once reality returns, many people will hesitate because they can easily find a whole host of reasons to be pessimistic about these industries.</b>For example, in the real estate and building decoration industries, investors might say that the overall logic is broken due to factors such as the principle of \"housing is for living in, not for speculation\" and an aging population. For example, in the insurance industry, people believe that long-term declining interest rates will suppress insurance companies' investment returns, and that the internet will make competition in insurance products more transparent, which will lower the underwriting profits of insurance products, etc.</p><p>Similarly, in terms of investment philosophy, everyone highly praises and agrees with Buffett's saying, \"Be fearful when others are greedy, and be greedy when others are fearful.\" However, during the 2008 financial crisis, the stock market plummeted. When Buffett issued an article calling on everyone to buy stocks, few responded, because given the specific market environment at the time, people could easily find a bunch of reasons to be bearish.</p><p>It is evident that buying or holding stocks that are not favored by the market is never an easy task.</p><p><b>\"This time is different.\"</b></p><p>Many investment gurus have said the same thing: the five most expensive words in investing are \"this time it's different.\"</p><p>The Dutch tulip bubble of the 17th century is the most influential speculative bubble event recorded in human history. People learned many lessons from it, including that any bubble will burst. One hundred years later, during the South China Sea bubble incident, investors thought \"this time is different,\" but the bubble still burst, and a large number of investors went bankrupt. Even during the dot-com speculation bubble of the 1990s, investors still believed that \"this time is different,\" and the result was that the bubble burst and a large number of investors went bankrupt.</p><p>This is true during bubble periods, and it is also true during panic periods.</p><p><b>In terms of concepts, investors believe in mean regression, believe that trees will not grow to the sky, believe that others are greedy and fearful, and believe that others are fearful and greedy. But when we return to the reality of investing, we can always find various reasons to convince ourselves that \"this time is different,\" until we pay a huge price.</b>Three to five years later, everyone will forget their lessons and continue the story of \"this time it's different,\" repeating the cycle.</p><p>Only a few people can break out of this vicious cycle and maintain stable investment returns in the long term. These investors rely on trusting common sense and believing in the regression of the mean. Especially at specific points in time, we should not dwell on the optimistic or pessimistic views of the mainstream market, but rather look at issues from a higher level and a longer-term perspective, and act against the trend. As Peter Lynch said:</p><p>“Whenever I feel worried and disappointed about the big picture, I try to focus on the ‘even bigger picture.’ If you expect to maintain confidence in the stock market, you must understand the concept of the ‘bigger picture.’ The ‘bigger picture’ is looking at the stock market from a longer-term perspective.” From this passage, it can be seen that Peter Lynch is not convincing himself from a rational or logical perspective that the current situation is not worth worrying about. On the contrary, he believes that the situation is worrying and disappointing, but in order not to be affected by this emotion, he uses a longer and farther perspective to convince himself not to be afraid.</p><p>Ultimately,<b>When the market falls into panic, outstanding investors do not refute the market from the facts, but rather take a longer view, using long-term rationality to overcome short-term rationality and simple common sense to overcome panic.</b></p><p>Returning to the A-share market, if an investor holds insurance stocks, the current P/E of the insurance sector is at a ten-year historical low (0.9%). From the perspective of long-term mean reversion, now is the best time to hold firmly and wait for a reversal. However, if we look at the industry fundamentals, many problems remain unanswered in the short term, and there is no hope for the gradual decline in stock prices. It seems that \"the valuation bottom is different this time\".</p><p><img src=\"https://static.tigerbbs.com/90c593b63faa09c6219f83f6c2be0f54\" tg-width=\"730\" tg-height=\"394\" referrerpolicy=\"no-referrer\"></p><p>In fact, it is precisely because it is often difficult to make choices purely from a logical analysis perspective that investors need to rely on investment systems to assist in decision-making.</p><p><b>Breaking out of the logical dead end</b></p><p><b>Every investment system contains many principles of mechanical operation. It is through these principles that investors are able to break out of the dead end of logic and grasp the bigger picture.</b></p><p>In the value investing system, mean regression is the core belief. When fundamentals and market sentiment conflict with it, value investors should stand on the side of mean regression; otherwise, they will not have the courage to hold against the trend.</p><p>For example, during the 2008 financial crisis, the fundamentals were hopeless, and the stock market plummeted. At that time, value investors bought at the bottom not because they saw hope in the Federal Reserve's bailout policy, but because they were mechanically buying based on the belief in \"mean regression\". To put it bluntly, it wasn't because I had much confidence, but simply because the stock market had fallen too badly that I bought it.</p><p>Howard Marks once recalled that he had a leveraged product, and at the height of the crisis, he raised supplementary funds from a pension institution. Howard used historical averages to explain the success rate of investing at this time to investors, only to be repeatedly asked, \"What if things were worse?\"</p><p>Clearly, investors at this point no longer care about historical average performance and have begun to pursue 100% certainty in extreme market environments, abandoning the most basic odds thinking. No one can guarantee 100% certainty, and as a result, Howard failed to raise funds and had to pay out of his own pocket to supplement the funds.</p><p>In hindsight, Howard made a fortune, but he emphasized that being correct after the fact does not mean that the decisions made beforehand were 100% correct. All he could grasp when making his decision was his firm belief in the regression of the mean, and he firmly believed that buying at that time would have an extremely high success rate.</p><p>For investors,<b>Under no circumstances should we walk into a logical dead end by expecting 100% certainty; what is truly important is to always remain skeptical. When pessimism breeds greater pessimism, investors need to rely on skepticism to summon optimism; When optimistic situations breed greater optimism, it is also necessary to rely on skepticism to summon pessimism.</b></p><p>Similarly, investors in A-share sectors such as insurance are unrealistically pursuing 100% certainty if they are still worried about the short-term performance of fundamentals when the sector's P/E is nearing its historical low. What we really need to do now is embrace skepticism, use skepticism to summon optimism, hold firmly with the belief that \"after a sharp drop, it will inevitably rise back,\" and even buy against the trend.</p><p><b>A sluggish market is a good option for value investors.</b></p><p>Regardless of the school of thought, making money in stocks cannot be separated from four words: buy low and sell high. From a value investing perspective, the fundamentals corresponding to buying low and selling high must be pessimistic in the short term and optimistic in the long term. This is the only way to ensure that the price is low when buying and high when selling later. Therefore, a sluggish market is a friend of value investing.</p><p><b>When your stocks continue to fall, examine their fundamentals and repeatedly assess their long-term development prospects. As long as the medium- to long-term prospects are promising and the stock price falls, the fall presents a buying opportunity.</b></p><p>So, when you're right, learn to persevere and be patient. Finally, let's end with an example from Philip A. Fisher:</p><p>“We asked a person to look at the moon at 8 p.m. and then told him that as time went by, the moon would slide across the sky. He would gaze at the moon with great interest and intentness, but he couldn’t feel the moon’s movement. So he just watched it intently and calmly.” At 8:02 a.m., there was still no change in the moon's position. A minute passed, and there was still no movement. Another minute passed, and everything was still the same, so he had no choice but to give up in disappointment. He felt that this kind of thing had no meaning and no value. But at 2 a.m., when he looked up at the sky again, he discovered that the miraculous change that had made him so impatient at 8:04 p.m. had finally occurred.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/2YozTtjsIBm5X9KQ3AmlFg\">苏宁金融研究院</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF华安","IAU":"黄金信托ETF-iShares","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDX":"黄金矿业ETF-VanEck","GLD":"黄金ETF-SPDR","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"source_url":"https://mp.weixin.qq.com/s/2YozTtjsIBm5X9KQ3AmlFg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133732318","content_text":"近期,A股市场持续分化,消费、医药、科技三大主线依旧向好,其他不少板块却震荡不已,尤其是里面一些龙头个股,明明是人人看好的好公司,却跌个不停,持续考验着投资者的信心。\n面对好股票持续下跌,越来越多的投资者选择割肉,因为实在受不了内心煎熬,希望割肉之后一了百了。心理上也许得到一时的解脱,但好股票拿不住,长此以往,投资致富就成了一句空话。\nA股行业大分化\n严格意义上说,2019年以来的牛市,仅是部分行业的牛市,还有很多行业处于熊市行情中。\n以2010年以来的十年走势为计量区间,当前仍有不少行业市盈率的分位值低于10%,即市盈率水平低于十年来90%的交易日,处于估值区间底部;同时,也有一些行业市盈率分位值达到甚至超过90%,处于估值区间顶部。\n2021年6月23日,房地产(0.2%)、建筑装饰(1.7%)、农林牧渔(5.9%)、传媒(9%)、非银金融(9.4%)五个行业的市盈率分位值均低于10%,同时食品饮料(95.1%)、休闲服务(89.7%)、汽车(89.7%)三个行业的市盈率分位值处在90%左右,出现明显的两极分化。\n\n把A股放一边,我们先从投资理念上探讨一个问题,作为投资者,你是否认可以下观点,即:长期来看,买入并持有低市盈率的行业,业绩表现会明显超过买入并持有市盈率处于高位的行业。\n就理念论理念,我相信很多投资者都是认可的,大家都相信“低估买入并长期持有”是投资赚钱的不二法门,这也是很多人自称价值投资者的原因。\n但若我们回归A股现实,当前房地产、建筑装饰、非银金融等行业的市盈率处于历史低位,你是否愿意现在买入并长期持有呢?\n我相信一旦回归现实,很多人会犹豫起来,因为大家能轻易找出一大堆看衰这些行业的理由。比如房地产和建筑装饰业,投资者会说,受房住不炒、人口老龄化等因素影响,大逻辑坏掉了;再比如保险业,大家又认为,长期利率下行压制保险公司投资收益,互联网使保险产品竞争透明化,会拉低保险产品的承保利润,等等。\n同样,从投资理念上,大家对巴菲特的“在别人贪婪的时候恐惧,在别人恐惧的时候贪婪”大加赞赏,深以为然;但2008年金融危机之下,股市跌得令人发吐,巴菲特发文号召大家买入股票时,却响应者寥寥,因为具体到当时的市场环境,大家能轻易找到一堆看空的理由。\n可见,买入或持有不被市场看好的股票,从来就不是一件容易的事。\n“这次不一样”\n很多投资大师说过同样的话,投资中最昂贵的五个字就是“这次不一样”。\n17世纪的荷兰郁金香泡沫是人类历史上有记载的最具影响力的投机泡沫事件,人们从中学到了很多教训,包括任何泡沫都会破灭;100年之后的南海泡沫事件中,投资者认为“这次不一样”,结果泡沫照样破灭,大批投资者破产;一直到上世纪90年代的互联网投机泡沫,投资者依旧认为“这次不一样”,结果依旧是泡沫破灭,大批投资者破产。\n泡沫期如此,恐慌阶段也是如此。\n就理念谈理念,投资者相信均值回归,相信树不会长到天上,相信别人贪婪我恐惧、别人恐惧我贪婪;但回到投资现实时,总是能找到各种理由来说服自己,相信“这次不一样”,直至付出巨大代价。三五年后,大家又会忘记教训,继续着“这次不一样”的故事,周而复始。\n只有少数人能跳出这个怪圈,得以长期保持稳健的投资收益,这些投资者依靠的就是相信常识、相信均值回归。尤其在特定的时间点,不纠结于市场主流的乐观或悲观见解,而是从更高的层面、更远的视角来看问题,做到逆势而动。正如彼得·林奇所说:\n\n “每当我对目前的大局(big picture)感到忧虑和失望时,我就会努力让自己关注于‘更大的大局’(even bigger picture)。如果你期望自己能够对股市保持信心的话,你就一定要了解‘更大的大局’这个概念。‘更大的大局’是从更长更远的眼光来看股市。”\n\n从这段话里可以看出,彼得·林奇并非从理性或逻辑的角度说服自己当前局势不值得忧虑,相反,他也认为局面令人感到忧虑和失望,只是为不受这种情绪影响,他用更长更远的视角来说服自己不恐惧。\n归根结底,当市场陷入恐慌情绪时,卓越的投资者们并非从事实上去驳倒市场,而是把眼光拉长,用长期理性战胜短期理性,用简单常识战胜恐慌情绪。\n回到A股,如果一个投资者持有保险股,当前保险板块市盈率处于十年来历史底部(0.9%)。站在长期均值回归的视角,现在正是坚定持有、等待反转的最佳时点,但如果着眼于行业基本面,很多难题短期内还未见答案,股价阴跌还看不到希望,似乎“这次的估值底部不一样”。\n\n事实上,正是因为很多时候纯粹从逻辑分析层面不好抉择,投资者才需要依靠投资体系辅助决策。\n跳出逻辑死胡同\n任何一个投资体系,都含有很多机械操作的原则,正是依靠这些原则,投资者才得以从逻辑的死胡同中跳脱出来,把握更大的大局。\n在价值投资体系下,均值回归是最核心的信念,当基本面、市场情绪与之相左时,价值投资者应站在均值回归这一边,否则便不可能拥有逆势持有的勇气。\n比如2008年金融危机时,基本面看不到希望,股市更是一泻千里,此时的价值投资者抄底买入,并非从美联储救市政策中看到了希望,而是基于“均值回归”信念进行的机械式买入。说白了,并非因为本身产生了多大的信心,纯粹是因为股市跌得太惨了,所以出手买入。\n霍华德·马克斯曾回忆这段历史,他有一只产品带有杠杆,危机最严重的时候,他曾经向一家养老金机构募集补充资金。霍华德从历史均值出发,向投资者解释此时注资的胜率,结果被一再追问“如果情况更糟一些呢”。\n显然,此时的投资者已不在乎历史平均表现,在极端市场环境下开始追求100%的确定性,放弃了最基本的赔率思维。没有人能保证100%的确定性,结果霍华德募资失败,只好自掏腰包补充资金。\n事后来看,霍华德赚得盘满钵满,但他却强调,事后正确不代表事前决策100%地正确。他决策时所能把握的,只是对均值回归的坚定信念,他坚信当时买入会有极高的胜率。\n对投资者而言,任何情况下都不能因奢求100%的确定性而走入逻辑的死胡同,真正重要的是始终保持怀疑主义。当悲观情绪滋生更大的悲观情绪时,投资者需依靠怀疑主义来召唤乐观主义;当乐观情况滋生更大的乐观情绪时,也需要依靠怀疑主义来召唤悲观主义。\n同样,当前A股诸如保险等板块的投资者,在板块市盈率接近历史底部时,若还在纠结基本面的短期表现,何尝不是不切实际地追求100%的确定性呢。此时真正要做的是拥抱怀疑主义,用怀疑主义来召唤乐观主义,抱着“跌多了必然涨回去”的信念坚定持有,甚至逆势买入。\n行情低迷,是价值投资的朋友\n无论什么流派,炒股赚钱都离不开四个字:低买高卖。站在价值投资的角度看,低买高卖对应的基本面必然是短期悲观、长期看好,这样才能确保前面买入时价格低,后面卖出时价格高。所以,行情低迷,是价值投资的朋友。\n当你持有的股票跌跌不休时,检查其基本面,反复研判其中长期发展前景,只要中长期前景看好,股价下跌,跌出来的正是买入机会。\n所以,当你是对的时候,要学会坚持,多点耐心。最后,我们用菲利普·A·费雪举过的一个例子作为结束:\n\n “我们让一个人在晚上8时的时候去看看月亮,然后告诉他,随着时间的流逝,月亮会滑过天空。他会兴味盎然、聚精会神地去凝视月亮的运动,但却无法感受到月亮的运动。于是,他就这样凝神静气地看下去。\n\n\n 到了8时零2分,仍然看不到月亮的位置有什么变化。过了1分钟,还是没有任何动静,又过了1分钟,一切依然如故,于是他只好失望地放弃。\n\n\n 他觉得这种事没有任何意义,也没有任何价值。\n\n\n 但到了凌晨2时,再次仰望天空的他,却发现晚上8时零4分曾经让他等得不耐烦的神奇变化终于出现了。”","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"DUST":0.9,"IAU":0.9,"GDX":0.9,"SGCmain":0.9,"NUGT":0.9,"GLD":0.9,"GCmain":0.9,"MGCmain":0.9,"SGUmain":0.9}},"isVote":1,"tweetType":1,"viewCount":8202,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574500206068120","idStr":"3574500206068120"},"content":"Now market sell covered call and sell put every week better [LOL] slowly slowly gain","text":"Now market sell covered call and sell put every week better [LOL] slowly slowly gain","html":"Now market sell covered call and sell put every week better [LOL] slowly slowly gain"},{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574500206068120","idStr":"3574500206068120"},"content":"Short those who have gone through a lot of times, don't guess the roof, look at the candle before going to the air, or fall to the force position. Stop putting it on the previous one, or, every time I make a short, I make a backhand long, and I always make a long list of sohai haha","text":"Short those who have gone through a lot of times, don't guess the roof, look at the candle before going to the air, or fall to the force position. Stop putting it on the previous one, or, every time I make a short, I make a backhand long, and I always make a long list of sohai haha","html":"Short those who have gone through a lot of times, don't guess the roof, look at the candle before going to the air, or fall to the force position. Stop putting it on the previous one, or, every time I make a short, I make a backhand long, and I always make a long list of sohai haha"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150773864,"gmtCreate":1624929468758,"gmtModify":1703848127385,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":1,"link":"https://ttm.financial/post/150773864","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","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":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"sh","language":"zh","title":"Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息,本周二奈雪的茶发布公告,公司发行2.57亿股股份,每股定价19.8港元,每手500股,预期将于6月30日上市。分配结果:\n甲组每手500股,一手中签率8%,认购40手稳中一手。\n乙组头","content":"<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</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>Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.</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\">\nNayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.\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\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息,本周二奈雪的茶发布公告,公司发行2.57亿股股份,每股定价19.8港元,每手500股,预期将于6月30日上市。分配结果:\n甲组每手500股,一手中签率8%,认购40手稳中一手。\n乙组头为30万股(600手),获配3000股(6手)。公开发售阶段奈雪的茶获432.03倍认购,分配至公开发售的发售股份最终数目为1.29亿股,占发售股份总数的50%(任何超额配股权获行使前)。合共接获642033份有效申请。\n此外,国际发售获大幅超额认购,发售股份最终数目为1.29亿股(不包括超额分配股份),相当于发售股份总数的50%。\n筹资用途方面,公司拟将收取的全球发售所得款项净额估计约48.4亿港元(假设超额配股权并无获行使)用于以下用途:约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率;约10.0%将在未来三年用于通过强化技术能力,进一步提升整体运营,以提升运营效率;约10.0%将在未来三年用于提升供应链能力,以支持公司的规模扩张;约10.0%将用作营运资金及作一般企业用途。\n据悉,公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店,专注于提供现制茶饮。根据灼识谘询的资料,按2020年零售消费总值计,奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌,市场份额为18.9%。按2020年零售消费总值计,奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌,市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验,公司推出奈雪的茶会员体系及奈雪的茶应用程序,并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年,奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间,并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元,并进一步增至2020年的人民币28.71亿元。\n此外,就2018年及2019年的同店而言,奈雪的茶同店利润率于2018年及2019年维持稳定,分别为24.9%及25.3%。由于COVID-19爆发的影响,就2019年及2020年的同店而言,奈雪的茶同店利润率于2020年为13.5%,而2019年为21.0%。\n于整个往绩记录期间,公司的盈利能力不断提升,总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币,2018~2020年的复合年增长率达67.7%;经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元,并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月,公司录得收入21.15亿元,经调整净利润448.4万元。在疫情影响下,国内食品行业受到较大冲击,公司经调整净利润承压收窄,但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":6144,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574500206068120","idStr":"3574500206068120"},"content":"Sohai one day up one day down","text":"Sohai one day up one day down","html":"Sohai one day up one day down"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124121799,"gmtCreate":1624754683111,"gmtModify":1703844391717,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/124121799","repostId":"1181161116","repostType":4,"repost":{"id":"1181161116","kind":"news","pubTimestamp":1624754107,"share":"https://ttm.financial/m/news/1181161116?lang=en_US&edition=fundamental","pubTime":"2021-06-27 08:35","market":"fut","language":"zh","title":"International oil prices are soaring as the market awaits next week's OPEC+ meeting.","url":"https://stock-news.laohu8.com/highlight/detail?id=1181161116","media":"期货日报","summary":"本周,受国际油价持续上涨影响,能化系期货品种大幅走强,但板块间各品种走势却出现分化。其中,LPG和沥青期货走势偏强。\n“与原油相比,今年沥青一直处于偏弱状态,主要是自身基本面出了较大的问题。”招金期货","content":"<p><div>This week, influenced by the continued rise in international oil prices, energy and chemical futures contracts strengthened significantly, but the performance of various contracts within the sector diverged. Among them, LPG and asphalt futures performed strongly. \"Compared with crude oil, asphalt has been in a weak state this year, mainly due to major fundamental problems,\" Yu Pengsen, an analyst at Zhaojin Futures, told Futures Daily. He added that the asphalt industry's operating rate has not exceeded last year's, and is even lower than the same period in previous years. Demand has not yet started, and inventory is approaching a historical high in nearly eight years. According to Yu Pengsen, it is still the rainy season, actual demand for asphalt is weak, and inventory is also in the fourth quarter...</p><p><a href=\"https://www.cls.cn/detail/777596\">Web page link</a></div></p>","source":"qihuoribao","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>International oil prices are soaring as the market awaits next week's OPEC+ meeting.</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\">\nInternational oil prices are soaring as the market awaits next week's OPEC+ meeting.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">期货日报</strong><span class=\"h-time small\">2021-06-27 08:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>This week, influenced by the continued rise in international oil prices, energy and chemical futures contracts strengthened significantly, but the performance of various contracts within the sector diverged. Among them, LPG and asphalt futures performed strongly. \"Compared with crude oil, asphalt has been in a weak state this year, mainly due to major fundamental problems,\" Yu Pengsen, an analyst at Zhaojin Futures, told Futures Daily. He added that the asphalt industry's operating rate has not exceeded last year's, and is even lower than the same period in previous years. Demand has not yet started, and inventory is approaching a historical high in nearly eight years. According to Yu Pengsen, it is still the rainy season, actual demand for asphalt is weak, and inventory is also in the fourth quarter...</p><p><a href=\"https://www.cls.cn/detail/777596\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.cls.cn/detail/777596\">期货日报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ef375710aa7a4298de56c8827d8139df","relate_stocks":{"UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)"},"source_url":"https://www.cls.cn/detail/777596","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181161116","content_text":"本周,受国际油价持续上涨影响,能化系期货品种大幅走强,但板块间各品种走势却出现分化。其中,LPG和沥青期货走势偏强。\n“与原油相比,今年沥青一直处于偏弱状态,主要是自身基本面出了较大的问题。”招金期货分析师于竼森告诉期货日报记者,沥青行业的开工率并没有超越去年,甚至比往年同期还要偏低,需求一直未能启动,且库存逼近近8年来的历史高位。\n在于竼森看来,当前仍处于雨季,沥青的实际需求偏弱,库存也在4季度前很难出现下滑,因此沥青期货本周的强势上涨,更多是受油价上涨的影响,成本提高推动沥青价格上涨。\n此外,消息面的利好来自于市场关于国家针对地炼企业原油配额缩减问题的解读。部分机构认为,国家今年1—2批次进口原油配额相对去年有了明显的缩量,叠加前期针对稀释沥青的加税问题,会造成地炼企业原材料价格上涨及原材料紧缺,从而导致后期的沥青产量会有所下滑。那么在旺季来临之后,沥青可能会面临比较快速的去库存,而不是前期预期的全年都处于高库存之下。\n尽管沥青本周表现极为强势,远强于其他油品。但有业内人士认为沥青盘面明显超涨,后期走势可能相对于其他油品更弱。\n过去一周,随着市场逐步认识到“稀释沥青”可能长期短缺的问题,对于远期沥青炼厂供应产生担忧,市场看多情绪加重。但在国泰君安期货分析师黄柳楠看来,短期交易视角不应过分聚焦远期市场。“当前山东地区现货对于沥青期货主力合约2109合约的贴水已经超过300元/吨,无风险套利窗口大幅敞开,且沥青与高、低硫燃料油的价差也逼近今年以来的高位,估值已经偏高。”\n“从供需面看,当前绝对库存依旧处于历史最高位,未来2个月不太可能出现缺货的情况,因此沥青利润修复的驱动并不强。”黄柳楠表示,由于今年国内信用扩张停滞,基建工程减少,未来2个月需求端可能不会有逆季节性的扩张,近两日盘面超涨的溢价可能在未来逐步回吐。“考虑到油价下半年重心上移的确定性,沥青价格未来挑战4000元/吨的可能性依旧较大,只是短期背离油价的强势难以持续。”\n值得注意的是,本周LPG期货价格连创新高。东证期货衍生品研究院大宗商品研究主管金晓告诉期货日报记者,一方面,受益于油价持续上涨,相应抬升了LPG期价中枢。另一方面,海外LPG掉期价格在沙特传出出口收紧的消息刺激下一路狂奔。“即将出台的7月沙特CP丙烷价格预计会超过620美元/吨,较上月大涨近100美元/吨,未来进口成本增加的预期是近期国内期价上行的重要驱动。”\nLPG消费本身有一定的季节性,随着主力合约从淡季逐渐转入旺季,市场对旺季抱有期待,乐观情绪在市场中占主导。\n在金晓看来,LPG基本面预期较好。从最新的气象预测来看今年秋冬大概率是中性状态,在12月前后有略超50%的概率转为拉尼娜,未来随着天气转冷燃料消费将有正常的季节性回升。在化工原料需求上,今年全年国内预计有4套PDH新装置投产,此外还有一些可灵活切换原料的乙烯裂解新装置未来可以消化前端炼能扩张带来的LPG国产气增量。“总体上,国内需求增速快于供给增速。这部分需求缺口会对应到国内的进口气增量,是全球需求增量的重要组成部分,亚洲地区LPG价格受到支撑,对国内也意味着进口成本相比去年同期易涨难跌。”\n不过,目前LPG基本面国内外分化的格局短期内仍将持续。据国投安信期货分析师李祖智介绍,国内市场受广州疫情和国产气外放压力增长的影响,价格已显疲态,终端销售压力不断放大。但国际市场方面,美国库存维持低位,而中东短期内增产预期仍不明朗,年内主要潜在供给增量的伊朗也因谈判节奏放缓而有所推迟,国际市场紧平衡格局下的推高动力仍然存在。“在市场格局暂无拐点迹象,同时原油强势的背景下,盘面仍有一定上涨空间。”\n“LPG期价从半年度的时间维度上我们觉得上方仍有空间但过程可能会波折。”金晓认为,由于这一轮海外价格是偏事件驱动的推涨,目前LPG期价位置相对高位,短期要防范沙特消息反转供给边际宽松的回调风险。未来供需基本面环比改善预期可能是直到旺季前半段市场的主要交易逻辑。\n业内人士建议投资者关注下周即将举行的OPEC+会议,这是当前能化市场当前关注的焦点。如果增产幅度超出预期,油价回调的可能性依旧存在,也将一定程度上影响能化板块其他品种的价格走势。","news_type":1,"symbols_score_info":{"DUG":0.9,"SCO":0.9,"USO":0.9,"UWTIF":0.9,"DWTIF":0.9,"BZmain":0.9,"DDG":0.9,"DWT":0.9,"UCO":0.9,"QMmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":5450,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574500206068120","idStr":"3574500206068120"},"content":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","text":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","html":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125696873,"gmtCreate":1624670526592,"gmtModify":1703843191910,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/125696873","repostId":"1186578125","repostType":4,"repost":{"id":"1186578125","kind":"news","pubTimestamp":1624879503,"share":"https://ttm.financial/m/news/1186578125?lang=en_US&edition=fundamental","pubTime":"2021-06-28 19:25","market":"us","language":"zh","title":"Dalio's latest speech: The stock market is not necessarily in a bubble right now.","url":"https://stock-news.laohu8.com/highlight/detail?id=1186578125","media":"人民币交易与研究","summary":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文,介绍自己衡量泡沫的六项指标,并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中,达里奥表示,","content":"<p>On June 24, Dalio, founder of Bridgewater Associates, the world's largest hedge fund, posted two tweets introducing his six metrics for measuring bubbles and released a 10-minute video explaining his views on the current stock market bubble.</p><p>In the video, which was requested by the Robin Hood Foundation to explain the stock bubble, Dalio stated that while indicators show that some stocks currently \"have a bubble,\" the stock market is not necessarily in a bubble right now.</p><p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>\"By bubble, I mean unsustainably high prices, and I measure it using six metrics,\" Dalio tweeted, noting that investors need to pay attention to signs such as buyer leverage levels and the number of new buyers.</p><p>In fact, as early as mid-May, Dalio shared his research on stock market bubbles on his official WeChat account, detailing these six systemic \"bubble indicators,\" including price, bullish sentiment, and leverage:</p><p>1. How high is the price compared to traditional measurement standards?</p><p>2. Do prices reflect an unsustainable situation?</p><p>3. How many new buyers (i.e., people who were not previously in the market) entered the market?</p><p>4. How widespread is bullish sentiment?</p><p>5. Does the trade rely on high leverage?</p><p>6. Do buyers engage in excessive forward trading (such as building inventory, entering into forward agreements, etc.) to speculate or protect themselves from future price increases?</p><p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p><p>The following is the full text of the video presentation titled \"Is the Stock Market Currently in a Bubble?\"</p><p>Hello everyone, it's great to be here on behalf of everyone who has been helped by Robin Hood (the Foundation).</p><p>You know, I knew Robin Hood because I knew Paul Tudor Jones when Robin Hood was a glimmer of light in his eyes. He would play basketball with the kids in the Bed Stuy neighborhood, and I was fortunate to see him and all the staff at the Robin Hood Foundation helping alleviate poverty in America in a very personal and efficient way, and to be a part of it. Everything you've done has been wonderful, so I just want to thank you for everything you've done and tell you how happy I am to be able to come here and do my small part.</p><p>I was asked to talk about bubbles, whether the market, the stock market, is in a bubble, and what kind of bubble it is. I just want to give you some thoughts on this problem, I only have about 10 minutes. So I want to speak quickly. A few years ago, I started thinking: What is a bubble? When we are in a bubble, what do I mean by bubble? Because in my 50-year investment career, I have seen many bubbles.</p><p>There are six things in my mind that I basically think will cause a bubble, and I've listed them one by one. Now, look at them so that you know what I'm talking about.</p><p>First, as you know, how high our prices are relative to traditional price measures is a consideration. For example, you know things like our PSI or yield, which is a consideration, but it's not what I'm talking about as a bubble.</p><p>For example, high prices and low returns may occur, and this situation can last for a long time. However, this does not mean that the bubble will burst; it is just one of the components.</p><p>Second, price reflects unsustainable conditions, referring to the nature of the buyer, who is buying, and how they are buying. Unsustainable conditions can lead to price adjustments or declines, and then a third speculative factor emerges—new buyers are attracted to the market.</p><p>You know, it’s like a cocktail party where some people who never attend show up, which is investing in certain assets, maybe tech stocks, maybe real estate, but either way, everyone thinks that not holding those things will make them feel stupid, and so on.</p><p>The fifth is the large purchase of forward \"contracts,\" such as someone buying an apartment they don't know about because they think it will rise, or using the era of large-scale commodity trading as an example. I would observe people who use commodities, who buy a large number of forward contracts. In other words, buy inventory to protect yourself from rising prices.</p><p>So when they leave the market—as we've seen recently in the commodities market—when they sell forward contracts and prices continue to fall, they say, \"I don't want it either.\"</p><p>When prices rise, they will say that we need to implement premium protection to hedge against the price increase. Therefore, buyers who extend these forward purchases are a (bubble) indicator.</p><p>I use this table to show the entire stock market, and I apply this framework to basically all assets, and use a systematic approach to try to determine which ones are in a bubble. In my opinion, among all kinds of stocks, some have bubbles and some do not, and the entire stock market is as this chart shows.</p><p>This chart dates back to 1910 and is an indicator of the extent of the bubble. You can see that there is a bubble now, but it is not as high as in 2000 and 1929, but it is higher than in 2007.</p><p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p><p>Let's look at stocks with bubbles; according to these criteria, many stocks do not have bubbles.</p><p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>This chart dates back to 1995. Compared to 2000, the market capitalization of the top 1,000 companies has a bubble of about 5%, and the share of the entire S&P 500 index with a bubble is about 2%. Although not as high as in 2000, it is higher than in 2007.</p><p>Now let's look at the next chart showing bubble stocks.</p><p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p>When I separate these bubble stocks from the S&P 500 index, I can see that the proportion of bubble stocks in the broader market is decreasing. I believe this situation is likely to continue, but we are currently in a bubble. One problem is that bubbles can expand and contract, and timing is a big issue.</p><p>The chart below dates back to 1900. The chart above shows the ratio of debt to gross domestic product (GDP), the blue line below shows the interest rate, and the red line shows the scale of money printing, which is the amount of money flowing in. So you can see that when debt accumulates, as is the case now, and near-zero interest rates are implemented, both conditions exist simultaneously, and money is printed in large quantities.</p><p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>This is a key factor in bubbles because there is a lot of liquidity entering the market, and then a lot of money drives up the prices of various assets, so you can see that when the blue line touches zero, the red line rises sharply. A large amount of liquidity, massive debt financing, and debt monetization have created a typical bubble.</p><p>Other factors that can create bubbles are new stock listings, especially if they are not profitable, or in many cases have no prospect of profitability.</p><p>These are also considerations for bubbles, so I would say that you cannot say that the current stock market is in the highest degree of bubble. You must distinguish which stocks are in a bubble or have always been in a bubble. Which stocks are not? In fact, many stocks are not currently in a bubble.</p><p>So I hope this gives you some insight into bubbles, how I view them, and where we are right now. Thank you.</p>","source":"lsy1574157197600","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>Dalio's latest speech: The stock market is not necessarily in a bubble right now.</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\">\nDalio's latest speech: The stock market is not necessarily in a bubble right now.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">人民币交易与研究</strong><span class=\"h-time small\">2021-06-28 19:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 24, Dalio, founder of Bridgewater Associates, the world's largest hedge fund, posted two tweets introducing his six metrics for measuring bubbles and released a 10-minute video explaining his views on the current stock market bubble.</p><p>In the video, which was requested by the Robin Hood Foundation to explain the stock bubble, Dalio stated that while indicators show that some stocks currently \"have a bubble,\" the stock market is not necessarily in a bubble right now.</p><p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>\"By bubble, I mean unsustainably high prices, and I measure it using six metrics,\" Dalio tweeted, noting that investors need to pay attention to signs such as buyer leverage levels and the number of new buyers.</p><p>In fact, as early as mid-May, Dalio shared his research on stock market bubbles on his official WeChat account, detailing these six systemic \"bubble indicators,\" including price, bullish sentiment, and leverage:</p><p>1. How high is the price compared to traditional measurement standards?</p><p>2. Do prices reflect an unsustainable situation?</p><p>3. How many new buyers (i.e., people who were not previously in the market) entered the market?</p><p>4. How widespread is bullish sentiment?</p><p>5. Does the trade rely on high leverage?</p><p>6. Do buyers engage in excessive forward trading (such as building inventory, entering into forward agreements, etc.) to speculate or protect themselves from future price increases?</p><p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p><p>The following is the full text of the video presentation titled \"Is the Stock Market Currently in a Bubble?\"</p><p>Hello everyone, it's great to be here on behalf of everyone who has been helped by Robin Hood (the Foundation).</p><p>You know, I knew Robin Hood because I knew Paul Tudor Jones when Robin Hood was a glimmer of light in his eyes. He would play basketball with the kids in the Bed Stuy neighborhood, and I was fortunate to see him and all the staff at the Robin Hood Foundation helping alleviate poverty in America in a very personal and efficient way, and to be a part of it. Everything you've done has been wonderful, so I just want to thank you for everything you've done and tell you how happy I am to be able to come here and do my small part.</p><p>I was asked to talk about bubbles, whether the market, the stock market, is in a bubble, and what kind of bubble it is. I just want to give you some thoughts on this problem, I only have about 10 minutes. So I want to speak quickly. A few years ago, I started thinking: What is a bubble? When we are in a bubble, what do I mean by bubble? Because in my 50-year investment career, I have seen many bubbles.</p><p>There are six things in my mind that I basically think will cause a bubble, and I've listed them one by one. Now, look at them so that you know what I'm talking about.</p><p>First, as you know, how high our prices are relative to traditional price measures is a consideration. For example, you know things like our PSI or yield, which is a consideration, but it's not what I'm talking about as a bubble.</p><p>For example, high prices and low returns may occur, and this situation can last for a long time. However, this does not mean that the bubble will burst; it is just one of the components.</p><p>Second, price reflects unsustainable conditions, referring to the nature of the buyer, who is buying, and how they are buying. Unsustainable conditions can lead to price adjustments or declines, and then a third speculative factor emerges—new buyers are attracted to the market.</p><p>You know, it’s like a cocktail party where some people who never attend show up, which is investing in certain assets, maybe tech stocks, maybe real estate, but either way, everyone thinks that not holding those things will make them feel stupid, and so on.</p><p>The fifth is the large purchase of forward \"contracts,\" such as someone buying an apartment they don't know about because they think it will rise, or using the era of large-scale commodity trading as an example. I would observe people who use commodities, who buy a large number of forward contracts. In other words, buy inventory to protect yourself from rising prices.</p><p>So when they leave the market—as we've seen recently in the commodities market—when they sell forward contracts and prices continue to fall, they say, \"I don't want it either.\"</p><p>When prices rise, they will say that we need to implement premium protection to hedge against the price increase. Therefore, buyers who extend these forward purchases are a (bubble) indicator.</p><p>I use this table to show the entire stock market, and I apply this framework to basically all assets, and use a systematic approach to try to determine which ones are in a bubble. In my opinion, among all kinds of stocks, some have bubbles and some do not, and the entire stock market is as this chart shows.</p><p>This chart dates back to 1910 and is an indicator of the extent of the bubble. You can see that there is a bubble now, but it is not as high as in 2000 and 1929, but it is higher than in 2007.</p><p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p><p>Let's look at stocks with bubbles; according to these criteria, many stocks do not have bubbles.</p><p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>This chart dates back to 1995. Compared to 2000, the market capitalization of the top 1,000 companies has a bubble of about 5%, and the share of the entire S&P 500 index with a bubble is about 2%. Although not as high as in 2000, it is higher than in 2007.</p><p>Now let's look at the next chart showing bubble stocks.</p><p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p>When I separate these bubble stocks from the S&P 500 index, I can see that the proportion of bubble stocks in the broader market is decreasing. I believe this situation is likely to continue, but we are currently in a bubble. One problem is that bubbles can expand and contract, and timing is a big issue.</p><p>The chart below dates back to 1900. The chart above shows the ratio of debt to gross domestic product (GDP), the blue line below shows the interest rate, and the red line shows the scale of money printing, which is the amount of money flowing in. So you can see that when debt accumulates, as is the case now, and near-zero interest rates are implemented, both conditions exist simultaneously, and money is printed in large quantities.</p><p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>This is a key factor in bubbles because there is a lot of liquidity entering the market, and then a lot of money drives up the prices of various assets, so you can see that when the blue line touches zero, the red line rises sharply. A large amount of liquidity, massive debt financing, and debt monetization have created a typical bubble.</p><p>Other factors that can create bubbles are new stock listings, especially if they are not profitable, or in many cases have no prospect of profitability.</p><p>These are also considerations for bubbles, so I would say that you cannot say that the current stock market is in the highest degree of bubble. You must distinguish which stocks are in a bubble or have always been in a bubble. Which stocks are not? In fact, many stocks are not currently in a bubble.</p><p>So I hope this gives you some insight into bubbles, how I view them, and where we are right now. Thank you.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w\">人民币交易与研究</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186578125","content_text":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文,介绍自己衡量泡沫的六项指标,并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中,达里奥表示,虽然指标显示一些股票目前“存在泡沫”,但股市眼下不一定处于泡沫中。\n\n达里奥在推文中写道,“我所说的泡沫是指不可持续的高价,我用六项指标来衡量它”,并指出投资者需关注买家杠杆水平和新买家数量等迹象。\n事实上,早在5月中旬时,达里奥就曾在公众号分享了他对股市泡沫的研究,详述了这六种系统性“泡沫指标”,包括价格、看涨情绪、杠杆高低等:\n1. 相对传统的衡量标准,价格有多高?\n2. 价格是否反映了不可持续的状况?\n3. 有多少新买家(即之前不在市场里的人)进入了市场?\n4. 看涨情绪有多普遍?\n5. 交易是否依赖高杠杆的支撑?\n6. 买家是否过度进行远期交易(如建立库存、签订远期协议等)来投机或保护自己免受未来价格上涨的影响?\n\n以下是这个名为《股市目前是否处于泡沫中?》的视频演讲全文:\n大家好,很高兴能代表所有被罗宾汉(基金会)帮助过的人来到这里。\n你们知道,知道罗宾汉,是因为我认识保罗·都铎·琼斯,当时罗宾汉是他眼里的一抹微光,他会在贝德福德-斯图文森特街区(Bed Stuy)和孩子们一起打篮球,我很幸运能够看到他和罗宾汉基金的所有工作人员,以一种非常个人化和高效的方式来帮助减轻美国的贫困,并且能够成为其中的一员。你们所做的一切都很棒,所以我只想感谢你们所做的一切,并且告诉你们能够来到这里并尽我的微薄之力,我有多么高兴。\n我被要求谈论泡沫,市场、股市是否处于泡沫中,以及什么样的泡沫。我只想给你们一些关于这个问题的想法,我只有大约10分钟的时间。所以我想讲快点,几年前,我开始思考:什么是泡沫?当我们身处泡沫中时,我所说的泡沫是指什么?因为在我50年的投资生涯中,我看到了很多泡沫。\n在我脑海中,有六件事是我基本上认为会导致产生泡沫的,我将他们一一列举出来。现在,看着它们,以便您知道我在说什么。\n首先,您知道,我们的价格相对于传统的价格衡量标准有多高是一个考虑因素。例如,你知道我们的PSI或收益率之类的东西,这是一个考虑因素,但这不是我所说的泡沫。\n比方说,可能出现价格高回报低的现象,而且这种情况可以持续很长时间,但这并不意味着泡沫会破灭,只是其中一个组成因素。\n第二,价格是反映不可持续的条件,这里指的是买方的性质,谁在买入和如何买入,不可持续的条件会产生了价格调整或下跌,然后就出现了第三个投机因素——市场上的新买家被吸引了。\n您知道,这就像鸡尾酒会,有些从不参加的人出现了,也就是投资了某些资产,可能是科技股,也可能是房地产,但无论如何,每个人都想,没有持有这些东西会让他们觉得自己很蠢,诸如此类。\n第五项是大额购买远期“合约”,比如有人买了他们不了解的公寓,因为他们认为公寓会上涨,或者用大规模交易大宗商品的年代来举例。我会观察那些使用大宗商品的人,他们购买了大量远期合约。换句话说,购买库存以保护自己免受价格上涨的影响。\n所以当他们离场的时候——正如我们最近在大宗商品市场看到的——当他们抛售远期合约时,价格持续下跌,他们会说“我也不想要它”。\n而当价格上涨时,他们会说我们要进行溢价保护,对冲价格上涨。所以,延长了这些远期购买的买家是一个(泡沫)指标。\n我用这张表显示整个股市,我把这个框架基本上应用到所有资产上,并且使用一种系统化的方法,试图判断哪些处在泡沫中。在我看来,在各种各样的股票中,有些存在泡沫,有些则没有,而整个股市正如这张图表所显示的。\n这张图表可以追溯到1910年,它是一个彰显泡沫程度的指标。你可以看到当前是有泡沫的,但没有2000年和1929年那么高,不过高于2007年。\n\n让我们看看存在泡沫的股票,根据这些标准,很多股票没有泡沫。\n\n这张图表追溯到1995年,与2000年相比,前1000名的企业市值存在泡沫比例约为5%,整个标普500指数存在泡沫的份额约为2%,虽然不如2000年高,但比2007年高。\n现在来看下一张显示了泡沫股票的图表。\n\n我把这些泡沫股票与标准普尔500指数分离,可以看到泡沫股在大盘中的比例下降,我相信这种情况很可能会持续下去,但目前处于泡沫之中。其中一个问题是,泡沫可以扩张和收缩,时机是个大问题。\n下面这张图表可以追溯到1900年,上图显示的是债务与国内生产总值(GDP)之比,下图中蓝线显示的是利率,红线显示印钞规模,也就是流入的货币量。所以你可以看到当债务累加时,就像现在的情况,并且实施近零利率,这两种情况同时存在时就会大肆印钞。\n\n这是泡沫的一个关键因素,因为有大量的流动性进入市场,然后有很多资金哄抬各种各样的资产价格,所以你可以看到,当蓝线触及零时,红线大幅上行。大量流动性,大量的债务融资和债务货币化形成了一个典型的泡沫。\n其他可能产生泡沫的因素则是新股上市,特别是如果它们没有盈利,或者是在许多情况下没有盈利的前景。\n这些也是泡沫的考虑因素,所以我想说,你不能说当前的股市处于最高程度的泡沫,你必须区分哪些股票正处于泡沫中、或者一直处于泡沫中;哪些股票没有,实际上目前有许多股票并没有处于泡沫中。\n所以我希望这能让你对泡沫有所了解、我如何看待它们以及我们目前处于什么位置。谢谢。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126746181,"gmtCreate":1624586066243,"gmtModify":1703841016063,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"Ok//<a href=\"https://laohu8.com/U/3574500206068120\">@Kenwen</a>: k","listText":"Ok//<a href=\"https://laohu8.com/U/3574500206068120\">@Kenwen</a>: k","text":"Ok//@Kenwen: k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/126746181","repostId":"1166056944","repostType":4,"repost":{"id":"1166056944","kind":"news","pubTimestamp":1623160615,"share":"https://ttm.financial/m/news/1166056944?lang=en_US&edition=fundamental","pubTime":"2021-06-08 21:56","market":"us","language":"en","title":"5 High-Octane Growth Stocks With 54% to 94% Upside, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1166056944","media":"Motley Fool","summary":"If analysts are correct, this assortment of rapidly growing companies could deliver big-time returns","content":"<blockquote><b>If analysts are correct, this assortment of rapidly growing companies could deliver big-time returns over the next year.</b></blockquote><p>For the past 12 years, growth stocks have been the key to sending the broader market higher. Even though value stocks have been the better performer of the two categories over the very long-term, historically low lending rates and trillions of dollars being pumped into the U.S. economy have created a perfect storm for growth stocks to thrive.</p><p>Yet according to Wall Street's one-year consensus price targets, somegrowth stocksaren't anywhere near realizing their full potential. If analysts' consensus price targets prove accurate, the following five high-octane growth stocks offer upside ranging from 54% to 94% over the next year.</p><p><b>Vaxart: Implied upside of 94%</b></p><p>The supercharged growth stock on this list with thegreatest implied upsideover the coming 12 months is clinical-stagebiotech stock<b>Vaxart</b>(NASDAQ:VXRT). If you're wondering why I've included a clinical-stage drug developer, it's because all of the analysts covering it are forecasting recurring sales for the company, beginning in 2022. If Wall Street's estimates are correct, Vaxart's stock could nearly double from where it closed this past week.</p><p>What makes Vaxart such a unique drug developer is its approach to developing treatments. Specifically, it develops oral recombinant vaccines, rather than vaccines administered by injection. It should be a lot easier to dispense and administer pills than injections, which could resolve factors like shot hesitancy and vaccine access.</p><p>Even though it has multiple treatments in the works, most of the buzz surrounding Vaxart has to do with its work in the lab on VXA-CoV2-1, an experimental oral tablet to treat the coronavirus disease 2019 (COVID-19). Data from a phase 1 study in February showed VXA-CoV2-1 met all of its primary and secondary safety and immunogenicity endpoints. The data also signaled that Vaxart's oral treatment may be effective against COVID-19 variants.</p><p>Though it's probablya bit too earlyto get overly excited about Vaxart, it's a name worth closely monitoring.</p><p><b>Trulieve Cannabis: Implied upside of 88%</b></p><p>It's no secret that cannabis is set to be one of North America's fastest-growing industries this decade. But amongmarijuana stocks, U.S. multistate operator (MSO)<b>Trulieve Cannabis</b>(OTC:TCNNF)offers some of the most robust upside. If Wall Street's consensus price target of a little over $72 is correct, Trulieve could gallop higher by 88% over the coming year.</p><p>There are a lot of unique growth strategies among MSOs, but none hasproved more successful than Trulieve's blueprint. At the moment, Trulieve has 88 operational dispensaries. But here's the kicker: 82 of them are located in medical marijuana-legal Florida. By focusing its efforts on a single big-dollar state, Trulieve has been able to saturate the market, effectively build up its brand, and keep its marketing costs down. The company has been profitable for 13 consecutive quarters, and as of the end of 2020 controlled 53% of the Sunshine State's dried flower market and 49% of its high-margin cannabinoid oils market.</p><p>Equally intriguing is Trulieve's recently announced all-stock deal to acquire MSO<b>Harvest Health & Recreation</b>(OTC:HRVSF)for $2.1 billion. Harvest has a focus on five states, one of which happens to be Florida. Aside from solidifying an even bigger presence in the Sunshine State, Trulieve will gain access to Harvest's state-leading 15 dispensaries in Arizona. The Grand Canyon State legalized recreational weed in November. There's a good chance Trulieve can use Harvest's infrastructure to duplicate its success in Arizona.</p><p><b>Magnite: Implied upside of 59%</b></p><p>Another high-octane growth stock with significant upside potential, according to Wall Street, is sell-side advertising technology platform<b>Magnite</b>(NASDAQ:MGNI). If analysts are correct about Magnite hitting nearly $46 a share in 12 months, it would represent upside potential of 59%.</p><p>Magnite finds itself at the center of a double-digit growth trend that should last for a long time to come. As consumers cut the cord to traditional cable and shift to other forms of entertainment and content consumption, businesseswill be more likely to shift their advertising dollarsonline, to apps, and to streaming/connected TV (CTV). Although mobile platforms accounted for almost half of Magnite's revenue last year, it's CTV that looks to be the most intriguing long-term growth driver.</p><p>One of thebiggest boostsfor Magnite should come from its recently closed cash-and-stock acquisition of SpotX. SpotX generated $31.2 million in sales (less traffic acquisition costs) in the first quarter, with $19.7 million of this net revenue attributable to CTV. That was up 70% from the prior-year period. The now-combined company has sell-side ad platform exposure to the likes of<b>fuboTV</b>,<b>Roku</b>,<b>Disney</b>, and WarnerMedia, to name a few leading platforms.</p><p>With Magnite profitable on a recurring basis and fully capable of sustainable double-digit growth, a 59% 12-month return isn't out of the question.</p><p><b>Teladoc Health: Implied upside of 56%</b></p><p>Transformativehealthcare stock<b>Teladoc Health</b>(NYSE:TDOC)is also expected to offer abundant upside potential. Based on Wall Street's consensus price target of around $229, Teladoc could rise by a cool 56% over the next 12 months.</p><p>A lot of folks view Teladoc asone of the biggest winners during the COVID-19 pandemic. With doctors wanting to keep high-risk people and infected patients out of their offices, many turned to virtual visits. Teladoc ultimately handled 10.59 million telehealth visits last year, up from 4.14 million in 2019. But these folks are probably overlooking that Teladoc grew sales by an annual average of 74% in the six years leading up to the pandemic.</p><p>What makes telemedicine such a winning trend is that itoffers advantages up and down the treatment chain. Telehealth allows patients to stay home for consultations, and it's a tool physicians can use to keep closer tabs on their chronically ill patients. This ease of oversight could result in improved patient outcomes. It also doesn't hurt that virtual visits are billed at a lower rate than office visits.</p><p>Following its acquisition of leading applied health signals company Livongo Health in the fourth quarter, Teladoc has all the tools needed to provide next-level personalized care. In other words, this price target looks very realistic over the next year.</p><p>Plug Power: Implied upside of 54%</p><p>Finally, hydrogen fuel-cell solutions company<b>Plug Power</b>(NASDAQ:PLUG)is a (pardon the irony) high-octane growth stock with ample upside. If analysts are correct about its price target of almost $47 in a year, Plug could deliver a 54% return to its shareholders.</p><p>The big buzz with Plug Power is the push by developed countries, including the U.S., to renewable sources of energy. President Biden has proposed a massive infrastructure bill tailored to renewable energy projects, which signals the federal government's willingness to invest in clean-energy solutions.</p><p>Since the year began, Plug Power landed two major joint venture partners. South Korea's SK Group took a 10% equity stake in Plug and will work with the company to develop hydrogen fuel-cell solutions for vehicles and refilling stations. Meanwhile, French auto company<b>Renault</b>formed a joint venture with Plug to tackle Europe's light commercial vehicle market. Following these joint venture announcements, the companyintroduced a gross billings target of $1.7 billion by 2024, which would almost quadruple its forecasted sales for 2021.</p><p>Whether it'll be smooth sailingremains to be seen. The company recently restated years' worth of its income statements, and history hasn't always been kind to the introduction of new automotive technology.</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>5 High-Octane Growth Stocks With 54% to 94% Upside, According to Wall Street</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\">\n5 High-Octane Growth Stocks With 54% to 94% Upside, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 21:56 GMT+8 <a href=https://www.fool.com/investing/2021/06/08/5-high-octane-growth-stocks-with-54-to-94-upside/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If analysts are correct, this assortment of rapidly growing companies could deliver big-time returns over the next year.For the past 12 years, growth stocks have been the key to sending the broader ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/08/5-high-octane-growth-stocks-with-54-to-94-upside/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCNNF":"TRULIEVE CANNABIS CORP","PLUG":"普拉格能源","VXRT":"Vaxart, Inc.","TDOC":"Teladoc Health Inc.","MGNI":"Magnite, Inc."},"source_url":"https://www.fool.com/investing/2021/06/08/5-high-octane-growth-stocks-with-54-to-94-upside/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166056944","content_text":"If analysts are correct, this assortment of rapidly growing companies could deliver big-time returns over the next year.For the past 12 years, growth stocks have been the key to sending the broader market higher. Even though value stocks have been the better performer of the two categories over the very long-term, historically low lending rates and trillions of dollars being pumped into the U.S. economy have created a perfect storm for growth stocks to thrive.Yet according to Wall Street's one-year consensus price targets, somegrowth stocksaren't anywhere near realizing their full potential. If analysts' consensus price targets prove accurate, the following five high-octane growth stocks offer upside ranging from 54% to 94% over the next year.Vaxart: Implied upside of 94%The supercharged growth stock on this list with thegreatest implied upsideover the coming 12 months is clinical-stagebiotech stockVaxart(NASDAQ:VXRT). If you're wondering why I've included a clinical-stage drug developer, it's because all of the analysts covering it are forecasting recurring sales for the company, beginning in 2022. If Wall Street's estimates are correct, Vaxart's stock could nearly double from where it closed this past week.What makes Vaxart such a unique drug developer is its approach to developing treatments. Specifically, it develops oral recombinant vaccines, rather than vaccines administered by injection. It should be a lot easier to dispense and administer pills than injections, which could resolve factors like shot hesitancy and vaccine access.Even though it has multiple treatments in the works, most of the buzz surrounding Vaxart has to do with its work in the lab on VXA-CoV2-1, an experimental oral tablet to treat the coronavirus disease 2019 (COVID-19). Data from a phase 1 study in February showed VXA-CoV2-1 met all of its primary and secondary safety and immunogenicity endpoints. The data also signaled that Vaxart's oral treatment may be effective against COVID-19 variants.Though it's probablya bit too earlyto get overly excited about Vaxart, it's a name worth closely monitoring.Trulieve Cannabis: Implied upside of 88%It's no secret that cannabis is set to be one of North America's fastest-growing industries this decade. But amongmarijuana stocks, U.S. multistate operator (MSO)Trulieve Cannabis(OTC:TCNNF)offers some of the most robust upside. If Wall Street's consensus price target of a little over $72 is correct, Trulieve could gallop higher by 88% over the coming year.There are a lot of unique growth strategies among MSOs, but none hasproved more successful than Trulieve's blueprint. At the moment, Trulieve has 88 operational dispensaries. But here's the kicker: 82 of them are located in medical marijuana-legal Florida. By focusing its efforts on a single big-dollar state, Trulieve has been able to saturate the market, effectively build up its brand, and keep its marketing costs down. The company has been profitable for 13 consecutive quarters, and as of the end of 2020 controlled 53% of the Sunshine State's dried flower market and 49% of its high-margin cannabinoid oils market.Equally intriguing is Trulieve's recently announced all-stock deal to acquire MSOHarvest Health & Recreation(OTC:HRVSF)for $2.1 billion. Harvest has a focus on five states, one of which happens to be Florida. Aside from solidifying an even bigger presence in the Sunshine State, Trulieve will gain access to Harvest's state-leading 15 dispensaries in Arizona. The Grand Canyon State legalized recreational weed in November. There's a good chance Trulieve can use Harvest's infrastructure to duplicate its success in Arizona.Magnite: Implied upside of 59%Another high-octane growth stock with significant upside potential, according to Wall Street, is sell-side advertising technology platformMagnite(NASDAQ:MGNI). If analysts are correct about Magnite hitting nearly $46 a share in 12 months, it would represent upside potential of 59%.Magnite finds itself at the center of a double-digit growth trend that should last for a long time to come. As consumers cut the cord to traditional cable and shift to other forms of entertainment and content consumption, businesseswill be more likely to shift their advertising dollarsonline, to apps, and to streaming/connected TV (CTV). Although mobile platforms accounted for almost half of Magnite's revenue last year, it's CTV that looks to be the most intriguing long-term growth driver.One of thebiggest boostsfor Magnite should come from its recently closed cash-and-stock acquisition of SpotX. SpotX generated $31.2 million in sales (less traffic acquisition costs) in the first quarter, with $19.7 million of this net revenue attributable to CTV. That was up 70% from the prior-year period. The now-combined company has sell-side ad platform exposure to the likes offuboTV,Roku,Disney, and WarnerMedia, to name a few leading platforms.With Magnite profitable on a recurring basis and fully capable of sustainable double-digit growth, a 59% 12-month return isn't out of the question.Teladoc Health: Implied upside of 56%Transformativehealthcare stockTeladoc Health(NYSE:TDOC)is also expected to offer abundant upside potential. Based on Wall Street's consensus price target of around $229, Teladoc could rise by a cool 56% over the next 12 months.A lot of folks view Teladoc asone of the biggest winners during the COVID-19 pandemic. With doctors wanting to keep high-risk people and infected patients out of their offices, many turned to virtual visits. Teladoc ultimately handled 10.59 million telehealth visits last year, up from 4.14 million in 2019. But these folks are probably overlooking that Teladoc grew sales by an annual average of 74% in the six years leading up to the pandemic.What makes telemedicine such a winning trend is that itoffers advantages up and down the treatment chain. Telehealth allows patients to stay home for consultations, and it's a tool physicians can use to keep closer tabs on their chronically ill patients. This ease of oversight could result in improved patient outcomes. It also doesn't hurt that virtual visits are billed at a lower rate than office visits.Following its acquisition of leading applied health signals company Livongo Health in the fourth quarter, Teladoc has all the tools needed to provide next-level personalized care. In other words, this price target looks very realistic over the next year.Plug Power: Implied upside of 54%Finally, hydrogen fuel-cell solutions companyPlug Power(NASDAQ:PLUG)is a (pardon the irony) high-octane growth stock with ample upside. If analysts are correct about its price target of almost $47 in a year, Plug could deliver a 54% return to its shareholders.The big buzz with Plug Power is the push by developed countries, including the U.S., to renewable sources of energy. President Biden has proposed a massive infrastructure bill tailored to renewable energy projects, which signals the federal government's willingness to invest in clean-energy solutions.Since the year began, Plug Power landed two major joint venture partners. South Korea's SK Group took a 10% equity stake in Plug and will work with the company to develop hydrogen fuel-cell solutions for vehicles and refilling stations. Meanwhile, French auto companyRenaultformed a joint venture with Plug to tackle Europe's light commercial vehicle market. Following these joint venture announcements, the companyintroduced a gross billings target of $1.7 billion by 2024, which would almost quadruple its forecasted sales for 2021.Whether it'll be smooth sailingremains to be seen. The company recently restated years' worth of its income statements, and history hasn't always been kind to the introduction of new automotive technology.","news_type":1,"symbols_score_info":{"TCNNF":0.9,"TDOC":0.9,"VXRT":0.9,"PLUG":0.9,"MGNI":0.9}},"isVote":1,"tweetType":1,"viewCount":6209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126748892,"gmtCreate":1624586042716,"gmtModify":1703841014751,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126748892","repostId":"1183560687","repostType":4,"isVote":1,"tweetType":1,"viewCount":2345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167962751,"gmtCreate":1624243064773,"gmtModify":1703831378566,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/167962751","repostId":"2145004707","repostType":4,"isVote":1,"tweetType":1,"viewCount":3185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168159356,"gmtCreate":1623967743375,"gmtModify":1703824732520,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":16,"repostSize":1,"link":"https://ttm.financial/post/168159356","repostId":"1119601826","repostType":4,"isVote":1,"tweetType":1,"viewCount":2166,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574500206068120","idStr":"3574500206068120"},"content":"This is what letters i hv","text":"This is what letters i hv","html":"This is what letters i hv"},{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574500206068120","idStr":"3574500206068120"},"content":"Hoseh, dishwashing power","text":"Hoseh, dishwashing power","html":"Hoseh, dishwashing power"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184884082,"gmtCreate":1623706956046,"gmtModify":1704208985757,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":12,"repostSize":0,"link":"https://ttm.financial/post/184884082","repostId":"1109157353","repostType":4,"repost":{"id":"1109157353","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1623678730,"share":"https://ttm.financial/m/news/1109157353?lang=en_US&edition=fundamental","pubTime":"2021-06-14 21:52","market":"sh","language":"zh","title":"Who is extinguishing the starlight of HarmonyOS?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109157353","media":"格隆汇投资学苑","summary":"在此前市场热点转换频繁,领涨热点持续性普遍不强,场外资金持币观望的心态较重的情况下,鸿蒙概念受资金看好,成了过去几个交易日最火热的板块之一。\n鸿蒙OS 2.0发布后,“鸿蒙概念股”和国产软件股股价走出","content":"<p>Given the frequent changes in market hotspots, the general lack of sustainability of leading sectors, and the heavy hold-and-wait mentality of off-market funds, the HarmonyOS concept has been favored by funds and has become one of the hottest sectors in the past few trading days.</p><p>Following the release of HarmonyOS 2.0, the stock prices of \"HarmonyOS concept stocks\" and domestic software stocks experienced a rally for several consecutive days. Yesterday, the HarmonyOS concept board closed up more than 12%, with many stocks hitting the daily limit. Among them, the most rapid growth momentum is undoubtedly<a href=\"https://laohu8.com/S/300339\">Runhe Software</a>The stock had already surged by over 140% before the launch of HarmonyOS, but its price has skyrocketed in recent days, hitting five consecutive daily limit-up days within a month and surging by nearly 300%.</p><p>On the last trading day before noon, Runhe Software hit the daily limit again, while other related stocks such as...<a href=\"https://laohu8.com/S/300608\">Sitch</a>、<a href=\"https://laohu8.com/S/688609\">Jiulian Technology</a>、<a href=\"https://laohu8.com/S/300541\">Advanced data communication</a>、<a href=\"https://laohu8.com/S/003032\">Intellectual education</a>All of them rose by more than 10%, with the entire HarmonyOS sector rising by 1.88%.</p><p>From June 7th to today, in just five trading days, the HarmonyOS concept stock has risen by nearly 20%.</p><p>Although many financial institutions have rushed to join the HarmonyOS ecosystem, the performance of the HarmonyOS system remains to be seen, especially its contribution to the profits of Huawei and its concept stocks, while the market has been violently driving up the HarmonyOS concept for several consecutive days.<b>Clearly, people trade more on emotions than on fundamentals.</b></p><p>Why do I say that? Judging from current public opinion monitoring, HarmonyOS has indeed made many people's blood boil.</p><p><b>1. \"HarmonyOS is the fate of the nation\"</b></p><p>This is not surprising at all.</p><p>“Any programmer with a modicum of brains should support HarmonyOS,” a programmer friend of mine said.</p><p>The nature of this project has changed since HarmonyOS was \"handed over to the state\". As a rising star in China's chip and communications technology fields, Huawei's emergence in cutting-edge technologies has been criticized by some Western forces. Before this, perhaps its success or failure represented the fate of a company, or even a street office;<b>However, after being \"handed over to the state,\" the fate of the HarmonyOS system became the fate of the nation.</b></p><p>The reason is simple. On a smaller scale, the current great rift between the Eastern and Western worlds is not a natural disaster but a man-made one. The increasingly competitive IT industry in the East will thus return to a blue ocean – differences at the system level alone can bring two to three times more job opportunities for programmers. China and the United States are competing in all aspects of the technology field, and IT is nothing new for them to spend a lot of money to compete for IT talent. With multiple favorable factors combined, programmers are overjoyed, enabling them to stay and contribute to their local communities.</p><p><b>On a larger scale, key departments, governments, national defense, and state-owned enterprises are essentially running naked without their own underlying internet infrastructure.</b></p><p>Russian President Vladimir Putin signed the Sovereign Internet Law in 2019, which will gradually reduce Russia's internet infrastructure dependence on foreign nodes, especially in the event of an external attack, allowing it to cut off its connection to the outside world and operate independently within the regional internet.</p><p>Just recently, Belarusian Prime Minister Gorovchenko said, \"We are forced to abandon Western goods and technologies. We are preparing to switch to Asian technologies. According to preliminary statistics, Chinese technology alone can replace 90% of European and American technologies.\" He emphasized that Belarus has drafted a complete set of measures to counter Western sanctions.</p><p>For countries hoping to climb up the global value chain,<b>The West, which controls the technological high ground, always holds high the sword of Damocles. When will this sword be cut down? I don't know; Why was it cut down? No reason needed.</b></p><p>China, which is considered its main competitor by the United States, naturally needs an independent internet infrastructure that can be future-oriented. Therefore, many people believe that the emergence of HarmonyOS is an important milestone in China's efforts to improve its internal capabilities.</p><p>However, others have brazenly chosen to stand on the \"opposite side\" of HarmonyOS.</p><p><i>\"It's just a reskinned Android, what's so great about it?\" \"My country is amazing, you're about to 'climax' again, aren't you?\"</i></p><p>In recent years, Huawei has been associated with \"patriotism,\" sparking a protracted war of words. We Media wrote and reprinted countless articles with titles such as \"America is dumbfounded\" and \"Trump's panic,\" and it was these articles that became a window for many readers to vent their anxiety.</p><p>Faced with the powerful \"imperialist hegemony,\" some people are indeed anxious. Some say that China and the United States have fallen into the Thucydides Trap, and this is not without reason. This is a world rife with piracy. Under the \"technology-market\" dependence of the modern value chain division of labor, pirates use more \"civilized\" methods to plunder wealth—establishing a tax system using currency, technology, and aircraft carriers to get the largest slice of the global value chain, while hardworking farmers only get scraps.</p><p><b>Huawei's prominence in the technological field comes at a time when there has been no major change in a century, yet it also happens to be stepping on the core interests of pirates. The contradiction seems irreconcilable, which is another example of the old fable of \"the one who sticks out when the bullet is hit\".</b>Faced with a barrage of criticism, Huawei chose to stand firm rather than compromise, seemingly striking a chord with anxious people.</p><p><b>It is precisely for this reason that Huawei has been labeled as \"patriotic\".</b></p><p>That's when things started to take a turn for the worse.</p><p>Statements like \"not buying Huawei is unpatriotic\" and \"buying fruit is selling the country\" are constantly emerging, and the scope of application of the labels \"patriotic\" and \"selling the country\" can be extended infinitely. Recently...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>In the \"rights protection incident,\" even Tesla owners were labeled as \"traitors.\"</p><p>Extreme voices are never absent from the public sphere. This is a place where mutual invisibility and communication are not completely synchronized, and expression is clearly lacking in inhibition. A pair of interacting forces must occur simultaneously. A very small number of extreme remarks quickly generated an emotional backlash, initially targeting the suppression of other product users in the name of \"labels,\" but later turning into a tit-for-tat confrontation with brands, companies, and concepts.</p><p>In fact, you can feel the bugs in these extreme statements by pushing the logic back one or two levels. However, logic often has little power in the field of social media public opinion—once people lack the ability to think independently, they will often parrot what others say, or parrot what others say for their own selfish gain.<b>With weights added to both ends of the scale, a gentle push by a willing person can stage a farce of \"calling a deer a horse\".</b></p><p><b>2. HarmonyOS's true goal</b></p><p>If we set aside various labels and look at the business nature of HarmonyOS alone, it is actually not that complicated.</p><p><b>Starting from a certain point in time, the innovation and development of mobile terminals gradually slowed down, and most new mobile phones became increasingly homogenized.</b><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Its innovation capabilities seem to have lost momentum, and instead it has fallen into a close struggle with competitors in terms of supply chain and profit margins; Brands such as Huawei, Xiaomi, and OPPO have caught up, attempting to share Apple's high-profit market share.</p><p>However, it's rare to see a product with a particular impressive selling point, and you can even guess what new features a certain product will have without watching the launch event. On the contrary, larger screens, longer battery life, lightweight design, price range, and the lack of accessories such as headphones and chargers have become the main themes of the battle.</p><p><b>Are the mines of the smartphone era about to dry up?</b></p><p>Therefore, in this competition for existing market share,<b>As a new smart terminal story, IoT has been brought to the forefront and become a new growth engine for established mobile phone manufacturers.</b></p><p>When Huawei was developing HarmonyOS, it was clearly aimed in this direction. At the Huawei 2020 Developer Conference, Yu Chengdong said, \"No one can extinguish the starlight in the sky.\" This statement not only refers to Huawei's current dark situation, but also to the fact that Huawei will emerge from the darkness through the efforts of countless developers. It can also be extended to strategic thinking about getting out of the predicament—everything in the era of the Internet of Everything is like starlight—by building infrastructure in the era of the Internet of Everything, HarmonyOS's true goal is to establish itself upstream of the value chain.</p><p><img src=\"https://static.tigerbbs.com/894a1e0d6613ac41bb0592e9d01930f3\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p>HarmonyOS wants to connect all devices with chips together, rather than just serving phones, tablets, or computers. In this system, there is no central or decentralized system; all devices are equal. Some only have powerful computing devices and weak computing devices, which are connected together through the HarmonyOS system to work together.</p><p><b>Therefore, the number of terminals and developers has become key to the success of HarmonyOS.</b></p><p>In terms of the number of terminal connections, Yang Haisong, vice president of Huawei's Consumer Business AI and Smart All-Scenario Business Department, once proposed a \"16% market share\". \"For underlying platforms like operating systems, software usage and market share are the core factors for their survival and success, while a 16% market share is a life-or-death threshold.\" In order to cross this 16% market share threshold, Huawei's goal for 2021 is to reach 300 million devices running HarmonyOS, of which 200 million are its own devices and 100 million are devices from ecosystem partners.</p><p>However, whether Huawei can achieve this goal remains to be seen. From April 2020 to April 2021, in terms of mobile operating system market share,<a href=\"https://laohu8.com/S/GOOGL\">Google A</a>Android accounted for 72.2%, Apple's iOS accounted for 26.99%, and other operating systems accounted for less than 1% of the market share.</p><p><b>3. Amidst all the chaos, HarmonyOS is right there.</b></p><p>HarmonyOS still has a long way to go, and it still needs our support.<b>But is this situation really a good thing for the future and fate of HarmonyOS?</b></p><p>In ancient Chinese, Hongmeng refers to the chaotic state before the birth of heaven and earth.</p><p>The nascent HarmonyOS, with just a little bit of patriotism, can enrich the user's taste experience and allow more people to join the \"starry sky\". From ancient times to the present, from laundry detergent to chips, people have done this, so what's wrong with that?</p><p>Unfortunately, once the topic of \"patriotism\" became associated with Huawei, things started to take a strange turn.</p><p>Huawei, currently at the forefront of the storm, can no longer be viewed purely from the perspective of business and corporate evolution. As a result, every move and action Huawei makes, once presented in writing, becomes distorted and distorted, turning into a...<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Their hysteria, self-abandonment, and self-indulgence seem to be born opposites, irreconcilable, battling for the \"pinnacle of the Forbidden City\" in this business world.</p><p>And what are the consequences of this phenomenon? People's arguments have strayed from the essence of HarmonyOS, falling into endless bickering and insults, turning friends into enemies, and gradually eating away at the vitality of Huawei and HarmonyOS until they are completely exhausted. So much so that even Ren Zhengfei couldn't stand it anymore. At the moment when Chinese consumers needed their support the most, he quickly jumped out and shouted: Loving Huawei is not the same as loving the country.</p><p><img src=\"https://static.tigerbbs.com/b482673f5f9e4eda0d0fe007f20c8787\" tg-width=\"700\" tg-height=\"1034\" referrerpolicy=\"no-referrer\"></p><p>Actually, just yesterday, I followed the trend of my friends and couldn't wait to upgrade my phone's operating system to HarmonyOS.</p><p>After the update, I excitedly opened my phone and found that it wasn't much different from Android. Even in the new feature guide, I didn't see much refreshing content.</p><p><b>However, it's important to understand that while the transition from a traditional operating system to the HarmonyOS appears to be merely a system upgrade, its underlying logic has actually changed.</b>This is a new logic for the era of the Internet of Everything, just like the ET7, the culmination of Nio' \"piling up materials\"—\"preparing for tomorrow,\" but ultimately it still needs four wheels and a round steering wheel.</p><p><img src=\"https://static.tigerbbs.com/4dc45032bd01e7fc29c13be27b050da0\" tg-width=\"800\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Being too reckless and increasing user conversion costs will actually be counterproductive. So I have reason to believe,<b>It will definitely exert its real power, but not now.</b></p><p>Whether it's \"HarmonyOS is awesome\" or \"HarmonyOS is no good,\" these are just people's current opinions.<b>A new operating system and the mobile phone ecosystem grow naturally, and both should have their own pace and bear their own risks.</b>In fact, Huawei is just such a company. Externally, it is being pursued and suppressed by the reactionary forces of \"US imperialism,\" and internally, many people are not optimistic about it for various reasons. It doesn't care about these things, but continues to review and explore, moving forward on the path it believes is right.</p><p><b>In this sense, HarmonyOS is just the beginning.</b></p><p><b>Until its enormous potential is verified, any behavior that draws conclusions based solely on \"labeling\" is tantamount to being a scoundrel.</b></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who is extinguishing the starlight of HarmonyOS?</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\">\nWho is extinguishing the starlight of HarmonyOS?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-06-14 21:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Given the frequent changes in market hotspots, the general lack of sustainability of leading sectors, and the heavy hold-and-wait mentality of off-market funds, the HarmonyOS concept has been favored by funds and has become one of the hottest sectors in the past few trading days.</p><p>Following the release of HarmonyOS 2.0, the stock prices of \"HarmonyOS concept stocks\" and domestic software stocks experienced a rally for several consecutive days. Yesterday, the HarmonyOS concept board closed up more than 12%, with many stocks hitting the daily limit. Among them, the most rapid growth momentum is undoubtedly<a href=\"https://laohu8.com/S/300339\">Runhe Software</a>The stock had already surged by over 140% before the launch of HarmonyOS, but its price has skyrocketed in recent days, hitting five consecutive daily limit-up days within a month and surging by nearly 300%.</p><p>On the last trading day before noon, Runhe Software hit the daily limit again, while other related stocks such as...<a href=\"https://laohu8.com/S/300608\">Sitch</a>、<a href=\"https://laohu8.com/S/688609\">Jiulian Technology</a>、<a href=\"https://laohu8.com/S/300541\">Advanced data communication</a>、<a href=\"https://laohu8.com/S/003032\">Intellectual education</a>All of them rose by more than 10%, with the entire HarmonyOS sector rising by 1.88%.</p><p>From June 7th to today, in just five trading days, the HarmonyOS concept stock has risen by nearly 20%.</p><p>Although many financial institutions have rushed to join the HarmonyOS ecosystem, the performance of the HarmonyOS system remains to be seen, especially its contribution to the profits of Huawei and its concept stocks, while the market has been violently driving up the HarmonyOS concept for several consecutive days.<b>Clearly, people trade more on emotions than on fundamentals.</b></p><p>Why do I say that? Judging from current public opinion monitoring, HarmonyOS has indeed made many people's blood boil.</p><p><b>1. \"HarmonyOS is the fate of the nation\"</b></p><p>This is not surprising at all.</p><p>“Any programmer with a modicum of brains should support HarmonyOS,” a programmer friend of mine said.</p><p>The nature of this project has changed since HarmonyOS was \"handed over to the state\". As a rising star in China's chip and communications technology fields, Huawei's emergence in cutting-edge technologies has been criticized by some Western forces. Before this, perhaps its success or failure represented the fate of a company, or even a street office;<b>However, after being \"handed over to the state,\" the fate of the HarmonyOS system became the fate of the nation.</b></p><p>The reason is simple. On a smaller scale, the current great rift between the Eastern and Western worlds is not a natural disaster but a man-made one. The increasingly competitive IT industry in the East will thus return to a blue ocean – differences at the system level alone can bring two to three times more job opportunities for programmers. China and the United States are competing in all aspects of the technology field, and IT is nothing new for them to spend a lot of money to compete for IT talent. With multiple favorable factors combined, programmers are overjoyed, enabling them to stay and contribute to their local communities.</p><p><b>On a larger scale, key departments, governments, national defense, and state-owned enterprises are essentially running naked without their own underlying internet infrastructure.</b></p><p>Russian President Vladimir Putin signed the Sovereign Internet Law in 2019, which will gradually reduce Russia's internet infrastructure dependence on foreign nodes, especially in the event of an external attack, allowing it to cut off its connection to the outside world and operate independently within the regional internet.</p><p>Just recently, Belarusian Prime Minister Gorovchenko said, \"We are forced to abandon Western goods and technologies. We are preparing to switch to Asian technologies. According to preliminary statistics, Chinese technology alone can replace 90% of European and American technologies.\" He emphasized that Belarus has drafted a complete set of measures to counter Western sanctions.</p><p>For countries hoping to climb up the global value chain,<b>The West, which controls the technological high ground, always holds high the sword of Damocles. When will this sword be cut down? I don't know; Why was it cut down? No reason needed.</b></p><p>China, which is considered its main competitor by the United States, naturally needs an independent internet infrastructure that can be future-oriented. Therefore, many people believe that the emergence of HarmonyOS is an important milestone in China's efforts to improve its internal capabilities.</p><p>However, others have brazenly chosen to stand on the \"opposite side\" of HarmonyOS.</p><p><i>\"It's just a reskinned Android, what's so great about it?\" \"My country is amazing, you're about to 'climax' again, aren't you?\"</i></p><p>In recent years, Huawei has been associated with \"patriotism,\" sparking a protracted war of words. We Media wrote and reprinted countless articles with titles such as \"America is dumbfounded\" and \"Trump's panic,\" and it was these articles that became a window for many readers to vent their anxiety.</p><p>Faced with the powerful \"imperialist hegemony,\" some people are indeed anxious. Some say that China and the United States have fallen into the Thucydides Trap, and this is not without reason. This is a world rife with piracy. Under the \"technology-market\" dependence of the modern value chain division of labor, pirates use more \"civilized\" methods to plunder wealth—establishing a tax system using currency, technology, and aircraft carriers to get the largest slice of the global value chain, while hardworking farmers only get scraps.</p><p><b>Huawei's prominence in the technological field comes at a time when there has been no major change in a century, yet it also happens to be stepping on the core interests of pirates. The contradiction seems irreconcilable, which is another example of the old fable of \"the one who sticks out when the bullet is hit\".</b>Faced with a barrage of criticism, Huawei chose to stand firm rather than compromise, seemingly striking a chord with anxious people.</p><p><b>It is precisely for this reason that Huawei has been labeled as \"patriotic\".</b></p><p>That's when things started to take a turn for the worse.</p><p>Statements like \"not buying Huawei is unpatriotic\" and \"buying fruit is selling the country\" are constantly emerging, and the scope of application of the labels \"patriotic\" and \"selling the country\" can be extended infinitely. Recently...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>In the \"rights protection incident,\" even Tesla owners were labeled as \"traitors.\"</p><p>Extreme voices are never absent from the public sphere. This is a place where mutual invisibility and communication are not completely synchronized, and expression is clearly lacking in inhibition. A pair of interacting forces must occur simultaneously. A very small number of extreme remarks quickly generated an emotional backlash, initially targeting the suppression of other product users in the name of \"labels,\" but later turning into a tit-for-tat confrontation with brands, companies, and concepts.</p><p>In fact, you can feel the bugs in these extreme statements by pushing the logic back one or two levels. However, logic often has little power in the field of social media public opinion—once people lack the ability to think independently, they will often parrot what others say, or parrot what others say for their own selfish gain.<b>With weights added to both ends of the scale, a gentle push by a willing person can stage a farce of \"calling a deer a horse\".</b></p><p><b>2. HarmonyOS's true goal</b></p><p>If we set aside various labels and look at the business nature of HarmonyOS alone, it is actually not that complicated.</p><p><b>Starting from a certain point in time, the innovation and development of mobile terminals gradually slowed down, and most new mobile phones became increasingly homogenized.</b><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Its innovation capabilities seem to have lost momentum, and instead it has fallen into a close struggle with competitors in terms of supply chain and profit margins; Brands such as Huawei, Xiaomi, and OPPO have caught up, attempting to share Apple's high-profit market share.</p><p>However, it's rare to see a product with a particular impressive selling point, and you can even guess what new features a certain product will have without watching the launch event. On the contrary, larger screens, longer battery life, lightweight design, price range, and the lack of accessories such as headphones and chargers have become the main themes of the battle.</p><p><b>Are the mines of the smartphone era about to dry up?</b></p><p>Therefore, in this competition for existing market share,<b>As a new smart terminal story, IoT has been brought to the forefront and become a new growth engine for established mobile phone manufacturers.</b></p><p>When Huawei was developing HarmonyOS, it was clearly aimed in this direction. At the Huawei 2020 Developer Conference, Yu Chengdong said, \"No one can extinguish the starlight in the sky.\" This statement not only refers to Huawei's current dark situation, but also to the fact that Huawei will emerge from the darkness through the efforts of countless developers. It can also be extended to strategic thinking about getting out of the predicament—everything in the era of the Internet of Everything is like starlight—by building infrastructure in the era of the Internet of Everything, HarmonyOS's true goal is to establish itself upstream of the value chain.</p><p><img src=\"https://static.tigerbbs.com/894a1e0d6613ac41bb0592e9d01930f3\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p>HarmonyOS wants to connect all devices with chips together, rather than just serving phones, tablets, or computers. In this system, there is no central or decentralized system; all devices are equal. Some only have powerful computing devices and weak computing devices, which are connected together through the HarmonyOS system to work together.</p><p><b>Therefore, the number of terminals and developers has become key to the success of HarmonyOS.</b></p><p>In terms of the number of terminal connections, Yang Haisong, vice president of Huawei's Consumer Business AI and Smart All-Scenario Business Department, once proposed a \"16% market share\". \"For underlying platforms like operating systems, software usage and market share are the core factors for their survival and success, while a 16% market share is a life-or-death threshold.\" In order to cross this 16% market share threshold, Huawei's goal for 2021 is to reach 300 million devices running HarmonyOS, of which 200 million are its own devices and 100 million are devices from ecosystem partners.</p><p>However, whether Huawei can achieve this goal remains to be seen. From April 2020 to April 2021, in terms of mobile operating system market share,<a href=\"https://laohu8.com/S/GOOGL\">Google A</a>Android accounted for 72.2%, Apple's iOS accounted for 26.99%, and other operating systems accounted for less than 1% of the market share.</p><p><b>3. Amidst all the chaos, HarmonyOS is right there.</b></p><p>HarmonyOS still has a long way to go, and it still needs our support.<b>But is this situation really a good thing for the future and fate of HarmonyOS?</b></p><p>In ancient Chinese, Hongmeng refers to the chaotic state before the birth of heaven and earth.</p><p>The nascent HarmonyOS, with just a little bit of patriotism, can enrich the user's taste experience and allow more people to join the \"starry sky\". From ancient times to the present, from laundry detergent to chips, people have done this, so what's wrong with that?</p><p>Unfortunately, once the topic of \"patriotism\" became associated with Huawei, things started to take a strange turn.</p><p>Huawei, currently at the forefront of the storm, can no longer be viewed purely from the perspective of business and corporate evolution. As a result, every move and action Huawei makes, once presented in writing, becomes distorted and distorted, turning into a...<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Their hysteria, self-abandonment, and self-indulgence seem to be born opposites, irreconcilable, battling for the \"pinnacle of the Forbidden City\" in this business world.</p><p>And what are the consequences of this phenomenon? People's arguments have strayed from the essence of HarmonyOS, falling into endless bickering and insults, turning friends into enemies, and gradually eating away at the vitality of Huawei and HarmonyOS until they are completely exhausted. So much so that even Ren Zhengfei couldn't stand it anymore. At the moment when Chinese consumers needed their support the most, he quickly jumped out and shouted: Loving Huawei is not the same as loving the country.</p><p><img src=\"https://static.tigerbbs.com/b482673f5f9e4eda0d0fe007f20c8787\" tg-width=\"700\" tg-height=\"1034\" referrerpolicy=\"no-referrer\"></p><p>Actually, just yesterday, I followed the trend of my friends and couldn't wait to upgrade my phone's operating system to HarmonyOS.</p><p>After the update, I excitedly opened my phone and found that it wasn't much different from Android. Even in the new feature guide, I didn't see much refreshing content.</p><p><b>However, it's important to understand that while the transition from a traditional operating system to the HarmonyOS appears to be merely a system upgrade, its underlying logic has actually changed.</b>This is a new logic for the era of the Internet of Everything, just like the ET7, the culmination of Nio' \"piling up materials\"—\"preparing for tomorrow,\" but ultimately it still needs four wheels and a round steering wheel.</p><p><img src=\"https://static.tigerbbs.com/4dc45032bd01e7fc29c13be27b050da0\" tg-width=\"800\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Being too reckless and increasing user conversion costs will actually be counterproductive. So I have reason to believe,<b>It will definitely exert its real power, but not now.</b></p><p>Whether it's \"HarmonyOS is awesome\" or \"HarmonyOS is no good,\" these are just people's current opinions.<b>A new operating system and the mobile phone ecosystem grow naturally, and both should have their own pace and bear their own risks.</b>In fact, Huawei is just such a company. Externally, it is being pursued and suppressed by the reactionary forces of \"US imperialism,\" and internally, many people are not optimistic about it for various reasons. It doesn't care about these things, but continues to review and explore, moving forward on the path it believes is right.</p><p><b>In this sense, HarmonyOS is just the beginning.</b></p><p><b>Until its enormous potential is verified, any behavior that draws conclusions based solely on \"labeling\" is tantamount to being a scoundrel.</b></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8023195e94148051fa20fa96e89e2faf","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109157353","content_text":"在此前市场热点转换频繁,领涨热点持续性普遍不强,场外资金持币观望的心态较重的情况下,鸿蒙概念受资金看好,成了过去几个交易日最火热的板块之一。\n鸿蒙OS 2.0发布后,“鸿蒙概念股”和国产软件股股价走出了一波连续几天的行情,昨天鸿蒙概念板收涨超12%,多股涨停。其中增长势头最猛的当属润和软件,在鸿蒙系统上线前就已经上涨超140%,但这几日的股价更是坐上了冲天火箭,一个月内吃了五个涨停暴涨近300%\n端午前最后一个交易日,润和软件再次涨停,其他概念股如思特奇、九联科技、先进数通、传智教育等等涨幅都超过10%,整个鸿蒙板块上涨1.88%。\n从6月7日到今天,5个交易日内,鸿蒙概念板块已累涨近二成。\n虽然多家金融机构跑步加入鸿蒙生态,但鸿蒙系统的表现仍有待时间验证,尤其是对华为及其概念股的利润贡献,而市场已连续几天暴力拉升鸿蒙概念。很显然,大家交易的更多是情绪而非基本面。\n为什么这么说?因为从目前舆情监测看来,鸿蒙OS的确让不少人热血沸腾。\n1、“鸿蒙即国运”\n这丝毫不让人意外。\n“稍有脑子的程序猿,都应该支持鸿蒙OS。”我的一个程序员朋友这样说。\n自从鸿蒙“上缴国家”,这个项目的性质就已经改变。作为中国在芯片和通讯技术领域的“出头鸟”,华为在尖端技术上冒头被某些西方势力敲打。在这之前,也许它的成败代表的是一家公司、甚至是一个街道办的命运;但“上缴国家”之后,鸿蒙系统的命运,即是国运。\n原因很简单。往小了说,如今东西方世界的这场大割裂,不是天灾而是人祸。趋于内卷的东方IT行业,将由此重新踏回一片蓝海——仅系统层面的不同,就能带来两三倍的程序员就业机会。中美在技术领域全方位竞争,花大价钱去争夺IT人才已不是什么新鲜事儿。多重利好叠加,程序员喜大普奔,方能留在本土贡献力量。\n而往大了说,关键部门、政府、国防、国企,如果没有自主底层互联网基础设施,形同裸奔。\n俄总统普京就在2019年签署《主权互联网法》,俄互联网基础设施将逐步摆脱对境外节点的依赖,尤其是在遭受外部攻击时可以切断与外界的连接,独立运作境内的区域互联网。\n就在不久前,白俄罗斯总理戈洛夫琴科说:“我们被迫放弃西方的商品和技术,我们准备改用亚洲的技术,根据初步统计,光是中国技术就可以替代9成的欧美技术。”他强调,白俄罗斯已经起草了一整套措施应对西方制裁。\n对于希望在全球价值链往上爬的国家来说,掌握了技术高地的西方,时刻高举着达摩克利斯之剑。这把剑什么时候砍下来?不知道;为什么砍下来?不需要理由。\n被美国当做最主要竞争对手的中国,自然更需要一个能够面向未来的自主互联网基础设施。因此在不少人看来,鸿蒙的出世,是中国修炼内功的重要时间节点。\n但另一些人则悍然选择站在鸿蒙的“对立面”上。\n“不就是换皮安卓吗,有什么了不起。”“厉害了我的国,你们又要‘高潮’了吧。”\n这几年,华为与“爱国”联系在了一起,引发了绵延不绝的骂战。自媒体撰写、转载了无数以“美国傻眼了”“特朗普慌了”等为题的文章,而正是这些文章,成为许多读者宣泄焦虑情绪的窗口。\n在强大的“帝国主义霸权”面前,确实有人在焦虑。有人说中美两国已经掉进了修昔底德陷阱,不无道理。这是个海盗横行的世界,现代价值链分工的“技术—市场”依附关系下,海盗用更加“文明”的办法来掠夺财富——用货币、科技和航母建立一套税收体系,得到全球价值链的最大蛋糕,辛苦耕作的农民分到的只有渣渣。\n华为在技术领域的出位,处在百年未有大变局,却也正好踏在了海盗的核心利益上,矛盾似乎不可调和,因而也正是“枪打出头鸟”这一古老寓言的又一例证。面对飞来的冷枪,华为选择了硬扛而非妥协,似乎戳中了焦虑之人的high点。\n也正是因为如此,华为被贴上了这个“爱国”的标签。\n事情也就是在这个时候开始变味的。\n“不买华为就是不爱国”“买水果就是卖国”这类言论层出不穷,而且“爱国”与“卖国”两个标签的适用范围可以无限延伸,最近的特斯拉“维权事件”中,就连特斯拉车主也被贴上了“卖国”的标签。\n在舆论场,极端的声音从来不会缺席。这是一个相互不可见且交流不完全同步的地方,表达显然缺乏抑制。而一对相互作用力必然同时产生。极少数极端言论很快产生了情绪上的反弹,最开始是针对以“标签”之名打压其他产品用户这一行为,后来变成了与品牌、与公司、与概念的针锋相对。\n其实将逻辑倒推一两层就能感受到这些极端言论的bug。但逻辑在社交媒体舆论场上力量往往单薄——人一旦缺少独立思考的能力,很多时候就会人云亦云,或者为了一己私利去人云亦云。天平两端都加上了砝码,有心之人轻轻一推,就能上演“指鹿为马”的闹剧。\n2、鸿蒙真正的目标\n如果撇开各种标签,单看鸿蒙的商业本质,其实它并没有这么复杂。\n从某个时间点开始,移动终端的创新与发展逐渐放慢了脚步,大多数新款手机,几乎在越来越趋向于同质化。苹果的创新能力仿佛失去了加速度,反而陷入了与竞争对手在供应链和利润率上的贴身缠斗;华为、小米、OV等品牌却迎头赶上,企图瓜分苹果的高利润市场。\n然而你已经很难看到某一个产品具有某一个震撼的卖点,甚至不用看发布会,都能猜到某某产品会有哪些新功能。反而是更大的屏幕、更长的续航、轻量化、价格区间、不提供耳机和充电器等配件……这些因素反倒成了战斗的主线。\n智能手机时代的矿山,是否快要枯竭了?\n于是在这种存量竞争当中,IoT作为新的智慧终端故事,被拉到台前,成为老牌手机厂商的新增长极。\n华为在开发鸿蒙OS的时候,很显然就是冲着这个方向来的。华为2020开发者大会上,余承东说:“没有人能熄灭满天星光。”这句话不仅指代华为当下的黑暗处境,也指代华为将通过无数开发者的努力走出黑暗,更可以引申为对于走出困境的战略思考——万物互联时代的万物,就像是星光——通过建造万物互联时代的基础设施,立足于价值链上游,是鸿蒙真正的目标。\n\n鸿蒙想要将所有有芯片的设备都连接在一起,而不是单单为了手机、平板或是电脑去服务。在这个体系中,不存在中心和非中心,任何设备都是平等的,有的只有强算力设备和弱算力设备,让这些设备通过鸿蒙这个系统串联起来,一起协同工作。\n因此终端、开发者数量,成了鸿蒙OS成功与否的关键。\n从终端连接数量来看,华为消费者业务AI与智慧全场景业务部副总裁杨海松曾提出一个“16%市占率”的说法。“对于操作系统这类底层平台而言,软件使用量、市场占有率是它能否活下来、能否成功的核心因素,而16%的市占率则是一个生死线。”为了迈过这16%市占率的生死线,华为2021年需要完成的目标是:搭载鸿蒙系统的设备数量需达到3亿,其中自有设备占2亿,生态合作伙伴的设备数量为1亿。\n但华为定下的这一目标能否实现,仍是未知数。2020年4月至2021年4月,移动端操作系统市场份额上,谷歌Android系统占比达72.2%,苹果iOS占比为26.99%,其他操作系统市场份额占比不足1%。\n3、纷纷扰扰,鸿蒙就在那里\n鸿蒙的路还很长,它依旧需要我们的支持。可是如此局面,对鸿蒙的前途命运,就真是一件好事吗?\n在古汉语中,鸿蒙指的是天地诞生之初混沌未开的状态。\n初生的鸿蒙,一点点爱国主义情怀的调剂,就能丰富用户的味觉体验,让更多人加入“满天星光”,从古到今、从洗衣粉到芯片,都有人这么干,又何错之有?\n但不幸的是,一旦“爱国”的话题与华为沾上边,事情就开始往奇怪的方向发展了。\n处在风口浪尖的华为,如今已很难从纯粹商业与企业演进的逻辑去看待,以致于华为的每一个招式、每一个动作,一旦被文字展示出来,就会畸形、扭曲,演绎成一场全民的歇斯底里,自暴自弃与自大自嗨,仿佛生而对立水火不容,决战于这个商业世界的“紫禁之巅”。\n而这种现象的后果是什么?人们的争吵已经脱离鸿蒙的本质,陷入无休止的扯皮和谩骂,把朋友变成敌人,将华为以及鸿蒙的活力一点一点吃掉,直至消耗干净。以至于连任正非也看不下去了,在最需要中国消费者支持的节点上,赶紧跳出来大喊:爱华为,不等于爱国。\n\n其实就在昨天,我也随身边朋友的“大流”,迫不及待将手机系统升级成了鸿蒙OS。\n更新完毕兴冲冲打开手机,发现和安卓没有太大差别,即使在新功能指引当中,也并没有看到太多令人耳目一新的内容。\n但要知道,从传统操作系统到鸿蒙OS,表面上仅仅是一个系统的升级,实则其底层逻辑已经发生了变化。这是一个面向万物互联时代的新逻辑,就像蔚来“堆料”的集大成之作ET7——“为明天做好准备”,但终归还是要有四个轮子和圆形的方向盘。\n\n太过于冒进,增加用户的转换成本反而得不偿失。所以我有理由相信,它一定会发挥真正的威力,但不是现在。\n“鸿蒙牛X”也好,“鸿蒙不行”也罢,不过是人们现阶段的观点。一个新的操作系统与手机生态自然生长,都应有自己的节奏,都要承担自己的风险。事实上华为也正是这样一家企业,对外面对“美帝国主义”反动势力的围追堵截,对内也有不少人会因为各种各样的原因不看好它。它不在乎这些,而是继续复审摸索,在自己认为正确的道路上前行。\n从这个意义上看,鸿蒙只是一个开始。\n在其巨大想象空间得到验证之前,任何仅凭“贴标签”就盖棺定论的行为,都无异于耍流氓。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115757082,"gmtCreate":1623032346846,"gmtModify":1704194665567,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/115757082","repostId":"1185662195","repostType":4,"repost":{"id":"1185662195","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1623031477,"share":"https://ttm.financial/m/news/1185662195?lang=en_US&edition=fundamental","pubTime":"2021-06-07 10:04","market":"us","language":"zh","title":"A traitor has emerged from the Democratic Party, and Biden has lost the ability to \"act unilaterally\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185662195","media":"华尔街见闻","summary":"目前,美国总统拜登的许多优先事项面临停滞的局面,包括选举改革法案、天量基建计划和一些其他措施,都面临着共和党人的坚决抵制和少数中间派民主党人的反对。\n民主党的推行障碍越来越多,关键的中间派参议员曼钦于","content":"<p>Currently, many of President Biden's priorities are at a standstill, including the election reform bill, massive infrastructure plans, and other measures, all of which face staunch resistance from Republicans and opposition from a small number of centrist Democrats.</p><p>The Democratic Party's implementation is facing increasing obstacles, with key centrist Senator Manchin saying on June 6 (last Sunday) that he would vote against an election reform bill proposed by the Democrats.</p><p>Manchin stated that without Republican support, unilateral electoral reforms by Democrats are likely to further deepen partisan divisions. He was therefore in favour of amending the Bill to simplify voter registration and voting.</p><p>CNBC points out that Republicans are largely opposed to the election reform bill. Without Manchin's support from Democrats, the bill's chances of passing are even slimmer.</p><p>In addition, Manchin stated that he would not support removing the filibuster, which would hinder parts of Biden's legislative agenda on issues such as election reform and climate change.</p><p>The filibuster requires 60 votes in the Senate to pass legislation, where Democrats and Republicans split 50-50.</p><p>This means that Biden's massive infrastructure plan and election reform bill need at least 10 Republican senators to vote in favor before they can pass the filibuster procedure and enter the final vote.</p><p>As previously mentioned in a Wall Street Insights article, the White House is considering abandoning a bipartisan agreement on Biden's massive infrastructure plan due to significant differences between the two parties in the United States regarding its scope and funding sources, and instead relying solely on the Democratic Party's own efforts to push forward the \"large-scale infrastructure project.\"</p><p>However, for now, it appears that the plan faces obstacles that may be difficult to reach a consensus within the Democratic Party. Republicans have consistently opposed Biden's proposal to raise taxes to pay for infrastructure projects, a view shared by some Democrats. In conclusion, even setting aside the Republican Party, Biden's attempt to reach a consensus within the Democratic Party will not be smooth sailing.</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>A traitor has emerged from the Democratic Party, and Biden has lost the ability to \"act unilaterally\"?</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\">\nA traitor has emerged from the Democratic Party, and Biden has lost the ability to \"act unilaterally\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-06-07 10:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Currently, many of President Biden's priorities are at a standstill, including the election reform bill, massive infrastructure plans, and other measures, all of which face staunch resistance from Republicans and opposition from a small number of centrist Democrats.</p><p>The Democratic Party's implementation is facing increasing obstacles, with key centrist Senator Manchin saying on June 6 (last Sunday) that he would vote against an election reform bill proposed by the Democrats.</p><p>Manchin stated that without Republican support, unilateral electoral reforms by Democrats are likely to further deepen partisan divisions. He was therefore in favour of amending the Bill to simplify voter registration and voting.</p><p>CNBC points out that Republicans are largely opposed to the election reform bill. Without Manchin's support from Democrats, the bill's chances of passing are even slimmer.</p><p>In addition, Manchin stated that he would not support removing the filibuster, which would hinder parts of Biden's legislative agenda on issues such as election reform and climate change.</p><p>The filibuster requires 60 votes in the Senate to pass legislation, where Democrats and Republicans split 50-50.</p><p>This means that Biden's massive infrastructure plan and election reform bill need at least 10 Republican senators to vote in favor before they can pass the filibuster procedure and enter the final vote.</p><p>As previously mentioned in a Wall Street Insights article, the White House is considering abandoning a bipartisan agreement on Biden's massive infrastructure plan due to significant differences between the two parties in the United States regarding its scope and funding sources, and instead relying solely on the Democratic Party's own efforts to push forward the \"large-scale infrastructure project.\"</p><p>However, for now, it appears that the plan faces obstacles that may be difficult to reach a consensus within the Democratic Party. Republicans have consistently opposed Biden's proposal to raise taxes to pay for infrastructure projects, a view shared by some Democrats. In conclusion, even setting aside the Republican Party, Biden's attempt to reach a consensus within the Democratic Party will not be smooth sailing.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0bb8e90cfe187914a988d67a8c088582","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185662195","content_text":"目前,美国总统拜登的许多优先事项面临停滞的局面,包括选举改革法案、天量基建计划和一些其他措施,都面临着共和党人的坚决抵制和少数中间派民主党人的反对。\n民主党的推行障碍越来越多,关键的中间派参议员曼钦于6月6日(上周日)表示,将投票反对民主党提出的一项选举改革法案。\n曼钦称,如果没有共和党的支持,以民主党单边进行的选举改革很大可能会使党派分歧继续加深。因此,他赞成修改这项涉及简化选民登记及投票的法案。\n美国消费者新闻与商业频道(CNBC)指出,共和党人基本上都反对该项选举改革法案。而民主党人没有曼钦的支持,该法案通过的可能性更渺茫。\n此外,曼钦还表示,他不会支持取消阻挠议事(filibuster),这将阻碍拜登在选举改革和气候变化等问题上的部分立法议程。\n阻挠议事要求,在参议院获得60票才可通过一项立法,而民主党和共和党在参议院的票数为50-50。\n这意味着,拜登的天量基建计划和选举改革法案,至少需要10名共和党参议员投票支持,才有可能通过阻挠议事程序,并进入最终投票通过。\n华尔街见闻此前文章提及,拜登的天量基建计划因为美国两党在涵盖内容以及资金来源上存在巨大分歧,白宫考虑放弃达成两党协议,仅靠民主党自己的力量推动“大基建”。\n但是目前看来,这项计划面临着民主党内可能都难达共识的障碍。共和党人一直反对拜登提出的通过增加税收来支付基建计划,对此,部分民主党人也表示认可。总而言之,即使撇开了共和党,拜登想要在民主党内先达成一致都并非是一帆风顺。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112157179,"gmtCreate":1622857407491,"gmtModify":1704192504043,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/112157179","repostId":"2141400304","repostType":4,"repost":{"id":"2141400304","kind":"news","pubTimestamp":1622854462,"share":"https://ttm.financial/m/news/2141400304?lang=en_US&edition=fundamental","pubTime":"2021-06-05 08:54","market":"us","language":"zh","title":"Microsoft's $16 billion acquisition of Nuance has been granted U.S. antitrust permission","url":"https://stock-news.laohu8.com/highlight/detail?id=2141400304","media":"新浪科技","summary":"北京时间6月5日上午消息,据报道,根据最近人工智能与语音技术公司Nuance向政府提交的文件,微软收购Nuance的这笔交易,已经获得美国的反垄断许可。今年四月份,微软正式公开了这笔160亿美元的交易","content":"<p>According to reports on the morning of June 5th, Beijing time, based on documents recently submitted to the government by artificial intelligence and voice technology company Nuance,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>The acquisition of Nuance has received antitrust approval from the United States.</p><p>In April of this year, Microsoft officially announced the $16 billion deal. Prior to this, the two companies had already cooperated on automated medical management (such as document archiving) in 2019.</p><p>In a filing with the U.S. Securities and Exchange Commission on Friday, Nuance stated that the deadline for the U.S. government to object to the transaction is June 1. Nuance stated that the expiration of this date \"meets one of the conditions for completing the transaction.\"</p><p>A Microsoft spokesperson previously stated that regulators in other jurisdictions were reviewing the acquisition and expected it to close by the end of 2021.</p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft's $16 billion acquisition of Nuance has been granted U.S. antitrust permission</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\">\nMicrosoft's $16 billion acquisition of Nuance has been granted U.S. antitrust permission\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-06-05 08:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to reports on the morning of June 5th, Beijing time, based on documents recently submitted to the government by artificial intelligence and voice technology company Nuance,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>The acquisition of Nuance has received antitrust approval from the United States.</p><p>In April of this year, Microsoft officially announced the $16 billion deal. Prior to this, the two companies had already cooperated on automated medical management (such as document archiving) in 2019.</p><p>In a filing with the U.S. Securities and Exchange Commission on Friday, Nuance stated that the deadline for the U.S. government to object to the transaction is June 1. Nuance stated that the expiration of this date \"meets one of the conditions for completing the transaction.\"</p><p>A Microsoft spokesperson previously stated that regulators in other jurisdictions were reviewing the acquisition and expected it to close by the end of 2021.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://tech.sina.cn/i/gj/2021-06-05/detail-ikqcfnaz9207589.d.html?vt=4\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/055c7812061d918cb8dbc486a1ec6b48","relate_stocks":{"MSFT":"微软"},"source_url":"https://tech.sina.cn/i/gj/2021-06-05/detail-ikqcfnaz9207589.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141400304","content_text":"北京时间6月5日上午消息,据报道,根据最近人工智能与语音技术公司Nuance向政府提交的文件,微软收购Nuance的这笔交易,已经获得美国的反垄断许可。今年四月份,微软正式公开了这笔160亿美元的交易。在此之前,两家公司已经在2019年就自动化医疗管理工作(比如文件归档等)进行合作。在周五提交给美国证券交易委员会的文件中,Nuance表示,美国政府对该交易提出反对的截止日期为6月1日。Nuance称,该日期到期“满足了完成交易的条件之一”。微软发言人之前在一份声明中表示,其他司法管辖区的监管机构正在审查这笔收购交易,并预期交易将于2021年底完成。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118706512,"gmtCreate":1622760522336,"gmtModify":1704190480122,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/118706512","repostId":"1135014295","repostType":4,"repost":{"id":"1135014295","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":1622735206,"share":"https://ttm.financial/m/news/1135014295?lang=en_US&edition=fundamental","pubTime":"2021-06-03 23:46","market":"us","language":"zh","title":"Biden changes his tune! Without raising corporate taxes, the three major US stock indexes rebounded collectively.","url":"https://stock-news.laohu8.com/highlight/detail?id=1135014295","media":"老虎资讯综合","summary":"周四晚间消息,美国总统拜登在周三的一次非公开会议上表示,将对他的税收提案进行重大修改,以赢得共和党对其1万亿美元基础设施一揽子计划的支持。拜登的税收新计划似乎不会提高最高企业税率。据一位不愿透露姓名的","content":"<p>Thursday evening news,<b>U.S. President Joe Biden said in a closed-door meeting on Wednesday that he would make significant changes to his tax proposal in a bid to win Republican support for his $1 trillion infrastructure package.</b>Biden's new tax plan does not appear to raise the top corporate tax rate. According to an unnamed source familiar with the matter,<b>Biden has proposed a 15% floor for corporate taxes, aimed at dozens of U.S. companies that pay little or no taxes to the federal government each year.</b></p><p>Biden's new proposal amounts to a significant concession, following his proposal to raise the corporate tax rate from 21% to 28%. The two sides are scheduled to meet again on Friday for discussions.</p><p>Following this news, the three major U.S. stock indexes rebounded, with the Dow Jones Industrial Average turning positive during the session.</p><p><img src=\"https://static.tigerbbs.com/ea875c04d97b05af2b4acfede7ef85d1\" tg-width=\"840\" tg-height=\"470\" 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>Biden changes his tune! Without raising corporate taxes, the three major US stock indexes rebounded collectively.</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\">\nBiden changes his tune! Without raising corporate taxes, the three major US stock indexes rebounded collectively.\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\">2021-06-03 23:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Thursday evening news,<b>U.S. President Joe Biden said in a closed-door meeting on Wednesday that he would make significant changes to his tax proposal in a bid to win Republican support for his $1 trillion infrastructure package.</b>Biden's new tax plan does not appear to raise the top corporate tax rate. According to an unnamed source familiar with the matter,<b>Biden has proposed a 15% floor for corporate taxes, aimed at dozens of U.S. companies that pay little or no taxes to the federal government each year.</b></p><p>Biden's new proposal amounts to a significant concession, following his proposal to raise the corporate tax rate from 21% to 28%. The two sides are scheduled to meet again on Friday for discussions.</p><p>Following this news, the three major U.S. stock indexes rebounded, with the Dow Jones Industrial Average turning positive during the session.</p><p><img src=\"https://static.tigerbbs.com/ea875c04d97b05af2b4acfede7ef85d1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0bb8e90cfe187914a988d67a8c088582","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135014295","content_text":"周四晚间消息,美国总统拜登在周三的一次非公开会议上表示,将对他的税收提案进行重大修改,以赢得共和党对其1万亿美元基础设施一揽子计划的支持。拜登的税收新计划似乎不会提高最高企业税率。据一位不愿透露姓名的知情人士透露,拜登建议公司税的下限为15%,旨在对数十家每年向联邦政府支付很少甚至不支付任何税收的美国公司征收。拜登的新提议相当于一个重大让步,此前拜登提出将公司税率从21%提高至28%。双方定于周五再次会面讨论。受此消息影响,美股三大股指回升,道指盘中转涨。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137403263,"gmtCreate":1622372170052,"gmtModify":1704183572735,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/137403263","repostId":"1151377509","repostType":4,"isVote":1,"tweetType":1,"viewCount":1836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135705174,"gmtCreate":1622181430398,"gmtModify":1704181022633,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135705174","repostId":"1130424152","repostType":4,"repost":{"id":"1130424152","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1622171495,"share":"https://ttm.financial/m/news/1130424152?lang=en_US&edition=fundamental","pubTime":"2021-05-28 11:11","market":"us","language":"zh","title":"Retail investors are squeezing shorts again! What else are they buying besides GME and AMC?","url":"https://stock-news.laohu8.com/highlight/detail?id=1130424152","media":"华尔街见闻","summary":"周四,美国连锁影院AMC股价再度飙升35%,创近四年新高。","content":"<p>Author: Lin Jingyang</p><p>On Thursday, shares of American theater chain AMC surged again by 35%, hitting a nearly four-year high; Video game retailer GME also rose another 5%, followed by BioCryst, Roblox,<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>It will continue to rise. Over the past five days, GME and AMC have surged by 48% and 110%, respectively.</p><p><img src=\"https://static.tigerbbs.com/d9e388aac59a8b09ac14bd9977904ab1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>After news of GME and AMC shorting went viral on social media last week, retail investors once again rallied to buy in large quantities. The \"short squeeze\" by retail investors in the US stock market four months ago is still fresh in our minds, and now it seems to be making a comeback.</p><p>according to<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Since May 12, the returns of \"retail investors' favorite\" stocks have outperformed the broader market by 5%. However, in mid-March, as the \"retail investor short selling\" cooled down, the performance of these small-cap stocks once lagged behind the broader market by 8%, and the situation reversed significantly.</p><p>It's far more than just GME and AMC stocks that have attracted the attention of retail investors. The bank listed the 50 most actively traded small-cap stocks by retail investors on Wednesday, as shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/3117aebfa949da6aff119f61c827840f\" tg-width=\"500\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p><p>The table below shows the most active small-cap stocks in options trading:</p><p><img src=\"https://static.tigerbbs.com/e11d7f476bc646e0e14478673ecc616a\" tg-width=\"500\" tg-height=\"714\" referrerpolicy=\"no-referrer\"></p><p>Analysts say that due to recent volatility in the cryptocurrency market, most retail investors have lost their enthusiasm for cryptocurrency trading this month and are re-entering the stock market in search of profits. Platforms like Reddit's WallStreetBets forum provide a constant source of enthusiasm for retail investors.</p><p>Ihor Dusaniwsky of S3 Partners said that short runs on AMC and GME have reached their peak, and AMC's rebound this week has pushed the possibility of a short squeeze even higher. According to Bloomberg statistics, AMC's options trading volume reached 1.6 million on May 26, tying the record high with February 25.</p><p><img src=\"https://static.tigerbbs.com/1cbb9b127d2494ab0c6ae7913d0c8bd8\" tg-width=\"1060\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p><p>On the other hand, short sellers are once again experiencing heart-wrenching pain. According to data from S3 Partners, short sellers of AMC stock have accumulated losses of over $1.3 billion this year as of May 26, with losses reaching $291 million on the 26th alone.</p><p>Recently, CNBC host and US stock market commentator Jim Cramer stated that those still trying to short...<a href=\"https://laohu8.com/S/GME\">Game Station</a>Investors in AMC are going crazy. WallStreetBets' retail investors are too strong, and trying to short them now will only give them more ammunition.</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>Retail investors are squeezing shorts again! What else are they buying besides GME and AMC?</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\">\nRetail investors are squeezing shorts again! What else are they buying besides GME and AMC?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-05-28 11:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Author: Lin Jingyang</p><p>On Thursday, shares of American theater chain AMC surged again by 35%, hitting a nearly four-year high; Video game retailer GME also rose another 5%, followed by BioCryst, Roblox,<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>It will continue to rise. Over the past five days, GME and AMC have surged by 48% and 110%, respectively.</p><p><img src=\"https://static.tigerbbs.com/d9e388aac59a8b09ac14bd9977904ab1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>After news of GME and AMC shorting went viral on social media last week, retail investors once again rallied to buy in large quantities. The \"short squeeze\" by retail investors in the US stock market four months ago is still fresh in our minds, and now it seems to be making a comeback.</p><p>according to<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Since May 12, the returns of \"retail investors' favorite\" stocks have outperformed the broader market by 5%. However, in mid-March, as the \"retail investor short selling\" cooled down, the performance of these small-cap stocks once lagged behind the broader market by 8%, and the situation reversed significantly.</p><p>It's far more than just GME and AMC stocks that have attracted the attention of retail investors. The bank listed the 50 most actively traded small-cap stocks by retail investors on Wednesday, as shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/3117aebfa949da6aff119f61c827840f\" tg-width=\"500\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p><p>The table below shows the most active small-cap stocks in options trading:</p><p><img src=\"https://static.tigerbbs.com/e11d7f476bc646e0e14478673ecc616a\" tg-width=\"500\" tg-height=\"714\" referrerpolicy=\"no-referrer\"></p><p>Analysts say that due to recent volatility in the cryptocurrency market, most retail investors have lost their enthusiasm for cryptocurrency trading this month and are re-entering the stock market in search of profits. Platforms like Reddit's WallStreetBets forum provide a constant source of enthusiasm for retail investors.</p><p>Ihor Dusaniwsky of S3 Partners said that short runs on AMC and GME have reached their peak, and AMC's rebound this week has pushed the possibility of a short squeeze even higher. According to Bloomberg statistics, AMC's options trading volume reached 1.6 million on May 26, tying the record high with February 25.</p><p><img src=\"https://static.tigerbbs.com/1cbb9b127d2494ab0c6ae7913d0c8bd8\" tg-width=\"1060\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p><p>On the other hand, short sellers are once again experiencing heart-wrenching pain. According to data from S3 Partners, short sellers of AMC stock have accumulated losses of over $1.3 billion this year as of May 26, with losses reaching $291 million on the 26th alone.</p><p>Recently, CNBC host and US stock market commentator Jim Cramer stated that those still trying to short...<a href=\"https://laohu8.com/S/GME\">Game Station</a>Investors in AMC are going crazy. WallStreetBets' retail investors are too strong, and trying to short them now will only give them more ammunition.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9799452c6e883af5f4b9930336873099","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130424152","content_text":"作者:林菁扬周四,美国连锁影院AMC股价再度飙升35%,创近四年新高;电子游戏零售商GME也再涨5%,BioCryst、Roblox、黑莓继续走高。过去五天,GME和AMC已分别大涨48%和110%。上周社群媒体疯传GME与AMC做空消息后,散户再次集结大举买进。四个月前美股散户“逼空大战”犹在眼前,如今似又卷土重来。据高盛,5月12日以来,“散户最爱”股票收益率已超出大盘5%,而3月中旬随着“散户逼空战”熄火,此类小型股表现一度落后大盘8%,情势明显逆转。被散户相中的远不止GME和AMC两只股票。该行罗列了50只周三散户交易最活跃的小型股,如下表所示:下表则展示了期权交易活跃度最高的小型股:分析师表示,由于加密货币市场近期震荡不断,本月大部分散户失去“炒币”激情,重新进入股市以寻求收益。Reddit的WallStreetBets论坛之类的平台给散户提供了持续的热情来源。S3 Partners的Ihor Dusaniwsky称,AMC和GME的空头挤兑情况已经达到了最高,而AMC本周的反弹将逼空的可能性推得更高。据彭博统计,AMC在5月26日的期权成交量达到了160万份,与2月25日并列历史最高。另一边,做空者再次经历钻心之痛。根据S3 Partners的数据显示,AMC股票的空头截止5月26日的今年累计亏损已经超过13亿美元,其中单单26日一天的亏损就达到2.91亿美元。近日,CNBC主持人、美国股市评论员Jim Cramer表示,那些仍然试图做空游戏驿站和AMC的投资者都是疯了,WallStreetBets的散户太强势了,现在试图做空只会给他们更多的弹药。","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136183539,"gmtCreate":1621999241421,"gmtModify":1704365796819,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571363097076123","idStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/136183539","repostId":"1106894116","repostType":4,"repost":{"id":"1106894116","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":1621999122,"share":"https://ttm.financial/m/news/1106894116?lang=en_US&edition=fundamental","pubTime":"2021-05-26 11:18","market":"sh","language":"zh","title":"The onshore yuan broke through the 6.4 mark against the US dollar for the first time since June 2018.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106894116","media":"老虎资讯综合","summary":"据中国货币网报价,在岸人民币兑美元升破6.4关口,为2018年6月来首次。","content":"<p>According to quotes from China Money Network, the onshore yuan broke through the 6.4 mark against the US dollar for the first time since June 2018.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The onshore yuan broke through the 6.4 mark against the US dollar for the first time since June 2018.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe onshore yuan broke through the 6.4 mark against the US dollar for the first time since June 2018.\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\">2021-05-26 11:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to quotes from China Money Network, the onshore yuan broke through the 6.4 mark against the US dollar for the first time since June 2018.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/16d1fa6e9b69c5975060146f6c797ee5","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106894116","content_text":"据中国货币网报价,在岸人民币兑美元升破6.4关口,为2018年6月来首次。","news_type":1,"symbols_score_info":{"USDCNYmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":153848156,"gmtCreate":1625019001775,"gmtModify":1703850238866,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":372,"repostSize":0,"link":"https://ttm.financial/post/153848156","repostId":"1133732318","repostType":4,"isVote":1,"tweetType":1,"viewCount":8202,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Now market sell covered call and sell put every week better [LOL] slowly slowly gain","text":"Now market sell covered call and sell put every week better [LOL] slowly slowly gain","html":"Now market sell covered call and sell put every week better [LOL] slowly slowly gain"},{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Short those who have gone through a lot of times, don't guess the roof, look at the candle before going to the air, or fall to the force position. Stop putting it on the previous one, or, every time I make a short, I make a backhand long, and I always make a long list of sohai haha","text":"Short those who have gone through a lot of times, don't guess the roof, look at the candle before going to the air, or fall to the force position. Stop putting it on the previous one, or, every time I make a short, I make a backhand long, and I always make a long list of sohai haha","html":"Short those who have gone through a lot of times, don't guess the roof, look at the candle before going to the air, or fall to the force position. Stop putting it on the previous one, or, every time I make a short, I make a backhand long, and I always make a long list of sohai haha"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168159356,"gmtCreate":1623967743375,"gmtModify":1703824732520,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":16,"repostSize":1,"link":"https://ttm.financial/post/168159356","repostId":"1119601826","repostType":4,"isVote":1,"tweetType":1,"viewCount":2166,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"This is what letters i hv","text":"This is what letters i hv","html":"This is what letters i hv"},{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Hoseh, dishwashing power","text":"Hoseh, dishwashing power","html":"Hoseh, dishwashing power"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372641195,"gmtCreate":1619213705317,"gmtModify":1704721287421,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":14,"repostSize":0,"link":"https://ttm.financial/post/372641195","repostId":"1195038827","repostType":4,"repost":{"id":"1195038827","kind":"news","pubTimestamp":1619182120,"share":"https://ttm.financial/m/news/1195038827?lang=en_US&edition=fundamental","pubTime":"2021-04-23 20:48","market":"us","language":"zh","title":"Will Biden's tariffs trigger a sell-off in US stocks? This is what the seven major Wall Street institutions say.","url":"https://stock-news.laohu8.com/highlight/detail?id=1195038827","media":"腾讯美股 ","summary":"华尔街最为关注的无疑是拟议中的政策会对投资有多大影响,他们纷纷表示,现在就陷入恐慌还为时过早,但是更高的税率确实会对投资者受到惊吓,从而导致短期内的抛售行情出现。当地时间周四,媒体爆料称,拜登总统的最","content":"<p>Wall Street is undoubtedly most concerned about how much the proposed policies will affect investment. They have stated that it is too early to panic, but higher tax rates will indeed frighten investors, leading to a short-term sell-off.<img src=\"https://static.tigerbbs.com/d086cfcbe09287118fa363dfef6f7977\" tg-width=\"1080\" tg-height=\"646\" referrerpolicy=\"no-referrer\"></p><p>On Thursday local time, media reports indicated that President Biden's latest plan would double the capital gains tax rate, causing the US stock market to fall.</p><p>Wall Street is undoubtedly most concerned about how much the proposed policies will affect investment. They have stated that it is too early to panic, but higher tax rates will indeed frighten investors, leading to a short-term sell-off.</p><p>Following media reports that Biden planned to raise the capital gains tax rate for taxpayers with an annual income of at least $1 million to 39.6%, doubling from the current 20%, the S&P 500 fell from 4,179 points to 4,127 points in just one hour of afternoon trading, ultimately closing down 38 points at 4,135.</p><p>Sources familiar with the matter say President Biden raised the capital gains tax rate for wealthy families to help raise funds for social spending to improve long-standing wealth inequality.</p><p>According to anonymous sources, for those earning $1 million or more annually, the new top capital gains tax rate, combined with the existing investment income surtax, means that these wealthy individuals will pay 43.4% tax on their capital gains. The new top tax rate is 39.6%, almost double the current 20%. In addition, the 3.8% investment income tax used to finance Obamacare continues to be maintained, and the tax rates on these financial asset returns already exceed some wage and salary income taxes.</p><p>This is a significant change because for a long time, investment income has been subject to a lower overall tax rate than labor income. During the election, Biden promised to seek equality in capital gains tax and income tax, pointing out that many of the wealthy face overall tax rates that are even lower than those of the middle class, which is unfair and unreasonable.</p><p>When asked about the capital gains tax plan at a press conference on Thursday, White House Press Secretary Jen Psaki said, \"We haven't finalized any of these issues yet.\" Biden is expected to release the motion next week, which is part of the funding component of the American Families Plan.</p><p>Other possible policies recently discussed by the government include raising inheritance tax on the wealthy. Biden has warned that those earning more than $400,000 are expected to pay more in taxes. The White House also announced a plan to raise corporate tax rates, which will be used for the proposed $2.25 trillion infrastructure program, the American Jobs Plan.</p><p>Republicans still insist on retaining the tax cuts passed by former President Trump in 2017, claiming that the current capital gains tax structure can encourage savings and help drive future economic growth.</p><p>“The new plan will lead to reduced investment and unemployment,” said Chuck Grassley, an Iowa Republican and former chairman of the Senate Ways and Means Committee, expressing his dissatisfaction with Biden’s motion. He praised the 2017 tax cuts, emphasizing, \"If something isn't broken, don't fix it casually.\"</p><p>Biden will address a joint session of the House and Senate on April 28, detailing his \"American Families Plan.\" The latter is expected to include a range of new spending on children and education, including a temporary extension of the child tax credit expansion, allowing parents of children aged 6 and older to receive $250 per month and $300 for children under that age.</p><p>Biden's move to equalize payroll taxes and capital gains taxes on wealthy individuals would significantly curb the benefits of so-called \"fringe benefits,\" effectively reducing the profits private equity and hedge fund managers make on their investments.</p><p>City -<a href=\"https://laohu8.com/S/BRKR\">Brooke</a>Based on Biden's campaign platform, the Urban-Brookings Tax Policy Center estimates that raising the capital gains Tax rate will increase the U.S. government's revenue by $370 billion over the next decade.</p><p>Wall Street professionals have offered their opinions on the potential impact of Biden's new policies.</p><p>Chris O'Keefe, executive director of Logan Capital Management:</p><p>\"The primary impact is that people may decide to cash out their capital gains now to avoid the impact of higher tax rates, or delay them as much as possible. We may see people delaying their gains this year. As people's willingness to cash out their gains and shift to other investments is dampened, the market may face potential problems with insufficient capital flows.\" If you have to pay higher taxes, people won't be as willing to trade as they used to be.</p><p>Chris Zaccarelli, Chief Investment Officer of Independent Advisor Alliance:</p><p>\"The main impact is that this year will see a sell-off. In the coming years, new policies may suppress stock sales, while buying will also be affected, and people may seek other places to allocate their funds. The higher the tax rate, the less willing people are to participate in activities that create a tax burden.\"</p><p>Dan Suzuki, Deputy Chief Investment Officer at Richard Bernstein Advisors:</p><p>\"This plan is more radical than people previously expected. However, I personally wouldn't react very strongly. Given the current situation, the chances of this motion passing in its entirety are very small, and the final bill will definitely be significantly diluted.\"</p><p>Sameer Samana, Senior Global Market Strategist at Wells Fargo Investment Institute:</p><p>\"If this is just the beginning of a series of policies that are unfriendly to the market, then future market conditions will become increasingly volatile and unpredictable. We are not so worried about the increase in corporate tax rates, but a change in the capital gains tax rate will shake the foundation of the system. This will instill fear in people and have a direct impact on their investment methods.\"</p><p>Max Gokhman, Head of Asset Allocation at Pacific Life Fund Advisors:</p><p>\"In my opinion, Biden's announcement of his capital gains tax rate reform plan didn't come as a real surprise, but few people expected him to act so early, so quickly, and with such force. Unless we go back to 2021, the new regulations will most likely not take effect until 2022, which means there will be at least a small sell-off this year.\" While retail investors have now received widespread media attention and become a significant force in daytime market trading, the reality is that most stocks are actually held by institutional investors and wealthy individuals.</p><p>Kim Forrest, chief investment officer at Bokeh Capital Partners:</p><p>“Market prices are determined by the balance between buyers and sellers, so if you want to encourage more active trading, you have to cut taxes. The current approach will inevitably limit the potential rise in the stock market because it will create more sellers. This is how the market works. While I can’t say that this outcome is inevitable, the fact is that it is artificially creating sales.”</p><p>Chris Grisanti, chief equity strategist at MAI Capital Management:</p><p>\"The real devil will be hidden in the details—will the effective date be retroactive to January of this year? Is there no point in selling now? Will it start next year? Of course, there is also the most fundamental question: will it be passed? Especially the tax bill, which will definitely go through a series of negotiations before it is finally passed.\" There are still many variables. Now, investors can only be certain of one thing: tax rates will rise, and we have at least begun to partially pay for economic stimulus spending.</p>","source":"txmg","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>Will Biden's tariffs trigger a sell-off in US stocks? This is what the seven major Wall Street institutions say.</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\">\nWill Biden's tariffs trigger a sell-off in US stocks? This is what the seven major Wall Street institutions say.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯美股 </strong><span class=\"h-time small\">2021-04-23 20:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street is undoubtedly most concerned about how much the proposed policies will affect investment. They have stated that it is too early to panic, but higher tax rates will indeed frighten investors, leading to a short-term sell-off.<img src=\"https://static.tigerbbs.com/d086cfcbe09287118fa363dfef6f7977\" tg-width=\"1080\" tg-height=\"646\" referrerpolicy=\"no-referrer\"></p><p>On Thursday local time, media reports indicated that President Biden's latest plan would double the capital gains tax rate, causing the US stock market to fall.</p><p>Wall Street is undoubtedly most concerned about how much the proposed policies will affect investment. They have stated that it is too early to panic, but higher tax rates will indeed frighten investors, leading to a short-term sell-off.</p><p>Following media reports that Biden planned to raise the capital gains tax rate for taxpayers with an annual income of at least $1 million to 39.6%, doubling from the current 20%, the S&P 500 fell from 4,179 points to 4,127 points in just one hour of afternoon trading, ultimately closing down 38 points at 4,135.</p><p>Sources familiar with the matter say President Biden raised the capital gains tax rate for wealthy families to help raise funds for social spending to improve long-standing wealth inequality.</p><p>According to anonymous sources, for those earning $1 million or more annually, the new top capital gains tax rate, combined with the existing investment income surtax, means that these wealthy individuals will pay 43.4% tax on their capital gains. The new top tax rate is 39.6%, almost double the current 20%. In addition, the 3.8% investment income tax used to finance Obamacare continues to be maintained, and the tax rates on these financial asset returns already exceed some wage and salary income taxes.</p><p>This is a significant change because for a long time, investment income has been subject to a lower overall tax rate than labor income. During the election, Biden promised to seek equality in capital gains tax and income tax, pointing out that many of the wealthy face overall tax rates that are even lower than those of the middle class, which is unfair and unreasonable.</p><p>When asked about the capital gains tax plan at a press conference on Thursday, White House Press Secretary Jen Psaki said, \"We haven't finalized any of these issues yet.\" Biden is expected to release the motion next week, which is part of the funding component of the American Families Plan.</p><p>Other possible policies recently discussed by the government include raising inheritance tax on the wealthy. Biden has warned that those earning more than $400,000 are expected to pay more in taxes. The White House also announced a plan to raise corporate tax rates, which will be used for the proposed $2.25 trillion infrastructure program, the American Jobs Plan.</p><p>Republicans still insist on retaining the tax cuts passed by former President Trump in 2017, claiming that the current capital gains tax structure can encourage savings and help drive future economic growth.</p><p>“The new plan will lead to reduced investment and unemployment,” said Chuck Grassley, an Iowa Republican and former chairman of the Senate Ways and Means Committee, expressing his dissatisfaction with Biden’s motion. He praised the 2017 tax cuts, emphasizing, \"If something isn't broken, don't fix it casually.\"</p><p>Biden will address a joint session of the House and Senate on April 28, detailing his \"American Families Plan.\" The latter is expected to include a range of new spending on children and education, including a temporary extension of the child tax credit expansion, allowing parents of children aged 6 and older to receive $250 per month and $300 for children under that age.</p><p>Biden's move to equalize payroll taxes and capital gains taxes on wealthy individuals would significantly curb the benefits of so-called \"fringe benefits,\" effectively reducing the profits private equity and hedge fund managers make on their investments.</p><p>City -<a href=\"https://laohu8.com/S/BRKR\">Brooke</a>Based on Biden's campaign platform, the Urban-Brookings Tax Policy Center estimates that raising the capital gains Tax rate will increase the U.S. government's revenue by $370 billion over the next decade.</p><p>Wall Street professionals have offered their opinions on the potential impact of Biden's new policies.</p><p>Chris O'Keefe, executive director of Logan Capital Management:</p><p>\"The primary impact is that people may decide to cash out their capital gains now to avoid the impact of higher tax rates, or delay them as much as possible. We may see people delaying their gains this year. As people's willingness to cash out their gains and shift to other investments is dampened, the market may face potential problems with insufficient capital flows.\" If you have to pay higher taxes, people won't be as willing to trade as they used to be.</p><p>Chris Zaccarelli, Chief Investment Officer of Independent Advisor Alliance:</p><p>\"The main impact is that this year will see a sell-off. In the coming years, new policies may suppress stock sales, while buying will also be affected, and people may seek other places to allocate their funds. The higher the tax rate, the less willing people are to participate in activities that create a tax burden.\"</p><p>Dan Suzuki, Deputy Chief Investment Officer at Richard Bernstein Advisors:</p><p>\"This plan is more radical than people previously expected. However, I personally wouldn't react very strongly. Given the current situation, the chances of this motion passing in its entirety are very small, and the final bill will definitely be significantly diluted.\"</p><p>Sameer Samana, Senior Global Market Strategist at Wells Fargo Investment Institute:</p><p>\"If this is just the beginning of a series of policies that are unfriendly to the market, then future market conditions will become increasingly volatile and unpredictable. We are not so worried about the increase in corporate tax rates, but a change in the capital gains tax rate will shake the foundation of the system. This will instill fear in people and have a direct impact on their investment methods.\"</p><p>Max Gokhman, Head of Asset Allocation at Pacific Life Fund Advisors:</p><p>\"In my opinion, Biden's announcement of his capital gains tax rate reform plan didn't come as a real surprise, but few people expected him to act so early, so quickly, and with such force. Unless we go back to 2021, the new regulations will most likely not take effect until 2022, which means there will be at least a small sell-off this year.\" While retail investors have now received widespread media attention and become a significant force in daytime market trading, the reality is that most stocks are actually held by institutional investors and wealthy individuals.</p><p>Kim Forrest, chief investment officer at Bokeh Capital Partners:</p><p>“Market prices are determined by the balance between buyers and sellers, so if you want to encourage more active trading, you have to cut taxes. The current approach will inevitably limit the potential rise in the stock market because it will create more sellers. This is how the market works. While I can’t say that this outcome is inevitable, the fact is that it is artificially creating sales.”</p><p>Chris Grisanti, chief equity strategist at MAI Capital Management:</p><p>\"The real devil will be hidden in the details—will the effective date be retroactive to January of this year? Is there no point in selling now? Will it start next year? Of course, there is also the most fundamental question: will it be passed? Especially the tax bill, which will definitely go through a series of negotiations before it is finally passed.\" There are still many variables. Now, investors can only be certain of one thing: tax rates will rise, and we have at least begun to partially pay for economic stimulus spending.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/XO3zdle__cLS1yxNGC6x-Q\">腾讯美股 </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50f0a252f951b7accc03d40bda92a3b2","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/XO3zdle__cLS1yxNGC6x-Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195038827","content_text":"华尔街最为关注的无疑是拟议中的政策会对投资有多大影响,他们纷纷表示,现在就陷入恐慌还为时过早,但是更高的税率确实会对投资者受到惊吓,从而导致短期内的抛售行情出现。当地时间周四,媒体爆料称,拜登总统的最新计划要让资本利得税率翻上一番,美股大盘应声下跌。华尔街最为关注的无疑是拟议中的政策会对投资有多大影响,他们纷纷表示,现在就陷入恐慌还为时过早,但是更高的税率确实会对投资者受到惊吓,从而导致短期内的抛售行情出现。在媒体报道了拜登计划将年收入至少100万美元的纳税人的资本利得税率提升到39.6%,较之当下的20%翻了一番的消息后,标普500指数在下午的交易中,短短一小时内就从4179点跌到了4127点,当日指数最终下跌38个点,收于4135点。知情人士称,拜登总统提升富有家庭的资本利得税率,是为了帮助筹措资金,用于改善长期以来贫富不均局面的社会支出。匿名消息源介绍说,对于那些年收入100万美元或者更高的人而言,新的最高资本利得税率,再加上既有的投资所得附加税,意味着这些富有个人将为自己的资本利得缴纳43.4%的税款。新的最高税率为39.6%,较之当前的20%几乎翻了一番。再加上为奥巴马医保融资的3.8%的投资所得税继续保持,这些金融资产回报所面对的税率已经超过了一些工资和薪资所得税。这是一个重大的变化,因为长期以来,投资所得面对的整体税率都是低于劳动所得的。在大选期间,拜登就承诺要谋求资本利得税和所得税的平等,指出那些富人当中有很多面对的整体税率甚至低于中产阶层,这是不公平和不合理的。白宫新闻秘书普萨基(Jen Psaki)在周四的新闻发布会上被问及资本利得税计划时表示:“类似这些问题,我们尚未最终定稿。”拜登预计将于下周发布这一动议,后者是属于“美国家庭计划”的融资部分。政府近期讨论的其他可能政策还包括提高富人的遗产税。拜登已经警告说,那些收入在40万美元以上者预计会更多纳税。白宫并发布了提高企业税率的计划,这笔资金将用于拟议当中2.25万亿美元的基础设施计划“美国就业计划”。共和党方面依然坚持要保留前总统特朗普2017年通过的减税法案,他们宣称,当下的资本利得税设置架构可以鼓励储蓄,帮助推动未来的经济增长。“新计划会导致投资减少,造成失业。”爱荷华州共和党人,前参议院融资委员会主席格拉斯利(Chuck Grassley)对拜登的动议感到不满。他对2017年减税大唱赞歌,强调:“如果东西没有坏掉,就不要随便去修。”拜登将于4月28日在国会参众两院联席会议上发表讲话,详细介绍其“美国家庭计划”。后者预计将包括一系列儿童和教育方面的新支出,具体内容有暂时延长儿童税务优惠扩张,让6岁及以上儿童的家长能够获得每月250美元,以下的能够获得300美元。拜登要让工资税和富有人口的资本利得税趋向平等,这就将大幅遏制所谓“附带权益”的好处,等于是削减了私募股权和对冲基金经理人们投资所得的利润。城市-布鲁克林税收政策中心(Urban-Brookings Tax Policy Center)根据拜登选战时的纲领政策估算,资本利得税率的提高将使得美国政府在未来十年当中增收3700亿美元。对于拜登的新政策可能造成的潜在影响,华尔街的专业人士纷纷发表了自己的看法。Logan Capital Management执行董事奥基夫(Chris O’Keefe):“首当其冲的影响就在于,人们可能会决定现在就兑现自己的资本利得,以避开更高税率的冲击,或者尽量延迟兑现。我们可能会看到,人们在今年纷纷延迟兑现利得。由于人们兑现利得,转向其他投资的意愿受到打击,市场就可能面对资本流动不足的潜在麻烦。如果必须缴纳更高的税金,人们就不会再像以前那样乐于交易了。”Independent Advisor Alliance 首席投资官扎卡莱里(Chris Zaccarelli):“最主要的影响就是,今年将因此上演一场抛售潮。在未来几年当中,新政策可能会对售股造成打压,同时买进也会受到影响,人们可能会去寻求其他的所在来配置自己的资金。税率越高,人们参与那些会造成税务负担的活动的意愿就越是低迷。”Richard Bernstein Advisors 副首席投资官铃木(Dan Suzuki):“这一方案比人们之前预想的更加激进。不过,我个人倒不会有多强烈的反应。从当下的局面看,这种动议完整通过的可能性是很小的,最终的法案肯定要大幅度稀释。”富国投资研究所高级全球市场策略师萨马纳(Sameer Samana):“如果这只是一系列对市场不友好的政策的开端,那么未来的行情就会变得越发起伏动荡,难以捉摸。我们对于企业税率提升倒不那么担心,但是资本利得税率的改变会动摇系统的根基。这会让人们感到恐惧,对他们的投资方式造成直接的影响。”Pacific Life Fund Advisors 资产配置部门主管高克曼(Max Gokhman):“在我看来,拜登宣布了其资本利得税率改革计划,没有让会真正感到吃惊,只不过很少有人能够想到,他会动手如此之早,如此之快,而且力度如此之大。除非要回溯2021年,不然的话,新法规大概率是2022年才会开始生效,这就意味着,今年至少也要有一波小抛售。虽然散户投资者现在已经受到了媒体的广泛关注,成为市场日间交易当中的一股重要力量,但现实是,大部分股票其实都是由机构,以及富有的个人持有的。”Bokeh Capital Partners 首席投资官福雷斯特(Kim Forrest):“市场价格是由买家和卖家的平衡决定的,所以如果你想要鼓励大家更为积极地交易,就必须减税,而现在的做法必然会对股市潜在的涨幅形成限制,因为它会造就更多的卖家。这是市场的运作机制。虽然我不能说这结果是必然,但是事实就是,这是在人为制造销售。”MAI Capital Management首席股票策略师格里桑蒂(Chris Grisanti):“真正的魔鬼将是隐藏在细节当中——生效期会回溯到今年1月吗?是不是现在卖出也没有意义了?它是从明年开始吗?当然还有一个最根本的疑问:这会得到通过吗?尤其是税务方面的法案,在最终通过前肯定要经过一系列讨价还价。还有许多的变数。现在,投资者只有一件事情能够肯定,那就是税率将会提高,我们至少已经开始部分地为经济刺激支出埋单了。”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1484,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Bro response on my comment thanks","text":"Bro response on my comment thanks","html":"Bro response on my comment thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346444243,"gmtCreate":1618107109182,"gmtModify":1704706648923,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":13,"repostSize":0,"link":"https://ttm.financial/post/346444243","repostId":"1180899373","repostType":4,"repost":{"id":"1180899373","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":1618036472,"share":"https://ttm.financial/m/news/1180899373?lang=en_US&edition=fundamental","pubTime":"2021-04-10 14:34","market":"us","language":"zh","title":"Yao Jinbo called for a 4 billion yuan fine on Beike, and attached a screenshot of its \"choose one of two\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1180899373","media":"老虎资讯综合","summary":"安居客董事会主席姚劲波在个人官方微博发文,“在房产交易领域有更明目张胆的二选一包装成自愿,强烈呼吁国家反垄断罚款贝壳40亿(4%标准)。并建议将此罚款打入国家公积金账户,以降低公积金贷款利率减轻老百姓","content":"<p>Yao Jinbo, Chairman of the Board of Directors of Anjuke, posted on his official Weibo account, \"In the real estate transaction field, there is a more blatant choice of two options packaged as voluntary, and I strongly call on the state to impose anti-monopoly fines.\"<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>4 billion (4% standard). It is also suggested that this fine be deposited into the national housing provident fund account to lower housing provident fund loan interest rates and alleviate the burden of buying a house for ordinary people.</p><p>He stated, \"58 Anjuke will fully enter the new home transaction field as a challenger this year, hoping that healthy competition will make the industry fairer and it will be easier for ordinary people to buy a house.\"</p><p><img src=\"https://static.tigerbbs.com/b5269c6ff38f6200dee3e500522461ec\" tg-width=\"538\" tg-height=\"325\" 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>Yao Jinbo called for a 4 billion yuan fine on Beike, and attached a screenshot of its \"choose one of two\"</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\">\nYao Jinbo called for a 4 billion yuan fine on Beike, and attached a screenshot of its \"choose one of two\"\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\">2021-04-10 14:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Yao Jinbo, Chairman of the Board of Directors of Anjuke, posted on his official Weibo account, \"In the real estate transaction field, there is a more blatant choice of two options packaged as voluntary, and I strongly call on the state to impose anti-monopoly fines.\"<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>4 billion (4% standard). It is also suggested that this fine be deposited into the national housing provident fund account to lower housing provident fund loan interest rates and alleviate the burden of buying a house for ordinary people.</p><p>He stated, \"58 Anjuke will fully enter the new home transaction field as a challenger this year, hoping that healthy competition will make the industry fairer and it will be easier for ordinary people to buy a house.\"</p><p><img src=\"https://static.tigerbbs.com/b5269c6ff38f6200dee3e500522461ec\" tg-width=\"538\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/678e3e3f546f3c7bbf731d45570008e4","relate_stocks":{"BEKE":"贝壳"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180899373","content_text":"安居客董事会主席姚劲波在个人官方微博发文,“在房产交易领域有更明目张胆的二选一包装成自愿,强烈呼吁国家反垄断罚款贝壳40亿(4%标准)。并建议将此罚款打入国家公积金账户,以降低公积金贷款利率减轻老百姓买房负担。”他表示,“58安居客今年将作为挑战者全面进入新房交易领域,希望良性竞争能让行业更公平,老百姓买房更简单。”","news_type":1,"symbols_score_info":{"BEKE":0.9}},"isVote":1,"tweetType":1,"viewCount":825,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Bro reply thx","text":"Bro reply thx","html":"Bro reply thx"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184884082,"gmtCreate":1623706956046,"gmtModify":1704208985757,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":12,"repostSize":0,"link":"https://ttm.financial/post/184884082","repostId":"1109157353","repostType":4,"repost":{"id":"1109157353","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1623678730,"share":"https://ttm.financial/m/news/1109157353?lang=en_US&edition=fundamental","pubTime":"2021-06-14 21:52","market":"sh","language":"zh","title":"Who is extinguishing the starlight of HarmonyOS?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109157353","media":"格隆汇投资学苑","summary":"在此前市场热点转换频繁,领涨热点持续性普遍不强,场外资金持币观望的心态较重的情况下,鸿蒙概念受资金看好,成了过去几个交易日最火热的板块之一。\n鸿蒙OS 2.0发布后,“鸿蒙概念股”和国产软件股股价走出","content":"<p>Given the frequent changes in market hotspots, the general lack of sustainability of leading sectors, and the heavy hold-and-wait mentality of off-market funds, the HarmonyOS concept has been favored by funds and has become one of the hottest sectors in the past few trading days.</p><p>Following the release of HarmonyOS 2.0, the stock prices of \"HarmonyOS concept stocks\" and domestic software stocks experienced a rally for several consecutive days. Yesterday, the HarmonyOS concept board closed up more than 12%, with many stocks hitting the daily limit. Among them, the most rapid growth momentum is undoubtedly<a href=\"https://laohu8.com/S/300339\">Runhe Software</a>The stock had already surged by over 140% before the launch of HarmonyOS, but its price has skyrocketed in recent days, hitting five consecutive daily limit-up days within a month and surging by nearly 300%.</p><p>On the last trading day before noon, Runhe Software hit the daily limit again, while other related stocks such as...<a href=\"https://laohu8.com/S/300608\">Sitch</a>、<a href=\"https://laohu8.com/S/688609\">Jiulian Technology</a>、<a href=\"https://laohu8.com/S/300541\">Advanced data communication</a>、<a href=\"https://laohu8.com/S/003032\">Intellectual education</a>All of them rose by more than 10%, with the entire HarmonyOS sector rising by 1.88%.</p><p>From June 7th to today, in just five trading days, the HarmonyOS concept stock has risen by nearly 20%.</p><p>Although many financial institutions have rushed to join the HarmonyOS ecosystem, the performance of the HarmonyOS system remains to be seen, especially its contribution to the profits of Huawei and its concept stocks, while the market has been violently driving up the HarmonyOS concept for several consecutive days.<b>Clearly, people trade more on emotions than on fundamentals.</b></p><p>Why do I say that? Judging from current public opinion monitoring, HarmonyOS has indeed made many people's blood boil.</p><p><b>1. \"HarmonyOS is the fate of the nation\"</b></p><p>This is not surprising at all.</p><p>“Any programmer with a modicum of brains should support HarmonyOS,” a programmer friend of mine said.</p><p>The nature of this project has changed since HarmonyOS was \"handed over to the state\". As a rising star in China's chip and communications technology fields, Huawei's emergence in cutting-edge technologies has been criticized by some Western forces. Before this, perhaps its success or failure represented the fate of a company, or even a street office;<b>However, after being \"handed over to the state,\" the fate of the HarmonyOS system became the fate of the nation.</b></p><p>The reason is simple. On a smaller scale, the current great rift between the Eastern and Western worlds is not a natural disaster but a man-made one. The increasingly competitive IT industry in the East will thus return to a blue ocean – differences at the system level alone can bring two to three times more job opportunities for programmers. China and the United States are competing in all aspects of the technology field, and IT is nothing new for them to spend a lot of money to compete for IT talent. With multiple favorable factors combined, programmers are overjoyed, enabling them to stay and contribute to their local communities.</p><p><b>On a larger scale, key departments, governments, national defense, and state-owned enterprises are essentially running naked without their own underlying internet infrastructure.</b></p><p>Russian President Vladimir Putin signed the Sovereign Internet Law in 2019, which will gradually reduce Russia's internet infrastructure dependence on foreign nodes, especially in the event of an external attack, allowing it to cut off its connection to the outside world and operate independently within the regional internet.</p><p>Just recently, Belarusian Prime Minister Gorovchenko said, \"We are forced to abandon Western goods and technologies. We are preparing to switch to Asian technologies. According to preliminary statistics, Chinese technology alone can replace 90% of European and American technologies.\" He emphasized that Belarus has drafted a complete set of measures to counter Western sanctions.</p><p>For countries hoping to climb up the global value chain,<b>The West, which controls the technological high ground, always holds high the sword of Damocles. When will this sword be cut down? I don't know; Why was it cut down? No reason needed.</b></p><p>China, which is considered its main competitor by the United States, naturally needs an independent internet infrastructure that can be future-oriented. Therefore, many people believe that the emergence of HarmonyOS is an important milestone in China's efforts to improve its internal capabilities.</p><p>However, others have brazenly chosen to stand on the \"opposite side\" of HarmonyOS.</p><p><i>\"It's just a reskinned Android, what's so great about it?\" \"My country is amazing, you're about to 'climax' again, aren't you?\"</i></p><p>In recent years, Huawei has been associated with \"patriotism,\" sparking a protracted war of words. We Media wrote and reprinted countless articles with titles such as \"America is dumbfounded\" and \"Trump's panic,\" and it was these articles that became a window for many readers to vent their anxiety.</p><p>Faced with the powerful \"imperialist hegemony,\" some people are indeed anxious. Some say that China and the United States have fallen into the Thucydides Trap, and this is not without reason. This is a world rife with piracy. Under the \"technology-market\" dependence of the modern value chain division of labor, pirates use more \"civilized\" methods to plunder wealth—establishing a tax system using currency, technology, and aircraft carriers to get the largest slice of the global value chain, while hardworking farmers only get scraps.</p><p><b>Huawei's prominence in the technological field comes at a time when there has been no major change in a century, yet it also happens to be stepping on the core interests of pirates. The contradiction seems irreconcilable, which is another example of the old fable of \"the one who sticks out when the bullet is hit\".</b>Faced with a barrage of criticism, Huawei chose to stand firm rather than compromise, seemingly striking a chord with anxious people.</p><p><b>It is precisely for this reason that Huawei has been labeled as \"patriotic\".</b></p><p>That's when things started to take a turn for the worse.</p><p>Statements like \"not buying Huawei is unpatriotic\" and \"buying fruit is selling the country\" are constantly emerging, and the scope of application of the labels \"patriotic\" and \"selling the country\" can be extended infinitely. Recently...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>In the \"rights protection incident,\" even Tesla owners were labeled as \"traitors.\"</p><p>Extreme voices are never absent from the public sphere. This is a place where mutual invisibility and communication are not completely synchronized, and expression is clearly lacking in inhibition. A pair of interacting forces must occur simultaneously. A very small number of extreme remarks quickly generated an emotional backlash, initially targeting the suppression of other product users in the name of \"labels,\" but later turning into a tit-for-tat confrontation with brands, companies, and concepts.</p><p>In fact, you can feel the bugs in these extreme statements by pushing the logic back one or two levels. However, logic often has little power in the field of social media public opinion—once people lack the ability to think independently, they will often parrot what others say, or parrot what others say for their own selfish gain.<b>With weights added to both ends of the scale, a gentle push by a willing person can stage a farce of \"calling a deer a horse\".</b></p><p><b>2. HarmonyOS's true goal</b></p><p>If we set aside various labels and look at the business nature of HarmonyOS alone, it is actually not that complicated.</p><p><b>Starting from a certain point in time, the innovation and development of mobile terminals gradually slowed down, and most new mobile phones became increasingly homogenized.</b><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Its innovation capabilities seem to have lost momentum, and instead it has fallen into a close struggle with competitors in terms of supply chain and profit margins; Brands such as Huawei, Xiaomi, and OPPO have caught up, attempting to share Apple's high-profit market share.</p><p>However, it's rare to see a product with a particular impressive selling point, and you can even guess what new features a certain product will have without watching the launch event. On the contrary, larger screens, longer battery life, lightweight design, price range, and the lack of accessories such as headphones and chargers have become the main themes of the battle.</p><p><b>Are the mines of the smartphone era about to dry up?</b></p><p>Therefore, in this competition for existing market share,<b>As a new smart terminal story, IoT has been brought to the forefront and become a new growth engine for established mobile phone manufacturers.</b></p><p>When Huawei was developing HarmonyOS, it was clearly aimed in this direction. At the Huawei 2020 Developer Conference, Yu Chengdong said, \"No one can extinguish the starlight in the sky.\" This statement not only refers to Huawei's current dark situation, but also to the fact that Huawei will emerge from the darkness through the efforts of countless developers. It can also be extended to strategic thinking about getting out of the predicament—everything in the era of the Internet of Everything is like starlight—by building infrastructure in the era of the Internet of Everything, HarmonyOS's true goal is to establish itself upstream of the value chain.</p><p><img src=\"https://static.tigerbbs.com/894a1e0d6613ac41bb0592e9d01930f3\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p>HarmonyOS wants to connect all devices with chips together, rather than just serving phones, tablets, or computers. In this system, there is no central or decentralized system; all devices are equal. Some only have powerful computing devices and weak computing devices, which are connected together through the HarmonyOS system to work together.</p><p><b>Therefore, the number of terminals and developers has become key to the success of HarmonyOS.</b></p><p>In terms of the number of terminal connections, Yang Haisong, vice president of Huawei's Consumer Business AI and Smart All-Scenario Business Department, once proposed a \"16% market share\". \"For underlying platforms like operating systems, software usage and market share are the core factors for their survival and success, while a 16% market share is a life-or-death threshold.\" In order to cross this 16% market share threshold, Huawei's goal for 2021 is to reach 300 million devices running HarmonyOS, of which 200 million are its own devices and 100 million are devices from ecosystem partners.</p><p>However, whether Huawei can achieve this goal remains to be seen. From April 2020 to April 2021, in terms of mobile operating system market share,<a href=\"https://laohu8.com/S/GOOGL\">Google A</a>Android accounted for 72.2%, Apple's iOS accounted for 26.99%, and other operating systems accounted for less than 1% of the market share.</p><p><b>3. Amidst all the chaos, HarmonyOS is right there.</b></p><p>HarmonyOS still has a long way to go, and it still needs our support.<b>But is this situation really a good thing for the future and fate of HarmonyOS?</b></p><p>In ancient Chinese, Hongmeng refers to the chaotic state before the birth of heaven and earth.</p><p>The nascent HarmonyOS, with just a little bit of patriotism, can enrich the user's taste experience and allow more people to join the \"starry sky\". From ancient times to the present, from laundry detergent to chips, people have done this, so what's wrong with that?</p><p>Unfortunately, once the topic of \"patriotism\" became associated with Huawei, things started to take a strange turn.</p><p>Huawei, currently at the forefront of the storm, can no longer be viewed purely from the perspective of business and corporate evolution. As a result, every move and action Huawei makes, once presented in writing, becomes distorted and distorted, turning into a...<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Their hysteria, self-abandonment, and self-indulgence seem to be born opposites, irreconcilable, battling for the \"pinnacle of the Forbidden City\" in this business world.</p><p>And what are the consequences of this phenomenon? People's arguments have strayed from the essence of HarmonyOS, falling into endless bickering and insults, turning friends into enemies, and gradually eating away at the vitality of Huawei and HarmonyOS until they are completely exhausted. So much so that even Ren Zhengfei couldn't stand it anymore. At the moment when Chinese consumers needed their support the most, he quickly jumped out and shouted: Loving Huawei is not the same as loving the country.</p><p><img src=\"https://static.tigerbbs.com/b482673f5f9e4eda0d0fe007f20c8787\" tg-width=\"700\" tg-height=\"1034\" referrerpolicy=\"no-referrer\"></p><p>Actually, just yesterday, I followed the trend of my friends and couldn't wait to upgrade my phone's operating system to HarmonyOS.</p><p>After the update, I excitedly opened my phone and found that it wasn't much different from Android. Even in the new feature guide, I didn't see much refreshing content.</p><p><b>However, it's important to understand that while the transition from a traditional operating system to the HarmonyOS appears to be merely a system upgrade, its underlying logic has actually changed.</b>This is a new logic for the era of the Internet of Everything, just like the ET7, the culmination of Nio' \"piling up materials\"—\"preparing for tomorrow,\" but ultimately it still needs four wheels and a round steering wheel.</p><p><img src=\"https://static.tigerbbs.com/4dc45032bd01e7fc29c13be27b050da0\" tg-width=\"800\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Being too reckless and increasing user conversion costs will actually be counterproductive. So I have reason to believe,<b>It will definitely exert its real power, but not now.</b></p><p>Whether it's \"HarmonyOS is awesome\" or \"HarmonyOS is no good,\" these are just people's current opinions.<b>A new operating system and the mobile phone ecosystem grow naturally, and both should have their own pace and bear their own risks.</b>In fact, Huawei is just such a company. Externally, it is being pursued and suppressed by the reactionary forces of \"US imperialism,\" and internally, many people are not optimistic about it for various reasons. It doesn't care about these things, but continues to review and explore, moving forward on the path it believes is right.</p><p><b>In this sense, HarmonyOS is just the beginning.</b></p><p><b>Until its enormous potential is verified, any behavior that draws conclusions based solely on \"labeling\" is tantamount to being a scoundrel.</b></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who is extinguishing the starlight of HarmonyOS?</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\">\nWho is extinguishing the starlight of HarmonyOS?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-06-14 21:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Given the frequent changes in market hotspots, the general lack of sustainability of leading sectors, and the heavy hold-and-wait mentality of off-market funds, the HarmonyOS concept has been favored by funds and has become one of the hottest sectors in the past few trading days.</p><p>Following the release of HarmonyOS 2.0, the stock prices of \"HarmonyOS concept stocks\" and domestic software stocks experienced a rally for several consecutive days. Yesterday, the HarmonyOS concept board closed up more than 12%, with many stocks hitting the daily limit. Among them, the most rapid growth momentum is undoubtedly<a href=\"https://laohu8.com/S/300339\">Runhe Software</a>The stock had already surged by over 140% before the launch of HarmonyOS, but its price has skyrocketed in recent days, hitting five consecutive daily limit-up days within a month and surging by nearly 300%.</p><p>On the last trading day before noon, Runhe Software hit the daily limit again, while other related stocks such as...<a href=\"https://laohu8.com/S/300608\">Sitch</a>、<a href=\"https://laohu8.com/S/688609\">Jiulian Technology</a>、<a href=\"https://laohu8.com/S/300541\">Advanced data communication</a>、<a href=\"https://laohu8.com/S/003032\">Intellectual education</a>All of them rose by more than 10%, with the entire HarmonyOS sector rising by 1.88%.</p><p>From June 7th to today, in just five trading days, the HarmonyOS concept stock has risen by nearly 20%.</p><p>Although many financial institutions have rushed to join the HarmonyOS ecosystem, the performance of the HarmonyOS system remains to be seen, especially its contribution to the profits of Huawei and its concept stocks, while the market has been violently driving up the HarmonyOS concept for several consecutive days.<b>Clearly, people trade more on emotions than on fundamentals.</b></p><p>Why do I say that? Judging from current public opinion monitoring, HarmonyOS has indeed made many people's blood boil.</p><p><b>1. \"HarmonyOS is the fate of the nation\"</b></p><p>This is not surprising at all.</p><p>“Any programmer with a modicum of brains should support HarmonyOS,” a programmer friend of mine said.</p><p>The nature of this project has changed since HarmonyOS was \"handed over to the state\". As a rising star in China's chip and communications technology fields, Huawei's emergence in cutting-edge technologies has been criticized by some Western forces. Before this, perhaps its success or failure represented the fate of a company, or even a street office;<b>However, after being \"handed over to the state,\" the fate of the HarmonyOS system became the fate of the nation.</b></p><p>The reason is simple. On a smaller scale, the current great rift between the Eastern and Western worlds is not a natural disaster but a man-made one. The increasingly competitive IT industry in the East will thus return to a blue ocean – differences at the system level alone can bring two to three times more job opportunities for programmers. China and the United States are competing in all aspects of the technology field, and IT is nothing new for them to spend a lot of money to compete for IT talent. With multiple favorable factors combined, programmers are overjoyed, enabling them to stay and contribute to their local communities.</p><p><b>On a larger scale, key departments, governments, national defense, and state-owned enterprises are essentially running naked without their own underlying internet infrastructure.</b></p><p>Russian President Vladimir Putin signed the Sovereign Internet Law in 2019, which will gradually reduce Russia's internet infrastructure dependence on foreign nodes, especially in the event of an external attack, allowing it to cut off its connection to the outside world and operate independently within the regional internet.</p><p>Just recently, Belarusian Prime Minister Gorovchenko said, \"We are forced to abandon Western goods and technologies. We are preparing to switch to Asian technologies. According to preliminary statistics, Chinese technology alone can replace 90% of European and American technologies.\" He emphasized that Belarus has drafted a complete set of measures to counter Western sanctions.</p><p>For countries hoping to climb up the global value chain,<b>The West, which controls the technological high ground, always holds high the sword of Damocles. When will this sword be cut down? I don't know; Why was it cut down? No reason needed.</b></p><p>China, which is considered its main competitor by the United States, naturally needs an independent internet infrastructure that can be future-oriented. Therefore, many people believe that the emergence of HarmonyOS is an important milestone in China's efforts to improve its internal capabilities.</p><p>However, others have brazenly chosen to stand on the \"opposite side\" of HarmonyOS.</p><p><i>\"It's just a reskinned Android, what's so great about it?\" \"My country is amazing, you're about to 'climax' again, aren't you?\"</i></p><p>In recent years, Huawei has been associated with \"patriotism,\" sparking a protracted war of words. We Media wrote and reprinted countless articles with titles such as \"America is dumbfounded\" and \"Trump's panic,\" and it was these articles that became a window for many readers to vent their anxiety.</p><p>Faced with the powerful \"imperialist hegemony,\" some people are indeed anxious. Some say that China and the United States have fallen into the Thucydides Trap, and this is not without reason. This is a world rife with piracy. Under the \"technology-market\" dependence of the modern value chain division of labor, pirates use more \"civilized\" methods to plunder wealth—establishing a tax system using currency, technology, and aircraft carriers to get the largest slice of the global value chain, while hardworking farmers only get scraps.</p><p><b>Huawei's prominence in the technological field comes at a time when there has been no major change in a century, yet it also happens to be stepping on the core interests of pirates. The contradiction seems irreconcilable, which is another example of the old fable of \"the one who sticks out when the bullet is hit\".</b>Faced with a barrage of criticism, Huawei chose to stand firm rather than compromise, seemingly striking a chord with anxious people.</p><p><b>It is precisely for this reason that Huawei has been labeled as \"patriotic\".</b></p><p>That's when things started to take a turn for the worse.</p><p>Statements like \"not buying Huawei is unpatriotic\" and \"buying fruit is selling the country\" are constantly emerging, and the scope of application of the labels \"patriotic\" and \"selling the country\" can be extended infinitely. Recently...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>In the \"rights protection incident,\" even Tesla owners were labeled as \"traitors.\"</p><p>Extreme voices are never absent from the public sphere. This is a place where mutual invisibility and communication are not completely synchronized, and expression is clearly lacking in inhibition. A pair of interacting forces must occur simultaneously. A very small number of extreme remarks quickly generated an emotional backlash, initially targeting the suppression of other product users in the name of \"labels,\" but later turning into a tit-for-tat confrontation with brands, companies, and concepts.</p><p>In fact, you can feel the bugs in these extreme statements by pushing the logic back one or two levels. However, logic often has little power in the field of social media public opinion—once people lack the ability to think independently, they will often parrot what others say, or parrot what others say for their own selfish gain.<b>With weights added to both ends of the scale, a gentle push by a willing person can stage a farce of \"calling a deer a horse\".</b></p><p><b>2. HarmonyOS's true goal</b></p><p>If we set aside various labels and look at the business nature of HarmonyOS alone, it is actually not that complicated.</p><p><b>Starting from a certain point in time, the innovation and development of mobile terminals gradually slowed down, and most new mobile phones became increasingly homogenized.</b><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Its innovation capabilities seem to have lost momentum, and instead it has fallen into a close struggle with competitors in terms of supply chain and profit margins; Brands such as Huawei, Xiaomi, and OPPO have caught up, attempting to share Apple's high-profit market share.</p><p>However, it's rare to see a product with a particular impressive selling point, and you can even guess what new features a certain product will have without watching the launch event. On the contrary, larger screens, longer battery life, lightweight design, price range, and the lack of accessories such as headphones and chargers have become the main themes of the battle.</p><p><b>Are the mines of the smartphone era about to dry up?</b></p><p>Therefore, in this competition for existing market share,<b>As a new smart terminal story, IoT has been brought to the forefront and become a new growth engine for established mobile phone manufacturers.</b></p><p>When Huawei was developing HarmonyOS, it was clearly aimed in this direction. At the Huawei 2020 Developer Conference, Yu Chengdong said, \"No one can extinguish the starlight in the sky.\" This statement not only refers to Huawei's current dark situation, but also to the fact that Huawei will emerge from the darkness through the efforts of countless developers. It can also be extended to strategic thinking about getting out of the predicament—everything in the era of the Internet of Everything is like starlight—by building infrastructure in the era of the Internet of Everything, HarmonyOS's true goal is to establish itself upstream of the value chain.</p><p><img src=\"https://static.tigerbbs.com/894a1e0d6613ac41bb0592e9d01930f3\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p>HarmonyOS wants to connect all devices with chips together, rather than just serving phones, tablets, or computers. In this system, there is no central or decentralized system; all devices are equal. Some only have powerful computing devices and weak computing devices, which are connected together through the HarmonyOS system to work together.</p><p><b>Therefore, the number of terminals and developers has become key to the success of HarmonyOS.</b></p><p>In terms of the number of terminal connections, Yang Haisong, vice president of Huawei's Consumer Business AI and Smart All-Scenario Business Department, once proposed a \"16% market share\". \"For underlying platforms like operating systems, software usage and market share are the core factors for their survival and success, while a 16% market share is a life-or-death threshold.\" In order to cross this 16% market share threshold, Huawei's goal for 2021 is to reach 300 million devices running HarmonyOS, of which 200 million are its own devices and 100 million are devices from ecosystem partners.</p><p>However, whether Huawei can achieve this goal remains to be seen. From April 2020 to April 2021, in terms of mobile operating system market share,<a href=\"https://laohu8.com/S/GOOGL\">Google A</a>Android accounted for 72.2%, Apple's iOS accounted for 26.99%, and other operating systems accounted for less than 1% of the market share.</p><p><b>3. Amidst all the chaos, HarmonyOS is right there.</b></p><p>HarmonyOS still has a long way to go, and it still needs our support.<b>But is this situation really a good thing for the future and fate of HarmonyOS?</b></p><p>In ancient Chinese, Hongmeng refers to the chaotic state before the birth of heaven and earth.</p><p>The nascent HarmonyOS, with just a little bit of patriotism, can enrich the user's taste experience and allow more people to join the \"starry sky\". From ancient times to the present, from laundry detergent to chips, people have done this, so what's wrong with that?</p><p>Unfortunately, once the topic of \"patriotism\" became associated with Huawei, things started to take a strange turn.</p><p>Huawei, currently at the forefront of the storm, can no longer be viewed purely from the perspective of business and corporate evolution. As a result, every move and action Huawei makes, once presented in writing, becomes distorted and distorted, turning into a...<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Their hysteria, self-abandonment, and self-indulgence seem to be born opposites, irreconcilable, battling for the \"pinnacle of the Forbidden City\" in this business world.</p><p>And what are the consequences of this phenomenon? People's arguments have strayed from the essence of HarmonyOS, falling into endless bickering and insults, turning friends into enemies, and gradually eating away at the vitality of Huawei and HarmonyOS until they are completely exhausted. So much so that even Ren Zhengfei couldn't stand it anymore. At the moment when Chinese consumers needed their support the most, he quickly jumped out and shouted: Loving Huawei is not the same as loving the country.</p><p><img src=\"https://static.tigerbbs.com/b482673f5f9e4eda0d0fe007f20c8787\" tg-width=\"700\" tg-height=\"1034\" referrerpolicy=\"no-referrer\"></p><p>Actually, just yesterday, I followed the trend of my friends and couldn't wait to upgrade my phone's operating system to HarmonyOS.</p><p>After the update, I excitedly opened my phone and found that it wasn't much different from Android. Even in the new feature guide, I didn't see much refreshing content.</p><p><b>However, it's important to understand that while the transition from a traditional operating system to the HarmonyOS appears to be merely a system upgrade, its underlying logic has actually changed.</b>This is a new logic for the era of the Internet of Everything, just like the ET7, the culmination of Nio' \"piling up materials\"—\"preparing for tomorrow,\" but ultimately it still needs four wheels and a round steering wheel.</p><p><img src=\"https://static.tigerbbs.com/4dc45032bd01e7fc29c13be27b050da0\" tg-width=\"800\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Being too reckless and increasing user conversion costs will actually be counterproductive. So I have reason to believe,<b>It will definitely exert its real power, but not now.</b></p><p>Whether it's \"HarmonyOS is awesome\" or \"HarmonyOS is no good,\" these are just people's current opinions.<b>A new operating system and the mobile phone ecosystem grow naturally, and both should have their own pace and bear their own risks.</b>In fact, Huawei is just such a company. Externally, it is being pursued and suppressed by the reactionary forces of \"US imperialism,\" and internally, many people are not optimistic about it for various reasons. It doesn't care about these things, but continues to review and explore, moving forward on the path it believes is right.</p><p><b>In this sense, HarmonyOS is just the beginning.</b></p><p><b>Until its enormous potential is verified, any behavior that draws conclusions based solely on \"labeling\" is tantamount to being a scoundrel.</b></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8023195e94148051fa20fa96e89e2faf","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109157353","content_text":"在此前市场热点转换频繁,领涨热点持续性普遍不强,场外资金持币观望的心态较重的情况下,鸿蒙概念受资金看好,成了过去几个交易日最火热的板块之一。\n鸿蒙OS 2.0发布后,“鸿蒙概念股”和国产软件股股价走出了一波连续几天的行情,昨天鸿蒙概念板收涨超12%,多股涨停。其中增长势头最猛的当属润和软件,在鸿蒙系统上线前就已经上涨超140%,但这几日的股价更是坐上了冲天火箭,一个月内吃了五个涨停暴涨近300%\n端午前最后一个交易日,润和软件再次涨停,其他概念股如思特奇、九联科技、先进数通、传智教育等等涨幅都超过10%,整个鸿蒙板块上涨1.88%。\n从6月7日到今天,5个交易日内,鸿蒙概念板块已累涨近二成。\n虽然多家金融机构跑步加入鸿蒙生态,但鸿蒙系统的表现仍有待时间验证,尤其是对华为及其概念股的利润贡献,而市场已连续几天暴力拉升鸿蒙概念。很显然,大家交易的更多是情绪而非基本面。\n为什么这么说?因为从目前舆情监测看来,鸿蒙OS的确让不少人热血沸腾。\n1、“鸿蒙即国运”\n这丝毫不让人意外。\n“稍有脑子的程序猿,都应该支持鸿蒙OS。”我的一个程序员朋友这样说。\n自从鸿蒙“上缴国家”,这个项目的性质就已经改变。作为中国在芯片和通讯技术领域的“出头鸟”,华为在尖端技术上冒头被某些西方势力敲打。在这之前,也许它的成败代表的是一家公司、甚至是一个街道办的命运;但“上缴国家”之后,鸿蒙系统的命运,即是国运。\n原因很简单。往小了说,如今东西方世界的这场大割裂,不是天灾而是人祸。趋于内卷的东方IT行业,将由此重新踏回一片蓝海——仅系统层面的不同,就能带来两三倍的程序员就业机会。中美在技术领域全方位竞争,花大价钱去争夺IT人才已不是什么新鲜事儿。多重利好叠加,程序员喜大普奔,方能留在本土贡献力量。\n而往大了说,关键部门、政府、国防、国企,如果没有自主底层互联网基础设施,形同裸奔。\n俄总统普京就在2019年签署《主权互联网法》,俄互联网基础设施将逐步摆脱对境外节点的依赖,尤其是在遭受外部攻击时可以切断与外界的连接,独立运作境内的区域互联网。\n就在不久前,白俄罗斯总理戈洛夫琴科说:“我们被迫放弃西方的商品和技术,我们准备改用亚洲的技术,根据初步统计,光是中国技术就可以替代9成的欧美技术。”他强调,白俄罗斯已经起草了一整套措施应对西方制裁。\n对于希望在全球价值链往上爬的国家来说,掌握了技术高地的西方,时刻高举着达摩克利斯之剑。这把剑什么时候砍下来?不知道;为什么砍下来?不需要理由。\n被美国当做最主要竞争对手的中国,自然更需要一个能够面向未来的自主互联网基础设施。因此在不少人看来,鸿蒙的出世,是中国修炼内功的重要时间节点。\n但另一些人则悍然选择站在鸿蒙的“对立面”上。\n“不就是换皮安卓吗,有什么了不起。”“厉害了我的国,你们又要‘高潮’了吧。”\n这几年,华为与“爱国”联系在了一起,引发了绵延不绝的骂战。自媒体撰写、转载了无数以“美国傻眼了”“特朗普慌了”等为题的文章,而正是这些文章,成为许多读者宣泄焦虑情绪的窗口。\n在强大的“帝国主义霸权”面前,确实有人在焦虑。有人说中美两国已经掉进了修昔底德陷阱,不无道理。这是个海盗横行的世界,现代价值链分工的“技术—市场”依附关系下,海盗用更加“文明”的办法来掠夺财富——用货币、科技和航母建立一套税收体系,得到全球价值链的最大蛋糕,辛苦耕作的农民分到的只有渣渣。\n华为在技术领域的出位,处在百年未有大变局,却也正好踏在了海盗的核心利益上,矛盾似乎不可调和,因而也正是“枪打出头鸟”这一古老寓言的又一例证。面对飞来的冷枪,华为选择了硬扛而非妥协,似乎戳中了焦虑之人的high点。\n也正是因为如此,华为被贴上了这个“爱国”的标签。\n事情也就是在这个时候开始变味的。\n“不买华为就是不爱国”“买水果就是卖国”这类言论层出不穷,而且“爱国”与“卖国”两个标签的适用范围可以无限延伸,最近的特斯拉“维权事件”中,就连特斯拉车主也被贴上了“卖国”的标签。\n在舆论场,极端的声音从来不会缺席。这是一个相互不可见且交流不完全同步的地方,表达显然缺乏抑制。而一对相互作用力必然同时产生。极少数极端言论很快产生了情绪上的反弹,最开始是针对以“标签”之名打压其他产品用户这一行为,后来变成了与品牌、与公司、与概念的针锋相对。\n其实将逻辑倒推一两层就能感受到这些极端言论的bug。但逻辑在社交媒体舆论场上力量往往单薄——人一旦缺少独立思考的能力,很多时候就会人云亦云,或者为了一己私利去人云亦云。天平两端都加上了砝码,有心之人轻轻一推,就能上演“指鹿为马”的闹剧。\n2、鸿蒙真正的目标\n如果撇开各种标签,单看鸿蒙的商业本质,其实它并没有这么复杂。\n从某个时间点开始,移动终端的创新与发展逐渐放慢了脚步,大多数新款手机,几乎在越来越趋向于同质化。苹果的创新能力仿佛失去了加速度,反而陷入了与竞争对手在供应链和利润率上的贴身缠斗;华为、小米、OV等品牌却迎头赶上,企图瓜分苹果的高利润市场。\n然而你已经很难看到某一个产品具有某一个震撼的卖点,甚至不用看发布会,都能猜到某某产品会有哪些新功能。反而是更大的屏幕、更长的续航、轻量化、价格区间、不提供耳机和充电器等配件……这些因素反倒成了战斗的主线。\n智能手机时代的矿山,是否快要枯竭了?\n于是在这种存量竞争当中,IoT作为新的智慧终端故事,被拉到台前,成为老牌手机厂商的新增长极。\n华为在开发鸿蒙OS的时候,很显然就是冲着这个方向来的。华为2020开发者大会上,余承东说:“没有人能熄灭满天星光。”这句话不仅指代华为当下的黑暗处境,也指代华为将通过无数开发者的努力走出黑暗,更可以引申为对于走出困境的战略思考——万物互联时代的万物,就像是星光——通过建造万物互联时代的基础设施,立足于价值链上游,是鸿蒙真正的目标。\n\n鸿蒙想要将所有有芯片的设备都连接在一起,而不是单单为了手机、平板或是电脑去服务。在这个体系中,不存在中心和非中心,任何设备都是平等的,有的只有强算力设备和弱算力设备,让这些设备通过鸿蒙这个系统串联起来,一起协同工作。\n因此终端、开发者数量,成了鸿蒙OS成功与否的关键。\n从终端连接数量来看,华为消费者业务AI与智慧全场景业务部副总裁杨海松曾提出一个“16%市占率”的说法。“对于操作系统这类底层平台而言,软件使用量、市场占有率是它能否活下来、能否成功的核心因素,而16%的市占率则是一个生死线。”为了迈过这16%市占率的生死线,华为2021年需要完成的目标是:搭载鸿蒙系统的设备数量需达到3亿,其中自有设备占2亿,生态合作伙伴的设备数量为1亿。\n但华为定下的这一目标能否实现,仍是未知数。2020年4月至2021年4月,移动端操作系统市场份额上,谷歌Android系统占比达72.2%,苹果iOS占比为26.99%,其他操作系统市场份额占比不足1%。\n3、纷纷扰扰,鸿蒙就在那里\n鸿蒙的路还很长,它依旧需要我们的支持。可是如此局面,对鸿蒙的前途命运,就真是一件好事吗?\n在古汉语中,鸿蒙指的是天地诞生之初混沌未开的状态。\n初生的鸿蒙,一点点爱国主义情怀的调剂,就能丰富用户的味觉体验,让更多人加入“满天星光”,从古到今、从洗衣粉到芯片,都有人这么干,又何错之有?\n但不幸的是,一旦“爱国”的话题与华为沾上边,事情就开始往奇怪的方向发展了。\n处在风口浪尖的华为,如今已很难从纯粹商业与企业演进的逻辑去看待,以致于华为的每一个招式、每一个动作,一旦被文字展示出来,就会畸形、扭曲,演绎成一场全民的歇斯底里,自暴自弃与自大自嗨,仿佛生而对立水火不容,决战于这个商业世界的“紫禁之巅”。\n而这种现象的后果是什么?人们的争吵已经脱离鸿蒙的本质,陷入无休止的扯皮和谩骂,把朋友变成敌人,将华为以及鸿蒙的活力一点一点吃掉,直至消耗干净。以至于连任正非也看不下去了,在最需要中国消费者支持的节点上,赶紧跳出来大喊:爱华为,不等于爱国。\n\n其实就在昨天,我也随身边朋友的“大流”,迫不及待将手机系统升级成了鸿蒙OS。\n更新完毕兴冲冲打开手机,发现和安卓没有太大差别,即使在新功能指引当中,也并没有看到太多令人耳目一新的内容。\n但要知道,从传统操作系统到鸿蒙OS,表面上仅仅是一个系统的升级,实则其底层逻辑已经发生了变化。这是一个面向万物互联时代的新逻辑,就像蔚来“堆料”的集大成之作ET7——“为明天做好准备”,但终归还是要有四个轮子和圆形的方向盘。\n\n太过于冒进,增加用户的转换成本反而得不偿失。所以我有理由相信,它一定会发挥真正的威力,但不是现在。\n“鸿蒙牛X”也好,“鸿蒙不行”也罢,不过是人们现阶段的观点。一个新的操作系统与手机生态自然生长,都应有自己的节奏,都要承担自己的风险。事实上华为也正是这样一家企业,对外面对“美帝国主义”反动势力的围追堵截,对内也有不少人会因为各种各样的原因不看好它。它不在乎这些,而是继续复审摸索,在自己认为正确的道路上前行。\n从这个意义上看,鸿蒙只是一个开始。\n在其巨大想象空间得到验证之前,任何仅凭“贴标签”就盖棺定论的行为,都无异于耍流氓。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150773864,"gmtCreate":1624929468758,"gmtModify":1703848127385,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":1,"link":"https://ttm.financial/post/150773864","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","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":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"sh","language":"zh","title":"Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息,本周二奈雪的茶发布公告,公司发行2.57亿股股份,每股定价19.8港元,每手500股,预期将于6月30日上市。分配结果:\n甲组每手500股,一手中签率8%,认购40手稳中一手。\n乙组头","content":"<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</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>Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.</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\">\nNayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.\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\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息,本周二奈雪的茶发布公告,公司发行2.57亿股股份,每股定价19.8港元,每手500股,预期将于6月30日上市。分配结果:\n甲组每手500股,一手中签率8%,认购40手稳中一手。\n乙组头为30万股(600手),获配3000股(6手)。公开发售阶段奈雪的茶获432.03倍认购,分配至公开发售的发售股份最终数目为1.29亿股,占发售股份总数的50%(任何超额配股权获行使前)。合共接获642033份有效申请。\n此外,国际发售获大幅超额认购,发售股份最终数目为1.29亿股(不包括超额分配股份),相当于发售股份总数的50%。\n筹资用途方面,公司拟将收取的全球发售所得款项净额估计约48.4亿港元(假设超额配股权并无获行使)用于以下用途:约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率;约10.0%将在未来三年用于通过强化技术能力,进一步提升整体运营,以提升运营效率;约10.0%将在未来三年用于提升供应链能力,以支持公司的规模扩张;约10.0%将用作营运资金及作一般企业用途。\n据悉,公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店,专注于提供现制茶饮。根据灼识谘询的资料,按2020年零售消费总值计,奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌,市场份额为18.9%。按2020年零售消费总值计,奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌,市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验,公司推出奈雪的茶会员体系及奈雪的茶应用程序,并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年,奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间,并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元,并进一步增至2020年的人民币28.71亿元。\n此外,就2018年及2019年的同店而言,奈雪的茶同店利润率于2018年及2019年维持稳定,分别为24.9%及25.3%。由于COVID-19爆发的影响,就2019年及2020年的同店而言,奈雪的茶同店利润率于2020年为13.5%,而2019年为21.0%。\n于整个往绩记录期间,公司的盈利能力不断提升,总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币,2018~2020年的复合年增长率达67.7%;经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元,并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月,公司录得收入21.15亿元,经调整净利润448.4万元。在疫情影响下,国内食品行业受到较大冲击,公司经调整净利润承压收窄,但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":6144,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Sohai one day up one day down","text":"Sohai one day up one day down","html":"Sohai one day up one day down"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350448325,"gmtCreate":1616278139767,"gmtModify":1704792545644,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/350448325","repostId":"2120223114","repostType":4,"repost":{"id":"2120223114","kind":"news","pubTimestamp":1616178159,"share":"https://ttm.financial/m/news/2120223114?lang=en_US&edition=fundamental","pubTime":"2021-03-20 02:22","market":"us","language":"zh","title":"Zhihu's IPO price ranged from $9.5 to $11.5, with a maximum fundraising amount exceeding $1 billion.","url":"https://stock-news.laohu8.com/highlight/detail?id=2120223114","media":"新浪科技","summary":"知乎此次公开发行将同步进行私募配售,最高融资额超过10亿美金。知乎将以每股ADS9.5至11.5美元的价格,公开发行5500万股ADS,每股ADS对应0.5股A类普通股。截至2020年12月31日,知乎累计拥有4310万内容创作者,已贡献3.53亿条内容,其中包括3.15亿个问答。知乎于3月5日首次向美国证券交易委员会提交了IPO申请,计划登陆纽约证券交易所,证券代码为“ZH”,由瑞信、高盛、摩根大通担任主承销商。","content":"<p><img src=\"https://static.tigerbbs.com/d5d054f3ce622439a28ec91bb74049bb\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>IPO subscription portal:</b><a href=\"https://www.tigersecurities.com/login?next=https%3A%2F%2Fwww.itiger.com%2Fmi%2Fipo%3Ff%3Dshare%26share%3DWechat\" target=\"_blank\"><b>Zhihu IPO Subscription</b></a><b></b></p><p>On March 19th, Eastern Time, China's largest online Q&A community...<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>The company has updated its F-1 prospectus with the U.S. Securities and Exchange Commission (SEC) and plans to list on the New York Stock Exchange under the ticker symbol \"ZH\".</p><p>Zhihu's public offering will be accompanied by a private placement (CPP), with a maximum financing amount exceeding US$1 billion.</p><p>Zhihu will publicly issue 55 million ADSs (before exercising the over-allotment option) at a price of $9.50 to $11.50 per ADS (American Depositary Securities), with each ADS corresponding to 0.5 Class A ordinary shares. Credit Suisse<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>、<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>It serves as the lead underwriter for this IPO and has the option to over-allot 8.25 million ADSs.</p><p>Zhihu's updated prospectus shows that<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/00700\">Tencent</a>Lilith Games participated in this private placement, subscribing for a total of $250 million worth of shares. The introduction of top technology companies undoubtedly reflects the market's firm confidence in the strategic value and future development of Zhihu's content, as well as its recognition of Zhihu's long-term investment value.</p><p>As China's largest question-and-answer online community and one of the top five comprehensive online content communities in China, Zhihu stands out in the Chinese internet content arena and is considered one of the most distinctive and scarce targets.</p><p>High-quality content has enabled Zhihu to rapidly expand its user base at low cost while maintaining high user engagement and loyalty. According to Zhihu's prospectus, Zhihu's average monthly active users reached 75.7 million in the fourth quarter of 2020, a year-on-year increase of 33%. As of December 31, 2020, Zhihu had a total of 43.1 million content creators, contributing 353 million pieces of content, including 315 million questions and answers.</p><p><img src=\"https://static.tigerbbs.com/362ba7d1a024b4d636014b7792ba8eaf\" tg-width=\"630\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>In 2020, Zhihu's total revenue was 1.352 billion yuan, a year-on-year increase of 101.7% compared to 671 million yuan in 2019, achieving four consecutive quarters of revenue growth and demonstrating huge growth prospects across multiple monetization channels. Zhihu's main monetization channels are currently online advertising, paid memberships, business content solutions, and other services (online education, e-commerce). Zhihu also demonstrates strong external influence in the content track and offers broad potential for monetization channels.</p><p><img src=\"https://static.tigerbbs.com/933170496a431c38a928ab1b4ffecddb\" tg-width=\"630\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>On March 5, Zhihu filed its first IPO application with the U.S. Securities and Exchange Commission, planning to list on the New York Stock Exchange under the ticker symbol \"ZH\". Credit Suisse, Goldman Sachs, and JPMorgan Chase served as lead underwriters. The updated prospectus discloses that Zhihu plans to use the proceeds from this offering for product and service development, marketing and user growth, research and development of technologies, and general corporate purposes, including potential strategic investments and acquisitions.</p><p>Founded in 2010, Zhihu brings together highly creative people in the fields of Chinese internet technology, business, film and television, fashion, and culture. According to a CIC survey, Zhihu is China's largest question-and-answer online community and one of the top five comprehensive online content communities in China in terms of average mobile monthly active users and revenue in 2020.</p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu's IPO price ranged from $9.5 to $11.5, with a maximum fundraising amount exceeding $1 billion.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu's IPO price ranged from $9.5 to $11.5, with a maximum fundraising amount exceeding $1 billion.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-03-20 02:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/d5d054f3ce622439a28ec91bb74049bb\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>IPO subscription portal:</b><a href=\"https://www.tigersecurities.com/login?next=https%3A%2F%2Fwww.itiger.com%2Fmi%2Fipo%3Ff%3Dshare%26share%3DWechat\" target=\"_blank\"><b>Zhihu IPO Subscription</b></a><b></b></p><p>On March 19th, Eastern Time, China's largest online Q&A community...<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>The company has updated its F-1 prospectus with the U.S. Securities and Exchange Commission (SEC) and plans to list on the New York Stock Exchange under the ticker symbol \"ZH\".</p><p>Zhihu's public offering will be accompanied by a private placement (CPP), with a maximum financing amount exceeding US$1 billion.</p><p>Zhihu will publicly issue 55 million ADSs (before exercising the over-allotment option) at a price of $9.50 to $11.50 per ADS (American Depositary Securities), with each ADS corresponding to 0.5 Class A ordinary shares. Credit Suisse<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>、<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>It serves as the lead underwriter for this IPO and has the option to over-allot 8.25 million ADSs.</p><p>Zhihu's updated prospectus shows that<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/00700\">Tencent</a>Lilith Games participated in this private placement, subscribing for a total of $250 million worth of shares. The introduction of top technology companies undoubtedly reflects the market's firm confidence in the strategic value and future development of Zhihu's content, as well as its recognition of Zhihu's long-term investment value.</p><p>As China's largest question-and-answer online community and one of the top five comprehensive online content communities in China, Zhihu stands out in the Chinese internet content arena and is considered one of the most distinctive and scarce targets.</p><p>High-quality content has enabled Zhihu to rapidly expand its user base at low cost while maintaining high user engagement and loyalty. According to Zhihu's prospectus, Zhihu's average monthly active users reached 75.7 million in the fourth quarter of 2020, a year-on-year increase of 33%. As of December 31, 2020, Zhihu had a total of 43.1 million content creators, contributing 353 million pieces of content, including 315 million questions and answers.</p><p><img src=\"https://static.tigerbbs.com/362ba7d1a024b4d636014b7792ba8eaf\" tg-width=\"630\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>In 2020, Zhihu's total revenue was 1.352 billion yuan, a year-on-year increase of 101.7% compared to 671 million yuan in 2019, achieving four consecutive quarters of revenue growth and demonstrating huge growth prospects across multiple monetization channels. Zhihu's main monetization channels are currently online advertising, paid memberships, business content solutions, and other services (online education, e-commerce). Zhihu also demonstrates strong external influence in the content track and offers broad potential for monetization channels.</p><p><img src=\"https://static.tigerbbs.com/933170496a431c38a928ab1b4ffecddb\" tg-width=\"630\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>On March 5, Zhihu filed its first IPO application with the U.S. Securities and Exchange Commission, planning to list on the New York Stock Exchange under the ticker symbol \"ZH\". Credit Suisse, Goldman Sachs, and JPMorgan Chase served as lead underwriters. The updated prospectus discloses that Zhihu plans to use the proceeds from this offering for product and service development, marketing and user growth, research and development of technologies, and general corporate purposes, including potential strategic investments and acquisitions.</p><p>Founded in 2010, Zhihu brings together highly creative people in the fields of Chinese internet technology, business, film and television, fashion, and culture. According to a CIC survey, Zhihu is China's largest question-and-answer online community and one of the top five comprehensive online content communities in China in terms of average mobile monthly active users and revenue in 2020.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-03-20/doc-ikkntiam5672814.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d5d054f3ce622439a28ec91bb74049bb","relate_stocks":{"ZH":"知乎"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-03-20/doc-ikkntiam5672814.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120223114","content_text":"打新入口:知乎新股申购美东时间3月19日,中国最大的问答式在线社区知乎向美国证券交易委员会(SEC)更新F-1招股文件,计划以“ZH”为代码在纽约证券交易所挂牌上市。知乎此次公开发行将同步进行私募配售(CPP),最高融资额超过10亿美金。知乎将以每股ADS(美国存托证券)9.5至11.5美元的价格,公开发行5500万股ADS(行使超额配股权前),每股ADS对应0.5股A类普通股。瑞信、高盛、摩根大通担任此次上市主承销商,并享有825万股ADS的超额配售权。知乎更新的招股书显示,阿里巴巴、京东、腾讯、Lilith Games一并参与此次私募配售,合计认购2.5亿美元等值股份。顶级科技公司的引入,无疑体现了市场对知乎内容战略价值和未来发展的坚定信心,以及对知乎长期投资价值的认同。作为中国最大的问答式在线社区,以及中国前五大综合在线内容社区之一,知乎在中文互联网内容赛道上独树一帜,被认为是最具有特点和稀缺性的标的。高质量内容使得知乎以低成本迅速扩展用户群体,同时保持较高的用户参与度和忠诚度。知乎招股书显示,2020年第四季度知乎平均月活用户数达7570万,同比增长33%。截至2020年12月31日,知乎累计拥有4310万内容创作者,已贡献3.53亿条内容,其中包括3.15亿个问答。2020年知乎总营收为13.52亿,相比2019年营收6.71亿,同比增长101.7%,实现连续四个季度的营收增长,并在多个变现渠道上体现了巨大的增长前景。知乎目前主要变现途径为线上广告、付费会员、商业内容解决方案以及其他服务(在线教育、电商),知乎在内容赛道上还体现了极强的外张力,更提供广阔的变现渠道想象空间。知乎于3月5日首次向美国证券交易委员会提交了IPO申请,计划登陆纽约证券交易所,证券代码为“ZH”,由瑞信、高盛、摩根大通担任主承销商。更新后的招股书披露,知乎计划将此次募集所得款项用于产品和服务的开发、营销和用户的增长、研究与开发技术,以及一般公司用途,包括潜在的战略投资和收购。知乎成立于2010年,聚集了中文互联网科技、商业、影视、时尚、文化等领域极具创造力的人群。根据CIC的调查,就2020年平均移动月活用户和收入而言,知乎是中国最大的问答式在线社区,也是中国前五大综合在线内容社区之一。","news_type":1,"symbols_score_info":{"ZH":0.9}},"isVote":1,"tweetType":1,"viewCount":1068,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Reply bro","text":"Reply bro","html":"Reply bro"},{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Reply bro","text":"Reply bro","html":"Reply bro"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198344629,"gmtCreate":1620940434961,"gmtModify":1704350708610,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/198344629","repostId":"1162795644","repostType":4,"repost":{"id":"1162795644","kind":"news","pubTimestamp":1620919056,"share":"https://ttm.financial/m/news/1162795644?lang=en_US&edition=fundamental","pubTime":"2021-05-13 23:17","market":"us","language":"zh","title":"The Federal Reserve is no longer a \"control freak,\" and active investment strategies are becoming more profitable.","url":"https://stock-news.laohu8.com/highlight/detail?id=1162795644","media":"金十数据","summary":"当美联储的政策开始变得被动时,投资者只能采取更主动的投资态度。","content":"<p>Author: Lin Mochou</p><p>Over the past decade, simple investment methods have actually yielded returns. Passively managed assets grew fivefold, generating substantial returns, while most actively managed assets suffered losses. In the United States, less than 20% of actively managed funds outperform passive index funds.</p><p>However, passive investment methods will soon become obsolete, and central banks are encouraging investors to adopt more active investment behavior. The European Central Bank is under scrutiny, while the Federal Reserve is beginning to formulate policy by analyzing real data rather than predicting it.<b><u>When the Federal Reserve's policies begin to become passive, investors can only adopt a more proactive investment attitude.</u></b></p><p>For the past decade, the central bank has determined market investment trends: monetary policy determines asset returns, and investors have become accustomed to making investment decisions based on central bank policies. Since the central bank will do everything it can to protect the stock market, and it does it very well, why bother doing market analysis? This is why investing directly in indices has yielded considerable returns.</p><p>However, since the beginning of this year, the dovish policies of the Federal Reserve, the European Central Bank, and other central banks have been heavily questioned, leading to interest rate volatility. This makes passive investing less simple than it used to be.</p><p>There is a very obvious question in the market: Why is the Federal Reserve still buying $1.2 billion in bonds every month?</p><p>This plan was intended to address the COVID-19 pandemic at the time, but we have now seen its significant results. The U.S. unemployment rate has fallen from 15% to 6%, which is only 2% higher than the pre-pandemic unemployment rate. Global manufacturing output has reached its highest level in a decade, and household savings levels are double or even triple what they were before the pandemic.</p><p>At the beginning of this year, inflation expectations and high interest rates led investors to sell bonds. Despite Federal Reserve Chairman Jerome Powell's insistence on avoiding rate hike, arguing that current inflation levels are \"still a long way from\" the target, this still caused the yield on the 10-year U.S. Treasury Bond to surge from 1% to 1.5% in just six weeks.</p><p>Of course, the Federal Reserve is also reluctant to shift too quickly to a hawkish stance. In 2013, market panic spread after the Federal Reserve tightened its policies, to the point that the Fed eventually loosened liquidity. Furthermore, there is still no conclusion as to how the service sector will recover. The economic recession brought about by the COVID-19 pandemic is different from previous ones; its negative impact on the service industry (such as the catering and film industries) will last longer.</p><p>However, the market is not satisfied with the above reasons. Despite Powell's claim that rate hike will have to wait until at least 2024, the economic recovery is now faster than expected, and traders expect the Federal Reserve to begin rate hike in 2022. These market expectations are reflected in the pricing of Eurodollar and federal funds futures, which track expected short-term interest rates. In contrast, the banking sector (the ultimate beneficiary of rising interest rates) has risen very strongly, outperforming the S&P 500 by 20% this year.</p><p>Investors seem to be \"going against\" the central bank, which weakens the central bank's control over the stock market and thus reduces the effectiveness of passive investing. A \"Fed Put\" is a belief that the Federal Reserve is already prepared to intervene to rescue the market during a sharp market decline, and it will only be effective when the Federal Reserve can control the stock market.</p><p>The market's reaction to Treasury Secretary Yellen's remarks took an interesting turn. Yellen claimed that interest rates must be raised to ensure that the economy does not overheat. These remarks frightened the market. U.S. tech stocks are sensitive to interest rates, and expectations of rising interest rates triggered a large sell-off in tech stocks. This further confirms investors' inference that interest rates will rise sooner than the Federal Reserve has communicated.</p><p><b>If interest rates are destined to rise, then passively tracking stock indexes loses its appeal.</b></p><p><b><u>This means that future investment approaches need to be more proactive, meaning they need to study the investment potential of individual stocks rather than directly tracking the index. This requires investors to have a deep understanding of the company's financial situation.</u></b></p><p>Active investing links the company's business model to its stock price. In the long run, a company's stock price will depend on the compound annual growth rate of its operating profits. When a company's earnings exceed stock price growth, active investors are likely to profit, as this typically leads to continuous earnings growth and stronger returns. Regardless of the value of future cash flows, investors must weigh rising interest costs against the company's potential earnings growth.</p><p>Investors who have followed central bank policy over the past decade have reaped greater rewards. This kind of passive investing, though simple, is effective, while active investing \"gives up an entire forest for a single tree.\" However, the current shift in the roles of central banks and investors will change this situation.</p>","source":"jssj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Federal Reserve is no longer a \"control freak,\" and active investment strategies are becoming more profitable.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Federal Reserve is no longer a \"control freak,\" and active investment strategies are becoming more profitable.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-05-13 23:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Lin Mochou</p><p>Over the past decade, simple investment methods have actually yielded returns. Passively managed assets grew fivefold, generating substantial returns, while most actively managed assets suffered losses. In the United States, less than 20% of actively managed funds outperform passive index funds.</p><p>However, passive investment methods will soon become obsolete, and central banks are encouraging investors to adopt more active investment behavior. The European Central Bank is under scrutiny, while the Federal Reserve is beginning to formulate policy by analyzing real data rather than predicting it.<b><u>When the Federal Reserve's policies begin to become passive, investors can only adopt a more proactive investment attitude.</u></b></p><p>For the past decade, the central bank has determined market investment trends: monetary policy determines asset returns, and investors have become accustomed to making investment decisions based on central bank policies. Since the central bank will do everything it can to protect the stock market, and it does it very well, why bother doing market analysis? This is why investing directly in indices has yielded considerable returns.</p><p>However, since the beginning of this year, the dovish policies of the Federal Reserve, the European Central Bank, and other central banks have been heavily questioned, leading to interest rate volatility. This makes passive investing less simple than it used to be.</p><p>There is a very obvious question in the market: Why is the Federal Reserve still buying $1.2 billion in bonds every month?</p><p>This plan was intended to address the COVID-19 pandemic at the time, but we have now seen its significant results. The U.S. unemployment rate has fallen from 15% to 6%, which is only 2% higher than the pre-pandemic unemployment rate. Global manufacturing output has reached its highest level in a decade, and household savings levels are double or even triple what they were before the pandemic.</p><p>At the beginning of this year, inflation expectations and high interest rates led investors to sell bonds. Despite Federal Reserve Chairman Jerome Powell's insistence on avoiding rate hike, arguing that current inflation levels are \"still a long way from\" the target, this still caused the yield on the 10-year U.S. Treasury Bond to surge from 1% to 1.5% in just six weeks.</p><p>Of course, the Federal Reserve is also reluctant to shift too quickly to a hawkish stance. In 2013, market panic spread after the Federal Reserve tightened its policies, to the point that the Fed eventually loosened liquidity. Furthermore, there is still no conclusion as to how the service sector will recover. The economic recession brought about by the COVID-19 pandemic is different from previous ones; its negative impact on the service industry (such as the catering and film industries) will last longer.</p><p>However, the market is not satisfied with the above reasons. Despite Powell's claim that rate hike will have to wait until at least 2024, the economic recovery is now faster than expected, and traders expect the Federal Reserve to begin rate hike in 2022. These market expectations are reflected in the pricing of Eurodollar and federal funds futures, which track expected short-term interest rates. In contrast, the banking sector (the ultimate beneficiary of rising interest rates) has risen very strongly, outperforming the S&P 500 by 20% this year.</p><p>Investors seem to be \"going against\" the central bank, which weakens the central bank's control over the stock market and thus reduces the effectiveness of passive investing. A \"Fed Put\" is a belief that the Federal Reserve is already prepared to intervene to rescue the market during a sharp market decline, and it will only be effective when the Federal Reserve can control the stock market.</p><p>The market's reaction to Treasury Secretary Yellen's remarks took an interesting turn. Yellen claimed that interest rates must be raised to ensure that the economy does not overheat. These remarks frightened the market. U.S. tech stocks are sensitive to interest rates, and expectations of rising interest rates triggered a large sell-off in tech stocks. This further confirms investors' inference that interest rates will rise sooner than the Federal Reserve has communicated.</p><p><b>If interest rates are destined to rise, then passively tracking stock indexes loses its appeal.</b></p><p><b><u>This means that future investment approaches need to be more proactive, meaning they need to study the investment potential of individual stocks rather than directly tracking the index. This requires investors to have a deep understanding of the company's financial situation.</u></b></p><p>Active investing links the company's business model to its stock price. In the long run, a company's stock price will depend on the compound annual growth rate of its operating profits. When a company's earnings exceed stock price growth, active investors are likely to profit, as this typically leads to continuous earnings growth and stronger returns. Regardless of the value of future cash flows, investors must weigh rising interest costs against the company's potential earnings growth.</p><p>Investors who have followed central bank policy over the past decade have reaped greater rewards. This kind of passive investing, though simple, is effective, while active investing \"gives up an entire forest for a single tree.\" However, the current shift in the roles of central banks and investors will change this situation.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://xnews.jin10.com/details/74478\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/32f76f2b955be371110b877bebef37ba","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://xnews.jin10.com/details/74478","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162795644","content_text":"作者:林莫愁\n在过去十年中,简单的投资方式反而能够获得收益。被动管理之下的资产增长了五倍,收益可观,而大部分主动管理的资产则遭受亏损。在美国,只有不到20%的主动管理型基金收益超过了被动指数型基金。\n但被动投资方法很快就要过时了,央行正鼓励投资者采取更加积极的投资行为。欧洲央行正在接受审查,而美联储开始通过分析真实数据而不是通过预测数据来制定政策。当美联储的政策开始变得被动时,投资者只能采取更主动的投资态度。\n过去十年一直是央行决定市场投资动向:货币政策决定了资产回报率,投资者习惯了根据央行政策来做出投资决策。既然央行会竭尽所能去保护股市,而且它也做得很好,那为什么还要费尽心思地去做市场分析呢?正因如此,直接跟踪指数进行投资产生了可观的收益。\n然而,自今年年初以来,美联储鸽派、欧洲央行以及其他央行的政策一直备受质疑,并带来了利率波动。这使得被动投资的方式没有之前那么简单了。\n市场存在着一个非常显而易见的问题:为什么美联储每个月还在购买12亿美元的债券?\n这个计划是为了应对当时的新冠疫情,但是我们现在已经看到了它的显著成果。美国失业率已经从15%降至6%,这仅仅比疫情前的失业率高出2%。全球制造业产量达到了十年来的最高水平,家庭储蓄水平也是疫情前的两倍甚至三倍。\n今年年初,通胀预期和高利率让投资者纷纷抛售债券。尽管美联储主席鲍威尔坚持不加息,认为目前的通胀水平离目标“还有很大距离”,但这还是导致美国10年期国债收益率在短短六周的时间内从1%飙升至1.5%。\n当然,美联储也不愿意过快转变成鹰派态度。2013年时,市场的恐慌情绪在美联储实行收紧政策后蔓延,以至于最后美联储反而放开了流动性。此外,关于服务业将会如何复苏仍未有定论。新冠疫情带来的经济衰退与往前不同,它对于服务业(如餐饮业、电影业等)的负面影响会持续更久。\n然而,市场却不满足于上述理由。尽管鲍威尔声称加息至少要等到2024年,但现在经济复苏快于预期,交易员们预期在2022年美联储就会开始加息。这种市场预期均反应在了欧洲美元以及联邦基金期货的定价上,它们追踪的都是预期短期利率。与此相对应,银行板块(利率上升的最终受益者)的涨势非常强劲,今年已经比标普500指数高出了20%。\n投资者似乎要与央行“对着干”,这削弱了央行对于股市的控制,从而减少了被动投资的有效性。“美联储看跌期权(Fed Put)”,即相信美联储早已做好准备,在市场剧烈下跌时出手救市的实施也要在美联储能够控制股市时才有效。\n市场对财政部长耶伦言论的反应发生了一个有趣的转折。耶伦声称为了保证经济不会过热,利率必须提高一些。这番言论吓坏了市场,美国的科技股对利率很敏感,利率提高的预期引发了科技股的大量抛售。这进一步印证了投资者的推断:利率上升会比美联储传达的来得更早。\n如果利率注定要提高,那么被动跟踪股指的投资便失去了它的吸引力。\n这意味着未来的投资方式需要更主动,即需要研究单只股票的投资潜力,而不是直接跟踪指数。这需要投资者对公司的财务情况有深刻认识。\n主动投资把公司的商业模式和股价联系了起来。长期来看,一家公司的股价将会取决于它营业利润的年复合增长率。当公司盈利高于股价增长时,主动投资者便有可能获利,因为这通常会导致盈利的连续增长和更强劲的回报率。先不论未来现金流的价值,投资者必须在上升的利率成本与公司潜在的盈利增长之间进行权衡。\n过去十年随央行政策而动的投资者得到了更丰厚的回报。这种被动投资虽然简单却有效,而主动投资却“为了一棵树放弃了整片森林”。然而,如今央行与投资者角色的转换将改变这种情况。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1381,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"But when is the dip? Deeper and Deeper [Cry]","text":"But when is the dip? Deeper and Deeper [Cry]","html":"But when is the dip? Deeper and Deeper [Cry]"},{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"Buy the dip bro","text":"Buy the dip bro","html":"Buy the dip bro"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349860196,"gmtCreate":1617588825615,"gmtModify":1704700606103,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/349860196","repostId":"2124275783","repostType":4,"isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124121799,"gmtCreate":1624754683111,"gmtModify":1703844391717,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://community-static.tradeup.com/news/9a43583a9ba17a34199f12c82c5a3526","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571363097076123","authorIdStr":"3571363097076123"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/124121799","repostId":"1181161116","repostType":4,"repost":{"id":"1181161116","kind":"news","pubTimestamp":1624754107,"share":"https://ttm.financial/m/news/1181161116?lang=en_US&edition=fundamental","pubTime":"2021-06-27 08:35","market":"fut","language":"zh","title":"International oil prices are soaring as the market awaits next week's OPEC+ meeting.","url":"https://stock-news.laohu8.com/highlight/detail?id=1181161116","media":"期货日报","summary":"本周,受国际油价持续上涨影响,能化系期货品种大幅走强,但板块间各品种走势却出现分化。其中,LPG和沥青期货走势偏强。\n“与原油相比,今年沥青一直处于偏弱状态,主要是自身基本面出了较大的问题。”招金期货","content":"<p><div>This week, influenced by the continued rise in international oil prices, energy and chemical futures contracts strengthened significantly, but the performance of various contracts within the sector diverged. Among them, LPG and asphalt futures performed strongly. \"Compared with crude oil, asphalt has been in a weak state this year, mainly due to major fundamental problems,\" Yu Pengsen, an analyst at Zhaojin Futures, told Futures Daily. He added that the asphalt industry's operating rate has not exceeded last year's, and is even lower than the same period in previous years. Demand has not yet started, and inventory is approaching a historical high in nearly eight years. According to Yu Pengsen, it is still the rainy season, actual demand for asphalt is weak, and inventory is also in the fourth quarter...</p><p><a href=\"https://www.cls.cn/detail/777596\">Web page link</a></div></p>","source":"qihuoribao","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>International oil prices are soaring as the market awaits next week's OPEC+ meeting.</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\">\nInternational oil prices are soaring as the market awaits next week's OPEC+ meeting.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">期货日报</strong><span class=\"h-time small\">2021-06-27 08:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>This week, influenced by the continued rise in international oil prices, energy and chemical futures contracts strengthened significantly, but the performance of various contracts within the sector diverged. Among them, LPG and asphalt futures performed strongly. \"Compared with crude oil, asphalt has been in a weak state this year, mainly due to major fundamental problems,\" Yu Pengsen, an analyst at Zhaojin Futures, told Futures Daily. He added that the asphalt industry's operating rate has not exceeded last year's, and is even lower than the same period in previous years. Demand has not yet started, and inventory is approaching a historical high in nearly eight years. According to Yu Pengsen, it is still the rainy season, actual demand for asphalt is weak, and inventory is also in the fourth quarter...</p><p><a href=\"https://www.cls.cn/detail/777596\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.cls.cn/detail/777596\">期货日报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ef375710aa7a4298de56c8827d8139df","relate_stocks":{"UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)"},"source_url":"https://www.cls.cn/detail/777596","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181161116","content_text":"本周,受国际油价持续上涨影响,能化系期货品种大幅走强,但板块间各品种走势却出现分化。其中,LPG和沥青期货走势偏强。\n“与原油相比,今年沥青一直处于偏弱状态,主要是自身基本面出了较大的问题。”招金期货分析师于竼森告诉期货日报记者,沥青行业的开工率并没有超越去年,甚至比往年同期还要偏低,需求一直未能启动,且库存逼近近8年来的历史高位。\n在于竼森看来,当前仍处于雨季,沥青的实际需求偏弱,库存也在4季度前很难出现下滑,因此沥青期货本周的强势上涨,更多是受油价上涨的影响,成本提高推动沥青价格上涨。\n此外,消息面的利好来自于市场关于国家针对地炼企业原油配额缩减问题的解读。部分机构认为,国家今年1—2批次进口原油配额相对去年有了明显的缩量,叠加前期针对稀释沥青的加税问题,会造成地炼企业原材料价格上涨及原材料紧缺,从而导致后期的沥青产量会有所下滑。那么在旺季来临之后,沥青可能会面临比较快速的去库存,而不是前期预期的全年都处于高库存之下。\n尽管沥青本周表现极为强势,远强于其他油品。但有业内人士认为沥青盘面明显超涨,后期走势可能相对于其他油品更弱。\n过去一周,随着市场逐步认识到“稀释沥青”可能长期短缺的问题,对于远期沥青炼厂供应产生担忧,市场看多情绪加重。但在国泰君安期货分析师黄柳楠看来,短期交易视角不应过分聚焦远期市场。“当前山东地区现货对于沥青期货主力合约2109合约的贴水已经超过300元/吨,无风险套利窗口大幅敞开,且沥青与高、低硫燃料油的价差也逼近今年以来的高位,估值已经偏高。”\n“从供需面看,当前绝对库存依旧处于历史最高位,未来2个月不太可能出现缺货的情况,因此沥青利润修复的驱动并不强。”黄柳楠表示,由于今年国内信用扩张停滞,基建工程减少,未来2个月需求端可能不会有逆季节性的扩张,近两日盘面超涨的溢价可能在未来逐步回吐。“考虑到油价下半年重心上移的确定性,沥青价格未来挑战4000元/吨的可能性依旧较大,只是短期背离油价的强势难以持续。”\n值得注意的是,本周LPG期货价格连创新高。东证期货衍生品研究院大宗商品研究主管金晓告诉期货日报记者,一方面,受益于油价持续上涨,相应抬升了LPG期价中枢。另一方面,海外LPG掉期价格在沙特传出出口收紧的消息刺激下一路狂奔。“即将出台的7月沙特CP丙烷价格预计会超过620美元/吨,较上月大涨近100美元/吨,未来进口成本增加的预期是近期国内期价上行的重要驱动。”\nLPG消费本身有一定的季节性,随着主力合约从淡季逐渐转入旺季,市场对旺季抱有期待,乐观情绪在市场中占主导。\n在金晓看来,LPG基本面预期较好。从最新的气象预测来看今年秋冬大概率是中性状态,在12月前后有略超50%的概率转为拉尼娜,未来随着天气转冷燃料消费将有正常的季节性回升。在化工原料需求上,今年全年国内预计有4套PDH新装置投产,此外还有一些可灵活切换原料的乙烯裂解新装置未来可以消化前端炼能扩张带来的LPG国产气增量。“总体上,国内需求增速快于供给增速。这部分需求缺口会对应到国内的进口气增量,是全球需求增量的重要组成部分,亚洲地区LPG价格受到支撑,对国内也意味着进口成本相比去年同期易涨难跌。”\n不过,目前LPG基本面国内外分化的格局短期内仍将持续。据国投安信期货分析师李祖智介绍,国内市场受广州疫情和国产气外放压力增长的影响,价格已显疲态,终端销售压力不断放大。但国际市场方面,美国库存维持低位,而中东短期内增产预期仍不明朗,年内主要潜在供给增量的伊朗也因谈判节奏放缓而有所推迟,国际市场紧平衡格局下的推高动力仍然存在。“在市场格局暂无拐点迹象,同时原油强势的背景下,盘面仍有一定上涨空间。”\n“LPG期价从半年度的时间维度上我们觉得上方仍有空间但过程可能会波折。”金晓认为,由于这一轮海外价格是偏事件驱动的推涨,目前LPG期价位置相对高位,短期要防范沙特消息反转供给边际宽松的回调风险。未来供需基本面环比改善预期可能是直到旺季前半段市场的主要交易逻辑。\n业内人士建议投资者关注下周即将举行的OPEC+会议,这是当前能化市场当前关注的焦点。如果增产幅度超出预期,油价回调的可能性依旧存在,也将一定程度上影响能化板块其他品种的价格走势。","news_type":1,"symbols_score_info":{"DUG":0.9,"SCO":0.9,"USO":0.9,"UWTIF":0.9,"DWTIF":0.9,"BZmain":0.9,"DDG":0.9,"DWT":0.9,"UCO":0.9,"QMmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":5450,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":12,"crmLevelSwitch":1,"idStr":"3574500206068120","authorIdStr":"3574500206068120"},"content":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","text":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","html":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}