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虎琊

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2021-05-29

Gogogo

Why has Xiaomi been able to rise against the global chip shortage?

2022-01-22

Hmm

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2022-01-16

ok

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2022-01-11

Yue

US stock earnings season has kicked off; focus on these three things.

2022-01-09

Ok

Tiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.

2022-01-20

Yue

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2022-01-04

🐮

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2021-12-27

💊

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2021-12-24

$黄金矿业ETF(Market Vectors)(GDX)$gogogo

Contradicting Biden, traders say US inflation will be higher next year.

2021-12-22

Yue

The cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!

Go to Tiger App to see more news

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20:34","market":"us","language":"zh","title":"Fifteen years later, the big short sellers are back: prepare for the bursting of the \"biggest credit bond bubble in history\".","url":"https://stock-news.laohu8.com/highlight/detail?id=1182189636","media":"华尔街见闻","summary":"在08年金融危机逆势获得超高回报的Mark Spitznagel表示：“我们已经让自己身陷困境。”越来越多华尔街大佬在看空美国经济方面达成共识。“黑天鹅”基金Universa Investments首","content":"<p><html><head></head><body>Mark Spitznagel, who bucked the trend and achieved exceptionally high returns during the 2008 financial crisis, said, \"We've already gotten ourselves into trouble.\" A growing number of Wall Street bigwigs are reaching a consensus on being bearish on the U.S. economy.</p><p>Mark Spitznagel, chief investment officer of Universa Investments, a black swan fund, said in a media interview that the financial system is most vulnerable to the impact of \"the largest credit bubble in human history.\"</p><p>“If this bubble bursts, it will be the most catastrophic market failure anyone has ever seen—but let’s hope that doesn’t happen.” “We’ve already gotten ourselves into trouble,” Spitznagel insists he is not a doomsday theorist. He has long criticized central banks for keeping interest rates near zero or even negative, saying it pushes up asset values and encourages excessive borrowing. Currently, central banks around the world are tightening monetary policy to combat inflation.</p><p>Spitznagel stated that traditional safe-haven assets such as U.S. Treasury Bond and gold have disappointed investors this year, adding to the pain.</p><p>Before he issued the above warning, major Wall Street banks had already issued warnings to investors one after another:</p><p>There is<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The CEO said that it is difficult for the US economy to avoid some degree of recession;</p><p>Then there is<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>CEO Dimon warned that the U.S. economy faces unprecedented challenges and investors should prepare for the upcoming \"economic storm.\"</p><p>On Friday local time, Goldman Sachs President John Waldron also issued a warning, saying that the future will be difficult due to a series of shocks to the global economy.</p><p>\"Black swan\" funds typically adopt a \"tail risk strategy,\" betting that catastrophic events will have a severe impact on the stock market or cause inflation to soar. Universa's goal is to preserve client assets and protect them from losses in the event of a \"black swan\" event that crashes the market.</p><p>Fifteen years ago, Universa, which had just been established, heavily invested in shorting US stocks in advance. During the 2008 financial crisis, investment gurus including Warren Buffett and many well-known investment institutions suffered setbacks.<b>Universa, however, bucked the trend and achieved a return of over 100%.</b>This battle also made Spitznagel and Universa famous on Wall Street.</p><p>In addition, at the beginning of the outbreak of the epidemic in 2020, the global financial market was bloodbathed, and Universa stood out again.<b>It achieved a net return of 36 times in March.</b></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fifteen years later, the big short sellers are back: prepare for the bursting of the \"biggest credit bond bubble in history\".</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\">\nFifteen years later, the big short sellers are back: prepare for the bursting of the \"biggest credit bond bubble in history\".\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2022-06-04 20:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Mark Spitznagel, who bucked the trend and achieved exceptionally high returns during the 2008 financial crisis, said, \"We've already gotten ourselves into trouble.\" A growing number of Wall Street bigwigs are reaching a consensus on being bearish on the U.S. economy.</p><p>Mark Spitznagel, chief investment officer of Universa Investments, a black swan fund, said in a media interview that the financial system is most vulnerable to the impact of \"the largest credit bubble in human history.\"</p><p>“If this bubble bursts, it will be the most catastrophic market failure anyone has ever seen—but let’s hope that doesn’t happen.” “We’ve already gotten ourselves into trouble,” Spitznagel insists he is not a doomsday theorist. He has long criticized central banks for keeping interest rates near zero or even negative, saying it pushes up asset values and encourages excessive borrowing. Currently, central banks around the world are tightening monetary policy to combat inflation.</p><p>Spitznagel stated that traditional safe-haven assets such as U.S. Treasury Bond and gold have disappointed investors this year, adding to the pain.</p><p>Before he issued the above warning, major Wall Street banks had already issued warnings to investors one after another:</p><p>There is<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The CEO said that it is difficult for the US economy to avoid some degree of recession;</p><p>Then there is<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>CEO Dimon warned that the U.S. economy faces unprecedented challenges and investors should prepare for the upcoming \"economic storm.\"</p><p>On Friday local time, Goldman Sachs President John Waldron also issued a warning, saying that the future will be difficult due to a series of shocks to the global economy.</p><p>\"Black swan\" funds typically adopt a \"tail risk strategy,\" betting that catastrophic events will have a severe impact on the stock market or cause inflation to soar. Universa's goal is to preserve client assets and protect them from losses in the event of a \"black swan\" event that crashes the market.</p><p>Fifteen years ago, Universa, which had just been established, heavily invested in shorting US stocks in advance. During the 2008 financial crisis, investment gurus including Warren Buffett and many well-known investment institutions suffered setbacks.<b>Universa, however, bucked the trend and achieved a return of over 100%.</b>This battle also made Spitznagel and Universa famous on Wall Street.</p><p>In addition, at the beginning of the outbreak of the epidemic in 2020, the global financial market was bloodbathed, and Universa stood out again.<b>It achieved a net return of 36 times in March.</b></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{"JPM":"摩根大通","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BRK.B":"伯克希尔B","BK4207":"综合性银行","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4176":"多领域控股","BK4566":"资本集团","WFC":"富国银行","BRK.A":"伯克希尔","BK4550":"红杉资本持仓","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182189636","content_text":"在08年金融危机逆势获得超高回报的Mark Spitznagel表示：“我们已经让自己身陷困境。”越来越多华尔街大佬在看空美国经济方面达成共识。“黑天鹅”基金Universa Investments首席投资官Mark Spitznagel在接受媒体采访时表示，金融体系最容易受到“人类历史上最大信用债泡沫”的冲击。“如果这个泡沫破灭，那将是所有人所见过的最灾难性的市场失灵——但是，让我们希望不会发生这种情况。”“我们已经让自己身陷困境。”Spitznagel坚称自己不是末日论者。他长期以来一直批评央行把利率维持在接近于零甚至为负的水平，他说这推升了资产价值并鼓励过度借贷。目前，全球央行都在收紧货币政策以抗通胀。Spitznagel表示，美国国债和黄金等传统避险资产今年让投资者失望，更添痛苦。在他发出上述警告之前，华尔街大行已经一个接一个地向投资者发出警报：前有富国银行首席执行官称美国经济难以避免某种程度的衰退；后有摩根大通首席执行官戴蒙警告，美国经济面临前所未有的挑战，投资者应该为即将到来的“经济风暴”做准备；当地时间周五，高盛集团总裁John Waldron也发出预警，称由于全球经济受到的一系列冲击，未来将步入一段艰难时期。“黑天鹅”基金一般采取“尾部风险策略”，押注灾难性事件对股市造成剧烈冲击，或导致通胀飙升。Universa的目标就是在\"黑天鹅\"事件拉崩大盘时保住客户资产，并使其免受损失。15年前，刚刚成立不久的Universa提前重仓做空美股。在2008年的金融海啸中，包括股神巴菲特在内的投资大佬和桥水在内的众多知名投资机构纷纷折戟，而Universa逆势获得超过100%的回报率。此役也令Spitznagel和Universa在华尔街一战成名。另外，在2020年疫情爆发初期，全球金融市场遭到血洗，Universa再次脱颖而出，在3月份实现了36倍的净回报率。","news_type":1,"symbols_score_info":{"ZFmain":0.9,"JPM":0.9,"ZNmain":0.9,"ZBmain":0.9,"UBmain":0.9,"BRK.A":0.9,"TNmain":0.9,"ZTmain":0.9,"BRK.B":0.9,"WFC":0.9}},"isVote":1,"tweetType":1,"viewCount":4430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028385952,"gmtCreate":1653176254576,"gmtModify":1676535233293,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028385952","repostId":"1197125538","repostType":4,"isVote":1,"tweetType":1,"viewCount":4259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089041836,"gmtCreate":1649937976910,"gmtModify":1676534610761,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Twitter musk buy","listText":"Twitter musk buy","text":"Twitter musk buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089041836","isVote":1,"tweetType":1,"viewCount":5007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017292117,"gmtCreate":1649776241958,"gmtModify":1676534572846,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017292117","repostId":"9016476123","repostType":1,"repost":{"id":9016476123,"gmtCreate":1649229403658,"gmtModify":1676534474180,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/d95d339b1f41503e283097a33ab3ba9d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"🏆【GAME】Hunting Eggs for Extra Saving!","htmlText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","text":"Tiger has prepared some Easter gifts for you, please click here to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","images":[{"img":"https://community-static.tradeup.com/news/15b435c0d10e0e89ad3e06b7bbd04830","width":"2251","height":"1334"},{"img":"https://community-static.tradeup.com/news/ff9640a9df2f24446e07b7a9b658cb4b","width":"1200","height":"630"},{"img":"https://community-static.tradeup.com/news/795038848b7c7b1d7dda27d92b580946","width":"1656","height":"948"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016476123","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090722204,"gmtCreate":1643270767669,"gmtModify":1676533792924,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090722204","repostId":"2206157338","repostType":4,"repost":{"id":"2206157338","kind":"news","pubTimestamp":1643268694,"share":"https://ttm.financial/m/news/2206157338?lang=en_US&edition=fundamental","pubTime":"2022-01-27 15:31","market":"us","language":"zh","title":"Intel's recovery is nothing to fear; Samsung Electronics is the biggest threat to TSMC.","url":"https://stock-news.laohu8.com/highlight/detail?id=2206157338","media":"智通财经","summary":"尽管人们在谈论英特尔进军芯片代工业务以及全球对台积电的过度依赖，但人们很容易忘记，韩国还存在另一个竞争对手。三星电子(Samsung Electronics Co.)是世界上最广泛的电子产品公司之一，","content":"<p><html><head></head><body>Despite people talking<a href=\"https://laohu8.com/S/INTC\">Intel</a>Entering the chip manufacturing business and globally...<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Despite its over-reliance, people easily forget that South Korea also has another competitor.</p><p><a href=\"https://laohu8.com/S/SMSD.UK\">Samsung Electronics</a>(Samsung Electronics Co.) is one of the world's most widespread Electronics companies, mass-producing components, displays, and even branded products. The company signaled on Thursday that its custom chip business will not be forgotten. In a statement announcing fourth-quarter earnings, the company said, \"The company's goal is to outpace market growth by expanding capacity at advanced nodes, adjusting prices, and adding new customers.\"</p><p>Secondly, earlier this month, TSMC also stated that the company expects to surpass the overall market in 2022 and has invested a record $44 billion to achieve this. When two giant companies make the same statement, one always achieves its goal.</p><p>However,<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Confidence should be taken seriously. Its technology is not significantly different from TSMC's; in some aspects, it is comparable to, or even surpasses, TSMC's. At the same time, it succeeded in quietly building its own customer list.</p><p>Samsung Electronics said on Thursday that this key point helped its contract manufacturing division achieve record sales, but did not provide specific figures.</p><p>Traditionally, the majority of the company's capital expenditures in the semiconductor sector (reaching 43.6 trillion won, or about US$36 billion, last year) have been spent on memory chips. This is a product type that TSMC and Intel have almost never encountered. However, both competitors face competition not only from Samsung's contract manufacturing business, but also from Samsung's System LSI division. This is just a fancy name for non-memory chips such as processors, sensors, and display components. The division also announced record sales for the quarter.</p><p>Every chip developed and manufactured internally by Samsung is not...<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>It was designed by competitors and then manufactured by TSMC. The division is also expanding its horizons and collaborating with TSMC's customers, such as Supermicro.</p><p>This month, Samsung Electronics launched the Exynos 2200, the latest product in its smartphone chip family, which uses graphics technology developed by AMD. This is a win-win for both companies. Earlier this month, the company's product launch failed to take place as scheduled, so the company's product presentation encountered some controversy, but this may be a short-term marketing issue.</p><p>Of course, there's also Intel. What's unique about this American chip giant is that its business is built around the design and manufacture of almost all chips, rather than accepting orders from external customers. But its new CEO, Pat Gelsinger, decided last year that he also wanted to become a player in the foundry market. Therefore, he will need to steal customers from TSMC and Samsung in the future.</p><p>But that won't happen in the short term. During Wednesday's earnings call, Intel discussed the future of its foundry business, but also acknowledged that most of its foundry capacity for external customers will not be online for the next few years. The world is facing a chip shortage today, and TSMC is desperately expanding its production capacity to maintain its technological leadership. Samsung has seen a clear window of opportunity and is ready to strike.</p><p>With this decisive battle approaching, this year will be a very exciting one for the world's semiconductor giants.</p><p></body></html></p>","source":"stock_zhitongcaijing","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>Intel's recovery is nothing to fear; Samsung Electronics is the biggest threat to TSMC.</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\">\nIntel's recovery is nothing to fear; Samsung Electronics is the biggest threat to TSMC.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2022-01-27 15:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Despite people talking<a href=\"https://laohu8.com/S/INTC\">Intel</a>Entering the chip manufacturing business and globally...<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Despite its over-reliance, people easily forget that South Korea also has another competitor.</p><p><a href=\"https://laohu8.com/S/SMSD.UK\">Samsung Electronics</a>(Samsung Electronics Co.) is one of the world's most widespread Electronics companies, mass-producing components, displays, and even branded products. The company signaled on Thursday that its custom chip business will not be forgotten. In a statement announcing fourth-quarter earnings, the company said, \"The company's goal is to outpace market growth by expanding capacity at advanced nodes, adjusting prices, and adding new customers.\"</p><p>Secondly, earlier this month, TSMC also stated that the company expects to surpass the overall market in 2022 and has invested a record $44 billion to achieve this. When two giant companies make the same statement, one always achieves its goal.</p><p>However,<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Confidence should be taken seriously. Its technology is not significantly different from TSMC's; in some aspects, it is comparable to, or even surpasses, TSMC's. At the same time, it succeeded in quietly building its own customer list.</p><p>Samsung Electronics said on Thursday that this key point helped its contract manufacturing division achieve record sales, but did not provide specific figures.</p><p>Traditionally, the majority of the company's capital expenditures in the semiconductor sector (reaching 43.6 trillion won, or about US$36 billion, last year) have been spent on memory chips. This is a product type that TSMC and Intel have almost never encountered. However, both competitors face competition not only from Samsung's contract manufacturing business, but also from Samsung's System LSI division. This is just a fancy name for non-memory chips such as processors, sensors, and display components. The division also announced record sales for the quarter.</p><p>Every chip developed and manufactured internally by Samsung is not...<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>It was designed by competitors and then manufactured by TSMC. The division is also expanding its horizons and collaborating with TSMC's customers, such as Supermicro.</p><p>This month, Samsung Electronics launched the Exynos 2200, the latest product in its smartphone chip family, which uses graphics technology developed by AMD. This is a win-win for both companies. Earlier this month, the company's product launch failed to take place as scheduled, so the company's product presentation encountered some controversy, but this may be a short-term marketing issue.</p><p>Of course, there's also Intel. What's unique about this American chip giant is that its business is built around the design and manufacture of almost all chips, rather than accepting orders from external customers. But its new CEO, Pat Gelsinger, decided last year that he also wanted to become a player in the foundry market. Therefore, he will need to steal customers from TSMC and Samsung in the future.</p><p>But that won't happen in the short term. During Wednesday's earnings call, Intel discussed the future of its foundry business, but also acknowledged that most of its foundry capacity for external customers will not be online for the next few years. The world is facing a chip shortage today, and TSMC is desperately expanding its production capacity to maintain its technological leadership. Samsung has seen a clear window of opportunity and is ready to strike.</p><p>With this decisive battle approaching, this year will be a very exciting one for the world's semiconductor giants.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/649836.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c74be4c2a08964ef2daf32217f693b44","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4512":"苹果概念","BK4527":"明星科技股","BK4526":"热门中概股","SMSD.UK":"三星电子","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","SSNLF":"三星电子","INTC":"英特尔","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4503":"景林资产持仓","BK4529":"IDC概念","BK4535":"淡马锡持仓","BK4505":"高瓴资本持仓","TSM":"台积电","BK4515":"5G概念","BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边"},"source_url":"http://www.zhitongcaijing.com/content/detail/649836.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206157338","content_text":"尽管人们在谈论英特尔进军芯片代工业务以及全球对台积电的过度依赖，但人们很容易忘记，韩国还存在另一个竞争对手。三星电子(Samsung Electronics Co.)是世界上最广泛的电子产品公司之一，大量生产零部件、显示器甚至品牌产品。该公司周四发出的信号表明，其定制芯片业务也不会被遗忘。该公司在一份宣布第四季度收益的声明中表示:“公司的目标是通过扩大高级节点的产能、调整价格和增加新客户，超过市场增长。”其次，本月早些时候，台积电还表示，公司预计将在2022年超越整体市场，并为此投入创纪录的440亿美元。当两家巨头公司发出同样的声明时，总有一家实现其目标。然而，三星的信心应该被认真对待。它的技术与台积电的差距并不大，在某些方面与台积电相当，甚至超过了台积电。与此同时，它成功地悄悄地建立了自己的客户名单。三星电子周四表示，这一要点帮助其代工部门创造了创新高的销售业绩，但没有给出具体数字。传统上，该公司在半导体领域的大部分资本支出(去年达43.6万亿韩元，约360亿美元)都用于存储芯片。这是台积电和英特尔几乎没有接触过的产品类型。但这两个竞争对手都面临竞争，不仅来自三星的代工业务，还来自三星的System LSI部门。这只是对处理器、传感器和显示组件等非内存芯片的一个花哨的称呼。该部门也公布了本季度创新高的销售额。三星内部开发和制造的每一块芯片都不是，由高通等竞争对手设计然后由台积电(TSMC)制造的。该部门也在扩大其视野，并与台积电的客户合作，如美国超微公司。本月，三星电子推出了智能手机芯片系列中的最新产品Exynos 2200，该芯片采用了AMD开发的图形技术。这是两家公司的双赢。本月早些时候，该公司的产品发布会未能如期举行，因此该公司的产品介绍遇到了一些争议，但这可能是一个短期的营销问题。当然还有英特尔，这家美国芯片巨头的独特之处在于，它的业务是通过围绕着几乎所有芯片的设计和制造建立起来的，而不是接受外部客户的订单。但其新任首席执行官Pat Gelsinger去年决定，他也想成为铸造市场的参与者。所以，他未来将需要从台积电和三星那里抢客户。但这在短期内不会发生。在周三的财报发布会上，英特尔谈到了未来的代工业务，但也承认，为外部客户提供代工的大部分产能在未来几年内都不会上线。当今世界正面临芯片短缺，而台积电正拼命扩大产能，保持技术领先，三星看到了一个明显的机会窗口，并准备出击。随着这一决战的到来，对世界半导体巨头来说，今年将是非常激动人心的一年。","news_type":1,"symbols_score_info":{"TSM":1,"SSNLF":1,"INTC":1,"SMSD.UK":1}},"isVote":1,"tweetType":1,"viewCount":4613,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007121086,"gmtCreate":1642811575778,"gmtModify":1676533748503,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007121086","repostId":"2205016851","repostType":4,"isVote":1,"tweetType":1,"viewCount":5701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004526274,"gmtCreate":1642641408634,"gmtModify":1676533731065,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004526274","repostId":"1169412220","repostType":4,"repost":{"id":"1169412220","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":1642634532,"share":"https://ttm.financial/m/news/1169412220?lang=en_US&edition=fundamental","pubTime":"2022-01-20 07:22","market":"us","language":"zh","title":"Last night and this morning: The Nasdaq fell into pullback territory! Luckin Coffee intends to relist","url":"https://stock-news.laohu8.com/highlight/detail?id=1169412220","media":"老虎资讯综合","summary":"摘要：美股三大指数集体收跌，新能源汽车股普遍下挫；消息称瑞幸咖啡研究在美国重新上市的计划；原油续刷七年多来高位；迪士尼成立新部门践行本土化战略；联合大陆航空Q4营收81.92亿美元，净亏损6.46亿美","content":"<p><html><head></head><body><b>Abstract:</b>The three major U.S. stock indexes all closed lower, with new energy vehicle stocks generally declining. Reports say<a href=\"https://laohu8.com/S/LUCKIN\">Luckin Coffee</a>Studying plans for a relisting in the United States; Crude oil continued to hit a more than seven-year high;<a href=\"https://laohu8.com/S/DIS\">Disney</a>A new department was established to implement the localization strategy;<a href=\"https://laohu8.com/S/UAL\">United Continental</a>Q4 revenue was $8.192 billion, with a net loss of $646 million >>><b>International market</b></p><p><b>US stocks closed lower: All three major indexes closed lower, with the Nasdaq down more than 1%.</b></p><p>The U.S. stock market opened higher but closed lower, continuing its recent downward trend. All three major indexes closed lower, with the Nasdaq falling more than 1%. At the close, it was 10.5% lower than its all-time closing high reached in November last year, entering a technical correction range. At the close, the Dow Jones Industrial Average fell 0.96% to 35,028.65 points; The S&P 500 fell 0.97% to 4,532.76 points; The Nasdaq fell 1.15% to 14,340.30 points.</p><p>Major tech stocks showed mixed performance.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell 2.1%.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell 1.65%.<a href=\"https://laohu8.com/S/FB\">Goal</a>Up 0.45%<a href=\"https://laohu8.com/S/GOOG\">Google</a>It fell 0.65%.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose 0.22%, while Netflix rose 0.99%.</p><p>New energy vehicle stocks generally declined.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell 3.38%.<a href=\"https://laohu8.com/S/NKLA\">Nicholas</a>It fell 6.50%.<a href=\"https://laohu8.com/S/WKHS\">Workhorse</a>It fell 3.83%.<a href=\"https://laohu8.com/S/RIDE\">Lordstown</a>It fell 2.04%.<a href=\"https://laohu8.com/S/RIVN\">Rivian</a>It fell 5.14%.<a href=\"https://laohu8.com/S/LCID\">Lucid</a>Up 2.09%.</p><p><b>Popular Chinese concept stocks were mixed, with new energy vehicle stocks collectively declining.</b></p><p>Popular Chinese concept stocks closed mixed, with new energy vehicle stocks declining.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles fell 3.31%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell 7.44%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell 3.97%;<a href=\"https://laohu8.com/S/WIMI\">micro-beauty holographic</a>Shares rose more than 16%, indicating that the company is accelerating its \"metaverse\" industrial layout;<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Up 4.58%<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up 4.81%<a href=\"https://laohu8.com/S/TCEHY\">Tencent ADR</a>Up 2.86%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 2.37%<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up 1.69%<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up 1.01%,<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Up 0.83%<a href=\"https://laohu8.com/S/WB\">Weibo</a>Up 0.24%<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell 0.67%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>It fell 1.50%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It fell 0.71%.<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>It fell 1.02%.</p><p><b>WTI crude closed 1.8% higher, while Brent crude rose 1.1%, both hitting their highest closing prices in seven years.</b></p><p>WTI crude oil rose $1.53, or 1.8%, to close at $86.96 a barrel, reaching an intraday high of $87.92. Brent crude rose 93 cents, or 1.1%, to settle at $88.44 a barrel, having briefly touched a high of $89.17 during the session.</p><p><b>Gold futures closed 1.7% higher on Wednesday, their highest closing price in two months.</b></p><p>This marks the first increase in gold futures prices in four trading days. Gold futures for February delivery on the New York Mercantile Exchange rose $30.80, or 1.7%, to settle at $1,843.20 an ounce on Wednesday. Gold futures prices had fallen for three consecutive trading days.</p><p><b>Major European stock indices were mixed, with France's CAC40 up 0.55%.</b></p><p>Germany's DAX30 index closed up 0.20% on Wednesday.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.40%, France's CAC40 rose 0.55%, Europe's Stoxx 50 rose 0.26%, Spain's IBEX35 fell 0.06%, and Italy's FTSE MIB fell 0.41%.</p><p><b>International macro</b></p><p><a href=\"https://laohu8.com/NW/2204527050\" target=\"_blank\"><b>Biden shouts! The Federal Reserve now needs to properly calibrate its support policy.</b></a></p><p>On Wednesday, Biden called on the Federal Reserve to control rising prices and expressed support for the Fed's independence (in setting monetary policy). At the same time, Biden also stated that Capitol Hill should confirm Powell's*as Federal Reserve Chairman without any delay. Regarding the COVID-19 pandemic, Biden said the United States will not follow the old path of lockdowns in COVID-19 prevention and control.</p><p><a href=\"https://laohu8.com/NW/2204057903\" target=\"_blank\"><b>US Treasury Secretary Janet Yellen believes Omicron will not derail the US economic recovery.</b></a><b></b></p><p>U.S. Treasury Secretary Janet Yellen said she does not expect the omicron variant of the coronavirus to disrupt the ongoing economic recovery. “Yes, omicron presents a challenge that could impact some data in the coming months,” Yellen said in a speech to the U.S. Mayors’ Conference on Wednesday. \"But I believe it will not derail one of the strongest periods of economic growth in a century.\"</p><p><a href=\"https://laohu8.com/NW/2204052420\" target=\"_blank\"><b>U.S. Securities and Exchange Commission: Cryptocurrency exchanges will face more oversight from the U.S. Securities and Exchange Commission.</b></a><b></b></p><p>Cryptocurrency exchanges are poised to become a key focus of the U.S. Securities and Exchange Commission's (SEC) crackdown on digital assets in 2022. U.S. Securities and Exchange Commission Chairman Gensler said on Wednesday that he hopes trading platforms will take steps in the coming months to be more directly regulated by Washington financial regulators. He stated that strengthened regulation is crucial for cryptocurrency investors to receive the same protection as investors in stocks or other assets. “I have asked staff to study all ways to include these platforms in the scope of investor protection. If trading platforms are not regulated, the public will once again endure a year of vulnerability.”</p><p><a href=\"https://laohu8.com/NW/2204500600\" target=\"_blank\"><b>Biden signs national security memorandum to improve U.S. national cybersecurity</b></a><b></b></p><p>According to The Hill, U.S. President Biden signed a national security memorandum on January 19, setting new cybersecurity requirements for sensitive national security systems of the Department of Defense, intelligence agencies, and other federal agencies.</p><p><b>Amid Johnson's deep public opinion crisis, Britain and the United States announced they would launch metal tariff negotiations.</b></p><p>On Wednesday, the United States and Britain issued a joint statement saying they would launch negotiations to resolve a trade dispute stemming from U.S. tariffs on imported steel and aluminum. The two sides did not disclose a specific date or timetable for the negotiations, but they will address global overcapacity in steel and aluminum, including U.S. tariffs on metals from the United Kingdom. It is understood that the negotiations will also involve a 25% retaliatory tariff imposed by the UK on US products, specifically whiskey, motorcycles, jeans and tobacco.</p><p><b>Europe is shifting policy focus away from omicron despite record numbers of infections</b></p><p>Germany, France, and Italy reported nearly 800,000 new coronavirus cases on Tuesday. This shows that the epidemic prevention restrictions that have dominated people's daily lives over the past two years have had little effect on slowing the spread of omicron. With this mutated strain highly contagious and existing epidemic prevention measures riddled with holes or even futile, European governments are calling for new countermeasures. Some people want to treat the virus as a local epidemic rather than a global pandemic.</p><p><b>Company News</b></p><p><a href=\"https://laohu8.com/NW/2204505240\" target=\"_blank\"><b>It surged by over 16%! Luckin Coffee is returning to Nasdaq.</b></a><b></b></p><p>Two sources familiar with the matter revealed that the company is currently listed on the US pink sheet market.<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>Plans to relist on Nasdaq are being studied, which could take place as early as the end of this year.<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>It closed up more than 16% at $11.50 in the pink sheet market.</p><p><a href=\"https://laohu8.com/NW/2204052585\" target=\"_blank\"><b>To replicate Netflix's success, Disney has established a new department to implement its localization strategy.</b></a><b></b></p><p>Entertainment giant Disney has announced that it has formed an international content group to expand its streaming services in different markets. This newly established department will be headed by Rebecca Campbell, an executive in Disney's streaming business, who will report directly to Disney CEO Bob Chapek.</p><p><a href=\"https://laohu8.com/NW/1111428287\" target=\"_blank\"><b>United Continental Airlines reported Q4 revenue of $8.192 billion and a net loss of $646 million.</b></a><b></b></p><p>The financial report shows that fourth-quarter revenue was $8.192 billion, compared to market expectations of $7.988 billion; The company reported a net loss of $646 million, compared to market expectations of a net loss of $624 million. The company reported a loss of $1.99 per share, compared to market expectations of a loss of $1.93.</p><p><a href=\"https://laohu8.com/NW/2204205271\" target=\"_blank\"><b>Ford recalls 200,000 vehicles due to brake light issues</b></a><b></b></p><p>America<a href=\"https://laohu8.com/S/F\">Ford Motor</a>The company announced a recall of approximately 200,000 vehicles due to brake light issues. The recalled models include 2014 and 2015 Ford Fusions, Lincoln MKZ mid-size cars, and some 2015 Mustangs.</p><p><a href=\"https://laohu8.com/NW/1140814192\" target=\"_blank\"><b>Reports indicate that the iPhone SE equipped with 5G capabilities will be released in April or May.</b></a><b></b></p><p>According to reports,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company is ramping up production of the 5G iPhone SE, which may be released in April or May. The report, citing display industry consultant Ross Young, stated that panel production for the iPhone SE 3's display will begin this month, with actual production of the phone itself likely to begin in March.</p><p><a href=\"https://laohu8.com/NW/1199104852\" target=\"_blank\"><b>Morgan Stanley's full-year revenue and profit hit record highs in 2021.</b></a><b></b></p><p>On Wednesday morning local time in the United States, the last of the six major Wall Street banks to appear...<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The fourth quarter report for fiscal year 2021 has been released. Data shows that Morgan Stanley achieved revenue of $14.52 billion in Q4 2021, roughly the same as the previous two quarters and slightly lower than the expected $14.6 billion. Net income was $3.696 billion, equivalent to EPS of $2.01, compared to analysts' consensus expectation of $1.91. The company's full-year revenue of $59.8 billion and profit of $15 billion also hit record highs.</p><p><a href=\"https://laohu8.com/NW/1107828465\" target=\"_blank\"><b>Procter & Gamble's Q2 2022 net profit increased by 10% year-on-year, and it raised its full-year guidance.</b></a><b></b></p><p>Pre-market trading on Wednesday Eastern Time, consumer goods giants...<a href=\"https://laohu8.com/S/PG\">Procter and Gamble</a>The company released its Q4 results, with both revenue and profit exceeding expectations, and consumers appear unaffected by rising prices. Financial reports show that Procter & Gamble reported net sales of $21 billion in the fourth quarter, a 6% year-over-year increase, compared to market expectations of $20.35 billion; Fourth-quarter net income was $4.223 billion, compared to expectations of $4.22 billion.</p><p><a href=\"https://laohu8.com/NW/2204057632\" target=\"_blank\"><b>Alcoa reported sales of $3.34 billion in the fourth quarter.</b></a><b></b></p><p><a href=\"https://laohu8.com/S/AA\">Alcoa</a>The company's fourth-quarter sales were $3.34 billion, compared to market expectations of $3.36 billion; Adjusted earnings per share were $2.50, compared to market expectations of $1.86; Adjusted EPS was $2.50, compared to analysts' expectations of $1.86; Adjusted EBITDA was $896 million, compared to analysts' expectations of $895.5 million.</p><p><a href=\"https://laohu8.com/NW/2204068859\" target=\"_blank\"><b>Berkshire Hathaway plans to invest $3.9 billion in wind and solar projects</b></a><b></b></p><p>Warren Buffett's Berkshire Hathaway plans to spend $3.9 billion to bring more wind and solar power to Iowa. This project is expected to become one of the largest in the renewable energy industry.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning: The Nasdaq fell into pullback territory! Luckin Coffee intends to relist</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\">\nLast night and this morning: The Nasdaq fell into pullback territory! Luckin Coffee intends to relist\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-20 07:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Abstract:</b>The three major U.S. stock indexes all closed lower, with new energy vehicle stocks generally declining. Reports say<a href=\"https://laohu8.com/S/LUCKIN\">Luckin Coffee</a>Studying plans for a relisting in the United States; Crude oil continued to hit a more than seven-year high;<a href=\"https://laohu8.com/S/DIS\">Disney</a>A new department was established to implement the localization strategy;<a href=\"https://laohu8.com/S/UAL\">United Continental</a>Q4 revenue was $8.192 billion, with a net loss of $646 million >>><b>International market</b></p><p><b>US stocks closed lower: All three major indexes closed lower, with the Nasdaq down more than 1%.</b></p><p>The U.S. stock market opened higher but closed lower, continuing its recent downward trend. All three major indexes closed lower, with the Nasdaq falling more than 1%. At the close, it was 10.5% lower than its all-time closing high reached in November last year, entering a technical correction range. At the close, the Dow Jones Industrial Average fell 0.96% to 35,028.65 points; The S&P 500 fell 0.97% to 4,532.76 points; The Nasdaq fell 1.15% to 14,340.30 points.</p><p>Major tech stocks showed mixed performance.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell 2.1%.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It fell 1.65%.<a href=\"https://laohu8.com/S/FB\">Goal</a>Up 0.45%<a href=\"https://laohu8.com/S/GOOG\">Google</a>It fell 0.65%.<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose 0.22%, while Netflix rose 0.99%.</p><p>New energy vehicle stocks generally declined.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell 3.38%.<a href=\"https://laohu8.com/S/NKLA\">Nicholas</a>It fell 6.50%.<a href=\"https://laohu8.com/S/WKHS\">Workhorse</a>It fell 3.83%.<a href=\"https://laohu8.com/S/RIDE\">Lordstown</a>It fell 2.04%.<a href=\"https://laohu8.com/S/RIVN\">Rivian</a>It fell 5.14%.<a href=\"https://laohu8.com/S/LCID\">Lucid</a>Up 2.09%.</p><p><b>Popular Chinese concept stocks were mixed, with new energy vehicle stocks collectively declining.</b></p><p>Popular Chinese concept stocks closed mixed, with new energy vehicle stocks declining.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles fell 3.31%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell 7.44%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It fell 3.97%;<a href=\"https://laohu8.com/S/WIMI\">micro-beauty holographic</a>Shares rose more than 16%, indicating that the company is accelerating its \"metaverse\" industrial layout;<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Up 4.58%<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up 4.81%<a href=\"https://laohu8.com/S/TCEHY\">Tencent ADR</a>Up 2.86%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 2.37%<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up 1.69%<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up 1.01%,<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Up 0.83%<a href=\"https://laohu8.com/S/WB\">Weibo</a>Up 0.24%<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell 0.67%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>It fell 1.50%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It fell 0.71%.<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>It fell 1.02%.</p><p><b>WTI crude closed 1.8% higher, while Brent crude rose 1.1%, both hitting their highest closing prices in seven years.</b></p><p>WTI crude oil rose $1.53, or 1.8%, to close at $86.96 a barrel, reaching an intraday high of $87.92. Brent crude rose 93 cents, or 1.1%, to settle at $88.44 a barrel, having briefly touched a high of $89.17 during the session.</p><p><b>Gold futures closed 1.7% higher on Wednesday, their highest closing price in two months.</b></p><p>This marks the first increase in gold futures prices in four trading days. Gold futures for February delivery on the New York Mercantile Exchange rose $30.80, or 1.7%, to settle at $1,843.20 an ounce on Wednesday. Gold futures prices had fallen for three consecutive trading days.</p><p><b>Major European stock indices were mixed, with France's CAC40 up 0.55%.</b></p><p>Germany's DAX30 index closed up 0.20% on Wednesday.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.40%, France's CAC40 rose 0.55%, Europe's Stoxx 50 rose 0.26%, Spain's IBEX35 fell 0.06%, and Italy's FTSE MIB fell 0.41%.</p><p><b>International macro</b></p><p><a href=\"https://laohu8.com/NW/2204527050\" target=\"_blank\"><b>Biden shouts! The Federal Reserve now needs to properly calibrate its support policy.</b></a></p><p>On Wednesday, Biden called on the Federal Reserve to control rising prices and expressed support for the Fed's independence (in setting monetary policy). At the same time, Biden also stated that Capitol Hill should confirm Powell's*as Federal Reserve Chairman without any delay. Regarding the COVID-19 pandemic, Biden said the United States will not follow the old path of lockdowns in COVID-19 prevention and control.</p><p><a href=\"https://laohu8.com/NW/2204057903\" target=\"_blank\"><b>US Treasury Secretary Janet Yellen believes Omicron will not derail the US economic recovery.</b></a><b></b></p><p>U.S. Treasury Secretary Janet Yellen said she does not expect the omicron variant of the coronavirus to disrupt the ongoing economic recovery. “Yes, omicron presents a challenge that could impact some data in the coming months,” Yellen said in a speech to the U.S. Mayors’ Conference on Wednesday. \"But I believe it will not derail one of the strongest periods of economic growth in a century.\"</p><p><a href=\"https://laohu8.com/NW/2204052420\" target=\"_blank\"><b>U.S. Securities and Exchange Commission: Cryptocurrency exchanges will face more oversight from the U.S. Securities and Exchange Commission.</b></a><b></b></p><p>Cryptocurrency exchanges are poised to become a key focus of the U.S. Securities and Exchange Commission's (SEC) crackdown on digital assets in 2022. U.S. Securities and Exchange Commission Chairman Gensler said on Wednesday that he hopes trading platforms will take steps in the coming months to be more directly regulated by Washington financial regulators. He stated that strengthened regulation is crucial for cryptocurrency investors to receive the same protection as investors in stocks or other assets. “I have asked staff to study all ways to include these platforms in the scope of investor protection. If trading platforms are not regulated, the public will once again endure a year of vulnerability.”</p><p><a href=\"https://laohu8.com/NW/2204500600\" target=\"_blank\"><b>Biden signs national security memorandum to improve U.S. national cybersecurity</b></a><b></b></p><p>According to The Hill, U.S. President Biden signed a national security memorandum on January 19, setting new cybersecurity requirements for sensitive national security systems of the Department of Defense, intelligence agencies, and other federal agencies.</p><p><b>Amid Johnson's deep public opinion crisis, Britain and the United States announced they would launch metal tariff negotiations.</b></p><p>On Wednesday, the United States and Britain issued a joint statement saying they would launch negotiations to resolve a trade dispute stemming from U.S. tariffs on imported steel and aluminum. The two sides did not disclose a specific date or timetable for the negotiations, but they will address global overcapacity in steel and aluminum, including U.S. tariffs on metals from the United Kingdom. It is understood that the negotiations will also involve a 25% retaliatory tariff imposed by the UK on US products, specifically whiskey, motorcycles, jeans and tobacco.</p><p><b>Europe is shifting policy focus away from omicron despite record numbers of infections</b></p><p>Germany, France, and Italy reported nearly 800,000 new coronavirus cases on Tuesday. This shows that the epidemic prevention restrictions that have dominated people's daily lives over the past two years have had little effect on slowing the spread of omicron. With this mutated strain highly contagious and existing epidemic prevention measures riddled with holes or even futile, European governments are calling for new countermeasures. Some people want to treat the virus as a local epidemic rather than a global pandemic.</p><p><b>Company News</b></p><p><a href=\"https://laohu8.com/NW/2204505240\" target=\"_blank\"><b>It surged by over 16%! Luckin Coffee is returning to Nasdaq.</b></a><b></b></p><p>Two sources familiar with the matter revealed that the company is currently listed on the US pink sheet market.<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>Plans to relist on Nasdaq are being studied, which could take place as early as the end of this year.<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>It closed up more than 16% at $11.50 in the pink sheet market.</p><p><a href=\"https://laohu8.com/NW/2204052585\" target=\"_blank\"><b>To replicate Netflix's success, Disney has established a new department to implement its localization strategy.</b></a><b></b></p><p>Entertainment giant Disney has announced that it has formed an international content group to expand its streaming services in different markets. This newly established department will be headed by Rebecca Campbell, an executive in Disney's streaming business, who will report directly to Disney CEO Bob Chapek.</p><p><a href=\"https://laohu8.com/NW/1111428287\" target=\"_blank\"><b>United Continental Airlines reported Q4 revenue of $8.192 billion and a net loss of $646 million.</b></a><b></b></p><p>The financial report shows that fourth-quarter revenue was $8.192 billion, compared to market expectations of $7.988 billion; The company reported a net loss of $646 million, compared to market expectations of a net loss of $624 million. The company reported a loss of $1.99 per share, compared to market expectations of a loss of $1.93.</p><p><a href=\"https://laohu8.com/NW/2204205271\" target=\"_blank\"><b>Ford recalls 200,000 vehicles due to brake light issues</b></a><b></b></p><p>America<a href=\"https://laohu8.com/S/F\">Ford Motor</a>The company announced a recall of approximately 200,000 vehicles due to brake light issues. The recalled models include 2014 and 2015 Ford Fusions, Lincoln MKZ mid-size cars, and some 2015 Mustangs.</p><p><a href=\"https://laohu8.com/NW/1140814192\" target=\"_blank\"><b>Reports indicate that the iPhone SE equipped with 5G capabilities will be released in April or May.</b></a><b></b></p><p>According to reports,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company is ramping up production of the 5G iPhone SE, which may be released in April or May. The report, citing display industry consultant Ross Young, stated that panel production for the iPhone SE 3's display will begin this month, with actual production of the phone itself likely to begin in March.</p><p><a href=\"https://laohu8.com/NW/1199104852\" target=\"_blank\"><b>Morgan Stanley's full-year revenue and profit hit record highs in 2021.</b></a><b></b></p><p>On Wednesday morning local time in the United States, the last of the six major Wall Street banks to appear...<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The fourth quarter report for fiscal year 2021 has been released. Data shows that Morgan Stanley achieved revenue of $14.52 billion in Q4 2021, roughly the same as the previous two quarters and slightly lower than the expected $14.6 billion. Net income was $3.696 billion, equivalent to EPS of $2.01, compared to analysts' consensus expectation of $1.91. The company's full-year revenue of $59.8 billion and profit of $15 billion also hit record highs.</p><p><a href=\"https://laohu8.com/NW/1107828465\" target=\"_blank\"><b>Procter & Gamble's Q2 2022 net profit increased by 10% year-on-year, and it raised its full-year guidance.</b></a><b></b></p><p>Pre-market trading on Wednesday Eastern Time, consumer goods giants...<a href=\"https://laohu8.com/S/PG\">Procter and Gamble</a>The company released its Q4 results, with both revenue and profit exceeding expectations, and consumers appear unaffected by rising prices. Financial reports show that Procter & Gamble reported net sales of $21 billion in the fourth quarter, a 6% year-over-year increase, compared to market expectations of $20.35 billion; Fourth-quarter net income was $4.223 billion, compared to expectations of $4.22 billion.</p><p><a href=\"https://laohu8.com/NW/2204057632\" target=\"_blank\"><b>Alcoa reported sales of $3.34 billion in the fourth quarter.</b></a><b></b></p><p><a href=\"https://laohu8.com/S/AA\">Alcoa</a>The company's fourth-quarter sales were $3.34 billion, compared to market expectations of $3.36 billion; Adjusted earnings per share were $2.50, compared to market expectations of $1.86; Adjusted EPS was $2.50, compared to analysts' expectations of $1.86; Adjusted EBITDA was $896 million, compared to analysts' expectations of $895.5 million.</p><p><a href=\"https://laohu8.com/NW/2204068859\" target=\"_blank\"><b>Berkshire Hathaway plans to invest $3.9 billion in wind and solar projects</b></a><b></b></p><p>Warren Buffett's Berkshire Hathaway plans to spend $3.9 billion to bring more wind and solar power to Iowa. This project is expected to become one of the largest in the renewable energy industry.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","LKNCY":"瑞幸咖啡",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169412220","content_text":"摘要：美股三大指数集体收跌，新能源汽车股普遍下挫；消息称瑞幸咖啡研究在美国重新上市的计划；原油续刷七年多来高位；迪士尼成立新部门践行本土化战略；联合大陆航空Q4营收81.92亿美元，净亏损6.46亿美元>>>国际市场美股收盘：三大指数集体收跌，纳指跌超1%美股市场高开低走，延续了近期的跌势，三大股指悉数收跌，纳指跌超1%，收盘时较去年11月创下的历史收盘高点低10.5%，进入技术性回调区间。截至收盘，道琼斯指数跌0.96%，报35,028.65点；标普500指数跌0.97%，报4,532.76点；纳斯达克指数跌1.15%，报14,340.30点。大型科技股涨跌互现，苹果跌2.1%，亚马逊跌1.65%，Meta涨0.45%，谷歌跌0.65%，微软涨0.22%，奈飞涨0.99%。新能源汽车股普遍下挫，特斯拉跌3.38%，Nikola跌6.50%，Workhorse跌3.83%，Lordstown跌2.04%，Rivian跌5.14%，Lucid涨2.09%。热门中概股涨跌不一，新能源汽车股集体下挫热门中概股收盘涨跌互现，新能源汽车股纷纷下挫，蔚来汽车跌3.31%，小鹏汽车跌7.44%，理想汽车跌3.97%；微美全息涨超16%，该公司正加快产业“元宇宙化”布局；拼多多涨4.58%，滴滴涨4.81%，腾讯ADR涨2.86%，新东方涨2.37%，网易涨1.69%，百度涨1.01%，爱奇艺涨0.83%，微博涨0.24%，阿里巴巴跌0.67%，京东跌1.50%，哔哩哔哩跌0.71%，腾讯音乐跌1.02%。美油收高1.8%布油涨1.1%，均创7年来最高收盘价WTI原油上涨1.53美元，涨幅为1.8%，收于每桶86.96美元，盘中最高达到87.92美元；布伦特原油上涨93美分，涨幅为1.1%，收于每桶88.44美元，盘中一度触及89.17美元的高位。黄金期货周三收高1.7%，创两个月来最高收盘价这是黄金期货价格四个交易日来首次录得涨幅。周三纽约商品交易所2月交割的黄金期货价格上涨30.80美元，或1.7%，收于每盎司1843.20美元。此前三个交易日黄金期货价格连续下跌。欧股主要指数涨跌不一，法国CAC40涨0.55%德国DAX30指数周三收涨0.20%，英国富时100指数涨0.40%，法国CAC40指数涨0.55%，欧洲斯托克50指数涨0.26%，西班牙IBEX35指数跌0.06%，意大利富时MIB指数跌幅0.41%。国际宏观拜登喊话！美联储现在有必要适当地校准支持政策周三，拜登喊话美联储控制物价上涨，并表示支持美联储（在制定货币政策方面）的独立性。同时，拜登还表示国会山应当丝毫不拖延地确认鲍威尔连任美联储主席。对于新冠疫情，拜登说美国不会在新冠肺炎疫情防控方面走封锁的老路。美国财长耶伦相信Omicron不会导致美国经济复苏脱轨美国财政部长珍妮特·耶伦表示，她预计冠状病毒omicron变异株不会破坏持续的经济复苏。“是的，omicron带来了一个挑战，未来几个月可能会影响一些数据，”耶伦周三在美国市长会议上发表讲话称。“但我相信，它不会让一个世纪以来最强劲的经济增长时期之一脱轨。”美国证交会：加密货币交易所将面临美国证券交易委员会更多监督加密货币交易所势将成为美国证交会（SEC）2022年在数字资产领域的整顿重点。美国证交会主席根斯勒周三表示，希望交易平台将在未来几个月采取措施，以受华盛顿金融监管机构更直接的监管。他表示，加强监管对加密货币投资者获得与股票或其它资产投资者同样的保护至关重要。“我已经要求工作人员研究所有方法，将这些平台纳入投资者保护范围，如果交易平台不受监管，公众将再度经受易受冲击的一年。”拜登签署国家安全备忘录，以提高美国国家网络安全据《国会山报》报道，美国总统拜登当地时间1月19日签署了一份国家安全备忘录，为国防部、情报机构和其他联邦机构较为敏感的国家安全系统设定了新的网络安全要求。约翰逊深陷舆论危机之际，英美两国宣布将启动金属关税谈判周三，美国和英国发布联合声明称，两国将启动谈判以解决因美国对进口钢铁和铝征收关税而引发的贸易争端。双方并未透露谈判的具体日期或时间表，但谈判将涉及全球钢铁和铝产能过剩，包括美国对来自英国的金属征收关税。据悉，谈判还将涉及英国对美国产品征收的25%报复性关税，具体包括威士忌、摩托车、牛仔裤和烟草等。尽管感染人数创新高，欧洲正将政策重心移开omicron德国、法国和意大利周二公布的新冠病例数接近80万。这表明，过去两年来支配着人们日常生活的防疫限制措施对减缓omicron传播几无效果。在这种变异毒株传染性极强，而现有防疫措施千疮百孔甚至是徒劳无用的情况下，欧洲政府正呼吁采取新对策。有人希望把这种病毒当成一种地方性流行病，而不是全球大流行病来对待。公司新闻大涨逾16%！瑞幸咖啡要重回纳斯达克两位知情人士透露，目前在美股粉单市场上市的瑞幸咖啡正在研究在纳斯达克重新上市的计划，最快可能将在今年年底进行。瑞幸咖啡在粉单市场收涨超16%，报11.5美元。欲复制奈飞的成功，迪士尼成立新部门践行本土化战略娱乐巨头迪士尼宣布，它已经成立了一个国际内容集团，以扩大其在不同市场的流媒体服务。这一新成立的部门将由迪士尼流媒体业务高管Rebecca Campbell负责，她将直接向迪士尼首席执行官Bob Chapek汇报工作。联合大陆航空Q4营收81.92亿美元，净亏损6.46亿美元财报显示，第四季度营收81.92亿美元，市场预期79.88亿美元；净亏损6.46亿美元，市场预期净亏损6.24亿美元；每股亏损1.99美元，市场预期亏损1.93美元。美国福特公司因刹车灯问题召回20万辆汽车美国福特汽车公司宣布因刹车灯问题召回约20万辆汽车，召回的车型包括2014款和2015款福特“蒙迪欧”（Fusion），林肯MKZ中型车和部分2015款“野马”（Mustang）。消息称配备5G功能的iPhone SE将于4月或5月发布据报道，苹果公司正在加紧生产5G iPhone SE，该产品可能会在4月或5月发布。报道援引显示屏行业顾问Ross Young的消息称，用于 iPhone SE 3的显示屏的面板生产将于本月开始，手机本身的实际生产可能会在3月开始。摩根士丹利2021年全年营收和利润刷新历史新高美国当地时间周三早晨，华尔街六大行中压轴出场的摩根士丹利公布了2021财年四季报。数据显示，摩根士丹利2021年Q4实现营收145.2亿美元，与前两个季度基本持平，略逊于146亿美元的预期；净利润36.96亿美元，折合EPS 2.01美元，分析师一致预期1.91美元。公司的全年营收598亿美元和利润150亿美元也刷新历史新高。宝洁2022财年Q2净利同比增10%，上调全年业绩指引美东时间周三盘前，消费品巨头宝洁公布了Q4业绩，其营收与利润均超出了预期，消费者似乎未受价格上涨的影响。财报显示，宝洁四季度销售净额210亿美元，同比增长6%，市场预期203.5亿美元；四季度净利润42.23亿美元，预期为42.2亿美元。美国铝业公司第四季度销售额33.4亿美元美国铝业公司第四季度销售额33.4亿美元，市场预估33.6亿美元；调整后每股收益2.50美元，市场预估1.86美元；调整后EPS为2.50美元，分析师预期1.86美元；调整后EBITDA为8.96亿美元，分析师预期8.955亿美元。伯克希尔计划投资39亿美元建设风能和太阳能项目沃伦·巴菲特的伯克希尔公司计划斥资39亿美元，为爱荷华州输送更多风电和太阳能发电。该项目有望成为可再生能源行业规模最大的项目之一。","news_type":1,"symbols_score_info":{"LKNCY":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005203903,"gmtCreate":1642300398010,"gmtModify":1676533699357,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005203903","repostId":"1126777532","repostType":4,"isVote":1,"tweetType":1,"viewCount":7202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002035410,"gmtCreate":1641861192511,"gmtModify":1676533655692,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002035410","repostId":"2202739522","repostType":4,"repost":{"id":"2202739522","kind":"highlight","pubTimestamp":1641823366,"share":"https://ttm.financial/m/news/2202739522?lang=en_US&edition=fundamental","pubTime":"2022-01-10 22:02","market":"us","language":"zh","title":"US stock earnings season has kicked off; focus on these three things.","url":"https://stock-news.laohu8.com/highlight/detail?id=2202739522","media":"华尔街见闻","summary":"今年的开年对美股来说无疑是糟糕的一年，截至上周五，标准普尔指数下跌了1.9%，纳斯达克指数下跌了3.5%，这是自2000年互联网泡沫破灭以来，开年第一周的最大跌幅。当然，暴跌的罪魁祸首是美联储，上周三","content":"<p><html><head></head><body>The start of the year has undoubtedly been a bad one for U.S. stocks. As of last Friday, the S&P 500 was down 1.9% and the Nasdaq was down 3.5%, the biggest drop in the first week of the year since the bursting of the dot-com bubble in 2000.</p><p><img src=\"https://static.tigerbbs.com/a0d7f4e57f1692b89ef7ed0530a0875f\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Of course, the culprit behind the plunge was the Federal Reserve, whose correction last Wednesday coincided with the release of the hawkish December meeting minutes, which suggested that the Fed would not only accelerate its rate hike pace but also its shrinking balance sheet.</p><p>Last Friday's non-farm payrolls report showed that 199,000 new jobs were dismal compared to the 400,000 expected. However, this did not dispel hawkish expectations, as the unemployment rate, which was considered a completely meaningless statistic a few years ago, fell by 0.3% to 3.9% from 4.2% in November. Some investment banks expect the Federal Reserve to rate hike three to four times this year and to announce quantitative tightening early in the second half of the year.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>David Kostin, head of research at the Federal Reserve, pointed out that the Fed statement drove yields up rapidly, soaring to 1.80% last Friday, an increase of 24 basis points in just five days. The sharp rise in interest rates poses a clear risk to the valuation premium of the longest-lived stocks (high growth but low profit margins), which, unsurprisingly, have undergone a sharp correction in the past few days and months.</p><p><img src=\"https://static.tigerbbs.com/8d4818e922957081b66eaf87787079d4\" tg-width=\"500\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Although it may not feel obvious,<b>However, the market capitalization-to-revenue ratio (price-to-sales ratio) of these stocks has shrunk from a peak of 15 times in February to 12 times in early November, and then to 7 times now.</b></p><p><img src=\"https://static.tigerbbs.com/63d7c8efaa536421af5d61a6ce86461c\" tg-width=\"500\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><h2>What are market expectations for US stocks as they enter earnings season?</h2>Taking all these factors into account, investors are awaiting the fourth quarter 2021 earnings season, which begins this week.<b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a>(BLK),<a href=\"https://laohu8.com/S/C\">Citi</a>(C),<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>and<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The company will release its Q4 2021 financial report on Friday, January 14.</b></p><p>According to Kostin's calculations,<b>Between January 10 and February 11, companies accounting for 79% of the market capitalization of the S&P 500 will release their year-end results.</b></p><p><img src=\"https://static.tigerbbs.com/cd6f78d092c6db2597bb932e81cba920\" tg-width=\"500\" tg-height=\"119\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The market generally expects the S&P 500's earnings per share to increase by 20% year-over-year in the fourth quarter of 2021, compared to 48% in the first quarter, 88% in the second quarter, and 39% in the third quarter of 2021. If the consensus expectations for the fourth quarter are met, it will represent a step towards the normalization of trend growth.</p><p>In all industries,<b>Energy stocks are expected to turn from negative to positive returns.</b>Compared to the fourth quarter of 2020, earnings per share for materials (+57%), industrial (+47%), and healthcare (+16%) are expected to increase.<b>The highest growth will be achieved, while earnings per share for finance (0%) and consumer staples (+3%) are expected to grow little.</b></p><p><img src=\"https://static.tigerbbs.com/9f6c5834450082774e462aa9eabe2b67\" tg-width=\"500\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Despite soaring inflation, net profit margins are expected to increase by nearly 100 basis points year-on-year to 11.5%, indicating that all and some of the increases in input prices have been passed on to consumers. On a four-quarter rolling basis, the profit margin will reach 12.1%. It is worth noting that the actual results for the third quarter were 70 basis points higher than analysts' forecasts at the start of the earnings season. The energy and materials sector is expected to see the largest increase in profit margins.</p><p><h2>Focus on three things: Omega, the job market, and Biden's \"Build Back Better\" bill.</h2>Goldman Sachs believes that investors will focus on three key areas during the fourth-quarter earnings season and in 2022:</p><p><b>1. Threats to economic growth, especially from the COVID-19 variant</b></p><p>The Omeprone variant poses new risks to economic activity because it is more transmissible and could drag down reopening. Goldman Sachs economists recently lowered their U.S. economic growth forecast from 4.2% to 3.5%, partly due to the impact of Omeprone. Every 1 percentage point change in GDP growth can translate into approximately $7 in S&P 500 earnings per share.</p><p><b>2. Expanding profit margins will be a tough battle for businesses in 2022, partly due to the continued tightness of the job market.</b></p><p>During the recent third-quarter earnings call, corporate management lamented a historic worker shortage, especially for low-paying jobs in the service sector. Goldman Sachs economists expect the pace of wage increases to eventually slow to around 4%, but this may take several quarters to achieve.</p><p>Last Friday's employment report showed that average hourly wages rose 4.7% year-on-year. Companies with high labor costs or those vulnerable to wage inflation face the greatest difficulty in maintaining profits. Since the beginning of the fourth quarter, companies with high and stable gross margins have outperformed companies with low and volatile gross margins by 12 percentage points (+4% versus -9%), but trading has reversed slightly in recent weeks. The chart below shows a list of stocks with high and stable gross profit margins.</p><p><img src=\"https://static.tigerbbs.com/bf6493061fa899d224a126c8d5940346\" tg-width=\"500\" tg-height=\"362\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In addition, one headwind to profit margin expansion may soon improve: the supply chain bottlenecks that plagued companies in 2021. During this period, the company's management adopted a combination of price increases and cost control measures to offset the impact of soaring raw material and transportation prices. Looking ahead to 2022, Goldman Sachs points out that market indicators measuring supply chain tightness appear to be slowly easing, and transportation costs have begun to decline in recent weeks.</p><p><b>3. The restart and eventual passage of Biden's \"Build Back Better\" bill will have a mixed impact on US stocks.</b></p><p>In late December, Senator Joe Manchin vetoed the draft legislation. Goldman Sachs estimates that if the bill passes this year, the corresponding tax reforms will reduce the earnings per share of the S&P 500 by 2-3% compared to the current tax policy, but the bill will not take effect until 2023 at the earliest. However, by then, the Democrats will no longer have an absolute majority in Congress, so everything will change.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US stock earnings season has kicked off; focus on these three things.</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\">\nUS stock earnings season has kicked off; focus on these three things.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-01-10 22:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The start of the year has undoubtedly been a bad one for U.S. stocks. As of last Friday, the S&P 500 was down 1.9% and the Nasdaq was down 3.5%, the biggest drop in the first week of the year since the bursting of the dot-com bubble in 2000.</p><p><img src=\"https://static.tigerbbs.com/a0d7f4e57f1692b89ef7ed0530a0875f\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Of course, the culprit behind the plunge was the Federal Reserve, whose correction last Wednesday coincided with the release of the hawkish December meeting minutes, which suggested that the Fed would not only accelerate its rate hike pace but also its shrinking balance sheet.</p><p>Last Friday's non-farm payrolls report showed that 199,000 new jobs were dismal compared to the 400,000 expected. However, this did not dispel hawkish expectations, as the unemployment rate, which was considered a completely meaningless statistic a few years ago, fell by 0.3% to 3.9% from 4.2% in November. Some investment banks expect the Federal Reserve to rate hike three to four times this year and to announce quantitative tightening early in the second half of the year.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>David Kostin, head of research at the Federal Reserve, pointed out that the Fed statement drove yields up rapidly, soaring to 1.80% last Friday, an increase of 24 basis points in just five days. The sharp rise in interest rates poses a clear risk to the valuation premium of the longest-lived stocks (high growth but low profit margins), which, unsurprisingly, have undergone a sharp correction in the past few days and months.</p><p><img src=\"https://static.tigerbbs.com/8d4818e922957081b66eaf87787079d4\" tg-width=\"500\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Although it may not feel obvious,<b>However, the market capitalization-to-revenue ratio (price-to-sales ratio) of these stocks has shrunk from a peak of 15 times in February to 12 times in early November, and then to 7 times now.</b></p><p><img src=\"https://static.tigerbbs.com/63d7c8efaa536421af5d61a6ce86461c\" tg-width=\"500\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><h2>What are market expectations for US stocks as they enter earnings season?</h2>Taking all these factors into account, investors are awaiting the fourth quarter 2021 earnings season, which begins this week.<b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a>(BLK),<a href=\"https://laohu8.com/S/C\">Citi</a>(C),<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>and<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The company will release its Q4 2021 financial report on Friday, January 14.</b></p><p>According to Kostin's calculations,<b>Between January 10 and February 11, companies accounting for 79% of the market capitalization of the S&P 500 will release their year-end results.</b></p><p><img src=\"https://static.tigerbbs.com/cd6f78d092c6db2597bb932e81cba920\" tg-width=\"500\" tg-height=\"119\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The market generally expects the S&P 500's earnings per share to increase by 20% year-over-year in the fourth quarter of 2021, compared to 48% in the first quarter, 88% in the second quarter, and 39% in the third quarter of 2021. If the consensus expectations for the fourth quarter are met, it will represent a step towards the normalization of trend growth.</p><p>In all industries,<b>Energy stocks are expected to turn from negative to positive returns.</b>Compared to the fourth quarter of 2020, earnings per share for materials (+57%), industrial (+47%), and healthcare (+16%) are expected to increase.<b>The highest growth will be achieved, while earnings per share for finance (0%) and consumer staples (+3%) are expected to grow little.</b></p><p><img src=\"https://static.tigerbbs.com/9f6c5834450082774e462aa9eabe2b67\" tg-width=\"500\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Despite soaring inflation, net profit margins are expected to increase by nearly 100 basis points year-on-year to 11.5%, indicating that all and some of the increases in input prices have been passed on to consumers. On a four-quarter rolling basis, the profit margin will reach 12.1%. It is worth noting that the actual results for the third quarter were 70 basis points higher than analysts' forecasts at the start of the earnings season. The energy and materials sector is expected to see the largest increase in profit margins.</p><p><h2>Focus on three things: Omega, the job market, and Biden's \"Build Back Better\" bill.</h2>Goldman Sachs believes that investors will focus on three key areas during the fourth-quarter earnings season and in 2022:</p><p><b>1. Threats to economic growth, especially from the COVID-19 variant</b></p><p>The Omeprone variant poses new risks to economic activity because it is more transmissible and could drag down reopening. Goldman Sachs economists recently lowered their U.S. economic growth forecast from 4.2% to 3.5%, partly due to the impact of Omeprone. Every 1 percentage point change in GDP growth can translate into approximately $7 in S&P 500 earnings per share.</p><p><b>2. Expanding profit margins will be a tough battle for businesses in 2022, partly due to the continued tightness of the job market.</b></p><p>During the recent third-quarter earnings call, corporate management lamented a historic worker shortage, especially for low-paying jobs in the service sector. Goldman Sachs economists expect the pace of wage increases to eventually slow to around 4%, but this may take several quarters to achieve.</p><p>Last Friday's employment report showed that average hourly wages rose 4.7% year-on-year. Companies with high labor costs or those vulnerable to wage inflation face the greatest difficulty in maintaining profits. Since the beginning of the fourth quarter, companies with high and stable gross margins have outperformed companies with low and volatile gross margins by 12 percentage points (+4% versus -9%), but trading has reversed slightly in recent weeks. The chart below shows a list of stocks with high and stable gross profit margins.</p><p><img src=\"https://static.tigerbbs.com/bf6493061fa899d224a126c8d5940346\" tg-width=\"500\" tg-height=\"362\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In addition, one headwind to profit margin expansion may soon improve: the supply chain bottlenecks that plagued companies in 2021. During this period, the company's management adopted a combination of price increases and cost control measures to offset the impact of soaring raw material and transportation prices. Looking ahead to 2022, Goldman Sachs points out that market indicators measuring supply chain tightness appear to be slowly easing, and transportation costs have begun to decline in recent weeks.</p><p><b>3. The restart and eventual passage of Biden's \"Build Back Better\" bill will have a mixed impact on US stocks.</b></p><p>In late December, Senator Joe Manchin vetoed the draft legislation. Goldman Sachs estimates that if the bill passes this year, the corresponding tax reforms will reduce the earnings per share of the S&P 500 by 2-3% compared to the current tax policy, but the bill will not take effect until 2023 at the earliest. However, by then, the Democrats will no longer have an absolute majority in Congress, so everything will change.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3649328\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{"BLK":"贝莱德","BK4550":"红杉资本持仓","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4566":"资本集团","GS":"高盛","BK4535":"淡马锡持仓","BK4552":"Archegos爆仓风波概念","BK4127":"投资银行业与经纪业","BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","C":"花旗","BK4207":"综合性银行","BK4135":"资产管理与托管银行"},"source_url":"https://wallstreetcn.com/articles/3649328","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2202739522","content_text":"今年的开年对美股来说无疑是糟糕的一年，截至上周五，标准普尔指数下跌了1.9%，纳斯达克指数下跌了3.5%，这是自2000年互联网泡沫破灭以来，开年第一周的最大跌幅。当然，暴跌的罪魁祸首是美联储，上周三的调整走势与鹰派的12月会议纪要的发布相吻合，该纪要暗示，美联储不仅将加快加息步伐，而且还将加快缩表。上周五的非农就业报告显示，19.9万的新增就业人数相对40万的预期而言较为惨淡，但这并没有打消鹰派的预期，因为几年前还被视为完全无意义的统计数字——失业率，从11月的4.2%下降到了3.9%，下降了0.3%。一些投行预计今年美联储将加息三到四次，并且将在下半年早些时候宣布量化紧缩。高盛的研究主管David Kostin指出，美联储声明推动收益率迅速走高，上周五飙升至1.80%，仅5天就上涨了24个基点；利率的急剧上升对最长久期股票（高增长但低利润率）的估值溢价构成了明显的风险，不出所料，这些股票在过去的几天以及过去的几个月里，都发生了剧烈的调整。虽然感觉可能不明显，但这些股票的市值营收比（市销率）已从2月的峰值15倍压缩到11月初的12倍，再到目前的7倍。美股迎来财报季 市场预期如何？考虑到所有这些因素，投资者正等待本周开始的2021年第四季度财报季，贝莱德（BLK）、花旗（C）、摩根大通和富国银行将于1月14日（周五）发布2021年第四季度财报。根据Kostin的计算，在1月10日至2月11日期间，占标准普尔500指数市值79%的公司将公布年终业绩。市场普遍预计2021年第四季度标准普尔500指数每股收益将同比增长20%，2021年前三季度依次为一季度48%、二季度88%和三季度39%。如果对第四季度的共识预期得以实现，这将代表着朝着趋势增长的正常化方向迈出了一步。在所有行业中，能源股预计将从负收益转为正收益。与2020年第四季度相比，材料(+57%)、工业(+47%)和医疗保健(+16%)的每股收益预计将实现最高增长，而金融(0%)和消费必需品(+3%)的每股收益预计几乎不会增长。尽管通胀飙升，但预计净利润率将同比增长近100个基点，至11.5%，这表明所有以及部分投入价格的上涨都已转嫁给了消费者。按四个季度滚动计算，利润率将达到12.1%。值得注意的是，第三季度的实际业绩比财报季开始时分析师的预测高出70个基点。预计能源和材料行业的利润率增幅最大。重点关注三件事：奥密克戎、就业市场、拜登“重建更好”法案高盛认为，投资者将在第四季度财报季和2022年重点关注三个方面事项：1、经济增长面临的威胁，特别是来自新冠变异病毒的威胁奥密克戎变异株给经济活动带来了新的风险，因为它具有更高的传播性，或将拖累重新开放。高盛经济学家最近将美国经济增长预测从4.2%下调至3.5%，部分原因是奥密克戎的影响。GDP增长中每1个百分点的变化可以转化为大约 7 美元的标准普尔500指数每股收益。2、2022年，扩大利润率对企业来说将是一场艰苦的战斗，部分原因是就业市场持续吃紧在最近的第三季度财报电话会议中，企业管理层对历史性的工人短缺感到遗憾，尤其是服务业的低薪岗位。高盛经济学家预计，工资上涨的步伐最终将放缓至4%左右，但这可能需要几个季度才能实现。上周五的就业报告显示，平均时薪同比增长4.7%。劳动力成本高或容易受到工资通胀影响的公司，在保持利润方面面临的困难最大。自四季度初以来，毛利率高且稳定的公司比毛利率低且波动的公司高出12个百分点（+4%对-9%），但最近几周交易略有逆转。下图显示了毛利率高且稳定的股票列表。此外，利润率扩张面临的一个不利因素可能很快会得到改善，那就是2021年困扰企业的供应链瓶颈问题。期间，企业管理层采取了价格上涨和成本控制相结合的措施，以抵消原材料和运输价格飙升的影响。展望2022年，高盛指出，衡量供应链紧张程度的市场指标似乎正在缓慢放松，运输成本近几周已开始下降。3、拜登的“重建更好”法案的重启和最终通过，将对美股产生好坏参半的影响去年12月底，参议员乔·曼钦(Joe Manchin)否决了该立法草案。高盛估计，如果该法案在今年通过，相应的税收改革将使标准普尔500指数的每股收益相对于当前的税收政策，降低减少2-3%，但该法案最早要到2023年才会生效。然而，到那时，民主党将不再在国会中拥有绝对多数，所以一切都将发生变化。","news_type":1,"symbols_score_info":{"GS":0.6,"BLK":1,"C":1}},"isVote":1,"tweetType":1,"viewCount":2344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006600288,"gmtCreate":1641697484125,"gmtModify":1676533640943,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006600288","repostId":"1147279991","repostType":4,"repost":{"id":"1147279991","kind":"news","weMediaInfo":{"introduction":"提供来自华尔街的观点，观察市场，提供独道的解读视角。","home_visible":1,"media_name":"老虎锐评","id":"1005414032","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641563858,"share":"https://ttm.financial/m/news/1147279991?lang=en_US&edition=fundamental","pubTime":"2022-01-07 21:57","market":"us","language":"zh","title":"Tiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.","url":"https://stock-news.laohu8.com/highlight/detail?id=1147279991","media":"老虎锐评","summary":"盘前观察美股盘前小跌，全球新冠确诊数超过3亿（美国贡献近20%，接近6,000万）。12月非农就业：新增就业不及预期，但失业率好于预期其实现在关注非农就业数据，多多少少有点鸡肋。对于市场参与者，关注宏","content":"<p><html><head></head><body><b>Pre-market observation</b></p><p>U.S. stocks fell slightly in pre-market trading as the number of confirmed COVID-19 cases worldwide exceeded 300 million (the U.S. contributed nearly 20%, approaching 60 million).</p><p><b>December non-farm payrolls: New jobs fell short of expectations, but the unemployment rate was better than expected.</b></p><p>In fact, focusing on non-farm payroll data now is somewhat useless. For market participants, the logic behind focusing on macroeconomic data is (1) focusing on the macroeconomy -> (2) inferring the Federal Reserve's monetary policy -> (3) judging market trends. In fact, this logical chain has never been very effective. (1) The quality of the macroeconomy is the basis for the Federal Reserve's monetary policy, but the relationship between the two keeps changing. (2) The relationship between the Federal Reserve’s monetary policy and market trends is even more blurred. The rate hike cycle market can rise, and the market can fall during the zero interest rate period. This is why fewer and fewer hedge funds on Wall Street are using \"macro strategies\" as their investment strategies, and the remaining \"macro strategy\" hedge funds have rather embarrassing returns.</p><p>The relationship between (2) and (3) was already very vague, and now the relationship between (1) and (2) is even more lacking. Regardless of the non-farm payroll data, the Federal Reserve's pace of tightening liquidity in rate hike will absolutely not change. This is why I say that focusing on non-farm payroll data now is somewhat useless for market participants.</p><p>December non-farm payrolls data showed new jobs of +199,000 (expected +450,000) and an unemployment rate of +3.9% (expected +4.1%).</p><p>Similar to the previous analysis of non-farm payroll data, the real highlights are the other two. The first point to watch is how the slowest-growing occupation among the unemployed, \"Leisure and Hospitality,\" is recovering. The second point to watch is whether the persistently low labor force participation rate has increased.</p><p>\"Leisure and Hospitality\" continued to grow in December, but the growth rate slowed down, just like in November. The data for December includes the impact of the pandemic. In general, after nearly two years of suffering from COVID-19, some restaurants/hotels/entertainment industries in the United States have chosen to close permanently, which is almost irreversible. To give an example known to Chinese people in New York, Jinfeng Grand Restaurant (with 800 seats), a dim sum restaurant that had existed in Chinatown for 28 years, chose to close permanently during this round of COVID-19.</p><p>The labor force participation rate remained the same as last month at 61.9%. The labor force participation rate has been slow to recover, indicating that labor costs remain high, which means that the CPI in December will not fall anytime soon. However, I still maintain that the CPI in the first quarter of this year will decline rapidly, just like the pandemic data.</p><p>In summary, while the unemployment rate was better than expected, other data were less than satisfactory. However, whether the data is good or bad cannot stop the Federal Reserve from releasing rate hike in March.</p><p><img src=\"https://static.tigerbbs.com/3202d6698fcff5cf78ea08a7ff55f2da\" tg-width=\"936\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p><b>Company News</b></p><p>Moderna (MRNA): CEO Bancel warns that the efficacy of booster shots may decline over time. People may need a fourth injection this fall to enhance protection. The CDC currently recommends two doses of the Moderna COVID-19 vaccine followed by a booster shot six months later.</p><p>Quidel (QDEL): Q4 revenue is expected to be $633 million to $637 million, exceeding market expectations of $466 million. The expected increase in revenue is mainly due to increased demand for COVID-19 testing and other disease testing.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA): The starting price of the US Model X Plaid has increased from $119,990 to $126,490. The reason is that other seating options for the model have been removed, all of which are specified as a six-seat configuration priced at $6,500, with deliveries expected to begin in October.</p><p>Tesla (TSLA): 15 Semi electric semi-trailers may be delivered to Pepsi (PEP) this month. Pepsi announced last March that it would receive the Tesla Semi electric semi-trailer, which Tesla began producing at its Nevada Gigafactory last December.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL): CEO Tim Cook's total compensation in 2021 was $98.7 million. A base salary of $3 million and stock-based compensation of $82.34 million will be awarded in time-based installments, including $37.5 million in time-based stock and $44.8 million in performance-based stock.</p><p>SONO: International Trade Commission Ruling<a href=\"https://laohu8.com/S/GOOG\">Google</a>(GOOGL) infringed on some of its audio patents for Nest speakers. Google said it plans to appeal the ruling.</p><p>T-Mobile (TMUS): Net paying subscribers increased by 844,000 in the fourth quarter, below market expectations of 868,000. The total number of new users in 2021 was approximately 2.9 million.</p><p><a href=\"https://laohu8.com/S/NYT\">New York times</a>(NYT): Announced The acquisition of sports news website The Athletic for $550 million. The Athletic has over 1 million subscribers, and The transaction is expected to close in The first quarter. The website will remain a standalone project thereafter. The New York Times currently has more than 8 million subscribers.</p><p><a href=\"https://laohu8.com/S/CZR\">Caesar Entertainment</a>(CZR) & DraftKings (DKNG): The New York State Gaming Commission announced that four companies can operate mobile sports betting businesses in New York. Caesars, DraftKings, FanDuel, and Rush Street Interactive can begin operating mobile sportsbooks on Saturday mornings.</p><p><b>other</b></p><p>There were 300,451,850 (+1,966,759) confirmed cases and 5,474,348 (+6,143) deaths worldwide.</p><p>The United States confirmed 58,487,940 (+610,989) cases and 833,989 (+1,404) deaths.</p><p>New York State has 3,890,666 (+84,202) confirmed cases and 60,166 (+130) deaths.</p><p>U.S. non-farm payrolls increased by 199,000 in December, compared to an expected 447,000 and a previous reading of 210,000.</p><p>The head of the U.S. CDC will hold a press conference at 11 a.m. after six of Biden's public health advisors from the presidential transition period published articles calling on the Biden administration to adopt new protest strategies to adapt to coexisting with the virus rather than completely eliminating it.</p><p>Federal Reserve Vice Chair Clarida's stock trading behavior in the early stages of the COVID-19 pandemic has sparked new controversy.</p><p><img src=\"https://static.tigerbbs.com/568899c19bad5bedd5f1532327af0500\" tg-width=\"937\" tg-height=\"89\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.</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\">\nTiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1005414032\">\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\">老虎锐评 </p>\n<p class=\"h-time smaller\">2022-01-07 21:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Pre-market observation</b></p><p>U.S. stocks fell slightly in pre-market trading as the number of confirmed COVID-19 cases worldwide exceeded 300 million (the U.S. contributed nearly 20%, approaching 60 million).</p><p><b>December non-farm payrolls: New jobs fell short of expectations, but the unemployment rate was better than expected.</b></p><p>In fact, focusing on non-farm payroll data now is somewhat useless. For market participants, the logic behind focusing on macroeconomic data is (1) focusing on the macroeconomy -> (2) inferring the Federal Reserve's monetary policy -> (3) judging market trends. In fact, this logical chain has never been very effective. (1) The quality of the macroeconomy is the basis for the Federal Reserve's monetary policy, but the relationship between the two keeps changing. (2) The relationship between the Federal Reserve’s monetary policy and market trends is even more blurred. The rate hike cycle market can rise, and the market can fall during the zero interest rate period. This is why fewer and fewer hedge funds on Wall Street are using \"macro strategies\" as their investment strategies, and the remaining \"macro strategy\" hedge funds have rather embarrassing returns.</p><p>The relationship between (2) and (3) was already very vague, and now the relationship between (1) and (2) is even more lacking. Regardless of the non-farm payroll data, the Federal Reserve's pace of tightening liquidity in rate hike will absolutely not change. This is why I say that focusing on non-farm payroll data now is somewhat useless for market participants.</p><p>December non-farm payrolls data showed new jobs of +199,000 (expected +450,000) and an unemployment rate of +3.9% (expected +4.1%).</p><p>Similar to the previous analysis of non-farm payroll data, the real highlights are the other two. The first point to watch is how the slowest-growing occupation among the unemployed, \"Leisure and Hospitality,\" is recovering. The second point to watch is whether the persistently low labor force participation rate has increased.</p><p>\"Leisure and Hospitality\" continued to grow in December, but the growth rate slowed down, just like in November. The data for December includes the impact of the pandemic. In general, after nearly two years of suffering from COVID-19, some restaurants/hotels/entertainment industries in the United States have chosen to close permanently, which is almost irreversible. To give an example known to Chinese people in New York, Jinfeng Grand Restaurant (with 800 seats), a dim sum restaurant that had existed in Chinatown for 28 years, chose to close permanently during this round of COVID-19.</p><p>The labor force participation rate remained the same as last month at 61.9%. The labor force participation rate has been slow to recover, indicating that labor costs remain high, which means that the CPI in December will not fall anytime soon. However, I still maintain that the CPI in the first quarter of this year will decline rapidly, just like the pandemic data.</p><p>In summary, while the unemployment rate was better than expected, other data were less than satisfactory. However, whether the data is good or bad cannot stop the Federal Reserve from releasing rate hike in March.</p><p><img src=\"https://static.tigerbbs.com/3202d6698fcff5cf78ea08a7ff55f2da\" tg-width=\"936\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p><b>Company News</b></p><p>Moderna (MRNA): CEO Bancel warns that the efficacy of booster shots may decline over time. People may need a fourth injection this fall to enhance protection. The CDC currently recommends two doses of the Moderna COVID-19 vaccine followed by a booster shot six months later.</p><p>Quidel (QDEL): Q4 revenue is expected to be $633 million to $637 million, exceeding market expectations of $466 million. The expected increase in revenue is mainly due to increased demand for COVID-19 testing and other disease testing.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA): The starting price of the US Model X Plaid has increased from $119,990 to $126,490. The reason is that other seating options for the model have been removed, all of which are specified as a six-seat configuration priced at $6,500, with deliveries expected to begin in October.</p><p>Tesla (TSLA): 15 Semi electric semi-trailers may be delivered to Pepsi (PEP) this month. Pepsi announced last March that it would receive the Tesla Semi electric semi-trailer, which Tesla began producing at its Nevada Gigafactory last December.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL): CEO Tim Cook's total compensation in 2021 was $98.7 million. A base salary of $3 million and stock-based compensation of $82.34 million will be awarded in time-based installments, including $37.5 million in time-based stock and $44.8 million in performance-based stock.</p><p>SONO: International Trade Commission Ruling<a href=\"https://laohu8.com/S/GOOG\">Google</a>(GOOGL) infringed on some of its audio patents for Nest speakers. Google said it plans to appeal the ruling.</p><p>T-Mobile (TMUS): Net paying subscribers increased by 844,000 in the fourth quarter, below market expectations of 868,000. The total number of new users in 2021 was approximately 2.9 million.</p><p><a href=\"https://laohu8.com/S/NYT\">New York times</a>(NYT): Announced The acquisition of sports news website The Athletic for $550 million. The Athletic has over 1 million subscribers, and The transaction is expected to close in The first quarter. The website will remain a standalone project thereafter. The New York Times currently has more than 8 million subscribers.</p><p><a href=\"https://laohu8.com/S/CZR\">Caesar Entertainment</a>(CZR) & DraftKings (DKNG): The New York State Gaming Commission announced that four companies can operate mobile sports betting businesses in New York. Caesars, DraftKings, FanDuel, and Rush Street Interactive can begin operating mobile sportsbooks on Saturday mornings.</p><p><b>other</b></p><p>There were 300,451,850 (+1,966,759) confirmed cases and 5,474,348 (+6,143) deaths worldwide.</p><p>The United States confirmed 58,487,940 (+610,989) cases and 833,989 (+1,404) deaths.</p><p>New York State has 3,890,666 (+84,202) confirmed cases and 60,166 (+130) deaths.</p><p>U.S. non-farm payrolls increased by 199,000 in December, compared to an expected 447,000 and a previous reading of 210,000.</p><p>The head of the U.S. CDC will hold a press conference at 11 a.m. after six of Biden's public health advisors from the presidential transition period published articles calling on the Biden administration to adopt new protest strategies to adapt to coexisting with the virus rather than completely eliminating it.</p><p>Federal Reserve Vice Chair Clarida's stock trading behavior in the early stages of the COVID-19 pandemic has sparked new controversy.</p><p><img src=\"https://static.tigerbbs.com/568899c19bad5bedd5f1532327af0500\" tg-width=\"937\" tg-height=\"89\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1c7221d934f1008e531bdf79c8cfe0ee","relate_stocks":{"518880":"黄金ETF华安","QQQ":"纳指100ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯","QID":"两倍做空纳斯达克指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","DDM":"2倍做多道指ETF-ProShares","SPY":"标普500ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4534":"瑞士信贷持仓","DJX":"1/100道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147279991","content_text":"盘前观察美股盘前小跌，全球新冠确诊数超过3亿（美国贡献近20%，接近6,000万）。12月非农就业：新增就业不及预期，但失业率好于预期其实现在关注非农就业数据，多多少少有点鸡肋。对于市场参与者，关注宏观数据的逻辑是（1）关注宏观经济->（2）推断美联储货币政策->（3）判断市场走势。其实这个逻辑链条一直以来都不太有效，（1）宏观经济好坏是美联储货币政策的依据，但两者的关系变来变去；（2）美联储货币政策和市场走势的关系就更模糊了，加息周期市场可以涨，0利率期间市场也可以跌。这也就是为何当下华尔街以“宏观策略”作为投资策略的对冲基金越来越少，而仅存的“宏观策略”对冲基金收益都比较尴尬。原来（2）->（3）的关系就很模糊，现在（1）->（2）的关系就更缺乏了。不管非农就业数据怎么样，美联储加息收紧流动性的步伐绝对不会改变。这就是我为何说现在关注非农就业数据，对于市场参与者有点鸡肋的原因。12月非农就业数据，新增就业+199,000（预期+450,000），失业率+3.9%（预期+4.1%）。和上次非农就业数据分析一样，其实真正的看点是另外两个。第一个看点，失业人口中增长最缓慢的职业“Leisure and Hospitality”（酒店餐馆服务业）恢复得怎么样？第二个看点，就是持续低迷的劳动参与率有没有提高。“Leisure and Hospitality”12月仍在增长，但增速和11月一样，慢下来了。12月的数据包含了疫情的影响。总的来说，经过近两年新冠的折磨，美国有的餐馆/酒店/娱乐行业已经选择了永久关门，这一点几乎不可逆。举一个纽约华人知道的例子，在唐人街存在了28年的早茶店金丰大酒楼（拥有800个座位），在这一轮新冠中选择了永久关门。劳动参与率和上个月一样，依旧是61.9%。劳动参与率迟迟不能恢复，就预示了劳动力成本依然贵，也就说明12月的CPI不会很快回落。不过我还是坚持认为，今年1季度的CPI，会迅速回落，和疫情数据一样。总结一下，尽管失业率比预期的好，但其它数据都不尽如人意。不过数据好或者不好，都不能阻挡美联储3月加息。公司新闻Moderna(MRNA)：CEO Bancel警告称，加强针的功效可能会随着时间推移而下降。人们可能需要在今年秋季注射第四针以增强保护。目前CDC建议注射两剂Moderna新冠疫苗6个月后注射加强针。Quidel(QDEL)：预计4季度营收$6.33亿至$6.37亿，高于市场预期$4.66亿。营收预期上涨主要受益于新冠检测和其他疾病检测的需求增加。特斯拉(TSLA)：美国Model X Plaid起价从$119,990升至$126,490。原因是取消了该车型的其他座椅配置选择，均规定为价格$6,500的6座配置，预计10月开始交付。特斯拉(TSLA)：本月或将向百事(PEP)交付15辆Semi电动半挂车。百事去年3月宣布将接收特斯拉Semi电动半挂车，特斯拉去年12月开始在内华达超级工厂生产这款车。苹果(AAPL)：CEO库克2021年总薪酬$9,870万。基本工资$300万，股票报酬$8,234万，将按时间分期授予，包括基于时间的股票$3,750万和基于绩效的股票$4,480万。索诺声(SONO)：国际贸易委员会裁定谷歌(GOOGL)侵犯了其Nest扬声器的部分音频专利。谷歌表示计划对该裁决提起上诉。T-Mobile(TMUS)：4季度付费用户净增844,000个，低于市场预期868,000个。2021年新增用户总数约为290万。纽约时报(NYT)：宣布以$5.5亿收购体育新闻网站The Athletic。The Athletic拥有超过100万订阅用户，预计交易会在1季度完成，后续该网站将仍是独立项目。目前纽约时报拥有超过800万订阅用户。凯撒娱乐(CZR) & DraftKings(DKNG)：纽约州博彩委员会宣布4家公司可在纽约开展移动端的体育博彩业务。凯撒、DraftKings、FanDuel和Rush Street Interactive可在周六上午开始运营移动端体育博彩。其它全球确诊300,451,850(+1,966,759)例，死亡5,474,348(+6,143)例。美国确诊58,487,940(+610,989)例，死亡833,989(+1,404)例。纽约州确诊3,890,666(+84,202)例，死亡60,166(+130)例。美国12月非农就业人口增加19.9万，预期44.7万，前值21万。美CDC主管将于11点召开新闻发布会，此前拜登6位在总统交接时期公共卫生顾问发表文章，呼吁拜登政府采取新的抗议策略，适应与病毒共存而非彻底消除病毒。美联储副主席Clarida在新冠疫情爆发初期的股票交易行为引发新的争议。","news_type":1,"symbols_score_info":{"518880":0.9,"QQQ":0.9,"PSQ":0.9,"MGCmain":0.9,"DJX":0.9,".IXIC":0.9,"SGCmain":0.9,"SImain":0.9,"SGUmain":0.9,"MNQmain":0.9,"SQQQ":0.9,".SPX":0.9,"TQQQ":0.9,"QLD":0.9,"NQmain":0.9,".DJI":0.9,"DDM":0.9,"QID":0.9,"SPY":0.9,"GCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008673999,"gmtCreate":1641439122837,"gmtModify":1676533615832,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008673999","repostId":"2201253667","repostType":4,"repost":{"id":"2201253667","kind":"highlight","pubTimestamp":1641423719,"share":"https://ttm.financial/m/news/2201253667?lang=en_US&edition=fundamental","pubTime":"2022-01-06 07:01","market":"hk","language":"zh","title":"Foreign media headlines: Fed hints at accelerating interest rate hikes and shrinking balance sheet actions","url":"https://stock-news.laohu8.com/highlight/detail?id=2201253667","media":"市场资讯","summary":"　　美联储周三公布了12月份联邦公开市场委员会货币政策会议的纪要文件。会议纪要显示，与会者指出，考虑到经济、劳动力市场和通胀前景，可能有必要提前或以快于此前预期的速度提高联邦基金利率。　　纪要显示，多数与会者认为，如果近期劳动力市场的改善步伐持续下去，加息条件可能会相对较快地得到满足。许多官员表示，缩表速度可快于上一个周期。","content":"<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. Federal Reserve Meeting Minutes: It may be necessary to rate hike shrinking balance sheet earlier or faster than in the previous cycle.</b><b>2. Morgan Stanley and Wells Fargo are betting on a major stock market rally in 2022, with rising interest rates boosting sector rotation.</b><b>3. ADP data shows that U.S. companies added the most jobs in seven months.</b><b>4. CES 2022: Giants intensify competition for the \"Metaverse\"</b><b>5、<a href=\"https://laohu8.com/S/C\">Citi</a>Analysts: The European energy crisis is a warning sign for the United States.</b><b>6. Electric vehicle startup Nikola and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Settlement drops $2 billion patent lawsuit</b><img src=\"https://static.tigerbbs.com/63a71c205cd5cd853db3a9bd508c3d62\" tg-width=\"500\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Federal Reserve meeting minutes: It may be necessary to rate hike shrinking balance sheet earlier or faster than in the previous cycle.</b></p><p>The Federal Reserve released the minutes of its December Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday. Meeting minutes show that participants noted that, given the economic, labor market, and inflation outlook, it may be necessary to increase Federal Funds rate earlier or at a faster pace than previously expected.</p><p>The minutes show that most participants believe that if the recent pace of improvement in the labor market continues, rate hike conditions may be met relatively quickly. Given rising inflationary pressures and a stronger labor market, participants believed that increased policy easing resulting from the current pace of net asset purchases was no longer necessary. Participants noted that the Committee should remain prepared to adjust the pace of bond purchases should the economic outlook change.</p><p>Participants also pointed out that it might be appropriate to begin shrinking the Federal Reserve's balance sheet in a relatively short period of time after increasing Federal Funds rate. Many officials say shrinking balance sheet could be faster than the previous cycle.</p><p>Regarding the pandemic, many participants pointed out that the COVID-19 pandemic, especially variants of the novel coronavirus, continues to pose downside risks to U.S. economic activity and upside risks to inflation. The emergence of the Omeprone strain has made the economic outlook more uncertain, but it is not yet believed that this will fundamentally change the path of the US economic recovery.</p><p><img src=\"https://static.tigerbbs.com/e505e4ebb02e2be27268661ddce996aa\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Morgan Stanley and Wells Fargo are betting on a major stock market rally in 2022, with rising interest rates boosting sector rotation.</b></p><p>With the bond market plummeting in the new year, Wall Street experts are doubling down on a major stock market rally in 2022: high-growth tech darlings will no longer dominate the market.</p><p>Because of the firm belief that the Federal Reserve will seriously tighten policy this year, inflation-adjusted yields will rise.<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Securities and<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>They are all advising clients to short high-tech companies that have benefited the most from the low-interest-rate era and instead invest in undervalued stocks that will benefit from the post-pandemic recovery.</p><p>Despite the spread of the omicron variant, the U.S. Treasury Bond market showed increased confidence in the business cycle this week, with the nominal 10-year Treasury Bond yield hitting a near six-week high of 1.65% on Tuesday and the real yield rising to -0.98%. Meanwhile, the Nasdaq 100 index fell 1.4%. Wells Fargo's basket of software-dominated stocks has fallen 6% this week, while a basket of stocks vulnerable to the pandemic has risen 5%.</p><p>In short, the first week of 2022 exposed long-standing concerns: rising bond yields are the lifeblood of overvalued companies. One of the biggest market rotations in years is unfolding.</p><p><img src=\"https://static.tigerbbs.com/2bf54d3e4aacb23370f4023f11ba25cc\" tg-width=\"550\" tg-height=\"313\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>ADP data shows that U.S. companies added the most jobs in seven months.</b></p><p>U.S. companies added the most jobs in seven months in December 2021, indicating that more Americans are returning to the labor market to fill a near-unprecedented number of vacant positions.</p><p>Data released Wednesday by the ADP Research Institute showed that business employment increased by 807,000 in December, compared to a downward revision of 505,000 in November. The median estimate obtained by the Bloomberg survey is an increase of 410,000.</p><p>This better-than-expected employment report may indicate that rising wages and improved working conditions are helping companies hire. Even so, if the recent worsening of the COVID-19 pandemic causes more people to give up activities such as travel and dining out, businesses will find it difficult to maintain operations, which may affect recruitment.</p><p>The U.S. Labor Department released its monthly employment report on Friday, which currently expects nonfarm payrolls to increase by 384,000 in December. ADP data is not always consistent with government data because of different measurement techniques.</p><p><img src=\"https://static.tigerbbs.com/9b5abc84cd260067bb035d8d2bed2e03\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>CES 2022: Giants intensify their competition for the \"Metaverse\"</b></p><p>On the 5th (early morning of the 6th Beijing time), CES, the world's largest home appliance and IT product exhibition, opened to the public in Las Vegas, USA. Against the backdrop of the pandemic, online shopping has continued to expand, and online meetings and remote work have also become widespread. What's even more noteworthy is the ability to experience the \"Metaverse,\" a virtual online space that is close to the real world. A wide range of services and the latest digital technologies that support them are attracting much attention.</p><p>A virtual space is a three-dimensional simulation space in which a user's avatar and avatar are gathered. Use virtual reality (VR) or augmented reality (AR) goggles to enjoy a highly immersive digital space experience.</p><p>Although the current focus is on games, with the continuous development of wearable devices and software that can affect the entire senses, people's ways of communicating, doing business, learning, and shopping will be completely changed. In October 2021, Facebook, the online communication services (SNS) giant, changed its company name to \"Meta\" and stated that it would make \"Metaverse\" its core business. Taking this as an opportunity, a global development competition began.</p><p>semiconductor giant<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>It was announced that \"Omniverse,\" an architecture software capable of creating more realistic virtual spaces, will be made available free of charge. With the ability to reproduce the reflection of gravity and light as in the real world, software developers can create and sell virtual content.</p><p><img src=\"https://static.tigerbbs.com/d176b1dae8ebfc3df97b9f4cfe2e0b0e\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Citi Analyst: European Energy Crisis is a Warning Signal for the United States</b></p><p>Ed Morse, global head of commodities research at Citigroup, said that looking at the energy crisis impacting European markets can help predict what will happen in the United States' transition to cleaner energy over the next 10 years.</p><p>“We are in the first crisis of the energy transition,” Morse said in an interview. Abandoning fossil fuels is \"a disruptive, disruptive event that will create discord both domestically and internationally—and it will also make significant progress.\"</p><p>Extreme volatility makes European gas prices unpredictable, Morse said. European natural gas prices surged to a record high in December before plummeting again later in December as U.S. gas ships flooded in. The market later rebounded due to Russian supply restrictions.</p><p><img src=\"https://static.tigerbbs.com/87080a563c88c79046557a8f48d95612\" tg-width=\"550\" tg-height=\"288\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Electric vehicle startup Nikola settles $2 billion patent lawsuit with Tesla</b></p><p>Electric vehicle startup Nikola reportedly dropped its patent lawsuit against rival Tesla today.</p><p>According to a joint filing in San Francisco federal court, the two companies have agreed to withdraw all lawsuits and countersuits against each other.</p><p>Back in 2018, Nikola sued Tesla, accusing it of copying several of its patented designs, including the designs of the U-shaped windshield, body, and side doors. In response, Nikola is seeking $2 billion in damages from Tesla.</p><p>Nikola also stated that the company released an electric semi-trailer truck in May 2016. A few months later, Tesla recruiters tried to poach the company's chief engineer.</p><p>Tesla, however, denied stealing the designs and filed a countersuit.</p><p></body></html></p>","source":"highlight_sina","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>Foreign media headlines: Fed hints at accelerating interest rate hikes and shrinking balance sheet actions</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\">\nForeign media headlines: Fed hints at accelerating interest rate hikes and shrinking balance sheet actions\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">市场资讯</strong><span class=\"h-time small\">2022-01-06 07:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. Federal Reserve Meeting Minutes: It may be necessary to rate hike shrinking balance sheet earlier or faster than in the previous cycle.</b><b>2. Morgan Stanley and Wells Fargo are betting on a major stock market rally in 2022, with rising interest rates boosting sector rotation.</b><b>3. ADP data shows that U.S. companies added the most jobs in seven months.</b><b>4. CES 2022: Giants intensify competition for the \"Metaverse\"</b><b>5、<a href=\"https://laohu8.com/S/C\">Citi</a>Analysts: The European energy crisis is a warning sign for the United States.</b><b>6. Electric vehicle startup Nikola and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Settlement drops $2 billion patent lawsuit</b><img src=\"https://static.tigerbbs.com/63a71c205cd5cd853db3a9bd508c3d62\" tg-width=\"500\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Federal Reserve meeting minutes: It may be necessary to rate hike shrinking balance sheet earlier or faster than in the previous cycle.</b></p><p>The Federal Reserve released the minutes of its December Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday. Meeting minutes show that participants noted that, given the economic, labor market, and inflation outlook, it may be necessary to increase Federal Funds rate earlier or at a faster pace than previously expected.</p><p>The minutes show that most participants believe that if the recent pace of improvement in the labor market continues, rate hike conditions may be met relatively quickly. Given rising inflationary pressures and a stronger labor market, participants believed that increased policy easing resulting from the current pace of net asset purchases was no longer necessary. Participants noted that the Committee should remain prepared to adjust the pace of bond purchases should the economic outlook change.</p><p>Participants also pointed out that it might be appropriate to begin shrinking the Federal Reserve's balance sheet in a relatively short period of time after increasing Federal Funds rate. Many officials say shrinking balance sheet could be faster than the previous cycle.</p><p>Regarding the pandemic, many participants pointed out that the COVID-19 pandemic, especially variants of the novel coronavirus, continues to pose downside risks to U.S. economic activity and upside risks to inflation. The emergence of the Omeprone strain has made the economic outlook more uncertain, but it is not yet believed that this will fundamentally change the path of the US economic recovery.</p><p><img src=\"https://static.tigerbbs.com/e505e4ebb02e2be27268661ddce996aa\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Morgan Stanley and Wells Fargo are betting on a major stock market rally in 2022, with rising interest rates boosting sector rotation.</b></p><p>With the bond market plummeting in the new year, Wall Street experts are doubling down on a major stock market rally in 2022: high-growth tech darlings will no longer dominate the market.</p><p>Because of the firm belief that the Federal Reserve will seriously tighten policy this year, inflation-adjusted yields will rise.<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Securities and<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>They are all advising clients to short high-tech companies that have benefited the most from the low-interest-rate era and instead invest in undervalued stocks that will benefit from the post-pandemic recovery.</p><p>Despite the spread of the omicron variant, the U.S. Treasury Bond market showed increased confidence in the business cycle this week, with the nominal 10-year Treasury Bond yield hitting a near six-week high of 1.65% on Tuesday and the real yield rising to -0.98%. Meanwhile, the Nasdaq 100 index fell 1.4%. Wells Fargo's basket of software-dominated stocks has fallen 6% this week, while a basket of stocks vulnerable to the pandemic has risen 5%.</p><p>In short, the first week of 2022 exposed long-standing concerns: rising bond yields are the lifeblood of overvalued companies. One of the biggest market rotations in years is unfolding.</p><p><img src=\"https://static.tigerbbs.com/2bf54d3e4aacb23370f4023f11ba25cc\" tg-width=\"550\" tg-height=\"313\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>ADP data shows that U.S. companies added the most jobs in seven months.</b></p><p>U.S. companies added the most jobs in seven months in December 2021, indicating that more Americans are returning to the labor market to fill a near-unprecedented number of vacant positions.</p><p>Data released Wednesday by the ADP Research Institute showed that business employment increased by 807,000 in December, compared to a downward revision of 505,000 in November. The median estimate obtained by the Bloomberg survey is an increase of 410,000.</p><p>This better-than-expected employment report may indicate that rising wages and improved working conditions are helping companies hire. Even so, if the recent worsening of the COVID-19 pandemic causes more people to give up activities such as travel and dining out, businesses will find it difficult to maintain operations, which may affect recruitment.</p><p>The U.S. Labor Department released its monthly employment report on Friday, which currently expects nonfarm payrolls to increase by 384,000 in December. ADP data is not always consistent with government data because of different measurement techniques.</p><p><img src=\"https://static.tigerbbs.com/9b5abc84cd260067bb035d8d2bed2e03\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>CES 2022: Giants intensify their competition for the \"Metaverse\"</b></p><p>On the 5th (early morning of the 6th Beijing time), CES, the world's largest home appliance and IT product exhibition, opened to the public in Las Vegas, USA. Against the backdrop of the pandemic, online shopping has continued to expand, and online meetings and remote work have also become widespread. What's even more noteworthy is the ability to experience the \"Metaverse,\" a virtual online space that is close to the real world. A wide range of services and the latest digital technologies that support them are attracting much attention.</p><p>A virtual space is a three-dimensional simulation space in which a user's avatar and avatar are gathered. Use virtual reality (VR) or augmented reality (AR) goggles to enjoy a highly immersive digital space experience.</p><p>Although the current focus is on games, with the continuous development of wearable devices and software that can affect the entire senses, people's ways of communicating, doing business, learning, and shopping will be completely changed. In October 2021, Facebook, the online communication services (SNS) giant, changed its company name to \"Meta\" and stated that it would make \"Metaverse\" its core business. Taking this as an opportunity, a global development competition began.</p><p>semiconductor giant<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>It was announced that \"Omniverse,\" an architecture software capable of creating more realistic virtual spaces, will be made available free of charge. With the ability to reproduce the reflection of gravity and light as in the real world, software developers can create and sell virtual content.</p><p><img src=\"https://static.tigerbbs.com/d176b1dae8ebfc3df97b9f4cfe2e0b0e\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Citi Analyst: European Energy Crisis is a Warning Signal for the United States</b></p><p>Ed Morse, global head of commodities research at Citigroup, said that looking at the energy crisis impacting European markets can help predict what will happen in the United States' transition to cleaner energy over the next 10 years.</p><p>“We are in the first crisis of the energy transition,” Morse said in an interview. Abandoning fossil fuels is \"a disruptive, disruptive event that will create discord both domestically and internationally—and it will also make significant progress.\"</p><p>Extreme volatility makes European gas prices unpredictable, Morse said. European natural gas prices surged to a record high in December before plummeting again later in December as U.S. gas ships flooded in. The market later rebounded due to Russian supply restrictions.</p><p><img src=\"https://static.tigerbbs.com/87080a563c88c79046557a8f48d95612\" tg-width=\"550\" tg-height=\"288\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Electric vehicle startup Nikola settles $2 billion patent lawsuit with Tesla</b></p><p>Electric vehicle startup Nikola reportedly dropped its patent lawsuit against rival Tesla today.</p><p>According to a joint filing in San Francisco federal court, the two companies have agreed to withdraw all lawsuits and countersuits against each other.</p><p>Back in 2018, Nikola sued Tesla, accusing it of copying several of its patented designs, including the designs of the U-shaped windshield, body, and side doors. In response, Nikola is seeking $2 billion in damages from Tesla.</p><p>Nikola also stated that the company released an electric semi-trailer truck in May 2016. A few months later, Tesla recruiters tried to poach the company's chief engineer.</p><p>Tesla, however, denied stealing the designs and filed a countersuit.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2022-01-06/doc-ikyakumx8576040.shtml\">市场资讯</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/63a71c205cd5cd853db3a9bd508c3d62","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓","BK4504":"桥水持仓"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2022-01-06/doc-ikyakumx8576040.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2201253667","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美联储会议纪要：可能有必要提前或更快加息 缩表速度可快于上一周期2、大摩和富国押注2022年股市大行情 利率上升助推板块轮动3、ADP数据显示美国企业新增就业人数为七个月来最多4、CES 2022：巨头们加码针对“Metaverse”的竞争5、花旗分析师：欧洲能源危机对美国是警示信号6、电动汽车初创公司Nikola与特斯拉和解 撤销20亿美元的专利诉讼美联储会议纪要：可能有必要提前或更快加息 缩表速度可快于上一周期美联储周三公布了12月份联邦公开市场委员会（FOMC）货币政策会议的纪要文件。会议纪要显示，与会者指出，考虑到经济、劳动力市场和通胀前景，可能有必要提前或以快于此前预期的速度提高联邦基金利率。纪要显示，多数与会者认为，如果近期劳动力市场的改善步伐持续下去，加息条件可能会相对较快地得到满足。鉴于通胀压力上升和劳动力市场走强，与会者认为，目前的净资产购买步伐所带来的政策宽松程度的增加不再是必要的。 与会者指出，如果经济前景发生变化，委员会应继续准备调整购债速度。与会者还指出，在开始提高联邦基金利率后，相对较短时间内开始缩减美联储资产负债表规模可能是合适的。许多官员表示，缩表速度可快于上一个周期。疫情方面，许多与会者指出，新冠疫情，特别变种新冠病毒，继续对美国经济活动构成下行风险，对通胀构成上行风险。奥密克戎毒株的出现使经济前景更加不确定，但还不认为这会从根本上改变美国经济复苏的路径。大摩和富国押注2022年股市大行情 利率上升助推板块轮动眼见新年债市大跌，华尔街的行家正在加倍押注2022年的一个股市大行情：高增长科技宠儿不再独领风骚。因为笃信美联储今年会认真收紧政策，通胀调整后收益率上升，富国银行证券和摩根士丹利都在建议客户做空那些低利率时代受益最大的高科技公司，转投将从疫后复苏中受益的低估值股票。尽管omicron变异株蔓延，但美国国债市场本周显示出对商业周期的信心增强，名义10年期国债收益率周二触及近六周高位1.65%，实际收益率也升至-0.98%。与此同时，纳斯达克100指数下跌1.4%。富国一个软件股为主的股票篮子本周已经下跌6%，而容易受疫情影响的一个股票篮子上涨了5%。一言以蔽之，2022年的第一周暴露了长久以来的担忧：债券收益率上升是高估值公司的命门。多年来最大的市场轮动之一正在展开。ADP数据显示美国企业新增就业人数为七个月来最多美国公司2021年12月增加的就业人数为七个月来最多，表明有越来越多美国人重返劳动力市场，填补着数量接近空前的空缺职位。ADP Research Institute周三发布的数据显示，12月企业就业人数增加80.7万，11月下修为增加50.5万。彭博调查得到的预期中值为增加41万。这份优于预期的就业报告可能显示了薪资上升和工作条件优化对企业招聘的帮助。即便如此，如果近期新冠疫情加重导致更多人放弃旅游和外出餐饮等活动，企业将难以维持经营，进而可能影响招聘。美国劳工部周五发布月度就业报告，目前预计12月非农就业增加38.4万。ADP数据并不总是与政府数据一致，因为衡量技术不同。CES 2022：巨头们加码针对“Metaverse”的竞争5日（北京时间6日凌晨），世界最大规模的家电IT商品展览会“CES”在美国拉斯维加斯向大众公开。疫情背景下，网络购物不断扩大，网络会议和远程办公也普及开来。在此基础上更受瞩目的是能够体验到接近现实世界的网络虚拟空间“Metaverse”。各种各样的服务和支撑服务的最新数字技术备受关注。虚拟空间是将用户的分身·化身聚集的三维模拟空间。使用虚拟现实（VR）或增强现实（AR）护目镜，可以享受沉浸感高的数字空间体验。虽然目前以游戏为中心，但随着能影响整个感官的穿戴器具和软件的开发不断推进，人们的交流、商务、学习、购物等形态将被彻底改变。网络交流服务（SNS）巨头脸书于2021年10月将公司名称变更为“Meta”，并表示将“Metaverse”作为核心事业，以此为契机，全球性的开发竞争开始了。半导体巨头英伟达宣布，将免费公开能够制作更真实的虚拟空间的架构软件“Omniverse”。具有像现实世界一样再现重力和光的反射的功能，软件开发商可以制作并销售虚拟内容。花旗分析师：欧洲能源危机对美国是警示信号花旗集团大宗商品研究全球主管Ed Morse表示，看看冲击欧洲市场的能源危机，可以预判美国未来10年向更清洁能源转型过程中会发生什么。“我们正处于能源转型的第一个危机中，”Morse在接受采访时说。放弃使用化石燃料是“一个破坏性、颠覆性的事件，它将在国内和国际上造成不和谐——它也将取得巨大进展。”Morse说，极端的波动性使得欧洲天然气价格无法预测。欧洲天然气价格12月份曾飙升至纪录高点，之后随着美国天然气船队蜂拥而至，在12月晚些时候又暴跌。由于俄罗斯限制供应，市场之后反弹。电动汽车初创公司Nikola与特斯拉和解 撤销20亿美元的专利诉讼据报道，电动汽车初创公司Nikola（尼古拉）今日撤销了对竞争对手特斯拉的专利诉讼。据提交给旧金山联邦法院的一份联合文件，两家公司已同意撤回针对彼此的所有诉讼和反诉讼。早在2018年，Nikola就起诉特斯拉，指控特斯拉抄袭了其数项专利设计，包括U型挡风玻璃、车身和侧门的设计。为此，Nikola向特斯拉索赔20亿美元。Nikola还称，该公司于2016年5月发布了一款电动半挂卡车。几个月后，特斯拉招聘人员就试图挖走该公司的首席工程师。而特斯拉则否认窃取了这些设计，并提出了反诉。","news_type":1,"symbols_score_info":{".DJI":1,".IXIC":1,"SPY":1}},"isVote":1,"tweetType":1,"viewCount":2141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001649684,"gmtCreate":1641252072668,"gmtModify":1676533587555,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"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/9001649684","repostId":"2200428519","repostType":4,"isVote":1,"tweetType":1,"viewCount":1960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003836896,"gmtCreate":1640921381407,"gmtModify":1676533555514,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003836896","repostId":"1131575476","repostType":4,"isVote":1,"tweetType":1,"viewCount":1702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003018721,"gmtCreate":1640824429922,"gmtModify":1676533544797,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003018721","repostId":"2195430367","repostType":4,"isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009182966,"gmtCreate":1640568917582,"gmtModify":1676533526267,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"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/9009182966","repostId":"1134513547","repostType":4,"isVote":1,"tweetType":1,"viewCount":1900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000716577,"gmtCreate":1640306289141,"gmtModify":1676533515343,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/GDX\">$黄金矿业ETF(Market Vectors)(GDX)$</a>gogogo","listText":"<a href=\"https://ttm.financial/S/GDX\">$黄金矿业ETF(Market Vectors)(GDX)$</a>gogogo","text":"$黄金矿业ETF(Market Vectors)(GDX)$gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000716577","repostId":"2193206128","repostType":4,"repost":{"id":"2193206128","kind":"highlight","pubTimestamp":1640303039,"share":"https://ttm.financial/m/news/2193206128?lang=en_US&edition=fundamental","pubTime":"2021-12-24 07:43","market":"hk","language":"zh","title":"Contradicting Biden, traders say US inflation will be higher next year.","url":"https://stock-news.laohu8.com/highlight/detail?id=2193206128","media":"华尔街见闻","summary":"美国11月CPI同比增长6.8%，和本周四公布的美联储青睐通胀指标PCE物价指数11月均创1982年来最高增速。交易员称，美联储正在把通胀风险置于比经济下行风险还重要的位置。","content":"<p>Although Biden vowed nearly two weeks ago that U.S. inflation had peaked, some market participants are less optimistic.</p><p>Traders who accurately predicted rising bond market inflation expectations this year—<a href=\"https://laohu8.com/S/BIRG.UK\">Irish Bank</a>Semin Soher Power, head of the Inflation Trading Room in Dublin, predicts that U.S. inflation will rise further due to economic growth, and inflation levels in the first half of next year may exceed most analysts' expectations.</p><p>Power predicts that the U.S. CPI will rise by more than 7% year-on-year in the first quarter of next year, higher than the 6.8% growth rate in November and also higher than the median estimate of 6.3% for the first quarter by analysts surveyed by Bloomberg.</p><p>Power believes that inflationary pressures \"are now driven more by economic growth,\" not simply by rising energy prices or an economic restart. Both markets and central banks are aware of this, so the Federal Reserve no longer uses the term \"temporary\" to describe inflationary pressures. Power said:</p><p>\"The central bank is changing its response mechanism, placing inflation risks in a more important position than the economic downside risks also caused by the Omega epidemic.\" Both indicators released the week before last highlighted the soaring inflation trend in the United States: the PPI rose 9.6% year-on-year in November, the highest growth rate on record; The CPI rose 6.8% year-on-year in November, the highest growth rate since 1982.</p><p>As previously mentioned in a Wall Street Insights article, on the same day the November CPI was released, on the 10th of this month, Biden commented that price increases had peaked, saying that half of the price increases in the November CPI came from automobile and energy costs. After that, prices in these two areas began to decline, and prices would slow down faster than expected.</p><p>Earlier this Thursday, the Federal Reserve's preferred inflation indicators—the PCE price index and the core PCE price index—rose 5.7% and 4.7% year-on-year in November, respectively, both higher than the October growth rate and both reaching their highest growth rates since 1982. The U.S. 5-year break-even inflation rate, also known as the break-even inflation rate, which reflects market expectations for inflation over the next five years, is currently about 2.76%, higher than the Federal Reserve's long-term inflation target of 2%.</p><p><img src=\"https://static.tigerbbs.com/9ddcd451bfa23f37cc103557bbcc31a4\" tg-width=\"995\" tg-height=\"572\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following its meeting last Wednesday, the Federal Reserve announced it would accelerate Taper, reducing bond purchases by $30 billion per month starting in January next year, double the level of reduced bond purchases in November and December this year. The post-meeting resolution statement removed the claim that inflation originated from \"temporary\" factors and replaced it with \"pandemic-related supply and demand imbalances and the resumption of work have continued to contribute to high levels of inflation.\" In its updated economic outlook, it raised its PCE inflation forecast for the next three years.</p><p>At the post-meeting press conference, Federal Reserve Chairman Jerome Powell said that high inflation in the United States forced the Fed to accelerate its tapering, and that the Fed's policy framework did not anticipate such high inflation. He also said that the Federal Reserve has significantly raised its inflation forecast for next year, and that U.S. inflation could become more stubborn, which is a real risk.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Contradicting Biden, traders say US inflation will be higher next year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContradicting Biden, traders say US inflation will be higher next year.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-12-24 07:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Although Biden vowed nearly two weeks ago that U.S. inflation had peaked, some market participants are less optimistic.</p><p>Traders who accurately predicted rising bond market inflation expectations this year—<a href=\"https://laohu8.com/S/BIRG.UK\">Irish Bank</a>Semin Soher Power, head of the Inflation Trading Room in Dublin, predicts that U.S. inflation will rise further due to economic growth, and inflation levels in the first half of next year may exceed most analysts' expectations.</p><p>Power predicts that the U.S. CPI will rise by more than 7% year-on-year in the first quarter of next year, higher than the 6.8% growth rate in November and also higher than the median estimate of 6.3% for the first quarter by analysts surveyed by Bloomberg.</p><p>Power believes that inflationary pressures \"are now driven more by economic growth,\" not simply by rising energy prices or an economic restart. Both markets and central banks are aware of this, so the Federal Reserve no longer uses the term \"temporary\" to describe inflationary pressures. Power said:</p><p>\"The central bank is changing its response mechanism, placing inflation risks in a more important position than the economic downside risks also caused by the Omega epidemic.\" Both indicators released the week before last highlighted the soaring inflation trend in the United States: the PPI rose 9.6% year-on-year in November, the highest growth rate on record; The CPI rose 6.8% year-on-year in November, the highest growth rate since 1982.</p><p>As previously mentioned in a Wall Street Insights article, on the same day the November CPI was released, on the 10th of this month, Biden commented that price increases had peaked, saying that half of the price increases in the November CPI came from automobile and energy costs. After that, prices in these two areas began to decline, and prices would slow down faster than expected.</p><p>Earlier this Thursday, the Federal Reserve's preferred inflation indicators—the PCE price index and the core PCE price index—rose 5.7% and 4.7% year-on-year in November, respectively, both higher than the October growth rate and both reaching their highest growth rates since 1982. The U.S. 5-year break-even inflation rate, also known as the break-even inflation rate, which reflects market expectations for inflation over the next five years, is currently about 2.76%, higher than the Federal Reserve's long-term inflation target of 2%.</p><p><img src=\"https://static.tigerbbs.com/9ddcd451bfa23f37cc103557bbcc31a4\" tg-width=\"995\" tg-height=\"572\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following its meeting last Wednesday, the Federal Reserve announced it would accelerate Taper, reducing bond purchases by $30 billion per month starting in January next year, double the level of reduced bond purchases in November and December this year. The post-meeting resolution statement removed the claim that inflation originated from \"temporary\" factors and replaced it with \"pandemic-related supply and demand imbalances and the resumption of work have continued to contribute to high levels of inflation.\" In its updated economic outlook, it raised its PCE inflation forecast for the next three years.</p><p>At the post-meeting press conference, Federal Reserve Chairman Jerome Powell said that high inflation in the United States forced the Fed to accelerate its tapering, and that the Fed's policy framework did not anticipate such high inflation. He also said that the Federal Reserve has significantly raised its inflation forecast for next year, and that U.S. inflation could become more stubborn, which is a real risk.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3648082\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415","relate_stocks":{".SPX":"S&P 500 Index","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","UDOW":"三倍做多道指30ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","BK4559":"巴菲特持仓","BK4504":"桥水持仓","BK4550":"红杉资本持仓","TQQQ":"纳指三倍做多ETF","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100","SH":"做空标普500-Proshares","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares",".IXIC":"NASDAQ Composite","PSQ":"做空纳斯达克100指数ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4534":"瑞士信贷持仓",".DJI":"道琼斯","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares"},"source_url":"https://wallstreetcn.com/articles/3648082","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193206128","content_text":"虽然拜登将近两周前信誓旦旦地说美国的通胀率已经达到顶峰，但一些市场人士不这么乐观。\n准确预测了今年债市通胀预期上升的交易员——爱尔兰银行位于都柏林的通胀交易室负责人Semin Soher Power预测，美国的通胀率将因经济增长而进一步上升，明年上半年的通胀水平可能超出大多数分析师的预期。\nPower预计，明年一季度美国CPI同比涨幅将超过7%，高于11月的增速6.8%，也高于彭博调查的分析师对一季度增速预估中值6.3%。\nPower认为，通胀压力“现在更多是由经济增长带来的”，不单纯源于能源价格上涨或经济重启。市场和央行都在意识到这一点，因此，美联储不再用“暂时性”来描述通胀压力。Power说：\n\n “央行正在改变反应机制，相比同样由奥密克戎疫情造成的经济下行风险，正把通胀风险置于更重要的位置。”\n\n上上周公布的两项指标都凸显了美国通胀爆表的态势：PPI 11月同比增长9.6%，创有纪录以来最高增速；CPI 11月同比增长6.8%，创1982年来最高增速。\n华尔街见闻此前文章提到，就在11月CPI公布当天、本月10日，拜登发出了物价上涨已见顶的评论，称11月CPI一半的物价增长源于汽车和能源成本，在那之后，这两个领域的价格开始下滑，物价会比大家预期的更快放慢增长。\n而本周四稍早公布的美联储青睐通胀指标——PCE物价指数和核心PCE物价指数11月分别同比上涨5.7%和4.7%，不但都高于10月增速，而且均创1982年来最高增速。反映市场对未来五年通胀预期的美国5年期盈亏平衡通胀率、又称平准通胀率目前约为2.76%，高于美联储的长期通胀目标水平2%。\n\n上周三美联储会后宣布加快Taper，从明年1月起每月减少购债300亿美元，较今年11月和12月少购债水平提高一倍。会后决议声明删除了通胀源于“暂时”因素的说辞，改称“疫情相关的供需失衡和经济复工已经继续助长通胀处于高水平”。并在更新的经济展望中上调了今明后三年的PCE通胀预期。\n会后新闻发布会上，美联储主席鲍威尔表示，美国通胀偏高，迫使美联储Taper提速，联储的政策框架未预料到这样高的通胀。他还说，联储非常明显地上调了明年的通胀预期，美国通胀可能会变得更加顽固，这是一个实实在在的风险。","news_type":1,"symbols_score_info":{"SDS":0.9,"QLD":0.9,"SDOW":0.9,"QID":0.9,"SH":0.9,"SPXU":0.9,".SPX":0.9,"UPRO":0.9,"SPY":0.9,"SSO":0.9,"UDOW":0.9,"MNQmain":0.9,".IXIC":0.9,"SQQQ":0.9,".DJI":0.9,"QQQ":0.9,"PSQ":0.9,"NQmain":0.9,"OEF":0.9,"TQQQ":0.9,"OEX":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000277550,"gmtCreate":1640223524205,"gmtModify":1676533509077,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000277550","repostId":"2193113417","repostType":4,"repost":{"id":"2193113417","kind":"news","pubTimestamp":1640216577,"share":"https://ttm.financial/m/news/2193113417?lang=en_US&edition=fundamental","pubTime":"2021-12-23 07:42","market":"us","language":"zh","title":"Novavax claims its vaccine is broadly immune to variant viruses such as Omeprone.","url":"https://stock-news.laohu8.com/highlight/detail?id=2193113417","media":"华尔街见闻","summary":"美东时间22日周三美股盘后，美国生物科技公司诺瓦瓦克斯公布，初步试验数据显示，针对奥密克戎及其他目前传播的变异毒株，该公司研发的新冠病毒疫苗可以产生广泛的免疫作用。诺瓦瓦克斯称，在完成共计两针的该司疫苗注射六个月后，若接种者再打第三针加强针，对上述新冠变异病毒的免疫效果还会加强。公布试验发现后，诺瓦瓦克斯股价盘后先跳水，跌幅一度超过8%，而后转涨，涨幅曾超过3%。","content":"<p>Novavax also stated that a third booster dose of the vaccine would enhance the immune effect against these COVID-19 variants. Its stock price initially fell by more than 8% in after-hours trading, but then rebounded, with gains exceeding 3%. After the US stock market closed on Wednesday, the 22nd, Eastern Time, US biotechnology companies...<a href=\"https://laohu8.com/S/NVAX\">Novavax</a>According to preliminary test data, the company's COVID-19 vaccine can produce broad immune effects against Omeprone and other currently circulating variants.</p><p>Novavax stated that six months after completing a total of two doses of its vaccine, if recipients receive a third booster shot, the immune effect against the aforementioned COVID-19 variant will be further enhanced. Gregory M. Glenn, R&D President of Novavax, said in the announcement,</p><p>\"We are encouraged that the enhanced (immune) response to all variant viruses is relative to the high vaccine efficacy associated with those (viruses) in our Phase III clinical trials. This means that (our company's COVID-19 vaccine) NVX-CoV2373 can play an important role in the current fight against new variant viruses.\" The announcement also stated that, given the continued evolution of the novel coronavirus, the development of an Omeprone vaccine may be necessary. Novakex's Omeprone vaccine will soon enter the production phase in compliance with Good Manufacturing Practices, and clinical studies are expected to begin in the first quarter of next year.</p><p>After the test findings were announced, Novavax's stock price plummeted in after-hours trading, with a drop of more than 8% at one point, before rebounding, with a rise of more than 3% at one point.</p><p><img src=\"https://static.tigerbbs.com/f3cf10bf95f8ce9a05ce0123b6643d02\" tg-width=\"1044\" tg-height=\"643\" referrerpolicy=\"no-referrer\"></p>","source":"sina_symbol","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>Novavax claims its vaccine is broadly immune to variant viruses such as Omeprone.</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\">\nNovavax claims its vaccine is broadly immune to variant viruses such as Omeprone.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-12-23 07:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Novavax also stated that a third booster dose of the vaccine would enhance the immune effect against these COVID-19 variants. Its stock price initially fell by more than 8% in after-hours trading, but then rebounded, with gains exceeding 3%. After the US stock market closed on Wednesday, the 22nd, Eastern Time, US biotechnology companies...<a href=\"https://laohu8.com/S/NVAX\">Novavax</a>According to preliminary test data, the company's COVID-19 vaccine can produce broad immune effects against Omeprone and other currently circulating variants.</p><p>Novavax stated that six months after completing a total of two doses of its vaccine, if recipients receive a third booster shot, the immune effect against the aforementioned COVID-19 variant will be further enhanced. Gregory M. Glenn, R&D President of Novavax, said in the announcement,</p><p>\"We are encouraged that the enhanced (immune) response to all variant viruses is relative to the high vaccine efficacy associated with those (viruses) in our Phase III clinical trials. This means that (our company's COVID-19 vaccine) NVX-CoV2373 can play an important role in the current fight against new variant viruses.\" The announcement also stated that, given the continued evolution of the novel coronavirus, the development of an Omeprone vaccine may be necessary. Novakex's Omeprone vaccine will soon enter the production phase in compliance with Good Manufacturing Practices, and clinical studies are expected to begin in the first quarter of next year.</p><p>After the test findings were announced, Novavax's stock price plummeted in after-hours trading, with a drop of more than 8% at one point, before rebounding, with a rise of more than 3% at one point.</p><p><img src=\"https://static.tigerbbs.com/f3cf10bf95f8ce9a05ce0123b6643d02\" tg-width=\"1044\" tg-height=\"643\" referrerpolicy=\"no-referrer\"></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/2021-12-23/doc-ikyakumx5795088.shtml\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6e474d690ea02c536f0fd4c03fc3ddef","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-12-23/doc-ikyakumx5795088.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193113417","content_text":"诺瓦瓦克斯还称，若再打第三针疫苗加强针，对这些新冠变异病毒的免疫效果会加强。其股价盘后先一度跌超8%，而后转涨，涨幅曾超过3%。\n\n美东时间22日周三美股盘后，美国生物科技公司诺瓦瓦克斯公布，初步试验数据显示，针对奥密克戎及其他目前传播的变异毒株，该公司研发的新冠病毒疫苗可以产生广泛的免疫作用。\n诺瓦瓦克斯称，在完成共计两针的该司疫苗注射六个月后，若接种者再打第三针加强针，对上述新冠变异病毒的免疫效果还会加强。诺瓦瓦克斯的研发总裁Gregory M． Glenn在公告中表示，\n\n “让我们感到鼓舞的是，对所有变异病毒的加强（免疫）反应是相对我们第三期临床试验中那些（病毒）相关的高疫苗效果而言的。这意味着，（我司新冠疫苗）NVX-CoV2373可以在当前对新变异病毒的抗疫过程中发挥重要作用。”\n\n公告还称，鉴于新冠病毒在持续演化，研发一种奥密克戎的疫苗可能是必要的。诺瓦克克斯的奥密克戎疫苗将很快进入遵守生产质量管理规范的生产阶段，预计明年第一季度开始进行临床研究。\n公布试验发现后，诺瓦瓦克斯股价盘后先跳水，跌幅一度超过8%，而后转涨，涨幅曾超过3%。","news_type":1,"symbols_score_info":{"NVAX":0.9}},"isVote":1,"tweetType":1,"viewCount":2450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000657959,"gmtCreate":1640175239721,"gmtModify":1676533504865,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000657959","repostId":"1143584906","repostType":4,"repost":{"id":"1143584906","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1640174423,"share":"https://ttm.financial/m/news/1143584906?lang=en_US&edition=fundamental","pubTime":"2021-12-22 20:00","market":"sh","language":"zh","title":"The cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!","url":"https://stock-news.laohu8.com/highlight/detail?id=1143584906","media":"Wind万得","summary":"12月22日，网络安全板块盘中上涨，截止收盘涨幅达到0.85%，盘中太极股份、中孚信息、安恒信息等出现拉升。消息面上，上海市经信委介绍，上海发布网络安全产业3年行动计划，支持网络安全业务在沪运营，带动","content":"<p>On December 22, the cybersecurity sector rose intraday, closing up 0.85%.<a href=\"https://laohu8.com/S/002368\">Taiji Shares</a>、<a href=\"https://laohu8.com/S/300659\">Zhongfu Information</a>、<a href=\"https://laohu8.com/S/688023\">Anheng Information</a>When a price surge occurs. In terms of news, the Shanghai Municipal Commission of Economy and Information Technology announced that Shanghai has released a three-year action plan for the cybersecurity industry to support the operation of cybersecurity businesses in Shanghai and drive the development of the industrial chain.</p><p><b>Shanghai releases cybersecurity action plan, aiming to double the scale of target industries to over 25 billion yuan.</b></p><p>On December 21, the Shanghai Municipal Commission of Economy and Information Technology and other departments jointly issued the \"Shanghai Action Plan for Building a Cybersecurity Industry Innovation Hub (2021-2023),\" which aims to promote the transformation and upgrading of technical services, continuously deepen the open guidance of scenario demand, focus on building collaborative innovation platforms to support, and make every effort to build an industrial ecosystem system.</p><p>The plan points out that by 2023, the scale of the city's cybersecurity industry will double to more than 25 billion yuan, with a compound annual growth rate of more than 25%, accounting for more than 10% of the national industry scale, cultivating 10 leading enterprises in the industry, driving the growth of related industries to more than 250 billion yuan, and basically building an industrial innovation hub with national influence.</p><p>It will also focus on next-generation communication security, data security, cloud computing security, biometric security, and vulnerabilities.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>In areas such as governance, we will carry out research on core cybersecurity technologies. Promote the integrated application of new technologies such as cloud computing, big data, artificial intelligence, blockchain, and quantum computing in the field of cybersecurity. Accelerate technological research and development innovation in key areas. Lead the innovation direction of cybersecurity services and improve the cybersecurity service industry system.</p><p><b>The cybersecurity industry is developing rapidly; a comprehensive overview of the industry chain.</b></p><p>Network information security is a comprehensive discipline involving multiple disciplines such as computer science, network technology, communication technology, cryptography, information security technology, applied mathematics, number theory, and information theory. It mainly refers to the fact that the hardware, software and data in the network system are protected from damage, alteration or leakage due to accidental or malicious reasons, the system operates continuously, reliably and normally, and network services are uninterrupted.</p><p>From the perspective of industrial development, network information security has gone through the era of communication encryption, the era of standalone machines, the era of information technology, and now the digital era.<a href=\"https://laohu8.com/S/601456\">Guolian Securities</a>It is stated that the cybersecurity industry was previously dominated by compliance needs, but now, with network protection operations and increasingly serious cyberattacks, industry needs have shifted from compliance needs to practical defense needs.</p><p>Ping An Securities believes that the acceleration of online and cloud computing has made the boundaries of security more blurred; The development of the Industrial Internet and intelligent manufacturing has also exposed security risks in the field of industrial control. The rapid accumulation of data assets brought about by industrial digitalization is shifting the focus of security protection towards data security. Meanwhile, domestic cybersecurity regulations are becoming increasingly stringent, with cybersecurity laws, regulations, and industry standards being introduced intensively. In particular, the requirements for protection in new security areas, such as data security and vehicle networking security, are becoming more stringent. The domestic cybersecurity industry is also adapting to changes, accelerating investment in technology research and development, and focusing on new security fields, and its high prosperity will continue.</p><p><b>Cybersecurity Industry Chain Overview:</b></p><p>Upstream: basic hardware, basic software, basic capabilities, etc. It mainly covers operating systems, chips, algorithms, etc. The upstream sector is relatively mature, with rapid product updates, mainly from established global manufacturers.</p><p>Midstream: information security products and services. It mainly covers security equipment, security software, security services, security integration, etc. There are many sub-sectors in the midstream industry, and the competitive landscape is relatively dispersed.</p><p>Downstream: Service targets and application areas. The service targets are mainly governments, enterprises, and individuals; Application areas mainly cover cloud computing, Internet of Things, etc. Downstream industries are heavily influenced by policies and demand.</p><p><img src=\"https://static.tigerbbs.com/1686bd1b34de754e71d9e5ebe6448ed7\" tg-width=\"796\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p><p><b>Nearly 20% of cybersecurity companies have doubled their net profits, and industry concentration is expected to increase.</b></p><p>According to Wind data, in terms of market capitalization, there are 39 listed companies in the A-share market that belong to the cybersecurity concept, of which 19 have a market capitalization of over 10 billion yuan, accounting for 48.72%. There are four listed companies in the industry with a market capitalization exceeding 50 billion yuan, namely:<a href=\"https://laohu8.com/S/601360\">360</a>、<a href=\"https://laohu8.com/S/300454\">Sangfor</a>、<a href=\"https://laohu8.com/S/600845\">Baoxin Software</a>and<a href=\"https://laohu8.com/S/688561\">Qi An Xin</a>-U, with 360 ranking first with a total market capitalization of 88.531 billion yuan.<a href=\"https://laohu8.com/S/000977\">Wave Information</a>、<a href=\"https://laohu8.com/S/002268\">Weishitong</a>、<a href=\"https://laohu8.com/S/000066\">The Great Wall of China</a>、<a href=\"https://laohu8.com/S/002439\">Rising Star</a>、<a href=\"https://laohu8.com/S/002212\">Topsec</a>Fifteen other listed companies have a market capitalization exceeding 10 billion yuan.</p><p>In terms of performance, 20 companies achieved growth in net profit attributable to the parent company in the first three quarters of this year, accounting for 51.28%. Among them, 7 listed companies doubled their net profit attributable to the parent company, accounting for 17.95%, respectively.<a href=\"https://laohu8.com/S/300077\">National technology</a>、<a href=\"https://laohu8.com/S/688168\">Anbotong</a>、<a href=\"https://laohu8.com/S/300379\">Dongfangtong</a>China Great Wall, Inspur Information, Weishitong<a href=\"https://laohu8.com/S/688201\">Xin'an Century</a>。 Among them, National Technology ranked first with a net profit growth rate attributable to the parent company of 1512.94% in the first three quarters of this year.</p><p>In terms of revenue performance, 16 listed companies had operating revenue exceeding 1 billion yuan in the first three quarters of this year, accounting for 41.03%. Three companies have revenues exceeding 10 billion yuan: Inspur Information,<a href=\"https://laohu8.com/S/600498\">beacon communications</a>And China Great Wall, among which Inspur Information ranked first with operating revenue of 46.247 billion yuan in the first three quarters of this year.</p><p><b>Top 15 listed companies by market capitalization in the cybersecurity concept:</b></p><p><img src=\"https://static.tigerbbs.com/d789f741c094abe2db69322282355472\" tg-width=\"796\" tg-height=\"978\" referrerpolicy=\"no-referrer\"></p><p>According to Wind data, the revenue of major security businesses of listed companies in my country's cybersecurity industry performed well in 2020, with five companies achieving security business revenue exceeding 2 billion yuan. Among them, Qi An Xin-U achieved security business revenue of 4.154 billion yuan in 2020, while Venustech, Sangfor, Topsec, and Weishitong achieved security business revenue of 3.647 billion yuan, 3.349 billion yuan, 2.828 billion yuan, and 2.384 billion yuan respectively in 2020.</p><p>In terms of security business revenue growth, Zhongfu Information's security business achieved the largest growth of 64.61% in 2020, followed by Anheng Information, Qi An Xin-U, and others.<a href=\"https://laohu8.com/S/300369\">NSFOCUS</a>The growth rates of the security business all exceeded 20%, at 40.14%, 31.89%, and 20.89% respectively.</p><p>With the rapid growth of the cybersecurity services market in the future, leading vendors with first-mover advantages and service experience are expected to further increase their market share.</p><p><a href=\"https://laohu8.com/S/01456\">Guolian Securities</a>It was stated that in the past, the cybersecurity industry had a small market size, fierce competition, low industry concentration, and generally high marketing expenses for listed companies, resulting in generally mediocre financial performance. In recent years, cybersecurity has risen to the level of a national strategy. Practical demand has increased industry concentration, and new technologies and scenarios have spurred new demands for cybersecurity, driving rapid industry development and increased concentration.</p><p><b>Top 10 Listed Companies in Cybersecurity by Security Business Revenue in 2020:</b></p><p><img src=\"https://static.tigerbbs.com/1cfffc41b251f55786b1ae945bc908b8\" tg-width=\"796\" tg-height=\"970\" 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>The cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!</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 cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-12-22 20:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 22, the cybersecurity sector rose intraday, closing up 0.85%.<a href=\"https://laohu8.com/S/002368\">Taiji Shares</a>、<a href=\"https://laohu8.com/S/300659\">Zhongfu Information</a>、<a href=\"https://laohu8.com/S/688023\">Anheng Information</a>When a price surge occurs. In terms of news, the Shanghai Municipal Commission of Economy and Information Technology announced that Shanghai has released a three-year action plan for the cybersecurity industry to support the operation of cybersecurity businesses in Shanghai and drive the development of the industrial chain.</p><p><b>Shanghai releases cybersecurity action plan, aiming to double the scale of target industries to over 25 billion yuan.</b></p><p>On December 21, the Shanghai Municipal Commission of Economy and Information Technology and other departments jointly issued the \"Shanghai Action Plan for Building a Cybersecurity Industry Innovation Hub (2021-2023),\" which aims to promote the transformation and upgrading of technical services, continuously deepen the open guidance of scenario demand, focus on building collaborative innovation platforms to support, and make every effort to build an industrial ecosystem system.</p><p>The plan points out that by 2023, the scale of the city's cybersecurity industry will double to more than 25 billion yuan, with a compound annual growth rate of more than 25%, accounting for more than 10% of the national industry scale, cultivating 10 leading enterprises in the industry, driving the growth of related industries to more than 250 billion yuan, and basically building an industrial innovation hub with national influence.</p><p>It will also focus on next-generation communication security, data security, cloud computing security, biometric security, and vulnerabilities.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>In areas such as governance, we will carry out research on core cybersecurity technologies. Promote the integrated application of new technologies such as cloud computing, big data, artificial intelligence, blockchain, and quantum computing in the field of cybersecurity. Accelerate technological research and development innovation in key areas. Lead the innovation direction of cybersecurity services and improve the cybersecurity service industry system.</p><p><b>The cybersecurity industry is developing rapidly; a comprehensive overview of the industry chain.</b></p><p>Network information security is a comprehensive discipline involving multiple disciplines such as computer science, network technology, communication technology, cryptography, information security technology, applied mathematics, number theory, and information theory. It mainly refers to the fact that the hardware, software and data in the network system are protected from damage, alteration or leakage due to accidental or malicious reasons, the system operates continuously, reliably and normally, and network services are uninterrupted.</p><p>From the perspective of industrial development, network information security has gone through the era of communication encryption, the era of standalone machines, the era of information technology, and now the digital era.<a href=\"https://laohu8.com/S/601456\">Guolian Securities</a>It is stated that the cybersecurity industry was previously dominated by compliance needs, but now, with network protection operations and increasingly serious cyberattacks, industry needs have shifted from compliance needs to practical defense needs.</p><p>Ping An Securities believes that the acceleration of online and cloud computing has made the boundaries of security more blurred; The development of the Industrial Internet and intelligent manufacturing has also exposed security risks in the field of industrial control. The rapid accumulation of data assets brought about by industrial digitalization is shifting the focus of security protection towards data security. Meanwhile, domestic cybersecurity regulations are becoming increasingly stringent, with cybersecurity laws, regulations, and industry standards being introduced intensively. In particular, the requirements for protection in new security areas, such as data security and vehicle networking security, are becoming more stringent. The domestic cybersecurity industry is also adapting to changes, accelerating investment in technology research and development, and focusing on new security fields, and its high prosperity will continue.</p><p><b>Cybersecurity Industry Chain Overview:</b></p><p>Upstream: basic hardware, basic software, basic capabilities, etc. It mainly covers operating systems, chips, algorithms, etc. The upstream sector is relatively mature, with rapid product updates, mainly from established global manufacturers.</p><p>Midstream: information security products and services. It mainly covers security equipment, security software, security services, security integration, etc. There are many sub-sectors in the midstream industry, and the competitive landscape is relatively dispersed.</p><p>Downstream: Service targets and application areas. The service targets are mainly governments, enterprises, and individuals; Application areas mainly cover cloud computing, Internet of Things, etc. Downstream industries are heavily influenced by policies and demand.</p><p><img src=\"https://static.tigerbbs.com/1686bd1b34de754e71d9e5ebe6448ed7\" tg-width=\"796\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p><p><b>Nearly 20% of cybersecurity companies have doubled their net profits, and industry concentration is expected to increase.</b></p><p>According to Wind data, in terms of market capitalization, there are 39 listed companies in the A-share market that belong to the cybersecurity concept, of which 19 have a market capitalization of over 10 billion yuan, accounting for 48.72%. There are four listed companies in the industry with a market capitalization exceeding 50 billion yuan, namely:<a href=\"https://laohu8.com/S/601360\">360</a>、<a href=\"https://laohu8.com/S/300454\">Sangfor</a>、<a href=\"https://laohu8.com/S/600845\">Baoxin Software</a>and<a href=\"https://laohu8.com/S/688561\">Qi An Xin</a>-U, with 360 ranking first with a total market capitalization of 88.531 billion yuan.<a href=\"https://laohu8.com/S/000977\">Wave Information</a>、<a href=\"https://laohu8.com/S/002268\">Weishitong</a>、<a href=\"https://laohu8.com/S/000066\">The Great Wall of China</a>、<a href=\"https://laohu8.com/S/002439\">Rising Star</a>、<a href=\"https://laohu8.com/S/002212\">Topsec</a>Fifteen other listed companies have a market capitalization exceeding 10 billion yuan.</p><p>In terms of performance, 20 companies achieved growth in net profit attributable to the parent company in the first three quarters of this year, accounting for 51.28%. Among them, 7 listed companies doubled their net profit attributable to the parent company, accounting for 17.95%, respectively.<a href=\"https://laohu8.com/S/300077\">National technology</a>、<a href=\"https://laohu8.com/S/688168\">Anbotong</a>、<a href=\"https://laohu8.com/S/300379\">Dongfangtong</a>China Great Wall, Inspur Information, Weishitong<a href=\"https://laohu8.com/S/688201\">Xin'an Century</a>。 Among them, National Technology ranked first with a net profit growth rate attributable to the parent company of 1512.94% in the first three quarters of this year.</p><p>In terms of revenue performance, 16 listed companies had operating revenue exceeding 1 billion yuan in the first three quarters of this year, accounting for 41.03%. Three companies have revenues exceeding 10 billion yuan: Inspur Information,<a href=\"https://laohu8.com/S/600498\">beacon communications</a>And China Great Wall, among which Inspur Information ranked first with operating revenue of 46.247 billion yuan in the first three quarters of this year.</p><p><b>Top 15 listed companies by market capitalization in the cybersecurity concept:</b></p><p><img src=\"https://static.tigerbbs.com/d789f741c094abe2db69322282355472\" tg-width=\"796\" tg-height=\"978\" referrerpolicy=\"no-referrer\"></p><p>According to Wind data, the revenue of major security businesses of listed companies in my country's cybersecurity industry performed well in 2020, with five companies achieving security business revenue exceeding 2 billion yuan. Among them, Qi An Xin-U achieved security business revenue of 4.154 billion yuan in 2020, while Venustech, Sangfor, Topsec, and Weishitong achieved security business revenue of 3.647 billion yuan, 3.349 billion yuan, 2.828 billion yuan, and 2.384 billion yuan respectively in 2020.</p><p>In terms of security business revenue growth, Zhongfu Information's security business achieved the largest growth of 64.61% in 2020, followed by Anheng Information, Qi An Xin-U, and others.<a href=\"https://laohu8.com/S/300369\">NSFOCUS</a>The growth rates of the security business all exceeded 20%, at 40.14%, 31.89%, and 20.89% respectively.</p><p>With the rapid growth of the cybersecurity services market in the future, leading vendors with first-mover advantages and service experience are expected to further increase their market share.</p><p><a href=\"https://laohu8.com/S/01456\">Guolian Securities</a>It was stated that in the past, the cybersecurity industry had a small market size, fierce competition, low industry concentration, and generally high marketing expenses for listed companies, resulting in generally mediocre financial performance. In recent years, cybersecurity has risen to the level of a national strategy. Practical demand has increased industry concentration, and new technologies and scenarios have spurred new demands for cybersecurity, driving rapid industry development and increased concentration.</p><p><b>Top 10 Listed Companies in Cybersecurity by Security Business Revenue in 2020:</b></p><p><img src=\"https://static.tigerbbs.com/1cfffc41b251f55786b1ae945bc908b8\" tg-width=\"796\" tg-height=\"970\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6ead3f4cc9d676707db787b838860b72","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143584906","content_text":"12月22日，网络安全板块盘中上涨，截止收盘涨幅达到0.85%，盘中太极股份、中孚信息、安恒信息等出现拉升。消息面上，上海市经信委介绍，上海发布网络安全产业3年行动计划，支持网络安全业务在沪运营，带动产业链落地发展。\n上海发布网络安全行动计划，目标产业规模倍增超250亿元\n12月21日，上海市经济信息化委等部门联合印发《上海市建设网络安全产业创新高地行动计划（2021-2023年）》，旨在着力推动技术服务转型升级，持续深化场景需求开放引导，重点打造协同创新载体支撑，全力建设产业生态制度体系。\n计划指出，到2023年，本市网络安全产业规模倍增超250亿元，年复合增长率超过25%，全国产业规模占比超过10%，培育10家行业龙头企业，带动相关产业增长超过2500亿元，基本建成具有全国影响力的产业创新高地。\n同时还将围绕下一代通信安全、数据安全、云计算安全、生物识别安全、漏洞智能治理等领域，开展网络安全核心技术攻关。推进云计算、大数据、人工智能、区块链、量子计算等新技术在网络安全领域融合应用。加快重点领域技术研发创新。引领网络安全服务创新方向，完善网络安全服务业态体系。\n网络安全产业发展迅速，产业链一览\n网络信息安全是一门涉及计算机科学、网络技术、通信技术、密码技术、信息安全技术、应用数学、数论、信息论等多种学科的综合性学科。它主要是指网络系统的硬件、软件及其系统中的数据受到保护，不受偶然的或者恶意的原因而遭到破坏、更改、泄露，系统连续可靠正常地运行，网络服务不中断。\n从产业发展的角度来看，网络信息安全经历了通信加密时代、单机时代、信息化时代，到现在的数字化时代。国联证券表示，网络安全行业过去由合规性需求主导，到现在随着护网行动和日趋严重的网络攻击，促使行业需求从合规性需求向实战性防御需求转移。\n平安证券观点认为，线上化、云化提速让安全边界变得更为模糊；工业互联网和智能制造的发展也使得工控领域的安全风险持续暴露；产业数字化带来的数据资产快速积累，安全防护的重心也在向数据安全迁移。同时，国内网络安全监管进一步趋严，网络安全法律法规与行业标准正在密集出台，尤其是对新安全领域的防护，如数据安全、车联网安全等，要求更为严格。国内网络安全行业也正在顺应变化，加快技术研发投入，发力新安全领域，高景气发展将持续。\n网络安全产业链梳理：\n上游：基础硬件、基础软件、基础能力等。主要涵盖操作系统、芯片、算法等。上游相对成熟，产品更新快，以成熟的全球化厂商为主。\n中游：信息安全产品和服务。主要涵盖安全设备、安全软件、安全服务、安全集成等。中游细分行业较多，竞争格局相对分散。\n下游：服务对象和应用领域。服务对象主要为政府、企业、个人；应用领域主要涵盖云计算、物联网等。下游受政策和需求驱动影响较多。\n\n近两成网安企业净利翻倍，产业集中度有望提升\n据Wind数据显示，从市值来看，A股市场属于网络安全概念的上市公司共有39家，其中市值超百亿的有19家，占比48.72%。行业中市值超500亿的有4家上市公司，分别为三六零、深信服、宝信软件和奇安信-U，其中三六零总市值达到885.31亿元居首，浪潮信息、卫士通、中国长城、启明星辰、天融信等15家上市公司市值过百亿。\n从业绩表现来看，今年前三季度归母净利润实现增长的有20家，占比51.28%。其中归母净利润实现翻倍的上市公司共有7家，占比17.95%，分别为国民技术、安博通、东方通、中国长城、浪潮信息、卫士通、信安世纪。其中国民技术今年前三季度归母净利润增速达1512.94%居首。\n从营收表现来看，今年前三季度营业收入超10亿的上市公司有16家，占比41.03%。营收超过百亿的有3家，分别为浪潮信息、烽火通信和中国长城，其中浪潮信息今年前三季度营业收入达到462.47亿元居首。\n网络安全概念上市公司市值TOP15：\n\n据Wind数据统计，我国网络安全行业上市公司2020年主要安全业务营收表现亮眼，有5家企业安全业务营收超20亿，其中奇安信-U在2020年实现安全业务营收41.54亿元，启明星辰、深信服、天融信、卫士通分别在2020年实现安全业务营收36.47亿元、33.49亿元、28.28亿元、23.84亿元。\n从安全业务营收增速来看，中孚信息的安全业务在2020年实现64.61%的增长居首，安恒信息、奇安信-U、绿盟科技的安全业务增速均超20%，分别为40.14%、31.89%、20.89%。\n未来随着网络安全服务市场的快速增长，具有先发优势和服务经验的头部厂商的市场份额有望进一步提升。\n国联证券表示，过去网络安全行业市场规模较小，竞争激烈，行业集中度较低，上市公司营销费用普遍很高，因此财务表现普遍一般。近年网络安全已经上升到国家战略，实战型需求提升行业集中度，新技术和新场景催生网络安全新需求，推动行业快速发展和集中度提升。\n网络安全概念上市公司2020年安全业务营收TOP10：","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":137924204,"gmtCreate":1622288514808,"gmtModify":1704182728040,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/137924204","repostId":"1136357756","repostType":4,"repost":{"id":"1136357756","kind":"news","pubTimestamp":1622246389,"share":"https://ttm.financial/m/news/1136357756?lang=en_US&edition=fundamental","pubTime":"2021-05-29 07:59","market":"hk","language":"zh","title":"Why has Xiaomi been able to rise against the global chip shortage?","url":"https://stock-news.laohu8.com/highlight/detail?id=1136357756","media":"砺石商业评论","summary":"砺石导语：此次Redmi Note 10系列的发布，小米再次展现出其在供应链领域的优势，从而实现在最核心元器件芯片上的越级配置，这势必将进一步扩大其在智能手机行业的市场份额优势。已经进入正循环的小米，","content":"<p><b>Lishi Introduction:</b>With the release of the Redmi Note 10 series, Xiaomi once again demonstrates its advantages in the supply chain, enabling it to achieve superior configuration on its most core component chips. This will undoubtedly further expand its reach.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Market share advantages in the mobile phone industry. Having entered a positive cycle, what surprises will Xiaomi bring in the future? We should continue to look forward to them. 1</p><p>Since the second half of 2020, the global smartphone industry has entered a vicious cycle: many well-known manufacturers have significantly raised the prices of their high-end phones, while secretly lowering the configurations of their mid-range phones. Some flagship phones have also been delayed in their release. Behind this is the fact that the global smart hardware industry is facing a severe \"chip shortage\" crisis.</p><p>This crisis is not only affecting the smartphone industry, but also multiple industries such as automobiles, televisions, and laptops. After systematically analyzing the crisis, Lishi Business Review found that its root cause lies in the combination of multiple factors.</p><p>First, smartphones have always been a major consumer of chips, and the smartphone industry is currently undergoing a shift from 4G phones to 5G phones. 5G phones require twice as many chips as 4G phones, which has led to a significant increase in chip demand.</p><p>Secondly, starting from the second half of 2020, sales of intelligent electric vehicles have generally experienced explosive growth globally. The intelligentization and electrification of automobiles have also led to a several-fold increase in the demand for chips.</p><p>Secondly, due to the demand for working from home brought about by the outbreak of the COVID-19 pandemic, laptop sales have surged despite the sluggish market in previous years, which in turn has led to an increase in the demand for chips. In addition, the large-scale popularization of 5G-related IoT devices such as smart homes and smart wearables has also increased the demand for chips.</p><p>While 5G phones, smart electric vehicles, IoT devices, and laptops have led to a surge in chip demand, on the supply side, chip manufacturers have reduced production capacity and delayed investment due to the outbreak of the pandemic, resulting in insufficient chip supply. To make matters worse, heavy snow in Austin, USA, a fire at Renesas Electronics in Japan, and...<a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a>The strikes have further exacerbated the chip supply shortage.</p><p><b>On the one hand, there is a surge in demand, and on the other hand, there is a sharp decline in supply. This rise and fall has led to the chip shortage crisis we are seeing today, which is affecting the entire industry.</b>It is understood that this global chip shortage will continue for at least another year, with the third quarter of this year expected to be the most severe phase. In this context, some smartphone manufacturers have been forced to adopt measures such as the aforementioned high-end price increases, mid-range feature reductions, and flagship release delays.</p><p>However, recently, a smartphone company has gone against the trend. Instead of following the example of other competitors, it has significantly improved the chip configuration of phones in the same class while keeping the price unchanged. It's important to understand that the most severe shortage in this chip crisis is precisely high-end chips.</p><p>This company was somewhat surprising, because it was none other than Xiaomi Group, which had long been considered by the industry to have certain shortcomings in the hardware supply chain.</p><p>2</p><p>On May 26, 2021, Redmi, a brand under Xiaomi Group, held a new product launch event themed \"Flagship Chip Little King Kong\" at its Beijing headquarters. At the event, the Redmi Note 10 series Note 10 Pro and Note 10 5G smartphones were officially released. Among them, the 6+128GB version of the Note 10 Pro starts at 1499 yuan, and the 4+128GB version of the Redmi Note 10 starts at 999 yuan.</p><p><img src=\"https://static.tigerbbs.com/722eb9c4fc80519c292080890b50796f\" tg-width=\"1080\" tg-height=\"1440\" referrerpolicy=\"no-referrer\"></p><p>Despite such an affordable price, the Note 10 series boasts considerable product power. Especially in the chip field, which consumers are most concerned about, the Redmi Note 10 Pro unexpectedly uses the Dimensity 1100 chip. Readers familiar with the chip industry know that the Dimensity 1100, alongside the Dimensity 1200, is the latest 5G flagship chip released by the well-known chip manufacturer MediaTek in 2021, mainly used in mid-to-high-end smartphones priced above 2,000 yuan.</p><p>The Dimensity 1100 uses the same technology as the Dimensity 1200.<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With its 6nm process and A78 large-core and 8-core architecture, the AnTuTu V9 achieved a benchmark score of over 690,000, nearly doubling its performance compared to its predecessor.<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>The flagship chip Snapdragon 865, released last year, is 32% higher than Qualcomm's mid-range Snapdragon 778 and 65% higher than the Snapdragon 768G. The Note 10 Pro uses the Dimensity 1100 chip, marking the first time Xiaomi Group has equipped the Redmi Note 10 series, which is positioned as a mid-range product, with a flagship-level chip, making it arguably the most powerful Note series phone in history.</p><p>Although the Redmi Note 10 starts at only 999 yuan, it also uses a 5G chip that supports 5G + 5G dual SIM dual standby. This is the first time in the industry that Redmi has priced its 5G phones below 1,000 yuan. This will greatly accelerate the popularization of 5G phones in China and force 4G phones to completely exit the market priced above 1,000 yuan.</p><p>In addition, on the same day as the Note 10 series was launched, Redmi also released the first thin and light Ryzen laptop in the RedmiBook Pro series – the RedmiBook Pro 15 Ryzen Edition. It is equipped with the new \"Zen3\" architecture.<a href=\"https://laohu8.com/S/AMD\">AMD</a>The Ryzen 5000 series standard-voltage processor features a 7nm process, 8 cores, and 16 threads, delivering up to 45W of full performance. It boasts stronger performance and excellent value for money compared to competitors' products in the same price range, making it arguably the most worthwhile large-screen, thin, and light Ryzen laptop to buy in the 5000 yuan price range.</p><p><img src=\"https://static.tigerbbs.com/d5e348187c69b09c92255d7d52819ab6\" tg-width=\"880\" tg-height=\"585\" referrerpolicy=\"no-referrer\"></p><p><b>Whether it's the Note 10 Pro, Note 10, or RedmiBook Pro 15 Ryzen Edition, we've all seen that Redmi has adopted superior configurations compared to other products in the same price range in the core chip field. So, when the chip shortage crisis hit the entire smart hardware industry, why was Xiaomi Group able to rise against the trend?</b></p><p>Lu Weibing, Partner of Xiaomi Group, President of China and International Department, and General Manager of Redmi Brand, said at the \"Flagship Chip Little King Kong\" launch event that the chip shortage will greatly test a company's values. \"Adhering to high-quality materials, adhering to the popularization of high-end products, and adhering to extreme cost-effectiveness\" are the core values of the Redmi brand. These values determine that the Redmi brand will not reduce chip configuration or raise prices due to short-term difficulties.</p><p><b>However, I believe that while adhering to values is one of the important reasons why Xiaomi took this move, the more fundamental reason is that Xiaomi has made up for its shortcomings in the hardware supply chain and improved its systemic capabilities in recent years.</b>If Xiaomi didn't have strong control over the upstream supply chain, it would have been extremely difficult to improve its chip configuration and ensure the normal supply of ordinary chips, let alone keep pricing unchanged. Looking back at 2015-2016, Xiaomi experienced a huge product and sales crisis due to deficiencies in its supply chain capabilities.</p><p><b>Why has Xiaomi made such great progress in its hardware supply chain in just a few years?</b>In my opinion, this stems from a profound reflection by Lei Jun, the founder of Xiaomi Group, who led Xiaomi's core team in 2016. At that time, he deeply realized that the essence of a smartphone is a mobile phone, and it must first master the basic skills of mobile phone hardware such as the supply chain. This led to Lei Jun's appointment as the head of Xiaomi's mobile phone division and the important measure of personally taking charge of product research and development and supply chain construction.</p><p>In addition to Lei Jun personally taking charge, Xiaomi Group also reshuffled its leadership, bringing in Zhang Feng, who had served as the general manager of Nanjing Yinghuada, one of Xiaomi's early most important contract manufacturers, to be directly responsible for Xiaomi Group's supply chain management. Optimizing the core leaders of the supply chain has become a key action to reverse the shortcomings in Xiaomi's supply chain. Zhang Feng lived up to expectations, performing exceptionally well in addressing shortcomings in the hardware supply chain and thus joining the core decision-making team of Xiaomi Group. Currently, Zhang Feng not only serves as Vice President and Chief of Staff of Xiaomi Group and Chairman of the Xiaomi Group Purchasing Committee, but has also been selected as a partner member of Xiaomi Group.</p><p>In terms of specific supply chain improvement measures, Xiaomi Group has been systematically implementing them from three dimensions. First, focusing on quality, Xiaomi replaced unqualified suppliers and chose to cooperate with more capable suppliers. At the same time, Xiaomi Group also established a quality committee, investing dedicated resources and huge costs to improve product quality.</p><p>Secondly, while ensuring product quality, Xiaomi continues to strengthen close ties with suppliers and conduct joint research and development with a higher degree of coupling. For example, Xiaomi established a chip platform department, which has been deeply involved in the joint research and development of suppliers such as Qualcomm and MTK since the product definition stage. This is why we have seen Xiaomi Group replace...<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>It has continuously obtained the first-to-launch rights for each generation of Qualcomm's flagship chips.</p><p>It is also worth mentioning that, in addition to continuously obtaining the first launch rights for Qualcomm's flagship chips, Xiaomi has also repeatedly obtained the first launch rights for MediaTek chips. For example, the Redmi Note 8 series was the first to launch the MediaTek Helio G90T liquid-cooled gaming chip, and the Redmi 10X series was the first to launch the MediaTek Dimensity 820 5G processor.</p><p>Finally, through forward-looking product planning, Xiaomi has been able to avoid arbitrarily canceling orders, which has given the upstream supply chain ample confidence and made them more willing to form a highly trusting and stable cooperative relationship with Xiaomi, thereby ensuring priority supply to Xiaomi during difficult times.</p><p>Furthermore, Xiaomi's improved control over the supply chain is due not only to its efforts in specific aspects of the supply chain but also to its addressing shortcomings in other areas, the most important of which is the most balanced industry structure Xiaomi has built.<a href=\"https://laohu8.com/S/300959\">Online and offline</a>A comprehensive channel system that integrates domestic and overseas channels.</p><p>Firstly, in overseas markets, Xiaomi Group has now entered more than 100 countries and regions around the world. Among them, its smartphone shipments rank among the top five in terms of market share in 62 countries and regions, and it is the largest smartphone brand in 12 countries. Specifically, Xiaomi ranks first in Russia (32.1% market share), first in Spain (35.1% market share), second in Italy, and third in Germany and France. Overall, Xiaomi ranked first in Eastern Europe and third in Western Europe.</p><p>In the domestic market, online sales have always been a traditional advantage for Xiaomi, which goes without saying. Taking advantage of the rise of large shopping malls in various regions, Xiaomi has leveraged its rich product portfolio to proactively focus on channel layout in shopping malls, enabling Xiaomi to achieve a leapfrog development offline.</p><p>It is reported that as of the morning of April 3, 2021, Xiaomi was in Shenyang.<a href=\"https://laohu8.com/S/000031\">Joy City</a>The 5,000th Xiaomi Home store in China has already opened. At last year's Redmi Note 9 series launch event, Lu Weibing said that in the coming year, he would open Xiaomi Home stores in every county town, accelerate the penetration of county-level markets, and ensure that every Mi Fan has a Xiaomi Home next to them. Lu Weibing also stated that by 2021, Xiaomi Home stores will be located in every county across the country. Not long ago, Xiaomi announced that it had completed Xiaomi Home coverage in all counties in the two major provinces of Jiangsu and Henan. In the future, more and more provinces will complete full coverage of Xiaomi Home in all counties.</p><p>In addition, following its rapid progress in county-level markets, Xiaomi has further accelerated its new retail strategy, fully penetrating into township markets. At the press conference, Lu Weibing also set a new goal: to open 10,000 new Xiaomi Home authorized stores in rural areas, so that rural users can enjoy high-quality and cost-effective Xiaomi products.</p><p>Xiaomi Group's integrated online and offline channel system, combining domestic and overseas channels, has fully ensured stable shipments. According to its 2020 financial report, Xiaomi's global smartphone shipments reached 146 million units, ranking third globally, and sales of high-end smartphones have exceeded 10 million units. Large-scale and stable shipments have further won the confidence of upstream suppliers in cooperating with Xiaomi, who are willing to prioritize matching them with higher-quality supply chain resources.</p><p>3</p><p>As Xiaomi Group improves its systemic capabilities in areas such as supply chain and channels, the Matthew effect, where the strong get stronger, is emerging in Xiaomi.</p><p>Just the day after the launch of its flagship chip, Xiaomi released its financial report for the first quarter of 2021. Financial reports show that Xiaomi Group's total revenue reached 76.9 billion yuan in the first quarter, a year-on-year increase of 54.7%; Adjusted net profit was 6.1 billion yuan, a year-on-year increase of 163.8%; Earnings per share were RMB 0.302, far exceeding market expectations of RMB 0.187 and RMB 0.089 in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/fe675cc417bbad8f8ea34a9e82324396\" tg-width=\"1070\" tg-height=\"2344\" referrerpolicy=\"no-referrer\"></p><p>Among them, the core smartphone business remains the main contributor to Xiaomi Group's performance. In the first quarter of 2021, Xiaomi's global smartphone shipments increased by 69.1% year-on-year to 49.4 million units, and its global market share has risen to 14.1%.</p><p>With the release of the Redmi Note 10 series, Xiaomi has once again demonstrated its advantages in the supply chain, enabling it to achieve superior configuration in its most core component chips. This will inevitably further expand its market share advantage in the smartphone industry. Having entered a positive cycle, what surprises will Xiaomi bring in the future? We should continue to look forward to them.</p><p>----------------------------------------------------</p><p>Good news for Tiger users: Tiger is currently supporting weekend orders! Pre-listing orders are a value-added service provided by Tiger Bros. that allows users to place orders during non-trading hours. Currently, it supports three order types: stop-loss orders, stop-loss limit orders, and limit orders.</p><p>In other words, users can place orders during market closures, such as weekends and other holidays. The orders will be saved by Tiger's trading system and automatically submitted to the exchange after the market opens.</p><p><a href=\"https://www.laohu8.com/post/131820269\" target=\"_blank\">Click to learn more >>></a></p>","source":"lsy1571105524917","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 has Xiaomi been able to rise against the global chip shortage?</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 has Xiaomi been able to rise against the global chip shortage?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">砺石商业评论</strong><span class=\"h-time small\">2021-05-29 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Lishi Introduction:</b>With the release of the Redmi Note 10 series, Xiaomi once again demonstrates its advantages in the supply chain, enabling it to achieve superior configuration on its most core component chips. This will undoubtedly further expand its reach.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Market share advantages in the mobile phone industry. Having entered a positive cycle, what surprises will Xiaomi bring in the future? We should continue to look forward to them. 1</p><p>Since the second half of 2020, the global smartphone industry has entered a vicious cycle: many well-known manufacturers have significantly raised the prices of their high-end phones, while secretly lowering the configurations of their mid-range phones. Some flagship phones have also been delayed in their release. Behind this is the fact that the global smart hardware industry is facing a severe \"chip shortage\" crisis.</p><p>This crisis is not only affecting the smartphone industry, but also multiple industries such as automobiles, televisions, and laptops. After systematically analyzing the crisis, Lishi Business Review found that its root cause lies in the combination of multiple factors.</p><p>First, smartphones have always been a major consumer of chips, and the smartphone industry is currently undergoing a shift from 4G phones to 5G phones. 5G phones require twice as many chips as 4G phones, which has led to a significant increase in chip demand.</p><p>Secondly, starting from the second half of 2020, sales of intelligent electric vehicles have generally experienced explosive growth globally. The intelligentization and electrification of automobiles have also led to a several-fold increase in the demand for chips.</p><p>Secondly, due to the demand for working from home brought about by the outbreak of the COVID-19 pandemic, laptop sales have surged despite the sluggish market in previous years, which in turn has led to an increase in the demand for chips. In addition, the large-scale popularization of 5G-related IoT devices such as smart homes and smart wearables has also increased the demand for chips.</p><p>While 5G phones, smart electric vehicles, IoT devices, and laptops have led to a surge in chip demand, on the supply side, chip manufacturers have reduced production capacity and delayed investment due to the outbreak of the pandemic, resulting in insufficient chip supply. To make matters worse, heavy snow in Austin, USA, a fire at Renesas Electronics in Japan, and...<a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a>The strikes have further exacerbated the chip supply shortage.</p><p><b>On the one hand, there is a surge in demand, and on the other hand, there is a sharp decline in supply. This rise and fall has led to the chip shortage crisis we are seeing today, which is affecting the entire industry.</b>It is understood that this global chip shortage will continue for at least another year, with the third quarter of this year expected to be the most severe phase. In this context, some smartphone manufacturers have been forced to adopt measures such as the aforementioned high-end price increases, mid-range feature reductions, and flagship release delays.</p><p>However, recently, a smartphone company has gone against the trend. Instead of following the example of other competitors, it has significantly improved the chip configuration of phones in the same class while keeping the price unchanged. It's important to understand that the most severe shortage in this chip crisis is precisely high-end chips.</p><p>This company was somewhat surprising, because it was none other than Xiaomi Group, which had long been considered by the industry to have certain shortcomings in the hardware supply chain.</p><p>2</p><p>On May 26, 2021, Redmi, a brand under Xiaomi Group, held a new product launch event themed \"Flagship Chip Little King Kong\" at its Beijing headquarters. At the event, the Redmi Note 10 series Note 10 Pro and Note 10 5G smartphones were officially released. Among them, the 6+128GB version of the Note 10 Pro starts at 1499 yuan, and the 4+128GB version of the Redmi Note 10 starts at 999 yuan.</p><p><img src=\"https://static.tigerbbs.com/722eb9c4fc80519c292080890b50796f\" tg-width=\"1080\" tg-height=\"1440\" referrerpolicy=\"no-referrer\"></p><p>Despite such an affordable price, the Note 10 series boasts considerable product power. Especially in the chip field, which consumers are most concerned about, the Redmi Note 10 Pro unexpectedly uses the Dimensity 1100 chip. Readers familiar with the chip industry know that the Dimensity 1100, alongside the Dimensity 1200, is the latest 5G flagship chip released by the well-known chip manufacturer MediaTek in 2021, mainly used in mid-to-high-end smartphones priced above 2,000 yuan.</p><p>The Dimensity 1100 uses the same technology as the Dimensity 1200.<a href=\"https://laohu8.com/S/TSM\">TSMC</a>With its 6nm process and A78 large-core and 8-core architecture, the AnTuTu V9 achieved a benchmark score of over 690,000, nearly doubling its performance compared to its predecessor.<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>The flagship chip Snapdragon 865, released last year, is 32% higher than Qualcomm's mid-range Snapdragon 778 and 65% higher than the Snapdragon 768G. The Note 10 Pro uses the Dimensity 1100 chip, marking the first time Xiaomi Group has equipped the Redmi Note 10 series, which is positioned as a mid-range product, with a flagship-level chip, making it arguably the most powerful Note series phone in history.</p><p>Although the Redmi Note 10 starts at only 999 yuan, it also uses a 5G chip that supports 5G + 5G dual SIM dual standby. This is the first time in the industry that Redmi has priced its 5G phones below 1,000 yuan. This will greatly accelerate the popularization of 5G phones in China and force 4G phones to completely exit the market priced above 1,000 yuan.</p><p>In addition, on the same day as the Note 10 series was launched, Redmi also released the first thin and light Ryzen laptop in the RedmiBook Pro series – the RedmiBook Pro 15 Ryzen Edition. It is equipped with the new \"Zen3\" architecture.<a href=\"https://laohu8.com/S/AMD\">AMD</a>The Ryzen 5000 series standard-voltage processor features a 7nm process, 8 cores, and 16 threads, delivering up to 45W of full performance. It boasts stronger performance and excellent value for money compared to competitors' products in the same price range, making it arguably the most worthwhile large-screen, thin, and light Ryzen laptop to buy in the 5000 yuan price range.</p><p><img src=\"https://static.tigerbbs.com/d5e348187c69b09c92255d7d52819ab6\" tg-width=\"880\" tg-height=\"585\" referrerpolicy=\"no-referrer\"></p><p><b>Whether it's the Note 10 Pro, Note 10, or RedmiBook Pro 15 Ryzen Edition, we've all seen that Redmi has adopted superior configurations compared to other products in the same price range in the core chip field. So, when the chip shortage crisis hit the entire smart hardware industry, why was Xiaomi Group able to rise against the trend?</b></p><p>Lu Weibing, Partner of Xiaomi Group, President of China and International Department, and General Manager of Redmi Brand, said at the \"Flagship Chip Little King Kong\" launch event that the chip shortage will greatly test a company's values. \"Adhering to high-quality materials, adhering to the popularization of high-end products, and adhering to extreme cost-effectiveness\" are the core values of the Redmi brand. These values determine that the Redmi brand will not reduce chip configuration or raise prices due to short-term difficulties.</p><p><b>However, I believe that while adhering to values is one of the important reasons why Xiaomi took this move, the more fundamental reason is that Xiaomi has made up for its shortcomings in the hardware supply chain and improved its systemic capabilities in recent years.</b>If Xiaomi didn't have strong control over the upstream supply chain, it would have been extremely difficult to improve its chip configuration and ensure the normal supply of ordinary chips, let alone keep pricing unchanged. Looking back at 2015-2016, Xiaomi experienced a huge product and sales crisis due to deficiencies in its supply chain capabilities.</p><p><b>Why has Xiaomi made such great progress in its hardware supply chain in just a few years?</b>In my opinion, this stems from a profound reflection by Lei Jun, the founder of Xiaomi Group, who led Xiaomi's core team in 2016. At that time, he deeply realized that the essence of a smartphone is a mobile phone, and it must first master the basic skills of mobile phone hardware such as the supply chain. This led to Lei Jun's appointment as the head of Xiaomi's mobile phone division and the important measure of personally taking charge of product research and development and supply chain construction.</p><p>In addition to Lei Jun personally taking charge, Xiaomi Group also reshuffled its leadership, bringing in Zhang Feng, who had served as the general manager of Nanjing Yinghuada, one of Xiaomi's early most important contract manufacturers, to be directly responsible for Xiaomi Group's supply chain management. Optimizing the core leaders of the supply chain has become a key action to reverse the shortcomings in Xiaomi's supply chain. Zhang Feng lived up to expectations, performing exceptionally well in addressing shortcomings in the hardware supply chain and thus joining the core decision-making team of Xiaomi Group. Currently, Zhang Feng not only serves as Vice President and Chief of Staff of Xiaomi Group and Chairman of the Xiaomi Group Purchasing Committee, but has also been selected as a partner member of Xiaomi Group.</p><p>In terms of specific supply chain improvement measures, Xiaomi Group has been systematically implementing them from three dimensions. First, focusing on quality, Xiaomi replaced unqualified suppliers and chose to cooperate with more capable suppliers. At the same time, Xiaomi Group also established a quality committee, investing dedicated resources and huge costs to improve product quality.</p><p>Secondly, while ensuring product quality, Xiaomi continues to strengthen close ties with suppliers and conduct joint research and development with a higher degree of coupling. For example, Xiaomi established a chip platform department, which has been deeply involved in the joint research and development of suppliers such as Qualcomm and MTK since the product definition stage. This is why we have seen Xiaomi Group replace...<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>It has continuously obtained the first-to-launch rights for each generation of Qualcomm's flagship chips.</p><p>It is also worth mentioning that, in addition to continuously obtaining the first launch rights for Qualcomm's flagship chips, Xiaomi has also repeatedly obtained the first launch rights for MediaTek chips. For example, the Redmi Note 8 series was the first to launch the MediaTek Helio G90T liquid-cooled gaming chip, and the Redmi 10X series was the first to launch the MediaTek Dimensity 820 5G processor.</p><p>Finally, through forward-looking product planning, Xiaomi has been able to avoid arbitrarily canceling orders, which has given the upstream supply chain ample confidence and made them more willing to form a highly trusting and stable cooperative relationship with Xiaomi, thereby ensuring priority supply to Xiaomi during difficult times.</p><p>Furthermore, Xiaomi's improved control over the supply chain is due not only to its efforts in specific aspects of the supply chain but also to its addressing shortcomings in other areas, the most important of which is the most balanced industry structure Xiaomi has built.<a href=\"https://laohu8.com/S/300959\">Online and offline</a>A comprehensive channel system that integrates domestic and overseas channels.</p><p>Firstly, in overseas markets, Xiaomi Group has now entered more than 100 countries and regions around the world. Among them, its smartphone shipments rank among the top five in terms of market share in 62 countries and regions, and it is the largest smartphone brand in 12 countries. Specifically, Xiaomi ranks first in Russia (32.1% market share), first in Spain (35.1% market share), second in Italy, and third in Germany and France. Overall, Xiaomi ranked first in Eastern Europe and third in Western Europe.</p><p>In the domestic market, online sales have always been a traditional advantage for Xiaomi, which goes without saying. Taking advantage of the rise of large shopping malls in various regions, Xiaomi has leveraged its rich product portfolio to proactively focus on channel layout in shopping malls, enabling Xiaomi to achieve a leapfrog development offline.</p><p>It is reported that as of the morning of April 3, 2021, Xiaomi was in Shenyang.<a href=\"https://laohu8.com/S/000031\">Joy City</a>The 5,000th Xiaomi Home store in China has already opened. At last year's Redmi Note 9 series launch event, Lu Weibing said that in the coming year, he would open Xiaomi Home stores in every county town, accelerate the penetration of county-level markets, and ensure that every Mi Fan has a Xiaomi Home next to them. Lu Weibing also stated that by 2021, Xiaomi Home stores will be located in every county across the country. Not long ago, Xiaomi announced that it had completed Xiaomi Home coverage in all counties in the two major provinces of Jiangsu and Henan. In the future, more and more provinces will complete full coverage of Xiaomi Home in all counties.</p><p>In addition, following its rapid progress in county-level markets, Xiaomi has further accelerated its new retail strategy, fully penetrating into township markets. At the press conference, Lu Weibing also set a new goal: to open 10,000 new Xiaomi Home authorized stores in rural areas, so that rural users can enjoy high-quality and cost-effective Xiaomi products.</p><p>Xiaomi Group's integrated online and offline channel system, combining domestic and overseas channels, has fully ensured stable shipments. According to its 2020 financial report, Xiaomi's global smartphone shipments reached 146 million units, ranking third globally, and sales of high-end smartphones have exceeded 10 million units. Large-scale and stable shipments have further won the confidence of upstream suppliers in cooperating with Xiaomi, who are willing to prioritize matching them with higher-quality supply chain resources.</p><p>3</p><p>As Xiaomi Group improves its systemic capabilities in areas such as supply chain and channels, the Matthew effect, where the strong get stronger, is emerging in Xiaomi.</p><p>Just the day after the launch of its flagship chip, Xiaomi released its financial report for the first quarter of 2021. Financial reports show that Xiaomi Group's total revenue reached 76.9 billion yuan in the first quarter, a year-on-year increase of 54.7%; Adjusted net profit was 6.1 billion yuan, a year-on-year increase of 163.8%; Earnings per share were RMB 0.302, far exceeding market expectations of RMB 0.187 and RMB 0.089 in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/fe675cc417bbad8f8ea34a9e82324396\" tg-width=\"1070\" tg-height=\"2344\" referrerpolicy=\"no-referrer\"></p><p>Among them, the core smartphone business remains the main contributor to Xiaomi Group's performance. In the first quarter of 2021, Xiaomi's global smartphone shipments increased by 69.1% year-on-year to 49.4 million units, and its global market share has risen to 14.1%.</p><p>With the release of the Redmi Note 10 series, Xiaomi has once again demonstrated its advantages in the supply chain, enabling it to achieve superior configuration in its most core component chips. This will inevitably further expand its market share advantage in the smartphone industry. Having entered a positive cycle, what surprises will Xiaomi bring in the future? We should continue to look forward to them.</p><p>----------------------------------------------------</p><p>Good news for Tiger users: Tiger is currently supporting weekend orders! Pre-listing orders are a value-added service provided by Tiger Bros. that allows users to place orders during non-trading hours. Currently, it supports three order types: stop-loss orders, stop-loss limit orders, and limit orders.</p><p>In other words, users can place orders during market closures, such as weekends and other holidays. The orders will be saved by Tiger's trading system and automatically submitted to the exchange after the market opens.</p><p><a href=\"https://www.laohu8.com/post/131820269\" target=\"_blank\">Click to learn more >>></a></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/vkzSbfWPnNNDyMx5j7qezw\">砺石商业评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/68c4631119b178af4b9403c186b427c8","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/vkzSbfWPnNNDyMx5j7qezw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136357756","content_text":"砺石导语：此次Redmi Note 10系列的发布，小米再次展现出其在供应链领域的优势，从而实现在最核心元器件芯片上的越级配置，这势必将进一步扩大其在智能手机行业的市场份额优势。已经进入正循环的小米，未来将带来什么样的惊喜，值得我们继续期待。1从2020年下半年开始，全球智能手机行业便进入一个怪圈，就是很多知名厂商旗下的高端手机纷纷大幅涨价，中端手机却私下偷偷降低配置，还有一些旗舰手机迟迟无法发布，在此背后是全球智能硬件产业正在遭遇着一场严峻的“芯片短缺”危机。这种危机不只是影响到智能手机产业，还影响到汽车、电视与笔记本电脑等多个产业。《砺石商业评论》在系统分析这场危机后发现，其根源在于多项因素的叠加。首先，智能手机一直以来是芯片需求的大户，而目前智能手机行业正在经历着从4G手机向5G手机的转移，5G手机所需要芯片数量是4G手机的2倍，这导致芯片需求大大增加。其次，从2020年下半年开始，在全球范围内，智能电动汽车的销量都普遍出现爆发式增长。汽车的智能化与电动化，也带来芯片需求的数倍增长。再次，由于新冠肺炎疫情爆发带来的在家办公需求，笔记本电脑一反往年的市场低迷状况而出现销量井喷，进而带来芯片需求的增加。另外，与5G相关的智能家居、智能穿戴等物联网设备的大规模普及，也加大了芯片的需求。而在5G手机、智能电动汽车、物联网设备与笔记本电脑等造成芯片需求大增的同时，在供给端，芯片厂商却因为疫情爆发而减少产能、延缓投资导致芯片供给不足。另外，雪上加霜的是，美国奥斯汀州的大雪，日本瑞萨电子的火灾，以及意法半导体的罢工都进一步加剧了芯片的供给不足。一方面是需求侧的暴增，另一方面是供给侧的大幅下跌，这一涨一跌便导致了今天我们看到的波及全行业的芯片短缺危机。据悉，这次全球缺芯现象还将持续至少一年的时间，其中预计今年第三季度将进入最严重的阶段。在这种情况下，一些智能手机厂商便被迫采用了例如前文提到的高端涨价，中端减配与旗舰发布延迟等措施。不过就在近日，有一家智能手机企业却逆势而上，其不仅没有效仿其他友商的类似方式，相反在保持价格不变的情况下，大大提高了同级别手机的芯片配置。要知道，在这次芯片危机中，短缺最严重的正是高端芯片。这家企业也多少有些让人意外，因为其不是别家，而是过去长期曾被行业认为在硬件供应链领域存在一定能力短板的小米集团。22021年5月26日，小米集团旗下品牌Redmi在北京总部举办了“旗舰芯 小金刚”为主题的新品发布会，在这次发布会上正式发布了Redmi Note 10系列的Note 10 Pro与Note 10 5G两款手机。其中，6+128GB版本的Note 10 Pro起售价为1499元，4+128GB版本的Redmi Note 10起售价为999元。在如此亲民的价格下，Note 10系列的产品力却相当可观。尤其在消费者最为关注的芯片领域，Redmi Note 10 Pro竟意外采用了天玑1100芯片。对芯片领域较为熟悉的读者都了解，天玑1100与天玑1200并列，是著名的芯片厂商联发科在2021年最新发布的5G旗舰芯片，主要应用在2000元以上的中高端智能手机。天玑1100采用的是与天玑1200相同的台积电6nm制程，以及A78大核与8核架构，安兔兔V9跑分超过69万，性能相比上代接近翻倍，跑分性能超过高通去年发布的旗舰芯片骁龙865，比高通旗下中端的骁龙778高32%，比骁龙768G高65%。此次Note 10 Pro采用天玑1100芯片，是小米集团第一次在定位中端产品的Redmi Note 10系列“越级”配备了一款旗舰级别的芯片，堪称史上性能最强的Note系列手机。Redmi Note 10虽然起售价只有999元，但在芯片配置上也越级使用了支持5G+5G双卡双待的5G芯片。此次Redmi将5G手机做到千元以下，在行业内尚属首次，这将大大加速5G手机在国内的普及，也将迫使4G手机彻底退出千元以上市场。另外，在Note 10系列发布当天，Redmi品牌还发布了RedmiBook Pro系列的首款轻薄锐龙本——RedmiBook Pro 15锐龙版。其搭载了全新“Zen3”架构的AMD锐龙5000系列标压处理器，7nm制程，8核16线程，处理器可达45W满血性能释放，具有相比友商同价位产品更强劲的性能以及更极致的性价比，堪称5000元段最值得购买的大屏轻薄锐龙本。无论是Note 10 Pro、Note 10还是RedmiBook Pro 15锐龙版，我们都看到Redmi在最核心的芯片领域都采用了相比同价位产品的越级配置。那么，在芯片短缺危机侵袭整个智能硬件产业时，小米集团为什么能够逆势而上呢？小米集团合伙人，中国区、国际部总裁，Redmi品牌总经理卢伟冰在“旗舰芯 小金刚”发布会上表示，芯片短缺将很大程度上考验一个企业的价值观。而“坚持真材实料，坚持高端产品大众化，坚持极致性价比”是Redmi品牌的核心价值观，这种价值观决定了Redmi品牌不会因为短期困难而在芯片配置上进行减配，或者在价格上提升。不过笔者认为恪守价值观虽然是小米采取此举的重要原因之一，但更根本的则是小米近些年在硬件供应链领域的短板补足与系统性能力的提升。如果小米不是在上游供应链领域具有强大的掌控能力，莫说在定价不变的情况下提高芯片配置，保障普通芯片的正常供应都极为困难。回望2015-2016年，小米当时就曾因为供应链能力的缺陷而出现过一次巨大的产品危机与销量危机。为什么小米短短几年便在硬件供应链上出现了如此大的进步呢？笔者认为，这源于小米集团创始人雷军在2016年带领小米核心团队的一次深刻反思，其当时深刻意识到智能手机的本质是一部手机，首先必须在供应链等手机硬件的基本功上过关，这就有了雷军出任小米手机部负责人，亲自来抓产品研发与供应链建设的重要举措。除了雷军亲自上阵之外，小米集团还走马换将，引进曾担任小米早期最重要的代工厂之一南京英华达总经理的张峰，由他直接负责小米集团的供应链管理。供应链核心负责人的优化，成为扭转小米供应链短板的关键动作。张峰也不负众望，在解决硬件供应链短板上发挥出色，并因此跻身小米集团的最核心决策团队。目前，张峰不仅担任小米集团副总裁、参谋长与小米集团采购委员会主席，还入选小米集团合伙人成员。在具体的供应链改善措施上，小米集团则有条不紊地从三个维度展开。首先是以质量为切入点，小米对不合格的供应商进行了更换，选择与更有实力的供应商合作。同时小米集团还成立质量委员会，投入专职力量与巨额成本来提升产品质量。其次，在保证产品质量这个基本盘的同时，小米还持续加强与供应商的紧密联系，进行耦合度更高的联合研发。例如，小米成立了芯片平台部，其从产品定义阶段就开始深度参与到高通、MTK等供应商的联合研发，这也是为什么我们看到近些年小米集团已经取代三星，持续获得高通每一代旗舰芯片的首发权。另外值得一提的是，除了持续获得高通旗舰芯片的首发权，小米也屡屡获得联发科芯片的首发权。例如，Redmi Note 8系列首发了联发科Helio G90T液冷游戏芯，Redmi 10X系列首发了联发科天玑820 5G处理器。最后，小米通过前瞻的产品规划，已经能够做到不随意砍单，这给到了上游供应链充足信心，让它们更愿意与小米形成极具信任感的稳定合作关系，进而保障了在困难时期对小米的优先供给。另外，小米在供应链领域掌控能力的提升，除了在供应链具体环节的努力，还得益于小米其他领域短板的补足，其中最为重要的是小米构建的行业最为均衡的线上线下结合，国内与海外相结合的立体化渠道体系。首先在海外市场，小米集团目前已经进入了全球100多个国家和地区，其中智能手机出货量在全球62个国家和地区市占率排名前五，是12个国家的第一大智能手机品牌。具体而言，小米在俄罗斯（市场份额为32.1%）排名第一，在西班牙（市场份额为35.1%）排名第一，在意大利排名第二，在德国和法国排名第三。总体而言，小米在东欧排名第一，西欧排名第三。在国内市场，线上销售一直是小米的传统优势，自不用多说，而借助大型购物中心在各地兴起的机遇，小米利用自己丰富的产品组合优势，前瞻地聚焦在购物中心进行渠道布局，让小米在线下实现了弯道超车。据悉，截止2021年4月3日上午，小米在沈阳大悦城已经开业了全国第5000家小米之家。去年Redmi Note 9系列发布会上，卢伟冰曾表示在未来一年要将小米之家开到每个县城，加快县级市场下沉，让每个米粉身边都有一个小米之家。并且卢伟冰还表示，在2021年让小米之家遍布全国每个县城。前不久，小米宣布已经完成了江苏、河南两个大省的所有县的小米之家覆盖，接下来将会越来越快地有更多省所有县完成小米之家全覆盖。另外，继在县级市场取得飞速进展后，小米新零售战略进一步提速，全面下沉乡镇市场。卢伟冰在此次发布会上还立下新的目标：新开10000家小米之家乡镇授权店，让乡镇用户享受到高品质高性价比的小米产品。线上线下结合，国内与海外相结合的立体化渠道体系，充分保证了小米集团稳定的出货量。2020年财报显示，小米手机全球出货量高达1.46亿台，稳居全球第三，高端智能手机的销量已突破1000万台。大规模且稳定的出货量，进一步赢得上游供应商与小米的合作信心，愿意优先为其匹配更优质的供应链资源。3随着小米集团在供应链与渠道等领域的系统性能力的提升，强者越强的马太效应正在小米身上显现。就在“旗舰芯 小金刚”发布会次日，小米发布了2021年第一季度财报。财报显示，一季度小米集团总收入达到769亿元，同比增长54.7%；经调整净利润61亿元，同比增长163.8%；每股盈利0.302元，远高于市场预期的0.187元与去年同期的0.089元。其中，智能手机的基本盘业务依然是对小米集团业绩贡献最大的主力。2021年第一季度，小米全球智能手机出货量同比增长69.1%，达到4940万台，全球占有率已经升至14.1%。而此次Redmi Note 10系列发布，小米再次展现出其在供应链领域的优势，从而实现在最核心元器件芯片上的越级配置，这势必将进一步扩大其在智能手机行业的市场份额优势。已经进入正循环的小米，未来将带来什么样的惊喜，值得我们继续期待。----------------------------------------------------和虎友们分享一个好消息，老虎当前支持周末下单了！预挂单是老虎为用户提供的一种增值服务，可以支持用户在非交易时间段下单，目前支持止损单、止损限价单、限价单3种订单类型。也就是说，用户可以在休市期间，比如周末等节假日进行挂单，订单由老虎的交易系统保存，待开市后自动提交到交易所。点击了解详情>>>","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":1129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007121086,"gmtCreate":1642811575778,"gmtModify":1676533748503,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007121086","repostId":"2205016851","repostType":4,"isVote":1,"tweetType":1,"viewCount":5701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005203903,"gmtCreate":1642300398010,"gmtModify":1676533699357,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005203903","repostId":"1126777532","repostType":4,"isVote":1,"tweetType":1,"viewCount":7202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002035410,"gmtCreate":1641861192511,"gmtModify":1676533655692,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002035410","repostId":"2202739522","repostType":4,"repost":{"id":"2202739522","kind":"highlight","pubTimestamp":1641823366,"share":"https://ttm.financial/m/news/2202739522?lang=en_US&edition=fundamental","pubTime":"2022-01-10 22:02","market":"us","language":"zh","title":"US stock earnings season has kicked off; focus on these three things.","url":"https://stock-news.laohu8.com/highlight/detail?id=2202739522","media":"华尔街见闻","summary":"今年的开年对美股来说无疑是糟糕的一年，截至上周五，标准普尔指数下跌了1.9%，纳斯达克指数下跌了3.5%，这是自2000年互联网泡沫破灭以来，开年第一周的最大跌幅。当然，暴跌的罪魁祸首是美联储，上周三","content":"<p><html><head></head><body>The start of the year has undoubtedly been a bad one for U.S. stocks. As of last Friday, the S&P 500 was down 1.9% and the Nasdaq was down 3.5%, the biggest drop in the first week of the year since the bursting of the dot-com bubble in 2000.</p><p><img src=\"https://static.tigerbbs.com/a0d7f4e57f1692b89ef7ed0530a0875f\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Of course, the culprit behind the plunge was the Federal Reserve, whose correction last Wednesday coincided with the release of the hawkish December meeting minutes, which suggested that the Fed would not only accelerate its rate hike pace but also its shrinking balance sheet.</p><p>Last Friday's non-farm payrolls report showed that 199,000 new jobs were dismal compared to the 400,000 expected. However, this did not dispel hawkish expectations, as the unemployment rate, which was considered a completely meaningless statistic a few years ago, fell by 0.3% to 3.9% from 4.2% in November. Some investment banks expect the Federal Reserve to rate hike three to four times this year and to announce quantitative tightening early in the second half of the year.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>David Kostin, head of research at the Federal Reserve, pointed out that the Fed statement drove yields up rapidly, soaring to 1.80% last Friday, an increase of 24 basis points in just five days. The sharp rise in interest rates poses a clear risk to the valuation premium of the longest-lived stocks (high growth but low profit margins), which, unsurprisingly, have undergone a sharp correction in the past few days and months.</p><p><img src=\"https://static.tigerbbs.com/8d4818e922957081b66eaf87787079d4\" tg-width=\"500\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Although it may not feel obvious,<b>However, the market capitalization-to-revenue ratio (price-to-sales ratio) of these stocks has shrunk from a peak of 15 times in February to 12 times in early November, and then to 7 times now.</b></p><p><img src=\"https://static.tigerbbs.com/63d7c8efaa536421af5d61a6ce86461c\" tg-width=\"500\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><h2>What are market expectations for US stocks as they enter earnings season?</h2>Taking all these factors into account, investors are awaiting the fourth quarter 2021 earnings season, which begins this week.<b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a>(BLK),<a href=\"https://laohu8.com/S/C\">Citi</a>(C),<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>and<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The company will release its Q4 2021 financial report on Friday, January 14.</b></p><p>According to Kostin's calculations,<b>Between January 10 and February 11, companies accounting for 79% of the market capitalization of the S&P 500 will release their year-end results.</b></p><p><img src=\"https://static.tigerbbs.com/cd6f78d092c6db2597bb932e81cba920\" tg-width=\"500\" tg-height=\"119\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The market generally expects the S&P 500's earnings per share to increase by 20% year-over-year in the fourth quarter of 2021, compared to 48% in the first quarter, 88% in the second quarter, and 39% in the third quarter of 2021. If the consensus expectations for the fourth quarter are met, it will represent a step towards the normalization of trend growth.</p><p>In all industries,<b>Energy stocks are expected to turn from negative to positive returns.</b>Compared to the fourth quarter of 2020, earnings per share for materials (+57%), industrial (+47%), and healthcare (+16%) are expected to increase.<b>The highest growth will be achieved, while earnings per share for finance (0%) and consumer staples (+3%) are expected to grow little.</b></p><p><img src=\"https://static.tigerbbs.com/9f6c5834450082774e462aa9eabe2b67\" tg-width=\"500\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Despite soaring inflation, net profit margins are expected to increase by nearly 100 basis points year-on-year to 11.5%, indicating that all and some of the increases in input prices have been passed on to consumers. On a four-quarter rolling basis, the profit margin will reach 12.1%. It is worth noting that the actual results for the third quarter were 70 basis points higher than analysts' forecasts at the start of the earnings season. The energy and materials sector is expected to see the largest increase in profit margins.</p><p><h2>Focus on three things: Omega, the job market, and Biden's \"Build Back Better\" bill.</h2>Goldman Sachs believes that investors will focus on three key areas during the fourth-quarter earnings season and in 2022:</p><p><b>1. Threats to economic growth, especially from the COVID-19 variant</b></p><p>The Omeprone variant poses new risks to economic activity because it is more transmissible and could drag down reopening. Goldman Sachs economists recently lowered their U.S. economic growth forecast from 4.2% to 3.5%, partly due to the impact of Omeprone. Every 1 percentage point change in GDP growth can translate into approximately $7 in S&P 500 earnings per share.</p><p><b>2. Expanding profit margins will be a tough battle for businesses in 2022, partly due to the continued tightness of the job market.</b></p><p>During the recent third-quarter earnings call, corporate management lamented a historic worker shortage, especially for low-paying jobs in the service sector. Goldman Sachs economists expect the pace of wage increases to eventually slow to around 4%, but this may take several quarters to achieve.</p><p>Last Friday's employment report showed that average hourly wages rose 4.7% year-on-year. Companies with high labor costs or those vulnerable to wage inflation face the greatest difficulty in maintaining profits. Since the beginning of the fourth quarter, companies with high and stable gross margins have outperformed companies with low and volatile gross margins by 12 percentage points (+4% versus -9%), but trading has reversed slightly in recent weeks. The chart below shows a list of stocks with high and stable gross profit margins.</p><p><img src=\"https://static.tigerbbs.com/bf6493061fa899d224a126c8d5940346\" tg-width=\"500\" tg-height=\"362\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In addition, one headwind to profit margin expansion may soon improve: the supply chain bottlenecks that plagued companies in 2021. During this period, the company's management adopted a combination of price increases and cost control measures to offset the impact of soaring raw material and transportation prices. Looking ahead to 2022, Goldman Sachs points out that market indicators measuring supply chain tightness appear to be slowly easing, and transportation costs have begun to decline in recent weeks.</p><p><b>3. The restart and eventual passage of Biden's \"Build Back Better\" bill will have a mixed impact on US stocks.</b></p><p>In late December, Senator Joe Manchin vetoed the draft legislation. Goldman Sachs estimates that if the bill passes this year, the corresponding tax reforms will reduce the earnings per share of the S&P 500 by 2-3% compared to the current tax policy, but the bill will not take effect until 2023 at the earliest. However, by then, the Democrats will no longer have an absolute majority in Congress, so everything will change.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US stock earnings season has kicked off; focus on these three things.</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\">\nUS stock earnings season has kicked off; focus on these three things.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-01-10 22:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The start of the year has undoubtedly been a bad one for U.S. stocks. As of last Friday, the S&P 500 was down 1.9% and the Nasdaq was down 3.5%, the biggest drop in the first week of the year since the bursting of the dot-com bubble in 2000.</p><p><img src=\"https://static.tigerbbs.com/a0d7f4e57f1692b89ef7ed0530a0875f\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Of course, the culprit behind the plunge was the Federal Reserve, whose correction last Wednesday coincided with the release of the hawkish December meeting minutes, which suggested that the Fed would not only accelerate its rate hike pace but also its shrinking balance sheet.</p><p>Last Friday's non-farm payrolls report showed that 199,000 new jobs were dismal compared to the 400,000 expected. However, this did not dispel hawkish expectations, as the unemployment rate, which was considered a completely meaningless statistic a few years ago, fell by 0.3% to 3.9% from 4.2% in November. Some investment banks expect the Federal Reserve to rate hike three to four times this year and to announce quantitative tightening early in the second half of the year.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>David Kostin, head of research at the Federal Reserve, pointed out that the Fed statement drove yields up rapidly, soaring to 1.80% last Friday, an increase of 24 basis points in just five days. The sharp rise in interest rates poses a clear risk to the valuation premium of the longest-lived stocks (high growth but low profit margins), which, unsurprisingly, have undergone a sharp correction in the past few days and months.</p><p><img src=\"https://static.tigerbbs.com/8d4818e922957081b66eaf87787079d4\" tg-width=\"500\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Although it may not feel obvious,<b>However, the market capitalization-to-revenue ratio (price-to-sales ratio) of these stocks has shrunk from a peak of 15 times in February to 12 times in early November, and then to 7 times now.</b></p><p><img src=\"https://static.tigerbbs.com/63d7c8efaa536421af5d61a6ce86461c\" tg-width=\"500\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><h2>What are market expectations for US stocks as they enter earnings season?</h2>Taking all these factors into account, investors are awaiting the fourth quarter 2021 earnings season, which begins this week.<b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a>(BLK),<a href=\"https://laohu8.com/S/C\">Citi</a>(C),<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>and<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>The company will release its Q4 2021 financial report on Friday, January 14.</b></p><p>According to Kostin's calculations,<b>Between January 10 and February 11, companies accounting for 79% of the market capitalization of the S&P 500 will release their year-end results.</b></p><p><img src=\"https://static.tigerbbs.com/cd6f78d092c6db2597bb932e81cba920\" tg-width=\"500\" tg-height=\"119\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The market generally expects the S&P 500's earnings per share to increase by 20% year-over-year in the fourth quarter of 2021, compared to 48% in the first quarter, 88% in the second quarter, and 39% in the third quarter of 2021. If the consensus expectations for the fourth quarter are met, it will represent a step towards the normalization of trend growth.</p><p>In all industries,<b>Energy stocks are expected to turn from negative to positive returns.</b>Compared to the fourth quarter of 2020, earnings per share for materials (+57%), industrial (+47%), and healthcare (+16%) are expected to increase.<b>The highest growth will be achieved, while earnings per share for finance (0%) and consumer staples (+3%) are expected to grow little.</b></p><p><img src=\"https://static.tigerbbs.com/9f6c5834450082774e462aa9eabe2b67\" tg-width=\"500\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Despite soaring inflation, net profit margins are expected to increase by nearly 100 basis points year-on-year to 11.5%, indicating that all and some of the increases in input prices have been passed on to consumers. On a four-quarter rolling basis, the profit margin will reach 12.1%. It is worth noting that the actual results for the third quarter were 70 basis points higher than analysts' forecasts at the start of the earnings season. The energy and materials sector is expected to see the largest increase in profit margins.</p><p><h2>Focus on three things: Omega, the job market, and Biden's \"Build Back Better\" bill.</h2>Goldman Sachs believes that investors will focus on three key areas during the fourth-quarter earnings season and in 2022:</p><p><b>1. Threats to economic growth, especially from the COVID-19 variant</b></p><p>The Omeprone variant poses new risks to economic activity because it is more transmissible and could drag down reopening. Goldman Sachs economists recently lowered their U.S. economic growth forecast from 4.2% to 3.5%, partly due to the impact of Omeprone. Every 1 percentage point change in GDP growth can translate into approximately $7 in S&P 500 earnings per share.</p><p><b>2. Expanding profit margins will be a tough battle for businesses in 2022, partly due to the continued tightness of the job market.</b></p><p>During the recent third-quarter earnings call, corporate management lamented a historic worker shortage, especially for low-paying jobs in the service sector. Goldman Sachs economists expect the pace of wage increases to eventually slow to around 4%, but this may take several quarters to achieve.</p><p>Last Friday's employment report showed that average hourly wages rose 4.7% year-on-year. Companies with high labor costs or those vulnerable to wage inflation face the greatest difficulty in maintaining profits. Since the beginning of the fourth quarter, companies with high and stable gross margins have outperformed companies with low and volatile gross margins by 12 percentage points (+4% versus -9%), but trading has reversed slightly in recent weeks. The chart below shows a list of stocks with high and stable gross profit margins.</p><p><img src=\"https://static.tigerbbs.com/bf6493061fa899d224a126c8d5940346\" tg-width=\"500\" tg-height=\"362\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In addition, one headwind to profit margin expansion may soon improve: the supply chain bottlenecks that plagued companies in 2021. During this period, the company's management adopted a combination of price increases and cost control measures to offset the impact of soaring raw material and transportation prices. Looking ahead to 2022, Goldman Sachs points out that market indicators measuring supply chain tightness appear to be slowly easing, and transportation costs have begun to decline in recent weeks.</p><p><b>3. The restart and eventual passage of Biden's \"Build Back Better\" bill will have a mixed impact on US stocks.</b></p><p>In late December, Senator Joe Manchin vetoed the draft legislation. Goldman Sachs estimates that if the bill passes this year, the corresponding tax reforms will reduce the earnings per share of the S&P 500 by 2-3% compared to the current tax policy, but the bill will not take effect until 2023 at the earliest. However, by then, the Democrats will no longer have an absolute majority in Congress, so everything will change.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3649328\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{"BLK":"贝莱德","BK4550":"红杉资本持仓","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4566":"资本集团","GS":"高盛","BK4535":"淡马锡持仓","BK4552":"Archegos爆仓风波概念","BK4127":"投资银行业与经纪业","BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","C":"花旗","BK4207":"综合性银行","BK4135":"资产管理与托管银行"},"source_url":"https://wallstreetcn.com/articles/3649328","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2202739522","content_text":"今年的开年对美股来说无疑是糟糕的一年，截至上周五，标准普尔指数下跌了1.9%，纳斯达克指数下跌了3.5%，这是自2000年互联网泡沫破灭以来，开年第一周的最大跌幅。当然，暴跌的罪魁祸首是美联储，上周三的调整走势与鹰派的12月会议纪要的发布相吻合，该纪要暗示，美联储不仅将加快加息步伐，而且还将加快缩表。上周五的非农就业报告显示，19.9万的新增就业人数相对40万的预期而言较为惨淡，但这并没有打消鹰派的预期，因为几年前还被视为完全无意义的统计数字——失业率，从11月的4.2%下降到了3.9%，下降了0.3%。一些投行预计今年美联储将加息三到四次，并且将在下半年早些时候宣布量化紧缩。高盛的研究主管David Kostin指出，美联储声明推动收益率迅速走高，上周五飙升至1.80%，仅5天就上涨了24个基点；利率的急剧上升对最长久期股票（高增长但低利润率）的估值溢价构成了明显的风险，不出所料，这些股票在过去的几天以及过去的几个月里，都发生了剧烈的调整。虽然感觉可能不明显，但这些股票的市值营收比（市销率）已从2月的峰值15倍压缩到11月初的12倍，再到目前的7倍。美股迎来财报季 市场预期如何？考虑到所有这些因素，投资者正等待本周开始的2021年第四季度财报季，贝莱德（BLK）、花旗（C）、摩根大通和富国银行将于1月14日（周五）发布2021年第四季度财报。根据Kostin的计算，在1月10日至2月11日期间，占标准普尔500指数市值79%的公司将公布年终业绩。市场普遍预计2021年第四季度标准普尔500指数每股收益将同比增长20%，2021年前三季度依次为一季度48%、二季度88%和三季度39%。如果对第四季度的共识预期得以实现，这将代表着朝着趋势增长的正常化方向迈出了一步。在所有行业中，能源股预计将从负收益转为正收益。与2020年第四季度相比，材料(+57%)、工业(+47%)和医疗保健(+16%)的每股收益预计将实现最高增长，而金融(0%)和消费必需品(+3%)的每股收益预计几乎不会增长。尽管通胀飙升，但预计净利润率将同比增长近100个基点，至11.5%，这表明所有以及部分投入价格的上涨都已转嫁给了消费者。按四个季度滚动计算，利润率将达到12.1%。值得注意的是，第三季度的实际业绩比财报季开始时分析师的预测高出70个基点。预计能源和材料行业的利润率增幅最大。重点关注三件事：奥密克戎、就业市场、拜登“重建更好”法案高盛认为，投资者将在第四季度财报季和2022年重点关注三个方面事项：1、经济增长面临的威胁，特别是来自新冠变异病毒的威胁奥密克戎变异株给经济活动带来了新的风险，因为它具有更高的传播性，或将拖累重新开放。高盛经济学家最近将美国经济增长预测从4.2%下调至3.5%，部分原因是奥密克戎的影响。GDP增长中每1个百分点的变化可以转化为大约 7 美元的标准普尔500指数每股收益。2、2022年，扩大利润率对企业来说将是一场艰苦的战斗，部分原因是就业市场持续吃紧在最近的第三季度财报电话会议中，企业管理层对历史性的工人短缺感到遗憾，尤其是服务业的低薪岗位。高盛经济学家预计，工资上涨的步伐最终将放缓至4%左右，但这可能需要几个季度才能实现。上周五的就业报告显示，平均时薪同比增长4.7%。劳动力成本高或容易受到工资通胀影响的公司，在保持利润方面面临的困难最大。自四季度初以来，毛利率高且稳定的公司比毛利率低且波动的公司高出12个百分点（+4%对-9%），但最近几周交易略有逆转。下图显示了毛利率高且稳定的股票列表。此外，利润率扩张面临的一个不利因素可能很快会得到改善，那就是2021年困扰企业的供应链瓶颈问题。期间，企业管理层采取了价格上涨和成本控制相结合的措施，以抵消原材料和运输价格飙升的影响。展望2022年，高盛指出，衡量供应链紧张程度的市场指标似乎正在缓慢放松，运输成本近几周已开始下降。3、拜登的“重建更好”法案的重启和最终通过，将对美股产生好坏参半的影响去年12月底，参议员乔·曼钦(Joe Manchin)否决了该立法草案。高盛估计，如果该法案在今年通过，相应的税收改革将使标准普尔500指数的每股收益相对于当前的税收政策，降低减少2-3%，但该法案最早要到2023年才会生效。然而，到那时，民主党将不再在国会中拥有绝对多数，所以一切都将发生变化。","news_type":1,"symbols_score_info":{"GS":0.6,"BLK":1,"C":1}},"isVote":1,"tweetType":1,"viewCount":2344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006600288,"gmtCreate":1641697484125,"gmtModify":1676533640943,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006600288","repostId":"1147279991","repostType":4,"repost":{"id":"1147279991","kind":"news","weMediaInfo":{"introduction":"提供来自华尔街的观点，观察市场，提供独道的解读视角。","home_visible":1,"media_name":"老虎锐评","id":"1005414032","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641563858,"share":"https://ttm.financial/m/news/1147279991?lang=en_US&edition=fundamental","pubTime":"2022-01-07 21:57","market":"us","language":"zh","title":"Tiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.","url":"https://stock-news.laohu8.com/highlight/detail?id=1147279991","media":"老虎锐评","summary":"盘前观察美股盘前小跌，全球新冠确诊数超过3亿（美国贡献近20%，接近6,000万）。12月非农就业：新增就业不及预期，但失业率好于预期其实现在关注非农就业数据，多多少少有点鸡肋。对于市场参与者，关注宏","content":"<p><html><head></head><body><b>Pre-market observation</b></p><p>U.S. stocks fell slightly in pre-market trading as the number of confirmed COVID-19 cases worldwide exceeded 300 million (the U.S. contributed nearly 20%, approaching 60 million).</p><p><b>December non-farm payrolls: New jobs fell short of expectations, but the unemployment rate was better than expected.</b></p><p>In fact, focusing on non-farm payroll data now is somewhat useless. For market participants, the logic behind focusing on macroeconomic data is (1) focusing on the macroeconomy -> (2) inferring the Federal Reserve's monetary policy -> (3) judging market trends. In fact, this logical chain has never been very effective. (1) The quality of the macroeconomy is the basis for the Federal Reserve's monetary policy, but the relationship between the two keeps changing. (2) The relationship between the Federal Reserve’s monetary policy and market trends is even more blurred. The rate hike cycle market can rise, and the market can fall during the zero interest rate period. This is why fewer and fewer hedge funds on Wall Street are using \"macro strategies\" as their investment strategies, and the remaining \"macro strategy\" hedge funds have rather embarrassing returns.</p><p>The relationship between (2) and (3) was already very vague, and now the relationship between (1) and (2) is even more lacking. Regardless of the non-farm payroll data, the Federal Reserve's pace of tightening liquidity in rate hike will absolutely not change. This is why I say that focusing on non-farm payroll data now is somewhat useless for market participants.</p><p>December non-farm payrolls data showed new jobs of +199,000 (expected +450,000) and an unemployment rate of +3.9% (expected +4.1%).</p><p>Similar to the previous analysis of non-farm payroll data, the real highlights are the other two. The first point to watch is how the slowest-growing occupation among the unemployed, \"Leisure and Hospitality,\" is recovering. The second point to watch is whether the persistently low labor force participation rate has increased.</p><p>\"Leisure and Hospitality\" continued to grow in December, but the growth rate slowed down, just like in November. The data for December includes the impact of the pandemic. In general, after nearly two years of suffering from COVID-19, some restaurants/hotels/entertainment industries in the United States have chosen to close permanently, which is almost irreversible. To give an example known to Chinese people in New York, Jinfeng Grand Restaurant (with 800 seats), a dim sum restaurant that had existed in Chinatown for 28 years, chose to close permanently during this round of COVID-19.</p><p>The labor force participation rate remained the same as last month at 61.9%. The labor force participation rate has been slow to recover, indicating that labor costs remain high, which means that the CPI in December will not fall anytime soon. However, I still maintain that the CPI in the first quarter of this year will decline rapidly, just like the pandemic data.</p><p>In summary, while the unemployment rate was better than expected, other data were less than satisfactory. However, whether the data is good or bad cannot stop the Federal Reserve from releasing rate hike in March.</p><p><img src=\"https://static.tigerbbs.com/3202d6698fcff5cf78ea08a7ff55f2da\" tg-width=\"936\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p><b>Company News</b></p><p>Moderna (MRNA): CEO Bancel warns that the efficacy of booster shots may decline over time. People may need a fourth injection this fall to enhance protection. The CDC currently recommends two doses of the Moderna COVID-19 vaccine followed by a booster shot six months later.</p><p>Quidel (QDEL): Q4 revenue is expected to be $633 million to $637 million, exceeding market expectations of $466 million. The expected increase in revenue is mainly due to increased demand for COVID-19 testing and other disease testing.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA): The starting price of the US Model X Plaid has increased from $119,990 to $126,490. The reason is that other seating options for the model have been removed, all of which are specified as a six-seat configuration priced at $6,500, with deliveries expected to begin in October.</p><p>Tesla (TSLA): 15 Semi electric semi-trailers may be delivered to Pepsi (PEP) this month. Pepsi announced last March that it would receive the Tesla Semi electric semi-trailer, which Tesla began producing at its Nevada Gigafactory last December.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL): CEO Tim Cook's total compensation in 2021 was $98.7 million. A base salary of $3 million and stock-based compensation of $82.34 million will be awarded in time-based installments, including $37.5 million in time-based stock and $44.8 million in performance-based stock.</p><p>SONO: International Trade Commission Ruling<a href=\"https://laohu8.com/S/GOOG\">Google</a>(GOOGL) infringed on some of its audio patents for Nest speakers. Google said it plans to appeal the ruling.</p><p>T-Mobile (TMUS): Net paying subscribers increased by 844,000 in the fourth quarter, below market expectations of 868,000. The total number of new users in 2021 was approximately 2.9 million.</p><p><a href=\"https://laohu8.com/S/NYT\">New York times</a>(NYT): Announced The acquisition of sports news website The Athletic for $550 million. The Athletic has over 1 million subscribers, and The transaction is expected to close in The first quarter. The website will remain a standalone project thereafter. The New York Times currently has more than 8 million subscribers.</p><p><a href=\"https://laohu8.com/S/CZR\">Caesar Entertainment</a>(CZR) & DraftKings (DKNG): The New York State Gaming Commission announced that four companies can operate mobile sports betting businesses in New York. Caesars, DraftKings, FanDuel, and Rush Street Interactive can begin operating mobile sportsbooks on Saturday mornings.</p><p><b>other</b></p><p>There were 300,451,850 (+1,966,759) confirmed cases and 5,474,348 (+6,143) deaths worldwide.</p><p>The United States confirmed 58,487,940 (+610,989) cases and 833,989 (+1,404) deaths.</p><p>New York State has 3,890,666 (+84,202) confirmed cases and 60,166 (+130) deaths.</p><p>U.S. non-farm payrolls increased by 199,000 in December, compared to an expected 447,000 and a previous reading of 210,000.</p><p>The head of the U.S. CDC will hold a press conference at 11 a.m. after six of Biden's public health advisors from the presidential transition period published articles calling on the Biden administration to adopt new protest strategies to adapt to coexisting with the virus rather than completely eliminating it.</p><p>Federal Reserve Vice Chair Clarida's stock trading behavior in the early stages of the COVID-19 pandemic has sparked new controversy.</p><p><img src=\"https://static.tigerbbs.com/568899c19bad5bedd5f1532327af0500\" tg-width=\"937\" tg-height=\"89\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nTiger's Pre-Market Observation: Non-farm payroll data cannot stop the Fed's March rate hike.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1005414032\">\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\">老虎锐评 </p>\n<p class=\"h-time smaller\">2022-01-07 21:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Pre-market observation</b></p><p>U.S. stocks fell slightly in pre-market trading as the number of confirmed COVID-19 cases worldwide exceeded 300 million (the U.S. contributed nearly 20%, approaching 60 million).</p><p><b>December non-farm payrolls: New jobs fell short of expectations, but the unemployment rate was better than expected.</b></p><p>In fact, focusing on non-farm payroll data now is somewhat useless. For market participants, the logic behind focusing on macroeconomic data is (1) focusing on the macroeconomy -> (2) inferring the Federal Reserve's monetary policy -> (3) judging market trends. In fact, this logical chain has never been very effective. (1) The quality of the macroeconomy is the basis for the Federal Reserve's monetary policy, but the relationship between the two keeps changing. (2) The relationship between the Federal Reserve’s monetary policy and market trends is even more blurred. The rate hike cycle market can rise, and the market can fall during the zero interest rate period. This is why fewer and fewer hedge funds on Wall Street are using \"macro strategies\" as their investment strategies, and the remaining \"macro strategy\" hedge funds have rather embarrassing returns.</p><p>The relationship between (2) and (3) was already very vague, and now the relationship between (1) and (2) is even more lacking. Regardless of the non-farm payroll data, the Federal Reserve's pace of tightening liquidity in rate hike will absolutely not change. This is why I say that focusing on non-farm payroll data now is somewhat useless for market participants.</p><p>December non-farm payrolls data showed new jobs of +199,000 (expected +450,000) and an unemployment rate of +3.9% (expected +4.1%).</p><p>Similar to the previous analysis of non-farm payroll data, the real highlights are the other two. The first point to watch is how the slowest-growing occupation among the unemployed, \"Leisure and Hospitality,\" is recovering. The second point to watch is whether the persistently low labor force participation rate has increased.</p><p>\"Leisure and Hospitality\" continued to grow in December, but the growth rate slowed down, just like in November. The data for December includes the impact of the pandemic. In general, after nearly two years of suffering from COVID-19, some restaurants/hotels/entertainment industries in the United States have chosen to close permanently, which is almost irreversible. To give an example known to Chinese people in New York, Jinfeng Grand Restaurant (with 800 seats), a dim sum restaurant that had existed in Chinatown for 28 years, chose to close permanently during this round of COVID-19.</p><p>The labor force participation rate remained the same as last month at 61.9%. The labor force participation rate has been slow to recover, indicating that labor costs remain high, which means that the CPI in December will not fall anytime soon. However, I still maintain that the CPI in the first quarter of this year will decline rapidly, just like the pandemic data.</p><p>In summary, while the unemployment rate was better than expected, other data were less than satisfactory. However, whether the data is good or bad cannot stop the Federal Reserve from releasing rate hike in March.</p><p><img src=\"https://static.tigerbbs.com/3202d6698fcff5cf78ea08a7ff55f2da\" tg-width=\"936\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p><b>Company News</b></p><p>Moderna (MRNA): CEO Bancel warns that the efficacy of booster shots may decline over time. People may need a fourth injection this fall to enhance protection. The CDC currently recommends two doses of the Moderna COVID-19 vaccine followed by a booster shot six months later.</p><p>Quidel (QDEL): Q4 revenue is expected to be $633 million to $637 million, exceeding market expectations of $466 million. The expected increase in revenue is mainly due to increased demand for COVID-19 testing and other disease testing.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA): The starting price of the US Model X Plaid has increased from $119,990 to $126,490. The reason is that other seating options for the model have been removed, all of which are specified as a six-seat configuration priced at $6,500, with deliveries expected to begin in October.</p><p>Tesla (TSLA): 15 Semi electric semi-trailers may be delivered to Pepsi (PEP) this month. Pepsi announced last March that it would receive the Tesla Semi electric semi-trailer, which Tesla began producing at its Nevada Gigafactory last December.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL): CEO Tim Cook's total compensation in 2021 was $98.7 million. A base salary of $3 million and stock-based compensation of $82.34 million will be awarded in time-based installments, including $37.5 million in time-based stock and $44.8 million in performance-based stock.</p><p>SONO: International Trade Commission Ruling<a href=\"https://laohu8.com/S/GOOG\">Google</a>(GOOGL) infringed on some of its audio patents for Nest speakers. Google said it plans to appeal the ruling.</p><p>T-Mobile (TMUS): Net paying subscribers increased by 844,000 in the fourth quarter, below market expectations of 868,000. The total number of new users in 2021 was approximately 2.9 million.</p><p><a href=\"https://laohu8.com/S/NYT\">New York times</a>(NYT): Announced The acquisition of sports news website The Athletic for $550 million. The Athletic has over 1 million subscribers, and The transaction is expected to close in The first quarter. The website will remain a standalone project thereafter. The New York Times currently has more than 8 million subscribers.</p><p><a href=\"https://laohu8.com/S/CZR\">Caesar Entertainment</a>(CZR) & DraftKings (DKNG): The New York State Gaming Commission announced that four companies can operate mobile sports betting businesses in New York. Caesars, DraftKings, FanDuel, and Rush Street Interactive can begin operating mobile sportsbooks on Saturday mornings.</p><p><b>other</b></p><p>There were 300,451,850 (+1,966,759) confirmed cases and 5,474,348 (+6,143) deaths worldwide.</p><p>The United States confirmed 58,487,940 (+610,989) cases and 833,989 (+1,404) deaths.</p><p>New York State has 3,890,666 (+84,202) confirmed cases and 60,166 (+130) deaths.</p><p>U.S. non-farm payrolls increased by 199,000 in December, compared to an expected 447,000 and a previous reading of 210,000.</p><p>The head of the U.S. CDC will hold a press conference at 11 a.m. after six of Biden's public health advisors from the presidential transition period published articles calling on the Biden administration to adopt new protest strategies to adapt to coexisting with the virus rather than completely eliminating it.</p><p>Federal Reserve Vice Chair Clarida's stock trading behavior in the early stages of the COVID-19 pandemic has sparked new controversy.</p><p><img src=\"https://static.tigerbbs.com/568899c19bad5bedd5f1532327af0500\" tg-width=\"937\" tg-height=\"89\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1c7221d934f1008e531bdf79c8cfe0ee","relate_stocks":{"518880":"黄金ETF华安","QQQ":"纳指100ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯","QID":"两倍做空纳斯达克指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","DDM":"2倍做多道指ETF-ProShares","SPY":"标普500ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4534":"瑞士信贷持仓","DJX":"1/100道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147279991","content_text":"盘前观察美股盘前小跌，全球新冠确诊数超过3亿（美国贡献近20%，接近6,000万）。12月非农就业：新增就业不及预期，但失业率好于预期其实现在关注非农就业数据，多多少少有点鸡肋。对于市场参与者，关注宏观数据的逻辑是（1）关注宏观经济->（2）推断美联储货币政策->（3）判断市场走势。其实这个逻辑链条一直以来都不太有效，（1）宏观经济好坏是美联储货币政策的依据，但两者的关系变来变去；（2）美联储货币政策和市场走势的关系就更模糊了，加息周期市场可以涨，0利率期间市场也可以跌。这也就是为何当下华尔街以“宏观策略”作为投资策略的对冲基金越来越少，而仅存的“宏观策略”对冲基金收益都比较尴尬。原来（2）->（3）的关系就很模糊，现在（1）->（2）的关系就更缺乏了。不管非农就业数据怎么样，美联储加息收紧流动性的步伐绝对不会改变。这就是我为何说现在关注非农就业数据，对于市场参与者有点鸡肋的原因。12月非农就业数据，新增就业+199,000（预期+450,000），失业率+3.9%（预期+4.1%）。和上次非农就业数据分析一样，其实真正的看点是另外两个。第一个看点，失业人口中增长最缓慢的职业“Leisure and Hospitality”（酒店餐馆服务业）恢复得怎么样？第二个看点，就是持续低迷的劳动参与率有没有提高。“Leisure and Hospitality”12月仍在增长，但增速和11月一样，慢下来了。12月的数据包含了疫情的影响。总的来说，经过近两年新冠的折磨，美国有的餐馆/酒店/娱乐行业已经选择了永久关门，这一点几乎不可逆。举一个纽约华人知道的例子，在唐人街存在了28年的早茶店金丰大酒楼（拥有800个座位），在这一轮新冠中选择了永久关门。劳动参与率和上个月一样，依旧是61.9%。劳动参与率迟迟不能恢复，就预示了劳动力成本依然贵，也就说明12月的CPI不会很快回落。不过我还是坚持认为，今年1季度的CPI，会迅速回落，和疫情数据一样。总结一下，尽管失业率比预期的好，但其它数据都不尽如人意。不过数据好或者不好，都不能阻挡美联储3月加息。公司新闻Moderna(MRNA)：CEO Bancel警告称，加强针的功效可能会随着时间推移而下降。人们可能需要在今年秋季注射第四针以增强保护。目前CDC建议注射两剂Moderna新冠疫苗6个月后注射加强针。Quidel(QDEL)：预计4季度营收$6.33亿至$6.37亿，高于市场预期$4.66亿。营收预期上涨主要受益于新冠检测和其他疾病检测的需求增加。特斯拉(TSLA)：美国Model X Plaid起价从$119,990升至$126,490。原因是取消了该车型的其他座椅配置选择，均规定为价格$6,500的6座配置，预计10月开始交付。特斯拉(TSLA)：本月或将向百事(PEP)交付15辆Semi电动半挂车。百事去年3月宣布将接收特斯拉Semi电动半挂车，特斯拉去年12月开始在内华达超级工厂生产这款车。苹果(AAPL)：CEO库克2021年总薪酬$9,870万。基本工资$300万，股票报酬$8,234万，将按时间分期授予，包括基于时间的股票$3,750万和基于绩效的股票$4,480万。索诺声(SONO)：国际贸易委员会裁定谷歌(GOOGL)侵犯了其Nest扬声器的部分音频专利。谷歌表示计划对该裁决提起上诉。T-Mobile(TMUS)：4季度付费用户净增844,000个，低于市场预期868,000个。2021年新增用户总数约为290万。纽约时报(NYT)：宣布以$5.5亿收购体育新闻网站The Athletic。The Athletic拥有超过100万订阅用户，预计交易会在1季度完成，后续该网站将仍是独立项目。目前纽约时报拥有超过800万订阅用户。凯撒娱乐(CZR) & DraftKings(DKNG)：纽约州博彩委员会宣布4家公司可在纽约开展移动端的体育博彩业务。凯撒、DraftKings、FanDuel和Rush Street Interactive可在周六上午开始运营移动端体育博彩。其它全球确诊300,451,850(+1,966,759)例，死亡5,474,348(+6,143)例。美国确诊58,487,940(+610,989)例，死亡833,989(+1,404)例。纽约州确诊3,890,666(+84,202)例，死亡60,166(+130)例。美国12月非农就业人口增加19.9万，预期44.7万，前值21万。美CDC主管将于11点召开新闻发布会，此前拜登6位在总统交接时期公共卫生顾问发表文章，呼吁拜登政府采取新的抗议策略，适应与病毒共存而非彻底消除病毒。美联储副主席Clarida在新冠疫情爆发初期的股票交易行为引发新的争议。","news_type":1,"symbols_score_info":{"518880":0.9,"QQQ":0.9,"PSQ":0.9,"MGCmain":0.9,"DJX":0.9,".IXIC":0.9,"SGCmain":0.9,"SImain":0.9,"SGUmain":0.9,"MNQmain":0.9,"SQQQ":0.9,".SPX":0.9,"TQQQ":0.9,"QLD":0.9,"NQmain":0.9,".DJI":0.9,"DDM":0.9,"QID":0.9,"SPY":0.9,"GCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004526274,"gmtCreate":1642641408634,"gmtModify":1676533731065,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004526274","repostId":"1169412220","repostType":4,"isVote":1,"tweetType":1,"viewCount":5867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001649684,"gmtCreate":1641252072668,"gmtModify":1676533587555,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"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/9001649684","repostId":"2200428519","repostType":4,"isVote":1,"tweetType":1,"viewCount":1960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009182966,"gmtCreate":1640568917582,"gmtModify":1676533526267,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"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/9009182966","repostId":"1134513547","repostType":4,"isVote":1,"tweetType":1,"viewCount":1900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000716577,"gmtCreate":1640306289141,"gmtModify":1676533515343,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/GDX\">$黄金矿业ETF(Market Vectors)(GDX)$</a>gogogo","listText":"<a href=\"https://ttm.financial/S/GDX\">$黄金矿业ETF(Market Vectors)(GDX)$</a>gogogo","text":"$黄金矿业ETF(Market Vectors)(GDX)$gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000716577","repostId":"2193206128","repostType":4,"repost":{"id":"2193206128","kind":"highlight","pubTimestamp":1640303039,"share":"https://ttm.financial/m/news/2193206128?lang=en_US&edition=fundamental","pubTime":"2021-12-24 07:43","market":"hk","language":"zh","title":"Contradicting Biden, traders say US inflation will be higher next year.","url":"https://stock-news.laohu8.com/highlight/detail?id=2193206128","media":"华尔街见闻","summary":"美国11月CPI同比增长6.8%，和本周四公布的美联储青睐通胀指标PCE物价指数11月均创1982年来最高增速。交易员称，美联储正在把通胀风险置于比经济下行风险还重要的位置。","content":"<p>Although Biden vowed nearly two weeks ago that U.S. inflation had peaked, some market participants are less optimistic.</p><p>Traders who accurately predicted rising bond market inflation expectations this year—<a href=\"https://laohu8.com/S/BIRG.UK\">Irish Bank</a>Semin Soher Power, head of the Inflation Trading Room in Dublin, predicts that U.S. inflation will rise further due to economic growth, and inflation levels in the first half of next year may exceed most analysts' expectations.</p><p>Power predicts that the U.S. CPI will rise by more than 7% year-on-year in the first quarter of next year, higher than the 6.8% growth rate in November and also higher than the median estimate of 6.3% for the first quarter by analysts surveyed by Bloomberg.</p><p>Power believes that inflationary pressures \"are now driven more by economic growth,\" not simply by rising energy prices or an economic restart. Both markets and central banks are aware of this, so the Federal Reserve no longer uses the term \"temporary\" to describe inflationary pressures. Power said:</p><p>\"The central bank is changing its response mechanism, placing inflation risks in a more important position than the economic downside risks also caused by the Omega epidemic.\" Both indicators released the week before last highlighted the soaring inflation trend in the United States: the PPI rose 9.6% year-on-year in November, the highest growth rate on record; The CPI rose 6.8% year-on-year in November, the highest growth rate since 1982.</p><p>As previously mentioned in a Wall Street Insights article, on the same day the November CPI was released, on the 10th of this month, Biden commented that price increases had peaked, saying that half of the price increases in the November CPI came from automobile and energy costs. After that, prices in these two areas began to decline, and prices would slow down faster than expected.</p><p>Earlier this Thursday, the Federal Reserve's preferred inflation indicators—the PCE price index and the core PCE price index—rose 5.7% and 4.7% year-on-year in November, respectively, both higher than the October growth rate and both reaching their highest growth rates since 1982. The U.S. 5-year break-even inflation rate, also known as the break-even inflation rate, which reflects market expectations for inflation over the next five years, is currently about 2.76%, higher than the Federal Reserve's long-term inflation target of 2%.</p><p><img src=\"https://static.tigerbbs.com/9ddcd451bfa23f37cc103557bbcc31a4\" tg-width=\"995\" tg-height=\"572\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following its meeting last Wednesday, the Federal Reserve announced it would accelerate Taper, reducing bond purchases by $30 billion per month starting in January next year, double the level of reduced bond purchases in November and December this year. The post-meeting resolution statement removed the claim that inflation originated from \"temporary\" factors and replaced it with \"pandemic-related supply and demand imbalances and the resumption of work have continued to contribute to high levels of inflation.\" In its updated economic outlook, it raised its PCE inflation forecast for the next three years.</p><p>At the post-meeting press conference, Federal Reserve Chairman Jerome Powell said that high inflation in the United States forced the Fed to accelerate its tapering, and that the Fed's policy framework did not anticipate such high inflation. He also said that the Federal Reserve has significantly raised its inflation forecast for next year, and that U.S. inflation could become more stubborn, which is a real risk.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Contradicting Biden, traders say US inflation will be higher next year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContradicting Biden, traders say US inflation will be higher next year.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-12-24 07:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Although Biden vowed nearly two weeks ago that U.S. inflation had peaked, some market participants are less optimistic.</p><p>Traders who accurately predicted rising bond market inflation expectations this year—<a href=\"https://laohu8.com/S/BIRG.UK\">Irish Bank</a>Semin Soher Power, head of the Inflation Trading Room in Dublin, predicts that U.S. inflation will rise further due to economic growth, and inflation levels in the first half of next year may exceed most analysts' expectations.</p><p>Power predicts that the U.S. CPI will rise by more than 7% year-on-year in the first quarter of next year, higher than the 6.8% growth rate in November and also higher than the median estimate of 6.3% for the first quarter by analysts surveyed by Bloomberg.</p><p>Power believes that inflationary pressures \"are now driven more by economic growth,\" not simply by rising energy prices or an economic restart. Both markets and central banks are aware of this, so the Federal Reserve no longer uses the term \"temporary\" to describe inflationary pressures. Power said:</p><p>\"The central bank is changing its response mechanism, placing inflation risks in a more important position than the economic downside risks also caused by the Omega epidemic.\" Both indicators released the week before last highlighted the soaring inflation trend in the United States: the PPI rose 9.6% year-on-year in November, the highest growth rate on record; The CPI rose 6.8% year-on-year in November, the highest growth rate since 1982.</p><p>As previously mentioned in a Wall Street Insights article, on the same day the November CPI was released, on the 10th of this month, Biden commented that price increases had peaked, saying that half of the price increases in the November CPI came from automobile and energy costs. After that, prices in these two areas began to decline, and prices would slow down faster than expected.</p><p>Earlier this Thursday, the Federal Reserve's preferred inflation indicators—the PCE price index and the core PCE price index—rose 5.7% and 4.7% year-on-year in November, respectively, both higher than the October growth rate and both reaching their highest growth rates since 1982. The U.S. 5-year break-even inflation rate, also known as the break-even inflation rate, which reflects market expectations for inflation over the next five years, is currently about 2.76%, higher than the Federal Reserve's long-term inflation target of 2%.</p><p><img src=\"https://static.tigerbbs.com/9ddcd451bfa23f37cc103557bbcc31a4\" tg-width=\"995\" tg-height=\"572\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following its meeting last Wednesday, the Federal Reserve announced it would accelerate Taper, reducing bond purchases by $30 billion per month starting in January next year, double the level of reduced bond purchases in November and December this year. The post-meeting resolution statement removed the claim that inflation originated from \"temporary\" factors and replaced it with \"pandemic-related supply and demand imbalances and the resumption of work have continued to contribute to high levels of inflation.\" In its updated economic outlook, it raised its PCE inflation forecast for the next three years.</p><p>At the post-meeting press conference, Federal Reserve Chairman Jerome Powell said that high inflation in the United States forced the Fed to accelerate its tapering, and that the Fed's policy framework did not anticipate such high inflation. He also said that the Federal Reserve has significantly raised its inflation forecast for next year, and that U.S. inflation could become more stubborn, which is a real risk.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3648082\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415","relate_stocks":{".SPX":"S&P 500 Index","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","UDOW":"三倍做多道指30ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","BK4559":"巴菲特持仓","BK4504":"桥水持仓","BK4550":"红杉资本持仓","TQQQ":"纳指三倍做多ETF","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100","SH":"做空标普500-Proshares","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares",".IXIC":"NASDAQ Composite","PSQ":"做空纳斯达克100指数ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4534":"瑞士信贷持仓",".DJI":"道琼斯","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares"},"source_url":"https://wallstreetcn.com/articles/3648082","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193206128","content_text":"虽然拜登将近两周前信誓旦旦地说美国的通胀率已经达到顶峰，但一些市场人士不这么乐观。\n准确预测了今年债市通胀预期上升的交易员——爱尔兰银行位于都柏林的通胀交易室负责人Semin Soher Power预测，美国的通胀率将因经济增长而进一步上升，明年上半年的通胀水平可能超出大多数分析师的预期。\nPower预计，明年一季度美国CPI同比涨幅将超过7%，高于11月的增速6.8%，也高于彭博调查的分析师对一季度增速预估中值6.3%。\nPower认为，通胀压力“现在更多是由经济增长带来的”，不单纯源于能源价格上涨或经济重启。市场和央行都在意识到这一点，因此，美联储不再用“暂时性”来描述通胀压力。Power说：\n\n “央行正在改变反应机制，相比同样由奥密克戎疫情造成的经济下行风险，正把通胀风险置于更重要的位置。”\n\n上上周公布的两项指标都凸显了美国通胀爆表的态势：PPI 11月同比增长9.6%，创有纪录以来最高增速；CPI 11月同比增长6.8%，创1982年来最高增速。\n华尔街见闻此前文章提到，就在11月CPI公布当天、本月10日，拜登发出了物价上涨已见顶的评论，称11月CPI一半的物价增长源于汽车和能源成本，在那之后，这两个领域的价格开始下滑，物价会比大家预期的更快放慢增长。\n而本周四稍早公布的美联储青睐通胀指标——PCE物价指数和核心PCE物价指数11月分别同比上涨5.7%和4.7%，不但都高于10月增速，而且均创1982年来最高增速。反映市场对未来五年通胀预期的美国5年期盈亏平衡通胀率、又称平准通胀率目前约为2.76%，高于美联储的长期通胀目标水平2%。\n\n上周三美联储会后宣布加快Taper，从明年1月起每月减少购债300亿美元，较今年11月和12月少购债水平提高一倍。会后决议声明删除了通胀源于“暂时”因素的说辞，改称“疫情相关的供需失衡和经济复工已经继续助长通胀处于高水平”。并在更新的经济展望中上调了今明后三年的PCE通胀预期。\n会后新闻发布会上，美联储主席鲍威尔表示，美国通胀偏高，迫使美联储Taper提速，联储的政策框架未预料到这样高的通胀。他还说，联储非常明显地上调了明年的通胀预期，美国通胀可能会变得更加顽固，这是一个实实在在的风险。","news_type":1,"symbols_score_info":{"SDS":0.9,"QLD":0.9,"SDOW":0.9,"QID":0.9,"SH":0.9,"SPXU":0.9,".SPX":0.9,"UPRO":0.9,"SPY":0.9,"SSO":0.9,"UDOW":0.9,"MNQmain":0.9,".IXIC":0.9,"SQQQ":0.9,".DJI":0.9,"QQQ":0.9,"PSQ":0.9,"NQmain":0.9,"OEF":0.9,"TQQQ":0.9,"OEX":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000657959,"gmtCreate":1640175239721,"gmtModify":1676533504865,"author":{"id":"3557455323607292","authorId":"3557455323607292","name":"虎琊","avatar":"https://static.tigerbbs.com/0995a39178d8512115e4e0e1619b14dd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557455323607292","idStr":"3557455323607292"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000657959","repostId":"1143584906","repostType":4,"repost":{"id":"1143584906","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1640174423,"share":"https://ttm.financial/m/news/1143584906?lang=en_US&edition=fundamental","pubTime":"2021-12-22 20:00","market":"sh","language":"zh","title":"The cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!","url":"https://stock-news.laohu8.com/highlight/detail?id=1143584906","media":"Wind万得","summary":"12月22日，网络安全板块盘中上涨，截止收盘涨幅达到0.85%，盘中太极股份、中孚信息、安恒信息等出现拉升。消息面上，上海市经信委介绍，上海发布网络安全产业3年行动计划，支持网络安全业务在沪运营，带动","content":"<p>On December 22, the cybersecurity sector rose intraday, closing up 0.85%.<a href=\"https://laohu8.com/S/002368\">Taiji Shares</a>、<a href=\"https://laohu8.com/S/300659\">Zhongfu Information</a>、<a href=\"https://laohu8.com/S/688023\">Anheng Information</a>When a price surge occurs. In terms of news, the Shanghai Municipal Commission of Economy and Information Technology announced that Shanghai has released a three-year action plan for the cybersecurity industry to support the operation of cybersecurity businesses in Shanghai and drive the development of the industrial chain.</p><p><b>Shanghai releases cybersecurity action plan, aiming to double the scale of target industries to over 25 billion yuan.</b></p><p>On December 21, the Shanghai Municipal Commission of Economy and Information Technology and other departments jointly issued the \"Shanghai Action Plan for Building a Cybersecurity Industry Innovation Hub (2021-2023),\" which aims to promote the transformation and upgrading of technical services, continuously deepen the open guidance of scenario demand, focus on building collaborative innovation platforms to support, and make every effort to build an industrial ecosystem system.</p><p>The plan points out that by 2023, the scale of the city's cybersecurity industry will double to more than 25 billion yuan, with a compound annual growth rate of more than 25%, accounting for more than 10% of the national industry scale, cultivating 10 leading enterprises in the industry, driving the growth of related industries to more than 250 billion yuan, and basically building an industrial innovation hub with national influence.</p><p>It will also focus on next-generation communication security, data security, cloud computing security, biometric security, and vulnerabilities.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>In areas such as governance, we will carry out research on core cybersecurity technologies. Promote the integrated application of new technologies such as cloud computing, big data, artificial intelligence, blockchain, and quantum computing in the field of cybersecurity. Accelerate technological research and development innovation in key areas. Lead the innovation direction of cybersecurity services and improve the cybersecurity service industry system.</p><p><b>The cybersecurity industry is developing rapidly; a comprehensive overview of the industry chain.</b></p><p>Network information security is a comprehensive discipline involving multiple disciplines such as computer science, network technology, communication technology, cryptography, information security technology, applied mathematics, number theory, and information theory. It mainly refers to the fact that the hardware, software and data in the network system are protected from damage, alteration or leakage due to accidental or malicious reasons, the system operates continuously, reliably and normally, and network services are uninterrupted.</p><p>From the perspective of industrial development, network information security has gone through the era of communication encryption, the era of standalone machines, the era of information technology, and now the digital era.<a href=\"https://laohu8.com/S/601456\">Guolian Securities</a>It is stated that the cybersecurity industry was previously dominated by compliance needs, but now, with network protection operations and increasingly serious cyberattacks, industry needs have shifted from compliance needs to practical defense needs.</p><p>Ping An Securities believes that the acceleration of online and cloud computing has made the boundaries of security more blurred; The development of the Industrial Internet and intelligent manufacturing has also exposed security risks in the field of industrial control. The rapid accumulation of data assets brought about by industrial digitalization is shifting the focus of security protection towards data security. Meanwhile, domestic cybersecurity regulations are becoming increasingly stringent, with cybersecurity laws, regulations, and industry standards being introduced intensively. In particular, the requirements for protection in new security areas, such as data security and vehicle networking security, are becoming more stringent. The domestic cybersecurity industry is also adapting to changes, accelerating investment in technology research and development, and focusing on new security fields, and its high prosperity will continue.</p><p><b>Cybersecurity Industry Chain Overview:</b></p><p>Upstream: basic hardware, basic software, basic capabilities, etc. It mainly covers operating systems, chips, algorithms, etc. The upstream sector is relatively mature, with rapid product updates, mainly from established global manufacturers.</p><p>Midstream: information security products and services. It mainly covers security equipment, security software, security services, security integration, etc. There are many sub-sectors in the midstream industry, and the competitive landscape is relatively dispersed.</p><p>Downstream: Service targets and application areas. The service targets are mainly governments, enterprises, and individuals; Application areas mainly cover cloud computing, Internet of Things, etc. Downstream industries are heavily influenced by policies and demand.</p><p><img src=\"https://static.tigerbbs.com/1686bd1b34de754e71d9e5ebe6448ed7\" tg-width=\"796\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p><p><b>Nearly 20% of cybersecurity companies have doubled their net profits, and industry concentration is expected to increase.</b></p><p>According to Wind data, in terms of market capitalization, there are 39 listed companies in the A-share market that belong to the cybersecurity concept, of which 19 have a market capitalization of over 10 billion yuan, accounting for 48.72%. There are four listed companies in the industry with a market capitalization exceeding 50 billion yuan, namely:<a href=\"https://laohu8.com/S/601360\">360</a>、<a href=\"https://laohu8.com/S/300454\">Sangfor</a>、<a href=\"https://laohu8.com/S/600845\">Baoxin Software</a>and<a href=\"https://laohu8.com/S/688561\">Qi An Xin</a>-U, with 360 ranking first with a total market capitalization of 88.531 billion yuan.<a href=\"https://laohu8.com/S/000977\">Wave Information</a>、<a href=\"https://laohu8.com/S/002268\">Weishitong</a>、<a href=\"https://laohu8.com/S/000066\">The Great Wall of China</a>、<a href=\"https://laohu8.com/S/002439\">Rising Star</a>、<a href=\"https://laohu8.com/S/002212\">Topsec</a>Fifteen other listed companies have a market capitalization exceeding 10 billion yuan.</p><p>In terms of performance, 20 companies achieved growth in net profit attributable to the parent company in the first three quarters of this year, accounting for 51.28%. Among them, 7 listed companies doubled their net profit attributable to the parent company, accounting for 17.95%, respectively.<a href=\"https://laohu8.com/S/300077\">National technology</a>、<a href=\"https://laohu8.com/S/688168\">Anbotong</a>、<a href=\"https://laohu8.com/S/300379\">Dongfangtong</a>China Great Wall, Inspur Information, Weishitong<a href=\"https://laohu8.com/S/688201\">Xin'an Century</a>。 Among them, National Technology ranked first with a net profit growth rate attributable to the parent company of 1512.94% in the first three quarters of this year.</p><p>In terms of revenue performance, 16 listed companies had operating revenue exceeding 1 billion yuan in the first three quarters of this year, accounting for 41.03%. Three companies have revenues exceeding 10 billion yuan: Inspur Information,<a href=\"https://laohu8.com/S/600498\">beacon communications</a>And China Great Wall, among which Inspur Information ranked first with operating revenue of 46.247 billion yuan in the first three quarters of this year.</p><p><b>Top 15 listed companies by market capitalization in the cybersecurity concept:</b></p><p><img src=\"https://static.tigerbbs.com/d789f741c094abe2db69322282355472\" tg-width=\"796\" tg-height=\"978\" referrerpolicy=\"no-referrer\"></p><p>According to Wind data, the revenue of major security businesses of listed companies in my country's cybersecurity industry performed well in 2020, with five companies achieving security business revenue exceeding 2 billion yuan. Among them, Qi An Xin-U achieved security business revenue of 4.154 billion yuan in 2020, while Venustech, Sangfor, Topsec, and Weishitong achieved security business revenue of 3.647 billion yuan, 3.349 billion yuan, 2.828 billion yuan, and 2.384 billion yuan respectively in 2020.</p><p>In terms of security business revenue growth, Zhongfu Information's security business achieved the largest growth of 64.61% in 2020, followed by Anheng Information, Qi An Xin-U, and others.<a href=\"https://laohu8.com/S/300369\">NSFOCUS</a>The growth rates of the security business all exceeded 20%, at 40.14%, 31.89%, and 20.89% respectively.</p><p>With the rapid growth of the cybersecurity services market in the future, leading vendors with first-mover advantages and service experience are expected to further increase their market share.</p><p><a href=\"https://laohu8.com/S/01456\">Guolian Securities</a>It was stated that in the past, the cybersecurity industry had a small market size, fierce competition, low industry concentration, and generally high marketing expenses for listed companies, resulting in generally mediocre financial performance. In recent years, cybersecurity has risen to the level of a national strategy. Practical demand has increased industry concentration, and new technologies and scenarios have spurred new demands for cybersecurity, driving rapid industry development and increased concentration.</p><p><b>Top 10 Listed Companies in Cybersecurity by Security Business Revenue in 2020:</b></p><p><img src=\"https://static.tigerbbs.com/1cfffc41b251f55786b1ae945bc908b8\" tg-width=\"796\" tg-height=\"970\" 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>The cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!</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 cybersecurity industry chain, worth hundreds of billions of yuan, is facing another policy boom; a single chart shows how to understand it!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-12-22 20:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 22, the cybersecurity sector rose intraday, closing up 0.85%.<a href=\"https://laohu8.com/S/002368\">Taiji Shares</a>、<a href=\"https://laohu8.com/S/300659\">Zhongfu Information</a>、<a href=\"https://laohu8.com/S/688023\">Anheng Information</a>When a price surge occurs. In terms of news, the Shanghai Municipal Commission of Economy and Information Technology announced that Shanghai has released a three-year action plan for the cybersecurity industry to support the operation of cybersecurity businesses in Shanghai and drive the development of the industrial chain.</p><p><b>Shanghai releases cybersecurity action plan, aiming to double the scale of target industries to over 25 billion yuan.</b></p><p>On December 21, the Shanghai Municipal Commission of Economy and Information Technology and other departments jointly issued the \"Shanghai Action Plan for Building a Cybersecurity Industry Innovation Hub (2021-2023),\" which aims to promote the transformation and upgrading of technical services, continuously deepen the open guidance of scenario demand, focus on building collaborative innovation platforms to support, and make every effort to build an industrial ecosystem system.</p><p>The plan points out that by 2023, the scale of the city's cybersecurity industry will double to more than 25 billion yuan, with a compound annual growth rate of more than 25%, accounting for more than 10% of the national industry scale, cultivating 10 leading enterprises in the industry, driving the growth of related industries to more than 250 billion yuan, and basically building an industrial innovation hub with national influence.</p><p>It will also focus on next-generation communication security, data security, cloud computing security, biometric security, and vulnerabilities.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>In areas such as governance, we will carry out research on core cybersecurity technologies. Promote the integrated application of new technologies such as cloud computing, big data, artificial intelligence, blockchain, and quantum computing in the field of cybersecurity. Accelerate technological research and development innovation in key areas. Lead the innovation direction of cybersecurity services and improve the cybersecurity service industry system.</p><p><b>The cybersecurity industry is developing rapidly; a comprehensive overview of the industry chain.</b></p><p>Network information security is a comprehensive discipline involving multiple disciplines such as computer science, network technology, communication technology, cryptography, information security technology, applied mathematics, number theory, and information theory. It mainly refers to the fact that the hardware, software and data in the network system are protected from damage, alteration or leakage due to accidental or malicious reasons, the system operates continuously, reliably and normally, and network services are uninterrupted.</p><p>From the perspective of industrial development, network information security has gone through the era of communication encryption, the era of standalone machines, the era of information technology, and now the digital era.<a href=\"https://laohu8.com/S/601456\">Guolian Securities</a>It is stated that the cybersecurity industry was previously dominated by compliance needs, but now, with network protection operations and increasingly serious cyberattacks, industry needs have shifted from compliance needs to practical defense needs.</p><p>Ping An Securities believes that the acceleration of online and cloud computing has made the boundaries of security more blurred; The development of the Industrial Internet and intelligent manufacturing has also exposed security risks in the field of industrial control. The rapid accumulation of data assets brought about by industrial digitalization is shifting the focus of security protection towards data security. Meanwhile, domestic cybersecurity regulations are becoming increasingly stringent, with cybersecurity laws, regulations, and industry standards being introduced intensively. In particular, the requirements for protection in new security areas, such as data security and vehicle networking security, are becoming more stringent. The domestic cybersecurity industry is also adapting to changes, accelerating investment in technology research and development, and focusing on new security fields, and its high prosperity will continue.</p><p><b>Cybersecurity Industry Chain Overview:</b></p><p>Upstream: basic hardware, basic software, basic capabilities, etc. It mainly covers operating systems, chips, algorithms, etc. The upstream sector is relatively mature, with rapid product updates, mainly from established global manufacturers.</p><p>Midstream: information security products and services. It mainly covers security equipment, security software, security services, security integration, etc. There are many sub-sectors in the midstream industry, and the competitive landscape is relatively dispersed.</p><p>Downstream: Service targets and application areas. The service targets are mainly governments, enterprises, and individuals; Application areas mainly cover cloud computing, Internet of Things, etc. Downstream industries are heavily influenced by policies and demand.</p><p><img src=\"https://static.tigerbbs.com/1686bd1b34de754e71d9e5ebe6448ed7\" tg-width=\"796\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p><p><b>Nearly 20% of cybersecurity companies have doubled their net profits, and industry concentration is expected to increase.</b></p><p>According to Wind data, in terms of market capitalization, there are 39 listed companies in the A-share market that belong to the cybersecurity concept, of which 19 have a market capitalization of over 10 billion yuan, accounting for 48.72%. There are four listed companies in the industry with a market capitalization exceeding 50 billion yuan, namely:<a href=\"https://laohu8.com/S/601360\">360</a>、<a href=\"https://laohu8.com/S/300454\">Sangfor</a>、<a href=\"https://laohu8.com/S/600845\">Baoxin Software</a>and<a href=\"https://laohu8.com/S/688561\">Qi An Xin</a>-U, with 360 ranking first with a total market capitalization of 88.531 billion yuan.<a href=\"https://laohu8.com/S/000977\">Wave Information</a>、<a href=\"https://laohu8.com/S/002268\">Weishitong</a>、<a href=\"https://laohu8.com/S/000066\">The Great Wall of China</a>、<a href=\"https://laohu8.com/S/002439\">Rising Star</a>、<a href=\"https://laohu8.com/S/002212\">Topsec</a>Fifteen other listed companies have a market capitalization exceeding 10 billion yuan.</p><p>In terms of performance, 20 companies achieved growth in net profit attributable to the parent company in the first three quarters of this year, accounting for 51.28%. Among them, 7 listed companies doubled their net profit attributable to the parent company, accounting for 17.95%, respectively.<a href=\"https://laohu8.com/S/300077\">National technology</a>、<a href=\"https://laohu8.com/S/688168\">Anbotong</a>、<a href=\"https://laohu8.com/S/300379\">Dongfangtong</a>China Great Wall, Inspur Information, Weishitong<a href=\"https://laohu8.com/S/688201\">Xin'an Century</a>。 Among them, National Technology ranked first with a net profit growth rate attributable to the parent company of 1512.94% in the first three quarters of this year.</p><p>In terms of revenue performance, 16 listed companies had operating revenue exceeding 1 billion yuan in the first three quarters of this year, accounting for 41.03%. Three companies have revenues exceeding 10 billion yuan: Inspur Information,<a href=\"https://laohu8.com/S/600498\">beacon communications</a>And China Great Wall, among which Inspur Information ranked first with operating revenue of 46.247 billion yuan in the first three quarters of this year.</p><p><b>Top 15 listed companies by market capitalization in the cybersecurity concept:</b></p><p><img src=\"https://static.tigerbbs.com/d789f741c094abe2db69322282355472\" tg-width=\"796\" tg-height=\"978\" referrerpolicy=\"no-referrer\"></p><p>According to Wind data, the revenue of major security businesses of listed companies in my country's cybersecurity industry performed well in 2020, with five companies achieving security business revenue exceeding 2 billion yuan. Among them, Qi An Xin-U achieved security business revenue of 4.154 billion yuan in 2020, while Venustech, Sangfor, Topsec, and Weishitong achieved security business revenue of 3.647 billion yuan, 3.349 billion yuan, 2.828 billion yuan, and 2.384 billion yuan respectively in 2020.</p><p>In terms of security business revenue growth, Zhongfu Information's security business achieved the largest growth of 64.61% in 2020, followed by Anheng Information, Qi An Xin-U, and others.<a href=\"https://laohu8.com/S/300369\">NSFOCUS</a>The growth rates of the security business all exceeded 20%, at 40.14%, 31.89%, and 20.89% respectively.</p><p>With the rapid growth of the cybersecurity services market in the future, leading vendors with first-mover advantages and service experience are expected to further increase their market share.</p><p><a href=\"https://laohu8.com/S/01456\">Guolian Securities</a>It was stated that in the past, the cybersecurity industry had a small market size, fierce competition, low industry concentration, and generally high marketing expenses for listed companies, resulting in generally mediocre financial performance. In recent years, cybersecurity has risen to the level of a national strategy. Practical demand has increased industry concentration, and new technologies and scenarios have spurred new demands for cybersecurity, driving rapid industry development and increased concentration.</p><p><b>Top 10 Listed Companies in Cybersecurity by Security Business Revenue in 2020:</b></p><p><img src=\"https://static.tigerbbs.com/1cfffc41b251f55786b1ae945bc908b8\" tg-width=\"796\" tg-height=\"970\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6ead3f4cc9d676707db787b838860b72","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143584906","content_text":"12月22日，网络安全板块盘中上涨，截止收盘涨幅达到0.85%，盘中太极股份、中孚信息、安恒信息等出现拉升。消息面上，上海市经信委介绍，上海发布网络安全产业3年行动计划，支持网络安全业务在沪运营，带动产业链落地发展。\n上海发布网络安全行动计划，目标产业规模倍增超250亿元\n12月21日，上海市经济信息化委等部门联合印发《上海市建设网络安全产业创新高地行动计划（2021-2023年）》，旨在着力推动技术服务转型升级，持续深化场景需求开放引导，重点打造协同创新载体支撑，全力建设产业生态制度体系。\n计划指出，到2023年，本市网络安全产业规模倍增超250亿元，年复合增长率超过25%，全国产业规模占比超过10%，培育10家行业龙头企业，带动相关产业增长超过2500亿元，基本建成具有全国影响力的产业创新高地。\n同时还将围绕下一代通信安全、数据安全、云计算安全、生物识别安全、漏洞智能治理等领域，开展网络安全核心技术攻关。推进云计算、大数据、人工智能、区块链、量子计算等新技术在网络安全领域融合应用。加快重点领域技术研发创新。引领网络安全服务创新方向，完善网络安全服务业态体系。\n网络安全产业发展迅速，产业链一览\n网络信息安全是一门涉及计算机科学、网络技术、通信技术、密码技术、信息安全技术、应用数学、数论、信息论等多种学科的综合性学科。它主要是指网络系统的硬件、软件及其系统中的数据受到保护，不受偶然的或者恶意的原因而遭到破坏、更改、泄露，系统连续可靠正常地运行，网络服务不中断。\n从产业发展的角度来看，网络信息安全经历了通信加密时代、单机时代、信息化时代，到现在的数字化时代。国联证券表示，网络安全行业过去由合规性需求主导，到现在随着护网行动和日趋严重的网络攻击，促使行业需求从合规性需求向实战性防御需求转移。\n平安证券观点认为，线上化、云化提速让安全边界变得更为模糊；工业互联网和智能制造的发展也使得工控领域的安全风险持续暴露；产业数字化带来的数据资产快速积累，安全防护的重心也在向数据安全迁移。同时，国内网络安全监管进一步趋严，网络安全法律法规与行业标准正在密集出台，尤其是对新安全领域的防护，如数据安全、车联网安全等，要求更为严格。国内网络安全行业也正在顺应变化，加快技术研发投入，发力新安全领域，高景气发展将持续。\n网络安全产业链梳理：\n上游：基础硬件、基础软件、基础能力等。主要涵盖操作系统、芯片、算法等。上游相对成熟，产品更新快，以成熟的全球化厂商为主。\n中游：信息安全产品和服务。主要涵盖安全设备、安全软件、安全服务、安全集成等。中游细分行业较多，竞争格局相对分散。\n下游：服务对象和应用领域。服务对象主要为政府、企业、个人；应用领域主要涵盖云计算、物联网等。下游受政策和需求驱动影响较多。\n\n近两成网安企业净利翻倍，产业集中度有望提升\n据Wind数据显示，从市值来看，A股市场属于网络安全概念的上市公司共有39家，其中市值超百亿的有19家，占比48.72%。行业中市值超500亿的有4家上市公司，分别为三六零、深信服、宝信软件和奇安信-U，其中三六零总市值达到885.31亿元居首，浪潮信息、卫士通、中国长城、启明星辰、天融信等15家上市公司市值过百亿。\n从业绩表现来看，今年前三季度归母净利润实现增长的有20家，占比51.28%。其中归母净利润实现翻倍的上市公司共有7家，占比17.95%，分别为国民技术、安博通、东方通、中国长城、浪潮信息、卫士通、信安世纪。其中国民技术今年前三季度归母净利润增速达1512.94%居首。\n从营收表现来看，今年前三季度营业收入超10亿的上市公司有16家，占比41.03%。营收超过百亿的有3家，分别为浪潮信息、烽火通信和中国长城，其中浪潮信息今年前三季度营业收入达到462.47亿元居首。\n网络安全概念上市公司市值TOP15：\n\n据Wind数据统计，我国网络安全行业上市公司2020年主要安全业务营收表现亮眼，有5家企业安全业务营收超20亿，其中奇安信-U在2020年实现安全业务营收41.54亿元，启明星辰、深信服、天融信、卫士通分别在2020年实现安全业务营收36.47亿元、33.49亿元、28.28亿元、23.84亿元。\n从安全业务营收增速来看，中孚信息的安全业务在2020年实现64.61%的增长居首，安恒信息、奇安信-U、绿盟科技的安全业务增速均超20%，分别为40.14%、31.89%、20.89%。\n未来随着网络安全服务市场的快速增长，具有先发优势和服务经验的头部厂商的市场份额有望进一步提升。\n国联证券表示，过去网络安全行业市场规模较小，竞争激烈，行业集中度较低，上市公司营销费用普遍很高，因此财务表现普遍一般。近年网络安全已经上升到国家战略，实战型需求提升行业集中度，新技术和新场景催生网络安全新需求，推动行业快速发展和集中度提升。\n网络安全概念上市公司2020年安全业务营收TOP10：","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}