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Play Defense With The Vanguard S&P 500 Value ETF

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23:22","market":"us","language":"en","title":"Play Defense With The Vanguard S&P 500 Value ETF","url":"https://stock-news.laohu8.com/highlight/detail?id=1162808848","media":"Seeking Alpha","summary":"SummaryIt's now clear that the July/August rise in equity markets was a bear-market rally that quick","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>It&#39;s now clear that the July/August rise in equity markets was a bear-market rally that quickly fizzled out.</li><li>There are just too many headwinds to get overly bullish here: high inflation, rising interest rates, Putin&#39;s war on Ukraine that has broken global energy &amp; food supply chains, etc.</li><li>That being the case, investors who haven&#39;t already positioned their portfolio in a more defensive posture should consider the &#34;value&#34; sector of the market.</li><li>The Vanguard S&amp;P 500 Value ETF has a portfolio that is trading at a significant discount to the S&amp;P 500 and has outperformed the S&amp;P 500 by 6% over the past year.</li></ul><p>We all now know the stock market&#39;s quick jump upward from mid-June to mid-August was simply a bear-market rally that quickly fizzled out and has already given back almost all the gains. And, as mentioned in the bullets above, the macro-environment appears to just keep getting worse, with Putin now weaponizing energy supplies to the EU and China&#39;s continuing covid-19 lockdowns. As a result, it&#39;s very hard to get bullish on the markets despite the 13.7% pullback in theS&amp;P 500 so far this year. As a result, investors that are over-weight growth and/or the broad market averages should consider allocating some capital to the <b>Vanguard S&amp;P 500 Value ETF</b>(NYSEARCA:VOOV). VOOV is a relatively cost-efficient fund (0.10% fee), yields 2.1%, and has an attractive 10.8% average annual total return over the past 10-years.</p><p><b>Investment Thesis</b></p><p>The Value sector has significantly outperformed most others during the 2022 bear-market:</p><p><img src=\"https://static.tigerbbs.com/23aad53d1e08bff73a0ee04eb04c4879\" tg-width=\"615\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha Homepage</p><p>As shown in the graphic above, the Value Sector has outperformed all other sectors with the exception of the high dividend yield segment. While still down 7.45% over the past year - as measured by the <b>iShares Core S&amp;P U.S. Value ETF</b>(IUSV) - that is still 6% better than the S&amp;P 500.</p><p>The fact is, in times of turbulent, volatile, and weak equity markets, the value sector can add ballast to a portfolio in the same way that the <b>consumer staples</b>(XLP) or <b>utilities</b>(XLU) sectors can (those two are up 0.3% and 9.1% over the past year, respectively).</p><p>So, today let&#39;s take a closer look at the Vanguard S&amp;P 500 Value ETF to see how it has positioned investors for success going forward.</p><p><b>Top-10 Holdings</b></p><p>The top-10 holdings in the Vanguard S&amp;P 500 Value ETFare shown below and equate to only 18.4% of the entire portfolio and is therefore what I consider to be a very well diversified fund:</p><p><img src=\"https://static.tigerbbs.com/668386196af182720e4e27043ac0c821\" tg-width=\"459\" tg-height=\"489\" referrerpolicy=\"no-referrer\"/></p><p>Vanguard</p><p>The #1 holding is <b>Berkshire Hathaway Class B</b>(BRK.B) with a 3.1% weight. Berkshire is a conservative and well-diversified company whose largest current holding is <b>Apple</b>(AAPL) with a 40.8% weight (a $122.3 billion position). The top-5 holdings in Berkshire are shown below and the entire BRK portfolio can be found here, and is generally defensive in nature.</p><p><img src=\"https://static.tigerbbs.com/ca7eaa7f4d3521485451c2e6b2caeb0c\" tg-width=\"564\" tg-height=\"310\" referrerpolicy=\"no-referrer\"/></p><p>hedgefollow.com</p><p>Berkshire Hathaway currently has$146.7 billion in cash and short-term investments and is therefore ideally positioned to play offense once the markets turnaround (or tanks).</p><p>In aggregate, typically defensive healthcare stocks like <b>Johnson &amp; Johnson</b>(JNJ), <b>UnitedHealth Group</b>(UNH), and <b>Merck</b>(MRK) equate to 5.6% of the VOOV portfolio. These three stocks yield 2.78%, 1.28%, and 3.2%, respectively. The following chart shows these three stocks&#39; performance versus the S&amp;P 500 over the past year:</p><p><img src=\"https://static.tigerbbs.com/ac5aa9fb56240b0eddbc47dc964767ce\" tg-width=\"1280\" tg-height=\"877\" referrerpolicy=\"no-referrer\"/>JNJdata by YCharts</p><p>As can be seen, all three have significantly outperformed the S&amp;P 500, with UNH being the star performer: +22.5%.</p><p>The #3 and #5 holdings are integrated international major energy companies <b>Exxon</b>(XOM) and <b>Chevron</b>(CVX), with a combined weight of 3.2%. Exxon and Chevron both had monster Q2 earnings reports and generated free-cash-flow of $16.9 billion and $10.6 billion, respectively. Both these companies have global production portfolios that are ideally positioned to benefit from strong oil, natural gas, and LNG pricing.</p><p>Exxon shareholders have arguably benefited from the fact that activist hedge-fund Engine #1 won three seats on Exxon board-of-directors and has, as a result, totally changed Exxon&#39;s structure and strategy going forward. Exxon currently yields 3.68% after raising the quarterly dividend by only a penny last year, while Chevron yields 3.60% after a 6% dividend increase ($0.08/share). Both companies are using the current up-cycle to put in place significant share buyback plans (Exxon&#39;s is $30 billion by the end of 2023, Chevron&#39;s is $15 billion per year).</p><p><b>Verizon</b>(VZ) rounds out the top-10 holdings with a 1.1% weight. The good news here is that VZ yields 6.2%. The bad news is that <b>T-Mobile</b>(TMUS) is eating Verizon&#39;s lunch with a newer and arguably better performing network:</p><p><img src=\"https://static.tigerbbs.com/79f26e57bca7fb4f47b2eec073813dc9\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/>VZdata by YCharts</p><p>From an overall portfolio perspective, the largest allocation of capital are to the HealthCare (16.9%), Financials (14.6%), and Industrials (12.3%) sectors. Financials, in particular, typically do well in a rising rate environment because they can profit of the interest rate spread (i.e. the difference between the rate they can borrow at versus the higher rate they can lend at).</p><p><b>Performance</b></p><p>VOOV&#39;s long-term performance versus the S&amp;P 500 is shown below:</p><p><img src=\"https://static.tigerbbs.com/402388e3e886bf4ddbe7428c7d9c5f97\" tg-width=\"475\" tg-height=\"221\" referrerpolicy=\"no-referrer\"/></p><p>Vanguard</p><p>Source: Vanguard Fund Comparison Tool</p><p>VOOV&#39;s long-term 10.54% average annual return is quite attractive in a weak market considering its lower risk profile (see below in &#34;Risks&#34; section). However, the long-term returns of the <b>Vanguard S&amp;P 500 ETF</b>(VOO) are 2.3% higher and, for that reason alone, I advise investors to always own a significantly higher allocation to the VOO fund as compared to a value oriented fund like VOOV.</p><p>The graphic below compares the VOOV to some direct competitors: the <b>Vanguard Value ETF</b>(VTV), the <b>iShares Russell 1000 Value ETF</b>(IWD), and the <b>iShares Core S&amp;P Value ETF</b> over the past year:</p><p><img src=\"https://static.tigerbbs.com/90a466dfcd7514e0687d3c20e5ca0982\" tg-width=\"1280\" tg-height=\"877\" referrerpolicy=\"no-referrer\"/>VOOVdata by YCharts</p><p>Clearly the VTV ETF is the star of the show in that it is down the least amount. The VTV ETF has a significantly lower expense fee (0.04%) than does the VOOV ETF, a very similar portfolio, and a better 10-year performance track record (11.73%).</p><p><b>Risks</b></p><p>Obviously the VOOV fund is not immune to the negative headwinds from the macro-investment environment discussed earlier - after all, the ETF is still down 6.7% YTD. However, in a challenging market where rising interest rates threaten valuation levels, note that the VOOV ETF&#39;s portfolio trades at a significant discount to the overall S&amp;P 500:</p><p><img src=\"https://static.tigerbbs.com/856d4a543454bb3b4b155948be92bcc1\" tg-width=\"474\" tg-height=\"413\" referrerpolicy=\"no-referrer\"/></p><p>Vanguard</p><p>Clearly, VOOV&#39;s P/E and price-to-book ratios are significantly lower as compared to the broadS&amp;P 500 as measured by the <b>VanguardS&amp;P 500 ETF</b>. However, also note how - as expected - VOOV&#39;s ROE and EPS growth rates are also significantly lower as compared to the VOO ETF. And this is the trade-off investors make when investing in value versus the overall market and/or growth stocks.</p><p><b>Summary &amp; Conclusion</b></p><p>The VanguardS&amp;P 500 Value ETF is a sleep-well-at-night (&#34;SWAN&#34;) fund that can add ballast to a portfolio in times of weak market performance. However, as shown above, the Vanguard VTV Value ETF appears to be a superior choice with lower fees, better performance, and a similarly defensive portfolio. While VOOV is an attractive ETF (I rate it a HOLD) at the present time, the VTV ETF is the BUY.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Play Defense With The Vanguard S&P 500 Value ETF</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlay Defense With The Vanguard S&P 500 Value ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-07 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4539295-vanguard-s-and-p500-value-etf-play-defense?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIt's now clear that the July/August rise in equity markets was a bear-market rally that quickly fizzled out.There are just too many headwinds to get overly bullish here: high inflation, rising ...</p>\n\n<a href=\"https://seekingalpha.com/article/4539295-vanguard-s-and-p500-value-etf-play-defense?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","VTV":"Vanguard Value ETF","VOOV":"Vanguard S&P 500 Value ETF"},"source_url":"https://seekingalpha.com/article/4539295-vanguard-s-and-p500-value-etf-play-defense?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162808848","content_text":"SummaryIt's now clear that the July/August rise in equity markets was a bear-market rally that quickly fizzled out.There are just too many headwinds to get overly bullish here: high inflation, rising interest rates, Putin's war on Ukraine that has broken global energy & food supply chains, etc.That being the case, investors who haven't already positioned their portfolio in a more defensive posture should consider the \"value\" sector of the market.The Vanguard S&P 500 Value ETF has a portfolio that is trading at a significant discount to the S&P 500 and has outperformed the S&P 500 by 6% over the past year.We all now know the stock market's quick jump upward from mid-June to mid-August was simply a bear-market rally that quickly fizzled out and has already given back almost all the gains. And, as mentioned in the bullets above, the macro-environment appears to just keep getting worse, with Putin now weaponizing energy supplies to the EU and China's continuing covid-19 lockdowns. As a result, it's very hard to get bullish on the markets despite the 13.7% pullback in theS&P 500 so far this year. As a result, investors that are over-weight growth and/or the broad market averages should consider allocating some capital to the Vanguard S&P 500 Value ETF(NYSEARCA:VOOV). VOOV is a relatively cost-efficient fund (0.10% fee), yields 2.1%, and has an attractive 10.8% average annual total return over the past 10-years.Investment ThesisThe Value sector has significantly outperformed most others during the 2022 bear-market:Seeking Alpha HomepageAs shown in the graphic above, the Value Sector has outperformed all other sectors with the exception of the high dividend yield segment. While still down 7.45% over the past year - as measured by the iShares Core S&P U.S. Value ETF(IUSV) - that is still 6% better than the S&P 500.The fact is, in times of turbulent, volatile, and weak equity markets, the value sector can add ballast to a portfolio in the same way that the consumer staples(XLP) or utilities(XLU) sectors can (those two are up 0.3% and 9.1% over the past year, respectively).So, today let's take a closer look at the Vanguard S&P 500 Value ETF to see how it has positioned investors for success going forward.Top-10 HoldingsThe top-10 holdings in the Vanguard S&P 500 Value ETFare shown below and equate to only 18.4% of the entire portfolio and is therefore what I consider to be a very well diversified fund:VanguardThe #1 holding is Berkshire Hathaway Class B(BRK.B) with a 3.1% weight. Berkshire is a conservative and well-diversified company whose largest current holding is Apple(AAPL) with a 40.8% weight (a $122.3 billion position). The top-5 holdings in Berkshire are shown below and the entire BRK portfolio can be found here, and is generally defensive in nature.hedgefollow.comBerkshire Hathaway currently has$146.7 billion in cash and short-term investments and is therefore ideally positioned to play offense once the markets turnaround (or tanks).In aggregate, typically defensive healthcare stocks like Johnson & Johnson(JNJ), UnitedHealth Group(UNH), and Merck(MRK) equate to 5.6% of the VOOV portfolio. These three stocks yield 2.78%, 1.28%, and 3.2%, respectively. The following chart shows these three stocks' performance versus the S&P 500 over the past year:JNJdata by YChartsAs can be seen, all three have significantly outperformed the S&P 500, with UNH being the star performer: +22.5%.The #3 and #5 holdings are integrated international major energy companies Exxon(XOM) and Chevron(CVX), with a combined weight of 3.2%. Exxon and Chevron both had monster Q2 earnings reports and generated free-cash-flow of $16.9 billion and $10.6 billion, respectively. Both these companies have global production portfolios that are ideally positioned to benefit from strong oil, natural gas, and LNG pricing.Exxon shareholders have arguably benefited from the fact that activist hedge-fund Engine #1 won three seats on Exxon board-of-directors and has, as a result, totally changed Exxon's structure and strategy going forward. Exxon currently yields 3.68% after raising the quarterly dividend by only a penny last year, while Chevron yields 3.60% after a 6% dividend increase ($0.08/share). Both companies are using the current up-cycle to put in place significant share buyback plans (Exxon's is $30 billion by the end of 2023, Chevron's is $15 billion per year).Verizon(VZ) rounds out the top-10 holdings with a 1.1% weight. The good news here is that VZ yields 6.2%. The bad news is that T-Mobile(TMUS) is eating Verizon's lunch with a newer and arguably better performing network:VZdata by YChartsFrom an overall portfolio perspective, the largest allocation of capital are to the HealthCare (16.9%), Financials (14.6%), and Industrials (12.3%) sectors. Financials, in particular, typically do well in a rising rate environment because they can profit of the interest rate spread (i.e. the difference between the rate they can borrow at versus the higher rate they can lend at).PerformanceVOOV's long-term performance versus the S&P 500 is shown below:VanguardSource: Vanguard Fund Comparison ToolVOOV's long-term 10.54% average annual return is quite attractive in a weak market considering its lower risk profile (see below in \"Risks\" section). However, the long-term returns of the Vanguard S&P 500 ETF(VOO) are 2.3% higher and, for that reason alone, I advise investors to always own a significantly higher allocation to the VOO fund as compared to a value oriented fund like VOOV.The graphic below compares the VOOV to some direct competitors: the Vanguard Value ETF(VTV), the iShares Russell 1000 Value ETF(IWD), and the iShares Core S&P Value ETF over the past year:VOOVdata by YChartsClearly the VTV ETF is the star of the show in that it is down the least amount. The VTV ETF has a significantly lower expense fee (0.04%) than does the VOOV ETF, a very similar portfolio, and a better 10-year performance track record (11.73%).RisksObviously the VOOV fund is not immune to the negative headwinds from the macro-investment environment discussed earlier - after all, the ETF is still down 6.7% YTD. However, in a challenging market where rising interest rates threaten valuation levels, note that the VOOV ETF's portfolio trades at a significant discount to the overall S&P 500:VanguardClearly, VOOV's P/E and price-to-book ratios are significantly lower as compared to the broadS&P 500 as measured by the VanguardS&P 500 ETF. However, also note how - as expected - VOOV's ROE and EPS growth rates are also significantly lower as compared to the VOO ETF. And this is the trade-off investors make when investing in value versus the overall market and/or growth stocks.Summary & ConclusionThe VanguardS&P 500 Value ETF is a sleep-well-at-night (\"SWAN\") fund that can add ballast to a portfolio in times of weak market performance. However, as shown above, the Vanguard VTV Value ETF appears to be a superior choice with lower fees, better performance, and a similarly defensive portfolio. While VOOV is an attractive ETF (I rate it a HOLD) at the present time, the VTV ETF is the BUY.","news_type":1},"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017281146,"gmtCreate":1649778059395,"gmtModify":1676534573429,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017281146","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/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"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":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811889428,"gmtCreate":1630308928964,"gmtModify":1676530263740,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811889428","repostId":"1175284402","repostType":4,"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832218273,"gmtCreate":1629637759192,"gmtModify":1676530083608,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832218273","repostId":"2161774462","repostType":4,"repost":{"id":"2161774462","pubTimestamp":1629611909,"share":"https://ttm.financial/m/news/2161774462?lang=&edition=fundamental","pubTime":"2021-08-22 13:58","market":"hk","language":"zh","title":"连分析师都很迷茫！美股接下来怎么走？华尔街分歧巨大","url":"https://stock-news.laohu8.com/highlight/detail?id=2161774462","media":"华尔街见闻","summary":"随着美股持续上涨，企业收益甚至超过最高预期的情况下，华尔街分析师对美股乐观程度达20年最高。\n但由于新冠变异病毒减缓经济复苏的进展，衡量通货膨胀的消费价格指数继续高于预期水平，美银美林全球投资策略师M","content":"<p>随着美股持续上涨，企业收益甚至超过最高预期的情况下，华尔街分析师对美股乐观程度达20年最高。</p>\n<p>但由于新冠变异病毒减缓经济复苏的进展，衡量通货膨胀的消费价格指数继续高于预期水平，美银美林全球投资策略师Michael Hartnett的观点是：<b>今年下半年股市将出现负回报。</b>他对通货膨胀加剧带来的滞胀威胁表示担忧。</p>\n<p><a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>首席美国股票策略师迈克•威尔逊也认为，<b>美股正处于回调的边缘。</b>他预测，年底标普500指数恐回撤10%。</p>\n<p>悲观的分析师表示，近期美债收益率曲线下降，大宗商品价格震荡下跌，以及小盘股正受到冲击，罗素2000小盘股指数较3月中旬的历史高点已跌去近8%，此外，美联储缩减购债规模也可能成为美股下行的导火索。</p>\n<p>彭博社称，投资者最近对大幅回撤的恐惧比过去几个月要大得多，针对市场大跌的对冲需求在最近几周急剧上升。有84%的投资者预测，美联储将在年底前缩减QE，这使得大部分投资者的操作转向谨慎。</p>\n<p>与此同时，<b>也有华尔街多头表示，依旧有充分的理由暂时对美股保持乐观，认为美股将小幅走高。</b></p>\n<p>他们表示，现在担心Delta变种对消费者支出和经济增长放缓的影响还为时过早。此外，市场将能够从容应对美联储的缩减购债计划。目前，美联储承诺保持每周1200亿美元的资产购买计划以保持市场流动性和投资者信心。</p>\n<p><b>总的来看，华尔街分析师对美股后市的展望分歧巨大。</b>在彭博追踪的21位预测分析师中，有12位分析师预计，标准普尔500指数将会下降。其中，预测的最高和最低目标之间的差距为24%。</p>\n<p>此外，<b>还有一些分析师对美股后市走势表示不确定。</b>Wealth Advisors投资组合策略总经理亚当•菲利普斯表示：</p>\n<blockquote>\n 我们可以指出经济中的一些积极因素来支持风险资产。但与此同时，还有许多问题难以判断，就像抛硬币，你不知道哪一面落地，而前景则差异巨大。\n</blockquote>\n<p>由于美股后市的走势变幻莫测，加之担心经济增速会突然放缓，投资者纷纷重新投资美债。</p>\n<p>8月初，随着美债价格大幅上涨，10年期美债收益率一度跌至1.13%，其与2年期美债收益率之间的利差趋于平缓。对此，<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>和<a href=\"https://laohu8.com/S/GS\">高盛</a>均下调了10年期美债收益率的年终目标，从5月的2%调降至1.8%。</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>连分析师都很迷茫！美股接下来怎么走？华尔街分歧巨大</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 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solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n连分析师都很迷茫！美股接下来怎么走？华尔街分歧巨大\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-22 13:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3638533><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>随着美股持续上涨，企业收益甚至超过最高预期的情况下，华尔街分析师对美股乐观程度达20年最高。\n但由于新冠变异病毒减缓经济复苏的进展，衡量通货膨胀的消费价格指数继续高于预期水平，美银美林全球投资策略师Michael Hartnett的观点是：今年下半年股市将出现负回报。他对通货膨胀加剧带来的滞胀威胁表示担忧。\n摩根士丹利首席美国股票策略师迈克•威尔逊也认为，美股正处于回调的边缘。他预测，年底...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3638533\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/26e574706ced777ba0af741c0072c424","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DDM":"道指两倍做多ETF",".SPX":"S&P 500 Index","OEX":"标普100","SDS":"两倍做空标普500ETF","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","DOG":"道指反向ETF","UDOW":"道指三倍做多ETF-ProShares","DJX":"1/100道琼斯","UPRO":"三倍做多标普500ETF","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","SDOW":"道指三倍做空ETF-ProShares","SQQQ":"纳指三倍做空ETF","DXD":"道指两倍做空ETF","QLD":"纳指两倍做多ETF","SPY":"标普500ETF","PSQ":"纳指反向ETF",".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3638533","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161774462","content_text":"随着美股持续上涨，企业收益甚至超过最高预期的情况下，华尔街分析师对美股乐观程度达20年最高。\n但由于新冠变异病毒减缓经济复苏的进展，衡量通货膨胀的消费价格指数继续高于预期水平，美银美林全球投资策略师Michael Hartnett的观点是：今年下半年股市将出现负回报。他对通货膨胀加剧带来的滞胀威胁表示担忧。\n摩根士丹利首席美国股票策略师迈克•威尔逊也认为，美股正处于回调的边缘。他预测，年底标普500指数恐回撤10%。\n悲观的分析师表示，近期美债收益率曲线下降，大宗商品价格震荡下跌，以及小盘股正受到冲击，罗素2000小盘股指数较3月中旬的历史高点已跌去近8%，此外，美联储缩减购债规模也可能成为美股下行的导火索。\n彭博社称，投资者最近对大幅回撤的恐惧比过去几个月要大得多，针对市场大跌的对冲需求在最近几周急剧上升。有84%的投资者预测，美联储将在年底前缩减QE，这使得大部分投资者的操作转向谨慎。\n与此同时，也有华尔街多头表示，依旧有充分的理由暂时对美股保持乐观，认为美股将小幅走高。\n他们表示，现在担心Delta变种对消费者支出和经济增长放缓的影响还为时过早。此外，市场将能够从容应对美联储的缩减购债计划。目前，美联储承诺保持每周1200亿美元的资产购买计划以保持市场流动性和投资者信心。\n总的来看，华尔街分析师对美股后市的展望分歧巨大。在彭博追踪的21位预测分析师中，有12位分析师预计，标准普尔500指数将会下降。其中，预测的最高和最低目标之间的差距为24%。\n此外，还有一些分析师对美股后市走势表示不确定。Wealth Advisors投资组合策略总经理亚当•菲利普斯表示：\n\n 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07:09","market":"us","language":"zh","title":"FuboTV Q1营收超预期，盘后股价涨逾23%","url":"https://stock-news.laohu8.com/highlight/detail?id=1107085492","media":"老虎资讯综合","summary":"美东时间5月11日美股盘后，FuboTV公布了2021年第一季度业绩，财报显示，FuboTV$(FUBO)$第一季度营收为1.197亿美元，同比增长135%；净亏损7020万美元，上年同期录得净亏损6","content":"<p>美东时间5月11日美股盘后，FuboTV公布了2021年第一季度业绩，财报显示，FuboTV<a href=\"https://laohu8.com/S/FUBO\">$(FUBO)$</a>第一季度营收为1.197亿美元，同比增长135%；净亏损7020万美元，上年同期录得净亏损6660万美元；每股亏损0.59美元。<img src=\"https://static.tigerbbs.com/ae3dc64c7adfea47f73bcbed74c33fcc\" tg-width=\"881\" tg-height=\"529\" referrerpolicy=\"no-referrer\">按业务划分，广告业务营收为1260万美元，同比增长206%;订阅业务营收为1.071亿美元，同比增长131%。</p><p>付费用户总数达590430，同比增长105%。</p><p>每月每用户平均收入(ARPU)为69.09美元，同比增长28%。</p><p>展望未来，公司预计2021年第二季度营收将在1.2亿美元至1.22亿美元之间，付费用户将在60万至60.5万之间；预计2021年营收将在5.2亿美元至5.3亿美元之间，付费用户将在83万至85万之间。</p><p>财报公布后，FUBO盘后股价涨23.32%。<img src=\"https://static.tigerbbs.com/c5d9f8ae411bdf122ef0c4ebe8331dec\" tg-width=\"682\" tg-height=\"525\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1567738977881","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>FuboTV Q1营收超预期，盘后股价涨逾23%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Q1营收超预期，盘后股价涨逾23%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 07:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/472806.html><strong>老虎资讯综合</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美东时间5月11日美股盘后，FuboTV公布了2021年第一季度业绩，财报显示，FuboTV$(FUBO)$第一季度营收为1.197亿美元，同比增长135%；净亏损7020万美元，上年同期录得净亏损6660万美元；每股亏损0.59美元。按业务划分，广告业务营收为1260万美元，同比增长206%;订阅业务营收为1.071亿美元，同比增长131%。付费用户总数达590430，同比增长105%。每月每...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/472806.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/88bfa5437d4afd443028e17425399202","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.zhitongcaijing.com/content/detail/472806.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107085492","content_text":"美东时间5月11日美股盘后，FuboTV公布了2021年第一季度业绩，财报显示，FuboTV$(FUBO)$第一季度营收为1.197亿美元，同比增长135%；净亏损7020万美元，上年同期录得净亏损6660万美元；每股亏损0.59美元。按业务划分，广告业务营收为1260万美元，同比增长206%;订阅业务营收为1.071亿美元，同比增长131%。付费用户总数达590430，同比增长105%。每月每用户平均收入(ARPU)为69.09美元，同比增长28%。展望未来，公司预计2021年第二季度营收将在1.2亿美元至1.22亿美元之间，付费用户将在60万至60.5万之间；预计2021年营收将在5.2亿美元至5.3亿美元之间，付费用户将在83万至85万之间。财报公布后，FUBO盘后股价涨23.32%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9938374121,"gmtCreate":1662567235264,"gmtModify":1676537090121,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9938374121","repostId":"1162808848","repostType":4,"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177835921,"gmtCreate":1627193847563,"gmtModify":1703485420562,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/177835921","repostId":"2154939496","repostType":4,"repost":{"id":"2154939496","pubTimestamp":1627182238,"share":"https://ttm.financial/m/news/2154939496?lang=&edition=fundamental","pubTime":"2021-07-25 11:03","market":"sh","language":"zh","title":"台积电挣的钱，进了谁的腰包？","url":"https://stock-news.laohu8.com/highlight/detail?id=2154939496","media":"智通财经网","summary":"台积电是中国台湾最赚钱的企业，那么台积电这些年赚的钱究竟跑到谁的钱包中去了呢？是中国台湾政府，还是中国台湾人，都不是，而是到了外国股东的钱包里去了，尤其是美股的股东。","content":"<p><a href=\"https://laohu8.com/S/TSM\">台积电</a>(TSM.US)作为全世界最大、最好的集成电路代工厂，年产能超过1,200万片十二英寸晶圆，2020年占有全球57%的市场代工份额，使用281种不同制程技术为数百家客户生产11,617种不同产品。从1994年上市至今，营收年复合成长率达到17.2%，营业净利年复合成长率16.7%。被称作全球唯一连续20年获选道琼永续发展世界指数的组成企业的半导体公司。台积电是中国台湾最赚钱的企业，那么台积电这些年赚的钱究竟跑到谁的钱包中去了呢？<b>是中国台湾政府，还是中国台湾人，都不是，而是到了外国股东的钱包里去了，尤其是美股的股东。</b></p>\n<p>创立之初的股东</p>\n<p>台积电的成功离不开张忠谋，但是播下台积电的种子并呵护其成长起来的一些人也功不可没，尤其是早期的股东构成。在《台湾经济再奋发之路》一书中，就有关于台积电成立的故事的介绍，笔者在此简单赘述。</p>\n<p>台积电的成立可以从1974年讲起，那时正发生第一次石油危机，打破了当时旺盛的中国台湾出口生意。当时的行政院长蒋经国做了两件重要的事，一是推动十大建设，二是在1974年初找行政院秘书长费骅来共同商讨下中国台湾是否可以发展新兴科技项目。</p>\n<p>费骅找到当时的电信总局局长方贤齐，而后两人又找到了当时在美国RCA担任研究主任的潘文渊，潘文渊发现当时中国台湾正在如雨后春笋般的发展制电子表、电子计算机工厂，这些工厂都是进口集成电路，而集成电路是所有电子产品的核心零件，如果能制造积体电路，其重要性可想而知。但制造集成电路技术不宜自己研发，因为时间长，花费巨大，可以自国外引进在美国有许多对集成电路技术学有专精的海外学人。于是，潘文渊写了一个“建议中国台湾从美国引进积体电路制造技术”。此事被经济部长孙运璿拍板以后，潘文渊放弃满额的退休金，提前从RCA退休，并邀集了一批华人专家开始讨论技术的方向，最后他们选定了CMOS技术。</p>\n<p>此后政府与RCA签订实训合约，由工研院派出第一批19位年轻的工程师去RCA工厂接受实地训练。这19位里包含了后来担任工研院院长的史钦泰，和后来的<a href=\"https://laohu8.com/S/UMC\">联电</a>董事长曹兴诚。1980年，工研院成立联电做技术转移，曹兴诚就在那时转到联电。联电最开始生产电子手表用的积体电路，生意日渐起来。</p>\n<p>1979年，政府又决定在半导体方面再上一个台阶，遂决定发展超大型积体电路（VLSI）。经过孙运璿、李国鼎、徐贤修等的邀请，张忠谋于1984年回台，先担任工研院院长，发展6英寸晶圆技术，此后张忠谋提议将大型集成电路实验工厂移出，成为民营的超大型集成电路公司，为更多电子公司服务也可带动上下游电子公司发展。李国鼎百分百的赞成。</p>\n<p>后来李国鼎带着张忠谋等前往拜访民间台塑等企业大佬，希望资本额超过55亿新台币的一半就可以成为一家真正的民营公司，但结果不理想，<b>民间只投资3500万美元（折合新台币13.3亿），占投资额的24.1%</b>。就在此时，远在荷兰的<a href=\"https://laohu8.com/S/PHG\">飞利浦</a>公司得知这一消息后，主动找到李国鼎要投资51%，主导该公司的经营，但是李国鼎表示，欢迎<a href=\"https://laohu8.com/S/0LNG.UK\">飞利浦</a>的投资，但不能超过投资额的四分之一，主导权应由我方来把控。结果<b>飞利浦争取到了4000万美元（折合新台币15.2亿）的投资，占27.6%</b>。剩下的资金李国鼎要求，赵耀东主持的<b>国发基金及国民党中央投资公司及国营事业等等共同投资7000万美元（折合新台币26.6亿），占48.3％为最大股东</b>。</p>\n<p>1987年2月24日，台积电正式成立，张忠谋担任董事长。国家开发基金、荷兰飞利浦公司，以及台塑等7家中国台湾企业的私人投资，这三大类也成为初期台积电的原始股东。</p>\n<p>现在的股东有哪些？</p>\n<p>经过30多年的更迭，原始股东不断的释股、退出。到2020年，美国的股东逐渐成为了台积电的大股东。</p>\n<p>翻看台积电2020年的财报，可以看到，在前十大股东中，排名第一的是<a href=\"https://laohu8.com/S/C\">花旗</a>托管台积电存托凭证专户，持股比率为20.52%。第二是行政院国发基金持股比率为6.38%。花旗(中国台湾)商业银行受托保管新加坡政府投资专户持股比例为2.56%，花旗(中国台湾)商业银行受托保管挪威<a href=\"https://laohu8.com/S/CNBC\">中央银行</a>投资专户持股1.54%，大通托管先进星光先进综合国际股票指数持有1.33%。新制劳工退休基金持股0.92%，富邦人寿保险持有0.95%。美商<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>银行台北分行受托保管梵加德新兴市场股票指数基金投资专户持有0.83%，美商摩根大通银行台北分行受托保管景顺欧本汉玛开发中市场基金投资专户持有0.81%，摩根大通银行托管新远景基金公司持有0.8%。</p>\n<p><img src=\"https://static.tigerbbs.com/fedafa8ab943b8a5576ba58add552c97\" tg-width=\"827\" tg-height=\"407\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>让我们来看下这个股东的属性：第一类是中国台湾政府基金，包括行政院国家发基金和新制劳工退休基金（当年国发基金释股的时候，把一部分基金转卖给了政府劳工退休基金），持股数量总和为7.3％。而剩下的大都是托管，其中托管在花旗银行的花旗托管台积电存托凭证专户高达20.52%，新加坡政府投资持股2.56%，挪威中央银行投资持股1.54％。还有托管在中国台湾的各外资银行花旗银行、摩根大通银行、大通银行的投资基金账户。</p>\n<p>在这里，要着重说明下最大的股东——花旗托管存托凭证，这并不代表花旗银行是台积电最大的股东。花旗银行只是作为投资银行（证券公司）来帮助台积电在美国纽约证券交易所发行的存托凭证（ADR）进行交易和结算。根据美国证券法律的规定，在美国上市的企业注册地必须在美国，美国以外注册的企业，只能采取存托凭证的方式进入美国的资本市场。一份美国存托凭证代表美国以外国家一家企业的若干股份。存券银行作为存托凭证ADR的发行人和市场中介，负责存托凭证的注册和过户，安排存托凭证的保管和清算，以及派发美元红利和利息等。<b>所以托管在花旗银行的花旗托管台积电存托凭证专户高达20.52%，意味着美股投资者总计持股20.54%。</b></p>\n<p>据中国台湾股市资讯的数据统计，台积电的股权结构里，台积电政府持股6.38%（未把政府劳工退休基金算在内），侨外投资75.8%，本国金融机构持股4.82%，本国法人持股4.2%，本国个人持有8.8%。所以可以看出，外资的股东还是占据大头。尤其是来自美国的机构和个人持股数量也较多，比如美股投资者通过花旗托管存托凭证持有台积电20.54%的股份。</p>\n<p><img src=\"https://static.tigerbbs.com/7013f4090b328ba0ea7116e0c07d3a3c\" tg-width=\"841\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>谁是背后的赢家？</p>\n<p>正如上文所说，美股的股东赚走了台积电的大部分钱，台积电78%的获利都被外资拿走了。但是<b>持股34年的、实质单一的最大股东的国发基金（代表政府），也可以说是跟随台积电成功背后最大的赢家</b>。这些年，中国台湾政府不仅收获了半导体的产业部落和高科技人才，也有巨额的税款和股票升值营收。</p>\n<p><img src=\"https://static.tigerbbs.com/1cf356d888b5b52ad55178fce3009dba\" tg-width=\"847\" tg-height=\"387\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>开发基金系政府依据「奖励投资条例」第84 条规定，于62 年由行政院依特别预算程序设置，并以公营事业移转民营之收入及国库拨款为资金来源，作为支应各项投融资业务之运用。</p>\n<p>在原始股东中，除国发基金至今还保留6.38%股权外，其余股东几乎全数出售，台塑卖的最早，每股17.6元就全数卖掉。飞利浦也逐年不断出股，直到2008年卖掉最后一笔股票，当时平均每股均价57.2元，投资报酬率高达300倍。2020年国发基金盈余包括股利及利息收入约新台币240亿，其中大概有170亿是台积电贡献的。</p>\n<p>国发基金作为台积电创始股东，当时以每股10元投资台积电，投资成本22亿元，目前持有16.5亿股，持股34年，国发基金已经赚了300倍。随着台积电配息配股，目前国发基金持有台积电成本每股仅0.3元。</p>\n<p>虽然一开始国发基金持股48%，但随着这些年不断释股，以增加财政收入，只剩下6.38%。2000年政府持股就只剩12.78%，2009年变成6.73%，2012年变成6.38%直至现在，2014年原欲再次编列释股，因立院强力反对而被挡下在2016年，国发基金就后悔认错不再卖台积电股票，当时已承认以台积电市值大幅成长计算，当时错失的价值高达1.6兆元，但当时台积电股价每股仅190元，去年底股价最高曾来到每股346元，市值近9兆元大关，不仅创历史新高外，更一度挤进全球20强企业。国发会主委龚明鑫此前表示，即使台积电涨到900元，国发基金也不会卖台积电股票。</p>\n<p>不止股票本身的增幅，台积电现金股利也是国发基金重要的一笔，2020年台积电每股发放10元现金股利，以16.5亿持股计算，国发基金共可获得165亿，若加计其他投资事业所得，2020年国发基金总盈余约240亿，今年预计缴库170亿元。</p>\n<p>此外，还有高额的税额，台积电已连续四年登上全台缴税王冠军宝座。根据国税局与企业财报显示，台积电今年申报2020年度营所税，自缴税额约500亿元，年增约66％，占今年全台企业营所税额（4,522亿元）约11％，占比与税额皆为全台企业之冠。前行政院长林全就曾说：好希望中国台湾能有第2家台积电，这绝对是多数国人心声。</p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n台积电挣的钱，进了谁的腰包？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-25 11:03 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/520627.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>台积电(TSM.US)作为全世界最大、最好的集成电路代工厂，年产能超过1,200万片十二英寸晶圆，2020年占有全球57%的市场代工份额，使用281种不同制程技术为数百家客户生产11,617种不同产品。从1994年上市至今，营收年复合成长率达到17.2%，营业净利年复合成长率16.7%。被称作全球唯一连续20年获选道琼永续发展世界指数的组成企业的半导体公司。台积电是中国台湾最赚钱的企业，那么台积电...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/520627.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a048f034241686122efed4705b6764c2","relate_stocks":{"03145":"华夏亚洲高息股","TSM":"台积电","EWT":"台湾ETF-iShares MSCI"},"source_url":"http://www.zhitongcaijing.com/content/detail/520627.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2154939496","content_text":"台积电(TSM.US)作为全世界最大、最好的集成电路代工厂，年产能超过1,200万片十二英寸晶圆，2020年占有全球57%的市场代工份额，使用281种不同制程技术为数百家客户生产11,617种不同产品。从1994年上市至今，营收年复合成长率达到17.2%，营业净利年复合成长率16.7%。被称作全球唯一连续20年获选道琼永续发展世界指数的组成企业的半导体公司。台积电是中国台湾最赚钱的企业，那么台积电这些年赚的钱究竟跑到谁的钱包中去了呢？是中国台湾政府，还是中国台湾人，都不是，而是到了外国股东的钱包里去了，尤其是美股的股东。\n创立之初的股东\n台积电的成功离不开张忠谋，但是播下台积电的种子并呵护其成长起来的一些人也功不可没，尤其是早期的股东构成。在《台湾经济再奋发之路》一书中，就有关于台积电成立的故事的介绍，笔者在此简单赘述。\n台积电的成立可以从1974年讲起，那时正发生第一次石油危机，打破了当时旺盛的中国台湾出口生意。当时的行政院长蒋经国做了两件重要的事，一是推动十大建设，二是在1974年初找行政院秘书长费骅来共同商讨下中国台湾是否可以发展新兴科技项目。\n费骅找到当时的电信总局局长方贤齐，而后两人又找到了当时在美国RCA担任研究主任的潘文渊，潘文渊发现当时中国台湾正在如雨后春笋般的发展制电子表、电子计算机工厂，这些工厂都是进口集成电路，而集成电路是所有电子产品的核心零件，如果能制造积体电路，其重要性可想而知。但制造集成电路技术不宜自己研发，因为时间长，花费巨大，可以自国外引进在美国有许多对集成电路技术学有专精的海外学人。于是，潘文渊写了一个“建议中国台湾从美国引进积体电路制造技术”。此事被经济部长孙运璿拍板以后，潘文渊放弃满额的退休金，提前从RCA退休，并邀集了一批华人专家开始讨论技术的方向，最后他们选定了CMOS技术。\n此后政府与RCA签订实训合约，由工研院派出第一批19位年轻的工程师去RCA工厂接受实地训练。这19位里包含了后来担任工研院院长的史钦泰，和后来的联电董事长曹兴诚。1980年，工研院成立联电做技术转移，曹兴诚就在那时转到联电。联电最开始生产电子手表用的积体电路，生意日渐起来。\n1979年，政府又决定在半导体方面再上一个台阶，遂决定发展超大型积体电路（VLSI）。经过孙运璿、李国鼎、徐贤修等的邀请，张忠谋于1984年回台，先担任工研院院长，发展6英寸晶圆技术，此后张忠谋提议将大型集成电路实验工厂移出，成为民营的超大型集成电路公司，为更多电子公司服务也可带动上下游电子公司发展。李国鼎百分百的赞成。\n后来李国鼎带着张忠谋等前往拜访民间台塑等企业大佬，希望资本额超过55亿新台币的一半就可以成为一家真正的民营公司，但结果不理想，民间只投资3500万美元（折合新台币13.3亿），占投资额的24.1%。就在此时，远在荷兰的飞利浦公司得知这一消息后，主动找到李国鼎要投资51%，主导该公司的经营，但是李国鼎表示，欢迎飞利浦的投资，但不能超过投资额的四分之一，主导权应由我方来把控。结果飞利浦争取到了4000万美元（折合新台币15.2亿）的投资，占27.6%。剩下的资金李国鼎要求，赵耀东主持的国发基金及国民党中央投资公司及国营事业等等共同投资7000万美元（折合新台币26.6亿），占48.3％为最大股东。\n1987年2月24日，台积电正式成立，张忠谋担任董事长。国家开发基金、荷兰飞利浦公司，以及台塑等7家中国台湾企业的私人投资，这三大类也成为初期台积电的原始股东。\n现在的股东有哪些？\n经过30多年的更迭，原始股东不断的释股、退出。到2020年，美国的股东逐渐成为了台积电的大股东。\n翻看台积电2020年的财报，可以看到，在前十大股东中，排名第一的是花旗托管台积电存托凭证专户，持股比率为20.52%。第二是行政院国发基金持股比率为6.38%。花旗(中国台湾)商业银行受托保管新加坡政府投资专户持股比例为2.56%，花旗(中国台湾)商业银行受托保管挪威中央银行投资专户持股1.54%，大通托管先进星光先进综合国际股票指数持有1.33%。新制劳工退休基金持股0.92%，富邦人寿保险持有0.95%。美商摩根大通银行台北分行受托保管梵加德新兴市场股票指数基金投资专户持有0.83%，美商摩根大通银行台北分行受托保管景顺欧本汉玛开发中市场基金投资专户持有0.81%，摩根大通银行托管新远景基金公司持有0.8%。\n\n让我们来看下这个股东的属性：第一类是中国台湾政府基金，包括行政院国家发基金和新制劳工退休基金（当年国发基金释股的时候，把一部分基金转卖给了政府劳工退休基金），持股数量总和为7.3％。而剩下的大都是托管，其中托管在花旗银行的花旗托管台积电存托凭证专户高达20.52%，新加坡政府投资持股2.56%，挪威中央银行投资持股1.54％。还有托管在中国台湾的各外资银行花旗银行、摩根大通银行、大通银行的投资基金账户。\n在这里，要着重说明下最大的股东——花旗托管存托凭证，这并不代表花旗银行是台积电最大的股东。花旗银行只是作为投资银行（证券公司）来帮助台积电在美国纽约证券交易所发行的存托凭证（ADR）进行交易和结算。根据美国证券法律的规定，在美国上市的企业注册地必须在美国，美国以外注册的企业，只能采取存托凭证的方式进入美国的资本市场。一份美国存托凭证代表美国以外国家一家企业的若干股份。存券银行作为存托凭证ADR的发行人和市场中介，负责存托凭证的注册和过户，安排存托凭证的保管和清算，以及派发美元红利和利息等。所以托管在花旗银行的花旗托管台积电存托凭证专户高达20.52%，意味着美股投资者总计持股20.54%。\n据中国台湾股市资讯的数据统计，台积电的股权结构里，台积电政府持股6.38%（未把政府劳工退休基金算在内），侨外投资75.8%，本国金融机构持股4.82%，本国法人持股4.2%，本国个人持有8.8%。所以可以看出，外资的股东还是占据大头。尤其是来自美国的机构和个人持股数量也较多，比如美股投资者通过花旗托管存托凭证持有台积电20.54%的股份。\n\n谁是背后的赢家？\n正如上文所说，美股的股东赚走了台积电的大部分钱，台积电78%的获利都被外资拿走了。但是持股34年的、实质单一的最大股东的国发基金（代表政府），也可以说是跟随台积电成功背后最大的赢家。这些年，中国台湾政府不仅收获了半导体的产业部落和高科技人才，也有巨额的税款和股票升值营收。\n\n开发基金系政府依据「奖励投资条例」第84 条规定，于62 年由行政院依特别预算程序设置，并以公营事业移转民营之收入及国库拨款为资金来源，作为支应各项投融资业务之运用。\n在原始股东中，除国发基金至今还保留6.38%股权外，其余股东几乎全数出售，台塑卖的最早，每股17.6元就全数卖掉。飞利浦也逐年不断出股，直到2008年卖掉最后一笔股票，当时平均每股均价57.2元，投资报酬率高达300倍。2020年国发基金盈余包括股利及利息收入约新台币240亿，其中大概有170亿是台积电贡献的。\n国发基金作为台积电创始股东，当时以每股10元投资台积电，投资成本22亿元，目前持有16.5亿股，持股34年，国发基金已经赚了300倍。随着台积电配息配股，目前国发基金持有台积电成本每股仅0.3元。\n虽然一开始国发基金持股48%，但随着这些年不断释股，以增加财政收入，只剩下6.38%。2000年政府持股就只剩12.78%，2009年变成6.73%，2012年变成6.38%直至现在，2014年原欲再次编列释股，因立院强力反对而被挡下在2016年，国发基金就后悔认错不再卖台积电股票，当时已承认以台积电市值大幅成长计算，当时错失的价值高达1.6兆元，但当时台积电股价每股仅190元，去年底股价最高曾来到每股346元，市值近9兆元大关，不仅创历史新高外，更一度挤进全球20强企业。国发会主委龚明鑫此前表示，即使台积电涨到900元，国发基金也不会卖台积电股票。\n不止股票本身的增幅，台积电现金股利也是国发基金重要的一笔，2020年台积电每股发放10元现金股利，以16.5亿持股计算，国发基金共可获得165亿，若加计其他投资事业所得，2020年国发基金总盈余约240亿，今年预计缴库170亿元。\n此外，还有高额的税额，台积电已连续四年登上全台缴税王冠军宝座。根据国税局与企业财报显示，台积电今年申报2020年度营所税，自缴税额约500亿元，年增约66％，占今年全台企业营所税额（4,522亿元）约11％，占比与税额皆为全台企业之冠。前行政院长林全就曾说：好希望中国台湾能有第2家台积电，这绝对是多数国人心声。","news_type":1},"isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163446751,"gmtCreate":1623892207873,"gmtModify":1703822666065,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/163446751","repostId":"2144713991","repostType":4,"repost":{"id":"2144713991","pubTimestamp":1623879541,"share":"https://ttm.financial/m/news/2144713991?lang=&edition=fundamental","pubTime":"2021-06-17 05:39","market":"us","language":"zh","title":"外媒头条：美联储大幅上调今年通胀预期，暗示提前加息","url":"https://stock-news.laohu8.com/highlight/detail?id=2144713991","media":"新浪财经","summary":"美联储表示，将继续每月增持至少800亿美元的国债和至少400亿美元的住房抵押贷款支持证券，直到委员会的充分就业和物价稳定目标取得实质性进展。美联储点阵图显示，到2023年底，美联储将加息两次。13名委员预计美联储将在2023年开始加息，7名委员预计在2022年开始加息。尽管美联储将整体通胀预期上调至3.4%，比较3月份的预测高出整整一个百分点，但会后声明继续表示，通胀压力是“暂时的”。两家公司预计今年将生产多达300万剂新冠疫苗。","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、美联储维持基准利率不变 大幅上调今年通胀预期 暗示提前加息</b>\n</blockquote>\n<blockquote>\n <b>2、<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>CEO：预计到2022年底全球将恢复“正常”</b>\n</blockquote>\n<blockquote>\n <b>3、鲍威尔未给出缩减购债的时间 称推高通胀的因素或是暂时的</b>\n</blockquote>\n<blockquote>\n <b>4、耶伦认为2021年4月开始提高资本利得税不算追溯性加税</b>\n</blockquote>\n<blockquote>\n <b>5、标普500指数成份股公司增加现金储备应对“新常态”</b>\n</blockquote>\n<blockquote>\n <b>6、<a href=\"https://laohu8.com/S/GM\">通用汽车</a>CEO“喊话”马斯克：我们的目标是引领电动汽车市场</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/35d1b4809af67ef74a9b841a78ad748a\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p>\n<p><b>美联储维持基准利率不变 大幅上调今年通胀预期 暗示提前加息</b></p>\n<p>美联储周三大幅提高了今年的通胀预期，并提前了下一次加息的时间框架，但没有表示何时开始削减其激进的债券购买计划。</p>\n<p>北京时间6月17日（周四）02：00，美国联邦公开市场委员会（FOMC）公布最新利率决议，将基准利率维持在0%-0.25%区间不变，将超额准备金利率（IOER）从0.1%上调至0.15%，将隔夜逆回购利率从0.00%上调至0.05%。</p>\n<p>美联储表示，将继续每月增持至少800亿美元的国债和至少400亿美元的住房抵押贷款支持证券，直到委员会的充分就业和物价稳定目标取得实质性进展。</p>\n<p>美联储点阵图显示，到2023年底，美联储将加息两次。官员们表示，加息最早可能在2023年到来，此前3月份曾表示至少要到2024年才会加息。13名委员预计美联储将在2023年开始加息，7名委员预计在2022年开始加息。</p>\n<p>尽管美联储将整体通胀预期上调至3.4%，比较3月份的预测高出整整一个百分点，但会后声明继续表示，通胀压力是“暂时的”。即使对今年的预测上调，委员会仍认为从长远来看通胀率将趋向于2%的目标。</p>\n<p><img src=\"https://static.tigerbbs.com/408a4058d5c559d00bbf441c975d77fc\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p>\n<p><b>辉瑞CEO：预计到2022年底全球将恢复“正常”</b></p>\n<p>辉瑞公司首席执行官Albert Bourla周三表示，他预计发达国家的生活将在今年年底前恢复正常，而世界其他地区将在2022年底前恢复正常。</p>\n<p>Bourla说，到那时，应该有足够剂量的新冠疫苗供大多数国家和地区的人群接种，以抵抗新冠病毒。</p>\n<p>“我认为到2022年底，全世界将有足够的新冠疫苗剂量进行接种，以保护每个人，”他说。“而且我认为到今年年底，发达国家就将会处于这种情况。”</p>\n<p>Bourla表示，辉瑞和德国合作伙伴BioNTech公司在上周达到了生产10亿剂新冠疫苗的里程碑。两家公司预计今年将生产多达300万剂新冠疫苗。</p>\n<p><img src=\"https://static.tigerbbs.com/08ea06e02b123560deb59cc3d33feacd\" tg-width=\"550\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p>\n<p><b>鲍威尔未给出缩减购债的时间 称推高通胀的因素或是暂时的</b></p>\n<p>美联储主席鲍威尔周三在利率决议后的新闻发布会上表示，当美联储看到更多的数据时，可能会更多地谈论缩减购债的时间。如果美联储开始缩减购债，那将是一个有序的、有条不紊的、透明的过程。</p>\n<p>鲍威尔称，在即将召开的会议上，将继续评估经济进展情况，并在做出任何决定之前给予提前通知。如果进展继续，将在接下来的会议上考虑缩减规模的计划，但经济离实质性的进一步进展还有一段路。</p>\n<p>鲍威尔还表示，就通胀问题而言，长期预期具有重要意义。更长周期的通胀预期上扬是好事，这与美联储的政策目标保持一致。他表示，从长远来看，推高通胀的因素可能是暂时的。</p>\n<p><img src=\"https://static.tigerbbs.com/1628aab5e8208ee4663d8d79fb11dfba\" tg-width=\"550\" tg-height=\"342\" referrerpolicy=\"no-referrer\"></p>\n<p><b>耶伦认为2021年4月开始提高资本利得税不算追溯性加税</b></p>\n<p>美国财长珍妮特·耶伦在参议院一个小组的会议上表示，如果国会通过上调资本利得税的法案并从2021年4月开始生效，不算是追溯性加税。</p>\n<p>耶伦周三出席参议院财政委员会会议，当被问及拜登政府的税收提案时，她表示：“我认为，对未来实现资本利得课税有关的潜在规则变更不属于追溯性。”</p>\n<p>作为“美国家庭计划”的一部分，总统乔·拜登在4月28日首次宣布，提议对年收入超过100万美元的人将资本利得税率从20%上调至39.6%。</p>\n<p><img src=\"https://static.tigerbbs.com/69b16c6fc14d14fb81d33d85c5338802\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p><b>标普500指数成份股公司增加现金储备应对“新常态”</b></p>\n<p>没有什么比危机更能刺激你重新思考你的消费习惯。消费者在疫情期间夯实了自己的储蓄账户。现在，企业界也在存钱了。</p>\n<p>数据显示，在4月和5月发布财报的标普500指数非金融成份股公司持有的现金储备同比增长了12%。<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、Alphabet和<a href=\"https://laohu8.com/S/AAL\">美国航空</a>的现金储备增量都名列前茅。</p>\n<p>Fate Capital Management创始人Haris Khurshid说，以前，公司囤积现金是为了回购股票或者增加派息，但疫情期间增持现金主要是因为“疫情引发的高度不确定性。”</p>\n<p>“这些钱将在未来几个月付诸使用，帮助公司适应消费者行为的新常态，”他说。由于一些企业已进行了与大流行相关的调整，例如增加当日送货，Khurshid表示这些钱可能会“用于潜在收购或引入新的收入来源，以保持公司的竞争力”。</p>\n<p><img src=\"https://static.tigerbbs.com/244d5ccc2a55d289fa1d9f75c4d70082\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通用汽车CEO“喊话”马斯克：我们的目标是引领电动汽车市场</b></p>\n<p>通用汽车董事长兼首席执行官玛丽-巴拉（Mary Barra）表示，该公司旨在引领电动汽车市场，击败其他主要汽车制造商以及马斯克的<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>。</p>\n<p>当被问及马斯克声称处于电动汽车开发的最前沿时，巴拉回答说，她表示“总是认真对待我们的每一位竞争对手”。她强调了通用汽车“在电动汽车领域处于领先地位”的目标，并认为该公司拥有许多市场优势。</p>\n<p>具体而言，她提到了通用汽车在商用电动汽车方面的二十年发展价值，并强调了通用汽车从悍马等畅销车型获得的品牌优势。</p>\n<p>巴拉在接受采访时还表示，她计划将通用汽车的电池部门保留在公司内部，而不是将其作为一个单独的实体分拆出来。</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>外媒头条：美联储大幅上调今年通胀预期，暗示提前加息</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n外媒头条：美联储大幅上调今年通胀预期，暗示提前加息\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 05:39 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-17/doc-ikqcfnca1448071.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美联储维持基准利率不变 大幅上调今年通胀预期 暗示提前加息\n\n\n2、辉瑞CEO：预计到2022年底全球将恢复“正常”\n\n\n3、鲍威尔未给出缩减购债的时间 称推高通胀的因素或是暂时的\n\n\n4、耶伦认为2021年4月开始提高资本利得税不算追溯性加税\n\n\n5、标普500指数成份股公司增加现金储备应对“新常态”\n\n\n6、通用汽车CEO“喊话”马斯克：...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-17/doc-ikqcfnca1448071.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e09a7b30204158feaaaf0f4efc19f31f","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","DXD":"道指两倍做空ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","SPY":"标普500ETF","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","SDS":"两倍做空标普500ETF",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF",".SPX":"S&P 500 Index","OEX":"标普100","DOG":"道指反向ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","DJX":"1/100道琼斯","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-17/doc-ikqcfnca1448071.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144713991","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美联储维持基准利率不变 大幅上调今年通胀预期 暗示提前加息\n\n\n2、辉瑞CEO：预计到2022年底全球将恢复“正常”\n\n\n3、鲍威尔未给出缩减购债的时间 称推高通胀的因素或是暂时的\n\n\n4、耶伦认为2021年4月开始提高资本利得税不算追溯性加税\n\n\n5、标普500指数成份股公司增加现金储备应对“新常态”\n\n\n6、通用汽车CEO“喊话”马斯克：我们的目标是引领电动汽车市场\n\n\n美联储维持基准利率不变 大幅上调今年通胀预期 暗示提前加息\n美联储周三大幅提高了今年的通胀预期，并提前了下一次加息的时间框架，但没有表示何时开始削减其激进的债券购买计划。\n北京时间6月17日（周四）02：00，美国联邦公开市场委员会（FOMC）公布最新利率决议，将基准利率维持在0%-0.25%区间不变，将超额准备金利率（IOER）从0.1%上调至0.15%，将隔夜逆回购利率从0.00%上调至0.05%。\n美联储表示，将继续每月增持至少800亿美元的国债和至少400亿美元的住房抵押贷款支持证券，直到委员会的充分就业和物价稳定目标取得实质性进展。\n美联储点阵图显示，到2023年底，美联储将加息两次。官员们表示，加息最早可能在2023年到来，此前3月份曾表示至少要到2024年才会加息。13名委员预计美联储将在2023年开始加息，7名委员预计在2022年开始加息。\n尽管美联储将整体通胀预期上调至3.4%，比较3月份的预测高出整整一个百分点，但会后声明继续表示，通胀压力是“暂时的”。即使对今年的预测上调，委员会仍认为从长远来看通胀率将趋向于2%的目标。\n\n辉瑞CEO：预计到2022年底全球将恢复“正常”\n辉瑞公司首席执行官Albert Bourla周三表示，他预计发达国家的生活将在今年年底前恢复正常，而世界其他地区将在2022年底前恢复正常。\nBourla说，到那时，应该有足够剂量的新冠疫苗供大多数国家和地区的人群接种，以抵抗新冠病毒。\n“我认为到2022年底，全世界将有足够的新冠疫苗剂量进行接种，以保护每个人，”他说。“而且我认为到今年年底，发达国家就将会处于这种情况。”\nBourla表示，辉瑞和德国合作伙伴BioNTech公司在上周达到了生产10亿剂新冠疫苗的里程碑。两家公司预计今年将生产多达300万剂新冠疫苗。\n\n鲍威尔未给出缩减购债的时间 称推高通胀的因素或是暂时的\n美联储主席鲍威尔周三在利率决议后的新闻发布会上表示，当美联储看到更多的数据时，可能会更多地谈论缩减购债的时间。如果美联储开始缩减购债，那将是一个有序的、有条不紊的、透明的过程。\n鲍威尔称，在即将召开的会议上，将继续评估经济进展情况，并在做出任何决定之前给予提前通知。如果进展继续，将在接下来的会议上考虑缩减规模的计划，但经济离实质性的进一步进展还有一段路。\n鲍威尔还表示，就通胀问题而言，长期预期具有重要意义。更长周期的通胀预期上扬是好事，这与美联储的政策目标保持一致。他表示，从长远来看，推高通胀的因素可能是暂时的。\n\n耶伦认为2021年4月开始提高资本利得税不算追溯性加税\n美国财长珍妮特·耶伦在参议院一个小组的会议上表示，如果国会通过上调资本利得税的法案并从2021年4月开始生效，不算是追溯性加税。\n耶伦周三出席参议院财政委员会会议，当被问及拜登政府的税收提案时，她表示：“我认为，对未来实现资本利得课税有关的潜在规则变更不属于追溯性。”\n作为“美国家庭计划”的一部分，总统乔·拜登在4月28日首次宣布，提议对年收入超过100万美元的人将资本利得税率从20%上调至39.6%。\n\n标普500指数成份股公司增加现金储备应对“新常态”\n没有什么比危机更能刺激你重新思考你的消费习惯。消费者在疫情期间夯实了自己的储蓄账户。现在，企业界也在存钱了。\n数据显示，在4月和5月发布财报的标普500指数非金融成份股公司持有的现金储备同比增长了12%。亚马逊、Alphabet和美国航空的现金储备增量都名列前茅。\nFate Capital Management创始人Haris Khurshid说，以前，公司囤积现金是为了回购股票或者增加派息，但疫情期间增持现金主要是因为“疫情引发的高度不确定性。”\n“这些钱将在未来几个月付诸使用，帮助公司适应消费者行为的新常态，”他说。由于一些企业已进行了与大流行相关的调整，例如增加当日送货，Khurshid表示这些钱可能会“用于潜在收购或引入新的收入来源，以保持公司的竞争力”。\n\n通用汽车CEO“喊话”马斯克：我们的目标是引领电动汽车市场\n通用汽车董事长兼首席执行官玛丽-巴拉（Mary Barra）表示，该公司旨在引领电动汽车市场，击败其他主要汽车制造商以及马斯克的特斯拉。\n当被问及马斯克声称处于电动汽车开发的最前沿时，巴拉回答说，她表示“总是认真对待我们的每一位竞争对手”。她强调了通用汽车“在电动汽车领域处于领先地位”的目标，并认为该公司拥有许多市场优势。\n具体而言，她提到了通用汽车在商用电动汽车方面的二十年发展价值，并强调了通用汽车从悍马等畅销车型获得的品牌优势。\n巴拉在接受采访时还表示，她计划将通用汽车的电池部门保留在公司内部，而不是将其作为一个单独的实体分拆出来。","news_type":1},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920247508,"gmtCreate":1670511342505,"gmtModify":1676538383113,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"😗","listText":"😗","text":"😗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920247508","repostId":"1167434190","repostType":4,"repost":{"id":"1167434190","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1670503937,"share":"https://ttm.financial/m/news/1167434190?lang=&edition=fundamental","pubTime":"2022-12-08 20:52","market":"us","language":"en","title":"Pre-Bell｜Dow Futures Jumped Nearly 100 Points; This Networking Equipment Maker Surged Over 19%","url":"https://stock-news.laohu8.com/highlight/detail?id=1167434190","media":"Tiger Newspress","summary":"U.S. stock futures rose slightly on Thursday after the S&P 500 declined for a fifth consecutive day ","content":"<html><head></head><body><p>U.S. stock futures rose slightly on Thursday after the S&amp;P 500 declined for a fifth consecutive day and Wall Street evaluated the likelihood of a recession ahead.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 71 points, or 0.21%, S&amp;P 500 e-minis were up 10.75 points, or 0.27%, and Nasdaq 100 e-minis were up 31 points, or 0.27%.</p><p><img src=\"https://static.tigerbbs.com/78f63f58ed31cc8be30bf4b2044e91c4\" tg-width=\"287\" tg-height=\"138\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/CIEN\">Ciena</a></b> – The networking equipment maker&#39;s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said it sees &#34;outsized&#34; revenue growth in 2023.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. CEO Matt Furlong said the company had completed necessary investments and would be very judicious in future spending. GameStop moved between gains and losses in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/RENT\">Rent the Runway, Inc.</a></b> – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. The company also said its restructuring process was substantially complete.</p><p><b><a href=\"https://laohu8.com/S/OXM\">Oxford</a></b> – Oxford Industries rose 2.6% in premarket trading after the maker of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed analyst predictions.</p><p><b><a href=\"https://laohu8.com/S/UL\">Unilever PLC</a></b> – Unilever is weighing a possible $3 billion sale of its U.S. ice cream brands including Ben &amp; Jerry&#39;s, according to a Bloomberg report.</p><p><b><a href=\"https://laohu8.com/S/KMI\">Kinder Morgan</a></b> – Kinder Morgan forecast an increase in adjusted earnings for 2023, with the pipeline operator anticipating higher transportation demand for crude oil and other energy products. Kinder Morgan shares gained 2.1% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/CANO\">Cano Health</a></b> – Cano Health fell 5.3% in the premarket after Bloomberg reported that Daniel Loeb&#39;s Third Point sold its remaining stake in the healthcare provider amid concerns about its liquidity.</p><p><b><a href=\"https://laohu8.com/S/EXPR\">Express, Inc.</a></b> – The small-cap apparel retailer&#39;s shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.</p><p><b>Market News</b></p><p>Bernard Arnault, the chief executive of luxury brand Louis Vuitton&#39;s parent company LVMH, and his family briefly took the title as the world&#39;s richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday.</p><p>The Pentagon on Wednesday awarded cloud computing contracts worth $9 billion each to <b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a></b>&#39;s Google, <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b> Web Services Inc, <b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></b> and <b><a href=\"https://laohu8.com/S/ORCL\">Oracle</a></b>.</p><p>Elon Musk has tapped a longtime <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> executive in China who oversaw construction of the Shanghai gigfactory to help run the electric carmaker’s newest plant in Austin, Texas, people familiar with the matter said.</p><p>The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said in a statement on Wednesday.</p><p>The Centers for Disease Control and Prevention (CDC) has renewed its partnership with <b><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></b> to advance the nation&#39;s public health infrastructure.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> reported third-quarter revenue of $1.186 billion, which was down from $1.297 billion in the prior year&#39;s quarter. It reported a third-quarter net loss of 31 cents per share.</p><p><b><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></b>&#39;s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Dow Futures Jumped Nearly 100 Points; This Networking Equipment Maker Surged Over 19%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-08 20:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures rose slightly on Thursday after the S&amp;P 500 declined for a fifth consecutive day and Wall Street evaluated the likelihood of a recession ahead.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 71 points, or 0.21%, S&amp;P 500 e-minis were up 10.75 points, or 0.27%, and Nasdaq 100 e-minis were up 31 points, or 0.27%.</p><p><img src=\"https://static.tigerbbs.com/78f63f58ed31cc8be30bf4b2044e91c4\" tg-width=\"287\" tg-height=\"138\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/CIEN\">Ciena</a></b> – The networking equipment maker&#39;s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said it sees &#34;outsized&#34; revenue growth in 2023.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. CEO Matt Furlong said the company had completed necessary investments and would be very judicious in future spending. GameStop moved between gains and losses in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/RENT\">Rent the Runway, Inc.</a></b> – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. The company also said its restructuring process was substantially complete.</p><p><b><a href=\"https://laohu8.com/S/OXM\">Oxford</a></b> – Oxford Industries rose 2.6% in premarket trading after the maker of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed analyst predictions.</p><p><b><a href=\"https://laohu8.com/S/UL\">Unilever PLC</a></b> – Unilever is weighing a possible $3 billion sale of its U.S. ice cream brands including Ben &amp; Jerry&#39;s, according to a Bloomberg report.</p><p><b><a href=\"https://laohu8.com/S/KMI\">Kinder Morgan</a></b> – Kinder Morgan forecast an increase in adjusted earnings for 2023, with the pipeline operator anticipating higher transportation demand for crude oil and other energy products. Kinder Morgan shares gained 2.1% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/CANO\">Cano Health</a></b> – Cano Health fell 5.3% in the premarket after Bloomberg reported that Daniel Loeb&#39;s Third Point sold its remaining stake in the healthcare provider amid concerns about its liquidity.</p><p><b><a href=\"https://laohu8.com/S/EXPR\">Express, Inc.</a></b> – The small-cap apparel retailer&#39;s shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.</p><p><b>Market News</b></p><p>Bernard Arnault, the chief executive of luxury brand Louis Vuitton&#39;s parent company LVMH, and his family briefly took the title as the world&#39;s richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday.</p><p>The Pentagon on Wednesday awarded cloud computing contracts worth $9 billion each to <b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a></b>&#39;s Google, <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b> Web Services Inc, <b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></b> and <b><a href=\"https://laohu8.com/S/ORCL\">Oracle</a></b>.</p><p>Elon Musk has tapped a longtime <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> executive in China who oversaw construction of the Shanghai gigfactory to help run the electric carmaker’s newest plant in Austin, Texas, people familiar with the matter said.</p><p>The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said in a statement on Wednesday.</p><p>The Centers for Disease Control and Prevention (CDC) has renewed its partnership with <b><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></b> to advance the nation&#39;s public health infrastructure.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> reported third-quarter revenue of $1.186 billion, which was down from $1.297 billion in the prior year&#39;s quarter. It reported a third-quarter net loss of 31 cents per share.</p><p><b><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></b>&#39;s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167434190","content_text":"U.S. stock futures rose slightly on Thursday after the S&P 500 declined for a fifth consecutive day and Wall Street evaluated the likelihood of a recession ahead.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 71 points, or 0.21%, S&P 500 e-minis were up 10.75 points, or 0.27%, and Nasdaq 100 e-minis were up 31 points, or 0.27%.Pre-Market MoversCiena – The networking equipment maker's stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said it sees \"outsized\" revenue growth in 2023.GameStop – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. CEO Matt Furlong said the company had completed necessary investments and would be very judicious in future spending. GameStop moved between gains and losses in premarket trading.Rent the Runway, Inc. – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. The company also said its restructuring process was substantially complete.Oxford – Oxford Industries rose 2.6% in premarket trading after the maker of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed analyst predictions.Unilever PLC – Unilever is weighing a possible $3 billion sale of its U.S. ice cream brands including Ben & Jerry's, according to a Bloomberg report.Kinder Morgan – Kinder Morgan forecast an increase in adjusted earnings for 2023, with the pipeline operator anticipating higher transportation demand for crude oil and other energy products. Kinder Morgan shares gained 2.1% in premarket trading.Cano Health – Cano Health fell 5.3% in the premarket after Bloomberg reported that Daniel Loeb's Third Point sold its remaining stake in the healthcare provider amid concerns about its liquidity.Express, Inc. – The small-cap apparel retailer's shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.Market NewsBernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.Apple plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday.The Pentagon on Wednesday awarded cloud computing contracts worth $9 billion each to Alphabet's Google, Amazon.com Web Services Inc, Microsoft and Oracle.Elon Musk has tapped a longtime Tesla Motors executive in China who oversaw construction of the Shanghai gigfactory to help run the electric carmaker’s newest plant in Austin, Texas, people familiar with the matter said.The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said in a statement on Wednesday.The Centers for Disease Control and Prevention (CDC) has renewed its partnership with Palantir Technologies Inc. to advance the nation's public health infrastructure.GameStop reported third-quarter revenue of $1.186 billion, which was down from $1.297 billion in the prior year's quarter. It reported a third-quarter net loss of 31 cents per share.Coinbase Global, Inc.'s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017281146,"gmtCreate":1649778059395,"gmtModify":1676534573429,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017281146","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/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"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":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832218273,"gmtCreate":1629637759192,"gmtModify":1676530083608,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832218273","repostId":"2161774462","repostType":4,"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193899964,"gmtCreate":1620778491558,"gmtModify":1704348151375,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193899964","repostId":"1107085492","repostType":4,"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811889428,"gmtCreate":1630308928964,"gmtModify":1676530263740,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811889428","repostId":"1175284402","repostType":4,"repost":{"id":"1175284402","pubTimestamp":1630307555,"share":"https://ttm.financial/m/news/1175284402?lang=&edition=fundamental","pubTime":"2021-08-30 15:12","market":"sh","language":"zh","title":"百度营销：“灯火阑珊”在何处？","url":"https://stock-news.laohu8.com/highlight/detail?id=1175284402","media":"甲方财经","summary":"百度，一个我们熟悉又陌生的名字。\n熟悉，是因为我们在搜索的时候会使用它；陌生，是因为自进入移动互联网时代后百度的存在感越来越弱。\n“BAT”桌面互联网时代的互联网王者标签，曾是多少互联网创业者心中的白","content":"<p>百度，一个我们熟悉又陌生的名字。</p>\n<p>熟悉，是因为我们在搜索的时候会使用它；陌生，是因为自进入移动互联网时代后百度的存在感越来越弱。</p>\n<p>“BAT”桌面互联网时代的互联网王者标签，曾是多少互联网创业者心中的白月光，在移动互联网浪潮的冲击下，“AT”巍然不动但“B”却已经跌出十名之外，市值被后来的小弟美团、滴滴等反超。</p>\n<p>移动互联网时代流量格局的玩法在很大程度上削弱了百度在搜索流量与产品上的竞争优势，闭环式的商业模式也使得百度以搜索作为流量变现工具的玩法变得鸡肋一般。</p>\n<p>渐渐地，百度在B端与C端两个市场都逐渐讨不到好，在用户与同行中的存在感也就越来越弱。但如果你认为这就是百度接下来的宿命了，那么可能就错了。</p>\n<p><b>王国维的名句“众里寻他千百度，那人却在灯火阑珊处”流传广泛，字里行间蕴藏着“情理之中、意料之外”的人生味道。这种常识逻辑之外的意外发现经常出现在生活中，同样也存在于我们对百度的认知与判断上。</b></p>\n<p>2021年的百度世界大会，展示了百度在AI等前沿技术的研发、产品落地以及商业模式探索等方面的积淀与进展，以及百度产品战略从“搜索”转向“服务”的变化，这一切都在向我们昭示着那个曾经的王者正在归来。</p>\n<p>但AI与服务，就是百度一直苦苦寻找的“灯火阑珊处“吗？且听甲方财经一一道来。</p>\n<p><b>01 用完即走、单层次化、收租行为，能力匮乏的背后：流量经营的孱弱</b></p>\n<p>衡量互联网公司的发展势头好不好，除了看它的财务报表、经营业绩之外，还有一个重</p>\n<p>要的因素——新概念的生产能力。</p>\n<p>俗话说，一分钱气死英雄汉。一个在市场竞争与同行眼中存在感越来越弱的企业，是没有底气去喊出一些新说法的。</p>\n<p>以互联网营销为例，阿里提出了“全域营销”的理论框架，并据此凝练了“AIPL”营销模型；腾讯提出了“全链路营销”；字节跳动提出了一个“5A”链路模型，就连爱奇艺都有自己的链路模型“AACAR”。反观百度，既没有新的营销理论框架，也没有扎眼球的关键词。</p>\n<p><b>新概念看着事小，其实能从小细节反映出大方面。一个完整的理论框架，必然是对流量闭环的商业模式的完整与精确的呈现，而模型则是向B端市场清晰阐述自己的流量变现与平台赋能的落地执行环节。</b></p>\n<p><b>百度之所以在之前既提出不理论框架也凝练不了操作模型，主要原因有两个：一是流量生态无法形成闭环；二是流量变现的单层次化。</b></p>\n<p>百度最重头戏的产品就是搜索，虽然在桌面互联网时代创造了流量神话，但却埋下了一个顽疾——中转站。</p>\n<p>用户进入百度是为了到达自己的目的地，百度在用户的行为链条中成为一个中转站的角色，让用户在百度生态中的黏性很低，这一点与支付功能软件很相似，即“用完即走”。</p>\n<p>这个问题在桌面互联网时代并不突出，但到了移动互联网时代各大APP都在做流量闭环，用尽各种办法让用户流在自己的生态体系中，在此形势下百度作为中转站的角色不仅有点多余，而且还会在无形中增加用户行为成本，再加上各APP之间数据与流量的割据使得百度作为中转站的效果在急速下降。</p>\n<p>百度作为中转站的角色其实只是一个表象，本质上是百度在移动互联网时代无法形成自己的流量闭环，更为要命的是尽管百度已经意识到这个问题的严重性，但由于其长期做中转站的角色所造成的“收租思维“，使得其在进行新的流量产品开发时仍然秉持着旧的意识。</p>\n<p>比如百度当年涉足电商与外卖领域，仍然是简单地将搜索流量与电商、外卖进行嫁接，结果如何市场已经给出了答案。形不成流量闭环的深层原因，是百度对流量价值发掘以及变现缺乏立体能力，流量闭环的另一面就是商业生态，从商业生态的角度理解就是百度无法在流量链条上实现对用户（B端与C端）的持续性服务能力，这又恰恰回到了之前那个话题——百度以前是收租思维。</p>\n<p>百度的收租思维导致其在以前过于注重流量宽幅以及导流总量，通俗地讲就是更在意入</p>\n<p>站流量的类型丰富性以及入站总量，对于流量进入之后的商业资源匹配与支撑等方面则较为薄弱。</p>\n<p>萝卜快了不洗泥，这就导致一方面各种流量鱼龙混杂、泥沙俱下，另一方面流量的配套与支持严重不足。用户并不能通过百度搜索来解决自身的需求与问题，用户体验越来越差，黏性也越来越低。</p>\n<p>于是我们看到，被诟病已久的莆田系等民营医疗、医美、保健等行业反而在一定时期内成为百度的大金主，这种对劣质流量的来者不拒以及后续商业资源的溃烂不仅导致百度要承担极大的监管与社会舆论风险，也使得百度在用户与广告主中逐渐丧失存在价值。</p>\n<p>但面对颓势与竞争，百度并非一味消极度日，而是一直在积极探索，对营销产品进行系统</p>\n<p>化整合和智能升级，创新IP，直播带货……种种商业新尝试。但这些努力，从目前来仍看坎坷居多，那么为什么会这样？</p>\n<p><b>02 原生匮乏、外接不足、管理滞后，问诊流量背后的三大秘密</b></p>\n<p>百度为何会走到今天这个地步？</p>\n<p>这个问题不仅萦绕在百度管理层团队的脑海里，也是一众旁观者们试图搞清楚的谜团。解铃还须系铃人，既然百度是曾经的搜索流量之王，那么我们的问诊就从流量开始。</p>\n<p>甲方财经将从原生、外接、管理三个方面的问题一一详说。</p>\n<p><b>原生：缺少船票级的流量阵地</b></p>\n<p>互联网发展至今，共有三波大的流量浪潮，也对应着三批流量船票，分别是：搜索流量、</p>\n<p>社交流量、推荐流量。</p>\n<p>这三种类型的流量船票，任何一个企业只要踩中，妥妥地同时代的头部公司。</p>\n<p>百度很幸运，踩中了搜索流量这一波红利，拿到了船票，自然也成为当时的互联网头部公司；但百度也不幸，由此错过了后来的社交与推荐流量。从目前来看，流量的主要阵地是短视频，抖音与快手拿到了船票。</p>\n<p>百度缺乏对短视频流量的掌控能力，这会导致其无法实现大流量数量的导引，由此会造成与竞争对手来流量获取能力上的根本性差异，这会使得广告主市场对百度的营销能力存疑，削弱百度在B端的发力与拓展，也会限制资本市场对百度营收的想象空间。</p>\n<p><b>外接：缺少有效的孵化与并购能力</b></p>\n<p>互联网公司除了自己下场拼杀之外，往往会运用金融投资等手段进行纵横捭阖，因此孵</p>\n<p>化能力就成为衡量互联网公司竞争力的一个重要指标。</p>\n<p>相较于阿里与腾讯，百度在此方面的答卷无疑要弱了很多。阿里对微博等文娱、生活领域的渗透，腾讯对快手、京东等大平台的控制，这些资本层面的并购、控股等不仅为企业带来了丰厚的资产性收益，更为重要的是以资本为跨界纽带高效链接异类流量形态，拼接出最大范围的流量版图与全链条。</p>\n<p>流量在手，天下我有。</p>\n<p>没有人会嫌流量多，流量除了自己努力原创之外，外接流量的能力（范围、种类与规模）意味着互联网企业可以依托流量做更多商业资源的匹配、对接与支撑，流量越大越丰富，能够匹配的资源就越多，能够关联的商业伙伴也就越多，其商业生态体系的抗风险与拒止能力就越强悍。</p>\n<p>百度也曾有过多起孵化与收购行为，但从市场结果来看并不佳，这也导致我们对百度的认知仍然停留在搜索这个标签上。</p>\n<p><b>管理：理念滞后，缺乏全链路思维</b></p>\n<p>大互联网平台的流量之争，不仅表现在流量的获取上，还表现在对入站流量的管理效率</p>\n<p>与质量上。</p>\n<p>虽然从名称上看，百度有全平台的流量变现管理工具——凤巢系统，但该系统一直受困于管理层对其定位的摇摆不定，并由此导致其在业务层面、管理权限、归属部门等方面一直频繁变化。</p>\n<p>这种频繁变化会严重削弱团队信心与热情，也会影响技术与产品层面的稳定迭代。反观阿里与腾讯，尽管也出现类似百度那样的频繁内部调整，但这是管理层依据外部竞争环境变化所做出的应对，其目标、定位等都一直保持清晰与稳定。</p>\n<p>摇摆的定位、模糊的态度以及频繁的调整，大大消耗了百度内部的优质资源，也使得其管理团队没有精力与时间去思考如何搭建百度自己的全链路营销，表现到外界就是相较于阿里与腾讯，百度一直未能提出清晰的营销理论框架以及可以落地执行的营销模型。</p>\n<p><b>03 “百足之虫，死而不僵”，论重现辉煌的可能性</b></p>\n<p>百度能否重现昨日辉煌？能够在中国互联网发展史上演王者归来的一幕？</p>\n<p>美好的期许需要建立在现实基础上，对百度未来重新辉煌的设想也需要立足百度当下正在做的事，这些事能够支撑起百度未来的王者地位吗？</p>\n<p><b>AI：一半是海水，一半是火焰</b></p>\n<p>AI无疑是百度手中最大的王牌，也是目前百度曝光度最高的产品类型。</p>\n<p>我们都知道人工智能是大势所趋，但这个大势落到商业执行层面仍然面临诸多不确定性、仍然需要克服很多问题如消费习惯、市场接受度等。</p>\n<p>百度All in AI 的战略，虽然在资本市场暂时提振了信心和自身股价，但百度目前在AI落地层面偏重B端的做法也使得未来走向变得婆娑迷离。</p>\n<p>自动驾驶、智能工厂等B端产品建设周期长、回报风险高，且难以形成像C端市场的标准化服务能力。百度目前是以赚钱的项目在养活AI这个烧钱项目，其布局更多是一种前瞻性做法，要想转化为现实的竞争优势还需要更多外部环境与前提条件。</p>\n<p><b>企业百家号：匮乏的B端服务能力</b></p>\n<p>企业号的市场已经逐渐进入红海，腾讯在微信企业号上已经建立起强大的护城河与优势</p>\n<p>地位。百度推进企业百家号更多是一种跟随者战略。</p>\n<p>市场的头汤已然喝不到了，跟风进入又要面临霸主的挤压。更为重要的是，企业号本身并不只是一套操作系统，背后是对企业服务能力的深层次理解与兑现。</p>\n<p>在百度的技术与产品思维中，最为缺乏的恰恰就是这种围绕B端需求构建自身服务体系的能力，长期以来的收租思维导致百度一直欠缺围绕B端需求进行持续的、完整的、深刻的洞察以及圈层服务能力的搭建与匹配。</p>\n<p><b>搜索+服务 ：自建闭环的平台成本</b></p>\n<p>百度目前正在力推的“搜索+服务”产品战略，被外界解读为从“搜索信息平台”转向“生活服务平台”。这种玩法与之前做法的最大区别在于，百度需要去利用搜索真正解决用户需求与问题，而不仅仅是导流到相关落地页。</p>\n<p>这种做法好处是可以大幅提升搜索流量的质量，也可以借此推动服务能力的搭建。但问题也是显而易见的，这就是百度不能只满足于做中介，而是需要自己去下场筛选、孵化甚至是直营相关服务能力，这其中的成本之高可想而知。</p>\n<p>一个健康的商业生态体系，应当是参与其中的各方都能获益，而且都能持续获益，百度此做法虽然可以提升搜索与服务的匹配质量，但也提高了商业交易的成本，尤其是平台自己的参与成本。</p>\n<p>如果一个商业生态的主导者是靠自己输血来维持运转，那么这个生态的可持续性究竟如何呢？</p>\n<p><b>04 甲方财经的思考：流量变现的站位与妥协</b></p>\n<p>流量变现是一场综合博弈，C端用户、B端、平台三方参与其中。</p>\n<p>百度押注AI、推进搜索+服务等，一方面是为了扩大流量入口的宽幅，争取更多的流量来源与规模；另一方面是为了提高入站流量的变现效率。</p>\n<p>为了提高流量变现效率，百度给出的药方是平台自建服务供应链与能力，以此来提升搜索流量在C端与B端的价值。</p>\n<p>这种做法本质上是以增加平台自营成本的方式来驱动C端与B端参与流量变现游戏，虽然在短期内可以将流量总盘子做大，但这种以损耗游戏一方商业利益讨好另外两方的做法打破了三方博弈的平衡。</p>\n<p>百度在流量变现上的站位已经从平台侧转向侧重B端的需求侧，这种妥协究竟能否转化成收割市场的镰刀，我们拭目以待。</p>\n<p>参考资料</p>\n<p>1.2021年第一季度，百度实现营收281亿元，同比增长25%，创两年以来最高增速，其中，百度核心在线广告收入163亿元，同比增长27%，占总营收的58%。</p>\n<p>2.百度对自身的营销方法论做了重新定义，与之前相比更强调兴趣、便捷等，其主要目的就在于基于数字生活者在各种场景之下的沟通“触点”，帮助企业实现更快、更牢固的连接，更强大的品牌推广和效果转化。</p>\n<p>3.移动生态是百度的基本盘，而托管页、智能小程序以及百家号是百度移动生态的三大支柱业务。百度发布的 2020 年四季度及全年业绩报告中显示，来自托管页的收入占到百度核心在线营销服务收入比重提升至三分之一，有超过 30 万托管页客户正在采用百度营销云服务平台。</p>\n<p>4.在百度港股招股书中是这样介绍托管页的：托管页为网站所有者提供托管解决方案，令其可在无需支付网站基础设施费用（例如服务器、软件及带宽）并维护网站基础设施的情况下维护网页。传统数字广告式微，而托管页作为流量可追踪、用户行为可拆解、分析的营销解决方案，恰恰可以解决这些问题，让广告主见到切实效果。</p>","source":"lsy1630307523054","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n百度营销：“灯火阑珊”在何处？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 15:12 北京时间&nbsp;&nbsp;&nbsp;<a href=https://36kr.com/p/1376677918422150><strong>甲方财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>百度，一个我们熟悉又陌生的名字。\n熟悉，是因为我们在搜索的时候会使用它；陌生，是因为自进入移动互联网时代后百度的存在感越来越弱。\n“BAT”桌面互联网时代的互联网王者标签，曾是多少互联网创业者心中的白月光，在移动互联网浪潮的冲击下，“AT”巍然不动但“B”却已经跌出十名之外，市值被后来的小弟美团、滴滴等反超。\n移动互联网时代流量格局的玩法在很大程度上削弱了百度在搜索流量与产品上的竞争优势，闭环式的...</p>\n\n<a href=\"https://36kr.com/p/1376677918422150\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0cb3c6c3c55603d00a14ee3389850b7f","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"source_url":"https://36kr.com/p/1376677918422150","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175284402","content_text":"百度，一个我们熟悉又陌生的名字。\n熟悉，是因为我们在搜索的时候会使用它；陌生，是因为自进入移动互联网时代后百度的存在感越来越弱。\n“BAT”桌面互联网时代的互联网王者标签，曾是多少互联网创业者心中的白月光，在移动互联网浪潮的冲击下，“AT”巍然不动但“B”却已经跌出十名之外，市值被后来的小弟美团、滴滴等反超。\n移动互联网时代流量格局的玩法在很大程度上削弱了百度在搜索流量与产品上的竞争优势，闭环式的商业模式也使得百度以搜索作为流量变现工具的玩法变得鸡肋一般。\n渐渐地，百度在B端与C端两个市场都逐渐讨不到好，在用户与同行中的存在感也就越来越弱。但如果你认为这就是百度接下来的宿命了，那么可能就错了。\n王国维的名句“众里寻他千百度，那人却在灯火阑珊处”流传广泛，字里行间蕴藏着“情理之中、意料之外”的人生味道。这种常识逻辑之外的意外发现经常出现在生活中，同样也存在于我们对百度的认知与判断上。\n2021年的百度世界大会，展示了百度在AI等前沿技术的研发、产品落地以及商业模式探索等方面的积淀与进展，以及百度产品战略从“搜索”转向“服务”的变化，这一切都在向我们昭示着那个曾经的王者正在归来。\n但AI与服务，就是百度一直苦苦寻找的“灯火阑珊处“吗？且听甲方财经一一道来。\n01 用完即走、单层次化、收租行为，能力匮乏的背后：流量经营的孱弱\n衡量互联网公司的发展势头好不好，除了看它的财务报表、经营业绩之外，还有一个重\n要的因素——新概念的生产能力。\n俗话说，一分钱气死英雄汉。一个在市场竞争与同行眼中存在感越来越弱的企业，是没有底气去喊出一些新说法的。\n以互联网营销为例，阿里提出了“全域营销”的理论框架，并据此凝练了“AIPL”营销模型；腾讯提出了“全链路营销”；字节跳动提出了一个“5A”链路模型，就连爱奇艺都有自己的链路模型“AACAR”。反观百度，既没有新的营销理论框架，也没有扎眼球的关键词。\n新概念看着事小，其实能从小细节反映出大方面。一个完整的理论框架，必然是对流量闭环的商业模式的完整与精确的呈现，而模型则是向B端市场清晰阐述自己的流量变现与平台赋能的落地执行环节。\n百度之所以在之前既提出不理论框架也凝练不了操作模型，主要原因有两个：一是流量生态无法形成闭环；二是流量变现的单层次化。\n百度最重头戏的产品就是搜索，虽然在桌面互联网时代创造了流量神话，但却埋下了一个顽疾——中转站。\n用户进入百度是为了到达自己的目的地，百度在用户的行为链条中成为一个中转站的角色，让用户在百度生态中的黏性很低，这一点与支付功能软件很相似，即“用完即走”。\n这个问题在桌面互联网时代并不突出，但到了移动互联网时代各大APP都在做流量闭环，用尽各种办法让用户流在自己的生态体系中，在此形势下百度作为中转站的角色不仅有点多余，而且还会在无形中增加用户行为成本，再加上各APP之间数据与流量的割据使得百度作为中转站的效果在急速下降。\n百度作为中转站的角色其实只是一个表象，本质上是百度在移动互联网时代无法形成自己的流量闭环，更为要命的是尽管百度已经意识到这个问题的严重性，但由于其长期做中转站的角色所造成的“收租思维“，使得其在进行新的流量产品开发时仍然秉持着旧的意识。\n比如百度当年涉足电商与外卖领域，仍然是简单地将搜索流量与电商、外卖进行嫁接，结果如何市场已经给出了答案。形不成流量闭环的深层原因，是百度对流量价值发掘以及变现缺乏立体能力，流量闭环的另一面就是商业生态，从商业生态的角度理解就是百度无法在流量链条上实现对用户（B端与C端）的持续性服务能力，这又恰恰回到了之前那个话题——百度以前是收租思维。\n百度的收租思维导致其在以前过于注重流量宽幅以及导流总量，通俗地讲就是更在意入\n站流量的类型丰富性以及入站总量，对于流量进入之后的商业资源匹配与支撑等方面则较为薄弱。\n萝卜快了不洗泥，这就导致一方面各种流量鱼龙混杂、泥沙俱下，另一方面流量的配套与支持严重不足。用户并不能通过百度搜索来解决自身的需求与问题，用户体验越来越差，黏性也越来越低。\n于是我们看到，被诟病已久的莆田系等民营医疗、医美、保健等行业反而在一定时期内成为百度的大金主，这种对劣质流量的来者不拒以及后续商业资源的溃烂不仅导致百度要承担极大的监管与社会舆论风险，也使得百度在用户与广告主中逐渐丧失存在价值。\n但面对颓势与竞争，百度并非一味消极度日，而是一直在积极探索，对营销产品进行系统\n化整合和智能升级，创新IP，直播带货……种种商业新尝试。但这些努力，从目前来仍看坎坷居多，那么为什么会这样？\n02 原生匮乏、外接不足、管理滞后，问诊流量背后的三大秘密\n百度为何会走到今天这个地步？\n这个问题不仅萦绕在百度管理层团队的脑海里，也是一众旁观者们试图搞清楚的谜团。解铃还须系铃人，既然百度是曾经的搜索流量之王，那么我们的问诊就从流量开始。\n甲方财经将从原生、外接、管理三个方面的问题一一详说。\n原生：缺少船票级的流量阵地\n互联网发展至今，共有三波大的流量浪潮，也对应着三批流量船票，分别是：搜索流量、\n社交流量、推荐流量。\n这三种类型的流量船票，任何一个企业只要踩中，妥妥地同时代的头部公司。\n百度很幸运，踩中了搜索流量这一波红利，拿到了船票，自然也成为当时的互联网头部公司；但百度也不幸，由此错过了后来的社交与推荐流量。从目前来看，流量的主要阵地是短视频，抖音与快手拿到了船票。\n百度缺乏对短视频流量的掌控能力，这会导致其无法实现大流量数量的导引，由此会造成与竞争对手来流量获取能力上的根本性差异，这会使得广告主市场对百度的营销能力存疑，削弱百度在B端的发力与拓展，也会限制资本市场对百度营收的想象空间。\n外接：缺少有效的孵化与并购能力\n互联网公司除了自己下场拼杀之外，往往会运用金融投资等手段进行纵横捭阖，因此孵\n化能力就成为衡量互联网公司竞争力的一个重要指标。\n相较于阿里与腾讯，百度在此方面的答卷无疑要弱了很多。阿里对微博等文娱、生活领域的渗透，腾讯对快手、京东等大平台的控制，这些资本层面的并购、控股等不仅为企业带来了丰厚的资产性收益，更为重要的是以资本为跨界纽带高效链接异类流量形态，拼接出最大范围的流量版图与全链条。\n流量在手，天下我有。\n没有人会嫌流量多，流量除了自己努力原创之外，外接流量的能力（范围、种类与规模）意味着互联网企业可以依托流量做更多商业资源的匹配、对接与支撑，流量越大越丰富，能够匹配的资源就越多，能够关联的商业伙伴也就越多，其商业生态体系的抗风险与拒止能力就越强悍。\n百度也曾有过多起孵化与收购行为，但从市场结果来看并不佳，这也导致我们对百度的认知仍然停留在搜索这个标签上。\n管理：理念滞后，缺乏全链路思维\n大互联网平台的流量之争，不仅表现在流量的获取上，还表现在对入站流量的管理效率\n与质量上。\n虽然从名称上看，百度有全平台的流量变现管理工具——凤巢系统，但该系统一直受困于管理层对其定位的摇摆不定，并由此导致其在业务层面、管理权限、归属部门等方面一直频繁变化。\n这种频繁变化会严重削弱团队信心与热情，也会影响技术与产品层面的稳定迭代。反观阿里与腾讯，尽管也出现类似百度那样的频繁内部调整，但这是管理层依据外部竞争环境变化所做出的应对，其目标、定位等都一直保持清晰与稳定。\n摇摆的定位、模糊的态度以及频繁的调整，大大消耗了百度内部的优质资源，也使得其管理团队没有精力与时间去思考如何搭建百度自己的全链路营销，表现到外界就是相较于阿里与腾讯，百度一直未能提出清晰的营销理论框架以及可以落地执行的营销模型。\n03 “百足之虫，死而不僵”，论重现辉煌的可能性\n百度能否重现昨日辉煌？能够在中国互联网发展史上演王者归来的一幕？\n美好的期许需要建立在现实基础上，对百度未来重新辉煌的设想也需要立足百度当下正在做的事，这些事能够支撑起百度未来的王者地位吗？\nAI：一半是海水，一半是火焰\nAI无疑是百度手中最大的王牌，也是目前百度曝光度最高的产品类型。\n我们都知道人工智能是大势所趋，但这个大势落到商业执行层面仍然面临诸多不确定性、仍然需要克服很多问题如消费习惯、市场接受度等。\n百度All in AI 的战略，虽然在资本市场暂时提振了信心和自身股价，但百度目前在AI落地层面偏重B端的做法也使得未来走向变得婆娑迷离。\n自动驾驶、智能工厂等B端产品建设周期长、回报风险高，且难以形成像C端市场的标准化服务能力。百度目前是以赚钱的项目在养活AI这个烧钱项目，其布局更多是一种前瞻性做法，要想转化为现实的竞争优势还需要更多外部环境与前提条件。\n企业百家号：匮乏的B端服务能力\n企业号的市场已经逐渐进入红海，腾讯在微信企业号上已经建立起强大的护城河与优势\n地位。百度推进企业百家号更多是一种跟随者战略。\n市场的头汤已然喝不到了，跟风进入又要面临霸主的挤压。更为重要的是，企业号本身并不只是一套操作系统，背后是对企业服务能力的深层次理解与兑现。\n在百度的技术与产品思维中，最为缺乏的恰恰就是这种围绕B端需求构建自身服务体系的能力，长期以来的收租思维导致百度一直欠缺围绕B端需求进行持续的、完整的、深刻的洞察以及圈层服务能力的搭建与匹配。\n搜索+服务 ：自建闭环的平台成本\n百度目前正在力推的“搜索+服务”产品战略，被外界解读为从“搜索信息平台”转向“生活服务平台”。这种玩法与之前做法的最大区别在于，百度需要去利用搜索真正解决用户需求与问题，而不仅仅是导流到相关落地页。\n这种做法好处是可以大幅提升搜索流量的质量，也可以借此推动服务能力的搭建。但问题也是显而易见的，这就是百度不能只满足于做中介，而是需要自己去下场筛选、孵化甚至是直营相关服务能力，这其中的成本之高可想而知。\n一个健康的商业生态体系，应当是参与其中的各方都能获益，而且都能持续获益，百度此做法虽然可以提升搜索与服务的匹配质量，但也提高了商业交易的成本，尤其是平台自己的参与成本。\n如果一个商业生态的主导者是靠自己输血来维持运转，那么这个生态的可持续性究竟如何呢？\n04 甲方财经的思考：流量变现的站位与妥协\n流量变现是一场综合博弈，C端用户、B端、平台三方参与其中。\n百度押注AI、推进搜索+服务等，一方面是为了扩大流量入口的宽幅，争取更多的流量来源与规模；另一方面是为了提高入站流量的变现效率。\n为了提高流量变现效率，百度给出的药方是平台自建服务供应链与能力，以此来提升搜索流量在C端与B端的价值。\n这种做法本质上是以增加平台自营成本的方式来驱动C端与B端参与流量变现游戏，虽然在短期内可以将流量总盘子做大，但这种以损耗游戏一方商业利益讨好另外两方的做法打破了三方博弈的平衡。\n百度在流量变现上的站位已经从平台侧转向侧重B端的需求侧，这种妥协究竟能否转化成收割市场的镰刀，我们拭目以待。\n参考资料\n1.2021年第一季度，百度实现营收281亿元，同比增长25%，创两年以来最高增速，其中，百度核心在线广告收入163亿元，同比增长27%，占总营收的58%。\n2.百度对自身的营销方法论做了重新定义，与之前相比更强调兴趣、便捷等，其主要目的就在于基于数字生活者在各种场景之下的沟通“触点”，帮助企业实现更快、更牢固的连接，更强大的品牌推广和效果转化。\n3.移动生态是百度的基本盘，而托管页、智能小程序以及百家号是百度移动生态的三大支柱业务。百度发布的 2020 年四季度及全年业绩报告中显示，来自托管页的收入占到百度核心在线营销服务收入比重提升至三分之一，有超过 30 万托管页客户正在采用百度营销云服务平台。\n4.在百度港股招股书中是这样介绍托管页的：托管页为网站所有者提供托管解决方案，令其可在无需支付网站基础设施费用（例如服务器、软件及带宽）并维护网站基础设施的情况下维护网页。传统数字广告式微，而托管页作为流量可追踪、用户行为可拆解、分析的营销解决方案，恰恰可以解决这些问题，让广告主见到切实效果。","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186884242,"gmtCreate":1623484924586,"gmtModify":1704204927989,"author":{"id":"3578656243874524","authorId":"3578656243874524","name":"金金在线","avatar":"https://static.tigerbbs.com/311528f28863f54ad2f9360aca1d628d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578656243874524","authorIdStr":"3578656243874524"},"themes":[],"htmlText":"?????","listText":"?????","text":"?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186884242","repostId":"1159028389","repostType":4,"repost":{"id":"1159028389","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":1623481200,"share":"https://ttm.financial/m/news/1159028389?lang=&edition=fundamental","pubTime":"2021-06-12 15:00","market":"us","language":"zh","title":"巫天华：身处黄金时代，老虎证券致力成为世界一流科技券商","url":"https://stock-news.laohu8.com/highlight/detail?id=1159028389","media":"老虎资讯综合","summary":"【正在直播】老虎7周年Open Day\n老虎证券正处于肉眼可见的变革中。\n 6月12日，在老虎证券七周年Open Day现场，创始人及CEO巫天华表示公司正全力加速国际化，目标是成为世界一流科技券商。","content":"<p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%2216226253307800%22%7D&amp;feature=Push\" target=\"_blank\"><b>【正在直播】老虎7周年Open Day</b></a></p>\n<p>老虎证券正处于肉眼可见的变革中。</p>\n<p>&nbsp;6月12日，在老虎证券七周年Open Day现场，创始人及CEO巫天华表示公司正全力加速国际化，目标是成为世界一流科技券商。</p>\n<p>&nbsp;2021年一季度，老虎证券曾宣布将进入美国市场。巫天华透露，截止目前，美国子公司累计入金客户中非华人占比已超过一半。老虎证券的海外运营数据正在颠覆外界对其的刻板印象。</p>\n<p>&nbsp;“不少人对老虎证券的印象还停留在服务全球华人用户时期，但实际上我们的产品也已获得了很多非华人用户的认可。老虎海外的英文版本受到美国、新加坡用户的欢迎。接下来，公司会继续集中兵力提升产品和技术竞争力，加速国际化扩张。”巫天华表示，在客户增速创下新高的一季度，海外客户占据新增入金客户的半壁江山，充分展现公司国际化能力。</p>\n<p><img src=\"https://static.tigerbbs.com/6dc68264ed30d893af578cd794ad0851\" tg-width=\"509\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p>\n<p>&nbsp;老虎证券成立于2014年，在过去7年里，老虎凭借领先的技术和一站式交易体验，在2020年10月以创纪录的速度迈入百万开户客户行列。2020年，公司正式开启国际化，而此时的证券行业也处于巨变中：史无前例的全球放水以及更低的投资参与门槛促使全球年轻投资者蜂拥涌入市场。一方面，行业结构的变化让老虎证券对国际化所能打开的成长前景更有信心。另一方面，凭借前期对产品充分的打磨，老虎证券在新加坡顺利抓住此次历史机遇，登顶新加坡热门财务类应用（iOS APP Store）榜单，2021年一季度新增用户超越去年总和。</p>\n<p><b>&nbsp;</b>此前，巫天华曾在2020年三季度业绩会中表示，相信未来12-24个月内，海外客户能占到公司新增入金客户的一半以上。随着该目标比预期提早半年实现，老虎证券正在锚定更宽广的国际化赛道。</p>\n<p>&nbsp;“券商行业处于代际更替的节点，第三代科技券商终通过强大技术和组织进化力逐步取代传统券商。老虎证券一直以来旨在打造一个世界级的交易产品，通过坚持前中后台自研，不断优化用户体验。”巫天华强调，全球用户对于优质产品和服务的需求是相通的，不会拒绝全新科技生产力所带来的投资体验升级。</p>\n<p><img src=\"https://static.tigerbbs.com/e543653b21250deadbdd6eeff85cce65\" tg-width=\"1080\" tg-height=\"1527\" referrerpolicy=\"no-referrer\"></p>\n<p>&nbsp;从发展轨迹来看，老虎证券在创业初期抓住华人地区投资者投资美港股存在痛点的市场窗口，推出新一代满足用户需求的交易平台降维进攻并成功立足市场。随着产品护城河和品牌影响力的不断提升，再加上投资散户化的大势所趋，公司将步伐迈往更大的全球市场“水到渠成”。</p>\n<p>&nbsp;据悉，为了进一步加强资源协同以保证国际化运营效率，老虎证券已成立增长、数据和技术中台，以更好支持代码策略灵活配置保障本地化体验。</p>\n<p>&nbsp;“经过七年的沉淀，老虎作为头部互联网券商的品牌影响力和口碑、技术积累以及强大的进化力让我们具备发力更广疆域的能力。我们的愿景是成为世界一流科技券商，用科技不断为客户创造增量价值，将中国技术带向世界。”巫天华说。</p>\n<p>&nbsp;对于老虎证券而言，真正的蝶变才刚刚开始。</p>\n<p><img src=\"https://static.tigerbbs.com/e3c0d2fecd992af9cc610910b2e7394b\" tg-width=\"509\" tg-height=\"720\" 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>巫天华：身处黄金时代，老虎证券致力成为世界一流科技券商</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n巫天华：身处黄金时代，老虎证券致力成为世界一流科技券商\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-06-12 15:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%2216226253307800%22%7D&amp;feature=Push\" target=\"_blank\"><b>【正在直播】老虎7周年Open Day</b></a></p>\n<p>老虎证券正处于肉眼可见的变革中。</p>\n<p>&nbsp;6月12日，在老虎证券七周年Open Day现场，创始人及CEO巫天华表示公司正全力加速国际化，目标是成为世界一流科技券商。</p>\n<p>&nbsp;2021年一季度，老虎证券曾宣布将进入美国市场。巫天华透露，截止目前，美国子公司累计入金客户中非华人占比已超过一半。老虎证券的海外运营数据正在颠覆外界对其的刻板印象。</p>\n<p>&nbsp;“不少人对老虎证券的印象还停留在服务全球华人用户时期，但实际上我们的产品也已获得了很多非华人用户的认可。老虎海外的英文版本受到美国、新加坡用户的欢迎。接下来，公司会继续集中兵力提升产品和技术竞争力，加速国际化扩张。”巫天华表示，在客户增速创下新高的一季度，海外客户占据新增入金客户的半壁江山，充分展现公司国际化能力。</p>\n<p><img src=\"https://static.tigerbbs.com/6dc68264ed30d893af578cd794ad0851\" tg-width=\"509\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p>\n<p>&nbsp;老虎证券成立于2014年，在过去7年里，老虎凭借领先的技术和一站式交易体验，在2020年10月以创纪录的速度迈入百万开户客户行列。2020年，公司正式开启国际化，而此时的证券行业也处于巨变中：史无前例的全球放水以及更低的投资参与门槛促使全球年轻投资者蜂拥涌入市场。一方面，行业结构的变化让老虎证券对国际化所能打开的成长前景更有信心。另一方面，凭借前期对产品充分的打磨，老虎证券在新加坡顺利抓住此次历史机遇，登顶新加坡热门财务类应用（iOS APP Store）榜单，2021年一季度新增用户超越去年总和。</p>\n<p><b>&nbsp;</b>此前，巫天华曾在2020年三季度业绩会中表示，相信未来12-24个月内，海外客户能占到公司新增入金客户的一半以上。随着该目标比预期提早半年实现，老虎证券正在锚定更宽广的国际化赛道。</p>\n<p>&nbsp;“券商行业处于代际更替的节点，第三代科技券商终通过强大技术和组织进化力逐步取代传统券商。老虎证券一直以来旨在打造一个世界级的交易产品，通过坚持前中后台自研，不断优化用户体验。”巫天华强调，全球用户对于优质产品和服务的需求是相通的，不会拒绝全新科技生产力所带来的投资体验升级。</p>\n<p><img src=\"https://static.tigerbbs.com/e543653b21250deadbdd6eeff85cce65\" tg-width=\"1080\" tg-height=\"1527\" referrerpolicy=\"no-referrer\"></p>\n<p>&nbsp;从发展轨迹来看，老虎证券在创业初期抓住华人地区投资者投资美港股存在痛点的市场窗口，推出新一代满足用户需求的交易平台降维进攻并成功立足市场。随着产品护城河和品牌影响力的不断提升，再加上投资散户化的大势所趋，公司将步伐迈往更大的全球市场“水到渠成”。</p>\n<p>&nbsp;据悉，为了进一步加强资源协同以保证国际化运营效率，老虎证券已成立增长、数据和技术中台，以更好支持代码策略灵活配置保障本地化体验。</p>\n<p>&nbsp;“经过七年的沉淀，老虎作为头部互联网券商的品牌影响力和口碑、技术积累以及强大的进化力让我们具备发力更广疆域的能力。我们的愿景是成为世界一流科技券商，用科技不断为客户创造增量价值，将中国技术带向世界。”巫天华说。</p>\n<p>&nbsp;对于老虎证券而言，真正的蝶变才刚刚开始。</p>\n<p><img src=\"https://static.tigerbbs.com/e3c0d2fecd992af9cc610910b2e7394b\" tg-width=\"509\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eb88831aeee93df3a0e3d746d13f5107","relate_stocks":{"TIGR":"老虎证券"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159028389","content_text":"【正在直播】老虎7周年Open Day\n老虎证券正处于肉眼可见的变革中。\n 6月12日，在老虎证券七周年Open Day现场，创始人及CEO巫天华表示公司正全力加速国际化，目标是成为世界一流科技券商。\n 2021年一季度，老虎证券曾宣布将进入美国市场。巫天华透露，截止目前，美国子公司累计入金客户中非华人占比已超过一半。老虎证券的海外运营数据正在颠覆外界对其的刻板印象。\n “不少人对老虎证券的印象还停留在服务全球华人用户时期，但实际上我们的产品也已获得了很多非华人用户的认可。老虎海外的英文版本受到美国、新加坡用户的欢迎。接下来，公司会继续集中兵力提升产品和技术竞争力，加速国际化扩张。”巫天华表示，在客户增速创下新高的一季度，海外客户占据新增入金客户的半壁江山，充分展现公司国际化能力。\n\n 老虎证券成立于2014年，在过去7年里，老虎凭借领先的技术和一站式交易体验，在2020年10月以创纪录的速度迈入百万开户客户行列。2020年，公司正式开启国际化，而此时的证券行业也处于巨变中：史无前例的全球放水以及更低的投资参与门槛促使全球年轻投资者蜂拥涌入市场。一方面，行业结构的变化让老虎证券对国际化所能打开的成长前景更有信心。另一方面，凭借前期对产品充分的打磨，老虎证券在新加坡顺利抓住此次历史机遇，登顶新加坡热门财务类应用（iOS APP Store）榜单，2021年一季度新增用户超越去年总和。\n 此前，巫天华曾在2020年三季度业绩会中表示，相信未来12-24个月内，海外客户能占到公司新增入金客户的一半以上。随着该目标比预期提早半年实现，老虎证券正在锚定更宽广的国际化赛道。\n “券商行业处于代际更替的节点，第三代科技券商终通过强大技术和组织进化力逐步取代传统券商。老虎证券一直以来旨在打造一个世界级的交易产品，通过坚持前中后台自研，不断优化用户体验。”巫天华强调，全球用户对于优质产品和服务的需求是相通的，不会拒绝全新科技生产力所带来的投资体验升级。\n\n 从发展轨迹来看，老虎证券在创业初期抓住华人地区投资者投资美港股存在痛点的市场窗口，推出新一代满足用户需求的交易平台降维进攻并成功立足市场。随着产品护城河和品牌影响力的不断提升，再加上投资散户化的大势所趋，公司将步伐迈往更大的全球市场“水到渠成”。\n 据悉，为了进一步加强资源协同以保证国际化运营效率，老虎证券已成立增长、数据和技术中台，以更好支持代码策略灵活配置保障本地化体验。\n “经过七年的沉淀，老虎作为头部互联网券商的品牌影响力和口碑、技术积累以及强大的进化力让我们具备发力更广疆域的能力。我们的愿景是成为世界一流科技券商，用科技不断为客户创造增量价值，将中国技术带向世界。”巫天华说。\n 对于老虎证券而言，真正的蝶变才刚刚开始。","news_type":1},"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}