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01-21

$Invesco QQQ Trust-ETF(QQQ)$ Good suggestion from tiger

2022-01-18

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Overbought Singapore Market Nonetheless Tipped To Open Higher

2022-01-15

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2022-08-26

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2022-08-26

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@koolgal:The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately. However what will happen to the markets comes down to 2 important factors :1. The rate of inflation. In July it was 8.5% down from 9.1% in June. 2. The Feds' stance on raising interest rates - whether it is hawkish or dovish.Just 1 year ago, Jerome Powell said that inflation was "transitory". But now it seems that we have transitioned to a new paradigm. High Inflation is here to stay. My opinion is that as long as inflation is high, the Feds have no choice but to continue hiking t

2021-09-06

Good

北京证券交易所来了！谁的“大肉”，谁的“汤”？

2023-11-28

Great article

@Tiger_Earnings:🔥Stock Prediction: How will PDD close Tuesday 28/11 following their earnings?

Go to Tiger App to see more news

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Good suggestion from tiger","listText":"<a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust-ETF(QQQ)$ </a>&nbsp; Good suggestion from tiger","text":"$Invesco QQQ Trust-ETF(QQQ)$ Good suggestion from tiger","images":[{"img":"https://community-static.tradeup.com/news/7a4d6befa9fa5528e42b6c004f627f70","width":"898","height":"1475"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/265310278451216","isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000346","authorId":"9000000000000346","name":"glitzy","avatar":"https://static.tigerbbs.com/abf1cf89bc24c5ddf080de8c01c25fb0","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000346","authorIdStr":"9000000000000346"},"content":"Great call by Tiger, QQQ is a solid investment!","text":"Great call by Tiger, QQQ is a solid investment!","html":"Great call by Tiger, QQQ is a solid investment!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":246186154422336,"gmtCreate":1701128082411,"gmtModify":1701128086846,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087626034255720","authorIdStr":"4087626034255720"},"themes":[],"htmlText":"Great article","listText":"Great article","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246186154422336","repostId":"245954380443880","repostType":1,"repost":{"id":245954380443880,"gmtCreate":1701084624542,"gmtModify":1701084678593,"author":{"id":"3527667620927015","authorId":"3527667620927015","name":"Tiger_Earnings","avatar":"https://static.tigerbbs.com/1849fb1fb43d93db3974fd09c5f65ff1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667620927015","authorIdStr":"3527667620927015"},"themes":[],"title":"🔥Stock Prediction: How will PDD close Tuesday 28/11 following their earnings?","htmlText":"Click to vote. Guess how will <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> close Tuesday 28/11 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> is scheduled to report third-quarter 2023 results on Nov 28. PDD's 3Q non-GAAP operating profit might have exceeded consensus' estimate of 13.6 billion yuan even after it stepped up promotions and marketing to boost consumer spending. The firm's enlarged operations in China could have generated higher-than-expected cost savings from economies of scale and operating efficiency, offsetting the drag on earnings from hikes in sales and marketing expenses. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)</a>","listText":"Click to vote. Guess how will <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> close Tuesday 28/11 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> is scheduled to report third-quarter 2023 results on Nov 28. PDD's 3Q non-GAAP operating profit might have exceeded consensus' estimate of 13.6 billion yuan even after it stepped up promotions and marketing to boost consumer spending. The firm's enlarged operations in China could have generated higher-than-expected cost savings from economies of scale and operating efficiency, offsetting the drag on earnings from hikes in sales and marketing expenses. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)</a>","text":"Click to vote. Guess how will $Pinduoduo Inc.(PDD)$ close Tuesday 28/11 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $Pinduoduo Inc.(PDD)$ is scheduled to report third-quarter 2023 results on Nov 28. PDD's 3Q non-GAAP operating profit might have exceeded consensus' estimate of 13.6 billion yuan even after it stepped up promotions and marketing to boost consumer spending. The firm's enlarged operations in China could have generated higher-than-expected cost savings from economies of scale and operating efficiency, offsetting the drag on earnings from hikes in sales and marketing expenses. $Pinduoduo Inc.(PDD)","images":[{"img":"https://community-static.tradeup.com/news/6785d242bbb838fa9835ea84af6b34dd","width":"1080","height":"1454"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/245954380443880","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":2931,"gmtBegin":1701084903737,"gmtEnd":1701162000334,"type":1,"upper":1,"title":"How will PDD close Tuesday 28/11 following their earnings?","choices":[{"id":10885,"sort":1,"name":"Very Green (over 15%)","userSize":19,"voted":false},{"id":10886,"sort":2,"name":"Green (5% to 15%)","userSize":69,"voted":false},{"id":10887,"sort":3,"name":"Flat (-5% to 5%)","userSize":83,"voted":false},{"id":10888,"sort":4,"name":"Red(-15% to 5%)","userSize":18,"voted":false},{"id":10889,"sort":5,"name":"Very Red(below-15%)","userSize":6,"voted":false}]},"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995591253,"gmtCreate":1661478447274,"gmtModify":1676536527245,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087626034255720","authorIdStr":"4087626034255720"},"themes":[],"htmlText":"[smile]","listText":"[smile]","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995591253","repostId":"9995211521","repostType":1,"repost":{"id":9995211521,"gmtCreate":1661472777266,"gmtModify":1676536524908,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"themes":[],"htmlText":"The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately.&nbsp;However what will happen to the markets comes down to 2 important factors :1.&nbsp; The rate of inflation.&nbsp; &nbsp;In July it was 8.5% down from 9.1% in June.&nbsp;2.&nbsp; The Feds' stance on raising interest rates -&nbsp; whether it is hawkish or dovish.Just 1 year ago,&nbsp; Jerome Powell said that inflation was \"transitory\".&nbsp; &nbsp;But now it seems that we have transitioned to a new paradigm.&nbsp; &nbsp;High&nbsp;Inflation is here to stay.&nbsp; &nbsp;My opinion is that as long as inflation is high,&nbsp; the Feds have no choice but to continue hiking t","listText":"The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately.&nbsp;However what will happen to the markets comes down to 2 important factors :1.&nbsp; The rate of inflation.&nbsp; &nbsp;In July it was 8.5% down from 9.1% in June.&nbsp;2.&nbsp; The Feds' stance on raising interest rates -&nbsp; whether it is hawkish or dovish.Just 1 year ago,&nbsp; Jerome Powell said that inflation was \"transitory\".&nbsp; &nbsp;But now it seems that we have transitioned to a new paradigm.&nbsp; &nbsp;High&nbsp;Inflation is here to stay.&nbsp; &nbsp;My opinion is that as long as inflation is high,&nbsp; the Feds have no choice but to continue hiking t","text":"The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately. However what will happen to the markets comes down to 2 important factors :1. The rate of inflation. In July it was 8.5% down from 9.1% in June. 2. The Feds' stance on raising interest rates - whether it is hawkish or dovish.Just 1 year ago, Jerome Powell said that inflation was \"transitory\". But now it seems that we have transitioned to a new paradigm. High Inflation is here to stay. My opinion is that as long as inflation is high, the Feds have no choice but to continue hiking t","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995211521","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995593716,"gmtCreate":1661478392337,"gmtModify":1676536527229,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087626034255720","authorIdStr":"4087626034255720"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995593716","repostId":"2262535879","repostType":4,"repost":{"id":"2262535879","kind":"highlight","pubTimestamp":1661496654,"share":"https://ttm.financial/m/news/2262535879?lang=&edition=fundamental","pubTime":"2022-08-26 14:50","market":"us","language":"en","title":"These 3 Dividend ETFs Are a Retiree's Best Friend","url":"https://stock-news.laohu8.com/highlight/detail?id=2262535879","media":"Motley Fool","summary":"Investors seeking good, reliable investment income may want to build a portfolio around a mix of these three easy-to-own funds.","content":"<html><head></head><body><p>Are you a retiree looking for more income? In most cases, you&#39;ll look to bonds or dividend-paying stocks to find it. Those aren&#39;t your only options, though. In fact, those arguably aren&#39;t even your best options.</p><p>You may find it&#39;s far easier to build a well-diversified, income-generating portfolio around a handful of dividend-oriented exchange-traded funds. Here&#39;s a trio of such ETFs to consider, with each one bringing something unique to the table.</p><h2>1. Vanguard Dividend Appreciation ETF</h2><p>Just as the name suggests, the <b>Vanguard Dividend Appreciation ETF</b> holds stocks of companies with a history of dividend growth. Namely, it&#39;s meant to mirror the <b>S&amp;P U.S. Dividend Growers Index</b>. It consists of the 290 highest-yielding names -- roughly 25% of the <b>S&amp;P 500 Broad Market Index</b>&#39;s holdings, provided those companies have raised their annual dividend payments for at least the past 10 consecutive years.</p><p>In other words, it holds stocks of companies that have proven their payout growth has staying power.</p><p>And the fund&#39;s own payouts from these dividends reflect this consistent growth. Last quarter&#39;s payment of $0.69 per share is markedly better than the payout of $0.52 per share for the same quarter five years earlier. Ten years ago, the mid-year quarterly dividend payment was only around $0.32 per share. The trade-off is the relatively low yield you get whenever you first step into a position. The current dividend yield is a modest 1.9%, and that&#39;s not out of line with its historical yields, even going back to 2008 when interest rates were wildly erratic.</p><p>It&#39;s worth it, though, even beyond the below-average yield. The price of the fund itself is 160% higher than it was 10 years ago, giving income investors a nice shot of capital appreciation as well.</p><h2>2. SPDR Portfolio S&amp;P 500 High Dividend ETF</h2><p>At the other end of the yield spectrum, you&#39;ll find the <b>SPDR Portfolio S&amp;P 500 High Dividend ETF</b>, currently dishing out a solid 3.8% of its value in the form of annual dividends.</p><p>As you might suspect, the SPDR Portfolio S&amp;P 500 High Dividend ETF aims to own high-yielding stocks. The fund specifically mirrors the <b>S&amp;P 500 High Dividend Index</b>, which is made up of the <b>S&amp;P 500</b>&#39;s 80 highest-yielding stocks. Since the index&#39;s highest-yielding tickers can change on a rather regular basis, the fund&#39;s constituents are updated a couple of times per year to reflect these changes.</p><p>Veteran investors know that high yields can be a trap. The payouts look generous, but there&#39;s often an underlying reason a stock&#39;s price is low enough to push its dividend yield to among the highest within an index&#39;s members. And certainly, this approach has allowed the occasional clunker to make its way into the portfolio&#39;s mix. When you&#39;ve got a total of 80 stocks in the mix, though, that occasional clunker&#39;s problems are more than overcome by the remaining stock&#39;s growth and strong dividend payments.</p><p>In this vein, the S&amp;P 500 High Dividend Index is up more than 21% in the past five years and higher to the tune of 95% in the past 10. That&#39;s in addition to the above-average dividends it&#39;s paid out during that time. That&#39;s not bad at all, even if its dividend growth is slower than that of the Vanguard Dividend Appreciation ETF.</p><h2>3. <a href=\"https://laohu8.com/S/EFFE\">Global X</a> NASDAQ 100 Covered Call ETF</h2><p>Lastly, add the <b>Global X NASDAQ 100 Covered Call ETF</b> to your list of dividend-paying ETF prospects you should consider if you&#39;re looking for additional retirement income.</p><p>For most investors, equity and index options (essentially, contractual bets that a stock or the market will move in a specified direction by a certain point in time) impose far too much risk relative to their prospective reward. They&#39;re also fickle instruments, not to mention complicated. Even covered calls can be more of a pain to try than they&#39;re worth despite sometimes being considered a riskless type of trade; the risk lies in the potential opportunity cost.</p><p>When left to the professionals who can give a full-time effort to the task, though, selling covered calls is an effective means of generating cash over and over again.</p><p>To this end, the Global X NASDAQ 100 Covered Call ETF&#39;s current trailing-12-month yield of 11.4% is neither a fluke nor a typo. The fund has actually dished out that sort of income monthly.</p><p>There&#39;s a catch of sorts. That is, when covered-call strategies are working, they&#39;re generally working well. When they&#39;re not working perfectly, though, they&#39;re generally not working at all. That&#39;s why retirees may not want to completely rely on income from QYLD. It&#39;s best held side by side with more reliable income investments like SPYD and VIG, to buffer any sudden disruptions in its payout. Prospective owners may also want to look elsewhere if at least some capital appreciation is required. A portfolio of stocks used to write covered calls on typically doesn&#39;t get much of a chance to grow, and QYLD hasn&#39;t been an exception to this norm.</p><p>If you&#39;re already generating enough reliable retirement income to live on, though -- and can stomach taking a relatively risky shot on driving markedly more (but likely erratic) income -- this one&#39;s got potential.</p></body></html>","source":"fool_stock","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>These 3 Dividend ETFs Are a Retiree's Best Friend</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\">\nThese 3 Dividend ETFs Are a Retiree's Best Friend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/25/these-3-dividend-etfs-are-a-retirees-best-friend/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Are you a retiree looking for more income? In most cases, you'll look to bonds or dividend-paying stocks to find it. Those aren't your only options, though. In fact, those arguably aren't even your ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/25/these-3-dividend-etfs-are-a-retirees-best-friend/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPYD":"SPDR Portfolio S&P 500 High Dividend ETF","QYLD":"纳斯达克100 Covered Call ETF-Global X","VIG":"股利增长指数ETF-Vanguard"},"source_url":"https://www.fool.com/investing/2022/08/25/these-3-dividend-etfs-are-a-retirees-best-friend/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262535879","content_text":"Are you a retiree looking for more income? In most cases, you'll look to bonds or dividend-paying stocks to find it. Those aren't your only options, though. In fact, those arguably aren't even your best options.You may find it's far easier to build a well-diversified, income-generating portfolio around a handful of dividend-oriented exchange-traded funds. Here's a trio of such ETFs to consider, with each one bringing something unique to the table.1. Vanguard Dividend Appreciation ETFJust as the name suggests, the Vanguard Dividend Appreciation ETF holds stocks of companies with a history of dividend growth. Namely, it's meant to mirror the S&P U.S. Dividend Growers Index. It consists of the 290 highest-yielding names -- roughly 25% of the S&P 500 Broad Market Index's holdings, provided those companies have raised their annual dividend payments for at least the past 10 consecutive years.In other words, it holds stocks of companies that have proven their payout growth has staying power.And the fund's own payouts from these dividends reflect this consistent growth. Last quarter's payment of $0.69 per share is markedly better than the payout of $0.52 per share for the same quarter five years earlier. Ten years ago, the mid-year quarterly dividend payment was only around $0.32 per share. The trade-off is the relatively low yield you get whenever you first step into a position. The current dividend yield is a modest 1.9%, and that's not out of line with its historical yields, even going back to 2008 when interest rates were wildly erratic.It's worth it, though, even beyond the below-average yield. The price of the fund itself is 160% higher than it was 10 years ago, giving income investors a nice shot of capital appreciation as well.2. SPDR Portfolio S&P 500 High Dividend ETFAt the other end of the yield spectrum, you'll find the SPDR Portfolio S&P 500 High Dividend ETF, currently dishing out a solid 3.8% of its value in the form of annual dividends.As you might suspect, the SPDR Portfolio S&P 500 High Dividend ETF aims to own high-yielding stocks. The fund specifically mirrors the S&P 500 High Dividend Index, which is made up of the S&P 500's 80 highest-yielding stocks. Since the index's highest-yielding tickers can change on a rather regular basis, the fund's constituents are updated a couple of times per year to reflect these changes.Veteran investors know that high yields can be a trap. The payouts look generous, but there's often an underlying reason a stock's price is low enough to push its dividend yield to among the highest within an index's members. And certainly, this approach has allowed the occasional clunker to make its way into the portfolio's mix. When you've got a total of 80 stocks in the mix, though, that occasional clunker's problems are more than overcome by the remaining stock's growth and strong dividend payments.In this vein, the S&P 500 High Dividend Index is up more than 21% in the past five years and higher to the tune of 95% in the past 10. That's in addition to the above-average dividends it's paid out during that time. That's not bad at all, even if its dividend growth is slower than that of the Vanguard Dividend Appreciation ETF.3. Global X NASDAQ 100 Covered Call ETFLastly, add the Global X NASDAQ 100 Covered Call ETF to your list of dividend-paying ETF prospects you should consider if you're looking for additional retirement income.For most investors, equity and index options (essentially, contractual bets that a stock or the market will move in a specified direction by a certain point in time) impose far too much risk relative to their prospective reward. They're also fickle instruments, not to mention complicated. Even covered calls can be more of a pain to try than they're worth despite sometimes being considered a riskless type of trade; the risk lies in the potential opportunity cost.When left to the professionals who can give a full-time effort to the task, though, selling covered calls is an effective means of generating cash over and over again.To this end, the Global X NASDAQ 100 Covered Call ETF's current trailing-12-month yield of 11.4% is neither a fluke nor a typo. The fund has actually dished out that sort of income monthly.There's a catch of sorts. That is, when covered-call strategies are working, they're generally working well. When they're not working perfectly, though, they're generally not working at all. That's why retirees may not want to completely rely on income from QYLD. It's best held side by side with more reliable income investments like SPYD and VIG, to buffer any sudden disruptions in its payout. Prospective owners may also want to look elsewhere if at least some capital appreciation is required. A portfolio of stocks used to write covered calls on typically doesn't get much of a chance to grow, and QYLD hasn't been an exception to this norm.If you're already generating enough reliable retirement income to live on, though -- and can stomach taking a relatively risky shot on driving markedly more (but likely erratic) income -- this one's got potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004042238,"gmtCreate":1642464515808,"gmtModify":1676533712395,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087626034255720","authorIdStr":"4087626034255720"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004042238","repostId":"1187188203","repostType":4,"isVote":1,"tweetType":1,"viewCount":782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005893595,"gmtCreate":1642218221160,"gmtModify":1676533694040,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087626034255720","authorIdStr":"4087626034255720"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005893595","repostId":"1179598476","repostType":4,"repost":{"id":"1179598476","kind":"news","pubTimestamp":1642211004,"share":"https://ttm.financial/m/news/1179598476?lang=&edition=fundamental","pubTime":"2022-01-15 09:43","market":"us","language":"en","title":"5 Stocks to Watch That Institutions Are Buying Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1179598476","media":"InvestorPlace","summary":"Retail investors can learn a lot about what stocks to watch by looking at the activity of institutio","content":"<html><head></head><body><p>Retail investors can learn a lot about what stocks to watch by looking at the activity of institutional investors. An institutional investor is defined as “a company or organization that invests money on behalf of other people.” So, while hedge funds and investment banks operate as different business entities, they both fall under the institutional investor basket. Insurance companies, pension funds, and endowment funds are also institutional investors. Today, institutional investors make up more than 90% of all stock trading activity.</p><p>Institutional investors are seen as having a strong advantage over retail investors. Why? Institutional investors have access to resources that aren’t available to your average retail investor. Take <b>Whale Rock Capital</b>, a top-performing hedge fund, for example. In an interview, CEO and founder Alex Sacerdote explained that:</p><blockquote>“We do1,000 face to face meetings a yeardespite being only a team of five. I think we travelled something like 250k miles last year. We go to Asia three or four times a year. We recently travelled to India to meet with 30 private and public Indian internet companies.”</blockquote><p>As a hedge fund with$24 billion in assets under management (AUM), Whale Rock can afford to visit each company and speak with its executives before making an investment. This provides enormous value, as company executives will most likely offer more details in a face-to-face meeting with a potential billion-dollar investor than in a quarterly conference call.</p><p>So, why should retail investors care about institutional investors if we can’t travel thousands of times a year to personally interview executives? That’s where the13Dand13Gforms come in. Institutional investors must submit either a 13D or 13G form when acquiring ownership of a company of 5% or more.</p><p>As retail investors, we can take advantage of the 13D and 13G forms by seeing what top-performing institutions have been buying, albeit with a slight delay.</p><p>With that in mind, here are five stocks to watch that institutional investors have been buying recently.</p><ul><li><b>Carvana</b>(NYSE:<b><u>CVNA</u></b>)</li><li><b>GoodRx Holdings</b>(NASDAQ:<b><u>GDRX</u></b>)</li><li><b>Southwest Airlines</b>(NYSE:<b><u>LUV</u></b>)</li><li><b>HubSpot</b>(NYSE:<b><u>HUBS</u></b>)</li><li><b>Discovery Communications</b>(NASDAQ:<b><u>DISCA</u></b>)</li></ul><p><b>Stocks to Watch: Carvana (CVNA)</b></p><p>Carvana had a subpar performance in 2021, declining by 3% and trailing the <b>S&amp;P 500’s</b> yearly return of 26% by a wide margin. However, 2020 marked a standout year for CVNA stock, as it returned a breathtaking 160%. In addition, Carvana was a major beneficiary of Covid-19 as interested car buyers flocked to the Carvana app and website instead of brick-and-mortar dealerships. After 2021 saw Carvana basically stagnate, two major billion-dollar institutions are now capitalizing on CVNA stock’s dull performance.</p><p>In an amended 13G filing received by the U.S. Securities and Exchange Commission (SEC) on Jan. 12, <b>Baillie Gifford</b> increased its current Carvana position by an additional 620,641 shares, or 6.8%. Baillie Gifford boasts assets under management (AUM) of $191 billion. Furthermore, the fund is a long-term investor and holds each position for an average of10.43 quarters. After the purchase, the United Kingdom-based institutional investor now owns 11.28% of all Carvana shares outstanding. It’s safe to say that Baillie Gifford is bullish on the future of automobile e-commerce.</p><p>The second billion-dollar institutional investor to pick up shares of CVNA stock is <b>Fidelity Management and Research</b>. In an amended 13G filing received on Jan. 10, FMR increased its current Carvana position by a massive 2,302,683 shares, or roughly 33%. The fund now owns 10.86% of all Carvana shares outstanding. FMR manages $1.2 trillion in AUM and holds each position in its portfolio for an average of 21.94 quarters.</p><p>GoodRx Holdings (GDRX)</p><p>Like Carvana, GoodRx had a disappointing 2021.</p><p>After reaching an all-time high of $59 in February, GDRX stock closed the year around $32. GoodRx operates as a consumer-facing digital healthcare platform. The platform is free to use with no registration required. Instead, GoodRx collects revenue through referral fees and advertisements. Additionally, the platform helps consumers compare prescription drug prices and discounts from multiple vendors in order to find the best priced selection. GoodRx’s website notes that “The cost of a prescription may differ by more than $100 between pharmacies across the street from each other!” Since its inception, GoodRx has helped consumers save $35 billion on healthcare and prescription drugs. Now, GoodRx is attracting the attention of a major investment bank.</p><p><b>Morgan Stanley</b>(NYSE:<b><u>MS</u></b>)filed a 13G form on Jan. 7. The filing states that the investment bank picked up 11,556,961 shares of GDRX stock after previously owning zero shares of the healthcare platform. Additionally, Morgan Stanley’s purchase signifies 14.2% ownership of all shares outstanding.</p><p>It should be noted that Morgan Stanley analyst Ricky Goldwasser has a$41 price target for GDRX stock. This implies upside of more than 50% from current prices.</p><p>Stocks to Watch: Southwest Airlines<b>(LUV)</b></p><p>Airlines like Southwest Airlines have experienced volatile price movements since Covid-19 began.</p><p>Now, with the onset of the omicron variant, airlines are having to cancel thousands of flights due to staff shortages and other extenuating circumstances, like weather. From Jan. 4-5, Southwest Airlines cancelled over 1,200 flights, more than any other airline carrier in that time period. However, data fromFlightAware shows that global arrivals via aircraft has increased by 10% this week when compared to the prior week. This is a small silver lining for an industry that has been pummeled by reduced air travel. However, an established investment firm is now capitalizing on Southwest Airlines’ current predicament.</p><p>In an amended 13G filing received on Jan. 10, <b>The Vanguard Group</b> reported that it had increased its existing Southwest Airlines position by 10,227,315 shares, or close to 20%. After the purchase, The Vanguard Group now owns a 10.44% stake in LUV stock, which is equivalent to 61,814,978 shares.</p><p>According to the latest ADV form, The Vanguard Group manages over $6.6 trillion in AUM. The investment firm holds each position in its portfolio for an average of 39.14 quarters. Therefore, Vanguard’s average holding period suggests that the firm is committed to LUV stock for the long haul.</p><p>HubSpot (HUBS)</p><p>Shares of HubSpot have been on a rampage since the March 2020 pandemic lows. The marketing software solutions company gained over 65% in 2021 amid a scramble to increase digital marketing solutions.</p><p>However, a recent short report published by a prominent hedge fund has sent shares of HubSpot to the doghouse. On Dec. 22, <b>Kerrisdale Capital</b> released a short report alleging that HubSpot is overvalued compared to its peers and slowing in growth with declining margins. Kerrisdale also highlighted that rivals to HubSpot are gaining market share, such as <b>Klaviyo</b> and <b>Mailchimp</b>. Since then, HUBS stock has declined by a staggering 33%. Despite Kerrisdale’s short report, an acclaimed investment firm is now buying shares of HubSpot.</p><p>On Jan. 10,<b>T. Rowe Price</b>(NASDAQ:<b><u>TROW</u></b>) filed an amended 13G form. The form stated that T. Rowe Price had acquired an additional 1,905,309 shares of HUB stock, increasing its current position by a whopping 63%. After the purchase, T. Rowe Price now owns a 10.40% stake in HubSpot, or 4,922,119 shares.</p><p>Stocks to Watch: Discovery Communications (DISCA)</p><p>The last of the stocks to watch is Discovery Communications, a multinational media company that engages in factual content across several distribution platforms. Last year, the media company was caught up in the <b>Archegos</b> fiasco.</p><p>In 2021, shares of DISCA stock rose as high as $79, which investors attributed to Archegos bidding up the stock on leverage. Later that year, Archegos’ highly leveraged positions turned against the fund, and as a result, Archegos had to liquidate its entire DISCA position. Shares of DISCA stock declined rapidly, and the company now trades at $31 a share, a far cry from its 2021 highs.</p><p>In the midst of the selloff, investment banks like <b>Credit Suisse</b>(NYSE:<b><u>CS</u></b>) took a lot of damage. This is because Credit Suisse and other banks sold swaps to Archegos. Swaps allow funds like Archegos to gain exposure to stocks without actually owning them. The ownership falls in the hands of the bank selling swaps. Nonetheless, a New-York based hedge fund with over$2 billion in AUMis now taking advantage of DISCA stock’s price decline.</p><p>In a13G filing received by the SEC on Jan. 7,<b>Brahman Capital</b> reported that it had purchased 8,907,654 shares of DISCA stock. The purchase represents a 5.26% ownership stake in Discovery. Brahman Capital has an average holding period of4.76 quarters, which suggests that Brahman believes that DISCA stock will bounce back higher this upcoming year.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks to Watch That Institutions Are Buying Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks to Watch That Institutions Are Buying Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-15 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/5-stocks-to-watch-that-institutions-are-buying-right-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Retail investors can learn a lot about what stocks to watch by looking at the activity of institutional investors. An institutional investor is defined as “a company or organization that invests money...</p>\n\n<a href=\"https://investorplace.com/5-stocks-to-watch-that-institutions-are-buying-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HUBS":"HubSpot","CVNA":"Carvana Co.","LUV":"西南航空","DISCA":"探索传播","GDRX":"GoodRx Holdings, Inc."},"source_url":"https://investorplace.com/5-stocks-to-watch-that-institutions-are-buying-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179598476","content_text":"Retail investors can learn a lot about what stocks to watch by looking at the activity of institutional investors. An institutional investor is defined as “a company or organization that invests money on behalf of other people.” So, while hedge funds and investment banks operate as different business entities, they both fall under the institutional investor basket. Insurance companies, pension funds, and endowment funds are also institutional investors. Today, institutional investors make up more than 90% of all stock trading activity.Institutional investors are seen as having a strong advantage over retail investors. Why? Institutional investors have access to resources that aren’t available to your average retail investor. Take Whale Rock Capital, a top-performing hedge fund, for example. In an interview, CEO and founder Alex Sacerdote explained that:“We do1,000 face to face meetings a yeardespite being only a team of five. I think we travelled something like 250k miles last year. We go to Asia three or four times a year. We recently travelled to India to meet with 30 private and public Indian internet companies.”As a hedge fund with$24 billion in assets under management (AUM), Whale Rock can afford to visit each company and speak with its executives before making an investment. This provides enormous value, as company executives will most likely offer more details in a face-to-face meeting with a potential billion-dollar investor than in a quarterly conference call.So, why should retail investors care about institutional investors if we can’t travel thousands of times a year to personally interview executives? That’s where the13Dand13Gforms come in. Institutional investors must submit either a 13D or 13G form when acquiring ownership of a company of 5% or more.As retail investors, we can take advantage of the 13D and 13G forms by seeing what top-performing institutions have been buying, albeit with a slight delay.With that in mind, here are five stocks to watch that institutional investors have been buying recently.Carvana(NYSE:CVNA)GoodRx Holdings(NASDAQ:GDRX)Southwest Airlines(NYSE:LUV)HubSpot(NYSE:HUBS)Discovery Communications(NASDAQ:DISCA)Stocks to Watch: Carvana (CVNA)Carvana had a subpar performance in 2021, declining by 3% and trailing the S&P 500’s yearly return of 26% by a wide margin. However, 2020 marked a standout year for CVNA stock, as it returned a breathtaking 160%. In addition, Carvana was a major beneficiary of Covid-19 as interested car buyers flocked to the Carvana app and website instead of brick-and-mortar dealerships. After 2021 saw Carvana basically stagnate, two major billion-dollar institutions are now capitalizing on CVNA stock’s dull performance.In an amended 13G filing received by the U.S. Securities and Exchange Commission (SEC) on Jan. 12, Baillie Gifford increased its current Carvana position by an additional 620,641 shares, or 6.8%. Baillie Gifford boasts assets under management (AUM) of $191 billion. Furthermore, the fund is a long-term investor and holds each position for an average of10.43 quarters. After the purchase, the United Kingdom-based institutional investor now owns 11.28% of all Carvana shares outstanding. It’s safe to say that Baillie Gifford is bullish on the future of automobile e-commerce.The second billion-dollar institutional investor to pick up shares of CVNA stock is Fidelity Management and Research. In an amended 13G filing received on Jan. 10, FMR increased its current Carvana position by a massive 2,302,683 shares, or roughly 33%. The fund now owns 10.86% of all Carvana shares outstanding. FMR manages $1.2 trillion in AUM and holds each position in its portfolio for an average of 21.94 quarters.GoodRx Holdings (GDRX)Like Carvana, GoodRx had a disappointing 2021.After reaching an all-time high of $59 in February, GDRX stock closed the year around $32. GoodRx operates as a consumer-facing digital healthcare platform. The platform is free to use with no registration required. Instead, GoodRx collects revenue through referral fees and advertisements. Additionally, the platform helps consumers compare prescription drug prices and discounts from multiple vendors in order to find the best priced selection. GoodRx’s website notes that “The cost of a prescription may differ by more than $100 between pharmacies across the street from each other!” Since its inception, GoodRx has helped consumers save $35 billion on healthcare and prescription drugs. Now, GoodRx is attracting the attention of a major investment bank.Morgan Stanley(NYSE:MS)filed a 13G form on Jan. 7. The filing states that the investment bank picked up 11,556,961 shares of GDRX stock after previously owning zero shares of the healthcare platform. Additionally, Morgan Stanley’s purchase signifies 14.2% ownership of all shares outstanding.It should be noted that Morgan Stanley analyst Ricky Goldwasser has a$41 price target for GDRX stock. This implies upside of more than 50% from current prices.Stocks to Watch: Southwest Airlines(LUV)Airlines like Southwest Airlines have experienced volatile price movements since Covid-19 began.Now, with the onset of the omicron variant, airlines are having to cancel thousands of flights due to staff shortages and other extenuating circumstances, like weather. From Jan. 4-5, Southwest Airlines cancelled over 1,200 flights, more than any other airline carrier in that time period. However, data fromFlightAware shows that global arrivals via aircraft has increased by 10% this week when compared to the prior week. This is a small silver lining for an industry that has been pummeled by reduced air travel. However, an established investment firm is now capitalizing on Southwest Airlines’ current predicament.In an amended 13G filing received on Jan. 10, The Vanguard Group reported that it had increased its existing Southwest Airlines position by 10,227,315 shares, or close to 20%. After the purchase, The Vanguard Group now owns a 10.44% stake in LUV stock, which is equivalent to 61,814,978 shares.According to the latest ADV form, The Vanguard Group manages over $6.6 trillion in AUM. The investment firm holds each position in its portfolio for an average of 39.14 quarters. Therefore, Vanguard’s average holding period suggests that the firm is committed to LUV stock for the long haul.HubSpot (HUBS)Shares of HubSpot have been on a rampage since the March 2020 pandemic lows. The marketing software solutions company gained over 65% in 2021 amid a scramble to increase digital marketing solutions.However, a recent short report published by a prominent hedge fund has sent shares of HubSpot to the doghouse. On Dec. 22, Kerrisdale Capital released a short report alleging that HubSpot is overvalued compared to its peers and slowing in growth with declining margins. Kerrisdale also highlighted that rivals to HubSpot are gaining market share, such as Klaviyo and Mailchimp. Since then, HUBS stock has declined by a staggering 33%. Despite Kerrisdale’s short report, an acclaimed investment firm is now buying shares of HubSpot.On Jan. 10,T. Rowe Price(NASDAQ:TROW) filed an amended 13G form. The form stated that T. Rowe Price had acquired an additional 1,905,309 shares of HUB stock, increasing its current position by a whopping 63%. After the purchase, T. Rowe Price now owns a 10.40% stake in HubSpot, or 4,922,119 shares.Stocks to Watch: Discovery Communications (DISCA)The last of the stocks to watch is Discovery Communications, a multinational media company that engages in factual content across several distribution platforms. Last year, the media company was caught up in the Archegos fiasco.In 2021, shares of DISCA stock rose as high as $79, which investors attributed to Archegos bidding up the stock on leverage. Later that year, Archegos’ highly leveraged positions turned against the fund, and as a result, Archegos had to liquidate its entire DISCA position. Shares of DISCA stock declined rapidly, and the company now trades at $31 a share, a far cry from its 2021 highs.In the midst of the selloff, investment banks like Credit Suisse(NYSE:CS) took a lot of damage. This is because Credit Suisse and other banks sold swaps to Archegos. Swaps allow funds like Archegos to gain exposure to stocks without actually owning them. The ownership falls in the hands of the bank selling swaps. Nonetheless, a New-York based hedge fund with over$2 billion in AUMis now taking advantage of DISCA stock’s price decline.In a13G filing received by the SEC on Jan. 7,Brahman Capital reported that it had purchased 8,907,654 shares of DISCA stock. The purchase represents a 5.26% ownership stake in Discovery. Brahman Capital has an average holding period of4.76 quarters, which suggests that Brahman believes that DISCA stock will bounce back higher this upcoming year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817915690,"gmtCreate":1630897129810,"gmtModify":1676530415307,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087626034255720","authorIdStr":"4087626034255720"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817915690","repostId":"1103617448","repostType":2,"repost":{"id":"1103617448","kind":"news","pubTimestamp":1630893800,"share":"https://ttm.financial/m/news/1103617448?lang=&edition=fundamental","pubTime":"2021-09-06 10:03","market":"sh","language":"zh","title":"北京证券交易所来了！谁的“大肉”，谁的“汤”？","url":"https://stock-news.laohu8.com/highlight/detail?id=1103617448","media":"海清FICC频道","summary":"9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太","content":"<p>9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。</p>\n<p><b>一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择</b></p>\n<p>当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。</p>\n<p><b>在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。</b>中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“卡脖子”的短期问题，还决定了未来谁是全球产业经济的“领头羊”、21世纪是谁的世纪的长期问题。</p>\n<p><b>从历史上大国崛起的过程来看，科技是根本驱动力：</b></p>\n<p>英国借助蒸汽机的领先优势率先开始了第一次工业革命，成为世界霸主；</p>\n<p>美德在内燃机、电气化领域弯道超车超过英国，引领了第二次工业革命，取代了英国的地位；</p>\n<p>二战后美国在原子能、生物医药、航空航天、计算机等领域引领了第三次工业革命，进一步巩固了其全球科技领头羊地位和世界霸主地位。</p>\n<p><b>在上世纪八九十年代的美日贸易战中，除了“广场协议”这一表面因素和直接诱因外，美国最终能够胜过日本的关键也在于两国在经济发展驱动力选择上的根本差异：</b></p>\n<p>日本因循传统的主办银行制度，支持传统的大型制造业企业和房地产行业发展，其金融体制不适应科技创新的需要。在广场协议后，日元升值、出口受挫，日本更是直接通过货币大放水刺激起股市泡沫和房市泡沫，催生出“虚假的繁荣”。</p>\n<p>美国通过纳斯达克市场为科技创新企业提供便利的融资环境，硅谷发展起来，培育了一大批后来的互联网企业。</p>\n<p>到了九十年代，日本房市和股市泡沫破裂，经济陷入“失去的二十年”；美国厚积薄发，互联网革命兴起，出现“新经济繁荣”。日本在美日竞争中彻底出局。</p>\n<p><b>大国博弈，科技定乾坤！科技是第一生产力，是大国崛起和全球竞争的关键。</b></p>\n<p><b>金融是实体的血液，科技竞争，金融先行。哪个国家的资本市场更能服务创新，更能为高科技企业融资和发展提供便利，哪个国家的科技创新就更有可能快速进步，同时还能吸引其他国家和地区的高科技企业来本地上市。</b></p>\n<p><b>近年来美国纳斯达克也在不断进行制度创新，为中小科创企业上市提供更便捷的政策机制设计。</b>比如，近年来美国股市出现许多特殊目的收购公司（SPAC），成为许多企业借壳上市的“终南捷径”。其操作模式是：第一步，成立一个SPAC公司，向监管机构申请发股募资，但此时发起人持有的股票只能在限定市场上单独交易；第二步，在18~24个月内，管理团队找到一家可以收购的目标公司，全体股东投票，多数同意后完成收购，合并成新公司，股票就可以正式上市交易。发起人持有的股票等锁定期一过，就可以退出套现。SPAC模式能够让企业在短时间内实现上市，成本也比IPO、买壳上市/借壳上市更低。</p>\n<p><b>如今中国决策层已经彻底下定决心转型，告别以城镇化红利为基础的“房地产+土地财政”旧模式，塑造“硬科技+绿色低碳+支持民企小微”为三大支柱的新增长模式。</b></p>\n<p><b>为承接上述发展战略转型，目前国内需要一个聚焦服务创新型中小企业、承担培育一批专精特新中小企业使命的交易所，北京证券交易所的出现适应了时代的需要，也响应了全球科技竞争的需求。</b></p>\n<p><b>二、北京证券交易所并非“凭空出世”，而是北京长期以来科技创新支持政策内生进化的结果</b></p>\n<p>北京是中国创新企业和金融资源高度集中的城市，纵观北京科技创新领域的政策演进路径可以发现，<b>在每一个重要的历史关口，北京都推出了重大的政策和制度创新：</b></p>\n<p>在上世纪八九十年代，随着美国互联网科技产业兴起，北京建立了<a href=\"https://laohu8.com/S/000931\">中关村</a>，成为我国科教智力和人才资源最为密集的区域，被称为“中国硅谷”。</p>\n<p>2006年，中关村科技园区非上市股份公司进入代办转让系统进行股份报价转让，称为“新三板”。</p>\n<p>2020年7月27日，新三板精选层设立暨首批企业晋层仪式在全国股转公司挂牌大厅举行，首批32家公司已全部完成公开发行程序，精选层正式设立并开市交易。</p>\n<p><b>如今，在精选层进行了一年多的试点的基础上，以精选层为基础组建北京证券交易所，可谓“水到渠成”。</b></p>\n<p><b>从北京产业转型升级的方向来看，数字经济、科技创新是重要的支撑，北京证券交易所的设立，对于<a href=\"https://laohu8.com/S/00925\">北京建设</a>具有全球影响力的金融中心、科技创新中心具有重大意义。</b></p>\n<p><b>三、北京证券交易所最值得期待的是制度建设能否再做突破创新</b></p>\n<p><b>中国已有沪深两大交易所，设立北京证券交易所的最大看点并不是又多了一家交易所，其最值得期待的是未来还会有哪些制度创新！</b></p>\n<p>此前很长一段时间，中国股市没有实行注册制、无法让同股不同权的企业上市、无法让未盈利的高科技企业上市。科创板的推出解决了注册制的问题，同时为未盈利的高科技企业上市创造了条件。北京证券交易所进一步放宽了创新型中小企业上升的市值、财务条件，企业上市融资更加便捷。</p>\n<p><b>从目前监管披露的信息来看，北京证券交易所的初期规划是新三板的延伸：</b>以现有的新三板精选层为基础组建北京证券交易所，总体平移精选层各项基础制度，坚持北京证券交易所上市公司由创新层公司产生，维持新三板基础层、创新层与北京证券交易所“层层递进”的市场结构，同步试点证券发行注册制。</p>\n<p>此前新三板精选层也设计了向科创板、创业板转板上市的制度，但成功转板上市的企业有限。以现有的新三板精选层为基础组建北京证券交易所，不仅有利于增强新三板挂牌企业股权的流动性和上市渠道，还是为了“打造服务创新型中小企业主阵地”，“培育一批专精特新中小企业”。</p>\n<p><b>从新三板精选层和科创板挂牌/上市的条件和门槛来看，精选层的对企业市值条件、财务条件的要求更加宽松，更有利于中小科创企业的上市。</b></p>\n<p><b>未来北京证券交易所是否能有更多的制度创新？能否进一步推动中国股票市场的改革进程？值得我们期待。</b></p>\n<p><img src=\"https://static.tigerbbs.com/24adac74431844c001244acdf21f3ca0\" tg-width=\"892\" tg-height=\"853\" width=\"100%\" height=\"auto\"></p>\n<p><b>四、北京证券交易所的设立将带来PE基金行业的颠覆性变革</b></p>\n<p>北京证券交易所的设立，有利于创新型中小企业上市，活跃股票交易市场，有利于券商承销业务和经纪业务收入增长，因此，周五开盘后券商股集体大涨。</p>\n<p>但我们认为，<b>北京证券交易所的设立对券商股的利好非常有限，充其量也就是喝点“汤”。北京证券交易所设立的最大受益者或者说“吃肉的”是PE/VC基金，一级PE基金黄金时代可期待来临。</b></p>\n<p>过去 PE/VC投资的退出渠道比较匮乏，基本上需要等到被投企业IPO上市后才能顺畅地退出。但以前企业在A股上市门槛高、周期长，而一般的PE基金的存续期限往往只有3—7年。</p>\n<p>为了保证在基金存续期结束时能够顺利退出、给投资人兑现收益，中国的PE基金往往只能陪跑“后半场”，在企业成长到一定规模、能够在较短的时间内上市时才介入；部分企业在中国面临上市难的问题，最后会选择VIE架构去美国或香港上市，让PE基金得以退出。</p>\n<p><b>随着科创板推出、创业板注册制改革、北京证券交易所设立，创新型中小企业上市更加便捷，条件放宽，可以在企业发展的较早阶段上市，能够缓解过去PE基金产品期限和被投公司上市期限不匹配的难题，改变中国PE基金扎堆投pre-IPO或临近上市轮现象。创新型中小企业上市不再需要完整走完天使轮—A轮—B轮—C轮—D轮—……—IPO的漫长过程，从而促使更多的PE基金在投资端前移，也可以促进VC投资的发展。</b></p>\n<p><b>北京证券交易所的设立，还改变了一级市场PE基金生存的底层逻辑，未来将颠覆目前的行业生态。</b>目前的PE、VC市场，呈现出两极分化的状态：一大批初创企业争相求着头部PE基金投资，而一大批中小PE基金则求着明星项目要份额；头部PE基金募资能力强，中小PE基金若无特殊资源则很难找到LP。未来创新型中小企业上市更加容易，有利于专业化、特色型中小PE基金的生存发展，有望改变头部大型PE基金垄断主导权的行业生态。</p>","source":"lsy1568619116533","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>北京证券交易所来了！谁的“大肉”，谁的“汤”？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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北京证券交易所来了！谁的“大肉”，谁的“汤”？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 10:03 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ><strong>海清FICC频道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。\n在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5481d622d7bc535b67b2738f86cc0db","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103617448","content_text":"9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。\n在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“卡脖子”的短期问题，还决定了未来谁是全球产业经济的“领头羊”、21世纪是谁的世纪的长期问题。\n从历史上大国崛起的过程来看，科技是根本驱动力：\n英国借助蒸汽机的领先优势率先开始了第一次工业革命，成为世界霸主；\n美德在内燃机、电气化领域弯道超车超过英国，引领了第二次工业革命，取代了英国的地位；\n二战后美国在原子能、生物医药、航空航天、计算机等领域引领了第三次工业革命，进一步巩固了其全球科技领头羊地位和世界霸主地位。\n在上世纪八九十年代的美日贸易战中，除了“广场协议”这一表面因素和直接诱因外，美国最终能够胜过日本的关键也在于两国在经济发展驱动力选择上的根本差异：\n日本因循传统的主办银行制度，支持传统的大型制造业企业和房地产行业发展，其金融体制不适应科技创新的需要。在广场协议后，日元升值、出口受挫，日本更是直接通过货币大放水刺激起股市泡沫和房市泡沫，催生出“虚假的繁荣”。\n美国通过纳斯达克市场为科技创新企业提供便利的融资环境，硅谷发展起来，培育了一大批后来的互联网企业。\n到了九十年代，日本房市和股市泡沫破裂，经济陷入“失去的二十年”；美国厚积薄发，互联网革命兴起，出现“新经济繁荣”。日本在美日竞争中彻底出局。\n大国博弈，科技定乾坤！科技是第一生产力，是大国崛起和全球竞争的关键。\n金融是实体的血液，科技竞争，金融先行。哪个国家的资本市场更能服务创新，更能为高科技企业融资和发展提供便利，哪个国家的科技创新就更有可能快速进步，同时还能吸引其他国家和地区的高科技企业来本地上市。\n近年来美国纳斯达克也在不断进行制度创新，为中小科创企业上市提供更便捷的政策机制设计。比如，近年来美国股市出现许多特殊目的收购公司（SPAC），成为许多企业借壳上市的“终南捷径”。其操作模式是：第一步，成立一个SPAC公司，向监管机构申请发股募资，但此时发起人持有的股票只能在限定市场上单独交易；第二步，在18~24个月内，管理团队找到一家可以收购的目标公司，全体股东投票，多数同意后完成收购，合并成新公司，股票就可以正式上市交易。发起人持有的股票等锁定期一过，就可以退出套现。SPAC模式能够让企业在短时间内实现上市，成本也比IPO、买壳上市/借壳上市更低。\n如今中国决策层已经彻底下定决心转型，告别以城镇化红利为基础的“房地产+土地财政”旧模式，塑造“硬科技+绿色低碳+支持民企小微”为三大支柱的新增长模式。\n为承接上述发展战略转型，目前国内需要一个聚焦服务创新型中小企业、承担培育一批专精特新中小企业使命的交易所，北京证券交易所的出现适应了时代的需要，也响应了全球科技竞争的需求。\n二、北京证券交易所并非“凭空出世”，而是北京长期以来科技创新支持政策内生进化的结果\n北京是中国创新企业和金融资源高度集中的城市，纵观北京科技创新领域的政策演进路径可以发现，在每一个重要的历史关口，北京都推出了重大的政策和制度创新：\n在上世纪八九十年代，随着美国互联网科技产业兴起，北京建立了中关村，成为我国科教智力和人才资源最为密集的区域，被称为“中国硅谷”。\n2006年，中关村科技园区非上市股份公司进入代办转让系统进行股份报价转让，称为“新三板”。\n2020年7月27日，新三板精选层设立暨首批企业晋层仪式在全国股转公司挂牌大厅举行，首批32家公司已全部完成公开发行程序，精选层正式设立并开市交易。\n如今，在精选层进行了一年多的试点的基础上，以精选层为基础组建北京证券交易所，可谓“水到渠成”。\n从北京产业转型升级的方向来看，数字经济、科技创新是重要的支撑，北京证券交易所的设立，对于北京建设具有全球影响力的金融中心、科技创新中心具有重大意义。\n三、北京证券交易所最值得期待的是制度建设能否再做突破创新\n中国已有沪深两大交易所，设立北京证券交易所的最大看点并不是又多了一家交易所，其最值得期待的是未来还会有哪些制度创新！\n此前很长一段时间，中国股市没有实行注册制、无法让同股不同权的企业上市、无法让未盈利的高科技企业上市。科创板的推出解决了注册制的问题，同时为未盈利的高科技企业上市创造了条件。北京证券交易所进一步放宽了创新型中小企业上升的市值、财务条件，企业上市融资更加便捷。\n从目前监管披露的信息来看，北京证券交易所的初期规划是新三板的延伸：以现有的新三板精选层为基础组建北京证券交易所，总体平移精选层各项基础制度，坚持北京证券交易所上市公司由创新层公司产生，维持新三板基础层、创新层与北京证券交易所“层层递进”的市场结构，同步试点证券发行注册制。\n此前新三板精选层也设计了向科创板、创业板转板上市的制度，但成功转板上市的企业有限。以现有的新三板精选层为基础组建北京证券交易所，不仅有利于增强新三板挂牌企业股权的流动性和上市渠道，还是为了“打造服务创新型中小企业主阵地”，“培育一批专精特新中小企业”。\n从新三板精选层和科创板挂牌/上市的条件和门槛来看，精选层的对企业市值条件、财务条件的要求更加宽松，更有利于中小科创企业的上市。\n未来北京证券交易所是否能有更多的制度创新？能否进一步推动中国股票市场的改革进程？值得我们期待。\n\n四、北京证券交易所的设立将带来PE基金行业的颠覆性变革\n北京证券交易所的设立，有利于创新型中小企业上市，活跃股票交易市场，有利于券商承销业务和经纪业务收入增长，因此，周五开盘后券商股集体大涨。\n但我们认为，北京证券交易所的设立对券商股的利好非常有限，充其量也就是喝点“汤”。北京证券交易所设立的最大受益者或者说“吃肉的”是PE/VC基金，一级PE基金黄金时代可期待来临。\n过去 PE/VC投资的退出渠道比较匮乏，基本上需要等到被投企业IPO上市后才能顺畅地退出。但以前企业在A股上市门槛高、周期长，而一般的PE基金的存续期限往往只有3—7年。\n为了保证在基金存续期结束时能够顺利退出、给投资人兑现收益，中国的PE基金往往只能陪跑“后半场”，在企业成长到一定规模、能够在较短的时间内上市时才介入；部分企业在中国面临上市难的问题，最后会选择VIE架构去美国或香港上市，让PE基金得以退出。\n随着科创板推出、创业板注册制改革、北京证券交易所设立，创新型中小企业上市更加便捷，条件放宽，可以在企业发展的较早阶段上市，能够缓解过去PE基金产品期限和被投公司上市期限不匹配的难题，改变中国PE基金扎堆投pre-IPO或临近上市轮现象。创新型中小企业上市不再需要完整走完天使轮—A轮—B轮—C轮—D轮—……—IPO的漫长过程，从而促使更多的PE基金在投资端前移，也可以促进VC投资的发展。\n北京证券交易所的设立，还改变了一级市场PE基金生存的底层逻辑，未来将颠覆目前的行业生态。目前的PE、VC市场，呈现出两极分化的状态：一大批初创企业争相求着头部PE基金投资，而一大批中小PE基金则求着明星项目要份额；头部PE基金募资能力强，中小PE基金若无特殊资源则很难找到LP。未来创新型中小企业上市更加容易，有利于专业化、特色型中小PE基金的生存发展，有望改变头部大型PE基金垄断主导权的行业生态。","news_type":1},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":265310278451216,"gmtCreate":1705797038697,"gmtModify":1705908017872,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust-ETF(QQQ)$ </a>&nbsp; Good suggestion from tiger","listText":"<a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust-ETF(QQQ)$ </a>&nbsp; Good suggestion from tiger","text":"$Invesco QQQ Trust-ETF(QQQ)$ Good suggestion from tiger","images":[{"img":"https://community-static.tradeup.com/news/7a4d6befa9fa5528e42b6c004f627f70","width":"898","height":"1475"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/265310278451216","isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000346","authorId":"9000000000000346","name":"glitzy","avatar":"https://static.tigerbbs.com/abf1cf89bc24c5ddf080de8c01c25fb0","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000346","idStr":"9000000000000346"},"content":"Great call by Tiger, QQQ is a solid investment!","text":"Great call by Tiger, QQQ is a solid investment!","html":"Great call by Tiger, QQQ is a solid investment!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9004042238,"gmtCreate":1642464515808,"gmtModify":1676533712395,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004042238","repostId":"1187188203","repostType":4,"repost":{"id":"1187188203","kind":"news","pubTimestamp":1642463665,"share":"https://ttm.financial/m/news/1187188203?lang=&edition=fundamental","pubTime":"2022-01-18 07:54","market":"sg","language":"en","title":"Overbought Singapore Market Nonetheless Tipped To Open Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1187188203","media":"RTTNews","summary":"The Singapore stock market has climbed higher in eight straight sessions, advancing almost 125 point","content":"<html><head></head><body><p>The Singapore stock market has climbed higher in eight straight sessions, advancing almost 125 points or 4 percent along the way. The Straits Times Index now sits just beneath the 3,290-point plateau and it&#39;s looking at another green light for Tuesday&#39;s trade.</p><p>The global forecast for the Asian markets suggests mild upside, supported by crude oil prices and optimism for economic recovery. The European markets were up and the U.S. markets were off on holiday, and the Asian markets are also expected to tick higher.</p><p>The STI finished slightly higher on Monday following mixed performances from the financial shares, property stocks and industrial issues.</p><p>For the day, the index added 5.98 points or 0.18 percent to finish at 3,287.95 after trading between 3,279.33 and 3,297.79. Volume was 1.13 billion shares worth 1.09 billion Singapore dollars. There were 258 decliners and 193 gainers.</p><p>Among the actives, Ascendas REIT skidded 0.69 percent, while CapitaLand Integrated Commercial Trust retreated 1.00 percent, City Developments and UOL Group both eased 0.14 percent, Comfort DelGro soared 2.21 percent, Dairy Farm International spiked 1.81 percent, DBS Group added 0.33 percent, Genting Singapore sank 0.64 percent, Hongkong Land lost 0.55 percent, Keppel Corp rose 0.19 percent, Mapletree Logistics Trust shed 0.56 percent, Oversea-Chinese Banking Corporation slid 0.24 percent, SATS surged 2.79 percent, SembCorp Industries fell 0.46 percent, Singapore Airlines advanced 0.99 percent, Singapore Exchange dropped 0.62 percent, Singapore Technologies Engineering slumped 0.27 percent, SingTel jumped 1.63 percent, Thai Beverage tumbled 1.54 percent, United Overseas Bank collected 0.84 percent, Wilmar International declined 1.17 percent, Yangzijiang Shipbuilding climbed 1.52 percent and Mapletree Commercial Trust, Singapore Press Holdings and Jardine Matheson were unchanged.</p><p>There is no lead from Wall Street as the markets were off Monday for the Martin Luther King Jr. holiday and will return to action on Tuesday.</p><p>The European markets provide a positive secondary lead, thanks to a combination of bargain hunting, slowing coronavirus numbers and economic optimism.</p><p>Financials, technology stocks and industrials are all looking at support.</p><p>Crude oil prices moved modestly higher on Thursday, with the upside capped by news that the Trans Mountain pipeline returned to normal operations following a two-month disruption. West Texas Intermediate crude for February delivery added $0.48 or 0.57 percent to $84.30 per barrel.</p></body></html>","source":"lsy1626938412129","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>Overbought Singapore Market Nonetheless Tipped To Open Higher</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\">\nOverbought Singapore Market Nonetheless Tipped To Open Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-18 07:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3255394/overbought-singapore-market-nonetheless-tipped-to-open-higher.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has climbed higher in eight straight sessions, advancing almost 125 points or 4 percent along the way. The Straits Times Index now sits just beneath the 3,290-point plateau ...</p>\n\n<a href=\"https://www.rttnews.com/3255394/overbought-singapore-market-nonetheless-tipped-to-open-higher.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3255394/overbought-singapore-market-nonetheless-tipped-to-open-higher.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187188203","content_text":"The Singapore stock market has climbed higher in eight straight sessions, advancing almost 125 points or 4 percent along the way. The Straits Times Index now sits just beneath the 3,290-point plateau and it's looking at another green light for Tuesday's trade.The global forecast for the Asian markets suggests mild upside, supported by crude oil prices and optimism for economic recovery. The European markets were up and the U.S. markets were off on holiday, and the Asian markets are also expected to tick higher.The STI finished slightly higher on Monday following mixed performances from the financial shares, property stocks and industrial issues.For the day, the index added 5.98 points or 0.18 percent to finish at 3,287.95 after trading between 3,279.33 and 3,297.79. Volume was 1.13 billion shares worth 1.09 billion Singapore dollars. There were 258 decliners and 193 gainers.Among the actives, Ascendas REIT skidded 0.69 percent, while CapitaLand Integrated Commercial Trust retreated 1.00 percent, City Developments and UOL Group both eased 0.14 percent, Comfort DelGro soared 2.21 percent, Dairy Farm International spiked 1.81 percent, DBS Group added 0.33 percent, Genting Singapore sank 0.64 percent, Hongkong Land lost 0.55 percent, Keppel Corp rose 0.19 percent, Mapletree Logistics Trust shed 0.56 percent, Oversea-Chinese Banking Corporation slid 0.24 percent, SATS surged 2.79 percent, SembCorp Industries fell 0.46 percent, Singapore Airlines advanced 0.99 percent, Singapore Exchange dropped 0.62 percent, Singapore Technologies Engineering slumped 0.27 percent, SingTel jumped 1.63 percent, Thai Beverage tumbled 1.54 percent, United Overseas Bank collected 0.84 percent, Wilmar International declined 1.17 percent, Yangzijiang Shipbuilding climbed 1.52 percent and Mapletree Commercial Trust, Singapore Press Holdings and Jardine Matheson were unchanged.There is no lead from Wall Street as the markets were off Monday for the Martin Luther King Jr. holiday and will return to action on Tuesday.The European markets provide a positive secondary lead, thanks to a combination of bargain hunting, slowing coronavirus numbers and economic optimism.Financials, technology stocks and industrials are all looking at support.Crude oil prices moved modestly higher on Thursday, with the upside capped by news that the Trans Mountain pipeline returned to normal operations following a two-month disruption. West Texas Intermediate crude for February delivery added $0.48 or 0.57 percent to $84.30 per barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005893595,"gmtCreate":1642218221160,"gmtModify":1676533694040,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005893595","repostId":"1179598476","repostType":4,"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995593716,"gmtCreate":1661478392337,"gmtModify":1676536527229,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995593716","repostId":"2262535879","repostType":4,"isVote":1,"tweetType":1,"viewCount":587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995591253,"gmtCreate":1661478447274,"gmtModify":1676536527245,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"[smile]","listText":"[smile]","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995591253","repostId":"9995211521","repostType":1,"repost":{"id":9995211521,"gmtCreate":1661472777266,"gmtModify":1676536524908,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"themes":[],"htmlText":"The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately.&nbsp;However what will happen to the markets comes down to 2 important factors :1.&nbsp; The rate of inflation.&nbsp; &nbsp;In July it was 8.5% down from 9.1% in June.&nbsp;2.&nbsp; The Feds' stance on raising interest rates -&nbsp; whether it is hawkish or dovish.Just 1 year ago,&nbsp; Jerome Powell said that inflation was \"transitory\".&nbsp; &nbsp;But now it seems that we have transitioned to a new paradigm.&nbsp; &nbsp;High&nbsp;Inflation is here to stay.&nbsp; &nbsp;My opinion is that as long as inflation is high,&nbsp; the Feds have no choice but to continue hiking t","listText":"The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately.&nbsp;However what will happen to the markets comes down to 2 important factors :1.&nbsp; The rate of inflation.&nbsp; &nbsp;In July it was 8.5% down from 9.1% in June.&nbsp;2.&nbsp; The Feds' stance on raising interest rates -&nbsp; whether it is hawkish or dovish.Just 1 year ago,&nbsp; Jerome Powell said that inflation was \"transitory\".&nbsp; &nbsp;But now it seems that we have transitioned to a new paradigm.&nbsp; &nbsp;High&nbsp;Inflation is here to stay.&nbsp; &nbsp;My opinion is that as long as inflation is high,&nbsp; the Feds have no choice but to continue hiking t","text":"The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately. However what will happen to the markets comes down to 2 important factors :1. The rate of inflation. In July it was 8.5% down from 9.1% in June. 2. The Feds' stance on raising interest rates - whether it is hawkish or dovish.Just 1 year ago, Jerome Powell said that inflation was \"transitory\". But now it seems that we have transitioned to a new paradigm. High Inflation is here to stay. My opinion is that as long as inflation is high, the Feds have no choice but to continue hiking t","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995211521","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817915690,"gmtCreate":1630897129810,"gmtModify":1676530415307,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817915690","repostId":"1103617448","repostType":2,"repost":{"id":"1103617448","kind":"news","pubTimestamp":1630893800,"share":"https://ttm.financial/m/news/1103617448?lang=&edition=fundamental","pubTime":"2021-09-06 10:03","market":"sh","language":"zh","title":"北京证券交易所来了！谁的“大肉”，谁的“汤”？","url":"https://stock-news.laohu8.com/highlight/detail?id=1103617448","media":"海清FICC频道","summary":"9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太","content":"<p>9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。</p>\n<p><b>一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择</b></p>\n<p>当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。</p>\n<p><b>在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。</b>中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“卡脖子”的短期问题，还决定了未来谁是全球产业经济的“领头羊”、21世纪是谁的世纪的长期问题。</p>\n<p><b>从历史上大国崛起的过程来看，科技是根本驱动力：</b></p>\n<p>英国借助蒸汽机的领先优势率先开始了第一次工业革命，成为世界霸主；</p>\n<p>美德在内燃机、电气化领域弯道超车超过英国，引领了第二次工业革命，取代了英国的地位；</p>\n<p>二战后美国在原子能、生物医药、航空航天、计算机等领域引领了第三次工业革命，进一步巩固了其全球科技领头羊地位和世界霸主地位。</p>\n<p><b>在上世纪八九十年代的美日贸易战中，除了“广场协议”这一表面因素和直接诱因外，美国最终能够胜过日本的关键也在于两国在经济发展驱动力选择上的根本差异：</b></p>\n<p>日本因循传统的主办银行制度，支持传统的大型制造业企业和房地产行业发展，其金融体制不适应科技创新的需要。在广场协议后，日元升值、出口受挫，日本更是直接通过货币大放水刺激起股市泡沫和房市泡沫，催生出“虚假的繁荣”。</p>\n<p>美国通过纳斯达克市场为科技创新企业提供便利的融资环境，硅谷发展起来，培育了一大批后来的互联网企业。</p>\n<p>到了九十年代，日本房市和股市泡沫破裂，经济陷入“失去的二十年”；美国厚积薄发，互联网革命兴起，出现“新经济繁荣”。日本在美日竞争中彻底出局。</p>\n<p><b>大国博弈，科技定乾坤！科技是第一生产力，是大国崛起和全球竞争的关键。</b></p>\n<p><b>金融是实体的血液，科技竞争，金融先行。哪个国家的资本市场更能服务创新，更能为高科技企业融资和发展提供便利，哪个国家的科技创新就更有可能快速进步，同时还能吸引其他国家和地区的高科技企业来本地上市。</b></p>\n<p><b>近年来美国纳斯达克也在不断进行制度创新，为中小科创企业上市提供更便捷的政策机制设计。</b>比如，近年来美国股市出现许多特殊目的收购公司（SPAC），成为许多企业借壳上市的“终南捷径”。其操作模式是：第一步，成立一个SPAC公司，向监管机构申请发股募资，但此时发起人持有的股票只能在限定市场上单独交易；第二步，在18~24个月内，管理团队找到一家可以收购的目标公司，全体股东投票，多数同意后完成收购，合并成新公司，股票就可以正式上市交易。发起人持有的股票等锁定期一过，就可以退出套现。SPAC模式能够让企业在短时间内实现上市，成本也比IPO、买壳上市/借壳上市更低。</p>\n<p><b>如今中国决策层已经彻底下定决心转型，告别以城镇化红利为基础的“房地产+土地财政”旧模式，塑造“硬科技+绿色低碳+支持民企小微”为三大支柱的新增长模式。</b></p>\n<p><b>为承接上述发展战略转型，目前国内需要一个聚焦服务创新型中小企业、承担培育一批专精特新中小企业使命的交易所，北京证券交易所的出现适应了时代的需要，也响应了全球科技竞争的需求。</b></p>\n<p><b>二、北京证券交易所并非“凭空出世”，而是北京长期以来科技创新支持政策内生进化的结果</b></p>\n<p>北京是中国创新企业和金融资源高度集中的城市，纵观北京科技创新领域的政策演进路径可以发现，<b>在每一个重要的历史关口，北京都推出了重大的政策和制度创新：</b></p>\n<p>在上世纪八九十年代，随着美国互联网科技产业兴起，北京建立了<a href=\"https://laohu8.com/S/000931\">中关村</a>，成为我国科教智力和人才资源最为密集的区域，被称为“中国硅谷”。</p>\n<p>2006年，中关村科技园区非上市股份公司进入代办转让系统进行股份报价转让，称为“新三板”。</p>\n<p>2020年7月27日，新三板精选层设立暨首批企业晋层仪式在全国股转公司挂牌大厅举行，首批32家公司已全部完成公开发行程序，精选层正式设立并开市交易。</p>\n<p><b>如今，在精选层进行了一年多的试点的基础上，以精选层为基础组建北京证券交易所，可谓“水到渠成”。</b></p>\n<p><b>从北京产业转型升级的方向来看，数字经济、科技创新是重要的支撑，北京证券交易所的设立，对于<a href=\"https://laohu8.com/S/00925\">北京建设</a>具有全球影响力的金融中心、科技创新中心具有重大意义。</b></p>\n<p><b>三、北京证券交易所最值得期待的是制度建设能否再做突破创新</b></p>\n<p><b>中国已有沪深两大交易所，设立北京证券交易所的最大看点并不是又多了一家交易所，其最值得期待的是未来还会有哪些制度创新！</b></p>\n<p>此前很长一段时间，中国股市没有实行注册制、无法让同股不同权的企业上市、无法让未盈利的高科技企业上市。科创板的推出解决了注册制的问题，同时为未盈利的高科技企业上市创造了条件。北京证券交易所进一步放宽了创新型中小企业上升的市值、财务条件，企业上市融资更加便捷。</p>\n<p><b>从目前监管披露的信息来看，北京证券交易所的初期规划是新三板的延伸：</b>以现有的新三板精选层为基础组建北京证券交易所，总体平移精选层各项基础制度，坚持北京证券交易所上市公司由创新层公司产生，维持新三板基础层、创新层与北京证券交易所“层层递进”的市场结构，同步试点证券发行注册制。</p>\n<p>此前新三板精选层也设计了向科创板、创业板转板上市的制度，但成功转板上市的企业有限。以现有的新三板精选层为基础组建北京证券交易所，不仅有利于增强新三板挂牌企业股权的流动性和上市渠道，还是为了“打造服务创新型中小企业主阵地”，“培育一批专精特新中小企业”。</p>\n<p><b>从新三板精选层和科创板挂牌/上市的条件和门槛来看，精选层的对企业市值条件、财务条件的要求更加宽松，更有利于中小科创企业的上市。</b></p>\n<p><b>未来北京证券交易所是否能有更多的制度创新？能否进一步推动中国股票市场的改革进程？值得我们期待。</b></p>\n<p><img src=\"https://static.tigerbbs.com/24adac74431844c001244acdf21f3ca0\" tg-width=\"892\" tg-height=\"853\" width=\"100%\" height=\"auto\"></p>\n<p><b>四、北京证券交易所的设立将带来PE基金行业的颠覆性变革</b></p>\n<p>北京证券交易所的设立，有利于创新型中小企业上市，活跃股票交易市场，有利于券商承销业务和经纪业务收入增长，因此，周五开盘后券商股集体大涨。</p>\n<p>但我们认为，<b>北京证券交易所的设立对券商股的利好非常有限，充其量也就是喝点“汤”。北京证券交易所设立的最大受益者或者说“吃肉的”是PE/VC基金，一级PE基金黄金时代可期待来临。</b></p>\n<p>过去 PE/VC投资的退出渠道比较匮乏，基本上需要等到被投企业IPO上市后才能顺畅地退出。但以前企业在A股上市门槛高、周期长，而一般的PE基金的存续期限往往只有3—7年。</p>\n<p>为了保证在基金存续期结束时能够顺利退出、给投资人兑现收益，中国的PE基金往往只能陪跑“后半场”，在企业成长到一定规模、能够在较短的时间内上市时才介入；部分企业在中国面临上市难的问题，最后会选择VIE架构去美国或香港上市，让PE基金得以退出。</p>\n<p><b>随着科创板推出、创业板注册制改革、北京证券交易所设立，创新型中小企业上市更加便捷，条件放宽，可以在企业发展的较早阶段上市，能够缓解过去PE基金产品期限和被投公司上市期限不匹配的难题，改变中国PE基金扎堆投pre-IPO或临近上市轮现象。创新型中小企业上市不再需要完整走完天使轮—A轮—B轮—C轮—D轮—……—IPO的漫长过程，从而促使更多的PE基金在投资端前移，也可以促进VC投资的发展。</b></p>\n<p><b>北京证券交易所的设立，还改变了一级市场PE基金生存的底层逻辑，未来将颠覆目前的行业生态。</b>目前的PE、VC市场，呈现出两极分化的状态：一大批初创企业争相求着头部PE基金投资，而一大批中小PE基金则求着明星项目要份额；头部PE基金募资能力强，中小PE基金若无特殊资源则很难找到LP。未来创新型中小企业上市更加容易，有利于专业化、特色型中小PE基金的生存发展，有望改变头部大型PE基金垄断主导权的行业生态。</p>","source":"lsy1568619116533","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>北京证券交易所来了！谁的“大肉”，谁的“汤”？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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北京证券交易所来了！谁的“大肉”，谁的“汤”？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 10:03 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ><strong>海清FICC频道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。\n在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5481d622d7bc535b67b2738f86cc0db","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103617448","content_text":"9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。\n在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“卡脖子”的短期问题，还决定了未来谁是全球产业经济的“领头羊”、21世纪是谁的世纪的长期问题。\n从历史上大国崛起的过程来看，科技是根本驱动力：\n英国借助蒸汽机的领先优势率先开始了第一次工业革命，成为世界霸主；\n美德在内燃机、电气化领域弯道超车超过英国，引领了第二次工业革命，取代了英国的地位；\n二战后美国在原子能、生物医药、航空航天、计算机等领域引领了第三次工业革命，进一步巩固了其全球科技领头羊地位和世界霸主地位。\n在上世纪八九十年代的美日贸易战中，除了“广场协议”这一表面因素和直接诱因外，美国最终能够胜过日本的关键也在于两国在经济发展驱动力选择上的根本差异：\n日本因循传统的主办银行制度，支持传统的大型制造业企业和房地产行业发展，其金融体制不适应科技创新的需要。在广场协议后，日元升值、出口受挫，日本更是直接通过货币大放水刺激起股市泡沫和房市泡沫，催生出“虚假的繁荣”。\n美国通过纳斯达克市场为科技创新企业提供便利的融资环境，硅谷发展起来，培育了一大批后来的互联网企业。\n到了九十年代，日本房市和股市泡沫破裂，经济陷入“失去的二十年”；美国厚积薄发，互联网革命兴起，出现“新经济繁荣”。日本在美日竞争中彻底出局。\n大国博弈，科技定乾坤！科技是第一生产力，是大国崛起和全球竞争的关键。\n金融是实体的血液，科技竞争，金融先行。哪个国家的资本市场更能服务创新，更能为高科技企业融资和发展提供便利，哪个国家的科技创新就更有可能快速进步，同时还能吸引其他国家和地区的高科技企业来本地上市。\n近年来美国纳斯达克也在不断进行制度创新，为中小科创企业上市提供更便捷的政策机制设计。比如，近年来美国股市出现许多特殊目的收购公司（SPAC），成为许多企业借壳上市的“终南捷径”。其操作模式是：第一步，成立一个SPAC公司，向监管机构申请发股募资，但此时发起人持有的股票只能在限定市场上单独交易；第二步，在18~24个月内，管理团队找到一家可以收购的目标公司，全体股东投票，多数同意后完成收购，合并成新公司，股票就可以正式上市交易。发起人持有的股票等锁定期一过，就可以退出套现。SPAC模式能够让企业在短时间内实现上市，成本也比IPO、买壳上市/借壳上市更低。\n如今中国决策层已经彻底下定决心转型，告别以城镇化红利为基础的“房地产+土地财政”旧模式，塑造“硬科技+绿色低碳+支持民企小微”为三大支柱的新增长模式。\n为承接上述发展战略转型，目前国内需要一个聚焦服务创新型中小企业、承担培育一批专精特新中小企业使命的交易所，北京证券交易所的出现适应了时代的需要，也响应了全球科技竞争的需求。\n二、北京证券交易所并非“凭空出世”，而是北京长期以来科技创新支持政策内生进化的结果\n北京是中国创新企业和金融资源高度集中的城市，纵观北京科技创新领域的政策演进路径可以发现，在每一个重要的历史关口，北京都推出了重大的政策和制度创新：\n在上世纪八九十年代，随着美国互联网科技产业兴起，北京建立了中关村，成为我国科教智力和人才资源最为密集的区域，被称为“中国硅谷”。\n2006年，中关村科技园区非上市股份公司进入代办转让系统进行股份报价转让，称为“新三板”。\n2020年7月27日，新三板精选层设立暨首批企业晋层仪式在全国股转公司挂牌大厅举行，首批32家公司已全部完成公开发行程序，精选层正式设立并开市交易。\n如今，在精选层进行了一年多的试点的基础上，以精选层为基础组建北京证券交易所，可谓“水到渠成”。\n从北京产业转型升级的方向来看，数字经济、科技创新是重要的支撑，北京证券交易所的设立，对于北京建设具有全球影响力的金融中心、科技创新中心具有重大意义。\n三、北京证券交易所最值得期待的是制度建设能否再做突破创新\n中国已有沪深两大交易所，设立北京证券交易所的最大看点并不是又多了一家交易所，其最值得期待的是未来还会有哪些制度创新！\n此前很长一段时间，中国股市没有实行注册制、无法让同股不同权的企业上市、无法让未盈利的高科技企业上市。科创板的推出解决了注册制的问题，同时为未盈利的高科技企业上市创造了条件。北京证券交易所进一步放宽了创新型中小企业上升的市值、财务条件，企业上市融资更加便捷。\n从目前监管披露的信息来看，北京证券交易所的初期规划是新三板的延伸：以现有的新三板精选层为基础组建北京证券交易所，总体平移精选层各项基础制度，坚持北京证券交易所上市公司由创新层公司产生，维持新三板基础层、创新层与北京证券交易所“层层递进”的市场结构，同步试点证券发行注册制。\n此前新三板精选层也设计了向科创板、创业板转板上市的制度，但成功转板上市的企业有限。以现有的新三板精选层为基础组建北京证券交易所，不仅有利于增强新三板挂牌企业股权的流动性和上市渠道，还是为了“打造服务创新型中小企业主阵地”，“培育一批专精特新中小企业”。\n从新三板精选层和科创板挂牌/上市的条件和门槛来看，精选层的对企业市值条件、财务条件的要求更加宽松，更有利于中小科创企业的上市。\n未来北京证券交易所是否能有更多的制度创新？能否进一步推动中国股票市场的改革进程？值得我们期待。\n\n四、北京证券交易所的设立将带来PE基金行业的颠覆性变革\n北京证券交易所的设立，有利于创新型中小企业上市，活跃股票交易市场，有利于券商承销业务和经纪业务收入增长，因此，周五开盘后券商股集体大涨。\n但我们认为，北京证券交易所的设立对券商股的利好非常有限，充其量也就是喝点“汤”。北京证券交易所设立的最大受益者或者说“吃肉的”是PE/VC基金，一级PE基金黄金时代可期待来临。\n过去 PE/VC投资的退出渠道比较匮乏，基本上需要等到被投企业IPO上市后才能顺畅地退出。但以前企业在A股上市门槛高、周期长，而一般的PE基金的存续期限往往只有3—7年。\n为了保证在基金存续期结束时能够顺利退出、给投资人兑现收益，中国的PE基金往往只能陪跑“后半场”，在企业成长到一定规模、能够在较短的时间内上市时才介入；部分企业在中国面临上市难的问题，最后会选择VIE架构去美国或香港上市，让PE基金得以退出。\n随着科创板推出、创业板注册制改革、北京证券交易所设立，创新型中小企业上市更加便捷，条件放宽，可以在企业发展的较早阶段上市，能够缓解过去PE基金产品期限和被投公司上市期限不匹配的难题，改变中国PE基金扎堆投pre-IPO或临近上市轮现象。创新型中小企业上市不再需要完整走完天使轮—A轮—B轮—C轮—D轮—……—IPO的漫长过程，从而促使更多的PE基金在投资端前移，也可以促进VC投资的发展。\n北京证券交易所的设立，还改变了一级市场PE基金生存的底层逻辑，未来将颠覆目前的行业生态。目前的PE、VC市场，呈现出两极分化的状态：一大批初创企业争相求着头部PE基金投资，而一大批中小PE基金则求着明星项目要份额；头部PE基金募资能力强，中小PE基金若无特殊资源则很难找到LP。未来创新型中小企业上市更加容易，有利于专业化、特色型中小PE基金的生存发展，有望改变头部大型PE基金垄断主导权的行业生态。","news_type":1},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246186154422336,"gmtCreate":1701128082411,"gmtModify":1701128086846,"author":{"id":"4087626034255720","authorId":"4087626034255720","name":"yiyu81","avatar":"https://static.tigerbbs.com/4778d04c7fcd1247b57df255ae536876","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087626034255720","idStr":"4087626034255720"},"themes":[],"htmlText":"Great article","listText":"Great article","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246186154422336","repostId":"245954380443880","repostType":1,"repost":{"id":245954380443880,"gmtCreate":1701084624542,"gmtModify":1701084678593,"author":{"id":"3527667620927015","authorId":"3527667620927015","name":"Tiger_Earnings","avatar":"https://static.tigerbbs.com/1849fb1fb43d93db3974fd09c5f65ff1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667620927015","idStr":"3527667620927015"},"themes":[],"title":"🔥Stock Prediction: How will PDD close Tuesday 28/11 following their earnings?","htmlText":"Click to vote. Guess how will <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> close Tuesday 28/11 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> is scheduled to report third-quarter 2023 results on Nov 28. PDD's 3Q non-GAAP operating profit might have exceeded consensus' estimate of 13.6 billion yuan even after it stepped up promotions and marketing to boost consumer spending. The firm's enlarged operations in China could have generated higher-than-expected cost savings from economies of scale and operating efficiency, offsetting the drag on earnings from hikes in sales and marketing expenses. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)</a>","listText":"Click to vote. Guess how will <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> close Tuesday 28/11 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> is scheduled to report third-quarter 2023 results on Nov 28. PDD's 3Q non-GAAP operating profit might have exceeded consensus' estimate of 13.6 billion yuan even after it stepped up promotions and marketing to boost consumer spending. The firm's enlarged operations in China could have generated higher-than-expected cost savings from economies of scale and operating efficiency, offsetting the drag on earnings from hikes in sales and marketing expenses. <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)</a>","text":"Click to vote. Guess how will $Pinduoduo Inc.(PDD)$ close Tuesday 28/11 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $Pinduoduo Inc.(PDD)$ is scheduled to report third-quarter 2023 results on Nov 28. PDD's 3Q non-GAAP operating profit might have exceeded consensus' estimate of 13.6 billion yuan even after it stepped up promotions and marketing to boost consumer spending. The firm's enlarged operations in China could have generated higher-than-expected cost savings from economies of scale and operating efficiency, offsetting the drag on earnings from hikes in sales and marketing expenses. $Pinduoduo Inc.(PDD)","images":[{"img":"https://community-static.tradeup.com/news/6785d242bbb838fa9835ea84af6b34dd","width":"1080","height":"1454"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/245954380443880","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":2931,"gmtBegin":1701084903737,"gmtEnd":1701162000334,"type":1,"upper":1,"title":"How will PDD close Tuesday 28/11 following their earnings?","choices":[{"id":10885,"sort":1,"name":"Very Green (over 15%)","userSize":19,"voted":false},{"id":10886,"sort":2,"name":"Green (5% to 15%)","userSize":69,"voted":false},{"id":10887,"sort":3,"name":"Flat (-5% to 5%)","userSize":83,"voted":false},{"id":10888,"sort":4,"name":"Red(-15% to 5%)","userSize":18,"voted":false},{"id":10889,"sort":5,"name":"Very Red(below-15%)","userSize":6,"voted":false}]},"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}