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LLMMYY

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- LLMMYYLLMMYY
  ·2021-07-29
  Jia you
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- LLMMYYLLMMYY
  ·2021-07-29
  Good
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- LLMMYYLLMMYY
  ·2021-07-26
  upupup
  US stock IPO is about to break records again!
  美国股市再次兴起了一波IPO热潮，预计今年的融资额将超过2000年互联网企业风靡时创下的970亿美元的最高纪录。 Renaissance Capital的数据显示，今年到目前为止，美国IPO的融资额
  US stock IPO is about to break records again!
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- LLMMYYLLMMYY
  ·2021-07-26
  upupup
  CITIC: A-share market liquidity is tightening, and these industries have layout opportunities
  市场流动性趋紧，整体大幅修正风险很低，结构再平衡提前开启。
  CITIC: A-share market liquidity is tightening, and these industries have layout opportunities
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- LLMMYYLLMMYY
  ·2021-07-21
  ??
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- LLMMYYLLMMYY
  ·2021-07-20
  ??
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- LLMMYYLLMMYY
  ·2021-07-11
  Upupup
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- LLMMYYLLMMYY
  ·2021-07-10
  Apple??
  Apple Stock Keeps Higher, Fresh All-Time High in the Session
  周五，$苹果(AAPL)$股价开盘后不断走高，截至发稿涨约1.2%，续刷历史高位。总市值超2.42万亿美元。苹果公司庞大的净资产已超过意大利、巴西、加拿大和俄罗斯等国的GDP。事实上，世界上只有7个国家的GDP高于苹果公司市值，意味着这家科技巨头比世界上高达96%的国家更富有。
  Apple Stock Keeps Higher, Fresh All-Time High in the Session
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- LLMMYYLLMMYY
  ·2021-07-07
  up?up
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Investors also want a slice of their favored companies.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US stock IPO is about to break records again!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS stock IPO is about to break records again!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-07-26 23:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The US stock market has renewed a wave of IPOs, which are expected to raise more funds this year than the record high of $97 billion set in 2000 when Internet companies took the storm. U.S. IPOs have raised $89 billion so far this year, up 232 percent from a year earlier, according to Renaissance Capital.</p><p>At the same time, a total of 250 companies in the United States conducted IPOs this year, an increase of 191% over the same period last year, which has already exceeded the total number of 218 companies in the whole of last year.</p><p>According to CNBC, Renaissance Capital said market funding is already at record levels so far this year,<b>It is expected to surpass the record high of $97 billion set in 2000 when Internet businesses were popular.</b></p><p>Matthew Kennedy, senior IPO market strategist at Renaissance Capital, said:</p><p>From historical experience, companies can get high valuations in this IPO boom. We believe this is thanks to decades of unicorn growth and the accumulation of venture capital funding. At least nine companies have doubled their IPO share prices from their offering prices this year. Shares of E-Home Household Service, a Chinese housekeeping and appliance Service company, have soared more than 300% since it went public in May.</p><p>Many types of companies are taking advantage of the booming U.S. stock market, such as at-home tech companies, healthcare innovation companies, and e-commerce companies, among others.</p><p>Biotechnology companies<a href=\"https://laohu8.com/S/VERV\">Verve Therapeutics</a>, container Shipping company ZIM Integrated Shipping, and online payment company dLocal, were among the best performing IPOs this year.</p><p>With the reopening of the economy after the pandemic, people are also optimistic about the economic outlook, and U.S. stocks continue to maintain their rally. The rising power of individual investors has fueled a new IPO boom. Investors also want a slice of their favored companies.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6b69e234a63c2c0a69ccede7b0faaa18","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123369206","content_text":"美国股市再次兴起了一波IPO热潮，预计今年的融资额将超过2000年互联网企业风靡时创下的970亿美元的最高纪录。\n\nRenaissance Capital的数据显示，今年到目前为止，美国IPO的融资额已达890亿美元，较去年同期增长了232%。\n同时，今年美国共有250家公司进行IPO，较去年同期增长了191%，已经超过了去年一整年218家的总数量。\n据CNBC报道，Renaissance Capital称，今年迄今为止，市场融资额已经处于创纪录水平，预计将超过2000年互联网企业风靡时创下的970亿美元的最高纪录。\nRenaissance Capital的高级IPO市场策略师Matthew Kennedy表示：\n\n 从历史经验来看，企业们能在此次IPO热潮中获得很高的估值。我们认为这要归功于数十年来独角兽企业的成长和风险投资资金的积累。\n\n今年至少有9家公司的IPO股价较发行价翻了一倍。中国家政和家电服务公司易家家居服务(E-Home Household Service)自5月份上市以来，股价已飙升逾300%。\n许多类型的公司都在利用美国股市的蓬勃发展，如居家科技公司、医疗保健创新公司和电子商务公司等。\n生物科技公司Verve Therapeutics、集装箱航运公司ZIM Integrated Shipping，以及在线支付公司dLocal，都是今年表现最好的IPO公司。\n随着疫情后经济的重新开放，人们对经济前景也持乐观态度，美股继续保持涨势。个人投资者的力量不断崛起壮大，推动了新一轮的IPO热潮。投资者们也希望从自己青睐的公司中分一杯羹。","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800112666,"gmtCreate":1627286185455,"gmtModify":1703486727076,"author":{"id":"3577013325481265","authorId":"3577013325481265","name":"LLMMYY","avatar":"https://static.tigerbbs.com/0673bd7a83e6b36e742df4a0eec734f4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577013325481265","idStr":"3577013325481265"},"themes":[],"htmlText":"upupup","listText":"upupup","text":"upupup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800112666","repostId":"2154956709","repostType":4,"repost":{"id":"2154956709","kind":"highlight","pubTimestamp":1627286069,"share":"https://ttm.financial/m/news/2154956709?lang=en_US&edition=fundamental","pubTime":"2021-07-26 15:54","market":"hk","language":"zh","title":"CITIC: A-share market liquidity is tightening, and these industries have layout opportunities","url":"https://stock-news.laohu8.com/highlight/detail?id=2154956709","media":"金十数据","summary":"市场流动性趋紧，整体大幅修正风险很低，结构再平衡提前开启。","content":"<p>This article is sourced from<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>research</p><p>Abstract</p><p><b>Market liquidity is beginning to tighten, and it is expected that the extreme differentiation of the sector will end ahead of schedule. However, the risk of substantial correction of the market as a whole is very low, and the stable and positive macro fundamentals support the rebalancing structure. The growth sector rotates from a high track to a low level, and some consumption and pharmaceutical industries have the value of left-side layout.</b></p><p>First of all, recently, the inflow of incremental funds in the market has slowed down, the positions of active investors in the market have quickly approached the high point at the beginning of the year, and the stock funds have been adjusted in panic, and the subsequent adjustment effect has tended to weaken. For the first time this year, allocation-type foreign capital continued to flow out of the new energy sector and into the consumption sector.</p><p>Secondly, the liquidity at the macro level is still loose, the market impact of the collapse of the group is weaker than that in the first quarter, and the macroeconomic driving forces and bright spots still exist in the second half of the year. The fundamentals support the rebalancing of the market structure, and the negative expectations of traditional core assets have been fully reflected. There is room for valuation repair in the rebalancing process.</p><p>At the allocation level, \"high cutting low\" will become the main feature in the process of structural rebalancing, and some consumption and pharmaceutical industries with a boom recovery currently have left-side allocation value.</p><p><b>Market liquidity is beginning to tighten</b></p><p><b>It is expected that the extreme differentiation of the sector will end ahead of schedule</b></p><p><b>1) The incremental capital inflow slowed down, and the positions of active investors quickly approached the high point at the beginning of the year.</b>According to the data of Public Offering of Fund's semi-annual report, the net redemption rate of active equity funds was-0.7%/ -4.6% in 1Q21/2Q21 respectively. According to the sample data of our channel survey, the net redemption pressure continued to increase in the first three weeks of July, and the proportion of cumulative net redemption scale to the net stock value of sample funds at the beginning of the month has expanded to about 6.6%.</p><p>ETF products saw net redemption for four consecutive months, with a net redemption rate of 2.0% in the first three weeks of July. In terms of private equity positions, the overall survey positions of small and medium-sized private equity with the highest activity did not observe significant changes in the whole second quarter, but they increased rapidly and significantly in the past two weeks, close to the historical high at the beginning of the year, showing the characteristics of taking the opportunity to enter the market or add positions during the correction of growth track stocks.</p><p>We believe that a large amount of funds may have taken the opportunity to enter the market in every previous callback of the growth manufacturing sector, but at present, the on-site funds that can undertake high-level adjustment have been quickly consumed.</p><p><b>2) Panic adjustment of stock funds, and the effect of subsequent adjustment tends to weaken.</b>Previously, the continuous adjustment of stock funds was also the driving force for the continuous and rapid rise of the high-prosperity growth manufacturing sector. However, last week, the characteristics of panic position adjustment were obvious, and the stock funds have begun to sell off industries and stocks with equal prosperity in consumption, medicine and other sectors.</p><p>High-prosperity sectors that institutional investors might otherwise hold firmly in the face of headwinds, such as floor sweeping<a href=\"https://laohu8.com/S/300024\">Robot</a>The cumulative average decline of medical beauty and sub-high-end liquor on Thursday and Friday reached-11.3%, -7.6% and-4.9% respectively, far exceeding CSI 300.</p><p>The accumulated net outflow of southbound funds last week reached 17.3 billion yuan, close to the peak of the year in March this year, and reduced the holdings of clothing leaders with very high prosperity, such as<a href=\"https://laohu8.com/S/02020\">ANTA Sports</a>Last week, the net outflow was HK$550 million, a cumulative decline of 9.0%,<a href=\"https://laohu8.com/S/02331\">Li Ning</a>From Wednesday to Friday, the cumulative net outflow was HK$290 million, a decline of 9.6%.</p><p>From the perspective of transaction, the strongest sector has also made up for its decline, which means that the capital diversion effect of the growth manufacturing sector is coming to an end.</p><p><b>3) For the first time in 14 months, long-term allocation foreign capital continued to flow out of the new energy sector and into the consumption sector.</b>Long-term allocation foreign capital has only continuously increased its holdings of power equipment and new energy sector since 2020. At the end of 2019, the market value of foreign capital in this sector was less than 30 billion, accounting for only 2.7% of the total positions of northbound funds, but at present it has reached 11.7%, making it the second largest heavy-duty industry after food and beverage.</p><p>Even in the process of the market surging and then calling back in the first quarter of this year, allocation-oriented foreign capital continued to reduce its holdings of food and beverage (with a net outflow of 10.7 billion in January alone), but it still netted into the new electricity sector, with a net inflow of 32.6 billion in the whole first quarter.</p><p>However, in the first three weeks of July, the net outflow of allocation-type foreign capital from the new electricity sector was about-1.4 billion, which had been net inflow for 14 consecutive months before that, and instead added food and beverage (+2.9 billion), home appliances (+1.4 billion) and medicine (+3 billion) and other industries. Although the behavior of allocation-oriented foreign capital is not enough to affect the overall style of the market, it at least shows that some long-term funds in the market with relatively high tolerance for valuation level have begun to adjust their allocation direction on the left side.</p><p><b>The risk of a significant correction in the market as a whole is very low</b></p><p><b>Stable and Improving Macro Fundamentals Support Structure Rebalancing</b></p><p><b>1) The liquidity at the macro level is still loose, and the market impact of the collapse of the group is weaker than that in the first quarter.</b>Internal and external macroeconomic disturbances continued to increase.</p><p>Domestically, the rapid rise in raw material prices in the early stage brought pressure on the operation of small and medium-sized enterprises, local scattered epidemics were frequent, heavy rains and floods in some provinces in Central China and other factors aggravated the market's worries about the economic prospects in the third quarter.</p><p>Overseas, the spread of the Delta variant of COVID-19 has accelerated, and the fiscal stimulus and subsidy measures under the epidemic in the United States will be withdrawn one after another from July, causing the market to worry about the global economic outlook. With inflation data constantly exceeding expectations, the 10-year US Treasury yields once fell below 1.2% this month. The above macro environment is in sharp contrast with the environment of \"strong economy + strong inflation + weak liquidity\" in the first quarter of this year.</p><p>In addition, the long-term prosperity trend and growth space of new energy, semiconductor and other growth manufacturing sectors are much larger than those of traditional core assets. Even if the group collapses in stages, the impact on the market is expected to be far weaker than that in the first quarter.</p><p><b>2) In the second half of the year, the economic driving forces and bright spots still exist, and the fundamentals support the rebalancing of market structure.</b>Despite the temporary disturbances, both consumption and industrial investment were extremely resilient in the second half of the year.</p><p>In the consumption sector, the growth rate of residents' disposable income, especially the wage growth rate of low-and middle-income groups such as migrant workers, continues to pick up, the gradual implementation of consumer finance supervision promotes the continuous recovery of non-housing consumer credit, and the trend of terminal consumption continues to pick up remains unchanged, while suppressive factors such as high base of listed companies and channel destocking are expected to be significantly alleviated in 4Q21.</p><p>In the field of real estate investment, under the current credit environment and financing structure of developers, accelerating the completion of construction and forming cash withdrawal from sales as soon as possible is still the most important way for developers to deleverage. It is expected that the growth rate of new construction and construction and construction investment will not continue to decline in the second half of the year.</p><p>In the field of infrastructure, with the acceleration of the issuance of subsequent local special bonds, infrastructure investment will continue to maintain a steady growth, and it is expected that it will recover to a growth rate of about 3% throughout the year.</p><p>In the manufacturing sector, the continuous large-scale capital expenditure on new energy and semiconductors, as well as the accelerated production delivery of the automobile industry after the supply chain problems are alleviated, will bring the growth rate of manufacturing investment to continue to pick up.</p><p><b>3) The negative expectations of traditional core assets have been fully reflected, and there is room for valuation repair in the rebalancing process.</b></p><p>First of all, at the level of economic expectations, the previous comprehensive RRR cut policy and the recent local scattered epidemic reappeared, combined with the impact of floods, the market has fully responded to the pessimistic expectation of the economy in the second half of the year, but in fact, the driving force and resilience of the economy in the second half of the year still exist.</p><p>Secondly, the credit risk events and related reports of some real estate developers and financial enterprises have made the market fully expect some local credit risks that may appear in the second half of the year, but the tone of the actual policy level is still prudent disposal.</p><p>Finally, from the financial perspective, investors have begun to sell the firmest positions in the consumer sector, which also means that the market's pessimism about traditional core assets has reached the extreme.</p><p>From the perspective of valuation, the overall valuation level of publicly offered non-financial heavyweight stocks has been significantly adjusted in the past two quarters. The static valuation of the top 50 non-financial heavyweight stocks has dropped from 73.9 times at the end of the first quarter to 42.0 times at the end of the second quarter, and recovered to the level between 4Q19 and 1Q20. The space for valuation repair has gradually emerged.</p><p><b>Growth sector rotates from high track to low</b></p><p><b>Some consumer and pharmaceutical industries have left-side layout value</b></p><p><b>1) \"High cut low\" will become the main feature during structural rebalancing.</b>Under the constraints of market funds, we believe that the extreme differentiation of the sector will end ahead of schedule, and the growth manufacturing sector has quickly overdrawn the market of the semi-annual report season ahead of schedule.</p><p>However, it takes time to repair the structural problems of the overall economy, and the short-term lack of rotation relay plates prolongs the time for the market to transition from a quiet period to a resonant upward period. At this stage, the structural rebalancing of the market is the main feature.</p><p>In terms of configuration, it is recommended to shift from the high-level track in the growth manufacturing sector to the relatively low-level track, such as military industry; And we can consider gradually laying out the consumption and pharmaceutical sectors with very sufficient current valuation adjustment on the left side.</p><p><b>2) Some consumption and pharmaceutical industries that have recovered from the boom currently have left-side allocation value.</b>In the consumption sector, the sub-industries with high prosperity and improved supply-side structure can fully support the current demand for high-growth varieties.</p><p>Specifically, it is recommended to pay attention to the general trend of benefit inventory clearance, industry pattern optimization and national tide rise<b>clothing</b>Benefiting from the continuous high growth of high-end consumer demand and the clearance of small and medium-sized brands,<b>Jewelry</b>Benefiting from the sustained high growth of mid-to high-end products<b>Beer</b>Benefiting from the replenishment of demand, consumption upgrade and accelerated nationalization of sub-high-end liquor, the industry continued to explode with high growth.<b>Medical aesthetics</b>Significant adjustment due to transaction-level factors<b>Service Robot</b>As well as the domestic model structure driving profound changes on the supply side after the core shortage problem is alleviated<b>automobile</b>。</p><p>In the field of medicine, we recommend continuing to suggest attention<b>CXO, vaccines, pharmaceutical equipment, devices</b>And<b>Medical services</b>Opportunities in the field. In the post-epidemic era, the just-needed attributes of the pharmaceutical sector have been very clear. Combined with the advance valuation switching of high-growth and high-valuation companies in the second half of the year, highly cost-effective layout opportunities have emerged.</p><p><b>Risk Factors</b></p><p>The global epidemic has repeated, and vaccination has fallen short of expectations; The progress of domestic economic recovery is less than expected; Macro liquidity at home and abroad tightened more than expected.</p>","source":"xnew_highlight","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>CITIC: A-share market liquidity is tightening, and these industries have layout opportunities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCITIC: A-share market liquidity is tightening, and these industries have layout opportunities\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-07-26 15:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>This article is sourced from<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>research</p><p>Abstract</p><p><b>Market liquidity is beginning to tighten, and it is expected that the extreme differentiation of the sector will end ahead of schedule. However, the risk of substantial correction of the market as a whole is very low, and the stable and positive macro fundamentals support the rebalancing structure. The growth sector rotates from a high track to a low level, and some consumption and pharmaceutical industries have the value of left-side layout.</b></p><p>First of all, recently, the inflow of incremental funds in the market has slowed down, the positions of active investors in the market have quickly approached the high point at the beginning of the year, and the stock funds have been adjusted in panic, and the subsequent adjustment effect has tended to weaken. For the first time this year, allocation-type foreign capital continued to flow out of the new energy sector and into the consumption sector.</p><p>Secondly, the liquidity at the macro level is still loose, the market impact of the collapse of the group is weaker than that in the first quarter, and the macroeconomic driving forces and bright spots still exist in the second half of the year. The fundamentals support the rebalancing of the market structure, and the negative expectations of traditional core assets have been fully reflected. There is room for valuation repair in the rebalancing process.</p><p>At the allocation level, \"high cutting low\" will become the main feature in the process of structural rebalancing, and some consumption and pharmaceutical industries with a boom recovery currently have left-side allocation value.</p><p><b>Market liquidity is beginning to tighten</b></p><p><b>It is expected that the extreme differentiation of the sector will end ahead of schedule</b></p><p><b>1) The incremental capital inflow slowed down, and the positions of active investors quickly approached the high point at the beginning of the year.</b>According to the data of Public Offering of Fund's semi-annual report, the net redemption rate of active equity funds was-0.7%/ -4.6% in 1Q21/2Q21 respectively. According to the sample data of our channel survey, the net redemption pressure continued to increase in the first three weeks of July, and the proportion of cumulative net redemption scale to the net stock value of sample funds at the beginning of the month has expanded to about 6.6%.</p><p>ETF products saw net redemption for four consecutive months, with a net redemption rate of 2.0% in the first three weeks of July. In terms of private equity positions, the overall survey positions of small and medium-sized private equity with the highest activity did not observe significant changes in the whole second quarter, but they increased rapidly and significantly in the past two weeks, close to the historical high at the beginning of the year, showing the characteristics of taking the opportunity to enter the market or add positions during the correction of growth track stocks.</p><p>We believe that a large amount of funds may have taken the opportunity to enter the market in every previous callback of the growth manufacturing sector, but at present, the on-site funds that can undertake high-level adjustment have been quickly consumed.</p><p><b>2) Panic adjustment of stock funds, and the effect of subsequent adjustment tends to weaken.</b>Previously, the continuous adjustment of stock funds was also the driving force for the continuous and rapid rise of the high-prosperity growth manufacturing sector. However, last week, the characteristics of panic position adjustment were obvious, and the stock funds have begun to sell off industries and stocks with equal prosperity in consumption, medicine and other sectors.</p><p>High-prosperity sectors that institutional investors might otherwise hold firmly in the face of headwinds, such as floor sweeping<a href=\"https://laohu8.com/S/300024\">Robot</a>The cumulative average decline of medical beauty and sub-high-end liquor on Thursday and Friday reached-11.3%, -7.6% and-4.9% respectively, far exceeding CSI 300.</p><p>The accumulated net outflow of southbound funds last week reached 17.3 billion yuan, close to the peak of the year in March this year, and reduced the holdings of clothing leaders with very high prosperity, such as<a href=\"https://laohu8.com/S/02020\">ANTA Sports</a>Last week, the net outflow was HK$550 million, a cumulative decline of 9.0%,<a href=\"https://laohu8.com/S/02331\">Li Ning</a>From Wednesday to Friday, the cumulative net outflow was HK$290 million, a decline of 9.6%.</p><p>From the perspective of transaction, the strongest sector has also made up for its decline, which means that the capital diversion effect of the growth manufacturing sector is coming to an end.</p><p><b>3) For the first time in 14 months, long-term allocation foreign capital continued to flow out of the new energy sector and into the consumption sector.</b>Long-term allocation foreign capital has only continuously increased its holdings of power equipment and new energy sector since 2020. At the end of 2019, the market value of foreign capital in this sector was less than 30 billion, accounting for only 2.7% of the total positions of northbound funds, but at present it has reached 11.7%, making it the second largest heavy-duty industry after food and beverage.</p><p>Even in the process of the market surging and then calling back in the first quarter of this year, allocation-oriented foreign capital continued to reduce its holdings of food and beverage (with a net outflow of 10.7 billion in January alone), but it still netted into the new electricity sector, with a net inflow of 32.6 billion in the whole first quarter.</p><p>However, in the first three weeks of July, the net outflow of allocation-type foreign capital from the new electricity sector was about-1.4 billion, which had been net inflow for 14 consecutive months before that, and instead added food and beverage (+2.9 billion), home appliances (+1.4 billion) and medicine (+3 billion) and other industries. Although the behavior of allocation-oriented foreign capital is not enough to affect the overall style of the market, it at least shows that some long-term funds in the market with relatively high tolerance for valuation level have begun to adjust their allocation direction on the left side.</p><p><b>The risk of a significant correction in the market as a whole is very low</b></p><p><b>Stable and Improving Macro Fundamentals Support Structure Rebalancing</b></p><p><b>1) The liquidity at the macro level is still loose, and the market impact of the collapse of the group is weaker than that in the first quarter.</b>Internal and external macroeconomic disturbances continued to increase.</p><p>Domestically, the rapid rise in raw material prices in the early stage brought pressure on the operation of small and medium-sized enterprises, local scattered epidemics were frequent, heavy rains and floods in some provinces in Central China and other factors aggravated the market's worries about the economic prospects in the third quarter.</p><p>Overseas, the spread of the Delta variant of COVID-19 has accelerated, and the fiscal stimulus and subsidy measures under the epidemic in the United States will be withdrawn one after another from July, causing the market to worry about the global economic outlook. With inflation data constantly exceeding expectations, the 10-year US Treasury yields once fell below 1.2% this month. The above macro environment is in sharp contrast with the environment of \"strong economy + strong inflation + weak liquidity\" in the first quarter of this year.</p><p>In addition, the long-term prosperity trend and growth space of new energy, semiconductor and other growth manufacturing sectors are much larger than those of traditional core assets. Even if the group collapses in stages, the impact on the market is expected to be far weaker than that in the first quarter.</p><p><b>2) In the second half of the year, the economic driving forces and bright spots still exist, and the fundamentals support the rebalancing of market structure.</b>Despite the temporary disturbances, both consumption and industrial investment were extremely resilient in the second half of the year.</p><p>In the consumption sector, the growth rate of residents' disposable income, especially the wage growth rate of low-and middle-income groups such as migrant workers, continues to pick up, the gradual implementation of consumer finance supervision promotes the continuous recovery of non-housing consumer credit, and the trend of terminal consumption continues to pick up remains unchanged, while suppressive factors such as high base of listed companies and channel destocking are expected to be significantly alleviated in 4Q21.</p><p>In the field of real estate investment, under the current credit environment and financing structure of developers, accelerating the completion of construction and forming cash withdrawal from sales as soon as possible is still the most important way for developers to deleverage. It is expected that the growth rate of new construction and construction and construction investment will not continue to decline in the second half of the year.</p><p>In the field of infrastructure, with the acceleration of the issuance of subsequent local special bonds, infrastructure investment will continue to maintain a steady growth, and it is expected that it will recover to a growth rate of about 3% throughout the year.</p><p>In the manufacturing sector, the continuous large-scale capital expenditure on new energy and semiconductors, as well as the accelerated production delivery of the automobile industry after the supply chain problems are alleviated, will bring the growth rate of manufacturing investment to continue to pick up.</p><p><b>3) The negative expectations of traditional core assets have been fully reflected, and there is room for valuation repair in the rebalancing process.</b></p><p>First of all, at the level of economic expectations, the previous comprehensive RRR cut policy and the recent local scattered epidemic reappeared, combined with the impact of floods, the market has fully responded to the pessimistic expectation of the economy in the second half of the year, but in fact, the driving force and resilience of the economy in the second half of the year still exist.</p><p>Secondly, the credit risk events and related reports of some real estate developers and financial enterprises have made the market fully expect some local credit risks that may appear in the second half of the year, but the tone of the actual policy level is still prudent disposal.</p><p>Finally, from the financial perspective, investors have begun to sell the firmest positions in the consumer sector, which also means that the market's pessimism about traditional core assets has reached the extreme.</p><p>From the perspective of valuation, the overall valuation level of publicly offered non-financial heavyweight stocks has been significantly adjusted in the past two quarters. The static valuation of the top 50 non-financial heavyweight stocks has dropped from 73.9 times at the end of the first quarter to 42.0 times at the end of the second quarter, and recovered to the level between 4Q19 and 1Q20. The space for valuation repair has gradually emerged.</p><p><b>Growth sector rotates from high track to low</b></p><p><b>Some consumer and pharmaceutical industries have left-side layout value</b></p><p><b>1) \"High cut low\" will become the main feature during structural rebalancing.</b>Under the constraints of market funds, we believe that the extreme differentiation of the sector will end ahead of schedule, and the growth manufacturing sector has quickly overdrawn the market of the semi-annual report season ahead of schedule.</p><p>However, it takes time to repair the structural problems of the overall economy, and the short-term lack of rotation relay plates prolongs the time for the market to transition from a quiet period to a resonant upward period. At this stage, the structural rebalancing of the market is the main feature.</p><p>In terms of configuration, it is recommended to shift from the high-level track in the growth manufacturing sector to the relatively low-level track, such as military industry; And we can consider gradually laying out the consumption and pharmaceutical sectors with very sufficient current valuation adjustment on the left side.</p><p><b>2) Some consumption and pharmaceutical industries that have recovered from the boom currently have left-side allocation value.</b>In the consumption sector, the sub-industries with high prosperity and improved supply-side structure can fully support the current demand for high-growth varieties.</p><p>Specifically, it is recommended to pay attention to the general trend of benefit inventory clearance, industry pattern optimization and national tide rise<b>clothing</b>Benefiting from the continuous high growth of high-end consumer demand and the clearance of small and medium-sized brands,<b>Jewelry</b>Benefiting from the sustained high growth of mid-to high-end products<b>Beer</b>Benefiting from the replenishment of demand, consumption upgrade and accelerated nationalization of sub-high-end liquor, the industry continued to explode with high growth.<b>Medical aesthetics</b>Significant adjustment due to transaction-level factors<b>Service Robot</b>As well as the domestic model structure driving profound changes on the supply side after the core shortage problem is alleviated<b>automobile</b>。</p><p>In the field of medicine, we recommend continuing to suggest attention<b>CXO, vaccines, pharmaceutical equipment, devices</b>And<b>Medical services</b>Opportunities in the field. In the post-epidemic era, the just-needed attributes of the pharmaceutical sector have been very clear. Combined with the advance valuation switching of high-growth and high-valuation companies in the second half of the year, highly cost-effective layout opportunities have emerged.</p><p><b>Risk Factors</b></p><p>The global epidemic has repeated, and vaccination has fallen short of expectations; The progress of domestic economic recovery is less than expected; Macro liquidity at home and abroad tightened more than expected.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/webapp/details.html?id=78391&type=news\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9d63c717f200491b518556e2de79a967","relate_stocks":{},"source_url":"https://xnews.jin10.com/webapp/details.html?id=78391&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154956709","content_text":"本文来源于中信证券研究\n摘要\n市场流动性开始趋紧，预计板块极致分化提前终结，但市场整体大幅修正风险很低，稳中向好的宏观基本面支撑结构再平衡，成长板块从高位赛道轮动到低位，部分消费和医药行业具备左侧布局价值。\n首先，近期市场增量资金流入趋缓，场内活跃投资者仓位快速接近年初高点，存量资金恐慌性调仓，后续调仓效应趋于减弱，配置型外资年内首次持续流出新能源板块，流入消费板块。\n其次，宏观层面流动性仍然宽松，抱团瓦解的市场冲击弱于一季度，下半年宏观经济驱动力和亮点犹存，基本面支撑市场结构再平衡，传统核心资产负面预期已充分反映，再平衡过程中有估值修复空间。\n配置层面，结构再平衡过程中“高切低”将成为主要特征，部分景气回升的消费和医药行业当前就具备左侧配置价值。\n市场流动性开始趋紧\n预计板块极致分化提前终结\n1）增量资金流入趋缓，活跃投资者仓位快速接近年初高点。根据公募基金半年报数据，主动权益类基金净申赎率在1Q21/2Q21分别为-0.7%/-4.6%，而根据我们渠道调研的样本数据，7月前三周净赎回压力继续加大，累计净赎回规模占月初样本基金的存量净值的比例已经扩大到6.6%左右。\nETF产品则出现连续四个月净赎回，7月前三周净赎回率达到2.0%。私募机构仓位方面，活跃度最高的中小型私募整体调查仓位在整个二季度没有观察到明显变动，但在过去两周却快速大幅提升，接近年初的历史高点，呈现出成长赛道股回调过程中借机入场或者加仓的特征。\n我们认为此前成长制造板块的每一次回调可能都存在大量资金借机入场，但当下能够承接高位调整的场内资金已经迅速被消耗。\n2）存量资金恐慌性调仓，后续调仓效应趋于减弱。此前存量资金的持续调仓也是推动高景气成长制造板块持续快速上涨的动力。但上周恐慌性调仓特征明显，存量资金已经开始抛售消费、医药等板块同样高景气的行业和个股。\n原本机构投资者可能在逆风时也会坚定持有的高景气行业，如扫地机器人、医美和次高端白酒，在周四、周五两个交易日累计平均跌幅分别达到-11.3%、-7.6%和-4.9%，远超沪深300。\n南向资金上周累计净流出规模达到173亿元，接近今年3月份的年内峰值，并减持景气度非常高的服装龙头，例如安踏体育在上周净流出5.5亿港元，累计下跌9.0%，李宁上周三至周五累计净流出2.9亿港元，跌幅达到9.6%。\n从交易层面看，最强势板块也出现补跌，意味着成长制造板块的资金分流效应已经接近尾声。\n3）长线配置型外资14个月以来首次持续流出新能源板块，流入消费板块。长线配置型外资自2020年才开始持续增持电力设备和新能源板块，2019年末时该板块外资持股市值不足300亿，仅占北上资金总持仓的2.7%，但在当前已经达到11.7%，是仅次于食品饮料的第二大重仓行业。\n即便在今年一季度市场冲高再回调的过程中，配置型外资持续减持食品饮料（仅1月就净流出107亿），但依旧净流入电新板块，整个一季度净流入326亿。\n但7月前三周，配置型外资净流出电新板块约-14亿，而此之前已连续净流入14个月，并转而增配食品饮料（+29亿）、家电（+14亿）和医药（+30亿）等行业。配置型外资的行为虽然不足以影响市场整体风格，但至少说明市场中部分对估值水平容忍度相对较高的长线资金已经开始左侧调整配置方向。\n市场整体大幅修正风险很低\n稳中向好的宏观基本面支撑结构再平衡\n1）宏观层面流动性仍然宽松，抱团瓦解的市场冲击弱于一季度。内外部宏观经济扰动因素持续增多。\n国内来看，前期原材料价格快速上涨带来中小企业经营压力，局部散点疫情多发，华中部分省份暴雨洪灾等多方因素加剧了市场对三季度经济前景的担忧。\n海外来看，新冠病毒Delta变种加速扩散，美国疫情下的财政刺激和补助措施从7月开始将陆续退出，引发市场对全球经济前景的担忧，在通胀数据不断超预期情况下10年期美债利率本月一度跌破1.2%。上述宏观环境与今年一季度的“强经济+强通胀+弱流动性”的环境形成鲜明对比。\n此外，新能源、半导体等成长制造板块长期景气趋势和成长空间远大于传统核心资产，即便阶段性抱团瓦解，对于市场的影响预计也远弱于一季度。\n2）下半年经济驱动力和亮点犹存，基本面支撑市场结构再平衡。尽管存在暂时性扰动，但下半年消费和工业投资都有极强的韧性。\n消费领域，居民可支配收入增速，尤其是农民工等中低收入群体工资增速持续回升，消费金融监管逐步落地推动非住房消费信贷持续恢复，终端消费持续回暖的趋势不变，而上市公司层面高基数、渠道去库等压制因素预计在4Q21得到明显缓解。\n地产投资领域，在当前的信用环境和开发商融资结构下，加速施工竣工，尽快形成销售回笼现金，依旧是开发商去杠杆的最主要方式，预计新开工和建安投资增速下半年不会持续下滑。\n基建领域，随着后续地方专项债的发行加快，基建投资将继续保持稳定增长，预计全年能够恢复到3%左右的增速。\n制造业领域，新能源和半导体的持续大规模资本开支，以及汽车行业在供应链问题缓解后加速成产交付，都将带来制造业投资增速持续回升。\n3）传统核心资产的负面预期已充分反映，再平衡过程中有估值修复空间。\n首先，经济预期层面，前期全面降准政策、近期局部散点疫情再次出现，叠加洪灾影响，市场对下半年经济偏悲观的预期已经充分反应，但实际上下半年经济驱动力和韧性犹存。\n其次，部分地产开发商以及金融企业的信用风险事件和相关报道已经让市场对下半年可能出现的一些局部信用风险有充分预期，但实际政策层面的基调依然是稳妥处置。\n最后，从资金层面来看，投资者已经开始抛售消费板块当中最坚定的持仓，也意味着市场对于传统核心资产的悲观情绪已经达到极致。\n从估值层面来看，公募非金融重仓股的整体估值水平在过去两个季度已较为显著地调整，前50大非金融重仓股的静态估值已经从一季度末的73.9倍下滑至二季度末的42.0倍，恢复至4Q19-1Q20之间的水平，估值修复的空间已经逐步显现。\n成长板块从高位赛道轮动到低位\n部分消费和医药行业具备左侧布局价值\n1）结构再平衡过程中“高切低”将成为主要特征。在市场资金层面的约束下，我们认为板块极致分化将提前终结，成长制造板块抱团提前快速透支了半年报季的行情。\n然而，整体经济结构性问题的修复需要时间，短期缺乏轮动接力板块，延长了市场从平静期向共振上行期转换阶段的时间。在这个阶段，市场的结构再平衡就是主要特征。\n在配置上，建议从成长制造板块里高位的赛道转向相对低位的赛道，如军工；并可以考虑逐步左侧布局当下估值调整非常充分的消费和医药板块。\n2）部分景气回升的消费和医药行业当前就具备左侧配置价值。消费领域，高景气和供应端结构改善的细分行业完全可以支撑当下资金对高增长品种的需求。\n具体而言，建议关注受益库存出清、行业格局优化和国潮崛起大趋势的服装，受益高端消费需求持续高增以及中小品牌出清的珠宝饰品，受益中高端产品持续高增长的啤酒，受益需求回补、消费升级和全国化加速的次高端白酒，行业持续爆发式高增长的医美，因交易层面因素大幅调整的服务机器人，以及缺芯问题缓解后车型结构推动供给端深刻变化的国产汽车。\n医药领域，我们建议继续建议关注CXO、疫苗、制药设备、器械和医疗服务领域的机会。疫情后时代医药板块的刚需属性已经非常明确，结合下半年高成长性高估值公司的提前估值切换，已经出现极具性价比的布局机会。\n风险因素\n全球疫情反复、疫苗接种不及预期；国内经济复苏进度不及预期；海内外宏观流动性超预期收紧。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1975,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176315607,"gmtCreate":1626861532509,"gmtModify":1703479462966,"author":{"id":"3577013325481265","authorId":"3577013325481265","name":"LLMMYY","avatar":"https://static.tigerbbs.com/0673bd7a83e6b36e742df4a0eec734f4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577013325481265","idStr":"3577013325481265"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176315607","repostId":"2153582617","repostType":4,"isVote":1,"tweetType":1,"viewCount":1715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171881187,"gmtCreate":1626736595949,"gmtModify":1703764052320,"author":{"id":"3577013325481265","authorId":"3577013325481265","name":"LLMMYY","avatar":"https://static.tigerbbs.com/0673bd7a83e6b36e742df4a0eec734f4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577013325481265","idStr":"3577013325481265"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/pos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22:48","market":"us","language":"zh","title":"Apple Stock Keeps Higher, Fresh All-Time High in the Session","url":"https://stock-news.laohu8.com/highlight/detail?id=1128349172","media":"老虎资讯综合","summary":"周五，$苹果(AAPL)$股价开盘后不断走高，截至发稿涨约1.2%，续刷历史高位。总市值超2.42万亿美元。\n\n\n苹果公司庞大的净资产已超过意大利、巴西、加拿大和俄罗斯等国的GDP。事实上，世界上只有7个国家的GDP高于苹果公司市值，意味着这家科技巨头比世界上高达96%的国家更富有。","content":"<p>On Friday,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The stock price kept rising after the opening, rising by about 1.2% as of press time, continuing to brush the historical high. The total market capitalization exceeds $2.42 trillion.</p><p>Apple's massive net worth has exceeded the GDP of countries such as Italy, Brazil, Canada and Russia. The fact that only seven countries in the world have a GDP higher than Apple's market cap means the tech giant is richer than a whopping 96% of the world's countries.</p><p><img src=\"https://static.tigerbbs.com/8c337968fa44608634d4c966c83a6e14\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Keeps Higher, Fresh All-Time High in the Session</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Keeps Higher, Fresh All-Time High in the Session\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-09 22:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Friday,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The stock price kept rising after the opening, rising by about 1.2% as of press time, continuing to brush the historical high. The total market capitalization exceeds $2.42 trillion.</p><p>Apple's massive net worth has exceeded the GDP of countries such as Italy, Brazil, Canada and Russia. The fact that only seven countries in the world have a GDP higher than Apple's market cap means the tech giant is richer than a whopping 96% of the world's countries.</p><p><img src=\"https://static.tigerbbs.com/8c337968fa44608634d4c966c83a6e14\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c79d9ba94a347164a5cd3ec1bac06488","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128349172","content_text":"周五，苹果股价开盘后不断走高，截至发稿涨约1.2%，续刷历史高位。总市值超2.42万亿美元。\n苹果公司庞大的净资产已超过意大利、巴西、加拿大和俄罗斯等国的GDP。事实上，世界上只有7个国家的GDP高于苹果公司市值，意味着这家科技巨头比世界上高达96%的国家更富有。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140897036,"gmtCreate":1625644745225,"gmtModify":1703745522358,"author":{"id":"3577013325481265","authorId":"3577013325481265","name":"LLMMYY","avatar":"https://static.tigerbbs.com/0673bd7a83e6b36e742df4a0eec734f4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577013325481265","idStr":"3577013325481265"},"themes":[],"htmlText":"up?up","listText":"up?up","text":"up?up","images":[{"img":"https://static.tigerbbs.com/7b9a7d92a68e6c072291c86b17216970","width":"1080","height":"2391"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140897036","isVote":1,"tweetType":1,"viewCount":2349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}