JLX的个人主页 - 老虎社区

JLX

JLX

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2021-10-19

$Altimeter Growth Corp.(AGC)$Is it gonna happen in year end ?

2021-10-17

$BlackBerry(BB)$Sad

2021-10-13

$Tiger Brokers(TIGR)$can

2021-10-04

$Altimeter Growth Corp.(AGC)$Ok

2021-10-03

$FB 20211008 290.0 PUT(FB)$Ok

2021-10-03

$Tiger Brokers(TIGR)$Ok

2021-09-30

$Alzamend Neuro, Inc(ALZN)$Sad

2021-09-30

Any lower

2021-09-29

$BlackBerry(BB)$Sad!

2021-09-24

$Altimeter Growth Corp.(AGC)$Seizzzz

2021-03-23

好

This High-Yield Dividend Stock Might Be in Trouble

2021-03-05

Scae[微笑]

Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface

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11:56","market":"us","language":"en","title":"This High-Yield Dividend Stock Might Be in Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=1185868278","media":"fool","summary":"Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYS","content":"<p>Real estate investment trusts (REITs) are known for their high-yield dividends, and<b>The GEO Group</b>(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.</p>\n<p>That might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.</p>\n<p><b>The hits keep on coming</b></p>\n<p>Last year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.</p>\n<p>According to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.</p>\n<p>On top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.</p>\n<p>The order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.</p>\n<p>Looking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/8ccfe516df8184f834d5e735cc660d07\" tg-width=\"700\" tg-height=\"415\" referrerpolicy=\"no-referrer\"></p>\n<p>IMAGE SOURCE: THE GEO GROUP</p>\n<p>Even before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.</p>\n<p>In March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.</p>\n<p><b>The dividend may be safe, but the share price not so much</b></p>\n<p>You have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.</p>\n<p>While the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.</p>\n<p>The company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.</p>\n<p>REITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.</p>\n<p><b>GEO Group is fighting against trends</b></p>\n<p>Unlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.</p>\n<p>The difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.</p>\n<p>To some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.</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>This High-Yield Dividend Stock Might Be in Trouble</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\">\nThis High-Yield Dividend Stock Might Be in Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185868278","content_text":"Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.\nThat might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.\nThe hits keep on coming\nLast year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.\nAccording to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.\nOn top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.\nThe order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.\nLooking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.\n\nIMAGE SOURCE: THE GEO GROUP\nEven before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.\nIn March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.\nThe dividend may be safe, but the share price not so much\nYou have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.\nWhile the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.\nThe company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.\nREITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.\nGEO Group is fighting against trends\nUnlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.\nThe difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.\nTo some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":367601565,"gmtCreate":1614940228757,"gmtModify":1703483218424,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Scae[微笑]&nbsp;","listText":"Scae[微笑]&nbsp;","text":"Scae[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367601565","repostId":"1145536641","repostType":4,"repost":{"id":"1145536641","pubTimestamp":1614937984,"share":"https://www.laohu8.com/m/news/1145536641?lang=&edition=full","pubTime":"2021-03-05 17:53","market":"us","language":"en","title":"Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface","url":"https://stock-news.laohu8.com/highlight/detail?id=1145536641","media":"marketwatch","summary":"Rotation pushes Nasdaq into correction territory as bond yields continue rise.\n\nNever mind the hasht","content":"<blockquote>\n <b>Rotation pushes Nasdaq into correction territory as bond yields continue rise.</b>\n</blockquote>\n<p>Never mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last March’s pandemic-inspired selloff, much less the global financial crisis of 2008, the dot-com bubble burst in 2000 or October 1987 would recall.</p>\n<p>But a rotation away from the market’s pandemic-era leaders, inspired by a sudden jump in bond yields, certainly does appear to be underway, and volatility can be unsettling to some investors.</p>\n<p>That could help explain why the term #stockmarketcrash was trending on Twitter Thursday, even though the Dow Jones Industrial Average DJIA and the S&amp;P 500 SPX remain far from even entering what’s known as a market correction, defined as a pullback of 10% from a recent peak, let alone a crash.</p>\n<p>The question investors should ask before tripping the alarm bells, however, is whether the price action is surprising or out of the ordinary, Brad McMillan, chief investment officer at Commonwealth Financial Network, told MarketWatch in a phone interview.</p>\n<p>And the answer is no, given that a backup in bond yields, which seems to largely reflect increasingly upbeat economic expectations, looks to be the main culprit, McMillan said.</p>\n<p>While the tech-heavy Nasdaq Composite COMP on Thursday entered correction territory, having registered a 10% drop from its recent high point, the Dow Jones Industrial Average DJIA is still just 3.4% below an all-time high set last month. The S&amp;P 500, the large-cap U.S. benchmark, was off less than 5% down from its recent record.</p>\n<p>Thursday’s market weakness echoed the wobble seen last week. Both bouts of selling were sparked by a selloff in the Treasury bond market, which pushed up yields. The yield on the 10-year Treasury note BX:TMUBMUSD10Y, which last week spiked to a more-than-one-year high at 1.6%, pushed back above 1.5% on Thursday. Remarks by Federal Reserve Chairman Jerome Powell seemed not to calm concerns that a potential pickup in inflation could see the central bank begin to scale back monetary stimulus earlier than expected, notwithstanding a pledge to let the economy run hot.</p>\n<p>To keep the day’s moves in perspective, the Nasdaq finished with a loss of 2.1%. The Dow was down more than 700 points at its session low, ending the day with a loss of 345.95 points, or 1%. The S&amp;P 500 shed 1.2%. Those are sharp daily drops, but they are not extraordinary.</p>\n<p>And it’s not unusual for stocks to begin pulling back as yields begin to rise, McMillan noted. It’s also not surprising that highflying growth stocks, which have seen valuations stretched in the post-pandemic rally, bear the brunt of the selling pressure.</p>\n<p>Investors appear to be taking profits on those highfliers and using the proceeds to buy stocks of companies in sectors more sensitive to the economic cycle.</p>\n<p>While rising yields can be a positive sign in the early stages of a bull market, signaling stronger economic growth ahead, the market rotation can be unnerving for investors, said Lindsey Bell, chief investment strategist for Ally Invest, in a note.</p>\n<p>“And higher yields tend to hit highfliers harder. That’s why we’ve seen stocks like Tesla TSLA and Peloton PTON fall more than 30% this year,” she said.</p>\n<p>Indeed, the outsize weighting of tech- and tech-related shares in major indexes can leave them vulnerable to weakness as that process takes hold.</p>\n<p>The price action of mega technology and discretionary stocks — Apple Inc. AAPL, Microsoft Corp. MSFT, Amazon.com Inc. AMZN, Facebook Inc. FB, Google parent Alphabet Inc. GOOG GOOGL, Tesla Inc. and Nvidia Corp. NVDA — now make up 24% of the S&amp;P 500, noted technical analyst Mark Arbeter, president of Arbeter Investments.</p>\n<p>“The weakness in large-cap tech has been weighing on the broad market averages, sparking concerns of a market top and the end of the cycle. From our perspective, breadth remains strong, a characteristic that is typically not present at market tops,” said Kevin Dempter, an analyst at Renaissance Macro Research, in a Thursday note.</p>\n<p>Small-cap discretionary stocks are at absolute highs, as well as multiyear highs relative to large-cap discretionary stocks, he said, which is a sign of broad-based participation. Trends are also strong for sectors, like energy and banks, that tend to be winners in higher-yield environments, while more economically sensitive groups like transports and services are also benefiting.</p>\n<p>“Rather than a market top, we think this is rotational in nature with limited downside and going forward we want to be overweight high yield winners like banks and energy as there is likely further outperformance in these groups to come,” Dempter wrote.</p>\n<p>So what about that crash? After the recent bond-inspired hiccups, the Dow and S&amp;P 500 remain far from correction territory, much less a bear market, which is defined as a 20% drop from a recent peak.</p>\n<p>Not all bear markets are the product of a crash. And crash, itself, is a more nebulous term, implying a sudden and sharp fall. Some analysts define a crash as a one-day drop of 5% or more. Others see a typical crash as a sudden, sharp drop that takes the market into a bear market and beyond in a matter of a few sessions.</p>\n<p>That was the case last year as it became apparent the COVID-19 pandemic would bring the U.S. and global economy to a near halt. The S&amp;P 500 plunged from a record close on Feb. 19, dropping around 34% before bottoming on March 23.</p>\n<p>Since those March lows, the S&amp;P 500 remains up nearly 72%, while the Dow has rallied nearly 70%. And even with its recent pullback, the Nasdaq remains up more than 90% over that stretch.</p>","source":"market_watch","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>Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface</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\">\nStock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-crash-no-but-a-rotation-away-from-u-s-tech-stocks-is-shaking-up-some-investors-11614888386?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rotation pushes Nasdaq into correction territory as bond yields continue rise.\n\nNever mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-crash-no-but-a-rotation-away-from-u-s-tech-stocks-is-shaking-up-some-investors-11614888386?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stock-market-crash-no-but-a-rotation-away-from-u-s-tech-stocks-is-shaking-up-some-investors-11614888386?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1145536641","content_text":"Rotation pushes Nasdaq into correction territory as bond yields continue rise.\n\nNever mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last March’s pandemic-inspired selloff, much less the global financial crisis of 2008, the dot-com bubble burst in 2000 or October 1987 would recall.\nBut a rotation away from the market’s pandemic-era leaders, inspired by a sudden jump in bond yields, certainly does appear to be underway, and volatility can be unsettling to some investors.\nThat could help explain why the term #stockmarketcrash was trending on Twitter Thursday, even though the Dow Jones Industrial Average DJIA and the S&P 500 SPX remain far from even entering what’s known as a market correction, defined as a pullback of 10% from a recent peak, let alone a crash.\nThe question investors should ask before tripping the alarm bells, however, is whether the price action is surprising or out of the ordinary, Brad McMillan, chief investment officer at Commonwealth Financial Network, told MarketWatch in a phone interview.\nAnd the answer is no, given that a backup in bond yields, which seems to largely reflect increasingly upbeat economic expectations, looks to be the main culprit, McMillan said.\nWhile the tech-heavy Nasdaq Composite COMP on Thursday entered correction territory, having registered a 10% drop from its recent high point, the Dow Jones Industrial Average DJIA is still just 3.4% below an all-time high set last month. The S&P 500, the large-cap U.S. benchmark, was off less than 5% down from its recent record.\nThursday’s market weakness echoed the wobble seen last week. Both bouts of selling were sparked by a selloff in the Treasury bond market, which pushed up yields. The yield on the 10-year Treasury note BX:TMUBMUSD10Y, which last week spiked to a more-than-one-year high at 1.6%, pushed back above 1.5% on Thursday. Remarks by Federal Reserve Chairman Jerome Powell seemed not to calm concerns that a potential pickup in inflation could see the central bank begin to scale back monetary stimulus earlier than expected, notwithstanding a pledge to let the economy run hot.\nTo keep the day’s moves in perspective, the Nasdaq finished with a loss of 2.1%. The Dow was down more than 700 points at its session low, ending the day with a loss of 345.95 points, or 1%. The S&P 500 shed 1.2%. Those are sharp daily drops, but they are not extraordinary.\nAnd it’s not unusual for stocks to begin pulling back as yields begin to rise, McMillan noted. It’s also not surprising that highflying growth stocks, which have seen valuations stretched in the post-pandemic rally, bear the brunt of the selling pressure.\nInvestors appear to be taking profits on those highfliers and using the proceeds to buy stocks of companies in sectors more sensitive to the economic cycle.\nWhile rising yields can be a positive sign in the early stages of a bull market, signaling stronger economic growth ahead, the market rotation can be unnerving for investors, said Lindsey Bell, chief investment strategist for Ally Invest, in a note.\n“And higher yields tend to hit highfliers harder. That’s why we’ve seen stocks like Tesla TSLA and Peloton PTON fall more than 30% this year,” she said.\nIndeed, the outsize weighting of tech- and tech-related shares in major indexes can leave them vulnerable to weakness as that process takes hold.\nThe price action of mega technology and discretionary stocks — Apple Inc. AAPL, Microsoft Corp. MSFT, Amazon.com Inc. AMZN, Facebook Inc. FB, Google parent Alphabet Inc. GOOG GOOGL, Tesla Inc. and Nvidia Corp. NVDA — now make up 24% of the S&P 500, noted technical analyst Mark Arbeter, president of Arbeter Investments.\n“The weakness in large-cap tech has been weighing on the broad market averages, sparking concerns of a market top and the end of the cycle. From our perspective, breadth remains strong, a characteristic that is typically not present at market tops,” said Kevin Dempter, an analyst at Renaissance Macro Research, in a Thursday note.\nSmall-cap discretionary stocks are at absolute highs, as well as multiyear highs relative to large-cap discretionary stocks, he said, which is a sign of broad-based participation. Trends are also strong for sectors, like energy and banks, that tend to be winners in higher-yield environments, while more economically sensitive groups like transports and services are also benefiting.\n“Rather than a market top, we think this is rotational in nature with limited downside and going forward we want to be overweight high yield winners like banks and energy as there is likely further outperformance in these groups to come,” Dempter wrote.\nSo what about that crash? After the recent bond-inspired hiccups, the Dow and S&P 500 remain far from correction territory, much less a bear market, which is defined as a 20% drop from a recent peak.\nNot all bear markets are the product of a crash. And crash, itself, is a more nebulous term, implying a sudden and sharp fall. Some analysts define a crash as a one-day drop of 5% or more. Others see a typical crash as a sudden, sharp drop that takes the market into a bear market and beyond in a matter of a few sessions.\nThat was the case last year as it became apparent the COVID-19 pandemic would bring the U.S. and global economy to a near halt. The S&P 500 plunged from a record close on Feb. 19, dropping around 34% before bottoming on March 23.\nSince those March lows, the S&P 500 remains up nearly 72%, while the Dow has rallied nearly 70%. And even with its recent pullback, the Nasdaq remains up more than 90% over that stretch.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":867661669,"gmtCreate":1633255099492,"gmtModify":1633255099946,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Ok","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Ok","text":"$Tiger Brokers(TIGR)$Ok","images":[{"img":"https://static.tigerbbs.com/340a47bb0e0ac8a119c5546dccf076cd","width":"1125","height":"2548"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867661669","isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":862777268,"gmtCreate":1632920981286,"gmtModify":1632920981734,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Sad!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Sad!","text":"$BlackBerry(BB)$Sad!","images":[{"img":"https://static.tigerbbs.com/7ea2339d06d3a558fda2dc2e64668231","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/862777268","isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":353146290,"gmtCreate":1616474062810,"gmtModify":1634525633064,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"好","listText":"好","text":"好","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353146290","repostId":"1185868278","repostType":4,"repost":{"id":"1185868278","pubTimestamp":1616471796,"share":"https://www.laohu8.com/m/news/1185868278?lang=&edition=full","pubTime":"2021-03-23 11:56","market":"us","language":"en","title":"This High-Yield Dividend Stock Might Be in Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=1185868278","media":"fool","summary":"Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYS","content":"<p>Real estate investment trusts (REITs) are known for their high-yield dividends, and<b>The GEO Group</b>(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.</p>\n<p>That might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.</p>\n<p><b>The hits keep on coming</b></p>\n<p>Last year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.</p>\n<p>According to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.</p>\n<p>On top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.</p>\n<p>The order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.</p>\n<p>Looking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/8ccfe516df8184f834d5e735cc660d07\" tg-width=\"700\" tg-height=\"415\" referrerpolicy=\"no-referrer\"></p>\n<p>IMAGE SOURCE: THE GEO GROUP</p>\n<p>Even before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.</p>\n<p>In March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.</p>\n<p><b>The dividend may be safe, but the share price not so much</b></p>\n<p>You have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.</p>\n<p>While the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.</p>\n<p>The company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.</p>\n<p>REITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.</p>\n<p><b>GEO Group is fighting against trends</b></p>\n<p>Unlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.</p>\n<p>The difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.</p>\n<p>To some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.</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>This High-Yield Dividend Stock Might Be in Trouble</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\">\nThis High-Yield Dividend Stock Might Be in Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185868278","content_text":"Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.\nThat might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.\nThe hits keep on coming\nLast year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.\nAccording to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.\nOn top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.\nThe order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.\nLooking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.\n\nIMAGE SOURCE: THE GEO GROUP\nEven before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.\nIn March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.\nThe dividend may be safe, but the share price not so much\nYou have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.\nWhile the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.\nThe company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.\nREITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.\nGEO Group is fighting against trends\nUnlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.\nThe difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.\nTo some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822644393,"gmtCreate":1634131419010,"gmtModify":1634131419141,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>can&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>can&nbsp;","text":"$Tiger Brokers(TIGR)$can","images":[{"img":"https://static.tigerbbs.com/728f1a797f920c743aa350434a2f5b21","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822644393","isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":859060134,"gmtCreate":1634639803961,"gmtModify":1634639804443,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Is it gonna happen in year end ?","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Is it gonna happen in year end ?","text":"$Altimeter Growth Corp.(AGC)$Is it gonna happen in year end 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PUT(FB)$Ok","images":[{"img":"https://static.tigerbbs.com/9ae5464f7846b99b353c274ccb2eda15","width":"1125","height":"2344"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867661518","isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":367601565,"gmtCreate":1614940228757,"gmtModify":1703483218424,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Scae[微笑]&nbsp;","listText":"Scae[微笑]&nbsp;","text":"Scae[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367601565","repostId":"1145536641","repostType":4,"repost":{"id":"1145536641","pubTimestamp":1614937984,"share":"https://www.laohu8.com/m/news/1145536641?lang=&edition=full","pubTime":"2021-03-05 17:53","market":"us","language":"en","title":"Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface","url":"https://stock-news.laohu8.com/highlight/detail?id=1145536641","media":"marketwatch","summary":"Rotation pushes Nasdaq into correction territory as bond yields continue rise.\n\nNever mind the hasht","content":"<blockquote>\n <b>Rotation pushes Nasdaq into correction territory as bond yields continue rise.</b>\n</blockquote>\n<p>Never mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last March’s pandemic-inspired selloff, much less the global financial crisis of 2008, the dot-com bubble burst in 2000 or October 1987 would recall.</p>\n<p>But a rotation away from the market’s pandemic-era leaders, inspired by a sudden jump in bond yields, certainly does appear to be underway, and volatility can be unsettling to some investors.</p>\n<p>That could help explain why the term #stockmarketcrash was trending on Twitter Thursday, even though the Dow Jones Industrial Average DJIA and the S&amp;P 500 SPX remain far from even entering what’s known as a market correction, defined as a pullback of 10% from a recent peak, let alone a crash.</p>\n<p>The question investors should ask before tripping the alarm bells, however, is whether the price action is surprising or out of the ordinary, Brad McMillan, chief investment officer at Commonwealth Financial Network, told MarketWatch in a phone interview.</p>\n<p>And the answer is no, given that a backup in bond yields, which seems to largely reflect increasingly upbeat economic expectations, looks to be the main culprit, McMillan said.</p>\n<p>While the tech-heavy Nasdaq Composite COMP on Thursday entered correction territory, having registered a 10% drop from its recent high point, the Dow Jones Industrial Average DJIA is still just 3.4% below an all-time high set last month. The S&amp;P 500, the large-cap U.S. benchmark, was off less than 5% down from its recent record.</p>\n<p>Thursday’s market weakness echoed the wobble seen last week. Both bouts of selling were sparked by a selloff in the Treasury bond market, which pushed up yields. The yield on the 10-year Treasury note BX:TMUBMUSD10Y, which last week spiked to a more-than-one-year high at 1.6%, pushed back above 1.5% on Thursday. Remarks by Federal Reserve Chairman Jerome Powell seemed not to calm concerns that a potential pickup in inflation could see the central bank begin to scale back monetary stimulus earlier than expected, notwithstanding a pledge to let the economy run hot.</p>\n<p>To keep the day’s moves in perspective, the Nasdaq finished with a loss of 2.1%. The Dow was down more than 700 points at its session low, ending the day with a loss of 345.95 points, or 1%. The S&amp;P 500 shed 1.2%. Those are sharp daily drops, but they are not extraordinary.</p>\n<p>And it’s not unusual for stocks to begin pulling back as yields begin to rise, McMillan noted. It’s also not surprising that highflying growth stocks, which have seen valuations stretched in the post-pandemic rally, bear the brunt of the selling pressure.</p>\n<p>Investors appear to be taking profits on those highfliers and using the proceeds to buy stocks of companies in sectors more sensitive to the economic cycle.</p>\n<p>While rising yields can be a positive sign in the early stages of a bull market, signaling stronger economic growth ahead, the market rotation can be unnerving for investors, said Lindsey Bell, chief investment strategist for Ally Invest, in a note.</p>\n<p>“And higher yields tend to hit highfliers harder. That’s why we’ve seen stocks like Tesla TSLA and Peloton PTON fall more than 30% this year,” she said.</p>\n<p>Indeed, the outsize weighting of tech- and tech-related shares in major indexes can leave them vulnerable to weakness as that process takes hold.</p>\n<p>The price action of mega technology and discretionary stocks — Apple Inc. AAPL, Microsoft Corp. MSFT, Amazon.com Inc. AMZN, Facebook Inc. FB, Google parent Alphabet Inc. GOOG GOOGL, Tesla Inc. and Nvidia Corp. NVDA — now make up 24% of the S&amp;P 500, noted technical analyst Mark Arbeter, president of Arbeter Investments.</p>\n<p>“The weakness in large-cap tech has been weighing on the broad market averages, sparking concerns of a market top and the end of the cycle. From our perspective, breadth remains strong, a characteristic that is typically not present at market tops,” said Kevin Dempter, an analyst at Renaissance Macro Research, in a Thursday note.</p>\n<p>Small-cap discretionary stocks are at absolute highs, as well as multiyear highs relative to large-cap discretionary stocks, he said, which is a sign of broad-based participation. Trends are also strong for sectors, like energy and banks, that tend to be winners in higher-yield environments, while more economically sensitive groups like transports and services are also benefiting.</p>\n<p>“Rather than a market top, we think this is rotational in nature with limited downside and going forward we want to be overweight high yield winners like banks and energy as there is likely further outperformance in these groups to come,” Dempter wrote.</p>\n<p>So what about that crash? After the recent bond-inspired hiccups, the Dow and S&amp;P 500 remain far from correction territory, much less a bear market, which is defined as a 20% drop from a recent peak.</p>\n<p>Not all bear markets are the product of a crash. And crash, itself, is a more nebulous term, implying a sudden and sharp fall. Some analysts define a crash as a one-day drop of 5% or more. Others see a typical crash as a sudden, sharp drop that takes the market into a bear market and beyond in a matter of a few sessions.</p>\n<p>That was the case last year as it became apparent the COVID-19 pandemic would bring the U.S. and global economy to a near halt. The S&amp;P 500 plunged from a record close on Feb. 19, dropping around 34% before bottoming on March 23.</p>\n<p>Since those March lows, the S&amp;P 500 remains up nearly 72%, while the Dow has rallied nearly 70%. And even with its recent pullback, the Nasdaq remains up more than 90% over that stretch.</p>","source":"market_watch","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>Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface</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\">\nStock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stock-market-crash-no-but-a-rotation-away-from-u-s-tech-stocks-is-shaking-up-some-investors-11614888386?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rotation pushes Nasdaq into correction territory as bond yields continue rise.\n\nNever mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-crash-no-but-a-rotation-away-from-u-s-tech-stocks-is-shaking-up-some-investors-11614888386?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stock-market-crash-no-but-a-rotation-away-from-u-s-tech-stocks-is-shaking-up-some-investors-11614888386?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1145536641","content_text":"Rotation pushes Nasdaq into correction territory as bond yields continue rise.\n\nNever mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last March’s pandemic-inspired selloff, much less the global financial crisis of 2008, the dot-com bubble burst in 2000 or October 1987 would recall.\nBut a rotation away from the market’s pandemic-era leaders, inspired by a sudden jump in bond yields, certainly does appear to be underway, and volatility can be unsettling to some investors.\nThat could help explain why the term #stockmarketcrash was trending on Twitter Thursday, even though the Dow Jones Industrial Average DJIA and the S&P 500 SPX remain far from even entering what’s known as a market correction, defined as a pullback of 10% from a recent peak, let alone a crash.\nThe question investors should ask before tripping the alarm bells, however, is whether the price action is surprising or out of the ordinary, Brad McMillan, chief investment officer at Commonwealth Financial Network, told MarketWatch in a phone interview.\nAnd the answer is no, given that a backup in bond yields, which seems to largely reflect increasingly upbeat economic expectations, looks to be the main culprit, McMillan said.\nWhile the tech-heavy Nasdaq Composite COMP on Thursday entered correction territory, having registered a 10% drop from its recent high point, the Dow Jones Industrial Average DJIA is still just 3.4% below an all-time high set last month. The S&P 500, the large-cap U.S. benchmark, was off less than 5% down from its recent record.\nThursday’s market weakness echoed the wobble seen last week. Both bouts of selling were sparked by a selloff in the Treasury bond market, which pushed up yields. The yield on the 10-year Treasury note BX:TMUBMUSD10Y, which last week spiked to a more-than-one-year high at 1.6%, pushed back above 1.5% on Thursday. Remarks by Federal Reserve Chairman Jerome Powell seemed not to calm concerns that a potential pickup in inflation could see the central bank begin to scale back monetary stimulus earlier than expected, notwithstanding a pledge to let the economy run hot.\nTo keep the day’s moves in perspective, the Nasdaq finished with a loss of 2.1%. The Dow was down more than 700 points at its session low, ending the day with a loss of 345.95 points, or 1%. The S&P 500 shed 1.2%. Those are sharp daily drops, but they are not extraordinary.\nAnd it’s not unusual for stocks to begin pulling back as yields begin to rise, McMillan noted. It’s also not surprising that highflying growth stocks, which have seen valuations stretched in the post-pandemic rally, bear the brunt of the selling pressure.\nInvestors appear to be taking profits on those highfliers and using the proceeds to buy stocks of companies in sectors more sensitive to the economic cycle.\nWhile rising yields can be a positive sign in the early stages of a bull market, signaling stronger economic growth ahead, the market rotation can be unnerving for investors, said Lindsey Bell, chief investment strategist for Ally Invest, in a note.\n“And higher yields tend to hit highfliers harder. That’s why we’ve seen stocks like Tesla TSLA and Peloton PTON fall more than 30% this year,” she said.\nIndeed, the outsize weighting of tech- and tech-related shares in major indexes can leave them vulnerable to weakness as that process takes hold.\nThe price action of mega technology and discretionary stocks — Apple Inc. AAPL, Microsoft Corp. MSFT, Amazon.com Inc. AMZN, Facebook Inc. FB, Google parent Alphabet Inc. GOOG GOOGL, Tesla Inc. and Nvidia Corp. NVDA — now make up 24% of the S&P 500, noted technical analyst Mark Arbeter, president of Arbeter Investments.\n“The weakness in large-cap tech has been weighing on the broad market averages, sparking concerns of a market top and the end of the cycle. From our perspective, breadth remains strong, a characteristic that is typically not present at market tops,” said Kevin Dempter, an analyst at Renaissance Macro Research, in a Thursday note.\nSmall-cap discretionary stocks are at absolute highs, as well as multiyear highs relative to large-cap discretionary stocks, he said, which is a sign of broad-based participation. Trends are also strong for sectors, like energy and banks, that tend to be winners in higher-yield environments, while more economically sensitive groups like transports and services are also benefiting.\n“Rather than a market top, we think this is rotational in nature with limited downside and going forward we want to be overweight high yield winners like banks and energy as there is likely further outperformance in these groups to come,” Dempter wrote.\nSo what about that crash? After the recent bond-inspired hiccups, the Dow and S&P 500 remain far from correction territory, much less a bear market, which is defined as a 20% drop from a recent peak.\nNot all bear markets are the product of a crash. And crash, itself, is a more nebulous term, implying a sudden and sharp fall. Some analysts define a crash as a one-day drop of 5% or more. Others see a typical crash as a sudden, sharp drop that takes the market into a bear market and beyond in a matter of a few sessions.\nThat was the case last year as it became apparent the COVID-19 pandemic would bring the U.S. and global economy to a near halt. The S&P 500 plunged from a record close on Feb. 19, dropping around 34% before bottoming on March 23.\nSince those March lows, the S&P 500 remains up nearly 72%, while the Dow has rallied nearly 70%. And even with its recent pullback, the Nasdaq remains up more than 90% over that stretch.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820956353,"gmtCreate":1633344961806,"gmtModify":1633344962303,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Ok","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Ok","text":"$Altimeter Growth Corp.(AGC)$Ok","images":[{"img":"https://static.tigerbbs.com/e7631e0561638ac0db5866b231f51387","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820956353","isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":865520101,"gmtCreate":1633003666953,"gmtModify":1633003667409,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Any lower","listText":"Any lower","text":"Any lower","images":[{"img":"https://static.tigerbbs.com/cb54cb379e43d8cf426c879d7f4926ac","width":"1125","height":"2793"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865520101","isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}