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2021-03-05

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2021-03-04

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5 Stocks To Watch For March 4, 2021

2021-03-03

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A Look Into Technology Sector Value Stocks

2021-03-01

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2021-03-01

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Toplines Before US Market Open on Monday

2021-03-01

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Which Companies Are Most At Risk From Surging Yields: Goldman Answers

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17:57","market":"us","language":"en","title":"5 Stocks To Watch For March 4, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1121663617","media":"Benzinga","summary":"Wall Street expects Kroger Co KRto report quarterly earnings at $0.69 per share on revenue of $30.86","content":"<p>Wall Street expects&nbsp;<b>Kroger Co</b>&nbsp;KRto report quarterly earnings at $0.69 per share on revenue of $30.86 billion before the opening bell. 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Kroger shares fell 0.9% to $32.96 in after-hours trading.Marvell ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/03/20002528/5-stocks-to-watch-for-march-4-2021\">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.benzinga.com/news/earnings/21/03/20002528/5-stocks-to-watch-for-march-4-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121663617","content_text":"Wall Street expects Kroger Co KRto report quarterly earnings at $0.69 per share on revenue of $30.86 billion before the opening bell. Kroger shares fell 0.9% to $32.96 in after-hours trading.Marvell Technology Group Ltd. MRVLreported in-line earnings for its fourth quarter, while sales exceeded estimates. Marvell Technology shares dropped 6% to $42.81 in the after-hours trading session.Analysts are expecting Broadcom Inc AVGO to have earned $6.55 per share on revenue of $6.61 billion for the latest quarter. The company will release earnings after the markets close. Broadcom shares fell 0.1% to $462.89 in after-hours trading.Hewlett Packard Enterprise Co HPE reported better-than-expected results for its first quarter and raised its FY21 earnings forecast. Hewlett Packard Enterprise shares dropped 0.5% to $14.49 in the after-hours trading session.Analysts expect Costco Wholesale Corporation COST to post quarterly earnings at $2.45 per share on revenue of $43.78 billion. Costco shares slipped 0.1% to $323.75 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":365884686,"gmtCreate":1614727664845,"gmtModify":1703480312029,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/365884686","repostId":"2116999592","repostType":4,"repost":{"id":"2116999592","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1614697749,"share":"https://www.laohu8.com/m/news/2116999592?lang=&edition=full","pubTime":"2021-03-02 23:09","market":"hk","language":"en","title":"A Look Into Technology Sector Value Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2116999592","media":"Benzinga","summary":"The Meaning Behind Value Stocks\n\nA value stock is traditionally defined in terms of how investors in the marketplace are valuing that company&#39;s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.","content":"<p><b>The Meaning Behind Value Stocks</b></p><p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.</p><p><b>Below is a list of notable value stocks in the technology sector:</b></p><ol><li><b>China Index Holdings</b> (NASDAQ:CIH) - P/E: 4.82</li><li><b>Nortech Systems</b> (NASDAQ:NSYS) - P/E: 8.96</li><li><b>Synnex</b> (NYSE:SNX) - P/E: 9.26</li><li><b><a href=\"https://laohu8.com/S/INPX\">Inpixon</a></b> (NASDAQ:INPX) - P/E: 0.08</li><li><b>Hamilton Beach Brands</b> (NYSE:HBB) - P/E: 8.75</li></ol><p>Most recently, China Index Holdings reported earnings per share at 0.12, whereas in Q2 earnings per share sat at 0.1. China Index Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p><p>Nortech Systems saw a decrease in earnings per share from -0.05 in Q2 to -0.35 now. Nortech Systems does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p><p>Most recently, Synnex reported earnings per share at 5.21, whereas in Q3 earnings per share sat at 3.33. The company's most recent dividend yield sits at 0.92%, which has decreased by 0.34% from 1.26% last quarter.</p><p>Most recently, Inpixon reported earnings per share at -0.13, whereas in Q2 earnings per share sat at -0.21. Inpixon does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p><p>Hamilton Beach Brands's earnings per share for Q3 sits at -0.15, whereas in Q2, they were at 0.59. Most recently, the company reported a dividend yield of 2.13%, which has increased by 0.18% from last quarter's yield of 1.95%.</p><p><b>The Significance:</b> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</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>A Look Into Technology Sector Value Stocks</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\">\nA Look Into Technology Sector Value Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-02 23:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>The Meaning Behind Value Stocks</b></p><p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.</p><p><b>Below is a list of notable value stocks in the technology sector:</b></p><ol><li><b>China Index Holdings</b> (NASDAQ:CIH) - P/E: 4.82</li><li><b>Nortech Systems</b> (NASDAQ:NSYS) - P/E: 8.96</li><li><b>Synnex</b> (NYSE:SNX) - P/E: 9.26</li><li><b><a href=\"https://laohu8.com/S/INPX\">Inpixon</a></b> (NASDAQ:INPX) - P/E: 0.08</li><li><b>Hamilton Beach Brands</b> (NYSE:HBB) - P/E: 8.75</li></ol><p>Most recently, China Index Holdings reported earnings per share at 0.12, whereas in Q2 earnings per share sat at 0.1. China Index Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p><p>Nortech Systems saw a decrease in earnings per share from -0.05 in Q2 to -0.35 now. Nortech Systems does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p><p>Most recently, Synnex reported earnings per share at 5.21, whereas in Q3 earnings per share sat at 3.33. The company's most recent dividend yield sits at 0.92%, which has decreased by 0.34% from 1.26% last quarter.</p><p>Most recently, Inpixon reported earnings per share at -0.13, whereas in Q2 earnings per share sat at -0.21. Inpixon does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p><p>Hamilton Beach Brands's earnings per share for Q3 sits at -0.15, whereas in Q2, they were at 0.59. Most recently, the company reported a dividend yield of 2.13%, which has increased by 0.18% from last quarter's yield of 1.95%.</p><p><b>The Significance:</b> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NSYS":"Nortech Systems Incorporated","SNX":"新聚思","HBB":"Hamilton Beach Brands Holding Company","CIH":"中指控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116999592","content_text":"The Meaning Behind Value StocksA value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.Below is a list of notable value stocks in the technology sector:China Index Holdings (NASDAQ:CIH) - P/E: 4.82Nortech Systems (NASDAQ:NSYS) - P/E: 8.96Synnex (NYSE:SNX) - P/E: 9.26Inpixon (NASDAQ:INPX) - P/E: 0.08Hamilton Beach Brands (NYSE:HBB) - P/E: 8.75Most recently, China Index Holdings reported earnings per share at 0.12, whereas in Q2 earnings per share sat at 0.1. China Index Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Nortech Systems saw a decrease in earnings per share from -0.05 in Q2 to -0.35 now. Nortech Systems does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Most recently, Synnex reported earnings per share at 5.21, whereas in Q3 earnings per share sat at 3.33. The company's most recent dividend yield sits at 0.92%, which has decreased by 0.34% from 1.26% last quarter.Most recently, Inpixon reported earnings per share at -0.13, whereas in Q2 earnings per share sat at -0.21. Inpixon does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Hamilton Beach Brands's earnings per share for Q3 sits at -0.15, whereas in Q2, they were at 0.59. Most recently, the company reported a dividend yield of 2.13%, which has increased by 0.18% from last quarter's yield of 1.95%.The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.","news_type":1},"isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362102687,"gmtCreate":1614604093949,"gmtModify":1703478727130,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/362102687","repostId":"1182493843","repostType":4,"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362109432,"gmtCreate":1614603705426,"gmtModify":1703478719969,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/362109432","repostId":"1182493843","repostType":4,"repost":{"id":"1182493843","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614603192,"share":"https://www.laohu8.com/m/news/1182493843?lang=&edition=full","pubTime":"2021-03-01 20:53","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182493843","media":"老虎资讯综合","summary":"(March 1) U.S. stock futures traded higher in early pre-market trade after the House of Representati","content":"<p>(March 1) U.S. stock futures traded higher in early pre-market trade&nbsp;after the House of Representatives voted early Saturday morning to approve&nbsp;President Joe Biden's $1.9 trillion Coronavirus relief package.</p><p>Dow Jones Industrial Average futures were up more than 200 points,&nbsp;or 0.91%, while S&amp;P 500 futures gained nearly 1%, Nasdaq-100 futures gained&nbsp;more than 1%. Meanwhile, the 10-year Treasury note yield dipped to 1.386% early&nbsp;in Sunday trading, then slowly regained ground, last at 1.412%. Bond prices&nbsp;move inversely to yields.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c031cdca3de539303c5ef6505815a4d6\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Broker, EST 07:46</span></p><p>The House passed the $1.9 trillion Biden stimulus plan Saturday,&nbsp;including $1,400 stimulus checks for many Americans. It also has a $15 minimum&nbsp;wage that can't be included under Senate rules for a budget reconciliation&nbsp;bill. A couple of moderate Democratic Senators will play a key role in how&nbsp;large the stimulus plan ultimately is.</p><p>The Caixin China manufacturing index fell 0.5 point in February to&nbsp;50.9. Earlier, China's official manufacturing index fell from 51.3 in January&nbsp;to 50.6 in February. The services sector gauge fell 1 point to 51.4. Readings&nbsp;above 50 indicate growth.</p><p><b>Bitcoin Price</b></p><p>The Bitcoin price traded below $47,000 Monday morning, off Sunday's&nbsp;lows. The cryptocurrency had trended lower since topping $58,000 on Sunday,&nbsp;Feb. 21. It's still above the sub-$40,000 level when Tesla disclosed it had&nbsp;bought $1.5 billion worth of Bitcoin.</p><p>Bitcoin and some related plays, such as Grayscale Bitcoin Trust(GBTC), has been falling toward their 50-day lines. That could be a key level&nbsp;of support.</p><p>Ethereum also has fallen sharply in the past week, as speculative&nbsp;investing sours. Dogecoin, which Elon Musk has personally invested in, also has&nbsp;sold off.</p><p><b>US Market Last week</b></p><p>Last week, the Dow lost 1.8%, the S&amp;P 500 fell 2.5%, and the&nbsp;Nasdaq Composite slid 4.9%. That marked the Nasdaq's biggest slide since the&nbsp;week ended Oct. 30, according to FactSet data. February was still a winning&nbsp;month for equites though, with the Dow up 3.2%, the S&amp;P 500 rising 2.6%,&nbsp;and the Nasdaq inching up 0.9%.</p><p><img src=\"https://static.tigerbbs.com/ab38a3d6bc5469598c787baea5b80d0c\" tg-width=\"1242\" tg-height=\"606\" referrerpolicy=\"no-referrer\"></p><p><b>Latest News</b></p><p>1) AstraZeneca(AZN) – The drugmakersold its stakein&nbsp;<a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> for more than $1 billion, according to the London Times. The paper said the sale occurred after Moderna shares soared following approval of its Covid-19 vaccine, although the exact timing was unclear. Moderna shares rose 1.8% in premarket trading.</p><p>2) <a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a> – J&amp;J rose 2.1% in the premarket after its Covid-19 vaccinereceived emergency use authorizationfrom the Food and Drug Administration over the weekend, followed by an endorsementfrom the Centers for Disease Control and Prevention. Administration officials say deliveries of the vaccine should begin Tuesday.</p><p>3) Saudi Arabian Airlines plans to order 70 airliners from Boeing&nbsp;and Airbus, according to Saudi news outlet Maaal; <a href=\"https://laohu8.com/S/BA\">Boeing</a>  up&nbsp;2% in&nbsp;the&nbsp;pre-market.</p><p>4) The group of \"meme\" stocks, led by videogame retailer&nbsp;GameStop Corp.that have been volatile in recent weeks as investors on a Reddit&nbsp;subgroup have egged each other on, were active again in premarket trade Monday.</p><p><a href=\"https://laohu8.com/S/GME\">GameStop</a>  shares were up 5% pre-market, while shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> &nbsp;the world's biggest cinema chain, were up 12%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> &nbsp;was up 3.8%, and <a href=\"https://laohu8.com/S/NAKD\">Naked Brand</a>  was up 9.5%. <a href=\"https://laohu8.com/S/KOSS\">Koss</a>&nbsp;a maker of headphones, was up 2.9%.</p><p>5)&nbsp;<a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> – Berkshire reported a 23% increase in fourth-quarter profit to $35.8 billion, helped by a surge in the value of Berkshire’s stock market holdings. Berkshire alsobought back nearly $25 billion in stockduring 2020, with CEO Warren Buffett explaining in his annual letter that the move increased shareholder value while still leaving ample cash for other opportunities that might arise. Berkshire Class B shares rose 2.1% premarket.</p><p>6)&nbsp;<a href=\"https://laohu8.com/S/TWTR\">Twitter</a>– Twitter rose 1% in premarket trading after it announced its intention to sell $1.25 billion in convertible notes due in 2026, subject to market conditions.</p><p>7)&nbsp;<a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> – The retailer dropped its $35 minimum charge for its two-hour express delivery service. However, the $35 minimum will still apply for regularly delivery, curbside pickup and Walmart+ delivery services. Walmart shares rose 1% in the premarket.</p><p>8)&nbsp;<a href=\"https://laohu8.com/S/C\">Citigroup</a> – Citigroup shares rose 2.1% in premarket trading as Jane Fraser takes over as Chief Executive Officer of the bank today, becoming the first woman to run a major U.S. bank.</p><p>9)&nbsp;<a href=\"https://laohu8.com/S/HGV\">Hilton Grand Vacations Inc.</a>  – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a challenging environment but said 85% of its properties are now open and operating. Its shares fell 2.3% in premarket trading.</p><p>10)&nbsp;<a href=\"https://laohu8.com/S/NRG\">NRG Energy Inc</a> – The energy provider reported better-than-expected profit and revenue for its latest quarter, and also said the financial impact of the extreme weather in Texas is expected to be within NRG’s current guidance range. The company’s shares jumped 5.5% in the premarket.</p><p>11)&nbsp;<a href=\"https://laohu8.com/S/PRGO\">Perrigo Co PLC</a> – Perrigo shares initially jumped 4.1% in premarket action after the drugmaker announced a deal to sell its Generic Rx Pharmaceuticals business to private-equity firm Altaris Capital for $1.55 billion in cash and other considerations. The gains disappeared, however, after Perrigo reported lower-than-expected earnings for its latest quarter as sales fell.</p><p>12)&nbsp;<a href=\"https://laohu8.com/S/LHX\">L3Harris Technologies, Inc.</a> – The defense contractor struck a deal to sell its military training division to Canadian aerospace companyCAE(CAE) for $1.05 billion. The deal will enhance CAE’s defense business.</p><p>13)&nbsp;<a href=\"https://laohu8.com/S/LOGI\">Logitech International SA</a>  – Logitech shares fell 1.5% premarket after it saidoperating income for fiscal 2022 would be between $750 million and $800 million, down from the $1.1 billion it expects to report for fiscal 2021. Logitech had seen a boom in demand for devices like computer mice and keyboards due to the pandemic, with more people working and attending school from home.</p><p>14)&nbsp;<a href=\"https://laohu8.com/S/TWLO\">Twilio</a> – Twilio is in talks to invest up to $750 million in messaging company Syniverse Technologies, according to people familiar with the matter who spoke to The Wall Street Journal. They said that the expected investment by the cloud communications company would value Syniverse – currently owned by private-equity firmCarlyle Group(CG) – at $2 billion to $3 billion. Twilio rose 2.3% in premarket action.</p><p>15)&nbsp;<a href=\"https://laohu8.com/S/VACQ\">Vector Acquisition Corp</a> – The special purpose acquisition company will take space transportation startup Rocket Lab publicthrough a merger dealthat values Rocket Lab at $4.1 billion. The deal is expected to be completed during the second quarter. Vector shares surged 17.1% in premarket trading.</p><p>16)&nbsp;<a href=\"https://laohu8.com/S/W\">Wayfair</a> – The home goods retailer’s shares rose 2.1% in the premarket after Truist Securities upgraded the stock to “buy” from “hold,” saying it sees an improved picture for long-term profitability and a faster growth trajectory.</p><p>17)&nbsp;<a href=\"https://laohu8.com/S/CTLT\">Catalent</a> – The pharmaceutical technology company has been struggling with vaccine production problems, according to a report in the Financial Times. Catalent fills vaccine vials for both Johnson &amp; Johnson and Moderna, and the report said issues with automation technology have meant that vials have had to be checked by hand.</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>Toplines Before US Market Open on Monday</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\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-01 20:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 1) U.S. stock futures traded higher in early pre-market trade&nbsp;after the House of Representatives voted early Saturday morning to approve&nbsp;President Joe Biden's $1.9 trillion Coronavirus relief package.</p><p>Dow Jones Industrial Average futures were up more than 200 points,&nbsp;or 0.91%, while S&amp;P 500 futures gained nearly 1%, Nasdaq-100 futures gained&nbsp;more than 1%. Meanwhile, the 10-year Treasury note yield dipped to 1.386% early&nbsp;in Sunday trading, then slowly regained ground, last at 1.412%. Bond prices&nbsp;move inversely to yields.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c031cdca3de539303c5ef6505815a4d6\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Broker, EST 07:46</span></p><p>The House passed the $1.9 trillion Biden stimulus plan Saturday,&nbsp;including $1,400 stimulus checks for many Americans. It also has a $15 minimum&nbsp;wage that can't be included under Senate rules for a budget reconciliation&nbsp;bill. A couple of moderate Democratic Senators will play a key role in how&nbsp;large the stimulus plan ultimately is.</p><p>The Caixin China manufacturing index fell 0.5 point in February to&nbsp;50.9. Earlier, China's official manufacturing index fell from 51.3 in January&nbsp;to 50.6 in February. The services sector gauge fell 1 point to 51.4. Readings&nbsp;above 50 indicate growth.</p><p><b>Bitcoin Price</b></p><p>The Bitcoin price traded below $47,000 Monday morning, off Sunday's&nbsp;lows. The cryptocurrency had trended lower since topping $58,000 on Sunday,&nbsp;Feb. 21. It's still above the sub-$40,000 level when Tesla disclosed it had&nbsp;bought $1.5 billion worth of Bitcoin.</p><p>Bitcoin and some related plays, such as Grayscale Bitcoin Trust(GBTC), has been falling toward their 50-day lines. That could be a key level&nbsp;of support.</p><p>Ethereum also has fallen sharply in the past week, as speculative&nbsp;investing sours. Dogecoin, which Elon Musk has personally invested in, also has&nbsp;sold off.</p><p><b>US Market Last week</b></p><p>Last week, the Dow lost 1.8%, the S&amp;P 500 fell 2.5%, and the&nbsp;Nasdaq Composite slid 4.9%. That marked the Nasdaq's biggest slide since the&nbsp;week ended Oct. 30, according to FactSet data. February was still a winning&nbsp;month for equites though, with the Dow up 3.2%, the S&amp;P 500 rising 2.6%,&nbsp;and the Nasdaq inching up 0.9%.</p><p><img src=\"https://static.tigerbbs.com/ab38a3d6bc5469598c787baea5b80d0c\" tg-width=\"1242\" tg-height=\"606\" referrerpolicy=\"no-referrer\"></p><p><b>Latest News</b></p><p>1) AstraZeneca(AZN) – The drugmakersold its stakein&nbsp;<a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> for more than $1 billion, according to the London Times. The paper said the sale occurred after Moderna shares soared following approval of its Covid-19 vaccine, although the exact timing was unclear. Moderna shares rose 1.8% in premarket trading.</p><p>2) <a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a> – J&amp;J rose 2.1% in the premarket after its Covid-19 vaccinereceived emergency use authorizationfrom the Food and Drug Administration over the weekend, followed by an endorsementfrom the Centers for Disease Control and Prevention. Administration officials say deliveries of the vaccine should begin Tuesday.</p><p>3) Saudi Arabian Airlines plans to order 70 airliners from Boeing&nbsp;and Airbus, according to Saudi news outlet Maaal; <a href=\"https://laohu8.com/S/BA\">Boeing</a>  up&nbsp;2% in&nbsp;the&nbsp;pre-market.</p><p>4) The group of \"meme\" stocks, led by videogame retailer&nbsp;GameStop Corp.that have been volatile in recent weeks as investors on a Reddit&nbsp;subgroup have egged each other on, were active again in premarket trade Monday.</p><p><a href=\"https://laohu8.com/S/GME\">GameStop</a>  shares were up 5% pre-market, while shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> &nbsp;the world's biggest cinema chain, were up 12%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> &nbsp;was up 3.8%, and <a href=\"https://laohu8.com/S/NAKD\">Naked Brand</a>  was up 9.5%. <a href=\"https://laohu8.com/S/KOSS\">Koss</a>&nbsp;a maker of headphones, was up 2.9%.</p><p>5)&nbsp;<a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> – Berkshire reported a 23% increase in fourth-quarter profit to $35.8 billion, helped by a surge in the value of Berkshire’s stock market holdings. Berkshire alsobought back nearly $25 billion in stockduring 2020, with CEO Warren Buffett explaining in his annual letter that the move increased shareholder value while still leaving ample cash for other opportunities that might arise. Berkshire Class B shares rose 2.1% premarket.</p><p>6)&nbsp;<a href=\"https://laohu8.com/S/TWTR\">Twitter</a>– Twitter rose 1% in premarket trading after it announced its intention to sell $1.25 billion in convertible notes due in 2026, subject to market conditions.</p><p>7)&nbsp;<a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> – The retailer dropped its $35 minimum charge for its two-hour express delivery service. However, the $35 minimum will still apply for regularly delivery, curbside pickup and Walmart+ delivery services. Walmart shares rose 1% in the premarket.</p><p>8)&nbsp;<a href=\"https://laohu8.com/S/C\">Citigroup</a> – Citigroup shares rose 2.1% in premarket trading as Jane Fraser takes over as Chief Executive Officer of the bank today, becoming the first woman to run a major U.S. bank.</p><p>9)&nbsp;<a href=\"https://laohu8.com/S/HGV\">Hilton Grand Vacations Inc.</a>  – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a challenging environment but said 85% of its properties are now open and operating. Its shares fell 2.3% in premarket trading.</p><p>10)&nbsp;<a href=\"https://laohu8.com/S/NRG\">NRG Energy Inc</a> – The energy provider reported better-than-expected profit and revenue for its latest quarter, and also said the financial impact of the extreme weather in Texas is expected to be within NRG’s current guidance range. The company’s shares jumped 5.5% in the premarket.</p><p>11)&nbsp;<a href=\"https://laohu8.com/S/PRGO\">Perrigo Co PLC</a> – Perrigo shares initially jumped 4.1% in premarket action after the drugmaker announced a deal to sell its Generic Rx Pharmaceuticals business to private-equity firm Altaris Capital for $1.55 billion in cash and other considerations. The gains disappeared, however, after Perrigo reported lower-than-expected earnings for its latest quarter as sales fell.</p><p>12)&nbsp;<a href=\"https://laohu8.com/S/LHX\">L3Harris Technologies, Inc.</a> – The defense contractor struck a deal to sell its military training division to Canadian aerospace companyCAE(CAE) for $1.05 billion. The deal will enhance CAE’s defense business.</p><p>13)&nbsp;<a href=\"https://laohu8.com/S/LOGI\">Logitech International SA</a>  – Logitech shares fell 1.5% premarket after it saidoperating income for fiscal 2022 would be between $750 million and $800 million, down from the $1.1 billion it expects to report for fiscal 2021. Logitech had seen a boom in demand for devices like computer mice and keyboards due to the pandemic, with more people working and attending school from home.</p><p>14)&nbsp;<a href=\"https://laohu8.com/S/TWLO\">Twilio</a> – Twilio is in talks to invest up to $750 million in messaging company Syniverse Technologies, according to people familiar with the matter who spoke to The Wall Street Journal. They said that the expected investment by the cloud communications company would value Syniverse – currently owned by private-equity firmCarlyle Group(CG) – at $2 billion to $3 billion. Twilio rose 2.3% in premarket action.</p><p>15)&nbsp;<a href=\"https://laohu8.com/S/VACQ\">Vector Acquisition Corp</a> – The special purpose acquisition company will take space transportation startup Rocket Lab publicthrough a merger dealthat values Rocket Lab at $4.1 billion. The deal is expected to be completed during the second quarter. Vector shares surged 17.1% in premarket trading.</p><p>16)&nbsp;<a href=\"https://laohu8.com/S/W\">Wayfair</a> – The home goods retailer’s shares rose 2.1% in the premarket after Truist Securities upgraded the stock to “buy” from “hold,” saying it sees an improved picture for long-term profitability and a faster growth trajectory.</p><p>17)&nbsp;<a href=\"https://laohu8.com/S/CTLT\">Catalent</a> – The pharmaceutical technology company has been struggling with vaccine production problems, according to a report in the Financial Times. Catalent fills vaccine vials for both Johnson &amp; Johnson and Moderna, and the report said issues with automation technology have meant that vials have had to be checked by hand.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182493843","content_text":"(March 1) U.S. stock futures traded higher in early pre-market trade after the House of Representatives voted early Saturday morning to approve President Joe Biden's $1.9 trillion Coronavirus relief package.Dow Jones Industrial Average futures were up more than 200 points, or 0.91%, while S&P 500 futures gained nearly 1%, Nasdaq-100 futures gained more than 1%. Meanwhile, the 10-year Treasury note yield dipped to 1.386% early in Sunday trading, then slowly regained ground, last at 1.412%. Bond prices move inversely to yields.*Source From Tiger Broker, EST 07:46The House passed the $1.9 trillion Biden stimulus plan Saturday, including $1,400 stimulus checks for many Americans. It also has a $15 minimum wage that can't be included under Senate rules for a budget reconciliation bill. A couple of moderate Democratic Senators will play a key role in how large the stimulus plan ultimately is.The Caixin China manufacturing index fell 0.5 point in February to 50.9. Earlier, China's official manufacturing index fell from 51.3 in January to 50.6 in February. The services sector gauge fell 1 point to 51.4. Readings above 50 indicate growth.Bitcoin PriceThe Bitcoin price traded below $47,000 Monday morning, off Sunday's lows. The cryptocurrency had trended lower since topping $58,000 on Sunday, Feb. 21. It's still above the sub-$40,000 level when Tesla disclosed it had bought $1.5 billion worth of Bitcoin.Bitcoin and some related plays, such as Grayscale Bitcoin Trust(GBTC), has been falling toward their 50-day lines. That could be a key level of support.Ethereum also has fallen sharply in the past week, as speculative investing sours. Dogecoin, which Elon Musk has personally invested in, also has sold off.US Market Last weekLast week, the Dow lost 1.8%, the S&P 500 fell 2.5%, and the Nasdaq Composite slid 4.9%. That marked the Nasdaq's biggest slide since the week ended Oct. 30, according to FactSet data. February was still a winning month for equites though, with the Dow up 3.2%, the S&P 500 rising 2.6%, and the Nasdaq inching up 0.9%.Latest News1) AstraZeneca(AZN) – The drugmakersold its stakein Moderna, Inc. for more than $1 billion, according to the London Times. The paper said the sale occurred after Moderna shares soared following approval of its Covid-19 vaccine, although the exact timing was unclear. Moderna shares rose 1.8% in premarket trading.2) Johnson & Johnson – J&J rose 2.1% in the premarket after its Covid-19 vaccinereceived emergency use authorizationfrom the Food and Drug Administration over the weekend, followed by an endorsementfrom the Centers for Disease Control and Prevention. Administration officials say deliveries of the vaccine should begin Tuesday.3) Saudi Arabian Airlines plans to order 70 airliners from Boeing and Airbus, according to Saudi news outlet Maaal; Boeing  up 2% in the pre-market.4) The group of \"meme\" stocks, led by videogame retailer GameStop Corp.that have been volatile in recent weeks as investors on a Reddit subgroup have egged each other on, were active again in premarket trade Monday.GameStop  shares were up 5% pre-market, while shares of AMC Entertainment  the world's biggest cinema chain, were up 12%. BlackBerry  was up 3.8%, and Naked Brand  was up 9.5%. Koss a maker of headphones, was up 2.9%.5) Berkshire Hathaway – Berkshire reported a 23% increase in fourth-quarter profit to $35.8 billion, helped by a surge in the value of Berkshire’s stock market holdings. Berkshire alsobought back nearly $25 billion in stockduring 2020, with CEO Warren Buffett explaining in his annual letter that the move increased shareholder value while still leaving ample cash for other opportunities that might arise. Berkshire Class B shares rose 2.1% premarket.6) Twitter– Twitter rose 1% in premarket trading after it announced its intention to sell $1.25 billion in convertible notes due in 2026, subject to market conditions.7) Wal-Mart – The retailer dropped its $35 minimum charge for its two-hour express delivery service. However, the $35 minimum will still apply for regularly delivery, curbside pickup and Walmart+ delivery services. Walmart shares rose 1% in the premarket.8) Citigroup – Citigroup shares rose 2.1% in premarket trading as Jane Fraser takes over as Chief Executive Officer of the bank today, becoming the first woman to run a major U.S. bank.9) Hilton Grand Vacations Inc.  – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a challenging environment but said 85% of its properties are now open and operating. Its shares fell 2.3% in premarket trading.10) NRG Energy Inc – The energy provider reported better-than-expected profit and revenue for its latest quarter, and also said the financial impact of the extreme weather in Texas is expected to be within NRG’s current guidance range. The company’s shares jumped 5.5% in the premarket.11) Perrigo Co PLC – Perrigo shares initially jumped 4.1% in premarket action after the drugmaker announced a deal to sell its Generic Rx Pharmaceuticals business to private-equity firm Altaris Capital for $1.55 billion in cash and other considerations. The gains disappeared, however, after Perrigo reported lower-than-expected earnings for its latest quarter as sales fell.12) L3Harris Technologies, Inc. – The defense contractor struck a deal to sell its military training division to Canadian aerospace companyCAE(CAE) for $1.05 billion. The deal will enhance CAE’s defense business.13) Logitech International SA  – Logitech shares fell 1.5% premarket after it saidoperating income for fiscal 2022 would be between $750 million and $800 million, down from the $1.1 billion it expects to report for fiscal 2021. Logitech had seen a boom in demand for devices like computer mice and keyboards due to the pandemic, with more people working and attending school from home.14) Twilio – Twilio is in talks to invest up to $750 million in messaging company Syniverse Technologies, according to people familiar with the matter who spoke to The Wall Street Journal. They said that the expected investment by the cloud communications company would value Syniverse – currently owned by private-equity firmCarlyle Group(CG) – at $2 billion to $3 billion. Twilio rose 2.3% in premarket action.15) Vector Acquisition Corp – The special purpose acquisition company will take space transportation startup Rocket Lab publicthrough a merger dealthat values Rocket Lab at $4.1 billion. The deal is expected to be completed during the second quarter. Vector shares surged 17.1% in premarket trading.16) Wayfair – The home goods retailer’s shares rose 2.1% in the premarket after Truist Securities upgraded the stock to “buy” from “hold,” saying it sees an improved picture for long-term profitability and a faster growth trajectory.17) Catalent – The pharmaceutical technology company has been struggling with vaccine production problems, according to a report in the Financial Times. Catalent fills vaccine vials for both Johnson & Johnson and Moderna, and the report said issues with automation technology have meant that vials have had to be checked by hand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362371984,"gmtCreate":1614602800748,"gmtModify":1703478706018,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362371984","repostId":"1161169607","repostType":4,"repost":{"id":"1161169607","pubTimestamp":1614584947,"share":"https://www.laohu8.com/m/news/1161169607?lang=&edition=full","pubTime":"2021-03-01 15:49","market":"us","language":"en","title":"Which Companies Are Most At Risk From Surging Yields: Goldman Answers","url":"https://stock-news.laohu8.com/highlight/detail?id=1161169607","media":"zerohedge","summary":"For those living under a rock in 2021, the big story in the past month is that 10-year Treasury yiel","content":"<p>For those living under a rock in 2021, the big story in the past month is that 10-year Treasury yield have climbed by 50 bps in a month to 1.5% (technically as high as 1.61% for a few brief seconds on Thursday after the catastrophic 7Y auction triggered stop loss selling) as real rates jumped following a steady increase in inflation expectations (breakevens), which however are largely set by 10Y TIPS whose price is determined largely by the Fed due to its massive ongoing monetization of TIPS (thus crushing any actual signaling power TIPS may have). Whatever the cause, while rising breakeven inflation has driven most of the rise in yields during the past six months, the last two weeks have been characterized by a 40 bp jump in real yields.</p>\n<p><img src=\"https://static.tigerbbs.com/efd3fa48c3856c9963ae7e9f6e6de625\" tg-width=\"500\" tg-height=\"232\">It's this sudden spike in real yields as opposed to breakevens, that has sparked much of the fear in markets in the past week, because as Goldman's David Kostin explains in his Sunday Start note, \"conceptually, and historically, equities digest rising inflation expectations more easily than rising real yields\" and not just rising real yields, but a rapid spike the likes of which were last observed during the taper tantrum as we discussed two weeks ago in \"Yields Soar, Sending 30Y Real Rates Positive Amid Overheating Panic: What Happens Next\"). In any case, as a result of the violent moves in the rates complex, it is hardly a surprise that Kostin writes \"<b>the recent backup in rates has sparked a new wave of client concern.\"</b></p>\n<ul>\n <li><b>First, investors ask whether the level of rates is becoming a threat to equity valuations.</b></li>\n</ul>\n<p>Predictably,<i><b>Goldman's answer is an emphatic \"no\"</b></i>with Kostin claiming (with a straight face) that \"although the S&amp;P 500 forward P/E multiple of 22x currently ranks in the 99th historical percentile since 1976, ranking only behind the peak of the Tech Bubble in 2000, our dividend discount model (DDM) implies an equity risk premium (ERP) that ranks in the 28th percentile, 70 bp above the historical average.\" In other words, massively, record stretched PE multiples won't collapse if rates rise. Yeah, right. May want to Timestamp that David. We'll check back in a few weeks. So what<i><b>would</b></i>cause a market crash according to Goldman's head market cheerleader? Well, according to Kostin, \"<b>keeping the current P/E constant, the 10-year yield would have to reach 2.1% to bring the yield gap to the historical median of 250 bp.If instead the yield gap remains unchanged, and rates rise to 2.0%, then the P/E multiple would fall by 10% to 20x.\"</b>But don't worry, Kostin adds, because \"in today’s economic environment, our macro model suggests the ERP should be narrower than average.\" Translation: yes, a 10% drop is coming but our models say it may not come, so just keep buying.</p>\n<p><img src=\"https://static.tigerbbs.com/4cdbd39d9b2a4e20ee8ef423435a57d7\" tg-width=\"500\" tg-height=\"169\"></p>\n<ul>\n <li><b>Second, Goldman's bullish US equity view has already embedded expectations of rising interest rates.</b></li>\n</ul>\n<p>Addressing the second most regular pushback against its bizarre optimism, Goldman says that an environment of accelerating economic growth (and recall that recently Goldman found that theUS Economy is Growing At the Fastest Pace On Record), and higher bond yields is consistent with the bank's forecast that<b>S&amp;P 500 EPS in 2021 will grow by 27% and be 10% higher than pre-pandemic 2019, driving a 14% rise this year to our year-end price target of 4300 despite a flat P/E multiple.</b>In other words, multiples may indeed contract but the rise in earnings - a result of economic growth - will offset much if not all of the move. Furthermore, the forward market implies that 10-year nominal yields will climb 25 bp further to 1.7% - below Goldman's 2.1% redline - and real yields will climb by a similar amount to from -0.7% to -0.4% by year-end.</p>\n<ul>\n <li><b>Third, even Kostin is forced to concede that the recent change in yields has reached a magnitude that is usually a headwind for stocks.</b></li>\n</ul>\n<p>As the Goldman strategist concedes, equities have generated an average return of nearly +1% per month,<b>but the return has averaged -1% during months when nominal rates rose by more than two standard deviations and -5% when real yields rose by that amount.</b>Today, a two standard deviation monthly rise in 10-year rates equates to 40 bp for nominal yields and 30 bp for real yields, both thresholds exceeded this week.</p>\n<p><img src=\"https://static.tigerbbs.com/a6a23015dc5dbaee1d4660e8e902a000\" tg-width=\"500\" tg-height=\"175\">Of course, it's not just absolute levels across risk that are impacted by rates: Kostin also notes that \"shifting interest rates have major implications for<i><b>rotations within the equity market,</b></i>a dynamic made clear in recent weeks.\" In mid-2020, Kostin's equity valuation model showed that equity duration –the expectations of earnings growth far in the future –had become a more important contributor to multiples than ever before. One key reason for the importance that investors ascribed to expected future growth was the extremely low level of interest rates. As rates have risen, the contribution of equity duration to stock valuations has declined while near-term growth profiles have become more important. Practically,<b>this means that both the improving growth outlook and rising rates have supported the outperformance of cyclicals and value stocks relative to stocks with the highest long-term growth.</b>Hardly surprising, in recent weeks Goldman's S&amp;P 500 Growth factor has declined by 9%, similar to the 12% decline around the announcement of Pfizer-BioNTech vaccine efficacy in November</p>\n<p>Which brings us to the one sector most at risk from the continued risk in yields.</p>\n<p>As Kostin writes, \"<b>this rotation has also weighed on one of the most spectacular outperformers of the last 12 months: Stocks with negative earnings but strong expected growth.\"</b>One of the most remarkable moves of the past year is that<b>a basket of non-profitable tech stocks soared by 204% last year and 27% in the first six weeks of 2021... before falling by 15% in last two weeks.</b>The decline of these high-growth firms has been particularly painful given the current record degree of leverage carried by hedge funds and the elevated activity of retail traders, both of whom have recently favored some of these long-duration stocks.</p>\n<p>To be sure, while earnings for S&amp;P 500 firms declined by 13% in 2020, the fall in aggregate profits does not capture the wide dispersion in operating results that occurred inside the market. While 2020 EPS growth was negative for the overall index and the median stock,<b>the actual level of profits was positive... But not for every company.</b>In fact,<b>1082 firms or 37% of the constituents in the Russell 3000 posted negative net income in 2020 (i.e., a loss or negative EPS), and 21% posted negative EBITDA.</b></p>\n<p>Getting even more granular (and apologizing to George Orwell), Kostin then notes that all companies with losses are equal, but some are more equal than others. Some firms reported negative earnings in 2020 because the pandemic and economic shutdown disrupted their business and crushed their revenues.<b>But in other instances, the Goldman strategist points out that \"companies grew sales so rapidly that top-line was the focus of investors and bottom-line losses were ignored.\"</b>Indeed, consider that across all non-Financial US stocks with at least $50 million in revenues, \"<b>those with negative earnings and declining revenues in 2020 returned a median of -18% last year. In contrast, stocks with negative earnings and growing revenues returned +51%.\"</b></p>\n<p><img src=\"https://static.tigerbbs.com/672e0f0b03d6b3cec8ec067276919bf9\" tg-width=\"500\" tg-height=\"171\"><b>Recently, however, improving economic growth prospects from vaccination rollout and pending fiscal stimulus coupled with rising rates have moved firms that struggled most in 2020 into pole position so far in 2021.</b>The cyclical and virus-affected firms with<b>negative earnings and falling sales in 2020 have generated a median YTD return of +22%, outperforming the +10% return of the median stock that posted a loss but grew sales last year.</b>Unsurprisingly, these cyclical stocks have been positively correlated with both nominal and real interest rates. In contrast,<b>the ultra long-duration stocks have been negatively correlated with interest rates given they generate no earnings today and their valuations depend entirely on future growth prospects.</b>Cyclicals also carry far lower valuations, with a median EV/2022 sales ratio of 2x vs. 6x for the median negative earner with positive sales growth.</p>\n<p><img src=\"https://static.tigerbbs.com/a00a42075ac35763072cb85546315087\" tg-width=\"500\" tg-height=\"174\">Putting it all together, Kostin concludes that \"<b>looking forward, investors must balance the appeal of promising businesses with the risk that rates rise further and the recent rotation continues.\"</b>The list of non-profitable companies that makes up GOldman's Non-Profitable Tech basket is shown below:</p>\n<p><img src=\"https://static.tigerbbs.com/782b2dbfc010259d8bc5120f85d13070\" tg-width=\"500\" tg-height=\"364\">And although secular growth stocks may remain the most appealing investments on a long-term horizon, Goldman believes that<b>those stocks will underperform more cyclical firms in the short-term if economic acceleration and inflation continue to lift interest rates.</b></p>\n<p>Which brings us to the other side of the table: the<b>chart below shows the Russell 1000 firms from each sector with the shortest implied equity durations that have outperformed sector peers during the past two weeks as rates rose and are expected to grow revenues in 2021</b>. The median stock trades at a P/E ratio of 19x and has returned 7% YTD compared with 22x and 2% for the Russell 1000 median.</p>\n<p><img src=\"https://static.tigerbbs.com/96e14fcedd553203d06c6a3639a17f8f\" tg-width=\"500\" tg-height=\"365\"></p>","source":"lsy1583725640930","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>Which Companies Are Most At Risk From Surging Yields: Goldman Answers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhich Companies Are Most At Risk From Surging Yields: Goldman Answers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 15:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/which-companies-are-most-risk-surging-yields-goldman-answers?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For those living under a rock in 2021, the big story in the past month is that 10-year Treasury yield have climbed by 50 bps in a month to 1.5% (technically as high as 1.61% for a few brief seconds on...</p>\n\n<a href=\"https://www.zerohedge.com/markets/which-companies-are-most-risk-surging-yields-goldman-answers?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/which-companies-are-most-risk-surging-yields-goldman-answers?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161169607","content_text":"For those living under a rock in 2021, the big story in the past month is that 10-year Treasury yield have climbed by 50 bps in a month to 1.5% (technically as high as 1.61% for a few brief seconds on Thursday after the catastrophic 7Y auction triggered stop loss selling) as real rates jumped following a steady increase in inflation expectations (breakevens), which however are largely set by 10Y TIPS whose price is determined largely by the Fed due to its massive ongoing monetization of TIPS (thus crushing any actual signaling power TIPS may have). Whatever the cause, while rising breakeven inflation has driven most of the rise in yields during the past six months, the last two weeks have been characterized by a 40 bp jump in real yields.\nIt's this sudden spike in real yields as opposed to breakevens, that has sparked much of the fear in markets in the past week, because as Goldman's David Kostin explains in his Sunday Start note, \"conceptually, and historically, equities digest rising inflation expectations more easily than rising real yields\" and not just rising real yields, but a rapid spike the likes of which were last observed during the taper tantrum as we discussed two weeks ago in \"Yields Soar, Sending 30Y Real Rates Positive Amid Overheating Panic: What Happens Next\"). In any case, as a result of the violent moves in the rates complex, it is hardly a surprise that Kostin writes \"the recent backup in rates has sparked a new wave of client concern.\"\n\nFirst, investors ask whether the level of rates is becoming a threat to equity valuations.\n\nPredictably,Goldman's answer is an emphatic \"no\"with Kostin claiming (with a straight face) that \"although the S&P 500 forward P/E multiple of 22x currently ranks in the 99th historical percentile since 1976, ranking only behind the peak of the Tech Bubble in 2000, our dividend discount model (DDM) implies an equity risk premium (ERP) that ranks in the 28th percentile, 70 bp above the historical average.\" In other words, massively, record stretched PE multiples won't collapse if rates rise. Yeah, right. May want to Timestamp that David. We'll check back in a few weeks. So whatwouldcause a market crash according to Goldman's head market cheerleader? Well, according to Kostin, \"keeping the current P/E constant, the 10-year yield would have to reach 2.1% to bring the yield gap to the historical median of 250 bp.If instead the yield gap remains unchanged, and rates rise to 2.0%, then the P/E multiple would fall by 10% to 20x.\"But don't worry, Kostin adds, because \"in today’s economic environment, our macro model suggests the ERP should be narrower than average.\" Translation: yes, a 10% drop is coming but our models say it may not come, so just keep buying.\n\n\nSecond, Goldman's bullish US equity view has already embedded expectations of rising interest rates.\n\nAddressing the second most regular pushback against its bizarre optimism, Goldman says that an environment of accelerating economic growth (and recall that recently Goldman found that theUS Economy is Growing At the Fastest Pace On Record), and higher bond yields is consistent with the bank's forecast thatS&P 500 EPS in 2021 will grow by 27% and be 10% higher than pre-pandemic 2019, driving a 14% rise this year to our year-end price target of 4300 despite a flat P/E multiple.In other words, multiples may indeed contract but the rise in earnings - a result of economic growth - will offset much if not all of the move. Furthermore, the forward market implies that 10-year nominal yields will climb 25 bp further to 1.7% - below Goldman's 2.1% redline - and real yields will climb by a similar amount to from -0.7% to -0.4% by year-end.\n\nThird, even Kostin is forced to concede that the recent change in yields has reached a magnitude that is usually a headwind for stocks.\n\nAs the Goldman strategist concedes, equities have generated an average return of nearly +1% per month,but the return has averaged -1% during months when nominal rates rose by more than two standard deviations and -5% when real yields rose by that amount.Today, a two standard deviation monthly rise in 10-year rates equates to 40 bp for nominal yields and 30 bp for real yields, both thresholds exceeded this week.\nOf course, it's not just absolute levels across risk that are impacted by rates: Kostin also notes that \"shifting interest rates have major implications forrotations within the equity market,a dynamic made clear in recent weeks.\" In mid-2020, Kostin's equity valuation model showed that equity duration –the expectations of earnings growth far in the future –had become a more important contributor to multiples than ever before. One key reason for the importance that investors ascribed to expected future growth was the extremely low level of interest rates. As rates have risen, the contribution of equity duration to stock valuations has declined while near-term growth profiles have become more important. Practically,this means that both the improving growth outlook and rising rates have supported the outperformance of cyclicals and value stocks relative to stocks with the highest long-term growth.Hardly surprising, in recent weeks Goldman's S&P 500 Growth factor has declined by 9%, similar to the 12% decline around the announcement of Pfizer-BioNTech vaccine efficacy in November\nWhich brings us to the one sector most at risk from the continued risk in yields.\nAs Kostin writes, \"this rotation has also weighed on one of the most spectacular outperformers of the last 12 months: Stocks with negative earnings but strong expected growth.\"One of the most remarkable moves of the past year is thata basket of non-profitable tech stocks soared by 204% last year and 27% in the first six weeks of 2021... before falling by 15% in last two weeks.The decline of these high-growth firms has been particularly painful given the current record degree of leverage carried by hedge funds and the elevated activity of retail traders, both of whom have recently favored some of these long-duration stocks.\nTo be sure, while earnings for S&P 500 firms declined by 13% in 2020, the fall in aggregate profits does not capture the wide dispersion in operating results that occurred inside the market. While 2020 EPS growth was negative for the overall index and the median stock,the actual level of profits was positive... But not for every company.In fact,1082 firms or 37% of the constituents in the Russell 3000 posted negative net income in 2020 (i.e., a loss or negative EPS), and 21% posted negative EBITDA.\nGetting even more granular (and apologizing to George Orwell), Kostin then notes that all companies with losses are equal, but some are more equal than others. Some firms reported negative earnings in 2020 because the pandemic and economic shutdown disrupted their business and crushed their revenues.But in other instances, the Goldman strategist points out that \"companies grew sales so rapidly that top-line was the focus of investors and bottom-line losses were ignored.\"Indeed, consider that across all non-Financial US stocks with at least $50 million in revenues, \"those with negative earnings and declining revenues in 2020 returned a median of -18% last year. In contrast, stocks with negative earnings and growing revenues returned +51%.\"\nRecently, however, improving economic growth prospects from vaccination rollout and pending fiscal stimulus coupled with rising rates have moved firms that struggled most in 2020 into pole position so far in 2021.The cyclical and virus-affected firms withnegative earnings and falling sales in 2020 have generated a median YTD return of +22%, outperforming the +10% return of the median stock that posted a loss but grew sales last year.Unsurprisingly, these cyclical stocks have been positively correlated with both nominal and real interest rates. In contrast,the ultra long-duration stocks have been negatively correlated with interest rates given they generate no earnings today and their valuations depend entirely on future growth prospects.Cyclicals also carry far lower valuations, with a median EV/2022 sales ratio of 2x vs. 6x for the median negative earner with positive sales growth.\nPutting it all together, Kostin concludes that \"looking forward, investors must balance the appeal of promising businesses with the risk that rates rise further and the recent rotation continues.\"The list of non-profitable companies that makes up GOldman's Non-Profitable Tech basket is shown below:\nAnd although secular growth stocks may remain the most appealing investments on a long-term horizon, Goldman believes thatthose stocks will underperform more cyclical firms in the short-term if economic acceleration and inflation continue to lift interest rates.\nWhich brings us to the other side of the table: thechart below shows the Russell 1000 firms from each sector with the shortest implied equity durations that have outperformed sector peers during the past two weeks as rates rose and are expected to grow revenues in 2021. The median stock trades at a P/E ratio of 19x and has returned 7% YTD compared with 22x and 2% for the Russell 1000 median.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":367156226,"gmtCreate":1614925938265,"gmtModify":1703483042698,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/367156226","isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":364225203,"gmtCreate":1614857538402,"gmtModify":1703482048595,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/364225203","repostId":"1121663617","repostType":4,"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":365884686,"gmtCreate":1614727664845,"gmtModify":1703480312029,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/365884686","repostId":"2116999592","repostType":4,"isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362102687,"gmtCreate":1614604093949,"gmtModify":1703478727130,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/362102687","repostId":"1182493843","repostType":4,"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362109432,"gmtCreate":1614603705426,"gmtModify":1703478719969,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/362109432","repostId":"1182493843","repostType":4,"isVote":1,"tweetType":1,"viewCount":1000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362371984,"gmtCreate":1614602800748,"gmtModify":1703478706018,"author":{"id":"3577489264152975","authorId":"3577489264152975","name":"LJW1609","avatar":"https://static.tigerbbs.com/a3608fe9a02d0805427f5a68593c03d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362371984","repostId":"1161169607","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}