Big Tech’s Stock Market Leadership Is Threatened By Rising Rates_老虎社区_美港股上老虎

Big Tech’s Stock Market Leadership Is Threatened By Rising Rates

Bloomberg2021-10-03

(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up. Most ...

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478

Andrewinho
·2021-10-04
Tell me your opinion about this news...
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bwkhoo
·2021-10-04
We went through this before in March. I am sure we will get through this again.
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2
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KSONG
·2021-10-03
Ok
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2
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bwkhoo
·2021-10-03
In a few months time, rotation will be back to tech stocks again. This is how the game is played. Techs are part of our lives and no way it is going away.
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6
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- Tonica:
  hope you are right
  2021-10-03
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- SirBahamut:
  Ya
  2021-10-03
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Kitsonlin
·2021-10-03
Like
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4
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Dindindino
·2021-10-03
Like pls
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3
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- Lsh12:
  done
  2021-10-03
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US_watchlist
·2021-10-03
Please like and comment. Thanks
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2
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- Kitsonlin:
  Like
  2021-10-03
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- tpchng:
  ok
  2021-10-03
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Johnlimwt
·2021-10-03
Buy ?
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1
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- Johnlimwt:
  Don’t know
  2021-10-03
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newwen
·2021-10-03
Up
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1
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- newwen:
  up
  2021-10-03
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- newwen:
  up
  2021-10-03
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- newwen:
  hihi
  2021-10-03
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查看更多 2 条评论
Never ever f
·2021-10-03
Omg
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2
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987ce65
·2021-10-03
Sure
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2
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- HOTBE:
  ✌️
  2021-10-03
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GuSen
·2021-10-03
Tech is the future. Depends on your preference. All have its economic moats. Choose wisely.
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3
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Rickyt089
·2021-10-03
Big like
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3
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- GregLord:
  Liked
  2021-10-03
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Bloom88
·2021-10-03
😊
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2
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- DonOng:
  like
  2021-10-03
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kencarrot
·2021-10-03
Ok
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3
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- mwlnairda:
  Ok
  2021-10-03
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- Yongqi:
  Ok
  2021-10-03
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TanTG
·2021-10-03
pls like
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5
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- Bloom88:
  😀
  2021-10-03
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- cozyli:
  done pls like back. thks
  2021-10-03
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TTrade
·2021-10-03
A like pls. Have a good day.
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5
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- kencarrot:
  ok
  2021-10-03
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- cozyli:
  done pls like back. thks
  2021-10-03
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Eddieash
·2021-10-03
Like please ty.
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4
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- AndrewL:
  👍
  2021-10-03
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- TTrade:
  Oo
  2021-10-03
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- xiaoxiami:
  ok
  2021-10-03
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JerlinTan
·2021-10-03
pls like
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8
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- TanTG:
  ok
  2021-10-03
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- cozyli:
  done pls like back. thks
  2021-10-03
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JosephHo
·2021-10-03
Yes
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4
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But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOGL","symbol_name":"谷歌A","start_time":0,"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","article_id":"2172964606","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","pubTimestamp":1633229798,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOOGL":"谷歌A","AAPL":"苹果","GOOG":"谷歌","MSFT":"微软"},"translate_title":"大科技的股市领导地位受到利率上升的威胁","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9,"GOOG":0.9,"GOOGL":0.9,"MSFT":0.9},"content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":867582880,"gmtCreate":1633301667543,"gmtModify":1633301668270,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867582880","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":867517470,"gmtCreate":1633300914369,"gmtModify":1633300914903,"author":{"id":"3576444918223783","authorId":"3576444918223783","name":"bwkhoo","avatar":"https://static.tigerbbs.com/62d6e46769c7f3e2599cb62434f5f5c3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576444918223783","authorIdStr":"3576444918223783"},"htmlText":"We went through this before in March. I am sure we will get through this again.&nbsp;","listText":"We went through this before in March. I am sure we will get through this again.&nbsp;","text":"We went through this before in March. I am sure we will get through this again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867517470","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":867291528,"gmtCreate":1633267990030,"gmtModify":1633267990347,"author":{"id":"3573608981633568","authorId":"3573608981633568","name":"KSONG","avatar":"https://static.tigerbbs.com/0cac42cab0c725d4b65ec3d804892fc9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573608981633568","authorIdStr":"3573608981633568"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867291528","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":867694752,"gmtCreate":1633247790553,"gmtModify":1633247791078,"author":{"id":"3576444918223783","authorId":"3576444918223783","name":"bwkhoo","avatar":"https://static.tigerbbs.com/62d6e46769c7f3e2599cb62434f5f5c3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576444918223783","authorIdStr":"3576444918223783"},"htmlText":"In a&nbsp;few months time,&nbsp;rotation will be back to tech stocks&nbsp;again.&nbsp;This is how the game is played. Techs are part of our lives and no way it is going away.&nbsp;","listText":"In a&nbsp;few months time,&nbsp;rotation will be back to tech stocks&nbsp;again.&nbsp;This is how the game is played. Techs are part of our lives and no way it is going away.&nbsp;","text":"In a few months time, rotation will be back to tech stocks again. This is how the game is played. Techs are part of our lives and no way it is going away.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867694752","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6078359,"gmtCreate":1633255128416,"gmtModify":1634723192658,"authorId":4093583449913140,"author":{"id":4093583449913140,"idStr":"4093583449913140","authorId":4093583449913140,"name":"Tonica","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867694752,"type":1,"supId":0,"prevId":0,"content":"hope you are <u>right</u>","text":"hope you are <u>right</u>","html":"hope you are <u>right</u>"},{"id":6078670,"gmtCreate":1633259347436,"gmtModify":1634723163207,"authorId":3581734227956830,"author":{"id":3581734227956830,"idStr":"3581734227956830","authorId":3581734227956830,"name":"SirBahamut","avatar":"https://static.tigerbbs.com/98035de918c1759870078e69640b8281","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867694752,"type":1,"supId":6078359,"prevId":0,"content":"Ya","text":"Ya","html":"Ya"}],"langContent":"CN"},{"id":867877733,"gmtCreate":1633244249537,"gmtModify":1633244249667,"author":{"id":"4088412711170620","authorId":"4088412711170620","name":"Kitsonlin","avatar":"https://static.tigerbbs.com/f4c50ef7ee78d822dd86b84cd4150c59","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088412711170620","authorIdStr":"4088412711170620"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867877733","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":867872627,"gmtCreate":1633243704627,"gmtModify":1633243704869,"author":{"id":"3585008979244156","authorId":"3585008979244156","name":"Dindindino","avatar":"https://static.tigerbbs.com/8aa54f4d7f1ed33d80d2d8d18918fb30","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585008979244156","authorIdStr":"3585008979244156"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867872627","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6077538,"gmtCreate":1633243949128,"gmtModify":1634723263592,"authorId":3583572791217717,"author":{"id":3583572791217717,"idStr":"3583572791217717","authorId":3583572791217717,"name":"Lsh12","avatar":"https://static.tigerbbs.com/6321d7615da9181e53013ad0f965085b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867872627,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"CN"},{"id":867871508,"gmtCreate":1633243036884,"gmtModify":1633243037801,"author":{"id":"3581244873474125","authorId":"3581244873474125","name":"US_watchlist","avatar":"https://static.tigerbbs.com/c45e6bbe1cefb0fecde067a20b3c788f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581244873474125","authorIdStr":"3581244873474125"},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867871508","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6077572,"gmtCreate":1633244260529,"gmtModify":1634723260756,"authorId":4088412711170620,"author":{"id":4088412711170620,"idStr":"4088412711170620","authorId":4088412711170620,"name":"Kitsonlin","avatar":"https://static.tigerbbs.com/f4c50ef7ee78d822dd86b84cd4150c59","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867871508,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"},{"id":6078007,"gmtCreate":1633249665283,"gmtModify":1634723223270,"authorId":3586661243815471,"author":{"id":3586661243815471,"idStr":"3586661243815471","authorId":3586661243815471,"name":"tpchng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867871508,"type":1,"supId":6077572,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":867844375,"gmtCreate":1633242146725,"gmtModify":1633242147066,"author":{"id":"3578545886341911","authorId":"3578545886341911","name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578545886341911","authorIdStr":"3578545886341911"},"htmlText":"Buy ?","listText":"Buy ?","text":"Buy ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867844375","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6077370,"gmtCreate":1633242165428,"gmtModify":1634723280932,"authorId":3578545886341911,"author":{"id":3578545886341911,"idStr":"3578545886341911","authorId":3578545886341911,"name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867844375,"type":1,"supId":0,"prevId":0,"content":"Don’t know","text":"Don’t know","html":"Don’t know"}],"langContent":"CN"},{"id":867855609,"gmtCreate":1633241025647,"gmtModify":1633241512057,"author":{"id":"3577937302028167","authorId":"3577937302028167","name":"newwen","avatar":"https://static.tigerbbs.com/4c72fb9a7e595dfd0c2e4e983607d1d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577937302028167","authorIdStr":"3577937302028167"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":16,"repostSize":0,"link":"https://laohu8.com/post/867855609","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6077199,"gmtCreate":1633241032769,"gmtModify":1634723298027,"authorId":3577937302028167,"author":{"id":3577937302028167,"idStr":"3577937302028167","authorId":3577937302028167,"name":"newwen","avatar":"https://static.tigerbbs.com/4c72fb9a7e595dfd0c2e4e983607d1d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867855609,"type":1,"supId":0,"prevId":0,"content":"<u>up</u>","text":"<u>up</u>","html":"<u>up</u>"},{"id":6077244,"gmtCreate":1633241331255,"gmtModify":1634723293458,"authorId":3577937302028167,"author":{"id":3577937302028167,"idStr":"3577937302028167","authorId":3577937302028167,"name":"newwen","avatar":"https://static.tigerbbs.com/4c72fb9a7e595dfd0c2e4e983607d1d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867855609,"type":1,"supId":6077199,"prevId":0,"content":"<u>up</u>","text":"<u>up</u>","html":"<u>up</u>"},{"id":6077246,"gmtCreate":1633241336557,"gmtModify":1634723293349,"authorId":3577937302028167,"author":{"id":3577937302028167,"idStr":"3577937302028167","authorId":3577937302028167,"name":"newwen","avatar":"https://static.tigerbbs.com/4c72fb9a7e595dfd0c2e4e983607d1d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867855609,"type":1,"supId":6077199,"prevId":0,"content":"<u>hihi</u>","text":"<u>hihi</u>","html":"<u>hihi</u>"},{"id":6077248,"gmtCreate":1633241345450,"gmtModify":1634723293132,"authorId":3577937302028167,"author":{"id":3577937302028167,"idStr":"3577937302028167","authorId":3577937302028167,"name":"newwen","avatar":"https://static.tigerbbs.com/4c72fb9a7e595dfd0c2e4e983607d1d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867855609,"type":1,"supId":6077199,"prevId":0,"content":"😍😍😍","text":"😍😍😍","html":"😍😍😍"},{"id":6077253,"gmtCreate":1633241356115,"gmtModify":1634723292697,"authorId":3577937302028167,"author":{"id":3577937302028167,"idStr":"3577937302028167","authorId":3577937302028167,"name":"newwen","avatar":"https://static.tigerbbs.com/4c72fb9a7e595dfd0c2e4e983607d1d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867855609,"type":1,"supId":6077199,"prevId":0,"content":"😁😁😁","text":"😁😁😁","html":"😁😁😁"}],"langContent":"CN"},{"id":867853535,"gmtCreate":1633240651756,"gmtModify":1633240652703,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"Never ever f","avatar":"https://static.tigerbbs.com/52501d43721648c944a019db9c767c5d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867853535","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":867862186,"gmtCreate":1633238210673,"gmtModify":1633238211043,"author":{"id":"3582709856792743","authorId":"3582709856792743","name":"987ce65","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582709856792743","authorIdStr":"3582709856792743"},"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867862186","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076881,"gmtCreate":1633238700245,"gmtModify":1634723328537,"authorId":3576325295778787,"author":{"id":3576325295778787,"idStr":"3576325295778787","authorId":3576325295778787,"name":"HOTBE","avatar":"https://static.tigerbbs.com/4f535d0d25c5b9833a0f75cd652fbbcd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867862186,"type":1,"supId":0,"prevId":0,"content":"✌️","text":"✌️","html":"✌️"}],"langContent":"CN"},{"id":867869968,"gmtCreate":1633237899258,"gmtModify":1633244385367,"author":{"id":"3581847021927100","authorId":"3581847021927100","name":"GuSen","avatar":"https://static.tigerbbs.com/1b70044f21c62e929a7c4b5157b5a273","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581847021927100","authorIdStr":"3581847021927100"},"htmlText":"Tech is the future. Depends on your preference. All have its economic moats. Choose wisely.","listText":"Tech is the future. Depends on your preference. All have its economic moats. Choose wisely.","text":"Tech is the future. Depends on your preference. All have its economic moats. Choose wisely.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867869968","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":867888632,"gmtCreate":1633237392648,"gmtModify":1633237392927,"author":{"id":"3571612770300673","authorId":"3571612770300673","name":"Rickyt089","avatar":"https://static.tigerbbs.com/4e75fb09fa53aa8d7db329d6599d40c1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3571612770300673","authorIdStr":"3571612770300673"},"htmlText":"Big like","listText":"Big like","text":"Big like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867888632","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076677,"gmtCreate":1633237409283,"gmtModify":1634723347081,"authorId":3575618581298660,"author":{"id":3575618581298660,"idStr":"3575618581298660","authorId":3575618581298660,"name":"GregLord","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867888632,"type":1,"supId":0,"prevId":0,"content":"Liked","text":"Liked","html":"Liked"}],"langContent":"CN"},{"id":867881728,"gmtCreate":1633237346088,"gmtModify":1633237346470,"author":{"id":"3579815534956625","authorId":"3579815534956625","name":"Bloom88","avatar":"https://static.tigerbbs.com/033cde0577d9fb0c09cb6a7956e22236","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579815534956625","authorIdStr":"3579815534956625"},"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867881728","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6077057,"gmtCreate":1633239815318,"gmtModify":1634723311848,"authorId":3584847656643563,"author":{"id":3584847656643563,"idStr":"3584847656643563","authorId":3584847656643563,"name":"DonOng","avatar":"https://static.tigerbbs.com/54759d027c86613457f9642d36d1623a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867881728,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"}],"langContent":"CN"},{"id":867880159,"gmtCreate":1633237082091,"gmtModify":1633237106564,"author":{"id":"3581764784067746","authorId":"3581764784067746","name":"kencarrot","avatar":"https://static.tigerbbs.com/99bb3314847ae532130ee6780cc9cd98","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581764784067746","authorIdStr":"3581764784067746"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867880159","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076611,"gmtCreate":1633237089875,"gmtModify":1634723354180,"authorId":3567423611057591,"author":{"id":3567423611057591,"idStr":"3567423611057591","authorId":3567423611057591,"name":"mwlnairda","avatar":"https://static.tigerbbs.com/98729f78c147e999683a15cff1ffbc62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867880159,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6076628,"gmtCreate":1633237203786,"gmtModify":1634723352318,"authorId":3584768136673058,"author":{"id":3584768136673058,"idStr":"3584768136673058","authorId":3584768136673058,"name":"Yongqi","avatar":"https://static.tigerbbs.com/3a99d7310fc3da59d344d6a477031fc1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867880159,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":867817701,"gmtCreate":1633237070059,"gmtModify":1633237103287,"author":{"id":"4087280747915780","authorId":"4087280747915780","name":"TanTG","avatar":"https://static.tigerbbs.com/34405b5acf0c803871e644cb41423faa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087280747915780","authorIdStr":"4087280747915780"},"htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867817701","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076665,"gmtCreate":1633237334377,"gmtModify":1634723348276,"authorId":3579815534956625,"author":{"id":3579815534956625,"idStr":"3579815534956625","authorId":3579815534956625,"name":"Bloom88","avatar":"https://static.tigerbbs.com/033cde0577d9fb0c09cb6a7956e22236","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817701,"type":1,"supId":0,"prevId":0,"content":"😀","text":"😀","html":"😀"},{"id":6076698,"gmtCreate":1633237506238,"gmtModify":1634723345013,"authorId":3574167470846346,"author":{"id":3574167470846346,"idStr":"3574167470846346","authorId":3574167470846346,"name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817701,"type":1,"supId":0,"prevId":0,"content":"done pls like back. thks","text":"done pls like back. thks","html":"done pls like back. thks"}],"langContent":"CN"},{"id":867817448,"gmtCreate":1633237060422,"gmtModify":1633237103067,"author":{"id":"3586831371389056","authorId":"3586831371389056","name":"TTrade","avatar":"https://static.tigerbbs.com/7b6cfcc78c6b699734a72ed6f5035153","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3586831371389056","authorIdStr":"3586831371389056"},"htmlText":"A like pls. Have a good day.&nbsp;","listText":"A like pls. Have a good day.&nbsp;","text":"A like pls. Have a good day.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867817448","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076610,"gmtCreate":1633237075647,"gmtModify":1634723354289,"authorId":3581764784067746,"author":{"id":3581764784067746,"idStr":"3581764784067746","authorId":3581764784067746,"name":"kencarrot","avatar":"https://static.tigerbbs.com/99bb3314847ae532130ee6780cc9cd98","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817448,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":6076699,"gmtCreate":1633237525138,"gmtModify":1634723344905,"authorId":3574167470846346,"author":{"id":3574167470846346,"idStr":"3574167470846346","authorId":3574167470846346,"name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817448,"type":1,"supId":0,"prevId":0,"content":"done pls like back. thks","text":"done pls like back. thks","html":"done pls like back. thks"}],"langContent":"CN"},{"id":867817264,"gmtCreate":1633236976597,"gmtModify":1633236976962,"author":{"id":"3581678169581963","authorId":"3581678169581963","name":"Eddieash","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581678169581963","authorIdStr":"3581678169581963"},"htmlText":"Like please ty.","listText":"Like please ty.","text":"Like please ty.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/867817264","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076601,"gmtCreate":1633236987722,"gmtModify":1634723355052,"authorId":3571815908504020,"author":{"id":3571815908504020,"idStr":"3571815908504020","authorId":3571815908504020,"name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817264,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":6076608,"gmtCreate":1633237066111,"gmtModify":1634723354506,"authorId":3586831371389056,"author":{"id":3586831371389056,"idStr":"3586831371389056","authorId":3586831371389056,"name":"TTrade","avatar":"https://static.tigerbbs.com/7b6cfcc78c6b699734a72ed6f5035153","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817264,"type":1,"supId":0,"prevId":0,"content":"Oo","text":"Oo","html":"Oo"},{"id":6077216,"gmtCreate":1633241163207,"gmtModify":1634723296395,"authorId":3585182376526952,"author":{"id":3585182376526952,"idStr":"3585182376526952","authorId":3585182376526952,"name":"xiaoxiami","avatar":"https://static.tigerbbs.com/16e6d77d95ad36c90962b4bd75fa83d6","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817264,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":867817099,"gmtCreate":1633236936938,"gmtModify":1633236937478,"author":{"id":"3581853725647272","authorId":"3581853725647272","name":"JerlinTan","avatar":"https://static.tigerbbs.com/06e97d9d1f6e585d5dc673ff8fcc8386","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581853725647272","authorIdStr":"3581853725647272"},"htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867817099","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6076613,"gmtCreate":1633237097377,"gmtModify":1634723353963,"authorId":4087280747915780,"author":{"id":4087280747915780,"idStr":"4087280747915780","authorId":4087280747915780,"name":"TanTG","avatar":"https://static.tigerbbs.com/34405b5acf0c803871e644cb41423faa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817099,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":6076700,"gmtCreate":1633237540327,"gmtModify":1634723344796,"authorId":3574167470846346,"author":{"id":3574167470846346,"idStr":"3574167470846346","authorId":3574167470846346,"name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":867817099,"type":1,"supId":0,"prevId":0,"content":"done pls like back. thks","text":"done pls like back. thks","html":"done pls like back. thks"}],"langContent":"CN"},{"id":867814587,"gmtCreate":1633236844480,"gmtModify":1633236845312,"author":{"id":"3575260924648045","authorId":"3575260924648045","name":"JosephHo","avatar":"https://static.tigerbbs.com/b18bd342ec6a173ee43df6269f056c9b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575260924648045","authorIdStr":"3575260924648045"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867814587","repostId":2172964606,"repostType":4,"repost":{"id":"2172964606","kind":"news","pubTimestamp":1633229798,"share":"https://www.laohu8.com/m/news/2172964606?lang=&edition=full","pubTime":"2021-10-03 10:56","market":"us","language":"en","title":"Big Tech’s Stock Market Leadership Is Threatened By Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2172964606","media":"Bloomberg","summary":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and ri","content":"<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.</p>\n<p>Most Read from Bloomberg</p>\n<ul>\n <li>Wall Street Titans Warn of the Next Big Risks for Investors</li>\n <li>An Unapologetic Old Boys’ Network Is Costing Australia Billions</li>\n <li>The Unstoppable Appeal of Highway Expansion</li>\n <li>The Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought</li>\n <li>Reshaped by Crisis, an&nbsp;‘Anti-Biennial’ Reimagines Chicago</li>\n</ul>\n<p>Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.</p>\n<p>The reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.</p>\n<p>“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.</p>\n<p>Surprising Speed</p>\n<p>Investors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.</p>\n<p>The 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.</p>\n<p>For Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.</p>\n<p>“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”</p>\n<p>Others argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.</p>\n<p>“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.</p>\n<p>Go For Growth</p>\n<p>Of course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.</p>\n<p>The five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.</p>\n<p>It’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.</p>\n<p>Boston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.</p>\n<p>“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”</p>","source":"yahoofinance","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>Big Tech’s Stock Market Leadership Is Threatened By Rising Rates</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\">\nBig Tech’s Stock Market Leadership Is Threatened By Rising Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-03 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c385ae509a8a1f0b4baeb499e3e1e69a","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","GOOG":"谷歌","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/big-tech-stock-market-leadership-200000062.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2172964606","content_text":"(Bloomberg) -- Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up.\nMost Read from Bloomberg\n\nWall Street Titans Warn of the Next Big Risks for Investors\nAn Unapologetic Old Boys’ Network Is Costing Australia Billions\nThe Unstoppable Appeal of Highway Expansion\nThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and Drought\nReshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago\n\nApple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This week was different, as a selloff erased more than $300 billion from their combined market value and sent the Nasdaq 100 to its worst week since late February.\nThe reason? A sudden spike in Treasury yields that sent tremors through Wall Street, causing investors to flee stocks with the highest valuations because their distant earnings gains will be less valuable as rates rise. The moves exposed a rare vulnerability for tech giants, whose strong balance sheets, powerful profit engines and steady business models have kept them going through periods of tumult and transformed them into a quasi-safety trade.\n“Their Achilles heel is higher rates,” said Mike Mullaney, director of global market research at Boston Partners.\nSurprising Speed\nInvestors have been warning for months that U.S. bond yields were bound to rise with inflation climbing and the Federal Reserve preparing to rein in its asset purchases aimed at stimulating the economy. Now that those predictions are starting to come true, the big question on Wall Street is what kind of bond-market action could trigger more bleeding.\nThe 10-year Treasury yield rose above 1.5% on Monday, the first time it’s done so since June, and settled at 1.47% on Friday. Those rates are used to discount the value of future cash flows. The higher the yields go, the less those profits are worth now.\nFor Ted Mortonson, a technology strategist at Baird, the next important level to watch is the March closing high of 1.74%. A roughly 50 basis point advance in the yield in February helped fuel an 11% swoon in the Nasdaq 100 Stock Index and revisiting that level could play out in a similar fashion, he said.\n“A lot of people are going to be making some major changes to their portfolios” if yields push past those levels, he said in an interview. “Money is going to keep rotating out of tech.”\nOthers argue the speed of the advance is the most critical factor. After trading in a roughly 10 basis point range for most of the past two months, the 10-year yield jumped more than 20 basis points in four days beginning on Sept. 23.\n“The sharpness of the move on the Treasury yield caught the market off guard,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said in an interview. He thinks it’s only a matter of time until the 10-year yield tests its March high. “The general direction is still higher, which I think means that tech will continue to struggle,” he said.\nGo For Growth\nOf course, Wall Street remains overwhelmingly bullish on megacap tech. All 58 analysts who cover Amazon.com have buy ratings, despite the fact that its shares are now flat for the year. Apple, the second worst-performer in the group with a 7.5% advance since the start of the year, has buy ratings from three-quarters of analysts.\nThe five companies are each projected to report quarterly revenue growth of 16% or more in the upcoming earnings season, according to the average of analyst estimates compiled by Bloomberg. In particular, Apple, Alphabet and Facebook are expected to post more than 30% increases in revenues from the same period a year ago.\nIt’s that growth and earnings power that will continue to draw investors to tech megacaps even with higher interest rates, according to Anthony Saglimbene, global market strategist at Ameriprise Financial. He’s been advising clients to buy quality technology stocks on pullbacks. Many investors did just that on Friday, sending Microsoft and Alphabet shares up more than 2%.\nBoston Partners’ Mullaney agrees to an extent, pointing out that big technology stocks have delivered profits that justify their lofty valuations and can continue to outperform even with higher rates if economic growth starts to wane.\n“When people get scared about growth, they buy tech,” he said. “That is where you want to go for pure growth.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":478,"commentSize":148,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}