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小虎仁
小虎仁
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2021-11-13
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Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.
Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Mo
Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.
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2021-06-26
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2021-06-24
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2021-05-27
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AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.
Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally
AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.
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2021-05-12
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2021-05-11
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2021-05-10
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Inflation: Will It Stay or Will It Go?
Will inflation prove a bump in the road of higher economic growth, or will it transform into a monst
Inflation: Will It Stay or Will It Go?
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2021-05-09
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2021-05-08
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Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’
Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue Un
Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’
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2021-05-06
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11:00","market":"us","language":"en","title":"Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102251183","media":"Barrons","summary":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Mo","content":"<p>Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.</p>\n<p>“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.</p>\n<p>Two years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.</p>\n<p>Bourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.</p>\n<p>In a cover story in November 2019, <i>Barron’s</i> argued that Bourla and Dolsten could pull it off.</p>\n<p>The new antiviral data reaffirms the case for Pfizer that <i>Barron’s</i> made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.</p>\n<p>Pfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like Johnson & Johnson (JNJ) and Eli Lilly (LLY).</p>\n<p>The Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.</p>\n<p>The worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.</p>\n<p>The success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.</p>\n<p>While Pfizer’s Covid-19 vaccine came out of the labs of the German biotech BioNTech (BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.</p>\n<p>In the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.</p>\n<p>The antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.</p>\n<p>“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.</p>\n<p>Dolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.</p>\n<p>“[Pfizer’s] pharmaceutical R&D is better than people had thought.”</p>\n<p>The protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.</p>\n<p>“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.</p>\n<p>Pfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from Merck (MRK).</p>\n<p>“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.</p>\n<p>Chen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.</p>\n<p>“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”</p>\n<p>That makes a bet on Pfizer a long-term play. In the meantime, the experience of Moderna (MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.</p>\n<p>Biden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”</p>\n<p>Moderna shares are down more than 40% over the past three months.</p>\n<p>As the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling <i>Barron’s</i> that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.</p>\n<p>When it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.</p>\n<p>That contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.</p>\n<p>Dolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”</p>\n<p>Such a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.</p>\n<p>An aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.</p>","source":"lsy1601382232898","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>Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.</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\">\nPfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-13 11:00 GMT+8 <a href=https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that...</p>\n\n<a href=\"https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102251183","content_text":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.\n“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.\nTwo years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.\nBourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.\nIn a cover story in November 2019, Barron’s argued that Bourla and Dolsten could pull it off.\nThe new antiviral data reaffirms the case for Pfizer that Barron’s made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.\nPfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like Johnson & Johnson (JNJ) and Eli Lilly (LLY).\nThe Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.\nThe worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.\nThe success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.\nWhile Pfizer’s Covid-19 vaccine came out of the labs of the German biotech BioNTech (BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.\nIn the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.\nThe antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.\n“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.\nDolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.\n“[Pfizer’s] pharmaceutical R&D is better than people had thought.”\nThe protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.\n“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.\nPfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from Merck (MRK).\n“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.\nChen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.\n“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”\nThat makes a bet on Pfizer a long-term play. In the meantime, the experience of Moderna (MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.\nBiden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”\nModerna shares are down more than 40% over the past three months.\nAs the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling Barron’s that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.\nWhen it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.\nThat contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.\nDolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”\nSuch a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.\nAn aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":125249109,"gmtCreate":1624677021601,"gmtModify":1633949700884,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like And comment","listText":"like And comment","text":"like And comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/125249109","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128709063,"gmtCreate":1624529907352,"gmtModify":1634004829410,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/128709063","repostId":"1100684336","repostType":4,"isVote":1,"tweetType":1,"viewCount":614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132563975,"gmtCreate":1622100089797,"gmtModify":1634183846470,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/132563975","repostId":"1157159209","repostType":4,"repost":{"id":"1157159209","kind":"news","pubTimestamp":1622099729,"share":"https://www.laohu8.com/m/news/1157159209?lang=&edition=full","pubTime":"2021-05-27 15:15","market":"us","language":"en","title":"AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.","url":"https://stock-news.laohu8.com/highlight/detail?id=1157159209","media":"Barrons","summary":"Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally ","content":"<p>Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally that highlights two radically different approaches to stocks: that of the retail traders chatting online about the potential for short squeezes, and traditional Wall Street research. The so-called meme-stock duo, generally panned by Wall Street analysts but loved on forums like Reddit’s WallStreetBets and AMCStock, have advanced mostly in tandem in the past month. AMC stock (ticker: AMC) was up 19% to $19.56 Wednesday afternoon, while GameStop (GME) gained 16% to $242.32. Shares of fellow meme stocks Express (EXPR) and BlackBerry (BB) had surged 26% and 10%, respectively.</p>\n<p>For AMC, the latest jump came despite a change in view by the only analyst tracked by FactSet who had listed the stock at Buy. B. Riley analyst Eric Wold lowered his rating to Neutral, saying in a research note the stock’s recent surge left it well above his recently set $16 target for the price. He added that he didn’t think he could justify moving that target higher, given that the price now reflected AMC’s potential to benefit as vaccinations allow the public to go to the movies,the fact that theaters remain important in film distribution,and the company’s efforts to strengthen its balance sheet.</p>\n<p>Of course, given that the shares are moving in line with GameStop and other meme stocks, there are likely other factors at play. Both AMC and GameStop stock were highly shorted by Wall Street firms who saw a chance to benefit as pandemic-related shutdowns worsened problems the pair faced before Covid-19 emerged.</p>\n<p>That backfired tremendously early this year as retail investors bought the stocks, forcing the funds to buy as well to close out their negative bets. Prices skyrocketed.</p>\n<p>Ihor Dusaniwsky, managing director at short selling analytics firm S3 Partners, told<i>Barron’s</i>short sellers were collectively down $6.7 billion in year-to-date losses on GameStop, including $382.7 million on Wednesday, alone. AMC short sellers were down $1.37 billion year to date, including $290.7 million on Wednesday.</p>\n<p>S3 Partners estimates GameStop short interest sits at 11.55 million shares, or 20.3% of the shares available for trading. For AMC, S3 estimates a short interest of 92.29 million shares, or 20.6%. Dusaniwsky notes that both stocks still possess a high potential for a bigger squeeze, though it will depend on price moves.</p>\n<p>“We have started to see some short covering in GME as mark-to-market losses mount on the short side,” Dusaniwsky said. “AMC short sellers are still adding to their positions, albeit slightly, even though AMC’s stock price has been rallying.”</p>\n<p>The stocks’ passionate fans, meanwhile, have themselves become a shareholder constituency,as AMC CEO Adam Aron characterized them on the company’s earnings call earlier this month. The Reddit users see themselves as fighting a battle against Wall Street insiders that they believe rig markets against the average investor.</p>\n<p>Wold, the B. Riley analyst, told<i>Barron’s</i>that while the latest move for AMC has included nonfundamental factors, such as the potential for a short squeeze, he does believe investors are now more upbeat about its ability to avoid bankruptcy. Recent sales of stock have strengthened its balance sheet, he said.</p>\n<p>“It’s always difficult to comment repeatedly on any social media aspects that may or may not be influencing a stock price, but in this case, it was one that likely helped to take AMC to a place of surviving the pandemic vs. facing liquidation scenarios,” Wold said. “And with the number of retail investors likely now eclipsing the number of institutional investors through the various [at-the-market] equity programs in recent months, it makes sense that it’s becoming an increasing area of interest with the AMC story and to AMC management in general.”</p>\n<p>Wedbush analyst Michael Pachter, who has a Sell rating and $39 price target on GameStop, likened the situation for Wall Street to a radiologist diagnosing a cancer, but not its cause. He said he is paid to tell investors what a company will earn in the future, but it is their job to figure out entry and exit points.</p>\n<p>“Yes, there are a lot of analysts who play along and have crazy high targets for momentum darlings, but I use comps to value the companies I cover,” he said. “If the comp base isn’t going up, I don’t make an exception for the outlier. I am completely unconcerned about the impact of Reddit Raiders and the short squeeze, it has no impact on what GME or AMC will earn this year and next.”</p>\n<p>For now though, it is hard to argue against what potential short squeezes could mean for the stocks.</p>","source":"lsy1601382232898","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>AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.</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\">\nAMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren’t Focused on Reddit, Potential Short Squeezes.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 15:15 GMT+8 <a href=https://www.barrons.com/articles/amc-gamestop-meme-stock-squeeze-51622060656?mod=hp_LEAD_4><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally that highlights two radically different approaches to stocks: that of the retail traders chatting ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-gamestop-meme-stock-squeeze-51622060656?mod=hp_LEAD_4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","BB":"黑莓","EXPR":"Express, Inc."},"source_url":"https://www.barrons.com/articles/amc-gamestop-meme-stock-squeeze-51622060656?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157159209","content_text":"Shares of AMC Entertainment and GameStop posted double-digit jumps on Wednesday, continuing a rally that highlights two radically different approaches to stocks: that of the retail traders chatting online about the potential for short squeezes, and traditional Wall Street research. The so-called meme-stock duo, generally panned by Wall Street analysts but loved on forums like Reddit’s WallStreetBets and AMCStock, have advanced mostly in tandem in the past month. AMC stock (ticker: AMC) was up 19% to $19.56 Wednesday afternoon, while GameStop (GME) gained 16% to $242.32. Shares of fellow meme stocks Express (EXPR) and BlackBerry (BB) had surged 26% and 10%, respectively.\nFor AMC, the latest jump came despite a change in view by the only analyst tracked by FactSet who had listed the stock at Buy. B. Riley analyst Eric Wold lowered his rating to Neutral, saying in a research note the stock’s recent surge left it well above his recently set $16 target for the price. He added that he didn’t think he could justify moving that target higher, given that the price now reflected AMC’s potential to benefit as vaccinations allow the public to go to the movies,the fact that theaters remain important in film distribution,and the company’s efforts to strengthen its balance sheet.\nOf course, given that the shares are moving in line with GameStop and other meme stocks, there are likely other factors at play. Both AMC and GameStop stock were highly shorted by Wall Street firms who saw a chance to benefit as pandemic-related shutdowns worsened problems the pair faced before Covid-19 emerged.\nThat backfired tremendously early this year as retail investors bought the stocks, forcing the funds to buy as well to close out their negative bets. Prices skyrocketed.\nIhor Dusaniwsky, managing director at short selling analytics firm S3 Partners, toldBarron’sshort sellers were collectively down $6.7 billion in year-to-date losses on GameStop, including $382.7 million on Wednesday, alone. AMC short sellers were down $1.37 billion year to date, including $290.7 million on Wednesday.\nS3 Partners estimates GameStop short interest sits at 11.55 million shares, or 20.3% of the shares available for trading. For AMC, S3 estimates a short interest of 92.29 million shares, or 20.6%. Dusaniwsky notes that both stocks still possess a high potential for a bigger squeeze, though it will depend on price moves.\n“We have started to see some short covering in GME as mark-to-market losses mount on the short side,” Dusaniwsky said. “AMC short sellers are still adding to their positions, albeit slightly, even though AMC’s stock price has been rallying.”\nThe stocks’ passionate fans, meanwhile, have themselves become a shareholder constituency,as AMC CEO Adam Aron characterized them on the company’s earnings call earlier this month. The Reddit users see themselves as fighting a battle against Wall Street insiders that they believe rig markets against the average investor.\nWold, the B. Riley analyst, toldBarron’sthat while the latest move for AMC has included nonfundamental factors, such as the potential for a short squeeze, he does believe investors are now more upbeat about its ability to avoid bankruptcy. Recent sales of stock have strengthened its balance sheet, he said.\n“It’s always difficult to comment repeatedly on any social media aspects that may or may not be influencing a stock price, but in this case, it was one that likely helped to take AMC to a place of surviving the pandemic vs. facing liquidation scenarios,” Wold said. “And with the number of retail investors likely now eclipsing the number of institutional investors through the various [at-the-market] equity programs in recent months, it makes sense that it’s becoming an increasing area of interest with the AMC story and to AMC management in general.”\nWedbush analyst Michael Pachter, who has a Sell rating and $39 price target on GameStop, likened the situation for Wall Street to a radiologist diagnosing a cancer, but not its cause. He said he is paid to tell investors what a company will earn in the future, but it is their job to figure out entry and exit points.\n“Yes, there are a lot of analysts who play along and have crazy high targets for momentum darlings, but I use comps to value the companies I cover,” he said. “If the comp base isn’t going up, I don’t make an exception for the outlier. I am completely unconcerned about the impact of Reddit Raiders and the short squeeze, it has no impact on what GME or AMC will earn this year and next.”\nFor now though, it is hard to argue against what potential short squeezes could mean for the stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193785441,"gmtCreate":1620821048283,"gmtModify":1634196080088,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"pls like and comment","listText":"pls like and comment","text":"pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/193785441","repostId":"1106026658","repostType":4,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199632662,"gmtCreate":1620698917456,"gmtModify":1634197008109,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/199632662","repostId":"2134551566","repostType":4,"isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190210805,"gmtCreate":1620622482307,"gmtModify":1634197601024,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/190210805","repostId":"1112136236","repostType":4,"repost":{"id":"1112136236","kind":"news","pubTimestamp":1620616606,"share":"https://www.laohu8.com/m/news/1112136236?lang=&edition=full","pubTime":"2021-05-10 11:16","market":"us","language":"en","title":"Inflation: Will It Stay or Will It Go?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112136236","media":"thestreet","summary":"Will inflation prove a bump in the road of higher economic growth, or will it transform into a monst","content":"<p>Will inflation prove a bump in the road of higher economic growth, or will it transform into a monster that will run out of control, eventually taking rates up with it?</p><p>Federal Reserve Chairman Jerome Powellis saying publicly he views rising prices as \"transitory,\" butothers aren't so sure-- as costs of raw materials like lumberand steel rise, the value of used cars climb, computerchipssee a supply squeeze, restaurants reopen, and oil appears to make a comeback.</p><p>\"These things are all quite distorted by the pandemic and by the reopening following the pandemic,\"Capital Economics' economist Jennifer McKeown told<i>TheStreet</i>during a recent phone call.</p><p><i>TheStreet</i>spoke about inflation with McKeown, who is the head of the Global Economics Service at Capital Economics, and who had previously worked for five years at the Bank of England.</p><p>Here the London-based economist discusses rising prices, how much to expect they will go up and whether they could prove permanent, how the Fed might react, and what to watch as we track the consumer price index, or CPI, that basket of goods that includes costs of a variety of consumer products and services, like energy, food, transportation and medical care. All of these areas are now seeing different price trends, after more than a year of a raging pandemic, lockdowns, social distancing, work-from-home policies, stimulus spending and, now, signs of recovery.</p><p>The following has been lightly edited for clarity and brevity.</p><p><b><i>TheStreet:</i></b>A big real estate investor,Sam Zell, recently said he sees similarities to inflation of the 1970s. It seems hard to see how that is possible….</p><p><b>McKeown:</b>So we’re expecting some inflation … but like 2.5% or 3%, not 5% to 10%, not the kind of 1970s-type rates. For that to happen, you probably would need less competition -- less global competition -- and you’d need to have stronger unions -- stronger institutions -- that would bid up wages. Also, demographically, we’re in a very different position now from the one we were in during the 1970s. ... While we are looking at a probable rise in inflation in the U.S., it’s not going to be anything like in the 1970s.</p><p><b><i>TheStreet:</i></b>Now, there’s a debate over whether inflation is transitory or not. We’ve seen several headlines just this past week arguing one way or the other and some are looking at lumber prices and other raw materials costs. Are you able to give some perspective on that, at least on inflation in the U.S.?</p><p><b>McKeown:</b>The effects related to lumber and to steel, which has risen very sharply, those should prove transient.… They’ve risen so high already, that they should be due to come back a bit. One issue in metals, for instance, is that steel production in the U.S. is still relatively depressed. It takes a very long time for it to come back on stream after the kinds of lockdowns and closures that we’ve had. So, it’s not that surprising that we see increases in prices, but those should come off.</p><p>The big question, though, is not whether these commodity prices go up and up and up, but their impact on prices and on manufacturers’ costs. We are starting to see in business surveys that show manufacturers are starting to say that they have had a very sharp increase in their costs, and they’re starting to pass that through to consumers. The question is whether those price increases start to generate other price increases, and, in particular, do they start to play a role in wages?</p><p>Even a temporary rise in commodity prices can have an effect on wages, if people are seeing those high bills – whether it be on fuel or food – and then demand higher wages because of it. And then, whether the labor market is in a strong enough position to grant those wage increases.</p><p>So, that is the big question now. What we’re seeing is that in the U.S., there are some signs over growing wage pressure and there are some signs of labor shortages, which would be expected to generate some wage pressure. But outside the U.S. – in Europe, for example – that is not the case. The risk of sustained inflation is much higher in the U.S. than in Europe.</p><p><b><i>TheStreet:</i></b>Is it possible the pandemic could add to unknowns in employment that could affect inflation? For example, what if a significant number of people who were working in restaurants or retail or even teaching decide they want to change careers after a year of disruption?</p><p><b>McKeown:</b>It could, but it depends really on the extent of mismatch between the jobs people are wanting and the jobs that they are qualified to do – and the jobs that are available. If there are fewer people who want to work in restaurants, for example, then that is going to put further upward pressure on prices at a time when we know that capacity restraints are already boosting prices a bit. ...If there are also labor shortages, it would exacerbate what is already quite a difficult situation.</p><p><b><i>TheStreet:</i></b>On that note, we’ve heard renewed calls to raise the minimum wage not so long ago. Whenever the idea of raising the minimum wage is brought up, you get pushback, with people saying it would raise inflation. Does it?</p><p><b>McKeown:</b>Raising the minimum wage doesn’t necessarily lead to inflation. It’s a one-off increase. It would boost wages in a one-off way, which then would then drop out of the year-on-year comparisons in a year’s time – unless you’re in an environment where that shift in the minimum wage causes others to call for higher wages as well, and you end up in a wage-price spiral where everyone is bidding up their wages – and prices are going up at the same time. I think that’s the fear that that kind of thing could happen, but I’d say that there is little danger for an aggressive wage-price spiral in the U.S. at that this time. We’re in a very different place than say in the 1970s, when there was a very pronounced wage-price spiral and hyperinflation. That was driven by various factors, but mainly institutional ones: Unions were much stronger and there was much less global competition. An increase in the minimum wage would undoubtedly raise the average wages and boost inflation temporarily.</p><p><b><i>TheStreet:</i></b>Let’s shift over to this idea of central banks’ role in what plays out. I saw an opinion piece recently that made the argument that central banks are not as concerned with inflation right now as they were in the past. What are your thoughts on that?</p><p><b>McKeown:</b>I do think that their priorities are changing. We’re coming, of course, from a position from where central banks in advanced economies were very single-mindedly focused on inflation – a decade ago it was very much on that one aspect. The Fed’s mandate has ... broadened … it’s now shifted to an average-inflation target from a point-inflation target, which gives it more flexibility and more ability to tolerate higher inflation for a limited period, if it believes it can bring it back down in the future. But it’s also broadened to considering the labor market more explicitly, and looking for an inclusive labor market recovery, which means it’s going to be looking for more than a fall in the unemployment rate, it wants it to affect all parts of the social spectrum. It’s starting to think about inequity a lot more and to consider allowing the economy to run a little hotter for a while in order to get everyone back … into employment. So there’s a lot more going on. So there’s a lot more going on with the Fed, and other central banks, too. The Bank of England is starting to think about climate change and the Reserve Bank of Zealand now has stabilizing house prices as a part of its mandate. There is pretty clear evidence that central banks’ sights are broadening and they may well be prepared to tolerate higher inflation for a period to pursue other goals.</p><p><b><i>TheStreet:</i></b>We also have the rise in used car prices in the U.S. and we have other prices, like housing, that seem out of reach for many Americans. But not all of those are factored into current inflation calculations, right?</p><p><b>McKeown:</b>Car prices are in there, as a part of the CPI, but they are a relatively small share. So, for a small family saving up to buy a car, it may seem like a bigger deal – a sharp increase in car prices – than it would appear from the relatively small share they are of the average CPI basket every year.</p><p>But houses, they are not explicitly factored into the CPI. Most statistics agencies will put some measure of rent, some measure … of the cost of housing services into the CPI, but no house costs directly. So, sharp increases in house prices won’t show up, and that’s one of the reasons why the Reserve Bank of New Zealand has been asked to explicitly target house prices. The government felt that the pure focus on CPI wasn’t enough to be able to help people to afford homes. Therefore it has tasked the central bank with tightening policy if need be, just to keep housing prices under control.</p><p><b><i>TheStreet:</i></b>There’s seems to be an irony now – that the people who are ringing alarm bells about inflation right now seem to be those with the most, when aren’t they the least likely to<i>really</i>be affected by a 2.5% or 3% rise in costs? Someone who’s poorer or on a fixed income would be much more hurt by inflation, right?</p><p><b>McKeown:</b>I’m sure that’s right. … A relatively small increase in prices in things that are completely essential like fuel could make a really difficult problem. What investors are thinking about when we talk about inflation is the probably that the Fed would respond with a sharp increase in the interest rates, that … could be a good or a bad thing. At this point, it doesn’t look like the Fed is going respond quickly to the rise inflation that we’ve seen. But that’s very much hinged on the idea that it’s transient, and I think that could change very quickly. I we were to see a significant uptick in wage growth, which would signal that the rise in inflation is going to be relatively sustained.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation: Will It Stay or Will It Go?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation: Will It Stay or Will It Go?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-10 11:16 GMT+8 <a href=https://www.thestreet.com/investing/inflation-should-it-stay-or-it-go-heres-what-a-top-economist-thinks><strong>thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Will inflation prove a bump in the road of higher economic growth, or will it transform into a monster that will run out of control, eventually taking rates up with it?Federal Reserve Chairman Jerome ...</p>\n\n<a href=\"https://www.thestreet.com/investing/inflation-should-it-stay-or-it-go-heres-what-a-top-economist-thinks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/inflation-should-it-stay-or-it-go-heres-what-a-top-economist-thinks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112136236","content_text":"Will inflation prove a bump in the road of higher economic growth, or will it transform into a monster that will run out of control, eventually taking rates up with it?Federal Reserve Chairman Jerome Powellis saying publicly he views rising prices as \"transitory,\" butothers aren't so sure-- as costs of raw materials like lumberand steel rise, the value of used cars climb, computerchipssee a supply squeeze, restaurants reopen, and oil appears to make a comeback.\"These things are all quite distorted by the pandemic and by the reopening following the pandemic,\"Capital Economics' economist Jennifer McKeown toldTheStreetduring a recent phone call.TheStreetspoke about inflation with McKeown, who is the head of the Global Economics Service at Capital Economics, and who had previously worked for five years at the Bank of England.Here the London-based economist discusses rising prices, how much to expect they will go up and whether they could prove permanent, how the Fed might react, and what to watch as we track the consumer price index, or CPI, that basket of goods that includes costs of a variety of consumer products and services, like energy, food, transportation and medical care. All of these areas are now seeing different price trends, after more than a year of a raging pandemic, lockdowns, social distancing, work-from-home policies, stimulus spending and, now, signs of recovery.The following has been lightly edited for clarity and brevity.TheStreet:A big real estate investor,Sam Zell, recently said he sees similarities to inflation of the 1970s. It seems hard to see how that is possible….McKeown:So we’re expecting some inflation … but like 2.5% or 3%, not 5% to 10%, not the kind of 1970s-type rates. For that to happen, you probably would need less competition -- less global competition -- and you’d need to have stronger unions -- stronger institutions -- that would bid up wages. Also, demographically, we’re in a very different position now from the one we were in during the 1970s. ... While we are looking at a probable rise in inflation in the U.S., it’s not going to be anything like in the 1970s.TheStreet:Now, there’s a debate over whether inflation is transitory or not. We’ve seen several headlines just this past week arguing one way or the other and some are looking at lumber prices and other raw materials costs. Are you able to give some perspective on that, at least on inflation in the U.S.?McKeown:The effects related to lumber and to steel, which has risen very sharply, those should prove transient.… They’ve risen so high already, that they should be due to come back a bit. One issue in metals, for instance, is that steel production in the U.S. is still relatively depressed. It takes a very long time for it to come back on stream after the kinds of lockdowns and closures that we’ve had. So, it’s not that surprising that we see increases in prices, but those should come off.The big question, though, is not whether these commodity prices go up and up and up, but their impact on prices and on manufacturers’ costs. We are starting to see in business surveys that show manufacturers are starting to say that they have had a very sharp increase in their costs, and they’re starting to pass that through to consumers. The question is whether those price increases start to generate other price increases, and, in particular, do they start to play a role in wages?Even a temporary rise in commodity prices can have an effect on wages, if people are seeing those high bills – whether it be on fuel or food – and then demand higher wages because of it. And then, whether the labor market is in a strong enough position to grant those wage increases.So, that is the big question now. What we’re seeing is that in the U.S., there are some signs over growing wage pressure and there are some signs of labor shortages, which would be expected to generate some wage pressure. But outside the U.S. – in Europe, for example – that is not the case. The risk of sustained inflation is much higher in the U.S. than in Europe.TheStreet:Is it possible the pandemic could add to unknowns in employment that could affect inflation? For example, what if a significant number of people who were working in restaurants or retail or even teaching decide they want to change careers after a year of disruption?McKeown:It could, but it depends really on the extent of mismatch between the jobs people are wanting and the jobs that they are qualified to do – and the jobs that are available. If there are fewer people who want to work in restaurants, for example, then that is going to put further upward pressure on prices at a time when we know that capacity restraints are already boosting prices a bit. ...If there are also labor shortages, it would exacerbate what is already quite a difficult situation.TheStreet:On that note, we’ve heard renewed calls to raise the minimum wage not so long ago. Whenever the idea of raising the minimum wage is brought up, you get pushback, with people saying it would raise inflation. Does it?McKeown:Raising the minimum wage doesn’t necessarily lead to inflation. It’s a one-off increase. It would boost wages in a one-off way, which then would then drop out of the year-on-year comparisons in a year’s time – unless you’re in an environment where that shift in the minimum wage causes others to call for higher wages as well, and you end up in a wage-price spiral where everyone is bidding up their wages – and prices are going up at the same time. I think that’s the fear that that kind of thing could happen, but I’d say that there is little danger for an aggressive wage-price spiral in the U.S. at that this time. We’re in a very different place than say in the 1970s, when there was a very pronounced wage-price spiral and hyperinflation. That was driven by various factors, but mainly institutional ones: Unions were much stronger and there was much less global competition. An increase in the minimum wage would undoubtedly raise the average wages and boost inflation temporarily.TheStreet:Let’s shift over to this idea of central banks’ role in what plays out. I saw an opinion piece recently that made the argument that central banks are not as concerned with inflation right now as they were in the past. What are your thoughts on that?McKeown:I do think that their priorities are changing. We’re coming, of course, from a position from where central banks in advanced economies were very single-mindedly focused on inflation – a decade ago it was very much on that one aspect. The Fed’s mandate has ... broadened … it’s now shifted to an average-inflation target from a point-inflation target, which gives it more flexibility and more ability to tolerate higher inflation for a limited period, if it believes it can bring it back down in the future. But it’s also broadened to considering the labor market more explicitly, and looking for an inclusive labor market recovery, which means it’s going to be looking for more than a fall in the unemployment rate, it wants it to affect all parts of the social spectrum. It’s starting to think about inequity a lot more and to consider allowing the economy to run a little hotter for a while in order to get everyone back … into employment. So there’s a lot more going on. So there’s a lot more going on with the Fed, and other central banks, too. The Bank of England is starting to think about climate change and the Reserve Bank of Zealand now has stabilizing house prices as a part of its mandate. There is pretty clear evidence that central banks’ sights are broadening and they may well be prepared to tolerate higher inflation for a period to pursue other goals.TheStreet:We also have the rise in used car prices in the U.S. and we have other prices, like housing, that seem out of reach for many Americans. But not all of those are factored into current inflation calculations, right?McKeown:Car prices are in there, as a part of the CPI, but they are a relatively small share. So, for a small family saving up to buy a car, it may seem like a bigger deal – a sharp increase in car prices – than it would appear from the relatively small share they are of the average CPI basket every year.But houses, they are not explicitly factored into the CPI. Most statistics agencies will put some measure of rent, some measure … of the cost of housing services into the CPI, but no house costs directly. So, sharp increases in house prices won’t show up, and that’s one of the reasons why the Reserve Bank of New Zealand has been asked to explicitly target house prices. The government felt that the pure focus on CPI wasn’t enough to be able to help people to afford homes. Therefore it has tasked the central bank with tightening policy if need be, just to keep housing prices under control.TheStreet:There’s seems to be an irony now – that the people who are ringing alarm bells about inflation right now seem to be those with the most, when aren’t they the least likely toreallybe affected by a 2.5% or 3% rise in costs? Someone who’s poorer or on a fixed income would be much more hurt by inflation, right?McKeown:I’m sure that’s right. … A relatively small increase in prices in things that are completely essential like fuel could make a really difficult problem. What investors are thinking about when we talk about inflation is the probably that the Fed would respond with a sharp increase in the interest rates, that … could be a good or a bad thing. At this point, it doesn’t look like the Fed is going respond quickly to the rise inflation that we’ve seen. But that’s very much hinged on the idea that it’s transient, and I think that could change very quickly. I we were to see a significant uptick in wage growth, which would signal that the rise in inflation is going to be relatively sustained.","news_type":1},"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190968580,"gmtCreate":1620571814440,"gmtModify":1634197977394,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/190968580","repostId":"1170905579","repostType":4,"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107159917,"gmtCreate":1620455905439,"gmtModify":1634198602499,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/107159917","repostId":"1160802774","repostType":4,"repost":{"id":"1160802774","kind":"news","pubTimestamp":1620442206,"share":"https://www.laohu8.com/m/news/1160802774?lang=&edition=full","pubTime":"2021-05-08 10:50","market":"other","language":"en","title":"Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’","url":"https://stock-news.laohu8.com/highlight/detail?id=1160802774","media":"Marketwatch","summary":"Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue Un","content":"<p>Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.</p><p>Now, the product manager for a startup in New York is dabbling in dogecoin ,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.</p><p>“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.</p><p>“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.</p><p>The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.</p><p>Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn cheers and jeers.</p><p>Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla has been mostly using his massive social media following to pump up the price of doge, tweeting back on April 1 that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”</p><p>Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.</p><p>She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.</p><p>Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin and Ethereum ,the two largest cryptos in the world.</p><p>Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.</p><p>Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.</p><p>Oddsmakers at betting platformSportsBettingDime.com have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.</p><p>Which cryptocurrency does Musk mention first:</p><p>1. Bitcoin: -200</p><p>2. Dogecoin: +600</p><p>3. FIELD: +450</p><p>4. Does Not Mention Bitcoin: +400</p><p>Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.</p><p>The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.</p><p>Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.</p><p>“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”</p><p>That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.</p><p>“Post-SNL, some crypto traders could abandon short-term Dogecoin bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.</p><p>The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.</p><p>“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.</p><p>How it all plays out for dogecoin is anyone’s guess.</p><p>“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.</p><p>That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures are down 3% so far this year, the Dow Jones Industrial Average and the S&P 500 index are up by nearly 13% in 2021, while the Nasdaq Composite Index has gained about over 6% so far this year.</p>","source":"lsy1603348471595","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>Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 10:50 GMT+8 <a href=https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press><strong>Marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged...</p>\n\n<a href=\"https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160802774","content_text":"Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.Now, the product manager for a startup in New York is dabbling in dogecoin ,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn cheers and jeers.Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla has been mostly using his massive social media following to pump up the price of doge, tweeting back on April 1 that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin and Ethereum ,the two largest cryptos in the world.Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.Oddsmakers at betting platformSportsBettingDime.com have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.Which cryptocurrency does Musk mention first:1. Bitcoin: -2002. Dogecoin: +6003. FIELD: +4504. Does Not Mention Bitcoin: +400Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.“Post-SNL, some crypto traders could abandon short-term Dogecoin bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.How it all plays out for dogecoin is anyone’s guess.“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures are down 3% so far this year, the Dow Jones Industrial Average and the S&P 500 index are up by nearly 13% in 2021, while the Nasdaq Composite Index has gained about over 6% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105334889,"gmtCreate":1620268906541,"gmtModify":1634206491785,"author":{"id":"3565498354917609","authorId":"3565498354917609","name":"小虎仁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565498354917609","authorIdStr":"3565498354917609"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/105334889","repostId":"2133652936","repostType":4,"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}