Key PointsShares of Robinhood have been crashing this year, partly due to its high valuation.

Key PointsAmazon's stock trades at less than 28 times earnings, which is far below its 10-year average.

Key PointsSaving regularly for retirement is important, but it's not the only thing that matters.

美国五年期国债收益率跌10个基点，至3.97%。 2-7年期美债收益率跌幅均达到或超过10个基点。

春立医疗公告，2025年营业收入10.46亿元，同比增长29.77%。净利润2.73亿元，同比增长118.05%。拟向全体股东每10股派发现金红利1.5元（含税），合计拟派发现金红利5732.87万元（含税）。

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares AAA CLO Active ETF (Symbol: CLOA) where we have detected an approximate $186.7 million dollar inflow -- that's a 11.6% increase week over wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Equity Factor Rotation Active ETF (Symbol: DYNF) where we have detected an approximate $210.3 million dollar inflow -- that's a 0.7% inc

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Senior Loan ETF (Symbol: BKLN) where we have detected an approximate $170.8 million dollar inflow -- that's a 2.9% increase week over week in

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $260.1 million dollar outflow -- that's a 3.5% decrease wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan US Quality Factor ETF (Symbol: JQUA) where we have detected an approximate $303.2 million dollar outflow -- that's a 4.3% decrease week ove

财联社3月30日讯（编辑 夏军雄） 分析人士指出，尽管大型科技股近段时间遭到抛售，并导致纳斯达克100指数进入技术性调整，但这场惨烈的跌势正显现出一些信号，这些信号在过去曾预示着该板块的行情拐点即将到来。 其中最重要的信号之一，是大型科技股相对于整体市场的估值溢价已大幅收窄。历史经验表明，这种估值溢价的收窄（即估值压缩）往往为该板块后续跑赢大盘奠定基础。 自去年10月创下历史高点以来，纳斯达克100指数已下跌11%，目前其未来12个月预期市盈率为21倍，仅比标普500指数高出1.7倍。 数据显示，自世纪之交互联网泡沫破裂以来，这种如此狭窄的估值差距仅在约四分之一的时间内出现。上一次估值溢价降至如此低位时，纳斯达克100指数随后在一年内跑赢标普500指数的幅度创下历史新高。 当然，由伊朗战争带来的经济不确定性，可能会削弱许多以往被验证有效的市场信号，这一指标是否仍然有效仍有待时间检验。 大型科技股大幅回调 纳斯达克100指数上周五进入技术性调整区间（即较高点下跌至少10%），这是自2025年4月以来——当时美国总统特朗普的关税政策将美股推至熊市边缘——首次出现此类情况。 尽管精确判断市场拐点极为困难，但历史上“超卖”状态通常被视为较具吸引力的入场时机。例如在2013年9月，当纳斯达克100指数相对标普500指数的估值溢价同样降至低位时，该指数随后录得相对标普500指数六个季度以来的最佳表现。 科技股持续承压，主要原因在于市场对人工智能（AI）巨额投入能否带来回报的担忧不断加剧，而近期持续升级的伊朗战争进一步打击了风险偏好。 德意志银行数据显示，科技板块相对表现已跌至过去十年趋势通道的底部，同时投资者配置明显偏低，仅处于历史平均水平的第28百分位。 所谓“七巨头”——英伟达、微软、苹果、谷歌母公司Alphabet、亚马逊、Meta以及特斯拉——均已较各自历史高点下跌至少10%以上。 以英伟达为例，自去年10月创下收盘纪录高位以来，英伟达股价已下跌近20%。由于股价下跌叠加盈利预期上调，英伟达目前的预期市盈率约为19.6倍，为2019年初以来最低水平。 投资者通常通过市盈率来衡量股票相对于未来盈利预期的估值水平。 值得注意的是，英伟达的市盈率已低于标普500指数整体约20倍的水平，这较为罕见，因为投资者通常会给予高成长公司更高的估值溢价。 与此同时，在近期市场调整中，微软...

行政長官李家超出席香港潮屬社團總會活動時，以潮州話鼓勵各界推動，香港更好融入和服務國家發展大局。 行政長官李家超表示：「大家『自己人』，我們心連心、手牽手，必定可以大有作為。」 李家超提到，居港潮籍鄉親逾120萬人，即是差不多每6個人當中，就有1人是祖籍潮汕。又指潮籍鄉親遍布全球，尤其在東南亞和「一帶一路」沿線國家，擁有龐大的商業網絡，期望潮總善用網絡聯繫，發揮橋樑作用，協助企業開拓新興市場。

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPYI ETF (Symbol: SPYI) where we have detected an approximate $171.4 million dollar inflow -- that's a 2.2% increase week over week in outstanding un

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Small-Cap 600 Growth ETF (Symbol: IJT) where we have detected an approximate $310.6 million dollar outflow -- that's a 4.7% decrease

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $210.3 million dollar inflow -- that's a 1.0% increase week over week

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the AB Disruptors ETF (Symbol: FWD) where we have detected an approximate $222.2 million dollar inflow -- that's a 14.2% increase week over week in outst

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Biotech ETF (Symbol: XBI) where we have detected an approximate $449.1 million dollar outflow -- that's a 5.9% decrease week over week

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Schwab Fundamental International Large Company Index (Symbol: FNDF) where we have detected an approximate $260.6 million dollar outflow -- that's a

Many retirees may not want to bother with investing in artificial intelligence (AI) stocks due to their high valuations and the long-term uncertainty that comes with them. But there are ways to gain exposure to this promising growth opportunity without taking on significant risk. A great example is Microsoft (NASDAQ: MSFT) . The tech giant has been around for decades and has a fantastic track record for growth. Its Copilot assistant may not be all that popular, but the company has many different ways that AI can add value to enhance its existing products and services. While many investors have clearly been looking past Microsoft's stock this year (it's down 25%), here's why it can be a great option if you're a retiree or simply want to keep your risk low while investing in AI. Continue reading

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $338.7 million dollar outflow -- tha

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the PGIM AAA CLO ETF (Symbol: PAAA) where we have detected an approximate $168.3 million dollar inflow -- that's a 2.1% increase week over week in outsta

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P MidCap Momentum ETF (Symbol: XMMO) where we have detected an approximate $202.0 million dollar inflow -- that's a 3.7% increase week

“Technicals for high yield post-Covid have been very strong, with pretty limited net new supply, minimal downgrades, strong demand given elevated base rates and pretty reasonable credit spread,” says John McClain, Goldman Sachs Asset Management’s global co-head of High Yield and Bank Loans. “We’re seeing some net new supply from areas like data-center debt,” and “large LBO bonds that are coming over the next couple of weeks, in conjunction with a couple of decent sized cap stacks migrating to hi

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Aerospace & Defense ETF (Symbol: ITA) where we have detected an approximate $172.8 million dollar inflow -- that's a 1.3% increase w

hapabapa/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back on my radar after it was reported last week that the current CPU supply constraints due to the AI data center buildout led Intel and Advanced Micro Devices ( AMD ) to hike CPU prices, impacting PC and server makers. This pressure comes on top of the earlier memory crunch, which led many PC makers to increase prices across their offerings. The main issue that I see is that Intel still relies heavily on its traditional CPU businesses to support earnings. Its DCAI business is still far from the CCG segment in terms of both revenue and operating income. My disappointment with the company is mainly due to the fact that it is unable to satisfy the high demand for server CPUs. On top of that, many analysts expect the PC market to contract this year by as much as mid-single digits, which will directly impact the CCG segment. On the positive side, I now see two catalysts in the foundry business that could revive the optimism around this stock, despite the $2.5B operating loss in Q4 2025. In my view, any signed external customer (more likely in H2 than H1 this year) for 18A or 14A could meaningfully change sentiment and resume the bull run that began in August last year. In the meantime, I see raw fundamentals and a macro that doesn't support the consumer side of the CCG business. I discuss more below. Core x86 CPU Business Is Fragile Why does this even matter in the first place, anyway? Well, the company still depends heavily on x86 CPUs from an earnings perspective. Intel Last quarter, the Client Computing Group (CCG) recorded $2.2B in operating income. In comparison, the Data Center AI segment brought only $1.3B in operating income, and Intel Foundry lost $2.5B. Let's leave the loss of Intel Foundry on the side for now and focus on the CPU business. There are essentially two end markets here: PCs and servers. Let's start with PCs. This is a highly cyclical market, and I have strong reasons to bel...

hapabapa/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back on my radar after it was reported last week that the current CPU supply constraints due to the AI data center buildout led Intel and Advanced Micro Devices ( AMD ) to hike CPU prices, impacting PC and server makers. This pressure comes on top of the earlier memory crunch, which led many PC makers to increase prices across their offerings. The main issue that I see is that Intel still relies heavily on its traditional CPU businesses to support earnings. Its DCAI business is still far from the CCG segment in terms of both revenue and operating income. My disappointment with the company is mainly due to the fact that it is unable to satisfy the high demand for server CPUs. On top of that, many analysts expect the PC market to contract this year by as much as mid-single digits, which will directly impact the CCG segment. On the positive side, I now see two catalysts in the foundry business that could revive the optimism around this stock, despite the $2.5B operating loss in Q4 2025. In my view, any signed external customer (more likely in H2 than H1 this year) for 18A or 14A could meaningfully change sentiment and resume the bull run that began in August last year. In the meantime, I see raw fundamentals and a macro that doesn't support the consumer side of the CCG business. I discuss more below. Core x86 CPU Business Is Fragile Why does this even matter in the first place, anyway? Well, the company still depends heavily on x86 CPUs from an earnings perspective. Intel Last quarter, the Client Computing Group (CCG) recorded $2.2B in operating income. In comparison, the Data Center AI segment brought only $1.3B in operating income, and Intel Foundry lost $2.5B. Let's leave the loss of Intel Foundry on the side for now and focus on the CPU business. There are essentially two end markets here: PCs and servers. Let's start with PCs. This is a highly cyclical market, and I have strong reasons to bel...

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Fidelity Enhanced Mid Cap ETF (Symbol: FMDE) where we have detected an approximate $197.3 million dollar inflow -- that's a 3.6% increase week over w

格隆汇3月30日｜美联储主席鲍威尔：关税引发的通胀属于一次性物价上涨，会推高通胀0.5至1个百分点。