Quantbot Technologies LP raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 678.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,939 shares of the social networking company's stock after buying an additional 23,477 shares during the quarter. Meta Platforms comprises about 0.5% of Quantbot Technologies LP's portfolio, making the stock its 11th biggest holding. Quantbot Technologies LP's holdings in Meta Platforms were worth $19,783,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently modified their holdings of META. Goldstone Financial Group LLC boosted its stake in Meta Platforms by 44.4% during the third quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company's stock worth $2,756,000 after buying an additional 1,153 shares during the last quarter. CW Advisors LLC increased its stake in shares of Meta Platforms by 27.8% in the 2nd quarter. CW Advisors LLC now owns 176,762 shares of the social networking company's stock worth $130,467,000 after acquiring an additional 38,432 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Meta Platforms by 34.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock worth $38,373,000 after acquiring an additional 13,311 shares during the period. Cherokee Insurance Co acquired a new position in shares of Meta Platforms during the 2nd quarter valued at about $3,321,000. Finally, Bangor Savings Bank boosted its position in shares of Meta Platforms by 36.6% during the 3rd quarter. Bangor Savings Bank now owns 3,134 shares of the social networking company's stock valued at $2,302,000 after acquiring an additional 840 shares during the last quarter. 79.91% of the stock is owned by hedge fu...

以色列北部多地响起防空警报 2026-03-06 18:45:35 来源： 同花顺7x24快讯 分享 总台记者获悉，当地时间6日中午，以色列北部城市海法和周边地区响起防空警报。(央视新闻)

当地时间3月6日，柬埔寨首相洪玛奈称，柬埔寨政府将以最坚决措施铲除电信网络诈骗犯罪，彻底与电诈活动划清界限。洪玛奈表示，柬埔寨正在制定专门的反电信网络诈骗法律，并将明确相关处罚措施。将房产出租给不法集团从事电诈犯罪活动，招募人员从事电诈活动，或在电诈窝点从事相关工作的人员，都将承担法律责任。（央视新闻）

Meta Platforms, Inc. signed an artificial-intelligence content licensing deal with News Corp that will pay the media company up to $50 million a year, underscoring how aggressively Big Tech is now paying for journalism to help power chatbots and other AI tools. Three-Year Deal Opens US, UK Archives The agreement will run at least three years and gives Meta access to News Corp content from the United States and the United Kingdom, reported The Wall Street Journal on Tuesday, citing people familiar with the matter. The deal allows Meta to pull fresh reporting for users of its AI products and to train systems on additional material, including archives. Don't Miss: Meta, OpenAI Race To Lock Content Meta has been expanding its licensing push as it reshapes its AI organization and races to improve its models. The company struck multiple commercial AI data agreements with publishers, including USA Today, People Inc., CNN and Fox News, with terms that were not disclosed, according to Reuters. Meta also announced in October 2024 that it would use Reuters content to answer real-time news questions in its AI chatbot. News Corp already cut a separate AI deal in 2024 with OpenAI that the Journal said could be worth more than $250 million over five years. OpenAI has also inked news partnerships with publishers including The Associated Press, Le Monde and Prisa Media, among others. Photo Courtesy: 24K-Production on Shutterstock.com Read Next: Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga: This article Meta Reportedly Signs $50 Million News Corp Deal As Big Tech's AI Content Arms Race Heats Up originally appeared on Benzinga.com

The US Leads The World In The Weight-Loss Injection Boom Novo Nordisk’s obesity-drug franchise has surged at a remarkable pace. In just four years, revenue from its weight-management treatments ballooned roughly tenfold - from about $1.3 billion in 2021 to approximately $12.4 billion in 2025. The growth has been fueled largely by Wegovy, the company’s blockbuster weight-loss drug built around the active ingredient semaglutide and marketed as a once-weekly injection. Semaglutide itself was originally developed to treat type 2 diabetes and continues to be sold under the brand name Ozempic for that purpose. The primary difference between the two products lies in dosage. As Statista notes, Wegovy is formulated at higher semaglutide levels for weight management, while Ozempic is designed for blood-sugar control in diabetic patients. In practice, however, Ozempic has frequently been prescribed off-label for weight loss - a practice that is restricted or prohibited in several European Union countries. Regardless of branding, the United States has emerged as Novo Nordisk’s most important market. According to the company’s 2025 annual report, the U.S. accounts for the overwhelming share of sales for both Ozempic and Wegovy. For drugs marketed specifically for weight loss, more than 60% of global revenue comes from the American market - a reflection of both the country’s large pharmaceutical sector and its high obesity rates, which have helped make the U.S. the epicenter of the global GLP-1 boom. Tyler Durden Fri, 03/06/2026 - 05:45

Michael H/DigitalVision via Getty Images A few months after I rated The Williams Companies, Inc. ( WMB ) a buy stock, its value has already increased by approximately 33%. This is supported by its robust Q4 2025 performance and sound fundamentals. But at this level, I believe that WMB has already had a good run, and entering might not be as attractive as before. External considerations amid geopolitical tensions may also have some impact or spillovers on its performance. Technicals adhere to it, as overbuying warrants caution despite sustained bullish momentum. WMB Q4 2025: Its Fueled Strength In Uncertain Times The oil and gas market continues to experience volatility due to energy commodity price swings, stubborn inflation, tariff woes, and geopolitical tensions. Even an established player with a heavy concentration on natural gas is not entirely shielded from potential market headwinds. The Williams Companies, Inc. is also susceptible to these risks. A small change in prices can easily affect its performance. Even so, its resilient business model, backed by its prudent expansion and strategic geographical diversification, allows it to ensure operational stability while pushing revenue growth. We have all seen this in its most recent performance. In Q4 2025, its operating revenue amounted to $3.19B ($11.95B - $8.75B ), up by 16.7% YoY from $2.74B ($10.50B - $7.76B). Note that it’s reported as $3.108B on Seeking Alpha, as it excluded the net gain/(loss) from commodity derivatives. Anyway, its solid revenue increase was mainly driven by its service revenues, which comprised 70% of the total revenue. They have a combined amount of $2.23B, which was 10.2% higher than in Q4 2024 at only $2.02B. This can be attributed to its expansion projections and higher volumes supported by acquisitions. Likewise, its product sales increased, which served as its comeback after the negative YoY sales growth in Q3 2025. We can attribute it to the sharp rebound of the natural gas price...

作者｜任彩茹、李小霞、肖思佳 编辑｜乔芊、杨轩 一向冲锋的贾国龙，如今在用“退后”的方式求生。 36氪独家获悉，春节前，贾国龙卸任西贝主品牌CEO，前任CEO董俊义重新回归该职 。后者从1992年起就加入西贝，从学徒一路成长为店长、分部经理，直至西贝事业部CEO。一位西贝员工说，“董俊义更了解一线，人心会更稳一点。”除了董俊义，西贝另一位从厨师长走到“分部老大”的老臣张忠其，也回到总部挽救局面。 这距离贾国龙上一次高调的“回归挂帅”，仅不足两年。 而这位餐饮老将的自救动作还不止于此。近日，西贝对内宣告“因公司业务量大幅下降”，不少总部员工需待岗（按照最低工资标准执行），或是离开。 一位被要求离开的总部员工告诉36氪，公司给出三种方案——一是停薪留职；二是公司发放2025年的部分绩效，员工收到后主动离职；三是按照“N”倍补偿解聘，但补偿金需分期一年支付，也可能以“转股份”形式解决。 据36氪了解，原本西贝总部有超过500名员工，本轮裁员之后，“这个数字大约会降至200余人。” 总部之下，关门店和裁员也在大踏步推进。早在2026年1月中旬，贾国龙在呼和浩特召开内部会议，宣布关闭102家门店。 但据36氪了解，实际的关店情形远甚于此。 罗永浩舆论风波前西贝有350家左右门店，一位西贝门店员工对36氪称，到目前已经关了150家。另一位西贝前高层则说，“现在你们看到的关掉多少家店，根本还不算开始，内部讨论的是要关剩到多少家，”换句话说，“一些战略性点位的重要门店如果亏损，也不再续租了，要关到能活下来为止”。 某二线城市西贝一门店店员告诉36氪，西贝遣散门店员工大致也分为三步：先是晓之以情，以“公司对你们特别不错”为由，劝说员工自动离职。接着是“威逼”，将员工抽调至其他门店，若三天内未到岗，便可被认定为旷工，被迫离职。最后则是“利诱”，让员工先走离职流程，等离职后公司可以酌情给予2000元补偿。 大幅的总部裁员、门店关闭和裁员，已经是贾国龙最后的断臂之法。不少内部人士认为，倘若到今年4月西贝的现金流还无法转正，或是自救没能看到明显效果，“就非常危险了。” 2025年，一场预期之外的舆论战，将37岁的西贝推向悬崖。这表面上是贾国龙自救的180天，背后却是西贝错位的6年。 180天奋力自救 演变至今，西贝的新动态可以归纳为三个方向： 一是节流。 减少员工薪资支出之外，西贝的办公场地...

当地时间3月6日，卡塔尔能源（850101）事务国务大臣萨阿德.卡比表示，卡塔尔已停止液化天然气（885430）生产，即使冲突立即停止，卡方也需要数周至数月时间才能恢复至正常供应水平。卡比预测，海湾地区的所有能源（850101）出口国可能在数周内停止油气生产。3月2日，卡塔尔能源（850101）公司宣布，由于公司旗下两处能源（850101）设施当天遭到无人机（885564）袭击，决定暂停生产液化天然气（885430）和相关产品。卡塔尔天然气（885430）储量居全球第三，其液化天然气（885430）产量占全球供应份额约20%。2025年，卡塔尔出口了8220万吨液化天然气（885430）。(央视新闻)

J Studios/DigitalVision via Getty Images Crude oil has officially topped $80 per barrel as the conflict in Iran continues to escalate. The WTI benchmark ( CL1:COM ) has surged 21% since closing at $67.02 just before the war commenced last Saturday amid increased risks to the global oil trade and the Strait of Hormuz. A fifth of the world's oil and gas flows through the strategic waterway, but tanker traffic there has ground to a halt, with hundreds of ships trapped on each side of the critical chokepoint. Snapshot: The national average cost of gasoline has additionally climbed by 34 cents over the past week to $3.32 per gallon, according to AAA, erasing all of the savings seen since President Trump took office. "If they rise, they rise," Trump declared in response to the spike in energy prices, saying "they'll drop very rapidly when this is over" and the current campaign is "far more important than having gasoline prices go up a little bit." For now, the bet is that a 4-to-5-week conflict will prove the spike is temporary, but emergency measures are being entertained if things get prolonged or prices spiral out of control. The first plan announced by the administration is to provide insurance guarantees and U.S. Navy escorts for oil tankers and other vessels traveling through the Strait of Hormuz. Other options under consideration range from a federal gasoline tax holiday and higher ethanol blends to having the U.S. Treasury trade oil futures and drawing from the Strategic Petroleum Reserve (which is hovering at 60% capacity after being heavily tapped by the Biden administration during the Ukraine war). Looking to ease global supply, the U.S. also just issued a 30-day waiver to India for purchasing crude from Russia. Elsewhere: Oil is not the only commodity that has policymakers worried about an energy crunch. While the U.S. is largely insulated against natural gas disruptions due to its large domestic production, alarm bells are going off in Europe as prices jumped...

Reform UK leader told a ‘Save Chagos Boat Party’ yesterday he would be raising the issue in his meeting with the president Middle East crisis – live updates Conservative party leader Kemi Badenoch this morning reinforced that she would support Royal Air Force jets striking Iranian missile launch sites. Speaking on BBC Breakfast, she said: That is the right thing to do. Otherwise, we are allowing our service personnel to be put in danger. We have to think about them. If this was a nuclear attack, God forbid, it would be too late. You can’t always wait for people to attack you. Sometimes you have to make sure that you get there first to stop their ability to hurt your citizens. We are in this war whether we like it or not because we have put bases in other people’s countries and we need to protect them. And what I’m worried about is that our government looks afraid to do anything and just wants to sort of make it go away, and we need to be stronger than that. We think this is the central plan for this government’s foreign policy and we are beating them back. President Trump has almost understood the deal, but I will be dining at Mar-a-Lago tomorrow night and we will reinforce the message. Continue reading...

Dream Finders Homes (NYSE: DFH) is the victim of a slow housing market, and its stock has been beaten up as a result. However, as I discuss in this video, it could be an incredibly strong investment for patient investors who buy shares now. *Stock prices used were the morning prices of March 4, 2026. The video was published on March 6, 2026. Continue reading

For most investors, simple is good. The Schwab US Dividend Equity ETF (NYSEMKT: SCHD) is a simple way to invest in reliable, high-quality dividend stocks. After all, if you have a life to live, you probably don't want to spend all your free time poring over stocks. A roughly 4% yield and a unique stock selection process seal the deal when it comes to this smart investment choice. Here's what you need to know today. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » What has the Schwab US Dividend Equity ETF done? Before getting into the Schwab US Dividend Equity ETF's investment approach, it's important to get a good feel for what it has achieved. Many dividend investors are looking to create a reliable income stream to live on in retirement. So the goal is to own investments that produce reliable and hopefully growing dividends. Of course, a secondary hope is that the investment's value will rise as well, producing some capital appreciation. The chart above shows that dividend investors have gotten exactly what they wanted from this exchange-traded fund (ETF). The current dividend yield of roughly 4% is in line with a "rule of thumb" retirement withdrawal rate that has led many dividend investors to focus on creating a 4% yield from their portfolios. So, with that 4% yield, investors won't feel the need to touch the principal invested in the Schwab US Dividend Equity ETF. That can help with a feeling of financial security, or provide confidence that there will be money left to hand on to loved ones someday. All that comes from one simple investment with a tiny expense ratio of 0.06%. To be fair, the Schwab US Dividend Equity ETF has not performed as well as an S&P 500 index ETF on a total return basis. But that's not the goal of the ETF. The goal is to provide a reliable income stream with some capital appreciation, and it does that very well. Don't buy the Schwab US Dividend Equi...

Oracle Corp (NYSE:ORCL) shares are up during Friday’s premarket session, reflecting positive investor sentiment following an announcement in construction safety management. The stock is outperforming despite a static performance in the broader Technology sector, which remains unchanged. The Catalyst On Thursday, Oracle unveiled its new AI-enabled predictive intelligence solution, the Oracle Construction and Engineering Advisor for Safety. This innovation is designed to transform safety management by enabling construction firms to better predict and prevent project safety incidents, thus fostering safer and more cost-effective job sites. This strategic move could significantly enhance Oracle’s product offerings in the construction sector. The new solution leverages an Oracle-built, industry-specific safety model trained on data equivalent to over 10,000 project-years, covering a diverse range of project types and locations. This allows firms to quickly benefit from predictive safety insights regardless of their current safety program’s maturity, setting a new industry standard in proactive safety management. “Advisor for Safety marks a significant step forward in safety management, giving construction companies and owners the tools to predict and prevent incidents, while improving the industry’s overall efficiency and cost-effectiveness,” said Mark Webster, senior vice president and general manager, Oracle Infrastructure Industries added. “Leveraging AI and machine learning, organizations can immediately transition from reactive to predictive safety management, improving safety outcomes and reducing both human and financial costs associated with workplace injuries.” Technical Analysis Over the past 12 months, Oracle’s stock has seen a modest gain of 2.55%. Currently, the stock is trading 4.2% above its 20-day SMA but remains 22.9% below its 100-day SMA, indicating some recent recovery albeit within a broader downward trend. The stock is also positioned significantly ...

格隆汇3月6日｜在伊朗战争引发的全球市场抛售潮中，本周中国股市的表现优于其他亚洲市场。本周中国A股沪指跌近1%，港股恒指跌超3%，日经225指数和台湾加权指数跌超5%，韩国综合指数跌超10%。人民币兑美元汇率在主要亚洲货币中跌幅最小，中国国债在抛售潮中的表现也优于其他主要国债。

In a report released today, Rick Schafer from Oppenheimer reiterated a Buy rating on Broadcom, with a price target of $450.00. According to TipRanks, Schafer is a top 100 analyst with an average return of 26.8% and a 70.74% success rate. Schafer covers the Technology sector, focusing on stocks such as Broadcom, Nvidia, and Analog Devices. In addition to Oppenheimer, Broadcom also received a Buy from TipRanks – OpenAI’s OpenAI Semiconductors in a report issued today. However, on the same day, TipRanks – DeepSeek downgraded Broadcom (NASDAQ: AVGO) to a Hold. Based on Broadcom’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $18.02 billion and a net profit of $8.52 billion. In comparison, last year the company earned a revenue of $14.05 billion and had a net profit of $4.32 billion Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year. Most recently, in January 2026, Mark David Brazeal, the Chief Legal & Corp Affairs Ofc of AVGO sold 30,000.00 shares for a total of $10,413,644.29.

格隆汇3月6日｜美国国债收益率在日内早些时候小幅波动后跳涨。根据Tradeweb的数据，10年期美国国债收益率升至4.175%，为2月12日以来的最高水平。收益率的上升正值中东冲突导致油价上涨，引发了对通胀走高的担忧，并降低了降息的可能性。FXEM的市场研究和金融科技策略经理Abdelaziz Albogdady在一份报告中称：“中东地区的持续紧张局势推高了能源价格，加剧了人们对全球通胀持续存在的担忧，并迫使投资者重新评估美联储放松货币政策的时间表。“这位市场研究和金融科技策略经理表示，美国国债收益率的上升反映了“对通胀的担忧和更强劲的国内基本面“。美国就业数据定于格林威治时间1330公布。

中芯國際(00981)根據2024年股份獎勵計劃發行3.26萬股 富途牛牛

Tomas Ragina/iStock via Getty Images By Padhraic Garvey, CFA , Regional Head of Research, Americas Can we identify echos from the 2003 Iraq war for Treasuries and rates? In 2003, in the weeks leading up to the war in Iraq, the US 10yr Treasury yield fell from 3.95% to 3.55%, a 40bp drop over a three-to-four-week period. Not all of this was reflective of the upcoming war, but a lot of it was. There was an overt build-up of military presence as the coalition of the willing got ready. Hostilities finally kicked off on 20 March 2003, by which time the 10yr yield had popped back up to the 4.1% area. And in the first couple of weeks of the attack on Iran, the 10yr yield fell back down to the 3.8% area. The dominant impact impulse, over consecutive weeks, was in the direction of lower yields (a flight into Treasuries). Just for context, the Fed funds rate was at 1.25% at the time (tail end of the dot.com bust). In fact, it got cut to a 1% low later in 2003. While the funds rate is at a different level today, it just so happens that the 10yr yield is in the same ballpark as it was back then. The events of the past few days are clearly not a perfect repeat of the Iraq War. But it is interesting to view the magnitude of change. We're not suggesting this is determinative; just making the comparison to help set some expectations and identify some differences. One was a much lower effect on the oil price back then (Iraqi exports had already been slashed, so the oil price impact was minimal). Fast-forwarding to today, we identify some important nuances Turning to now, the US 10yr yield shot to below 4% (to just above 3.9%) as the war with Iran broke out but quickly reverted to above 4% (hitting 4.1% briefly). At the extreme, that's a 20bp swing. It's also a far swifter reversion higher in yield than would be expected based on the Iraq War experience. The 2/10yr curve has also flattened, as it did in the lead-up to the Iraq War. This flattening process is quite striking and fits w...

记者从中国科学院高能物理研究所获悉，3月5日，位于广东的大科学装置——中国散裂中子源的中子技术发展线站成功出束，开始带束调试，束流性能测试初步结果符合预期，这标志着线站成功完成设备研制和安装，成为中国散裂中子源二期工程自2024年1月开工建设以来首个实现出束的线站。（央视新闻）

A prolonged Iran war is a risk to the bank-stock powered rallies in Japan and Europe as investors abandon these markets in favor of exposure to oil and the US dollar, Bank of America’s Michael Hartnett said. Investors are likely to shift to assets that are “beneficiaries of extended conflict,” at the expense of “oil importers with minimal energy equity exposure,” such as Korea, Japan and Europe, the strategist said. US technology and global defense are among sectors that could gain during this rotation. It’s a scenario that has already started playing out since the US and Israel launched their attacks against Iran and as the conflict has spread. European stocks are on course for their worst weekly drop since last April’s tariff turmoil and the same is true of Japan’s Nikkei 225 index. Volatile trading in Korean equities saw the Kospi index notch both a record decline and the biggest gain since 2008. The war has entered a seventh day, with investors focused on the near-total halt to energy shipments through the crucial Strait of Hormuz. Hartnett said further escalation of the conflict could include an “all-in” effort from America to “secure oil supply to power US AI supremacy.” The outbreak of war threatens to upend a long-standing call by Hartnett to favor assets outside the US. The strategist has maintained a preference for international equities since late 2024, a recommendation that proved prescient as the S&P 500’s 15% gain over that period trailed an advance of 33% in the MSCI ACWI ex-US Index.

Source: Bloomberg, 16:09

The post Best Stock Portfolio Trackers in March 2026 by Dan Schmidt appeared first on Benzinga . Visit Benzinga to get more great content like this. Are you struggling to keep track of your stock investments? With a plethora of stock portfolio trackers available today, you can find one that perfectly aligns with your trading style and financial goals. For instance, Sharesight is a popular choice that provides detailed performance reports, tax reporting and the ability to track dividends, making it a valuable tool for serious investors. Explore our guide to discover the best stock portfolio trackers to help you manage your investments more effectively. Quick Look at the Top Stock Portfolio Trackers: Best for building wealth with one dashboard: Empower Best for international investors: Sharesight Best for dividend investors: Snowball Analytics Best for portfolio tracking: Kubera Best for long term investors: Magnifi Best for all-in-one investment information: InvestorsObserver Best for visual stock insights: Simply Wall Street Best for tracking all investments: AssetDash Best for tracking investments: getquin Best for sophisticated investors: Interactive Brokers Best for multi-asset investors: Delta by eToro Best for portfolio optimization: Ziggma Best for professional investors: Stock Rover Best for tracking your portfolio: Cova Best for saving, spending & investing: Fierce Table of contents [ Show ] Quick Look at the Top Stock Portfolio Trackers: 15 Best Stock Portfolio Trackers 1. Best for Building Wealth with One Dashboard: Empower ★ Sponsored 2. Best for International Investors: Sharesight 3. Best for Dividend Investors: Snowball Analytics 4. Best for Portfolio Tracking: Kubera 5. Best for Long Term Investors: Magnifi 6. Best for All-in-One Investment Information: InvestorsObserver 7. Best for Visual Stock Insights: Simply Wall Street 8. Best for Tracking All Investments: AssetDash 9. Best for Tracking Investments: getquin 10. Best for Sophisticated Investors: In...

Investing is complicated, and during periods of economic and geopolitical uncertainty, it gets even more difficult. For many investors, it makes sense to include an investment that is considered a store of wealth as a hedge against adversity. Historically, that role was played by gold, but now some look to Bitcoin (BTC 3.89%) and other cryptocurrencies to fill it. A better choice might be Franco-Nevada (FNV 2.71%). Here's why. What is the point of owning a store of wealth? While some market watchers suggest the stock market is efficient, anyone who invests in it knows it can be wildly unpredictable over short periods. In the end, investor emotions are a big driver of near-term market performance, which is why it can make sense to own an investment that has value beyond the stock market. Traditionally, gold has been a key store of wealth. In fact, during turbulent times, investors often buy gold in an attempt to protect themselves from potential stock declines. More recently, Bitcoin and other cryptocurrencies have been used to fill this role, since they aren't controlled by a government entity. The problem is that the value of Bitcoin is largely dictated by investor emotions, just like stocks. Moreover, the safe-haven value of crypto hasn't really been tested by a deep and prolonged bear market. In fact, as geopolitical turmoil has increased, Bitcoin's price has been plunging. The price of gold, by contrast, has been hovering near all-time highs. Franco-Nevada is a gold alternative The big problem with gold is that an ounce of the precious metal will only ever be an ounce of gold. There's no growth opportunity; the price has to increase for you to make any money. Franco-Nevada is a gold streaming and royalty company. It provides gold miners cash up front for the right to buy precious metals at reduced rates in the future, which effectively locks in a profit on the sale of those metals. Expand NYSE : FNV Franco-Nevada Today's Change ( -2.71 %) $ -7.11 Current Price $...

来源：华尔街情报圈 随着伊朗战争封锁霍尔木兹海峡，中东各地的石油生产国正面临着一场紧张的倒计时。 摩根大通首席大宗商品策略师Natasha Kaneva本周撰写了一份报告，给这个倒计时画上一个更为紧迫的时间——2天。 大多数人觉得：霍尔木兹海峡被封锁——油运不出去——全球缺油——油价涨 但作者认为，这只是表面的一层影响。更危险的事情是，产油国可能被迫减产。 石油是一个必须持续生产的行业。油井不像水龙头，不能随便关，也不能随便开。如果突然停止出口，石油会堆满储油罐。许多老旧油井一旦因为储罐满了而被迫关停，地下的压力平衡就会改变，这在石油工程上被称为“地层伤害”。等到你想重启时，可能发现油井被水淹了，或者地层出砂堵死了，甚至永远回不到停产前的产量。 最开始市场的一个估算是，海湾国家大概有25天储存空间。如果25天油运不出去，产油国就必须减产。但后来摩根大通重新计算后发现，情况要比想象的严重，因为不同国家储油能力差别很大。 最新估算是： 伊拉克：只剩约2天 科威特：约13天 也就是说，最脆弱的产油国可能马上就要被迫停产，“平均值”在危机时刻是骗人的。 市场定价通常是非线性的。当第3天或第8天那个“减产临界点”真的到来时，油价不会是慢慢涨，而是直接跳空高开，因为那时候大家买的不再是油，而是恐惧保险。 摩根大通还重新算了一遍供应损失。 如果海峡继续封锁： 第8天，全球大约会损失330万桶/天 第15天，全球大约会损失380万桶/天 第18天，全球大约会损失470万桶/天（相当于全球供应的5%） 这是一个足以改变油价趋势的冲击。 更麻烦的是油井停产很难恢复。停产需要几周，重新恢复又需要几周。即使战争很快结束，供应恢复也会很慢。所以，供应冲击会比战争持续更久。 一些不好的事情正在发生： 伊拉克已经减少约150万桶/天 霍尔木兹海峡几乎停航 油轮开始被攻击 唯一的好消息是，沙特正在使用一条备用管道，把石油从波斯湾输送到红海港口。最大能力700万桶/天，但霍尔木兹海峡正常运输量是，2000万桶/天——并不能填补缺口。 油价目前还算冷静，并没一飞冲天，因为市场还在赌海峡很快会重新开放。如果这个赌注错了，油价可能会突然跳跃式上涨。 但如果伊朗开始攻击满载油轮，而不是只封锁海峡，那意味着整个波斯湾航运都会停。那时候所有预测都失效，因为船东会直接停止装货。