關於 may department stores ，我們在網路上蒐集到這些相關的討論、資訊與評價

🌻高速成長股的跌幅

這幾年, 越來越多人投資成長股, 尤其是高速成長股, 是一件很好的事情. 但很多投資人應該只看到高速成長股帶來的漲幅, 卻沒看到另一面.

一位分析師做的研究: 除了dot.com那時候的大跌, 其他時候, 高速成長軟體股的跌幅平均是25-27%.

下圖是截至05/17的跌幅(未包括SPAC). 是-37%.

成長股很受到投資人的青睞, 也很容易變成動能股. 當動能失去的時候, 就像重力加速度一樣, 跌速跟跌幅會很快很大.

投資成長股, 尤其是高速成長股, 對我來說, 要不就是佛系, 要不就是練盤感&操作. 可以看適合自己的方法&投資的目標是甚麼(而其實成長股經過去年的大漲幅, 大跌前的估值也已經很高了).

一位財富已自由的財經名嘴的名言:
"Discipline trumps conviction." (紀律勝過信念)

可以跟這句放在一起看:
"I learned that you may be right, but if enough people believe you're wrong the markets can really hurt you." --BlackRock bond chief Rick Rieder

至於成長股還能不能買呢? 可以參考下面這兩段:
While tech stocks have taken the biggest hit from rising inflation concerns, some investors see the recent retreat as an opportunity to buy fast-growing companies.

“Within tech, there are still some companies that look very cheap,” said Jane Shoemake, client portfolio manager at Janus Henderson Investors. “If you believe in the longer-term trends supporting these companies, you should be buying.”
https://www.wsj.com/articles/global-stock-markets-dow-update-05-18-2021-11621323328

🌻FTCH, FVRR, PINS, PYPL, ROKU電話會議內容已整理好. 可到部落格那邊去看: https://makingsenseofusastocks.blogspot.com/

之前先錄了一段影片, 解釋我是怎麼做財報內容&電話會議內容整理的: https://youtu.be/vvkrs6CiWdw

🎯上次有提, 九月份會來做年報財報的導讀. 現在台灣的疫情那麼嚴重, 我有考慮在這個周末來進行, 這樣有興趣的讀者可以利用宅在家的時間來學習. Anyway. 如果決定提早做的話, 我週四會將訊息貼在這邊.

🌻關於市場
Markets are likely to be volatile until additional economic data provides a clearer picture, said Seema Shah, chief strategist at Principal Global Advisors. “I don’t think we could know anything really about which way inflation is going to go until September, but the market is unable to wait that long.”
https://www.wsj.com/articles/global-stock-markets-dow-update-05-20-2021-11621496568

🌻關於cryptocurrency
“[Cryptocurrency] is no longer an asterisk for the general market,” Ms. Krosby said. “It seems like it’s becoming very much part of the general market, and questions whether or not the selloff in bitcoin is representative of concerns over risk-on risk-off over the larger market.”
https://www.wsj.com/articles/global-stock-markets-dow-update-05-20-2021-11621496568

🌻營運分析: 如何看一家公司在疫情後有沒有失去競爭力?

The bounceback was largely to be expected after a dismal comparable quarter last year, when stores had to close due to Covid-19 restrictions. A comparison to pre-pandemic numbers yields a more sober outlook: Measured against the same quarter in 2019, Kohl’s net sales declined 4.2%, while comparable sales at Macy’s fell 10.5%.

One positive surprise was a turn to profitability for the two department store giants; analysts polled by FactSet had expected a net loss from both. But that was partly thanks to factors outside of the retailers’ control: Port congestion has led to less inventory across the apparel industry, leading to more full-priced selling. Inventory declined 25% at Kohl’s compared with a year earlier and fell 14% at Macy’s.

Kohl’s shares fell 10% after it reported Thursday, and Macy’s is down around 5% since reporting earlier in the week. Yet they are both trading at prices higher than pre-pandemic levels.

That seems hard to justify. The truth is that department stores were losing customers before and during the pandemic, and will probably continue to do so after it. While Kohl’s and Macy’s sales remain below pre-pandemic levels, off-price and big-box retailers have seen their apparel sales increase. At TJX’s Marmaxx division, which houses T.J. Maxx and Marshalls, sales in the quarter ended May 1 were up 14.4% compared with the same period in 2019. Target’s apparel sales grew 29% over the comparable period.

https://www.wsj.com/articles/return-to-normal-not-good-enough-for-department-stores-11621530127

🌻通膨. The magic number 4.

Mackintosh 表示，經濟復甦提高通膨也有利股市，聯準會 (Fed) 在這個階段也很樂意忽略通膨，因為經濟成長正是政府想要的。但當通膨進一步上升，壓縮到股票報酬率時， 4% 通膨率將成為關鍵點。

據統計自 1957 年標普 500 指數創立以來，美國曾有 9 次通膨率高於 4%，這其中的 8 次，股市在 3 個月後下跌。只有 2005 年突破 4% 又隨即回落，因而未影響大盤。
https://news.cnyes.com/news/id/4647748

WSJ原文在此:
https://www.wsj.com/articles/inflations-magic-number-is-four-11621355006

🌻附上本周發表財報的公司一覽表(在下方留言處)

🌻專門介紹美國豪宅的YouTuber。宅在家沒事可以欣賞一下。
https://m.youtube.com/user/enesyilmazer

Pictures: from earningswhispers.com; It's always a pleasant surprise when animal friends visited. This time, three in a low.
一次有三隻鹿來拜訪.
影片: https://youtu.be/TxLTGe9IdWA

Bold contours and exaggerated volumes define the new Hollywood Forever Gucci Eyewear collection designed by Alessandro Michele, who was inspired by the mesmerizing, eclectic spirit of Hollywood. The collection is available to shop now through link in bio and will be available in selected Gucci stores, department stores and independent opticians by the end of May. Discover more on.gucci.com/HollywoodForever__.

In colorful tiled bathrooms taking extravagant bubble baths, a cast of characters showcase the new Hollywood Forever crystal-studded sunglasses designed by Alessandro Michele. First launched in 2017, the Hollywood Forever eyewear concept is revamped, bringing vintage glamour to a contemporary lineup of sunglasses with glittering crystals that are meticulously applied by hand. Creative Director Alessandro Michele, Art Director Christopher Simmonds and photography by Harmony Korine. The collection is available to shop now on.gucci.com/_HollywoodForever and will be available in selected Gucci stores, department stores and independent opticians by the end of May.

Check out the differences of Orchard Road in Singapore during COVID19 Phase 1 and Phase 2.
Music by David Meraki: https://www.youtube.com/channel/UCI-ShiSbaApBfnKdgVaSWsQ

Fun Facts:
Orchard Road is a famous street in South East Asia, and increasingly across the world. Adorned with stores, malls, eateries and sites, the 2.2km strip is a paradise delight for shoppers and tourists alike. But there are a few things about Orchard Road that are little known, and adding these to your bank of knowledge could quite impress whoever you choose to stroll down the famed boulevard with. It’s not all about shopping and consumerism, there’s a lot more to this historic street in the Lion City.
1. If you perchance to stroll down Orchard Road between around 6:30 to 8:30pm, you may notice that the human species is somewhat outnumbered by another; hundreds and hundreds of birds flock to the famed shopping street in the evening, The Birds
If you perchance to stroll down Orchard Road between around 6:30 to 8:30pm, you may notice that the human species is somewhat outnumbered by another; hundreds and hundreds of birds flock to the famed shopping street in the evening, and their singing of sunset songs can actually become quite a racket. But why are there so many birds? Singapore is actually located right on course of the East Asian-Australasian Flyway – the migrating path of thousands of birds, and the island is an essential stop for the birds to refuel – and what a place to do it! Munching on leftover food, and singing from the many treetops that line the streets are four different species of birds; the Asian Glossy Starling, the Javan Myna, the house crow, and the rock pigeon.
But their presence comes with an unsightly catch – the poop. Executive Director of the Orchard Road Business Association, Steven Goh, is expending much effort and a lot of resources to keep the boulevard clean. For example, up to 3’000 litres of water every night is used to pressure clean the street and rid it of bird poop.
1. What’s in a Name?
The name Orchard Road actually originates from where you might think – it was once lined with orchards! Early in the 19th century it was home to Pepper and Gambier plantations, which years later gave way to Nutmeg and Fruit Orchards.
It’s rumored that a “Mr. Orchard” used to own some of the land at the corner of present-day Scotts Road and Orchard Road, and as lovely as that might be, there doesn’t seem to be much evidence to support it.
1. What Once Was…
As well as fruitful orchards (that sadly diminished mostly due to disease), Orchard Road was also once the location of three cemeteries; a Chinese cemetery, a Sumatran cemetery, and later on, a Jewish Cemetery.
By the 1860’s there were many private houses on Orchard Road, and in the early 1890’s, King Chulalongkorn, King of Siam, acquired “Hurricane House”. Later two pieces of property were added on, and it is now the site of the Royal Thai Embassy, at 370 Orchard Road.
The early 20th Century saw Orchard Road as home to a number of different things including fresh produce markets, car parks, the Orchard Road Railway and the Glutton’s market – where locals would wait for the clock to hit 5pm before setting up a number of stalls selling local cuisines and goodies.
And then in 1958 the Orchard Road that we know now began, with the opening of CK Tang’s Department store – the first and longest-running of its kind on the strip.
1. A Secret Street
Just a hop behind the glamourous Orchard Road, is another awe-inspiring street, but not for any of the same reasons.
Emerald Hill is a little street of terraced houses that feels as though it’s been frozen in time – a stunning display of Chinese Baroque architecture, this little street definitely deserves a little of your time away from Orchard Road.
What was once a nutmeg plantation (which sadly failed due to disease) has since become the home of many-a-wealthy Singaporean, and has even been the mystical setting for many short stories written by pioneer of Singaporean Literature Goh Sin Tub.


https://singapore.concordehotelsresorts.com/9-mildly-interesting-facts-about-orchard-road-you-probably-didnt-know

This is SIAM on the weekend.
Beginning in May, some food restrictions at restaurants were lifted, and customers are returning to the restaurants.
However, department stores are still under business regulations.
Therefore, the main street of SIAM is not so crowded.
LITTLE SIAM has some shops that are open, and it seems that there are people there.

Mongolian beef or 蒙古牛肉 in Chinese is a dish served in Chinese restaurants in the United States and Australia. Although this dish s known as Mongolian beef, none of the ingredients used or preparation methods are drawn from traditional Mongolian cuisine. According to what I read from the internet, people usually associate eating meat with Mongolians because they are usually strong and well-built plus they Mongolian sound more interesting and exotic too, which makes the dish sound a lot more appealing. Haha. Oh well, Mongolian or not, if you're a fan of beef dishes, this is a really easy recipe to follow and we're very sure your family will love it so much. Serve this dish over steamed rice or over crispy fried noodles and your family will surely be impressed.

Refer to the ingredient list below or go to our website here for your easy reference.

We would like to give special thanks to Greenpan for letting us try out their high quality non-stick pan in the video. If you like to buy them, you can go to any of the major department stores in Singapore such as Isetan, Robinsons, Takashimaya, BHG, OG, Metro or Tangs.

Hope you can recreate this yummy dish in the comfort of your home. Thanks for dropping by our channel.

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xoxo
Jamie
on behalf of Spice N’ Pans

Ingredients:
Serves 5 - 6

Marinade for beef - marinate for at least 10 - 15 mins.
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300g of beef flank - sliced thinly against the grain and use the back of a cleaver to tenderize the beef]
1 tablespoon of light soya sauce
1/2 teaspoon of baking soda
1.5 tablespoons of cornflour
Juice from 1/2 thumb size of ginger
A generous dash of white pepper

Ingredients for stir-frying
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1/4 thumb size of ginger - shredded
2 cloves of garlic - chopped
5 stalks of spring onion (add stems first)
1 cup of water
1 tablespoon of oyster sauce
1 tablespoon of dark soya sauce
1 tablespoon of light soya sauce
1/2 tablespoon of sugar
Some cornstarch solution - amount to use depends on how thick you want your sauce to be
1 tablespoon of chilli powder - optional
1/2 tablespoon of sesame oil
1 tablespoon of Chinese cooking wine (Shaoxing Huatiao wine)

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Looking for some of the things or ingredients we used in this video but not residing in Singapore? We welcome you for a vacation in Singapore or simply click one of these links to see similar or substitute products on Amazon. Happy shopping!

GreenPan: https://amzn.to/2t7itiN
Low Sodium Light Soya Sauce: https://amzn.to/2JPnyn3
Oyster Sauce: https://amzn.to/2sZ8FIj
Dark Soya Sauce: https://amzn.to/2MpSBr4
Chilli powder: https://amzn.to/2HO4NOR
Sesame Oil: https://amzn.to/2takLOa
Shaoxing wine aka Chinese cooking wine: https://amzn.to/2JNa4rS

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If you like this recipe, you might like these too:

Stir Fry Beef w/ Ginger & Scallions 姜葱牛肉
https://youtu.be/EfRpZ3GnvBM

Beef Hor Fun 豉汁滑蛋牛河 Beef Rice Noodles in Black Bean Sauce
https://youtu.be/GggsvmHhjRQ

Best Mapo Tofu 麻婆豆腐
https://youtu.be/4nOyefp0ycA

Disclaimer:
Spice N' Pans is not related to these products and cannot guarantee the quality of the products in the links provided. Links are provided here for your convenience. We can only stand by the brands of the products we used in the video and we highly recommend you to buy them. Even then, preference can be subjective. Please buy at your own risk. Some of the links provided here may be affiliated. These links are important as they help to fund this channel so that we can continue to give you more recipes. Cheers!