<p>隨着季度接近尾聲，投資者可以查看 13-F 申報文件，以確定華爾街最優秀的頭腦在未來幾個月的計劃。美國證券交易委員會（SEC）要求每當個人投資者或基金持有任何股票的重要股權時提交這些申報文件，因此對於像沃倫·巴菲特這樣的大玩家來説，這是一項常規申報。</p>
<p>然而，大多數散户投資者可能很難與巴菲特產生共鳴，因為他的現金持有量（超過 2500 億美元）相當於許多小國家的經濟規模。因此，對於購買力較弱、尋求更快投資機會的人來説，其他投資者如邁克爾·伯裏（曾預測 2008 年金融危機）在早期財富積累階段可能發揮更好的作用。</p>
<p>在伯裏最近的 13-F 申報文件中，投資者可以找到一些值得關注的投資。他主要減持的是黃金商品投資，具體是 <strong>Sprott Physical Gold Trust NYSEARCA: PHYS</strong>，這可能並不一定意味着對黃金價格持悲觀看法，而更可能是在金屬最近創歷史新高後進行利潤回吐。他的買入包括消費者福利支付平台 <strong>Shift4 Payments Inc. NYSE: FOUR</strong>，以及房地產投資 <strong>Hudson Pacific Properties Inc. NYSE: HPP</strong>。</p>
<h2><strong>Sprott Physical Gold Trust 減持：伯裏對美元的看好</strong></h2>
<p>像減持 Sprott Physical Gold 這樣的黃金投資並不一定代表對該商品的悲觀看法；實際上可能是對美元看漲的看法。為什麼呢？黃金和石油一樣，是以美元計價的，因此預期未來貨幣更強勁可能直接與伯裏的黃金持倉相沖突。</p>
<p>然而，對黃金還有其他看漲因素。高盛分析師預計，如果美聯儲在下個季度實際降息，金價可能在 2024 年底達到每盎司 2700 美元，這一觀點可能會得到通脹迴歸的支持。</p>
<p>然而，伯裏並不是唯一持有這種觀點的人，B. Riley Wealth Advisors 也在 2024 年 8 月剛剛清倉了該股。通過削減超過 90% 的持倉，這家財富顧問現在完全退出了 Sprott Physical Gold Trust 股票，其他人也紛紛效仿。</p>
<p>EP Wealth Advisors 也在 2024 年 8 月清倉了他們所有的 Sprott Physical Gold Trust 股票。再加上過去 12 個月該股淨機構流出達 7,900 萬美元，顯示投資者信心下降，所以也許伯裏這次也是對的。</p>
<h2><strong>Shift4 Payments 贏得伯裏的信任：押注消費活動上升</strong></h2>
<p>如果美聯儲如芝加哥商品交易所（CME）的 FedWatch 工具所預測的那樣，早在 2024 年 9 月就降息，消費活動可能會反彈至之前的水平。這種潛在增長可能會使像 Shift4 Payments 這樣的公司受益，該公司促進產品和消費者之間的交易。</p>
<p>再次，伯裏在他的選擇上並不孤單；華爾街分析師預測該股未來 12 個月的每股收益（EPS）增長高達 29.6%，超過了像 <strong>PayPal Holdings Inc. NASDAQ: PYPL</strong> 這樣的競爭對手，後者僅預測未來 12 個月 EPS 增長 11.1%。</p>
<p>當然，這幫助 DA Davidson 的人確定了 Shift4 Payments 的 104 美元目標價，呼籲股價有望比今天的交易價格上漲 30%。面對如此多的看漲證據，甚至讓空頭逃跑；Shift4 Payments 的空頭頭寸在過去一個月內下降了超過 5%，顯示出看跌情緒的跡象。</p>
<p>即使公司 CEO 也為購買一些公司股票提供了理由，因為 2024 年 5 月的交易顯示，他在該公司購買了高達 250 萬美元的股票。市場為這支股票支付溢價也一定有充分的理由，因為 Shift4 Payments 現在的市淨率（P/B）為 8.1 倍，高於業務部門平均估值 4.2 倍。</p>
<h2><strong>Hudson Pacific Properties：伯裏對房地產復甦的大膽押注</strong></h2>
<p>市場上大多數人現在都意識到商業地產的痛苦狀態，遠程辦公和混合工作模式已成為美國大多數科技股的新常態。然而，根據 Hudson Pacific 的投資者介紹，這種情況可能很快會有所轉變。</p>
<p>高達 64% 的首席執行官現在相信，到 2026 年工作時間表將恢復到疫情前的出勤比例。此外，截至 2023 年 12 月，LinkedIn 上遠程工作的職位招聘數量年均下降 12%，這當然有助於辦公空間的租金收入和估值。</p>
<p>另一份顯示 Hudson Pacific 主要租户佔比的文件將指引投資者朝正確方向。<strong>Alphabet Inc. NASDAQ: GOOGL</strong> 是最大的租户，佔到年租金的 10.2%。其次是 <strong>Amazon.com Inc. NASDAQ: AMZN</strong>，佔 5.5%。<strong>Netflix Inc. NASDAQ: NFLX</strong> 以類似的 5.1% 排名第三。</p>
<p>瞭解到這些物業的租賃前景樂觀，華爾街分析師現在預測未來 12 個月該股每股收益（EPS）增長 55.4%，超過大多數房地產投資信託（REITs）。此外，分析師們得出共識目標價為 7.3 美元/股，呼籲股價有望比今天的交易價格上漲 39.3%。</p>
<p>→ 揭示頂級股票！（來自達爾文）（廣告）</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04OTQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04OTQw"/></p>
<h2>您現在是否應該投資 1000 美元購買 Alphabet 股票？</h2>
<p>在考慮購買 Alphabet 股票之前，您可能希望聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街評級最高、表現最佳的研究分析師以及他們推薦給客户的股票。MarketBeat 已確定了五隻頂級分析師悄悄告訴客户在更廣泛市場注意之前購買的股票...而 Alphabet 不在這份名單上。</p>
<p>儘管 Alphabet 目前在分析師中有 “中等買入” 評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>查看這五隻股票</p>

FOUR

<p>邁克爾·伯裏最近提交的 13-F 報告揭示了他在 2024 年的熱門股票選擇。值得注意的是，他出售了 Sprott Physical Gold Trust，這可能表明他對美元持樂觀態度，同時投資於 Shift4 Payments 和 Hudson Pacific Properties。分析師預計 Shift4 的每股收益將實現顯著增長，這將受到預期的消費活動推動，而商業地產的復甦跡象可能有利於 Hudson Pacific。這些舉動突顯了伯裏的戰略定位，投資者們希望在不斷變化的經濟條件下抓住新興市場趨勢</p>

<p>As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.</p>
<div class="lb-trans"><p>隨着季度接近尾聲，投資者可以查看 13-F 申報文件，以確定華爾街最優秀的頭腦在未來幾個月的計劃。美國證券交易委員會（SEC）要求每當個人投資者或基金持有任何股票的重要股權時提交這些申報文件，因此對於像沃倫·巴菲特這樣的大玩家來説，這是一項常規申報。</p>
</div><p>However, most retail investors can relate only so much to Buffett, as his cash holdings (upwards of $250 billion) are the size of many economies in small countries. So, for those with less buying power looking for a quicker investment play, other investors like Michael Burry (who called the 2008 financial crisis) might play a better role when in the early wealth-building stages.</p>
<div class="lb-trans"><p>然而，大多數散户投資者可能很難與巴菲特產生共鳴，因為他的現金持有量（超過 2500 億美元）相當於許多小國家的經濟規模。因此，對於購買力較弱、尋求更快投資機會的人來説，其他投資者如邁克爾·伯裏（曾預測 2008 年金融危機）在早期財富積累階段可能發揮更好的作用。</p>
</div><p>Inside Burry’s recent 13-F filings, investors can find a few interesting plays to watch out for. His main selling name was a gold commodity play in <strong>Sprott Physical Gold Trust NYSEARCA: PHYS</strong>, which might not necessarily be a bearish view on gold prices but rather profit-taking after the metal reached an all-time high recently. His buys were found in consumer discretionary payments platform <strong>Shift4 Payments Inc. NYSE: FOUR</strong>, topped with a real estate play in <strong>Hudson Pacific Properties Inc. NYSE: HPP</strong>.</p>
<div class="lb-trans"><p>在伯裏最近的 13-F 申報文件中，投資者可以找到一些值得關注的投資。他主要減持的是黃金商品投資，具體是 <strong>Sprott Physical Gold Trust NYSEARCA: PHYS</strong>，這可能並不一定意味着對黃金價格持悲觀看法，而更可能是在金屬最近創歷史新高後進行利潤回吐。他的買入包括消費者福利支付平台 <strong>Shift4 Payments Inc. NYSE: FOUR</strong>，以及房地產投資 <strong>Hudson Pacific Properties Inc. NYSE: HPP</strong>。</p>
</div><h2><strong>Sprott Physical Gold Trust Sale: Burry’s Bullish Move on the Dollar</strong></h2>
<div class="lb-trans"><h2><strong>Sprott Physical Gold Trust 減持：伯裏對美元的看好</strong></h2>
</div><p>Selling out of a gold play like Sprott Physical Gold may not be a bearish view of the commodity; it could actually be a bullish view of the U.S. dollar. Why? Gold, like oil, is quoted in dollars, so expecting a stronger currency ahead could have directly conflicted with Burry's gold holdings.</p>
<div class="lb-trans"><p>像減持 Sprott Physical Gold 這樣的黃金投資並不一定代表對該商品的悲觀看法；實際上可能是對美元看漲的看法。為什麼呢？黃金和石油一樣，是以美元計價的，因此預期未來貨幣更強勁可能直接與伯裏的黃金持倉相沖突。</p>
</div><p>There are other bull cases for gold, however. Analysts at Goldman Sachs expect the price of gold to reach up to $2,700 an ounce by the end of 2024, a view that could be backed by the return of inflation if the Fed actually cuts interest rates by the next quarter.</p>
<div class="lb-trans"><p>然而，對黃金還有其他看漲因素。高盛分析師預計，如果美聯儲在下個季度實際降息，金價可能在 2024 年底達到每盎司 2700 美元，這一觀點可能會得到通脹迴歸的支持。</p>
</div><p>However, Burry is not alone in this view, as B. Riley Wealth Advisors also sold out of the stock as recently as August 2024. By cutting over 90% of their position in the stock, this wealth advisor is now entirely out of Sprott Physical Gold Trust stock, and others followed suit.</p>
<div class="lb-trans"><p>然而，伯裏並不是唯一持有這種觀點的人，B. Riley Wealth Advisors 也在 2024 年 8 月剛剛清倉了該股。通過削減超過 90% 的持倉，這家財富顧問現在完全退出了 Sprott Physical Gold Trust 股票，其他人也紛紛效仿。</p>
</div><p>EP Wealth Advisors also sold out of their entire Sprott Physical Gold Trust stock in August 2024. This, combined with the $79 million in net institutional outflows from the stock over the past 12 months, shows a decline in investors' confidence, so maybe Burry is right this time as well.</p>
<div class="lb-trans"><p>EP Wealth Advisors 也在 2024 年 8 月清倉了他們所有的 Sprott Physical Gold Trust 股票。再加上過去 12 個月該股淨機構流出達 7,900 萬美元，顯示投資者信心下降，所以也許伯裏這次也是對的。</p>
</div><h2><strong>Shift4 Payments Gains Burry’s Confidence: A Bet on Rising Consumer Activity</strong></h2>
<div class="lb-trans"><h2><strong>Shift4 Payments 贏得伯裏的信任：押注消費活動上升</strong></h2>
</div><p>Should the Fed cut interest rates as early as September 2024, as projected by the CME’s FedWatch tool, consumer activity could rebound to previous levels. This potential increase would likely benefit companies like Shift4 Payments, which facilitates transactions between products and consumers.</p>
<div class="lb-trans"><p>如果美聯儲如芝加哥商品交易所（CME）的 FedWatch 工具所預測的那樣，早在 2024 年 9 月就降息，消費活動可能會反彈至之前的水平。這種潛在增長可能會使像 Shift4 Payments 這樣的公司受益，該公司促進產品和消費者之間的交易。</p>
</div><p>Once again, Burry is not alone in his choice; Wall Street analysts forecast up to 29.6% earnings per share (EPS) growth for the next 12 months in the stock, coming above competitors like <strong>PayPal Holdings Inc. NASDAQ: PYPL</strong>, which only have a forecast for 11.1% EPS growth in the next 12 months.</p>
<div class="lb-trans"><p>再次，伯裏在他的選擇上並不孤單；華爾街分析師預測該股未來 12 個月的每股收益（EPS）增長高達 29.6%，超過了像 <strong>PayPal Holdings Inc. NASDAQ: PYPL</strong> 這樣的競爭對手，後者僅預測未來 12 個月 EPS 增長 11.1%。</p>
</div><p>Of course, this helped those at DA Davidson land on a $104 price target for Shift4 Payments, calling for up to 30% upside from where the stock trades today. Facing this much bullish evidence even sent the bears running; short interest for Shift4 Payments declined by over 5% in the past month to show signs of bearish capitulation.</p>
<div class="lb-trans"><p>當然，這幫助 DA Davidson 的人確定了 Shift4 Payments 的 104 美元目標價，呼籲股價有望比今天的交易價格上漲 30%。面對如此多的看漲證據，甚至讓空頭逃跑；Shift4 Payments 的空頭頭寸在過去一個月內下降了超過 5%，顯示出看跌情緒的跡象。</p>
</div><p>Even the CEO justified buying some of his stock, as a May 2024 transaction shows he bought up to $2.5 million in the company. There must also be a good reason for markets to pay a premium for this stock, as Shift4 Payments now trades at a price-to-book (P/B) multiple of 8.1x over the business sector’s average valuation of 4.2x.</p>
<div class="lb-trans"><p>即使公司 CEO 也為購買一些公司股票提供了理由，因為 2024 年 5 月的交易顯示，他在該公司購買了高達 250 萬美元的股票。市場為這支股票支付溢價也一定有充分的理由，因為 Shift4 Payments 現在的市淨率（P/B）為 8.1 倍，高於業務部門平均估值 4.2 倍。</p>
</div><h2><strong>Hudson Pacific Properties: Burry’s Bold Bet on a Real Estate Revival</strong></h2>
<div class="lb-trans"><h2><strong>Hudson Pacific Properties：伯裏對房地產復甦的大膽押注</strong></h2>
</div><p>Most in the market are now aware of the painful state of commercial property, as remote work and hybrid settings are the new norm for most technology stocks in the United States. However, according to Hudson Pacific's investor presentation, that could soon have a new turn.</p>
<div class="lb-trans"><p>市場上大多數人現在都意識到商業地產的痛苦狀態，遠程辦公和混合工作模式已成為美國大多數科技股的新常態。然而，根據 Hudson Pacific 的投資者介紹，這種情況可能很快會有所轉變。</p>
</div><p>Up to 64% of CEOs now believe that work schedules will return to pre-pandemic attendance ratios by 2026. Furthermore, as of December 2023, the number of job postings for remote work on LinkedIn declined by 12% annually, which, of course, helps the rental income and valuations of office space.</p>
<div class="lb-trans"><p>高達 64% 的首席執行官現在相信，到 2026 年工作時間表將恢復到疫情前的出勤比例。此外，截至 2023 年 12 月，LinkedIn 上遠程工作的職位招聘數量年均下降 12%，這當然有助於辦公空間的租金收入和估值。</p>
</div><p>Another document showing Hudson Pacific's main tenants by share would point investors in the right direction. <strong>Alphabet Inc. NASDAQ: GOOGL</strong> is the largest tenant, representing up to 10.2% of annualized rent. It is followed by <strong>Amazon.com Inc. NASDAQ: AMZN</strong>, which takes up 5.5%. <strong>Netflix Inc. NASDAQ: NFLX</strong> takes third place with a similar 5.1%.</p>
<div class="lb-trans"><p>另一份顯示 Hudson Pacific 主要租户佔比的文件將指引投資者朝正確方向。<strong>Alphabet Inc. NASDAQ: GOOGL</strong> 是最大的租户，佔到年租金的 10.2%。其次是 <strong>Amazon.com Inc. NASDAQ: AMZN</strong>，佔 5.5%。<strong>Netflix Inc. NASDAQ: NFLX</strong> 以類似的 5.1% 排名第三。</p>
</div><p>Knowing that these properties' rental outlook is upbeat, Wall Street analysts now forecast 55.4% earnings per share (EPS) growth in the next 12 months, beating most real estate investment trusts (REITs). More than that, analysts landed on a consensus price target of $7.3 a share, calling for as much as 39.3% upside from where it trades today.</p>
<div class="lb-trans"><p>瞭解到這些物業的租賃前景樂觀，華爾街分析師現在預測未來 12 個月該股每股收益（EPS）增長 55.4%，超過大多數房地產投資信託（REITs）。此外，分析師們得出共識目標價為 7.3 美元/股，呼籲股價有望比今天的交易價格上漲 39.3%。</p>
</div><p>→ Top Stock Unveiled! (From Darwin)(Ad)</p>
<div class="lb-trans"><p>→ 揭示頂級股票！（來自達爾文）（廣告）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04OTQw" alt="" original-src="https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx?TriggeredCampaignID=8940&amp;Placement=NativeDisplay&amp;Source=NativeDisplay"/></p>
<h2>Should you invest $1,000 in Alphabet right now?</h2>
<div class="lb-trans"><h2>您現在是否應該投資 1000 美元購買 Alphabet 股票？</h2>
</div><p>Before you consider Alphabet, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮購買 Alphabet 股票之前，您可能希望聽聽這個。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟蹤華爾街評級最高、表現最佳的研究分析師以及他們推薦給客户的股票。MarketBeat 已確定了五隻頂級分析師悄悄告訴客户在更廣泛市場注意之前購買的股票...而 Alphabet 不在這份名單上。</p>
</div><p>While Alphabet currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>儘管 Alphabet 目前在分析師中有 “中等買入” 評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票</p>
</div>

2024 年值得關注的邁克爾·伯裏的三大股票選擇