Netflix收益结果……以及能源交易的下一步走向 7/16/26

我觉得不太可能。

I would say probably not.

一旦这些产能在美国投产，利润率结构就会发生变化。

So there's a margin profile change when that production capacity comes online.

那么在这些美国晶圆厂投产之前，我们现在是不是已经处在利润率的高点？

And so are we looking at peak margins from now until those US fabs are open?

梅丽莎今天提了个特别棒的问题，看起来还挺聪明的。

Excellent question from very smart looking Melissa today.

哦，是眼镜。

Oh, the glasses.

眼镜。

Glasses.

我根本不用上大学。

I don't have to go to college.

那些是医疗用的

Those are the medical

实验室。

labs.

哈佛倒是，不过还是不行，你知道的。

Harvard anyway, though, but still, you know, no.

不过这问题问得真好。

Excellent question, though.

我再回到你提到的韩国暂停新杠杆ETF这件事。

I just come back to again the what you brought up about South Korea halting new levered ETFs.

如果你现在持有一个杠杆ETF，你肯定得想，他们会不会出台什么措施限制你继续持有？

If you're in a levered ETF there now, you have to wonder, are they going to maybe, you know, do something to restrict my owning that?

所以对我来说，这才是今天所有这些市场波动背后最主要的推动力，不管涉及哪个领域、哪种趋势。

So that to me is the biggest driver of all of this movement today across any tangent to, you know Across currents

和杠杆有关。

and leverage.

对。

Yeah.

接下来，有一个令人震惊的举动。

Coming up, a mind bending move.

礼来公司押注迷幻药物治疗精神健康问题，这是他们最新一笔数十亿美元的交易，同时我们也将分析制药股的未来前景。

Eli Lilly making a big bet on psychedelics to treat mental health conditions inside the company's latest multi billion dollar deal and the prognosis for pharma stocks next.

此外，我们还会带来Netflix财报的最新动态。

Plus, we'll bring you the very latest headlines from the Netflix call.

顶级分析师将加入我们，分享他们的核心观点。

Top analysts will join us with his biggest takeaways.

别走开。

Don't go anywhere.

《快钱》节目马上回来。

Fast Money's back in

在

in

的

the

国家。

country.

这个是阿特贝克利。

The is is Atybekli.

这笔交易价值高达38亿美元，是心理健康治疗领域快速演变的最新迹象。

The transaction worth up to $3,800,000,000 is the latest sign of momentum in the quickly evolving landscape for mental health treatment.

今天早些时候，安吉莉卡·皮布尔斯采访了礼来公司的首席科学官。

Angelica Peebles spoke with Lily's chief scientific officer earlier today.

现在她加入我们，带来详细情况。

She joins us now with the details.

你好，安吉莉卡。

Hi Angelica.

嗨，梅丽莎。

Hey, Melissa.

这笔交易让礼来获得了一种已进入三期临床试验的类似DMT的药物，用于治疗难治性抑郁症。

Well, this deal gives Lily a DMT like drug that's already in phase three, and that's being studied for treatment resistant depression.

而且这还让他们获得了一整套致幻剂药物管线。

And it also gives them a whole pipeline of psychedelics.

主打的DMT药物是一种鼻喷剂，能引发大约半小时的幻觉体验，需要在诊所监测两小时。

The lead DMT based drug, it's a nasal spray that produces a hallucinogenic trip that lasts for about half an hour, and it requires two hours of monitoring at a clinic.

Lilly的首席科学官丹·斯克拉沃斯基认为，这种药物比那些持续数小时的致幻剂更融入日常生活，患者可能每年只需使用几次。

And Lilly's chief scientific officer, Dan Skravonsky, says that he thinks that that fits into people's lives better than some of the other psychedelics where trips last for hours, and that this one will likely just be taken a few times a year.

过去，致幻剂一直背负着污名，科学界的一些人可能也没有认真对待它们。

In the past, psychedelics have had a a stigma, and parts of the scientific community may may not have, looked at them as as carefully.

我不觉得这一定是个问题。

I don't see that as necessarily a problem.

恰恰相反，我更愿意去研究那些别人忽略的领域。

Actually, it's attractive to me to work on things that others may be overlooking.

我们过去研究的很多疾病都曾被贴上污名标签。

A lot of the diseases that we've worked on in the past have been stigmatized.

但随着时间推移，我们用科学去解释，人们渐渐明白：这不过是大脑里的生物或化学反应，只要能干预，就能改善病情，污名自然就会消失。

And then over time, we bring science to bear and people understand, well, this is this is biology or chemistry in in the brain, and we can change it and make people better, and the stigma can go away.

当然，礼来是一家大公司，接下来就看其他药企会不会跟进。

And, you know, Lilly, of course, is a very big company, and so we'll have to see if other pharma companies follow suit.

各位怎么看？

Guys?

强生公司也有类似的鼻喷剂。

Johnson and Johnson does have a nasal spray as well.

安吉莉卡，这些药物在适应症上有什么不同？

Angelica, how does it compare in terms of the indications these drugs might treat?

你还提到，药物作用时间和监测时长也不一样？

And also, you mentioned the length of the trip, also the length of the monitoring is different?

是的，Spravato目前获批用于治疗难治性抑郁症。

Yeah, so Spravato is also, it's currently approved for treatment resistant depression.

同样，这也是一种需要在诊所使用的鼻喷剂。

And same idea, this is a nasal spray that's actually administered in a clinic.

所以患者至少要在诊所接受几个小时的观察。

And so you're monitored for a few hours at least.

所以这一种需要至少两小时的监测。

And so that one is indicated for at least two hours of monitoring.

而这一种时间可能更短，最多两小时。

And this could be shorter, so up to two hours.

这里面可能还有一些细节上的差别。

There might be some nuances there.

具体时长到底怎样，还得看实际情况。

We'll have to see exactly how that plays out in terms of the length.

但有意思的是，这款药已经上市好几年了，他们一直花时间搭建这些诊所的配套体系。

But what's interesting is that, know, and j, this drug has been on the market for years, and they've spent time, you know, building up the infrastructure for these clinics.

彭博社还做过一篇很不错的报道，详细介绍了他们是怎么推动这套体系建立的。

Bloomberg actually had a really good story detailing what they've done to help, you know, build out that infrastructure.

所以思路是一样的，但这种DMT类药物，体验完全不同。

So the same idea here, but, you know, this DMT like drug, it's a different experience.

我的意思是，这是一次完整的幻觉体验。

I mean, this is a full blown trip.

今天早上我跟乔开玩笑说，这药可真够猛的。

I was joking, with Joe earlier this morning that it's, you know, it's a pretty potent drug.

所以这事儿还得看看大家有没有兴趣。

So that's something that, you know, we'll have to see if people are interested in.

我问了格拉凡斯基，你觉得这药会广泛使用吗？

I asked Gravansky, do you think that this will be widely used?

你觉得真有那么多人愿意去体验这个吗？

You know, do you think there are that many people that want to go through this?

他说还得再观察，但他觉得这东西潜力不小。

And he said, we'll have to see, but he does think that this could have some big potential.

好的。

Alright.

安吉丽卡，谢谢你。

Angelica, thank you.

安吉丽卡·皮尔斯。

Angelica Peoples.

股价上涨，这明显反映出市场对这项收购的看法。

And, of course, the stock going up, pretty good indication in terms of what people think about this acquisition.

其实还不错。

It's actually alright.

Lily今年才刚到七月，就已经完成或宣布了17笔交易。

Lily has either announced or closed 17 deals in 2026 just this year, and it's only July.

这正是他们自家股票和货币成功带来的结果。

And that's what the success of their currency, their stock, were able to do for them.

他们掌握着主动权，就像扑克桌上筹码最多的人，把筹码用得恰到好处，这很合理。

I mean, they're in the driver's seat, so they're the large stack at the poker table, and they're using their chips good for them, and they should.

这再次说明，这个领域的并购活动还会持续下去。

This to me speaks to, again, M and A in the space, which will continue.

我关注的一个推特用户，叫Chris Irons，他一直在写关于致幻剂的内容。

There's somebody I follow on Twitter, guy named Chris Irons, who's been writing about psychedelics.

如果你想了解ETF，可以看看顾问类份额。

If you want to look at an ETF, look at advisor shares.

他们有一个叫 PSIL 的基金。

They have something called PSIL.

我没法详细分析它的具体成分，但如果你想广泛布局这个领域，这倒是个不错的选择。

I can't speak intelligently about the components, but if you want to be in a space in a broad way, that's one way to play it.

今天制药板块有不少大动静。

We had a number of big movers in pharma today.

默克公司也涨了，因为他们的每日一次降胆固醇药获得了 FDA 批准。

Merck was another one on the FDA approval of its once daily cholesterol lowering pill.

是啊，这似乎效果更好。

Uh-huh, that seems to be even better than

没错，这两者搭配得挺好。

Right, good combination combination those, yeah.

他汀类药物作为仿制药，已经存在很久了。

I mean, are generics have been around a really long time, the statins.

但这次的情况还挺特别的。

But that this was interesting.

这一步走得真不错。

So that was a nice move there.

对礼来来说，这是一笔现金交易。

To Lilly, this was a cash deal.

股价上涨了120亿美元。

The stock moved the value the the stock was up by $12,000,000,000.

收购价格大概是两点多亿吧。

The purchase price was, you know, 2 and something.

没错。

Right.

微不足道。

Tiny.

没错。

Right.

对他们来说真是好事。

So good for them.

对。

Mhmm.

你们谁在医疗行业工作吗？

Where are you in health care, if anyone?

说实话，我今天之前从来没听说过泰·贝克利，但我做了一点功课。

So admittedly, I'd never heard of a Ty Beckley until today, but I did a little bit of reading.

我觉得有意思的是，这本质上是个资本配置的故事。

And what I think is interesting is it's it's very much a capital allocation story.

这说明了规模和竞争优势的力量。

So this speaks to the power of scale and competitive advantage.

他们正把资金投向肥胖症和GLP-1这类快速增长的市场，转向长期增长型资产，我觉得这挺有眼光的。

And they're taking that the growth market of obesity and GLP ones and redeploying that cash at a long duration growth asset, which I think is interesting.

这些人确实是资本配置的高手。

These guys are skilled capital allocators.

这家公司的投资回报率超过百分之三十。

The company earns a 30 plus percent return on invested capital.

从战略层面来看，这确实说得通。

You you know, strategic level makes sense.

接下来，最新数据显示房地产市场前景黯淡，购房者面临更大压力，而住宅建筑商的股价却逆势上扬，这是为什么呢？

Coming up, no easy way home for the housing market inside the latest data painting a tougher picture for buyers and why homebuilder stocks seem to be defying the headlines.

您正在收看《快钱》现场直播，地点是时代广场的纳斯达克交易大厅，稍后回来。

You're watching fast money live from the Nasdaq market site in Times Square Back right after this.

美国哪些州最适合做生意？

Which are America's top states for business?

获取完整数据和各州详细分析。

Get all the data and complete state by state analysis.

看看你的州排在第几位。

See how your state measures up.

美国最适合做生意的州。

America's top states for business.

立即访问 topstates.cnbc.com 查看完整榜单。

See the full list now at topstates.cnbc.com.

欢迎回到《快钱》节目。

Welcome back to fast money.

根据最新的房地美数据，美国抵押贷款利率已升至近一年来的高点。

US mortgage rates hitting nearly one year highs according to the latest Freddie Mac data.

三十年期固定利率的平均水平现在是6.55%。

The average rate on a thirty year fix is now 6.55%.

这比上周的6.49%有所上升。

That's up from 6.49% just last week.

尽管数据如此，建筑商股票今天反而受到追捧。

Despite this data, homebuilder stocks actually catching a bid today.

Pulte、KB Home、Toll Brothers等公司股价都上涨了。

Pulte KB Home Toll Brothers among the names in the green.

mortgage利率真正反映国债收益率上升，通常需要一段时间。

I mean, it takes a while for the mortgage rate to actually reflect higher treasury yields.

所以也可能是收益率从之前的高点回落了。

So it could be that yields have come down since that peak.

你也知道，房贷利率短期内不会轻易下降。

You also know the mortgage rates are gonna stay sticky for a while.

史蒂夫在休息时刚提醒了我，我们可以调出一张图表看看。

Steve was just just pointed out to me in the break, and we can pull up a chart.

很多这类股票的走势，跟Pulte Homes、Toll Brothers这些公司几年前的双顶甚至三顶形态几乎一模一样。

I mean, are a lot of and these names look exactly like Pulte Homes, Tall Brothers, a lot of double and potentially triple tops from a couple years ago.

我不太确定市场现在到底在关注什么，虽然失业率看起来还行，但大家普遍担心工作不稳。

I'm not exactly sure what the market is focused on here because the labor market, although the unemployment rate is fine, people are worried about their jobs.

利率还在继续上升。

Rates are going higher.

消费者的钱包已经掏空了。

Consumer is spent up.

从各方面看，房地产开发商都该走弱，可偏偏它们中的不少正逼近历史高点。

There are a lot of reasons to be bearish to the home builders, yet here we are, a lot of them are approaching all time highs.

这实在说不通。

It doesn't really make a lot of sense.

我觉得这些人根本不是在卖房子。

And I don't think these guys are selling homes.

他们是在买客户。

They're buying buyers.

对吧？

Right?

这种说法我们早就听过了。

So that we've heard that story already.

他们在给房子打折。

They're discounting the homes.

他们真的在降低房贷利率。

They're actually lowering the mortgage rates.

对。

Mhmm.

除非房贷利率降到百分之五点五，否则这个板块不会突然爆发。

Until mortgage rates drop to five and a half percent, you're not gonna see this this sector explode.

他们正在压缩自己的利润空间。

They're crimping their own margins.

在这种环境下，能赚钱的公司寥寥无几。

There's very few of them that could make money in this type of environment.

有个人说，看看Pulte、德鲁·霍顿或者托尔兄弟，其他的都不值一提。

Guy said, Pulte, if you look at Doctor Horton or Toll Brothers, the rest are garbage.

另外，我的意思是

The other I mean

我是说，这话已经说得挺客气了。

that in a nice way.

我可不想因为这个收到一堆邮件。

I don't I I don't wanna get email on that.

没错。

Right.

但说到这点，其实高端住宅的平均售价反而更高了。

But to that point, I mean, upper the median home sales price is actually higher.

所以，这种K型复苏——或者说K型消费行为——在房地产市场也一样，高收入人群正在买房。

So it just I mean, the k shaped recovery is happening or the k shaped consumer, whatever you want to call it, is also in the housing market in that the higher income people are buying homes.

他们可能全款购房，不依赖房贷，这部分市场还算稳定。

They might be buying for cash and not dependent on a mortgage, and that part of the market is is okay.

住房可负担性太糟糕了。

Are you Home affordability is rough.

这是25年来最差的情况。

It's the worst it's been in twenty five years.

median房价已经涨到了多年来的最高点。

The median price up rates at the highest they've been in in quite some time.

看看亚特兰大联储的数据，普通人每月收入的45%都要用来支付住房开支。

Look at the Atlanta Atlanta Fed, 45% of median income is what would need to be spent on the cost of homeownership on a monthly basis.

自2021年以来，月供金额上涨了85%。

Since 2021, monthly mortgage payments would be 85% higher.

这才五年时间。

That's five years.

这话说得，咱们根本负担不起。

That's you know, we can't afford that.

我宁愿不碰房产开发商。

I would prefer not to own a home builder.

我觉得像福陆这样的公司更值得一看，因为他们更多面向装修市场，那才是K型消费里更稳健的那一端。

I think something more like a Ferguson would be interesting because they've got more exposure to the remodel community, which is the better end of the k consumer.

而且他们还涉足水务基础设施领域。

And then also they have exposure to infrastructure on the water work side.

接下来，奈飞的电话会议刚结束。

Coming up, Netflix's conference call just wrapping up.

LightShed Partners的里奇·格林菲尔德马上加入我们，深入分析推动股价波动的最新动态，两分钟后回来。

LightShed Partners Rich Greenfield will join us next to dig into all the headlines moving the stock back in two.

欢迎回到《快钱》，股市收盘全线走低。

Welcome back to fast money stocks ending the session lower.

道指下跌一百点，标普下跌百分之零点五。

The Dow shedding a 100 points, S and P off a half a percent.

纳斯达克跌幅最大，下跌了百分之一点五。

The Nasdaq leading the declines down a percent and a half.

盘中有些大公司财报引发股价明显波动。

Some big earnings movers during the session.

JB Hunt公布第二季度利润上升，且几乎所有业务板块收入都有增长，股价应声上涨8%。

JB Hunt surging 8% reporting higher profit in the second quarter as revenues grew across nearly all business segments.

联合健康股价上涨1%，因保险公司上调了2026年的盈利预期，得益于好于预期的季度表现，不过此前其股价曾一度涨超10%。

United Health up a percent after the insurer raised a 2026 profit outlook on the back of better than expected quarter, although it had been up more than 10% at its highs.

尽管GE航空航天业绩强劲，但管理层警告通胀压力和供应链问题仍在持续，股价下跌4%。

And GE Aerospace dropping 4% despite strong results after management warned of ongoing inflationary pressures and supply chain constraints.

与此同时，SpaceX又迎来糟糕的一天，过去五个交易日累计下跌14%。

Meanwhile, another bad day for SpaceX now down 14% over the last five sessions.

这是它首次收盘价跌破135美元的发行价。

It closed under its initial offering price of $135 a share for the first time.

苹果股价上涨近2%，创下新高。

And Apple rising almost 2% to close at fresh records.

它正一步步逼近超越英伟达，成为全球市值最高的公司，只差大约一千亿美元。

It is inching closer to unseating NVIDIA as the world's largest company, just about a $100,000,000,000 in market cap shy of that title.

可口可乐股价下跌，交易时间延长，公司宣布数据泄露事件影响了其健康饮品业务部门，导致运营暂时中断。

And Coca Cola lower and extended trading, the company announcing a data breach impacting its fair life business segment resulting in a temporary pause in operations.

盘后交易中，股价下跌了一点点，超过百分之一。

The stock is down a little more than a percent after hours.

我们再来关注一下奈飞的股价。

And let's take another check on Netflix shares.

目前股价下跌了超过百分之八。

They're down by over 8% right now.

联席首席执行官表示，今年内容支出预计将增加百分之十。

The co CEO saying he expects content spend to increase 10% this year.

我们还会把直播内容扩展到更多地区性活动上。

We'll expand live programming to regional events as well.

里奇·格林菲尔德刚结束电话会议，现在加入了我们的讨论。

Rich Greenfield joins us now fresh off the conference call.

他是LightShed Partners的联合创始人。

He's cofounder of LightShed Partners.

所以，里奇，你怎么看？

So, Rich, what do you think?

我的意思是，上个季度之前，市场是不是已经悲观到头了？

I mean, were, like, peak bearish, going into the quarter.

那现在呢？

So now what?

梅丽莎，说到底，投资者现在觉得奈飞的增长已经见顶了。

Look, Melissa, this is fundamentally investors believing that Netflix has gone x growth.

他们就是觉得，用户活跃度根本没怎么涨。

Like, I think they are just projecting out and saying engagement isn't really growing much.

上半年同比才涨了2%，他们心里就想，天啊，才涨了2%？

You know, it's up 2% over the first half of the year, year over year, and I think they're going, god, it's up 2%.

这东西接下来怕是要跌得更厉害了。

This thing's gonna start to slow even more.

收入增长原本预计全年扣除汇率影响能到12%，但现在他们觉得很快就要跌到个位数了，简直就把这家公司当成一家传统媒体了——已经有两个人直接发消息跟我说，现在Netflix就是个传统媒体公司，祝你好运去搞流媒体吧，别再指望像以前那样靠捆绑销售了。

Revenue growth, which was, you know, gonna be 12% for the year ex currency, they're going, that's gonna be the single digits pretty soon, and so they're literally just looking at this company as like, this is based two people have already texted me saying, this is now a legacy media company, and like, good luck streaming instead of the old good luck bundle.

我的意思是，现在这种情绪，简直就是看空情绪的顶峰。

I mean, people are just This is what feels like peak bearishness.

大家就是不相信流媒体还有增长空间，但我觉得这完全错了，尤其是看看广告业务，增长有多快，现在才刚开始而已。

People just don't believe that there is growth left in streaming, which I think is fundamentally incorrect when you look at this, especially on the advertising side and how fast that ad business is growing, how early it is.

但说实话，梅丽莎，除了等时间来证明，我们根本没法反驳这种看法。

But honestly, Melissa, there's no way to disprove it other than just time.

现在的投资者对这家公司一点耐心都没有，都在疯狂抛售。

And investors right now have no patience for this company, and they're just puking it.

你觉得这么做对吗，里奇？

Do you think that's the right thing to do, Rich?

还是说你根本不同意？

Or do you say no?

你看，当看空情绪到顶点的时候，股价已经跌了三四成，还再跌9%，这时候反而该买进。

You know, with peak bearishness, the stock down additional 9% on top of being down 40% or 30% going into the court, you buy it.

你确实该买。

You do.

这正是抄底的时候。

I mean, this is when you find the bottom.

对吧？

Right?

你看，当所有人都恨得不行，觉得毫无希望的时候。

It's like when you see everyone who literally there is just hatred, and everyone is going there's no belief.

你想想看。

I mean, think about it.

他们的收入还在以百分之十二的速度增长。

They're growing revenues at 12%.

利润率也在显著提升。

Margins are expanding meaningfully.

他们大量回购股票，对公司前景充满信心。格雷格·彼得斯在电话会上也说了，我们公司还处在非常早期的增长阶段，可投资者根本不关心——这恰恰就是机会所在。

They're buying back a lot of stock, they have true conviction in how big the I mean, Greg Peters said it right on the call, we are still very early in our growth as a company, but investors are like, investors don't care, and so that's the opportunity.

公司正在回购股票，他们自己也相信，我觉得未来一年，这会变成一个得用业绩说话的股票。

The company's buying the stock, they believe, and I think this is now going to become a show me stock over the next year.

他们得证明自己真有增长，而且有一件事其实没人怎么提，那就是竞争变少了。

They have to prove that there is growth, and you know, one thing that isn't really being talked about, there is less competition.

Hulu基本上被迪士尼逐步淘汰了。

You know, Hulu's basically being sunset by Disney.

HBO呢，假设派拉蒙的交易最终能成行的话。

HBO, assuming the Paramount deal eventually goes through.

至于监管审批会多快完成，还得看情况。

We'll see how fast it goes through with the regulatory battles.

但最终，HBO会消失，被并入派拉蒙+，所以未来十八个月里，市场上流媒体服务的数量其实会少很多，竞争压力也小多了。

But eventually, HBO is going away and is going to be folded into Paramount plus And so the competitive dynamic is actually becoming a lot easier, I think, over the course of the next eighteen months in terms of how many different services are out there.

但话说回来，这些现在都不重要。

But again, none of that matters today.

眼下，大家纯粹是被用户参与度报告吓到了。

Right now, it's just fear on the engagement report.

公司自己都说了，不再每半年公布一次用户参与数据，改成了每年公布一次。

The company even said, Oh, we're not going to report their engagement numbers on a six month basis, we're going to every year.

只要你一取消披露某些数据，投资者就会觉得你在隐瞒什么，不管这些数据是不是真的影响收入或利润，大家就是心里没底。我觉得他们已经失去了投资者的信任，Netflix 要重新赢得信任，得花时间证明自己真能将利润增长推到百分之十几，甚至接近百分之二十。

Like anytime you pull numbers or pull information, investors think you're hiding something, it doesn't matter whether it's impacting revenues or earnings, people are just nervous, and I think they have lost investor confidence, and it's gonna take time for Netflix to demonstrate and prove to people that they can grow earnings high teens towards 20%.

在他们真正把这成绩摆出来之前，大家还是会提心吊胆。

Until they do that and put that on the board, people are gonna be nervous.

嗨，里奇。

Hey, Rich.

我同意你的看法。

So I agree with you.

我是史蒂夫。

It's Steve.

我同意你的看法。

I I agree with you.

我觉得，市场悲观到顶点的时候，反而是买入股票的好时机。

I think peak bearishness is is when you wanna buy the stock.

我给你两个理由。

I'll give you two reasons.

我觉得成本可能已经见顶，甚至开始下降了。

I think costs are probably rolling over, if not coming down.

还有广告套餐这块。

And then the ad tier.

没人给广告套餐应有的认可。

I don't think anyone gives it any credit for ad tier.

在你提到的这些平台里，它依然是最好的流媒体服务。

It's it's still the best streamer out of all the names that you had mentioned there.

它能带动整个行业。

It lifts all all boats.

所以我一看这张图，就觉得这是个该入手的机会。

So when I look at the chart, I think this is a chart I wanna buy.

我一点都不想卖。

I don't wanna sell.

你跟我详细说说这个广告套餐吧。

Just talk to me about the ad tier.

人们是不是都把它给忽略了？

Are people leaving that on on the side of the road?

你知道吗，这个广告业务去年增长了100%，从15亿直接翻到了30亿。

You know, this is an ad business that's growing 50 or sorry, growing a 100% year over year, basically doubling from 1 and a half to 3,000,000,000.

但30亿这个数字，其实还是很小。

But the 3,000,000,000 is still a tiny number.

你看一下广告套餐用户在Netflix上花的时间，这30亿的收入，就算他们以后不再提升用户参与度——这点他们从不提——收入也完全可能比现在高出好几倍。

Like when you look at the amount of time spent on Netflix by the ad tier members, that 3,000,000,000, I think even if they never grew engagement, you know, something they don't talk about, if they never grew engagement again, that 3,000,000,000 could be multiple times higher than where it is today.

我觉得他们在很多方面都在努力提升用户参与度，比如推出更短的节目形式，发展视频播客等等。其实最被忽视的一点是，他们提到新增的内容，像杰·谢蒂秀或者杰克·谢恩这类节目，用户根本不是晚上看，而是白天看，这说明是额外增加的观看时间。想想看，如果这种趋势持续一整年，用户参与度很可能会进一步提升，这对广告业务长期来说至关重要，毕竟观看人数直接决定广告机会。所以广告这块确实被严重低估了。

I do think that they're doing a lot of things to accelerate engagement in terms of going into shorter form programming, building out video podcasting, like there's a lot of things that they're doing, and that, you know, I think the most interesting line of the release that nobody really paid attention to was that they said all of the new forms of content they're adding, whether it's, you know, the Jay Shetty Show or Jake Shane, like those types of things, they're actually finding people are watching, not in the evening, they're actually watching during the day, and so they think it's incremental viewing, and so when you think about how that sort of compounds over the course of the next twelve months, I think there's actually reasons to believe engagement gets better, and that's obviously important longer term for the advertising business because obviously eyeballs equal advertising opportunities, and so there's no doubt that the advertising is being overlooked.

现在根本没人关心这个。

Nobody cares about it right now.

大家只说，哎，用户参与度不行。

It's just, hey, engagement is bad.

我们打算卖出这只股票。

We're gonna sell this stock.

里奇，今天就到这里吧。

Rich, we gotta leave it there.

谢谢。

Thanks.

感谢你的见解。

Thanks for your take.

我们真的很感激。

We do appreciate it.

谢谢，梅丽莎。

Thanks, Melissa.

这是个巨大的机会。

Big opportunity.

你同意里奇的观点吗？

Do you agree with Rich?

这真是个大机会。

Big opportunity here.

我同意，因为他们在这方面依然是顶尖的。

I do, because they're still the best in breed here.

别管什么整个可调整市场了。

Again, forget about the total adjustable market.

虽然现在大家都在谈，但他们目前的用户规模还不到他们预期的五成。

Although they're talking about it now, they've only reached 50% or less than 50% of what they believe their audience could be.

喜欢它的理由很多，但像史蒂夫提到的，还有我们之前讨论过的，不看好它的原因在于：相比自由现金流和其他指标，他们的增长乏力，花的钱比市场愿意支持的还多，所以股价才落到这个水平。

There are lot of reasons to like it, but the reasons not to like it, as Steve pointed out, and as we talked about earlier, is the fact that vis a vis free cash flow and other things, the growth is not there, they're spending more money than the market wants them to, and that's why we're at these levels.

但你现在买，价格已经很合适了。

But you get it at a valuation.

这估值并不离谱。

It's not ridiculous.

再说一遍，他们在自己的领域里是绝对的领头羊，完全占据主导地位。

Again, the best in breed in terms of what they do, and they dominate the space.

所以我也说不好该咋跟你说。

So I don't know what to tell you.

不过我明白你的意思。

I get it though.

市场情绪跌到最低点的时候，感觉真的很糟。

Peak bearishness is feels really bad.

是的。

Yeah.

埃利，你怎么看？

Eli, what do you think?

我基本同意刚才大家说的。

I agree with most of what's been said.

现在市场情绪低迷，这只股票人人都讨厌。

Peak bearishness, sentiment is it's it's a hated stock at the moment.

但你得喜欢这种局面。

You have to like that.

我确实有点怀疑自己的投资逻辑是什么。

I do question what my thesis would be.

就像我之前提到的，我觉得这里的逻辑已经变了，从当初网飞的市场渗透率和S型曲线，变成了现在的广告业务，或者可能是直播体育。

Like I I mentioned earlier, I do think that the thesis has changed here from penetration and where Netflix is on the s curve to to now it's the advertising business or or perhaps live sports.

我不确定这些新方向值同样的估值倍数，所以我对这个趋势有点怀疑。

I'm not sure those deserve quite the same multiple, and so I'm a little skeptical on that dynamic.

凯伦，你怎么看？

Karen?

说到估值倍数，明天这倍数肯定会下降。

So just to the multiple, though, the multiple would go down tomorrow.

对吧？

Right?

是的。

Yeah.

因为股价跌了，大概有8%吧。

Because the stock is down, I don't know, what, 8%.

所以它的市盈率会在百分之十几，而且资产负债表非常健康。我一直觉得这里的价格偏低，之前就一直看好，现在反而更想加仓。

So it'll be a high teens multiple with a great balance sheet, and, you know, I I voted for a long time from higher than here, but I'll be looking to buy more.

明白了。

Alright.

接下来，我们来看看推动人工智能基础设施建设的‘卖铲人’，那些交易员们认为值得关注的冷门标的。

Coming up, powering the AI build out, a look at the picks and shovels of the AI trade and the under the radar names our traders say are worth a closer look.

敬请关注。

Stay tuned.

欢迎回来，《快钱》节目，今天聚焦与数据中心建设相关的能源股，股价普遍下跌。

Welcome back to Fast Money Energy names tied to the data center build out dropping today.

Bloom Energy、Vistra Constellation、GE Vernova 都受到了冲击。

Bloom Energy, Vistra Constellation, GE Vernova all taking a hit.

我们今天的嘉宾交易员，有个办法可以抓住这波需求上升的机会。

Our guest trader here has a way to play the rising demand.

所以，Eli，你觉得哪些标的值得看？

So, Eli, which names do you like here?

首先，从投资逻辑来看，我们坚定认为，电力基础设施这一层已经严重受限。

Well, first of all, just on the thesis, I I think we have a very strong view that the infrastructure layer, the power infrastructure layer is constrained.

这成了一个瓶颈。

It's a bottleneck.

这个国家的电力需求正在加速上升，原因有很多，这一点非常重要。

We're seeing acceleration of electricity demand in this country for multiple reasons, is important.

不只是数据中心在推动需求。

It's not just data centers.

还有制造业的回流。

It's reassuring manufacturing.

经济电气化、交通电气化，这些都在催生比市场预期更强的电力需求。

It's the electrification of our economy, electrification transportation that's driving more robust demand than sometimes these stocks get credit for.

我们在多个方面都看到了这种趋势的证据。

We see evidence of this in a number of ways.

PJM——美国最大的电力区域——刚刚又经历了一次电价拍卖，价格直接触及了上限。

The PJM, which is the largest utility region, just had yet another power price auction that hit the cap.

纽约州对数据中心实施了一年的暂停审批。

New York state put a one year moratorium on data centers.

我觉得这个决定不太妥当。

I think that's the wrong move.

这反而会阻碍企业和投资进入该州。

I think it doesn't encourage competition and business to come to the state.

更合适的办法是所谓的‘自备电源’，让数据中心自己建发电设施，不依赖电网。

I think the right solution there is to what we call bring your own power, and data centers building their own power behind the meter not connected to the grid.

像我们持有的鲍威尔工业和布卢姆能源，这两家公司就非常契合这个思路。

A company like Powell Industries, which we own, Bloom Energy, they both fit into that mold or that thesis quite nicely.

我们简单聊聊布卢姆能源吧，它不到一个月前刚创了历史新高，大概3.5美元左右。

Let's talk about Bloom Energy real quick because it made an all time high, I think, less than a month ago, $3.50 ish.

现在股价已经涨到200美元出头了。

It's straightened just north of $200 now.

大概一周半前，有人发布了一份看空报告，说——

There was a short report, I think a week and a half or so ago, Or

就是这周。

this week.

是这周吗？

Was it this week?

我时间感都乱了，不过无所谓。

I lose track of time, but whatever.

我的意思是，现在大家都开始反对了。

Mean, the point is, now people are shooting against it.

他们预计下周或者下下周公布财报。

They report, I think, next week or early in the following week.

你对他们的业绩有什么预期？

Thoughts on what to expect in their earnings?

那份报告主要讲的是他们能否拿到固体氧化物燃料电池所需的一种关键材料，我们已经做过调研了。

So, that report was focused around their ability to source a certain critical material that goes into solid oxide fuel cells, and we done our work on that.

我们跟他们沟通过了。

We spoke

向这家公司。

to the company.

我们不认为这

We don't think that's

是个问题。

an issue at all.

Bloom公司在这些燃料电池上找到了绝佳的定位，而甲骨文公司正在完全依赖Bloom建设整个吉瓦级数据中心，这再清楚不过了。

Bloom has really found a a sweet spot with these fuel cells, and there's no better proof point than Oracle, which is building an entire gigawatt scale data center entirely on Bloom.

以前你根本不会这么做。

You would never have done that before.

以前只是备用方案。

It was redundancy.

以前只是应急措施。

It was backup.

现在他们直接把这当主力电源用了。

Now they're they're treating that as as prime power.

这家公司带来的价值主张真的非常有意思。

So so really, really interesting value proposition that company is bringing to the market.

那份看空报告特别提到一种关键材料——钪，说全球的钪储量有限，而Bloom需要的量远超全球可供应量，根本没法完成订单。

One of the arguments in the short report specifically about that critical material, scandium, is that Bloom that there's only so much scandium in the world and that Bloom would need more than what is available in the world in order to actually complete its backlog.

没错。

Right.

报告里说的正是这个意思。

And and we that's exactly what the report says.

我们几个月前就开始调查这件事，结果得出了完全不同的结论。

We started looking into this several months back, and we found a different conclusion.

钪的储量其实很充足。

So there's plenty of scandium.

我们发现的情况就是这样。

That's that's what we found.

关键是要知道去哪儿找。

You just gotta know where to look.

你

You

得找个人，你知道的。

gotta get a guy, you know?

对。

Right.

我这边还有一些相关的投资方向，比如奎恩塔服务公司，他们自己有个培训电工的大学，这挺好的；还有联合租赁，他们承接了大量大型项目。

I mean, I have some tangential plays that might fall into, you know, Quanta Services, which, actually has a university that creates their own electricians, which is a good thing to have, and United Rentals as, you know, these giant projects through there.

完全同意。

Absolutely agree.

奎恩塔其实踩在另一个瓶颈上。

I mean, Quanta plays on yet another bottleneck.

现在的瓶颈就像打地鼠一样，这边刚打下去，那边又冒出来。

These bottlenecks are like whack a mole right now.

对。

Right.

这些需求在工业经济中不断冒出来，但技术工人却很难找。

They're just popping up in the industrial economy, but skilled labor is hard to come by.

所以像Quanta或者Comfort Systems这样的公司，手里的技术工人特别稀缺，这就让他们更有定价权，竞争也更少。

And so Quanta or Comfort Systems, they have these skilled technicians and they're hard to come by, so better pricing power, less competition.

我给我妻子买订婚戒指时，用的是钪。

I bought my wife's engagement ring with scandium.

那价格真是低得离谱。

It was way way

现在价格已经涨上去了。

ahead of the pricing right now.

没错。

Yes.

我眼下看到的问题，其实就是埃利刚才提到的。

The the the problem that I'm seeing is is is what Eli just mentioned.

如果纽约率先这么做，会怎么样？

What happens if New York is the first state to start doing this?

这个暂停令不仅仅关乎你自己供电的问题。

And the moratorium isn't just about bringing your own power.

而是说，你在这里根本不能建任何东西。

It's about you're not building anything here.

这实际上可能对超大规模云服务商有利，因为他们没法花掉本来想花的钱。

So that actually could be a tailwind to hyperscalers because they can't spend the money that they wanna spend.

所以是受到更多限制了？

So it's more constrained?

限制更多了。

More constrained.

他们有钱，却没地方可投，钱都闲着。

They don't have the they can't they have dollars chasing nothing at that point.

这算是相关领域下一个衍生的投资方向，不过我也同意，Bloom Energy和Powell Industries的图表看起来一模一样，这两个可能是这个领域里最好的投资标的。

I mean, this is this is sort of the next derivative play on it, but I agree the Bloom Energy chart and the Powell Industries chart, they look identical, and those are the two best plays probably in that area.

Comfort Systems引起我的注意，是因为以前我和Karen坐Uber回家时，聊过哪些行业不会被人工智能取代。

Comfort Systems caught my eye because once upon a time, Karen and I were riding home together in our Uber, and we were talking about stocks and and areas that cannot be disrupted by AI.

大家笑是因为

Guys laughing because

我没笑。

I'm not.

我们确实经常聊这个。

This actually what we talk about.

我知道。

I know this.

还有就是我们抱怨老公。

That and we complain about our husbands.

至少我是这样。

Or I do.

我觉得他就在。

I think he's in the.

我其实

I actually

是啊。

do.

你们都在抱怨凯伦的丈夫。

You complain about Karen's husband.

对。

Yes.

大家都抱怨那个我们的……

Everybody complains about That our

那是一种劳动。

that's the labor.

建造数据中心需要专业技术，对吧？

That's a skilled labor, right, to build the data centers.

百分之百。

100 that

这不可能，说起来挺有意思，他们建了数据中心，但自己却不会被取代。

can't be I mean, it's interesting because they build the data centers, but they won't be disrupted.

是的。

Yeah.

技能型劳动力之外，还有像Halo这样的地方，你根本不需要质疑它们的长期价值。

Skilled labor, then there's Halo, these places where you don't have to question terminal value.

市场虽然过去一个月左右不太稳定，但投资者还是倾向于这些领域——当然，我说的‘安心’不是指温控系统，而是指那种安心感。

The market's obviously not the past month or so withstanding, found comfort in those, and no pun intended on comfort systems, but found comfort

在这些企业身上。

in those businesses.

在进入广告前，我想说，凯伦和梅丽莎的丈夫都特别棒。

Before we leave for commercial, let me just say that both Karen and Melissa have amazing husbands

哦，你太...

Oh, you're very

分别是本和劳伦斯。

in Ben and Lawrence.

尽管他们可能会抱怨，但都是带着爱意在说。

And although they may complain, they do it lovingly.

相反，我站在Lawrence这边。

The reverse, I'm with Lawrence.

她站在Ben那边。

She's with Ben.

不是的。

No.

我...

I

接下来，我们来了解一下散户投资者的现状，看看他们是如何应对市场波动的，以及市场情绪在下半年的走向。

Coming up, a pulse check on the retail trader, how they are navigating market volatility and where sentiment stands for the second half.

《Investopedia》主编Caleb Silver将加入我们，分享他的调查结果。

Investopedia editor in chief Caleb Silver will join us next with his findings.

两分钟后，继续关注快钱。

More fast money in two.

欢迎回到《快钱》节目。

Welcome back to Fast Money.

Investopedia 最新发布的投资者情绪报告出来了。

Investopedia's latest read on investor sentiment is in.

尽管伊朗战争出现明显升级迹象，通胀担忧也持续存在，交易员们仍保持谨慎乐观。

And despite apparent reescalation of the war in Iran and inflation concerns, traders remain cautiously optimistic.

今天在现场的是凯莱布·西尔弗，他是《People Inc》的首席商业编辑，同时也是 Investopedia 的主编。

Joining us here on set is Caleb Silver, chief business editor of People Inc, and the editor in chief of Investopedia.

凯莱布，欢迎你来到节目。

Caleb, great to have you with us.

44% 的人持谨慎乐观态度，但紧随其后的是持怀疑态度的人。

44% cautiously optimistic, but right underneath that is skeptical.

对，没错。

Yeah.

这也不奇怪。

And for good reason.

我们真的已经筋疲力尽了。

We're exhausted.

这六个月里，发生的新闻简直抵得上六年，普通投资者经历了很多，根本不知道该往哪个方向走，只好跟着趋势走，而趋势一直是向上的。

In six months, we've had, like, six years worth of news, and individual investors have been through a lot not knowing which kind of way to go, so they've just kind of gone with the trend and the trend has been up.

从个人投资者的交易行为来看，其实没什么太大变动。

Not a lot of movement when you look at what individual investors are doing with their trading activity.

我刚看了Banditrack的一项研究。

I was looking at Banditrack's study there.

个别股票确实有波动，但总体交易量大幅下降，很多人都觉得：应该没什么大问题。

A lot of movement in some individual names, but by and large volume way down, so a lot of people are just saying, I think it's gonna be okay.

我就再等等看。

I'm gonna hang in there.

市场正处于泡沫中。

Market is in a bubble.

这个比例比过去更高吗？

Is this is this percentage higher than in the past?

是的。

Yeah.

现在的情况和过去差不多，他们还是觉得人工智能泡沫已经形成了。

It's right around where it's been in the past, and they really haven't come off of the AI is in a bubble thing.

他们认为泡沫集中在这一块，但现在几乎所有东西都跟它挂钩了。

That's the part of the market they think is in a bubble, but everything is associated with that now.

所以从散户投资者的看法来看，大部分资产都算是在泡沫里。

So by definition, most things are in a bubble if you talk about how individual investors feel.

他们并没有停下自己的操作。

They're not stopping what they're doing.

也许他们更倾向于买ETF了，因为分散风险，而单押个股对散户来说风险太大。

Maybe leaning more into ETFs than they have in the past just for the diversification and chasing single stocks has been dangerous for individual investors.

如果你看他们买了什么，比如SpaceX之类的公司，结果并不理想。

They were chasing, if you look at what they've been buying, SpaceX and others, and it hasn't worked out well

对他们来说确实不太顺利。

for them.

你已经持续关注很久了。

You've been coming on a long time.

我们很喜欢。

We love it.

我最近看到一个新动向，石油和能源股。

Here's something I haven't seen, oil and energy stocks.

是的。

Yeah.

对。

Yeah.

你终于赶上潮流了。

Welcome to the party.

他们又开始回流到石油和能源股，国际股票也跟进了，只是有点晚，但对科技股该往哪儿走，他们完全没方向，而且自己最看好的股票都跌了百分之十五到二十五。

They're back into oil and energy stocks and some international stocks late to it as well, but without, any guidance on where to go in terms of tech stocks and seeing a lot of their favorite stocks sell off fifteen, twenty, 25%.

他们正在找别的地方投钱。

They're looking for other places to deploy money.

这还不是大规模的资金转移，也不是大多数读者或调查对象的普遍行为，但确实有人在说：我觉得是时候了，该平掉一些过去几年让我赚了不少的仓位了。

Now it's not a large movement of money, and it's not most of our readers and most of our survey respondents, but it's something saying, I think it's time to unwind some of these trades that have made me so much money over the last few

年了。

years.

凯莱布，当你看这些数据和百分比时，就像梅丽莎说的，就在下面，还有一群人认为会出现完全相反的变化。

Caleb, when you look at these stats and this data and the percentages, as Melissa said, right underneath that, there's another group that believes that a 180 degree difference is gonna happen.

关键在哪里呢？

What's the decoder ring?

你做了这么长时间，看到大家都一边倒地看多或看空时，你怎么判断——

When you've been doing this for so long, when you see everyone push to the bullishness or push to the bearishness, where do you say, okay.

这个百分比就是转折即将发生的临界点。

This is the percent where we're on the precipice of something changing.

对。

Yeah.

如果你把谨慎乐观和乐观的人加在一起呢？

What if you add up the cautiously optimistic with the optimistic?

乐观的人加起来有六成，这甚至比其他一些分析显示的还要高。

We're talking about 60% optimism, and that's even more than a a I I or or other reads on that.

所以我关注的是个股的买入情况。

So I look at individual stock buying.

现在这种交易活跃度有多高？

How much of that activity is happening right now?

这反映出风险。

That shows risk.

还有那个我们常问的上万美元的问题——它能告诉你市场情绪在哪，你能感觉到稍微有点退潮了，因为大家有点疲了，这些个股的波动也太剧烈了。

Also, the $10,000 question that we love, that shows you where the appetite is, and you can feel it pulling back a little bit just because there's some exhaustion going on, and there's been some wild swings in these individual names.

是的。

Yeah.

ETF才是头号主力。

ETFs is is number one.

没错。

Number one.

不过以前可是个股占主导。

It had been individual stocks though.

是的

Yeah.

之前在个股和ETF之间来回切换，但经过多次追高又被套之后，现在大家又开始转向分散投资，操作也更谨慎了，而且现在想参与市场，ETF的选择也多得多了。

It had back and forth between individual stocks and ETFs, and after enough chasing and getting burned by it, they're back trying to diversify and playing it a little easy, and a lot more choices now if you wanna access the market with ETFs.

看起来他们已经放弃押注七巨头了。

It looks like they're giving up on a mag seven at this point.

是在慢慢轮动。

I mean, slowly rotate.

你说的慢慢轮动，具体是指什么？

What Slowly rotate.

现在他们转向哪些方向了？

Where are they going to at this point?

对

Yeah.

他们之前追过SpaceX，最近也在追半导体板块。

Well, they've had done some chasing on things like SpaceX, and they did some chasing in semis right now.

但你看看他们买的是什么，微软、英特尔都有，他们是在跟着资金走。当然，SK海力士对个人投资者来说是个大手笔，不过最近两到三周，资金明显在转向能源和其他一些表现不错的领域。

But when you look at what they're buying, some Microsoft, some Intel, they're going where the money is going, and of course, SK High Nix was a big buy, for individual investors, but again, the rotation into energy and other places that have seen some upside, that's been significant in the last, I would say, two to three weeks.

债券收益率一直在上升。

Bond yields have been going higher.

你的观众和读者对市场动态非常敏感。

Your your viewers, your readers are very in tune with what's going on.

对此你有什么看法？

Any comments on that?

是的。

Yeah.

确实有不少股票投资者。

There there are equity investors.

他们喜欢股市，打算继续留在里面。

They like the stock market and wanna stick with it.

财富就是在这里创造出来的。

That's where the wealth has been created.

现在你可以从他们的回答看出哪些是年长的投资者群体。

Now you can tell who the older cohorts are cohorts are depending on what they answer.

他们可能会先选伯克希尔·哈撒韦或者摩根大通这样的股票，而不是一上来就把大笔资金投进债券市场。

So bonds, but I think they would take something like a Berkshire Hathaway or a JPMorgan before they started deploying a lot of money into the bond market.

在Investopedia上，你还能看到人们都在搜些什么。

At Investopedia, you can also track what people are searching.

像预测市场这类话题，有没有进入热门搜索榜？

So where does this prediction markets, does that fall into a top search?

当然有。

Absolutely.

越来越多的人开始琢磨预测市场是怎么运作的，以及它最终会对股市产生什么影响。

And more and more people are trying to figure out how to how those work and how they will ultimately affect the equity market.

但我觉得很多人最近都在学习一些新概念，比如绿鞋机制和禁售期到期，真是有意思。

But I think a lot of people have been getting educated in things like green shoe and lockup expiration Wow.

因为

Because

他们一直

they've been

在追逐个股。

chasing individual stocks.

看着人们主动了解这些事，真的挺有意思的。

So it's so fun to watch people educate themselves about what's happening.

也许他们已经买了股票，然后突然想：等等，这是怎么回事？

Maybe they already bought the stock and are now like, wait a minute.

锁定期是什么？

What's a lockup?

绿鞋机制又是什么？

What's a green shoe?

这些股票都去哪儿了？

Where did all that stock go?

所以他们越来越懂了，不过有时候得亏点钱，才会重新思考策略。

So they're getting smarter about it, but sometimes it takes a little losses to make them go back to the drawing board,

顺便说一下，这个词云图。

so And to just quickly, the word cloud.

英伟达排第一。

NVIDIA is the biggest.

依然是最大的持仓。

Still the biggest holding.

依然是市场上最大的股票。

Still the biggest stock in the market.

我觉得大家可能会稍微减持一点，但它确实赚了不少钱。

I think people may let go of a little bit of that, but it's made them a lot of money.

所以对个人投资者来说，完全放弃这个让他们赚到钱的东西，确实很难。

So it's hard for individual investors to completely depart from what got them here.

凯勒布，很高兴见到你。

Caleb, always good to see you.

谢谢。

Thank you.

谢谢。

Thank you.

凯勒布·西尔弗，Investopedia。

Caleb Silver, Investopedia.

接下来是《最终交易》。

Up next, Final Trades.

最终交易时间到了。

Final trade time.

埃利。

Eli.

哦，叫我呢。

Oh, that's me.

那是你。

That's you.

联合太平洋公司正从长达四年的货运低迷中复苏。

Emerging from a four year freight recession, Union Pacific.

很高兴有你，Eli。

Great to have you, Eli.

Steve。

Steve.

我一个不太起眼但做得很好的投资是SL Green，专注于纽约的核心物业，稳扎稳打。

So one of my best investments that's under radar, slow and steady, SL Green, prime properties centered in New York.

一直很平稳，我特别喜欢关注它。

It's been slow and steady, and I love looking.

Erin？

Erin?

在。

Yes.

昨晚我说要跟带我来的女孩回家，其实我是要带着那个看涨价差期权回家。

So last night, I said I'm going home with girl that brought me, but I was going home with option trade with a call spread.

我还要再跟她回家。

I'm going home with her again.

不过，Netflix 上的剧可能得三天后才看。

Maybe three day rule on Netflix, though.

我也这么觉得。

I think so.

这个人。

Guy.

顺便说一下，SL Green 的首席财务官马修·迪洛贝托是《快钱》的铁粉。

In unrelated news, Matthew DiLoberto, the CFO of SL Green is a huge Fast Money fan.

哦。

Oh.

吉利德股价下跌已经够多了。

Gilead sold off is enough.

好了。

Alright.

感谢收看吉姆·克莱默的《疯狂金钱》，马上开始。

Thanks for watching Fast Mad Money with Jim Kramer starts right now.

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请勿将本播客中表达的任何观点视为具体的投资建议或操作指引，而应仅将其视为一种观点表达。

You should not treat any opinion expressed on this podcast as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of an opinion.

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获取所有数据，以及各州的详细分析。

Get all the data and complete state by state analysis.

看看你的州表现如何。

See how your state measures up.

美国最适合经商的顶尖州份。

America's top states for business.

立即前往 topstates.cnbc.com 查看完整榜单。

See the full list now at topstates.cnbc.com.