本报告导读：信用卡消费数据显示25 年12 月美国服装消费在去年高基数下仍有韧性。25 年12月美国航空出行人数同比下降0.1%，全年表现平稳。迅销公布FY26Q1 业绩，收入利润均超预期并上调全年指引。投资要点：投资建议：内需看好三条主线：①坚定实施扩大内需战略下，建议重点关注估值处历史低位的优质龙头和具备潜在盈利弹性的企业，推荐安踏体育、李宁、特步国际；②轻奢：客群结构变化叠加产品创意驱动形成...
Source Link本报告导读：信用卡消费数据显示25 年12 月美国服装消费在去年高基数下仍有韧性。25 年12月美国航空出行人数同比下降0.1%，全年表现平稳。迅销公布FY26Q1 业绩，收入利润均超预期并上调全年指引。投资要点：投资建议：内需看好三条主线：①坚定实施扩大内需战略下，建议重点关注估值处历史低位的优质龙头和具备潜在盈利弹性的企业，推荐安踏体育、李宁、特步国际；②轻奢：客群结构变化叠加产品创意驱动形成...
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