中信证券: 美股盈利的高增长或已不仅集中于头部科技公司,非科技板块的盈利贡献正在明显增强

智通财经
Oct 11
【中信证券: 美股盈利的高增长或已不仅集中于头部科技公司,非科技板块的盈利贡献正在明显增强】中信证券发布研报指出,随着国内长假期间美股的表现与利率的脱敏,下周开始投资者的焦点转向即将开启的美股三季报。LSEG一致预期显示标普500的26Q3营收和盈利同比增速分别达1.2%/45.0%,环比有所回落。行业层面,能源、信息技术、原材料和医疗保健盈利同比增速均超过50%,美股盈利的高增长或已不仅集中于头部科技公司,非科技板块的盈利贡献正在明显增强。对于港股,虽然海外加息周期叠加AI动能交易重启,流动性依旧承压,但基本面预期已触底,主要宽基指数的盈利增速预期开始上修。行业盈利预期调整分化显著,部分细分赛道有所上修,而内需相关行业盈利预期仍有下修压力,后续三季度业绩将是判断修复进展的重要依据。我们建议投资者对港股维持耐心,预计短期红利策略仍相对跑赢。

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