大摩:美股回调打开配置空间,强劲盈利支撑周期股吸引力
45 minutes ago
,摩根士丹利策略师表示,自初夏以来美股估值大幅回落,在盈利增长依然强劲的背景下,部分市场板块的投资吸引力正在提升。Michael Wilson 带领的团队表示,此轮回调幅度已为与经济周期相关、基本面前景依然稳健的行业创造了「更好的投资环境」。其中,资本品板块尤为突出,其盈利预期上调情况位居各行业前列。Wilson 周一在一份报告中表示:「近期估值下修后,部分重资产板块开始显得更具吸引力。」自 8 月中旬以来,美股涨势有所放缓。不断攀升的债券收益率抵消了强劲财报季带来的提振,而企业未来几周开始公布第三季度业绩,市场预计盈利仍将保持强劲。彭博情报数据显示,分析师预计标普 500 指数成份股第三季度盈利同比增长 25%,此前第二季度已增长 34%。人工智能需求、云计算巨头创纪录的资本支出以及强劲的宏观经济环境推动了盈利增长。
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