美银“三重动能”模型指明方向：黄金、国防、核能、稀土等板块表现领跑全球投资者仍显著低配量子及AI类股

智通财经2025-11-29

智通财经APP获悉，美国银行的“三重动能(triple momentum)”分析显示，黄金(GLD)、国防(ITA、XAR)、核能(NLR、NUKZ)及稀土等细分板块的表现超越所有全球主要行业板块。这项综合了盈利、价格和新闻动能的指标分析显示，主动型多头基金在这些板块中保持着接近基准权重的持仓头寸。该评估体系结合了上述动能特征、个股排名、投资者持仓布局及估值趋势，以全面呈现当前市场情绪。美银指出，...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2587755923?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-11-29 08:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2587755923","market":"sh","top_or_hot":-1,"title":"美银“三重动能”模型指明方向：黄金、国防、核能、稀土等板块表现领跑全球 投资者仍显著低配量子及AI类股","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，美国银行的“三重动能(triple momentum)”分析显示，黄金(GLD)、国防(ITA、XAR)、核能(NLR、NUKZ)及稀土等细分板块的表现超越所有全球主要行业板块。这项综合了盈利、价格和新闻动能的指标分析显示，主动型多头基金在这些板块中保持着接近基准权重的持仓头寸。该评估体系结合了上述动能特征、个股排名、投资者持仓布局及估值趋势，以全面呈现当前市场情绪。美银指出，...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1375603.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美银“三重动能”模型指明方向：黄金、国防、核能、稀土等板块表现领跑全球 投资者仍显著低配量子及AI类股</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美银“三重动能”模型指明方向：黄金、国防、核能、稀土等板块表现领跑全球 投资者仍显著低配量子及AI类股\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-29 08:44 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1375603.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，美国银行的“三重动能(triple momentum)”分析显示，黄金(GLD)、国防(ITA、XAR)、核能(NLR、NUKZ)及稀土等细分板块的表现超越所有全球主要行业板块。这项综合了盈利、价格和新闻动能的指标分析显示，主动型多头基金在这些板块中保持着接近基准权重的持仓头寸。该评估体系结合了上述动能特征、个股排名、投资者持仓布局及估值趋势，以全面呈现当前市场情绪。美银指出，...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1375603.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IAU","symbol_name":"黄金信托ETF-iShares","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1375603.html","article_id":"2587755923","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2587755923","pubTimestamp":1764377061,"columns":[{"name":"黄金","id":5,"label_key":null}],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，美国银行的“三重动能”分析显示，黄金、国防、核能及稀土等细分板块的表现超越所有全球主要行业板块。该评估体系结合了上述动能特征、个股排名、投资者持仓布局及估值趋势，以全面呈现当前市场情绪。各主题下的领跑个股美银量化策略师甄选了各个投资主题内表现领先的个股。美银策略师进一步观察到，“量子计算板块的市净率最高，而核能板块的市净率最低”，表明这些投资主题呈现出不同的风险回报特征。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159715":"稀土","159831":"黄金","159934":"黄金ETF","518880":"黄金ETF华安","IAU":"黄金信托ETF-iShares","URA":"Global X Uranium ETF","GLD":"黄金ETF-SPDR","BK4606":"AI电力股","BK4588":"碎股","GDX":"黄金矿业ETF-VanEck","NUGT":"二倍做多黄金矿业指数ETF-Direxion","DUST":"二倍做空黄金矿业指数ETF-Direxion","BK4585":"ETF&股票定投概念"},"translate_title":"Bank of America's \"triple kinetic energy\" model points out the direction: gold, national defense, nuclear energy, rare earths and other sectors lead the performance, and global investors are still significantly underweight quantum and AI stocks","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159715":1.5,"159831":1.5,"159934":0.6,"518880":0.6,"IAU":0.6,"GLD":0.6,"NUGT":0.6,"URA":1.5,"MGCmain":1.5,"SGUmain":0.6,"DUST":0.6,"SGCmain":0.6,"QOmain":1.5,"1OZmain":1.5,"GDX":0.6,"GCmain":1.5},"content_text":"智通财经APP获悉，美国银行的“三重动能(triple momentum)”分析显示，黄金(GLD)、国防(ITA、XAR)、核能(NLR、NUKZ)及稀土等细分板块的表现超越所有全球主要行业板块。这项综合了盈利、价格和新闻动能的指标分析显示，主动型多头基金在这些板块中保持着接近基准权重的持仓头寸。该评估体系结合了上述动能特征、个股排名、投资者持仓布局及估值趋势，以全面呈现当前市场情绪。美银指出，这一方法旨在判断每个行业“已经计入了多少预期”，从而为投资者提供指导，帮助他们在这些表现强劲的主题投资中寻找可能仍然存在的机会。各主题下的领跑个股美银量化策略师甄选了各个投资主题内表现领先的个股。在美国市场中，Celestica(CLS.US)、希捷科技(STX.US)、西部数据(WDC.US)、Lumentum Holdings(LITE.US)和艾马克技术(AMKR.US)是人工智能(AI)主题下“三重动能”排名最高的股票。在国防主题中，排名最高的股票是IonQ(IONQ.US)、V2X(VVX.US)、General Dynamics(GD.US)、BWX Technologies(BWXT.US)和 Leidos(LDOS.US)。在黄金主题中，排名最高的股票是New Gold(NGD.US)、Equinox Gold(EQX.US)、IAMGOLD Corp.(IAG.US)、Barrick Mining(B.US)以及 Dundee Precious(DPMLF.US)。在核能主题中，排名最高的股票是Talen Energy(TLN.US)和BWX Technologies(BWXT.US)。在量子计算主题中，排名最高的股票是Quantum Computing(QUBT.US)、IonQ和英伟达(NVDA.US)。最后，在稀土主题中，排名最高的股票是MP Materials(MP.US)。持仓分析与估值洞察投资头寸数据还揭示了一个显著现象——尽管量子和AI板块动能强劲，投资者在这两个板块仍然显著低配。美银策略师解释称，这种现象“主要是因为很难超配权重极大的成分股”，但同时指出基金在所有主题中都在积极买入，其中量子计算主题ETF(QTUM)在过去一年中的增持幅度最为显著。此外，美银全球首席量化策略师Nigel Tupper表示，各板块间的估值指标存在显著差异，这对未来潜在表现具有重要参考意义。分析指出，“稀土板块的预期市盈率最高，而黄金板块的预期市盈率最低”，这为相对估值水平提供了参考。美银策略师进一步观察到，“量子计算板块的市净率最高，而核能板块的市净率最低”，表明这些投资主题呈现出不同的风险回报特征。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2587755923","isCrawlerRequest":true}

美银“三重动能”模型指明方向：黄金、国防、核能、稀土等板块表现领跑全球 投资者仍显著低配量子及AI类股

精彩评论

美银“三重动能”模型指明方向：黄金、国防、核能、稀土等板块表现领跑全球投资者仍显著低配量子及AI类股