美股市场速览 | 半导体基本面与股价共振上行

国信香港2025-12-31

报告发布日期：2025年12月28日报告名称：《国信证券-美股市场速览-半导体基本面与股价共振上行》证券分析师：王学恒持牌代表中央编号：BSH225证券投资咨询执业资格证书编码：S0980514030002证券分析师：张熙，CFA证券投资咨询执业资格证书编码：S0980522040001核心观点价格走势：半导体与银行带动市场回升本周，标普500涨1.4%，纳斯达克涨1.2%。风格：大盘成长（...

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成交量）为+42.1（亿美元，下同），上周为+67.4，近4周为+111.4，近13周为+143.6。19个行业资金流入，5个行业资金流出。资金流入的主要有：半导体产品与设备（+24.3）、媒体与娱乐（+4.2）、资本品（+2.5）、银行（2.4）、综合金融（+1.8）；资金流出的主要有：汽车与汽车零部件（-1.4）、食品与主要用品零售（-0.6）、食品饮料与烟草（-0.5）、消费者服务（-0.3）。盈利预测：多数行业业绩稳步上行本周，标普500成分股动态未来12个月EPS预期上调0.3%，上周上调0.8%。23个行业盈利预期上升，1个行业盈利预期下降。上修的主要有：半导体产品与设备（+0.6%）、资本品（+0.4%）、汽车与汽车零部件（+0.4%）、材料（+0.4%）、软件与服务（+0.3%）；下修的主要有：耐用消费品与服装（-0.1%）。","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":1,"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; 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