国内建造最大汽车运输船出坞 央视新闻据中船集团广船国际消息，近日，广船为韩国公司建造的10800车LNG双燃料汽车运输船1号 船已出坞，这是目前国内建造的最大汽车运输船。 该船采用LNG+燃油的双燃料动力系统，满足国际海事组织Tier Ⅲ排放标准。该船船长230米、型宽40 米、结构吃水10.5米，兼顾环保与高效。其14层汽车甲板设计（含5层活动甲板）可灵活装载电动汽 车、氢能源汽车及重型卡车等多元货物，单船最大载车量可达10800辆。 乘联分会崔东树：全国乘用车行业2025年12月末库存365万辆，库存66天同比增20天 1月23日，乘联分会秘书长崔东树发文表示，2025年12月月末全国乘用车行业库存365万辆，较上月下降 14万辆，较2024年12月增60万辆，形成年末库存下降特征。乘联会预测团队2月以来对市场预测很乐 观，逐步悲观，12月月前预测是乐观度24%，12月初的12月月后满意度为29%。团队对1月市场的乐观 度达到14%，这是厂家比较差的预测，期待部分地方的补贴进一步加力。根据2025年12月底的库存与未 来销量综合预估的现有库存支撑未来销售天数在66天，相对于2023年12月的70天、202 ...

分组1 - The stock market is experiencing mixed results, with the Dow down 285 points, S&P slightly up by 0.03%, and NASDAQ up by 28 points, indicating a focus on fundamentals moving forward [2] - Newor, a leading steel company, pre-announced earnings that fell short of expectations, yet the stock rose by approximately 12% following a Fed rate cut and tariffs on foreign steel, suggesting a buying opportunity if the stock dips [3][4] - Boeing is expected to report earnings after a significant stock increase, with a positive outlook for a multi-year turnaround, indicating potential for continued investment [4] 分组2 - General Motors is set to report earnings, with a historical pattern of underperformance in the initial trading hours, presenting a potential buying opportunity [5] - CSX and Union Pacific are highlighted as key players in the transportation sector, with expectations for positive performance [6] - Seagate, a storage and memory chip manufacturer, has seen a 25% increase in stock value this year due to rising demand from data centers, with expectations for a strong earnings report [8] 分组3 - Starbucks is reporting earnings and will follow up with an investor day, raising questions about the sustainability of its recent stock performance, which is considered overbought [10][11] - Generova, spun out from GE, has seen its stock price rise significantly, but high expectations may lead to a better entry point for investors [12] - Corning is noted for its strong prospects in data centers, with a recommendation to wait for a price drop to buy [13] 分组4 - Microsoft and Meta have faced stock price pressures, with Microsoft affected by concerns over generative AI, while Meta's stock has fluctuated following comments from its CEO about spending [14][15] - Tesla is positioned as a company focused on autonomous driving, with expectations that its upcoming earnings report could significantly boost its stock price [16] - Service Now is anticipated to be a critical report of the week, with the CEO needing to clarify the company's position amidst a stock decline [18][19] 分组5 - Honeywell's upcoming earnings report is complicated by its plans to split into multiple businesses, which may lead to stock volatility [21][22] - Caterpillar is expected to perform well due to its role in providing backup generators for data centers, contrasting with past performance trends [24] - Apple has faced stock declines due to rising storage costs, which may impact its gross margins, but the recommendation is to hold rather than trade [25][26] 分组6 - American Express typically reports strong earnings but often sees stock declines post-reporting, presenting a buying opportunity [27] - Chevron and Exxon are highlighted for their strong cash flow and buyback programs, with Chevron favored for its consistency and potential benefits from operations in Venezuela [28]

Group 1: SpaceX Developments - Elon Musk announced at the Davos World Economic Forum that SpaceX aims to achieve fully reusable rockets with its "Starship" technology this year, which could reduce the cost of space access by 99%, bringing it below $100 per pound [1][4] - SpaceX has demonstrated the ability to capture rocket boosters on the launch pad but has not yet attempted to reuse the Starship spacecraft [5] - Musk plans to launch solar-powered AI satellites in the coming years, predicting that solar panels in space will be five times more efficient than those on Earth due to the lack of atmospheric interference [5][6] Group 2: Commercial Aerospace Policy in China - The Jiuquan Municipal Government has released the "Jiuquan Commercial Aerospace Industry Development Plan (2026-2035)", which outlines the strategic positioning for building a national commercial aerospace launch base and other facilities [9] - The plan emphasizes the importance of park support, cluster development, and system innovation, aiming to create a comprehensive industrial layout that includes seven key sectors such as rocket manufacturing and satellite applications [9][10] - By 2030 and 2035, specific development goals for the aerospace industry in Jiuquan have been established, indicating a significant push towards enhancing the commercial aerospace sector in China [9][10] Group 3: Market Potential and Investment Opportunities - According to China Galaxy Securities, the commercial aerospace industry is entering a golden era of dual growth in demand and supply, with the potential for a market space of 1.3 trillion yuan by 2030 from downstream operations [10] - Investment focus is suggested on satellite launches and manufacturing, particularly in the context of the rapid development of private rocket companies and the transition from national to commercial aerospace [10]

商业航空赛道再迎来重磅利好催化。 据最新消息，特斯拉CEO埃隆·马斯克在达沃斯世界经济论坛上表示，SpaceX希望今年通过"星舰 （Starship）"技术实现火箭完全可重复使用，这一突破将使太空进入成本骤降99%，降至每磅100 美元以下。 与此同时，国内商业航空也迎来利好政策。据酒泉市人民政府网站消息，近日，《酒泉市商业航 天产业发展规划（2026—2035年）》发布，其中提出，酒泉市以建设国家商业航天发射基地、国 家航天科研试验基地、国家商业航天技术勤务保障基地和国家商业航天数据应用基地等为战略定 位，明确了园区支撑、集群发展，兼容配套、系统保障，高效协同、体系创新等基本原则。 马斯克最新发声 当地时间1月22日，马斯克罕见现身达沃斯论坛，与贝莱德CEO拉里·芬克展开对话，马斯克阐述 了他对太空探索、人工智能和机器人技术的愿景。 关于太空探索，马斯克表示，旗下SpaceX希望今年通过"星舰"技术实现火箭的完全可重复使用。 他进一步指出，若"星舰"能够实现完全可重复使用，将使进入太空的成本降至目前的1%，从而 降至每磅100美元以下。 SpaceX已展示可以在发射台捕获火箭助推器，但尚未尝试将星舰飞船回收 ...

1 隔夜市场 美股三大指数收盘涨跌不一，道指跌0.58%，纳指涨0.28%，标普500指数涨0.03%；贵金属板块领涨，泛美白银涨超4%；科技股涨跌不一，微软、奈飞涨 超3%，AMD、亚马逊涨超2%；英特尔跌超17%，创2024年8月以来最大单日跌幅。中概股涨跌不一，纳斯达克中国金龙指数收跌0.26%，小鹏汽车跌超 3%，蔚来、阿里巴巴跌超2%，霸王茶姬、微博跌超1%；有道涨超4%，新东方涨超2%，携程涨超1%。 国际油价大幅收涨，美油主力合约涨3.23%，报61.28美元/桶；布油主力合约涨3.17%，报65.35美元/桶。 国际贵金属价格再创新高，其中，黄金盘中一度涨破4990美元，白银站上100美元大关，最终，现货黄金收涨0.92%，报4981.31美元/盎司；COMEX黄金期 货涨1.42%，报4983.1美元/盎司。现货白银涨7.48%，报103.34美元/盎司；COMEX白银期货涨7.15%，报103.26美元/盎司。 欧洲主要股指收盘涨跌不一，德国DAX指数涨0.18%，报24900.71点；法国CAC40指数跌0.07%，报8143.05点；英国富时100指数跌0.07%，报10143.44点 ...

*英特尔财报不及预期，市场重新审视AI估值 *金银齐创新高，避险需求持续升温 美股周五走势分化，高盛与卡特彼勒显著承压拖累道指回落，标普500指数基本持平，纳指小幅收高。 此外，英特尔发布疲弱业绩展望后股价重挫亦拖累市场情绪，投资者在动荡一周结束之际风险偏好有所 降温。 *苹果、特斯拉、Meta和微软下周放榜 "我们对整体状况感觉不错，但也清楚，今年余下时间里可能还会出现一些不小的波折。"布莱克韦尔表 示。 截至周五收盘，道琼斯工业平均指数下跌285.30点，跌幅0.58%，报49098.71点，本周累计下跌0.53%； 标普500指数上涨2.26点，涨幅0.03%，报6915.61点，本周下跌0.35%；纳斯达克综合指数上涨65.23点， 涨幅0.28%，报23501.24点，本周微跌0.06%。 【热门股表现】 主要科技股涨跌不一。英伟达上涨1.53%，微软上涨3.28%，亚马逊上涨2.06%，Meta上涨1.72%，奈飞 上涨3.09%，AMD上涨2.35%，美光科技上涨0.52%；谷歌下跌0.79%，苹果下跌0.12%，特斯拉下跌 0.07%，博通下跌1.67%，甲骨文下跌0.57%。 道指成分股中， ...

避险情绪推动黄金、白银、铂金和钯金价格齐创历史新高。 *英特尔财报不及预期，市场重新审视AI估值 *金银齐创新高，避险需求持续升温 *苹果、特斯拉、Meta和微软下周放榜 美股周五走势分化，高盛与卡特彼勒显著承压拖累道指回落，标普500指数基本持平，纳指小幅收高。 此外，英特尔发布疲弱业绩展望后股价重挫亦拖累市场情绪，投资者在动荡一周结束之际风险偏好有所 降温。 【热门股表现】 主要科技股涨跌不一。英伟达上涨1.53%，微软上涨3.28%，亚马逊上涨2.06%，Meta上涨1.72%，奈飞 上涨3.09%，AMD上涨2.35%，美光科技上涨0.52%；谷歌下跌0.79%，苹果下跌0.12%，特斯拉下跌 0.07%，博通下跌1.67%，甲骨文下跌0.57%。 道指成分股中，高盛跌3.75%，卡特彼勒跌3.36%，共同加重对蓝筹指数下行压力。 英特尔股价暴泻17.03%，收于45.07美元，成为当日最主要的利空因素之一。公司给出的季度营收和利 润指引低于市场预期，并坦言难以满足人工智能数据中心对服务器芯片的需求。 中概股涨跌互现，纳斯达克中国金龙指数下跌0.26%。阿里巴巴下跌2.23%，京东下跌0.53%，蔚来 ...

Core Insights - The Q4 earnings reporting cycle is set to begin, with over 300 companies, including four members of the 'Magnificent 7' and 102 S&P 500 members, scheduled to report results [1] - The 'Magnificent 7' stocks have underperformed the broader market over the past twelve months, with Meta and Microsoft showing particular weakness [2] - Key issues for Microsoft, Meta, and Apple are related to their activities in the AI sector, with Microsoft and Meta being significant spenders while Apple has been less active [3] Company-Specific Summaries - **Microsoft**: Expected to report earnings of $3.88 per share on revenues of $80.2 billion, reflecting year-over-year growth rates of +20.1% and +15.2% respectively, with positive revisions in estimates [5] - **Meta**: Anticipated to report earnings of $8.15 per share on revenues of $58.4 billion, indicating year-over-year growth rates of +1.6% and +20.7% respectively, following a significant drop in stock price after the last quarterly release [6] - **Apple**: Expected to report earnings of $2.65 per share on revenues of $137.5 billion, representing year-over-year gains of +10.4% and +10.6% respectively, with a positive trend in revisions [4] Market Overview - The 'Magnificent 7' group is projected to see Q4 earnings increase by +16.9% year-over-year, with revenues expected to rise by +16.6% [6] - As of January 23, Q4 earnings for 64 S&P 500 members have increased by +17.5% on +7.8% higher revenues, with 82.8% beating EPS estimates and 68.8% beating revenue estimates [20] - The overall earnings outlook for the 'Magnificent 7' group has been improving, with analysts raising their estimates ahead of the Q4 earnings season [12]

商业航空赛道再迎来重磅利好催化。 据最新消息，特斯拉CEO埃隆·马斯克在达沃斯世界经济论坛上表示，SpaceX希望今年通过"星舰 （Starship）"技术实现火箭完全可重复使用，这一突破将使太空进入成本骤降99%，降至每磅100美元以下。 与此同时，国内商业航空也迎来利好政策。据酒泉市人民政府网站消息，近日，《酒泉市商业航天产业发展规 划（2026—2035年）》发布，其中提出，酒泉市以建设国家商业航天发射基地、国家航天科研试验基地、国家 商业航天技术勤务保障基地和国家商业航天数据应用基地等为战略定位，明确了园区支撑、集群发展，兼容配 套、系统保障，高效协同、体系创新等基本原则。 马斯克最新发声 当地时间1月22日，马斯克罕见现身达沃斯论坛，与贝莱德CEO拉里·芬克展开对话，马斯克阐述了他对太空探 索、人工智能和机器人技术的愿景。 关于太空探索，马斯克表示，旗下SpaceX希望今年通过"星舰"技术实现火箭的完全可重复使用。 他进一步指出，若"星舰"能够实现完全可重复使用，将使进入太空的成本降至目前的1%，从而降至每磅100美 元以下。 SpaceX已展示可以在发射台捕获火箭助推器，但尚未尝试将星舰飞船回收再 ...

每经编辑：陈鹏程,王晓波 1 美国CFTC公布周度持仓报告 2 美国美财长贝森特:达沃斯前后或宣布美联储 主席人选 3 苹果中国官网:1月24日至1月27日，iPhone 等系列产品降价1000元 1 隔夜市场 美股三大指数收盘涨跌不一，道指跌0.58%，纳指涨0.28%，标普500指数涨0.03%；贵金属板块领涨，泛美白银涨超4%；科技股涨跌不一，微软、奈飞涨 超3%，AMD、亚马逊涨超2%；英特尔跌超17%，创2024年8月以来最大单日跌幅。中概股涨跌不一，纳斯达克中国金龙指数收跌0.26%，小鹏汽车跌超 3%，蔚来、阿里巴巴跌超2%，霸王茶姬、微博跌超1%；有道涨超4%，新东方涨超2%，携程涨超1%。 国际油价大幅收涨，美油主力合约涨3.23%，报61.28美元/桶；布油主力合约涨3.17%，报65.35美元/桶。 国际贵金属价格再创新高，其中，黄金盘中一度涨破4990美元，白银站上100美元大关，最终，现货黄金收涨0.92%，报4981.31美元/盎司；COMEX黄金期 货涨1.42%，报4983.1美元/盎司。现货白银涨7.48%，报103.34美元/盎司；COMEX白银期货涨7.15%，报103. ...