炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：策略李立峰与行业配置笔记 投资要点 市场回顾：2026年A股实现"开门红"，沪指16连阳刷新历史连续阳线记录，主要宽基指数普涨，市场风 险偏好持续回升，成长和小盘风格占优。资金层面，本周A股日成交额再度突破3万亿元，融资交易活 跃，融资余额突破2.6万亿元创历史新高；结构上，商业航天、卫星导航、脑机接口、核聚变等热点持 续涌现，涨价相关的有色金属也录得较佳收益。大宗商品价格多数上涨，本周贵金属、工业金属再度上 行，焦煤期货大涨7.2%。外汇方面，本周美元指数上行，离岸人民币对美元汇率在6.9附近震荡。 市场展望：把握做多窗口，牛市行情或将继续推进。伴随市场成交额突破3万亿元，A股震荡中枢再度 向上突破，A股春季做多窗口期有望延续：一是12月PMI和通胀数据好于预期，为春季行情提供基本面 支撑；二是场外资金入市意愿显著回升。年初至今融资资金、外资等增量资金加速流入，后续保险资 金、居民资金等多路场外增量资金入市值得期待；三是春节前后，科技产业事件催化预期有利于市场风 险偏好的维持。 以下几个方面是近期市场关注的重点： 一、市场量能放 ...

证券研究报告|投资策略周报 [Table_Date] 2026 年 01 月 11 日 [Table_Title] 把握做多窗口，牛市行情或将继续推进 [Table_Title2] 投资策略周报 [Table_Summary] ·市场回顾： 2026 年 A 股实现"开门红"，沪指 16 连阳刷新历史连续阳线记录，主要宽基指数普涨，市场风险偏好持续回 升，成长和小盘风格占优。资金层面，本周 A 股日成交额再度突破 3 万亿元，融资交易活跃，融资余额突破 2.6 万亿元创历史新高；结构上，商业航天、卫星导航、脑机接口、核聚变等热点持续涌现，涨价相关的有色 金属也录得较佳收益。大宗商品价格多数上涨，本周贵金属、工业金属再度上行，焦煤期货大涨 7.2%。外汇 方面，本周美元指数上行，离岸人民币对美元汇率在 6.9 附近震荡。 ·市场展望：把握做多窗口，牛市行情或将继续推进。伴随市场成交额突破 3 万亿元，A 股震荡中枢再度向 上突破，A 股春季做多窗口期有望延续：一是 12 月 PMI 和通胀数据好于预期，为春季行情提供基本面支撑； 二是场外资金入市意愿显著回升。年初至今融资资金、外资等增量资金加速流入，后续保险资 ...

｜2026年1月5日星期一｜ NO.1中信建投：继续看好跨年行情 中信建投（601066）研报指出，A股跨年行情如期展开，今年元旦市场面临的流动性环境和汇率环境明 显好于前两年。人民币汇率保持强劲，有利的外部环境或将推动A股元旦后迎来"开门红"行情。同时国 内流动性环境整体宽松，也有利于跨年行情的展开。人民币升值、科技板块利好集中释放、宏观经济预 期改善及资金面积极信号等多重利好共同推动港股开年大涨，这些利好也同样有望推动A股跨年行情的 继续演绎。 NO.3浙商证券（601878）：关注价格改善的信号 浙商证券研报指出，本期观察到，行业的景气提升主要体现在"涨价"，如有色金属中的黄金、白银、铜 等价格大幅上行，基础化工中的甲醇、沥青、天然橡胶和电力设备中的碳酸锂、氢氧化锂价格边际抬 升；TMT中，半导体销售周期上行，行业景气度不减，多家晶圆代工与存储厂商近期相继向市场释放 涨价信号。该机构认为，除了要关注主题性的投资机会如机器人、自动驾驶外，适当增加对"涨价"品种 的关注度，如基础化工、电力设备(锂电池)、电子半导体等。 NO.2中泰证券：科技主线仍有一定延续性 中泰证券（600918）研报指出，从资金面上看 ...

11月，A股市场在结构性机会中先扬后抑，最终未能有效突破3900点。但12个月的首个交易日，A股即继续维持反弹格局，并成功突破这一重要关口。 目前，据笔者观察，市场情绪整体稳定，资金仍在积极寻找新的方向，调仓换股、布局跨年行情成为当前市场的主旋律。那么，12月有哪些个股值得重点 关注？笔者从最新券商金股组合中梳理出三大主线，供大家参考。 当前仍在牛市中 今天，A股市场维持反弹格局，截至收盘，沪指报收3914.01点（见附图）。#a股持续高位震荡#十二月的第一天 更重要的是，在国家对于"慢牛"的政策指引之下，与往年牛市相比，当前指数仍然有相当大的上涨空间，这意味着市场大方向或仍处在牛市中。不过短期 来看，市场可能缺乏强力催化，叠加年末部分投资者在行为上可能趋于稳健，股市短期或以震荡蓄势为主。 聚焦三大主线 板块方面，智能音响、MCU芯片、卫星互联网、6G、工业金属等热门概念涨幅居前，尤其是代表端侧AI赛道的智能音响大涨超5%。对此，笔者在上周五 的文章中已做过重要提醒，大家感兴趣的可以点击：《101天！这类公司正走出"隐形牛市"》。 往后看，A股的持续反弹仍值得期待。 牛犇 从11月调整原因来看，主要有美联储降 ...

闪存全面大幅涨价，最高涨幅达38.46%据CFM闪存市场最新报价，11月19日，Flash Wafer（闪存晶圆）价格全面上涨，最高涨幅38.46%。具体来看，1Tb QLC涨25.00%至12.50美元，1Tb TLC涨23.81%至13.00美元，512Gb TLC涨38.46%至9.00美元，256Gb TLC涨14.58%至5.50美元。（上证报） ...

Core Viewpoints - The report reiterates the focus on "price increase" opportunities due to current market conditions, including geopolitical disturbances and upcoming quarterly reports, suggesting that sectors with price increase expectations are the most certain investment opportunities [1][2][3] Supply and Demand Dynamics - The current price increase trend is similar to that of 2020-2021, driven by global monetary easing and structural supply-demand mismatches in various industries, such as the semiconductor sector affected by pandemic-induced demand shifts [2][3] - The semiconductor industry, particularly storage, is experiencing price increases due to AI demand, with potential future impacts from tightened rare earth exports affecting supply chains [2][3] Metal Sector Precious Metals - Gold and silver are seen as strategic assets, with gold benefiting from geopolitical instability and central bank purchases, while silver has both precious and industrial metal attributes, showing strong price support due to supply-demand gaps [4][6] Minor Metals - Prices for cobalt, tungsten, antimony, and rare earths are expected to rise due to export restrictions and increasing demand from downstream industries, with cobalt's price expected to rise following changes in export regulations [6][8] Chemical Sector - The PTA industry is anticipated to recover as major players seek to improve profitability through potential production cuts, while pesticide prices, particularly glyphosate, have seen significant increases [7][8] Semiconductor Sector - The storage chip market is entering a growth phase driven by recovering consumer electronics and unexpected AI server demand, leading to price hikes across various storage products [8][9] New Energy Sector Battery and Raw Materials - The demand for energy storage and power batteries is surging, with rising raw material costs pushing up battery prices, particularly for lithium iron phosphate and electrolyte [9][10] Wind Power - The wind power sector is witnessing a rebound in bidding prices due to industry self-regulation and increased global demand for wind installations [11][12] Photovoltaic Silicon - The multi-crystalline silicon industry is seeing a reduction in effective capacity due to policy-driven supply-side adjustments, moving towards a more balanced supply-demand scenario [12] Copper Clad Laminate - The demand for copper clad laminate is increasing due to rising capital expenditures from major internet companies, leading to price increases from manufacturers [13] Diesel Generators/UPS Lead-Acid Batteries - The demand for diesel generators and UPS lead-acid batteries is growing rapidly due to the expansion of data centers, with supply constraints leading to price increases [14]

Core Viewpoint - Multiple well-known companies in the U.S. are implementing price increases in May, indicating a trend of rising costs across various sectors. Group 1: E-commerce and Retail - E-commerce giants Temu and Shein issued nearly identical price increase notifications [1] - Retail giants Walmart and Macy's announced price hikes in May [1] - Toy manufacturer Mattel announced price increases for certain products in the U.S. in early May [1] Group 2: Apparel and Footwear - Nike announced price increases for athletic shoes priced between $100 and $150, with a maximum increase of $5 [1] - Apparel brand Ralph Lauren plans to raise prices more significantly than initially planned to offset tariff impacts [1] Group 3: Technology and Automotive - Microsoft raised the suggested retail prices for its Xbox consoles and controllers globally in early May [1] - Ford increased the prices of three models produced in Mexico, with the highest increase reaching $2,000 [1] - Subaru announced price hikes for several models, effective in June [1] Group 4: Tools and Consumer Goods - Tool manufacturer Stanley Black & Decker raised prices in April and plans to increase them again in the third quarter [1] - Procter & Gamble indicated that it may need to pass price increases onto consumers, with potential price hikes visible as early as July [1]