James对联合健康(UNH.US)和西维斯健康(CVS.US)均维持"买入"评级，她认为这两家企业不应随板块整 体走弱而被拖累。 受联邦医疗保险优势计划定价体系紊乱影响，美股医疗保险板块陷入低迷，但Cantor Fitzgerald分析师 Sarah James认为，这正是逢低布局的绝佳时机。 James在接受采访时表示："我认为这是又一次优质的买入机会。"她指出，联邦医疗保险优势计划的定 价每年都会重新核定，而板块当下的抛售潮，正导致行业内多只股票被错误定价。 她进一步分析称，医保板块此番走弱，根源在于过去数年该计划的定价水平不足以覆盖老年群体的医疗 成本。市场原本预期2027年定价与成本将实现匹配并迎来改善，然而美国联邦医疗保险和医疗补助服务 中心却反其道而行之，出台了新的利空政策。James直言，这些政策的核算准确性"往好里说也颇具争 议"。 James认为，股市对联邦医疗保险优势计划的相关挑战作出了"不合理的资金配置反应"。尽管哈门那 (HUM.US)等高度依赖该计划的企业确实面临实质性利空——James对其给出"持有"评级，但那些定价策 略稳健、业务布局多元的医保企业，却遭到了市场的不公正抛售。 ...

Group 1 - The U.S. stock market showed mixed performance with the Dow Jones down 0.83% at 49,003.41 points, while the S&P 500 rose 0.41% to 6,978.6 points, and the Nasdaq increased by 0.91% to 23,817.1 points, indicating a divergence in market sentiment [1] - The technology sector, particularly large tech and semiconductor stocks, saw a capital inflow driven by positive news related to AI, while healthcare insurance stocks faced significant selling pressure due to policy and earnings forecast concerns [1][2] - UnitedHealth Group's stock plummeted nearly 20% after it provided a revenue outlook for 2026 that fell short of market expectations, contributing to the decline of the Dow Jones index [2] Group 2 - Micron's stock surged over 5% following the announcement of a $24 billion investment in Singapore over the next decade to meet rapidly growing demand, which is expected to stimulate the related supply chain [2] - SanDisk and Western Digital saw their stock prices rise by over 2% and nearly 5%, respectively, reflecting market optimism regarding the recovery of the storage chip sector and increased demand driven by AI applications [2] - The latest consumer confidence index in the U.S. dropped to its lowest level since 2014, even below pandemic levels, indicating public unease regarding fluctuating tariff policies and trade directions, which adds uncertainty to the market outlook [2]

2026.01.28 本文字数：1810，阅读时长大约3分钟 作者 |第一财经 胡弋杰 周二，美股走势分化。标普500指数连续第五个交易日上涨，并创收盘纪录新高，纳斯达克综合指数同 步走强；但在医疗保险股大幅下挫拖累下，道琼斯工业平均指数明显回落。 | 苹果(APPLE) | 258.270 | 1.12% | | --- | --- | --- | | US AAPL | 257.500 | -0.30% 盘后 | | 脸书(META PLATFORM | 672.970 | 0.09% | | US META | 674.200 | 0.18% 盘后 | | 谷歌(ALPHABET)-C | 335.000 | 0.42% | | US GOOG | 335.200 | 0.06% 盘后 | | 微软(MICROSOFT) | 480.580 | 2.19% | | US MSFT | 481.110 | 0.11% 盘后 | | 亚马逊(AMAZON) | 244.680 | 2.63% | | US AMZN | 244.850 | 0.07% 盘后 | | 英伟达(NVIDIA) | 188.520 ...

Group 1 - The core viewpoint of the news is that Yulin City is implementing comprehensive reforms in its medical insurance system during the 14th Five-Year Plan period, aiming to maintain a basic medical insurance coverage rate of over 95% [1] - Yulin has expanded insurance coverage by removing household registration restrictions and implementing subsidy policies, while ensuring that the reimbursement rate for urban and rural residents' hospitalization remains stable at around 70% [1] - The city has established a unique major illness insurance system and optimized maternity insurance policies, including increasing payment limits for prenatal check-ups and including certain reproductive health services in the insurance coverage [1] Group 2 - Yulin is a pilot city for the national medical insurance fund "three settlements," reducing the settlement cycle between insurance agencies and hospitals from 30 days to 1 working day [2] - Currently, 90 medical institutions in Yulin offer a "one-stop" synchronous settlement for basic medical insurance and commercial insurance [2] - Yulin has been designated as a key contact city for long-term care insurance by 2025, with plans to implement this insurance to alleviate the burden on families with disabled members and promote the development of the care industry [2]

格隆汇1月28日｜美股三大指数涨跌不一，道指跌0.83%，纳指涨0.91%，标普500指数涨0.41%并创收盘 新高。科技股普涨，英特尔涨超3%，亚马逊涨超2%。医疗保险股普跌，标普1500管理型医疗指数下跌 18%，创下自1997年以来的最大跌幅；联合健康跌超19%，CVS跌超14%。 ...

Group 1 - The three major US stock indices showed mixed performance, with the Dow Jones Industrial Average falling by 0.83%, while the Nasdaq rose by 0.91% and the S&P 500 increased by 0.41% [1] - Technology stocks experienced a broad rally, with Intel rising over 3% and Amazon increasing by more than 2% [1] - Healthcare insurance stocks faced significant declines, with the S&P 1500 Managed Care Index dropping 18%, marking the largest decline since 1997; UnitedHealth fell over 19% and CVS dropped more than 14% [1]

每经AI快讯，美股三大指数涨跌不一，道指跌0.83%，纳指涨0.91%，标普500指数涨0.41%。科技股普 涨，英特尔涨超3%，亚马逊涨超2%。医疗保险股普跌，标普1500管理型医疗指数下跌18%，创下自 1997年以来的最大跌幅；联合健康跌超19%，CVS跌超14%。 ...

医疗保险股重挫，哈门那跌超20%，联合健康跌超19%，CVS健康跌超10%。 此外，美国政府提议明年将联邦医疗保险(Medicare)私人计划的支付费率维持在当前水平。美国医疗保 险和医疗补助服务中心(CMS)在公告中表示，预计2027年联邦医保优势计划(Medicare Advantage)的支付 费率仅将上调0.09%，远低于分析师此前预期的高达6%的增幅。(格隆汇) 消息面上，联合健康公布2025年Q4业绩，营收为1132亿美元，低于预期；调整后EPS同比下降69.02%至 2.11美元。该公司预测2026年总收入将超过4390亿美元，同比下降2%，低于分析师的预期。数据显 示，这将是联合健康自1989年以来首次出现年度收入下滑。 ...

1月27日消息，美股开盘涨跌不一，道指跌0.62%，纳指涨0.57%，标普500指数涨0.27%。美股医疗计划 概念股领跌，联合健康跌近17%，哈门那跌超16%，西维斯健康跌近10%；此前美国提议小幅上调医保 保险公司支付费率。康宁涨7.8%，Meta将向康宁支付高达60亿美元的采购费用。通用汽车涨5.4%，四 季度核心利润高于预期。 ...

智通财经APP获悉，联合健康(UNH.US)公布了第四季度盈利略微超出预期，但2026年收入指引疲软。 LSEG汇编的数据，联合健康第四季度经调整后每股收益为 2.11 美元，高于分析师平均预期的 2.10 美 元。Q4营收为 1132 亿美元，尽管同比增长约 12%，但仍比华尔街预期低5.2亿美元。该公司还预测， 2026 年收入将出现下滑，这将是三十多年来收入首次年度萎缩。去年，该公司经历了剧烈下跌，目前 正努力重建投资者信心。 总体而言，联合健康2026年的总收入将超过4390亿美元，较2025年下降2%，低于分析师的预期。数据 显示，这将是联合健康集团自1989年以来首次出现年度收入下降。不过，该公司预计营业利润将至少增 长50亿美元，比去年增长超过 25%。 联合健康高管指出导致预期下滑的三大因素，包括公司第四季度的资产剥离以及计划于今年晚些时候进 行的其他剥离，例如其在英国和南美的业务。他还指出，2026年，美国会员总数将出现"相当大的"下 降，超过300万。 该公司还面临其他新的压力。周一晚些时候，美国提议明年维持对私人医疗保险计划的支付水平不变， 这一消息令几家美国医疗保险商股价大跌，联合健康 ...