股票代码 股票简称 报告名称 东财评级 评级变动 2026盈利预测 2027盈利预测 行业 收益 市盈率 收益 市盈率 300595 欧普康视 2025年业绩承压，期待逐步恢复 增持 维持 0.620 22.16 医疗器械 null

投资要点： 铜：铜价维持弱势震荡，国内库存大幅去化。本周伦铜/沪铜/美铜涨跌幅分别为+0.99%/+0.33%/+4.03%。库存端，国内库存大幅去化，伦铜/纽铜/沪铜库存分别为36.4万吨/58.8万短吨/30.1万吨，环比变化+1.17%/-0.19%/-16.16%；国内电解铜社会库存36.7万吨，环比-14.04%。需求方面，电解铜杆周度开工率83.59%，环比增加0.42pct。铜价回落驱动下游开工和补库，本周国内库存大幅去化。宏观方面，本周五美国3月非农大超预期，3月失业率4.3%低于预期，预计美联储降息预期继续降温，叠加伊朗战争导致油价大幅上涨，美国通胀预期回升，再次压制降息预期，铜价短期预计维持弱势震荡，重点关注美伊战争持续性和进展。中长期看，铜矿资本开支不足，供给端扰动频发，铜矿供需格局或将由紧平衡转向短缺，叠加美联储进入降息周期，铜价中长期有望上行。建议关注：紫金矿业、洛阳钼业、江西铜业、中国有色矿业、五矿资源、铜陵有色、金诚信、西部矿业。 铝：中东供给扰动加剧，铝价有望上行。1）氧化铝：本周国内小幅去库，考虑到新建项目陆续投产，氧化铝价格后市或承压。本周氧化铝价格持平为2785元/吨，截至本周四，冶金级氧化铝运行产能达8627万吨/年，周度开工率降低0.23pct为76.2%。本周国内氧化铝小幅去库2.2万吨，后续伴随广西地区新建氧化铝项目陆续投产，供给宽松下氧化铝价格或承压。2）电解铝：中东供给扰动加剧，铝价有望上行。本周沪铝上涨3.35%至2.47万元/吨，伦铝价格上涨5.68%至3424美元/吨，电解铝毛利8593元/吨，环比增加5.33%。库存方面，国内库存持续累积，伦铝库存41.20万吨，环比减少2.12%，沪铝库存47.01万吨，环比增加3.42%，国内现货库存为138.70万吨，环比增加2.82%。海外供给方面，4月3日，阿联酋环球铝业（EGA）宣称其旗下AlTaweelah铝综合体遭伊朗导弹和无人机袭击，受损严重，电解铝生产完全恢复时间可能长达1年。AlTaweelah铝综合体2025年电解铝产量达160万吨，占海外电解铝产量5.3%，占全球电解铝产量2.2%。伴随战争持续，中东电解铝供应扰动有进一步加剧的风险，海外电解铝缺口或将持续放大，铝价有望大幅上行。中长期看，供给端，国内电解铝运行产能接近天花板，海外在建项目进度缓慢，而...

股票代码 股票简称 报告名称 东财评级 评级变动 2026盈利预测 2027盈利预测 行业 收益 市盈率 收益 市盈率 688161 威高骨科 骨科平台型公司，全球化布局提速 买入 维持 0.840 36.27 医疗器械 null

财联社4月4日讯（编辑 牛占林） 据央视新闻报道，当地时间周六(4月4日)，美国总统特朗普在社交平台Truth Social上发文，就伊朗问题再次发出强硬表态，称如果霍尔木兹海峡不在最后期限内重新开放，将进一步升级打击行动。 特朗普表示：“记得我曾给伊朗10天时间去达成协议或重新开放霍尔木兹海峡。时间正在耗尽——48小时后，地狱将降临到他们头上。” 在3月26日，特朗普曾表示，应伊朗政府请求，他将暂停对伊朗能源设施的打击期限延长10天，至4月6日。 特朗普周三在白宫电视讲话中告诉美国民众，他预计对伊战争还将持续两至三周，但同时强调冲突已接近尾声。“我们将完成任务，而且会迅速完成。” 在特朗普发出上述威胁之际，美国军方继续搜寻一名失踪的美国空军人员。此前，一架F-15E战斗机于周五在伊朗西南部被击落。目前已有一名机组人员获救，但第二名人员仍下落不明，美伊双方正在同时展开搜寻。 伊朗和美国均证实，伊朗方面击落了这架双座F-15E战机。与此同时，两名美国官员表示，另一架美军A-10“疣猪”攻击机在科威特遭伊朗火力打击后坠毁，其飞行员已成功弹射逃生。 两名美国官员透露，在伊朗境内执行搜救任务的两架“黑鹰”直升机也曾遭伊朗火力攻击，但最终成功撤离伊朗领空。 这名空军人员可能被俘的情况在华盛顿引发了担忧，担心这可能成为伊朗的谈判筹码。这是自战争爆发以来，伊朗军队首次在其境内成功击落美国作战飞机。 与此同时，伊朗外交部长阿拉格齐原则上为与美国的和谈留了余地，同时有消息指巴基斯坦正在进行调解，但他并未表现出伊朗愿意屈从于特朗普要求的迹象。 阿拉格齐在社交平台X上表示：“我们高度赞赏巴基斯坦的努力，也从未拒绝前往伊斯兰堡谈判。我们关心的是如何以决定性且持久的方式结束强加于我们的非法战争。” 伊朗持续向中东地区发射导弹和无人机。阿联酋称其过去24小时内拦截了数十个来袭威胁。 迪拜媒体办公室表示，美国科技巨头甲骨文公司在迪拜的办公室被坠落碎片损坏，事件未造成人员伤亡，伊朗继续向中东发射导弹，以报复美国和以色列的袭击。 伊朗伊斯兰革命卫队威胁，将对在中东开展业务的一系列美国科技公司实施打击，包括英伟达、苹果、微软和谷歌等。 风险管理公司Healix首席执行官詹姆斯·亨德森评论称，针对科技公司的威胁上升并非昙花一现，而是一种持续的模式。“科技资产正被视为冲突的一部分，而不再是外围因素。这也意...

Source: Bloomberg, 41:15

格隆汇4月4日｜据俄罗斯卫星网4月4日消息，伊朗驻开罗外交使团团长莫杰塔巴·费尔多乌西普尔在接受该媒体采访时称，伊朗倾向于通过外交途径解决问题，但美国和以色列曾在谈判期间两次对伊朗发动袭击。费尔多乌西普尔称，"我们在危机期间始终秉持外交手段。2025年我们曾坐在谈判桌前，但当时美国和以色列袭击了我们。此后在达成协议方面取得进展，但随后袭击事件再次发生。"美国和以色列于2月28日开始对伊朗境内目标实施打击。伊朗对以色列领土及美国在中东的军事目标进行回击。

A student who featured in a controversial Hong Kong documentary has said she did not give her consent to it being shown at an Italian film festival, reiterating her objection to it being screened publicly. Ah Ling, one of six students who featured in the coming-of-age documentary To My Nineteen-Year-Old Self, said she was only notified by Ying Wa Girls’ School on Friday that the film would be screened at the Far East Film Festival in Udine, Italy, this month. The school also did not address her...

This tech stock is moving from development to execution, and investors are taking notice.

Key PointsPoet Technologies reported fourth-quarter 2025 financial results this week.

SCM Jeans/iStock Editorial via Getty Images Good investments have to survive the test of time. While many companies perform well during good times, an extended sell-off is often a good way to stress-test a financial choice. Even though economic growth rates remain stable, most corporations are no longer able to rely on what have shown to be unreliable price increases over the last several years, and many of these companies are seeing minimal organic growth as well. Few corporations have struggled more since COVID and the pandemic era shutdowns ended than United Parcel Services ( UPS ). The carrier saw record-high revenues in 2021 and 2022, when UPS made nearly $100 billion that year. Data by YCharts UPS has offered investors total returns of negative 29.26 percent over the last 5 years, while the S&P 500 ( SPY ) has offered investors total returns of 75.17 percent during the same time period. The carrier has consistently and significantly underperformed the broader indexes for several years now. I last wrote about the United Parcel Services in January of 2026, and I rated the company a strong sell. Today, I am reiterating my strong sell rating of the carrier. The company's turnaround plan is not showing substantive progress of achieving the core goal of both increasing margins while also driving substantive revenue and earnings growth. The recent price shock in the oil market also further shows how vulnerable the company's fragile profitability levels are to rising costs as well. UPS still looks overvalued. UPS reported fourth-quarter earnings per share normalized actual $2.38 and revenue actual of $24.48 billion, beating lowered expectations of nearly $24 billion and $2.20 a share. The United Parcel Services gets nearly 76 percent of the company's revenues from the US market and 67 percent of revenues from domestic shipping within the United States. The company also stated domestic revenue per piece increased by 8.3 percent while the carrier's volumes predictably d...

I was quite surprised to see shares of Arm Holdings (NASDAQ:ARM) rocketing higher after the release of its AGI CPU. Indeed, perhaps the enthusiasm and euphoria were more to do with the “AGI” part of the naming than anything else. With shares starting to fluctuate wildly in both directions after the big spike, questions linger ... Arm Holdings: The Chip Designer Drawing NVIDIA Comparisons—Is It Justified?

Getty Images Asset managers have taken a beating as of late, with big players like Blackstone ( BX ), Ares Management ( ARES ), and Blue Owl Capital Inc. ( OWL ) trading at fractions of their 52-week highs. While the market is concerned around their exposure software companies in private credit portfolios, asset managers of all stripes have also been dragged down with them. In other words, I believe the ‘baby has been thrown out with the bathwater’, resulting in bargain opportunities in this sector. This brings me to Brookfield Asset Management ( BAM ), which is more focused on infrastructure assets. At the current price of $44.45, trades near its 52-week low while supporting a +4% dividend yield, as shown below. BAM Stock 1-Yr Trend (Seeking Alpha) In this article, I highlight BAM including its operating fundamentals, and discuss why it’s currently a solid buy for income and total returns, so let’s dive in! Why BAM? Brookfield Asset Management is one of the world’s largest alternative investment platforms, specializing in real assets such as infrastructure, renewable power, real estate, private equity, and credit. It focuses on long-duration, cash-generating assets that are essential to the global economy. BAM’s client base includes institutional investors, insurance platforms, and increasingly individual investors. At present, BAM has $1.2 trillion in AUM and $603 billion in fee-bearing capital . It’s benefitting from renewed demand for inflation-protected real assets that generate durable cashflow for investors. As shown below, BAM has a solid track record of double-digit annual returns for investors across sectors. Investor Presentation BAM continued to generate strong results during Q4 2025, with quarterly fee-related earnings growing by 28% YoY to $867 million. Distributable earnings grew by 18% YoY to $767 million. During the full year, BAM raised a substantial $112 billion of capital and deployed a record $66 billion into high quality assets across its core ...

‘Mentality wasn’t there’ in 4-0 loss to Manchester City Slot adds ‘the amount of goals we score is far too low’ Arne Slot slammed Liverpool’s “missing fighting spirit” after the 4-0 humiliation by Manchester City that propelled Pep Guardiola’s team into the FA Cup semi-finals. The manner of the 4-0 reverse will heighten scrutiny of the manager’s future, with Liverpool next at Paris Saint-Germain for Wednesday’s Champions League quarter-final first leg. A similar defeat in the tie may prove terminal for Slot. Continue reading...

Peshkova/iStock via Getty Images I have covered Rigetti Computing ( RGTI ) before , where I outlined the company’s background in detail, explained why I didn’t understand all the excitement about the company, and why I did consider it a strong sell. Since then, the stock has fallen by a 50% and has almost reached my $11 fair value; however, most of this fall is due to a reduction in the quantum valuations, which is why I further reduced its fair value to $8 per share. Despite this I upgrade the stock to a sell because lately it is achieving more contracts. Background Rigetti Computing is a quantum computing company founded in 2013. The company follows a full stack approach, developing superconducting qubit based processors in its in house Fab-1, the only dedicated and integrated quantum foundry, and selling cloud access through Quantum Cloud Services. Investor Presentation Rigetti bases its quantum technology on superconducting qubits, as it considers that offer fast gate speeds and modular architectures based on semiconductor manufacturing. However, those advantages still come with meaningful disadvantages around coherence, complexity and temperature requirements because to achieve superconducting qubits, the electrical circuits must be cooled to near absolute zero. Investor Presentation These difficulties have already been showed by several delays with the last one this year. In January management delayed its Cepheus-1-108Q and said the system was expected to reach general availability around the end of the first quarter of 2026 . Even during the Q4 conference call at the beginning of March management said: Our near-term priority is completing deployment of the 108-qubit system at 99.5% median 2-qubit gate fidelity, which we expect around the end of March. Beyond that, our focus is to deploy a system with more than 150-qubits with an anticipated 99.7% median 2-qubit gate fidelity around end of December 2026. Given that it is now April and the company has not annou...

Dennis Chraplak/iStock via Getty Images The thesis for Brookfield Asset Management ( BAM ) in August last year rested on the idea that BAM was an asset-light, high margin manager poised to benefit from the long term growth in alternatives. I was especially confident that the premium valuations were justified because of the strong Fee Related Earnings (FRE) profile. Since then the stock has corrected by over 25% despite FRE growing consistently, implying that this has been a sharp multiple compression story rather than a deterioration in fundamentals. As we dive into the numbers, we can see there has been a subtle change in the quality and timing of growth though. While fundraising remains strong, a larger share is now attributed to non-flagship strategies such as credit and insurance (segments that have lower fees and less carry upside). A significant portion of the raised capital also remains uncalled, delaying full earnings realization. These factors justify the multiple compression to a large extent, in addition to an evolved macro setup where we are now talking about stagflation risks, higher for longer rates and tighter liquidity. BAM is now being viewed as a quality business, but cyclical - not a secular compounding business I had positioned it as in August last year. For existing investors, given that the earnings growth engine is still intact, this drop could be an opportunity to accumulate. The yield also becomes more lucrative today at over 4%. However, I don't view BAM as a income instrument as the payout ratio is tight and dependent on growth, not excess cash. Overall, I retain the Buy rating on BAM at current valuations, but this is a lower conviction Buy than where I was in August. I would not recommend aggressively doubling down till the macro turns favorable, and the fundraising mix and deployment improves. The What and Why of the Fall Instead of the PE valuation approach used in August last year, I turn to a better valuation measure for BAM - which ...

Qatar shutting down the world's largest liquefied natural gas facility has disrupted the global helium supply, threatening medical applications, semiconductor manufacturing, and national defense technology. Pulsar Helium President Cliff Cain joins Christina Ruffini and Joe Mathieu on Bloomberg This Weekend to explain the downstream effects the prolonged conflict in the Middle East is having on the industry. (Source: Bloomberg)

格隆汇4月4日｜市场消息称，截至美国东部时间上午11:44（北京时间晚上11:44），离五角大楼最近的达美乐披萨店客流量高于平均水平。

2 AI Stocks That Survived the March Sell-Off -- and Look Stronger Because of It The Globe and Mail

格隆汇4月4日｜市场消息称，阿尔忒弥斯2号宇航员已完成过半奔月旅程。

GAM MULT.-HLTHIE-USD A (XG3H.DU) 期權鏈 Yahoo 財經

Key PointsArm Holdings has a massive opportunity ahead of it with its new data center CPUs.

Arm Holdings and AMD both saw their stocks rise in March despite the tech sell-off.

Nvidia or AMD? We asked ChatGPT which is the better AI stock for Q2 2026 Finbold

Russia and Ukraine traded deadly strikes overnight and on Saturday morning, killing 10 people and wounding several dozen more, officials on both sides said on Saturday. The attacks came as Ukrainian President Volodymyr Zelensky travelled to Istanbul for talks with Turkish President Recep Tayyip Erdogan. He will also meet with Ecumenical Patriarch Bartholomew, the spiritual leader of Eastern Orthodox Christians. “We are working to strengthen our partnership to ensure the real protection of lives,...

Alistair Berg Wall Street ended the trading week higher, as investors balanced a stronger-than-expected March jobs report with rising geopolitical tensions that pushed oil prices sharply higher. For the week, the tech-heavy Nasdaq Composite popped 4.4%, while the S&P jumped +3.3%, and the blue-chip Dow added +2.9%. Oracle ( ORCL ) is reportedly cutting thousands of jobs, according to a CNBC report. These layoffs come as the company increases its investment in artificial intelligence infrastructure to strengthen its position against competitors in the cloud market. Cutting 20,000 to 30,000 employees could lead to $8 billion to $10 billion in incremental free cash flow, TD Cowen analysts wrote in a January note. In a March regulatory filing, the cloud computing company stated that it expects total costs related to its fiscal 2026 restructuring plan to reach as much as $2.1 billion, with most of the expenses tied to employee severance and associated costs. Tesla ( TSLA ) reported on Thursday that it delivered 358,023 vehicles in the first quarter, missing the consensus estimate of around 365,000 units. The company also stated that it produced 408,386 vehicles during the same period. Despite the shortfall, Q1 deliveries rose 6.2% compared to a year earlier, when Tesla delivered 336,881 vehicles in the first quarter of 2025. The company noted that demand was impacted by the expiration of electric vehicle tax credits, particularly affecting sales in the latter half of 2025 and continuing into 2026. Nike ( NKE ) dropped significantly after providing weaker-than-expected guidance during its earnings call. The company forecast that sales will decline by 2% to 4% in the fourth fiscal quarter, falling short of the consensus estimate, which had projected a 1.9% increase. Nike also highlighted a sharp slowdown in its Greater China segment, where it expects revenue to decline by about 20%. Applied Optoelectronics ( AAOI ) jumped 20% by the close of trading on Thursday and gained ...

The price of an ounce of silver surged by 144% in 2025, as investors piled into precious metals to hedge against rising economic and political uncertainty. It carried its momentum into 2026 and set a new record high of $121 per ounce in January, but it has since plummeted by 38% to trade at just $75 per ounce as I write this in early April. Unlike its close sibling, gold, silver is used extensively in industrial settings, with the majority of its demand coming from manufacturers of electronics, alloys, solders, and more. Therefore, its price is highly sensitive to changes in economic conditions. With geopolitical tensions raging in the Middle East and oil prices soaring, investors might be selling silver on fears of a global economic slowdown. Overall, precious metals have been a reliable investment over the long term, so investors might be wondering if they should buy silver while it's trading under the $100 milestone. Read on for the surprising answer. Continue reading

格隆汇4月4日｜以色列军方：探测到伊朗发射导弹，防御系统正在执行拦截任务。

格隆汇4月4日｜市场消息称，以色列耶路撒冷城内传出爆炸声。以色列媒体报道称弹片落在耶路撒冷城。

Napster CEO John Acunto explains how the company has been reimagined, shifting focus from traditional music streaming to what they call "streaming intelligence." Watch his full interview on Bloomberg This Weekend with hosts Christina Ruffini and Lisa Mateo. (Source: Bloomberg)

Bobex-73/iStock via Getty Images Robinhood ( HOOD ) stock is down by -25% since my last analysis , in which I issued a Hold rating on the company. However, now there's evidence that we could be set up at world-class entry point. I admit that the equity is valued speculatively, but I'm willing to overlook that on the premise that HOOD stock looks to track Bitcoin ( BTC ) broadly, as well as software. Therefore, once the crypto winter ends, I see it as quite logical that sentiment for HOOD stock will begin to rise. It's not a value investment, but it does have decent growth and is trading down from its prior highs significantly. To be specific, Hood is 55% below its all-time high. I rate the stock a Buy . Business Fundamentals Robinhood's growth positioning is elite, even if the fundamental value isn't. FY25 revenue grew 52%, adjusted EBITDA grew 76%, and adjusted EBITDA margin expanded by 8 percentage points. 11 of the company's businesses were already above a $100M annualized run-rate by the end of 2025. Furthermore, platform assets in FY25 were up by about 67% year-over-year (not all organic), with last- twelve -month net deposits compounding at about a 35% rate relative to the prior asset base. Moreover, Q4 ARPU increased by 16%, Gold subscribers grew by 58%, and retirement AUC grew 102%. This is fundamentally well-diversified business that is growing across several fronts. Robinhood stock trades with crypto because the market still sees it as a liquid crypto-adjacent risk-appetite proxy. Crypto was about 20% of Robinhood's 2025 revenue, and its crypto market share rose 63% year-over-year. Unfortunately, unlike a Bitcoin treasury like Strategy ( MSTR ), or direct crypto, Robinhood stock is currently trading like a speculative sentiment asset even though it has a reliable and diversified operating business. Valuation Most readers are not going to like this valuation strategy, but I'm going to do it anyway because you have to break a few traditions to beat the herd ...