Key PointsThe tech sector accounts for over 25% of the Vanguard Dividend Appreciation ETF.

寧德時代低空經濟深度佈局！峰飛航空正式發佈全球首個海空一體方案 富途牛牛

Why These 3 Tech Stocks Could Be the Best Opportunities You're OverlookingAlign Technology (NASDAQ:ALGN) executives used a William Blair investor presentation to emphasize the company’s broader digital dentistry platform, positioning Invisalign as part of a workflow that spans co

Film editor who won an Oscar for her work on Star Wars, which she nevertheless referred to as ‘a kids’ movie’ In February 1977, George Lucas screened a rough cut of his science-fiction fantasy Star Wars, devoid of any music or special effects, to a select audience at his home in northern California. Among those in attendance, reported Peter Biskind in his book Easy Riders, Raging Bulls, were studio executives from 20th Century Fox, colleagues such as the screenwriter Gloria Katz and the director Brian De Palma. Katz recalled that the screening was greeted by “stunned silence”. De Palma was heard asking: “What is this shit?” Lucas’s wife Marcia, who had edited Star Wars with Richard Chew and Paul Hirsch, was in tears, convinced the film was doomed. Katz advised her: “Don’t cry when there are people from the studio there.” Continue reading...

Apple big annual conference, where the tech company unveils its new products, is next week, but one analyst doesn’t think it will push up the stock. David Vogt of UBS gave his heads-up Wednesday about Apple’s Worldwide Developers Conference, which starts Monday at the company’s headquarters in Silicon Valley. Shareholders expect Apple to release new artificial-intelligence features after years of lagging behind its rivals on AI.

【有線新聞】美國總統特朗普不排除周末可以跟伊朗達成協議，伊朗外長阿拉格齊指沒有切斷跟美國溝通，但稱雙方談判沒有進展。 特朗普稱美軍前一天大力攻擊伊朗，伊朗亦反擊，但相信停火安排仍然生效，雙方談判進展良好，跟伊朗接近達成協議。 眾議院第四次審理限制特朗普對伊朗發動進一步軍事行動的戰爭權力決議，議案在四名共和黨議員倒戈下闖關成功，以215票贊成、208票反對通過。 另外，伊朗宣稱在阿曼灣發炮，目標是美軍驅逐艦，美軍否認被擊中。

Protests over US Ebola site in Kenya kill two, court keeps suspension Reuters

Getty Images Once in a while, a company finishes the hard part of a turnaround while the market argues whether the turnaround was even possible. Today, that’s Alphabet Inc. ( GOOGL ) ( GOOG ). The worry that hung over this stock for the past two years, the skepticism that a cloud and advertising giant would slowly get taken down by the very AI it helped kick off, has been flipped on its head. Alphabet also raised roughly $84.75 billion in fresh equity to fund its latest AI build-out, with Berkshire Hathaway anchoring the deal with a $10 billion commitment. More on this news further, but it certainly backs up the case I'm about to lay out. Spoiler: My Strong Buy rating for Alphabet stays right where it is. Where does Alphabet stock stand now? Seeking Alpha At the time of publication, GOOGL trades around $364 per share, and the run since my last note has been loud, with the share price gaining almost 13.5%—more or less the same as the S&P 500 ( SP500 ) over the same stretch. Since the beginning of the year, Alphabet stock is up ~16.5%, but over the last 52 weeks, it’s been stellar, up 119%. A good chunk of those gains showed up in March 2026 as a result of the company’s blowout first-quarter 2026 print and the fact that long-term interest rates were cooling off, which also sent other big tech logos higher. What we need to look at isn’t necessarily the scale of the rally but the quality of it. I mean, a 119% in a year is usually reason to pause. But in Alphabet’s case, I think the opposite may be true, because even though the price has changed, the way many of us think about the business hasn’t. The rest of this piece is about that opportunity. What makes Alphabet even more compelling now? I’ve been talking about a shift or a transformation, but has anything actually changed under the hood? Well, the bear case around Alphabet was always about a company being so reliant on its ad business, or the cloud business, finally plateauing or “maturing.” But guess what? That fea...

核心要点 房产数据机构瑞德芬（Redfin）数据：全美 4 月有 5.8% 挂牌房源被房主撤出楼市 ； 房源下架数量环比 3 月上涨 3.8%； 房贷利率走高、汽油价格攀升拖累楼市，亚特兰大房源下架比例居全美首位。 2026 年 5 月 9 日，美国加州兰乔库卡蒙加住宅实拍。 最新行业数据显示，正值楼市传统黄金春季销售季，大量卖房业主因市场行情不及预期选择放弃出售、下架房源。 房产经纪商瑞德芬统计：全美 4 月挂牌房源中 5.8% 被撤出市场，该比例持平去年 12 月，创下 2020 年 3 月疫情暴发、楼市陷入停摆之后的最高值；房源下架量较 3 月环比提升 3.8%。 房贷利率走高、油价高位运行、消费者购房信心下滑三重因素持续压制购房需求，推动房源下架潮。卖方失去定价主导权，普遍无法卖到心理预期售价。 分城市来看，亚特兰大 4 月房源下架比例全美第一，每 10 套在售房源就有 1 套撤牌；加州圣何塞次之，下架率约 9%；洛杉矶、达拉斯同为 7.8%，西雅图 7.7%。 据《抵押贷款每日资讯》，今年年初房贷利率曾下行，30 年期固定房贷利率在 2 月末短暂跌至 5% 区间；美伊冲突爆发后利率大幅飙升，并自此持续处于高位。 瑞德芬房产经纪人帕特里夏・阿曼曼在公告中表示：“购房者手握议价主动权，报价普遍低于挂牌价，还会坚持房屋验房流程，但不少房主死守底价不肯降价，最终只能撤下房源。” 全美房价整体小幅回落，但同比去年仍保持上涨，近期部分区域房价甚至出现回暖。 房产咨询机构 Cotality 首席经济学家塞尔玛・赫普点评：“高度依赖按揭贷款、购房者对利率敏感的城市，房价基本横盘。整体来看，4 月房价同比下跌的城市数量较前几月减少，楼市整体持续企稳。” 全美房地产经纪人协会（NAR）数据：4 月现房签约量（待成交房源）环比 3 月小幅上涨 1.4%，房源挂牌库存环比大增近 6% 是主要支撑因素。 随着新房源持续入市、存量房源滞销积压，美国多地挂牌房源库存走高，房源挂牌空置周期拉长。春季购房旺季步入尾声，部分购房者直接放弃置业计划。 瑞德芬报告补充：尽管当前房贷利率居高不下，去年撤下房源的部分房主仍在 4 月重新挂牌，寄望搭上春季楼市行情；4 月挂牌房源里，2.5% 为二次挂牌房源，该占比持平前两月，创 2020 年年中购房需求暴涨之后的新高。 责任编辑：郭明煜

据美国媒体3日报道，在加利福尼亚州贝克斯菲尔德市的一家银行内被劫持的人质当天已经全部获救，嫌犯被美国联邦调查局人员击毙。 据当地媒体报道，当地时间2日13时左右，一名据称胸前绑有炸弹的男子在洛杉矶以北约180公里的贝克斯菲尔德市的一家大通银行建筑物内劫持了“多名人质”，导致附近区域被封锁。当地警方和美国联邦调查局派出的谈判专家与该男子进行10多个小时的谈判，有两名人质在谈判期间获得释放。 警方3日上午证实，在美国联邦调查局人员开枪击毙嫌犯后，“人质劫持事件宣告结束”。警方称，没有人质受伤，他们在现场接受了医疗检查。(新华社)

Average short interest across consumer discretionary stocks remained concentrated in select names, with RH ( RH ) continuing to lead the most shorted list, while MINISO Group ( MNSO ) featured among the least shorted, based on short interest as a percentage of shares outstanding. The Consumer Discretionary Select Sector SPDR Fund ( NYSEARCA: XLY ) has declined 1.77% so far this year, compared with an 11.17% rise in the broader S&P 500 over the same period. Stocks with the largest and least short positions Stocks with the largest and least short positions (SeekingAlpha) Among the most shorted stocks, RH ( RH ) topped the list with 28.31% of shares outstanding sold short, followed by Under Armour ( UAA ) at 26.27% and Whirlpool ( WHR ) at 21.25%. Vail Resorts ( MTN ) and Duolingo ( DUOL ) also saw elevated short positioning, with 20.51% and 19.35% of shares sold short, respectively. On the least-shorted end, MINISO Group ( MNSO ) recorded short interest of 0.63%, followed by Global Business Travel Group ( GBTG ) at 0.80% and Amazon ( AMZN ) at 0.97%. Vipshop Holdings ( VIPS ) and Yum China ( YUMC ) stood at 1.16% and 1.21%, respectively. Overall, short positioning in the consumer discretionary segment remained concentrated in select retail, apparel, and consumer-facing names, while several large-cap companies continued to carry relatively low short interest. More on State Street® Consumer Discretionary Select Sector SPDR® ETF, Vanguard Consumer Discretionary Index Fund;ETF, etc. Amazon: The Stock Is Missing The AI Wave, But The Business Isn't Amazon Gets Paid Every Time Anthropic Grows Consumer And Retail: Better-Than-Expected Results And Outlook Has XRT Primed To Outperform Hinde Group adds AMZN, NFLX; trims IBKR among Q1 moves Palantir’s £330M NHS deal faces criticism from UK parliamentarians

Sperm counts have fallen sharply in recent decades, fuelling anxiety, misinformation and a flood of fertility advice I’m sorry that I have to be the one to tell you this, but according to reports, men are engaging in a practice known as “spermmaxxing”. Spermmaxxing, according to the many articles on the subject , is a way of increasing the quality and quantity of one’s sperm. The approaches range from the sensible (get more sleep, eat nutritious foods) to the more dubious (eat raw garlic, dip your testicles in ice water). Continue reading...

A favourite topic which often comes up in conversations with advertising friends concerns the history, emergence and creative heyday of the industry in Hong Kong. A story I usually speak about with some authority, seeing as I have been privileged enough to play a part in it over the years, as well as having co-written a book on the subject. It was while doing research for that book that I began delving further back in time than when I first started plying my trade in the local industry. Learning...

Eagle Materials (EXP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Kirby (KEX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

First Bancorp (FBNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Why Advanced Micro Devices Could Be the Next $1 Trillion Stock -- Barrons.com 富途牛牛

The European Union’s headache over tariffs may be about to get worse. Just as the US proposed new trade levies of at least 10% on imports, including from the EU, tensions with China may also be about to flare. This time, the US is proposing the tariffs citing shortcomings in the treatment of goods allegedly produced by forced labor. The EU called it unjustified and added that the bloc would respect the terms of its trade accord with the US. When it comes to China, the European Commission, which handles trade matters for the EU, held a closed meeting last week with its top officials to discuss next steps, according people familiar with the talks. They said the consensus was that a “more robust and coherent response” is needed in the face of Chinese imports, even if such a move may trigger Chinese retaliation. The EU is weighing new measures to counter China’s state support for companies as well as oversupply. Still, such defenses are largely untested and Brussels has split over how to address the challenges posed by Beijing amid a growing dependence on China for products like minerals or chips. The European Commission also unveiled today raft of measures to boost so-called tech sovereignty and reduce reliance on US and Asian suppliers in semiconductors, artificial intelligence and cloud computing. — Zoltan Simon What You Need to Know Today Brent crude rose for a third day and stocks slipped as traders bet that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal. The US and Iran clashed again overnight, with Kuwait and Bahrain caught in the crossfire of one the most serious flare-ups since a ceasefire went into effect in early April. Meanwhile Kuwait will consider increasing oil storage abroad to boost its ability to supply global markets after the war in the Persian Gulf blocked flows through the Strait of Hormuz, according to the head of the state energy company’s marketing arm. St. Petersburg Faces Drone Attack as Putin’s For...

High-bandwidth memory chips are hardware that’s essential for AI — and their makers can’t keep up with demand

Saturn Cloud, the AI token factory platform, today announced a partnership with OpenNebula Systems, the developer of OpenNebula, an open enterprise cloud and virtualization platform widely used for AI factories and neocloud environments. The integration combines OpenNebula's GPU virtualization, secure multi-tenant orchestration, elastic Kubernetes integration, and bare-metal lifecycle management with Saturn Cloud's fine-tuning, model serving, distributed training, and managed environment capabil

Bitcoin (CRYPTO: BTC) has fallen to below $70,000, and today, it's been trading below even $67,000. Although the stock market has been doing well and the S&P 500 has been hitting new highs this year, there hasn't been much excitement around the crypto markets of late. Bitcoin, which surged to highs of more than $126,000 last year, is now down nearly 50% from its peak. Could buying Bitcoin now, while its value is below $70,000, be a great move for the long run? Image source: Getty Images. Continue reading

Memory chips are all the rage in markets, with Micron and SK Hynix becoming trillion-dollar companies Yahoo Finance

Nvidia ships TSMC-backed CPO switches to tackle AI data center bottlenecks Taipei Times

本期内容提要: 事件：英美烟草发布26H1盈利预告。维持全年3%-5%收入增长预期，其中新型烟草收入增速有望从低双位数增长至中双位数；公司对整体卷烟行业抱有谨慎态度，认为行业销量规模全年-2.5%（此前预期-2%）。分品类来看： HNB：截至公告日（26年6月2日），核心市场份额-1.6pts，其中AME（美洲&欧洲）-0.7pts、APMEA（亚太&中东&非洲）-2.1pts，承压主要系竞争加剧，我们认为老款Hyper竞争力不足。公司中高端产品HILO在日本市占率已达2.6%、波兰8.8%、意大利1.5%（25年报中分别为1.5.%/3.9%/1.0%），并在罗马尼亚和希腊等新市场取得优异表现。公司预期26H1&全年整体板块低双位数下滑（主要受日本库存波动&竞争加剧），但伴随HILO&Hyper新款扩张（均为思摩尔供应），26H2销售有望回暖、全球份额有望恢复提升。 雾化：截至公告日，公司在核心市场市场份额提升1.3pts，在全球保持领先地位。其中美国市场表现优异、市场份额提升4.2pts，AME份额-1.5pts主要系英国&波兰监管变化。公司表示近期FDA政策乐观，已积极为新品组合做准备，26H1&全年整体板块有望实现中个位数增长。 口含烟：公司在核心市场整体份额+5.7pts，其中现代口含烟份额+7.4pts，受益于行业景气+份额提升，截至发稿日Velo收入增速实现高双位数，其中美国市场受益于Velo Plus表现优异，公司在美国现代口含烟市场份额提升10.4pts。 风险提示：行业竞争加剧、政策波动、全球渗透率提升不及预期。

2025年，中国新型储能产业完成历史性跨越：累计装机达144.7GW，占国内电力储能总规模的三分之二以上，新增装机连续四年居全球首位。更重要的是，行业底层逻辑深刻重构——强制配储政策终结，容量电价机制破冰，电力现货市场基本实现省级全覆盖。储能正从“配套设备”蜕变为电力系统的“核心基础设施”，商业模式从行政驱动转向市场驱动。 本报告基于CNESA、国家能源局、BloombergNEF、GGII等权威数据，系统梳理2025-2026年中国新型储能的发展现状、政策转折、技术路线、产业链格局及海外市场机遇，并展望2030年前的市场空间与技术渗透率。报告重点回答：取消强制配储后储能靠什么盈利？锂电价格为何反转？钠电池产业化到了哪一步？海外三大市场各自的机会与壁垒是什么？

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 603336 宏辉果蔬 跨界并购施美药业，开启医药第二增长曲线 增持 首次 种植业 null

AI硬件定义的思考 阿里云研究院在《AI消费硬件产业报告》中提出，AI硬件的核心判定标准不在于是否搭载AI功能，而在于： 人工智能是否深度参与了设备的系统架构，交互方式和价值创造过程，并对用户体验产生持续，可感知影响。 消费者对AI产品或带有AI功能的产品认知及使用率逐步提升 超90%消费者了解AI产品，62%的消费者使用过AI产品或者带有AI功能产品，33%消费者选择AI相关渠道收集产品信息 消费者在选购手机，耳机，智能眼镜等高频随身设备时品类时，特别关注AI功能

全球宏观经济的底层支撑（1/2） 全球贸易韧性凸显，居民收入持续增长，筑牢跨境电商发展根基 全球宏观经济基本面为跨境电商行业发展筑牢底层支撑。从贸易与增长维度看，2021-2025年全球GDP规模持续扩张，从97.4万亿美元稳步增长至2025年的113.0万亿美元，全球商品出口贸易总额同步提升，贸易额占全球GDP比重稳定在22%-25%区间，2025年回升至22.7%，彰显全球贸易韧性与跨境流通活力，为跨境电商规模扩张提供了坚实的市场基础。从消费端动力看，全球主要经济体人均可支配收入呈持续增长态势：北美、欧洲等成熟市场收入水平稳居高位，2025年北美人均可支配收入达54.1千美元，欧洲达25.9千美元；东南亚、南美、西亚等新兴市场收入增速亮眼，东南亚从4.0千美元提升至4.9千美元，全球消费能力的结构性提升，持续释放跨境消费需求，为跨境电商从规模扩张向品牌化、高客单价升级创造了有利条件，成为行业长期发展的核心驱动力。

发展概览 全球经济增速放缓、传统贸易承压，但电商展现出强劲韧性。中国跨境出口电商规模持续增长，占外贸比重稳步提升，政策支持与多元化布局成为新动能。出口市场正从依赖单一国家走向多元并进。在全球区域市场中，韩国凭借规模领先、高增速、合规规范、物流成熟等优势，成为中国卖家拓展海外高价值市场的战略支点。 韩国电商市场洞察 韩国电商市场规模位于全球前列，数字基建领先，消费者网购成熟度高、购买力强劲。用户以年轻化人群为主导，高度重视物流时效，超六成将时效性视为下单关键。韩国电商市场竞争度低、利润空间优于其他成熟市场，尚处运营红利期。渠道则以本土平台为主导，头部效应显著。综上，韩国电商市场具备规模大、利润高、竞争低、环境稳和匹配强五大核心优势。 跨境出口韩国市场机遇分析 基于用户对品质与时效的需求，卖家必须具备品控快反、高效履约、本土化设计及合规能力，工贸一体与成熟卖家精准适配。品类宜聚焦家居、3C、服饰、户外及汽摩配，精准对接市场需求、走差异化路线。渠道布局层面，工贸一体卖家宜阶梯式进阶，成熟卖家则应基于经验放大运营优势。物流履约层面，本土仓转化与流量优势不可替代，是深耕韩国市场的必选项。最后，卖家可充分利用头部平台的扶持政策，降低合规成本，实现规范经营。 头部平台案例 Coupang以全链路服务驱动卖家增长，以极致体验锁定用户价值，依托火箭配送、本地化运营及平台流量资源，助力卖家经营提质升效；Naver以搜索入口构建购物生态；速卖通则通过前置仓布局与本土化合作，提升本地化服务能力。

报告要点： 周度行情回顾 2026年5月24日至5月29日，人形机器人概念指数下跌7.16%，相较沪深300指数跑输8.13pct；年初至今累计涨跌幅来看，人形机器人概念指数上涨3.44%，相较沪深300指数跑输2.23pct。 A股人形机器人指数（iFinD概念)相关个股中，科瑞技术周涨幅最大（+42.13%)，朗信电气周跌幅最大（-45.27%）。 周度热点回顾 政策端，广州市第十五个五年规划纲要指出培育壮大具身智能产业，强化具身智能机器人“智慧大脑”、“精密小脑”等研发攻关；江苏省政府召开智能机器人具身智能产业高质量发展专题推进会议；深圳市“十五五”规划纲要指出大力发展人工智能终端、低空经济、具身智能机器人、海洋经济、商业航天等一批新兴支柱产业；河南省“十五五”规划纲要指出积极布局先进核能、类脑智能、空天信息等前沿领域。 产品技术迭代方面，何小鹏表示面向量产版本的新一代IRON人形机器人预计三季度正式亮相，年底实现量产；擎朗智能发布小尺寸人形机器人XMAN-L1。 投融资方面，天机智能完成10亿元B轮及B+轮融资；宇树科技科创板IPO将于6月1日上会，拟募资42.02亿元；具身智能创业公司具脑磐石完成新一轮亿元级融资。 重点公司方面，立讯精密发布公告称常熟工厂已具备人形机器人专用标准零部件开发能力；上海沿浦董事长周建清表示机器人关节模组已实现小批量交付；凯龙高科表示人形机器人检测设备已获得部分订单。 周观点 近日小鹏集团召开机器人量产动员大会，会上，何小鹏表示，小鹏机器人从芯片到操作系统、从关节到灵巧手全线自研，是国内唯一全栈自研的机器人公司。2025年11月，小鹏全新一代IRON人形机器人亮相，号称“最拟人的人形机器人”。其算法架构采用端到端大模型和强化学习算法，用于支撑行走与操作能力。在运动控制方面，3月小鹏汽车公布了“机器人的步态调整方法、装置、设备及存储介质”专利，旨在提升其在楼梯等复杂地形中的自主运动适应性与稳定性。在落地应用上，Iron已在小鹏广州工厂投入实训和应用。小鹏机器人计划于2026年底实现量产，2027年一季度进入小鹏线下门店担任导购，未来还将拓展至家庭等场景。我们认为国内人形机器人厂商资本化进展及量产速度均符合预期，建议关注相关产业链。 风险提示 人形机器人发展不及预期风险；政策不及预期风险；行业内竞争加剧风险；零部件降本进程不及预期风...