投资要点 本周、年初至今A股医药指数涨跌幅分别为-2.64%、-7.22%，相对沪深300的超额分别为-3.56%、-15.85%；本周、年初至今恒生生物科技指数涨跌幅分别为-1.59%、-5.38%，相对于恒生科技指数的超额分别为-1.89%、5.76%。本周中药（-0.06%）、医药商业（-2.20%）、化学制药（-2.59%）跌幅较小，而生物制品（-3.40%）、医疗服务（-3.86%）、原料药（-5.00%）等跌幅较多。本周A股涨幅居前奕瑞科技（+14.31%）、三力制药（+13.93%）、海泰新光（+13.13%），跌幅居前福瑞医科（-18.53%）、司太立（-18.51%）、宝莱特（-17.93%）。本周H股涨幅居前长风药业（+13.54%）、同源康医药-B（+13.26%）、巨子生物（+9.55%），跌幅居前派格生物医药-B（-33.31%）、先健科技（-28.14%）、药捷安康-B（-18.25%）。 2025年以来，中国创新药企业经营质量持续改善，收入稳步增长、利润端弹性明显释放。A股57家创新药样本公司2025年收入和扣非归母净利润分别同比增长10.9%、133.4%，2026Q1分别同比增长8.4%、39.6%；H股42家创新药样本公司2025年收入和归母净利润分别同比增长7.5%、147.5%。从盈利能力看，销售费用率整体下降，反映行业从销售驱动逐步转向优质管线驱动；研发投入保持稳定，创新能力持续夯实。与此同时，海外BD加速落地，大额首付款有望在2026上半年陆续体现，进一步增厚收入、利润和现金储备，推动板块进入“降本增效+创新出海”双轮驱动阶段。 5月29日，百时美施贵宝宣布其CELMoD药物mezigdomide联合卡非佐米与地塞米松治疗复发或难治性多发性骨髓瘤的III期研究取得积极结果，中位无进展生存期分别为18个月和8.3个月（HR=0.48）；同日，恒瑞医药的URAT1抑制剂鲁诺诺雷片（SHR4640）获批上市，为首个国产URAT1抑制剂；5月27日，葛兰素史克的慢性乙肝小核酸药物贝普若韦生重新递交上市申请，为慢性乙肝首款完成III期研究的ASO疗法；同日，艾伯维的CD123ADC Decrupatum获FDA批准上市，用于治疗BPDCN，为全球首个获批的CD123ADC；同日，九科润嘉公布其in vivo CAR-T产品Arnov...

行业近况 本周（5月25日至5月29日）港口动力煤现货价环比上涨19元/吨，报收854元/吨。 供给端，本周环渤海四港区日均调入量209万吨，环比上周增加7.25万吨，增幅3.59%；本周产地供应较为稳定，部分地区矿井停产自查，港口供应量环比略有增加，整体产能释放有限。 需求端，本周环渤海四港区日均调出量193.4万吨，环比上周减少5.9万吨，降幅2.96%；日均锚地船舶共136艘，环比降幅19%；环渤海四港区库存端2856.10万吨，环比上周增加101万吨，增幅3.67%。本周港口库存有所累积，火电刚需稳步回升但终端采购偏谨慎。 我们分析认为：本周煤炭基本面呈现供给收缩、需求温和回暖格局，短期产地安检收紧对煤价形成有力支撑，市场交投偏谨慎；长期随着夏季用电旺季逐步临近，下游补库需求有望释放，预计煤价整体偏强震荡运行。 估值与建议： 依旧关注煤炭供需及库存变化；山西供给波动，下游需求稳步修复，行业盈利保持稳健，行情向主流煤企集中。传统板块估值修复充分，叠加部分题材标的处于高位，因此关注资金调仓动向，预期资金更青睐低估值动力煤/焦煤标的。 核心推荐动力煤弹性标的。弹性依次产地自西向东标的，且低估值标的：建议关注昊华能源，广汇能源。 风险提示：下游需求不及预期；保供力度强于预期，煤价大幅下跌。

投资要点： 电力：1-4月光伏新增装机同比回落火风新增正增长 国家能源局于近日发布1-4月全国电力工业统计数据：截至4月底，全国累计发电装机容量39.85亿千瓦，同比增长14.2%。其中，太阳能发电装机容量12.52亿千瓦，同比增长26.2%；风电装机容量6.61亿千瓦，同比增长22.0%。新增装机看，2026年1-4月全国新增装机106.24GW，同比下降24.4%；全国太阳能新增装机50.91GW，同比下降51.5%；全国风电新增装机21.26GW，同比增长6.5%。全国火电新增装机28.00GW，同比增长115.7%；核电新增装机3.62GW，去年同期无新增装机；水电新增装机2.45GW，同比下降7.5%。 具体而言：前4月光伏新增装机同比减半，抢装效应消退后装机回归常态。1-4月光伏新增装机大幅下滑或系2025年同期抢装高基数影响。预计全年新增装机较2025年有一定回落，但仍将保持较高绝对规模，重点关注下半年大基地项目投产进度。风电装机平稳增长，前4月新增同比小幅提升。月度装机看，2026年1-2月净增10.65GW（同比+16.5%），3月净增4.57GW（同比-17.6%），4月净增5.39GW（同比-7.4%），整体装机节奏健康。海上风电持续推进叠加陆上大基地项目陆续投产，全年风电新增装机有望保持增长态势。火电装机大幅增长，部分或为去年延期项目。 投资分析意见：1）低估值绿电运营商：推荐龙源电力（H）、大唐新能源、中广核新能源、新天绿色能源；2）具备成长性的火电运营商：推荐华润电力、华能国际（H）、国电电力、中国电力等；3）水电：推荐华能水电、长江电力、国投电力、川投能源；4）绿醇公司：推荐嘉泽新能、关注电投绿能等；5）算电协同：推荐韶能股份、新筑股份、涪陵电力；关注豫能控股、金开新能、甘肃能源、协鑫能科、晶科科技。6）资产整合方向：建议关注电投水电、电投产融、黔源电力等。 天然气：4月同比天然气产量微增进口量下降需求同比持续偏弱 2026年4月我国天然气产量同比增速环比放缓，进口量同比降幅环比扩大。2026年4月我国规上工业天然气产量同比增长1.9%，增速比3月份放缓1.1个百分点，伴随我国天然气增储上产持续推进，我国天然气生产平稳增长，占供应总量比重持续提升，对外依存度或持续降低。2026年4月我国天然气进口量同比减少12.9%，降幅比3月扩大2....

本期内容提要： 本周市场表现：本周钢铁板块下跌3.00%，表现劣于大盘；其中，特钢板块下跌5.14%，长材板块下跌0.48%，板材板块下跌1.80%；铁矿石板块下跌3.19%，钢铁耗材板块下跌5.78%，贸易流通板块下跌4.364%。 供给情况。截至5月29日，样本钢企高炉产能利用率90.4%，周环比增加0.07百分点。截至5月29日，样本钢企电炉产能利用率61.7%，周环比下降0.47百分点。截至5月29日，五大钢材品种产量766.0万吨，周环比增加3.14万吨，周环比增加0.41%。截至5月29日，日均铁水产量为241万吨，周环比增加0.19万吨，同比下降2.60万吨。 需求情况。截至5月29日，五大钢材品种消费量876.2万吨，周环比下降4.39万吨，周环比下降0.50%。截至5月29日，主流贸易商建筑用钢成交量8.9万吨，周环比下降0.06万吨，周环比下降0.63%。 库存情况。截至5月29日，五大钢材品种社会库存1128.1万吨，周环比增加0.94万吨，周环比增加0.08%，同比增加20.97%。截至5月29日，五大钢材品种厂内库存416.3万吨，周环比下降13.41万吨，周环比下降3.12%，同比下降3.87%。 钢材价格&利润。截至5月29日，普钢综合指数3538.0元/吨，周环比下降6.51元/吨，周环比下降0.18%，同比增加3.88%。截至5月29日，特钢综合指数6708.0元/吨，周环比增加27.61元/吨，周环比增加0.41%，同比增加0.99%。截至5月29日，螺纹钢高炉吨钢利润为99元/吨，周环比下降12.0元/吨，周环比下降10.81%。截至5月29日，建筑用钢电炉平电吨钢利润为-12元/吨，周环比下降5.0元/吨，周环比下降71.43%。 原燃料情况。截至5月29日，日照港澳洲粉矿现货价格指数（62%Fe）为762元/吨，周环比下跌7.0元/吨，周环比下跌0.91%。截至5月29日，京唐港主焦煤库提价为1810元/吨，周环比上涨70.0元/吨。截至5月29日，一级冶金焦出厂价格为1935元/吨，周环比增加55.0元/吨。截至5月29日，样本钢企焦炭库存可用天数为12.95天，周环比增加0.2天，同比增加1.2天。截至5月29日，样本钢企进口铁矿石平均可用天数为23.57天，周环比增加0.5天，同比增加1.2天。截至5月29日，样本独立...

Apple is giving Intel’s turnaround some momentum Taipei Times

Meta seems to be making big bets on AI-powered hardware.

Wondering how to invest in this AI-fueled power trend? Nvidia, Alphabet, Amazon, Apple and Isaac Newton offer guidelines.

Former England and Chelsea star arrested on M3 on Thursday under suspicion of driving while unfit through drugs Raheem Sterling has been made to feel “disposable” after a decade at the top of football, a source close to the former England star has said, after his arrest on suspicion of driving “whilst unfit through drugs”. The source said the former Man City and Chelsea winger, who is now playing for Feyenoord in the Netherlands, had been suffering from “immeasurable” psychological strain after an “extremely tough couple of years”. Continue reading...

Rangsarit Chaiyakun/iStock via Getty Images As a value investor, I rely mostly on fundamentals when evaluating a stock. However, that’s not to say that technical indicators don’t matter. When taken together, both fundamental and technical patters can contribute to meaningful buy/sell decisions. This brings me to ConocoPhillips ( COP ), which I last covered back in November 2025, highlighting its expanding LNG business and robust long-term growth prospects. Since then, COP has gone on to produce a 31% total return, which is triple the 10% rise in the S&P 500 ( SPY ) over the same timeframe. Since March, COP has seen peaks and valleys in the $114 to $130 price range. AT the current price of $113.98, COP again trades at valley with an appealing 11.6x forward P/E and a near-3% dividend yield, as shown below. COP Stock 1-Yr Trend (Seeking Alpha) In this article, I revisit COP including recent business results , and discuss why it’s an appealing ‘Buy’ after the recent pullback in price, so let’s dig in! Why COP? ConocoPhillips is a leading energy exploration and production company. It has a deep bench of oil and gas assets that meets growing global energy needs. It has diverse operations that cover the Lower 48 U.S., Alaska, Canada, Europe, Asia Pacific, Middle East and North Africa. COP’s portfolio includes both conventional and unconventional assets. This includes deep low-cost inventory in the Lower 48 along with long-life international assets. COP also has a growing LNG platform that contributes to durable free cash flow generation. COP delivered solid Q1 2026 results with total production of 2,309 MBOED, a decrease of 1% YoY when adjusted for acquisitions and dispositions. The slight decline was due to organic growth in the Lower 48 being more than offset by downtime. Downtime was driven conflict in the Middle East and the impact to Qatar, where COP has operations. At the same time, COP made meaningful progress on its Willow project in Alaska, which has achieved 50% ...

We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and NVIDIA Corporation (NASDAQ:NVDA) ranks 10th on this list. NVIDIA Corporation (NASDAQ:NVDA) has been a long-term holding in the 13F portfolio of Renaissance Technologies. The fund first disclosed a stake in the firm back in the first quarter of […]

NVIDIA Corporation (NVDA): Renaissance Technologies Is Bullish on This Stock Yahoo Finance

格隆汇5月30日｜黎巴嫩总理：与以色列谈判是黎巴嫩付出的代价最低的选择。

Viking Holdings Ltd (ZG8.F) 最新股票消息和頭條新聞 Yahoo 財經

Key PointsFortinet consistently reports higher total revenue than CrowdStrike throughout the observed periods.

Russia’s Shnaider played in Gazprom-funded event Oliynykova lost 7-5, 6-1 to Shnaider in French Open Oleksandra Oliynykova has called for Diana Shnaider to face sanctions for her participation in a Gazprom-funded exhibition in Russia and the Ukrainian criticised the sport’s “hypocritical” governing bodies after her 7-5, 6-1 defeat by her Russian opponent. “She doesn’t want to comment on the war, because if she says her opinion, it would be a very big scandal, but I showed you the proof,” Oliynykova said. “I want to stop the tour being so hypocritical by pretending they cannot do anything, because they have the mechanism. Continue reading...

We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Apple Inc. (NASDAQ:AAPL) ranks 3rd on this list. Apple Inc. (NASDAQ:AAPL) has featured intermittently in the 13F portfolio of Renaissance Technologies. The fund first disclosed a stake in the company back in the fourth quarter of 2010. This […]

Apple Inc. (AAPL): Renaissance Technologies Opens New Position Yahoo Finance

We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Palantir Technologies Inc. (NASDAQ:PLTR) ranks 2nd on this list. Palantir Technologies Inc. (NASDAQ:PLTR) is a relatively recent addition to the 13F portfolio of Renaissance Technologies. The fund first disclosed a stake in the company back in the second […]

Palantir Technologies Inc. (PLTR): Renaissance Technologies Continues Trimming Stake Yahoo Finance

SPXL260618C00240000 互動股市圖表 | SPXL Jun 2026 240.000 call 股市 Yahoo 財經

格隆汇5月30日｜根据美国汽车协会数据，美国全国汽油当天平均零售价为每加仑4.35美元，较前一日下降4美分，较一周前下降17美分，仍较伊朗战事前水平高出46%。据悉，美以伊冲突导致全球油价上涨，霍尔木兹海峡通行受阻以及能源设施暂停生产进一步加剧了市场供应担忧。自冲突爆发以来，美国消费者加油成本明显上升。

Zscaler shares took a hit on a weak outlook and the loss of two sales executives.

Key PointsWhile Zscaler turned in solid fiscal Q3 results, a conservative outlook sank its shares.

The 2021 bull run created more than 150,000 crypto millionaires. By mid-2025, that number had risen to 241,700, a 40% jump in a single year, with Bitcoin (CRYPTO: BTC) alone accounting for over 145,000 of them. Bitcoin is trading around $73,500 today, Solana (CRYPTO: SOL) hovers near $82, XRP (CRYPTO: XRP) around $1.34, and Ethereum ... Which Crypto Will Make the Most Millionaires This Cycle?

The Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) closed at around $34, capping a roughly 25% gain over the trailing twelve months and a roughly 5% advance in the past month alone. That rally has occurred against an uncomfortable backdrop: the 10-year Treasury yield just touched nearly 4.7%, the highest reading in the past year. For ... The 10-Year Treasury Yield Approaching 5% Could Reshape SCHG’s Next 12 Months

CS3BD.BA 互動股市圖表 | 股市 Yahoo 財經

Pop culture fans packed the inaugural Hong Kong edition of Comic Con, an exhibition featuring international and local animated figures and products, fuelling hopes among digital entertainment vendors that business will be strong over the three-day event that ends on Sunday. Giant statues of characters from Japanese hits such as Dragon Ball and One Piece dominated the crowded show floor at the Convention and Exhibition Centre on Saturday. Hollywood stars Mads Mikkelsen, Giancarlo Esposito and...

Mykhailo Shorokhov/iStock via Getty Images I wanted to take a look at The Clorox Company ( CLX ) to see why the company’s shares have been underperforming for a while now and whether it would be a good time to get in. The company is struggling to grow its top line, but the management is doing a good job of streamlining operations; however, this is not enough to keep the investors satisfied. The Financials Looking at the company’s top-line growth, or lack thereof, we can see that the downtrend has been persistent. This is not a good look for a company that’s been a staple name for many households. It seems that the company’s products, of which there are quite a few, are not selling as well as they used to. Seeking Alpha The latest quarter’s performance showed a bit of the same. Sales for the quarter came in flat, and for the nine months ended March 31st, sales are down around 7% y/y. Organic sales were down, as flat reported sales masked the impact of FX and mix. Taking a look at the company’s profitability and efficiency over the same time period, we can see a typical pattern for a mature company like Clorox. It has had a lot of time to improve its operations from being around for so long, so I am not surprised to see profitability rising in the last three years across the board. Seeking Alpha The latest quarter showed some declines in gross margins due to higher manufacturing and logistics costs, as well as an unfavorable mix. Gross margins declined by 140 bps for the latest quarter. Nevertheless, a one-quarter hiccup is not going to undo all the streamlining efforts the management has done over the past few years. Looking at other important efficiency metrics, we can see that CLX’s return on assets and return on total capital are quite impressive, especially ROTC, which is well above my minimum of 10%. What is not actually useful here is the company’s ROE, which apparently is over 500%, and that is because its equity line on the balance sheet just turned positive ...

格隆汇5月30日｜黎巴嫩总理：以色列正在袭击当地历史古迹，其中部分古迹属于世界遗产，此举侵犯了黎巴嫩主权与领土完整。