盈選報告 | 重要底部在4月底基本形成，關注智能汽車、銅板塊
市場策略
▍興業證券首席分析師張憶東表示，“美股的強勢可能在今年至少二季度三季度還會延續，因爲它是符合經濟學，特別是西方經濟學的規律的。今年股市的主旋律是盈利驅動。”
“短期有些攔路虎，包括，長債利率的上行、通脹、美元反彈，以及美國聯儲官員對於貨幣政策措辭的一些微調，這些其實都是影響風險偏好，但是，不影響資金面寬鬆的格局，也不影響到企業盈利。”
“二季度是黃金坑，現在要考慮的不是割什麼肉，而是要考慮到未來機會、性價比更好的地方在哪裏。今年重要的底部4月底基本形成。”
“港股的未來方向是民企，是新經濟，是互聯網，是可新消費，是生物醫藥，這是它的魅力之所在。”
▍中信證券表示，美聯儲4月議息會議繼續維持偏鴿的政策基調。該行認爲當前的經濟數據不足以支持美聯儲邊際收緊，Tapering信號釋放的時點最早或在下半年。維持“美債收益率上行趨緩，美元指數Q2-Q3趨弱”的判斷。
熱點機會
▍ 智能汽車行業：
中信證券表示，綜合在線C端流量看，華爲的全面入局再次引爆了市場對於國產自動駕駛產品的關注，其中北汽與長城的增量邊際收益最爲顯著。隨着華爲入局，國產整車的智駕模塊核心競爭力有望獲得大幅提升，結合用戶心智數據和銷量增長趨勢，建議關注國內主流民營車廠如北汽、長城、吉利和比亞迪的潛在超預期成長，同時繼續建議關注造車新勢力——蔚來、理想與小鵬的快速成長。
▍銅板塊：
花旗分析師馬克斯·萊頓表示，近期銅價的上漲反映出冠狀病毒引起的供需失衡，這可能導致今年精煉金屬庫存減少50萬噸。萊頓說：“銅超級週期的‘超級’部分目前正在全面展開，反映出中國強勁的週期性反彈，以及美國和歐洲異常迅速的金屬密集型反彈。”他認爲銅可能在今年晚些時候觸及每噸12，000美元。 “我們處於非常罕見的時期。”
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