Morningstar策略师对科技巨头转空，但仍看好部分股票

金融界10-01

过去一年，科技股经历了显著的波动，投资者对该板块的关注持续增加。然而，Morningstar的首席策略师对该行业持减持立场，并避开了多家科技巨头的股票。Morningstar的美国市场策略师David Sekera表示：“科技行业本身的定价已经达到完美的程度。”Sekera在9月27日告诉CNBC的《Street Signs Asia》栏目，科技股现在的交易价格比合理价值高出6%，他认为从整个行业...

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Sekera表示：“科技行业本身的定价已经达到完美的程度。”Sekera在9月27日告诉CNBC的《Street Signs Asia》栏目，科技股现在的交易价格比合理价值高出6%，他认为从整个行业...</p>\n\n<a href=\"https://usstock.jrj.com.cn/2024/10/01115543697072.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1435385759.SGD","symbol_name":"Natixis Loomis Sayles US Growth Equity RA SGD-H","start_time":0,"source_url":"https://usstock.jrj.com.cn/2024/10/01115543697072.shtml","article_id":"2472731604","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472731604","pubTimestamp":1727754903,"columns":[],"sourceInfo":{"source_id":"jinrongjie_highlight","name":"金融界"},"weMediaInfo":null,"summary":"然而，Morningstar的首席策略师对该行业持减持立场，并避开了多家科技巨头的股票。Morningstar的美国市场策略师David 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stocks","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9,"IBM":0.9,"ORCL":0.8,"BIDU":0.7,"TCEHY":0.7,"PDD":0.7,"JD":0.7},"content_text":"过去一年，科技股经历了显著的波动，投资者对该板块的关注持续增加。然而，Morningstar的首席策略师对该行业持减持立场，并避开了多家科技巨头的股票。Morningstar的美国市场策略师David Sekera表示：“科技行业本身的定价已经达到完美的程度。”Sekera在9月27日告诉CNBC的《Street Signs Asia》栏目，科技股现在的交易价格比合理价值高出6%，他认为从整个行业的角度来看，已经进入一个“整体被高估”的领域。这一立场与他在今年早些时候对科技股，特别是中小市值股的乐观态度形成了鲜明对比。尽管最近美国股市表现强劲，尤其是关键科技公司表现亮眼，加上稳健的经济指标共同提升了整体市场情绪，Sekera仍对科技股保持谨慎态度。被高估的股票目前，Sekera避开了备受瞩目的苹果、甲骨文和IBM等公司，因为这些公司的估值“上涨得太快了”，他说。Morningstar对苹果的评级为两星。该公司对股票的评级为一到五星，五星表示股票被低估。“我们对他们的AI发布并没有特别感到印象深刻，”Sekera解释道。“我们看到苹果在中国的销售表现相对疲软，iPhone 16的购买需求可能也较为缓慢。所以这是一个我们认为是获利了结的合适时机，”他补充道。关于甲骨文，Sekera认为市场“高估了他们云业务的长期增长。”该股票在Morningstar的评级仅为一星。该公司对甲骨文的谨慎立场与其他资深行业观察者的乐观态度形成了对比。甲骨文最近将其2026财年的收入预期上调至至少660亿美元，高于LSEG分析师预计的645亿美元。Morningstar担心甲骨文“随着时间的推移将失去市场份额”，Sekera解释道。甲骨文是另一家“被AI题材带动，估值过高”的公司，他补充道。至于IBM，Sekera指出，“它的许多业务在过去十年里逐渐衰退。”Morningstar对该股的评级也是一星。即使IBM的第二季度收益超过了华尔街的预期，Sekera依然持悲观态度。该公司提供硬件、软件和咨询服务，预计2024年的自由现金流将超过120亿美元。“是的，人工智能在某种程度上会为IBM带来一些好处，但我们认为这里的AI收益不足以弥补其他业务的下滑，”Sekera解释道。“火力全开”然而，Sekera仍然看好微软这一家科技巨头。“我建议从那些高估值的公司，比如苹果、甲骨文、IBM，转换到像微软这样目前依然表现出色的公司，”他说。“微软的各项业务表现都非常好……尤其是它的云业务在下半年加速增长。”Morningstar对微软的评级为四星。在市场的其他方面，Sekera密切关注“被低估”的美国存托凭证（ADRs）。这些包括中国科技巨头百度、拼多多、京东、腾讯和百胜中国。Morningstar对百度和百胜中国的评级为五星，对拼多多和京东的评级为四星。\n\n\r\n            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