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The desk research, the way the analysts wrote it. 分析师原文研报，原汁原味呈现。

Showing the latest saved institutional reports.Refreshing the latest institutional reports. New buy-side and sell-side desk reports land here hourly — read the ones that touch what you hold. 正在显示最近保存的机构研报。正在刷新最新机构研报。买方与卖方研究每小时更新至此 —— 挑与你持仓相关的读。

The research the desks write for their clients — now on yours. 机构写给客户的研报 —— 现在也在你手中。
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Refreshing the latest reports…正在刷新最新研报…
J.P. MorganSELL

JPM US Market Intelligence | Morning Briefing: Futs higher with AI Infra boosting Tech; Thoughts into CPI; CPI Scenario Analysis

  • **CPI Data & Fed Policy Catalyst**: Core CPI MoM +0.22% (2.5% YoY) critical for September Fed hike assessment; SPX sensitivity shows >0.30% MoM → 1.5-2.5% decline, <0.15% MoY → 1-2% gain.
  • **Earnings Momentum & AI Impact**: 80% S&P 500 companies growing earnings; blended EPS beat 29.2% (vs.
  • 7% 5-yr avg), AI driving 180bp avg margin gains (25 firms).
  • **Geopolitical Risk Events**: US-China AI talks (Sep), Trump-Xi trade truce expiry (Nov 1), and US midterms (Nov 3) introduce policy uncertainty and volatility.
Aug 12, 2026 · 10:11 UTC
J.P. MorganSELL

JPM Europe Equity Research Today’s Morning Meeting

  • **European Staples Momentum**: 15/21 companies beat Q2 organic sales (volumes-driven), with top picks ABi, BN, ULVR, GIVN, KERRY; EMs drive results but insufficient for re-rating.
  • **Ocado Valuation Catalyst**: Target raised to 290p (FY27 cash flow positive) on improving execution and deal flow (CFC/SBA solutions).
  • **Diageo EPS Growth**: FY27 EPS raised 7% post-new MT guide, signaling fundamental growth catalyst in consumer staples.
  • **Fresnillo Sentiment Risk**: YTD de-rating despite improving projects indicates sentiment-driven risk; monitor project execution/cash flow.
Aug 12, 2026 · 10:06 UTC
S&TSELL

GS Shawn Tuteja framework and AI

  • **EPS Beat Momentum & Tech Sector Lag**: 64% of S&P 500 beat Q2 EPS (record high), lifting 2027 EPS by 2%, yet tech lagged SPX by 99bps post-beats, signaling technical underperformance despite strong fundamentals.
  • **Fed "Win-Win" Shift & Record SPX Calls**: Equity clients shifted from rate hike fears to dovish hikes/no hikes in September FOMC; 4mm SPX calls traded (largest in history), reflecting tight range pricing and August de-risking.
  • **AI Sector Fundamental Shift**: "Bottleneck trade" (CY27 capex clarity), "inference economy" (SNOW, DDOG, PLTR), and memory stability focus emerging, with optical networking (+32%) and data centers (+17%) outperforming memory (-41% drawdown).
  • **US Leveraged ETF Flow Surge**: US semis levered ETF AUM surged to $99.4B (Aug 2025), up from $53.6B (Sep 2023), indicating massive capital inflows into levered products amid sector rebound.
Aug 12, 2026 · 03:04 UTC

1004 more institutional reports还有 1004 篇机构研报

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Not investment advice. The Research Vault hosts third-party institutional research for reference and education. Highlighted reports are chosen for the quality of their argument, not as recommendations to buy or sell. Documents are provided by their authors; ratings and views are the authors', not ours. Access is metered and every download is watermarked — not for redistribution. 非投资建议。研报库仅收录第三方机构研究，供参考与学习之用。精选报告因其论证质量入选，并非买卖建议。文档由作者提供，其中评级与观点均属作者本人，与本平台无关。访问受配额限制，下载均加水印 —— 不得转发。

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