公开研究报告

ServiceNow, Inc.

NOWNYSE

减持

Reduce ServiceNow to Underweight — trim 25–50% into $100–104 resistance, hold reduced core, do not add until margin and FCF stabilize.

Dell Technologies Inc.

DELLNYSE

减持

Underweight DELL: trim to a monitored core and require both technical and cash-flow confirmation before rebuilding exposure.

Johnson & Johnson

JNJNYSE

减持

Trim JNJ into $263-$267 strength and maintain a 60%-70% core position rather than chase the rally.

Alibaba Group Holding Limited Sponsored ADR

BABANYSE

减持

Underweight BABA: trim rebounds, make no new purchase, and cap any existing monitoring stake at 0.25% of portfolio value.

AT&T Inc.

TNYSE

减持

Underweight T: sell into strength near $25.25 and retain only a 50%–65% core position pending cash-flow and trend confirmation.

Digital Realty Trust, Inc.

DLRNYSE

减持

对DLR执行低配减持而非清仓，将持仓降至基准权重的45%—60%，当前不追高。

JP Morgan Chase & Co.

JPMNYSE

持有

维持JPM现有持仓，当前$353附近不加仓不减持；等待回调至50日均线（~$322）且Stoch.K回落至50以下、ADX回升至20以上后，方可将评级升级为Overweight并分批加仓。