名称                             机构        

板块

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                                                                                                                                                                                                                                                                         证券                 苏宁电器

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                                                                                                                                                                                                                                                                                 买入                

                                                                                                                                                                                                                                                                         证券                 宏源证券

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                                                                                                                                                                                                                                                                                 中性                

                                                                                                                                                                                                                                                                                             证券                 中国石油

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                                                                                                                                                                                                                                                                                 谨慎                

零售	政策扶持和估值偏低成为零售行业上行的驱动剂，未来有持续走高潜力。	4月份部分企业销售反弹、五一节行业普遍的销售增速加快均表明零售板块的投资契机已由“复苏预期增强”转向了“复苏趋势日益明确”。目前部分百货公司股估值较低，估值水平有望提升。	渤海	南京新百 业
证券	前期创业板规则发布驱动了证券业股价走高，后市有继续上扬的潜力。	创业板开启在即，证券公司的经纪、投行、直投业务将由此受益。根据创业板启动对直投业务的贡献强于经纪、投行，且前者是后者基础上增量的逻辑来看，优先推荐拥有直投业务的券商及参股公司。	招商	长江证券 业
石化	经过短暂调整后，成品油价格向上调整预期再度推动石化股上扬。	成品油价格上调时间和频率可能超出预期，国际油价在80美元/桶以下时，预计成品油定价机制将得到很好的执行，炼油业务将能获取稳定的利润，对石化行业是长期利好。	上海	中国石化 业