Yesterday morning, the major indexes once fell sharply, and the gem index fell by more than 4%. In the afternoon, the market rebounded. The abnormal rise of financial stocks such as securities companies drove the Shanghai stock index to turn red. Then the large infrastructure sector strengthened again, and the sector lifted the limit tide, driving the index to rebound further. In terms of sectors, tourism, coal, education, insurance, prefabricated construction and other sectors led the increase, while cro, semiconductor, lithium battery, power equipment and other sectors led the decline. Northbound funds sold a net 817 million yuan throughout the day, including 2.113 billion yuan for Shanghai Stock connect and 2.93 billion yuan for Shenzhen Stock connect.
The three major US stock indexes closed higher overnight. The Dow closed up 1.06%, the NASDAQ closed up 1.28% and the S & P 500 index closed up 0.84%. Nonferrous Metals and steel sectors led the rise sharply, with century aluminum up nearly 12%, Alcoa up 9.7% and American steel up 4.5%. Most technology stocks rose, with apple up nearly 2%, Amazon up more than 2% and Facebook down more than 2%. Oil and gas stocks fell, with Schlumberger down 3.1% and Western oil down 4%. The performance of zhonggai shares was eye-catching, pinduoduo rose 13%, and Baishi group rose nearly 14%.
At today’s morning meeting of securities companies, Founder Securities Co.Ltd(601901) believes that the current market adjustment range has been sufficient and firmly optimistic about the market opportunity in February; Soochow Securities Co.Ltd(601555) it is suggested to pay attention to the underestimation, intelligent driving, industrial interconnection and other prosperity directions; China Securities Co.Ltd(601066) believes that Baijiu spring sales are stable landing, and the coke market is watching.
Founder Securities Co.Ltd(601901) : firmly optimistic about the market opportunity in February
Founder Securities Co.Ltd(601901) believes that the market fell sharply in January due to concerns about the tightening of liquidity caused by the Fed’s interest rate hike. However, the current adjustment of the A-share market is coming to an end, and the market situation in February is worth looking forward to. On the one hand, the current market adjustment range has been relatively sufficient; On the other hand, the Fed’s interest rate hike will not necessarily lead to the rise of China’s interest rate. The current market liquidity and policy environment are very friendly to the market. In the context of relatively abundant and friendly liquidity environment, low overall market valuation and the industrial logic of the zugra cycle of emerging industries, we are optimistic about the market performance of science and technology growth companies represented by new energy and TMT.
Soochow Securities Co.Ltd(601555) : focus on undervalued values, smart driving, industrial interconnection and other business directions
Soochow Securities Co.Ltd(601555) pointed out that affected by overseas uncertain factors, the gem refers to the reproduction of irrational killing. The direction of killing is mainly concentrated in new energy, CXO and other tracks with global leading advantages. On the one hand, the early increase is large and the valuation is at a high level. On the other hand, the over allocation of Chinese institutions leads to the overcrowding of some tracks. In the short term, the stability of the gem index mainly depends on the relevant weights, but there is no systemic risk in the market. Under the loose and friendly liquidity environment in China, the valuations of some industries are at historically low levels, so we have to wait patiently for the stability of the market.
In terms of operation, it is suggested to pay attention to the undervalued sectors of consumption and new and old infrastructure, and the growth direction. We can focus on the boom directions such as intelligent driving and industrial interconnection under the “specialization and innovation”, and try to achieve a balanced allocation of value and growth in positions. In addition, we should pay attention to the value allocation opportunities of Hong Kong stocks.
China Securities Co.Ltd(601066) : Baijiu spring sales fell smoothly, and the coke market watched later.
China Securities Co.Ltd(601066) believes that in the long run, four factors have contributed to the weakening of Baijiu cycle and the enhancement of industrial chain toughness since 2012. 1) Baijiu liquor has been greatly reduced by three official business expenses. 2) The market share of leading enterprises has increased significantly, leading the industry to optimize management and benign competition. 3) After the survival of the fittest, the anti risk ability of the channel is improved, the inventory level is low, and the risk of selling goods is reduced.
In the short term, the smooth landing of mobile sales during the Spring Festival dispels the pessimistic expectations of some investors. In the later stage, the market focus will gradually turn to the price increase and conduction landing, and pay attention to the progress of wine enterprises in controlling goods and supporting prices, especially the price rating performance of Wulu. With the steady growth measures introduced after the Spring Festival, the prosperity of Baijiu liquor continues. The payment collection of leading liquor enterprises is generally stable, and the payment collection progress of some enterprises is better than that of the same period last year. The mobile sales of Spring Festival are less affected by the epidemic. After the stable implementation, the annual performance of leading enterprises is improved. Considering the continuous improvement of the comprehensive competitiveness of famous and high-quality liquor enterprises, the current high-end and sub high-end leading values have a margin of safety, and the future market is waiting for coke.
