Tianding Securities: continue to focus on “counting from the east to the west”, new energy and semiconductor, and grasp the opportunity of high-low switching

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I. Market Review

Yesterday, the three major indexes rose sharply, and the market ushered in the recovery of sentiment as scheduled. The track sector rebounded more obviously yesterday.

II. Yesterday was a large-scale emotional recovery day after the second bottom of the gem index. It is inevitable that there will be some fluctuations after the index continues to rise today.

III. today’s information

1) [RMB appreciation] on February 23, the offshore RMB exchange rate against the US dollar continued to rise close to 6.30, with an appreciation of nearly 150 points within a day, a new high since April 2018; The short-term hedge of RMB appreciation against the impact of the Fed’s interest rate hike is positive.

2) [Vocational Education] on February 23, the Ministry of education will support the upgrading of national high-quality vocational colleges to undergraduate courses.

3) [US stocks] the US NASDAQ closed down 2.57% overnight, and technology stocks generally fell.

Investment strategy: due to the recent changes of the high boom track, pay attention to the low-level opportunities under the high-low switching of the market. It is suggested to continue to focus on “counting from the east to the west”, new energy, semiconductors and other varieties; Among them, the benchmark stocks of Eastern digital and Western computing continued to open the market to make money and focus on Nuggets investment opportunities.

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