The new year’s market not only did not have the expected good start, but the index fluctuated widely, and the Hang Seng Index and gem index fell. Although individual stocks are better than the index, track stocks such as bullish new energy collapsed and weakened in 2021, and the newly active plates such as traditional Chinese medicine, prefabricated dishes and virtual digital people changed their ups and downs quickly. “Today’s limit list, tomorrow’s decline list”, which is more difficult to operate. During this period of time, investors may have to firmly grasp the characteristics and direction of market rotation, do a good job in hot spot switching in time, don\’t do the opposite, and focus on the following directions.
Switch in the direction of underestimation. Stock investment is similar to physical investment. Look for those with undervalued value and stay away from those with high valuation. Recently, the market hot spots have been frequently switched, and so is the basic routine. In the final analysis, why some new energy and pharmaceutical stocks have been significantly adjusted is that they have risen more, the risk has risen, the people who catch up with the high are afraid, there is no capital to continue to follow up, and the stock has only one way to fall. For example, the rise and fall of cro of traditional Chinese medicine is the repair of the low valuation of traditional Chinese medicine for a long time in recent years. Beijing Tongrentang Co.Ltd(600085) has been adjusted for many years and has only recently been elated. Old blue chip stocks such as China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Hubei Jumpcan Pharmaceutical Co.Ltd(600566) , Tasly Pharmaceutical Group Co.Ltd(600535) have rarely performed in the past two years. The cro sector of the ten times stock concentration camp fell sharply. Looking at the P / E ratio of dozens, hundreds or even hundreds of times, we know that the valuation is too high. If there are any negative rumors, we want to escape. During the adjustment period, the banking, insurance, real estate, household appliances and other sectors and a number of low-cost stocks can stand up. The big reason is that the valuation is low, the price is low, and there is not much capital for speculation. Hot money is easy to pull up. Retail investors are not as pressured as high-priced stocks, which is easy to form a joint force of speculation. From this point of view, valuation is the most important indicator to study the possible hot spot switching in the future market. We must turn from rising more to rising less. If the short-term increase exceeds 30% or 50%, we don’t have to catch up. It is important to turn from highly valued votes to low valuation tickets, and a good stock bubble will hurt too much, which is the important logic of taking the bull at low price, low price earnings ratio and low market capitalization.
Switch to individual stocks surprised by the performance forecast. It is a common practice for A-Shares to fry the annual report market from January. A number of stocks with significant growth in annual report forecasts such as Lier Chemical Co.Ltd(002258) , Focus Media Information Technology Co.Ltd(002027) , By-Health Co.Ltd(300146) , Naipu Mining Machinery Co.Ltd(300818) are obviously sought after by funds. You can predict the annual report from the performance trend of the first three quarterly reports in 2021 and switch to individual stocks with surprising performance in time. The author believes that it should include the following aspects: the industry prosperity in 2021, and those with high shortage can be optimistic. Whether the price of main products has been adjusted since the second half of 2021. If the price is increased, it is worth paying attention to. In 2021, the rise in the prices of resources, primary products and chips brought round after round of market. By the end of the year, the rise in the prices of various food and beverage products also brought about a restorative market in the stock prices of relevant sectors. The recent rise in the prices of traditional Chinese Medicine and related drugs still gave birth to a wave of sharp rise. However, the product price adjustment must analyze the benefits, and there is no absolute correspondence. If the loss is reversed or the profit figure is not large, no matter how large the increase is, it is of no value. The goodwill of listed companies. If the value of goodwill is too large, we should be vigilant against the thunder explosion of listed companies; Look at the rise of stock price. If the stock price has reflected the improvement of performance in advance, pre joy is likely to become an opportunity to see light and die. In short, we should also have more eyes for pre happiness, and we can’t see more blindly.
Switch to the recovery industry with improved epidemic situation. Covid-19 pneumonia is the most uncertain factor affecting the economy and capital market. Despite the recent rebound of the local epidemic in Xi’an and other places and the further spread of Omicron virus in many western countries, studies in many countries have found that the severe rate and mortality of patients with covid-19 pneumonia infected with Omicron virus strain are significantly lower than those infected with delta virus pneumonia, and studies in the UK have found that the risk of severe hospitalization should be reduced by 40%, The ability to invade the lungs was significantly weakened. This means that there are new changes in the development of the epidemic situation. With the successful development of specific therapeutic drugs and more effective vaccines, covid-19 is likely to develop towards influenza. In that way, the previously benefited testing, reagent, protection and even vaccine industries may return to normal growth, and the airlines, airports, hotels, tourism, cultural performances, entertainment, films Export and other industries may usher in restorative growth, and industries with reversed difficulties will have the opportunity to repair value. It does not rule out a wave of speculation in the market. Therefore, investors should pay close attention to the changes of the epidemic situation and the stock trend of relevant sectors. Once there is a change, they can not hesitate to intervene and strive for a better harvest. The recent market adjustment, the relatively strong stock prices of tourism hotels, cultural media, film and television and Shanghai International Airport Co.Ltd(600009) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Beijing Enlight Media Co.Ltd(300251) reflect this expectation.
Switch to companies with rich stories. Most of the time, the capital market is dominated by the story, so the truth of the story is not important. It is important that the story is believed and followed by a new story. Whether it is the core assets in 2020, new energy in 2021 and the meta universe since the new year, or the combination of Mao index and Ning, the story is not over and the market does not end. I didn’t believe the story. I was afraid of the stock price speculation, so I jumped out of the old story to find a new one. What new stories there will be in 2022, especially whether there are big stories, depends on the main force to dig, but also on investors to believe. In recent days, the old story of Yuan universe seems to continue. The traditional Chinese medicine plate is a relatively new story. The virtual digital man is a new story. Is the concept of prefabricated dishes a story to be made after the Chinese new year? There are also old stories such as digital currency and restructuring. Behind every trading stock, you can tell a lot of stories, believe it or not. Look at Jianmin Pharmaceutical Group Co.Ltd(600976) , Kunming Longjin Pharmaceutical Co.Ltd(002750) , Hubei Radio & Television Information Network Co.Ltd(000665) , Bluefocus Intelligent Communications Group Co.Ltd(300058) , Silkroad Visual Technology Co.Ltd(300556) , Beijing Egova Co.Ltd(300075) , Springsnow Food Group Co.Ltd(605567) , Hangzhou Anysoft Information Technology Co.Ltd(300571) , Guizhou Wire Rope Co.Ltd(600992) and other stocks with good recent trends. Isn’t there a lot of stories behind which? Of course, some of the stories are true and some are false. Some are short-term stories, some are long-term stories. Some have their own stories, and some are likely to rub other people’s stories. Investors must not only open their eyes, but also leave before the end of the story to find another story. Don’t paralyze yourself with a story, so there will be an accident in stock speculation. In the past few days, the stories of new energy, photovoltaic equipment, lithium extraction from Salt Lake, cro and so on have come to an end. Individual stocks are constantly falling by the limit, which is also very harmful.
Switch to areas benefiting from steady growth. Affected by the epidemic, all parties are generally cautious in the face of economic growth in 2022, and it is also difficult for the capital market to stay out. Many enterprises are worried that the cold winter season may come. Therefore, stock selection in 2022 should first focus on stable industries and companies that will not have major problems. Considering the policy requirements of steady growth, we can make some efforts in expanding effective investment and promoting consumption to see if there are companies that are undervalued, competitive and flexible to invest? Focus on the core asset enterprises in the field of large consumption, enterprises with strong pulling power in traditional infrastructure and new infrastructure, high-tech enterprises supported by national policies, and leading enterprises in the field of advanced manufacturing. Pay special attention to valuation when selecting stocks. It is best to find companies that have not been fried in 2021, such as Inner Mongolia Yili Industrial Group Co.Ltd(600887) , Anhui Conch Cement Company Limited(600585) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Shanghai International Airport Co.Ltd(600009) , Semiconductor Manufacturing International Corporation(688981) , Yihai Kerry Arawana Holdings Co.Ltd(300999) .
