This week, institutional differences have increased significantly. Some brokers are optimistic about the rebound of cyclical stocks, and some brokers believe that the growth stocks will be even better. Yesterday, the GEM fell 2.25%, and today continues to explore.
Greedy Pig Finance believes that pessimistic expectations are repaired, and cyclical stocks will regain their favorable opportunity, and in turn recommend recommended iron and steel, cement, papermaking, and electrolytic aluminum that match performance to be released.
Demand remains resilient, with September economic data released next week. First, PMI hit a new high in 12 years; its second and September generation coal consumption increased by 24.33% year-on-year, which is the second highest since today; Third, production end, average daily crude steel output remained above 2.3 million tons, and the growth rate in the later It also rebounded to 5.5%.
Restricted supply of environmental protection products, most of the local documentary rules exceeded expectations. Of particular concern this week is that Tangshan City issued a notice to limit production time from November 15, 2017 to 00:00, October 12, 2017; at the same time, Shandong Binzhou also issued documents to limit production in some industries to advance to October 1. day.
Cycle prices rebounded, and pessimistic expectations were gradually restored. In the past month, under the influence of the sluggish economic data in August and the fall in futures, the cyclical stocks again appeared pessimistic expectations similar to those in April.
With the recent rebound in spot prices for steel, cement, paper and aluminum, the pessimistic expectation of the previous transition began to gradually recover, and the release of steel, cement, paper, and electrolytic aluminum with performance matching and valuation were recommended in turn.
In addition, Greedy Pig Financial pointed out that if it continues to be optimistic about the opportunities in the environmental protection industry, it should be vigilant to become a potential industry for Q4 reversal.
We believe that the growth style continues to dominate, and an important change in the characteristics of the recent market is the passivation reflected in the price cycle.