Cycle stocks have a chance to overshoot and rebound
On October 18, the two cities opened slightly higher, and the Shanghai Composite Index oscillated throughout the day in a narrow range. Half a day before the ChiNext’s close, it suddenly fell sharply and fell by nearly 0.5% throughout the day. On the board, housing leasing, beautiful China, healthy China and other sectors topped the list. Environmental protection and gardens also performed well throughout the day. The sub-new stocks, steel and 5G sectors topped the decline.
Sun Xiuxiang, senior investment advisor of Hengtai Securities's head account account, said that the final package of the broader market was closed today. Thanks to the support of heavyweights such as insurance, banking, petroleum and petrochemicals. Of course, gardens and environmental protection also led the broader market at one time. In the afternoon, they retreated more often than not, and only the garden sector was sticking to the end.
Today, the plate rotation in the sector is still relatively fast. Many industries covered by the conference report have taken the opportunity to perform. The garden plate is the beneficiary of ecological civilization construction. Jinshan Yinshan is not as green as Castle Peak. Follow-up social development plans always emphasize the importance of the ecological environment. Therefore, the gardening and environmental protection section has a long way to go, and there are still opportunities for repeated activities. Of course, there are repeated opportunities for active development in key industry sectors covered by other conference reports. In the end, it is necessary to follow the rhythm of the sector's rotation and dig deep into the quality concept stocks of the sector. Bargaining layout, repeated band operation, there will be more opportunities for excess earnings.
Tracking hotspots in the sector is not aimed at predicting ups and downs in the sector, but rather selecting sustainable hot topics that are recognized by the market, focusing on research and analysis, and digging out opportunities for individual stocks with excellent performance. Today's cyclical industry has the largest decline, and the short-term decline is relatively large. The profitability of the industry has not fallen sharply, and there may be oversold or rebound opportunities at any time.