Industry intelligence stationThe photovoltaic industry has received a number of policy support, and social security favors the chemical industry.
See morePretty "50" will lead the market to continue to rise
Essence Securities Zhang Deliang: A-share "beautiful 50" enters the valuation premium period
At present, the A-share “beautiful 50”, which has been strong for more than a year, has gradually entered the valuation premium period and is supporting the overall market. This strength is expected to continue.
At present, the fundamental factors supporting the vitality of the stock market are not some macro data in the short to medium term, but the general direction of economic development. The development of China's economy has stood at a new starting point. In this context, the direction of stock market investment has been quite clear, generally in three directions.
First, the field of consumption upgrading, focusing on brand consumption, as well as pensionInsuranceWith health services, cultural entertainment. Second, the manufacturing industry is developing towards the middle and high end. The first is the basic industry, which supports the transformation and upgrading of traditional manufacturing, such as electric vehicles (EV), decisively intelligent manufacturing (AI), high-end manufacturing (high-speed rail, nuclear power, aviation). The third is environmental governance under ecological civilization. Key areas include environmental protection, urban operations, and featured towns. Specific to the investment variety, it is focused on "beautiful 50" and new blue chips, which is a listed company that continues to win and become an industry leader in the process of transformation or upgrading of new industries or traditional industries.
The E-share “beautiful 50” innovation high echelon remains intact, but from the valuation level, the leading stocks PE, PB and other indicators have gradually become pressure. At present, the dynamic P/E ratio of these stocks is 36 times in Guizhou Maotai, 62 times in Hengrui Medicine, 19 times in Midea Group and 39 times in Hikvision.JingdongParty A26 times, SAIC Group 12 times,Ping An16 times, valuation has begun to exceed the industry hub. In other words, this round of "beautiful 50" market is different from the previous value discovery and value investment, but a round of valuation premium rise. However, valuation stock premiums are not a bad thing for stock market sentiment. As the stock price bubble continues to enlarge, the market sentiment will be more optimistic. In other words, the future market will become more and more light, and the overall trend will continue to strengthen.
Reflected on the index, the leading SSE 50 index has entered the bull market trend. In the short term, as long as it does not fall below the 60-day moving average, the strong trend will continue and the new target will continue to be challenged. The current target points to a 10-year downward pressure. Line, about 15% of the current point. The Shanghai and Shenzhen 300, the Shanghai Composite Index and the small and medium-sized index will gradually follow. In terms of trading strategy, we should actively deploy around “beautiful 50” and choose several areas such as consumption upgrade, middle and high-end manufacturing, environmental governance or resource products, and continue to adhere to the leading stock strategy.
Morgan Stanley Huaxin Fund: A-share rebound window is still open
Morgan StanleyHuaxin Fund recently said that it has entered the third quarterly report disclosure period of listed companies. Historically, most of the sectors that achieved excess returns in October were driven by earnings (three quarterly reports). Therefore, at present, profit is an important reference indicator for evaluating stock excess returns. From the perspective of income and profits of industrial enterprises, the operating conditions of entities have been greatly improved this year.Morgan Stanley Huaxin FundIt is expected that the increase in earnings will support the A-share index.
Standing at the current time, Morgan Stanley Huaxin Fund said that it continues to be optimistic about the A-share market at the end of the market. From a fundamental point of view, the US government expects to introduce a formal tax reform draft before the end of the year, which is expected to stimulate the economy; the domestic economy maintains a moderate recovery and the overall profitability of A-shares has improved. From the perspective of liquidity environment, short-term monetary policy is relatively friendly, and reform will increase market risk appetite. Morgan Stanley Huaxin Fund will increase the mining of high-quality listed companies, pay more attention to the matching of performance and valuation, and increase the allocation of stagflation, logical support and fundamental improvement.
Look flatThe market will enter a period of balance
Bin Ge watched the market: the market entered a period of balance
At the opening of the conference, the two cities' indices all opened in red. Although there were new shares purchased today, they did not stop the market from opening. The market then maintained a small-scale consolidation mode. The market was in a red plate for most of the day. Unfortunately, the rise of the petrochemical duo in the end of the market led to the index's diving, and eventually the market went up and down to close each other, and the daily line closed the cross.
At the close, the Shanghai Composite Index rose 9.33 points, the index closed at 3381.37 points, the Shenzhen Component Index rose 7.41 points, the index closed at 11282.75 points, the Growth Enterprise Market fell 8.83 points to close at 1868.16 points, and the trading volume shrank again. The two cities had a total turnover of 4421. With billions of dollars, the flow of funds shows that funds are outflowing more than inflows today, which requires our investors to be cautious.
Sector: As of the close, the two cities have risen more and fell, but the overall increase is not large. Yesterday's daily limit, comprehensive screen and chip concept have become the leaders of the two cities, Chinese medicine, gravitational waves and semiconductors. Relatively good, the second new board, resource stocks and ferrous metals are weaker overall, and the sector's rotation is still relatively fast, which is likely to become a nightmare for investors.
On the face of the disk: The overall performance of the two cities today is in a state of micro-balance. The resource stocks have been adjusted for the second consecutive trading day. The kinetic energy of long and short positions tends to be weak. The market hotspots are very scattered. The new shares are still jumping up and down, communication concept. Faced with a serious loss of funds, the volume of transactions is shrinking slightly. For such a pattern, maintaining such a balance on Thursday will be a high probability event.
Technically speaking: the index is very fierce around the moving average. The late diving makes the daily line close the cross star line. The short-term weak balance trend of the market will continue, and the pressure of the integer mark is still not to be underestimated.
Looking at the performance of today's market, the trend of the whole day seems to be booming. In fact, the difficulty of operation is constantly increasing. The rebound of the index has not brought much effect on making money. This should have a great relationship with maintaining stability. From the perspective of the market, the kinetic energy of the market is mainly concentrated on the point that the policy acts as a starting gun, where it is played, from the beautiful Chinese concept in the early morning to the concept of smart chips, from the concept of land circulation to the change of the port, it can be said that every A concept that may have potential advantages has been paid attention to by funds. For this kind of structural market, it should become the main theme during the meeting, so everyone must have the ability to predict in advance during the operation. And the courage to dare to open a position, because we can expect that the market will enter a stable equilibrium period in the following week. Although there is a wave of diving in the end, it does not change such a weak balance.
Look at the airMake up the fall is about to start, don't take the fire
Trend Cruise: There is not much time left for the bulls
Today, driven by the banking, agriculture and other sectors, the two cities opened lower and higher, and the morning market rose to the highest point of 3,381 points. Then, because the market was not able to attack enough, the market opened gradually in the afternoon. After 2 o'clock, PetroChina Beginning to pull up, driving the market to break through the high point of the morning, the highest attack is near 3382 points, but on the disk, the two cities fell, and the sub-new shares, mineral products, paper, steel, scarce resources, warehousing and logistics, and nonferrous metals fell. Before; sand control, sapphire, smart TV, pension concept, private hospitals, anti-influenza, health care and other sectors have to rely on the front, the two cities a total of 25 stocks daily limit, three stocks fell, the GEM fell.
Today's market hotspots are still important meetings. What are mentioned in the morning meeting, what sectors have begun to rise, housing rental concepts, land circulation, online education, agriculture and other sectors have all risen, and the land circulation has reached the daily limit of Huilong shares; The housing leasing Zhongshilian Bank has a strong daily limit, but in the end it has opened the daily limit. With the end of the meeting, the subject stocks will begin to make up for the fall. It is recommended that everyone pay attention to avoiding.
Technically, today's market has once again rallied, and the top of the daily line has not been eliminated. The line will be dead on the 10th line tomorrow. If the market cannot be pulled up strongly, it will cover the gap near 3357 points. Once the recent support funds are withdrawn, the market does not rule out the gap near the 3331 points, so the time left for the market is not much.
In the sector, the recent major declines in the broader market are coal, non-ferrous and other resource stocks. This sector has been adjusted for three consecutive weeks. Whether it is adjustment time or adjustment, it should be basically in place. If the market stabilizes later, it depends on the dynamics of this sector. Only resources The stocks are stable, and the market is expected to attack again. Otherwise, everyone should be careful to step back and step around 3331.
In operation, the overall recommendation is that everyone should continue to be cautious, the market is not good, try to take a rest and wait and see, do not need to take the fire, waiting for the trend is clear.
Stock recommendationThe semiconductor industry event is about to open, and the industry enters a new round of boom cycle
Source: Huaixin Information
On October 25th, the 15th China International Semiconductor Expo and Summit Forum will open in Shanghai. According to the latest data from the Semiconductor Industry Association (SIA), global semiconductor sales reached $35 billion in August, setting a new record for monthly sales. This year, global semiconductor shipments are expected to exceed $400 billion, and the industry has entered a new demand boom of 4-6 years since the fourth quarter of last year. Domestic semiconductor companies also benefit from global capacity shifts and China's entry into the world's largest semiconductor consumer market, with broader prospects.
Related concept stocks:Shanghai Xinyang (300236), Changjiang Electronics Technology (600584).
Famous viewpointLi Jiayi: The stock market is slow.
Source: Eastern Fortune Network
How will the stock market and commodity futures go next? In this regard, Oriental Fortune Network invited Li Jiayi, CEO of Shanghai Tuoyu School, to visit the “Fortune Watch” column and share his wonderful views.
The following is an interview record:
Eastern Fortune Network:Could you tell me about the current trends and rhythms of the major varieties? What is your opinion?
Li Jiayi: I personally think this is the case, because sometimes the speaking is like this, it must be related to the time. Maybe after ten days and a half, the market has changed. We are personally observing from the current angle because All varieties are involved.
Eastern Fortune Network: You can talk about a longer cycle, and the timeliness is better.
Li Jiayi: For me, it may be in the stock market. In principle, I think that slow cattle should be no big problem. At least, from the perspective of the technical aspects I have learned, it seems that the whole state of stability is, for example, After the long holiday, everyone has very high expectations, but why is it high and low? It is very simple. At present, there may not be too many conditions for him to squirt, so often when he has a relatively large performance, he will often pull back, but the pullback will not be too excessive, so this stock market may have to With this psychological preparation, that is, if you want to have a relatively large and fast, I think the stocks are moving, the plate rotation is very fast, this is more difficult, which means that your navigation may take three steps. Two steps, this is part of the stock market.
Commodity futures is currently in a state of differentiation, weak and particularly weak, strong and even invasive band new highs. This thing may appear on the colored black side even the so-called industrial black colored black. Differentiation, but its differentiation is indeed quite obvious to me, weak and very weak, but people are like this, that is to say, when I was weak, I did not grasp it. Now I have reached a certain level, I am afraid. Don't dare to go through the price, etc. It doesn't matter if you don't enter the market. Don't go against the trend. We must operate, especially stocks, futures, or options. Don't guess the bottom, guessing is the big operation. avoid.
Eastern Fortune Network: I want to insert a sentence here, our ordinary audience often make this taboo.
Li Jiayi: Yes, this determines the two-eighth rule is also one of the reasons. How can I change this fate, that is why others are making more losses, I am paying a lot of compensation, earning a profit. ,why? Because there are a lot of things you don't do in the right direction, guessing the bottom is a big taboo, maybe ten times to make you nine times, one mistake is all strong, it is not enough, so don't guess the bottom, take the opportunity For, you said that the teacher has already come here. You see that the black system has fallen so much. I am not going to chase this. It is not a solution. It doesn't matter. You wait for it to turn around. Then remember not to buy more. At the end of the game, it is necessary to buy when the upswing is very different. When you buy it at the end, how do you know when it is the bottom?
So you should buy something that overcomes humanity when it rises. The third one I hope to share with you, in the foreseeable future, the option will definitely be a star commodity. You said that waiting for the star commodity, it’s too late to say it, you must first work hard, when he is a star commodity, you are just right. After you have finished your studies, you can already have a hard time working on it. At this time, I just use it. I think I will share it with you. From the perspective of Europe and the United States, I have experienced a decade of large-scale capital options. I strongly recommend to you that in the market and variety of so many operations, I think that option commodities are the financial product that can best break the so-called institutional inequality and general retail inequality. Everyone works hard and learns if they can Change the fate, the best performance of its products is on the options, now just started, because although there are 50 ETF options have been more than two years, but everyone agrees that probably 2017 should be the so-called option first year, because product futures began to withdraw The related options are currently only soybean meal and white sugar, but there will be more for the foreseeable future. Variety, even more active such as black lines, this will make people very excited. This thing I think investors should work hard now and start to understand it. There is a saying to share with you the option goods are easy to understand and difficult, that is, the fur is probably soon you will understand.
But if you want to do it well, if you let it be done, it is the closest theory to the real thing in all financial products. In other words, it’s easier to say so. The more the stock knows, the more it loses. I can say this. why? Because the physical operation of stocks is very different from the theory.
There are too many factors in the whole market to change, such as the flow of chips, the goodness of funds, and so on, so I can say that stocks know more and more. Come back to the future because of the problem of human guts, so this thing should be overcome by skill, but if it is an option, why do we just call the option strategy in three sentences, that is, through the work, through the best Strategy combination, in fact, it is the closest to theory and real thing. In other words, the more savvy you are, the more precise you are, the finer you are, the better your odds will not be disturbed, there will be no black hand of the so-called market. , or some force to make this thing distorted, no. So why do we think that this commodity will become the future star of tomorrow at this time, and that he can break the 28 rules of retail investors, the key point is that you are willing or not, the main reason is that its threshold is low, but it needs Study well, but study does not cost money. I think this thing you can buy books yourself. There are also a lot of information on the Internet. I encourage everyone to warm up at this time, because it is too late to start the fire.
Because you are not prepared yet, the opportunity is reserved for the people who are ready, so you are warming up now, and when you are ready, the opportunity will come. People will talk about the situation and create a hero. The first one is that you have to be a hero. You have to wait for the situation, the situation is coming. If you are not ready, you are not a hero, so I encourage the various commodities mentioned in the section, maybe the stock has stocks, but the characteristics of the characteristics just mentioned, I am very optimistic about futures. At the same time, I am very optimistic about the internationalization. But if the general investors are under the structure of the entire unequal capital market, I think the options are more for everyone. Come on, then come and appreciate the superiority of this product. I will share it with you here and make a preview to see if the options market will be very hot in the foreseeable future and will follow the international trend. The options market must be a very dazzling star product.