After a big gain this week, A shares rose and fell on Tuesday, and the major stock indexes fell slightly at the close. The Shanghai Composite Index fell 0.13% to 3472.94 points, and the Shenzhen Composite Index fell 0.07% to 2272.68 points. In addition, the ChiNext Composite Index fell 0.24%, and the Science and Technology 50 Index fell 0.66%. Funds going northward were roughly balanced throughout the day, with a slight net outflow of nearly 500 million yuan.
On Tuesday, heavyweight stocks performed balanced, financial stocks performed flat, liquor stocks were slightly stronger, and Jiuguijiu nearly reached the daily limit in the market. Generally speaking, when liquor stocks rise, pharmaceutical stocks are also easy to perform. Although this doesn't make much sense, it has been true for A-shares in the past.
The overall performance of the pharmaceutical sector was still good, but the leader Hengrui Pharmaceuticals fell. Hengrui Medicine is a typical big bull stock, big white horse, and core asset. The company's recent performance growth has been slower than expected and there may be some logical doubts and it has fallen.
What White Horse shares most fear is not to kill valuation, but to kill logic. There are not a few White Horse stocks with similar logic that have some doubts. SF Holdings and Shanghai Airport may all be regarded as such. Investors should judge the downside space based on the degree of logical damage. If the killing logic is quite obvious, such stocks should not "reach out" no matter how they fall. If it is just that the company has temporary difficulties, then such a killing may constitute a low-sucking opportunity. .
The self-driving and smart car-related sectors that performed strongly the day before are clearly differentiated. The short-term positive stimulus is more obvious, such as BAIC Blue Valley and Xiaokang shares continue to daily limit. Many stocks of automakers that had their daily limit on Monday gave up sharply, but there were also individual stocks that continued to rise, such as Changan Automobile.
As far as smart cars are concerned, the influx of funds from various sources will bring opportunities, and of course it will also bring competition. Investors have to analyze specific companies. It is not advisable to focus too much on the concept. Remember that no matter how popular the concept is, it will ultimately be implemented in performance.
If a company only produces smart cars or adopts autonomous driving technology, it depends on how high the company's technology threshold is, or how its core competitiveness is. Although such individual stocks are prone to short-term opportunities, in the long run, investors should focus on companies that have unique skills, rather than companies that can be imitated by anyone.
In addition, some companies that sell water or shovels at gold mines can also focus on them. There are actually many such companies, of course, investors need to conduct more detailed research.
Investors obviously shouldn't ignore the hot air outlet in the field of autonomous driving, although they still need to be very cautious when choosing stocks. This year will almost certainly be a big year for autonomous driving, and the relevant beneficiary stocks will have the opportunity to receive repeated care of funds, and it is relatively easy to emerge bull stocks.
In my opinion, if investors ignore the popular tracks of autonomous driving and intelligent networked cars from beginning to end, it will be the same as ignoring the smartphone track a few years ago.
On the 20th of each month, the loan market quotation interest rate (that is, the LPR interest rate) announced by the National Interbank Funding Center will be set. This time, the interest rate for all maturities will remain the same, which is the same for 12 consecutive months. The announcement of this interest rate has no obvious impact on the stock market. Because the recent economic indicators are slightly weaker and the central bank's daily operations are relatively stable, most institutions can foresee that the LPR interest rate will be flat.
The macro level is relatively "flat", the economic recovery is not tepid, and the liquidity is not tight. In this case, the stock market lacks guidance for the time being, and there is a high probability that it can only maintain a balanced and volatile situation.
Although the stock index is relatively flat, the fluctuation of individual stocks is not necessarily small. Next, the annual report and quarterly report will enter the most intensive period, so there are still many opportunities and risks for individual stocks. In May, the fluctuation of individual stocks will be smaller after the market enters a performance vacuum period.
As far as operations are concerned, investors can hold on as long as the stocks they hold are of good quality and wait for the company's performance to grow. In most years, there will be opportunities for A shares. Some people jokingly call it "eating market", and I believe this year will be no exception.
The author has opened a column on the WeChat platform. Readers can directly view the author’s latest views through WeChat every Sunday to Thursday evening. For details, please pay attention to the WeChat official account. News
.-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-