Breakfast on February 11

Everyone in the morning trench!

Let's look at the overseas news first:

U.S. stocks ended their 2-game rally, with the Dow closing down 1.47%, the NASDAQ closing down 2.1%, the S&P 500 closing up and closing down 1.81%, AMD falling more than 5, and Lu jin up more than 15% to lead the Chinese stocks.

The U.S. CPI rose 7.5% year-on-year in January, beating expectations and continuing to reach a four-decade high.

The Fed's vote this year is more hawkish: supporting a total of 100 basis points of rate hikes by July.

Biden said inflation would fall sharply by the end of the year, and the White House called on the Fed to close the water.

Tesla recalled nearly 579,000 vehicles in the U.S. due to speaker problems, the 11th recall since October last year.

Summary of Significant Events:

1. China added 6.17 trillion yuan in social financing in January, a record high.

2. Eight departments, including the Ministry of Industry and Information Technology: Promote the application of waste power batteries in the fields of power backup, charging and replacement.

3. Ministry of Commerce: Vigorously develop digital trade and build a digital trade demonstration zone.

4. The China Banking and Insurance Regulatory Commission held a research symposium to study the policies and measures related to financial asset management companies to help resolve financial risks.

5. State Administration of Radio, Film and Television: Strengthen the protection of the whole chain of intellectual property rights in the field of television dramas, and standardize the order of income distribution.

6. Ministry of Transport: Accelerate the construction of the national comprehensive three-dimensional transportation network and major projects, and promote the pilot implementation of the construction of a strong transportation country.

7. The Chinese Academy of Information and Communications Technology held a symposium on major issues in the development of the brain-computer interface industry.

8. National measures for the supervision of pre-sale funds for commercial housing were introduced.

9. The first domestic PD1 "sea meeting", fda expert committee asked Cinda Bio/Eli Lilly to supplement clinical trials.

Today's Market Preview:

On February 10, on the disk, lithium batteries, photovoltaics and other track plates continued to fall, Ningde times fell below the 500 yuan mark, the tail plate rebounded slightly, CITIC Bo, Goodway and other fell more than 10%. The CRO sector continued to fall, with WuXi App App Decouple falling more than 7%. Pork stocks have strengthened sharply, and many shares such as Superstar Agriculture and Animal Husbandry, Dongrui Shares, New Wufeng, and Zhengbang Technology have risen and fallen. Tourism stocks are active against the market, caissa tourism, Utrust tourism, Tianmu Lake, Qujiang cultural tourism and other seals.

Everbright Securities believes that on the whole, the relative performance of the Shanghai index is still strong, and it has recovered the 5-day moving average and the 10-day moving average for three consecutive days, and this rebound strength can basically indicate that the low point of the Shanghai index adjustment in this round has been discovered, and in the follow-up secondary bottoming process, it can continue to make up for it near the previous low. Funds may flow into the oversold growth track, such as semiconductors, new energy, etc. Since the chinese medicine sector that was oversold in the early stage has rebounded in the short term, the new energy track with poor performance in the near future may also have the expectation of making up for it.

CITIC Construction Investment said that A shares have not yet reached the stage of volume and price decline, under the triple support of seasonal inflows of funds, technical oversold and price ends, A shares are expected to open a rebound in the future, it is recommended to overweight, focusing on large-cap stocks and small-cap targets that have not risen sharply in the past few years.

Today's Opportunities:

Power battery recycling丨 According to the Ministry of Industry and Information Technology website disclosed on February 10, the Ministry of Industry and Information Technology and other eight departments recently issued an implementation plan to accelerate the comprehensive utilization of industrial resources. The plan proposes to promote upstream and downstream cooperation in the industrial chain to build recycling channels, build a cross-regional recycling system, and promote the safe cascade application of waste power batteries in the fields of power backup, charging and replacement.

Comments: Soochow Securities expects that in the battery disposal volume in 2021, the proportion of power batteries, consumer batteries, energy storage batteries and battery factory waste will be 37%, 43%, 1% and 19% respectively, and consumer batteries will still be the main force of decommissioning. With the rapid increase in the penetration rate of new energy, the proportion of power batteries is gradually increasing, and the proportion of power batteries is expected to reach 61% in 2030, and the proportion of power batteries is expected to reach 70% in 2035.

Related companies: Tianqi shares, Nandu power supply

Colored · Copper 丨 According to the market data on February 10, copper futures and inner and outer plate futures rose strongly, and the main contract of shanghai copper rose 3.97% in the inner plate, after the external LME copper rose 2.8%.

Comments: Haitong Securities believes that replenishment after the Spring Festival may also be an important factor in increasing demand. In addition, the super-hawkish currency tightening expectations released by the Fed at the interest rate meeting have also been gradually digested by the market, which is also conducive to reducing the pressure on the price of non-ferrous metals in the US dollar.

Related companies: Pengxin Resources, Bowei Alloy

Flash 丨 According to the official website of Jiaoxia and the industry media Jibang Consulting on February 10, due to the contamination of materials used to produce flash memory chips, the two flash memory chip factories in Japan of Kaixia have stopped working, and they are currently trying to resume normal operations.

Comments: The data shows that the combined market of Western Digital and Armored Man in the third quarter of last year accounted for 32.5%. Prior to this incident, Samsung's largest NAND flash memory plant was shut down due to the epidemic, all of which could eventually lead to a shortage of NAND-based products. Industry media Jibang Consulting believes that under the influence of this event, it will likely make the price of NAND Flash in the second quarter turn upside by 5-10%.

Related companies: Gigabit Innovation, Tongyou Technology

Glass | According to the market data on February 10, glass futures rose by 3.28% daily, and the May contract once touched 2430 yuan / ton, refreshing a 5-month high. The main contract of night glass futures opened 1.24% higher.

Comments: Donghai Futures said that the National Development and Reform Commission said that it would seize the implementation of a series of policy measures to expand domestic demand, moderately advance the infrastructure investment, so that the field of stable infrastructure growth expectations continue to heat up, driving the low valuation of glass futures prices to repair. In addition, in terms of spot, the inflection point of glass inventory appeared, the spot stopped falling and rose, and the supply and demand in the future market continued to improve.

Related companies: North Glass Shares, Yaopi Glass

There are 2 IPO subscriptions today:

1. Jinhui shares: Shanghai, the subscription price is 10.8 yuan, the upper limit of the subscription is 29,000 shares, and the company is mainly engaged in the mining and processing of lead and zinc and other mineral resources.

2, NewTek: GEM, subscription price of 20.28 yuan, subscription limit of 20,000 shares, the company's main automotive suspension system and other parts and components to adapt to automotive lightweight products.

Let's look at the essence of listed company announcements:

1. Yahuilong: The new coronavirus antigen detection kit has been designated for supply by PMDA certification in Japan.

2. Ecodi: Invest in the construction of intelligent manufacturing projects for new energy vehicle three-electric system components and automotive structural parts.

3. Lianchuang Shares: Plans to invest in the construction of 50,000 tons / year PVDF industrial chain and 0.6GW of supporting green power projects.

4. Anhui Wei Gaoxin: It is planned to acquire 100% of the equity of Anhui Wei Sheng for 795 million yuan, becoming the leading enterprise in China covering the whole industrial chain of PVA-PVB resin-PVB interlayer.

5. Northeast Pharmaceutical: The subsidiary fosfomycin tromethamine powder passed the consistency evaluation of generic drugs.

6. Honglu steel structure: signed a 1 billion yuan Honglu intelligent assembly base project, which provides an important guarantee for the company's steel structure product manufacturing and the development of green prefabricated building business.

7. Shandong Gold: The new city gold mine has a cumulative gold production of 100.006 tons, becoming the fourth gold mine in Shandong and the sixth gold mine in the country with a cumulative gold production of more than 100 tons.

8. Xianhui Technology: It is proposed to acquire 51% of the equity of Ningde Dongheng Machinery Co., Ltd. in the form of cash, which is expected to constitute a major asset restructuring.

*Disclaimer: The content of this article is for informational purposes only and does not constitute investment advice

* Risk Warning: The stock market is risky, and you need to be cautious when entering the market