With the end of the disclosure of the first quarterly report of the public fund, the latest holdings and investment strategies of equity funds under wholly foreign-owned public offerings such as BlackRock, Fidelity, and Neuberger Berman have surfaced. In view of the investment opportunities in the second quarter, performance has become the core investment logic that institutions are concerned about in the near future. Institutions will focus on high-dividend sectors, Chinese companies going overseas, and investment opportunities in technology stocks.
The top five main net inflows into the industry sector: new energy vehicle parts, general aviation, auto parts, wind power, military industry; The top five main net inflows into the concept sector: artificial intelligence, Internet of Things, Eastern and Western computing/computing power, cloud computing data centers, drones; The top 10 main net inflows into individual stocks: Wanfeng Aowei, Industrial Fortune Union, Zhongji Innolight, Aerospace Electronics, Wall Nuclear Materials, Sichuan Jiuzhou, Shangluo Electronics, ZTE, Inspur Information, and China Molybdenum
In the first quarter of 2024, on the one hand, in the low interest rate environment, the market actively revalued low-valuation dividend assets, on the other hand, the market fluctuated periodically, the defensive value of the banking sector was highlighted, and the overall stock price performance of the banking sector significantly outperformed the market. Riding bulls and bears believes that the pace of economic recovery and the performance of macro finance, we expect that the short-term market style will still prefer the dividend strategy, and the banking sector is expected to continue to recover. The increase in the proportion of northbound and southbound funds in the banking sector also reflects the market's preference for dividend strategies.
Sodium battery has the characteristics of wide temperature performance, high cycle efficiency life and conversion efficiency, in low-speed vehicles, energy storage and other application scenarios, lithium batteries can be replaced, Chery, JAC, Yadea, Emma and other A00 cars and two-wheeled vehicles have officially announced new sodium electric products. In recent years, the sodium battery market has been booming, with as many as 29 new projects signed in battery R&D, manufacturing and pack links alone, with a planned production capacity of more than 290 GWh and a total investment of more than 114 billion yuan. With the continuous upgrading and breakthrough of technology, the future prospects of the sodium battery industry are promising. Riding a bull and a bear found that the lithium battery sector reported a sharp decline in the first quarter, which is a situation that has not been seen in recent years, which is indeed worth alerting, whether it is an opportunity or the beginning of a decline, we must start to pay attention to it.
It is necessary to persist in taking the development of industries with special advantages as the main direction of attack, develop emerging industries in accordance with local conditions, and speed up the industrial transformation and upgrading of the western region. Strengthen the deep integration of scientific and technological innovation and industrial innovation, actively cultivate and introduce high-level scientific and technological innovation talents, and strive to overcome a number of key core technologies. For the next ten years, Africa, Asia, South America, Europe (Russia) and other regions of infrastructure construction level to improve the level of housing construction, overseas orders are imminent, the "Belt and Road" initiative is expected to continue to open up growth space for the construction industry. As the core of the western city, Xinjiang has been the core area of the Silk Road Economic Belt since ancient times, an important hub connecting the East and the West, and the frontier of opening up. Compared with economically developed regions such as East China and South China, Xinjiang still has a lot of space for transportation infrastructure.
2024 is a year of transition in the model cycle, but the difference between Tesla's leading product strength and the global new energy vehicle market penetration rate will be the driving force for medium and long-term demand. Overnight, Tesla disclosed that its first-quarter results were generally worse than market expectations, but it was optimistic that product upgrades would reduce costs and cut efforts, and Musk said that it would launch cheap models by early 2025, and its U.S. stock rose to more than 11% after hours. Riding the bull and looking at the bear found that Tesla's performance in the first quarter was not good, which is also a major reason for Tesla's price reduction in April to promote sales.
The Shanghai Composite Index has started a new mode of "mixing time", and it is not difficult to see that the trading volume has further shrunk, and it is difficult for the market to have a major reversal. There are two main reasons for riding a bull and watching a bear: on the one hand, before May Day, the market will begin to avoid the emergence of "moths" in the peripheral market, and there will be a certain pre-holiday adjustment and reduction operation. On the other hand, the policy and news are flat, even if the U.S. stock market rebounds for 3 days, A-shares are only barely following, and there is no real rebound. This position is still cautious, and the holiday effect has become more and more obvious.
The ChiNext index has always been suppressed by the 5-day line, and there has been no real rebound, the upper moving average is suppressed, coupled with the continuous decline of the small, medium and micro stock sector, institutional funds have also begun to be cautious. The collective pullback of the top stocks in China, the fleeing funds did not choose to attack the small, medium and micro and other theme plates, which also shows from the side that it is a pre-holiday position reduction operation. Niu Ge believes that this position still needs to pay attention to the switching effect of funds, and the over-falling opportunities of small, medium and micro companies should be paid attention to, although the first quarterly report is not good-looking, but it is not too ugly, and some stocks have indeed over-fallen!