Brokerage Morning Meeting Highlights | Resonance of Domestic and Overseas Financial Reports Confirms Economic Upswing, Seize Opportunities for Growth Layout

Yesterday, the market experienced a rise followed by a retreat, with the Shenzhen Component Index and the ChiNext Index again turning negative in the afternoon. The trading volume in the Shanghai and Shenzhen stock markets reached 2.32 trillion yuan. In terms of sectors, Siasun Robot & Automation, MLCC, innovative pharmaceuticals, pharmaceutical commerce, and computing power leasing performed actively. In contrast, the non-ferrous metals sector retreated. By the end of the trading session, the Shanghai Composite Index fell by 0.82%, the Shenzhen Component Index decreased by 0.4%, while the ChiNext Index rose by 0.34%. At todays brokerage morning meeting, Guosheng mentioned that the resonance of domestic and foreign earnings reports confirms the economic upturn, providing opportunities to seize growth layouts. Huatai reiterated the long-term allocation logic for gold and other physical reserve assets. China Securities Co., Ltd. stated that the warming of valuations combined with the reopening of the cycle suggests that the military sector is expected to regain its upward momentum. Guosheng: The resonance of domestic and foreign earnings reports confirms the economic upturn, providing opportunities to seize growth layouts. Currently, the hard technology sector is at a crucial window where the industry logic is shifting from "expected narrative" to "performance realization": overseas storage giants earnings reports are collectively validating the high profit elasticity of the price increase cycle, while the domestic mid-year reporting season continues to see performance realization in computing power and storage fields, continuously solidifying the fundamentals. The U.S. non-farm data in July came in below expectations, leading to a significant easing of Federal Reserve rate hike pricing, with marginal relief in external liquidity and a continuous recovery of market confidence. The rebound in the technology sector is supported by both fundamentals and capital flows; it is recommended to continue focusing on the domestic storage industry chain, computing power ecosystem, and AI application chain as main lines for. Huatai: Reiterating the long-term allocation logic for gold and other physical reserve assets. Although the U.S.-Iran conflict once boosted oil prices and pressured gold allocations, in the medium to long term, the inevitable result of further intensification and prolongation of global geopolitical conflicts may be a renewed expectation of fiscal expansion. In the short term, the uncertainty of the global geopolitical situation and liquidity conditions will still technically affect the trend of gold, especially if the Fed switches back to a hawkish mode. However, in the medium to long term, the allocation value of gold still exists. China Securities Co., Ltd.: Warming valuations combined with the reopening of the cycle suggest that the military sector is expected to regain its upward momentum. Recently, multiple companies in the defense and military sector released their semi-annual performance forecasts. Affected by the decline in new orders in the traditional military sector, military information companies generally experienced varying degrees of performance decline. Overall, the growth points for the defense and military sector in the first half of the year were mainly driven by shipbuilding and military trade, and this trend is expected to continue in the second half. China plans to launch multiple commercial aerospace rockets, and a combination of favorable factors is expected to drive a short-term rise in the military sector. The sector is currently in a dual bottom range of performance growth and capital allocation. Domestic and international catalytic factors may continue to emerge, injecting new momentum into the sector's increase. The continuous catalysis in new fields suggests actively seizing structural rebound opportunities while awaiting the arrival of the next cycle. This article is reproduced from "Cailian Press," edited by GMTEight: Liu Jiayin.