和讯投顾刘金锁：节后市场将迎来修复行情，消费类板块有利好

Core Viewpoint - The market is expected to enter a recovery phase after the holiday, with a positive outlook for the consumer sector due to strong consumption data during the holiday period [1][2]. Market Performance - The Shanghai Composite Index showed relative weakness in the last three trading days before the holiday, while the Shenzhen Composite and ChiNext indices demonstrated resilience, particularly with a mild increase in the Shenzhen index on the last trading day [1]. - Despite some panic selling in individual stocks following earnings disclosures, the overall market performance aligned with expectations [1]. Consumer Sector Insights - Strong consumption data during the holiday, including record highs in tourism-related metrics, indicates that consumers remain willing to spend, which is favorable for the consumer sector [2]. - Investors are advised to differentiate between long-term overhyped sectors and individual stocks to avoid chasing high prices [2]. Investment Strategy - Investors are encouraged not to overly worry about the current market conditions but to focus on individual stock performance, as a broad market rally is unlikely to be sustained [2]. - It is recommended to observe the market on the first trading day after the holiday and wait for clearer signals before making investment decisions [2]. Risk Awareness - There is a growing concern regarding delisting risks, with approximately 60 stocks facing such risks this year, surpassing the total from the previous year [1]. - Investors should avoid stocks with poor performance or delisting risks, particularly those categorized as "black five categories" [1].