十大券商一周策略：“慢牛”行情趋势不变，新一轮行情随时可能启动

Group 1 - The market is currently experiencing a trend-focused rally rather than a high-cut low rotation, with funds favoring high consensus stocks over low-positioned ones [2] - Recent liquidity growth has slowed down, indicating a need for market cooling to ensure stability [2] - Key sectors of focus include AI, innovative pharmaceuticals, resources, and the Science and Technology Innovation Board [2] Group 2 - The market's risk appetite continues to recover, with high dividend sectors showing mixed performance due to the banking sector's underperformance [3] - Some stable and potential high dividend stocks have become attractive in terms of yield, suggesting emerging value [3] - The cyclical high dividend stocks are expected to perform better due to improved supply-demand dynamics [3] Group 3 - The market is undergoing a short-term adjustment after a previous rally, with a need to refocus on main lines of growth [4] - The upcoming events, such as the September 3 military parade, may provide short-term opportunities in sectors like defense and autonomous control [4] - The technology sector, particularly AI and robotics, is expected to lead the market's recovery [4] Group 4 - The core logic supporting the current market rally remains intact, with potential catalysts for renewed confidence [5] - Key upcoming events include the release of GPT-5 and developments in U.S.-China trade talks, which may signal a new upward trend [5] - The focus should be on low-positioned growth stocks while being prepared for a potential new rally [5] Group 5 - The overall market trend remains bullish despite recent adjustments, with liquidity conditions still favorable [6] - The recommended sector allocation includes undervalued large-cap tech growth stocks, innovative pharmaceuticals, and global pricing resources [6] - Traditional consumer sectors are also considered, but with a lower priority compared to tech and innovative sectors [6] Group 6 - The market is expected to favor cyclical stocks in the upcoming months, with a focus on sectors like machinery and power equipment [7] - Long-term attention should be given to consumer and technology sectors, particularly those benefiting from policy support [7] - The market is anticipated to enter a new phase of upward movement, potentially breaking through previous highs [7] Group 7 - A significant likelihood exists for the A-share market to reach new highs in August, following a period of adjustment [8] - The market is expected to stabilize after earnings reports, with a potential recovery in risk appetite as key events approach [8] - The overall trend suggests a positive outlook for A-shares, supported by improving cash flow and ongoing capital inflows [8] Group 8 - The market is likely to experience localized hot spots and rotation, with a focus on sectors that show strong earnings certainty [11] - The "anti-involution" policy is expected to remain a central theme in market dynamics [11] - The technology growth sector is anticipated to maintain high levels of activity due to ongoing trends in AI and emerging industries [11] Group 9 - The market is in a short-term adjustment phase but remains on an upward trajectory, with key technical supports in place [12] - A balanced sector allocation strategy is recommended, focusing on financials and technology growth sectors [12] - The market outlook remains positive, with expectations for continued growth despite short-term fluctuations [12]