每日看盘｜动量资金转向，A股浮现超预期的稳健态势

Core Viewpoint - The A-share market is experiencing a mixed trend with fluctuations, driven by strong performances in resource stocks and power equipment stocks, while AI hardware leaders face lower-than-expected earnings for Q4 2025 [2][3]. Group 1: Market Dynamics - The recent cooling measures have led to a cautious sentiment among market participants, but new incremental information has shifted attitudes towards seeking investment opportunities [2]. - The re-interpretation of cooling measures aims to stabilize A-share indices and support a slow bull market, reinforcing the confidence of value investors [3]. - Economic data for 2025 indicates robust growth in China's manufacturing sector, providing a strong foundation for A-share companies' earnings growth [3]. Group 2: Sector Performance - The commercial aerospace sector is seeing an increase in IPOs, suggesting continued growth in the industry and potential price stimulation for leading stocks benefiting from this development [3]. - Enhanced investment from the State Grid and urgent needs for overseas grid upgrades have attracted momentum funds to new investment opportunities in the power equipment sector [3]. - On Monday, power equipment stocks surged due to strong order information, significantly boosting market sentiment and alleviating concerns about the impact of cooling measures [3]. Group 3: Investment Strategy - The market is expected to maintain a slow bull trend, with a cautious outlook suggesting narrow fluctuations around current levels, while a more optimistic view anticipates a gradual upward trend [3]. - The focus is shifting from speculative trading to identifying growth leaders with strong earnings capabilities, particularly in the commercial aerospace and resource sectors [4]. - Stocks like Superjet Co. and Aerospace Electronics have shown strong performance, reflecting the market's preference for companies that can deliver on their growth promises [4].