英大证券：金点策略晨报—每日报告-20241121

Market Overview - The report indicates that the main board market may experience fluctuations due to a dense trading area above, while technology growth stocks are expected to become an important focus [1][6] - On Monday, the market showed mixed performance with the Shanghai Composite Index weakening overall, while the Shenzhen Component Index rose significantly [1][3] - The semiconductor sector saw a substantial increase, with a notable rise in stocks related to cultural media, education, computer equipment, and consumer electronics [3][4] Semiconductor Industry Insights - The semiconductor sector is projected to continue its long-term positive trend, supported by various national policies aimed at revitalizing local semiconductor industries [2][4] - The global semiconductor market is expected to grow by 16% in 2024, reaching a size of $611 billion, with further growth of 12.5% anticipated in 2025 [2][4] - The trend of domestic substitution in the semiconductor industry is becoming evident, with expectations for increased domestic market share in equipment manufacturing [4][5] New Energy Sector Analysis - The new energy sector, particularly solar equipment and lithium batteries, has shown significant gains, rebounding from previous declines [4][5] - The demand for lithium, solar, wind, and energy storage continues to grow as global efforts to achieve carbon neutrality progress [4][5] - The report suggests that the new energy sector's rebound is likely to continue, although individual stock performance may vary [4][5] Cultural Media Sector Developments - The cultural media sector, including gaming and advertising, has experienced a surge, benefiting from advancements in AI technology [4][5] - The report highlights the potential for growth in the gaming and short drama industries, driven by the application of AI in content production [4][5] - The recovery in consumer spending is expected to positively impact the film industry, making it a sector to watch [4][5] Future Market Predictions - The report anticipates that the main board market may experience fluctuations, while technology growth stocks could remain active [6][7] - The report suggests that investors should be cautious and consider profit-taking in the current market environment, while maintaining a positive outlook for medium to long-term investments [6][7] - Short-term investors are encouraged to actively participate in the market given the sustained trading activity [6][7]