投顾晨报：沪指三连阳，依旧震荡-20251221

Market Overview - The Shanghai Composite Index experienced a rebound with three consecutive days of gains, but overall trading volume remained low, indicating a continued state of market fluctuation [9] - Market participants are adopting a conservative mindset as the year-end approaches, leading to reduced trading willingness and a faster rotation of sectors [9] Industry Strategy: Food and Beverage - Despite recent adjustments in the food and beverage sector, there is still fundamental support for new consumption in the short term, with stock prices showing absolute return potential [9] - The market's expectations for consumption remain relatively low, with the food and beverage sector characterized by low positions and low performance expectations, making valuations attractive [9] - It is anticipated that the food and beverage sector will transition from valuation-driven growth to performance-driven growth in 2026, with risks expected to clear by then [9] - Recommended stocks include Miaokelan Duo (600882, Buy), Anjixin Food (603345, Not Rated), and Luzhou Laojiao (000568, Buy) [9] Industry Strategy: Humanoid Robots - Significant advancements in motion control technology for humanoid robots are expected in 2025, with mass production becoming a key focus in 2026 [9] - Recent demonstrations by Tesla and Yush Robot highlight rapid progress in motion control capabilities [9] - The most significant challenge for mass production is the development of brain models, with expectations for faster production rates in the first half of 2026 [9] - Companies with strong manufacturing and management capabilities in component production are likely to benefit from this trend [9] - Recommended stock includes Top Group (601689, Buy) [9]