Core Viewpoint - The report from Huatai Securities indicates that after a brief period of profit-taking, the A-share market has turned upward, reaching a new phase high [1] Market Activity - Trading activity remains a focal point for investors, with domestic capital continuing to be active [1] - The trend of small-cap stocks switching to large-cap stocks has weakened but not reversed, indicating a persistent focus on industry trends [1] - There are signs of loosening in the previously strong market consensus among investors [1] Fundamental Outlook - The medium-term outlook for the domestic fundamentals is expected to remain upward, with no significant evidence to the contrary [1] - High trading activity and an expanding profit-making effect suggest maintaining a higher position in the market [1] Investment Recommendations - It is advised to focus on cost-effectiveness and industry prosperity when selecting stocks [1] - Specific sectors to watch include domestic computing power chains, innovative pharmaceuticals, robotics, chemicals, batteries, and leading consumer goods companies [1]