Technology stocks fell sharply, with Microsofts shares down 4.3% despite better than expected earnings for the previous quarter. Apple shares fell 4.5%, Amazon and Netflix fell 3.6% and 2.5% respectively. At the same time, Tesla reversed its earlier gains, falling nearly 5% and falling more than 10% from its opening high to its biggest close, even though it beat analysts expectations.
Intels second quarter earnings exceeded expectations, with revenue of $19.7 billion and market forecast of $18.54 billion; adjusted earnings per share in the second quarter was $1.23, and the market was expected to be $1.12. Intel expects third quarter revenue of about $18.2 billion, with adjusted earnings per share of about $1.1. But affected by the postponement of the next generation chip release time, Intel fell nearly 10% after hours.
The U.S. Labor Department reported on Thursday that the number of first-time jobless claims in the week ended July 18 was 1.416 million, with an expected 1.3 million. This marks the 18th consecutive week that the number of new jobless claims in the United States has exceeded 1 million. The previous week, 1.307 million people applied for unemployment benefits for the first time, the first increase since March.
The novel coronavirus pneumonia confirmed 4021053 cases in July 23rd, and 143967 cases died, as of 17:33 p.m. Eastern time, according to Johns Hopkins statistics. In the past 24 hours, 79312 new confirmed cases and 1211 new deaths occurred in the United States. The novel coronavirus pneumonia conference was held novel coronavirus pneumonia in July 23rd. The WHO director general has said that more than 15 million confirmed cases of new crown pneumonia have been received, and nearly 620 thousand deaths have been reported.
Just after the first anniversary of the listing of the first 25 companies on the science and technology innovation board, the reduction of the first batch of prohibited shares broke out. On the evening of July 23, eight first listed companies on the science and Technology Innovation Board announced plans to reduce their holdings, namely Guangfeng technology, Hanchuan intelligent, Wald, Xinguang optoelectronics, Western superconductor, Lexin technology, Jiayuan technology and rongbai technology. The upper limit of the proportion of shares to be reduced by the shareholders of Western superconductor is the highest, reaching 14% of the total share capital (the same below); rongbai technology takes the second place, and the shareholders proposed reduction is no more than 11.95%. According to the closing price on July 23, the market value of shares held by the first eight companies of the science and technology innovation board (Kechuang board) reached 6.79 billion yuan.
Talking about the arrival of the first reduction plan of the science and technology innovation board, Wang Jiyue, a senior investment banker, told a reporter of the securities times u00b7 e company that the sales restriction is essentially the same as the profit taking of the unlimited sales investors. After the reduction tide, due to the increase of circulation, the market price of related companies will be more reasonable. The detailed rules for the implementation of share reduction by inquiry transfer and allotment issued by the Shanghai Stock Exchange is a major breakthrough to solve the problem of reducing the holding of restricted shares in a market-oriented way. At the same time, some pre IPO shareholders with low shareholding ratio may still consider choosing the secondary market or block trading to reduce their holdings, and the amount of reduction is limited by the rules of the main board.
Low end stocks rise into hot spots
Taking Dongan power as an example, the stock has benefited from the hype of military industry, and has gained 5 consecutive trading limits. In view of the abnormal fluctuation of stock price, the company announced on Wednesday night that the companys products are automobile engine (including range extender), transmission and its parts, and at the same time sell part of the companys complete vehicle engine, confirming that there is no military business. In the first half of this year, the companys range extender revenue accounted for about 10% of the total operating revenue, which had a limited impact on the companys production and operation. On the eve of the launch of Dongan power market, the company issued a performance forecast, which is expected to turn the net profit into profit in the first half of the year. In addition, Dongan powers share price fluctuated around 4.5 yuan for several months, which is its bottom position in five years.
In recent years, with the slowdown of the pace of attack in the overall market, the hot science and technology themes and large financial sectors in the early stage have rapidly cooled down, but the transaction volume of the two markets is still hot, and the turnover of the two cities has exceeded trillion yuan for 16 consecutive days. Polycrystalline silicon, biological vaccines, generic drugs, cross-border e-commerce, national defense and military industry and other topics are rising rapidly and becoming new hot spots. Under the background of plate rotation acceleration, a number of stocks in the low range are ready to move, and some stocks even become super bull stocks. So, what other low-end stocks have the potential to rebound?
List of undervalued pocket stocks
Securities Times u00b7 data treasure found that there were 111 stocks with a market value of less than 10 billion yuan, closing price of less than 20 yuan, rolling P / E ratio of less than 50 times, and net profit of the first half of the year will achieve year-on-year growth, a total of 111 stocks. From the perspective of net profit growth, the net profit of 34 shares is expected to double according to the lower limit of semi annual report, express report and forecast net profit. Xinwufeng is expected to have the highest increase in net profit. Due to the rise of pig price, the company expects the net profit in the first half of the year to be 160 million yuan to 240 million yuan, with a year-on-year increase of more than 25 times. Pork concept shares Xinnong and TangRenShen are expected to increase net profit after xinwufeng. The net profit is expected to increase greatly in Tianjin Binhai Development Co., Ltd., Nanjing public utility Co., Ltd., Chunqiu Electronics Co., Ltd., Tianbao Infrastructure Construction Co., Ltd., and Yueyang Forest Paper Co., Ltd.
From the perspective of valuation, there are five stocks with the latest rolling P / E ratios at the single digit level, namely Ningbo united, Mingtai aluminum, Lianfa, Zhongyuan media, suihengyun a, etc. Ningbo Uniteds rolling P / E ratio was the lowest, 6.53 times. The company is mainly engaged in power, heat production and supply business, real estate business, wholesale business and residential service business. The net profit of the company in the first half of the year is expected to be about 300 million yuan, mainly due to the continuous delivery of yijiayuan phase II of Ningbo Liangzhu Cultural Industrial Park Development Co., Ltd.
In the above 111 shares, there is no lack of Beishang capital in favor of the target. Data shows that in the past month, Beishang capital has increased its holdings of more than one million shares in a total of 14 stocks, of which 5 shares, including Jidian, Huamao logistics, wal nuclear materials, Pengyao environmental protection and Zongshen power, ranked first. Jidian Co., Ltd. gained 39 million shares from Beishang capital, with the largest increase. The company expects the net profit in the first half of the year to be 447 million yuan to 487 million yuan, with a year-on-year increase of 113.22% to 132.3%.
Although the above stocks have rebounded recently, they are still in a relatively low range compared with the previous highs. Data show that, compared with the peak since 2015, nearly two-thirds of stocks have a correction rate of more than 50%. Caixin development, Jinbin development, Jidian, Fuan, Chongqing development and other stocks ranked in the top five, with the highest callback rate of 85.26%. The company is mainly engaged in real estate development business. In the first half of the year, the companys new housing projects and delivery scale have increased compared with the same period of last year, which promotes the increase of gross sales profit. It is estimated that the net profit in the first half of the year will be 18 million yuan to 27 million yuan, turning losses into profits year on year. (data treasure Liang Qiangang)
Source: Securities Times editor in charge: Yang Bin_ NF4368