Hot news of the week

• Pelosi, the "god of stocks", did it again! This time I bought technology stocks.

According to congressional strading.com, the stock trading database for members of Congress, House Speaker Nancy Pelosi (Nancy Pelosi) and her husband have purchasedCall options for several technology stocks, including Alphabet Inc-CL C, Roblox and Walt Disney CompanyThe transaction is worth millions of dollars.

In addition, Pelosi and her husband Paul also bought $Micron Technology Inc (MU.US) $和$CRM.US (Saifu) $Call option of. Paul is understood to run Financial Leasing Services, a real estate, venture capital and consulting firm.

It is reported that the transaction took place between December 17 and December 21. The database displays, whereThe costs involved in buying options for Sai FTSE and Alphabet Inc-CL C are the highest, between $500000 and $1 million.Other options trade between $250000 and $500000.

• The Ministry of Commerce will focus on promoting the sustained recovery of consumption, upgrading the energy level of traditional consumption, speeding up the development of new types of consumption, and stabilizing the basic market of foreign trade and foreign investment.

The meeting made it clear that next year, we should focus on promoting the sustained recovery of consumption and promoting a smooth domestic cycle. We will upgrade the energy level of traditional consumption, speed up the development of new types of consumption, do a good job in promoting consumption activities, promote the upgrading of consumption, and enhance the fundamental role of consumption in economic development. We will focus on stabilizing the basic market of foreign trade and foreign investment, promote domestic and international circulation, increase efforts to attract foreign investment, and raise a high level of open platform.

$pioneer non-essential consumer goods ETF (VCR.US) $ $pilot essential consumer goods ETF (VDC.US) $

• Which large-scale technology stocks to buy in 2022? Evercore ISI: four American stocks, including Meta and Amazon.Com Inc, are preferred.

Mark Mahaney, an analyst at Evercore ISI, said Amazon.Com Inc, UBER TECHNOLOGIES INC, Meta Platforms and Roku Inc would be the best choices for large tech stocks in 2022 "from a milder and more cautious standpoint".

Analysts believe that Amazon.Com Inc is the best choice for super-large market capitalization technology stocks, "can be said to be the best basic asset in the Internet industry." Uber is also seen as one of the best choices for big tech stocks next year: Uber will benefit as the global economy continues to reopen under the impact of the epidemic, and Mark Mahaney also sees Meta as one of the hot big tech stocks next year, he added. Analysts believe that under the leadership of Mark Zuckerberg, chief executive, the company will be able to "resolve" its two biggest problems: the lack of an ESG policy and any uncertainty associated with Apple Inc's new privacy policy.

Finally, Mark Mahaney also said he was bullish on Roku. Analysts believe that the company's average revenue per user is "undervalued"; in addition, the company's supply chain-related headwinds are "temporary and largely included in the current share price level".

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Review of the market

Institutional viewpoint

• Bridge Water Fund: when liquidity runs out, beware of these bubbles bursting

Bridgewater, a well-known hedge fund, has seen bubbles in a number of areas, including emerging technology stocks, special purpose buyout companies (SPAC), cryptocurrencies, collectibles, heterogeneous tokens (NFT), and so on. The Bridgewater team believes that the bubble they see is particularly pronounced in the United States.

'The question now is whether moderate Fed tightening will begin to eliminate these bubbles, 'Mr. Qiao said. Another key question is whether squeezing bubbles are "healthy or bad bodes well", both of which, according to Bridgewater, are both.

• Schroeder Investment: prepare for rising inflation

We believe that inflation in the United States is largely due to supply bottlenecks in the market since the resumption of the epidemic. For example, the price of used cars has risen by 20% year-on-year. The risk that inflation will continue to rise over a longer period of time has increased significantly and therefore needs to be guarded against.

We are more concerned about the potential impact of marginal profits, especially whether companies need to face higher production costs that cannot be passed on to consumers. Our annual analysis shows that the current inflation has not affected marginal profits because the pricing agreements signed between many enterprises and suppliers were already in force before the price soared. When the dust settles, whether companies can pass on the impact of price increases to consumers or other parts of the supply chain will be the focus of attention.

• Yoshimoto: optimistic about five themes in 2022

We believe the outlook is the most optimistic for companies that have the ability to adapt to changes in the regulatory framework and meet policy objectives such as digital innovation, green technology, affordable universal health care and improved livelihoods, according to Aberdeen. Here are five themes worth noting in 2022.

Ideal prospects for non-essential consumer goods:We are optimistic about companies that grasp the growth of the middle class. Although the Government has begun to lower the basic cost of living, it is believed that it will not crack down on the higher-end non-essential expenditure. We are optimistic about the regulatory risks of the liquor market on the grounds that the competition in the industry is benign, the price range is wide (that is, there is no monopoly), and liquor producers are the main tax-paying enterprises in China's relatively backward provinces.

Digital:Chinese enterprises have an advantage in software, on the one hand, because they are familiar with the domestic market, and on the other hand, the parties concerned tend to localize in areas such as network security and cloud services. Network security and data security are also an important part of national security, so it will help to further establish the localization and self-sufficiency of these two industries.

Environmental protectionChina has most of the world's renewable energy and storage capacity, accounting for 90% of solar energy and 75% of battery capacity. Economic decarbonization requires huge investment in renewable energy and storage, from which China is expected to benefit. Other industries will also contribute to decarbonization, so we expect investment in machinery upgrading and energy efficiency to increase. We believe that companies with optimistic prospects include solar wafer manufacturers, component manufacturers, battery and related component manufacturers, automation-related companies, and a company that specializes in grid upgrades to achieve the future of renewable energy.

Health:We believe that the policy goal of cheaper and more universal medical services is important to China's rapidly ageing society. Therefore, we are optimistic about a chain of ophthalmic hospitals, which provides non-essential eye care services to private patients. The localization of the manufacture and supply of medical equipment is another opportunity.

Wealth:Financial services play a key role in creating and safeguarding wealth, benefiting companies involved in building strong financial and capital markets, including China's best personal banks and software companies that support the development of capital markets, such as trading and portfolio management. Compared with other parts of the world, the penetration rate of insurance services in China is still low, coupled with the aging population structure, we believe that the potential market for life insurance and health insurance is quite large.

• Boshi Fund: software Convergence will become the trend of the Future

The new energy vehicle policy of the United States has made substantial progress again, and the penetration rate will accelerate in the future, and the policy will be favorable. Subsidies and tax credits are higher than before. On the consumer side, the tax credit policy has been relaxed; for car companies, the subsidy backslope restriction has been abolished.

It is suggested to pay attention to the long-term trend and short-term rhythm of green energy such as photovoltaic and wind power. The pressure on the photovoltaic supply chain is expected to ease steadily in 2022. Wind power has entered the stage of parity, the process of large-scale wind turbines has been accelerated, and the competitiveness of the industrial chain has been strengthened.

Electronic semiconductors have witnessed the trend of hardware convergence industry. Semiconductor boom, intensified differentiation; intelligence, electrification promote the vigorous development of automotive electronics; consumer electronics, mobile phones stable low-speed growth, VR/AR, Mini LED speed up growth; following hardware integration, software integration will become the future trend.

• CICC: firmly optimistic about the new energy market in 2022

Standing at the starting point of 2022, the electric vehicle plate fluctuated greatly. On this occasion, CICC once again reiterated that the demand certainty of the industrial chain in the middle reaches of new energy vehicles is high, the binding advantages of leading enterprise technology and the upstream and downstream of the industrial chain are highlighted, and the current time plate has reached the bottom area, firmly optimistic about the new energy market in 2022.

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