Which stocks are cyclical?

Which stocks are cyclical stocks _ The outbreak time of cyclical stocks

A large number of stocks in China A-share market belong to cyclical stocks, and the trend of these stocks is usually consistent with the economic development cycle. The following are the stocks sorted by Bian Xiao, which belong to cyclical stocks, for reference only, hoping to help everyone.

Which stocks are cyclical?

The most important cyclical stocks in China include stocks in basic raw materials industries such as steel, nonferrous metals and chemicals, and stocks in capital-intensive industries such as cement, construction machinery, machine tools, heavy trucks and equipment manufacturing. Because the demand of these industries will be quite high when the economy is booming, and the company's operating conditions will be quite good, so stocks will also be sought after by many investors, and will be extremely strong from now on, but it will be the opposite when the economy is depressed.

In addition, stocks of consumer goods such as automobiles, high-end liquor, high-end clothing, luxury goods, aviation and hotels. It is also a cyclical stock. When the economy is strong, people's income will naturally increase, and the demand for consumer goods will also rise. The share prices of these industries will definitely strengthen.

Most companies will be affected by the economic cycle, which is also the fundamental reason for the formation of bull market and bear market. Therefore, the key to investing in cyclical industry stocks is to accurately grasp the opportunity. If you can intervene before the bottom of the cycle, you will get the richest return on investment, but if you buy at the wrong time and place, such as when the cycle reaches the top, you will suffer serious losses, and you may have to wait for 5 years or even 10 years to usher in the recovery and upsurge of the next cycle.

When do cyclical stocks usually break out?

Cyclic stocks generally break out when the turning point of the industry is about to appear, or when there is a problem in market supply. For example, when the economic cycle, pig cycle and chicken cycle appear, it is often the time when the turning point of the industry is about to change. When the market demand changes in a short time due to war, flood, substitution and other reasons. , it will bring the situation of tight sales of listed companies' products, thus increasing their performance, and natural cycle stocks will break out.

The outbreak of cyclical stocks is often caused by the return of stock value, that is, Davis double-clicks that profits and valuations are repaired simultaneously. However, before the cyclical stocks start, we often suffer for a long time. For example, the stock price has fallen for a long time because the industry has not had an inflection point, and the stock will be delisted because of the continuous fluctuation of the industry. These are the keys to our loss.

Obviously, when the pig cycle came last year, a pig stock was directly delisted, which was undoubtedly caused by the arrival of the turning point of the industry and the inability of enterprises to carry it. The definition of cyclical industry is an industry that is very sensitive to the price fluctuation of a product that affects the operation of enterprises, so we can see that crude oil, coal, natural gas, petrochemical, cement, most agricultural products and agricultural and sideline products, aviation, real estate, transportation, banking, securities, trust and so on all belong to this category.

In this regard, the outbreak of cyclical stocks generally has the following outbreak positions:

1 leading companies in the industry are also unable to hold back because of the loss of their main products. At this time, the industry is often about to break out.

The emergence of new technologies and new products has promoted the upgrading of production capacity in the whole industry. At this time, cyclical stocks will break out.

3 the change of economic cycle, at this time, finance, energy and nonferrous metals will change accordingly.

4. The impact of unexpected events, such as the occurrence of swine fever, will lead to a large number of deaths of pigs, pork will become in short supply, and pork stocks will continue to rise.

5 Currency impact, such as the depreciation of RMB in the medium and long term, will lead to the performance explosion of enterprises holding more foreign currencies.

Generally speaking, cyclical stocks tend to double or even rise when the cycle is reversed, attracting investors from generation to generation to buy. But in fact, the inflection point of cyclical stocks is difficult to grasp. Therefore, in operation, we must have enough patience and understanding of the industry, otherwise it is easy to buy ahead of time and be buried, or underestimate the market sentiment and sell ahead of time.

Pro-cyclical stocks include

I. Banking Unit

Industrial and Commercial Bank, Agricultural Bank, China Bank, China Construction Bank, Bank of Communications, Huaxia Bank, Minsheng Bank, China Everbright Bank and China Merchants Bank.

Second, real estate stocks.

Vanke A, Century Xingyuan, Shenzhen Ye Zhen A, china baoan, Shenzhen Property A, Shahe, China Merchants Property, Shenfang A, COFCO, Hualian Holdings, Baoan Real Estate, Shenzhen Great Wall, AVIC Real Estate, Oceanwide Construction, Shenzhen Commercial Bank, shenzhen huaqiang, Yihua Real Estate, Financial Street and Lv Jing Holdings.

Three, building materials, stock city investment holding, China Railway Second Bureau, Shanghai Construction Engineering, North International, South Building Materials.

Fourth, the stock of infrastructure.

Building decoration, construction machinery, cement building materials, highway and railway bridge construction, high-speed rail and other sectors.