Which stocks will rise after the epidemic is relaxed?

Concept stocks that are good for the epidemic include mask concepts, protective clothing concepts, ventilator concepts, disinfectant concepts, vaccine concepts, etc. Among them, the stocks involved in the mask concept include Sinopec, Renhe Pharmaceutical, etc.; the protective clothing concept involves Xinlong Holdings, Beihua Holdings, etc.; the ventilator concept involves Yuyue Medical, Mindray Medical, etc.; disinfection The liquid concept involves Shenyang Chemical Industry, Chlor-Alkali Chemical Industry, etc.; the vaccine concept involves stocks such as Zhongyuan Shares, Liaoning Chengda, etc. After the epidemic is over, the stocks that may rise sharply include: Gujing Gongjiu (000596), Shede Liquor (600702), Jiugui Liquor (000799), Laobaigan Liquor (600559), Kweichow Moutai (600519), Caesar Tourism (000796) ), Guangzhou Restaurant (603043), Lingnan Holdings (000524), Jinjiang Hotel (600754), Beijing Tourism Hotel (600258), Yunnan Tourism (002059), etc.

1. The income that stock holders receive from a joint-stock company based on their stocks is dividends. The distribution of dividends depends on the company's dividend policy. If the company does not pay dividends, shareholders have no right to receive dividends. Preferred stockholders receive a fixed amount of dividends, while common stockholders receive dividends tied to the company's profits. Dividends to common shareholders are distributed after preference shareholders. Only after all preference shareholders have received the dividends they have been promised in full can common shareholders have the right to pay dividends. Stocks are only ownership certificates for the actual capital owned by a joint-stock company, and are certificates for participating in company decision-making and claiming dividends. They are not actual capital, but only indirectly reflect the status of actual capital movement, thus appearing as a kind of fictitious capital.

2. In stock investment, the actual rise and fall of the stock price often does not match the expected rise and fall. In this case, investors may not be able to obtain expected returns, or even suffer losses. . Risk refers to the deviation between actual returns and expected returns. Risks can be divided into systemic risks and unsystematic risks. Expected return, also known as expected return, refers to the return that can be predicted based on known information if no unexpected events occur. Systematic risk and non-systematic risk in the stock market can be described by the capital asset pricing model. Beta (β) in the model reflects systemic risk, and alpha (α) reflects non-systematic risk. Beta reflects the sensitivity, or elasticity, of a stock asset's returns to market fluctuations. Alpha reflects the excess return level of the stock. When alpha is positive, it is a positive outperformance, and when alpha is negative, it is a reverse outperformance.