The relationship between the stock market and futures has never been so close: futures go up, stock prices go up, futures go down, stock prices go down, and the stock market has almost become the "shadow" of the futures market. In the future, financial markets including securities market, futures market and money market will be more and more closely linked. The price fluctuation in one market will bring great opportunities or risks to another market thousands of miles away. The recent "cold" of futures prices will cause a big "hot" of stock prices. Therefore, we need to look around, listen to both sides, be an amphibious person in the stock market and futures market, and carry a few more knives on our backs in order to defeat the enemy in the investment market.

QFII is a master of many financial products such as stock market, foreign exchange market and futures market. They can find the obvious upward trend of gold price in the futures market with a broad vision and intervene in Shandong gold and other gold stocks in advance, thus successfully digging out buckets of gold from the stock market. To sum up, stock market investors pay attention to the futures market, which can more accurately predict the company's performance, provide a basis for stock selection, and improve their own operational level:

1. The price discovery function of the futures market is the leading indicator to discover the performance growth of listed companies. Whether the stock price can go up depends not on the current performance, but on the future performance of the company, which is a basic common sense that everyone is familiar with. Therefore, finding the "dark horse" is the key to tap the companies whose performance is expected to increase substantially. The factors that determine a company's performance include Qian Qian, raw materials, cost, management and price. It is difficult for ordinary investors to find the factors that change the performance of the company, and it is even more difficult to quantify these factors. The price in the futures market is very transparent. If a company's products are traded in the futures market, it is easy for everyone to estimate the company's future performance through the changes in futures prices.

For example, the static performance of Nanning sugar industry is very poor. In the third quarter of last year, the earnings per share was only 0.0036 yuan, which was on the verge of loss. However, in the futures market, sugar prices continue to soar, and the company's future performance becomes inevitable. According to the increase of sugar price, we predict that the earnings per share will reach 0.90 yuan in 2006. Although the stock price has doubled, the winning rate in the dynamic market is still less than 10 times. Using a similar method, we can also estimate the performance of listed companies that produce zinc, copper and gold.

2. The price trend of the futures market provides a good basis for our stock selection. As most commodities traded in the futures market are bulk raw materials, price fluctuations directly affect the performance of related listed companies. For enterprises with raw materials, the price increase can benefit themselves, while for manufacturers of intermediate products and end products, the price increase of raw materials makes them victims. For example, we can try to find the stocks of companies that grow natural rubber (lack of A shares), but it is a big negative for tire companies that use natural rubber as raw materials, so for. At present, among futures varieties, metal varieties are generally in the high position, and the low position is mostly agricultural products, such as corn, cotton, soybeans, sugar and so on. Companies engaged in the production of related agricultural products are worthy of attention in the medium and long term, such as the new agricultural development (600359) engaged in cotton planting, which has benefited greatly in the process of cotton rising.