[Brokerage firms’ “golden stocks” in October reflect layout ideas and market pricing is expected to return to fundamentals] On October 8, a new batch of brokerage firms’ monthly investment “golden stocks” have been released recently. Wind data shows that as of October 7, when a China Securities Journal reporter went to press, more than 220 A-share and Hong Kong stock targets had been shortlisted for the brokerage's October 2026 "golden stock" portfolio. Judging from the frequency of recommendations, WuXi AppTec has once again become the most popular monthly investment target among securities firms, and Hong Kong stock targets such as Tencent Holdings have received relatively high attention. Regarding the trend of A-shares after the National Day holiday, industry insiders have judged that the suppressive effect of macro variables on the market may subside in stages, and domestic and foreign companies will enter the third quarter performance disclosure window period of listed companies. The market's pricing focus is expected to return to the industrial boom, and risks may increase slightly after the holiday. Preference, the emergence of the turning point in U.S. bond yields is the core condition for further increasing positions; for the Hong Kong stock market, in the future, we need to pay attention to the release of the minutes of the Federal Reserve’s September monetary policy meeting and the auction of U.S. 10-year Treasury bonds to seek clues on the path of interest rates, and its mid-term reversal has not yet been confirmed. (China Securities Journal)