Ideas
Tom Lee
Managing Partner & Head of Research, Fundstrat
8:44
Fed dovish supports US equities.
Tom Lee argued the Fed will be dovish in 2026 because the inflation-fighting regime is over and QE-like support is returning; that puts a floor under equities, so investors should buy dips.
Tom Lee
Managing Partner & Head of Research, Fundstrat
10:45
Buy gold and silver on dips.
Precious metals remain favored despite volatility because Tether keeps buying gold, Chinese silver demand is so hot that related ETF-like products trade at a large premium, and dips should be bought in tranches.
Tom Lee
Managing Partner & Head of Research, Fundstrat
11:35
Favor Mag7, Bitcoin, Ethereum.
He continues to prefer the Magnificent 7, Bitcoin, and Ethereum, saying they held up relatively well and should be accumulated on adjustments with targets unchanged.
Watch Bitcoin around Strategy cost.
Bitcoin's drop to Strategy's average cost is a key market line; if Strategy does not sell, liquidation-driven weakness may mark a bottom, but forced selling is the main risk.
Gold target remains $6,000.
Gold's crash was mostly an overheated positioning unwind; long-term upside forecasts remain valid, including calls for $6,000 and JPMorgan target increases.
Energy gains as funds rotate.
WTI turned positive on a monthly basis for the first time in half a year, PPI rose on commodity prices, and geopolitical risk may rotate funds from precious metals into energy.
US demand and liquidity support stocks.
Foreign demand for US equities remains strong, tax-refund liquidity is building, and the market drop looks like short-term volatility rather than a reason to panic.
Yen and won may weaken.
A likely Takachi election win implies more yen weakness, and the dollar rebound plus yen weakness can also push the won weaker, raising FX volatility.
Tesla benefits from xAI-SpaceX link.
Tesla rose because its xAI preferred stake gives shareholders exposure to a possible xAI-SpaceX combination, and the shift toward Optimus adds a robot narrative.
Apple AI execution remains unconvincing.
Apple's AI strategy remains unclear, key AI personnel left for Meta and Google, and the market's confidence in Apple's AI execution has weakened despite iPhone strength.
SanDisk benefits from memory shortage.
SanDisk is a core memory-chip beneficiary; earnings and target upgrades are chasing the stock because the memory shortage is severe.
SoFi dip may be opportunity.
SoFi fell after customer Chime left, but annual growth remains intact, so the drop may be a buying opportunity.
Chevron gains from Venezuela opening.
Chevron benefits as Venezuela allows private producers more autonomy, potentially increasing volumes by up to 50%.
Gold, silver, crypto rally may pause.
Warsh is critical of balance-sheet expansion and QE, so the liquidity-driven rallies in gold, silver, and crypto may pause or correct.
Avoid Korea on weak fundamentals.
Korea's economic fundamentals are not good; he advises risk management, less aggressive leverage, and diversification into overseas assets rather than concentrated domestic exposure.
Oil spike unlikely on supply.
WTI is rebounding from low levels, but diversified shale supply means Iran or OPEC are unlikely to push oil back to $80-$100.
US equities rise into midterms.
US liquidity is abundant, the Treasury General Account can release funds, SOFR-IORB stress has normalized, and he assumes upward bias into the November midterms.
AI semiconductor demand remains strong.
ASML and TSMC results show AI demand continues, supporting the semiconductor equipment and foundry supply chain.
Google is best AI complete play.
Google is a rare company that both generates cash and spends it, with cloud and full-stack AI exposure; he picks it as the best of the megacaps.
Broadcom is core AI winner.
Broadcom is named alongside Google as a best-of-breed megacap AI winner.
Semiconductor correction is near-term risk.
High-volume negative or doji candles in leading semiconductors after a steep rally are a first sell signal, and February is likely a period of profit-taking and confirmation.
Gold and silver need consolidation.
Gold and silver overshot Wall Street targets, so the crash is an unwind of an overbought position rather than a fundamentally driven end to the trend.
Korea outperforms US on fundamentals.
The US is more liquidity-driven while Korea has earnings and fundamental improvement, so the Korean market can hold up better than the US.
Battery sector needs EV or ESS proof.
The Korean battery sector is supported by sentiment, but further upside needs evidence from EV recovery or ESS earnings; the robot narrative alone is not enough.
Korean biotech may be bottoming.
ABL Bio fell after Sanofi deprioritized its BBB platform, dragging biotech; if ABL Bio bottoms, Korean biotech can become attractive again.
Korean cosmetics benefit from Chinese tourists.
Korean cosmetics are strong on Chinese inbound tourism expectations and a possible easing of China-related restrictions.
Seoul terminal redevelopments offer upside.
Seoul terminal land redevelopment stories such as Seobu T&D and Sampyo Cement are benefiting from government supply-expansion expectations and faster urban redevelopment.
Hyundai Motor needs new robot catalyst.
Hyundai Motor's chart has broken after a double top, and it needs a fresh robot catalyst or a big-tech partnership to resume its re-rating.
KOSDAQ has strong dip demand.
Individual investor sentiment and ETF inflows remain strong; KOSDAQ dips are being bought, and the index can rise further if retail confidence returns after the early selloff.
Lee Jaeman
Head of Global Investment Analysis, Hana Securities Research Center
203:34
Buy Korean chips and Hyundai.
January-leading semiconductors and autos usually lead the first half; he calls the pullback a buying opportunity in Samsung Electronics, SK hynix, and Hyundai Motor.
Lee Jaeman
Head of Global Investment Analysis, Hana Securities Research Center
203:34
Buy Korean chips and Hyundai.
Hyundai's Atlas robot is still pre-production and loss-making, similar to early Tesla, so robot commercialization can drive further multiple expansion for Hyundai Motor.
Lee Jaeman
Head of Global Investment Analysis, Hana Securities Research Center
205:48
KOSDAQ can close valuation gap.
KOSDAQ has underperformed KOSPI by an extreme historical gap, and a simple mean reversion could give about 24% upside toward 1400-1500.
Lee Jaeman
Head of Global Investment Analysis, Hana Securities Research Center
219:50
Cosmetics gain when rates fall.
Cosmetics are depressed by passive ETF supply, but when long-term bond yields fall, consumer sectors including cosmetics and hotels can gain.
KOSPI enters valuation-led bull market.
Korea is emerging from a 17-year sideways market; historical bull markets are driven by valuation expansion, and KOSPI PBR can rise toward 2 from around 1.68.
Buy Korean leaders on weakness.
In a confirmed bull market, leading Korean stocks remain the place to buy on weakness; if fully investing, start around 30% in leaders such as semiconductors and cosmetics.
Korean stocks attractive in first half.
Warsh-related panic is temporary; Korean equities are still supported by semiconductor EPS growth, policy-driven PER expansion, and dividend growth that can triple as Samsung and SK hynix profits rise.
Royal Caribbean rides cruise travel trend.
Royal Caribbean is benefiting from a travel trend shift toward cruises among younger consumers, all-inclusive value, concerts, and capacity growth; revenue grew about 40% year over year.
AI threatens game content companies.
Google Project Genie can generate interactive game worlds, threatening game content and digital marketing companies like Roblox and Unity.
AI accelerates robots and digital twins.
Project Genie and AI-generated digital twins can accelerate robot development; Korean robot names such as Rainbow Robotics and Hyundai Glovis rebounded on this theme.
AI accelerates robots and digital twins.
Hyundai Glovis is preferred over Hyundai AutoEver because Glovis has a clearer value anchor through its Boston Dynamics stake, while AutoEver's robot exposure is more imaginative.
Google dominates B2B AI and cloud.
Alphabet is the AI complete play because Gemini has cloud, B2B AI, and consumer distribution; B2B and price competitiveness make Google hard to beat.
Samsung affiliates add AI customers.
Samsung Group affiliates are gaining new AI superplayers as customers: Samsung Electronics with Tesla and Nvidia, Samsung Electro-Mechanics with Nvidia FCBGA, Samsung SDI with Tesla ESS, and Samsung C&T with SMR and space launch, driving group-wide multiple expansion.
SK hynix has ADR re-rating potential.
SK hynix has the stronger AI memory narrative, shareholder-return improvements including large buybacks, a 10% OP employee bonus, and potential ADR listing that could close the valuation gap with Micron.
Goldman benefits from deregulation and buybacks.
Goldman Sachs trades below its 10-year average PBR, and Basel III easing plus antitrust relief could boost M&A, IPOs, buybacks, and dividends.
KOSDAQ policy pulls institutional money.
Institutional KOSDAQ evaluation benchmarks, National Growth Fund tax benefits, and real money inflows are becoming concrete, pulling institutions into KOSDAQ.
Harim Holdings is cheap KOSDAQ value.
Harim Holdings is the cheapest KOSDAQ large-cap value name with PBR around 0.55, owns Pan Ocean, and should benefit as institutions add KOSDAQ exposure.
Hyundai Glovis beats Hyundai AutoEver.
Hyundai Glovis is preferred over Hyundai AutoEver because Glovis has a clearer value anchor through its Boston Dynamics stake, while AutoEver's robot exposure is more imaginative.
Korean securities gain from KOSDAQ policy.
KOSDAQ support policies and rising transaction value should lift securities earnings; he highlights high-retail-share brokers and names Mirae Asset Securities, Samsung Securities, and Kiwoom Securities.
Tourism and beauty gain from China inbound.
Chinese inbound tourism is set to rise because Chinese travel to Japan is still half of normal and Japan tours are being canceled; Seollal and Chun Jie overlap with tourism, and beauty and medical aesthetics have high margins.
This 3PRO TV (삼프로TV) video, published February 02, 2026,
features Tom Lee, Park Myung-sung, Lee Chun-kang, Park Byeong-chang, Jang Woo-jin, Lee Jaeman, Kim Jung-hwan, Lee Yeok-jin
discussing SPY, GLD, SILVER, MAGS, BTC, ETH, WTI, XLE, USD/JPY, USD/KRW, TSLA, AAPL, SNDK, SOFI, CVX, EWY, AI Semiconductors, GOOGL, AVGO, Korean Semiconductors, KARS, ABL Bio, Korean Biotech, Korean cosmetics, Seobu T&D, 038500.KQ, 005380.KS, KOSDAQ, 005930.KS, 000660.KS, Korean consumer, RCL, RBLX, U, 277810.KQ, 086280.KS, 009150.KS, 006400.KS, 028260.KS, GS, 003380.KQ, 307950.KS, Korean securities sector, 006800.KS, 016360.KS, 039490.KS, Korean tourism, Korean medical aesthetics.
49 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Tom Lee,
Park Myung-sung,
Lee Chun-kang,
Park Byeong-chang,
Jang Woo-jin,
Lee Jaeman,
Kim Jung-hwan,
Lee Yeok-jin
· Tickers:
SPY,
GLD,
SILVER,
MAGS,
BTC,
ETH,
WTI,
XLE,
USD/JPY,
USD/KRW,
TSLA,
AAPL,
SNDK,
SOFI,
CVX,
EWY,
AI Semiconductors,
GOOGL,
AVGO,
Korean Semiconductors,
KARS,
ABL Bio,
Korean Biotech,
Korean cosmetics,
Seobu T&D,
038500.KQ,
005380.KS,
KOSDAQ,
005930.KS,
000660.KS,
Korean consumer,
RCL,
RBLX,
U,
277810.KQ,
086280.KS,
009150.KS,
006400.KS,
028260.KS,
GS,
003380.KQ,
307950.KS,
Korean securities sector,
006800.KS,
016360.KS,
039490.KS,
Korean tourism,
Korean medical aesthetics
