Ideas
Big Tech earnings can revive leadership
The US market is taking a breather rather than reversing. Big Tech earnings start in late January, and that could revive expectations for Big Tech; he expects leadership to return once the investment cycle turns toward monetization.
Shin Chan-ho
Team Lead, Domestic Equity Strategy, Hana Securities THE Centerfield W
3:48
KOSPI can reach 5,000 this week
KOSPI is likely to reach 5,000 soon, possibly within the week. Liquidity is abundant, and large caps such as Samsung Electronics and SK hynix are not causing rotation out of other stocks; instead, the market is rising broadly. Earnings estimates favor Korea over the US, and the index can rise faster than expected. He advises staying on the running horse rather than getting off.
Small caps are starting to outperform
Russell 2000 has risen more than 8% in the first three weeks of January while the S&P 500 is up about 1.6%. Rate-cut expectations are driving underowned small caps, suggesting the market's leadership flow is changing.
TSMC capex lifts equipment, but be selective
After TSMC's stronger-than-2025 capex guidance, semiconductor equipment stocks hit 52-week highs. However, because it is earnings season, investors should be selective and let results differentiate the stocks.
Memory earnings revisions outpace share prices
Memory earnings estimates are rising faster than share prices, pushing P/E down and leaving room for further gains. JP Morgan's 2026/2027 semiconductor outlook indicates memory sales are leading while stock prices lag, and lower valuations as sales grow support more upside. Memory makers are also not aggressively adding supply despite call-demand concerns, so the price upcycle can last longer. This supports Samsung Electronics, SK hynix, and Micron.
Alphabet is best full-stack AI play
Alphabet is the only full-stack AI company, with data centers, cloud, TPU, Gemini, search, ads, and YouTube inside its own ecosystem. It has eight services with over 2 billion users. As AI competition continues, peers must spend on GPUs and other components, while Alphabet can monetize internally. Its revenue rebound momentum is more certain than Nvidia's, so capital may rotate toward Alphabet; Nvidia faces growth-deceleration and margin worries.
Alphabet is best full-stack AI play
Alphabet is the only full-stack AI company, with data centers, cloud, TPU, Gemini, search, ads, and YouTube inside its own ecosystem. It has eight services with over 2 billion users. As AI competition continues, peers must spend on GPUs and other components, while Alphabet can monetize internally. Its revenue rebound momentum is more certain than Nvidia's, so capital may rotate toward Alphabet; Nvidia faces growth-deceleration and margin worries.
2026 favors AI companies that make money
2026 will differ from 2025 because markets will not rise on news alone. Companies that actually make money from AI should lead. Alphabet is his representative name for this theme.
Shin Chan-ho
Team Lead, Domestic Equity Strategy, Hana Securities THE Centerfield W
20:51
Watch hyperscaler capex for Korean memory
For Samsung Electronics and SK hynix shareholders, the key leading signal is Q1 conference calls from US Big Tech and hyperscalers. If they raise capex guidance and power bottlenecks ease, Korean memory and the Korean market should move up; if investment slows, it would be a warning.
Shin Chan-ho
Team Lead, Domestic Equity Strategy, Hana Securities THE Centerfield W
22:18
Korea nuclear partners benefit from power demand
AI demand makes power the key bottleneck for semiconductors. Nuclear is a core power solution, and the Trump administration is pushing legislation to shorten nuclear construction times. Korea is the realistic partner for US nuclear construction; Hyundai E&C should begin related revenue this year and has potential orders in 2026, allowing valuation to pull forward. The nuclear sector has reason to be strong early in the year.
US on-site power names hit highs
US power demand is urgent, especially from data centers. Because nuclear takes too long, the US is focusing more on on-site power generation. Companies such as GE Vernova and Bloom Energy are hitting new highs for this reason.
Large nuclear beats SMR; Cameco benefits
In US nuclear, recent leadership is in large nuclear value chains rather than SMRs. Cameco owns 49% of Westinghouse and holds many large nuclear patents, and large nuclear-related stocks have held up better. Korea also has more large nuclear value-chain exposure than SMR exposure, so the sector is splitting by sub-theme.
Large nuclear beats SMR; Cameco benefits
In US nuclear, recent leadership is in large nuclear value chains rather than SMRs. Cameco owns 49% of Westinghouse and holds many large nuclear patents, and large nuclear-related stocks have held up better. Korea also has more large nuclear value-chain exposure than SMR exposure, so the sector is splitting by sub-theme.
Shin Chan-ho
Team Lead, Domestic Equity Strategy, Hana Securities THE Centerfield W
27:33
Prepare raw materials as next leadership theme
US reshoring is constrained by labor and resources. Automation and robotics can replace labor, but not resources. US moves regarding Venezuela and Greenland are aimed at securing oil, gold, rare earths, titanium, nickel, and lithium. In stocks, this supports defense companies, shipbuilding as a defense play, excavator makers such as Hyundai Construction Equipment, and commodity mining/trading companies. He suggests keeping core exposure to current leaders but gradually adding raw-material beneficiaries, especially for H2, when reducing memory and autos.
Shin Chan-ho
Team Lead, Domestic Equity Strategy, Hana Securities THE Centerfield W
27:33
Prepare raw materials as next leadership theme
US reshoring is constrained by labor and resources. Automation and robotics can replace labor, but not resources. US moves regarding Venezuela and Greenland are aimed at securing oil, gold, rare earths, titanium, nickel, and lithium. In stocks, this supports defense companies, shipbuilding as a defense play, excavator makers such as Hyundai Construction Equipment, and commodity mining/trading companies. He suggests keeping core exposure to current leaders but gradually adding raw-material beneficiaries, especially for H2, when reducing memory and autos.
Shin Chan-ho
Team Lead, Domestic Equity Strategy, Hana Securities THE Centerfield W
30:32
Rising lithium drives Albemarle earnings upside
Albemarle is a high-purity lithium play. Lithium prices have rebounded to about $22/kg from around $13/kg. Management said EBITDA margins improve quickly when lithium rises, which can drive steep EPS growth. He expects strong guidance at the Q4 earnings call, creating a trading opportunity.
Buy midterm election year corrections
US midterm election years since the 1950s have usually seen meaningful corrections of 10% or more. However, those corrections have typically been followed by stronger rebounds, so investors should use election-year corrections as buying opportunities rather than fearing them.
This 3PRO TV (삼프로TV) video, published January 19, 2026,
features Lee Seong-won, Shin Chan-ho
discussing US Big Tech, EWY, IWM, US semiconductor equipment, 005930.KS, 000660.KS, MU, GOOG, NVDA, AI-SECTOR, Korean nuclear power sector, 000720.KS, GEV, BE, CCJ, SMR nuclear stocks, Raw materials/commodities, 267270.KS, Commodity trading companies, ITA, Shipbuilding, ALB, SPY.
17 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Seong-won,
Shin Chan-ho
· Tickers:
US Big Tech,
EWY,
IWM,
US semiconductor equipment,
005930.KS,
000660.KS,
MU,
GOOG,
NVDA,
AI-SECTOR,
Korean nuclear power sector,
000720.KS,
GEV,
BE,
CCJ,
SMR nuclear stocks,
Raw materials/commodities,
267270.KS,
Commodity trading companies,
ITA,
Shipbuilding,
ALB,
SPY
