Micron's Proof! 'Surge' After Earnings Announcement...New York Stock Market Closes Mixed

Summary

The broadcast focuses on Micron's blockbuster earnings and their far-reaching impact. Micron’s results crush AI bubble fears, turbocharging Korean memory stocks Samsung and SK Hynix. Analysts argue for a structural memory supercycle, while SK Hynix’s upcoming ADR adds a catalyst. The program also explores the semiconductor equipment boom, winners from lower oil prices, shipbuilding’s long order backlogs, and crypto outlooks where Ethereum is favored over a troubled Bitcoin.

• Micron's Q3 FY2024 EPS far exceeded consensus with 85% gross margin and strong Q4 guidance, dispelling AI peak concerns.
• Kim Jang-yeol argues Micron’s valuation is only ~7-8x forward P/E, making Samsung and SK Hynix even more attractive as HBM leaders.
• SK Hynix’s ADR listing (July 10) will unlock US passive demand and narrow its discount to Micron.
• Park Hyun-ji recommends semiconductor equipment and materials ETFs as capex spending surges.
• Falling WTI crude below $70 boosts airlines and KEPCO; Park Byung-chang recommends buying these beaten-down sectors.
• Yoo Jae-sun sees shipbuilders’ record backlogs and new catalysts (submarine exports, data center engines) fueling continued rally.
• Kim Joon-woo views Ethereum’s commercial restructuring positively and suggests long-term accumulation.
• Bitcoin faces headwinds from Strategy’s (MSTR) liquidity squeeze, tempering crypto optimism.