Ideas
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
2:21
Nvidia and Apple uptrends likely continue.
Nvidia and Apple account for about 15% of the S&P 500 and their technical trends are strongly upward; Mark expects that trend to continue for the time being.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
2:31
S&P 500 pullback is a buy.
Recent two-day pullback caused no major technical damage; Nvidia and Apple, roughly 15% of the S&P 500, remain in uptrends, so the index should rebound to new highs. Any correction should still be treated as a buying opportunity, though cross-asset volatility may spread to stocks.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
2:56
Software set for tactical rebound.
Software ETF IGV has fallen near its 2022 support, and large software names such as Microsoft and Palantir are at short-term support. Mark sees this week as a possible bottom and favors a tactical 3-5 week rebound trade, not a buy-and-hold through 2026.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
4:06
Defensive sector rotation is underway.
Market rotation has moved from utilities and healthcare into consumer staples and REITs, showing defensive sectors are attracting capital. Mark treats it as an ongoing rotation rather than a clean long-term directional call.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
4:29
Telecom sector shows strong rotation.
Verizon's strength has revived telecom, with AT&T and the big four telecom/communication names recovering about half of their weakness since last autumn. Mark flags this as an interesting rotation within S&P 500 communication services.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
4:55
Precious metals rebound is tactical.
Gold and precious/industrial metals fell sharply, with gold down about 11% in one day. A bottom is forming and a rebound looks near, but Mark lacks confidence for a multi-month hold, so any entry should be a short-term tactical rally.
Warsh nomination supports dollar strength.
Kevin Warsh's nomination suggests the Fed will not cut rates aggressively, which supports dollar strength; the dollar has already risen and that move may continue.
Structural gold demand supports long-term upside.
Despite high volatility, gold's structural demand from central banks and emerging markets remains strong; JPMorgan says clients need 5-10% gold allocation versus just over 3% now and targets $6,500, while UBS advises waiting for volatility to cool.
Base metals may lead next rotation.
Daishin Securities argues it is time to focus on base metals rather than precious metals, naming copper and zinc, with rare earths/critical minerals also in play; historical liquidity cycles rotate from precious metals to base metals to energy, and the $12B Project Vault critical-minerals stockpile keeps attention on the group.
Bitcoin bottoming but lacks catalyst.
Crypto is in panic/capitulation and historical bottoms have followed such sentiment, but Bitcoin lacks fundamental support; strong ISM manufacturing data makes Fed cuts harder and keeps yields high, so it needs a policy or liquidity catalyst. Strategy's 855 BTC purchase provides some downside support, but the market remains a tug-of-war.
Oracle financing validates data-center spending.
Oracle's $50B financing plan initially pressured the stock because it signals cash needs, but Guggenheim's $400 target and Fitch's maintained rating show confidence that data-center/AI investment can continue and leverage will decline by FY2027-28; Oracle helps validate that AI/data-center spending is not a bubble.
Memory chips benefit from data centers.
Oracle's financing validates continued data-center construction and AI demand, benefiting memory semiconductors; Micron rose, SanDisk surged more than 10%, and Western Digital jumped as data-center-related memory demand stayed strong.
Optical fiber benefits from AI efficiency.
Even if data centers are not built as aggressively, efficiency concerns remain; Corning is a data-center optical-fiber play, and Lumentum and Coherent hit new highs as the optical-fiber theme trends upward.
SK hynix likely rises with memory peers.
SanDisk and Western Digital's overnight surge should support SK hynix today as a memory peer, with Park explicitly expecting SK hynix to rise.
Data-center equipment demand supports CAT, GEV.
Caterpillar and GE Vernova are data-center/power infrastructure beneficiaries, and their positive results support the view that AI data-center demand has returned.
Alphabet's AI and future bets strong.
Alphabet is not just a cloud story: Google Cloud is growing with AI momentum, Project Genie shows AI/game-engine innovation, and Waymo's valuation is rising toward $100B. Cloud is now baseline, while future-industry assets and conference-call commentary could drive upside.
Lilly invests to catch up obesity market.
Eli Lilly is investing $3.5B in a new Pennsylvania plant and developing next-generation obesity candidates with better efficacy than oral options, showing confidence it can catch up to Novo Nordisk despite being a latecomer.
Palantir's Rule of 40 is exceptional.
Palantir's Rule of 40 metric reached 127, up from 110 last quarter, indicating exceptional growth-plus-margin performance, and the stock rose on that strength.
This 3PRO TV (삼프로TV) video, published February 02, 2026,
features Mark Newton, Park Myung-sung
discussing NVDA, AAPL, SPY, IGV, MSFT, PLTR, XLU, XLV, XLP, VNQ, US Telecom Sector, VZ, T, TMUS, CMCSA, XLC, GLD, SILVER, USD, COPPER, DBB, REMX, BTC, ORCL, SMH, MU, SNDK, WDC, Optical fiber, GLW, LITE, COHR, 000660.KS, CAT, GEV, GOOGL, LLY.
18 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Mark Newton,
Park Myung-sung
· Tickers:
NVDA,
AAPL,
SPY,
IGV,
MSFT,
PLTR,
XLU,
XLV,
XLP,
VNQ,
US Telecom Sector,
VZ,
T,
TMUS,
CMCSA,
XLC,
GLD,
SILVER,
USD,
COPPER,
DBB,
REMX,
BTC,
ORCL,
SMH,
MU,
SNDK,
WDC,
Optical fiber,
GLW,
LITE,
COHR,
000660.KS,
CAT,
GEV,
GOOGL,
LLY
