July 23 Closing Market Review: As Samsung-SK Hynix Stabilize, Market Shifts — Now It's Time to Focus on Other Sectors with Confirmed Earnings

[July 23 Closing Market Review] As Samjeon-Nix held on, the market changed… Now it's time to look at 'other sectors' with confirmed earnings | Hong Seonae, Lee Gwonhui, Kim Jangyeol [Closing Bell Live]
Watch on YouTube ↗  |  July 23, 2026 at 08:53  |  1:13:01  |  3PRO TV (삼프로TV)
Speakers
Kim Jang-yeol — Reporter, The Bell
Lee Kwon-hee — CEO, Economist

Summary

In the July 23 closing review, Kim Jang-yeol and Lee Kwon-hee discuss how Alphabet's capex increase eased fears, sparking a strong KOSPI/KOSDAQ rally. With Samsung/SK Hynix stabilizing, they argue it is time to rotate into beaten-down sectors with confirmed earnings — power equipment, defense, shipbuilding, nuclear, solar, and second batteries. Lee provides granular ideas including a Naver AI data center JV thesis, Kakao's stablecoin catalyst, and a bullish Pharma Research report.

  • Market surges as Alphabet's capex increase soothes AI spending fears; KOSPI +4.4%, KOSDAQ +5.2%.
  • Kim Jang-yeol: investors should now shift from crowded Samsung/SK Hynix to other earnings-confirmed sectors.
  • Power equipment (LS Electric) called out for explosive earnings tied to AI-driven power demand.
  • Defense (Hanwha Aerospace, KAI, LIG Nex1) seen as oversold with a 3Q Middle East order pipeline.
  • Shipbuilding (HD Hyundai Heavy, Hanwha Ocean) attractive on strong 2Q earnings expectations and US political interest.
  • Lee Kwon-hee: Naver undervalued, potential AI data center JV with Brookfield/Nvidia could unlock value.
  • Kakao benefits from Circle stablecoin partnership and OpenAI collaboration momentum.
  • Samsung SDI leads 2nd battery recovery; solar stocks like OCI Holdings jump on resilient demand.
Ideas
Kim Jang-yeol Reporter, The Bell 18:12
AI power demand lifts LS Electric.
AI-related capital expenditure continues to drive power demand, and LS Electric just reported explosive earnings, making the beaten-down power equipment/transformer sector a clear beneficiary of rotation away from crowded Samsung/SK Hynix positions.
010120.KS HIGH
Kim Jang-yeol Reporter, The Bell 23:07
Defense stocks rebound on order pipeline.
Defense stocks like Hanwha Aerospace, Korea Aerospace, and LIG Nex1 have been unjustly sold off but possess a strong order pipeline from Middle East demand expected to materialize in the third quarter, and BlackRock raising its stake in Korea Aerospace adds a positive catalyst.
012450.KS 064350.KQ 047810.KS MED
Kim Jang-yeol Reporter, The Bell 24:24
Buy shipbuilding on dips for earnings.
The Korean shipbuilding sector has suffered heavy declines but second-quarter earnings expectations are strong (combined operating profit could exceed 2 trillion won), and with the US Congress visiting domestic shipyards and geopolitical demand persisting, buying on dips appears attractive.
042660.KS 329180.KS MED
Kim Jang-yeol Reporter, The Bell 25:38
Doosan Enerbility recovers on US nuclear.
Doosan Enerbility was cut in half despite no major contract loss; with a new Washington office opening, US nuclear project collaboration is expected to accelerate, providing a recovery catalyst for this oversold nuclear stock.
034020.KS MED
Lee Kwon-hee CEO, Economist 27:19
Samsung SDI leads battery recovery.
Samsung SDI is leading the second battery sector rebound, breaking above the 20-day moving average and signaling a trend change; the sector is driven by ESS demand and a third-quarter earnings turnaround, and SDI's leadership role makes it the key name to play the recovery.
006400.KS MED
Lee Kwon-hee CEO, Economist 29:43
Solar stocks bounce on strong demand.
Solar renewable energy stocks like OCI Holdings and HD Hyundai Energy Solution are rebounding sharply because solar demand remains robust in the US and domestic markets, with Korea planning 89 GW of solar by 2030, and the stocks were deeply oversold.
010060.KS 322000.KS MED
Lee Kwon-hee CEO, Economist 37:27
Naver AI data center deal unlocks value.
Naver is deeply undervalued and staging a turnaround; the company's recent high-level meetings with Brookfield and Nvidia point to a potential AI data center joint venture where Brookfield funds, Nvidia provides GPUs, and Naver operates, solving capital constraints and creating a new B2B cloud business, while aggressive institutional buying confirms the bottom.
035420.KS HIGH
Lee Kwon-hee CEO, Economist 38:02
Kakao rides stablecoin and AI partnerships.
Kakao benefits from two catalysts: its OpenAI collaboration is gaining traction as OpenAI's brand recovers, and its new partnership with Circle for stablecoin payments positions it to benefit from anticipated US stablecoin legislation progress.
035720.KS MED
Lee Kwon-hee CEO, Economist 47:13
Pharma Research undervalued, report clears doubts.
Pharma Research has been excessively beaten down despite a solid earnings track record; a newly released detailed analyst report systematically refutes market doubts and concludes the stock is deeply undervalued, with the company having never broken its earnings.
214450.KQ MED
Kim Jang-yeol Reporter, The Bell 55:10
Memory demand solid, SK hynix recovers.
Memory cycle fears are overblown; Tesla publicly thanking Micron for supplying 'significant' memory at 'reasonable' terms proves demand is robust and pricing is rational, not insane, supporting the view that SK hynix fundamentals are intact and the stock can recover once temporary ETF and ADR distortions are resolved.
000660.KS MED
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This 3PRO TV (삼프로TV) video, published July 23, 2026, features Kim Jang-yeol, Lee Kwon-hee discussing 010120.KS, 012450.KS, 064350.KQ, 047810.KS, 042660.KS, 329180.KS, 034020.KS, 006400.KS, 010060.KS, 322000.KS, 035420.KS, 035720.KS, 214450.KQ, 000660.KS. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jang-yeol, Lee Kwon-hee  · Tickers: 010120.KS, 012450.KS, 064350.KQ, 047810.KS, 042660.KS, 329180.KS, 034020.KS, 006400.KS, 010060.KS, 322000.KS, 035420.KS, 035720.KS, 214450.KQ, 000660.KS