New York Stock Market Closes Down Amid Oil Price and Interest Rate Burden...Google Earnings 'Exceed Expectations'
[26.07.23 Morning Broadcast Full View] New York Stock Market Closes Down Amid Oil Price and Interest Rate Burden...Google Earnings 'Exceed Expectations
Speakers
Park Seung-young
— Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
Park Byeong-chang
— Director, MP Partners
Ha Bo-no
— Guest
Park Sung-min
— CEO
Park Hyun-ji
— Manager
Kim Jun-woo
— CEO, Xangle
Summary
The video covers the recent earnings reports of major US tech companies like Alphabet and Tesla, analyzing their impact on the global and Korean stock markets. Experts discuss the high volatility in Korean semiconductor stocks, which is exacerbated by leveraged ETFs, and suggest alternative investment strategies such as covered calls, US equities, and robotics. Additionally, the discussion touches upon macroeconomic factors like rising oil prices and their implications for inflation and potential Fed rate hikes.
- Alphabet's strong cloud growth was overshadowed by increased capex guidance, causing a dip in its stock while boosting semiconductor expectations.
- Korean semiconductor stocks (Samsung Electronics, SK Hynix) face high volatility driven by the large AUM of single-stock leveraged ETFs.
- Experts recommend covered call ETFs to mitigate current market volatility in the semiconductor sector.
- The robotics sector showed relative strength during market downturns, hinting at a potential shift in market leadership.
- US equities are favored over Korean equities for the second half of the year due to stronger expected earnings momentum.
- Rising oil prices and geopolitical tensions in the Middle East are increasing concerns about inflation and potential Fed rate hikes.
- Global robotics active ETFs and bond-mixed ETFs are suggested as stable investment alternatives in the current volatile environment.
Ideas
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
54:58
Buy covered call ETFs amid high volatility.
Semiconductor stocks are currently experiencing severe volatility, making direct investments or leveraged ETFs stressful. However, implied volatility is currently very high (around 80%) and is expected to decrease. Therefore, covered call strategies, which benefit from falling volatility, are an attractive alternative to hold semiconductor exposure with reduced risk.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
64:23
Invest long-term in physical AI robotics.
Physical AI and humanoid robots are long-duration growth assets. Current high interest rates and discount rates make short-term performance difficult and volatile. However, with companies like Nvidia and Samsung investing heavily in this area, it is a good long-term investment theme if you allocate manageable amounts and do not expect immediate year-end returns.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
72:21
Buy cosmetic ODMs as tariff impacts fade.
Tariffs imposed last July have heavily impacted certain sectors over the past year. From July to November this year, the base effect means these tariffs will no longer drag down year-over-year earnings. Cosmetics, particularly ODM companies, which suffered from these tariffs, are expected to benefit and should be accumulated in the second half of the year.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
73:59
Buy shipbuilders in Q4 for next year.
The shipbuilding industry's earnings and momentum are largely determined by order intake early in the year, typically in the first quarter. While the third quarter might be weak, investing in the latter part of the second half (Q4) looking towards early next year is a solid strategy to capture this order momentum.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
76:05
Wait for leveraged ETF AUM to drop.
The extreme volatility in Samsung Electronics and SK Hynix is currently driven more by the massive AUM (around 9.6 trillion KRW) of single-stock leveraged ETFs rather than fundamentals. To avoid unnecessary suffering, investors should wait until this leveraged ETF AUM drops to the target level of around 5 trillion KRW before entering.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
76:05
Wait for leveraged ETF AUM to drop.
Despite concerns about narrowing premiums over D-RAM, SK Hynix maintains a strong position as Nvidia's primary HBM supplier. The shift towards Long-Term Agreements (LTAs) stabilizes prices. With a 40-week lead time for capex expansion, the price rally has room to run for at least another 20 weeks, supported by robust structural demand for AI memory.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
79:20
Overweight US stocks over Korean stocks.
Korean corporate earnings momentum typically peaks around Q2 or Q3 due to the high proportion of intermediate goods. In contrast, US earnings momentum usually strengthens in Q3 and Q4 due to seasonality. Therefore, tracking earnings momentum favors increasing exposure to US stocks over Korean stocks in the second half.
Park Seung-young
Portfolio Strategy Team Leader, Hanwha Investment & Securities PLUS Business Division
81:11
Buy NAVER from a value investing perspective.
NAVER has fallen significantly from its highs. To consider a new entry, it must clearly break through and settle above the 208,000 KRW resistance level, confirming a trend reversal on the weekly chart. Until it recovers the 218,000 to 220,000 KRW range, it is better to avoid new positions and only hold existing ones.
Monitor robotics for potential market leadership shift.
While semiconductor heavyweights like Samsung and SK Hynix dragged the broader market down, robotics stocks like Rainbow Robotics and SPG maintained their gains and showed significant relative strength. This suggests market liquidity might be shifting from semiconductors to robotics, making it a key sector to monitor for market leadership.
Buy GE Vernova on data center demand.
Despite concerns about peak-out or oversupply in gas turbines, GE Vernova reported strong Q2 results in its power and grid segments. They guided that the order backlog will continue to grow for over 6 quarters, and data center power grid demand is exploding, accounting for 35% of total orders. This is highly positive for the global power equipment sector.
Trade SK Eternix on energy theme momentum.
SK Eternix is a leading alternative energy theme stock benefiting from rising WTI oil prices due to geopolitical risks and expectations of the Trump administration's energy policies. While it is hitting new highs, traders must carefully watch the 69,200 KRW support level; breaking it could lead to a rapid drop to the low 60,000s.
Buy global robotics active ETFs for stability.
As the AI cycle moves from semiconductors to physical AI (robotics), investing solely in domestic robotics stocks exposes investors to high beta and volatility. Global robotics active ETFs provide lower beta and include established component makers that already have visible earnings, offering a more stable and diversified approach to the robotics theme.
Use bond-mixed ETFs to park cash safely.
In a highly volatile market, investors looking to temporarily park cash are increasingly turning to bond-mixed ETFs. Recent trends show products mixing safe bonds with a few blue-chip stocks (like Nvidia, Google, or Samsung/Hynix) up to 30%, offering a safe parking spot with slight upside potential.
Up Next
This 3PRO TV (삼프로TV) video, published July 23, 2026, features Park Seung-young, Park Byeong-chang, Ha Bo-no, Park Hyun-ji discussing ZIGM, Physical AI / Robotics, Korean Cosmetic ODMs, Korean Shipbuilding, 005930.KS, 000660.KS, SPY, 035420.KS, ROBO, GEV, 475150.KS, Global Robotics Active ETFs, Bond-Mixed ETFs. 13 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Park Seung-young, Park Byeong-chang, Ha Bo-no, Park Hyun-ji · Tickers: ZIGM, Physical AI / Robotics, Korean Cosmetic ODMs, Korean Shipbuilding, 005930.KS, 000660.KS, SPY, 035420.KS, ROBO, GEV, 475150.KS, Global Robotics Active ETFs, Bond-Mixed ETFs