Ideas
Sideways action despite bad news favors upside.
The S&P 500 has held sideways for about five sessions despite bad Iran headlines, WTI oil back near $96, the dollar index around 98.6, and the US 10-year yield back near 4.3%. Intraday dips have been bought and the market has refused to break down; his rule is that sideways action under negative news is more likely to resolve upward than to roll over.
Intel catalysts positive but not sector leader.
Intel reported a positive earnings surprise and Tesla is reportedly using Intel's manufacturing process for Terafab, driving Intel shares up about 19-20%. However, Intel and AMD are not leading the broader semiconductor complex, so he treats Intel as an idiosyncratic watch item rather than proof of a broad chip-sector move.
Software pressured by AI capex concerns.
US software stocks and software ETFs are under pressure as AI capital-expenditure concerns trigger ETF redemptions and correlated selling. Palantir, Adobe, Microsoft, and Oracle all fell sharply together, showing flow-driven weakness rather than stock-specific news, so he presents software as an area to avoid or treat cautiously.
Buy semiconductor ETF instead of picking stocks.
Because Samsung Electronics and SK hynix alternate leadership and it is hard to choose between them, he says buying a Korean semiconductor ETF is better and stronger; it holds the decent semiconductor names and captures the group move without concentrated single-stock risk.
Power equipment and nuclear lead rotation.
While semiconductor leaders rested, power equipment and nuclear were leadership sectors supporting the Korean market. LS Electric rose 11.7%, Hyosung Heavy rose 6%, Doosan Enerbility and nuclear names advanced, the power equipment ETF gained about 6%, and the nuclear ETF gained about 3%, with charts trending upward.
Korean market resilient; sector rotation supports upside.
The Korean market showed relative strength by closing well off intraday lows; foreigners were net sellers in the market but bought about KRW 750bn of Samsung Electronics, and while Samsung and SK hynix paused, shipbuilding, batteries, power equipment, nuclear, and cosmetics rotated up. He expects Korea to remain relatively strong even if the US falls and says the market is still looking upward.
Samsung supported by foreign buying, broker upgrade.
Samsung Electronics has several positive supports: foreign investors bought about KRW 750bn of the stock even while net selling Korea, a mainland Chinese brokerage initiated coverage for the first time with a KRW 356,000 target and a bullish semiconductor view, and Tesla's upgraded AI4.1 autonomous-driving chip is expected to be produced at Samsung Foundry. He flags the high second-half earnings hurdle as a key item to watch.
Shipbuilders rise while semiconductors consolidate.
Shipbuilding was one of the sectors that rose while semiconductors paused, and the charts of HD Hyundai Heavy Industries and Samsung Heavy Industries show upward trends this week. He also suggested Samsung Heavy's pullback was mainly market-driven and that it could rise again, helping support the market's upward bias.
EV revival supports Korean battery makers.
European March EV sales rose 42% year over year and hybrids rose 32%, with total electrified sales up 38%; the Iran conflict is accelerating structural energy-route changes and reviving the EV narrative, adding to existing China and ESS drivers. Samsung SDI has a large supply contract with Benz/BMW and LG Energy Solution has positive news, supporting Korean battery makers.
Tesla capex risk balanced by robot catalysts.
Tesla's earnings beat expectations, but management raised capex to more than $25bn and the CFO said free cash flow would be negative this year; Musk argues robotaxi and Optimus revenue will justify the spending. The stock remains resilient, and the upcoming third-generation humanoid robot launch and Samsung Foundry AI4.1 chip are catalysts, but capex and free-cash-flow uncertainty keep it a watch.
HBM4 demand exceeds capacity; LTA reduces cyclicality.
SK hynix said HBM4 supply to its major customer, Nvidia, should expand; HBM4 specs are under negotiation with samples due in the second half and mass production next year, and required HBM demand over the next three years is expected to exceed its production capacity. Rising long-term agreements should reduce memory earnings volatility and make the business less cyclical, though he acknowledges a possible later demand slowdown from higher prices.
Favor high-margin US-exposed cosmetic brands.
Cosmetics is recovering, but leadership has shifted from OEM/ODM and China-exposed names toward individual brands with high operating margins and US growth. APR is the representative winner and has kept rising; AmorePacific and LG H&H have been weak, while Korea Kolmar is only rebounding from a low. Stock prices follow the slope of operating margin and end-market growth.
Favor high-margin US-exposed cosmetic brands.
Cosmetics is recovering, but leadership has shifted from OEM/ODM and China-exposed names toward individual brands with high operating margins and US growth. APR is the representative winner and has kept rising; AmorePacific and LG H&H have been weak, while Korea Kolmar is only rebounding from a low. Stock prices follow the slope of operating margin and end-market growth.
Favor high-margin US-exposed cosmetic brands.
Cosmetics is recovering, but leadership has shifted from OEM/ODM and China-exposed names toward individual brands with high operating margins and US growth. APR is the representative winner and has kept rising; AmorePacific and LG H&H have been weak, while Korea Kolmar is only rebounding from a low. Stock prices follow the slope of operating margin and end-market growth.
Avoid domestic consumers; favor tech growth.
He advises avoiding domestic-demand and consumer stocks for now because they lack end-market growth and often have low or stagnant operating margins; instead, investors should focus on technology/growth and policy-innovation areas where the operating-margin slope and growth can improve.
Avoid domestic consumers; favor tech growth.
He advises avoiding domestic-demand and consumer stocks for now because they lack end-market growth and often have low or stagnant operating margins; instead, investors should focus on technology/growth and policy-innovation areas where the operating-margin slope and growth can improve.
This 3PRO TV (삼프로TV) video, published April 24, 2026,
features Park Byeong-chang
discussing SPY, INTC, IGV, SMH, 010120.KS, 298040.KS, 034020.KS, PKEW, Korean nuclear ETF, EWY, 005930.KS, Korean shipbuilding sector, 329180.KS, 010140.KS, KARS, 006400.KS, 373220.KS, TSLA, 000660.KS, 278470.KS, 161890.KS, 090430.KS, 051900.KS, Korean domestic/consumer stocks, Korean technology/growth and policy-innovation themes.
16 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Park Byeong-chang
· Tickers:
SPY,
INTC,
IGV,
SMH,
010120.KS,
298040.KS,
034020.KS,
PKEW,
Korean nuclear ETF,
EWY,
005930.KS,
Korean shipbuilding sector,
329180.KS,
010140.KS,
KARS,
006400.KS,
373220.KS,
TSLA,
000660.KS,
278470.KS,
161890.KS,
090430.KS,
051900.KS,
Korean domestic/consumer stocks,
Korean technology/growth and policy-innovation themes
