Buzzberg Cup Live

Market Midday: Stocks Higher; Iran Jitters Ease, SK Hynix Targets U.S. • 7/9/26

Watch on YouTube ↗  |  July 09, 2026 at 16:42  |  3:44  |  CNBC
Speakers
Tom Lee — Managing Partner & Head of Research, Fundstrat
Kristina Partsinevelos — Markets Reporter, CNBC
Paul Sankey — Lead Analyst, Sankey Research
Amrita Sen — Director of Research, Energy Aspects

Summary

CNBC's market update covers a positive day on Wall Street as Iran war jitters ease, with Tom Lee noting historical buying opportunities during geopolitical sell-offs. SK Hynix's highly anticipated US ADR listing is highlighted as a pure-play HBM bet expected to trade at a premium. Oil prices pull back, and analysts discuss gasoline affordability and the limited impact of Iran oil waiver revocations.

  • Stocks rise as Iran tensions ease, with Dow, S&P 500, and Nasdaq in the green.
  • Tom Lee says past geopolitical sell-offs were good buying opportunities for stocks.
  • SK Hynix US ADR listing seen as scarce pure play on HBM with 56% market share.
  • Barclays expects SK Hynix ADRs to trade 10-15% above Seoul shares.
  • Paul Sankey argues US gasoline is structurally cheap relative to other countries.
  • Amrita Sen says Iran waiver revocation won't materially change oil fundamentals due to dark transit.
  • Oil prices pull back to around $72/barrel; national gasoline average $3.84/gallon.
Ideas
Tom Lee Managing Partner & Head of Research, Fundstrat 0:38
Geopolitical sell-offs are buying opportunities
Geopolitical fears and war escalations, like the recent Iran tensions, historically create market sell-offs that ultimately prove to be good buying opportunities for stocks, as seen in the February-April period when the war escalated but stocks rebounded.
SPY MED
Kristina Partsinevelos Markets Reporter, CNBC 1:15
SK Hynix ADR: scarcity premium and HBM dominance
SK Hynix's US ADR listing is expected to trade at a 10-15% premium to its Seoul shares due to scarcity, and the company is the purest bet on high bandwidth memory (HBM) with roughly 56% market share powering Nvidia's AI chips, making it highly attractive to US investors.
000660.KS HIGH
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This CNBC video, published July 09, 2026, features Tom Lee, Kristina Partsinevelos discussing SPY, 000660.KS. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Tom Lee, Kristina Partsinevelos  · Tickers: SPY, 000660.KS