Chesley Morning Brief: New York Stock Market Overcomes War Fears with Triple New Highs... Next After AI Was Consumer Stocks

[Chesley Morning Brief] New York Stock Market, Overcoming War Fears, 'Triple New Highs'... Next After AI Was Consumer Stocks [26/05/28]
Watch on YouTube ↗  |  May 28, 2026 at 00:43  |  1:57:12  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Choi Ho — Vice President
Park Se-ik — CEO, ex-Chief Strategist

Summary

The Chesley Morning Brief covers US market triple highs, a sector rotation from AI infrastructure to consumer stocks, and a detailed analysis of SpaceX ahead of its IPO. Domestic Korean market commentary highlights extreme concentration in semiconductor giants and specific stock ideas in medical devices and software.

  • US indices mostly flat to slightly up; Philly Semi index pulls back 1.3% after recent run.
  • Oil falls toward $90, supporting lower inflation expectations.
  • AppLovin and Snowflake post strong earnings; both seen as AI-related beneficiaries.
  • SpaceX IPO analysis: three business lines (space, Starlink, xAI), high capex but potentially undervalued vs peers.
  • Korean market sees huge divergence: Samsung Electronics and SK Hynix up while 800+ stocks decline.
  • Double-leverage ETFs on semiconductors surge, but Park Se-ik warns against long-term holding.
  • PharmaResearch highlighted as cheap med-tech with recurring revenue and low P/E.
  • Palantir viewed as a long-term value play with earnings growth and compressed multiple.
Trade Ideas
Wang Guozhang 4:25
Xiaomi undervalued, memory catalyst needed.
Xiaomi is attractively valued with a weak near-term earnings outlook, but a decline in memory prices would be a key catalyst. The company's EV division remains a drag, but the core smartphone and IoT businesses are cheap. Current P/E is low, and the stock is worth monitoring for a rebound when memory prices inflect.
1810.HK MED
Choi Ho Vice President 15:28
AI ad engine, e-commerce expansion bullish.
AppLovin is surging on its AI-powered ad engine, which uses reinforcement learning to optimize ad matching. Expansion into e-commerce from mobile gaming in June is a key growth driver. Multiple bulge-bracket banks have raised targets, with Morgan Stanley's bull case implying 40%+ upside. The market is beginning to price in a long runway for ad revenue growth.
APP HIGH
Choi Ho Vice President 17:27
Strong earnings, AWS contract bullish.
Snowflake delivered a strong earnings beat and raised guidance, plus announced a $6B commitment to AWS's Graviton chip over five years. The large contract signals robust customer demand and confidence in future workloads. The stock had fallen 20% YTD, offering a favorable entry point. After-hours surge of 36% confirms the positive reception.
SNOW HIGH
Park Se-ik CEO, ex-Chief Strategist 65:11
Earnings rise, P/E compressed, hold.
Palantir's earnings continue to grow stepwise, but the P/E has compressed from 200x to 77x, making it relatively attractive for long-term investors. The quality of management (CEO Alex Karp) and the company's position in AI-driven government/commercial contracts provide a margin of safety. For patient investors not chasing momentum, this is a 'resting horse' worth holding.
PLTR HIGH
Park Se-ik CEO, ex-Chief Strategist 83:22
Profitable med-tech, cheap at 14x.
PharmaResearch is a high-margin medical device company with recurring consumables (replacement tips), unlike one-time equipment peers. Export ratio rising toward 45%, P/E of 14x is cheap given ~30% earnings growth. Competition fears are overblown; the Lizun brand has strong pricing power and brand recognition. A re-rating to 20x P/E is possible on a strong quarter.
214450.KQ HIGH
Up Next
38:48
Is Hyundai Motor Company still the biggest beneficiary of the semiconductor rotation? | Author Jang Woojin [Double Check]
3PRO TV (삼프로TV) · May 28
59:20
Bitcoin's Biggest Threat Is Almost Here... - Nic Carter
Thread Guy · May 28
44:20
Don't Just Look at Semiconductors...There Are Opportunities Hidden in the Market Conditions | Park Byeong-chang, MP Partners CEO [Market Inside]
3PRO TV (삼프로TV) · May 28
18:24
A BRECHA QUE QUASE QUEBROU AS CONSTRUTORAS NO BRASIL
Market Makers · May 28
10:37
Salesforce CEO Marc Benioff goes one-on-one with Jim Cramer
CNBC · May 28

This Chesley Investment Advisory (체슬리투자자문) video, published May 28, 2026, features Wang Guozhang, Choi Ho, Park Se-ik discussing 1810.HK, APP, SNOW, PLTR, 214450.KQ. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Wang Guozhang, Choi Ho, Park Se-ik  · Tickers: 1810.HK, APP, SNOW, PLTR, 214450.KQ