July Earnings Season Will Ignite Semiconductor Stocks and KOSDAQ — Signals for Large-Cap Rebound! Is Naver, LG Electronics at the Bottom?

Summary

CEO Lee Kwon-hee expects a strong semiconductor rally into the July earnings season, with specific upside targets for Micron, SK hynix and Samsung. He also sees a KOSDAQ rebound on July policy events and anniversary, a bottom in secondary battery and biotech sectors, and high-conviction buys in Naver, HYBE, and oversold large-caps like Hyundai Motor and LG Electronics.

• Semiconductors (Samsung, SK hynix, Micron) will rally on July earnings; Micron to $1,000+.
• SK hynix 6-month target 440,000 KRW; Samsung to 330,000 KRW and early July outperformance.
• KOSDAQ index to surge in July on 30th anniversary event and expanded National Growth Fund.
• Secondary battery and biotech sectors have bottomed and are turning up.
• Naver is a strong buy due to Jensen Huang's long-term vision and market undervaluation.
• HYBE is at a bottom with BTS Busan concert as catalyst; position can be increased to 10%.
• Oversold large-caps Hyundai Motor and LG Electronics will rebound; hold.
• Semiconductor equipment and materials stocks continue to rally on industry upcycle.