Ideas
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
3:13
Buy S&P 500 dip for new highs
He sees the S&P 500 pullback as a buying opportunity, with technical damage limited and the index likely rebounding to new highs; cross-asset volatility is a risk but not yet trend-breaking.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
3:58
Tactical software rebound, not buy-and-hold
Software has fallen close to its 2022 support and trend area, so he expects a short-term bottom and tactical rebound; however, software is not a 2026 buy-and-hold leader and rebounds should be traded over three to five weeks.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
5:04
Defensive sector rotation keeps spreading
Rotation has spread from utilities and healthcare to consumer staples and REITs, showing money moving into defensives within the market.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
5:26
Telecom big four rotation rebound
Telecom services have revived sharply, with Verizon, AT&T, T-Mobile and Comcast together driving the S&P telecom index and recovering about half of their prior weakness; he sees an unusual rotation into the group.
Mark Newton
Managing Director and Head of Technical Strategy at Fundstrat Global Advisors
5:53
Gold and silver tactical bounce only
Precious metals fell sharply but are close to a bottom; he would only treat a rebound as a short-term tactical rally rather than a confident hold.
Oil downside helps stocks
Oil eased as Iran uncertainty de-escalated, India agreed to cut Russian oil purchases, and Venezuelan exports rebounded; lower oil is positive for stocks but unattractive for oil longs.
Warsh shock not fundamental, buy S&P
The Kevin Warsh selloff is sentiment-driven, not a fundamental change; BofA still sees about 10% upside for the S&P 500 and shorting stocks is not attractive.
Central-bank demand supports gold
JP Morgan maintains a long-term gold target of $6,500, arguing emerging-market central banks and investors remain underallocated and still need to buy; if speculative flows clear, gold should rise again.
Rotate from precious to base metals
Daishin Securities argues the commodity rotation should move from precious metals to nonferrous metals such as copper and zinc, and the U.S. Project Vault critical-minerals stockpile plan keeps rare-earth and mineral demand in focus.
Bitcoin bottoming, lacks upside catalyst
Bitcoin lacks a policy catalyst and faces a strong economy and high-rate backdrop, but Strategy’s continued buying provides some downside support; he sees bottoming but not an easy rally.
Oracle funding validates AI data centers
Oracle’s $50bn funding plan signals it can keep funding data centers and AI, and Guggenheim’s $400 target plus Fitch’s rating comfort support the view that AI infrastructure is not a bubble; the stock may need time but the signal is positive.
AI data-center memory and optics strong
Oracle’s move reinforces that data centers will continue to be built; memory semiconductors and optical fiber are key beneficiaries, with Micron, SanDisk, Western Digital, TSMC, Intel, Corning, Lumentum and Coherent showing strength, while Caterpillar and GE Vernova also reflect AI data-center demand.
Disney tourist weakness pressures stock
Disney’s CFO flagged fewer U.S. inbound tourists as a major concern, and because the warning came from management rather than analysts, the stock’s drop was understandable.
Alphabet AI and Waymo optionality
Google is not just a cloud story: Project Genie and Veo, Waymo’s rising valuation and AI leadership make it a future-industry winner, and the upcoming conference call may show how much more it can monetize AI.
KOSPI range-bound, buy below 4,500
Korea’s sharp drop was amplified by extreme concentration in Samsung Electronics and SK hynix, which together are near 40% of KOSPI; he expects a 2-3 month sideways or period adjustment rather than a bubble collapse, with a break below 4,500 as a buying opportunity.
Memory profit growth peaks in Q2
Semiconductor capex growth momentum and Samsung’s operating-profit growth peak around Q2, so the market may need a digestion period; 2027 could improve if rates fall and non-tech firms adopt AI.
Memory shortage lifts memory makers
U.S. memory names SanDisk, Western Digital, Seagate and Micron surged because the U.S. lacks memory capacity, while Korea controls most global memory supply; he sees this as a direct positive for Korean memory stocks.
Hyundai Glovis gains external shipping
GM Korea’s plan to produce 500,000 vehicles at full capacity shows Korea remains an attractive auto production base despite tariffs; Hyundai Glovis ships GM Korea cars, and adding external customers plus expanding its car-carrier fleet from 96 to 110 ships should improve profitability.
Hyundai Mobis actuator robot leverage
Hyundai Mobis is growing external orders and supplies actuators for Boston Dynamics; actuators are about 60% of humanoid robot cost, and few competitors have the full auto supply chain, giving Mobis a robotics option.
LNG ship orders are returning
U.S. LNG project approvals and the restart of Mozambique LNG should force LNG carrier orders; HD Hyundai Heavy and Samsung Heavy already have LOI slots, and a shortage could lift newbuild prices.
Hanwha Aerospace export validation
Norway’s selection of Hanwha Aerospace’s Chunmoo despite Europe’s preference for domestic procurement is a major export validation; it also improves the odds for Korea’s Canadian submarine bid.
Liquidity-driven KOSPI rebound
The Korean crash was mainly a liquidity and margin-call event triggered by CME margin hikes on gold and silver, not a fundamental crisis; liquid semiconductors were sold first and should rebound, with oversold names returning to prior levels.
Memory supercycle favors Korean suppliers
Global CEOs are warning about memory shortages, DRAM prices have risen roughly ninefold in a year, and Korea controls about 77% of global memory supply; this is a direct earnings tailwind for Samsung Electronics and SK hynix.
Project Vault boosts critical minerals
The U.S. Project Vault plan will build a critical-minerals stockpile with government and private capital, reducing dependence on China and supporting rare-earth and critical-mineral developers.
Samsung SDI solid-state battery timeline
Samsung SDI said it will mass-produce solid-state batteries next year, with BMW testing and robot demand requiring high safety and high output; the IR was lost in the market crash but the technology timeline is a positive watch item.
Mirae Asset Securities re-rating
Mirae Asset Securities’ market cap exceeding financial holding companies is symbolic of a changed Korean equity market; its investment gains from SpaceX and xAI and brokerage earnings are being revalued.
KOSDAQ reform improves market trust
KOSDAQ delisting reform focused on listing transparency and shareholder protection is a structural positive for market trust and could support a re-rating.
Buy index, do not doubt uptrend
After the sharp selloff, the market rebounded broadly and held above key levels; in a strong bull market investors should not panic out, and buying the index is acceptable if stock selection is difficult.
Buy oversold Korean semiconductors
Semiconductors were sold mechanically through ETFs despite no fundamental reason, so the oversold semiconductor rebound should continue; Samsung Electronics and SK hynix are the core names.
Space theme gains momentum
The SpaceX and xAI merger and the Artemis 2 mission have raised interest in space; Korean space-related names such as Korea Aerospace Industries, HVM and Intelliantech may benefit.
Avoid copper and gold-linked stocks
Gold and copper prices may stay capped because China and the U.S. are restricting margin and HFT speculation; copper- and gold-linked Korean stocks such as Korea Zinc, LS Electric and Iljin Electric are unattractive now.
Y-Biologics vaccine investment story
Y-Biologics posted strong earnings and announced a large facility investment; the market is anticipating its meningitis vaccine, so the stock is worth studying on pullbacks.
Mirae Asset Venture stake value
Mirae Asset Venture owns a stake in AI advertising company MoLoCo, which is preparing a U.S. listing, and also has SpaceX exposure; government VC support adds a tailwind.
Lotte Innovate adds robot angle
Lotte Innovate is supplying an AI service platform to Unitree, making it a new robot-linked story despite the unusual China customer angle.
Protec HBM bonding equipment demand
Protec had a large earnings surprise and makes dispenser and die-bonder equipment; laser bonding demand from HBM and advanced packaging should support earnings.
HBF theme benefits Neo Sem
The new HBF theme, stacking NAND flash like HBM for AI memory, is just starting, and Neo Sem is being grouped as a related name; the theme deserves monitoring.
Korean asset stocks in focus
Sampyo Cement’s re-rating on Seoul real-estate expectations has revived interest in asset-rich companies, and government urban housing supply policy may accelerate terminal redevelopment; Harim Holdings, DRB Dongil and Seobu T&D are representative asset plays.
SK Telecom AI stake revaluation
SK Telecom’s stake in Anthropic is being revalued by the market as AI-related stakes become recognized; investors may increasingly look for companies holding U.S.-listed AI assets.
Korean cosmetics recovery continues
Korean cosmetics exports are recovering in the U.S. and Europe, and Chinese inbound tourism could drive beauty and device demand; APR and Silicon2 are named beneficiaries, with Olive Young as the retail gateway.
Samsung and SK hynix fundamentals intact
The prior-day semiconductor selloff was a broad market adjustment, not a fundamental deterioration; both Samsung Electronics and SK hynix remain good, with SK hynix likely having more upside because of its greater semiconductor focus.
L&F chart and earnings weak
L&F’s earnings are not recovering, ESS-related revenue has not visibly improved, and the chart has broken below key moving averages; the setup is unattractive until those issues improve.
Watch Hyundai Motor for rotation
Hyundai Motor has lagged the market after its January run; he says it is worth watching from now as money rotates back to laggards.
Hyundai Motor robot re-rating
Boston Dynamics’ AI partnership with Google DeepMind, concrete factory deployment plans, and 2028 commercialization re-rate Hyundai Motor; its auto manufacturing value chain can be reused for robots, improving ROE.
Kia benefits from Boston Dynamics stake
Kia owns part of Boston Dynamics through HMG Global, so Boston Dynamics value creation flows to Kia; Kia also has a higher dividend yield, about 4%, versus Hyundai Motor.
KOSDAQ catch-up trade continues
KOSDAQ has lagged KOSPI massively, up about 55% versus KOSPI’s 100%-plus; with policy support, institutional buying and spillover from large-cap semiconductors, he expects KOSDAQ to catch up, possibly doubling.
Buy AI semiconductor supply chain
If individual KOSDAQ stocks are hard to pick, he favors AI semiconductor materials, equipment and parts baskets as the main way to play the KOSDAQ catch-up and semiconductor spillover.
Auto parts worth a look
Auto parts are now worth a look as a lagging cyclical area within the Korean market.
Biotech due for rebound
Biotech has been weak for a long time and is now due for a look as a potential KOSDAQ rebound sector.
Own Korean large-cap leaders plus KOSDAQ
He recommends a simple portfolio with at least one of Samsung Electronics or SK hynix, one Hyundai Motor or robot stock, and broad KOSDAQ ETF exposure for the rest.
US exceptionalism supports S&P 500
U.S. growth and earnings are resilient, AI is lifting productivity, and Trump is pro-market; U.S. exceptionalism is strengthening, so the S&P 500 uptrend is still in an early-to-middle phase and could rise much more.
Gold for asset allocation
Gold is a legitimate asset-allocation component, supported by central-bank demand, even though silver’s speculative leverage makes it dangerous.
Avoid silver after leverage unwind
Silver was driven by excessive leverage and speculative positioning and was a weak link that broke; he does not recommend chasing it.
Bitcoin quantum risk, avoid
Bitcoin’s prior lead over Nasdaq has weakened because quantum-computing security risk has entered the debate, Jefferies removed it from recommended portfolios, and early whales are selling.
Alphabet remains core AI winner
Alphabet is his largest holding and a key AI leader; ChatGPT users are shifting to Gemini, Waymo and other AI projects add optionality, and the upcoming earnings are likely strong.
AWS could surprise positively
Amazon’s AWS could surprise positively as Anthropic gains B2B share and cloud demand remains strong; a beat would support Amazon and the broader AI and IT supply chain.
Palantir earnings confirm AI demand
Palantir reported strong revenue growth, high margins and raised guidance, dispelling software weakness concerns and confirming AI demand.
Tesla FSD and SpaceX optionality
He has held Tesla for about ten years and expects another level-up; FSD adoption is accelerating, robotaxi can leverage the same autonomy stack, and a future SpaceX and xAI combination could make Tesla a unique physical-AI and space investment.
Memory supercycle is portfolio axis
Memory is one of his two portfolio axes, with Samsung Electronics, SK hynix and Micron held equally; he argues their earnings are so large that they would rank near the top of the S&P 500, creating upside risk for portfolios that omit them.
This 3PRO TV (삼프로TV) video, published February 03, 2026,
features Mark Newton, Park Myung-sung, Shin Jungho, Kwon Soon-woo, Park Byeong-chang, Jang Woo-jin, Kim No-ko, Song Sun-jae, Baek In-jae, Jung Woo-chang
discussing SPY, IGV, MSFT, PLTR, XLU, XLV, XLP, VNQ, VZ, T, TMUS, CMCSA, GLD, SILVER, WTI, COPPER, DBB, REMX, BTC, ORCL, MU, SNDK, WDC, TSM, INTC, GLW, LITE, COHR, CAT, GEV, DIS, GOOGL, EWY, 005930.KS, 000660.KS, STX, 086280.KS, 012330.KS, 329180.KS, 010140.KS, 012450.KS, 006400.KS, 006800.KS, KOSDAQ, 047810.KS, HVM, 189300.KQ, 010130.KS, 010120.KS, Iljin Electric, Y-Biologics, 100790.KQ, 286940.KS, 053610.KQ, 253590.KQ, 038500.KQ, 003380.KQ, 004840.KS, Seobu T&D, 017670.KS, APR, 257720.KQ, L&F, 005380.KS, 000270.KS, KOSDAQ 150 ETF, Korean AI semiconductor materials/equipment/parts, Korean auto parts, Korean Biotech, AMZN, TSLA.
58 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Mark Newton,
Park Myung-sung,
Shin Jungho,
Kwon Soon-woo,
Park Byeong-chang,
Jang Woo-jin,
Kim No-ko,
Song Sun-jae,
Baek In-jae,
Jung Woo-chang
· Tickers:
SPY,
IGV,
MSFT,
PLTR,
XLU,
XLV,
XLP,
VNQ,
VZ,
T,
TMUS,
CMCSA,
GLD,
SILVER,
WTI,
COPPER,
DBB,
REMX,
BTC,
ORCL,
MU,
SNDK,
WDC,
TSM,
INTC,
GLW,
LITE,
COHR,
CAT,
GEV,
DIS,
GOOGL,
EWY,
005930.KS,
000660.KS,
STX,
086280.KS,
012330.KS,
329180.KS,
010140.KS,
012450.KS,
006400.KS,
006800.KS,
KOSDAQ,
047810.KS,
HVM,
189300.KQ,
010130.KS,
010120.KS,
Iljin Electric,
Y-Biologics,
100790.KQ,
286940.KS,
053610.KQ,
253590.KQ,
038500.KQ,
003380.KQ,
004840.KS,
Seobu T&D,
017670.KS,
APR,
257720.KQ,
L&F,
005380.KS,
000270.KS,
KOSDAQ 150 ETF,
Korean AI semiconductor materials/equipment/parts,
Korean auto parts,
Korean Biotech,
AMZN,
TSLA
