Samsung Electronics and Micron: Is a Big Rally Coming? Reasons to Pay Attention Now
- What to look for
- This market commentary brings together Samsung Electronics' quarter 3 earnings figures, Micron's rebound, semiconductor sector rotation, and the reasoning behind brokerages raising price targets.
- Why it matters
- It helps viewers independently assess stock-price reactions after earnings releases, sector rotation, and the reasoning behind buying at low prices in the prevailing interest-rate environment.
AI summary
It reports that on October (month 10) 8, Samsung Electronics' preliminary quarter 3 operating profit was 107 trillion won plus 4 hundred-billion won, with its first breakthrough above 100 trillion expected, but that this slightly missed the market expectation of 108 trillion won plus 6 hundred-billion won plus 700 hundred-million won, leaving the stock flat. It says SK Hynix failed to break above 190 ten-thousand won, with fatigue accumulating, and that the KOSPI fell to 6,700 but maintained its upward trend. It explains that in the US market, Micron recovered more than 7% from its low to close up 4%, while SanDisk also rose, indicating that rotation had returned from GPUs, materials, components and equipment, and optics to memory. It reports that the Nasdaq and S&P reached new highs, but the Dow and Russell were weak amid rising interest rates and concerns about slowing consumption, while the 10-year Treasury auction was strong. It maintains the speaker's view of buying memory stocks at their lows and anticipates memory stocks rising together as brokerages raise targets, including DA Davidson raising Micron's target to 3,000, and market capitalizations expand. It also mentions the FOMC signaling another rate increase within the year and noise from the Middle East, emphasizing emotional self-care because the trend has not broken. All directional outlooks are the speaker's conditional judgments, not definitive predictions of short-term prices.