Apple car, why not’Ford’ but’Holdai’? [김영필의 3분 월스트리트]

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On the 4th (local time), the major indexes of the US New York Stock Exchange were up 1% at a time. Gamestop, which rose slightly the previous day, plunged 42.11% on that day.

As previously reported by the Wall Street Journal (WSJ), there were hedge funds among the buyers, some of which made 700 million dollars. WSJ said, “Considering the volume of stocks and options trading at GameStop, the role of individual investors was partial.” Problems related to GameStop seem to be gradually moving towards the end.

On this day, Apple launched the Hyundai Motor Group (exactly Kia Motors (000270) Financial analysisChart areaGoing Company Report) And cooperation to produce self-driving cars followed by an increase of 2.58%. Let’s look at the U.S. local reaction to the cooperation between the two companies and the future stock market outlook.

On this day, CNBC’s signature anchor Jim Kramer and Apple Hyundai Motor (005380) Financial analysisChart areaGoing Company ReportHe spoke of nuances that raised doubts about the cooperation with him. It doesn’t mean that it won’t be negotiated, it’s “why modern?”

“I’m most curious, and Apple has one of the best consumer reputations in the world,” he said to CNBC’s Industry Reporter Pilbo. Ford is doing better under CEO James Farley.” He asked, “Do you not attach great importance to consumer reports that tell people what they think about the brand?”, he asked, “Houldai” and “Hyodai”. Looking at the post-war context, Apple is the best brand, and Ford is also about why they are doing with Hyundai. ‘Holdai’ is the sound that Americans make when they pronounce modern.

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After confirming, “Is it true that Ford is the same as Apple in terms of customer satisfaction?” said, “Why did Apple do with Hyundai? Chairman Eui-sun Eui-seon took over as the chairman last October, and his goal is not just a car manufacturer, but mobility. I started explaining. “In the auto industry, it is said that entering Apple into a factory is like allowing a fox to enter a chicken coop.” “But Hyundai seems to believe that Apple will help Hyundai. Apple will actually help Hyundai.”

“If you are Apple, why do you choose Hyundai,” he said. “Hyundai has a great reputation. There is no doubt about the reliability and manufacturing expertise.” “In the industry, if Apple has to choose (car maker), it is Toyota and Hyundai,” he said. “So if you are Apple, it makes sense to work with Hyundai and produce it at the Georgia plant (Kia).” It was a bit surprising because Hyundai Motors’ status is higher than what you see in Korea.

In summary, it looks like this. In the United States, we can indirectly know that Apple has not partnered with Ford, an American company, and that the public still lacks trust in Hyundai. In fact, on Wall Street, there were many predictions that Apple cars would be produced by Ford. The main vehicle remaining in Ford was a pickup truck, so they could create synergy with each other.

But even in the United States, experts seem to believe that Hyundai has risen to a level that is paired with Toyota and that greater synergies can come from the Hyundai-Apple combination. Some say that in the auto industry, when Apple is brought into factories, foxes are brought into the chicken coop, which shows that existing manufacturers are holding back Apple significantly. Apple needed a partner that could be of a certain level, and Hyundai also can raise its corporate image and make new breakthroughs if it joins with Apple. It means that win-win is possible with each other.

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In particular, it seems meaningful that it is paying attention to Hyundai Motor Group’s concept of’Mobility’ in the US. In the end, if cooperation between the two companies becomes a reality, it is likely to have a considerable effect on not only Apple but also Hyundai stock prices.

Of course, it’s not just a rosy look locally. Bernstein analyst Tony Sakonagi said, “I think Apple is taking more seriously and confident about making Apple cars,” said Bernstein’s analyst. “There are still 3-4 years left, and a lot can change. He pointed out that in the past, Apple has been close to car production and service and then changed direction.” He added, “The sign of cooperation with Hyundai and Kia is a significant move (for Apple Car), but it is not over until the product is officially announced.” CNBC said, “Nothing has been confirmed between Apple and Kia yet,” as there is no official confirmation from Apple or Hyundai. “The talks could still be postponed, and Apple could cooperate with other automakers.”

As Gamestop shares, which had been worrisome, stabilized again, there is a continuing outlook that the stock market could rise further on Wall Street. Earlier, investment bank Morgan Stanley said, “Overheating stocks are not evidence of a stock market bubble. “In the early stages of the bull market,” Goldman Sachs came up with a similar analysis. The stock market has quickly recovered to an all-time high, investors are looking after the novel coronavirus infection (Corona 19), and unprecedented fiscal and monetary support measures are playing a role in raising stock prices in the long run. Peter Oppenheimer, Goldman Sachs’ global chief strategist, said, “I think we’re in the early stages of a new bull market where growth is going longer as profits grow.”

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Goldman Sachs also advised investors looking for high returns should invest in stocks, not bonds. Some Wall Street experts, including senior adviser Mohamed L. Alienz, say that the warning sound is getting louder and higher due to the GameStop incident.

Separately, Democratic Party Senator Amy Klobucha proposed a full-scale antitrust law amendment today. He is the new so-called antitrust chairman of the Senate. That’s great influence. CNBC said, “If the legislation is enacted, it is not only companies like Facebook and Google that are subject to federal lawsuits, but also market dominant players who want to acquire other companies in the future. “The risk of people will be very high.” Big tech regulations have no choice but to affect stock prices in the mid to long term.

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/New York = Correspondent Kim Young-pil [email protected]

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