KEP

Agreement Reached: South Korea's Korea Hydro & Nuclear Power and KEPCO have settled their intellectual property dispute with Westinghouse.

Future Cooperation: The companies plan to enhance collaboration in the global nuclear power market following the agreement.

KEP Stock Performance: KEP's stock has a 52-week low of $6.69 and a high of $9.545, with the last trade recorded at $7.88.

Market Analysis Note: The article mentions other energy stocks that have recently fallen below their 200-day moving average.

Unexpected Martial Law Declaration: South Korean President Yoon Suk Yeol unexpectedly declared martial law, citing domestic political instability and threats from North Korea, leading to significant market reactions including a 4.4% drop in the iShares MSCI South Korea ETF and a 2% decline in the won against the dollar.

Political Context and Market Impact: The declaration was prompted by opposition parties' actions in parliament, and it raised concerns about the stability of Korea's political system, with major South Korean companies facing stock declines as investors reacted to the news.

Martial Law Declaration: South Korea's President Yoon Suk Yeol unexpectedly declared martial law, citing threats from opposition parties and North Korea, prompting a unanimous parliamentary vote to end it shortly after. This declaration is the first since the 1980s and has raised concerns about potential political turmoil and protests against Yoon's leadership.

Market Reactions and Economic Implications: The announcement led to significant market declines, with South Korean stocks and currency weakening, while analysts predict ongoing volatility in the semiconductor sector and broader economic instability, potentially impacting global supply chains.

Stock Market Movements: Stocks traded mixed with notable declines in companies like Zscaler, Tesla, and United States Steel, while Palantir Technologies and Credo Technology Group saw significant gains following positive earnings reports.

Company Earnings and Outlooks: Several companies, including Honeywell and AT&T, adjusted their financial outlooks, with AT&T announcing a substantial return of capital to shareholders, while earnings reports from various firms are anticipated after the market close.

Market Overview: Stocks remained flat following record highs for the S&P 500 and Nasdaq; notable movements included Zscaler's decline despite strong earnings, Super Micro Computer's rise after an internal probe, and Tesla's drop due to a rejected pay package.

Company Updates: AT&T announced plans to return over $40 billion to shareholders, while Honeywell cut its full-year outlook; other companies like Credo Technology Group saw significant stock increases after positive earnings reports.

Earnings Conference Call: Korea Electric Power Corporation (KEPCO) held its Q3 2024 earnings conference call on November 13, 2024, where they presented financial results and discussed their business plans and targets.

Financial Performance: KEPCO reported an accumulated consolidated operating profit of KRW 5,945.7 billion for the third quarter of 2024, with all comparisons based on year-on-year data.

KEP Stock Performance: KEP's stock has a 52-week low of $6.61 and a high of $9.545, with the last trade recorded at $7.61.

Market Analysis Note: The article mentions other energy stocks that have recently fallen below their 200-day moving average.

U.S. Stock Market Trends: U.S. stock futures are up, particularly the Nasdaq, which gained about 50 points, while several stocks, including Jin Medical International Ltd., experienced significant pre-market losses after previous gains.

Notable Stock Movements: Jin Medical International shares fell 23.5% to $3.12, with other companies like Primega Group Holdings and James Hardie Industries also seeing declines in their share prices during pre-market trading.

Stock Performance Overview: KEP's stock has a 52-week low of $5.925 and a high of $9.545, with the last trade recorded at $7.58.

Market Analysis Insight: The article mentions other energy stocks that have recently fallen below their 200-day moving average.

Electricity Rate Freeze Impact: Korea Electric Power (Kepco) shares fell 7.4% after the company announced it will freeze electricity rates for the fourth quarter, potentially leading to increased financial challenges.

Fuel Cost Freeze Announcement: The state-run utility's decision to maintain fuel costs at current levels raises concerns about its financial stability moving forward.

Stock Performance Highlights: Eleven large-cap stocks saw significant gains last week, with CAVA Group leading at a 25.55% increase due to strong Q2 results and an improved FY24 outlook, followed by notable rises in Zoom Video (19.90%) and Keysight Technologies (14.29%).

Market Influences: The positive performance of several companies, including Toll Brothers and Workday, was driven by better-than-expected earnings reports and favorable economic indicators such as strong new home sales and anticipated interest rate cuts from the Fed.

KEP Stock Performance: KEP's stock has a 52-week low of $5.925 and a high of $9.545, with the last trade recorded at $7.89.

Market Insights: The article hints at other energy stocks that have recently surpassed their 200-day moving average, suggesting potential investment opportunities.