저자: TomLee · 외국인
요약 보기
8월 조정 후 회복 국면 진입, 시장이 압축된 스프링처럼 반등 가능. 단기 S&P500 7,800 도달 후 약 10% 조정, 연말 8,000 이상 마감 전망. 2027년은 주식시장 최고의 해 중 하나 가능. 근거: 이익 추정치 상향, 차입 축소·디레버리징 완료, SpaceX 락업 해제 및 신임 연준 시험 등 불확실성 해소. 사회자는 MSFT·AMZN·GOOG 실적 후 주가 급등을 강조하며 AI 인프라 투자가 매출로 연결된다고 주장.
다듬은 글
I think August is a month for recovery after a somewhat sluggish June and July. But profits, profit estimates have increased significantly. So the stock market is like a compressed spring right now. Also, we had the huge cut in borrowing that you mentioned, due to the AI rollback and the panic of politicians in Korea.
So I think the markets could actually rebound a lot this month. Maybe we'll get to 7800. So we hit 7800, maybe with a 10% pullback, and then close the year above 8000. Yeah. Yes, I think so, because as we start looking at 2027, a lot of the clouds that hung over this year are dissipating. You know, unlocking SpaceX shares will be left behind.
And the market test of the new Fed will be left behind. So I think, and of course, the deleveraging process has already taken place. Therefore, I believe that 2027 could be one of the best years for stocks. If any analyst has earned the right to be called the most accurate voice on Wall Street, it's Fundstrat's Tom Lee.
When crowds panicked during the mid-year turbulence, Lee called for a tactical retreat, followed by a rapid recovery in late summer. And the S&P 500 did just that, contracting like a spring before a surge to its immediate target of 7,800. Lee's success is not a fluke. They are based on a solid, data-driven methodology.
His investment philosophy focuses on structural drivers of growth, including dominant AI infrastructure, semiconductor bottlenecks, and demographic advantages, arguing that rising corporate earnings always trumps macroeconomic fears. While Wall Street is fixated on short-term headlines, Lee is focusing on fundamental catalysts: easing wage pressures, cooling housing inflation (which has fallen for three straight months), and expanding corporate profit margins.
Now, Lee is making his boldest prediction yet, pointing to a year-end S&P 500 target well above 8,000 and saying 2027 could be one of the best years in stock market history as macroeconomic clouds, aggressive rate hikes, and institutional deleveraging all disappear. The recent mid-year drop sent shockwaves through retail portfolios , causing weak players to panic and stay away.
But while the masses were selling at the bottom , Lee's plan signaled a once-in-a- generation buying opportunity. Today we analyze three top-notch, high-growth stocks that were brutally crushed during the correction but have made a massive turnaround. Following Lee's recovery forecast, two of these structural giants soared more than 20% post- reporting, while the third added more than 13% thanks to impressive fundamental surprises.
We've hit rock bottom. Let's analyze this data. First on the list is corporate titan Microsoft, ticker MSFT, a powerhouse that suffered during the mid-year general market pullback on concerns about large-scale corporate capital spending. Wall Street has been worried for months about aggressive data center spending, but Microsoft's latest quarterly results proved that these investments are directly fueling unprecedented demand, not speculative capacity.
Key indicators indicate an acceleration of fundamental factors across the entire business model. Total revenue reached $90 billion , representing an 18% year-over-year increase that exceeded analysts' forecasts by almost $2.4 billion . Operating income matched this pace, increasing by 18% to more than $40.6 billion .
The real gem remains Azure, whose growth accelerated again to an impressive 43%, pushing Azure's total annual revenue above the $100 billion mark for the first time in history. Commercial contract commitments grew 84% to $678 billion , proving that demand for enterprise cloud extends far beyond a single customer base, with nearly 90% of cloud revenue coming from a broader range of enterprise customers.
In addition to its hyperscale cloud infrastructure, Microsoft has an underrated catalyst in its gaming segment. Following the acquisition of Activision Blizzard and operational leadership changes, Microsoft is streamlining its studios to aggressively focus on large-scale, highly profitable, tier-one intellectual properties like Call of Duty, Halo, and The Elder Scrolls.
Expanding your presence across PC, mobile, and cloud platforms creates an ecosystem moat that competitors simply can't match. Management forecasts a further acceleration of Azure growth to 45% next quarter, while overall capital efficiency improves due to reduced deployment times for new regional data centers.
With operating cash flow rising to $55.4 billion for the quarter and a strong balance sheet supporting its dominance in enterprise software, Microsoft is an example of growth with high confidence. After recovering after the report, MSFT shares are up 24% in recent trading sessions as macroeconomic uncertainty eases and investments in AI infrastructure translate into accelerated revenue growth.
Moving on to our second high-confidence recovery bet, Amazon, ticker AMZN, represents a company that is turning to an unparalleled moat of efficiency. While Wall Street has been obsessed with rising capital spending and debt levels for months, Amazon's quarterly earnings have refuted bearish theories.
Total net sales increased 20% year- over-year to $200.6 billion, while consolidated operating profit increased 43% to $27.5 billion. The centerpiece of this result is Amazon Web Services, where revenue growth accelerated to 36.7%, reaching $42.2 billion and beating market expectations. AWS' operating margin increased to 39.4%, delivering $16.6 billion in quarterly operating profit.
Demand for enterprise cloud and generative AI infrastructure remains so high that AWS’s backlog has grown 36 % sequentially to $496 billion. The company's own silicon chips, including Trainium, along with its specialized AI business, have each reached annual revenue of $25 billion . Beyond cloud technologies, Amazon is quietly building a fortress of autonomy .
Operating over 1 million robots across more than 300 facilities, Amazon seamlessly combines cloud orchestration, proprietary chips, and last- mile logistics to transform its retail business into a high-margin services platform. High-margin areas, including digital advertising, third-party merchant services, and subscriptions, now generate more than $80 billion in quarterly revenue.
As management forecasts capital expenditures of $220 billion to double its total cloud capacity, operating cash flow has increased 33% to $161.4 billion over the past 12 months. Following Tom Lee's market recovery prediction, AMZN shares have already soared nearly 22% in the past 5 days since the earnings report, proving that Amazon is using its scale to turn infrastructure investments into accelerated revenue growth and multi-tiered margin growth.
Finally, completing our trio of post-correction winners is tech giant Alphabet (ticker: GOOG), a company where concerns about near-term capital spending momentarily obscured hyper-acceleration in operating growth. Market participants panicked when capital spending in the second quarter pushed free cash flow into negative territory, but the actual numbers confirm that Alphabet's massive infrastructure investments are directly serving the colossal pre-sales demand from customers.
Alphabet's quarterly results were a masterclass in revenue growth: consolidated revenue jumped 24.2% year- over-year to $119.8 billion. The absolute engine remains Google Cloud, which grew 82% year-over-year to $24.8 billion in revenue, while operating profit tripled to $8.8 billion , reaching an operating margin of 35.6%.
Importantly, Google Cloud's order book has surpassed half a trillion dollars, reaching a record $ 514 billion, and management expects more than half of that amount to be converted into revenue within the next 24 months. Demand for computing power continues to outpace available supply, leaving resources pre- booked by industry leaders and cloud providers.
Alphabet's competitive advantage is based on its full-fledged AI platform, which is based on its own silicon developments, such as specialized tensor processors ( TPUs). Commercial adoption is growing rapidly, with nearly 90% of Fortune 100 customers using Gemini Enterprise, and API throughput reaching 22 billion tokens per minute.
To support this continued growth without excessive debt burden, management has raised its annual capital expenditure forecast to a range of $195 billion to $205 billion, while maintaining a strong cash position of $242.5 billion following strategic capital raisings. Following the market recovery, Google shares have risen more than 13.6% in recent days as shipments of TPU systems increase and the conversion of orders into cloud revenues accelerates , turning capital investments into stable operating leverage in future fiscal years.
These three market leaders prove that fundamental strength is far more important than short-term noise . As Tom Lee's optimistic forecast is realized by 2027, maintaining investment in future growth remains key. Subscribe for data-driven market analytics, write your best stocks in the comments below, and see you in the next video.
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