Buzzberg Cup Live

Chip Selloff Rocks Tech Stocks | Open Interest 7/13/2026

Watch on YouTube ↗  |  July 13, 2026 at 17:31  |  1:27:12  |  Bloomberg Markets
Speakers
Herman Chan — Head of Asia, CoinDesk
Stuart Kaiser — Head of US Equity Trading Strategy, Citi
Chris McGratty — KBW head of U.S. bank research
Mary Powell — CEO of Sunrun
Wells Fargo — Analyst
Ed Ludlow — Co-Host, Bloomberg Technology

Summary

Tech stocks hit another speed bump as SK Hynix's record selloff sparks a chip rout ahead of a packed week of big bank earnings and critical US inflation data. Oil surges after fresh US-Iran strikes and President Trump vows to take over the Strait of Hormuz. The program features insights on AI trade volatility, bank stock picks, sticky services inflation, Sunrun's AI home pilot, and a fusion energy company's Nasdaq debut.

  • SK Hynix ADR falls sharply after Korean listing, dragging chip stocks and the Nasdaq lower
  • Five major US banks set to report earnings with high expectations amid a strong capital markets environment
  • Trump reinstates blockade on Iran; Strait of Hormuz tensions lift oil prices by over 3%
  • Citi's Stuart Kaiser sees Russell 2000 rebalancing as structurally positive and expects banks to report well
  • KBW's Chris McGratty picks PNC, Flagstar, Popular, Hancock Whitney and prefers Morgan Stanley over Goldman Sachs
  • RBC's Frances Donald flags persistent services inflation and a resilient economy that the Fed cannot ignore
  • Sunrun CEO Mary Powell announces AI compute pilot, citing strong demand and rising utility rates
  • General Fusion debuts on Nasdaq as gold falls under pressure from higher-for-longer rate fears
Ideas
Herman Chan Head of Asia, CoinDesk 5:36
Strong lending resurgence supports regional banks.
The regional bank space is seeing a strong resurgence in lending, particularly in consumer and commercial lending. Small and medium-sized businesses are driving growth and are more comfortable with the backdrop, taking more risk in building CapEx, plants, and equipment. This is helpful for regional banks.
KRE MED
Stuart Kaiser Head of US Equity Trading Strategy, Citi 24:37
Russell rebalancing makes small caps cleaner.
The Russell 2000 rebalancing at the end of June removed many AI stocks that had become top constituents, moving them to the Russell 1000. This has cut concentration and returned the index to its traditional behavior, making it more rate-sensitive and more sensitive to US economic growth, which is a positive development for its use as an independent small-cap vehicle.
IWM MED
Stuart Kaiser Head of US Equity Trading Strategy, Citi 27:57
US banks set to report strong earnings.
It is a pretty good operating environment for banks right now, with a very good IPO pipeline and a very good trading environment. The expectation is that banks are going to report well during this earnings season.
XLF MED
Chris McGratty KBW head of U.S. bank research 36:22
Morgan Stanley deserves higher multiple for wealth.
Morgan Stanley deserves a higher multiple than Goldman Sachs heading into earnings because of the repeatability of its $10 trillion wealth management business. While both will have blowout quarters, Morgan Stanley is more likely to sustain earnings beats into future projections.
MS HIGH
Chris McGratty KBW head of U.S. bank research 38:45
PNC favored among super regionals.
PNC is favored among the super regionals. The firm has a positive outlook on the stock into earnings, supported by scale and growth opportunities.
PNC HIGH
Chris McGratty KBW head of U.S. bank research 38:45
Hancock Whitney favored regional bank.
Hancock Whitney is highlighted as a favored name, implying a positive earnings and valuation outlook.
HWC HIGH
Chris McGratty KBW head of U.S. bank research 38:45
Flagstar among top regional picks.
Flagstar is named as one of the top picks among the smaller banks, indicating a bullish view on its fundamentals.
FLG HIGH
Chris McGratty KBW head of U.S. bank research 38:45
Popular Inc favored regional bank.
Popular Inc is named as a top pick, suggesting strong growth prospects within the regional banking space.
BPOP HIGH
Chris McGratty KBW head of U.S. bank research 38:45
Avoid First Citizens on deposit headwinds.
First Citizens faces a nuanced headwind from the SVB acquisition, as the need to raise more deposits more quickly and at more expensive rates is impacting the margin outlook. This led to a downgrade, suggesting the stock should be avoided.
FCNCA HIGH
Mary Powell CEO of Sunrun 61:30
Sunrun demand strong, AI pilot adds upside.
Demand for Sunrun's solar and battery products has never been more intense as utility rates rise and reliability declines. The company is also launching a pilot to use its network of customer homes as mini AI data centers, enabling customers to earn compensation, which adds a new growth avenue.
RUN MED
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This Bloomberg Markets video, published July 13, 2026, features Herman Chan, Stuart Kaiser, Chris McGratty, Mary Powell discussing KRE, IWM, XLF, MS, PNC, HWC, FLG, BPOP, FCNCA, RUN. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Herman Chan, Stuart Kaiser, Chris McGratty, Mary Powell  · Tickers: KRE, IWM, XLF, MS, PNC, HWC, FLG, BPOP, FCNCA, RUN