Bloomberg Surveillance 4/28/2026
Спикеры
John Stoltzfus
— Главный инвестиционный стратег, Oppenheimer
Darrell Cronk
— Директор по инвестициям, Wells Fargo
Tom Fitzgerald
— TD Cowen
Ben Reitzes
— Аналитик, Melius Research
Venu Krishna
— Глава стратегии по акциям США, Barclays
The episode covers multiple market-moving events: the Iran blockade pushing oil prices higher, tech stocks selling off on OpenAI's missed targets, and strong earnings from GM and Coca-Cola. Analysts debate the sustainability of the AI capex cycle, the Fed's next move under potential leadership change, and the impact of rising energy costs on consumers and airlines.
- Oil surges as Iran blockade continues, with Brent nearing $112.
- OpenAI misses internal revenue and user targets, dragging down Oracle, CoreWeave, and chip stocks.
- GM and Coca-Cola beat earnings, showing consumer resilience despite higher prices.
- The Fed is expected to hold rates steady, with Powell's future under debate.
- UAE announces exit from OPEC+ starting May 1, potentially reshaping oil supply dynamics.
- Analysts recommend buying the dip in AI hardware and chip stocks like NVIDIA.
- Consumer discretionary and airline sectors seen as attractive despite macro headwinds.
- Long-term bond yields are rising, with some strategists calling for further increases.
Идеи
US consumer resilient, buy discretionary
The U.S. consumer is resilient and continues to spend in good and bad times, shifting to private label or used goods when necessary but not stopping. Therefore, the consumer discretionary sector, which is currently disfavored, offers a buying opportunity.
Energy stocks overvalued, unsustainable rally
Energy stocks have gone too far too fast, driven by a high convexity trade, and are ahead of themselves; the sustainable trend is not there with capex peaking. They are unsustainable and should be avoided.
Long-term yields too low, need higher
The long end of the U.S. yield curve is too low given term premium, inflation premium, and growth premium; interest rates need to go higher. This implies selling long-dated bonds.
Delta and United offer upside
The airline industry is gentrifying with healthier fundamentals, credit card programs, deleveraging, and rational capacity. Delta and United are ahead of the group and offer longer-term upside for investors.
Buy chip stocks on dip
The AI buildout is in early innings with massive labor substitution potential; the negative article on OpenAI is a hit piece and creates a buying opportunity in AI-related hardware and chip names like NVIDIA; hyperscaler capex will remain strong.
Далее
This Bloomberg Markets video, published April 28, 2026, features John Stoltzfus, Darrell Cronk, Tom Fitzgerald, Ben Reitzes discussing XLY, XLE, US30Y, DAL, UAL, NVDA. 5 trade ideas extracted by AI with direction and confidence scoring.
Speakers: John Stoltzfus, Darrell Cronk, Tom Fitzgerald, Ben Reitzes · Tickers: XLY, XLE, US30Y, DAL, UAL, NVDA