The Close 8/5/2026

Смотреть на YouTube ↗ | 05 августа 2026, 22:14 | 1:36:14 | Bloomberg Markets

Спикеры

Evan Shapiro — Media Analyst

Sheila Kahyaoglu — Старший аналитик по акциям авиакомпаний, Jefferies

Emily Field — Barclays Head of Equity Research, US Biopharmaceuticals

Jeff Smith — Генеральный директор, Starboard Value

Mimi Duff — Глава нью-йоркского офиса и старший консультант клиентов, GenTrust

Mark Newman — Старший аналитик, Bernstein

MS Hwang — Counterpoint Research Director

Mark Douglas — Генеральный директор, MNTN

Emily Portney — BNY Global Head of Asset Servicing Business

Mithra Warrier — Scotiabank Managing Director, Global Head of Financing Sales

Victor Peng — PsiQuantum CEO

Luke Sarsfield — Ridgepost Capital CEO

The episode covers a broad range of markets and sectors, starting with hedge fund positioning and the AI trade, followed by Disney's streaming-driven earnings beat, defense and aerospace stock calls, Eli Lilly's weight-loss drug momentum, an activist stake in Shake Shack, market rotation views, memory chip shortages boosting Sandisk and Western Digital, and the outlook for ad-tech and digital assets. The S&P 500 ended slightly lower after a record high, while the Dow hit a new record. Key themes include broadening market participation, AI-fueled memory demand, and corporate innovation in streaming, biotech, and fintech. - Hedge fund industry well diversified, multi-strategy funds manage risk; AI trade still dominant but broader than perceived. - Disney streaming doubles profit, TikTok integration seen as positive for subscriber and ad growth. - Jefferies analyst highlights Credos for profitable growth, defense primes for re-acceleration, and Boeing/Airbus duopoly for long earnings runway. - Eli Lilly's obesity drug franchise still in early innings with low global penetration and strong revenue growth. - Activist Jeff Smith takes $700M stake in Shake Shack, calling shares too cheap and pushing for faster expansion. - GenTrust sees rotation from Magnificent 7 to equal-weight indices, mid-caps, and small-caps continuing. - Memory chip supply shortage to persist until 2028, driving record earnings for Sandisk and Western Digital. - BNY Mellon reports 10 quarters of organic growth, benefits from digital asset and tokenization innovation.

Идеи

Evan Shapiro Media Analyst 11:09

Disney streaming profits and TikTok integration

Disney's streaming profits doubled, making Disney Plus the face of the company is a smart move, and the TikTok integration allows Disney to compete in vertical video and package curated creator inventory with ads for youth culture, driving subscriber and advertising growth.

Sheila Kahyaoglu Старший аналитик по акциям авиакомпаний, Jefferies 18:10

Credos profitable growth amid space hype

Credos was upgraded a few months ago after a large share price decline and now displays midteens growth with profitability, standing out among overhyped and unprofitable defense tech peers.

Sheila Kahyaoglu Старший аналитик по акциям авиакомпаний, Jefferies 19:04

Defense primes growth re-accelerating

Large defense primes like Raytheon and General Dynamics are seeing growth re-accelerate with all-time high margins and productive free cash flow, benefiting from US and international budget increases; the analyst turned positive on this group for the first time.

Sheila Kahyaoglu Старший аналитик по акциям авиакомпаний, Jefferies 22:05

Boeing-Airbus duopoly provides long earnings runway

Boeing and Airbus form a great global duopoly with no new aircraft technology expected until 2040, giving both manufacturers a long earnings runway and the ability to be rational players.

Emily Field Barclays Head of Equity Research, US Biopharmaceuticals 33:30

Eli Lilly obesity drugs still early growth

Eli Lilly's obesity and diabetes drugs delivered a strong beat with penetration still in low single digits globally, indicating a long structural growth opportunity; pricing pressures are offset by volume uptake, keeping revenue growth robust.

Jeff Smith Генеральный директор, Starboard Value 37:18

Shake Shack too cheap, activist play

Shake Shack is too cheap; Starboard has taken a $700 million position as the largest active shareholder and sees a clear growth story with potential for more forceful store expansion and franchising.

Mimi Duff Глава нью-йоркского офиса и старший консультант клиентов, GenTrust 44:54

Rotation to equal-weight and small-caps continues

The market rotation away from the Magnificent 7 into the rest of the market will continue, as mid-caps, small-caps, and equal-weight indices have already outperformed Mag 7 this year, supported by broad earnings beats and a solid economy.

Mimi Duff Глава нью-йоркского офиса и старший консультант клиентов, GenTrust 44:54

Avoid Magnificent 7, capex headwinds

GenTrust has hedged its Magnificent 7 exposure; the group faces a shift from massive buybacks to higher capex and debt issuance, making them less attractive relative to the rest of the market.

Mark Newman Старший аналитик, Bernstein 63:35

Sandisk growth and buybacks remain positive

Sandisk's growth story remains intact with conservative guidance, massive free cash flow, and a $14 billion buyback authorization; the quarterly beat was far above consensus and the trends are extraordinarily positive despite a recent selloff.

MS Hwang Counterpoint Research Director 70:59

Memory chip shortage lasts until 2028

AI-driven demand for larger and faster memory is accelerating, supply will remain very tight until 2028, and memory chip companies like Sandisk and Western Digital will continue to report unprecedented record earnings as pricing appreciates.

Emily Portney BNY Global Head of Asset Servicing Business 84:50

BNY organic growth and digital asset edge

BNY has achieved ten consecutive quarters of organic growth, and its differentiated digital asset and tokenization capabilities are creating new revenue streams; clients are willing to pay for service and performance.