Bloomberg Surveillance 5/12/2026
Спикеры
Ed Yardeni
— Президент, Yardeni Research
Angelo Zino
— Старший аналитик по акциям, CFRA Research
Russ Koesterich
— Главный инвестиционный стратег, BlackRock
George Saravelos
— Редактор-обозреватель, CoinDesk
The episode covers the impact of the Iran war on oil prices and inflation, with CPI coming in hotter than expected. It features bullish equity views from Ed Yardeni and Angelo Zino, who highlight unprecedented earnings growth and AI-driven winners. Other topics include the UK bond market turmoil, the Fed's policy outlook under Kevin Warsh, and President Trump's upcoming trip to China.
- Iran ceasefire is on life support, pushing oil above $100 and fueling inflation.
- US April CPI rose 3.8% year-over-year, above estimates, with core CPI at 2.8%.
- Ed Yardeni raises S&P 500 year-end target to 8250 citing record earnings growth.
- Angelo Zino favors Amazon and Alphabet over Microsoft in the AI hyperscaler race.
- UK 30-year yields hit 5%, the highest since 1998, amid political instability.
- Kevin Warsh is expected to keep the Fed on hold, with rate hikes increasingly discussed.
- Consumer spending remains resilient but is increasingly K-shaped, with lower-income households struggling.
- The Trump-Xi summit in China will focus on Iran, tariffs, and Taiwan.
Идеи
S&P 500 target raised to 8250
The earnings growth is unprecedented outside of recoveries, with S&P 500 earnings expected to rise 24% for the year. The consumer remains resilient due to baby boomer wealth spending, and the rally is broad-based including small and mid-caps. This supports an S&P 500 year-end target of 8250, up from 7700.
Alphabet key AI beneficiary
Alphabet is a big winner in AI, with its backlog quadrupling over the last nine months. Its exposure to Anthropic and strong AI monetization make it a preferred name among hyperscalers.
Avoid Microsoft, in penalty box
Microsoft is in the penalty box compared to Amazon and Alphabet because its AI growth is concentrated on OpenAI and it has not seen the same backlog expansion. Investors are gravitating toward other hyperscalers with stronger AI momentum.
Amazon key AI beneficiary
Amazon is a key winner in the AI spending cycle due to its deep partnership with Anthropic, which has seen explosive revenue growth and a massive $200 billion order. Amazon's backlog growth and proven AI monetization make it a standout among hyperscalers.
Далее
This Bloomberg Markets video, published May 12, 2026, features Ed Yardeni, Angelo Zino discussing SPY, GOOGL, MSFT, AMZN. 4 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Ed Yardeni, Angelo Zino · Tickers: SPY, GOOGL, MSFT, AMZN