Stocks Fall as Report on OpenAI Fuels Angst | The Close 4/28/2026

Watch on YouTube ↗  |  April 28, 2026 at 22:06  |  1:19:37  |  Bloomberg Markets
Speakers
Kevin Hourican — Chairman and CEO of Sysco
Dan Dolev — Managing Director, Mizuho Securities
Sunaina Sinha Haldea — Global Head of Private Capital Advisory, Raymond James (Inferred from context "Global Head... at Raymond James")

Summary

Markets fell on a Wall Street Journal report that OpenAI is missing internal targets, reigniting AI spending concerns ahead of mega-cap earnings. Despite the selloff, earnings from Starbucks, Visa, and Sysco showed consumer and corporate resilience. The Fed is expected to hold rates in Powell's final meeting. Analysts gave bullish views on Visa, Robinhood, and major tech names like Alphabet, Apple, and Amazon, while cautioning on Microsoft.

  • S&P 500 and Nasdaq fell on AI concerns after WSJ report on OpenAI.
  • Sysco CEO highlighted local business growth and reaffirmed guidance.
  • Starbucks beat estimates on US comp sales, raised full-year outlook.
  • Robinhood missed revenue estimates, but analyst Dan Dolev remains bullish long-term.
  • Visa reported strong Q1 and raised guidance; analyst says consumer resilient.
  • John Belton bullish on Alphabet, Apple, and Amazon AI cloud strategies.
  • Fed expected to hold rates; focus on Powell's last press conference.
  • After-hours movers: Seagate up, Booking down on geopolitical disruption.
Trade Ideas
Kevin Hourican Chairman and CEO of Sysco 13:13
Sysco local volume and guidance strong.
Sysco's local business volume grew 3.3% in the quarter, strongest in over three years, and the company expects to deliver adjusted EPS at the high end of its $4.50-$4.60 guidance range, supported by disciplined expense control and operational productivity.
SYY MED
Abby Roach 46:52
Starbucks US momentum strong, margins improving.
Starbucks' US business is turning around with strong comp sales of 6.2%, operating margins expanding, and the company raised full-year guidance, showing confidence in continued momentum from cost savings and the 'Back to Starbucks' plan.
SBUX LOW
Dan Dolev Managing Director, Mizuho Securities 53:26
Robinhood will encircle young customers.
Robinhood is the Charles Schwab for the young generation, with a long-term opportunity to cross-sell more financial services to its 27 million funded accounts; one weak quarter does not change the multi-year growth story.
HOOD MED
Dan Dolev Managing Director, Mizuho Securities 55:43
Visa resilient, upped guidance, strong.
Visa's consumer spending remains resilient, the company 'hulk smashed' Q1 earnings and raised guidance, proving that macro fears around private credit and consumer weakness are overstated. They are taking the other side of bearish sentiment.
V HIGH
John Bolton Former US National Security Advisor / Ambassador 60:06
Alphabet's cloud and AI revenue accelerating.
Alphabet is seeing strong search revenue trends, explosive Google Cloud revenue growth from AI adoption, custom chip programs (TPU), and a clear AI monetization story that structurally accelerated revenue growth, making its mid-20s forward PE not overly stretched.
GOOGL MED
John Bolton Former US National Security Advisor / Ambassador 60:35
Apple's vertical integration unique advantage.
Apple is uniquely positioned as a vertically integrated cloud fund with its own chips, models, and tools, giving it a differentiated advantage in the AI ecosystem and expected strong earnings.
AAPL MED
John Bolton Former US National Security Advisor / Ambassador 60:48
Amazon's custom AI chips and Bedrock.
Amazon's AWS is turning around its AI story with custom silicon (Graviton, Trainium) gaining traction and the Bedrock model orchestration service capturing explosive revenue growth from Anthropic and others, making Amazon a sleeper in AI with strong cloud acceleration.
AMZN MED
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This Bloomberg Markets video, published April 28, 2026, features Kevin Hourican, Abby Roach, Dan Dolev, John Bolton discussing SYY, SBUX, HOOD, V, GOOGL, AAPL, AMZN. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kevin Hourican, Abby Roach, Dan Dolev, John Bolton  · Tickers: SYY, SBUX, HOOD, V, GOOGL, AAPL, AMZN