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TSMC Sales Hike, Defense Spending Spotlighted in Aspen | Bloomberg Businessweek Daily 7/16/2026

Watch on YouTube ↗  |  July 16, 2026 at 21:32  |  56:55  |  Bloomberg Markets
Speakers
Michael Ha — Senior Research Analyst, Baird
Ed Ludlow — Co-Host, Bloomberg Technology
Nick Wadhams — Defense Lead, Bloomberg Economics
Chris Murphy — Senator (D-CT)
Mark — Deputy Editor, Bloomberg Businessweek

Summary

Bloomberg Businessweek Daily covered TSMC's earnings that sparked a semiconductor selloff, the AI spending payoff debate, AI's impact on software engineering, the escalating US-Iran conflict and its oil market implications, and UnitedHealth's earnings beat. Analyst Michael Ha upgraded UnitedHealth and called for a shift to managed care, recommending Medicare Advantage stocks UnitedHealth, CVS, Alignment Health, and Humana.

  • TSMC raised capex and revenue outlook, but chip stocks sold off on AI spending return concerns.
  • AI coding tools like Anthropic's Claude are transforming software engineering jobs, reducing entry-level positions.
  • US strikes on Iran intensified, with the Strait of Hormuz partially closed, elevating oil and gas prices.
  • Senator Chris Murphy criticized the administration's handling of the Iran war and its domestic economic impacts.
  • UnitedHealth reported strong Q2 earnings, leading to an upgrade by Baird analyst Michael Ha.
  • Michael Ha sees a historic shift from hospitals to managed care as cost trends decline, favoring UnitedHealth, CVS, Alignment Health, and Humana.
Ideas
Michael Ha Senior Research Analyst, Baird 46:41
Buy Medicare Advantage insurers on cost decline.
Healthcare cost trends are declining significantly, prompting a shift from hospitals to managed care insurers. UnitedHealth's Q2 earnings cleared a key underwriting hurdle, improving near-term visibility, and Medicare Advantage margins are improving. He recommends focusing on Medicare Advantage plans with pure earnings power: UnitedHealth, CVS, Alignment Health, Humana.
UNH CVS ALHC HUM HIGH
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This Bloomberg Markets video, published July 16, 2026, features Michael Ha discussing UNH, CVS, ALHC, HUM. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Michael Ha  · Tickers: UNH, CVS, ALHC, HUM