Stocks Near Record Highs on Iran Truce Extension | Bloomberg Businessweek Daily 4/22/2026

Watch on YouTube ↗  |  April 22, 2026 at 20:25  |  42:31  |  Bloomberg Markets
Speakers

Summary

The video discusses the market impact of the extended Iran ceasefire, with stocks near record highs and oil prices elevated. Guests analyze the geopolitical stalemate, AI industry developments including SpaceX's acquisition of Cursor, and a bullish market outlook with an S&P 500 target of 8000. The CEO of Suburban Propane also provides insights into the domestic propane market.

  • Stocks trade near record highs despite ongoing Middle East tensions and elevated oil prices.
  • Ray Takeyh analyzes the U.S.-Iran stalemate, highlighting Iran's leverage over the Strait of Hormuz and the potential for a fragile 'new normal'.
  • Seth Fiegerman discusses AI industry trends, including SpaceX's agreement to acquire AI startup Cursor and the leading position of companies like Anthropic and OpenAI.
  • Jay Hatfield presents a bullish market outlook, reiterating an S&P 500 year-end target of 8000 based on earnings estimates.
  • Hatfield recommends specific stocks: KKR for its brand and valuation, Amazon for its attractive PEG ratio, and Cheniere Energy for long-term energy infrastructure exposure.
  • The discussion covers the impact of high energy prices on the U.S. economy, noting it's less severe than in Europe or Asia due to domestic production.
  • Michael Stivala, CEO of Suburban Propane, discusses the company's 30th anniversary and growing demand for propane in new applications like EV charging and data centers.
  • Market updates throughout show gains in major indices, semiconductors, and oil, with a focus on upcoming earnings from Tesla.
Trade Ideas
Jay Hatfield 26:19
S&P 500 to reach 8000 by year-end.
He has a year-end target of 8000 for the S&P 500, based on consensus earnings estimates of $375 and a P/E of 21.3, and believes the target is conservative and could go higher if interest rates come down.
SPY HIGH
Jay Hatfield 29:39
Cheniere Energy is a good long-term energy investment.
He likes Cheniere Energy (LNG) as a long-term investment in the energy sector. It is a pipeline/infrastructure company that will benefit from the long-term advantage of U.S. natural gas sourcing and is trading at reasonable multiples. It will benefit from the end of the war and long-term demand, despite potential short-term declines when the Strait of Hormuz reopens.
CHENIERE MED
Jay Hatfield 30:47
KKR is undervalued at 10 times earnings.
KKR is one of the best financial services brands in the world, trading at only 10 times earnings, and should trade at a 20-30 multiple. They have permanent capital, limited exposure to private credit, and raised $23 billion last month, indicating strong business momentum.
KKR HIGH
Jay Hatfield 31:43
Amazon is undervalued relative to Walmart.
Amazon is the poster child for the rotation being overdone. It trades at 22 times earnings with over 20% growth, giving it a PEG ratio of 1, which is more attractive than Walmart's PEG ratio of 4, making it undervalued relative to its growth.
AMZN HIGH
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This Bloomberg Markets video, published April 22, 2026, features Jay Hatfield discussing SPY, CHENIERE, KKR, AMZN. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jay Hatfield  · Tickers: SPY, CHENIERE, KKR, AMZN