Stocks Keep Record Highs on Renewed US-Iran Hopes | The Close 5/1/2026

Watch on YouTube ↗  |  May 01, 2026 at 22:34  |  1:36:12  |  Bloomberg Markets
Speakers
Jacob Thaysen — CEO, Novo Nordisk
Greg Boutle — U.S. Head of Equity & Derivative Strategy, BNP Paribas
Danielle Shay — Chief Market Strategist, Simpler Trading
Romaine Bostick — Anchor, Bloomberg
Robert Reffkin — CEO, Compass

Summary

Bloomberg's market close show covers record S&P 500 highs driven by tech and AI earnings, with segments on geopolitical risks (Strait of Hormuz), housing, and individual stock trades. Guests express bullishness on semiconductor stocks, Illumina, and the energy sector, while options trader Danielle Shay provides specific trade setups for AMD, ARM, Palantir, Nvidia, and Broadcom. The market remains resilient despite oil price volatility and Middle East tensions.

  • S&P 500, Nasdaq, and Russell 2000 close at record highs for the week.
  • Niladri Mukherjee sees more upside in chip stocks and highlights Intel's inference demand.
  • Illumina CEO Jacob Thaysen emphasizes strong clinical growth and sustainable momentum.
  • BNP Paribas' Greg Boutle favors the energy sector on earnings upgrades.
  • Danielle Shay recommends buying AMD on pullback, bullish on ARM, and watches Palantir's earnings.
  • Chevron CFO says no change to plans despite Strait of Hormuz closure; US exports at records.
  • Housing market shows signs of recovery with more inventory and pending sales, per Compass CEO.
  • Upcoming week features earnings from AMD, Disney, McDonald's, and the April jobs report.
Trade Ideas
Niladri Mukherjee 7:15
Chip stocks have more runway
AI infrastructure spending continues to grow with demand outstripping supply; chip stocks (picks and shovels) still have more upside as hyperscalers and other enablers like power and cooling benefit.
SMH HIGH
Niladri Mukherjee 7:35
Intel benefits from inference demand
Intel is coming back into demand due to lower-cost chips used in inference, benefiting from the AI buildout beyond just high-end GPUs.
INTC MED
Jacob Thaysen CEO, Novo Nordisk 36:44
Illumina has strong sustainable growth
Illumina has found sustainable growth momentum driven by clinical genomics, especially oncology, as genomic sequencing becomes standard of care; new innovations like TruePath support long-term opportunity.
ILMN HIGH
Greg Boutle U.S. Head of Equity & Derivative Strategy, BNP Paribas 49:12
Energy sector has strong earnings upgrades
The energy sector has some of the strongest earnings forecast upgrades this year, making it attractive alongside tech, even as the overall market transitions to fundamentals-driven gains.
XLE MED
Danielle Shay Chief Market Strategist, Simpler Trading 64:25
Buy AMD pullback to $400
AMD has strong relative strength and historically beats earnings, but tends to gap down; buying a pullback after earnings offers a good risk/reward for a rally to $400.
AMD MED
Danielle Shay Chief Market Strategist, Simpler Trading 65:18
ARM target $250 on breakout
ARM has broken out of a long consolidation with rising volume and momentum; earnings should continue the breakout, with an overhead price target of $250.
ARM MED
Danielle Shay Chief Market Strategist, Simpler Trading 66:22
Palantir breakout if earnings strong
Palantir is in a downtrend after past earnings misses; a positive beat and guidance could break the downtrend and offer a great buy spot, otherwise new lows are possible.
PLTR MED
Danielle Shay Chief Market Strategist, Simpler Trading 67:43
Buy NVDA/AVGO into earnings
Nvidia and Broadcom have strong overall ETF trends and upcoming earnings, providing an entry point for a rally into their reports.
NVDA AVGO MED
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This Bloomberg Markets video, published May 01, 2026, features Niladri Mukherjee, Jacob Thaysen, Greg Boutle, Danielle Shay discussing SMH, INTC, ILMN, XLE, AMD, ARM, PLTR, NVDA, AVGO. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Niladri Mukherjee, Jacob Thaysen, Greg Boutle, Danielle Shay  · Tickers: SMH, INTC, ILMN, XLE, AMD, ARM, PLTR, NVDA, AVGO