The Week Everything Happened At Once: Oil Shock, Assassination Attempt, and Mag 7 Earnings All Collide
Social sentiment exploded across five major themes this week: Hormuz oil disruption, a presidential assassination attempt, Mag 7 earnings, the Fed chair transition, and the OpenAI-Microsoft breakup
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| MU MICRON TECHNOLOGY INC | buy | $526.21 | — | — | — |
| SNDK Sandisk Corp | buy | $1079.08 | — | — | — |
| MSFT MICROSOFT CORP | hold | $425.45 | — | — | — |
| AMZN AMAZON COM INC | buy | $261.73 | — | — | — |
| META Meta Platforms, Inc. | buy | $678.65 | — | — | — |
| GOOGL Alphabet Inc. | buy | $352.24 | — | — | — |
| FIX COMFORT SYSTEMS USA INC | buy | $1798.00 | — | — | — |
| INTC INTEL CORP | buy | $84.85 | — | — | — |
Let's set the scene: the S&P 500 and Nasdaq both closed at record highs, Goldman is calling for Brent crude at $90/barrel by Q4, an armed man charged security at the White House Correspondents' Dinner, and five of the Magnificent Seven reported earnings — all in the same week. Your cortisol is not imagining things.
The biggest macro story remains the Strait of Hormuz, now flowing at roughly 5% of normal levels, with analysts estimating a cumulative loss of ~2 billion barrels of Persian Gulf oil by year-end — about 20% of global inventories. Bloomberg's Daniel Yergin called it "the biggest energy disruption we've ever seen," and yet equity markets are collectively shrugging like a teenager asked to do chores. Adam Parker on CNBC warned investors are dangerously complacent, while Tom Lee (very much not complacent) said S&P 7,700 is "very probable" as earnings estimates rise and AI productivity kicks in. Two guys, one market, choose your fighter.
On the AI front, $MSFT and OpenAI formally unwound their exclusivity deal — OpenAI can now cozy up to $AMZN's AWS and others, while Microsoft keeps model access through 2032. Meanwhile, $MU and $SNDK were the week's surprise stars, surging 5.6% and 8% respectively after Melius Research initiated both with buy ratings, calling memory "core to AI coverage." Kevin Warsh's Fed chair confirmation is clearing the Senate runway, the DOJ quietly dropped its Powell probe, and Guyana is apparently printing money at $623 million in oil revenue per week. Nobody had Guyana on their bingo card.