Oil at $110, Yields at 2007 Highs, and Wall Street Is Still Buying the Dip — Someone's Wrong
From the biggest utility merger ever to AI chip wars and a SpaceX IPO on deck — this week had more plot twists than a Netflix drama
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| NEE NEXTERA ENERGY INC | buy | $88.54 | — | — | — |
| NVDA NVIDIA CORP | buy | $225.34 | — | — | — |
| AMZN AMAZON COM INC | hold | $265.39 | — | — | — |
| META Meta Platforms, Inc. | hold | $606.05 | — | — | — |
| ANET Arista Networks, Inc. | buy | — | — | — | — |
| SCHW SCHWAB CHARLES CORP | buy | $90.87 | — | — | — |
| SNOW Snowflake Inc. | hold | $165.31 | — | — | — |
| GOOGL Alphabet Inc. | buy | $386.13 | — | — | — |
| BLK BlackRock, Inc. | buy | $1047.22 | — | — | — |
| CRWV CoreWeave, Inc. | sell | $101.40 | — | — | — |
| LULU lululemon athletica inc. | hold | $121.81 | — | — | — |
| HD HOME DEPOT, INC. | hold | $307.70 | — | — | — |
| SPCE Virgin Galactic Holdings, Inc | hold | $2.49 | — | — | — |
| RYAAY RYANAIR HOLDINGS PLC | buy | $56.79 | — | — | — |
| COP CONOCOPHILLIPS | buy | $123.16 | — | — | — |
Let's set the scene: Brent crude at ~$110/barrel, the 30-year Treasury yield hitting levels not seen since 2007, the Strait of Hormuz reduced from 135 ships/day to just 9, and yet Dan Ives is out here calling tech stocks another 10-12% higher. Someone is spectacularly wrong, and honestly, that's what makes markets fun.
The week's biggest structural story is the $NEE / $D merger — a ~$67 billion all-stock deal creating an East Coast utility giant from Florida to Virginia, framed entirely around AI data center power demand. Meanwhile, $AMZN's Trainium chips are reportedly cutting inference costs by 35% vs Nvidia's H100, which is the kind of stat that makes $NVDA bulls reach for antacids — except NVDA's earnings reportedly beat again. On the bond side, Barron's CIO Brad Conger dropped a cold bucket of water on equity bulls, noting the equity risk premium is near a 20-year low at ~2.7% — meaning stocks are barely compensating you over safe bonds. And SpaceX is eyeing a $1.75 trillion IPO valuation, which is either the trade of the decade or the most expensive FOMO in history.
The week basically ended where it started: uncertain, inflationary, and weirdly bullish. Buy the dip reflex is strong — just make sure you know which dip you're buying.