Super Bowl Woche der Big Tech-Earnings | US Ölindustrie boomt.

The episode opens on Monday, April 27th with WTI crude oil near $96 and Brent at $108, both up approximately 2%. Despite ongoing Iran-US diplomatic uncertainty, Wall Street's base assumption remains de-escalation and a continuation of the weapons standstill, leading markets to largely ignore oil sector volatility and focus instead on earnings season.

The host highlights that the US oil industry is having its most profitable year in history, with approximately 12.6 million barrels of energy products exported per day, making the US a major net energy exporter. This is cited as a key driver behind a 54% year-over-year shrinkage in the US trade balance deficit for goods and services in January-February. The host acknowledges, despite personal reservations about Trump's methods, that some of his policies appear to be working: the trade deficit is shrinking, investments are increasing in both tech and industrial sectors, and wage growth in lower-income brackets is rising. He also notes that government employment is at a 60-year low following DOGE-related cuts.

Earnings season is described as 'phenomenal,' with approximately 80% of S&P 500 companies having reported, beating earnings estimates by an average of 10.6%, and 70% also beating on the revenue side. The host expresses concern that this strong growth, combined with persistently high energy prices, could push up long-term bond yields and create a risk factor for capital markets.

The 'Super Bowl week' of earnings features over 180 companies reporting, with Wednesday being the most critical day: Amazon, Google, Meta, and Microsoft all report after the close, followed by Apple on Thursday. The host also flags the Federal Reserve meeting on Wednesday, with the key question being whether Jerome Powell will signal his intentions after his term ends in March, and whether Kevin Walsh will be nominated as his successor. The Bank of Japan and ECB also meet during the week.

The host warns about parabolic price rises in semiconductor stocks like Intel, which doubled in four weeks despite analyst skepticism on profitability, calling this a signal of market euphoria. The CNN Fear & Greed Index is approaching 'extreme euphoria' territory. He raises the question of whether a confirmed Iran weapons standstill would even be bullish for markets, since it has largely been priced in, or whether it could be a 'sell the news' event.

On individual stocks: Domino's Pizza is down 7% on weak same-store sales and management citing increased competition and a difficult macro environment; Verizon is up ~1.3% on solid wireless and broadband subscriber growth. Seagate and Western Digital receive bullish upgrades from Bank of America and Cantor Fitzgerald, with price targets of $700 and $500 respectively, citing supply constraints in hard disk drives enabling price increases.

In the AI/tech space, the host discusses a shift in focus from GPUs to CPUs for the next phase of AI development (agentic AI), with Amazon's Graviton chip highlighted as a strong competitor to Intel and AMD. Google's planned $40 billion investment in Anthropic is mentioned, as is a Qualcomm-OpenAI collaboration on smartphone processors. Oracle is said to be facing internal investor pressure over AI data center expansion plans. In China, regulators have banned AI startup Manus (headquartered in Singapore) and reportedly denied exit visas to its two founders.

Shell's $16.4 billion acquisition of Canada's ARC Resources, adding 370,000 barrels per day of supply, is noted as a significant energy sector deal. The episode closes with auction results for 2- and 5-year US Treasuries scheduled for 7pm CET as a data point to watch.