Week in Review: Widening the Scope from Tech Euphoria to Bank Earnings

A rotation from semiconductor investments was a big theme of the week that was, with real estate and energy sectors in the S&P 500 advancing while communication services, utilities, and information technology moved lower.

For the week, the PHLX Semiconductor Index (SOX) tumbled more than 5%, continuing a selloff from its all-time high on June 22. The technology-heavy Nasdaq-100 (NDX) was off by more than 2%. More broadly, the S&P 500 (SPX) was down 0.77% and the Dow Jones Industrial Average ($DJI) was off by 0.67%. Small caps were up too, with the Russell 2000 inching ahead by 0.31%.

With the U.S. military strikes escalating in Iran, crude oil futures moved higher to settle up ettle up 4.5% on the week to $81.52 per barrel.

Here are some of our best articles, videos and interviews from the past week on four topics: Second quarter earnings; banking and financial-sector performance; trends in technology, AI and semiconductors; and the outlook for the market, inflation and energy.

Energy, Iran and U.S. Oil-and-Gas Investing:

Ellen Wald, founder of Transversal Consulting and an expert on energy and the Saudi Arabia national oil company, Aramco, examines Strait of Hormuz tension and the impact on oil prices and global energy markets. She discusses China's oil demand and the role of the U.S. Strategic Petroleum Reserve: Strait of Hormuz Risks, SPR Dynamics, and What Comes Next for Crude Oil

Ben Cook, portfolio manager, Hennessy Energy Transition Fund, discusses how China’s ability to control oil consumption impacts global energy markets. He thinks oil prices could move back toward $100 per barrel depending on the duration of the U.S.-Iran conflict. He sees U.S. energy companies Williams Companies (WMB) and Expand Energy (EXE) as beneficiaries of favorable energy and global natural gas trends. From Oil to Natural Gas, Ben Cook Spots Energy Winners

Big Week for Earnings, Including Banks

Regional financial services companies moved higher, with the State Street S&P Regional Banking ETF (KRE) up nearly 2%, and the biggest U.S. investment banks reported record fees and income.

CFRA's Kenneth Leon discusses JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS), highlights stronger-than-expected trading and investment banking results. Big Banks Ride a Wave of Trading, Deals and IPO Optimism

Founders 100 ETFs CIO Lauren Cassidy says healthy capital markets, renewed IPO activity, and resilient lending are driving the strongest banking environment in decades. See Banks Are Thriving, IPOs Are Back, and Lauren Cassidy Sees More Upside Ahead

Tim Bohen, chief technical trainer at StocksToTrade, along with Rick Ducat and Alex Coffey, walks through the charts on three stock trades including BofA: Apple (AAPL), SpaceX (SPCX) and Bank of America.

Good wasn't good enough for some companies reporting second quarter results. That was true for United Airlines (UAL) and GE Aerospace (GE), but especially Netflix (NFLX), whose shares slipped roughly 7% Friday after it reported a revenue miss and projections for slower sales growth. The options market priced in a possible post-earnings NFLX price range of $68 to $79 and the stock closed out the week at $68.95. GE Aerospace slumped despite raising full-year guidance on strength in commercial services and orders. United Airlines shares also declined despite producing Q2 earnings that beat estimates. Fuel-cost pressure weighed on its outlook.

Money Churning in Technology, AI and Semiconductor Investments

Morningstar Wealth's William Kerwin and Futurum's Dan O'Brien talk about the chip trade, from memory volatility to semiconductor consolidation.

John Belton, a Gabelli Funds portfolio manager, discusses why he thinks Nvidia stock is cheap at the current price.

Maria Llerena, head of financial research at Domini Investments, argues that the next phase of growth will come from AI adoption, and that's what to watch versus the billions being invested in AI infrastructure.

The Outlook for the Market and Inflation

For more on the week's economic data and Fed Chairman Kevin Warsh commentary on inflation, see 'Breath of Relief' on Inflation Not a Trend, Kevin Warsh's 'Buffer' on Interest Rates

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.