Amber Kanwar’s Weekly Setup: Rogers earnings and a look at the Iran war’s impact on inflation
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- S&P 500 hit a record high last week, marking a third straight week of gains and putting April on track for its best monthly rise since Nov 2020.
- Iran's ceasefire with the U.S. expires Tuesday, reviving worries that renewed conflict could choke oil shipments and stoke inflation.
- Anthropic rolled out a code‑modernization platform that promises to shrink legacy‑system upgrade cycles from years to quarters, a move seen as a tailwind for IBM’s AI push.
- IBM shares have slid ~20% from their February peak amid AI‑related concerns, yet analysts argue its integrated software‑consulting‑infrastructure stack remains a competitive edge.
- Intel is trading near a 26‑year high and up 87% YTD after landing chip contracts with Elon Musk’s firms and Alphabet, despite an expected revenue dip and no profit this quarter.
Why it matters: Investors gain from the S&P 500's record rally, but oil‑dependent exporters lose if Iran’s ceasefire lapses, driving inflation higher and squeezing consumer spending across the market.
