Oil is having a mood swing every few hours right now — and somehow, energy stocks are the calmest thing in the room.
Here's the story nobody's fully connecting yet.
The Strait of Hormuz has been open, closed, threatened, and un-threatened — sometimes in the same day.
Iran hit oil tankers.
Trump floated a 20% "security fee" on tankers moving through the Strait.
That fee alone could've cost $30 million per supertanker.
It died within hours. Too expensive to survive contact with reality.
Energy stocks are only 3% of the S&P 500's weight.
They're generating 5% of its earnings.
Analysts now expect energy company profits to double.
Ex-bitcoin miners are quietly becoming AI's power backbone.
Think about that.
Companies that once mined bitcoin are now signing contracts bigger than most tech IPOs — just to keep AI datacenters powered on.
Truist just slapped a $129 target on Cameco.
That's 40% upside, with a fresh buy rating attached.
Nuclear is back. Nobody sent the memo loudly, but the money already moved.
Every Russian refinery Ukraine knocks out means less refined Russian fuel domestically…
which pushes more crude onto the global market…
which quietly offsets the Hormuz panic.
War creating supply, not just destroying it.
Refiners like PBF Energy have doubled this year on the ripple effect alone.
TeraWulf's CEO isn't rattled — calling his flagship site "the gold standard" regardless.
But if other states copy New York, the AI power gold rush hits its first real speed bump.
Earnings season lands July 31st.
That's when the market finds out if this optimism was real — or just noise moving at the speed of a headline.
That's all for now!
