Tuesday marks a packed reporting day. Jabil, CarMax, and La-Z-Boy all reported this morning. CarMax carries 11.5% SI % FF — elevated for a consumer name. The week's biggest print lands Monday June 23. FedEx reports Q4 results after the close. Options traders have already clustered near-term expiries at June 18 and June 26, signalling active hedging. Carnival also reports that day. Long-dated options through September suggest traders expect a wide range of outcomes.
Stellantis, Wayve, and announced a joint Level 4 driverless robotaxi partnership covering Europe and North America. The deal adds competitive pressure to , whose own robotaxi plans are closely watched. Elon Musk also made headlines today, saying dollars will eventually be replaced by "mass and energy" — reaffirming his longer-term bets on lunar factories and AI infrastructure.
Cerebras Systems remains the standout short interest story. SI % FF hit 32.4%, up 26 points in one week. Zero availability means bears cannot easily add more. Analysts meanwhile lifted AMD targets to $487.90, backed by 42 Buy ratings. The contrast is sharp — one AI chip name is being shorted aggressively while another attracts analyst praise.
Summit Therapeutics insiders spent over $52M buying SMMT shares this month. CEO Robert Duggan led with a $50M purchase. That scale of insider buying is rare. Robinhood also drew a $20.2M buy from early backer Ribbit Capital — a fresh signal of confidence in the fintech platform.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
