Monday's calendar is the week's biggest catalyst. NKE reports Q4 2026 after the close. Short sellers are re-loading — SI has been climbing and analysts have been cutting targets again, making this one of the most watched prints of the month. GIS also reports Monday. Bears have been adding steadily, pushing SI to 10% of free float. STZ rounds out the day with Q1 2027 results.
Wolfspeed remains the most extreme short in the market. SI hit 129.9% of free float, up from 103% last week. Availability is now zero. Shorts are locked in with no new borrow available. Lucid faces a different pressure — a cost to borrow of 77.9% makes every day expensive for bears. Restaurant Brands saw the sharpest large-cap jump, with SI doubling from 6.6% to 14.8% in a week.
Wells Fargo lifted its target on AMAT to $740. Airline consensus targets moved broadly higher, with DAL, UAL, and LUV all seeing upward revisions. Meanwhile, AVAV moved the other way — analysts cut targets as the stock continued to slide.
Oil dropped back below $72.48 a barrel — erasing all gains since the Iran conflict began in February. That hits energy names globally. UK budget airline easyJet rejected a £4.9bn takeover offer from Castlelake, though talks are ongoing. Bitcoin fell below $60,000, its lowest in 20 months, as retail money rotated toward AI stocks.
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.
