The week's biggest calendar event is PepsiCo reporting Q2 2026 results on Tuesday. Investors want clarity on volume trends and margin guidance. Delta Air Lines follows on Thursday. Travel demand has held firm, but yields and fuel costs are the key watch items. Levi Strauss also reports Tuesday. Its numbers will test whether a brand refresh is landing with shoppers.
Short sellers are making bold moves. Hertz short interest jumped nearly 11 points in a week to 59.2% of free float. Zero shares remain available to borrow. CoreWeave shorts added 4.8 points in the same period. SI now sits at 28.4% of float. Both stocks show up in options flow as well, pointing to broad bearish positioning across markets. Wolfspeed remains the most shorted large-cap US name at over 111% of free float.
BMO Capital upgraded both Delta and United Airlines this week. New targets of $105 and $157.50 respectively signal confidence ahead of Q2 results. Bears are scarce in the sector — Delta's SI is just 3.5% of float.
Stefan Persson filed purchases of over $160M in H&M shares across five trades last week. That is a rare, aggressive buy from one of Europe's most prominent retail dynasties. Meanwhile, OPEC+ agreed to a modest production increase as oil prices slide — a tailwind for consumers and airlines alike.
Applied Materials CEO Gary Dickerson filed $55M in sales. Alibaba President J. Michael Evans filed a $65.8M sale. Both executives appear to be trimming into 2026's strong equity rally.
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.
