The second quarter reporting season starts this week. PEP reports Tuesday, July 8. Investors will watch pricing power and consumer volumes closely. LEVI also reports Tuesday. DAL follows Thursday — one of the most closely watched calls of the summer. BMO Capital raised its Delta target to $105 from $80 this week. It also lifted UAL to $157.50. Both airlines carry Buy ratings. Short interest in Delta sits at just 3.5% of free float. Bears are not betting against travel.
HTZ is the most extreme short in the market right now. Short interest has hit 59% of free float. Availability has dropped to zero. Any forced covering could move the stock sharply. CRWV is also attracting heavy attention. SI reached 28.4% of free float — nearly double its level from late May. remains pinned at 40.6% with a 11.8% cost to borrow.
Robert Duggan, CEO of SMMT, filed a $50M share purchase on June 12. That is a clear signal of confidence from the top. John Malone added nearly $10M to LILA across three filings. On the other side, an NVDA director sold $186M in shares. The Walton family filed over $530M in WMT disposals.
Oil bears are growing louder. Citi forecasts Brent could fall to $60 a barrel by Christmas. Canada also announced plans for a new pipeline to supply Asia. S&P 500 earnings forecasts are rising at their fastest pace since the Covid rebound — though some analysts warn of an "earnings bubble" forming.
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.
