The first big week of the Q2 2026 earnings season starts today. EPAC reports after the close. Tomorrow, PEP leads with its Q2 results. LEVI also reports Tuesday. Analysts have lifted targets on Levi ahead of results, but options flow remains cautious. The week's headline event is Thursday. DAL holds its Q2 earnings call at 10am. Delta carries just 3.5% short interest — bears are largely absent.
CoreWeave remains the standout short target. Its short interest hit 29.4% of free float, up 5.7 points in a week. The AI cloud firm went public just months ago. Bears are still adding — availability sits at 272%, leaving plenty of room to press. SoundHound AI carries 41.4% short interest with a cost to borrow of 11.7% APR. That's one of the priciest borrowing costs among liquid names.
Applied Materials CEO Gary Dickerson filed on July 1 showing he sold over $55M in shares near 52-week highs. Carlos Slim also filed, showing $40M in PBF Energy sales on June 29–30. On the buy side, Summit Therapeutics Chairman Robert Duggan filed a $50M personal purchase of SMMT shares at $13.12.
S&P Global received the strongest upgrade of the day. Its consensus target rose to $483.60, up $21. Gaming stocks faced pressure. Wynn Resorts and Las Vegas Sands both saw target cuts. Raymond James was downgraded, with its consensus hold count slipping to eight.
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.
