Corporate reporting season kicks off this week with three big names on deck. PepsiCo reports Wednesday. Delta Air Lines follows Thursday. Levi Strauss posts results today after the close. Delta's read on summer travel demand will be the most closely watched. Short interest on all three is low — 2.2%, 3.5%, and 7.6% respectively — suggesting bears are not pressing bets ahead of results. Options traders appear positioned for upside surprises.
Trump called the $350 billion defense package his "number one priority" in Congress today. The push lit up Lockheed Martin and RTX. Short interest in LMT sits at just 1.6%. Options activity around defense names can spike sharply on legislative catalysts like this one.
CoreWeave saw the biggest short interest jump of the week — up 5.7 percentage points to 29.4% of free float. The AI cloud name's valuation remains a sticking point for bears. Analysts moved the other direction on S&P Global. The consensus target jumped 8% to $500.38, with 23 Buy ratings. Telecoms took cuts — T-Mobile and Comcast both saw target prices trimmed.
Applied Materials CEO Gary Dickerson filed $55.5M in sales. Five insiders at Atlanticus Holdings — including the CEO, CFO, and founder — all sold within days of each other. Alibaba President J. Michael Evans filed a $65.8M sale. The coordinated selling across companies is a theme worth watching as earnings season begins.
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.
