Geopolitics grabbed the wheel today. The US and Iran exchanged strikes on tankers before fresh ceasefire diplomacy emerged. Markets remain edgy. Japan's government bond yields hit a 30-year high as debt concerns grow. South Korea's Kospi fell more than 20% from its June peak. Samsung Electronics and SK Hynix led the slide. The AI chipmaker trade is losing altitude fast across Asia.
Short sellers are piling into select names. CHWY short interest hit 75.4% of free float — up 5.6 points in a week. CRWV shorts rose to 32.7% as AI hype faces sceptics. CHRN saw the biggest 7-day jump, up nearly 10 points to 42%.
Banks are in focus ahead of earnings. Raymond James reinstated U.S. Bancorp at Strong Buy with a $72 target. got a Market Perform reinstatement. reports Q2 results on July 14. was downgraded today on fundamental concerns.
AeroVironment shares spiked during its 2026 Investor Day presentation. Barclays initiated Strategy Inc at Overweight with a $130 price target.
London's IPO market looks barren. The value of takeover bids on the LSE is 27 times higher than the value of new listings this year. Ashtead Group (Dulux maker) surged after rejecting a £14.5bn takeover bid. European defence stocks rallied after Ukraine ratified a $105bn EU loan deal.
PEP holds its Q2 call today. DAL reports Thursday. Airlines remain in focus as travel demand and fuel costs dominate the narrative. Analysts continue lifting targets on DAL and UAL.
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.
