The week's big earnings calendar starts today. Hays reports Q4 results this morning as UK hiring conditions remain under pressure. The real fireworks come Monday, when Bank of America reports Q2 before the bell. Johnson & Johnson and Elevance Health both drop Q2 numbers Tuesday. Netflix delivers its most-watched report Wednesday after the close. Short interest on Netflix sits at just 2.4% of free float — but the stock slipped after hours Wednesday, signalling the market wanted more. Swedish broker Avanza Bank also reports Monday morning.
Bears are in an aggressive mood heading into earnings season. Alight stands out most — SI % of free float hit 136%, up a massive 129 points in just one week. Chewy remains deeply shorted at 76% SI % FF, with sellers adding 4.3 points this week. CoreWeave climbed to 34% as bears stay skeptical of its $40B valuation. Wolfspeed is the squeeze candidate — SI above 103% with zero shares left to borrow.
Analysts swept the financial sector Thursday. Robinhood drew the sharpest upgrade, with the consensus target rising to $113.82. BlackRock target moved to $1,255. T. Rowe Price and Invesco also received higher targets. Not all names benefited — Intercontinental Exchange and Blackstone both had targets trimmed.
Major insider sales dominated filings this week. Silver Lake filed $69M in Dell share sales. Applied Materials CEO Gary Dickerson sold $55.5M worth of stock. Carlos Slim filed $58.7M in PBF Energy share disposals. The pattern across tech and energy insiders points to executives taking profits after recent gains.
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.
