AAPL filed a lawsuit today accusing OpenAI of stealing hardware trade secrets. Two former Apple engineers allegedly carried confidential files to the ChatGPT maker. The case landed during a week when options traders are already positioned for big moves. Apple's short interest is just 0.98% of free float — bears are minimal. Options are the tool of choice here.
Q2 season kicks off in earnest next week. BAC reports Monday. JNJ and UNH follow Tuesday and Wednesday. NFLX drops its Q2 numbers after Wednesday's close. Subscriber growth and ad-tier traction are the key watch points. European names are also in the mix — Swiss industrial giant ABB reports Q2 on Wednesday. Nordic bank Nordea posts H1 results the same day.
Wolfspeed (WOLF) has zero shares available to borrow. Short interest crossed 103% of free float. That is a classic squeeze setup. Meanwhile, CRWV (CoreWeave) saw SI jump 4.8 points to 33.1% — bears are circling the $40B AI infrastructure play. CHWY short interest stands at 74.8% of free float.
DELL saw Silver Lake file a $62M share sale on July 8. At RH, CEO Gary Friedman sold $17.9M worth of stock this week. On the analyst side, Quanta Services took the biggest target cut — Jefferies trimmed to $784 from $857. DAL filed a shelf prospectus today for potential debt and equity issuance, adding to a cautious tone heading into earnings week.
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.
