Q2 earnings season is now underway. Markets are focused on what big banks and a handful of high-profile names will report in the days ahead.
BAC kicks things off Monday, July 14. BNY follows Tuesday. Wednesday is the busiest day — NFLX, UNH, and ISRG all report. Netflix subscriber growth and UnitedHealth's managed care outlook are the two most closely watched prints. UNH has had a turbulent stretch, and investors want clarity on margins.
Short sellers are building positions into the earnings rush. CoreWeave saw short interest jump to 33.1% of free float, up 4.8 points in a week. Bears are betting AI infrastructure valuations won't hold. is in extreme territory — short interest exceeds , borrow availability has hit zero, and cost to borrow stands at 9.1% APR. remains heavily targeted at 74.9% SI % FF. On the flip side, saw shorts retreat sharply, with SI falling from 2.9% to just 0.9%.
Applied Materials got a target price lift to $606.20. Analysts keep 31 Buy ratings on the semiconductor equipment maker. IFF earned a broad upgrade — 16 Buy ratings now back the specialty chemicals company at a $91.21 consensus target. Pfizer saw its target trimmed to $28.94, while Merck got a small bump to $132.33.
ServiceTitan backer Bessemer Venture Partners filed over $29M in sales between July 2–7. RH CEO Gary Friedman sold $11.7M worth of shares on July 8. Carlos Slim trimmed his stake in PBF Energy by $16.8M, signalling caution on refining margins.
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.
