The week's biggest story is a packed earnings calendar. BAC kicks things off Monday morning with Q2 results. BNY follows Tuesday before the open. Wednesday is the marquee day — Netflix reports Q2 after the close, with subscriber growth and ad-tier momentum as the key watch points. UNH holds its Q2 call Wednesday morning. Robot surgery leader ISRG also drops Q2 results mid-week. In Europe, Swiss industrial group ABB releases Q2 figures Wednesday as well. Swedish kitchen brand Nobia is also due to report this week.
Bears are doubling down on AI infrastructure. CoreWeave short interest climbed to 33.1% of free float — up 4.8 points in seven days. Options traders are watching closely, with 206% availability suggesting plenty of room to add more shorts. Wolfspeed is at an extreme. SI sits at 103% of free float with near-zero borrow availability. A single catalyst could trigger a sharp squeeze. Chewy also remains under pressure at 74.8% of FF.
A $24M cluster purchase in Mission Produce stands out this week. Major shareholder GlobalHarvest filed three buys across July 6–9. On the other side, venture backer Bessemer Venture Partners filed over $35M in ServiceTitan sales. RH CEO Gary Friedman sold $6.6M worth of shares on July 8.
Wall Street turned positive on industrials and chemicals. Honeywell drew a new Buy initiation with a $247 target. International Flavors & Fragrances scored an outright upgrade from Hold to Buy. FT Markets flagged a broader caution note — analysts warn of a "perilous summer" ahead, with high-stakes earnings, a potentially reformist new Fed chair, and yen weakness as key risks.
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.
