The week of July 12 is one of the busiest on the earnings calendar. Bank of America reports Tuesday before the open. BNY Mellon follows on Wednesday. Thursday brings the biggest prints: Netflix reports after the close, while UnitedHealth Group and Intuitive Surgical also release results. Options traders are watching UNH most closely. Bearish positioning has grown sharply as the insurer faces scrutiny over its cost ratio. NFLX carries only 2.4% short interest, but directional bets are building ahead of the subscriber print.
Bears moved aggressively into AI infrastructure this week. CoreWeave saw SI % of free float climb to 33.1%, up 4.8 points in seven days. Wolfspeed remains the most extreme name — short interest exceeds 100% of free float, availability has dropped to zero, and any positive catalyst could trigger sharp covering. Chewy is also in focus, with SI % FF hitting 74.8%.
$390M in insider sales filed this week. The biggest single exit came at Perimeter Solutions, where Windacre Partnership sold $195.6M across late June. Applied Materials CEO Gary Dickerson filed $55.5M in sales. Alibaba President J. Michael Evans filed $68.4M on July 1.
Volkswagen is pushing to avoid plant closures as it cuts costs. CEO Oliver Blume is resisting union pressure while trying to restructure the troubled automaker. In markets, SK Hynix's US-listed shares jumped 13% on their Nasdaq debut, pricing at $149 and trading as high as $177 — a strong signal that memory chip demand is rebounding.
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.
