Q2 earnings season is hitting its stride this week. Banks, healthcare giants, and tech names are all due to report. Short sellers are circling, while analysts are turning bullish on travel and energy.
The biggest story this week is the earnings calendar. BAC, WFC, and C kick things off Monday morning. JNJ follows on Tuesday. The marquee event is Wednesday, when NFLX reports Q2 after the close. Subscriber trends and ad-tier growth are the key watch points. GE and UNH round out a packed week. FT Markets flags this as a high-stakes earnings season, with potential for sharp volatility.
Short sellers are not sitting still. CoreWeave saw SI % FF jump to 33.1% in a week. Bears are sceptical of its $39.8B AI cloud valuation. Chewy sits at 74.8% shorted. Wolfspeed is the extreme case — SI hit 103% of free float with zero shares left to borrow. A short squeeze there cannot be ruled out. On the other side, CrowdStrike saw shorts flee ahead of its results, with SI dropping to just 0.91%.
Wall Street is upgrading its outlook on cyclicals. Delta Air Lines has 25 buy ratings and a new target of $99.56. Marathon Petroleum received a target lift to $275.65. Airbnb and Targa Resources also attracted bullish attention.
SK Hynix made its Nasdaq debut, with US-listed shares jumping 13% to $177 after pricing at $149. Argentina repaid $4bn in debt without tapping global markets, a signal of fiscal discipline under the Milei government.
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.
