Bank earnings dominate the agenda this week. JPMorgan, Goldman Sachs, Bank of America, Citigroup, and Morgan Stanley are all set to report. Markets expect strong profits driven by trading revenues and deal activity. Short interest on the major banks sits below 2.5% of free float. That's a clear signal — bears are not positioned against this sector.
Netflix reports Thursday. UnitedHealth and Intuitive Surgical also drop Q2 results the same day.
Two short interest situations stand out. CoreWeave short interest hit 33.1% of free float — up 4.8 percentage points in a single week. Bears are still building, with 206% availability of borrow remaining.
Wolfspeed is a different story entirely. Short interest crossed 103% of free float. Zero shares remain available to borrow. Cost to borrow sits at 9.1% APR. The squeeze setup is extreme.
Chip and infrastructure executives are cashing out near peak prices. Applied Materials insiders — including CEO Gary Dickerson — filed $142M in combined sales. At power firm Argan, four insiders sold a combined $78.8M.
Thursday's European calendar features Nordea Bank and Swiss industrial group ABB both reporting first-half results. SK Hynix's US-listed shares also made a splash today, jumping 13% on Nasdaq debut pricing at $149.
Analyst upgrades favour Delta Air Lines and specialty chemicals firm IFF. Meanwhile, LyondellBasell faces continued pressure as European petrochemical demand stays weak.
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.
