Trump abandoned a proposed 20% Strait of Hormuz fee early this morning. Gulf states agreed to make record investments in the US instead. CENTCOM confirmed the naval blockade remains in place. Oil markets are watching closely. XOM and energy names face a binary read — sanctions relief without the fee could cut both ways.
Thursday is the day to watch. NFLX reports Q2 after the bell. Short interest sits at just 2.5% of free float — options sentiment leans bullish. UNH holds its Q2 call at 8am. The health insurer remains under scrutiny despite light short interest of 2%. ISRG also reports after hours. In Europe, industrial giant ABB posts Q2 numbers out of Zurich. Nordea Bank releases H1 results the same day.
Analysts reshuffled their financials views after a heavy reporting week. BAC was the standout downgrade. GS attracted two target price increases, with the average rising to $1,041. JPM saw its target lifted to $358.29. It holds zero sell ratings across 24 analysts.
Bears made a dramatic move into SPCX. Short interest jumped 22 points in a week to 26%. On the other side, HUN saw short sellers cover aggressively. SI dropped 7 points to 11.6%. UAL faces a binary options event. Bears are positioned ahead of Q2 results with short interest at 6.5% of free float.
Executives at RH, CASY, and BB filed significant sales this week. RH CEO Gary Friedman sold over $19M in shares between July 6–8.
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.
