Netflix reports Q2 results today after the bell. Alphabet follows on Tuesday. Both carry minimal short interest — 2.4% and 1.5% of free float respectively. That signals little bearish conviction. Options traders are watching closely for any earnings surprise.
Intuitive Surgical also holds its Q2 call today. ABB Ltd dropped European results this morning.
AtaiBeckley jumped 65% after-hours on reports that Eli Lilly is in acquisition talks. The psychedelics-focused biotech had low coverage heading into the session. This is the standout single-stock move of the day.
The Strait of Hormuz has shut again. Oil traders warn stockpiles are running low. UK 10-year gilt yields briefly topped 5% — the highest since May. UK borrowing costs are rising at a sensitive political moment, just before Andy Burnham takes the prime ministership.
Bears built positions in Hertz, where SI % FF hit 70.4% with near-zero availability. Space Exploration Technologies saw short interest leap 22 points to 26.3% in one week.
On the insider front, Broadcom's AVGO Chief Legal Officer filed $19.5M in sales this week. Lenovo's CEO disclosed a $126M disposal filed July 13. Countering the selling, Israeli energy CEO Ofer Yanay has bought over $57M of NOFR stock across six consecutive trading days.
US small caps are on track for their best year since 2003. AI spending, tax changes, and low valuations are all cited as drivers. The rotation away from mega-cap tech may be gaining momentum heading into a heavy earnings week.
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.
