The week's biggest corporate event arrives Tuesday. GOOGL (Alphabet) reports Q2 results after the close on July 22. Investors will scrutinise AI-driven ad revenue and cloud growth. Options positioning is call-heavy — short interest sits at just 1.46% of free float. INTC (Intel) also reports Wednesday, with traders watching for any recovery signal after a brutal stretch. In Europe, Nestlé releases H1 results, under pressure on volumes. Regional bank TFC (Truist Financial) kicks things off today with Q2 numbers.
Short sellers moved hard against HTZ this week. Short interest jumped to 70.8% of free float. Availability of shares to borrow has hit zero — a major warning sign. SPCX (SpaceX) also saw shorts surge, climbing from 3.7% to 26.6% in a single week. Cost to borrow remains cheap at 2%, keeping the trade accessible to bears.
NVDA CEO Jensen Huang announced a new AI factory in Tokyo today, alongside a partnership with SoftBank. The visit underscores Nvidia's push to cement AI infrastructure deals across Asia. The announcement adds momentum to the ongoing AI capex theme heading into earnings season.
Wall Street trimmed targets on NKE and NFLX today. UNH bucked the trend, with consensus targets rising to $464.92 from $451.31. On the insider front, Silver Lake filed a $213 million sale of DELL shares — the largest US insider exit in two weeks. GME CEO Ryan Cohen escalated his eBay rhetoric, vowing pursuit of EBAY "one way or another."
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.
