This week's big question is earnings. Alphabet reports Q2 on Tuesday, July 22. That is the most-watched print of the week. Intel follows Wednesday. Investors want proof its turnaround is real. Charter Communications closes the week Thursday. Broadband subscriber numbers will set the tone for telecom names.
Financials are already moving. Analysts lifted targets on Morgan Stanley after strong Q2 results. The consensus target rose to $231.86. State Street saw the biggest target jump, up nearly $12 to $196.89. UnitedHealth also caught an upward revision, to $471.65. Fox Corporation was the one downgrade of note.
Hertz is the most dangerous short in the market right now. Short interest hit 70% of free float this week, up from 60%. Borrow availability has collapsed to zero. No shares remain to borrow. That is a classic squeeze setup. Tango Therapeutics sits at 59.5% short interest, one of the highest biotech readings tracked.
SpaceX vehicle SPCX saw short interest jump 24 percentage points in a single week to 27.6% of free float. Bears are piling in hard on the newly listed name.
ServiceTitan saw Bessemer Venture Partners file over $56M in sales since July 2. Broadcom Chief Legal Officer Mark Brazeal filed nearly $19.5M in sales. Billionaire Carlos Slim filed roughly $43M in PBF Energy sales. Selling pressure is broad across several names heading into a pivotal earnings stretch.
Options traders are positioning bullishly on CSX ahead of Monday's earnings and watching Texas Instruments closely for directional clues in chips.
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.
