The market's attention this week is fixed on earnings. Alphabet reports Q2 on Tuesday, July 22 — the single biggest print of the week. Options traders are already positioning. Put flow is running hot on Visa ahead of its own results, despite short interest of just 1.2% of free float. RTX Corporation is drawing hedging activity in defense. Chubb bucks the trend — call buyers are piling in ahead of its numbers. Intel reports Wednesday with investors watching for foundry margin recovery.
Analysts turned bullish on banks Friday. Morgan Stanley was upgraded with consensus targets rising to $231.86. saw its average target jump nearly $12 to $196.89. and both received upward revisions. consensus climbed to $471.65. On the other side, was downgraded — its SI sits at an elevated 21.1% of free float.
Hertz short interest hit 70.1% of free float, up from 60.3% last week. Available shares to borrow: zero. The stock has nowhere to go for squeezed shorts. SPCX saw the week's sharpest SI jump — up nearly 24 points to 27.6%.
FT Markets flagged oil traders warning markets are near empty with the Strait of Hormuz closed again. Energy IPOs are surging as investors chase AI-linked power demand. Chinese chipmaker CXMT is seeking $10bn in what would be the largest China IPO since 2010 — a sign of continued momentum in AI memory infrastructure.
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.
