This week's calendar is packed. GOOGL Alphabet reports Q2 on Wednesday — a $2 trillion print watched for AI ad revenue and Cloud growth. TSLA Tesla heads into its own earnings with options hedging at a two-year high. Traders are paying up for downside protection. Short interest is just 3% of free float, so the bearish bet is coming through derivatives, not shares. META tells the opposite story — bulls are leaning into calls ahead of results, with short interest only 1.6% of FF. INTC Intel faces the toughest crowd. Analysts trimmed targets ahead of its Thursday print. Options flow reflects deep uncertainty.
South Korea's Kospi dropped nearly 5% overnight. AI-related names led the selloff. Samsung Electronics and SK Hynix fell sharply. Oil kept climbing amid ongoing Hormuz tensions — a backdrop that is also pressuring energy shorts in the US.
Short sellers made a bold new bet on SPCX this week. SI % FF jumped from 3.7% to 27.6%. Energy names OVV and BKV are also under pressure as bears position ahead of Q2 results. On the insider front, Bessemer Venture Partners filed $66.5M in TTAN sales. Carlos Slim filed $58.9M in PBF Energy exits.
CRL Charles River Laboratories was formally downgraded. DOW saw its target trimmed further. TGT Target was a rare bright spot — its average analyst target edged higher to $133.84.
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