Mega-Cap Week Meets a Bear Revival

Earnings Take Centre Stage

The biggest story of the week is earnings. Microsoft reports fiscal Q4 2026 results on Wednesday after the close. It is the key test for AI sentiment in 2026. Meta and Amazon follow later in the week. Apple rounds out the big four on Thursday. Between them, these four names represent trillions in market value. Options traders are split on direction. Micron is the semiconductor wild card — up 247% year-to-date — with two-way flow hitting an extreme.

Bears Double Down

Short sellers are not waiting for results. Hertz hit 75% SI % FF with zero shares left to borrow. Chewy sits at 72.4%, up nearly 6 points on the week. Wolfspeed tops the table at 80.2%. The chipmaker is up 162% in three months, yet bears keep pressing. Tesla tells a different story — its RSI14 dropped to 29.1 and the stock is down 29% this year, with negative options bets running hot.

Analysts Diverge on Sectors

Analyst moves today were cleanly split. Energy names got upgrades — Chevron, ConocoPhillips, and ExxonMobil all saw target lifts. Charter Communications went the other way. Its consensus target slipped further, with short interest near 26% of free float adding pressure.

Inflation Bites Grocers

One macro story broke today via AP. Inflation is easing at the headline level. Grocery bills are not following. Retailers like Walmart, Kroger, and Costco remain in focus as consumers feel the squeeze despite cooler CPI readings.