Celestica delivered a standout Q2 result tonight. Adjusted EPS came in at $2.54, well above the $2.30 estimate. Revenue hit $4.70B against a $4.39B forecast. The AI infrastructure boom is driving demand for its hardware services. The company raised full-year EPS guidance to $11.30 from $10.15. Full-year sales guidance jumped to $20.5B from $19.0B. Q3 guidance also topped consensus by a wide margin. Navitas Semiconductor echoed that theme — reporting accelerated demand due to "power bottlenecks" in AI infrastructure.
The biggest earnings stretch of the season starts now. Meta Platforms, Microsoft, and Apple all report Wednesday. Amazon follows Thursday. Options traders are split on tech — both heavy put and call volumes on and signal uncertainty rather than clear direction. sits deep in oversold territory with an RSI of 28, down 30% year-to-date.
Brent crude broke back above $100 per barrel. The FT flagged the move as a threat to inflation and interest rate expectations globally. A bond sell-off followed. Hong Kong's exchange relaxed listing rules amid a competitiveness drive. Hedge fund assets hit a record high, up $400B on AI-fuelled equity gains.
Short sellers stayed aggressive this week. Chewy short interest reached 79.2% of free float. Hertz hit 78.6%. Charter Communications carries 27.7% SI % FF after analyst targets were cut sharply to $187.35. Insiders leaned heavily toward selling — Carlos Slim disclosed over $130M in PBF Energy sales since late June.
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.
