The heaviest earnings week of 2026 collides with a Federal Reserve decision today. Microsoft and Meta both report after the close tonight. Apple and Amazon follow tomorrow. All four names carry significant short-side options pressure. Traders have been hedging hard into the prints.
NVIDIA sits at an RSI of 42. Options bears are piling on despite the stock sitting just 5% lower year-to-date. Tesla is in worse shape — RSI of 27, down 31% in 2026, with heavy put activity still building. Wedbush today raised its target on Seagate Technology to $1,000, a rare bullish outlier in an otherwise cautious chip environment. SK Hynix earnings disappointed overnight, adding to sector jitters.
Two regulatory stories broke this afternoon. The FTC is suing Hims & Hers Health for allegedly sharing user health data with Meta and Snap. The lawsuit lands hours before Meta's earnings call — adding an unwanted headline to an already scrutinised report. Separately, Trump signed a ban on Chinese humanoid robots, a move that rattles supply chain assumptions across robotics and EV names.
Bears have pushed Hertz short interest to 84% of free float with zero shares left to borrow. Squeeze pressure is real. Meanwhile, a 10% owner at Safety Insurance Group filed a $131M share sale — the largest insider exit of the week — executed as the stock hit multi-year highs.
Logitech saw its Wedbush price target trimmed to $130. The Swiss peripheral maker faces continued PC demand pressure. No major European earnings surprises dominate today's tape.
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