Friday marks one of the busiest mornings of earnings season. ExxonMobil and Chevron both report today, with analysts expecting their strongest results in 15 quarters. Options flow is bullish on both names. Brent above $100 — driven by US-Iran tensions — gives energy bulls real momentum. AbbVie and Eaton also report this morning. META heads into its Q2 print with bearish options flow dominating. The stock is down 11% year-to-date and RSI sits at just 41.4.
Bears are pressing hard on consumer names. Hertz short interest hit 84.6% of free float on July 30 — up nearly 10 points in a week. jumped from 29.1% to 36.2% in the same period. Short sellers are clearly betting the car rental sector faces structural trouble. also sits near record short levels at 82.4% of free float. saw a major shareholder dump over $97M in stock this week. That scale of selling is hard to ignore.
Swedish investment firm Industrivärden bought $35M worth of AB Volvo shares on July 28. That is a significant inside bet on European industrials. Asian markets are also in focus. South Korean stocks soared 18% as investors returned to AI-linked names. Chipmakers globally rebounded to close out a tough month for the sector.
Datadog target lifted to $269.97. DexCom target jumped nearly $5 to $90.88. Builders FirstSource target was cut on housing pressure. Semiconductor names — led by Micron — are drawing the highest raw options volumes in the US market this week.
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.
