Earnings Week Fires Up: Bears, Bids, and Big Prints

The Big Picture

Markets head into one of the busiest earnings weeks of the year with bears firmly in position. Over 1,800 companies report this week. Short sellers ramped up positions ahead of the flood of results — a clear signal that risk is elevated on both sides.

Shorts at Extremes

HTZ is the most extreme setup. Short interest hit 84.6% of free float this week. Availability has hit zero, meaning no new shares are left to borrow. SOUN is similarly locked — SI at 43% of FF, cost to borrow at 15.1% APR, and zero availability heading into Wednesday's print. CHWY jumped from 72% to 82% of FF in a week. On the other side, bears are retreating from BKNG and Figma ahead of their results — a split in conviction worth watching.

Earnings in Focus

PLTR reports today after the close. AMD and CAT report Tuesday. Wednesday brings LLY, the $1 trillion pharma leader, with GLP-1 drug sales in the spotlight. SNDK heads into its print with a collapsed short base and a $1,000 gap to consensus street targets — a notable setup. LCID reports with borrow locked and options stretched.

Analysts and Insiders

Analysts cut JCI, BMY, and ZBRA on the same day. Three sectors hit simultaneously. Meanwhile, Charles Schwab's founder filed $20.8 million in sales at SCHW across three transactions. South Korea stocks soared 18% as AI sentiment reversed. Japan's yen jumped 3% on intervention speculation. Honeywell Aerospace HONA saw a flood of analyst attention ahead of its first full earnings season as an independent company.