AMD, AMC, and Bears in Focus as New Week Begins

AMD in the Earnings Spotlight

AMD is the week's must-watch name. Options markets are pricing a 12% swing in either direction ahead of its Q2 results. The stock has rallied 122% year-to-date. That run creates a high bar for results to clear. Traders are buying volatility rather than picking a direction — a sign the market genuinely doesn't know which way this goes.

AMC Catches a Boost From Spider-Man

AMC Entertainment is riding a wave of cinema momentum. The new Spider-Man film is breaking opening-day box office records. The stock has gained 81% in 2026 and formed a golden cross over the weekend. That technical signal tends to attract momentum buyers. Short sellers are not deterred — short interest remains elevated — but options flow is net positive.

Bears Pile Into Rentals

Hertz short interest hit 84.6% of free float last week. There are zero shares available to borrow. Chewy is close behind at 82.4%, with short interest up 10 points in a week. Both names are seeing aggressive bear positioning ahead of upcoming earnings.

Analysts Cut JCI and BMY

Johnson Controls was cut to Hold. Bristol-Myers Squibb also received a downgrade, with its average target price falling to $64.91. Meanwhile, Amazon keeps collecting upgrades — 59 Buy ratings with a consensus target near $322.

Geopolitics and Market Rotation

Trump signalled a Hormuz deal and Iran denuclearisation talks starting this week. Oil markets are watching closely. Separately, the equal-weight S&P 500 ETF RSP is outpacing SPY — a sign that breadth is improving and the rally is spreading beyond mega-cap names.