NVDA reports after the close today. It is the most-watched earnings print of the year. The $5.2 trillion chip giant carries an RSI near 45 — neither stretched nor distressed. Analysts still see 46% upside. CRM, HPQ, and SNPS also report tonight. Tomorrow, MRVL drops results with AI chip demand in focus. Later in the week, consumer names DLTR, BBY, DG, and ULTA take center stage.
Bears are moving into social media and payroll software. RDDT short interest jumped 3.6 percentage points in a week to 17.4% of free float. PAYC climbed from 8.3% to 11.5% over the same period. On the other side, WOLF shorts eased slightly — SI fell from 84.2% to 78.3%. The semiconductor name remains one of the most crowded shorts in the US market.
ULTA caught a Buy from Deutsche Bank with a $695 target. LULU faces the opposite — UBS cut its target to $120. Short interest in Lululemon sits at 9.7% of free float, nearly double Ulta's 5.4%. FIS was downgraded with its average target slipping to $50.35. ABT bucked the trend — TD Cowen raised its target sharply to $135 from $115.
Six insiders at AEHR sold over $12.1M in stock, including CEO Gayn Erickson who filed a $5M disposal. Five IRDM executives sold $18.8M simultaneously. FANG CEO Matthew Kaes Van't Hof filed over $3M in sales. Total disclosed selling across the four companies exceeded $35M this week.
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