All eyes are on Kevin Warsh today. The Fed chair speaks at Jackson Hole this morning. S&P 500 and Nasdaq 100 futures are dipping ahead of the address. Markets want signals on the rate path. Any hawkish tone could pressure the rally that has run hard through August.
NVDA stepped back from revenue-sharing deals with AI cloud providers. The move follows antitrust concerns. Short sellers have been active around the stock. Meanwhile, options flow remains two-sided — bulls chasing the AI story, bears watching regulatory risk. This is the single most-watched stock on the market right now.
A busy reporting week continues. CrowdStrike just posted its best single day ever after earnings, with eleven analysts raising targets. Retail names are also in focus — Ulta Beauty and Best Buy both drew upward target revisions. got a $6 average target lift to $194. went the other way — Q2 EPS of $0.26 missed the $0.30 estimate.
e.l.f. Beauty short interest plunged 49% in one week. The stock rallied 38% in a month. Chewy also saw sharp covering — SI fell from 62% to 46% of free float. Bears are retreating from consumer names even as new shorts build in Klaviyo and energy name HighPeak Energy.
Swedish gaming firm Evolution AB featured in the insider flow data today. Intrum AB posts Q2 numbers today in Stockholm amid continued credit market scrutiny. European markets are watching the Warsh speech as closely as Wall Street.
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.
