A Trump deal giving the US access to Venezuela's oil reserves hit wires today. CVX is directly in focus. The news adds a new dimension to energy markets heading into September. France's borrowing costs topped Italy's this summer — a rare reversal that has European bond investors on edge.
The biggest event risk this week is AVGO. Broadcom reports Wednesday after the close. AI chip demand and guidance are the key items to watch. DELL and PANW both report Tuesday. NTAP and HPE follow Wednesday. The results will paint a broad picture of enterprise AI spending.
Options markets are bullish on chips heading in. NVDA and MU topped the leaderboard for positive options bets this week. Micron is up 227% year-to-date. That momentum is drawing fresh call buyers.
KVYO short interest jumped nearly 7 percentage points in a week to 19.9% of free float. Bears are pressing the bet ahead of earnings. Options flow confirmed the bearish lean. SPCX saw short interest rise to 23.9%. WOLF sits at 73.7% — and availability has hit 0%. No shares left to borrow.
ADSK drew upgrades from UBS and BNP Paribas today. The consensus target rose to $315. WDAY told a different story. Wells Fargo raised its target while Freedom Broker cut to Hold. Short interest at 9.2% reflects the market's uncertainty.
ILMN insiders filed nearly $380M in sales this month. Board member Keith Meister led the selling. FIX CEO Brian Lane filed a $25.8M sale on August 27.
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.
