Markets head into September with a heavy agenda. Earnings, short selling, and a divided analyst community are all vying for attention.
AVGO reports after Wednesday's close. The $1.75 trillion chipmaker carries just 1.2% short interest. Bears have largely stepped aside. Guidance on AI networking will be the number that moves markets. PANW and DELL also report Tuesday. Both face modest short interest of 2.6% and 4.7% respectively.
Short sellers are moving quickly into software. KVYO (Klaviyo) saw its short interest jump nearly 7 percentage points in a week. It now sits at 19.9% of free float. SPCX (SpaceX) is under pressure too. SI climbed from 18% to nearly 24% in seven days. Options flow adds to the picture. and are attracting both large bullish and bearish bets simultaneously — a rare split signal in the chip space.
WDAY drew a downgrade from Freedom Broker today. Wells Fargo raised its target on the same morning. The net result is confusion. 22 analysts hold a Sell. Just three rate it a Buy. ADSK fared better. UBS and BNP Paribas both raised targets to $325 and $300 respectively, each keeping Buy ratings.
BAYN (Bayer) presented Phase III data at the ESC Congress today. The study covers its investigational PET radiotracer. Clinical data at major cardiology conferences can move pharma names. Results are being closely watched by investors tracking its pipeline recovery.
Bill Gates filed over $204M in RSG (Republic Services) purchases last week. That scale of buying from a single investor is hard to ignore in the waste management sector.
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.
