September 1 brings two high-profile earnings events. Medtronic reported this morning before the open. Dell Technologies posts after the bell today, with its earnings call at 4:30pm ET. Dell is squarely in the spotlight — CNBC's Josh Brown named it his best stock pick live on air this afternoon. Analysts will press management hard on AI server demand and data-centre momentum.
The biggest macro story today is oil. A US official confirmed that Chevron will soon announce an expansion of operations in Venezuela. Diplomatic talks resume mid-month. The news hit crude and energy markets mid-afternoon. Bears piled into energy stocks last week — HighPeak Energy saw short interest jump to 43.1% of free float, up 8.4 percentage points in seven days. A Venezuela deal could squeeze those positions.
Options flow shows NVDA at the top of both bullish and bearish bet rankings. That split signals active two-way positioning, not a clear directional trade. MU draws fresh analyst attention today — one firm set a target of $1,513 with short interest at just 2.7% of free float. C3.ai also drew previews ahead of its Q1 results, with analysts flagging upside to sales execution under Tom Siebel.
Piper Sandler upgraded Akamai Technologies to Overweight today, though the target was cut 11% to $125. The call cites GPU delivery delays as a near-term drag. In European markets, the Euronext CEO filed a discretionary sale of $2.36 million in shares. A Zurich Airport board member countered with a $1.14 million open-market buy filed today.
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