Bears, Billionaires, and Big Earnings: September 5

The LULU Convergence

lululemon athletica is today's single most crowded bearish trade. Short interest sits at 9.9% of free float. Twin analyst downgrades landed from Morgan Stanley and B of A Securities, with targets cut to $83 and $122 respectively. Options flow turned aggressively negative. The stock is already down 41.4% year-to-date. Bears are not just nibbling — they are pressing from every angle at once.

Short Sellers on the Move

Beyond LULU, shorts made bold moves across several names. Wix.com saw its SI % of FF jump 6.2 points in a week to 17.8%. Chewy sits at an extreme 52.3% short interest. Borrowing shares there remains easy, with availability at 544% of short interest. GameStop is back in focus too. Short score stands at 80.8 and days to cover hits 25.1 — squeeze risk is real.

Big Money Moving

Bill Gates filed $241 million in fresh purchases of Republic Services stock this week. The buys span August 28 through September 2. On the other side, Tutor Perini Executive Chairman Ronald Tutor sold $198 million of his own stock on August 31. An Nvidia director also filed an $98 million sale. Large insider sales dominated filings this week.

Earnings Ahead

Thursday is the week's key date. Oracle and Adobe both report after the close on September 10. Oracle carries a $444 billion market cap with just 2.9% short interest. Adobe is one of the most watched AI software stories this cycle. RH also reports Thursday, closely tied to housing sentiment.