US hiring bounced back in August. The jobs data beat expectations, calming fears of a slowdown. Mortgage rates climbed alongside the report. That combination keeps pressure on rate-sensitive names like RH, which reports earnings Thursday, September 10.
Short sellers are making aggressive moves. Wix.com saw SI % FF jump 6.2 percentage points in a week to 17.8%. Chewy sits at a massive 52.3% of free float. Bearish options bets on Chewy are also elevated. Lululemon is another target. Analysts cut targets on the apparel brand this week. SI is 9.9% of free float, the RSI reads just 31.8, and the stock is down 52% year-to-date. Options flow skews heavily bearish. Wolfspeed remains the most extreme case — 75.3% SI with zero shares available to borrow.
Two massive disposals hit filings today. An NVDA director sold $411 million in shares between August 31 and September 2. TPC Executive Chairman Ronald Tutor filed a $198 million sale. Together, that's over $600 million in insider selling in two names. On the other side, Bill Gates filed a $241 million purchase, betting on waste management via Republic Services.
Thursday's calendar is packed. Oracle reports Q1 FY2027 after the close. Adobe follows with Q3 FY2026 results. Both are key AI-integration bellwethers for software. Short interest on each is low — under 5% of free float — suggesting limited bear resistance heading in.
Autodesk and Moody's both received upgrades today. Both trade near multi-year highs. Consensus buy counts edged higher on each name.
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.
