Bears and Bulls Square Off Ahead of Big Tech Earnings

Short Sellers Bet Big on Consumer Names

Bears are positioning aggressively ahead of this week's earnings. Chewy carries the most extreme short interest in the group — 52.3% of free float. That figure rose from 47.7% just one week ago. Short sellers added to positions across five straight sessions. Wix.com also saw a sharp move, with SI jumping 6.2 percentage points to 17.8% in a single week. Lululemon is another bear target. SI stands at 10.2% of free float. The stock is down 51.6% year-to-date and its RSI has fallen to 31.8 — deeply oversold.

Oracle and Adobe Anchor the Earnings Calendar

Thursday is the week's focal point. Oracle reports Q1 FY2027 results on September 10. Analysts see 52% upside to current prices. Short interest is minimal. Adobe follows the same day with Q3 2026 numbers. Investors will watch AI-tool monetisation closely. Despite the earnings pressure, options sentiment is broadly bearish across consumer names this week.

Analysts Back Data and Finance Names

Upgrades landed on two S&P 500 heavyweights. Autodesk and Moody's both received raised ratings. Moody's now has 18 buy-side recommendations. Robinhood saw its average analyst target nudge to $125. Its market cap has grown to $96 billion.

Asian Insiders Signal Confidence

In Hong Kong, insiders at Xinyi Glass Holdings filed $7.3M in open-market purchases this week. The chairman, CEO, and vice chairman all bought shares on September 2 and 3. Three senior figures buying simultaneously is a rare signal. Canadian lender EQB also attracted insider accumulation, with majority shareholder Loblaw building a position worth over $5.7M.