Bears, Boards, and Earnings: Monday Briefing

NVIDIA Insider Alarm

The week's biggest headline came from the NVIDIA boardroom. Director Mark Stevens filed disclosures showing he sold over $411 million in NVDA shares across seven transactions between August 31 and September 2. Prices ranged from $220 to $226 per share. General Counsel Timothy Teter added a further $6.5M sale in the same window. It is unclear whether the trades were pre-planned under a 10b5-1 schedule. At that scale, the market will be watching closely.

Shorts Pile Into Consumer Names

Short sellers are growing more aggressive. Chewy now carries 52.3% of its float short — up 4.6 percentage points in a single week. Availability sits at 544% of SI, meaning there is ample room for more bears to enter. Wix.com saw an even sharper move, jumping from 11.5% to 17.8% SI in seven days. Wolfspeed remains the extreme case at 75.3% SI with zero shares available to borrow. Bears are locked in with no exit.

Earnings Week Ahead

Oracle and RH both report Q1 2027 results Thursday after the close. Oracle's print will test AI infrastructure demand. Macy's and Kroger round out a consumer-heavy week. GameStop reports Wednesday — investors want clarity on strategy after months of asset sales.

Analysts Back Software Names

Autodesk and Moody's both received upgrades this week. Palantir got a target lift to $194 despite its $401B valuation. SailPoint faces high expectations after a string of analyst upgrades ahead of its earnings print. ServiceNow saw its target trimmed to $142.