Tech Giants and a Bearish Bet Lead the Week

Three major companies report today after the close. ORCL and ADBE both release results at 4pm ET. CPRT also reports Q4 results this afternoon.

Oracle carries a $468bn market cap into today's print. Short interest sits at just 2.9% of free float — bears are not pressing the trade. Adobe's short interest is slightly higher at 4.7% of free float.

Copart's shorts stand at 5.1% of free float. The auto salvage auctioneer has been a steady compounder. Any miss could sting.

Tomorrow, KR holds its Q2 earnings call at 8am ET. The grocer's short interest is 4.3% of free float. Investors will watch for margin commentary as food-at-home inflation eases.

The biggest short story of the week belongs to RH, also reporting today. Short interest in the luxury furniture retailer is a hefty 34.6% of free float. A significant short squeeze risk exists if results surprise to the upside.

Next Tuesday, homebuilder LEN reports Q3 results. Short interest there is 10.5% of free float — elevated versus peers. Housing affordability data will be key context for the call.

No major IPOs are scheduled in the coming seven days.