Oracle, Adobe Set Tone as Markets Eye Tech Earnings

Earnings in Focus

Three major names report after the close today. Oracle leads the charge with Q1 FY2027 results. Cloud and AI expectations run high. Adobe follows with Q3 2026 figures. Investors want AI monetisation proof. Copart also reports tonight. This morning, Macy's hosted its earnings call, with consumer spending signals watched closely by the retail sector.

Analyst Moves Drive Stocks

Synopsys caught a double upgrade boost. Wells Fargo lifted its target to $475, up from $450, citing strong execution and raised FY26 guidance. Block got a StoneX upgrade to Buy with a $105 target — implying 32% upside from Tuesday's close of $79.40.

JP Morgan made opposing calls in equipment rentals. Herc Holdings was lifted to Overweight with a $175 target. United Rentals was cut to Neutral with a $1,170 target. Wells Fargo upgraded Yum! Brands to Overweight with a $175 target even as short interest climbed 26.5% over the past month to 3.77% of float.

Boston Scientific Cyber Alert

Boston Scientific is re-evaluating its 2027 financial framework after a cyber incident. Management said it will provide a preview in October. A significant restructuring plan is underway. The disclosure rattled the stock.

Short Interest Watch

Wix.com saw the sharpest short-interest spike this week. Bears pushed SI to 20.6% of free float, up 9 points in seven days. Wolfspeed sits at 77.2% with zero shares left to borrow. On the other side, GameStop shorts are covering fast — SI collapsed from 15.1% to 3.8% in a week. Bloom Energy, fresh from joining the S&P 500, saw call-option flow spike on index-inclusion momentum.

China Cross-Currents

Founder buying and institutional selling collided in Chinese equities. Li Ning's personal vehicle bought $77M in Li Ning Company shares. BlackRock and JPMorgan simultaneously shed positions in Chinese cloud and tech names — a clear divergence in conviction on the sector.