Adobe Fallout Drives Friday's Bearish Tone

US: Adobe Drags Software Lower

ADBE is the story of the week. At least five analyst firms cut price targets following the company's latest results. JP Morgan trimmed to $315. Jefferies dropped to $275. TD Cowen initiated with a Hold at $245. The stock is down 29% year-to-date, RSI sits at 40, and options markets are loaded with puts. Short sellers hold an elevated score of 38. Bears are firmly in control.

The semiconductor names amplify the negative tone. NVDA, MU, and AMD all rank at the top of the negative options-flow leaderboard over the past seven days. A NVDA board member filed $411M in stock sales this week — adding fuel to the cautious read on the chip sector.

Short Interest: Extreme Builds in EV and Retail

Short sellers are piling into beaten-down names. LCID saw its SI % of FF jump 14 points in a single session to 49.7%. Shares to borrow are nearly gone — availability is just 0.4%. CHWY now sits at 63.6% short interest. WOLF is the most extreme: 83% short with zero availability. That setup makes it a squeeze candidate to watch.

UK: Barratt Redrow in Focus

Across the Atlantic, BTRW posts full-year 2026 results this week. It is one of the biggest UK construction sector prints of the season. Markets will be watching for commentary on housing demand and mortgage pressure.

Events Ahead

Lennar reports Q3 results Tuesday with short interest near 9.8% of free float. Trip.com also drops Q2 numbers this week. Bill Gates filed $241M in purchases of RSG — a rare large-cap bullish signal amid an otherwise bearish backdrop.