Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Q3 earnings season opens this week with a full slate. PepsiCo reports Thursday before the bell, with investors watching whether record US payrolls are feeding through to staples pricing. September nonfarm payrolls hit 159,044 thousand, the largest September reading since 1997. Average hourly earnings reached $37.81, the highest for that month since 2006. That labour strength gives PEP a supportive backdrop, but also raises the bar on volumes. Tesco posts first-half 2027 numbers the same day, the biggest European name reporting this week at a $38.7bn market cap.
Levi Strauss and Constellation Brands go Wednesday. follows Friday, where fuel costs and forward bookings will dominate.
Options markets are defensive across chips. Micron, Nvidia and Advanced Micro Devices all sit atop the negative bets leaderboard over the past week. Short sellers agree. Wolfspeed carries 81.2% short interest as a percentage of free float with availability at zero. ALVO hit 100% utilisation today, matching its 52-week high, as availability dropped 33% in a week following its LOTTE Biologics manufacturing partnership announcement.
Rothschild initiated Lockheed Martin and Northrop Grumman at Buy, targets $650 and $680. Bernstein started Constellation Energy at Buy with a $296 target. ORTEX alt data shows reactor output at peer Vistra running 10 standard deviations above its own history, underlining surging grid demand across the nuclear fleet.
Bill Gates filed $927 million in Republic Services purchases. An Nvidia board member sold $411 million in shares with no 10b5-1 plan disclosed, a detail worth noting given the stock's run this year.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
