Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The week ahead is defined by one morning: Monday, October 13. JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, Johnson & Johnson, and UnitedHealth Group all report on the same day. JPM has drifted to an RSI of 32, deeply oversold territory ahead of numbers. Options markets are pricing in downside risk across the group. Bank of America and follow Tuesday. The bank earnings deluge will set the tone for the entire Q3 season.
Delta Air Lines opened the earnings calendar today. Short interest sits at just 3.5% of free float, so the stock is not a heavily-shorted name going into its call.
SpaceX acquiring lower-frequency spectrum drew sharp commentary from market voices today. Jim Cramer called the move "HUGE." Chamath Palihapitiya echoed the view, calling it a "very big deal." The development has direct implications for Verizon, AT&T, and T-Mobile, all of which hold significant spectrum positions.
AppLovin continues to draw bearish attention. Jefferies slashed its price target by $175 to $375, while keeping a Buy rating. The stock is down 58% in 2026. Its RSI stands at 37. Short interest remains low at 4.3% of free float, so the pressure is coming from analysts rather than short sellers.
Japan's machine tool orders rose 63% year-on-year in August, reaching 193,463 JPY million per the Japan Machine Tool Builders' Association. Domestic orders rose 62% over the same period. Both legs moving together makes the reading hard to dismiss. It points to a broad industrial recovery across Asian manufacturing. Singapore registered its largest-ever August for battery-electric car sales, adding a consumer-spending dimension to the rebound picture.
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.
