Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The biggest event of the week is earnings. Delta Air Lines opens Q3 season this morning. UnitedHealth Group, Johnson & Johnson, and Wells Fargo all report Monday. Options traders are already split on direction. Norfolk Southern and Brookfield Asset Management show 0% positive options flow heading into their prints. Both stocks carry RSI readings below 40. Bears are in control of the positioning. On the other side, is seeing 100% call flow. The stock is down 44% year-to-date, making the contrarian bet notable.
Short interest pressure is building across stressed names. Wolfspeed sits at 81% SI % FF with zero shares left to borrow. Hertz is at 71% with cost to borrow at 14.6% APR. The biggest mover this week is MiniMed Group, where SI % FF jumped 22 points to 99%. Availability collapsed to 0.4%. Any short squeeze in MMED would be violent given the setup. Separately, analysts turned more constructive on energy. Marathon Petroleum and Phillips 66 both received target upgrades, while PepsiCo absorbed two cuts in one day.
Alphabet and Spanish bank CaixaBank extended their strategic partnership to 2033. The deal covers agentic AI, hybrid infrastructure, and staff training. It is a fresh commitment by a major European lender to deepen its dependence on US cloud infrastructure.
Japan's numerically controlled machine tool orders jumped 63% year-on-year in August, per the Japan Machine Tool Builders' Association. That points to strong capital spending appetite across Asian manufacturers. Singapore recorded its largest-ever August for battery-electric car registrations at 2,880 units, up from 2,055 a year earlier.
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.
