Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Q3 earnings season is the main event. JNJ and UNH report Monday. Banks take over mid-week: BAC, STT, SCHW and BNY all drop numbers by Thursday. In Europe, Nordea Bank reports Q3 on Thursday. Options markets are leaning bullish ahead of the prints. , and each show 100% positive options bets over the past seven days. also draws call-side interest, with analyst return potential at 23% and a fresh analyst consensus target of $101.69.
MMED is the most extreme short story in the market right now. SI hit 102.9% of free float, up 24 points in a week. Availability is just 1.1% and cost to borrow runs at 43% APR. Wolfspeed is close behind at 84.2% SI, with zero shares available to borrow and 11.3 days to cover. Medtronic is a large-cap name worth monitoring. SI jumped from 1.5% to 4.6% in seven days. That is an unusual pace for a $112 billion company.
Tech insiders are selling. DELL, CRWD and NVDA rank among the heaviest insider selling names over the past 30 days. Estee Lauder drew a fresh analyst downgrade, weighed down by weak Asian demand. PepsiCo received an upgrade.
Korean airport traffic hit a September record at 238,383 flights and 38.8 million passengers. Finland's battery-electric car registrations rose 68% year-on-year in September to 4,337 units, the largest September on record since 2014. Japan domestic machine tool orders rose 62% year-on-year in August, pointing to industrial activity holding up across Asia.
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.
