Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Big banks dominate the calendar this week. UNH and JNJ both report Q3 results today. BAC drops numbers Tuesday at 6:45am ET. STT, SCHW, and BNY all follow later in the week. In Europe, Nordea Bank posts Q3 results Thursday. Swedish broker reports nine-month figures Friday. Options flow is already skewed bearish on , where positive bets have fallen to zero ahead of its Friday print.
Short interest in Wolfspeed sits at 84.2% of free float. Zero shares are available to borrow. Bears are paying 239% APR to hold positions in EverCommerce. On the analyst front, PepsiCo received an upgrade today. Estee Lauder was downgraded, with the consensus moving further toward sell as China demand stays weak.
German battery-electric car registrations hit 88,335 in September, up 95% on the same month last year, according to ORTEX Alt Data from the German vehicle register. Total new car registrations in Germany reached 255,698, the largest September on record since 2021. Finland's BEV registrations hit 4,337, the highest since the series began in 2014. Japan machine tool sales reached JPY 147,354 million in August, up 27% year on year and the largest August on record since 2009.
ORTEX Index Rebalance Radar flags Teck Resources facing forecast deletions from both the TSX 60 and S&P/TSX Composite. Combined forced selling could reach $1.9B if Anglo American's acquisition completes, equivalent to more than 12 days of average volume. First Capital REIT faces an $103M TSX Composite deletion at 80% probability, with the announcement expected as early as October 16.
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.
