Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Q3 earnings season starts in earnest this week. UNH, JNJ, and Wells Fargo all report Monday. Bank of America and State Street follow Tuesday. Mid-week brings Charles Schwab, BNY Mellon, and PNC Financial. The cluster of bank prints will set the tone on net interest margins and credit quality for the rest of the season.
Options flow already shows where traders are positioning. Financials are drawing bullish bets. Chip stocks are drawing the opposite. NVDA, AMD, and Micron sit at the top of the negative options flow table this week. Short interest data reinforces the bearish lean: Wolfspeed carries 84% SI as a percentage of free float, with zero shares available to borrow.
Illumina is the week's most notable insider story. Corvex Management, which holds a board seat, sold around 231,000 shares for $50M across early September filings. A board-level seller at that scale is a strong signal. The contrast with Uber is sharp: COO Andrew MacDonald filed $5.3M in open-market purchases, paying roughly $75 per share.
Anglo American's all-stock takeover of Teck Resources carries an 88% completion probability. ORTEX forecasts $1.9B of forced selling from TSX index trackers if the deal closes, with the expected announcement around 9 November. That is 11 to 12 days of normal volume across two indices.
On the real economy, German battery-electric car registrations hit 88,335 in September, up 95% on the same month last year. Total German new-car sales reached 255,698, the largest September on record since 2021. Finland added its own record: BEV registrations there hit 4,337, the highest reading since the series began in 2014.
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.
