Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The US reporting season kicks off in force this week. JNJ and UNH both report Monday morning. Tuesday brings BAC and State Street. Schwab and BNY follow Wednesday. Truist rounds out the bank week Thursday. European financials join in: Nordea posts Q3 results Wednesday and Swedish broker Avanza reports Thursday.
Pre-earnings options positioning is running hot in managed care. UnitedHealth is up 14.9% year to date and carries analyst upside of 26.7%. Humana is up 68.6% YTD and also due to report. Both names are drawing heavy put activity from traders bracing for medical-cost surprises. Analysts upgraded Humana this week, raising the consensus target to $452.87 from $433.74. The selloff in managed care looks overdone to some on the Street.
Medtronic saw a 3-point jump in short interest to 4.57% of free float. That is one of the sharpest large-cap moves of the week. On chips, bears are focused elsewhere: Wolfspeed sits at 84% short interest, while NVDA and AMD remain largely unbothered at under 3%.
Germany registered 88,335 battery-electric vehicles in September, up 95% year on year. Total German car sales hit 255,698, the largest September since 2021. Finnish BEV registrations hit a record 4,337. The data, from national vehicle registration authorities, points to a broad pickup in European EV demand rather than a one-country distortion.
Teck Resources faces a forecast $1.9 billion exit from TSX indices if Anglo American's agreed takeover closes by year-end, with an 88% completion probability. ACV Auctions is due an index announcement as early as tomorrow, with $259M of total selling forecast across three indices following Copart's cash tender.
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.
