Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
This is one of the heaviest mornings of the Q3 earnings season. JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and Johnson & Johnson all report today. UnitedHealth Group holds its Q3 call too. Options traders are watching closely. Bears loaded up defensively ahead of these prints across banking and healthcare names.
Short sellers have been active alongside the options market. Chewy saw its short interest jump to 87.3% of free float, up 20 percentage points in a week. The stock is down 43% year-to-date. Medtronic drew fresh attention too, with SI % FF rising six-fold to 10.1% in seven days.
Wednesday brings ASML before the open, the first major European equipment read of the season. Morgan Stanley and Bank of America follow the same day.
Wells Fargo analyst Michael Turrin made two sharp calls today. He cut Adobe from Buy to Sell with a $225 target, while upgrading Tyler Technologies from Hold to Buy with a $400 target. Two companies, opposite calls, one session.
The MSCI November quarterly review rank date is 19 October, six days away. Zalando sits at 51% probability of MSCI World deletion, trading 7.2% below the exit line at 25.52 EUR. Flutter Entertainment faces a 29% deletion probability from MSCI World, needing to hold above $86.22. Moderna sits 75% above its MSCI North America entry line, making an $3.3bn forced-buy addition an 81% probability. The rank date on 19 October is the only price that matters now.
Copart's all-cash tender for ACV Auctions carries 93% completion probability. An index announcement is expected today, with $259M of forced selling across Russell and MSCI indices effective 19 October.
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.
