Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Bank of America and Morgan Stanley report Q3 results this morning. BofA releases before the open at 6:45 AM ET. Morgan Stanley follows at 7:30 AM. The two prints set the tone for the financial sector heading into a packed week. Charles Schwab follows tomorrow, with brokerage margins in focus. Netflix and Intuitive Surgical both report after the bell on Monday. Tesla closes the week on 21 October. German car registration data, which leads Tesla revenue by 43 days, is running 269% above the same quarter last year across all three months. That is a sharp reading, but options traders remain cautious with the stock down 16% year-to-date. reports a day earlier. The same German car dataset leads GM revenue by 15 days and is running 133% above last year.
CoreWeave bond yields hit 15% today, drawing a "yikes" from Elon Musk and a "private credit bubble" warning from investor Chamath Palihapitiya. The spike puts pressure on the AI infrastructure financing trade. Meta, Amazon, Alphabet, Microsoft and Oracle are all named in the context of AI data centre exposure.
Microsoft short interest fell 85.8% in one week to just 0.03% of float. Bears are unwinding ahead of its 28 October earnings call. In contrast, short interest in Chewy and Wolfspeed both sit near 88% of free float. Analysts cut targets across eight industrials simultaneously, with UnitedHealth losing a buy recommendation outright.
ACV Auctions faces $260M of forced selling across indices today after Copart confirmed its cash tender. An index announcement is expected today, effective 19 October. PLS Group surged onto MSCI World deletion watch overnight, with its deletion probability jumping to 83% ahead of the 19 October rank date.
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.
