Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
September's all-items CPI-U index hit 336.94, the highest reading since the series began in 1997. The headline number is alarming on its face. But the detail underneath is more nuanced. Core CPI fell to a 2.6% annual rate, the smallest September reading in five years. That softer core print gives the Fed room to act. Analysts moved quickly, lifting price targets across six oil and gas names in a single session. EOG Resources, Diamondback Energy, Chevron, ConocoPhillips, Devon Energy, and all received higher consensus targets.
Tesla reports Tuesday 21 October and General Motors goes a day before. ORTEX Alt Data shows German car registrations running 269% above the same quarter last year for Tesla and 133% for GM. That dataset leads Tesla revenue by 43 days and GM revenue by 15 days, both with strong model fits. Options flow reflects the backdrop. Call interest in both names has risen. Netflix also reports Monday, with analysts seeing 30% upside from current levels despite a near-25% year-to-date decline.
Chewy is the most active short target this week. Short interest jumped 21 percentage points in seven days to 89.4% of free float. Bears are also in the options market, making it one of the most negatively skewed names heading into its next update.
On the index front, Copart's agreed tender for ACV Auctions is expected to force $275M of selling today across three indices, with the Russell 2000 deletion alone representing 3.0 days of normal volume. In Europe, Australian names PLS Group and Xero are both within 2% of the MSCI World exit line, with the rank date five sessions away.
Renault reports 22 October. ORTEX Alt Data shows Austrian car registrations running 6% above the same quarter last year, a dataset that leads Renault revenue by 32 days with a moderate fit.
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.
