Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Two of the biggest earnings prints of the season land this week. General Motors reports Tuesday and Tesla follows Wednesday. Both are walking into a tough macro backdrop. US core CPI hit 339.287 in September, its highest reading since the series began in 1997. The annual rate climbed to 3.7%, the largest September reading in two years. That directly raises the cost of auto financing. ORTEX Alt Data tracks German car registrations as a leading revenue indicator. For Tesla, that dataset is running 269% above the same quarter last year across all three months. For GM, the same measure runs 133% higher year-on-year. GM auto-loan delinquencies in SEC ABS filings ran 1.2 standard deviations above their own history as of 29 September, a number that analysts will probe hard on the call.
In Europe, Renault reports Thursday. Austrian car registrations point to a 6% year-on-year rise in the quarter being reported.
Netflix made headlines overnight for two reasons. The streamer announced 6% layoffs, then replaced content chief Bela Bajaria with ex-Disney executive Peter Rice. That is an unusually public executive move the day before a major earnings week, and options traders were already circling the name.
Analyst targets fell across financials and utilities. Charles Schwab, Southern Company, DTE Energy, and CMS Energy all had consensus targets trimmed. The driver is straightforward: a higher-for-longer rate environment following the September CPI reading compresses valuations for rate-sensitive sectors.
Copart's tender offer for ACV Auctions carries a 93% completion probability. An index announcement is expected today, effective 20 October. That would force $276M of selling across three indices, including $243M from the Russell 2000 alone. Separately, AST SpaceMobile's MSCI World deletion probability jumped to 95% overnight, implying $674M of forced selling.
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.
