Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The dominant theme heading into the weekend is earnings. Tesla reports Tuesday 21 October. ORTEX German car registration data, a dataset that leads Tesla revenue by 43 days with a strong historical fit, is running 269% above the same quarter last year across three consecutive months. General Motors follows Monday. The same German data leads GM revenue by 15 days and is running 133% above year-ago levels, three months in a row. Options desks are already leaning defensively on semiconductors. NVIDIA, Micron and SanDisk all attracted negative options flow this week as the Nasdaq 100 slid. Micron and SanDisk sit at RSIs of 39 and 34.
US-China trade talks in Bangkok moved markets this afternoon. Washington pressed Beijing for expanded access for Mastercard and Citigroup in bilateral negotiations. Coinbase struck a deal with Marqeta but still fell 3% on the session. National Fuel Gas spun off 80% of its upstream and gathering business.
Short interest is flashing warning signs at Chewy. Its SI % of free float jumped 25 percentage points in a week to 91.3%. Fabrinet faces an overnight jump in MSCI World deletion risk: from 8% to 49%, with $826M of forced selling at stake if the cut-off on 19 October goes against it.
Nestlé and Schneider Electric both reported this morning. Analyst pressure continued across financials, with target prices trimmed at several asset management names. Zalando sits 3.4% below its MSCI World exit line with a 54% deletion probability ahead of Monday's ranking cut-off.
EU HICP inflation rose for a third straight month to 3.8% in September. The UK's monthly GDP index hit 103.1 in August, a record high since 1997. Both readings add to an uneven macro picture in Europe heading into a busy earnings week.
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.
