Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Tesla and General Motors both report this week, on 21 and 20 October respectively. German car registration data, tracked by ORTEX Alt Data as a leading indicator for both companies, is running 269% above year-ago levels for Tesla and 133% above for GM across all three months of Q3. Neither reading is a forecast, but both point in the same direction heading into the prints. Netflix reports Monday. Intuitive Surgical and Lam Research also join what is a heavy week for results.
Chewy now has short interest at 91% of free float after a 25 percentage point jump in a week. Skydance climbed from 50% to 65%, while availability has collapsed to 19%. Wolfspeed sits at 84% short interest with zero shares available to borrow. On the analyst side, Fortinet and Palo Alto Networks both received upgrades. BlackRock was cut, and now carries just two Buy ratings against 16 Sells.
Tomorrow's MSCI World ranking cut-off puts Fabrinet at a near 50-50 deletion probability. The stock sits 9.3% below its exit line. A removal would force an estimated $826M of selling. Xero and Zalando also face deletion risk from MSCI World, with $393M and $357M of potential forced selling at stake.
CVC Capital's agreed takeover of Recordati puts $218M of FTSE MIB selling in play if the deal closes by mid-November. Malaysia logged record September car sales of 74,122 units. Battery-electric registrations jumped 69% year on year to 5,945 vehicles, a regional signal for EV demand at a time when the global adoption narrative has been mixed.
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.
