This is the week markets have been waiting for. Microsoft, Alphabet, and Amazon all report Wednesday. Together they account for trillions in combined market cap. Apple follows Thursday, reporting its first results since tariffs hit supply chains hard. Today's slate includes S&P Global, Coca-Cola, and Hilton. Options traders are already positioning aggressively — call volumes in semis and growth names are elevated heading into the print cycle.
European stocks are trading in a tight range. CNBC and FT both flag Iran conflict headlines as the dominant macro driver. Goldman Sachs warned oil could hit $120 if the war drags on. Defence stocks gave back recent gains. The FT notes "buy the rumour, sell the war" as weapons makers face production bottlenecks and uncertainty over US munitions funding.
NVIDIA faces a rare analyst downgrade this week. Yet options data shows big put flows — likely hedging, not outright bearish bets. Rambus is up 72% year-to-date with RSI at 86. Call buying remains heavy. Short sellers are also active in semis. Wolfspeed short interest jumped to 47% of free float. Borrow availability is nearly zero at 2.7%.
AEHR executives sold over $13M in stock as shares rebounded. The CEO alone filed nearly $10.8M in sales. URI CEO Matthew Flannery filed a $22.4M sale on April 24. The OpenAI trial began today, with Microsoft drawn into the legal spotlight through its investment relationship.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
