This week is one of the busiest earnings periods of the year. S&P Global and Coca-Cola report before Tuesday's bell. Wednesday is the main event: Microsoft, Alphabet, and Amazon all report on the same day. Thursday brings Apple — its first results since tariffs shook supply chains. Investors will scrutinize iPhone demand and any guidance changes closely.
Jury selection wrapped up today in the landmark OpenAI trial. Elon Musk challenged whether looting a charity should set legal precedent. Microsoft is closely linked — it reports Wednesday. The trial adds a layer of uncertainty heading into results.
Semiconductors dominate market attention from multiple angles. NVIDIA was downgraded on Monday and faces the largest absolute put flows in the market. Options traders are hedging large longs ahead of potential volatility. Meanwhile Rambus is up 72% year-to-date and its RSI sits at 86 — deep overbought territory. Call buyers keep piling in.
Short sellers are also active in chips. Wolfspeed saw short interest jump to 47% of free float in just one week. Shares to borrow are almost gone — availability sits at 2.7%.
Leadership at AEHR filed over $13M in sales this month. CEO Gayn Erickson alone filed $10.8M in stock sales. URI CEO Matthew Flannery filed a $22.4M sale on April 24. Analyst targets are drifting lower too. Domino's Pizza saw its consensus target cut by nearly $30 to $432.48. IBM and Palantir also saw modest target reductions. The mood among analysts is cautious as earnings season heats up.
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.
