Apple reports Q2 2026 results after today's bell. The $3.97 trillion company faces hard questions on tariff exposure and iPhone demand. Amgen also reports today, with biosimilar revenues in focus.
Alphabet is showing notable strength today. The stock is rallying on what traders are calling "incredible" momentum. That squares with the bullish options flow seen in semiconductors this week — risk appetite is selectively returning.
Quanta Services shares rallied sharply on record infrastructure demand. The energy infrastructure contractor is a direct beneficiary of grid investment. The stock move adds to the broader infrastructure theme running through markets.
Skillz cost to borrow jumped 351% in a single week to 2.997%. That spike signals intense short squeeze pressure building. shorts already covered aggressively this week, with SI collapsing 33 percentage points.
Meanwhile, fresh short targets are emerging. Wolfspeed SI hit 50.6% of free float. Figma SI reached 25.5% after its recent IPO. Availability for both names is extremely thin.
The AP flagged today that tax refunds and the AI boom have helped offset US economic pain from elevated energy costs and geopolitical pressure. That's a key macro backdrop as investors sift through this week's earnings flood.
Next week brings AMD, Disney, Pfizer, and McDonald's — keeping earnings season at full throttle into mid-May.
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.
