Berkshire Hathaway is the top story today. Q1 profits doubled as Warren Buffett's firm held near-record cash. Shareholders gather in Omaha this weekend for the annual meeting. The results cap a strong earnings week that saw over 1,800 companies report.
Spirit Airlines shut down for good. The ultra-low-cost carrier ended 34 years of operations immediately. Trump passed on a government ownership stake, despite showing interest in other US companies. JetBlue moved fast, offering $99 rescue fares for stranded Spirit passengers.
Chip stocks remain split. Intel is up 111% year-to-date after Trump floated government ownership. Options activity is extreme — RSI hit 87.5, deep in overbought territory. Nvidia and AMD also carry heavy options positioning. Bears are running the largest negative-bet volumes against all three names.
Wolfspeed remains under intense pressure. Short interest hit 50.1% of free float. Availability is near zero at 2.1%. Avis Budget saw a dramatic short unwind — down 35.6 points — after Pentwater Capital filed a $1.75 billion exit. That is one of the biggest insider disposal events of the year.
Industrials and financials continued to attract target upgrades. Trane Technologies and Hubbell both saw modest consensus lifts following earnings beats. In Europe, luxury name Ermenegildo Zegna is seeing bulls build positions ahead of its Q1 print — a rare bright spot in a sector facing tariff headwinds.
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.
