Over 1,800 companies report this week. Big Tech led the early results. Analysts raised their consensus target on AMZN to $307.60 and GOOGL to $413.78 following solid Q1 prints. META dipped slightly to $832.80 average target. In chips, AMD climbed to a $307.50 consensus. European names are also active. French defence giant Thales reports mid-week amid strong defence spending tailwinds. National Australia Bank posts half-year results overnight.
A weaker US dollar is pushing up the cost of imported goods. Coca-Cola and are among the consumer names flagged for rising input costs. The dollar's slide is adding a quiet but real squeeze on margins across sectors exposed to global supply chains.
Avis Budget Group dominated both short interest and insider news. Pentwater Capital Management — a 10% owner — filed a $1.75 billion sale of Avis shares last week. Separately, short interest in the stock collapsed by 24.4 percentage points. That is a rare alignment of insider exit and short covering in one name. Figma and Scholastic saw the biggest fresh short interest builds, with SI hitting 24.9% and 21.9% of free float respectively.
IonQ heads into its Q1 print with bears dug in. The short score sits at 71 and days-to-cover at 6.5. Options expiries cluster around May 8 and May 15. Morgan Stanley upgraded TKO Group ahead of its Q1 report — a contrasting bullish signal in the events calendar. SharkNinja draws attention as tariff risks loom over its consumer product lines.
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.
