Over 160 S&P 500 companies report this week. Today alone brings results from PayPal, Fiserv, and Archer-Daniels-Midland. ORTEX data shows short sellers have backed off PayPal ahead of the print. Bears are on the back foot going into today's numbers. Later this week, Walt Disney and Palantir report on Wednesday. Markets will watch Disney's streaming figures and Palantir's AI revenue closely.
Apple is in the headlines for a different reason. The company has asked the Supreme Court to block a contempt order in its long-running App Store fight with Epic Games. Epic's Tim Sweeney fired back, calling Apple's move "stall tactics." The legal outcome could reshape how Apple monetises its platform. That matters to investors watching its services margin.
Short sellers stepped up pressure on Wolfspeed this week. Short interest hit 50.2% of free float, up 3.2 percentage points in seven days. The chipmaker is under sustained pressure. Norwegian Cruise Line is also in the crosshairs. It heads into earnings with the stock deep in the red and short interest at 12.5% of free float. Analysts trimmed their target to $23.57.
CoStar Group founder Andrew Florance bought $2.4M of stock on May 1. That is a direct vote of confidence from the company's builder. On the other side, CoreWeave saw a major investor sell over $136M worth of shares. The contrast in insider signals reflects the broader split in market sentiment this week.
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.
