Markets are in the thick of one of the busiest earnings weeks of the year. Over 1,900 companies report globally between May 6 and May 12. The tone is broadly positive so far.
BorgWarner kicked things off with a beat. Q1 adjusted EPS came in at $1.24 against a $1.17 estimate. Revenue of $3.53B also topped forecasts. The auto parts maker is navigating tariff headwinds better than feared.
Disney is in focus today after CEO D'Amaro's comments. He flagged reducing Disney+ churn as the company's "single most significant opportunity." Domestic theme park attendance is expected to improve in Q3. The stock is one of the week's most-watched earnings names.
AMD grabbed multiple analyst upgrades today. Mizuho raised its target to $415. Rosenblatt went higher still, lifting to $490 with a Buy rating. Both moves come after AMD's strong recent run on AI demand. Alphabet also drew a bullish call. Mizuho raised its target to $460, maintaining Outperform.
Options traders are already positioned for more upside in chips. Micron and SanDisk lead the positive options bets leaderboard this week. Memory names are riding the AI upcycle hard.
Short sellers are piling into micro-caps. Biodexa Pharmaceuticals saw SI jump to 681% of free float in one week. Meanwhile, insiders are buying. Bill Ackman put ~$19M of personal money into Pershing Square. Dual CEO buying at S&P Global adds to a broader cluster of C-suite confidence signals.
The earnings flood continues mid-week with Akamai and others due to report.
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.
