Markets are digesting a wave of results today as earnings season hits full stride. Over 1,900 companies report globally this week. The picture is mixed — beats and misses are arriving in equal measure.
Axon Enterprise slipped despite posting Q1 results above expectations. That is a classic "sell the news" reaction. Kratos Defense moved the other way — beating Q1 estimates and raising full-year 2026 guidance. Defence spending tailwinds are showing up in the numbers.
PTC Inc. cut its full-year guidance. The software firm now sees FY2026 sales of $2.58B–$2.82B, down from its prior range of $2.675B–$2.94B. That miss weighed on sentiment in the industrial software space.
Houlihan Lokey raised its quarterly dividend 16.7% to $0.70 per share. The investment bank's Q1 earnings call was one of today's scheduled events.
Semiconductor bulls remain in control of the options market. MU and are attracting the heaviest positive bets. Analysts at JP Morgan and Cantor Fitzgerald both raised AMD targets sharply — to $385 and $500 respectively — citing data centre demand.
Meme names are heating up again. Short interest in GME rose to 16.3% of free float. AMC climbed to 16.6%. Wolfspeed sits at a bruising 52.7% — one of the most shorted mid-caps in the market.
On the buy side, Toro CEO Petros Panagiotidis filed nearly $14M in purchases last week. That cluster of buys in a tight window is a standout signal. Pentwater Capital sold over $1.1B of CAR shares — short covering in the name also accelerated, with SI dropping 7.5 percentage points.
The Fed decision due later this week adds a macro overhang to an already busy tape.
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.
