A packed earnings slate is driving price action across US markets. McDonald's, Gilead Sciences, Airbnb, and Datadog all report today. Investors are watching each print for clues on consumer health, cloud spending, and travel demand.
Walt Disney and Uber Technologies report later this week. Both carry high expectations and heavy options activity.
AST SpaceMobile surged in after-hours trading overnight. No official announcement has landed yet, but the move drew significant attention. The satellite-broadband company has been a high-volatility name all year.
HawkEye priced its IPO at $26 per share, raising $416 million ahead of its NYSE debut. It is the biggest listing of the week. Demand for new issues remains firm despite broader macro uncertainty.
Bears are digging in on several names. Wolfspeed short interest hit 52.7% of free float. GameStop climbed to 16.3%, up 2.5 points in a week. Insulet heads into earnings with analysts cutting targets and the stock down 26% year-to-date.
On the bullish side, analysts lifted targets on Fortinet and Corning. Both carry low short interest. The divergence between shorted names and analyst favourites is widening.
Galapagos beat on earnings but missed revenue in Q1. The Belgian biotech remains closely watched by European healthcare investors. Broader European markets are quiet, with no dominant macro theme breaking today.
Earnings season is the driver this week. Results from consumer, tech, and healthcare names will set the tone. Watch Airbnb and Datadog tonight for the clearest read on discretionary spend and cloud budgets.
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.
