Semiconductor bulls are firmly in charge. AMD and NVDA RSI readings sit above 80, yet options traders keep loading up on calls. Analysts lifted AMD's consensus target to $437. Datadog also got a boost, with targets moving to $196. Both names carry low short interest — bears are not fighting the tape.
The contrast with EPAM Systems is sharp. Analysts cut the IT firm's average target to $171. Short interest remains elevated at 14.9% of free float. That combination of falling targets and high shorts makes it one to watch.
Block dropped fresh guidance overnight. The payments firm sees full-year adjusted EPS of $3.85, beating the $3.71 estimate. Q2 guidance also topped expectations. Options activity on Block had been elevated heading into the print.
Friday's earnings slate is heavy. Commonwealth Bank of Australia and AngloGold Ashanti report today. Gold miners remain in focus as the metal hovers near record levels. German industrial giant Heidelberg Materials also posts results this morning.
Wolfspeed short interest jumped 6.5 points to 57% of free float. Availability is near zero at 0.75% — new short positions are nearly impossible to open. A squeeze risk is building.
On the buy side, Sportradar CEO Carsten Koerl filed $4.6M in open-market purchases of SRAD. CoStar Group CEO Andrew Florance added $2.4M. Both founders bought into weakness. Bill Ackman also disclosed a $15.7M purchase in his own fund PS.
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.
