A heavy earnings week is underway. Cisco Systems reports Wednesday after the bell. The $364bn networking giant is the marquee US name this week. Traders are watching for guidance on AI infrastructure demand.
Insiders are buying aggressively. Five executives at GE HealthCare filed purchases in one week. Director H. Lawrence Culp Jr led with a $5M buy at roughly $61.88. At Patrick Industries, CEO Andy Nemeth and four colleagues spent a combined $2.4M. Pool Corporation board members also filed buys on May 8. Coordinated buying at three separate companies is a notable signal of internal confidence.
On the short side, Wolfspeed short interest hit 60.4% of free float. That is up from 50.6% just one week ago. Bears are pressing hard on the SiC chip maker as losses mount. Energy options activity spiked too. Devon Energy, , and all saw elevated hedging flow tied to Iran-related oil risk.
Analysts lifted targets on Qualcomm to $280 and Datadog to $230. HubSpot was the notable downgrade — Macquarie cut to Neutral with a $190 target.
Bayer and Vodafone both report Tuesday. Bayer faces ongoing litigation pressure. Vodafone continues a deep restructuring push. These are the two biggest European prints of the week. Both results will set the tone for European markets mid-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.
