Markets got a boost today from a US-China trade truce, with both sides agreeing to a 90-day tariff pause. The Dow and S&P 500 jumped sharply at the open. Risk appetite returned fast.
BABA — Alibaba — reported earnings this morning. The Chinese e-commerce giant's cloud AI unit drew close attention given the tariff backdrop. Home Depot also reported today, offering a key read on US consumer spending.
Semiconductor stocks stayed in focus. Analysts lifted consensus targets on Applied Materials and Broadcom this week. AI-driven capex demand keeps the sector bid.
Despite the rally, shorts are not backing down. Wolfspeed SI % FF hit 72.5%, up 20 points in a week. Kyverna Therapeutics saw SI jump 21% in a single session to 11.8% of float — utilization maxed at 100% — even as shares rallied 10.6% and Q1 EPS beat estimates.
QXO is another name bears are piling into. Short interest climbed 11.5% in one day to 16.4% of float, with utilisation near its 52-week peak at 91%.
On the other side, System1 shorts fled — SI collapsed 52% in one session after the company beat EPS estimates.
Energy markets stayed tense. Iran war-risk headlines kept oil options active. European energy stocks tracked crude closely. Analyst targets on Vistra and First Solar were trimmed this week, reflecting caution on power and solar names.
Manulife and Constellation Software report Wednesday. Watch Vishay Intertechnology for a chips read at the open.
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.
