Applied Materials reports after the bell today, putting semiconductor spending directly in the spotlight. The real marquee event arrives next Wednesday. NVIDIA posts fiscal Q1 2027 results on May 20. Analysts are watching data centre revenue closely. Any guidance miss could move the entire AI trade. Target and Intuit also report that day, adding consumer and software colour to an already packed session.
Short sellers are leaning in hard on several names. Wolfspeed saw its SI % of FF jump to 74.4% from 53.2% in a week. Availability is zero. Carvana drew fresh attention too — SI % FF rose five-fold to . faces heavy put pressure in options markets, with June 18 puts vastly outnumbering calls.
The 30-year gilt yield hit its highest level this century. Cabinet pressure on Prime Minister Starmer rattled UK bond markets. Sterling slid as political uncertainty mounted. European stocks closed lower, with UK assets caught in the crossfire of the leadership crisis.
Cisco led analyst upgrades. Its consensus target jumped to $95.13 from $89.54 days earlier. AI infrastructure demand is driving the move. On the other side, five utility names — including WEC Energy and DTE Energy — saw target cuts as higher capital costs bite. American Electric Power was the exception, earning a Buy upgrade.
Quanta Services CEO Earl Austin filed $60M+ in stock sales this week. Comfort Systems CEO Brian Lane sold $21.9M. Coca-Cola Chairman James Quincey filed a $15.8M sale. All three stocks sit near recent highs.
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.
