President Trump's trip to China generated the biggest macro headlines of the day. Reports flagged a new diplomatic framework emerging around Taiwan. NVDA and BA were directly cited in market coverage tied to the visit. Trade tensions easing would benefit chipmakers most. The timing matters — NVDA reports Q1 FY2027 earnings on Wednesday, May 20. AI demand data from that call will set the tone for the entire sector next week.
Applied Materials drew yet another target raise today. B. Riley lifted its price target to $550 — a third bullish call this week after JP Morgan's move to $515. Chip equipment is firmly in buy mode on Wall Street.
Globant surged today after reporting strong results driven by its AI Pods strategy. That adds to bullish options flow already seen in , where RSI sits at 74.2 and the stock is up 28% year-to-date.
On the bear side, Lowe's faces a tough setup into Wednesday earnings. Options flow scored 0% positive over seven days. RSI is just 38.9. Short sellers are watching consumer spending closely.
The insider theme is clear — smart money is selling. CoreWeave backer Magnetar Financial filed over $920 million in sales this month. LifeStance Health saw $280 million in combined sales filed this week. Twilio logged a $131 million board-linked sale on May 12.
Natera received FDA approval today for its Signatera CDx companion diagnostic in bladder cancer. That's a genuine product milestone and a rare positive catalyst in the biotech space this 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.
