Earnings dominated the session. Workday spiked after hours following its Q1 release. Subscription revenue growth held firm, with expansions accounting for roughly 60% of new revenue. The result calmed fears around enterprise software demand.
Take-Two Interactive provided its own fireworks. The company confirmed GTA 5 has sold nearly 230 million units to date. It plans six titles in FY27 alongside GTA 6. FY27 EPS guidance of $5.75–$6.00 came in well below the $7.99 analyst estimate, raising questions about near-term profitability.
Matador Resources announced a $1.1 billion acquisition of core acreage in New Mexico's Delaware Basin. The deal extends its footprint in one of the most productive US shale plays.
Salesforce faces a tough setup heading into Wednesday's earnings. UBS cut its price target to $185 with a neutral rating. Bearish options flow has been building, with heavy open interest at the $115 put strike. Short sellers have also been active in the semiconductor space, with sitting at nearly 95% SI % of Free Float.
Delivery Hero saw short interest jump nearly 7 percentage points this week. European e-commerce names are attracting fresh bearish attention. Spanish pharma firm Grifols also climbed to 34.5% short interest.
Intuit absorbed a sharp consensus downgrade. The average target fell to $530.77 from $592.33. Lowe's saw JP Morgan cut its target by $46 to $279, though the Buy rating held.
Wednesday brings AutoZone and Salesforce results — the week's most closely watched numbers.
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