A busy week closes with investors shifting focus to a packed earnings calendar. AutoZone kicks things off Tuesday, followed by a Wednesday cluster headlined by Salesforce, Marvell Technology, and HP Inc.. Thursday brings Costco and Dollar Tree. AI-driven revenue growth will be the main lens for tech names.
Short sellers are making noise. Wolfspeed sits at 98.2% short interest as a percentage of free float — up 4.9 points in a week. Borrowable shares have hit zero, making new short positions nearly impossible. holds at 53.1% SI % FF, a persistent battleground. Among large-caps, saw the sharpest weekly jump, rising 1.5 points to 10.8% SI % FF on AI disruption fears.
On the insider front, a CVS Health board member filed $310M in share sales this week across four separate transactions. Bill Gates disclosed two purchases in Republic Services worth $51.7M combined, signalling continued confidence in the waste management sector.
UK gilt yields posted their biggest weekly drop since 2023. Chancellor Burnham's pledge to hold firm on fiscal rules and a pullback in bets on further Bank of England rate cuts drove the move. That bond relief rippled into European equities.
Iran tensions remain an active risk. The Supreme Leader's order to keep uranium inside the country has added volatility. European markets swung sharply across multiple sessions this week as war risk headlines hit and faded.
SpaceX, OpenAI, and Anthropic IPOs are being flagged as potential Wall Street catalysts. The FT notes a "fast entry" process that could ignite trading activity across tech and related names.
Gold is heading for a weekly loss as elevated oil prices feed inflation concerns, complicating the rate-cut narrative on both sides of the Atlantic.
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.
