The biggest market story today is Tesla. Speculation over a Tesla-SpaceX merger is growing louder. ORTEX data shows short interest has fallen to just 2.7% of free float. Cost to borrow sits at 0.34% APR. Bears are not piling in. Options activity is heavily front-loaded, pointing to event-driven positioning rather than long-term hedging.
Today brings a heavy slate of results. Salesforce, Marvell Technology, and Synopsys all report after the bell. DICK'S Sporting Goods and HP Inc. also post numbers today. Bank of Montreal kicked off proceedings this morning. Tomorrow, and follow. Memory chip analysts are watching closely for AI demand signals.
The QTUM quantum computing ETF crossed $5 billion in assets. Individual names like IonQ and Rigetti Computing have cooled off in price. Short sellers have been active in both names. Options buzz remains elevated.
Canada and Germany signed a new liquefied natural gas agreement. Prime Minister Carney is pushing to reduce Canada's dependence on US trade. The deal puts Shell and TotalEnergies in focus as European buyers seek new supply routes.
Wolfspeed remains under extreme pressure. Short interest stands at 117.5% of free float with zero availability. CVS Health drew attention after a board member filed $262M in share sales. Chevron also saw a director file $71M in sales 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.
