Dell Technologies grabbed headlines this week with a $9.7 billion Pentagon contract, sending the stock higher and sparking heavy options activity. Near-term June contracts saw the sharpest interest. Dell's ORTEX score hit 80.3 — its highest this month.
It's a busy earnings day. Costco reports Q3 2026 after the close, the most-watched print of the week. Bears are largely absent — short interest sits at just 1.5% of free float. Autodesk and Dollar Tree also drop results today.
HP Inc. posted Q2 2026 results overnight. The transcript is already circulating. Private equity giants KKR and launched a new credit product targeting wealthy clients — a sign of continued appetite for alternative assets.
Wall Street is backing retail trading and crypto platforms. Robinhood and Coinbase both received upward target price revisions this week. Analysts are aligning with the bullish tone across crypto-adjacent names.
A chipmaker ETF focused on AI memory surged 87% within 50 days of launch, per FT. Micron remains in focus as a core holding in the space — short interest is just 3.3% of free float.
The ECB flagged that private-credit-fuelled AI investment poses a risk to financial stability if the technology underperforms. Fertiliser producers are cutting output as Iran tensions squeeze sulphur supplies. That adds pressure to an already-stressed chemicals sector — consistent with analyst downgrades hitting LyondellBasell and peers this week.
The UK imposed new sanctions on crypto exchange Huobi, linked to Russian sanctions evasion. Short sellers continue to build positions in troubled names. Wolfspeed remains the standout with short interest at 118.8% of free float.
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.
