Today is packed with earnings. COST reports Q3 2026 results after the close. The $445 billion retailer carries just 1.5% short interest — bears have barely touched it. DLTR and KSS also report this morning. Both face tougher scrutiny as consumer spending shows signs of strain.
MRVL is giving back gains after a strong print. Analysts are racing to reset price targets higher. The chip sector continues to draw attention as NVDA remains a central AI hardware story with low short interest at 1.2% of free float.
A chipmaker ETF focused on memory — DRAM — has surged 87% within 50 days of its April launch. That is the fastest $10 billion valuation on record for any ETF. It signals that AI excitement is driving real money into semiconductor plays.
The biggest insider story remains the Walton family's $252 million sale of WMT shares last week. At CVS, board-linked selling topped $296 million. Both trades signal caution at the very top of major US companies.
The ECB warned today that private credit fuelling the AI boom poses a risk to financial stability. The concern: investors face losses if AI does not deliver on its promise. That warning lands the same week a memory chip ETF broke all launch records.
AkzoNobel — the Dulux paint maker — surged 20% after a rival takeover bid. It is the sharpest European stock move of the day.
UK inflation data stayed elevated. Bond yields remain high. European markets traded with caution on both macro and geopolitical grounds.
Iran tensions continued to swirl. Asia-Pacific markets traded higher as investors assessed US-Iran diplomacy progress. Oil held below $100 a barrel.
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.
