Today's calendar is packed. COST reports after the bell at 5pm ET. The warehouse giant carries a $445bn market cap with short interest at just 1.5% of free float — bears have little conviction here. ADSK and NTAP also report today. Both are closely watched reads on enterprise software and IT spending demand. DLTR and KSS already released results this morning. Dollar Tree faces a tough consumer backdrop. Kohl's short interest sits at 23.2% of free float — one of the most shorted names in retail.
LI Li Auto delivered a mixed Q1. Sales of $3.33bn beat estimates. But adjusted EPS came in at -$0.30, well below the $0.07 consensus. Short availability has collapsed to 5.9% with utilization at 96.4% — shorts are nearly fully locked in ahead of further reaction. surged after partner announced its hepatitis B drug bepirovirsen achieved what it called a functional cure for a subset of patients. The AP described it as a potential treatment redefinition.
NVDA remains in focus after reports that CEO Jensen Huang may join the board of a prestigious Beijing university. The chip giant leads all stocks in options activity with 26 active expiries. MMM faces a new legal threat. Australia filed a $2bn suit against 3M over PFAS contamination at 28 defence sites. The case adds to existing US litigation against the company.
European stocks opened lower today as Iran peace deal prospects remain uncertain. The ECB warned that private-credit funding of AI expansion poses financial stability risks if AI fails to deliver. Eurozone issuers are also diversifying into USD and CHF debt as they chase new investors.
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