Markets head into a heavyweight week of corporate results. MDT Medtronic reports Q4 on Wednesday pre-market. Analysts have been trimming targets going in. ULTA Beauty and DG Dollar General both report Tuesday. RBRK Rubrik and OKLO follow on June 3. Options traders are aggressively bullish on Rubrik ahead of the print. SAIC heads into its own earnings eve with calls dominating — its put/call ratio hit a year-low.
Bears are not waiting for results. OKLO short interest jumped 21% in a single week ahead of its June 3 earnings. GoDaddy also attracted fresh shorts before its Q2 results. shorts doubled — yet borrow rates stayed cheap, suggesting the market isn't panicked. Biggest mover of the week remains Wolfspeed, where SI % FF hit 131%.
Three mega-filings defined the week. TWLO Twilio board member Andy Stafman filed a $184 million sale. The Walton family offloaded over $250 million in WMT Walmart stock. Ralph Lauren sold nearly $100 million in RL shares at $378. Against that tide, three CELH Celsius executives filed purchases on the same day — a rare show of buying conviction.
European stocks slid broadly, but defense names rallied after Ukraine ratified a $105 billion EU loan deal. Dulux maker AKZ soared after rejecting a $14.5 billion takeover bid. Oil stayed in focus as Chevron's CEO warned prices could jump over summer. Commodity analysts lifted targets on gold names including NEM Newmont amid sustained gold strength.
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.
