The week kicks off with two of the market's most-watched reports. Broadcom heads into its Q2 print on the back of a 12% rally. Analysts have been raising targets, with the consensus now at $482.31. Options activity leans bullish at near-the-money strikes. Palo Alto Networks also reports this week. Analysts hold 44 buy ratings on the stock. Options, however, are more cautious — a split worth watching when results land. Credo Technology faces its own verdict tonight after a 42% year-to-date rally. Any miss could be costly at that valuation.
Short interest remains elevated across several names. Wolfspeed has 131% of its free float sold short. Borrow availability is zero. That is one of the most crowded trades in the US market. Elsewhere, the Walton family filed to show a $254 million sale of Walmart shares last week — even as WMT options turn bullish heading into earnings. Two signals pointing in opposite directions.
Tesla backed off a threat to cancel an Australian graphite supply deal. Syrah stock jumped over 23% on the news. It shows how supply chain decisions from major EV makers can instantly move smaller materials companies.
European stocks slid Monday but defence names rallied. Ukraine ratified a $105 billion EU loan deal. The Dulux maker — Akzo Nobel — surged after rejecting a $14.5 billion takeover bid. In energy, Chevron's CEO warned oil prices could jump this summer as Strait of Hormuz disruptions remove up to 13 million barrels a day from global markets. That is a significant supply shock if sustained.
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.
