The biggest story of the day is Anthropic's S-1 filing. The Claude AI maker is heading to public markets, and analysts say it could open the floodgates for other AI listings. GOOGL and AMZN are the two biggest Anthropic backers. That gives both stocks indirect IPO exposure before a single share trades. Alphabet separately filed a mixed-shelf prospectus, adding supply-side uncertainty to an already volatile picture. AVGO also sits in the AI infrastructure orbit and is tracking the sentiment closely.
European markets were mixed. Defence stocks rallied after Ukraine ratified a $105 billion EU loan deal. That kept the sector bid. Elsewhere, Wise shares slumped sharply. Belgian authorities are investigating the London fintech for money laundering. Stellantis investors face a June 8 deadline in a securities class action — pressure remains on the automaker heading into that date.
Ulta Beauty reports Q1 results after the close today. Bears hold 5.2% of its free float short. Dollar General kicked off the session with its earnings call this morning. Margins remain the key watch. Tomorrow, Medtronic reports pre-market. PVH Corp. follows — it carries the highest short interest of the cohort at 9.2% of free float.
Wolfspeed short interest hit 130% of free float, with zero shares left to borrow. That is an extreme squeeze setup. On the insider front, the Walton family filed over $250M in Walmart sales last week. Twilio board member Andy Stafman filed a $184M sale. Citigroup cut Accenture and raised its GM target to $131.
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