GameStop stole the show Monday evening. The company posted Q1 adjusted EPS of $0.30, nearly double the $0.16 estimate. Revenue hit $835M, beating forecasts of $767M. On top of that, the board approved a $2 billion share buyback through 2029. GME has been heavily shorted — a strong earnings beat combined with a massive buyback is a classic short-squeeze setup.
Ulta Beauty climbed after its own strong Q1 report. The beauty retailer continues to hold up well despite consumer spending concerns. GitLab also rallied sharply on better-than-expected quarterly results.
Signet Jewelers rose after raising its full-year guidance and announcing share buybacks. Short interest sits at 14.5% of free float — options traders are watching closely ahead of expiries in July.
The AI theme stayed active. Trump signed an AI security order, putting NVDA, , and in the spotlight. continued streaming its Build 2026 conference, with the Cobalt 200 chip launch drawing developer attention.
Uber appeared in dealflow news. Prosus received an extension until October 11 to complete the Delivery Hero sale after Uber's bid — keeping M&A speculation alive.
Wise shares fell in London. Belgian authorities are investigating the fintech on money laundering concerns. SoftBank overtook Toyota to become Japan's largest company by market cap, driven by AI-related demand.
Medtronic reports Q4 results Tuesday before the open. PVH drops Q1 numbers Tuesday after the bell — bears are watching, with SI at 9.3% of free float. Ciena follows Wednesday with its Q2 report.
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.
