AVGO dominated headlines Thursday. Shares dropped 12% after the chipmaker's revenue outlook fell short of expectations. The selloff wiped roughly $285 billion in market value — one of the largest single-session valuation drops on record. Options traders piled into puts across near-term strikes. The June 18 expiry saw the heaviest bearish activity. Short interest sits at just 1.1% of free float, so the options market is carrying most of the bearish weight right now.
TGT faces fresh pressure today. The FDA found Burkholderia bacteria in Up & Up baby wipes, forcing a product recall. Options positioning already showed defensive skew through June and July. SI stands at 3.3% of free float. The recall adds a reputational headache on top of an already cautious consumer backdrop.
Oracle and Adobe are the week's marquee reports. Oracle releases Q4 2026 numbers on June 10. Adobe follows June 11. Investors want clarity on AI monetisation from both names. Lennar also reports Wednesday, giving a fresh read on US housing affordability.
Short sellers are pressing DAVE hard. Its SI jumped 10.2 points in a week to 30.5% of free float. Meanwhile, insiders at CRWV filed over $957M in combined sales. That's one of the largest insider selling clusters ORTEX has tracked recently in US tech. Analyst upgrades on TSLA and CMG offered a brighter note. Tesla's consensus target now stands at $419.94.
Hedge funds are increasing bets against call centre stocks as AI disruption risk grows. Outsourcing companies face what analysts describe as a structural threat from automation — a trend that could accelerate if AI cost curves keep falling.
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.
