Tech Earnings Week Looms as Insiders Signal Caution

US Market Highlights

Three major earnings reports dominate this week's calendar. ORCL kicks things off Tuesday after the bell, with cloud growth and AI infrastructure deals the key watchpoints. ADBE follows Wednesday — analysts have cut their consensus target to $327.54, reflecting AI competition fears, while short sellers are also building positions ahead of the print. Homebuilder LEN also reports Wednesday, carrying 8.4% SI % FF as housing affordability pressures mount.

The biggest insider story of the week is hard to ignore. An NVDA director sold $221M in shares across two days — 1 million shares total — filed on June 4 as the stock trades near all-time highs. Meanwhile, analysts continue lifting AVGO's consensus target, now at $520.40, on the back of strong AI chip momentum.

In short interest, bears are reversing out of WOLF — SI % FF dropped 18.7 points to 112% in one week. Fresh shorts are piling into DAVE, up 8.8 points to 29.2%. LUNR remains a flashpoint: 24.4% SI % FF, borrow availability just 15.8%, and near-term options heavy into June 12 and 18.

Europe & Asia in Focus

Xiaomi made three separate purchases in Kingsoft totalling nearly $60M across late May and early June — a strong strategic signal from one of Asia's biggest tech players.

CMG options are showing growing defensiveness after JPMorgan pivoted its stance. Planet Labs fell 37% into earnings but is attracting analyst buy-the-dip calls. Offshore drilling politics add volatility to SOC as a legal dispute over Trump's drilling revival hits the headlines.