Analysts are firmly backing AI infrastructure today. Dell Technologies and Vertiv Holdings both received upgrades, with consensus targets of $483.83 and $378.31 respectively. Oracle drew two separate target price increases, pushing its average target to $256.20. Short interest on all three sits below 4% of free float. Bears are not fighting these names.
The FT reports US inflation hit 4.2% in May — a three-year high driven by a Middle East energy shock. That complicates the Fed's path. The market is now pricing in a longer hold on rates. Higher-for-longer is back as the dominant narrative.
Adobe reports Q2 2026 results after today's close. Options chains are active around the print. Lennar also reports today with 8.8% of free float short — the highest of today's reporters. Elevated mortgage rates will dominate the homebuilder's call. In London, releases full-year 2026 results this morning.
Cerebras Systems saw short interest leap 21 points to 27.7% of free float in one week. Birkenstock climbed 9 points to 30.9%, with cost to borrow at 19.3% APR. Hertz remains a favourite bear target at 45% of free float short.
Selling pressure from insiders is notable. NVIDIA director Mark Stevens filed $221M in sales. CoreWeave saw over $230M disposed of by a director. The Walton family trust filed $510M in Walmart disposals. Smart money is lightening up at elevated prices.
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.
