Neutral/Negative Catalysts
- Near-term technical risk: Extremely overbought RSI increases probability of a pullback/consolidation.
- Options market tone: Put-heavy OI and volume imply investors are positioning cautiously rather than chasing upside.
- Profitability/EPS pressure in the latest reported quarter (YoY declines), which can cap multiple expansion if it persists.
- Guidance skepticism: At least one major shop (TD Cowen) flagged guidance as potentially optimistic.