markets

Max Knoblauch4/23/26

American Airlines cuts its full-year earnings forecast, reports better-than-expected Q1 revenue

The last of the big four US airlines to drop its Q1 earnings, American Airlines, did just that on Thursday morning before markets opened. The carrier’s shares ticked down in premarket trading.

For Q1 2026, American reported:

An adjusted loss of $0.40 per share, compared to the loss of $0.47 per share expected from Wall Street analysts polled by FactSet.
$13.91 billion in revenue, compared to estimates of $13.79 billion.

Looking ahead to Q2, the company expects adjusted earnings per share of between -$0.20 and $0.20, compared to the $0.08 loss expected by Wall Street. For the full year ahead, American forecast adjusted earnings of between a $0.40 loss per share and $1.10 earnings per share, lower than its earlier forecast of $1.70 to $2.70 per share. Analysts expected a loss of $0.65.

American said it paid $2.93 billion for fuel and related taxes in the quarter, up 13.2% from the same period last year. Like the rest of its major rivals, American Airlines hiked its bag fees earlier this month in an attempt to offset fuel costs, which have spiked amid the war in Iran. In March, American boosted its sales outlook on stronger-than-expected demand.

Lately, the airline has spent time and effort rejecting rumors that it could potentially merge with rival United Airlines. Recent reports that United CEO Scott Kirby had floated the idea to President Trump sent American’s shares climbing, but they’ve since pared most of those gains. On Tuesday, the president said he doesn’t like the idea of the merger.

According to a Wednesday evening report from Bloomberg, American is exploring “potential revenue-sharing agreements and other strategic partnerships” with Alaska Air. A merger was discussed but those talks ultimately fizzled out, per the report.

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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