Axon, a top Trump trade, surges on another quarter of strong results and improved guidance

Law enforcement equipment maker Axon was holding on to strong gains in the premarket session after reporting much better-than-expected Q2 earnings and sales numbers after the close Monday.

The maker of Tasers and body cameras for police and law enforcement also raised its full-year 2025 sales guidance, implying growth of nearly 30% this year. (Analysts had been forecasting growth of about 28% for the year before the report hit.)

The Taser maker has now delivered a double beat and hiked its full-year guidance in each of its quarterly reports for 2025.

The stock is one of a contingent of companies seen as benefiting from Trump administration policies that have surged since the election. Axon is up nearly 175% since President Trump was elected.

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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.

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

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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

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