markets

Matt Phillips2/11/25

Boring company has exciting day — in a bad way

Financial data company FIS is the worst stock in the S&P 500 Tuesday after falling short of Wall Street expectations on Q4 sales numbers and issuing a lackluster full-year forecast for earnings. Revenue in the company’s main business, selling software to the banking industry, fell short of expectations, posting a sluggish growth rate of just 1.5%.

Analysts at Oppenheimer called the quarter the “straw that broke the camel’s back,” writing that “overall 4Q results drive greater investor uncertainty around revenue visibility, the core investment characteristic for FIS investors, we believe.”

Seems that way. The stock’s tumble is its worst since October 2022, which followed another ugly earnings report.

Payments processor FIS forecasts quarterly profit below estimates, shares drop

Payments processor FIS forecasts quarterly profit below estimates, shares drop

Analysts at Oppenheimer called the quarter the “straw that broke the camel’s back,” writing that “overall 4Q results drive greater investor uncertainty around revenue visibility, the core investment characteristic for FIS investors, we believe.”

Seems that way. The stock’s tumble is its worst since October 2022, which followed another ugly earnings report.

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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.

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

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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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