markets

Max Knoblauch7/29/25

Electronic Arts dips after better-than-expected earnings but a disappointing sales outlook

Video game juggernaut Electronic Arts reported results after the bell on Tuesday for its fiscal first quarter ending in June, and the publisher delivered a strong Q1.

The maker of franchises like Madden NFL, College Football, and Sports FC (formerly FIFA) posted earnings per share of $0.79, exceeding analyst expectations of $0.11.

EA’s net bookings were $1.29 billion, up from $1.26 billion last year. The company’s internal projections pinned bookings for the quarter at between $1.18 billion and $1.28 billion, while Wall Street expected $1.25 billion.

EA noted better-than-expected performance from its EA Sports catalog and its live service game, “Apex Legends.”

The publisher said it expects net bookings of between $1.8 billion and $1.9 billion in its current quarter ending in September. Analysts polled by FactSet expected sales of $2.01 billion. EA forecasts full-year net bookings of between $7.6 billion and $8 billion, also below analysts’ consensus. EA shares were down about 1.5% in after-hours trading.

Despite EA’s most intimidating competitor, Take-Two’s “Grand Theft Auto 6,” being delayed out of its 2026 fiscal year, the publisher’s shares have flailed this year. The stock is up just 1.3% year to date as of Tuesday’s close, lagging the S&P 500.

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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

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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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