markets

Nia Warfield7/25/25

Estée Lauder glows after bullish upgrade from JPMorgan

Estée Lauder shares jumped as much as 3.5% Friday before paring gains, after JPMorgan gave the beauty giant a bullish lift.

The bank raised its rating to “overweight” from “neutral” and boosted its price target to $101 from $62, or about 16% higher than current trading levels.

Analysts indicated a potential turnaround in like-for-like sales during the upcoming holiday season, citing restructuring progress and sharper execution across digital channels. The company is in the midst of a cost-cutting plan that includes job cuts and streamlining its org chart.

JPMorgan also highlighted Estée Lauder’s growing presence on TikTok and Amazon, as well as its use of AI-powered marketing to drive growth in online sales.

The stock has been trending higher following a similar upgrade from Deutsche Bank last month, which raised its price target to $95 and called the brand “well-positioned” for a bounce back. It also comes after the passing of Leonard A. Lauder, the company’s longtime chairman emeritus.

Estée Lauder shares are up more than 18% year to date.

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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.

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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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