markets

J. Edward Moreno3/21/25

FedEx on track for worst day in six months, after cutting its outlook over economic concerns

FedEx reported quarterly earnings that missed analysts’ expectations and cut its full-year outlook, citing “ongoing challenges in the global industrial economy, inflationary pressures, and the uncertainties surrounding global trade policies.”

The stock fell 11% just after the open. If it stays that low, it would mark its worst day in the market since September, when it fell 15%.

FedEx reported earnings per share of $4.51, compared to the $4.56 analysts polled by FactSet were expecting. The company did beat expectations on revenue, reporting $22.2 billion compared to the $21.87 billion Wall Street was expecting.

Perhaps most worrisome for investors is that it also slashed its profit guidance for full-year 2025 from “approximately flat” to slightly lower year over year. This comes amid mounting economic uncertainty and concern over consumer sentiment.

FedEx Reports Third Quarter Diluted EPS of $3.76 and Adjusted Diluted EPS of $4.51

FedEx Reports Third Quarter Diluted EPS of $3.76 and Adjusted Diluted EPS of $4.51

FedEx reported earnings per share of $4.51, compared to the $4.56 analysts polled by FactSet were expecting. The company did beat expectations on revenue, reporting $22.2 billion compared to the $21.87 billion Wall Street was expecting.

Perhaps most worrisome for investors is that it also slashed its profit guidance for full-year 2025 from “approximately flat” to slightly lower year over year. This comes amid mounting economic uncertainty and concern over consumer sentiment.

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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.

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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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