markets

Rani Molla5/21/25

Google soars after analysts charmed by developer conference

Wall Street analysts were generally impressed with Google’s two-hour developer conference yesterday, in which execs crammed its Gemini AI into basically everything.

Today the stock is up more than 5%. Here are some comments from a few of their notes:

JPMorgan: “We come away from Google I/O incrementally positive as we believe Google is leading in many areas of AI with Gemini at the top of foundational model leaderboards, AI Mode bringing Gemini into Search and incorporating agentic capabilities from Astra, Mariner, & Deep Research, and Gemini becoming widely available across numerous platforms (iOS & Android) & device types (smartphones, wearables, & auto). Importantly, Google’s product innovation is accelerating — the company is shipping faster than ever — and AI Mode in Search is rolling out to US users just 1 year after AI Overviews were introduced. We believe Google’s ‘total reimagining of search’ is taking shape as AI Mode integrates what have been somewhat disparate AI products.”

Morgan Stanley: “I/O showed how GOOGL intends to make search more AI-enabled, personalized, and agentic in ’25. Next gen (subscription, diffusion and devices) tools are improving too but for now we are most optimistic on the free pipeline of products to come.”

Bank of America: “We think the catch-up phase for Google’s LLM capabilities is coming to an end... We see this as Google’s ‘Reels moment,’ taking on a growing and well-funded competitor in OpenAI by integrating a directly competitive product [AI Mode].”

Evercore ISI: “We don’t believe there will be only one AI winner, but we think Google has successfully proven that it will remain a leader in the AI race.”

Baird: “It’s a tough and competitive landscape, but Google’s global scale, infrastructure, and suite of apps are meaningful competitive advantages.”

Rosenblatt Securities: “While impressive, the event was also a reminder that Google is stretching to parry huge strides by rivals that were nowhere just a couple of years ago.”

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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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.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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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