markets

Matt Phillips4/4/25

Morgan Stanley analysts say TikTok a “strategic fit” with Amazon

It’s official, the TikTok divest-or-dark law is legal, and analysts at Morgan Stanley think they know the perfect buyer: Amazon.

Analyst Brian Nowak wrote:

“We believe the combination of AMZN’s strong ad tech stack, advertiser/third party seller base, first party data and logistics assets put together with TikTok’s estimated ~32bn hours of US consumer engagement could build a viable social shopping network.”

Nowak noted that he has no knowledge of any deal discussions, and that neither ByteDance nor Amazon have commented on the chance for a tie-up.

But with US regulators unlikely to approve Meta or Alphabet building any more dominance in the online-ad space, the list of potential acquirers is slim:

“The number of companies (or individuals) who could fund a potential $80bn + acquisition (and its risks) is limited. AMZN with its $33bn of net cash on books and ~$69bn/82bn of FCF in ’25/’26 could (in theory) handle a purchase like this.”

Update April 4, 2025: Corrected article to reflect that Brian Nowak is an analyst at Morgan Stanley, not JP Morgan, as the article originally stated.

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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

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