markets

Max Knoblauch & Claire Yubin Oh3/10/26

Nio just reported its first-ever quarterly profit in its Q4 results

Chinese EV maker Nio jumped in premarket trading on Tuesday after it reported solid top- and bottom-line results, booking its first-ever quarter of positive (non-GAAP) operating profits, some 1,251 million yuan ($179 million), on a quarterly basis.

Nio reported adjusted net earnings of $0.04 per share in Q4, beating the $0.02 loss per share expected by Wall Street analysts (compiled by FactSet).

The company booked $4.95 billion in revenue, also topping the $4.86 billion consensus estimate, and deliveries came in at 124,807, up more than 70% year on year.

Looking ahead, the company says that it expects deliveries of vehicles “to be between 80,000 and 83,000 vehicles” in Q1 — an acceleration in growth, with those figures implying annual rises of 90% and 97% from the same quarter of 2025. However, Bloomberg estimates suggest this figure might marginally disappoint — with analysts currently penciling in 88,700 deliveries for Q1 2026.

Celebrating its first quarter of profits, CFO Stanley Yu Qu cited the company’s “strong delivery and revenue growth, an optimized product mix, and cost reduction and efficiency enhancement initiatives” in its press release.

CEO William Bin Li also added, “Looking ahead to 2026, we will continue to invest decisively in our twelve full-stack core technologies, launch new models, enhance the commercial and operational capabilities of our battery swapping and charging network, and continue upgrading our sales and service network.” Nio shares climbed in late February after it announced that it had reached 1 million battery swaps — its alternative to fast charging — in less than a week amid the Lunar New Year holiday. This month, Nio’s Chinese rival BYD unveiled a fast-charging battery seen as a direct challenge to the EV maker’s swap station network.

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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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