markets

Nia Warfield7/29/25

PayPal posts strong Q2 results, but the stock is falling anyway

Shares of PayPal fell 5% in premarket trading Tuesday, even after the payments company reported better-than-expected Q2 results and hiked its outlook for the year.

Adjusted earnings per share came in at $1.40, compared to $1.30 expected by analysts polled by FactSet and above the company’s previous guidance of $1.29 to $1.31. Revenue grew 5% to $8.29 billion, also topping estimates of $8.0 billion.

Total payment volumes beat expectations as well, growing 6% to $443.55 billion. Meanwhile, the company’s popular Venmo payment app posted its strongest growth rate since 2023, with revenue jumping 20% during the quarter.

Looking ahead, PayPal raised its full-year adjusted EPS guidance to a range of $5.15 to $5.30, up from its previously forecast range of $4.95 to $5.10.

If there’s a fly in the ointment, it’s that profitability on transactions alone was a touch light relative to expectations.

“The transaction margin miss (46.4% vs 46.7% consensus) may be misleading, as it was led by a stronger revenue beat, while margin dollar amount beat by about 2%,” Bloomberg Intelligence senior industry analyst Diksha Gera wrote. “Net new account growth, 10% value-added-services revenue beat and 20% Venmo revenue gains are positive surprises showing monetization efforts are gaining momentum.”

Yesterday, the payment processor said it would soon allow US businesses to accept payments in more than 100 cryptocurrencies, as part of a massive expansion into digital assets.

PayPal shares were down 9% year to date prior to the earnings report.

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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

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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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