markets

Max Knoblauch7/24/25

American Airlines reinstated its annual guidance. It’s way worse than before.

With the first half of the year in the rearview mirror (something jets do not have), American Airlines sees potentially rougher skies ahead.

American, which had pulled its full-year forecast in April along with rivals Delta Air Lines and Southwest Airlines, decided it was safe to give annual guidance again with its second-quarter earnings report. The problem? The forecast is way, way worse than Wall Street expected and far worse than American’s forecast looked back in April before it got pulled.

American said it expects full-year earnings per share to land somewhere in the range of -$0.20 to $0.80. Wall Street analysts were calling for a full-year profit of $0.72, according to FactSet. And before the guidance was pulled back in April, American was expecting earnings of $1.70 to $2.70.

Shares fell 7% in premarket trading.

The airline’s actual second-quarter earnings surprised to the upside. It posted earnings of $0.91 per share in the second quarter, comfortably beating analyst expectations of $0.78. The result is down 10% from the same period last year.

Quarterly revenue reached $14.4 billion, better than expected and up slightly from the $14.3 billion the carrier raked in last year. In April, American anticipated sales to land between a 2% drop and a 1% gain.

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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%

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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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