markets

Luke Kawa12/3/25

American Eagle soars as Sydney Sweeney partnership fuels impressive Q3 results and boost to full-year guidance

Buy Sydney Sweeney, sell jeans.

That simple formula first helped make American Eagle a meme stock, and has now translated into actual financial results.

The jean seller’s Q3 sales of $1.36 billion came in ahead of estimates for $1.32 billion, with adjusted earnings per share of $0.53 crushing Wall Street’s anticipated view of $0.44.

The good times are expected to keep rolling: same-store sales are poised to be up in the low single digits for this fiscal year, management said, boosting its previous outlook for these to flatline.

Shares are up double digits in premarket trading.

CEO Jay Schottenstein credited this improvement to “a number of decisive steps we’ve taken from merchandising to marketing to operations.”

Zooming in, he added, “The jeans that we had made specifically for Sydney Sweeney, they sold out like within two days.”

American Eagle’s controversial ad campaign featuring the actress, launched 10 days before the end of American Eagle’s Q2, drew the attention of even the president, who called it the “‘HOTTEST’ ad out there.”

Aside from Sweeney, American Eagle’s other recent celeb-adjacent work includes a collaboration with Taylor Swift’s fiance (Travis Kelce).

Jennifer Foyle, president and executive creative director, said these two partnerships “garnered more than 44 billion impressions.”

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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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