markets

J. Edward Moreno5/29/25

Dell jumps on cheery guidance despite earnings miss

Dell rose 5.1% in after-hours trading as it posted earnings that missed Wall Street expectations but gave upbeat guidance for the current quarter.

The computer maker reported adjusted earnings per share of $1.55, less than the $1.70 analysts polled by FactSet were expecting. But it beat on revenue, reporting $23.4 billion compared to the $23.2 billion analysts were penciling in, driven by growth in its data infrastructure segment.

Dell made $12.1 billion in AI orders this quarter, leaving it with a $14.4 billion backlog, the company reported.

Dell also gave a rosy outlook for the current quarter. It now expects to report $2.25 earnings per share, with revenue between $28.5 billion and $29.5 billion in revenue. The Street was expecting $2.08 EPS and $25 billion in revenue for the quarter.

The company also boosted its earnings outlook for the full year by a dime, now calling for adjusted EPS of $9.40, above the $9.33 that Wall Street expects.

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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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