markets

Max Knoblauch6/24/25

FedEx tumbles on disappointing guidance after posting strong earnings amid peak tariff fears

FedEx slumped after the company issued a gloomy outlook for the current quarter and a shrug emoji for the year as a whole. The delivery giant’s shares were down more than 5% after the bell.

The actual results for its fiscal 2025 Q4 (the three months ending May 31) were solid: FedEx beat analyst revenue estimates, posting $22.2 billion versus the $21.7 billion that Wall Street expected, on adjusted earnings per share of $6.07, well above the anticipated $5.81.

This bumper quarter — which came amid fears that tariffs could soon grind global commerce to a halt — was outweighed by weaker-than-expected guidance, with FedEx issuing an adjusted EPS forecast of between $3.40 and $4 per share for the current quarter, shy of the $4.05 analysts expected. The company also sees its capital expenditures reaching $4.5 billion on the fiscal year, below the nearly $5 billion expected by analysts polled by FactSet.

And then there’s this:

*FEDEX NOT GIVING FY PROFIT VIEW DUE TO UNCERTAIN GLOBAL DEMAND

Oof.

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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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