markets

Matt Phillips7/24/25

Intel dips on Q2 report, positive sales forecast

Intel rose in the after-hours session Thursday after it reported a sixth straight quarterly loss that was much deeper than Wall Street analysts had expected, but offered a better-than-expected sales forecast for Q3 and plans to cut headcount by roughly 15%.

The ailing American semiconductor icon reported an adjusted Q2 loss of $0.10 a share, which excludes the impact of some $1.9 billion in restructuring charges.

Sales of $12.86 billion were higher than the $11.97 billion in revenue expected by analysts, FactSet data shows.

Intel offered stronger-than-expected guidance for Q3 sales. The chipmaker said it expected sales of between $12.6 billion and $13.6 billion, above the $12.66 billion that Wall Street analysts had penciled in for Q3 sales, according to FactSet. At the same time, the semiconductor giant’s forecast said that adjusted Q3 earnings per share would be flat, while analysts were looking for $0.04.

In a separate statement, Intel’s new CEO, Lip-Bu Tan, offered a strategic update on the direction of the company, announcing that Intel would abandon manufacturing projects in Poland and Germany as it seeks to course-correct for a manufacturing base that had become “needlessly fragmented and underutilized.”

Tan emphasized that the company intended to take a more disciplined approach to production decisions. “There are no more blank checks,” he said. “Every investment must make economic sense.”

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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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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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