Olive Garden parent company Darden rises on cheery earnings report

Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, rose 5% in premarket trading after it reported sales and profit that beat Wall Street estimates.

The company reported adjusted earnings per share of $2.98, topping the $2.95 analysts polled by FactSet expected. It also reported sales of $3.27 billion, compared to the $3.26 billion analysts were penciling in.

Darden has been able to grow its sales even amid fears of consumer pullback. It also revamped its portfolio in recent years, selling Red Lobster and acquiring Chuy’s Tex Mex restaurants.

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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.

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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

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.

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