markets

Nia Warfield & Millie Giles11/25/25

Retailers on the move as Q3 results roll in ahead of Black Friday

Mall retailers have been making moves this week as Q3 earnings pour in ahead of Black Friday, with several chains lifting their full-year guidance on stronger consumer demand into the holiday season. Black Friday traffic is projected to hit record levels this week as deal-hungry shoppers hunt for bargains.

Urban Outfitters rocketed over 18% in early trading on Wednesday after posting strong Q3 earnings, with revenue 3% ahead of expectations and adjusted EPS beating by 7%. Shares had already rallied 9% the day before the print. The company’s CEO said that customers were “lively” during the quarter, but did note that they were “waiting a bit longer this year to make their purchases until seasonal promotions began.”
Kohl’s soared after hiking its full-year outlook again, and now expects a sales decline of 3.5% to 4%, versus previous estimates of a 5% to 6% decline, as the retailer rolls out more coupons.
Abercrombie & Fitch jumped after raising its full-year revenue outlook, helped by stronger sales at Hollister that are expected to last through the holiday season.
Best Buy also topped Q3 expectations and raised its 2026 earnings-per-share and revenue outlook, as management expects holiday discounts to drive big tech upgrades.
Burlington Stores was a weak spot among the group despite also posting an EPS beat, as revenue narrowly missed expectations and management pointed to early-quarter softness due to “unseasonably warm temperatures.”
Macy’s also popped on the back of the strong results from peers.

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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.

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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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