markets

Matt Phillips7/18/25

Schwab hits record high after trading boom juiced Q2 earnings

Relentless retail trading activity throughout the tariff-infused volatile second quarter helped drive better-than-expected Q2 results for Charles Schwab.

The company’s stock price vaulted to a new record high in early trading.

The diversified financial giant — a huge brokerage, as well as a bank and money management firm — reported a better-than-expected yearly sales increase of nearly 25% to $5.85 billion and earnings per share of $1.14, beating Wall Street expectations of $1.10.

On its post-earnings conference call, company executives talked up plans to boost crypto trading on the platform.

“We are working on launching Bitcoin and Ethereum,” Schwab CEO Rick Wuster told analysts. “When those launch, I expect those to be a meaningful accelerant or meaningful growth driver.”

Other brokerage firms also caught a bid on Friday, with options house Interactive Brokers — which reported strong results Thursday — rising and Robinhood Markets, due to report July 30, hitting a record high. Shares of crypto platform Coinbase also rose.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)

Charles Schwab Profit Jumps on Tariff Trading Surge

Charles Schwab Profit Jumps on Tariff Trading Surge

The diversified financial giant — a huge brokerage, as well as a bank and money management firm — reported a better-than-expected yearly sales increase of nearly 25% to $5.85 billion and earnings per share of $1.14, beating Wall Street expectations of $1.10.

On its post-earnings conference call, company executives talked up plans to boost crypto trading on the platform.

“We are working on launching Bitcoin and Ethereum,” Schwab CEO Rick Wuster told analysts. “When those launch, I expect those to be a meaningful accelerant or meaningful growth driver.”

Other brokerage firms also caught a bid on Friday, with options house Interactive Brokers — which reported strong results Thursday — rising and Robinhood Markets, due to report July 30, hitting a record high. Shares of crypto platform Coinbase also rose.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)

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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.

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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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