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Taser maker Axon rises after-hours

Taser and body cam maker Axon jumped in after-hours trading after it reported better-than-expected Q1 sales and profits, and lifted full-year earnings guidance.

The company’s software and services group — which sells software for digital evidence management, police recordkeeping, and officer dispatch — led the growth, with sales rising 39% to $263 million.

Axon was among the companies that soared after the presidential election last year, with traders betting they would benefit from the Trump administration.

The company’s software and services group — which sells software for digital evidence management, police recordkeeping, and officer dispatch — led the growth, with sales rising 39% to $263 million.

Axon was among the companies that soared after the presidential election last year, with traders betting they would benefit from the Trump administration.

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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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