markets

J. Edward Moreno7/23/25

Tilray rally dulls after wave of bullish options activity

Canadian cannabis and booze company Tilray is slipping Wednesday after shooting up more than 100% this month amid a spike in call option activity that has been putting upward pressure on the heavily shorted stock.

Nearly 136,000 calls changed hands on Tuesday, compared to about 49,000 the day before, making it the highest call volume day for the stock this year. The second-highest session for call volumes for Tilray so far this year was on July 9, when 131,159 contracts traded.

The stock fell about 4% on Wednesday after rallying more than 100% in the past month on little news about the company’s fundamentals. Its two best days of the year were this month and coincided with those aforementioned spikes in call volumes.

Tilray’s short interest as a percentage of float sits at more than 20%, as of the end of June. The rise in bullish options activity, which tends to put upward pressure on the stock, may be pushing some short sellers to close their positions, further raising the price.

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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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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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