markets

Hyunsoo Rim8/8/25

The Trade Desk plunges on tepid outlook and CFO transition

The Trade Desk shares were trading as much as 39% lower on Friday after the ad tech company posted a narrow Q2 revenue beat and offered guidance for Q3 that likely disappointed investors.

Revenue came in at $694 million, slightly above the expected $685 million and up 19% year over year — though slower than the 25% growth in Q1. Adjusted earnings per share were in line with the consensus estimate at $0.41.

The Trade Desk runs a platform that helps advertisers buy digital ad space on websites, apps, and streaming TV in real time. Following strong numbers from digital ad peers like Google and Meta, some may have expected TTD to post similarly upbeat results. However, the company issued Q3 revenue guidance of at least $717 million, roughly matching analyst estimates but seemingly not enough to satisfy investors after a more than 50% rally in the shares over the past three months.

The company also announced that its longtime CFO, Laura Schenkein, will step down later this month, with board member Alex Kayyal set to take over the role.

It’s been a volatile year for TTD: it plunged 33% in February after posting weaker-than-expected guidance, then soared 19% after strong Q1 results in May. It got another lift in July after being added to the S&P 500, just weeks after we’d featured it on lists of the largest stocks not yet in the index. Thursday’s sharp reversal leaves the shares down nearly 50% year to date.

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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.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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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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