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Visa Earnings
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Visa lives up to reputation for quality defense

A solid beat on top and bottom lines.

Matt Phillips

Visa delivered strong earnings and sales results for its fiscal Q2 and maintained full-year earnings-per-share guidance, giving the shares a modest lift in the after-hours trading session.

The company announced that its Q3 EPS growth guidance was in the “high teens,” but left its previous full-year guidance for earnings per share in the “low teens.”

Visa has been a bastion of stability for the S&P 500 so far in 2025, rising 8% year to date, compared to the 5.5% decline for the blue-chip index as of Tuesday’s close.

That’s no surprise given Visa’s reputation as a high-quality defensive position, due to its ability to generate consistent growth more or less regardless of economic conditions.

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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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