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With SpaceX pricing its IPO at a $1.77T valuation that tops Tesla's market cap, analysts estimate $5B–$10B in retail money is rotating out of TSLA into the new offering. JPMorgan just flipped from underweight to neutral with a $475 price target.
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Adobe posted record Q2 revenue of $6.62B, topped EPS estimates, and lifted its full-year outlook — but the after-hours selloff had nothing to do with the numbers. CFO Dan Durn is heading to Marvell, and that spooked the market.
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SpaceX priced its IPO at $135 per share, implying a ~$1.77 trillion valuation, and begins trading on Nasdaq under ticker SPCX on June 12. The $75 billion raise is more than triple the previous U.S. record set by Alibaba.
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Casey's General Stores (CASY) crushed Q4 expectations on every line — EPS of $4.37 vs. the $3.31 consensus, revenue of ~$4.6B vs. ~$4.2B expected — sending shares up nearly 20% on a day the S&P 500 barely moved.
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Cracker Barrel (CBRL) posted an unexpected profit and beat on revenue, sending shares up as much as 30% intraday on Wednesday — a stark contrast to the tech selloff happening the same day. The company also raised its full-year EBITDA guidance by as much as 47%.
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Robinhood (HOOD) climbed ~3.1% on Wednesday even as the broader market sagged, powered by Goldman Sachs hiking its price target and news that the firm's brokerage arm has been approved to act as an IPO underwriter.
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Amazon (AMZN) has thrown its less-than-truckload freight network open to any business shipping anywhere in the U.S., sending shares of XPO, Old Dominion, FedEx Freight, and peers sharply lower on Wednesday. Some analysts say the selloff is overdone — for now.
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Oracle posted record Q4 FY2026 results — $19.2B in revenue, 93% OCI growth, and a $638B backlog — but full-year capex of $55.7B blew past guidance, sending shares down more than 7% after hours. Investors are questioning when the AI infrastructure bill comes due.
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While AI and semiconductor names tumbled on June 4, the healthcare sector ran the other way — XLV gained ~3%, led by UnitedHealth and Eli Lilly. Two catalysts drove the move: a BofA upgrade on UNH and CVS expanding coverage of Lilly's oral weight-loss drug.
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Lululemon posted Q1 revenue of $2.5B, up 4% YoY and slightly ahead of estimates, but net income slid sharply, Americas comps fell 6%, and the company slashed its full-year revenue and EPS outlook. Shares tumbled roughly 11% after the print.
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CrowdStrike posted a record Q1 with 26% revenue growth and record net new ARR, raised full-year guidance, and announced its first-ever stock split — then watched shares fall roughly 9% after hours.
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SpaceX's amended S-1 sets a target valuation of at least $1.8 trillion and a June 12 listing date. A single new sentence about "future transactions" has some analysts speculating the company could move to acquire Tesla.