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Argus Research upgrades SpaceX to a "Buy" rating, sets target price at $160

59 minutes ago

Independent equity research firm Argus Research has upgraded SpaceX’s stock from Hold to Buy, setting a $160 price target. The move is backed by SpaceX’s $7.8 billion in revenue (up 92% year-over-year) and its projected revenue run rate to hit nearly $100 billion by the end of 2026. SpaceX’s shares have been highly volatile since its June 2026 IPO, currently trading around $110. The upgrade reflects analysts’ confidence in the company’s long-term growth across its core segments: space launch services, the Starlink satellite network, and AI infrastructure integration. While rising AI spending and stock volatility pose risk factors, Argus remains bullish on SpaceX’s operational performance and outlook, aligning with the overall Buy rating trend for the stock among most Wall Street institutions.

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Following the release of non-farm payroll data, the U.S. dollar weakened, Bitcoin surged then pulled back, and gold rose.

Following the release of non-farm payroll data, Bitget’s market data shows the US Dollar Index (DXY) dipped nearly 30 points in the short term to 99.67. Spot gold rallied around $40 in the short term, hitting $4,351.43 per ounce. Per HTX’s market data, Bitcoin saw a short-term spike followed by a pullback, currently trading at $65,078.77.

15 minutes ago

After the release of non-farm payrolls (NFP) data, expectations for the size of the December interest rate hike have dropped significantly.

U.S. interest rate futures market pricing indicates that a 28 basis point rate hike is expected by December, down from the 32 basis point projection prior to the release of non-farm payrolls data. Additionally, July’s non-farm payrolls data came in weak, driving a sharp surge in U.S. Treasury prices.

15 minutes ago

After the release of non-farm payrolls data, US stock index futures rallied sharply.

After the release of U.S. non-farm payrolls data, U.S. stock index futures rallied sharply: Nasdaq futures rose 0.79% on the day, S&P 500 futures gained 0.39%, and Dow futures advanced 0.27%. Meanwhile, U.S. Treasury prices surged, with the yield on the 10-year U.S. Treasury note down 4.29 basis points to 4.627%. Non-U.S. currencies generally strengthened, and the U.S. dollar weakened 80 points against the Japanese yen in the short run, trading at 157.72.

15 minutes ago

Japan's Finance Minister has reached a consensus with the US Treasury Secretary that neither side will hesitate to intervene when necessary.

Japanese Finance Minister Satsuki Katayama said he will continue communicating with the market to maintain trust. Additionally, Katayama noted that he has reached a consensus with U.S. Treasury Secretary Scott Bessent that recent foreign exchange market volatility is driven by non-genuine demand. The two sides have maintained close communication, and neither will hesitate to intervene when necessary.

15 minutes ago

US July employment shrank more than expected, leaving the Federal Reserve with a policy dilemma.

The U.S. unexpectedly shed 23,000 jobs in July, far below the expected gain of 80,000. June’s job growth was also revised down to just 20,000. Despite the weak labor market, the unemployment rate unexpectedly dropped from 4.2% to 4.1%. This disappointing jobs report has reignited concerns about the labor market and could complicate the Federal Reserve’s interest rate decisions, as policymakers need to balance weak employment against persistent inflation.

15 minutes ago

US seasonally adjusted non-farm payrolls fell by 23,000 in July, far below expectations.

US seasonally adjusted non-farm payrolls fell by 23,000 in July, against an expectation of 80,000, while the prior figure was revised from 57,000 to 20,000.

15 minutes ago

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