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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Market movers: Palantir, Caterpillar, Snap, Wayfair...

SpaceX Corp (NASDAQ:SPCX) reported higher revenue and a narrower-than-expected loss in its first earnings report since the satellite, launch and AI company’s initial public offering.

Revenue of $7.8 billion topped analyst estimates of $6.93 billion, up 92% year over year from $4.1 billion.

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Wix (NASDAQ:WIX) reported second quarter results that Jefferies viewed as largely in line with the company’s June guidance, while the analyst firm highlighted continued progress in the transition of its Base44 AI coding platform.

Wix reported Q2 revenue growth of 15% year over year, while bookings increased 12%, according to Jefferies. Both figures were ahead of the firm’s expectations by 2% and 1%, respectively. The company also reiterated its full-year 2026 guidance following a workforce reduction of about 20% announced in May.

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Cloudflare (NYSE:NET) is expected to accelerate revenue growth in the second quarter and raise its full-year outlook, according to Jefferies, with investors likely looking for a path toward a mid-30% growth rate by the end of 2026 when the company reports results on August 6.

The company's Q2 revenue guide of $664.5 million at the midpoint implies year-over-year growth of about 30%, a four-percentage-point sequential deceleration despite a one-percentage-point tougher comparison.

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Snap Inc (NYSE:SNAP) shares surged 14% following the social media company’s second quarter results, after revenue and adjusted earnings came in ahead of Wall Street expectations and the company provided an upbeat outlook for the third quarter.

Snap reported revenue of $1.60 billion for the second quarter, above the $1.54 billion analyst consensus, while its net loss of $0.10 per share was narrower than the expected $0.12 loss.

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SK Hynix Inc (NASDAQ:SKHY) has received an ‘Outperform’ rating from Wedbush on Tuesday as the firm initiated coverage with a KRW2.56 million price target, citing a tight memory supply environment, the company’s technology position and an attractive valuation.

The company’s Nasdaq-listed shares were up nearly 6% at about $151 on Tuesday, while its Korea shares traded at about KRW1.57 million.

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Grey Matters Health (CSE:GREY, OTCQB:AGNPD, FRA:AGW0) announced that it will be opening its first NovaScan Neuroimaging Clinic in September, marking the start of the company’s planned US expansion focused on brain-specific PET imaging.

The company described the facility as the first of its kind in the US dedicated to providing brain-specific PET scans for the detection of Alzheimer’s disease and other neurodegenerative diseases, including frontotemporal dementia, Parkinson’s disease and Lewy body dementia. The facility will also be used for select neuro-oncology applications.

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Wayfair Inc (NYSE:W) shares surged about 28% to around $114 on Tuesday after the online home furnishings retailer reported second-quarter results that topped Wall Street expectations, with revenue growth accelerating in the US.

Wayfair reported adjusted earnings per share of $0.95 for the second quarter, ahead of the analyst consensus estimate of $0.87. Net revenue reached $3.52 billion, compared with the $3.45 billion expected by analysts.

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Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) announced that it has identified gold-silver mineralization in previously inaccessible underground workings at its El Potrero property in Durango, Mexico, following rehabilitation and channel sampling.

The company reported that the newly accessible workings, known collectively as Dos de Mayo Norte, extend about 93 metres along the northwest strike of the Dos de Mayo vein and sit approximately 35 metres above the mine’s main level. The workings overlap the main level by about 25 metres, including an area where previous channel sampling identified higher-grade mineralization.

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Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) has landed a C$12 million investment from gold major Evolution Mining, which is taking a near-10% stake in the junior to help fund a major drilling push at its Philadelphia Gold-Silver Project in Arizona.

Under the deal, announced Tuesday, Evolution Mining Gold Operations Ltd, a subsidiary of Evolution Mining Limited, will acquire just over 15 million units of Arizona Gold & Silver in a non-brokered strategic private placement at C$0.80 per unit.

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Palantir Technologies Inc (NYSE:PLTR) shares jumped 20% to about $152 in early trade on Tuesday the company reported second quarter 2026 results that exceeded Wall Street expectations for both earnings and revenue.

The company reported adjusted earnings per share of $0.41, compared with the $0.35 consensus estimate, while revenue rose 93% year over year to $1.935 billion, above expectations of $1.8 billion.

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Caterpillar Inc (NYSE:CAT, XETRA:CAT) shares jumped 11% to $923 in pre-market trading on Tuesday after booming demand for power-generation equipment helped the industrial group deliver record quarterly revenue.

Sales increased 24% to $20.5 billion in the second quarter, beating the $19.3 billion forecast and marking Caterpillar's first quarter with revenue above $20 billion.

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Coca-Cola Europacific Partners PLC (LSE:CCEP, NASDAQ:CCEP) was hit by profit-taking after the drinks bottler reported higher first-half profit and reaffirmed its full-year guidance.

The shares fell 4.3% to 7,710p, having hit an all-time high in the run-up to the interim results.

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