Good evening and welcome to Markets Desk.
SpaceX shares are hitting new lows, and the timing is telling. Despite a near-flawless Starship test flight, the stock continues to slide, with insiders eyeing next week's earnings report as a potential unlocking event that could trigger a fresh wave of selling pressure from those holding early positions.
Shifting to the midstream space, Enterprise Products Partners has its next earnings call penciled in for July thirtieth, and analysts are watching closely. The pipeline giant has wrapped up several expansion projects this year, and the expectation is that incremental cash flow from those additions could give the stock a meaningful lift when the numbers land.
And in the payments world, Visa remains a name that long-term investors keep returning to. The company's network effect — the self-reinforcing cycle where more merchants attract more cardholders and vice versa — creates a competitive moat that has proven remarkably resistant to disruption, making it a durable hold across market cycles.
That's the tape. Markets Desk, signing off the floor.
