Here are last week's Rockets and Duds from the stock market.

Firefly Aerospace FLY 🚀🚀🚀

Firefly Aerospace had a week that was, appropriately enough, out of this world. Shares of the Cedar Park, Texas rocket-maker surged roughly 39% in the past week, riding the coattails of SpaceX's reported IPO filing - because nothing lights a fire under space stocks like the prospect of Elon Musk ringing the bell on Wall Street. The company had already given investors something to feel good about, completing a successful return-to-flight in mid-March after a nearly year-long stand-down, carrying a Lockheed Martin demonstrator to orbit in the process. The stock is now up more than 70% over the past month and sitting just around its key $34 resistance level - which is either a breakout moment or a very expensive place to wait. FLY's revival is running hot. You could say it's on fire. We won't apologize for that.

 

Nike NKE 🚫🚫🚫

Nike published its fiscal Q3 results last week, and the stock closed down 15.5% the next day despite earnings of $0.35 per share coming in well ahead of analyst estimates of $0.28. Wall Street didn't care about the beat - it cared about the outlook. The company's Nike Direct segment declined 7% and Nike Digital fell 9%, and EPS fell roughly 54% compared to the prior-year period with gross margins compressing sharply. Nike stock hit its lowest level since 2014, and the CEO was reportedly venting about the company's struggles to "regain footing." The stock is now down 27% since the beginning of the year. Just DO IT - or at least do something.

🔓 FLY was not on our Benchmark Beaters list last week, but many other tech names were - see the full list of our Benchmark Beaters report here  

Nexstar Media Group NXST 🚫🚫🚫

Nexstar shares dropped 15% over the past week, and the culprit was a legal ambush from an unlikely rival. A federal judge issued a temporary restraining order pausing Nexstar's $6.2 billion acquisition of Tegna, following a request from DirecTV, with the order holding until ongoing litigation is resolved. Eight state attorneys general had also sued to block the deal, adding a second front. Nexstar had already priced $5.1 billion in debt to fund the Tegna acquisition, including $3.39 billion in senior secured notes due 2033 and $1.73 billion in senior notes due 2034. It already closed the deal, issued the debt, and now a judge has hit pause. That's what you call NEXt-level timing.

 

Discovery Silver DSV.TO 🚀 🚀 🚀

Discovery Silver shares rose approximately 18% over the week as precious metals stayed in the spotlight amid geopolitical tensions and macro uncertainty. The gold price has been one of the stronger charts over the past year, and Discovery - which operates the Porcupine gold complex near Timmins, Ontario and holds the large-scale Cordero silver project in Mexico - continues to benefit from the metals rally. Back in early March, the company announced plans to acquire Glencore's Kidd Operations, expanding its Timmins footprint considerably. No great mystery here – when the world gets scary, Discovery tends to find new friends.

 

Rogers Communications RCI.B.TO 🚫🚫🚫

TD Securities downgraded all three major Canadian telecommunications companies - BCE, Rogers, and Telus - to Hold, citing a "price war risk" and describing it as "a race to the bottom." TD analyst Vince Valentini noted that aggressive wireless pricing in early 2026 - flanker brands ending Q1 with $25/80GB Canada-US-Mexico plans — has failed to drive subscriber growth, instead creating elevated churn and a "negative repricing cycle." Valentini noted that this marks the first time in over 30 years of sector coverage that TD has zero Buy ratings across all five Canadian telco and cable names. Rogers stock dropped roughly 8% on the day the note dropped. When your analyst finally throws in the towel, that’s one way to get the message. ROGERs that.

Missed last week's Rockets and Duds?

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Twitter: @5iChris

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