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1 week ago | 
wallstreetpit.com | Ben Atlin
Microchip Technology (MCHP) shares rose 11% to $54.52, hitting an intraday high of $58.06, after forecasting fiscal first-quarter 2026 revenue of $1.02 billion to $1.07 billion and adjusted EPS of 18 to 26 cents, surpassing analyst expectations despite a 40% stock decline over the past year.
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1 week ago | 
wallstreetpit.com | Ben Atlin
Nvidia’s (NVDA) stock increased 1.3% to $118.67 in premarket trading, fueled by the Trump administration’s decision to rescind the AI diffusion rule, enhancing Nvidia’s global AI chip market prospects. Cathie Wood’s Ark Invest acquired 107,661 Nvidia shares, reflecting strong investor confidence in Nvidia’s pivotal role in AI innovation and growth.
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1 week ago | 
wallstreetpit.com | Ben Atlin
The Federal Reserve kept interest rates steady at 4.25% to 4.5% for the third consecutive meeting, resisting President Trump’s calls for cuts amid rising economic uncertainty from his tariff policies. Fed Chair Jerome Powell highlighted elevated risks of inflation and unemployment due to tariffs, noting the economy contracted in Q1 2025 for the first time in three years, driven by trade disruptions.
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1 week ago | 
wallstreetpit.com | Ben Atlin
Tesla’s (TSLA) China-made EV sales fell 6% year-on-year to 58,459 units in April, down 25.8% from March, amid a 0.70% stock rise to $277.39, facing fierce competition from BYD, which saw a 19.4% sales increase to 372,615 vehicles. Sales declines in Europe and the U.S., driven by backlash against CEO Elon Musk’s political stances, have pushed Tesla to target new markets like India and Saudi Arabia, where Chinese rivals are also expanding.
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1 week ago | 
wallstreetpit.com | Ben Atlin
Mattel (MAT) is countering President Trump’s 145% tariffs on China by diversifying its supply chain, aiming for less than 40% of products sourced from China by year-end and no country exceeding 25% of sourcing in two years, while maintaining 40% to 50% of toys under $20.
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1 week ago | 
wallstreetpit.com | Ben Atlin
Hims & Hers Health (HIMS) stock fell nearly 5% to $39.88 in after-hours trading despite Q1 earnings of $0.20 per share, beating the $0.12 consensus, and revenues of $586.01 million, up 110.7% year-over-year, surpassing the $538.6 million estimate. Subscriber growth reached 2.4 million, up 38%, but Q2 revenue guidance of $530 – $550 million missed the $564.60 million consensus, while FY25 revenue guidance of $2.3 – $2.4 billion and adjusted EBITDA of $295 – $335 million were reaffirmed.
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1 week ago | 
wallstreetpit.com | Ben Atlin
Barclays (BCS) and Goldman Sachs (GS) now expect the Federal Reserve to cut interest rates in July, delayed from June, following a strong April jobs report showing 177,000 nonfarm payrolls added, exceeding the 133,000 Dow Jones estimate. President Trump, citing the 4.2% unemployment rate and falling prices like gasoline at $1.98 per gallon, urged rate cuts in a Truth Social post, attributing economic strength to tariff revenue.
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2 weeks ago | 
wallstreetpit.com | Ben Atlin
Apple (AAPL) stock dropped nearly 3% in Thursday’s after-hours trading, despite Q2 earnings of $1.65 per share, beating estimates by $0.03. However, Services revenue came in at $26.65 billion, slightly below the $26.70 billion forecast, contributing to investor concerns. iPhone revenue rose to $46.8 billion, exceeding $45.8 billion estimates, while wearables dropped to $7.5 billion and Greater China sales hit $16.0 billion, down from $16.4 billion.
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2 weeks ago | 
wallstreetpit.com | Ben Atlin
McDonald’s (MCD) stock fell 1% to $316.46 after reporting a 3.6% U.S. same-store sales drop, the worst since Q2 2020’s 8.7% decline, amid cautious consumer spending. Q1 earnings of $2.67 per share beat estimates by $0.01, but revenues dropped 3.5% to $5.96 billion, missing the $6.1 billion consensus, with global comparable sales down 1%. Loyalty program sales reached $31 billion over the past year and $8 billion in Q1, despite economic pressures impacting low- and middle-income consumer traffic.
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2 weeks ago | 
wallstreetpit.com | Ben Atlin
Snap Inc.’s (SNAP) stock dropped 16% to $7.64 after withholding Q2 guidance due to macroeconomic uncertainties, including President Trump’s tariff plans and fears of reduced advertising demand, despite a 14% revenue increase to $1.36 billion and 9% ad revenue growth to $1.21 billion. The company narrowed its quarterly loss by 54% to $140 million from $305 million, despite a $70 million restructuring charge, but cited headwinds impacting visibility into the current quarter.
