Ben Atlin

Bellevue

Author at Wall Street Pit

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Saylor Doubles Down: $1.05B Bitcoin Buy Signals Unshaken Conviction

1 week ago | wallstreetpit.com | Ben Atlin

Strategy (MSTR) shares rose 0.40% to $384.36, hitting an intraday high of $388.15, after disclosing a $1.05 billion purchase of 10,100 Bitcoins (BTC) between June 9 and June 15, as reported in an SEC filing. The company, holding over 592,000 Bitcoins acquired for nearly $42 billion since August 10, 2020, has seen its stock soar approximately 3,000%, significantly outperforming the S&P 500’s (SPX) nearly 80% gain.
Oracle Hits All-Time High as ‘Dramatically Higher’ Sales Fuel Rally

2 weeks ago | wallstreetpit.com | Ben Atlin

Oracle Corporation (ORCL) reported a robust fiscal Q4 with $15.9 billion in revenue, up 11% year-over-year, driving its stock to a record high of $201.99, a 14% surge. The company forecasted “dramatically higher” fiscal 2026 revenue, with cloud-based growth expected at 40% and cloud infrastructure growth exceeding 70%. Oracle declared a $0.50 per share quarterly dividend, payable on July 24, 2025, reinforcing its commitment to shareholders.
American Superconductor Shares Plunge After Underwritten Public Offering

2 weeks ago | wallstreetpit.com | Ben Atlin

American Superconductor Corp. (AMSC) shares fell 15.80% to $29.00 after pricing a public offering of 4.13 million shares at $28.00, signaling investor concerns over dilution. The $1.66 billion market cap company expects to raise $115.60 million in gross proceeds, to be used for working capital, general corporate purposes, and potential acquisitions.
CoreWeave and Palantir Draw Meme Stock Comparisons as Shares Skyrocket

2 weeks ago | wallstreetpit.com | Ben Atlin

CoreWeave Inc. (CRWV) and Palantir Technologies Inc. (PLTR) have surged nearly 400% and 460% respectively, driven by retail investor enthusiasm for AI, but their high valuations at 10 and 71 times projected sales raise concerns about sustainability, per a Bloomberg report. Despite strong revenue growth projections – CoreWeave doubling and Palantir up 36% – recent volatility, including CoreWeave’s 17% single-day drop, highlights the speculative risks in these AI-driven stocks.
Trump Warns Musk of ‘Serious Consequences’ Over Potential Democratic Support

3 weeks ago | wallstreetpit.com | Ben Atlin

President Donald Trump warned Elon Musk, CEO of Tesla Inc. (TSLA), of “serious consequences” for supporting Democratic candidates opposing a Republican-backed spending bill, signaling an end to their relationship after a public feud. Musk’s criticism of the Trump-supported bill as a “disgusting abomination” that could inflate federal deficits has fueled personal and political tensions, with Trump accusing Musk of disrespecting the presidency.
Lululemon Stock Takes a 20% Dive After Profit Misses Expectations

3 weeks ago | wallstreetpit.com | Ben Atlin

Lululemon Athletica (LULU) shares dropped nearly 20% after a second-quarter outlook of $2.535-$2.56 billion in revenue and $2.85-$2.90 EPS fell below analyst expectations of $2.57 billion and $3.28, with the full-year EPS forecast also cut to $14.58-$14.78 from $14.95-$15.15. Despite meeting first-quarter expectations with $2.37 billion in sales and $2.60 EPS, comparable sales growth of 1% missed the anticipated 4.56%, reflecting cautious U.S. consumer spending noted by CEO Calvin McDonald.
Wedbush: GameStop’s Stock Surge Defies Fundamentals

3 weeks ago | wallstreetpit.com | Ben Atlin

GameStop Corp. (GME) acquired 4,710 Bitcoin (BTC) for $500 million, but Wedbush’s Michael Pachter maintains an “Underperform” rating with a $13.50 price target, citing a valuation 2.4 times its cash value. Compared to Michael Saylor’s Strategy (MSTR), which holds 580,250 BTC and trades at 1.75 times its Bitcoin holdings, GameStop’s stock price of $29.65 implies an overvalued core business at $8 per share.
Nvidia Reclaims the Throne: Surpasses Microsoft as World's Most Valuable Firm

3 weeks ago | wallstreetpit.com | Ben Atlin

Nvidia (NVDA) shares rose nearly 1% to $142 in premarket trading on Wednesday, after a 2.80% gain to $141.22 on Tuesday, overtaking Microsoft Corporation (MSFT) to become the world’s most valuable company with a $3.45 trillion market cap. Microsoft, with a market value of $3.44 trillion at $462.97 per share, trailed Nvidia, as the two, alongside Apple Inc. (AAPL), remain the only companies to surpass a $3 trillion valuation.
Hims & Hers Rallies After Key European Acquisition

3 weeks ago | wallstreetpit.com | Ben Atlin

Hims & Hers Health Inc. (HIMS) shares rose nearly 5% to $59.36 in early trading after announcing the acquisition of ZAVA, expanding its digital health services into the UK, Germany, France, and Ireland. ZAVA’s platform, serving 1.3 million customers with 2.3 million consultations in 2024, will help Hims & Hers deliver personalized care in dermatology, weight loss, sexual health, and mental health. Hims & Hers Health Inc.
Constellation Surges on Meta’s Nuclear Power Pact

3 weeks ago | wallstreetpit.com | Ben Atlin

Meta Platforms (META) and Constellation Energy (CEG) have partnered to sustain operations at the Clinton Clean Energy Center in Illinois for 20 more years, boosting CEG shares by $38.57 or 12.31% to $352 in premarket trading. The agreement supports a 30 MW capacity expansion at the 1,121 MW nuclear plant, which powers 800,000 U.S. homes, and sets a model for Big Tech to secure low-carbon energy for AI-driven data centers.