Wall Street Pit

Stay updated with the latest news and insights from Wall Street Pit. We cover a wide range of topics including the stock market, economic trends, political developments, advancements in technology, health updates, and global news.

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Bullish Upgrade Sends Apple Shares Skyward

1 week ago | wallstreetpit.com | Yoel Beinart

Apple’s (AAPL) stock rose 3.50% to $208.05, hitting $212.94 intraday, driven by a U.S. tariff exemption on smartphones that supports its China-heavy supply chain. KeyBanc upgraded Apple to ‘Sector Weight’ from ‘Underweight,’ citing the unlikelihood of their prior bearish outlook due to the favorable tariff relief. Apple’s (AAPL) stock climbed 3.50% to $208.05 in early trading on Monday, peaking at $212.94 during the session, as investor optimism surged following a pivotal policy development.
Apple, Super Micro and Nvidia Soar as Tariff Exemptions Spark Premarket Rally

1 week ago | wallstreetpit.com | Ron Haruni

Apple (AAPL) surged nearly 7% to $211.49, Dell (DELL) rose 7.84% to $88.35, Nvidia (NVDA) gained 3.42% to $114.72, Super Micro Computer (SMCI) jumped over 6% to $35.20, and Tesla increased 2.4% to $258.35 in premarket trading after U.S. tariff exemptions for electronics like smartphones and chips.
Palantir in Play: Seasoned Trader Lays Out New Price Target

1 week ago | wallstreetpit.com | Yoel Beinart

Palantir Technologies (PLTR), with a 290% stock increase over the past year, is set to report Q1 2025 earnings on May 5, expecting $0.08 per share and $862.57 million in revenue. Seasoned trader Stephen Guilfoyle, raising his price target to $116, praises Palantir’s strong balance sheet, projecting $860 million in sales and $356 million in cash flow, with over 36% revenue growth.
Wall Street 2.0: The Tokenization of Everything Has Begun

1 week ago | wallstreetpit.com | Ron Haruni

Larry Fink envisions tokenizing all assets on a blockchain, enabling instant trading and settlement in seconds, potentially unlocking billions for reinvestment. A major obstacle is the lack of a coordinated digital identity verification system, with cybersecurity challenges like fraud prevention, scalability, and interoperability critical to overcome. Tokenization could enhance liquidity and access but requires robust regulatory frameworks and privacy safeguards to ensure secure, global adoption.
Trump’s Move Just Changed Everything for Ripple

1 week ago | wallstreetpit.com | Ron Haruni

Ripple CEO Brad Garlinghouse announced an agreement with SEC staff to dismiss the lawsuit, pending commission approval, allowing Ripple to reclaim most of a $125 million escrow fund, with $50 million going to the SEC. Garlinghouse praised the Trump administration’s pro-crypto stance, highlighting Ripple’s $1.25 billion acquisition of Hidden Road and optimism for stablecoin and market structure legislation to foster domestic industry growth.
Trump Shields Tech: Phones, Computers, Chips Dodge New Tariffs

1 week ago | wallstreetpit.com | Yoel Beinart

President Trump’s tariff exemptions for smartphones, laptops, chips, and semiconductor equipment shield consumers and companies like Apple, Samsung, and Taiwan Semiconductor from the 125% China tariff and 10% global tariff, acknowledging the lack of U.S. manufacturing capacity. The temporary exclusions, which may precede lower future tariffs, support domestic chipmaking goals while maintaining trade leverage, though semiconductors remain a focus for potential 25% sectoral tariffs.
FTC vs. Meta: Big Tech’s Day in Court Begins

1 week ago | wallstreetpit.com | Yoel Beinart

Meta (META) faces a critical antitrust trial against the FTC starting Monday, with the agency alleging that its $1 billion Instagram (2012) and $19 billion WhatsApp (2014) acquisitions enabled monopolization of the personal social networking market, seeking their divestiture. Meta denies monopoly claims, arguing it competes vigorously with platforms like TikTok, YouTube, and iMessage, and that the FTC’s case overlooks a dynamic market, as stated in its pretrial brief.
CPI Report Just Hit! Here's Why You Should Care

2 weeks ago | wallstreetpit.com | Yoel Beinart

Inflation eased in March with the CPI dropping 0.1% monthly and rising 2.4% annually, down from February’s 0.2% and 2.8%, while core prices increased 0.1% monthly and 2.8% yearly, remaining above the Federal Reserve’s 2% target. Food prices rose 0.4% in March and 3% annually, with egg prices up 5.9% and energy prices down 2.4% due to a 6.3% gas price decline, though shelter costs increased 0.2% monthly and 4% yearly, the smallest annual rise since November 2021.
Dow Futures Plunge 640 Points as Stocks Brace for Pullback After Historic Rally

2 weeks ago | wallstreetpit.com | Ron Haruni

Stock futures dropped sharply on Thursday, with Dow futures falling 641 points (1.57%) to 40,195.00, S&P 500 futures declining 85.75 points (1.56%) to 5,405.25, and Nasdaq-100 futures losing 474.75 points (2.46%) to 18,814.00, led by Apple and Tesla’s premarket declines of over 3.84% and 3.49%.
Dow Futures Plunges 800+ Points as China Retaliates Against Trump Tariffs

2 weeks ago | wallstreetpit.com | Ron Haruni

China’s 84% tariff on U.S. goods and the U.S.’s 104% tariff on Chinese imports have escalated global trade tensions, causing Dow Jones Industrial Average futures to drop 843. points, or 2.23%, with S&P 500 and Nasdaq-100 futures falling 1.15% and 0.7%, respectively. Major U.S. companies like Nvidia, trading at $96, Apple at $169.58 with a 1.65% decline, and Tesla at $220.96 are reflecting market strain, compounded by Canada’s 25% retaliatory tariff on U.S.-made vehicles.