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Hey Snackers,
The Buss family is looking to sell the Los Angeles Lakers at a valuation of $10 billion after owning the team for 45 years. Jerry Buss bought them for $67 million in 1979. That would be the highest-ever sale price for a sports franchise in the world. Great investment, right? Not so fast! Forget those 11 NBA championships — if Buss had put that in the S&P 500, it would be worth $13 billion today. What a chump.Â
On Friday, US stocks opened higher but lost ground throughout the day. The S&P 500 ended the day down 0.2%. It’s the first two back-to-back weekly losses for the S&P 500 since late March into early April — that is, right before and after the Liberation Day tariff announcements.
As for the immediate market reaction to the US strikes against Iran this weekend, oil surged and stock futures slumped, but both of those moves were reversing in early trading on Sunday evening as traders processed the news at around 6:30 ET.
🧠Your moment of trivia zen: take our Snacks Seven Quiz! Here’s the first question:
Which company is up over 40,000% this year?
Check your answer.
Like Snacks to start your day? You’ll love The Wrap after the closing bell.
Meet Oscar Health, the newest retail stock market darling
Oscar Health started last week as a $3.6 billion health insurance company, and it managed to add about $1.8 billion to its market cap by the weekend despite a dearth of any apparent fundamental catalysts for the stock. Impressive work!
So, what does Oscar have going for it?
Its top line has been growing quite fast: revenues were up 48% in 2023 and 57% in 2024, which has translated into propelled adjusted earnings per share turning up to a peak of $0.92 in Q1 2025.Â
It’s a health insurance company that also bills itself as a “tech” company, continuing a long-standing tradition where executives try to tie themselves to an industry that typically commands higher valuations.Â
The vice chairman of the board, Joshua Kushner, is the younger brother of Jared Kushner, and it hasn’t hurt to have decent relationships with the people in or surrounding this administration.
Those are all nice, of course, but let’s get down to brass tacks here. The advantage going for Oscar is that it’s a new retail trading darling. The stock is one of the most mentioned on the r/WallStreetBets subreddit, per SwaggyStocks.Â
The Takeaway
Volumes have exploded. Nearly 50 million shares changed hands on Wednesday — the second-highest level in the company’s history. Options activity has gone gangbusters, with call volumes hitting a record 152,414 on Wednesday and another record 223,468 on Friday. The 20-day average is just 33,708. All this is on, again, no news, just vibes. Hard to be a grouch about that!Â
Most car factories reportedly build one car per minute. Isn't it time we do that for houses?
BOXABL believes they have the potential to disrupt a massive and outdated trillion-dollar building construction market by bringing assembly line automation to the home industry.
And they're not just dreaming big; they're delivering:
Initial prototype order delivered to Boca Chica, Texas in 2020.
 Subsequent project order of 156 homes from the Department of Defense completed in 2021.
Built 700 homes.
Now, after implementing what was learned from those prior orders, BOXABL is actively delivering to developers and consumers.
BOXABL reserved Nasdaq ticker symbol $BXBL!1
BOXABL has already raised over $200M from 50,000+ investors since 2020 (across all offerings). It’s a game-changing company, and you have a chance to invest in BOXABL’s offering at just $0.80/share.2 All BOXABL’s crowdfunding will close tomorrow, June 24th.
Invest in BOXABL today before the offering closes.2
Stories we’re watching
What goes up, must go down: Shares of competitors Rocket Lab USA and AST SpaceMobile ripped on Friday after another of Elon Musk’s SpaceX rockets blew up late Thursday in Texas. It’s the latest in a series of fiery mishaps for the company. Musk’s loss may be their gain: Rocket Lab’s CEO told Sherwood News his company’s position in the market is based on the theory that the US won’t be comfortable with relying solely on a single firm — SpaceX — for launch capacity.Â
The age-old trade-off between risk and reward: Everybody likes a big fat gain on their stock portfolios, but among Wall Street pros, the game is slightly different, with the highest praise reserved for investors who can generate the strongest returns while taking the least risk. The big brains down at Goldman Sachs have come up with a measure they call “prospective Sharpe ratios” to, well, prospect for such stocks. Check out their list of the stocks with the best risk-reward ratios.Â
Topping the list? A company that owns auto scrapyards, disassembles vehicles, and sells them for parts.
Here’s the lowdown on Tesla’s looming robotaxi launch, including where invites landed
Some of the company’s biggest fans will be able to hail rides starting Sunday, albeit with a chaperone in the front passenger seat. Analyst Dan Ives thinks this could be the beginning of a $1 trillion market cap add. Read more.
BOXABL Reserved Nasdaq Ticker Symbol $BXBL
BOXABL aims to transform home construction, much like how Henry Ford automated car manufacturing – bringing assembly line efficiency and mass production to a manual, inefficient industry.Â
BOXABL just reserved their Nasdaq ticker, $BXBL.1 Now’s your final chance to invest in the current funding round — open until June 24th.2
What else we’re Snackin’
Eli Lilly is smarting after the United Kingdom declined to cover its new Alzheimer’s drug
In March, Whole Foods and Amazon had just 1.6% and 1.4% dollar market share, respectively, way behind Walmart’s 21.2%, but the duo has a plan to change that
Microsoft went public at $21 per share in 1986, and nine stock splits later it’s grown from shrink-wrapped boxes of floppy disks to an AI cloud computing giant that just hit an intraday all-time high
Triumph for the OG: the parent company of Olive Garden reported sales and profit that beat Wall Street estimates
BOXABL: A home unfolded in an hour! BOXABL has raised $200M+ from 50k+ investors since 2020 and recently reserved their Nasdaq ticker $BXBL.1 Now is your last chance to invest in BOXABL through crowdfunding before the offering closes tomorrow.2Â
Snack Fact of the Day
Europe recorded ~747 million international tourist arrivals in 2024 and last August alone recorded 494 million tourism nights, up 16% from the same month a decade prior.
This Week
Earnings expected from FactSet Research Systems
Earnings expected from FedEx and Carnival
Earnings expected from Micron Technology, Paychex, General Mills, and Winnebago Industries
Earnings expected from Nike, McCormick & Company, and Walgreens Boots Alliance
Earnings expected from Barnes & Noble Education
Advertiser’s DisclosuresÂ
1 BOXABL recently received their ticker reservation with Nasdaq ($BXBL), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
2 The minimum investment is $1,000. This is a paid advertisement for the Boxabl Inc. Regulation A offering. Please read the offering circular and related risks at www.boxabl.com/invest#circular.
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.