Markets
2022 Macy's Thanksgiving Day Parade
Oscar the Grouch (James Devaney/Getty Images)

Oscar Health is the newest retail stock market darling, with shares up 60% this week

Shares of the telehealth company are up nearly 60% this week on no news and lots of love from retail traders.

Luke Kawa

Oscar Health started the week as a $3.6 billion health insurance company, and it’s poised to add about $2 billion to its market cap by the weekend despite a dearth of any apparent fundamental catalysts for the stock.

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.

  • 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. Of note: Oscar hails its “continuous hackathon” approach of applying AI to health insurance.

  • The vice chairman of the board, Joshua Kushner, is the younger brother of Jared Kushner — and as we’ve seen in the run-up to and aftermath of the 2024 election, it hasn’t hurt to have decent relationships with the people in or surrounding this administration.

But what does Oscar really have going for it?

  • It’s a new retail trading darling. The stock is one of the most mentioned on the r/WallStreetBets subreddit, per SwaggyStocks.

  • On a related note, volumes have exploded. Nearly 50 million shares changed hands on Wednesday, the second-highest in the company’s history.

  • Similarly, options activity has gone gangbusters, with call volumes hitting a record 152,414 on Wednesday and another 95,000 on Friday as of 10:30 a.m. ET, nearly triple the 20-day average of 33,708.

Anywho, we’re about $3 away from welcoming another Oscar to the world thanks to the stock’s surge. This one probably won’t live in a trash can.

r/wsb screenshot of OSCR position

More Markets

See all Markets
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings
markets
Paige Oamek

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC