markets

Luke Kawa5/11/26

GameStop briefly spikes as tweets from @TheRoaringKitty, aka Keith Gill, appear then disappear on X

Shares of GameStop briefly mooned after-hours before erasing the entire advance after posts from @TheRoaringKitty appeared, then disappeared, from the social media platform X.

@TheRoaringKitty is the account associated with Keith Gill, the messiah of GameStop’s meme stock moment in 2021, who returned in 2024 to kick off another parabolic rally in the shares.

The tweets came and went before I could lay eyes on them, but Bloomberg tells me there was “one depicting a cat, and another with a picture of the online character Pepe the Frog wearing Roaring Kitty’s trademark red bandanna” around 5:40 p.m. ET. A screenshot posted of one tweet showed that it included a string of text (ending in “pump”) that appears to be the wallet address for a meme coin called “Red Kitten Crew.”

The market cap of the coin briefly jumped to about $12 million around the time of that tweet before cratering to about $2.6 million thereafter.

The emergent consensus on the r/Superstonk subreddit, which is dedicated to discussions of GameStop, is that the account was hacked. The more tinfoil-hatted members, meanwhile, are suggesting that not only is this a hack, but a hack intended to somehow thwart GameStop’s attempt to purchase eBay.

And on that note, GameStop also released a filing after the close of its letter to shareholders regarding their upcoming annual meeting, asking them to approve CEO Ryan Cohen’s proposed pay package as well as an increase in the authorized share count, which is one of the hurdles that would need to be cleared in order to complete the deal with eBay.

Anyway, all these hacked account scams on X are really interfering with my ability to get people to vote for me to be a major podcast host.

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J. Edward Moreno7/7/26

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.

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Paige Oamek6/30/26

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.”

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