U.S. stocks finished nearly flat Thursday as a late recovery erased most of the damage from rising oil prices and bond yields.

Trump and Xi met on the red carpet, and one flinched when military jets soared overhead. The big show continues with their dinner tonight in Washington, flanked by any AI lab tech wiz worth his Capex. Around noon, stocks jumped up from a decline after a Reuters headline that Iran and the U.S. were actually discussing a deal to open the Strait of ‘when it’s closed everyhting on earth costs more’.

Communication services and health care finished green, but eight of 11 sectors fell. The Dow lagged, but Intel and AMD kept the chip board moving. Earnings from some laggards outside the regular season were boring, Meta showed off a Tamagotchi AI Muse toy, and Morgan Stanley tried to measure the damage from this week's accidental breach of 100 leaked deals.

Stocktwits attention narrowed to GameStop, Costco, First Solar, Unity, and Moderna. GameStop carried the loudest stream after Ryan Cohen bought another 1.15M shares. Costco traders waited through earnings, and Unity bulls argued over whether Meta’s new AI tools help or threaten the company.

Today's Briefing: Powered by Stocktwits Community API.

Costco Wholesale, the membership warehouse retailer, reported another quarter of strong traffic and spending Thursday. The results beat Wall Street’s targets, but shares barely moved after hours following a regular-session decline.

The RIP: $COST ( ▼ 0.91% ) finished -1.1% and slipped -0.1% after hours. Fiscal Q4 EPS was $6.75 versus $6.54 expected, including a $0.15 tariff-refund benefit. Revenue rose 11% to $95.72B, topping $94.97B expected, while comparable sales climbed 9.4%.

Adjusted comparable sales rose 6.7% excluding gas and currency, digitally enabled sales jumped nearly 20%, and membership fees reached $1.85B. Solid all around. Costco offered no forward guidance, though, and the one-time refund helped the profit beat. At 43 times earnings, investors already expect a packed parking lot.

WhiteFiber, Inc. (NASDAQ: WYFI) has launched WhiteFiber Continuum, the highest-performing distributed GPU supercluster architecture. Built in collaboration with DriveNets and WEKA, Continuum links geographically separated data centers into a single logical GPU supercluster delivering 136 Tbps of bandwidth at 0.9 milliseconds of round-trip latency across 83 kilometers of dark fiber.

This gives WhiteFiber a new commercial product line targeting enterprises, GPU cloud providers, and regulated industries that need AI compute to scale past a single site's power limits, meet compliance requirements, and stay resilient when one location goes down. Commercially available today, with expansion to additional sites planned in the months ahead.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

GameStop extended its five-session rally Thursday after Chairman and CEO Ryan Cohen disclosed a second open-market purchase in less than two weeks. Cohen bought 1,150,680 shares on Sept. 21 at an average $22.94, spending roughly $26.4M. He bought another 1M shares at $20.38 on Sept. 10.

The RIP: $GME ( ▲ 3.39% ) climbed +3.4% to $25.02, bringing its five-session gain to +9.9%. Cohen directly owns 40.5M shares. Including warrants, his roughly 44.2M-share beneficial stake equals 8.7% and was worth just over $1B at Thursday’s close.

The buying landed as GameStop completed a roughly $1.4B debt swap that issued 55.5M shares and paid $358.4M in cash. Cohen and three directors adding stock gave bulls something to point at after the dilution. The operating business is still shrinking, though. Second-quarter sales fell 18.7%, even as operating income jumped 141% and collectibles sales rose 56.5%.

The Community Read: The $GME room is extremely bullish, see the insider-buy debate ->

BlackBerry, the software company behind the QNX automotive operating system, climbed Thursday after fiscal second-quarter results beat expectations. QNX growth powered the quarter and pushed management to raise its companywide outlook again.

The RIP: $BB ( ▲ 4.18% ) rose +4.2% to $8.73 on 2.3 times normal volume. Adjusted EPS of $0.07 beat $0.04 expected, while revenue jumped 26% to $163.3M versus $142.5M expected. QNX revenue climbed 27% to $80.3M.

BlackBerry raised its fiscal 2027 revenue outlook to $616M–$636M from $594M–$621M. QNX also landed its first Alloy Kore design win, which management expects to generate more than $100M in future royalties.

Secure Communications went the other direction. BlackBerry cut that segment’s revenue outlook to $260M–$270M, citing uncertainty around government contracts and U.S.-Canada trade tensions. The stock has already more than doubled this year, but QNX gave traders another reason to keep the old phone company on screen.

The Community Read: The $BB room is extremely bullish, see the QNX versus security split ->

4.8K WATCHERS · BEARISH · HIGH ACTIVITY

The Financial Times reported Gen Digital made an early-stage takeover approach for GoDaddy, and investors hated the idea, sending GEN down 12% while $GDDY jumped on the potential bid.

27.6K WATCHERS · BULLISH · HIGH ACTIVITY

MGM fell 11% to $33.59, its worst session since October 2024, after Barry Diller pulled out of a potential takeover, though at least one bull argued the dip is now buyable.

6.5K WATCHERS · BULLISH · HIGH ACTIVITY

Akamai announced after the close that Anthropic committed roughly $11.6B over seven years for dedicated AI cloud capacity, plus a Lenovo supply pact and $1.7B Jabil build, sending shares up more than 26% after hours.

Bearish 🐻 | Bullish 🐮 | It’s Complicated 😵‍💫

The best setups can start taking shape before the crowd catches on. MarketSurge Blue Dot helps you quickly spot stocks flashing signs of leadership, so you can act sooner. Get instant access to the exclusive Blue Dot list, plus all the premium tools and charts you need to build a winning portfolio.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

😨 Senate narrowly votes down resolution calling for end to Iran war

💵 US mortgage rates top 7% for first time in 20 months

🤖 Qualcomm Renews Global Apple Patent License — Extends Key Licensing Relationship Into 2027

📰 Journalists for CNN, MS Now and Politico allowed back into the White House after judge’s ruling

🛢️ US-Iran Discuss Phased Deal To Reopen Strait Of Hormuz, Says Report — USO, UCO In Focus

🪙 Bitcoin moved while you were watching equities, here is what did it

Macro: New York Fed President John Williams speaks (5:15 AM ET), Durable goods (8:30 AM ET), State Unemployment Insurance Weekly Claims Report (9:00 AM ET), GDPNow (9:00 AM ET), Cleveland Fed President Beth Hammack speaks (2:00 PM ET), +1 more. 📊
Pre-Market Earnings: $TBN Tamboran Resources Corp.. ☀️

P.S. You can listen to all of these earnings calls on Stocktwits.

Want to see some change? Respond to this email and reach me, Kevin Travers, with feedback. Follow me on Stocktwits. Send me charts and ideas! Refer a friend for this quarter’s edition of The RIP Forecast 😎

_{Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The content is to be used for informational and entertainment purposes only and the service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which content is published on the service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋}