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Luke Kawa

GameStop jumps after Roaring Kitty’s tweet featuring the song “I Will Wait for You”

Shares of GameStop jumped more than 5% on Thursday following a tweet from Keith Gill, aka Roaring Kitty.

The tweet is of a clip from Futurama that shows the main character’s dog, Seymour, waiting outside a pizzeria for his owner, Fry. (Spoiler: the dog waits a heck of a long time.) The music, however, is slightly edited to play a different verse of Connie Francis’ “I Will Wait for You.”

Unity Software (ticker: U), another stock that internet sleuths have hypothesized might be of interest to Gill, based on other tweets, is virtually flat on the day.

Call volumes on GameStop have picked up. Outside of last Friday’s option expiry, this marks the most bullish options to have changed hands so far this year.

Despite the rise in the stock, the most popular contract for the day — calls with a strike price of $30 that expire on Friday — are flat, as the stock remains below that level with little time remaining before expiry. However, options wagers that would be in the money if the stock breaks that round number by February 7 have spiked in value.

February 7 isn’t exactly “a thousand summers” away, as Connie Francis croons, but hey.

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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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