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Keith Gill Roaring Kitty
Yes, this guy.
Woof

Keith Gill doesn’t seem to like Chewy any more. No one cares.

Luke Kawa

Well, at least there’s not much mystery behind this meme.

At noon, Keith Gill, aka Roaring Kitty, tweeted a picture from Toy Story 2 of Woody being discarded by Andy with a dog’s head superimposed where the cowboy’s face should be.

In late June, Gill had tweeted a picture of a dog and sent shares of Chewy spiking higher by as much as 34% on the day. A filing to the Securities and Exchange Commission later revealed that he had purchased about 9 million shares of the pet e-commerce company, a 6.6% stake.

Today’s tweet of a meme often used to say “I don’t wanna play with you anymore” would seemingly imply that he’s throwing the stock to the dogs. But just as Gill’s June 27 tweet didn’t have a long-lived impact on the stock, neither does this micro-missive.

Since the time that Gill’s ownership of the company’s stock surpassed 5% (which triggered the filing), shares of Chewy are down a little more than 1%, broadly in line with the return for the S&P 500 over this period.

The eccentric value investor turned meme maestro came back to social media earlier this year after a long hiatus, and unleashed an avalanche of edited videos.

(I suspect the timing of his return had something to do with the dismissal of a lawsuit pertaining to Gill’s previous involvement in GameStop.)

Eventually, he went on a livestream to re-affirm that he liked the stock of GameStop, the embattled video game and collectibles retailer, and that his bet on the company was a bet on “Ryan fucking Cohen” — the current CEO of GameStop, who was the co-founder and former CEO of Chewy.

You can’t teach an old dog new tricks.

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Luke Kawa

Crocs rises on new marketing campaign for HeyDude brand starring Sydney Sweeney


Sydney Sweeney has great... feet?

Shares of Crocs are rising after the footwear company’s HeyDude brand unveiled a new marketing effort starring actress Sydney Sweeney for its Austin Lift shoe line.

Sweeney’s controversial ad campaign for American Eagle spurred a massive jump in the denim maker’s shares, caught the attention of the president, and prompted “an uptick in customer awareness, engagement, and comparable sales,” per American Eagle’s management.

Sweeney was first announced as HeyDude’s global spokesperson in August 2024, and doesn’t seem to have given the brand a major boost so far.

Max Knoblauch
9/26/25

Ford and GM reach 52-week highs as EPA seeks to repeal emissions rules

Shares of Ford and GM are each trading at 52-week highs on Friday, as investors pile into gas-powered US automakers with the looming end of the EV tax credit and the Trump administration’s potential repeal of vehicle emissions standards.

A lobby representing Ford, GM, and nearly all other major automakers has expressed support for the EPA’s proposal to repeal the long-standing endangerment finding that declared greenhouse gases a threat to human life. The finding provides the legal foundation for the EPA to regulate vehicle emissions.

Yesterday, EV giant Tesla urged the Trump administration to keep the standards in place.

Friday afternoon saw Ford shares reach their highest level since July 2024, while GM’s stock hit highs not seen since January 2022.

Citi equity analysts on the key valuation issue facing the market.

Citi’s US market analyst on the key valuation test facing the market

“It kind of comes down to, what inning do you think we are in this AI game?”

markets
Luke Kawa

GameStop surges as company offers promotions to boost launch of “Pokémon” Mega Evolution set

GameStop is jumping as the company offers promotions to boost interest for today’s North American launch of the Mega Evolution set of the “Pokémon Trading Card Game.”

Options activity is a little more tilted to the bull side than usual. Over the past month, a little less than four calls have changed hands for every put option. As of 10:22 a.m. ET, that ratio is over five to one.

It’s a big day for collectibles fans and gamers alike: beyond the “Pokémon TCG” drop, there are also new collections from “Yu-Gi-Oh! and Magic: The Gathering being released and EA SPORTS FC 26, as well.

As we’ve written, Pokémon trading cards have been skyrocketing in value, and GameStop’s collectibles business has been accelerating. These are two sides of the same coin.

Mega Gardevoir... here I come!

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