Core Insights - Ryan Cohen has redefined GameStop's business model and invested company funds beyond traditional retailing [1] - Michael Burry's recent investment in GameStop stock is based on his belief in CEO Ryan Cohen rather than the company's underlying business [2][3] Company Strategy - Cohen has introduced digital commerce to GameStop's previously declining retail video game business and has diversified investments into collectibles and Bitcoin [4] - Cohen owns approximately 42.1 million shares of GameStop, representing about 9% of outstanding shares, and has the potential to acquire options on over 171.5 million shares based on performance [5] Market Performance - Since Cohen joined GameStop's board in January 2021, the company has outperformed the S&P 500 [5] - GameStop's current market capitalization is $11 billion, with a stock price of $23.88, reflecting a 4.69% increase on the day [9] Comparisons to Berkshire Hathaway - Burry compares Cohen to Warren Buffett, suggesting that GameStop could evolve into a business similar to Berkshire Hathaway, although this comparison may be premature [3][7] - Cohen's investment strategy has yet to include significant outside investments comparable to Buffett's historical purchases, such as American Express or Coca-Cola [8] Future Outlook - While Cohen has successfully transformed GameStop into a market leader, the long-term potential for the company to become a conglomerate remains uncertain [10][11] - Investors may need to adopt a speculative approach until Cohen makes further outside investments that could enhance GameStop's stock value [11]

Group 1 - Costco Wholesale Corp is set to report its fiscal fourth-quarter results on September 25, with anticipated earnings of $5.79 per share, reflecting a 12% year-over-year increase, supported by digital commerce and a partnership with Affirm [1] - The stock has experienced volatile trading recently, but has maintained long-term support at the 320-day moving average, with a year-to-date increase of 4% [2] - Historically, Costco has a mixed earnings history, with half of its last eight post-earnings sessions resulting in gains, and an average next-day swing of 3.2% over the past two years, while options markets are pricing in a 4.8% move for the upcoming earnings report [4] Group 2 - Among analysts, 15 out of 34 have a "hold" rating on Costco stock, while 19 have a "buy" or better rating, with a 12-month consensus price target of $1,068.45, indicating a 12% premium over the current stock price of $954.06 [4]