Diamonds and Dogs

5/28/25

Abercrombie and Fitch (ANF) jumps over 10% on earnings. The trendy teen retailer beat by 23 cents as sales rose 7.5% to $1.1 billion. The company also raised outlook for the full year even as other retailers blame tariffs and consumer confidence on slumping sales and weak guidance.  

GameStop (GME) pulls back 9% as they start buying bitcoin. The classic MEME stock is down 9% as they shift policy to focus growth on buying bitcoin as an investment asset to boost shareholder returns similar to the strategy at software firm, MicroStrategy which has risen 7 fold in the last two years.

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