GameStop shares are up about 8% after a stellar earnings report. The Grapevine, TX company reported net income of $21.8 million for the quarter as compared to $3.18 million a year ago. That's nearly a seven-fold jump. The stock hit a new all-time high and is currently trading at 47.10. (Read)

Meanwhile, Take-Two's shares have jumped nearly 20% over the past two days due to hype over BioShock and rumors of a takeover bid by EA.

The BioShock hype is just that; hype. Yes, the game will sell better than expected, but as one analyst puts it, it's not the next GTA. (Read)