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J&J also rolled out its 2026 outlook, guiding EPS of $11.53 on $100.5 billion in reported sales, both above forecasts.
And SanDisk is up again, extending a redonkulous six-month rally that has seen shares climb more than 1,000% as it pivots from general storage to a high-performance AI-focused brand.
And in today's trading, U.S.
natural gas futures continue their massive gains, now up more than 50% in two days, as freezing temperatures across much of the country drive heating demand.
Front month NYMEX natural gas for February delivery is up about 20%, hitting a fresh year-to-date high above $4.65 per million BTUs.
Contracts are on track for their biggest weekly gain in more than 35 years.
Cold weather has sent energy prices sharply higher worldwide, Japan's power prices have hit a three-month high, and European gas futures are up nearly 30% so far this month.
Snow is also forecast this weekend in Texas, home to key gas production sites, raising the risk of temporary outages and lower exports.
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.
Today is Tuesday, January 20th, and I'm your host, Kim Kahn.
Netflix is moving further to cement its acquisition of Casablanca, Batman, Middle Earth, and, of course, the Animaniacs.
The streaming giant pulled the trigger on an all-cash offer for Warner Bros.
Discovery's streaming and studio units at $27.75 per share.
Warner said it will hold a special meeting of shareholders to vote on the deal before April.
The company highlighted that the all-cash transaction provides enhanced certainty around the value WBD stockholders will receive at closing, eliminating market-based variability.
Warner CEO David Zaslav said, By coming together with Netflix, we will combine the stories Warner Bros.
has told that have captured the world's attention for more than a century.
Netflix co-CEO Ted Sarandos said the revised all-cash agreement will enable an expedited timeline to a stockholder vote and provide greater financial certainty, plus value from the planned separation of Discovery Global.