Chapter 1: What is Warner Bros. asking for in their bidding process?
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.
Good afternoon. Today is Tuesday, November 25th, and I'm your host, Kim Kahn. Our top story so far. Warner Bros. Discovery is asking suitors to sweeten their bids after the first round of offers landed.
Chapter 2: How did Wall Street perform recently and what are the key market updates?
According to Bloomberg, the company wants improved submissions by December 1st, after which they could choose to enter exclusive talks with a single bidder. Paramount Skydance, Netflix, and Comcast all put in bids last week, with Comcast and Netflix eyeing the film and TV studios, plus HBO. Paramount Skydance wants the whole operation.
Warner kicked off a strategic review last month after receiving multiple unsolicited approaches for either the full company or just the studio and streaming assets.
Chapter 3: What impact did HP's weak forecast have on its stock?
CNBC previously reported that management hopes to make a go-no-go call on a sale or split by Christmas. In today's trading, Wall Street kept the rally going, with the Dow jumping more than 650 points, up 1.43%.
Chapter 4: Which stocks are considered the worst performers of the year?
The S&P climbed 0.9%, and the Nasdaq added 0.67%. Eight of the 11 S&P sectors closed higher, led by healthcare. Energy was the lone standout on the downside. Among those active stocks, Bank of America reiterated its buy ratings on Nvidia, AMD, and Broadcom, amid reports that Meta may augment Nvidia's GPUs with Google's TPUs.
Alibaba posted a strong revenue beat for Q3, with double-digit growth across its major operating units, especially cloud intelligence. And HP tumbled after hours on a weak forecast and plans to cut up to 6,000 jobs. In other days of noon, ahead of Thanksgiving, here are the turkeys gobbling up Wall Street's patience, the worst-performing S&P 500 stocks this year.
Fiserv is down 70.1%, The Trade Desk is down 66.8%, Decker's Outdoor is down 57.8%, Lululemon is down 53.9% year-to-date, and Gartner is down 51.5%.
Chapter 5: What special offers are available during the Black Friday sale?
You can see all the stocks that are really struggling in our story on Seeking Alpha. I'll put that link at the top of show notes. And don't forget, we've got a Black Friday sale going on, 20% off all products.
That's all for today's Wall Street Lunch. Look for links for stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com slash WSB. And join the highest level discussion of any stock or ETF with our community of serious investors like you. Find us at seekingalpha.com slash subscriptions.