Stock Movers

• Carvana Rises on S&P Inclusion, Pepsi Plans Layoffs, Netflix Slides

  On this episode of Stock Movers: - Carvana (CVNA) CRH and Comfort Systems USA were selected for inclusion to the S&P 500. The companies will join the benchmark in a quarterly rebalance at the end of December, S&P Dow Jones Indices said Friday. The trio will replace LKQ Corp., Solstice Advanced Materials Inc. and Mohawk Industries Inc. prior to the start of trading on Dec. 22. Shares of the used car-retailer Carvana hit an all time high in trading on Monday. - Pepsi (PEP) announced a series of operational changes backed by activist investor Elliott Investment Management on Monday, including a review of its supply chain and slashing its overall number of products. The company is also planning layoffs in North America, according to an internal memo. The moves, which include the removal of nearly 20% of its US product lineup, will “accelerate organic revenue growth, deliver record productivity savings and improve core operating margin – starting in 2026,” Chief Executive Officer Ramon Laguarta said in a statement. Shares in PepsiCo have fallen roughly 5% this year through last week’s close, giving the company a market value approaching $200 billion. - Netflix (NFLX) shares slid today after Paramount Skydance launched a hostile takeover bid to buy Warner Bros. Discovery. Netflix executives looked to reassure investors that they’ll be the ultimate owners of Warner Bros. Discovery Inc. after Paramount Skydance Corp. launched a competing, hostile offer for the iconic entertainment company. The pair said the Paramount offer was “entirely expected” but that Netflix would win over regulators. They also reiterated Netflix’s plans to keep releasing Warner Bros. films in theaters. See omnystudio.com/listener for privacy information.

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• Closing Bell: Warner Bros Closes Higher on Competing Bids, Nvidia Gains, Netflix Down

  On this episode of Stock Movers: - Warner Bros Discovery (WBD) closed 4.42% higher after it received a hostile takeover bid from Paramount Skydance for $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix. The offer values Warner Bros. at $108.4 billion, including debt. The bid compares with Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for all of Warner Bros., while Netflix is interested only in the Hollywood studios, HBO and the streaming business. - Nvidia (NVDA) finished with a gain of 1.7%, after Semafor reports that the company will soon be allowed to export its H200 chips to China, citing a person with knowledge of the plan. Commerce Secretary Howard Lutnick supports the plan, according to Semafor - Netflix (NFLX) is down. Executives looked to reassure investors that they’ll be the ultimate owners of Warner Bros. Discovery. Co-Chief Executive Officers Ted Sarandos and Greg Peters told investors at the UBS conference in New York on Monday that they’re “extremely confident” that their deal with Warner Bros. will be approved.See omnystudio.com/listener for privacy information.

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• Warner Bros. Gets Hostile Bid from Paramount, Tesla Falls, Strategy Rises

  On this episode of Stock Movers: - Warner Bros. Discovery (WBD) received a hostile takeover bid from Paramount Skydance for $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt. The bid compares with Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for all of Warner Bros., while Netflix is interested only in the Hollywood studios, HBO and the streaming business. Warner Bros. shares were up 3.1% to $26.90 at 1:35 p.m. in New York on Monday. Paramount was up 8% while Netflix was down 4.3%. - Elon Musk is eager to transform Tesla (TSLA) into a robotics and artificial intelligence company, but the electric-vehicle maker’s stock price already reflects those businesses and is at a “full valuation,” according to Morgan Stanley, which lowered its rating on the company to the equivalent of a hold, its first cut since June 2023. Tesla shares trade at about 210 times projected earnings over the next 12 months, making it the second most expensive company in S&P 500 Index, trailing just Warner Brothers Discovery Inc. at 220 times and well ahead of third place Palantir Technologies Inc.’s multiple of 186. The stock fell as much as 3% on Monday to trade around $441. - Strategy (MSTR) shares rose in trading Monday after the digital asset treasury company said it bought $962.7 million worth of Bitcoin from Dec. 1 to Dec. 7, marking its largest acquisition since July. Strategy’s Bitcoin holdings are now worth more than $60 billion, but the company’s premium to its token holdings has continued to shrink. Strategy’s enterprise value at one point worth more than 2.5 times its Bitcoin holdings, but that has now fallen to a multiple of 1.1.See omnystudio.com/listener for privacy information.

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• Warner Brothers Discovery Rises, IBM Drops, Carvana Jumps on News it Will Join S&P 500

  On this episode of Stock Movers:- Warner Brothers Discovery (WBD) shares rise after President Trump says the proposed Netflix and Warner Bros. deal would “create a big market share” and “could be a problem.”- IBM (IBM) shares are down after news that the company is buying the data-streaming platform Confluent Inc. for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time. - Carvana (CVNA) shares rise following news it will join the S&P 500 Index starting Dec. 22. BofA Global Research raised its price target on the used car retailer citing the S&P Dow Jones Indices announcement.See omnystudio.com/listener for privacy information.

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• Netflix Drops, Tesla Falls, IBM Down After News of Confluent Purchase

  On this episode of Stock Movers:- Netflix (NFLX) shares drop after President Trump says the proposed Netflix and Warner Bros. deal would “create a big market share” and “could be a problem.”- Tesla (TSLA) shares fall after Morgan Stanley downgraded the electric-car maker to equal-weight from overweight, saying non-auto catalysts priced into the stock. - IBM (IBM) shares are down after news that the company is buying the data-streaming platform Confluent Inc. for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.See omnystudio.com/listener for privacy information.

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