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Good morning! Right here is the newest in trending:
Belongings outlook: Ray Dalio mentioned gold is now “the second largest reserve forex,” whereas bitcoin (BTC-USD) is just cash “for some.”
Affordability push: President Trump indicators order to limit massive institutional buyers from shopping for single-family properties.
Confrontation: OpenAI’s Sam Altman fires again at Elon Musk linking ChatGPT to 9 deaths, pointing to fatalities involving Tesla’s Autopilot.
Netflix (NFLX) is down greater than 6% this morning after its fourth-quarter outcomes narrowly beat expectations, whereas its tepid outlook underwhelmed buyers. Including to uncertainty is the continued bidding battle for Warner Bros. Discovery (WBD).
Outcomes recap: The streaming large’s This fall income grew 18% Y/Y, pushed by membership development, larger pricing and elevated advert income. However provided that This fall is often amongst its strongest quarters, income was solely barely above estimates. As for its steering, it projected income rising 12%-14% in 2026, in comparison with 16% development in 2025. Netflix additionally plans to extend spending on content material by 10% this 12 months. “In 2026, we’re centered on enhancing our core enterprise with an growing selection and high quality of collection and movies, enhancing our product expertise, and additional rising our adverts enterprise,” it mentioned.
Newest on WBD: Netflix launched its outcomes after updating its bid for Warner Bros. Discovery’s streaming and studio belongings to an all-cash supply of $27.75/share. Netflix additionally secured extra debt from banks to fund the revised supply. “We’re working actually exhausting to shut the acquisition of Warner Bros. Studios and HBO, which we see as a strategic accelerant,” Theodore Sarandos, Netflix’s co-CEO, mentioned in an earnings name. The revised supply is geared toward warding off Paramount Skydance (PSKY), which is pursuing a hostile takeover of WBD with a suggestion of $30/share in money for your entire firm.
SA commentary: In line with Investing Group Chief Lengthy Participant, Netflix’s development charge is way slower than the price-earnings ratio would appear to point and so “it’s fairly potential that the declining inventory value signifies a transition to actuality.” However SA analyst Gary Alexander struck a extra optimistic tone. “I consider the market is overly attuned to the dangers of a development slowdown and assuming a recent debt load and never giving Netflix sufficient credit score for its growth of market share, its margin growth, and its nascent alternative to meaningfully develop its adverts enterprise,” he mentioned.
This is the newest Looking for Alpha evaluation
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What else is going on…
Trump says, ‘You may discover out’ how far he’ll go to get Greenland.
Anthropic (ANTHRO) CEO talks potential IPO, AI race at Davos.
United (UAL) rallies after saying it is on observe for report income.
Amazon (AMZN) will get nod to open megastore in Chicago suburb.
Ryan Cohen boosts his GameStop (GME) stake to about 9.2%.
The authorized battle towards sports activities prediction markets is heating up.
PayPal (PYPL) gives free DIY tax submitting for debit card prospects.
Pure fuel futures skyrocket as chilly snap sweeps throughout U.S.
RFK Jr. reportedly dismisses 4 members of vaccine harm panel.
Japan bond volatility might set off as much as $130B U.S. Treasury promoting.
Right this moment’s Markets
In Asia, Japan -0.4%. Hong Kong +0.4%. China +0.1%. India -0.3%.
In Europe, at noon, London -0.2%. Paris -0.4%. Frankfurt -1%.
Futures at 7:00, Dow -0.1%. S&P flat. Nasdaq -0.2%. Crude flat at $60.35. Gold +2.1% to $4,864.20. Bitcoin -2.7% to $88,665.
Ten-year Treasury Yield -1 bp to 4.29%.
On The Calendar
Corporations reporting at present embrace Johnson & Johnson (JNJ) and Kinder Morgan (KMI).
See the total earnings calendar on Looking for Alpha, in addition to at present’s financial calendar.
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