After struggling for most of this year, Warner Bros. Discovery (WBD) is on a sustained uptrend. Short sellers, who hold a 4.28% short interest, will need to cover their bearish bet.
WBD stock has multiple inflection points ahead. Max, previously known as HBO, is accelerating its subscription growth internationally. DTC could achieve profitability next, too. In addition, customers may sign up for their TV distribution content through streaming services.
Beware of momentum fading, since WBD has $40 billion in debt. This limits the stock’s rally.
Albemarle (ALB), a lithium miner, found support at $100 and closed at $108.19. The firm plans to cut 6% to 7% of its staff globally. By cutting around 15% of its non-manufacturing workforce, it will save $300 million to $400 million a year.
In Q3, Albemarle lost $9.45 a share (or $1.11 billion lost). The firm plans to compete with lithium prices at $12 to $15 per kg.
West Pharmaceutical Services (WST) have been trading in the $300 range since July. The stock trended higher on no up-to-date news. In Q3, posted on Oct. 24, 2024, the firm reported a non-GAAP EPS of $1.85. Revenue fell by 0.1% Y/Y to $749.9 million. It increased its FY 2024 EPS guidance range to $6.55-$6.75.
After markets closed yesterday, Cisco (CSCO) posted a 5.6% drop in revenue. Still, the boring firm is a consistent performer. Watch the stock continue its rise.
