Club’s Top 10 to Watch Friday, Dec. 5 1. The S&P 500 rose modestly this morning, even as Netflix stock fell on its blockbuster deal to acquire Warner Bros.’ Discovery movie and streaming assets. As of yesterday’s close, the index was slightly up for the first week of December. 2. Netflix beat out Comcast and Paramount Skydance in a bidding war for Warner Bros.’ Discovery assets, reaching an agreement to buy the movie studio and streaming service HBO Max for $72 billion. The acquisition is expected to be completed following WBD’s planned separation of its television network in the third quarter of 2026. Given the size of both companies’ vast streaming businesses, the merger is likely to face regulatory scrutiny. 3. A senior Trump administration official told CNBC’s Eamon Javers this morning that the White House views the Netflix-WBD deal with “very skepticism.” The New York Times reported that Paramount CEO David Ellison filed a lawsuit in Washington after multiple Paramount bids were rejected. 4. Oppenheimer raised Broadcom’s price target from $400 to $435. Analysts also maintained their buy ratings ahead of next week’s earnings report. They expect the custom AI chip designer to deliver a strong quarter and outlook. 5. Citi resumed coverage of Broadcom rival Marvell Technology with a Buy rating and $114 price target. Analysts expect revenue growth to accelerate next year and in 2027 as AI data center construction and renovations surge. 6. Foxconn, a major partner of club name Nvidia, reported a 26% year-over-year increase in revenue in November as demand for AI servers continued to rise. Foxconn is the world’s largest contract electronics manufacturer and also makes iPhones for Apple. 7. SoFi announced plans to sell $1.5 billion in additional stock. The fintech company is entering the public markets after its stock price has nearly doubled since the beginning of the year. Unsurprisingly, SoFi stock fell more than 7% in the offering, diluting the value of the stock for current shareholders. 8. Southwest Airlines lowered its 2025 revenue forecast, citing higher fuel prices and lower demand during the government shutdown. The company expects 2025 earnings before interest and taxes (EBIT) to be approximately $500 million, a downward revision from its previous forecast of $600 million to $800 million. 9. Ulta Beauty shares rose more than 7% this morning after the company beat expectations for its quarterly results and raised its full-year profit and sales guidance. Ulta also expects full-year sales at stores open at least 14 months and online to increase 4.4% to 4.7%, up from previous expectations of 2.5% to 3.5%. 10. Victoria’s Secret reported a smaller-than-expected quarterly loss and a 9% increase in net sales. The intimate apparel retailer also raised its full-year outlook, saying it is “well positioned for a successful holiday season.” The stock price rose more than 15% on the news. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
