Group 1 - Harding Loevner's Global Equity Strategy reported a gross return of 2.62% and a net return of 2.52% for Q3 2025, underperforming the MSCI All Country World Index and MSCI World Index which returned 7.74% and 7.36% respectively [1] - Year-to-date, the strategy has risen 10.61% net, compared to 18.86% and 17.83% for the respective indexes [1] - The last six months have been noted as one of the strongest momentum phases in over 70 years, with high-momentum stocks outperforming low-momentum stocks by 45 percentage points, largely driven by advancements in AI [1] Group 2 - Netflix, Inc. (NASDAQ:NFLX) experienced a one-month return of -5.23% and a 52-week gain of 13.26%, closing at $103.96 per share with a market capitalization of $440.51 billion on December 3, 2025 [2] - Despite Netflix's subscriber growth and resilience in revenue amidst slower consumer spending, the stock's performance was affected by high market expectations, leading to a pullback from earlier gains [3] - Netflix is ranked 14th among the 30 Most Popular Stocks Among Hedge Funds, with 154 hedge fund portfolios holding the stock at the end of Q3, an increase from 133 in the previous quarter [4]

Core Viewpoint - Warner Bros. Discovery (WBD) is exploring a sale process for its assets, attracting bids from major companies like Paramount, Comcast, and Netflix due to its extensive library of popular film and television content [2][4]. Group 1: Sale Process and Bidders - Paramount made an initial offer in September to acquire WBD, prompting the company to officially explore a sale process [2]. - WBD plans to complete the sale process by mid-to-late December, having received second-round bids from potential buyers [4]. - Comcast is interested in WBD's assets but is not keen on its cable networks, proposing a clause that allows WBD to spin out its cable networks before the acquisition closes [7][8]. Group 2: Content Library and Strategic Fit - WBD's content library includes major franchises such as DC superheroes, Harry Potter, and Game of Thrones, making it an attractive acquisition target [3]. - Comcast's acquisition of WBD would enhance its streaming service Peacock, which currently has 41 million subscribers and lacks original content [8]. - Paramount aims to bolster its franchise output by acquiring WBD's library, which could significantly enhance its portfolio [25][29]. Group 3: Netflix's Position - Netflix, initially seen as a potential bidder to drive up prices, has made a cash bid for WBD's streaming and studio assets, despite its historical reluctance to engage with legacy media networks [16][19]. - The acquisition of WBD's content library would provide Netflix with established franchises, but concerns exist regarding how Netflix would manage WBD's theatrical legacy [19][22]. Group 4: Industry Dynamics and Future Implications - The merger of WBD with any of the bidders could lead to a reduction in the number of films and TV productions, impacting content availability for consumers [28]. - Paramount's interest in acquiring WBD includes its cable networks, which would enhance its news and sports coverage significantly [29][30].

Group 1 - Amazon.com is launching a dedicated news tab on its Prime Video streaming service [1] - The news tab will be available to all U.S. customers for free by the end of the year [1]

Netflix Inc (NASDAQ: NFLX) slipped over 5% this morning following news that Reed Hastings, cofounder and current chairman of the streaming giant, has trimmed his stake in the firm by 99%. According to... ...

NewsItemId=NY38042&Transmission_Id=202512031230PR_NEWS_USPR_____NY38042&DateId=20251203) **Pluto TV Invites Fans to Smash, Shatter and Stream Their Stress Away with Its "Holidays Are Brutal" Collection and Free "Holiday Rage Rooms" Nationwide****Download Assets[HERE] (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4571345- 1&h=1216866601&u=https://www.dropbox.com/scl/fo/e0kbzrpcvy5cw4hii1w8b/AJXXVR6lZ5Qvfihw- MDEsXY?rlkey=gfzq97cqcq3qshar815xatbjd&st=ct11laqv&dl=0&a=HERE)**NEW YORK,Dec. 3, 2025/PRNewswire/ ...

Key Points Roku stock brings double-digit streaks of double-digit growth into the year ahead. The platform remains popular, with consumption of its streaming operating system up 14% over the past year. The success of a new service it launched this past summer and a partnership it entered into with Amazon will dictate how 2026 plays out. 10 stocks we like better than Roku › If you're channel surfing through stocks to consider buying heading into 2026, Roku (NASDAQ: ROKU) might surprise you. The st ...

These stocks could double in value by 2030.Growth stocks can help you grow a small sum of money into a large nest egg for retirement. While stock selection plays a crucial role in your returns, many of the best growth stocks are brands and services you might use every day.If you have extra cash to put in a few stocks for at least five years, here are two top growth stocks that have delivered exceptional returns to their shareholders and still offer long-term upside. 1. NetflixNetflix (NFLX 5.46%) has been a ...

Brown Advisory, an investment management company, released its “Brown Advisory Large-Cap Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned -0.88% (net) during the third quarter, underperforming the benchmark, the Russell 1000 Growth Index. Even though the portfolio has significant exposure to AI, its underweight to the most speculative momentum-driven parts of the trade was a headwind to performance. In addition, please check the fund’s t ...

Group 1: Cryptocurrency Market - Bitcoin experienced its worst day since March, leading to a significant sell-off and a 60% decline in shares for Strategy since summer highs, with a potential loss of $5.5 billion if Bitcoin prices do not recover [3][4] - Strategy's popular ETFs have fallen over 80% this year, prompting the company to create a $1.4 billion reserve for dividend and interest payments [4] Group 2: Corporate Developments - Apple has replaced its AI chief, with Amar Subramana taking over from John Jiang Andrea, as the company has been lagging in the AI race compared to competitors like Samsung [6][7] - Warner Brothers Discovery is in the process of receiving bids, including a mostly cash offer from Netflix, with Paramount's $60 billion cash offer already rejected [5][6] Group 3: Automotive Industry - US auto sales data for November is expected to show a slight increase to 15.43 million, indicating steady consumer demand for new vehicles [9] - Tesla is facing criticism for being overvalued, with short seller Michael Bur highlighting concerns over dilution from Musk's pay package and competition affecting market share [11][12][16] Group 4: Economic Indicators - The ISM manufacturing PMI for November showed a contraction for the ninth consecutive month, coming in at 48.2, below the expected 48.8, indicating a pullback in new orders and employment [43][44] - Manufacturing sectors are experiencing strong contraction, with GDP numbers reflecting ongoing challenges due to tariff uncertainties and rising costs [48][50]

Core Viewpoint - Deutsche Bank maintains a Buy rating and a price target of $775 for Spotify, indicating strong potential for revenue, margin, and profit growth under various pricing scenarios [1] Group 1: Pricing Scenarios and Revenue Impact - A $1 per month price increase (8% hike) is projected to raise 2026 revenue by approximately 2%, with similar effects on gross profit and a 5% increase in EBIT [1] - If only the Premium tier is raised by $1, while Music-only pricing remains unchanged, this would still lead to a 2% revenue increase, with 60-70% incremental margins, resulting in a 4% boost to gross profit and a 9% increase in EBIT [2] - In a more optimistic scenario, raising Premium pricing by $2 and Music-only pricing by $1 could lead to nearly a 5% rise in revenue, a 10% increase in gross profit, and a 22% expansion in EBIT, assuming historical revenue-share patterns are maintained [3]