.@lilireinhart, actress, producer and founder of Personal Day, offers advice for anyone looking to enter the entertainment industry while backstage at the 2025 #Under30Summit. https://t.co/DkFSTJVBFh https://t.co/ZdlDskU2xv ...

Market Overview - Gold continues its record run, trading around $4,300 an ounce, up approximately 60% year-to-date, as investors seek safety amid market volatility [5][90] - The Dow is up around 70 points, while the Nasdaq has also turned positive, indicating a recovery from earlier losses [2][3] - Concerns over fraudulent loans have led to a significant selloff in regional bank stocks, which lost over $100 billion in market value [8][4] Consumer Spending Trends - Discretionary spending has slowed, particularly among lower-income households facing inflation and stagnant wage growth, while higher-income consumers continue to spend robustly [34][36] - American Express reported a 9% increase in card member spending, driven by wealthier customers [34] - The bifurcation in consumer spending is evident, with lower-income consumers visiting more outlets to find better deals [38][39] Banking Sector Insights - Concerns about a broader credit crisis have emerged following reports of losses from regional banks due to alleged fraudulent loans [8][4] - Moody's Analytics chief economist noted that while there are idiosyncratic issues, the banking system does not currently show signs of systemic problems [9][10] - Net interest margins are improving, and credit quality remains generally good despite some weaknesses in consumer finance [10][11] Housing Market Dynamics - Builder confidence has increased, with future sales expectations surpassing 50, indicating optimism despite current challenges [51][53] - Mortgage rates are expected to remain between 6% and 6.5% for the next year, with builders offering discounts to attract buyers [55][57] - Regulatory burdens are cited as a significant challenge for builders, contributing to high costs and delays in housing production [61][62] Analyst Calls and Stock Recommendations - Bank of America raised AMD's price target to $300, citing greater visibility into its AI hardware platform [68] - HSBC upgraded Freeport McMoran to buy, raising its price target to $50, benefiting from current gold market conditions [69] - Deutsche Bank upgraded Intuitive Machines, viewing it as a strong player in the space exploration market [70] Cryptocurrency Market Movements - Bitcoin has fallen to its lowest level since June, with significant outflows from Bitcoin and Ethereum ETFs totaling nearly $600 million [108] - The crypto market is experiencing profit-taking as investors shift towards safer assets like gold [109][110] - The total industry market cap for cryptocurrencies is around $3 trillion, with Bitcoin and Ethereum leading the market [112]

Core Viewpoint - The analyst from Rosenblatt maintains a positive outlook on Disney's streaming segment, anticipating strong fourth-quarter results and a boost in stock performance [1][2]. Streaming Segment - The new ESPN streaming platform is expected to reach approximately 500,000 subscribers in its first launch quarter and two million by the end of fiscal 2026, potentially generating nearly $500 million in new revenue in 2026 [3][4]. - Disney+ is projected to add around 500,000 net new domestic subscribers in the fourth quarter, with a potential 15% increase in average revenue per user due to planned price hikes [5]. Financial Performance - The analyst has raised estimates for fourth-quarter earnings per share and fiscal 2026 earnings per share, indicating a positive trajectory for revenue and earnings driven by streaming and parks [3]. - The Experiences segment is expected to see a 7% year-over-year revenue increase in the fourth quarter [6]. Stock Performance - Disney stock has shown positive movement, increasing by 1.2% to $111.15, with a year-to-date increase of 0.3% in 2025 [6].

Group 1 - Clean energy stocks are outperforming fossil fuels despite backlash against ESG initiatives and skepticism towards sustainability from certain political figures [4] - Upcoming earnings reports from major companies like Tesla and Netflix are anticipated, with analysts predicting a significant decline in Tesla's EPS compared to Q3 2024 [2][4] - Tesla's stock has shown relative strength following a breakout on September 11, indicating positive market sentiment ahead of its earnings report [1][4] Group 2 - The financial sector has seen a series of mostly positive reports, setting the stage for a busy earnings season [1] - The aerospace and defense sectors are also expected to report earnings, contributing to the overall market activity [1]

Group 1 - Tesla is expected to report a significant year-over-year decline in third-quarter earnings despite record electric vehicle deliveries due to the expiration of U.S. tax credits [1] - Analyst consensus predicts Tesla's third-quarter earnings per share (EPS) to fall by 24% to 55 cents compared to 72 cents in Q3 2024 [1] - Revenue for Tesla is anticipated to increase by approximately 4.6% in the same quarter [1] Group 2 - Upcoming earnings reports from Tesla, Netflix, and GE Vernova are being closely monitored by analysts [2]

Core Insights - Paramount Skydance CEO David Ellison is preparing a takeover offer for Warner Bros. Discovery (WBD), with potential competition from Comcast driving urgency [1][2] - A bidding war could elevate WBD's valuation from approximately $50 billion to over $60 billion, aligning with CEO David Zaslav's expectations [2] - Comcast, led by Brian Roberts, poses a significant threat to Ellison's bid, especially given its strong cash position of around $10 billion compared to Paramount Skydance's nearly $2 billion [5] Bidding Dynamics - Ellison's potential bid could be disclosed imminently, with analysts predicting an offer above $20 per share, which may be hostile and public [10][11] - Zaslav believes WBD's studio and streaming business could be valued at as much as $30 per share once separated from cable assets, with a breakup scheduled for May [12] - The independent directors of WBD may consider Ellison's offer against the unaffected price and could form a Special Committee to evaluate it [12] Competitive Landscape - The competitive landscape includes not only Comcast but also major players like Netflix, Amazon, and Apple, which could enter the bidding once WBD's assets are split [12][13] - Ellison is expected to leverage support from private equity firms like Apollo to strengthen his bid while avoiding overpayment [13] - The involvement of political figures, particularly Donald Trump, may influence the regulatory scrutiny of any potential deal, especially concerning Comcast's media properties [6][7]

Group 1 - The stock market showed mixed signals with Dow Jones futures slightly higher, while S&P 500 and Nasdaq futures reduced losses [1] - Interactive Brokers and American Express exceeded earnings expectations, while Oracle raised its long-term growth forecasts [1] - The market rally initially opened strong but reversed lower, particularly affecting small-cap stocks, with regional banks experiencing sell-offs due to concerns over bad loans [1] Group 2 - Walmart is highlighted as a significant player in the S&P 500, alongside a profitable biotech company, as stocks to watch in a volatile market [2] - The market environment is described as tricky, indicating potential challenges for investors [2] Group 3 - Taiwan Semiconductor Manufacturing Company (TSMC) is recognized as a leading tech standout, featured on various stock lists [4] - The stock market is influenced by external factors such as comments from former President Trump regarding China and upcoming CPI inflation data [4] - Tesla is positioned as a key stock to watch, with expectations of strong third-quarter earnings, despite potential risks [4]

Core Points - Paramount Skydance Corporation (Nasdaq: PSKY) will report its third quarter 2025 financial results on November 10, 2025 [1] - A conference call will be held at 1:30 p.m. (PT) / 4:30 p.m. (ET) following the earnings release [1] - The call will be accessible via a live audio webcast on Paramount's Investors homepage [2] Financial Information - An audio replay of the conference call will be available on the same day in the Events and Webcasts section of Paramount's Investors homepage [3] - The earnings release and related information will be accessible on the Investors homepage [3] Company Overview - Paramount, a Skydance Corporation, is a leading global media and entertainment company with three business segments: Filmed Entertainment, Direct-to-Consumer, and TV Media [4] - The company's portfolio includes well-known brands such as Paramount Pictures, CBS, Nickelodeon, and Showtime [4]

Fund Performance - The Patient Opportunity Equity Strategy achieved a total return of 14.1% net of fees in Q3 2025, outperforming the S&P 500 Index which returned 8.1% [2] - The portfolio's outperformance was driven by selection and interaction effects, while allocation effects partially offset these gains [3] Portfolio Composition - The strategy was overweight in sectors such as Consumer Discretionary, Communication Services, Financials, Energy, Industrials, and Health Care, while underweight in Real Estate, Utilities, Materials, Consumer Staples, and Information Technology [4] - The portfolio ended the quarter with 36 holdings, with the top 10 stocks representing 51.1% of total assets, indicating a high active share of approximately 92.5% [5] Market Context - The market's upward trend in Q3 was supported by resilient consumer spending, Federal Reserve rate cuts, and ongoing AI investments [6] - Long-held positions in the portfolio broke through multi-year resistance levels, contributing to overall performance [6] Key Contributors - Precigen (PGEN) was the top contributor, benefiting from the FDA approval of Papzimeos, which is expected to launch soon [10][15] - Alphabet Inc. (GOOGL) and Alibaba Group Holdings (BABA) also significantly contributed to performance, with GOOGL gaining regulatory clarity and BABA announcing aggressive AI investment plans [8][16][17] Key Detractors - Dave & Buster's Entertainment (PLAY) was the largest detractor due to disappointing results and leadership changes, although there is optimism for future recovery under new management [18] - QXO Inc. (QXO) faced concerns over weakening construction activity but continues to execute its acquisition strategy [19] - Crocs Inc. (CROX) declined following disappointing guidance and challenges with its HEYDUDE brand [20][21] Strategic Actions - The portfolio eliminated five positions during the quarter, reallocating capital towards higher conviction names [12] - The strategy continues to capitalize on market volatility, increasing positions in Delta Air Lines (DAL) and Norwegian Cruise Line Holdings (NCLH) during market pullbacks [9]

Warner Bros. Discovery is entering a race to produce original Korean content by teaming up with one of the country’s biggest media conglomerates, seeking to catch early movers Netflix and Disney https://t.co/0HjEJ14CWT ...