Netflix Mixed, Victoria's Secret Surges, Ulta Beauty Rises
On this episode of Stock Movers:
- Netflix (NFLX) shares are mixed after the news that the company agreed to buy Warner Bros. Discovery Inc. in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios.
- Victoria’s Secret shares climb as much as 21%, to the highest intraday since May 2022, after the retailer’s better-than-expected third-quarter results and boosted guidance. The company is executing on its “Path to Potential” strategy, according to analysts, while JPMorgan upgrades with a Street-high price target of $60 per share.
- Ulta Beauty (ULTA) raised its full-year outlook after reporting better-than-expected results in the third quarter, a sign that consumers are overcoming any reluctance to spend and shelling out for cosmetics and hair supplies.
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