The Club’s top 10 things to watch Friday, Dec. 5 1. The S & P 500 rose modestly this morning, even as Netflix shares dipped on its blockbuster deal to buy Warner Bros. Discovery film and streaming properties. The index, as of yesterday’s close, was up slightly for the first week of December. 2. Netflix beat out Comcast and Paramount Skydance in the bidding war over Warner Bros. Discovery assets, reaching a $72 billion deal to buy its movie studio and streaming service HBO Max. The acquisition is expected to close after WBD’s planned spin of its TV networks in the third quarter of 2026. The merger will likely face regulatory scrutiny , given the size of each company’s expansive streaming businesses. 3. A senior Trump administration official told CNBC’s Eamon Javers this morning that the White House views the Netflix-WBD deal with “heavy skepticism.” The New York Times reported that Paramount CEO David Ellison pleaded his case in Washington after his company’s multiple bids were rejected. 4. Oppenheimer raised its price target on Broadcom to $435 from $400. The analysts also kept their buy rating ahead of next week’s earnings. 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 and a $114 price target. The analysts see accelerating sales growth next year and in 2027 due to the rush to build and retrofit more and more AI data centers. 6. Foxconn, a key partner of Club name Nvidia , reported a 26% year-on-year November revenue gain as demand for AI servers continued to increase. Foxconn is the world’s largest contract electronics manufacturer, which also makes iPhones for Apple . 7. SoFi announced plans to sell $1.5 billion of additional stock. The fintech company is tapping the public markets after shares nearly doubled year to date. Not surprisingly, SoFi shares dropped more than 7% on the offering, which will dilute the value of the stock for current shareholders. 8. Southwest Airlines cut its 2025 earnings forecast due to higher fuel prices and a dip in demand during the government shutdown. The carrier expects 2025 earnings before interest and taxes (EBIT) of about $500 million, down from its previous $600 million to $800 million forecast. 9. Ulta Beauty shares rose more than 7% this morning after the company smashed estimates with its quarterly results and raised its full-year earnings and sales outlook. Ulta also sees full-year sales at stores open at least 14 months and online rising between 4.4% and 4.7%, up from the previous forecast of 2.5% and 3.5%. 10. Victoria’s Secret reported a narrower-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 surged more than 15% on the news. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
