Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion

💄 Ulta shares pop as beauty retailer hikes sales and earnings outlook for second straight quarter

Ulta Beauty on Thursday raised its full-year sales outlook after topping Wall Street’s fiscal third-quarter expectations and seeing shoppers splurge on perfumes, skincare items and more.

The beauty retailer said it now expects net sales for the year to be approximately $12.3 billion, higher than its previous expectations of $12 billion to $12.1 billion.

That would would represent an increase from last fiscal year’s net sales of $11.3 billion. It expects earnings per share of $25.20 to $25.50, up from its prior expectations of $23.85 to $24.30. CNBC reports.


🧗‍♂️ Meta Stock Climbs 4% on Planned Metaverse Cuts

Meta Platforms shares jumped nearly 4% on Thursday after reports emerged of deep budget cuts to its metaverse projects.

The stock opened at $676 and traded as high as $676.10 before settling around $664, up from the previous close of $639.60.​

Bloomberg reported that CEO Mark Zuckerberg is pushing for up to 30% reductions in the metaverse division’s 2026 budget. This could mean layoffs starting in January, going beyond the usual 10% company-wide trim discussed at recent planning sessions in Hawaii.​

The move signals a shift away from heavy metaverse bets that began in 2021, when Facebook rebranded as Meta. Reality Labs, which handles VR products like Quest headsets and Horizon Worlds, has posted significant losses, including billions in quarterly losses.

Investors have long called for tighter spending there. Somo reports.


💽 Pure Storage finally breaks out of its stockmarket lethargy

The flash-memory data storage specialist had stayed on the sidelines of the AI rally.

After eighteen months of hesitation, the company's valuation has literally exploded since August, while yesterday's quarterly results once again sent the stock up 7%.

Why? Not so easy to answer this question, although Pure Storage has a convincing investment thesis: well embedded in the data-center ecosystem with differentiated technology and a key solution in hand, its equipment is built to last - and still supported by strong demand.

Proof is again evident in the current fiscal year, as revenue rose 14% in the first nine months of the year: a rebound seems to be starting after a trough. MarketScreener reports.


🤖 Coreweave stock (CRWV) gains new bull as Roth Capital initiates at $110

CoreWeave's stock (NASDAQ: CRWV) has received a new vote of confidence as Roth Capital initiated coverage with a “Buy” rating and a price target of $110, expecting significant growth from the firm in the burgeoning AI cloud market.

The stock, currently trading at $86.22 in the pre-market, has experienced a recent 13% surge on the week, reflecting renewed investor optimism after a pullback.

The analyst firm's bullish stance hinges on CoreWeave's potential to capture a leading market share in the AI cloud sector, which they predict could surpass the traditional internet cloud in size. AskTraders reports.


📊 S&P 500, Nasdaq futures rise as Fed-favored PCE inflation data looms

US stock futures mostly moved higher on Friday as Wall Street looked ahead to a fresh reading on inflation that though delayed, could shape expectations for the Federal Reserve’s next policy move.

S&P 500 futures edged up 0.2%, while those on the Nasdaq 100 rose 0.4%.

Contracts on the Dow Jones Industrial Average, which includes fewer tech names, traded broadly flat following a mixed Thursday session.

The S&P 500 is edging toward a fresh record high, after ekeing out three days of modest gains.

Meanwhile, the Nasdaq is eyeing its ninth positive close in 10 sessions, after Wall Street regained appetite for risk and faith in Fed easing.

Investors continue to bet heavily on a quarter-point cut from the central bank next Wednesday.

Traders are pricing in 87% odds of move lower, compared with 62% a month ago, according to CME FedWatch. Yahoo Finance reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


VSCO: Victoria's Secret
Q3 2025
Before Market Open
Estimate: -0.590
Actual: N/A

MNY: MoneyHero
Q3 2025
Before Market Open
Estimate: -0.020
Actual: N/A

TOUR: Tuniu
Q3 2025
Before Market Open
Estimate: N/A
Actual: N/A

“The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.”

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Sourced in: Howard Marks Memo Quotes – Oaktree Capital.

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