Diamonds and Dogs

11/18/24

Warner Brothers Discovery (WBD) jumps 5% after settling their lawsuit with the NBA. In the new deal, the NBA can move forward to work with Disney, Amazon and Comcast to play live games. Warner Brothers will continue to produce their popular, Inside the NBA" show while also airing NBA games overseas.

Nike (NKE) down 2% even though they hiked their dividend on Friday. The stock is bouncing on Friday but is giving up the gains today. Sales at Nike remain lackluster. The company withdrew 2025 guidance due to the weakness. China remains an important market for them, but with the new Trump administration coming in, relations with China may not get better.

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