The streaming media sector is heating up again. Warner Bros. Discovery (WBD) gained over 20% in the last week. Investors gained confidence in WBD stock after CEO Zaslav participated in the Goldman Sachs Communacopia+ technology conference.
Warner Bros touted its 30 channels in the U.S. Its distribution network is a source of growth. However, the firm must pay down its debt. It needs sustainable growth in streaming by expanding globally.
Etsy (ETSY) added nearly $4.00 to close at $55.65 last Friday. The retailer, which competes with Amazon (AMZN) and PDD’s Temu, attracted short-sellers in August. Bears held a 14.12% short interest as a percentage of float. Only American Airlines (AAL) and Super Micro Computer (SMCI) had a higher short interest in the S&P 500 (IVV).
Etsy is offering free shipping to consumers who have an Insider membership.
Align Technology (ALGN) gained 8.5% in the last week. Markets are recognizing the firm’s growth potential from launching Lumina Restorative in the fourth quarter. The full launch next year will sustain its growth of above 8% Y/Y.
In the last quarter, Align needed to offer discounts, hurting its average selling price. However, margins will improve as new products improve the firm’s revenue mix.
