Warner Bros. Discovery is a diversified media entertainment conglomerate with television and film studios and more than 200 television channels, reaching 2.7 billion viewers in more than 220 countries. WBD is the result of the acquisition of WarnerMedia by Discovery Inc. on April 8, 2022. It also operates DTC video streaming services HBO Max and Discovery+, among other assets. Warner Bros. Discovery's assets include leading cable channels HBO, Discovery, TNT, TBS, CNN, and HGTV, among others.

Last week, we noted that 'one-week insider-sentiment sector data...suddenly suggests caution.' We added '...if an investor is starting to feel that some degree of defensiveness is needed, we'll say that corporate insiders apparently are starting to agree.' And by the end of the week, there was indeed some growing concern that high-flying IT, AI-related, and chip-related stocks might need a timeout. This week, the insider-sentiment data from Vickers Stock Research continues to suggest some degree of caution. We aren't claiming that a correction is imminent, but do believe stocks are vulnerable after the recent big push higher. On a scale where readings above 6.00 are bearish, Vickers' current NYSE One-Week Sell/Buy Ratio is 7.94, up from 5.70 last week; Vickers' Nasdaq One-Week Sell/Buy Ratio is 5.19, up from 4.43 last week; and Vickers' Total One-Week Sell/Buy Ratio is 6.14, up from 4.81 last week. Digging deeper on Vickers' current sector sentiment data, we note that five sectors sport a bullish one-week ratio, four are neutral, and two are bearish (Materials and Information Technology). Of the bearish, the Information Technology ratio has skyrocketed into solidly bearish territory, with a reading of 30.1 compared to 6.8 last week. While that remains below the extreme reading of 173.0 that the sector saw in late April, the consistency of bearish one-week readings for the sector have resulted in an Eight-Week Sell/Buy ratio of 9.2. That makes Information Technology the only sector to record a long-term bearish reading. Still, bright spots remain across the landscape, with bullish One-Week and Eight-Week Sell/Buy readings coming in from the Consumer Staples, Energy, Financial, Healthcare, and Real Estate sectors. This week, analysts at Vickers highlighted insider transactions of interest at Nvidia Corp (NGS: NVDA) and Qorvo Inc. (NGS: QRVO).

Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner’s own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.

Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner’s own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.