Netflix’s stock closed at $90.32, up 1.02%, with trading volume slightly below average. Analysts are closely watching for earnings guidance and M&A updates. The S&P 500 slipped 0.20%, Nasdaq edged down 0.10%, and Disney rose 0.14% while Amazon fell 1.57%.

Netflix may amend its bid for Warner Bros. Discovery to an all-cash offer. HSBC upgraded Netflix stock to “strong buy” after a 27.5% decline, citing potential catalysts like the Warner Bros. acquisition. The company’s bid is still favored by the board. Consider investing in top stocks recommended by Stock Advisor for high returns.

Investor Howard Smith holds positions in Amazon and Disney. The Motley Fool recommends and has positions in Amazon, Netflix, and Disney. Keep in mind that the author’s views do not necessarily reflect those of Nasdaq, Inc.

Read more at Nasdaq: Stock Market Today, Jan. 13: Netflix Rises After HSBC Upgrade Sparks Optimism Ahead of Earnings