Warner Bros. Discovery Inc (NASDAQ:WBD) Shares last rose 1% to trade at $10.62, looking to close the month and quarter with a solid profit. So far this year, WBD is underperforming, down 6.2% versus a 23.7% gain in 2024 for the S&P 500 Index (SPX). However, this underperformance may represent the perfect buying opportunity, as equities tend to outperform in January.
Warner Bros. Discovery Stock Holds a Spot on Schaeffer’s Senior Quantitative Analyst’s Rocky White List The 25 Best SPX Stocks to Own next month. According to White’s data, WBD averaged a return of 10.8% in January (the best average return on the list) and ended the month with the highest return in seven of the last 10 years. A comparable move from its current position would put the stock above $11.75, or near its yearly highs from early December.
A dissipation of analyst pessimism could benefit security. Of the 25 in coverage, 14 recommend a lukewarm “hold,” leaving room for coverage brokerages to improve capital.