Warner Bros Discovery Inc (NASDAQ:WBD) the stock was last seen up 1% to trade at $10.62, looking to close out the month and quarter with solid gains. Year-to-date, WBD is weaker, down 6.2% versus a 23.7% gain in 2024 for the S&P 500 ( SPX ). However, this poor performance may represent a perfect buying opportunity, as equities tend to perform better in January.
Warner Bros Discovery shares hold a spot on Schaeffer’s senior quantitative analyst Rocky White’s 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 higher in seven of the last 10 years. A comparable move from the stock’s current position would put the stock above $11.75, or back near its annual highs from early December.
An easing of analyst pessimism could benefit security. Of the 25 in coverage, 14 recommend a tepid “hold,” leaving room for brokerages to upgrade capital.
