Netflix Dips on Warner Bros Acquisition; Ulta Beauty Soars with Strong Q3; HPE and SoFi Slide Premarket

Netflix (NASDAQ: NFLX) saw a 3% drop in premarket trading after unveiling plans to acquire Warner Bros Discovery's TV and film studios and streaming business for $72 billion. This massive deal sent ripples through the market, knocking Warner Bros Discovery (NASDAQ: WBD) shares down by 1.1%, as investors weighed the implications of the merger.

Meanwhile, Ulta Beauty (NASDAQ: ULTA) made headlines with a 6.3% rally after surpassing analyst expectations for its fiscal third quarter. The cosmetics retailer also upped its full-year forecast, buoyed by strong sales and effective execution of its growth strategies.

Not all news was rosy, especially for Hewlett Packard Enterprise (NYSE: HPE), which plunged 9.3%. The cloud and hardware specialist trimmed its first-quarter revenue forecast, highlighting lower income from AI server sales as customer orders shifted to the latter half of the year - a cautionary note amid the AI frenzy.

SoFi Technologies (NASDAQ: SOFI) also faced investor pressure, with shares sinking 7.4% after revealing a $1.5 billion underwritten public offering of its common stock. The capital raising move sparked concerns about dilution and timing, leading to the stock's sharp slide.

There were some notable winners post-earnings. Cooper Companies (NASDAQ: COO) jumped 13% after issuing better-than-expected earnings guidance for 2026 and announcing a strategic review. Similarly, Rubrik (NYSE: RBRK) surged 18% following a surprise earnings beat fueled by booming demand for AI-powered security operations.

Ford Motor Company (NYSE: F) inched up 0.1%, shrugging off a recall of over 108,000 vehicles due to a liftgate hinge issue. Investors appeared unfazed by the announcement, focusing instead on Ford's broader product lineup and market positioning.

Cloudflare (NYSE: NET) experienced a 2% pullback after recovering from a brief software outage earlier in the day. Investors likely factored in the operational hiccup amid a busy week of tech earnings and market uncertainty.

Victoria's Secret (NYSE: VSCO) took center stage with an 11% gain following better-than-expected Q3 results and an upgraded full-year outlook. The lingerie retailer's ongoing turnaround efforts appear to be hitting their stride, attracting renewed investor confidence.