Stocks to Watch Wednesday: BP, Netflix, Paramount, Strategy -- WSJ

Dow Jones01-07

By WSJ Staff

Warner Bros. Discovery $(WBD)$: The entertainment conglomerate told shareholders to reject Paramount $(PSKY)$'s amended hostile bid for the company, saying its existing deal with Netflix $(NFLX)$ is stronger.

Strategy (MSTR): MSCI said it won't exclude crypto treasury companies from its indexes. Shares of bitcoin accumulator Strategy climbed nearly 4%.

Newmont $(NEM)$, Freeport-McMoRan $(FCX)$, Antofagasta (UK: ANTO): Global mining stocks came under pressure as a rally in precious and industrial metals stalled.

GameStop $(GME)$: The videogame retailer granted Chief Executive Ryan Cohen a performance-based stock option award. Shares rose nearly 5%.

Mobileye Global $(MBLY)$: The autonomous-driving company is acquiring AI robotics startup Mentee Robotics for $900 million. Mobileye stock jumped more than 9%.

Ventyx Biosciences (VTYX): Shares in the biotechnology company surged for a second day. The Wall Street Journal reported that Eli Lilly $(LLY)$ is in advanced talks to buy Ventyx for over $1 billion.

BP (UK:BP, BP) and Shell (UK:SHEL, SHEL): European energy shares dropped after President Trump said Venezuela will give up to 50 million barrels of crude to the U.S.

Chevron $(CVX)$: U.S. oil executives are expected to meet with President Trump on Friday to discuss Venezuela. Separately, the Financial Times reported Chevron and Quantum Capital are planning a bid to buy Lukoil's international assets.

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January 07, 2026 09:36 ET (14:36 GMT)

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