A big earnings report and some high-profile platform releases can help turn around a stock that has fallen sharply since peaking late last year.
Warner Bros. Discovery (NASDAQ: WBD) has had a challenging run this year. The Collinsville Police Pension Board (CPPB) alleges Warner Bros. Discovery, which claims more than 92 million subscribers, has inflated the number by as much as 10 million. Lawyers for the CPPB say Warner Bros. Discovery has incorrectly counted customers of AT&T -- WarnerMedia's previous owner -- who were given access to HBO Max yet actually never logged in.
Netflix's (NASDAQ: NFLX) stock price plunged about 60% this year and erased nearly four years of gains. The bulls fled as the streaming video giant's subscriber growth stalled out and its operating margins declined. The bears believe Netflix's heyday is over.