Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, November 25th, and I'm your host, Kim Khan.

I top story so far. Warner Brothers Discovery is asking suitors to sweeten their bids after the first round of

offers landed. According to Bloomberg, the company wants some proof submissions by December 1st,

after which they could choose to enter exclusive talks with a single bidder.

Paramount Skydance, Netflix, and Comcast all put in bids last week, with Comcast and

Netflix eyeing the film and TV studios plus HBO.

Paramount Skydance wants the whole operation.

Warner kicked off a strategic review last month after receiving multiple unsolicited approaches

for either the full company or just the studio and streaming assets.

CNBC previously reported that management hopes to make a go-no-go call on a sale or split by

Christmas. In today's trading, Wall Street kept the rally going, with the Dow jumping more than

650 points up 1.43%. The S&P climbed 0.9%, and the NASDAQ added 0.67%. Eight of the 11

S&P sectors closed higher, led by health care.

Energy was the loan standout on the downside.

Among those active stocks, Bank of America reiterated its buy ratings on NVIDIA, AMD, and

Broadcom, amid reports that meta may augment NVIDia's GPUs with Google's TPUs.

Alibaba posted a strong revenue beat for Q3, with double-digit growth across its major

operating units, especially cloud intelligence. And HP tumbled after hours on a weak forecast

and plans to cut up to 6,000 jobs.

In other days of none, ahead of Thanksgiving, here are the turkeys gobbling up Wall Street's patients, the worst-performing S&P 500 stocks this year.

FI serve is down 70.1%. The trade desk is down 66.8%. Decker's Outdoor is down 57.8%. Lulu Lemon is down 53.9% year-to-date.

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