LT Weekly: Mar 06, 2026
The market pressure continued this week with the S&P 500 falling -2% (worst week since Oct) and Nasdaq falling -1.2%. Geopolitical concerns were the main focus. Private credit concerns were also in the headlines this week along with mixed Jan retail sales, while ISM services rose to the highest level since Aug-22.
Fundamentally, see below for what we focused on in this edition.
- Earning Scorecard – Week 7
- Paramount Mgmt Provides More Color On Its Proforma Vision
- DraftKings’ Upcoming Secret Weapon…The Super App
- UMG Shares Are Not Crossing Over The Pond
- OpenAI and Anthropic Face Off Across the AI Landscape
- The “Streaming Wars” Settled Into More Of A Steady State in 2025
- Apple Moves Further Down The Price Curve, Targeting More Cost-Conscious Customers
- Versant Pleases The Street With A Big Buyback
- Grab Bag: Elliott Invests $1bn In Pinterest / OpenAI Reportedly In Talks With TTD About Ads / The Sphere Could Be Coming To Nashville
Finally, I wanted to flag that LionTree Advisors served as financial advisor to Axel Springer on its agreement to acquire Telegraph Media Group for £575m.
Have a restful weekend.
Best,
Leslie
Earning Scorecard – Week 7
We have officially reached the end of this (very long!) Q4 earnings season! In the seventh and final week, 14 stocks in our LionTree Universe reported, and stock reactions skewed negative, with 9 stocks trading down and 5 trading up.
While it was certainly a mixed bag of prints across sectors, we focused on Universal Music Group, which saw its stock fall -8.1% in reaction to its report (see Theme #4), while Versant which traded up +3.9% in reaction (see Theme #8).
The table below includes select mid- and large-cap TMT and consumer companies in our LionTree stock universe that reported this week.