Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge of the situation told CNBC the sell-off was due to forced liquidation of positions held by Archegos Capital Management. Discovery gained 4.4% in premarket trading, while Viacom rose 2.5%.
Goldman Sachs (GS), Credit Suisse (CS), Nomura (NMR) – Goldman told shareholders that any losses it faces from the unwinding of trades by Archegos Capital Management are likely to be immaterial, according to a person familiar with the matter who spoke to Bloomberg.
