The Streaming Stock Wall Street is Talking About

“Happiness is not the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” ~ Franklin D. Roosevelt

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

Shares of a streaming platform stock have been making parabolic moves lately, and it’s not Netflix.

Headquartered in New York, FuboTV Inc (FUBO) is a streaming platform with more top Nielsen-ranked sports, news and entertainment platforms than any of its competitors.

FuboTV offers subscription-based services through which it provides basic plans that allow users the flexibility to to purchase add-ons and features they prefer.

Is Apple Stock a Buy or Sell? (Sponsored)

This means well-established streaming platforms such as Netflix, Amazon Prime and Hulu have a new competitor in their marketplace, and based on FUBO’s recent price action, it would appear that financial professionals know that.

After rising as much as 26% per day in December’s trading sessions due to positive press releases, FUBO received a surprising downgrade from BMO capital, which led to a 24% decrease in the stock price.

It may come as no surprise that FUBO received potentially record-high attention from financial professionals last week, which could explain why the stock is ranking #7 on top searched stocks.

While FUBO is a “new normal” stock due to the stay-at-home mandates and measures which were implemented in 2020 due to COVID-19, parabolic moves on similar companies have taken place in recent months as well.

In a world in which physical retailers have struggled, we’ve seen internet retailers take over the mindsets and spending habits of consumers.

A popular internet retail name in is Amazon (AMZN), and consumer demand for using this company’s services can be reflected by the stocks 50%+ increase in price-per-share over the last year.

We’ve noticed consistent growth in the sentiment of the internet retail industry amongst financial professionals in recent months, and it is ranking #2 in top industry searches by FAs last week.

TrackStarIQ Data

Click to view highlights from FA searches this past week…

RANKTOP SEARCHES BY FAs (Total Traffic) Previous Week [STOCKS]TOP SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [STOCKS]TOP INDUSTRY SEARCHES BY FAs (Total Traffic) Previous Week [EQUITIES]TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [EQUITIES]
1JDBLNKBiotechnologySpecialty Retail
2BNGOZOMInternet RetailDrug Manufacturers – Specialty & Generic
3AAPLIWSYSoftware – ApplicationPrepackaged software
4TSLAACYDiagnostics & ResearchRental & Leasing Services
5OCGNWFCAuto ManufacturersBanks – Diversified
6BABASQInternet Content & InformationSoftware – Infrastructure
7FUBOBABASemiconductorsInternet Retail
8NIOLCADrug Manufacturers – Specialty & GenericConglomerates
9NNDMQEPCConglomeratesCutlery, Handtools & General Hardware
10KTELAMDSpecialty ChemicalsSemiconductors
11AMRSFULOConsumer ElectronicsTelephone communication, except radio
12GEVOUMCSoftware – InfrastructureSemiconductors
13ACYBTBTEntertainmentMarine Shipping
14ALPPBNGOSpecialty RetailDiagnostics & Research
15MARASNDLComputer HardwareDrug Manufacturers – Specialty & Generic
16SRNEKTELMedical DevicesCommunication services, misc
17AMZNNETECredit ServicesSoftware – Infrastructure
18FCELASTIOil & Gas E&PSemiconductors
19SNDLTSLAElectrical Equipment & PartsAuto Manufacturers
20ESASTICapital MarketsSemiconductors and related devices

What We’re Reading:

  1. Under Armour upgraded to Buy from Hold at Pivotal Research
  2. Bernstein downgraded Boeing to Underperform on worsening 787 outlook
  3. MGM makes new offer to acquire gaming company Entain, WSJ reports

What We’re Watching:

It may come as a sigh of relief to many that 2020 is now behind us.

That said, the stock market made multiple record-breaking moves in 2020, including ending the year at an all-time high.

We felt in review of 2020 would be beneficial to you.

So, we made you this video.

What We’re Liking (Sponsored):

-InvestingChannel

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