The breaking story on this hot stock

“Money is the best rule of commerce” ~ William Petty

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

The past fifteen months have marked some explosive opportunities in the stock market.

Some stocks have moved 1,000% or more in a matter of days or weeks, oftentimes to the surprise of many hedge funds and institutions on Wall Street.

One of the hottest trending momentum stocks amongst traders and investors through the last few months has been Fubotv Inc (FUBO).

Known for its ability to quickly double in price-per-share, FUBO’s prime for the bulls may have come to a short-term pause.

Stock Market Alert: Move your money in early 2021 (sponsored)

This morning, Pomerantz LLP announced a class action lawsuit filing against FUBO and certain officers of the company.

Pomerantz LLP stated they believe officers of FUBO have violated certain federal securities laws.

As we analyze TrackStarIQ data, we can notice that FUBO is ranking #7 on surging traffic amongst financial professionals with $1B+ in assets under management.

FUBO is a multichannel video programming distributor, offering subscribers access to thousands of live sporting events as well as news and entertainment content.

FUBO’s platform is known for allowing customers to access content through streaming devices, and on SmartTVs, mobile phones, tablets, and computers.

It streams its services to the United States, Canada and Spain.

In its regulatory filing and public statements, FUBO positions itself as a content distributor which enables customers to cut cable and cost-effectively transition to their platform as an alternative.

TrackStarIQ Data

Here are some of this week’s highlights…

RANKTOP SEARCHES BY FAs (Surging Traffic) This Week [STOCKS]TOP SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) This Week [STOCKS]TOP INDUSTRY SEARCHES BY FAs (Surging Traffic) This Week [EQUITIES]TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) This Week [EQUITIES]
1MORFXTNTStaffing & Outsourcing ServicesPaper & Paper Products
2VACQRKTBanks – Regional – USComputer Hardware
3SATSAMTXCopperOil & Gas Refining & Marketing
4NNVCMVISAircraftThermal Coal
5VACQUCRMDSurgical and medical instrumentsConfectioners
6NOSUFFUBOPackaging & ContainersSecurity & Protection Services
7JCSFUBOAgricultural Production-CropsRecreational Vehicles
8BGCRMDUtilities – RenewableTelephone communication, except radio
9APENSHOPInvestment adviceRestaurants
10LQMTMORFPharmaceutical preparationsREIT – Industrial
11TVIXFSOSTruckingOther Industrial Metals & Mining
12XAUMFSOSBeverages – Wineries & DistilleriesEducation & Training Services
13NNNLIXTUtilities – Independent Power ProducersREIT – Hotel & Motel
14OTRKFRSXMedical Instruments & SuppliesShell Companies
15MHKFSRFurnishings, Fixtures & AppliancesIndustrial Distribution
16MNPPOMERMotion picture and video productionInformation Technology Services
17NSPTATNXInsurance – DiversifiedDiscount Stores
18FGENLBMedical DistributionScientific & Technical Instruments
19TLGRFLIXTBroadcastingLuxury Goods
20BYDDYOTRKServices-Amusement & Recreation ServicesFinancial Conglomerates

What We’re Reading:

  1. A celebration of diversity
  2. Rocket companies downgraded
  3. Game On: GameStop’s CFO resigns

What We’re Watching:

The Smart Money are looking at Sonos…

Smart speakers are all the rage, and it’s a trend that doesn’t show any signs of slowing down.

Details in this new video.

What We’re Liking (Sponsored):

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-InvestingChannel

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