“Money is the best rule of commerce” ~ William Petty
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.
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.
Here are some of this week’s highlights…
|RANK||TOP 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]|
|1||MORF||XTNT||Staffing & Outsourcing Services||Paper & Paper Products|
|2||VACQ||RKT||Banks – Regional – US||Computer Hardware|
|3||SATS||AMTX||Copper||Oil & Gas Refining & Marketing|
|5||VACQU||CRMD||Surgical and medical instruments||Confectioners|
|6||NOSUF||FUBO||Packaging & Containers||Security & Protection Services|
|7||JCS||FUBO||Agricultural Production-Crops||Recreational Vehicles|
|8||BG||CRMD||Utilities – Renewable||Telephone communication, except radio|
|10||LQMT||MORF||Pharmaceutical preparations||REIT – Industrial|
|11||TVIXF||SOS||Trucking||Other Industrial Metals & Mining|
|12||XAUMF||SOS||Beverages – Wineries & Distilleries||Education & Training Services|
|13||NNN||LIXT||Utilities – Independent Power Producers||REIT – Hotel & Motel|
|14||OTRK||FRSX||Medical Instruments & Supplies||Shell Companies|
|15||MHK||FSR||Furnishings, Fixtures & Appliances||Industrial Distribution|
|16||MNPP||OMER||Motion picture and video production||Information Technology Services|
|17||NSPT||ATNX||Insurance – Diversified||Discount Stores|
|18||FGEN||LB||Medical Distribution||Scientific & Technical Instruments|
|20||BYDDY||OTRK||Services-Amusement & Recreation Services||Financial Conglomerates|
What We’re Reading:
What We’re Watching:
The Smart Money are looking at Sonos…
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What We’re Liking (Sponsored):
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