US Stock Market Move | FuboTV (FUBO.US) rose nearly 30% with a trading volume exceeding 58.02 million.

23:01 19/08/2024

As of the time of reporting, the stock has increased by nearly 30%, trading at $1.96.

On Monday, the sports streaming platform FuboTV (FUBO.US) opened high and rose, with the stock rising nearly 30% to $1.96 as of press time, with a trading volume of over 58.02 million. On the news front, three media giants, Walt Disney Company (DIS.US), Fox (FOX.US, FOXA.US), and Warner Brothers Discovery (WBD.US), proposed to launch a sports streaming service called Venu Sports, which was met with a temporary injunction by a US district judge. In February of this year, FuboTV filed a lawsuit against several major media companies, alleging that monopolistic practices would hinder competition and raise consumer prices.

China Securities Co., Ltd.: Hong Kong stock market is undergoing a midterm adjustment rather than coming to an end. Seize the opportunity to go long for the first time this year.

Hon Hai's Q1 revenue increased by 29.68% compared to the same period last year. It is expected that Q2 sales will increase both sequentially and year-on-year.

EB SECURITIES: Shanghai Electric Group (02727) continues to make breakthroughs in emerging industries such as 25 years of nuclear fusion and Siasun Robot & Automation. We maintain a "buy" rating.

China Securities Co., Ltd.: Hong Kong stock market is undergoing a midterm adjustment rather than coming to an end. Seize the opportunity to go long for the first time this year.

Hon Hai's Q1 revenue increased by 29.68% compared to the same period last year. It is expected that Q2 sales will increase both sequentially and year-on-year.

EB SECURITIES: Shanghai Electric Group (02727) continues to make breakthroughs in emerging industries such as 25 years of nuclear fusion and Siasun Robot & Automation. We maintain a "buy" rating.