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Daily Halftime Report: FUBO - Long PlayFUBO broke out to $4.99 this morning after announcing an agreement to combine their Online Live TV Businesses, creating a new venture with the merge that would position Disney with 70% Ownership | Fubo with the remaining 30%. This will prompt FuboTV to drop it's legal claims against Disney also. I'm looking for a potential entry at $3.69 after seeing it peak at $4.99, with a price target of $8.14 over time until the merger is completed, with confirmation of close above $3.81 on the stock. MT-Newswire: 08:31 AM EST, 01/06/2025 (MT Newswires) -- Walt Disney (DIS) and streaming provider FuboTV (FUBO) are nearing an agreement to combine their online live TV businesses, Bloomberg reported Monday, citing sources familiar with the discussions. Under the deal, Disney will merge its Hulu + Live TV business into Fubo, creating a new venture that would be 70% owned by Disney and 30% by Fubo, Bloomberg reported. The transaction excludes Hulu's subscription video-on-demand business, which allows users to stream content on-demand for a fee, the report said As part of the deal, Fubo is expected to drop its legal claims against Disney, Fox (FOX), and Warner Bros. Discovery (WBD) over Venu Sports, Bloomberg said. Fubo, which had a market value of about $481 million as of Friday, will remain publicly traded after the deal, which could be announced as soon as this week, according to the report. Representatives for Disney and Fubo didn't immediately respond to MT Newswires' requests for comment. FuboTV shares soared by more than 60% in premarket trading, while Disney was little changed.
NYSE:FUBOLong
by MyMIWallet
FUBO: Still calling this the Bottom. Divergences galore. On July 10th I called a bottom on Fubo when price struck $25.54. Since then, we have seen price dip as low as $24.60. However, I am still standing firm that Fubo has bottomed. As you can see there are key divergences in MACD and RSI, indicating that a shift in trend is about to take place. Also, the Russell 2000 is presently sitting on the confluence of a 6-month and 16-month support trend lines, which suggests that small caps as a whole will bounce over the next few weeks. Fubo could reach $80 by October
NYSE:FUBOLong
by TomDaSpankEngine
FUBOA move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.
NYSE:FUBOLong
by SmoothJB