Opinions
Jim Cramer - Mad Money
fuboTV Inc.
FUBO-N
COMMENT
Jan 20, 2021
A bundled streaming play. He warned against this because it hit the end of its lock-up period in December. Also, a short-seller has targeted Fubo, though the stock popped 34% last Tuesday which hammered the shorts. Why? Fubo just bought a sports-betting company. What does streaming have to do with betting? He doesn't know why.
$30.150
Stock price when the opinion was issued
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DON'T BUY
Lock-up period expiring Fubo plunged after its recent lock-up ended. Fubo is a $60/monthly subscription streaming platform. It surged in November, then late-December it rallied 135% in one week, then plunged far. 80 million shares were released at the end of lock-up on Dec. 30 and swelled volumes. The stock has stabilized after announcing decent numbers last week. However, Fubo has become a battleground stock with analysts seeing upside vs. short-sellers who think it will tank. Avoid.
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PAST TOP PICK
(A Top Pick Feb 04/21, Up 98.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FUBO has triggered its $30 stop. We recommend covering the position now. Combined with the previous recommendation to cover 50% of the position, this will confirm a net investment return exceeding 58%
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