$FuboTV (FUBO.US)$'s options volume jumped more than 10-fold as the stock soared after the company agreed to combine with$Disney (DIS.US)$'s Hulu+ Live TV business. Shares jumped 11% to $5.57 by noon Tuesday, extending its 251% surge the previous day when the deal was announced. Under the agreement, Fubo, which will own 30% of the combined virtual multichannel video programming (MVPD) company, will operate the new entity. Togeth...
We saw the major U.S. equities indexes hesitated as the Federal Reserve kicked off its final two-day policy meeting of 2024. While the central bank is widely expected to announce a third consecutive interest rate cut on Wednesday afternoon, investors are likely preparing to comprehend the message and language in the accompanying statement and the subsequent press conference with Fed Chair Jerome Powell for suggestions about what is in store for ...
The Federal Reserve on Wednesday implemented its first rate cut in over four years, reducing the benchmark rate by 50 basis points to a range of 4.75%-5%. The move surpassed Wall Street's expectations. Analysts had generally anticipated a 25 basis point cut, while the futures market had priced in a 61% probability of a 50 basis point cut and a 39% probability of a 25 basis point reduction. Market Response to First Rate Cut St...
Paul 1968
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The labor market is not strong, it's election time and they want everything to look good so that they can keep the one's in power right where they are at.
The communication services sector was among the best performers in 2023 and has maintained its growth into 2024. By September 2024, it had surged 28% over the past year, outperforming the broader tech industry. It has risen by 18% yearly, trailing only the utilities and financial sectors. Thanks to the strong performance of the communications services sector this year, the US stock market faced the potential "September Curse" on Tuesda...
$FuboTV (FUBO.US)$is seeing the heaviest options trading volume in two years after a court granted the company's request for an injunction that temporarily blocks the rollout of rival streaming service Venu Sports offered jointly by$Disney (DIS.US)$, Warner Bros Discovery and$Fox Corp-A (FOXA.US)$. FuboTV's options volume jumped to 182,630 as of 12:19 p.m. in New York Monday. That would be the highest s...
Morning Movers Gapping up $ShockWave Medical (SWAV.US)$stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. The transaction would boost J&J’s portfolio of cardiovascular disease treatment devices. $Krispy Kreme (DNUT.US)$stock rose 5.3% after Piper Sandler upgraded its stance on the doughnut chain to 'overweight' from 'neutral’, saying its national partnership with McDonald’s (NYSE:MCD) could...
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Shares jumped 11% to $5.57 by noon Tuesday, extending its 251% surge the previous day when the deal was announced. Under the agreement, Fubo, which will own 30% of the combined virtual multichannel video programming (MVPD) company, will operate the new entity. Togeth...
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The move surpassed Wall Street's expectations. Analysts had generally anticipated a 25 basis point cut, while the futures market had priced in a 61% probability of a 50 basis point cut and a 39% probability of a 25 basis point reduction.
Market Response to First Rate Cut
St...
Thanks to the strong performance of the communications services sector this year, the US stock market faced the potential "September Curse" on Tuesda...
FuboTV's options volume jumped to 182,630 as of 12:19 p.m. in New York Monday. That would be the highest s...
Gapping up
$ShockWave Medical (SWAV.US)$ stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. The transaction would boost J&J’s portfolio of cardiovascular disease treatment devices.
$Krispy Kreme (DNUT.US)$ stock rose 5.3% after Piper Sandler upgraded its stance on the doughnut chain to 'overweight' from 'neutral’, saying its national partnership with McDonald’s (NYSE:MCD) could...
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