Last week, our robots experienced a minor correction, dropping by around -2%, due to a high level of uncertainty in the market. Historical trading data shows that robots tend to trade better and continue to grow after such pullbacks. These corrections should be utilized when selecting new robots. We recommend considering the following robots: Swing Trader, Popular Stocks ($4K per position): Short Bias Strategy (TA&FA) (-1.28% for the week), Swing Trader, Popular Stocks ($5K per position): Advanced Hedging Strategy (TA&FA) (-1.46% for the week), and Day Trader ($3.5K per position): High Volatility Stocks for Active Trading (TA&FA) (-1.91% for the week).

Over the past week, the Swing-trader-Deep-Trend-Analysis-v-2-TA robot earned more than 5% on FUBOTV (FUBO, $1.24) stocks. Last year's significant sell-offs had a significant impact on the decline of a large number of stocks. After a prolonged period of consolidation, many of these stocks are attempting to rebound, creating very strong volatility and allowing for quick profits to be made. Therefore, it is recommended to keep an eye on stocks priced around $1 to quickly profit from signals generated by our robots.

The best AI trading robot in our robot factory, Trend Trader: Popular Stocks (TA&FA), generated a return of 6.48% for FUBO during the past week.

FuboTV  reported better-than-expected revenue in the first quarter, on the back of solid subscriber growth.

The streaming service company’s first-quarter revenue grew +135% year-over-year to $119.7 million, beating analysts’ expectations of $103.6 million."

 

 

Streaming television company fuboTV  got an extremely optimistic outlook from analysts at Needham. 

While analysts at Needham maintained their  buy rating, they doubled their price target on fuboTV shares to $60 per share. 

Analyst Laura Martin noted that they view FUBO as an “inexpensive” option for public investors to participate in the US consumer shift toward OTT and Streaming TV.

CBS Corp. posted third quarter earnings that beat expectations.But ad revenues were -7% lower, compared to last year. In December, CBS is expected to complete its $30 billion merger with Viacom Inc.

Its loss was in line with analysts’ consensus estimates. Scripps' quarterly revenue of $337.5 million came in higher than the year-ago quarter’s $283.4 million.The figure was also higher than the $335 million that analysts surveyed by FactSet had expected. Revenue from local media was $237 million, +11% higher compared to the same quarter a year ago, while national media revenue was $98.5 million, marking an increase from $68.2 million last year. CEO Adam Symson seems sanguine about Scripps' M&A strategies.

CBS and Viacom are reportedly not yet ready to announce a merger – atleast not by Thursday when CBS reports its quarterly earnings. According to a CNBC report, sources familiar with matter indicated that the media giants are still deliberating/negotiating on the exchange ratio for the merger.Speculations are rife that a deal could be announced in the coming days. Shari Redstone, vice chairwoman of the board at CBS and Viacom, has suggested for a deal that boosts the combined company’s position in the media market and allow it to compete better with tech behemoths (including Amazon and Apple) for entertainment and sports rights, like the National Football League.  CBS currently owns NFL broadcast rights until 2022 – it is apparently determined to do what it takes to renew them. The merger, if goes through, is expected to see Viacom CEO Bob Bakish take over as CEO of the combined company, according to sources (as mentioned by CNBC). 

American broadcasting giant Nexstar Media Group is set to overtake its arch rival, Sinclair Broadcast Group, (SBGI) which is currently the largest US local TV operator.Additionally, this deal would also give Nexstar access to the Food Network, where Tribune has a stake along with access to a number of websites which Tribune owns.