Diamonds and Dogs
FuboTV (FUBO) scores. The "skinny-bundle" virtual cable service heavy on sports channels is up 23% following better than expected earnings. FuboTV is losing money but did see acceleration in subscriber growth. The company also raised guidance thanks to a growing sports calendar, busy news cycle and the secular decline of traditional TV viewership.
Datadog (DDOG) in the doghouse. The data analytics company is down 11% following earnings. Datadog actually made money as sales rose 61% to $154.7 million verse estimates of $144.33 million. But with a market cap of $24 billion, investors are taking profits due in part to the sky-high valuation.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.