Fox Gains from Potential TikTok Deal Linkage
-7.41%current return
"So ticker FOX. Those shares are up today, 1.9%. And that is because there is some suggestion from President Donald Trump that Fox Chairman Lachlan Murdoch and his father Rupert are involved in this TikTok deal. Bloomberg Intelligence weighing in and saying that ownership in TikTok could give Fox a foothold in social media because now linear TV is facing secular challenges."
— Paul Sweeney / Scarlett Fu / Christine Aquino
Discussion suggests that Fox (ticker FOX) might benefit from potential involvement in the TikTok deal, which could give the company a foothold in social media amid long-term challenges for linear TV. Although not an explicit trade call, the commentary implies a potential positive catalyst for the stock.
Company CommentaryBullish Medium ConvictionScore: 7.6
Company Opinion •Stock Movers • about 1 month ago