Hot Stocks for Traders- Update

January 10, 2025

DENVER, Colo., Jan 10, 2025 (247marketnews.com)- FuboTV (NYSE:FUBO) is a hot stock that continues to hold most of its gains since this week’s Disney (NYSE: DIS) announcement. Disney’s Hulu + Live TV business combining with Fubo, with Disney becoming 70% owner of the resulting company. The resulting virtual MVPD will operate under the Fubo publicly traded company name and ticker symbol.

Fubo’s management team will lead the combined Company. Fubo and Hulu + Live TV will remain available as separate offerings.

Fubo set a new 52-week high, $6.45, this week. Today’s low is $5.07.

Fubo Co-founder and CEO David Gandler, commented, “We are thrilled to collaborate with Disney to create a consumer-first streaming company that combines the strengths of the Fubo and Hulu + Live TV brands. This combination enables us to deliver on our promise to provide consumers with greater choice and flexibility. Additionally, this agreement allows us to scale effectively, strengthens Fubo’s balance sheet and positions us for positive cash flow. It’s a win for consumers, our shareholders, and the entire streaming industry.”

Brera Holdings (NASDAQ: BREA) announced today that the Company now owns over 34 % of SS Juve Stabia.

SS Juve Stabia, a storied Italian Serie B Football Club, which Brera agreed to purchase 52% total stake. Shares started accumulating and are moving up on this news. Shares are currently trading under $1 and have been known to move quickly on press events. 

Science Direct’s Sports Economics Review stated the rewards for a promoted second tier side have lasting impacts and estimated to add $238-$280 million in value over the next 7 years. Similar negative results follow the unlucky relegation teams.

Daniel McClory, Executive Chairman of Brera stated, “This expanded ownership stake demonstrates our commitment to building a leading multi-club ownership platform. Juve Stabia’s rich history and competitive potential align perfectly with our strategy to scale operations and drive long-term value. We’re excited to support the club’s continued growth and success in Serie B alongside President Andrea Langella.”

VerifyMe (NASDAQ: VRME) and DatChat (NASDAQ: DATS) join FuboTV as listings that set new 52-week highs.

VerifyME shot up to $9.34, but pulled back pretty hard. It opened this morning at $3.30 and clawed back a bunch of its lost gains.

DatChat raced to $3.49 and it trying to hold some of those gains.

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