S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)

Fox Corporation Stock is Getting Attractive Here

Fox Corporation Stock is Getting Attractive Here News and Sports media company Fox Corporation (NASDAQ: FOXA) stock has sold off in sympathy with the fallout in ViacomCBS (NYSE: VIAC) shares. While Fox shares may have also risen in sympathy with ViacomCBS, the sell-off may have been unwarranted unless the industry is repricing itself. In addition to its brands FOX News, FOX Sports, FOX Entertainment, and FOX Television Stations, the Company also has stakes in sportsbetting and iGaming through its 2.5% stake in Fan Duel’s parent company Flutter Entertainment (OTCMKTS: PDYPY) while building its Fox Bet free-to-play membership over 4 million players. The continued lifting of COVID-19 restrictions accelerated by the vaccine rollout enables more live sports events to make Fox a valid re-opening play. Shares faced tremendous volatility when peer ViacomCBS stock collapsed in March 2021. Risk-tolerant investors seeking a long-term value play can monitor opportunistic pullback levels of ViacomCBS to consider taking exposure.

Q4 2020 Earnings Release
On Feb. 9, 2021, Fox Corporation released Q4 2020 results for the quarter ending in December 2020. The Company reported earnings per share (EPS) of $0.16 excluding non-recurring items, beating consensus analyst estimates of (-$0.04), by $0.20. Revenues grew 8.2% year-over-year (YoY) to $4.09 billion, beating analyst estimates by $100 million.


Conference Call Takeaways    
Fox CEO, Lachlan Murdoch, set the tone, “The news cycle also continued to connect engaged audiences to various FOX News Media platforms: linear, digital, radio and streaming for news, analysis and opinion. In fact, the FOX News Channel finished the quarter with the highest average prime time ratings in the history of cable news.” He went on to note they expect the overall news audience will normalize but share ratings will remain dominant. FOX Sports and live events and Tubi post-election will drive growth as demonstrated by FOX clocked 170 billion minutes of live sports viewing in Q4, over 50% more than “the next competing network”. The NFC Championships had 45 million viewers. The return of live sports helped to bolster FOX Bet with nearly 3 million new players during the NFL season, “FOX Bet Super 6 now has a user base in excess of 4.3 million players and continues to be the biggest free-to-play game of its kind in the country.” The Company continues to leverage Fox Bet and Super 6 non-sports contests which include Stock Market Challenge, weekly Quiz Show and more to bolster viewer engagement. The combined viewership of all the FOX brands have resulted in 330 million average monthly users, up 30% YoY.

Tubi Platform
The Tubi streaming platform is expected to double revenues to $300 million in the current fiscal year and become a $1 billion business in the coming years. CEO Murdoch also unscored, “Tubi is an exciting growth engine for the company and a key strategic platform for not only our digital expansion, but also our broader reimagining of Fox’ broadcast model for the future… Tubi is an investment in what we internally call the broadening of broadcast, meaning the FOX Network and Tubi combining seamlessly to create a modern network-inspired business.” The addition of The Masked Singer added reach for advertisers and delivered significant view time on the platform. The advanced advertising tool helped an insurance company advertise to 100,000 more households within the same ad buy, by reducing over frequency. This resulted in multimillion-dollar ad payments to Tubi in 2021 and also a new FOX advertiser. Tubi is a magnifier of growth that enables the FOX brand to bolster the true network effect. With a modest P/E of 14.6 and a recent sell-off due to the ViacomCBS contagion, prudent investors can watch for opportunistic pullback levels on this long-term value play to gain exposure.  

Fox Corporation Stock is Getting Attractive Here  

FOXA Opportunistic Pullback Levels  
Using the rifle charts on weekly and daily time frames provides a near-term view of the landscape for FOXA stock. The weekly rifle chart uptrend peaked at the $44.80 Fibonacci (fib) level. The weekly 5-period moving average (MA) stalled at $40.22 with a rising 15-period MA at the $34.06 fib. The weekly stochastic stalled at the 80-band as shares collapsed in sympathy with fallout in media stocks triggered by the VIAC implosion. The daily market structure low (MSL) triggers above $36.73, while a weekly market structure high (MSH) sell triggers below $35.33. The daily rifle chart is in a downtrend with 5-period MA at $36.91 with lower Bollinger Bands (BBs) at $34.28. The daily stochastic made a full oscillation down through the 20-band. Risk-tolerant investors can monitor opportunistic pullback levels at the $34.81 fib, $34.06 fib, $32.35 fib, $31 fib, and the $29.92 fib. Upside trajectories range from the $40.61 fib upwards to the $46.04 fib level.     

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
FOX (FOXA)
2.5462 of 5 stars
$36.50+0.2%1.32%17.30Hold$41.30
Compare These Stocks  Add These Stocks to My Watchlist 

Should you invest $1,000 in FOX right now?

Before you consider FOX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.

While FOX currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Most Read This Week

Recent Articles

Search Headlines:

Latest PodcastInvesting in What You Know Has Changed

What investors can learn from studying the past, as well as offering some ideas about asset classes with future potential.

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.