Paramount Skydance's stock surges after a positive buy rating and a lucrative deal with the UFC, signaling strong growth potential. AST SpaceMobile skyrockets as it plans to launch a fleet of satellites to enhance global connectivity. Opendoor Technologies experiences a rally, fueled by an influential investor's bold announcement. The market's dynamics shift with insights into SPAC trends and the impact of celebrity investors, reflecting the ever-evolving landscape of stocks and real estate.
04:33
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Paramount Skydance Growth Thesis
Guggenheim upgraded Paramount Skydance citing growth in studios, streaming and sports as the core thesis.
The UFC rights deal and focus on long-term free cash flow justify the bullish outlook.
insights INSIGHT
UFC Rights Power Streaming Strategy
Paramount secured exclusive U.S. rights to broadcast UFC events in a $7.7 billion, seven-year deal.
That agreement aligns with management's push into premium sports to scale its direct-to-consumer offering.
insights INSIGHT
Ambitious Satellite Rollout
AST SpaceMobile plans to launch 45 to 60 satellites across 2025 and 2026 to extend cell coverage worldwide.
The company aims to eliminate dead zones so cell phones can work over oceans, deserts and remote areas.
Get the Snipd Podcast app to discover more snips from this episode
- Paramount Skydance Corp. (PSKY) shares are rising after the company is being started with a buy rating and $13 price target at Guggenheim, which sees strong prospects for the media company following the completion of the merger between Paramount Global and Skydance Media. The company is “investing in growth businesses (studios, streaming, sports),” scaling its direct-to-consumer streaming business, and “driving efficiency enterprise-wide with a focus on long-term free cash flow generation,” writes analyst Michael Morris. PSKY getting the rights for the Ultimate Fighting Championship “aligns with management’s goal of a global, scaled service and strategy of leaning into premium sports content."
- AST SpaceMobile (ASTS) shares climbed as much as 19% Tuesday after the satellite firm set out an ambitious plan to launch 45 to 60 satellites in 2025 and 2026. The firm also said it received two additional early-stage contracts for the US government.
- Opendoor Technologies (OPEN) shares rallied today after cryptocurrency investor and influential newsletter writer and podcaster Anthony Pompliano said he’d bought shares in the digital real estate firm. Shares rose as much as 16% Tuesday after Pompliano, chief executive officer of ProCap Acquisition Corp., said in a post on X he’s an investor in the $1.8 billion company. Pompliano is a former employee of Facebook, now known as Meta Platforms Inc., who hosts podcasts on business and investing, writes a daily newsletter to 260,000 readers and has 1.7 million followers on X. Tuesday’s gains mark the latest advance for the San Francisco, California-based company after it ended last month with a record 245% surge, climbing above $2 from just about 60 cents. The stock was at the center of July’s retail trader frenzy after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital Ltd, made a series of posts on social media encouraging buying. That sent shares flying by as much as 832% before paring gains, and sparked a broader rally in other highly-speculative names across the market.
Stock Movers