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Oxford Industries, Bark, Offerpad, Purple, and fuboTV Stocks Trade Up, What You Need To Know

OXM Cover Image

What Happened?

A number of stocks jumped in the afternoon session after markets rebounded following a sharp sell-off in the previous trading session as weaker-than-expected U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. 

The July Nonfarm Payrolls report revealed a gain of only 73,000 jobs, significantly below the 110,000 expected. Compounding the news, prior months' figures were revised downward by over 250,000 jobs. This data, indicating a cooling labor market, has led investors to dramatically increase bets on a September interest rate cut by the Federal Reserve, with the probability jumping to over 80% according to the CME FedWatch Tool. The prospect of lower borrowing costs typically stimulates economic activity and boosts consumer spending on non-essential goods and services, which directly benefits companies in the consumer discretionary space.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Zooming In On fuboTV (FUBO)

fuboTV’s shares are extremely volatile and have had 65 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 7 months ago when the stock gained 240% on the news that the company revealed a new streaming deal with Disney. Under the agreement, Fubo and Hulu + Live TV will collaborate to form a joint venture. Disney will hold a 70% stake in the new company, which will operate under the Fubo brand and be led by Fubo's management team. In a related move, Fubo announced the resolution of all legal disputes with Disney and ESPN concerning Venu Sports, a streaming platform previously planned by ESPN, Fox, and Warner Bros. Discovery. As part of the settlement, Disney, Fox, and Warner Bros. Discovery agreed to pay Fubo $220 million.

fuboTV is up 183% since the beginning of the year, but at $4.00 per share, it is still trading 26.8% below its 52-week high of $5.46 from January 2025. Investors who bought $1,000 worth of fuboTV’s shares 5 years ago would now be looking at an investment worth $405.58.

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