fuboTV: A Monster Streaming Service in the Making?

Shares of fuboTV (NYSE: FUBO), provider of a sports-focused live streaming service, soared on Monday. The stock finished the trading day about 13% higher than where it traded at the end of last week. The move higher extends a bullish run recently. Shares of the growth stock are up 77% over the past 30 days.

The stock's move on Monday came as fuboTV announced that its streaming channel would now be available on LG Smart TVs in the United States. The partnership adds to fuboTV's notable business momentum recently, including strong subscriber growth and new content agreements. fuboTV's rapid and consistent execution continues to challenge one bear case against the company, which argues that the company may not have a meaningful competitive advantage since it's primarily just aggregating content.

Image source: fuboTV.

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Source Fool.com