What Happened?

A number of stocks fell in the afternoon session after the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.

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:

• Consumer Discretionary - Real Estate Services company Opendoor (NASDAQ: OPEN) fell 3.7%. Is now the time to buy Opendoor? Access our full analysis report here, it’s free.
• Consumer Discretionary - Media company fuboTV (NYSE: FUBO) fell 4.4%. Is now the time to buy fuboTV? Access our full analysis report here, it’s free.
• Consumer Discretionary - Apparel and Accessories company Movado (NYSE: MOV) fell 3.5%. Is now the time to buy Movado? Access our full analysis report here, it’s free.
• Consumer Discretionary - Education Services company Grand Canyon Education (NASDAQ: LOPE) fell 2.8%. Is now the time to buy Grand Canyon Education? Access our full analysis report here, it’s free.
• Consumer Discretionary - Home Furnishings company Leggett & Platt (NYSE: LEG) fell 3.9%. Is now the time to buy Leggett & Platt? Access our full analysis report here, it’s free.

Zooming In On fuboTV (FUBO)

fuboTV’s shares are somewhat volatile and have had 12 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 12 months ago when the stock dropped 22.2% on the news that the company reported weak fourth-quarter results, with next-quarter revenue guidance missing expectations and international subscriber numbers falling short of Wall Street's estimates. While revenue grew 8% year-on-year, this marked a slowdown from previous quarters due to weaker subscriber additions. Looking ahead, the first-quarter forecast isn't exactly reassuring, with a projected 4% drop in North American subscribers and flat revenue growth. This raises concerns about user retention and future expansion. The growth decline in the international market is expected to be much worse. Overall, the quarter was mixed: profitability improved, but slower subscriber growth and cautious guidance created uncertainty around future revenue expansion​.

fuboTV is down 53.5% since the beginning of the year, and at $1.21 per share, it is trading 70.5% below its 52-week high of $4.08 from November 2025. Investors who bought $1,000 worth of fuboTV’s shares at the IPO in October 2025 would now be looking at an investment worth $329.23.

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