Winners Update: $PTON, $FUBO

Last Month, we identified 2 stocks that looked oversold based on our data: $PTON and $FUBO. PTON shares had taken a beating following the recall of 125,000 treadmills  However, underlying consumer Mentions showed continued strength – Shares have rallied by +34% since then.

Although the lockdown-induced Demand surge has calmed, Pelton continues to show strong retention. Purchase Intent Mentions are trending +252% vs. 2019 in the current quarter (ending 6/30). In the same report, we reiterated our long-term bullish outlook on the OTT streaming provider FuboTV (FUBO). Shares of FUBO have also experienced an impressive resurgence in the past month, up +76% since May 6th.

Based on the ongoing strength seen in Purchase Intent Mentions, we're maintaining our bullish outlook on both names.