Despite recent quarterly earnings exceeding estimates, FOXA faces significant challenges from competitors like FuboTV and the impending launch of a new sports streaming service. I believe these factors will negatively impact FOXA’s performance in the near term, making it a candidate for a bearish position.

I purchased FOXA due to its strong Q4 earnings performance, dominance in cable ratings, and its strategic expansion in the UK streaming market, which indicate solid growth prospects and investor confidence.