Why Fox Corporation (FOX) Went Up On Monday?

We recently published a list of 10 Firms Kick Off Trading Week Stronger. In this article, we are going to take a look at where Fox Corporation (NASDAQ:FOX) stands against other firms that kicked off the trading week stronger.

The stock market began the trading week on a mixed note as investors continued to digest President Donald Trump’s new tariff agenda, with all economies expecting to be hit by import taxes.

Among all major indices, only the Nasdaq registered losses, down 0.14 percent. In contrast, the Dow Jones jumped by 1 percent while the S&P 500 grew by 0.55 percent.

Despite the broader market downturn, 10 individual stocks stood their ground, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.

In this article, we named Monday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

An artist at a sound stage surrounded by the latest equipment, creating content for the major cable network programming.

Fox Corp. grew its share prices by 3.42 percent on Monday to end at $56.60 apiece as investors bought up on news that it attracted 125 new blue-chip advertising companies since the US election.

In a news interview, FOX President for Ad Sales Jeff Collins said: “Historically, after an election, networks will see ratings dips. When we saw an acceleration in ratings, we saw new advertisers coming in.”

More advertisers are now joining the network after suffering a pullback in 2018 following a comment from its former host Tucker Carlson about immigrants making the US “poorer and dirtier” that spurred huge advertisers such as T-Mobile to pull ads from his program.

Consumer goods company Procter & Gamble also stopped running ads during Carlson’s nightly show but returned to the same slot in 2023 when he was ousted from Fox.

According to Collins, the network is partly benefiting from a decline in the more expansive traditional television universe, with audiences preferring online.

Overall, FOX ranks 8th on our list of firms that kicked off the trading week stronger. While we acknowledge the potential of FOX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as FOX but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.