Friday, November 22, 2024
I don’t know if I am amused or appalled by how much a gambling mentality has taken over much of our lives. For example, I recently noticed that NFL football analysts spent as much time on the betting spread as they spent discussing teams’ potential to win or lose. You see and hear gambling terms […]
Shares of DraftKings (DKNG) have rebounded from recent lows reached when the company reported mixed first-quarter earnings in early May. The mid-March 52-week peak had reached $74.38 before a severe backtest towards the $40 level just two months later. The company reported a loss of $0.80 per share, versus forecasts for red ink at $0.42. […]
The financial markets got something of a shock last week, with a higher-than-expected consumer price index (CPI) print. The CPI is a popular measure of consumer prices, so a spike in CPI suggests inflation. On the day of the CPI print, stocks sold off sharply. Clearly, investors were spooked by the specter of looming inflation. […]
Gambling stocks struggled in 2020 as companies with large physical casinos experienced dramatic declines in revenue and earnings due to the coronavirus pandemic. However, the sector has shown strength throughout 2021 so far, as a number of positive developments are coming into play. While the advancements in coronavirus vaccine development have been a welcome relief […]
