|Day Low/High||71.60 / 74.68|
|52 Wk Low/High||52.09 / 142.00|
Deals by Penn National Gaming and Genius Sports are giving the gambling industry a boost, and here's what I see in the cards.
Boy oh boy was this a good tell! Check out and today - both are up over +5%! Jul 20, 2021 ' 12:14 PM EDT DOUG KASS Green in a Sea of Red (Part Deux) Yesterday I mentioned I often key on stocks that are green in a sea of red on weak days - in a "sea...
Yesterday I mentioned I often key on stocks that are green in a sea of red on weak days - in a "search" for good trading opportunities. Yesterday and were green and they are following through today.
I often look for stocks that are green in a sea of red - in order to isolate long trading rental opportunities in the days ahead. Two stocks - and - are notable today as potential near term trades on the long side.
DraftKings and Penn National Gaming are moving towards buying territory. Finally.
"Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." - Matthew 7:15 In a maturing bull market, contrarian views can be enlightening. I will again note how critical one should look at "Group Stink" espec...
* Price was not truth in March for the online betting outfits In early March, when Draft Kings traded at $74, I was considering a short sale. At that time, DKNG and Penn National were league leaders and everyone was Gaga at the GoGo over on line...
The next time you are shaken out because of the action I need you to remember these examples.
The fund is at a key spot technically, and there is real fear that if this spot cracks, what looks like a stretch of rough rapids could become a waterfall.
Here's what to wait for before going long.
I recently remarked that the league leading online gaming stocks look like they are rolling over. That includes Penn National Gaming and DraftKings . I wouldn't be buying... at current levels.
Some observations: * Ss over Ns. And the Russell is not crowing. (I added to my and shorts on the morning's strength). * Banks are lower in a sea of green this morning. It is my view that bank stocks are vulnerable after the runup. I will have a co...
* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...
Here's where I'm comfortable increasing equity exposure to this growing business.
Where there will be change with the FOMC will be in the economic projections, the first made since December.
Overall, I view this as a long-term buy-and-hold name.
The most important thing if you are a GameStopper is that you have to ponder how Unity is worth $29 billion and Activision is worth $79 billion.
What makes GNOG particularly interesting right now is that it has recently called its warrants.
This has given investors an opportunity to load up on small speculative names I love over the next 12 to 18 months.
There is potential to turn VZ from a stable telecom into a 'growthy' type name.
We're headed to Boom Town, so let me show you how to line up your ticket -- and the best picks for the great reopening.
There is a point where if longer-dated yields move high enough, defensive-minded investors will be drawn from equities to debt securities.
* I find a record low number of stocks that meet my standards for purchase today * Book mark this missive! * Stated simply... "You're betraying your whole life if you don't say what you think - and you don't say it honestly and bluntly." - Charles...
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
* There were many! Among my biggest mistakes included: * Selling ViacomCBS * Selling Disney , Facebook , Morgan Stanley and Goldman Sachs prematurely * Selling cannabis stocks * Shorting Apple * Not buying AAPL * Not sticking with my Zoom Video shor...
Sports gambling online isn't the pinnacle to profits. iGaming, or online casino games, are much more profitable.