The Fitness Stock No One is Talking About
Peloton is getting all the attention as the superstar of Connected Fitness, but the future of exercise is not a winner takes all business. It's time to start taking notice of Bowflex owner Nautilus, which is participating significantly in the workout-from-home trend and is transitioning to digital fitness.
Disney Needs the NBA and NFL
Sports fans are loving the overlap of NBA playoff basketball and working from home, but no one loves it more than ESPN and Disney, which is the media company that can gain the most from the return of live sports.
No College Sports This Fall Would Hurt These 3 Stocks the Most
The widespread cancellation of all collegiate sports in the fall due to COVID-19 would be most damaging for Disney, Fox, and Viacom, according to Guggenheim Securities.
DraftKings News Flow: Fresh Capital, Legalization Roadmap, COVID-19 Surge
California is the big prize for online sports betting, but the path to legalization has recently become a little less clear. Plus, investors, driven by the optimism for the return of sports, have piled into DraftKings stock but a resurgence in Coronavirus is making the future of sports more difficult to predict.
Manchester United’s Financial Stability, Prowess On the Pitch Make its Stock a Winner
Have you ever wanted to be an owner of a sports team, but couldn’t scrape up the millions or billions of dollars it takes to purchase one? Well, for less than $20, you can be a part-owner in Manchester United, and Jefferies analyst Randy Konik recommends purchasing MANU stock.
The ‘Hidden Value’ of Amazon’s Media Business
Amazon’s media businesses today are worth about $500 billion, or 38% of the internet giant’s total value, according to new analysis from Needham. Analyst Laura Martin, who initiated coverage of the stock Wednesday with a $3,200 price target, says Amazon’s media assets are 90% as valuable as AWS, “but these revenue streams are somewhat ‘hidden’ since AMZN doesn’t break out their revenue or operating income.”
DraftKings vs. FanDuel: The Fight for Market Share
Unsurprisingly, sports betting handle and revenue have cratered significantly as the entire sports industry was sidelined by COVID-19, but the quiet stretch will likely prove to be the calm before the storm between DraftKings and FanDuel.
Why It Might Not Be Too Late to Buy DraftKings Stock
Canaccord Genuity raised its price target for shares of DraftKings to $50 from $35 and reiterated its BUY rating on Wednesday, citing platform engagement and potential for accelerated sports betting legalization.
Hibbett Sports Upgraded by Susquehanna, PT Hiked to $25
Hibbett Sports is immune to the downfall of malls, according to Susquehanna. Analyst Sam Poser notes Hibbett Sports is largely protected from the declining health of malls, giving the retailer a distinct advantage over competitors.
Foot Locker Desperate for the Return of Malls and Basketball
Basketball is at the core of Foot Locker’s business and malls are the key to getting the latest sneakers into the hands of consumers. The pause of basketball across the country, combined with anemic foot traffic to malls, is putting massive pressure on the sports retailer’s business.
No Sports, No Problem: Investors Roll the Dice on DraftKings
DraftKings said in its earnings report it does not anticipate COVID-19 having a long-term impact on its business. The daily fantasy sports and sports betting company is leaning on new products including table tennis and fantasy Korean baseball as it waits for major sporting events to return.
Golf as a Safe Haven Investment
Callaway Golf finds itself in a unique position as sports around the world are put on hold in an effort to abide by social distancing requirements.