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Dear Fellow Investor,
With March Madness just a few short weeks ahead, investors may want to bet on gambling stocks again, just as many did with the Super Bowl.
In 2024, it was estimated that just under $3 billion was wagered on the game. This year could see about the same, which could provide a big boost for gambling related stocks, such as:
Company: DraftKings (SYM: DKNG)
Oversold, DraftKings has a history of running with March Madness.
This year should be no different. Plus, as detailed in its recent earnings report, the company added 800,000 new customers in its most recent quarter. That was significantly higher than the 500,000 that signed up year over year.
Mode Mobile
Today’s Fastest Growing Company Might Surprise You
🚨 No, it's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.
📲 Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s most recent fastest-growing companies list by aiming to pioneer "Privatized Universal Basic Income" powered by technology — not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+.
🚀 Space is limited and Mode is 95% towards their $20M milestone! Now is the time to secure your spot at $0.26/share.
Company: Flutter Entertainment (SYM: FLUT)
Flutter Entertainment is also oversold at $276.26, with RSI and Williams’ %R starting to pivot higher. From that last traded price, we’d like to see it retest $300 initially.
Helping, the company is advancing its share buyback program, with a goal of buying back up to $5 billion worth of shares. Plus, analysts at Truist just initated coverage of the stock with a buy rating with a price target of $330.
“Flutter’s FanDuel leads the U.S. online sports betting market, and it is well positioned in an inevitable legislative shift to more online gaming legalization over the next decade,” added Truist, as quoted by TipRanks.com.
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ETF: Roundhill Sports Betting & iGaming ETF (SYM: BETZ)
Or, investors can jump into an ETF that invests in sports betting stocks.
With an expense ratio of 0.75%, the $20.51 ETF offers diversification with Flutter Entertainment, Penn Entertainment DraftKings, Churchill Downs, MGM Resorts, and many more. What’s nice about an ETF is that it offers greater exposure at less cost.
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Are there any other sports betting stocks you have your eye on this month? What other sectors of the market do you think are hot right now? Hit "reply" to this email and let us know!
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