The sports betting boom is well under way.Helping, investors say more than half of the country could offer legal sports betting, fueling an even bigger boom – and creating a multi-billion-dollar opportunity. One is DraftKings (DKNG), which we’ve highlighted in a Chart of Day. Another is Penn National Gaming (PENN), which we highlighted a well.A third way to trade the boom is with William...
Continue reading >>The market closed lower on Friday, notching a third-straight weekly loss excluding the small-caps, amid uncertainty about a fresh round of fiscal stimulus from Washington. Weaker-than-expected economic news and concerns about tensions between the U.S. and China also weighed on sentiment. The choppy trading action also marked quadruple witching and happens on the third Friday of every March,...
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Continue reading >>The market closed lower on Friday, notching a third-straight weekly loss excluding the small-caps, amid uncertainty about a fresh round of fiscal stimulus from Washington. Weaker-than-expected economic news and concerns about tensions between the U.S. and China also weighed on sentiment. The choppy trading action also marked quadruple witching and happens on the third Friday of every March,...
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Continue reading >>The market rebounded on Tuesday, snapping a four-day losing streak for two of the three major indexes, as traders looked past rising corona virus case counts around the world and intensifying political tensions in DC.Fed Reserve Chairman Jay Powell expressed cautious optimism that the economy is rebounding from the pandemic-induced recession with federal support but that more help from the...
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