Top Sports Betting Stocks

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Sports are coming back. Online betting is increasing. What companies are benefiting?

Two years ago, the Supreme Court allowed betting on sports in all states, with each state deciding whether to allow this form of gambling or not. Several states have already legalized online sports betting. Many more states are considering legislation. These changes should lead to more online gambling, and a transition from illegal gambling to legal betting.

Even NBC Sports Broadcaster Jim Kozimor mentioned in an interview that sports betting will be an extremely strong growth industry.

So if you are looking for a way to profit from sports gambling, you should look at the stocks that should benefit from the online betting on sports events.

DraftKings (DKNG) is one of the largest pure plays in the online sports betting arena. This was one of the stocks that was created from a SPAC. Revenues for this $20.6 billion market cap company were up 23.6% for the latest quarter. Earnings are minimal giving it a price to earnings ratio of over 1000.

Flutter Entertainment (PDYPY) is one of the largest daily fantasy sports providers and a leader in the legal sports betting market. The company was formerly named Paddy Power Betfair. This $25 billion market cap company trades at 47.5 times earnings.

Boyd Gaming Corp. (BYD), an operator of a company that runs over a dozen casinos across the United States, offers its B Connected Sports app in order to take advantage of increased legalization. The stock trades at 30.9 times forward earnings.

to see a list of over 20 companies that may benefit from online sports betting and Internet gambling, sorted in order of market cap, click HERE.Maybe some of these stocks will win big.

Disclosure: Author owns DKNG

Top Stocks Selling Below Book Value

The book value of a stock, in simple terms, is what you get when you sell off all the corporations assets, pay off all the debts, and divide up what is left among the shareholders. Therefore, if you are buying a stock at a price below book value, you are getting a pretty good value. There are many stocks currently selling at significant discounts.

One example is Genco Shipping & Trading Ltd. (GNK), which is trading at a huge discount, 22% of its book value. This operator of drybulk carrier vessels trades at about 2.2 times earnings and 58% of sales. Revenues for the latest quarter were up 7.1%, however, earnings dropped 60%.

Dynegy Inc. (DYN) has a price to book ratio of 32%. This wholesales of electric energy has a price sales ratio of 0.39. The company recently experienced a 41% drop in revenues and generated negative earnings. The stock trades at less than $7 per share and has $3.31 in cash.

Boyd Gaming Corp. (BYD) runs 15 casino entertainment facilities in Nevada, Mississippi, Illinois, Louisiana, Indiana, and New Jersey. The stock trades at half of book value, trades at 49 times forward earnings, and has a price sales ratio of 035. Revenues for the latest quarter ere up 36.1%.

If you are looking for below book stocks that pay dividends, WallStreetNewsNetwork.com has a free list that can be downloaded.

Disclosure: Author did not own any of the above at the time the article was written.
By Stockerblog.com