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The Super Bowl is coming – Las Vegas casinos and sportsbooks may have already won. (00:26) DoorDash may be the frontrunner to win the Super Bowl Buzz MVP award for his brand. (02:30) Coca-Cola spices up the atmosphere with his first new flavor in three years. (03:10)
This is a summary transcript of the podcast.
Super Bowl LVIII will be held this Sunday in Las Vegas.
The annual entertainment-packed weekend is poised to be a bonanza for the Las Vegas Strip and sports betting operators.
A record 68 million Americans will bet $23.1 billion on the big game, according to the American Gaming Association. Of course, these bets take many different forms: bets with bookmakers, casual bets with friends, and, of course, bets on the legal market.
With the perfect combination of legalized sports betting in new states and high-interest gaming, some predict legal gambling could exceed $1.3 billion across 39 regulated markets, according to Legal Sports Report. There is.
Notably, this year's Super Bowl will be the first time Florida has legal Super Bowl betting. Other states in this year's betting mix include Massachusetts, Kentucky, Maine, Vermont and Nebraska.
You may not like it, but Taylor Swift is making a new move in sports betting. Prop bets on the Super Bowl have already soared to record levels at major sportsbooks due to action involving Taylor Swift and Kansas City Chiefs star Travis Kelce.
The list of stocks that could attract more attention to Las Vegas includes Red Rock Resorts (RRR), VICI Properties (VICI), Golden Entertainment (GDEN), Hilton Worldwide (HLT), and Bally's. Includes interactive (BALY) etc.
Morgan Stanley's long-term view on overall market share trends remains largely unchanged, with FanDuel (OTC:PDYPY) and DraftKings (NASDAQ:DKNG) seen as the leaders, followed by BetMGM (NYSE: MGM), Caesars Sportsbook (CZR), and ESPN Bet (DIS).
Summary:
The Round Hill Sports Betting & iGaming ETF (NYSEARCA:BETZ) is one way to take advantage of the broader sports betting and iGaming sector. Major holdings include Flutter Entertainment (FLUT), DraftKings (DKNG), Evolution AB (OTCPK:EVVTY), Entain Plc (OTCPK:GMVHF), Kindred Group (OTC:KNDGF), Churchill Downs (CHDN), and Includes Sportradar (SRAD).
Of course, the Super Bowl is about more than football.
As always, the flood of high-profile commercials during the game will create buzz and could boost some brands that engage consumers in the right way.
Among the companies trying to get noticed, DoorDash ( NASDAQ:DASH ) may stand out. DoorDash (DASH) has announced a sweepstakes called “All The Ads.”
As the name suggests, the company offers literally everything you see during in-game commercials to one person.
Winners of DoorDash's (DASH) sweepstakes will receive a hodgepodge of goodies, from a 30-pound container of Hellmann's Mayonnaise to a Clydesdale saddle to a BMW car.
You won't be able to drink it before the game, but please look forward to it.
Coca-Cola (NYSE:KO) will launch Coca-Cola Spice, its first permanent soda flavor in three years, later this month. The company says Coca-Cola Spice offers a “unique alchemy” of the company's iconic cola, raspberry and spice flavors. A sugar-free version of Coca-Cola Spice will also be released.
Looking ahead, Coca-Cola (KO) is scheduled to report earnings on February 13th. Analysts expect revenue of $10.65 billion and EPS of $0.49. Coca-Cola (KO) has exceeded his EPS estimates for 16 consecutive quarters, and he has also exceeded earnings in 14 of those quarters.
Other notable articles on Seeking Alpha:
Focus on how smokeless tobacco benefits British American Tobacco
Answers to 5 questions investors are thinking about heading into 2024 – UBS
Founder of Greenlight Capital: The market is being fundamentally disrupted by passive investors
Expedia (EXPE) was added to Earnings Watch on Thursday. Expedia's strong fourth-quarter results were further boosted by the departure of its CEO.
The company announced that CEO Peter Kahn will step down as of May 13th. His successor will be Ariane Gorin, currently president of Expedia for Business. Khan will remain vice chairman after May 13th.
In the premarket, Expedia (EXPE) fell 14%.
The online travel company's adjusted profit was $1.71, up from $1.24 a year earlier, beating expectations by a penny.
Total revenue rose 10% to $2.88 billion, beating Street estimates by $10 million.
In Catalyst Watch of the day,
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This day is the last trading day before the Chinese New Year begins. The extended holiday could be a tailwind for Macau-related stocks such as Melco Resorts & Entertainment (MLCO), MGM Resorts (MGM), Las Vegas Sands (LVS) and Wynn Resorts (WYNN).
U.S. stocks struggled to regain momentum on Thursday, but ultimately ended slightly higher.
Nasdaq (COMP.IND) rose 0.24%. The Dow Jones Industrial Average (DJI) rose 0.13%. The S&P 500 (SP500) remained flat for much of the day, ultimately closing 0.06% higher at 4,997.91 points. At the trading high, the index hit an all-time high of 5,000.40 points, breaking above a major level for the first time.
Six of the S&P's 11 sectors finished in the green, with the energy sector leading the way. The top losers were public utilities.
Now let's take a look at the market price as of 6am. Dow, S&P, and Nasdaq futures are in the green ahead of today's opening bell. The Dow rose 0.03%, the S&P 500 rose 0.1% and the Nasdaq rose 0.2%. Crude oil rose 0.03% to over $76 per barrel. Bitcoin rose 4.5% to above $46,000.
In global markets, the FTSE 100 rose 0.2% and the DAX was flat.
Cloudflare (NYSE:NET) was the day's biggest pre-market mover, rising 25% after the company reported a better-than-expected fourth quarter and better-than-expected full-year profit guidance. .
Today's economic calendar:
