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BUY PENN around the $70-75 range for a move up to $105!Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania. It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports. With the US consumers sitting on over $5.4 trillion of additional savings as a result of the COVID-19 pandemic we believe that Penn National Gaming will benefit from the large consumer spending spree that we expect to sweep the US in the second half of 2021. In addition to that, people who like to bet on various sporting or racing events were severely limited in terms of betting options throughout the last 12-16 months. With things slowly but surely going back to normal despite the new highly contagious Delta variant, we believe that Penn National Gaming is uniquely positioned and will likely see strong revenue and earnings numbers in Q3 and Q4. Last but not least, let's not forget that Barstool Sports is basically a digital content producing company focused exclusively on sports. Thus, with the return of the NFL pre-season starting in August and the actual season in September, Barstool will be a strong driving force for Penn National Gaming's stock moving forward. Lastly, we should also point out that Barstool Sports launched the Barstool Sportsbook back in September, 2020 which is basically a betting app, and handled over $11 million in wagers during its first week of operations! It definitely seems that the stars are aligning almost perfectly for PENN and as a result of that we believe that the stock will be trading above the $100 mark by mid-September latest. From a technical standpoint the chart also shows the presence of a strong bullish interest around the $70 level. All major daily indicators including the Stochastics, RSI, MACD and Bollinger Bands are also pointing to a strong reversal in play. Our targets for the 8-10 weeks will be $105 and $120 respectively. Good luck guys and remember to always do your own research as well!
NASDAQ:PENNLong
by DowExperts
FUBO TV a super enthusiastic signal... will be realized ?My marketMiracle advisor returned a purchase signal on $FUBO FUBOTV at a price of 21.43 USD with a target of 134.21 USD or a potential profit of 526 %.. To be honest, I think it is a bit too much, but we are well aware of the volatility characteristics of low-cap securities. Now, wanting to see the situation on the graph I do not feel like tracing a possible path towards the target that the advisor has given, I think a goal very far and difficult to achieve. But I have identified a possible path that can lead to the doubling of the title. I speak of doubling because looking for information on the fundamentals of FUBO TV I saw that in recent results the number of subscribers to their TV streaming service has doubled, so a doubling of the value of the title is certainly reasonable. This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
NYSE:FUBOLong
by MarketMiracleAdvisor
Borussia Dortmund (BVB) to break out of corona struggles 🏆BVB is undervalued anyway and hasn't fully bounced back from the corona virus hit yet - great upward potential 🏆 As one of the few european football stocks out there, Borussia Dortmund is a rare opportunity from both fundamental perspective and in regards to the corona pandemic, which naturally damaged this stock substantially. But it's time to bounce back! With a market cap of about €500m, the stock is undervalued anyways and was on it's way to a fair price before corona hit. The player value alone is estimated to be more than €500m, not to mention the entire infrastructure and brand. Borussia Dortmund is probably the most renouned German football club after Bayern Munich and successfully toured to North America and Asia to tap into new markets. Just before corona, the club approached one billion euros in value - and since then, not much has really changed. Empty stadiums have hurt the club and cost about €2-3m each game which explains the moderate losses reported in recent quarterly reports. But with the great progress of the German vaccination campaign and established concepts that were tested in the beginning of the pandemic, which allowed at least parts of the stadium to be filled with fans, we can savely assume a return to "normal" games and stadium capacity with the next Bundesliga season in August. Borussia Dortmund is famous for great talent management and player transfers. The two most valued Bundesliga players belong to Borussia Dortmund - Haaland and Sancho - and while a sale of either or both players would not be favoured by fans and could impact the team's performance for a short while, it would do wonders for the balance sheet. Other young players like Moukoko and Bellingham, 17 and 16 years old respectively, haven't even taken off yet and will bring either great quality to the team, resulting in titles and price money, or can be sold at a massive profit in the next years. To sum it up: The club has suffered from the coronavirus crisis and hasn't fully bounced back yet. The market cap is below the team's value alone with the brand intact and a great long-term outlook. Short-term, the team is on the verge on collecting a national cup title and securing a spot in next year's UEFA champions league.
XETR:BVBLong
by Rakkai
What's next for DKNG? Part 1What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now. As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as massive psychological support at the 50. All broken through yesterday. Right now, the play is to find the bottom, but where is it? Are we too soon? For the retail bros, it looks like all is lost, and this shit is going to zero. But... check out RSI and my follow up post.
NASDAQ:DKNGLong
by thehappyitalian
PENN Long And StrongI think PENN is oversold. The country is reopening and sports will be back in a BIG way. And do you know what's bigger than sports? SPORTS BETTING! PENN Nationals merger with Barstool Sports, a media company with hardcore sports fans was an end game move! They will be the biggest and lead the way for other sport betting companies. Sports betting will be legal in all 50 states in the future, the tax incentives are too massive to pass up. Barstool Sports book is only in 2 states so far, and already setting records. It's up only from here. Long PENN and prosper my friends! Cheers. I think PENN will be trading around $185-200 by 2022.
NASDAQ:PENNLong
by SinnerMass
Puma and its growth as an athetic BrandPUMA was once the largest in the athletic industry, but then in the '80s and '90s, it got off track and ventured into the fashion industry. This proved to be their downfall. Nike and Adidas soon overtook them in market share by a long way. PUMA now has a market cap of €14.26 Billion. PUMA though is now gaining market there back that the loss in the '90s. This is in sports such as football, rugby, sprinting, and their recent ventures into Formula 1 and motorsport will all pay off. they have recently signed some major football players such as Lewandoski(top goal scorer in 2020), Luiz Suarez (arguably the greatest striker in history), and Neymar, who is one of the most marketable athletes in the sport. This play is less based on the chart, but its gaining market share in sport. I can see its market growing at least 5x to €66 billion and therefore the stock running up to €440. We could even see gains to €80 billion in market cap. Buy @ €90 and take first profits @ €440. this trade is an investment and long term. Maybe go buy some PUMA runners rather than NIKE now, so we can see that chart take off like a Falcon heavy.
XETR:PUMLong
by Hugosloankelly
4
SCOREWe are highly encouraged by the early foothold that we have established in this fast growing industry and we are well equipped to continue our expansion across North America. We believe the quarter with successful launches of theScore Bet in Colorado, I’m sorry, we began the quarter with the successful launches of theScore Bet in Colorado and Indiana and we’re preparing to debut in Iowa in the coming weeks, subject of course to regulatory approval. Now, with marquee sporting events coming up, including the Super Bowl and our first NCAA tournament as an operator, we are extremely well positioned to continue on this growth trajectory. Of course, one of the markets we hope to be operating in soon is on our home turf in Canada. We estimate a market potential for online gaming here of between US$3.8 billion and US$5.4 billion in annual gross gaming revenue based on historical data extrapolated from the legal online gaming markets in the US and globally. Ontario alone is a huge market with population larger than all but four US states. It is now clear that there is cross-party support and strong momentum to amend Canada’s outdated federal laws and enable legal sports betting market to flourish and we have been actively participating in those conversations at both the federal and provincial levels. theScore is Canada’s leading mobile sports brand with millions of loyal app users across this country and we’re in a great position to capitalize on the expansion of online gaming. We’re hard at work preparing for this sizeable opportunity and look forward to seeing legislation progress in 2021. This sports betting company may be a darkhorse. Still doing some research but it passes the COVID recovery potential check. I could be wrong of course. What do you think? Like Follow Agree Disagree!
TSX:SCRLong
by Redimere_91
DKNG is it time to ride this train back to ATH?After a nice rally leading up to the Super Bowl it looks like this beast has settled down, not much sports betting activity besides NBA and March Madness which would be a big one. After that I feel the stock price will see some flat movement and run based on states passing betting laws. Also keep in mind we have ER approaching soon so that will cause a possible run up. DKNG is currently in a downtrend channel and is looking primed to break out soon. We also have a gap down so keep in mind this could potentially go for that gap fill at 55. The Safest entry would be to wait for the breakout of the resistance line with significant volume for a confirmed sign of reversal. Now depending on market sentiment, we could see more room to the downside, where you could get a nice dip entry (buy zone located in chart) to long. Key Levels Support: $58.86, $56.86, $55.14 Resistance: $60, $61.11, $62.46, $64.21 Ways to Play this: 1. Load Up Shares 2. Enter on breakout of downtrend resistance with month out calls 3. Buy on the dip if this goes for a gap fill 4. 2022 leaps Option Ideas: low to high risk contracts (High OI and VOl, very liquid contracts so you can get filled easily) 60C 3/19 4.30 65C 3/19 2.57 60C 2/26 2.62 65C 2/26 1.05 60C 2/19 .57 (lotto) 62C 2/19 .21 (lotto)
NASDAQ:DKNGLong
by jUiCE_Trades
13
$DKNG and $PENN - Betting on BettingFor anyone who remembers the death spiral of March 2020 with $DKNG trading at $10.60 and $PENN trading as low as $3.75 you are either riding the wave or watching in wonder. Even with the impossible runs both have taken off their 2020 lows many debate where this “sports betting” trade will go? Some points of consideration: Size of Market Since the PASPA repeal in May 2018 approximately 50% of the U.S. has some form of legalized sports betting. This number is a little misleading as a state like New York is included even with the very limited access to betting markets through Tribal agreements. When you consider California from a strictly GDP perspective you are talking about an economy roughly the size of the U.K.. And when you look at California, Texas, New York and Florida which are all starting to lean into true legalization conversations you are talking about 36% of U.S. GDP in those four states alone. The other major component when trying to figure out total addressable market is the black or grey market for sports betting. The legalization of sports betting did not create a new market for sports bettors, it simply created access to one onshore in the U.S.. The debate for how big the black market is a fair one and only one part of it, the other is how long until it can be migrated onshore if at all. When looking at market caps and market share it is clear that the original assumptions of the market were too small and are a major reason for the sustained push higher in the gaming sector with $DKNG and $PENN clearly out performing. As new states come on it should make you reconsider the true size the market to better align price targets. Nielsen 2.0 Many debate the true value of both $DKNG and $PENN because those familiar with the sports betting industry understand that a sports book typically is a very low margin business (5-6%) that requires major expenses to acquire new customers with cost per acquisition being reported well over $1,000 per depositing player. If we take a step back and look at what a digital solution will offer operators we can begin to see the forest through the trees in how sports book and large gaming operators will be positioning themselves over the next 3-5 years. In one word, data. If we fast forward to 2025, who will know more about the sports fan than $DKNG and $PENN? Who will have access to mold and monetize the fan experience? When I was a kid I would watch Sportscenter on repeat. Today, these companies know every key stroke we make. The value of that data defines the true value of these companies in my opinion. Conclusion If you stop to consider both $DKNG or $PENN as marketing companies who are attracting players for other products like igaming or hospitality you can begin to see a true path to what I believe they are working towards. The recent M&A across the gaming and media space is a lesson in effective distribution. The momentum has been started with COVID and the March 2020 lows with digital channels becoming critical to future success. The sports betting trade continues to be bullish as it will lead to much more than a single bet. Remember, as the old time gamblers will tell you, “sports betting is only the thing that gets you the thing”. Author Scott San Emeterio CEO, BallStreet Trading - Hosting real-time markets on live sporting events. Real-Time Super Bowl Markets with Top 100 traders winning $20 each - Free to Play
NASDAQ:DKNG
by playBallStreet
31
DKNG !! this is going to be BIG !new legislations are coming Draft king is a fairly new player on the market through a SPAC merger with Diamond Eagle acquisition corp, and it's an American sport betting operator and it even allows users to make bets on players' performances in all major sports. In the list of investors, we can find names like the legendary Michal Jordan who is acting as a board advisor for the company as well. So with new legislations coming in the Sports betting and iGaming field in the US, we expect great things from this stock, even though it is traded 360% higher than on March 20. Today they got a rise in target price by Goldman Sachs to 65$ along with Morgan Stanley while saying “the new legislation will pass in over 12 states and will bring an upside to the stock price and of course company revenue! The legislations are due for Friday in Michigan and potential stats to follow are New York, Texas, Massachusetts, Georgia, and Ohio, and we will update our group live once official news comes out. Let's look at Technicals: So usually I will divide my target price on a stock into 3 or more parts but in DKNG it’s a bit different. The volume readings are showing us a volume uprise to 60M in its highest high of 64$ at the beginning of Oct 2020, and the current volume readings are between 20 – 50 Million. Why is that out of the ordinary? usually when you look at a stock rallying up the volume will take off to a new high and then drop massively – this is not the case with DKNG – the volume stays very high with as low as 20M and high as 50M, which tells me the sentiment on this stock is still in its peak! and today after the Goldman and Sachs price upgrade the stock will rally up more! We cannot see the stock entering the 45 and below levels that will mean we are looking at a massive correction hence, it’s a red square on the chart that cannot be touched! what we see is the stock accumulation rising steady and safely – this is NOT a parabolic rise as the stock corrected and stabilized on its current price – this means you are trading a “safe” stock relatively speaking of course. We give DKNG a target price of 70$ as the first target and a target price of over 150$ by end of 2021… this may sound high but sports betting online services usually have BIG revenue and relatively low operating costs. We at FDGT are very bullish on the stock and we will keep updating our traders in the group about it Trade safe, and be safe!
NASDAQ:DKNGLong
by FDGT_academy
1