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Friday's Apple Rumors include reasons for the iPhone XR delay, LG signing on as an OLED panel supplier for Apple and more. Read Article
Shares of energy companies such as Apache are waking up. APA stock has popped more than 8% over the past four trading days and, all else being equal, looks to have plenty more upside left. Read Article
Tuesday, June 5, 2018, was a red-letter day in legal sports betting. On that day, Delaware Governor John Carney made history at the Dover Downs casino when he bet $10 on the Philadelphia Phillies beating the Chicago Cubs, and officially made the country’s first legal sports bet outside the state of Nevada. After Carney placed his bet, all three of Delaware’s casinos – Dover Downs, Harrington Raceway, and the Casino at Delaware Park – were open to take bets on sports like baseball, football, basketball, and hockey. It was a historic day that Delaware and other states wanted to see for a long time. And for reasons I’ll lay out below, it kicked off an era filled with incredible investment opportunities. On May 14, 2018, the Supreme Court ruled by a 6-to-3 margin to eliminate the 1992 federal law prohibiting nearly every state from allowing sports betting. The decision is now up to each individual state. What could this mean for states? Well, in 2017, $4.87 billion was wagered in Nevada, which was the only state allowed to have legal sports betting. That number pales in comparison to the estimated $150 billion that was bet through illegal bookies around the country. Let me cover those numbers again. They’re critically important. A total of $4.87 billion bet legally in Las Vegas in 2017. An estimated $150 billion bet illegally across the country in 2017 – about 30 times more. If you can grasp the significance of those numbers, you’re well on your way to making a fortune in the Great American Sports Betting Boom . In this three-part series, I am going to show you how big and profitable this boom could be. I’ll show you a huge part of this story most people are missing… and I’ll explain how you can capture the biggest, safest profits from what’s about to happen.
A Familiar PatternYou’ve likely seen the headlines the last few years of marijuana stock fortunes being made... In some cases, in a matter of just days. Or weeks. Here’s how it all unfolded... Colorado and Washington were the first states to legalize recreational marijuana. On Jan. 1, 2014, the laws went into effect. And nearly every U.S.-based pot stock went up. A handful went way up. Turning into 10-, 11-, 15-, and 18-baggers in just weeks. Since then, seven more states and Washington D.C. have followed Colorado and Washington’s lead. Today, we see the legal sports betting boom expanding just the same way, and that means the opportunity is expanding too!
Legal Sports Betting Expanding to Other StatesSince Delaware opened its doors to sports gambling, other states have moved to capitalize on the opportunity – especially before the NFL season starts on Sept. 6. As of June 25, New Jersey, Rhode Island, Mississippi, West Virginia and Pennsylvania had approved some level of sports gambling, joining Nevada, and Delaware. Next up in the immediate future are New York, Kentucky, Connecticut, and Iowa, but it’s only a matter of time until most states offer some level of sports gambling. The potential tax revenue is too big and too important to ignore. Think about it: If Nebraska decides it will not offer legal sports gambling but the surrounding states do, you can be sure that Nebraska will lose millions in tax dollars.
The Numbers Tell the StoryIt’s difficult to know for sure how much money is illegally wagered on sports in the United States each year, but the estimate comes in around $150 billion. And remember, with only $4.87 billion wagered legally in Nevada in 2017, that means approximately 97% of all sports gambling is through illegal channels. In fact, the American Gambling Association estimates $4.6 billion was bet on the Super Bowl this year with that same 97% coming on the black market. There is no doubt that a large percentage of those illegal bets will soon move over to legal sports betting channels. The questions are how quickly that will occur and what the revenue numbers will be. Let’s stay with Nevada as our case study. In 2017, it generated gross revenue of $248.8 million through legal sports gambling channels. That means the state made 5.1% of the total amount wagered. Now, let’s apply that same 5.1% to the $150 billion that was bet illegally. The result? $7.66 billion in gross revenue – or a whopping 31 times what was generated in Nevada last year. online presentation on it. Tomorrow, I'll explain why the country’s demographics make this such an amazing growth opportunity and how businesses are already spending big dollars to prepare for the upcoming sports betting boom! Regards, Matt McCall P.S. Donald Trump's Supreme Court has opened up a lucrative new investment opportunity. You can learn why I’m so bullish on this opportunity, and how YOU can get your share of the windfall – right here. Read Article
Overstock's CEO Patrick Byrne is either brilliant or a disaster waiting to happen, and OSTK stock volatility reflects that boom-or-bust attitude in the options pits. Read Article
Q2 earnings from Tanger will give ammunition to both SKT longs and shorts. Read Article
The few critics of Jeff Bezos’ business left on this planet are running out of arguments and that’s very good news for AMZN stock. In the second quarter, AWS revenue was $6.1 billion, its retail businesses generated $44.6 billion, and advertising delivered $2.2 billion. Read Article
General Electric's second-quarter results were positive and show that GE stock will rebound. Positive catalysts will boost GE stock going forward. Investors should buy GE stock. Read Article
GlaxoSmithKline pays shareholders a solid dividend yet the company is not just for income investors. In the next few years, growth in the consumer unit will lead to strong cash flow, raising the chances of dividend hikes for GSK stock. Read Article
Home Depot has been a hugely successful investment - but it also had a "lost decade" in the 2000s. The long-term outlook looks good - but there's a risk of a smaller repeat of last decade's weakness if the housing or macro cycles turn. Read Article
Aurinia is a biotech firm whose primary goal is treating Lupus. The company has plenty of cash for R&D. And that effort will pay off. Read Article
Oracle is hardly a hot stock that technology investors would pay much attention to these days -but investors are ignoring ORCL stock's deep discount to fair value. Read Article
SFIX stock has enjoyed a lot of growth since its November IPO, but investors should approach it cautiously. Stitch Fix has a high PE and its current technological lead is in constant danger of competitive threats. Read Article
Over the past five years, Clorox Co. and CLX stock has performed almost identically to Church & Dwight Co. Which is the better mid-cap stock to buy now? Read Article
Next Wednesday is July 4th and many investors are wondering whether or not bank are open on that day. Here's what you should know ahead of the holiday. Read Article
Roku is riding a huge way. Strong earnings, a surging ad market, and a powerful short squeeze have ROKU stock on the mend. Just don't overlook the risks. Read Article
Over the last 12 months, Nvidia stock has gained 74% while AMD stock has gained 42% - both far better than the average for the broader market and other tech stocks. Here's a closer look at how the chipmakers stack up. Read Article
A look at different scenarios for Fitbit stock show why the risk/reward ratio for FIT stock is positive. Fitbit stock looks like a buy whether it's a bear, base or bull future in store. Read Article