Category: On-Line

OLG Fund

OnLine Gambling fund (OLG) – Analyst Chad Beynon is bullish on U.S. sports betting and internet gaming, believing the $1.4B total addressable market in 2019 can grow to $18B by 2025 and $33.7B by 2030; half of the U.S. will be able to place a sports bet by 2021.

DraftKings (DKNG) recently traded at $52.58, up 3.98%, and has skyrocketed 392% year to date. Penn National Gaming Inc (PENN) stock has soared 252% in the past 12 months as it has sought to grow in online gambling. Scientific Games (SGMS) Macquaire raised target on Scientific Games  (SGMS +9.4%) to $29 from the earlier assigned $20; maintained Neutral rating. Churchill Downs (CHDN) Susquehanna lifts CHDN to a Positive rating from Neutral. The stock is thinly covered on Wall Street, giving the ratings boost a lot of legs. GAN Limited (GAN) provides enterprise Software-as-a-Service solutions for online casino gaming and online sports betting applications. Caesars Entertainment, Inc. (CZR) shares were trading up 7.4% at $56.78 at the time of publication on Friday. The stock has a 52-week high of $70.74 and a 52-week low of $6.02.

Walmart Stores Inc. NYSE: WMT

Earnings Report – 2-18 Tuesday BUY $117.89

U.S. stock and bond markets are closed on Monday for Presidents Day. Fourth-quarter earnings season continues when they reopen on Tuesday, with 45 S&P 500 companies scheduled to report. Highlights include Walmart on Tuesday, followed by Analog Devices and Dish Network on Wednesday. ViacomCBS and Deere report on Thursday and Friday, respectively.

Walmart started the decade as almost an exclusively brick-and mortar business. However, by 2015, the company had upped its annual e-commerce investment from $1 billion to between $1.2 billion and $1.5 billion.

Walmart acquired e-commerce site Jet.com for $3.3 billion in 2016. The company has also been investing in same-day delivery and in-store pickup. Walmart appears to be poised to continue its investing and innovation in the 2020s, recently announcing an $11 billion commitment to store redesigns, including the addition of autonomous floor cleaners, shelf scanners and unloaders.

Tuesday 2/18 Advance Auto Parts , Agilent Technologies ,Concho Resources , Ecolab, HSBC Holdings , Medtronic , Vornado Realty Trust,Walmart, and Wabtec report earnings.