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☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Roku, Coinbase, DraftKings, Disney & more
▼ + stars: | 2023-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.

☆ Sports betting quickly becoming dominated by a few big players, says Active CEO Michael Wolf
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSports betting quickly becoming dominated by a few big players, says Active CEO Michael WolfMichael Wolf, Activate co-founder and CEO, joins 'Squawk Box' to discuss the trends for sports betting, how much of the sports betting field is still happening illegally and more.

☆ DraftKings stock surges after sports-betting company boosts outlook
▼ + stars: | 2023-02-17 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Shares DraftKings surged Friday morning after the sports-betting company reported stronger-than-expected revenue and raised its outlook for 2023. The bump in stock comes on the heels of DraftKings being the most downloaded sportsbook app in the U.S. on Super Bowl Sunday, according to the company. Analysts polled by Refinitiv had anticipated a loss of 59 cents per share on revenue of $800 million. DraftKings is raising its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion from the range it announced in November, $2.8 billion to $3 billion.

☆ Stocks making the biggest moves after hours: DoorDash, Applied Materials, DraftKings and more
▼ + stars: | 2023-02-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Reported losses, however, were greater than analysts' projections, coming in at a per-share loss of $1.65 versus analysts' estimates of 68 cents. Revenue came in at $1.01 billion, missing analysts' estimates of $1.02 billion. DraftKings — The sports betting company's shares gained 6% after its fourth-quarter earnings and revenue exceeded analysts' estimates. Applied Materials — The semiconductor company's stock added about 2% after Applied Materials posted its latest results. Revenue was $6.74 billion in the same quarter, beating analysts' estimates of $6.69 billion.

☆ An NBA and IMG veteran breaks down how he raised a $300 million private equity fund in a bleak market and how he plans to invest in all things sports
▼ + stars: | 2023-02-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

NBA vet Bobby Sharma and partner Kyle Charters just raised $300 million for sports-related investments. It's led by NBA and IMG vet Bobby Sharma and investment banking vet Kyle Charters and just announced it closed a $300 million fund to invest in sports-related media and entertainment. "And there are some sports media, entertainment, business executives who are learning private equities through their fundraising. There's been a wave of private equity interest in sports by giants like Blackstone to new entrants like Dynasty Equity Partners. You've got the incumbent media companies that are ensuring their survival by heavily investing as well.

☆ FanDuel parent Flutter considers listing on U.S. exchange after record Super Bowl
▼ + stars: | 2023-02-14 | by ( Contessa Brewer | ) www.cnbc.com time to read: +1 min

In this photo illustration the FanDuel logo of a sports betting company is seen on a smartphone. FanDuel parent Flutter Entertainment said Tuesday it is considering listing on a U.S. stock exchange. FanDuel is the nation's sports betting market leader and is on track for full-year profitability in 2023, according to the company. Jefferies analysts said it would command a premium, "as market leader in the larger global online gambling market." Flutter said an additional listing in the U.S. would elevate its brand and help the company attract and retain talent.

FanDuel expected to handle more than 17 million Super Bowl bets. GeoComply , a company that verifies the locations where gamblers are betting, saw 100 million sports betting transactions this Super Bowl weekend, an increase of 25% over last year. It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. "This was BetMGM's most successful Super Bowl and most bet on single game sporting event ever," the company told CNBC. Already, sportsbooks are accepting wagers for next year's Super Bowl, which, for the first time, will take place in America's gambling capital – Las Vegas.

☆ FanDuel takes 50K bets per second in sports betting's biggest night
▼ + stars: | 2023-02-13 | by ( Contessa Brewer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFanDuel takes 50K bets per second in sports betting's biggest nightCNBC's Contessa Brewer reports on the big night for sports betting.

☆ Here's how much Americans plan to spend on the Super Bowl this year
▼ + stars: | 2023-02-12 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +3 min

This year, six-figure earners plan to spend the most on the game, at an average of $246. Members of Generation Z (ages 18 to 26) plan to increase their spending, with 30% indicating they will spend more on the Super Bowl this year than last year. Watch partiesThe rise in spending might be attributed to Americans' increase in watch parties for this year's Super Bowl between the Philadelphia Eagles and the Kansas City Chiefs. Although 52% of Americans plan to watch the game from home, 20% plan to host watch parties, up 82% from 2022. While 72% of Americans would rather bet on the Super Bowl game itself, 28% prefer to wager on the 2023 Puppy Bowl.

☆ An estimated $16 billion worth of bets will be placed on the Super Bowl
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. But how will casino and online/mobile sports betting companies stand out in an increasingly crowded field? “We have prepared for this Super Bowl like never before,” Greenblatt said. That’s more than double the number of wagers on last year’s Super Bowl. That’s different from 2021 when customer growth was being rewarded.”That being said, both DraftKings and FanDuel still plan to advertise during this year’s Super Bowl.

☆ Super Bowl showdown to provide betting bonanza
▼ + stars: | 2023-02-11 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

Feb 11 (Reuters) - The Super Bowl has long been the single biggest sports betting event of the year in the United States and Sunday's showdown in Glendale, Arizona could reach new heights as wagering on the NFL's championship game has exploded in popularity. "The fact that the Super Bowl is being played in a state where you can legally bet on sports was almost unthinkable five years ago," American Gaming Association (AGA) President and CEO Bill Miller told Reuters. "There is important symbolism and economics around the fact that a Super Bowl is being held in a state where sports betting is legal, no question about that." A survey by the AGA, a trade group for the U.S. casino industry, showed a record 50.4 million American adults, or about 20% of the population, are expected to bet $16 billion on the Super Bowl. "It isn't necessarily something new as far as the Super Bowl but I think we are paying more attention to it now because more people have access to bet."

☆ Online sports betting is surging. So is gambling addiction
▼ + stars: | 2023-02-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

The booming sports betting industry, lawmakers and even the professional sports leagues themselves are making it easier, faster and more tempting for people to bet on games — and develop gambling problems, say gambling researchers and addiction specialists. A flood of advertising, technology that allows for one-click betting at home, and nearly unlimited betting options during games have collided. The sports gambling industry is most similar to financial markets, he said, but financial markets are much more regulated than banks. Most states require that sports betting ads disclose the minimum legal age to gamble and responsible gambling messages, such as problem gambling hotlines. From DraftKingsRegulators are wary of how tightly they can curtail messages in gambling advertising without running afoul of First Amendment protections on commercial speech.

☆ Watch CNBC's full interview with DraftKings CEO Jason Robins
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with DraftKings CEO Jason RobinsDraftKings CEO Jason Robins joins CNBC’s ‘Tech Check’ to discuss sports betting opportunities and the company's future.

☆ FanDuel CEO Amy Howe: We are expecting 17 million bets this year
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFanDuel CEO Amy Howe: We are expecting 17 million bets this yearFanDuel CEO Amy Howe joins 'Squawk Box' to discuss how the company shores its lead in the sports betting market.

☆ Super Bowl and sports gambling: The push for responsible gaming
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuper Bowl and sports gambling: The push for responsible gamingCNBC's Contessa Brewer joins "Worldwide Exchange" to report on rising concerns over problem gambling ahead of Super Bowl 57 and amid the rise of legal sports betting.

☆ A record number of Americans are betting on the Super Bowl this year
▼ + stars: | 2023-02-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

A record 50 million Americans are expected to bet on the Super Bowl. Over 50 million Americans — or roughly one in five US adults — are projected to place a bet on the Super Bowl, per an American Gaming Association survey conducted last week of over 2,100 Americans. If you've ever participated in a Super Bowl squares contest, you might not have thought of it as gambling, but the AGA counted these people among the bettors. For the first time, however, the AGA said it's projecting the number of traditional Super Bowl bettors — through online or retail sportsbooks — to exceed the number who bet casually with friends or through a squares contest. That's 30 million projected traditional bettors to 28 million casual, with some people expected to participate in both formats.

☆ With record Super Bowl wagers expected, here are Wall Street's top sports-betting stocks
▼ + stars: | 2023-02-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The names were a member of Roundhill Sports Betting & iGaming ETF , VanEck Gaming ETF , and/or iBet Sports Betting & Gaming ETF . Of the gaming companies on the list, Caesars Entertainment has the most upside to the average analyst price target, 26.2%. Caesars gaming empire includes Caesars Sportsbook, which came out of the company's 2021 $4 billion acquisition of William Hill . MGM Resorts follows with 23% upside to the average analyst price target. The stock, which has gained nearly 6% so far this year, has 11% upside to the average analyst price target.

☆ The outlook for Wynn Resorts hasn't been this good since the pandemic started
▼ + stars: | 2023-02-08 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Wynn Resorts (WYNN) reported promising fourth-quarter results Wednesday and even better guidance as the casino operator looks to profit from China's reopening. Along with a rebounding Macau, the casino operator's Las Vegas and Boston operations posted strong results that have continued into the current quarter. The near-term outlook for Wynn is as bright as it's been since the start of the pandemic. For the full year, Las Vegas generated $816 million of normalized adjusted property EBITDA, and management said it's "confident that this is an all-time record for a standalone Las Vegas Strip property". Wynn Las Vegas remains closed as a result of the statewide shutdown due to the continuing spread of the coronavirus on April 27, 2020 in Las Vegas, Nevada.

☆ It’s Time to Answer Your Questions About Super Bowl LVII
▼ + stars: | 2023-02-08 | by ( Ben Shpigel | ) www.nytimes.com time to read: 1 min

If you live in one of the 36 states (or the District of Columbia) where betting on games is legal and underway, you’ve probably seen many ads for online sports books. (That’s thanks, in part, to the N.F.L. itself, which has had a tricky relationship with sports betting.) You can also set up a box pool — also known as squares — and then rue the money you flushed away by drawing a 2 and a 2. If you want to know just how lousy your chances are on winning at squares, here’s a site that looks at the probability of each number combination coming up (0 and 7 is your best spot, at about 3.5 percent — have fun with all that).

☆ Super Bowl Betting Projected to Hit Record $16 Billion
▼ + stars: | 2023-02-07 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

Gambling on this weekend’s Super Bowl is expected to reach record-breaking levels, with more than 50 million Americans projected to bet $16 billion on the championship game, according to a gambling-industry trade group. Super Bowl LVII is also the first National Football League Championship to be played in a state with legalized sports betting. Fans inside State Farm Stadium in Glendale, Ariz., will be able to place mobile-phone bets during the game between the Kansas City Chiefs and the Philadelphia Eagles on Sunday. Gambling operator BetMGM last year opened a sports-betting outlet at the stadium grounds.

☆ More Than 50 Million Americans Are Projected to Bet on the Super Bowl
▼ + stars: | 2023-02-07 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ Record 50.4 million Americans to bet on Super Bowl
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] Feb 6, 2023; Phoenix, AZ, USA; General view as the Philadelphia Eagles speak with media during Super Bowl Opening Night at Footprint Center. Mandatory Credit: Kirby Lee-USA TODAY SportsFeb 7 (Reuters) - A record 50.4 million American adults, or about 20% of the population, are expected to bet $16 billion on Sunday's Super Bowl matchup between the Philadelphia Eagles and Kansas City Chiefs, the American Gaming Association said on Tuesday. Helping to drive the numbers is the expansion of legal sports betting in the United States where the AGA said live, legal sports betting markets are available in 33 states and Washington D.C. This year's Super Bowl will be played in Glendale, Arizona, which will mark the first time the championship game is being hosted in a state where sports gambling is legal. Reporting by Frank Pingue in Toronto; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ These innovation stocks owned by Cathie Wood have double-digit upside, according to analysts
▼ + stars: | 2023-02-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Cathie Wood just scored her best month ever as her innovation stocks staged a big comeback, and some of her darlings still have double-digit upside ahead, according to Wall Street analysts. Wood's flagship Ark Innovation ETF (ARKK) jumped 27.8% in January alone, notching its strongest month since its inception in 2014 . We looked at companies with at least five analysts covering them, and these names below all have more than 10% upside in the next 12 months, according to FactSet. Wall Street analysts are most bullish on Ginkgo Bioworks , seeing the stock rally more than 140% in the next 12 months. Other biotech names in the space that analysts love are Verve Therapeutics , CRISPR Therapeutics , Beam Therapeutics and Twist Bioscience.

☆ The Retreat of the Amateur Investors
▼ + stars: | 2023-02-04 | by ( Gunjan Banerji | ) www.wsj.com time to read: 1 min

Amateur trader Omar Ghias says he amassed roughly $1.5 million as stocks surged during the early part of the pandemic, gripped by a speculative fervor that cascaded across all markets. As his gains swelled, so did his spending on everything from sports betting and bars to luxury cars. He says he also borrowed heavily to amplify his positions.

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