Today nonfarm payrolls data, consumer credit and unemployment data are slated for release.
The following public company is slated to release corporate earnings today, October 7:
Tilray Brands Inc. (NASDAQ:TLRY — $3.90) engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. Tilray will report its Q1 earnings of 2023 before the bell today.
Looking ahead to next week, several key inflation readings are due out next week including the producer price index (PPI) and the consumer price index (CPI). Plus, investors will dig into the latest meeting minutes from the Federal Reserve. Another earnings season is creeping up as well with big names like Citigroup (C), Delta Air Lines (DAL), Domino’s Pizza (DPZ), JPMorgan Chase (JPM), Morgan Stanley (MS), PepsiCo (PEP), UnitedHealth (UNH), and Walgreens Boots Alliance (WBA) set to report.
All economic dates listed here are tentative and subject to change.
Since 2018, one of the most compelling sectors for growth-oriented investors is the sports betting sector. That was the year the U.S. Supreme Court allowed states to legalize sports betting. Since then 30 states have taken that step including New York and New Jersey which are two key markets. In fact, the state of New York broke a record when it legalized online sports betting in January 2022.
This makes it a good time to consider investing in sports betting stocks. Many of these stocks are trading at significant discounts as part of the broad market sell-off. The reason for this is competition. There are a nearly endless number of online sportsbooks competing for consumer dollars.
And it would appear there’s enough revenue to go around. According to Data Bridge Market Research, the global sports betting market is expected to grow at a compound annual growth rate of 10.26% between now and 2029.
With that said, sports betting stocks are definitely risk-on assets. And the payoff may be years away. But if you have time and have a tolerance for risk, here are seven sports betting stocks to consider for solid upside gains.