The sports industry has always been a lucrative sector, and even during the pandemic, it continued to thrive. For investors looking for profitable opportunities and diversification, sport stocks can be a great option. Here are some of the best investments among sport stocks based on data collected on April 18:
1. Topgolf Callaway Brands:
– Past year: -31.43%
– Year to date: 8.30%
– Past month: 7.92%
– The stock is traded on the New York Stock Exchange.
– Momentum for the stock is driven by talks around a possible spinoff deal, according to The Motley Fool.
2. Draftkings:
– Past year: 98.97%
– Year to date: 18.09%
– Past month: -4.92%
– CFRA Research has a Hold opinion on the stock, citing its position as a first mover in mobile sports betting and gaming.
3. Churchill Downs:
– Past year: -7.20%
– Year to date: -11.90%
– Past month: 1.23%
– The company is set to release year-over-year earnings on April 24, with potential for a bounce higher if they exceed estimates.
4. Vail Resorts:
– Past year: -14.59%
– Year to date: 0.38%
– Past month: -4.74%
– Several research analysts have a Buy rating on the stock, with target prices ranging from $248 to $290.
5. Dick’s Sporting Goods:
– Past year: 37.16%
– Year to date: 33.06%
– Past month: -9.04%
– Despite inflation affecting many retailers, Dick’s Sporting Goods has been performing well, with a Buy opinion from Zacks.
Overall, these sport stocks present promising investment opportunities for those looking to capitalize on the thriving sports industry.
