In , eSports enthusiasts around the world are expected to watch 6. As with other sports, teams don brand logos on their jerseys, and promote product during competition and on their social media channels; distributors sell advertising slots around the events. Indeed, sponsorship sales and advertising are the largest sources of revenue for teams, organizers and distributors. For investors interested in participating in the eSports trend, the direct route is via publicly-traded companies that organize leagues and festivals.
Other avenues are game publishers who create titles aimed at the eSports market and media companies involved with distribution of eSports video content. And as in traditional sports, online gambling is another indirect beneficiary of these unique sporting events.
Would you like to help us improve our coverage of topics that might interest you? Tell us about yourself. How should investors think about the recovery as the U. Headwinds for the U. Will it be a hard, bumpy or soft landing from the highs of ? Search Go. Related reading.
Note: eSports audiences count global unique online viewers. Traditional sports audience average U. TV viewership. Source: Newzoo. They are:. Benzinga does not provide investment advice. All rights reserved. The Buffett Indicator has gone haywire of late. Investors in growth stocks should seek stocks boasting strong institutional sponsorship. Here are some names that are being snapped up by funds. Retirement account owners have long had trouble translating the money in their k into income.
Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And it looks like the anticipated changes could happen faster than initially expected.
The statement feeds expectations that the Democratic Congressional majority will pass — and that President Biden will sign — a bill to legalize marijuana. Investors are also looking at further state-level legalization moves; one key state in this regard is New York. So, the cannabis industry is looking up. There is an expanding network of state legalization regimes, and expectations of a change in federal policy; both are putting upward pressure on cannabis shares.
Both have posted impressive year-to-date performances, and stand to rise even more in the year ahead. The company started out as a farmer, producing high-quality greenhouse vegetables year-round for sale in the North American market. That background fit the company well for a transition to the cannabis industry — Village Farms has experience in greenhouse production and industrial-scale growing.
Two important pieces of news precipitated the surge since the end of January. The move increases the international reach of Village Farms, and its ability to increase Altum holdings in the future. The company was able to fund these moves because it had a successful equity sale in January, putting an additional In addition to its strong capital and expansion positions, Village Farms has been reporting solid financial results.
VFF has historically been undervalued compared to less profitable peers, but we expect shares to continue working higher … as the prospect for US reform increases throughout the year. The company is involved in both the medical and recreational sides of the market, and both grows and produces cannabis and markets a range of products through numerous brand names. Growth has been fueled by expansion of the cultivation operations in California and Pennsylvania, and by the move into the adult-use recreational market in New Jersey.
Last month, TerrAscend closed a non-brokered private placement stock sale, putting more than 18 million common shares on the market. We have been bullish on the company since initiating coverage last year and are happy to say the TRSSF team has exceeded our expectations, generating rapid increases in margins and operating leverage that have earned them a place solidly in the Top Tier of MSOs," Des Lauriers noted.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. For all the attention given to the argument that the stock market is in a bubble, it is important to point out that not everyone shares that view. In a monthly webinar, Wood made the argument against stocks being in a bubble.
Jim Cramer sees froth in the stock market Wednesday. Here's where he's putting his attention. Congressional leaders are hurrying the new payments along. Will you get one — and when? The Apple Inc. The South Korean company - after the first successful approaches last January - was ready to make the Kia plant in West Point Georgia available to Apple, but some days ago the process came to a screeching halt, apparently due to internal disagreements within the Hyundai board.
Apple's goal would be to strike an agreement with an Asian company, probably to intercept the potential endless electric car market in the continent. See Also: Why Apple Could Emerge As Tesla's 'First True Competitor' Time Until "We are receiving several requests for cooperation in the joint development of autonomous electric vehicles from various companies, but they are at an early stage and nothing has been decided," Hyundai executives said in a note in which they dismissed the deal with Apple.
In conclusion, the Apple Car will have to wait for now: there is time until , which is the expected release date. This article originally appeared on Financialounge. It does not represent the opinion of Benzinga and has not been edited. The Federal Reserve and other powerful central banks have viewed a curiously long bout of low inflation as proof that stimulating the economy through unconventional money-printing measures can ease the pain of downturns.
Prioritizing economic support over inflation risk seemed like the right move: Many emerging market central banks initially offset the impact of fleeing foreign investors and rising borrowing costs, while helping to lift their stock prices. Coronavirus, of course.
Or more precisely, a vaccine to fight it. Yesterday, Nakae took another look at Ocugen at its present share price, and declared it overpriced, downgrading the shares to Neutral i. To watch Nakae's track record, click here Why is Nakae having second thoughts about Ocugen now? Valuation is obviously a concern, and certainly the primary one.
While it may seem that the financial services enterprise doesn't have any stake in which way MGM decides, the truth is that Morgan Stanley might benefit from being retained to assist in any merger that eventuates. Thus, it has an incentive for presenting as rosy a picture as possible for legalized sports betting. Although far be it from us to suggest in any way, shape, or form that as honorable and upstanding an organization as Morgan Stanley would ever allow its objectivity and integrity to falter.
However, the Murphy v. Now, individual states are free to legislate for sportsbook legalization if they choose to do so. Under the terms of the relevant laws that were passed shortly thereafter, sportsbooks have already opened up in New Jersey , Delaware , West Virginia , and Mississippi. Furthermore, a New Mexico tribe has begun sportsbook operations , based on its understanding of federal Indian law and its tribal compact, without waiting for state lawmakers to pass a bill.
Pennsylvania has already enacted the necessary legislation, and its Gaming Control Board has begun approving sports betting license applications, but as yet, no actual PA sportsbooks have appeared. Several other states, including New York , Rhode Island , and Arkansas , are expected to legalize this form of gambling in the next few years. Some of the legal sportsbetting states have a full menu of physical, online, and mobile betting products available, but others have restricted sportsbooks to solely brick-and-mortar locations.
In areas without betting via internet and mobile device, we can expect these expansions to occur before too long once the authorities get a taste for the kind of money they can derive from taxing this action. Morgan Stanley's anticipation that all 50 states will eventually host legal sportsbooks is almost assuredly way too optimistic. Still, there is hope for those who aren't fortunate enough to reside in areas that have state-regulated sports betting options.
They can always head online and place their bets at an offshore gambling site. There's nothing legally questionable about participating in this activity as a bettor. It's a different case for those actually offering the bets, but they're located far away in jurisdictions where the U. Check out our list of the best offshore USA sportsbooks to learn more about some of our top-rated sites.
For information on other online wagering pastimes, browse over to our list of recommended internet casinos or our thorough USA guide to poker online. Visit Wild Casino. Read the full Wild Casino Review. Try Joe Fortune instead. Bet on These Stocks. Please note that Van Eck Securities Corporation an affiliated broker-dealer of Van Eck Associates Corporation may offer investments products that invest in the asset class es or industries discussed herein.
This is not an offer to buy or sell, or a solicitation of any offer to buy or sell any of the securities mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice.
Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. The information herein represents the opinion of the author s , but not necessarily those of VanEck. All investing is subject to risk, including the possible loss of the money you invest.
You have that something extra, the star quality, the intangibles that put you on top in fiercely competitive industries. You already have the vision but you may need the plan. Every sports and entertainment profession is unique with its own characteristics, earnings profile and variable career span. You require a Financial Advisor who knows the industry and how money flows from your work to your wallet. Our Financial Advisors are Global Sports and Entertainment Directors, chosen for their advanced experience working within very specific fields.
Start the Conversation. Assembling a team of trusted professionals to manage your career—and your money—is essential to help put you in the best position to thrive. Achieving stardom at an early age is the dream of many child entertainers and their parents. But with fame comes a fortune that parents must properly manage. Coogan Accounts play a key role.
Successful creative professionals often struggle with unusual problems or fears related to their atypical careers. Learn how to confront your unique issues. Morgan Stanley and the NFLPA have collaborated to help bring you the tools to build your own wealth, for generations to come. Consider it your greatest play of all time. Your life is filled with people who have supported and encouraged you.
Our Sports and Entertainment Directors are an integral part of that team, working alongside your agent, business manager and personal confidants. We believe that a cohesive and connected team is best suited to help high achievers make smart choices about their wealth. For over 80 years, Morgan Stanley has worked with individuals, institutions, corporations and governments to bring visionary ideas to life and enable positive change in the world.
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