Insights: Bullish Stocks
Online Gambling Stocks Poised To Clean UpBelow we lay out what we believe is a compelling case to add exposure to online gambling/sports betting stocks at current levels.
· A Growing Industry Regardless of COVID-19. The pandemic and subsequent lockdowns and in-casino capacity limits has accelerated the online gambling and sports betting industry -- an industry that was already growing at a staggering pace prior to COVID-19. Additionally, it has become increasingly clear that professional sports intend to do whatever they can to stay up and running despite ongoing coronavirus concerns.
· The Group Is Breaking Out In Sync. The primary focus of this report is on online gambling and sports betting stocks in the UK and Europe, as our European Casinos & Gaming Group (int'l CD-36) exhibits major bullish price and RS inflections. At the same time, it helps that online gaming and sports betting stocks are attractive globally, with price and RS uptrends intact for the Roundhill Sports Betting & iGaming ETF (BETZ-US). This is a broad-based move which gives us a high degree of confidence that price and RS appreciation is likely to continue.
Evolution Gaming Group AB (publ) is a Sweden-based company active in the Internet services sector. It develops, produces, markets and licenses integrated business-to-business (B2B) live casino solutions for gaming operators. Its solutions allow a live table gaming by streaming of professional croupier services to end users via the online casino and gaming platforms. The Company has offices and production studios in the United Kingdom, Sweden, Malta, Italy, Spain and Latvia.
Kindred Group is an online gaming operating group based in Malta. Co.'s business is structured around sports betting, casino, poker, bingo and soft games. A choice of these products is available to players via websites in 27 different languages. Co.'s sports betting service offers a comprehensive range of odds on a variety of international and local sports events. Co.'s sportsbook portfolio consists of fixed odds pre-game and live betting as well as pool betting products Supertoto and Superscore. Co.'s Unibet Casino is an online system that connects players with table games as well as slots and jackpot games. Co. maintains over 7.2 million registered customers in more than 100 countries.
William Hill is a gambling company. Co. is engaged in gambling business across four divisions: Online, which comprises all online and telephone activity outside of Australia, including sports betting, casino, poker sites and other gaming products along with telephone betting services; Retail, which comprises all activity undertaken in licensed betting offices including gaming machines; Australia, which provides sports betting products online, by telephone and mobile devices; and U.S., in which Co. is the operator of land-based sports betting shops in Nevada. Other activities include on-course betting and greyhound stadia operations.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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