Ronaldo Return Brings Big Mutual Fund Buy in Manchester United
Mutual fund company Ariel Investments has taken a 13.8% stake in Manchester United, according to a filing with the Securities and Exchange Commission Friday…
Stocks
Prime
Sports Betting Stocks Surge Again as NFL Season Begins
Sports stocks rebounded to gain more than 8% in August, led by sports betting shares, which fought off their mid-summer bears to lead the JohnWallStreet Sports Stock…
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Sports Stocks Suffer in July as Betting Shine Dulls for Investors
Sports stocks suffered their worst month in a year, as sports betting-related issues tallied losses with investors reconsidering the lofty valuations they placed on…
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Topps, Endeavor Among Additions to Sports Index as June Treads Water
The JohnWallStreet Sports Stock Index is adding five new companies—and dropping five others—after the sports business benchmark wound up level for June. The 40-stock…
No, Ronaldo Didn’t Wipe Billions From Coke’s Value
The power of celebrity is on full display at Euro 2020, the European soccer tournament that finally kicked off on June 11 after being delayed a year because of the…
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Late May Surge Sends Sports Stocks to Victory Over S&P 500
Sportico‘s benchmark sports stock index edged out the broad market in May, as a late-month rebound pulled equities from a mid-month slump to tally a modest gain heading…
Knicks and Rangers Revenue Plunges 31% in COVID-Hit Third Quarter
Revenue declined almost $85 million for the New York Knicks and Rangers in the third quarter, as pandemic restrictions on fans gutted ticket, concession and merchandise…
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Sports Stock Index Posts April Gains Amid League, Betting Tumult
The JohnWallStreet Sports Stock Index rebounded in April to finish up nearly 3%, a modest gain even as many component stocks experienced wild swings in the month. The…
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Sports Stocks Muddle Through March as Tiger Cub Mauls Broadcasters
Investors in sports like to cite the industry’s relative insulation from the forces that usually roil markets. But the March performance of the JohnWallStreet Sports…
MSG Arranges Discount Buy of TV Network in Sports Betting Play
Two of the publicly traded Madison Square Garden businesses are merging in a move driven by the expansion of sports betting, according to the company. Madison Square…
DraftKings CEO Robins Joins Billionaire Ranks as Stock Soars
DraftKings shares continued their climb Wednesday, as investors cheered what they heard at the company’s virtual investor presentation yesterday. The stock is now up…
DraftKings Added to Norway Wealth Fund as Knicks, Braves Trimmed
Norway’s massive sovereign wealth fund cut back on sports team holdings in 2020, slashing its stake in Bundesliga headliner Borussia Dortmund to nearly zero and cutting…
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New Tori Amos Studio Album, ‘Ocean to Ocean,’ Due Next Month
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With Her Market Ascending, Hilary Pecis Joins Los Angeles’s David Kordansky Gallery
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The best home security camera on Amazon just got a rare discount
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