Americans love to bet on sports.
Look at the Super Bowl, for example.
According to the American Gaming Association, $7.61 billion was bet on the Super Bowl in 2021. In 2022, the AGA estimated that more than $8 billion would be wagered. In 2023, $16 billion was wagered. In 2024, about $23.1 billion. In 2025, nearly $30 billion. With the 2026 Super Bowl set for early February, we’re already seeing action in stocks such as:
DraftKings (DKNG), which is up about 70 cents today at $36.35.
Flutter Entertainment (FLUT), which is up about $3.93 at $222.22 today.
UBS analysts have reiterated a buy rating on Nvidia (NASDAQ: NVDA).
The firm said NVDA is “hosting a keynote on Monday night, where we expect it may give a little more information about Rubin and the QuantumX/SpectrumX silicon photonics switches, and perhaps further outline how the new Groq technology licensing deal fits into its AI factory vision,” as quoted by CNBC.
Live coverage has ended. The full story is below.
As we get into the new year, the major indices are still exploding higher.
The S&P 500 is up 30 points. The SPDR S&P 500 (SPY) is up just over three points. The Dow Jones is up 86 points, as the Nasdaq soars 222 points. Gold prices are up $93 in reaction. Silver is up about $3.50. Even energy stocks are pushing higher on speculation that they’ll benefit from rebuilding Venezuela’s oil infrastructure.
Chevron (NYSE: CVX | CVX Price Prediction) is $11 higher because it’s seen as the biggest beneficiary, thanks to its existing presence in Venezuela.
In addition, the capture of Venezuela’s leader, Nicolas Maduro, and his wife Cilia Flores, is not having a big impact on markets because it’s not likely to lead to a full-scale fight.
As noted by analysts at Evercore ISI, “This is a significant geopolitical event though unlikely to be a major near-term market-mover,” as quoted by CNBC. “For now, investors are left to navigate a now-familiar landscape of Trump’s likely purposeful ambiguity around his next steps.”
Shares of Coinbase (NASDAQ: COIN) are up $12 a share.
All after Goldman Sachs upgraded the stock to a buy rating with a $303 price target. The firm cited that COIN’s underperformance has opened an attractive opportunity. It also noted that higher valuation should occur over time as COIN shifts from cyclical to structural growth.
Analysts at Mizuho just advised buying the dip in Costco (NASDAQ: COST). The firm now has an outperform rating on COST with a price target of $1,000 from $950 a share.
Analysts at Evercore ISI just reiterated an outperform rating on Amazon (NASDAQ: AMZN), noting that it likes the tech giant’s AI-powered assistant. “We reiterate our Outperform and $335 PT on AMZN in the wake of our deep-dive analysis into Rufus, Amazon’s AI-powered shopping assistant,” they said, as quoted by CNBC.
Contact [email protected] for any questions or corrections.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
The major indices could see higher highs, especially with inflation cooler than expected. In fact, CPI, or the consumer price index, hit 3%, which was lower than the 3.1% expected for September. Then, once…
The major indices could see higher highs, especially with inflation cooler than expected. CPI, or the consumer price index, hit 3%, which was lower than the 3.1% expected for September. Once we cut out…
The major indices are exploding higher – again. All thanks to impressive earnings, cooling trade war tensions, interest rate cuts from the Federal Reserve, and cooling inflation. No wonder analysts are still pounding the…
After days of swimming in red, the S&P 500 is up about 12 points in the pre-market. The SPDR S&P 500 ETF (SPY) is up about two points. Meanwhile, the Dow is up 38…
Stock futures are mixed, but the Nasdaq is expected to open higher. Fueling upside, President Trump announced that the U.S. reached an agreement with the European Union to lower tariffs to 15%. Magnificent 7…
IBM's surprise earnings warning is dragging the Dow lower while a cooler-than-expected inflation print gives the S&P 500 room to recover. Find out which analyst upgrades and bold price targets are shaping where money…
The pullback is getting worse for markets. The S&P 500 is now below the 50-day moving average, which has been support since early August. And unfortunately, its 39-point decline in premarket may set it…
Analysts are doubling down on market leaders, with fresh upgrades for Nvidia, AMD, Walmart, Amazon, and Broadcom. Firms like Cantor Fitzgerald, Piper Sandler, Wolfe Research, BMO, and Goldman Sachs are raising price targets, citing…
Markets are still exploding higher pre-market. For one, markets are waiting for the Federal Reserve’s decision later today. “Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a…
