Don’t look now, but we’re a month away from the official arrival of Summer 2021.
The weather is getting hot and the world has a year of cabin fever to shake off.
About 40% of Americans are fully vaccinated now and another 10% have had their first dose.
With those numbers rising, mask mandates and capacity restrictions are being lifted across the country.
As economic activity returns to the pre-pandemic normal, we’re seeing rebounds in travel, food service and retail…
But after everyone is done flying, eating and shopping… they’ll want to be entertained.
And like those other sectors, that gives traders another round of opportunity to capitalize beaten-down stocks before they return to form.
And I’m laying down a big bet that these two companies will beat the odds…
Earlier this week, I bought $40,000 worth of sport betting stocks in Draftkings Inc. (Nasdaq: DKNG) and Penn National Gaming Inc. (Nasdaq: PENN) (I also threw down $40,000 on Tesla).
Because if there are two things that Americans love, it’s sports and gambling — I know I do.
Sports betting skyrocketed through the pandemic. According to the American Gaming Association, Americans wagered $12.97 billion in the first quarter of 2021. That’s a 270% increase year over year.
On top of our love of gambling, these names have pulled back massively from their recent highs.
These sports betting stocks are down between 30% and 40% since March. It feels like I’m buying these stocks on Groupon.
I love them at these levels and they’re already starting to bounce, which is great for growth stocks.
Even better, sports are coming back in a big way.
Baseball is in full swing… Capacities are going up just in time for the NHL and NBA playoffs… The WWE and UFC are starting to tour again after months of isolation….
People are so eager to get out that it’s going to be a huge opportunity for DKNG and PENN.
There are two more big reasons why I think these sports betting stocks have tremendous profit potential here, so be sure to check out the short video below. Head over to our YouTube channel to subscribe if you haven’t already, and don’t forget to leave a comment and let me know what I should buy next.
P.S. I’m getting ready to reveal how I spot trades with the chance to return upward of five times my initial investment — every single month.
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Traders have never seen anything quite like this before.
With my Weekly Blitz Alert, people can throw their old buy-and-hold strategy out the window. And forget spending hours reading through pages of earnings reports and squinting at stock charts.
To start collecting these 24-hour home runs, all one needs to do is follow my trading instructions the minute I issue a Blitz Alert. It’s that simple.