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US stock futures hit pause on Wednesday after a record-setting session for the Dow as investors braced for another packed day of earnings highlighted by Tesla (TSLA) and IBM (IBM). Futures on the Dow Jones Industrial Average futures (YM=F) and the tech-heavy Nasdaq 100 (NQ=F) were little changed. Contracts on the the S&P 500 (ES=F) rose 0.1%. Wall Street is on watch for the next rush of earnings, after upbeat blue-chip results on Tuesday helped propel the Dow (^DJI) to a new all-time closing high. Tesla ...

Core Insights - Deutsche Bank has been recognized as Advisor of the Year at the American Gambling Awards for its role as the exclusive financial advisor to Intralot S.A. in the €2.7 billion acquisition of Bally's International Interactive business [1] Group 1 - The award highlights Deutsche Bank's contributions in strategic, financial, and legal advisory services [1] - This recognition builds on Deutsche Bank's previous accolades, including winning the Dealmaker of the Year category in 2022 and co-winning in 2024 [1]

Core Viewpoint - DraftKings Inc. (NASDAQ:DKNG) is identified as a strong investment opportunity with over 50% upside potential following a rating upgrade from Berenberg analyst Jack Cummins, who changed the stock rating from Hold to Buy and adjusted the price target from $45 to $43 [1][2]. Company Overview - DraftKings Inc. operates in the digital sports entertainment and gaming sector, offering a range of services including online casino, online sports betting, retail sportsbook, daily fantasy sports, media, and other consumer products [3]. Market Context - The recent volatility in prediction markets and the decline in share prices of gambling companies have created new investment opportunities, prompting Berenberg to upgrade DraftKings based on valuation after a recent selloff [2].

Betting firm Paddy Power to close 57 shops in UK and Ireland https://t.co/GObPtkqjfu ...

BetMGM lifted its full-year earnings guidance after it reported a strong third-quarter performance boosted by growth in its iGaming and online sports divisions https://t.co/yDTPklTeVm ...

Industry Overview - The consumer discretionary sector experienced moderate growth in the first three quarters of 2025, with expectations for improvement in the fourth quarter [1] - The sector is growth-oriented, with share prices increasing over the long term and being sensitive to market interest rates [1] Federal Reserve Actions - The Federal Reserve cut the benchmark lending rate by 25 basis points in September 2025, with two more cuts expected this year [2] - Current probabilities for further rate cuts are 95.7% for October and 86.5% for December [2] Impact of Low-Interest Rates - A low-interest rate environment reduces discount rates, increasing the net present value of investments in growth stocks, benefiting sectors like consumer discretionary, technology, and cryptocurrency [3] Recommended Stocks - Five consumer discretionary stocks with favorable Zacks Ranks and solid short-term upside potential are identified: Carnival Corporation & plc (CCL), Norwegian Cruise Line Holdings Ltd. (NCLH), Las Vegas Sands Corp. (LVS), Stride Inc. (LRN), and Planet Fitness Inc. (PLNT) [3][4] Carnival Corporation & plc (CCL) - CCL is benefiting from resilient travel demand, stronger booking trends, and disciplined cost management, leading to an increase in full-year 2025 guidance [7] - Expected revenue and earnings growth rates for CCL are 6.4% and 49.3% for the current year, with a 5.5% improvement in earnings estimates over the last 30 days [10] - The short-term average price target indicates a potential increase of 25.8% from the last closing price of $28.09, with a maximum upside of 53.1% [11] Norwegian Cruise Line Holdings Ltd. (NCLH) - NCLH is experiencing strong consumer demand and solid onboard spending, with record advance ticket sales of $4 billion [12] - Expected revenue and earnings growth rates for NCLH are 6% and 14.8% for the current year, with a 1.5% improvement in earnings estimates over the last seven days [14] - The short-term average price target suggests a potential increase of 32.7% from the last closing price of $23.04, indicating a maximum upside of 86.6% [15] Las Vegas Sands Corp. (LVS) - LVS is benefiting from strong travel demand and improved operating conditions in Macao and Singapore, with a focus on capital investments [16] - Expected revenue and earnings growth rates for LVS are 7.7% and 17.6% for the current year, with a 1.5% improvement in earnings estimates over the last 30 days [17] - The short-term average price target indicates a potential increase of 30.4% from the last closing price of $46.47, with a maximum upside of 58.2% [18] Stride Inc. (LRN) - LRN provides K-12 education and career learning services, with a focus on developing skills for various industries [19][20] - Expected revenue and earnings growth rates for LRN are 10.7% and 8.8% for the current year, with a 2.7% improvement in earnings estimates over the last 30 days [21] - The short-term average price target suggests an increase of 18.5% from the last closing price of $144.99, indicating a maximum upside of 28.3% [22] Planet Fitness Inc. (PLNT) - PLNT is a leading operator of fitness centers, benefiting from higher royalties and new member acquisitions [23] - Expected revenue and earnings growth rates for PLNT are 10.1% and 13.1% for the current year, with a 0.7% improvement in earnings estimates over the last 90 days [25] - The short-term average price target indicates a potential increase of 29.2% from the last closing price of $92.67, with a maximum upside of 88.8% [26]

Over the last three years, many of the gambling industry’s biggest companies, from Wynn Resorts to Las Vegas Sands to Caesars, have fought to get a license to open a casino in New York City, which has never had one before. Now, there are just four contenders remaining and only three licenses available, each promising billions of revenue over the next decade. https://t.co/PRPIvgEcm8 (Photo: SHoP Architects Field Operations) ...

Core Insights - Shayne Coplan, founder and CEO of Polymarket, has become the world's youngest self-made billionaire following a $2 billion investment from Intercontinental Exchange (ICE) at an $8 billion pre-money valuation [1][2] - Polymarket, launched in June 2020, allows users to wager on real-world outcomes using cryptocurrency, gaining significant traction during the 2024 U.S. presidential election with over $3 billion wagered [2][4] - The company faced regulatory challenges, including a $1.4 million penalty from the CFTC in 2022, but has since acquired QCEX, a CFTC-licensed exchange, allowing it to operate legally in the U.S. [3][4] Company Overview - Polymarket was founded by Shayne Coplan in June 2020 after a year of research into prediction markets [2] - The platform enables users to bet on various outcomes, including elections and sports, utilizing cryptocurrency [2] - The company has transformed from a niche crypto experiment to a significant player in the gambling and financial forecasting industries [4] Regulatory Developments - In 2022, Polymarket settled with the CFTC for $1.4 million over illegal trading allegations, leading to the blocking of U.S. users [3] - Following regulatory scrutiny, the company acquired QCEX, providing it with legal grounds to operate in the U.S. and marking a shift towards regulatory compliance [4] Market Impact - Polymarket's success has attracted attention from rival platforms, such as Kalshi, which has partnered with Robinhood Markets to offer similar betting options [5] - The platform's innovative blend of blockchain technology and market-driven predictions has garnered interest from both retail and institutional investors [4]

Betting stocks getting slammed this week as the gambling space gets more crowded with the likes of Kelshi trying to grab market share. DraftKings down nearly 15% on pace for its worst week since February. While Flutter, the parent company of FanDuel is lower by 9% and now negative for the year.But both slightly higher today after a Nevada official or Nevada federal judge rather ruled that sports predictions markets do not qualify as swaps, which could mean less regulation for online betting moving forward. ...