Investors need to pay close attention to Caesars Entertainment (CZR) stock based on the movements in the options market lately.
Investors are in a gambling mood for S&P 500 stocks again. And it's paying off. If you invested $10,000 in January in the top-performing stock in the S&P 500 at the time and reinvested that in each month's top performer, including Caesars Entertainment in June, you'd have $49,604 now, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
Sports betting is a huge, rapidly growing business in the U.S. According to Statista, the revenue of the U.S. online sports betting market reached about $19 billion in 2023, up from roughly $15 billion in 2022. And in 2026, the sector’s sales are expected to surge to nearly $40 billion. Moreover, between 2024 and 2029, experts predict that the space’s compound annual growth rate will be an impressive 12%, while they estimate it will attract nearly 55 million users by 2029. Providing more evidenc