Posts from: Blog

Stock Market Down in February, Just Like January 2022 – by James R. Wigen, Portfolio Manager, Independent Financial Management

In the past couple weeks we have heard earnings announcements from large, mid and small cap companies, results from those announcements all seem to cause their stocks to react the same, DOWN.  Some will say stocks were still to high when those companies... (more...)

Sports Betting Will Hit New Records During Super Bowl – mentioned DKNG & PDYPY, updated by James R. Wigen, Sr. Portfolio Manager at Independent Financial Management

On the sports gambling front, the American Gaming Association projected on Tuesday that a record 31.4 million Americans would bet $7.6 billion on the Bengals-Rams game. That’s up from $3.3 billion wagered on the 2021 Super Bowl between the Brady-led... (more...)

Gaming, Streaming, Online Gambling, Industry Consolidation is Heating Up by James R. Wigen, Sr. Portfolio Manager, Independent Financial Management

-Sony Interactive Entertainment’s deal for video game maker Bungie follows Take-Two’s $12.7 billion agreement to buy Zynga and Microsoft’s $69 billion Activision Blizzard acquisition. -Bungie is behind the multiplayer shooter games Destiny and Halo,... (more...)

China’s EV Recent Car Sales – BYD, NIO, XPEV, LI, TSLA by James R. Wigen, Independent Financial Management

China EV Sales Boom –  BYD sold 93,168 so-called new energy vehicles (NEVs) in January, up 362% vs. a year earlier. That’s just below December’s 93,945, according to CnEVPost.com, which cited a regulatory filing. January’s NEV... (more...)

DraftKings (DKNG) Is ‘Too Big an Opportunity to Ignore.’ Penn National (PENN) Also Upgraded by James R. Wigen of Independent Financial Management

Online sports betting can stage a strong comeback this year, making DraftKings a solid wager, according to analysts at Morgan Stanley. Penn National Gaming also received an upgraded from analysts at Macquarie Research. Morgan Stanley analyst Thomas Allen... (more...)

WynnBet App (WYNN) Is For Sale, CEO Cites Unsustainable Sports Betting Market – DKNG, PDYPY, MGM, CZR mentioned by James R. Wigen of Independent Financial Management

Only a few months after launching an advertising campaign that featured the gigantic presence and personality of former NBA star Shaquille O’Neal, online sportsbook WynnBet is for sale. The move signals what may be a thinning out of the online sports... (more...)

ChargePoint (CHPT) Upgraded by J.P. Morgan by James R. Wigen of Independent Financial Management

ChargePoint Upgraded by J.P. Morgan. Stock’s Pullback Could Be a Good Entry Point ChargePoint Holdings (CHPT) shares were up Friday after J.P. Morgan upgraded its rating, citing the stock’s recent pullback coupled with increased confidence... (more...)

Louisiana sports betting has arrived and mobile betting apps will launch on Friday, January 28! Updated by James R. Wigen

The action has already begun, as ten brick-and-mortar casinos are already offering wagers on sports. Louisiana sports betting apps are currently offering pre-launch bonuses worth $100-3,000 just for registering before the official launch. The action will... (more...)

Nasdaq Performs Best During Fed Rate Hikes Since 1994 & Individual Stock News by Sr. Portfolio Manager James R. Wigen -click here-

Since the beginning of 2022 we have seen Stocks drop to levels we have not seen for quite some time.  In my view, some of the reasons the market has dropped is a little overdone.  There is no doubt the Fed Funds rate will start to go up soon, how much... (more...)

How Will Stock Market Perform in 2022 by Portfolio Manager James R. Wigen -click here-

I do think there are a few sectors that will dramatically outperform the broader market. Individual stocks will be a much better way to grow your portfolio than buying Index Funds or Mutual Funds, assuming your risk profile allows for growth investments. For... (more...)

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