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With COVID-19 still around, many fans were worried if they would miss all the goodness of Super Bowl this year. But all sports afficiandos breathed a sigh of relief when the National Football League (NFL) year championship game was not cancelled. On Sunday, February 7, many flocked before their televisions to watch the Super Bowl 55 between the Tampa Bay Buccaneers and the 2020 champion Kansas City Chiefs.
Sports fans aside, investors too have been keeping an eye on Super Bowl as the event comes with substantial market and business impact as well. So, let’s find out what stocks you should have in your kitty during the time of Super Bowl.
Super Bowl Excitement Sends Gaming Stocks On A Roll
You cannot talk about stock trading around Super Bowl and not mention a gaming stock or two. Ahead of the sporting event, stocks of digital sports company DraftKings (NASDAQ:DKNG, DKNG:US) jumped about 18 per cent in February to date, while Dublin-based Flutter Entertainment (LON:FLTR, PDYPF:US) climbed about six per cent.
But Canadian gaming stock Score Media and Gaming Inc (TSX:SCR) swelled by nearly 17 per cent on Friday alone, two days before Super Bowl. The stocks climbed by over 31 per cent in February so far and by over 157 per this year.
©Kalkine Group 2021
Now, Let’s Talk Food…Stocks!
Sports and food go hand-in-hand – hotdogs at the stadium, pizzas for a big game night before the TV, beer to cheer your favorite team, etc. Stock wise, two food stocks you should fetch around the Super Bowl season is Boston Pizza (TSX: BPF.UN) and Chipotle (NYSE: CMG, CMG:US).
Boston Pizza Royalties Income Fund Units ballooned by about 60 per cent in the last six months and by over seven percent in February alone. The pizza stock also pays a dividend of C$ 0.065 on a monthly basis, which currently holds a yield of 6.915 per cent.
Stocks of Chipotle Mexican Grill Inc swelled by a significant 80 per cent in 2020 and by almost nine per cent in 2021 thus far. The company also recently released its latest financial data, which reflected a revenue increase of nearly 12 per cent year-over-year (YoY) to US$ 1.6 billion in Q4 2020 and of 7.1 per cent YoY in to US$ 6 billion annually last year.
What’s Super Bowl Without TV…Stocks!
The importance of televisions and similar virtual mediums (phones, computers, etc) rises pointedly ahead of the Super Bowl season. This year, with the pandemic being a driving factor, TV sales swung up higher than usual. A study conducted by a US market research company, The NPD Group, found that Americans brought home 20 per cent more televisions in 2020. That number, with also the added deals from big brands, can only expected to be higher around the Super Bowl season.
Speaking of big TV brands and higher sales around the Super Bowl, stocks of Sony Corporation (NYSE:SNE, SNE:US) catapulted by over 18 per cent in February nearly 44 per cent in the last six months. Sony also witnessed a stock jump last week after it reported generally positive earnings in its latest financial data on Wednesday, February 3. The top electronics company saw a nine per cent YoY jump in its revenue of 2,695.5 billion yen, and a 62 per cent YoY increase in its net income of 371.9 billion yen for Q3 2020.
Ahead of the big sporting weekend, stocks of fuboTV Inc (NYSE:FUBO, FUBO:US) also caught the eye of many investors. The streaming TV service, which caters on all things sports, began trading on the New York Stock Exchange (NYSE) in October last year following a US$ 183-million IPO.
Stocks of fuboTV soared by over 74 per cent this year and by a whopping 230 per cent in the last three months. From its IPO share price of US$ 10 in October, the stocks have ballooned by nearly 388 per cent in the last four months.
With the fever of the Super Bowl still around, it’s time to stash these stocks in your kitty right away!
The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.
