NFL COVID Cases Put DKNG to the Test

Hey team, I don't know about you, but I've been having a good time watching the opening of football season. All the players are fired up, and it has seemed to appear like the NFL has this whole COVID thing under control. All the coaches, refs, and support on the sidelines are wearing masks. But just as things were getting off to a hot start, a little bit of bad news just surfaced. As of Tuesday, the Titans and Vikings suspended activities following positive COVID tests. That includes three players and five other personnel on the Tennessee Titans team— meanwhile, reports are still pending from the Vikings, their opponents from the previous week. For us as spectators, the question at this point is, "Did the NFL jump the gun on football season?" As traders, the question is, "How will this affect the related stocks." Stocks in danger are Comcast (CMCSA), Fox (FOX), Disney (DIS), ViacomCBS (VIAC), (VIACA), AT&T (T), Penn National Gaming (PENN), and DraftKings (DKNG). I happened to have taken two 100%+ winners on separate pieces of my position in DKNG just before the news hit. So I want to talk a little bit about what I'm anticipating forward, given I still have money on the table. I also want to provide some pointers for defensive strategies, in the event things take a turn for the worse. Continue reading...

Ben Sturgill

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