Stocks that traded heavily or had substantial price changes Tuesday:
TransDigm Group Inc., down $5.31 to $618.33.
The aircraft parts maker is selling its Technical Airborne Components business to Searchlight Capital Partners.
Fastenal Co., down 73 cents to $49.98.
The distributor of nuts, bolts and screws told investors that it is seeing rising pressure on costs.
Danaher Corp., up $8 to $242.84.
The industrial and medical device maker gave investors an encouraging first-quarter revenue update.
Amarin Corp., down 76 cents $5.08.
The biopharmaceutical company said CEO John F. Thero is retiring and will be replaced by Karim Mikhail.
Nicolet Bankshares Inc. down $6.74 to $77.86.
The bank is buying Mackinac Financial for about $250 million in cash and stock.
NovoCure Ltd., up $65.45 to $197.33.
The cancer treatment developer gave investors an encouraging update on its potential lung cancer drug.
American Airlines Group Inc., down 35 cents $22.56.
Airlines and other travel-related companies slipped over concerns that COVID-19 vaccine distribution could slow.
Johnson & Johnson, down $2.16 to $159.48.
U.S. health authorities recommended a “pause” in administration of the company’s single-dose COVID-19 vaccine.
Featured Article: What’s a Black Swan?7 Sports Betting Stocks That Will Shine Beyond March Madness
One of the many consequences of the novel coronavirus was the shutdown of live sports. For sports-minded individuals, one of the events that were missed the most was the NCAA Basketball Tournament affectionately known as March Madness.
But in addition to missing the entertainment that sports provide, cities and states realized, if they didn’t already, that sports are an economic necessity.
Live sports may also be a key to their post-pandemic future. But this goes beyond hotels and restaurants.
Sports betting has become big business. Currently, 25 states and the District of Columbia have legalized sports betting either by statute or by ballot initiative. That list is likely to grow. Many states face budget deficits and want to legalize sports betting for the revenue that it could receive.
And this is about more than allowing gamblers to place bets via a sportsbook in a casino. The real driver for this is mobile sports betting. According to the American Gaming Association, over 47 million people are expected to place bets during the NCAA basketball tournament, with approximately one-third of those bets (17.8 million) being placed online.
To help you take advantage of this still-emerging trend, we’ve put together this special presentation. Here we’ll highlight seven sports betting stocks that should generate significant revenue during March Madness and beyond.
View the "7 Sports Betting Stocks That Will Shine Beyond March Madness"
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