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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
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Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
Sell every Stock except ONE (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Labour conference starts with focus on 'immoral' tax cuts
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
Sell every Stock except ONE (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Labour conference starts with focus on 'immoral' tax cuts
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
Sell every Stock except ONE (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Labour conference starts with focus on 'immoral' tax cuts
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Germany secures more gas shipments as Scholz visits Gulf
Sell every Stock except ONE (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
Labour conference starts with focus on 'immoral' tax cuts
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar

Virgin Galactic Stock Reeling After Bernstein's Bearish Turn

Virgin Galactic Holdings Inc (NYSE:SPCE) is down 3.5% at $6.06 at last check, after the space travel concern received a downgrade at Bernstein from "market perform" to "underperform," and a price-target cut from $7 to $4. The analyst in question noted the company's pattern of delaying future flight operations, platform redesigns, and need to raise more cash. With commercial flights expected only in 2023 amid higher interest rates, the firm added potential equity sales seem "highly dilutive." 

Bernstein is joining a bearish brokerage bunch, with five of seven analysts in question calling SPCE a tepid "hold" or worse coming into today. Plus, the 46.54 million shares sold short make up 22.4% of the equity's available float, or over one week's worth of pent-up buying power.

Options bears are chiming in as well, with 2,500 puts exchanged so far, which is triple the intraday average, compared to 1,688 calls. Most popular by far is the September 6 put, followed by the 9/9 6.50-strike call. 

Though calls still outpace puts on an overall basis, investors have been picking up puts at a much faster-than-usual pace of late. This is per SPCE's 10-day put/call volume ratio of 0.71 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 92% of readings from the past year. 

A familiar floor at the $5.50 level contained Virgin Galactic stock's pullback last week, but the equity remains down 53.1% year-to-date. The 20-day moving average has also been keeping a tight lid on the shares, which may today snap their three-day win streak. 

7 Sports Betting Stocks to Buy for Their Long-Term Possibilities

Since 2018, one of the most compelling sectors for growth-oriented investors is the sports betting sector. That was the year the U.S. Supreme Court allowed states to legalize sports betting. Since then 30 states have taken that step including New York and New Jersey which are two key markets. In fact, the state of New York broke a record when it legalized online sports betting in January 2022.

This makes it a good time to consider investing in sports betting stocks. Many of these stocks are trading at significant discounts as part of the broad market sell-off. The reason for this is competition. There are a nearly endless number of online sportsbooks competing for consumer dollars.

And it would appear there's enough revenue to go around. According to Data Bridge Market Research, the global sports betting market is expected to grow at a compound annual growth rate of 10.26% between now and 2029.

With that said, sports betting stocks are definitely risk-on assets. And the payoff may be years away.  But if you have time and have a tolerance for risk, here are seven sports betting stocks to consider for solid upside gains.

View the "7 Sports Betting Stocks to Buy for Their Long-Term Possibilities".

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