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Best Esports Stocks To Add to Your Watchlist - August 30th

Sphere Entertainment logo with Consumer Discretionary background

Key Points

  • Sphere Entertainment, PENN Entertainment, and Madison Square Garden are identified as the top Esports stocks to watch, based on recent high trading volumes.
  • Investing in these stocks provides exposure to the rapidly expanding esports industry, which encompasses game publishers, hardware manufacturers, and streaming platforms.
  • Each of these companies operates within various segments of the entertainment and sports sectors, including live events and online casino gaming.
  • MarketBeat previews the top five stocks to own by October 1st.

Sphere Entertainment, PENN Entertainment, and Madison Square Garden are the three Esports stocks to watch today, according to MarketBeat's stock screener tool. Esports stocks are publicly traded shares of companies that generate significant revenue from competitive video gaming, including game publishers, hardware manufacturers, tournament organizers and streaming platforms. Investing in these stocks allows investors to gain exposure to the rapidly growing esports industry and its related hardware, software and media ecosystems. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

Sphere Entertainment (SPHR)

Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.

Read Our Latest Research Report on SPHR

PENN Entertainment (PENN)

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

Read Our Latest Research Report on PENN

Madison Square Garden (MSGS)

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.

Read Our Latest Research Report on MSGS

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Should You Invest $1,000 in Sphere Entertainment Right Now?

Before you consider Sphere Entertainment, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sphere Entertainment wasn't on the list.

While Sphere Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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