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[5 minutes to read] Plus: Wawa heads South
Together with
By Matthew Gutierrez and Shawn O’Malley
Between dazzling stock charts and flashing price quotes, it’s easy to forget that corporate earnings are what fundamentally drive stock returns over time.
On that front, fourth-quarter earnings are looking great: Of the roughly 360 S&P 500 companies that have reported earnings, 58% have “substantially beat” estimates (i.e., by at least one standard deviation), according to Goldman Sachs.
💭 Meanwhile, as our Chart of the Day shows, it’s a particularly good time to be in the sports-betting biz like Draft Kings — its stock is up over 150% in the last year as Americans spend more than ever on online gambling.
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss:
A big investor’s private equity plea
Wawa billionaires bet on the South
LeBron James’ booming business
All this, and more, in just 5 minutes to read.
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