The NFL season is almost here. These stocks could benefit — for a few days

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Over the past three years, a Bank of America index tracking sports betting stocks has risen in the five days leading up to the season's first kickoff.

The NFL season is just around the corner, and the growing excitement might create a short-term trading opportunity in a sector that caters to football fans. The 2023 season starts on Sept. 7, with the defending Super Bowl champion Kansas City Chiefs hosting the Detroit Lions. The next few days could be a good short-term trading opportunity for the sports betting stocks, according to a Wednesday note from the Bank of America consumer trading desk.

mountain DraftKing's stock price has more than doubled in 2023. The stock is also fairly well liked by Wall Street. According to Refinitiv, 21 of the 32 analysts covering DraftKings have a buy or strong buy rating on the stock. Other options for investors include companies that operate both online sports books and physical casinos, such as Ceasars Entertainment and MGM Resorts International .

 

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