Top Calls 03/24/23 - Chad Beynon, Macquarie Securities Senior Analyst

The video discusses recent stock movements influenced by analyst recommendations, focusing on companies like Block, Farfetch, and First Horizon. It then shifts to gaming stocks, highlighting the impact of March Madness on companies like DraftKings and FanDuel. The discussion covers the competitive landscape, investment strategies, and market share. Finally, it explores sports betting trends during March Madness, noting the popularity of underdog bets and the impact of team performance on betting activity.

What was the reason for Atlantic Equities cutting Block's rating to neutral?

• Lack of specific rebuttals to a research report

• Block's strong financial performance

• Successful risk control measures

• Increase in consumer spending

Which company had its price target reduced by Citi due to increased price promotions?

• DraftKings

• Farfetch

• First Horizon

• Block

Which two companies are identified as the top players in the sports betting market?

• Rush Street Interactive and Bally's

• DraftKings and FanDuel

• Penn National and MGM

• MGM and Caesars

What strategy have companies like FanDuel and DraftKings used to gain market share?

• Reducing customer acquisition costs

• Focusing on low-budget marketing

• Investing heavily in customer retention tools

• Avoiding technology integration

During March Madness, which betting trend was observed?

• The over bets were more successful

• The under bets were more successful

• Favorites consistently won

• Betting decreased significantly

What effect do major team upsets have on sports betting engagement?

• Decrease in betting activity

• Increase in betting activity

• No impact on betting activity

• Increase in viewership but decrease in betting

What percentage of adults in legal states are engaging in sports betting?

• 5-10%

• 1-2%

• 15-20%

• 25-30%