Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of April 4th – 10th, 2022.
5. Jim Cramer’s Top 3 Stock Picks For Sports Fanatics Looking to Own Their Own Pro Sports Team
Ever Dream of Owning Your Own Professional Sports Franchise? Well, Sports Fans, You’re in Luck as Jim Cramer Just Released His Top Three Pro Sports Team Stock Picks
Last week, Jim Cramer, host of the popular investing show Mad Money on CNBC, announced his top three stock picks for sports fanatics looking to get in on the action. Typically, buying a professional sports team or league would require many millions or even billions of dollars in capital to finance. However, there is one way that an average investor can stake his claim in the world of pro sports and own part of a franchise or promotion. Last week, Jim Cramer, host of the popular investing show Mad Money on CNBC, announced his top three Sports Betting Stocks for sports fanatics looking to get in on the action.
- Liberty Media Formula One (NASDAQ: FWONA) (NASDAQ: FWONK) | Key Assets: Formula 1
- Liberty Braves Group (NASDAQ: BATRA) (NASDAQ: BATRK) | Key Assets: Atlanta Braves
- Endeavor Group (NYSE: EDR) | Key Assets: UFC, WME and IMG
READ FULL SPORTS BETTING ARTICLE
4. DraftKings Stock Rebounds on Planned Expansion Into New Jurisdiction
Sports Betting is One of the Hottest Trends in the United States Right Now, and With DraftKings Just Announcing Plans to Expand Into This New Jurisdiction, Shares of DKNG Stock Are on the Rebound
Anyone who has watched ESPN recently has undoubtedly heard the name DraftKings (NASDAQ: DKNG), the exclusive provider of daily fantasy sports for the worldwide leader in sports. DraftKings has been expanding rapidly across the U.S. as more and more states legalize sports betting. Earlier this week, DraftKings announced that they would be expanding the brand into Puerto Rico, which has a population of 3.2 million.
3. SPAC Buying Trump’s Social Media Company Loses Key Executives, DWAC Stock Plummets
After Dominating Financial Headlines for Much of 2021, 2022 Has Been a Slow Period for Special Purpose Acquisition Companies, Also Known as SPACs – However, One High-Profile SPAC, in Particular, is Back in the Headlines, But For All the Wrong Reasons
Many SPAC investors got burned last year after buying what are essentially shell companies that, for the most part, purchased low-quality assets with investor funds while paying executives handsomely. This resulted in SPAC’s losing their lustre and largely tanking in share price. Apparently, Digital World Acquisition Corp (NASDAQ: DWAC) missed the memo about SPAC’s needing to invest in high-quality assets to curry investor favor. Instead, they bought Trump Media & Technology Group, which owns Truth Social, former president Donald Trump’s potentially soon-to-be-defunct social media site.
2. Aspiring Canadian Conservative Party Leader Pierre Poilievre Wants to Make Canada The World’s ‘Crypto Capital’
The Decentralized, Unregulated Cryptocurrency Industry is Very Popular Among Conservatives, Thanks to the Belief That it Increases Their “Freedom”; Freedom From Regulators, Freedom From Bankers and Freedom From Accountability Are Significant Draws Among Certain Segments of the Population
It should come as no surprise then that Pierre Poilievre, the aspiring leader of the Canadian Conservative party, who hopes to become Canada’s next Prime Minister, is a big fan of Cryptocurrency. At a recent campaign speech in London, Ontario, Poilievre announced his intention to make it easier for Canadians to use Cryptocurrency, such as Bitcoin (BTC) and Ethereum (ETH), as an actual currency instead of simply investing in it as “digital gold.” He wants to streamline the process of using Cryptocurrency by establishing national regulations instead of the current patchwork of contradictory regulations between provinces.
READ FULL CRYPTO CANADA ARTICLE
1. Elon Musk Becomes Twitter’s Largest Shareholder, Promises Major Changes
One of Twitter’s Most Popular Users and Vocal Critics is Now the Social Media Company’s Largest Shareholder, and Shares of TWTR Stock Surged as Much as 27% the Day the News Broke, Marking the Stock’s Largest Intraday Increase Since its 2013 IPO
Elon Musk, CEO of Tesla (NASDAQ: TSLA), purchased 73.5 million shares of Twitter (NYSE: TWTR) for about $3 billion, giving him a 9.2% equity stake in the big tech giant. Twitter investors seem thrilled about Musk’s investment, as the stock rallied 27% on the day of the announcement. After his investment became public knowledge, Musk was offered a seat on Twitter’s Board of Directors but has since declined the offer in the days following.
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Disclaimer: Wealthy VC holds does not hold a position in any of the stocks mentioned in this article.