Gaming Stocks Outlook After Tough First Half Markets Anticipate Q2
Gaming stocks had a tough first half, and the Roundhill Sports Betting & iGaming ETF, which invests in a basket of gaming companies, underperformed the S&P 500 Index.
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Gaming stocks had a tough first half, and the Roundhill Sports Betting & iGaming ETF, which invests in a basket of gaming companies, underperformed the S&P 500 Index.
Gaming stocks had a stellar week, and the Roundhill Sports Betting & iGaming ETF soared over 7%, bridging its year-to-date (YTD) losses to just about 4%.
The S&P 500 Index ended its eight-week winning streak and plunged over 2.59% last week amid the crash on Friday. Meanwhile, gaming stocks, which have consistently underperformed broader markets this year, bucked last week’s sell-off, and the Roundhill Sports Betting & iGaming ETF gained almost 1%.
After underperforming the broader markets consistently over the last month, gaming stocks saw some recovery last week.