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.
After outperforming the S&P 500 Index for two consecutive weeks, the Roundhill Sports Betting & iGaming ETF underperformed last week, falling 3.8% versus the 1.4% rise in the broad-based index.
As prediction markets keep growing and gaining more traction across the financial world, brokerage giant Charles Schwab is getting ready to launch its own version of the fast-growing trading product.
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%.
Gaming stocks had yet another lackluster week with Corsair Gaming leading the gainers, while Super Group and Rush Street faced losses.
Things don’t seem to be getting any better for gaming stocks, which had yet another dismal week.