TGIT: Online Gambling Is Hotter Than Crypto and Cannabis

FanDuel, DraftKings, an energy bet, strangles, sentimental subscribers, Cage the Elephant and much more.

Thank Gambling it's Thursday! While that's the featured topic of this week's letter, our readers have asked us to spend a little more time addressing the elephant that left the room.

Our decision to convert Luckbox from a printed periodical to a weekly newsletter has left many of you lamenting the loss of our prior physical format. Along with many others, Peter Siudara, a retired dentist who’s now a high-frequency futures trader from Camarillo, California, reached out to let us know he’ll "miss the feel of paper" in his hands, along with the magazine's "great covers.” His feedback, along with comments from other readers, inspired Ed McKinley, Luckbox editor-in-chief from Day 1, to pen this Luckbox lookback.

Editorial Director

Legal internet gambling on sports in some 30 states has attracted an estimated 57 million active participants who spend an average of $417 per year. Will the trend persist? Here's what's driving growth. Read Full Story

Bankruptcies have increased 28% in states with legalized sports betting.

—Los Angeles Anderson School of Management

Bearing in mind that FanDuel (FLUT) and DraftKings (DKNG) own 70% of the online sports betting handle in the U.S., our analyst picks his favorite as the NFL season approaches. Read Full Story

With demand for electricity about to soar in America, the midstream energy sector appears likely to keep growing at a healthy pace. At the center lies Enterprise Product Partners (EPD). The Republic Insider newsletter offers a deeply researched report into the core drivers that make EPD a compelling long-term play. Read Full Story

The recent IT outage that affected millions of Microsoft devices around the world is costing Fortune 500 companies north of $5.4 billion in direct financial losses, much of it uninsured. But, Crowdstrike (CRWD) stock's technicals are looking up ahead of next week's earnings report. Read Full Story

While Bitcoin’s recovery drags, two crypto natives contemplate their next moves.

Options traders use short straddles or strangles when they expect an underlying stock to stay rangebound for a period of time, and to capture high implied volatility. In the latest video installment of The Lifecycle of a Trade, Nick Battista outlines the opening, management and closing of a strangle. Read Full Story

Uncaged Melodies 𐂺🐘🎤

Despite being nearly trampled by the band, our rock ‘n’ roll reviewer insists Cage The Elephant is a "must-see" live band and that frontman Matt Shultz is the second coming of Mick Jagger. Read Full Story

39 State AGs Support LYV Lawsuit 👩🏽‍⚖️🎫🎶

After our reporting last week on Live Nation Entertainment's (LYV) Ticketmaster woes, this happened.

A Long Way From Lemonade 🍋🥃🎙️

Longtime Luckboxers know we know our whiskey. So we’re not dismissing this upcoming ”Naughty Girls" release as another "Ego" project. No more hints. Read Full Story

What You Could be Reading This Weekend 📚📚📚

We prefer to have a good book with our whiskey, and two compelling new titles have just landed on our bookshelf. Watch here for our upcoming reviews of May Contain Lies: How Stories, Statistics and Studies Exploit Our Biases―And What We Can Do about It, by Alex Edmens (May, 2024), and On the Edge: The Art of Risking Everything, by Nate Silver (August, 2024). In the meantime, check out this interview with Silver, America's oddsmaker, courtesy of The Free Press.

Maybe Don't Take Trading Advice From Some Dude in a Car? 🚘

As we await next week's Nvidia (NVDA) earnings release, we’re mulling over the misguided rant of this YouTube minuteman. He’s distressed about SEC filings indicating Nvidia CEO Jensen Huang has sold shares in the company nearly every trading day during July, and netting nearly $500 million this summer. But context means everything. As of yesterday, Nvidia's market cap was $3.16 trillion—second only to the Apple's (AAPL) $3.44 trillion. Huang's stake as the largest individual Nvidia shareholder was last reported at 3.5%. Do the math. Huang has a lot of chips on the table.

More Cowbell

Yesterday, 818,000 new jobs simply disappeared.

JJ Kinahan reveals bullish stock picks on Bloomberg. 

NFL players name this wide receiver king of the hill.

Look who’s beating the U.S. so far this year on the global stock market leaderboard.

The former Google boss has strong feelings about work-life balance. 

Tom Sosnoff and Dylan Ratigan debate price caps.

113 years ago today the Mona Lisa went missing.

This week's Cherry Picks has a futures cheat sheet and two trade ideas.

Why traders will converge in ATL on 8/31.

Take the world's shortest IQ test.

Share the Luckbox—forward to a friend.

Now go on, get lucky.

Luckbox Magazine is a product and service offered by tastylive, Inc. (“tastylive”). Luckbox Magazine content is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involves risk and may result in a loss greater than the original amount invested. The information provided in Luckbox Magazine may not be appropriate for all individuals, and is provided without respect to any individual’s financial sophistication, financial situation, investing time horizon or risk tolerance. Transaction costs (commissions and other fees) are important factors and should be considered when evaluating any securities, futures, or digital asset transaction or trade. For simplicity, the examples and illustrations in these articles may not include transaction costs. Nothing contained in this magazine constitutes a solicitation, recommendation, endorsement, promotion or offer by Luckbox Magazine or tastylive, Inc., or any of its subsidiaries, affiliates or assigns. While Luckbox Magazine and tastylive believe that the information contained in Luckbox Magazine is reliable and make efforts to assure its accuracy, the publisher disclaims responsibility for opinions and representation of facts contained therein. Active investing is not easy, so be careful!