Better Buy: DraftKings vs. Nike
When it comes to sports there are plenty of ways for investors to get into the game. There aren't many actual teams or leagues that are publicly traded, but there's no shortage of media companies with strong sports programming assets. I prefer to take a step back from the field to find companies that are cashing in on the popularity of sports but with more upside.
DraftKings (NASDAQ: DKNG) and Nike (NYSE: NKE) are two sporting plays going through entirely different situations right now. DraftKings is riding high on the growing popularity of fantasy sports and actual live sports wagering. Nike has been a steady producer for decades, but the athletic footwear maker is running through a rough patch since the pandemic and global recession grabbed the relay baton. Let's size up the two companies to decide which one is the best fit in your portfolio.
Image source: Getty Images.
Source Fool.com
