With the Opening of FIFA World Cup, These US Listed Companies may Benefit!
The 2022 FIFA World Cup kicked off in Qatar and has also become the focus of the world in recent weeks.
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According to netizen predictions, the winning percentages of the final favorites are 61.3% for Brazil and 38.7% for Belgium.
There are billions of people watching the 2022 World Cup, while the last World Cup final attracted more than 1.1 billion viewers, five times more than the 2022 Super Bowl.
With more than 1 million visitors expected, the event will accelerate growth in diverse sectors such as travel and tourism, hospitality and infrastructure, and help fulfill Qatar's National Vision 2030.In addition, these companies will also benefit from FIFA World Cup.
Broadcasting companies
The 2022 FIFA World Cup is available to be broadcast in 4K in theFox Sports and Fox Now apps($Fox Corporation Class A(FOXA)$, $Fox Corporation Class B(FOX)$). Subscribers of Sling TV, Hulu Live TV, FuboTV($fuboTV Inc.(FUBO)$), DIRECTV STREAM and YouTube TVcan watch the World Cup in 4K. Fire TVs, Android TVs, Apple TVs($Apple(AAPL)$) and Roku devices($Roku Inc(ROKU)$) are 4K-compatible with Fox.
Undoubtedly, the copyright fees and advertising fees of broadcasting companies have already been filled.
Social media
While there has been some controversy surrounding the game, the campaign could increase the duration and usage of mobile apps, including match highlights, online betting and football video games.
Increased traffic will also give $Alphabet(GOOG)$,$Meta Platforms, Inc.(META)$ and Tiktok a boost.
Meanwhile, $Electronic Arts(EA)$ could also benefit from the soccer video game FIFA 2022. The usage of FIFA 2022 may increase during the World Cup.
Sporting goods
Sportswear should see a boost in countries that win key games. Not only that, fans watching the World Cup will also buy related sports products on a whim. Especially during Black Friday, it is more helpful to the sales of sports brands.
$Dick's Sporting Goods(DKS)$ surprised investors today by reporting record third-quarter sales and raising its full-year guidance. The retailer saw comparable store sales rise 6.5%, with net sales rising 7.7% YoY. As for the future, the company raised its full-year 2022 comparable store sales guidance to -3.0% to -1.5%, up from -6.0% to -2.0%. Overall, the news sent shares higher by 10% and towards the top of their 1-year price range.
E-commerce platforms
E-commerce companies could get a "modest boost," including $Amazon.com(AMZN)$ and $eBay(EBAY)$, and even $Alibaba(BABA)$ because
Just kidding! Hope you guys have fun watching the game and good luck to all!
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