Showing posts from December, 2020

Last Article of An Extraordinary Year in 2020

For the last article of this extraordinary 2020, I like to discuss about a future new trend that will be very interesting in the US Stock Market, as well as the fact that I have been disposing OCBC for another STI component which I target for 2021.  Let’s look at the new trend first… The New Trend for the US Market It is what I called the igaming/sports betting trend . Basically I believe that companies involved directly or indirectly in the sports betting scene will grow significantly in 2021. The reasons are as follows: 1. New Jersey Supreme Court Ruling If we look prior 2018, Sports betting was illegal. As per article , it was “after New Jersey's Supreme Court victory in May 2018, any state that wishes can legalize sports betting”. Thus, since then, many states have proceeded to legalise sports betting. 2. Covid-19   Covid-19 pandemic accelerated the process of state government pushing ahead to legalise sports betting. The reasons were simple – for taxes. As per article , with t