La vendita allo scoperto per ProShares Big Data Refiners ETF dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di ProShares Big Data Refiners ETF. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

ProShares Big Data Refiners ETF (ARCA:DAT), Report sulle vendite allo scoperto

Technology

Communication Services

Other

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index. The Index consists of companies that provide analytics and infrastructure for managing and extracting information from large data sets. The Index includes companies whose princi pal business is the provision of analytics, software, hardware, and other computing infrastructure for managing and extracting information from large structured and unstructured data sets, as determined by the Index methodology.

Microstrategy Inc

Commvault Systems Inc

Zebra Technologies Corp

Nutanix Inc

Tyler Technologies Inc

Confluent, Inc.

Informatica Llc

Palantir Technologies Inc.

Nice Ltd

Elastic Nv

Proshares Big Data Refiners ETF

ProShares Big Data Refiners ETF

Streamr

DIGITAL ASST MONTARY NTWK by Digital Asset Monetary Network, Inc.

Digital Asset Monetary Network Inc

DatChat Inc

DATWYLER HOLDING AG by Datwyler Holding AG

Daetwyler Holding AG

News

Management

THRM

Gentherm Appoints Jonathan Douyard As Executive Vice President, CFO And Treasurer

Guidance

MDU Resources Sees 2025 Capital Investments Of $3.1B From 2025-2029, Up 15% From 2024-2028

<p><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4309831-1&amp;h=1137391191&amp;u=https%3A%2F%2Fwww.nmrk.com%2F&amp;a=Newmark+Group%2C+Inc.+">Newmark Group, Inc. </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) ("Newmark") Executive Chairman Howard W. Lutnick provided the following statement:</p>
<p><i>"I am deeply honored to have been nominated by President Donald J. Trump to serve as the 41st U.S. Secretary of Commerce. I look forward to this new chapter in my life, working for President Trump to promote economic growth, drive innovation, and strengthen our nation's financial security.&nbsp;</i></p>
<p><i>Upon U.S. Senate confirmation, I will step down from my positions at Cantor, BGC, and Newmark. I intend to divest my interests in these companies to comply with U.S. government ethics rules and do not expect any arrangement which involves selling shares on the open market.</i></p>
<p><i>I have full confidence in the leadership of Barry Gosin, Newmark's Chief Executive Officer, and our exceptional management team to continue to drive the success of the company, upholding the best interests of Newmark's clients, investors, and employees."</i></p>
<p>Newmark expects no changes to its existing corporate structure and expects to disclose further details at a later date.</p>


Politics

General

NMRK

Newmark's Executive Chairman Howard W. Lutnick Nominated For U.S. Secretary Of Commerce

<p><strong>UGI</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) reported its Q4 earnings results on Thursday, November 21, 2024 at 04:30 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>UGI beat estimated earnings by 45.0%, reporting an EPS of $-0.16 versus an estimate of $-0.29.</p>
<p>Revenue was down $162.00 million from the same period last year.</p>
<h3>Overview of Past Earnings</h3>
<p>The company beat on EPS by $0.12 in the previous quarter, leading to a 4.0% drop share price change the next day.</p>
<p>Here's a look at UGI's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.06</td>
<td>1.64</td>
<td>1.05</td>
<td>-0.06</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.06</td>
<td>1.97</td>
<td>1.20</td>
<td>0.03</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>1.73B</td>
<td>3.07B</td>
<td>2.67B</td>
<td>1.92B</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>1.38B</td>
<td>2.47B</td>
<td>2.12B</td>
<td>1.40B</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for UGI <a href="https://www.benzinga.com/quote/UGI/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings

Earnings Breakdown: UGI Q4

<p>&nbsp;</p>
<p><strong>Fiscal 2025 Outlook</strong></p>
<p>The Company is introducing its fiscal 2025 outlook. The Company expects:</p>
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">
<p>			&nbsp;</p></td>
<td colspan="1" rowspan="1">
<p><strong>Fiscal</strong></p>
<p><strong>2025 Outlook</strong></p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Number of new stores</td>
<td colspan="1" rowspan="1">4 to 6</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Number of relocations/remodels</td>
<td colspan="1" rowspan="1">2 to 4</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Daily average comparable store sales growth</td>
<td colspan="1" rowspan="1">4.0% to 6.0%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted earnings per share</td>
<td colspan="1" rowspan="1">$1.52 to $1.60</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>			&nbsp;</p></td>
<td colspan="1" rowspan="1">
<p>			&nbsp;</p></td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital expenditures (in millions)</td>
<td colspan="1" rowspan="1">$36 to $44</td>
</tr>
</tbody>
</table>


NGVC

Natural Grocers by Vitamin Cottage Sees FY25 EPS $1.52-$1.60; 4-6 New Stores; 2-4 Remodels; Daily Average Comparable Store Sales Growth 4%-6%

UGI Corp Sees FY25 Adj. EPS $2.75-$3.05

WIIM

ESTC

Elastic shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY25 guidance above estimates.

<p>U.S. small-cap stocks are delivering a standout performance in November, aligning with a well-established seasonal trend that often paves the way <a href="https://www.benzinga.com/news/small-cap">for a strong December.</a></p>
<p>Historically, small caps tend to excel in the final two months of the year, with November&#8217;s impressive gains often rolling into December as part of the so-called &#8220;Santa Rally.&#8221;</p>
<p>The Russell 2000 index, the leading benchmark for small-cap equities, has climbed an impressive 8% this November, on track for the second-best monthly performance of the year.</p>
<p><strong>See Also: <a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">Google, Anthropic Deal In Jeopardy As Regulators Look To Break Up Search Monopoly</a></strong></p>
<p>Data spanning more than two decades shows that November delivered the highest average returns for small-cap stocks.</p>
<p>From the year 2000 onward, the <strong>iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), has averaged a 2.6% gain in November, marking it as the strongest month of the year. </p>
<p>What's even more striking is the reliability of this trend—79% of the time, the month ends with small-cap stocks in the green. </p>
<p>The Russell 2000 has ended November in negative territory only four times:</p>
<ul>
<li>A decline of 9.97% in 2000, </li>
<li>6.97% in 2007, </li>
<li>11.93% in 2008, and </li>
<li>4.33% in 2021.</li>
</ul>
<p>In all other years, small-cap stocks have delivered gains during the month. The strongest rally occurred in November 2020, when the Russell soared 18.24% buoyed by the discovery of the Covid-19 vaccine.</p>
<p>Yet, history suggests this isn't the time to cash out just yet. Investors tempted to take profits after November's gains might reconsider, as December historically ranks as the second-best month for small caps. </p>
<p>On average, the Russell 2000 rose 1.46% in December, with 67% of years showing positive performance. The combination of these two months often gives small-cap investors a powerful year-end boost.</p>
<h3 class="wp-block-heading">Russell 2000 Monthly Seasonality: November And December Show The Highest Average Gains</h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="449" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-1024x449.png" alt="" class="wp-image-659736" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-1024x449.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-768x336.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-1536x673.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<h2 class="wp-block-heading">Why Are Small Caps Outperforming in November 2024?</h2>
<p>As of late November, the Russell 2000's 8% rally far surpasses the 4% rise of the S&amp;P 500, tracked by the <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>). This outperformance is being driven by three major catalysts:</p>
<h3 class="wp-block-heading">1. <strong>Federal Reserve Rate Cuts</strong></h3>
<p>The Federal Reserve has shifted into rate-cut mode, lowering rates by 25 basis points in November following a 50-basis-point reduction in September. Policymakers have signaled that further cuts are likely, albeit at a slower pace, as long as inflation continues to decelerate.</p>
<p>Lower interest rates disproportionately benefit small-cap companies, which rely more heavily on bank financing than their larger-cap counterparts. With borrowing costs falling, small businesses are better positioned to invest, grow, and improve profitability, giving them a significant tailwind compared to multinational firms.</p>
<h3 class="wp-block-heading">2. <strong>Political Tailwinds From 2024 Elections</strong></h3>
<p>The outcome of the 2024 U.S. elections — a Republican trifecta (presidency, Senate and House of Representatives) — has fueled optimism among small-cap investors expecting the Trump administration to roll back regulations. </p>
<p>Additionally, the potential reintroduction of trade tariffs could act as a buffer for small-cap businesses by reducing competition from international firms facing higher regulatory or import costs. Financial services and industrial stocks, heavily represented in small-cap indices, have been among the top beneficiaries of this shift.</p>
<h3 class="wp-block-heading">3. <strong>Economic Resilience</strong></h3>
<p>The U.S. economy is showing remarkable resilience by delivering strong GDP growth rates. The Atlanta Fed's GDPNow estimate pegs fourth-quarter real GDP growth at 2.6%, following robust gains of 3.0% and 2.8% in the second and third quarters, respectively.</p>
<p>The labor market, a key indicator of economic health, also remains resilient. Despite disruptions from strikes and hurricanes affecting October payrolls data, jobless claims have fallen to their lowest levels in seven months in mid-November, indicating a tight labor market and sustained consumer confidence. These factors collectively underpin the performance of small-cap stocks, which are often more sensitive to domestic economic trends.</p>
<h3 class="wp-block-heading">What's Next For Small Caps?</h3>
<p>With November's gains already in the books, historical patterns suggest that small caps could keep their momentum into December. Whether fueled by seasonal trends, macroeconomic tailwinds, or political optimism, small-cap stocks are positioning themselves as a standout opportunity for year-end trading.</p>
<p><strong>Now Read:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">7 US Natural Gas Stocks To Watch As Henry Hub Prices Surge 50% In November</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


Macro Economic Events

Broad U.S. Equity ETFs

Small Cap

Econ #s

Economics

ETFs

November Small-Cap Surge Could Carry Into December's Santa Rally, Historical Trends Suggest

<p>Grabowski continues to beneficially own 24% of the Company's Common Stock.</p>


XPOF

Xponential Fitness Says On November 21, Entities Affiliated With Chairman Mark Grabowski Filed Form 144 Disclosing Sale Of 2.59M Shares Of Company's Class A Common Stock - Filing

BTDR

Bitdeer Technologies shares are trading lower after the company announced a proposed $360 million private placement of convertible senior notes due 2029.

<p>UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) reported quarterly earnings of $3.06 per share which beat the analyst consensus estimate of $2.94 by 4.08 percent.  The company reported quarterly sales of $7.21 billion which missed the analyst consensus estimate of $8.45 billion by 14.64 percent.</p>


Earnings Beats

Earnings Misses

UGI FY 2024 Adj EPS $3.06 Beats $2.94 Estimate, Sales $7.21B Miss $8.45B Estimate

<p>Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) reported quarterly earnings of $0.39 per share. This is a 50 percent increase over earnings of $0.26 per share from the same period last year.  The company reported $322.66 million in sales this quarter. This is a 9.35 percent increase over sales of $295.07 million the same period last year.</p>


Natural Grocers Q4 EPS $0.39 Up From $0.26 YoY, Sales $322.66M Up From $295.07M YoY

LGTY

Logility Supply Chain Solutions shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued FY25 revenue guidance below estimates.

REPL

Replimune Group shares are trading higher after the company announced it received breakthrough therapy designation status for RP1 and will submit an RP1 biologics license application to the FDA under an accelerated approval pathway.

GOGO

Gogo Says Sergio Aguirre Announced His Retirement As President And COO, Effective December 31, 2024 - Filing

Dividends

BF/A

BF/B

Brown-Forman Corporation Increase Quarterly Dividend From $0.2178 To $0.2265

VRPX

Virpax Pharmaceuticals shares are trading higher after the company announced an agreement with the US HHS department for an extension towards its cooperative research and development.

<p>MDB Capital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDBH#NASDAQ">MDBH</a>) reported quarterly losses of $(0.83) per share. This is a 69.39 percent decrease over losses of $(0.49) per share from the same period last year.</p>


MDBH

MDB Capital Holdings Q3 EPS $(0.83) Down From $(0.49) YoY

Alta Global Group shares are trading higher. The company announced it filed a request to withdraw its Form F-1 registration with the SEC.

Retail Sales

SONM

Sonim Technologies Announced It Just Unveiled The New XP Pro 5G Next Generation Ultra Rugged Smartphone Supporting Verizon's 5G Ultra Wideband

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>I&rsquo;ve been tasked with recommending three big data stocks to sell in February.&nbsp;</p>



<p>There&rsquo;s no question that 2023 was the year of artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>). A day didn&rsquo;t go by when a story about AI appeared in the investment media. One area of technology that relies heavily on AI is big data. TechTarget.com contributor Kathleen Walch in a Dec. 21, 2023, article about enterprise AI <a href="https://www.techtarget.com/searchenterpriseai/tip/How-do-big-data-and-AI-work-together">stated</a>:&nbsp;</p>




<p>&ldquo;Companies used to move data into and out of data warehouses and create static reports that take a long time to generate and even longer to modify. Now, smart organizations are utilizing distributed, automated and intelligent analytics tools that sit on top of data lakes designed to collect and synthesize data from disparate sources at once. This is transforming the way companies understand their customers.&rdquo;</p>




<p>Not all big data stocks are alike. Some data analytics companies are better than others. Some use AI more than others.&nbsp;</p>



<p>Suppose you&rsquo;re interested in gaining exposure to big data and AI. In that case, you might be better off investing in an ETF such as the <strong>ProShares Big Data Refiners ETF </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/dat-stock-quote/"><strong>DAT</strong></a></span>), which <a href="https://www.proshares.com/our-etfs/strategic/dat">invests in companies</a> that provide data analytics and data processing software and services.&nbsp;&nbsp;</p>



<p>However, if you&rsquo;re looking for big data stocks to buy, these are three holdings from DAT to avoid, and if you happen to own them already, here&rsquo;s why you should consider selling them.&nbsp;&nbsp;</p>



<h2>MicroStrategy (MSTR)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/mstr1600-300x169.png" alt="A chart of the MicroStrategy logo with a Bitcoin"><div>Source: JOCA_PH / Shutterstock.com</div></div>


<p><strong>MicroStrategy&rsquo;s </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mstr-stock-quote/"><strong>MSTR</strong></a></span>) chart before and after the pandemic illustrates the change in the volatility of its share price. Between Sept. 2017 and July 2020, its shares traded in a very tight range between $120 and $130.&nbsp;</p>



<p>The data analytics company invested in Bitcoin in <a href="https://finance.yahoo.com/news/microstrategy-becomes-first-listed-company-113746283.html">Aug. 2020</a>, and everything changed for the better and the worse.</p>



<p>MicroStrategy was the first public company to buy <strong>Bitcoin </strong>(<span><a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a></span>). It bought 21,454 Bitcoins for approximately $250 million. It did so as a way to avoid inflation.</p>



<p>In the quarter before buying Bitcoin (Q2 2020), MicroStrategy had <a href="https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001050446/000156459020033897/mstr-10q_20200630.htm">$420.9 million</a> in cash and cash equivalents plus $110.0 million in short-term investments for a total cash position of $531 million, or 64% of its total assets.&nbsp;&nbsp;</p>



<p>In Q3 2020, it bought <a href="https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001050446/000156459020047995/mstr-10q_20200930.htm">$425 million</a> in Bitcoin, adding $175 million to its position after the August purchase. It purchased 38,250 Bitcoins in the third quarter at an average of $11,111 per Bitcoin. As a result of the transaction, its total cash went from 64% to 6.8% of its total assets. Digital Assets became a new line item on its balance sheet.&nbsp;</p>



<p>Fast forward to Q3 2023. It had total cash of $45.0 million, or 1.3% of its total assets, while its digital assets were $2.45 billion, or 72.7%.&nbsp;&nbsp;</p>



<p>While I don&rsquo;t have a problem with its operating business &mdash; its top-line revenue grew 3.3% year-over-year in the third quarter &mdash; its actual business performance gets significantly obscured by its investment in Bitcoin.</p>



<p>If you want to invest in data analytics stocks, there are better ways to do it.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>



<h2>CommVault Systems (CVLT)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/data1600a-300x169.jpg" alt="a stock image of a person working on data charts using a futuristic computer."><div>Source: Shutterstock</div></div>


<p><strong>CommVault Systems </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cvlt-stock-quote/"><strong>CVLT</strong></a></span>) is the second-largest holding of DAT with a weighting of 5.27%. The company, which provides more than 100,000 customers with a data management platform, has started the year in fine form, up more than 21%. However, over the past five years, it&rsquo;s failed to gain much traction, up 37%.&nbsp;</p>



<p>CommVault stock is relatively expensive.&nbsp;</p>



<p>The company&rsquo;s outlook on Jan. 30 for 2024 sales was <a href="https://ir.commvault.com/news-releases/news-release-details/commvault-announces-fiscal-2024-third-quarter-financial-results">$830 million</a> at the high end of its guidance. That&rsquo;s 4.9x sales, higher than its five-year average of <a href="https://www.morningstar.com/stocks/xnas/cvlt/valuation">3.7x</a>. As for free cash flow (<a href="https://investorplace.com/stock-quotes/fcf-stock-quote/"><strong>FCF</strong></a>) yield, it expects a free cash flow of $170 million for fiscal 2024. Based on an enterprise value of $3.89 billion, an FCF yield of 4.3%.&nbsp;</p>



<p>I prefer an FCF yield of 8% or more, which provides a margin of safety and value. Anything between 4% and 8% is fair value. However, at 4.3%, that&rsquo;s bordering on expensive.&nbsp;</p>



<p>Of the <a href="https://www.cnn.com/markets/stocks/CVLT">10 analysts</a> covering CVLT stock, only 40% rate it a Buy, with a target price of $96, 4% higher than where it&rsquo;s currently trading, so Wall Street doesn&rsquo;t see much upside in 2024.&nbsp;</p>



<p>CEO Sanjay Mirchandani said after it reported Q3 2024 results in a <em>Barron&rsquo;s </em>interview that <a href="https://www.barrons.com/articles/commvault-earnings-stock-price-a1e3f2f3">the company&rsquo;s results</a> in the quarter were the best it&rsquo;s delivered over its 27 years in business.&nbsp;</p>



<p>I might be in the minority, but something tells me that $100 won&rsquo;t be in the cards for CVLT in 2024. It might be time to take profits if you&rsquo;ve made money off its move over the past year.&nbsp;&nbsp;&nbsp;&nbsp;</p>



<h2>Genius Sports (GENI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/genius-sports-300x169.jpg" alt="Genius sports logo. Genius Sports is a sports data and technology company that provides data management and integrity services."><div>Source: Karolis Kavolelis / Shutterstock.com</div></div>


<p><strong>Genius Sports</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/geni-stock-quote/"><strong>GENI</strong></a></span>) is the 25th-largest holding of DAT with a weighting of 1.20%. Its shares are up a whopping 23% in 2024. Analysts love this stock &mdash; of the 11 covering it, <a href="https://www.cnn.com/markets/stocks/geni">91%</a> rate it a Buy &mdash; so this is another one of my contrarian bets against big data plays.&nbsp;</p>



<p>GENI stock has prospered over the past year as sports betting in North America has taken off. Genius helps sports-related businesses <a href="https://investors.geniussports.com/why-invest/default.aspx">monetize their data</a> through its innovative products and services.&nbsp;</p>



<p>As the company points out on its investor relations page, more than 97% of licensed U.S. sportsbooks use the official data it receives through its partnership with the NFL.&nbsp;&nbsp;</p>



<p>Edge is an example of the <a href="https://investors.geniussports.com/news/news-details/2024/Genius-Sports-launches-revolutionary-Edge-solution-to-increase-sportsbook-profitability/default.aspx">product</a> it delivers for its sportbook customers. It&rsquo;s an automated pricing tool that enables them to maximize profitability on each bet on thousands of sporting events at any given time.&nbsp;</p>



<p>The skeptic in me wonders how useful this tool will be for sportsbooks in the long term. After all, the people behind sportsbooks aren&rsquo;t dummies. They&rsquo;ve got years of data about bets won and lost by their betting customers.&nbsp;</p>



<p>Companies like <strong>DraftKings </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dkng-stock-quote/"><strong>DKNG</strong></a></span>) will eventually create their own software data analysis tools to generate higher profits from each bet. At what point does Genius Sports&rsquo; technology become obsolete? Sooner than you might think.&nbsp;</p>



<p>In the meantime, despite its progress toward profitability, it still lost $47.1 million in the first nine months of 2023 on $286 million in revenue. Based on a -16.4% net margin through Q3 2023, the company&rsquo;s outlook for 2023 suggests it will lose $68 million on a GAAP basis on $412 million in sales.</p>



<p>That&rsquo;s 4.1x sales for a company with zero profits. There are better and safer bets.&nbsp;&nbsp;&nbsp;&nbsp;</p>



<p><em>On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/02/3-sorry-big-data-stocks-to-sell-in-february-while-you-still-can/">3 Sorry Big Data Stocks to Sell in February While You Still Can</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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