Stock Power Daily — Weekly Wrap: How to Invest in What You Love

Stock Power Daily: March 12, 2023. [Turn Your Images On] Weekly Wrap: How to Invest in What You Love By Chad Stone, Managing Editor Give me a chance to chat about disc golf, and I’ll talk your ear off… I bring this up because a massive story in the sport broke this week: Two venture capital (VC) firms announced the acquisition of one of the largest disc golf distributors in the U.S. [Turn Your Images On] Vendis Capital and Equip Capital, two European private equity firms, hold a majority stake in House of Discs, which now boasts a massive catalog of some of the biggest brands in disc golf. This is huge news for such a small sport. I’m excited to see what an injection of new money means for growth of these brands going forward. They targeted disc golf for a simple reason: numbers. From 1976 to 2010, the Professional Disc Golf Association (PDGA) — disc golf’s version of the PGA — had around 50,000 members. From 2010 to 2023, that number has boomed to more than 250,000! The organization added more than 26,000 people in 2020 alone as COVID drove many to the sport as a way to get outside amid lockdowns. The biggest draw for being a PDGA member is to play competitively. There are even more people out there just playing casual rounds with their buddies, all while buying lots of new discs and other gear. (I don’t even want to think about how much I’ve spent on this “inexpensive” sport.) There’s a lot of future growth potential here, but of course we can’t all go out and throw money at VC firms. It got me thinking about how to use Adam O’Dell’s proprietary Stock Power Ratings to find different ways to invest. That’s part of the appeal of such a simple system. And in just a few minutes, I was able to add one stock to my shortlist and cut another loose. First, I searched for Dick’s Sporting Goods Inc. [(NYSE: DKS)]( since this retailer is one of the few around me that sells discs. And it rates a “Strong Bullish” 84 out of 100! The second was Roku Inc. [(Nasdaq: ROKU)](. If I’m home and there’s a Disc Golf Pro Tour event happening, one of our TVs is tuned in to live coverage through our Roku devices. My wife and I both love how these devices have made it so easy to watch a broad range of content. But our system says this is one to avoid right now. It scores a lowly 3 out of 100, with all six factors in the red! While I need to do more analysis on these stocks (maybe I’ll pester Matt Clark, our research analyst, to see what he thinks), I just thought it was incredible that a simple thought led to two investing insights in mere minutes. What about you? Have you tried using Stock Power Ratings to look up a company involved in something you’re interested in? Go to [www.MoneyandMarkets.com]( and look for this button to do so now. [Turn Your Images On]( We’d love to hear what you found. Email me at StockPower@MoneyandMarkets.com with the company you looked up and how it rates! --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [Biden’s $1 Trillion Gamble … Backfired.]( Biden canceled the Keystone pipeline, froze oil drilling permits and canceled coal. He turned his back on traditional fuels, and gambled $1 trillion — and the future of America — on clean energy instead. Now it has backfired … and put our entire nation at risk. [Click here to see why.]( --------------------------------------------------------------- Here’s what you might’ve missed in Stock Power Daily this week: - [Is AI the Next Big Thing? What Stock Power Ratings Says:]( Matt dug into the use case for artificial intelligence as this innovative technology takes the world by storm. See what our proprietary system says about one exchange-traded fund in particular. - [Mike Carr’s Charts of the Week:]( Mike looked at the state of the supply chain, tech layoffs and the rate of unemployment for the youngest generation. And be sure to check out his bonus chart on what’s going on with the housing market. - [Buy Into America’s Multitrillion-Dollar Construction Boom:]( Companies need heavy equipment to complete a long list of new projects across the U.S. Matt found a top-rated supplier within this massive industry. Until next time, Chad Stone Managing Editor, Money & Markets --------------------------------------------------------------- Check Out the Latest From Stock Power Daily: - [DON'T EXPECT ANOTHER SMARTPHONE MARKET BOOM]( - [MAXIMIZE MOMENTUM WITH A TOP WOOD PRODUCT STOCK]( - [GOVERNMENTS NEED RELIABLE TECH INFRASTRUCTURE — SAIC PROVIDES IT]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. 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