This year has been a rough year for sports fans. The coronavirus pandemic has interrupted the seasons for pro sports leagues like the NFL, NHL, NBA, and MLB, as well as many college and amateur sports, and millions of fans have been left craving a return to live, full-contact competition.
Despite this severe disruption in the sports world, there are some sports-focused companies that are still operating (and thriving) in this pandemic. One such company is Nike (NYSE: NKE), a multinational sports footwear and apparel maker set to benefit from easing coronavirus lockdowns in Asia. Two others, DraftKings (NASDAQ: DKNG) and Penn National Gaming (NASDAQ: PENN), are bets on the future of the still-nascent but rapidly growing sports betting industry. All three companies are poised to survive the crisis and offer market-beating returns to investors.
Here a bit more on why these three sports stocks might be worth buying in May.
Source Fool.com