Caesars Entertainment Launches Sports Betting in Ohio and Massachusetts || (AR): Strong Positioning in Marcellus Shale and Utica Play

Caesars Entertainment (CZR:NASDAQ)

Business is booming in Caesar Land, with the company reporting record EBITA in the first quarter of this year. The growth is largely driven by the strong operations in Las Vegas. Not content with resting on their laurels, the company has just launched its sports betting books in Ohio and Massachusetts. Despite accruing an EBITDA loss in its digital arm, there is still much promise for growth in this segment of the business. 

With all this good news, it’s easy to see why the market is bullish on CZR and sees the upside potential. If the stock can remain above $50.00-$51.00, the future looks bright with a target price of $72.00-$74.00.

Antero Resources (AR:NYSE) 

AR 2023 07 24 19 17 56 Caesars Entertainment Launches Sports Betting in Ohio and Massachusetts || (AR): Strong Positioning in Marcellus Shale and Utica Play

Antero Resources (AR) has positioned itself strongly in the Marcellus shale basin, with over 1,800 premium drilling locations yet to be developed. Additionally, their Utica play still boasts 180 premium drilling locations. With their daily natural gas equivalent production expected to increase to 3.25-3.3 Bcfe/d this year, and the potential for higher natural gas prices, we could see a significant boost in profitability. 

Furthermore, AR has made significant strides in reducing its debt burden, dropping it by over $2 billion between 2019 and August 2022. As long as the stock remains above $21.00-$22.00 range and with an upside potential target of $34.00-$36.00. We are bullish on the future of Antero Resources.

AAVE/USDT

AAVEUSDT 2023 07 24 20 11 39 Caesars Entertainment Launches Sports Betting in Ohio and Massachusetts || (AR): Strong Positioning in Marcellus Shale and Utica Play

AAVE, a cryptocurrency, is currently trading at $69.92 and it appears to be approaching the key area of support at $68 to $70. 

This area is significant, as we anticipate the price to stabilize around this level. The daily chart’s Stoch RSI reveals an oversold condition, and we believe that there could be an opportunity for a long trade if the price consolidates at this level. If this support area holds, we predict that AAVE could make an upward move to the next resistance areas, ranging from $73.50 to $76.50, and finally $82 to $84. 

However, if this level fails, there is a possibility of a drop in price to $62 to $64. AAVE’s bullish trajectory, on the other hand, could be maintained if the BTC dominance continues to decrease.

U.S. Dollar Index (DXY)

DXY 2023 07 24 20 35 11 Caesars Entertainment Launches Sports Betting in Ohio and Massachusetts || (AR): Strong Positioning in Marcellus Shale and Utica Play

The financial world is abuzz with talk of the DXY’s recent movements. There is a growing consensus that it might be deviating back into its range, which has many investors on the edge of their seats. The key to confirming this theory lies in a weekly close above 101.26 – if this happens; it could signal a major shift in the market. 

And if the DXY does indeed reclaim that range, there is a critical level to keep an eye on: 104.74. As always in the fast-paced world of finance, it’s important to stay vigilant and adapt quickly to any changes that may come our way.