The 147th working of the Kentucky Derby will happen right this moment. The race will characteristic 19 horses as of writing that may compete within the longest-running annual sporting occasion in the US.
The race will probably be aired on NBC Sports activities, a unit of Comcast Company (NASDAQ: CMCSA). The race and corresponding racetrack are belongings owned by Churchill Downs Inc (NASDAQ: CHDN), a publicly traded firm.
A number of of the 19 horses set to race within the 2021 Kentucky Derby even have ties to the inventory market. One horse is even named Tremendous Inventory and would possibly see bets from those that observe the inventory market.
Here’s a take a look at horses who have ties to publicly traded corporations by way of their possession groups.
Identified Agenda: Vincent Viola, who owns the NHL’s Florida Panthers, is the proprietor of Identified Agenda. Viola can be the founder and chairman emeritus of Virtu Monetary (NASDAQ: VIRT). Shares of the market maker and liquidity supplier firm are up 19% in 2021. Viola can be the previous chairman of the New York Mercantile Change, now a subsidiary of CME Group (NASDAQ: CME). Identified Agenda has 20 to 1 odds to win on the time of writing.
Midnight Bourbon: Winchell Thoroughbreds, ran by mother-son companions Joan and Ron, are the house owners of Midnight Bourbon. The racing operation was started by Verne Winchell, who handed away in 2002. Winchell based Winchell Doughnut’s, which merged with Denny’s Corp (NASDAQ: DENN). Winchell served because the chairman and CEO of the mixed firm from 1967 to 1980. It was the merger with the already public Winchell’s that introduced Denny’s to the general public markets. Midnight Bourbon has 19 to 1 odds to win the Kentucky Derby.
Extremely Motivated: The Baupost Group CEO Seth Klarman is the proprietor of Karavich Stables, which has entered Extremely Motivated within the Kentucky Derby. The Baupost Group owned stakes in corporations like eBay Inc (NASDAQ: EBAY), Liberty World (NASDAQ: LBTYK) and Intel Corp (NASDQ:INTC). The fund has additionally invested in a number of SPACs together with Pershing Sq. Tontine Holdings (NYSE: PSTH). Extremely Motivated has 19 to 1 odds to win the Kentucky Derby.
Soup and Sandwich: The explanation for the title of Soup and Sandwich might must do with Stay Oak Plantation proprietor’s household historical past. Proprietor Charlotte C. Weber is the granddaughter of John T. Dorrance, the founding father of Campbell Soup (NYSE: CPB). Weber beforehand served on the board of administrators for Campbell Soup. Soup and Sandwich has 37 to 1 odds to win the race.
Associated Hyperlink: Is Churchill Downs A Buy Ahead Of The 2021 Kentucky Derby
Dynamic One: St. Elias Steady, which can be racing Identified Agenda within the race, is one among three co-owning stables for Dynamic One. One other co-owner is Repole Steady, which is owned by Mike Repole, the founding father of beverage manufacturers VitaminWater, Smartwater and BODYARMOR. Coca-Cola (NYSE: KO) acquired VitaminWater and Smartwater and has an possession stake in BODYARMOR. Repole additionally has ties to Pirate’s Booty, which is owned by The Hershey Co (NYSE: HSY) and was beforehand a holding of B&G Meals Inc (NYSE: BGS). Dynamic One has 52 to 1 odds to win the race.
King Fury: Paul Fireman is the proprietor of Fern Circle Stables, which co-owns King Fury. Fireman purchased the distribution rights to Reebok footwear for the U.S. market again in 1979. Fireman constructed Reebok right into a powerhouse and offered the corporate to Adidas (OTC: ADDYY) in 2005. Fireman is an investor in a number of hashish manufacturers together with Tilray (NASDAQ: TLRY). King Fury has 52 to 1 odds to win the race.
Keepmeinmind: Among the many house owners of Keepmeinmind is B. Wayne Hughes, the founding father of Public Storage (NYSE: PSA). Hughes created Public Storage after noticing a self-storage warehouse loaded to capability in Texas and needed to develop the idea. Public Storage is now the biggest self-storage firm within the US working as a REIT. Keepmeinmind has 65 to 1 odds to win the race.
For extra on the 2021 Kentucky Derby and a few potential picks, see this guide from PreMarketPrep co-host Joel Elconin.
Picture courtesy of the Kentucky Derby.
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