Dj Fox Corp. Cl A Stock Underperforms Wednesday When Compared To Competitors

President-elect Donald Trump has spent the week following his election win penciling in cabinet picks. His choice for Defense Secretary, Pete Hegseth, is raising eyebrows.

The Pick: Hegseth was a co-host on Fox Corp‘s “Fox & Friends,” Trump’s favorite television show.

The Minnesota native, an Iraq and Afghanistan War veteran, has never held a government position. Hegseth has been a strong supporter of Trump since 2016.

According to the Associated Press, Trump encouraged his supporters to buy Hegseth's book in June and said that if he won the election, "The woke stuff will be gone within a period of 24 hours. I can tell you."

Hegseth supports removing women from combat roles in the military, according to The Independent.

Why it Matters: Trump’s selection of Hegseth surprised many Wall Street observers, according to Barron’s. The television host was not on the radar of research analysts.

Trump announced plans Tuesday to appoint Elon Musk and Vivek Ramaswamy to form the “Department of Government Efficiency,” aimed to “cut wasteful expenditures.”

The sprawling U.S. military complex, which now comprises 13% of the federal budget at nearly $1 trillion, has been unable to pass an independent audit for the last six years, according to Reuters.

Wall Street is apparently not worried that Musk and Ramaswamy will gut military spending to federal contractors. The iShares US Aerospace & Defense ETF has risen over 7% since Trump’s election win. General Dynamics Corp , Lockheed Martin Corp and Rtx Corp have posted gains in that period.

What’s Next: Several Democratic Party politicians including Senator Elizabeth Warren voiced disapproval of Trump’s pick, citing Hegseth’s lack of experience. The “Fox & Friends” anchor will face a confirmation hearing in the Senate following Trump’s inauguration.

Also Read:

• Trump Appoints Elon Musk And Vivek Ramaswamy To Lead ‘DOGE,’ Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: ‘We Will Not Go Gently’

Photo courtesy of Wikimedia.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The Kansas City Chiefs are the only unbeaten NFL team remaining in the 2024 season and are the betting favorites to be the first team to win back-to-back-to-back Super Bowls in NFL history.

Here's a look at the current betting odds after the midway point of the 2024 NFL season and how it compares to the start of the season.

What Happened: The National Football League has wrapped 10 weeks of the 2024 season and with each team playing 17 games across 18 weeks, every team has now played at least nine of their 17 games in the season.

With teams all past the midway of their 17 games, here's a look at the current betting odds to win Super Bowl LIX from sportsbook DraftKings Inc and how the odds compare to back in February in parentheses after the Chiefs won their second straight Super Bowl.

• Kansas City Chiefs, 9-0: +400 (+650, 2nd)
• Detroit Lions, 8-1: +450 (+1,200, 5th)
• Baltimore Ravens, 7-3: +600 (+900, 3rd)
• Buffalo Bills, 8-2: +800 (+1,000, 4th)
• Philadelphia Eagles, 7-2: +900 (+2,000, 8th)
• San Francisco 49ers, 5-4: +1,000 (+550, 1st)
• Minnesota Vikings, 7-2: +2,200 (Not in top 13)
• Washington Commanders, 7-3: +2,500 (Not in top 13)
• Pittsburgh Steelers, 7-2: +2,500 (Not in top 13)
• Green Bay Packers, 6-3: +2,500 (+2,000, 9th)
• Houston Texans, 6-4: +2,800 (+2,200, 11th)
• Los Angeles Chargers, 6-3: +3,500 (+2,500, 13th)
• Arizona Cardinals, 6-4: +4,000 (Not in top 13)
• Cincinnati Bengals, 4-6: +4,500 (+1,300, 6th)
• Atlanta Falcons, 6-4: +5,000 Not in top 13)

The list of the top 15 favorite teams includes five that were not among the top 13 favorites back in February. The 49ers, the betting favorites, fell to sixth with a 5-4 record. The Bengals, which had the sixth-best odds in February, fell to 14th and the only team with a losing record to be among the 15 favorites. The Lions and Eagles have moved up several places thanks to strong starts.

The 2024 NFL season could see a first-time Super Bowl winner and could even include a team that has never been to a Super Bowl. The Lions and Texans are two of the four teams that have never been to a Super Bowl and both are among the 15 current favorites with the Lions ranked a narrow second behind the Chiefs.

The Bills, Vikings, Chargers, Cardinals, Bengals and Falcons have all been to a Super Bowl but never won, with the Bills and Vikings each having a 0-4 record in career Super Bowls.

Dropping out of the top 13 for odds were the Miami Dolphins (7th), Dallas Cowboys (10th) and New York Jets (12th), which have records of 3-6, 3-6 and 3-7, respectively.

Strong TV Ratings: The 2024 NFL season witnessed some big primetime television matchups and key rivalries that helped boost viewership.

Amazon.com Inc , which hosts "Thursday Night Football," is seeing its best ratings with an average of 13 million viewers through week 9, up 4% year-over-year and ahead of averages of 11.86 million in the 2023 season and 9.58 million in the 2022 season, as reported by FrontOfficeSports.

Fox Corporation is averaging 18.65 million viewers for its Sunday games, the company's highest average through week 9 since 2016.

Of the 10 most-watched NFL games for the season, five were on FOX, three were on Paramount Global -owned CBS and two were on Comcast Corporation -owned NBC. The most-watched game to date is the Week 1 Chiefs vs. Ravens matchup on NBC with 29.2 million viewers, as reported by Action Network.

The Chiefs have been featured in six of the most-watched NFL games for the 2024 season.

Read Next:

• Here’s How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit

Photo: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The Kansas City Chiefs are the only unbeaten NFL team remaining in the 2024 season and are the betting favorites to be the first team to win back-to-back-to-back Super Bowls in NFL history.

Here's a look at the current betting odds after the midway point of the 2024 NFL season and how it compares to the start of the season.

What Happened: The National Football League has wrapped 10 weeks of the 2024 season and with each team playing 17 games across 18 weeks, every team has now played at least nine of their 17 games in the season.

With teams all past the midway of their 17 games, here's a look at the current betting odds to win Super Bowl LIX from sportsbook DraftKings Inc and how the odds compare to back in February in parentheses after the Chiefs won their second straight Super Bowl.

• Kansas City Chiefs, 9-0: +400 (+650, 2nd)
• Detroit Lions, 8-1: +450 (+1,200, 5th)
• Baltimore Ravens, 7-3: +600 (+900, 3rd)
• Buffalo Bills, 8-2: +800 (+1,000, 4th)
• Philadelphia Eagles, 7-2: +900 (+2,000, 8th)
• San Francisco 49ers, 5-4: +1,000 (+550, 1st)
• Minnesota Vikings, 7-2: +2,200 (Not in top 13)
• Washington Commanders, 7-3: +2,500 (Not in top 13)
• Pittsburgh Steelers, 7-2: +2,500 (Not in top 13)
• Green Bay Packers, 6-3: +2,500 (+2,000, 9th)
• Houston Texans, 6-4: +2,800 (+2,200, 11th)
• Los Angeles Chargers, 6-3: +3,500 (+2,500, 13th)
• Arizona Cardinals, 6-4: +4,000 (Not in top 13)
• Cincinnati Bengals, 4-6: +4,500 (+1,300, 6th)
• Atlanta Falcons, 6-4: +5,000 Not in top 13)

The list of the top 15 favorite teams includes five that were not among the top 13 favorites back in February. The 49ers, the betting favorites, fell to sixth with a 5-4 record. The Bengals, which had the sixth-best odds in February, fell to 14th and the only team with a losing record to be among the 15 favorites. The Lions and Eagles have moved up several places thanks to strong starts.

The 2024 NFL season could see a first-time Super Bowl winner and could even include a team that has never been to a Super Bowl. The Lions and Texans are two of the four teams that have never been to a Super Bowl and both are among the 15 current favorites with the Lions ranked a narrow second behind the Chiefs.

The Bills, Vikings, Chargers, Cardinals, Bengals and Falcons have all been to a Super Bowl but never won, with the Bills and Vikings each having a 0-4 record in career Super Bowls.

Dropping out of the top 13 for odds were the Miami Dolphins (7th), Dallas Cowboys (10th) and New York Jets (12th), which have records of 3-6, 3-6 and 3-7, respectively.

Strong TV Ratings: The 2024 NFL season witnessed some big primetime television matchups and key rivalries that helped boost viewership.

Amazon.com Inc , which hosts "Thursday Night Football," is seeing its best ratings with an average of 13 million viewers through week 9, up 4% year-over-year and ahead of averages of 11.86 million in the 2023 season and 9.58 million in the 2022 season, as reported by FrontOfficeSports.

Fox Corporation is averaging 18.65 million viewers for its Sunday games, the company's highest average through week 9 since 2016.

Of the 10 most-watched NFL games for the season, five were on FOX, three were on Paramount Global -owned CBS and two were on Comcast Corporation -owned NBC. The most-watched game to date is the Week 1 Chiefs vs. Ravens matchup on NBC with 29.2 million viewers, as reported by Action Network.

The Chiefs have been featured in six of the most-watched NFL games for the 2024 season.

Read Next:

• Here’s How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit

Photo: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.