On This Day – 5 Stocks For Kasparov (KNX, ROX, KGJI, DGSE, NILE)
On May 11, 1997, world chess champion Gary Kasparov was beaten by the computer Deep Blue. This was the first time a champ had been defeated in a multi-game match by a computer. Historians in a post-apocalyptic world may look back on that date as the day computers got too big for their britches and eventually took over the world. We'll have to wait and see. For now, here are 5 chess-related stocks.
Knight Transportation (NYSE: KNX)
Reports that Knight Transportation can only move in L shapes are exaggerated. However, it is true that it can jump over other vehicles when moving. Or something.
Castle Brands (NYSE: ROX)
Otherwise known as Rook Brands, although not really. This company's sole purpose is to move in straight lines, vertically or horizontally, though when considering the fact that it brands alcohol categories, that might not be so easy.
Kingold Jewelry (NASDAQ: KGJI)
Otherwise known as the best we could do regarding a King-named company. The King, much like jewelry, has to be protected because it's very valuable.
DGSE Companies (NYSE: DGSE)
DGSE was, until recently, the owner of the National Jewelry Exchange shops. Get it? Pawn shops. So DGSE could only move one step forward at a time. That's probably why they sold the stores.
Blue Nile (NASDAQ: NILE)
After losing to Deep Blue, perhaps Kasparov would avoid Ethiopian food for a while. Or anything blue, for that matter.
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