Five Stocks for the NBA's Champion the Miami Heat
In perhaps the biggest sporting non-event in recent memory, the star-studded Miami Heat beat the Oklahoma City Thunder on Thursday evening to take the NBA title, giving superstar LeBron James his first championship.
In fairness, James put on a stellar performance during the 121-106 victory, scoring 26 points with 11 rebounds and 13 assists. Now, James may feel that his much-maligned departure from Cleveland has been fully vindicated. Indeed, the people of Cleveland were probably cheering on Oklahoma throughout the Finals.
Regardless, James and the Heat are now champions. "It was the hardest thing I've ever done as a basketball player," James said. "You just put a lot of hard work into it and you hope that one day it will pay off for you."
Here are five hard working companies that may or may not be celebrating the Heat's victory this weekend.
1. CBS (NYSE: CBS)
CBS's cable segment is Showtime, which runs the hit drama show Dexter. The show's Miami-based protagonist is a psychotic serial killer who justifies his actions by claiming that he only kills killers (though this is not always the case). Like LeBron James, Dexter is somebody that we don't necessarily like, but we can't help but respect his work.
On Friday, CBS traded at about $31.60, down roughly 0.3%.
2. Global X FTSE Colombia 20 ETF (NYSE: GXG)
As Benzinga's ETF Professor said recently, Colombia has become a major player on the emerging market stage. This will please the many Colombian residents of Miami, plenty of whom likely cheer for the Heat. After all, as the Professor points out, "close ties to the U.S. are a pivotal part of the Colombian economic story."
On Friday, GXG traded at about $20, down roughly 0.7%.
3. Carnival (NYSE: CCL)
Carnival CEO Micky Arison is also the owner of the Miami Heat, so nobody will be celebrating more than him this weekend. It seems that the least he can do is take his players out for a luxury cruise, but then he probably didn't get to the top by giving things away. Carnival is currently the world's largest cruise operator.
On Friday, Carnival traded at about $33.50, down roughly 3%.
4. Sony (NYSE: SNE)
RCA Records is one of the many labels belonging to Sony. Will Smith is signed to RCA. Back in 1998, Will Smith released a single of questionable quality called "Miami" that reached number 17 on the Billboard charts. Rumors that he's currently recording a song called "Welcome to Cleveland" are probably untrue.
On Friday, Sony traded at about $14.30, up roughly 5.4%.
5. Comcast (NASDAQ: CMCSA)
Comcast owns more than half of TV network NBC, which ran the show Miami Vice between 1884-1989. Producer Michael Mann directed a film adaption in 2006, though most agree that it failed to capture the spirit of the mighty Don Johnson. However, if they ever make a sequel, it should star LeBron James as a small time crook who screws over a small enterprise in order to make a rich corporation even richer.
On Friday, Comcast traded at about $30.80, up roughly 0.4%.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.