The race that stops a nation is upon us once again. While many punters might be having a wager on which horse they think will win, I think the best thing to do is invest that money instead.
However, it doesn’t mean you can’t profit from people doing something related to the race:
The main way to benefit is from the growth of betting. Lots of people love a gamble, particularly when it comes to horse racing.
Crownbet and Tatts racing will both receive a flurry of bets on the day and I’m sure the bookies will win as they usually do.
Woolworths Limited (ASX: WOW)
I’m not one to say that Woolworths has a great long-term future. However, its short-term sales growth could see the share price continue to grow. Plenty of food will also be sold for Melbourne Cup parties around the country.
It’s also likely that Dan Murphy’s will sell a huge amount of alcohol on Melbourne Cup day, being the market leader of liquor stores.
Primary Health Care Limited (ASX: PRY)
After a day of festivities and alcohol, it’s likely that many punters and partygoers will wake up with a hangover the next day. They may even have had a drunken accident and hurt themselves at the party.
Some of those people will likely head to their local Primary medical centre for a sick note from work or to treat their minor drunken injuries.
It’s always possible to find investments with most events or trends, even if some of them don’t make that much of an investment case.
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Crown Resorts Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.