This coronavirus-resistant sports stock is headed higher, Needham says

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009
Ethan Miller | Getty Images Entertainment | Getty Images

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The barren sports landscape caused by the coronavirus shutdowns has created a great opportunity for one sports entertainment company still running — even if it's scripted, Needham said. 

The firm said in a new note that World Wrestling Entertainment, which has been deemed an essential service by the State of Florida, is "Covid-resistant."