The company that owns sports teams like the Knicks and Rangers had less games in the second quarter, but still made more money than people expected. They have a lot of money saved up too. That's why their shares are going up. Read from source...

1. The headline is misleading and sensationalized. It implies that the rising shares are due to playing fewer games, which is not supported by the article content. A more accurate title could be "Madison Square Garden Sports Reports Q2 Earnings Beating Estimates Despite Fewer Knicks And Rangers Games".

Dear user, thank you for your interest in Madison Square Garden Sports Corp. (MSGS). I have analyzed the article you provided and extracted some key information that may help you decide whether to buy, hold or sell MSGS shares. Here are my main points:

- The company reported higher than expected revenue in Q2 despite playing fewer Knicks and Rangers games due to a lower demand for sports events amid the pandemic. This suggests that the company has a loyal fan base and strong media rights deals that generate consistent income.
- The company has a healthy cash position of $41.23 million at the end of Q2, which indicates that it can weather any potential downturns in the sports industry or the broader economy.
- The company's shares are trading higher on Tuesday, reflecting investor optimism about its future performance and growth prospects. However, the stock is still below its 52-week high of $348.01, which means there is room for further appreciation in the long term.
- The company faces some risks, such as the ongoing uncertainty around the pandemic and its impact on sports attendance and viewership, the competition from other media platforms and streaming services, and the potential changes in the regulatory environment that may affect its media rights agreements.

Based on these points, I would recommend that you buy MSGS shares if you believe that the company can overcome the challenges posed by the pandemic and continue to deliver value to its shareholders. You should also consider setting a stop-loss order at around 10% below your purchase price to limit your losses in case of a sudden drop in the stock price. You should also monitor the company's financial performance and media coverage closely, as well as any news related to the sports industry or the regulatory landscape that may affect MSGS. Finally, you should diversify your portfolio by investing in other sectors and asset classes that may offer different sources of returns and reduce your overall risk exposure.