Here's Why DraftKings (DKNG) Fell More Than Broader Market
- The latest trading day saw DraftKings (DKNG) settling at $43, representing a -0.58% change from its previous close.
- 06/20/2024
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3 Sports Betting Stocks to Wager On for a 2X Payout by 2033
- Sports betting has grown increasingly popular. While this industry has been around for decades, many states outlawed betting on sports, creating certain jurisdictions those looking to get in on the action would have to travel to.
- 06/20/2024
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DraftKings Stock Setting Up Despite Concerns Over Online Betting Taxes
- Despite concerns over where states will go on the issue of online sports betting, DraftKings stock is approaching yet another buy point.
- 06/20/2024
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7 Growth Stocks to Buy and Hold for 20X Gains by 2033
- Growth stocks are rallying higher and higher in the current environment, and it makes sense so many people are getting in on the action. A side effect of this is that many people are also starting to turn to many speculative bets, and we can see that through the recent meme stocks and crypto rallies.
- 06/18/2024
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Americas Gambling & Betting Sponsorship Sector Report 2024, with Case Studies on UFC and DraftKings
- Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Sponsorship Sector Report - Gambling & Betting Americas 2024" report has been added to ResearchAndMarkets.com's offering. This report provides an overview of the gambling and betting sector across the Americas region. It explores all the main active brands in the sector as well as details the movement in the sector over the last few years in the sports sponsorship industry. American Football dominates the spend in the gambling and betting sector across the Americas region. American Football's top deal in terms of annual value is the NFL's partnership with Caesars Entertainment, worth an estimated $40 million annually. Soccer dominated the volume of deals in the gambling and betting sector across the Americas region with 117 deals and ranks second in terms of annual value. Basketball ranks in the top 3 sports for both annual deal value and deal volume in the gambling and betting sector across the Americas region, with the sports top 4 deals in terms of annual value all being with the NBA. The top deal in the gambling and betting sector across the Americas region is UFC's deal with DraftKings. UFC's partnership with DraftKings is worth a reported $350 million across 5 years. The NFL ranks second, third, and fourth in terms of largest annual deal values, with partnerships with FanDuel, DraftKings, and Caesars Entertainment, all are worth $40 million annually. Gambling and betting brands have focused their spend across the Americas region with teams and federations, making up almost 75% of the total spend in the sector. American gambling and betting brands dominate the sports sponsorship spend across the Americas. Gambling and betting brands with headquarters in the Americas region acquired 383 deals, accumulating to over $1 billion in annual value. BetMGM are the most active gambling and betting brand in sports sponsorship across the Americas region with 33 deals; The brands top deal is MGM Resorts partnership with MLB. The top 4 most active gambling and betting brands across the Americas region, Bet MGM, DraftKings, FanDuel, and Caesars Entertainment are also the top 4 biggest spenders.
- 06/18/2024
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Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know
- DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 06/18/2024
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The 5 Biggest Buyers of DraftKings (DKNG) Stock
- Shares of DraftKings (NASDAQ: DKNG ) stock are surging higher after the U.S. Supreme Court declined to hear the West Flager Associates's (WFA) case against the Seminole Tribe. In 2021, the tribe gained exclusive rights to online Florida sports betting under the notion that all sports betting occurs on tribal land because that is where the servers are located.
- 06/17/2024
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Spin the Wheel! DraftKings Stock Is a Really Good Deal.
- DraftKings (NASDAQ: DKNG ) is a thriving business, but that comes with a cost as some state-level legislators want a piece of that delicious fiscal pie. No worries, though, as DraftKings can still continue to succeed as a business enterprise and DraftKings stock has mega-rally potential.
- 06/17/2024
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DraftKings Stock Can Overcome 'Wall Of Worry Around Various Regulatory Risks' Analyst Says: Sizing Up Illinois Taxes, Jackpocket Acquisition
- Leading sports betting company DraftKings Inc DKNG was sized up by an analyst in a new note with a look ahead at the impact of the acquisition of digital lottery company Jackpocket.
- 06/13/2024
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7 Growth Stocks to Buy and Forget for 30X Returns by 2030
- In a balanced portfolio, blue-chip stocks provide steady returns with the comfort of a low beta. On the other hand, growth stocks create big wealth.
- 06/12/2024
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DraftKings Emerging As A Leader In $35B North American Online Betting Market, Analyst Says
- Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target.
- 06/12/2024
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Why DraftKings (DKNG) Dipped More Than Broader Market Today
- DraftKings (DKNG) closed the most recent trading day at $36.89, moving -1.78% from the previous trading session.
- 06/07/2024
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Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
- DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 06/07/2024
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7 High-Beta Growth Stocks to Buy for 20-Bagger Returns
- In simple words, beta denotes the volatility of a stock in comparison to the index. If the stock has a beta of 1, it would move in sync with the index.
- 06/06/2024
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Terrible News for DraftKings Stock Investors
- Taxes could crush DraftKings' improving business.
- 06/04/2024
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Could Investing $100,000 in DraftKings Stock Make You a Millionaire?
- DraftKings stock tumbled recently after legislators in Illinois passed a significant tax hike on sports betting businesses. It's unclear whether other states will follow suit.
- 06/01/2024
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Why DraftKings Stock Cratered and May Fall Further
- Illinois increased its tax on online gaming revenue, which will be a big hit to DraftKings. Taxes are a huge threat to DraftKings' improving bottom line.
- 05/31/2024
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Massive News for DraftKings Stock Investors
- An increase in the tax rate will hurt DraftKings' business in one of its larger markets.
- 05/30/2024
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Where Will DraftKings Stock Be in 5 Years?
- DraftKings is benefiting from more states legalizing online sports betting. The next stage of the company's growth will be from becoming more profitable.
- 05/29/2024
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DKNG, FLUT Reaction to Sports Betting Tax is Overdone
- The “math and checks suggest the reaction is overdone,” notes Jefferies on DKNG and FLUT reaction to the Illinois news. Jefferies views the Illinois tax as “relatively state-specific.
- 05/28/2024
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DraftKings Stock Shifts On New Tax Hikes. Here's How To Handle The Action.
- A new Illinois tax law pummels DraftKings stock. "IBD Live" explains.
- 05/28/2024
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Draftkings shares fall on gaming tax fears
- CNBC's Contessa Brewer joins 'Power Lunch' to discuss DraftKings shares falling and gaming stocks reaction to state tax hikes.
- 05/28/2024
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DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears
- Bets on sports betting giants came up short Tuesday, as shares of gambling market dominators DraftKings and FanDuel tanked as Illinois closed in on a significant increase on the tax rate facing the companies' operations in the state.
- 05/28/2024
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Signal: Buy the Dip on DraftKings Stock
- The shares of sports betting company DraftKings Inc (NASDAQ:DKNG) are crumbling today, last seen 11.6% lower to trade at $36.09, after the Illinois Senate passed a 2025 budget that will raise taxes on gross gaming revenue raise by more than 140%.
- 05/28/2024
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Why DraftKings Stock Just Crashed 13.5%
- Illinois is more than doubling the tax rate on online sports betting. DraftKings could face a 37% tax bill in 2025.
- 05/28/2024
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Sports-Betting Stocks Drop as Illinois Senate Passes Budget Raising Tax Scale
- Sports-betting stocks like DraftKings (DKNG) and FanDuel parent Flutter Entertainment (FLUT) are sliding Tuesday following the Illinois Senate passage of a new state budget that includes a new progressive tax rate on such firms.
- 05/28/2024
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Gaming stocks slip on new tax hike
- CNBC's Contessa Brewer reports on news in the sports betting space.
- 05/28/2024
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DKNG, FLUT, PENN Fall on Higher Sports Gaming Operator Tax
- Sports gaming stocks are falling as the Illinois Senate approves a higher tax on operators. Caroline Woods discusses this as this Illinois tax introduces a progressive tax rate for operators based on their revenue and it imposes a 40% rate on operators with the highest adjusted gross revenue.
- 05/28/2024
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DraftKings (DKNG) Stock Falls as Illinois Senate Passes Sports Betting Tax
- DraftKings (NASDAQ: DKNG ) stock fell 7% over the weekend after the Illinois Senate passed a hike to the state's sports betting tax. The Senate package is different from a bill already approved by the Illinois House.
- 05/28/2024
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DraftKings, FanDuel Stocks Blitzed By 140%+ Illinois Tax Hike
- DraftKings stock and FanDuel-parent Flutter Entertainment both fell after the Illinois Senate advanced a budget that would more than double online sports betting taxes.
- 05/28/2024
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DraftKings and FanDuel Stocks Drop on Sports Betting Tax Hike
- This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.
- 05/28/2024
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DraftKings hit by Illinois sports betting bill
- DraftKings Inc is down close to 10% in premarket on Tuesday after Illinois passed a legislation related to a sports-betting tax hike. Here's what Illinois legislation means for $DKNG Illinois will now impose the second highest tax on sports betting companies.
- 05/28/2024
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DraftKings and FanDuel parent hit by Illinois sports-tax legislation
- Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike.
- 05/28/2024
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Is Trending Stock DraftKings Inc. (DKNG) a Buy Now?
- DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 05/27/2024
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The 2034 Millionaire's Club: 3 Machine Learning Stocks to Buy Now
- Machine learning stocks are gaining traction as the interest in artificial intelligence (AI) and machine learning soars, especially after the launch of ChatGPT by OpenAI. This technology has given us a glimpse of its potential, sparking curiosity about its future applications, and has led to my list of machine learning stocks to buy.
- 05/24/2024
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DraftKings: Tailwinds On All Sides
- DraftKings' share price has jumped 25% this year, outperforming the broader market as it continues to rapidly gain new users. The company's recent launches in North Carolina and Vermont added ~10% more users than the company initially expected. DraftKings has a large addressable market, improving customer acquisition costs, and offers a wide range of sports and gaming options.
- 05/23/2024
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DraftKings Completes Acquisition of Jackpocket
- Unlocks Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities Unlocks Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities
- 05/23/2024
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7 Growth Stocks to Buy Now for 20X Returns by 2030
- The single biggest quality of an investor that can make him/her a millionaire is patience. With some research, it's not difficult to spot quality growth stocks to buy.
- 05/23/2024
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Buy The Dip On This Sports Betting Stock
- DraftKings (DKNG) has been choppy since its Mar. 27 two-year high of $49.57, with 2.8% post-earnings bear gap on May 3 not helping matters. Last seen down 3.3% to trade at $42.42 and on track for a fourth loss in the last five days, the silver lining is that this pullback has the stock near a historically bullish trendline.
- 05/22/2024
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3 Soaring Stocks I'd Buy Now With No Hesitation
- The so-called Amazon of Latin America, MercadoLibre may end up dishing out Amazon-like gains by being in the right place at the right time. DraftKings' unprofitable start is about to undergo a sweeping change as its customer base matures.
- 05/21/2024
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3 Stocks Under $100 That Could Be Portfolio Game-Changers
- Beginner investors are always worried about spending too much or too little in the stock market. Some want to start slow and watch their investments while others want to go all in and reap significant gains.
- 05/21/2024
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3 Meme Stocks to Buy on the Dip: May 2024
- Meme stocks have gained significant attention on Wall Street, with individual investors coordinating their buying efforts on social media platforms like Reddit's r/WallStreetBets forum. While some may view this trend as irrational, there are reasons behind the interest in certain companies.
- 05/20/2024
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3 Sports Betting Stocks to Buy and Hold for the Next Decade
- It might feel like yesterday, but it's already been six years since the U.S. Supreme Court lifted the federal ban on sports betting. This has allowed states to legalize the sport, and now, over 30 states and D.C.
- 05/18/2024
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Forget Amazon: These Unstoppable Stocks Are Better Buys
- China's e-commerce outfit Alibaba seemingly can't catch a break, but an important piece of its puzzle is slowly falling into place. Starbucks remains the biggest name in the prepared-coffee business, but consumers are increasingly looking for something more casual and convenient, like Dutch Bros.
- 05/18/2024
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As The Dow And S&P 500 Hit All-Time Highs, Here Are 3 Ways To Profit
- The Dow is flirting with 40,000. The S&P 500 and Nasdaq are at or near record highs.
- 05/17/2024
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Dow Tags 40K. SPX Hits AT High.
- The Dow is flirting with 40,000. The S&P 500 and Nasdaq are at or near record highs.
- 05/17/2024
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Vice Stock Vanguards: 3 Sin Stocks Delivering Heavenly Returns
- Quite often we read about societal pressures that have driven the increased use of everything from narcotics to gambling to even the reemergence of nicotine and tobacco. Unfortunately, with many of the economic difficulties of the 21st century, young people, now more than ever, rely on substances and thrills to get through the day.
- 05/16/2024
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DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
- DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/16/2024
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The 7 Most Undervalued Under-$50 Stocks to Buy in May 2024
- As earnings season winds down, the long-awaited shift from growth to value seems to be emerging. Many tech stocks are down despite good earnings as investors hunt for bargains.
- 05/12/2024
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DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst
- DraftKings grew its revenue 53% in Q1, but competitor FanDuel reportedly grew 56%. So who's the real leader in online sports gambling today?
- 05/08/2024
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DraftKings Stock Analysis: Hold, Sell, or Buy?
- The mobile gaming company is making giant strides toward profitability.
- 05/07/2024
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1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?
- Analysts at Benchmark slightly raised the firm's price target to $52 following a beat-and-raise quarter. DraftKings beat revenue expectations, and management raised guidance for the full year.
- 05/05/2024
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DraftKIngs Q1 earnings shows revenue increased over 50%
- DraftKings (DKNG) posted first-quarter earnings results, showing revenue increased over 50% year-over-year. According to the report, part of their success is due in part to stronger-than-expected customer acquisition and retention.
- 05/04/2024
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DraftKings Isn't Gambling on Its Innovation-Fueled Customer Acquisition Strategy
- When it comes to gambling, over a long enough time frame, the house always wins. And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Friday (May 3) reported that its revenue had grown 53% year-over-year in the first quarter of 2024.
- 05/03/2024
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DraftKings raises full-year revenue guidance on strong Q1
- DraftKings Inc (NASDAQ:DKNG) shares moved higher in premarket trade after the fantasy sports betting business upped its full-year revenue guidance on the back of a strong first quarter. The company raised its fiscal 2024 revenue guidance for $4.9 billion from $4.78 billion at the midpoint and its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) projection to $500 million from $460 million.
- 05/03/2024
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DraftKings Q1: Strong Customer Acquisition and Product Innovation
- DraftKings NASDAQ: DKNG is a prominent player in the online sports entertainment and gaming industry. Draft Kings' earnings report for the first quarter of 2024 was recently released, showcasing impressive financial performance and solidifying its position as a leader in the rapidly expanding consumer discretionary market.
- 05/03/2024
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DraftKings (DKNG) Reports Q1 Loss, Tops Revenue Estimates
- DraftKings (DKNG) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.87 per share a year ago.
- 05/02/2024
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DraftKings Stock Edges Up As Narrowed Loss, Revenue Outpace Views
- DraftKings stock rose late Thursday as Q1 results ran ahead of expectations. Conference call set for Friday morning.
- 05/02/2024
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DraftKings posts surge in revenue, hikes full-year sales guidance
- DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up 3% in extended trading.
- 05/02/2024
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3 Lesser-Known Stocks That Could Skyrocket in 2024
- Investors are always looking for lesser-known stocks to buy. The public's attention is sometimes only driven to the largest and most well-known stocks.
- 05/02/2024
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DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million
- BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.
- 05/02/2024
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Millionaire-Making Machines: 7 Unstoppable Growth Stocks to Own for the Long Haul
- If we look at some data points on investing trends, it seems that long term investing is dead, but there are millionaire-making growth stocks to be had out there. Equity holding periods have decreased in recent decades.
- 05/02/2024
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Missed Out On the Run-Up in Artificial Intelligence (AI)? Here's the Next Big Trend Investors Need to Know About -- and One Stock to Buy and Hold Forever
- Sports wagering has skyrocketed in popularity since the U.S. Supreme Court struck down a federal ban in 2018. Total revenues on sports betting have grown 11x in only four years, and 38 U.S. states now permit legal sports betting.
- 05/02/2024
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DraftKings Stock Hoping For Another Post-Earnings Pop
- DraftKings Inc (NASDAQ:DKNG) steps into the earnings confessional after the stock market closes on Thursday, May 2.
- 05/01/2024
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Moody's, Booking, DraftKings, Amgen stocks in focus ahead of earnings
- American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest Federal Reserve decision. The Dow Jones rose by over 65 points while the S&P 500 and Nasdaq 100 indices fell by over 10 basis points.
- 05/01/2024
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3 Amazing Internet Stocks That Could Help Set You Up for Life
- Shopify's revenue and free cash flow per share are surging, as the company bounces back from its post-pandemic swoon. Sports betting is now legal in 38 U.S. states.
- 05/01/2024
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DraftKings (DKNG) to Report Q1 Earnings: What's in Store?
- DraftKings' (DKNG) first-quarter 2024 performance is likely to have benefited from robust demand for mobile sports betting and heightened customer acquisition, engagement and retention strategies.
- 04/29/2024
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Got $1,000? 3 Stocks to Buy Now While They're On Sale
- Uber's foreseeable future could be just as impressive as its past, but for a slightly different reason. Alibaba's shares have been in a serious slump, but there's finally a light at the end of the tunnel.
- 04/26/2024
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DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
- DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 04/25/2024
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Is DraftKings Stock Going to $60? 1 Wall Street Analyst Thinks So.
- Legalized betting could be quite the motor of growth for online wagering operators like this one. That's why the pundit in question thinks the shares could zoom roughly 46% higher.
- 04/24/2024
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2 Growth Stocks That Could Skyrocket in 2024
- Online gambling is exploding, and it could bring DraftKings' shareholders outstanding returns. The Amazon of Korea is bringing convenience to millions of customers, and it just completed a banner year.
- 04/24/2024
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DraftKings (DKNG) Laps the Stock Market: Here's Why
- DraftKings (DKNG) closed the most recent trading day at $41.20, moving +1.45% from the previous trading session.
- 04/23/2024
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DraftKings (DKNG) Stock Declines While Market Improves: Some Information for Investors
- DraftKings (DKNG) closed the most recent trading day at $40.61, moving -0.18% from the previous trading session.
- 04/22/2024
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DraftKings: A Long-Term Bet On Online Gambling Growth
- Interest in sports betting is at an all-time high, as shown in record betting activities on this year's Super Bowl and March Madness tournament. DraftKings is gaining market share, which could be attributed to its presence in more markets than its competitors. DraftKings could generate $5.5 billion in adjusted EBITDA in 2030 due to the expected growth in the sports betting industry as well as its acquisition of Jackpocket.
- 04/22/2024
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DraftKings Stock Has 42% Upside, According to 1 Wall Street Analyst
- DraftKings expects its revenue to grow by as much as 33% in 2024. Additional states legalizing online betting could further grow the size of its market.
- 04/21/2024
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Put $5,000 in These 3 Growth Stocks by 2025
- Having started the year on a highly optimistic note, the market has now turned into an uncertain zone. The inflation report and the pushback of Fed rate cuts have left investors worried.
- 04/19/2024
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Women's Sports Boom: Don't Miss These 7 Stocks Cashing In on Caitlin Clark Mania
- Caitlin Clark is a highly celebrated former NCAA basketball star who was selected as the first pick in the 2024 WNBA draft by the Indiana Fever. She is famous for her record-breaking college basketball career, where she established herself as one of the greatest players in NCAA history, holding the all-time scoring and assist records for both men and women.
- 04/17/2024
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Masters winner Scottie Scheffler has already won $15 million this year — almost twice as much as any other golfer
- The golfer continued his dominant season with a win at the Masters on Sunday, maintaining his top spot in golf's rankings, and has now won the most prize money ($15 million) this year by an incredible margin. The player with the next highest tournament earnings is $7.9 million, won by fellow American Wyndham Clark.
- 04/15/2024
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DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
- BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024.
- 04/15/2024
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These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 04/15/2024
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Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know
- DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 04/11/2024
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Forget DraftKings -- This Gambling Stock Is a Better Buy Today
- This company is profitable and has a huge upside in online gambling.
- 04/11/2024
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7 Must-Buy Growth Stocks That are Blue-Chips in the Making
- Blue-chip growth stocks are not made overnight. These stocks represent companies that have built their business over years or decades.
- 04/10/2024
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DraftKings (DKNG) Rises But Trails Market: What Investors Should Know
- DraftKings (DKNG) closed at $45.54 in the latest trading session, marking a +0.07% move from the prior day.
- 04/09/2024
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Sportsbooks report record betting throughout the March Madness tournament
- CNBC's Contessa Brewer reports on the stocks set to benefit from March Madness.
- 04/09/2024
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DraftKings and MGM Find New Gaming Frontier in Brazil
- Some of the sports betting world's biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America's largest economy and its new, and regulated, online gambling market, Bloomberg News reported Wednesday (April 3).
- 04/03/2024
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Is It Too Late to Invest in DraftKings Stock?
- DraftKings has benefited as a growing number of states legalize online sports betting. The company has yet to enter the three most populous U.S. states.
- 04/03/2024
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Should You Invest in DraftKings (DKNG) Based on Bullish Wall Street Views?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 04/01/2024
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3 Advantages of Buying Pullbacks (& 3 Pullbacks to Buy Now)
- Pullbacks to the 5-day or 10-week moving average offer investors several advantages. Stock Strategist Andrew Rocco explains why and unveils 3 juicy pullback set ups.
- 04/01/2024
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2 Stocks That Could Create Lasting Generational Wealth
- The growth in the online sports betting market could deliver more new highs for DraftKings' stock. Cava's early success in the fast-casual restaurant industry spells a rewarding investment opportunity.
- 03/30/2024
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DraftKings (DKNG) Beats Stock Market Upswing: What Investors Need to Know
- In the closing of the recent trading day, DraftKings (DKNG) stood at $45.41, denoting a +0.13% change from the preceding trading day.
- 03/28/2024
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Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
- Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 03/28/2024
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Sports Betting Is Now Legal in 38 States. These 3 Stocks Might Be Worth the Gamble.
- DraftKings leads in U.S. online sports betting and saw users grow by 1.1 million in 2023. FanDuel parent Flutter Entertainment leads in the U.K., Ireland, Australia, and Italy.
- 03/28/2024
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DraftKings Stock Has 24% Upside, According to 1 Wall Street Analyst
- Mizuho Securities initiated coverage on DraftKings with a buy rating and a $58 near-term price target. Lower marketing expense sets up great prospects for margin expansion and free cash flow growth.
- 03/27/2024
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Largest U.S. sportsbooks join forces to tackle problem gambling
- CNBC's Contessa Brewer joins 'Squawk Box' to report on the latest news from the nation's largest gaming companies.
- 03/27/2024
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It's Time to Bet on Sports Gambling, Analyst Says. DraftKings Is Only One Play.
- Shares of Penn Entertainment, MGM Resorts, and DraftKings are initiated with Buy recommendations by Mizuho.
- 03/26/2024
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Forget DraftKings, These 2 Stocks Are Better Buys Today
- DraftKings isn't profitable in online betting. The better bet may be one of the companies eating up its marketing dollars.
- 03/26/2024
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DraftKings is showing this ‘powerful sign' that could help boost its stock 20%
- DraftKings Inc.'s stock has been a big recent winner, rising nearly 170% over the past 12 months. But there's still room to run, according to a new bull.
- 03/25/2024
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Slam Dunk Investments: 3 Sports Betting Stocks to Profit from March Madness Mania
- You don't have to be a sports fan to own sports betting stocks. You just have to do the math.
- 03/25/2024
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DraftKings (DKNG) Suffers a Larger Drop Than the General Market: Key Insights
- DraftKings (DKNG) reachead $47.20 at the closing of the latest trading day, reflecting a -1.56% change compared to its last close.
- 03/22/2024
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Is It Too Late to Buy DraftKings Stock?
- The sports betting market is still young, with plenty of growth ahead even as it moves into its maturation phase. DraftKings has proven it can capture more than its fair share of the market's growth, and cost-effectively.
- 03/22/2024
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Report: Rush Street Interactive Approaching Potential Buyers, Including DraftKings
- Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options. The company's representatives have approached potential buyers, Bloomberg reported Thursday (March 21), citing unnamed sources.
- 03/21/2024
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Should you Bet on DraftKings this March Madness?
- DraftKings emerges as a compelling investment opportunity amidst the expanding landscape of online sports entertainment and gambling.
- 03/21/2024
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7 Growth Stocks That Could Turn $10,000 into $70,000 by 2028
- If the investment objective is to make millions from the market, it's essential to remain equal weight or overweight on growth stocks. A good selection of blue-chip stocks can offer returns that consistently beats the index.
- 03/21/2024
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DKNG Stock Today: How To Use Options To Get DraftKings At A Discount And Make Money
- The main risk with the trade is similar to outright stock ownership.
- 03/20/2024
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5 Stocks Making the Most of March Madness
- DraftKings (DKNG), Coca-Cola (KO), NIKE (NKE), Warner Bros. Discovery (WBD) and Capital One (COF) could make the most of the exciting March Madness game.
- 03/20/2024
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Here Are the Companies Raking In Millions During March Madness
- Sports betting has grown rapidly but could still have plenty of long-term potential. Flutter Entertainment and DraftKings could be great plays on online betting.
- 03/20/2024
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What's Going On With DraftKings Stock?
- DraftKings has made excellent progress from an unprofitable growth stock to one generating positive free cash flow.
- 03/20/2024
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DraftKings: A March Madness Winner
- DraftKings has been showing great operating leverage in recent quarters. The acquisition of the lottery app Jackpocket looks like it could be a winner. DKNG should have a strong Q1 from Super Bowl and March Madness betting.
- 03/20/2024
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DraftKings leadership shakeup ‘appropriate' amid Jackpocket acquisition: analysts
- Draftkings Inc (NASDAQ:DKNG) has announced several changes to its senior leadership team which have been viewed as positive by analysts at Jefferies. The fantasy sports contest and sports betting company has appointed its current chief financial officer Jason Park as chief transformation officer, effective May 1, 2024.
- 03/19/2024
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1 Remarkable Cathie Wood Growth Stock Down 41% You'll Regret Not Buying on the Dip
- This company achieved the best market share in a growing industry.
- 03/19/2024
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DraftKings: More Fuel For The Rally
- DraftKings has raised its outlook for FY24, citing strong customer acquisition results and higher hold percentages. The company's acquisition of Jackpocket expands its total addressable market into the $100+ billion U.S. lottery industry. DraftKings' customer acquisition costs are decreasing over time, and it has a wide range of sports and gaming offerings to appeal to a broad audience.
- 03/18/2024
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Why DraftKings (DKNG) Dipped More Than Broader Market Today
- The latest trading day saw DraftKings (DKNG) settling at $41.78, representing a -0.78% change from its previous close.
- 03/15/2024
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DraftKings (DKNG) Unveils Tool to Promote Responsible Gaming
- DraftKings (DKNG) introduces My Stat Sheet, a fresh tool aimed at encouraging responsible gaming practices.
- 03/15/2024
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Why DraftKings (DKNG) Dipped More Than Broader Market Today
- In the closing of the recent trading day, DraftKings (DKNG) stood at $42.11, denoting a -0.31% change from the preceding trading day.
- 03/14/2024
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Is Trending Stock DraftKings Inc. (DKNG) a Buy Now?
- Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
- 03/14/2024
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3 Growth Stocks That Could Benefit Most From a Fed Pivot
- Rapid profit, revenue or cash flow growth exceeding industry averages generally characterizes growth stocks. These growth rates attract investors seeking substantial price appreciation.
- 03/13/2024
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Best Growth Stock: Chewy Stock vs. DraftKings Stock
- Growth stock investors have two excellent choices: Chewy and DraftKings.
- 03/11/2024
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3 Stocks That Could Turn $1,000 Into $5,000 by 2030
- Coffeehouse chain Dutch Bros is properly equipped to compete with Starbucks. The online sports betting market isn't nearly as well developed as you might think, which bodes well for DraftKings.
- 03/11/2024
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DraftKings (DKNG) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- DraftKings (DKNG) concluded the recent trading session at $41.74, signifying a -1.97% move from its prior day's close.
- 03/08/2024
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DraftKings (DKNG) to Launch Mobile Betting in North Carolina
- DraftKings (DKNG) plans to introduce its mobile sports betting in North Carolina from Mar 11.
- 03/08/2024
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DraftKings Stock Has 17% Upside, According to 1 Wall Street Analyst
- The next-generation betting company earned a recommendation upgrade from Barclays. Barclays analysts upped their price target on the shares.
- 03/08/2024
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A Bull Market Is Here. 3 Reasons to Buy DraftKings Like There's No Tomorrow
- DraftKings currently only operates in around half of the U.S. states. A strong fourth quarter caused DraftKings to raise its 2024 revenue guidance.
- 03/07/2024
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3 Growth Stocks With 10-Bagger Potential by 2030
- With so many investment ideas floating around, it's a big challenge to buy and hold for the long term. There is always a temptation for a switchover.
- 03/05/2024
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3 Promising Stocks to Buy With 50% Upside Potential
- For big gains, it's often beneficial to own growth stocks. These are securities of companies that are typically younger and less established than so-called “value stocks” but are expanding rapidly to take market share in their respective sector.
- 03/02/2024
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3 Incredible Growth Stocks to Buy Now and Hold Forever
- DraftKings is riding a wave of state approvals for sports betting. Global-e continues to add high-level clients to its platform.
- 03/02/2024
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7 Hypergrowth Stocks With Double-Your-Money Potential
- Many investors are looking for companies that can deliver outsized returns. That's why hypergrowth stocks remain attractive, especially ones with the potential to double your investment.
- 03/01/2024
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Is Most-Watched Stock DraftKings Inc. (DKNG) Worth Betting on Now?
- Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 02/29/2024
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Cathie Wood's Wild Cards: 3 Picks with Uncertain End-of-Year Outcomes
- Google the words “Cathie Wood stocks,” and you'll get nearly 40,000 results. The head of Ark Investment Management is one of the most talked about portfolio managers on Wall Street.
- 02/28/2024
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Cash Flow, Profitability And Weirdly Undervalued Russell 2000
- Austin Hankwitz is focused on profitability and cash flow in the markets in 2024. The Russell 2000 is undervalued.
- 02/25/2024
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DraftKings Stock Has 35% Upside, According to 1 Wall Street Analyst
- Analysts at Truist see further upside after DraftKings' latest earnings report. DraftKings posted better-than-expected financial results despite an unfavorable stretch of betting outcomes in November.
- 02/23/2024
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Why DraftKings Stock Could Be a Bullish Play
- Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKNG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
- 02/23/2024
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Buy DraftKings Stock, New Bull Says. The U.S. Digital Gaming Market Isn't Done Growing.
- Barclays upgraded the online sports betting company to Overweight from Equal Weight.
- 02/23/2024
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Analyst: DraftKings' Leadership Position is Secure
- DraftKings Inc (NASDAQ:DKNG) stock is pointed 3% higher in premarket trading this morning after Barclays upgraded the sports betting stock to "overweight" from "equal weight" and hiked its price target to $50 from $41.
- 02/23/2024
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DraftKings benefits from a ‘gift that keeps on giving.' Its stock has a new fan.
- A roughly 10% pullback in DraftKings Inc.'s stock following last week's earnings report makes for an “attractive” entry point, according to one analyst.
- 02/23/2024
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If You Can Predict Cash Flow You Can Predict Stock Price - Austin Hankwitz
- If You Can Predict Cash Flow You Can Predict Stock Price - Austin Hankwitz
- 02/22/2024
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Are Sports Betting Stocks Played Out?
- Subscribers to Chart of the Week received this commentary on Sunday, February 18.
- 02/20/2024
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Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York
- The New York Gaming Commission just released numbers showing how New York-based sportsbooks performed during the recent Super Bowl, and the most surprising revelation is how much better one of the biggest sportsbooks did than one of its rivals.
- 02/20/2024
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2 laggard sports betting stocks that gained from the Super Bowl
- Super Bowl 58 was the most watched Super Bowl and telecast in history. It had an average of 123.4 million viewers across all platforms, which included Paramount Global NASDAQ: PARA owned CBS Television Network, CBS Sports, Paramount+, Nickelodeon, Univision, and NFL+.
- 02/19/2024
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Why DraftKings bulls are cheering, even after a rare earnings miss
- DraftKings shares were shrugging off the company's latest earnings report, but bulls found plenty of reasons to cheer.
- 02/16/2024
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DraftKings Profit Misses, Buys Lottery App for $750 Million
- DraftKings reported fourth-quarter sales and profit that missed analysts' projections and announced it would buy the lottery app Jackpocket for $750 million in cash and stock. DraftKings CEO Jason Robins joins Ed Ludlow and Caroline Hyde on "Bloomberg Technology.
- 02/16/2024
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DOJ Looking Into Sports Streaming Venture & DKNG, DASH, ROKU Earnings
- The Department of Justice is to look into Disney (DIS), Fox (FOXA), and Warner Bros. Discovery (WBD) sports streaming venture.
- 02/16/2024
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DraftKings Inc. (DKNG) Q4 2023 Earnings Call Transcript
- DraftKings Inc. (DKNG) Q4 2023 Earnings Call Transcript
- 02/16/2024
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DraftKings CEO Jason Robins: We are comfortable competing with anybody
- DraftKings CEO Jason Robins joins 'Money Movers' to discuss their Q4 earnings that missed Wall Street's estimates, his take on other competitors in the business, and more.
- 02/16/2024
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FanDuel, DraftKings both see huge Super Bowl betting totals
- Super Bowl LVIII was great for ratings, averaging a record 123.7 million viewers, according to Nielsen. It also appeared to be a notable one for major betting companies.
- 02/16/2024
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DraftKings Looks to Hit Jackpot With Lottery Acquisition, Digital Innovation
- For many sports betting companies, the Super Bowl is, well, their Super Bowl. But daily fantasy sports contest and sports betting company DraftKings is more focused on winning the lottery, announcing Thursday (Feb.
- 02/16/2024
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DraftKings: New highs not a gamble for this market
- A 5% move is substantial for an equity stock and may lead to a deeper correction or even a reversal in the price action. However, as bad as that sounds, the move in DraftKings is a healthy correction within a raging bull market that will lead to higher prices and new highs soon.
- 02/16/2024
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The Cash Machine in Plain Sight in Las Vegas
- Why MGM Resorts is being overlooked by the market.
- 02/16/2024
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Draftkings' losses narrow but miss expectations
- Draftkings Inc (NASDAQ:DKNG) posted narrower full-year losses on Thursday evening, but shares in the sports betting firm were hit as the fourth-quarter figure fell short of analysts' expectations. Per share losses for the year came in at US$1.73, compared to US$3.16 in 2022, Draftkings reported on Thursday.
- 02/16/2024
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S&P Sets New High Ahead of Q4 from COIN, DASH, AMAT & More
- All major indices have now swung back into positive territory in the past week of trading.
- 02/15/2024
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DraftKings (DKNG) Reports Q4 Loss, Tops Revenue Estimates
- DraftKings (DKNG) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.06. This compares to loss of $0.53 per share a year ago.
- 02/15/2024
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DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
- DraftKings missed Wall Street's expectations on Thursday after the bell but increased its year-over-year revenue by 44%.
- 02/15/2024
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7 Undervalued Growth Stocks to Buy for 10x Returns by 2030
- Patience can make you more money than any other factor in the market. Of course, the idea is to stay invested in the right stocks.
- 02/15/2024
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DraftKings' stock goes south after sports-betting company swings to surprise loss
- DraftKings Inc. shares dropped more than 2% in the extended session Thursday after the sports-betting platform surprised Wall Street with a quarterly loss and revenue that was merely in line with expectations.
- 02/15/2024
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DraftKings Earnings Arrive After Markets Close. Here's What to Watch.
- Analysts are expecting online sports-betting firm DraftKings to post fourth-quarter earnings per share of 8 cents.
- 02/15/2024
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DraftKings (DKNG) to Report Q4 Earnings: What's in Store?
- DraftKings' (DKNG) fourth-quarter 2023 performance is likely to have benefited from steady demand for mobile sports betting and increased customer acquisition, engagement and retention.
- 02/13/2024
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DKNG, MGM, CZR: Outlook For Online Gaming Stocks
- Jordan Bender and Zach Warring discuss the sports betting surge. They talk about the outlook for online gaming stocks, highlighting DraftKings (DKNG), MGM (MGM), and Caesars Entertainment (CZR).
- 02/12/2024
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DKNG Stock Alert: DraftKings Strikes Deal With Barstool Sports
- On paper, online sportsbook DraftKings (NASDAQ: DKNG ) secured a meaningful long-term catalyst. Late Sunday, following the end of the Super Bowl, Barstool Sports founder Dave Portnoy confirmed that the sports-oriented blog signed a multi-year deal with DraftKings.
- 02/12/2024
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DraftKings (DKNG): How Important Is Big-Game Betting?
- DraftKings (DKNG) reports earnings on Thursday, postmarket. It's 4Q adjusted EPS is estimated at $0.06 and revenue is estimated at $1.22B.
- 02/12/2024
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Cramer's Mad Dash: DraftKings
- CNBC's Jim Cramer delivers his daily Mad Dash.
- 02/12/2024
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Coinbase, DraftKings, Deere, Coca-Cola, and More to Watch This Week
- This week will also include results from AIG, Marriott, Kraft Heinz, and many more companies. We'll also see the latest consumer price index, producer price index, and data on housing and consumer activity.
- 02/11/2024
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3 Online Gambling Stocks to Bet On for a Super Bowl Boost
- As more U.S. states welcome online gaming, big-name casinos and fresh online betting startups jump on board. On the other hand, Macau is still the land of gambling in Asia.
- 02/10/2024
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DraftKings and FanDuel are set to be the big Super Bowl winners amid record betting activity fueled by Taylor Swift
- DraftKings and FanDuel will be the top beneficiaries from record Super Bowl betting, Bank of America wrote on Friday. Equity strategist Shaun Kelley expects Taylor Swift's presence to boost bets.
- 02/10/2024
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MGM, DKNG, PARA: Outlooks For Sports Betting & Media
- BetMGM (MGM) is to become X's exclusive sports betting partner. Jenny Horne and Kevin Hincks discuss sports betting as DraftKings (DKNG) hits a new 2-year high today.
- 02/09/2024
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BUD & DKNG Consumer Happiness: DKNG Hits High
- Anheuser-Busch InBev (BUD) earnings report February 29th. LikeFolio's Megan Brantley discusses consumer sentiment around BUD and DraftKings (DKNG).
- 02/09/2024
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DraftKings (DKNG) Hits New High
- DraftKings (DKNG) shares touch a 52-week high. Chad Beynon discusses sports ad gaming stocks.
- 02/09/2024
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DraftKings CEO: The Super Bowl is our biggest betting event of the year
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 02/08/2024
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DraftKings (DKNG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/08/2024
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Goodbye Bears! 7 Winning Stocks to Buy for a Booming Economy.
- If you go to certain corners of YouTube, targeting winning stocks for a booming economy is simply out of the question. The sky is falling, martial law will be declared and it's time to buy gold, guns and patriot seeds.
- 02/06/2024
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DraftKings (DKNG) Stock Declines While Market Improves: Some Information for Investors
- DraftKings (DKNG) closed at $41.74 in the latest trading session, marking a -0.5% move from the prior day.
- 02/06/2024
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DraftKings (DKNG) Advances While Market Declines: Some Information for Investors
- DraftKings (DKNG) reachead $41.95 at the closing of the latest trading day, reflecting a +0.87% change compared to its last close.
- 02/05/2024
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3 High-Octane Growth Stocks Not Slowing Down Any Time Soon
- When finding stocks to own, growth stocks are a top priority. For those looking to invest with a truly long-term investing time horizon, growth stocks tend to outperform.
- 02/05/2024
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Game On: 3 Sports Betting Stocks Worthy of a Wager
- People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors.
- 02/05/2024
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2 Super Stocks to Buy Now That Could Help Set You Up for Life
- These high-powered growth stocks could turbocharge your investment returns.
- 02/05/2024
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3 Reasons to Buy DraftKings Stock Like There's No Tomorrow
- The U.S. online sports-betting market has yet to reach its full potential. Sustained net profits are in sight for this sports betting company.
- 02/03/2024
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DraftKings: A Strong Buy On Sticky Monetization Trends
- DraftKings has grown from a fledgling gambling outfit into a betting juggernaut over the last few years, gaining share and reaching an inflection point in profitability. With an undemanding 5x sales multiple, there's room for expansion and appreciation through multiple routes. We see a 25%+ annualized upside through 2026 as a strong possibility, as marketing spend continues to slow and the company keeps rapidly growing users & RPU.
- 01/31/2024
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Top Super Bowl stocks to buy: DKNG, GENI, FLUT
- The Super Bowl, the biggest sporting event in the US, is nearing, leading to a frenzy among fans and investors. The event, which will take place in Las Vegas, is expected to be one of the biggest ones in terms of attendance and viewership.
- 01/30/2024
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DraftKings early investor on Flutter's listing
- Rick Heitzmann, Cofounder FirstMark, joins the 'Fast Money' traders to discuss Flutter's IPO and his IPO market outlook.
- 01/29/2024
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Final Trades: QQQ & DKNG
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 01/29/2024
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DKNG Stock Alert: What Flutter Entertainments' NYSE Listing Means for DraftKings
- On paper, DraftKings (NASDAQ: DKNG ) shareholders should feel pressure from a new competitor in the publicly traded sports betting scene. Earlier on Monday, Flutter Entertainment (NYSE: FLUT ) made its U.S. trading debut on the New York Stock Exchange (NYSE) under the ticker symbol FLUT.
- 01/29/2024
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What's next for DraftKings as Flutter lists on the NYSE?
- DraftKings Inc (NASDAQ: DKNG) is in focus on Monday after rival Flutter Entertainment debuted on the New York Stock Exchange. Why is Flutter news significant for DraftKings?
- 01/29/2024
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FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play
- FanDuel-parent company Flutter lists on the New York Stock Exchange, giving U.S. investors more choice in sports betting.
- 01/29/2024
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Flutter Is Coming to the NYSE. What It Means for DraftKings.
- Flutter will complete a dual listing on the New York Stock Exchange on Monday.
- 01/26/2024
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3 Strong Buy Stocks Wall Street Can't Stop Raving About
- As 2024 kicked off with a sharp correction, certain stocks still shine brightly, earning the coveted label of strong buy stocks. Though divided on the market's overall trajectory, the stock market punditry agrees on the bullish potential of the stocks discussed in this article.
- 01/26/2024
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DraftKings to Release Fourth Quarter and Full Year 2023 Results on February 15, 2024 and Host Conference Call on February 16, 2024
- BOSTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2023 results after the close of market trading on Thursday, February 15, 2024.
- 01/26/2024
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DraftKings (DKNG) Rises Higher Than Market: Key Facts
- DraftKings (DKNG) reachead $38.69 at the closing of the latest trading day, reflecting a +0.6% change compared to its last close.
- 01/25/2024
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DraftKings outperforms S&P 500 YTD, analyst says there is more room to run
- Sportico is reporting that Barstool Sports and DraftKings (DKNG) are in talks about a potential sports betting marketing deal. Oppenheimer Managing Director Jed Kelly tells Yahoo Finance the potential deal "makes a lot of sense.
- 01/25/2024
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3 Stocks to Bet On for the Growth in Gambling Markets
- Both brick-and-mortar and online gambling markets are indeed expanding. On the brick-and-mortar side, Japan and New York are adding new casinos, while Texas appears to be moving in that direction.
- 01/25/2024
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DKNG Stock Alert: DraftKings Nears Deal With Barstool Sports
- DraftKings (NASDAQ: DKNG ) stock is looking to close in the green Wednesday as the sportsbook company inches closer to a deal with Barstool Sports. Indeed, it appears the media company is in advanced talks on a broad sports betting contract with DraftKings, per several anonymous sources.
- 01/24/2024
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DraftKings Breaks Out Into Buy Zone On Barstool Sports Deal Talks
- DraftKings reportedly is near an online betting deal with Barstool Sports.
- 01/24/2024
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5 Surging Growth Stocks to Buy for 2024
- Last week, I wrote how 2024 would be all about earnings. Corporate fortunes are diverging, interest rates are stabilizing, and 2024 is shaping up to be a year when company performance matters more than big-picture macroeconomic stories.
- 01/23/2024
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Is It Too Late to Buy DraftKings Stock?
- Two analysts upgraded DraftKings last week, but a third analyst took a bearish turn. Analysts see revenue growth slowing sharply in 2024, but that is also how 2023 started.
- 01/23/2024
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The Odds Are Looking Good for This Cathie Wood Favorite Stock in 2024
- Online sports betting has become increasingly popular over the last few years. DraftKings recently eclipsed FanDuel as the top sports betting app in the U.S. The stock carries a premium valuation given its encouraging financial profile and lead over the competition.
- 01/23/2024
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American Sentiment on Economy Tops in 30 Months: 5 Picks
- We have narrowed our search to five large-cap (market capital > $10 billion) consumer-centric stocks that have strong potential for 2024. These are: NFLX, RCL, CCL, DKNG, SNA.
- 01/22/2024
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Why DraftKings Stock Popped 12% This Week
- Following DraftKings' recent launch in Vermont, analysts at both Stifel and UBS issued bullish notes to clients on the company this week. Both firms argued that DraftKings should fare well despite increasing competition.
- 01/19/2024
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Weekend Watchlist: 7 Stocks to Track Before Monday's Opening Bell
- The list of stocks to watch for Monday is long. As the saying goes, “There are decades where nothing happens, and there are weeks where decades happen.
- 01/19/2024
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It's Time to Bet on DKNG Stock as Sports Gambling Booms
- The NFL playoffs kick into high gear this weekend, with only eight teams remaining.
- 01/19/2024
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Wall Street Has Different Opinions on DraftKings Stock. Here Are the Arguments.
- BNP Paribas downgrades DraftKings shares to Sell while Stifel thinks the sports-betting company is a Buy.
- 01/19/2024
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DraftKings (DKNG) Moves 7.0% Higher: Will This Strength Last?
- DraftKings (DKNG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 01/19/2024
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Jim Cramer looks at the bull case for DraftKings as the NFL playoffs heat up
- 'Mad Money' host Jim Cramer digs into DraftKings as the stock pullback just as the NFL playoffs are heating up.
- 01/16/2024
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This pullback is a great buying opportunity for DraftKings, says Jim Cramer
- 'Mad Money' host Jim Cramer digs into DraftKings as the stock pullback just as the NFL playoffs are heating up.
- 01/16/2024
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Fast-Track to Fortune: 3 Stocks to Buy to Get Rich Fast
- Many stocks had incredible runs in 2023, and not just the so called “Magnificent 7” mega-cap technology concerns. While underreported, many stocks beat the performance of the Magnificent 7 last year.
- 01/16/2024
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2 Top Stocks to Buy in 2024 That Could Make You a Fortune
- Archer Aviation's flying taxis are set to usher in a trillion-dollar high-speed urban travel market. DraftKings looks like it could be your best bet to cash in on the booming sports betting industry.
- 01/15/2024
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The 7 Best Meme Stocks to Buy in January 2024
- Some of the best meme stocks came into the limelight during the euphoric market rally in 2021. These stocks have gained significant attention on social media, which can potentially impact prices.
- 01/12/2024
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Why DraftKings (DKNG) Dipped More Than Broader Market Today
- In the latest trading session, DraftKings (DKNG) closed at $33.43, marking a -0.42% move from the previous day.
- 01/11/2024
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10 Top Strong Buy Stocks That Can Soar 20% or More From Here
- As the stock market enters a new year, some investors are still nervous. For many sectors, 2023 brought significant turbulence as companies battled shifting macroeconomic tides and rising uncertainty that hasn't completely subsided yet.
- 01/11/2024
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DraftKings, FanDuel launch mobile sports betting in Vermont as industry keeps booming
- Vermont launched online sports betting Thursday, becoming the latest state to jump into the booming industry.
- 01/11/2024
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7 Stocks Primed to Explode Your Net Worth by 2030
- There are ample evidences that suggest that the “buy and hold” strategy is possibly the best way to make millions from the market. While many investors can screen good ideas, there is lack of patience when it comes to holding stocks.
- 01/11/2024
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DraftKings (DKNG) Launches Online Sportsbook in Vermont
- DraftKings (DKNG) is set to elevate the sports betting experience in Vermont with the launch of its renowned online sportsbook.
- 01/11/2024
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How DraftKings Stock Tripled in 2023
- DraftKings' stock soared by 209.5% in 2023, driven by positive earnings and revenue surprises. The company's financial success was fueled by the growing popularity of sports betting in the U.S. This company's sports betting games are now available in more than 20 states and management expects positive EBITDA earnings this year.
- 01/11/2024
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Why DraftKings Could Rocket Higher in 2024
- States got the power to decide on legalizing sports betting in May 2018. DraftKings could become profitable in 2024.
- 01/09/2024
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Why DraftKings Rocketed 209% in 2023, and What's in Store for 2024
- DraftKings surged 209.5% in 2023. However, the stock still sits more than 50% below all-time highs.
- 01/07/2024
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2024's Market Movers: Top 10 Stocks Set to Dominate the New Year
- A new year brings new questions for investors looking to find the top stocks for 2024. Will the long-forecast recession be confirmed?
- 01/06/2024
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DraftKings (DKNG) Rises Higher Than Market: Key Facts
- In the latest trading session, DraftKings (DKNG) closed at $33.18, marking a +0.91% move from the previous day.
- 01/05/2024
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Got $3,000? 2 Growth Stocks to Double Up on Right Now.
- DraftKings revenue grew 57% year over year in its latest quarter. The global sports betting market is expected to grow to $231 billion by 2032.
- 01/05/2024
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Where Will DraftKings Stock Be in 3 Years?
- DraftKings has taken investors on a roller-coaster ride since it became publicly traded in 2020. This was amplified by the pandemic, which briefly worked in the stock's favor (albeit a little too well).
- 01/05/2024
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Showcasing Seeking Alpha's December 2023 New Analysts
- Seeking Alpha welcomes 25 new analysts who have published their first articles in December 2023. The new analysts cover a wide range of areas of interest, including long/short equity, growth, tech, value, and more. We've compiled all of their firsts here for your review and to showcase the new perspectives being offered on the platform. We've added a summary table this time as well.
- 01/04/2024
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The 7 Best Meme Stocks to Buy Now
- Meme stocks are a part of the new investment world and are always an interesting topic to revisit. The social media world has given a much greater voice and larger platform to the average investor, who doesn't have as many resources as a hedge fund for example.
- 01/03/2024
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3 Stocks That Will Surge Higher on Margin Expansion and Cash Flow Upside
- There can be various stories that support a bullish thesis for a stock. However, it ultimately boils down to the cash flow–generation capability of a business.
- 01/03/2024
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AI and Automation Leaders for 2024: 7 Stocks to Stay Ahead of the Robot Uprising
- It's time for investors to ditch the search for the mythical crystal ball and instead embrace the algorithms when deciphering the best AI stock for your needs. As hyperbolic as it may sound, the future is here, with progress in artificial intelligence occurring at a rapid clip.
- 12/30/2023
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Here's My Top Growth Stock to Buy in 2024
- DraftKings is up 215% this year, making it one of the rare SPAC success stories. Growth has topped 73% in each of the last few years.
- 12/29/2023
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DraftKings (DKNG) Beats Stock Market Upswing: What Investors Need to Know
- In the closing of the recent trading day, DraftKings (DKNG) stood at $35.87, denoting a +0.22% change from the preceding trading day.
- 12/28/2023
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Growth Galore: 7 Long-Term Stock Picks for Prolonged Prosperity
- In the late 1950s, the average holding period for stocks was eight years. The average holding period had declined to 5.5 months as of June 2020.
- 12/28/2023
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Several Support Levels in Place for DraftKings Stock
- Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKNG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
- 12/28/2023
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DraftKings Stock: Sports Betting Giant Tests Key Level After 53% Rally
- DraftKings stock is testing a support level and is in buy range after a strong breakout in November.
- 12/26/2023
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DraftKings (DKNG) Rises Higher Than Market: Key Facts
- DraftKings (DKNG) concluded the recent trading session at $35.72, signifying a +1.74% move from its prior day's close.
- 12/22/2023
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Why These 3 Cathie Wood Stocks Should Be on Your Radar in 2024
- Cathie Wood's flagship ARK Innovation ETF (NYSEARCA: ARKK ) is up more than 67%, with only a few days left in 2023. It's the first year of positive returns since 2020.
- 12/21/2023
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Up 218% in 2023, Is DraftKings Stock a Buy for 2024?
- DraftKings is expanding to more states and that's good news for shareholders.
- 12/20/2023
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Hidden Value: 3 Growth Stocks Set to Outshine in 2024
- From monetary policy tightening in 2022 and 2023, the world is moving towards expansionary monetary policies next year. The Bank of America (NYSE: BAC ) expects that central banks globally will cut rates 152 times in 2024.
- 12/18/2023
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Up 200% in 2023, Could DraftKings Stock Double in 2024?
- Despite being up 200% in 2023, there still is plenty of upside ahead.
- 12/18/2023
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The 3 Best Performing Stocks of 2023
- After a tough year in the equities space in 2022, the market rebounded quite robustly, warranting a discussion of the best performing stocks of 2023. However, it's no good to just consider empty statistics.
- 12/17/2023
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3 Stocks to Buy That Are Up 200% or More in 2023
- If you're looking for stocks to buy that are up 200% or more in 2023, the S&P 500 won't cut it. Only one name is up that much.
- 12/17/2023
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3 Reasons to Buy DraftKings Stock, and 1 Reason to Sell
- DraftKings has just begun to capitalize on a vast addressable market. The stock combines massive revenue growth with a low valuation.
- 12/15/2023
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Is DraftKings Stock a Buy?
- Online gambling is growing like crazy, but will it ever be profitable?
- 12/15/2023
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4 Charts That Show Why DraftKings Stock Can Still Soar Higher
- DraftKings expects results to improve significantly in the years ahead. The burgeoning site is seeing a growing number of customers.
- 12/14/2023
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3 Hot Stocks That Can Double Again in 2024
- DraftKings, CrowdStrike, and Royal Caribbean have all more than doubled in 2023, and momentum is strong heading into the new year. DraftKings keeps winning on the top line with its bottom line turning the corner.
- 12/13/2023
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The 3 Best Cathie Wood Stocks to Buy in December
- Cathie Wood stocks have been on a big roll lately, as Ark Innovation ETF (NYSEARCA: ARKK ) soared 31% in November, with Coinbase (NASDAQ: COIN ), Roku (NASDAQ: ROKU ), Shopify (NYSE: SHOP ) and CRISPR (NASDAQ: CRSP ) among the winning names that pushed Wood's Innovation fund far into the black. So maybe ARKK, which is now up 50% in 2023, is finally mounting a big comeback after losing 67% in 2022 and 23% in 2021.
- 12/10/2023
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DraftKings Stock Rocketed 215% Higher This Year. Will the Party Continue in 2024?
- DraftKings is the leader in sports gambling and gaining market share. The company is growing quickly but not generating a profit.
- 12/10/2023
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Class-Action Lawsuit Targets DraftKings Promotional Offer
- Sports betting operator DraftKings is reportedly facing a class-action lawsuit filed in the Massachusetts Superior Court. The lawsuit alleges that the company designed an “unfair and deceptive” promotional offer with the intention of misleading new customers, the Financial Times (FT) reported Friday (Dec. 8).
- 12/08/2023
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DraftKings (DKNG) Debuts Pick6, A Peer-To-Peer Fantasy Game
- DraftKings (DKNG) introduces "Pick6," a fantasy sports variant that operates on a peer-to-peer model.
- 12/07/2023
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4 Things Investors Need to Know Before Betting Big Amid Sportsbook Rivalry
- Penn Entertainment's ESPN Bet presents a transformative opportunity in the sports betting market. DraftKings has demonstrated resilience and strong growth in a competitive landscape.
- 12/07/2023
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DraftKings: Nearing An Inflection Point (Rating Upgrade)
- DraftKings is experiencing strong revenue momentum in online sports betting and is growing its market share in its core market. The betting platform is seeing sustained user growth. Losses are narrowing, customer acquisition costs are falling. DraftKings is nearing a crucial inflection point in FY 2024 as it projects to post positive adjusted EBITDA for the first time.
- 12/07/2023
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3 Gambling Stocks to Benefit From Holiday Season Splurges
- November through January are broadly considered to be peak holiday season. These three months are characterized by increased retail spending, travel and tourism, and splurges on luxuries.
- 12/04/2023
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DraftKings Inc. (DKNG) Presents at 3rd Annual Craig-Hallum Online Gaming Conference (Transcript)
- DraftKings Inc. (NASDAQ:DKNG ) 3rd Annual Craig-Hallum Online Gaming Conference December 4, 2023 9:00 AM ET Company Participants Jason Robins - Co-Founder, Chairman & CEO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Ryan Sigdahl Good morning, everyone. My name is Ryan Sigdahl, senior analyst at Craig-Hallum, covering online gambling.
- 12/04/2023
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2 Stocks With Jaw-Dropping Growth Potential to Buy Now
- With the sports betting market exploding, DraftKings and its shareholders are raking it in. Forget about Tesla -- a promising young automaker could be a better play on the booming EV market.
- 12/04/2023
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Great News for DraftKings Stock Investors
- DraftKings is taking the lead in the fast-growing mobile gaming industry.
- 12/02/2023
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7 Stocks You'll Be Thankful You Bought in November 2023
- It's painful to look back at missed opportunities in the stock market. Of course, it's impossible to buy all stocks that are attractive.
- 12/01/2023
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DraftKings insiders are dumping the stock but it's not a big deal
- DraftKings (NASDAQ: DKNG) stock price has done well in the past few months. The shares jumped to a high of $38.75, the highest point since November 21st.
- 11/28/2023
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Game On: The 3 Best Casino Stocks for the Sports Betting Era
- Casino stocks are generally having a decent year in 2023. Two of the largest pure-play exchange traded funds (ETFs) are the VanEck Gaming ETF (NASDAQ: BJK ) and the Roundhill Sports Betting & iGaming ETF (NYSEARCA: BETZ ).
- 11/27/2023
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3 Stocks That Topped Q3 Earnings and Still Have Room to Run
- As we close the third quarter earnings season, it's time to reflect on the performance. Overall, it was a good quarter, with many companies exceeding earning expectations.
- 11/27/2023
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7 Stocks Set to Capitalize on the Coming Year-End Rally
- The story of the stock market in 2023 has largely been about optimism around AI tinged by the continued threat of recession. Generative AI has propelled tech shares much higher.
- 11/24/2023
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Cathie Wood Sold More DraftKings Stock. Wall Street Is Still Bullish.
- DraftKings stock has been a good bet all year but Cathie Wood seems to think the odds of the rally continuing don't look great.
- 11/24/2023
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Maximize Your Holiday Earnings With These 3 Stocks
- In addition to stuffing a stocking this holiday season, why not give your portfolio a boost with the addition of some high-flying stocks. As the market continues to be in a jolly mood this November, and with a Santa Claus rally starting to form as we approach year's end, now is a great time to review your portfolio and decide what stocks to buy as we head into 2024.
- 11/22/2023
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Avoid the Drop: 7 Stocks to Unload Before They Slump
- With inflation showing signs of cooling, and hope the Federal Reserve may be wrapping up its rate-hiking campaign, markets have been moving aggressively higher. While that's been great news for most stocks, there are still a few top stocks to sell immediately.
- 11/21/2023
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Scoring Big: 3 Football Stocks to Keep an Eye On This Thanksgiving
- It's almost turkey time, but Thanksgiving means more than stuffing yourself and enjoying leftovers for a week. But it's also time for football.
- 11/21/2023
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3 Red-Hot Cathie Wood Stocks That Have Doubled This Year
- DraftKings has been growing fast this year, with revenue expected to rise by 68%. Coinbase's operating losses shrank, and the excitement around crypto in 2023 helped this volatile stock.
- 11/21/2023
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4 Reasons Why Consumer Discretionary Stocks Are a Buy Now
- Cooling inflation, a less-hawkish Fed, upbeat holiday sales and decent earnings may boost consumer discretionary stocks like AMC Entertainment (AMC), Royal Caribbean Cruises (RCL), DraftKings (DKNG), fuboTV (FUBO) and The Honest Company (HNST).
- 11/21/2023
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The Growth Rocket: 3 Stocks Set to Dominate the Market Next Year
- The beginning of the year is the best time to accumulate quality growth stocks which can do wonders for a portfolio. However, the markets continue to provide attractive opportunities.
- 11/20/2023
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Gaming Stocks Return to Favor as DraftKings Soars to 52-Week High
- This latest breadth thrust has prompted buying pressure in the more speculative pockets of the market.
- 11/20/2023
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DraftKings: ESPN BET Not As Much Of A Threat Right Now
- ESPN BET, a collaboration between PENN Entertainment and ESPN/Disney, enters the sports betting market as a competitor to DraftKings. DraftKings posts strong Q3 results, becoming the top player in gross revenue for online sports betting and iGaming in the US. DraftKings has a strong customer experience and established brand, with opportunities for growth in the US and international markets.
- 11/18/2023
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Where Will DraftKings Stock Be in 5 Years?
- There's much more legalization of sports betting in the cards, with two key U.S. markets yet to permit it. Online sports betting will drive the crux of the United States' sports wagering business growth.
- 11/17/2023
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3 Industry Titans Benefitting from Mega Trends
- What do stretchy pants, fat-loss drugs, and sports betting have in common? Each of these is powering some of the strongest mega-trends on Wall Street.
- 11/16/2023
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'Fraud is fun' Draft Kings hacker pleads guilty in fantasy sports betting case
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5 Solid Stocks to Buy as Inflation Continues to Decline
- Inflation is declining steadily and with the holiday season around the corner stocks like DraftKings (DKNG), Electronic Arts (EA), Hilton Worldwide Holdings (HLT), Royal Caribbean Cruises (RCL) and Skechers U.S.A. (SKX) are likely to benefit.
- 11/15/2023
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Even at a 2-year high, DraftKings is a winning bet
- Despite trading at its highest level since November 2021, the digital sports entertainment leader has major league momentum on its side. Thanks to much improved financial results, its shares have tripled year-to-date.
- 11/15/2023
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DraftKings Expects Online Gaming to Reach $30 Billion by 2028
- Online sports betting and iGaming in the United States will be a $30 billion total addressable market (TAM) in 2028, up from $20 billion this year, according to DraftKings.
- 11/14/2023
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3 Stocks to Buy for a Big Rally Backed by Improving Fundamentals
- It's common to find healthy business model companies that are addressing large markets but also struggling with cash burn. Keeping a close watch on these firms is prudent, looking for fundamental improvements in cost cutting, changes in product-mix, and operating leverage.
- 11/13/2023
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How a bettor just turned $500,000 into $6 million — one of the biggest parlay payouts ever
- A Florida bettor had $6 million on the line when Houston Texans kicker Matt Ammendola lined up for a 38-yard field goal in the fourth quarter on Sunday in an attempt to win the game against the Cincinnati Bengals.
- 11/13/2023
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7 Growth Stocks That Are at Risk of Slowing Down Soon
- Growth stocks have been fairly resilient, considering challenges such as high interest rates and the prospect of a recession within the next twelve months. This resilience notwithstanding, however, make no mistake.
- 11/13/2023
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FanDuel Parent Flutter Applies to Trade on the NYSE. Look Out DraftKings.
- Dublin-based Flutter has applied for its shares to list on the NYSE in its first quarter of fiscal 2024.
- 11/10/2023
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All You Need to Know About DraftKings (DKNG) Rating Upgrade to Buy
- DraftKings (DKNG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 11/09/2023
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Is DraftKings (DKNG) Stock Outpacing Its Consumer Discretionary Peers This Year?
- Here is how DraftKings (DKNG) and Electronic Arts (EA) have performed compared to their sector so far this year.
- 11/09/2023
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DraftKings considered bid for William Hill owner, FT reports
- DraftKings considered bidding for the owner of William Hill and Mr Green owner, 888 Holdings PLC, earlier this year, according to reports. The Financial Times said the US betting group discussed a bid for 888 over the summer with some of the struggling UK betting operator's top shareholders, citing two people briefed on the talks.
- 11/09/2023
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Near 52-Week High, Can DraftKings Stock Go Higher?
- DraftKings continues to impress investors with solid growth and improvement in customer metrics.
- 11/08/2023
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Betting Stock for Bull Traders
- Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKNG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
- 11/08/2023
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High Risk Alert: 7 Vulnerable Stocks to Dump Now
- Investors face a complicated picture heading into the holiday season. War, inflation, high interest rates, and a potential recession are among the risk factors on the horizon.
- 11/07/2023
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These 3 Stocks Popped Following Quarterly Results
- Given the positivity surrounding their results, their post-earnings momentum could easily continue.
- 11/06/2023
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DraftKings receives significant vote of confidence from leading investment bank
- Jefferies has upgraded its price target for Draftkings Inc (NASDAQ:DKNG) by $4 a share to $46.00, a 36% premium to the current share price. This bullish stance comes in the wake of DraftKings' impressive third-quarter financial results, which saw the company's revenue surge to $789.9 million, marking a 57.4% year-over-year growth.
- 11/06/2023
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Cramer's Mad Dash: DraftKings
- CNBC's Jim Cramer delivers his daily Mad Dash.
- 11/06/2023
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Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
- The proliferation of online sports betting and casino gaming across the U.S. has led to record revenue for sportsbook companies such as DraftKings and Fan Duel.
- 11/03/2023
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DraftKings could parlay momentum into even bigger stock gains, analysts say
- Those who bet on DraftKings Inc.'s stock have won big this year, and analysts see more big gains ahead.
- 11/03/2023
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DraftKings CEO Is Ready for More Competition
- DraftKings CEO Jason Robins says the overall sports betting market is growing very fast which is good for the consumer. The company boosted its revenue forecast for the full year, which is above estimates.
- 11/03/2023
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DraftKings Inc. (DKNG) Q3 2023 Earnings Call Transcript
- DraftKings Inc. (NASDAQ:DKNG ) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chairman & CEO Jason Park - CFO Conference Call Participants Shaun Kelley - Bank of America Jeff Greff - JPMorgan Stephen Grambling - Morgan Stanley Carlo Santarelli - Deutsche Bank David Katz - Jefferies Joe Stauff - Susquehanna Daniel Politzer - Wells Fargo Robert Fishman - MoffettNathanson Barry Jonas - Truist Securities Robin Farley - UBS Bernard McTernan - Needham & Company Brandt Montour - Barclays William Lampen - BTIG Michael Graham - Canaccord Jed Kelly - Oppenheimer Ryan Sigdahl - Craig-Hallum Capital Group Jordan Bender - JMP Securities Stephen Glagola - TD Cowen Chad Beynon - Macquarie John DeCree - CBRE Securities Operator Good day, and thank you for standing by. Welcome to the DraftKings Q3 2023 Earnings Call.
- 11/03/2023
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DraftKings Shares Soar After Reporting a Jump in Users and Revenue
- DraftKings (DKNG) shares jumped over 11% in early trading Friday after reporting revenue soared as it posted a big jump in users, and the online betting site raised its guidance.
- 11/03/2023
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DraftKings' Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations
- It's football season, and that is good news for sports betting company DraftKings. The gaming platform's third quarter 2023 earnings results saw a 57% increase in year over year revenue, rising to $790 million.
- 11/03/2023
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DraftKings maintains bullishness after upgraded results as attention shifts to key level
- DraftKings Inc. (NASDAQ:DKNG) rose 6% in premarket on Friday after positive stock market news. The stock was boosted by a reported $790 million or £639.9 million revenue in Q3 2023.
- 11/03/2023
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Flutter boosted by peformance of US rival DraftKings
- UK-based betting operator Flutter Entertainment was up 2.5%, following strong results overnight in the US from rival DraftKings. Shares in the sports and betting company soared after hours in the US after it reported much higher third-quarter revenues than expected and raised its full-year guidance.
- 11/03/2023
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DraftKings Stock Is Climbing. Analysts Like Its Growth Story.
- DraftKings raises its 2023 revenue guidance.
- 11/03/2023
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DraftKings earnings reports better-than-expected Q3 results, raises full year guidance
- DraftKings (DKNG) reported better-than-expected third quarter results. The online sports betting company reported a narrower adjusted loss than expected, $0.35 per share versus a $0.67 estimate.
- 11/02/2023
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DraftKings revenue jumps 57% as sportsbook leader grows customer base
- DraftKings reported 2.3 million monthly unique payers in the third quarter, representing a 40% increase year over year.
- 11/02/2023
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DraftKings shares rise on 3Q revenue beat and improved guidance
- Draftkings Inc (NASDAQ:DKNG) shares soared after Thursday's closing bell as the fantasy sports and betting company reported much higher third quarter revenues than expected and raised its full-year guidance. Its shares gained 6.8% to about US$31 shortly following the release of its financial report.
- 11/02/2023
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3 Top Performing Stocks in the Online Gambling Industry
- The online gambling market is booming. In fact, the market is projected to hit $95 billion in revenue this year.
- 11/02/2023
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DraftKings' stock pops on narrowing loss, raised fiscal year revenue guidance
- Shares of DraftKings Inc. DKNG, +6.43% were up 8% in extended trading Thursday after the sports web site posted quarterly results that topped analyst revenue and earnings estimates, and raised its full year guidance range. DraftKings reported a fiscal third-quarter net loss of $283.1 million, or 61 cents a share, compared with a net loss of $450.5 million, or $1 a share, in the same quarter a year earlier.
- 11/02/2023
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Earnings Exchange: Block, DraftKings & Carvana
- Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss Block, DraftKings, and Carvana.
- 11/02/2023
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7 Dangerous Stocks to Avoid No Matter What
- While the jury's still out whether the economy and the market is headed for a soft or hard landing, as interest rates remain high, that doesn't mean you should forget about which stocks to avoid. Even as it's possible that recent fears of another downturn for stocks may prove to be an overreaction, there are particular equities that still have substantial downside risk.
- 11/01/2023
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Why Investors Need to Take Advantage of These 2 Consumer Discretionary Stocks Now
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 11/01/2023
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DraftKings (DKNG) to Report Q3 Earnings: What's in Store?
- DraftKings' (DKNG) third-quarter 2023 performance is likely to have benefited from the robust demand for mobile sports betting and increased customer acquisition, engagement and retention.
- 10/30/2023
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Analyst Reiterates Bullish Position on Sports Betting Stock
- Shares of sports betting behemoth DraftKings Inc (NYSE:DKNG) are up 1.3% premarket, after TD Cowen reiterated its "outperform" rating, though its bull note included a stark warning.
- 10/30/2023
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DraftKings (DKNG) Ascends While Market Falls: Some Facts to Note
- DraftKings (DKNG) closed the most recent trading day at $26.64, moving +1.6% from the previous trading session.
- 10/27/2023
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These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 10/26/2023
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3 Stocks To Buy for 100% Returns in 2024
- One of the last times I tried recommending stocks to buy for 100% returns was at the beginning of 2022. I selected seven names I believed had the stuff to double for a second consecutive year.
- 10/25/2023
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DraftKings has analysts betting on a 3Q earnings beat and raise
- Draftkings Inc (NASDAQ:DKNG) is facing a high bar when it comes to Wall Street's expectations for its third quarter earnings but analysts at the Bank of America (BoA) think the company can deliver and raise its full-year guidance. The digital sports entertainment and gaming company will report its latest financial results after the market close on Thursday, November 2.
- 10/24/2023
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DraftKings is winning over more ‘whales,' which could help send its stock 24% higher
- DraftKings Inc. shares were powering more than 5% higher in Tuesday trading after an analyst turned bullish on the stock, saying that his conviction in the company's story is now “stronger than ever.”
- 10/24/2023
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DKNG Stock Alert: Moffett Nathanson Is Pounding the Table of DraftKings
- DraftKings (NASDAQ: DKNG ) stock is gaining on Tuesday after the sports betting company's shares got an upgrade from Moffett Nathanson. Moffett Nathanson analyst Robert Fishman upgraded shares of DKNG stock from a “hold” rating to a “buy” rating today.
- 10/24/2023
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DraftKings Stock Tests Key Trendline After Upgrade
- The shares of DraftKings Inc (NYSE:DKNG) are nearly 4% higher before the bell, after MoffettNathanson upgraded the sports betting firm to "buy" from "neutral" to go with a price-target hike to $37 from $31.
- 10/24/2023
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7 Stocks to Sell in October Before They Crash and Burn
- As market volatility appears set to continue in the near, you may wonder which stocks to sell in October. While stocks overall could remain under pressure, as the market digests high interest rates and the looming risk of a recession, there are certain stocks that may be at risk of experiencing even choppier conditions ahead.
- 10/24/2023
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DraftKings Plays the Right Cards in Online Gaming Growth
- Online sports betting company DraftKings Inc. NASDAQ: DKNG is forming a bullish base below an early August high of $34.49, as you can see on MarketBeat's DraftKings chart.
- 10/23/2023
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DraftKings: Is The Brand And Customer Loyalty Creating A Moat?
- DraftKings: Is The Brand And Customer Loyalty Creating A Moat?
- 10/19/2023
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7 Stocks to Cash In on This Little-Known $22.5 Trillion Opportunity
- When it comes to big ideas, investing guru Cathie Wood has more than a few. As the manager of the Ark Invest family of exchange traded funds (ETFs), Wood boldly predicts Bitcoin ( BTC-USD ) will be worth $1.5 million by 2030 and Tesla (NASDAQ: TSLA ) stock will have a $2,000 per share price tag by 2027.
- 10/17/2023
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DraftKings (DKNG) Increases Despite Market Slip: Here's What You Need to Know
- In the closing of the recent trading day, DraftKings (DKNG) stood at $30.25, denoting a +1.51% change from the preceding trading day.
- 10/17/2023
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DraftKings to Release Third Quarter 2023 Results on November 2, 2023 and Host Conference Call on November 3, 2023
- BOSTON, Oct. 13, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its third quarter 2023 results after the close of market trading on Thursday, November 2, 2023.
- 10/13/2023
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3 Gaming Stocks to Buy Into the End of This Year
- During the Covid-19 pandemic, there was a surge in online gaming stocks even as casinos took a hit. In a post-pandemic era, there seems to be a fine balance between online and offline gaming.
- 10/11/2023
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DraftKings (DKNG) Stock Dips While Market Gains: Key Facts
- DraftKings (DKNG) closed at $29.58 in the latest trading session, marking a -0.2% move from the prior day.
- 10/09/2023
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DraftKings: Incredible Execution Justifies Rally
- DraftKings' stock price has nearly tripled this year, driven by strong fundamental wins and positive Q2 results. The company still has room to capture a larger market share within the U.S. and offers a variety of sports and formats for betting. Product enhancements are leading to substantially increased handle and revenue growth despite a more careful stance on investing in marketing.
- 10/09/2023
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Q4 Predictions: 3 Cathie Wood Stocks Set to Rocket Higher
- Cathie Wood stocks were doing quite well for a good chunk of the year. Only in mid-September did Wood's year-to-date performance for her flagship ARK Innovation ETF (NYSEARCA: ARKK ) fall below that of the Invesco QQQ Trust (NASDAQ: QQQ ).
- 10/05/2023
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3 Stocks That Could Use a Taylor Swift Boost
- Taylor Swift is a phenomenon that has captured the attention of millions around the world. But importantly, Swift has captured the wallets of these people as well.
- 10/03/2023
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3 No-Brainer Growth Stocks to Buy in October
- October has typically been a solid month for stocks. CRISPR Therapeutics, DraftKings, and Roivant Sciences are three growth stocks that screen as top buys right now.
- 10/01/2023
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Sports Betting: 3 Hottest Profit Plays to Make Now
- Sports betting stocks are definitely stocks to consider, if diversification is important to you. The sports betting industry is often overlooked by investors, despite offering great investment opportunities.
- 09/29/2023
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Don't Miss the Boom: 3 Gaming Stocks Set to Explode Higher
- We are entering week four of the NFL season and online betting just got a little busier with Fanatics and Caesars Entertainment (NASDAQ: CZR ) offering live streaming of NFL games. They are doing so on their betting apps through Betvision, Genius Sports' (NYSE: GENI ) immersive sports wagering experience.
- 09/28/2023
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DraftKings (DKNG) Launches Its Online Sportsbook in Kentucky
- DraftKings (DKNG) plans to introduce its online sportsbook in Kentucky on Sep 28.
- 09/28/2023
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Is DraftKings a Must-Own Growth Stock?
- Growth stocks have faded in the second half of 2023. DraftKings, an online gaming and sports betting play, has still posted stellar returns for shareholders in 2023.
- 09/27/2023
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Dear DraftKings (DKNG) Stock Fans, Mark Your Calendars for Sept. 28
- DraftKings (NASDAQ: DKNG ) stock fans will want to keep an eye on the company on Sept. 28 for a potential catalyst for its shares.
- 09/27/2023
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Three-Stock Lunch: Amazon, DraftKings, and Snap
- Victoria Greene, CIO at G Squared Private Wealth, joins ‘Power Lunch' to discuss her investing take on three stocks: Amazon, DraftKings, and Snap.
- 09/26/2023
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DraftKings shares move higher on analyst upgrade
- Shares of Draftkings Inc (NASDAQ:DKNG) rose after JPMorgan analysts upgraded their rating on the stock from ‘Neutral' to ‘Overweight' and boosted their price target from US$26 to US$37. Shares of the online gambling operator added 2.5% to about US$28 shortly after noon on Tuesday.
- 09/26/2023
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DKNG Stock Alert: JPMorgan Is Pounding the Table on DraftKings
- DraftKings (NASDAQ: DKNG ) stock rose 4% overnight after JPMorgan gave shares an “overweight” rating and told investors to buy a recent dip. Analyst Joseph Greff called gambling an “appealing sector” of the market.
- 09/26/2023
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DraftKings stock upgraded to Overweight by JPMorgan
- JPMorgan analysts have upgraded DraftKings (DKNG) stock from "Neutral" to "Overweight" and raised its price target from $26 to $37. Yahoo Finance's Seana Smith and Brad Smith break down what this upgrade could mean for the online betting company's market share and how it stands up to other sports betting companies.
- 09/26/2023
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Analyst Calls DraftKings Stock "Undervalued" Despite 2023 Outperformance
- The shares of DraftKings Inc (NYSE:DKNG) are on the rise today, after J.P.
- 09/26/2023
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DraftKings Shares Rally 5% After JPMorgan Upgrade
- The sports gambling giant's stock is up 150% year-to-date but remains down 60% from its 2021 peak.
- 09/26/2023
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DraftKings Stock Can Be a Winner in 'Appealing' Gambling Sector, Analyst Says
- J.P. Morgan analyst Joseph Greff upgraded shares of DraftKings to Overweight from Neutral.
- 09/26/2023
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DraftKings' stock has surged 140% this year, but one new bull sees a buying opportunity
- DraftKings Inc. shares have lagged the S&P 500 since late July, and now JPMorgan sees a buying opportunity.
- 09/26/2023
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These 20 growth stocks are worth considering on a pullback, says Citi
- Citi has released a list of 20 large-cap growth stocks that it says present opportunities in the event of a pullback.
- 09/25/2023
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Entain, Flutter & DraftKings battling for US sports betting dominance
- Online gambling in the US continues to boom and with new players entering the industry all the time, analysts at Barclays believe that while the top two market leaders are unlikely to lose their spots in the coming years there is set to be a battle for third place. Updating its total addressable market (TAM) estimates to US$33 billion for the US industry in the medium term, Barclays PLC (LSE:BARC) expects this figure to charge higher to US$55 billion in the longer term, having incorporated Canada into predictions.
- 09/20/2023
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3 Cathie Wood Stocks That Should Be on Every Investor's Radar This Fall
- Love or hate her, there's no denying the influence Cathie Wood still has on the investment community. Known for populating the exchange-traded funds (ETFs) she operates with disruptive technology companies and fledgling start-ups, Wood has experienced both boom and bust over the last few years.
- 09/18/2023
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DraftKings: Don't Go All-In Just Yet
- Over 70 million Americans are estimated to wager on the NFL in 2023, with 15% planning to bet online. Sports betting is legalized in 38 states, driving a 44.2% increase in online gaming revenue. DraftKings has experienced significant growth, offering multi-bagger returns to shareholders and expanding into new markets.
- 09/18/2023
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7 Sports Betting Stocks Worth a Gamble as Football Season Kicks Off
- With the 2023 NFL season underway, sports bets are surging. In fact, according to the Associated Press, GeoComply Solutions — used to verify a customer's location — said it recorded 242.3 million geolocation transactions from legal U.S. sportsbooks.
- 09/17/2023
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This New S&P 500 Entrant Leads 5 Stocks Near Buy Points
- DraftKings and new S&P 500 entrant Airbnb lead a watch list of stocks poised to make moves if the stock market can find its footing.
- 09/16/2023
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DraftKings set to benefit from reduction in promotions in maturing markets, UBS analysts say
- Draftkings Inc (NASDAQ:DKNG) is set to benefit as more US states legalize gambling and its existing customer base spends more. While these are compelling dynamics, analysts at UBS are more excited by the natural reduction in promotional activity the company will have to fork out for as states mature five years after the US Supreme Court ruled in favor of sports betting in 2018.
- 09/14/2023
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DraftKings apologizes for 9/11-themed 'Never Forget' parlay bet
- The wager, bearing the title "Never Forget," was a parlay bet that the New York Mets, New York Yankees, and New York Jets would win their respective games on September 11. DraftKings apologized and said it respects the "significance of this day."
- 09/11/2023
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DraftKings issues apology for 9/11-themed betting promotion
- DraftKings Inc. DKNG, -0.19% issued an apology on Monday after posting a 9/11-themed sports-betting wager to entice people to bet on baseball and football games on the anniversary of the 2001 terror attacks that killed nearly 3,000 people in the U.S.
- 09/11/2023
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DraftKings apologizes for 9/11 sports bet promo on New York teams
- The 9/11 terror attacks killed nearly 3,000 Americans, most in New York. DraftKings offered gamblers a parlay bet on New York teams winning on the anniversary.
- 09/11/2023
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This 1 Crazy Statistic Makes DraftKings Stock a Buy
- There's a great deal of consumer interest in betting on sports within the U.S. This interest is most pronounced among National Football League fans. DraftKings could leverage this interest to bring new bettors to its mobile app.
- 09/10/2023
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DraftKings CEO reveals NFL's biggest betting trends
- DraftKings CEO Jason Robins discusses the start of the NFL betting season on 'The Claman Countdown.' #foxbusiness #clamancountdown
- 09/09/2023
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DraftKings Is Priced For Perfection
- DraftKings stock has been a big winner in 2023, but the rally may be overdone. The company has delivered strong revenue growth and market share gains, all while executing on margin expansion. I discuss the stock valuation using management's long-term targets and aggressive underlying assumptions.
- 09/08/2023
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DraftKings: Hitting On All Cylinders
- After saying in June that I'd bet on DraftKings Inc. posting Q2 positive EBITDA, the company delivered, helping send shares higher. PENN Entertainment, Inc. and ESPN forming a strategic partnership increases competition, but DraftKings and FanDuel still have built-in advantages moving forward. I'd take some trading profits and let the rest ride on the stock.
- 09/07/2023
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NFL Games Are Back. These 3 Stocks Could Win Football Season.
- Kickoff is scheduled for 8:20 p.m. Eastern on Thursday when the Kansas City Chiefs go up against the Detroit Lions.
- 09/07/2023
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DraftKings CEO Jason Robins on NFL sports betting: This a big day and weekend for us
- DraftKings CEO Jason Robins joins 'Squawk Box' to discuss the start of the NFL season's impact on DraftKings' business, the cost of customer acquisitions, and the impact of ESPN's deal with Penn Entertainment.
- 09/07/2023
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DraftKings and Big 3 sports betting rivals 'on track' to double market in next three years
- The US sports betting and iGaming market are on track to top US$30 billion yearly revenue for the industry in the coming years, just five years after being stationed by the US Supreme Court. So far, 35 states have regulated some form of sports betting or online gaming activity, most of which is catered for by the 'big three' of sportsbook providers: Draftkings Inc (NASDAQ:DKNG) (Draftkings Inc (NASDAQ:DKNG)); FanDuel, which is owned by Flutter Entertainment PLC (LSE:FLTR); and BetMGM, a joint venture between MGM Resorts International (NSX:MGM) and Entain PLC (LSE:ENT).
- 09/05/2023
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Game On: 3 Sports Betting Stocks Ready for a Fall Surge
- Americans' fondness for gambling is evident as a record 50 million engaged in Super Bowl wagers, spending $16 billion! The 2023 Super Bowl betting surged 61% year over year (YOY), fueled by expanding online platforms.
- 09/03/2023
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3 Stocks to Buy Now Ahead of Seasonal September Tailwinds
- It's that time of year. Students are returning to classes again.
- 09/01/2023
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Four Cathie Wood Stocks Near Buy Points
- With growth leading a market rally, several stocks owned by Cathie Wood's ARK Invest are in or near entries, including Tesla and Shopify.
- 08/31/2023
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Signal Says Buy the Dip on DraftKings Stock
- This commentary first appeared on Forbes Great Speculations on Wednesday, August 23, where Schaeffer's Investment Research is a regular contributor.
- 08/31/2023
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7 Stocks the Big Money Is Buying Now
- There's no foolproof method for making money in the stock market, and, in my view, no one should rely on any one technique for picking stocks. After all, using multiple criteria — including analyzing fundamentals, checking charts, and identifying macro trends — should increase one's chances of success.
- 08/29/2023
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Are Consumer Discretionary Stocks Lagging DraftKings (DKNG) This Year?
- Here is how DraftKings (DKNG) and Trip.com (TCOM) have performed compared to their sector so far this year.
- 08/29/2023
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Wall Street Ignores Powell's Rate Hike Warning: 5 Picks
- We have narrowed our search to five consumer-centric stocks that have strong potential for the rest of 2023. These are: LYV, RCL, DKNG, MAR, PEP.
- 08/28/2023
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3 Gaming Stocks to Bet On For Gains in 2024
- Gaming is huge. No matter which market you look at, gaming is growing.
- 08/24/2023
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Can DraftKings Maintain Its Super Status After the ESPN Bet Announcement?
- DraftKings is a dominant player in the betting market, but its status faces a test with the emergence of ESPN Bet from Penn Entertainment. Strong revenue growth, efficient customer acquisition, and enhanced customer experience contribute to DraftKings' positive growth trajectory.
- 08/23/2023
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DraftKings' (DKNG) Golden Nugget Opens Casino in Pennsylvania
- DraftKings' (DKNG) Golden Nugget Online Gaming launches the online casino product in Pennsylvania.
- 08/22/2023
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DraftKings stock rally has plenty more juice, UBS says
- DraftKings Inc. shares have more than doubled so far this year, but UBS analyst Robin Farley thinks they can surge another 45%.
- 08/21/2023
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Brokers Suggest Investing in DraftKings (DKNG): Read This Before Placing a Bet
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 08/18/2023
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3 Gambling Stocks to Buy as NFL Preseason Kicks Off
- With the 2023 NFL season set for kick-off, keep an eye on sports gambling stocks. As DraftKings' CEO Jason Robins recently noted, “It's about to be the most important time of year seasonally for us.
- 08/17/2023
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Draft Kings Proves a Strong Offense is the Best Defense
- Digital sportsbook and gaming platform DraftKings Inc. NASDAQ: DKNG stock is up 125% year-to-date (YTD) as new states continue to approve online sports betting and iGaming. The Company is still losing money, but revenues are ramping up.
- 08/14/2023
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2 Stocks That Raised EPS but Lowered Revenue Estimates
- Growth or value? Top or bottom line?
- 08/14/2023
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Why DraftKings Stock Fell This Week
- Walt Disney's ESPN is partnering with Penn Entertainment on a new sports betting platform. New competition could make it more expensive for DraftKings to compete for new customers.
- 08/11/2023
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Millennials Hit The Jackpot On 10 Stocks — Nvidia Is Just One
- Millennial investors are on a roll. And Nvidia isn't their only runaway S&P 500 stock winner.
- 08/11/2023
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DraftKings (DKNG) Slides More Than 10% on PENN's ESPN Deal
- A $2 billion deal between ESPN and PENN saw DraftKings' (DKNG) stock sliding on Wednesday.
- 08/10/2023
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Does DraftKings Offer Investors a Compelling Risk vs. Return?
- The mobile gaming company is investing aggressively in growth.
- 08/10/2023
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The 3 Best Growth Stocks to Buy in August
- Many stocks are soaring coming out of their second-quarter earnings, and analysts and investors look toward significant upcoming catalysts for certain companies and their share prices. Most of these are growth stocks, securities of companies that continue to grow quickly and take market share from competitors.
- 08/09/2023
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Why DraftKings Stock Was a Losing Bet Today
- A rival announced a major new deal with a top name in sports. As with many other businesses, a strong brand has power in the gambling market.
- 08/09/2023
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DraftKings falls 10% on new threat for sports gambling market share from ESPN-Penn partnership
- Penn will rebrand its online sportsbook as ESPN Bet under the terms of a 10-year deal.
- 08/09/2023
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DraftKings picks up another upgrade as its stock gets slammed on ESPN threat
- Another day, another upgrade for shares of DraftKings Inc., although the latest one has a different tone.
- 08/09/2023
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Cathie Wood ditches Draftkings as Disney's ESPN Bet threat emerges
- Cathie Wood's suite of tech-centric investment funds has been dumping large sums of sports betting firm Draftkings Inc (NASDAQ:DKNG) stock as the kneejerk reaction to Disney's venture into sports betting through its subsidiary ESPN. Wood's Ark Invest sold a total of 444,000 shares in the Nasdaq-listed group valued at approximately US$13.5 million on a five-day share price average.
- 08/09/2023
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Why Is DraftKings (DKNG) Stock Down Today?
- DraftKings (NASDAQ: DKNG ) stock is falling on Wednesday as investors in the sports gambling company react to a major deal for rival Penn Entertainment (NASDAQ: PENN ). The big news hitting DKNG stock today is Penn Entertainment signing a 10-year licensing agreement with Disney's (NYSE: DIS ) ESPN.
- 08/09/2023
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Draftkings in kneejerk drop as Disney teams up with Penn for ESPN Bet venture
- Draftkings Inc (NASDAQ:DKNG) stock plunged in Tuesday's afterhours trading as investors took kneejerk reaction to Disney's (NYSE:DIS) move into online sports betting. Disney's ESPN is teaming up with Penn Entertainment (NASDAQ:PENN) in a new venture, meanwhile, the Barstool Sports digital media brand is being sold back to its founder Dave Portnoy.
- 08/08/2023
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ESPN-Penn Sportsbook Deal Sends PENN Stock Soaring; DraftKings Tumbles
- Penn Entertainment soared late on news of an ESPN-Penn sportsbook deal. Online sports betting leader DraftKings fell sharply.
- 08/08/2023
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3 Stocks to Buy Following Beat-and-Raise Quarters
- The bulk of the Q2 earnings season is in the rearview mirror, with most S&P 500 companies already unveiling their quarterly results. The period has largely been better than feared, helping to inject some positive sentiment into the market.
- 08/08/2023
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The 7 Best Gaming Stocks to Buy in August
- Online gambling has supercharged the gaming sector. The amount of money bet on sporting events in the U.S. will surge 45% this year to almost $137 billion, research firm Insider Intelligence estimates.
- 08/08/2023
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DraftKings Stock Is Rising. New Bull Sees Clearer Path to Profitability.
- Truist Securities analyst Barry Jonas upgraded shares of online sports-betting firm DraftKings to Buy from Hold.
- 08/08/2023
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DraftKings' stock can race another 40% higher, says this new bull
- Another analyst just turned bullish on shares of DraftKings Inc., cheering the company's profit potential and market-share momentum.
- 08/08/2023
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8 Best Meme Stocks to Buy Now
- The rise of meme stocks was one of the biggest stories during the volatile markets of 2020 and 2021. While many stocks saw unexpectedly impressive gains as the COVID-19 pandemic raged, the meme stocks were going parabolic thanks to a combination of government money, irrational enthusiasm and social media virality.
- 08/07/2023
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DraftKings' stock has nearly tripled this year — and it just won a new fan
- Wells Fargo analyst Daniel Politzer and his team “hate” upgrading a stock that's risen about 180% so far this year, but they don't want to miss out on a potential further rally in DraftKings Inc. shares, either.
- 08/07/2023
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DKNG Stock Alert: Wells Fargo Just Upgraded DraftKings
- DraftKings (NASDAQ: DKNG ) stock is on the move Monday after getting an upgrade from Wells Fargo analyst Daniel Politzer. That upgrade has Politzer boosting shares of DKNG stock from an “equal weight” rating to an “overweight” rating.
- 08/07/2023
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3-Stock Lunch: DKNG, BKNG & SQ
- Malcolm Ethridge. CIC Wealth EVP, joins ‘Power Lunch' to discuss three stocks: DraftKings, Booking Holdings and Block Inc.
- 08/04/2023
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DraftKings CEO on Q2 earnings beat: Dramatic product improvement and marketing optimization
- Jason Robins, DraftKings CEO, joins 'Squawk on the Street' to discuss Robins' higher outlook for Q3, Robins' outlook for access to new sport markets, and if Robins is worried about fragmentation in sports viewership.
- 08/04/2023
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DraftKings stock jumps on Q2 sales beat, upbeat forecast
- Shares of DraftKings surged after the company reported second quarter sales beat estimates and raised its full-year forecast. The company stands to benefit from more states approving online sports betting.
- 08/04/2023
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Analysts, Options Traders Bet on DraftKings Stock
- Sports gambling stock DraftKings Inc (NASDAQ:DKNG) is 8.7% higher to trade at $32.48 at last check, earlier hitting $34.49, its highest level since November 2021.
- 08/04/2023
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DraftKings ‘hits it out of the park' with strong Q2 results, is primed for growth, analysts say
- DraftKings Inc.'s strong second-quarter performance leaves the sports-betting platform well-positioned for more growth, say analysts.
- 08/04/2023
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5 Things to Know Before Markets Open
- Job growth is projected to slow and Amazon shares are soaring after the ecommerce giant blew by analyst revenue expectations. Here's what investors need to know today.
- 08/04/2023
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DraftKings Is Cracking the U.S. Sports-Betting Boom. The Stock Is Surging.
- Shares of the sports betting company surge after DraftKings posts second-quarter revenue that beat expectations.
- 08/04/2023
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DraftKings (DKNG) Reports Q2 Loss, Tops Revenue Estimates
- DraftKings (DKNG) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.50 per share a year ago.
- 08/03/2023
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The Afters: Apple, Amazon, Draftkings, Booking.com, Coinbase, Airbnb, and more
- Apple Inc (NASDAQ:AAPL) stock was down 3% after Thursday's market close, as traders reacted to a 1% softening in revenue on weaker iPhone sales – despite Tim Cook calling it ‘an improved quarter'. Amazon.com Inc (NASDAQ:AMZN) meanwhile impressed, sending its stock more than 8% higher to US$139.50.
- 08/03/2023
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Draftkings stock soars as quarterly financials beat expectations
- Draftkings Inc (NASDAQ:DKNG) stock shot up in afterhours trading as it reported an 88% jump in second-quarter revenue and earnings ahead of management's prior expectations. It reported US$875 million of revenue for the period with the company boasting robust customer retention, ‘efficient' new customer acquisition, and product innovation.
- 08/03/2023
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DraftKings stock rallies on surprise profit, more upbeat full-year sales forecast, as new sports-betting customers roll in
- Shares of DraftKings Inc. rallied after hours on Thursday after the online sports-betting platform reported a surprise second-quarter profit and raised its full-year sales forecast, amid a nationwide expansion driven by U.S. state legalization.
- 08/03/2023
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DraftKings (DKNG) to Report Q2 Earnings: What's in Store?
- DraftKings' (DKNG) second-quarter 2023 performance is likely to have benefited from the robust demand for mobile sports betting and penetration in new states.
- 08/01/2023
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3 Stocks to Buy to Benefit from the Growing Online Gambling Trend
- Americans love to gamble. A record 50 million people placed a wager on this year's Super Bowl, spending $16 billion to gamble on the outcome of the big game, according to the American Gaming Association.
- 07/28/2023
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DraftKings is powering toward a big milestone — but a budding threat looms
- DraftKings Inc. is making big strides in its business, so much so that SVB MoffettNathanson now expects the company to hit a big milestone.
- 07/28/2023
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These Stocks Hit 2023 Highs As Dow Heads For Best 2-Month Stretch Since November
- A slew of strong economic and earnings data points this week “could be the catalyst to send the market to new highs,” according to one strategist.
- 07/28/2023
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Wall Street Bulls Look Optimistic About DraftKings (DKNG): Should You Buy?
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 07/26/2023
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4 Consumer Discretionary Stocks to Buy on Cooling Inflation
- A financial advisor can help you understand the advantages and disadvantages of investment properties.
- 07/20/2023
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Who could buy a piece of ESPN? Here are seven candidates
- Disney chief executive officer Bob Iger shook up Wall Street Thursday when he told CNBC he's open to finding a strategic partner for ESPN.
- 07/20/2023
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4 Consumer Discretionary Stocks to Buy on Cooling Inflation
- Trip.com (TCOM), Guess (GES), Marriott (MAR) and DraftKings (DKNG) are four consumer discretionary stocks that should do well in the rest of 2023, as inflation subsides.
- 07/20/2023
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3 Growth Stocks That Could Double Again
- Cruise line Carnival is booking more trips than ever before, despite the wobbly economy. The sports betting market is still young.
- 07/20/2023
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This Growth Stock Looks Primed for Another Breakout
- There is nothing quite like trading momentum stocks, even better when they have been beaten down and are in the earlier stages of their bull runs.
- 07/18/2023
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DraftKings Is Not a Good Bet Now
- For over a hundred years, betting on sporting events has been a popular pastime. The bookies who handled these bets could never imagine their job would be at risk someday as consumers can now make sports bets on their smart phones.
- 07/18/2023
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DraftKings' stock has been on a tear, but one analyst cautions the rally has gone too far
- Roth MKM's Edward Engel reiterated his bearish view of DraftKings DKNG, +0.40% shares in a Tuesday report, writing that the company's upcoming earnings could be hampered by promotional activity within the online sports-betting industry.
- 07/18/2023
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DraftKings (DKNG) to Add Konami Gaming Content With Pariplay
- DraftKings (DKNG) is set to add Konami Gaming's iGaming content to its portfolio with one of the leading online casino and sportsbook brands, Pariplay.
- 07/18/2023
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Why This Gambling Stock May Be Worth Rolling the Dice On
- DraftKings has rolled out new features that have grown engagement and revenue. Despite the stock's run-up, it is still heavily discounted from its all-time highs.
- 07/18/2023
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DraftKings' stock could advance another 20%-plus, analyst says
- Yet another analyst has boosted his price target on shares of DraftKings Inc. DKNG, +1.72%, which have enjoyed a meteoric rise this year, up nearly 175% over the course of 2023 to date. Jefferies analyst David Katz became the latest to lift his target, raising it to $38 from $35, with the new target implying about 22% upside from current levels.
- 07/17/2023
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American Sentiment on Economy Tops in Nearly 2 Years: 5 Picks
- We have narrowed our search to five consumer-centric stocks with strong upside potential for the rest of 2023. These are: MAR, DKNG, CCL, CELH, KMB.
- 07/17/2023
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DraftKings: Watch Out For Another Sugar High Rally Ending Badly
- Coming good earnings release or not, DraftKings Inc. is still far away from becoming a profit machine in the dreams of breathless analysts. We're guiding HOLD for DraftKings, unless you bought in cheap and can take a nice gain off the table now. DraftKings' market share remains a strong second place to FanDuel, but the smaller sites will continue chipping away at the leaders in the sector.
- 07/14/2023
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5 Top Stocks to Tap the Steady Fall in Inflation Rate
- We have selected five growth-oriented stocks with strong potential for the rest of 2023. These are: NVDA, PANW, MAR, DKNG, META.
- 07/14/2023
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DraftKings to Release Second Quarter 2023 Results on August 3, 2023 and Host Conference Call on August 4, 2023
- BOSTON, July 14, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2023 results after the close of market trading on Thursday, August 3, 2023.
- 07/14/2023
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DraftKings' stock clinches five-day winning streak after two analysts boost bullish views
- DraftKings Inc. shares closed 2.7% higher Thursday, extending their recent rally as two analysts boosted their price targets on the online-gambling name. JMP Securities analyst Jordan Bender is upbeat about the company's upcoming June-quarter earnings report.
- 07/13/2023
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Options Buyers Are Lukewarm on DraftKings Despite Multiple, Positive Signs
- Institutional investors and a growing number of sell-side analysts are turning positive on DraftKings (DKNG), which owns and operates a popular sports betting platform.
- 07/13/2023
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Bullish Bettors Score Big on Sports Gambling Stock
- Last week, Schaeffer's Weekend Trader subscribers more than doubled their money with our DraftKings Inc (NASDAQ:DKNG) September 25 call.
- 07/13/2023
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High Rollers Loading Up On DraftKings As Upgrades Roll In
- Shares have been registering strong price gains since July 7, when the stock rose 5.63% in heavy volume, regaining its 50-day average. The stock added another 8.29% in the next session, also in above-average turnover.
- 07/13/2023
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Why Bank of America Upgraded DraftKings Stock After a 150% Gain
- BofA Securities analyst Shaun Kelley upgraded shares of DraftKings to Buy from Neutral, citing confidence in the online sports betting app's near-term performance.
- 07/12/2023
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Best Growth Stocks to Buy: DraftKings vs. Penn vs. Caesars Entertainment
- These gaming operators are experiencing a boom as folks spend more on services.
- 07/12/2023
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DraftKings stock surges after BofA upgrade says monster rally can continue
- Shares of DraftKings Inc. DKNG, +7.18% were rising nearly 7% in Wednesday morning action after BofA Global Research analyst Shaun Kelley upgraded the online-gambling stock to buy from neutral, writing of “accelerating product and revenue momentum” that are “are on the cusp of driving an inflection in margins and profitability.” The company “has reached a key cost inflection, as we believe the rate of growth in cost of revenue and external marketing has peaked,” Kelley wrote.
- 07/12/2023
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More Room to Run: 3 Stocks to Buy at 52-Week Highs
- When investors are looking for hot stocks to buy now, they usually look at 52-week high stocks. They want high-performing stocks that still have room to run.
- 07/11/2023
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DraftKings stock hits 52-week high, Oppenheimer raises price target
- Yahoo Finance Markets Reporter Josh Schafer discusses Oppenheimer raising the price target on DraftKings from $30 to $36, as well as the company's cut back in spending.
- 07/11/2023
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ROKU Chooses Shan Boodram as Host for The Marriage Pact
- ROKU appoints Shan Boodram as the host for its innovative relationship experiment series, The Marriage Pact.
- 07/11/2023
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DraftKings (DKNG) Rallying in 2023 on Sustained Sales Growth
- Draftkings (DKNG) is riding on positive momentum surrounding its revenue growth rate.
- 07/11/2023
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DraftKings Hits 52-Week High Based on Projected Profitability
- Shares of DraftKings soared to a 52-week high Monday (July 10). The Boston-based firm's projected profitability on an adjusted EBITDA basis took the stock up 7.96% to a $28.79 per share, Seeking Alpha reported Monday.
- 07/10/2023
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Options Action: Traders bullish on DraftKings
- Mike Khouw, Optimize Advisors president, joins the Options Action traders to talk DraftKings.
- 07/10/2023
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Top 5 Non-Tech Nasdaq Winners of 1H With More Upside Left
- We have narrowed our search to five Nasdaq Composite listed non-technology stocks. These are: CELH, DKNG, CPRT, EXAS, MAR.
- 07/10/2023
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Is DraftKings (DKNG) Stock Outpacing Its Consumer Discretionary Peers This Year?
- Here is how DraftKings (DKNG) and Royal Caribbean (RCL) have performed compared to their sector so far this year.
- 07/07/2023
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Why DraftKings Stock Jumped 13.8% in June
- DraftKings' stock price is up about 128% year to date. The market reacted favorably to a deal that didn't go through.
- 07/05/2023
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The 3 Best Cathie Wood Stocks to Buy for July 2023
- Cathie Wood, CEO of Ark Invest, has proven to be a maverick stock-picker of our time. Her popular Cathie Wood stock picks have helped build shareholder value for its avid followers.
- 07/03/2023
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Sports Betting Stock Ripe for Bulls
- Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKNG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
- 07/03/2023
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Top 5 Big Winners of 1H 2023 With More Upside Left
- We have narrowed our search to five large-cap stocks that have popped more than 100% year to date. These are: NVDA, META, RCL, MDB, DKNG.
- 07/03/2023
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5 Stocks on Unstoppable Rally Amid Nasdaq's Historic 1H
- The Nasdaq Composite Index is set to wrap up the best first half in 40 years with Nvidia (NVDA), MicroStrategy (MSTR), Meta Platforms (META), DraftKings (DKNG) and MongoDB (MDB) more than doubling.
- 06/30/2023
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Fanatics ups offer for PointsBet's US assets; outbids DraftKings
- Fanatics, a sports platform company, revealed late Tuesday that it has increased its offer for PointsBet's US business by 50% to $225 million, outbidding Draftkings Inc (NASDAQ:DKNG)'s non-binding offer of $195 million. The PointsBet board unanimously recommended the sale to Fanatics, after DraftKings reportedly was “unable” to finalize a new bid before the deadline, Sportico.com reported.
- 06/28/2023
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DraftKings stock slips after withdrawing bid to buy PointsBet's U.S. operations
- Shares of DraftKings Inc. DKNG, +3.10% slipped 0.7% in premarket trading Wednesday, after the online sports-betting and digital sports entertainment company said overnight that it is no longer pursuing the acquisition of Australia-based PointsBet Holdings Ltd.'s PBTHF, -5.31% PBH, +0.61% U.S. business.
- 06/28/2023
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DraftKings Stock Falls After Fanatics Boosts Offer for PointsBet's U.S. Assets
- Privately owned Fanatics boosted its offer by 50% to $225 million, compared to DraftKings's proposal of $195 million made earlier this month.
- 06/28/2023
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DraftKings, Fanatics vie for PointsBet — after scrapping $48B merger, sources say
- “Jason was stopped and now he is returning the favor,” a sports betting executive said of the hard-charging DraftKings boss.
- 06/23/2023
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5 Must-Buy High-Flying Stocks for Sparkling Returns
- We have narrowed our search to five corporate giants that have rallied more than 75% in 2023 with more upside left. These are: META, PANW, DKNG, NVDA and RCL.
- 06/23/2023
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DraftKings: A Bet On Positive EBITDA In Q2 Could Payoff
- DraftKings has seen its stock rise over 30% since I first looked at the name. DKNG continues to benefit from more states legalizing online sport betting, and new states continue to outperform older vintages at similar stages. Generating positive EBITDA in Q2 could fuel the stock in the near term.
- 06/23/2023
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Top 5 Consumer Discretionary Stocks With More Upside Left
- We have narrowed our search to five consumer discretionary stocks that have solid potential for the rest of 2023. These are: DKNG, LULU, MAR, SNA and RCL.
- 06/22/2023
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Is DraftKings (DKNG) Outperforming Other Consumer Discretionary Stocks This Year?
- Here is how DraftKings (DKNG) and Playa Hotels & Resorts (PLYA) have performed compared to their sector so far this year.
- 06/21/2023
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Draftkings (DKNG) Improves Bid for PointsBet's US Business
- DraftKings (DKNG) submits an improved offer to acquire PointsBet's US operations for $195 million.
- 06/19/2023
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DraftKings announces a superior bid for PointsBet's U.S. assets
- Shares of DraftKings Inc (NASDAQ: DKNG) ended slightly down on Friday after the sports betting company proposed to buy the U.S. assets of PBH Holdings. PointsBet already has a deal with Fanatics The Boston-headquartered firm is willing to pay $195 million for its U.S. business.
- 06/17/2023
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DraftKings and Fanatics in Bidding War for PointsBet's US Assets
- DraftKings made a $195 million cash bid for the U.S. assets of PointsBet, a higher offer than Fanatics.
- 06/16/2023
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DraftKings Tries to Outbid Rival Fanatics in PointsBet Deal
- Online sportsbook company DraftKings has made a last-minute bid to buy the U.S. business of betting firm PointsBet. The $195 million offer from the company Friday (June 16) is designed to top a $150 million agreement reached between PointsBet and DraftKings rival Fanatics last month.
- 06/16/2023
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DraftKings trumps Fanatics with ‘superior' bid for PointsBet's US business
- Draftkings Inc (NASDAQ:DKNG) said it has delivered a letter to PointsBet Holdings' non-executive chairman and CEO proposing an indicative offer to buy the Australian company's US business for US$195 million in cash. The sports gambling company said in a statement that its proposed offer represents a 30% premium to an existing US$150 million agreement to sell the business to Fanatics Betting and Gaming.
- 06/16/2023
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DraftKings Makes a $195 Million Bid for PointsBet, Topping Fanatics Proposal
- PointsBet, an Australian-based company, has an online casino catalog, and lets customers place wagers.
- 06/16/2023
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Better Bear Market Buy: DraftKings vs. Roblox Stock
- DraftKings may come with a high level of risk, but it also has the potential for massive reward. Roblox is posting strong levels of engagement and still has huge room for expansion.
- 06/16/2023
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DraftKings makes $195 million offer for PointsBet, outbidding Fanatics
- The offer comes a month after Fanatics agreed to buy the Australian company for $150 million in an effort to boost its presence in sports gambling.
- 06/16/2023
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DraftKings offers to buy PointsBet's U.S. business for $195 million, or 30% premium over existing offer from Fanatics
- DraftKings Inc. DKNG, -1.74% said Friday it has submitted a bid to acquire the U.S. operations of Australia's PointsBet for $195 million in cash, or a 30% premium over the company's existing agreement for a sale. In May, PointsBet said it had agreed to sell the business to Fanatics Inc. for $150 million.
- 06/16/2023
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Best Growth Stock to Buy: Plug Power vs. DraftKings
- Plug Power and DraftKings are growing revenue explosively while generating losses on the bottom line.
- 06/14/2023
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3 Gaming Stocks That Outperformed Industry in the Past 6 Months
- Stocks like DKNG, PLTK and CRSR are likely to benefit from improving visitation. Moreover, robust demand for sports betting is aiding the industry.
- 06/14/2023
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DraftKings (DKNG) is a Great Momentum Stock: Should You Buy?
- Does DraftKings (DKNG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 06/12/2023
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7 High-Risk, High-Reward Stocks to Buy in June
- There are some similarities between gambling and buying high-risk, high-reward stocks. In both scenarios, you could make a great deal of money or you could lose all of it.
- 06/12/2023
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DraftKings Stock, Is There Royally Good Upside Ahead?
- DraftKings' NASDAQ: DKNG upswing is gaining momentum and offers a royally good upside for investors. The Q1 results were strong and came with robust guidance that sparked a wave of commentary from the analysts.
- 06/12/2023
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Tesla Stock, Uber Race Ahead While 3 Stocks Get Spicy
- As the market continues its ascent, Nvidia holds its massive gains while Tesla stock, Uber and Wingstop accelerate their recent breakouts.
- 06/05/2023
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Are Consumer Discretionary Stocks Lagging DraftKings (DKNG) This Year?
- Here is how DraftKings (DKNG) and Playa Hotels & Resorts (PLYA) have performed compared to their sector so far this year.
- 06/05/2023
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3 Stocks to Buy From a Promising Gaming Industry
- Robust demand for online betting bodes well for the Gaming industry. Stocks like DKNG, WYNN and CRSR are benefiting from an improving industry trend.
- 06/05/2023
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DraftKings Stock Ends Up Being A Good Bet
- DraftKings has given multiple chances at gains this year. Here's our playbook for how we've handled it.
- 06/02/2023
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Millennials' Top Stock Is Up 192% — And You've Never Heard Of It
- Millennials are loaded up with the same big-cap S&P 500 stocks as everyone else. But their biggest winning stock is much more obscure.
- 06/02/2023
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DraftKings Stock: Buy, Sell, or Hold?
- The sports wagering business is still taking shape, opening the door to market-share gains from leading players. And the market itself is set to continue growing for years thanks to new states legalizing it.
- 06/02/2023
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1 Growth Stock Down 66% to Buy Right Now
- DraftKings just beat estimates on the top line for its latest fiscal quarter. More users, and greater revenue per user, are propelling DraftKings.
- 05/26/2023
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3 High-Flying Cathie Wood Stocks That Are Up Over 50% This Year
- Tesla, DraftKings, and Exact Sciences all saw their shares tank in 2022. But this year they have been some of the ARK Innovation ETF's best performers.
- 05/25/2023
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What Makes DraftKings (DKNG) a Strong Momentum Stock: Buy Now?
- Does DraftKings (DKNG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/23/2023
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Why DraftKings Stock Was a Winning Bet Today
- A prognosticator tracking the stock now feels it's an unambiguous buy. That analyst also cranked her price target more than 50% higher.
- 05/22/2023
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DraftKings stock closes higher on UBS upgrade, raised price target
- Yahoo Finance Live anchors Seana Smith and Akiko Fujita discuss DraftKings' growth outlook after the company gets upgraded to Buy at UBS.
- 05/22/2023
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DraftKings (DKNG) Stock Gains 7% on UBS Upgrade
- Sports-betting firm DraftKings (NASDAQ: DKNG ) popped about 7% higher today. A UBS analyst upgraded DKNG stock, despite it already more than doubling so far this year.
- 05/22/2023
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Three Stock Lunch: Chevron, Nike & DraftKings
- Eva Ados, ER Shares chief operations officer, joins ‘Power Lunch' to discuss three stocks: Chevron, Nike and DraftKings.
- 05/22/2023
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Apple, DraftKings, Nike: Top movers May 23, 2023
- Yahoo Finance contributor Remy Blaire reports from the New York Stock Exchange on the top movers this morning including, Apple, UBS raising its rating for DraftKings to buy, and how Nike is fairing following Foot Locker's earnings report.
- 05/22/2023
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DraftKings' stock has doubled this year, but one new bull sees more room to run
- DraftKings Inc. is starting to benefit more from its scale, and that dynamic could help power its stock further, according to an analyst.
- 05/22/2023
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DraftKings: What Analysts Are Seeing
- Analysts are eagerly pushing buy calls on DraftKings Inc. DraftKings' valuation has been meaningfully cut down and ''de-risked.''
- 05/22/2023
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DraftKings Stock Has Doubled in 2023. One Analyst Sees More Upside.
- UBS analyst Robin Farley upgraded sports-betting firm DraftKings to Buy from Neutral, and lifted her price target to $30 from $19.
- 05/22/2023
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DraftKings earns target increase from UBS as new markets open scope from growth
- Analysts at UBS have awarded Draftkings Inc (NASDAQ:DKNG) a ‘Buy' rating with a $30 price target as the sports gambling company penetrates new markets. Following strong first-quarter results earlier in May, the broker raised its price target for DraftKings from $19, saying expansion into new markets should fuel the company's growth.
- 05/22/2023
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Analyst: Gamble on DraftKings Stock Now
- The shares of DraftKings Inc (NASDAQ:DKNG) are 3.8% higher to trade at $25.02 this morning, after UBS upgraded the sports gambling company to "buy" from "neutral.
- 05/22/2023
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A Bull Market Is Coming: 3 Reasons to Buy DraftKings Stock
- DraftKings has a long runway for growth still ahead. The company is progressing toward sustained profitability.
- 05/19/2023
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‘Fraud is fun': Teen hacker charged with breaking into DraftKings accounts leading to theft of $600,000
- A boastful teenage hacker has been charged with orchestrating a break-in to the sports betting website DraftKings, which led to $600,000 being drained from hundreds of customer accounts.
- 05/18/2023
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Teen charged with hacking sports betting site DraftKings bragged 'fraud is fun,' feds say
- Federal prosecutors on Thursday announced criminal charges against an 18-year-old Wisconsin man for a scheme to hack user accounts of the sports betting site DraftKings.
- 05/18/2023
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What Recession? These Companies Expect 20% Sales Growth This Year.
- As more states legalize sports betting, DraftKings stock benefits from a greater pool of potential customers. DexCom's continuous glucose monitoring devices help diabetics keep track of their condition.
- 05/17/2023
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Fanatics set to acquire Pointsbet's U.S. sports betting operations in $150 million deal
- Yahoo Finance Live discusses Michael Rubin led sports-apparel business Fanatics acquisition of Pointsbet's U.S. sports betting operations in $150 million deal
- 05/15/2023
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3 Hyper-Growth Stocks That Have Huge Growth Potential in 2023
- Let's first understand what hyper-growth stocks truly are in order to understand the real potential here. Hyper-growth generally refers to companies that provide a compound annual growth rate (CAGR) of at least 40%, whereas growth stocks generally clock in at around a 20% CAGR.
- 05/15/2023
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An Updraft Is Brewing For DraftKings
- DraftKings NASDAQ: DKNG shares are set up for an upswing in prices driven by execution, results, and the analyst. The company has been working relentlessly to expand into newly legalized territories, enhance offerings in maturing states and control costs.
- 05/12/2023
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7 Hyper-Growth Stocks That Are Overvalued and Risky Right Now
- As interest rates continue to climb, there are plenty of overvalued hyper-growth stocks to avoid right now. This comes even as stocks, in particular growth stocks, have pulled back considerably since late 2021.
- 05/10/2023
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Should Investors Buy DraftKings Stock Right Now?
- DraftKings reported first-quarter earnings that impressed stock market investors.
- 05/10/2023
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DraftKings scores price target raise as profitability inflection nears: broker
- Analysts at Canaccord Genuity (TSX:CF, LSE:CF) have upped their price target for Draftkings Inc (NASDAQ:DKNG) after the sports gambling company hit a home run with its first quarter results. The analysts noted that DraftKings' 1Q revenue and profitability had both come in well ahead of consensus expectations as investments over recent years to improve its technology platform and build brand awareness drove market share gains.
- 05/09/2023
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Will DraftKings Ever Make Money?
- Revenue keeps growing and losses keep piling up at DraftKings.
- 05/09/2023
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The 7 Best Meme Stocks to Buy for 2023
- Meme stocks comprise a wide spectrum of companies ranging from those sensible investors steer clear of, to firms with near-universal respect. This list of investment ideas sourced from here pulls primarily from the latter.
- 05/09/2023
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Is This Growth Stock a Sure Bet for a Rebound?
- DraftKings spends tons of money on advertising, customer incentives, and stock-based compensation. The business seems to be on solid footing, but that might not mean investment returns for shareholders.
- 05/09/2023
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Why DraftKings CEO Jason Robins isn't celebrating the company's big year: ‘I'll gloat when I'm dead'
- It was down 43% over the previous three months, and down 72% over the previous year. This prompted CEO Jason Robins to fire off an infamous tweet suggesting that people would regret selling the company's stock.
- 05/05/2023
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DraftKings stock rises to 52-week high following Q1 earnings
- The Yahoo Finance Live team discusses a jump in DraftKings stock after a positive Q1 earnings report.
- 05/05/2023
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Why DraftKings Stock Downright Flew on Friday
- DraftKings outperformed expectations in the first quarter. Management raised its full-year revenue guidance and said it expects substantial improvements to the bottom line.
- 05/05/2023
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DraftKings stock surges on Q1 earnings beat
- Yahoo Finance Live's Rachelle Akuffo breaks down the rise in stock for DraftKings following first-quarter earnings.
- 05/05/2023
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DraftKings Blows Past Q1 Revenue Record as More States Legalize Online Wagering
- Virtual sports betting is looking like a sure thing as DraftKings delivered a strong start to the year with more states legalizing online sportsbook (OSB) and iGaming wagering.
- 05/05/2023
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Bulls Bet on DraftKings Stock After Earnings
- Sports gambling stock DraftKings Inc (NASDAQ:DKNG) is 17.4% higher at $25.02 at last check, and hit a one-year high of $25.30 earlier after reporting better-than-expected results for the first quarter.
- 05/05/2023
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DraftKings shares soared after crushing Wall Street's revenue expectations in Q1
- CNBC's Contessa Brewer joins 'Squawk on the Street' to report on the rise in DraftKings shares.
- 05/05/2023
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DraftKings Jumps on Results
- The sports betting company aposted an adjusted loss of 51 cents a share for the quarter, narrower than the 70-cent loss analysts had forecast.
- 05/05/2023
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DraftKings shares hit it big after executives revise up 2023 guidance
- Draftkings Inc (NASDAQ:DKNG) shares rocketed higher after the company comfortably beat revenue expectations and upped its full-year guidance. The sports gambling company reported revenue of $769.7 million, up from $417 million a year earlier and topping Street expectations of $704 million.
- 05/05/2023
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DraftKings stock roars higher on revenue beat, raised forecast
- DraftKings Inc. shares soared in late trading Thursday, after the sports-gambling company crushed Wall Street's revenue expectations and executives increased their targets for the full year.
- 05/04/2023
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DraftKings (DKNG) Reports Q1 Loss, Tops Revenue Estimates
- DraftKings (DKNG) came out with a quarterly loss of $0.87 per share versus the Zacks Consensus Estimate of a loss of $0.85. This compares to loss of $1.14 per share a year ago.
- 05/04/2023
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Why DraftKings Stock Jumped 13% in April
- DraftKings soared higher on the expansion of legalized betting to a major state, as well as reports of a new product launch. The company reports first-quarter earnings after market close on May 4.
- 05/04/2023
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3 Growth Stocks to Watch This Week
- Who doesn't enjoy earnings season? The period is undeniably hectic for market participants, but that's just the nature of the game.
- 05/02/2023
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Stock Market Holds Steady Ahead Of Fed Meeting, Jobs Report; Nvidia, DraftKings Stand Out
- The stock market didn't move much Monday as investors await the conclusion of the two-day Fed meeting and Friday's jobs report. The post Stock Market Holds Steady Ahead Of Fed Meeting, Jobs Report; Nvidia, DraftKings Stand Out appeared first on Investor's Business Daily.
- 05/01/2023
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DraftKings (DKNG) to Report Q1 Earnings: What's in Store?
- DraftKings' (DKNG) first-quarter 2023 performance is likely to have benefited from the robust demand for mobile sports betting and expansion efforts in new states.
- 05/01/2023
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AAPL Stock Ramps Higher Ahead Of Quarterly Results. Wall Street Eyes Reports From DraftKings, Arista Networks
- AAPL stock has been rallying ahead of its upcoming earnings report, but ANET stock has come under pressure as it tests a key support level. The post AAPL Stock Ramps Higher Ahead Of Quarterly Results.
- 04/28/2023
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DraftKings puts Flutter on new streaming service
- Leading US gambling company Draftkings Inc (NASDAQ:DKNG) is putting its chips on streaming in a bid to stay competitive against major rival Flutter Entertainment Inc's FanDuel platform. According to sources familiar with the matter, DraftKings intends to launch an ad-supported, free video service featuring video podcasts sponsored by the company.
- 04/27/2023
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Already a 2023 Two-Bagger, DraftKings May Be Headed for Third
- One of many pandemic winners to lose favor with investors, the tech-led sports betting operator is making a comeback. Favorable legislative momentum and improving financials have DraftKings stock days away from its first ever four-month winning streak.
- 04/26/2023
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DraftKings: Q1 Should Show Shrinking Negative EBITDA, Positive Sentiment Ahead
- DraftKings: Q1 Should Show Shrinking Negative EBITDA, Positive Sentiment Ahead.
- 04/20/2023
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Here's Why DraftKings (DKNG) is a Great Momentum Stock to Buy
- Does DraftKings (DKNG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/19/2023
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DraftKings is among 14 stocks that stand out among online gambling companies and casinos
- We have come a long way from the days when legal gambling, in a state such as New York, was restricted to race tracks and the state's own depressing Off Track Betting locations. Now, with so many casinos dotting the landscape and online gambling platforms becoming important sponsors for major sports leagues, you might think the market is saturated.
- 04/19/2023
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DraftKings stock price: DKNG is ripe for a 80% jump if this happens
- DraftKings (NASDAQ: DKNG) stock price has been in a strong bullish break out as investors wait patiently for the upcoming earnings. The shares rose to a high of $21 on Tuesday, the highest point since February 21st.
- 04/19/2023
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S&P 500 Giant AMD Leads Five Stocks Near Buy Points
- With volatile market conditions, investors can begin looking to add exposure gradually. These five stocks offer investors a variety of options across multiple sectors.
- 04/15/2023
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DraftKings to Release First Quarter 2023 Results on May 4, 2023 and Host Conference Call on May 5, 2023
- BOSTON, April 14, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2023 results after the close of market trading on Thursday, May 4, 2023.
- 04/14/2023
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Landry CEO Tilman Fertitta is bullish on the gaming industry
- Tilman Fertitta, Landry's Chairman & CEO, on the health of the consumer with CNBC's Melissa Lee and the Fast Money traders
- 04/13/2023
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3 Gambling Stocks to Play the Sports Betting Craze
- As more states legalizing sports betting, and revenge travel heats up, the tourism scene in various gambling locales should improve. From “Sin City” to online gambling stocks, there are plenty of options for growth investors looking to get in on the action, by betting on the house.
- 04/07/2023
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DraftKings Stock Left With A Gain Thanks To Early Sell
- We combined a partial sell into strength with a quick reaction on DraftKings stock weakness. That kept the trade positive.
- 04/06/2023
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Sports betting: ‘DraftKings has the capabilities to catch up' to FanDuel, analyst says
- Oppenheimer Senior Analyst Jed Kelly and Golf Digest Staff Writer Christopher Powers join Yahoo Finance Live to discuss sports gambling trends, legalized sports betting, the rise in stock for DraftKings, and the outlook for the 2023 Masters Tournament.
- 04/06/2023
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Why Airbnb, Roku, and DraftKings Plunged Today
- The March ISM Services PMI survey came in below expectations. The same goes for the March ADP employment report.
- 04/05/2023
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3 Super Speculative Growth Stocks That Could Make You Very Rich
- With the market hitting a low, speculative growth stocks have become a hot topic of conversation among investors. The big question is: Which stocks will make the biggest climb back up?
- 04/04/2023
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3 Stocks Up More Than 20% That I Would Never Buy
- DraftKings might have trouble differentiating its product, despite the rise of online gambling. MicroStrategy is a bet on Bitcoin, so why not just buy the cryptocurrency?
- 03/31/2023
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DraftKings CEO Robins pockets more than $5 million from sale of stock
- It must be great to be CEO of DraftKings Inc.
- 03/30/2023
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DraftKings CEO Jason Robins's total compensation more than tripled to nearly $50 million in 2022
- For DraftKings Inc., 2022 was another banner year — at least it was for the online sports betting and digital sports entertainment company's three co-founders, if not for investors.
- 03/27/2023
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Dan Niles Saw The Banking Collapse Coming, Predicted Big Firm Would Get 'Nailed': Now He's Placing Bets On Tech
- Satori Fund founder and portfolio manager Dan Niles shorted several banks ahead of the collapse. Now he's looking to squeeze profits out of a pair of tech names.
- 03/23/2023
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Stock Market Surges On Financial-Sector Optimism; Stocks To Watch Include On Holding, MercadoLibre, DraftKings
- The stock market ended with bullish gains Tuesday, helped by big gains for financial and technology stocks. The post Stock Market Surges On Financial-Sector Optimism; Stocks To Watch Include On Holding, MercadoLibre, DraftKings appeared first on Investor's Business Daily.
- 03/21/2023
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March Madness betting predicted to double Super Bowl
- CNBC's Contessa Brewer joins 'Closing Bell: Overtime' to discuss March Madness betting.
- 03/17/2023
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Why DraftKings Could Keep Outperforming in 2023
- While many have Duke, Gonzaga or Kansas winning the 2023 men's college basketball championship, the event's biggest winner might be DraftKings Inc. (NASDAQ:DKNG).
- 03/16/2023
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Cathie Wood Found A Clever Way To Profit From Bank Mayhem
- Financial stocks are cracking under the strain of a banking crisis. So how has Cathie Wood found a way to gain 20% on financial stocks this year?
- 03/16/2023
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Wall Street Analysts Think DraftKings (DKNG) Could Surge 28.43%: Read This Before Placing a Bet
- The consensus price target hints at a 28.4% upside potential for DraftKings (DKNG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 03/15/2023
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3 Sports Betting Stocks That Don't Feel Like a Gamble
- The legalization of sports betting is one of the leading economic stories in a post-pandemic world. But investing in sports betting stocks has been a cautionary tale for investors.
- 03/15/2023
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5 March Madness Stocks Worth Betting On
- With March Madness just days away, it's time to look at some of the potential slam dunks. In 2022, investors bet on gambling stocks because 45 million Americans were expected to wager $3.1 billion on the tournament.
- 03/14/2023
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DraftKings Is A Speculative Bet
- The opportunity in front of DKNG is evident as more states legalize online sports betting. However, the company needs to prove it can generate positive EBITDA and free cash flow.
- 03/13/2023
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What Is the Best Fintech Stock to Buy Now? Our 7 Top Picks.
- If you're looking for the best fintech stock to buy, the world's largest fintech exchange-traded fund (ETF) is an excellent place to start. That distinction is held by Cathie Wood's ARK Fintech Innovation ETF (NYSEARCA: ARKF ), with total net assets of $860.4 million.
- 03/02/2023
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Is This the King of Betting Stocks?
- DraftKings' fourth-quarter earnings impressed Wall Street across the board.
- 03/01/2023
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5 Big Earning Beats Making These Stocks a Buy
- When a company beats earnings estimates, investors often pile into it. But not all earnings beats are created equal.
- 02/23/2023
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DraftKings' Blowout Q4 Is Just the Beginning for This Stock
- The sports betting business hasn't even penetrated the country's biggest markets yet.
- 02/23/2023
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DraftKings gets a price target raise to $30 from $28 from Canaccord as operational execution drives outlook
- Analysts at Canaccord Genuity (TSX:CF, LSE:CF) Group Inc raised their price target on Draftkings Inc (NASDAQ:DKNG) shares to $30 from $28, citing strong operational execution which had anchored fourth quarter results and a promising outlook. The pandemic-era meme stock currently trades around $19.92 on the tech-dominated Nasdaq.
- 02/21/2023
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Canaccord raises DraftKings price target to $30 from $28, citing strong operational execution driving outlook
- Analysts at Canaccord Genuity (TSX:CF, LSE:CF) Group Inc raised their price target on Draftkings Inc (NASDAQ:DKNG) shares to $30 from $28, citing strong operational execution which had anchored fourth quarter results and a promising outlook. The pandemic-era meme stock currently trades around $19.92 on the tech-dominated Nasdaq.
- 02/21/2023
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DraftKings (DKNG) Surges Post Earnings: ETFs in Focus
- Sports-betting company DraftKings (DKNG) shares jumped considerably post earnings.
- 02/21/2023
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The Real Super Bowl Winner: DraftKings
- Sportsbook giant DraftKings (NASDAQ: DKNG) was up 18% in early trading on Friday following strong earnings results, logging huge wins on revenue, repeat customers, and cost-cutting.
- 02/21/2023
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DraftKings Stock Soars After Earnings. Should You Buy Now?
- DraftKings reported shrinking losses in its recent quarterly update.
- 02/20/2023
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Investors Bet on DraftKings as 28% Rally Leads CE 100 Higher
- Leisure and travel names showed serious stock market gains this past week. The CE 100 Index gained 2% last week — driven by the “Have Fun” pillar, which led advancing issues — as earnings season continued to dominate headlines and investor sentiment.
- 02/20/2023
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Up 80%, Is This Supercharged Growth Stock Still a Buy?
- This red-hot growth stock should have a lot more room to run over the long haul.
- 02/18/2023
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Why DraftKings Stock Surged Today
- Investors applauded the sportsbook operator's sharpened focus on efficiency and profitability.
- 02/17/2023
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DraftKings Focused on Becoming More Efficient, CEO Says
- DraftKings CEO and Chair Jason Robins says the company is focused on finding ways to cut costs and grow revenue. He speaks with Sonali Basak and Romaine Bostick on "Bloomberg Markets: The Close.
- 02/17/2023
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DraftKings Inc. (DKNG) Q4 2022 Earnings Call Transcript
- DraftKings Inc. (NASDAQ:DKNG ) Q4 2022 Results Conference Call February 17, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chief Executive Officer and Chairman Jason Park - Chief Financial Officer Conference Call Participants Shaun Kelley - Bank of America David Katz - Jefferies Jason Bazinet - Citi Carlo Santarelli - Deutsche Bank Ed Young - Morgan Stanley Jed Kelly - Oppenheimer Robert Fishman - MoffettNathanson Clark Lampen - BTIG Ben Chaiken - Credit Suisse Michael Graham - Canaccord Genuity Bernie McTernan - Needham & Company Ryan Sigdahl - Craig-Hallum Dan Politzer - Wells Fargo Brandt Montour - Barclays Joe Stauff - SIG Chad Beynon - Macquarie Robin Farley - UBS Joe Greff - JPMorgan Operator Good day and thank you for standing by. Welcome to the Fourth Quarter 2022 DraftKings Earnings Conference Call.
- 02/17/2023
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5 Investors Betting Big on DraftKings (DKNG) Stock Right Now
- Shares of DraftKings (NASDAQ: DKNG ) stock are up by about 15% after the sports betting company released its fourth-quarter earnings and raised its 2023 revenue guidance. DraftKings now expects revenue between $2.85 billion and $3.05 billion for 2023, up from the previous guidance of between $2.8 billion and $3 billion.
- 02/17/2023
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Super Bowl Weekend a Touchdown for DraftKings
- DraftKings was the No. 1 most downloaded sportsbook during Super Bowl LVII.
- 02/17/2023
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DraftKings stock rises on Q4 earnings beat, raised 2023 revenue guidance
- Yahoo Finance Live anchors Julie Hyman, Brad Smith, and Brian Sozzi discuss the rise in stock for DraftKings following fourth-quarter earnings.
- 02/17/2023
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DraftKings stock surges after sports-betting company boosts outlook
- DraftKings jumped after the sports betting company reported stronger than expected revenue and raised its outlook.
- 02/17/2023
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DraftKings stock is up 20% on Friday: explained here
- DraftKings Inc (NASDAQ: DKNG) is up nearly 20% this morning after reporting strong results for its fourth financial quarter. DraftKings' guidance for the full year The sports betting company also expects its financial performance to remain strong as it continues to penetrate new states.
- 02/17/2023
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DraftKings' stock rockets as earnings ‘send a powerful message'
- Shares of DraftKings Inc. were surging 15% in Friday trading after the sports-betting company pleased investors with its talk of efficiency.
- 02/17/2023
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DraftKings Crowning Achievement: Leverage
- DraftKings (NASDAQ: DKNG) Q4 report was everything the market could have hoped for and more. Adding new jurisdictions, deepening penetration and increasing monetization have given the company leverage and shortened the time until profitability.
- 02/17/2023
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DraftKings stock gains after record revenue and increased 2023 guidance
- DraftKings Inc. cleared $800 million in revenue in the fourth quarter, a new record just one quarter after topping $500 million for the first time, as the online-gambling company's move into new states continues to boost sales.
- 02/17/2023
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Markets Head South on 50 bps Rhetoric from Fed Members
- Also, we see quarterly revenue beats this afternoon from AMAT, DASH and DKNG.
- 02/16/2023
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These 2 Stocks Just Paid Off for Smart Investors
- The stock market dropped sharply, but good news from these companies lifted their shares.
- 02/16/2023
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DraftKings (DKNG) Reports Q4 Loss, Tops Revenue Estimates
- DraftKings (DKNG) delivered earnings and revenue surprises of 14.52% and 6.83%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/16/2023
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Stocks moving in after hours: Applied Materials, DraftKings, Redfin
- Yahoo Finance Live's Seana Smith looks at several stocks trending in the after-hours trading session.
- 02/16/2023
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DraftKings' losses narrower than expected, company raises guidance
- CNBC's Pippa Stevens joins 'Closing Bell: Overtime' to report on DraftKings earnings.
- 02/16/2023
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DraftKings shares pop on 4Q revenue beat and improved 2023 guidance
- Draftkings Inc (NASDAQ:DKNG) shares have jumped in after-hours trading as the digital sports entertainment and gaming company posted a fourth-quarter revenue beat and raised its fiscal 2023 guidance. DraftKings stock had added 6.3% at US$18.94 shortly after the release of its results.
- 02/16/2023
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Trading Strategies For DraftKings Stock Before And After Q4 Earnings - DraftKings (NASDAQ:DKNG)
- DraftKings, Inc DKNG was trading about 2.6% higher Thursday as the company heads into its fourth-quarter earnings print after the close.
- 02/16/2023
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DraftKings route to profitability will be in spotlight as it reports on 4Q
- Grid-iron and grid-lock will be talking points as investors in Draftkings Inc (NASDAQ:DKNG) later today look for color commentary into the ongoing state-by-state opening of legal sports betting. Perhaps more pertinent will be guidance on DraftKing's route to profitability, according to stockbroker Canaccord, which also sees the recent NFL playoff and Superbowl results as a boon for the bookie.
- 02/16/2023
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DraftKings stock boosted as sports betting industry reports gross gaming revenue high in 2022
- Yahoo Finance's Josh Schafer breaks down the sports betting industry's reported gross gaming revenue and its tailwinds for betting platforms, including DraftKings.
- 02/15/2023
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Is a Surprise Coming for DraftKings (DKNG) This Earnings Season?
- DraftKings (DKNG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/15/2023
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Sports betting: iGaming ‘really moves the needle,' analyst says
- Citizens Capital Markets Head of Gaming & Leisure Investment Banking Christopher Lynch joins Yahoo Finance Live to discuss U.S. sports betting following Sunday night's Super Bowl LVII, betting trends, customer acquisitions, and the outlook for sports betting.
- 02/13/2023
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DraftKings (DKNG) to Report Q4 Earnings: What's in Store?
- DraftKings' (DKNG) fourth-quarter 2022 performance is likely to have benefited from the robust demand for mobile sports betting and expansion efforts in new states.
- 02/13/2023
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Super Bowl betting sets records for sportsbooks
- The Super Bowl matchup between the Chiefs and the Eagles proved to be a huge night for gamblers and sportsbooks.
- 02/13/2023
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Why You Should Ignore the Sports Betting Hype at This Year's Super Bowl
- Rob Gronkowski is one of the biggest names in football. Only one season removed from his playing career, Gronkowski has built a reputation as one of the most formidable tight ends in the history of the sport, thanks in no small part to teammate Tom Brady.
- 02/12/2023
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DraftKings CEO explains what Super Bowl means for the company
- DraftKings Inc (NASDAQ: DKNG) has been a story of sheer strength in recent weeks and that strength, as per its chief executive, will only continue moving forward. Super Bowl will be a big event for DKNG CEO Jason Robins is convinced that the sports betting company will greatly benefit from “Super Bowl” this Sunday.
- 02/11/2023
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Super Bowl betting with Draft Kings CEO: ‘this will be our biggest Super Bowl ever'
- DraftKings CEO Jason Robins joins Yahoo Finance Live anchors Dave Briggs and Seana Smith to discuss the sports betting operator's position ahead of the Super Bowl this Sunday, the multitude of types of bets customers can make, live betting trends, and the outlook for legalized gaming across the U.S.
- 02/11/2023
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2 Stocks for Super Bowl Sunday
- So is there a way to invest in the Super Bowl?
- 02/11/2023
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Restaurant Investors Might Have Something New on the Menu
- Plus, a look at the business of gambling.
- 02/11/2023
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Roth Capital Downgrades DraftKings
- On February 9, 2023, Roth Capital downgraded their outlook for Draftkings from Neutral to Sell.
- 02/10/2023
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Sports Betting Stock Eyes Superbowl Week
- It's going to be a big week for DraftKings, between the Super Bowl and then earnings
- 02/10/2023
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Should You Invest in Super Bowl Weekend?
- Super Bowl LVII is this Sunday, with the Kansas City Chiefs and the Philadelphia Eagles vying for the championship.
- 02/10/2023
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3 Outperforming Stocks Partying Like It's 2020
- Some stocks partied like rock stars coming off the March 2020 market bottom. As doomsday pandemic fears faded, it was the most risky (and often least profitable) companies that took center stage.
- 02/09/2023
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Super Bowl LVII dubbed ‘Betting Bowl or Beer Bowl' amid Molson Coors-DraftKings team-up: Brand VPs
- This segment originally aired on February 6, 2023. Miller Family of Brands Global VP Sofia Colucci and Coors Family of Brands Global VP Marcelo Pascoa talk about the partnership between Molson Cooks and DraftKings for the Super Bowl.
- 02/06/2023
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2023 Layoffs: Okta Slashes 300 Jobs As DraftKings, FedEx Cut Staff
- Major U.S. companies laid off more than 81,000 employees in January.
- 02/02/2023
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DraftKings Layoffs 2023: What to Know About the Latest DKNG Job Cuts
- The hiring spree we saw many tech companies including DraftKings (NASDAQ: DKNG ) undertake following the pandemic has sharply reversed. News of DraftKings layoffs today is the latest in a string of reorganizations across this sector.
- 02/01/2023
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DraftKings cuts 140 jobs as part of reorganization
- DraftKings, one of the leading sports-betting companies, said it is eliminating jobs as part of a reorganization.
- 02/01/2023
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Molson Coors and DraftKings team up to let fans bet on 'high stakes' Super Bowl ad
- The brands said they're offering viewers a piece of a $500,000 prize pool for correctly predicting the contents of the beer maker's Super Bowl commercial.
- 01/30/2023
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NFL agent Drew Rosenhaus discusses sports betting
- Drew Rosenhaus, NFL agent, joins 'Squawk on the Street' to discuss his thoughts on sports betting heading into the Super Bowl.
- 01/30/2023
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DraftKings partners with Molson Coors for upcoming Super Bowl ad
- Yahoo Finance Live takes a look at DraftKings and Molson Coors' planned Super Bowl partnership.
- 01/27/2023
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DraftKings to Release Fourth Quarter and Full Year 2022 Results on February 16, 2023, and Host Conference Call on February 17, 2023
- BOSTON, Jan. 27, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2022 results after the close of market trading on Thursday, February 16, 2023.
- 01/27/2023
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DraftKings: Betting On A Fed Pivot
- DKNG outperformed the S&P 500 recently, staging a stunning recovery from its December lows. Risk-on sentiments return as investors kick off 2023, propelling previously unprofitable stocks like DKNG.
- 01/23/2023
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DraftKings: Scaling Nicely
- Shares of DraftKings are in rebound mode, though the stock is still down more than 30% over the past year. Despite being a household name already, DraftKings still only operates in one-third of the U.S., and revenue growth is north of 2x y/y.
- 01/22/2023
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Cathie Wood Is Crushing It This Year Thanks To 9 Stocks
- Cathie Wood's ARK Innovation ETF is back — and back big. It's the top diversified ETF again this year so far, largely due to big winners.
- 01/20/2023
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DraftKings Could Buck Growth Estimates. Here's How
- DraftKings' historical growth rates could slow, and so the argument becomes how much growth deceleration can investors tolerate, and is it trading at a discount? There's a disconnect between Wall Street and Main Street when valuing DraftKings, as sports betting is difficult to understand, and value.
- 01/17/2023
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Wall Street Thinks DraftKings Stock Has 45% Upside. Should You Buy?
- Sports betting has a lot of momentum, but it remains to be seen whether DraftKings can actually make money from it.
- 01/13/2023
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DraftKings Insiders Are Betting Big on DKNG Stock
- Shares of DraftKings (NASDAQ: DKNG ) are in full focus following three exercise-and-hold transactions of DKNG stock options by three executives, including CEO Jason Robins. To kick off the New Year, DraftKings announced in December that it would begin hosting its sportsbook services in Ohio starting on Jan. 1.
- 01/06/2023
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
- The growth-focused money manager is making moves as 2022 comes to a close.
- 12/30/2022
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DraftKings: Okay, Game On, Here's The Point Spread: 100 To 1 Says Sell
- By many reasonable measures, DraftKings won't turn profitable, or break even for at least another year or two. Surprise, surprise. Regardless of what you paid, mainly for sales growth, DraftKings stock is not now ever poised to reach anywhere near its $72 high.
- 12/21/2022
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DraftKings Must Figure Out Its Margin Issues Before It's Too Late
- DraftKings Inc. is faced with large competitors, more equipped to effectively scale an online gaming platform. The primary revenue driver for DraftKings is their online sportsbook, a notoriously low-margin industry.
- 12/19/2022
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DraftKings stock receives downgrade from Buy to Neutral
- Yahoo Finance Live anchors Josh Schafer, Jared Blikre and Seana Smith discuss DraftKings shares after the sports betting company received a stock downgrade from Roth Capital.
- 12/12/2022
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DraftKings stock jumps after deal with Churchill Downs to launch horse race betting app ahead of the Kentucky Derby
- Shares of DraftKings Inc. DKNG, -4.23% jumped 2.3% in premarket trading Tuesday, after the online sports betting and fantasy sports company and Churchill Downs Inc. CHDN, -1.01% announced a multi-year agreement that will bring betting on horse racing to DraftKings. Churchhill Downs' stock was inactive in the premarket.
- 11/29/2022
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JPM downgrades DraftKings citing ‘risk to profitability'
- Yahoo Finance Live anchors Dave Briggs, Jared Blikre and Josh Schafer discuss J.P. Morgan's stock downgrade to DraftKings shares.
- 11/28/2022
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DraftKings stock sinks after J.P. Morgan turns bearish, PENN Entertainment also downgraded
- Shares of DraftKings Inc. DKNG, -1.30% dropped 5.9% in premarket trading Monday, after J.P. Morgan analyst Joseph Greff turned bearish on the online sports betting and fantasy sports company, saying he sees a "longer runway and more risk" to achieving online-sports-betting (OSB) profitability than peers.
- 11/28/2022
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Down 46%, is DraftKings Stock Finally a Buy?
- Shares in the online betting company are not as cheap as they look on the surface.
- 11/22/2022
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DraftKings investigates reports of hacked accounts
- Yahoo Finance sports reporter Josh Schafer details reports of DraftKings users' accounts being hacked.
- 11/21/2022
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DraftKings says login information of some customers was compromised
- Sports-betting firm DraftKings Inc said on Monday login information of some customers was compromised on other websites.
- 11/21/2022
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Why Is DraftKings (DKNG) Stock Down 10% Today?
- As markets continue to wade into negative territory, investors have little reason to feel bullish today. However, for investors in DraftKings (NASDAQ: DKNG ) stock, there are even more reasons for concern right now.
- 11/21/2022
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DraftKings says no evidence systems were breached following report of a hack
- The company said it has identified less than $300,000 of customer funds that were affected by unusual activity.
- 11/21/2022
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DraftKings stock falls after report cites cases of unauthorized account withdrawals
- Shares of DraftKings Inc. DKNG, -6.58% were off 8% in afternoon trading Monday after an Action Network report highlighted customer stories of weekend instances in which they said money left their accounts without their permission. In one reported instance, a customer saw a series of unauthorized withdrawals from the bank card that he uses for his deposits, while in another, a customer saw a withdrawal from his DraftKings account that he didn't authorize.
- 11/21/2022
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DraftKings (DKNG) Set to Launch Online Sportsbook in Maryland
- DraftKings (DKNG) to launch its online sportsbook in Maryland on Nov 23
- 11/21/2022
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DraftKings Stock Turns Sharply Lower: What's Going On? - DraftKings (NASDAQ:DKNG)
- DraftKings Inc (NASDAQ: DKNG) shares are trading lower Monday following reports that user accounts on the company's platform have been hacked. DraftKings took to Twitter late Sunday to
- 11/21/2022
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Oppenheimer bets big on DraftKings ahead of earnings next week, upping its price target to $80
- Jed Kelly of Oppenheimer explains why he jumped his DraftKings price target to $80 from $65. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Jeff Mills and Nadine Terman.
- 11/19/2022
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Jim Cramer on Cathie Wood buying $42 million in DraftKings after Hindenburg short position
- Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research had taken a short position against the stock. CNBC's Jim Cramer and Scott Wapner discuss.
- 11/19/2022
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Big bets on sports gambling today, as DraftKings surges
- Shares of DraftKings make their biggest move since March. With CNBC's Courtney Reagan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Nadine Terman.
- 11/19/2022
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Cramer says he still likes stocks of DraftKings, Penn National despite post-earnings dips
- Although DraftKings and Penn National Gaming both initially sold off after their earnings reports, "Mad Money" host Jim Cramer said he still is a fan of the stocks.
- 11/19/2022
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This sports betting stock could rally up to 40%: Piper Sandler
- DraftKings Inc (NASDAQ: DKNG) has been a pain for its shareholders this year but a Piper Sandler analyst says it'll be a different story for those who buy it here.
- 11/18/2022
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DraftKings Stock Price Represents 'Attractive Long-Term Entry Point,' Analyst Says
- DraftKings stock is initiated at Overweight by analysts at Piper Sandler.
- 11/18/2022
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Why DraftKings Stock Gained Ground This Morning
- Things are looking up for the online betting platform.
- 11/18/2022
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What's Going on With DraftKings Stock?
- The mobile gambling business is expanding into new markets and increasing its focus on profitability.
- 11/16/2022
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DraftKings: Earnings Selloff Meets The Bullish Reversal
- DraftKings buyers are attempting to reverse the post-earnings selloff last week, sending short-sellers into a massive covering rally. The Fed's painful rate hikes could be nearing their end. Management remains confident in its path toward profitability. However, its revised outlook didn't impress the market, as the market had anticipated better execution.
- 11/10/2022
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Analysts Rate DraftKings a Moderate Buy As Growth Slows
- DraftKings share price continues to slip, even with a revenue beat and fewer losses than expected, and analysts have rated the stock a moderate Buy.
- 11/10/2022
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Why DraftKings Shares Are Down More Than 7% on Wednesday
- The nation's interest in legalizing sports wagering may not be as firm as once believed.
- 11/09/2022
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7 Meme Stocks Smart Investors Shouldn't Touch With a 10-Foot Pole
- Meme stocks represented one of the most remarkable developments in the equities space during much of the new normal. However, by 2022, this sector received a very rude awakening.
- 11/09/2022
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FanDuel and DraftKings' supercharged growth explained
- The last half decade has seen astonishing growth for US sportsbooks as America takes the stabilisers off sports gambling US Sports betting has flourished since 2018 when the ‘Bradley Act' that had outlawed most gambling nationwide was repealed. Cut to 2022 and FanDuel and DraftKings are rampant all over the US garnering huge market caps, with growth that doesn't appear to be slowing.
- 11/09/2022
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Sports Betting is as Big as Ever: Why is DraftKings Still Falling?
- DraftKings (NASDAQ: DKNG) saw its disappointing year continue with another earnings report that did not sit well with investors.
- 11/06/2022
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Is DraftKings Stock a Buy After Q3 Earnings?
- DraftKings stock was down 28% on the day it announced earnings results.
- 11/05/2022
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DraftKings CEO says the company was 'very pleased' with its user growth in latest quarter
- Cramer spoke with DraftKings CEO Jason Robins on Friday.
- 11/04/2022
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Why DraftKings Stock Plunged Today
- Slower projected growth spooked shareholders.
- 11/04/2022
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DraftKings shares tumble after monthly users fall short of estimates
- DraftKings stock fell as much as 26% on Friday despite the sports betting company posting higher-than-expected revenue for its third-quarter earnings report.
- 11/04/2022
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DraftKings sink as sports better user growth under goes a slowdown
- Yahoo Finance Live anchors Seana Smith, Jared Blikre and Rachell Akuffo takes a look at DraftKings shares amid slowing growth within the online sports gambling space.
- 11/04/2022
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DraftKings CEO: Investors missing a good bet
- DraftKings CEO Jason Robins weighed in on the fantasy sports contest and sports betting company's stock dropping Friday after it reported its quarterly earnings.
- 11/04/2022
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Friday's three stock lunch: DKNG, SBUX and SQ
- Boris Schlossberg, managing director of FX strategy at BK Asset Management, joins ''Power Lunch" to share his three stock lunch picks: DraftKings, Starbucks, and Block Inc.
- 11/04/2022
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DraftKings shares tumbles after monthly users fall short of estimates
- DraftKings stock fell as much as 26% Friday despite the sports betting company posting higher-than-expected revenue for its third quarter earnings report.
- 11/04/2022
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DraftKings stock heads for worst day on record as patience with losses ‘remains thin'
- Shares of DraftKings Inc. were headed for their worst daily performance on record Friday after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of profits.
- 11/04/2022
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DraftKings stock slides on third-quarter earnings
- Yahoo Finance Live anchors discuss stock performance for DraftKings following third-quarter earnings.
- 11/04/2022
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DraftKings Inc. (DKNG) Q3 2022 Earnings Call Transcript
- DraftKings Inc. (NASDAQ:DKNG ) Q3 2022 Earnings Conference Call November 4, 2022 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chief Executive Officer and Chairman Jason Park - Chief Financial Officer Conference Call Participants David Katz - Jefferies Shaun Kelley - Bank of America Edward Young - Morgan Stanley Jason Bazinet - Citigroup Jed Kelly - Oppenheimer Carlo Santarelli - Deutsche Bank Michael Graham - Canaccord Genuity Bernie McTernan - Needham & Company Ryan Sigdahl - Craig-Hallum Capital Joseph Stauff - Susquehanna Financial Group Jordan Bender - JMP Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the DraftKings Q3 2022 Earnings Call. [Operator Instructions] I would now like to turn the call over to your host, Stanton Dodge, Chief Legal Officer.
- 11/04/2022
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DraftKings Stock Heading for Worst Day of 2022
- DraftKings Inc (NASDAQ:DKNG) is down 23.6% to trade at $11.98, despite the sports betting company reporting better-than-expected third-quarter results and raising its revenue outlook.
- 11/04/2022
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What made DraftKings stock tank 25% on Friday?
- DraftKings Inc (NASDAQ: DKNG) reported better-than-expected results for its fiscal third quarter on Friday and issued encouraging guidance for the future. Shares still tanked nearly 25%.
- 11/04/2022
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PayPal's Falling, but This Nasdaq Stock Looks Like an Even Worse Bet
- Even with markets moving higher, these two stocks see challenges ahead.
- 11/04/2022
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DraftKings (DKNG) Reports Q3 Loss, Tops Revenue Estimates
- DraftKings (DKNG) delivered earnings and revenue surprises of 6.54% and 15.07%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/04/2022
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DraftKings loss narrows to $450 million, stock falls after earnings
- Shares of DraftKings Inc. DKNG, -1.57% were falling more than 10% in premarket trading Friday, though the company beat with its revenue in the latest quarter and saw its losses narrow. The company posted a third-quarter net loss of $450.5 million, or $1.00 a share.
- 11/04/2022
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DraftKings Q3 Preview: Double-Digit Earnings Growth in Store?
- Over the last three months, DraftKings shares have outperformed the S&P 500 by a fair margin, indicating that buyers have finally stepped up and the selling has slowed.
- 11/03/2022
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DraftKings (DKNG) to Report Q3 Earnings: What's in Store?
- DraftKings' (DKNG) third-quarter 2022 performance is likely to have benefited from the robust demand for mobile sports betting and expansion efforts in new states.
- 11/01/2022
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7 Stocks to Buy Before the Window of Opportunity Slams Shut
- Investors should be looking for the top stocks to buy in the current bear market. The chances of finding a good deal increase during hard economic times when there's blood on the streets.
- 10/20/2022
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DraftKings Investors Need to Circle This Crucial Date in November
- The mobile sports betting company will know if it can gain access to a massive market.
- 10/19/2022
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5 Investors Betting Big on DraftKings, And Why You Should Too
- Who's investing in sports wagering company DraftKings (NASDAQ: DKNG )? Plenty of retail traders, sure, but also some big banks and even a firm led by the one and only Cathie Wood.
- 10/19/2022
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DraftKings to Release Third Quarter 2022 Results November 4
- BOSTON, Oct. 14, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its third quarter 2022 results prior to 8:30AM EDT on November 4, 2022.
- 10/14/2022
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DraftKings Faces Competition and Opposition to California Sports Betting. Is the Stock a Buy?
- Redburn analyst Andrew Tam initiates coverage of the stock with a Neutral rating.
- 10/12/2022
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Why DraftKings Stock Was a Losing Bet Today
- The company is apparently headed for defeat in a big U.S. state's November voter proposition.
- 10/11/2022
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DraftKings, FanDuel pull ad spending in California over Prop 27 vote
- Sports reporter Josh Schafer outlines how sports betting sites are reacting to California's vote on Prop 27, as well as how China's COVID-19 lockdowns are still impacting casino stocks.
- 10/10/2022
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DraftKings: Sell On Non-Existent Profitability
- DraftKings shares are down some 40% year to date, and 75% from all-time highs. But in my opinion, the shares are still far from attractively valued. Investors should consider non-existent net profitability and strong industry competition.
- 10/10/2022
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Why Disney Deal Makes DKNG Stock a Worthy Wager
- It's no exaggeration to say that DraftKings (NASDAQ: DKNG ) is on a roll lately. The sports wagering company already established a multi-year collaboration with Amazon (NASDAQ: AMZN ).
- 10/10/2022
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DraftKings Jumps After Reportedly Scoring Deal With ESPN
- ESPN reaches hundreds of millions of sports fans, a critical demographic for DraftKings' services.
- 10/10/2022
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Is DraftKings a good stock to buy after Disney deal reports?
- DraftKings Inc. (NASDAQ:DKNG) extended gains by more than 5% on Friday after positive reports. Different news sources indicated that the sports-betting firm was close to a huge deal with Walt Disney's ESPN.
- 10/07/2022
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DraftKings shares jump on ESPN brand partnership reports
- Fantasy sports contest and sports betting company DraftKings, which has a "great, long-standing relationship with Walt Disney unit ESPN", told FOX Business it speaks to a variety of companies on a regular basis and does not comment on those conversations.
- 10/07/2022
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DraftKings stock jumps on potential deal with ESPN
- Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman discuss the rise in stock for DraftKings after reports surface that the sports betting company is working towards closing a deal with ESPN.
- 10/07/2022
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Options Traders Bet on DraftKings Amid Disney Deal Rumors
- DraftKings Inc (NASDAQ:DKNG) is up 2.9% at $16.50 at last check, amid reports that the company is getting close to inking a partnership with Walt Disney's (DIS) ESPN.
- 10/07/2022
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Disney's ESPN is aiming for a potential pact with DraftKings. The better bet for investors is FanDuel, which has a few aces in the hole
- It can be maddening when other people don't see the world the way we do. In the stock market, this kind of misalignment can be a source of great wealth.
- 10/07/2022
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DraftKings (DKNG) Stock Climbs on ESPN Partnership News
- DraftKings (NASDAQ: DKNG ) stock is rising on Friday as investors react to reports of a new partnership with EPSN. According to Reuters , ESPN is close to signing a deal with DraftKings that will promote legalized sports betting through its services.
- 10/07/2022
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DraftKings Shares Spike On Reports Of Multibillion-Dollar Deal With ESPN—Here's Why It's A Big Deal For Disney
- DraftKings may rename its sportsbook to include ESPN and pay the Disney subsidiary as much as $3 billion, according to Action Network.
- 10/07/2022
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DraftKings Stock Pops on Report of Partnership With ESPN
- The deal would integrate betting odds with broadcasts and see a sportsbook rebrand with the ESPN name, according to a report.
- 10/07/2022
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DraftKings stock jumps on report of partnership with ESPN
- DraftKings DKNG, -3.95% is close to signing an exclusive partnership with sports network ESPN, according to a report from The Action Network, sending shares 7.9% higher after hours. The terms of the deal between the sports-betting platform and sport-media giant are not yet clear.
- 10/06/2022
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Fundamentals in the gaming sector are actually quite strong, says Houlihan Lokey's Simkins
- Joel Simkins, Houlihan Lokey managing director, joins 'Power Lunch' to discuss how gaming companies are doing, how current debt levels will affect M&A in the gaming space and companies that are well-situated for rising rates in the future.
- 10/06/2022
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7 Growth Stocks to Buy Before the Bull Market Returns
- In this market slowdown there appear to be fewer growth stocks to buy, but patience will be rewarded. It's been a forgettable year, to say the least, for equity investors.
- 09/28/2022
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DraftKings ‘has enough cash on the balance sheet' to acquire costumers: Strategist
- Needham & Company Managing Director Bernie McTernan joins Yahoo Finance Live to discuss the score on sports betting companies during the NFL season.
- 09/26/2022
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Why Shares of Beyond Meat, DraftKings, and Allbirds Cratered This Week
- The latest interest rate hike came with an unexpected casualty.
- 09/22/2022
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Sports Betting Record: What Does it Mean for the Industry?
- With football season starting up, there has been a huge increase in sports betting in the last week. From last Thursday-Sunday, this betting was up an incredible 72% year-over-year!
- 09/20/2022
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5 Top Stocks Cathie Wood Is Buying Right Now
- It's been a difficult year for Cathie Wood stocks and exchange-traded funds, as the ARK Innovation ETF (NYSEARCA: ARKK ) has lost over 50% of its market capitalization. The losses have been driven by supply chain inefficiencies, inflation, and subsequent interest hikes to combat inflation.
- 09/19/2022
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7 Growth Stocks to Buy for Big Gains in Q4
- For short-to-medium-term investors, the markets are at an interesting point. Historically, September has been the worst-performing month for the S&P 500 in terms of average returns.
- 09/15/2022
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5 Stocks Cathie Wood Just Bought on the Dip
- Source: rhendrikdwenz via Shutterstock Aggressive growth fund manager Cathie Wood is among the most-watched investors in the game right now. Known for her big bets on innovation, Wood has transformed how many investors think about positioning portfolios.
- 09/14/2022
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When Will Cathie Wood Stop Buying DraftKings Stock?
- Ark Invest has bought shares of the online wagering specialist for seven straight trading days.
- 09/14/2022
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The Lucrative Sports Betting Boom Has Begun
- Source: sutadimages / Shutterstock There's always a bull market somewhere. And right now, the biggest bull market on Wall Street is happening in the sports betting world.
- 09/13/2022
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DraftKings CEO reveals NFL's biggest betting game of week one
- DraftKings chairman and CEO Jason Robins discusses how much action his gaming site saw after a wild NFL weekend on 'The Claman Countdown.' Subscribe to Fox Business!
- 09/13/2022
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Underdogs Had a Good NFL Week 1. DraftKings Stands to Benefit.
- There was a wave of underdog victories in NFL Week 1. DraftKings and other online sports betting companies could be the beneficiaries.
- 09/12/2022
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DraftKings (NASDAQ:DKNG), UiPath (NYSE:PATH) – Cathie Wood Adds Over $1.2M In UiPath Shares, Piles Into This Sports Betting Stock As Well
- Cathie Wood-led Ark Investment Management bought over 87,000 shares of software company UiPath Inc (NYSE: PATH) on Friday, valued at over $1.2 million based on the day's closing price.
- 09/11/2022
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3 Nasdaq Stocks to Sell Now
- In light of the market's recent performance, you may be wondering what Nasdaq stocks to sell to reduce losses. While these types of stocks (as measured by the Nasdaq Composite) have already been hit hard year-to-date, it's unclear whether a “bottoming out” has finally happened.
- 09/11/2022
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5 Top Stocks Cathie Wood Is Buying This Week
- Shares of Cathie Wood's flagship exchange-traded fund (ETF), the ARK Innovation ETF (NYSEARCA: ARKK ), finished the week in the green, driven by gains in high-growth names and the overall market. However, two major catalysts loom on the horizon.
- 09/09/2022
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Cathie Wood Is Doubling Down on DraftKings (DKNG) Stock
- Over the past week, two of Cathie Wood's exchange-traded funds (ETFs) have purchased additional shares of DraftKings (NASDAQ: DKNG ) stock. DraftKings enables consumers to bet money on sports contests and casino games.
- 09/09/2022
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Cathie Wood Is Buying These Top Growth Stocks -- and Both Could Make You Richer Over Time
- When the popular growth-stock investor goes shopping, it pays to see what's in her cart.
- 09/09/2022
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DraftKings CEO Jason Robins on upcoming NFL betting season, path to profitability
- DraftKings CEO Jason Robins joins CNBC's 'Squawk Box' ahead of the NFL season to discuss the company's growth forecast and its path to profitability.
- 09/08/2022
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
- The best-known growth ETF money manager is making moves. Let's check out her shopping list.
- 09/07/2022
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DraftKings: Be Patient And Don't Rush To Buy Now
- DKNG has pulled back 30% from its August highs after surging nearly 60% from its May lows. We posited in our previous update that DKNG has likely bottomed, which materialized. DraftKings' Q2 release demonstrated that the company could navigate challenging macro headwinds well, vindicating management's confidence in its previous commentary.
- 09/04/2022
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DraftKings: Keep Buying While It's Low
- Shares of DraftKings remain down more than 40% year to date as investors have shed growth stocks in favor of safety. This is in spite of a plethora of fundamental catalysts for DraftKings, including legalization of sports betting in New York and the California ballot measure this November.
- 09/04/2022
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Prediction: These Could Be the Best Growth Stocks in 2030
- As hockey great Wayne Gretzky put it, you should "skate to where the puck is going to be, not where it has been."
- 09/04/2022
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7 of Cathie Wood's Favorite Stocks to Buy Now
- During the pandemic years, Cathie Wood's favorite stocks became massive wealth-builders. Her tech-heavy representative ARK Innovation ETF (NYSEARCA: ARKK ) increased in value by more than 10% in a single day.
- 09/01/2022
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Is DraftKings Stock a Buy?
- The stock is relatively cheap, but that isn't necessarily enough to make it worth purchasing.
- 08/30/2022
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9 Key Meme Stocks To Run Out Of Money In Less Than 2 Years
- If you think investing in "meme stocks" is like playing a game of musical chairs, you might be surprised at how quickly the music might stop. The post 9 Key Meme Stocks To Run Out Of Money In Less Than 2 Years appeared first on Investor's Business Daily.
- 08/30/2022
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The 3 Best Sports Betting Stocks to Buy Now
- There are a wealth of companies to choose from when you're looking for the best sports betting stocks. Sports betting stocks have been one of the more compelling investment options for investors since 2018.
- 08/26/2022
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5 Cathie Wood Stocks Signaling “The Bear Market Is Over”
- This article is excerpted from Tom Yeung's Profit & Protection newsletter dated Aug. 16, 2022. To make sure you don't miss any of Tom's picks, subscribe to his mailing list here.
- 08/22/2022
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Buy, Sell or Hold: The 7 Biggest Analyst Calls of Last Week
- While the biggest analyst calls garner the most attention, “buy,” “sell” and “hold” ratings from analysts are not always a good source for investors. The reason is simple.
- 08/16/2022
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Why inflation and recessions are no match for DraftKings: CEO
- DraftKings CEO Jason Robins discusses the current state of inflation in the economy and the effect that it's having on his business and the sport-gaming industry as a whole. Robins joined Yahoo Finance Live on Aug 5, 2022.
- 08/14/2022
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Stocks to watch in after hours: Peloton, Apple, DraftKings, Bed Bath & Beyond
- These are the top trending tickers on Yahoo Finance after-hours on Aug. 12.
- 08/12/2022
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DraftKings: Upside Move Blinks Caution Light, Not Fool's Gold Or 24k, Hold
- A high tide lifts all boats as the entire top tier of sports betting platforms move guidance higher. Too many DKNG fans conveniently forget that the company still operates in a crazy, crowded field of 14 competitors overspending on marketing.
- 08/12/2022
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Is Now the Time to Place a Bet on Casino Stocks?
- The S&P 500 index is up about 9% so far in the third quarter of this year, while the consumer discretionary sector is up about 19%.
- 08/10/2022
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A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
- DraftKings share price is ready to move higher following two positive news catalysts that have already sent shares up by double-digits.
- 08/10/2022
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Beyond Meat and DraftKings see a short-term spike – Here's why
- It seems that the short-squeeze shenanigans are back in town once again, attacking short positions across various stocks, not just
- 08/08/2022
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Why DraftKings Stock Jumped Today
- The online gambling industry is seemingly immune to inflation.
- 08/05/2022
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DraftKings CEO Says Gaming Is Resilient To Macroeconomic Conditions
- DraftKings Chairman and CEO Jason Robins discusses second-quarter performance, the outlook for online sports betting legalization in Massachusetts, and the upcoming National Football League season on "Bloomberg Markets" European Close."
- 08/05/2022
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DKNG Stock Takes Off as DraftKings Raises Guidance
- Source: Tada Images / Shutterstock.com DraftKings (NASDAQ: DKNG ) stock is trending on social media and in the financial press today after the company released second-quarter 2022 earnings data. DraftKings exceeded Wall Street's revenue and earnings expectations for the period.
- 08/05/2022
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Sports betting platform DraftKings wins more paid users in earnings beat, raises guidance
- Yahoo Finance Live anchors discuss DraftKings earnings, the sports betting platform's path toward profitability, and consumer loyalty. $DKNG
- 08/05/2022
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DraftKings Inc. (DKNG) CEO Jason Robins on Q2 2022 Results - Earnings Call Transcript
- DraftKings Inc. (NASDAQ:DKNG ) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chief Executive Officer & Chairman Jason Park - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Shaun Kelley - Bank of America Jason Bazinet - Citi David Katz - Jefferies Carlo Santarelli - Deutsche Bank Ed Young - Morgan Stanley Jed Kelly - Oppenheimer Joe Stauff - Susquehanna Daniel Politzer - Wells Fargo Joe Greff - JPMorgan Chad Beynon - Macquarie Robin Farley - UBS Bernie McTernan - Needham Brandt Montour - Barclays Jordan Bender - JMP Securities Operator Thank you for standing by. Welcome to the DraftKings' Q2 Earnings Conference Call.
- 08/05/2022
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DraftKings Sees 30% Rise in Monthly Payers
- DraftKings saw double-digit increases in monthly payers and revenue in the second quarter of this year, the sports wagering platform said in a Friday (Aug. 5) press release.
- 08/05/2022
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DraftKings (DKNG) Reports Q2 Loss, Tops Revenue Estimates
- DraftKings (DKNG) delivered earnings and revenue surprises of 42.53% and 6.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/05/2022
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DraftKings' Raises Forecast on Surprisingly Strong Customer Engagement. Stock Surges.
- The online sports betting platform boosts its revenue outlook for the year to between $2.08 billion and $2.18 billion.
- 08/05/2022
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DraftKings stock shoots up after narrower-than-expected loss, revenue that climbed above forecasts
- Shares of DraftKings Inc. DKNG, -2.73% shot up 9.4% toward a four-month high in premarket trading Friday, after the digital sports entertainment and gaming company reported a narrower-than-expected loss, revenue that rose above forecasts and lifted its full-year outlook, saying it is seeing "no perceivable impact" from broader macroeconomic pressures. The net loss narrowed to $217.1 million, or 50 cents a share, from $305.5 million, or 76 cents a share, in the year-ago period.
- 08/05/2022
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DraftKings, Zillow, Lyft, AMC and Other Stock Market Movers
- Stock futures were wavering Friday ahead of the closely watched U.S. jobs report.
- 08/05/2022
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DraftKings Stock Moves Lower Ahead of Earnings
- The shares of DraftKings Inc. (NASDAQ: DKNG) are in focus this morning, as the sports gambling staple prepares to step into the earnings confessional.
- 08/04/2022
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DraftKings (DKNG) to Report Q2 Earnings: What's in Store?
- DraftKings' (DKNG) second-quarter 2022 performance is likely to have benefited from the robust demand for mobile sports betting and expansion efforts in new states.
- 08/03/2022
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DraftKings Q2 Preview: Should Investors Bet on an EPS Beat?
- Online gambling has exploded over the last several years. Simply put, everybody wants to roll the dice.
- 08/02/2022
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Why Are Sports Betting Stocks DKNG, PDYPY, PENN Up Today?
- Sports betting stocks are in focus on Tuesday. That follows reports that Massachusetts is set to legalize sports gambling and online games.
- 08/02/2022
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DraftKings (DKNG) Expected to Beat Earnings Estimates: Should You Buy?
- DraftKings (DKNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/29/2022
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7 Growth Stocks Trading at a Huge Discount Right Now
- These seven growth stocks are trading at a discount after the recent market correction and can provide big returns in the next 12-24 months. The post 7 Growth Stocks Trading at a Huge Discount Right Now appeared first on InvestorPlace.
- 07/23/2022
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DraftKings: The Market Has Been Quietly Buying
- DraftKings is scheduled to report its Q2 earnings card on August 5. Given the recent macro headwinds, the market will likely parse management's updated guidance on its path to profitability. We observed that DKNG could be at a long-term bottom, as it held its May lows resiliently. Therefore, the price action is looking increasingly constructive.
- 07/16/2022
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Why Netflix, DraftKings, and Beyond Meat Are Soaring Today
- These former highfliers are bouncing back from dramatic six-month price drops thanks to some upbeat economic data.
- 07/15/2022
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Dear DKNG Stock Fans, Mark Your Calendars for Aug. 5
- DraftKings (DKNG) stock is on the rise Friday after the company revealed plans to release its upcoming earnings report on Aug. 5. The post Dear DKNG Stock Fans, Mark Your Calendars for Aug. 5 appeared first on InvestorPlace.
- 07/15/2022
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DraftKings to Release Second Quarter 2022 Results August 5
- BOSTON, July 15, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2022 results prior to 8:30AM EDT on August 5, 2022.
- 07/15/2022
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Snap and DraftKings Just Shared a Major Win. Which Stock Is the Better Buy?
- The news could change how DraftKings allocates its advertising budget in the future.
- 07/12/2022
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Why Roku, DraftKings, and Beyond Meat Fell Hard Today
- Investors are bracing for difficult earnings from these three consumer names.
- 07/11/2022
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The 3 Best SPACs to Own in 2022
- The mania collapsed, but there are a few old fan favorites still kicking. These are three best SPACs to own after this year's correction.
- 07/08/2022
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Better NFT Stock: DraftKings vs. GameStop
- The NFT marketplaces of both companies face challenges amid declining NFT sales.
- 07/02/2022
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Sports betting stocks: How companies like DraftKings, Caesars performed in June
- Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have seen huge interest.
- 07/01/2022
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2 Red-Hot Growth Stocks to Buy in 2022 and Beyond
- Economic concerns will likely not stop these growth stories.
- 06/29/2022
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DraftKings Lands New Bull as Profitability Nears. This Analyst Also Likes Penn.
- Analyst Jordan Bender of JPM securities rates both stocks at Outperform.
- 06/28/2022
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3 Best Sin Stocks to Buy Now
- Some investment theses are controversial but offer nice profit potential. These are some of best sin stocks to consider after the correction.
- 06/27/2022
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DraftKings: No Takers Taking A Run At The Stock Tells A Story
- DKNG should be a viable sitting duck for a major acquirer here, but nobody seems to want to deal with its ballooning marketing costs. At its current rate of spend, it's hard to see the company turning profitable anytime soon.
- 06/24/2022
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Three Stock Lunch: SNOW, DKNG & ABNB
- Boris Schlossberg of BK Asset Management, joins 'Power Lunch' to discuss three stocks: Snowflake, DraftKings and Airbnb.
- 06/23/2022
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7 Stocks Poised to Plunge if the ‘Everything Bubble' Pops
- A stock market bubble pop will send beaten up shares even lower as the valuation reset and business concerns worsen. The post 7 Stocks Poised to Plunge if the ‘Everything Bubble' Pops appeared first on InvestorPlace.
- 06/21/2022
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5 Growth Stocks to Buy After a 50% Correction
- These companies all have too much more to grow to be truly worth their current valuations. They are some of the best growth stocks to buy.
- 06/17/2022
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7 Cathie Wood Stocks That Could Make You Rich in the Long Term
- These Cathie Wood Stocks offers phenomenal massive upside potential over the long-term for patient investors. The post 7 Cathie Wood Stocks That Could Make You Rich in the Long Term appeared first on InvestorPlace.
- 06/16/2022
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Hedge Fund Tiger Legatus Is Shutting Down. It Was Betting Big on These 10 Stocks.
- After 13 years, Tiger Legatus will officially shut down. The fund owns 12 names in its portfolio, including UBER and DKNG stocks.
- 06/15/2022
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3 Supercharged Stocks That Could Help You Crush Inflation
- Inflation is hitting levels not seen in decades.
- 06/14/2022
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7 Long-Term Stocks to Buy for Their Millionaire-Maker Potential
- These long-term stocks hold incredible promise with underlying businesses that could generate massive revenues and cash flows down the line. The post 7 Long-Term Stocks to Buy for Their Millionaire-Maker Potential appeared first on InvestorPlace.
- 06/14/2022
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Why DraftKings Stock Was Up This Week
- The company is diving deeper into the NFT market with "Reignmakers UFC."
- 06/10/2022
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DKNG Stock Alert: 9 Things to Know as DraftKings Announces New Podcast Content
- DraftKings (DKNG) stock is in the news Thursday after the fantasy sports betting company revealed a collection of new podcast content. The post DKNG Stock Alert: 9 Things to Know as DraftKings Announces New Podcast Content appeared first on InvestorPlace.
- 06/09/2022
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DKNG Stock Forecast: 3 Analysts Share Their DraftKings Price Target
- Today, investors are increasingly interested in analysts' DKNG Stock Forecast, as this stock surges 10% in today's session. The post DKNG Stock Forecast: 3 Analysts Share Their DraftKings Price Target appeared first on InvestorPlace.
- 06/08/2022
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3 High-Risk, High-Reward Stocks That Are Screaming Buys in June
- Some stocks will see explosive returns from these lows.
- 06/07/2022
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DraftKings Inc. (DKNG) CEO Jason Robins Presents at Goldman Sachs 2022 Travel and Leisure Conference (Transcript)
- DraftKings Inc. (NASDAQ:DKNG ) Goldman Sachs 2022 Travel and Leisure Conference June 6, 2022 10:40 AM ET Company Participants Jason Robins - Co-Founder and Chief Executive Officer Conference Call Participants Stephen Grambling - Goldman Sachs Stephen Grambling All right. We are going to kick off our next session here with DraftKings and in many ways our next guest needs no introduction.
- 06/06/2022
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This Growth Stock Is a Risky Bet on Online Gambling
- fuboTV has a long uphill climb to achieve its goals of integrating live TV viewing and sports wagering.
- 06/04/2022
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Why Shopify, Upstart, and DraftKings Fell Today
- It was a tough day for high-growth stocks, as a hot jobs number stoked inflation fears even as Elon Musk warned about the global economy.
- 06/03/2022
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The NBA Finals Are Here! Should You Buy DraftKings Stock Now?
- Regardless of who wins the championship series, the event will likely generate lots of interest from sports fans.
- 06/03/2022
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Here's how sports-betting stocks like DraftKings and Caesars performed in May 2022
- Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have benefitted.
- 06/01/2022
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Why DraftKings Stock Was a Bad Bet on Tuesday
- Nobody likes an analyst price target cut.
- 05/31/2022
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Is DraftKings CEO Jason Robins Paid Too Much?
- A recent Twitter dustup between DraftKings CEO Jason Robins and a disgruntled shareholder suggests he's paid way too much DKNG stock. The post Is DraftKings CEO Jason Robins Paid Too Much?
- 05/23/2022
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All Bets Are off When It Comes to DraftKings
- DKNG stock continues to have a big opportunity in front of it, but heavy marketing spending and growing losses are a concern. The post All Bets Are off When It Comes to DraftKings appeared first on InvestorPlace.
- 05/22/2022
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DraftKings: Bullish Takes Problematical, Either Wait For A Deal Or Sell
- The idea that DraftKings stock has fallen so far that the downside risk is minimal compared with the possible upside: a flawed notion. DKNG's cash pile continues to burn at ferocious rate. It could be ashes by 2023 and force the company to borrow heavily at high costs.
- 05/20/2022
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Should the Walt Disney Company Acquire DraftKings?
- The House of Mouse already owns a minority stake, highlighting its interest in the company.
- 05/20/2022
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DraftKings: The Marauding Is Over - At Near-Term Bottom
- DraftKings stock's growth premium has been destroyed by the bears, as it revisited its all-time lows recently. The bears were in complete control. Management reiterated its guidance to achieve adjusted EBITDA profitability by Q4'23. Therefore, investors must carefully monitor management's commentary and insights on its path to profitability.
- 05/20/2022
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7 Growth Stocks to Buy After a 70% Correction
- Growth stocks to buy after a correction of at least 70% in the last six-months. Fundamentally attractive growth stocks to buy.
- 05/19/2022
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DraftKings CEO: ‘We're seeing zero impact due to inflation'
- DraftKings CEO Jason Robins discusses why inflation has had zero impact on DraftKings' performance and why historically gaming stocks have been unaffected by recession.
- 05/14/2022
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Faster-Than-Expected Revenue Growth Has DraftKings Raising Targets for 2022
- The mobile gambling company is gaining access to potentially lucrative markets, boosting optimism among management.
- 05/12/2022
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Why Draftkings Stock Was Down Again Today
- Cathie Wood continues to buy the stock, but the market hates unprofitable companies right now.
- 05/10/2022
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Will PLBY Group, Inc. (PLBY) Be On Your List Of Penny Stocks In 2022?
- Will PLBY stock become a penny stock in 2022? The post Will PLBY Group, Inc. (PLBY) Be On Your List Of Penny Stocks In 2022?
- 05/10/2022
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Why DraftKings Stock Dropped Today
- The sports betting company failed to meet investors' lofty expectations.
- 05/06/2022
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Top Stocks To Buy Now? 3 Consumer Stocks To Watch That Reported Earnings
- Should investors be betting on these top consumer-focused stocks?
- 05/06/2022
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DraftKings Q1 results: ‘we haven't seen any impact from inflation'
- DraftKings Inc (NASDAQ: DKNG) reported better-than-expected revenue for its fiscal first quarter on Friday. Shares still slid 8.0% as increased expense made it lose more money on a year-over-year basis.
- 05/06/2022
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DraftKings Inc. (DKNG) CEO Jason Robins on Q1 2022 Results - Earnings Call Transcript
- DraftKings Inc. (NASDAQ:DKNG ) Q1 2022 Results Conference Call May 6, 2022 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder and Chief Executive Officer Jason Park - Chief Financial Officer Conference Call Participants Thomas Allen - Morgan Stanley Jed Kelly - Oppenheimer Shaun Kelley - Bank of America Bernie McTernan - Needham & Company Joe Stauff - Susquehanna Jason Bazinet - Citi Carlo Santarelli - Deutsche Bank Michael Graham - Canaccord Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Stephen Glagola - Cowen Robert Fishman - MoffettNathanson Noah Naparst - Goldman Sach Ryan Sigdahl - Craig-Hallum Capital Group Barry Jonas - Truist Securities Clark Lampen - BTIG Robin Farley - UBS Joe Greff - JPMorgan Operator Welcome to the DraftKings Q1 2022 Earnings Conference Call. My name is John.
- 05/06/2022
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Macroeconomic conditions could help sports betting gain more momentum, says DraftKings CEO
- Jason Robbins, DraftKings CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what the competitive landscape looks like in sports betting and if the macroeconomic environment could help with sports betting legalization.
- 05/06/2022
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Why Is DraftKings Stock in the Spotlight Today?
- DraftKings (DKNG) stock is on the minds of investors lately after the sports betting company released results for the first quarter of 2022. The post Why Is DraftKings Stock in the Spotlight Today?
- 05/06/2022
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Why DraftKings Stock Was a Good Bet This Week
- The company is the proud new owner of a complementary online gambling business.
- 05/06/2022
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DraftKings Stock Surges on Improved Guidance, Says Inflation Not Denting Demand
- The online gambling company says it's not seeing impacts from rising inflation. DraftKings raises guidance for fiscal 2022.
- 05/06/2022
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What's Going On With DraftKings Stock?
- DraftKings Inc (NASDAQ: DKNG) shares are trading lower Thursday amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement. The Federal Reserve raised rates by 50 basis points on Wednesday, its first rate hike of at least half a.
- 05/05/2022
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Sports betting stocks: Penn Gaming, Caesars, DraftKings report earnings
- Yahoo Finance reporter Josh Schafer breaks down the earnings details for gaming stocks Penn Gaming, Caesars and Draft Kings.
- 05/05/2022
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Should You Buy DraftKings (DKNG) Ahead of Earnings?
- DraftKings (DKNG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 05/05/2022
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Can DraftKings Sustain Blistering Revenue Growth?
- New markets could propel growth further in 2022.
- 05/05/2022
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Uber and Lyft struggle to find drivers, DraftKings and FanDuel back California sports betting bill
- Yahoo Finance Live anchors Rachelle Akuffo, Seana Smith and David Briggs report on today's trending stocks.
- 05/04/2022
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3 Gaming Stocks Set to Surpass Earnings Estimates in Q1
- The casino industry continues to benefit from strong demand for sports betting and iGaming, consistency in consumer visitation trends and increased spending levels.
- 05/04/2022
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Earnings Previews: Block, DraftKings, Lucid, Tyson Foods
- The Federal Reserve's Open Market Committee announcement is due out Wednesday afternoon, and Fed watchers are expecting a one-half point rate hike and more details on how the Fed plans to run off its balance sheet.
- 05/04/2022
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3 Earnings Plays With Big Move Potential
- Simply looking to see how a stock has historically moved on earnings is a good approach as well. Finally, companies that have huge investor followings and are popular in social media circles can be driven way up or down by the herd mentality.
- 05/04/2022
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7 Risky Stocks That Are Worth Betting On
- Risky stocks or high-beta stocks that have corrected sharply in the last few months. These stocks are attractive trading bets.
- 05/03/2022
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Cathie Wood Sells Another $6.4M In Tesla — Piles Up Shares In Robinhood, Draftkings Instead
- Cathie Wood-led Ark Investment Management booked more profit in Tesla Inc (NASDAQ: TSLA) on Monday as shares in the electric vehicle firm rose, and increased exposure to zero-commission trading app maker Robinhood Markets Inc (NASDAQ: HOOD). St. Petersburg,.
- 05/02/2022
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DraftKings (DKNG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- DraftKings (DKNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/29/2022
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New Street's Delano Saporu nabs DraftKings in round 2 of CNBC Stock Draft
- CNBC's 2022 Stock Draft gets underway where guests pick stocks they believe will outperform in the coming year.
- 04/28/2022
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The No. 1 Reason Not to Bet on DraftKings Even After the Sell-Off
- Is DraftKings overspending in order to grow its business?
- 04/28/2022
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What the Recent Rating Bumps Mean for DraftKings Stock
- DKNG stock is finally tracking well with analysts, pointing to better times ahead for stockholders and the company. The post What the Recent Rating Bumps Mean for DraftKings Stock appeared first on InvestorPlace.
- 04/27/2022
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Why Netflix, Peloton, and DraftKings Fell on Tuesday
- Investors are concerned about high inflation and the possibility that efforts to fight it may lead to a recession.
- 04/26/2022
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Puerto Rico Expansion Highlights Future Upside for DraftKings Stock
- DKNG stock has had a healthy correction, and it should be a bottom fisher's delight as DraftKings prepares to release its earnings data soon. The post Puerto Rico Expansion Highlights Future Upside for DraftKings Stock appeared first on InvestorPlace.
- 04/26/2022
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DraftKings Is on the Path to Profitability. Will Its Stock Follow?
- The mobile sports betting company has many plans in the pipeline.
- 04/24/2022
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5 Travel Stocks Gurus and Insiders Are Booking With
- In light of United Airlines Holdings Inc. ( UAL , Financial) and American Airlines Group Inc. ( AAL , Financial) forecasting increased travel demand over the next few months, five travel stocks with high guru and insider buys are MGM Resorts International ( MGM , Financial), DraftKings Inc. ( DKNG , Financial), TripAdvisor Inc. ( TRIP , Financial), Linblad Expeditions Holdings Inc. ( LIND , Financial) and Scientific Games Corp. ( SGMS , Financial) according to the Guru and Insider Double Buys screen, a Premium feature of GuruFocus.
- 04/21/2022
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DraftKings Stock Falls To 52-Week Low: What's Going On?
- DraftKings Inc (NASDAQ: DKNG) shares closed Thursday down more than 7% at new 52-week lows. The stock fell alongside several names in the hotels, restaurants and leisure sector amid overall market weakness following U.S. Fed chair Jay Powell's hawkish rate hike.
- 04/21/2022
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Will DraftKings Inc. (DKNG) Be On Your List Of Penny Stocks In 2022?
- Will DKNG stock become a penny stock in 2022? The post Will DraftKings Inc. (DKNG) Be On Your List Of Penny Stocks In 2022?
- 04/21/2022
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Draftkings Stock Still Isn't a Buy Despite Strong Sportsbook Numbers
- DraftKings remains a strong sell. Systemic support can't be ignored; however, the stock's poorly priced and doesn't exhibit promising metrics.
- 04/21/2022
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Why Spotify, DraftKings, and Paramount Global Shares Plunged Today
- The fallout from Netflix's shocker burned other consumer discretionary names.
- 04/20/2022
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Will DraftKings Make a Big Splash in the Ontario Market?
- The Ontario online sports betting market's been running for two weeks. Should owners of DKNG stock be worried DraftKings won't launch there?
- 04/19/2022
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Why DKNG Stock Is No Layup at $16
- It's a battle for the top spot in the online sports betting arena, but today's No. 2 seed DKNG stock isn't guaranteed a title match.
- 04/19/2022
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Growth Stock Sell-Off: 3 Beaten Down Stocks That Are Screaming Buys Right Now
- Investing in these growing companies today could pay off big in five years.
- 04/17/2022
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DraftKings to Release First Quarter 2022 Results May 6
- BOSTON, April 15, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company”, “DraftKings”) today announced that it will release its first quarter 2022 results prior to 8:30AM EDT on May 6, 2022.
- 04/15/2022
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These 3 Supercharged Growth Stocks Have This Trait in Common
- The growth-at-all-costs philosophy is not in favor with investors right now.
- 04/14/2022
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The DraftKings Bally's Dichotomy
- DraftKings is diluting shareholders to buy GNOG.
- 04/09/2022
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Sports betting stocks sink even as major event schedule heats up
- CNBC's Contessa Brewer on why sports gambling stocks are getting hit right now. With CNBC's Brian Sullivan and the Fast Money traders, Guy Adami, Tim Seymour, Pete Najarian and Bonawyn Eison.
- 04/07/2022
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Big Opportunity Lurks in Fintech
- Along with other disruptive growth fare, fintech stocks and exchange traded funds are taking their lumps, but there's still a compelling long-term case for being engaged with this group. For patient investors, that implies that funds such as the ARK Fintech Innovation ETF (NYSEARCA: ARKF) won't be permanently mired in current funks.
- 04/07/2022
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Why (Some) Gambling Stocks Are a Great Buy Right Now
- Gambling spending is up, if you know where to look.
- 04/07/2022
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5 Worst-Performing Mid-Cap Stocks for 2022
- DraftKings, Pinterest, Wayfair, Zillow, and Zoom are the worst-performing mid-cap stocks based on one-year trailing total returns.
- 04/06/2022
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DraftKings (DKNG) Inks Deal to Enter Puerto Rico Betting Market
- DraftKings (DKNG) agrees to expand its partnership with Mashantucket Pequot Tribal Nation to launch DraftKings Sportsbook in Puerto Rico.
- 04/05/2022
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Three Factors Sending DraftKings Stock Higher Today
- Given the tough, ongoing competition that DraftKings is facing and its short-term, positive catalysts, DKNG stock looks like a decent name for traders and a bad one for investors. The post Three Factors Sending DraftKings Stock Higher Today appeared first on InvestorPlace.
- 04/04/2022
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Is It Time to Buy the Nasdaq's 7 Worst-Performing March Stocks?
- Just because a stock is on sale doesn't inherently make it worth buying.
- 04/02/2022
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Here's How Sports-Betting Stocks Like DraftKings and Penn National Changed in March
- Here's what investors should know.
- 04/01/2022
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Here's how sports-betting stocks like DraftKings and Penn National performed in March
- Since the United States Supreme Court struck down the ban on sports betting in 2018, sports wagering is now legal for more Americans than ever.
- 04/01/2022
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Should You Buy DraftKings As It Approaches All-Time Lows?
- Think twice before buying into DraftKings' crash.
- 03/30/2022
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DraftKings: Coverage That Skims The Surface Is No Service To Investors Old Or New
- A recent DKNG piece in a major financial site skims the surface with information that offers no context for the bullish outlook.
- 03/29/2022
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3 Momentum Stocks to Buy Ahead of Strong Rallies
- Here are 3 momentum stocks to buy now ahead of potentially big rebound rallies. These are fast movers, so investors must have high risk tolerance.
- 03/28/2022
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DraftKings: The Plunge Seems To Have Subsided - It's In The Buy Zone
- DraftKings stock's growth premium seems to have been digested as investors returned to profitable stocks.
- 03/28/2022
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3 Things About DraftKings Smart Investors Should Know
- The online gaming company is off to a better-than-expected start, and management is investing to capitalize on its opportunities.
- 03/26/2022
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Sports betting stocks are no slam dunk, even during March Madness
- It's been an exciting NCAA men's basketball tournament so far. Baylor, the reigning champ, is already out. Perennial powerhouses Gonzaga and Duke still look solid. And we have this year's Cinderella: hello, Saint Peter's Peacocks!
- 03/24/2022
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7 Death-Cross Stocks to Buy When Others Are Selling
- While the ominous nature of the death cross spells doom, history suggests this could be an opportunity for stocks to buy. The post 7 Death-Cross Stocks to Buy When Others Are Selling appeared first on InvestorPlace.
- 03/22/2022
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March Madness: ‘Sports betting companies are winning' on revenue
- Macquarie Group Senior Analyst Chad Beynon joins Yahoo Finance Live to discuss the outlook for sports betting companies amid March Madness betting on the NCAA men's basketball tournament.
- 03/21/2022
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SportsGrid's Maione: Sports betting industry still in the third or fourth inning
- Louis Maione, co-founder and president of SportsGrid, joins CNBC's 'Squawk Box' to discuss sports betting trends, March Madness and more.
- 03/18/2022
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4 Stocks With Soaring Revenues the Market Loves to Hate
- Revenue growth has not been enough to stop these stocks from crashing in 2022.
- 03/17/2022
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Why DraftKings Stock Jumped Today
- The sportsbook operator is reaching out to cryptocurrency fans.
- 03/16/2022
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Old, New, Borrowed, Blue: Investor's Edition
- "We are wearing the clothes of the things we're invested in. We are fans.
- 03/15/2022
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7 Sports Betting Stocks to Buy as March Madness Tips Off
- March Madness and sports betting go hand in hand. Here are seven sports betting stocks to consider before turning in your final bracket.
- 03/15/2022
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Beware! 7 Beaten-Down Stocks Likely to Take Many Further Hits
- Investors should sell all of these stocks, as they are facing tremendous competition, have no competitive advantages, and remain overvalued by large amounts. The post Beware!
- 03/11/2022
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3 Ark Invest Most-Shorted Stocks to Buy
- These most-shorted stocks have investors seeing red, but there is a silver lining that's playing out on the price chart for today's buyers. The post 3 Ark Invest Most-Shorted Stocks to Buy appeared first on InvestorPlace.
- 03/11/2022
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DraftKings Stock: Bear vs. Bull
- The mobile-gaming provider is expanding rapidly but at a high cost.
- 03/11/2022
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3 Humbled Nasdaq Stocks Ready to Bounce Back
- Too many investors have been a little too aggressive with their selling of late, setting the stage for major rebounds.
- 03/11/2022
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7 Growth Stocks That Trade at Attractive Valuations
- Growth stocks that look attractive after a correction. Companies with positive industry tailwinds and a robust business model.
- 03/11/2022
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DraftKings stock sinks to near 2-year low, as sellers aren't regretting their decision yet
- Share of DraftKings Inc. DKNG, -2.53% dropped 3.2% in afternoon trading Thursday, putting them on track for the lowest close since April 2020. The digital sports entertainment and gaming company's stock is now below the 2 1/2-week low close of $17.38 on March 8, which followed a 26.6% tumbled amid a six-day losing streak.
- 03/10/2022
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Sports Betting Could Power Long-Term BJK Upside
- Sports betting equities, such as DraftKings (NASDAQ:DKNG) and Rush Street Interactive (NYSE:RSI), were once hot, but that's no longer the case. In fact, share price erosion in the space is accumulating at a rapid pace due in large part to the investment community's concerns about promotional spending and timelines to profitability.
- 03/10/2022
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DraftKings - A 27% Annualized Return With Massive Downside Protection
- Stocks and bonds aren't the only game in town. Options trades can be structured to provide large returns with less risk than buying the underlying stock at current prices. DraftKings' stock hovers just above its all-time low. War rages in Europe and inflation continues to sap discretionary income (i.e., gambling money).
- 03/10/2022
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3 Cathie Wood Stocks to Buy
- Don't buy Cathie Wood stocks because the market was singing on Wednesday, purchase them because of a much bigger and bullish picture. The post 3 Cathie Wood Stocks to Buy appeared first on InvestorPlace.
- 03/09/2022
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Key Words: DraftKings CEO says people selling his company's stock will ‘regret that decision more than any other decision you've ever made in your life'
- DraftKings Inc. DKNG, +2.93% CEO Jason Robins vows that people who are selling his company's stock will “regret that decision.”
- 03/09/2022
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DraftKings Raises Long-Term Profit Outlook
- The company thinks it underestimated its potential by a whopping $400 million.
- 03/09/2022
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Good News for DraftKings: The Online Gaming Market Is Bigger Than Expected
- The internet gambling company is growing by gaining access to new states, a trend it expects to continue.
- 03/09/2022
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DraftKings Down 13%; 87 ETFs Affected
- An analyst downgrade contributed to the stock's steep decline from previous highs.
- 03/08/2022
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Why DraftKings Stock Is Tumbling Hard Today
- The sports betting app faces growing regulatory and competitive risk.
- 03/07/2022
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DraftKings Has a Serious Profitability Problem That Isn't Going Away
- DraftKings has to run huge losses to keep up with its competitors' marketing advantages. Consequently, DKNG stock will be unattractive for the foreseeable future.
- 03/07/2022
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Expect DraftKings to Carry on With its Losing Streak
- With its path to profitability still unclear and competition rising, former favorite DKNG stock is a bad bet. The post Expect DraftKings to Carry on With its Losing Streak appeared first on InvestorPlace.
- 03/04/2022
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There's Some Value to Be Had With Growth Stocks
- Amid first-quarter struggles for growth stocks, some members of this category are trading at discounts relative to their histories of often lofty valuations. Perhaps surprisingly, some names with the disruptive growth label are in the discounted growth stock conversation.
- 03/04/2022
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After Spending Big on Super Bowl, DraftKings Stock Remains A Risky Bet
- After falling a punishing 62% over the past six months, shares of DraftKings look to have bottomed and are trending higher coming off the Super Bowl. The post After Spending Big on Super Bowl, DraftKings Stock Remains A Risky Bet appeared first on InvestorPlace.
- 03/04/2022
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DKNG Stock Keeps Hitting Its Numbers, So Don't Fear the Rocky Market
- Aggressive investors who bought DraftKings in February after DKNG stock fell 17% on news of a higher loss have done well. Time to move on?
- 03/04/2022
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DraftKings pulls betting on sports events in Russia and Belarus, F1 ends Russian Grand Prix deal
- Yahoo Finance's Josh Schafer explains how sports leagues, sports betting companies like DraftKings, and Formula 1 racing are responding to the Russia-Ukraine war and subsequent sanctions.
- 03/03/2022
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Geopolitics, Inflation, Supply Chains: 1 Stock You Can Buy That's Immune From It all
- DraftKings operates a digitally native business not exposed to the risk factors affecting broader markets.
- 03/03/2022
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Sports betting strike out: DraftKings drops as MLB lockout escalates
- Oppenheimer's Jed Kelly on DraftKings' slump following the announcement that Major League Baseball was canceling games. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, Tim Seymour and Guy Adami.
- 03/02/2022
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DraftKings Is Growing, But So Are the Losses
- DraftKings doesn't provide definitive proof that DKNG stock can outcompete other gambling stocks. The company's losses will only grow.
- 03/02/2022
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DraftKings Is a Top Pick at Morgan Stanley. Could MLB's Postponement Change the Stock's Story?
- While the stock falls following news that Major League Baseball canceled its Opening Day for the first time in 27 years, analysts are still betting on DraftKings long-term.
- 03/02/2022
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DKNG Stock Alert: 12 Things to Watch at DraftKings Investor Day on March 3
- DraftKings (DKNG) stock is slipping on Wednesday as investors prepare for the sports betting company's March 3 investor day. The post DKNG Stock Alert: 12 Things to Watch at DraftKings Investor Day on March 3 appeared first on InvestorPlace.
- 03/02/2022
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How major sports-betting stocks like DraftKings and Caesars performed in February
- Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have jumped in popularity.
- 03/01/2022
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DraftKings CEO Jason Robins total compensation tops $14 million in 2021, but drops 94% from a year ago
- DraftKings Inc. DKNG, +3.83% disclosed Monday that co-Founder and Chief Executive Jason Robins' total compensation in 2021 was $14.03 million, down from $236.83 million in 2020. As part of Robins' 2021 compensation, his salary fell to $112,500 from $650,000; he received no bonus in 2021 after $2.98 million in 2020; the value of stock awards fell to $11.30 million from $231.18 million; and non-equity incentive plan compensation was unchanged at $1.95 million.
- 02/28/2022
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Better Buy: DraftKings or Every Nasdaq Stock?
- Choosing one over the other right now requires consideration of each one's current (and unusual) circumstances.
- 02/28/2022
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A Look at Stocks Cathie Wood Owns. A Buy Now, Sell or Trade?
- Here are some stocks the ETF owns that you can trade or invest in for the short term.
- 02/27/2022
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Down More Than 25% in 2022: 3 Top Stocks Worth Buying This March
- These stocks have market-crushing potential and look cheap after big sell-offs.
- 02/27/2022
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DraftKings Is Still Burning Through Cash Flow in Its Latest Quarterly Results
- DraftKings Is still burning through cash flow in its latest quarterly results. DKNG stock could take another hit if the DraftKings keeps bleeding out cash from its operations as it did in Q4.
- 02/25/2022
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The Dip in DraftKings Stock Is a Perfect Buy Opportunity
- DraftKings has strong potential to expand into new markets and achieve growth, but it will need more time. Buy the dip in DKNG stock.
- 02/24/2022
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DraftKings Stock Drops After Reporting Mounting Operating Losses in Q4
- The market is falling out of love with unprofitable growth stocks, which might be an opportunity.
- 02/24/2022
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Where Will DraftKings Stock Be In 5 Years?
- DraftKings stock continues to attract downgrades from the Street after its FQ4 card.
- 02/24/2022
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Why DraftKings Stock Jumped Today
- A major shift could be underway in the booming online betting industry.
- 02/23/2022
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Is DKNG Stock a Buy on Doubled Revenue? 3 Analysts Weigh In on DraftKings Price Predictions
- Here's where the experts think DKNG stock could be headed from here after the company recently reported difficult-to-assess earnings. The post Is DKNG Stock a Buy on Doubled Revenue?
- 02/23/2022
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Looking for Tech Stocks? These 3 Are Great Buys
- Tech stocks everywhere are hitting 52-week lows -- time to go shopping for deals.
- 02/23/2022
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DraftKings Doubles Revenue in Another Year of Accelerating Growth
- The accelerating growth was not enough to assuage a market turning sour on unprofitable growth stocks.
- 02/23/2022
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Sports betting industry clearly needs consolidated: Engine Media's Tom Rogers
- Tom Rogers, Engine Media executive chairman, joins CNBC's 'Squawk Box' to discuss mobile gambling in New York and what it means for sports betting companies.
- 02/23/2022
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Why DraftKings Stock Is Up Today
- Wall Street hasn't given up on the online betting leader.
- 02/22/2022
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Is DKNG Stock a Buy Right Now? 4 Analysts Weigh In on DraftKings.
- While DKNG stock received a downgrade from Wells Fargo today, shares are still in the green. So, is DraftKings a buy right now?
- 02/22/2022
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DraftKings (DKNG) Stock: Why It Increased Today
- The DraftKings Inc (NASDAQ: DKNG) stock increased by over 4% during intraday trading today. This is why.
- 02/22/2022
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Draftkings Stock Brushes Off Post-Earnings Bear Notes
- Draftkings Inc (NASDAQ:DKNG ) is up 2.6% at $17.74 this morning, bouncing back from some of the losses that followed its fourth-quarter earnings and revenue beat on Friday.
- 02/22/2022
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DraftKings Inc. revised 2022 revenue guidance to $2 billion after beating expectations. Is DKNG a good buy?
- DraftKings Inc. (NASDAQ:DKNG) is often promoted among the best buys. The company's performance in the market does not portray similar sentiments.
- 02/21/2022
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DraftKings: Buy The Gap Fill, Take The Over
- DraftKings' stock has been absolutely decimated in recent months. High revenue growth names with little to no earnings are seeing immense compression in valuation.
- 02/21/2022
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DraftKings: Take A Long-Term Stand, This Stock Is Now A Strong Buy
- Shares of DraftKings fell a fresh 20% after reporting Q4 results, extending a year in which the stock has shed 70% of its value.
- 02/21/2022
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Why DraftKings Stock Crashed Today
- The sportsbook operator is incurring heavy losses as it scales its business.
- 02/18/2022
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DraftKings Wins With Mobile iGaming as More States Legalize, Players Socialize
- iGaming looks like a winning bet for daily fantasy sports (DFS) wagering platform DraftKings as it moves more aggressively into new game types and North American territories this year. Releasing fourth-quarter and full-year 2021 financials Friday (Feb. 18), the Boston-based sports entertainment and gaming brand is focusing on acquisition, retention and increasing average spend as […]
- 02/18/2022
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DraftKings tops fourth-quarter revenue estimates
- DraftKings (NASDAQ: DKNG) reports $473 million in revenue in the fourth quarter, more than the $445.3 million consensus estimate for the quarter. In addition, DraftKings expects full-year revenue of $1.85 billion to $2 billion in 2022, topping the $1.9 billion consensus estimate.
- 02/18/2022
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5 stocks hammered more than Bitcoin from their 52-week highs
- Bitcoin (BTC) continues to get all the negative attention for its recent poor performance, which saw the flagship crypto fall more than 50% from its peak in November. But stocks have had it even worse and the following 5 large-cap stocks all post over 60% in losses since their 52-week highs.
- 02/18/2022
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DraftKings CEO dismisses stock plunge, says it's a 'wild market right now'
- "In the meantime, we've just got to keep doing our thing and hopefully the market will catch on," CEO Jason Robins told CNBC on Friday.
- 02/18/2022
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DraftKings Inc. (DKNG) CEO Jason Robins on Q4 2021 Results - Earnings Call Transcript
- DraftKings Inc. (DKNG) CEO Jason Robins on Q4 2021 Results - Earnings Call Transcript
- 02/18/2022
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QNGY Stock: Why Lidar Company Quanergy Systems Is Soaring Today
- Quanergy Systems (QNGY) stock is taking off on Friday following an update about its orders during the fourth quarter of 2021. The post QNGY Stock: Why Lidar Company Quanergy Systems Is Soaring Today appeared first on InvestorPlace.
- 02/18/2022
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DraftKings shares fall 19% on 2022 outlook
- DraftKings reported an adjusted EBITDA loss for 2022 that was much higher than analysts had anticipated.
- 02/18/2022
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DraftKings (DKNG) Reports Q4 Loss, Tops Revenue Estimates
- DraftKings (DKNG) delivered earnings and revenue surprises of 2.44% and 7.95%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/18/2022
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DraftKings sees its 4Q revenue climb 47% on player acquisition, cross-selling
- Draftkings Inc (NASDAQ:DKNG) announced that its fourth-quarter 2021 revenue increased by 47% year over year to $473 million, which exceeded the company's previous guidance by 8%. The company attributed the stronger-than-expected results to “excellent” player retention, acquisition and cross-selling in the quarter, as monthly unique payers increased by 32% and average revenue per monthly unique payer grew by 19%.
- 02/18/2022
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DraftKings shares drop in pre-market after projected full year loss
- Contessa Brewer reports DraftKings latest earnings report on 'Squawk Box.'
- 02/18/2022
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2 Nasdaq Stock Favorites That Are Falling Fast Friday
- Markets overall looked poised to try to rebound after a tough Thursday.
- 02/18/2022
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DraftKings stock tumbles after loss widens as costs jump, while revenue rises above expectations
- Shares of DraftKings Inc. DKNG, -4.05% tumbled 15.4% in premarket trading Friday, after the digital sports entertainment and gaming company another quarterly loss that widened from a year ago, while revenue rose above expectations but costs jumped. The net loss widened to $326.3 million from $242.7 million, while per-share losses widened to 80 cents from 69 cents.
- 02/18/2022
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DraftKings stock price forecast ahead of earnings. Huge drop possible
- The DraftKings (NASDAQ: DKNG) stock price is hovering near its lowest level this year as traders wait for the company's quarterly earnings scheduled for Friday this week. The shares are trading at $23, which is about 70% below their all-time high.
- 02/17/2022
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DraftKings (DKNG) to Report Q4 Earnings: What's in Store?
- DraftKings' (DKNG) fourth-quarter 2021 performance is likely to reflect solid demand for mobile sports betting and strength in the iGaming platform.
- 02/16/2022
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Other Gambling Stocks May Make for Better Buys Than DraftKings Stock
- Bottom line: Incumbent casino stocks may offer greater upside potential than DKNG stock. The post Other Gambling Stocks May Make for Better Buys Than DraftKings Stock appeared first on InvestorPlace.
- 02/15/2022
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Is it worth adding DraftKings stock to your portfolio amidst Super Bowl 2022 ecstasy?
- DraftKings Inc. (NASDAQ:DKNG) is a company that hit the news headlines this week, particularly pertinent to the weekend's super bowl event. DraftKings is one of, if not the largest sports betting platform in the United States.
- 02/14/2022
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7 Monster Growth Stocks to Buy for 2022 and Beyond
- Growth stocks that can deliver robust returns in 2022. Stocks that are likely to be supported by positive industry tailwinds.
- 02/14/2022
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DraftKings: On The Move, But Drive Slowly, There Are Potholes Ahead
- Recent overweighting of positions by big holders driving an upside spike but bearish risks remain. Super Bowl handle could hit $7.5b but that number is inflated because half of it will stay in one on one wagers with friends or pools.
- 02/14/2022
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Vast majority' of Super Bowl sports betting is in the illegal market, DraftKings CEO says
- DraftKings CEO Jason Robins joins Yahoo Finance Live to discuss the huge rise in sports betting and importance of content creation.
- 02/13/2022
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In a Risky Market, Is This Stock a Good Bet?
- DraftKings is grabbing users that are curious about the NFT market but want to enter it easily.
- 02/13/2022
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Super Bowl 2022 Is Here! Why It Could Be a Great Time to Buy DraftKings Stock
- The big game is expected to draw a record audience this year.
- 02/13/2022
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DKNG Stock: The Super Bowl Isn't the Only Reason Investors Are Betting on DraftKings Today
- Sports betting fans rejoice! DraftKings is up today ahead of Super Bowl Sunday as investors are positive on the company.
- 02/11/2022
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Earnings Preview: DraftKings (DKNG) Q4 Earnings Expected to Decline
- DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/11/2022
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Why DraftKings Stock Was Winning on Friday
- An analyst reiterated his sunny outlook on the shares.
- 02/11/2022
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6 Stocks With Earnings Reports Next Week
- Earnings reports over the next week could help to influence the direction of the stock market as several big names report Q4 2021 numbers. The post 6 Stocks With Earnings Reports Next Week appeared first on InvestorPlace.
- 02/11/2022
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5 Sports Betting Stocks to Buy Before a Record-Setting Super Bowl
- With the Super Bowl incoming, many eyes are already looking toward the big game. Here are the top sports betting stocks to buy.
- 02/11/2022
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Super Bowl set to be biggest betting event in football history
- An estimated 31.4 million Americans are set to bet on Super Bowl Sunday, making it the biggest legal gambling event in football history. CNBC's 'Squawk on the Street' team reports.
- 02/11/2022
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This will be the biggest Super Bowl ever, says DraftKings CEO
- Jason Robins, DraftKings CEO, joins 'Closing Bell' to talk about the Super Bowl and the legal sports betting generated by the big game this weekend.
- 02/10/2022
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Sports betting: The legal status of U.S. gambling ahead of the 2022 Super Bowl
- Yahoo Finance's Alexis Keenan details the state of sports betting in the U.S., how much many will be wagered over the Super Bowl, and the legality of betting by state.
- 02/10/2022
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Political Sensitivities Might Be a Headwind for DraftKings
- Although California is an incredibly promising environment for DKNG stock, there's an overlooked political headwind to consider. The post Political Sensitivities Might Be a Headwind for DraftKings appeared first on InvestorPlace.
- 02/09/2022
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DraftKings Could Easily Double From Current Levels
- DKNG stock is oversold and poised for a rally. Industry tailwinds will ensure that high growth sustains and EBITDA margins improve.
- 02/07/2022
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Is it Time to Gamble On DraftKings Stock?
- The last time we checked in with DraftKings Inc. (NASDAQ:DKNG), the sports gambling stock was receiving some much-needed bullish analyst attention.
- 02/07/2022
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If DraftKings Stock Dives Again, it May Become a Buy
- Unless it drops further, to a truly "can't miss price," continue to hold off on DKNG stock. The post If DraftKings Stock Dives Again, it May Become a Buy appeared first on InvestorPlace.
- 02/07/2022
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New York Breaks State Online Sports Betting Record In 3 Weeks: The Early Winners And What's Next
- The highly anticipated launch of online sports betting kicked off in the state of New York in January. In only three weeks, New York is already breaking records for the sports betting industry.
- 02/04/2022
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DraftKings, Caesars help New York set monthly sports betting record in just three weeks
- In true New York fashion, it took just three weeks for the state to set a U.S. record for most money wagered on sports betting in a single month.
- 02/04/2022
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DraftKings: Rough Earnings Now, But There's Light on the Horizon
- As fears around operating losses growth, DKNG stock has collapsed. At this price, it just might be worth a roll of the dice.
- 02/03/2022
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DraftKings Q4 Earnings Preview: Here's What to Watch
- DraftKings is expected to report fourth-quarter earnings on Feb. 18.
- 02/02/2022
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3 Reasons to Buy DraftKings and 1 Reason to Sell
- DraftKings has big-time potential, but there is a crucial risk that investors should know about.
- 02/02/2022
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Betting on a Rebound in DraftKings Is Too Risky Despite Its Selloff
- After calling off the Entain acquisition, DKNG stock is left with only its weak fundamentals, making it expensive after a steep selloff. The post Betting on a Rebound in DraftKings Is Too Risky Despite Its Selloff appeared first on InvestorPlace.
- 02/01/2022
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DraftKings is Not Such a Sure Thing
- DraftKings, and online sports betting, are growing, but no one's making money due to customer acquisition costs. DKNG stock is a bad bet right now.
- 02/01/2022
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See how DraftKings, Caesars and the other major sports-betting stocks performed in January
- Since the United States Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have surged in popularity. In response, sports betting companies have begun jockeying for bettors in a “gold rush” of customer acquisition.
- 02/01/2022
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Fundamentals for DraftKings Clashes With Near-Term Sentiment
- Although DKNG stock makes for an interesting discount following a beatdown, its best to wait for the panic to fully subside. The post Fundamentals for DraftKings Clashes With Near-Term Sentiment appeared first on InvestorPlace.
- 02/01/2022
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Best Stocks To Invest In Right Now? 4 Entertainment Stocks To Check Out
- Here are four top entertainment stocks to watch in the stock market now.
- 01/31/2022
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Why DraftKings Is Out of Favor Despite Its Strong Prospects
- DraftKings has a fair value of $11, which may change to the upside if it earns a profit sooner than the model suggests. The post Why DraftKings Is Out of Favor Despite Its Strong Prospects appeared first on InvestorPlace.
- 01/28/2022
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DraftKings (DKNG) Surges 5.2%: Is This an Indication of Further Gains?
- DraftKings (DKNG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 01/27/2022
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DraftKings To Launch Mobile Sportsbook In Louisiana
- DraftKings Inc (NASDAQ: DKNG) plans to expand its relationship with Golden Nugget Casino Lake Charles by launching mobile sports betting for eligible customers in the state's permitted parishes starting on Friday, January 28. Louisiana becomes the seventeenth state to offer DraftKings' online sportsbook, and the company is now live in 18 states.
- 01/27/2022
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DraftKings Stock (DKNG): Why The Price Jumped Up Today
- The stock price of DraftKings Inc. (NASDAQ: DKNG) increased by 6.63% today. This is why it happened.
- 01/26/2022
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DraftKings stock outlook: Morgan Stanley sees a 60% upside
- DraftKings Inc (NASDAQ: DKNG) went up 15% in the stock market on Wednesday after Morgan Stanley said it was “too big an opportunity to ignore” in the wake of the recent sell-off. DraftKings upgraded to ‘overweight' Morgan Stanley's Thomas Allen upgraded DraftKings this morning to “overweight” with a price target of $31 that represents a […] La notizia DraftKings stock outlook: Morgan Stanley sees a 60% upside era stato segnalata su Invezz.
- 01/26/2022
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DraftKings stock jumps after Morgan Stanley upgrades shares
- Yahoo Finance's Brad Smith reports on how DraftKings stock is surging after Morgan Stanley upgraded its rating of the company on the outlook for sports betting amid the NFL playoffs
- 01/26/2022
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DraftKings jumps 17% as Morgan Stanley says investors should buy into a leader in the rapidly growing US betting market
- DraftKings is among the leading players in the US betting market, and its growth potential is "too big an opportunity to ignore," said Morgan Stanley.
- 01/26/2022
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Why DraftKings Stock Is a Winner Today
- DraftKings could earn $1 billion or more -- if Morgan Stanley is right.
- 01/26/2022
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All Bets Are Not Off for the Future of DraftKings
- DKNG stock has lost much of its value since it peaked last year. But the price action doesn't not mean its opportunity is dead.
- 01/26/2022
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The Ratings Game: DraftKings stock bounces back after Morgan Stanley says it's now too cheap to ignore
- Shares of DraftKings Inc. bounced sharply Wednesday off a near two-year low, after Morgan Stanley analyst Thomas Allen turned bullish, saying the price plunge has created “too big an opportunity” for long-term investors to ignore.
- 01/26/2022
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Place Your Bets on These 3 Online Sports Betting Stocks
- Online sports betting stocks made over $4 billion last year. The market is set for exponential growth as more states legalize sports betting.
- 01/26/2022
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DKNG Stock Price Prediction: Why Morgan Stanley Thinks DraftKings Is a Big Opportunity
- DraftKings (DKNG) stock is gaining on Wednesday after Morgan Stanley analyst Thomas Allen upgraded the gambling company's shares. The post DKNG Stock Price Prediction: Why Morgan Stanley Thinks DraftKings Is a Big Opportunity appeared first on InvestorPlace.
- 01/26/2022
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Analyst: DraftKings Stock Could Win the Market Share
- Morgan Stanley upgraded Draftkings Inc (NASDAQ:DKNG) to "overweight" from "in-line" this morning.
- 01/26/2022
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How low can DraftKings Stock Go?
- DraftKings continues to fall in 2022. Down 69% from September highs, DKNG stock could finish January in the mid-to-low teens.
- 01/25/2022
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Draft Kings Stock Is Worth Betting On
- Off-the-chart explosive growth and the bulls defense folding on the price chart add up to a deeper value purchase in DKNG stock. The post Draft Kings Stock Is Worth Betting On appeared first on InvestorPlace.
- 01/25/2022
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Sports betting stocks bounce back from intraday lows
- CNBC's Contessa Brewer reports on recent price action in sports betting stocks.
- 01/24/2022
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Investors Will Need Patience if Betting on DraftKings
- DKNG stock is close to the 52-week low and could be gearing up for a rebound. The business model and consistent revenue growth make it a buy.
- 01/24/2022
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DraftKings Is an Enticing Bet Right Now
- DraftKings is rapidly approaching prices not seen since the company's blank-check merger in 2020. DKNG stock is a tempting bet at this point.
- 01/24/2022
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DraftKings Is Struggling to Beat the Online Betting Competition
- Despite its huge marketing spending, DraftKings is gaining share at a very slow pace, helping to make DKNG stock unattractive. The post DraftKings Is Struggling to Beat the Online Betting Competition appeared first on InvestorPlace.
- 01/24/2022
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MGM Gaining Ground On DraftKings, FanDuel In Online Sports Betting; Sector Reports Weak December Numbers
- Online gaming stocks have taken a big hit in recent months, and Bank of America analyst Shaun Kelley said Monday that the U.S. online sports betting market had a surprisingly weak month in December. Kelley said December online sports betting (OSB) gross gaming revenue (GGR) came in at an annual run rate of just $180 million, down 45% month-over-month.
- 01/24/2022
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There Is No Positive Catalyst That Can Revive DraftKings Now
- As DraftKings' outlays far exceed the company's revenues, it's only getting harder to hold fast-declining DKNG stock with confidence. The post There Is No Positive Catalyst That Can Revive DraftKings Now appeared first on InvestorPlace.
- 01/24/2022
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DraftKings to Release Fourth Quarter and Year-End 2021 Results February 18
- BOSTON, Jan. 24, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company”, “DraftKings”) today announced that it will release its fourth quarter and year-end 2021 results prior to 8:30AM EST on February 18, 2022.
- 01/24/2022
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3 Stocks That Could Make You a Millionaire in 2022
- It's a stock pickers market and adding winners to a portfolio is only getting harder. Here are three ideas -- BABA, DKNG and PB -- for investors reconsidering their risk appetite and seeking out safe havens.
- 01/24/2022
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Investing In DraftKings Stock Looks Like A Winning Bet in 2022
- DraftKings, the leading sports gaming platform has recently lost more than half of its value. Now, DKNG stock offers better value.
- 01/21/2022
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Is DraftKings Stock A Buy Or Sell With New York Sports Gambling Approval?
- DraftKings stock's premium valuation has been digested by the market, as it trades near its peers' valuations.
- 01/21/2022
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Super Group: Wait For A Super Discount
- Super Group: Wait For A Super Discount
- 01/20/2022
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An Overlooked Opportunity in the Betting Market
- The U.K. has one of the most developed and active gambling markets in the world. The market has developed and grown over many decades, and several world-leading companies have emerged in the process.
- 01/20/2022
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DraftKings Stock May Look Cheap, But It Hasn't Bottomed Out
- Over the last year, DraftKings stock has come down 50% and is now 64% below its all-time peak of $74.38 a share reached last March. The NFL football season was supposed to be a catalyst for shares of the Boston-based company but since the league kicked off DraftKings' share price has fallen 58%.
- 01/18/2022
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DraftKings: Buy The Dip While The Stock Is In Free Fall
- DraftKings: Buy The Dip While The Stock Is In Free Fall
- 01/18/2022
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Why Investors Will Have to Be Patient With DraftKings Stock
- DraftKings should eventually become a winner in the online gambling market. But it will take awhile for DKNG stock to break out.
- 01/17/2022
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DraftKings Stock Has an Over/Under of $27.50 as a Potential Breakout Looms
- DKNG stock is underloved and oversold as it finally appears to be finding a floor. Time to be a buyer on any dip in DraftKings.
- 01/17/2022
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Amazon, DraftKings and more were interested in The Athletic before sale to New York Times
- The Athletic considered a variety of merger and alternative funding options before agreeing to sell to The New York Times.
- 01/14/2022
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Stay Clear of Betting on DraftKings Stock Until its Dilutive Deal is Done and Profits Appear
- Stay clear of betting on DraftKings stock until its dilutive deal Is done and profits appear. DKNG stock could tread water for some time before the company's marketing costs abate and it produces a profit.
- 01/14/2022
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DraftKings (DKNG) Becomes Oregon Lottery's Sportsbook Partner
- DraftKings (DKNG) collaborates with Oregon Lottery. DraftKings Sportsbook to replace the Scoreboard app.
- 01/13/2022
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If You Own DraftKings Stock, Expect to Sweat It out For Now
- A 2022 comeback is possible for DKNG stock. Just keep in mind it's not for certain.
- 01/13/2022
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3 Beaten-Down Cathie Wood Stocks That Could Make Comebacks in 2022
- These ARK Innovation ETF holdings are trading at bargain valuations, but their longer-term outlooks are promising.
- 01/13/2022
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New York's sky-high sports betting tax rate could make it hard for companies like DraftKings and FanDuel to profit in the state
- New York in January became the largest US state to embrace online sports betting, but the state has one of the highest tax rates on the country.
- 01/12/2022
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DraftKings Joins Hand With Oregon Lottery To Launch Online Sports Betting
- DraftKings Inc (NASDAQ: DKNG) said it will become the official sportsbook provider of the Oregon Lottery. Pursuant to the agreement, DraftKings Sportsbook will replace the current Scoreboard app.
- 01/12/2022
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DraftKings Stock Is a Terrific Sports-Focused Metaverse Investment
- Once a momentum play, DKNG stock should now appeal to value hunters and risk-tolerant contrarians seeking exposure to the NFT market. The post DraftKings Stock Is a Terrific Sports-Focused Metaverse Investment appeared first on InvestorPlace.
- 01/10/2022
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NY sports betting debut going 'really well' for DraftKings
- DraftKings co-founder and President Matt Kalish breaks down the transaction numbers for the new market and opportunities for future online growth. #FOXBusiness Subscribe to Fox Business!
- 01/10/2022
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Best Consumer Stocks To Buy In 2022? 5 To Check Out
- Consumer stocks could be on investors' radar amid a red-hot economy.
- 01/10/2022
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7 Gambling Stocks to Buy as Risk Appetite Soars During the Pandemic
- While the pandemic may have forced Americans indoors, we haven't lost our speculative fervor, thus boosting gambling stocks. The post 7 Gambling Stocks to Buy as Risk Appetite Soars During the Pandemic appeared first on InvestorPlace.
- 01/10/2022
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Market Update: Why Are Stocks Down Today?
- It's time for a Monday market update as we answer the question "why are stocks down today?", and list companies taking a dive.
- 01/10/2022
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Sports Betting Stocks Alert: A Big Catalyst Is Underway for RSI, PDYPY, CZR, DKNG Stocks
- Despite a strong New York gambling app launch, sports betting stocks are down big so far today. What's bringing the betting companies down?
- 01/10/2022
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2 Unprofitable Hypergrowth Stocks to Buy for 2022
- Investing in growth stocks early in their life cycle can deliver fantastic returns over time.
- 01/08/2022
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Mobile sports betting comes to New York
- CNBC's Contessa Brewer joins Shep Smith to report that people who live in New York will be able to bet on professional sports for the first time tomorrow.
- 01/07/2022
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Mobile sports betting operators approved in New York, kick off Saturday
- CNBC's Contessa Brewer reports on mobile sports betting in New York, which kicks off tomorrow. Brewer discusses the projected tax revenue and earnings from the space.
- 01/07/2022
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Final Trades: GLD, DKNG, XLE & TLRY
- The final trades of the week. With CNBC's Tyler Mathisen and the Fast Money traders, Tim Seymour, Steve Grasso, Nadine Terman and Pete Najarian.
- 01/07/2022
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Why DraftKings Stock Jumped 8.4% Today
- DraftKings is coming to New York!
- 01/07/2022
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DraftKings (DKNG) Enters New York Sports Betting Market
- DraftKings (DKNG) launches Mobile Sports Betting in New York ahead of NFL playoffs, the busiest period for betting activity.
- 01/07/2022
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DraftKings co-founder discusses online sports betting launch in New York
- Matt Kalish, DraftKings North America president and co-founder, joins CNBC's 'Squawk Box' to discuss New York's latest decision to allow sports betting starting Saturday.
- 01/07/2022
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3 Growth Stocks That Are Immune to Supply Chain Bottlenecks in 2022
- These businesses do not rely on the sale of physical goods.
- 01/04/2022
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DraftKings (DKNG) Outpaces Stock Market Gains: What You Should Know
- DraftKings (DKNG) closed the most recent trading day at $27.77, moving +1.09% from the previous trading session.
- 01/03/2022
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Robinhood, Draftkings — Cathie Wood's Last Trades For 2021
- Cathie Wood's Ark Investment Management on Friday closed the year by buying shares in Robinhood Markets Inc (NASDAQ:HOOD) and Draftkings Inc (NASDAQ:DKNG) on the dip. The popular money manager bought 563,570 shares — estimated to be worth $10 million — in the zero-commission trading app that deals in stocks, exchange-traded funds and cryptocurrencies.
- 01/02/2022
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7 Stocks to Snap Up ASAP If a Stock Market Crash Actually Happens
- Should a stock market crash occur -- which is a non-zero probability event -- here are the publicly traded companies to consider. The post 7 Stocks to Snap Up ASAP If a Stock Market Crash Actually Happens appeared first on InvestorPlace.
- 12/30/2021
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DraftKings: Take A Winning Bet On This Company
- DraftKings is a speculative play on the growth of Online Sports Betting and iGaming both in North America and Europe.
- 12/27/2021
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DraftKings: At $29 A Share, It Begins To Get Very Interesting As A Momentum Play To Come Soon
- We have been bearish on DKNG being overvalued since its post-IPO run-up. Now it has reached an interesting entry point for a nice run.
- 12/27/2021
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These 2 Stocks Carry a Lot of Risk, but Their Upside Is Huge
- Risk and reward are sometimes two sides of the same coin.
- 12/27/2021
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Cathie Wood Is Betting on DraftKings Stock, Again
- DraftKings is down big so far in 2021, but that hasn't stopped Cathie Wood and ARK Investments in making bets on DKNG stock. The post Cathie Wood Is Betting on DraftKings Stock, Again appeared first on InvestorPlace.
- 12/27/2021
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DraftKings Stock: Down 60% From Its High, A Great Long-Term Buy Opportunity Has Emerged
- DraftKings stock has collapsed 60% from its 2021 high. Investors are concerned whether the company can ever turn profitable.
- 12/25/2021
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DraftKings: Did Water Find Its Level?
- DKNG missed Q3 estimates despite revenue growth. For the third quarter of 2021, DraftKings reported $545 million in losses which eclipsed the loss in the same quarter in 2020 of almost $396 million.
- 12/25/2021
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Make a Resolution to Buy These Explosive Growth Stocks in 2022
- These two businesses are spending aggressively while expanding in revenue and customers.
- 12/19/2021
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3 Best Sports Betting Stocks for 2022 to Buy Now
- As esports grows in popularity, the demand for esports-based online games increases -- implying steady growth for best sports betting stocks. The post 3 Best Sports Betting Stocks for 2022 to Buy Now appeared first on InvestorPlace.
- 12/17/2021
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Buy DraftKings Stock as This Downtrend Presents an Attractive Entry Point
- One reason to invest and one reason to avoid DKNG stock. The strong user base but mounting losses put DKNG in a stiff spot.
- 12/15/2021
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Get DraftKings At Ground Level Valuation
- DKNG shares have already pulled back nearly 60% from its September highs, which is creating an opportunity for investors. The company's valuation is arguably more attractive today than it was during the ground-level SPAC pricing back in December 2019.
- 12/14/2021
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DraftKings Stock Has Game to Recover, Right?
- Bears have sacked and taken back ground in DKNG stock in 2021, but the familiar tale should have a happy ending or better beginning in 2022. The post DraftKings Stock Has Game to Recover, Right?
- 12/14/2021
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This Gambling Stock Is a Better Buy Than DraftKings
- DraftKings is one of the biggest players in online gambling, but this stock enables a lot of the company's competitors.
- 12/13/2021
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DraftKings Stock Has Limited Near-Term Upside as Headwinds Abound
- The fantasy sports name DKNG stock could come under further pressure and see $30 before $40 The post DraftKings Stock Has Limited Near-Term Upside as Headwinds Abound appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.
- 12/13/2021
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2 Beaten-Down Cathie Wood Stocks to Buy Now
- Short-term factors are causing these stocks to fall, creating an opportunity for long-term investors.
- 12/11/2021
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Time to Jump In After DraftKings' Poor 2021 Performance
- Even as DKNG stock tanks, DraftKings is pressing ahead with a power-packed iGaming collaboration featuring an intriguing NFT angle. The post Time to Jump In After DraftKings' Poor 2021 Performance appeared first on InvestorPlace.
- 12/10/2021
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Short-Seller Jim Chanos Is Betting Against DraftKings: Is It Time to Sell the Stock?
- DraftKings is a fast-growing gaming company generating massive losses on the bottom line.
- 12/10/2021
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Why Shares of DraftKings Were Surging This Week
- This meme stock was sizzling after the company announced plans to enter the NFT market.
- 12/10/2021
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Why DraftKings Stock Is Worth Watching After a Big Drop
- DraftKings faces license delays in at least two states, adding uncertainty to its near-term outlook and hurting its stock price. The post Why DraftKings Stock Is Worth Watching After a Big Drop appeared first on InvestorPlace.
- 12/10/2021
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DraftKings Investors Need to Be Aware of These Major Risks
- There's always risk to balance potential reward.
- 12/10/2021
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7 Tempting Stocks to Avoid Until These Key Issues Get Ironed Out
- Someday, the challenges and hurdles affecting them could clear up. But for now, consider this group of seven popular plays stocks to avoid.
- 12/09/2021
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Why DraftKings Shares Are Rising
- DraftKings shares are trading higher by 5% at $32.82 on continued strength. On Tuesday, the company announced an NFT collaboration with the NFL Players Association and CBRE initiated coverage on the stock with a $36 price target.
- 12/08/2021
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Sports betting and the rise of DraftKings
- DraftKings announced third-quarter revenue of $213 million in November, 60% higher than a year earlier.
- 12/08/2021
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10 Fintech Stocks to Buy On the Dip After Falling to New Lows
- The two major ETFs investing in Fintech stocks are both down 15% or more in the past three months. Here are 10 stocks to buy from both funds.
- 12/07/2021
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DraftKings Pushes Further Into NFTs, Could Bring NFTs To Fantasy Football
- A leader in sports betting and daily fantasy sports is pushing further into the non-fungible token space with a new partnership signed with the National Football Players Association (NFLPA). Here are the details of the deal.
- 12/07/2021
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The NFL is launching fantasy football NFTs in a partnership with DraftKings
- The NFL Players Association has partnered with DraftKings to launch NFTs ahead of the 2022-2023 season.
- 12/07/2021
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Up And Coming Stocks To Buy Now? 3 Consumer Tech Stocks For Your Watchlist
- Could consumer tech stocks ride the momentum in the cyclical trade now?
- 12/07/2021
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Here's What Investors Need to Know Before Buying DraftKings Stock
- The fantasy sports company recently reported third-quarter earnings.
- 12/07/2021
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DraftKings Stock Continues to Be Burdened By New Debt as Losses Pile Up
- In addition to strong competition and large losses, a change in the macro situation is likely to hurt DKNG stock going forward. The post DraftKings Stock Continues to Be Burdened By New Debt as Losses Pile Up appeared first on InvestorPlace.
- 12/07/2021
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Retail investors are buying DraftKings and AMC, says TD Ameritrade's JJ Kinahan
- JJ Kinahan, TD Ameritrade, joins 'Closing Bell' to discuss where retail investors are putting their money in the markets.
- 12/06/2021
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Why DraftKings Shares Are Rising
- Draftkings Inc (NASDAQ: DKNG) shares are trading higher, rebounding after the stock fell last week following a short position from investor Jim Chanos. DraftKings shares have been in free fall over the last three months, trading down by 32% over the past month.
- 12/06/2021
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What's Driving The Sell-Off In Online Gaming Stocks?
- Shares of online gambling stocks have tanked in the past two months, and Bank of America analyst Shaun Kelley recently took a closer look at the group to try to determine what has gone wrong in the digital gambling market. MGM Resorts International (NYSE:MGM), Draftkings Inc (NYSE:DKNG) and Flutter Entertainment PLC (OTC:PDYPF) are the three national market share leaders in iGaming, according to Bank of America.
- 12/06/2021
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2 Under-the-Radar Metaverse Stocks That Could Make You a Fortune
- These two under-the-radar metaverse stocks can give attractive returns to retail investors in the long run.
- 12/06/2021
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Why DraftKings Stock Plunged Today
- An outspoken bear says the sportsbook operator's business model is flawed.
- 12/03/2021
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DKNG Stock Alert: Why Jim Chanos Is Selling DraftKings Short
- DraftKings and its sports betting peers have had a rough few weeks. Here's why one investor is selling DKNG stock short now.
- 12/03/2021
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DraftKings Is Weak From Losses and a Potentially Dilutive Deal
- DKNG stock looks to be losing steam as losses continue and its planned deal with Golden Nugget Online Gaming threatens to dilute shares. The post DraftKings Is Weak From Losses and a Potentially Dilutive Deal appeared first on InvestorPlace.
- 12/03/2021
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Sports Betting And The Rise Of DraftKings
- Sports betting in the U.S. is booming. During the 2021 NFL season an estimated 45 million Americans are expected to wager at least $12 billion.
- 12/03/2021
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DraftKings CEO Jason Robins reacts to Jim Chanos' short position
- DraftKings CEO Jason Robins joins CNBC's 'Squawk Box' to react to criticism from short-seller Jim Chanos over the sports betting company's marketing spend.
- 12/03/2021
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Legendary short-seller Jim Chanos reveals he is betting against DraftKings and DoorDash
- For DoorDash, it's the lack of profit that caught Chanos' attention. For DraftKings, it's the high marketing spend.
- 12/02/2021
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The Ratings Game: DraftKings stock price target cut nearly 30% at Benchmark as valuation is ‘rationalized'
- DraftKings Inc. stock price target was slashed Thursday at Benchmark, with analyst Mike Hickey saying he “rationalized” his valuation of the company given the recent broader market trend in high growth and gaming stocks.
- 12/02/2021
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Penn National, DraftKings highlight October slump for sports betting stocks
- Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have surged in popularity. In response, sports betting companies have begun jockeying for customers in a “gold rush” style of competition.
- 12/02/2021
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1 Unprofitable Hypergrowth Stock I Would Buy Now
- This company is growing revenue and customers while the stock is selling at half its highs this year.
- 12/01/2021
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It's Going to Be a Bumpy Ride For DraftKings Stock
- Money-losing stocks like DraftKings haven't done well in 2021. It's down more than 50% from its 2021 highs.
- 12/01/2021
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Deep Dive: These 60 stocks, including DraftKings, Zillow and Virgin Galactic, are down at least 50% from their 2021 highs
- Following last week's lackluster action in the stock market, it might surprise you that 2021 has been an excellent year, with the benchmark S&P 500 Index up 22%.
- 11/29/2021
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Taking A Look At The iGaming Industry
- In 2018 PASPA was declared unconstitutional and this opened the door for legalizing sports betting. The iGaming industry is expected to grow at a CAGR of 17.3% up until 2026.
- 11/28/2021
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DraftKings Stock Has Slumped. Insiders Are Betting on a Comeback.
- Shares of sports-betting company DraftKings have slipped to 52-week lows, and three directors recently bought $2.6 million of shares.
- 11/28/2021
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
- There are always stocks to buy if you're ARK Invest's ace stock picker.
- 11/24/2021
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4 Entertainment Stocks For Your Watchlist Today
- Entertainment stocks to note as growth stocks lose momentum in the stock market now.
- 11/23/2021
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101 Ways To Invest In The Metaverse
- What are metaverse stocks and how can you invest in them? The post 101 Ways To Invest In The Metaverse appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 11/21/2021
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3 Reddit Stocks to Buy in November
- The fact that so many people are even talking about these names speaks volumes about their potential movement.
- 11/21/2021
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10 Oversold Stocks That Could Explode Higher At Any Moment
- While the broader indices are hovering close to all-time highs, the rising tide has not lifted all boats this year. We recently put together a screener to find the most "oversold" and "beaten down" stocks in our coverage universe.
- 11/19/2021
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DraftKings (DKNG) Stock: $58 Price Target From Citi
- The shares of DraftKings Inc (NASDAQ: DKNG) have received a $58 price target from Citi. These are the details.
- 11/17/2021
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DraftKings Inks Deal With Lifestyle Platform FaZe Clan
- DraftKings Inc (NASDAQ: DKNG) has entered a deal with FaZe Clan, becoming the Official Sports Betting, iGaming, Daily Fantasy, and Free-to-Play Partner of the gaming, lifestyle, and media platform. Upcoming content activations will feature several FaZe Clan content creators, including FaZe Adapt, FaZe Temperrr, FaZe Nate Hill, FaZe Swagg, Nuke Squad, and more.
- 11/17/2021
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DraftKings Could Win Big as Further Legalization Improves Odds
- DKNG stock is on a solid path to profitability as long as management can execute and legalization continues. The post DraftKings Could Win Big as Further Legalization Improves Odds appeared first on InvestorPlace.
- 11/17/2021
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3 Growth Stocks With Strong Brands, Low RSIs, And 50%+ Upside Potential
- With the market hovering around at all-time highs, volatility has certainly picked up during earnings season.
- 11/15/2021
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DraftKings Stock Has Favorable Long-Term Odds In Its Favor
- DKNG stock has shown its fighting spirit already. DraftKings has the opportunity to deliver results and earn Wall Street investors' trust.
- 11/15/2021
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New York OKs Mobile Sports Betting Apps: No Slam Dunk For Stocks In The Sector
- Pay no attention to happy talk from the nine apps selected. The law is a license to lose money. The 51% tax rate is bad enough, but the geography of adjoining states with competitive odds could pose a cross-border challenge.
- 11/12/2021
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5 Stocks Insiders Are Still Buying (Even As Others Cash Out)
- Insider sales are generally a sign the market is about to drop, but not everyone's selling. Here are five companies with insider buying.
- 11/12/2021
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DraftKings Stock Earnings: What Investors Should Watch After Recent Report
- DraftKings is the #2 player in the online sports betting market. It has made meaningful market share gains in FQ3. However, its FQ3 performance came in below the consensus estimates. Negative variance on its hold and additional promotional activities contributed to the miss.
- 11/12/2021
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Entain Moves Past Breakdown In DraftKings' Talks, Unveils Comprehensive ESG Initiative
- Entain is focused on broadening its ESG scope, led by a continued focus on combating problem gambling with its sophisticated A.I. predictive modeling.
- 11/11/2021
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3 Stocks to Buy on Disaster Earnings Drops
- Investor reactions to earnings are sometimes too violent and they create opportunities. Smart money scoops up stocks to buy on extreme dips.
- 11/11/2021
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7 Stocks To Sell Before They Head to The Market Graveyard
- So, which ones are stocks to sell ASAP? With these seven stocks, all former favorites on both Main Street and Wall Street, consider it high time to take the money and run.
- 11/11/2021
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Why 1 Investor Is Watching This Gambling SPAC Very Closely
- This company will be going head-to-head with much larger players.
- 11/11/2021
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DraftKings Continues State-by-State Expansion in Q3
- DraftKings has made significant progress in adding new markets, and there is plenty of room for more.
- 11/10/2021
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2 Top Growth Stocks to Buy for 2022
- These businesses are on track for a solid 2021, and next year looks to be even better for them.
- 11/10/2021
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Entain boss says U.S. JV played role in sinking $22 billion DraftKings deal talks
- Entain's U.S. online sportsbook venture BetMGM was one of the reasons why DraftKings' $22 billion offer to buy the British sports betting and gambling firm fell through last month, Entain's boss told Reuters on Wednesday.
- 11/10/2021
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MGM, Draft Kings weighed — then nixed — tie-up with Dave Portnoy for NY sports betting license
- MGM Resorts, DraftKings and Fanduel had considered teaming up with Barstool Sports to apply for NY online sports-betting license this summer -- and scrapped the idea because of Dave Portnoy's past erratic behavior, sources told The Post.
- 11/09/2021
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DraftKings Analysts Unimpressed By Q3 Earnings, But Sports Betting Company's 2022 Guidance A Highlight
- Sports betting pure play company DraftKings Inc (NASDAQ:DKNG) reported third-quarter financial results on Friday. Analysts shared their takes on the company's quarterly results and guidance.
- 11/09/2021
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DraftKings and FanDuel Among Firms Approved for New York Sports Betting Licenses
- The New York State Gaming Commission approves nine companies to offer mobile sports betting in the state.
- 11/09/2021
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DraftKings, Caesars among 9 approved sports-betting operators in New York
- The New York State Gaming Commission has approved nine online sports-betting operators for licenses, including DraftKings, FanDuel, Bally Sports, BetMGM, PointsBet, Caesars, WynnBet, Kambi and Resorts World.
- 11/08/2021
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Options Traders Keep Betting on Struggling DraftKings Stock
- After a promising start to the year, things have gotten a little murky for sports betting staple DraftKings Inc (NASDAQ:DKNG).
- 11/08/2021
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PreMarket Prep Plus: Why Sean Udall Is Buying DraftKings, Apple
- Even with the indexes at all-time highs, The Udall Report's publisher Sean Udall still has a few issues on his “buy” radar. The tech stock strategist shared the fundamental reasons for the two issues and detailed his game plan moving forward on Friday's PreMarket Plus show.
- 11/05/2021
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DraftKings Inc. (DKNG) CEO Jason Robins on Q3 2021 results - Earnings Call Transcript
- DraftKings Inc. (DKNG) CEO Jason Robins on Q3 2021 results - Earnings Call Transcript
- 11/05/2021
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DraftKings called off Entain deal to focus on U.S. - CEO
- Sports betting company DraftKings Inc shelved its $22 billion buyout of British rival Entain Plc last month to focus on its core U.S. market, Chief Executive Officer Jason Robins said on Friday.
- 11/05/2021
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DraftKings' CEO: ‘we want to be in the same conversation with companies like Amazon'
- DraftKings Inc (NASDAQ: DKNG) blamed higher cost of revenue as it reported widened loss and lower-than-expected revenue for its fiscal third quarter on Friday. Shares opened 5.0% down but recovered entirely in a few hours.
- 11/05/2021
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DraftKings CEO discusses Q3, failed deal with Entain
- Jason Robins, DraftKings co-founder and CEO, joins 'Squawk on the Street' with CNBC's Contessa Brewer to discuss the company's third quarter earnings results and the deal with Entain which fell through the cracks.
- 11/05/2021
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DraftKings (DKNG) Reports Q3 Loss, Misses Revenue Estimates
- DraftKings (DKNG) delivered earnings and revenue surprises of -21.62% and -5.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/05/2021
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Cathie Wood's ARK Invest Buys Over 400,000 More Shares of DraftKings
- In the wake of a big buy on Tuesday, a couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made additional huge purchases on Thursday.
- 11/05/2021
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Why DraftKings Stock Fell 4.6% on Thursday
- Investors are worried that earnings won't be as strong as hoped.
- 11/04/2021
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DraftKings Drops Below Support, What's Next?
- Draftkings Inc. (NASDAQ:DKNG) shares are trading lower Thursday, likely in sympathy with Penn National Gaming, Inc (NASDAQ:PENN) as the stock reported its third-quarter earnings results. DraftKings announced Thursday an expanded multiyear relationship with the National Basketball Association (NBA), making the company a co-official sports betting partner of the league.
- 11/04/2021
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What's Going On With DraftKings Stock Today?
- DraftKings Inc (NASDAQ: DKNG) is trading lower in sympathy with Penn National Gaming Inc (NASDAQ: PENN) after the company announced its third-quarter financial results. Penn National Gaming reported quarterly earnings of 52 cents per share, which is down from 93 cents per share year-over-year.
- 11/04/2021
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Earnings Previews: Canopy Growth, Coty, DraftKings
- More than 1,500 companies are reporting quarterly earnings this week. Of five in our watch list for Tuesday afternoon, three (Albemarle, MGM Resorts and Qualcomm) beat on both revenue and profits while one (Skillz) missed on both and the fifth (Fisker) had a smaller than expected loss but no reported revenue.
- 11/04/2021
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5 Popular Growth Stock Earnings Charts
- The growth stocks have been red-hot over the last year but is the road about to get rocky?
- 11/04/2021
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DraftKings Q3 Earnings Preview: Did the NFL Fuel a Surge in Revenue?
- The sports-gaming company will report third-quarter earnings results on Nov. 5.
- 11/03/2021
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Why DraftKings Stock Dropped 4.7% Today
- Analysts aren't too bullish on DraftKings to end 2021.
- 11/02/2021
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DraftKings Has Monstrous Potential in the Future of Sports Betting
- DraftKings is up for a solid quarter and is in a massive industry that's growing fast. DKNG stock will generate solid returns next year.
- 11/01/2021
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1 Top Gambling Stock for Your Halloween Treat Bag
- A change in plans regarding the buyout proposal for a competitor has DraftKings looking sweet.
- 10/30/2021
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Earnings Preview: DraftKings (DKNG) Q3 Earnings Expected to Decline
- DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/29/2021
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DraftKings Is Set to Rally as the Sports Betting Industry Booms
- DKNG stock looks attractive with ample scope for organic growth. Further, the company is looking for expansion to new markets.
- 10/28/2021
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DraftKings (DKNG) Dips More Than Broader Markets: What You Should Know
- DraftKings (DKNG) closed the most recent trading day at $47.83, moving -1.89% from the previous trading session.
- 10/27/2021
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Why DraftKings' Stock Price Jumped on Tuesday
- The end of a proposed acquisition deal has investors excited.
- 10/27/2021
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Sports Pros Play Risky Offense-Only Investing Game
- Sports Pros Play Risky Offense-Only Investing Game
- 10/27/2021
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DraftKings Stock Has Massive Upside as Recent Expansion Efforts Kick In
- DKNG stock is investing in its platform to expand DraftKings' user base and boost sales growth to new heights. The post DraftKings Stock Has Massive Upside as Recent Expansion Efforts Kick In appeared first on InvestorPlace.
- 10/27/2021
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DraftKings terminates its offer to buy Entain plc
- DraftKings Inc (NASDAQ: DKNG) withdrew from a $22 billion deal to acquire Entain plc (LON: ENT) on Tuesday. Its CEO Jason Robins said: After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time.
- 10/26/2021
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Why DKNG Stock Investors Are Betting On the Dropped DraftKings-Entain Deal
- DraftKings (DKNG) stock is doing well on Tuesday with heavy trading after announcing it won't be making a firm offer for Entain. The post Why DKNG Stock Investors Are Betting On the Dropped DraftKings-Entain Deal appeared first on InvestorPlace.
- 10/26/2021
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Entain slides as DraftKings elects not to bid "at this time"
- DraftKings Inc has abandoned its pursuit of Entain PLC, the owner of the Ladbrokes, Coral and PartyPoker gambling businesses. “After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time,” said Jason Robins, the chief executive officer of DraftKings.
- 10/26/2021
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DraftKings says it will not make an offer to buy Entain
- U.S. betting company DraftKings Inc said on Tuesday it will not make a formal offer to buy British gambling firm Entain.
- 10/26/2021
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Entain shares tumble after DraftKings says it won't bid
- Shares of U.K. betting company Entain ENT, +0.61% tumbled 10% after DraftKings DKNG, +1.54% said it won't make a firm offer. "After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time.
- 10/26/2021
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Checking in With DraftKings Stock After Recent Slide
- DraftKings Inc (NASDAQ:DKNG) stock has been consolidating above the $48 level since late September.
- 10/25/2021
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The Push for Growth Will Be Great for DraftKings Stock
- If there's one thing about owning shares of DraftKings, it's that it has no shortage of news. If you own DKNG stock, that's a good thing.
- 10/22/2021
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Analyst Raises TAM For Online Sports Betting, Highlights A Few Big Winners
- September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An analyst took a look at how the top states are doing in sports betting and how the big three are controlling the market.
- 10/20/2021
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7 Growth Stocks to Buy Before They Come Roaring Back
- Pullbacks in high-quality growth stocks are huge opportunities for patient investors. Here are seven promising picks to check out now.
- 10/20/2021
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Where Will You Be When You Score Your First 10X Winner in the Sports Betting Boom?
- One day, the global online sports betting market will be huge, with little-known companies today positioned for several years of big growth tomorrow. These are the sports betting stocks to buy today.
- 10/20/2021
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DraftKings Statement Regarding Entain
- BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ: DKNG) notes the announcement made by Entain earlier today relating to the extension of the deadline, under Rule 2.6 of the City Code on Takeovers and Mergers (the “Code”), for DraftKings either to announce a firm intention to make an offer for Entain (in accordance with Rule 2.7 of the Code), or to announce that it does not intend to make such an offer (in accordance with Rule 2.8 of the Code), to 5:00 p.m. (London time) on 16 November 2021. This deadline may be further extended with the consent of the Panel on Takeovers and Mergers, at Entain's request.
- 10/19/2021
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Draftkings Inc gets more time for Entain bid
- US gambling group Draftkings Inc has been given more time in its takeover pursuit of Ladbrokes and Gala bingo owner Entain PLC. A put up or shut up option has been extended until 16 November, while Entain has given the US firm a list of requirements to get the acceptance of the gambling group's board.
- 10/19/2021
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DraftKings gets one more month to decide on formal offer for Britain's Entain
- Ladbrokes owner Entain said on Tuesday rival DraftKings has until Nov. 16 to make a formal offer to take over the British sports betting and gambling firm, following a $22.4 billion proposal from the U.S.-based company last month.
- 10/19/2021
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DraftKings Launches Online Sports Betting In Connecticut
- DraftKings Inc (NASDAQ: DKNG), The Mashantucket Pequot Tribal Nation, and Foxwoods Resort Casino launch online and mobile sports betting and online casino in Connecticut. The first wager accepted was $25 on the Los Angeles Dodgers at -180 to beat the Atlanta Braves in tonight's National League Championship game.
- 10/19/2021
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DraftKings and Foxwoods launch online betting in Connecticut
- DraftKings Inc. DKNG, +1.19% , Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation announced the launch in Connecticut of online and mobile sports betting and an online casino on Tuesday. The first bet was for $25 on the Los Angeles Dodgers at -180 to beat the Atlanta Braves in tonight's game.
- 10/19/2021
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Foxwoods and DraftKings Launch Online Sports Betting and iGaming in Connecticut
- BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- The Mashantucket Pequot Tribal Nation, Foxwoods Resort Casino and DraftKings Inc. (Nasdaq: DKNG) today announced that online and mobile sports betting and online casino launched in Connecticut at 6:00 A.M. ET after successfully completing the required soft launch testing which began a week ago. The first wager accepted was $25 on the Los Angeles Dodgers at -180 to beat the Atlanta Braves in tonight's National League Championship game.
- 10/19/2021
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DraftKings Teams With Ethereum-Based Platform on NFT Drops
- The digital sports gaming company DraftKings is working with the Ethereum-based scaling platform Polygon to support custom NFT drops on the DraftKings marketplace. As Seeking Alpha reported on Monday (Oct. 18), the deal gives the marketplace a blockchain solution that's both scalable and eco-friendly.
- 10/18/2021
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NH Lottery and DraftKings Expand Retail Sports Betting in NH with New Dover Sportsbook
- Manchester-based DraftKings Sportsbook at Filotimo opening sister location in Dover; new sportsbook to be third retail sportsbook in NH Manchester-based DraftKings Sportsbook at Filotimo opening sister location in Dover; new sportsbook to be third retail sportsbook in NH
- 10/18/2021
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DraftKings NFTs Partnership Puts Polygon Crypto, DKNG Stock in Focus
- The DraftKings NFTs partnership with Polygon is a big deal, as it will help the company continue to grow its booming token marketplace. The post DraftKings NFTs Partnership Puts Polygon Crypto, DKNG Stock in Focus appeared first on InvestorPlace.
- 10/18/2021
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DraftKings Enters Blockchain Agreement With Polygon
- DraftKings Inc's (NASDAQ: DKNG) digital collectibles ecosystem, DraftKings Marketplace, is partnering with Polygon, an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions. The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities.
- 10/18/2021
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Polygon and DraftKings Enter Into a Strategic Blockchain Agreement
- DraftKings Able to Become a Validator on the Polygon Network DraftKings Able to Become a Validator on the Polygon Network
- 10/18/2021
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DraftKings: Buy The Drop
- The acquisition of Golden Nugget will add to the commercial growth of online betting platform DraftKings. Synergies are calculated at $300M and the acquisition will add 10% to the firm's revenue line.
- 10/18/2021
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Michigan September Online Sports Betting Heats Up, DraftKings Passes $100M: Do Profits Matter?
- The state of Michigan stayed hot in September and continued its trend of being one of the largest online sports betting markets in the country. What Happened: The state's online sports betting handle hit $354.3 million in September, according to PlayMichigan.
- 10/15/2021
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DraftKings to Release Third Quarter 2021 Results November 5
- BOSTON, Oct. 15, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company”, “DraftKings”) today announced that it will release its third quarter 2021 results prior to 8:30AM EDT on November 5, 2021.
- 10/15/2021
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Vivid Seats Adds DraftKings As Investor: Here's The Details
- A leading ticketing marketplace has added a big investor on its path to becoming public. What Happened: Vivid Seats, which is going public with Horizon Acquisition Corp (NYSE: HZAC), announced that DraftKings Inc (NASDAQ: DKNG) is investing in the company.
- 10/14/2021
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7 Hypergrowth Stocks That Will Continue to Rally This Fall
- Here are seven top hypergrowth stocks all long-term investors should consider as volatility once again picks up in the market. The post 7 Hypergrowth Stocks That Will Continue to Rally This Fall appeared first on InvestorPlace.
- 10/13/2021
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4 Stocks I'm Watching This Week as Potential Buys
- Can growth in the sports betting market push this company's stock price to new highs?
- 10/13/2021
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DraftKings Lands Deal With NHL: What Investors Should Know
- Fresh off the start of the 2021-2022 National Hockey League season, the league announced a new official sports betting partner. What Happened: DraftKings Inc (NASDAQ: DKNG) was announced as an official partner with the NHL for sports betting, iGaming and daily fantasy sports.
- 10/13/2021
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BETZ: An Easier & Safer Way To Invest In The Online Gambling Market
- BETZ: An Easier & Safer Way To Invest In The Online Gambling Market
- 10/13/2021
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DraftKings (DKNG) Gains As Market Dips: What You Should Know
- DraftKings (DKNG) closed at $48.94 in the latest trading session, marking a +0.12% move from the prior day.
- 10/12/2021
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DKNG Stock Is Getting a Huge Crypto Catalyst Thanks to Rob Gronkowski
- DKNG stock is building on its fundamentals with a carefully coordinated foray into NFTs. The company is releasing rare new tokens this week.
- 10/12/2021
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I'm Betting On DraftKings
- DraftKings is the leading online betting platform in the U.S. and growing revenues at an accelerated pace with over 300% year-over-year growth in Q2. DraftKings focuses on building its platform to develop a brand and a specific customer base.
- 10/12/2021
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Entain shows bidder DraftKings it's business as usual with a strong quarterly update
- It may be the focus of a £16.2bn bid approach from rival US DraftKings, but it appears to be business as usual at Entain PLC. For the Ladbrokes, Coral and PartyPoker owner, whose jewel is the American FanDuel sportsbook operation, reported a 4% increase in net gaming revenue for the third quarter.
- 10/12/2021
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Monday Afternoon Analyst Upgrades and Downgrades: DraftKings, Taiwan Semiconductor and More
- The Dow Jones industrials, Nasdaq and S&P 500 each pushed higher to start out the week.
- 10/11/2021
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As Vegas Comes Roaring Back, Casinos Look Bullish
- The Nevada Gaming Commission report includes some important news for MGM Resorts and casino investors.
- 10/07/2021
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The Larry Fitzgerald Foundation and DraftKings Renew Collaboration for Breast Cancer Awareness Month in Latest DraftKings S.E.R.V.E.S. Initiative
- Third-Annual Pink ‘Em Program to Feature Free-to-Play Charity Pools During NFL Sundays in October Third-Annual Pink ‘Em Program to Feature Free-to-Play Charity Pools During NFL Sundays in October
- 10/07/2021
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DraftKings (DKNG) Stock Sinks As Market Gains: What You Should Know
- DraftKings (DKNG) closed at $48.99 in the latest trading session, marking a -0.61% move from the prior day.
- 10/06/2021
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Why DraftKings' Falling Stock Is a Big Problem
- DraftKings is trying to use its stock to acquire the competition, which will be tougher as the stock falls.
- 10/06/2021
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DraftKings: Monstrous Revenue-Generating Potential
- The online gambling market is set to grow rapidly over the next decade or so. Given its substantial market share, DraftKings is well-positioned for long-term success. DraftKings is seemingly expensive relative to other casino and gaming stocks. Whether you want to argue the company is deserving of a higher valuation is up to you.
- 10/06/2021
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MGM CEO Bill Hornbuckle on DraftKings' bid for Entain
- CNBC's Contessa Brewer sits down with MGM Resorts CEO Bill Hornbuckle at the Global Gaming Expo in Las Vegas to discuss the company's operations in China, gaming M&A and more.
- 10/05/2021
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DraftKings Plans New Office Space In Las Vegas
- DraftKings Inc (NASDAQ: DKNG) revealed its new office location to be based in Las Vegas, where it expects an expanded team of more than 1,000 employees. The company's new 90,000 square-foot technology hub will occupy much of an entire building at UnCommons, Matter Real Estate Group's 40-acre modern workplace in early 2022.
- 10/04/2021
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