nasdaqdkng
Key Points Digital sportsbook and iGaming platform Draft Kings beat Q2 2023 forecasts and raised estimates.Its Q2 2023 earnings went non-GAAP positive at 14 cents per share, beating consensus estimates for a loss by 35 cents. Revenues continued to spike nearly 88% as paying users rose 44% to 2.1 million average monthly unique payers (MUPs).The average revenue per monthly unique payer (ARMUP) grew 33% to $137 in Q2 2023.Shares fell on the announcement of rival Penn Entertainment partnering with ESPN in a 10-year deal rebranding Bar Stool sportsbook to ESPN Bet sportsbook.5 stocks we like better...
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Key Points DraftKings Q1 report led to a trend of analysts’ price target increases supporting the market.The stock has a 20% to 40% upside potential, but gains may be capped at that point.Competition and slowing growth are a concern for investors.5 stocks we like better than DraftKingsDraftKings’ (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. The analysts are not uniform in their praise, but even the sole downgrade with the chatter had good th...
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DraftKings is benefiting from a growing legal market and is fresh off a year in which revenue soared 73%.DraftKings Sportsbook is now live in 22 U.S. states and in Ontario, Canada.Its popular daily fantasy sports platform is accessible in 44 states.DraftKings is also in control of around 20% of the U.S. iGaming market.In the past 30 days, more than 10 firms have raised their DraftKings targets.5 stocks we like better than DraftKingsWhile 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). Q...
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In 2023, the new year has ushered in a new mindset reminiscent of 2020.DraftKings is already up 50% year-to-date.Until there are signs that the heavy institutional hitters are back in the DraftKings game, it’s probably best to sit on the sidelines.Since Plug Power provided its annual business update on January 25th, five analysts have reiterated their buy ratings on the stock.Investors willing to wait out Farfetch stock could be in for some stylish gains.5 stocks we like better than DraftKingsIt’s never too late for a curtain call. Q4 2022 hedge fund letters, conferences and more Find A Qualif...
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Submitting trades based on an upcoming earnings report is a popular short-term strategy. However, not all earnings plays are created equal. Some corporate earnings releases pack more punch than others because they contain a pivotal news item or data. A market braced for a major catalyst often reacts by sending a stock price significantly higher or lower. Q1 2022 hedge fund letters, conferences and more Investors have several tools at their disposal when it comes to identifying stocks that can pop after earnings. History is usually the best guide. Stocks that are inherently volatile because of ...
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Investors who prefer stability along with decent returns go for large cap stocks. These stocks are of well-known companies with a market capitalization between $10 billion to $200 billion. Investing in such stocks could prove very profitable in the long run. If you are also planning to invest in large cap stocks, but are looking for the right time to enter, then keep a watch on when a quality stock is down. To help you select, discussed below are the ten worst performing large cap stocks in March 2022. Q4 2021 hedge fund letters, conferences and more Ten Worst Performing Large Cap Stocks In Ma...
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It’s all eyes on March, as investors and foreign traders are busy shaking off the flurry from February’s trading sessions, which saw leading indexes undergo formidable headwinds amid geopolitical tension between Russia and Ukraine, a hawkish Fed, and a somewhat slower economic growth are just some of the takeaways from the month that was. Q4 2021 hedge fund letters, conferences and more It’s not just investors and foreign traders that are keeping a concerned eye on the events unfolding between Russia, Ukraine, and major Western allies; consumers have also felt the brunt of the ongoing issues, ...
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In hisDaily Market Notes report to investors, while commenting on uncertainty, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more Uncertainty On Top Of UncertaintyAfter a very rough Thursday, the worst day for the Dow 30 Index for the year, we are not seeing a bounce. Stocks, bonds, gold, crude oil are moving mostly sideways, crypto about 3% lower. There's enough fear that Putin may move on Ukraine right after the Beijing Winter Olympics are over that caution is keeping the dip buyers at bay. That the market is closed on Monday for President’s Day is adding to the reluctan...
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RGA Investment Advisors commentary for the third quarter ended September 2021, titled, “looking inward and looking westward.” Q3 2021 hedge fund letters, conferences and more The third quarter concluded with the worst month for equity markets since March 2020. That said, the month of September was hardly worth comparing to the peak of the COVID-19 induced panic. We underperformed markets during the quarter, and one adverse event in a portfolio company inflicted more pain than markets at large. We spent considerable time reflecting on this situation, which is further discussed below. While our ...
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