DraftKings (DKNG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 15, 2024, might help the stock move higher if these key numbers are better tha ...

The most recent trading session ended with DraftKings (DKNG) standing at $41.74, reflecting a -0.5% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.23%. Meanwhile, the Dow gained 0.37%, and the Nasdaq, a tech-heavy index, added 0.07%.Shares of the company witnessed a gain of 24.81% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.45% and the S&P 500's gain of 5.3%.Investors will be eager ...

DraftKings (DKNG) closed the latest trading day at $41.95, indicating a +0.87% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.Shares of the company witnessed a gain of 25.35% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.23% and the S&P 500's gain of 4.59%.Analysts and investors alike will be k ...

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. Companies that can post market-beating growth rates have done incredibly well in recent decades, supported by relatively low-interest rates (that have since headed north). This has led to this list of high-octane growth stocks.But with interest rates potentially on the decline, investors could be due for a continued rally in many top growt ...

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. The gaming scene looks quite intriguing here as industry rivals duke it out for a larger share of the sizeable market.If you watch sports, you’ve probably been bombarded with many sports-betting a ...

Darren McCollester/Getty Images Entertainment A few years ago, DraftKings Inc. (NASDAQ:DKNG) was, in our view, and to put it mildly, an expensive-looking train wreck. After going public via SPAC in 2020, DKNG quickly became one of the cohorts of stocks that was clocking very high revenue growth, and thus trading in the 'speculative basket', which included names from other 'high-growth' sectors like cannabis (Canopy Growth Corporation (CGC), Tilray Brands, Inc. (TLRY)), 3D printing (Desktop Metal, Inc. (DM), ...

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. Previously, shares were traded over the counter. Theoretically, the added attention could draw investment funds away from DKNG stock. However, this ecosystem might not be a zero-sum game.According to a Seeking Alpha report, Flu ...

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?Copy link to sectionDraftKings sure has enjoyed stardom in recent years as the only listed pure play in sports betting. But that could change now that Flutter Entertainment – the Dublin-headquartered firm behind the world’s largest sports betting and gaming operator (FanDuel) has completed its secondary listing on the NYSE.Flutter news is ...

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings.It's a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index.But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross ...

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. The appeal lies in a trifecta of strengths: strong earnings, formidable competitive edges and promising catalysts likely to boost stock prices.These stocks are a beacon for investors seeking refuge in this dodgy market. Paying heed t ...