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. During 2021, some of the best meme stocks skyrocketed and delivered multibagger returns in weeks. Of course, we are nowhere close to that bullish market sentiment, but there are attractive meme stocks to consider.An important point is that the rally in meme stocks can be completely dissociated from fundamentals. Ho ...

DraftKings (DKNG) closed at $33.43 in the latest trading session, marking a -0.42% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day.Prior to today's trading, shares of the company had lost 10.31% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.29% and the S&P 500's gain of 3.98% in that time.Investors will be eagerly watching for the performance of DraftKings in its upcoming earnings disclosure. The company is forec ...

FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, on Sept. 26, 2022.Vermont launched mobile sports betting Thursday, becoming the latest state to jump into the booming industry.Gov. Phil Scott signed a bill in June authorizing mobile sports betting and announced in December that the state had selected DraftKings, FanDuel and Fanatics to operate its sportsbooks.With Vermont, sports betting is now live in 29 states and Washington, D.C., according to the American Gam ...

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. The millionaire-making secret is to hold high-growth stocks that represent businesses with potential and review business developments on an annual basis. If business fundamentals are sound and there is scope to boost cash flows, valuation readjustments will follow.This column d ...

DraftKings Inc. (DKNG) is set to elevate the sports betting experience in Vermont with the launch of its renowned online sportsbook on Jan 11, 2024. This strategic move expands DraftKings Sportsbook's footprint to Vermont, the 26th U.S. state, complementing its existing operations in Ontario, Canada. With a strong presence in five of the six New England states, DraftKings aims to provide Vermonters with a secure and legal platform for sports betting.Matt Kalish, president of DraftKings North America, expres ...

Shares of DraftKings (DKNG -1.96%) rose 209.5% in 2023, according to data from S&P Global Market Intelligence. The fantasy sports and sports betting expert delivered a steady stream of positive earnings and revenue surprises last year, punctuated by robust progress in the company's business expansion plans.DraftKings chases an expanding American marketThere's no denying that DraftKings' financial results fired on every cylinder last year. The company met or exceeded the consensus analyst targets across the ...

BOSTON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (NASDAQ:DKNG) announced plans to launch its top-rated online sportsbook in Vermont on January 11, 2024. Once live, Vermont will mark the 26th U.S. state, in addition to Ontario, Canada, in which DraftKings Sportsbook operates, further expanding the Boston-based operator's presence to five of six New England states with its online sportsbook. "As a Boston-based company, we are thrilled for the opportunity to further expand in the New England re ...

DraftKings (DKNG 1.30%) is a sports betting company whose stock price over the past few years has mirrored many high-profile growth stocks. From March 2020 to March 2021, its stock price jumped from $12 to $71; by March 2022, it had dropped to $16.Last year was a much-needed bounceback, though. DraftKing's stock had a huge surge in 2023. It's still down more than 50% from its March 2021 peak, but last year was a step in the right direction.Despite its impressive 2023, I believe DraftKing's stock could conti ...

The stock of DraftKings (DKNG 0.91%) certainly divides investors. The online sports betting company has been a favorite of "disruptive growth" investors like Cathie Wood, but it also once garnered the skepticism of short-sellers like Jim Chanos. While the stock is still more than 50% below its 2021 all-time highs, 2023 was a year for the DraftKings bulls, with the stock soaring over 209% and becoming one of the best stocks in the market last year.The question now is: What accounts for DraftKings' improvemen ...

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. There have been attractive stocks to buy in the past that have destroyed their wealth due to weak margins and continued cash burn.Therefore, a key screener in the growth stock space is to look at the EBITDA margin trend. Once operating leverage kicks-in, stocks tend to skyrocket. On the other hand, there are stories like Lucid Group (NASDAQ:LCID) wit ...