I can't believe it myself, but with the stock down nearly 30% from the February peak, ahead of what, I believe, will be a pivotal yearI aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big w ...

DraftKings Inc. (DKNG) stock has gained 17.6% over the past six months, outpacing the gaming industry’s 11% growth and the S&P 500’s 8.7% rise. The company continues to thrive, fueled by a surge in new online Sportsbook and iGaming customers, along with an expanding portfolio of innovative product offerings.As of Tuesday, the stock closed at $41.30, below its 52-week high of $53.61 but well above its 52-week low of $28.69. In the past six months, the stock has outperformed other industry players like Wynn R ...

Core Insights - DraftKings Inc. is reinforcing its commitment to Responsible Gaming through various initiatives during Problem Gambling Awareness Month, including the renewal of its State Council Funding Program and the launch of a national advertising campaign [1][6] State Council Funding Program Renewal - The State Council Funding Program, launched in 2022, has provided over $2 million to state councils and affiliates of the National Council on Problem Gambling to support educational campaigns and resources [3] - In 2025, DraftKings will distribute over $500,000 to 34 U.S. state problem gambling councils, including states where it does not operate [3] My Stat Sheet Impact - My Stat Sheet, launched in 2024, offers players personalized insights into their gaming behavior, with nearly half of all DraftKings players visiting the tool and a total of 13 million unique visits [4] - The tool provides detailed views of players' gaming activities, promoting reflection and responsible play [4][5] National Responsible Gaming Advertising Campaign - DraftKings is launching a national Responsible Gaming advertising campaign with a commitment of over $10 million, emphasizing the importance of setting limits and making informed choices [6] - The campaign is developed with branding support from the NFL and NBA and aims to reach millions of viewers during NCAA basketball tournaments [6] Additional Responsible Gaming Tools - DraftKings offers a suite of Responsible Gaming tools, including deposit and wager limits, alerts, cooling-off periods, and self-exclusion options [7] - The company has supported various initiatives across different states to enhance resources and education for problem gambling [7]

Shares of DraftKings Inc (NASDAQ:DKNG) were last seen down 3.9% at $39.99, after the sports betting giant closed on its senior secured Term Loan B credit facility for an increased $600 million -- up from the initially announced $500 million on the heels of higher demand.The stock is now trading below its 126-day moving average, after spending a considerable amount of time above it. Specifically, DKNG had traded north of this trendline 80% of the time in the past two months and in eight of the last 10 sessio ...

BOSTON, March 04, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it has successfully closed on its senior secured term loan B credit facility in an aggregate principal amount of $600 million (the "Term Loan B"). The size of the Term Loan B was increased from the previously announced $500 million aggregate principal amount due to strong demand. The Term Loan B will mature in March 2032 and has an interest rate equal to the Secured Overnight Financi ...

BOSTON, March 03, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company’s Chief Executive Officer and Co-founder, will participate in the following event: The Morgan Stanley Technology, Media & Telecom Conference. The fireside chat is scheduled for 3:20PM ET on March 4, 2025. Registration and the live audio portion of the Morgan Stanley Technology, Media & Telecom Conference can be accessed at the conference website or at Draft ...

DraftKings (DKNG) closed the last trading session at $44.27, gaining 7.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $57.16 indicates a 29.1% upside potential.The average comprises 31 short-term price targets ranging from a low of $35 to a high of $68, with a standard deviation of $7.44. While the lowest estimate indicates a decline of 20.9% from the current price level, the m ...

Core Viewpoint - DraftKings (DKNG) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Estimate Revisions - Analysts have expressed growing optimism regarding DraftKings' earnings prospects, as evidenced by the upward trend in estimate revisions, which typically correlates with stock price movements [2]. - For the current quarter, DraftKings is expected to earn $0.25 per share, reflecting a remarkable increase of +183.33% compared to the same period last year. The Zacks Consensus Estimate has risen by 10.35% over the past 30 days [4]. - For the full year, the earnings estimate stands at $1.51 per share, representing a substantial change of +243.81% from the previous year. The consensus estimate has increased by 80.32% due to three upward revisions against one downward revision in the past month [5]. Zacks Rank - The favorable estimate revisions have led DraftKings to achieve a Zacks Rank 2 (Buy), indicating strong potential for outperformance compared to the S&P 500 [6]. - Historically, stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance, with Zacks 1 stocks averaging an annual return of +25% since 2008 [3][6]. Investment Outlook - DraftKings has experienced a 10.2% increase in stock price over the past four weeks, driven by strong estimate revisions, suggesting that there may still be further upside potential for investors [7].

Group 1 - DraftKings (DKNG) is a notable stock in the Consumer Discretionary sector, which consists of 265 individual stocks and ranks 4 in the Zacks Sector Rank [2] - DraftKings has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for its full-year earnings increasing by 81.2% over the past 90 days [3] - Year-to-date, DraftKings has gained approximately 22.5%, significantly outperforming the average return of 10.2% for the Consumer Discretionary sector [4] Group 2 - The Gaming industry, which includes DraftKings, has 39 individual stocks and currently ranks 36 in the Zacks Industry Rank, with an average gain of 1.8% this year [5] - Fox Corporation (FOX), another stock in the Consumer Discretionary sector, has also outperformed the sector with a year-to-date increase of 15.9% and holds a Zacks Rank of 1 (Strong Buy) [4][5] - The Broadcast Radio and Television industry, to which Fox Corporation belongs, ranks 67 and has seen a gain of 12.2% this year [6]

Group 1 - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the availability of resources such as "The Smartest ever Guide to Gaming Stocks" for both existing members and new subscribers [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads an investing group called The House Edge, focusing on actionable research in the casino, online betting, and entertainment industries [2] - Klein's investment strategy is centered around value investing, utilizing management quality as a key factor in informing investment decisions [2]