DraftKings: New highs not a gamble for this market

Key PointsDraftKings had a solid quarter despite missing the analysts' consensus for revenue by less than 100 bps. Adjusted margin improved and was better than expected, leading to enhanced guidance. Analysts are defending their bullish positions and helping to support the market; a rebound may come soon. 5 stocks we like better than DraftKingsThe DraftKings Inc. NASDAQ: DKNG share price fell more than 5% following the Q4 release and guidance update, and it could be bad news for investors. A 5% move is subs ...