A new working paper from Fed economists, alongside researchers at Northwestern and Johns Hopkins, concludes that Kalshi rivals or beats professional Wall Street forecasts on key economic data, and does it in real time.What The Paper FoundOn headline CPI, Kalshi delivered a statistically significant improvement over the Bloomberg consensus forecast. On core CPI and unemployment, it ran neck-and-neck with professional forecasters surveyed by the New York Fed, but updates continuously, rather than every six we ...

DUBLIN and TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Flutter Entertainment (“Flutter”) (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its fourth quarter and full year 2025 financial results after market close on February 26, 2026 at 4:05 p.m. EST (9:05 p.m. GMT). All related materials will be available through the “Investors” section of the Flutter website at www.flutter.com. Flutter management will host a conference call on February 26 a ...

These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?Astera Labs, Inc. (NASDAQ:ALAB) decreased 23.74% this week after the company reported fourth-quarter financial results. Tech stocks are also lower after Cisco Systems issued a cautious margin outlook, reigniting investor concerns about the durability of profits tied to the AI trade.Medpace Holdings, Inc. (NASDAQ:MEDP) slumped 20.69% this week after the company reported fourth-quarter financial results. Also, mu ...

Core Viewpoint - Flutter Entertainment is currently viewed as a stock with significant upside potential, despite recent price target reductions by analysts due to a slowdown in US online sports betting growth [1][2]. Group 1: Analyst Ratings and Price Targets - UBS has lowered its price target for Flutter Entertainment from $320 to $300 while maintaining a Buy rating, citing pressure on the company's equity story due to a slowdown in US online sports betting [1]. - Bernstein analyst Ian Moore has also reduced the price target for Flutter from $225 to $170, keeping a Market Perform rating ahead of the company's quarterly results [3]. Group 2: Financial Forecasts and Market Position - The recent trends have led UBS to adjust its forecasts for Flutter's performance in 2026 and 2027 to slightly below consensus expectations, indicating anticipated share volatility until US performance becomes clearer [2]. - Despite the challenges, Flutter maintains a leading global position in the sports betting and gaming industry, with strong long-term structural tailwinds [2].

This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Friday. This is TheStreet’s Stock Market Today for Feb. 13, 2026. You can follow the latest updates on the market here in our daily live blog. Update: 4:00 p.m. ET Closing Bell The U.S. market is closed for the day(and the week). The Russell 2000 added 1% on rate cut hopes, while the. large cap indexes shed their intraday gains. The Dow (+0. ...

Is there a cause-and-effect relationship between the flourishing of prediction markets and the kneecapping of the stocks traditional online betting sites like DraftKings (NASDAQ:DKNG | DKNG Price Prediction) and Flutter Entertainment (NASDAQ:FLUT) have suffered in the past 12 months? Prediction markets surged in 2025, with trading volumes reaching $63.5 billion, a fourfold increase from $15.8 billion in 2024. Platforms like Polymarket and Kalshi drove this growth, enabling bets on outcomes across politics, ...

Core Viewpoint - Flutter Entertainment plc (NYSE:FLUT) is identified as one of the best beaten down growth stocks to buy now, despite a recent target price cut by Canaccord [1]. Group 1: Company Overview - Flutter Entertainment plc is an online betting and gaming company primarily operating in the United States, the UK, Ireland, and Australia, founded in 1988 and based in New York [4]. Group 2: Market Sentiment and Performance - Canaccord reduced its target price on Flutter Entertainment by 10% to $270 from $300 but maintained a Buy rating, citing that the market's negative sentiment towards digital gambling stocks was an overreaction [1]. - The decline in total handle (total bets) in December, which was $747 million, represented a 9.3% decrease from the previous year, while revenue increased by 351.6% to $68 million due to an improved hold rate [2]. - US-wide figures showed a total handle of $13.5 billion in December, a 14.4% decline from the previous year, yet revenue rose by 78.4% to $1.7 billion, with the hold rate improving to 12.3% [3].

Core Viewpoint - Cathie Wood's ETFs sold 785,490 shares of DraftKings amid concerns over increased competition from prediction markets, although these fears may be exaggerated, suggesting there are better investment opportunities in the online betting sector than DraftKings at this time [1]. Company Overview - DraftKings, based in Boston, operates retail sports betting in 28 states and has a prediction markets app available in 38 states, also allowing online bets on casino games [2]. Financial Performance - DraftKings has a market capitalization of $13.5 billion and a forward price-to-earnings (P/E) ratio of 22x. In Q3, the company's revenue increased by 4% year-over-year to $1.14 billion, with an operational loss of $272 million, an improvement from a $298.6 million loss in Q3 of 2024. The company forecasts its 2025 EBITDA, excluding certain items, to be between $450 million and $550 million [3]. Market Trends - As of February 9, DraftKings' stock had decreased by 21% in 2026, while the S&P 500 Index rose by 1.75% during the same period [4]. - The popularity of prediction markets for sports betting has surged, particularly since Kalshi began allowing users to bet on sporting events, following a lack of federal opposition during the Trump administration [5]. - The decline in shares of sportsbook operators like DraftKings and Flutter indicates expectations of a shrinking market share for sportsbooks. Analysts have also reduced Flutter's Q4 adjusted earnings per share (EPS) estimates by 49% in the last three months [6]. Betting Activity - Total wagers on the Seahawks during this year's Super Bowl reached $1.5 billion, indicating substantial financial activity within major online sports-betting platforms [7].

Core Viewpoint - Shares of Flutter Entertainment plc have returned to 2020 levels, losing three years of gains, reflecting a significant decline in investor confidence in the online gambling sector [3][4]. Group 1: Reasons for the Decline - The decline in Flutter's stock is attributed to increased competition from pure prediction market players, raising concerns about margin pressure and operational shifts in betting markets [4]. - There is ongoing frustration regarding Flutter's path to consistent profitability, with investors growing impatient over the lack of clear timelines for earnings leverage despite strong top-line growth [5]. - The competitive landscape remains intense, with rivals like DraftKings Inc. aggressively spending, which keeps acquisition costs high and limits margin expansion potential [6]. Group 2: Potential Recovery Indicators - Flutter's shares have dropped over 50% from last summer's highs, but the stock is now considered deeply oversold and near long-term support levels, which historically attract buyers [8]. - Analysts suggest that the selloff may have been excessive relative to the company's long-term opportunities, with some predicting a potential upside of up to 50% [8]. - The current risk/reward profile appears attractive, with technical indicators suggesting that selling pressure may soon exhaust itself [9].

Company Movements - Hims & Hers Health (HIMS) is experiencing a 15% decline in premarket trading after announcing it will stop offering a compounded version of Novo Nordisk's Wegovy pill due to pressure from Novo and FDA scrutiny [3][4] - Novo Nordisk shares rose by 7% in premarket trading following HIMS's announcement [4] - Samsung Electronics (SSNLF) shares increased by 6.4% after reports of imminent mass production of HBM4 memory chips, which are essential for AI infrastructure [4][5] Industry Developments - Luckin Coffee (LKNCY) is targeting Starbucks (SBUX) premium market with the opening of its first flagship store in Shenzhen, marking a shift from its budget store model [5][6] - The new flagship store features higher-priced offerings compared to Luckin's typical $1-$2 drinks, and it is the first to use high-end semi-automatic coffee machines [7]