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The Latest Breaking News from DraftKings Inc

Is DraftKings a Buy Before the Next Sports Betting Surge?

DraftKings (DKNG) posted mixed second-quarter results, surpassing earnings expectations but missing the consensus estimate for revenue. With prevailing macroeconomic risks, legal challenges, and deteriorating financial health, should investors consider DKNG a buy before the next sports betting rise? Read on to know more.

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2 Growth Stocks Named 'Top Picks' By Analysts This June

With markets hitting new highs this June, analysts recommend these two standout stocks because of their strong growth potential.

Barchart

Can 2024 be a Winning Year for DraftKings (DKNG) and Monarch Casino & Resort (MCRI) Stocks?

The entertainment casino industry is benefiting from the unprecedented growth of online gambling activities, rising disposable income, and easy accessibility. Therefore, let’s delve into the fundamentals of entertainment casino stocks Monarch Casino & Resort (MCRI) and DraftKings (DKNG) to gauge their suitability as portfolio additions. Read on….

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What Lies Ahead for DraftKings (DKNG) and Canterbury Park (CPHC) in 2024?

The entertainment industry is benefitting from stable demand, rapid digitalization and technological advancements. Therefore, let’s assess the prospects of entertainment stocks Canterbury Park Holding (CPHC) and DraftKings (DKNG).

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DKNG, BYD or LVS: Analyzing the Best Entertainment Stock to Buy

Resort and gaming operators are incorporating seamless digital elements into their in-person experiences, envisioning a hybrid future. Given the advancements in the industry, which entertainment stock, Boyd Gaming (BYD), Las Vegas Sands (LVS), and DraftKings (DKNG), would make the best buy? Read more to find out….

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Entertainment Buy or Sell? Analyzing DraftKings (DKNG), Las Vegas Sands (LVS) and Golden Entertainment (GDEN)

The entertainment industry is expected to flourish due to technological advancements and evolving consumer demand. While the industry outlook may seem promising, let us analyze whether to Buy, Hold, or Sell entertainment stocks Golden Entertainment (GDEN), Las Vegas Sands (LVS), and DraftKings (DKNG). Read more to find out.

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Is DraftKings (DKNG) a Buy in Time for Football Season?

With the football season starting this month, should investors buy sports betting stock DraftKings (DKNG) when it is facing stiff market competition? Let’s look at its financial metrics to gauge its prospects….

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DraftKings CEO Highlights ‘Sustainable Model’ For Company With High Flow Through, Great Execution

Sports betting operator DraftKings Inc shares rose last week after reporting second quarter results

Zenger

DraftKings CEO Says Messi ‘A Big Game Changer For MLS,’ Women’s World Cup

The kickoff of National Football League's 2023 season could be a big catalyst for sports betting companies like DraftKings Inc.

Zenger

DraftKings Q2 Earnings Highlights: Revenue Beat, EPS Beat, EBITDA Profitability, Guidance Lift And More

Sports betting and iGaming company DraftKings Inc. reported second-quarter financial results after the market close

Zenger

2 Gambling Stocks Every Investor is After -- 1 to Watch for Momentum

Technological innovation and the unprecedented rise in popularity of online gambling are driving the growth of the gambling market. Hence, it could be wise to buy fundamentally strong gambling stocks Boyd Gaming (BYD) and International Game Technology PLC (IGT), while DraftKings (DKNG) could be watched for momentum. Keep reading.

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DraftKings Inc. (DKNG) vs. Monarch Casino & Resort (MCRI): Which Stock Should You Buy Now?

The entertainment industry is poised for long-term growth supported by continuous technological advancements. While entertainment stocks DraftKings (DKNG) and Monarch Casino & Resort (MCRI) should benefit from rising interest in online gambling and sports betting, let us determine which could be a wise investment now.

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Is DraftKings (DKNG) a Buy TODAY?

Sports betting and gaming company DraftKings’s (DKNG) steady revenue growth and its 2023 guidance upgrade raise optimism. However, its top-line growth does not translate to bottom-line improvement. So, is DKNG worth betting on? Let’s look at the company’s key financial metrics to find out.

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1 Stock You Shouldn't Gamble With in 2023

Despite DraftKings (DKNG) raising its guidance, the company's fundamentals do not make a convincing investment case for the stock. Read on….

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1 Stock Worth Gambling on in 2023 and 2 That Aren't

Technological innovation and increasing legalization is driving the growth of the gambling market. However, not all gambling stocks are expected to gain from the industry tailwinds. We think it could be wise to buy fundamentally strong gambling stock Boyd Gaming (BYD) and avoid DraftKings (DKNG) and Esports Entertainment (GMBL) due…

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2 Best Gambling Stocks to Buy in 2023 and 1 to Avoid

While digital innovations continue to boost the gambling industry, strict regulations might hamper the industry’s prospects. We think fundamentally strong gambling stocks Boyd Gaming (BYD) and Accel Entertainment (ACEL) are poised to deliver steady returns and might be solid buys this year. However, fundamentally weak DraftKings (DKNG) might be best…

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2 Stocks That Don’t Mix Well With a Potential Recession

As recessionary fears loom largely over the economy, fundamentally weak stocks DraftKings (DKNG) and Beyond Meat (BYND) don’t seem to mix well and might be best avoided. Read more….

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5 Vulnerable Stocks to Avoid the Rest of This Year

Despite the expected slowdown of interest rate hikes, investors are concerned about a recession next year. This could mean more pain for stocks that have already fallen significantly this year. Amid this backdrop, investors should avoid fundamentally weak stocks Advanced Micro Devices (AMD), DraftKings (DKNG), SoFi Technologies (SOFI), ContextLogic (WISH),…

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1 Gambling Stock to Buy in Q4 and 1 to Still Avoid

The gambling industry is well positioned for healthy long-term growth in a post-pandemic world driven by increasing disposable income and the growing popularity of online gambling platforms. While it could be wise to invest in fundamentally strong gambling stock Boyd Gaming (BYD), struggling industry participant DraftKings (DKNG) might be best…

Benzinga

DraftKings Fails To Win Investors With Q3 Results, Guidance: Could The Company Be Left Behind Over Peers Closer To Profit?

Sports betting and online casino company DraftKings Inc (NASDAQ: DKNG) reported third-quarter financial results before market open Friday. Here are the key highlights and why shares are dropping.

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2 Brutal Sell-off Stocks to Avoid This Fall

The Fed seems to be gearing up to respond to hotter-than-expected inflation and employment data for September with further aggressive interest rate hikes. Hence, with market volatility set to become more severe, fundamentally weak stocks Coinbase Global (COIN) and DraftKings (DKNG) are best avoided now. Read on….

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Is DraftKing Stock a Buy After Scoring a Deal With ESPN?

Shares of sports-betting company DraftKings (DKNG) are currently trading more than 75% below their 52-week high, beaten down by volatile market conditions. Furthermore, the company reported a significant loss in its last quarter. Also, analysts expect the company’s EPS to remain negative for at least the next two fiscals. However,…

StockNews.com

2 Beaten-Down Nasdaq Stocks to Avoid

The NASDAQ Composite has been facing significant turmoil due to successive rate hikes. As recessionary fears loom over the economy, beaten-down stocks DraftKings (DKNG) and Affirm Holdings (AFRM) might be best avoided until further notice. Read more….

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Cathie Wood Is Loading up on These 5 Stocks -- Should You?

Cathie Wood’s ETFs have hit a rough patch this year amid volatile market conditions caused by sky-high inflation and the Fed’s hawkish tilt. Moreover, the stock market is expected to remain under pressure in the coming months since the central bank intends to keep hiking rates. So, we think it…

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5 Overhyped Stocks on Wall Street to Avoid Right Now

Wall Street has been abuzz with the return of the meme stocks craze over the past few months. However, as the stock market is expected to remain under considerable pressure in the upcoming months, it could be wise to avoid fundamentally weak overhyped stocks Rivian Automotive (RIVN), Coinbase (COIN), DraftKings…

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