|Day Low/High||57.83 / 59.98|
|52 Wk Low/High||15.55 / 74.38|
Let's look at Draftkings as it approaches earnings.
Let's wait and see if we get a test of the top end of the $53-$48 area.
Some observations: * Ss over Ns. And the Russell is not crowing. (I added to my and shorts on the morning's strength). * Banks are lower in a sea of green this morning. It is my view that bank stocks are vulnerable after the runup. I will have a co...
Here we'll check for opportunities in these two online names.
Here's our latest line on DKNG stock.
* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...
Here's where I'm comfortable increasing equity exposure to this growing business.
Overall, I view this as a long-term buy-and-hold name.
The most important thing if you are a GameStopper is that you have to ponder how Unity is worth $29 billion and Activision is worth $79 billion.
Some mixed action is favorable as it sets the stage for a more aggressive push higher next week.
The key here is bonds.
What makes GNOG particularly interesting right now is that it has recently called its warrants.
This has given investors an opportunity to load up on small speculative names I love over the next 12 to 18 months.
There is potential to turn VZ from a stable telecom into a 'growthy' type name.
I've added a few names that I see as a great risk-reward because of the limited downside.
The equity markets got bopped in the nose Thursday and were sent reeling.
DraftKings was one of Jim Cramer's five previous SPAC recommendations.
This game being widely played right now is part of the reason it is so easy for new SPACs to keep raising money.
There was plenty of idiotic behavior to go around amid the recent short squeeze frenzy, but it doesn't appear to reach the level of illegality.
While the Fed and stimulus have clearly played roles, the pandemic's psychological effects on many people have also arguably been a factor.
BFT is buying Paysafe, an integrated payments platform that I like.
To navigate this market effectively you have to keep looking at leading sectors and themes and watch where the money is rotating.
Wynn has been severely crippled by the pandemic, but the company could be in a position to grow significantly with some great leverage and properties.
Unfortunately, I envision a very big fall coming to many of the names that have run triple-digits over the past month or so.
It is the nature of trading to be caught by surprise and the most important thing is to just take it in stride the best you can.
Here's how I see the action now, and my take on new public offerings and the current worry of some investors.
The technical patterns of Boeing, Bristol-Myers Squibb and DraftKings are worth tracking for potential buys.