DraftKings Inc Class A (DKNG)

49.33
0.09 0.18
NASDAQ
Prev Close 49.24
Open 49.29
Day Low/High 48.67 / 50.01
52 Wk Low/High 10.60 / 64.19
Volume 6.94M
Exchange NASDAQ
Shares Outstanding 793.99B
Market Cap 38.81B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Swimming, who doesn't want to bet on that?

Boy oh boy was this a good tell!  Check out and today - both are up over +5%! Jul 20, 2021 ' 12:14 PM EDT DOUG KASS Green in a Sea of Red (Part Deux) Yesterday I mentioned I often key on stocks that are green in a sea of red on weak days - in a "sea...

Yesterday I mentioned I often key on stocks that are green in a sea of red on weak days - in a "search" for good trading opportunities.   Yesterday and were green and they are following through today.

I often look for stocks that are green in a sea of red - in order to isolate long trading rental opportunities in the days ahead. Two stocks - and - are notable today as potential near term trades on the long side.

DraftKings and Penn National Gaming are moving towards buying territory. Finally.

The biggest problem this action creates is it undermines positive sentiment.

Changes in commodities prices are sending Starbucks and Weyerhaeuser in different directions while DraftKings rebounds from negative news.

* Jim has correctly observed and has tweeted that ARK Invest bought a ton of DKNG stock yesterday * But ARK's DKNG buys have been sub optimal in the past * ARKK continues to leak ARK used that dip in DraftKings to buy a TON of the stock! — Jim Crame...

Hindenberg Research delivers a negative analysis on DraftKings . 

ARK Invest continues to chase Twitter higher (+245k shares), and is adding to and .

Here are some biotech and gaming names I am watching as these sectors begin to rotate.

* Price was not truth in March for the online betting outfits   In early March, when Draft Kings traded at $74, I was considering a short sale.   At that time, DKNG and Penn National were league leaders and everyone was Gaga at the GoGo over on line...

The next time you are shaken out because of the action I need you to remember these examples.

The market came within whiskers of a technical breakdown on Thursday, yet few people seem to know or care.

While headlines shout of new all-time market highs aggressive traders dealing in speculative issues continue to rack up losses.

I recently remarked that the league leading online gaming stocks look like they are rolling over.  That includes Penn National Gaming and DraftKings .  I wouldn't be buying... at current levels.

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.

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.