DraftKings Inc Class A (DKNG)

21.40
0.78 3.52
NASDAQ
Prev Close 22.18
Open 22.39
Day Low/High 21.33 / 22.85
52 Wk Low/High 22.12 / 74.38
Volume 23.96M
Exchange NASDAQ
Shares Outstanding 799.54B
Market Cap 18.54B
P/E Ratio N/A
Div & Yield N.A. (N.A)
Quant Rating on 4:00 PM EST 1/19/2022

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.

Sports gambling online isn't the pinnacle to profits. iGaming, or online casino games, are much more profitable.

Comments by Mitch McConnell, Jerome Powell and Christine Lagarde had impacts on the market Thursday.

* My continued mantra is less pontificating and more trading/investing * Considering a short in SPY and QQQ on further strength   * Breadth disappointing (negative - 1475 advancers, 1565 decliners on the NYSE) relative to +25 S&P and +210 Nasdaq * I...

One of the research projects I have been working on over the last few weeks has been .  The bottom line is that I am price sensitive - I would be a $36-$38 buyer in the name - it almost got there yesterday morning.

Let's keep an eye on PENN and keep an open mind on the rest.

We're waiting for buy signals that tell us when it's worth placing bets on these two stocks.

Charts and indicators for DKNG look weak.

Looking at the 3 D's: Disney, DraftKings, and Domino's.

Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.

The warrants are trading at a fairly heavy discount.

I'm not bearish PENN in the long-term, but shares are trading 50% above their 50-day simple moving average.

So let's have Caesars take us there, as the casino name looks set to run to a new 52-week high.

My Preference Right Now Is to Buy Pre-Deals

My Preference Right Now Is to Buy Pre-Deals

I've added a few names that I see as a great risk-reward because of the limited downside.

Bond Dog Returns, Market's Boxing Lesson, Possible Fed Next Moves

Bond Dog Returns, Market's Boxing Lesson, Possible Fed Next Moves

The equity markets got bopped in the nose Thursday and were sent reeling.

Will DraftKings Make It Rain for Investors?

Will DraftKings Make It Rain for Investors?

DraftKings was one of Jim Cramer's five previous SPAC recommendations.

Shark Bites: Using Game Theory to Trade the New Soaring Eagle SPAC

Shark Bites: Using Game Theory to Trade the New Soaring Eagle SPAC

This game being widely played right now is part of the reason it is so easy for new SPACs to keep raising money.

Jim Cramer: Pull Up a Chair for Some Laughs at the GameStop Show Trial

Jim Cramer: Pull Up a Chair for Some Laughs at the GameStop Show Trial

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.

How the Pandemic Is Driving Speculative Manias in Stocks and Many Other Markets

How the Pandemic Is Driving Speculative Manias in Stocks and Many Other Markets

While the Fed and stimulus have clearly played roles, the pandemic's psychological effects on many people have also arguably been a factor.

I'm Looking at the Long Side With Foley Trasimene Acquisition

I'm Looking at the Long Side With Foley Trasimene Acquisition

BFT is buying Paysafe, an integrated payments platform that I like.

It Never Really Left But the Bull Market Resumes

It Never Really Left But the Bull Market Resumes

To navigate this market effectively you have to keep looking at leading sectors and themes and watch where the money is rotating.

DraftKings Raised to Buy at Goldman

DraftKings Rated New Sell at Berenberg

Take a Gamble on Wynn Resorts in 2021

Take a Gamble on Wynn Resorts in 2021

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.

We're Getting Too Far Over Our Skis

We're Getting Too Far Over Our Skis

Unfortunately, I envision a very big fall coming to many of the names that have run triple-digits over the past month or so.

Today's Lesson: Reward Requires Risk

Today's Lesson: Reward Requires Risk

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.

IPO Jitters Aside, I See No Change in Market Character

IPO Jitters Aside, I See No Change in Market Character

Here's how I see the action now, and my take on new public offerings and the current worry of some investors.

This Trio of Diverse Stocks Makes for Interesting Stalking

This Trio of Diverse Stocks Makes for Interesting Stalking

The technical patterns of Boeing, Bristol-Myers Squibb and DraftKings are worth tracking for potential buys.

The Buy for Online Gambling Is Landcadia

The Buy for Online Gambling Is Landcadia

Sports gambling online isn't the pinnacle to profits. iGaming, or online casino games, are much more profitable.

Words Matter, Central Bankers Speak, Crypto Thoughts, 3 Nice Earnings Surprises

Words Matter, Central Bankers Speak, Crypto Thoughts, 3 Nice Earnings Surprises

Comments by Mitch McConnell, Jerome Powell and Christine Lagarde had impacts on the market Thursday.

Some Afternoon Observations  

* My continued mantra is less pontificating and more trading/investing * Considering a short in SPY and QQQ on further strength   * Breadth disappointing (negative - 1475 advancers, 1565 decliners on the NYSE) relative to +25 S&P and +210 Nasdaq * I...

DraftKings Is on Deck

One of the research projects I have been working on over the last few weeks has been .  The bottom line is that I am price sensitive - I would be a $36-$38 buyer in the name - it almost got there yesterday morning.

Is Sports Betting an Odds On Favorite on the Charts?

Is Sports Betting an Odds On Favorite on the Charts?

Let's keep an eye on PENN and keep an open mind on the rest.

Stalking Technical Entry Points for Facebook, DraftKings

Stalking Technical Entry Points for Facebook, DraftKings

We're waiting for buy signals that tell us when it's worth placing bets on these two stocks.

DraftKings Is Falling Off Its Throne

DraftKings Is Falling Off Its Throne

Charts and indicators for DKNG look weak.

Few Stocks Pulled Back Last Week, but These 3 Did Just That

Few Stocks Pulled Back Last Week, but These 3 Did Just That

Looking at the 3 D's: Disney, DraftKings, and Domino's.

DraftKings Rated New Buy at Needham

Knife Catching Is a Dangerous Game

Knife Catching Is a Dangerous Game

Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.

I'm Spying a Play on Graf Industrial via the Company's Warrants

I'm Spying a Play on Graf Industrial via the Company's Warrants

The warrants are trading at a fairly heavy discount.

I Like the Setup for a Bearish Call Spread for Penn National Gaming

I Like the Setup for a Bearish Call Spread for Penn National Gaming

I'm not bearish PENN in the long-term, but shares are trading 50% above their 50-day simple moving average.

With the Gaming Boom, All Roads Lead to Rome

With the Gaming Boom, All Roads Lead to Rome

So let's have Caesars take us there, as the casino name looks set to run to a new 52-week high.