DraftKings, GlaxoSmithKline, Netflix, Southwest and More Tuesday Afternoon Analyst Calls

With the trading day about halfway over, the broad markets had pulled back slightly. The Dow Jones industrial average, S&P 500 and Nasdaq were in a holding pattern on Tuesday, awaiting remarks from Fed Chair Powell and Treasury Secretary Yellen before the U.S. House Financial Services Committee. 24/7 Wall St. is looking at some big… Continue reading DraftKings, GlaxoSmithKline, Netflix, Southwest and More Tuesday Afternoon Analyst Calls

DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

New York (CNN Business)Several more states voted to legalize sports betting last week, and the good news for the gambling industry continues: DraftKings and the owner of FanDuel both reported solid results this week thanks to the return of many live sports this summer. For the first time, bettors could wager on all four major… Continue reading DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

New York (CNN Business)Several more states voted to legalize sports betting last week, and the good news for the gambling industry continues: DraftKings and the owner of FanDuel both reported solid results this week thanks to the return of many live sports this summer. For the first time, bettors could wager on all four major… Continue reading DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

London (CNN Business)Investors may soon have another way to back the fast growing sports betting market in the United States. London-based Genius Sports and dMY Technology Group (DMYTU), a special purpose acquisition company (SPAC) listed on the New York Stock Exchange, on Tuesday announced plans to merge. SPACs, which give companies an alternative path to… Continue reading DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic

New York (CNN Business)Investors who took a gamble on DraftKings stock when the company went public in April are sitting on a winning ticket. And the company might be one of the clearest examples of the market’s bet on America — and the world’s return to normalcy following the coronavirus pandemic. Shares of the money-losing… Continue reading DraftKings CEO: People are betting on table tennis and Tiger King during the pandemic