CNBC’s Jim Cramer on Friday explained why he thinks there could be an opportunity to buy DraftKings following the stock’s recent losses, saying competition from online prediction markets isn’t a major threat to business. “I’m not backing away from this stock. I think the prediction market fears are overblown here, so if you don’t already…
My top 10 things to watch Tuesday, Sept. 9 1. Apple is expected to announce the skinniest version of the iPhone ever as part of its refreshed iPhone 17 lineup today at its fall hardware event, starting at 1 p.m. ET. This could be the kind of product that convinces some people to ditch their…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) On-line sports betting company DraftKings (DKNG) has yet to recoup its losses associated with the stock market’s tariff-related sell-off. DKNG peaked in mid February (same as the S & P 500 Index) and then sold off hard, until ricocheting in early April (same as…
Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs upgrades Hasbro to buy from neutral Goldman says it sees upside to consensus for the toy company. “We upgrade shares of Hasbro (HAS) to Buy (from Neutral) and increase our Price Target to $85 ($66 prior), representing 21% total potential return.” Read more…
Check out the companies making headlines in midday trading: Warner Music Group — The entertainment stock popped 3% following an upgrade at Citi to buy from neutral. Citi analyst Jason Bazinet said Warner Music’s multiple is “far below” those of its peers. Roku — Shares popped nearly 14% after the streaming company reported fourth-quarter results…
10 things to watch Friday, Feb. 14 — Today’s newsletter is written by Director of Portfolio Analysis Jeff Marks. 1. Wall Street is tracking for a lower open following a strong rally in the prior session. Stocks got a boost Thursday after learning that President Donald Trump’s planned reciprocal tariffs won’t take effect immediately. The…
Sports betting company DraftKings could see strong gains ahead due to this year’s Super Bowl betting activity and the Philadelphia Eagles’ victory, according to Bank of America. Compared to last year’s Super Bowl, both FanDuel and New Jersey’s Division of Gaming Enforcement reported a 19% gain in wagering, and GeoComply reported a 14% increase in…
Small-cap stocks could be on the verge of a renaissance as attractive valuations and secular trends bring about sharp gains, according to portfolio managers at Baron Capital. Baron Capital, known for being an early and big investor in Tesla, has a sizable exposure to small caps, especially those with a growth tilt. The Baron Growth…
Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock gained nearly 7%, continuing to rally on the heels of Donald Trump winning a second presidential term. The Elon Musk-helmed company saw its market capitalization rise to $1 trillion on Friday. Shares have gained more than 26% this week. Trump…
Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing on both top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92…