DraftKings Inc. (NASDAQ:DKNG)
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StockMarketMentor: ...
Protect your money. Be on defense. If you want to gamble, go to $DKNG. If you want excitement, put on a blindfold and run across the 405 freeway. That'll get your heart going!
If you are a nimble trader, there is actually plenty to do. But t ... - bigbartabs: @StockMarketMentor $META $NVDA $AMZN $AAPL $DKNG $ANET ... $SPX broke the 50dma 3 times in the last 6 days. Might be showing promise if those 3 stay on the low trend line.
- jeffslm: @BarryC $IWM - $DKNG - still short?
- BarryC: @jeffslm $IWM $DKNG No, sir... I was Green yesterday and covered breakeven this AM...
- BarryC: I shorted $DKNG against todays high....
- bigreek42: $DKNG DONE GOING DOWN FOR NOW?
- kenb: $DKNG continuing its run up from late May, up another 3 1/2% today.
- Mikev200: $DKNG watching for move back above 50d this week.
- camaro69: $DKNG close to moving into it's gap down from 5/28
- camaro69: $DKNG small starter. I wonder if the sell off might be over done
- wijimmy: $DKNG, $FLUT ... OVERREATION ??? here...$DKNG down 11% due to the Illinois Senate approved a 2025 budget that includes a sports betting tax hike. going from 15% to 40% apx..
- vitoB: @wijimmy $DKNG $FLUT ...i think so ,, in $DKNG for short dtrade, and long $FLUT as well but holding a smaller position with no stop add a small amount as it looks like it needs to tag that 150d
- vitoB: @vitoB $DKNG $FLUT out of $DKNG dtrade
- Crodmm: $DKNG Spike on volume
- DavidG: $DKNG 39.5 possibly downside support. A lot of buy volume came in around 3:00PM
- traderbren: $DKNG - could be poised for the next leg higher after testing the 50d this morning.
- Lavrock: @traderbren $DKNG $FLUT - Take a look at $FLUT which owns Fanduel and is changing its primary listing from London to the NYSE on May 31st. It looks to me to be the preferred trade of the two stocks now. Some comparisons: Market Cap - FLUT 37.10B, DKNG 21.08; Sales - FLUT 11.84B, DKNG 4.07B; Forward P/E - FLUT 24.20, DKNG 52.89.
- Cjauger: $DKNG regains the 50
- wijimmy: $DKNG ... Popping above the 50day...and filling the gap after ER Friday a bunch of price adjustments this morning... BMO Capital Adjusts DraftKings' Price Target to $54 From $51, Outperform Rating Maintained.. Stifel Adjusts DraftKings' Price Target to $51 From $50, Buy Rating Maintained. Needham Adjusts DraftKings' Price Target to $60 From $58, Buy Rating Kept. Barclays Raises DraftKings' Price Target to $54 From $52, Overweight Rating Maintained. Citigroup Adjusts DraftKings' Price Target to $57 From $53, Keeps Buy Rating
- Onthemark: Longs doing well today: $CELH, $LLY, $DKNG, $CAVA and $GTLS
- wijimmy: $DKNG .... E/R 5/2 after market ...Started off nice for 5 minutes on Upgrade .. ..Susquehanna Maintains Positive on DraftKings, Raises Price Target to $56 04/29/2024 07:42AM • Benzinga Susquehanna analyst Joseph Stauff maintains DraftKings (NASDAQ:DKNG) with a Positive and raises the price target from $54 to $56.
- wijimmy: $DKNG .. working well this morning closing in on the 50day.... all others in the sector NOT looking to good today....
- DAN: Question: Didn't I suggest closing all or most of the stocks on the ATI list a week or so ago? I've been scrambling so much that I'm a bit confused. Somebody throw me a bone, because I see $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS and $NVDA still open.
- wineinquirer: @DAN $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS $NVDA I do recall that your suggestion was to close out most, if not all, in the name of playing defense, Dan
- billyzeke: @DAN $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS $NVDA Yes, last Friday you said you had no stocks to worry about going into the weekend and that we should have been out to by that point.
- DAN: @DAN $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS $NVDA That's what I thought. Sorry I didn't deactivate them. (I'm going to put on a couple of new ones...short ETFs. Market sucks, and will suck harder).
- PTinME: @wineinquirer $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS $NVDA I think Dan is trying to say that this is not a good time to be long anything. But in the end what we do with our accounts is a personal decision. I have a few things open but very small positions. The market could go higher but it's more likely to go lower. If we can just keep small positions or just step to the sidelines we eventually find another uptrend where money is easy.
- DavidK: @DAN $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS $NVDA an old saying from years ago , when someone states “I thought “ smartass reply is “ you thought like Nelly , thought cat shit was jelly and ate it .”
- JosephM: @DAN $META $IBIT $COIN $MSTR $DKNG $AMZN $HUBS $NVDA I have noticed this isn't maintained that well. Names will stay on well after the recommended stop. Confusing. Have a good day.
- Onthemark: Those I own holding up well besides $GCT are $SCHW, $SPRY and $DKNG
- scottrades: $DKNG Above the 50 Day
- woodman: $DKNG - 50d has almost caught up. BBs need to tighten up some more still.
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DAN: ...
$DKNG -- Playing much better than Purdue did. Status quo on the online gambling biz.
$IBIT -- The suggested stop was at 39.10. That stop was hit yesterday. Bitcoin is in a resting phase.
No issues with $META and $MSFT.
$NTNX is looking good.
... - Simar297: Is it good idea to sell $Uber and enter $DKNG at this price, please advise
- scottrades: My notes: $SPY CPI Tomorrow $QQQ Support at the 50 Day $IWM Sideways $DXY Watch tomorrow $TNX Watch tomorrow $GLD Higher High but extended $SMH Consolidation $XHB Around the 8/21 EMA $IBIT Back in the pattern $ANET Under a slope $MSFT Basing $AMZN Still in trend $AXON On the 21 EMA $CELH Under resistance $CRM Clear resistance $DKNG At the 21 EMA $DXCM Watch 142 $HUBS grinding around $NET Sitting on the 50 Day $LZ Tightening up. $TOST Above the 8/21 EMAs
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DAN: ...
$DKNG -- This one had a volatile day, but we're still up by about 4%.
$HUBS -- Well finally we've got one that worked well. $HUBS jumped by 5.3% on speculation that Alphabet might be making an offer. It's complicated and I doubt anything is coming ... - kenb: @DAN $SPY $QQQ $VIX $AMD $NVDA $UBER $CYBR $MSFT $AMZN $NTNX $DKNG $HUBS $ANET $IBIT $COIN $META $MSTR I agree with this, the market mood has changed as you point out. "Take notice that the breakouts aren't working well, and the "pinch and pops" are pinching, but not popping. They're more like pinch and plops." You have given us pearls with this.
- Cjauger: $DKNG, $NTNX $META look constructive
- DAN: @kenb $SPY $QQQ $VIX $AMD $NVDA $UBER $CYBR $MSFT $AMZN $NTNX $DKNG $HUBS $ANET $IBIT $COIN $META $MSTR Thanks Ken. I'm glad that this makes sense to you.
- Cjauger: Very frustrating market. $META, $AMZN, $DKNG, $MSFT All these charts look like they either are breaking out or about to breakouts. If it were not for yesterday’s nasty red bar, I would be all in. Welcome Any thoughts and or perspective from this forum.
- scottrades: Nice strength on $DKNG
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DAN: ...
$DKNG -- After a big pullback last week, the stock is stable and using the 50-day moving average as a reference for stops. The short-term trend is essentially sideways, so we go down to the first safety net for a trend guide.
$HUBS -- Down a bit m ... - Timothyja38: Anyone has ideas on $Dkng
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DAN: ...
$DKNG -- This has been pulling back for the past several days and is now at the 20-day moving average. However, despite the pullback, we're still up on this idea with an entry at 43.70. No change.
$ANET -- Status quo.
$IBIT -- Bitcoin is down ... - Cjauger: $DKNG finding its footing
- scottrades: My notes: $SPY At the 21 EMA $QQQ Under the 21 EMA $IWM At the 21 EMA $DXY Close to a pivot $TNX Above resistance $GLD Higher High $GDX Out of the triangle. $XLE Still going. $SMH Basing $XLK At the 50 Day $IBIT The halving is April 19 (est.) $DELL Still in trend $UBER at the 50 Day $NVDA at the 21 EMA $HUBS At the 50 Day $ANET at the 21 EMA $SNPS At the 50 Day $WING At the 21 EMA $CRWD At the 50 Day $NVO Good volume above the 50 $IOT Near the 50 Day $NET Good volume near the 50 Day $DKNG At the 21 EMA
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DAN: ...
$DKNG -- Up about 4% and holding at the bottom of a pretty dramatic second phase of a volatility squeeze.
$HUBS -- We're about flat on this one with an entry of 623.72 and a suggested stop at 589.10. It was just added on the 28th and it looks li ... - woodman: $DKNG back to the 20d support area on this pullback following the breakout on 3/20. This brings it back to the breakout level. Setting up for another attempt to move up.
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curtis: @woodman $DKNG (I held this) - It wasn't easy. Had to go to Gym at lunch to avoid watching this, stop at 41.50
Current Action: DraftKings fell sharply Wednesday after the NCAA moved to ban prop betting in college sports. DKNG joined Leaderboard on M ... - woodman: $DKNG (Lou, hide your eyes) - finding its footing on the 21dEMA. I added on the drop yesterday.
- chrisbman360: @woodman $DKNG I did the same. Seems drop was overdone. What you using as a stop? Just below Yesterdays low is what I'm thinking? Dan has ATL stop at 41.5 which seems too much room.
- chrisbman360: @Lou $DKNG $DUEL No offense taken Lou but in retrospective couldn't what we doing here in the stock market also be viewed as gambling? Trying to pick a winner, placing our bets, hoping to have a winning streak? Wall Street has the house advantage over us retail investors but at least we can manage risk and it's not all or nothing bets which is an advantage over these online sites. I personally won't invest in tobacco companies even with their great dividends for similar sort of reasons. We as investors all have to follow our own path...and hopefully make some money along the way ;-)
- Lou: @chrisbman360 $DKNG $DUEL - you misunderstand me - I have absolutely no objection to gambling per se. My concern is for all of the people who are subsisting on relatively low incomes and splurging on prop bets on their mobile devices in the hope of hitting it big. This is particularly of concern for younger low income workers. Yes, we're participating in the stock market casino and some of us can go broke. But with margin requirements and internal vigilance and controls, the brokers can limit losses incurred by their clients.
- Lou: @Lou $DKNG $DUEL - PS to @woodman - go get 'em tiger! Not judging you or anyone else. I just choose to not participate.
- shoredriver: $DKNG....no perkiness for you....
- billyzeke: Glad I moved my stop up on $DKNG. What happened there?
- jpoko13: @billyzeke $DKNG heebie jeebies LOL
- DavidG: $DKNG huge intraday down volume.
- billyzeke: @jpoko13 $DKNG No kidding! LOL
- Henry: @DavidG $DKNG Double wammy The NCAA doesn't want betting on college games and Sen Blumenthal (Stolen Valor) says they target people with gambling addiction, one sin I missed out on.
- ZMan2: @Henry $DKNG Thanks for the heads up. Got out with a 5% gain.
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Lou: ...
I am therefore foregoing potential market gains from investing in $DKNG $DUEL and the like.
- wjj3: @DAN $LULU $META $DKNG $CLSK $ANET $AMZN $MSFT buy sell or hold $ANET
- MongosPawn: @Lou $DKNG $DUEL Rational. Not offended.
- joelsg1: @Lou $DKNG $DUEL I also worked 2 summers near Monticello while in college, my girlfriend at the time worked at Grossingers and I managed a small park/lake. A friend's uncle owned a trotter at the racetrack and we'd go each week to watch and bet on him, he won something like 6 races in a row at the lowest class, and we made out like bandits, but then the stewards moved him up in class and he never won again. Lots of fixes in harness racing. Good times. On your investing ethics, I feel the same about a few companies, tobacco, asbestos and unrepentant polluters, but plenty of other opportunities. Thanks for sharing.
- Lou: @joelsg1 $DKNG $DUEL - some of the best times of my life were during six summers in the Catskills, mostly working my way through two years of high school by waiting on tables, four years while in college and after a gap year in Florida, also waiting on tables in South Beach, back to the Catskills after my first year of law school. Made a lot of cash money which sustained me as a student. If you haven't heard about the #BorshtBelt A/K/A the #JewishAlps makes for fun reading.
- Lou: @joelsg1 $DKNG $DUEL BTW, I too am avoiding stocks in the categories that you enumerated.
- joelsg1: @Lou $DKNG $DUEL I'm sure there are others, but not top of mind.
- DavidK: @Lou $DKNG $DUEL I use Both Sites for Fantasy Sports , not quite as expensive as straight out betting . Last night my $4 entry in an NBA 4 game contest won me $40 .came I 122nd place out of 22,808 entries . 6k was 1st place . I always put in PGA teams . It’s great entertainment at a cheap price . Won 5 k in British Open once on a 5 th place finish / $ 5 entry fee. I do agree with you though in the betting on anything and every play etc . Thankfully my state don’t allow that , only Fantasy Sports
- Lou: @DavidK $DKNG $DUEL - please be assured, you're not the kind of bettor that has me concerned. I'm not concerned about myself as a bettor either. My concern is that the sites make betting far too easy, accessible and tempting to too many young and unemployed or under-employed people, who are heading to a great awakening.
- Wolf: $DKNG Moved my stop just above my add 2 days ago when the selling started. Stopped out @ 48.42 (6% gain)
- bigbartabs: @Lou $DKNG $DUEL ... maybe that's why every time I see the ticker DKNG, I think of the waste of time game "Donkey Kong". It seems to me that with the ease of gambling now, it just makes the loss of money by the most vulnerable in America worse. Those that can no way afford absorb it.
- woodman: $DKNG - broke out last week. Today pulled back to 21dEMA and prior breakout level. Looking for move back up.
- Henry: $DKNG breaking out long
- champ: $CZR, I'm holding this position, however #all of the Casinos are working.....$MGM $LVS $WYNN $RRR $PENN $DKNG and others.
- ZMan2: $DKNG is at 52 week high. BofA Securities raised price target from $50 to $54.
- champ: @ZMan2 $DKNG...Plus #Mizuho initiated this morning at $58,.....Now you know the Rest of the Story...Good Day!.......Paul Harvey.
- BarryC: Hi Everyone... GM!! I'm currently #Long: $ALLY, $APP, $CTVA, $CVNA, $DKNG $EW $IBIT & $MSFT
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DAN: ...
Another stock? I have several I could cover, but I'll probably just do DraftKings ($DKNG) because of the whole "March Madness" theme. That's a good TV bit. But I could just as easily talk about Cleanspark ($CLSK), which some of you in th ... - wijimmy: @DAN $LULU $META $DKNG $CLSK $ANET $AMZN $MSFT.... @DAN .. Go with $DKNG $DKNG ...good TV with March Madness and Shohei Ohtani NEWS of ....$4.5 million in wire transfers sent from Ohtani's bank account to a bookmaking operation... .. Was it his Gambling debts ?? was it his interpreters Gambling Debts ? well if $DKNG was legal in CA we might know.... or did he get HACKED ????
- curtis: Took profits on a number of items today, as I see a trend back to inside the Bollinger bands. $DKNG $NVDA $ELF $APO 1/2 $KKR
- ZMan2: @curtis $DKNG March Madness is just getting started.
- curtis: @ZMan2 $DKNG (I can always get back in).
- curtis: @BarryC Good Morning All Added $NVDA $DKNG $KKR $ELF $APO $FBTC yesterday following FED Meeting. Looks like Risk on is back. Yay.
- BarryC: Hi Everyone! GM!! I did put on a couple new positions yesterday. I was jammed up and didnt have a minute to post live, Sorry! Im currently #Long: $ALLY, $APP, $CTVA, $DKNG, $EW, $IBIT & $MSFT
- Vineet: @phgruver $DKNG I liked and I think I even understood this concise explanation! Cheers
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scottrades: ...
$DKNG Broke out yesterday.
$UBER Support at 73.60
$AMZN Near the highs
$TSLA still in a downtrend, but could rebound.
$AXON Holding the 8EMA
$ACMR Good group, support at the 21 EMA
$SQ Support at the 21 EMA
$BROS Short base. 35.05 Breakout alert
T ... - oldmaratom: @scottrades $ANET $DKNG $UBER $AMZN $TSLA $AXON $ACMR $SQ $BROS @scottrades# to sum it up, you cover such a array of info, opinions and recognition, thank you for all your insights.
- marklesparkle: @scottrades $ANET $DKNG $UBER $AMZN $TSLA $AXON $ACMR $SQ $BROS Well said Scott. Right on time for me because I've watched too many go south on me so I'm a lot not a little gunshy. The best way is dont sit in front of it all day eh?
- woodman: @scottrades $ANET $DKNG $UBER $AMZN $TSLA $AXON $ACMR $SQ $BROS - Great post, Scott. I couldn't agree more and, in fact, have a very similar history. I used to trade much more frequently in the beginning/middle of my trading existence. I learned to be less frantic and more focused with my trades. I trade less now. Smarter, not harder. And, particularly in a bull market, let the winners do all the lifting. Don't keep looking for the next shiny thing. Allow the winners to work and don't be the tool of your own demise. Find good spots to add to on the pullbacks within uptrends for your winners. Let if flow and keep it going. The less interference and activity when the market is going well, the better IMO.
- champ: $DKNG....HOD....strong Breakout, should zig-zag higher.
- scottrades: @champ $DKNG It's working great
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DAN: ...
I put $DKNG on the ATI List just before the close. The entry was 43.70. My assumption is that you missed that because it was out about 10 minutes prior to the close. The stock is trading at 43.86 now. So if you like this idea, you're not that fa ... - DAN: @DAN $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC (By the way, I take back my conclusory statement that chips will never be built in the US. That was hyperbole and I will likely be proven wrong.)
- bill52: @DAN $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC $ACMR looks really interesting for a trade with that very long hammer that formed yesterday. Strong sign and will watch for entry. Good one.
- DAN: @bill52 $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC One concern is that the angle of the slope on the upside was nearly vertical, and the slop on the pullback was quite steep. So there could be a lot of supply just above where it is now...and that would put a limit on the potential profit on the trade. (I could be proven wrong...but that's my assessment).
- PTinME: @DAN $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC Hi Dan, I have an options question about NVDA? I know you said you were long some April Calls. I was looking at these but it seems like the stock would have to move a lot more to the upside pretty fast for them to pay off. I know this would be more of an OMM question but I'm new to this and both CMM and don't feel I can learn all three at one time. I guess my question is would it not just make more sense to be long NVDA stock just in case we grind around the 900 level for a while? I mean options cost money but owing a stock is free.
- DAN: @PTinME $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC Question is a good one...and you don't have to worry about only asking it on OMM. It's all good. Currently, owning the stock is indeed better. I don't own those calls anymore. (I think I mentioned this on OMM a while back...and it's for the reason you mention. The stock is now in a trading range. And that favors being SHORT options rather than long options. So I agree with you. Owning stock is the best.
- PTinME: @DAN $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC Thanks Dan. I'm also not inclined to play something I know little about.
- Margi1983: @DAN $MMYT $ACMR $NTNX $MSFT $CRWD $SPNS $NVDA $DKNG $INTC Here is the Intel Mfg. site list
| Stock Price | $43.00 |
| Change | -0.21% |
| Volume | 2,343,310 |
DraftKings Inc is a digital sports entertainment and gaming company. The firm provides users with daily fantasy sports, sports betting, and iGaming opportunities. It offers online and retail sports wagering offerings, online daily fantasy sports contests, and online casino games. The company generates its revenue from online gaming which includes daily fantasy sports, iGaming, and Sportsbook. Geographically, it generates revenue from the United States.
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