This is my long DKNG trade (which I entered)
I'm taking advantage of the big dip last week, I should have probably bought the stock yesterday but wanted to be on the safe side and watch the market and how the election rolled out. Earnings are coming up on the 13th & sports betting is once again gaining traction. with only 47% of float held by institutions I believe there's plenty of room for them to start loading up again. My short term projection (for the end of the month) is $58, although I believe this can maybe go above if everyone starts herding into it again.
Why I like DKNG:
- 0 debt on the balance sheet
- Revenue growth rate YoY 42%
- Capex growth 22%
- Sector: outperform (my opinion) Projected to have 42 states legalize sports betting by 2025
Sports are coming back throughout 2021 and I believe the market will price this in sooner rather than later. In addition, I believe the NBA will soon start licensing their data for betting purposes, although they already have began doing so.
I'm taking advantage of the big dip last week, I should have probably bought the stock yesterday but wanted to be on the safe side and watch the market and how the election rolled out. Earnings are coming up on the 13th & sports betting is once again gaining traction. with only 47% of float held by institutions I believe there's plenty of room for them to start loading up again. My short term projection (for the end of the month) is $58, although I believe this can maybe go above if everyone starts herding into it again.
Why I like DKNG:
- 0 debt on the balance sheet
- Revenue growth rate YoY 42%
- Capex growth 22%
- Sector: outperform (my opinion) Projected to have 42 states legalize sports betting by 2025
Sports are coming back throughout 2021 and I believe the market will price this in sooner rather than later. In addition, I believe the NBA will soon start licensing their data for betting purposes, although they already have began doing so.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.