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DraftKings

Jan 26, 2021
1 min read

DraftKings received a buy upgrade from Goldman Sachs. This for a company that has a lack of profitability. However, this stock (DKNG) is all about potential. DraftKings saw a 90 percent year-over-year rise with much more growth potential on the horizon. Virginia is now the 12th state in the US where online sports betting and gaming is available. New York and many others will soon follow to help generate income to mitigate financial shortfalls due to Covid. Technically speaking it is in a buy range. I'm going to accumulate shares up to 56 and sell covered calls on pullbacks. Also considering trading long dated call options on this name.


 
 
 

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Bulls and Ballers and Hilltop Media Productions are not investment advisors or brokers. Please trade at your own risk and follow proper risk management. This blog is intended for educational purposes for like-minded traders.

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