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09.11.26 - 14:06
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DraftKings Just Became a Show-Me Stock. Holders Have One Move (24/7 Wall St.)
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UBS, JPMorgan and Stifel downgraded DraftKings on Monday, one trading day after the stock fell 21% on its third-quarter report and guidance cut. Here is what the three notes said, what Friday cost per 1,000 shares, and a sell, hold or trim view with the tax angle for a holder sitting on a loss....
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09.11.26 - 13:42
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Buy, Sell, or Hold? Monday’s Top Upgrades and Downgrades: Advanced Micro Devices, Airbnb, DraftKings, L3 Harris Technologies, Molson-Coors, Nvidia, Take-Two Interactive, Uber Technologies, and More (24/7 Wall St.)
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Pre-Market Stock Futures: Futures are trading higher after a wild week that saw stocks rally after the election, then the Nasdaq post its biggest loss in 18 months on Thursday before rebounding Friday to close up over 1% at 24,579, while the small-cap Russell 2000 finished the session up 0.89% at 2,754. The S&P 500 […]...
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06.11.26 - 20:12
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Tech Stocks Rebound as Dip Buyers Return to AI Trade (Bloomberg)
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Bloomberg's Tim Stenovec takes a look at what's driving a rebound in tech stocks as dip buyers step in to support the battered AI trade. Plus, Anthropic's IPO plans are hit by the post-election selloff, prompting prospective investors to rethink the company's expected valuation; and the CEOs of Lyft and DraftKings join to break down their earnings results. (Source: Bloomberg)...
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06.11.26 - 19:01
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Investing in Prediction Markets Will Pay Off, DraftKings CEO Says (Bloomberg)
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DraftKings shares fell as much as 29% on Friday after the company slashed its profit forecast, but it keeps investing heavily in prediction markets. Chief Executive Officer CEO Jason Robins says most of the $650 to $700 million dollars was used to acquire new customers. He speaks to Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)...
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