Abhoy Sarkar

published in Blogs

Mar 01, 2021

DraftKings (DKNG, $67.40) got price target hikes from analysts, following Q4 results

Sports betting company DraftKings got price target hikes from analysts following Friday’s fourth quarter results.

The company’s fourth-quarter revenue doubled from the year-ago quarter. It boosted its revenue estimates for 2021 to between $900 million and $1 billion, up from its previous view between $750 million and $850 million.

Goldman Sachs analyst Stephen Grambling increased his price target to $73 a share from $71. "Management highlighted stronger handle in iGaming and sports betting during the Super Bowl in [Michigan/Virginia] than in existing states during their go live years, the addition of apps to Google Play (Android users represent about 40% of smartphone users per StatCounter), and 50% cross-sell into iGaming (vs. previously about 30%) all driving this momentum, which we anticipate will be supplemented by a normalizing sports calendar," Grambling said. The analyst raised his revenue expectation to $1.01 billion in 2021 from his previous view of $885 million.

Loop Capital maintained their buy rating, while raising their price target to $105 a share from $100. It boosted revenue guidance to $1.11 billion. Loop analyst Daniel Adam said, “The bears have long argued that online gaming and sports betting was essentially a 'race to zero,' implying that operators like DKNG need to spend aggressively on promos to attract users and generate revenue".

Adam added, "We completely disagree with the bear argument. In our view, the fact that DKNG was profitable in [New Jersey] last year, particularly given the impact of COVID in first-half 2020 as there were no traditional sports for a few months in [the first and second quarters] completely undermines the bear thesis."

Related Tickers: DKNG

Related Portfolios: APPLICATION SOFTWARE

Sergey Savastiouk

published in Blogs

Mar 07, 2021

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

Mar 22, 2018

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Sergey Savastiouk

published in Blogs

Jul 10, 2020

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.

Edward Flores

published in Blogs

Feb 06, 2021

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Alla Petriaieva

published in Blogs

Feb 23, 2021

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.

Sergey Savastiouk

published in Blogs

Aug 07, 2018

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.

Abhoy Sarkar

published in Blogs

May 22, 2020

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record.

Rick Pendergraft

published in Blogs

Feb 07, 2021

Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

Mar 10, 2021

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

May 08, 2020

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.