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Stock impact report

1 Growth Stock Down 43% to Buy Right Now [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
For example, bargain-hunting growth investors might want to consider DraftKings (NASDAQ: DKNG) while its stock is still down 43% from its all-time peak. It's suffering some turbulence right now, but the bigger-picture investment thesis is still solid for all the right reasons. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » DraftKings is, of course, the fantasy sports platform that delved into online sports betting after the Supreme Court lifted the nationwide ban on it back in 2018. As various states have legalized this segment of the gambling business within their borders, DraftKings has entered these markets. It now operates in 25 of the 38 states that allow sports betting in one form or another, plus the District of Columbia. Among the remainder, more states are heading toward legalization. There's simply too much tax revenue to be gained for state legislatures to shrug off. This doesn't mean the company has alwa Show less Read more
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