Tom Yeung here with your Sunday Digest. When I started my career years ago in corporate finance, I quickly realized that December was always a time of big spending for us.
The S&P 500 (^GSPC -1.54%) had a great run in 2024, rising 25%. But some growth stocks didn't fare as well, even as the underlying businesses continued to grow.
The S&P 500 set one all-time high after another in 2024. The benchmark index ended the year up 23%, and that comes on the back of a great 2023 when the index climbed 24%.
'Mad Money' host Jim Cramer talks why he like DraftKings at this level.
DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
DraftKings (DKNG) reachead $37.36 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close.
Sports betting growth is driving gaming shares, with BetMGM and Caesars Sportsbook well-positioned for market share gains in 2025. FanDuel and Draft Kings dominate the market, holding over 72% combined, and are expected to maintain their lead through 2030. The US sports betting market is booming, with 2024 revenue hitting $13 billion and 2025 forecasted to reach $17.5 billion.
DraftKings is testing a subscription service aimed at giving paying customers improved odds. The $20-per-month plan was rolled out quietly late last month for select customers in New York, giving players up to a 100% profit boost on winning parlays, CNBC reported Friday (Jan. 3).
Some consumers will have the ability to pay $20 a month for better odds on their parlays.
DraftKings is testing out a subscription service for select customers in New York, as it tries to offset the state's high gaming taxes. Subscribers will get a boost in odds on all winning parlays.
In the latest trading session, DraftKings (DKNG) closed at $37.92, marking a -1.4% move from the previous day.
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.