DraftKings and the New (DKNG) York Giants sign an exclusive deal, two days after signing a deal with ESPN. As we were saying during the LIVE broadcast yesterday, any good management team will seek out new deals. They won’t sign a deal with (DIS) ESPN then say, “ok we’re done.” That doesn’t make any sense. Of course, they’ll keep striking while the iron is hot.
DraftKings Signs Deal With ESPN (DIS).
We’re looking for more deals from DraftKings and for the stock to seek higher levels in the weeks to come.
“Today, the New York Giants and DraftKings (Nasdaq: DKNG) announced an exclusive, multi-year arrangement, making DraftKings the Official Sports Betting, iGaming, and Daily Fantasy operator of the team. This multi-faceted arrangement grants DraftKings access to official Giants marks and logos, in addition to a first of its kind virtual SportsLounge open on Giants’ game days, providing attendees with unique and innovative ways to engage on all DraftKings platforms.” – Courtesy Yahoo Finance
Target levels are noted. We entered initially during mid day when the EPSN news hit the tape. See Tuesday’s Blog Post for more. Link here.
DraftKings is up Pre-Market1.27 (2.63%).
Join us today in the trading room for our LIVE STREAMING broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
Want to become a member? Check details here:
TRY MARKETSMITH FOR FREE THIS WEEK
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live Sessions
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.