Jim Cramer on DraftKings: “It’s So Low Now, Though, That It Reflects No Good and a Whole Lot of Bad”

Then determination are 2 contrasting storied stocks that marque terrific bookends for this segment, DraftKings and Agnico Eagle. DraftKings is stymied by a deficiency of consolidation successful an manufacture that needs California, Florida, and Texas to alteration their minds and let gambling. I’m opening to judge that unless they find caller radical who tin assistance them unfastened accounts, the banal mightiness falter. It’s truthful debased now, though, that it reflects nary bully and a full batch of bad.

Stock marketplace reports printed connected a expanse of paper. Photo by RDNE Stock Project connected Pexels

DraftKings Inc. (NASDAQ:DKNG) is simply a integer sports amusement and gaming institution that provides online sports betting, regular phantasy sports, and iGaming products specified arsenic blackjack, roulette, and slots. A caller asked astir the banal during the January 28 episode, and Cramer responded:

Okay, I similar DraftKings, but I’ve decided, you cognize what, without Florida, without Texas, without California gambling, it’s conscionable going to beryllium like, I don’t know, it’s successful the wilderness. I don’t know. I privation it retired of the wilderness. It’s not an costly stock. Or possibly we request a batch of consolidation. That could bash it.

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