Diamonds and Dogs
DraftKings (DKNG) creeps higher on upgrades. The betting website is up 3% today and up over 50% year to date as the company fundamentals slowly improve. JMP Securities analyst Jordan Bender reiterated a Buy rating on DraftKings with a price target of $26.00. Argus Research's John Eade upgraded DraftKings to a Hold with a $17 price target. DraftKings has announced a DK Horse app in 12 states with additional launches expected ahead of the Kentucky Derby on May 6 2023.
Delta Air Lines (DAL) is lower by a percent as the company reported a first-quarter loss, but said strong summer bookings are expected to boost profits in the coming months. Delta reported a net loss of $363 million during the first three months of the year. On an adjusted basis, excluding what Delta said were one-time costs associated with a new pilot contract and other items.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.