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Goldman Sachs analysts have identified stocks that provide stability and visibility amid global market uncertainty, highlighting companies like PepsiCo, Waste Management, and Travelers for their low volatility and strong financial returns. They also point to high-growth stocks such as Live Nation and Spotify, while recommending income-focused investments like Bank of America and Schlumberger for their strong dividend potential. Conversely, stocks like Lazard and Marsh & McLennan may face earnings vulnerabilities.
UBS has raised its price target for Flutter Entertainment from $320 to $335, maintaining a Buy rating, following strong performance in the US market, particularly with FanDuel. The company reported revenues of $6.35 billion and adjusted EBITDA of $790 million for 2024, surpassing earlier forecasts. Despite facing challenges, analysts expect Flutter to return to profitability this year, with continued growth potential into 2025.
NFTs have shown resilience in 2024, with $8.5 billion in sales despite setbacks, including major marketplace closures and regulatory scrutiny from the SEC. The number of unique buyers surged by 62%, indicating a growing demand for NFTs, even as the market faced a seven-month downturn. Industry experts predict a transformative future for NFTs, expanding their utility beyond digital art into areas like identity verification and ownership records.
Robinhood CEO Vlad Tenev announced the company's interest in expanding into sports betting, highlighting its significance to customers and culture. He suggested that this expansion could involve event contracts, similar to those launched before the presidential election. Following his remarks, shares of major sports betting companies experienced modest fluctuations, while Robinhood's stock rose by 3.5%.
DraftKings Inc. has revised its full-year revenue and profit estimates for 2024, projecting sales between $4.85 billion and $4.95 billion, down from a previous forecast of $5.25 billion. This adjustment follows a challenging start to the fourth quarter, leading to a decline in shares during extended trading. Analysts had anticipated revenue of $5.13 billion.
A public health commission has warned that the surge in online gambling poses significant risks to public health, with an estimated 72 million people globally experiencing gambling-related harms. The report calls for stronger regulations, including restrictions on access and advertising, to protect vulnerable individuals. It highlights the need for a shift in responsibility from gamblers to gambling businesses to minimize harm and improve public health outcomes.
DraftKings Inc.
Companies
| Symbol | DKNG |
| Name | DraftKings Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Consumer Services |
| Industry | Hotels, Restaurants & Leisure |
| Market | NASDAQ Global Select |
| Country | United States |
| State | MA |
| City | Boston |
| Zipcode | 2116 |
| Website | http://www.draftkings.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs highlights stable stocks amid global market uncertainty
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