FMP
Jun 10, 2024 5:22 PM - Davit Kirakosyan
DraftKings (NASDAQ:DKNG) shares rose more than 2% intra-day today after Morgan Stanley added the stock to its Top Picks list, despite Illinois recently adopting a higher, progressive tax structure. The investment bank contends that tax hikes do not automatically translate to identical impacts across all markets and should not be considered inevitable.
Morgan Stanley noted that not all states face budget shortfalls, so higher taxes should not be universally expected. They also emphasize that increased taxes may not be directly comparable since operators often reduce their investments, marketing efforts, and promotions in response.
The bank highlights that in states needing to address budget deficits, the expansion of legalized gaming could present opportunities, such as online sports betting in California and Texas, or iGaming in Maryland, New York, and Illinois. The analysts believe concerns over taxes are exaggerated and that positive earnings will serve as a significant catalyst.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...