SUPER Gambling Stocks-DRAFTKINGS Stock-PENN National Stock-BEST Stocks to Buy Now-NEW Entry Points
SUPER Gambling Stocks-DRAFTKINGS Stock-PENN National Stock-BEST Stocks to Buy Now-NEW Entry Points
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The stock market was down as a whole on Friday. The news from president-elect Joe Biden was not well-received by investors. Nearly every index around the world was in the red, with the exception of 3 indices in China. Also, 22 million people in China were reported to be on lockdown due to the COVID-19 pandemic. The down day put a lot of downward pressure on stocks throughout the market, the gambling stocks were no exception. Because these are such high growth stocks to buy now in 2021, investors should pay attention to these stocks.
There are several gambling stocks to buy now given the recent stock price drops in the stock market. When the trading day opens on Tuesday, traders looking for exposure in the gambling stocks should keep an eye open for fresh entry points.
Golden Nugget stock is likely the riskiest stock to invest in out of the 4 gambling stocks discussed in this video. The GNOG stock entered the stock market via SPAC under the ticker LCA. The GNOG price action ran up under the SPAC as the merger date neared. Upon the merger, the GNOG stock price fell sharply and has since struggled to find its place within the market. It has since recovered slightly until the stock market drop on Friday. GNOG stock is currently sitting at a support level as of the market close.
The DraftKings stock, ticker DKNG, has continued its bull run after an astounding year of growth in 2020. The DKNG stock analysis also shows a possible entry point for people who wish to enter a position, coming down off its high from its most recent bull run. DraftKings online sports betting is seen as one of the leaders in their industry accompanied by their year over year revenue growth. The DraftKings stock price is anticipated to grow significantly throughout 2021.
The Penn National Gaming stock, PENN stock, has been enormously popular recently, breaking the $100 barrier by about 7% during regular training hours. Friday’s red day in the stock market pulled this gambling stock back down under the $100 mark, though likely not for long. The bullish run is likely to continue, especially as the stock market recovers. Investors looking to make a reasonably fast 8% on their money may find here according to my PENN stock analysis.
The GAN stock is the final stock found in this video, GAN Inc. is on the infrastructure side of online gambling. They currently have a contract with one company in Virginia which is making use of the GAN’s software as a service (SaaS). The GAN stock analysis shows a lot of recent strength, not leaving much room for low entry prices. The stock market dip may have created the buying opportunity that some investors may have been waiting for.
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#DKNG #PENN #GAN
