3 Reasons to Buy DraftKings Stock Like There's No Tomorrow

This is a tricky time to be an investor. Stock valuations are uncomfortably high, yet the Federal Reserve's recent 0.5 percentage point interest rate cut suggests the U.S. economy needs help. It certainly doesn't seem as though this would be the right time to dig in deep with new positions.There may be some exceptions to this line of thinking though. Online sports betting company DraftKings (NASDAQ: DKNG) is one of them. Here are the top three reasons -- from least to most important -- that you might want to plow into this ticker right now despite the wobbly macro backdrop.In contrast to many other tickers, DraftKings stock is still down 46% from its 2021 peak. And thanks to a more recent pullback, it's also 16% below the 52-week high it set in March. That suggests this is a tremendous entry opportunity for the particular time frames in question.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool