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Cathie Wood shares outlook for NFTs, bitcoin, and 4 top ARK holdings

She started her investing career covering fall-through-the-cracks stocks and was ridiculed for buying Amazon when it had just a $5 billion market cap in 2002.
The internet was considered a figment of Wall Street s imagination, Wood said in a Wednesday interview with Benzinga. At the time, Amazon was down 80% from its peak during the dot-com bubble.
But Wood was convinced. She had three little kids and no time to shop in physical stores. Amazon, whose e-commerce services were a lifesaver for working moms like her, was going to become a big deal one day, in her view.
But the aftermath of the tech bubble had made any bet on companies with no earnings or trajectory to earnings seem foolish and reckless. ....

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DraftKings Shares Soar as Q4 Earnings, 2021 Guidance Top Estimates

The U.S.-focused gambling operator DraftKings’ shares jumped over 6% on Friday after it reported better-than-expected earnings in the fourth quarter and raised 2021 revenue guidance well ahead of analysts’ expectations. ....

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DraftKings Stock Is Out at Soros Fund Management

Soros Fund Management discards DraftKings stock, but maintains stakes in several other gaming names. ....

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DraftKings: Secular Industry Tailwinds Could Drive Further Upside

In the last year, digital sports entertainment and gaming company DraftKings (DKNG) has been in a steady uptrend. During this period, the stock has returned 241% and currently trades at $61.07 per share. With positive company specific developments coupled with industry tailwinds, DraftKings stock remains attractive even after its massive rally. Let’s discuss the reasons for this bullish outlook. Strong Industry Growth in the Coming Years According to Barry Jonas of Truist Securities, the U.S. sports betting and iGaming market is likely to be worth $20 billion by FY2030. By the company’s own estimates, the global sportsbook total addressable market is worth $70 billion. Back in FY2018, the American Gaming Association estimated that Americans illegally bet at least $150 billion annually on sports. Even if part of this market shifts to legal betting and sports, the opportunity is significant. Therefore, from an industry perspective, there is big potential for growth in the n ....

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