1 Growth Stock Down 18% to Buy Right Now

Much like an action-packed football game with several lead changes, DraftKings (NASDAQ: DKNG) stock has taken shareholders on a roller coaster of emotions. At the time of writing, the stock is down 18% from its 52-week high, but is still holding on to a solid 16% gain year to date.This type of volatility can sometimes present stock market investors with a compelling opportunity to pick up shares of a beaten-down industry leader at a discount. With a positive earnings outlook heading, let's explore why DraftKings stock can make a great addition to your portfolio now.DraftKings is recognized as one of the largest online gambling operators in the United States, capitalizing on the landmark 2018 Supreme Court ruling that opened the door for individual states to legalize sports betting. Today, the company serves more than 9.3 million customers, up from fewer than 2 million just five years ago. The platform across its sportsbook, daily fantasy sports, and iGaming offerings has proven highly popular with an easy-to-use interface and innovative features.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool