On this "Motley Fool Money," analysts Emily Flippen and Nick Sciple discuss the reemergence of sin stocks and whether today's market is building lasting moats for these controversial businesses or simply pulling forward returns.
Shares of DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT) are trading lower Tuesday after Robinhood Markets Inc (NASDAQ:HOOD) announced the launch of pro and college football prediction markets.
Tech stocks staged a full rebound from last Friday's sell-off, with the Nasdaq 100 surging to 23,600 — just shy of the 23,700 all-time high set in late July, as the week’s strong sector earnings and broad gains among the Magnificent Seven fueled the rally.
U.S. equities slipped midday Thursday as corporate earnings and fresh tariff announcements from President Donald Trump drove divergent moves in heavyweight names.
Flutter Entertainment (FLUT) shows strong technical breakout potential with top ratings in trend and setup quality, signaling bullish momentum and a promising entry point for traders.
The Big Beautiful Bill is set to usher a huge tax shakeup for pro sports bettors. The law looks poised to benefit DraftKings, providing a tailwind to shares.
A little-noticed provision tucked deep within the "One Big, Beautiful Bill" that was passed and signed into law last week is raising alarm bells among professional gamblers. Wall Street and gambling companies themselves, however, don't seem that bothered.
Gamblers could be hit with a tax bill even if they break even due to a little-noticed line in Senate Republicans' bill, causing concern among professionals and prompting calls for a fix.
Investor sentiment shifts towards risk-on assets, as growth-oriented ETFs hit fresh highs. ARK Invest's funds lead the rally, benefiting from optimism around disruptive tech and easing headwinds. Other thematic ETFs, like ALAI and BETZ, also reach new milestones. Analysts attribute this to a soft landing for the economy and confidence in equity markets. However, valuation risks are still present.
FanDuel is adding a new betting fee, responding directly to a new Illinois tax. DraftKings stock rises as bettors may now switch to avoid its rival's fee.
