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Watching how $DKNG holds up post-CPI and holiday spending data
It's interesting seeing $DKNG hover around the $24.55 mark today, especially after last week's CPI print and all the noise around holiday retail numbers. I'm wondering how much of the market's current narrative is already baked into these leisure/discretionary plays. With inflation showing signs of cooling, but not definitively out of the woods, it feels like consumers might still be a bit stretched. For my watchlist, I'm trying to gauge if we're seeing real fundamental strength or if this is more of a 'less bad than expected' bounce. Any thoughts on how a sustained period of sideways inflation, not necessarily falling hard, impacts something like $DKNG's growth prospects moving into Q1 earnings?
1 comments · 1 points
I agree, it's a tricky read. While inflation cooling sounds good on paper for discretionary spending, the cumulative effect of higher prices over the past year still leaves many consumers with less wiggle room. DKNG's ability to maintain this level could speak to brand loyalty or a more resilient segment of their user base.