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S&P: Positive Outlook Reflects, Despite Uncertainty In International Trade, Italy's Diverse Private Sector To Support Current Account Surpluses
Toronto Stock Index .GSPTSE Unofficially Closes Down 1092.61 Points, Or 3.31 Percent, At 31923.52
The Nasdaq Golden Dragon China Index Closed Down 2.3% Initially. Among Popular Chinese Concept Stocks, BYD Closed Down 4.4%, While Pony.ai, Tencent, Li Auto, And XPeng All Fell By More Than 3%
In January, The S&P 500 Rose 1.2%, The Dow Jones Industrial Average Rose 1.7%, And The Nasdaq Composite Rose 0.8%. On Friday, The S&P 500 Initially Closed Down 0.4%, With Materials Down 1.9%, Technology Down 1.3%, And Energy Up 1%. The NASDAQ 100 Initially Closed Down 1.3%, With Applovin Plunging 17.3%, Western Digital Down 10%, Seagate Technology Down 9.1%, AMD Down 6.2%, Applied Materials Down 5.4%, Tesla Up 3.3%, Strategy Group Up 4.8%, And Chartered Communications Up 7.9%. Visa Initially Closed Down 2.9%, With 3M, American Express, UnitedHealth Group, Nike, Caterpillar, And Amazon All Falling More Than 1%, Leading The Dow Jones Components' Decline. Coca-Cola Rose 2%, Chevron Rose 3%, And Vz Rose 11.9%. The Semiconductor Index Fell 3.9%, And The Banking Index Fell 0.1%
The US Dollar Index Fell About 1.3% In January. On Friday (January 30), The ICE Dollar Index Rose 0.84% to 97.088 Points In Late New York Trading, Down 0.55% For The Week And 1.27% For January. It Experienced A Slight Rise And Fall Between January 2 And 23 – Reaching 99.492 Points At The Opening Of US Stocks On The 15th, Before Declining Continuously From The 23rd To The 27th – Falling To A Low Of 95.551 Points. The Bloomberg Dollar Index Rose 0.84% to 1187.81 Points, Down 0.44% For The Week And 1.32% For January, Trading Between 1213.79 And 1173.47 Points
Senate Majority Leader John Thune: USA Senate To Hold Friday Votes On Spending Bills, As Partial Government Shutdown Looms On Saturday
[Greenlandic Prime Minister: No Agreement Reached Yet] Greenlandic Prime Minister Jens-Frederic Nilsson Said In An Interview Broadcast By Greenland Broadcasting Corporation On The 30th That No Agreement Has Been Reached Regarding Greenland And The Situation Remains Challenging
According To The U.S. Commodity Futures Trading Commission (CFTC), In The Week Ending January 27, Speculators Increased Their Net Long Positions In Nymex WTI Crude Oil By 9,557 Contracts To 62,991 Contracts, A Six-month High
CFTC - Oil Speculators Raise WTI Net Long Position By 9586 Contracts To 28937 In Week To January 27
CFTC - Comex Copper Speculators Cut Net Long Position By 4933 Contracts To 56749 In Week To January 27
CFTC - Comex Gold Speculators Cut Net Long Position By 17742 Contracts To 121421 In Week To January 27

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Shares of DraftKings fell more than 6% on Friday after several analysts slashed their price targets on the stock ahead of its expected fourth quarter (Q4) earnings results on Monday.
Price Cuts
Stifel lowered the firm's price target on DraftKings to $44 from $46 and kept a ‘Buy’ rating on the shares.
The firm said it has approached Q4 earnings for the online gambling group cautiously despite mostly attractive valuations, noting that it tactically favors DraftKings in the near-term given NBA handle share momentum, de-risked consensus FY26 (fiscal year 2026) estimates, potential upside from the Winter Olympics and World Cup.
Guggenheim also lowered the firm's price target on DraftKings to $42 from $45 and kept a ‘Buy’ rating on the shares after updating the firm's model for Q4 and "an initially more conservative" 2026 outlook.
Given recent guidance challenges, it would be prudent for DraftKings to start 2026 in "a very reasonable zone and hopefully exceed expectations throughout the year," the analyst said in a note.
JPMorgan last week also lowered the firm's price target on DraftKings to $41 from $42 and kept an ‘Overweight’ rating on the shares.
Gaming stocks "are carrying a lot of baggage and negativity," so investors should be selective, the analyst said.
Upcoming Q4 Earnings
Draftkings is expected to post a revenue of $1.97 billion in Q4, according to data from fiscal.ai.
It had missed analyst estimates for third quarter revenue.
The company is also expected to report a profit of $0.12 per share in the quarter. It posted a loss of $0.28 per share in the corresponding quarter of 2024.
How Did Stocktwits Users React?
Retail sentiment around DKNG trended in ‘neutral’ territory amid ‘high’ message volume.
One user said that the gaming segment “is filled with too much risk from all angles.”
“And it’s a low margin business to be home with. Risk reward is not in the bulls camp,” they added.
https://stocktwits.com/Balls_deeper/message/643458827
One bullish user said that they are adding more of Draftkings stock amid the selloff.
https://stocktwits.com/howyee1234/message/643455001
Shares in the company have fallen 34% over the past 12 months.
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