The Mainstream Is Missing THIS 👀
An 11% haircut? ✂️
Note: Please read our disclaimer at the bottom of the article.
#StrongHands 🙌 #BOP 🚀 Nation Update ️️️️️️️️️️️️️️️️️️️❤️️
Hi, I’m Paul Mampilly.
Welcome to my company's Substack, where we provide daily coverage of #OGI (opportunity, growth, and innovation) market trends, macro level analysis, and stock picks.
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Dan: Are You Buying the Dip? 📉
For the most part, we like to tell you about the latest and greatest on what our holdings are up to.
That’s because most of the time, they’re doing incredible things that aren’t covered by mainstream media.
With so few eyes on our holdings, sometimes the stock prices can remain low or stagnant for a prolonged period of time.
This can be good, as it allows us to scoop up low shares while we wait for a bull run in small caps.
The bad news: It can sometimes take longer than we’d like for the bull run to start.
But today, I want to talk about something a little bit different . . .
Scoop 🍨 Up Shares of THIS
Today, DraftKings Inc. (Nasdaq: DKNG) was bid down 11%.
Once trading as high as $50 earlier this year, it’s now trading around $36 per share.
In our opinion, $36 per share is cheap!
So, if you want to add to your position in DKNG 0.00%↑ or open one, it might not be a bad idea to do so now. (That said, remember to always invest according to your risk profile and finances.)
DKNG 0.00%↑ offers a platform for daily fantasy sports, online sports gambling, and online casino gambling.
DKNG 0.00%↑ is legal in 27 states and most of Canada.
It plans to continue to permeate throughout the world, especially throughout the U.S. as sports gambling becomes legal in more states.
This company is part of one trend we’ve discussed at length: the Millennial Boom.
In fact, Dean recently covered another one of these stocks. 👇
What We’re Wondering 🤔
So, what’s with DKNG 0.00%↑’s 11% haircut today?
Well, when sellers outweigh buyers, the price goes down.
But when buyers outweigh sellers, the price goes up. And today, there are more sellers than buyers.
This is primarily due to the Illinois Senate passing a tax hike bill on sports gambling.
This legislation will cause platforms such as DKNG 0.00%↑ to see a tax hike increase of 140%.
In the state of Illinois, DKNG 0.00%↑ will now have to pay a 36% tax rate compared to its current 15% tax rate.
This will cut into the company’s bottom line.
However, with DKNG 0.00%↑’s adoption across the U.S. and Canada, we’re left with one question: Is this increase in taxes in one state worthy of an 11% haircut?
We believe DKNG 0.00%↑ is a growing company with much more room to the upside.
BIG Gains 💪 Coming
In our opinion, this dip could disappear in a short period of time.
That’s because this company is a dominant player in online sports gambling and online casino playing.
It trades at a 4.7X price-to-sales multiple, which we believe is low considering its growth potential.
We plan to continue holding DKNG 0.00%↑ in our Silver Tier model portfolio as we believe big gains are coming!
And for just $9.99, you too can access our Silver Tier model portfolio, weekly videos and written updates on our positions and the market, as well as trade alerts. 🚨
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#GBC100: Tuesday, May 28, 2024
The #GBC100 is down 0.64% today.
Created on September 22, 2022, the #GBC100 is an index/portfolio comprised of opportunity, growth, innovation, and crypto-related investments.
Our goals with the #GBC100 are twofold . . .
First, we want readers to get a sense of what our investments are doing in the market, because they can sometimes perform very differently than traditional indices (like the S&P 500 or Nasdaq 100).
Second, we’d like to eventually turn the #GBC100 into an ETF.
That way, instead of owning hundreds of growth stocks, you can get exposure to ATG Digital thinking — in opportunity, growth, innovation, and crypto — all in one place.
To learn more or to express your support for the launch of an ETF (by completing a poll), click here.
Tomorrow: Dean will cover a stock that’s trending right now . . . 🪙
Welcome back from the long weekend! 👋
We hope yours was well spent — we know ours was. 😊
And now we’re thrilled to be back to what we do best here at ATG Digital: helping you along the path to financial freedom.
On Tuesday, May 28, 2024, we’re excited for all the possibilities this week holds! 🤩
❤️️ This Substack made — by US, for YOU — with love. ❤️️
Questions? Concerns? 🤔 Look Below 👇
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Join us, be #BOP 🚀, be #StrongHands 🙌, #GoATG! ️️❤️️
Disclaimer/Legal Stuff Written in Plain English
What you read/watch/hear is OPINION, not financial/investment advice. Treat it no different than when you read/watch/hear your favorite author/YouTuber/podcaster. Despite our best efforts, we get things wrong and make mistakes. Investing is risky. There is no guarantee you will make money. Your investments may lose value. That’s RISK. Past performance is no guarantee of future results. Employees, contractors, and owners of ATG Digital, LLC own/trade/transact in the stocks, options, and crypto that are the subject of our trade alerts, updates, reports, and commentaries. We cannot give you personalized financial advice because we are NOT financial advisors. It’s on you to decide how much/when/what to buy/sell based on YOUR financial needs, plans, and risk preferences. There are no guarantees. Loss of your capital is an outcome that you should evaluate carefully with a financial advisor before you trade, speculate, or invest. It's your money and your responsibility.