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#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.
Like our name suggests, at ATG Digital, we go Against the Grain to support everyday people on their investing journeys.
ATG also represents seeing the world for what is abundantly clear to see — an opportunity for incredible growth and the BRIGHT and PROSPEROUS future that lies ahead.
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With a subscription you get:
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Dan Shifflett: 1 Pick We’re Standing By 🫡
Last September, I told you about a company I believed would soar. I made a video dedicated to it and why I thought now was the time to get in!
I still stand by my pick. Since uploading the video in September, its stock price is up 44%, reaching $44.50 a share.
King of Revenue 👑
I’m talking about the innovative online sports and casino gambling company, DraftKings Inc. (Nasdaq: DKNG).
DKNG 0.00%↑ operates in 20 states and counting, including Canada, the United Kingdom, Germany, Austria, Ireland, and Malta.
As it expands to new jurisdictions, its customer base continues to grow.
Throughout Q4 2023, DKNG 0.00%↑ saw healthy customer engagement, retention, and growth, which led to revenue growth and a rise in the fiscal year 2024 revenue guidance.
In Q4, monthly unique players increased to 3.5 million, up 37% year over year (YoY). Revenue per player also increased to $116, a 6% increase YoY.
Revenue for the quarter grew 44% YoY to $1.23 billion. For the end of 2023, revenue stood at $3.67 billion, up 63% from 2022.
With increasing customer engagement and an increasing customer base, 2024 expected revenue has jumped from $4.50 billion to $4.65 billion.
Legalize It 🎰
Increasing revenue and increasing customers is what we want to see from DKNG 0.00%↑.
We believe several states will make online sports gambling legal in 2024. And several have already introduced legislation to legalize mobile sports betting.
In our view, the legislation will pass, and DKNG 0.00%↑ will be one of the first — if not the first — online sports gambling platform widely available.
DKNG 0.00%↑ has $1.27 billion in cash. It has a market cap of $20.5 billion, trading at a 6.2X price-to-sales multiple.
Due to DKNG 0.00%↑’s substantial amount of cash on hand, increasing revenue, and growing customer base, we will continue to hold it in our Silver Tier model portfolio.
Make Your Portfolio Future-Proof 📊
DKNG 0.00%↑ is a leader in its sector, and we believe it will remain a leader well into the future.
Our Silver Tier houses tons of companies we believe will remain relevant for years to come.
To receive guidance on our stocks — including trade alerts and video updates — subscribe for just $9.99 by clicking here!
#GBC100: Tuesday, February 20, 2024
The #GBC100 is down 2.52% today.
Today, we’ll sell CymaBay Therapeutics Inc. (Nasdaq: CBAY) out of the #GBC100 and replace it with IDEAYA Biosciences Inc. (Nasdaq: IDYA).
We’ll be updating the performance, and we want to remind folks that our goal is to turn the #GBC100 into an ETF that offers a one-stock way to invest the ATG way — in innovation and growth.
To learn more or express your support for the launch of an ETF (by completing a poll), click here.
Tomorrow: Dean will feature a crypto-related stock that’s set to boom! 💥
Happy Tuesday!
Our team enjoyed the long weekend . . . but as always, we’re excited to get back to work. 💪
Because here at ATG, our mission is to help you on the path to financial freedom — and to have a lot of fun along the way!
If you haven’t yet become an official member of the ATG family, click here to see what you’re missing! 👈
On Tuesday, February 20, 2024, we hope to hear from new subscribers. 🥰
❤️️ This Substack made — by US, for YOU — with love. ❤️️
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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.
How many casino's does DKNG's run?
Yes I didn’t think they ran casinos!