Diamonds and Dogs
Uber (UBER) raised guidance. The ride-sharing giant is up 8% after raising guidance and saying the company could turn a profit in the third quarter. Uber just reported its first months of adjusted EBITDA profitability in July and August. An analyst at MKM rates Uber a Buy with a price target of $68.
Ambitious plan from DraftKing (DKNG). DraftKings is down 7% after the U.S.-based online gaming group is planning a $20 billion takeover bid for Britain's Entain. The move is to challenge U.K. betting stalwart 888, which agreed to buy the non-U.S. assets of bookmaker William Hill from Caesars Entertainment CZR for around $3 billion.
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