Diamonds and Dogs

10/17/22

DraftKing (DKNG) had a good weekend. DraftKing is up 7% as one analyst upgraded the stock saying they had a good weekend. With Brady, Rodgers and Jackson all losing, week 6 was a strong weekend for the sportsbooks with three of the largest five favorites losing outright. More sports are coming online as the NHL started last week and the NBA starts this week.

Fox Corp (FOXA) is down 9% as 91 year old Rupert Murdoch's plan to combine News Corp. and Fox Corp., recreating the conservative-leaning media goliath that he split apart nine years ago, is drawing mixed reactions on Wall Street. Several analysts said the potential recombination is unlikely to solve the key problems facing Fox and News Corp.

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