Time to Bet on DraftKings?

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 14 May 2020

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cisco Systems rises on strong 3^rd-quarter profits. SmileDirectClub sinks after posting a bigger-than-expected 1^st-quarter loss. DraftKings gets some attention from Wall Street, sending the stock to an all-time high. Bill Barker analyzes those stories and shares why he believes the NFL season will start on time.

Transcript

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0:00.0	It's Thursday, May 14th.
0:04.0	Welcome to Market Foolry.
0:05.0	I'm Chris Hill.
0:07.0	Joining me from far, far away, it's Bill Barker.
0:11.0	Good to see you.
0:12.0	Good to see you. It's not that far. Good to see you.
0:13.0	Good to see you.
0:14.0	It's not that far.
0:15.0	I could be over your place in half an hour.
0:18.0	Come on over, man.
0:19.0	We'll do one of these in my basement.
0:21.0	This will be great.
0:22.0	We've got some earnings, we've got some, let's just
0:26.8	charitably call it not exactly earnings, and we have a special anniversary tied to the business
0:32.4	world.
0:32.8	We're going to start with Cisco Systems.
0:35.3	Third quarter profits came in higher than expected.
0:37.5	Shares of Cisco up 4% this morning.
0:41.2	And for a company that did 12 billion dollars in revenue in 90 days it's hard to
0:49.1	get excited about Cisco Systems. It is you you know, in a lot of ways it's been hard for a long time.
0:56.7	They peaked early.
0:58.5	Most valuable company in the world at one time for those of us that remember the dot-com era and Cisco remembers that.
	...

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