These 2 Nasdaq Winners Were Smart Bets Tuesday
The stock market sank on Tuesday, and even the Nasdaq Composite (NASDAQINDEX: ^IXIC) wasn't able to avoid the downturn. As of 1:45 p.m. EDT today, the Nasdaq was down about a quarter-percent, which was roughly in line with how the remainder of the stock market performed. Investors remain nervous about many of the uncertainties that have been on their minds for months, including the sluggish progress on vaccine rollouts and the prospects for an economic rebound in 2021.
Yet even as the broader Nasdaq was moving lower, a couple of stocks got some positive attention from Wall Street on Tuesday. Sports betting disruptor DraftKings (NASDAQ: DKNG) made a strategic move that lifted its prospects for future growth, while Marathon Digital Holdings (NASDAQ: MARA) surged on a strong day for the cryptocurrency market.
Shares of DraftKings were up more than 3% on Tuesday afternoon. The specialist in sports betting and fantasy sports contests made a move that should help it build credibility with devoted gamblers while also raising its exposure.
Source Fool.com
