DKNG - 2 Stocks That Could Create Lasting Generational Wealth
2024-03-30 09:30:00 ET
Finding emerging consumer brands while they're small is a simple, effective way to build lasting wealth in the stock market. Let's look at fast-growing companies that are on the verge of turning healthy profits and could deliver massive gains for shareholders over the next decade and beyond.
One way to find long-term winners is to identify companies that are benefiting from technological advancements. The online sports betting market is expected to reach $65 billion over the next five years, and DraftKings ' (NASDAQ: DKNG) first-mover advantage in launching on mobile devices years ago has made it the runaway leader in this market.
DraftKings commands over 30% share of the market in North America, and it continues to win more customers. It reported revenue of $1.2 billion in the fourth quarter, rising 44% over the year-ago period.
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2 Stocks That Could Create Lasting Generational Wealth