DraftKings Inc. Class A Common Stock

Following three consecutive releases of inflation rates surpassing expectations, traders are anxiously awaiting the April Consumer Price Index (CPI) report, set to be released by the Bureau of Labor Statistics this Wednesday. Analysts foresee a drop in both the overall Consumer Price Index (CPI) and its ‘core’ component, which excludes items like energy and food, in terms of annual inflation rates. April CPI Preview: What Do Economists Expect The consensus among Wall Street economists anticipates the CPI inflation rate to ease from 3.5% in March to 3.4% in April, compared to the same month last year. On a monthly basis, the CPI index is predicted to decelerate from 0.4% to a 0.3% pace. The annual core CPI inflation rate is seen falling from 3.8% to 3.6% compared to a year ago. If expectations are matched, it will mark the lowest annual core inflation rate since April 2021. On a monthly basis, the core CPI index is also expected to decelerate from 0.4% to 0.3%. Goldman Sachs' Take Goldman Sachs has released its forecasts for the upcoming CPI report, aligning closely with broader consensus estimates. ...Full story available on Benzinga.com

Related tickers: SPY, DKNG, DASH.

Goldman Sachs analyst Ben Andrews is out with a new report on the state of the sports betting sector. March online sports betting data points to the industry being softer, Andrews wrote, citing 7% year-over-year growth compared to 17% year-over-year growth in February. The key leaders in the industry include FanDuel, which is owned by Flutter Entertainment (NYSE:FLUT), DraftKings Inc (NASDAQ:DKNG) and BetMGM, a joint venture from Entain ADR (OTC:GMVHY) and MGM Resorts International (NYSE:MGM). FanDuel and BetMGM saw gains in March, while DraftKings saw a lower share, he said. "Together, the two market leaders – Flutter and DraftKings – hold 80% GGR market share YTD in OSB," Andrews said. FanDuel continues to be well ahead of competitors and has extended the gap with DraftKings over the last four months. "Flutter's GGR win margins ...Full story available on Benzinga.com

Related tickers: PENN, MGM, GMVHY, DKNG, FLUT.