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Lithium Americas Corp. (LAC)

by | Sep 18, 2020 | Daily Trade Alert

Just yesterday, we highlighted opportunity in DraftKings Inc. (DKNG), as it traded at $49.15. It’s now set to open higher at $53.48. From here, we’d like to see this stock continue to rise on the sports betting boom, and on news of even more big sports deals.

Benchmark analyst Mike Hickey is just as bullish, raising his price target to $57 from $45. He says the company’s deal with “ESPN to integrate links to its sportsbook and daily fantasy offerings on the media outlet’s digital platforms elevates the DraftKings brand and will help further legitimize sports betting,” as reported by Barron’s.

At the moment, DKNG is still a great buying opportunity.

As for other, newer opportunities take a look at Lithium Americas Corp. (LAC). The stock is still exploding higher on the coming lithium boom. Not only does the company plan to make an electric car battery factory near Tesla, it’s thriving as lithium demand picks up steam.

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