DraftKings Inc., based in Boston, is a digital sports entertainment and gaming company that provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design and development of sports betting and casino gaming software. The company has approximately 900 employees.

Corporate insiders clearly did not have advanced knowledge of the U.S./Israel military action against Iran. But the year-to-date data on insider sentiment from Vickers Stock Research had been telling us for months that insiders felt that equity prices were rich and therefore vulnerable. While we acknowledge that trying to gauge changes in insider sentiment is trivial when a war is impacting millions of lives, we note that the longer-term valuation opinion from insiders has turned somewhat as share prices have pulled back. Last week, four of the 11 market sectors earned a bearish one-week sell/buy ratio from Vickers. This week, only one (Communication Services) is bearish. Last week, four sectors earned a bullish one-week sell/buy ratio from Vickers. This week, seven are bullish (Consumer Discretionary, Consumer Staples, Financial, Healthcare, Industrials, Real Estate, and Utilities). Turning to indices, on a scale where a reading of 2.00 or lower is bullish, Vickers' NYSE One-Week Sell/Buy Ratio is now 2.53, improved from 4.43 last week. The same ratio for the Nasdaq is now 3.24 versus 3.98 last week. And Vickers' Total one-week ratio (all exchange) is now 2.90, improved from 4.11 last week. From a longer-term sector perspective, three sectors now have a bearish eight-week sell/buy ratio: Communication Services, Energy, and Utilities. That is down from six last week, with the Industrial, Information Technology, and Materials sectors all improving to neutral. Meanwhile, three sectors now have a bullish eight-week sell/buy ratio: Consumer Staples, Financial, and Real Estate. The results are particularly robust in the Financial sector, with 1,296 transactions recorded in the sector during the week. This week, analysts at Vickers highlight insider transactions of interest at AppLovin Corp. (NGS: APP) and CF Industries Holdings Inc. (NYSE: CF).

This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. With its predictive market launch in 2025, DraftKings is now live with online or retail sports betting in most all states and i-gaming in five states, with both products available to around 40% of Canada's population. In 2025, sports revenue was 63% of total sales, i-gaming 30%, and fantasy and lottery 7%.