Jim Cramer Just Couldn't Stop Gushing About DraftKings (DKNG)'s Deals Ahead of the NFL Season

We recently published Jim Cramer Analyzed These 10 Stocks & Discussed Inflation. DraftKings Inc. (NASDAQ:DKNG) is one of the stocks Jim Cramer recently discussed.

DraftKings Inc. (NASDAQ:DKNG)’s shares have gained 32% year-to-date as it has benefited from strong earnings performance, which has seen it smash records and positive analyst coverage. For instance, during its second quarter, the firm’s $1.5 billion in revenue, $301 million in operating income, and $158 million all set new records. DraftKings Inc. (NASDAQ:DKNG)’s shares have gained 1.6% since the earnings release. Cramer’s previous comments about the firm have raised the possibility of it performing well during the upcoming football season. This time,  he commented on the number of deals that are on DraftKings Inc. (NASDAQ:DKNG):

“[On how retail traders might be diverted away to football season] Well it’s interesting that you say that because oh my god the deals that DraftKings has, I was fooling around. . . there’s like every two hours there’s one. And oh my, as between Fortinet and my daily fantasy, I think daily fantasy has a better dividend.”

Here are Cramer’s previous thoughts about DraftKings Inc. (NASDAQ:DKNG):

“As we approach football season, things are already looking pretty darn good for DraftKings, one of the nation’s largest online sportsbooks. I’ve been steadfastly bull on this one, you know, just the whole way. After the close, DraftKings reported an impressive quarter, revenue growth accelerating to 37%, better-than-expected earnings, higher-than-expected earnings before interest, taxes, depreciation, and amortization. These results were driven by what DraftKings calls sportsbook-friendly outcomes in the quarter, and the company only reiterated its full-year forecast. But management did say that it now expects to see revenue near the high end of its guidance range. That was good enough to send the stock flying in after-hours trading.”

While we acknowledge the potential of DKNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.