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The RSI indicator can help traders identify oversold stocks in the consumer discretionary sector, such as Under Armour (UAA), National Vision Holdings (EYE), and Rush Street Interactive (RSI).
Read original at benzingahttps://www.theinformation.com/articles/kalshi-tops-4-billion-annualized-revenue-seeks-40-billion-valuation
Read original at benzingaDraftKings surged 8.39% to $24.03 following Q2 results that missed analyst expectations but showed strong underlying metrics. Despite a 5% sales drop due to customer-friendly sports outcomes, the company reported 15% growth in sports consumer volume, 9% jump in monthly unique payers, and a quintupling of prediction services volumes. The stock's rally was driven by optimism around prediction-market growth, though regulatory hurdles and potential cannibalization between betting products remain concerns.
Read original at the-motley-foolhttps://www.bloomberg.com/news/articles/2026-08-07/cftc-warns-prediction-markets-against-american-style-casino-odds?utm_source=latest&utm_medium=share&utm_campaign=copy
Read original at benzinga