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Stocks on the move: Cruise stocks on Barclay upgrade; DraftKings on outperform rating at Macquarie

Yahoo Finance's On the Move panel discuss today's Stocks on the Move: Cruise stocks and DraftKings.

Video Transcript

JULIE HYMAN: As we take you to break we're watching the cruise line [INAUDIBLE]. And that's because Barclay's is out with a note on them, upgrading the cruise line stocks to overweight from equal weight. So we're looking at the likes of Carnival, Norwegian, Royal Caribbean. And Barclays analysts said, well, we might be early on this, but we think things are going to get better. The risk-reward profile is turning more positive.

We're also looking at DraftKings. Those shares are up about 4% today. This, too, is due to an analyst call. An analyst at Macquarie introduced coverage on the stock with an outperform rating, a $65 price target. Those shares are trading around $52 right now. And the analysts talked about the company's prospects for what he called hyper-growth and said, we believe you need to lose money to make money, lose money in the short term, that is, in terms of profitability.