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Vaccine stocks rally, DraftKings to buy Golden Nugget, Bitcoin’s weekend moves

In this article:
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Yahoo Finance’s Jared Blikre reports on the day's trending tickers.

Video Transcript

- I want to head on over to the interactive board, just a couple of feet away. We're going to have Yahoo Finance's Jared Blikre standing by in studio for a look at today's trending takers. Jared, let's start with some of the vaccine stocks that are rallying.

JARED BLIKRE: Moderna. Guess what? We might get a booster. And that means potentially more revenue for them down the road. This is a stock that's been on fire, along with the other vaccine stocks. Going back to last week, they reported earnings. Nice things to say there.

They got a new order from the EU for 200 million doses, up to 200 million doses. You can see it's up 38% over five days. It's not the only one.

I'm going to change this heat map to a five day view, sort by performance. And you can see Moderna's still number one, almost 40%. BioNTech up 31%, Vaxart, 22%, Novavax, 15%. So biotech, these stocks have been fueling biotech a little bit.

But we've also seen a rotation into health care recently, a little bit of a defensive mood. So all of this is contributing to these leaders standing out. And definitely among the leaders in our top 10 trending takers today, guys.

- And Jared, I want to ask you about this $1.5 billion a deal. That's DraftKings buying the Golden Nugget Online Gaming. What are you watching in that space? Is the stock going to move?

JARED BLIKRE: Well, DraftKings is up. And that's impressive because this is dilutive. It's an all-stock transaction for about $1.5 billion. DraftKings hasn't done, as a stock, a whole lot this year.

You can see it's up. They're down about 4% over the last two months. Here's what it's done this year. Here's what it's done over the last year. And eventually we're going to get to a pattern here that we can potentially trade off of.

I think the price action here is telling, that we need to clear this resistance point here. We're going to call that, let's say, 55 and change to the downside. We've got pretty strong support at 40.

So as long as we're in this trading range, not going anywhere. But check out Golden Nugget Online Gaming. Let's take a look at a line chart so you can really see the move today. This is over the last two years, really just going through into some technical resistance here, a point that we've reached in 2020.

So a lot of times when a stock moves very quickly, it will just stop at a resistance point, consolidate. Then you have to see where it's going to go next.

I want to show you one more thing. This is Rush Street Interactive. This stock is up 15%, just kind of showing you how the whole industry, some of its peers benefiting from this.

And if I go back up to DraftKings, I do have some analyst commentary. Let's go to a 13 day view and punch this up. Needham is talking about it and they like the prospects of this deal. They are saying DraftKing's deal to buy Golden Nuggets for about $1.5 billion is a move that will positively fuel their data science engine. There you go.

Key assets that it acquires is, for DraftKings, the customer database of 5 million users. That's for Golden Nuggets. This is going to allow the company to leverage daily fantasy users to target likely online sports betting players. And all in all, this is looking pretty decent for the industry, especially with the state and local gaming rules in flux right now.

- All right, Jared, let's talk about cryptocurrency. Particularly Bitcoin right now, because it is up over 40,000-- actually right now at 45,000, roughly.

JARED BLIKRE: I'll tell you what, I used to dread the weekends for Bitcoin but now I'm kind of liking. Bitcoin moves on the weekend. So let's take a look at the two month price action here on a candlestick basis.

This is going to be instructive. We got to 40,000 last week. And now we're punching above it, holding above 45,000. This is a key level.

If we go to a year to date chart, kind of been looking at this level for a very long time. In fact, since it broke down from this level in that head and shoulders top that a lot of people were noting, 45,000. A big level here. If we can hold above it, I see no reason why we can't launch and retest those $62,000 to $63,000 highs that we saw there. All in all, looking pretty good for Bitcoin. But we do need to hold 45 for at least 24 hours, I would say.