From Yahoo Finance: 2025-05-04 11:55:00

In a recent article, Insider Monkey compiled a list of the 12 Best Stocks to Buy and Hold For 10 Years, including DraftKings Inc. (NASDAQ:DKNG). The stock market’s sharp decline prompted discussions on “buying the dip” in online communities like Reddit, but financial advisors advise sticking to long-term investment plans. Timing the market perfectly is nearly impossible, so experts recommend a thoughtful, rules-based investment strategy focusing on long-term goals.

To compile the list of the 12 best stocks, Insider Monkey used search terms and reviewed financial media reports, focusing on the top 12 stocks favored by institutional investors. The hedge fund sentiment for each stock was considered, and the stocks were ranked based on the number of hedge funds holding stakes in them as of Q4 2024.

DraftKings Inc. (NASDAQ:DKNG) is a leading digital sports entertainment and gaming company, offering products in daily fantasy, regulated gaming, and digital media. With mobile sports betting live in 25 states and Washington, D.C., and iGaming services available in 5 states, DKNG continues to expand its reach. The company’s strategic moves have led to positive adjusted EBITDA in 2024 and revenue growth of 13% year-over-year in Q4 2024. DKNG ranks among the top stocks to buy and hold for 10 years.

While DKNG shows promise as an investment, some AI stocks may offer higher returns in a shorter timeframe. Insider Monkey highlights an AI stock that has increased in 2025 while popular AI stocks saw a decline. For investors seeking a promising AI stock trading at less than 5 times its earnings, Insider Monkey recommends checking out their report on the cheapest AI stock.



Read more at Yahoo Finance: Is DraftKings Inc. (DKNG) The Best Stock To Buy and Hold For 10 Years?