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Stocks making the biggest moves midday: Verizon, DraftKings, Gap & more

May 3, 2021

Via: CNBC

Estee Lauder — Shares of the beauty company fell more than 7% on Monday after missing analysts’ revenue estimates for the first quarter. Estee Lauder reported earnings per share of $1.62 on revenue of $3.86 billion. Wall Street expected earnings per share of $1.32 on revenue of $3.94 billion, according to Refinitiv.

DraftKings — The sports betting stock rose about 1% on Monday following an upgrade to outperform from market perform by Cowen. The investment firm said in a note to clients that the stock’s recent slide represented a buying opportunity, considering the improving outlook for sports betting and DraftKings’ market share.

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