DKNG, MELI, SII, UAA, PBR: Trending Stocks Today 6 May

By Kirsteen Mackay


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Stocks trending today include DraftKings (DKNG), Mercadolibre (MELI), Sprott (SII), Under Armour (UAA), and Petrobras (PBR).

DKNG, MELI, SII, UAA, PBR: Trending Stocks Today 6 May

S&P futures are down 0.4% in Friday morning trading after US equities sold off sharply on Thursday. All the major US indices were down over 3%. NASDAQ fell over 5%, its most significant decline since June 2020, amid continued outsized scrutiny on growth. 

Oil up, gold up and Bitcoin (BTC) down.

Here are some of today’s trending stocks:

Draftkings Inc (NASDAQ: DKNG)

Online fantasy sports and sports betting company Draftkings Inc (NASDAQ: DKNG) is up 9% in pre-market trading after falling 8.2% yesterday.

Its Q1 earnings report today bolstered investor hopes as it reported revenue of $417m (up 34% Y/Y) and increased its unique monthly payers. The average revenue per unique monthly payer also rose 11% Y/Y. 

DKNG also raised its FY2022 revenue guidance from between $1.85bn and $2bn to between $1.925bn and $2.025bn.

DraftKings closed yesterday’s session at $14.44, down -77.3% off its 52-week high vs. the subsector average change of -27.7%. It also announced the completion of its acquisition of Golden Nugget Online Gaming, Inc.

Mercadolibre Inc (NASDAQ: MELI)

Mercadolibre Inc (NASDAQ: MELI) was a pandemic beneficiary and a favorite among stock pundits at the time, leading its share price to soar in 2020. Year-to-date, it has fluctuated and is down -31.49%.

However, its Q1 earnings call beat FactSet analyst estimates on EPS and sales.

The Latin American e-commerce retailer saw its Q1 net revenue rise 63% Y/Y to $2.2bn. MELI also reported gross merchandise volume of $7.7bn, again beating expectations.

Yesterday saw stocks slump across the board, with the NASDAQ down over 5%. MELI wasn’t immune, sliding nearly 11%. But Mercadolibre stock is up 6.7% in pre-market trading today.

Sprott Inc (NYSE: SII | TSX: SII)

Precious metals asset manager Sprott Inc (NYSE: SII | TSX: SII) announced a Q1 2022 dividend of US$0.25 per common share, payable on May 31, 2022, to shareholders of record at the close of business on May 16, 2022.

In Q1, the company benefited from solid market value appreciation across its fund products and strong inflows to its physical uranium, gold, and silver trusts.

Sprott’s Q1 earnings highlights include: 

  • Assets Under Management: $23.7bn (up 16% Q/Q)

  • Net income: $6.5m ($0.26 per share) (up 96% Y/Y)

  • Adjusted base EBITDA: $18.2m ($0.73 per share) (up 24% Y/Y)

Peter Grosskopf, CEO of Sprott, said:

Sprott continued to deliver outstanding financial results in the first quarter of 2022. Our strong operating performance during the quarter was driven by market value appreciation in our uranium, gold and silver strategies and more than $1.3 billion of inflows to our exchange listed product offerings, 

Under Armour Inc Class A (NYSE: UAA)

Under Armour Inc Class A (NYSE: UAA) is down 17% in pre-market trading after falling 8.3% yesterday. The company had its Q1 earnings call this morning.

Q1 UAA Highlights:

  • Revenue: $1.3bn (up 3% Y/Y)

  • Wholesale revenue: $829m (up 4% Y/Y)

  • Gross margin: 46.5% (down 350bp Y/Y due to elevated freight expenses)

  • Selling, general & administrative expenses: $594m (up 16% Y/Y)

  • Restructuring and impairment charges: $57m

  • Operating loss: $4m

  • Adjusted operating income: $11m

  • Net loss: $60m

  • Adjusted net loss: $3m

  • Diluted loss per share: $0.13. The adjusted diluted loss per share was $0.01.

  • Cash and Cash Equivalents: $1bn

The sportswear company sells performance apparel, footwear, accessories, and digital fitness apps MapMyFitness and MyFitness Pal.

Under Armour President and CEO Patrik Frisk, said:

Having successfully executed a multi-year transformation and after delivering a record year in 2021 – we are continuing to serve the needs of athletes amid an increasingly more uncertain marketplace,

As global supply challenges and emergent COVID-19 impacts in China eventually normalize, we are confident that the strength of the Under Armour brand coupled with our powerful growth strategy positions us well to deliver sustainable, profitable returns to shareholders over the long-term.

Petroleo Brasileiro ADR Reptg 2 (NYSE: PBR)

State-owned Brazilian multinational Petrobras, Petroleo Brasileiro ADR Reptg 2 (NYSE: PBR), delighted shareholders with its Q1 financial results. It beat analyst estimates with EPS of $1.32 and net income of around $8.86bn. 

The company put its boost in profits down to high Brent crude oil prices, more substantial margins in its diesel arm and reduced LNG imports.

While its attractive dividend is a plus, PBR stock comes with more risk than many oil stocks. Brazilian President Jair Bolsonaro has ranted against the state-run oil company's profitability, saying its executives have no sympathy for ordinary people.

Petrobras also announced ordinary dividend payments of 3.715 reais per share, which amounts to around $0.74 per share. The Brazilian government is by far its biggest shareholder.

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This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of, has not been paid for the production of this piece by the company or companies mentioned above.

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