While artificial intelligence (AI) has dazzled investors, driving the broader market indexes to record highs this year, other promising industries can also yield substantial benefits for investors. In this context, analysts have spotlighted sports betting giant DraftKings Inc. (DKNG) and used-car retailer Carvana (CVNA) as two of their top stock picks this month.
Morgan Stanley's (MS) optimistic stance on DraftKings is rooted in its resilience amid regulatory hurdles, with the firm highlighting its robust business model and ability to capitalize on favorable market conditions. Meanwhile, JPMorgan Chase & Co. (JPM) sees Carvana's strategic positioning as a significant advantage, capable of yielding substantial benefits regardless of broader industry challenges.
