DraftKings (NASDAQ:DKNG) stock is trading higher Monday after research firm Bernstein reiterated an “outperform” rating on the sportsbook operator.

That bullish call comes after DraftKings shed seven percent in July, and in advance of the company’s second-quarter earnings report scheduled for Friday, Aug. 6, prior to the open of US markets. Bernstein said that batch of numbers from the gaming company — its fifth report as a public company — is likely t