Is Draftkings (DKNG) a Smart Long-term Buy? Alger Mid Cap Focus Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. Class Z shares of the Alger Mid Cap Focus Fund outperformed the Russell Midcap Growth Index during the third quarter of 2020. You should check out Alger Mid Cap Focus Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021. In the Q3 2020 Investor Letter, Alger Mid Cap Focus Fund highlighted a few stocks and Draftkings Inc. (NASDAQ:DKNG) is one of them. Draftkings Inc. (NASDAQ:DKNG) is a sports betting company. Year-to-date, Draftkings Inc. (NASDAQ:DKNG) stock gained 357.6% and on December 28th it had a closing price of $48.96. Here is what Alger Mid Cap Focus Fund said: