John M. Chase/iStock Unreleased via Getty Images In my last article on PENN Entertainment ( PENN ), I rated the stock as a cautious buy. The “cautious” is due to the challenges the company faces in the iGaming segment, debt, and other cyclicality of the industry. The “buy” came from the more solid part of the business, such as cash flow from physical casinos, and PENN’s projects, but mainly from t...
John M. Chase/iStock Unreleased via Getty Images In my last article on PENN Entertainment ( PENN ), I rated the stock as a cautious buy. The “cautious” is due to the challenges the company faces in the iGaming segment, debt, and other cyclicality of the industry. The “buy” came from the more solid part of the business, such as cash flow from physical casinos, and PENN’s projects, but mainly from the very asymmetric valuation (such as a P/B below 1x). And well, just yesterday PENN's stock rose 16%. Since my last article, it is already a 21% gain. And this is not by chance; the market did not suddenly realize that there is value in PENN. The trigger was a very solid Q1 earnings release, which helps clarify the outlook for PENN’s near future. Even with this re-rating, I still think PENN is worth a buy rating. The margin of safety became a bit tighter due to the increase in market cap, but at the same time, now it is possible to have fewer doubts regarding execution. Overall, the case became more robust. PENN Q1 Earnings: Digital Meets Physical Projects PENN managed to beat consensus estimates both on the top line and EPS. For revenue it was a slight beat of $30 million, while adj. EPS was a big surprise, as the market expected a negative figure, and PENN delivered $0.12. The table below makes this a bit clearer. Starting with the physical side, we notice a considerable increase in revenue in the Midwest and in the West, driven by the ramp-up of some projects such as the M Resort’s new Hotel Tower. Note that this increase in revenue allowed this segment to have more operating leverage to increase EBITDAR by a few million. Even if the volume is relatively low, EBITDAR growth in the West was 17%. But certainly the highlight was the digital division. This Interactive segment not only grew revenue significantly but is already at an EBITDAR of only -$10 million. In Q1 last year, this figure was -$89 million; that is, it was a very large YoY improvement. But more than that, e...
Nasdaq 100 Index futures jumped on Friday as a blockbuster sales forecast from Intel Corp. fueled a rally in technology stocks. Contracts on the tech-heavy gauge advanced 1.1% at 8:56 a.m. in New York, with chipmakers such as Advanced Micro Devices Inc. and ARM Holdings Plc contributing to gains. Meanwhile, futures on the S&P 500 Index rose 0.2% . “With earnings season underway, fundamentals are b...
Nasdaq 100 Index futures jumped on Friday as a blockbuster sales forecast from Intel Corp. fueled a rally in technology stocks. Contracts on the tech-heavy gauge advanced 1.1% at 8:56 a.m. in New York, with chipmakers such as Advanced Micro Devices Inc. and ARM Holdings Plc contributing to gains. Meanwhile, futures on the S&P 500 Index rose 0.2% . “With earnings season underway, fundamentals are back, which is a welcome development for stocks, which have been tethered to the price of oil for much of the past two months,” said David Laut, chief investment officer at Kerux Financial. Intel is on track to reach an all-time high at the open after delivering a revenue forecast that shattered Wall Street expectations. The upbeat outlook from Intel suggests progress is being made on a turnaround plan that positions the chipmaker to benefit from the buildout of artificial-intelligence computing. “There’s beating earnings expectations and then there’s smashing them,” said Russ Mould , investment director at AJ Bell. “With no hint of hyperbole, it’s fair to say Intel has done the latter with its latest quarterly results.” The earnings come as the Philadelphia Stock Exchange Semiconductor Index is in the midst of a record rally, which has stretched over 17 sessions. Investors are anticipating strong growth for the sector driven by demand related to artificial intelligence. However, the next week will be important, with five of the so-called Magnificent Seven — Amazon.com Inc. , Alphabet Inc. , Meta Platforms Inc. , Microsoft Corp. and Apple Inc. — reporting earnings. These will help confirm “whether or not the sector’s share price gains in recent weeks are justified,” said Kerux Financial’s Laut. “The big tech stock correction that started prior to the Iran war has just about run its course, and valuations are back to elevated levels. The outlook for big tech stocks depends purely on earnings.” Nervous Outside of the tech euphoria, traders are watching for updates from the US ...
Shares of Intel (NASDAQ:INTC) are ripping higher in Friday premarket trading, last quoted near $83.50 after the chipmaker delivered a blowout Q1 2026 earnings report. That move pushes INTC stock above 100% year-to-date in 2026, a remarkable comeback for a name that spent years as the punching bag of the semiconductor sector. The stock closed ... Intel Stock Is Up 100% This Year – Here’s Why
Shares of Intel (NASDAQ:INTC) are ripping higher in Friday premarket trading, last quoted near $83.50 after the chipmaker delivered a blowout Q1 2026 earnings report. That move pushes INTC stock above 100% year-to-date in 2026, a remarkable comeback for a name that spent years as the punching bag of the semiconductor sector. The stock closed ... Intel Stock Is Up 100% This Year – Here’s Why
The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) plans to lay off approximately 10% of its workforce, affecting about 8,000 employees, according to a company memo sent on Thursday. The layoffs are scheduled to begin on May 20. In a note following the report, analysts at Wedbush...
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) plans to lay off approximately 10% of its workforce, affecting about 8,000 employees, according to a company memo sent on Thursday. The layoffs are scheduled to begin on May 20. In a note following the report, analysts at Wedbush...
Trump Extends Jones Act Waiver For 90 Days To Counter Fuel Price Pressures On Friday, President Donald Trump extended a temporary waiver of the century-old Jones Act (Merchant Marine Act of 1920) for an additional 90 days . The move allows foreign-flagged vessels to transport fuel, oil, fertilizer, and other essential goods between U.S. ports, aiming to stabilize domestic supply chains and ease pr...
Trump Extends Jones Act Waiver For 90 Days To Counter Fuel Price Pressures On Friday, President Donald Trump extended a temporary waiver of the century-old Jones Act (Merchant Marine Act of 1920) for an additional 90 days . The move allows foreign-flagged vessels to transport fuel, oil, fertilizer, and other essential goods between U.S. ports, aiming to stabilize domestic supply chains and ease price pressures stemming from the ongoing U.S.-Israeli war with Iran and resulting disruptions in the Strait of Hormuz. White House Assistant Press Secretary Taylor Rogers announced the extension via social media, stating: “President Trump issued a 90-day extension to the Jones Act waiver. New data compiled since the initial waiver was issued revealed that significantly more supply was able to reach U.S. ports faster. This waiver extension provides both certainty and stability for the U.S. and global economies.” Rogers added that the administration has taken multiple steps to mitigate short-term energy market disruptions and ensure vital products continue flowing. President Trump issued a 90-day extension to the Jones Act waiver. New data compiled since the initial waiver was issued revealed that significantly more supply was able to reach U.S. ports faster. This waiver extension provides both certainty and stability for the U.S. and… — Taylor Rogers (@TaylorRogers47) April 24, 2026 This builds on the initial 60-day waiver issued on March 17 (effective until mid-May), which White House Press Secretary Karoline Leavitt described at the time as “another step to mitigate the short-term disruptions to the oil market” amid the conflict. What Is the Jones Act? The Jones Act requires that goods transported by water between U.S. ports be carried on vessels that are U.S.-built, U.S.-owned, U.S.-flagged, and primarily U.S.-crewed . Enacted in 1920 as Section 27 of the Merchant Marine Act, it was designed to protect and rebuild the American maritime industry following World War I, ensur...
da-kuk/E+ via Getty Images Oppenheimer chief market strategist John Stoltzfus is maintaining his bullish outlook on growth and cyclical stocks, emphasizing that the U.S. economy’s resilience and strong corporate earnings are helping markets weather geopolitical uncertainty. In an interview with CNBC, Stoltzfus highlighted that technology stocks have recently caught “a very nice bid” and that posit...
da-kuk/E+ via Getty Images Oppenheimer chief market strategist John Stoltzfus is maintaining his bullish outlook on growth and cyclical stocks, emphasizing that the U.S. economy’s resilience and strong corporate earnings are helping markets weather geopolitical uncertainty. In an interview with CNBC, Stoltzfus highlighted that technology stocks have recently caught “a very nice bid” and that positive earnings growth across all sectors is supporting market performance despite ongoing tensions in the Middle East. “The resilience of the U.S. economy and corporate earnings growth seem to be making it sure that the U.S. market is sharing the spotlight with all the geopolitical risk at this time, and that’s a good thing for the market,” Stoltzfus told CNBC. He noted that his firm has not changed its positioning since the beginning of the year, continuing to focus on growth opportunities while acknowledging the seriousness of geopolitical situations. When it comes to sector preferences, Stoltzfus identified information technology and communication services as his top picks. He also expressed optimism about industrials, financials, and consumer discretionary, noting that these sectors “have suffered at different points this year so far” and are poised for increased investor attention. The strategist emphasized the importance of diversification while recognizing technology’s broad influence across all 11 market sectors. He pointed to strong earnings data, noting that “earnings growth is positive across all 10 sectors, with quite a few double digits and, as I recall, even one triple-digit earnings growth,” with about a quarter of S&P 500 companies having reported first-quarter results. Beyond equities, Stoltzfus expressed bullish views on commodities, particularly copper, which he described as “the new gold in terms of practicality.” He noted that geopolitical tensions have reinforced oil’s importance as the “bridge to carry forth the road to alternative energy,” with the US ...
Hilltop ( HTH ) declares $0.20/share quarterly dividend , in line with previous. Forward yield 2.11% Payable May 22; for shareholders of record May 8; ex-div May 8. See HTH Dividend Scorecard, Yield Chart, & Dividend Growth. More on Hilltop My Enthusiasm For Hilltop Holdings Has Declined After Q1 2026 (Rating Downgrade) Hilltop Holdings: Ample Capital, Challenging Conditions Hilltop Holdings Inc. ...
Hilltop ( HTH ) declares $0.20/share quarterly dividend , in line with previous. Forward yield 2.11% Payable May 22; for shareholders of record May 8; ex-div May 8. See HTH Dividend Scorecard, Yield Chart, & Dividend Growth. More on Hilltop My Enthusiasm For Hilltop Holdings Has Declined After Q1 2026 (Rating Downgrade) Hilltop Holdings: Ample Capital, Challenging Conditions Hilltop Holdings Inc. 2025 Q4 - Results - Earnings Call Presentation Hilltop Holdings outlines 2026 loan growth target of 4%–6% as net interest margin expands Seeking Alpha’s Quant Rating on Hilltop
The Pennsylvania city is hosting the draft for the first time in almost 80 years. Pittsburghers say the city's passionate fanbases and winning teams make the selection a natural fit. (Image credit: Jeff Swensen for NPR)
The Pennsylvania city is hosting the draft for the first time in almost 80 years. Pittsburghers say the city's passionate fanbases and winning teams make the selection a natural fit. (Image credit: Jeff Swensen for NPR)
Gianluca Prestianni is given a six-game ban by Uefa for homophobic conduct during Benfica's Champions League knockout play-off matched with Real Madrid in February.
Gianluca Prestianni is given a six-game ban by Uefa for homophobic conduct during Benfica's Champions League knockout play-off matched with Real Madrid in February.
(RTTNews) - After ending the previous session mostly lower, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.
(RTTNews) - After ending the previous session mostly lower, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.