PENN Entertainment Inc
Stock futures rise as Wall Street tries to recover from Tuesday’s losses: Live updates
China consumer prices in July fall for first time in over 2 years China’s consumer price index fell for the first time in over two years, posting a 0.3% year-on-year drop in July, but rose 0.2% month-on-month. Economists polled by Reuters expected July CPI to drop 0.4% compared to a year ago. Producer price index […]
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Penn Enjoyment sells Barstool Athletics back to founder Dave Portnoy
David Portnoy, founder of Barstool Athletics, is interviewed at the Trackside Live Phase in the LVMS Neon Garage just before the South Issue 400 Monster Power NASCAR Cup Sequence playoff race on September 15, 2019, at Las Vegas Motor Speedway in Las Vegas, NV. Chris WIlliams | Icon Sportswire | Getty Images David Portnoy, the […]
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ESPN launches sportsbook in partnership with Penn Leisure
SportsCenter at ESPN Headquarters. The Washington Put up | The Washington Put up | Getty Pictures Disney‘s ESPN is launching a betting sportsbook, placing the athletics entertainment unit further into the wagering environment. U.S. gambling firm Penn Enjoyment claimed it is partnering with ESPN to rebrand and relaunch its sportsbook as ESPN Wager. It really […]
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Penn’s sports betting business posts head-turning fourth quarter profit
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher […]
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Stocks making the biggest moves midday: SoFi Technologies, Charter Communications, Delta and more
Delta Airlines Embraer ERJ 170-200 flying above Los Angeles International Airport on Oct. 2, 2022 in Los Angeles, California. AaronP/Bauer-Griffin | Gc Images | Getty Images Check out the companies making the biggest moves midday: SoFi Technologies — The fintech stock jumped more than 7% after a filing showed CEO Anthony Noto bought $5 million […]
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Cramer’s lightning round: I can’t recommend Penn Entertainment right now
Penn Entertainment Inc: “Everybody’s in this darn business. … I do like Penn. They’re good guys, but I cant recommend the stock right now.” Symbotic Inc: “They’re a money-losing SPAC. We’re not recommending any money losers.” Tilray Brands Inc: “They and Canopy, if you want to own them, you can own either one. I’m not […]
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JPMorgan downgrades DraftKings, says other sports betting stocks look more attractive
It’s time for investors to ditch shares of DraftKings , according to JPMorgan. Analyst Joseph Greff downgraded shares of the gaming stock to underweight from neutral, saying in a note to clients that the company’s peers offer a clearer path to online-sports-betting (OSM) profitability. “For DKNG, we see a longer runway and more risk to […]
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Mattress Mack’s record $75 million Astros payout will cost Caesars, Penn big this quarter
Jim “Mattress Mack” McIngvale, of Houston, holds some of the tickets in Atlantic City N.J., Tuesday, Nov. 1, 2022, showing bets he has made on the Houston Astros to win the baseball World Series. Wayne Parry | AP Mattress Mack’s record-breaking $75 million payout on a wager that the Houston Astros would win the World […]
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Cramer’s lightning round: Harmonic is not a buy
Harmonic Inc: “Sells way too high on a price-to-earnings multiple for me to recommend when there’s so many cheaper stocks out there.” Cloudflare Inc: “It is okay to buy. I know that’s a tough call, but I do believe it.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost […]
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Dan Niles’ Satori Fund is beating the market this 12 months. Here’s where he is placing his revenue
This year’s bear industry has left numerous buyers deep in the crimson, but Dan Niles claims his Satori Fund has bucked the trend. Niles said the U.S.-targeted prolonged-brief equity fund is up this calendar year, outperforming the S & P 500 , which has declined around 20% in the exact same time period. He did […]
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