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Stock Market & Financial Investment News

News Breaks
March 11, 2014
12:28 EDTISLE, BYD, DDE, PNK, MCRI, PENNCasino operators climb after hedge fund discloses Boyd Gaming stake
The shares of a number of U.S. casino operators focused on properties outside of Las Vegas are rising after a hedge fund announced a significant stake in one of the companies in the sector, Boyd Gaming (BYD). WHAT'S NEW: Hedge fund Elliott Management last night disclosed that it had obtained 4.99% of Boyd's outstanding shares and an additional 2.05% exposure to the stock through derivatives. Elliottís filing status allows the fund to seek talks with Boydís management or its board regarding a variety of strategic alternatives, but the filing said the fund has no present plan or proposal to engage management. ANALYST REACTION: In a note to investors earlier today, research firm Janney Capital called Boyd Gaming shares expensive. The company is unlikely to be sold for much above its current share price, given the stock's high valuation, wrote the firm, which has a $9 price target and Neutral rating on the stock. WHAT'S NOTABLE: Companies that own U.S. casinos outside of Las Vegas have reported largely disappointing results in recent weeks, with Pinnacle Entertainment (PNK) and Isle of Capri (ISLE) announcing results that missed expectations. Meanwhile, Penn National (PENN) reported lower than expected fourth quarter revenue and provided weaker than expected first quarter guidance last month. Separately, well-known investor Leon Cooperman disclosed on February 25 that he had sold his stake in Penn National last quarter. Another in the space, Monarch Casino (MCRI), reported higher than expected revenue but profits that came in below analysts' consensus estimate. PRICE ACTION: In early afternoon trading, Pinnacle Entertainment jumped 5.4% to $25.60, Isle of Capri advanced 2.5% to $8.72, Dover Downs Gaming (DDE) climbed 1.9% to $1.58, and Boyd Gaming jumped 18% to $13.90. Bucking the trend, Penn National slid 0.9% to $12.77 and Monarch Casino dropped 1.5% to $18.95.
News For BYD;PENN;PNK;ISLE;MCRI;DDE From The Last 14 Days
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April 23, 2015
10:30 EDTPNKOptions with decreasing implied volatility
Options with decreasing implied volatility: NLNK PNK INFN WUBA MLNX CREE SKX CMG NOW FTNT
08:03 EDTPNKPinnacle Entertainment reports Q1 adjusted EPS 52c, consensus 45c
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07:09 EDTPENNPenn National sees Q2 EPS 11c, consensus 13c
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07:09 EDTPENNPenn National sees FY15 EPS 46c, consensus 46c
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07:08 EDTPENNPenn National reports Q1 EPS 12c, consensus 11c
Reports Q1 revenue $664.1M, consensus $668.57M.
April 22, 2015
16:08 EDTMCRIMonarch Casino reports Q1 EPS 24c, consensus 22c
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15:50 EDTPNK, PENNNotable companies reporting before tomorrow's open
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10:53 EDTPNKOptions with decreasing implied volatility
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April 20, 2015
10:29 EDTPNKOptions with increasing implied volatility: PNK PSEC TWC
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April 17, 2015
10:43 EDTPNKOptions with increasing implied volatility: PNK FOSL ARCP LO
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10:00 EDTPENNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CECO Environmental (CECE) upgraded on several positive catalysts at Roth Capital... EMC (EMC) upgraded to Outperform from Market Perform at Bernstein... Fleetmatics (FLTX) upgraded to Overweight from Neutral at Piper Jaffray... NorthStar Asset Management (NSAM) upgraded to Buy from Hold at MLV & Co.... Penn National (PENN) upgraded to Overweight from Neutral at JPMorgan... Rosetta Genomics (ROSG) upgraded to Buy from Hold at Cantor... Ulta Salon (ULTA) upgraded to Buy from Neutral at Nomura... Xcel Energy (XEL) upgraded to Buy from Hold at Argus.
06:32 EDTPENNPenn National upgraded to Overweight from Neutral at JPMorgan
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April 16, 2015
10:51 EDTPNKOptions with increasing implied volatility
Options with increasing implied volatility: PNK ARRY FOSL NSAM WUBA ARCP CSCO
09:05 EDTPNKBofA/Merrill gaming analysts hold an analyst/industry conference call
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April 15, 2015
11:36 EDTPNKPinnacle Entertainment volatility elevated on best and final offer report
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10:31 EDTPNKOptions with increasing implied volatility:
Options with increasing implied volatility: CLDN PNK TLM FOSL ARCP CSCO
April 14, 2015
18:30 EDTPNKOn The Fly: After Hours Movers
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16:35 EDTPNKGaming and Leisure Properties raises bid for Pinnacle Entertainment, WSJ says
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15:40 EDTPNKGaming and Leisure Properties raises bid for Pinnacle Entertainment, WSJ says
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14:05 EDTPENN, BYDNJ Gaming reports March total Win $203.9M vs. $199.3M a year ago
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