Casino stocks have had a rough year in 2020 due to coronavirus (COVID-19) shutdowns. However, some long-term gambling bulls believe business will get back to normal for gamblers as soon as casinos reopen.Two of the most popular regional U.S. casino operators are Boyd Gaming Corporation (NYSE: BYD) and Penn National Gaming, Inc (NASDAQ: PENN), and both stocks have taken a beating this year. Boyd shares are down 39.6% year to date, while Penn shares are down 26.5%.There is a bull case to be made for both stocks at this point. Here's how they stack up against one another.Related Link: The Road To Recovery For Las Vegas Casino Stocks The Boyd Bull CaseBoyd operates about 30 gaming facilities in 10 different U.S. states, including 12 properties in and around the Las Vegas area. Las Vegas casinos remain closed at this point, but Bank of America analyst Shaun Kelley recently said some properties...
NVIDIA Corporation (NASDAQ: NVDA) is scheduled to report its fiscal year 2021 first-quarter results May 21 after the close. Ahead of the results, and following the recent strong run in the shares, an analyst at Needham hiked their Nvidia price target to a Street-high number.The Nvidia Analyst Analyst Rajvindra Gill maintained a Buy rating and increased the price target from $270 to $360. (See his track record here )The Nvidia Thesis The positive Nvidia story hinges on three pillars, Gill said in a Monday note: the chipmaker's recently completed Mellanox acquisition, strong gaming sales and solid data center performance. (See his track record here.)The analyst said Mellanox results have improved meaningfully since Nvidia announced its intention to acquire the Israeli chipmaker in March 2019.Mellanox's revenues came in at $1.3 billion in 2019, the non-GAAP gross margin was at 68.3% and non-GAAP operating income was $384 million, he said. Needham anticipates that...
By the end of April 2020, an ounce of gold was equivalent to 111.5 ounces of silver in price, up from 85 ounces when the year began. Gold's 31% gain over silver during the first four months of this year is in line with a trend that began nine years ago in April 2011 when an ounce of gold bought just 31.7 ounces of silver (Figure 1). So, what's behind the divergence in prices? Figure 1: The Gold-Silver Ratio Has Gone To Unprecedented Levels The answer to this question lies in the starkly different economic underpinnings of the two metals. The differences rarely show up in their day-to-day movements, but the rolling one-year correlation between the two has remained remarkably high during the past few years (Figure 2) even as their price levels, which moved in tandem from 2000 to 2011, have diverged (Figure 3).Figure 2: Even As The Gold-Silver Ratio...
Federal Trade Commission Chairman Joseph Simons indicated on Monday that the agency was looking at privacy complaints regarding Zoom Video Communications Inc. In a teleconference with lawmakers, Simons made reference to concerns that Representative Jerry McNerney of California had about Zoom. McNerney and others had written a letter to Zoom expressing concerns about information collected about registered and non-registered users and recordings made by Zoom subscribers which may be stored in the cloud....
Yahoo Finance's Ethan Wolff-Mann joins Seana Smith to explain why Goldman Sachs is warning the U.S. may be undercounting coronavirus cases by a massive margin, after the crushing jobs numbers last Friday pointed to 20.5 million fewer payrolls in April compared to March....
