Tag: Yahoo Finance

Don’t Bet Against The House With Penn National Gaming Stock

Back in April, I held a bearish outlook on Penn National Gaming (NASDAQ:PENN). At that time, casinos were still closed and the return of live sports seemed very cloudy. However, many investors did not agree with me, and they've been rewarded. PENN stock has nearly doubled in the last month.Source: Jeffrey J Coleman / Shutterstock.com And it's not just Penn National Gaming that's been rewarded. Both DraftKings (NASDAQ:DKNG) and Eldorado Resorts (NASDAQ:ERI) are also among the top 100 Robinhood stocks.The primary catalyst has been the company's casino business, which is slowly starting to reopen. I'll admit the gain in the stock is impressive, but jumping out to a first quarter lead isn't the same as covering the spread. And that's why, though I like the long-term outlook for Penn National Gaming, I think investors are getting ahead of themselves.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Demand Will Still...

Ford re-evaluates office space in coronavirus world

Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces. In March, Ford, General Motors Co and Fiat Chrysler Automobiles NV (FCA) told salaried employees to work from home to prevent the spread of COVID-19. Ford brought back 12,000 salaried employees last month, and others have been told they can work from home until September, spokeswoman Marisa Bradley said....

Novavax Analyst Says DoD Funding Reflects Conviction In Platform, Ability To Deliver On Vaccine

Novavax, Inc. (NASDAQ: NVAX) is landing financing deals that could help to successfully develop a vaccine for SARS-CoV, the virus that causes COVID-19.Novavax's Defense Department Funding The Gaithersburg, Maryland-based biotech said late Thursday that it has been granted funding of up to $60 million by the Department of Defense for manufacturing several components of the vaccine codenamed NVX-CoV2373 in the U.S.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Novavax Analyst: Positive NanoFlu Readout Could Have Driven Increased Conviction The accent on domestic manufacturing is probably due to security reasons, Cantor Fitzgerald analyst Charles Duncan said in a note.Novavax's vaccine consists of stable, prefusion protein antigen made using its proprietary nanoparticle technology and includes its proprietary Matrix M adjuvant.The analyst said he expected funding from government organizations, although Novavax was not part of the "unofficial" list of five finalists...