I recommend buying Churchill Downs Incorporated’s (NASDAQ:CHDN) equity on dips in price. The company has a strong and experienced management team, which has consistently maintained its focus on creating shareholder value. The recommended trade is purchasing the equity and potentially the 4.75% Bonds maturing 2028 trading at a YTM of ~5.25%.
CHDN’s management is experienced and focused on running its operating businesses well and creating shareholder value. All three core lines of business continue to show constant growth, with management continuing to invest in future growth and opportunistic M&A. The company’s debt was recently refinanced in December 2017, lowering interest rates and lengthening maturities. Lastly, CHDN is well positioned for potential iGaming (real money online sports gambling), should the upcoming US Supreme Court ruling on the PASPA law (Professional & Amateur Sports) overturn the current restrictions.
Key Risks to Thesis
The main risk to the thesis above is that the US Supreme Court upholds the PASPA law and iGaming does not become legal in the United States. While the company’s current businesses will continue to perform well, the stock may trade down on the news or be revalued closer to the multiples of other regional casino operators.
Hot Casino Stocks For 2019: Bunge Limited(BG)
- [By Stephan Byrd]
Bunge Ltd (NYSE:BG) insider Jerry Matthews Simmons, Jr. sold 4,122 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $70.30, for a total value of $289,776.60. Following the completion of the sale, the insider now directly owns 10,068 shares in the company, valued at approximately $707,780.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
- [By Jon C. Ogg]
Bunge Ltd. (NYSE: BG) has often been considered a global proxy for the price and trade issues around soybeans. Its shares were actually down 14 cents at $67.85 late Thursday morning (after opening up at $68.10). The 52-week range is $63.87 to $83.20, and the consensus target price is $86.70. That consensus target seems quite generous considering the major price slide that has been seen since February.
- [By Zacks]
It goes without saying that companies that export huge amounts of farm products to China stand to be the winners. Shares of The Andersons, Inc. (NASDAQ: ANDE) jumped 1.6%, while Bunge Limited (NYSE: BG) increased 0.4% on Monday.
Hot Casino Stocks For 2019: CYREN Ltd.(CYRN)
- [By Lisa Levin] Gainers
Pacific Biosciences of California, Inc. (NASDAQ: PACB) rose 11.4 percent to $2.93 in pre-market trading.
Check-Cap Ltd. (NASDAQ: CHEK) shares rose 6.3 percent to $4.76 in pre-market trading as the company announced the publication of CE Mark multicenter clinical study results on C-Scan® in Gut.
Acacia Communications, Inc. (NASDAQ: ACIA) rose 6 percent to $ 35.20 in pre-market trading.
Cellect Biotechnology Ltd. (NASDAQ: APOP) rose 6 percent to $7.60 in pre-market trading.
Hexindai Inc. (NASDAQ: HX) rose 5.7 percent to $12.70 in pre-market trading.
MoSys, Inc. (NASDAQ: MOSY) shares rose 5.3 percent to $2.07 in pre-market trading.
Micron Technology, Inc. (NASDAQ: MU) rose 5 percent to $58.20 in pre-market trading after reporting a $10 billion buyback plan.
Golden Ocean Group Limited (NASDAQ: GOGL) rose 4.1 percent to $8.63 in pre-market trading.
MorphoSys AG (NASDAQ: MOR) rose 3.5 percent to $26.99 in pre-market trading.
Cyren Ltd (NASDAQ: CYRN) shares rose 3.4 percent to $2.90 in pre-market trading. after reporting Q1 results.
Box, Inc. (NYSE: BOX) rose 3.4 percent to $28.76 in pre-market trading.
Kohl's Corporation (NYSE: KSS) shares rose 3.3 percent to $67.60 in the pre-market trading session after the company reported upbeat quarterly earnings.
Micro Focus International plc (NYSE: MFGP) shares rose 3.1 percent to $18.40 in pre-market trading.
- [By Lisa Levin] Companies Reporting Before The Bell
Advance Auto Parts, Inc. (NYSE: AAP) is projected to report quarterly earnings at $1.97 per share on revenue of $2.91 billion.
Kohl's Corporation (NYSE: KSS) is expected to report quarterly earnings at $0.5 per share on revenue of $3.95 billion.
The TJX Companies, Inc. (NYSE: TJX) is projected to report quarterly earnings at $1.02 per share on revenue of $8.47 billion.
AutoZone, Inc. (NYSE: AZO) is estimated to report quarterly earnings at $13.01 per share on revenue of $2.72 billion.
Dycom Industries, Inc. (NYSE: DY) is projected to report quarterly earnings at $0.7 per share on revenue of $734.86 million.
Eaton Vance Corp. (NYSE: EV) is estimated to report quarterly earnings at $0.79 per share on revenue of $425.42 million.
Photronics, Inc. (NASDAQ: PLAB) is expected to report quarterly earnings at $0.07 per share on revenue of $124.17 million.
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is estimated to report quarterly earnings at $1.93 per share on revenue of $715.15 million.
Radcom Ltd. (NASDAQ: RDCM) is expected to post quarterly earnings at $1.96 per share on revenue of $718.59 million.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is projected to report quarterly earnings at $0.04 per share on revenue of $718.96 million.
CYREN Ltd. (NASDAQ: CYRN) is estimated to report quarterly loss at $0.08 per share on revenue of $7.72 million.
Ferroglobe PLC (NYSE: GSM) is projected to report quarterly earnings at $0.16 per share on revenue of $559.15 million.
Dr. Reddy's Laboratories Limited (NYSE: RDY) is estimated to report earnings for its fourth quarter.
BioLineRx Ltd. (NASDAQ: BLRX) is expected to report quarterly loss at $0.07 per share.
Toll Brothers, Inc. (NYSE: TOL) is estimated to post quarterly earnings at $0.76 per share on revenue of $1.58 billion.
- [By Lisa Levin] Gainers
Regional Health Properties, Inc. (NYSE: RHE) shares surged 56 percent to $0.3980.
Precipio, Inc. (NASDAQ: PRPO) shares jumped 34 percent to $0.5632 after the nano-cap specialty diagnostics company said it saw an acceleration of sales in its Pathology services in April. The company now expects to see a sequential double digit quarterly sales growth.
SenesTech, Inc. (NASDAQ: SNES) rose 16 percent to $1.45 after trading higher at one point Monday by nearly 300 percent. The nano-cap developer of pest control said the California state government approved the company's ContraPest for user in the state.
America's Car-Mart, Inc. (NASDAQ: CRMT) gained 13.3 percent to $61.975 after reporting upbeat Q4 results.
Check-Cap Ltd. (NASDAQ: CHEK) shares gained 9.8 percent to $4.92 as the company announced the publication of CE Mark multicenter clinical study results on C-Scan® in Gut.
Arcimoto, Inc. (NASDAQ: FUV) rose 8.3 percent to $3.41.
Ferroglobe PLC (NYSE: GSM) gained 7 percent to $12.13 following stronger-than-expected quarterly earnings.
Photronics, Inc. (NASDAQ: PLAB) shares climbed 6.5 percent to $9.00 after the company reported upbeat Q2 results.
Micron Technology, Inc. (NASDAQ: MU) rose 6.2 percent to $58.94 after reporting a $10 billion buyback plan.
Blink Charging Co. (NASDAQ: BLNK) gained 6.2 percent to $7.53. Blink Charging disclosed that its vehicle charging network exceeds 125,000 members.
The Container Store Group, Inc. (NYSE: TCS) gained 5.4 percent to $7.97. Container Store is expected to release quarterly earnings after the closing bell.
Cyren Ltd (NASDAQ: CYRN) shares rose 5.4 percent to $2.95 after reporting Q1 results.
Check out these big penny stock gainers and losers
Hot Casino Stocks For 2019: Snap Inc. (SNAP)
- [By Natalie Walters]
Snap (NYSE:SNAP)reported its worst quarter ever on May 2, just months after its CEO was awarded the third-highest annual payout ever received by a company’s chief executive.
- [By Chris Neiger]
Shares of Snap Inc. (NYSE:SNAP) climbed 14.9% in June, according to data provided by S&P Global Market Intelligence, after Citron Research published a positive note about the company and initiated coverage at the very end of May.
- [By Rich Duprey]
Recently investment firm Piper Jaffrayreleased its biannual survey of teen views on social media and found Snap’s (NYSE:SNAP) vanishing message app was favored by 45% of teens compared to just 8% who used Facebook. That comports with the Statista data that found that just 3% of U.S. Facebook users, or 6.9 million were aged 13 to 17 years old.
Hot Casino Stocks For 2019: Monro Muffler Brake, Inc.(MNRO)
- [By Lisa Levin] Gainers
Avenue Therapeutics, Inc. (NASDAQ: ATXI) rose 29.4 percent to $5.50 in pre-market trading after the company disclosed that its first pivotal Phase 3 trial of IV tramadol achieved the primary and key secondary endpoints.
MB Financial, Inc. (NASDAQ: MBFI) rose 16.8 percent to $51.00 in pre-market trading. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock.
LiveXLive Media, Inc. (NASDAQ: LIVX) rose 9.3 percent to $5.40 in pre-market trading after falling 28.92 percent on Friday.
Celyad SA (NASDAQ: CYAD) shares rose 9 percent to $29.30 in pre-market trading after climbing 3.26 percent on Friday.
Ethan Allen Interiors Inc. (NYSE: ETH) rose 6.7 percent to $26.40 in pre-market trading after gaining 1.64 percent on Friday.
Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) rose 5.4 percent to $3.90 in pre-market trading after gaining 3.06 percent on Friday.
Acacia Communications, Inc. (NASDAQ: ACIA) rose 5.2 percent to $34.70 in pre-market trading after gaining 1.38 percent on Friday.
Westinghouse Air Brake Technologies Corporation (NYSE: WAB) rose 5.1 percent to $100 in pre-market trading. General Electric Company (NYSE: GE) agreed to merge its transportation unit with Wabtec.
Sunrun Inc. (NASDAQ: RUN) shares rose 4.7 percent to $11.50 in pre-market trading.
Nasdaq, Inc. (NASDAQ: NDAQ) shares rose 4.3 percent to $93.98 in the pre-market trading session.
LaSalle Hotel Properties (NYSE: LHO) shares rose 4.2 percent to $33.25 in pre-market trading. Blackstone Group LP (NYSE: BX) will buy LaSalle Hotel Properties in a $4.8 billion deal, Bloomberg reported.
Monro, Inc. (NASDAQ: MNRO) shares rose 4 percent to $58.35 in pre-market trading as the company posted upbeat quarterly earnings and disclosed that it has acquired Free Service Tire.
HUYA Inc. (NYSE: HUYA) rose 3.7 percent to $19.75 in pre-market trading after falling 4.80 percent on Friday.
Find out what's going
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Monro (MNRO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Garrett Baldwin]
Markets have been under pressure once again by the U.S. Federal Reserve. Inflation levels are going through the roof… but the people in charge of managing it have been lying to Americans for years. Now, it’s time to get even.Money MorningLiquidity Specialist Lee Adler has the perfect way to make a lot of money when no one is looking.Read it here.
The Top Stock Market Stories for Monday
Markets are cheering news that the supposed trade war between the United States and China is “on hold,” according to U.S. Treasury Secretary Steven Mnuchin. Mnuchin and U.S. President Donald Trump’s top economic advisor, Larry Kudlow, announced that both nations have reached an agreement, one that established a framework to help address ongoing trade imbalances between the two countries. The prices of crude oil is in focus after Venezuelan President Nicolas Maduro won reelection over the weekend. The election featured a very low turnout and a very large outcry that the vote was rigged. Maduro has a 75% disapproval rating and has been the face of the OPEC member’s widespread mismanagement and economic collapse. Prior to the election, a member of the Trump administration said that the United States would not recognize the authenticity of the election. The United States is considering additional sanctions on Venezuela. Today is a major day for mergers and acquisition activity. Today, Blackstone Group LP(NYSE: BX) announced plans to purchase U.S. hotel operator LaSalle Hotel Properties (NYSE: LHO) for a whopping $3.7 billion. The deal comes at a time that the travel industry is experiencing one of the best periods in a decade. If you’re looking for a way to make money ahead of Memorial Day weekend, we show you how here.
Four Stocks to Watch Today: GOOGL, GE, MBFI, FITB
Alphabet Inc. (Nasdaq: GOOGL) is under pressure this morning after a harsh piece aired last night on “60 Minutes.” The segment discussed the organization’s power and influence. It also featured inter
- [By Motley Fool Staff]
Monro, Inc. (NASDAQ:MNRO)Q4 2018 Earnings Conference CallMay 21, 2018, 8:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Maureen Mulholland — Vice President, General Counsel, and Secretary