” Even as I approach the gambling hall, as soon as I hear, two rooms away, the jingle of money poured out on the table, I almost go into convulsions.” /Fyodor Dostoevsky
The newly legislated entry into the global gaming market by Japan has raised prospects of a $30 billion market forming within the first five years of operation. As the implications of this game changing development sink into the market the clear, immediate winners will be the global gaming giants we alluded to in our SA post on December 6 th. Assuming enabling legislation and licensee announcements proceed as planned before the end of 2017, those stocks will have already started to move north on the news alone.
But the potential bounty will go beyond gaming operators to include the makers of gaming equipment and casino monitoring systems for whom we also see an upside future on the Japan news. For now we look at a single global giant in the field, International Gaming Technology (NYSE: IGT). Japanese companies we likewise believe could share in the business like Konami, Sega Sammy (preparing to open its own casino in South Korea this spring) and Aruze. More on investment possibilities in those companies at a later date.
Hot Casino Stocks For 2019: KLA-Tencor Corporation(KLAC)
- [By ]
Attention misguided investors: not every tech company has the same troubles as social media beast Facebook (FB) . And for those opportunistic investors our there, such a dislocation in markets right now between broader tech business models and Facebook’s could spell many lucrative buying opportunities. Research out of Goldman Sachs (GS) shows that 25 tech stocks in particular that have seen large correlations with Facebook’s equity returns since March 15 and have under-performed the S&P 500 . The list of laggards is a whose who of former high-flying tech names: Advanced Micro Devices (AMD) , KLA-Tenor (KLAC) , Take-Two Interactive (TTWO) , Alphabet (GOOGL) , Western Digital (WDC) , Electronic Arts (EA) , and Nvidia (NVDA) .
Not too sure where Mr. Market’s head is at, but it’s unlikely Facebook’s troubles will hurt sales of video-games for Electronic Arts this coming holiday season. Nvidia is still holding the pole position in the booming market for AI and autonomous driving chips, and doesn’t put suspect quizzes on a website.
- [By Max Byerly]
Get a free copy of the Zacks research report on KLA-Tencor (KLAC)
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- [By Jon C. Ogg]
Shares of KLA-Tencor Corp. (NASDAQ: KLAC) were down 3.5% at $109.33, in a 52-week range of $87.93 to $123.96. It also has a consensus price target of $132.31.
Hot Casino Stocks For 2019: Buckle, Inc. (BKE)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Zoe's Kitchen, Inc. (NYSE: ZOES) fell 27.8 percent to $10.45 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter. The company also lowered its FY18 sales outlook from $358million-$368 million to $345 million-$352 million.
Hibbett Sports, Inc. (NASDAQ: HIBB) shares fell 15.6 percent to $24.50 in pre-market trading after the company reported weaker-than-expected results for its first quarter.
Rockwell Medical, Inc. (NASDAQ: RMTI) fell 15.5 percent to $5.02 in the pre-market trading session after the company disclosed that its President and CEO Robert Chioini was terminated.
BG Staffing Inc (NYSE: BGSF) shares fell 12.7 percent to $19.00 in pre-market trading after reporting a common stock offering.
8×8, Inc. (NASDAQ: EGHT) fell 9.3 percent to $20.00 in pre-market trading after reporting downbeat quarterly earnings.
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) fell 7.7 percent to $2.35 in pre-market trading after rising 3.88 percent on Thursday.
Gap, Inc. (NYSE: GPS) shares fell 7.5 percent to $30.49 in pre-market trading after the company posted downbeat earnings for its first quarter on Thursday. Comps were up 1 percent in the quarter.
California Resources Corporation (NYSE: CRC) fell 6.4 percent to $33.91 in pre-market trading.
Buckle Inc (NYSE: BKE) fell 4.9 percent to $24.50 in pre-market trading following weak quarterly sales.
China Rapid Finance Limited (NYSE: XRF) shares fell 4.9 percent to $3.13 in pre-market trading after climbing 11.53 percent on Thursday.
Ross Stores, Inc. (NASDAQ: ROST) fell 4.8 percent to $78.98 in pre-market trading. Ross Stores reported upbeat earnings for its first quarter, but issued weak forecast for the current quarter.
Callon Petroleum Company (NYSE: CPE) shares fell 4.7 percent to $11.90 in pre-market trading after the company reported pricing of common
- [By Garrett Baldwin]
We’re about to reveal a little wealth secret that could unlock the trade of a lifetime.Money MorningSpecial Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead.Read more right here.
The Top Stock Market Stories for Friday
Meanwhile, the United States will continue to meet with China to discuss ways to accelerate a deal between the two nations on trade. U.S. Commerce head Wilbur Ross will be visiting the nation next month to lead the next round of talks. Last weekend, the two nations agreed in principle to avoid a trade war. Here’s the thing… the U.S. government doesn’t want you to know the full story of what is happening. Here’s a look at the backroom details…. U.S. crude oil prices slumped below $70 per barrel Friday thanks to reports out of Russia on its plans to hike production. Russia says it may increase production as part of a plan to ease portions of its deal with OPEC to cap excessive global output. Oil traders have long suspected that Russia would be one of the first countries to turn away from the ongoing deal with Saudi Arabia and the rest of the global oil cartel as soon as prices and inventory levels stabilized. This could be a blow to predictions among OPEC nations, as well as some traders who were hoping that oil could push back toward $100 per barrel.
Three Stocks to Watch Today: FL, NFLX, AMZN
Foot Locker Inc.(NYSE: FL) leads a light day of earnings reports. Shares of the shoe retailer popped 13% after the firm reported earnings per share (EPS) of $1.45. Wall Street had anticipated EPS of just $1.24. The retailer benefited from stronger same-store sales and higher revenue, which also beat Wall Street expectations. On Thursday, Netflix Inc. (Nasdaq: NFLX) surpassed The Walt Disney Co.(NYSE: DIS) in market capitalization to become the most valuable media property on the planet. It’s worth noting, however, that Netflix’s market capitalization of $163 billion
- [By Taylor Cox]
Foot Locker, Inc (NYSE: FL) Q1 premarket
The Buckle, Inc (NYSE: BKE) Q1 premarket
BioMarin Pharmaceutical Inc (NASDAQ: BMRN) PDUFA date for Pegvaliase
Hot Casino Stocks For 2019: Big 5 Sporting Goods Corporation(BGFV)
- [By Ethan Ryder]
Here are some of the news articles that may have impacted Accern’s rankings:
Get Big 5 Sporting Goods alerts:
Why Big 5 Sporting Goods Corporation (BGFV) Could Shock the Market Soon (zacks.com) Big 5 Sporting Goods (BGFV) Cut to Sell at ValuEngine (americanbankingnews.com) It’s Time To Sell Big 5 Sporting Goods (seekingalpha.com) Big 5 Sporting Goods Corp Stock [FallsFell] as Big Money Exit, Sentiment at 0.82 (thecasualsmart.com) A Look at Some Alternative Metrics For Big 5 Sporting Goods Corporation (NasdaqGS:BGFV) (derbynewsjournal.com)
Several analysts have weighed in on BGFV shares. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. ValuEngine raised shares of Big 5 Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.08.
- [By Paul Ausick]
Those competitors would Walmart Inc. (NYSE: WMT), Dick’s Sporting Goods Inc. (NYSE: DKS) and Kroger Co. (NYSE: KR), owner of Fred Meyer stores, that have stopped selling assault-style weapons or making sales to people under 21 years of age. Stores that continue to sell all kinds of guns include Big 5 Sporting Goods Corp. (NASDAQ: BGFV) and Cabela’s, a sporting goods store that was acquired last year by privately held Bass Pro Shops.
Hot Casino Stocks For 2019: QuickLogic Corporation(QUIK)
- [By Paul Ausick]
QuickLogic Corp. (NASDAQ: QUIK) traded down about 33% Thursday and posted a new 52-week low of $1.05 after closing Wednesday at $1.56. The stock’s 52-week high is $2.22. Volume totaled around 4.8 million, about 30 times the daily average of around 180,000. The company priced a secondary offering of 13.5 million units including 0.4 of a warrant at $1.15 per unit.