Laxmikant Maitri/iStock via Getty Images Bally’s Corporation (NYSE:BALY) today announced a refreshed site plan for its permanent casino site in Chicago. The new plan features a planned 500-room, 34-story hotel tower in a single-phase construction project at the 30-acre former Tribune Publishing site, pending approval of the Chicago Department ofContinue Reading
primeimages/E+ via Getty Images Narrow market breadth is in view as the S&P 500 (SP500)(SPY) continues to score record highs in 2024. The large-cap index on Tuesday marked its 36th record closing high for the year by edging up ~0.1% to 5,576.98. The index has bulked up +17% YTD, andContinue Reading
Sundry Photography/iStock Editorial via Getty Images Western Digital Corporation (NASDAQ:WDC) was added to Wells Fargo’s Q3 2024 Tactical Ideas list on Monday as the data storage company prepares to separate its HDD and Flash businesses into two publicly traded businesses. “WD is on track toward the separation of the FlashContinue Reading
phongphan5922 Roth MKM has spotted two exchange-traded funds – the iShares Biotechnology ETF (IBB) and the iShares Expanded Tech-Software Sector ETF (IGV) – that appear ripe for upside moves, while outpointing another fund at risk of heading lower. The investment bank outlined its observations in a technical strategy note SundayContinue Reading
Wall Street’s major market averages observed limited moves on Monday as investors and traders kick off the start to the second half of the 2024 trading year. The blue-chip Dow (DJI) was near even, the benchmark S&P 500 (SP500) was flat, and the tech focused Nasdaq Composite (COMP:IND) was +0.3%.Continue Reading
Feline Lim/Getty Images News Apple’s (NASDAQ:AAPL) artificial intelligence initiatives are likely to lead to increased growth in its all important services segment, Bank of America said on Wednesday. “Apple Intelligence will drive improved Services growth Apple’s recent announcement to integrate AI into its operating systems and give third party developersContinue Reading
welcomia/iStock via Getty Images MGM Resorts International (NYSE:MGM) is being sized up after the company’s LeoVegas Group subsidiary signed a deal to acquire the product and technology platform constituting the U.S. sportsbook and online casino of Tipico Group for an undisclosed sum. Notably, the partnership is expected to offer liveContinue Reading
U.S. stocks on Friday made small moves, amid expected volatility and uncertainty ahead of a major options expiration event. Still, Wall Street was on track for a three-week win streak. It is “triple witching” day – when stock options, stock index futures and stock index options will all expire together.Continue Reading
