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Why Caesars Entertainment Shares Plunged 10.8% in the First Six Months of 2020

Shares of Caesars Entertainment (NASDAQ: CZR) fell 10.8% in the first half of 2020, according to data provided by S&P Global Market Intelligence, as the casino industry was thrown into turmoil. What saved Caesars' stock was the company's agreement to be bought out by Eldorado Resorts (NASDAQ: ERI). Caesars shareholders are to get $8.40 per share in cash and 0.0899 shares of Eldorado stock.

Altria Recognized for Environmental Leadership

Altria Group, Inc. ("Altria") (NYSE:MO) today announced that its greenhouse gas emissions reduction targets have been approved for the first time by the Science Based Targets initiative (SBTi). The Scope 1 and 2 target covering greenhouse gas emissions from Altria’s operations is consistent with reductions required to keep warming to 1.5°C, a goal that the latest climate science says is needed to prevent the most damaging effects of climate change. The Scope 3 target meets the criteria for ambitious value chain goals and current best practice.

Why General Electric Stock Slumped Almost 40% in the First Half of 2020

Shares of battered industrial conglomerate General Electric (NYSE: GE) tumbled 38.8% in the first six months of 2020, according to data provided by S&P Global Market Intelligence. Poorly timed investments in consumer credit and oilfield services conspired with the disastrous acquisition of Alstom Power to tank the company's finances. In March, CEO Larry Culp also managed to score a win by closing the sale of the company's biopharma unit to his former company Danaher in a $21.4 billion deal.

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  Why Las Vegas Sands' Shares Have Dropped 34% in the First Half of 2020

  Motley Fool
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  Here's Why Repligen Rose 33.6% in the First Half of 2020

  Motley Fool

USD/CAD Daily Forecast – U.S. Dollar Gains Ground As Virus Worries Return

USD/CAD failed to settle below the support at 1.3500 and rebounded closer to the resistance at the 20 EMA at 1.3590.

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  Weekly jobless claims near four-month low; millions drawing unemployment benefits

  Reuters
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  Gold Pulls Back from Record Highs, as U.S Jobless Claims Falls

  FX Empire

Why Farfetch Popped 10% on Thursday

Shares of Farfetch (NYSE: FTCH), a global e-commerce marketplace for the luxury fashion industry, jumped by as much as 12.8% Thursday morning after yet another analyst upgrade drove investor optimism about the company's near-term business. China Renaissance analyst Ella Ji upgraded Farfetch from hold to buy and boosted the firm's price target on the stock to $33 -- suggesting significant upside to its current price of roughly $21 per share. It was the second major upgrade for Farfetch this month after Deutsche Bank analyst Lloyd Walmsley raised his institution's target price from $17 to $23, asserting that it is "increasingly clear how the company will emerge stronger from the COVID-related disruptions."

Bristol Myers (BMY) Moves to Strong Buy: Rationale Behind the Upgrade

Bristol Myers (BMY) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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  Will Chipotle (CMG) Gain on Rising Earnings Estimates?

  Zacks
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  US Manufacturing Index Revs Up in June: Here's What It Means

  Zacks

BP pays India's Reliance $1 billion to set up petrol station venture

BP has paid Reliance Industries $1 billion (792 million pounds) to set up a joint network of thousands of petrol stations across India to tap the country's rapidly growing energy demand. BP will hold 49% and Reliance the remaining 51% in the new company called Jio-bp, which will expand Reliance's current 1,400 retail sites up to 5,500 over the next five years, the pair said in a statement on Thursday after announcing the venture last August. The plan comes as billionaire Mukesh Ambani, the owner of Reliance, which operates the world's biggest refining complex in Jamnagar, is currently in talks with oil group Saudi Arabia's Aramco to sell a 20% stake in the oil to chemical conglomerate.

Ciena Supports Vodafone NZ to Offer Premium Digital Services

Ciena's (CIEN) cutting-edge 800G coherent optics enables Vodafone New Zealand to provide citizens with access to the world's finest digital services.

Royal Dutch Shell vs. BP: Which is a Better Energy Stock?

BP is more vulnerable to the energy market downturn since its balance sheet is way weaker than Royal Dutch Shell (RDS.A).

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  BP Invests $1B In Fuels Joint Venture With Reliance In India

  SmarterAnalyst
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  Here's Why BP Intends to Invest in India's Green Energy Fund

  Zacks

The Zacks Analyst Blog Highlights: Canadian Solar, Office Depot and Teva Pharmaceutical Industries

The Zacks Analyst Blog Highlights: Canadian Solar, Office Depot and Teva Pharmaceutical Industries

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  Is Sun Life Financial (SLF) a Good Stock for Value Investors?

  Zacks
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  Can Value Investors Pick Old Republic (ORI) Stock Right Now?

  Zacks

The Zacks Analyst Blog Highlights: Kroger, United Natural Foods, Sprouts Farmers Market, Pilgrim's Pride and Office Depot

The Zacks Analyst Blog Highlights: Kroger, United Natural Foods, Sprouts Farmers Market, Pilgrim's Pride and Office Depot

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  Box (BOX) Dips More Than Broader Markets: What You Should Know

  Zacks
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  Berkshire Hathaway Inc. (BRK.B) Dips More Than Broader Markets: What You Should Know

  Zacks

Bristol-Myers Squibb Company's (NYSE:BMY) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Bristol-Myers Squibb (NYSE:BMY) has had a rough month with its share price down 3.0%. However, stock prices are...

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  Will Weakness in Alamo Group Inc.'s (NYSE:ALG) Stock Prove Temporary Given Strong Fundamentals?

  Simply Wall St.
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  Acadian Timber Corp.'s (TSE:ADN) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?

  Simply Wall St.

Implied Volatility Surging for U.S. Steel (X) Stock Options

Investors need to pay close attention to U.S. Steel (X) stock based on the movements in the options market lately.

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  Bitcoin Option Traders Bet on Bullish Move Following Volatility Squeeze

  CoinDesk
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  Do Options Traders Know Something About Endeavour Silver (EXK) Stock We Don't?

  Zacks

Eldorado Resorts and Caesars Entertainment Announce Election Deadline for Caesars Stockholders to Elect Merger Consideration

Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") and Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars" or "Caesars Entertainment") today announced that, in connection with the previously announced merger (the "Merger") of Caesars with a subsidiary of Eldorado, the deadline for Caesars stockholders to elect the form of merger consideration they wish to receive in the transaction has been set for 5:00 p.m., New York time, July 16, 2020 (the "Election Deadline"). The completion of the transaction remains subject to the satisfaction or waiver of certain closing conditions contained in the parties’ Agreement and Plan of Merger, dated as of June 24, 2019 (as amended on August 15, 2019, the "Merger Agreement"). The Election Deadline may be changed or extended in the event the anticipated closing date is delayed to a subsequent date, in which case Eldorado will promptly announce any such delay and, when determined, the rescheduled Election Deadline.

3 Streaming Media Stocks That Turned $10,000 into $1,000,000

Netflix, Sirius XM, and Amazon are all 100-baggers for patient investors who nailed the opportunity.

Spotify Missed Out on Another Podcasting Acquisition

After Spotify's (NYSE: SPOT) recent string of podcasting deals, it's kind of weird to see a podcast acquisition where Spotify isn't involved. E.W. Scripps (NASDAQ: SSP) has been shopping around its Stitcher podcast platform for a couple of weeks, and it looks like it found a buyer in SiriusXM (NASDAQ: SIRI). At the time of the acquisition, Spotify CEO Daniel Ek exclaimed: "We bought the next ESPN."

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  Bernstein Says the Spotify-Netflix Analogy Is Wrong

  Motley Fool
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  Spotify Set to Launch in Russia

  Variety

Speedy removal of Huawei would cost UK, operators - Vodafone and BT

Britain's rebound from COVID-19 could be harmed if the government demands a speedy removal of telecoms equipment made by China's Huawei from mobile networks, Vodafone and BT warned on Thursday. The world's second-biggest operator, Vodafone, said it would cost "single figure billions" of pounds to remove the equipment. BT has put the cost of complying with an existing requirement to lower Huawei usage at 500 million pounds ($633 million).

Speedy removal of Huawei would cost UK, operators: Vodafone and BT

Britain's rebound from COVID-19 could be harmed if the government demands a speedy removal of telecoms equipment made by China's Huawei from mobile networks, Vodafone and BT warned on Thursday. The world's second-biggest operator, Vodafone, said it would cost "single figure billions" of pounds to remove the equipment. BT has put the cost of complying with an existing requirement to lower Huawei usage at 500 million pounds ($633 million).

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  Vodafone, BT: we need years to drop Huawei gear

  Reuters Videos
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  Phones could stop working for 'days' if rapid Huawei ban goes ahead, networks warn

  The Independent

Brexit, COVID-19, and U.S Weekly Jobless Claims in the Spotlight

It’s a relatively quiet day on the economic calendar. Expect the weekly jobless claims from the U.S, Brexit, and COVID-19 to draw attention.

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  Weekly jobless claims near four-month low; millions drawing unemployment benefits

  Reuters
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  Jobless Claims Continue to Melt Away

  Zacks

Eldorado Resorts Wins Crucial Approvals For Caesars Entertainment Acquisition

Eldorado Resorts (NASDAQ: ERI) is now much closer to merging with its peer Caesars Entertainment (NASDAQ: CZR) following the approval of two related Nevada regulators. On Wednesday, the state's Gaming Control Board and its Gaming Commission granted approval for the merger, which will see Eldorado effectively acquire Caesars in a deal originally valued at around $17.3 billion, including debt assumption. Eldorado and Caesars agreed that the former company would pay a total of $12.75 per Caesars share in a mix of cash and Eldorado common stock.

Eldorado Resorts Secures Approval From Nevada Gaming Control Board and Nevada Gaming Commission in Connection With Its Pending Acquisition of Caesars Entertainment

Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced that at a meeting today, the Company received approval from the Nevada Gaming Control Board and the Nevada Gaming Commission in connection with its pending acquisition of Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars"), subject to customary conditions.

Slack co-founder: We will be more aggressive with acquisitions

Yahoo Finance catches up quickly with Slack co-founder Stewart Butterfield in the wake of the company announcing its sixth-ever acquisition.

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  Why Slack Stock Jumped Today

  Motley Fool
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  Stock Markets Rebound Wednesday as Slack, Zoom Vie for Workplace Collaboration Supremacy

  Motley Fool

Bally's Las Vegas to Reopen July 23

Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars", "Caesars Entertainment" or the "Company") today announced plans to resume operations at Bally's Las Vegas on Thursday, July 23 at 10 a.m. Pacific Time, following successful reopenings of Caesars Palace Las Vegas, Flamingo Las Vegas, Harrah's Las Vegas and Paris Las Vegas. As previously announced, the Company has also reopened the gaming floor and other amenities at The LINQ Hotel + Experience, as well as The LINQ Promenade, High Roller Observation Wheel, FLY LINQ and Eiffel Tower Viewing Deck.

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  Eldorado Resorts and Caesars Entertainment Announce Election Deadline for Caesars Stockholders to Elect Merger Consideration

  Business Wire
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  Nevada regulators OK company buying Caesars Entertainment

  Associated Press