Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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STOCKS TO WATCH:  $AAPL $AMC $WAL $KMX $PENN

Apple (AAPL) - Shares were up about 2% following better-than-expected quarterly results from Apple and news of a raised quarterly dividend and $90 billion buyback plan. To hear how analysts responded to Apple's results, tune into Benzinga's Stocks To Watch podcast around market open on Benzinga's Twitter.

 

AMC Entertainment (AMC) - The stock was up 4% amid a quarterly beat reported by AMC.

 

Western Alliance Bancorp (WAL) - Shares of Western Alliance, Comerica (CMA) and Zions Bancorp (ZION) were upgraded to the equivalent of a buy recommendation by analysts at JP Morgan. The analysts said "with too many on one side of the boat, we move to the middle."

 

CarMax (KMX) - A sympathy play following strong results out of peer in the used car space, Carvana (CVNA). While Carvana shares were up about 40% on the news, CarMax shares were down about 3% in Friday's pre-market session.

 

PENN Entertainment (PENN) - A sympathy play following good results out of peer in the sports betting space, DraftKings (DKNG). DraftKings shares were up about 14% while PENN shares were up about 3%.

Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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