Straight from Benzinga newsdesk, host Brent Slava brings you the market news and stocks to watch.

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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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$META $DKNG $MTCH, $PENN $GNS

• Meta Platforms (META) -
• Shares were up 20% Thursday morning following better-than-expected quarterly sales and first-quarter guidance which was in line with analysts' estimates. Analysts at Morgan Stanley were impressed with "...a change in culture as the META management team talked extensively about being a structurally more efficient company."
• DraftKings (DKNG) -
• Analysts at Oppenheimer made a bullish call on DraftKings as the stock moved over its 200-day moving average for the first time since September 2021. The analysts see potential upside to a resistance level at $21.
• Match Group (MTCH) -
• The stock fell 5% on Wednesday amid an earnings and sales miss from Match. The company gave first-quarter guidance which was weaker than expected. Tune into Benzinga's Stocks To Watch podcast on Benzinga's Twitter after market open or on Spotify or Apple after 10 a.m. EST to hear how sell-side analysts interpreted the company's results.
• Penn National Gaming (PENN) -
• A play on online sports betting. Shares were down 4% Thursday morning following mixed quarterly results and inline guidance. Following the earnings report, analysts at Needham commented on Penn: "Through its acquisition of Barstool PENN has a differentiated content-driven customer-acquisition strategy..."
• Genius Group (GNS) -
• Shares were potentially being squeezed higher Thursday morning, up about 40%, following news the company approved a $10 per share blockchain-based digital discount coupon as part of prevention measures aimed at illegal trading in its stock.

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

 

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