Meta Platforms (META) – Shares were up 20% Thursday morning following better-than-expected quarterly sales and first-quarter guidance which was inline 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.
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.