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Penn National Cashes in on Barstool Euphoria With Share Sale

(Bloomberg) — Penn National Gaming Inc. is taking advantage of its nearly three-fold surge this year, helped by its minority interest in Barstool Sports, to sell 14 million shares of its stock.The offering, underwritten by Goldman Sachs, BofA Securities and JPMorgan, will start trading on Friday, according to a person familiar with the matter. The timing means there will be no price range governing the share sale. The offering, announced early Thursday, represents 11% of the company’s public float as of Aug. 31, according to data compiled by Bloomberg.Penn’s shares traded to a record high Tuesday after analysts at Morgan …read more […]

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The 5 Best Stock Trading Simulators: Ranked

The internet has made it easier than ever to be an investor. There are pros and cons to this. The upside is that a record number of people have access to the markets. The downside is that a whole lot of people have no idea what they’re doing. And that can be costly… when they’re playing with real money.
This is where stock trading simulators can be beneficial. It’s the perfect way to test a trading strategy before finding out it doesn’t work and losing your shirt.

The stock market is inarguably one of the greatest wealth-creating machines humanity has ever seen. …read more […]

Newsmakers

NFL Alumni Academy and ImagineAR (OTC: IPNFF) Sign 5 Year Partnership Agreement

Partnership Kick-off for NFL Alumni Academy Activation in Canton, Ohio VANCOUVER, BC and ERIE, PA, Sept. 24, 2020  – ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (“ImagineAR” or “Company”) a Mobile Augmented Reality Company that enables sports teams, businesses, retailers and organizations to instantly create […]

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Is Plug Power Stock a Buy Right Now? This Is What You Need to Know

The domino effect applies to Wall street, too. Shares of Plug Power (PLUG) trended down on Wednesday along with its brethren in the renewable energy segment, seemingly after Tesla’s Battery Day failed to deliver the goods. Nevertheless, it is a minor setback in what has been a breakout year for the fuel cell pioneer. Shares are up by a magnificent 286% so far, driven by outstanding earnings beats and investors’ insatiable hunger for alternative energy stocks.However, the drop just goes to show how correlated stock market moves can be. As in tandem with the tilt to the downside, the company …read more […]

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Buried Treasure Doesn’t Stand a Chance Against the Fed

We dug up an old penny last night.
A post needed to go in the ground, so we picked up a shovel and broke through the sod.
After just a few scoops of our farm’s fine and, right now, very dry topsoil, we noticed something out of place. It wasn’t shiny, but it wasn’t dull like a rock.
We bent over, rubbed it between our fingers and gave it a close look.
It was a penny, dated 1944.
Buried Treasure
It turns out another man had worked this patch of land so many years ago. And he left an accidental deposit that serves as a fine …read more […]