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BofA: Key Takeaways From DraftKings, Penn National, Hilton At Gaming And Lodging Conference

The 11th annual Gaming & Lodging Conference from Bank of America hosted ten companies. A look at the highlights from DraftKings Inc (NASDAQ: DKNG), Penn National Gaming (NASDAQ: PENN), and Hilton Worldwide Holdings Inc (NYSE: HLT).Bank of America analyst Sarah C. Kelley shared takeaways from the conference on three companies.DraftKings: The resumption of the major sports has been a big catalyst for DraftKings. Kelley notes DraftKings comments had a “very strong opening weekend with the NFL season.”DraftKings also noted how newer markets are strong and New Jersey is seeing huge strength.”Management still thinks this fall will present unique customer acquisition …read more […]

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Opendoor IPO: Stock Listing Via Chamath Palihapitiya’s SPAC

An Opendoor IPO is coming. Announced Tuesday, the leading online real estate buyer is going public via acquisition. It will bring Opendoor stock to the market in a direct listing.
But is Opendoor a good investment opportunity? Here’s what we know…
Opendoor IPO: The Business

Founded in 2014, Opendoor is an iBuyer, and it was the first of its kind. iBuyers are real estate companies that buy and sell through technology. Similar companies include Zillow, Offerpad and Redfin. The goal of these companies is to make the real estate market easier to navigate.
Founder and CEO Eric Wu said:
“We founded Opendoor to make it …read more […]

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Goldman Says Options Market Pushing Election Risk to December

(Bloomberg) — Option traders are tempering bets that volatility will spike in the stock market immediately after the U.S. election. Instead, they’re boosting wagers that price swings will stay elevated at least one month after the vote, according to strategists at Goldman Sachs Group Inc.Options on the S&P 500 pointed to a 2.8% move on Nov. 4, the day after the presidential vote, down from an implied 3.2% swing seen in August, according to the bank’s analysis. What’s also shifting is the curve in futures tied to the CBOE Volatility Index. Specifically, VIX’s November contracts, which refer to volatility during …read more […]