Hexo Corp. (NASDAQ: HEXO) reported a 29% year-over-year and 16% sequential decrease in net revenue to CA$ 35.8 million ($26.3 million) in the first quarter of fiscal 2023.
The Invesco KBW Bank ETF (NASDAQ: KBWB) is down 27.8% year-to-date in 2022 as investors grow increasingly concerned the Federal Reserve will be unable to navigate a soft landing for the U.S. economy, and short sellers have made a killing on bank stocks.
J.P. Morgan analyst Joseph Greff provides insight on the outlook for gaming and lodging stocks/companies in the fiscal year 2023.
The analyst sees more compelling value and better risk-rewards in gaming versus lodging, given better values and differing sets of investors’ expectations for fundamentals.