Even with the indexes at all-time highs, The Udall Report's publisher Sean Udall still has a few issues on his “buy” radar. The tech stock strategist shared the fundamental reasons for the two issues and detailed his game plan moving forward on Friday's PreMarket Plus show.
Shares of Penn National Gaming Inc (NASDAQ: PENN) fell 21% on Thursday following the company's earnings miss, as well as a negative story about Barstool Sports founder Dave Portnoy.
Draftkings Inc. (NASDAQ: DKNG) shares are trading lower Thursday, likely in sympathy with Penn National Gaming, Inc (NASDAQ: PENN) as the stock reported its third-quarter earnings results.
On most occasions, when an issue is in a prolonged retreat and misses on earnings, it is going to get slammed. The above scenario applies to Penn National Gaming (NASDAQ: PENN), which is the PreMarket Prep Stock of the Day.