Penn National Gaming ($PENN) – Dave Portnoy was having a great time watching $PENN shoot up yesterday, so expect his tweets to be even more unbearable for some time. The gaming firm announced the acquisition of Canadian sports gambling operator, Score, for $1.7bn, adding to the firm's slate of good ol' degeneracy. The acquisition expands the firm's international breadth while bringing in much needed technology for the digital era of gambling. Unfortunately what it doesn't do, is help you regain all the money you've lost on the Olympics (so far). Shares were up 9.0% as a result.
ViacomCBS ($VIAC) – In case you thought Cable TV was dead, ViacomCBS is here to prove you wrong...and right...kinda. The owner of channels like CBS and MTV and newly released streaming services PlutoTV and Paramount+, reported a not-so-bad quarter. Revenue beat expectations while EPS came just short. Paramount+ hit 42 million subscribers after adding 6 million this quarter and announced a release in Europe through Comcast-owned Sky. Yesterday's 7.1% gain shows a lot of optimism, but as the streaming wars rage on, keep your eyes peeled for casualties.
UBER ($UBER) – Breaking news: Uber is still really, really good at setting money on fire, as they lost a lot more than expected this quarter. Given the firm is 12 years old and still makes no money, it's really not cute anymore, but shares still managed to surge 3.0% yesterday. The Bezos-esque "do it all" approach seems to be generating more excitement than the pain coming from lost dollars. Despite a decreasing number of drivers largely driving outsized losses, price targets increased, hovering in the mid-70's.