Nike, Boston Beer, Disney and more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike – Shares of Nike fell more than 5% even after the sportswear company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. The company said it anticipates flat to … Read more

Casino stocks take a hit as inflation rocks economy

Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike. Caesars Entertainment stock has plummeted 50% so far this quarter. Bally’s has dropped 40% over the same time period, and Penn National Gaming and MGM Resorts shares … Read more

David Tepper added to three major tech stocks while selling GM and retail names

The hedge fund of billionaire David Tepper had an active first quarter, exiting positions in several major companies while doubling down on a few tech names. Securities filings released Monday showed that Tepper’s Appaloosa Management was largely a seller of equities during the first quarter, with two exceptions among his top holdings. The hedge fund … Read more

Tellurian, Wynn Resorts, Snap, Walgreens and more

Water from a fountain sprays into the air in front of signage for the Wynn Macau casino resort. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday: Tellurian – The liquified natural gas company (LNG) surged 19.4% after Credit Suisse upgraded Tellurian to outperform, saying LNG … Read more