Diamonds and Dogs

10/2/24

Caesar Entertainment (CZR) is up 7% after announcing a $500 million share buyback. The casino stocks with exposure to China have been performing well as China looks to restimulate the Asian economy. Rival, FanDuel put out projects on North America gambling saying the online market could be worth $70 billion by 2030 with a total addressable market to reach $368 billion by 2030.

Conagra Brands (CAG) taking a hit as consumer pull back. The owner Duncan Hines cake and Slim Jims is down 8% as weak demand caused sales to slide. Grocery & Snacks segment decreased 1.7%, the Refrigerated & Frozen segment decreased by 5.7% and the Foodservice segment decreased by 7.8%. The company is paying out their dividend at the end of November.

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