Please note that we are adding PENN (Penn National Gaming) to Investing Ideas today. Below is a brief note from CEO Keith McCullough. Our Gaming, Lodging & Leisure team will provide an additional update in this weekend's edition.
In the spirit (read: #process) of buying on red days (and selling on green ones), I'm scanning my inventory of names our analysts like on the long side that are:
A) down more than the market and
B) down on light post long-weekend volume.
Penn Gaming is at the top of that list. Our analyst Todd Jordan is very constructive on the stock ahead of their new casino in Massachusetts.