Ballys (NYSE:BALY) Stock, Quote.Headers.trade-ideas

Ballys

Ballys Corp is a casino entertainment company with a growing omni-channel presence. It currently owns and manages 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, formerly Gamesys Group, a online gaming operator, Bally Bet, a sports betting platform, and Bally Casino, a iCasino platform. The Company's casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms.

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After spiking in the first quarter of 2024, inflation has been weakening from April. In fact, per the June data, the annual rate of inflation dropped to its lowest level in more than two years, raising hopes of a rate cut in September. This bodes well as low interest rates improve consumer outlays, decrease the cost of borrowings and, in turn, boost economic growth.

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IBM Posts Upbeat Earnings, Joins ServiceNow, Helmerich &amp; Payne, RTX, Nasdaq And Other Big Stocks Moving Higher On Thursday

Ballys Corp

Balyo SA

<ul>
<li>Company outlines its second brand, Faraday X (FX), and its launch plan for the first batch of planned products, innovative ways in creating AIEV (Artificial Intelligence Electric Vehicle) products with &quot;twice the performance at half the price&quot; for users, and its aspiration to become the Toyota of the AIEV era.</li>
<li>The first new FX models, which we refer to as the FX 5 (expected price range of&nbsp;$20,000-$30,000) and FX 6 (expected price range of&nbsp;$30,000-$50,000), are expected to offer two types of powertrains: range-extended AIEV and battery-electric AIEV, and will target start of production by the end of 2025, subject to securing necessary funding.</li>
<li>The Company has established relationships with four Chinese OEMs, having already entered into two strategic framework agreements and two memoranda of understanding, and is working toward finalizing definitive agreements with each.</li>
<li>The Company will focus on five key initiatives: Open-Source and Open-Platform, User-Definition, Co-creation and Sharing; Creating the new category: RE-AIEV; Global Auto Industry Bridge Strategy; Leveraging FF&#39;s Legacy to Empower FX; and the Light and Swift, Premium Quality. With this approach, we&#39;re inviting our users to participate throughout the entire lifecycle of FX products.</li>
<li>The Company&#39;s recent &quot;Everyone&#39;s AIEV, You Decide&quot; survey suggests there is high demand for high-performance, intelligent, cost-effective B-AIEV and RE-AIEV products for the U.S. market, which presents a historic opportunity for the U.S. AIEV industry.</li>
</ul>

FFIE

Faraday Future Launches Second Brand, Faraday X (FX), With Plans For Affordable AIEV Models Priced Between $20K And $50K, Supported By Strategic Agreements With Four OEMs

Brazil's Supreme Court has fined Elon Musk&#8216;s social media platform nearly $1 million <a href="https://www.benzinga.com/news/24/09/40932378/elon-musks-x-manages-to-dodge-brazil-ban-with-software-update-court-wants-an-explanation">daily for allowing access to X, despite a ban</a>.
What Happened: The court accused Musk of switching X's network provider to partially restore access. This maneuver was seen as an attempt to bypass the ban imposed three weeks ago, <a href="https://www.wsj.com/world/americas/brazil-fines-musk-for-skirting-x-ban-945813ed">reported</a> The Wall Street Journal. 
In his latest ruling on Thursday, Justice Alexander de Moraes ordered X to immediately block user access to the platform in Brazil due to the network switch, or face a daily fine of approximately $921,000. The Brazilian judge described the crackdown on X as part of broader efforts to &#8220;clean up the internet.&#8221;
X stated it had no intention of evading the ban. The company claimed it was forced to switch providers after shutting down its Brazilian operations, which inadvertently restored service temporarily. However, de Moraes cited Musk's cryptic <a href="https://x.com/elonmusk/status/1836289127907758312">post</a> on X as a "confession" of deliberate circumvention.
De Moraes initially banned X on Aug. 30 for failing to block accounts spreading misinformation and hate speech. He emphasized the crackdown as part of efforts to "clean up the internet" and protect democracy, following violent attacks on Brazil's capital last year.
Brazil's telecom regulator, Anatel, accused Musk of intentionally defying the court order. They are working with Cloudflare to find a solution to enforce the ban without disrupting other services, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40897703/former-tesla-exec-says-elon-musks-endorsement-of-trump-might-not-sway-upcoming-presidential-election?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Tesla Exec Says Elon Musk&#8217;s Endorsement Of Trump Might Not Sway Upcoming Presidential Elections: &#8216;Last Time Around He Endorsed Andrew Yang&#8217;</a>
Why It Matters: The conflict between Musk and Brazil&#8217;s government has broader implications. On Thursday, the Brazilian Association of Internet and Telecommunications Providers reported that <a href="https://www.benzinga.com/news/24/09/40932378/elon-musks-x-manages-to-dodge-brazil-ban-with-software-update-court-wants-an-explanation">X managed to dodge the ban</a> using an automatic software update, complicating efforts to block the platform. This maneuver has raised questions about the effectiveness of Brazil&#8217;s regulatory measures.
Earlier in the month, FCC Commissioner Brendan Carr <a href="https://www.benzinga.com/news/24/09/40748476/fcc-chief-defends-elon-musks-x-and-starlink-amid-brazils-punitive-actions-warns-business-leaders-are">criticized Brazil&#8217;s actions</a>, warning that such punitive measures could make Brazil an &#8220;uninvestable market.&#8221; Carr&#8217;s comments reflect growing concerns among U.S. business leaders about the stability of Brazil&#8217;s regulatory environment.
The situation has also affected Musk&#8217;s other ventures. On Sept. 5, SpaceX <a href="https://www.benzinga.com/news/24/09/40723859/spacex-reportedly-evacuates-employees-from-brazil-halts-travel-amid-elon-musks-legal-battle-with-sup">evacuated employees from Brazil </a>and halted travel to the country amid the legal battle. This move underscores the broader impact of the dispute on Musk&#8217;s business operations.
Moreover, experts warned that the standoff could affect other Musk ventures like SpaceX and Tesla Inc. Tim Higgins noted that the ban on X could <a href="https://www.benzinga.com/news/24/09/40709109/elon-musks-brazil-standoff-for-x-could-impact-tesla-spacex-and-other-ventures-warns-expert">jeopardize Musk&#8217;s business opportunities in Brazil</a>, particularly in rural areas where his ventures have been successful.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40893054/mark-cuban-says-he-would-buy-rupert-murdochs-fox-news-and-elon-musks-x-but-there-are-some-obstacles?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says He Would Buy Rupert Murdoch&#8217;s Fox News And Elon Musk&#8217;s X But There Are Some Obstacles: &#8216;If I Had Enough… I&#8217;d Buy It In A Heartbeat&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Global

Elon Musk's X Fined $1M A Day By Brazil's Supreme Court For Defying Ban On Platform: Judge Says Part Of Effort To 'Clean Up The Internet'

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index and S&amp;P 500 hitting fresh record highs during the session. The US Federal Reserve, on Wednesday, slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%.
On the economic data front, the U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap. U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.
Tech stocks rallied, with shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) gaining around 4% and 6%, respectively. Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares added 2.2% during the session. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also surged, closing the day with gains of 7.4%.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and information technology stocks recording the biggest gains on Thursday. However, consumer staples and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 522 points to 42,025.19 on Thursday. The S&amp;P 500 surged 1.70% to 5,713.64, while the Nasdaq Composite climbed 2.51% at 18,013.98 during Thursday's session.
Investors are awaiting earnings results from VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.7, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 60.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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</ul>

Pre-Market Outlook

NVDA

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Nvidia, Tesla Rally As Dow, S&P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In 'Greed' Zone

General Motors' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) autonomous driving unit Cruise said on Thursday that it is eyeing resuming operations of its robotaxis in California which was paused after the involvement of one of its driverless vehicles in a <a href="https://www.benzinga.com/markets/equities/23/12/36246017/future-of-gm-autonomous-vehicle-maker-cruise-in-peril-after-900-job-cuts">pedestrian accident</a> late last year.
What Happened: The company said that it will deploy several manual mapping vehicles in Sunnyvale and Mountain View starting Thursday. The company intends to start supervised robotaxi testing in the state later this fall with up to five autonomous vehicles, it added.
&#8220;Resuming testing in the Bay Area is an important step forward as we continue to work closely with California regulators and local stakeholders. This will allow our local employees to engage directly with our product as they refine and improve our tech through R&amp;D,&#8221; the company said in a post on social media platform X, formerly Twitter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starting today we will deploy several manual mapping vehicles in Sunnyvale and Mountain View with the intent to progress to supervised testing with up to 5 AVs later this fall. Resuming testing in the Bay Area is an important step forward as we continue to work closely with… <a href="https://t.co/OlDkv74r34">pic.twitter.com/OlDkv74r34</a>
&mdash; cruise (@Cruise) <a href="https://twitter.com/Cruise/status/1836812363963486286?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
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Why It Matters: Cruise suspended all of its operations in the U.S. late last year following the involvement of one of its robotaxis in an accident in San Francisco, leading to heightened regulatory scrutiny and the <a href="https://www.benzinga.com/news/24/05/38606510/us-is-currently-sc-ed-ex-cruise-ceo-calls-for-manufacturing-makeover-to-win-over-chinese-auto-rivals" target="_blank" rel="noreferrer noopener">exit of its co-founder </a>and then CEO Kyle Vogt.
The company&nbsp;<a href="https://www.benzinga.com/news/24/04/38155753/cruise-back-on-phoenix-roads-soon-gms-self-driving-unit-reportedly-gears-up-to-resume-robotaxi-testi" target="_blank" rel="noreferrer noopener">resumed manual driving in the city of Phoenix</a>&nbsp;to gather road information earlier this year in April and in Houston and Dallas, Texas in June.
For the first half of 2024, Cruise accrued an operating loss of $1.65 billion, 28% higher than the loss of $1.29 billion recorded in the corresponding period of last year. GM also spent $583 million on restructuring Cruise in the period.
Last month, Cruise issued a <a href="https://www.benzinga.com/news/24/08/40502871/gms-autonomous-driving-unit-cruise-recalls-all-u-s-vehicles-over-concerns-of-unexpected-braking-auto">recall for the entirety of its U.S. fleet</a> over concerns that they may brake unexpectedly. The company updated software in all of its vehicles on the road to fix the issue. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/news/24/09/40934031/teamsters-opts-to-not-endorse-either-harris-or-trump-for-upcoming-presidential-elections-citing-fail" target="_blank" rel="noreferrer noopener">Teamsters Opts To Not Endorse Either Harris Or Trump For Upcoming Presidential Elections, Citing Failure To Secure Pledges Of Non-Interference In Union Campaigns</a></li>
</ul>
Photo via Shutterstock

Tech

GM's Cruise Eyes Resuming Robotaxi Operations In California After Long Pause Due To Pedestrian Accident In 2023

The United States will continue to keep a mid-range missile system in the Philippines, the decision comes despite demands from <a href="https://www.benzinga.com/news/24/07/39710570/us-has-better-global-image-than-china-survey-reveals">China for its removal</a>.
What Happened: The Typhon missile system, capable of launching missiles that can reach Chinese targets, was initially deployed for joint exercises earlier this year. However, it has remained in place, reported Reuters on Friday, citing sources familiar with the situation.
The Philippines, located near Taiwan, is a crucial part of the U.S. strategy in Asia. The missile system&#8217;s presence is seen as vital for supporting Taiwan in the event of a Chinese attack.
China and Russia have criticized the deployment, accusing the U.S. of escalating an arms race. China&#8217;s foreign ministry expressed significant concern over the decision to keep the system in place, stating it threatens regional security.
Philippine officials confirmed ongoing training with the missile system on the northern island of Luzon, near the South China Sea and Taiwan Strait, according to the report. They indicated no immediate plans to withdraw the system, even though joint exercises conclude this month.
A senior Philippine government official noted that the U.S. and the Philippines are testing the system&#8217;s feasibility for potential conflict scenarios. 
&#8220;It is up to the higher headquarters to decide on its stay, and most importantly the United States Army Pacific&nbsp;(USARPAC) because they own this, it is not our capability,&#8221; Philippines army spokesman, Colonel Louie Dema-ala said according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past&#8217;</a>
Why It Matters: The decision to retain the missile system in the Philippines comes amid a series of escalating tensions between the U.S. and China. 
Recently, President Joe Biden&#8216;s administration launched an investigation into a significant rise in <a href="https://www.benzinga.com/news/24/09/40896792/us-probes-surge-in-chinese-uranium-imports-amid-fears-of-russian-ban-evasion">enriched uranium imports from China</a>, suspecting it as a potential loophole for Russia to bypass a U.S. import ban. 
Additionally, key congressional panels have warned that the U.S. is lagging behind China in war preparedness. Lawmakers have <a href="https://www.benzinga.com/news/24/09/40936105/us-lagging-behind-china-in-war-preparedness-congressional-panels-warn">criticized outdated Pentagon procedures</a> and emphasized the need for faster technology transfers to allies.
Tensions in the South China Sea have also been on the rise. In June, a collision between Chinese and Philippine vessels near the Spratly Islands led to accusations of <a href="https://www.benzinga.com/news/24/06/39351335/us-ally-slams-chinas-claims-of-vessel-collision-as-deceptive-and-misleading-amid-rising-south-china">deceptive information from Beijing</a>. The Philippine military has previously condemned China&#8217;s actions as illegal within their exclusive economic zone.
Furthermore, a survey by the Pew Research Center revealed that the U.S. enjoys a significantly <a href="https://www.benzinga.com/news/24/07/39710570/us-has-better-global-image-than-china-survey-reveals">better global image</a> than China in numerous high- and middle-income countries. This perception plays a crucial role in the ongoing geopolitical rivalry between the two nations.
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<li><a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Says She Is &#8216;Pleasantly Surprised&#8217; That JD Vance Thinks The &#8216;Economy Is Too Strong For The Rate Cut&#8217;</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

US Keeps Missiles Vital For Defence Of Taiwan In Philippines Despite Beijing's Demands For Removal: Report

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) reported <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">weaker-than-expected results</a> for the first quarter of fiscal 2025 and lowered its full-year guidance. The company reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst estimates of $4.80 per share. FedEx shares tumbled 11% to $267.25 in the after-hours trading session.</li>
<li>Wall Street expects VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) to report a quarterly loss at 21 cents per share on revenue of $460.09 million before the opening bell. VinFast Auto shares rose 0.2% to $3.9665 in after-hours trading.</li>
<li>Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) announced a public offering by a selling stockholder and a concurrent share repurchase. Chewy shares fell 0.8% to $30.85 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>MillerKnoll, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) reported downbeat <a href="https://www.benzinga.com/news/earnings/24/09/40949071/millerknoll-stock-dips-after-q1-results-heres-why">first-quarter financial results</a> on Thursday. The company also said it sees second-quarter earnings of between 51 cents and 57 cents per share, versus the estimate of 61 cents, and second-quarter revenue in a range of $950 million to $990 million, versus the $948.12 million estimate. MillerKnoll shares declined 5.3% to $26.02 in the after-hours trading session.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) <a href="https://www.benzinga.com/news/earnings/24/09/40948948/homebuilder-lennar-reports-better-than-expected-q3-results-details">reported</a> better-than-expected financial results for the third quarter. The company said it sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000. Lennar shares fell 2.4% to $187.75 in the after-hours trading session.</li>
</ul>
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Photo courtesy: Shutterstock

CHWY

MLKN

FedEx, Lennar And 3 Stocks To Watch Heading Into Friday

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder, Joe Lonsdale, has expressed his support for Tesla and SpaceX CEO Elon Musk&#8217;s <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">acquisition of</a> Twitter, now rebranded as X.
What Happened: On Thursday, while appearing on CNBC&#8217;s Squawk Box, Lonsdale was asked about Musk&#8217;s sentiments toward his $44 billion purchase of Twitter. 
Lonsdale responded positively, suggesting that Musk&#8217;s acquisition was a crucial step for the preservation of the West.
&#8220;If Elon hadn&#8217;t bought Twitter, if he hadn&#8217;t done this, the entire West would be at 10x the threat,&#8221; he said and went on to underscore the significance of free speech in maintaining our civilization.
See Also: <a href="https://www.benzinga.com/news/23/05/32623067/how-to-take-the-perfect-moon-shot-using-an-iphone-14?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Take The Perfect Moon Shot Using An iPhone 15</a>
When probed about the financial implications of the acquisition, Lonsdale acknowledged a decrease in revenue due to brands pulling their support.
However, he contended that this was a result of illegal coordination and attacks, which he deemed &#8220;probably illegal.&#8221;
he stated that while brands have the right to withdraw their support, behind-the-scenes coordination to damage a company is inappropriate.
Musk also shared the clip from this discussion on X and said, &#8220;Thanks Joe.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thanks Joe <a href="https://t.co/swbYEjVnGW">https://t.co/swbYEjVnGW</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836806074638434556?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
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Why It Matters: Musk&#8217;s acquisition of Twitter has been fraught with controversy. Just earlier this month, it was reported that X is expected to see a drastic <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">reduction in advertising expenditure</a> in 2025, following a 26% decline in marketers' ad spending on the platform.
Last month, it was reported that since Musk&#8217;s acquisition, <a href="https://www.benzinga.com/startups/24/08/40533138/as-twitters-revenue-collapses-by-84-tesla-bulls-fear-elon-musk-will-liquidate-more-tesla-stock-bring">X&#8217;s revenue has plummeted by 84%</a>. This number also reportedly sparked fears among Tesla investors that Musk might sell more of his Tesla stock to fill the financial gap.
Previously, Meta Platforms Inc's president for global affairs, Nick Clegg, also criticized X for becoming a "tiny" platform for elites that <a href="https://www.benzinga.com/news/24/09/40852207/meta-exec-slams-elon-musks-x-as-tiny-platform-that-allows-anyone-say-anything">permits anyone to say anything</a>.
He also noted that individuals banned from Meta's platforms like Facebook and Instagram remain active on X and Telegram, and were involved in the far-right protests and riots in Britain last month.
Meanwhile, on Thursday morning, Palantir <a href="https://www.benzinga.com/news/24/09/40939510/palantir-stock-hits-52-week-highs-thursday-whats-going-on">shares made a new 52-week high</a>. This development came after the company got a new contract from the U.S. Army worth $99.8 million.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40914747/jpmorgan-ceo-jamie-dimon-thinks-social-media-platforms-like-tiktok-and-facebook-are-a-total-stupid-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Thinks Social Media Platforms Like TikTok And Facebook Are &#8216;A Total Stupid Waste Of Time&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

PLTR

Palantir Co-Founder Joe Lonsdale Backs Elon Musk's Twitter Acquisition, Saying If He Had Not Bought It Then 'The Entire West Would Be At 10x The Threat'

<ul>
<li>Kineta will be trading under the symbol &quot;KANT&quot; on OTC Pink</li>
<li>Kineta will continue to pursue strategic alternatives as previously announced</li>
<li>TuHURA Biosciences has an exclusivity right and a right of first offer for Kineta&#39;s KVA12123 program</li>
<li>The ongoing KVA12123 Phase 1 study is open for new patient enrollment and following those patients previously enrolled.</li>
</ul>

Reported Earlier, Kineta Transitions From Nasdaq To OTC Markets, Continues Focus On Strategic Alternatives

Approval based on compelling safety and efficacy from the Phase 3 MARIPOSA-2 study, marking&nbsp;the third new indication for RYBREVANT&reg;&nbsp;this year, with four indications overall

Johnson & Johnson Announces FDA Approval Of RYBREVANT Plus Chemotherapy As The First Targeted Therapy To Halve Disease Progression Risk In Second-Line EGFR-Mutated Lung Cancer

Macro Economic Events

Econ #s

Economics

Germany Producer Price Index (MoM) For August 0.2% Vs. 0.0% Est.; 0.2% Prior

U.K. Retail Sales (YoY) For August 2.5% Vs. 1.4% Est.; 1.5% (Revised) Prior

U.K. Retail Sales (MoM) For August 1.0% Vs. 0.3% Est.; 0.7% (Revised) Prior

U.K. Core Retail Sales (YoY) For August 2.3% Vs. 1.1% Est.; 1.4% Prior

U.K. Core Retail Sales (MoM) For August 1.1% Vs. 0.5% Est.; 1.0% (Revised) Prior

TRIN

Reported Earlier, Trinity Capital Expands Credit Facility To $510M With $70M Boost From New Lenders

Ascendis estimates the net proceeds from the offering will be approximately&nbsp;$281.3 million&nbsp;(assuming no exercise of the underwriters&#39; option to purchase additional ADSs), after deducting the underwriting commissions and estimated offering expenses. Ascendis intends to use the net proceeds of the offering to support the commercial preparations, launch and commercial activities, clinical development and regulatory approvals for its products and product candidates, and for working capital and general corporate purposes.

ASND

Reported Earlier, Ascendis Pharma Prices $281.3M Public Offering Of 2M ADSs At $150/ADS

Leveraging NVIDIA accelerated computing and offering personalized drinks, Scorpion is expected to save costs, generate revenue, and provide an unforgettable customer experience

Reported Earlier, Richtech Robotics Launches Scorpion, An AI-Driven Single-Arm Beverage Service Robot, And Secures 500-Unit Distribution Deal Over Five Years

Agreement designed to foster collaboration and usage of quantum computing solutions for optimization and AI applications

QBTS

Reported Earlier, D-Wave And Staque Join Forces To Accelerate Annealing Quantum Computing Adoption Across The Middle East

The gross proceeds from the sale of the shares by the Selling Stockholders will be approximately $2.2 billion. Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Secondary Offering is expected to close on September 23, 2024, subject to customary closing conditions.
In addition, Diamondback has agreed to purchase from the underwriters 2,000,000 shares of common stock that are the subject of the Secondary Offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the &quot;Share Repurchase&quot;) under Diamondback&#39;s existing share repurchase program. Diamondback plans to fund the Share Repurchase from existing cash on hand. The underwriters will not receive any compensation for the shares being repurchased by Diamondback in the Share Repurchase.

FANG

Reported Earlier, Diamondback Energy Prices Upsized $2.2B Secondary Common Stock Offering Of 12.77M Shares

YouTube, a subsidiary of&nbsp;Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, has announced the implementation of &#8220;Pause ads,&#8221; a feature that <a href="https://www.benzinga.com/news/23/11/35613857/youtubes-war-against-ad-blockers-leads-to-record-uninstalls-but-users-are-fighting-back">displays advertisements</a> even when a video is paused.
What Happened: On Thursday, YouTube confirmed the broad rollout of &#8220;Pause ads&#8221; to all advertisers. Now, when a user pauses a video, an ad will appear&nbsp;on the side of the&nbsp;screen, <a href="https://edition.cnn.com/2024/09/19/business/youtube-ads-paused-screen/index.html">reported</a> CNN.
The new feature is intended to be &#8220;seamless for viewers&#8221; and offers an opportunity for&nbsp;them to learn more about&nbsp;a brand, a Google spokesperson told the report.
The update is seen as beneficial&nbsp;for the entire YouTube ecosystem&nbsp;and is part of the modern Connected TV (CTV) ads experience.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40932378/elon-musks-x-manages-to-dodge-brazil-ban-with-software-update-court-wants-an-explanation?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Manages To Dodge Brazil Ban With Software Update, Court Wants An Explanation</a>
Despite YouTube&#8217;s assertion that&nbsp;the update creates a less&nbsp;interruptive viewing experience, social media users have voiced their annoyance over the new, unavoidable ads.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Seriously <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a>? You&#39;re putting up ads when you pause a video now? I am about to install a computer in place of the fire stick so I can have an ad blocker&#8230; Your ads are getting ridiculous. <a href="https://t.co/OT4JMduGTU">pic.twitter.com/OT4JMduGTU</a>
&mdash; RoÆther (@Roaether) <a href="https://twitter.com/Roaether/status/1832186161743216724?ref_src=twsrc%5Etfw">September 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">nice one thing i hate when i pause a youtube video is the silence <a href="https://t.co/86sNagJ9Y4">https://t.co/86sNagJ9Y4</a>
&mdash; Keefler (@Keefler_Elf) <a href="https://twitter.com/Keefler_Elf/status/1836947769317020159?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> Playing ads when pausing a video is an absolute trash idea. Stop trying these atrocious implementations to try to strongarm users into your subscription service. When I pause a video I want to disconnect not have to also wait to mute/pause/skip and ad.
&mdash; Cannoli Senpai (@CannoliSenpai) <a href="https://twitter.com/CannoliSenpai/status/1836956020226040198?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Users can still avoid ads&nbsp;with a YouTube Premium subscription, which costs&nbsp;$13.99 a month for an&nbsp;individual.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The introduction of &#8216;Pause ads&#8217; comes amid growing user frustration over the increasing number of ads on YouTube. Last year, Elon Musk agreed with millions of users worldwide that <a href="https://www.benzinga.com/news/23/10/35483941/elon-musk-agrees-with-millions-of-users-worldwide-youtube-ads-are-getting-out-of-control">YouTube ads were &#8220;getting out of control.&#8221;</a>
In May this year, some YouTube users with ad blockers installed reported that their videos were skipping to the end, a phenomenon that was speculated to be a strategy by <a href="https://www.benzinga.com/news/24/05/39054233/youtube-videos-reportedly-skipping-to-the-end-for-ad-block-users-bug-or-strategy">YouTube to counter ad blockers</a>.
YouTube has also been experimenting with new ways to prevent rampant ad-blocking on the platform, including <a href="https://www.benzinga.com/general/entertainment/24/06/39438445/youtube-steps-up-ad-blocker-crackdown-is-it-making-a-difference">server-side ad injection</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oracle&#8217;s Larry Ellison Predicts Police Officers Will Be Supervised &#8216;At All Times&#8217; And Citizens Will Be On Their Best Behavior Thanks To Constant AI-Powered Surveillance</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

GOOG

GOOGL

There Is No Escaping YouTube Ads Even After Hitting The Pause Button — Disgruntled Users Cry Foul: 'An Absolute Trash Idea'

In a report released today, Barry Jonas from Truist Financial maintained a Hold rating on Bally's Corporation (BALY – Research Report). The company...

Bally's Corporation (BALY) Receives a Hold from Truist Financial

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Bally's Corporation (BALY – Research Report...

Analysts' Opinions Are Mixed on These Consumer Cyclical Stocks: Bally's Corporation (BALY), Booking Holdings (BKNG) and Shake Shack (SHAK)

In a report released today, Lance Vitanza from TD Cowen maintained a Hold rating on Bally's Corporation (BALY – Research Report), with a price targ...

TD Cowen Sticks to Its Hold Rating for Bally's Corporation (BALY)

Given the consistent and dependable source of income through dividends that REITs provide, they are appealing to investors who prioritize income. Therefore, it could be wise to explore investments in robust REITs, such as American Tower Corp (AMT), Lamar Advertising (LAMR), and Gaming and Leisure Properties (GLPI), for passive income. Keep reading… REITs provide investors with the advantages of commercial real estate investment combined with the benefits of owning a publicly traded stock. Therefore, fundamentally strong REITs, such as American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), Lamar Advertising Company (<a href="https://stocknews.com/stock/LAMR/">LAMR</a>), and Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>), might be worthy buys for passive income.
REITs are required by law to pay out at least <a href="https://www.reit.com/investing/financial-benefits-reits">90% of their taxable income to shareholders in the form of dividends</a>. REITs generate stable income from the rents paid by tenants of commercial properties, who often commit to long-term leases, or from the interest payments on the financing of these properties. Hence, amid economic turmoil, REITs conventionally emerge as stable investments.
Moreover, the rise in global demand for warehousing and storage facilities, fueled by e-commerce growth, the expanding residential sector, and government support toward infrastructure development, is quite apparent. As a result, the REIT market is estimated to grow at a <a href="https://www.technavio.com/report/reit-market-analysis">CAGR of 2.8%</a> by 2027.
Considering these conducive trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> stocks, beginning with the third choice.
Stock #3: American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT is a leading independent owner, operator, and developer of multitenant communications real estate. Its portfolio includes over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
AMT pays a $6.56 per share dividend annually, translating to a 2.91% yield on the current share price. Its four-year dividend yield is 6.56%. Also, the company's dividend payouts have increased at a CAGR of 10.5% over the past three years.
AMT's 3.78% trailing-12-month Return on Total Assets is 177.7% higher than the industry average of 1.36%. Furthermore, the stock's 21.95% trailing-12-month net income margin is 149% higher than the industry average of 8.82%.
AMT's total revenue for the second quarter ended June 30, 2024, was reported at $2.90 billion, up 4.6% year-over-year. Net income attributable to AMT common stockholders grew 89.3% year-over-year to $900 million. Net income attributable to AMT common stockholders per share increased 88.2% year-over-year to $1.92.
Street expects AMT's revenue for the quarter ending September 2024 to increase marginally year-over-year to $2.84 billion. Its <a href="https://www.investopedia.com/terms/d/dilutedeps.asp">EPS</a> is expected to be $2.55 for the same quarter. AMT surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock gained 27.4% over the past nine to close the last trading session at $234.64.  
AMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.    
AMT also has an A grade for Sentiment and a B for Momentum, Stability, and Quality. It is ranked #8 in the 45-stock <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. 
Beyond what is stated above, we've also rated AMT for Growth and Value. Get all AMT ratings <a href="https://stocknews.com/stock/AMT/">here</a>.
Stock #2: Lamar Advertising Company (<a href="https://stocknews.com/stock/LAMR/">LAMR</a>)
LAMR is an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays and rents space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals.
LAMR pays an annual dividend of $5.20, which translates to a yield of 4.3% at the current share price. Its four-year average dividend yield is 4.25%. Also, the company's dividend payouts have increased at a CAGR of 26.8% over the past three years.
In terms of the trailing-12-month Capex / Sales, LAMR's 5.76% is 66.5% higher than the 3.46% industry average. Similarly, the stock's 0.33x trailing-12-month asset turnover ratio is 150.9% higher than the 0.13x industry average. Moreover, its trailing-12-month net income margin of 23.26% is 137.1% higher than the 9.81% industry average.
LAMR's net revenues for the first quarter that ended March 31, 2024, increased 5.7% year-over-year to $498.15 million. Its operating income grew 4.9% from the year-ago value to $124.60 million. Its adjusted funds from operations were $158.24 million and $1.54 per share, up 9.8% and 9.2% from the previous year's quarter.
For the same quarter, the company's adjusted EBITDA came in at $211.92 million, up 7.1% year-over-year. Its free cash flow for the period increased 22.4% from the year-ago value to $138.68 million.
For the quarter ended June 30, 2024, LAMR's revenue is expected to increase 4.4% year-over-year to $565.03 million. Its FFO for fiscal 2024 is expected to increase 10.6% year-over-year to $8.32. Over the past nine months, LAMR's stock has gained 25.4% to close the last trading session at $115.56.
LAMR has an overall B rating, equating to a Buy in our proprietary rating system. LAMR also has a B grade for Stability, Momentum, and Quality. It is ranked #7 in the same industry. 
To see additional POWR Ratings for Value, Sentiment, and Growth, <a href="https://stocknews.com/stock/ALX/">click</a><a href="https://stocknews.com/stock/LAMR/"> here</a>.
Stock #1: Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>)
GLPI acquires, finances, and owns real estate properties leased to gaming operators under triple-net lease arrangements, where tenants are responsible for facility maintenance, insurance, taxes, utilities, and other services necessary for the leased properties and the businesses conducted on them.
On July 12, 2024, GLPI announced that it had entered into a binding term sheet with Bally's Corporation (<a href="https://stocknews.com/stock/BALY/">BALY</a>), pursuant to which the Company plans to acquire the real estate assets of BALY's Kansas City Casino, BALY's Shreveport Casino &amp; Hotel, and the land under BALY's permanent Chicago casino.
Additionally, it will provide construction financing for BALY's Chicago Casino Resort, with a total investment of about $1.59 trillion, offering an initial cash yield of 8.3%.
GLPI pays a $3.04 per share dividend annually, which translates to a 6.05% yield on the current share price. Its four-year dividend yield is 6.20%. The company's dividend payouts have grown at a CAGR of 5.8% over the past three years.
In terms of the trailing-12-month gross profit margin, GLPI's 96.53% is 46.6% higher than the 65.84% industry average. Its 52.39% trailing-12-month net income margin is 434% higher than the 9.81% industry average. Likewise, the stock's 6.61% trailing-12-month ROTA is 353% higher than the 1.46% industry average.
GLPI's total income from real estate for the fiscal second quarter that ended June 30, 2024, increased 6.5% year-over-year to $380.63 million. Net income attributable to common shareholders and earnings per share stood at $208.25 million and $0.77, up 33.8% and 30.5% year-over-year, respectively.
For the third quarter ending September 2024, GLPI's revenue is expected to increase 7% year-over-year to $384.83 million. Its FFO for the same quarter is expected to increase 3.3% year-over-year to $0.97. GLPI surpassed the consensus revenue estimates in each of the trailing four quarters. 
GLPI gained 13.8% over the past three months to close its last trading session at $49.49.
It's no surprise that GLPI has an overall rating of B, which translates to Buy in our POWR Ratings system.
GLPI has a B grade for Momentum, Sentiment, Quality, and Stability. It is ranked #2 in the same industry.
For additional GLPI's Growth and Value, click <a href="https://stocknews.com/stock/GLPI/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
AMT shares were trading at $228.78 per share on Monday afternoon, down $5.86 (-2.50%). Year-to-date, AMT has gained 7.81%, versus a 9.68% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/amt-glpi-lamr-baly-3-reits-to-buy-for-passive-income/>3 REITs to Buy for Passive Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 REITs to Buy for Passive Income

REITs provide investors with the advantages of real estate ownership without the burden of managing properties. It could be wise to explore investments in robust REITs such as American Tower Corp (AMT), Simon Property Group (SPG), and Gaming and Leisure Properties (GLPI) for real estate investors. Keep reading… REITs diversify investments across property types, reducing risk, and must distribute most of their taxable income as dividends, offering a steady income stream. Therefore, high-potential REITs, American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>), and Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>) might be worthy buys for real estate investors.
REITs allow individual investors to enter the real estate market without owning physical properties. These entities are structured to distribute a significant portion of their taxable income as dividends to shareholders, often providing attractive income yields. The REIT market is expected to grow at a <a href="https://www.verifiedmarketreports.com/product/real-estate-investment-trust-reit-market/">CAGR of 7.1% by 2030</a>.
Moreover, owning shares in retail REITs provides investors with an opportunity <a href="https://www.reit.com/what-reit/reit-sectors/retail">to earn high returns since the retail properties appreciate over time</a>, while diversified REITs are attractive for investors looking to <a href="https://www.reit.com/what-reit/reit-sectors/diversified">gain exposure to a variety</a> of real estate asset types. 
Considering these conducive trends, let's take a look at the fundamentals of the three best REIT stocks.
American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT is a leading independent owner, operator, and developer of multitenant communications real estate. Its portfolio includes over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
AMT pays a $6.80 per share dividend annually, translating to a 2.86% yield on the current share price. Its four-year dividend yield is 2.51%. Also, the company's dividend payouts have increased at a CAGR of 10.5% over the past three years.
AMT's 3.78% trailing-12-month Return on Total Assets is 176.6% higher than the industry average of 1.37%. Furthermore, the stock's 21.95% trailing-12-month net income margin is 135.8% higher than the industry average of 9.31%.
AMT's total revenue for the second quarter ended June 30, 2024, was reported at $2.90 billion, up 4.6% year-over-year. Net income attributable to AMT common stockholders grew 89.3% year-over-year to $900 million. Net income attributable to AMT common stockholders per share increased 88.2% year-over-year to $1.92.
Street expects AMT's revenue for the quarter ending September 2024 to increase marginally year-over-year to $2.84 billion. Its <a href="https://www.investopedia.com/terms/d/dilutedeps.asp">EPS</a> is expected to be $2.55 for the same quarter. AMT surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock gained 22.2% over the past nine to close the last trading session at $228.16.  
AMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.    
AMT also has a B grade for Sentiment, Momentum, Stability, Growth, and Quality. It is ranked #4 in the 44-stock <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. 
Beyond what is stated above, we've also rated AMT for Value. Get all AMT ratings <a href="https://stocknews.com/stock/AMT/">here</a>.
Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>)
SPG is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations and is an S&amp;P 100 company.
On July 10, SPG and BP p.l.c. (<a href="https://stocknews.com/stock/BP/">BP</a>) entered into a deal for BP's global EV charging business, BP pulse, under which BP will install and operate EV charging gigahubs on 75 sites with SPG. Under the arrangement, BP pulse will install its ultra-fast gigahubs at 75 Simon&#xAE; locations. This will add over 900 charging bays across the US.
On June 14, WHP Global, in collaboration with an affiliate of SPG, Brookfield Properties, and Centennial Real Estate, formed PHOENIX, a new retail operating platform, and has received court approval to acquire a majority of Express, Inc. operations. The new joint venture, PHOENIX, will operate all direct-to-consumer commerce in the United States for Express and Bonobos.
SPG's total revenue increased 6.8% year-over-year to $1.44 billion during the first quarter ended March 31, 2024. Its consolidated net income rose 62% from the year-ago value to $841.15 million. The company's funds from operations came in at $1.33 billion and $3.56 per share, up 30% and 29.9% from the prior year's quarter, respectively.
According to the full-year 2024 guidance, SPG expects its net income attributable to common stockholders per share to range from $7.38 to $7.53. Its estimated FFO per share is expected between $12.75 and $12.90.
Street expects SPG's revenue for the fiscal year 2025 to increase 3% year-over-year to $5.56 billion. For the fiscal year 2024, the company's EPS is expected to grow 2.3% year-over-year to $12.79. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters.
SPG's stock has gained 32.9% over the past nine months and 31.5% over the past year to close the last trading session at $155.54. The company's forward annual dividend of $8.20 yields 5.27% on the prevailing price level.
SPG has an overall B rating, equating to a Buy in our proprietary rating system. SPG also has a B grade for Stability, Momentum, and Quality. It is ranked #2 in the <a href="https://stocknews.com/category/reits-retail/">REITs - Retail</a> industry. 
To see additional POWR Ratings for Value, Sentiment, and Growth, <a href="https://stocknews.com/stock/SPG/">click</a><a href="https://stocknews.com/stock/LAMR/"> here</a>.
Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>)
GLPI acquires, finances, and owns real estate properties leased to gaming operators under triple-net lease arrangements, where tenants are responsible for facility maintenance, insurance, taxes, utilities, and other services necessary for the leased properties and the businesses conducted on them.
On July 12, 2024, GLPI announced that it had entered into a binding term sheet with Bally's Corporation (<a href="https://stocknews.com/stock/BALY/">BALY</a>), pursuant to which the company plans to acquire the real estate assets of BALY's Kansas City Casino, BALY's Shreveport Casino &amp; Hotel, and the land under BALY's permanent Chicago casino. Additionally, it will provide construction financing for BALY's Chicago Casino Resort, with a total investment of about $1.59 trillion.
GLPI pays a $3.04 per share dividend annually, which translates to a 6.31% yield on the current share price. Its four-year dividend yield is 6.19%. The company's dividend payouts have grown at a CAGR of 5.8% over the past three years.
In terms of the trailing-12-month gross profit margin, GLPI's 96.53% is 45.8% higher than the 66.21% industry average. Its 52.39% trailing-12-month net income margin is 462.6% higher than the 9.31% industry average. Likewise, the stock's 6.61% trailing-12-month ROTA is 383.2% higher than the 1.37% industry average.
GLPI's total income from real estate for the fiscal second quarter that ended June 30, 2024, increased 6.5% year-over-year to $380.63 million. Net income attributable to common shareholders and earnings per share stood at $208.25 million and $0.77, up 33.8% and 30.5% year-over-year, respectively.
For the third quarter ending September 2024, GLPI's revenue is expected to increase 7% year-over-year to $383.53 million. Its FFO for the same quarter is expected to increase 3% year-over-year to $0.97. GLPI surpassed the consensus revenue estimates in each of the trailing four quarters. 
GLPI gained 12.9% over the past three months to close its last trading session at $49.26.
It's no surprise that GLPI has an overall rating of B, which translates to Buy in our POWR Ratings system.
GLPI has a B grade for Momentum, Sentiment, Quality, and Stability. It is ranked #3 in the REITs - Diversified industry.
For additional GLPI's Growth and Value, click <a href="https://stocknews.com/stock/GLPI/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMT shares were trading at $226.98 per share on Wednesday afternoon, down $1.18 (-0.52%). Year-to-date, AMT has gained 6.97%, versus a 10.46% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/amt-spg-glpi-bp-baly-3-high-potential-reits-for-real-estate-investors/>3 High-Potential REITs for Real Estate Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Potential REITs for Real Estate Investors

2 REITs That Offer Higher But Riskier Yields

Cool streak: Las Vegas casinos saw a big decline in gaming win during July

As real estate usually appreciates in inflationary climates, REITs are the most feasible way to invest. Therefore, it could be wise to explore investments in robust REITs such as American Tower (AMT), Gaming and Leisure Properties (GLPI), and Simon Property Group (SPG) for inflation-protected income. Keep reading… REITs offer inflation-protected income as they own assets like real estate, which can adjust rents and values in response to rising prices. Therefore, fundamentally strong REITs, American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>), and Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>) might be worthy buys to ensure an inflation-protected income.
The core personal consumption expenditures (PCE) price index <a href="https://www.cnbc.com/2024/08/30/pce-inflation-july-2024.html">rose by 0.2% in July</a>, marking a 2.6% increase over the past year. This inflation measure, closely watched by the Federal Reserve, showed a slight uptick as the central bank prepares for its first interest rate cut in over four years.
Amid a high inflation environment, REITs may provide natural protection against inflation. <a href="https://www.reit.com/investing/investment-benefits-reits/reits-and-inflation-protection">Real estate rents and values tend to increase when prices do</a>; this may support REIT dividend growth and provide a reliable income stream even during inflationary periods.
<h4>Considering these conducive trends, let's take a look at the fundamentals of the three best REIT stocks.</h4>
American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
AMT pays a $6.56 per share dividend annually, translating to a 2.79% yield on the current share price. Its four-year dividend yield is 2.54%. Also, the company's dividend payouts have increased at a CAGR of 10.5% over the past three years.
AMT's 3.78% trailing-12-month Return on Total Assets is 191.5% higher than the industry average of 1.30%. Furthermore, the stock's 21.95% trailing-12-month net income margin is 135.4% higher than the industry average of 9.33%.
AMT's total revenue for the second quarter ended June 30, 2024, was reported at $2.90 billion, up 4.6% year-over-year. Net income attributable to AMT common stockholders grew 89.3% year-over-year to $900 million. Net income attributable to AMT common stockholders per share increased 88.2% year-over-year to $1.92.
Street expects AMT's revenue for the quarter ending September 2024 to increase marginally year-over-year to $2.83 billion. Its <a href="https://www.investopedia.com/terms/d/dilutedeps.asp">EPS</a> is expected to be $2.45 for the same quarter. AMT surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock gained 11% over the past nine to close the last trading session at $233.64.  
AMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.    
AMT also has an A grade for Sentiment and a B for Momentum, Stability, Growth, and Quality. It is ranked #3 out of 45 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. 
Beyond what is stated above, we've also rated AMT for Value. Get all AMT ratings <a href="https://stocknews.com/stock/AMT/">here</a>.
Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>)
GLPI is a self-administered and self-managed Pennsylvania real estate investment trust that acquires, finances, and owns real estate property to lease to gaming operators in triple-net lease arrangements.
On July 12, 2024, GLPI announced that it had entered into a binding term sheet with Bally's Corporation (<a href="https://stocknews.com/stock/BALY/">BALY</a>), pursuant to which the company plans to acquire the real estate assets of BALY's Kansas City Casino, BALY's Shreveport Casino &amp; Hotel, and the land under BALY's permanent Chicago casino. Additionally, it will provide construction financing for BALY's Chicago Casino Resort, with a total investment of about $1.59 trillion.
GLPI pays a $3.04 per share dividend annually, which translates to a 5.85% yield on the current share price. Its four-year dividend yield is 6.11%. The company's dividend payouts have grown at a CAGR of 5.8% over the past three years.
In terms of the trailing-12-month gross profit margin, GLPI's 96.53% is 46.7% higher than the 65.79% industry average. Its 52.39% trailing-12-month net income margin is 461.6% higher than the 9.33% industry average. Likewise, the stock's 6.61% trailing-12-month ROTA is 409.2% higher than the 1.30% industry average.
GLPI's total income from real estate for the fiscal second quarter that ended June 30, 2024, increased 6.5% year-over-year to $380.63 million. Net income attributable to common shareholders and earnings per share stood at $208.25 million and $0.77, up 33.8% and 30.5% year-over-year, respectively.
For the third quarter ending September 2024, GLPI's revenue is expected to increase 7% year-over-year to $385.19 million. Its FFO for the same quarter is expected to increase 3% year-over-year to $0.97. GLPI surpassed the consensus revenue estimates in each of the trailing four quarters. 
GLPI gained 15.6% over the past three months to close its last trading session at $51.50.
GLPI has an overall B rating, equating to a Buy in our proprietary rating system.
GLPI has a B grade for Momentum, Quality, and Stability. It is ranked #5 out of 45 stocks in the REITs - Diversified industry.
For additional GLPI's Growth, Sentiment, and Value, click <a href="https://stocknews.com/stock/GLPI/">here</a>.
Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>)
SPG is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations and is an S&amp;P 100 company.
On July 10, SPG and BP p.l.c. (<a href="https://stocknews.com/stock/BP/">BP</a>) entered into a deal for BP's global EV charging business, BP pulse, under which BP will install and operate EV charging gigahubs on 75 sites with SPG. Under the arrangement, BP pulse will install its ultra-fast gigahubs at 75 Simon&#xAE; locations. This will add over 900 charging bays across the United States.
SPG pays a $8.20 per share dividend annually, translating to a 4.97% yield on the current share price. Its four-year dividend yield is 5.59%. Also, the company's dividend payouts have increased at a CAGR of 14.2% over the past three years.
SPG's 7.70% trailing-12-month Return on Total Assets is 493.5% higher than the industry average of 1.30%. Furthermore, the stock's 44.01% trailing-12-month net income margin is 371.9% higher than the industry average of 9.33%.
SPG's total revenue increased 6.6% year-over-year to $1.46 billion during the second quarter ended June 30, 2024. Its consolidated net income rose 2.1% from the year-ago value to $569.44 million. The company's earnings per share increased 1.3% year-over-year to $1.51.
Street expects SPG's revenue for the fiscal year 2025 to increase 3.1% year-over-year to $5.49 billion. For the fiscal year 2024, the company's EPS is expected to grow 2.4% year-over-year to $12.81. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters.
SPG's stock has gained 25.5% over the past nine months and 42.8% over the past year to close the last trading session at $164.18.
It's no surprise that SPG has an overall rating of B, which translates to Buy in our POWR Ratings system.
SPG has a B grade for Momentum, Sentiment, and Quality. It is ranked #2 out of 30 stocks in the <a href="https://stocknews.com/category/reits-retail/">REITs - Retail</a> industry.
For additional SPG's Growth, Stability, and Value, click <a href="https://stocknews.com/stock/SPG/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMT shares were trading at $234.98 per share on Friday afternoon, up $1.34 (+0.57%). Year-to-date, AMT has gained 10.74%, versus a 14.44% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/amt-spg-glpi-baly-bp-3-reits-to-buy-for-inflation-protected-income/>3 REITs to Buy for Inflation-Protected Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 REITs to Buy for Inflation-Protected Income

Standard General deal for Bally's expected to clear HSR  - report

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Bally's Corporation (BALY) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

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