This Wall Street Analyst Is Shorting Tesla And Going Long On Penn Entertainment

This Wall Street Analyst Is Shorting Tesla And Going Long On Penn Entertainment

On CNBC’s “The Final Call,” Carter Worth of Carter Braxton Worth Charting LLC recommended holding short positions in Tesla Inc. TSLA and going long on Penn Entertainment Inc. PENN and other gaming stocks. Earlier this month, Penn Entertainment reported its third-quarter results.

Check out other stocks making moves in the premarket.

Mike Khouw of Optimize Advisors also recommended “call spreads in Penn.”

Dennis Davitt of Millbank Dartmoor Portsmouth said, “If higher rates could mean slowing down the economy, lower energy.”

TSLA, PENN Price Action: Shares of Tesla declined by 1.63% to close at $180.19 on Friday, while Penn Entertainment’s stock lost 0.60% to settle at $36.18.

Now Read: Larry Summers Backs Fed Moves, Urges Caution In US Diplomacy: 'Not For Us To Tell China How They Should Organize Their Society' 

Posted In: CNBCDennis DavittMike KhouwMillbank Dartmoor PortsmouthOptimize AdvisorsLong IdeasShort IdeasOptionsMarketsMediaTrading Ideas