General Motors shares are trading higher on Tuesday after raising its outlook for FY24, following a first-quarter beat. According to Wedbush analyst Daniel Ives, the company is focusing heavily on profitability, with expenses continuing to be a big priority. BofA Securities analyst John Murphy said in a new investor note that there was optimism heading into the quarter.
Penn Entertainment launched ESPN Bet in the fall of 2023. A leading analyst said investors are giving a $0 valuation to ESPN Bet based on the company's share price.