Core Insights - Bally's Corporation is set to report its earnings results, with analysts expecting a revenue growth of 6.1% year on year to $668.5 million, following a previous quarter where it reported revenues of $657.5 million, up 5.8% year on year [1][2]. Revenue Performance - Last quarter, Bally's exceeded analysts' revenue expectations by 1%, but significantly missed adjusted operating income and EPS estimates [1]. - Analysts have generally maintained their revenue estimates for Bally's over the last 30 days, indicating a stable outlook heading into earnings [3]. Peer Comparison - In the casino operator segment, Boyd Gaming reported a year-on-year revenue growth of 4.5%, surpassing expectations by 15.7%, while Red Rock Resorts saw a revenue increase of 1.6%, falling short of estimates by 0.8% [4]. - Following their earnings reports, Boyd Gaming's stock declined by 7.3%, and Red Rock Resorts' stock fell by 11.8% [4]. Market Sentiment - Investors in the casino operator segment have shown stability, with share prices remaining flat over the past month. Bally's stock has increased by 41.6% during the same period, with an average analyst price target of $11.50 compared to its current share price of $18.56 [5].

Market Performance - The market experienced a mixed day and week, coming off near record highs [6] - The Dow Jones Industrial Average closed lower by almost 300 points, approximately 06% down for the day and about 1% down for the week [6] - The S&P 500 was down 21 points, about 03% for the day, also leading to a loss for the week [6] - The Nasdaq Composite and Nasdaq 100 each lost around 40 points on the day, closing the week in the red [7] - The Russell 2000 underperformed, down 13% for the day [7] - Financial stocks were the worst-performing sector in the S&P 500 [3] Individual Company News - Levi Strauss shares increased by 113% after boosting its net revenue forecast for the full year [9] - Performance Food Group shares surged higher by more than 48% due to takeover interest from US Foods Holding Corp, potentially creating a food distribution company with combined sales of roughly $100 billion [13] - Unusual Machines, a drone tech company, saw shares increase by close to 40% following reports of increased drone production and deployment [14][15] - PayPal was the worst-performing stock in the S&P 500, with other fintech companies like Block and Affirm also falling [16] - UBS cut Albemarle's (a lithium producer with a market cap of $83 billion) price target to $57 from $64, encouraging investors to fade the bounce as they expect lithium prices will remain lower [17][18] - Susquehanna Financial cut Boyd Gaming (a casino operator with a market cap of $65 billion) to neutral from positive, citing the stock's valuation after selling its 5% ownership in FanDuel to Flutter [18][19] Sector Trends - Energy and consumer discretionary sectors managed to show some gains [8] - Financials, healthcare, materials, and consumer staples sectors dragged the index down [9] - Fintech companies are facing potential cost increases for customer data access, potentially impacting their business models [16][17] Economic Factors - Tariffs are expected to cost Levi Strauss approximately $25 million to $30 million through the end of the year [10] - Delta is stripping engines from new Airbus jets in Europe to use them on grounded planes in the US to avoid tariffs [26][27] Interest Rates/Yields - Yields moved higher for a second straight week, with a bear steepening of the curve and most of the selloff coming on the longer end [20] - The 30-year yield was up about eight basis points on the day and more than nine basis points higher than the previous Friday [20]