Jim Cramer reviewed PENN Entertainment, Inc. (NASDAQ:PENN) while breaking down 16 stocks for a market facing higher energy costs and economic uncertainty. A caller asked what a good exit strategy for the stock was, and Cramer advised:
Okay, remember, we do not care about where our stock is coming from. We care about where it is going to. And I don’t think PENN Entertainment is going anywhere. Why? Because I think the whole gambling business isn’t going anywhere, and I don’t want to touch it. So, as far as I’m concerned, [sell, sell, sell].
A stock market chart. Photo by Arturo A on Pexels
PENN Entertainment, Inc. (NASDAQ:PENN) provides sports content, casino gaming, and online betting experiences through its racetracks, casinos, and mobile apps. In addition, the company offers lot machines, table games, and hospitality services. Invesco Ltd’s Small Cap Value Fund stated the following regarding Penn Entertainment, Inc. (NASDAQ:PENN) in its Q4 2025 investor letter:
Penn Entertainment, Inc. (NASDAQ:PENN): The company operates physical casinos in the US, along with a growing digital gaming and sports-betting platform. Shares declined after third quarter earnings missed expectations. The company’s announcement ending its partnership with ESPN also seemed to dampen investor sentiment.
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