Meritage Homes, Park Hotels & Resorts, NIO, DouYu International and Plug Power highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – October 1, 2020 – Zacks Equity Research Shares of Meritage Homes Corporation MTH as the Bull of the Day, Park Hotels & Resorts Inc. PK asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIO Limited NIO, DouYu International Holdings Limited DOYU and Plug Power Inc. PLUG.

Here is a synopsis of all five stocks:

Bull of the Day:

Meritage Homes perfectly situated to take advantage of the Millennial home buying rush. This Zacks Rank #1 (Strong Buy) is expected to grow its revenue by the double digits in both 2020 and 2021.

Meritage is the 7th largest public homebuilder in the United States. It has 300 communities across 9 states including Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

It focuses on first-time and first move-up buyers.

Unprecedented Demand in July and August

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Hanoi Old Quarter hotels up for sale due to Covid-19

Many hotels in Hanoi’s Old Quarter area are for sale due to big losses resulting from the Covid-19 pandemic.

An owner of a hotel chain in Hanoi’s Old Quarters area said that this was the biggest loss for his business to date. Since being affected by the pandemic, his firm has had to suffer losses of around VND10 billion (USD434,782).

The room price discount of a hotel in Hanoi’s Old Quarter.

Room occupancy rates have plummeted due to Covid-19, in some cases to zero percent, compared to 70-90% previously, he added.

He had to temporarily close two three-star hotels, leaving just one open. He and his relatives take turns to be receptionists and security staff to save costs. Room prices have also fallen by 70% to VND349,000 each.

At present, his hotel often receives a small number of visitors at weekends, he noted.

Meanwhile, another hotel owner Le Xuan Vinh

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