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Stock Market & Financial Investment News

News Breaks
February 5, 2014
06:29 EDTDIS, LVS, GEBHYCasinos take on Disney over Florida growth, Bloomberg reports
In Florida, casino operators Genting Bhd. (GEBHY) and Las Vegas Sands (LVS) are battling Walt Disney Co. (DIS), which runs theme parks and resorts near Orlando, and which now may face new competition for convention business, reports Bloomberg. Reference Link
News For DIS;GEBHY;LVS From The Last 14 Days
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January 27, 2016
16:22 EDTLVSLas Vegas Sands reports Sands Macao Q4 adjusted property EBITDA $51.3M
Sands Macao's adjusted property EBITDA was $51.3M. Non-Rolling Chip drop was $716.4M during the quarter, while slot handle was $661.5M. Rolling Chip volume was $2.7B for the quarter. The property realized 3.18% win on Rolling Chip volume during the quarter, below the 3.57% generated in the year-ago quarter.
16:21 EDTLVSLas Vegas Sands reports Q4 Four Seasons Macao adjusted property EBITDA $65.8M
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16:20 EDTLVSLas Vegas Sands raises quarterly dividend to 72c per share from 65c per share
Las Vegas Sands announced that its next recurring quarterly dividend of 72c per common share will be paid on March 31, to Las Vegas Sands shareholders of record on March 22.
16:16 EDTLVSLas Vegas Sands reports Sands China revenue down 21.7% to $1.66B
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16:15 EDTLVSLas Vegas Sands reports Macao adjusted property EBITDA $575.3M
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16:12 EDTLVSLas Vegas Sands reports hold-normalized adjusted EPS 64c, consensus 65c
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16:11 EDTLVSLas Vegas Sands reports Q4 adjusted EPS 62c, consensus 65c
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14:34 EDTLVSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:31 EDTLVSLas Vegas Sands January weekly 42 straddle priced for 4.7% movement into Q4
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14:25 EDTLVSEarnings Watch: Analyst sees 'no surprises' in Las Vegas Sands report
Las Vegas Sands (LVS) is expected to report fourth quarter earnings after the close on Wednesday, January 27, with a conference call scheduled for 4:30 pm ET. Las Vegas Sands is a resort developer with principal operations in Macao, Singapore, and the U.S. EXPECTATIONS: Analysts are looking for earnings per share of 65c on revenue of $2.92B. The consensus EPS range is 61c-72c, while revenue expectations range from $2.84B-$3.02B, according to First Call. LAST QUARTER: On October 21, Sands reported third quarter adjusted earnings per share of 66c versus expectations for 64c, and Q3 revenue of $2.89B against a consensus estimate of $2.97B. Additionally, Las Vegas Sands reported Q3 adjusted property EBITDA of $1.05B, and Q3 Macao adjusted property EBITDA of $536.8M. CEO Sheldon Adelson said at the time, "While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of $1B of adjusted property EBITDA during the quarter and weather this cyclical downturn better than the industry overall. We remain sharply focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model." STREET RESEARCH: Following the Q3 earnings report, on October 27, Las Vegas Sands was initiated with a Buy at Gabelli with a $60 price target. On the same day, the company was downgraded to Equal Weight from Overweight at Barclays with its price target lowered to $45 from $55. Barclays analyst Felicia R. Hendrix said she believed the 2016 gross gaming revenue growth for Macau would be negative given continued VIP and premium mass revenue declines and slower than expected growth in the mass segment. On January 25, Deutsche Bank analyst Carlo Santarelli said in his Q4 preview of Las Vegas Sands that he sees "no major surprises" in the report, adding, "while we believe Q4 earnings are more than likely a supportive to modestly positive catalyst for shares, we expect medium to longer term trading to be largely Macau market sentiment driven." Santarelli has a Hold rating and a $42 price target on Las Vegas Sands shares. PRICE ACTION: Over the last three months, Las Vegas Sands shares have fallen about 12%. In afternoon trading ahead of Wednesday's earnings report, shares are higher by more than 2.5% to $41.95.
10:18 EDTDISMattel and Disney Consumer Products announce renewed agreement
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January 26, 2016
19:54 EDTDISIMAX announces Spider-Man to be released in IMAX 3D Theatres
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13:50 EDTLVSLas Vegas Sands technical notes ahead of earnings
The shares have been in a steady downtrend since the trend began in March 2013. At the current price of $40, the stock would need to take out the $45 area on the upside to break the current downtrend. This would be a technical positive and bullish for future price. Next resistance would be at $47.42. If the news continues to be bearish, the downtrend is likely to extend. First support below $40 is at $38.32. Thereafter support is at $36.77 and the 52-week low at $34.88.
10:00 EDTDISOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amec Foster Wheeler (AMFW) downgraded to Hold from Buy at HSBC... CVR Refining (CVRR) downgraded to Sell from Neutral at Goldman... Cenovus Energy (CVE) downgraded to Neutral from Buy at UBS... Clean Harbors (CLH) downgraded to Underperform from Market Perform at Raymond James... Core Laboratories (CLB) downgraded to Reduce from Hold at HSBC... Delek US (DK) downgraded to Neutral from Buy at Goldman... Deutsche Post (DPSGY) downgraded to Underperform from Outperform at Credit Suisse... Disney (DIS) downgraded to Neutral on reduced ESPN forecasts at Atlantic Equities... Dorian LPG (LPG) downgraded to Market Perform from Outperform at Wells Fargo... Encana (ECA) downgraded to Neutral from Buy at UBS... Fortinet (FTNT) downgraded to Hold from Buy at Deutsche Bank... Fortune Brands (FBHS) downgraded to Neutral from Outperform at Credit Suisse... General Growth (GGP) downgraded to Equal Weight from Overweight at Barclays... Golden Ocean (GOGL) downgraded to Underweight from Neutral at JPMorgan... Grupo Mexico (GMBXF) downgraded to Neutral from Overweight at JPMorgan... Halliburton (HAL) downgraded to Hold from Buy at HSBC... Marketo (MKTO) downgraded to Underperform at BofA/Merrill... Navios Maritime (NM) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Underperform at BofA/Merrill... OM Asset Management (OMAM) downgraded to Equal Weight at Morgan Stanley... Paylocity (PCTY) downgraded to Underperform from Neutral at BofA/Merrill... Pennsylvania REIT (PEI) downgraded to Underweight from Equal Weight at Barclays... Pinnacle West (PNW) downgraded to Hold from Buy at Evercore ISI... Public Storage (PSA) downgraded to Equal Weight from Overweight at Barclays... Red Hat (RHT) downgraded to Neutral from Buy at BofA/Merrill... Regal Entertainment (RGC) downgraded on valuation at RBC Capital... Rouse Properties (RSE) downgraded to Equal Weight from Overweight at Barclays... Star Bulk Carriers (SBLK) downgraded to Neutral from Overweight at JPMorgan... Stratasys (SSYS) downgraded to Neutral from Overweight at JPMorgan... Subsea 7 (SUBCY) downgraded to Reduce from Hold at HSBC... US Ecology (ECOL) downgraded to Market Perform from Outperform at Raymond James... USG (USG) downgraded to Underperform from Neutral at Credit Suisse... Vornado (VNO) downgraded to Equal Weight from Overweight at Barclays... Weir Group (WEIGY) downgraded to Underperform from Hold at Jefferies.
09:57 EDTLVSJanuary weekly straddle priced for % movement.
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08:26 EDTDISTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
06:54 EDTDISDisney downgraded to Neutral on reduced ESPN forecasts at Atlantic Equities
Atlantic Equities analyst Hamilton Faber downgraded Disney to Neutral from Overweight and cut his price target to $104 from $148. Faber looked at how cord cutting will affect ESPN and is concerned about high levels of fixed costs in its sports rights while ESPN faces revenue headwinds. The analyst's 20 year ESPN model forecasts strong five year growth of +9% per year, but average growth over the following five years is -12% and negative thereafter. Faber reduced ESPN subscriber forecasts and no longer believes Disney's premium valuation is sustainable.
January 25, 2016
12:08 EDTDIS'Star Wars: The Force Awakens' crosses $200M mark at IMAX locations
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08:33 EDTDISDisney shares 'extremely attractive' at these levels, says JPMorgan
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January 24, 2016
17:55 EDTDIS'The Revenant' tops box office as 'Ride Along 2' sags
"The Revenant" clawed past "Ride Along 2" as this weekend's snow storm left several box office newcomers grasping for ticket sales. WEEKEND LEADER: Fox's (FOX, FOXA) "The Revenant" grossed $16M domestically for the weekend of January 24. The Leonardo DiCaprio-led survival Western was expected to take $19M-$21.6M, though results may have been dampened by the East Coast winter storm. BOX OFFICE RUNNERS-UP: Disney's (DIS) "Star Wars: The Force Awakens" earned $14.3M and now stands at $1.94B globally. Comcast (CMCSA, CMCSK) subsidiary Universal's "Ride Along 2" dipped to $13M against expectations for $18M-$18.7M, with critics and audiences generally lukewarm on the film despite its $34M open last weekend. Rounding out the weekend's top five were Lionsgate's (LGF) "Dirty Grandpa" and STX Entertainment's "The Boy," with the two newcomers debuting at a respective $11.5M and $11.3M.
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