New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:14 EDTWYNN, MGM, MPEL, LVS, ELN, BIIB, GDP, LBTYA, VMED, RS, MUSA, ZNGA, RL, SFLY, TWX, DISOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Disney (DIS), up 2.8%... Time Warner (TWX), up 2.7%... Shutterfly (SFLY), up 16.9%... Zynga (ZNGA), up 5.5%... Ralph Lauren (RL), up 4.9%... ALSO HIGHER: Goodrich Petroleum (GDP), up 12.1% after announcing well results... Biogen (BIIB), up 5% after deal to pay $3.25B to acquire full rights and control of Tysabri from Elan (ELN)... DOWN AFTER EARNINGS: C.H. Robinson (CHRW), down 7.1%... Suncor (SU), down 3.7%... Hain Celestial (HAIN), down 2.7%... ALSO LOWER: Las Vegas Sands (LVS), down 2%, Melco Crown (MPEL), down 3.2%, MGM Resorts (MGM), down 1.3%, and Wynn Resorts (WYNN), down 3.4%, after The Times of London said China's government will begin clamping down on Macau junket operators... ACQUISITIONS MOVERS: Metals USA (MUSA), up 12.8%, to be acquired by Reliance Steel (RS) for $20.65 per share... Virgin Media (VMED), down 1.5%, to be acquired by Liberty Global (LBTYA) in cash and stock deal valued at $23.3B.
News For DIS;TWX;SFLY;RL;ZNGA;MUSA;RS;VMED;LBTYA;GDP;BIIB;ELN;LVS;MPEL;MGM;WYNN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
September 22, 2014
12:26 EDTSFLYShutterfly in talks to be taken private for over $50 per share, Reuters says
Subscribe for More Information
12:21 EDTSFLYShutterfly calls active, in advanced talks to be bought by Silver Lake, report
Subscribe for More Information
12:16 EDTSFLYShutterfly near highs of session, up about 5%
12:10 EDTSFLYShutterfly in advanced talks to be bought by Silver Lake, Reuters says
Subscribe for More Information
10:31 EDTDISDisney's "The Lion King" becomes highest grossing Broadway show, Deadline says
Subscribe for More Information
10:15 EDTMPEL, WYNN, LVSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
07:37 EDTWYNN, LVS, MGM, MPELLarge-Cap Gaming sector downgraded at Wells Fargo
Wells Fargo downgraded the Large-Cap Gaming sector to Market Weight from Overweight while cutting its ratings on Las Vegas Sands (LVS), Wynn Resorts (WYNN) and Melco Crown (MPEL) to Market Perform from Outperform. Wells believes near-term uncertainty in Macau has increased, making the risk/reward on shares balanced for the next 6-12 months. The firm thinks second half of 2014 and 2015 EBITDA estimates still need to come down another 10%. Wells cuts its price target range for Las Vegas Sands to $60-$70 from $80-$85, for Wynn to $180-$200 from $245-$250 and for Melco to $28-$31 from $38-$40. The firm keeps a Market Perform rating on MGM Resorts (MGM) with a slightly reduced price target range of $23-$26.
07:21 EDTBIIBEBD Group to hold a conference
Subscribe for More Information
07:12 EDTMPELMelco Crown downgraded to Market Perform from Outperform at Wells Fargo
Subscribe for More Information
07:12 EDTWYNNWynn Resorts downgraded to Market Perform from Outperform at Wells Fargo
Subscribe for More Information
07:12 EDTLVSLas Vegas Sands downgraded to Market Perform from Outperform at Wells Fargo
06:44 EDTTWX'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
Subscribe for More Information
06:41 EDTTWXTime Warner's Warner Bros. struggling, NY Times says
Subscribe for More Information
September 21, 2014
13:37 EDTDISDisney attempts to expand to Indian film market with Khoobsurat release, FT says
Subscribe for More Information
September 19, 2014
10:06 EDTMGMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:29 EDTMGMMGM Resorts downgraded to Hold from Buy at Argus
Argus downgraded MGM Resorts based on disappointing Macau gaming revenue.
06:15 EDTTWXTime Warner price target raised to $89 from $76.69 at Citigroup
Subscribe for More Information
September 18, 2014
13:03 EDTZNGATwo top game develoeprs leave Zynga, VentureBeat says
Subscribe for More Information
06:47 EDTWYNN, LVS, MGM, MPELMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
06:36 EDTTWXWarner Bros. could cut up to 1,000 jobs, Variety reports
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use