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Stock Market & Financial Investment News

News Breaks
January 10, 2013
04:55 EDTHMIN, HMIN, MPEL, MPEL, AERL, AERL, WYNMF, WYNMFBofA/Merrill to host a conference
Greater China Gaming & Lodging Corporate Day Conference is being held in Hong Kong on January 10-11.
News For HMIN;MPEL;AERL;WYNMF From The Last 14 Days
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July 2, 2015
12:11 EDTMPELJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTMPELUBS 'constructive' on Macau names after restrictions eased
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10:00 EDTWYNMFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Market Perform at Cowen... Acadia Realty Trust (AKR) upgraded to Buy from Neutral at Citi... Alliance Resource Partners (ARLP) upgraded to Buy from Hold at Deutsche Bank... ArcBest (ARCB) upgraded to Peer Perform from Underperform at Wolfe Research... AstraZeneca (AZN) upgraded to Buy from Hold at Berenberg... ConAgra (CAG) upgraded to Overweight from Equal Weight at Morgan Stanley... DuPont Fabros (DFT) upgraded to Buy from Neutral at Citi... EastGroup Properties (EGP) upgraded to Buy from Neutral at Citi... Galaxy Entertainment (GXYEY) upgraded to Hold from Sell at Deutsche Bank... GrubHub (GRUB) upgraded to Outperform from Sector Perform at RBC Capital... HealthSouth (HLS) upgraded to Outperform from Market Perform at JMP Securities... IGM Financial (IGIFF) upgraded to Sector Performer from Underperformer at CIBC... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... Kimco Realty (KIM) upgraded to Buy from Neutral at Citi... Kosmos (KOS) upgraded to Outperform at BMO Capital... MGM China (MCHVF) upgraded to Hold from Sell at Deutsche Bank... Regal Entertainment (RGC) upgraded to Neutral from Sell at B. Riley... SL Green Realty (SLG) upgraded to Buy from Neutral at Citi... SQM (SQM) upgraded to Buy from Hold at HSBC... Sands China (SCHYY) upgraded to Hold from Sell at Deutsche Bank... Terex (TEX) upgraded to Neutral from Underperform at BofA/Merrill... United Community Banks (UCBI) upgraded to Outperform from Market Perform at Raymond James... Weingarten Realty (WRI) upgraded to Buy from Neutral at Citi... Willis Group (WSH) upgraded to Neutral from Sell at Goldman... Wynn Macau (WYNMF) upgraded to Hold from Sell at Deutsche Bank.
08:29 EDTMPELUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
07:36 EDTWYNMFWynn Macau upgraded to Hold from Sell at Deutsche Bank
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July 1, 2015
10:01 EDTMPELMelco Crown breaks downtrend resistance, levels to watch
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06:48 EDTMPELMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMPELMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTMPELMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMPELMacau appears to re-lengthen visas to 7 days, says Brean Capital
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10:01 EDTMPELHigh option volume stocks
High option volume stocks: DEO PE BPOP PNR JUNO OFG CMPR MPEL
10:00 EDTMPELMelco Crown spikes higher, levels to watch
The stock is up over 7.5% to $19.25 at time of writing on very heavy volume. At current price next resistance is at $19.39, the session high, and then $19.90, the 50-day moving average. The 50-day is a good proxy for a downtrend resistance line and a break above it would be bullish. Support is at $18.98.
June 29, 2015
17:27 EDTHMINOppenheimer reports 16.37% stake in Home Inns
Oppenheimer has reviewed Homeinns' press release, dated June 11, in which Homeinns announced that it has received a proposal to "take the company private" from a group of persons, including officers and directors of Homeinns, at a price of $32.81 per American Depository Share. Oppenheimer believes that this price undervalues Homeinns and is inadequate. Oppenheimer intends to communicate with other shareholders and other persons and take such other action as they deem to be appropriate to see that they are not forced to sell the shares of which they are the beneficial owners or direct owners, as applicable, for what they believe to be an inadequate and unfair price and to see that their rights and the value of these holdings are not otherwise prejudiced.
June 26, 2015
10:00 EDTWYNMFOn The Fly: Analyst Upgrade Summary
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07:55 EDTWYNMFWynn Macau upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse upgraded Wynn Macau to Neutral due to valuation.
June 22, 2015
13:06 EDTHMINPoly Victory Investments reports 15.3% stake in Home Inns
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