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Stock Market & Financial Investment News

News Breaks
June 6, 2014
08:26 EDTLVS, WYNN, MGMMacau operators still have positive catalysts, says Wells Fargo
Wells Fargo believes that the growth of the Macau VIP market has decelerated, but the firm still expects Macau casino operators to benefit from strong mass trends and profitability. The firm expects Q2 Macau estimates for Las Vegas Sands (LVS), Wynn Resorts (WYNN) and MGM Resorts (MGM) to be revised slightly lower, but Wells does not see any downside risk to 2014 estimates. It keeps Outperform ratings on Las Vegas Sands, Melco Crown, and MGM Resorts. It keeps a Market Perform rating on MGM Resorts.
News For LVS;WYNN;MGM From The Last 14 Days
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July 29, 2014
15:53 EDTWYNNNotable companies reporting after market close
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09:52 EDTWYNNActive equity options trading on open
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07:52 EDTWYNNWynn Resorts reports Q2 Macau Operations net revenue $960.6M
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07:51 EDTWYNNWynn resorts Las Vegas Operations Q2 net revenues $451.4M
07:49 EDTWYNNWynn Resorts reports Q2 adjusted EPS $2.11, consensus $1.95
Reports Q2 net revenue $1.41B, consensus $1.43B.
July 28, 2014
13:12 EDTWYNNWynn Resorts technical comments before results
In the past three months shares have performed in line with broader averages. The trading range has been well-defined with it largely contained between a low at $200 and a high at $220. At the current price of $210.09, the stock is in the middle of that range. The trading range bounds will be important presuming that there is sufficiently strong news, positive or negative, to move through them. It is possible that more or less neutral results and guidance will keep the current range intact. If news is better than expected, a move above $220 could be expected. Resistance above is at $227.46 and $229.65. On weaker results and guidance, a move below $200 could be expected. Such a move would call the long-term uptrend into question and would be bearish for future price. Support below $200 would be at $193.64 and then at $191.83.
July 25, 2014
09:32 EDTWYNN, MGM, LVSNevada reports June statewide gaming win up 14.4% to $906.9M
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July 24, 2014
10:43 EDTWYNNWynn Resorts August weekly volatility increases into Q2 and Macau outlook
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July 17, 2014
09:40 EDTLVSActive equity options trading on open
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