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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:58 EDTMPEL, WYNN, LVSCasino stocks fall on Macau worries
Several stocks of casino owners with facilities in Macau are dropping, after The U.K. Times reported earlier this week that China will "crack down" on Chinese companies that bring wealthy people to the gambling mecca. China is looking to stem the money laundering that occurs in Macau, and the changes will start in late February, the newspaper reported. In a note to investors earlier today, however, Sterne Agee analyst David Bain wrote that the Chinese government's initiative is unlikely to have a long-term impact on stocks. After speaking with sources on the region, Bain wrote that his contacts expect the government's moves to be "almost symbolic." The crackdown will only affect visits to Macau by wealthy Chinese citizens "on the margins," the analysts quotes his sources as saying. China is unlikely to launch major enforcement actions against money laundering, since doing so could destabilize the country's economy, wrote Bain. In early trading, Las Vegas Sands (LVS) fell 2% to $53.57, Wynn (WYNN) gave back 3% to $122, and Melco Crown (MPEL) tumbled 4.5% to $19.70.
News For LVS;WYNN;MPEL From The Last 14 Days
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July 2, 2015
12:11 EDTWYNN, MPEL, LVSJPMorgan 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 EDTWYNN, MPEL, LVSUBS 'constructive' on Macau names after restrictions eased
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08:29 EDTMPEL, LVS, WYNNUBS 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).
July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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10:01 EDTMPELMelco Crown breaks downtrend resistance, levels to watch
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06:48 EDTWYNN, MPEL, LVSMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMPEL, WYNN, LVSMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTLVS, WYNN, MPELMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMPEL, WYNN, LVSMacau 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.
09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
June 26, 2015
09:32 EDTWYNN, LVSNevada reports May Statewide gaming win up 3.33% to $1.0B
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