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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:58 EDTLVS, MPEL, WYNNCasino 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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January 28, 2015
16:24 EDTLVSLas Vegas Sands up 2.7% after reporting Q4 results, dividend increase
16:14 EDTLVSLas Vegas Sands raises Q1 dividend to 65c per share from 50c per share
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16:04 EDTLVSLas Vegas Sands reports Q4 adjusted EPS 92c, consensus 81c
Reports Q4 revenue $3.42B, consensus $3.51B.
15:37 EDTLVSNotable companies reporting after market close
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15:25 EDTLVSLas Vegas Sands January weekly 56 straddle priced for 4.3% movement into Q4
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14:22 EDTLVSLas Vegas Sands technical notes ahead of earnings
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08:17 EDTLVSLas Vegas Sands volatility elevated into Q4 and outlook
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January 26, 2015
10:00 EDTMPELOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Axle (AXL) upgraded to Overweight from Neutral at JPMorgan... Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer... DRDGOLD (DRD) upgraded to Neutral from Underweight at JPMorgan... DealerTrack (TRAK) upgraded to Buy from Hold at Stifel... DreamWorks Animation (DWA) upgraded to Buy from Neutral at B. Riley... First Niagara (FNFG) upgraded to Buy from Hold at Jefferies... Fortinet (FTNT) upgraded to Buy from Neutral at Citigroup... Garmin (GRMN) upgraded at RBC Capital... Harmony Gold (HMY) upgraded to Overweight from Neutral at JPMorgan... Invesco (IVZ) upgraded to Positive from Neutral at Susquehanna... Kansas City Southern (KSU) upgraded at Raymond James... McDonald's (MCD) upgraded to Overweight from Equal Weight at Stephens... Melco Crown (MPEL) upgraded to Buy from Hold at Union Gaming... Monro Muffler (MNRO) upgraded to Neutral from Reduce at SunTrust... Pier 1 Imports (PIR) upgraded to Outperform from Perform at Oppenheimer... Piper Jaffray (PJC) upgraded to Neutral from Underperform at Macquarie... Randgold (GOLD) upgraded to Overweight from Neutral at JPMorgan... Rockwell Collins (COL) upgraded to Buy from Hold at Argus... Telefonica (TEF) upgraded to Neutral from Underperform at BofA/Merrill... Triumph Group (TGI) upgraded at RBC Capital... Unilever (UL) upgraded to Buy from Underperform at BofA/Merrill... WWE (WWE) upgraded to Neutral from Underperform at Macquarie.
08:17 EDTMPELMelco Crown upgraded to Buy from Hold at Union Gaming
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January 23, 2015
08:20 EDTLVSSands China names Sheldon Adelson as CEO
The board of directors of Sands China Ltd. announced that: (A) Sheldon Gary Adelson, the Chairman and a non-executive director of the company, will be appointed as the CEO of the company and re-designated as an executive director of the company, in each case, with effect from March 6. After the appointment and re-designation, Adelson will be the Chairman, the CEO and an Executive Director of the company; (B) Robert Glen Goldstein, a Non-Executive Director, will be appointed as the Interim President and re-designated as an Executive Director of the company, in each case, with effect from March 6. After the appointment and re-designation, Goldstein will be the Interim President and an Executive Director of the company; and (C) Goldstein will also be appointed as a member of the CAPEX Committee with effect from March 6.
January 22, 2015
10:03 EDTWYNN, LVSOn the Fly: Analyst Initiation Summary
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09:43 EDTLVSActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
08:17 EDTWYNNWynn Resorts initiated with a Buy at Union Gaming Research
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08:17 EDTLVSLas Vegas Sands initiated with a Buy at Union Gaming Research
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January 21, 2015
10:01 EDTWYNN, LVSOn The Fly: Analyst Downgrade Summary
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07:55 EDTLVSLas Vegas Sands downgraded to Neutral from Buy at Nomura
Nomura downgraded Las Vegas Sands to Neutral to reflect lower Macau EBITDA forecasts following Beijing's tightening and enforcing of travel and capital flow regulations. The Price target lowered to $54 from $70.
07:55 EDTWYNNWynn Resorts downgraded to Neutral from Buy at Nomura
Nomura downgraded Wynn Resorts to Neutral to reflect lower Macau EBITDA forecasts following Beijing's tightening and enforcing of travel and capital flow regulations. The Price target lowered to $149 from $209.
January 20, 2015
17:24 EDTWYNNWynn Resorts decreases base salary of CEO Stephen Wynn
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January 18, 2015
16:07 EDTWYNN, MPEL, LVSMacau junket operator reduces operations, Bloomberg says
As China’s anti-graft drive reduces customer traffic in Macau, David Group, a junket operator that serves higher-spending casino customers, is closing some rooms in the city, says Bloomberg. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
January 16, 2015
06:18 EDTLVSSands China CEO Edward Tracy to retire, effective March 6
he board of directors of Sands China Ltd. announces the retirement of Edward Matthew Tracy as President and CEO of the company, a director of the company, a member of the Sands China Capital Expenditure Committee, and a director of various subsidiaries of the company, in each case, with effect from March 6. Tracy has decided to retire. He will be engaged by the company as a consultant from March 7. Tracy will continue to work with the senior management team during the transition and consultancy. Tracy has confirmed that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the shareholders of the company in respect of his retirement. It is proposed that the Nomination Committee of the Board will meet on January 23 and, in accordance with its terms of reference, consider candidates and make recommendations to the Board on the appointment of a new CEO.
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