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Stock Market & Financial Investment News

News Breaks
June 10, 2014
10:29 EDTLVSLas Vegas Sands falls, major bearish pattern close to triggering
The stock is down another 2% today following a downgrade at UBS to Neutral and a price target cut to $79 from $88. The firm cited a slowdown in VIP spending in Macau as a reason for the recommendation change. At the current price of $71.38, there is a large potential bearish price pattern close to triggering. That pattern is a complex, multi-shouldered, head and shoulders top. The neckline for the pattern is at the $71 area, and has already triggered if looking at a chart on a closing basis only. The pattern has downside potential to the $55 area. Resistance is currently at $73.18. It would take a move above one of the shoulders at the $77 area to void the pattern.
News For LVS From The Last 14 Days
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July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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06:48 EDTLVSMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTLVSMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTLVSMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTLVSMacau appears to re-lengthen visas to 7 days, says Brean Capital
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June 26, 2015
09:32 EDTLVSNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 19, 2015
07:38 EDTLVSMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).

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