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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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September 1, 2015
07:03 EDTLVSMacau reports August casino revenue down 35.5% to 18.62B patacas
Information on monthly gross revenue from games of fortune published on Macau government website. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 28, 2015
09:34 EDTLVSNevada reports July statewide gaming win down 0.96% to $922.89M
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August 21, 2015
16:01 EDTLVSOptions Update; August 21, 2015
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07:17 EDTLVSMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTLVSMacau GGR poised to sink 37% in August, says Bernstein
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