New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on LVS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2014
09:32 EDTLVSNevada reports July statewide gaming win up 0.65% to $931.8M
Subscribe for More Information
August 26, 2014
07:26 EDTLVSMacau estimates lowered at Morgan Stanle
Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
05:50 EDTLVSLas Vegas Sands receives construction permit for Parisian Macao
Las Vegas Sands announced that the company has received the government permit needed for construction on the $2.7B Parisian Macao to resume this week. The company said additional permits will be necessary as the development continues, but after undergoing a brief work stoppage, this approval enables work on the critical podium structure to restart immediately.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use