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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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February 27, 2015
09:35 EDTLVSNevada reports January statewide gaming win up 7.75% to $952.7M
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February 26, 2015
08:29 EDTLVSDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
February 25, 2015
09:36 EDTLVSActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
February 24, 2015
09:52 EDTLVSMacau to review mainland’s individual visit scheme, Macau Business Daily says
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