New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 11, 2013
14:05 EDTCZR, HOT, PENN, WYNN, MGM, BYD, LVSNew Jersey reports February casino win down 12.5% to $212.3M
Atlantic City total casino win was $212.3M in February compared to $242.7M last year, New Jersey's Division of Gaming Enforcement announced. The 12.5% change is partially attributed to there being one less day in February 2013, since last February had 29 days due to the leap year, the division noted.
News For MGM;HOT;LVS;WYNN;CZR;BYD;PENN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
January 27, 2016
16:22 EDTLVSLas Vegas Sands reports Sands Macao Q4 adjusted property EBITDA $51.3M
Sands Macao's adjusted property EBITDA was $51.3M. Non-Rolling Chip drop was $716.4M during the quarter, while slot handle was $661.5M. Rolling Chip volume was $2.7B for the quarter. The property realized 3.18% win on Rolling Chip volume during the quarter, below the 3.57% generated in the year-ago quarter.
16:21 EDTLVSLas Vegas Sands reports Q4 Four Seasons Macao adjusted property EBITDA $65.8M
Subscribe for More Information
16:20 EDTLVSLas Vegas Sands raises quarterly dividend to 72c per share from 65c per share
Las Vegas Sands announced that its next recurring quarterly dividend of 72c per common share will be paid on March 31, to Las Vegas Sands shareholders of record on March 22.
16:16 EDTLVSLas Vegas Sands reports Sands China revenue down 21.7% to $1.66B
Subscribe for More Information
16:15 EDTLVSLas Vegas Sands reports Macao adjusted property EBITDA $575.3M
Subscribe for More Information
16:12 EDTLVSLas Vegas Sands reports hold-normalized adjusted EPS 64c, consensus 65c
Subscribe for More Information
16:11 EDTLVSLas Vegas Sands reports Q4 adjusted EPS 62c, consensus 65c
Subscribe for More Information
14:34 EDTLVSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
14:31 EDTLVSLas Vegas Sands January weekly 42 straddle priced for 4.7% movement into Q4
Subscribe for More Information
14:25 EDTLVSEarnings Watch: Analyst sees 'no surprises' in Las Vegas Sands report
Las Vegas Sands (LVS) is expected to report fourth quarter earnings after the close on Wednesday, January 27, with a conference call scheduled for 4:30 pm ET. Las Vegas Sands is a resort developer with principal operations in Macao, Singapore, and the U.S. EXPECTATIONS: Analysts are looking for earnings per share of 65c on revenue of $2.92B. The consensus EPS range is 61c-72c, while revenue expectations range from $2.84B-$3.02B, according to First Call. LAST QUARTER: On October 21, Sands reported third quarter adjusted earnings per share of 66c versus expectations for 64c, and Q3 revenue of $2.89B against a consensus estimate of $2.97B. Additionally, Las Vegas Sands reported Q3 adjusted property EBITDA of $1.05B, and Q3 Macao adjusted property EBITDA of $536.8M. CEO Sheldon Adelson said at the time, "While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of $1B of adjusted property EBITDA during the quarter and weather this cyclical downturn better than the industry overall. We remain sharply focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model." STREET RESEARCH: Following the Q3 earnings report, on October 27, Las Vegas Sands was initiated with a Buy at Gabelli with a $60 price target. On the same day, the company was downgraded to Equal Weight from Overweight at Barclays with its price target lowered to $45 from $55. Barclays analyst Felicia R. Hendrix said she believed the 2016 gross gaming revenue growth for Macau would be negative given continued VIP and premium mass revenue declines and slower than expected growth in the mass segment. On January 25, Deutsche Bank analyst Carlo Santarelli said in his Q4 preview of Las Vegas Sands that he sees "no major surprises" in the report, adding, "while we believe Q4 earnings are more than likely a supportive to modestly positive catalyst for shares, we expect medium to longer term trading to be largely Macau market sentiment driven." Santarelli has a Hold rating and a $42 price target on Las Vegas Sands shares. PRICE ACTION: Over the last three months, Las Vegas Sands shares have fallen about 12%. In afternoon trading ahead of Wednesday's earnings report, shares are higher by more than 2.5% to $41.95.
14:07 EDTWYNNWynn Resorts says Macau contractor disputes assessment of damages
Subscribe for More Information
10:00 EDTBYDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Airlines (AAL) upgraded to Buy from Neutral at UBS... Armstrong World (AWI) upgraded on valuation at BB&T... Autoliv (ALV) upgraded to Outperform from Neutral at Baird... BHP Billiton (BHP) upgraded to Overweight from Equal Weight at Morgan Stanley... BorgWarner (BWA) upgraded to Outperform from Neutral at Baird... Boyd Gaming (BYD) upgraded on valuation at Sterne Agee CRT... CF Industries (CF) upgraded to Outperform from Underperform at CLSA... Deutsche Boerse (DBOEY) upgraded to Neutral from Underperform at Credit Suisse... Diamond Offshore (DO) upgraded to Neutral from Sell at Clarksons Platou... Exelon (EXC) upgraded to Neutral from Sell at Citi... FCB Financial (FCB) upgraded to Buy from Neutral at Guggenheim... Flushing Financial (FFIC) upgraded to Buy from Hold at Sandler O'Neill... Hawaiian Holdings (HA) upgraded to Buy from Hold at Deutsche Bank... Huntington Bancshares (HBAN) upgraded to Neutral from Underperform at Macquarie... Imperva (IMPV) upgraded to Outperform from Market Perform at JMP Securities... Lockheed Martin (LMT) upgraded to Outperform from Peer Perform at Wolfe Research... McDonald's (MCD) upgraded to Buy from Hold at Argus... Munich Re (MURGY) upgraded to Overweight from Equal Weight at Morgan Stanley... NextEra Energy (NEE) upgraded to Conviction Buy from Buy at Goldman... PG&E (PCG) upgraded to Buy from Neutral at Goldman... Panera Bread (PNRA) upgraded to Buy from Neutral at BTIG... Raptor Pharmaceuticals (RPTP) upgraded to Buy from Neutral at Citi... Siemens (SIEGY) upgraded to Equal Weight from Underweight at Barclays... Sprint (S) upgraded to Perform from Underperform at Oppenheimer... Stryker (SYK) upgraded to Buy from Hold at Brean Capital... Super Micro Computer (SMCI) upgraded to Positive from Neutral at Susquehanna... Talmer Bancorp (TLMR)upgraded to Outperform from Market Perform at Keefe Bruyette... Terex (TEX) upgraded to Neutral from Underweight at JPMorgan... Transocean (RIG) upgraded to Neutral from Sell at Clarksons Platou... Washington Trust (WASH) upgraded to Buy from Neutral at Compass Point... Yara (YARIY) upgraded to Buy from Hold at Berenberg.
08:27 EDTHOT, HOTStarwood downgraded to Underperform from Outperform at CLSA
Subscribe for More Information
07:56 EDTBYDBoyd Gaming upgraded on valuation at Sterne Agee CRT
As noted earlier, Sterne Agee CRT upgraded Boyd Gaming to Buy from Neutral. The firm upgraded the stock on valuation. It says that the 21% decline in Boyd's stock since November was caused by stock market volatility sparked by declining oil prices and potential international weakness. However, it says that Boyd benefits from lower oil prices and has no international exposure. Target $22.
January 26, 2016
13:50 EDTLVSLas Vegas Sands technical notes ahead of earnings
The shares have been in a steady downtrend since the trend began in March 2013. At the current price of $40, the stock would need to take out the $45 area on the upside to break the current downtrend. This would be a technical positive and bullish for future price. Next resistance would be at $47.42. If the news continues to be bearish, the downtrend is likely to extend. First support below $40 is at $38.32. Thereafter support is at $36.77 and the 52-week low at $34.88.
09:57 EDTLVSJanuary weekly straddle priced for % movement.
Subscribe for More Information
09:03 EDTHOTStarwood, TripAdvisor announce new instant booking partnership
Starwood Hotels & Resorts Worldwide (HOT) and TripAdvisor (TRIP) have partnered to make Starwood's global hotel portfolio accessible on the TripAdvisor instant booking platform.
January 25, 2016
09:53 EDTWYNNWynn Resorts rises after Steve Wynn buys shares
Shares of Wynn Resorts are rising in early trading after a regulatory filing from late Friday night showed that Chairman and CEO Steve Wynn, via the Wynn Family Limited Partnership, acquired 572,850 shares of the company's common stock at average prices between $53.21 and $59.19 in multiple transactions on January 20-22. In early trading Monday morning, Wynn Resorts shares gained 6.5% to $63.01.
08:32 EDTHOTStarwood signed 92 hotel deals in 2015, up 44% y/y
Subscribe for More Information
08:18 EDTHOTStarwood says St. Regis to debut on Dubai's Palm Jumeirah
Subscribe for More Information
1 | 2 >>

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