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Stock Market & Financial Investment News

News Breaks
November 16, 2012
07:45 EDTMGM, PENNMGM Resorts volatility low; Penn National Gaming REIT spin-off to unlock value
MGM Resorts (MGM)overall option implied volatility of 42 is below its 26-week average of 44 according to Track Data, suggesting decreasing price movement as shares rally in the premarket on Penn National Gaming (PENN) plan to separate its gaming operating assets and real property assets into two publicly traded companies.
News For MGM;PENN From The Last 14 Days
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January 26, 2015
08:41 EDTPENNRegional gaming outlook has improved, says Wells Fargo
Wells Fargo is more upbeat on regional gaming stocks, citing improving same-store trends within the sector, significantly lower gas prices which the firm thinks could boost regional gaming companies, and a slowdown in supply growth within the sector. The firm also cited improving casual dining trends, which it says are highly correlated with regional gaming trends, as a reason for its increased optimism. It keeps Outperform ratings on Churchill Downs (CHDN), Gaming and Leisure (GLPI), and Penn National (PENN).
January 22, 2015
10:03 EDTMGMOn the Fly: Analyst Initiation Summary
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08:17 EDTMGMMGM Resorts initiated with a Buy at Union Gaming Research
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January 21, 2015
07:19 EDTPENNPenn National long trade in 'early innings,' says Deutsche Bank
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January 20, 2015
16:00 EDTMGMOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
January 18, 2015
16:07 EDTMGMMacau junket operator reduces operations, Bloomberg says
As China’s anti-graft drive reduces customer traffic in Macau, David Group, a junket operator that serves higher-spending casino customers, is closing some rooms in the city, says Bloomberg. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
January 14, 2015
14:02 EDTMGM, PENNNew Jersey reports Atlantic City gaming win down 11.2% to $190.5M in December
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January 13, 2015
08:52 EDTPENNPenn National price target raised to $17 from $14.50 at FBR Capital
FBR raised its estimates and price target for Penn National Gaming after its analysis of monthly regional data points indicated potential upside in Q4. The firm says it remains it remains a buyer of the stock with an Outperform rating.

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