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Stock Market & Financial Investment News

News Breaks
June 3, 2014
08:52 EDTLVS, WYNN, MPEL, MGMVolatility in Macau shares should create buying opportunity, says Sterne Agee
After Macau's May gross gaming revenue came in below expectations, Sterne Agee thinks the miss was due to a low hold and low VIP volume. The firm believes that June results for Macau could be choppy due to a tough comp and the World Cup, but it remains upbeat on Macau's longer term outlook. In order of preference, the firm recommends buying Melco Crown (MPEL), Las Vegas Sands (LVS), MGM Resorts (MGM), and Wynn Resorts (WYNN).
News For MPEL;LVS;MGM;WYNN From The Last 14 Days
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March 19, 2015
13:30 EDTWYNNWynn Resorts rallies with peers, levels to watch
The stock was last at $128.90, just off the high of the day at $129.12. At current price, next resistance is at $130.96. Given the sharp decline in price over the last year, there is a great deal of technical damage to repair. It would take a move above the 50-day moving average, last at $144.87, to turn the shares back to bullish. Support is at $126.63.
13:00 EDTMGM, MPEL, LVS, WYNNCasino operators jump after analyst starts with Buy ratings
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10:02 EDTWYNN, MPEL, MGM, LVSOn The Fly: Analyst Initiation Summary
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09:37 EDTWYNNActive equity options trading on open
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March 18, 2015
16:24 EDTWYNNWynn Resorts initiated with a Buy at Brean Capital
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16:23 EDTLVSLas Vegas Sands initiated with a Buy at Brean Capital
Target $65.
16:23 EDTMGMMGM Resorts initiated with a Buy at Brean Capital
Target $27.
16:23 EDTMPELMelco Crown initiated with a Buy at Brean Capital
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16:00 EDTMGMOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
10:00 EDTMGM, LVS, WYNNOn The Fly: Analyst Downgrade Summary
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09:13 EDTMGMMGM Resorts potential REIT conversion would unlock value, says Morgan Stanley
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08:28 EDTLVS, LVSLas Vegas Sands downgraded to Outperform from Buy at CLSA
CLSA downgraded Las Vegas Sands to Outperform and lowered its price target to $60 from $80 as part of Macau sector downgrade to reflect disappointing run rates year-to-date and expectations for more negative newsflow. See sector note for further information.
08:28 EDTWYNN, WYNNWynn Resorts downgraded to Outperform from Buy at CLSA
CLSA downgraded Wynn Resorts to Outperform and lowered its price target to $140 from $264 as part of Macau sector downgrade to reflect disappointing run rates year-to-date and expectations for more negative newsflow. See sector note for further information.
08:28 EDTMGM, MGMMGM Resorts downgraded to Outperform from Buy at CLSA
CLSA downgraded MGM Resorts to Outperform and lowered its price target to $25 from $29 as part of Macau sector downgrade to reflect disappointing run rates year-to-date and expectations for more negative newsflow. See sector note for further information.
08:24 EDTWYNN, WYNN, MGM, MGM, LVS, LVSMacau sector downgraded at CLSA
CLSA downgraded the Macau sector given disappointing run rates year-to-date and expectations for more negative newsflow. The firm said the anti-corruption campaign continues to pressure VIP and premium mass customer visits. CLSA now expects 2015 EBITDA growth of -26%, lowered its view of VIP growth to -32% from -14%, reduced mass growth to -17% from -2%, and now expects new Cotai projects ROIC to average only +18, down from +35% previously. As part of the sector view change, the firm downgraded Las Vegas Sands (LVS), MGM Resorts (MGM), and Wynn Resorts (WYNN) to Outperform from Buy.
05:55 EDTMGMStocks with implied volatility movement; MGM CY
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March 17, 2015
16:26 EDTMGMOn The Fly: Closing Wrap
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16:00 EDTMGMOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
10:11 EDTMGMMGM Resorts trades sharply higher as activist suggests REIT conversion
Land and Buildings laid out a proposal to unlock value in the shares by pursuing a REIT conversion at MGM Resorts. At the current price of $21.36, the stock is up over 8.6%. Resistance initially is at the session high at $21.50, and then at $21.76. Support is at the 50-day moving average at $20.73.
09:25 EDTMGMLand and Buildings proposes REIT conversion for MGM Resorts
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