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Stock Market & Financial Investment News

News Breaks
June 11, 2014
11:45 EDTMPEL, LVS, MGM, WYNNMacau stocks rise after analyst calls sell-off excessive
Shares of companies that operate casinos in the Chinese region of Macau are advancing after Credit Suisse wrote that the recent sell-off in the stocks has been excessive. WHAT'S NEW: Investors have been concerned about decelerating revenue from the most prolific gamblers in Macau, commonly known as VIPs, Credit Suisse analyst Isis Wong wrote. However, Wong reported that other customers account for 60% of Macau casinos' earnings, adding that the non-VIP segment is still growing strongly, registering 36% growth so far this year. Additionally, the stocks' drop so far this month implies that investors are expecting the casinos' VIP revenue to tumble 25%, in-line with the drop in the wake of the financial crisis in the first half of 2009, according to Wong, who indicated that she thinks this scenario is unrealistic. Moreover, the average daily revenue of Macau casinos has actually been "very steady" over the past few months, the analyst stated. PRICE ACTION: In late morning trading, Melco Crown (MPEL) advanced 4% to $32, Wynn Reports (WYNN) rose 1.5% to $200, MGM Resorts (MGM) advanced 1.5% to $25, and Las Vegas Sands (LVS) gained 1% to $74.
News For MPEL;LVS;MGM;WYNN From The Last 14 Days
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July 28, 2014
13:12 EDTWYNNWynn Resorts technical comments before results
In the past three months shares have performed in line with broader averages. The trading range has been well-defined with it largely contained between a low at $200 and a high at $220. At the current price of $210.09, the stock is in the middle of that range. The trading range bounds will be important presuming that there is sufficiently strong news, positive or negative, to move through them. It is possible that more or less neutral results and guidance will keep the current range intact. If news is better than expected, a move above $220 could be expected. Resistance above is at $227.46 and $229.65. On weaker results and guidance, a move below $200 could be expected. Such a move would call the long-term uptrend into question and would be bearish for future price. Support below $200 would be at $193.64 and then at $191.83.
July 25, 2014
09:32 EDTWYNN, MGM, LVSNevada reports June statewide gaming win up 14.4% to $906.9M
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July 24, 2014
10:43 EDTWYNNWynn Resorts August weekly volatility increases into Q2 and Macau outlook
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July 21, 2014
05:54 EDTMPELStocks with implied volatility movement; MPEL MCP
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July 18, 2014
12:59 EDTMPELMelco Crown July weekly & August calls active
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July 17, 2014
09:40 EDTLVSActive equity options trading on open
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July 16, 2014
18:26 EDTLVSOn The Fly: After Hours Movers
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16:08 EDTLVSLas Vegas Sands down 2.9% after reporting weaker than expected Q2 results
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16:02 EDTLVSLas Vegas Sands reports Q2 adjusted EPS 85c, consensus 90c
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15:27 EDTLVSNotable companies reporting after market close
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13:16 EDTLVSLas Vegas Sands July 75 straddle priced for 3.4% move into Q2
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