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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:37 EDTLVS, WYNN, MPEL, MGMMacau sector oversold following pullback, says Citigroup
To reflect a significantly lower VIP growth estimate, Citi cut its 2014 Macau GGR estimate to 13% from 22%. The firm, however, says the large cut only impacts its 2014 EBITDA estimate by 3% on average, since the VIP business is low margin. Citi believes the sell-off in the Macau sector is overdone and still views Melco Crown (MPEL) as its top pick in the space. The firm also has Buy ratings on Las Vegas Sands (LVS), MGM Resorts (MGM) and Wynn Resorts (WYNN). It lowered its price target on the latter to $255 from $277.
News For MPEL;LVS;MGM;WYNN From The Last 14 Days
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July 2, 2015
12:11 EDTWYNN, MPEL, MGM, LVSJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTWYNN, MPEL, MGM, LVSUBS 'constructive' on Macau names after restrictions eased
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08:29 EDTWYNN, LVS, MPEL, MGMUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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10:01 EDTMPELMelco Crown breaks downtrend resistance, levels to watch
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06:48 EDTMPEL, MGM, LVS, WYNNMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMGM, LVS, WYNN, MPELMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTLVS, MPEL, WYNN, MGMMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMPEL, MGM, LVS, WYNNMacau appears to re-lengthen visas to 7 days, says Brean Capital
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10:01 EDTMPELHigh option volume stocks
High option volume stocks: DEO PE BPOP PNR JUNO OFG CMPR MPEL
10:00 EDTMPELMelco Crown spikes higher, levels to watch
The stock is up over 7.5% to $19.25 at time of writing on very heavy volume. At current price next resistance is at $19.39, the session high, and then $19.90, the 50-day moving average. The 50-day is a good proxy for a downtrend resistance line and a break above it would be bullish. Support is at $18.98.
09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
June 26, 2015
09:32 EDTWYNN, MGM, LVSNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 19, 2015
07:38 EDTWYNN, MPEL, MGM, LVSMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).

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