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Stock Market & Financial Investment News

News Breaks
December 11, 2012
10:34 EDTMPEL, LVSMelco, Las Vegas Sands gain after analyst says Macau doing well
Melco Crown Entertainment (MPEL) and Las Vegas Sands (LVS), which both operate casinos on the Chinese island of Macau, are advancing after research firm Sterne Agee wrote that Macau gaming revenues have been higher than expected so far this month. In a note to investors earlier today, Sterne Agee analyst David Balu wrote that Macau gross gaming revenue, or GGR, increased 27% during the first ten days of December, compared with the same period in 2011. Balu had previously expected Macau's GGR to rise just 11% in December, and he now anticipates that GGR will rise 16% this month. Several factors are contributing to Macau's strong performance, including less restrictive visa requirements, improvements in China's economy, and the strengthening of China's currency, the analyst wrote. Meanwhile, other firms are likely to increase their Macau revenue estimates for 2013, Balu believes. He maintained Buy ratings on both Melco Crown and Las Vegas Sands. In mid-morning trading, Melco climbed 34c, or 2.26%, to $15.62 and Las Vegas Sands rose $1.00, or 2.30%, to $44.56.
News For MPEL;LVS From The Last 14 Days
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August 13, 2014
13:57 EDTLVSNJ reports Atlantic City July gaming win down 7.7% to $274.3M
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07:39 EDTLVSBofA/Merrill lowers Macau forecasts
BofA/Merrill lowered its 2014 Macau gross gaming revenue forecast to +5% year-over-year from +12% due to a slowdown in July mass trends. As a result, the firm lowered Las Vegas Sands' (LVS) price target to $88 from $95 and Wynn Resorts' (WYNN) to $260 from $270.
August 8, 2014
07:16 EDTLVSBarclays remains bullish on Macau gaming stocks
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August 7, 2014
16:00 EDTLVSOptions Update; August 7, 2014
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12:09 EDTLVSStocks with call strike movement; GMCR LVS
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10:00 EDTLVSOn The Fly: Analyst Upgrade Summary
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09:22 EDTLVSLas Vegas Sands upgraded at Craig-Hallum
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09:08 EDTMPELOn The Fly: Pre-market Movers
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08:58 EDTMPELMelco Crown announces $500M share repurchase program
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08:58 EDTMPELMelco Crown reports Taiwan branch office indicted for alleged banking violations
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08:25 EDTMPELMelco Crown reports Q2 EPS 26c, consensus 36c
Reports Q2 revenue $1.19B, consensus $1.3B.
07:38 EDTLVSLas Vegas Sands upgraded to Buy from Hold at Craig-Hallum
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06:02 EDTLVSStocks with implied volatility movement; LVS YOKU
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