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Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:35 EDTLVS, WYNN, MGM, MPELMacau Gaming sector sell-off overdone, says Credit Suisse
Credit Suisse said concerns of declerating VIP revenue growth adn recent negative news flow has created weakness in the Macau Gaming sector that is overdone and more than priced in the negatives.
News For MPEL;WYNN;LVS;MGM From The Last 14 Days
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March 5, 2015
10:05 EDTMPELOn The Fly: Analyst Downgrade Summary
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07:23 EDTMGM, LVSJPMorgan to hold a forum
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06:42 EDTMPELMelco Crown downgraded to Neutral from Overweight at HSBC
HSBC downgraded Melco Crown to Neutral due to valuation, weak weakening fundamentals, and negative catalysts from a disappointment in Galaxy's opening in May, a full smoking ban in 2H 2015, and negative newsflow on the review of restricting the Individual Visitors Scheme. Price target lowered to $25.10 from $28.
06:27 EDTWYNN, LVSWynn Resorts called top U.S. gaming stock at Citigroup
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06:23 EDTLVS, MGM, WYNNLas Vegas Sands the most defensive large-cap gaming stock, says Citigroup
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March 3, 2015
06:44 EDTLVS, MGM, WYNNMacau gambling revenue fell 49% in February, NY Times reports
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06:43 EDTWYNN, MPEL, LVS, MGMMacau reports February casino revenue down 48.6% to 19.54B patacas
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February 27, 2015
09:35 EDTLVS, MGM, WYNNNevada reports January statewide gaming win up 7.75% to $952.7M
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09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
February 26, 2015
08:29 EDTLVS, MPEL, MGM, WYNNDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
February 25, 2015
10:01 EDTMPELOn The Fly: Analyst Downgrade Summary
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09:36 EDTLVS, MGMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
07:30 EDTMPELMelco Crown downgraded to Neutral from Outperform at Credit Suisse
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February 24, 2015
16:42 EDTWYNNOn The Fly: Closing Wrap
Stocks on Wall Street began the day almost unchanged as investors awaited the testimony from Federal Reserve Chair Janet Yellen before a Senate panel. Following her prepared remarks, which suggested the central bank will not rush to raise interest rates, buyers stepped in to push the market higher. The Dow moved to all-time highs, as did the S&P, while the Nasdaq extended its most recent streak that saw the index close higher for nine consecutive sessions for the first time that has happened since 2009. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen stated in prepared testimony to Congress that the central bank considers it "unlikely" that economic conditions will warrant an increase in the target range for the federal funds rate for "at least the next couple" of FOMC meetings. Yellen also said that while the drop in oil prices will have negative effects on energy producers and will probably result in job losses in this sector, it will likely be a significant overall net positive for the U.S. economy. The S&P Case-Shiller 20-city house price index reported a seasonally adjusted monthly increase of 0.9%, versus expectations for an increase of 0.6%. Markit's services PMI for February came in at 57.0, versus consensus of 54.5. The Conference Board consumer confidence index declined in February to 96.4, which was down from last month's revised 103.8 figure and below the consensus 99.5 forecast. The Richmond Fed manufacturing index for February came in at 0, versus the consensus expectation for a reading of 6. In Europe, eurozone finance ministers approved Greece's reform proposals and extended the country's bailout program by four more months. COMPANY NEWS: Home Depot (HD) advanced $4.47, or 3.98%, to $116.75 after the Dow member's earnings beat expectations. The home improvement giant also hiked its quarterly dividend by 26% and authorized an $18B share repurchase program. MAJOR MOVERS: Among the notable gainers was SunPower (SPWR), which rose $5.00, or 17.99%, to $32.80 after its quarterly results topped expectations and the company announced that its in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar shares also advanced $5.06, or 10.19%, to $54.70 during the session, though its shares are fractionally lower in after-hours trading after the company issued its own earnings report. Among the noteworthy losers was Rosetta Resources (ROSE), which fell $3.29, or 15.04%, to $18.58 after its weaker than expected Q4 report and lowered guidance was followed by at least five analyst downgrades of its stock. Also lower were shares of Wynn Resorts (WYNN), which slid $7.33, or 4.75%, to $147.00 after reports indicated that Macau's government views overcrowding from tourists as a serious problem and plans to review the mainland’s individual visit scheme with authorities after Chinese New Year. INDEXES: The Dow rose 92.35, or 0.51%, to 18,209.19, the Nasdaq gained 7.15, or 0.14%, to 4,968.12, and the S&P 500 added 5.82, or 0.28%, to 2,115.48.
09:52 EDTMGM, MPEL, WYNN, LVSMacau to review mainland’s individual visit scheme, Macau Business Daily says
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February 23, 2015
07:46 EDTWYNNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link

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