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Stock Market & Financial Investment News

News Breaks
March 14, 2013
10:57 EDTMPELMelco Crown, Belle Corp finalize $1B partnership, Macau Business reports
Melco Crown (MPEL) and Philippine group Belle Corp have formed a partnership for a $1B gaming complex at Manila Bay, Macau Business reports. This will be Melco Crown's first venture outside of Macau, and the company will be responsible for operating the casino resort. Reference Link
News For MPEL From The Last 14 Days
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September 18, 2014
06:47 EDTMPELMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 16, 2014
13:52 EDTMPELMacau casino owners drop after negative note from analyst
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11:22 EDTMPELMorgan Stanley sees negative revisions to Macau consensus estimates
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