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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:15 EDTMPELMelco Crown falls, levels to watch
Price was last at $37.01, down over 6.7%. The move down this morning decisively breaks uptrend line support at the 50-day moving average, last at $39.21. This is intermediate-term price bearish. At current price, next support is at $36.11. Resistance is at $38.16.
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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