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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:30 EDTMPELMelco Crown shares cheapest among Macau names, says Citigroup
Citigroup says shares of Melco Crown are the cheapest in the Macau gaming space trading at 25% discount to the sector. Citi lowered its 2014 Macau GGR growth forecast to 13% from 22%, but only drops its 2014-2016 earnings estimates for Melco Crown by 1%-4%. The firm calls Melco its top pick in Macau and keeps a Buy rating on the name with a $55 price target.
News For MPEL From The Last 14 Days
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November 14, 2014
12:53 EDTMPELOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
November 13, 2014
08:56 EDTMPELMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
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