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Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:01 EDTMPELMelco Crown volatility elevated as shares trade near ten-month low
Melco Crown July call option implied volatility is at 51, October is at 47; compared to its 26-week average of 39 according to Track Data, suggesting large near term price movement.
News For MPEL From The Last 14 Days
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February 26, 2015
08:29 EDTMPELDeutsche 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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07:30 EDTMPELMelco Crown downgraded to Neutral from Outperform at Credit Suisse
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February 24, 2015
09:52 EDTMPELMacau to review mainland’s individual visit scheme, Macau Business Daily says
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