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Stock Market & Financial Investment News

News Breaks
August 6, 2014
15:18 EDTMPELMelco Crown technical remarks ahead of earnings
In the prior three months the shares have broadly underperformed the broader averages, falling over 16% including today's drop in price. The move today has put the shares right at the $30 area, which is critical for the longer-view technical health of the shares. While there has been a sharp decline from peak price earlier this year at $45.70, a breakdown below $30 would turn the long-term trend to bearish. If there is negative news, particularly concerning Macau operations where the company is heavily focused, the shares could fall further. Next support below $30 would be at $28,74, $26.53, and $25.53 which is the 52-week low. If the news is better than expected, resistance levels to watch as potential upside objectives would be at $31.97, $35.31, and $36.84. There is a minimal short-base in the name which could exacerbate downside in the event that news is more negative than anticipated.
News For MPEL From The Last 14 Days
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March 25, 2015
09:40 EDTMPELBernstein global gaming analyst holds analyst/industry conference call
Global Gaming Analyst Umansky discusses initiation on the global gaming industry, focusing on Macau and Singapore, with rating of Outperform for MPEL, Genting Singapore and Sands China and a Market Perform rating for Galaxy Entertainment, MGM China, Wynn Macau and SJM Holdings on an Analyst/Industry conference call to be held on March 30 at 10 am.
March 23, 2015
10:01 EDTMPELOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allied World (AWH) initiated with a Market Perform at Keefe Bruyette... Capnia (CAPN) initiated with a Buy at Maxim... Catamaran (CTRX) initiated with a Buy at Mizuho... CyberArk (CYBR) initiated with a Buy at BofA/Merrill... Inotek Pharmaceuticals (ITEK) initiated with a Buy at Canaccord... Kinder Morgan (KMI) initiated with a Buy at Argus... MGM China (MCHVF) initiated with a Market Perform at Bernstein... Maxim Integrated (MXIM) initiated with a Buy at Summit Research... Melco Crown (MPEL) initiated with an Outperform at Bernstein... Microsemi (MSCC) initiated with an Outperform at BMO Capital... Sands China (SCHYY) initiated with an Outperform at Bernstein... Tetraphase (TTPH) initiated with a Buy at Nomura... Vista Outdoor (VSTO) initiated with a Sector Weight at KeyBanc... Wynn Macau (WYNMF) initiated with a Market Perform at Bernstein.
07:39 EDTMPELMelco Crown initiated with an Outperform at Bernstein
Target $32.
March 19, 2015
13:00 EDTMPELCasino operators jump after analyst starts with Buy ratings
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10:02 EDTMPELOn The Fly: Analyst Initiation Summary
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March 18, 2015
16:23 EDTMPELMelco Crown initiated with a Buy at Brean Capital
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March 16, 2015
10:02 EDTMPELOn The Fly: Analyst Downgrade Summary
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08:04 EDTMPELMelco Crown downgraded to Equal Weight from Overweight at Morgan Stanley
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