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Stock Market & Financial Investment News

News Breaks
May 28, 2014
09:33 EDTCZR, LVS, MGM, WYNN, BYDNevada reports April Statewide gaming win down 0.27% to $852M
Nevada reports Las Vegas Strip gaming win up 3.19% to $462.92M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM) and Wynn Resorts (WYNN).
News For WYNN;LVS;BYD;MGM;CZR From The Last 14 Days
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February 27, 2015
09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
February 26, 2015
08:29 EDTWYNN, LVS, MGMDeutsche 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
14:07 EDTCZRCaesar's April calls active into Q4 and outlook
Caesar's April 13 calls are active on total volume of 11K contracts compares to its open interest of zero contracts according to Track Data. Active call volume suggests traders taking positions into the expected release of Q4 results on March 2.
09:36 EDTLVS, MGMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
February 24, 2015
16:42 EDTWYNNOn The Fly: Closing Wrap
Stocks on Wall Street began the day almost unchanged as investors awaited the testimony from Federal Reserve Chair Janet Yellen before a Senate panel. Following her prepared remarks, which suggested the central bank will not rush to raise interest rates, buyers stepped in to push the market higher. The Dow moved to all-time highs, as did the S&P, while the Nasdaq extended its most recent streak that saw the index close higher for nine consecutive sessions for the first time that has happened since 2009. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen stated in prepared testimony to Congress that the central bank considers it "unlikely" that economic conditions will warrant an increase in the target range for the federal funds rate for "at least the next couple" of FOMC meetings. Yellen also said that while the drop in oil prices will have negative effects on energy producers and will probably result in job losses in this sector, it will likely be a significant overall net positive for the U.S. economy. The S&P Case-Shiller 20-city house price index reported a seasonally adjusted monthly increase of 0.9%, versus expectations for an increase of 0.6%. Markit's services PMI for February came in at 57.0, versus consensus of 54.5. The Conference Board consumer confidence index declined in February to 96.4, which was down from last month's revised 103.8 figure and below the consensus 99.5 forecast. The Richmond Fed manufacturing index for February came in at 0, versus the consensus expectation for a reading of 6. In Europe, eurozone finance ministers approved Greece's reform proposals and extended the country's bailout program by four more months. COMPANY NEWS: Home Depot (HD) advanced $4.47, or 3.98%, to $116.75 after the Dow member's earnings beat expectations. The home improvement giant also hiked its quarterly dividend by 26% and authorized an $18B share repurchase program. MAJOR MOVERS: Among the notable gainers was SunPower (SPWR), which rose $5.00, or 17.99%, to $32.80 after its quarterly results topped expectations and the company announced that its in advanced talks to form a joint YieldCo vehicle with peer First Solar (FSLR). First Solar shares also advanced $5.06, or 10.19%, to $54.70 during the session, though its shares are fractionally lower in after-hours trading after the company issued its own earnings report. Among the noteworthy losers was Rosetta Resources (ROSE), which fell $3.29, or 15.04%, to $18.58 after its weaker than expected Q4 report and lowered guidance was followed by at least five analyst downgrades of its stock. Also lower were shares of Wynn Resorts (WYNN), which slid $7.33, or 4.75%, to $147.00 after reports indicated that Macau's government views overcrowding from tourists as a serious problem and plans to review the mainland’s individual visit scheme with authorities after Chinese New Year. INDEXES: The Dow rose 92.35, or 0.51%, to 18,209.19, the Nasdaq gained 7.15, or 0.14%, to 4,968.12, and the S&P 500 added 5.82, or 0.28%, to 2,115.48.
09:52 EDTWYNN, MGM, LVSMacau to review mainland’s individual visit scheme, Macau Business Daily says
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February 23, 2015
07:46 EDTWYNNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
February 20, 2015
10:30 EDTBYDOptions with decreasing implied volatility
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February 18, 2015
09:55 EDTMGMMGM Resorts likelihood of REIT restructuring low, says Sterne Agee
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08:16 EDTCZRCaesar's receives demand for payment of $3.68B guaranteed obligations
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February 17, 2015
18:06 EDTMGMPaulson & Co gives quarterly update on stakes
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17:50 EDTMGMMGM Resorts CEO says unclear about Macau in short term
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17:47 EDTMGMMGM Resorts CEO says owns more Las Vegas real estate 'than anybody'
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16:00 EDTMGMOptions Update; February 17, 2015
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12:15 EDTMGMMGM Resorts rises as REIT discussed on earnings call
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11:54 EDTMGMMGM Resorts says exploring REIT structure
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08:07 EDTMGMMGM China board to recommend final 2014 dividend of $120M
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08:06 EDTMGMMGM Resorts reports Q4 casino revenue related to domestic resorts up 5%
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08:06 EDTMGMMGM Resorts reports Q4 EPS (70c), may not be comparable to consensus 6c
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07:17 EDTMGMMGM Resorts volatility elevated into Q4 and outlook
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