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Stock Market & Financial Investment News

News Breaks
June 24, 2014
12:32 EDTCZR, WYNN, MGM, MPEL, LVSJapan's Abe to press forward with casino initiative, Bloomberg says
Japanese Prime Minister Shinzo Abe said his ruling party will press forward with the casino initiative and will look to pass a law to legalize casinos in the next session of parliament, says Bloomberg. Publicly traded companies in the space include Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM),Melco Crown Entertainment Limited (MPEL) and Wynn Resorts (WYNN). Reference Link
News For WYNN;LVS;MGM;CZR;MPEL From The Last 14 Days
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July 22, 2015
14:01 EDTCZRCaesar's July weekly volatility spikes to 490 into court ruling
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13:02 EDTLVSLas Vegas Sands technical notes ahead of earnings
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12:04 EDTCZRCaesar's volatility spikes into court ruling
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06:41 EDTLVSLas Vegas Sands volatility elevated into Q2 and outlook
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July 21, 2015
16:28 EDTCZROn The Fly: Top stock stories for Tuesday
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12:21 EDTCZROn The Fly: Top stock stories at midday
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05:07 EDTCZRCaesar's, CEOC, reach agreement with group of second lien noteholders
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July 19, 2015
13:47 EDTWYNNWynn Resorts could be 'long-term winner' if Macau improves, Barron's says
Shares of Wynn Resorts look "potentially cheap" ahead of a possible recovery in Macau gambling, Barron's contends in a 'Trader Extra' column. The publication calls Wynn "one of the best-managed companies in the sector," and though Macau could worsen, "stabilization by next year" is the more likely outcome, says Barron's. Reference Link
July 15, 2015
09:05 EDTMGMMGM Resorts launches plans for 5,000-seat theater at Monte Carlo
MGM Resorts announced plans for an approximately 5,000-seat theater at Monte Carlo Resort and Casino on the west side of the Las Vegas Strip. While The Park and Arena are expected to open in April 2016, the Monte Carlo theater is projected to host its first act at the end of 2016.
08:26 EDTMGMMGM Resorts shares undervalued, says Stifel
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July 14, 2015
16:01 EDTLVSOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
14:00 EDTLVS, WYNN, CZR, MGMNew Jersey reports Atlantic City gaming win down 8.2% to $216.5M in June
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12:37 EDTCZROptions with increasing volume Micron
Options with increasing volume: GGP WMC KSU A WY TCK JKS EMC DHR AMJ CZR MU
12:32 EDTMGMMGM Resorts initiated with a Buy at Gabelli
Target $25.
10:55 EDTLVSLas Vegas Sands July volatility elevated into Q2 and outlook
Las Vegas Sands July call option implied volatility is at 38, August is at 34, September is at 33; compared to its 52-week range of 18 to 41; suggesting large near term price movement into the expected release of Q2 results on July 14.
09:35 EDTLVSActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
July 13, 2015
16:00 EDTLVSOptions Update; July 13, 2015
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15:26 EDTLVS, WYNN, MGMMacau casino operators rise as government hints at softened smoking stance
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12:19 EDTWYNN, LVS, MGMOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after a last minute deal was struck to provide new aid to Greece and hopefully prevent its exit from the eurozone currency union. With Greece apparently off the table as a risk for the time being, investors will now be looking forward to the earnings season, which will begin in earnest this week, beginning with reports from some big banks and a number of tech giants. ECONOMIC EVENTS: In Europe, Greek Prime Minister Alexis Tsipras agreed to European demands for immediate action to qualify for up to $95B of financial assistance. The summit pact averted a worst-case scenario, but only established the basis for negotiations and the Greek parliament now has until Wednesday to pass into law key creditor demands. Greek banks, which have been closed for two weeks as the saga has unfolded, will stay closed until Wednesday, at least. In China, exports rose 2.1% from a year earlier during June and imports dropped 6.7%, leaving a trade surplus of $45.8B for the month, the nation's customs administration reported. In the U.S., the monthly budget statement for June is due at 2 pm EDT. COMPANY NEWS: Shares of Marathon Petroleum (MPC) advanced nearly 9% after MPLX (MPLX), the company's fee-based master limited partnership, agreed to acquire MarkWest Energy (MWE) in a unit-for-unit transaction plus a one-time cash payment to MarkWest unitholders. The deal implies a total enterprise value for MarkWest of approximately $20B, including the assumption of debt of approximately $4.2B, as of the close of trading on July 10. MarkWest surged over 11.5% higher after the news, while MPLX units slid 16%. MAJOR MOVERS: Among the notable gainers was Anacor Pharmaceuticals (ANAC), which jumped 56% after the company announced preliminary top-line results from its Phase 3 studies of its non-steroidal topical anti-inflammatory treatment of mild-to-moderate atopic dermatitis in children and adults. In two studies, crisaborole achieved statistically significant results on all primary and secondary endpoints and Wedbush raised Anacor's price target to $190 afterward, saying it sees the drug's sales reaching $2B in 2020. Also higher was Wynn Resorts (WYNN), which was among the Macau levered stocks that advanced after Macau Business indicated that an official in the territory said the government there might let casinos keep their smoking rooms. Among the noteworthy losers was Ascena Retail (ASNA), which dropped 15% after cutting its fiscal 2015 earnings guidance, citing its recent decision to accelerate its planned merchandise transition at Justice and to incorporate lower than expected top-line performance at Justice and dressbarn. Also lower were shares of Windstream (WIN), which fell 6% after UBS downgraded the stock to sell, saying the company's declining revenue and EBITDA trends will continue to weigh on shares. The firm cut its price target on the stock to $5 from $11.50. INDEXES: Near midday, the Dow was up 187.10, or 1.05%, to 17,947.51, the Nasdaq was up 66.37, or 1.33%, to 5,064.07, and the S&P 500 was up 18.92, or 0.91%, to 2,095.54.
07:46 EDTLVS, MPEL, MGM, WYNNMacau government may soften casino smoking ban, Macau Business says
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