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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:14 EDTWYNN, WYNMFMacau graft agency investigates Wynn land agreement, Reuters says
Macau's corruption agency said it is looking into a land agreement having to do with CEO of Wynn Resorts (WYNN) Steve Wynn's upcoming $4B casino, according to Reuters, citing a comment in an email from the anti-graft agency. The agency decided to investigate the agreement and asked the Macau government to provide more facts on how a little-known company secured the rights to land before it was granted to Wynn. The land is now part of Macau's Cotai Strip, where Wynn's Wynn Macau (WYNMF) is poised to open its second casino resort in 2016. Reference Link
News For WYNN;WYNMF From The Last 14 Days
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July 2, 2015
12:11 EDTWYNNJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTWYNNUBS 'constructive' on Macau names after restrictions eased
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10:00 EDTWYNMFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Market Perform at Cowen... Acadia Realty Trust (AKR) upgraded to Buy from Neutral at Citi... Alliance Resource Partners (ARLP) upgraded to Buy from Hold at Deutsche Bank... ArcBest (ARCB) upgraded to Peer Perform from Underperform at Wolfe Research... AstraZeneca (AZN) upgraded to Buy from Hold at Berenberg... ConAgra (CAG) upgraded to Overweight from Equal Weight at Morgan Stanley... DuPont Fabros (DFT) upgraded to Buy from Neutral at Citi... EastGroup Properties (EGP) upgraded to Buy from Neutral at Citi... Galaxy Entertainment (GXYEY) upgraded to Hold from Sell at Deutsche Bank... GrubHub (GRUB) upgraded to Outperform from Sector Perform at RBC Capital... HealthSouth (HLS) upgraded to Outperform from Market Perform at JMP Securities... IGM Financial (IGIFF) upgraded to Sector Performer from Underperformer at CIBC... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... Kimco Realty (KIM) upgraded to Buy from Neutral at Citi... Kosmos (KOS) upgraded to Outperform at BMO Capital... MGM China (MCHVF) upgraded to Hold from Sell at Deutsche Bank... Regal Entertainment (RGC) upgraded to Neutral from Sell at B. Riley... SL Green Realty (SLG) upgraded to Buy from Neutral at Citi... SQM (SQM) upgraded to Buy from Hold at HSBC... Sands China (SCHYY) upgraded to Hold from Sell at Deutsche Bank... Terex (TEX) upgraded to Neutral from Underperform at BofA/Merrill... United Community Banks (UCBI) upgraded to Outperform from Market Perform at Raymond James... Weingarten Realty (WRI) upgraded to Buy from Neutral at Citi... Willis Group (WSH) upgraded to Neutral from Sell at Goldman... Wynn Macau (WYNMF) upgraded to Hold from Sell at Deutsche Bank.
08:29 EDTWYNNUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
07:36 EDTWYNMFWynn Macau upgraded to Hold from Sell at Deutsche Bank
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July 1, 2015
06:48 EDTWYNNMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTWYNNMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTWYNNMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTWYNNMacau appears to re-lengthen visas to 7 days, says Brean Capital
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09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
June 26, 2015
10:00 EDTWYNMFOn The Fly: Analyst Upgrade Summary
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09:32 EDTWYNNNevada reports May Statewide gaming win up 3.33% to $1.0B
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07:55 EDTWYNMFWynn Macau upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse upgraded Wynn Macau to Neutral due to valuation.

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