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Stock Market & Financial Investment News

News Breaks
November 28, 2012
07:22 EDTWYNNWynn Resorts shares offer attractive entry point, says JPMorgan
JPMorgan says that when backing out the value of its stake in Wynn Macau, shares of Wynn Resorts have a negative value. The firm thinks this is not sustainable, and sees considerable value in shares of Wynn Resorts at current levels. The firm views current levels as an attractive entry point and keeps an Overweight rating on the name with a $133 price target.
News For WYNN 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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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).
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
09:32 EDTWYNNNevada reports May Statewide gaming win up 3.33% to $1.0B
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